The New York Herald Newspaper, September 26, 1873, Page 7

\y THE ERIE RAILWAY. Meeting in London for Considera- tion of the Situation of the Enterprise. A Crowded Attendance and : Exciting Debate. Thirty Million Dollars Wanted to Com- plete Improvements. TELECRAM TO THE NEW YORK HERALB. Loxpow, Sept. 25, 1873. The-meeting called by Mr. Watson to con- Sider the affairs of the Erie Railway Company took place to-day, and was attended by 1,000 persons. The meeting is described as stormy. A resolution of thanks to Mr. Watson was ‘unanimously adopted. The names of Bischofisheim and Henry ‘were greeted with a storm of mingled hisses and cheers. EXPLANATION OF THE EXISTING CONDITION. Mr. Watson, in the course of an explana- ition of the affairs of the company, said:— “There was some apparent dubiousness about the accounts, but he believed they were cor- rect, They wanted $30,000,000 immediately %o finish improvements already commenced jand to lay a third rail." The meeting was attended by many Ameri- deans, ENGLAND. ‘Whe Supply of Bullion and Movement of the Precious Metals—Discount at the Bank and on Change. TELLCRAM TO THE NEW YORK HERALD. Lonpon, Sept. 25, 1873, The, bullion in the Bank of England has (3:30 P, ‘M) decreased £376,000 during the past week, The amount of bullion gone into the Bank on balance to-day is £72,000, DISCOUNT AT THE BANK AND ON 'CHANGE. The directors of the Bank of England at their Meeting to-day fixed the minimum rate of discount at the Bank at four per cent. ‘ The rate of discount in the open market for three Months’ bills is tour per cent, Tne rate for money at the Stock Exchange, on government securities, is (fve P.M.) two and a bal per cent. g THE SOLICITOR GENBRALSHIP. Henry James has accepted the Solicitor General- ship, FRANCE. The Question of the Constitution, or Monarch- ism and the Republic—Important Meeting ofthe Assembly Committes—The Crown Men Counting Their Strength— Relations Towards Spain. TELEGRAMS TO THE NEW. YORX HERALD. Pants, Sept. 25, 1873. A meeting of conservatives was held here to-day. About sixty persons attended, the most promi- ‘nent of whom were Baron Decazes, M. de La Koche- foucauld, M. de Kerdrel and Count Daru. A very confident feeling prevailed. It was claimed by some of the speakers that there would be a majority of twenty in favor of the restoration of the monarchy in the next session of the Assembly. ‘The republican members of the Assembly, whose Tears have becn aroused by the movements of the monarchists, propose, when the Assembly meets, to introduce a declaration against the miringe- ment of popular sovereignty, and to resign their Beats if It is not adopted. Neutrality Towards Spain. Paris, Sept. 25, 1873, The Permanent Committee of tie National As- sembly had » sitting to-day. The Duke de Broglie was present. In reply to the inquiry of a republican member of the.Committee Duke de Broglie stated that the government would not permit the armament of Oarlists in France. Ho also said that he had as yet seceived no complaint from Spain with relation to the alleged passage of the Carlist chief Seballs shrougk French territory. Specie in Heavy Flow to the Bank. Pants, Sept. 25, 1873. The specie in the Bank of France has increased 2,000,000 francs during the past week. AUSTRALIA. €roouragemoxt for Immigration to the South- ern Colonial Territory. TELEGRAM TO THE NEW YORK HERALD. Lonpoy, Sept. 25, 1873, The South Australian Budget states that a fund pf $250,000 is now available for the promotion of tmmigration to the colony. Mail Communication With the Anti- podal Colonies, Hon. Mr. White, United States Consul at New featand, who has just arrived in tiis city, atates spe- tially to the HERALD, that in reference to the pros- pective Australasian and New Zealand postal ser- vice towards the outer world, H. H. Hall, Esq., Con- Bul at Sydney, has taken a contract from the New Bouth Wales government and the tnglish govern- ment for carrying the mails irom London by way of New York and San Francisco to sydney and vice versa. The first steamships will, it is expected, Start from San Franciaco and Sydney simuitan- eously early im the month of December in the The government subsidy will be regua' as follows:—The sum 01 £45,000 fer a twenty-eight day's service from San Francisco to the Australian port which may be agreed upon, or e for «wenty-lour days, The New South Wi Prvernment to notity the parties interested. ‘Mr. I. Bali is at the ship building works on the Clyde, Scotiand, superintending the construction of tle steamships destined ior the service. Messrs. Donn & Cameron, of New South Wales, are the kera, At present the New Zealand government has No arrangement for the conveyance of its for ‘mail ofner than the running of a boat to the Fiji Islands, there to connect with the mail steamers, but this will soon be improved. CHOLERA IN EUROPE. Portuguese Quarantine Against an English Port, ‘TELEGRAM TO THE NEW YORK HERALD, LISBON, Sept. 25, 1873, The health authorities of this port have ordered that strict quarantine be enforced on all vesseis coming irom Hail, England, on account of the re. Portéd prevalence of cholera there. No other English port is ineluded in the order, SANITARY REPORT PROM PARIS. The Sanitary anthoritiee report that the cholera 1s debreasing in Paris, and the average of deaths from. the disease ior the past week was only twenty per day. -HAVANA EXOHANGE. Havana, Sept. 25, 1873. ga toaise % paca States and on Paris nominal, SPAIN AND GREAT BRITAIN. Cabinet Reclamation from Madrid to St. James—The International Relations