Chicago Daily Tribune Newspaper, September 28, 1873, Page 3

shat neod be sald [, that the tone of conversa— tion was strong and hopotul. Thore was not a man “down in tho mouth,” and there should not be, & —— THE RATLROADS. THE OII0AGO, ALTON & BT. LOUIS ROAD. L. Blackstone, Prosidont of the Chleago, Alton & Bt. Louis Railroad, on_boing futor- viewed by & roportor, statod that thelr trolght businoss biad fallen off immensoly sinco tho sotting in of tho penle. Defora tho prosont oxoltoment thoy woro running 75 froight trains, whilo now thoy only run about G0 trains a day, This roduction has nocossitated nlroady the dis- chargo of about 200 mon, sud, should the panio coutinue much longer, tho sorvicos of many othera wyould hava to bo disponsed with, Btock shipmonts had entirely coased, and tho business in grain and produco had groatly fallen off. Thoy woro still bringing 1n about 200 carloads of grain o day. & THE MICKIGAN HOUTHERN, C. M. Gray, Genoral Froight Agont of tho Michigan Southorn Railroad, atated that all thoir largor slipments had been checkod, bacause tho shippors could not draw on New York ; yot thoy continue to run tho samo numbor of trains as before the panie, although tho trafus aro much emallor. Thoy hove not yot discharged nny of thoir men, and will discharge none unless tho panic should continus for a considerable length of imo, Ilo hasno doubt that tho prosont panic is tho result of our rotton stato of financial affairs, and under it such panics may ocour egain at any moment. Under tho pros- eut systom banks may suspond and resume ogoin ot will, thus throwing all business sud commorcial intorosts Into confusion. With & 8pocio besis such acts would bo considered sots of bankruptoy. Now was the time to ro- Bumo specie payment; thore would not bo another such a chance in fiftcon yoars. THE ROOK 1SLAND ROAD. Mr, Louia Vielo, Gouneral Froight Agent of Iho Chicago, Rock Island & Pacifio Railroad, on being asked by a reporter, “ How is your froight business ?” answered, “It is going to h—1 as fast na it con,” Mr. Violo atated that ho tele- graphed to all tho agonts yesterday to stop all shipments of grain and produce (stock ship- ment had alrendy beon stopped sovoral days ago). Thoy Lad takon off their froight trains, and diucl mrfind thus far about 600 men. He was in hopes that this panic would be over ina fow days. If not theralronds and tho banks would *go up " togethor, r, Hugh Riddle, the General SBuperintondent of the Chicago & Ttock Iuland, was also waltod upon. Hestatod that it was useless for thom to carry on busingss under the peculiar circum- stauces under which the country was laboring, aud thoy had, therofors, stopped thei froight business, He was in hopos, noverthe- losg, that, with the resumption of banks, their ‘business would bacome as prosperous again as evor. Inregard to finances, Mr. Riddle did not Jile to oxprosa an opinion ; he was more of a Tailroad man, ho said, than a financier. THE DBURLINGTOX & QUINOY. J. M. Walker, Esq., President of thio Chicago, Burlington & Quincy Railroad, statod that Lnoy‘J ‘wero atill running their usual number of freight. traing, though tho trains wore much smailer than usnal, "They wero still moving overything oexcopt cattlo. If partics had no money to pay for their froight, thoy wero recoiving grain in payment at markot rates, Had not yet dis- chbarged any of their men, nnd didn't iniond to, Unloss tho ‘panic continued somo time longer, If their lprnnonl meens of transportation should fnil them, thoy would provide somo othor measures for the shipment of grain and produce. They would continue their freight business como what mr:ly and at all hazards, He flmught business would become batter in a very fow days, . THE ILLINOIS CENTRAL. Mr. Mitcholl, the Superintendont of tho Illi- nois Contral Railrond, stated that he had given orders to reduce their force in accordsnce with tho falling off of business. He could not say how many mon bad been djacharged thus far, but thero was o cousiderable number of their men out of employment. They were still carry- ing everything but stock, ~ Ho hopad this thing was nearly over. There was nothing wanting but confidence. TRE MIODIGAN OCENTRAL. Mr. H, E. Sargent, General Buperintendent of tho Micliigan Contral Rallrosd, stated that dur- Ing the last two days their froight mon had re- oefvcd no ordora for shipments of city grain, but grain continued to arrive from tho country, ond is sent forward in porhaps one-haif the quantity horetofore. They found themselves considerably ecmbarrassed "in doing businces with their customers on account of the scarcity of money, many of them having their deposita and doing their business with the banks which have temporarily suspended. They were run- ving at this date about one-third loss through 1reight trains than last week, and were compolled to reduco their train_and working force at the west end of the road. e ey MECHANICAL INDUSTRIES, A DILIOENT INQUIRY on the part of the roporters of Titz TrIbUNE yes. terday failed to elicit any uudue excitemont among the manufacturing intercsts of the city. The report of the interviews with the leading convertera of the natural products into artificia) roquirements would take columns, but the gou. eral, and almost unanimous, expression may be briofly condensed in the statemont that notn single factory has suspended, and only a few have decronsed the number of their workmen. In every branch of mechanical and manufaotur~ ing industry thore pervades a wholesome spirit of cheerfulnoss, and, where confidence is not supremo, TOTE 18 BUOYANT, Notwithstanding firtful rumors of suspension, cuareful iuquiry Las developed the fact that the pumber of men, the mechanics, artisans, and Iaborers who bave boen thrown out of situations is excoptionally small, While there is no at- tempt to disguise the palpable fact that some— those whom in tho time of prosperity might be fostered—have been discharged, it cannot be #aid that tho productive maoufacturing wealth of the city hns been seriously decroased, Had times been flugh, aud ourrency abuund- ant, tho hour of discharge would have beon louger delayed. But in no reasonable senso hat nlarm caused the diminution of productive manufscturing industry. THE TEMPORARY CURTAILMENT of expenses not absolutely necessary to the de- velopment of the full mensnre of Chicago’s in- dustries will undoubtedly result in individual ingtances of hardship, but so far the menaure of relief to capitalists has not grown into the prob- T this 8705, aud, whon Jay Cooke exploded, he waa afrald his bank would follow sult, so ho went and drow the $705, and putting 1t in his insido vest pocket—the veat was of tho double-breasted ordor—startod for nome. On tho way Lie oxperioncod the nensation of n mur- doror who thinks evory man that looks at him is a minion of justico in dlsgutse, So Mr. Lolli- pop thought every man ho mot was & thiof and a robbor. He buttonoed his coat, and wended his way homeward vis alloys aud back atrects, 8o ns to avold as much ag possible the dangors that lurk in orowded thoroughfares, TIE REACHED HOME in safoty. Mra. Lollipop kissod him, wonderod what brouglit him homo 8o early—for ho was seveoral hours in ndvance of time—and the doar lady was gratified when ho stated—the uncon- scionable fibbor—that ho could not mtay nway from tho darling of his honrt and soul a moment longer than business dotained him, and, whon business ended rather promaturcly that dwy, he Lurried home by tho shortest route to fonst hia eyes on her and the baby—which, he addod, was tho picturo of its haudsomo mothor, Now Lolli[}np was of that class of males who have no faith iu tho powprof women to hold their tongues and koop a seoret. Accordiugly ho made up* his mind—thero wasn't much of 'it, and it didn't takolong to make it up—that ho would confino his pecuoinry burden to Lis own bosom. Boforo supper, with the monoy in tho ingide vost