Chicago Daily Tribune Newspaper, October 1, 1873, Page 5

THIRTEENTH DAY. [ Continued from th First Page.] e e ‘wore doing al ho I\N!)I.E il thoy could to uaeo tha market and move MR, A, MITCIELT, Burorintondant of tho Liifuols Contial Raflrond, ntated thak thora lad been o Improvament i el inliss o Monday, hut tlioy axjisct . mlight moveinon atock abipmetn toulng, Attor m-.l:‘u‘iy workluy timo at tholr car-aliops woulld o reduced Lulf ou houe s e K, ACKRERMAN, MR, W, Tronsuror of tho Tiiinois Gontral Ruslrond, stated thnt thoy wore recolviug cortiticd cliocks o banks not siis- outod, "Tiey oot daposlt. any ourrenoy in i anks A prosont, necding sll oy could gat to pay tholr ourrent exponscs, but le oxpected to deposit aguln fu n fow days, 1o Lnd not s cont in s mafe § overy ponny of money iad_beon patd out during the day, &“holl money Was doposited at the Morchants’ Town and Trust’ ompany bank, and they hnd wol drawn nuy for Eoveral days, It boing thelr dstre to holp tho bank nil they could, PETER DAGGY, Tand Commissioner of hio Illinols Coutral, eafd that tho businesn at tho land oftico was very falr, tholr col- lections bolng nbout tho samo us usunl, They wore only recalving currenoy, but tiey hind sonio checks on houd they conld nob caah, They hnve not detvsiled any moncy for homo days, it oy neaded (o curry on tho businoss of tho roud, ] 1, T, BARGENT, Superfatendent of tho Atfeuiat Central Raflrond, stated that they wora recolving utbing Lut oirroneys They do not dopoait any muney at proveuty nl theit rocaipts bolug roquired to pay (bo Ereignts of Western conds on East-bound shipuente, dolfvered o thom, i 10 REVENUE. THE COLLECTIONS OF UNIFED BTATES INTERNAL RLVENUE TAXES wnd dmport dufics, nd city and county taxes, afford study for tho thonghtful that mey Lo useful in de- lormining how much tho panio had to do with pros: tration of trade, or tho prostration of trada with the panfc. Whilst tho oty s only an indiroct intorest in tho rovenuo receipta of the Gonoral Govornmont, it will experienco s Uvoly cwlonity ns to the revemuo derived from eity and county rual estato taxes, which aro luteuded to mect neccssary oxpenditures, Each scparato ftom of collectton will Lo found bolow, aud rendors can draw thelr own conclusjons from the collatod facts, * INTENNAL REVENUE, A reporter of Tug Tntuns called on Mr, G, L Root, Deputy-Collector. of Iuternal. Rovonuo, at his oftico in the Republic bullding, yestorday, in order to learn whothor the panic hud affected collections or not, and 4 g, o what oxlent, * Mr, Root courteously oxprescod Lfs desire to afford tho publlc, through Tas TRIBUNE, oll the information” in his powor, aud; with that view, Mr, Frank H, Dat torshall, .Cashicr; woa communfeated with, who furs nished tho following statoment of recelpts for the periods onumerated bolow, thé ordinary daly receipta batoro that perlod bolng, minimuwm, about $18,000, oaxinum about $45,000: For tho 24 hours ending Sopt. 18, For thn 34 hours ending Sopt, 19, For thio 24 hours onding Sopt. 20,.1.1 1 111uers 11,005, For the 24 hours ending Sept, 2. 10,818.83 For tho 24 hours ending Sopt, 11,02405 Tor tho 24 hours onding Sept, 24, 5,100,13 For the 24 Liours ending Sept, 23, 8,839 For tho 34 hionrs onding Bept. 20, 6,108 For tho 24 hours ending Sopt, 21, 11051 For tho 24 hours ending Scpt, 20,.1.. 9,052.62 For tho 24 hours ending Sopt. 0, 820110 The following fa comparative siatement of the amounts recelved for tho past threo mouths, ond tho eosresponding montha of 1872: 1672, 1873, $074,087.64 $582,874.27 408,680,061 631,660,08 Vve 607,866.20 510,88.30 ‘Tho Deputy-Colleotor remarked, with respect to tlio collotiona for the past month, that they would un- doubtedly havo amounted to $650,000 had it not boon for tho panio, tho busiucss of diatilling Laving com- ‘menced to bo unusually active. The reportor asked fuformation 15 {o whenco this Iargo Incomo was derived, Tho Doputy-Colleator sald that the distilleries of b dlstrict were tho principal spusco of royenye, Manus facturers of tobacea and cigars wero tho noxt i tho itit, cfgara ‘belog loast affectod by tho ponle, Deale sra 0 olgors aro mostly in o small way, Although, of course, thero are somo largo catablish- ments engoged in tho trade, and it 13 not dificult for thom to poy In currency, tho amounts generally being limited, The largo distillors ond tobacco mamufao- turcrs hod suffered wmost, Thoy wera obllged by law to poyin currency, and the panic, which hus locked up currency, has practically put o stop to their oper- ations, It hopponed at o bad time for the dis- tillers, who had Just began to sco fiotr way to making ‘monay, 1n consequenco of {lio prieg of bighwines hay- (ng of Iato considorably advanced, AL tho distilleries (n this dfstrict wero runming to thelr full capacity when the crash came; and soveral of their, o majority, bad nlready been compolled to shut down, Inafow Qaya tho others would havo to follow, and dstilling would practically bo at an end for the time being, Tho reportor asked whether 1t wns not possible for tho Collector to taka certified checks, The Deputy-Collector oxplainod that tho law res quired payment In currency, ond tho Golleotor and Lin bondsmen wero hold responsible therofor, o= ovar the Collector might sympathize with the victima of this panic, ho first bud his own intorests to protect, o bad'no other reaotrco but o fuslst on currency at u time of general paufo and partial suspension. TMPONT DUTIES, Mr, Hitt, tho Chief Olers of Customs,wus next called on. 1o gavo information with Lfs invariblo readi- freedom, and dirccted the following dully of royeno o bo prepared: 24 hiours ending Sopt, 40, For the 24 hours euding Sopt. 2. For the 24 hours ending Sopt. For thio 24 hours ending Sopt. 24, rees 628290 TFor tho 24 banra endiug Sopt. 25.. 1,738, For the 24 hours onding Sopt, 20 8,180.84 Por the 24 hourd eurding Sept, 27, 885,34 or {he 24 loura onding Sopt. ). For tho 24 houra endiug Sspt. 30 < The ordinary dally seceipts beforo the shove wore, min{mum, about $3,000, maxtmum sbout §10,000, Tho following {a a comparative Btatement for the post threo months, aud the corresponding perlod of 1810: fonth, 1872, 1879, $ 70,607.05 $ 91,01 0,868,038 173,010,16 .. BTINGT 18110407 ™ Docrease for the threo months, $416,657.70, Mr, Hitt woa of opiulon, from hearssy and observa- tton, and from tho sbipping and commerclal roports of Now York and other importing ciffes, that the sntiro country had been fmporting much moro than tras noceniry, hud that tho dorrcngo fn Auguat was & natural result thoreof, a8 woll as of comnmon buslucss prudence, With regard to tho falling off for Seplomber, to (ho nbovo reasan must bo ndded flo presont poule, Which, however, had not sor bad tho effect of wholly stopping lmportations, an thoss ave still coming in with apparently undiminished ‘vol- e, - Theso {mportations wero on thelr way befora 1he crasl, and bud to come right along, Upon arrival hore they nre taken Into wazehouse, excopt euch as lave hud duty paid on them, the contignces beiug un- able to pay gold therefor, (In the customs tho fmis rier bus to payin_ gold, which ho oblulns nt tho Biitica Btates Dopository, across tho bal, fn oxchangs for iis equivylont n crirrency.) ‘In bulk, the importations ive probably not dimin- taied, The Leavy curgocs, Atich a4 pig-iron, Tumber, cement, glus, oté., mostly’ como from Montrenl, and bear 'very ' light dutix. An entiro ships cargo will froquontly pny Jems duy - fo the Governmont {ho one littlobox of dry goda, ' A ves- el full 10ad of 500 ot 600 tons will Bomuiimes Toprow gent not moro than as mahy dollars, whorew o Lttlo &aso of Iaces that a man may olmost’ carry under bis frm will pay $2,000 ox more,” Theao dolicate, Light, but %ulnnbla ‘artlclcs nioatly como from tho - ports_ of New ork, Philadolphia, aud Boston, The esvy Monresl £rado s’ almost Buintorruptod, whilat tlio light but astly dry geods go to tho ipndod wardhouso untll tho ruparter can find cursency enough to pay the gold du= o8, ‘Binae the fire, the number of imporiors, 08 woll as the varlety of arifclos imported, iy abont doubled, and dry goods represcut noarly one-hulf of the Whola 1n yolumu, sithough not in the number of inporters, ‘one ar twa houses dofug by far {ho groater part of the Dbusinoss, Vessels bringing tho hoavier Canadian $mports como tiero hoping to obtain cargoes n return, ahd re una- Llotodowo, About niuo Oanadian vessols that left Conndiun ports before the panic, for Chicago, in bal. lust, with tho apparent cortuinty of obtululng’ o eargo of gruin to carry East, arrived horo yestorday and the (ny'boloro, Thero dregomo yot to arsive, und they will ook vatuly for frelght, -r VPR UNITED STATZE DEPORITORT, : 4 yisit was noxt paid 19 Gen, Webatar, Assistant ‘ilod tatce Troasurety whd ijjougs the vilco was cloted to the publio’ yostorday, courteausly siulficd bis