ata Delicate Point of Diplomacy. TELEGRAM TO THE NEW YORK HERALD. Lonpon, Sept. 25, 1873, Areport prevails in political circles here which alleges that Her Majesty’s Minister for Foreign Affairs has received an official note from the Spanish republican government urging the imme- diate restoration to the Madrid authorities of the frigates Vittoria and Almanza, now detained at Gibraltar. It is also said that the relations between the two Powers will be ruptured if the British govern- ment declines to release the Spanish vessels. The British Naval Position Defined. In the English House of Commons, a short time since, the subject of the British Admiralty rela- tions towards Spain was brought to the notice of the members, Lord Enfield, speaking for the Cabi- net, said:— As to the instructions sent to Spain, Her Majesty’s government has informed the Aamiralty that as regards those Spanish war vessels, which are denommated ‘pirates’? by a decree of the Madrid Cabinet, the British governmeni is of opin- ion that only in cases where these ships committed acts of piracy against British interests should they be treated as pirates, The go ment had further informed the naval authorities that it considered that the captains of British ships should not deliver up, nor ailow any English oficer to tuke part in the surrender, to the Spanish govern- ment, of any prisoners delivered on board the ves- sels in revolt. The commanders of Her Majesty’s ships have received instructions, In case the in- surgents threatened to bombard any place, to insist on the postponement of such a proceeding until time enougii had been afforded them to place the lives and pe gem of British subjects in security; and they had been directed to carry out this order by force uf their demand were not complied with. SPAIN. Cartagena Again in Danger of Bombardment— Insurrectionist Naval Engineers on a Strike. TELECRAM TO THE NEW YORX HERALD, MApRID, Sept. 25, 1873, It is expected that the bombardment of Carta- gena will be reopeaed on Saturday or Sunday next. The insurgent men-of-war in the harbor are unable to move, their engineers refusing to serve any longer. A GENERAL ARRIVED. General Morjones has arrived at Tolosa. PERSIA. Railway Entorprise—The First Sod of the First Line Turned. TELEGRAM TO THE NEW YORK HERALD, LONDON, Sept. 25, 1873, The ceremony of turning the first sod for the first railway in Persia, took place recently at Reshd, in the presence of leading Persian officials and of the Foreign Consuls. GRAND MASONIC DISPLAY. Great Gathering of Masons in Philadelphia— Over 150,000 Strangers Fresent—Brilliant Scene si the Academy of Music— Drill and Review of Knights Tem- plare—A Splendid Ball. PHILADELPHIA, Sept. 25, 1873, It seems as if the entire country had poured out its population and the mass had become centred in Philadeiphia. To-night the Quaker City shelters at least 150,000 strangers who have arrived here since Tuesday, to be present at the grand ceremonies of the dedication of the Masonic Tempie to-morrow. Not only is every hotel taxed to its utmost capacity, but private residences are invaded. It 1s doubtful whether the coming Centennial will cali together at one particular period such a vast multitude as is here at present. As a beginning to the coming ceremonies R. W. Samuel ©. Perkins, Grand Master of Masons in Pennsylvania, held a levée in the Grand Lodge room at the old Masonic Temple, where he received the visiting members of adjacent Grand Lodges. Among those who attended the levée were R. W. Elwood E. Thorne, Deputy Grand Master of New York; R. W, John W. Simons, Grand Treasurer; R. W. Dr. James M, Austin, Grand Secretary, all of New York} Wiiliam (. Pine, Grand Master of New Jersey, and officers; John Nichols, Grand Master of North Carolina; J. D. Nickerson, Grand Master of Massachusetts; Asa H. Battin, Grand Master of Ohio; Joseph W. Underhill, G. S., Grand Chapter of Ohio; Wiliam ‘Taylor, Deputy Grand Master of Nova Scotia; John HOB. Satiole, Grand Master of Maryland; Fran- cis Burns, Deputy Grand Master of Missouri; James Jinkinson, Past Grand Master of New York; Samuel D. Irwin, Grand Master of Georgia; Jonn Collins McCabe, Grand Master of Delaware; Thomas H. Logan, Grand Master of West Virginia, and several hundred others, THE GREAT FEATURE of the evening was the grand ball at the Academy of cig © and Horticultural Hall, styled the Grand Tourney of Knights Templars, The Grand Opera House, decked in its holiday attire, was in a perfect blaze of glory and gaslight. At least 15,000 people attended this monster /’te, The Academy and Horticultural Hall were connected by @ covered avenue, leading from the former to the latter. The decorations of this covered Way were gorgeous and imposing. The floor was carpeted and the walls on either side hung with the escutcheons of all nations. The parquette of the Academy was floored over. The background of the stage was formed ofa tented fled scene, with all the war implements as a relief. Five elabo- rately embroidered banners of local Commanderies were suspended from the files, and a banner, witha cross in the centre, formed of burning gus jets, hung irom the centre of the dome. rhe ruant uniform oi the Knights Templars and elegant at- tires of the ladies formed a highly pleasing con- trast to the scene. As for dancing that was simply an 4 impossibility. The jam was thorough, and jocomotion to be accomplished only at a snail pace. Two bands of music occupied the orchestr: the Academy and a similar musi- cal toree was stationed at Horticultural Hall. f the Sir