Chicago Daily Tribune Newspaper, September 26, 1873, Page 1

The Ehicago Dailp Teibune, VOLUME ¢7. CHICAGO, FRIDAY, SEPTEMBER 26, 1873. NUMBER 36. GIFT CONCERT,. Grandest Scheme Fver Known, Fourth Goand Gl Concent FOR THE BENEFIT OF THE PUBLIC LIBRARY OF KENTUCKY. 12,000 Cash Gifts, $1,500,000. H250,000 foxr HSSO0. ‘Tho Fourth Grand Gift Concort authorized l.v{ !fl\uclfl act of the Logislaturo for the bonefit of the Publie Libra. £70F Kentoky will 1ako pinco th Publio Library Hall, 8% Loulsville, Ky., ‘Wedncsday, December 3, 1873, Only siaty thousand tickots will bo sold, Tho Hcketa s divitud {nto tan connnus or parte. At this Conocrt, which will bo the grandest musteal dtspiny ovor witncised fu this country, tlia unprocadonted ouw of $1,500,000, Disided fnto 12,000 cash gifts, will bo distributed by lot wouy the tickof-holders, ST OF GIFTS. RAND CASHE ( ONE GRAND CASII ¢ ONE GRAND CASIH 17,600 10 Cash Gifls, $10,000 100,000 30 Cash G 160,000 50 Cash Gifty, 1,000 cach.... 50,000 80 Cash G 600 ench.... 40,000 100 Cusle Gifts, 400 ench.... 40,000 150 Cash Giftay 300 ench.... 45,000 250 Cnuh Gifts, 200 ench.... 50,000 326 Cush Gifts, 100 ench.... 32,600 11,000 Cush Gifts, 550,000 Totaly 12,000 Gifts, ALL CASH, wnountiug to, 81,600,000 Tho distribution will bo positive whethor all the ticketa are eold or not, and tho 12,000 gifts oll paid in proportion 10 tho tickots sold. PRICE OF TICKETS. 0.00; Hnlros, 835.00; Tonths, or oac oo 20,001 om0 Ferthay, or oach Tickots for #1,000,00. ‘Wholo Tickets for 810,000.00. No dis §000.00 worth of Tickote at s time, ckots naw rondy for salo, and all ordors aceompantod by tho wmoney promptly flléd, " Liboral torm givon to 080 who buy o scll again. THO0S, E. BRAMLETTE, Agont Publ, Tabr. Ky. and Managor Gift Conce Publis Lilirary Bullding, Loutsvillo, Ry, Wo have no aggoncy at Ohicago, and oriora will havo'to o rent direat to tha home offica at Louiavillo. FINANCIAL. 3. D. EASTER, Prest. . F. G. WRLOIL, Vico Prest. shlar, 1, V. SMITH, The Garden City Savings Bank, CAPITAL, $100,000. No. 78 Sonth Halsm_d-st., near Madison-st TO TEIE JVEST SIDE BUSINESS MEN. THE GARDEN CITY SAVINGS BANK s propared to transact & Gonoral Banking Businoss. Interost nllowed on Doposits in Bavings Department. Colloctions mado on all availablo points, ond proceeds crodited on day of payment at OURRENT RATE OF EXCHANGE. Gold, Silver, and Cannda Currency bought and sold. Oftice Hours from 10 a. m. to 3 p. m., Mon- dnys and Suturdays until 8 p.m. Ada Smuth & o, Bankers, First Nalional Bank Building, soulhwest corner of Stale and Washinglon-sts,, Chicago, Dealers in Gold and Bilver Bullion, Bar, Leaf, Sheet, and Granulated Form for me- chanical pukposos. Deposits recoivod in_ either ourronoy or «coin, subject to check without notice, ix por cent interest allowed on all daily" balances. Checks upon us pass through the Olearing- Houso, ns if drawn upon nny city bani, Interost creditod, and aocounts-current rendered monthly. Coin and Currency Drafts on New ¥ork. KELLOGG, VOSWINKEL & CO., BANKERS, 94 LA SALLE-ST., CHICAGO. Dealers In U. 8, ouds, Gold, Forcign Colns, &a., draw bilapn Londoa: Liverpoul, Biinburkh, Glasgow,” Dub: ling Pnefs, Amstordam, Krankfort, sud’ il otfior princt. pal clties'of Kuropo. boll passago tiokets apd transact 3 gonoral banking and collcotion businoss, ~Interoat al- Tolvod on timo anil nasings doposita. W. KELLOGG, lato Socretary of N, W. Mut'l Lifo Ins: Col, Biimaukeo’ ato Vico-Frosidont of Rapallia 0., Chleagn, VOSWINKLL DORSELEN, Consul of tho Neth. . P erlanda. BUSINESS CARD. J. M. W. JONES, Wholesalo, Rotal, and Manufacturing STATIONER, 104 & 106 Madison-st. My facilities for tho manufaoturo of Blank Books and ntiog Hatizond and Commorelal Felnting are unsur. passed. Czsh country buyers will fiud 1t o thelr intereat to.call on me befors purohasing. DRESSMAKING,. New Dress & Cloak-Making Parlors, 356 WEST MADISON-8T. MME. PEREKINS, From New York (formerly of Chicago), takos pleasure in informing her triends sho is lo- cated at _above place, Work done in the mont artistic stylo, Bridal and Bvoning Dressos n spocinlty. LOTTERY, $300,000. Capital Prize, 850,000, IISSOURT STATE LOTTERY, Grand Bingle Number Soheme, 1oDane the last doy of oyorymonth, &880 Prizes amount, ing to #30,000. Whole tickols, v e R ¥ AT uis, Mo, : Hialvos, jon 164 CO., Box 348, Bt DISSOLUTION NOTICE. DISSOLUTION. Notice I Horaby glvon that ho copastnacahip heroto: fora oxating undor tho firm Rario s aigl of Kisse & Tt Gity i Ohicau -t iag ol b i tho ity of ONleago, s conuont, ” Fho watd Gharlos Mison ably 18 Aatharian colluct tho outatandlug account, and will pay all liabill tlea of said tirm. Ghicago, Bept. 24, 1673, JULES SONWARZ, RIXON. DISSOLUTION. The eopartrorship oxluting hatwsou tho undorslgned under (5o irn nuia of Allons Oinpin, Furotigre Bosh ore, at 4T Siato-at . was dlssoived Bopt.1, duis. O ial e it bl Ly mutual consont Allon will suttle the aTatrs of the o the Lusinows at the sama placo. I an o illiard Tabivs ara mow 0: Bought of the wall-kuown fem of ‘inanlsolurors: Tha rops s ficed uh fa il wtle Iy evury founcct, “reo oty will ba OrTe jurl ud oV s C o a.