New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-14

fsct. call one loan during the day. The affairs OF tns
s MSI rumo that Would be and perhaps
under the National law were not s te state Ex
aminer went to the Clearing House in the afternoon
In the expectation Of esrmng business sse oretsr
ame ths dntsad Of the bank made BY
Mr.. Preston. Was laid before it, 1t did not take "a
long time for the sSmmee co 90 s Of the bank
not such as to warrant action by tic committee. Ime
bank which was excluded a arSI' Of the State While
the capital OF the bank may NOT % a., Sncson not To
the committee was unanimous jill '''
William Nelson Cromwell assignee q oecAe rd 20 sIs
Co.. said YESTERDAY that nc ' th,t Il wouI BE- i'm
o OF make known definite statement Of the
rms affairs for some days 0 on csa" lie attributed
t es de sn Of North American stock early yessrda
to the erroneous imPrsss,om Com on wcdnes
Gpv was ~ an indication Of the companys coiaps ,.
lie was assured that the moeag The committee
nnouted nv the creditors to Keep an eye on inc
affairs of the company me pnc ,ppn; the sanrbt a.
oS coiaisrsis which found m're than Sni"c'eh'
TO protect them from loss r. wo,co,+ Z
"a snS george W. ouinta ASSIGNEE OF Charles
Whitney & Co. each said that he wonld DC unsoe ~. q,
srm for Of T SaE he Nv" the assignee
james G. waicott Co. sent the following 10 INC
r,o pcrmt me to ask the service Of yonr paper TO
contradict statements mnde in several Of the morni
papers rejecting unjust ana who,y 1
rrstc,sm on the Continental Rank. OF TINS CITY, ana
rhersin we arc made 10 censure that bsnk Tor oar
late business embarrassment such s.asemen , az,
not made nv or with the knowledge OF any one CON
nected with our firm or our enpoycs "'' su'p'"'o'
we trust, Will he merely temporary
AMUSING SIDES OF THE SITUATION.
Although Wall Street is passing through one Of Its
perodca panics and the situation for few days has
been sufficiently grave to require extraordinary meas
ures there have been amusing incidents at whch wall
Street could not help laughing. This persohai was
printed I'm q Wall street paper yesterday:
Dear Henry: we are very sorry about Northern
Pacific. North American and Edison Geneial hlcci'O
Light but II you not return all viii he forgiven
The failure Of the North River Bank was enjoyed
nv one brokerage firm 1t seems that suburban bank
which occasionally loans money on call was DISTURBED
by rumors about the firm, although 1t Is generally
supposed to be remarkably sound. on Wednesday an
officer of the suburban bank came to the city win 'e
co,Iateals of loan Of about $50 900 made to the urn
He wanted the money at once he apIearea to t Se
amount and Immediately deposited IT in the NorIn
River Bank, which closed Its doors rev HOURS "oi
ward.
HOW OTHER EXCHANGES WERE AFFECTED.
There was considerable generalization yesterday in
breadstuGs on the Produce Exchange especially IN
wheat December wheat sold down from al % 10
81 O3 per bushcl, against III %, the ciose ""
Wednesday May wheat declined from 81 w u
81 OF 3s closing at 81 OF IL. as against vi U" 90 o
wednesday. About 3,75O,OOO bushels OF wheat was
Sold The money troubles in the Street were the cause
OF the condition Of the market
Cotton was feverish but closed fairly nrm OH DuS
ing ORDERS closing IRON three to eight points mghe'
than on Wednesday. Coffee was in better conullo
than on Wednesday, closing from hfteen 10 ~tnN
points higher.
SENDING MONEY HERE FROM SAN FRANCISCO
Washington, Nov. 13.-The Treasury Department Is
informed that more than 81 100000 was transierreo
from San Francisco to New-York today, under uie
privileges conferred by Secretary WINDOWS order Of
yesterday.
| THE LOCAL NATIONAL BANKS ALL RIGHT.
Washington Nov 13-Mr Lacey. Controller oil tit
Currency said today that the latest reports received
| by him showed that all the National banks III NC"
| work. CITY were in good condition. and were In nc
| danger from the stringency in the money market.