Chicago Daily Tribune Newspaper, October 14, 1873, Page 1

e Chicage Daily TPibnume, VOLUME - 27. CHICAGO, TUESDAY, OCTOBER 14, 1873. NUMBER 54. FINANOCIAL, REMOVALI TELE: STATESAVINGS INSTITUTION | HAS REMOVED To Its New Building, ON THE OLD SITH, 80 & 82 LaSalle-st., Directly west of the 01d Court House. Barclay Voorhies &Co. BANKERS, 80 WASHINGTON-ST., Solicit the Doposit Accounts of Merchants, Bankers, and others, and offer the most liberal induce- ments consistent with sound bank- ing. Pay Interest on Time Deposits. Make transfers of money by tele- graph on New York and Boston. HATCHEFOOTE, BANKERS, No. 12 Wall-st,, New York. ‘We make Government Bonds and Gold a specialty, buying and selling at the market. Orders executed in Stocks and Bonds, on Commission, for Cash. Interest Allowed on Deposits. - - FOURTH NATIONAL BANK, N.E. Cor. Clark and Washington-sts. CHICAGO. BINY. V. PAGE, Pres. F, 0. TAYLOT, Vico-Pres, . Ve PAGE Fettimalin: Cammion, 7 DIREGTORS ¢ lato V.-P. Hizxny R. PAvaow, auk, M, D. Oaey, Ogden, Shel. % O, Tavion, don & Ca., W, . BovTon, Pros. Union GEONGE TATion, Exlity oandry Works, ‘Cowptrolior, The accounts of banks, bankers, morchants, and mang. fagturers solicited. v ‘orolgn exchango at lowest ratos. LITHOGRAPHS. EXPOSITION Building Lithographed, two colors, Black and Tint; Sizo of Bheot, 33 by 28 inches; Liength of Drawing, 20 inches. FPrice, 36 sents. Usual discounts to the trade. Orders Hlled to all parts of the countr nromptly. Orders may be sent through uny . -‘20go Booksellers, Publishing Housea or News ;xeumcu for One Dogen to One Thousand ozen. UNION LITHOGRAPH (0., Nos. 1,3, 5, 7, snd © Michigan-av., Ohicago, Only tho very large sales enable us to fur- ;!:‘h 80 flne & Picture of the Size atso Low co. DRESS GOODS. West Madison and Peoria-ste, Interesting Pricess DRESSGOODS SIT. IS, Good oolored Alpacas, nowost fall shodes, ot 25 ots, o yard, worth 38 ots. ‘Golored Foplin Alpaons, 40 ats., worth 80. oo 1ino of Sorgos, oholoo now shades, at 37, 40, and 50 ofs, All-Wool Sorges dnd Disgopals, latent a)l:"ag‘o‘a, at 20 to 35 ota, a yard below regular pfigod All-Wool Bmpross Cloths, 50 ots. a yard, 7 Fine All-Wool Oashmeres at 50 ots,, worth 85 ois,, o groat bm-inin. A lot of gonuine Lyons Roll Popling, $1.36 quality, for 76 ots, ayard, Spooial Bargains in French Merinos, A good Blaok Alpaca at 35 ots. o yard. Blaok Alpacag at 46 and 50 ots., usual 80 and 65 oont qualities, 0 largost nnd ohenpest stook of Blaok O e 8 e and moat desirable Mou Fabrics in large assortmont. GREAT BARGAINS IN BL'K SILKS, Bk Gros Grains at $1.10, $1.15, $1.25, $1.40, $1.50, $1.80, $1.75, !1.'85, $2.00, an .35, much under value. Bl'k Dug) d’Lyons at $1.35, $1.80, $2.00, $2.35, $2.50, $2.75, $3.00, and $3.60. Bk Onshmore de Hoie at $3.00, $2.35, $2.60, G. Bk X A 0] $3.00, $3.60, $4.00, 3,00, and $2.25, o Fan d $5.00. Gron ¥ Rhinba 6t $1.00, $1,80; $1.75, Fanoy Bilks ot great’ roductions, to olose out. The choapest B’k Trimming Velvets in 2.75, $3.00, S A R T e Al bnfu( ;yons Oloak Veivota at $10.50--a ‘bargat - HATS. GENTS’ Dress & Busness HATS. YOUTHS ANDBOYS FALL STYLES, ALL VARIETIES, 1. A SMITH & €0, 161 State-st., Sign of GOLDEN LION and HAT, MUSICAL. HATS SEVENTY-FIVE first proml ard od for BEST PIANOS, . " s 20,000 hava bosn. manufaotared and are) now in USK, Franz Liszt, fimt of Jiviog Plantats, sizait T varlaty of of rith tha Plano and Organ Wareroonie of W. W. KIMBALL, STATE AND ADAMS-STR, A lares auortment of naw Planos and O “"Paction wiahing to pay by fnstallments Rrilos winh natallments on o segmmodateds Lo o) % CHINA AND GLASSWARE, ONTAG & STAUDINGER, R T e FRENCH CHINA, -Gtlassware & Fancy Goods, DISSOLUTION NOTICES. DISSOLUTION. The Copartuership horatofora existing hotwoen the us- dersigaod undur the firm name of ELMENDORE & LYBRAND fs this day dlssolved by mutual consent. ELMENDORE, LYURAND, Chioago, Oat, 18, 1673, ‘Tho undorsigued, suocessors to ELMENDORF & LY- 'BRAND, undos the firm name of ELMENDORE & CO. AT REDUOED PRIOES, ¥o. 160 STATE-ST., opposite Palmer House, Al ENCRACEN COMMISSION MERCHANTS. sallclt a continuance of tho gonerous patronago of the Iato firm. ‘With tnoroasad facllitios wo aro amply prepared to tran- saot business entrustod to us, and give 1t ‘prompt sttene tlon and dispateh, S MBNE AR o0! F. ¥. ELMINDORE, BLIPIALET NOTT! Q. 13, 1873, DISSOLUTION. Tho copartnorship horstofors existing botWoen tho un- dorsigned, under tho namo of Piorco & Browor, is this Qay dissolvad, R. PARKRR PIEROE, Chicago, Oct. 13, 1673, OHAS. I, BROWER. DISSOLUTION. ‘The oopartnership herotofors oxist! botwaon the un- Pkt Ly iy this day dissolvad by mutual consomt. . Th W. Priokot, suooonds o tha busie pons and good will oF thé i, aud '’ aaiborizod o col: tand pay tho debts of tho {trm. Dey GKORAR W. PRICKETT, Chlcago, Oot. 11, 1873, ANDREW DRYSDALL. DISSOLUTION. Know all mon by these presonta that tho copartnorshi ‘otwoon Honry Hochatots and Louts ftodang, doing puste noks under thoflrm namoandstylo of Boohstaln & Rodang, &t No. 199 8ooond-sty at Ohioago, 1il., from this day * dissalvod, and that ionry Boohsteip, "tn bis own namo, 2 8 bis own account, pren this business; y Huohatein awsuming |l Jlabilities duo by and coining o o said fina of Lochstoln & Rodang, far 1. Bro) Lol RODANG. Tor! Datod at Chien, Oct. 6, A. POLITIOAL. "PEOFLE'S PARTY, A meeting of the Oampaign Committas, ap- - potntod et the Maws Bioniing o b s bury Hull on tho 4th inste, will be holdas Headquarters, No. 308 Handolphetty, boe twoen Wolls and I'ranklin-ats., to-day, Puos day, Oot, 14, at 2 o'lock p. m.” By ordor of izl CoMMITTRD, LAKE NAVIGATION, - GOODRICIS STEAMERS For Racluo, Milwaukoo, Shoboygan, oto., datly, Sunds; copted, B &, m, Hatnrday Jxe A o etz e By i S P ¥or, Grand Havon, Grand Rapids, Muskogon, eto., trl+ Bt. dosenh, daily, Bundsys xeoptod, 10a. o e Toak ottt lonve bty 1t oy o 108 . Bat Groon Bay Portr, Mondsy, Wednoulny, F Mit'.': B Blouday's aud Wednnadary tnd b 3 COMMISSION MERCHANTS, Denlors in SACKETT'S, BELL AND g é‘LE. and other branda of o Cranberries. 201 South Water-st. FOR SALE. CHESS, CHECKERS, Dominoes, and Dice, AT WHOLESALE AND RETALL, AT CULVER, PAGE, HOYNE & CO0.5, 118 & 120 Monroe-st. CONSUMERS will fid 1t profitable to got our prises boforo ordering olrowhero, . MINDLE & JENRING, Wholonle snd Retail Staffoners, Printers, ‘aud Blank DBook_Manafsoturers, 166 Olark-st. GENERAL NOTICES, LUNCHES BY TAE LADIES OF THE Union Park Congregational Churel, ‘WILLBE CONTINUED Monday, Tuesday, and Wednesday, At 172 Madison-st., near LaSallo, l'.‘nlmlb_u_lv,flq. Union National Bank. - C1150400, Bopt, 80, 1878, IN LIQUIDATION.—Notice {s herol ivon that the Unlon, hqnlannl ‘Hank of Chicago has, r'?!“ln alliruative vote uf Its sbareholders, owning more than two-thirds of 1ts wtook, h:‘in'vllnfld in Ilm}ldlllnn. undor the provisiuns of Soation 45 of the National Currenoy Aot. T ol austes, aad othior oredjiors, are patlfied iy pru o against tho Aus for paymont tho notes and otler Elatimy aga 0~ oo, 18, Uashier. MEETINGS, Attontion, 8ir Knights, Bpectal , No. 1, K. T, ol 20 o Cauttoaualy taviiods By grdst agy DEEnEE B, 1, W, LOOKE, Revordor. CARSON, PIRIE & 10 FINANCIAL NEWS. The Union National Bank to Re- sume Business This Morning, Mr. Coolbaugh's Reply to the Bank Presidents. The Resumption of the Cincinnati Banks Causes No Ex- oitement, +. Partial Dissolution of the Injunction Locking Up Michigan South- ern Stock, v What Now York Financiors Have to Say to Prosident Grant’s Intentions. The Iron-Workers in Philadelphia Pre- pared to Resist a Redugtion of Wages. THH UNION NATIONAL. At a meoting of the Directors of tho Union Nationsl Dank, held yostorday, it was unonis mously resolved to resumo business as usual at 10 oclock this morning. Theo following reply to tho communication of the Bank Presidents, published in Tus Triponz of yestorday, was unanimously adopted : UNI08 NATIONAL DANK, CiiIcAau, Oct, 13, President Commercial National w and others : GENTLEMEN: Wo ocknowledge with profonnd thsuks your friondly communication of tho 10th inst., suggesting that tho Union National Bank should ro- open its doors and resumo business st once, You are pleassd fo oxpress your conlinued cone fidonco in tho solvemcy of this institution, Wo beg to assure you that sich confidencois not misplaced, With tho assent of the Comptroller of tho Ourrency, and by voto of tho Diroctors at a meoting Leld this day, it was unanimously resolved to reopen tho Unfon Nationsl Bank on Tuceday, the 14th inst. Thanking you cordlally for your expressions of good will and eateem, wo remain, etc, By order of the Board of Directors, ‘Wirriax F, Coorpavon, President, Mr. Coolbaugh received tolegrams from tho Comptrollor of the Curroncy, stating that the vote of liquidation adopted by the bank was il- legal, snd hence the bank was froo to resumo business s if nothing bad happencd. 1t i proper to state that the informality con- sisted in tho fact that, when tho voto was takon to go into voluntary liquidation, some of tho stook was voted by proxy, whoreas the law ro- quirea that, In suoh cases, tho voting shall bo by tho stockhoiders in person. This provision of the law had been overlooked st tho time tho ac- tion was taken. —— OINOINNATI. Speetal Dispatch to The Chicago Tribune. CixernsaTi, Oct. 18,—The wisdom of the de- tormination of the banks of this oity, on Satur- day, to rosumo full curroncy psyments, has bean vindicated by their experienco to-dny. At near- ly all of the bauks there was s gain in currenoy, and the busiess worked with unexpeoted smoothnoss, Thore wore voluntanly rotirod 8150,000 of Olearing-House cortificates. The checking to-day was comparattvely light, and the deposlts of currency liberal. genorally discounting, but some of thom took a little papor of dopositora at 9@10 por cent to- doy. OQutalda of the banks there has boen little dano during the woek, but thera wore some no- gotintions of primo business papor at 13§ por cent per month, It is not oxpeoted that the money market will be other than stringent for some timo to como. INTERVIEWS WITH DANKERS. A roportor who intorviowed the bankors this aftornoon heard sufficiont to indicate a fooling of unlimited confidence and such_nn absence of foverish anxioty on tho part of depositors that bankers said they wero not paying out as muoh a8 undor the old regime. This information was firat recoived from William White, Cashier of tho Fourth National Bsnk, who, in reply to tho roporter's inguiry s to how rosumption progressed, after the long rest through cortified cartificatos, sald : “ThoFourth Natioual is working slong fincly, We are not payingout as much ourrency a8 beforo tho panic, and depositors are largely in excoss of those do- manding cash for cheeks.” ‘With this favorablo note to commonce. with, tho roprevontative noxtatopped in Beasongood, Nnt&nr& Co.'s. The following conversation en- sued: t Reporter—'* Hps tho action of the Cloarin, House on Baturday been followed by oxtraordl- calls for cagh?"" . Bensongood—"No ; our business Is quict. Nothing unusual is manifested by those wha hevo monoy ou doposit. Our depositors this morning aro in excess of the holdors of chooks. Tho bavks will bo a_littlo roserved in loaning monoy, for thoso whom they have accommo- datod during tho stringency will perhaps find it dificult to nogotiata loans, but this will bo remodied in a fow days.” Mr, Scnsongood added that that there was no uneasiness, and that the aituation could not b more favorable. The Third National Bank was next called upon for its roport, which was to this offect: * Qur busincss 16 fino, and doposits up to now aro throo to one in oxcess of thoso waniing curronoy. One mmlmmb wholesalo houso placod on doposit i8 morning £30,000 in currenoy.” Mr. Yorguson, Onsbior of the Merohanta’' Na- tlonal, ands « Evorything 8 quiot, with the beat of signs for restored confidence,” A call upon Mr, Iisgy of Eapy, Holdolbach & Co., rosulted in ascertaining from that gontlo- man a confirmation of what had been obtainod from other bankers, Tho depositors, aa at othor Hlmcu, wero in excoes of check-holdors, and tho lamnand for currency was not as large as in or- dinary timos. Tno Tirst and Socond Natlonal Banks had nothing out of the usual ordor to rolato, ~ Thoir resumption was' - followed 1& tho ‘warmest confldonco on part of depositors, with uo calls for our~ ronoy that could in tho least be regarded as more than oru.lnnri domanda, . Mr. Larkin, of Larkin, Wright & Co,, uald everything was working smoothly, Mr. Nettle- ton, of Nottloton & Co., roplied to the reporter: “Thero in no troubls at all.” Tho Franklin and Lafayotto Danks hod the asme good naws to im- art, B (70 the Assoctated Press.] O1NoINNATY, Oct. 18,—~Thia has boon the most notablo day, financially, that tho clty has wit- nosged ainco the aotion of the bauks and the bankors suspending curroncy paymonts, save 8 to limited sums, in the disorotion of tho banks. “'he desira to know whon this embargo on the commerco of the city was to bo romoved has in- oroased from day today, Though thoro bas been, as far as possible, an adaptation to tho peouliar_cireumstances, ‘still tho pinch on the morcantile clnssos hing incronsed in utonsity as the duration of tho susponsion lengthencd, “The merchauts of the city bave ondured tho priva- tious with groat heroism, and gonerully without complalut, - Choy mainly havo accopted the sft- uation as the best that could be onjoyed undor tho oiroumstances, but thore was still groat suxioty to have a day fixed for GENEBAT: RUSUMPTION, and whon the announcomont was iude that the Qlenring-Ilouso Assocation, at its mcoting on Baturday evening, had dotorminod on full snd comploto cusrency resumption, it “was reooived with tho greatest satistaction. The moero whis- porlug on ‘Obango Baturday that tho Aesociation was to hold an iinportant mocting at the close of the day, was ocoustrued into a hopoful Tho bauks are not ' indieation, ana gave a tono to the gonoral mnrkets that was in improvoment ovor proooding days. While thoro was grent con- fidonco in tho splvenoyof our banks, thoro wag much intorost folt to seo what dovelopmentd would bo made during tho earlior hours of the oponing-day., At tho usual hour this moming overy bank and banker in the Clearing-Tlouso Asgociation, twonty-ono in number, commonced ull and unsquivocal rosumption. THERE WAS NO EXOITEMENT, thero waa nothing about the apponranco of tho bank that indionted o run; the businoss of tho fln‘r commenced-and continued to the close with » dogroo of quict that was romarkablo, So far as {8 known, thcre was not an anxions dopositor prosentod himself at tho bonks. Tho amount drawn by dopositora was probnbiy less than usual on Monday, Cortainly it did not ox- coed tho usual r:i)mnnde of the average busi- noss day of tho week. hile thia was truoe, tho doposlts of currency wore lboral and boyond the oxpeotation of the banks. Tho Inrgost numbor of {ho bankers roport that they recoived mora ourronoy thaa they paid out. Ono of tho National Banks recoivedin curroncy $100,- 000 moro than thoy wero called on to pay. e snbisfactory results of tho forenoon puf A NEW FAOS ON TILE MEROUANTS who nssombled on "Change. Tho attondance was larger than it had boen for doys, and ovory per- son seomod be oncouraged. Tho gon- eral markots woro improved in_ tone, and tho improssion provailed that we hind en- tored fally upon the work of recnperation, and that rostoration would proceed with rapidity, At the closo of banking bours all ackuowlodgod that tho succass of tho firat day of curronoy ro- sumption had boon comploto. TIE LOAN-OERTIFICATES, Of 8462,000 iu Oloaring-Houso certificates, £165,000 wero cancoled to-day, lonving less than' 2800,000 of cortiflcates unredoemed. Ot tho Iattor amount, under tho tion of the QCloaring-Houss, 25 por cont will bo redeomed to-morrow. - and 25 por cont each weel thereaftor, for tho purpose of equitably distributing the cortificatos. It wag docided on Saturday that the banks should hold thom until rotiroment in ,proportion to the businoss . done by thom respectively within o dofinito poriod thorein named. ———— - - NEW YORK, Special Dispatch to The Chicago Tribune. TIHE INJUNGTION AGAINGT BALES OF STOCK. New Yonw, Oct. 18,—Judgo Blatchford ron- dored, todsy, in tho United Siates District Court, the following docision in tho caso of QGoorge Bird. Grinnell & Co., modifying tho in~ nnction obtained by Henry Myors, restraining lnko Bros. & Co. from disposing of certaw bonds and stocke : Y In this mattar on motion of Blako Bros, & Co,, fet an ordor be entered modifying tho injunction, 50 aa to ollow them to sell, nccording to the method of tho Now York Btock Exchange, all stocks and bonds ro- malning fu tholr hands, spocifyiog tho gomo, mens tloned in tho ofdavit of . 0. Olcott 53 having been deposited ' with Dlako Dros. & do. Georgo Bird Grinnoll & Co, a8 collatera! socurity, ond to use ho prococds aa 3 thoy were thelr own moncys, subject, howover, aud rocclving tho right aud powor of Uila Court. fn caso an ‘adjudication in bankruptcy and_subsequent procoeds Tngs, thorson. to’ saceriais, and liquidato Uona. and ‘Bpecific clsima which have beon or may be sot up by Blake Broa, & 00, in respect to all or any of eald stocks and bouds, or of the pracceds of tho samo, bad to munege ‘aud disposo of much prosceds, and roserving the right to any Assignee u banke rupiey who may bo appointed berein to question Dy sult or othierwise tho valldity of the' pledgo of eecuritios depoaited with llako Bros, & Co, by Goorgo Bird Grinnell & Co,, on Bopt, 10, 1875, name- 1y: 000 ehares of tho capital stook of the Union Raile way Company, 400 shores of the common capltal stock of tho Ohlcagd & Northwoestorn Tallway Company, and 10,000 aiares regiatored Lake Bhoro & ALichigin Houthi ‘ern Ilailway Company’s sinkiug-fund bonds: and t! yolldity of the led%: of 30,000 of the last describe bonds doposited with Blako Broa, & Co. by Georgo Dird_Grinnell & Co. on Sopt. 20, 1873, and Toserving e e tho right of such Assignce {0 questlon, in lko emner, tho vight "o Blake Bros. do. to hold the surplus securities given on ono Tosn for a deficienc on ey otier loan, and rescrviy tho right to auoh Assigned to compel Blako Bros, Co. {o account o him in respoct o the disposition and appliation of tho proceads of all ueouritics doporited with Blake Brod, & Co,, a5 montioned in_#aid amdavit of Olcott, whether such_soouritics bavo beon alrcads’ 801d or afo yot unsoid, This modification to bo mub- fos ot condition st Biske Brou, & Go, skall, Bl this Court, within two days sitor tho futuro salo of sny of sald scouritics, b sworn - stato- ment of tho particulara of tho samo, A pro- vislon must Do lnsorted, in order that nothing contained in 1t shall bo conbtrainod 0s direction of thio Court for the samo securities within moaning of Sec, 22 of the Bankruptcy acty or otherwiso as fmply- ing oy ancent by Georgo Blrd Grinnell & 00, to the Balo, no for ae_such assont” Svan or s necesnary under tho terms of 1o contructs of Dledge, Tula order il bo_ settlod on Dotico {o debtors and potitioning creditors. : DANERUPTOY rnnozwgms AGAINET RENYON 00X co, William L. Bcott, of Erle, Ponn., bas flled in tho Unitod States Distriot Court o potition ask- ing that Daniel Drow, Kenyon Cox, William H. Hutchinson, and Horaco Manuel, doing business under the firm nomo of Konyon Cox & Co., bo adjudicatea baukrupt. The petitioner alleges that the firm owo potitioner 618,860 for balance of money on doposit with the firm of Konyon Cox and Co., and it is in substanco as follows: The firm did, on Sopt, 13, 1673, suspond payment of ita commercial paper, and’ did not resumo payment theroof for a poriod of fourtson daye, On Supt, 10, 1873, the firm did fraudulently suspend paymont of a draft drawn by politioners upon Kenyon Cox & Co., and payable t0 the arder of J, E, Caldwell & o, for 427,075, On Sept, 18, 1673, pafd Brm, belug_bankers, utopped payment of & draft drawn by M. II, Taylor, Trosaurer of the Canada Southorn Rallwey Company, dntod July 14, 1873, for $8,084, and accoptod by Kon- yon Gox & O, on ly 14, 1415, aniel Drow did, 0 potitionor 18 informed sod bo- lioves, in contemplation of ~bankrupicy ot insolvoncy, otecute and-deliver four cortain mortgages for $70,000 each, one o Louisa R. Rdoy, ono to Qeorgi- an Everott, ono to Josephino Cozzons, and or.e. to Autoinotte Gozzens, all such morigages boing psyablo on demand, being upon real estatoln this eity, - Tho ‘morigages specified were given with tho intent fo give ‘preferonco to mortgagoes, and with intent by such ln- cumbrance of his property o defraud his creditor and defest the operation of the Bankruptey act, Upon this petition Judge Blatchford granted en order, roturnable on Baturday, requining tho firm of Kenyon Cox & 0o, to show causo why it should not be adjudicated bankrupt. THE BTOCK MARKET. There was & fllond{ndauljne in pricos, with an occasional roaotion in tocks from the opening of tho Exchanga to its closo. Aluch uneasiness was oconsloned by this unexpocted and discours sging chango in the market, it having boen bo- leved that, a8 prices had touchod bottom, thoy would rise_to their former height and remain | there, without much variation, permanontly, thowby onabling sufferers who were carrying stocks” ot high figures to uunload ab eaving. figures, Approhonsions are oxprossed that,. it the decline contiuucs, serious results will ensno, Already tho failuro of one small house, P. II. Btovons, has been announced. Ono theory ad- vanced 8 the cause of the dopression was that, owing o modiflostion by Judge Blatohford of tho Grinnell injunctionaa related to Blako Bros., bankers, who had loaned money to Grin- noll & Co, on Liake Bhore, & larga quantiy of _tho stock had boen thrown on the market for -Fonlization, and, the price declining, bad brought down tho reat of the list, Another theory was that the Grinnoll injunction, which temporarily tiod up u large quantity of Western Union and Lake Bhore, might be invalidated at any mo- ment, and tho reault would bo a provipitation of Jow sbock upon the market and low prices, Tho bavksuptoy r]dvrmndlngs against Kenyon Cox & Qo, ara rogardod with some apprebension, bué thia in betlevod to be without good ground, for Daniel Drow is oul{ » special Enrtnnr, and, con- soqunantly, hois only respousible for the face of Lis investimont. A RUMOR, A rumor was ourrent that Booratary Richard- gon had eithor resignod or beon requestod to do 80, his suocessor being the Hon. Columbus Do~ lano, The rumors wero based upon roports of an_interviow at Woshington botwoon th ropro- sontative of tho Assooiatod Pross and the Prosi- dont, whoroin tho latter bad oxprossod viows ad- vorso to thoso of tho Becratary, The rumor is bolleved to be untrue, BTOCK QUOTATIONS, Yiake Bhoro declined from 093¢ to 65, ratliod t0 8, and elosed 655 ; Wostorn Union dvanood from' 61 to 035, foll to 603, Toua to 0134, and closod at 58 ; New Yok Contral advancod from 905 to 01, and atoppod at 88Y ; Harlom deolined from 112 to 100; St. Paul Gommon, 815 to 40341 Northwest Common, 423¢ to 404 ; WWnbash, 4135 10 429¢ ; Pacifio Mail, 863 to 813, T'ho romuine dor of tho list declind from 3¢ 1034 por conte GLEENDAGKS aro atill coming this way, aud the prominm rules from 3{ to 3¢ por cont, - 'Who ruto of disvount is betwoon 12 sud 24 por cont. doLp 8 active and strong, the prico at the oponing bolny 10836, advanoing to 10834, and closing at 10836, * T'he most ohoorful sign of tho day was the TRESUMPTION of tho National Trust Company, Tho officers of ithe fuslitution aro sanguine. [ ‘Tho Olearing-Flouse Committeo appointed, on application of Prosidant Ellis, of tho Bank of tho lommonswonlth, to invostigate the condition of that ostablishmont, wilh a viow to a refutation of tho statomonts of Recolver Bailoy, roported i)til]rly fully eustaining tho ohargesvof BIIr. 03 Tho flonr henvy. Old oxtras are DBEADSTTFTS. puerkot vng oxsoodingly dull and family wintor wheat and spring in reduced supply and_ firmly lold. Good suporfine stendy and fairly sotivo. At the closo tho ~ market wan lowor for low and modium grades. Little chango In tho valuo of whost, but tho unfavorablo nows from Europe and liberal arrivals givo buyera an advantago. Tho only fonturo of the market to- doy isnmors nctivo domond for commorcinl storling, Tho market olosed with a demand chiofly for oxport. FREIGHTS. The market for freights was falxly aotive, but ratos wore not matorinlly changoed, though tonding in shippers’ favor. tho chartor- ing line thoro was o modorate demand for vessols suitablo to tho graln trade at provious ratos. (7% the Aasoctated Press.) New Yong, Oot. 13.—Paporas wore sorved to- day in tho suit of William Beott, ot Erie, Pa., luinhmt Konyon E)Cnx & Qo, This suit i intond- ol to rostrain Daniol Drow, who 18 a spacial partnor fn tha firm, from disposing of his prop- erty, which, it fa alloged, ho ia doing in order to oacapo his labilities fu connection with the Oan-~ odn Southern Rallroad bonds, which wero said to causo tho fuiluroe of Xonyon Cox & Co. . Tho National Trust Company resumed busi- ‘moss to-day, paying ita dopositors in cortified chooks on the Central National Bank, which is thelr Clearing-Houso. Tho bank of the Union Trust Company has not yol begun to pay ita dopositors, Judge Blatchford to-dny modificd the injune- - Hon gufliclently to pormit Blake Bros. & Co. to goll the socurities hold for monoy loaned to G. Bird Grinnoll & Co. This decision may throw on tho markot 10,000 rogiatered Lako Bhore & Michigan Southern sinking fund bonds, The fujunction waa modifiod on condition that Binke Broa. & Co, filo & aworn statomontof thoir sanles in the Clork's oflico of the United States Distriet Court in blxnkmgtoy, to nwalt such nc- tion ns an Assignoo in baulirupicy may tako, providing such Assigneo bo flugn!ntud to collact aud distributo tho assota of Grinnell & Oo. ‘Londing housen in the piano trado to-day dony nny futention of raducing wagos. A fow of tho smnllor houses have ceasod oporations for a ahort timo owing to ioability at present of mak- ing collections. TP WALL STREET FINANCIERS ON THE IRESI- DENT'S VIEW OF TILE PANIO, . Wall stroet bank officors ridiculo Prosident Grant's views on the rocont panic, Roferring to tho Inttor's statomont that silver s on & par with currency, thoy dony it, sud eay there s n differonco of from two four por cont, and that - B0 _far as the country boing able to absorb botween §200,000,~ 000 and £300,000,000, it would probably uso no more than 40,000,000, the prosont amount of fractional currency in circulation, Silver is dobused coin, and 8 mnot logal-tender far ‘moro than $5, and when on & specio basia i re- garded ns something of a nuisance, Thoy call attention to tno President's wishos for the ro- sumption of specie {“nymnnt ond agk how ho can roconcilo such a wish willi the projected sction mmmmaudlurt\mimuo of the §4,000,000 reserve which itmmodintoly starts tho country upon a now ora of inflation. ‘Thoy characterizo his schome for o Post-Oflico Bank as impracticablo. Whilo o recommonds the prohibition on tho part of Natlonal Banks of tho payment of iuterost, he proposes to ostablish a TOST-OFFICE BANK, oporated by the Governmont, which sball allow 4 por cent on doposits. Tho result of this would 2*| be that 4 por cont would bo the minimum rate for intercat. When capitalists Lad mouoy which they coulq niot otherwiso disposo of, they would doposit {t with tho Governmont receiv~ ing 4 per cont, and when thoy could Joan it or could use it otherwiso thoy would draw it out, Tho snmo ovil which- private bankers complain of would bo folt by the Government. At a timo the deposits were MOST NEEDED thoy would be withdrawn, Again, the question is nsked, how tho Guvernmont proposes to Becuro 4 por cont intorest. Doos it propose to go ln;o s rogular banking business 7 If so, an era of FRAUD, DEFALCATION, AND WILD-CAT OPERATIONS cnorally will be tho result, In sddition to all Mg, supposing that tho bunk was practicablo, it would bo too great a ceutralization of power in tho hands of the Govornmont; -too grentn political instrument to be placed in its hands. ! PHIDADELPHIA. Special Dispatch to The Chicapo Tribune , THE MONETARY BITUATION. PmLApELPUIA, Oot, 13.—~Tho monetary strin- gonoy utill continues, Call losvs vary from 10 to 14 per cont, according to collaterals, otc., and discounts from 16 t0 20, Gold opened st 10814 and cloged at 1084, Tho difliculty of obtaining ourrency, in addition to it searcity, is a source of gonoral cmbarrasement to all buainoss men and causos univorsal doprossion, Quito s num- bor of the largo manufacturing establishmonts in the Eightconth and Ninoteonth Wards are now BUNNING ON HAL¥ TOME, Among the number are Mossrs. Porter & Dickey, omploying 300 hands; Irwin & Stinuon, 260 hands, snd James Nolin's Btar Mills, 400 hands. Tho mills of James Long, Brothor & Co. have suspended operations temporarily. A OLOSE-MOUTHED BUPERINTENDENT. T called on Mr, Briggs, Buperintoudent of the Southwark Foundry, to-day, and having ques- tioned him about the strike thero, received the following answer: “I deoline giving you any information as to our views, and it you say you wont give the strike ANY FURTIER PUBLIOITY, I will gladly give youa cortain sum of moncy. Bome rascally reporters havo got at the men's backs, have writton a public appeal for thom, and got it published by subscription in tho ZLedger and othor papers. I bolievo tho men will roturn to work on Wodnes- doy. Mr. Morria is out of town, and will not ro- turn till Tucsday night, lste. I won't say on what torms the mon will be coming back. Iam informed that Wostorn omployors aro reducing men’s wagea a8 woll asourselves. I deolino pos- itivoly to sny anything further on the subject.” Aftor nspuring this_porson that I could and wonld receive no bribo; that I scouted the idoa of any reporter in tho city doing a8 ho slleged, and thenking him for the iformation accorded, Ileft the establishment and procceded to tha HTRIKENS’ COMMITTER Il00S, @ £ thoro loarnod what I proviously suspeoted, that tho men would not 50 baok till matters wore satisfactorily adjusted; that nono of them had arranged to resumo on Wedueaday; that Morris loft tho city lost ho should moot them, and that subgoriptions to aid thom and the moye- ment wore pouring in from Now Yorlk, Balii~ moro, and other citios, Thoy assert thefr dotor- mination to BTAND QUT MANFULLY fzr their rights, aud I consolontiously agree with -them. ‘Upwards of 300 hands have boen dlachargod by Burnham, Parry & Co,, of tho Baldwin Loco- motivo Works, Mr. IIenzB{ a partoer, made o the following statomont this attornoon : **WE NAVE REDUOED OUR ANDS botween 500 and 600, and have fully 2,000 now on worlt, Wo will now tumn out four locomotivas wookly, instond of twelve, No business hns been g0 much affooted a8 the railroads by tho monetary stringenoy. We must dopend on thom to koop our works going. Bofore tho panic wo bad sutticient ordors to maintain tho full forco | of hands for tho winter, Now, thiogs bLuva changod. Tho racont failuros havo fright- onod rollond wsusgers, and thoy nob only roduce present working expenses, but hnve countermanded muny ordors for locomotives not progoutly roquired.” Brunor's Cotton and Woolen Mills in tho nortlyostorn part of the city, and sld to have gnnu in oporation upwardd of twenty yeurs, have oon THE BOENE OF MUOH EXCITEMENT, thero fow days post. Nino hundrod hands ara omployod in the two milly, aud not a soul hng recolved wages for tho past flve woeks, Drunor s not appoared near the mill for » month, and it apnolutad a poraon from Now York, nhod Lord, “to uu]wr ntond oporations, Tho Inttor has ropoptod! _}mmlmd to pay-the hauds, but as froquently failed to do so, ALL JIAYE NOW STRUOR, and will not rosumo til they rocelve a part of thoir wages, ''his firm allogos that tho slringon- oy affoots thom no that they oannot got money. A ia boat » rascatly inyontod plan to dofraud tha omployes, many of whom aro vory dostitute, WOOD 4 MAGILL'S cotton-mills, in the snmo distriot, iaving reduced wagos 16 per cont, gave their hands tho choico of BUBMITTING TO THE IMPOSITION, or remainiug idlo all wintor. The hands resumed work undor protest. Ono of tho largest cotton nnd woolon manufacturors in tho Ninotconth ‘Ward sald to-day: “Thoero haa beon a gonoral roduction of! hands, and more will follow, bocauso buslnoss {s slmost at o atandstill, Thoso who doal ~ with us aro mnot only Lard up, but frightoned at the eigns of the timon, Toaring to inoronso tholr stogk, thoy havo countormandod thoir ordors, aud, conso- quontly, wo must REDUCK: OUR WORKING FOROES, Wo con 1o moro carry an overplus of goods than tho morchants, I am not awaro of nny ro- ductlon of woges in our lino a8 yot, but wo must oomo to it soon. We pay the same pricos now 08 during the War, whon” our goods commandod o higher figure than now. Thore has beon a fonoml roduction riotngon in the price of goods. t wo continue paylng old pricos wo will BOON DE DANKRUPT. Iam awaro that oreduction of wagos will bo hard on the workers, but notso hard as they will bo if wo omployors aro to suspond nlmgutun,;, ‘whioh must happen if timosdo not rovo. omont & Doughorty, of tho Industrial Iron- Works, haya paid marsicd mon FULL WAQES, but baye declined gfi}llng bachelora s cent for some time, DMeanwhile, the latter can work on if thoy wish. The tailors of this oity bold n largo moeting Snturday mght for tho ncoption of messuros necorsury for the _maintonnuco of tho presont workiog pricon, Policomen aro nsking for in- cronso of snlary, and dolegates lave boocn nEpn[nlMl from various distriola to wrge upon tho Council tho nocossity for sucl sn Incrense, gl Lk THE JOLIET ROLLING-MILLS, Special Dispateh to T'he Chicdgo Tridune, JowIeT, Oct. 18.—Buperintendont Torrence, of THE YELLOW FEVER. "A. Grent COhange for the Better in the Oondition of Memphis, Only Elghtcen Deaths from Yellow Fever in That €ity Yes- torday, Liberal Contributions for the Relief of the Sufferers from All Parts of the Country. Speclal Dispateh to The Chicago Triduna, A BLIGHT FROBT. Mexenrs, Oct. 18.—\Wae had a slight frost here this morning, and beliove that to-morrow mora~ ing will give us & heavy ono. Tho citizens hafled each othor during tho dsy, * Did you 5o tho frost thia morning ?* with the samo gladness dopioted on thoir countenances that chilaren dis« play ot Obristmas and Now Year's, Tho.donth o 1A DEOREASED, and, with s cold enap of several days' duratfon, tlio dlovnzo would ba womplotoly ornticstud, or dooronged to such an extent that it would 1o longer bo considored opidomio. Tho Board of Hoalth scattorod lime througl the principal stroots of the city to-day, and continuo tho cloansing procesa with vigor. Fow now cagos are roportod, and those that take it oithor TECOVER DAPIDLY OR DIE, tho Joliet Iron and Btocl Company, at this place, called o mooting of tho officors and clorks em- ployed in tho mills boro this morning, and notl~ fiod thom that the Company had agroed upon s reduction of their wages amounting, on an aver- ago, to about 10 por cent. They recelved tho news with avything olse than satisfaction, for not o few of thom had boen caloulating upon an incronso rather than a decronso. The poy-rol of the mills now smounts to about §B0,000 por month. To-morrow the iron-rail mill, which has boen stauding still for o week or two, will start again on a contraot for tho Union Pacifio Road, The goneral condl- tion of,tho mills horo is huttor.&mrhn 8, than that of any mill in the country, The Company hes boon_taking contracts only from tlie most rospongiblo ronds in tho country, and, even be- fora thio lato panio, insisted on prompt paymont. Consoquently, it has but little outatanding dobts. Upon tho cautlon observed in futuro contracts, moro than tho demand for iron and steol rails, dopends the course of tho milla dur- ing tho winter, The Superintondent appesrs confidont that the atringency in tho monoy mar- kot will not matorially affeol tho oporations of tho Campany's works this winter, notwithstand- ing the fact that the product of tho mills Lns of Into so rapldly docreased in value. A fow wooks ago iron rails wore worth from 880 to 285 per ton. Intho lnat fow doys the Company has beon offered $08 por ton and accopted 875, It is underatood hero that the Company has boon promised money in the event of 1ts needing it, through a hoavy nnqmu capitalist Iargoly intor- osted o railroads. Tho offer is ontively unso- licited, ant®if nccopted will bo appliod to the oxtengion of the works. 8T, LOUIS. Spectal Disvatch ta The Chicago Tribune, - Br. Louts, Oct. 13.—Businces goos on about 08 it has for tho last two or threo weeks, There is n littlo better fecling among produce-donlers, with but fow iransactions on ’Change. The flouring will of Bain & Pogram will atart to- morrow, and the other flouring mills will ro~ sumo oporation within & fow dsys, Tho daily rocolpts of whoat are light, scarcely more than onough torun one mill, but the millors are notifying thoir country correspondents to for- ward whoat ns needed. The movement of flour eastward, it s hoped, will soon bring an easomont in tho mattor of Enstern exchange, which is 1n_groat demand, and liitle to bo had at any prico. The banks try to sccommodate their cus- tomers, but make no offort to assist othors. Thero s littlo probebility that they will sttempt to resumo ourrenoy payment on tho lat of November, as proposed, unless thoy are forced into it by fho national aspoot of financial affairg, Some bankers do not hesitate to szy as much boldly when questionod on the subject. Tho question of resumption will undoubtediy mako & good doal of trouble in the Oloaring- House when it comes to bo discussed, for tho stronger banks, such a8 the Boatmon’s Savings Institution, Continoncal, Butchers' & Drovers', St. Louis National, and several others would bo glad to resume at any ‘moment, and will be impatient of protracted do- lay. .The roceipts of tho fair wero large, but 10,000 loss than Inst yeur, Busincss, while it \was in progress, was good, but the jobbers now #ay tiat it was not moro than two-thirds of ‘\what it was last yeor during tho corrosponding poriod. - ———— SAN FRANCISCO. Swectat Diepatch to The Chicago Tribune, 8Ax Franorsco, Oct. 13.~—This being colloction day, thore is unusual aotivity in business ciroles, An immense smouut of bullion bar was ro- coived to-day from the Washoo Mines, for ship- mont East and to Europo, ‘Tho activity in tho mining stooks market has croated an upward tendoncy. Thore ia a domand for legal tenders; buying, 91; solling, 0136, The late rains, it was foared, would damage the crop in Sacramento and San Joaquin Val- loys. -On the contrary, the harvost Lias boen Jargo and nninjurod, and the farmers sro jubilant thereat, If thera aro no further rains until De- cember, tho yield will be far in advance of last year, NEW ORLEANS. New Onreans, Oot. 18.—~The New Orleans Olearing-Tlouse Asaociation hns established & por cont promium as tho rate to be colloted for oxchange for the presout upon bills and notes wluih are mado payablo with exchange on New York, NASHVILLE, Nasirvinie, Tonn,, Oct. 18,—Tho banks pro- posed to-day to move all cotton offored. —————— ABROAD. Loxpoy, Ocr, 18.~Tho bullion withdrawn from tho Bank of England to-day on balance is £805,000, all for America, Over & half million Jollars {n specio was shipped on Saturday for Now York. FAILURES AT BEDLIN. A dispatoh from Berlin announcos several fail- urod, OBITUARY. : Judge Scott, of Baltlmores Bavrone, Oot 18,—T, Parkin Soott, Judge of tho Baltimoro City Court, and Presiding Judgo of the Supremo Donch, Daltimore Oity, dlur:l ';%m morning aftor a protracted illnoss, aged 70. Col, Willinm i, Russell, ‘Wasmnaton, Oct, 18,.—Col. William I, Rus- sol, agod 80, died oo to-dag, Mo was Honry Olay's privato soorotary during Liw oanvass for tho Prosidency. Death of n Lnice Onptnin, Borriro, Oct. 18,—Oapt. James M. Avoerolt ono of the oldest son and lako captalns, diet suddonly, lioro this aftermoon of apoplexy. * et it iy OCEAN STEAMSHIP NEWS. Taverroor, Oct, 13,—Tho stoamships Idabo, Oty of Ohostor, Olmbria, fIanss, aud Alyoria, froin Now, York, Hools, from Doston, and Penn~ sylvauia, rom Philndolphin, arrived ont, - New Youk, Oct, 13.—Airived, steamship No- vada, from Livorpool. . MOVEMENT OF TROOPS, Special_Disputch to' The Chicaqo Tyibune, Oxana, Nob, Oct, 18,—Compuanios B and I of tho Eltath Tntantry lofk Omaba Darcacks to- day for Clioyenne. while thoso that wore taken soveral woeks ago continue to lingor on, Of the termination of a cas no phyaician con dara prodict. All the ' re- liot societios continuoe active in their attentions 1o thio sick, and most of thom report theis mem- bora as doing woll. Most of them NEED ASSIGTANCE from tholr brothren abroad, as the funds con- tributed have been exbausted, The Howard As- sociation report to-dny's contributions at home aud from abroad aa bol ¢ 87,740, It is cstimated that only 10,000 peoplo sleop in the oity limits, large numbers loaving on the evening trains for tho country. MANY OABES ara reportod at differont stations on raflroads leading from the city, Numbers havoe died from ‘want of proper attention. The country poeoplo are fleoing fromit. The Odd Fellows report about forty on the sick-list, and funds low. The Knights of Pythiss aro also in noed of ssistance ; tho memborship being emaller, thoy have not 8o mony elek. ‘Tho Magons roport about sixty sick and funds nearly out. Tho firemon havo sovon and $hoir families, sbout thirteen in all, on their sick list, Their "wagon g hailea whorovor scon in the APFLICTED DISTRICT, snd the boys always respond with pros vislons and aid. They acknowlodge the re- colpt of 9800 from their brethron abrond. The contributions from abroad aro larger than thoso of any day sinco wo woro compolled to call on the people of our wholo country for as- sistance to battle with tho moat terrible scourgo our city has over contended with. > To the Associated Press.) Mearems, Tonn,, Oct. 18—8 p, m.—From tho Iatost information that can bo gatherod, o alight cheol is manifestod in the course of the malady, though it is nlmost impossible to got roliablo statomonts from any sourco. Interviews with plysiciaiy ahiow a difforonce of opinion as to tha oxtent of tho chack, but all ngres that the dis- enso hag PASSED ITS WOTST, and, as'the new cascs aro loss malignant and fowor in numbor, and appestancou aro that o Bsuccossion of frosts will follow tho ono of this. moruing, it is safo to concludo that thore will ba no moro_violont outbreak. Tho fatality will necossarily bo heavy for a weck or ten days, but aside from this A MORE NOPEFUL FEELING revails, Thero was more business apparont to~ ay. Many morchants nre Tecolving and ships ing large bills. Soveral houses to-dsy closod Ehnlr doors, to remain o until tho afiliction haa entiroly subsided, astho busincss doing does not justify the exponee of kecping open. TIE WOLK OF CLEANING and disinfocting tho streots and nlloys ia going on vigorously. Loads of limo wore strewn in tho gutters on each sido of tho strcets yester- duy.” Tho Board of Haalth ia doing Jevorything with tho means at hand, and urging citizons to uso tho preacribed disinfecting agents about their promiscs, It is confidently bolloved that in o few doys more tho malarial poison that hag produced such terriblo results will be effectually oradicated. CONTRIBUTIONS RECEIVED by the Howard Relief Association to-day, from 1 sources, amounted to $7,742.06, Ono death is roported from the Waltham Im- firmary, and oight dlscharged ; and nine from all souraes, undor the immediato care of tho How- Associstion. Soven new cases admitted to Waltham Infirmary. TME STRICKEN OFTY AT NIOHT, It i ostimatod that lees than 10,000 porsons remain in tho city during the night. Largo numbers attend businoss during the day, and go into the coantsy at night. PENSONAL, Gon, M, J. Wright, of tho editorial staff of tho Register, is reportod very low with fovor. Mrs. A, J. Wheoler, wifo of J. Whooler, Boc- Totary of ths Masonio Relief Board, bas relapsed, and is roported quite fow, ., THE REUIEF WORE, The 8t. Androws Reliof Committeo report buf three cases in their charge doing well, Forty- Bix casos of oystera wero rocoived by tho How- ard Association yesterday, the contribution of R. & H. Chamborlain, of “Norfolk, Va., through their agont in this city, Mr. Wm. Warrington. At Walnut Bond, Aik,, yesterday, out of a congrogation of about twenty-fivo persons at- touding roligions services, $528.25 were collecty ed, of which &301,25 wag in cotton seed, mnd the balance, 8187, in cash, for tho relief of tho Momphis afflotod, DEATRS OF JEWS. It was learned to-day from the Jowieh Rabbi Bamfleld that tho Jews hoave lost 52 of their people by yellow fever up to this aftor- ;mnn. Anothor will probably dio before morn- ng. 3 , THE YEVER IN TEXAS. The Appeal will publish correspondence to- morrow from Ownsvillo, Texas, datod Oct. 6, \rhl:(_c‘uh roports yollow fover raging in that vie cluity, EXTENDING TO TIE SUDURDE. Boveral cases of yollow fovor are reported to- day at various poinis noar the alc{, on tho lina ot the rairoads, but it is attributed to persons mht‘s from the city with the infection in theur syatom. Capt. Ross, Buporintendont of tho Charleston Rallrond, to-day notifled the Oitizons' Board of Tolief that he would furnish HALF-FARE TICRET to poor poople during the provalenco of tho opidomio. TAEY TUAT ARE WELL IN NEED OF RELIEF, Qomplaint was mado at the mooting of the Citizons' Reliof Committao thin aftornoon, that too many hale, hearty mon and women mado application for reliet” at tha differont dopots whoro supplies are distributod to tho sick and distrossod, which was accounted for from tho fact that work has boon discontinuod at uil tha foundrios, saw-mills, and planing-milla in the Firet Ward, whoro'tho groatest numbor woro situated, and very littlo 18 doing in similar catablishments olsowboro in tho olty, whioh malies dopondonts of many of that olads of Iaborery, 4 BIGXAT, BERVIOE, Olsorver Rhodow, of the Signal Bervico Bu- ronu, is one of tho wost activo mombory of tho loward Aseoolation of thiu city, snd has ren- dored efliciont nor‘vloo in alleviating tho suffer- 6 afiliotod, h%::oe‘r%:u QF TILE OITIZENH' ROARD OF RELIEF. i Phis evoning Mr, Grant movoed that Mr. M!:l‘“ il writo to tha oditor of the Bt Louis fupul TGontinued on {he Eioht Pae.)