Teadiness to atford tho public, thrauyh Tak T UNE, any information in i powcr as to thio effct of a0 distresnful duys on his burea, T'so Oenernl alid that Lo was Just thon oxpocting tho arrival of $500,000 in amll bifls, 1o hnd ulready fachonced hout, 1,600,000 of swmnll bLills for hose of lInrge denomiuntions,- chiclly for tho Liguks, ., Theso amnll bills wero miostly. uned for {ha grain ‘trade and for producers in tho coitry, Tho pauks 1ield tho Lulk or considorablo part of thelr freauuro 1n $500 and $1,000 billa, und atn orfuis liko tho presont thuro was n preselng necossity for *smallor pcunla; euelh wy ones, ey ived, 1908; el ad 290 tho Dopoaltqry waa Willing to sppuly 1 thy ute i lnlwhllul'fls m{]meuy. L0 gRprly o thy ute he pocoipty ofhioriive hind not boon mush pifosted, e hisfueis of Wi mxpmln,xa' Lelngg confiued to ro~ cajviug, buluuces from ovornicnt : gatablish~ wmentey wnd - the puymant of saturien mililagy post exponscs, and tho expenditures for tho publia”sorvico gonorally in tho Nortuwest.. As yot very little chiango hus Leen percoptible, T avorige mlance in the Treasury in ubout -31,000,000, more or 1uss, and 18 fluctuatialia aro not of importaica oourh by bl tfeo D L3 bounicotion, 1.0 e o TUo, n)«i:’ of ' gpld, at tha. dopgsitory yeuterday smountort to $4,001, b e o g Y $OITY, AND COURTY TAXES, ‘Ptio followlng axo tho recedpts from city e . Vet . taxen, Inchndlng real catato, b not porsonally (tho latior’ being an Inconsideralia patt of (liowholey, ny re- porled by the Cashier at tho County Troasuror’s oflica vostorday aftornoon : ‘o th ‘24 hours ending Sopt, 12 ¥or tho 24 hours onding B 10,000 or tho 24 hours otinig Hopt. 1 16,000 Tor tha 24 honra onding Bept, 1 ,000 TFor tha 24 hours ending Bept, 1 2,000 For tho 24 hours endingg Bopt, 18, 3,000 For the 24 houra onding Sopt. 19, 6,000 For thie 28 hourn euding Bept. 20, 8,000 Tor the 4 liours ending Sopl, 13 2,000 Tor the 24 houre ending Hopt, 2. 2,000 For tho 24 hourn exding Hopt, 11,000 For tho 24 hours ondiug Hopt 45, 2,000 Yor tho 34 houra endiup Bopt, 20, 600 Tor tho 24 houra ending Hopt, 47. 2,000 For the 24 honrs onding Bopt, 29 1,000 For the 24 hiotra endiug Scpt, Y0, 1,000 “Tho Onshior explafned that tho Inrgo Ann of $11,000, pald on tho 2ith, was mndo up Inrgely of cortifiénion of cily {ndobiodsioss, Tho recelpts havo uow nunk bo- low tho orditmry dally requirements, Tho Xroasiirer 18 responniblo for enrrency, ‘tnd wnblo Lo aceopt eer tifed checks, which moy o' may not be esucd by sol- vent bnnks, e B IN GENERAL. YESTERDAY'S OURRENOY RFOEIPTH, The currency rocoipts by tho ditforent oxpross come Taulon In i city, yoaterday, wero o follows : Amorlean Exposs. . Unfled Statos Lxproas, Adgtus Exprosa, .. Total,veeraesesrnrien 1o vereess 85,000,000 Tuesday 15 usuzlly tho smalicat day in tho vwook for curroncy rocelpts, becauso littlo of tho monoy comea from Now York, To-dsy, whon heavy Now York re- mittances aro oxpedted, tho amotnt will be still largers But littlo of the monoy recotvod yostorday went to the banks, most of it being consigned tn privato partles, Tho shipmonts from Washington during tho last threo daya hova been exceedlngly eavy, Ma, PHILLIP AUMOUR {nformad a TrimusE roportor yestorday {hat fn Mil- watikoo the panio was mplendidly - mannged, Not a ank suspenilod, witl tha oxcoption of o Nttlo privatd concern, whoto oxit from troublod finaucial world waa almont unnoticed. Directly tho troublo becamo ‘apparont, bankors, brokers, and tho Dosrd of Trado combingd togother to tomo toan undorstanding 08 to whot waa bost to do under tho’ clroumstances, Tho consequenco wag that all partios put tholr shoulders to the whoel, helped one snothor, tho banks peld as much. 54 thoy conld, customera drow 88 Uttlo mouoy 5 posal- blo, and tho reault of the good focling ond wiso action was that vory soon tho bankers had enough monoy o fool tolorably confident, tho sringonoy wan much abated , and, when tlie Board of Trado resumed bust- nesa and a goneral soltling of old transactions fook ince, no ono was fonnd wanting, Tho resisting of {\.\6 temptation to sell dawn, notural coough under the cirommstances, was rowarded with o strong sustainin, of prices, tho declino on creals only amounting, o thio timo thingn looked worst, 1o 8 conts on tho bushol, Thera fa 10 daubt that Mittlo Milwaukeo, which docsn’t o eloso under Qizfengo’s wing for nothing, Lus man- aged hor affalra very well during lho panic, VINGLNIA, CABS GO, Jobn 1, Wood, Esq., Gashlurof tho Farmers' Bink of Virginia, Car Co., called on us yesterday. v hos o vory consderablo deposit locked up in tho Unlon ‘National, but & confident he bas currency aud abuny daut medns to moot all domands that may bo mado o his bank. This swill bo good bows to tho buslucss men of Virginfa, and to thosaof Casa County geucrally, 1o lina tuad® temporary Arrangements {0 hiavo all out~ Blanding drafts paid ab tho Merchants' Savings, Loan & Truat Qowpany, = ELSEWHERE. NEW YORK., Spectal Dispateh to The Chicago Trilune. NEOPENING OF THE STO0K EXOHANGE. New Your, Sopt. 80,—Tho roopening of the Slock Exchiaugo was effected this morning amid a good doa) of short-lived excitoment. For an hourand g quer- ter & great crowd of vis{tora stood waiting mpstiontly at tho Wall-itroet entrance, while ayound tho corners on Brond and New strcots the mombers congregatod Inter, and good-naturedly, though exclted, waited for tho unbarriug of the doors, Tho vestibulo at tho Tirond-nireot cntrance was filled for an hour beforo tha room was oponed, and thero waa conalidorablo speculation, which was brought o s cloko at tho ro- quest of tiia Secrotary, who saked that no desling showld bo lind until the Board had been formally opened, This was acquicscod In good-humoredly, ol thouh thero wns 1o rulo to euforcs #t, When tha Board formally met, ot 10 olclock, which wasan~ nounced to the ontslders by tho choera of tho brokers, ordor was called by tho President, who read tho yuls adopted yesterday, and mada ‘s brief apecch, aa fol- lows: #41We huvo met galn after o very momentous sngpen= slon, for tlio ‘purpee of resuming Lusiness, Your actidn n tho ntorim has met vith universal sppraba- tion, and baa moet entlsfactory to yourscives, Buslnoss will be carriod on under thio rules adopted yesterday by the Governlug Committeo [which horead, appointing o committes to settlo contracts of defsulte ng parties). Al I ask now is that you help each oihe er to bear tho burden that has falled upon us, and to 80 conduct businoss as to ounble the Exchange to carry on its work successfullyt Hore WS LITILE EXCITEMENT, whilo confidence wun in & Jargo measure réstored, Tho lack of excitement and tho low prices which provailed indicated that many brokers were atill tiid as to tho stouding of thelr melghbors, Tho onouncement, which was carly mndo, thnt ono auspended flrm had resumed, sud tho fact thnt nona of tho thirty brokers uotieea of whoue suspension werd n tho handa of tia President at tho closing of thio Board on Scpt. 20, Wero nnnounced 08 auspended, incroased confidenco in sonie degree, but throughout tho day tho timldity ws so great that tho deslinga were smoll and priccs generally Teduced from thio Lelght they stood ot tho close ten days 8go. SETTLEMENTS WER MEAKING throughont tho duy by brokiors who kad mot freed tlicmselves from ombarrassment, Eminont legal su- {liority sald to-day that oll donoslta with suspended Dankibg-liousss who bayo partially resumea busincss wero linblo, if fheao firms ehould bo odjudged bami- rupt. B, T. Russcll, Chalrman of tho Caismitteo on Soltioments, says that all sottlemonts had beon amica~ bly made, and meny dlsputes which had threntoned ltigation had been declded eatisfactorily, Many who biad doclared thiey could do mich, and DDy WhO 85 aorted thoy would do nothing towards et tloment under tho ciroumstances, lad come forward during tho rocoss, and put up sntlsfaotory ee~ ouritica, nud settled among thomaclyea, Whilo the Qémmitteo had cxpected & great many auspensions, they were plensed to learn that thore waro nous to by sunounced to-day, BTOCK BALES. The comparative tabloof quotations shows thatwith fow oxcoptions stocka aro o littlo higher than at tho closlug of tho Exclunge on Sopt. 20, Tho most notably fin- proved aro Harlom, Wabash, Northwestern common, Tock Taland, Milwaukeo & St, Paul, and ktocks of othor ood Weatern dividond-paying ronds, i< THE GREATEST BUI RENS appoar to bo tho Vendorbilt lines, exeopting Mar- fem, Lako Soro hna fallon from 7 to 8 per cent, owing amatuly to its complication witli thio Ulon 'Erust Come yuny, and the rovelutions regarding its” orrowlug inongy to pay ifu ust dividend of § per cunt, (70 the desaciated Fress} TAE DANK OF TIK COMMONWEALTIL, New Yori, Sopt. 30, —Applidation waa 1aide in the United Btates Clreuit Court, to-day, for an order en~ fi)}ulnz tho Comptrollor of the Ourrency nud lssao 1, atloy, ecolvor