The New York Herald Newspaper, November 12, 1873, Page 3

¥ ee vs Vis sf : - yanw YORK HERALD, WEDNESDAY, NOVEMBER 12, 1873—TRIPLE SHEET. ee Rn } to reorganize the Clea: upon a basis of mo- thetr ready means where they are iss! the mist of: and scene pete mores | THB POLICE DRORCNIVES, | .2rs"aet fetes se aks iu the association Wicpendent yeular member of Clearing House le cers of always fait rep tbe rin. times as ‘st banks b a the motive is found in the two several Ee Gi hen ins maa aye yen s Tee eae ncnae tl a he " » 4 CHRERFUL ACKNOWLEDGMENT OF THE SITUATION from errors a! tions: asingle member. the exe took occasion from invention of Jarvis aa to ‘A Quiet Day on "Change, Without | 2: once, and a witingness to mest employers im 2 | conauct iu adaire vwish ihe publie in dedance fey dit credit, And Zour commie fou Close of the Inquiry as to Captain | ther preventing a fall wearch, to himeelt invent a can u dad be jouse, reason which woul al Fresh Rumors. Santen this revival © It; would be wise policy on | St w'SraofGte? Maya Verse" o¢ Saunt witht icreat: | wath thay share none of tx burdens and scbaal to none Irving and Detective Farl reputation ina wicked world, always more ready we pase af the pommanes © they the in- | tomers which are conser wita t the Seat terenta ota ly leh oat ¢ Farley. to interpret evil than believe good. tiat' this: secured a com} e! Mi shar rsona! - bank shall rece! ASTINGS. 2 mise In the transit ed upon. which we are | Betors, for gublts paManage not, arey abrrere or Pah eg Colonel Hastings, at the conclusion of Mr. Hall just entering, that ‘would secure chem employment | dividends on behaif of a i constituency. They are as of Wile senooiation: address, said if he had been ‘this case The Defalcation in the Se- | tiis winter apa bring them by gradual approaches | 1,2, Dom ,umborant semteeraties gf great iuteresia | Among the various devices Introduced. to attract in6r- ¢ Ex from its inception he should feel. hardly prepared. to the {ull dectine that must come with s resump- | whics’iormd the least departure from. principles whieh le ‘and to secure deposits ofcountry banks, | Speeches o¥ -Mayor Hall and | to meet the learned and ingentous argument . Bank. tion of specie payments. This would be best experience has credit immediately as cash, which che commission had just listened to; curity . atuained by the various labor organizations relax- ‘th these general considerations, your com! pro- | checks ‘afta Upon places out of this city—a practice Colonel Hastings. having been interpolated in the case 1n its closing ing thetr rules 80 as to permit members to enter ceed to the more prac: que ‘submitted to thera— 1 menced as a special inducement by one stages, without any previous knowledge of the tes- 6 f viz, "What refol are required in the operations of | in: tion, but which, as the natural consequence of tt et Upon work on special con each ior bimselt, | fanks with each other aud the public to Increase the tition, has been followed and extended by mony, without any previous acquaintance Wise tue |} . the best he could make, without forfeiting | security of their business;” ‘first and most promi. hers, until it embraces points tar and near throughout Witnesses who testified tor or ee the accusea, Report of the Committee of the Clear- membership. When “business shall have | nent, they recommend that the, banks entirely discon. guntry, Ot jen carried gn with such | The Inquiry of the Police Commissioners into the | And with no opportunity of taking any cross-exam- e8u! TI condi; nue upoD tareg x |, it woul an act ol tion a oc ppenoemmmnimnteties © = YN ie meander Raia Let's aaite mitt, Kea "ee | Canin tring and heroine arian was resumes | Bicuen OeETinea? Cojo tata ceaeame | 1g wages found their true level in the new honey per r ° regard to the law or the e' n order the unions might then re The requirement of 1 reserve” Is new engaging oR eran se ly ehanged. anterier | yesterday morning. before Commissioners Gardi- | bearing upon this investigation, Because Yesterday was a quiet day on the street, exhibit- | Vision and control with an enlarged Pressed bt the law which compels banks to hold'a definite | £6, Feadily accepted as cash Min New ‘York, prefer | ner, Smith, Russell and Duryea. testimony, wecatearily be, lose. tamiliag With the, . i m ct a » an a TE reraptmarene | tee Ponder pote so. entities iu eal | age so by their Banks at home, who receive the CROSS-EXAMINATION OF OFFICER FARLEY. than thoss who had bene Petey during se au ‘of leg iY §ng on the wuole au improved feeling. Some un- | Workmgmen Just now very justly complain that the | aitiiculty consists in attaching a rigid and indextuie rule | #69 t0.40#0 by their Banks at easiness was expressed in consequence of the ri- | shrinkage of values upon which such atrese is laid of aw fo oa mobile fund, which s held ior, the purpose of Brlved ot depontts whch by ane laws of trade, nmtat Gc | Detective Farley was cross-examined by Colonel | {erent days ret the examination, Moreover, he 4 en. col r , ch. , Hatarally ; valry of the two great dry goods houses o! the city | Othe mae Ceocary more, at Mile buvoners and | initsvery atures a variable quantiiy-1¢ teimpouiblg Jong to them, But’ they ate daily encumbered by & | Hastings, the acting prosecuting counsel for the | of the testimony, lt was alleged shat ta nema im catting down prices, a to its eflect upon out- | bakers: that cout im just ad dear as ever and | ClcAfly to prescribe by statute che circumstances or the | Soberramment, ios: of dime, greet rik clerical labor | Board. He testified that he had been connected | asked for an accurate and searching investigation, standing dry goods paper of smaller houses, who | clothing but slightly agected by the panic. There | creased or dimmished, | There wcems an intrinsic ab- | Heecsatry diversun of businem fom iw natural coursca, | Witt the Police Department for seventeen or OniOcsON Tale tO. The ke aes Deen 8 StrOn 8 too muc! ie sbr! J i : wy : . oduct! 4 May find themselves crippled by the unexpected | or Tae hoe mA Ce er TEs laieal or thee com, | niscase kece Wink es crtaiog ol veruren 10 bu wants or Some of the interest paying institutions which have by | eighteen years; after his arrest of McDonnell, in | testimony, circumstantial or otherwiag tom opposition of the large houses in channels of trade | sumer, but it will come and it 18 @ note of prepara- | that 4 bank officer who draws upon his rears, 4 terior banks, with” ts oe 1871, he was @ witness against him; prior to the | which these very charges rest, and the very foun- 4 have them adopted peculiar ireumstances for which it was Intended, the ‘ dation on which these cu ugually left to the occupation of smaller concerns, | tion tor what must then inevitably follow that the peice ‘which he takes to obey the law. But the tact that | me! of facilitating such collections, which | arrest on the Thuringia he did not know that 2 arges were Deengam above 8 are made, y they regard as advantage to themselves, but by whi a against them. There was more to be said \ ‘That it is an ill wind blows nobody good ie a com- | *POve Suggestion a & milltary, commander cannot be definitely instructed | they ‘are continually cxiending ine evil. “oy mere | McDonnell was in