Chicago Daily Tribune Newspaper, September 29, 1873, Page 2

1E CHICAGO DAILY 'I'RIBU. ) 0} MONDAY, SEPTE MBER 20, 1873 "BRGGHTENENG From the Daily of Sunday, CIUICAGO. s financial situstion wae tho subjeot of con- vorsation youtorday, beglnuing n tho morning whon tho Third National Bank closed doors, That was tho only ovent of any importanco that oceurrod, and, insplto of it, the focling of confl- flanco grow strongor a8 tha day wore ouw, and 1ast ovoning thoro was o botter tono and spirvit than at any time during the weok. Baukors folt fu excollont spirits, because the outlook ssemod to thelr oxporienced vision brighter than over. ————— BANXERS' MEETING. GATHENING AT THE CLEANING-HOUSE, An adjourned mooting of the Clenring-Houso Associntion was hold Inst evening, President Bol Bmith in the chinir. Aftor o long discuesion, tho following rosolu- tion waa ndopted by & voto of 12 to 4: Resoleed, That, in view of the improved condition of affaira in Now York and in the country generslly, tho anks ropresonted in tho Assoclation deom 1t Juozpo- divut ta fsauc any Clearing-Houvo cortificates. r. Lombard moved the banks continuo to do ‘Dusiuoss ns thoy had boon doing recontly, which was agroed to, ‘and the meoting adjournod about hnlf-past 10 o'clook. ———— THE NATIONAL BANKS. TIE FINBT NATIONAL. Tmmediatoly after the confirmed roport of the suspension of tho Third National, which somo- what startled tho publio, thero was a rumor of & hieavy iutended run on the First National, and some approheusion was realized as to the ability of this bank to stem tho tide, Truo ouougl, the domand at the conntor of the TFirst National grow strong, but thoro was nothing liko the somblance of & panicky run, TFrowm 11 o’clock in tleo morning until 2 o’clock tho aftornoon thero was o constant and steady domand for courroncy at this countor, aud overycheck was mot prompt- Iy by o smiling Cashior,who disbursoed greonbacks to the groedy. Thero was nothing liko confusion or excitemont about tho bank, snd tho streok rumors, o8 usual, oxaggerated tho roality. TILE FECOND NATIONAL Is rogarded as hopolessly insolvont, and the pre- dictious by tho best posied fiuanciora aro that it will not resmme, As roported in {osturdny's Tripuxe, the bank is making such adjustments 2s it oan with forbearing creditors, and ita ofil- cers hopo to be pormitted to go into quiet and voluntary liquidation. Tho disastor that hna ovortakon them is not wholly attributable to the preacnt crisis, but to unfortuuato provious diu- Ippointmonts, and tho presont has crushod tho liopo of nnf' immediato redomption. The ofticors uaintain that thoir scenrities ara good, and that overy dollur of obligation will lie paid if_time i granted and no_hsrd mensures are adopted to force thom into bankruptey. THE TIIMD NATIONAL «closed its doora in tho morning, a notice betug usted on the door satting fortl that, owing to tho contiuued finaucial stringoney, tho maungo- meont desmod it propor to suspond businesy for tho prosent. This was signed by tho Prosident aud Casbier. The Presidont Mr. J. Irviny Poarco, felt confldont aud serene, ond so did al “who had necounts with tho bsnk. There was no unensinesss ; it was n mattor of a fow days, and all would bo right. 'Iho best focling provailed, and thoro was no abatement of the confidence that hos always oxisted in tho community toward the institution. TI{E_COOK COUNTY NATIONAL hiad suspondod operations on Iriday, but Mr. B. F. Allon, tho Prosident, announced his inton- tion of resuming Mondsy morning. Ho thought thoe universal stringoncy was a novel oxperionco for finances. The present Banking Taw should be altored. Somator Logan, who bap- Jonod in, romarked that thoro was nio flexibility 15 it, and It should bo changed. ~Mr. Allen thought tho Xonplu Lobaved magnificontly, and, baving settled down to the conclusion that” thoy could hot got currency immiedintoly, wera con- tont to wait, und in ihat thoy wera sonaible, Things having reachod thio bottom, would look apwurd from ihis ou, wnd. tho owlook way not all cheerless or gloomy. THE MANUFACTUNERY' NATIONAL. At the Manufacturers’ National Bunk o Trin- uNE reporter found an air of subdued quiot pre- vailing, and tho President, Ira Holmos, placidly eonted st bis desk awaiting further do- velopments and the arrival of customers. Whon asked as to what was tho latest financial evonts which had como undor hin notico, ho unhesitat- ingly nuswerod, “ Wo aro going into liquidation, ‘At meoting of our shareholders, bold yesterday, it wos resolved that the bank go into liquidation undor the terms of Soc. 42, Art. 9. Roportor—How do you expect tho bauk to como out ? Mr. Holmes—Wo shall bo able o pay our do- posits in full. Tho figures show that to pay 5900,000 wo havo $1,600,000, which must bo Tooked upon as o satisfuctory stato of alfaivs. Roporter—How do your customers look upon the mrangement ? Mr. Holmes—I_may say that thoy are all well pleased withit. I havo had uothing but tho ~vory kiudost foelings from ovory man who has o account with us. Roportor—How long will it take to wind up 1ho offairs of your bank, Bir? Mr. Holmes (meditatively)—T think wo ought 40 be ablo to soltle with nll depositors satisfne- torily within from twonty to sixty days, Ttoportor—How soon do you consider a roliof from tho present stale of affuirs may be looked or Mr., olmes—It's & long rond that knowa no turning. At prosent thero are no aigus of im- provemont, 2 Roporter—Do you think that Tur Tamsux: in Sts articlos upon the pavio has fully shown up tho eauso of thio disastor ? Mr. Holmes—I do, but I would add this, that 1 think that, if the conusels of Ar, Coolbaugh, oxpressed at tha firab micoting of the Clearjng- Houso, hind been hieoded, and the banks had all closed thoir doors, ond taken time to congidor thonaturo of tho disaster, the best means to moetit and toalloviate public oxcitemont, no permanent troublo wonld have occurred. Aftor tho general susponsion, tho banke would Dave met together and considersd mat- ters, Curreney wynyments being suspond- ed, Oloaring-House ~cortificates. wonld be igsued until the banks understood one anothor's position. The Chicngo bauks would havo beon ablo to rotain enough curroncy to koep ordinary busiucey going, and to keap the Iaboring clusscs suppliod with suflicient fundy tokeep thomselves gowy. THE UNION NATIONAT. Mr. Coolbaugli, T'rosidonsof the Union Na- tional, nftor banking hours yestorday kindly fu~ ~ored I'ux Trivoxe reportor with a longthy and astuto survey of tho financinl situation, It would be an injustica to this distinguished finan- cier to nttompt, whon the roportor took no notos of what was in muny particulrs s private con- ~orention, to report Mr. Coolbaugh's lau- gungo, 1lis viows of tho sititation wore reit- erated as oxprossod to othier leading financiers rith whotn ho hins boen in consultation during tho pust wook, aud ha declured thom to bo con- flemed by dovolopments in the monotary world ginco their firat advancemont. Without botraying any of the confidonca re- posed in the writer, or nttempting to give dlr. Coolbaugh's language, o brief summary of his views is thua givon. Tho President ot the Union National is por- fectly confidout of tho wisdom of the coursa udnpted_b{ the Bank; he fully approciates tho harsls critlcisma that have beei passed npon him gince tho snsponsion, and roslizes fully that ho tins eacrificed temporary roputation “and su- premucy, bt hazards Lis roputation upon the wigdom of the courso adopted, and the sequonce to rosult, No ono, ho wys, Mora rgrets tho financinl novessity that compelled tho suspen- gion than himsolf and tho othoar officors of tho Tank, but, in thoir united judgment, it wee foreed upon thom by adverso circumstances boyoud their control, It