pockot, and his coat buttoued, he called on o nelfihbor of a sporting turn of mind, and borrowed =» doublo-barroled shot-gun. _This ho marched intothe house with, and whon Maria—that was Mra, Lollipop's front namoe—inquired if ho intouded converting the promisos into an arsonal, he suggested tho pro- prioty of being < PREPARED FOR EMERGENOIES— emorgonoies being mighty uucortain, and likely to happen at any moment. Thoir child was boau- tiful—it was tho dead imago of its mothor,— onud he had been impressed for somo timo with the notion that somo one would steal the dar- ling, and then what would become of bhim? Buch babics were sa mcarce ns currenoy and as inconvortiblo as bonds. Should any one try to rob him of his eherub thoey should olimb ovoer his cold corpse to an inglorious grave. Nover, no, nover, should his affoctions be ruth- lossly invaded. > Tho ovening woro on. Lollipop was all the timo putting his hand to his sido to reassure himself that the 8705 waa still there, explaming to his wife that bo had & pnl}mnllon of the heare, and did not fool like himeolf at all, The foolish woman—like a great many other wives—bolioved hor husband, though ho was lying like a pirate, It soon came to be bed time, and while Mru, Lollipop was rmlucing tho baby to the state of *‘ beauty unadorned,'" he insisted upon fixing the oradlo, and whilo doing so ateanltbily slid the 8705 under tho spot whero the procious offspring would ropose its littlo body. Mra, Lollipop con= cluded he hind taken a domestic turn of mind, and hoped it would bo prolonged indefinitely, becauso it would be handy whon the {.mm or Lollipops becams numerous. Finally, the brfi»y was pinced on top of tho $705. Lollipop roa- soned that it would bo THE BAFEST PLACE, 28 bilrglara would hardly be go hard-hea-ted a3 to disturb the dreams of 8o young and promising s memboer of socioty na that offshoot of the Lol- lipop troe was sure to become in the course of the noxt filteon or twenty yoars. Asa further procaution, ho moved tho ‘oradle round to his Bide of tho bed, alluiing to hia wifo that sho must be worn out rocking tho cradlo for the last six months, 80 ho would try his hand. The do- mestie idea entered his wife's mind again, and she inwardly rejolced. Planting the musket, half-cocked, at the besd of tho cradle, ho and his better-half lay themsolves down. Mrs, Lollipop siept the slecp of the just, and hor gentle snoring tloated on the nighi_air like the echo of & whip-poor-will through a Virginian forost, Not 8o with Lollipop. Ho was as ner- vous as an aspen leaf, and sloep refused to close his oyelids, He bogan to racollect that the house was not insured, and it might take fire. In the hurry of escape he might possibly FORGET THE $705, and then what would become of him? Ho mado up his miud that if the house did talke fire Lo would throw the cherub on the floor, run out doora with the §705, and if his wife didn't think of tho baby he'd come back for hor, provided the room was mnobt full of smoke. It took Lim sn hour to decide on the fatherly line of action, and he was bogin~ ning to enter the suburbs of dreamland, when on the midnight silenco broke the awful sound of the fire-bell. Ordinarily that would not have caused him the loss of & wink of slecp. Now ho was agitated. Ho made a standing jump from tho bed to the floor, and grasped hig way in his night-shirt to the roof, where ho stood like a apectre againet tho blackness of the sky. Ile Listened liko an Indion, but could not piace the firo, 80 he nennned the horizon, and kept on scan- ning for half an_hour, when he began to sncezo and shiver, and thought as he was eatching cold Le would gotobed, By tho timo he got down- stairs, his wifo, who supponed he had gone for o drink of water, was up turning the cradlo inside out to make it more comfortable for the baby. This nearly set him ciazy. Tho notos wero mixed uwp “with the clothes, Equal to the o casion, he startod his wife down-stairs for THE BOOTHING SYRUP, and while she was away he gachered the billato other and stuck them benind a large mirror that hung on the rear wall. Then he began that nooturnal persmbulation which is the only ox- ercise somo fathors got, and by half-past 2 the chorub's feclings were eoothed, and sho was in the embrace of Morpheus, He put her in the cradle and moved it round to his wife's side gfbfihe couch as he was never cut out to rock abios, ability of taxation on charity, The number of men discharged from sctivo employment has been only enough to constitute a small YM- centago of tho hands nm&l’oyed and the Txon ion of the reduction of heads and hands in pro- ductive work is s much with tho artisan and laborer as with the contractor nnd capitalist. FROM PRESENT INDICATIONH thore ia no fear of lous ta him who toila. If the immadiate wages of his labor be not inatautly forthcoming on domand, his akill and muscle is accumulatiog savings and capital against the day when the sure roliof that muet come will givo him acash balauco, TO TUE INFINITE CREDIT of Chicago's mechanics, and artisans, and labor- ers, it may bo eaid that, despite the storm of disaatrous” yumor, tuoy take & moust prac- tical and memmible viow of the sltun tion, ond, standing with their brawny arms and ablo bodics, thoy bolster and support tho fortunos of thoso whoso braius are worried snd wearied in the conjecture and calculation of futuro fortune, A FEW, NOT MANY, of Chleago's maaufacturing and bulldlng capt- talists and contractors have contemplated, and individuals buve excouted, the intent to atop the Industrios, foaring tomporary loss. Baf tho numbor of theso is 8o incousiderable aa not se- riously, so far, to affeot hor material dovelop- ment,”’ Bhould furthor disastor follow prosont dlseppoimtment, the f’mnt meotings of omployor aud cmploved will, If' wlsoly conduoted, provent unproductlve idlouess to oither, and sccure lifo and profit to both, e THE PANIC IN A FAMILY, TII8 18 A BAD TALE, «4nd profatory notice is hereby given to porsons of tonder sonsibilities who feol for human suf- fering in any form to pass it by, and beforo they read further to stop right hero, Mr, Lolli- pop I8 tho gontlomau under consideration. Tho placo and timo of his notoriety aro of no earthly congequenco; suffice it to may that, soveral yeara 8go, Lie settled In Chicago, and by indus.' fry scoumulated a littlo somothing, part of which he prudently invested in suburban lots, aud the balance, amounting to $705," ke placed In'w savings bank, Ho thought a great deal of Once more bio slretched his weary limbs, and thought ho would go to sloop. Ho ‘wgs on the vnrgn of forfotmlnuan when a noisé izithe buck yord reached his enger ears. Up he jumped, and out bo went to find a vnfi{nnt cur prowliog around the kitchen window. Back to baed again, and this time to nlm:F. Ho slept balf an hour, ‘when he was startled by anoise of something 1alling at the other end of the room, in the di- rection of tho mirror whore the 3705 was bid away. All he'thought of was the money. IIo grasped the trusty musket, and without asking ‘who was there, ZED AWAY DLA: with both barrels. Mra. Lollipop suddenly waking, and not thinking of the gun, screamcd murder at tho top of her voice, nnd yelled so that she was heard s block away. Tho cherub swolled the chorus. Lollipopshouted “Robbers " Losa than no time there was a orowd of neigh- bors at the door, overy man of them expecting to see a fresh corpse or two; a policoman who hoard the shouts did not go near them, of course, but ran back to the atation for help. By the time the officers reached tho scone thore was light, and at the end of the apartmont lay s gory corpse, and linnging up was what was once a mirror which Mrs, Lulllgxo?rmm 'wont to gazo, while making up hor back hair, Bits of gless were round the flaor. When Lollipop went to the door to lot in the officers, they asked him who did the ehooting. He !fifl{nd that be did. Two of the officors hur- ried