England; he had known the | testimony that was excluded than on that which monly accepted formula, equally true in its anti- Proposed Bank Reforms, 8 areason why that important portion of an army or- a er eo Ae flan Bhd prisoner by the names of Livingston, Barnum, | Wa8 accepted. If there was an objection theties! relation. Itis a good wind blowsnobody'ill. | me Clearing House Association at its meeting | ber or eticionoy. "Se Jong usbank obtoare subject to | elt Danks wilt accept uiem from them.and many of the | Bradford, MeDonnell and Johnston; he did not fo. She, |: Feception. ,0f she .conlenmeacc and ‘Thu rivairy—if rivalry there be—between Clafin | yestergay received the report of its spectal com- | Cash payments, so long meee the obligation be | Sccoun® which, from thelr amount, dealers regard 9s either imposed or assumed of keeping suicient cash’| Yery valuable to their banks, the latter find by experi- fj ence to result in actual loss. "Instead of being the natu- | of 1872; he frequently received letters from Lon- | & reject the corroborative circumstances which i to ve it receive @ letter irom McDonnell in the fall | weight as possible—yet it scarcely “tonowed and Stewart, while fruitful of good in some direc- | mittee upon reforms necessary in the present | in hand ay whatever portion can possib! ‘said, tions, is a serious menace in others, banking system of the country, with special ref- Prevented, © 30 of wee tinmncteans boltremembored, tuat Fitimate commeroial exchangesithe cityy men Yanks | GOR Mt that time, but not a registered letter; | Were Aesrua ae one or: the atbasee, ence regta- REPORTED FAILURE IN LONDON. erence to the associated banks of New York. The | ss exists in other commercial nations, the associated | 8f@ thus made ours. The subject is the cause of continual | @ registered letter was then received at his | tered letter received by another, both of witleb: irritation ana di bet ki i . Despatches from London yesterday announced | yenort is sharp, mecisive and thorough in its ex- Kpnkecacarspecen Zeaare: ip $e, ena $a timnes OF 1 of ‘and between the bunks themelves thelr custom: | house by his wife, and receipted for by her; it | Were based not on other Iraenrrg e but the the failure of William Alfred & Artnur Burns & | amination of many of the faults and evils existing | conduct the national promerity greatly dependa.” In | fous committee in considering, this evil, ean perceive | was not signed “Harry,” but he did not know by | With no evidence $0 Aihocemnttes Pere .t9e core €o., metal merchants, witn abilities stated ot | in tne present aystem, canaid in’ ‘ys exposition of sotive capital of, Ee wate ete they are en. | Commend that the Clearing House Committee be required | whom it was written; he received no letter from | to present beyond a few detached circumstances fas $4,000,000, Inquiry was made by the writer, subse- | such and outspoken in the sugg ation of trusted, they render @ full and equitable compensation | '0, establish monthly « schedule of minimum rates at | London beginning “Friend Phil;” he did not know ned upon the exhibit of the complaint, For yestion of reform. | for ity " . | Which the associated banks shall receive on deposit, , quently to this announcement, at the office of | i+ sas snort, however, of the popular need, inas- | quent End paramodnt duty of the bade to feittengens: checksand draits ‘upon, places! out of this cliy, aud to | whether the letter receipted for by his wife was Phgte reascus, Us, Said 2; ARGS Soe reer Phelps, Dodge & Co. respecting the American con- | much as it limits those suggestions to a continu- DOENon ot sane Perey a in cash as the lavjng now considered the prominent evils which | OM€ Of business or frienship; the witness had no The commissioners then took the copies of the nection of the suspended firm. Mr. Dodge stated | ance of the present system without reference to | | It has been suggested that the federal principle which beh na removal of which your ousimlsaee ed recollection of the matter, but thought that such | Stenographer’s notes of the testimony, and Com~ that the name of Burns & Co. was unfamiliar to | the great reform needed—tree banking, Sub- | ur asociath pled to banking, through ue use | indispensable to, the harmonious Intercouree betwee” | 4s etter must have been received, owing to what | missioner Gardner said that one of the commis. jomed is the report in full. No action was taken | 0 joam certificates,” in two important crises, might be | recommended for thelr removal— a sioners had neither read nor heard the testimony. him, nor was there any William Alfred & Arthur . used effectively in’ regular business, by -comine emova he had seen in the newspapers; he thought he | Some days must elapse beiore a decision could be upon it yesterday, action being deferred for one | separate accounts, viz., -‘cash” an rat. — That paxment of interest upon deposits, either , PI Burns that he knew of. He likewise eng aee the | week:— each Payable im Kini, a avoud a directly oF rindi betly, be entirely prohibited, OLAS usually received from four to six foreign letters | given. ; inference which the inquirer drew, that if there The committee appointed by the New York Clearing sin times of panic; and much prof 7 ear ae per month; did not receive any registered tive stud Nrorla 48. wt mentsot the law of Congress respecting a reserve fun 5 'y registered package had failed, its American | House Association “to carefully consider and report ‘ be required to tall th ot legal DARING OUTRAGE IN JERSEY CITY. Was such @ house and it 1, what retorms are reauired in the, practical operations of quetlon Low fhe, Ades, of clearing,” ae used through | tender notes. equal to atleast fiiteen per cent of ite lia- § from England daring the time referred to, and connection must be but slight, banks with each other and witn public to increase Bilities to the publi none was received at his house; he did not hi “ rh oe exchanges of the community, so a8 to dis,ense in agreat | bilities to the public, i Not see the A DEPALCATION ON A SMALL SCALE, Cae ee oe eet een the obiest sought by the resolu. | Measure with large reserves of ready money. Butin the | »,1hed— mhal no bank shall certity « checkas good until | receipt for the letter received by his wife, as the | A Man Dragged From His House By = 16 ¢ involving not quite $25,000, was brought to light a | tion, ifis necessary briefly to review the condition and | present condition # economies aclence, ald expecially it deposit, regularly entered to the credit of thedrawer. "| postal authorities refused to let him ex-| New York Gang and Saved By the Po- It a State i. | Practical working of the banking aystem in this city be- | that we accept the teachings of practical experience, no check or draft shall be received by & ; = a fow days ago at the Security Bans, a State in | fore ube commencement ihe IM TAD sent capt. | at Durmae the Weil besien track which ade tad com | DARK upon devontat far ascum. drawn gdverwise than | AMINE | 14; Ne boarded the Thuringia at | Mec“ Hevolvers and Clubs Used, stitution doing business at No. roadway. tape KE Are te nt Oe rig ont of active ia. | meree universally recognize. upon one of the banks composing the Clearing House | about half-past seven