Knights innugurated ht of the ig) rated the evenin festivities, during whien the most nr cate evolutions peculiar to this mystic order were ee through, led by Sir Knight Jerry L. Hutchins, ‘ast Grand Commander of the State, and reviewed by Rk. E. Grand Commander Chant Weidman, of Pennsyivania, Among the pictures formed by the rocessionists during the march were the passion ‘ross, the patriarchal Cross, the Cross of Salem and triangle. Another feature of the decorations was A PICTURE OF THE NEW TEMPLE, made al ther of ari, and which 1s y! ued at about $5, e banquet = wi on the European plan, ready and patron- ized ats all_—ihours, Sir Knight Henry Clark, Fire Marshal of Philadeiphia, was the general Manager of the entire affair, and proved himself very efticient. At the hour this despatch leaves the ball is in full progress, and the indications are that the break ol day will overtake the merrv dancers. ‘A PROCRSSION. The various lodges of Philadelphia and visitin brethren will form in procession at eight o'cloc to-morrow morning. It promises to be a grand affair. As great as the crowd was inside the scene outside beggars all description. Broad street for Jour blocks irom the Academy was one sea ol heads, whieh required the constant efforts of a battalion Of policemen to keep in check, With great dimculty an avenue for the bail goers was kept clear. A powerful calcium iight on the pelccay. of the Academy shed a ray of light on Broad street as Tar north as the La Pierre House, and added ja in enhancing the animating scene on the 51 ao of Philadeiphia reap a fine harvest fro ‘he bail, TRAPPING OF A THIEF IN JERSEY. A lady about to depart for Germany by the steamship Thuringia yesterday was robbed of her Satchel, containing $500 worth of jewelry. OMicer Katser spotted a kew Yorker, giving his name as Oharley. ieClean. who had the goods in his posses- tu he man was Compytied for trial in default THE AMERICAN MONEY CRISIS IN EUROPE. British Opinion of the Consequences of the Transatlantic Panic—8pecie in Heavy Flow to New York. . icra ‘10 THE NEW YORK HERALD. LONDON} Sept. 25, 1873. ‘The London Daily News believes that the finan- cial panic in New York, will possibly lead to the resumption of specie payment, Shipments of Speeic to New York and Canada. LONDON, Sept. 25, 1873. Ove hundred and eighty-five thousand pounds sterling in bullion, was shipped from Liverpool for New York to-day. Of this amount the steamship City of Brussels took £150,000, and the steamship Adriatic £35,000, The steamship Scandinavian, which lett Liverpool to-day, for Quebec, took out $500,000 in bullion. British Press Comments on the Crisis and Its Probable Duration—The Ship- ment of Bullion. Lonpon, Sept. 26, 1873. The Daily Telegraph, in another articie on the American crisis, says it cannot be too strongly en- forced that there is nothing radicaily unsound here orin the United States, The great mass of cap- italists is not affected by the trouble in New York. The Daily News remarks that in the absence of a system of long credits, the materials tor a panic among American trading houses do not exist. It believes the worst 1s over. It ts said that bullion to the amount of £500,000 sterling will be withdrawn from the Bank to be sent to America by next Saturday’s steamers, TEE GOVERNMENT POSITION. Return of the’ President to Washington—Ex- planations by Secretary Richardson—No More Currency, but More Confidence—No More Bonds To Be Sold or Currency Issued— Conference at the Treasury—Necessities ef the Government—The London Agency—Increase of Coin Produc- tion—The Coming English Gold To Be Turned Into Dol'ars. WASHINGTON, Sept, 25, 1873, The President and family returned to Washing- ton this evening from Long Branch, and proceded to the Executive mansion, which during the Summer has been thoroughly renovated, The President announced his intention on Monday last of resuming his residence in Washington to-day, but his retarn was of more importance than that it would be at the beginning of the busy Washington season. As announced in these despatches yesterday, the government had extended all the aid to the banks that it could without cramping itself, and that no further purchase of bonds would be made until after the matter had been fully discussed by the President. The tact that nearly two days would elapse beiore the Prestdent would be ready to hear the subject, indicated at least that there was no serious intention of purchasing any more bonds, In fact it was diMcult to tell how it could be done, and the government have a just regard for its own interests. Interview with Secretary Richardson. To-day your correspondent, in an interview with Secretary Richardson, was informed that the orginal order for $10,000,000 had been increased to $12,000,000, as the highest possible amount of cur- rency the government could afford to put out; and that, while he did not expect financial embarrass- Mentin the form it had presented itself, he had, for the better credit of the Treasury, been grad- unlly accumulating a large currency balance in order that be might be ready for whatever emergency arose. The President, he believed, would not cripple the government by or- dering a further purchase of bonds. It might therefore be stated that no more bonds wiil be purchased nor would any more currency be issued, than was absolutely necessary to pay the expenses of the government, when he would draw on the legal tender reserve tund, What was wanted in the country was NOT MORE CURRENCY BUT MORE CONFIDENCE; and the wisdom of the banking houses in