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THE EFFECT ELSEWHERE. Run on the Albany Savings Banks. ALBANY, N. Y., Sept. 22, 1873. There was quite a run on some of the savings banks here to-day. The Albany Savings Bank paid out $50,000, the Home Savings Bank $6,000 and the National $12,000. At two P. M., when the banks closed, there was a better feeling prevailing, and it is thought the run is now over.
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gathered at the Savings banks awaiting their opening, but nobody seems to think that anything like a run will take place. Rev. William Quino, viear-general of New York, was at the Emigrant Savings' bank yesterday, advising the depositors to leave their money with the bank, where it was safe. He promised to be on hand to-day. CHICAGO BLOWS HER BUGLE. CHICAGO, September -The THbune of to-morrow says, editorially: "There were wild rumors last night in New York, alleging the failure of any number of Chicago banks, the deliloraiisation of the grain trade, and general disturbance here of financial matters. The first and only information on this subject was received here from New York in dispatches making inquiry as to the extent of the trouble. We are happy to say that no bank in Chicago failed yesterday, and that when business closed in the afternoon, despite the intelligence of the failure of Henry Clews & Co., there was no falling-off in the confidence that the banks would safely go through the storm. There was a decline in wheat and other grains, but nothing that was not due to the general decline in business incidental' to the stringency of the money market. ALBANY QUIET. ALBANY, N. Y., September 23.-The run on the Albany savings bank closed this noon, and the deposits at the close were much larger than the amount paid out. The panic is over here. THE QUAKER CITY COMPOSED. PHILADELPHIA, September 3.-The financial crisis here is over, and the bankers and brokers are transacting business as usual. All the State banks that were under temporary difficulty have resumed except the Union and Citizens banks. The latter will soon resume. All the National banks stood firm. No doubts were entertained of their stability.
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The Panic at Albany. ALBANY, Sept. 23.-The run on the Albany Savings Bank closed this noon, and the deposits at the close were much larger than the amount paid out. The panic is over here. -
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ALBANY. Ran on a Savings Bank. ALBANY, September 23.-The run on the Albany Savings Bank continuee, and the contagion is repreading and small gatherings are noticed at nearly every savings bank.
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The Situation Elsewhere. / Four Banks Suspend in Petersburg, Virginia. RICHMOND, VA., Sept. 23.-The Merchants' National Bask, the Planter3' and Mechanics' Bank, the People's Bank and the First National Bank, all of Petersburg, suspended this morning. The Citizens' Bank, of Petersburg, although not suspend ed, declines payment. Rumors of a beavy commercial failure are rife in that city. The banks of Richmond are all quiet, but there is consider able excitement here over the news from Petersburg. Result of the Panic on Locomotives. PATTERSON, N. J., Sept. 23.-In consequence of the general depreciation of new railroad securities, orders for locomotives for three months ahead at Rogers' Locomotive Works in this city, have been cancelled, and five hundred and eighty workmen were discharged to-day. It is fe red that five hundred more may be discharged from the same works and several hundred at the Danforth and at the Grant works. Confidence Unshaken in Canadian Railroads. OTTAWA, Sept. 23-The Government has received advices by cable stating that Mr. Tilley, Finance Minister, has successfully placed on the London market five per cent loan of two millions sterling for Inter-Colonial railways. The bids amounted to four millions sterling, at an average premium of 412 per cent. The interest is to begin from the 1st of October. Trenton Easy. TRENTON, Sept. 23.-There is no run of consequence here and no failures. Poughkeepsie. POUGHKEEPSIE, N. Y., Sept. 23.-Information from Amenia, states that the iron ore men are making & run on the bank there, and that the bank is standing it well. BRE A Reaction at Albany. ALBANY, N. N., Sept. 23.-The run on the Albany Savings Bank closed this noon, and the deposits at the close were much larger than the amount paid out. The panic is over here. Philadelphia on its Feet. PHILADELPHIA, Sept. 23.-The financial eris 8 here is over, and the bankers and brokers are transacting business as usual. All the State banks that were under temporary difficulties have resumed, except the Union and Citizens'. The latter will soon resume. All the National banks stood firm. Chicago. CHICAGO, Sept. 23.-A report gained circulation here to-day that there were rumors in New York of the failure of heavy grain dealers in this city. There is not the slightest foundation for the report. The slight run which began on some of the savings banks yesterday has entirely subeided, and they are now paying without asking thirty day's notice. LATER-The news of the failure of Clews & Co. had the effect to depress the