o'clock in the morning; | Yesterday afternoon, about half-past three the morning of the Sth inst. the cashier, Henry D. | dustry andjommetce. The balances held by, them are enbiperionce of olser commercial mations has shown | “‘mjik—That all checks and drafts upon places ont of | he was ordered by Cuptain Irving to see the | o'clock, one of the main streets of Jersey City, in Lowes, was missing. Adespatch was sent tohis | lor the, time specie invesment, and ‘kept of one-fourth to one-third the, direct liabilities o: « bank, eae ened eto aniall only be taken at rates of dis- | captain of the vessel, but there was no under- | the vicinity of tne ferry, was the scene of an act Fesidence on Staten Island, but an answer came | subject to immediate command, ‘They constitute | ANd whenever itis there found Spee dik dra NS — afi: ng standing as to the place where Irving was to | Which for audacity can hardly be excelled. A squad es are mittee. Dack thathe had been absent from home since Mon- | & main portion of the wealth of, Mie, commnnity aor asociation in 1867 established a minimum ratio of twenty Taine no proaced to state how the obscryance of these | remain meanwhile; McDonnell was near the mid- | of five men, headed by one Pinkerton and repre- day night. immovable forms. The custodians of such tunds are | Por cunt ii ‘again in 1860 increased this Saintmum to | 1 some of these the sentiment of the association has | dle of the cabin when he was arrested; when he | senting themselves to be members of some detec- ‘ consequently bound by the very nature of their trust to 1 It appears from thestatement obtained from the presanve thew in their’ integrity and to apply them only Swenty-fve per cent. ihe oremeat abnormal condition Rave beet adopted, Pot wna re eee Cacctgres | told tne latter he nad come to arrest him McDon- | tive association, appeared at the Commercial Ho- Janitor of the building that the caabier of the | 4m such ways as will prevent Thom trom ialling. tuto i subject. The law permits the reserve to consist ot coin | Neglect. nell sald something about its being a good joke, | tel, in Greene street, and callgd th activi \d, also, to hold such proportion in ready cash LA ite iB ag Joke, ” lg ¢ proprietor Penk cps % eke nice, .walcb, on account of the.) in band, as low Bs to be necessary, | Since ie receive as money the notes or uationel bance, produced a dee fF corivioson both it tne association and | ANd when told that the arrest was for forgeries on | (Bowe) to the door. He had no sooner advanced: jence bas pi ‘associat tb legal holiday, was closed to | toieetimme: ands in every possible emergency. : * | in the pubiic mind, of the interdependence of the banks €lection and it being a legal > Audit ma Aadiraed that a "bank or | Tout yary eh Hecceve' we are. troubled Sy a spectes of | UPob each other, and of ihe wrong which any one mem- | (ne BANK O’ England he expressed inditference to Peeniarey popnoed upos him, each man) presen, y, be confidently business. Having duplicate keys to the doors and | banker who faithfully meets all these obligations renders | oney which is above, and by another: whieh’ ‘below | ber imposes upon the entire body by unsound or irregular | that corporation; before Captain Irving came | !ng4@ revolver at his head. They were draggin: safes Lowes spent some time in the bank, and | 4 {til equivalent for any benefits which can be honorably | the sandard d.quaitty. And it af dords a striking comment. Practices, They, however. recommend as an effectual | gown nothing had been done in regard tosearch- | him towards the ferry witha view of acusune ition that in when he left took witn him the contents of the | | No institution can, in the long ran, purchase deposits of | Taney of the world, which is now freely coming Into the | , That the constitution of the Clearing House be changed | ing the prisoner; no examination was made in the | him to New York, when he lustily called for assist-| teller’s box, consisting of currency, large and | Maney, Berane.oh festa’ ue ana proper compensa: | pauniry om, leeitinate commerce, canhot peared | Sua atucies of artoianon , Wnich sual De aku py Ws | prisoner's stateroom, to his knowledge; the pris- | alice. Among those who rushed to the rescue was small bills, to the amount of about $24,700, and this | Hou for tne business without violating some of the co gauss of seriogs, embarrassment. {fue opinion that has | board of directors. |-And your committee remecttully oner’s luggage was transferred to the police boat | Henry J. Dillon, a cavalry soldier during the late 'e the last that was seen of him. use them in ways that are, illegitimate and perilous or | Uitnity "is now” eonducied “upon” a basis of” irre: | wiieh Nas been complied iromhe present consthution | by the stewards; the luggage embraced eleven | wari, but he was clutched by two of Mr. Charles A. Colby, the Vice President of the | }#° them in excess. The iat en net and the prac. | deemable paper. that therefore there can be no | of the ring House Association, with such changes | pieces; he first particularly noticed the prisoner's | the, kidnappers and a revolver was placed aank, was visited, and his statement, including tise of Day ng interest for such deposits wa: mDAMLIAGORIy sarpenricn ca payments, bes ah mont oftectually alee oe @s present circumstances have sug- cauie. while on .-board.. the. police: boat pashan ay Loci The uproar and the |, ame ie Cuntrar: ei Le a cul CY . 3 the above, Js to the effect that the absoond- | candosined fxm bank ofeers, ik JO go,one, of the | Hon itenatare himied, sn, Yume, ia fubject tomudick | y four gommitie lee recommend that the Clearing | he ” aid ‘hot mention, the” cane ip “hi | Sf oglosts talon and Whingate, who, ran down son: in rinted report, of which a CO} is an- | 8nd special re ‘peda sy bat Nye ody, J ag bd i! afida) at ie none of McDon- | the street and gr: _ ‘ng cashier was the most trusted official in the 8 given ina pi port, of py tection, Kecemt experience has shown Low rapidly | 1atye and very legiblc impressiona, the rates which are | hei's property, because he did not think that the | ren’ sem Bo Wag ah ah Fini Rey hereto, and to which, with the consequent reso- to be observed by each imber in dealit ith the b- sank.” At its organization this man had been ap- | juuons of the aesociaiod barks then adopted, your com. | Mirty-four millions may be withdrawn from our asso- | {f Lao Soph. member iRceRling WiRRO REIT sega led 10 1 7 institutt det > | lic, as follows :— a ment applied vo it, and believed that it was | ‘The kidnappers resisted the officers and bri pointed teller, coming mittee most respecttully invite attention. eee ee ee eee ee nc eae: | RULES OF THE ASSOCIATED BaNxs oY tax ciry or xew | CONStructively in the possession of McDonnell, | their Tapelrera, Lins. Retons eonsienece Rio eter win K WITH THEIR DEALERS. who was then in Ludiow Street Jail; he delivered it | such eftect that creation of many new institutions since the Jate LY RECOMMENDED i serve, as fixed by Jaw. is fifteen per cent of abilities, and . Pinkerton agd his compapio: ee eectaoreaae, pecaties pubis Taucr and’ thus divert to iiemeclves | waree-Aiths of W may’ consist of apoeiel te Danis in the npocg,bank, shall pay, or procure to Le