Chicago Daily Tribune Newspaper, September 30, 1873, Page 1

~ The Ehicage Daily Tribune, VOLUML 27. INSURANCE. CHICAGO, TUESDAY, SEPTEMBER 30, 1873. LIVERPOOL & LONDON & GLOBE INSURANCE COMPANY. Cash Capital and Assets, over - - $20,000,000 Assets in the United States, over - - 3,500,000 UNLIMITED LIABILITY OF THE PROPRIETORS. This Oompany will acoept first—plnsa Mercentile Risks at Current Rates, CHICAGO OFFICE, ORIENTAL BUILDING, 124 LA SALLE-ST. WILLIAMWARREI, __Gecneral Axent for Noxthvwestern States. DRESS GOODS. SPECIAL BARGAINS Dress Goods For the Next Two Weeks, HAMLIN, HALE AND COMPANY Will offer of recent purchases Seventy-five Cases Beautiful Fall Dress Goods, of mew styles and eolorings appropriate for the season, and at prices decidedly cheap. MADISON AND FRANKLIN-STS, Checks on the Third National Bank will be received by us as currency in settlement of existing accounts, and future purchases, excepting those of Wholesale Houses in Chi- cago with whom we have weekly re- ciprocal settlements, and to whom weo have paid our side of the ac- count in currency or its equivalent. NOTICH, DEALERS LIVE STOCK! THE ST. LOUIS National Stock Vard Located at Fast St. Louls, aro now proparad o racoivo all kinds of Live Btock an! earo tor it proporly, Tho trans. forring by tho Mi-sourl Pacific, Atlanile & Pacifio, and tho 8t Louis, Kansus Cliy & Northorn Railway, focted. Tf billed through dircot to thoso yards, all tho ‘Eastorn linos aro now propared to rocaivo stock for shi| ment et of North, No formnt oponin of the sards wiil take placo uniil tho 2d day of October noxt. “Tho botel {s now ready 10 reooive guosts, with frat-slass accommndations, o ask aliberd sharo of patronago. The Yards continuoto racolvo and ship all kinds of stock, A, M. ALLERTON, Fres't, R. M, MOORE, Asststant Troasurer and Secretary. NOTICE. The opening of the 8T, LOUIS NATION- AL 8TOCK YARDS, advertised for the 2d of October, is unavoiaably postponed. Due notico will be given in a future adver- tisement. ‘Hotel is now ready to receive guests. The Yards continuo to receive all kinds of stook. R. M. MOORE, A, M., ALLERTON, Am't Treas, & Sea'y. Prosidont., A PRELININARY WERTING Of tho Grooars and Butchers of the West. Side, was hold &t the Evorott House, to organizo a Grooors' Board: and a gonoral mooting in ealled, to bo, beld at Grow! RS {Weat. Madisgncst., on Thostay cxrming ‘ab o'olock, shorp, ALl Groers aud Butobars of the oity ar fovited1o aitena; - Waomn ininees. 15 Bonih’snd orih 5idors are ospoctfully Lavitod. Union National Bank. Om0400, Sept. 50, 1673, IN LIQUIDATION,—Naotico {s hurcby given that the Union National Bank of Chicago has, by an affirmative ota of its shisrehulders, awning moro than two-thirds of ta slack, boen pisced 13 liyaldation, undor tho provislons of Sootion 43 of the National Currerioy Act. ~Tho holders of its noten and ofhor creditors, aro oo for payment the notes and othior claime clation, G, A. JUST Rg}pEivED, VAN SUHAACK, STEVENSON & BEID, Anothor largo luvalco of Porry's Just y-celobrated Baoth Frookle L md 3 and Ecooule otion, amd Gomadons ‘and Fimplo Roraody. NOTICE. ‘The Loan OfMice of A, GOLDSMID, 118 Olark.st., will beclosad from & p, m, Tacsday, S0tk inst., until7 p. m. :Vndfudny. Oot. 1, whon buslnoss will be rosumed as sual. CHANGE OF FARE, On and after Oot. 1 the ratea of faro on tho Wabash.av. Btages will bo: Commutation Tickets, 20 for $1,00; for sale on all stages. _Singlo faro, 10 conts; SPOOL SILK. EUREKA SPOOLSILK, isory Spont WARRANTUD to gtva satisfsstion or monoy refundod. Our FALL RITADYS in hoth 4 and 1, 8ro now really, tho lattor from 20 to 3¢ per cont strungor {oan auy ottiué Golorod Spoul bilk, sepuslally adapted ta sowing. BEAVicy, YOBTER & BOWMAN, Manfes., Chicaxo Ottio, 10 LAKE NAVIG, s GOODRICH’S STEAMERS ¥or Raclne, Milwaukee, Shobioygan, ota., daily, Sundays oxcontol, i, m. - Haturdny JCouraion Hoat - vl o s Toava otil s e o 1o and lavon, Geand Raplds, Muskogon, Sprin Lal hullx:ul, ‘Manlstos, utoy datly, Unidaye oxs bh, dally, Bund . m. o oal doutt laave cutih 11 o 0 or Gre ay Ports, Manday, Wednesd: L7 p, m. S0, Boud d” Wedaosdsy' Bat~ ment THE TURF. OPENING DAY OF THE FALL MEETING. DEXTER PAREK. TWO RACES. FIRST RAOE-For Horsos that nover beat 3 minutos. $1,000. 0. Rulllvan ontors b, m, Henrfotta, @. W, Buchnoll onters b, m. Amy B, D! P, Tiisnall ontara b. m, Moss Roso. T, P, Rtoach entors b. m. Ida, SECOND RAOE—For Horsos that mever beat 2:30. $1,500. Budd Doblo ontors 0. m, Nelly. A, H, Buck onters o, m. Hattio, + 0. Simpson enters b, m, Nourmahal, - ¥+ B, Rowoll & Uo. fll‘lllfi: RAm:I\‘]t,MI'“ Girl, T, P, Roach unters bl ot Howare, ., Gonoral Howard. . . Armatrong ontors c. m. Ada ¥, 10 Colobrated Raco. M /OE DANIE] IUBBARD(oh. thiae ey b0 Cotorate), il ba-showa during the aftornoon. * Tho P., ¥t, W. & 0. : . and Michigan tralas difoct to tha track evory houri avery five minutos: omaibas 1ino do Boason Tickots for tho four dags, Becrotary's Offfoo, Grand Paoftio ¥ and at th Traok. CLOTHS, CASSIMERES, &c. Bouthern will run 1ho State-st, cara Halsted-at. tobo biad only at , Transit Houso, (Cloths, Cassimeres, And Woolens Generally. HAMLIN, HALE & COMPANY Will offer the Trade, the coming two weeks, a Magnificent Variety of Woolens, Flannels, Cassimeres, Jeans, Cottonades,and Tweeds, comprising one hundred cases, and at prices commanding the attention of elose buyers. -MADISON AND FBANKLIN-STS, COD LIVER OIL. WILLSON’S CARBOLATED €0D LIVER OIL 1n a Spocific and Radical Caro for CONSUMPTION AND BOROFULOUS DISEASES, TRemember the name, ** Willson's Carbolated Cod Liver 0il." Tt comes in lara wedgo:shapod bottles, beard {vontor’s slgaaturo, and 1s soid by the best Dosgateg.