wun nttorly imponsiblo for the banks of Chicago to hold out with curroncy puflmunla whon avory ather city in tho country find susponded, and cwrroncy was leld at s premium. Iad thore toou concerted metion on the part of local bonks, dovoloping sema tnmrnmry remody for ponding difticultion, though hazardous, tho chasm ~hotwoun mwlmnnmu and full payment might haye beon bridgod over, Bub whon such congtruction coullnat boaccomplished, prepara- tion for the fancied inovitablo hehooved every conservative and aafo investing wutorost, It way a8 impracticable for thobunks of Chieago to main- taln %lmlnuns on a curroncy basis at preminm i this hour of uncortainty snd gloom auit would be to attnmrt gpeolal rosumption on tho part of one eity whila the bulauca of tho uation was do- ing husiness on lu&nllzud promises to pay. e 13ad little doubt that the {uanciul problom wae &4 yot in tho insuguration of its propounding to tho country, and (hat its solution would requira time and governmental interforenco, the lattor tobe excusad, if not juetifled, by the past ac- coptod ploa of publio uocoseity, “Lho nows yes- torday morning of_tho susponsion of lio Boston |- banks was recoived Ly Mr. Coolbough ag confir- mation of tho pi-clnxp oclos o had mado, and confinning; juetification of _tho course adopted by the Union National, Mr. Coolbaugh Linznrds no prediction of the outcomo of tho prosont situation, but stands ready to colnoldo with any nction of the bnnks that, In his opinion. will afford any pormnnont roliof. THE MARINE DANK, of which Mr. Scommon s tho presiding goddoss, wna doing abont tho same busingss s on tho dny bofore, which was far from being honvy. ‘IYio olorks had -pleuty of lolaure. At tho far ond of tho bank is o sort of Puvch and Judy box Whoro Mr. Beammon roosted *lko o bitd of ovil omon,” and told thosa who quostionod him that ovorything wag ‘‘bust” worso thon 57" or! stumptafl imes, 1lo was n poor comfortor, and was waiting, with tho pationco_of Job united to' tho mookness of Moses, for Cnngzmualannl ro- lief, nnd a-freo banking law, o desired o spovial sosslon of Congrons. Evorything was quiok at tho othor bauks, ——— THE RAILROADS. THE OMIUAGO, ALTON & BT. LOUIA ROAD. . Bluckstono, Prosident of tho Chicngo, Alton & Bt. Louls Rallrond, on bolng intor- viewed by & reportor, stated that tholr froight buainess hind fallon off immensoly sinco tho sotting in of tho panie. Bofora the prosent oxcltomont thoy waro running 75 frolght trains. whilo now thoy only run about 50 traing a dny, This reduction hus nocossitated alrendy tho dis- charge of about 200 mon, and, should tho panio coutinue much longer, the Aorvicos of many others would have to be dispensed with. Btocl shipmonts hiad entirely coased, and tho business in grain and produce had grootly fallon off. Thoy wore stlll bringlug m about 200 carloads of grain aday. 2 THE MIOHIGAN SOUTHERN. 0. M. Gray, Goneral Frolght Agent of tho Michigan Southern Rsilrond, stated that all their Iarger ghipments had been chocked, becauso the shippors could not draw on New York ; yot thoy continuo to run the ssmo number of traivs as boforo the panie, although tho trains aro much smallor. Thoy have not yot discharged any of their mon, and will dischargo nono unless the panie should eontinue for o considorable length of time. Ho hasno doubt that tho prosont panie is tho rosult of cur rotton state of fluancial affairs, ond undor it such panica may occur again at any moment. Under the pres- ont system banks may suspond snd resume ngein at will, thus throwing all businees and commereial futerests into confusion. With & specio basis such acts would bo considered acta of baukruptey. Now was tho timo to ro- sumo specle payment; thoro would not bo auothor such a chanco in fiftoon yoars. THE ROCK ISLAXD ROAD. Mr. Louis Viele, Goneral Froight Agout of tho Chiengo, Rock Tsland & Pacific Railroad, on boing asked by a roporter, “IHow is your froight business ?" auswered, “It is going to h—1 a8 fast as it can.”” Mr. Vicle stated that ho tolo- grophed to all the agonts yestorday to stop all shipments of grain and produco (stock ship- ‘mont had alrendy been stoppodsoveral dnys ago). Fhey had taken off their freight trains, and dacharged thus far about 500 men. o was in Lopes that this panio would bo over ina fow doys. If not tho railronds nnd tho banks would *goup” togothor. Mr. Hugh Riddle, tho Goneral Superintondent of the Chicago & Rock Island, was also waited upon, Hostated that it wns uscless for thom to carry on business under tho poculiar circum- stances nador which tho country was laboring, and thoy bLnd, thoreforo, Stopped thoir froight businoss, Ho was in hopos, nevertho- loss, thot, with tho resumption of banks, their buslncss would become a8 prosporons agnin as over, In regerd to finances, Mr, Riddlo did not like to expross an opinion ; he wis moxe of o railrond man, he eaid, than & financior. THE DUKLINGTON & QUINCY. J. . Walker, Buq., Presidont of thoe Chicngo, Burlington & Quincy Railrond, stated that they woro stifl running thoir usual number of freight- trains, thongh the Lraing were much smailor than usual, 1oy wore still moviag overything oxcopt cattle, 1f partios had no monoy to pay for their froight, thoy wera recoiving grain in poyment at market rates. Had wot yot dis- churgod any of their mon, and didu't intond to, unless tho panio continued somo time longor. If their presont means of trausportation should fail them, they would provide sonio other measures for the shipment of grain and produco. They wonld continue their freight business come what may, and at 21l hazards. Lo thought business would bocono bottor in o very fow days. THE TLLINOIS CENTRAL. Mr, Bitehell, tho Superintendont of tho Illi- nois Contral Railrouq, stated thatho had given ordors to reduce thoir force in sccordance With the falling off of busincss, _ Ilo could not eny how many men had beon discharged thus far, but thora was a considerablo number of their 1nen out of omplogment. They wora still earry- ing overything but stock. ~ Ho hopod thiu thing wa noarly over, Thero was nothing wanting but coufidonce. TIE MIONIGAN GENTRAL. Mr. H. E. Sargont, Genoral Buperintondent of tho Michigan Contral Railrond, stated thut dur- ing the last two days their froight mon had re- ceived no orders for shipmonts of ity grain, but grain continued to arrive from tho country, and is mout forward in perhnps one-lalf tho quontity horetoforo, Thoy found thomselvea copsiderably embarrassed in doing busincss with their customers on account of tho scarcity of monoy, many of them having their doposits and doing their business with tho banka which havo tomporarily susponded. ‘lhey wero run- ning at thin dato about onc-third loss through froight trains than last week, and wero compelied ta reduco their train_and working forco at the wost end of tho road. — IN GENERAL, TILE RECEIPTH OF CURRENCY ¢ sinco our last report, 88 shown by the books of tho expross companios, amounted, up to mid- night last night, to noarly $700,000. Of this, nearly £300,000 camo by tho American Expross Company, $200,000 by thoe United Statos Express Company, sud $175,000 (estimated) by tho Adams Express Company, Of this sum, proba- bly $200,000 camo after bank hours, so that on Monday morning tho probabil- ity is, that the omount of curroncy to bo delivered by tho express companies to tho varlous monoy inatitutions and firms of the city will ronch $1,260,000, Outside of this will bo tho by no meuns inconsiderable nddition which will be brought in by sepeculators from difterent parts, acting a8 thelr own oxpross com- panios for the occasion. - TUBLIC-SPIRITED MEN, Wo oo informed that Mossrs. J. W. Doano & Co,, tho woll-lnown grocory importing hoose, deposited, yestorday, in tho Mor~ chante’ TLoan and Trust Company, the moguifieent sum of over £100,000 in currenoy, and Mr. 8, 3, Cobl doposited over £200,000 in auother prominent bauk. Such pub- lic-spirited and plucky citizons deserve influito crodit, If others would put out thoir monoy in- stond of hoarding it, tho stringonoy would scon conse, Actions lika thoso uro noble, and do not look liko lack of confidonce in Obicago busi- nows, i 7 TIE SUBPENDED, ‘Tho only suapousion of Chicago banka yestor- dny was that of tho Third National, Every other bauk cleared on Fridsy passed safoly tflroup.