paid, interest | to Sergeant Webb because he considered it part of | found themselves bel Ind “the ber in Police feade xom the Ninth National Bank, where he had been bo aie ‘atom established channels, has revived the cus. | laTeer cities, who may subdivide it by placing one-half | pon dep the evidence in the case. Farley said that fe first arters. In the thi f th sookkee} Mr. B, H. De then cashier, re- | tom of paying interest upon deposits, and has also led | their own reserves in banks in the city of New York, | 4#..Nocheck, shall be certified until the full amountis | learned of the reward for McDonnell’ ra jostling of the crowd and the SEG: AON 9 Sy) Fos DOW OTe , jee Pty ee ee where again it a further reduction, from the | first deposited. i nnell’s arrest Sn cmeencat ? d twenty-five | 3. Checks upon associated banks only received on de- | tirough the newspapers; he was anxious to be in down York street, Eaton folk h th the case, both through profeasional pride and ade- | lowing in lose pursoit till §=he _re- lence. to yield mo’ ies, agned, and young Lowes was promoted to fil the | {ess te the pressure in ie same direciis , whive it has iit. fa) ebay she ast are ofts ue Str pork eee lepos- | Posit, a yacancy., For four years he held that responsible | duced others to adopt power metho ls of obtaining | fi form part. ‘Th et Rel By all the national 4 Checks upon places out ot New York city received at | sire for the money; both he and Captain Irving captared him. This time Eaton remind Uni a confusion that followed Maher Gh away 5 a! 4 8 5 patronage equally pernicious. rates of discount fixed by Clearing House Commitiee. MMce to the utmost satisfaction of the directors, | P’knd thus sharp and degrading corwpetition has not | banks, of the, United States doce Ha Any witht | _.& Checks will be taken atdeposior's risk and collected | Hd asked the Board for permission to apply for | his prisoner that he would use none but knock- snd not a shadow of suspicion had ever been ouly pyevall among banks in this « ty, oat has been Feterence to tho large amount of debt which is otherwise through the Clearing House, 1 a M Balloo ee weeks ago. down arguments in case of resistance. Both the ‘ ected against him. Lowes, being a man of | Sicste‘unt yf, ngcessary consequence in other places, | Gependent upon the same reserves, When we consider | 4 & Checks not good will be returned to the depomtor the | 27 S™Noe “Correspondence, wad 1 said that he | prisoners were committed to the cells. Bowe was c ‘was supposed to be strictly domesticated; | ciates has led them in pursuit of busi: vss, not only from | that a portion of this Mnal reserve may co! in following. 1 a large correspondence, and sometimes re- | also detained. His hands and his head were badly ¢ oe Fa Mhoust’ 8 matter of course | institutions but trom ‘ail closes o: society. Banks | Which, under present circumstances, has no practical bs NOt —Totly observing these rules will be exclud- | céived leterg Intended for other members of the | cut by the blows he received from the butt ena of Raraitin Geckey. the neces of lewd Pe gd Power'in an extremity, and a furthe? fact that the f= in the Clearing House Association. detective force. Pinxerton’s revolver. ‘The prisoners, in justifica- Pig ees i fed terest paymg banks, which have always held the larger se shall be appropriately framed and always kept ‘CROSS-EXAMINATION OF CAPTAIN IRVING. Som Ok chee cundush: Bradner A requinition dani quel demonstrates it such Part of those reserves, have been forced by their position | conspicuously suspended in the banking room of each in- Captain Irving was then cross-examined >; e #as not the case. It was evident that the misguided continually to disregard the law, it is manifest that the | stitution for public information. P' ‘i 'Y | Governor Dix, but they had no order of removal. requirement, in. its real operation, has not worked | With these regulations the public are always infotmea | Colonel Hastings. He testified that a week or 8 | The requisition charges Bowe with burglary com- ‘man was smitten with some syren, to whose tastes ae was compelled to pander, and, election morning against the publig ‘Wellare or egainst the true interests of | of the terms upon which alone they may conduct their | alter the despatch from Inspector Bailey, of Lon- | mitted in New York. The real object of the gang, it ‘the ban! lemsel v circular | is believed, was to bring Bowe, who was formerly business uniformly with every ban that has the facil- | don, he received a letter containi ‘fering 9 good opportunity, he went to the bank, +) The aband fof the pr ing interest | ities and the support ‘of the Clearing House Association, ui 3 : aclped himself to all the available ready funds né Fesctroes “Of Me nation magnmane of the practice of paying interest | With tucse: always: in view no person worthy of credit | WiNm or nes ge ow eines Tree RRC aa hog | 8 New York city policeman, over to New York in . soar Jey hands on, and succeeded in getting away nity evely pal ves between cash in hand and deposits in | &t # bank can ever ask a deviation {rom them, and no investtvated: ther statement’ tit he had received | Oram neman ight testily against Detectives Far- Be DalpeseOTTS aa ot eration, Gut add | Sides and tng Wy oapba nigeeh whe Couey That | denlr'aiccit is tape Rhows Wo have’ colpronicg ve | such despaveves, ana saw the receipt at the tele- | District Atrorncy Allen, of New York, appeared at - ays c a 5 : Government and other securities to a lar reas of the weneral situation, ‘The ausociated banks ot New | integrity. graph ofice, sighed wich his name, i a hamauerion. [ethan eee inn tae ae ne ts Feat upon current de- | Yoru the ultimate resource in financial emergencies, | , By these important changes many of the evils which | ing which he did not know, and which looked like | honor that Pinkerton and Maher would appear ‘ge sméunt, and several thousand dollars in gold, lying evil results Wed up in a within the safe, Lowes left un- poss, avowed | ar a D gene Loy tyeeg ren ‘are deprived by usury laws ot th wer which is so | have grown up in tne business commuaity, and which | g schoolboy’s; he corroborated Farley’s testimony | this morning for exami douches. ‘This fact tends to show that the there | Batic was conducted upon. spec Gyanis, are freely | effectively used by the principal Sab fa Burope, of | have thelr origin in the viclous practices ot banks, will | in regard to the mamner of boarding the Thuringia; sstonisuiment and dingust of the crowd that att ‘aggravated when. it is res ‘yas not premeditated, but evidently inspired on | currency, which has a fixed andinvariable volume, aud | Protecting or augmenting thelk resources by adjusting sap ain sabetandlal supports Of legifimare poniorc | he first saw McDonnell in the saloon, aiter us | lingered around headquarters, Police Justice Bey- . reli N she spur of the moment, and which flows to and from the commercial centre with the power whch, ieved trom the anxieties | arrest; Farley and Storey, she Custom House | mour discharged them. The punishment for ki > aig! ; | and thelr officers will IN ALL PROBABILITY changes’ of the seasons. such a currency is super. | power which, if practicable, Cougress might safely con: | Witt