Chicago Daily Tribune Newspaper, September 22, 1873, Page 2

. THR CHICAGO DAILY TRIBUNE . “MONDAY, SEPTEMBER 22, 1878. THE PANIC NEW YORK, Speetal Dispateh to The Chieago Tribune, e You, Sept, 20,—Tha rosults of tho day uro dis- troun only to a claes of stock-ganiblera whom every= Ay winlien to_gco overwhelmed, and the temporary spension of threo banks, weakened by outsilo con- lerattomn, unoxheetedly rovealed by distrust coneo- out on the ngitation in the stock murkat, TIE FIRST REPOITA dteated geuoral rutt,—ruin completa and irroclaim- le,—but tho truth is, o8 statod nbove, Nota singlo o of wlability, character, or fmportanco has sus- nded, You will huve Lad an official list of o dozen wo falluros, Bet ft down that there s not ono of em New York and tho country could not have bot~ ¢ opared than have oxlst, As for tho DANKS WILCHU TIAVE BUBPENDED, ¢, the Commonweaill, liad little character sinco it dpod Flak & Gould lock up greonbacks four yoara opand It goes down amid tho hootiug of men be- ayed by it then sud who desplao it now, As for the HATIOKAL THUST COMFANY, la perfectly solvent, It has been overtsken by a sudden ‘mond and unoxpected omergency, and goes down r o fow days, solely becauso it could not roalize in- antly on tho best socuritics, Tho Preeident came wn town thia morning with $800,000 of Govorn- onts, and, sfter scourjug tho strect, found not singlo offer for thom. Ou tho contrary, OVery s was offering Governments for sale, and tho 0,000,000 called for by Government were quickly raishied by Clews and other favorites, whoaro. always st gorved when they need, Unable to soll, oven to 10 Government, tho National Trust Company wisely it it doors and announced its suspension until it wld realize on its securitics ; in othor words, they 1d to the publio : “ Ioweyou ond others owe meo 20 must wait until T havo time to ccll on others.’ 20 suspension of tho Unlon Trust Compsny, tich last night's special to you foreshadowed, was 10 not to inability to realizo on socuritios, bus to the DISCOVERY OF A DEFALCATION Carleton, tho Sccrotary, for 600,000, and \ over-dmft of Edward 8, Iialght r $200,000. Eight hundred thousand doliars twenty-four houranotico 18 not a emall sum to pro- dofn actusi cash, with a hungry mob sitting at tho Jors clamoratia through tho night for funds, Tho Malcation was discovorcd lsst night, and Augustus ‘lell waa at ono time resolvod to mako it publle Tough the morufug press, but tho dotectives in pur- it of Carloton, tho dofaulter, advised agoinst it, and 1ally tho Company posted notive on the door, which e long line of creditors whoappoared in the morning ad with dismay, Full details of the defulcation wero iulshed carly fu tho day, Tho smount stolen 0l not cxcced $600,000, ‘The ovordraft of ~alght hos led to o roport that $800,000 s dfsappeared, but Carloton 18 responsible for only ree-fourths of this, It doca ot yot appear that bo swactually etolen this amount. Loana to favorito fonds, to his futbor, to religious institutions, in short, ans on good will to friends, and faith In thelChurch wo ADSORNDED WIDOWA' AND ORPIANS' FUNDS, 1t {n smpowsiblo to tall precisely how Vanderbilt fs volved financially or morally in thia defalcation, but tave It on firat-class authority that o is badly burt * tho defaleation. THE BTO0K EXCIANGE, On Friday afiernoon, E. O, Steadman, of (ho Board Brokors, offered In tho Governlng Committes of 1 o Btock Exchango s resolution to closo the Exchange il Monday, to givotimo to dealers to rally and set- % It was hooted down indignsntly, and tho proposal 18 denouncod o8 rovolutionary, contrary to preco- nts, aud juadvisable, This morning the Exchango wened ns usual, although beforo tho first call atacks . broken from 2 to 16 por cent, tho general distrust, uorance, doubt, aud smazing atupldity, togother ith tho Licavy embarrassimets of brokers, combined creato doubt, snd sbruok values, snd tho ola thought tosell outand closc accounts as soon and choaply as they could, The demoralization oxtonded, 1d the wholo list went down with & rush, 8o that whon © call was beguu it was soon apparent that tho streot 1suctually broke,and that it was merochild's play; that ¢ bears lind depressed values beyond tho poseibility of © bulls' paging ; that the fools from tho country could 3t or would not put wp further margins {o stay tho le; ond thot, it the facllity for gambling was fur- shed, tho wholosct of gambliug brokers would be vamped. In this emergency, and under the addition- pressuro of tho announcement of the failure of the ank of the Commonywealth ond suspension of tho two rust Companies, Stoadmau's resolution went throngh e o doso of rellevingsalts, and tho fact that the wholo reot was broken waa concealed for the nonco, In 169 the Stock Exchiango kept open uutll half tho sokora went mnd, and tho othior balf ropudiatod, ke sl & Gould, and a clearing-houso Ind to bo catab- shed to sottlo tho fact that tho streot was bankrupt, his year the Exchango sgncionaly closed up In timo + conceal tho same fact, protty clear already to thoso Do observed cloarly and havo no interest in hoping 2 othorwise, No sooner had tho gombliag hell been (osed than matters ABSUMED A DETTER TONE. Tho bauks which faflod, except the Unlon Trust ompany, wereswsmped by distrust, It fs the panio *dlstrust, It Is distrust not morely of railronds, but * overy other sort of securities, Governments wero 3t sulable, excopt to tho Governmont solely becauso rerybody clse wanted cash for tho emergency, As 1illuatration how extended was this doubt and de- session, aud above all the desire to hold on to all wh, T moy mention that tho Presidont of a largo in- aranco company, on old depositor with Dun- w, Shormen & Co, known porsomally for 1 years to tho principals and clerka of the concern, a8 refused payment of o check fors$1,200 draft +order unless bo would furnish identification, He ent to Duncan in_person, and was finally rofused syment unless ho brought somebody to identity him. ccing that it wasa aubtorfuge to hold on to the money util Monday, tho drawer of the chock gavo notico 1at ho should proleat within five minutes, On reach- 1 bis oftice ho found tho clork of Duncan, Bhorman Co, thery with tho monoy. IT 18 DISTRUST LIKE THIS lich §s precipitating faflurcs of o botter inatitu- . Tho gambling brokers go under becsuso of 1 break in etocks, The banks go down becauso of Mo distrust, Thero 18 uot one of {hem which can nd o continued run of tho sort oceasioned by thia latrust, for it i cxacting, unreasouable, and pressing, THE WORST A8 BEEN BEACHED prosent appearances can bo trusted, It 18 not much fashower after all, as you will aco when tho cloudn icar awuy, aud thus'far not a staunch, steady, legiti- o busitieas houso but has lauglied at the gale, al- iy# excepting tho Unfon Crust, aud crino hss un- ermined that, (7o the dssociated Pre THE UNION TRUST COMPANY DEFALOATION, The Commerciul roys: It was uot known that arleton, the Secretary of the Union Trust Company, us a defanlter until some timo yesterday, when bis beenco Legan (o givo riso to suepicions, Ho re- wined at his desk until 12 o'clock yesterday, cone erslug freely, but_ exhibiling slgns of exciioment od trepidation, Ho left the Trust Company's of- ce, woving that ho was 0o unwell to renmin, 1d desired some rest. When it was necessary to con~ 3t im i regard o cortalu matters hio was not to ba sund, and then it waa thut tho Trustecs began to sus~ ect that o wus & defuulter, Ona burried ezaming- on into bis afialrs, it soon beeame quite certain it ho had been ueing tho securfiies of tho ompany for Lis own personal uses, Ho had wade lodns to Lfw relatives und frionds on sccuritios hich were regarded os doubtful, One wus a loan for 10,00010 hlu father, tho Rov, Dr, Carloton, of the Meth- Hat Book Coucorn natorioty, Tha ccurity for this ona an, it 13 “understood, i good, but there aro othera mt'nro of no great valile, 1o hias his favorites among 10 Lrokors, nnd loauod Inrgo mmounts to theni 1 mccuritios that It will be difieult to wolzo on, and ain fact, it §8 suppoacd, led the Trusteos to closo their »ora ilils mormng and secure time to mako a 1orough examinnton {nto tho macts end sacur- fes of the Company, It fn well known (hat arleton has “hod almost tho entire manage ient of this great fnanclal fustitntion, The caldent, Nr, - Frotbiiighun, ban been ' shacnt 1, Kirobo siuco Cearly list sprivg,’ Gorle e ogueded sa” athorsugtly | tiouest ul oxumplary young mum, Mo fiaw been w Scorotury” of the Unlon' Trust Com- iy winco - 1809, snd the concern haa sown to bo an finmenso Anancial institution under W