$urny, s tate-at, REAL ESTATE. SIS BANKS BALANCES AND OHEOKS ON National Banks, Taken in Paymont for Grove Lots at NORTH EVANSTON, T am offoring eome boautifal lnts, 50x190 foot, for 8600 to 8500, on monthly or annual paymonts, Theso lots aro convenlont to Depot, Stares, Sohool, and Ohuroh, and aro o and woll-paying invoatment. Pa tlontaken to soe the proporty. SAM’L, POLKXETY, 1< LaSalle-st. TO SAVINGS BANK DEPOSITORS. CLARKE, LAYTON & CO., until further notico, will sell first-class Chicago Real Estate at tho lowest market prices, or Houses and Lots and Unimproved Lots at ‘Washing- ton Heights, and take the cash pay- ments in books and checks on any of the Chicago Savings Banks. Thore is no better or safer investment than Chicago Real Estate. C. , LAYTON & CO., No. 120 LaSalle-st. T0 SAVINGS AND NATIONAL BANK DEPOSITORS. R. P. BLANCHARD, 158 LA SALLE-ST., Has property n all partaof tha oity and suburbs, which ho will sell clieap, taking as cash ono-half or moro or loss of your balance in bank, and agrooing to walt at loast six ‘months beforo drawing for any portion of the amount transforrod to him, thus giving your bauks moro time to roalize on thoir collatorals and hottor secaring tho ro- meindor of your balance. R. P. BLANCHARD, Roal Estato and Loan Brokor, 153 LaSallo- To Savings and National Bank Depositors, I will accept Chocks and Books on SAV- INGS or NATIONAL BANKS in payment for Real Hatate, or on notes duo or not due, given for Real 1latate horotofore sold. ABNER TA TAYLOR, 3 & 4 McCormick Block. FOR SALE--GREAT BARGAIN. Ji2a264 foot o South Park Bouloyard, rauning through to Vornon;ar., 361 fest santh of Thistysoven quire of JACOB WEIL & Northwast cornor of D n GENERAL NOTICES. TICKETS OF ADNISSION TO TEHE EXPOSITION. Tho following will be the rogulations in rogard to ad- rolssion to the Exposition, Tickots will bo lesued as fol- lows: EXHIBITORS' TICKETS, Admitting an exhibitor only, atany time durlng oxhibi tion hours, and posltively not transferable, $10. SEASON COMMUTATION TIOKETS, Good for thirty sdmisstons, §10, BINGLE TICKETS, Admitting the holdor to the Bullding, with privilege of romaining through the day and ovoning, excopt as hore- inafter specifiod, adulte, 50 cents; children, 25 conta. BINGLE TIOCKETS FOR SATURDAYS Admitting tho holder to tho Bullding, with privilege of roman ing through tho day and ovening, except as spect flod bolow, adults, 35 conta; chtldron, 15 conts. EMPLOYES' TIOKETS, Reglstered and not transferablo, and good for fortyad- misslons, may be purohased by Exhibitors only, for the ozcluzlve usu of persons in thoir omploy in tho Bullding, on written applioation to the Ohatrman of Ezsoutive Committao, $4. Erory Eshibitor's and Employe's Tioket will be regls- tered by numbor and tho name of purchssar, aud 4 pr soated by any other person will bo forfeltad. Whon Bpecial Entortaluments for evonigs are to b given, tho Bullding may bo closod at§ dolock p. m., and tho pricoof admiselon for tho ensuing ovening Iacroseod. Tiokets will bo on salo st tha Ticket Offces, on Mich. igan-av. near tho foot of Jackson and Monros-; d at tho Adsmest, ontrance. Esbibitors' and Se Commutation Tickets wil also bo sald at the Trossural Ofico n tho Bullding. ‘The entrance to tho Bullding for Visitorsand Ezhibltors 128t Adows.st. only, Exits at ofthor end of the Bullding. Carrlago oxit at South ond only. SPECIAL MEETING. Thoro will be & Bpeolsl Meoting of the Stockl the Colorado nm&; Forgred Enmmns. by oltes of ;:X’B;.P( |l.|.0nf, 6and 8 Wabash-av., on Baturday, Oct. 4, 10:80 8. m., for the purposs of oclosing tha by tho Compaty, . © Br t. WILLARD, Dress ICE. ICE. ICE. Packors and Browers wanting largo quan- e::‘ ;;figegnm: th? r‘mlAinfll?r Ugf flg{;‘ul}qnfi?)n. mitracts at 10w figuzos by oAt A at JAS.P B, 161 LaSalle-st. JUST RECEIVED BY Von Sohaack, Stevemson & Reid, Another Anvni f Porry's ) A L olion et Cometohe d Fhonte famsas Those goods aro rollabls, YOR SALE: OFFICE. STATIONERY GOODS Of all Kinds, at Wholesalo and Rotail, GULVER, PAGE, HOYNE & (O, 118 and 120 Monroe-st., Chicago. STOVEHS 'ho Amori , the ¢ 1 Bt g e ua Burer gl gy 319 Bt + cornar of Uonior GUNS. Braschloadars, from 825, Other guns, from 85, Kkinds ammunition, - Shells loaded to order, WILLIAMSON, GRAY & CO., Wost Madisas An HOTEL. IRVING HOURE, 148 & 160 Wabash-uv, Ohicago, Fislss Acormolgis o 160 Gasts, Terms, $2.00 per Day, Looated i it oAU S S ihnn neae il st tA ¥ ars : Bt i, N. N. WRST, Olutk, ob il ST, Ok, “fucuurly ot the ity Holal ' IRON PIPE, PUMPS, &o, WALWORTH, BROOKS & CO, 243 & 24b Lake-st., * COHEICAGO. TWROUGELIT Iron Pipe, Fittings, Valves, &o., For Staam, Gas and Water. STEAM PUMPS, For Foeding Dollors, Protection from Firo, and other usos. BELTING, HOSE, &c. Solo Agonts for Otls, Satoty Elovators, Beanfors Tumsoy & Co's Pumpa; slso, Contraotors for Sto Heating and Vontliating Cafalogucs, Liimates, and information_on application, Wmuul\l fron Pipe, by the car-load or In Iarga lots, st bottom prices, Bro. & Oo.'s Malioablo I Now York Steam Fittings C ron Fitt) COD LIVER OIL, WILLSON’S CARBOLATED (0D LIVER OIL Ta a Spacific and Radical Curo for CONSUMPTION. AND SCROFULOUS DISEASES, Remember the namo, **Willson's Carbolatod God Liver 011" Tt comes in Iargo wedgo:shaped bottlon, bearing tho inventor's slgnature, anc is sold by tho best Druggfsta. Preparod by J, H, Willson, 83 John-st,, N. ¥, For salo by all Druggists. HURLBUT & EDSALL: Chtioger. oo RICHANDSON & CO., Bt. Louts, Mo. MUSIOAL, HALLETT, DAVIS & C0.S PIANOS. SEVENTY-FIVE firat premiums award lod for HEST PIANOS. ,000) bave been manufactured and are) now in USE, Franz Liszt, first ot living Planiats, sas it 1s tho moast admirable inatrument avor miade., £7-Theso Planas, both Grand and Squaro, can bo asonin Chicago, In lacgo nuiibors, with o sariety of othér mauufactures, ai the Plana and Organ Wareroums of W. W. KIMBALL, STATE AND ADAMS-STS, A argo nssortment of now Planos and Or| FSRENT. ams ¥ Partios i ing to par by fustallzmonts oxn il bo accommodaty PAPER liANGINGS. Paper Hangings, BEDDING, Window