Chicago Daily Tribune Newspaper, October 1, 1873, Page 1

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

VOLUME 27. FIDELITY SAFE DEPOSITORY, T EL R £ A IE DEPOSIT VAULTS, 143, 145 & 147 Randolph-st. Tor absoluto security, place your Money, Bonds, Valuable Papors, and other valuables an the VAULTS of the FIDELITY SAVINGS BANK Safe De?f;ository. Tho Safe Deposit Voults of this Inatitution nre the strongost in the world, being built ot Hoeavy Masonry, and lined with Hardened Bteel Plotes and Burglar Metal of immenso thicknoss, a singlo door woighing four tons. hiese VAULTE withstood successfully the groat OHICAGO FIRE, and are guarded by armed mon day and night. JOHN O. HAINES, President. GENERAL NOTICES. NOTICHE TO ALL DEALERS LIVE STOCK! THE ST. LOUIS National Stock Yard, Eeoated 2% Eaat 8 ine Louls, ars now prepared to receive all da of Live and oare tor 1t . The Forrinc by the bissoues Easic,: Atiestts & Paciio: ity & Northorn Rallway, aré o ¥ Biatogp uns e pow plopared fo recuivastock Joc e until tho 2d day of Octubor noxt. 1 18 now roady to roceivo gaosts, with first-olass Bcgomm tlons, - Weaska liberal share of patronage, A, M. ALLERTON, Pres’t. R. M. MOORE, i Apalstant Troasurer and Becrotary. NOTICE. The opening of the ST, LOUIS NATION- AL 8TOCE YARDS, advortised for the 3d of October, is unavoiaably postponed, Due notice will be given in a future adver- tisement. " Hotol is now ready to racelve guosts. The Yards continue to receive all kinds of atock, - B. M. MOORE, A.M. ALLERTON, Asa't Trens. & Soo'y. Prostdent. Union National Bank. 2 Criicaco, Sopt. 80, 1678, IN LIQUIDATION.—Notice is herob; &on that the Unlon # Honal Bank of Chicago has, b’"nn afirmative vole of its sharoholders, owniog moro than two-thirds of atook, been placed in liquidation, undor the provisions of Boction 43 of the Natiooal Curroney Act. Thoe holdors Tor papmont the nots eck StkoriaImRou0ed to pretont ai6s and othier Spalnat tho Asso it &R AFES Caior: JUST R:EICEIVED VAN SOHAACK, STEVENSON & REID, Anothor largo invalce of Porry's justly.colebrated Moth 2nd Frockle Loti Thcwr:md‘: Lal r;s(‘:fi%.()umuflonu and Pimple Romedy, NOTICE. Our late traveling sal , Tobgor conneatad with aur honge, . Woodman, ia no JOUN M. SHARPLESS & CO., Fhiladolphia, NOTICE. A meoting of citizens who are zoi%to Join the People’s Party will be held on Wednea- day evoning, at 8 o’clook, at GAVONY'S, 111 and 113" Archer-av, NOTICE. ‘The Loan Office of A, GOLDSM!; bocloasd. from b b e Tasedn B ot maig 1 , will Wodnesday, Oot. 1, whon buslness will P, m. 0 resumed as BUCKSKIN UNDERWEAR. THE GREAT PRESERVER OF HEALTH. PRRFORATED Bl 8] UN- DERGARMENTS, ua, Hv%{!dlls;!:ny ever offored to tho publls, lording the most thorough protection sgainst eolds, BORE m’ng‘n. LUNG DISEA! s BEB, and varions + caused by -oala, merit tho attontion of ovesy onn desirin, Hoaith and real comfort. -~ o ELMER BALL & HOYT, 30 & 32 West Washington-st., CHICAGO, VELVET RIBBONS. Black Velvet Ribhons Fagle A, S, Brand, PASSAVANT & CO., SOLE AGENTS, 222 & 224 Church-at., N. Y. LAKE NAVIGATION. . GOODRICH'S STEAMERS For Raotns, Milwaukes, Shoboygan, oto., dally, Bundars O xgapiod, 9 a: m. - aturdsy Ixcursion Bost for A ‘waukee, oto., don't loave until ¥ p, m. For_Grand_ Havon, Grand Raplds, Mosk P i T U AT it Copied, 1ps Fae ¥or 8t J arday on, Bpring undays ax- b, daily, Band ted, 108, m, Bat- Doat donlt loave ot 11 p e o For Gzoen ay Porta, Mondar, Wodueadey, aud Friday, > i 't goes t 7 p. . ! ! Z.v“l:m Monday's snd Weduesd: boat FRACTIONAL CURRENCY, $5 Packages oF FRACTIONAL CURRENCY FOR BALE AT TRIBUNE OFFICE. GIFT CONOERTS, THE BHORTEST ROUTE T0 FORTUNE. $100,000 for only $2.50, THE LARGEST RETURN ¥OR THE SMALLEST INVESTMENT. A GRAND GIFT_CONCERT WILL BF IELD AT LEAVENWORTH, KANSAS, Docembox 8lst, 1873, FOR THE BENEFIT OF A JUVENILE REFORM 8CHOOL. 40,000 Gifts, 8450,000 in Prizes, Principal Prizc,8100,000 gopatsting of the suporb, palatlsl restdonce of Biuon {boles, Kaq., uosurpasscd ar a privato dwalling in tho nitod Stats}, Lolng only a fow blocks from tho Court- Howe, nurrounded by magmiilgant raunds, orchnrds, gardons, and vineyards. Tho building has been only recently complotod with all modosu improvomonts, PRIZE LIST. state, - slgi};bfig 2000 13 40:000 Prizes = o = - 8460,000 iTho tito to tho above rmalestato is smcantaod paffoct, rench of Sl s oatest- opporuaily oves ofored 1 tho of all—tho o ‘oxarof Dooe Taan 10 riag tomeatib, Lo o o PRICE OF TICKETS, lo Tiokets, $2.50; Wloven Tickots, .00 ; Fifty-six Tiokots, $136.00; Ono Hundred and Fiftoen Tickets, $250.00. Tho drawing willbe mado andor tondonco of 2 Comimitios appolnisd by ko Alilorl eleinte th 1k Siato, duly ywortlo s fihfal pofformancoof ha du- od them. : Thio highest offioiale bot t7, Dounty. and Btat havo BOL oLy (AGorSR e, Abotse. bt SIS Sohemney et e el ol o i the drawin, alube and send fo thelr orders. o~ onoo fona (o AGENT! ! EPEE T GAD a1 Sy gt o EP~Monoy ah D P.0, OFdoer o7 Bxoroes with the 131 Sasms o the.pasobsect in plaln writing, rticulam, annd for clron- 'or farther Istormation and 1aca o the Mauager and Proprictor, and ‘address SIMON ABELES, Leavenvorth, Kan, Partios doairing Agouctes in Chloago can addross, for threo d; b L CHARLES 8TOCKTON, Caro Carrier No. 13, Chicago. Grandest Scheme Ever Known, Fourth Grand Gt Concgrt FOR THE BENEFIT OF THE PUBLIC LIBRARY OF KENTUCKY. 