Los Angeles daily herald. [microfilm reel] (Los Angeles [Calif.]) 1884-1890, 1886-09-24

A Prediction of Dire disaster u
the Country sieneraiiy.

SAN FRAsursoo, September ga
disp .tch to the Call from OTTAWA says;
Professor Virgins. who claims to have
forstold the Charleston ~.hquake, Is
daily growing moro positive in his pre-
diction that much groater disturb
ance, also OF subterraneous origin. will
visit tl,e southern section Of the country
an September 2gsh. 1t may, he asserts,
visit southern Europe as well. Tee
earthquake wave is to move from east to
west, reachiug as far north as san trin'
cisco on the Psc fic Coast. On the E .st-
ern Coas. there will be no ironbie be-
yond severe storms, and possibly hur.
ricanes. His performance Is announced
for 2 p, Nj. on the day specified. The
force, he said, would be far greater than
that which caused the recent disturb,
ancs so disastrous to Charleston, and
the country would alike be affected. lie
predicts that New Orleans, Macon aud
Mobile would be rainsd. as these cities
are right in the path Of the subterraneln
and meteorological phenomena. Walter
II. Smith, President Of the Astronomical
und Meteorological Association tor Can
ada, agrees with Professor Virgins IN
substance. lie says tho shoek wii! be
ushered in by heavy storm Ia the West
and Northwest, and rough weather ON
tho Atlantic Coast. He looks to see
great damage in the district south Of the
thirtieth parallel Of latitude, which
nearly passes through Jacksonville, Fla.
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Thc cali tor 'rhrcs Per Gents.
WAsnfsoroN, September 20 -Irquiry
made Al The Treasury Department to-
day in regard 10 the published state
lnent that The National banks are being
greatly disturbed by the calling IN Of
the three per cent bonds which form the
principal basis Of their circulation. II
was learned that several Of the insiitu-
t;ons have given motto, Of their with
drawal from. the system and that others
are trying to have their called bonds
retained as a basis for circulation, r e.
fsrring to forego interest altogether ratt-
or than to r,sk buying four aad four and
a half per cents at the present
high premium. 1t has always been held
by the Treasury Department that whe'i
bonds cease to bear interest they be.
come unavailable as basis for circnla-
tion. This ruling, however, has lately
beea contested By some OF the banks
and the question has been referred to
the Atiornsy General for his opinion.
Until this decision Is rendered the De-
partment must, OF course, adhere to its
practices. In many cases, however.
banks whose bonds have been c Lled are
dcferring their replacement, expecting
apparently a decision allowing thcss
bonds to remain. In the meantime the
Com ptroIler of Currency Of the Treasury
and the Register are so busily engaged
with requirements and Withdrawals that
1t is not considered likely that the De-
partment win be very exacting with
banks that have failed TO surrender
their called bonds. A letter was re-
ceived to day from leading financier of
New York sugeessipg that - the ex.
changed boads will lock up a good deal
Of money Just at this time, when it Il in
great need In moving crops. II would
not be we'll for the government to force
banks beyond reasonable degree OF dill
igence in substi,sting other bonds for
the called ihrtes. 1t is understood that
tho question will be left. open until the
return Of Attorney. General Garland.
who is expecte b.ek about the first OF
the month.