Shades, & Upholstery Goods, AT HILGER, JENKINS & FAXON', (Buccessors to E. &, L, FAXON & C0), 107 ST ATE-ST., Four doors south of Washington, PAPER HANGINGS WEIOLESALE AT FACTORY PRICES. J. J. M'GRATHE, 174 & 176 State-st. WANTED, B 200 Bird ‘Wanted from 200 of the Poor Boya and Girls of thia city for the GRETNA GREEN MATINER ot Doxtor Park, SBaturday after- mnoon, Sopt. 27,1873, The boys must rogis- tor tho name, number, and kind of birde they will furnish, to-day (Friday), either at Gar- den City 8avings Bank, 78 Sonth Halstod.s! BSheldon’s, Wabash-a given them which, with bird in hand, will entitle them to frée rido to Park and baok, and freo admission. Haoh oagowill be num< bored, so that none can_bo lost. They must bo at Park by 1 o'clook Saturd, WANTED, Two old-fashtoned Btags Cosches for GRETNA GREEN Hiatinge atanars Koottt Doy & Koalsoshs Ber riaye Ak, G Randol ie. 1 and REMOVALS, REMOVAL! ‘We now ocoupy the Blogant,_and Bpacions Stong Front 8toro known as Nos, 53 and b4 LAKM.BT.,, fourdoors onat, of Stato-at,front- ing south, Whero we will bo ploasod t0 wel- dome all our numerous frionds and oustom- ors, during and after the Grand Bxposition, E. BURNHAM & SON. Ghlcago, Bopt, 2, 1873, REMOVAL. DR. T. W, BROPHY, Dentist, Has removod to N, W, coraur of State and Madison-ul, Hoom b, 'MEETINGS, Masonie. Orlontal Lodgo, No. &, A, F, & A, M, BSneclal Gom. munioatios dhie (lrlday) ovoning 7130 diolook, for work K, A Di » By orderof the Master, A Doees. G R UG Foorotars, THE FINANCIAL SITUATION. A Quiet Day in New York and Chicago. Banks Paying Currency for all Local Purposes, The Government Will Take No Further Action Concerning the Moncy Market, Philadelphia, Baltimoro, New Orleans Cincinnati, and St. Louis Banks follow tho Action of New York, $25,000,000 of Greenbacks Disbursed at the Sub- Treasury. The Purchase of Bonds Stop- ped. No Excitement in These Cities. Boston Banks Paying as Usual. A Panic and Ran in Mems« phis. Slight Commotion in Indian= apolis and Detroit. Tlinois and Iowa Country Banks Quist. The State of Trade. Buoyant [Fecling on the Board of Trade. Chicago Purchasers from Abroad Buying Grain with Greenbacks: The Union Stock Yards Glutted: NoJ More Cattle to Be Received at Present. Dry Goods Men Cheerful. Large Shipments of Gold from Xiver- pool and London to New York. THE SITUATION IN NEW YORK. Special Dispatch to The Chicago Tribune, New Yonz, Bopt, 25,—The day haa been ono of great uncertainty, but Hitle excitement. The crowd in ‘Wall atroot to-dsy was slmost entirely composed of tho # beara " in stocks who eagerly demandod that Ex- chango ba opencd, and a still largor number of lavos- tors, who wero suxious to purchaso etocks outright in order to Iny thom awsy, The excited crowds which havo ined the eidowalks and ornamented the Treasury Building wero misscd to<dny, The grest event this ‘morning, aud one which oxcited the most public atten- tion, was the announcement on the doora of the Treas- ury Building that the - + " IUNONASE OF BOKDS IAD DEKN GUSPENDED, Yestordsy Gon. Hillhouse had beon very husy in clrculating tho {nformation that $13,000,000 in greene backs had becn paid out from the Tressury, ‘To-lay {he nstounding fact became known that over $24,000,- 000 had beon paid out, Somo put it ns low ns $20,000,- 000, but thore ia tho best suthority for stating that, about 7 o'clock on Wednesdsy night, Gen. Hilliouss telegraphed that Lie had expended very noatly $25,000,~ 000, Tt hiss also becn discoverod that Gen, Hilliouse w8 not authorized to buy bonds to an unlimited ex- tent. o waa Instructed Lo stop tho purchases when a cortain contingency wea roachod, It is known that this contingency WAS THE ¥XPENDITORE OF $15,000,000 of greenbacks, Very nearly the wholo of this amount had beon gobbled by the street by 3 o'clock, Wednes- sy, and henco the annoancement that the Treasury had stopped buying, Strenuous efforts have been made to-day tolearn whothior this amount was part of tho 44,000,000 resorvo fund in tho Tressury, Gen. Hill- houso declinos to say whother it {a or not, and the natursl fuferenco is that it wea a part of tho $44,000,- 000 reserve, There were no moro auspensions, or rumors of ms- ‘pousion, to-day, although thers was apparently wido- sproad foeling on the sireet that A GENERAL GUSPENSION OF LARGE DANKING HOUSES 18 inovitabl, unless Governmout affords additionsi ald of & more substantial character than {t haa hitherto furnished, About 3 o'clock the followug private dis- patch waa received from Washington by a Wall stroot broker: # Bocrotary ichardson sa; a for i bauks to BT TWHRCE Paymebta OF SarEees, It s been rumorad_{his mornmg that the Prosiden Liaw been ndvised $o call an extra sesslon of Gongraas, In rogard to the matter of ADDITIONAL mELY, tho following private diupatch recoived at a late hour effoctually sottlos {lint fquestion : “Tho Attornoy-Gonoral hiod o conferonce with Secro- tary Richardson relative to tho financial crisis, Tha opinlon of tho Attorney-Genoral was saliclted as to tho power of tho Becrotary to redeom 740 bonds duo Jan, 1, Without the yiving of au apinton, tho confor- encd ended. ‘The act of March, 1660, known as an act to streugthen public credit, otd,, saya: *But nono of d intoreat-bearing obligatious not airendy matured 1 bo rendorod Of paii bofors maturiy. unlens. at such timea aa the Uniled Sintos notes shiall bo con- vartiblo fnto coln, at the optfon of tho holder, or un- Tos at auch Hmes aa bonds of tho United’ States, Learlug o lower rato of intorcst than bouds to be To- doctmed at par, bo aold at par in coln,' ¥rom thla it would apposr that tho Secretary