Chicago Daily Tribune Newspaper, September 23, 1873, Page 1

r~ VOLUME 27 REAL ESTATE. For Sale. Y offer for snlo/Thirtcen Hundred nnd Twenty Thousnnd Dollnrs (31,320,000) of the fuil paid stock of the now orgnnizatlon (entire capital stock 81,600,000) representing and being ubont SEVEN-EIGHTHS of tho entire RIVERSIDE ENTERPRISE. A combinntion of partios of known reaponal« bility, nnd with tho nse of but moderate c wmenns, by controlling the nbove stock, can, by thelr judicions manngement of that valunble eatute,aecure to themaelves ovontusily alarge fortune without risk, 1 also ofter for anle the franchise of o Suburban Railroad, ‘Whichean ron inany direction to any polnt writhiin Cook, DuPage, or WHI Countics. Sald Railrond Company lins n valuable CONTRACT FOR RIGHT OF ENTRANCE INTO THE CITY upon the right of way granted by the Comuion Council In May, 1872, to the LaSalle & Chleago Rullrond Company, snid ronte be- ing eapecially adapted for rapld trausit to the heart of the elty. The tracks within the city ‘will be Indd thiy fall. Partles owniug outside Innds now inaccessls blo to tlie city can, by the use of this franchise, not only ndapt the same for snle by Subdivie slons, but render them avatlable for nctunl res- tdence purposcs. Partics hnving eoergy and means who desire to embnrkin a legitimate nnd larxe real estate enterprise, hnving nll the elements of perfoct snfery nud hmmense and anro profit, can best do so with the ald of this frauchise, by pur~ * chaslog lands whick enn be obtalned at low prices now too remote from nrnlirond for Sub- division, and enhinncing their valae by making them thus nvailable for nctun! resldenco purs pones for those doing business within the city. Another large sonrce of profit conld bo derived from property-owners nlong the line of suchn new railrond by donations nnd bonuscs they could afford to give in co-operation. The cost of n_nnrrow gauge rond would bo ubout Seven Thonsand Dollars (87,000) per mile, and tho cost of snme wonld only come mence trom the city llmits, as the cost within the clty Iy provided elnewlicre by the terms of the nforesnid contract, Part payment for cither or both of the above two enterprises would be tnken in unincume bered property, or in anything of nctunl valuo motattended with enre und nuxiety. EMERY E. CHILDS, Room 1 Xlomore Bloclk. LAKE SHORE jUBDIVISIGN WINNETKA, The Hudson River Prop- erty of Chicago. SECOND AND CLOSING SALE OF BEAUTIFUL GROVE LOTS, Looated on and near the Lake Shore, 40 to 90 feet Above the Lake, AT AUTUCTION, On Saturday, Sept. 27, 1873, ON THE GROUND. Thts pronorty fa very acconsiblo tathe oity, and offers porfootly puro slr, UNOBSTRUCTED ACOESS TO THE LAKE, ond » maguiticont viow of the ontiro ship- plng to aud from Chicago, Tlie villago of Winuatka s situatad on tho first high ground north of Chicago, about 40 to 80 foct abovo the Iako. Tho assy drainage, freadom from awamps and ma- the Losuty and varloty of its soonary, air mako It tho most dostrablo of subur. ban towas for resldence. 1t has good Schools, Churcice, and an Academy, conducted undor tho auspices of the Ghleago Unlvonslty; has good stores and markots, and soma of the most beautiful residoncos in the county ou and noar tho lako shoro. Tho bistory of all largs oities provos that tho most attractive and doslcablo rosidonce ty 15 in tho viclnity of Iargo hodias Bich Bevperty Tsing north o Laks Mioigan, with i bifkrating breszos; bracine g, snd orisie peaantot il bo catht ax tho MOSE DIRIKABLE SUBURBAN TroPRRFY RiEak OHICAGO. The railroad acogin: ‘modatlons aro amwlo. Sovon tralnis sach way daily. Titie 1o proporty perfect. Abstracts of title furnished, EIAS OB SALEOno-third cash, and balinco in ono aud two years with Intorost at & pot cont. A doporlt of 10 par cand an tho valuo of 6xoh lot will bo requiral ¢ time of salo, and balance of first payment within 30 days. A SPECIAL FREE TRAIN Wil lease the Degot of the Northwostern Raftway, cor= gor Oanal and Kinzio.sts., 81 p. m, on day, of salo, and roturn after aaio. Further iuformatlon and plata of the broporty ean ba fad of 0, C, THAYER & CO., Real Estato Auctioucers, 156 East Madison-at. SAFE and PROFITABLE Investments. [ am offoring some of THE BEST Lotsin NORTH EVANSTON For sale, for §300 and §400, on MONTHLY or ANNUAL PAYMENTS, Thesa_Tots are 33 foet front and150 feot deep, ARE HIGH LAND, have good side- wnlflu and are LESS THAN FIVE MIN- UTES WALK FROMPDEPOT, SCHOOL, CHUROH, and STORES, The Northwestern University LADIES’ COLLEGE Aro only one mile distant, Our RAILWAY AUUO]\ZMODATIONE are good, our Vil loge is GROWING RAPID! and MON- EY INVESTED here will PAY WHLL, Railroad Tickots furnished partios deairing $o see the proporty. WIM.P.THAYER, No. 144 LaSalle-st. NORTH EVANSTON. Boautiful Grove Lots 50 fect by 180 feet, for §600 and §800, on Monthly or Annual Payments, Theso Lotsarelocatod conveniont to Dopot, 8chool, Stores, and Church, and are a safo and well paying investment, SAMUEL POLKEY, 144 LaSalle-st, Given Away 100 LOTS, 23126 feot, n a hoantiful siburban villago, Gommutation faro, 13140, W cliarga only, for Loeds, Abstrsots, and fthprovoment of atrsate. . Tioke nishiod ta Viaw thix property, . A PHILLIPS, 54 LaBallo-st., basomont, ENGRAVING, Union Litho. Co. Xngraving and Lithographing, 1, 8, 5, 7and 9 Michl. gao-av, Bkilled Workmsaskip—Qulck Timos FINANOIAL. SAVINGS DEPOSITS. To allay all unneccessary excite- ment, and in the interest of the Public and our Depositors, and to prevent the possibility of any party obtaining an advantage over another, and to protect the rights of all, the Savings Banks