in the precent unecessary competition, continu. | officer, were with the prisoner. He went with | nappin 7 |e young man is ‘ill inthe city, other eee ee a ea aie with'the Secretary of the ‘Tyessury, with great advan- | Sily Pursue them. Storey and the prisoner to. the latter's stateroom, | And’ the ‘case will be broughe nelore the Gran : would have provided himself with gold coin. On | iy bunks, which cannot keep it idle without loss of tho fe to the country; as also the power of deciding when oH shies gdeergctfully submitted by the committee. | but no examination was made there to his know» | Jury. g appointed cashier Lowes gaye bonds JB the | inert” pald fo fe Girne. Ler a eee eR cion of the nigh toga seguir: | GDA BAA cane ™® | edge; MeDonncl appeared to be in good spirte; ue | um pi amount o! . e e sureties ‘eady | merce does not then demand it It is still 7 at i regarded the prisoner's cane as evidence against | y ye Neen pe “ae Scknowiedged the obuigation, and the other being | suiject, to inant all There, consequently ment in respect to the reserve to be Reid by banks in |W. Js SCREING) President Bank of America, hi. : “— ~~~ | EAST RIVER BRIDGE COMPANY. dead, the executors of the estate have been notific Hooks and bends. in ding which eo moh of the Nae If the legal or financial necessity exists to maintain a MOSS TAYLOR, President National City Bank. The cross-examination was then closed, and the Of the liability, Thus the bank will recover within | Tovabic capital passes for the time into fixed and im. | Certain reserve it is manifestly the duty of every institu. | FP. D. TAPPEN, Fresident Gallatin National Bank. counsel for the defence addressed the Board. pbout $5,000 of its entire loss. Movable forms ofinvestmont, and its cuvental charac. | 00 to carry its just proportion, and no bank, whether | ,JOHN E, WILLIAMS, Fresident Metropolitan National SPEECH OF BX-MAYOR HALL, Mesting ef the Board of Dirseters—7he Ber Repag | zegrota. the occurrence Solely on ac- | ter is instantly changed. Loans are made with facility Jacorporated under national or State law, can bonorably | POvl, evenrrn Cashier National Broadway Bank. Mr, Hall made substantially the following | Approaches on the New York Side— count 0! @ family 0! erring man, whom upon securities which have no strictly commercial ‘Your Committee tnerefore recommend that all the as- ROBERT BUCK, Cashier Pacific Bank. points:—A policeman is not like a domestic ser- Will the Work Cost $12,000,000 or blow has hit very hard. Experts and the bank | quality, new and unnecessary enterprises are encour: | , ciated banks, white they strictly follow the require- | JOHN Q. JONES, President Chemical National Bank. | vant, to be discharged at caprice cr on suspicion; Officers have made a thorough examination of the | aged, wild speculations are stimulated and the thought- | Tente'or the National Currency act, by keeping on hand, | ‘The report is supplemented by Articles ot Asso- | Dut Seles public officer, and many cited decisions | $20,000,000 Jess and unwary are betrayed into ruins eral late cashler’s accounts and found everything kept | ‘ie queumnal demand finds the resources of ¢he nation, | @itaer in coin or legal tender notés, an ainount not less | ciation based upon ald amendatory to the present | Sow that he can only be removed upon atrial, | There was a stated session of the Hast River with Btrictest punctilio. Not a false entry was than twenty-tiv t of thei ni th 7 Betecied. Te business of the bank as ot sua they on only be gee gg ay, ‘dimeuity an public’ ge douuired: always to holt at least Miteen per | Constitution, embodying the foregoing recommen. | #t Which only legal Mp tae byline in a Court, | Bridge Company held yesterday aiternoon, at No. been impaired in’ the slightest. ‘The reason | puoliccminrresdoent “Such has bech car well Kvewa | ceat in legal tender notes, subject only to such modifies. | dations. Reports presented to the banks on March | ¥8t0.be considered. The ortinary policeman, WhO | 44 Water street, Brooklyn. Mr. J.P. Robi Reena ee ee eae ee eicnee vent alter yeas. latercat upon money has, | Hons as the Clearing House Committe may, from time | 5, 1858 and November 21, 1860, are also agpended, | as to officially come in contact with dangerous bppelstatytreabon day A sabia id euler ye. aiet peed polly. tn. ithe. hope pry ‘8 a consequence, fluctuated widely from three and four to time, masaimody Aetarmios. hich, RAILROAD CHANGES. offenders, is put in the power of their malice and | cupied the chair. The treasurer’s report showed Wwes would be found and the funds stolen re- | Per cent per anium in summer to fiteen and twenty | conduct worthy of notec, hecauce IC has heratwiore | g.At8 meeting of the Directors of the Hannibal and | revenge; mnch mars © netcales, wine as vee | that the receipts to October 31 amounted to pr ahh heat alee td s tld HE A ae BALLS evils Felerred touthat no tnsuthtion ve Aulowed to loan | elected President, in place of Mr. E. S. Higgins, pepe rte cae ences ie $4,192,232; expenditures, $4,107,411. Balance on 4 5 , operations tend to such results are enemies to the public | More than two an alf time: and surplus, and John P. Acker, Vice President, in place of B. ‘ hand, 84,821, The vouchere were reported as hav- ‘Mr. Benjamin H. Dewey, whom Henry D. Lowes ope Pp CERTIFICATION OF F. Carver. The Hannibal and St. Joseph Company bribery, perjury and interference with process. ing been examined and found gids ‘The phasic fare, % succeeded as cashier, has been induced again to Deposits which are derived from strictly commercial The practice of certifying. chi upon banks 88 | is reported as having leasea the St. Joseph and | They are not only charged with being knaves but, accept his old position, and as such of§ciates in “good” has proved a great public convenience, and has se Ct the ecurity Bank. Messrs. Edward Clark, Presi- Le ey eR er for that reason grown into extensive use. Your commit: | Denver City Railroad, oe cat Gin une cx aelend emmeoreen man of the Finance Committee reported that Comp- Set eae 9 A. Colby, Vice Fresident and the | which contine their business fo them, as they naturally eereenorcaee ey TE coaeen Gnnetanee McDonnell, and prosecute Irving and Farley. In | troller Green, Commodore Vanderbilt and the late dumatear Seen Reman’ deer a aeacken asd orinair desicrs aed can be Cendnoied ‘with ‘Seno end bank tellers respecting the standing and credit of their SUSPENSIONS IN PITTSBURG. England prosecutions are private; private counsel | City Treasurer, C. A. Sprague, had not attended the others are wealthy men and ri to make good | comfort to their managers and safety to the public. On Savile at ch nile cameal terebencion Dhtees are employed for the crown. Frivate prejudice | sessions of the eommittes. It was, therefore, re- Sr icdeuates centertan ack eats canes tee ee at arded as binding upon institu: | The Duquesne Savings Bank and East | HonsinLagiand than puviic of iair spirit, ‘Caprain | (ested that other members be appointed in their ‘amount of money needed by the institution. | Of interest, oF otherwise, and which must, therefore. of | $0 marked were not “tne capital of this bank is $500,000 and the sur- | necessity be largely loaned “on demand,” are the cause | tous in