\\ the Clonring-House yostorday, Tho lint of sus- pondod_ numbers ulxk ag follows: Union Na- hulml, Nanufucturers' Nationnl, Second Nation- a), National Buuk of Commerco, Cook County Nationn), aud Third Nutioual. AN UNFOUNDED RUMOI. The rumor on tho strost yestorday that Field, Lettor & Co. had recalled from tho railway dopots goods oneo platformoed for shipmont to country purchasers was utterly unfonndod, To a Tuin- uxe roportor Mr, Loiter youterdny atated that the firm was doing business ng usunl ; had vefus- ed no shipments, discharged no omployes, aud B 1O nocessity for eithor moasuro, ELSEWHERI. A GENERAL REVIEW, THE FUOKFECT DRIGHTENING, New Yorx, Bopt, 27.—It is the opinion of per- #ong conversant with financlal movemonts that tho prospoot is stoadily brightoning. Tho banks and snvingy institutions are puylng out money moro froely to meot labor pay-rolls, and the Government, 1t 18 statod, ofters to prepay the No- vembor Intorest of ovor $14,000,000, It has been doolded by tho Goveraing Committeo to OPEN THE STOCK EXONANGE on Tuesdny noxt, ‘Thin notion was precipiiated by a veuglution of tho Oloaving-Houso authorig- g o unlimitod lwsuo of loan cortitleatos. Many wero opposod to oponing the Btook Exohango, but, aftor tho action of tho Govornora was mado known, thore was n genornl acquicsconco, Tho Committos will, on Monday, ndopt some mothod in rogard to the closlng out of old contracts yot unsettlod, and wil, no doubt, give evory man ample time to turn himself nnd mako good his obligations. Onisido quotations doubtloss have lwd tholr in- fluonco fn causing tho rooponing of the Fx- chango, for on tho streot man with o hundred sharca of stock, undor tho panie feoling, could depross the ontiro sharo-capital, and mako nn unfalr Indox of what tho stook conld bo oonnid- ored worth. It ia urged that lenionoy be shown to overy mombor in noed of it, and nenrly ait ob- ligations can bo met. No atocks should bo dold out under tho ruls for many days, and in every way facilitles shiould bo oxtonded to mombors. Drokora mado EXTENSIVE SETTLEMENTA OF CONTRACTS to-day, and tho successful cloaring of 3,000 shurea of Lalko Bhoro by ono of Vandorbilt's brokers advanced the prico of that atock nbout 10 por cout, whilo otber etocks have gonerally risen from 8 to D por cont. Tol- lowing shiows tho pricos ourrent for the lond- ing etocks, Wednesday, Bopt. 17, tho day beforo Jny Covko & Co. falled, and thoso currcut on tuo streos to-dny : COMPAATIVE STATEMENTS, Sept 17, Sept. 21, N. Y, Contral 1005 0 Lk Bhoro. 1 Northywosteri a1y Tlock Ishnd B TPaclfio Mail... 2 Bt, uul a7 Wentorn' Union Telograp 55 0y 4l 4y 19 e 2 = a7, Tho following shows tho prices current on the Chleago and Boston five panics and thoso on the stroct to-day Chicago Boston Present Sire-paitie, fire-panie, time. Now York Gentral & Hiidson 8 80 Take 8hote. ... g i Northwestorn 115 8 Tock Inland 101 & Pacifio Matl. ., 81 2 el 4 1 b 19 Dacific. Obio & Misslssippi.e.ese 1 Tho pricos given for to-day are the lowest made, and they aro unrensonably low, TIENE WAS A LARGE ADVANCE on those prices when it was snuounced that the Btock Exchango would be opeunod on Yuosday. EXPONTS, Notwltha(nndlnf; tho difieulty exporienced by ehippors in negotiating bills of oxchange, tha oxports by different stesmers to-day do hot seom to bo much less thou tho smount carried beforo tho presont financial crisis, Tho quan- tity of cotron shipped, howover, is not a8 large 88 usunl, and & Jarge amount was reccived diract from Southorn {ports, and immediatoly trans- forred to Liverpool vossols, 'Tho managors of a fow linos, in ordor to complolo enrgots, Liave takon grain at s slight reduction por bushel, bug tho gonoral rato for whont is still 19@1d, A fow shippers who had u“imw froight room for to-day's steamors find it impossible to Eny tho rates domanded, and the managers of tho prin- cipal lines, it is said, 1 viow of tho panic which Lias takon placo since tho contracts wera mado, Dbave accommodated thom to » considerable ex= tent. THE BIIPTING INTEREST, A visit to tho prlm;i[):ll stoumship oflices was made to-day, and the mansgers wors ques- tloned regarding tho offects of tho monoy stringoncy on froights, The fol- lowing is n synopuis of the information obtained. The Goorgin, which sails for Glas- gow noxt Wodnosday, will havo a full cargo of general morchandise, including #ix loads of Whoat. Tho rullng rato chargod is 18}§@14d. T oflicors of this line sy that no perceptible offect hna beon caused by tho panie, The offt- cors of the Ilnburg stoamors say the monotary difficulties have not intorferod with thoir busi- nosn, 'Thoir dooks aro filled with freight, nnd tho Cambrin, which leaves Oct. 2, has hor cargo noarly completed. Alopt of tho contracts woro mado bofore tho panic began, nud the prospect for futuro husiness is encoursging. The steamor Bgypt sailod for Livorpool to-duy with & full cavgo, includiug 900 bales of cotton from South- orn ports, Ono lond of grain to fill up was takon at 10%4d. A first-rato cargo is alrendy so- ctred for the Donmark, which leaves Oct. 1, and they do not think the amount of froight to bo fnkon by future steamers will ho matorially di- minished. Tho curgo of tho stonmer Pembroke, for Wales, which eails Oct. G5, 8 hout fully 'ongaged, and will consist prin- cipally of wheat at 16d. Most of the enzago- ments wurfl‘mndc gomo time ago, Ono of iho ofileers said'somo shippors might perfeet their engngomonta in_consaquonce of tho exchougo {roublo, but ho thought tha_prospect for good oargocs was quite oucouraging. Tho Ropublic, which sailed to-day, carried a botter feargo than the steamor of last weok, Three hundred bales of catton wora takon, and the rest of the cargo cousisted principally of provisions and wheat, tho Iatter at 14d per bushel, The managor of the freight departmont suid ho thought Western shippors, rather than submit to loss through commisslon man, will send thoir grain directly to Euroru‘ and await romittances. Tho Anglia pailod for Glasgow with a full eargo. Ono of the gentlomen conncetod with tho froight de- artment said Lo thought that whatover diflicul- y Lind oxisted among ahIEpum wis nearly over, s bankors wora buying bills of exchange. OF courss, ho seaid, they ware lmyiug but low ratos, yob nhig ors could” alford to export with sligi profit. The" steamers of the North German Line, carry but little rain, A largo amount of tobacco and hardwero onves Dby overy stcamor. Enfingumonls have beon mado for” October, nnd tho Company has rofused o large quuntity of tobacso. Tha Weser sniled with a full eargo, nnd will ho followed by tho Munsa and Main, ench with & fivst-rate cargo. A few coniracts for whoat to fill up woro tukon by tho Inman Line at 103¢d per bushel. The stonmer City of Montreal, howover, sniled to-doy with o cargo, the greator part of which was ro- coived at rates of lnst woel. No decrenso in ship- monts of grain is noticod. Tho cugngoments of 1moat shippors extond to Octobor. ‘Tho City of Choster, tosnil next Baturday, isnearly fult, and tho Company has froight cnough ahoad to 1ond sovoral veasals, The Cunard Cowmpany has mado no reduction in froight rates, and tho Abyssinin sailed to-day with o full