The sun., 1893-06-17
WALL STREET LESS ANXIOUS.
.rrrR AND LESS URGENT REQUESTS
FROM THE COUNTRY FOR AID.

.-rrR AND LESS URGENT REQUESTS
FROM THE COUNTRY FOR AID.
.,rouer Eckei.'s Fart In Creating Dis
e'.-,.t-Money on Cali Active. bat tho ster-
~ Exchange Market Makes Prog
n... Toward the Sold Importine Point.
nh. Ionn Committee OF tho Clearing House
Ia ia first meeting yesterday. but so far as
~. n. learned did not transact any particular
,,.,ncss The committee Is practically sworn
=. ..screcy and its members are expected not
~ .o,nde even to their associates the results
', ssrb days deliberations. Consequently.
,n.r c.rtincatos to considerable am cunt may
nsi.sued without the public becoming aware
=, tho Fact. much less learning the name Of
,hs hank or banks that take them out.
Tho oncstion was raised yesterday as to how
han certificates. when issued, will appear in
plo statement of averages which is issued by
,ho clearing House every Saturday, and also as
- how they will lie treated by the banks. Here
.nor no detailed statement OF the condition Of
,hs banks will be published until It is an
nounccd that the last of tho Clearing House
,.tj0catcs that may bo issued have been re-
,,,od but banks that receive the certificates in
.n,tlement of Clearing House balances will in
ali probahility follow the ruling made by the
comptrollcr of the Currency in 1884 and carry
,hsm on their books as bills payable. since they
ara practically a demand obligation carrying
interest
On the books OF banks to which they arc is
sued they should appear on both sides Of tho
balance sheet, being an asset available for
Clearing House settlements and also liability
an account OF the obligation OF the bank to re-
deem them at the Clearing House. This. how
ever. is matter OF bookkeeping that really
does not concern the public. In the statement
Of averages for the week tho custom has been
10 eliminate the certificates from both sides Of
the account.
There was decided falling of yesterday In
the demand upon the banks for accomm oda-
tions from interior banks. and also a material
decrease in the shipments Of currency to the
interior. The City National Bank deposited
$4,000 gold in tho Sub Treasury in ex-
change for notes VI small denominations.
which 1t is expected will be ready for ship
ment to various points to-day and on Monday.
In spite OF tho actions OF the banks. money on
call was in more active demand than at any
time since apprehension regarding tho ulti-
mate results Of the Sherman Silver law be-
came acute. Rates for brokers' balances
ranged from 10 to Is per cent. The great bulk
Of the business was apparently transacted at
about Is per cont
The latest advices from Boston received in
Wall street foreshadowed q decision on tho
Part OF the Clearing House banks at that CEN
ire to issue loan certificates: but according to
dispatches from Chicago the banks Of that
hs New Yers Rsfh
Bankers brag Of their, ability to meet all de-
the same time they have virtually shut their
doors against all OF their country corre-
An Illustration of the way in which Chicago
banks treat their correspondent banks In the
sGTnry is in the kielloynE Letter
spondent Of one Of the last named:
Our Oldest Chicago ,corrsspondent is the
Of redIseount few days since. and they an
swered that It was utterly i'm possible to render
tam In s. ss, .hA
ylsx Of the R fact that in tho sum%sT q ,sS our
feel that they ought to have taken care Of US
selves has reJirected attention to the ire remarks marks
soon Sy cIses he tooi Siiles H. s:id thss he pres
examiners and to enforce the national bank
ing act Ct, to tho y, very letter @ This announce; announce;
appearing as strong, as possible. that they
might make Axe, good showing 4 should they he
Eckeis is. in the opinion OF many we'll in
extent for the pulling and hauling for cash
M. Eckels aIso made, another statement.
which was equally alarming and which, made
shares as a liability rather than an asset. He
tie bank. was found to be i'm paired. to reaaire
the Stockholders to make good the impair
ioiore in cases Of this sort has teen not to call
dltion to the. amount they raid in for their
eemGLstrate Ts1I such course @ r, was necessary,
naiona! bank stock in tho country. and has
been followed by extensive snles Of bank stocks
Disseminated against AS collateral. 1t can
readily be seen TINT credits have been restrict
% And by tho brashness
upited from obscurity into a position OF great
responsibility and one recurring tho exercise
Wall street was comparatively quiet yester-
day. On the stock Exchange prices were
ssnna.. ssns hg6s .nd shs
:seysrins in shorts By bears Who TOOK trsSt at
were also influenced BY further decline In
the rates for sterling exchange The figures
Ss Ss s1 sn1ss 15g na. 9{ bs o
OF gold to this country from Europe: but the
supply Of bills pressing upon the market is
that Europe will ship gold to this country in
the immediate future.
Heavy Judgment Against Frederick Warde.
ST. LOUIS. June 16.-Daniel R. Bissell and
I. Rayburn Bissell. executors OF the estate OF
James X. Blssell. got judgment In Judge
FISHERS court to- day against Frederick Warde.
the actor. for Ss.2s016
The suit was instituted In February. 1887.
upon the death of James r. Bissell. who was.
previous TO his death, conducting the Times
Frinting Company. During 1886 and 1887
tLr,eae,icE Narde and John J. Collins were
intSsrested me In theatrical com bination together
hhn hhhhn contracted for n large amount OF show
Sn III printing and also borrowed money from |
VI ar Bissel. making a total indebt tedness |
S.is o. some rhI 81 294ol, o, which sl3lGad was
ADJUST the accounts fixed the ndebtedness OF |
pr WaIde at $3.50 III. which report was ap- |
proved by Judge Fisher Today.
su't to Set Aside the Field Assisnment.
Judge Dykman heard argument and testi.
mony at White Plains yesterday in the annu- |
n nhANN