of the City of Chicago, represented by tho oflicers whése names are subscribed hereto, will, from and after this date, insist upon requir- ing notice for the withdrawal of Deposits, according to their re- spective Rules. Ohicago, Sept. 20, 1873, D. D. SPENCER, President State Savings Institution, ‘OHN C. HAINES, President Fi- delity Bank and Safe Depos- itory. SYDNEY MYERS, Cashier Mer- chants’, Farmers’, and Mechan- ics’ Savings Bank, FRED MEYER, Cashier Commer= cial Loan Company. ¥, . TAYLOR, Vice-President Cook County Savings Bank. HENRY GREENEBAUM, Presi- dent German Savings Bank. FRANCIS LACKNER, Pres. Ger- man-American Savings Bank. S. W. RAWSON, President Union Trust (Iompnnif CARL F. W. JUNGE, Treasurer Chicago Savings Imstitution and Trust Company. J. YOUNG SCAMMON, President Savings Department of the Marine Company of Chicago. . A. WARE, Cashicr of City Sav= ings Banlk. ‘W. H. PARK, Cashier of the Bank of Chicago. JAMES W, SCOVILLE, President _of the Prairie State Loan and Trust Company. Adam Smith & o, Bankers, First National Bank Building, sonthwest corner of State and Washinglon-3ts,, Chicago, Dealers in Gold and Bilvor Bullion, Bar, Leaf, 8hoot, and Granulated Form for me- ohanical purposes. Deposits received in eithor currency or cain, subject to chock without notice., ix per cent interest allowed ou all daily balonces. Cheoks upon us pasn through the Clearing- ‘Houso, as if drawn upon any city bank. ntorest orodited, and accounts-current rendered monthly, Ooin and Currency Drafts on New York, SAVINGS BANK DEPOSITORS. ‘Wo have several hundred lota at the North- ‘westorn Oar Bhops, Boglowood, Washington Heights, Oentral Park, and elsowhere about the oity, which will be sold cheap on long time, or at & reduction of 10 por cent for cash, Your balanco in Savings Banks of this city, proporly assigned, will be taken as cash, and interest allowod to date. Purchaserswill be nllowed thoir usual pay for timo lost offecting purchase, R, P. BLANCHARD, 153 LaSalle-st. DICr. Wo colleot claima of svery description against partios throughat (e United Statea and. Canads, and publish {he namon of thoso who don't pow ready for dollvory to subsciibors. MILASIER'S MEROANTILE COLLECTION AGENOY, 148 Madiia- st., Chicago. FOR S. TRACING LINEN AND PADER, AT WHOLESALE AND RETAIL, COLVER, PAGE, HOYNE & €0, 118 and 120 Monroc-st., Chicago. GONBUME! fitablo to ot ol baforn ordering Fironheve, " HINGLE 470 0ricee Wholosalo and’ Retail Stationers, Printers, and Blank ook Mauufacturers, 168 Clark-st, POCKET KNIVES. THE FINEST VARIETY IN THE WEST. Buyers, oxamino our reoont importations, BIGOS, SPENCER & 00., 55 Wabash-ar, GUNS. Broschlosders, from 825, Oth 3 o R TR A e WILLIXMHON GRAY & CO., 413 Woat Madison-at. OFFICE FURNITURE. DESKS AT COosST, To_Olose_Business, 112 Fifth-av, HOTELS, Merchants’ Hotel, (Corner Olarkand La¥ _sta, now opon for guy o mmllplrxak “lmm fih!enn:n mI. 'st‘r':\l?‘l‘lt M_‘Unm , siraoboats, ica, 5,00 1 z:n-nm,w SpOt At Bn I, (Hl:’lf'Mnulmnr’.ur GENERAL NOTIOES. T CABINEY, TRUNK, FURNITULE, KD CARRIAGE MANUFACTURERS, ‘Wo have recontly placed fn anr mill & 83-inch Scgment snw for rosawing all kisida Of Tumbor to 30 inchos i whith, {nking out Tore kort end iakimg thickor umbor than an othor rosmwiog-machino in ORjosio. ~Iiaoking on hand and mads loatiar: Wo vl Uip ationiion of wanifao: urors 10 our wark, and 1o tho IArgost Begmont aaw tha Wo OLAIE & 1HUTOHIN: Planing Ml and Bos-Factary, Qai “ICE. ICE. ICE. Pnokers and Brewers wanting_large quan- tities of Ioe for the remaindor of the senson, oan make contracts at_low flfiuron Iaw calling at JAB. B, SMITH & JO.’8, 101 LaBal “PROFESSIONAL, DR. J. B. WALKER, OOULIST AND AURIST, Attonds excl oly to the Medloal aud Burgloal Troat. 8 S toomlon ot SVE th 21 » 181 SOUTIL CLARK-8T, CHICAGO, TUESDAY, SEPTEMBER 23, 1873. CHICAGO EXPOSITION. "INTER-STATE [ndugtrial Exposition OF CHICAGO., Grand Formal Opening ON Thursday Evening, Sept. 25, 1873, The Excoutive Committee have the ploasure to announce the com- pletion of all preparatory arrange- ments for the First Annual Exhibi- tion of the Inter-State Industrial Exposition of Chicago. The building, which is the largest and best structure of its class on this continent, has been finished with the greatest carc in all details, and the entries now made and mostly placed give undoubted assurance that, in variety, magnitude, interest, and value, the Exhibition itsolf will far excel any heretofore held in the new world. The formal opening will tako place in aocordance with the following PROGRAMMEBE: POTTER PALMER, Eaq, Presidont, in tho Ohair. MUSIO--Wational Airs, Ohioago BExposition Grand Maroh, com. posed for tho oooasion by Prof. Flodoard ‘Hoffman. Address and dolivery of the Building to a3, Semi-annnal report | the Bonrd of Directors by the Ohairman of the Elxeoutive Committes, N, 8. Bouton, Esq. Reosponse and accoptance on behalf of tho Board of Diroctors by Hon. W, F. Oool- baugh, Vice-President. MUBIC--Festival Overture, by Prof. Hoff- man, Addrossos of Welcome by Hon. L. L. Bond, Maoyor of Chicago, and His Hxcellen« oy, John L. Baveridge, Governor of Tlinois. MUBIO--Potpourri from Martha--Flotow. Address by Hon. John A. Logan, United States Senator. MUBIO--National Potpourri--Heinioke. Address by Hon. Richard J. Oglesby, United States Senator. MUBIO--Galop Welcome--Faust, " VAAS & HOFFMAN’S BAND, Composed of Forty Picces, and conduoted by Prof. Flodoard Hoffman, will furnish the Musio for tho Opening, and Daily during tho Exposition, TICKETS OF ADMISSION FOR THE OPENING. Entrance on Michigan-uv., fronting on