12,000 Cash - Gifts, $1,500,000. $S255,000 for $5O0. The Fouth Grand Gify Goncort antharlzod by spcelal act of tho Loglilaturo for the bonafit of tho Publio Libra- pot] ’rfifi';“';iy” will take placo {n Fablic Library Hall, at ‘Wednesday, December 3, 1873, nly sixty thousand tickots will bo sold. The tickots are divided into ton coupons or parta. At this Concert, whioh will be the grandest musical dis. iy evor witnossod in this country, the unprecedented ~"$1,500,000, Divided tnto 12,000 cash glits, will bo distributed by I among tho tlokot-hotdors: T adbrdet LIST OF GIFTS. ONE GRAND CASIT GIFT. 8250,000 ONE GHAND CASH GIFT. L 100,000 ONE GRAND CASH GIFT, 50,000 ONE GIRAND CASH GIFT.. - 20,000 ONE GIRAND OASH GIF 17,500 10 Cnsh Gifts, 810,000 each.... 100,000 30 Cuab Gifts, 5.000 cach.... 150,000 50 Cash Gifts, 1,000 ench.... 50,000 80 Cash Gifts, 500 cach.... 40,000 100 Cash Gifts, 400 each 160 Cash Glfis, 300 ench. 250 Coal Gifes, 200 ench. 325 Cash Gifts, 11,000 Cash Gifts, Total, 12,000 Gifts, ALL UASH, amounting to... 81,500,000 Tho distribution will be positive, whethor all tho tickots e sold or nat, and o u:g gm ..,Té'. tho 13,000 giits all paid in proportion PRICE OF TICKETS. Wholo Tick 3 125.:00; eau{tnnn.u oo Aot e e kora gf"é%.flf:‘fw:fi Tiekots for 100.00; 113 Whole Tickets for §5, 000,00 2 No d| Iscount on Joss than time, , aud all ardors accompanied . Liboral terms given to THOS, E. BRAMLETTE, Agent Publ, Libr. Ky. and Maongor Gift Ci B ‘babie Labrary Dudiag; Sovisamo K. Or T IIAYS, 609 Broadway, New York, _HOTEL, IRVING HOUSE, 148 & 160 Wabash-av,, Chicago. FirstClass Accommodations for 160 Guosts. Terms, $2.00 per Day, D.{"flf'id Qu: 1‘5;‘%-(?%\1 1’:& l:lr:’lnn , nosr Nlinols Contral, ItT, Proprietor. 12, L, CATLITA N, N, , formi il ST, g‘lle_:‘.z formerly of tho Old City Hotol THE GARDNER m; m; and Ilulémrplnod I foeation, oot view o ‘artios visiting Ohicago, oithor for businoss ar pleasuro, will g at tho' Uardnoy. acontamedati 3 Tnsurpaaiod by any Bote! on e Averions Ooatiocr W’l.'fl: mci:‘l*‘.h Industrial Exposition Bulldings are op- FRED H. GOULD, Propriector. WINTHIX RESOET, ROYAL VICTORIA HOTEL. Nassan, N, P., Bahamas, opons for the winter season Nov. 1, For{ull information, d?,mn.'. LIDGERWOQO! Agent, 678 Broadway, N. Y.' T, J. PORTER, pg'.unumr: PAPER HANGINGS, PAPER HANGINGS At Tactory Prices. J. J. M'GRATH, 174 & 1176 State-st. WANTED, ot ANTED-AGENTS--FROM 875 108250 per month, averywlioro, to sell oo of the most usoful articlos avor Inveniud| nosded o evary famifly, Soud for Olrou | lr, Addests o0mn & 0., 167 Btatoat., Cutoaao, T, 9 A7 AINTIED. - ] . baviog the fallest confidonoo In the oot Tanks Gf Ohioago 16 rovimo. busk. . will reosivo olisoks Bl drattacn o MEETINGS. PUSHERRSIIIS.o+~=wsvs e Attention, Sir ¥Xnights, Stated conolavs ot Bt. Bernard Commandory, No, 33, s s e, &0 T oroloces 1 ore Tocopll, (Wodnsnded) o el dfoN, Hcorder, The Chicage Dailp CHICAGO, WEDNESDAY OCTOBER 1, 1873. JEWELRY., EXPOSITION! ‘We have just opened new styles in Gold, Coral and Amethyst Sets, Rings, and Buttons, at unusually low prices. N, HATSON & (0, STATE & NMONROE-STS, fi_n,mnmur. THE TURF, THE RACES. S. SECOND DAY. Wednesday, October 1. DEXTER PARK - FALL MEETING. FIRST RAOE—Purso No. 3—$1,000-T'or horaes that have never beaten 2:36. &, Pricaisr, g. Frank Palmor. Grayes & Loomis' J» C. Bimpegn' onroo's W2 1t Armatron BECOND RACE—Purse No, 4—$2,000—For ‘horses that have Fx;uvor beaten 2:24. W. R, e b, g. Frod He . T’ B Hores J, J. A, Baohol . g John il T, ‘Armatrong's oh n. Blolllo Mforels, . GRAND CONCERT (Great Westorn Light Guard Band. Full Programma of Olasaic and Popular Seloctions, The Mich, Bonth. and P, & Ft. W. Railroads will run trains diroot to tito Track every hour. Lome cars on Biatost, ovory fivo minutcs, Horsos oallod promptly at 2 o'olock. § ADMISSION, ONE DOLLAR, Scason Tickets, inoinding admittanco, quartor-strotoh, Grand Stand, for tho Mooting, #6.00. GRAND OPENING FALL STYLES MILLINERY ! ‘We shall exhibit, on THURS- DAY, FRIDAY, and SATUR- DAY, Oct. 2, 8, and 4, the larg- :st variety of Imported Pat- erns Hats and Bonnets, For Ladies and Children, ever seen west of New York. D. WEBSTER & 00, 270 & 272 Wabash-av. FINANCIAL. PRESTON KEAN&CO, BANKERS, 157 & 159 LaSalle-st,, and Corner Randolph and Malsted-sts., Traneact o regular Commerofal Banking business in all its branches. THE UNIONTRUST 0. BANK N. E, Corner Olark and Madison-sts, CcIICAGO, ‘Will continue to do business the same as usual. Deposits Received and Ohocks Paid in full, Good Accounts solicited and Liberal Ad- vances made, 