° Propared by J, H, Willeon, 83 John-st,, N, Y, For sale by all Druggtsts. Ansilas ite) HURLBUT & EDBALL, Chissgo, RICHARDSON & €O., 8t. Louts, Mo. FINANOCIAL, 7 PRESTON, KEAN&GO, BANKERS, 157 & 159 LaSalle-st., and Corner Randolph and Halsted-sts., Transact & rogular Jommerocial Banking business in all its branchos, THE UNIONTRUST 0. BANK N. E. Qorner Olark and Madison-sts,, omIcCAGO, ‘Will continue to do business the samo as usual, Doposits Received and Ohooks Paid in full, Good Accounts solicited and Liberal Ad- 'vancos made, 8, W, RAWBON, Pros't, . I', PULSIFER, Vice Pres't. ‘W. B, HOSWHLL, Oashier, GIFT CONOCERT. THE SIORTEST ROUTE TO FORTUNE. $100,000 for only $2.60. THE LARGEST RETUILN FOIL THE SMALLEST INVESTMENT, A GRAND GIT CONCERT WILL BE HELD AT LEAVENWORTI, KANSAS, Docemboxr 31lst, 1873, FOR THIE BENEFIT OF A JUVENILE REFORM SCHOOL, 40,000 Gifts, B450,000 in Prizes, Principal Prizec,$1 00,000 consiating of tho suporb palatial residence of Stmon fbelos, Fiaa., unsurpastod s & prisato dwolitng In the United'States, belng only a fow blooks from tho Oourt. Houeo, surroindod by megnifigont grounds, orchards, gardatis, and vinosards. ‘tho busiglog Lae' boon enly Tocontly comploted with sll modorn improvomenta, PRIZE LIST. li; Erlfiu?}llunl Entatey - AT PREC §10.000 Bagh, o Elgfl. 215 I 4,00 0,00 i {i 25,000 i 00 SRR, A 09 o Sy “ ) s i e owow ;i i g owo« | eI oG W oo 10,000 ST 0 F— 1126 40‘1000 Prizes. « o« . . 54/}0.1)00 Tho titlo to thio abova real cetate {s guaranioed parfect. Tho liharal torms of this schemg brings it within the rench of all—tho groatest. opportunity ovor offored to the poor man (o riso to wealth, PRICE OF TICKETS, 8ingle Tickets, .60; Bleven Tickets, $26.00 ; Fifty-six Tickety, $126.00; One Hundred and Fiftcen Tickets, $360.00. "Tho drawin wil bo mado undor tho muparlatondonoe of a committes appoinied by the highest officlals inthe irnte, duly sworm o tho {a{thiul” perlormanco of tho da- los asignod them. ‘Tho highost ofolals bath of City, County, and State bavo not only indorell M, Abolos, but, aiso his schomo, o demand for tickots Is unparalloled, and all desiring topasticioato dn tho drawlng should a¢ onco form thole clubs and sond in tholr ordora. AGENTS WANTED In all Statea, Citl Tawastu itic United é‘"figfl" Samedaand T2~ Mouoy should bo eont t , P. 0. Ofdor o I oFsh Witk et aGsoss ol the ptobamct {n_plaln writtng, or farther (htormatton aud particulars, sond f 4 1ars to the Maiagor A50 Proprioton and” strass” oro™ SIMON ABELES, Loavenworth, Kan. Partics deslring Agonolos in Chisago oea addross, for threo da; CHARLES STOCKTON, Cnro Carrior No. 13, Chicago. FINE ART EMPORIUM, Next fo the Great Exposition THE MOST ATTRACTIVE PLACE IN THE CITY IS 0. D, ORVIS & 0.'S Fine Art Emporium, Their rich display of Oil Paintings, Chromos, Steel Engravings, Photo- graphs, Elegant Gold, Black Walnut and Gilt Frames, and Imported Fan- cy Goods, is tho largest in the West, They will Rotail at Wholesale Prices during the Exposition. O.D. ORVIS & CO,, 48 Van Buren-st., Botween State-st. and Wabash-av. REAL ESTATE, Savings Bank Accomnts Will be taken in payment for GROVE PROPERTY st NORTH EVANSTON, ‘Theso Lots are 50x100 feot, are convenient to the Dopot, Bchool, Church, and Btores, havo a fine growth of trees, and will be sold 2t 5600 and $800, on nasy payments. Rail- way tickets furnished parties who will go with me to see the property. SAM'L POLERY, 144 TaSalle-st, basoment, ___GHINA AND GLASS | ONTAG & STAUDINGER, Offor during the Exposition, FRENCH CHINA, Glassware & Fancy Goods, AT REDUOED PRIOES. No. 160 STATE-ST., oppusite Palmer House, | | HOTEL. THE GARDNER., This slogant loto), fronting Lsko Michigen and overs Looking Leko Park, commanis an hnobstzucted viow of the lnits, and is unsurpassed (h acation. Partics visiting Chicaga, eithor for business ar ploasurs, wlilfing at tho Garnop, Accommodations and RUeRtioh unsurpassed by any hotel on the Awerican Coutinent. Tho Inter-Stato Industrial Exposition Bulldings ara op- poaito tho hotel. FRED H. GOULD, Proprietor. WINTER RESORT. ROYAL VIOTORIA HOTEL. or fall informatior Nov. 1. drors J. LIDGERWOOD, Auont, 578 Broadwny, N. e AR HRS roperator, FTOR SALE. JUST REOEIVED AND FOR BALE LOW: 1,000 1alt Narrole No. | Mackoral, DO Half Burrols Extea Moss Mackerols ’-H‘ H) Kits Extra Moes Mackerol, 21500 Kita Extra ramtiy Mackorol. utntaly Georgay Cotfieh. FUIBIX; Wholgant Tk Dostar, 58 and 60 South Walart, P, 8,—I am not in the combinatiun to sell only for cash. My koo axa for snlo on thiio, an wadle - ufs He Dr STOV HS Tho American Baso Burnor, the ** King of Sto salo ab W, WL 2 corner of Cong: PAPER AND ENVELOPES, W EDDING Tnvitation Paper & Bnvelopes AT WHOLESALI; AND RETAIL. CULVER, PAGE, HOYNE & C0, 118 and 120 Monroe-st,, Chicago, CONRUMIERS will ind It profitablo fo kot one pricen hofore ordering ulluwhow." HINDLIE 5 JENKINS, Wiilosalo