the nature of an official acceptance, and were, laces. William W. Goodrich sent in his resign: plus more than suficient to cover the defalcation, | of continual agitation and sohieitude to those who hold | WeFetore, not entered upon their books.. It was only | TAberty Tie CEL, Pere rica en | Gat shin tie mObtuotte ubsoned ooaatiar naa second Hon, which was accepted, “A discussion eusu as e since about the year 1850 that a new and influential in- but this did not invite hatched scandal and second even if the sureties were unable co make good the | themin charge, ‘They are ceriain to be withdrawn at | Sittion deemed it expedient to aenine she character of | Close Their Doors—The Depositors Se= | ninq rumor, dut legal evidence without regard to | to the style of approaches to the ay thee ie amount, ‘The Security Bank transacts its business | the season of the year aid at the moment most Ancon- | ‘inact taen Vague and uncertain by charging such | , emred. technicality of charge. He would not quash | New York side, in the course of which atthe Clearing House throwgh the Metropolitan | hes; illustrated by the following figures: checks to the accounts of their drawers; since when they Prrrssure, Pa., Nov. 11, 1873, Murphy said that he thought, having made a re8% r — r i ; h Psy il, charges nor embarrass testimony, but he wanted | phy ght, National Bek: pap PAILURE "Mouse banks or (eu weeks from 6th of July, have become tte medium ot de most mporaat traisac, | |The Doquesne Savings Bank, John MeMaster, | faltness and not such prosecution ss, woull Dual! | troine qiready ‘expended, about $13,000,000 to ti It such writing certified t 1 fact, that th * f . en Occurred on Monday among a line of business | , to 6th of September were. soe GOS: bank actualy had In fomeasion teat eat iach that the | President, on Fourth avenue, suspended this morn- | sence, with no opportunity for cross-examination, | build the bridge. This would be about $7,000,000 drawer of the check the stated sum which it thus agreed | ing. The closing of its doors was rendered neces- | or telegrams never proved to have been sent from | additional. A careful estimate of the probable Which ranks as the best in mercantile circles. | The lowest amount reached to transter to another party, no possible injury, but great | gary from the fact that the institution dealt very | England, and that may have been concocted in | cost of the work should be given to the public. ‘This was the young house of Battershall & Co., No. 161 Pearl street, importers and jobbers of teas. Sh total reduction of. good would ensue. But when a bank binds iteelt to trans- | . ©. K v ti hat the E: - This Orm has besn in existence only three years, | or tieabore amount during the te pod de is sletan aay be A apa ate, UT ped heavily in mortgages and similar securities. Their 5g ee gg nian ties aecanecusd we mitiee arene ateacved ter Teport wach an entimnsts js which they never Intended to assume. uy , the D ctedit amounting to nearly $150,000, Among those | The lowest total reached by them Mie Mater at nerdilyiog checks Is, hecemanly, en- | Teslized upon at'& time convenient to the purposes | Charme mete Donnell ky. arrangement on she | of the Spproaches on the New York side should trusted to clerks or subordinate officers, who | Of the bank, consequently suspension was deter- steamer, to be the “fences” or receivers of his | first bedetermined before any estimate could be 8,016,000 | fe employed 10 perform the ordinary and more | mined on and carried into effect to-day. The | stolen goods. The story isa palpable invention, | made of the cost. ‘who trusted this firm were Israel Nash & Co., of | ce the panic.. Marg .n, ‘35,0004 Tho oe hab oer Car Showing a loss in twelve banks o oat 00 slow & Br . aa eo j Comptroller Schfoeder said the estimate shoull ; : - Pored to be strictly limited’ in giving. to every | cashter said this afternoon that the assets were | When he left London McDonnell either meditated eS mine meneny tet cortad in ae ae eee Mt ccveral OF fee tO | Healer, onty what has betore been received from hin. | fifty per cent in excess of the liabilities, and that | SfTest or he did not expect it. If he expected | be made on a width suflicient to make the bridge ‘answer to the question concerning their bank. | ¢i¢ht banksare more or less involved in the same prac- And the power of bestowing credit 18 reserved for abler | the suspension was due to the gradual contraction, | 8trest why come at all? if he did not, then why | periectly safe, and Mr. J. W. Hunter (Mayor elect Faprey, thet they had muependod payment on ac- | “Ajjehn pan U, notte eullnereanperent Aid lin he ncerent they adeinitee Whogtavenyge: | NUCL Had deen drawing closgr and tighter eines | vice Ome well EnowD,detectiver (6 do such © SOF, | Would be penecuy wing to pay heavy Tents 1OF count o c A ib ‘ the 17th of September. He says all th piciou ig @ ship at Quarantine not Siwat thar rons were Sarena od oat Beeae peed nentired eiiibone Gt a pose lightot their usted windoon «bats tre prmtiee or carte time to convert the seturities Into cast fo pay the the story is true why did they take a Custom | store houses erected under the bridge, and @ Hlabliities, but that they intended to pay 100 cents | three institulions (paying interest to their country depos: | {iE uncovered checks, as pursued in some institutions, eRe ike beets ot sh whose signe’ pe WY Ce phy eGinare bintg Ge tine Of Abe Improvement on . i entirely reverses this established order, and while the | On the heels of y 0: expec . an on the dollar, with interest. In a few days they | itors) owed about fity millions, and including these, | Stvouinie council is carefully deliberating over smaller | sion came that of the Clostag a tie mais suspen- | from whose espionage, in point Tor act, they ‘did | both eides of the river. twelve banks of similar character owed abou: @xpect to have a statement ready for their | Greq millions; that is to say, twelve lustitutions held one. | Credits & non-commissioned omticer is ireely bestowing | Vast Laverty Savings and Deposit Bank, and then | ROt go. Ifthey went to enable McDonnell to give | Comptroller Schroeder was of the belief that if creditors. halt of the ‘ate deposits, and the oth a them in larger volumes, without security, upon be rable property w: ‘A HERALD representative visited several large | thelr associates, the other alt. ‘The propartionate’re: | Cumbaratively irresponsible men, So extensively thas | there were rumors of the suspension of halt-ae them booty, how comes it they did not receive the | ind of the bridge to make tbe Ane approach spoken i" actice been pursued by several institutions that } dozen other institutions of the same kind, w: several thousand doliars’ worth of portable roach from Guten ie asaied sunt tno sespemied ‘iat had iso creat an aver ci the latter wonter weir oe ount of such checks ‘which have. passed daily | happily proved incorrect. The causes of the see diamonds which McDonnell had loose in his pocket- | of the expense would be nearer "$20,000,000, than ‘ough the Clearing House has reached in some in- Ras book, and which he it ed by th 12,000,000, Deen looked upon as plucky, enterprising men, | oma ese? What banks, which pay interest upon money | stances totwice