8. W. RAWSON, Pros't, B, F. PULSIFER, Vice Pros’t. W. B. HOSWHLL, Oashior. NOTICE. All persons helding checks drawn by us on tho Union National iauk of ths clty will plossa prosout thom a aur ottico and got (M0 GUITOROy, oo o BN, AN A Commission Borchants, 108 and 110 South Wator-st, NOTTICE: TO THE ASSOCIATED BANKS, The Natlonal Bauk of Commorco will, on and atter to- day, Oct. 1, wako thoir clearings, as usual, through the Cluaring Houso. D, R. HALE, Manager. A, O. SLAUGETER, Corner Clark and Madison-ata. 1 w propared to roceive ordem, for cash, in our- roioy, for Do purchaso of Bonds, Sidcks, and Iavost- ‘mout Beauritios,” No orders racolved oxcopt for eash in hand, for the prosent. HOSIERY AND EMBROIDERIES, BURKITT, SUTTON & STANLEY, WIHOLESALE--117 South Franklin-st, RETAML---68 South State-st. ‘Will show a very full and LAST APPEARANCE! IN CEICAGO. GOLDSMITH MAID! TUESDAY, 00T, 3, DEXTER PARK. REAL ESTATE. 45 NORTH SIDR BUSINESS: AND RESIDENCE LOTS Fronting on Clybourn, Hawthorn, and Racine-avs,, Sophia, Lewis, and Herndon-sts,, ABOUT EIGHT BLOOKS WEST OF LINOOLN PARK, AT AUCTION, BY WM, A, BUTTERS & C0,, ONSATURDAY, OCT. 4, 1873, AT 1)§ 0'OLOOK P, M., ON THIE GROUND. \ These lots are desirably'looated in the fino nursery grove, only two miles from the busi« noss centro, and close to.tho Chicago sud Olybourn-ay, horse-cars;, The ground is bigh and dry, soil rich, good sidewalks, water, ete. Lotas 26 foet front by 126 and 136 foet deep to wide alleys, THE TITLE is porfoct.; An abstract will be furnished to each purchasor. TEHRMS : Only $20 oash on day of sale, $160 in 80 days, balance vory ensy. A. groat portion of it can romain an long time, at only © per cent interest. 4 Here is a splendid opportunity to secure a safo investmont at yourlown price, as the sale is positively withoug reserve. - Information will begiven by the pro- priotor, at 183 Michigan-at., between 10 and 13 o"clock, or by ‘WM. A. BUTTERS & 0O,, Roal Ratato Autionsers, 144 and 14§ Doarhornaat. WATCHES. TIFEANY & (0, Union-square, New York, 10 Grand Quai, Goneva, In addition to their usual stook of SUPERIOR STEM- 'WINDERS, offor full assortmont of COMPLICATED WATCHES, - COMPRISING CHRONOGRAPHS, MARKING FIFTH SECONDB CHIRONOGRAPHS, WITHSPLIT SECONDS. CHRONOGRAPHS, WITH S8PLIT AND INDE. PENDENT FIFTH SECONDS. REPEATERS, STRIKING HOURS AND QUAR- TERS, MREPEATERS, BTRIKING HOURS AND FIVE MINUTES, nEg‘;’.‘E:;TERS, BTRIKING HOURS AND MIN- SELF—A’UTING REPEATERS, STRIKING TIOURS AND QUARTERS, CALENDAR WATCHES, S8IOWING DAY Or WEEK AND MONTH, AND OHANGES OF THE MOON. REMOVALS. Removal, GEQ, F, ROOT & SONS dealers in SHEET MUSIC and NUSICAL MER- CIANDISE, iave remov- ed to their New Store, No. 109 STATE-ST., Betweon Washington and Madison, BUSINESS GARDS. KLEEMAN & DIDIER’S RESTAURANT, Corner Madison and State-sts,, ‘WAS REOPENED YESTERDAY To their numerous Guests and Patrons. J. M. W.: JONES, ‘Whiolosalo, Rotail, and Maputacturing STATIONER, 104 & 106 Madison-st. My facilities for tho manufacture of Hlsnk looks and exeanting Rafiroud aud Gummorclal Printing aro wnwur- anscd, Oash country biyors will tlnd 1t to tholr Intorost all oy ino bufors Durohsitig. for complete stock of Ladies’ and Children’s Hosiery and Hand- Mittens; Embroideries, Nubias, Shirts, and Drawers; Men’s & FOR SALE. AN R = o 'g(l ; Kits Iixtea Fumily Mackorol, 82’8 uart Bardigos. oy, . AL DLX WA i Saer. My goids ure fur salo on iy, as usual, M. D, . . I y COLVER, PAGE, HOYNE & C0, 118 & 12(}_1_|Ionmu-st. The Aworioan Base Burnor, the ** Kin ,nl Nyn salont lllflb‘hlu'-n.. WHEELER' XKnit Hoods, Scarfs, Gloves,and Ladies’ Cardigan Jackets. JUST REOEIVED AND FOR BALE LOW: wrwg} é.é eita Jexles Broms Snckerol, tals (lnorsrl‘;( Codflsl . B, am not in the combination to soli only for oa AT WHOLRSALE AND RETAIL. woruor of Congl Union Litho. Co. Eugraviug and Lithographiug, 1.9, 6, 7and 9 Miohi- gan-av, Bklllod Workinsusbip—-Quick Thue, ¥ THIRTEENTH DAY, The Financial Situa- tion Brought Up to Date. Arrival of $3,000,000 More of Currency 4Yesterday. The Union National’s Failure, and How It Was Received. A Majority of People Say They Expected the Collapse. Interviews with a Num- ber of Prominent Business Men. How the Panic Has Affected the Grocery, Iron, and Dry-Goods Trades. Interesiing Information Concerning the Collection of National and City Revenues, What the Railroads Are Doing with Their Freight Receipts. Reopening of the New York Stock Exchange---Very Little Business Done. Settlements Among Brokers Said to Be Progressing Favorably. Interest on Bank-Circulation Bonds in the Treasury to Be Anticipated, Secretary Richardson- Declines to Pur- chase Foreign Exchange or Redeem Unmatured Bonds. The Situation Throughout the ‘West Still Encouraging. CHICAGO. AMONG THE BANES. When Tug Tmbuse roportor, who has since the beginning of the panicky timea mado his meandorings among the offices of bank Presidents and Cashlors, sturted yestordsy morning on his tour of inveatigation, ho felt that ho had & problem to solve, upon tho solu- tion of which dopended much of tho tmmediate com- fort and happinoes of Chicago. After o fow dayn of cloudy, but not atormy, weather, threatoning appear- ances had ngain sprung forth, and tho Auancial atmos- phore had boen MUFFLED BY AN EVENT which it was quite posaible might causs & relapse of the panto, Tho going into liquidation of the Unfon Natlonal Bank, after sories of undecided maneuvros wa an ovant that, 1t might reasonably bo snticipated" would causo {iroublo, Qurfous to find out tho facts of the case, bo thoy favorable or une favorable, the reporter interviewod » number of bank gontlemen upon tho subject of tho prosent aspect of offalrs, and clicited from each sn opinion upon the subject which hie deemed tho most momen- tous on the oceasion. With o unsnimity that wus al- ‘most astonishing, tho bankers expreased tho opinion that tho condition of nffalrs hud beon so materlally ameliorated within the past fow days that, although TUE ACTION OF TIIE UNION DANK was of such a nature that it could hardly take placo without causiug some sensation, yot {t could do no practical barm in the city. In thelr opinion, the country bsuka wore feoling somewhat oxcited about it, but even they would not be materially inconven- fonced, il tho ovor-anxious rustio Prosidents and Cashiera sont in tolegram after telegram to thelr bank- ing friands here to know f * Coolbaugh's bank had really closed.” The closing of this institution was fully oxpected by most of Mr, Coolbaugh's follow- Lonkers, and its sudden withdrawal from the family clrclo of bankers will uot ba foltaftar a fow days, Weil ploased with TuE, CONPIDENT TONR with which tho baukers oxpressed thomaclves able to go on, tn tho absonce of what ono banker styled n weak slstor, tho roporter was froquently obligod to chango tho subjoct from sheer madesty, his natural delicacy of foollng making him uncomfortable under tho londs of prafeo which Tue Tninunx rocolved, not maorely for ita publication of tho lutest intolligence, gathorod whon tho Z¥mes sud Jutar-Ocean men wero sleopdng, but alao for the manner {n whih it was pub- lishod, ¢ Great heavens!” cried ono bank Cashior, #i¢ the Timea hind learncd of this, tho panio would liavo broken out sgain worss than over. A bank Presidont sold that tho Z¥mes nover bofore showod {taolf w0 clover 88 in ta fgnorance yosterday of tho only ovent in tho financial world partioularly worlhy of mentlon, Anothor bank Presidont eald: “Sir, your roport of tho Unfon Bsuk's golng Into Hquidation showed outorprise, Tho head-liues and tho srticle's ‘gonoral tono showed a tact and appreciation of the po- eition of things, aud tho beat romedy, that Las made a doep finpreaslon upon us boukers, W will not fargot how Titz TRIDUNE holpod us {n tho pauto of 1874 Buch ora & fow of tho spontaneous avowals of appro- clation of T Tnuwonw's suceesiful atiompts to aupply tho publio with unsousations fucts regarding thio leaalng toplo of tho day. THE OLNEBAT, PEELING AMONG BANKERE was confidont, and with a tendency towards Increasing oquidenco i & not far-off end of tho troublo, The President of tho Nutlonal Bauk of Iiliuols, in respouss to tho reportor's quory, said : I think thinge are ull. Yibune, NUMBER 41.. right, The amount of our doposits 18 incressing ovory day, Tho cloaing of tho Unfon National does not affect financlal circles, Tho poseiblo fil-effect of the panio will bo, I think, confined ta tho businoss community, and they will, unless further (sastor occurs, bo found ablo to weathor tho atorm. Among the weakior Louscs somo troublo moy onsito, but the Digher oloss of morchants will not bo affected.” At thio Commercial Notionat Bank, the President doclarcd 4 All quiot," " Deposite, ho eald, wore coming in moro and moro every day, 1T, too, thought that commers clul houscs of good rank would staud tho slorm, avon 1t 1t continued somo little tima longer, which ho did ot anticipato, till, MUTUAL FORDEATANGE woa alill raquistto on all sides, ‘Cho Dresident of tho Qook County Natonal Bank roported thinga as tranqudl, and tho worst as passed, Ho_consldored tlio reopons ing of tho Stook Exchange snd tho docidod advance in prico of bondn a sign of Indubitable improvomont, At tho Third National Davlk thie Cashier unnounced that tho banlc would not, opon_to-day, and waa roticent :l%% tho ject of when the opening would tuke THE ATALWART OXRMAN DAM . Greenobatun, fs siill pasiug out oad taking in moncy as usuxl, s though Webster' Dictionary con- tafued no such’ word as yanie, run, lock-up, or any of tho other words which como o hindy to tongus o pen when U?hl timos rule, 1o thonght that the worst was decldedly over. Tho rotfring from the finaneial world of tho Unlon Nationsl Dank, Mr, Greenobaum did not look upen aa an event, greatly offcting tho onition of the city banks, altbough tho many country ks which did business with . ‘TIIE. 0OOLBAUGH INSTITUTION would undoubtedly bo incommoded for o time. At Preston, Kean & Oo.'s bank, matters woro golog on smoothfy, and they report s’ gain, both In ourrency and accoints, To toll overything that tho roporter lieard at each of tho banks ic viaited would be to mako a rathor monotonous ropotition of cxprossions of in tonso satlsfaction at tho prosent aspoct of affairs, and a general fecling of confidence that fn a fow days funnclal affaira will have resumed thelr old groove, and bo running on a8 smoothly 8 ever FIRST NATIONAL, Horo businoes was, moro thau promisingly bright, and tho day was choracterized by a constant and regue Inr. finoncial traffic only indicativo of assuranco o tho stability of tho bank, ~Mr. Gago showed tho roportor o number of letters from country banl each and sll_oxpressing confidenco in tho Firal Nutionul, congratulnting1t o the bold and successful stand ity in common with the great majority of the Ohicago banls, had taken, and giving assursiicoof th heartlest 8UPPOTt. A number of mew accounts were opencd during the day, but the businees transactions were not 80 hrgu a8 on Monday. The omount of deposits was coneiderably above the sum of payments, and the bul- anco in tho vaulta was most creditablo, Tho gaius fo currency over the counter and tho receipts from tho East Lavo placed this bank, In tho opinion of ita ofle cere, boyond tho posslbULy of fear in any appreheaded contingoncy, Of tho BECOND NATIONAL thers 1s nothing now to sy, The officers of tho bank aro continuing settloments, nnd s rapidly ne possible adjusting ncoounts by voluntary lquidation, TOY. FOURTH NATIONAL . goin roportod nothing now in the local’ situation, were recelving doposits and payiug out all domnnds, but business was light. Now accounts were belng opened, aud, in & small way, accommodations wero bo ing oxtended on gilt~cdged paper, AT THE FIFTO NATIONAL business waa light, but most satisfactory. The Cashior roported tranaactions limited, but steady increase of tho volume of currency in (he vaults, Ilero, ns clso- whiore, th answer ta tho inquiry ns to the effoct of the re-8uspension of the Union Natlonal was, that, while it Liad cast a genoral cloud over all transactions, thero was nothing indicativa of tq dircct fnfluonco on this inatitution, The fuiluro of tho Unfon National had dampened comfldencs, snd was asa wot blaukot thrown ¢n kindling res, proventing Lho blaze, but ot quench- ing tho coals, Here tho doposita wero in oxcess of tho payments, and » number of now sccounts had boon oponed duiring tho day. THE COMMERGIAL NATIONAL £olks wero busy during tho entiro day, and reported & vory generally Testorod feeling of rel{ef and coufidenca. Tflfl“ljh business waa not 8o rushing na on Monday, it was of a steadicr character, and transactions Letokened more solidity, Tho accumulation of curreucy by de- posits was steadily incrensing, and in a considerable ‘meanuro tho ordinary oxchango and discount business of tho bank had boen rosumed. Affairs ot tho THIRD NATIONAL romsin in statis quo. Iis Businoss is being adjusted with the view of i speedy rosumption, but no bazard- ous risks will be courted by the oxperionced financiers whio havo learnod tho losaon of past and presont dini- cultes, Tho officors and all the meny friends of this ‘ank anticipoto its full reaumption of busiuesa by tho gloso of tho presont ook, L tho meantimo i collee- tions aro belng mode by tha Comuweicial National Thoro was somo exeitoment about TUE UNION NATIONAL yesterdsy morning consequent upon the snnounco- iment of it ro-suspension In Tix TRINUNE, but, con- trury toon nplrrfl.\onulun generally felt, it resulted in no intoward demonstration, and was more marked in quiot than in_oven threatonod turbulenco, Tho rce porter yestordsy sgein interviowed Vice-Proaideut Wheeler, but that gentloman bnd 1ittlo to say beyond tho statomont that the report In yesterday's Tnisung of the previous night's interviow was g0 correct and full a8 {o leave no rovm for further explanation, The ontplosea of the bank wero vory busy yeaterday i tho adjustment of accounts, and the preliminary work for voluntary liquidation was beiug pusbed with energy, THE DANIC OF OOMMENCE, The following notice 10s beon iasued by tho Nations Bauk of Commerce to ita confrores : NOTIOE To THE ABSOCIATE BANKERS—The National Bauk of Commorgo will on and after to-day, Oct. 1, makeits cloarings 28 usual through the Clearing~ ouno. 3 D, B, {iart, Munager, Ouo of Tutx TRIbUNE reportors yesterday hud o brief interviow with They MR, ALFRED SPINE, X Government Bank Examiuer, who' cxpressed himself terscly and pleasantly, o regarded the finuncial sit~ uation as very much improved siuco Saturday, und tho feoling even bettor than on Monday. Tho restoration of quict was only indicative of sorious 'thought on tho general public, and betokoued s subsldento of punicky focling, Tho reault of Lin conforences wil the bankers and business men was tho belief thut thoy all regarded tho greatcst dauger s passed, and were hopeful and sanguine of an immediate rcturn of moro