and Rotall_Stationers, rinters, aad Islank Houk Manufacturors, 164 Olark-st. DIC. ‘Wa colleot olaims of every desoription ugalust partios (bmu:fluxl,fi;l]nll:d fiatas and Canadus, and publiv inoasinsof thoso who do iy, Buni-dumual repert o Sallworities J SMOANTILE COLLECTION AGENOY, 148 Madisour 8t., Obicago. A. O. SLAUGHTER, Corner Clark and Madison-ats. d " , for cash, In our- nfifif‘ e oF e ook, “and Tovobt ‘Boouritios. No ordors raselvéd oxoont (or cash in dy fos tho prosonty - ED, W AN TTINIDD. ‘Tho undorsignod hnvlug tho fullast cunfidonce in tha muspended Natlonul fanks of Chicago to rosumu busi. n will :cnth*n \!hnnjfl :1‘1;[ tllmtulun ‘lm ll\anll ‘bankse i, ur or s ok i Lot e Bl Whiolosslo Millinory a; oy, 4D & 47 Jacksonat, ~_MEETINGS, Attention, Sir IKnights. Bpacial Conslava of Avollo Gummandecy N 1 K T.y g volook, at Hal), 134 Twantys Ihtosiom g SToNSE E SR Stiiiog Ml icarabia Sourtoously (uviieds br of the k. O UE W L G0k, Recorter. MORE LIGHT. Receipts of Currency in the Last 24 Hours, $2,000,000. All the Reopencd Banks Sus- tain Themselves Except the Union National, The Latter Goes Into Voluntary Liquid- ation. $400,000 Paid Out of It Yesterday. No Runs on the Other Banks. The Produce Markets Active— Wheat Advances 4 to 5 Cents and Corn 2 Cents, The Western Country Banks Right Side Up-~Two Banks in Bloom- ington Resume, Trade Failures in Philadel« phia. The Waltham and Howard ‘Watch Factories Discharge a Portion of Their Hands, Senator Morton Thinks an Extra Session of Congress Neces- sarys St. Louis to Issue $300,000 of City Secrip. CHICAGO. The walks among tho banks yestorday wero not a8 Intercsting as those of last weok, when thero was really o disturbed state of fooling, Roturning confidence was apparent everywhero, persons breathed easior, bankers folt better, and business bogan to assuma a more cheorful and healthy tone. The enormous amount of curron- oy imported from the East during the last few duys and the speedy rosumption of thfco prom- inent banks, could have no less effact than to in- fuse backboue into tho backbonoless, if thero ‘wore any without that pieco of auatomical hard~ ware. The prospect yostordsy had lost its gloomy tint, and the fulure scemed rosy and ‘bright to financial eyos. Everybody maintained & 8tiff upper lip, ) THE NATIONAL BANKS, WHEN THE DANKS OPENED YESTERDAY morning it was with hopes buoyant, which ban- ished anxiety. Ofilcers, Dircotors, and employoes seemed inspired with cheor, It may be truo, ag the old adagoe has it, that *‘care killed a cat," but if 8o, it must bo admitted that that purring folino, ordinnrily accredited with being the porsistont posseseor of nine lives, has less eo- lidity in existonce and powersof endurance than a Chicago Bank Progidont, The latter had for days been badgersd and bothoroed, and hur- ried and harrassed, and ssdniled and abused, and confounded and cursed, and dogged, and doviled, &nd entreated and enforced and flurried snd fought, and goawed and galled, and implored and insisted, and jawed and jabbered, and 80 on to the end of the alphabot of torture, including being prayed for and being preyed upon ; but, dispite alt, they came to tho scratch with remarkable suavity, and to the inquisitorial repartor presonted only velvet clawe. AT THE FIRST NATIONAYL DANE, business during the dey was conducted with the quiot and rogularity that marks every-day trane- actions. Thero wae horo neither a rush of de- positors nor n hurry of creditors, but the close of tho transactions showed a handsome goin of currenoy in the bank vaults, Jr, L. J. Gage, the courteous Cashlor, was at his post with & ready welcome for every friend, and a smilo for every foe, if tho imagination may fanoy the bearer of & heavy chiock such a being, Aftor tho closo of the bank for the day, ono of Tax ToInUNE roporters repented one of those pleasant intorviows with him. And hore eald reporter was also fortunate cnough to meet & prominont finaucior from Now York, whoso modosty oxacted from the writer tho promiso not to lorald his nsme to tho public. Immodiately concerning tho First National, Mr. Gngo said “ overything was lovely.” Tho continuation of the schoal-boy oxprossion, signi- fying that tho downy biped hangoeth above its acoustomed altitude, instantly floated through thomiud of tho reporter, but it consideration was banishod by more practical information. The First National hed roceived considerablo sums in balances from thoEast since the closo of businoes on Baturday, aud had added to its ncou- muiated treasure by the continued confidence ro- posed Dby dopositors, The transuctions of the day had been largo, with balancos most sntiefactory, A numbor of new accounts hind boen oponed, and the augmentation of busi- noss was conclusive proof thet tho tronsuro- vaults of doposit institutiona had been unlock- od, aud that Idio capital, hoarded in the days of dospondeucy, was scoking romunerative juvest- mont; that its possossors wore wenry of its un« productiveness, and wore again beginning toplaco it **whera it would do tho most good,” The re- portor was rathor astonished on learning that noithor tho New York capitalist nor tho First ) National's custodian of curronoy had read Prosi dent Grant's Jottor on the flnanclal situation, publishiod in the morning papors, and that thoy hadbeon too buay with tholr own practicatsolution of dificultion to givo thought to tho assump- tions of tho * Nation's Savior." Vunmring to suggost to these gentlemen tho substance o THE PRESIDENT'S LETTER, tho roportor was reminded of tho inutility of grontnoss, for tho only real suggestion in tho opiatlo to Claflin and Anthony was recelved with a quiot smile of doubt, which was readily con- strucd into tho automatic exprossion of disboliof that * the Governnient ™ hind nsserted that * the bonks could now resume n gonoral systom of discounts.’ A general convorsation followed, in which the reporter took his usnal station of listonor and receiver of {nformation, and, since noither of the gontlomen who_oxpressed their viows are desirous of courting Presidential favor or frown,or aro Aspirants for the hazardous station of Becretary of tho Tronsury or Comptrollor of Currency, only the gonoral rosuit of the conver- satlon in ls conclusion iy given. The Govern- montal intorforence in the crisla nun»ld&n¥ had had no appreciable effect, and only in an infini- tessimal measuro had afforded relief to thoso in- volved in hazardous onterpriso. Nor was thera uny necessity to deorenso the valuo of tho clire culating medium by Incronsing tho Govorne mental responsibllity, without adding in tho same measure to tho security of that responst- bility, The vast businoss and trade of the na- tion'had for years been done upon an accopted bosis of crodits, the actual 'sum of curtency in active use being but & emall percentnge of the amounts represented by credit, An incronse of the volumo of currency to & sum represonted in businoss credits would be s impracticable as unwise and unpecorsaty. THE BYSTEM OF CREDIT waa based on actual valucs of tho natfon's ro- sources, and in tho adjustment of trade only such currency 08 was necossary to the sottlo- mont of balatices was requisite. Until perfect confidence was restored {n the country, and the milliona of currency now lying idle in closed vanlts or tiombling hands was restored to a healthy ciroulation among the people, it would be impos~ siblo for the bauks to resume a_gouoral system of discounts, or afford neccommodation on paper not securod by immedintely available cash col- luterals. ¥ Tho conversation turning to the consideration of the finnmfl security of tho consorvative banks in tho East and West, the reprosentatives of tho two scctions did not agree ns the mensure of mnfoty. With & plensant pride in Umcn)iu'u immediate proximity to the agricultural flelds of tho nation, of which it waa tho diroct cntrepot, Mr, Gago rogarded pas tho sofest 1nvestments those in the cercals and othor products, which, though eubject to fluctu- ntlons in prico, wore nbaclute necessarios of tho living world, and must haye an intriusic valuo which they would command when * stocks,” not from the bountiful lap of Nature, but the cro- ations of the artiflcial raquuroments of man, had -no other than a spoculative value. New York's roprosentative assumed that cash wag the mo- tive power_of tho world's being and moving, and that Monhaitan wos its depository, and hence her bankers hold the levor, resting on Now York's cash wealth a8 o basis, by which thoy could move tho mation. The pleas ant” differonce promising to enter into an abstruse discussion boyond the ken of an Lumblo roporter, the gontlomen, noting his mys- tification, kindly exercised compassion, and be- thought themselves of more instant and press- ing practical problems of finance. Tho most ‘pleasing oxpresuion of the probable cutcome of the healing financial wound in the bowels of the body, politio was the prediction, vouchsafed by Mr. Now Yorker, that in thirty days from date currency would be in abundance on’ the market at loan on a lower rato of interest than had pro- vailed since tho advent of the great civil war—at {from b to 6 per cont. AT THE UNION NATIONAL thoro was quite o rush of creditors in the morn- ing, but it was not a “run.” Tho bank had de- tormined not ta clear at the Clearing-House, hut to adjuat all balances with othor banks over thoir countor, and to eo_pav all depositors whoso checks wore honorod. 'This, of courso, kept the tollers and accountants vm‘y\msy all the day, aud up to dark last ovening tho ofticors wero not able to tell the result of tho day’s work. Aftor thio temporary suspousion, of course, there were o largo number of drafts upon them, smounting {0 noarly four days’ accurmulation, and, sa in tho aajustmont o separate account for the day was kept with every othor bauk, including the obli- g iona to the Union pnid tho nccoptances y it paid, a8 well as” the ..dividusl accounts, the work of the accountants was largoly multiplied. Mr. Wheeler, Vice-President, stated ho did not know Low much money had beon paid out, but it was a large amount. Tliore had been contiderable_deposits during tho day, but tho sum ko could not estimate. In conferring with othor londing banks, the roportor heard an almost unanimous oxpression of coufldonce in tho solvency of tlie Union méiounx, and ita certainty of poying every obli- gation. LATER, At nlate hour last night, the following wne handed in for publication: UNION NATIONAL BANE, OHIOAGO, Sept. 30, 1873,— In Liquidation : Notico i Lereby givon that