cannot now rodeem bonds duo in 1874, TIE DANKS MADE THEID OLEARANCES sit right this morning, but as they are poylng out very fow greenbacks, thoy aro virtually Ina stato of aunpension, Thin atate of aifairs ownnot be prolonged for any groat length of time, AN INOIDENT 0¥ TIE DAY, While 8 roportor waa talking to-day with tho Oashler of a avings bink which Lus not as yet availed it uelf of tho sixty-daya rule, o doposttor who is a large manufacturer, ontored for the purpose of drawiug 1,000 with which topay off his employes, Tho Casliler asked him 1f o could not walt a fow days, astho bank found it imposatble o collect greonbacks from its bank of cloaranco, Tho dopositor, on belng sssured that the bank was sound, aud that delsy would be n great accommodation, conseated to put off his mon for a dsy or 4wo, and left, TRE GLOOM OF THE DAY, Further than tho well-sottlod fact, that the Tressury had declined to make furthor purchnses of bonds, thero was nothing caloulatod to depress, Tho streot ‘was encouraged from t1mo to tme by the unoficial an- nouncoment that purchaacs would bo resumed, but theso favorable stories do mot serve to dlspol tho dopression which hos scttlod upon all, Happily there was not oven a whispor that the Block Exchango would opon its doors, Tho wise Governing Committee, backed by tho universal sentimont of tha preas, kopt ita doors closed, Olearing-ouso banka ro- fused positively todo more than cortify lrge chocks small amounts could bo casily drawn, but if a man wanted a fow thousands, snd could not giv sntinfacto- £y proof thnt o needed it for legitimato busincns pur- poscs, lie would linvo to bo contont with & cortification of tho bani's indebtedness to bim, REMORSELEAS, The banks heeded no fudividusl ploss, but, doter- minal, they set thoir facos agolast Sndividunla for the gencral good. This served toencourage, At the samo timo tho announcement of Richordson to Vermilyo, that Governmont would not anttcipato the payment of ntereat on tho bonds of 1874, crented a doprossion and discontentmont, On this announcement, Prestdonts of baoks freoly oxpressed tho opinion that thoy MUST COMDINE BTILL FURTHER to protect thomsolvos, and eroakars assortod that such declsion must necossarily forco private bankers into tomporary suspenston, This declsion of the Sccretary ronderod the monsure of rollof adopted by tho Cloar- ing-Houso yosterday by the colloction and sal of bonds, practically noporative, While they might bnve colloctod bonds from among thomaolves, therd wea no purchasor for them tho Governmont liad practically susponded, THE TREARURY GOLD RALE, 100, wen postponad ; and this, with news fron othor clties, holped to ronder the street morbid but inactive, This fnsction s a necesslly, Every movemont thus far for rolfof by the Clearing-House Assoclation, Block- Bosrd, or Government, has nocessardly docroasod busie ness, and the consequenco is that thero is no fuol for tho flamo of tho panic to foed on, After tho day had worn ftself out, snd no further fallures had been afinounced, tho feoling becamo approciably improved, Thor was not & rumor about & banking-houso or banker ; and the panic-makorn— and thero are not a fow auch who doponded on a gen- cral conflogration for thelr profits—returncd home disgusted. THE PINAL nESULT of tho day and the panto fs, that tho whola mattor has been taken out of tho hands of thoso auperficial peoplo who aro readily oxcltod, and control evouts as far os thoy ato controllablo, Tho managememont of affairs i now in the hands of s more sblo and serious cluss, who are the hoad snd front of our most substantial benks, Theso hava loft privato bnkera to shift for themsclyes, Two or threo ko Joy Cooko & Co,, Olows & Co,,and Fisk & Hatch overloaded with doubtful ratlway securitios, bave suc- cumbed, Howea & Macy are strong etill, and, retaln- ing tho confidenco of their dopositors, hiave mado & ‘wise susponsion, which will probably enablo them to Tesume within o weck, As for the rost, we must awalt to-morrow, The uncasiness has now oxtonded to COMMEROLAL QINOLES} especially to shippors of grafn and other produce, who are compolled fo accept bills of cxchange. Theso {hoy cannot convert into precubacks, and honco thero 18 danger that the immenso volumoof brondstuffs which {a pouring into thia city from the West, and tho cotton and sugar comng from tho South will bo do- falnod hero for want of avalable funds to send them abroad, whore a ready markot and good prices await them, This phaso ot tho financial rovulsfon is just beginning to be felt, Unlesa rollef s moon obtained, ordora for, consignmonts from tho West and South will s00m censo altogetlicr. At the Produce Exclango mat~ tors ara very dull, and what littlo busincss fa trans~ acted 1s done gpon a strictly cash baals, Prices aro all tonding downward, snd many products aro salable only AT LOWER PRIOES, The exlsting mouetary troubles exerciss a depross- ing offect upon partics who have purchased stuff to ar- rive, Thoy contriva to receive and pay for it, though with great difficulty, Merchonta aro very cautlous, and will not sell to any party without first astisfying themselvos of hts ability to pay promptly. Ono of the members of the Governing Committea of the Btock ‘Excliange, after requeating that his name should be ‘withbiold, eaid last evouing that tho Committeo were greatly roturded in thelr offorts to socuro a sottlement botween memders of tho Exchango by the conduct of Freeman & Dovis and Osborn & Chapin, JAY GOULD'S DNOKENS, who seemn (o bo at the bottom of every tronsnction that s talten place during tho pano, It 1 hoped