prosperous times, Ono of tho lessous of tho day had boon wkholcsomoly digested, and business men sud the goneral populace yoro rosle izing that any rush on the banks would hazard thelr own sccurity, and only tend to n continued demoralizi- ton of business, Tho reault was thiat tho peaple were quict, and overything screne, *Ho felt 5o well satisficd now, sud 80 relioved after the anxicty and strain of tho past fow duys, that he was about to indulgoina little rocreation by a visit to Doxter Park, THE OLEARING-HOUSE ASS0CIATION 18 congidercd by many of tho bauks ns practically st incumbrance, and standing more in the way of prompt business than as sn aid. The result of the present pussing complications will undoubtedly b tho organi- zatlon of s now and slmilar body ol o botter Uasis, and tho subjeet will bo ouc of fruftful dlscusaion in few days, i gl T THE BUSINESS MEN, TIE OTINION OF OUR PNOMINENT BUSINESS MEN on tho gencral fnancial situation,as well as thelr opiuions a8 to how their different linca of trade are affected by the disturbance in the Sinancial world, is interestivg at tho prescal juncturo, Bubjoined are viows of mon emineut in tho grocery, iron, and dry goods trades : THE GROCERY TRADE. Mr, Franklin MacVeagh, of the great grocery firm of MaoVeagh & Oo,, said there was no effect on the trade excopt a tightening of funds, Not an item in tho trade was affccted a penny, Thero were no losacs on sccount of shrinkage, nor wers thero likely to bo any, Thore was no weakness among country debtors of firms here, oxcept the difMculty of getting money, Thoy continucd to recelve remittances, but perhapa not ns many 88 ususl, Thoy were beginning to como in currency, Roceived a much larger amount than usual {n curroncy during tho last few days, The ‘banks that had suspended wore gonmorally kmown throughout the country, and chocks were ot being drawn on them. Hebelfeved there was mowsy to break down the morcantile community of Ohlcago; the mqst tho panic conld do was to make remittances {rregular, Lho merchantsof tho West were sound and proaperous, and planted on a firm basls, e did not foreseo or anticipate any necessity for marking down goods, Trade would Umit ftself, The country could not buy when it could not pay, Houses in tho trade wore not depending on Tastern capltal, and wero not, 28 & general thing, borrowors {n Now York, Mar- chonta bad not felt tho panic much as yot, If things lot up a Uitle thoy would do thelr full foll trade, which nover promised better. 1le was mighty gind Obicago banks did not adopt the loan-cortificato syatem like Now York, There were plenty of Lanks hore which would never suspend, but would keep on doing that legitimate business, Huch banks hac nothiug (@ got bick to, 84 thoy ero all right, but thoso whio did not oporae on & logitimaio basis would have to get backto it, Mesia, IOPER & TOWLE, successors_to Doane & Co,, another big grocory firm, complained that Temitlances Wera not. 18 nuMmcrous a5 Horolofore, Tlio trado would probubly bo miors con- sorvativo about filling orders, Thelr ailvices from tho country wero oheorful, Thelr traveling agonts ro- ported tho country 1n fillo conditioa, full of wealth aud ‘with a bright prospect bofore it, "MR, WARNER, of Bprague, Warner & Go., snid fhoy hiad not felt the ulo yet ; 1t was 80 recont that the {rudo had not tino o feo” ' Should it continua the frade would feol it lko all other business, Up to that morniug remit~ tances lnd Loon s ustial, but thoro was begiuuing to Do docided fulling off, ' Country bsnks having pur- thally susponded, Word nut fssuing cliocks for any Jargo amounts, 'Bofore the panfo was ptartod thoy were dolug the best trude they bad dono since the War, Thore Was an unusual numbor of buyore in tho city, purchusing now stocks, Col- Jechious Lud beeh * unusually good bofore the scare sot fn, Lut now t was dificult to muke colloctlohis, Thoy wero recclving mostly cus- setiey und Now York oxchange, 1t would twko some Littlo timo to restore confldencs, but thero must boa restoratlon soon, sud thon would follow u bealthy trado, ‘Tha resita would not bo undesirabls, Credits, whicli wora gottiug too lotig, would bo shortenied, ove {rading would cousy, aB ora of ccunowy would begit, and gonorsl prospority wonld naturally follow. Had thio prodiicts of tho prafries beon markoted befora six months, tho West would hinvo becomo absolutely rich. Hla frm wore not urging goods, bub were sendlu goods as usual to good oustomors, Thoy Lad nol cliangad fhoir potley, and would eontino 10 sol goods tight along, Thoro wna vory littlo dopreclation in valucs, and no marking down of prices, X N, FARRINGTON, of Farringlon & Schmial, auother promtncnt house, sald thele hest cintomera wore Luying Jghtly, Thay hind recoived moro or loss cliocks on _auspendod ‘banks, which of course had to go back, The country was well inclined to pay, and_mnny had expresscd a willingmess to anticipato their bills, Thoy reccived about ono-half checka and one-hnlf