him to the station, and after being booked for murder, cast him into a coll. Tie other ofii~ cers remained to take chiarge of THE CORFSE, The lifeless body lay on the floor, and Mra. Lollipop was ~ weoplng for ' the doath of her favorite tortoise-shell cat, which was _ o present from her firnndmo!hor. It was only a cat, aftor all, Cat- ko, it tried to stenl, not fhe 8705, but the cher- ub's *goody,” which lay on the stand benoath the mirror. The day after, Lollipop returned his money to the bank, the gun to its owner, and bought two cata for his wifo, as gome roparation, as woll ay a slight token of undiminished iovo, This owor-true tala shows how foolish it {y to konl) monoy at home, It is & constaut sourco of anxloty and troublo, whereas in the banks it is safer than anywhero else, 'Thank fortuno, thore are not many Lollipops in Ohicago, —_———— IN GENERAL, THAK RECEIPTH OF CURLENOY since our last roport, as shown by tho books of the oxpross companies, amounted, up to mid- night last night, to nearly $700,000. Of this, noarly 300,000 cama by the Amorican Exproxs Company, $200,000 by the United Statos Expross Company, and $175,000 (ostimated) by tho Adams Expross Company, Of this sum, proba- bly $200,000 ocome aftor bank hours, so that on Monday morning the probabil- ity is, that the amount of ourroncy to bo delivored by tho express companios to tho various mouney Inetitutions and firms of the oity will reach 81,260,000, Outsido of this will bo the by no moans inconsiderable addition whioch will be brought In by speoulntors from difforent parts, noting as their own expross com- panios for tho occasion, PUDLIC-RPINITED MEN, We are Informed that Messrs, J. W. Doano & Co, the wellknown grocery Importing boase, deposited, yesterday, in the Mer- chants' Loan and Trust Company, tho megnificent sum ‘of over $100,000 | pany, in ourroncy, and Mr, 8, 400,000 in anothor prominent bank. Such pub- lie-spirited and plucky citizens deserve infinito crodit. If otliors would put out their money in- atead of hoarding it, the stringency would soon conno, Actions lilo those are nobls, and do not lnok like & lnck of confidenco in Chicago busi- ness., PEBHONAL, In tho lint of Diroctors of the Union Natlonal Bank who pledged thomselven as personally liublo for tho obligations of the Lanlk the name of Daniol Thompson, one of ity most rospunsi- blo representntives, was unintentionally omitted in yestorday's issne, TIE BUSPENDED. Tho only susponsion of Chicago banks yester- dny was that of the Third Nationnl. Every othor bonk claared on Friday passed anfal{ Rx’mu“h the Clearing-Houso yosterday., Tho list of sus- ponded numbors six, ay foflows: Union Na- toual, Manufucturors’ Natioual, Sccond Nation- al, National Bauk of Commerco, Cook County Natiotnl, aud Third National. LINCOLN PARR wag crowded with peoplo listoning to the musie, aud there was as many teams aud carringos as on any othior Saturdny, ‘This shows that tho povie has not seized the poople,whoso oxemplifi- cation of common souso in tlio crisis we have passed throngh was the finest ovor shown by any people. AN UNFOUNDED RUMOR. Tho rumor on tho strast yostorday that Fleld, Laiter & Co. had 1contlad from tho railway dopots goods onco platformed for shipmont to country purchasers wag uttorly uufoundod, To a Trin- UNE reporter Mr, Lelter yosterday stated that tho firm was doing business ns usnal ; had refus- od no shipmonts, dischnrged no employos, aud H04Y 1o neceselty for either mensure, —e ELSEWHERE. A GENERAL REVIEW. TILE PROSPECT BRIGHTENING, New Yonxk, Sopt. 27.—It is the opinion of per- sons conversant with financinl movements that tho prospect 18 steadily brightening. Tho banks and savings institutions are paying out money moro freely to meot labor pay-rolls, and tho Govornment, it is atated, offora to propay the No- vomber interost of over $14.000,000. It has beon decided by the Governing Committeo to OPEN TUE BTOCK EXOUANGE on Tuesdny next. This nction was precipitated by a resolution of the Clearing-House authoriz- ing an unlimited 18sue of loau certiticates, Many wera opposed to oponing the Stock Exchango, but, after the action of the Governors was made known, there was a goneial acquicsconce. The Committeo will, on Monday, adopt some mothod in rogard to the closing out of old contracts yot unsettled, and will, no doubt, give every man amplo timo to turn himeolf aud mako good his obligations, Outside quotations doubtless have had their in- fluenco in causing the reopening of the Ex- chango, for on the strect a man with & hundred shares of stock, under the panio feeling, could depress tho ontire share-capital, and make an unfair index of what tho stock could bo consid- ered worth. It is urged that lenioncy be shown to overy member in need of it, and nearly all ob- ligations can bo mot. No stocks should be sold out under tho rulo for many days, and in every way facilitics should be extonded to membors. Brokors made EXTENSIVE BETTLEMENTS OF CONTRACTS to-day, nud the euccessful olesriug of 8,000 shares of Lake Shore by one of Vauderbilt's brokers advanced the prico of that stock about 10 per cout, whilo other stocks have Fanomlly risen from 8 to 9 per cent, Fol- owing shows tho prices current for the lend- ing stocks, Wednosday, Sopt. 17, the day befora Juy €ooke & Co. failed, aud thoso curroot on the streov to-day : COMPATATIVE STATEMENTS, Sept. 1T, Sepl, 27, N. Y. Central, 005 [ . ¢ 24y The following shows the prices current on the Chicngo and Boston fire panics and those on the strost to-duy Chicago _ Roston Present Sfircspanite, fire-punie. " tane. New York Central & Muidsoi,f4 t¢ 8 8 Lake Buors, 8317 67 Northwester N 38 Rock Istan Iy & Pucific Mall, P Milwakeo & 8t Tani, 5 27 Westeru Union Telegraph152i¢ [ Wubush, . i1 Union Paci 1 Oblo & Misslssipp 2 The prices given for to-day are tho lowest made, aud they are nmeasonauly low, THERE WAS A LARGE ADVANCE on theso prices wheu it was auncuuced that the Stock Exchange would be oponed on Tucuday, At tlie auction of hypothecuted stocks, to-day, the fullowing sales were made: Y6 shares Clovelaud, Columbus, Cincinuati & Indinuapolis Rnilroad, 69 ; 166 saares Delaware & Hudson Canal Com- 104@102}¢@101; 100 shares Ohio & Missiasippi Ruilroud proferred, 6U; 80 shares Morris & Essex Ruilroad, 80; 80 shares Dela- ware, Lackawanus & Westers Railrond, 853 100 phiares Union Pacific Raifrond, 19 ; 200 shares Pacitic Railroad of Miswouri, 80; 100 sharns At- lantic & Pacifio Rnilrond preferred, 16; 500 sharos Chicago & Northwostern Railrond pre- forred, 623¢ to 613¢; $0.000 Union Pacific land- graug bouds, 63 10 64 ; £3,000 Union Pacific in~ come 10 per cent bouds, 53. Offerings of Lale Shore and Now York Coutral wore withdrawn from sale. THE REPONTED FAILUNE yestorday on the Produce Exchange of Shot- woll & Brothier proved only temporary. Ixten- sious were immadiately granted, and the bouse goes on transacting businesy us usual, Another house was reported in trouble, and st & meoting of its creditors it was decided to carry thom through on an oxtension of its paper. EXPOLTS, Notwithstanding the ditliculty exporionced by shippers in negotiating bills of oxchanges, the oxports by different steamors to-day do not #eeim to be much less thau the amount carried bofore the pressut financial erisis, The quan- tity of cotron shipped, Lhowever, is not as large a8 usual, and a largo amount was received diroct from Bouthern ports, and immediatoly trans- forred to Liverpool veasols. ‘I'he mnnngers of a fow lines, in order to complete cargoes, have takon grain at » slight reduction por bushel, but tho gonoral rato for whoat is still 13@14d. A fow shippers who had engaged froight room for to-day’s steamers find it impossible to Ksy the rates demanded, and the managers of the prin- cipal lines, 1t is #aid, 1 viow of the panis whioh Las taken place since tho coutracts- were made, ltmve accommodated them to a considerablo ox- ont. THE BHIPPING