cargo, Tho stoamer Wyoming left to-day with a full eargo. No reduction was mado in freight ratos. Some prominont tinanciers met last ovoning in tho rooms of tho Morcautilo Library Associa~ tion, uud after consullation rolativo to tho pres- ont condition of finaucial and commoroinl affuics, adoptod the following : Resolved, Thiat all'our offorts shonld now b dirocted to tho fi\lH\mrl of trado und commerce, and to pro- wolng tholr gecatest ponsiblo oilefoncy in earcylng ou tho vast cxehangoa of commodities incldent Lo onr bountiful harvest, Resolved, Thot wo recommend to banks tho maintenance ‘of their union 80 Lappily begun, and eoruestly roquest that b bo supplomentod by u Jolut resolution to discount frecly commercial papor of undoubted chnractor, which on ko ocei~ #jons i1 1860 and 1861 goon offeotunlly nnd promptly friumphed ovor tio inssno punle of thioso yeara, Resolved, That we lave undoubting confidenco it tho pailey of lberal discounting will imme- dintaly restore tranquillity to the piblfo miud ad it did fn tho yoars ubove named, and thus bring to the collora of tho nskociatod butiks tho $13,000,000 of rooubacka puld out by tho Government within tho jast fow days fn oxclisnge for Government honds which uro now bLoarded Dy savings bunk and indl- viduals, ———— NEW YORX. REGULAR MARKET REFORT. New Youx, Bopt. 87.—1he ton days' olosing this altornoon have boon tho most evontful in financial circlos for fiftoon yenrs., “Tho oxeito- mont has ruged without limit, and at times thero soomed no ound to cnlamitios possiblo, On ‘Ihursday tho fires died out for want of Inol, so for ns Wall stroot waa concornod, Thoy thon bogan their work In morcantilo circles, but {hora I8 now ronsonablo hopa that thoy niny ba chooked, and that, what hns ofton boon sald, tho worst hus boon scon. 'Tha day closod wilh & deoldodly better feoling in all divcotions, FOUEIGN EXOIANGE closod with improved tone, tha Iast quota- blo ratos having baon’ 10i@10434 for prime baukors® piaty-duy storling, 105 for” bank- ors’ domaud, 105}/@1053¢ for cablo transfors, und 102@103 Tor slxty-Qny commorcial, and 104 for three dsys’ sight. MONEY. Thoro was 1o rogular rates for monoy, loans having ranged from }¢ por day to 7 per cont per annum. As a ramurkablo instanco of tho rostora- tion of confidonce now going on, it Is mentionad that monoy, whioh has beon oxtromely soarco st 14@3o per cont per diom, waa accesaiblo ut 7 por cent on approved collatorals, In this connoc- tion, it may bo stated thot tho resumption ar- rangament of IHonry Clows & Co., has vo- colved gonoral indorsomont, and most of their old sustomors Lave acquickced in trausforring tholr acconnts to the mnow special accounts on thelr booke., Numerous now nscounts hiave alsa boon openod, Mosurs, Howes & Muo make an alnost similar roport, all of which 008 $0 shiow that tho lately suspouded firma ro- tnin tho confldanco of thelr customora and tho sympathy of business mon gonerally, aony ) wns tnusually notive, and at times tho room pre- sontod an anfinatod appontance, Tho u:lco opencid 8t 1141¢, ndyanced to 11614, deciinod to 118k, rals liod to 11336, and In Into doealings sales wero mado at uhL;. At tho aponing of Ll room loans on gold woro made at Jg por cont, but tho rato noon foll to flat, follawod by an advance to ?gpur cont, and fiunlly o ronction to flat, Tho hank statemont will fot bo roady bofore Mon- day. Tho Assistant Trcnsuror puld out to-dny &9,000 on_aceount of interest, and. in redomp- tion of 5,20 bonds. Cnstoms recoipts to-day, £277,000 ; for the woolk, $1,008,887. otal im orts for tho wool, %19,903,{08, of which 37,464, 03 wors morchandio, aud 83,487,700 dry goods. Amount of dry goods markoted, €3,803,805, folal oxports of spocio siuco Jan. 1, $40, 851,161 againat $67,073,801 1ast yoar. BTOCRB, Stroot doalings were small and dovold of any now foature enrly in tho day oxcopt that pricos wora lowor, {n consoquence of a prossura to sofl stocks for cash, but In the aftornoon an improved feoling provailod, the change boing guddon and vory motked, Prices advanced rapidly on small offorings. A large business would havo boon dono if thera had boon monoy to buy stooks, but stroot dealors did not ‘:‘ppnr to hayo money, The Ernu\on yanco _woe in Tanke Bhoro, which rose from 02 to 76; Now York Contralrold up to 02; Westorn Union, 3 ; Rock Islaud, 88 ; Harlom, 110 ; Paofio Mail, 52 and Union Dneitlo, 21 At tho closo iho market was vory irreguinr, from the fact that 8o fow atocks wore offorod. Tho following aro tho Intost pricos current smong tho orowd of migcallnsneous operators on the stroot : Now York Contral and Hudson, 90 bid, 93 askod ; Erio, b0, 55; Lako Bhoro, 8, 70; North- wostorn, 40,453 Iock Island, 87, 00 ; Paciflo ail, 81, 92; St.Paul, 20, 80; Ohlos, 80, 82; Wont- ern Union Tlograph, 61, 655 Wabash, 42,45 ; Union Paciflc, 20, 22; O, 0. & 1.0, 21, 22 Harlom, 109, 110, 1t wag rumored Inte in the day that ono indi- vidual had borrowoed from £6,000,000 to 10,000« 000 ou New York Contral and Lake Sliore and bonds, and also that other large lonns had been wade op various stooks. —_— WASHINGTON. Special Dispatch to The Chicago Tribune, ‘Wasuixaroy, D, 0., Sept. 27.—Tho Socratary of tho Tronaury thiuks tho fnsncial situation, as indicated by privato as woll es pross tolo- graws, {# jmproved to-day, and that confldonco 18 gradually taking tho placo of doubt and appro- lionsion in the minds of the community at largo. Itis gonorally conceded by nearly overybody that tho Govornmout ia_poworless to do anything furthor to_afford relief, and that from tho oxs porionco of tho past woelk it makes but littlo diffor- once whether or not the Governmont wera to ox- haust, in what is deemod a legitimato way, tho grentor par or evon the whole of the 844,000,000 logalreservo. Thorofore the financlal programmo of the Iressury for noxt month will bolooked for on Monday with really less intorest by bankora or atock spoculators than at any time for more than o yoar. The genoral sontiment in rogard to tho “ehowing mado by Jay Cooke & Co, in iho statomont that hias beon published, is that, in brokers parlance, ‘It s as thin as water,” and not & groat deal bottor is thought of the roport of the condition of tho susponded Firat !}i:mom, of this oity, mude by the Rocoiver to- ny. CONDITION OF TIE FIRST NATIONAL BANK, ‘WasmiaxTon, Sopt, 27.—Edwin L, Stanton, Roceivor of the I'irst Natioual Bank, has made 8 Toport to_the Comptrollor of tho Currency, and Snya: Whilo a prociso comparison cannot yot be made, & caroful oxamination causey me t0 bo- lieve that tho following statement of resourcos aud liabilities of tho bank, qualifiod by remarks which _succeed, is 08 accurato a ono a8 cau now bo wmado: ARsETS, Loans and dfscounte,actual valuo estimated L s fotiowing this summery)$ 640,425.00 34,706.90 10,000,00 Premium on samo.. . 75,000,00 Unifod States bonds to sccure Unitoed Btates deposis.... 00,000,00 Preminum on same, 000, United States bonds on hand, 760 Of Promiun on BuMIe..eeesses District bonds, estimatedat, . Do from banks aud bankers.. Real oatate, furnitaro, and fixt moted at Currency, . Tremium on_watio. .. .. Duo from Jay Cacke & Co. 00,780,85 08,000,60 700,463.45 £2,607,931,70 Total due from Jay Cooke & COo. Tolal, o Capital ptock, G reulation, ... 1ndisidunl deosiia Unitod States deposti, ‘bond, ad statod ab Tesources. 