wecretarysbip, “'ho Company, it {4 uuderstood, old largo biovks of Lako Bhoro sccuritios, und unleus Ummoduro Vandorbilt stops i and kives reller thera but Jittlo hopo that fho Unjon ‘Irust Cowpany will son for busineas on Monduy,” NEQULAR MARKET REFONT, ‘ NEw Yonk, Hopt. 20,—Money is hardly quotable, ans huving hoen reporied thin ufternoon all the way ‘om 7 ver cent por sunum to 1 per eent per day, No mk statowent bus beon fusuod up to thin lour—g . térting—Too unsettied to quoto, Gold opened 113, @13, advanced to 1257, and elosod 1175@1% Loatw were™s, Gond 7 per cont gold per i and 1.0 to 15, ntil Mouday for cursgliig, No carings to-duy, o Aselstant-Treasurer disburaed 24,000, Exports for th woek §500,000 (overnments nowinul, Tho stock i morkot 1s vory nall and bonds are very genorally hold by thoss who “0 not distressed for monoy and who particularly ot tcha timo as tho prosent cling to thoir bonds as a «curity which nothing cou seriously impair, ‘Stuts Bonda—No husinesn in Biate bonds, Stocks—Thoro was a better tone to tho stock mar- « at tho oponiug, urlsing out of the announcemunt st tho Treaunry would bity $10,000,000 at noon to-day, liero was an fmprovement of 3 to 0'per cent i valucs, WL great hopes wero enfortained that tho end Jud sen reached, but thess hopes “wore soon stroyed, when it was snnonuced that tho nlon. Trust Company hud deckdod to stop till Mon. ¥, Tl suspession of tho Truat Company vias fol- wed by tho Bank of the Commonwealth, which ouod it doors nt an eurly hour, Tho oxcliement and iulo whfch followed tio susponson of thoso jnstitu- ons were buyoud description, 'LhoHlock Exchange resombled & mad-houro anil the streots wers blocked with pouplo, all laboring under great exclioment and frouny. Trice thmbled from 3 to 10 por cent, au ntocka woro slaughtered without. any apparent regard to values, Amiil tho surging of the oxclted crowd in tho Stock Exchiange, amd continued destritction of valucs, thoro wora somo few coal and level heads, Theeo mon concolved tho {den of Imitating the Vienna plau of closing tho Exchnilge, and jmmediately the Governing Committee wan couvenod to take action thereon, In & few moments tho Board was calied to order, and from {ho rostrum the announcemont was made that tho Exchange would bo closed until furthor ordora from the President, Thin wan recelved with great oy, and tho Exelinngo resonnded with cheers, The gong waa sounded, and in leas timo than it takes to recurd tho fact {lio wild excltoment was over, tho aurging crowd of frantle brokers disspoarod and the Btock Exchango was nothing but o descrted hinll,All this happened {n w0 shorta timo that it ncems almost imposslblo, and onty those o (lio spot cai realizo tho remarkablo thunge, - All dealings on the streot aro prohibited undor penalty of oxpulsion, and, thereforo, uo business i transacted, Tho_following were the quotations on stocks as near a8 could bo nacortajued up to tho time the Stock Ex- chianygo closod : BTOUK QUOTATIONS, OMORLssacessessusvarsssbones Delaware, Lackawanna & Wesiorn Erle, casll.. Erfo’ proforred Harlem, cash . Hannibal & 8t Josopt Lako Shoro, ... Michigan Coitra Now York Contral & Tiudson, cash L olx Now Jormey Contral,. exsrre 0 Northwestorn, cash, ... . 40 Northwontern prafartod, Ciri. Qlilors Mimianipp csa Taciflc Mall, cash,, Pilteburgh Pansma, Tock Island, cash, 8t, Paul,cash.. Union Pacifie, cash... Wabash & Western, cas Wostorn Union Tolegraph, cash. Adams Express. .. American Merchianis” Uinion . Wolls, Fargo & Co. Consolldated Conl, eash Quickilver Mining Company . Golumbus, Ohicsgo & Indiana Central, cas! SUARES AOLD, Tho number of sharos #old botween 10and 12 o'clock amounted to 127,355, divided as follows Weatern Unlon Ponama W 800 Honnibal & 8t, Joo, 800 Erlo... 5,000 Dol., Lack, & Wout,, 1,800 Northwestorn,...... 2,100 1, Rock Island waee 9,700 Lake Shore, 0, 0. &1, Civernns 9,000 Harlom. ... The extent of shrinkago in valuos for the woek ia wn followa in somoof tholeading sarce: Harlom, 30 percont; Weatern Union, 355 Panama, 33; Wae bLaah, 233 Northwostern common' and Rock Island, 104 @1! 8t, Panl common, United Btates Express, and Ganton, 17@153 : Iannibal & St Jonoph o and Wolls, Fargo & Co,, 14X@14 ; Lake Bhors, Now York Conttal, Ohlo & Mlssisaipyl, Bt, Paul preforred, C,, 0. & 1. ., Dolaware, Lackawans & Western, and ‘Consolidation Ceal, 13 to 10, TitR PLUCTUATIONE, Tho following table show tho exireme fuctuntions of the el In leading shares: Hivhest, Lowest, 89 N, Y. Central & Hudson River stock.... Harlom, ... Ers By o 10 b2 0 Rock Taland .....e 8 Amorican Exprees. 9 United States Expr [31 Atlantle & Paclfic p» 19 Gonsolidated Conl 10 Wolls, Fargo & Co. 58 Milwaukeo & St. Paul 30 Milwaukes & St, Pat 5% Ohlo & Mississip, 1 Canton 0 X, J. Col 98 Union Pacific, 18 0,0, .10, 19 Hannibal & §i, Joo 19 Lisnnibal & St. Joo preferre 33 Pittsburgh ., 80 Michigan Gotifrai 83 PANAIA ovevivienrinen 84 Delavare, Lackawanna & Wesicrn . 86 Western truion 3% Pacifio Mail . 81 Quicksiiver f x5 Quicksilver preferred.... 0 Adams Expre Loy 8 ‘The shrinknge in values represented by the dochion of the above tublo s fully £100,000,000. TREVIOUS PANICH, The following table showa tho lowest prices mado during tho Obicago and Doston fres’ and thio prosent ponic: Chicago, Boston. Fresent, L 83 New York Con, & Hudson, 89 Harlom, desigros 1 %0 Erie... 48 63 Lako Blioro, . 83 10K Wabash..., o 383 Northwostern . % A0 Northwestern do, pfc 8374 0 Rock Taland, 101 81 Milwaukoe & B, Paul. 61 0 ilwaukee pfd.. nY BTN Olifo & Mississippi 40 055 Illinois Contral.. 9 103 Union Paciflc S0 18 C,C. k1. 0., a6’ 1 Hannibal & 8. Joo, . 3 a3 19 Hannibal & 8t, Joo preforrod 054 i3 3 Pittsburgh 12 80y 80 Panama, .85 129 8 D, L. & Wesiern 0535 91 80 Westorn Union, i 6y By Pacific Mal.. 81 1 Michigan Central m3y 83 AFT BALES, In tho aflernoon romo salcs of_atock were mado_ for grocnbackn ae high 88100 for New York Contral, 67 for Laky Shoro, and 75 for Western Unlon, BOLYENT DANKS, With the exception of tho Commonswealth, all banks to-dday mnde thelr cloarings, sud _tho Munbattan Com- pany caslied checks of tio Union Trust Company dated Friday. st PHILADELPHIA. THE EXCITEMENT DYING, Special Dispateh to The Chicago Trivuna, PrILADELYHLA, Sept. 20.~The oxcitoment, though vory great, bas somewhat tamed down. The Union Banking Company havo suspended snd fssued & notics stating thot owing to the heavy demand on them dur- iog tho pust fow days they havo becn obliged to suspend payments for a few doys, Another notico of thoira dirorts thoss wishing to pay notes or drafls to eutor by a specified private enirancs on Fourth, sbovo Chestaut, Tho action of Secretary Richardson s rogards iasuing $10,000,000, and, i case of uccossity, the remaining $44,000,000 of ronerve to ald tho banking communities, s greatly sp- plauded here, DELIEP THAT THZ WODST 18 OVER, 1t 4a thought by muny prominent bankers and finane clors that wo havo secn the worat of {he grast money panie, and that s calm will follow, Calm investigation nhiows thore was but LITTLE CAUSE FOR TIE ALARN, tho reason of the susponslon of Jay Cooka & Co, belng thelr inabillty to roalize on securitics in the most un- expectod moment. Tho same was tho cass with tho other suspendcd Grms, and 1t is probablo that there ia not one but will be ablo to pay dollar for dollar and. continue business, Every bunk and other Inatitution PERFECTLY BOLVENT, anil those who, by thelr alarm and timidity yosterday tried soveral fustitutiona sovorely, may have the un- pleasant kuowlodgo that thoy unwittingly did thelr Dest to FIFOIFITATE A PINANOIAL CRISIE thiat would have cost many of them, in the end, far far moro than the amount of their paltry deposits Chestnut snd Third strects show & decided falling off n the oxcltomont that hns kept thosa thoroughfsrcs 8o turbulent for the past two doys, Yesterdsy, Black Friday No, 3, tho climax scems o havo beon reached, snd, though thero wera some suspensions, still the bravery and ability with which largo Usukors and leading monetury institutions 6T0OD THE DRAIN upon them assured tho publio, aud was the most sctive sgent in toulng down the panicky fecling which yor- vadod our financial contre, To-day, Chestnut and ‘Chird atroota aro throngod atill, but thero i s very percoptible FALLING OFF 1n the number of people, and there 1s & cessation of that buzz and clamor which wera cosoloss during business hours yostorday, Men work along with more confidouce, assured of safoty in the fact that thera was no quavering in the National Banks, while the Fidelity wan, 50 far 4 apposrances Justifiod thoopinion, slmply