ths Union Natioual Bank of Chlcago has, by on aftirmative vote of ita sharcholders, owning more thsn two-thirds of {ts etock, beon placed in Hquidation under the provisions of 'Sec, 42 of the National Cur- Tency act. ‘Tho holdera of i{a notes, and other credit- ors, aro notified to presont for poyment the notes and other claims against the sssociation, G. A, 1vs, Cashier, After the notifioation of suspeusion, which had boen sext to tho oflice, a TnInUNE roporter was detailed to investigate tho circumstances ationd- aut upon this sccond and final suspension, A fast toam rattled along in a southerly direction towards the residenco of Mr. Goolbaugh, and at a little before midnight the reporter was landed in front of tho marble mansion of tho bank President, No. 120 Calumet avenne. Hore tho bell was rung with an energy deserving of a nobler cause, but oo kindly response was offered to the benign invitation of the benevolent re- porter. ‘Cho only notice vouclisafed was tho ap- pearance of a scorbutic individual, encssed 1n blue clothes, and with o star on his breast, He tried to stiike up a conversation with the hack- man cngaged for the occasion, bui, being un- successful, was forced to retire vauquished to his room in the rear premises, Tho reporter was forced to retire, too, Thinking of the un- happy bank Presi«fent, he recalled tho lines writton upon Sir Walter Raloigh ; b {1After life's fitful lockup he sleops well, and ordered the hackman to drive mournfully backwards to Tie TninuNe office, Buddenly an ides struck him, Hehad heard that the Vice- President lived in the vicinity. After closely examining the dbor-filmou of forty-three man- sions and ringing the bolla of Gwenty-five of thom, and baving misunderstandiogs with clever man-servants who answered the boll, ho struck the second house north of ’J.‘\vcntyAflrat stroot, on tho east sido of tho avenue. In answer to the seventh boll-pull & figure in_whits, with whiskers, appeared at the window: YIs Mr. Wheelor in?” gontly asked the reportor. #Hols,” mildly Insinugted tho something in white~it was impogsible to tell what it was. The roportor sunounced his migsion {n tones at once firm and respectful, Ho didn’t want to hurt Br, Wheoler's feolings, but, at the same timo, a ride at midoight down as far as Twenty-third streot must not bo without results in {.mn.le timo, oven if wsomo oxtra stonm a8 to bo Imt in, Aftor a fow minutes had clapsod, a click was beard at a window, and the snowy form was again np{:ment, o'ertopped by tho genial faco of the Vico-President. Aftor apologizing for thoinopportuncnoss of the visit, which ho hoped the nocessity of tho occasion would excuso, tho roportor opeued the ealient point of tha intorview with s quostion: Toporter—Mr. Wheoler, what is the standing of tho Union Natioual this ovening ? Mr. Whaolor—You aro a Tuinune reporter? ‘Then of course you know, the nows. We have resolved to go into voluntary liquidation, Roporter—Will not the public bo aurgriued by this nction ? Is not your bank solvent Mr, Wheolor—As to tho surpriso I cannot answor, Our baul is solvent, Toportor—Then, Mr. Whoelor, What has in- ducod this aotiou on tho part of the Union Nutlonal ? Mr, Whoolor—We have found our eurroncy funds fnadequate to tho supply of the domand upon us, Reporter~Upon your temporary suspension what amount of funds did you hnve an hand,— I moan cash in curroney and fmmodiatoly availa- Dbl eash collaterals ? Mr. Whoelor—T'hat Icannot dofinitely anawer, It was statod correctly in L I'mnuNE at tho thme, but I do not recollect tho exnot amonnt, Reportor—Was it not stated at $1,400,000? Mr, Whaelor—I boliova that was tho llg)mxl- mate amount, but it was not sl fu cash, Beou i tics doomed fmmediatoly availublo woro included Rtoporter—Iiow haw it beon with f'ou to-day? Ar, Whoeler—Wo oponed the hank against our botter )udgmnul. and our actlon was due to feoling of compulsory soquissooncoe in gonoral Judgwont, Wo did ot feel that ciroumstancos bad fl{ue Justified goneral resumption, but, in obedlenco to a eroming domand, wo opened the bank with the hopo that modoration and con~ sorvatism would insure our succoss. Reporter—How have your operations boen to- day? er. ‘Wheeler—The demand upon ua han boen honvy, and our cash batances hayve been reduced over $400,000. Wo have folt utterly unable, in view of the outstanding amount, to maintain such_heavy drafte wiilo unablo to collect out- standing obligations due, Roportor—Are your socuritios good, and does thie bank think it will be able to dischorgo all obiigatfona 2 Mir. Wheolor—Wo have no doubt of either, and to this the peraonal word of our Directors and atockholdors is plodged. Roporter—\What was the amount of your obli~ gntions at the time of your first suspension ? Mr. Wheeler—I connot tell that. It waseo largo compared with our’ immediately available funds a8 to mako a temparary suspousion s ne- cesity, Reportor—In that conclusion, wera tho Di- rectors of the bank unanimous? Did they agree with Mr, Cnolbflu&h? Mr, Wheolor—Wo agreed with Mr, Coolbaugh, aud bolieved in tho soundnoss of his judgmont, Roporter—What waa_the immedinte occasion of your susponsio, aside from the goneral seem- in ndvumllf? \Ir. Wheefor—We hud a vory large cuunlrfi cor- reapondence, and wero dealing with banks throughout the Northwestern country. Here aro 250 country banks, howling for money and clamn- oring for currency, and their domands were im- portunate. They luoked to us to supply them, and called upon ue in_an emergency which nel- thor wo nor any othor bankers in the/country had anticipated in time, Teporter—When you recetved on the day of §our susponsion & tologram from o leading New ork bauk an authority to call upon thom for £500,000, would it not have beon possible for you io have availed yoursoelf of this credit, and main- tained your own standing ? Mr. Wheeler—No, sir ; on that credit we could not Dbave drawn currency, which was the article immediatoly demanded. We lhad not tho available current funds to continue busi- nees, and had continued against our better judg- ‘mouts 1 the haro of uuit(\; of nction among lo- cal bankers which would have afforded somo so- lution of the diffculty. But without thia wo wort compelled to sict upon our own responsi- bility, and assumed a position which weo regrot- ted, but folt necessitous., wamrtnr—l‘bnm have been rumors, Mr. Whoeler, that the bank or its oficerahave of lato beon largoly engaged in speculations. Is thoro nnK'x foundation for this report ? r, Whoeler—No, sir. Tho bank has not en- goged in any spoculations, nor has any of its oftfeors. * Roportor—To ho more specifio : has tho bank or apy of its ofiicers ongaged in corn speculn- tions ?Blnco tho commencoment of tho present crinis . Mr, Wheolor—Neithor the bank nor its officers avo. Roportor—What aro your obligations ? Mr., Wheolor~I belleve we owe about 83, 800,000. Reportor—What is the sum of cash on hand ? Mr. Wheeler—I do not know oxactly, Our ‘balance of cashion hand from the time of former susponsion has been reduced over £400,000. Wo mey have now $600,000. Perhaps not 8o much, aporter—Will you be able to realize on col- Jatorals and resume ? Mr. Wheoler—This wo do not anticipate. Our securitiea aro good, and we expect to be able to pe obligations. But wo have gone into volun- tary liquidation, and cannot resumo the bank- ing business, THE COMMERCIAL NATIONAL folkg wore happy and serens, Feoling confident of tho suliding of the waves, and that thoy wero in a safo harbor yesterday, this bank way aying in full the checks of evory dopositor. A argo number of now accounts were openad with thom during the day, and deposits had been very largoly in excoss of [Ln,\'meutn. 8o strong and confidont wore they that oven discounting had ‘been rosumed to some extont and in n safo way. Mr, Eamos, the Preeident, spoke in a most con- fidont monner of the present, and looked for- ward to ouly brighter and betfor realizations in tho imm ediate futuro. AT TUE TRADERS NATIONAL full business wasresumed without nukinfi favors, aud overy draft of a depositor was honored, whilo the doposits for the day were groatly in cexcous of the withdrawals. Without seoking (ns nono of tho banks did) now accounts, s nwmber wero opened, and tho affable Prosidont, Mr. J. 0. Ruttor,—to uso o inckneyedjoxpreasion, which tho roporfer could novor seo any sovso in, but which ho uses in deforonco to popular jndgimont, —Ilooked *' as smiling a8 o basket of chips.” THE NATIONAL DANK OF COMMERCE roopened its doors for business yesterday, and ‘was pursuing very much the course adopted by the fiulfln National. It did not attempt to clear at tho Clearing-House, but over its counters met and rosponded to svery obligation. In o day or twoit will reeume in full the ordinary courso of buriness, as its affairs are roported in excellent shape. * AT THE CENTRAL NATIONAL mattors scomed to be moving casily along. The President was chatting cheerfully with his cus- tomory, nono of whom looked as if they wero overburdened with the unhappy train of thought which arlses upon the reiurn on o business man’s hands of a quantity of what he vainly considored negotiablo paper. An interview with the President satisfied tho roporter that, in the financial ship Mr. Endicott was sailing, every- thing was tant and trim. Sho had weathersd the broakers, and, with a skillful pilot and leads- man, wonld cast anchor Bhortls in a safo harbor, Theo resnlt of the panic, he smd, would be that it would teach the poople not to carry too much eail, and, with this result attaived, oven though much distross must coma bofore it iz accomplished, the panic would be by no moans an unmixed avil.” Wo thought one of the great evils which Prnvnilud nmnng bankers at the presont duy wag ho provalont dosire to do ‘s big business." Many bankera with limited capital are running a very large and not very eafo businoss, the profits of which could bo realized out of a much smallor one. Mr. Endicott explained a systom by which loan cortificates might be issued ou' & basis which conld hardly fail to bo agree- ablo to all the banks, but, now that the time for thoir necossity may bo consid- ored {mt, itis h“m{x‘“"h while mentioning, More than that, the sfrong Eolnt of the system istho doposhinl% b{ the bank r(srl\lh-h:,:i such cortificaten, in addition to s set proportion of secutitios, 25 per cent of tho amount of tho so- curities in currency, With regard to the posi- tion of the banks, Mr, Endicott, who ‘illustratos - his oxplanations with a frecnoss of nautical ex- ression that would do credit