14 287,783,00 Due to Laul ,034,460,00 Totalssvesees $2,012,233.00 Tue loaus aud sdvancos incjuded in’ the 'foregolng statomentto varions persons upon securities, cortifi- cates of sttloment, and other vonchers undor tho Dis trict of Columbia Goverument, including the Board o Tubiio Works, umount (o 36,037, and tho sccuritics, cortilicates, and vouchers upon which thoy are made repronent in the ggregate a fair valuo of $44,030. Tho Sudobteduess of {hia bank to tho District Government 161,608, Among tho loaua and dlecounts aro fhreo noted of the Northors Puciflo Rallrond Comyans, ok~ irogating S100,000, and maturiug Oct. 16, 187, b hna cen stated to'me that thin indobtedness’ will bo pald atmnturity, I lavo notitied tho Tre C that e sty soqulre, ompauy that payniont ut maturity i roqulre et gt 3 i sron tho valuo of thio logsea or disconnts, oz € tho valuo of sald Indebtedness be sepurstely estimated, then $100,- 000, which {8 tho nmaunt of surplua entered on tlio books of tho bank as having been invested in the busl- ness of tho Lank, would, it 18 estimated, cover tho lossos tliat may bo sustained in_realizing tho rest of 1hio loans sud disconuts, Itappoars from tho furcgo- ing atatemont that, wore the indebtodness of Messrs. Jny Cooke & Co, to tho bunk to bo pald in full, tho créditora of tho bank could bo pald in full, and fts capital stock would bo unimpaired, = The proportion i Avhich the dobta of the bank can actuslly bo paid must largcly depend upon tho exteut which thio indubleduces to 1 of Mesars, Jay Cooke & Co, #hall bo discharged, This ' it s not in my power to ecstimite, Dutailed oxhibita of tho ngiregnted items presonted in tho foregoing 5 tatement havo Leen prepared, and as oon o8 copies e bo mado they will bo forwarded to you, und, menis while, I will fu jiceson submit to you (o Iuformation thereln contained, I have called upon the various banks fndebted to the First National Liunk to remit tho sums duo from them, aud also upon the dopositors wliowo nccounts bsve beon overdrawn to make good tho doficlency, As soon a8 tha currency and coln in e conid by conntod, T dopoaitud Tt &0 the. agrofate amount of $95,012 iu tho Treasury of tho United Btates, subjoct 10_your orders, in trust for tho cred- itors of {ho bynk, The procoeds aluce receivad by me, resulting from Tomittances by othier banks for ihair indobteaness, from payment of lowus, sud from collections’ of othior indobtedness to tho bonk liavo also beendn {ho samo way doposlted I thio Treasury of tho Uniied States for tho Loneflt of tho bank’a croditors, ‘Tho mutilated curroncy belong- fng to the buuk_might, also, in_my judgmont, b for- warded o tho Treasury, This action Lus becn delayed by a rovision of the accounts rolating ta mutfnted cite- rnoy, and by clnimn presontod by some of thio banks from which tho eurroney has beon received for tho ro- turn to them of tho amount forwarded, Thin ques. tion will ho o eublect of consuliation With you, but whother the amounts cisimed eliall bo roturned, or whathor all tho ourrotcy be forwarded to tho Troasry, tho Firat Natfonal will, In either evont, bo entitiod to credit, s an_offset {0 itu Indobtednoss, —As reported ubiove, bink forma hove been propared for tho proscu~ {atfon’ of clalms agatust tho Lauk, Secrotary Richardson says tho statement of Jay Cooke & Co. I8 much Dotter than was ox- pooted, and that advicos rocolvod at tho Trona- ury show 8 decidedly improved condition of af- falry throughout tho country. WasuinoaTox, Sopt. 27.—Tho Saorotary of the Trensury is no longer troubled with tolograms of inqulry from fluancial sources, No excito- mont whatevor oxists in that Dopartmoent, and the Kxeentivo Dn\mfllnnnl is oqually froo from it, sinco tho ofiicixl sunouncoment (hat tho ‘ Prosldont and Becrotary could do uuthhx{; more to rolisve the pocuniary embarrassmont, No suggestions have boen recoived from any quar- ter. Tho ‘Croasury Is dischurging its bunincss with no interruption lu auy branal, aud all the officlals aro as calm as if” thero Lad boon no finaneinl stor. An arrongomont has beon mado by which tho Tondon houso of Juy Cooko, MoQulloch & Co, will honor all the Govermmnont drafts on the T.ondon house of Clows, Ilableht & Co. Boyoud this thoro has boen no ehango in tho agoney, TREASURY PROGRANME, Tho Boerotary of the Treasury will not for the present fssuo & Brogummn for the snlo of gold und purchago of bonds noxt mouth. ——— BOSTON. Spesial Diapateh to The Chicago T'ribune, ooy, Beph, 27.—At n meoling of the ofil- corn of tho Boston bunks this morning, the roso- lution wea takon to follow the course of tho Now York bauks and auspeud ourrenoy pay- monts, 'U'horo was but littlo disouasion. It wau oyldont thiat whon 80 mavy wors susponding, to hold out lougoer wonld only subject them to an ombarragsiug and dangerous drain, Tho stop was sololy & monsuro of solf-protection foreed edness bo wholly” omitted from upon thom by tho action clsowhore, . Chiooks for amall amounts for the curront uses of businoss witl bo paid ns wsual, ; TILE SITUATION NERE : diffors from that in Now York in- ono partioular. 'Thora thoy have pooled thoir rosonrces ; hore thoy hinvanot. Tho resolution adopted at the moating was ns follows Wieneas, Tho banks fnall thio Inrge eitles in the United Bintes huve deemed it prudont and oxpedient to nuspend ourrenicy paywents for largo amounts ; theres ora, Hteanlved, 'That tho Boston banlks, ana preesuitionary- measnro for themsolyes and Lio moreantilo com- munity, and to provent thy_consequent drain of the curroncy from tiem, do from (his dato and until further action adopt tho sumo meanre, Jierolved, That » Committeo of Five ho appointed by tho Chalr, 'who shall have flio powor tn fsauo Jonnecer- tificates to {ho aniount of $10,000,000, upon substati- Anlly i sanio basla na famicd” by’ the Lauka of Now York City, R Until yostorday it was oonfidentlyhoped that wo should rido ovor tho panio without resort to #uch monsures, but the incrensing drain of cur- renoy to Now York naceasitatod action, and tho resolutions wora adopted unsgimously, The in- torforence with business brings the dlfiicultics of the situstion more immediately homo to Inrge clangon than like Prnnnmlln s olaowhoroe, but, on tho wholo, thoro s as firm falth that wo cun hold on and withstand gonorsl crash as over, Tho firat suspension_ roported sincoe tho panic bogen is that of the New Eungland Iron Com- pany at Iyde Park, o Bopton suburb, It is anid that tho susponsion was caused through dis- ngroomont of tho Directors, which resulted in an attachmont, and somo uotes wero protested, though it 18 undoratood that the Company has boon earrylng hoavy mortgagos, and ha lost through the szrluliunoy of “tho money market and the low prico of iron. Sovoral large con- tragta aro on_bond, somo of which aro well under way, Three hundrod men aro thrown out of employment. Tho selling agont in this ity thinks that work will bo resumod soon. Al s PHILADELPHIA. Speeiat Dispateh to The Chicago Tribune, PuitapeLpta, Sopt. 27.—To-day thoro was & tightor monoymarkot than hins boon oxporionced aluco the presont trouble commonced, and somo of tho mill and foundry proprictors exporlenco groat difiiculty in procuring money onough to pay their hands, The banka are hard pressed for monoy, aud somo fow ncknowledgo that it 18 only by the help of othors they are onsbled to wonther tho storm. From carefu! inquiries I loarn that if tho atringoncy continues, n large number of workshops, mills, ote., will stop noxt week. It 13 nlmost impossible to obtain the money to pay the workmen. 