the large cities in protecting themselves against the panic could not be too highly commended. In the pur- chase 01 bonds he did not admit that it had been necessary to use any portion of the legal tender reserve, but that this purchase would compel him to use @ pertion of it to meet the general current expenses of the government, he would not deny, He was glad he had been able to assist to the extent he had, and with no compunctions as to the legality or the propristy of his course. He thought the Department ought to be felicitated on having so large a currency balance gs to make any extensive draw upon the reserve unnecessary, For, if the same assistance had been rendered with a smail cur- rency balance at this season of the year, the $44,000,000 reserve would have been considerably reduced. The Department has no tear as to its ability to promptly and fully meet every obliga- tion; and while some may carp and criticise, THE GOOD THAT COULD BE DONE HAS BEEN ACCOM: PLISHED, and if with it there is aught of evil it isthe fault of legislation and not of administration. When Congress enacts and the President signs a bill that 356,000,000 is the maximum as Well as the minimum amount of legal tenders that can be issued by the Secretary of the Treasury, temporary expansion will at least be the right of the head of the Treasury Department whenever, in his opinion, the public good requires such expansion. did not wish to say at present. During the day Attorney General Williams, Comptroiler Tayler and closeted for some time for consultation as to pay- ment of warrants drawn in favor of United States Marshals for the expenses of the United States Courts during the ensuing quarter beginning Octo- ber 1, and for which @ large amount will be re- quired. This, it appears, has been the custom, but the Secretary thought that under the circum- stances the warrants might be drawn to meet THE ANTICIPATED BXPENSES FROM MONTH TO MONTH. To meet all these drafts, for a time when the money would not be needed, would at this junc- ture compel an unnecessary drain upon the legal tender reserve, and in no way advance the busi- ness of,the courts, The Attorney General oferea no objection to this, and it was agreed that tne Marshal's should be limited to a fair estimate of their monthly expenses until the end of the ensu- ing quarter. To what extent the reserve will be diminished cannot be definitely stated to- night. The payment of the civil em- ployés for the month of September, the payment of the army and navy officers, the ordi- nary expenditures of the government jor the month will aggregate not less than $6,000,000, It is estt. mated that the Secretary will find it absolutely ne- cessary to Increase the legal tender circulation at least $8,000,000, ONE OF THE ECCENTRICITIRS OF THE PANIC has been to divert foreign capital to New York. Whether the reported shipments of pounds sterling is merely @ speculative dodge or not is not taken into consideration here, The Secretary was ad- vised this morning by the New York Assay office that @ large shipment of sovereigns would un- doubtedly be made to this country from London, In anticipation of this arrangements were at once ordered to be made by the Secre- tary for the prompt melting and assay of these coms at New York, in order to make payment there/or in United States @old coin on the day following the deposit. In view of this expected demand for coin the Phila- delphia Mint will be run to its full capacity on double eagies—about five millions per month. Or- ders from New York bankers, the, Assay Office reports, were cabiea to London yesterday for amounts ranging from 10,000 to 100,000 sovereigns, and to-day the orders were largely increased. Agnrotary dees not Gapect, In the oresqnt Gan: More than that he | the Secretary wero | dition of foreign exchange, that there will be any | nour later, to give exports of crude bullion, so the coimage at San Franciseo and Carson City will also be very large. These institutions are ail in a highly eMcient con- dition and equal to the work they will be required to perform. He also states that the increase of the stock of coin in thecountry since the Ist of January last has not been less than fifteen milion dollars, and a larger increase during the balance of the year is now regarded as certain. THE SUSPENSION OF CLEWS, HABICHT & CO. made it necessary that some one should be nated todo business for the government in London, to receive the Consular fees and pay the Consuls and Secretaries of Legation. The house of Jay | Cooke, McCulloch & Oo, was decided upon, and that frm, with the aid already extended by the other executive departments, will be able to transact the government business, THR REPORTS FROM THE SOUTH to-day were not very encouraging. The financial situation in Louisiana was not unexpected, but the fear is that the moral effect will be to paralyze business in that quarter, While the crops are undoubtedly large, if the currency is wanting to meet the immediate demand, there may be, it thought here, a stringency in busisdess circles that will be most severely feit throughoat the Southern States, About eight o'clock Secretary Richardson called upon the President and remained with bim tor an hour in consultation on the financial situation, The President expressed his full approval of the position taken by the Secretary. VOLUNTEER ADVICE TO THR SECRETARY OF THE TREASURY, During all the financtal excitement the Secretary of the Treasury has been cool and collected, not- witnstanding the continuous receipt at all hours of telegrams flom the North, and from London and other parts of Europe, overwheiming him with questions and making all kinds of propo- sions § and volunteering advice, much of the latter of @ conflicting character. The telegrams were promptly answered many of them with the emphatic word ‘No.” Assistant Secretary Sawyer, who was present to-day when the Secretary frequently wrote ‘No’’ and only his signature after it, ar ian | suggested to the Secretary as it seemed necessary to write *‘No’’ so often, it would economize time If a standing order were leit at the telegraph ofice to answer with the word “No” all telegrams received for the secretary. APPLICATIONS FOR CURRENCY, Several bankers of this city have calied on Mecre- tary Richardson to-day tor the "ag om of obtain- ing currency tomeet their demands; but, though bonds have been offered here, no qeropeses have been made. The em- Pio of several departments are being patd off to-day, at the request of Governor Shepherd, for ‘the purpose of easing the market in this district, RESULTS OF THE ‘CRASH.” Additional Reports trom the Couantry— The Surplus of the Ansonia National Bank (Connecticut) Swallowed Up. BripgErort, Conn., Sept. 25, 1873. ‘The effects of the Wail street panic have reached Connecticut. 1t is observed in the larger cities by want of confidence in the management of savings banks, and in an inclination on the part of small depositors to withdraw their accounts. Several instances of this kind are reported in New Haven, Norwalk, and in this city. It is known that many of our savings banks deal in fancy stocks to some extent, instead of confining them- seives, as they should, wholly to making loans on real estate. Notwithstanding this, it is thought our institutions will weather the storm now raging unscathed; and a few days more will serve to show their patrons that they are very far re- moved from financial shipwreck on a lee shore, While hopefully waiting the storm to subside this morning the startiing news reached this city that the cashier of the Ansonia Nationa! Bank, Mr. A. J. Hine, had illegally used the funds of the bank to a large amount, The news came to light last even- ing in Apgonia, but was suppressed. The an- nouncement this morning caused excitement, and at first it was thought the bank would close its doors; bus the oMcers say they will be abie to continue business, So soon as the facts became public the cashier» resigned his osition. ‘The bank oMcials are reticent about he matter, but it is pretty safe to state that Hine, who is over forty years of age, is respectabiy connected and of reputed wealth, used the iunds of the bank to a large extent in speculating in fancy ti n Wall street, and when the ae came ble to Garry them and was obliged to lose what he had invested. This afternoon United States Bank Commissioner Andrew B, Mygatt of New Milford, who wae ir New Haven, was tele- graphed for. He at once appeared on the scene and an investigation of the bank a‘fairs shows that the bank surplus—$40,000—1s all swept away, with probably a larger sum to be heard irom. It is stated on authority that Mr. Hine, who lost wep) the greater share of his estate by the mainder to the bank. A ‘ew years ago Mr. Hine speculated in stocks with the funds of tre bank, and the directors knew of it, but they had so great faith in him (bis ventures had resulted so iavorably that six per cent dividends were declared nght along, to the gratification of the stockholders) flat they kept the matter quiet. in tne market these stocks were always in the name ol “A. J. Hine, Cashier.” From present appearances the bank 18 solvent, but its oMicers have been badly crippled by the panic. Statement of the New Orleans Banks, New ORLEANS, La., Sept. 25, 1873. The following address was issued by the banks of this city to-day :— ‘The undersigned incorporated banks and bankers of the | elty of New Orleans desire to insorm the comimunity of the motives that actuate them in partially suspenuing payineat of currency upoa their demand obli | ow ing to @ partial suspension of currency paym, the associated banks of New York and other } | cildes, and the consequent refusal of the Western and other banks to receive checks on New York asin the regular course in the setilement oi coll jons made here for thelr account. it iy ngcertained t Femittance ot currency hence | peremptory orders within the past five days, To such an extent, Indeea, as sys prevailed that at the says 1 only a ew days must elapse before our vaults ie community would be entirely depleted of the means essential to the ordinary movemonts of trade. At the present moment foreign exchange 1s ansalabie in New York, and as we derive from chis source our main supply ot currency we 01e now thus deprived of our only, means Of restoring che gmounts lost by shipments to the West and the interior. We have, therefore, taken this step asa means of self-protection, and for the benefit of the agri- ‘well as the cominercial interests, and us the ng through which the incoming crops can be moved without ruinous sacrifice in prices. The dura- tion of this protective policy is limited to a period of thirty days, during which time we are confident that the ipts of cotton and sugar wil ord us a prompt ady reliet amd compel currency to seck this Bank of America, New Orleans National Bank- Germania Nauonal Bank, ing Association, Teutonia National Bank,’ Canal Bank, 1 Mutnal National Bank of | America, People’s Bank, Stat sk, Pike Bros. & Co., Bankers. New Orleans National Bank, Clearing House certificates, at the rate of sev- the Clearing House certificates will be used in- stead of currency. General Spinner Assisting Baltimore. The financial outlook to-day was decidedly im- proved, under the influence of encouraging reports from New York. The associated banks held an- other meeting this afternoon and arranged to cer- tify all checks and pay them through the Ciearing House, and also decided to pay ail checks, without regard to amount, where the cur- rency is required for legitimate business purposes, They also made arrangements with the Assistant Treasurer here and with General Spinner to exchange their lary notes and certificates for currency of smaller de- nominations, and in pursuance of this plan Gen- eral Spinner has consented to let them have $275,000, which, it is thought, will be suiti- cient to meet the demands of business houses and manufactories for this week. There 4s some little fear caused here by the suspensions in the South, many of oar mercantile and commercial firms having long credits in that section, but there has been no embarrassment so far {rom that cause. The deadlock in business continues, and nothing is doing, but the improvement in financial circles gives rise to hope that business wili soon be re- sumed, ‘The savings banks are intact, and the other banks are permitted to pay out currency ac- cording to their individual judgments, The Panic in Indiqnapolis. INDIANAPOLIS, Sept. 25, 1873, Considerable excitement was caused here this morning by the announcement of precautionary meastires adopted by Chicago and Cincinnati banks, which were at first reported as having totally sus- pended, and the excitement was heightened at noon by the suspension ot the private banking house of Woollen, Webb & Co., owing mainly to the return of their drafts on the suspended Trust Company of New York. Public confidence became 80 shaken that there was quite a heavy run on Ritzinger’s Bank and on the Indian- apolts Savings Bank by a ciass of generally small depositors, and some ee rene withdrew their money irom other banks, The First National Bank, OF ClOmlAR Wh TAS DAU DQM Ken) ongn an late depreciation in stocks, has turned over the re- | enty-tive cents on the dollar, will be issued on col- | laterais deposited by banks, and certified checks of | 1" wants of business, BAaLtIMore, Sept. 25, 1873, { NEW YURK HERALD, FRIDAY, SEPTEMBER 26. 1873—TRIPLE SHEET. tors an nity to withdraw their money if they wished, and when it closed it had received more 7 than it hed paid out, The unquestionable soi- veney of our banks, together with the fearless way in which they met tne excitement geome to Bare cout bome the crowds, who thronged streets er the bauks had closed, in @ better state of feeling. and itis not thought there will be any her trouble, Previous to the excitement the banks im confer- ence had decided to go ahead in the usual way, and ‘this determination will stili be toliowed. A Suspension tn Selma, Alabama. SRUMA, Ala.. Sept. 25, 1353, ‘The Selma Savings Bank suspended to-day. The assets are believed to be ample to pay all ita debts and Habitities, and to save the capital stock near entire. It was forced to suspend because the shoe to pubiie credit prevented the sale of cotton, and thus made collections impossible. Relief Arriving in Pittsburg. Prrrspone, Pa., Sept. 25, 1873. It 1s learned from authentic sources that $350,000 in greenvacks arrived bere to-day from New York and Washington, and other large sums are on the Way, which are expected to arrive to-morrow, and there is 4 hope that the greenback stringency will be over by saturday morning, if pot sooner. The entire outlook t# more bright, and there is reason for saying that the vate a derange- ment of our Gaancial houses will very brief daraton, The roa on the savings banks has stopped, and no hew movements of the banks is threatened, The Security Trust Company are making arrangements to resume. The officers say they expect to be open by Monday next. The Lawrence Savings Bank, Which suspended yester- Corday, will resume in a few days. Nashvilic Banks Nursing Their Cur- reney. Nasnvitce, Tenn., Sept. 25, 1277, ‘The national banks of this city, four in aaumber, in view of the present state of Gnancial affairs, have agreed to suspend currency payments on all batances exceeding $200, The board of Trade, ata large and tuli moetng to-day, unanimously ap- proved of the course o: the banks and adopted a resolution that merchants and business men would continge to deposit with and aid tie banks by every means ia their power, A general good feel- ing prevails among business men, and there are uo symptoms of a panic. me: Charieston Qulet. Cutanceston, 8. C., Sept. 25, 1873, ‘The money stringency im consequence o1 the an- avatiability Of New York exchange is increasing. ‘There has been no run upon the banks here, The Charlesten branch of the National Freedmen's Savings benk is exacting sixty days’ botice trom depositors, but all the jocal banks are paying checks as usual. x The Pante Throughout Virginia. RICHMOND, Sept. 25, 1873. Special despatches to the Dispatch announce that tne banks in the town of Danville, in- cluding the Planters’ and National, suspended, they say as a precautionary measure. The Planters’ Bank and Commerctal Bank in the town of Farm ville have suspended, the English and American Bank of Farmviile is paying. A public meeting Was held in Petersburg, urgin, Seeaaronee and recommending the use of certiti checks, Lancaster & Co., of this city, suspended tn con- sequence of the failure of Brown, Lancaster & Co., of Baltimore. The Tredegar Ironworks Company have dis- charged between 600 and 700 workmen employed in car building. A Commotion in Little Rock. LittLe Roox, Ark., Sept. 25, 1873. ‘The excitement over the city currency and the reported failure of banks in Memphis has caused fn unusual commotion he: Financial matters e only topics of couversation, Nearly all the Merchants refused to take city money to-day, and throughout the day there was a heavy run on the bunks by depositors. As yet they have met every demand promptly, and claim that they can weather the storm, The Latest from Cincinnati. CrNcINNaTi, Sept, 25—12 P.M. The all absorbing question to-day has been the action of the members of the Cincinnati Clearing House Association this morning, substauttally fol- | lowing the action of the New York banks with reference to the payment of depositors. Com paratively few persons suspected the event was to transpire so soon, Ii atal!, Many persons in commercial and financial circles were anxious about the futare, but the larger portion were of the opinion that ules: the troubles in the East should become moF> aggra- vated, the banks nere would be able to pull through. The epnsequence was there was no run on the banks that was visible to the public eye as to excite general apprehension, but depletion was, nevertheless, | going on. Cincinnati was honoring all demands; | all balances were promptly transmitted; but while | this was proceeding the balances in’ her favor from elsewhere were not torthcoming, Besides this, occasional heavy depositors, apprehensive of | prospective troubles, were quietly drawing out their deposits and plactng them in the Sate Deposit Company or elsewhere, where they would be more available in the event of ultimate disaster, Under such circumstances the banks felt that without | some change in the general situation it was only | @ question of time as to taking steps looking te self protection and to the protection or the business of the city. There was no reasonable prospect of the change hoped for, and it appeared vply & question whether the precautionary step shoula takeg now, when the banks had strength to commercial interests of the city, ate | with a strong probability that they would finally be compelied to take such action alter they had submitted to a complete drain of cur- | rency andthey be let tn @ situation in which | the interests of the community must have looked to them in vain for help, The decision was reached to take the step at once, and was publicly promulgated by 'Change hour. If was know by a large number of business men of the city. Business on ‘Change, though the attendance was large, was in consequence substantially suspended. Neither buyers nor sellers cared to move until they had a clearer view of the situation, but there was nothing like a panicky feeling. ‘he «opinion prevailed that it was best to walt some days before doing much | in general business, During the afternoon the | | action Was freely discussed in commercial circles, | and though there are some prominent business men who doubt the expediency of the act, a very much larger number oo the action, believing it was, under the circumstances, the best thing to do. A noticeable feature was the | absence of excitement throughout the day. Buet- hess men commenced the work of adaptin: tuemselves to the changed circumstances, au towards the close of the day there was an im- proved feeling in almost all circles, The opinion prevails that the business inter. ests of the city will be well served by the work of the day. The banks have paid out since Monday morning currency vari- ously estimated at from $500,000 to $4,000,000, About $3,000,000,it is said, remain, and this with the judicious management promised vy the banks, tt i believed will enable them to meet the more press- ‘There is some dis. | position to piace future deposits of cur- rency or exchange on a different footin from deposits made prior to to-day, au although no general action has been determined elp carry on the gustcal gee {a 7 THE POLARIS. Departure of Captain Buddington for the United States, Additional Tidings of the Steamship Tigress. Commander Greer Preparing to Go North Again. TELEGRAMS TO THE NEW YORK HERALD. Lonpon, Sept. 25, 1873. Captain Buddington and his companions of the Polaris expedition sailed for America on Tues- day in the steamer City of Antwerp. Several steamship lines offered the men free passages. The Tigress Still on the Lookout. Sr, Jouns, N. F., Sept. 25, 1873. The whaling steamer Hector, Captain Bartlett, arrived here from the North this afternoon. She reports having met the Tigress, still on the Polaris search, at Netlik Harbor, Cumberland lulct, and exchanged the usual courtesies. According’ to Captain Bartlett the Tigress left Netlik on the 16th of September for South Green- land, where she will take «1 a fresh supply of coal before making Ler way North again, and it is possi- ble she may be out unti! December before receiving any news as to the safety of the Buddington party. Commander Greer, tn his letter to Consal Molloy, says that he intends to follow in the track of the Northern whalers in search of the Polaris’ crew or information, and, if unsuccessful, he will probably return to St. Jouns about the middle of October next. Captain Bartlett also picked up Captain Palmer and the crew of the schooner Helen F., of New Lon- don. Their vessel was wrecked last winter away north, and they have been subsisting in the best way they could since the day they were ship- wrecked, en a NAVAL INTELLIGENCE. Fortress Monnon, Va., Sept. 25, 1873. The United States steamer Canandaigua, Captain Rouckendor®, arrived here this morning from Key West, All on board are well. THE WEEKLY HERALD. The Ch and Best Newspaper in the Country. ‘The WEEKLY Hggaup of the present week, now ready, contains a Select Story, entitled “A Good Haver,” together with the very Latest News by telegraph from All Parts of the World up to the hour of publication; Steamer Ironsides; an Ac- count of the Safe Arrival of the re- mainder of the Polaris’ Crew in Scotland, and Captain Buddington’s Statement; Par- ticulars of the Suspension of Jay Cooke & Co., and the Panic which followed; the Henaup Sky Commissioner's Account of his Aérial Voyage with Protessor King; a Strange Murder in New Hamp- shire; the Nevada Mining Disaster ; Jersey's Record of Blood; Horrible Indian Atrocities in Texas, It also Coutains the Latest News by Telegraph fron Washington; Political, Religious, Literary and Sporting Intelligence; Amusements; Obituary; Varieties; Editorial Articles on the promment topics of the day; Our Agricultural Budget; Reviews of the Cattle, Horse and Dry Goods | Markets; Financial and Commeretal Intelligence, and Accounts of all the Important and Luteresting Events of the Week. Tskas;—Single Subscription, $2; three copies, ; five copies, $8; ten copies, $15; single copies, five cents each, A limited number of Advertuse- ments taserted in the WerkLy Heratp, In Jeopardy as Long ldruas on unchecked. Rem resorting to HALB's HUNEY Of u D AND TAK, tie only certain eure. IKK'S TOOTHACHE DROPS cure in one minute. A.—For a First ch HAT go direct to the mani Nassau street or Business ENSCUERID, US A.—The Heasehoid Panacea and PAMILY LINIMENT id the followin, 1 te Jor:ng Bullous 'C ri Dysontery, Colds, Pres Wounds, Burns, ‘spinal Com? plaints, Bruises, Chilis aud Fever, For ime ternal and external use. a! in ng, the whole m, restoring THAN ity parts and 9 The MoUsE ube ni mayer the cauge of fhe compl pe vaithy ening tie blood. PANACEA is purely vegetable aud all healing. Prepared by abl) . CURTIS & BROWN, No. 25 Fuiion street, New York. by all draggista, 'S offices, 49 Br: 94 Broadway, near iw A.—He corner Vu pen from +A. M. to 9 P. On ounday from 3 to 9 PM. A James Hat Cannot be Surpassed this fall in shape or quality JAMES, 325 Broadway, St. Nicholas Hotel, A David Bteg Wall Hat fer Gentle mon, 20}; Broadway, near Duane street. A.—For a First Class Hat at Popular Prices go to DOUGAN, 02 Nasan, corner of Ann street. Infections Spon, re sorings are superseded by the Come TRU os, Broadway, which cures A.—The Rotten a pads. horrible metatiic spr vas wh BLAL IT Brooklyn Daily Argus. AN INDEPENDENT FAMILY NEWSPAPER, CONTAINING ALL THE NaWa, POLITICAL DOINGS, LITERARY CRITICIM® HUMOROUS GATHERINOS, |g enesiin BLIGIOL ENCE, AND COMMERCIAL TRANSACTIONS. FOUR EDITIONS EVERY APTERNOON, PRICK TWO CONTR Bateh Hatr Dye le the Best im the on some of the banks have signit their inten- tion of paying their depositors of this sort in kind— | 4, @., currency or rere hereafter deposited to pay at the discretion of the depositor, WEATHER REPORT, WAR DEPARTMENT, OFFICE OF THE CI SIGNAL OFFICER, WASHINGTON, Sept, 26-—1 A. M, Probaoilities. For New England the winas will veer to westerly with clearing weather. FOR THE MIDDLE STATES AND LOWER LAKE RE- GION CLEAR AND CLEARING WEATHER AND WINDS GRADUALLY SHIFTING TO SOUTHERLY AND ®aST- ERLY. For the pt Mager States east of the Mississippi gentie to jh winds, mostly from the southeast “and south, and clear or partly cloudy weather, with occasional rain, on the coast and Lower Mis- sissippi Valley. From the Lower Ohio Valley and Missouri to the upper lakes falling barometer, increasing souther!; Wo easterly winds, cloudy weather and Tain, i A severe storm is apparently approaching the Northeast and will probably extend eastward over the upper lake region. Cautionary signals are ordered for Duluth, Mar- ette, Excanoba, Milwaukee, Chicago and Grand The Weather in This City Yesterday: ‘The following record will show the changes in the temperature for the past twenty-four hours In comparison with the corresponding day of last ar, a8 indicated by the thermometer at Hudnut's rmacy, H&RALD Building :— p 1872, 1873. 3 Noe es anor. M... 8 eS. Bee ho A . 12M..... 2 72 12P.M. ce 65 “Average temperature yesterday... ‘ seve 68, Average temperature for corresponding date t world, the only true and per'sct hair dye; smstantane- ous, harusless A‘ al! druggist Bay the Best, GOODALL's PLAYING CARDS, Sold everywhere. Cristadore’s Hatr Dye ts the Mow Vat. Ural in its fects of say in world, Kt uses new lite w the hau Corns, Runtons, Enlarged Joints—0t Diseases of the Feet cared by Ur, ZACHARLE, 7 Uaioe square. Elastic Belts, Stockings, Kner Cops, ANKLETS, at MARSH eeticas Cure Tramp oMce, No 2 y street. Lady atendas French Gossamer . the Light- est, most comtortable ain! ow mol arom ak juced trom the man Veaders ati! iutrni hats, Now. 3, 4 and } Astor he ee eae mene i peut, young end oid, Pai Dress and | atrean Loring sei breniag Weer Travelling. “or MCe s On. ad brcodwap. na Lottery.—We one the $500,000 irawing, Apr 2 Cireulars swt, immgcrrerriane” Seng AB Aig ee 1) Wail street (box 4080 Post offtes. New Yortp roy’s Improved Elastic Trees Merior te any other: price $k Fitted without charge way. Warnock & € The prod: in Handied by © Wigs, Toupecs, d&e—G, Raweh Practical Wiginaker ant Importer of Human Mau Bast Twelfth arrect, near Broadw A RENNES EE NEW P " UST PUBLISHED, by FRED. PUSTET, 32 Barclay stre Dr. Brownson’s “QUARTER! last series, ¥