to a Marrvatt or enimore Cooper, stated that every day showed an improvemont,—his customers willingly doing all they could to make matters move smoothly. Highly pleased with the reeult of this inter- viow, tho roporter moved eastward to THE OITY NATIONAL B ANK ‘whore tho Prosidont was busily engaged trans- acting the business of a little knot of customors, Thoir little wants having beeu apparontly sup- pliod by that geutloman, he began to at once ex- press his satisfaction at the way in_ which tho woek had oponed. **Things," ho sald, *‘looked woll on Saturday, but they look betler now.” The cash rosources of the bauk were incressing daily, and he folt now that ho was safo on Satur- day in thinking that the end of tho trouble had boon reached, In his opinion the final result of tho prosont troublo will be tho end of the cur- renoy question, When everything came to be romranged and in running order onco more, it would bo on a gold basle. In ro- meo to the roporter's question as to what he thought of Gen. Grant's hint as to aiding banks which discounted for their oustomers, ho soid he would liko to know in what way it was roposed to n{:ply the bolp. As to tho discount- {:lg, all the banks wore discounting for their oustoners sufliclently to carry on the' business alroady done, ‘I'hore in nothing new to roport of THLE SECOND NATIONAL, Tts Directors having rosolved to go into volun- tary lquidation, they aro making such amicable ndjustmeut of accounts as possivle. They be- liove iu thoir abillly to moet all obligations, and Liopa to be ‘mrmll(ml to mnke ante-mortom dik- pusu‘iouu without hindrance, prior to self-lnter- wment, TUE YOURTIN NATIONAL was quiot during the day, but @id considorable business, ‘Thoy roport a steady increaso of busivesn siuce last Wednesdny, more maiked yestorduy than any day last week, with au ox- cous of deposits over paymeonts, Soveral now accounts were oponed with dopositors, and this wau accopted as uu evidonce of continued trust in tho bank, aud a bright sud assuring promise o:hfho roturn of trado to its acoustomed chan- nels, THE FIFTIL NATIONAL roported a very large inoreaso of deposita over the sum of psymonts, and an jmprovemont in NUMBER 40. businoss much more marked than had boon an- ticlpated, Thoy bad found it not only so with this instilution, but there was » goneral indica- tion of promisg that tho worst was X““’ and the port of nafety had been reachod. All depositors were being paid the full amount of their checks, but the domand for currency hind been light, and nono they thought had Leon drawn except for immediate payment of dabts or for purchases. THE COOK COUNTY NATIONAL rosumed businoss in the morning, and kopt at it all day without intormissfon. “A groat many small checks wero prosontad and paid, but there was nothing liko o run. Mr. Allen, tho Presi- dent, bolioved that each day would renew confl: donce, aud that there would be no further troublo. THE THIRD NATIONAL has not yot resumed, but proparations are being made for that happy event, wlich will happen at au early day, 4 TUE DANK OF ILLINO1S did business us usual, aud will continue to do o, gt — PRIVATE AND SAVINGS, UNION TRUST COMPANY. In & call upon 8. W. Rawson, Prosidont of the Unlon Trust Company, the reporter had a com- fortablo chatron tho state of affairs, Mr. Rawson ‘being quito communicativo, aud showing that he undorstood fully the position of things. Iio thought that, everything considored, tho prosent aspect of tho commercial world of Chicago wna much brightor than it had been for days. Ie considered that the opening, for the resumption of business, by the Union and Cook County Na- tional Danks lad o vory beuoflcial offect. His own bank was in a position,ie considered, strong enough for tho occasion, and was carrying on business as usual. The currency on hand on Baturday niglit oxcoeded tho sum on hand that morning by $05,000. Ilo considered tunt there was in Calcago quite enough of currency to run all departments of its bueiness, if only it was allowed to run in its natural chaunels, Tao only dangor was in its gotting locked up by the people, and tbet daoger was decrensing rapidly. One question which the reportor put to him he answered in vorydecided torms. Ha eaid that he considered a baukor lad no claim upon a cus- tomer's moncy until a noto discounted for that customor beeamo duo. 1o considerod tho charging of an unmafured noto against o customer’s balauce ae an illegal act, which could not stand at oll. Ho thought thut the re- sult of the panic would be felt for some time, and 18 effect would bo much more tellng upon the strictly commercial than tbe bauk- ing interest of tho city. It showed plainly the absurdity of Chicago banks paying intoreat on call loans, and said thoy would act with much more discretion in allowing funds whose depns. itors require interest upon them to sock invost« ment outside of Chicago. Nine-tonths of the bankers all over the United States nie of the snne opinion, aud it was strango that, in the faco of this, a system so apparently dangeroua should still bo followed, AT THE INTERNATIONAL DANK Mr, Lowonthal, the Prosident, was conducting tho affairs of bis charge as uenal. Ho thought things looked much more cheerful, au improyes ment whick be attributed to the amelioratedcons dition of affairs in Now York and the rosumption of business by the Union and Cook County Na- tional Banks. Thoe condition of tho Internation- al ho considored quito satisfactory. The amount of curroncy deposited during the duy had greatly oxceeded that of any day slnce the pauic began, and thers was noticeablo a much vetter fecling in the mercantile community. In an interview with o gontleman juat arrived from New Yoik, ho was informed that the first oxcliomont was Just subsiding thoro whou the news from Chi- cago of the suspension of bunks brought on tha velapse. Ho considered that thoe result of Lo pauic would bo felt for somo time in the city. The tendoncy to romove currency from elrculu- tion, and hoard it, would prevau for some time, and bueiness aperations would consequently ba contracted. Ho considered that the statement that oleven millions of currency was locked np in Chicago alone was n fair valuation, Ono mdication of o better state of af- fairs, which he had not heard meutioned, was 'tho livomug up of bueincss on_tha Board of Trade. The sudden enbancivg there of the value of grain, ete., showed plainly that u Lietterday hind dawned, with prospect of much Drighter things aliead. With regard to the al- leged custom of ¢omo of tho banks of cLarging & current noto against a deposit account, ho said. he considered such & practico as radieally wrong. ! o put tho thing in a nut-shell, saymg: A noto is not due until it has matured, and cannot Do chiarged until thon,” ‘T'ho practico of allov- ing intorest on deposits on call, waich ho bad slrendy stigmatized os pornicious, bo - thought it would be very diflieult to obolish, The rago was to do o lnrge business, In respuuso to a question by, tho reporter, whother the banks would not get along aa woll if theso dopoeits went elscwhera,. heemd: “If the Chicngo banks united fuirly. and squarely agatust tho sysiem, the immedinta congecquences would be that they would ehow much smaller doposits due to the country bank- ers, but the additional safety would mora than counterbalance this,” And then ho sententiously added: “Jay Cooke & Co. paid 5 per cont on such balances.” Thus tho theory which sg strongly prejudices tho sound banker against this unsound system has been, in a most forcible manner, strongthened by o bitter exporience. THE WEST SIDE BANKS. ‘With a view to sce how the West ‘Side was getting along under the general trouble, tho roporter wended his way to the Praivio State Loan and Trust Company’s office, at the corner of Desplaines aud Washington streets, Iera business was gomng on just about the swme g before the cloud first rose on the Wall streot horizon ; deposits were coming in aud groeun- backs wero going out, and there wes no air of excitement vieible anywhere, The President of the institution thought that the worst was over, an opinion which he bolieved, judging by thoir conduct, his customers shared in. Everywhere tho roporter went he found faces with " only a fajat sladow of laat weok's cloud lingering upon thom. Whether it was that the bonk oficers had in the calm of o Babbath day spont thbir time In pious orisons for the welfara of their respectivo institutions or nat, the ro- sult of the day of rest was everywhoro pleasantly apparent. With one accord the baukers roport- csnhuuur fooling, botter prospocts from all points, more hopeful customors, the beginning of o roturn of ourroncy, and the ground to lhopo that tho fide has turned, that ?lm hoardors ore boginning to rolent, that tha Lollipops are beginning to turn ineido out the matiress whero their currency is secroted, and roturn their money to its proper sphere, the ciroulating system of the Union. And yot, with all their hopes, thoy sean the com- mnminl horizon keenly and unceasingly for tha trouble-bearing, fast-spreading hittle cloud, which they hope will not again arise, at any rate not until time has been given them to rocovor fully from recent missdvontures. TUE FIDELITY presented nothing new, Prosidont Haines con- cluded, from the way thiugs looked, that thoy wero monding fast. THE MATINE was open, and Mr. Seammon was inthe counting- room. e hud nothing to say but that ho stuch to tho opinlous expressed last wook, and belioved that time would prove ho was correct. 1o had not bad time to rond President Grant's lotter, aud resorved his opinion on it. THE HIBEUNIAN . presented no new featnres, Businoss wus going ahead in o quiot way, and tho ofticors were in {ine spirits, THERE WAS NOTHING NEW in the Hide & Lenther, the Germania, or sl Proston & Kean's. Business was smooth and ensy, ourroucy was flowing in, sud thero wasa fair business & oing. TIHE OHICAQO BAVINGS wae as calm a8 & sumnior ses, ikl but fow per- wons wore around tho promises, The officicls wore gratified at tho favorable turnin eveuls. A FAILUIE AT EVANSTON, Evarston, Sept. 20.—~The banking-houso of Merril Ladd' & Co, hus susponded, and will go into liquidation if i.s oreditors will permit it to do 8o, This houso I8 undoubtudly inmolvent ; ity susponsion caunot hayo beon caused by tho panio, a8 thoro was norun on the bank, Onnt- urday, a4 o spocinl favor to o dopositor, the bank paid $10 on a §20 oheok, Ono studont doposited, 8 fow days go, §400 in this bank, Itis doubt~ [Qontinued on the Biahth Paaed