INTEREST, A visit to the principal steamubip offices was made to-dny, and the managors wero ques- tioned regarding the effocts of tho money stringency on frolghts. The fol- lowing Is a wynopsis of tho information obtained. ‘The Georgims, which eails for Glas- gow noext Wadnesday, “will have a full cargo of Koneral morchandiwe, including six loads of wheat, Tho ruling rate charged is 18}§@14d. The officors of this line sy that no percoptible offect ks boou cmusod by the pauis. Tho ofii- cors of the Hamburg steainers ssy the monotary diflloultios have not intecfered with thoir busi- noes. Their dooks are filled with froight, sud the Cambrin, which leaves Oct. 3, has hor cargo vearly comploted. Most of tho contracts wero made boforo the panle bogan, and tho prospect for future business is nncourné,'iu . The ntonmer Lgypt wniled for Liverpool to-day with o full cargo, including 900 bales of cotton from South- orn ports, One load of grain to fill up was takon at 1054d, A first-rate cargo Is alroady so- cured for the Denmarlk, which lenves Oct. 1, and they do not think tho amount of freight to be takon by future stoamers will be matorially di- mintshed, Tho cargo of tho stesmor Pombroko, for Wales, which enila Qot. 6, i8 about [fully ongaged, and will cousist prin- cipally of wheat ‘at 15d. Most of the ongago- monts woro mado gomo time ago. One of the oflvors #aid some shippors might porfoct their ongagoments in consoyuence of tho exchange trouble, but ho thought the prospoct for iflud cargoes wus quito onconraging, 'I'he Republie, which uailed to-day, oarriod u bottar cargo thai tho stoamor of last week, lireo huudrod bales of cotton wero takon, und tho rost of the oargu connisted principally of provisions and whoat, the Iattor nt 14d per bushel. 'Tho manager of tho froight departmont snid hio thought Westorn ahippory, vather than submit to lows through oonimisslon mon, will sond thow grain divootly 1o E“m‘lm’ und awmt romittances, 'Cho Anglia uailod for Glasgow with & full eargo, Ono of -ho gontlemen counectod with the froight de- partmont enid he thought that whatevor diffioul- y biad oxiated amoug ! 1lm>orn was nearly over, #4 bankers woro hu{nnz lls of oxchango. Of coursie, he sald, they were paying but low CUICAGO DAILY TRIBUNE: SUNDAY, SEPTEMBER 2 1873 rates, yot ahl[:lvun ocould afford to oxport with slég profit. Tho stonmors of the North German Line, carry but littlo rain, A largo amount of tobacco and hardware cavos by overy stoamor. Engagemonts have boon made for” Octobor, and the Company has rofused a large ?unntuy of tobaceo. The Wosor aallod with o full eargo, and will be followed by tho Hanea and Main, onch with a first-rate cargo, A fow contracts for wheat to fill up woro taken by tho Iuman Lino at 10%¢@ por bushel, The steamor City of Montronl, howevar, anilod to-day with a cargo, tho greater part of ‘which wna ro- coived at raton of lnst week. No decreaso in ship- monts of grain is noticed. The engagomonts of most. shlp{lm extend to Octobor. " Tho Clty of Chonter, toenll next Saturday, Isnently full, and tho Company has_frelght cnough ahend to lond sovoral vessole, Tha Cunard Company hing made no reduction in frolght rates, aud the Abyssinin sailed to-dny with o full eargo. Tha steamor Wyoming loft to-dny with a full cargo, No reduction was mado in freight rates, Bomo prominent financiers mut lnst evening in the rooms of tha Morcantile Library Associn~ tion, and after consullation rolative {6 the pres- ont coudition of financial and commercial afTairs, adopted the following : Jtesolved, That all our eforts should now b directed o tho support of trada aud cotneree, and {o pro- mioting thelr greatost possible efficiency i carrging on tho vast exchanges of commodities incident to our bountiful hurvest. Itesolved, — Thit we recommond to banks the mujutenanico of their union so happlly begun, sud carneatly roquest that 1t bo supplemented by n Joint resolution to discount frecly commereinl paper of undoubted charncter, which on Mke occa~ slous In 1860 and 1861 soon offcctually nnd prompily triumplied over the insano paulc of thion years, Jtesolved, That we have undoubting confitenco that tho poliey of liberal discounting will finmee dintely restore” tranquillity to the public mind as it diil fn tho yeara above nnmed, and thus Lring to tho caffers of tho sseociated banks tho $13,000,000 of reenbacks pafd out by the Government within the uet fow dnys fn eoxchange for Government bonds wlich aro now hoarded by savings banks snd indie viduals, ———— NEW YORK. TXGULAR MARKET REPORT. New Yonx, Bopt. 27.—1Tho ton days' closing this atternoon lave boen the most oventful in flnancial clrclos for fifteon yoars, The oxcito- mout bos raged without limit, and at times there #eomed no end to calamities pomsiblo. On Thursday the fires died out for want of fuel, so farus Wall stroot was concernod, Thoy then began thoir work in mercantile circles, but thore Is now reasonablo Lopo that thoy may bo chiecked, and that, what Las oftou boen said, tho worat hau been soon. T'he day closod with n decidodly botter fooling in all diicetions. FOREION EXCHANGE closed with improved tone, tho last quota- blo ratos having beon' 104@1043 for prime baukers' aixty-day storling, 105 for bank- ory’ demand, 105}6@108%¢ for cabla tranwfers, and 102@103 for sixty-day commoreial, +gt 104 for threo days’ sight, JONEY, Thero was no regular rates for monoy, loans having ranged from i [lmr day to 7 por cont per annun. As a remurkablo instance of the restora- tion of confidence now going on, it is mentioned that money, which has boon extromoly scarce at »@2c per cont por diom, was necessiblo at 7 por cent ou approved collaterals, In this connec- tion, it mny bo stated that the rosumption ar- rangemont of Honry Clows & Co., Las ro- ceived genoral indorsement, and most of thoir old customors have ncquicsced in transforring thoir nccounts to the new spocial acconnts on their books, Numerous new accounts hiavo atso boen oponed. Mersrs, Howes & Mac: make an almost similar report, all of whlc% gocea to show that the lately suspended firms re- tain the contidouce of thoir ocustomers and the sympathy of business men generally, GoLD wag unusually active, and at times the room pre- sentod an animated appearauce, The price opened at 1141¢, advanced to 11534, declined to 1131, ral- lied to 1187¢, and inlato dealings saled woro made at 1i3). At the opening of the room loans on gold were made at 3¢ per ceut, but the rate soon fell to fiat, fullowed by su advanco to per cent, and finally o roaction to flat. Tho nuk statement will not bo ready before Mon- dab. 'Tho Assistant Treasurer paid out to-day £0,000 on_nccount of interest, aud in redemp. tion of 5.20 bonds. Customs ' rocoipts to-day, $277,000 5 for the weok, $1,908,887. Total im- ports for the weok, 310,303,468, of which 37,4 702 were morchandiso, and'$3,497,766 dry good Amount of dry goods marketed, $8,80, Total oxports of specio sco Jan. 1, $10- 851,151 aygainut 857,973,851 lust year. HTOCKS, Street doalings were small and devold of any now fenture early in the day excopt that prices were lower, in consequence of s pressure to sell stooks for cash, but in the afternoon an improved feeliug provailed, the chango boing sndden and very marked. DPrices advauced rapidly on small offorings, A largs business would lave been dono if thore had been money to buy scocks, but stroot dealers did not appear to have money. _ T'he Emmz advance was in Lako ~ Shuro, which roso from 62 to 76; Now York Contralsold up to 92; Western Union, 625 Ruck lslaud, 88 ; Harlem, 110; Pactio Mail, 82; ond Union Facific, 21.