1 called upon tho Prosident of tho Central Na- tional Bank, and from him learnod that all largo checks now in general business wero meroly cortified to, this process making them, for all morcantilo purposos, the equivalent of currenoy. o also statod that oll banks ARE DIACOUNTING FREELY, e and that there was generally an easior fnc]lnfi in banking olrcles. T'he Clearing-House, whic on Thursday resolved upon tho issuc of loan- corfificatos to bholp tho baoks along, did npot commence the issue until yestordsy morning, end since - that timo about £5600,000 have boon sot afloat, iesuing in amounta from 85,000 to $16,000. Thoy aro only used In sottlemonts batwoon the banks, and matorially roduce tho demands for currency. JAY COOKF. & CO. Two orders woro yosterday fasuod out of tho United Btates District Court in Bankruptey against Jay Coolko & Co,, roturnable noxt \gcu- nesday moruing, requiving themn to_show cause ‘why titey should not bo adjudicated bankrupta, Tho first was_upon the potition of the Logan Squaro Building snd Loan - Association, sotting forth that, on the 25th inst., they ~had o balanco of - €1,200 with Qofondants, and on thnt day a check for €500, drawn Lo the order of and indorsed by the Y'rens- urer, Edward Wilson, was g)rusomed, dishonored and protested, and on the 20th inst. defendants ansignod all thelr proporty to J. D. Moorehesd, with intention to dofeat tho operation of the Baukrupt law. Tho second order was upon the otition of tho Ion. Snmuel Josephs, which hns oon withdrawn to-day. This morning there was 'AX_UNUSUAL 6CENE at the Board of Brokers, brought about by {'catordny'u ovents, in which some of our leading auls woro concerned, tho tondoucy of which was to still further increago alarm and suspeuse in financial circles, The banks hold millions of scouritios, tho best of collaterals for monvys nd- vonced to brokers.. A largo amount of these havo beon forcad tpon the market, necessarily at o dispatrous logs, at a time when curroney 8 short and pooplo cnutious in investing, ‘he ro- sult ins beow, while tho banks engaging in this business havo realized on thom to the amounts loancd, to ncodlossly depress their value, and to involvo in complete or partial ruin anumber of mon, That thoro was no actual nocessity far this oxtroma stop by tho Lanks i belioved by all hankers, nud this belicf found oxprossion at the Board this morning. Btocks dropped to en alarmingly low figure, and it impressed overy momber of the Board that it ought, us a ropresontative body of flnanciors to moke public its opmion that thero was uo actunl noed of the action. Tho bonks had takon in slaughtering securitios moro- 1y to raise curroncy whoro morcautilo businoss appeared to bo scarcely affected by the dearth of cash, aud whon the industry of tho country secmad seorcoly disturbed, “In the tallnwiugé rosolutions thia opinion of the mombers foun: oxpression. 'Thoy wero prosented by George S. TFox, and unanimonsly ndopted : WnEneas, Tho embarrassed stato of the finpuces of the country growing out of the scarcity of curreucy, tho too rapid dovelopment of the raflioad intoreats, and a system of over-trading, have given rise {0 & pan- fo 4n whch the ides of {utrinsio values {8 entlrely for~ gotten ; therefore, “Reaolved, That_wo lieartily indorso the action of tho ocretary of tho Treasury i his offorty to stay tho tide of ruin by afforing tomporary rellof, and in hls wiko discrimination in tho use of the resvurces at lis com- mand, Rewnlved, Thot wo urge upon him tho nocossity of bringing before Congress a plau for a genoral Uanking Taw, through which the benefita of our present systeul may bo moro generally extendod, and made to_sorve more fully tho growluig noeds of the conutry, Iteaolved, Thot us.tho great sources of wenlth, our cropa aud genersl productions uro mord promising than ever, and that, thorefore, the enterprisea of the country Liavo o greater chanca for profit sud _success, Thist thy suddon wild doctino i valies fs tho reault of punic, and without any rensonable canse, “Resolved, Thut wo deem it our duty to arrest in overy way tho udisoriminatosacrlfico of necuritios, and to express our Licarty condemnation of thoso who, for ‘pernonal profit, ntterpt to nggeavats tho ovils, ‘and Causo a stll greater declino n Valucs, 'ho urgency of immedinto actlon was atated, and a Committee of Confercncs was lgpulntm under the follawing resolution, proposed by Mr. D, 0. V. Smith and adopred : “esolved, Thot 8 committee of three bo appofated to confer with the banka as to the eltuation of atfalrs, Tho following goutlomen wero appointed a8 tho commitico: John Barkor, Goorgo B. Fox, Thomas A. Biddlo. ————— TOLEDO, Speciat Dispateh to The Chicago Tribune, Tovevo, Sopt. 2T.—AMalra of Krauso & Smith aro undergoluy investigation, but without auy- thing dotinite being yet rovealed, Tho eutimntos ot their liabilitios liavo incronsed considorably with later developments, and it now scoms probable that they will not fall below &750,- 000, and may rench £1,000,000. Considerablo indlgnnflon is exprossod at ono of tho pari- who is popululy blamod with hav- 'made his caroless, onsy-golug nssocinto hig own dupo, nud by that mcans decoived the dopositors a8 to tho frm's ronl condition, On tha day provious to tho sugpension, tho henviest individual dopositor, who bad £3,000 in tha con- corn, was assured that tho bauk wasin bolter condition than ovor, and makiug more monoy. —_—— ST, LOUIS, Bpecial Dispatch lo The Chicago Tridune, 8. Lous, Bept. 27.—Tho embargo on flour will necossitata the stoppage of a fow flourluF mills, though most of them, it is thought, will rind on until tho troublois over. Tho Atlantia Plouring-3ill will stop at 12 o’clock to-night. Merchunta aro boginning to complain that thoe railroads aro not suflictently eonsidernte of tholr necossities sinco the panio commencod, FLEIGHT LIADILITIES in Bt. T.onis havo runup to su aggrogate of uenely bal a million dollars, and thoro i no monoy to pay thom, althongh tho Railrond Com- panios insist on having curroncy. MANUFACTURIRS are becoming oxtremoly sonsitivoin rogard totho mtuation, saying thoy will not bo nblo to got eurrotey to pay thoir handa, ‘The Wostorn pays off its hands and stops on Monday, I have not heard that any other foundrios or rolling mills mtond followlng its nxumyln. Uhoy all foar n yassible disarrangement of he market aud lack of purchasers, N0 BMALL OURRENOY, Tho following Is told ru illustrating tho searcity ot amall billn: Tho City Qronsuror started out this afternoon to obtain smaller currency for £7,000, which ho hnd in thousaud-dollar bills, Aftor cauvagsing tho banks and tho city dill- ontly, ho returned, hoving succoeded In ohnng- [ug ouly ano thousand-dollur bill for hundrod- dollar bills, CITY BORIP, The praposal of the olty to issno £300,000, and probably 6800,000 du werlp meets with general fayor. Tho Councll meots to-night, and tha aotlon will probably bo taken. Tho aily sorip in former yenrs has ciroulatad at ith pat vaiue all through Missourt aud- BoutboriIilinols, Much indiguation is exprossed that tho 82,500,000 in greenbaoks, locked wp in the Sul-Transury horo,” Cannot bo mado ayailabls o swoll this volumo of aurronay. PSS — . MILWAUKEE, Special Dispateh toThe Chicago Tribune, Mitwauges, Sopt. 27.—Thero s no materfal chango horo in finanolal affairs, The susponsion of V. 8, Candoo, a private banker, is announced thiu ovoning, but Lis asrots are supposed to bo coneldersbly in oxcoss of his liabilition, and tho sffair crontes vory littlo oxclioment. The failure is duo to the withdrawsl of doposits sinco tho' suspenaion of Jay Cooke & Co., for whoso Northern Paocifle honds Mr. Candee was an agont, The rost of the banking Lousgs continuo to do businessas horotofore, pnyln[& all demanda ' on prosontation, but no run Is noted. — SALT LAKE, SAur LAre, Sept, 20,—There was conalderable oxcitoment horo to-day. Tho First National Bank did not opon its doors, A notico on tho door states tho causo of thoe susponsion to bo tho failure of Enstern housos, and inability to ob~ taln ourroncy, Tho linbiliflos aro amply sooured by good assets. Delmnlmm need not feel un- onainegs a8 to ultimato loss, Tho assots covor 830,000 5 lnbilitios, $277,000, oxclusive of tho Eornoull proporty of Warren Hussoy, who holds bimsole”rasponalblo for all tho bank indobtod~ a8, . S LOUISVILLE, LoumsviLLr, Bopt. 27.—Considorable oxcito- mont prevailed to-day, caused by the suspenaion ot an early hour of the following bsnks: Ger- mon SBeourily, German Insursuco, Masonlo Bavings, Westorn Bank, Central Savin n, Gor- man Bank, and Toulsville Banking Company. Dusinoss in genoral Is quict and prices nominal for all londing articlon. No run af the close of Danking hours upon any othor banks. ——ge ‘WESTERN COUNTRY BANKS, KEOKUK. . Spectal Dispateh to The Chicago T'ribune. KEORUK, Ia., Bept. 27.—Thoe Commercial Bank suspendod yestordsy. In consoquence thercof there was & run to-day on all the othor banks of tho olty. EAST SAGINAW. Spectal Dispatch to The Chicago Tribune, EAsT BAGINAW, Mich,, Sept, 27,—The banks of the 8aginaw Valloy, at a meoting hold hero yee- terday, at which fourteon banks wero repro- sontod, having rosolved to pay out no moro cur- roncy than the nocessity of trade demanded, a meoting of citizens represouting & largo portion of the business men of this city and millions of dollars was Leld this ovening to indorse the action of the banks, Tho mosting was unani- mous, and rosolutions ““"“""""L confidence in the banke, snd o plodge tostand by thom, wia adopted withont a dissenting voice. . At o mooting of tho lumbermen aud sal mauufagturers, held st Bay City. to-duy, it was rosolved to reduce tho prico of labor 12}4 por _cont for mon omployed in tho woods this winter, Uloss other action is taken, tho game will apply to mill-hands and galt-boilora next senson, "T'ho Directors of the Tittaba¥aseo Boom Com- pany, who oporato tho most exta nsivo booms in the country, took the samo sotion at 8 mosting in rogard to the price of labor. GRAND RAIIDS. . Spectal Dispatch to The Chicago Tribune, GoAND Rawios, Mich., Bopt. 27.—Five banks in this city, npmoly : tho First National, City National, Dutch Bank, Fullor's Bank, and Grand Hapids ' Savings, ofl joined in a published notleo this morning that until furthor notice thay would not pay checks or cortificates for large amounts, "but at 2 o'clock tho City National published a notico rescinding its art in that urrm‘alfiomom, anpouncing its road- 088 to pay in full all chocks drawn sgainst do- posits horeafter. OBITROBH, Special Dispateh to The Chicago Tribune, Osmxost, Sopt, 27,—The financial crash causes grent apprchonsion smong mill men, Thus far our banks have honored all demands, and hope to weather the storm, Many of themills woro uonblo to pny: moro than half their lia- bilities, and if tho presont stringency continuos many of thom will ‘shut down. 'Chis will throw out of employment 600 or 800 men, and grent sufforing must eusue, AULINVILLE, TLL. Special Dispatch to The Chicago Tribune, CARLIKYILLE, 111, Sopt. 27.—At a mocting of the oflicors of tho thres banka of this city, yes- terdny, they agrend to ndopt tho following’ plan for the Loueflt of themsolves aud thoir deposit- ors, viz.: ‘That they pay out no currency om chocks or drafts of over $100, This agreoment was signed by the Prosidonts or Uashiors of all tho banke, Our banks are sound. WELOIT, WIS, Special Dispateh to The Chicago Tribune, Berorr, Wis., Sept. 20,.—Owing to tho_impos- sibility of obtafning currency the Boloit Natiousl Bauk decided to suepend business to-day. Its socuritios sro nmplo, Busponsion only tompo~ Tary. . CANTON, TLL Castoy, I, Sopt. 27.—The ¥irst National Bank, Poople’s Bauk, and Home Bauk, of this city, have temporarily suspandad until the finau- clal crisis is over. iy ABROAD, Loxnox, Bopt. 27.—Tho steamer leaving Liy- erpool to-day for Now York took £500,000 in bullion. Lospoy, Bopt. 27.—Tho smount of bullion withdrawn from the Bank of Eugland on bal- ancos to-dsy is £8,000, all for shipment to Ameriea, Al tho availablo ilold in the streot lls also being bought up for shipment to Amer- ca, EIGHT MINUTES SLOW. hirce More Livew Lost Through De- foct in a Conductor’s Watch, New Yonx, Sopt. 27.—By a collision on the Midland TRailrosd, yesterday, tho engines were noarly torn to pieces, aud the cars were bodly wrecked, and a fow of the prssongors wero injured. The accident was oc- casioned by the carclessness of o freight con- ductor, who was running eight minutos into tho timo of o passongor-train, His watch wns oight minutes slow, and it muak liave beon known to mon at the west ond that ho was behind time, as they en- tronted him to await the pessage of tho local Anueu%er-lrdn, bt ho would not listen to them, 'ho watchos of the conductors are held by an ollicinl of tho road, buving boon stopped st the timo :lvhlah they marked whon tho accidont oc- curred. New Youx, Sopt. 27.—Three of tho four per- pons who were seriously injured in a collision on the Midland Railrond, yestorday, svedead, and tho fourth s not expested to racover. All woro railrond employes. MINERAL WEALTH. Valuable Gold, Silver, and Other Min« cral Beposits i the Country Recents ly Purchased from the Utes=-Fhe Most Magnificont Mouutain Scenery in the World. Denven, Col,, Sept, 27.—Thomns K. Creo, Bocrotary of tho Board of Indiau Commissioners, arrivod liore to-day. Ilo brings with him a copy of tho Brunot Right troaty, signed by the lu- dinns, In compauy with six Indisn Uhiofs, Mr, Orao spent a wook in_oxploring the Brunot purchmsos, They vieited tho San Jumn mining region, and roport it immonsoly rioh in S;old, silver, copper, load, iron, and conl. Flve hundrod valuable loads linve boon located, and ono mine, the only one fully tested, s ym(dlng, with poor mnubhmr{, #1,000 in gold per day. T'his mino, tho Littfo Giant, sold without logal titlo to n Chicago oor;lsnny for £500,000, sud winco tho troaty is valuod at $1,000,000, Itis oxpeoted with ‘the improved mnchinory now on- vouto that it will yield $25,000 gold per wook, A mino with bottor ndleations, on the same load, is Dolug negotinted for at §450,000, The ore from thufnndylvlda from %2,000 to §5,000 por ton. Anothor ‘gold lead, undeveloped, yields £8,000 por ton, Tho country is oqual ? nch in sllver oro, the load being very rich in voin, six foot thiock, 'I'licro are numsrous veins of copper cropping out ou tho surfaco, nono of which aro takon up. Iron aud oonl Nie'ln_olose proximity, tholattor of superior quality, for emelting pur- posen, Fifty town lots woro located on the news of tho trenty boing signed. Tho country fa im- mensely rich, and, with capital to dovelop, I good for a 100,000,000 of procious motals. Mr. Oreo and party spent soven days in tho saddlo crossing iha throe main’ rangos of the Uncompalgno and Ban Juan Mountaiug, crossing at aititudos of 13,500 to 18,000 foot, in open air, rhllng[ tbrough rain and enow, over watoop trails and through fallon timbor, swamp, sud rooks, ‘Lhey report the country the grandost in the world ~ for mouniain sconery. At ono point thoy caw a hundrod peaks 14,000 to 16,000 feot high, ko mining xoglon 1 surrounded by a8 good & ohain of mountaina aa thore aro in tha country, The country acquirod containn four mnl‘l’on: ru’! thie most valuable miuoral laud, The pruceodings wore in tho sbinpo of an articlo of agreomont, snd do not come undor tho hosad of a tronty, which is forbidden by lasw. —_— POLITICAL. Threo Repubiienn ‘Tickots in the Ficld in Gr ty County, Speetal Diapateh to The Chicago Tribune, Monnig, 111, Sept, 27.