of tlio Bank of tho Commouwoulilyy feom proceeding furthier in the matter of tho bank; also for & citatlon to show ciiso ywhy (ho Rocelverahip sbould'not be vacated, and_the appolutment déelave null and vold, ou tho ground that tho bauk nover re- Sused to redetm its circulating notos, Tho citalion st grauted and mado uturmablooa o i of Oclo- er, " L] = GNTA OF BROKERS, Ex-District Attornoy Sullivan Lus given an opinion s to the rights of brokiers and bankors at the Gold Ex- elinugo undor 1te recont actlos in cloaing its doorn, Jlo oldu that tho srbitrary closing of {ho Exchangs fu- volyed an entira sbrogation of ths ordinary powera uf o' Excliuage pyet contyucls dotsloted prlor (o tio sibponaion of businoss, nud should tho Exchango Without tho consent of all partiea concornod, attempt 10 enforce tho rulos eatablished for ordinry business it would bo liablo fo injunction, Iloalso holds that contrapts enterd into_buforo th cloking of the Xx- Chango by s Board of Management caunot ho oxtend- od by 110 action of tlnt Board, and, therefore, tho con- fract of thio New York Stock Excliange must Lo com- Mencod mNow, RO far ag DY TOWOT exls i iho ARoe clation to ndjudicata and enforeo past coutracts, It is ptuted that soveral important suita betweon Lulls and bears wore projectud, conssquent upon tho sudden. closiug of tho Btock Exeluuige, e ‘WABHINGTON. . Spectal Dispatch to The Chicaga Tribune, WEOUEARE 1§ BEVENUE NEOFIES; - Wasnmatox, Sopt, 50.—A largp fulllug off in voyo o from dutorinl taxes {8 wircpdy shawn, whiol la ens tirely nttribuuble to ihe’ Ananclal affuira throughout tho couutry, sithough, a8 proviously slated, s vory fafr {ncroaso {u tha veceipls fram this wource ought to have bLeguu fo appear by tuls timo, from o fuot thot minny dstillorfes which lad suue ponded durlug tho suminer Lad, or weroabout to xe- o busiiess when the recont pando sot iy, Yeator- day's rocolpts, s shown by tho hooks of tho Tnternal Tioyonuo Burcan, were 29,000 less {linn ou thio snno 4y of Jusi week, sud tho colloctions to-day wora$712,000 ‘alow thoso of last Tuoalny, . 4 siuilar nropavhonite deoreusn will prabally be' potfocatlo for ton duys op fiwa weoks, thouglj tis will not prove o loss, bocansg o diutitiors will doubtless ooutinue {0 do business as waual, but will, for (ho timo baing, nob withdssw thole ‘@ouds from tho warshousca na ratildly, sl . WEOEIVERS FOR NATIONAL DANKA, * rho Gomptrollerof the Ourroncy-glzte that ho ean- ok legally appofut A Rocofver for i Nutlonal Vanic 5y socount of refusalihy:n Nationul Taph ini.pasdififaivy whteh gy @ cerjitiod chiacks JIT oy Wiesesy, 4 1 dow gl prutito m nenslyll of e largd ltics, -1t obsod.. Of. porsows or companics wlio, 't * the Lo ueht check da certified hinve on dondath iy stk bunk sw anonnt of smoney'equni ¢ (S finount spocte fod i uch chocky 'suy PG 40 Goniitod by duly s thorlzed officers necording to law fua good and valld abligation, 3% PUBFATS that 70 proof conld bo ndduced o stiow n TIE NATIONAT, ATRTROPOLITAN TANK of thin clty hud violatod tholnw reforred o by the Comptrallers und tho offorta of an indiviawal yestor- dny t0 induco the Comptrollet to sppoint s Roceiver fur thia bank proved futlle, It wne, doubtless, out of ho above-mentioned ntlum‘ll. thnt thoe report got circus- Intlon Inat nipht, that the Motropolitan Bank lind beon foreed fnta bankraptoy, Sovoral of the banka of this cl:.f' riill continuo to pay ont etirroney tn minl_ e, and o fow of thew Lavo 04 yot glven no corlifted checke, TAAY A COL,y who declined to go into tho asocltion for olf and mubial protectfon, havo © heen - over- sun with offers of money to dojosit, over $100,000 naving been tendored daring yestorday aud to-dniy, bt tho bank refused to receivo tho monoy, on the’ grapnd that it did uot eara ta temporarily tie crensa its clerical force, tho Company feoling kntisfied that the proforcd bustnesn wan only trausicil, JAY COOXX & 00,'S FRIRNDS now #ay that n printed clroniar will b sont to the eroditors of that concorn, slating tho lerms of compro- miso which the Oompnny_Lns decided o offer, and thit nothing farlher will Ukely bo dotio uniil roplics lave beon rocotved from all tho ercditors, ORATUITOUR WIGDOM, Bince the panto began, tho Comptroller of the Cnre roncy hns boon overwholined with telegrama from Nationnl Bankn in overy acolion {n tho Union, anking Wm to expedito {he forwatding of clreulating notes ; {o transmit or soll the purpine of bonds 3 to oxchangs bonds: fo 'glvo iuformation f{n reforonco to the snapenson of bunke; and, in mony instonces, anking, for ihe immedinte appointment of Recolvorn. o Lins, howaver, thus far appofnted Rocolvors for but four Nationnl Donks alncd tho panic commencod,—ono fn Now York,one {n Wash- inglon, and two in Petoraburg, Va. RECEIVERS FOTI NATIONAL DANKS, Tho nowspapers shnounced the nocessity for the np]minlmem of Rocolvors at Chicago, New Orleans, Bilt Lake Olty, and many othor points ; but from information xecolved by the Comptroller thie moruing from hix ovn_ osteninere who are upon tho ground, In nlmost avery tnstarice i 1a thought that euoh banks will cithor resutne or go Ins {o, volustary Aiquidatign, apd gloso thels own Bt fars wndee Qoo, 42 of tho Danking mot, Tho Comptrollor fa of tho opinfon thal flio skios are now brightening, and that tho alfnirs connectod with his oice linve & mora clhicorful 1ok to- duy thun ot any timo for tho Jast ten days ; WIAT THE PRESIDENT MEANT, Tho Adminintration organ Lus_alresdy begun to ex« phain Trosidont Grant's lotter on finoncial aifalrs, snyn tho lognl-tender roserves will not bo placed at 1D dfaponal of the banks, but will boheld to moet tho {omnnilsof t:e prblic noceesity, a8 those domnnds are \lomonstrated through tho transactions of tho Trenaury Depnrtment,” ' Tho Governinent cannot and will ot Qraw on tho reveuuo oxcopt to meet its own ablign- tious, bt oventunlly tho banka may recelvo tho bone ofit of such actlon, T3 the dwscloted rvesn] Wasumiaror, fepl, 00, ressurcr Bptnnor will zo- #pond to the roqueat of tho Nutional Bnukw for tho ihyment of Intorest on their now § por cont regiatered onds In_tho Treasury as eourity for ciroulation and publte deposits, by serding thom checks for thasmount B ntereat dua on the Jat of Novembor on suoh bonds; Joss Tobato at 6 per cont por avnun, QURIKNOY OUTRTANDING, WagnniaTON, Sept. 30,—~Tho oflicial latement hown thint the United’ Siatos ourrency of all kinds owlstand- ing ot this dote fn $403,025,030, . - JAY COORE, M'CULLOOH & 00, The appolatrAcnt of Jny Couke, McQulloch & Co., of Tondon, ue- tho financial -agents ' of tho United Stites sbroad, i placo of Olown, Habicht &-Co,, susponded, was ragde upon satiafactory ovidenco (hat tho houso s sound, untwlkll;ahmuug tho failure of its connections country. e THE UNION TRUST COMPANY, AN INTERVIEW WITH ITS PRESIDENT. Spectat Dispateh to The Chicags Tribune, New Yonr, Sept, 30~Mr, J. I, Frotuinghsm, Prosident of the Union Trust Company arrived fo-dsy from Europe, Ho saflod Baturdny, 20tb, tho vory day on which tho Trust Company eusponded, In nnswer to tnquirles rolative o tho subject, ho sald that hio had not hioard of tho suspension of tho Union Trnet Com~ pany beforo salling from Europe, but short telegraph dlapatches containing nows of tho fnsnclal doprossion hind been recelved. Thoy containod nothing, however, thot hod caused him fo have suxiety regasding tho yertoct sounduoea of tho Unlon Trust Company, Ho lind firat learnod of the suspeusion of the Company on Lis acrival ot quarantino, Several gentlemen who arq connected with {he Compsuy and other friends ad met him these, and inforined L of th disaster, o e WIIAT THE PRESIDENT RAYS. 41 was perfoctly sstoundod, I nover kind the slight- cat idea of nuch a calamity, The pmblic know my choracter, and will beliove mo whon T say that I had {hio moat {mplictt confidexce in tho Company’s slabili- ty., I canatill searcely bellove tho unfortunsto nows. Tho pnnouncement of Qarloton’s defalcation took mo complolely by surpriso; porbaps that woa n groator gurprise to mo then tho information of thosuspeusion of tho Company. I placed most finplicit confidence In him, I belioved him to bo s mon of unaullied integ- rity, snd of tho bt principlos. Tefloction on what I took him to Lo and what ho las ehown imself to bo, porfoctly bowlldors me, I know noth- ing, 5a yot, of the nuturo of Carloton's defaleation, I atrived liere, ftor & tour in Europo of six months, and information of two misfortunea waa broken to mo in o moment, and, for o time, nmost Incapacitated ms for action, When § sailed from this clty loat Marct, overything conneeted with the Trust Company wos i 5 prosperons condition. I WOULD HAVE STAKED MY LIFE on it perfect soundness. On returalng, niter an ob- sence of slx months, I find thot tha Company Lina suspended, and tho its, Sccretury is s dofaulter sl s fugitive from justice, Notwithetauding its suspension, I hovo as much faith in the Company 28 I had when T 16ft for Europe. I Leliovoin it as much ne over 3 it fa sound right through, I know tbat {ho Loke-Bhoro and other Joans aro soure. The Qom- pany holds pothing but frateclasa soouritics,” * NS IGNORANCE OF THE COMPANY'S CONDITION, i answer to o question whethor ho kuow tho im- medinto causes that Jed fo tho suspension of the Company, Mr, Froihingham suld: “Of what hopponed during the panlo, I know positively nothing. T havo not yet visited thoofice, and, in faot, hava only boen on shoro an hour or two, X sl Yegin to-morrow if all is well, Of course I can give 1o opinion uutil T have had full opportunity for in- quiry und persanal Investigation.” bl el PHILADELPHIA, Spectal Dispateh to The Chicago Tribune, DEIAVEN & DRO. PrrLADRLPEIA, Pa, Bopt. 80.