The times. [volume] (Richmond, Va.) 1890-1903, 1893-08-13
WERE PAID In CHECKS.
x.xr EMPLOYERS UNABLE TO sK.
orss sUFFIoIESr CURRENCY.
.o,.. However. Had Money shipped Them
From Other Points and Gathered 1t
Her. aud There In Richmond.


A. FAR a. the banks were concerned
yesterday. matters were the same as on
ynaay. with the probable exception that
,larycr number OF people. taking advan-
,.g. OF the 80 proviso. presented checks
o. currency. Many did this to pay one
- several employees such as a considerable
,,nber OF business men employ. Others
Al so 20 aid the large manufacturers in
,belr efforts 20 meet the demands OF
veekiy pay rolls with cash. Many, how
,tev we're helped no little by retail mer-
chants who do most OF their business with
r.sh. Nir. J. Cans. OF Saks q Co, dur
x the day several times telephoned TO
manufacturers that upon application at
rs establishment they could receive cur
rerrv Tor certified checks. and he also
teefrarhed his house in Washington 20
f.nd an the currency they could spare.
rs q consequence tobacco and other
ranufacturcrs were helped along. and
we're not put 20 the necessity Of putting
checks ia the hands OF ignorant negroes.
Who would sell them below their face
value This IS what the merchant and
Ir.uufaCturcr used every effort 20 avoid,
tlf fla many cases. they could not get
currency. and had no other alternative.
II ne retail merchants OF this city would
follow the example set by Mr. Cans there
would be far less inconvenience. and II
tey would pay their small debts with
currency instead OF giving collectors
checks for s. or SO there would be just
that much moro money put into circula-
ton. ..-.--
Allen 3 Ginter.
Alfar T. Etutar brouOh ~
rican Tobacco Company had little trou-
bic In meeting their pay-rolls with cash.
having received currency by express. The
tobacco factory hands were paid In
money.
The employees Of the johnson Iron
Works. in Manchester. received checks,
many Of them being sold at once at a
discount.
MANY persons who have drawn out their
savings from the banks, and who have
their wealth stored away, could help mat
tiers by exchanging the currency for GER
titled checks
Merchants Bank.
There are people who have without in
curry into the matter criticised the Mer-
chants National Bank for not accepting
certified checks as payments for internal
revenue stamps. MIR. John p. Branch,
president Of the bank. spoke as follows
about the matter yesterday, and showed
tlat 20 was the fault Of the officers Of the
United States Government and not his:
Up 20 the Barring panic of 1890 the col
lector OF internal revenue had been in
the habit Of taking certified checks for
Internal revenue collections.
When that panic took place he refused
90 take certified checks any longer, al
though the Merchants National Bank,
Government depository, offered to hold the
collector harmless for these checks.
After the panic had subsidized he finally
consented 20 take these certified checks
again. on Friday morning the assistant
collector called on the Merchants Ma
t0nal Bank and stated he would not take
certified checks any longer, unless the
Merchants National Bank would hold
them harmless. The bank stated they
could not give this guarantee. not be-
cause OF any want OF confidence in the
banks. but because the clearing
house had decided the night before they
would not pay currency for balances.
and as the Merchants National Bank had
O. remit currency to Washington for all
Internal revenue collections, Of course
they were forced 10 receive only currency
OF account Of the Government.
This Is due the Merchants National
Bank as Il is the only Government de-
post0ry IN the city. and the Government
their balances.
llr John =. Branch was in New York
on Tuesday, and requested the Sub
Treasurer 20 allow him TO remit him in
New York Exchange for the receipts on
account OF the Government, which be
declined 20 do, as the New York banks
refused 20 pay currency for checks
against balances in their hands sent by
United States repositories throughout the
country.
Richmond Locomotive and Machine Works
After the dinner hour was over at the
locomotive Works W sterdaY, the mon
were assembled. and Mr.. Joseph Ervdn
eNpIalred 10 them the financial situation
a. some length and the difficulties. net
O. say impossiblity, Of obtaining cash for
the payroll. lie stated that the law %
Vii inia made wages a lien upoh the
property and franchises of n Virginia
manufacturing corporation and the d.
rectCDs had resolved as the most suitable
way OF meeting the emergency TO issue
the scrip. or notes OF the company, I'm
convenient denominations 20 the mon,
specifying on the face Of the obligation
that 70 was due for wages.
air. Bryan insisted that these notes so
secured and payable in sixty days. with
interest, should be received at par by
those grocers and other traders with
whom the men dealt
Mr. Bryan's remarks were received by
the men i'm good spirit, and at the
pay hour the notes were taken without
dissent.
state Checks Paid.
Colonel Morton Marye, Auditor OF Pub
lie Accounts. yesterday held consulta-
ton with the cashiers Of the banks in
which the State deposits money.
The cashiers desired the Auditor and
Treasurer 10 indorse their checks. as the
business houses OF the city do: Payable
through the Clearing House"
The law Of Virginia prescribes the
manner IN which the state checks shall
be drawn, and the Auditor, with Acting |
Treasurer Urner decided that they could
not make such Endorsement and crmply
with the laws Of the State.
The banks are now paying the State
checks when properly presented.
The Retail Dealers.
Nearly all OF the retail dealers In the |
city have agreed 20 take checks certified |
ty the banks here at par, In exchange |
~ goods. provided reasonable amount |
Is purchased
To Wage Farmers.
The following communication signed
friend Of the Wage-Earner' was re-
ceived yesterday:
40 Wage-Earners. Laborcrs, Mechanics,
Clerks. all who receive checks instead
OF money In payment OF your weeks