frraducible, THE MADKETS, bave felt tho Influenco of thiu confidence, Blocks are firm, with & tondency upwards, and the offect on gen- erat commorcial circles i gratifying, Tho oll upon the wators la simply the opinfon that tho HEIGUT OF TiIE HTORM has beon roached,—that tho worst is over, The Fidellty lad its doors open thls morning, All oyea were turned upon this iustle tutlon ~ yestordsy, ond the universal question waa, ¢ Could i, could it stand tho drain?” Among morchants and busluess men genorally thora was no doubt of this, They bad sssurance in tho fact that this {natitution {s managed by somo of tho wealtbiest aud most reputablo mon fn Philadelphis, It was only among small tradespoople and laboring men, who, from fgnorsnco of tho actusl condition of affalrs, wero most liable to susplcion, that suy doubt waa fell, From 10 o'clock yeatorday forenoon until 4 in the aflernoon, an hour afior the usual hour, cash went over the paying-tellor's dosk to the amount of 050,000, Thiore wi NO KMDATASBAENT, no hesitation fn the puymont of checks, ex- cept when the amaller denominations of the money tau out, aud the stocks of $100 and $500 Lills Ladto be meut out o bo reduced, At & ololock an oflicor of tho bank presonted himsclfat tho onter daor and aafil: 1 desiro to nnnounca that tho hour for closlug thia inatitution han arrived, Thore aro many dopositors inaldo dors, nll of whom WILL DE PAID a8 rapldly ns thoy pronent thelr chiecks, All persons ontalda and within tho ranga of my voico Lolding pn- per againnt us aro roquiostad o antor, and thoy wil b pedd.” After tho doors closod thioro was - reaponaive cheer to thin announcement, and many pooplo with freshly-pennod checks in thelr hauds. Joft o dustitution with the purposs ‘of thelr vielt unuccomplislied, confident that it ita officera could give such publis Invitation to depoitors to stop up o the paylug-teller’s dosks, thelr funds wero safo, Whilo tho run on thio Fldelity ws groat, thero was mot {hio slightest approhonsion against Hta solvency, ' Judgo Allison, fin tho Com- mon Plean Court, when applied to by James L. Toverln in rolation to $20,000 trnst funds on dopoeit thero for protection from pos- #iblo loas, consultod with Judges Plorco and Finlettor, and, aftor conultation, the preslding Judgo declared that thoy i not feel tnt tiera wan ANY GROUND FOR APPRERENSION 81 to tho aolvency of tho Fidolity Company § that the Court lind but a short timo slnco appoiutod Tasso Uazloburst and John Trico Wothorill, Eiqs, and tho Ion, Jnmes Campbell, to mako an examination of tho affaira of tho varlous trust compantes of this city, and that (1o report which theso gontlomon lisd mada satisfied tho Court of the entire solvency of each ono of tho companies, includ~ ing tho Fidolity, whoto affatrs has been thus thor- oughly invostigated ; that this roport showed that every soourlty bsd passed undor tho dircct examination of theso oxaminers, and that, fron tho knowlodgo {hus acquired, ho aid not focl tho slightest apprehension that thio trust moneys, including thos deposited by tho Court, were not ontirely safo and protectod, and thot if Mr, Laugh- ridge wore in tho city and_should make su application for an order to withdraw tho funds now dopositod with tho Fidality Oompany, a8 st present advigod, ho shiould doclino to make such an order, Of courso mauy AMUSING TNOIDENTR happoned during tho cxoltomont, Ono man was very cnger to seruro his monoy, and pushed sud pulled so hard that a policeman waa compollcd to talk to lum, Fioally ho had tho grecnbacka in his hande, Lo looked at them, counted thom, and thien stood fora few minutos irresoluto, Tho noxt move was to go to tho recoly Ing tollor and deposit Lis money sgain, Tho ruln, and the rumors atarted out some pooplo who havo soouritios doposited in the institution, Oue eldurlylady cslled for hor Northern Pacifio Rallroad bonds, Tho packego was givon to her, Thon sho ro- ‘marked, # Now I'va got them, I don't know what to do with them,” Tho clork whowaited upon hor thon explained that tho . bonds wero her proporty, and oven if there was ganoral binkruptcy, tlioy could not bo used, *Well, T guess this is tho safest place, Hore, tako them back again,” and sho handod Dack her packego, Othor econcs of & similar character woro enacted duriog tho day, but thoss spocimons will servo to show what troublo ungusrdod romarks sud wild rumors will cause to people who hevono experienco in buinoss matters, Tho Fidolity having stood tho tost 6o nobly seaterday, tho officers determined that thera ahould bo no cause for any dlssppointment, Thoreforo, tho doors oponed at D o'clock, At that time thore woro o fow parsons sbout, snd those who presented chocks wore prompily palil, Thore iad beon A LITTLE RON during the morning, but the pressure s not as great ag it was yesterdny, President Brown looked unus- ually happy this morning, and statod 1o our reportor that tho inatitution s amply prepared to do evena Iarger busincss than that of yesterday, alhough auch a domand s not expocted, At noon the ling to tho Csshfors desk was not much longer than is usual under ordinary circumatances, Tho excitement about the solvency of the Fidolity Trust Company has ENTIRELY SUDSIDED, At 2:30 o'clock this sfternoon, tho Cashier was sit- ting behind hls desk with no customera to wait upon, The amount of cash to-dsy up to that hour was sbout $450,000. Tho Company Atill has in hand sufiiclont funds to moot any moro dowands which msy bo made Thers is nothing new to-day in thosituation ot the Dbsuking-houso of JAY COOKE & CO. In consequence of tho flincss of ome of the New ‘York partuers, thero will bo no meeting of tho firm ‘Defore noxt week, when th futuro policy of the houso will be dotermined. Coniderable time will necossarily bo required in arranglng tho detafls of whatover plan of adjustment {5 dotormined on, but wherever tho sentimenta of the creditors Liave boen oxproased, thoy indicato unbroken confidence in tho integrily of the house, and willingness patiently to awalt tho progrees of ovents, Mr, Cooke reccives his aany frlends with unusnal bravo spirit, and it iy easy to sco that ho ap- procistos very keenly tho universsl sympathy that tho misfortune of his houso has elicitod Bome days must clapso beforo sny statement of the affaira can bo mado, ABBURANCE OF GOVERNMENT AID, In many places of rosort lnst night our finsncisl men mot, and tho gonoral opinfon was that the worst was over, Tresident Grant wes in tho city lnat evoning, and held cousultations with s numbor of prominent gentlomen, at which the situation wes divcusned, and tho assurauce glven thot tho Government woulil come to the rescua if necdod. No doubt this had somothing to do with the orders of Secretary Richinrdson to buy $10,000,000 of bonds to- day, and thus, by throwlng that smount of curroncy on the market, to greatly roliove it, No fears aro foit au to any Blato or city funds, as not a cent s In any of tho threatened institutions, LITTLE DREAD OF DANGER, Interviows with leading represcntatives of the if- ferout branches of comuerce shows that littla dread is apprehended of any danger resulting to business, ns it 18 [n a very healthful sud eatisfactory state, o tight money market Laving been expected for six months post, and the mercautile commumty taking tho nec- ceunry precautions, 4o that now they can weatber l ‘most auy atorm, THX UNION DANKING COMPANY BURPENDED, The heavy run upon the Union Banking Company yesteraay cxcited apprehensions that they could not atand tho pressure, and this rumor callected largo crowds around it, Ly 9:30 a. m. several policomen were stationed to preserve ordor, but tho crowd puhed up futo tho doors, As 10 o'clock strack tho excitemont reached fover heat, and tlls was redaubled os it was found that tho doors wers closed, In o minuto oftorwards s notice was posted on the fnsidu of the gluss of tha duor a3 follow “ Owing to tho heavy pressuro of demauda upon un yostordsy wo aro compollod o suspond pay- ments for a fow days, ‘The exclioment at this was tremendoun, Muny almost criod, while other curscd thelr fato in not drawing yeaterdny, Tho seoret of thd failure s sald Lo ba for ono thing,—tho unpapu- larity of the President, which rendorod ofher bank officials undosirun of aesisting bim, and also the fact that the bank bas been dolng AN ILLEGITIMATE DUSINESS by paying but 4 per cent interest to thelr customars, ‘while charglug thom 8, 10, and 12 per cont for aceome modation, For thia rosson the othor bauk refuso to help them, sud so they went under. Tho failuro will bo badly folt to-dsy, ns mauy employora doposit here, aud on Suturdays draw to pay thelr hande, To-doy they will ho obliged to bav other reaources, snd some may bo badly crippled. For tho past two days reporta wore current that the Pennsylvaniu Raflroad Compuny hud beeomo indorsors on paper to tho amount of about $2,000,000 to raiso momey for tho construction of tho Tesas Pacific Iiallway, ouo of which notes for a largo amount matured yetordsy. Tho four was entertasnd that tho oxeltoment of Thurs- dsy might induco the partics tolet this noto go to protest, to bo followed by defanlt of payment of all itu follows aa thoy successivoly motured, The note duo yoaterday was pald, however, and it fs undorstood that soveral indorsors have agread todivide tho resyonsibility, and {uke up all the notea in ordor, This they are ublo 10 do, all beiug men of wealth, 1lud It Dbeew aunounced thot any prominent party conncoted with the Pennsyl vouls Raflvay Lnd gone fo protest, it wonld Liave lieen Impoesiblo to separato (ko Company from tho discredit of the iudividusl, and much injury might havo resulted, sud yet thore {s no fuancial connection whatover botwoen tho Penusylvanis Rail- way aud the Texas Pacifio Rallway, THE NORTHEDN PAOIFIO RAILUOAD, Gen, Nettloton, sgent of tho Northern Pacifio Nait- way, was at lus oflice, In the mscond story of Jay Cooke's building, last uight, sud mado the following sistement: Tho Iaflway Company loses nothing by tho suspension of tho bunkivg-houso, ss it i largoly fudobted fo tho latter, Tho Rtail- road Company hss uo floating-debl of ony consaqence usido from what it owes Jay Cooke & Co,, and has few Uabllities falliug due Lofore Januury nest, when half a year's intorest i3 fo Lo mot, As this la threo nionths off, it 15 to be expeotod that the stocks holders of the Company will by that thuo havo complotod other Anunclel Arrange- monts which will provent forfoituro, Who Tacifio Divielon of 100 1miles, conuecting tho Columbla River with Pugel Bound at Tacoms,is noarly finlatied, and this, with tho Eastern Division, uniting the Inkea aud Uppor Missourd, forms & completed sys- tem of rall and wator transportation which will scon bo profitable independent of tho furthor construction of tho road through tho imterior of the Continent, The Company bns earned about 10,000,000 scron of fta Iand-grant already, and ‘tho title to fhls s not dependont on tho complotion of thn llne, Tho fnlshed portion of tho rond sud tho Isnd-grant slroady earned being Loth mottgaged to securo tha outstanding bonds, Tho ule Umato aoourity of tio road ouglit to bo beyond doubt, but of courss thoso morigaged as- sots could not Lo turnod into eash at once, and it would bo vory unwise for holders of tho bonds to throw them on the mnrket during the prosent excitemont, Thoy nre worth far moro to Lol thun they are to uell undor prosont cleumstanced, Stata Troasuror Robert Willlam Mackoy arrivod in tho city yesterday to caro for tho State jutercsts, and will romain to-tny, 1o will doubtless carefully guard ono of our Btato banks {n which he has an interest. An intorviow with an official to-day developed tho fact that TITE UNION BANK COMPANY i alloged by » prominent bank President o be thoroughly gone, and it is said will scarcely pay 60 conts on the dollar. Thoy wore backed up yesterdsy by ono Lank on doublo collatorals, but to-day could got no msaistanco, Thefr doors aro surrounded Ly an anxious crowd, but tho officlala of tho institution have nothing.to ray. It was reported that State Troasurer Mackey wos o hoavy dopositor, but Mr, Mackey porson- ally dosiros us to sy that he has not o cent there, publicly or privately, nor hos ho any money anywhore that fain danger. Qov, IHartranft arrived to-day, but Lasno epocls mission, Thoeceno in TIF BTO0K DOARD tolay was vory oxcling, fhers belng mauy brokers present, and all woro groatly oxelted, Tho = mecono was nlmost indeacribablo. Mon wore fiylng sround tho room shouting themsclves honrse, throwing tholr bats up, yolling, thrusting up {bolr hands, bidding, melling, ete,, roquiring o constant uso of tho gavel by the Prosident to molntain what aid mot evon appronch order, Tho First Bosrd opomed with n vory buoyant feollng, with Targe salea of Roading nnd Ponnuylvants, tho latter bo ing In great demand. Preacutly tho besra’ got control and began o lieavy movemont, which the bulls resisted tenaciously. Then, however, dissstrous nows came from Now Yark of hoavy fails in_stocks, and the bulls @wo way (o tho bears, ollowing tho latter full control fora whilo, When the prossuro ceasod tho bulls went in again snd held the markot stoadliy, Tho firm of Oarlyle, on Third stroct, small oper- ators, fatlad carly in tho day, The Btock Exchiaugo has not closed, Until further orders from tho Presldont, all operations in tho stroot are probibited on o penalty of expulsion, INOCIDENTS OF TIIE DAY, Yentorday aftornoon & rumor obtnined currency that Mr. Knight, broker, of No, 136 South Third streot, and s member of tho Board, had boen obliged to suspend, oud in the lhurry and oxeito- ment it obtained s placo in somo of tho evening papers, Wa aro happy to atate that thoro was 1o foundation whatever for the report, Mr. Knight weatliored tho storm of yesterday succos: fully, and was thou, 0s L ia now, 83 sound as a wook g0, Tho great houso of Drexel & Co,, No 6 South Third stroct, remafus as stablo as & rock. All tho morning thelr office has boen crowded, but the run has boen for the purposo of gotting rid of money, and not to clamor for it. Persons wishing to make an fnvost- mont of tholr currency have beon obligad to taka thielr places in » long linoand wait their turn fora chanco fo pass their money over thio counter, Pannsylyania appeara fo have beon_tho favorite atock sought, and the oporations of the Droxels in it Lavo been vory large, ‘The Cashier of the Union in Now York gavo the fol lowing statoment: “Wo havo a larga number of depositors to whom wa silow 4 per cent, and, fn addition, wo have avery large country correspond- ence, Univera: distrust, which tho evonts of tho past fow dsys las caused, selzed tho holders of our papor i tho interfor and brought them down upon us, Tho result was that wo were drainod, We oxpectod this, but not to the degroo that was realized, Wo havo s long lino of call loans, and from this wo hopod fo realizo cnough fo carry us through, We are now engeged upon a formal statoment, but probably will not havo it finlebed boforo Monday about noon.” This statemont iaall very good, but it is my decided opinion, formod from conversation with somo of tho most eminont financlers in this city, that the firm will NEVER REGOVER, At prescnt, T can etate on good subatantinl authority that they cannot pay 40 per cent, AN INTERVIEW WITH A DANE PRESIDENT, Tmmedistely upon the roception of the news of tho promised action of tho Secretary of tho Treasury, 8 reliablo friend of min called on tho President of the Bank of North Americs, and gloaned tho following : Mr. F.—The Becrelary of the Tressury has announc- od that if tho $10,000,000 which Le haa sot afloat will not relisvo the community ho will fssuo $40,000,000 of grosnbacks, which will be the end of that procedure. Mr, Bmith—Thst is as you ook at it If the Soo- retary of tho Treasury infenda to placo thoe $40,000,000 in our depositories fortho usoof tho banks tho re- Iiet will undoubtedly be felt, and with tho anticl~ pated result; but if ho morely intends to buy up that nmount of five-twonty bouds, it 1a doubtful whther that result will be achfeved, Mr, F.—\Why ? 2r. Smith—Becauso, in the prosont distressed con- dition of tho community the people loso con- fidenco in corporations and mecurities, amd hold on fo thelr bonds a5 tho murest iuvestment thoy have, These it is doubiful thoy will purt with to sn amount sufficient to havo tho of- fect that Is desired, ay tho Government will only buy theso bonds. It wil bo Geon fhat fho Secrolary conuot get & lsrga quantity of thom. A largo smount of greenbacks cannot in this way bo rolessod. If Lo intends to placo tho money so that the panke can have tho uge of it, thou tho relief will certainly come, reAns. Tt feared that the oxcltoment will beagain renowed on Monday, Many of my commercisl fricuds iu Wilmington and clsewhero havo beeu in town to- day, Somo drow thair funds, and othars concluded to walt, I bear that & number aro coming Loro on Monday from Reading, Pottevillo, Chester, ote, Iicsl- donts of Camdon, N, J,, sro foarfully excited, and T firmly boliove that not twenty of its residonts bevo fatlod to draw thelr sccounts, 1o the Associated Press.) FAILOLES, PrizApzrrnis, Bept, 20,—Tho Unfon Banking Com- Py Jian failod. ° Thia Lank i a Stata chartor, aud ore o hicavy run yesterday, At Jay Cooke's tho clerks are_proparing s atatement to'ba lald beforo tho membors of the tirm on tho ar- ival of the Prussia, on boned of whick aro two of the ‘partners, e WASHINGTON: Speetal Dispatch to The Chicago Tribune, WASHINGTON, Bopt, 20.—As usual with the excite- ‘meut-surfoited peoplo of this District, the intenso in- tereat in the progress and results of the panic occasion- el by the suspension of Cooke & Co,, and tho fmmenwe other coucorns who, tirough sympathy, followed the Hllustrious examplo of thelr superiors, haa ulroady sub- slded, and almost disappeared from nearly evorybody nsldo from o few Treasury ofticials, aud tho com- paratively emall number of intorested partica, The lstter watch prelty closcly the reports from Now York and elscwhore, bocanso they arobo bulloved to be Indications of what may bo ex- pocted in ono or two inatances hera In case of a contin uanco of the panicand consoquent run by depositars upon the banks with which they do busiuows, Positivo asBuruncees aro givon by tho city pross that thera is no likelihood of the fallure of auy of tho banka hero, tho ovening papors stating with satisfaction tuat whilo the financlal skies in New York nro bisck and stormy our own are clearing up, aud tho assuranca fa felt on all sldes thut TA% WONKT 18 OVER, B0 far sa this clty I8 concerned. Groat expoctutions woro based upon the direction given lo tho Sub- “Trensurer at Now York to buy $10,000,000 worth of Dbonds, and a good deal of surpriso fs expaessed by somo pereoun bocauwe the eutire amount was mot promptly offored for #alo and bought, and that thero should hove boun any furthor trouble in tho money market, In othior words, it was expected that thio material, togethior with tho morsl effoct upon tho Wall street gamblora of the interference or PROFFEUED NELIEF LY THE UOVENNMENT, would {mmodintely sllay all excltement nd bring abotit an early resumption of legitimate business on o beltor and more socure foundation than it stood bo« fora tho oxeiting panio bogun, Tho fact appears to bo quite ovident to sl that the proposod purchaso of bonds is ot only NOT OF MUCH ARRINTANCE to the market, but that the offers of bonds for salo were vory meagro, and ths markot has been quita ny 1€ not moro foverish sinco tho purposo of tho Treasury was miads kuown, (han on theday provious, Itia well known that the Becrotary of the Troasury hud no - intentlon to take uny notice of tho condition of affairs a0 long s« it scemed reasonably cortaln that tho Goy- ornment was not likely to bo seriously fnjured, or tliat at loast it would not go o tho rescuo until ss- tance was absolutoly mecessary, Ilis sction fs, therefore, construed tomoesn fhuthe decmed one or the other of the abovo contingencios hsd arisen, or thiat ho kiud rocelvad POAITIVE DINXOTIONS FHOM THR PRESIDENT todo an o has done, Iu view of all the cirowmotances, the lattor fs decidedly tho mont probable. It fa .sofo fo sy that no deaft will Lo mndo uipon the legal-tender rosorvea unless it nppears that thio purchiasa of bonda 1o the full amonut orderad {o be purchasod, or to tho full smount of the ourrancy balatico in the Troastiry,—nonrly $15,000,000,—in elthar to0 low or inadequato o ronder thie atd Intendad to bo gven by tho Govornment, Withial, howover, Sacre- tary Riclirdson win muoh inor chetrful_nne sppars ently casor in hia mind to-dny than e has been liico tho prescut exeitement hegan, Tho Recelver for TUE FUAT NATIONAL DAKK, of i city, hegan liw_investigution fo-day, bt will not likoly D bl tn mako an Intulligent retirt tn tho Qumptrofler of tho Currency carller thun Tucsday or ‘Wednesday noxt, S BOSTON. Speetal Diapatels to The Chicago Tribune, Tioato, Sopt, 20,—Tho panio 1n Now York bina not much affoctod this clty set, oxcept in tho way of at tracting nitention and niaking talk, ‘Lhs clty hinn not for noveral yoarsbeon » atock market. Tho brokers hore aro fow, and most of whtovor busiucss thoro ia s transacted in Now York. There in a GENEMAL FEELING OF REGUITY T both In financtal and commercial ciroles, Nothing ap- proaching toarun on sny fnancinl fnatitution has ot boen mado. If anything, thero ia rathor loss than tho usunl domand for monoy, and doponits aro mado as freoly and confldently an over, Yealerday somo bauks reported an uhusual numbor and smount of doponlts, Considoratilo moncy {a moving on ta. Now York, somo of it undoubtedly “caplinl socking inveat ‘meut St atock at bottom prices, Thora hina beu o fear Teat thero might bo somo fafluros of business hotses, but tho approliousion u foundod outirely ou o euppo- sition_that merchants may havo been spoculating through tho agency of New York brokers to an_oxtent unknown to thelr frionds, Nothing, howover, baa yot oceurred to justify tho suspluion, Extenslve Inquirics on tho street result In finding NO PRRVALENT ALATM, but s genoral disposition to belove that the flurry will yass without soriously disturbing our affairs. One capltalist, perhapa conatitutionally inclined to look at 11 dark aido of thinge, profosnod to bo & good deal alarniod, Lasing Ly Judgmont on tho fact that tho k roports all show Inrgo eums duo from otlior K, A Inrge part of this, e sid, was of tho naturs of resorvo doposited in New York buks on interest, and by thom Joaned to brokers for purposca of apocile Istion, Tho Buspension of 8o many brokors would, io thought, CRIPPLE TIE NEW YORT DANKS, 8o that thoy would be unablo to rospond if called upon, When tho Betropolitan Dank fafluro was spoken ~of ma tho failuro of o brokora’ bank hio said they weroall brokers? bam but that gentlonian wan solitary in his gloomy view. of tho pruapect, Anyet businées mien do not appear 10 linvo taken aiatm, nud not a fow of thom say ‘BUSINESS WILL PROFIT Y IT {1 the thing dovs not go too far, Bunka tht bave 8o Iong mado e of their funda (o foater stock speculs~ tions, dolaying merchanta in good standiug and doing o logltimnte buslncas, in ordor to accommodnto tho Brokers and spocilators whocould and would pay moro for monay thun businoss men, think they will bo de cldedly the gainora when confidenco in established, provided (ho pania can ba contined totho intcreats now chlefly affected, (70 the Assoctated Press). Bostow, Sopt, 20.—On Woduesiay last the firm of Horsco Conn & Co,, of Auburn, Mass,, exteusivo Jeathor munufacturere, suspended paymont. Thelr Habililen aro §100,000 tholr smsets oro $160,000, Binco, tho suspen- slow, Inrace Conn, the soiior partuer, has disnppoar- ed, cutking gieat anslety to hin family and frionds, Boarcl: Lna bocu mado In all dircetions, e ST. LOUis, Spectal Dispateh to The Chicago Tribune, 81, Louss, Mo,, Sept. 20.—The failuro of Joy Cooko & Co, occasioned somo talk n St. Louls, but produced no oxcitement, Our city nover had much to do with that firm, and_bas had fow apeotlativo utorcats in common with Now York. Tho Announcemont yeator- day that Fisk, Hatch & Co, und ofhor woll-known Eastorn houses had ylelded to tho prossuro producad 8 moro startling offect. To-dny has beon about tho dullest business day over known hore, values bolng nsettlod, Thore have beon comparatively fow com- morcial transactions and an almost Sabbsth quict hms provalled on 'Chango; still it can- mot bo ssld (bmt thora {s auy positivo foar of danger, only thero oxists undefined alarm that pre- cedos any Indoterminato ovil, All the lorger banks lavo disconnted na usual to-day, aithough thoy may hiave seaumed the papor preeented o littlo eloger than on ordinary occaslons, The smaller banking {natitti~ tions hava been moro guarded. Thero Luvo bean o elgus of & Fitn o1 by bank ; i fact It Ia not kuown that any depositora hisvo' withdrawn their money through fear of loslng it, 1t was romarked this after- noon that tho number of Saturdsy depositors ot tho paulogs bouks wus smallor (han cominon, & clrcumatsnco which might bo varloisly interproted. Thre aro slxty-two bunka fn §t. Loulw, most of which Liavebeen manioged in o manner to comport. with tho genoral Lusiness choractor of 8t. Louls, whicls, us overy one kuows, fs decorous to tha verge of fogyfam, Many of {lio smaller bauks dopend strictly upon Ger- miau patronnge, and, as the financial stringency come pols tho stockloldofa of theso to pay up, oto good thing will have been nccomplished, A conforetico with o large number of bankers and commerclal men shows that notling 9 fuared escupt & blind, unreasontng panic, and this 38 not seriously sxpoctd by any one. I cuunot dircover that any of thio ausponded banklig firms at the Enatwero the cor- respondents of any of thobauks iu 8t, Louls, 8o there aro o0 direct lonses, Tho failure of the firm of Tansslg, Tisher & Co,, in Now York, has caurcd the suspencion of Taushig, Gimpp & Co,, a ralirond stock-broking firmdoiug ‘ustzicss on Third streol in this city. Thoy did littly or na goneral business, and thoir susponsion will not bo much felt fu commeretal_circlea, They aro confi~ dont, howover, of reauming, and ay that nobads shall losen cont by them. ‘Tho Gorman branch of this houss hes not beon Lieard from ue set, The busi~ nesson of 8t, Loula will atund by tho bauks to. (ho Iast, If the hour of adversity comcs, Mr, E. D, Jancs, Presidoit of the Socond Natlonal Bauk, aud one of tho most intelligent finauciors In the city, gives me tho following reasons for tho monatary eriula’s For somo years back American socurities have been gradually dopreciating in_ Europe, and for th Inst year bave beots almost unmatketubo, bocauso ov- oral Yoads have defaulted on their intercst, and some Lue imprudently offered o pay In currency instead of gold, Europe ks been our murket for chénp, money, and ilioro i whore the funds hava como from to give s our railrond facliitios, whilo we hava ncoded tha pro- Qucta of our own crops fhiera for our own coumoreial tramactions, Tho criais hus boon eausod by tho fail- wroof thoso banking housew that have been largoly sdontificd_ with unperfocted railroads, Auch as Jay Guoke & Co., connected with the Northern Paclfic, sud sk, latcl & Co,, intercstod in tho Chesaposke & Olilo, 'lhe remifléations of thuir failuro arv exten— sivo, and disturb the entiro monotary world, Thero reully ouglit to bo no gencral crisis resulting from tho failutes of thcso Arma, Ausoon us theso men, who have been lurgo borfowers, aro out of the way, monoy will flow agsin in its matural chiannels, an thiere will bo » greator financlal quictudo than’ thers bas boen in tlo country for_many years. Tho erisia iu also likely to_produco a check on tho unbealtly ex- tousion of railroads, as bankers will n_ tuture boslow to meddlo with th Everything_now is in favor of tho West, If overy bank fi Now York should fall It ought not t6 soriously injuro tho Wostern Slates, and aa soou as the cr commence moving, money ‘will bo abundant overy where, Tho crops Bouth and West aro good aud tho scuson whould bo prosperous boyond tho ordinary, Tho bulwnce fn New York fs Inrgely In favor of {he West, ad tho crlsia como whien 1ho easu was dihorwiav, it would havo boon much moro disastrous, Mr, Jonea sald furiber of tho com- ination of tho New York banks for thelr mutusl ben- eft, that it wau a good thing, aithough illegal, It was in {ho nature of o war messuro, aud oxcusblo, llo alno expressed the hopo that tho Secretary of iho Troasury would anticipate the payment of the Novoms ber and January jutorest, as it would give great roliof, A meeting of baukors' ia tolked of hore, but la uot vory probabio, el THE NORTHERN PACIFIC, INTERYIEW WITIL BUPEIMNTENDENT MEAD, Special Dispatek to The Chicago Tribune, 87, Pavr, Minn,, Sept, 20,—~The Dispatch this even- ing publishes an interviow with Mr, Mend, Gouoral Buperintendent of the Northern Pacific Road, which glves 08 fair o statoment of Norihorn Pacific matiors an can bo obtalued hore, The following is a portion of tho Interviow : Roportor—Tliero {4 vory goneral fmprosaion, Mr. Mead, that tho fuiluro of Jay Cooke will stop (ke fur- ther prosecution of tho work of the Northern Pacifle, Can you toll me what tho prospect ia in that direc- tion 7 3. Mead—T do not know ; only that T huvo liad no fustructions to stop operutious, A month ago tho Company dotermined to go abead sud mako somo large expenditurcs, propariuig the road for wine tor by uildiug snow-fences, ¥¢, I huve rovelved no ordors 1o stop, and iufer froin this that the Jay Cooko Tuilure will not suspend onr work, Tuporter—"The contract for building sdditional road Lias not boen lut, I Lotleve, M. Meud—No, sir. Thi bids wero opened last weok Wedeaday, and thero wero s 4ood nsuy of tiom re- quiring » great deal of computation. Bome pariles Nayo Leen notifiud that they would not get the con= tract, but no nward Lis beeti made, Ttoporter—Liow wmuch did you desigu to bulld this fall A, Mend—Tlio contract {0 bo Jot was for 205 miles butif was only eapected to grado 30 this fall, an Tuy tho fron fu tho opring, That would taky us 10 the Lbed, “Reporiér—Do you think this work will bo prosscuted atonce? 5 Mr, Moad—That I can’t say, Cooke's falluro may delay mulfers, 1 kiow, four weekn ago, when our folka met i Now York, oversthing looked favarablo, “flhery iavo never bren but $30,000,000 11 150 bonds authiorized, sl up (o that time $25,000,000 Lad bee sold, The other $7,000,000 Geu, Cuss aud somo of 1ide friondls arrangod to tako independent of Jay Cooke, and this fa what was relled upon to build “the 205 miles, Now, T eun't say what eifect tho failuro of Ju, Cooko may lave, but I kunow the §i0,000,000 wero ufl {aken, and_ (o Jutontion ws, when the otlier bouda wero lusued, to muko thiom Lear 6 per cont, Reporten—Iu tlio Northern Pucllo owing many bills hora or In {lis Blate T Mr, Mead—Wo are owing nothing beyond onr wmonthly exponses, which the earnlngs of tho road Iect, ozcopt what hos Deen coutructod within the past three woeks, We sottled the last of our. old bLills threo wonths sgo, About threo weeks ugo wo commenced muking o contract for snowfouges, and ‘mukdug_ other propurations” for winter, We oxpoct to expend sboul 15U,000 u this wark, and theso recent contracts comprise'all our fi- debtednoun, This oxponditure I ave lad uo order fo atop. As to tho general finaucial aituation, I can add but ittle to my telogram of yoaterday, BT, PAUL ALL BLOMT, Thoro is intenso futoreat, Lud nu excitomnent, aud and it fa cstimated that® though the nows to-dny wan recslved with nomo alarm, thore fa atill & gonoral Lelief that tho crash will n bo goneral, ~ The Casblor of ono of our load. ing “banks told mo thin afterncon that thoy had pofd out to-lsy & large sum o an army Paymantor to pny traops, and andther Iargo amoutit to an Indun Agent, aud still thoir deposit showed an fncronno of oiirrelicy ovor tha amount on liaid Iaat night, Nono of our banks aro losors by tho failuro of tho Now York liousen as yol, T M, Myors was agent for tho aalo of 8t, Paul bunds, but’ the city does ol logso by his foflitro, Tmot & man to-night who lins Just como dovn from slouy thg i of (o orthorn Pacifo, Tfe swn tho peoplo along the lino think monoy was seourad indoes pendent of Jay Cooko to oxtoid tho road for 200 milles, and, thongh they fool uncasy, do not ontertain any oapocial alarm, “THE 8T, PAUL & PACIFIO, Tho Ton, Georgo Ti Becker, President of the Bt Paul & Pavillo Raficond, disclniths suy connoction with tho Northorn Tacifle, 'le (hiuks tho fafluro of Jay Cooke will oporato to th injury of Westorn ratlrond onterprien generally, | lis Copany was once nold to the Northorn Pacific, but the cousideration failod to bo mot, ——— MILWAUKEE, Spectal Dispatch to The Chicago Tribune, MiLwauknz, Sopt, 90.—Thoro 18 moro or loss oxclle- meut fu Onancinlaud commorclal clrcles hore, owing to tho panic iu New York, Monoy §s searco tho banks not being diaposed to lend oxcept to regular custom- ers, preferriug to keop thoir means woll in hand for ‘use iu futuro omergencles, No auxioty is felt forf tho Lauka liero, ns theso fnstitutions have part of thelr ro- ottrced invested in the Woat, having provious to tho Jrule, demwn tholr Now York Lalneea down to_thio ioweat polut ponsible, to enabio them Lo assiat in mov- ing the graiu-crop, ' Busincss continucs active in ait depariments, Country colloctions aro good, and mer- chants woro nover beforo in a bolter condition to stund » panio Liko tho presont one, e CINCINNATI. Spectal Disvatch to The Chicago Tribune, ONGINNATI, Sept, 20.—A comparatively calm fecling continues to prevall in financinl snd commercinl eir- cles, Nothing has transpired to injure tho crodit of partlen bere, Local rumors are scarca and of slight importauco, The demand for moncy to-doy was 1ib- ral, out not pressing; nnd thu bsuks, while disposed. to keep thomselves in n atrong condition, woro gener- Aally able to discount all of tho acceptablo paper pro- sentod by dopositors at 9@10 por cont., with tho insido rate prevaillng, Outaldo of bank, somo negotintions of prime business paper wero mado at 9@19 par cont,, bnt the offerings wero not large, The demand waa ilght, Tho bauke, at tho close, wore generally in a stronger condition than usual, llm‘ln{( concentrated their ‘meaus fato convenlent and readlly-acceasiblo slinpo, (7o the Associated Press,} CINCINNATI, Bopt, 20,—The fecling in financial cir- cles bero continuca tobe one of confidence. Third street to-dsy hns been free from excitoment, though intelligonco from Now York hns beon watchod with gruul Jutorest, aud Line been frecly discusaod, No paper a8 gone to protest, and the banks gonerally have been caring for thelr customors, though tho past fow days have been diligently used in preparing for ovory possi- blo omergoncy. Thowerchants and monoyod men of tho city ulmost uniformly believa that Ciucinnatl will 1ot ba serlously aifoctod by tho storm which is raging in tho East, e PITTSBURGH. Speetal Dispateh to The Chicago Tribune, PrrTavunan, V., Sopt. 30,—~Tho continued promi- nent fullures in New York and Philadelphin to-day caused flood of oxcitoment in thia clty, sud msny wild rumors found curroncy. It was roported on tho strects that soveral prominent private bankers, who are largely Intoreated in varlous railrosd-onterprises, ‘woro about to auspoud ; but I could trace the rumor to 0 relfable sourco, Tn my interview with sovoral prom- inent bankers aud merchants to-dsy, they scemed to take a very hopeful view of the fluancial situation 80 far o Pit{sburgh in concerned, Our city is not much Interested outaido of thocapital {nveatad in our banks, and thelr deposits uro thoso of manufacturcre, who aro engaged ight lore {n buaincan, Tho suspenelon of raflroad.onterprinen will badly offoct thi city, which ia greatly intorentod iu o mnuufasiuro of ralls and rallway-munterial, Auy roporta which may come from this city regardinig fafluren of bankers, 50 far as I can sscortaln, 1 can uay aro unfonnded, o SAN FRANCISCO. . TN TACIFIO MANKET NOT AVFECTED, Soeciul Dispatch to The Chicago Tribune, 8ax Fiuxorsco, Sept, 20,—Tho financial condition of the country {s the absorbing topic of couversation in morcantile circles and on 'Changs to- day, Bo far, Paciflo cosst intorests havo not been compromised by tho ombarrassments Easf, No troublo s spprelend fo gouera businosr, except tho Increancd degres of caution fnc- dent to uch o stata of things, Thero s o modorato Lusinss n mining stocks, bt prices are lower. Logal- tendorn aro unmottiod, brokers buying st 833 and peling ut 80w, ' Tho oxport trado s boon oxceed. ingly activo tho past weeks, Tho Panamn steamer sailed yesterday with merchandino and produco to_the valuo of $127,800, and $400,000 in troasuro. Tho China stexmor'anilod with cargo valued ot $99,000, aud $115,000 in treasure, Import trado activo, 'Redl es- tato markot brisk, e DUBUQUE« Spectal Dispateh to the Chfeago Tribune, DuBUQUE, Ia., Sept. 20.—Tho bank foflures in tho Eastern citieu scom to havo 0o effock licre § uor is any apprebonded. T MONTREAL. oxTneAL, Can,, Sopt, 20.—Tha ol offect hora of the panic in Now York has been to make our bankers moro cautions and less willing to let out thelr funds, which are amplo for ot legitimato commerclsl de- mands, Tho discount rate for good bills varics from 7&'.1 E,]J)ur cout, accordiug to the standiug of the numes offered. —_—— TORONTO. Tonoxro, Can,, Sept, 20.—I1. J, Morae & Co,, hank- era and brokers, il {hls city, have auaponded, ovwing to {he failure of Jay Cooke & Co,, and other promincut houses in Now York. P BURLINGTON, 1A Duntaxatos, In, Sept, 2—Tho Orchard City Bav- ingy Bank suspended at 19:30 p, m. —_— ABROAD, Towboy, Sept, 20.—Tho Loudon Times, commont ing on the Ananclal punfofn Now York, woya: “In Fiowat_ tho exteaordinary prospity of tie” United States, and ho high prics of ts Goyernment bonds, tho present gust cun but bo rotnarkod o simply sn effort of the inancial eystem to got rid of its dislionest clemont,” Tho fiatly Telegragh sasn: ¢ Such local ronblos o the suspeusion ln New York scems to be are merely tho rank outgrowthof an oxuberant prosperity, and tho nceessorivs ton progress which doca not fora moment hult, Loxno, Bopt. 20,—Dlanatches from Fraukfort, Hamburg,' Bremon, and Viennn say no failures liave aceurrod In thoso Cities on econnt of tho New York ‘panic, but that much anxioty cxiste, TLoNpoY, Sept, 20,—Thu Continental Bourses aro dis- turbed by hows from Now York, WaSHINGTON, Sopt, 20.—Tho following was raccivad from London to-duy by {hio Socrotary of tho Treasury : #Tho Syndicato account s i perfoct order, Thers s universlly & kind feocling toward Jay Couke, McOul- Tock & Co,, who continuo busiuess av ususl, (Bignel) WA, G, CatrELLY s CHICAGO. From the Duily of Sunday. THE NEWS RECKIVED YESTERDAY of continued finaucial disaster and excitoment in Now York, caused no corresponding flurry 1n this clty, Thera woro o fow nervous pooplo who {magined that everything was going by tho board, and that thelr dol- lars wero ouly afa in thoelr pockets by day, and under thelr pillow by night. Dusincss wont on 8a ususl, no event of Importauce transpirlug unloss the tomporary suspension of tho FHANKLIN SAVINGS BANK —a minor institution—could bo g0 regardel, The savings bauks did no moro then thetr usual business, depositora handed i thelr money with undiminished confidence, aud the amounts druwn out were not groater thau on any ofhor day, Bunk officlals felt serone, ani looked npon tho panto fu New York, aa ano of tho fncldouts of reckless speculation which could not materlally nffect institutions whoso oporations woro Limitod to logitimato transactions, Thoy did notan- ticlpato unything like a run, TIE HAVINGS DANEE, Mr, John O, Halnes, Presiidont of tho Fidelity Bav- ings Bunk, believed tho panie was practically over, and thiat thero was no ocession for alurm, Delng oaked whother, Iu ease of & run, tho saviugs bauks would ap- ly tho sbxty-day rulo, ho eald thut, I wuel an ovont, they could taka advantago of tho clauso in thoir char~ tors, according ta which the dopositors are compolled, £ Wio bunks demand it, to give aixty daya'notico bo- foro thuy can withdeaw tholr nccoun Hanea did not beliove the notica would bo demandod, Thero had beon no unusual domaud for monoy at tho Fidellty, Mr, J, V., Clarko, Prosident of the IIDENSIAR BANKING ABKOOIATION, anothor savings fnstitution, saw no occasion for ez cliement, and felt sure there would bo uo trouble, Liko Mr, Hafues, le could not forcseo any uccesslty for' onforcing tho time-clausa, Uo was opposed to It on principlo, nud tho failuro of a lot of brokers In Now York could not damago Westorn banks, and woukl not bo hesiled excopt by u fow who wero foltering anyway, and might tako advantugo of tho searo to closo doors which, in any cako, could uot bo lang kopt open, Thoy wero propared to meot all domauds upon them, como when thoy wight, r, Weatfall, of tho MERCHANTS' FARMENS' AND MECIANICS' DANK, hiad nothing to say, Lut that things were moving slong au usual, without anythiug to bo fearod fu the future, o belloved Now York hnd scon tho warst of it, and that tho ozeitomout would at once subsldo, A, UENRY GREENENAUA belfeved things wera comtug ot ol) rlght, and that it tho Governmnent camo to tho roliof of tho Now York murkot thero would be no moro fallures, Accordiug to tho charler regulatiug tho eavings dopartmont of hia bank, depositors alwayn had to giva tirty dayn notico bofors drawing a largor amount thau $100, Thoro was 10 causo for alarn in Chicago, “Tho Cashior of tho BTATE FAVINGA INATITUTION had given no thought to the tme-clauso, Tt would he s0on enotgh to tako 1t into consideration whon alf the banks in New York hnd fafled, Ho ciuld discorn no indication of a want of confidencs iu Cliicago, aud en- tortained no appreliensions of disastor, Tho testimony of tho MOST EXPERIENCED OFFIOIALS of savings inslitulions was to tho offoct that Cliteago waa porfectly mfe, that the punio in Now York wae areatly oxaggoratod and that thn oxplosion of unsound {ustitutions would place onr financlal affairs on o firm Uasle, aud fually atrengthon tho foundations of inati- tutions dofug & legitiato banking Lustucss, THE TAILROADS, With the view of. nacertalning tho offect prosent, or probably ta result, from tho momentary panie, upon {ho movoment of tho cercala of tho gront West and Northwest, a TIBUNE reportor sestordey called upon tho General Frolght Agents of the Chicngo & Norlhwestorn, Chicago, Burlington & Quincy, Cbicago, Tock Island & Taciflc, Clucago, Alton & Bt. Touls, 1IlMinols Central, und Chicago & 8t Paul Ratlwny Companies, ond had tha pleasuroof an agreeablo brief sutervicy on tha subjoct with theso soveral gentlomen, In thelr statomonts, ‘mado separately, thero was a perfect accord, and thelr views 23 to tho probabilitica in caso of o continued rovolutionary movement in the money world wore {dentlcal, Tho Agout of tlio CITICAGO & NONTIWESTERN #uid advices had not been recolved in tho general offica from tho varlous divisions of tho line ns o tho flling of cars sinco ‘Thuraday, but upto thut timo tho cars had beon loaded with grain by day and night an fast as thoy could bo supplied, snd on Friday tho demand for cors had been 8 trong and earncst as before, That demond lhnd been for #0 many cars fhat tho Company could not traneact all the business offerod, If sinco tha orders for cars on Friday, shippers lind refused to avall themsclves of thosa ‘offerod to tranaport the grain, tho knowlodgo hnd not yot reached the central offico, 1t waa certain that the producers and hip- pers of tho Northwest were anxious to hurry forward thelr cercaln, and tho toady and fuir prices moins tained in this city encoursged them to regular and raudd alipmonts, it it the Anane efrelen elonld bo tinch longer agitated, It would undoubledly reault in a dissrrangoment of trado temporarily, sud o went of confldence in the standing and g0~ ourlty of buyers or commbhslon mon would more than countersct the deelro for gain in rapld shipments for tho present market, This wauld result in & temporary holdiog of grain and s conrequent falling off of frelght receipts during the anie, But, 8o fur as had been developed, thers hud een no auch rleoroaro in shipments, and thera was no present occaslon to antlcipato such a result, Mr, Smith, General Frelght Agent of tho OI1ICAGO, ALTON & BT, LOUIH, 531 thero wan no decreaso in_rhipments on i road, Tl bulk of gralu transported on thin Lno $s corn, and it §8 usually bought und shipped to fill sdvauce salea ‘made deliverablo a month after purchase, Tho Agent of tho 3 OHICAGO, DURLINGTON A QUINOY #atd tho demand contimicd as brikk as ever for cars on their line, and they did not anticipate o falling off. He did not think thero would ho any decreano in ahip- menta, unless (he bauks found thesmoney morket 50 closo that thoy were compolled fo refuse favors to commission dealera, who, belng thus crippled, would in turn bo compelled to limit advances to ownors on shipments, This would, of coursq, result in s cessa~ tlon for a short time of the rush of cereals tothe market, But this was not yet porcoptible, nor eould it be for sovoral days, if tle rewult foreshadowed was occasionod at all, THE OENERAL FEELING among raflway munagers fs ono of confidence, and o fears ara entertalned of a stoppage of traneportation until the great bulk of grain has Leon forwardud to the Esstorn markot, PESTILENCE. The Yellow Fever at Memphis, Mrstrais, Toun., Sept. 20,—1Tho total uumber of deaths from: all causos during tho past twenty-four hours was twenty, of which twelve only wero from yellow fover, o decrenso of 100 per cent sinco yesterduy, tho deaths footlug up twonty then as reported, This fact, when made public in the mornlng, will cffectually put o atop to tho panie that ks provailed sinco iis first aps poarance, and, should 1ho weather contlnno cool au it now i, the probabilities ora that many of the busivess men who Teft tho city with their familics carly in tho weok will return, Tho rapid deereasoin tho deaths was first noticed at noon to-day, when but sixteen woro reported, ngainst twenty-two tho day previous, To- night a visit through tho locality first infected,—Tappy Horlow and Pinch,—showa but_ fow new cacs, less in fact than was auticipated by tho most sanguine, and the physiciaza reporta majority of them doing well, Four or ivo of the casea scatterad about tho city, mene tioned in Inat nights telegenms, died durlug thie night and this moruing, even thongh they had good care, ‘anong them two on Mudikon elreef, ono on 'Second street, und two in Chelses, = Tho majority of tho housca nnd small stores 41 the tiortl part of {he eity arostill kopt closed, snd in Pinchand Happy Hollow tho buruing of tar bus been kept up during” the day, and_willbs contiuned through the night. The Relief Comumittee have now an amplo number of Durees, and aro dtributing foud and clothiug fn large quantities, The weveral Catholle schools In_this parish wero closod this morning, aud the sisters teaching them tendored thelr sorvices na nursea for the sick without charge, The expenditures oftig sovoral telef Commiteos up o the prosent inia will foot up uearly £5,000, leaving them o bulunco suf~ ficiont, it {8 thought, to_carry them {hrough tho come ing woek, when, wilhout another sudden’ chuuge in the woathor, tho'worst will Lavo hen o It s statoll to-nfght that the Board of ilealth, fecl ing sore, perbape, ovor tho editorlals in the city papers, cunsuring their courso during tho yellow fever, have oue uud all tendored their resiguations, The Yeliow Fever nt Shreveport, La. Swecial Dispateh to The Chiewo Tribune, Mzreuns, TESN,, Sepl. 20.—A lotter dated Shreve~ port, the 16th, and reecived hiero to-nfght, suyu: “ Tha plysictans refiort the epfuemic at it nuxinin. Thero were twenty-rlx {nterments to-day, and thir acven yestordy; but it g8 still raging with féarful malignity, Somo of our most [roumtnent young non v died. Tho blaeis, a0 tor, avo not sutfered to uny estent, thelr avorage being sbout two deathu per duy, T find that it Is not newr vo futnl a8 at Aivst, which T suppone is owing altogether to tho nurses understending it better The mails ora 41l ruuning outhe Tallrosd andfho Mouros atage ne,” Cholern nt Oscceoln, Aric Special Dispatel to The Chicana Trioune, Merins, Teun,, Sopt, 20,—Pansengers who ar- rived bore {0-day by steamer from up tho river stato tlat for severul days pasit tho Aslutie cholers g pro- Vallod at Obceola, Ariiy u aunll town forty miles shove here, ond thut thiere Wero some six or “voven deathy therd yosterday, Tho uegroes are all louviug the town, and tho cotton-plckers ou the plantutions in tho vicinity ave getting away as fast ns they can, Tiia will serlously nconvenieuee the guthwring of the erop thero, and, nuless the panlc subsides, there will Lo mucki cotton loat, CRIME. The Exact Amount of Collector Mars per’s Defaleation == An c=lepiitys Collector Arrested for Mmbezzies ments Special Dispateh to The Chicaqo Tribune., SrRraxriiLp, Sopt, 20,~The oficial report of the defaleation of Colleetor Harper, made by the Revenue oflicers who were investigatinglt to the Commissiouer of Tuternal Rovenue, wlates tho exact mmount to be $104,609,02, 1t will by seen that this n over $2,000 Tess thun was at first reported, ‘Fho orror wus in’'the stamyp-ecount, which 18 now but very Jittla short, Tovl B, Parsons, ex-Deputy-Collector of the Eighth District, was arrested yosterday ot Pukin, aud brought to this city to-day, "He fa charged with havin embozzled certuln ‘moueys belonging to tho Unite States,—{n_all $1,000, e walved wn exmmiuation, and gavo bail in §5,000 for his appearauce at the Unitod Blales District Court to by holdon hore in October, A Womun Murdered, Speetal Dispteh fo The Chicaga Tritine, DANNESVILLE, Sept, 2,—Mre, owen, residing at Fairviow, O,, wis fousid dead abont & weloek yester- Jay ovenlng, n whort tistaneo from Ler home, i a ravine, In 4 manglod aud brutsed condition, evidently eauned by violence, A the Coroner’s fquest to-day, 1ho evidinco wan of sich a eharacler o render Lig aflair mystorious, Nothing of a positive naturo de~ veloped, though clreunmintices point to_her husband, Dachd Howou, i th gullly warly, Wlfegallon ot Whisky was consumed by the partics during tho day. . OBITUARY. Congressman Wilder D, Fosters ‘Sveciat. Diswatch o The Chicago Tribune, ich,, Sept. 20,—Wikler D, Fonter, & Momber of Cougrens for thfs District, died at his res fdonco In thin city ot 7 o'clock thls ovnfng, Mo ro- coutly roturnad from o threo montus' visit to Clifton Bprings, in Now York Stato, and tho ses shore, secking fuiprovemont in bfn Leaith, but while atwoit Iie ateudie Iy grow worsy, having n complication of maladica sehich took 1 dropsical turn a fow doys alnce, 1o was electod to the Nutfonal House of Kopresentutivos to a1t tho vacanwy oamed by tho election of Fhomu W, For- 1y to the Unfted Biates Senste + s re-clected to the prevont Congresn on the Republican ticket at the gene aral olcetfon Jast Novouther by vory near 10,00 major 1ty ; waa n renidont of Grand Taphle (hirbistx sears and liud Tocomo of our wealthieat morchisnta nud woah Voloved and estoeuned eitizons, - Ago, 54 yoars, Wilson Shai My Ire Special Dispateh to T'he Chicago Tribune, Tawnesok, Kun,, Sopt, 20.—The funeral of Wileon Bhaunou, Jr,, eldost son utid busiiesy partier of ox- Qov, Buanuon, will be Leld to-morrow, Ho divd on Friday moruing, Donnld Dalrymplo. Toxvon, Hopt. 20,—Donald Daleymplo, member of Tarliatond for Buth, 1 dead,