—A meeting of tho ereditors of Do Haven & Dro, was held yeaterdoy afters noon 0t No, 4 Bouth Third strcet, at which a atajoment of tho affairs of tuo firm Was presonted, snd acom= mitieo appoluted to investigato tha case, Dopoaitors reslding in differcut parts of (he Btate Wero present and united {n tha opinion that thoy would bo treated with perfect falrnesa by the fiym whom they have fntrusted with their funds, Tho following ia an ap-~ Linilities, ... Linbliities, unbecured. oets. . e W, onan & ca, The fallowing circular waa distributed among the eroditors of . W, Olurk & Uo,, of this elly, a few days g0 OFFT0R oF E, W, OLAnK & (o,] DIILADELFRIA, Bept, 20, 1673, Dran Sms: Worenpectiully réquest you’ to sitand a meeting of our creditors, 10 bo hold at pur ofiice, No. 35 Houth Tbird strcol, ot Tucsdny, Bopt, 80, at 12 olclock, m,, whien & statoment of our affaira will be gugtled, Yours, truly, E. V. , Onan & Co. In pursnance of tho abovo a meeting of tho cred!- tora waa held ut noon to-duy, thers belug o vory full attendouco, Honry Carcy Lea, Esqy was Oholr- wan, Qlarenco ¥, Olark then p\lhmjl:ed thg statcment forwardod fo you by tho Associatod Pross o e soppeicd o6t the e ave &K futorest in tho Lake Buperior & Mlssissipul Railroad, it stocks, Londs, aud realostato §n Minnesots, the to- {al valua of whict, aa their books ahow, 18 $00%,5600,62, AN OFINION YENTURED. After rending the statoment, Bir. Csrk announcod {int ta facllitate tho relizationof the fisw'a nusots, for thio host intereats of ail concorned, threo objocts muat bo kept in viw, In (e fnat plsoo, it wos mecessary for tho fim {o contipuo in Disiness, 18 the ssgots cowld bo moede ta Fealizo more rapidly aud eatisfactorily undor their own personl mansgomont snd control ; 8econd, thoss ‘oho bt spouritics for loan to tha Arm wmuat be fn- duigent, to enublsfhio creditors wha beld no callatoral toneourb moro gapld and enny prymont; aud lnstly, an lnereaso {1 tha working eapltal .of tho frm wak ngedod, and §t was lopod that 3t would bo soourod, "Ab 16 suggestion of Mr. Olurk, & committoo of lirco was appoiuted by the Ohairman fo mako an iuvestiga= tion of tho nifuiis of tho tirm, whicls will bo submilty fo tho eroditors *nt & meetiug on Fhureday nGxt, b whicli day the meoting wasthen sdjoninid,’ ‘Lo Com miileo gppoinied by Lo Quetioan Souabisref Measrs, Jncob Coliuy, Blephen Ualdwell, and Henry Glbsou, (encpal yunnfmity provalled at the meeting i fuvor af vendering all poséfblo assistanco to {ho fivm in theiv efforts b roalizlug upon thely sesots, and muking kettiemants with thelr ercditors, all predont balng e pressed with he bollof ' that thete ntercats would not suflor in'tho and, - BETTLING DAY AT IAND, To-morraw being the 1st of Octolier, tho semi- annunl paymont of intorest on mortguges, CoupoR, Vonds, voglatorod loans, oto, will tuke plaga ut Yho ollices’ of (ho varions companics nid. 1goifezud lustitus tlons, There I8 du te-maryaw it dlgeegata of somo- PH .qr«nlur portion of which Wil ainla Nafirasd Company will by fuiereston tels sooud mortgage, - Tio paioute Will b by ehiocks for o)l Invge ainouiis, siatl dupons belng pald for tn cuvh, ho ohtirs awolint duo 18 a F100000, Tutoreut n {ho Candow & Ambny St atnatiting to $20,000, will ulsn bo padd ot {56 AT i Battvoud' oo, i) ancaryy oIS Bt aid by chocka, Thora jy i d1 P 1 o reiheretToang 1y 0000 12 84,000, * Congious okl anylite, Yazollon & Wilkesbarrn 79 Wil 0o, duld N hocks i cagh nt tha caiye uilleo b eutirg 3 i} bd Y whsher the LTI (Y g a0 quioaln © Idie o Wluira E Wi 12 i st Talling duo to-morrow et by -_‘\._u\f hy: MY-. b at thio Begmayivanta. il aoh\‘\h;l-l‘mw'huy will e yaid fu checks, ‘Ll smount uo fu 314,000, : North Pouusylvaula 108 will.ba padq by oliock af vor ¢ < petdl, Lo Leniayl == iE CHICAGO DAILY, TRIBUNE: V ut | NESDAY, 0CTOB 1873 R 1, 5 1ho office of the Company, on Walnut, nbovo Fourth, oldors havo cach smnll amounts, bu they are many in numbor, Tho entiro nmount falling die 18 about 18,000, Tatorost on tho Muntingilon & Tound Top first ‘mortgago 1A poyabla it gold, [roo of tax, mt Nu, 411 el iract,” 14 will bo 14 by eock,” Tho uriount 15 $10,000, The Liltlo Bchuykill Nsvigatlon Ttatlroad and Cosl Company's_first morlgnfiu arg payable to-morrovy, at No. 410 Walnsit siroot. Aliont $20,000 fntoreat on 1hil- Adeiphin & Reading unconveriible mortgago honde will ‘bu paid st No, 237 Santh Fourth sireet, the Trone- urer’s oflice, About $05,000 will Lo pansed ovor tito counter, If ail tho coupons are prosented, Bunbury & Erie firat mortgages aro payable at tha Tonnaylvanin Gompiny's offico, About KI3,000 wil ho Al out—small amounts in casli§ Intger sums by cheak, Tho Tuckerion Rattroad first-morlgage coupons will bo pald at tho Philndelphis Truat ‘und Bafo Dopoxit Qamyany, {n the Philadelpis Dauk Bullding, “The amovint uo 1s $24,000—3) por cont on $400,000, ‘The Cumdon & Atlantlo socond-mortyagaand (le Wentchoster consolidated sovens will bo cashed at tho Farmors' and Meolianica' Dank, Otlior corporations will poy their dividends at thelr respoctive ofiices, prinoipally by chiock, Thoro will no doubt be quite s rush by both males and fouules— holding' flmn coupona ; aud busy duys will bo ex- porienced by elerks i tho niimerous oMees, [1'o the Associated Presa,) RTATKMENT OF E. W, OLATKE & 00, PumapzLeiis, Sopt, WA mesting of {ho credi- tors ot 1, W, Olarko 4 Co, was huld to-day, and a late- ment was made, ue follows ; Linbilitlos (cctred), 1,042,520 Liubilities (uuscoure 1,041,408 42,084,004 Anscts (i tociin, Londs, Toans, bilis - Tocelviblo, and_ ottier securitics, sud real: 81ale) ver erea <evens 404,355 vediien$ 380,331 —— LETTER FROM SECORETARY RICH. /ARDSON, “ ‘WABHINGTON, Bopt, 30,—Tha Secrotary of thoe Treas- ury Lins nddroseed tho following lotter £6 Franklin Td- m:bu’i"“" President of tho Now York Produce Exe Laaving o surplus of .. 4 TRRARUNY DEPANTMENT, . W WasniaToN, Sopt, 30, “ i Your lottor of thia juat,, covoring two Tosoln- tlona of tho Now York Prodiico Bxchango Las boen ro- coived, and thio subjoct mattor fully conslidored. Ths rosolutiona aro os followa : s Wirieas, Tuojcritical condition of tho sommor- elal fnterests of tho country requires immedisto rolief Dy thio removal of the block in negotiating forelgn ox- | chango ; therafore, ¢ g it resoloed, That wo respoctfully fuggest to the Socrotary of tho Trossury tho following plans for re Hof in fia_oxtraordinafy emorgoncy. 1, That cur- rency b tnmodiatoly lemiod 1o banks or batkors, upon piactory ovidonca int gold tins baon placed upon special deposit in the Dunl of England by thole cores- ndonts In London to tho oredit of tho United States, o be usod polely in purchmaing commorcio] bills of sx’ conge. 2. Thot tho Prestdent of tho Unitod Btates, and Becrotary of tho Treaaury, aro rospactfully requented {o order {hio immediato prepayment of tho outstanding loan of tho United Slates, duo Jouuary 1, 1874, +Whila the Governsiont 16 desiroun of dolng allIn ity gnwur to reliove. the present unsottled condition of nainess aairs, 1s,ins alresdy beon snnounced by tho Prosidont, it 1s constrainied in all ita aets Lo keop Willi- in o lotlor and apirit of tho lawa which officors of tho Government a10 sworn to support, sud thoy cannot go boyond tho authority which Congress has conferrod upon them, Your firat resolullon presonts_dim- oultioa which capuot bo overcomo, It s not aupposod that you desiro to oxclsngo coin i Evglnd for ~ Upitod Blates moies in Nov York at par, 1f your propoition is for tho_Gov- ernment to purohaso gold fn England, to ba pald for in United Btates notes at the current market rato in Now York, it wonld involvo tho Govornment in tho businoss of importing and spooulating in gold, sinco {ho Treasury s no uso for coin beyond ita ordinary rocoipts, nd Would bo obliged to sell coln so pur- chasod at 8 price groater or loaa than was paid for it It yonr eblost a o induco tho. Treasury Dopartment 10 loan United Blatea natca o banks in New Yotk upon pledges and doposit in Landon of gold, it 1A saking tlio Bncrml? of