currondy, the lat- ter by oxpress, Thoro bad been no depreciation in valites In their trados and yiere wan nol ilkely to bo, Trado befora tho panlo disturbod it wan better than 1 1iud beon fof five yonrs, and thoy Lind donea heavy bustnoss in July and Auyust, Thore was no dunger of n morcantilo crash, Tho country waa full of gratn, and monoy woukl come to purchiase what the world noedod. ‘Lo grocors woro nover better Axed. THE 1O TRADE, The opinions of several large dealera in iron wero sought and obtained, The firat person scen was Mr, Hale, of tho firm of ifnlo, Ayer & Co., who wald ihat tho panio would nffcct evory kind of Busincss moro or ‘ocery - lees, but ho did not anticipate any commercial disas- ter,” 1o could not suy how tho couniry fron trada wollld como out, as hfa firm dealt montly In vory heavy goods, and with rafiroads ; however, if tho roporicr would go and soo r, Hibbard, of the frm yf Spencer & Hibbard, lio could find out overything ; thoro was NO BETTER MAN TI[AN MR, HIDDARD, BMr, Hibbard was then in the store, and Mr, Hale took frouble to prosent the reporter to him, Ifo suld orders hd follen off more {bun one-hlf, and remit- tances 76 per cent, Among the lattor wero very littlo greenbacks, and many checks on tho Unfon Nationnl, ‘which wont o proteat, 1o thought tho fallure of the TUnfon_ National worss than £ all tho othor banks had Rono up, s8 it hod conncctions in all the Western Bintes, and when it went down minich confidenco went with if, Having been n liboral and popular bau, its misfortung was widely felt. Everybody naw was cramming bis pockota full of graenbacks, and lockin up the currency thot was 8o badly needed, Ho di not Jike tho lonn-cortificato system § calling paper money, did not mako it monoy. Ho' wont through stump-tall times, when they called G0 C(l(fl a dollar, but it wasn't o dollar for ali thal, Lvery Gun had to cut down on his inveslmients, and purchases woull bo 1imited liko the currency, Afen would not feol Uk buying what they had not monoy to pay for, There would bo no marking down prices in ho trado; goods wero low ouougf. mow, on account of aneasy and natural deciine that had been ot g o mmET. man Who had to realizo might be compelled to niark a noteh lowor, but._thero was no depreciation of values in tho trado, Men would stand still and wa \, and prudent mon would_not purchase goods. Wo Lid to hiolp and austain cacti othor. Al that was wantod was resolu- tlon of confldence, aud everytbing would be lovely onco mare, trado brlek, and monay plentiful, Mr, Holg, who was proaont, did 1ot agreo with Mr., Hibbard regarding the loan-certificates, which o thonght would havorerved the yurposeof bridgingover tho choeen. 1o thought Mr, Coolbatigh was right, and that Mcasrs, Smith aund Blair wero mistaken, und, any way, tho Iatter owed a duty to tho community fn which thoy.lived, R, KIMDART, of tho firm of Mull & Kimbark, tho prominent fron firm, waa found in his ofiico as’ sereno as a mill-pond in August, Ho stated that trado was virlually cut of, or rather curtalled, Oustomers wero not disposed ta buy, and merchiants waro not disposed to soll. _ They had' Ight romittances of chocks ond groon- backs, Tho latler wore coming to them by Expross, Somo of tho chiecks wero honored, and, of courwe, Bomo wero not. Thoy found customers very cautiots about, purchising, which was o good sigs, showing thoy did not want to order what thoy word ot ablo to pay for. Afl tho banka now apen would go through withont damngo. Thio West, with ita abun- dont crops, had the whip-hand of tho ivhole country, The action'of the Government, in announcing that i would stand by the people, should have the offoct ofy infusing confidonce into tho publio mind, Tifo closing of tho Unjon National was a mero Tocal ‘affair, and would not have much effect on the statoof tha country, Largo firms should reton thoir employcs 1f possiblo, and 1t would be found thats short timo would merid matiers, TILE DRY-GOODS THADE, Mr, Loftor, of the firm of Field & Lefter, stated that trado was quict, both wholeaslo and refail, though thero was o fair busincss doing, There was . Jlitle or .no differenco in the To- mittinces, Thoy eamo in varlous _ways, ‘There waa no depreclation fu values in their trado ‘They had not discharged any of their employes, and hod 1ot thought, of it, The fallure of he Union Nn- tional Bank hud 1o effoct on things, 88 1t was generally oxpected before it occurred. ML, JALE, of Homlin, Halo & Co,, regretied tho faflure of the Unlon Nutional, na it had a bad influence on the coun. try, ‘Thero bad been n considerablo falling off in thoir remittances, but there lind beon no depreclation in values, Merelinndise was firm u tho East. The mows from that part of tho compass in thelr trade was oxoallent, THE PARWELLA. Meaars, Johin V, and Cbarles B. Farwell wora found in thelr privato offices, and expressed thomselves will- ing to auswer interrogatorics. Mr. C, B, Farwell snid thut irade was reduced, and