° At the close the market wes very irregulur, from the fact that 80 fow stocks wera offered. The following are the latest prices current among the crowd of miscollnneous operators ou the utreet : Now York Contral_aud Hudson, 90 bid, 93 askod ; Erie, 60, 553 Lako Shoro, 73, 76; North- westorn, 40, 45; Rock Inland, 87, 90; Pacific BEwil, 31, 32 St.Taul, 29, 30: Ohios, 30, 82; Weste ern Union Tolograpli, 61, 65; Wabash, 42,45 Union Pacific, 20, 82; C., C. &L O,, 21, 22} Hurlem, 100, 110, It was rumored late in tho day that one indi- vidunl had borrowed from 25,000,000 to :310,000,~ 000 on New York Central aud Luke Shors and bonds, and also that other largo loans had been made on varions stocks, e WASHINGTON. Special Dispatch to The Chicago Tribune, Wasuxaroy, D. 0., Sept. 27.—The Secrotary of the Treasury thinks the financial situation, a8 indicated by private as well as press telo- gramu, is improved to-day, aud that coufldence 18 gradually taking the placo of doubt and appre- Lension in the minds of tho community at large. It is genorally conceded by nearly everybody tliat the Government is powerloss to do anything further to_afford relicf, and that from the ox- perience of the puat weok it makes but little differ- enco whather or not the Governmont were to ex- baust, in what is deemed a logitimate way, tho firoator part or ovan e wholo of the 914,000,000 legal resorve, Thereforo tho financial programmo of the Treasury for noxt month will ba Imfi:od for on Monday with really loss intorest by banlers or atock epeculators than at any timo for more than a yoar, Tho general sentimont in regard to the showing made by Juy Cooke & Co., in the atatoment that has beon published, is that, in"brokors parlanco, “Itis as thin ay wator, and not a groat deal botter is thought of the roport of the condition of the suspended First Ehuonnl, of this city, mude by the Receiver to- ny. CONDITION OF THE FIRST NATIONAL BANK, ‘Wasmianton, Sopt, 27,—Edwin L, Stanton, Tecelver of tho First National Bauk, hias mado & roport to_the Comptroller of tho Curroncy, and says: Whilo a precise comparison cannot yot be mado, a careful examination causos me to be- liove that the followiug statomont of resources and liabilities of the bank, qualified by romarks which succeod, is as accurate a ono as can now bo made: AsaeTh, Loans snd disconnts, ot valuo eatimatod ut (seo remarke foflowing thls swmmary)s 540.425.00 Overdrafty, ... sreavsiens 4,705,00 United Btates bons ure circulation, 500,000,00 Premiuni ou same. 7 United States bond doposita, ., Prewmlum on pame, Uniled Blatos bonda on hand, Prowfum on same...,.. District bonda, estimatod at, 2,897.00 Duo from bankis and bankers 130,375.60 Tioal eatato, furniture, and Axtires, sati- mated af, 117,000.00 Qurrency, . 00,848,00 Coln and Mutllated National Due from banks on accoun N0LeRL 4 uerenai Notes of this bauk, e tonl eatute losus and ltigation, Bonda in Itigation . vuveers 50,000,00 Houda hield by Juy Gooke & Qo 14,(150,00 Promium on aunio, 1,768.00 Do from Jay Co Coln 60,780,55 Qurs 0, 089,60 Total due from Jay Cooke & O Totalieesvarers apltal atock, O ceulation. ..., Ladividunl dop Unilted Biates deposit, nectired onds, os stated ubdve under resuurces Dug to baul LIAMILITIES, $ 600,000,00 450,000,00 93%,981,00 Totul, eearenan 4,012,234,00 The loann aud advauces fncluded in' the forogolng slatoment to vaclous persons upon securitios, certifi- cates of sottlemont, and other vouchors under the Dis- trlot of Columbin Government, fncluding thy Board of Lublic Works, amount to $38,097, and tho scourition, cortificates, vouchors upon which they ave made reprosent ih the aggregate a fair value of $14,030, Tho iudebtodness of the bauk to thoe District Government 18 $7,698, Among the loaus and discounts are three notes of the Northern Pacifio Railroad cnmmi 73 gregating $100,000, and maturing Oct, 18, 1870, 3t bis bean atated to mo that thin fndobteduoss will be patd at maturity, I biave notified tho Treastror of thio Unmmn{ fint payment st maturity is . required, but If fhis indobledness be whally omiited from tho valuo of the Iossos o discounte, or if tho valio of muld indobicdiesn bo soparatoly eatfmated, then $100,- 00, which fa tho nmount of surplus entered ou ths Iwoks of tho bairk a8 hving heen fuvestod i tho busi- neas of tho bauk, would, it is catimntcd, caver the Jousen hat mny ho mustangd in_realizing tho seat of thio loaus and discotinta, It nppoars from tho forogo- ing ntntement thnt, woro tho {ndobtedncss of Moasrs, Jay Cooke & Co. to the bank to Lo paid in full, the ercditors of fhio bank could bo paid {n full, ond its capital stock would bo unimpaired, The proportion in which tho debis of tho bank can netually bo paid must lm“;eh' depend upon the oxtent to whioh the indobiedness to ft of © Measra, Jay Cooke & Co, shall be diacharged, This it 18 not in my power to csiimate, Delallod exhibita of tho aggregated items preaonted fn the foregolng & tatement hinva been prepared, and a8 #oon pa coples can be mado they will bo forwardad to you, nnd, mean- while, IT'will in porson submit to yon the information therefn_ contafned, I havo eallod upon {ho varions banks fndebtod to the Firat Natfonal Bank to remit the suma duo from them, and aleo tpon tha depositors whoro acconnts bave been overdrawn to make good the deficlency, As moon as {ho currency and coln in bank could Lo counted, I deposited it to tflo ARgregate amount of $05,012 in the Treasury of the United Statos, aubjoct to_your orders, iu {rust for the cred- itors of tho bank, The proceeds sinco received by me, resulting from remitfances by othior Lanka for their judohteducss, from payment of lonns, and from collections’ of oflier indobteducss to the bank have also been in the same way do{mlllnd in tho Trenaurs of the Uniled tates for tho henefit of 1hio bank’s croditorn, The mutilated curroncy belong- ing to tho bank might, alao, in my Judgment, bo for. warded to the Treasury, This action Lina been delayed by u revislon of the nccounts relating to mutflatod our- rency, and by clajina preseuted Ly somo of the banks fram Which tho currency Lan been racetved for tho re- turn to them of the nmount forwarded, This ques. tion will bo a eubject of consultation with you, but Whethor the amouuta claimed shall be returned, or whother all the cutrrency bo forwarded to the Treasury, tho Firat Nationn] will, In elther ovent, be entitled to credit, o8 an offect to ita indebiedness, As roportod sbove, blank forms hava heon propared for the presen- tatlon of claima against the bank, Bocrotary Richardson says tho statement of Jay Cooke & Co. is much Dottor than was ox- peeted, and thnt advices reccived at the Trona- ury ahow a decidedly improved condition of nf- {airs throughout the country. Wasuinaroy, Sapt. 27.—~The Secrotary of the Treasury is no longer troubled with telograms of inquiry from financial sources. No oxcite~ ment whatover exista in that Department, and tho Lxecutive Dn‘mrlmnnl in equnlly free from it, elnco the oflicinl announcement that the Presidont and Secrotary could do nothlng moro to roliove the pecuniary embarrassment. No suggoestions have been received from any quar- ter, " Tho Treasury I8 discharging its business with no interruption fu any Lranch, and all the ofticials aro ne calm as if there had been no financial atorm, An arrangement has been mnde by which the London house of Jay Cooke, McCulloch & Co. will bonor all the Government drafts on the London house of Clews, Habioht & Co. Beyond this thorae bns boon no cliange in the agency. Wasiunatoy, Sept. 27.—A mooting of tho Bank Presidents was held to-night in’ the Na- tional Metropolitan Bauk to take action rolative to the financial panic, and to adopt measurca loolking to tho nid of ench other, and if possiblo provent the enormous drain of currency from tho city to New York, Philadelphia, and Balti- more. Every bank in the Distriot was represent- ed, except Riggs & Co., aud the loading mom- bor of that firm was provouted from lllflndlllfi by a provious engagement, but will be governe: by any arrangemont the others may make, The ~ meeting lasted about threa hours, and, without resulting in anything dofinite, was adjourned until to- morrow aftornoon, It acems to bo the impres- sion that tho bankers to-morrow will adopt tho course takon already by othor oities, Moasures will nlso "be ‘taken to_ estab- lish & controlling committee. It was stated that, unles some measures bo ndopted to prevent a drain of currency from Washington, theie will be no money here for ordiuary businesa in loss than s week. In one day this week over 2200,000 wore drawn out of tho banks hora by Baltimore alono, and the awmount for other citios has been very large. THEASURY PROORAMME. Tho Secrotary of the Treasury will not for the presout issue o Emgrnmmn for the sals of gold aud purchaso of bonds next mouth, st orolotic BOSTON. Speetal Dispatch to The Chicago Tribune, Bostoy, Sept. 27.—Atn meoling of the offi- cers of the Boston banks this morning, the reso- lution was talken to follow the course of the Now York basuks and suspend currency pay- ments. There was but little discussion. It was evident that when go many woro suspending, to Lold out longer would ouly subject them to an embarrassing and davgerous dJrain. The step was solely o monsure of self-pratection forced upon them by the action elsewhere. Checks for small amounts for the current uses of business will be paid as usual, . THE SITUATION NERE differs from that in New York in one particular. ‘I'here thoy havo pooled their remonrees ; here avo not. The resolution adopted at the tiug was an follows: Wirrngas, Tho bonks fnall the large cities in the United Siatcs havo deemed it prudent and expedien: to suspend currency puyments for lurgo amounts ; there- ‘affimlm ‘That the Bonton bauks, a8 5 precautionary messute for themselvea and the murcantilo coms munity, uud to prevent the consequent druin of tho currency from them, do from this date and until further action udopt the same meawure, Resolved, That a Committen of Five be appointed by the Chuir, 'who sball have the power to fasue loan-ver— titicates to tho aniount of $10,000,000, upon substan— 1lally the samo basis as issued’ by the banks of Now York Oity. Until yesterdny it was confidently hoped that wo should ride over the panio without resort to such measures, but the increasing dram of cur- roncy to New York necessitated action, and the resoflutions were adopted unanimounely, The in- terference with business brings tho "difficulties of the situation more immediately home to lnrge clasgos than liko procoedings elsewhere, but, on thae whole, there is a8 firm faith that we can hold ou aud withstand & gencral crash as ever, 3 Tho flrst susponsion_reported sinco the panio bogan is that of the New LEugland Iron Com- pany at Hydo Park, o Boston suburb, It is taid that the suspeusion was caused through dis- agreoment of the Directors, which resulted in an attachment, and some notes were protested, though it is understood that the Company has been carrying henvy mortgages, and has lost through tho stringoucy of tho money market and tho low pricoo? iron. Sovoral large con- tracts aro on hand, some of which are well under way. Throe hundred men are thrown out of omployment. The solling sgent in this clty thinks that work will be resumed soon. —— PHILADELPHIA. Spectal Dispateh to The Chicago Tribuna, PminApeLrnia, Sept. 27.—To-day there was a tighter money markot than has beon oxperienced since the prosont troubls commenocad, and somo of the mill and foundry propriotors experience great difficulty in procuring money enough to pay thoir hunds. The banks are hard prossed for monoy, and some fow acknowledge that it is only by the help of others they are enabled to weather the storm. From careful inquiries I loarn that if tho atringency continues, a large numbor of workshops, mills, ete., will stop next wook. It is almost impossible to obtan tho money to pay the workmen. 1 called upon tho President of the Central Na- tional Bank, and from him loarned that all large checks now in goneral business were metely certified to, this procoss making them, for all moreantilo purposos, the oquivalont of currenoy, o also stated that oll banks ABE DISCOUNTING FREELY, and that thero was gouorally un casier feslin, in bauking circles, ‘The Clearing-tlouns, whicl on Thursday resolved upon tho issue of loan- cortificaton fo holp tho bauks along, did nob commonce the issus untfl yesterday morning, and eince that tima about 600,000 havo beon kot ufloat, issuing in amounts from 5,000 to 16,000, 'They are only used in sottlemonts bolween the banks, aud materially roduce tho demands for curroncy. JAY COOKE & 00, Two orders woro yosierday issued out of the United Biatos *Distiict Court in Bankruptoy againut Juy Uooke & Co., roturnable next Wed- uenday mumlnlg. roquiring them to_show cause why Lhey ehould not be adjudicated bankrupts, Tho first was upon the petition of the Logan Hquaro Duilding snd Loan Asoolation, sotting forth that, on the- 25th {nat., they had & balance of $1,200 with dofondants, and on that day a chook for 8600, diawn to tho ordor of aud indorsed by the 'Lrons- urer, Edward Wilson, was presented, dishounored and protested, and on the 20th inst. dotendants nasigned all their property toJ, B. Moorohend, with futention to defeat the operation of the Bankrupt law, The second order was upon tho Enmlnn of tho Hon, Bumuol Josophs, which hay eon withdrawn to-day, ‘Thls morning thoro was AN UNUSUAL BOENE at the Board of Brokors, Lrought abont by yestorday's vvouts, in whioh some of our leadiug bunks were concorned, the tondeucy of whiuh was to still further inoroaso alarm and suspenye in financial ciroles, "'he bauke hold millions of soourities, the best of collaterals for monoys ad- vanced t0 brokers. A large amount of theso have beon forcod upon tho market, necessarily at a disastrous loss, at a time when ourrency is short and peoplo cautioun in lnvesting, The ro- sult has boon, whilo the banks engaging in this bueiness Lave renlized on thom to the smounts loanod, to noodlessly dopress their valuy, and to involve in complete or partial ruin noumber of men. That thero wns no actual nu:onnl&y for thia extrome «tu{n by tho bauks ia belloved by all Lankers, and this belief found oxprossion at the Board thua morning, Btogks dropped to an alarmiogly low figure, and it Improssed every mombar of the Board that it onglt, 88 a represontative body of flnanciors to make publle its opinion that thero was no actual meed of tho saction. The banks had taken In slaughtering seouritios moro-~ ly to raise ourrenoy whore mercantile busincss appearod to bo scarcoly affected by the dearth of cash, and whon the industry of the country scemed scarcoly disturbed, “In the followin, rosolutions this opinion of the mombers foun oxpression, They woro presonted by George 8. Fox, and unanimously adoptod : ‘WaEnEAS, Tle cmbarrasscd stato of (™ finances of tho country growlug out of the acarcity of ourrency, tho too rapid devolopmont of the raflrond intereats, aud a systom of over-trading, havo given rise to 8 pan- 1o in wiiich the idea of intrinaic valucs is entireygor- gotten ; thert fore, Itesolved, That _‘wo hoartily indorso the nction of tho Becretary of tho Treasury in his offorta to stay the tide of ruin by affording temporary reliot, and in Lia wiso dn}l;t{mInIUDn in the use of tho resources at his com- nnd, fienntred, That we urge upon him the necessity of bringlng befora Congross a plan for & goneral Banking luw, through which tho benefits of our prescut syatem mny be more generally extendod, and mado to aeryos more lul:j the growing needa of the conntry, Rezolved, That os tho great sources of wenlth, our crops and genoral productions are more promising {hon ever, and that, therefure, tho enterpriscs of tho country havo a greater cance for profit and _success, that thie nudden wild decline in valuca s the reault of ‘panic, and without any reasonablo catiso, Mtesolved, That we deem it our dutyto arrest in every way the indlscriminate sncrifics of Bocuriti d to express our hearty condemnation of thoso w) rmrmnnl{.yrom, attempt to aggravate the ovils, causa a atll] groater declino n values, Thoe urgeucy of immediato action was acatod, and a Committes of Conference was lgpulntml under the following rosolution, proposed by Mr, D. 0. W. 8mith and adopred : Jtesolved, That a commitieo of {hires be appolnted to confor with the banks an to the situation of affalra, The following gentlemen were appointed as tho committee: John Barker, George 8. Fox, Thomas A, Biddle. > TOLEDO, Spectal Dispateh to The Chicago Tribune, Torrvo, 0., Sopt. 27.—The firm attitude of banks and business men here yesterday, added to the hopeful advices from New York, produced tho offect thls morning of partially clearing away the glaomy feeliug inducea by tha Now York crisis, nnd the failure of Krause & Smith. Tho feeling everywhere becamo better and moro sanguine; business revived considerably, and at tha close of banking houra the various banks ro- Eoned 8_fair pumbor of doposits. There in ardly a doubt but that the crisls is past, and that tho coming wook will see busincss of all kinds incroasing to the usua! volume ns npixlldy a8 connections with Now York can be restored. THE GRAIN DUBINESS remains at & standatill, the rocoipts being light and ehipments confined to small lots for spocial demands, The Board of Trade continues its gessions, but without transacting any business beyond settloments and a fow optious, TIE AFFAIRS OF KRAUSE & BMITI are nndurgoini Investigation, but without any- thing definite being yot revealed. The estimates of thoir liabilitics have increased considerably with later developmonts, and it now scems probablo that they will not fall below £750,- 00, and may reach 1,000,000, Considerable indlgnation Is exprossod at ono of tho parte ners, who is popularly blamed with hay- ing made his careless, emsy-going saseociato Lis own dupe, and by that means deccived tho depositors a8 to tho firm’s real condition, On the day previous to the suspension, the heaviest individual depositor, who had £8,000 in the con- corn, was assured thac the bank wasin better condition than ever, aud making more money. —_— ALLENTOWN, PA, Arnentown, Pa,, Sopt. 27.—The bankers to- day rovolved to follow the example of other citioy, and sdopted n systom of cortification of chooks, instead of paying currency in large amouats. - 8T, LOUIS, Special Dispatch to The Chicago Tridune, 8r. Louis, Sept. 27.—The Committee on Collat- eral, appointed by the associated banks, mot at an early hour this morning, and continued their lnbors until night. After separating, the Chair- man told mo that sbout fifty banks tind put up tho requisite amount, and only two or three ro- mained to be passed upon. These, howover, were sound, and would be favorably roported on at the next meeting of the Committes. The 500 COLEARING-HOUSE CERTIFICATES will be priuted and tegdy for issuauce pro rata to individus! bauks by Monday. It cannot be suid that men “are any moro hopo- ful to-day than they were emucun]ny. Tu-day hias boen rather a day of waliting aud expocta- tion than of business, although to the eye of tho caeual observer things seemed to go on about ag usual. Little really can be dono in the way of exchange until the Cleanng-House certificates sro in the hands of the baukw, sud they begin using them, To the uulnitiated the financinl machinery scems cumbrous and unwieldy, bub it was the only meaus possivle for the carrying onof businoss, and the best is hoped from’ tho adoption of the plan, EASTERN EXCHANGE is in great demand, but so scarce as to be almost unattaivable. A morchant wanted Now York exciange to-day to pay & debt of $10,000 maturing in Boston, but Lie had not obtained it up to a late bour, afthough he bid tried a dozen banks., Tho cashier of one of the strongost banks in 8t, Louis made a tour of tho oity in search of the same kind of paper, and only ‘suc- ceeded in obtaining $60,000, 'The balances with Eastorn correspondents all having been ordered homo, our banks Lave nothing to draw on, and can have nothing except what comes in in a casusl way until produce bogins moving Enstward once more. It scems now that no chango in the oxiutlnfilnlo of bhh:fiu can bo ex- peoted before noxt Tuesday or Wednesdsy, by ‘which time it will bo detormined WIHAT THE BANKS OAN DO with certified chacks on the basis of Clearing- House certificatos, No timid depositor hus drawn a dollar from any bauk to-day, 8o far as known, but, from the 3ulet appearauce of the eavings banks, it would be iuferred that small depositors have genorally kept thoir Saturday’s wages in their own pockets, THE BOATMEN § BAVINGS INSTITUTION has opencd two accounts with its customers—a certified check account and s currouoy account, —thelast of which will be managed according to their own digcretion, Beveral other bauks havo adopted & similar plan, All the bankera have talkod confidently, and never ceased to oxprees thaulgphxlnn that tho hindrance to business wo ONLY LAST A FEW DAYS, and that curroncy for ardinary business usea would soon be as abundaut as ever. There is not the slightest trouble among the jobbers as yet, No known to be weak, and nobody anticipates ANY FATLURES AT PRESENT. Country customers are in town about as nsual at this soason, and purchasing as much as ordi- uarily, and not asking any longer oredit..8amuel 0. Davis & Co. are the beaviest dry-goods mor-~ ohants in Bt. Louis. They say that AB LARGE A DAY'8 DUBINESS a8 they haye ever done was dono one day this weok, and that this woek's aggregate businoss ia uite'ss gront as that of any similar week in ormer years. What is true of tho dry-goods {nbbln trado s equally true of other jobbing ntorests, Mr, Davia says it is too soon to judge of the effoct of tho now style of banking on the country, If the plan is carried out for only thirty days, ho has no doubt that everything will come out all right, It it lasts much longor, there will be danger of failuros, Everythiug now depends upou the RESTORATION OF FINANCIAL MEALTH In New York. Business transactions on 'Change were to-day about as usual. The produce dealersare feeling the troublo more seriously than any other class of businoss men, Grain and flour are acou- mulating on their nands, and not passing off fimflwud a8 when trade 18 in a norwal condi- on, THE EMDARGO ON FLOUR will necessitate the stoppage uf & few flouring- mills, though most of thom, it is thon ht, will geind on nutil the troublois ovor, The Atlantic Flouring-Mill will stop at 12 o'clock to-night. Merchnuta are begiuuing to com‘\‘)lnlu that the rallrosds are not sufficiently considorate of theit uecossition since the panic commeuced. FREIGUT LIALILITIES Bt Louls have ruuup to aggregate of nearly hall a million dollars, and thiore is nu monsy to pay them, although the Railroad Oom- panics insivt ou having currenoy. MANUFACTURERS aro becoming oxtromely sensitivein regard to tho situation, saying they will not be able to got currenoy to pay their hands. The Western pays aoff Its hands and atops on Monday. I have not heard that any othor foundres or rolling milla tutond following its examploe, Thoy ail foar a possible disarrangement of the market and lack of purchasers, THE STREETS TO-DAY firnnuntod thelr ordinary appoarance, but woro ttlo quictor. No sigus of oxeltoment wore any~ whoro absorvable, NO MALL OURRENOY, The following {8 told ns {llustraling thosearcity of small bills: The City Treasurer etarted out this aftornoon to obtain smallor curroncy for 47,000, which he had in thousaud-dollar bills. Aftor canvnssing tho banks and the eity dill- ontly, bie returned, having succeeded in cl lnu‘g- ngfinuly ono thousnud-doliar bill for hundred- dollar bills. ciry gomtr, The proposal of the city to Issue £300,000, and Pruhubly £800,000 iu serlp meots with genoral avor. The Councll meots to-night, and thnt action will probably bo teken, The eity scrip in former yonrs las ciraulnted at its par value nll througli Missouri and Soutbern Illlnois, Much Indignation is expressed thnt tho 82,500,000 in greonbacks, locked up in the % F.)-'l‘mnsnry hore, - caniut bo mede available to uavil this volume of eurrsuoy, —— MILWAUKEE, Spectal Dispatch to I'he Chicago Tribune. MiLwavugeg, Sopt. 37.—'Thore i8 no materinl chango here in financial affairs. The suspension of W. B, Candee, » privato banker, is announced this evoning, but his assets aro supposed to ba coneidcrably in excess of his llabilities, and the afair creates very littlo excitoment. ‘The failura is duo to the withdrawal of deposits sinco the suspension of Jay Cooke & Co., for whose Northern FPacific honds Mr. Candoo was nu agent, ‘Tho rost of the banking houses coutinue to do busincasas horotofore, paying all domands ou presontation, but no run is noted, —_— CINOINNATI, Crxorsnatr, Sept. 37.—T'he financial situation hero to-day appoars to be improved. At the closo of businoss an improved fooling was plain- ly manifest. 'I'ho adoption of the resolution of the Hon, Goorgo I'. Davig, by the Chambor of Commorce, commending tho sction of the Cin- cinnati banks and oxpressing contldeuco in tholr maungemont, and asking thom to oxtend all possiblo nccommodation to tho commerco and manulactures of the city, appeared m iteelf to improve the fecling of the members voting upen it. Durlug tho discussion of the question, the Hou, J.L. Keock, who was the autuor of tho last resolution, s olo. specially of the uccessity at thin timo of olf businees mer, aa wollas bankors, exoreleing toward one anuther tho largest possible accommodation until the pinch was ovor, Tho expreusion of this senti- meut was recoived with warm applause. ‘There was no particular change in the genoral markets, aud thore isuo hope of much doing until there are battor facilities for effecting ox- chango, 8till there isno paniou prices. Nothin, is actually pressing on the markot. ‘Flio banks an bankers generally report Laving passed through tho dayin n eatibfactory mannor, Tho now nr- ranzeitonts worked more smoothly thun at auy timo since tho flrst step was taken. Some of the banks report hn.vlrx; received as much cnr- rency a3 they havo paid out, and this notwithe atanding it "was supposed this was to be the pressing day of the week, owing to thoe largo 8ums needed to pay the oporutives in the manu= fuctorios. Tho mauufacturors have generall boon supplied with funds to meet their immedi- ate wantd. OF course, they liave been expected to draw 110 more than was ubsolutely required to maet their necossitics, —_— MADISON, WIS, Special Diapatch to The Chicago Tribune, MAaptsoN, Win., Sept. 27.—The week hore has pasged without naytuing like a panic, and with- out any closing of bruks, or anything like a run on them. Al of them were open to-day, and, notwithstanding the news from Chicago, evory- thing was a8 quiet as usual, Our savings banks® doposits daily exceed tho amounts drawn out, Our people scem to bo reudy to listen to reason, and make the best of the situation. —_— ST. PAUL, Spectal Dispatoh to The Chicago Tribune, 81, Pavw, Bept. 27.—Business and financiel circlos horo aro still contident of going through the panic without failures, bubt wero agitated this mamiufi, by the rumoroed critical condition of o private bauk, sinco contradicted. Car-lond lots of whoat sold hore to-day to millers for 75 cents, but farmoers gencrally aro content to wait tho resumption of regular buy- ing for tho Iake markets, s PR ST. JOSEPH. Speetal Dispateh to The Chicago Tridune. Br. JosEpw, Mo., Sept. 27—12:40 a. m,—Thero is ontiro acquicscenco in tho action of tho banks in the partial susponsion of currency pay- ment. No runs or symptows of pavic are mani- fested. Cattlo intended for shipment aro accu- mulating in all this section, and the business in all stock, especially, is grently dopressed. Noue ure going forwurd at any prico. G et SAN FRANCISCO, Spectal Dispateh to The Chicago Tribune, Bax Fraxoisco, Sopt. 26.—The reported sus- pension of soveral Chicago banke caused extra procautions by our leading banks, which are now generally strongthening themsolves for tha sit~ uation. ~No trouble here is apprehouded, but & couservative course is deemed prudent. ‘Tho rate of New York exchauge sdvanced to 1 por cent. Latham's Londun and San Francisco Bank has ordered Sl,flfll)lflllo coin from England and Now York, ‘“ha usaal semi-monthly mercantile collections ara to be made ou Monday next, and unusual in« terest is manifeatod as to tho result, us furnish- ing atest of the morcantile fluuncial fecling here. The chief ground for care here is not the injury that has beon crused, but the apprebens sion of an interruption of tho current of exe change in the movement of the crops. Sinco the cablegram from London, annouucing a heavy decline in American securities, oxcitement pra- vails, and there are no rutes in enrrency. Special Dispatch to 2'he Chicago Tribune, BaN FRaNcisco, Sept, 27,—Tinnucial tranaac- tions_light ; bankers drawing com drafts on Now York at 3¢ to 1 por cent ; not anxious for business. Tho rate for wheat to England has dropped to £3, No prospect of a riso this season. The dopression iu railway securitics is being now eeriously felt, and the apprchensions ara that the construction of both the Northorn aud Southorn Pacifle Reilways are indefinitely post- onod. I‘u:{mmfions are being made among ankers to discontinue further extension on al notes, notice,being generally given forall obligu. tiona to bo promptly honoted at muturity to uid the shipment of corn to Eastern markets to do rive tho benefit of advanced interest. e SALT LAKE, Bavt LAxe, Sopt, 26.—There was considorably excitomout hero to-day. Tho Tirst National Bank did not open its doors. A notice on the door states tho causo of the suspousion to be the failure of Eastern houses, and inability to ob- tain currency, The liabilities are amply secured by good assots, Depositors need not foel une oasiness os to ultimato loss, Tho assets cover £860,000 ; liabilitios, $277,000, oxclusive of the porsonal property of Warren husuuy who holds himself rosponsible for all the bank indebted- ness. The bank was a good depository, 'I'ha Balt Lako Natioual and Deserst National are open, meoting all domands, Walker Dros, Wolls, Fargo & Co., U\ F. Tracy & Co., and White & McCormick are nlso propared to mest demands. A slight run commenced on the lat- ter, but there is no foar of succumbing, SaLr Lake, Bept., 27.—Tho excitomont in financial circles has gonorally subsided. The run on White & McCormick was brief, and confi- denco is rostored. The firm will meot all de- mands, and have o surplus, All other banking institutions ero in tho Lost_condition, Wawecn Hussoy, President of the First National Bunk, says tho institution 8 perfectly solvent, bas niot with 1o losses, and is amply ablo to pay all in dobteduess, Tho capital and eurplus {8 unim- aired, A littlo timo is aukod to muke all good. 0 more troublo is approlionded by bankors, —_— NASHVILLE, Special Dispateh to The Chicago Tribune, NasaviLLg, Tenn,, Sept. 27,—T'horo has beon loss monotary exciioment here, for tho wizo of the place, than in any other city in the Union. A modorate run on the banks ‘was chockud by tho adoption of the New York polioy, Linnneisl matters are quiet and oasy, Doposits au hoavy asusual, The banks are payiug out money to omployers of mechianics and Iaborers tn;dny. Tho 8t, Louls & Boutheastorn, and Nushvillo, Chattanooga & 8t. Louis Nailways are rocoiving cortifiod cheeks in pnymont on Treight, but the Louisvitle and Nashvillo Rond i ssilsflod with aothing but the cash, Everybady hna m'nn]vlujl ho tinanolsl eituation, and " thoro {u not a per- turbed spirit. "i‘ln;l n!ulnclul question has beon lost in the absorbing muuk:‘lpnl olection to-day, Our mor- chanty are sound, QGiont oxcitemont provailed at Chattanooga vosterday over tho partinl suspousion of the Nashville bauks, but & run was rrnvnnlod bf’ the Lanks of that placo snnouncing to puy all do- [Continued on the Fifteenth Page.}