and taree times and in one oF two to | Pensan OF the Kast Liberty Savings Wank were the | Dove: coodoers-uniess he gor rid of them ti they Bescnator Murphy contended that the bridge bat latterly the members thereot had been living | The active demand first came, as it usually e- | four aud five times their capital stock, and this uhrougn | eter impo of collecting currency for notes La ‘4 i built lor $12,000,000, pernap rather sumptuously. that portion of deposits due to country banks: wh, im Jong periods of time. ion i on a. Py aeeteat atau ea rie Cyd Lg gg os ein ie ee Bee ce worth nna a4 1 ho, BS. baransenes oe. 3d fail ft ‘very bank in association is directly involvea in eir deposits. aed eras significance i ans tine at tesiuee tind nS, | oy ratiares or tevaral tip baakere, holaiee less tee | the risks attending this practice, It multiplies exces: | has sustained no losses, unless the temporary Hock. | then packed ina trunk and in an express omice, | | ‘The matter was finally referred to the Executive Others are anticipated to occur. Ances of money dne to the interior, "These deposits were | MVely th sums which such institutions pase through the | up ot some of its securities in Philadelpiiabe re. | 20d Never suspected while there for a whole | Committee, with instructions to report at the next LABOR 188UK. to a great extent loaned upon stocks and bonds in Wall learing House and the consequent balances of the ex- | garded a loss, AM officer of the institution saia | month? Why would McDonnell bring bonds on | meeting. THE U street, payable “on call,” with the confident belict that | Clauses with their associates, which the capital of sueh | today that the securities are all regarded as first | MS person when he had shipped otners by post | Judge McCue stated that he had been informed There is no feature of the present monetary | they were there earning more than the interest paid rox | DANKS cam never adequately guarantee, io | clneg and G80 th oe eee rst | ana by express? The inevitable inference irom | by the counsel that William M. Tweed and Peter B mtuation more deserving of attention and caretut | securing them, and. were avallabl ‘The most striking commentary upon the dangers of this toot and. beside this the ‘Moc tMbillties | The circumstances is that he did not bring bonds | Sweeny had been notified to pay their stock. ‘The 000 ers, 48 promised. But. ry. m th wt Muti | practice was afforded during the late panic by the dealer Brow al sides we learn Peuaiy Of tae caneing of ae oF deposits ‘om the a al the tail thdrawal | Gra bank who bad ia received such Ma ors, and | about thirty in number, are individually Hable. So | 0 his person, and the detectives did not act as counsel had been unable to find the whereabouts “call” from every M4 : direction simultaneous, and closed eve: who, seeing by its application to others, that his own | depositors can sustain no cover. It is said they were too officious in getting | Of Richard B. Connolly. It was expected, how- tories, with aconsequeut discharge of operatives, | direction simultancous and closed every resource from | Checks were in peril, seclined. under advice of counsel, | gv on the part Of the book Woe ee tened this | into the case. The London police. tele; apnea | ever, that Mr. Connolly and’ Mr. Sweeny’ would Gr,the reduction of time or wages of operatives | Borrowers upon stocks were deprived both Grvineis | {corer them py a depot until otherwise eeeured that | Tiohq, ‘Hamilton & Ca,'s concerns in Westinoreland | them. Comity demanded interierence, ‘The dis. | Feturn to this country this fail country it is satisfactory to Mote the ready so- | their sceuitien” toe neveemnry repull, ogcurred, “Banks | ,.No,suffioient avon, in the opiuion of your committee, | county and the suspension of Ira B. McVey & Co,, | tinguished law firm who acted for the bank were | The meeting then adjourned. of the working people in these compro- | Which found themselves in this dilemma ‘had mks | can be given why a corporation should place itseir, with: | of this city. A rumor was also on the streets to. | Undoubtedly under instructions more to recover —_—___—______. mises, “ ask the assistance of their associat out compensation ai ecial security, between two | day that the extensive firm of Carragie, Kloman & } the property than to arrest. Tne detectives had a THE MUOH LIBELLED ERS, wulsoe, notwithstanding, the belie abroad, seer: aan WO. rapid and vislegt that | bart dening with each other, abd ‘become ‘he | Col, manufcturers of steel springs, fad suspendes, | Pride of odice; Pinkerton was only a private de- STEAM 5 ideration of fraternal sympathy, self- guarantor of either in transactions entirely per- x . % o these suspensions, partial or ‘entire, were not ab- A public “satety, compelled a poner eres | sonal to themselves. simply because one or the other | Dut it isdenied. The rumor arose from the fact con i Gy sUhareay iba, einesiparsooioent, Newrorr, R. I., Nov. 11, 1873. that a few days ago the C: but, being permitted by the Fation: and ihe majority, who had tor | it, eposttar im, the tsuiention. We have siready | Fetanaba Furnace, Ol Michigan easren nea. and | ble in hts dot ‘The London police selected the | Messrs. Pollock and Van Wagner, of New York, polutely necessary, but, if stated that th Hi it ble condition of trade, the opportunity was availed of | long years conducted their business upim sound prin. | gated jnat te eats cusledy, Of money eee ot | will pOsMiDIy Zo INC DankruDter? Me eitech Ave | detectives, and the British Consul, in the encom. | libelled the steamers Plymouth Rock, Jesse Hoyt, to about a revolution in labor, And such | ciples, and who had patiently submitted to the loss of | dem pe y. “4 valuable accounts, drawn from them by their associ risks attending such a business 1 that properly | member of that concern, . | astic letter produced, ratified this, It is said th voluton must COME, ter es hy practices against. which they had. gantinualty pre: pperiain to ‘che protemion of "w banker.” And i | Corporated company stockholdersare inatituait, | obstructed Jarvis; ‘but Dr, Mosher or Jarvis iss | Lone Branch and Fall River, now lying at thie toe ere of gee ST O,gIME_ OR WAGES. | tented instantly responded. 9 the caltby pincing eheie | the, Fule be, invariably obwerved of certatne checks | Sianle, Mr. Kioman Is Individually responsible ior | PeCUrer. Xt Yarvis isto ve believed the charge is | ROTt to-day, Luke Slater and others, also of New iy. 01 jone 80 much the debts of that concern, but Netiwe ‘only mem. | Sustained; if mot, it falls, Now, Mosher has no city, took a similar course in rela filgtion produced by the war, with its rapid issue of | towards produsing the calamity, making common cause, | i the bank no one can be injured or offended when he This is the fourth oy % 2 | is ti rer if I ber of the firm of ©; , motive either way. Whether Jarvis has is to same, excepting the Fall River. This is r dollars, 18 sufering & reaction. ‘The large | the weak witn the strong, to Averta universal catas- | treated in all respects-like every other o eh ie | oF an interessed: ty Teele, Kloman & Co., who is | Considered from his extraordinary demeanor pba Series of libels that have been placed on these 4 rs. ‘The restriction suggested will work K balances, the result of fat contracts, and tie a expedient was found by which the stronger banks | to every interest-to the banks, thelt shareholders and on the stand, his verbal exhibition of animosity | ts within the past four weeks. extravagant living consequent thereupon are i ter. thi bt their associates—by diminishing’ the risks now so widel: db — fading Visions, and a new thought, of retrench- laced themselves under the ynequal burden and equal | [heir ast ne ft alee Gaatarn Boe ccettine the T ly 3 an 18 plump confrontment by Mosher on the r ed, the presrare ‘by eather dn tneit resourcesand | IncUred, and it also conformsty and confirms the law A. & Ww. SPRAGUE & CO. vital point. What motive had the detectives to THE BAR ASSOCIATION. keep Jarvis away? Not to 1 the aconsera.) But the Custom Houss The New York Bar Association met last evening. was always by, and he is aa| After the transaction of the usual routine business a er than Jarvis as Jarvis is sharper Nicoll to retract the resolution than an owl, The detectives, if on the lay, et quvaring Eh, D. Hatch unfit for the office of Ment, economy and cautious expenditure, is sup- lacing them at the disposal o: gre: planting the reckless style of ving which followed | thus furnished with means to mect the demands ot their | sect to nauionnl banka ie ‘ i . ve themselves from publ! Your committee, therefore, recommend that in no case 7 » ha is strife. With the inauguration of | depositors, and to rave caer NEY (FOR disse eg | shall's check or other obligation be ceriied by abank | JU4we Curtis, of Boston, Engaged to As- from 4 eae social and eengere, peut. cant come a | Bil thet dealer in ee public ‘confidence in inatintions | auless the amount of itis first found regularly entered | sist in Preparing the Deed of Trust= we have Fut pecome sogreatiy impaired that the wioget tender | {0 te credit of the dealer upon the books of the institu | ye Mitts still Get '¥ of calling back their deposits i beg required, nnd to these the mm part seen. It is impossible that labor ” 000, on the 4 ange 3 rove a single exception in the operation of tember, 1a ,5a400 the Tet of Detdber—e amore st imarasion Kxematon, PROVIDENCE, R. Is, Nv. 11, 1873, | Back JATVIB and’ took alone eee ee ee ReRE | Justice of Marine Court, "ihe. table, PUne meeting ease ee eee ORT Te eee ee a eet dy imicuns in "hema “teed | ant atom dias Brown wp amwong the avsvclated tanks | The trustee deed of the sprague property is not | eMicer. The latter is clearly at fault im his memory | (e,clection, yas lala on the ‘able The meeting , De May struggle for Tims ageteet- thoes always deen inerely nominal, but mhote resources | 6 {hpea themselves and thus admuting tothe | yet completed. I learned this aiternoon trom | Moponneil’s Ameer be Sout tat bean on | ‘Hen Adloue —__. ire sother jonsand to: | 3, inger XH Ce sieae oo Graqun cuit Paying banks ih “ihe principal cities, were, under the Fe eerie Hover ule toregdiar membership, | COUNSellor Benjamin T. Thurston thet Judge Curtis, | duties, knowing who he wae and wher ies cher THE EXHIBITION LOAN, mediam never | participate In all its advantages without sharing its ex: | of Boston, has been engaged to assis ter w ommittee ‘associated banks were nses, {i nyt bmitt fr 5 gaged vo it in the prep- ‘a8, es, the captain of the steamer Cc GONERRVATIBM. AND A‘GRADUAL COWTRACTION ov | asked to'tuethde ss well ss to the demands of Vania Sona Uter ia roa Asacciation has ko pos, | aration ofthe deed, the debtors and creditors alike Woatifien shas he saw 16 Br Ame yp tenndinn pied ay eere pect eget bane ae hppa. am SUPERFLUOUS OUTLAY, dealers at hone. Sible control. “They consist of barks aud corporations of | wishing to have it perfect in the min: Woman passenger, and never afterwards on | Alderme: s For and Against | so0king to the return of all values to a specte level, amen eed eerie sane ele pocasion, A yben Ratolats Ore Tarious obaracter an objects in, this city and vicinity, The power to be invested Inthe oe ie MeDonnell’s finger. It is said that Farley took a the Loa #0 that resumption may come without danger, bé | Witch thee ee eer ae upon the happy | armat! "om Attract to themselves deposits of wet’ | Thurston says, 18 w matter of the highest ime {snugly pe tie Nae oeeny and used and displayed It | qe Committee of the Assistant Aldermen 4j the wise policy that shall govern us in the Iuture, | sscape from a most umminent danger Which threatened | extraordinay: ac and use. it tor purposes | portance Where such a vast amoun peniy in the Getective office. Ishad an ingcrip: a Mike an ikcieidunis ae tn bur aggregate Dationsl | thor sat ait ete here Ee larger Atle as too | Sad entereetden, Ture the Wicaitinnte tp mks bark, | Bithouch wrest. ond verter’ t fol Property, | tion on it which made it a clew whereby to trace | pointed to hear argument jor and against the loan ‘Ud endeavor, all forms of labor which | much to say that had it. been less boldiy, promptly or | ing. The associated banks thus find themselves sur- ni Ms Interests, is involved, | the Bidwells, When he omitted to return the cane | of g2,500,000 to the Industrial Exhibition Bove been advanced ih price by the pressure of | Unantmoudly ‘encountered, ‘the, remults must have been | rounded by aiivem competitors in thelr proper business, | 4nd hence the necessity for additronal ‘and eminent | on the attachment Company Wore disastrot oe whieh increase tl * te counsel. In the meantime the Sprague savings | plains this by remembering that Farley and it is said they wil pr asked the Deputy Sheri if i¢ cov- } report in favor ofthe low. The attendance a e combinations out of proportion to surrounding curred during the widespread than auy that have oo- oir risks, while ar Upon them | Danks 1 present for satisiactory balance jn bank, ave in the same condition, and their , n Operation. Sev- r " riey has the re- | in the discussion and con, Todd, * not only invest hig the urces at their command in | eral changes have already taken place durmg the Reipe: Of Iebpentor Web ot iene, for the cane, | tary of i campa: M.D. weiner award ‘om ‘mio Oe ov to be sodas med UM 80 hal but hi hail Rot ond inson ani Serril , Nr ted, simply followed the ordinal ‘4 t on thefr Garon bank, fee neath face’ in Hime of 5 Past jew days in the management of institutions | No one | pesvert af that Irving and Farley ever went berts, Theodore E. Hinson ana J, B, I, ws of trade-—supply and demaud—will readily ad- with which are deprived of a large portion of com: ich the Spragnes have been prominent a i in, except once when he was | engineer, spoke in favor; mercial de) “ase seul pavurally to them, and | identified, and more are likely to follow. my ay the. ay The case is not only not the ioe Berg! » Joseuh B. Youu ave olka tanto ‘Jens tgncit to the new or r of things without seri- fo ous distaybange elas The _work- ng the pablig The Sprague mulls are ablll in aneration, poptained, bus whe vestuMmony for We we Ingpector McDermott © | neid a session yesterd tion, ligently recognized the ‘associates by which the late financial com- a and the community jorer. been no diapositton whatever to deal in Path i Sot lg pret an w jeeling pre- in carport Aetire & wnanimo! deter Hon wa Feri ‘oxigen eS ew ee °