—Homo threo waoka ago » Ropublican Conventlon waa lold, nomiating county officors. A woskaftor s Farmers' Con- vantion was hold, sud all tho offices wore sgain filled by Ropublican nomincos, Tho Domocrats woro dlssatiafied, ond ab n mooting of the londing mombers of the Domocratic party, hold n wook ago, it was rvesolved to call s mass convoution fo mnominate a now tickot. To-dey tho Couvontion was hold. About sixty dologatos were present, about onos half of tho towns boing roprosonted. A com- mittoo was appointod to scleot o list of candis dates, This commitioo roturnod a full liat of Republicaus, and: tho following wero chosen as candidates: L. B. Latt, for Connty Judgo; L. W. Olaypool, County Olerk: A, lImfon!a Troage arer;: 1. G. Stosson, Bchool Buperintendont, This aotion of tho Ropublicans in monopoliz- ing all tho officera exaeporates tho other party, aud, as thoro are now throo Ropublican tickets in tho flold, i¢.is probablo that a clean Domo- eratio tiokot will now bo clocted. Morgan County li‘lnpllblh:an Nomina~ tHons. &pecial Dispateh to The Chicago Tribune, Jaousonvinre, Il, Bept. 27.—Tho Grantites ot tho political pot boiling horo to-day, Their County Convention nominated the following tickot: County Judge, E. P.Kirby; County Clerk, A, C. Woods; Assessor and Trossuror, Oharles Packard ; Buperintendent of Bchools, Honry Kufi ine ; County Commissioners, D. Dotriok, William Daviy, sud A, A, Crum, * ’l‘hufinunmplad to sccuro farmor's votes with tho following, among other rosolutions : Resolved, That wo condomn as_dishonest and in- conslstent with tho principles of tho Republican party what {s known an tho back-pay law, and demand from ous ropresentatives in Congress ita immediato ropeal, Reaoloed, ‘That rallway companies ara commnon cars riorn, and ns such aubject to loglalativa control, and thoy should bo required by lnw to sorve tho publle for & rossouablo componsation, and without favor or dig- crimination, Reanlved, That wo demand that the utmost oconomy and prudenco be exercfsed ju the collection and dis- burdomont of public funds, and that no more public Jands bo dousted in aid of rtlronds, but that they bo rosarved for salo o actual sottlors. Anothor resolution contained eome high- gounding phrases about tho past records of the ?ngubl.[cnu party, andono squinted towards free rado. Thoro Wera 288 dolegates in the Convention, ‘but not tweuty pald any aitention to tho reading ]::r the resolutions, for all wore lustling to get oma, Senatorial Nomination in fown, Special Dispateh to The Chicago Tribune. MoGrraon, Ia., Bopt. 27.—Hiram Bailey, of Chickasaw County, was nominated for the oftica of Sonator by the Republicans of tho Forty- fourth District, on the 263 ballot. Tho Hon. H. D. Noblo, of Howard County, and Andy Feit, of the Naghua Post, were in thie fleld, which made tho contest s lively one. Felt proposes to bolt Dailoy’s nomination. THE CROPS. Scptember Report of the Departinent of Agriculturce=Facts Concerning Inscct Pests Solicited. WasnivaroN, Bept. 27.—Tho Boptember re- port of the Dopartment of Agriculture indi- cates that the yleld of moize will be somowhat lower than that of last yoar. Tho averago appears to bo 4 per cent less than in 1872, making & reduction of more than a million acres, mostly in Ohio, In- s, inols, and Iowa, noarly two-thirdaof a million boing in Dlinois. The number of coun~ tios reporting an svarage condition in Soptombor 18 2224 sbovo an averago, 2215 below, 581, Total numbor roporting, 1,024. The goneral avernga of the condition, as bascd upon county ayverages, and tho pro‘portiou of tiio crop produced by cnoh county, i 81, The States'sveraging 100 or moro are Now Hampshire, Now Jorsey, Georgia, Alabama, Western Virginin, Minnesota, aud Ora~ gon. The avorages of the great coru-producing Btaton aro ps follows: Kontucky, 94; Obio, 813 Indiana, 87; Illinois, 8; Iown, 81; aud 3lis- souri, 67. Minnesola in tho Wost snd New Jorsoy in the East report rolativoly and abso~ lutely Ligh ovoragos of condition. Mary- land, Virginia, and Florida presont rola- tivol, higher figures, and all other Southorn Statos lower than 1872, although thoso upon tho Atlantic const promise an mverage. The yield of tho Southern Btates was \\nuam!ily Inrge lnst yoor, but will bo considorably undor the average tho present season, It suflor- ed too much moisturo tho . bot~ tom lands, It s also a moticenblo fact that in States where the rains heve Leen moat injurions, the roports of local dronghts aro somowhat numorous. Complaints of low vitality from bad sced aro common in Ohio ‘and Michigan. The summor droughts were injurious _in portions of tho sumo Btatos, and m Indiana, Illinofs, Towa, Missouri, and Kansas tho crop i gonorally Toported two wooks Inter thou _usual, - Chinch- bug injuries are roported in Indiann, Illinois, Misgouid, and Nansns.- Grasshoppera proved destructive in sections of Missouri, Iowa, snd Kangas, The Dopartment of Agriculiure is issuing o circular for collocting tho results of the sea- son'a exporionce in o systomatio warfare upon ingects. Attompts _af protection against thess posts havo boon more general and poraistent than ever bofore, Inmany inatauces groat success {8 clafmad in the usae of arseuical compounds, The circularsays tho annual losses of cotton Ifrom tho ravages of cotton-insecta amount possibly to half o’ million balos in -oars of ineoct provalonce. Any facts bearingnpon bis subject will bo gladly recolved from plant- era who do not recoive tho circular of inquiry, os woll as from cormsguuduum and others wha do, Spectal Dispatch to The Chicano Tridbune, 8r. Joseru, Mo,, Sopt, 27.—Tho woathor hero {8 favorable tosecding, nud the broadth of wheat sowu i in oxcess of lust year, —— PESTILENCE. he Vellow Fever on the Incrense in Memphis—Ehe Mortality KList in ShroveportYesterday—Genrful Suftor ing Caunsed by Want of the Necessn- ries of Lifo In the Latter Citye Special Mapatch to The Chieago Tribune, Mearpms, Sopt. 27.—Total deaths to-day, 26, o whioh twenty died from tho scourgo, the great- out mortality being In tho uppor part of the city, whero it first appearad, aund whero, owing to the damp and rainy weather for the past 18 hours, uwumbors of new cases aro roportod. In some instances whole families aro down with it, and in threo houses I know from por- sonnl observation thab thore are soveu dead bodios lylng awaiting interment, As yot that })m of tho city has not boon thoroughly disin- octed, and only to-day did tho authorities con- oludo to soud the streot-cloaning forco there with cart londs of lime, but ns: yot thoy have not seon thoir ordors exocuted, Tho destitution uud want - in_ that locality cannot bo told, A majority of tho ~poor are out of food eutiroly, or nourly so, and sturvatlon, ag well as_tho vellow fovor, stures thom in tho face, The Ioward Rolief Associntion are using every menus in their power to reliove their wauts, but” have not assistauce enongh in tho way of npursos, and tholr funds nro gotting ow. The Citizons' Committoo wors sppenlod to, and & ealt'made by them upon tho sbaoutees, thoss of tho 20,000 that fled tho city and wont to Chica-~ go, 8t. Louis, Loulavillo, Cincinnati, and otlior Dhacos, for donations, ‘Tho diseaso has still furthor enoronckied upon the reapectablo por- tion of tho oity, and mombers of eeveral promi. nent fawilioy nro down with . Mr. Frank Taft and M, Eugone l\ln;{ovnny died with it to-day, both well-knowa citizone, ol T the Aasoctated Press, Sr. Lous, Sopt. 20.—An sppenl was made to tho morchants, to-day, for food for tho snffaring and dostitute pooplo of Shreyeport, La, and fiva car-londs of Fmvlslunu waera at onoo contributed, and a conunlttoe of morchants appoiuted to can- vagg tho ity for moro, I'wo oar-londa weve for« warded to-night, More will bo sont to-mosrow. Bungveront, Sept, 27.—~Intorments fo-dny: Jules Ormand, 20{ Lowis Wolz, 43; Frod, Co- rives, B3 ; J. 1. Elstuor, 663 3.8, Taylor, 87; M. Kolly, 471 Dan Wall, colored ; AL, O, Kellar M. Kolly, 631 King Collo, colored ; Suean Itoso, col- orod; W, MaCnll, 20; 8. G, Lovorett, 425 1%, M. Wright, 87; Moflio Work, 92; Ohina, ‘Wolfr, 23; Mios Hoator Hogers, 31 1 Win. Castls, 833 E. L. Ploraon, 85; 0. Tlar, infantj tha Rav. Fathor Bilor; Maj. J. 8, Ashton, Total, 23 White 0§ oolvzod, B in