The Bridgeport evening farmer., 1914-08-03
N. Y. BANKERS WILL ISSUE
 CERTIFICATES

New york. Aug. 8The clearing house at a meeting today decided to is sue clearing house certificates to meet the currency situation brought about by the European war crisis.
 The decision to issue oertifcAtes was reached after a general discussien of the foreign situation and pis bearing orls business conditions here. It was unanimous opinion that in view of the foreign situation every means should be adopted to protect the couutrys gold supply. It was voted, therefore, that for the present and until further no- tice the association place itself ont certificate basis.
 An additional reso1ution was adopt | ed making available in payment of ba4anees all forms of currency issued on authority of the national govern ment.
 bankers to use freely the currency issued to the national currency as socfation and to the fullest extent for the requirements of their correspon- dents and the needs of the interior ex- change.
 The meeting was largely attended, practically banks and trust cpnlpan-i Lies being repr scented. This was the first action taken by the association since the panic of 1907 when similar j. action was LakeMs Secretary McAdo6, Of the treasury tdepartment, who came from Washing- ton last, night to attend a conference with New York .bankers. left for the Ecapita1 at 9:30 to attend a meeting 1 this afternoon with f7hanciers from various cities. John H. Keltonss Will ] Hams comptroller of the currency; ICharIes $. Han1lin and ". F. G. Hard- ling, members Of the federal reserve board who came from Washington Ewith MT McAdoo, remained here and fwere in conference at the reaslxry during the morning.
 l MT. Williams has made preparations l to forW ard the emergency banknotes l Ito the various banks as soon as they iarrive.
 l Decision to enforce the SO day clause l before wfthdrawaI of deposits was New ork State Savings Bank asso- leiation. All sayings banks in the state fare affected.
 t Withdraw wals at the private banks on the East Side, the bulk of whose de- positors are foreigners. have been 3heavy this forenoon but there has been no disorder.
 VEashin gton. Aug. syVord was re- ceiyed early today at the treasury that l Secretary McAdoo will return to yyash- iington at 3 o'clock to take up the finan- sentatives of the chicago & St Louis lclearing house associations. Mir. AfcAdoo is anxious to get in close touch with conditions throughout the
 west and to learn te what extent the sl ltreasuries offer of S84 o95, GOO to national blanks for crop movement will aid in lrelieving the present situation It was not known whether ComptroIl- si CT Williams will return with the sec- 1retary but Charles S. Hamlin mem ber-eIeet of the federal reserve board,
 
 j lin will watch developments and in- lform the treasury
 I.iverpool. Aug Tine directors os
 the LiverpooI Cotton Association at 3
 meeting this morning resolved tl1ai
 the cotton exchange be closed inde- hnite1y. A resolution was also passed declared that until further notice al
 trading in futures and all tenders an6 f settlements for futures contracts be
 suspended and that until arrange: Inents to safeguaFd the interests oi in spot cotton shall be allowed.
 Vienna Aug. sThe Austro Hun
 garian bank has raised it's discouni rate to per cent.
 New York, Aug. Between $40,
 900, 900 and ss50.000s000 Of emergencs currency arrived in New York todd, from Washington and was taken d
 once to the sub treasury. This an
 nouncement was made at the sub
 treasury after the secretary of tn. 1 treasury had started back to Wash
 ington.
 I,ondon. Aug. S-The British gov
 ernment today decided to extend tn,
 bank holiday over three days The bill temporarily suspending tn,
 
 I through all it's stages in a few min
 utes in the House of Commons Tn
 naeasure contains power, to declare ! nnoratoriurn.