the Treasury to loan the money of the United Statos upon collatorsl soourity, for wiilch thore s no outhority in law, If the Becrotary of tho Teouury can’ loen moles upon @ plodgo of coln, ho can loan thom upon & pledgo of ‘othes fo Dbis discretion, a8 ho groporly, 1as rocoutly bisen requosted to do, which would bo an oxtraordiuary power 88 well as dapgerous businoss Lo eugngo fn, and which my judgoment would detor mo fron: undertaking s Socrotary of tho Treasury, oven if by any stroteh of construction I might not find 1 absalutely probibited by law. The objections nircaty nientioned ta yonr first recalation ara so jnsuporable and conclugivo, that it s unncoesaaty for mo fo_refer o the many prictical dillllios wish would nris i an atfampt stiould bo mado to. comply With your ro- uest, & Your socond resolution calls for tho pryment at onco of tho loan of 183, callad fiven of 18741 yeatigation I sm of opinion hag not conferrod upon tho acrotary of the Treaury power to comply with your requost in that partioular, Tadlin this opision tg tavw otfcers of the Governmen concur, Undor theso_cizcumstances you will percelve that whila X Liove great respoct for the gontlemen com- prising tho Now York Produco Exchango Iam com- pelled by my viows of tho luw sud of my duty. to ro- spoctiully dacline to adopt the measures whish your zesolutious propose, spectfully, (Blguod) I kavo the honor to boveryre- # iLLzas A, RIGIARDRON, “Bocretary of Treasury.” ———— PROVIDENCE, R. I, ProvipeNce, I, 1., Sopt, 80.—An sdjourned meot ing of tho Pro7idoncs banks adopted Lo roport of thip Committeo recommending o liberal snuoy on the part of the banks toward each other aud customers, and {lint cach bank should request its depositors to draw chocks payatle through tio Gloaring-House, and should certify cheeks payable througl Cloaring-House; int doposlts mndo (o tio banks . cugrency bo paid out {0 suck depositors in currency, ond that deposits mndo In certificd ehecka bo' pasd_out in kind, The Trovidence bunks ure in u gouorally suund aud strong condition, e 2 HARRISBURG. Hannianono, Pa, Bept, 80,—Tho mamfacturers horo have asdopled resolutions approving of tho netlon of tho banks in prevonting a drain of tholr currency, ud condicing to tholr best. intoreats, 45 well as the fiis terests of tha publia at largo, Sl ST QINOCINNATT, sNATT, 0., Sopt. 80,~There hus been 1o very piticalar chiaygd o i sikuatlon of ausuciel affire ere to-duy, Tho opening of tho New York Stock lixe change was looked 10 Wwith a groat dost of intorest, and the work of tho day haa beob received with much fa- yor, This, howaver, lug been somowhat counteracted by the unfavorablo turn affalre took {n Cldeago, 1t 49 truo thut a fow persons havo fearod tha resulf an- nounced with seforonco to tho Union National st Ohi- ¢3go, but (ha main body of tho business men wero not propared for other change 8o soon, The reault was that ho news took out congiderablo of tho ro- nowed spirit hich was menifested in the genoral mar< kots early iu tho duy. Moro orders for provisions were Rere to-dny, probably, than for a number of doys, and ‘moro hia beon dono I a jobbing way, but there 1s but little disposition ta do much until the improvement enerally slhall Locome moro clearly dofined, Wit tho nks nad at tho Cloaring-louss, matiors Lavo been Joceediug about tuo saio aw they aid yestorday, hose tatereated roport ovarything in conncotion wiily tho Clearing-Houso us Workiug in° & maunor eutirely aatisfactory, — ST. PAUL, Special Dispatch to The Chicao Tribune, 8. bam, Sopl, 20— far) bunka and busiucia men here, sustsining each otlier, hold up woll. Ono of the Nat{onal Banks, auold and very consorvativa institu. ton, 1a ald to havo run short of currcucy Saturday, but 'was_edon strengthoned by timowdoposlts, Lo bunka cladm not to Nave been_inusually drawn upou Inat weck by thelr dopoaftors. But thera 18 4n ald bilsi~ nges circles a yory auxious looking for tho cud of tho ule. An carlyesumption of (o produco aovoruen s particularly desired, becanso s well undorstoo that_vary fow of {ho low keltlora or communitlos car afford o hold their produca, Excapt at tha rsurm,urq Yagific hendquartors, it fs enerally conceded hero tlat tho oporutious of tho Northorn Pagific Company, ot leaat so far as Lullding fnoro Foadl 18 concerncd, Iavo beon put & stop 10 for an dndeBuits poriod of (tmo, Tha paxtly bult o3te slon linea of tho B, Paul & Pacile’ seoms to bo abaue doned at Iast, though 3t fa_ roported tbut tho parta of 1o Bt, Vinceht ling which wors Ironod lnat year will by mupplicd with valing stock and oporated ihis fll st noxt winter for tho purpose of helpiug to an exlension of timo on th land-grant, W ; Speeil Disated 1o The Chteago Teibune, Br, PAUL, Hopt, 0.-Tho Gnntlal ituation 16 une chapged, « —— et SILWAUKET, peclal Dieateh to The Chicayo Tribune, MIrwAUKEE, Bupts SU.—Thore. i 1o ehoug of me partunce th (1 lockl mouey market, o banks dro Bauin rocolving currenoy from (o at, wud thio focte 1ng continuos to_{mipcavé, ‘Money, howaver, u_very boarco, pad e’ ‘produce trado coplinuoa to'mufler I comidpiuce, “rho Gbwulir of Goimerso miet (it Iy tconk by aks o bl by toe ot S Somniea (o ] 0 bul 0 {us, &0 resolva to Tob uhatters talio e, Lo pilisiid i & o, QOLUMBYS, O. oLusntA, 0., Bept, 10.—Tho falure of the Tirst ‘Nutionul Bauk of Mansield, 0,, l:u yory unfortunute affair, uy tho funds of the Ohio’ Stato Loard of Agri- cultuty, by praoccils of tho rocent Blato Fulr, woro dopouited with this bank, At the eloso of tho falsy! somotllug near $22,000 wea doposiled by the Fron uror, but drafla on the funds hud radusei tho dopoalt to aliout §16,000 at the timo (Lo fank wospended, A ameoting of {he Bluto Puwrrt has been ealld for Trie duy o cousilor efe Auunclal Altustion, " INDIANAPOLIS, Spectal Dispatch to The Chiwgo Tyllisnie, IupranAroLs, Hopt, 80,—Woollen, Woll & Co,'s Dank, which sunpiended s week ngro, resimed operstions to-dsy, Tho deglosits ave ucarly uqual o thivig previ , ous to suspension, ¢ ——t—— SAN TFRANGIS00. Special Dispateh fo The Chicdgo Tribune, Bax Fitaxomcn, Bopt, 50,—Fho jeopening of the Now York Block Exohunigo aud slutteyiug ehutugtea of callectionw yeatonday L iporeysid onidonce, Fhore 14 0 growlpd foellng'ti favar of w return Lo tho adjust Inen of coipuercls values to i wiandand of Solny il tho Wiado of Cullfornin in steadily refplntug: Inotalli curouoy i commended, Callfornid vontymiud 10 furnish er sharo of 1ho yold calaoge; 1u Hoptember furnishod $10,%5:0,000" " “'ho Nationnl K und Grust Company ro- anivod ty ay¥30, aul 5 ;nuS in gold from the Uuitud Htatos ‘4youstiry hiere ' Yesponve to & telegruphic transfer from (Lo Flrsy Natioual Dauk of Now York, lu return for dovernmont transfora and currenoy sont thoin by the Trust Company, Miniuyg mariot light, bt without much chango in rales, Qurrency, BUX. i AT Sy OLEVELAND. Speetal Dispateh to TAe Chicago Tribune, LRYI AN, O Hont, DOt in mow ecr(nin that the lovedand bors Wil Ml go_ through, whatover may romndn of tho ceiss, withont suspending or furtlicr shortening discounts, Busineas mon have glood by tiio bankn most. nobly, i’ numcaous cases bringin money to doposit meraly Lo Liolp tho hanka through tho pincli.Ouo nvings bank lua withdrawn s sixty dnya’ untice and oflors will do #o this week, Notional andl privato banka slil decline to cnsh Iargo chocks, oxcopt dn_cnres whera monoy §8 noeded to_pay ome pleyor, Trudo in roing rapldly, ond the Norilern Oif Fair, which opened to<diny, na Dilod this city Witl siratigors, s BT, LOUVIS, Spectal Dipatch to The Chicago Trilune, 81, Louts, Sopt, 80.—Tho Oloaring-louso cortifi- cates wero to-day prinied and signed, and to-morrow tho lant of them Will Lo fssucd to tho bonks, shich bave givon thoproper Accurity, They read aa follows : This curtifioato fa good for $300 fn mcttlomont of Dalancen botwcen tho banks wich ate mowmbers of tha t, Loula Oloaring-Houso Assoclation, iz, Louts, Sopt. 26, 1813, 1t fanot certulnly known, but gonorally belloved, that two ot threo of tho smallor bauke have fulled {o put in u sufMclent amount of collatoral to satiafy tho Committco, which 18 inclined to bo a Littla oxacting, - Tho prices of produca wera & Lttle firmer to-Iny, and thore waa an ncreased numbor of transactions on ‘Opango, Monay, olthough atill very tight, in o littlo earter to get at, and tho banks aro tryhug 0 ne- cominodate all thoir ystomers, The Continentul Benk will furnfah ocurrency to all zino mapufuc. turers, so that these worka Wil not prob. ably 'top. Tho Jron mills ot Carondolet aro still running, and will contintie o run for atine an old ordees. Tha report that the Valcan Works ind disohirged 700 onds proves to bo an error, The gon- eral nspoct 18 hopeful. g HOW T0 RESUME. A BT, LOUIA IDYL, Speelal Dispatch to The Ohleago Tribune. iz, Lov1s, Sept, 30.