that within o fow doys the needed rellef will bo obiained, elther by tho shipment hero of coin from abroad, or by tho Issuanco of short-time notes by ono or mors leading bankers, THE PROFOBAL OF THE ATOOK EXODANGE Committeo to the Clearing-Iouso, that bauke accept certified checks of members of the Stock Exchiange in Meu of groonbacks, and thus enablo the Exchaugoto open, was not favorably received by a number of tho Bank Presidents, on the ground that any bank cerlify- ing » chock became rosponsible for ita payment, and It would be countetl against it as » Liability, THE OLEALING-IIOUAE ABBOOIATION held no meoting to-day, but the Governing Comrittes wan engaged in -issulng tho second installment loan cortificatos, The total issue hos reached $17,009,000, BUL-TREABURED UILLEOUSE #5y8 ho has not recelved any information of the future of Government it the purchaso of bonds, 1t isknown that a large amount of bonda are on the way hore from the country-bauks, to bo converted into greenbacks, and this frightons tho Government, TaE ofrrLow OF CURRENCY to the Weat and South atill continues unobated. Tho Adams Express ia sending $1,600,000 daily, whilo re- colving for the account of Now York only about $600,- 000, Tho United States Express Company iu sending out about $800,000 daily, recelving only a smalt amount, Tho American Express sonds a much larger amount than usual, whils its recelpta aroemall, In most instances, tho amount sont by individuals ranges from §20,000 to $30,000. (70 the Ausociated Press,) A QUIET PEELING, Nxw Yonx, Sopt. 25,~Tho feeling in Wpll strect wan much quicter to-dsy. No additional failures have boon reported, and, notwithstanding tho dissppoint- ‘ment folt at tho action of tho Bocrotary of tho Troas- ury, itis hoped tht confidence, which recelved #o sovere a shock on Monday, will soon bo restored, THERE WAS LESS APPARENT EXOITEMENT on the stroct to-day than on any other day sinco Thursday last, As ususl a crowd of brokers and their clerks collocted in front of the Btock Exclnnge, but tho number waa smallor than on previous days, and the generl tono of conversation was calm sud ra- tional, p TIE AOTION OF AEGNETARY BICHARDSON 1n stopping tho purchaso of bonds, and in refusing to anticipute the 5 por cent bonde of 1874, duo Jan, 1, was eagerly discussed, and, 80 far as could bo sscerlsined, ‘met with but modorate approval, While somo expreas groat auxloty for tho future, thero are many conserva- tlvo men who ara of opinion that tho ssaociated bauks aro fully ablo to Lold their own, and thot the back of the panio has at last boen brokon, TIE HTOOK EXOUANGE stlll remains closed, aud the common report s that It will not bo reopeued until Monday, in ooy ovent, aud posaibly not thon, unloas there shall bo a marked im. provement in tho condition of businous wattora. TIE OLEARING-LHOUBE, Al cloarings this morning wero satisfactorily made, Tho Committes of tho Oloaring-Houso, appoluted to considor the communication mado by commmitteo of tho Btook Exchiango yesterday, havo not yot taken action in rogard to it, but tho Chalrmen of the two Committees had & conforenco on tho subjoct tha morning, A prominent bank President said to-doy that o beliovod tho bauks wers working mmoothly, aud thought it doubtful §f tho recommendations made by thy Block Exchange Committes would bo adopted, DY 600D, The views of thoso prominent In the dry-goods trado are encouraging in the greatest dogroo, Busl- noss ls about o8 good thls month as 1t was duriug tho samo perlod lnst year, and shows hurdly any moro of & falllng off fhun’ would propurly accompuny tho end of the season, A fow buyers hold back, sud, Iudued, tho morchants do not care to sull oxcopt to par- tlew of whose stabllity thoy are well assured; Dut af- falrn go onin the ordinary grooves very much as usual, A meoting of soveral of th dry-goods men was held st Olaftin's Inst wook at which it was resolved to utand by eaclh other, 1t wan ogroed to deposit as usual with their bankers, au arravgoment baving boon mudo whereby thoy cau draw what money thy requiro for busincas purpones, s Lovotofore, The arrangement bisa beon found to work eatisfactorlly forall partics concornod, TUE 'RODUCE MARKET, A genoral conversation withi the dealers at tho Pro- duco Exchange to-dsy shows that the mer- ket for flour, breadstuffs, potroloum, and naval stores remaina i a notnfnal state, Dealors cannot act intelligently, or mako fulure contracte, whilo tho present uucortainty continiics) atid conse~ quently transactions sro limited, The grain ttadois extremoly quiet, the absonco of a market for commor~ clal oxchango cliecking business to a great cxtent. On thin account recotvors are unablo to disposo of thelr morchandiso to sbippers, and tho curront las set back {o the West, Largo smounts of grain havo ar- zived boro which woro intended for shipmont, and now romain in the warchouses in conscquence of the inability to negotiate forelgn exchange. By antici- pating the payment of the bonds of 1874, somo dealers think tho Governmont will afford s means of relfof, fas about two-thirds of thinclass of bonds are hield abroad, Leading grain morchants stato that the lock-up of curroncy haa actod upon tho trado in threo ways, Furat—Tt hub put o stop to tho moving of crops in tho Woat, and hos delayed consignmonts on tho way. Second—It hina causod foll fn prices of broadstnfTs in Now York, although not to any very great extent, Third—Tt haa seriously ombarrassed exporters {rom this clty to Europo, who cannot scll their oxchiango on Europe, and whoso shipping operations sre thus sum- marily susponded, IENIY CLEWS & 00, STATE that tho liabilitics which thelr London house describies a8 ncurred on nccount of the Now York houso aro Iargely accoptances under commercinl erodits, for tho account of various merchants n this city and elsc- whero, to whom tho drafts will bo returned, and who will meot thom, being proparod to do fo by having Boods placed in thelr posscosion against which the ace coptancos wero given, The apparent lisbilitles, there- fore, of the London houso will bo roduced to tho extont 10 whfch acceptances under tlics credits aro providod for by parties on whoso acconnt thoy wor fssted, THE BAVINGH BANKS, Tho run on the Jersey Uity aavings banks ceased this morning. The Hoboken banks aro all quict, and tlicrd hinn been 1o 1un on tho savings banks in Brooklyn or this clty to-day. ‘WHAT EX-BECRETANY BM'CULLOCI AAYS, Mr. McCulloch, ox-Secretary of tho Treasury, in tho ‘courso of u canversation, sald s * Tho only courso to o puraited for safoty now s a bold ono, froo aliko from fear or excitement, Tho suspension of Henry Clows & Co, I regard ns vory unfortunato—that firm I bavo understood fo bo b verv succosaful one, snd dolng @& largo business, In my ludgment, #t would havo beon wiso of its frionds to Liavo prevonted such an occurrenco at oil haze ards, The failuro of ono Lioues of its prominonce docs incalculablo inrm, by weakoning tho soneo of scourity in tho public mind, Ben get o that stage of uncer- talnty in which thoy sy, “To whom daro wo lond now?” ) THE FOREIGN DANKERH, A number of foreign oxchange bankors In this city have suggosted to tho Government ot Washington tho purchase of forelgn cxcliango 18 & messuro of roliof for the stringency of tho ourremcy merket; Tho suggestion is sald to be now under conmsid: eration by the Treasury oflicers, The follow- 1eg oxplanation of tho terms of tho suggestion fs mado The foreign bankers of New York offor these terma to tho Loan-ommitieo of the Glearing-Houso Association: “Wo will sell you our sixty-dsy bills on London, and take in poyment loan certificates, Wo purpose to take theso certificates to our bank and placo them to our eredit, W wil then buy tho bills on_Europe drawn sgainat the shipment of produce, and draw our checks therefor on our banks, payablo through the Clearing= House, Wo thus obviato tho mecossity of having greonbacks fn forwarding tho grain and produce now filling our market.” Rellef can bo given in this woy ‘without incrensing the demand for greenbacks, BUOIERS SQUANING UP, The financial article of the 74mes says: * Outsido of the working of businces ot bank, the stock brokers made fmportant progicss In sdjusting among them- selves tho euspondod contracta of last week, and the Governing Committee have ar- ranged for on informal comparlson, and 88 far s practicablo the clearance of the remaining ron- tract to-morraw, Of coursc, as loug ne the Exchiaugo remaius elosed such clearances cantiot be forced, but much good will be accomplished by ascertaining us far a8 possible tho magnitudo of tho difliculties which aro in the way of resuming regular business, Tho general fecling, however, {8 not paticnt as to the time of reopenlng the Exchange, grvecally us o, futuro means and medium of clearing #tocks are yot undo- termined,” The Times to-morrow, monetary situation, soy: know that tho crops ure ddenly checked in thelr progress to-tho sabourd; fiat tho” grain alseady ere caunot bo shipped ; that the forcign trade is almost extinct. Wo aro gradually getting back to the primitive system of ‘barter,” The Times nuggeats thut the Sccretary of tho Treasury consider tho propriety of the payment of tho 1874 bouds due voxt January, which will releazo about elght milliona of greenbacks, and ta purchase of sterling exchiange to the amount of five millions, and 1f the Government does not like to adopt either of theso expenscs without tho aanciion of Congress, it would bo woll tossk that sanction with ss Littlo delay as possible, cditorially_spoaking of tho *The Government must ——— MEMPHIS, TENN. Spectal Dispatch to The Chicago Tribune. Meupus, Sopt. 25.—~Tho yellow jack panfo was forced to give way to-day, to a certaln extent, by tho almost {nstantancous collapso or suspenston of the prominent banks, Whon the first bank—the Freod- men's Savings and Trust Company—hung out thelr suspending card, tho report about the stroct wos that every National Baok in tho city bad failed, and this roport spread over the city, A most alarming DEPRESSION WAS FELT IN COTTON CIRCLES, and sluce the bulk of Eastern oxchango wus most fo~ terested, middlings, which only a few days ago had brought 18 centa, lapsed to14 cents. More than one of our enterprising merchants wore long faces a8 tho roport of bank fallurea continued spreading, casting o gloom over the feelings of tho largest cotton, grocery, and commissfon merchants, and also over tha humbler ‘hiomes of tho mechanic and tho cottago of the laborer, At this timo 4 OUEAT nURI to Madison street was made; and by half-past 10 o'elock over 1,600 persons wore collocted along tho eidewalks, in front of tho bank bLuildings on tha thoroughfare, The corner of Blain and Madison streots was thronged by au anxious crowd, every ono talking nbout drafta, deposits, atsots, oxchange, lnbilities, homesty, oto, Tho true cause of allé this exclioment was npparent, over hlf a million dollars owned by partics in Memphis was now locked in the safos of theso banks, By looking to the door front of TIE ¥INST NATIONAL BANK, was to be seen a placard stating that this bank bad sus- peuded, Tho eagor looks of the oxoiled crowd also observed o similar placard stating that - THE DE 6070 DANK had suspended. This necensarily increased tho exe citoment, tho fasclnating iutensity of which charged evory cosusl podestraln and en- chained hundreds of loafers fo the spot, The crowd was wild with excitement, From the four quarters of the city, hundreds of gentlemon wers acon rushing to the Wall streot of Memphis, cach bearing & check of from $2,000 to $20,000, Beeing tho condition of affairs, and giving credenco to the wild rumor, the dopositors in other Lanks lost no time in penning drafts snd presenting them in peraon for Uquidation, TIE EXCITEMENT WAS INDESCRIDADLE, and was worthy of tlhe great fluancial convulsion in New York, The mercurial temperament of rash spec~ ulators overcamo the discrotion of sensible mon aud lonest tradaamon who have never known defeat or met with embarrassment in financial relations, A mob of excited depositors mado a rush upoen the Unfon and Planters' Bank, aud the most AWYUL CONYURION ovor witnessod in Memphis ensued, Masny porsons who had never deposited a cent in any bank Joined the erowd, and Ient tholr tonguesand wild lookato the ox- cltement of the occasion. 8o fast, indeed, did the crowd assomblo and pross upon the bank, that two POLIOEBMEN 1AD TO GUARD TIIK DOOR, and the peraccutions to which tho policomen wero sub- Jocted cannot bo told in this connection, By this timo tho bank ofticors had prepared their office for a successful fight, Oneby one the deposi. tors wore allowed to entor. Each draft was duly hon~ ored and every check was paid, Bo the run contin- ued until§ o’clock in the afternoon, when the door closed a8 uuual, tho public being givon to undorstand thoy would OPEN AGAIN IN THE MOUNING, Thoy may, but when their cauntry dopositors learn of the othor eusponsious, the run will bo oven groator thun that of to-day, The Gorman National was another that withstood the preussure, poying out (hirly or forty thous- and dollurs during the day. Tho assets of this bank largely oxcecded ita labillties from every concelvablo sourco, und no interruptions will rosult to ts regulur business ar commorcial rolations, When we relombor TUE CUTTON INTERESTS OF MEMIING amount to $37,600,000, out of tho city’s latest {ransac- tions, and & trado of $100,000,000, wo msy all readily sappreciate the valuo of banks, which add such a powerful loverage to one-third of this great an. nual staplo, in its handling and shipment from Mem. phis, To-morrow morning the DoSoto Dank wil publish . TRE FOLLOWING 0ATD ¢ “Tho aunetn of tho Do Soto Bank are smple to meet all 4ta liabilitios, and will be fallhfully collected and applied at tho sarlioat possible moment, In the menn. time, wo bopo to make such arrangementa as will ena- Dlo s to resuma businees at an early dny, 4James Edey, Prosfdont, 4T, I, FAnNswonTs, Cushior," Mr. Eldor anys tho DeSoto Bank Lns on and bills payablo amounting to $300,000, This paper fa at par, and Is a8 good an sty ane could destre, Tho usual de- posits of the bank amount to $900,000, but this amount, in view of tho expocted embarrassments n tho East, Lia been considerably reduced, ®o that the present doposits smount, o aoll, only to $225,000. Tho only loss that could result to tho bank is $1,200 on & bank in Philadolphin Pa. How far p OTHER LIABILITIES moy extend, {tis not at present accuratoly mado knawn, i3 Tho obligations of tho DeSoto are not heavy, and wa aro informed that every dotlar will bo paid, ‘Tho bank is pledged by tho Thank of Now York in the sum of $150,000, tho written promiso to this effock be- ing now in tho hands of the DeSolo Dink, Tho paid-up capital on tho D:Soto Bank i $285,000, whtich hua been fncreased, and now amounts to $234,« 000, by tho addition of tho $200,000 surplus dividonds recently declared, THE FREEDMEN'S PUDLISIE A OATD, asking sixty duys’ thuo to disposo of thelr Govornmon{ bonds and real aatate, The deposits on the last of July wero $120,903,33, That is the smount duo do- positors, Tho First Natfonal did larger busincss than any of thom, and its deposita may reach $100,000. A sfate- ment {s expected from them to-night, —_— CINCINNATI. Onvoiaazs, Sept. 2.~Tho Ginclonatl Clesring~ House Assochation has Junt adopted tio following : Jesolved, That for the protection of our commer- clil_interenis, and for tho purpose of proventing drain of currency from tho buiks and batkers of Lhls clty, wo do horsby ngree to sdopt rubstantiolly tho' plan adopted in Now York, Viz: they will not 'pay out currcncy ou chécks, except for »mall ume, t0 bo optional with tho banke upon whom thoy aro drawn, bt thoy whi corlify chocks drawn on balances n thelr hauds, payablo through the Cleurings Houso only.” Mattors wero in condition en ‘Chango to-lay to ronder it difiicult to furnish quolations, Thero wia 10 panicky fecling whatever, but o genoral disposition to stand atiil on tho part of both buyers and scllezs of everything, Thio action of tho bankn hiero was goncrally unox pocted, and the discuesion of this consumed the timo. Thero ars s0mo who bollove the courss Was ot o wisa orio, but tha provalling opinlon s that it was o pro- cauliotiary measuro Justified by the obligation which the banks owed to the gencral business community. Cixcsaty, O, Sopt, 35,—Tho_all-absorbing quess ton to-day hna beam thia nctlon of tho membors of the Cincinnati Clearing-Touso Assoctation, this morn ing, substantially following tho actlon of the Now York bamks with reforenco to the posment of depositors, Comparativaly fow per- Bous cxpected tho ovent wos fo {ramspiro s soon, if ot all. Many persons In commerclal aud financtal clrcloa wero anxious nbout tho futuro, but tho larger number wero of tho opinon that, unless tha troubles Enst should bocomo moro sggravated, tha bonks horo would be ablo to ull through, In consoe quonce, there waa no run on tho buuk that was 8o ¥laiblo to tho public oya as to exclts goncral apprelien- sion ; but tlo depletion was meverthless golng o Oincifinatt was honoring all demands., All bulances woro promptly transinitted, but, whilo this was pro- cceding, tho bLalances fn bor favor from elsowhera wero mot forthcomiug, esides, tho oceastonaf heavy dopositors, approhensive of prospectivo troubls wero quietly drawiug out their doposils and placing them in tho Safo Deposit Compauy, o clsowhere, whero thoy would be more avallablo in tho event of ultimato disster, Under such cirenmatances, the banks folt fhat without somo change fu the general situstion it was only n quention Of timo an to taking stepa looking to aclf-protection, and {0 tho protection of tho busincss {nterests of tho city. Thero was no reasonabloprospect of tho change hoped for, and it appeared only & question whotlier the precautionary steps should bo taken now, when tho banls bad strongth to help carry on tho induatrial and commercial intercats of the city, or walt with a strong probability that thoy would finally be compelled to take such setion after thoy had submitted to a comploto drain of currency, and thoy Dbo left in a dtustion fn which tho futorests of tho community must Liave looked tothom in vain for help, Tho decision was renched to tako the stop at once, and was publicly promulgated. Dy *Chaugo hour it was known by Targe number of business men of tho city, Businoss on 'Change, though tho ottendance was largo, was in conscquence substantially suspendod, Neither buyers nor sellers cared to move untl thoy had o clenrer viow of the sitnation, but thero was nothing ke a panicky fecling, Tho opinion provatled that it was bout to wit a fow days beforo doing much in general business, Durlng the afternoon, tho sction was frecly dlscussod du commercial clrcles, and though theroare somo prominent business men who doubt the expediency of thoact, very much the large numbor approve of the action, belleving it was, under tho circumstances, the beat thing to do, A moticeablo featurs was the absence of excitemont throughout the day, Business men commenced the work of niapting tuemsclves to tho changed circumstances, and toward the close of the day thero was an improved focling in almost all clrcles, The opinfon provails that tho business interests of tho city will be woll served by the work of the day. The banks have paid out sluco Mondny ‘morning eurrency variously oxtenuated from $500,000 10 $1,000,000. About $3,000,000, it s eald, remuin, and this, with the judiclous manogement promised Dy the banks, it is belfeved, will enablo them fo meet thie more pressing wants of businoss, There is some disposition to place tho futuro deposits of currency or oxchange on a differont footing from deposits mada prior to to-day, and though no goneral action has been determined on, somo of the bauks have signifod thelr intention of paying thelr dopositors of this sort in kind, that s, in currency or exchangs hereafter do- posited, to pay at the discretion of the depositors, il il desi KANSAS CITY, Special Dispatch to The Chicago Tribune. Kansas CITT, Mo., Sopt. 25.—All the auks of the city lust night, at o meeting bold by cashiers and bauk officars, resclved, first, that wo decline payments of checks or debts over otr counters elther in money or exchange; sccond, that Olearing Houso balancees shall bo carriod to the exteut of 75 per cent of approved collatorals, Tho announcement was well e~ colved and generally indorsed by the press and busi- ness community ss & precautionary measure, The Board of Trado to-day indorsed tho action of tha banks, fecling that it will tend to prevent unduc ex- clitement, The beavy business houses submit to the Inck of bank accommodations with good grace, all willing to protect the banks, Cattlo Teceipts, 1,104 ; shipments, 861, The action o the banks causcs o completo staguation of business at tho yards, eattlo belng driven into tho country to feed, Fow sules aro made, only of the soundest cat« tlo, Quotations are merely nominal, Tho Liog mais Kot collapaed from Esstorn buyers offoring $3.60 fn ox chiango, which is gonerally refused, Clty packers are dolng nothing, —_— DETROIT. Special Dispateh to The Chicago Tribune, Dernoir, Mich,, Bept, 25,—Wo have had quite a financisl flaviug hero to-dsy, ‘Thero Las been a run on the Dotrolt 8avings Dauk all day, It has patd all smnll checks, aud required thirty daye’ notico from aly others, A large crowd has beon in atteudauco and the polico lisve also been prescut to presorve or. der, Tho Peoplo's Savings Dank was honored WITH A BLIGUT BUN, also, during the whole morniug, but tho crowd around and In it ws not large at any ono time, Small deposit= ors were also paid Liero as fast as they presented their chhiccks as st tho other savings bauk, Ou (he Wayno County, Mechanieal, Gernun, and American thore thero was not enough of a run to deservo sny special montion, Early o (ho mornlug & run was commenced at tho private Lanking-house of David Treson & Co, which lhue for miony years dono a largo savings business, and now Lia many dopositors of this cluws, Tho bank wus kopt open for two hours, during which thuo n Inrgo amount of monuy was pald out, in tho hopo that the run might ccoso and business rosumo its regular chanuele, Tho house lud, howover no such resource to full back upon ss the notico whi ‘b (Continued on (he Eighth Page.)