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The slight run that began on some of the savings banks yesterday has entirely subsided, and the banks are now paying those who do call for their deposits without asking any notice. RICHMOND, Sept. 23.-The Merchants National Bank, Planters' and Mechanics' Bank. People's Bank, and First National Bank, all of Petersburg, suspended this morning. The Citizens' Bank of Petersburgh, although not suspended, declines payment. Rumors of heavy commercial failures are rife in that city. ALBANY, Sept. 23.-The run on the Albany Savings Bank here closed this noon, and the deposits at the close were much larger than the amount paid out. The panic is over here. PATERSON, Sept. 23.-In consequence of the financial crisis in New York, and the general depression of new railroad securities, orders for locomotives for three months ahead at the e Rogers' Locomotive Works, in this city, have been cancelled, and five hundred and eighty-five of the workmen were discharged to-day. It is feared that five hundred more may be discharged at the same works and several hundred at the Danforth and at the Grant Works. PHILADELPHIA, Sept. 23.-T he financial crisis here is over, and the bankers and brokers are transacting business as usual. All the State banks that were under temporary difficulties have resumed, except the Union and Citizens. The latter will soon resume. All the national banks stood firm, and no doubts were entertained of their stability.
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The Financial Crisis. New York, 23. Mr. Comp of the Clearing House, states that $10,000,000 of loan certificates have issued up to to-night. There will be a meeting of the associated brokers to-morrow at ten o'clock at the Merchants' Bank. The brokers to-day were making settlements between themselves of old contracts, and it is estimated that over a million shares have been cleared. The failure of Clews & Co. left the street at the close of business at three o'clock in a condition of wild excitement, and the headway made in restoring confidence up to one o'clock to-day has been lost. There has been a relapse and damaging rumors are again current. A private despatch received this afternoon from London, says Messrs. Jay Cooke, Mc. Cullock & Co. are throwing out the drafts drawn by Messrs. Jay Cooke & Co., which have come to hand since the news of the 8118pension was received." All the papers here call on the governing committee of the Stock Board, to keep the exchange closed, and the feeling on the street is almost unanimous that it should be kept closed for the present. It is reported that Richmond, Virginia, is on the eve of a crisis. The slight run that begun on some of Savings Banks yesterday, has entirely subsided. Philadelphia, 23. The financial crisis here is over, and bankers and brokers are transacting business as usual. All the National banks stand firm, and no doubta are entertained of their stability. Albany, N. Y., 23. The run on the Albany Savings Bank here, ceased this noon, and the deposits at the close was much larger than the amount paid out. The pasic is over here. New York, 23. The investigating committee of the Union Trust Company here, have not completed their examination, but expect to conclude to-night. Nothing is known as to the whereabout of Carleton. The associated banks will hold a meeting to-morrow for the purpose of making arrangements to issue another $10,000,000 on loan certificates, the ten millions issued on Monday having been exhausted. Chicago, 23. The reception of the news of the failure of H. Clews & Co. had the effect to depress the prices of grain this afternoon in the open board, wheat closi: g at 98c. cash, and 103 seller October; corn, 35 r 2c. cash, and 38c. 3-4 seller October. A report gained circulation here to-day that there were rumors in New York of the failure of several heavy graintdealers in this city. There is not the slightest foundation for the report. as there has been neither failure or rumors of any here.
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IN NEW-YORK INCREASE OV DEPOSITS IN THE ALBANY SAVINGS BANK, ALBANY, Sept. 23:-The run on the Albany Savings Bank here closed this moon, and the deposits at the close were much larger than the amount paid. out, and the panic is over here. in RUN ON. THE AMENIA BANK-THE REPORT DENIED. POUGHKEEPSIE, N. Y., Sept. 23.-Information from A menia states that the iron-ore men are making a rup on the bank there. The bank is standing it well. 6.p. DA-A telegram from Senator Palmer, President of the Amenia Bank, says the report of the run on that bank is untrue.
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No Panic in Albany. ALBANY, Sept. 23, 1873. The run on the Albany Savings Bank here closed this noon, and the deposits at the close were much larger than the amount paid out. The panic is over here.
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RECLUSIVELY FOR THE DAILY DISPATCH NEW YORK, Sept. afternoon after several gentlemen, Mayor with Havemayer. decided consultation to isaddress on the present condition affairs, to of the Board of cial of sue financia! meeting an transmit Alderman, to a When spewhich was called for to-day. asked what his views were upon the panic, the Mayor said be had intended the working men and laborers continue their run on to not advise to assured the various that savings banks, as be felt their deposits were perfectly secure, and that a run during the present panic might involve a los of both principal and interest. Mr. Bailey, the new receiver of the Bank of the Commonwealth, was at the Bank to-day at au early hour, busily engaged in examining the accounts. he was not snfliciently familiar its affairs to give an account with He said Bank. of the He property belonging to the however, that the secured; further were is satisfied, fully than depositors this he not Mr. Meigs, the Governbank examiner, after an of the affairs of the ment could tion National examina- Bank Commonwealth, expresses contithat the depositors dence of the will be receive meetevery dollar due. There will ing of Associated Bankers to-morrow at o'clock. The following private dispatch has just been received: LONDON, Sept. 23.- -Jay Cooke, McCullough & Co. are throwing out drafts Jay Cooke & Cc., hand since the news come drawn to by whice of have their suspension was received. PHILADELPHIA, Sept. 23.-Financial crisis is now over and bankers and brokers are transacting business as usual. ALBANY, N. Y.. Sept. 24. Run on the Albany SavingsBank closed at noon. Deposits at close were much larger than the disbursement: The panic is over here. RICHMOND, Va., Sept. 23.-Banks here have decided to stand by each other and believe that they can stand any run that may be made. Public contidence is unshaken. The Dollar Savings Bank will snspend to-morow. Its ai sets are more than enough to pay depositors but are not immedietely available. Sr. LOUIS,, Sept. 23.-A prize fight between Tom Allen and Mike McCool took place th is afternoon at a place in Illinois 14 miles above the city, and was witnessed by a crowd of 2000 persons, who went up on the steamer which conveyed the cembatants to the ground. was brief, fierce, and bloody; in seven Allen The fight winning rounds, fought the in 19 minutes, getting first blood in first roundand first knockdown in the fourth McCool was terribly battered, his face at the end of the battle being a mass of flesh swollen, bloody escaped and both eyes closed, while Allen with scarcely a scratch, his antagonist never having succeeded in touching his face. LONDON, Sept. 23.-Morton, who perattended to up to of his death, the sonally moment Gaptain Hall makes the statement that Hall returned i perfect from the journey final illness. He was a time health his which short preceded where he took some coffee and in his immediately cabin afterwards they became sick and vomited. Hall said were poisoning him and Morton evidently believes the same thing. He also suspects the subsequent medical treatment but he has, however, a violent feeling against the Doctor, which may color his judgement. PORTO Plata, Sept. 8.-Revolution against the Government of President Baez has assumed alarming proportions. It has every prospect of success. Monte Christo and Guaybin are in possession of the revolutionists, who are in Porto Plata. Martial law has been proclaimed. An attack is momentarily EXpected. The sudden change in favor of the Revolutionists is owing to General Garcia, of the Baez party, espousing the Revolutionary cause, with 600 men. The c of the Revolution is .. Down with the Samania Co. and Baez. There is reason to believe risevery business that the the Reving will rot injure as olutionary party promise to interfere with no one, saying that their only object is the overthrow of Baez. NEX YORK. Sept. 24.- In Street the day opened with an to-day, Wall of the unsettled feeling, in consequence suspension of Howes & Macri, bankers, and Brown & Watson, gold brokers.There is but little excitement. Later-An improved feeling prevailed when the clearing house meeting adjourned. Money is about 1 per cent. per diem; foreign exchange dull and nominal. Prine banker's rates marked down to 7 for 60 days and 7 3/4 for short sight. Good bills could be bought for much less. Offerings of U. S. bonds to the Treasury have been slow and lagging; only $2,611,750 were received, In the a strong demand for all classes of U. S. bonds, for cash, of course, noticed, street, though, has offerings been The elearing house commitin loan a total to-day, tee were issued slim. making $2,500,000 $12,500,000. thus certificates far since Monday morning of