Ad- ams-st. Exits, Michigan-av., near Monroo and Jackson-sts, Doors opon st 7. OFFICE OF THE EXPOSITION. Septombor 2, 1873, Until the opening, Thursday Even- 1 ing, no person will be admitted to the Exposition Building except ex- hibitors and their employes neces- sarily employed in fitting up. JNO. P, REYNOLDS, Sec, LAKESIDE MONTHLY. CHCAGO RECEIVEHG HER GUESTS, Have you seen the Beauti- ful Dustration of the ahove, as contained in the Handsome Circular announcing the GREAT EXPOSITION NO. OF TEEH LAKESIDE HONTHLY, COD LIVER OIL, WILLSON’'S CARBOLATED COD LIVER OIL 1aa fipscific and Radteal Curo for CONSUMPTION AND SOROFULOUS DISEASES, L" It comen e pod bottles, fnvéators signatirs, and 18 soid by tho hest Drugtats, Propared by J, H, Willeon, 83 John-st,, N, ¥, Forealo by all Druggists. HURLBUT & DAL Gt RICHARDSON & MEETINGS. Attention, Sir Knights, Bpeelal Conclavefot Apolla Commaniery, No. 1, K. T. P A R R AT U tocoutat, Tur ork o €., Odoey Taivug Mr icalgila ovrtooul s 5 1.0, ooy el B W 100K e, Recorder, Ashlar Lodge, N nhls(l)""h:‘l.l M., Speolsl & ), No. o 1y . M, eoial com- {oralty cordiatty mviteds * = O sE."BHEANK, Rece ., Bt. Touts, Mo. ONLY A FLURRY. Complete Subsidence of the Excitement in ‘Wall Street. No Further Failures of Prominent Houses Looked For. The Commonwea'th Bank and Union Trust Company in the Hands of Receivers. Three Millions of Bonds Dis- posed of by the Gov- ernment. No Alarm Manifested by Savings Bank Depositors. Two Important Failures Re- ported in Pittsburgh. The Canadian Southern Railroad Com- pany Financially Crippled. Chicago Bank Presidents Resolve to .Stand by Each Other. NEW YORK, Spectal Dispateh to The Chicago Tribune, New Yonx, Sopt.22.—At & very esrly hour this morning 1t was discovered that the combinn~ tion of bankors, and the closing of the Stock Exchonge on Saturday, was in iteolf reliof enough to break the storm which threatened to culminato in & nationol disaster, The fury of Baturday had spent itself on that dsy. The madnoss of Sunday had been the idle cronkings of ruin, and aro proved absurd. Tho sanguine views of lending bankers aro confirmed, and overything was bright and chieorful. THE STREET THIS MORNING was really no busior or more animated than on ordinary occasions. Tho idle crowd which on Friday and Saturday bolped to distract those who werein the streot for purposes of business, and bring on ruin, was absent, and its advanco was in itself a relief, There was no appenrauce of tho agitated crowd before any bank. Nowhere, not evon in the vicinity of tho East Sido Savings Bank, where the easily-frightened Germans most do congrogate, wero tho lines at the win, dows longer than on ordinary days at the be- ginning orend of tho weok. The aspect of the financial quarters of the city is bright, and wholly encouraging. The re- liof which the Government on Saturday decided to give was found to be: not..only wholly inade- quate, but wholly unnecessary. THE ACTION OF DHE DANK MANAGERS, inissuing loan cortificatos, and in resolving to stand by oach other, and the decision of tho savings banks to require thirty days’ notice from dopoeitors drawiug out their funds, had the wholosome effect praved for by everybody. The truth dawned to-duy thbat tho Presidont had been in communication solely with stock- jobbors and a few frightened mercliants, who 8o in a crisis which involved ouly stock-gamblors ond o fow railway speculators impending ruin to the whole country, and who were in conse- quenco thoroughly domoralized, TILE BOTTOM 11AS NOT ONLY BEEN REACHED, but it has beon found to be not such a deep gult after all. Tho events of the day are bad to narrate, for really there have been few or no in- cidents to toll. THE PURCIASE OF BONDS bogan early in the day, and sales have boon about 93,500,000, After all, it was tho eavings banks mainly which took advantage of tho op- portunity, and unloaded their five-twenties for mercautile and brokers' Eurpm“' The rollef afforded by the Cloaring-Houge loan was more than ample. Tho fact is that, quiot havin boen restored, confldence has heen renewed, an: finding that lhey can got their money, dopos- itors do not want it. Only those of the Union Trust Company seem to be in distress, and _tho failure of this is in consequence of fraud andun- pardonable misdirection, It and tho Common- wealth have ycne into thw Lands of a Receiver. Tho failure of tho first is distressing. There is iittle a,vminthy for the latter, us it was Flsk's slly in locking up greenbacke in 1669, AID YROM TUE GOVERNMENT. The following notico wau posted near the Cashier's window in tho United States Bub- Treasury yesterday: Usiren Bratzs Sus-TREAsURY, izw Yorz, Sept, 22, 1873, Purchased bonds to-day will includo alithe differ- ent seriea of £-20s. Payment will be made in currency at tho rate of 110 72-100, and accrued intereat in coln, By 11 8. m., & orowd goodly sizod had sssem- bled in the corridor of the building walling their turn to dlspose of their bonds, but the clerical forco was large enough to attoud to them with groat rapiditty, and by noon all the bonds offered up to that timo hnd boon purchased, From that hour till 8 p. m., thero woro occasional offers. Tho purchugces of the day amaunt to $3,380,150, in fitty lots, ranglog from 6,000 up to $600,000 onch. - Certificaloa of doponit issucd undor the law of yune 8, 1873, and commonly known as Oleariug-Llouse certificaten, were also purchiased to the amount of 5,780,000, Gon. Iilihonwe, Assistaot United Btates Trossurer, declined to givo the nmwmes of sollors of bonds for fear that suspiclona might bo cast upon them or the institutions with which they were ousnccted, and o disnatrous ran on them bs tho result. Bome of tho most precipitate In_ sellin wore connected with savings backe, an the announcement that tho, find sold bonds might bring discredit and ruln on their banke, Gon, Hillhouse atated to a reporter that he had orders to buy all tho 5-20 bonds that might be offercd until furthor notice. Ho bad recoived no turther directions during the day, though soy- eral tolegrams rolativo to dotails had boon ox- changed betwacn Socretary Richardson and him- self, Ho had not beon suthorized to buy the 1881 bonds, as the Prosident did not belisvo that be Lad a logal sight to tako up bonda not yet due. Ho did not_believe that the Govern- ment would take further action in the case, as he thought that alroady taken would avert fur- thor catastroplis, 'Thoe crisls bad passod, and the strong combination of bankers had "done much to hasten [t VIEWS OF AN OLD FINANOIZR. John Thompson, President of the First Nation- al Dank, and ono of the oldest baukors in the city, made to-dsy tho following siato- monts of his views on the financial orisis: Ono cause of the trouble in Wall streot has its origin in the banks narlllilng ohecks for staok-brokors in omergenoy. DBrokers Lave obtalued cortifieations, and have failod at tho close of business to make their accounts ood, Mont of thom have boon sufliclentl onorable to take seouritios to tho banks, whicl in ordinary times would cover thelr ovordiafty in tho fori of cortified checks, No bank nol known as & brokors' bank Las beon in any troublo, The issuo of loan coriifl- cates under tho arrangomont adopted last Saturday has been to-day about §0,000,000, Three-fourths of this issue was made {0 the bankors’ banks, The rolief sfforded by tho Government's purchase of bouds is not | as ample as it would bo had tho Beoretary of the Troasury taken any bonds inatead of disorimin- ating in favor of 5-20s, which have bocome ncarce, aa the Govornment haa bousm them dur- ing tho laat four yoars, and redobmed thom through tho machinery of, tho Syndicate. “Bav- inga Lanks, in particular, baye partod with their G-208, and reinvested in othor classes of Gov- ermnmont bouds, Had tho Scorotary talen auy class of Govornment bonds $20,000,000 ot lonst would hiavo boon offored him to-dsy, and this would have afforded allthe necossary rolief, Tho law for buying bonds makes no discrimina- tion betwoon 5-208 and any other class, TIE TROUDLE 13 DYING OUT becauso creditora gonerally and partioularly de. positurs fu savings banks have mado up thoir iminda to forego drafts upon debtor matititions, ‘The balsuces in “the City Trensury being reduced very low, many persons have antortainod tho idex that the Comptroller might bo sorlously inconvenienced for want of funds " to pay the numoroua domands made upon him, Tho aceounts of the City Chamborlain show that the funds in tho City Treasury have decreased in tho lnst two wooka from $470,858 to 884,187.46, and the monoys in the sinking funds intorest, ond County ‘I'reasury, have diminished in like _pra smunn. The ' Controllor, on_being nsked to-day for the faota in tho caso, enid if tha Bonrd of Suporvisors had dono thalr duty and confirmod tho tax lovi ton days before they did, tho Treasury wonld bo in & much bottor condis ton, He could not toll what domnnds might be made on him, but thonght thero would be no serious trouble until taxes began to be paid. The oxpenses of tho city were met by the issuanco of rovenuc Londs ‘bearing 7 por cent interost, He hoped tho tax books would be ready the latter part of this woek, or the firat of noxt. Tho taxes wonld then prnbnblx ¢omo in rapidly, and the revenuo bonda wuuld be pnid, and certain other kinds of indobtodness would then be liquidated 84 soon 88 posaiblo. Unpald State tax amounts £08450,000. He thought it he noeded money lio could raise without difficulty ~ on rovenus bonds. The roport to the effoct that o part of tho clty funds were locked up in the vaults of the Union Trust Com- pany galned conetdersble crodence throughout the clty to-dsy, In answer to this Comptrollor Groon stated that none of the city funds or money over which the city had any coutrol in any shapo or_ manner the keoping of the Union Trust Compnny, Along time since, duriug tho administration Bwooney an City Chamborlain, thoro had beon some, but it had boon withdrawn some time ago. Tho Deputy. City Chamborlain said that whon dopositaries for city funds wero last solected, no trust company was choson. Ho alfo corrubo- rated the romarks of the Comptrollor on the subject. CONSIDERADLE EXOITEMENT WAS CAUSED in tho stroet by a rumor that A, Willinms, of tho firm of A, "D. Williams & Co,, stock-brokers of Wall strect, had defrauded the Bank of North America out of about $459,000, and absconded. On inguiry, it was ascortained that A, D, Will- iama_had overdrawn their . account with tho Bank of North America on Baturday to the amount of ©495,000, and biad failed fo make it good. This morning the ofticors of the banks ‘bocams very muoh alarmed, aud, obtaining an at- tachment upon the property of Williams & Co., succesded in securing tho restoration of $250,000, together with the assurance that tho remsfuder would be forthcoming before 9 p, m, The part- ners of Ir. Willinms deny that he has abscond- ed, and asgort that he is al home il ANOTHER ACCOUNT OVERDRAWN, John Bonaer, auother stock-broker, had over- drawn his nacconut with same bank to the amount of $400,000. Bonnor snid, in explana- tion, that, fearing the bank would not go thmugh safely, bo overdrow his accouut and placed the monoy in the Bank of Now York with tho undorstandiug that it was to be subject to the ordors of tho Bauk of North Amorica if the lat- tor wont through. Ho then doposited his un- cortified porsonal chock with tho Bank of North America to square theaccount. When the clear- ances were offected Bounear's account waa mado up, and nothing was_overdrawn, although thore was little alarm for the time boing. GATLTON, THE DEFAULTER, Dr. Thomas Cariton, father of Charles Carlton, tho absconding Becrotary of the Union Trust Cmnfluns‘. utated to-day that he waa in the oftice of the T'rust Company when his son took his fina} departure. Charloy secmad, he said, to bo very nervous aund excited. When he waa not busy signing checks ho con- vorsod with me, and soversl times Ienw tonrs rolling down his cheoks. Sinco his wife died, threo woeks ago, ho has mnot boen himself, aud I huvo frequently found him weop- ing while ho has coustautly been deuyundam and depressed. I supposo on the - morn- wg in rfiucntlon, that he think- ing of his losh, being also flurried about the affairs of the Company. I talked to him carncetly, tolling him he should keop cool and not gt oxcited. ~ Finally, just bofora noon, Chinrloy “wont and got his Liat, sayivg to mo, *You must excusa mo, father; bub’it js nocos: flnr{for me to go outa fow minutes, I will bo back very soon. Sifl)goning that ho was going out on_business, I did not attompt to stop him, Aftor waiting some time for nim to return, I went oway., Dy son did not, a8 has been stated, go to tho safe and take out £1,000, Ho could not have done 8o, &3 the Cashier pays out the money. He did not sven tako his overcont, and nothing was missing from Lis wardrobe at home except the olothes ho wore, L cannot understand why Charloy wag should run away. He Las friends who would have made good . any defloiency. It i8 my oginion that he has boon crazy since the death of his wife, My businous at the Trust Company's office that morning was about loans made to me. Somo time ago the ‘Company lent me $300,000, for which I guve the wvery best securities, and when I heardof the run on the baonk I went to it and offored to A ‘tho loans if the Company wishod I should, saw Mr Soboll, and he told me it was not neces- sary, lowever. On Baturday, after bankin, hours, I read a notice calling in the loans, an thls very morning paid 16,000, and would have paid tho romainder but one of tho cheoks I held was dishonored by a city bank, because the institution using it had not received the amount on doposit in bank. This loan was not made to me by my gon personally, as has been atated,” but ho Company. I have been told sinco his doparture that Charley specu- lnted henvily. Ho bought 1,5 sharos of Pacific Mail and 1,000 shares of Western Union, but T cannot spoak dofinitely of sny othor investments. In reply te a question whether he thought his son took any of the missiog securities or bonds with him, Dr. C: ton emd: “Noj I do not think so: I was told by & gontloman who was with mysolf at the time, that he went to one of tho down-town savings banks whero he has doposits and withdrow $2,000.” Dr., Cariton had neither scen. nor heard from his son from the time ho partod with himat the Union Truat Company's ofiice, and had not tho slightest idon of his whereabouts. From the timo ho was 16 years of ago, until five yenrs ago, Oarl- ton, Jr., was conneoted with the United States Trust Company, which place he left for the Avsistant Scorataryehip of the Union Truat Company, nf-_ fuithful service ho soon becamo Beorotary, which position ho held up to last Triduy with spotlesa reputation. Mr. Oarlton waa 80 years of age, and his ealary as Becretary of the Trust Company was $10,000" per year. ARRIVALS, Hugh MecCulloch sud Pitt Cooke, of the Lon- don house of Jay Cooke & Co,, lauded hero to- day, and were overwhelmed with sstonishiment at learniug of the fuilure of the American housos whon the mombers of the New York frm communicated tho intelligonce to them, ‘When thoy left London the situation of affairs waa not deemed eritical. To the Associated Press, CALMING DOWX, New Yonr, Sopt. 22.—Wall strect to-dny pre- sonted a most oxtraordinary spectacls, It would bo difiioult, in the neconsarlly brief limits of nowspaper rurort, to give a corroct idos of the excitoment which pevailed, But the excitoment to-day was, apparontly, of an entirely difforent kind to the intonso auxioty observablo on Friduy and on Baturday, which Lnd its origin in condi- tion of universal panio, The atroots, that ia to un{‘ Wall stroet and Broad street, wore crowdod. ¢ was diflicult for a pedestrian to thread his way through the difforont grbups which occu- piod tho streets and sldewalks aliko, THE MOST STUIKING FEATUNE of tho scono, pusslbly, was that tho mnsson to- duy wore apeclutors, whercas on the lust duys of the proceding wook overy one was rusning bither and thither, flghhniund struggling to make his way to womo bank or broker's oftico, This morning, overything to the outward eye was calm and quiot, and of the thousands of porsons who blocked the stroots, the Sub-Troas- ury steps, and any other lphcn from which a view of the nelghborhood could be seoured, probably one-half were dramn to the spot by ourlosity - Thz Ohicago Dailp Teibumne, alone, Conversation on tho streot was not so oxcited as it was forty-eight hours sgo, and thore neomed to bo . guneral improssion that better state of eoling _oxlsted, d that mutual confidonco was Ilkw to be ro- cstablishied. Tha opinlons expreased concerning the action of tho Becretaryof tho Tressury va- ried greatly, as might naturally bo oxpected. Enmn men thought that tho panic should have oon ALLOWED TO WORK ITSELF OUT § others, that the Govornment should hiave come wmore directly to the aid of the struggling brok- oraj others, again, that tho wisest courae had been adopted, and that the WORST WAS OVER, Notwithstanding the calmness of the majority, however, thero wers not lacking certain hot- heads, who recklossly circulatod rumors caloit- Iatod to do Inflnito mischiof if they gained cro- dence. CONFIDENCE INOREASED as the day advanced, aud avout 2 o'clock, thore was a suddon shrinkage of the linea ot pay- fng tellors’ windows nt tho innku and banking houses. The heavy business done all_day had beon dispatched with all possiblo spocd, sud as soon a8 it was known among the morchauty that the purchaso of bonds was uninterrupted, and that tho rulo adopted by the savings banks, of requiring thirty days' notico for the withdrawal of all largo sums, was accepted without any dis- turbanco at the savings banks. tho cortification of many cheoke was not proseed, and it was ovi- dunt atthe banks that the depositors were bo- ginning to bolieve that THE BTORM HAD PASSED, The Commercial says it is duo to Iarge howson to pay that during tho excitement of tho past thres days and to-day, no large amounts have been drawn from the fnnkr., oxcept those actual- 1y nocessary to daily businces. 1t has boen & guneruus principle of holping banks through he diffionlty, and to this fact may Lo traced the ability of many of them to pull through the Zfonrful sicgo which Lins been forced upon them by the complato demoralization which came al- most without a word of warning. THE FAILURES UFON TILE STREET have been failures of tho necessity of stringen- oy, in which the moans of the beaviest houses wero unavailing eithor to thomsolvoes or to thoir neighbors, ana the anxiety among brokers is not for new busincss so muoh as it is for & sot- tlomant of differoucos and adjustment of con- tracts. Although a fos more of tho small houses may go under when the final sottiement is made, atill it is bolioved that the recont st1ees has swept away most of the woak brokerage firma, NO EMBARRASSMENTS ARE EXPECTED in any of the privato banking firms_who have sustained thomsolves through the lato orisis. The susponsion of the Union Trust Company is gonorally attributed to tho defaulting Bocrotary's nogloct to call in the $3,000,000 loans ordered on Thursdsy. According to gonoral report,he com- plotely lost his mental balance, and showed no dispogition to submit the affaira of the Company to inspeotion. His whereaboutsis still unknown. It is currently reported that tho Compauy will bo roady torosume business in n fow days. Itisa littlo remarkable that only onyof the Trustees of the Uniou Company had any monoy on de- poeit in the inatitution, and that, with the excep- tion of two or threo, owned but very little atocx. This may account for the bad managoment of the concora, 'MES3NS, JAY COOKE & CO. are out with a statement giving names of banks and banking houses who will pay drafts of thoir corrospondents. Al drafts against doposits mado :_incn the suspeusion will be paid on presenta- ion. TITE NATIONAL TRUST COMPANY, cornor of Warren street and Droadway, which susponded paymont on Saturdny, states that their liabilitios do not excoed 34,000,000 and that the copital and aasets of the ompany exceed thoir lisbilities, Tho officors of tho Compan: stato that thoy have ample funds to satisfy ,L\at dopositors and stockholders, but they aro’ com- suund of bonds, stocks, &c., which cannot bo ieposed of until confidence is reatored. TILE DAY OLOSES WITH CONFIDENCE grontls improved, with & genoral opinion that the crisis is ontirely over. There seems to bo no reason why all tho banks should not now go aloug in a quiet and rogular manner, THE BAVINGS BANKS, New York, Sept. 22.—Lho bLusiness of the savings banke to-day was somewhat Lieavior than that of the last throe days of the vast week, but that is always the case on Mondays. No alarm, howaover, scoms to bo manifested among depos- itors, and tho resolution adopted lnst evening at the moeting of savings bauk officials seom to bo gonorally agreod to. This nolico waa to tho effoct that, undor the provisions of thoir chiartor,” tho banke would refuse to make any paymonts unless thirty daya' notico is given that doposits will bo withdrawn, Bome bauks were paying all doposits of $100 or less, ———— PHILADELPHIA, Special Dispatch to T'he Chicago Tribune, Pmuavereiia, Bopt, 23.—It is ourrontly ru- mored here that Prosident Grant refuses to al- low the roserve inthe Troasury to bo drawn upon in aid of the banks, THE EXCITEMENT 18 INTENSE, Fears are entortawod of a genersl suspension, A majority of the banks still continue payments. The run on the Fidelity is continued. On the receipt of a Now York tolegram, stating that the baaks there had all suspended, ono would have supposed that the bankers and brokora here had gonemad. A later telogram, just arrived, states that the former is A PABRIOATION. The alarm is but slightly allayed. The Stock Exchange romains closed until further notico from the Prosident of the Board. The Union Bank refused to give any statoment this morn- ing. They have pasted on their closed doors the following : A Oanp.—Payments of all notes, drafts, eta., Iately held here can be made at the Girard National Bank, I am almost certain they will never rank in ‘banking circlea again. THE XXCITEMENT SUDSIDES. The excitement is somewhat allayed, The Btate Bank resumed payment about an hour since. Depue, Cashier, thinks they will now be able to meet the demand. The Board has openod at the Exchange. ANOTHER DISPATON, Special Lispatch to Tho Chicago Tribune, PmLapELrina, Bopt, 22.—This evening the excitoment is consic uubl{] toned down. The city 8 full of strangers, called hithor probably to take part in tho dedications of the Aasonio ‘Tomplo. I might almoat say there was no exira unusual excitement TOWARDA THE CLOSE OF DANKING HOUES, except among brokers, Tho pooplo, whoso'con- fidonco in Bomo institutions 'has beon shaken to such an extent as.to cause a dosire to draw tholr funds, have becomo satiafied that mattors are not so bad as mught bave been eox- pectod, and the run has almost ceased, About 11 o'clock a rumor of the suspension of all the banks in New York gainod some ciroula- tion, and for a time croato «}ultn & commotion, Of course, such action would have caused a vory considerable change in the stato of affairs, The National Banks, which have not felt any unusual pressure thus far, would have beon affocted, and would probably have baon com- pelled to suspend also. Inquirios sddrossed to anthentio sources in Now York wora at onco made, and the rumor was found £o be untrue. THE FAILURES IN THIS CITY were not nearly so many ua was anticipated, This fact ehowed how atrong wers our differont financial firms, to bo able to withatand so woll such a panio ms bas burst upon us, To the Fi- delity Trust Comp: which stood the bruns of attle, our ba and othor similar institu- tions owe & world of gratitude ; for, had 1t sue- oumbed, » gonoral run and orash must have in- evitably followed. As it is, many weak and flashy "concetns have boeu cleaned out. This will make a far mora healthy condition of affairs, Things remain in statu quo with THE UNION DANKING COMPANY, The doors are closod, and the future courne of tho firm bas not yet beon dotermined upon. A maating of the Directors was hold at 8 p. m. for the purpose of conaidering the stato of affuirs, but no statoment was iusned save tho card wont in a provious dispateh, "Thore {u THOULLE AMONG THE BTATE NANKS, ‘These institutions are obliged to make their col- loctions through tho Natioual Danks. Thoy have considerable country custom, and tho genoral habit has beon to deposit tho checky recoived from the country bauks, aud thon draw againut thom, As the Btato Baunim aro not bavks of iwsue, thoy must nocossrily got their gresnbacks throngh National Banks, n an interview with the ofticors of one of tho Htato banks, this morning, they stated that on Saturday the National Banks rofused to receivo ondeposit the cheoks of the country banks, and this refusal left tho Btate banks without cash to NUMBER. 33. meot any extraordinary demands; and, in some €08, a suspousion was rendered necessory. TIIE STATE BANK OF PHILADELPIHIA was comL)unnd to rofuse peyment on some of tho chacks presentod at it countor on Baturday. Thin was on account of tho mction of tho Mo~ tional Banka montionod abovo, 'This morning tho doorn were oponad at the usual hour, and in o short time aftorwarda the Paying-Tollor com« moucod carhing checkn as they woro prosented. Mr. Joseph A, Martln, tho Prosident, hos s sued a ciroular to tho deposlitors, in which e says: ' In consoquence of the great drain uponr our resourcos for somo time past, and particu~ larly tho Isst fow days wo bLave not boen able to meot all demands upon us a8 promptly ns dosirable, We' would, howevor, assure all onr depositors thint e lisvo smplo teans, and, within o short timo, can moot all our obligations,” The Htate Bank in locnted at No, 216 Markot street, I.bozan oporationa March 4, 1872, with an suthorized oapital of £200,0: 0. TIE FINM NESUMED PAYMENTS at an oarly hour—about 12 m. to-day. Mr, Doe puo, the Cashier, whon intorrogated by mio as ta tho caueo of susponsion, said: “The National Banks throwing out our checks brouzht the holdors to us asking that they be cashe:d. Ner colving no pasistance from without, our susponsion was inovitable. Ono ot our Dircctors wout out enmrly this morning, and promisod to bring in notés suffi. clent to meot tho demand. IIo {4 now roturncd, and we linvo amplo funds to meot all demanda.” THE BTATE FINANCIAL INATITUTIONS in Phiiadelphin ono by ono susponded payment, in consoquenco of tho nability on their part tq socuro curroncy. The ono cry is “ Greenbacks! Groenbacks 1" to which unfortunately there is no responso, This morning the Keystons Banlk, on Chest- nnt atroet, opposito tho Miut, refused to cashr chocks, bulluvlmi)thnt justico would bo bottor moted out Lo all by suspouding at once, instend of paying on the start eome fiftcen or twenty dopositora to tho oxclusion of the rest, Tha Bank Lias on hand any nmount of securitios, but ALL ARE HOLDING TUEIR GREENNACKS - for thoir own particular purposo, 'The difficulty i not in the drawing ot of large amounts, but all aro rollhllnF their deposits to meot their own poymonts, fearing that o call upon the bauk would nat be promptly met. Tho Nationnl Bauhs this morning were to have furnished cer~ tain amcuats in curroncy, but instead they sent their checis. The officers have been snying to those who catled with checks that they hoped to pay currency in the morning. ¥ TIE KEY-BTONE DANK Is & Btato Institution doing business at Nos. 1326 and 1328 Chestnut streef. By the lnst pub- lished roport made to_the Auditor-Goneral, un- der date of Nov. 1, 1872, its asusts and liabilities were balanced to $686,427.17. Included in tha former woro about 430,000 in bills aud notes discounted ; mortgages ' held and owned by the bank amounting to $42,800 ; real estato on which 50,380 hnd boen expended; and $39,771 dne from solvent banks, Included in tho liat of linbilities, at that date, woro $19.700 in capital stock actually paid in; 2984946 in deposits ; 557,493 duoc to othor bauks ; and a surplus contingent or sinking fund of $46,940. Its authorized caplial is $400,000, This morning THE CITIZENS' DANK SURPENDED, Depositors wore on liand at an early bour, and 88000 88 the bank doors woro oenai, tuoy resented checks for thoir full balances. Do- ieving that thero was a determination on their part to drain the bank, tio officers potified then that no = more monoy would be paid ont. On _Saturday shoy stood out sgainst tho storm, and pnssed over thy countor the' enormous sum of 100,000, beivg £60,000 more than the avorago payments. In AN INTERVIEW WITIL MR. KEIN, he declared that the National Banks were thy cause of the failure, inasmuch ns they wero tin encmios of tho State baoks, and throw out their checks whonover presogted. The Girard Bauk whera they deposit all their country checks, ro turned those recoived on Saturday, instead o cashing them, as is usnal. ‘This” moruing the bank being without cur. rency, TONENS WERE SENT OUT WITI 00D COLLATERATS but all thoy conld get was $10,000, Knowwg that thoy would not lnst the day out, they deter- mined to stop business for a while. The Citizens' Bank is & State institution, dolug businoss t the southeast coraer of Second a i Raco streots, Its nuthorized capital is 500,000 THE PEOPLE'S BANK is snother Stato institution, and is located on Chestnut street, above Fourth, 'T'he Hon. W. S, Kemdle, the Prosident, had on a smiling counte- nnnco this morning, and, in response to the usstion, **Any cash here?” snid, ‘' Plonty.” 'he aninz-h:llnr was _handmg out the monoy for all checks prosented. ‘Fhers Las buon no run on this Fank. A TELEGRAM FROM TITTSBURGI states tha. two banks closed thero tu-day,—the Boounity Trust Company and James Brady & Co, The latter placed tho followiug notico on the door of their banking-liouse : “Asn result of falschoods published in regard te this bank, causing a run on us, W have suspended,” AT THE JOARD OF BROKERS, a placo that for four bours of overy waek-day is a perfect DBabel, thero are mo extraordmary scenes., DBuwiness is more active, pricos are firmor, aud, ofter the whioping of 'thn past fow days, dealors are inclined to bo cautious, At every stop this morning one could hear tho action of tho Government or the Now York Clearing-Houso discussed, TIE OPINION PREVAILED that tho toning down of tho popular oxcitement, aud the dissipation of doubt aud misgiving word moro due to the action of the Clonring-House than the action of the Government, which, dis« appolnted many, In pooling their funds for the success of any bauk that mifi}xt be run upon, tha Preaidents of tho New York Natioual Banks gava an indication of their intention to combine for mutual !ummn. Our people drew the conclue slon that, if the case wore urgent enough, our banke would in like manror combine, and ronder q\l;; Muuaponuion of any for want of funds impos- siblo, THE CLEARING-TIOUSE, anit in tormed, is an assaciation of bank officora for the purposs of expeditiously sottling at the close of each dny their accounts with each other. As thoro was 1o indication of # run on any ong of our National Banks, no extraordinary action such as taken in New York was deemed neces- aary. 'GOLD FON THE PHILADELPNIA SUD-TREASUTY. I am informed that the Sub-Treasurer in thix city to-day received from Washington, $15,000,- 000, which are subject to tho order of the Secre« tary of the Treasury, and which will probably ba thrown onthe market if necessary. [To the Associated Press.) Prruapereuia, Sopt. 22.—The normal condi- tion of flnances ls rapidly obtaining in this city. This aftornoon it was publicly stated thatwoui of tho State Banks of this city had suspendod, and that others would inovitably follow suit. An investigation proves that this” was an oxag. gorated way of etating tho casa, All of the Btnte Banka ara thoroughly solvent, but oxperis enoing some anunoyances from a scarcity of our- rency. Thev ascribo tho trouble to a rofusal of tho National Banks to accopt their cheoks, thus ulm\rln;ithem upon their own resources, Of tho banks that were specifically named 24 having svspended, viz: the OCitizens!, the Iron, the State, and tho Keystone. All ave assert. ed by their rospective oflicers to be perfoctly wound. 1t ia probable that all will promptly and fully meot thoir demands to-morrow, — e WASHINGTON. Special Dispateh to The Chicano Tribune. ‘WasnminaroN, Bept. 22.—Judge Richardson said this evening that ho belioved the storm was over, and that quiet and good ordor would soor bo restored in financial and business circles, This bolief 18 based upon the favorable reports that wero raceived by tolegraph from Now York and Philadelphia, and from assurances given him a8 to affaira in thiy District, Ilo thinks the orash hes caused only comparatively lit- tle inconvenience and disturbanco to business outslde of the citios of New York, Philadelphin, and Washington, from which came all tho applications for asnstance by the Govern: mont, Numerous DIBPATONES WERE REOEIVED DURING T} DAY by the Prostdant and Bocretary Riciardson, in whioh many of the most promitent citizeus aud busi ness mon of tho leading citles of the Unior Joiuod in cougratulating the Excoutive aud his Financinl Socretary for their stability, The telegram from Now York ocoincided "in the statemont that Wall strect was clearing itself ; that marcantile business was progrossing about a5 usual; and that the Btock Lxchange {Continued on the Eiahth Paae.l