—A now plan for the resumption of spocle paymonts s boing dlscnesed privately by a fow leading bankers snd finonclers of 8t. Louts, whlch. will soon bo mada publio irough tho columns of tho papers of this and other cllies, It meots with much favor from persons of intelligenco, to Whoso no- tleo it hns been brought, It is proposed that tho Gov- eroment sball gradually reduce tho prico of gold to & curroucy busls, by solling fromjtime to timo, at a slight abatement from the morkot rate, all of the gold in tho varlous sub-tressuries that may be nceded for tho payment of dmport dutics, Thoso who fndorso the project arguo aa follows ¢ Evor sinco tho war, gold hna been an articlo of mor~ chundlse. As long aa it is bought snd sold In this mannor, it can nover becomo b circulating medium. any moro than corn or wheut, Its only uso In this country i8 to poy Government duties, If it can only e braught down to Its por valug, 1t will at onca como into the houds of tho people, and the problem of spoclo payment will bo solved. Tho Government it- solf, and not tho gold-speculators §n Now Yark, should rogulato tho prico of gold. This could caslly bo dona by suthorizing tho United States Dopository in overy city which hne. o custom-houso, to Eell gold at such prices as may bo Axud by tho Secrotary of the Trensury, This should bo but Hitlo below tho market rate, othorwiso valtics would be st onoo uisot- tled and troubles would follow among tho merchanta, Tho gold Abould bo sold to only tho importors, Eacli importor, whon ho noeds {t, sould got o cortificato from the Custom-Houzo that a certain smount of du- tioal {o bo pald with which ecrlicato o could pur. chaso from the Jub-Treasury tho amount of gold do- sirod, T'ho offect would be at onco apparent. Two-thirda ot oll the gold in tho country that is uked for legitl- ‘mato purpoeca ig purchased for tho paymeot of impurt dubdes, p‘)T‘]llu okersa would have to yleld to the pressurs and sell gold over thelr counters at the Governmont rate, The gold heing 8ol by tho Governmont only for gonuine commorcial tranmactions, gold speeulators could not buy it up nor in ony anner interforo to omass or controlit, Aw s0on 08 the prics could tflnln bo safely reduced with- out peril 10 the mercantilo community, the operation could bo ropoated and repeated until the bottom wus reached and a dollar in curronoy was worlls a dollar in ald. 84 TTio intervals fn tho abatement of thia rato would bo eatirely discretionory with the Socrotary of tho Treas« uryy whoss haud would Uo contiaally on tho Suaclnl pulso of tho country. Now York, b fs further argued, hns for ten yeara rogulatod tho prico of ovorylhing in tho country fxing the grlw of “speclo, belng tho enirepot of foreign gold, 10 hos bocome the centro of stock-jobbingfoperntious, Doth for the Now World and the Old; hence, ehe hua acquired & monctary power and influence dangorous to the wolfare of other parts of tho couniry, but cs- pecially to the West, Tho Lusiness of Nuw York bauka 1s entirely differont from that of the bonks of Western altfes, Tho funda of the former are ueod lrgely for tho manipulation of socuritics, whilo the mouoey of the latter {8 principslly used to move produce, It {8 de- sirablo that the West should as soon us possibie Lo emancipatod from tlla thaldrom, and nobliing could more contribute to bring ubout the dorired monetary frecdom, than o resumptlon of speclo payment, Tho time {s especially auspiclous for it, Tho plan proposed has certain merita posseased by noolber, Itissimple, and requires no actlon of Con- tzrn!! or arbitrary sssumption of power on tha J;mrl. of ho Becretary of the Treasury, It is thought that tho pooplo of ths conntry would generally favor tho plan, and that, to soy the least, no harm could como from having it trled, Tho Preellent of ono of {ho soundost batka in 51, Louls said to your correspond- ent {o-day, that ho would favor o méeting of Wostern ‘Daukers, st which the Suancial indopendouca of tho ‘West shouvld be the principal toplo of discussion, e WESTERN COUNTRY DANKS. MADISON, WIS, Speelal Disputch lo The Chicago Tyibune. | MADIRON, Wik, Sopt. 80;—All of our Lanks, oxcépt tho Bank of Madison (which still keops ite dodrs open but is not paying snyihing at present), are dolug Duwinces as uaual, and peoplo gonorally’avo.takg s coolly, DAVENFORT, T4, Kpecial Dispatch o The Chicago Tribune, 'DAVENFPORT, 1a., Sopt, 30.—There 18 o great acarcity of money hord, oid trado 16 woll nigh paralyzed.. ‘Tho bauks still adhéra to tho limitod check system, sud, of coura, tho supply of money 8 very much lmited, The nows of the falure of the Chicsgo Unlon National created a litlo feeling among Lunk mun imnsmuch ss tho Davenport Natlonul had an accouul thero, On acoount of thu scarclly of currency, ono prominent lumber fAirm suspended operations to~duy aind diseharged thotr men, aud ono or two other calab- Linpments will do thesame thing if monoy {8 not easicr within two days, Within the pest threo duya sovoral hundred men nvo beeu dischurged by mantfuctories and contructora here, and tho number will soon grow larger, iy gavings banka oro tsling (o oo, doposit mora monoy than thoy pay out in tho Nutional Banks, 1o | thiat ey will kill fpoely noxt weck, but prl currency balances aro {ncreasing, "A medting of bank oflicora ywas held this evoning, tho import of which hua not yot transpired, DUBUQUE, 1A, Speetal Dispateh to The Chicago Tyidune, DunuQUE, Sopt.0.—Tho oxatnluation nto the condi- tion of thio Morchanis' National Dane has resulted fn entisfying tho exnminers that tho dopositors will ba paid in full, but thot tho capifol a impsired, and that Sory likely fiig stockholdors will be - obligod to pay iny ‘miogo thaui tho swount of their atock to meot tho l Dilitfes, Messre. Sheflicld, tho Dresident, nod Bal bage, Oasbler, tho priucipal'doblors of the bank, Mava ploded tiombelvos to aurrendet il thelrproperty ta ‘mako good tho losses cansedd by their Arawing aiy tho fundaof the bank, A full stutemént will prdbubly bo madoto-morrow, The questius i Yot undecided o8 to ‘Whother tho bank will or uot rostimo busincss, Al thq othier bank ré dolug izlusss ay usnal, Dunvgue, In,, Bopl, 30,—Tho Merchiants® Natlonsl Bank of $uls city will not resume, he stockholdors Touight votod to go into voluutary' bankruptey. Gen. 0. 1. Booth will bo sppointed Recoiver, Tho othos Diuks uro dolug thelr usual business, Tradu fs Gightd KANBAS OITY, MO, TN Speclat Disputeh o the Ohicuo Diduns., Ranes CIrY, Do, Hopt, 6 Howy of $he faile 1o of the Union Nnftoxal BIK of Glilouyo this morn— ng foll ka1 boubehEl araouy tho Dushiess wen of thin city, many of them bavitig largo nccounta with blesud taet who havo voen dopacitivg i that bk, ept unxioty 8 folt in regard to our banks here, buf; tho officers of ool _woy thoy aro confident of Voing' ablo to pass through without their dopaiilca losivg o dollar, 'T'bo stock dealors oxd ekellod avor the nows from Ohicago, but a lard miynbier of earsaro holng ehippod on ofdors” tecelved yoaterdsy, Th packers o, landliog u.iorul supnly, aud to prospact 1 lced Zoqualiy very low, " Spectnt Divyagenfo e chtdao 1yl Specinl Diepateh to Tl ¢A3sqg0 Tribune, Apntan, - Miah,. Sont JueFrldy Tust the Tiret Natjounl Buik refused payment except in small amotnts, uad ita attion Wak aftorwards followed Ly tha saviiiga bank aud WV, II, Btono & Co, ‘LLoro wis & Tit{lo excitement on Saturduy, bulno tun, Tho bauks aro now dolog businesa tegilarly ; confidonce js Te stored ; morchants dopost frooly, ind thelr drafty ayo, Lionored at tho Lunks, : LOGANSFORT, 18D, Speciat Dispatelto The Ohlsuta Trlbune, ToOANBIONT, Tty Ropb, $imiho fnanicial pants Los 1ot afiecfed busiuges' Liore to suy groat oxtent, The uatiornl pud knvings banks lave been dolug Lugls nesg 06 Witial, Bll demaids baving boen prompily mat, Fastars shipmonts of stock and grain repclved o tom- porury chieck, but BOW show eiins of rerayery. YOND DU Wi, Snectal Ditpate} o s Ml Tetbuns, Foxp D Ie, Wik, Bept, 3.~1io bauks lavo Tgd {iio quigtaak ey for's moith or more, o eay bus lost obuildence, % g ¥ R QRAND RAPTRY Spectal Dispateh {y ') Qnaxn RAIDA, tch,, Bep poct Liers L ratlier improved: 0T Chleigo Telbung, ho funmely] 0. ay. Nothlug dlsase | byouy seems koly 16 veent ‘horenbonts, spctul Dlaguioh & 146 OYssd Tut Spectal Dapatod e CAfcuna Tyllune, mn\lomt:g‘ in\e;‘ Hopt, Y. ’lnlu-l\mllkur Tusagll, W {odluy ofitelally nofified (hiat the Dubuque Bavipg !\;lnkhn\l wuaptnded, with Uabitios lazgoly du biccss OF 114 nevots, Y ¥ Tho wollon of the Chitengo Union Natjonal lank caugel anoro excilement ' hede to-doy than wo bave lind during tyy penle, Tho Union Nutional 18 corrylug swoey” Zowa money on doposlt fapr eur \m\t.s:um“u 3l othier outsido Tanke combined, Dusi- foda at our Loke confiutcy geal, Doposits’ under i rulo overrunning amounta paid out, 1UONTON, O, Spectal Dispateh (o The Chteaga Telluns, TnonroN, Hopt, 80,—The. Moard +of Yrade and business’ men of Tranton Tield “u meetinge tonfght, ot wideh reclutions were adopted exprossing . Full” ¢ fulth © cend - comdldunte in tho solvancy of tho banks of thia olty, andin tho in~ tegeity and clinracter of tholr manogers, The meote ing complimented the bankers on tho paymont of all clicolin, and renolyed, furihor, thnd tho businesa men sliould continuo thelt. doposita s horotoforo, and not whock ourronoy excopt for dnily busincsa_ trananctions 80 long na tho Pretont monoy stringonoy oxlsts 3 and {hot thoy should mako forelgn semiitnnces i ox- clinngo only, and not givo chiecks Lo forelgn busineas hiouaca on otir bauke, thua mlowing our cnrroncy to bo withdrawn from cironlation, ~ Whilo _caution for “tho futuro wns counsolod, thn statomenia wero tundo that Lewrenco County and (ho Hunging Tock fron region was nover In n botter conlition fo meet o atringency in the moncy markot than now, ‘Thore Lisg beon no_rymptoma of & rim ot one_banke, anil thoy Liave beon dotoy_ bucinoes o wsual, nud the tmant confidoneo s ell o thol abilty 0 ucot ai do- mands, OTTAWA, 11T OTTAWA, 1L, Bopt, 30,—Tho Buatness Argocintion of Otinven sk ovinlou agsad Lo followug renolution Teemleed, That thia Association_conotirs in, snd ap- provea of, {he action of our banks llllrlnq tho paat week, bolloviug that they are perfectly solvent, Wo horeby pledge onrselves to extond n helplug hand, Lot o ntlay tho provailing exclloment and n i dopositing ll the curroncy st onr comnmand, 80 that legitimute business can bo enrriod on aa ususl, OANTON, 111, OANTON, TiL,, Bopt, 30,—Tto First Notfonal, the Yeo- plo's, and 'the Homo Banks of this clty resumed busl- news'thie morning, Aud aro payiug all check ovor thelr countork u cuerodicy. Mok s beon o paulg Lers, doposiiors aud buslnesa mon having full coufidonco fn tho banke. For momo wecks pnat our bank- ers Jiave boon vory consoryativo in tholr diacounts, and liuvo closely Acrutinfzed sll popor, This wasa procautionary measuro deomed roper by resson of o roportod shorlness of filo coru sud pork_aropa 0 thin vieluity, threstoning s sirlogenoy in monoy and & deproaslon of busincss, - Thore 1a no reason to bellove that the corn crop fa motso short, and hoganot 8o Bearce, aa ropreronted 1o Lo pross somo wookn since,and buslnces propecta oro bettor now than twa yoars past. Tho news of the reausption of the Clileago banks lia Iind 5 miost choering offoct, and the oarly subsidonce of tho panio hnk resulted Inno deranfoment of busi« ucss whatovor, excopt to stop ceriain spoculative movementa in’ gealn and pork, aud thnt 18 1o tho gon eral good, Tlio wentlier hora fa xaw, cold, sud dawp, with hioavy frosts nightly, £ ———— MEMPHIS, Mewmrinis, Sept. 30,.—The most responaiblo mior~ chants of tho cily havo subsoribed and pald in $420,000 to tho First Natjonal Bank, which will onable 1t to pay oll linbilities and resumo busincss, ‘Thors was a largo meoting of tho Chamber of Qom- morce this morning, to conslder tho finngelal situn~ tlon, A rosolution by tho banks of tho cliy was received, to the offect that they would not auspend, but would opon, in_ addition {o tho usunl Dusinces, an exchango nccount, to bo_pafd i kind, or for the purpose of moving cotton, which was unani- ‘mously adopted by tho Obambor, ——— CHARLESTON, B, O. CrAnLEsTON, B, ., Bopt, 30,.—Thero fs an improved feoling fn money circlos bwro, Tho National Banks and Union Bank_pay ourroncy 88 usunl, and doposils continite Jarger than disbursomente, Tlirco-fourths of tho cotton sates to-day wora for grocnbacks, instead of exclusivaly for cxchango, a8 hnd beon tho'case iuce thio orisis commenced, ——— NASHVILLE, Fmrlnll)lf{m!rh o The Chicago Tribung. NasnviLLe, Sopt. 80,—Financinl offaira have perienced no clhongoslnco yestorday, oxeopt o slight falling off in busincss at tho banks, Tho manage~ montof the Nashvillo, Chattanooga & t. Louis Rail- way will probably cut down thelr cmploges to threo- fourtlis timo to-morrow, and sspend ono-fourth of- them, Quite & number of eployes on tha Loutayille, {{thfllu & Great Southern Roud wero discharged here o-duy. o1~ e ABROAD. Loxpoy, Sept, 80,—Tho £50,000 drawn from tho Bank of Iinglanid on balanco to-duy was for shipment 1o Now Yark, A wpeciul from Berlin hints ot financial troubles in Germany, Funcy stocks aud bank shiares aro not sala- bh} and some _ave fallen 20 per cent, There {8 somo talk of Governiment intexforonco, ‘LoNnox, Sopt. 30.~The Gazetts publishes & nocico fora w-dng of creditors of Olews, Mabicht & Oo, for ov. 23, ; Tho steamer Parthin, which sallod to-dny for Row Yok, took §100,000in bullion, : —e s THE CLEWS FAILURE. TI0W THY NEWS WAS NECEIVED IN GEORUIA, From the Columbus (Ga,) Enquirer, “Honry Clews hias gono up 1"~ This oxpression 15 bo- {ng nitered to-day throwghout Goorgls with no littls sutisfaction, for, while all regrot tho recent financinl traubles, and Jay Cooko Las the sympathy of the coun~ {3, o' peonl, of ths Slalo particularly, focl that thure i n rotributive Sustico in the fall of 11is wnprin. cipled mov, who mado much of his {ll-golten gning from a2 impoverlslied and conquered people, e wos tho fackall thati(attcnod on tho heipless, and, without feoling, Baw hib companion, Bullock, plundoring tho Btata for tho bouefit of both, Thoy mado mohoy ; hoy plied up Georgia’s debt, and thoy thought thems selves forover secure. “Tho mills of the yods grind slowly, but thoy grind exceedingly fiue” Butlock to- dny 14 8 penniloas fugitive, who daro 1ok Iny foot oo 1o rod over which o onco lorded ; and Honry, Olews fluds hin colossal fortune melting into thin alr, s in- stead of aympatly Bud rogrols, o Liara tho plaudita of a poople Lo triedto ruin; and now thut Clows fs down, tho “acrved him right of Georglaus will bo taken' up by the wholo land, After all, it pays to do ight 58 uear o possibie, ovon if it dooa hot brivy tho great fortuno an opposito course promiscs, From the Augusta (fa,) Chronicle. ‘Who in Georgla weops for the fallure of Henry Clewa ? No toars will bo phed, No Liearls will sorrow, o aympatliica will wall up iu'thio breasts of Georgiuns, 'The pritice par excellence of bogus bond negotiutory, tho Instigator of tho Bullock fraudulent bouds, und o frloud and wupportor of iimball & Co. in all the ruscally manipulations for Swiudling the Slato daring ho_carpet-bag regimo, his fufluro will causo mo rev greta in Georgin, Frurh tho Savanugh to_thio Obatta- hooche—from tho mountafva to tho scabosrd—tho Ligarts of all true Georgians rejoice thut Hensy Clowe, wlio nided in robbing the State, by the nogotiation of fruuduloutly issued bonds, hus 'gouo down in the Wall Atrect whirlpool, nevor—let us hopo—to rise agaiu, As tho fluancial sgents of the Btate, during tho admin- istration of Bullock, the houso of Clows & Co. nego- tiatod the bonds of tho carpet-bag Legislature, Aund now, varlly, thoy huve thelr roward, und who of ug will gainssy thut 1t 18 not & just und righteus ono 2 The wills of the gods grind elowly, Lut surely ; aud Clows & Co. huvo boen crushied botwoen tho upper and nether mill-stones, OW TILE NEWS WAS TIEOEIVED IN ALADAMA, Fran the Montyomery (iTa.) Adveriiser, Tho news of the faiiirs of Noor Lowis® ek bankers and trusted ugents, Houts Clows & Co., fell liko thundorbolt wpou flio people of this city yesterduy afternoon, Tho credlt Alabsma Lad, beforo, suffored sufficiently througl tho utter ncompotonoy and xock- leas iguorinco of tho Governor snd Lis claquers § itk {ho cup of degradation and misfortuno rotained still u fow bilter dregs which ave now commonded to tha 1ips of hor patlent and down-trodden peoplo, It will Do remomberod {bnt poor Lewls, for uo other visis blo cauee thun mero silly, Pertisan projudice, lust Joue removd Meests, Tuican, Soruuy & 0o, frow io pontion tioy had #o long sl o fithfully iled. g Suanciol gonts of Alabama In Now York, and mgtinte ed tho notorious Houry Clowa & Co. In thei tead, Tho bonds of tho_Biato Wero trunsforesd to- thy kecping of Clows & Co. sud thoy Lacame the cusion s, To n cortuln oxtent;'of tho Ybiior of {ha Stato, “Len monthy havo not elapicd tinco thut fatal dny, and whero are the Siafo's nyeuts now? On yostorduy Treasurer Binglam tosuved o telegram announcing thelr fatluro, aud wiglug hhn to basteu to Now Yor to prolect the intertsts of tho State. Thot tolls tho whola telo, aud adds anathor stono to tho column Which 3ot Lowls has orectod in Alabama to come anemorato his own undtness for tlo reeponsible allico lonow holds, No othier than an fncompotent bunglor or sy escaped bodlamite would bivo thouglt of i atalling a crow of notorious stock-gamblera sud swipds Huy jobbora . tho responsiblo oflice of tnauchl agonts of o great Btato. Wo donounced the dppolnt~ aent ut {lo tmo 08 ono unworthy to be mada and “Qlshonoring to Alsbawn, Our opiuion was fowndod on tho woll-knowhn characior of tha mon, Wo know that good fruit oould not bo expectad {rom 80 corript