morchants were 1ot bny- ing as lurgoly us befofo; atll, thero was s moderaty amout of orders boing filled, | Thoir remittances bad ullen off more than ouc-hulf, In other times, they ‘would bavo roceived threo tines ~ tho amount they bad received that day, They took curtoncy, oxchango on New York, and chocks on the Union Natfonal. Kuowlng thie Unlon Natious was perfectly good, thdy sent a circular lotter on Baturday {0 thelr oustomers, statiug thoy would re- ceivo thocliecks of that bank, oiud they would continno to do so, Thero was no dopreciation fn values, Thoy hind not dlacharged any employes, nor did they thinic of discharging uny. Mr. O, D, Farwoll being called into anotlicr oftice, 3R, J, V, FARWELL continued the conversaflon, suying 1t was an error in the country bauks not fo have follow tho lead of thoss in Now York ond Bos- o0, It was simply ridiculous for smulier banks aut here o set up thelr wiedom against tie older and abler fiunnciers in tho East. Thero should be concerted action by 1ho peoplo and tho banks, but it tho peoplo ate detormined to hold out and geo’ which bank ehn pay and whieh can't, they will throw the wheels of commerce out of gear in every direction. Dy discrediting bank checka the peoplo wero diseradit- ing tho lighest standard of credit n tho country, Fictitioun atocks, bonds, etc., would shrink, and a geii- eral cleaning out of anch wotld LeneNt the'country, os tho firo dmproved Chicago, whilo it wiped out indi. viduals, Articlea roquirod 'for consumplion, things that arg eaten and worn, would not depreciato to an appreciable oxtent, Thé Lauks should bo sustained. 1t wag biord to make peoplo tnderstand that they would savo thamclves by saving tho banks, izl i THEE RAILROADS. A WALK AMONG TUE RAILROADS roveals tho fact that business has somewhat jmproved sinco Monday, Grain was bolng shipped aguin in larger quantities than during the lst four or five days, NI, 0, M, GRAY, General Frolght Agont. of the Lake Bhore & Michigan Southorn Rsilrond, bolng interviewed in regard to tho sltuntion, sald that everytbing was screneon fhci roud; thoy wero till dolnga vory heavy businces, Dolng aked whother they wero nccopting certified choclis on banka that havo not suspended, ho replicd that they did, but as a general wlo they woro demanding payment in currency, Tho Wero nob ablo to deposlt any money at present, using it for pay- ing freight ohargea to Western roads, employes, and other curront exponses, aa fast as they wero vecelve bl MR, NUGH RIDDLE, Vice-President and General Superiutendent of tho Chi- ©ago, Mock Island & Pacifio Rallroad, stated that there 1ins been no improvement fn thelr freight business, They were carrying neither stock nor grain, and but littlo merchandise, Thoy have been accopting cerlificd checke, and all tho spare money in thelr posscasion they wero depositing in the bank, as heretofore, T, B, DLACKSTONE, President of the Chicago, Alton & St, Louls Raflroad stated that thelr necessities required the use of all the currenoy they wera Hiely to recelvo for several days and they could not, therefore, accept any checka ot the banke, yet he hoped® that reduced demands or thotr treasury might enablo them to be more Uberal e » fowdays, Thoy did not demand currency for the purposo of locking 1t up. Business hus not been re- duced os largely a5 might have been expected, Thev were still troneporting grain to Chicago at tho rate of 100 cars per doy, Tl had full confidenco in fho sta- bility of our bauks and busiuess commublty, ‘ 3unoE vEOKWITH, Solicltor of tho Ohicago & Alton Ratlrond, ou being nsked how the fatlure of Mr. Coofuaugh affected the rallroads, roplied that 1t romindod ki of s ittle hoy who foll from tho beama {n & barn, On striking the floor, the littlo follow was nsked whether e wan hur!, s roply wos: Tt didn't domo any good.” So it was with Me, Coolbaugh's fullure; it aid uot doany good, MW, B, I, WADSWORTH, Gonersl Prejght-Agont of tho Chicago, Durlington & Quiney Ratlroad, sald frefght buelness lind considerre erably Iuproved for Dio last fow days, Orain hipmen's wero fucrouring, They wero dolig an fmmense lune bor busiucss, being Lelitnd 200 enrs in thelr opders, AL AMON P, Tronsuror of the Ohicaga, Iz roud, anlil thoy woro recolVing enrrane, L1, agtim & Quincy Rull- Tholt bank, the Unfon National, had closmt, and th d 1o place to doposit choxks, 'Pliay recolved hetyvoen $30,000 and as putding it (o $40,000 {n curroucy wvery day, and o ] cirdulation s fast a8 (¢ camo fn, o distributed” 20, 000 on_ Mondny betwoon Burlington nnil Ouali, ior Laék cliarges o grafu, Tho cuvroncy was ail stayity in tho West, Thoy wero paying thielr army of em~ ployon, und when blils ugatust the road woro provcutad ingis who had hands to pay OIF 1hoy gave thom cie- réuoy, Whon hoy could not get curroncy for grai n'&-lg)l.'ll thoy l\mk’uuh\ recalpty, and mliu‘vle\l Uy Trelglit at 1ho niArkat vhte whoro ft woa sold, Tary [E’unliu«vd on the Fitth Page]

Other pages from this issue: