The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1893-06-09

NLAIN NLR BY PRESIDENT CLEVELAND.
-Mashiugton, Juno 5-The President said
thiSeveniug, in reply to direct question
by representative of the United Press, that
he intended to call an extra session of Con-
gress net earlier than The first nor later than
the fifteenth of September, unless untXpect-
oil contingencies should necessitatc an ear
lier meeting. The President further said
"While there has been no mystery nor
secrecy in regard to my intention i'll this
matter, think it not amiss that our people
should be informed authoritatively that the
lime is at hand when their representatives in
Congress will be called upon TO deal with a
financial coalition, which is the only menace
10 the counlrys welfare and prosperity. 1t
!, we'll for the people to take up the subject
for themselves aud arrive az their own con-
clusions a, TO the merits of q financial policy
which obliges US TO purchace idle silver bull
lion with gold lax en- fran """ -----'-' o.
does not need the eye OF hnanclcr 10 see
that this god thus subtractcd from The gov
ernments stock is eagerly seized by other
nations for the purpose OF Strengthening
their own credit at our expense.
at does not need the art Of statesmanship
to detect the danger that awaits upon II
coniinusDce Of this operation. Already the
timidity of cap tai is painful y apparent, ana
none OF us can fail TO see that the fear ana
apprehension in monetary circles will ul,l-
mately bring suffering to every humble home
in our land
ii think that between now and the meet
ing of Congress much depends upon the
action of those engaged in financial opera
tiops and business enterprises. Our vast
rational resources and credit are abundantiy
juficient 10 justify them in the utmost faith
and confidence. If, instead Of being fright
ened, they are conservative, and II, instead
Of gloomiy anticipating immediate disaster,
they contribute their share Of hope and
steadiuess, they will perform patriotic
duty and nt the same time protect their own
interest. The things just now needed are
coolness aud calmness in financial circles
and study and reflection among our people"
COMMERCIAL DISASTERS IN THE EAST AND
WIsT.-Chicago, H., June 5.-Meadowcraft
Brothers, private BANKERS, closed their doors
this morning.
Sandusky, Ohio.-The doors Of the San
dusky Savings bank was closed Saturday
night upon what was generally supposed to
be one of the soundest and safest institutions
of tho city and were not opened this morning
Iu, displayed the following announcement:
lowing TO inability to relalze upon assets
at this time this bank has been compelled lc
assign. An depositors will be paid in fall
New York.-The Shoe and Leather Ma
iional bank gave notice that il will not c'ea
for the Canal Street bank after tomorrow
This will make it necessary for the Cana
Street bank 10 60 into liqui iation. Its de
deposits are about S45O,OOO.
The Stale Bank of commerce, Chicago, wa
suhiecsed TO a tremendous run, thousands o
packing about the doors. The OH
kbiuk they will pull through safely
~ de posts are 81 100000
There was also run on The Dime saving
bank Of The same city. 1t has $500, 900 U
deposits and may hold out.
The Hibernian bank with deposits Q
S3.5OO.OOO was also subjected 10 a run
Depositors were paid off at the rate of thre
minute, and the officials are hopeful.
The run on the Prairie sayingc bank, be
gun Saturday, was resumed. The oflicia'
there are confident Of holding out.
"1he devil has n mortgage on the soul {
the man who expects to get ioheaven b'
cause he has never robbed II bank or kille
his brother"