The daily gazette., 1878-04-18
SECOND EDITION
SPECIE PAYMENTS.
Bankers and Business Men
Issuing Gold at Par.
H ERALD SPECIAL REPORTS
BANKS Resuming i'm Louisiana,
Georgia, North Carolina,
Ohio and New York.
GREENBACKs PREFERRED-BANK NOTES
AND THE PRECIOUS METAL ON THE
SAME LEVEL.


SAME LEVEL.
PHILADELPHIA BANKS WAITING FOR
GOLD TO DROP TO PAR.
PHILADELPHIA, April II, 1873.
No banking institutions or brokers in
this city have yet resumed gold payments.
Two or three of the large banks are said
to have gold enough on hand to partially
resume-to the extent of giving gold In
exchange for five dollar bills; and the ex-
pediency of such beginning had been
discussed, but actual gold payment has
not yet commenced, and it would not be
safe to say that there is any immediate
prospect Of it. If gold continued at a
quarter, the quoted price to-day,it would
be an easy matter for some of the large
INSTITUTIONS to make step in the direc-
ton of resumption by paying it over the
counter for fives, but this il not likely TO
be done until gold descends to par. A
few retail mercantile business houses adj
vertise to give gold in change, which Is,
OF course, done as an advertisement, and
this is the nearest approach to resump-
ton at present in this city.
THREE BANKS IN CINCINNATI AND ONE
h
NOTES IN GOLD.
CINCINNATI, Ohio. April 17.-Tbe
First National Bank Of this city, has an
nounced to its customers its readiness to
redeem It's circulation az fast az present.
ed In gold, Though without advertising
the fact in the newspapers. 1t has a
capital of 81 1900, 900 and circulation OF
something like $500. 900 out. The an
nouncement OF resumption made by the
Third National caused very little excite
ment in busi ness circles here, and though
three business days have elapsed since
its publication the bank has been called
on to redeem less than $500 of its oircula-
tion.
NOTES PREFERRRD.
On Monday they paid out $500 In gold
in sxehang, for their notes, yesterday
something less than Sl00, and TODAY on
ly about s25 or $50 The banks here TO-
day declined to pay any premium what
ever for coin gold. though when they
sold they got New York rates or three
eighths of one per cont.
RESUMPTION AT sANDUsKY.
The Fourth National Bank Of Sandus-
ky City commenced to redeem their cir
cul"'ion to-day in gold.
PLENTY OF GOLD IN oHoRaIA, BUT NO
oHh ACAb Al Aa.
ATLANTA, April II, 1878.
The Citizens Bank, one of the strong
est in the South, last Saturday announced
through the papers its readiness to pay
out gold on checks or drafts at par. A
temporary ran was made for gold, bnt
it soon ceased, and on Monday much of
the gold paid out was returned as ordi-
nary deposits. Since then only OCCASION
al calls have been made for gold. Presi-
dent Brown says the great majority of
his customers will not take the gold, but
prefer greenbacks. On Saturday gen.
tleman deposl ted $4,000 in gold at par,
and that deposit nearly satisfied the de-
Tnand for gold. A large amount of coin
heretofore boarded has been deposited
in the banks here with greenbacks. Any
of the banks will pay gold to any asking
it.
GOLD OFFERED AT PAR IN SAVANNAH BY
A BROKER.
SAVANNAH, April II, 1873.
The banks here have not yet resumed
gold payments, but James Hunter, Jr.,
a broker, offered it at par to-day.
Bankers and business Houses in Ne,o Or
teams Gtoing Gold TO those Uho require it.
NEW ORLEANS, April II, 1873.
The nearness OF gold to par has created
quite furry among brokers here,
though none of the banks have as yet
resumed. If gold is offered in small
sums over the counter they decline,
however, to pay any premium. The
Germanla National Bank announced to-
day that they would redeem their issue
in gold.
GREENBACKS PREFERRED IN NORTH
CAROLINA.
WILMINGTON, N. c., April 17,1S7S.
The situation in regard to gold here is
simply this. There is very light sup
ply and very light demand. The three
banks here-the First National Bank,
the Bank of New Hanover and the Daw-
son Bank-have paid it over the coun-
ters freely at par, so far as their ability
extended, during the past four days.
But few seem to want it, and paper is
preferred. Greenbacks and national
bank notes are good enough for the
average Wilmingtonans.
OH ESTnN AnI IL Tn nEntHr NV nav