a'tre, and wero thereforo no whit disuppotrted When wo learned on_ yesterday that tha tirza Laat fadlod and that tho intorests of the State wery fneoprdy, Thut it was a good fuko, thut of uskduy ligliam 'go to tho roscio, Like bl patron suint, Xewin, ho 1 68 unfit for any truss involving the use of sound'eenao as it nstally falls o tho lot of ien to hos come, Wo truat, howavey, that ho mn{dlsnp ofnt thy Fonsonablooxpectationn of Uioss who know- ki best, nd o fomathing for tho bonoft of the Stato, But vchat Is tho ¢ feopardy" of whick the Trcasuror bag ecelved such significant Yaming? Can it bo fliat Towlu' pote hiavo hypothocatod tho bonds of the Btato and sunk tho procaeds in stock gunbling 7 Thia scomn to us {0 Lo a roasonablo aupposition, aud it WOl nal uxprise s 10 4he Toast o hewe that i 18 tha trug ang, Weanwhilo we will dismlss the subject, 0 wyaty further dovelopments, ELASTIO OURRENCY, T the Kdltor of The Chicayo Tvidune fim : Buppose it to bo provided Ly law that any bond of the Unlted Sates way be, at any tiuo, at tho option of thq Lolior, u4 any United Statos Dopository, con vertiblg {po currcucy ut par ; and that currency be, ab any #uuo, ot tho option of o holer, atany United Blatos Dopository, couvertible Into bonds at par,— ‘bonds of o new issno, bearing interest at such rote an would sustain them ot par in gold, which rato wo will ssauma to bo G per cent, o Liypothosts s withiout limitatins, aud ostendy to all {ssues of tho Governmont the satwo privilegos, What would bo tho consgquences of such legislation? Thore arg seagony in overy year when monoy—our. Tonoy=-ncounulatos i coutres, nud is worth, fox %pgiits nte buiuess-uscs, ot mora than 3 to & per cent; and thero are other scusons when it {3 “yorth, for ltko uner, frow 10 to 95 per cont, LW xaine of tho onr- Tenoy, measured by tho Tates of intercst businese-men will pay for it, Suctuatey, Uka the values of sl {hings elio, according ta e Talative supply and demaud at difforent peslods sud, us ono of theag elemonts—tio supply~-J3 & fixed quantity, the rolativo valuo s cons slaatly cheuging as tho demayd varles, by vibrations * alincst a4 regular us tho precesston of tho equinoxes, "iho oxponcnt of the yatlo of supply to demand af any given tiwe fa tho rate of nforest crreucy will communud at that Lo, Chis oxpovent 3 conituntly rlvivg ol follibg Tenco wo bave “easy" und {6 hurd ¥ timon, G 31 10 poopls kmew (a4 thuy cont, nt uny tvoe they might- elect, convypl ‘tholr, eurreney into i United utea hond & pae\ibiol Soud wa Yavo anpunied fo Lo ng gdoit s gotd;—(hoy wonld, sn Timen ko tove, i {0 Hmes endling loss doudly Qi (o ery for eurs ranoy to-tlay, convest thelrbonds'ub onco hito groens bicke, g Hudter Wit partloilie o oy wight _hotd, ' \WHE 4L Us st (hnt 10 miun holibing & 8:20 Lo, whith 18 wopthi 12 yor” cout premtum (i currency) day, would convest f Lnto eurvonav ab par? It it tho samo currency eould, the noxéminute, or whenavot 4t plossod the holdor, bo exchanged for & now bond at ik 00d a8 tho 5-20, then the 6-20 hond wonld no} onger bo worlh 13 por cant yromitim or sty proiniun It might b, though not probable, that soma of the old; Boudy would continnato_ command o small promiun, But {uo now binds and gold and tle ourroucy would all Lo Oligs ol B Por, aud thoro continuo, Wo should bo Lack 16 apoc Je-payments willout a nod, diaimuch 18 vg had lifted our curronoy to a specie-vilio by making ¥ convortiblo inton bond b par, whioh would Xitrope nnd ot Lomo for lis faco 1 gold, Iothoro nny foae Uty with ‘Wicso irivleges, oue recnbacks would all nt onco bo funded into_the now, onds, and so diminlsh our currency one-balf, aud {n~ oreano (ho intorcat-bearing dubt? If curroncy oF monoy 18 worll o mora thit 6 por cent, tho groona back would bo o funded, But, when monoy is worlhx from 10 o 100 per cont, ss it fa. o—!]uly, tha converslow swould bo tho othor way, Douds—tho presont fsstos of bonis—would Lo converted Into groeubacks by ‘mililons, probably by Luudreds of millions, for o tiney bl (b great coll Tor oursoncy Lind heoh answored Would this bo fnflation? NoLatall. Fvorybody says thoro 18 not curroncy onowgh and avorybody foat “1uilation,” Tor ovory additional dollnr {n’ groonbagka Tot out, thoro would bo a doflar in bonds (aken i, This procous of excnnnsun bonds for_groenbacks would go' on untji the propio 118 all tho cirrauvy thoy wauteths Whien thoy liad cnongl, thoy would sto thio oxchnnge. ‘There would bo no danger of o doprociation of tho cure Touoy by renson of an ovor-fsato; for it would alwaya bo convortiblo' into bonds at e Hint would bo at s m witl gold. ‘Thiero noed bo 110_ limitation, Tho e would Lo self-regulating, _ Who would suffer by it 7 Would tlio Govorument7 Ita dobt would not bo ine crcased. On tho coutrury, 1t would bo diminfehed by intereat maveid 0 corlain portion of tho year, Would tho plo suffer? If tho people would rather huve ondntorest-bearing uotes tinu Louds, why not ‘et thor havethom? 1€ thoy ro moro valublo as moniew t0 carry on tho bustueasof tlio country, then tho peoply oto tho gainors, Bo, bolh Governmicol and peopls Tiayo galned by the cxchange. ‘Whon “the crops havo been moyed,” whon the Licavy buslucss of tho year hua been dond, aud._{hera come# o soaon Whien uot se much curroucy Ia needod, and, by reason of {ho small amount comparod with ild nbundance, ita valie falla below 6 por cont por atnum, then the Currcucy will boas quickly put back int bouds, and thore will romain at iutorest until tho perie. odleal'demands of commerco call it out sgatn, .. Ouo blessed result of tuls convertibility would be thia: Tho people fn the variona soctions of the couns iry would koop thelr monoy at home, where it would, 15 avadlablo i ime of nieod. An it 18 now, When sume mior comea ou and thoro e nol fmmediald uso for & the monoy in the conniry, (ho country bauka son: {helr deporits to the cities, and they forward to Nows York, Why? Decauso they can got from 3 (o5 per cont’ interost on ol balincos, Tho New York bLonks con losu out, -snd, a8 thog pay. dotorcst, they mut lowh b’ out - t% Btock-brokeraat & protit. 8o, il tho conntry, for sova oral month in tho yeor, polien 13 surplua’currouy nto Wall l\m‘l.fl\\d ‘supplics tho moans for thoso recks, Tosu venturos which keep tho wholo countrv in cons tinual fover, and regult in panics, snd threaten ruin, Maka it possible for country banks and nll others, ind 1ha plothiorio scason, 10 put tuelr Jdle curroncy luto & por out bonds ut par for us long s hey will, with the privilego of taking it out agnin whenover their dfliWfl- tors want it, aud it will no longor ha saut hoyond the contral of 1{s ovmors, Citrreucy in much times Would gointo tho United States Deposltories, and bondd Sould go dnto the vaultsat bowe. When curroney ‘was wantod ngain, our Lankers, justond of bolng dew endont on New York, would taka thelr bonds to the eposltory. | With sach 5 solf-adjusting system, wonld panica, snd erises, and “ruing,” oud suspensions bo porsible §. O110A0, Bopt. 29, 1673, UALOL GATTES, S s QP S PERSONAL. Atzxaxonis Tgyph, Bopt, 30.—Sic Bamuol Daker St e 1ng o Bnginad, : ‘Wasurnatoy, Sopt, 30,~8ccrotory Fish bas returned® {o to clly, aud'o-duy Lad s utorviow it tho Pres= ent, Dadutroy, Sopt. 30.—Josophi” Arcl, Labor Roform zfilu;(\:rnnd foader in Great Beitain, 'will bo here om 0 Iat. FLANNELS. FLANNELS! Special attractions in this De« partment in prices and in the qualities of the -goods offered. White and Colored Blankets i all sizes and weights; Crib Blankets; full-width Sheeting Flonnels; ‘‘Amana” Flannels, twilled, plain, and fancy, white and colored; full lines of * Bal. lardvale” and “Gilberts” Flans nels; Opera Flannels; Navy Blue Suiting Flannels; Heavy, Twilled Flannels; Shirting Flannels of all kinds; extra heavy and fine grades of Sha« ker Flannels; White and Cols ored French Plaid Flannelsj Embroidered Flannels; Hea.vys Shaker Domet, and Eng. and Am, Canton Flannels, with al¥ grades of Domestic Goods, ale weys in full supply. Chas.-Gessage fié%’a @00 7 ; 108, 108, 110 State-st.,, 60 & 62 Washington-st, e . — WILSON SEWING MACHINE. VIENNA PREMIUMS. THE WILSON SHUTTLE SEWING DIACHINES REOEIVED THE GRAND PRIZE MEDAIL And Moedal of Honor FOR THR Best Sowing Machize, THE BEST MADE SEWING MACHINES, AND THRER L E Co-Operative Medals FOR The Best Made Set of Harness, The Best Meade Side Saddle, The Jest Boot and Shoe Work, And the Best Samples of Cloth Howing. No othor Sewing Machines recoived Pro- mims on their Morits, which we will prove by ovidence at our Ofilee, and that all reporse relating to tho contrary nro false, Moohines 80l on Easy Monthly Peymants, SALESROOM: 197 STATEST. 2 378 WEST HADESON-ST., OEITC.A.QO, e e REMOVAL. SPRSTPREE PP .. Lot d Lo e RO o havo drahdad (hat (il o for v Antermt A e oy 1 W ommivabai. Hiatko, and bl iy, n A A1 Oot 1, ooonwr 4 180 SOUWE Shall o vl utoro during Lo by s whall