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Show It elegra m s . i THE FINANCIAL CRASH. U uHhineton Feeling Better. Wasbington, 20. Telegrams from ! XewYork indicntinga better condition I ofafliiirs have had u cheering effect and i have served to allay the fears of many i persons who began to get discouraged, j .Messrs. Riggs it Co. received, to-Jay, nearly $1,000,000 in deposits, more ' than one half being in currency. The public debt statement for the present month will show an increase in debt. Receipts from customs have fallen oft more than 50 per cent, aince the panic began. A Pkilnilelpliiii SuKpensioii. Philadelphia, 20. The firm of B. Ballock & Sons, wool dealers, suspended sus-pended payment this morning. Their total indebtedness is said to be $2,000,000. Their suspension was caused by the failure of thfkilendinning Manufacturing Company, of XewYork, Xew-York, which owe the linn $600,000. Messrs. Bullock have on hand an enormous stock of wool, and sold a large amount on promissory obligations. obliga-tions. The firm are not concerned in the Conchocon mills, which are owned by George & James V. Bullock, Bul-lock, and are not in any way aftectcd by their suspension. Washington Savins Hunk. Washington, 20. A largo meeting of depositors of the Washington City Savings Bank was held to-day, and a committee was appointed, with ex-Mayr ex-Mayr Walsh as chairman, to confer with the President of the bank and the Receiver to ascertain whether measures can be taken by which the bank can settle up ita own affairs. Confidence is expressed in the institution insti-tution and in the integrity of its officers. offi-cers. The depositors have another meeting on Wednesday to hear the report of the committee. Kentucky Batiks. Louisville, Ky., 30. The commercial commer-cial condition is better here. A Clearing Clear-ing House was established by the banks to-day. All the banks are connected with it, but four of the old ones which continue to transact their business as usual, having no fears of any trouble. trou-ble. They are the First Xational, German, Kentucky and Bank of Keu-tucky. Keu-tucky. Specie Payments. . , i Xew York, 30. The Tribune, editorially, edi-torially, maintains that the present is the best- opportunity that over oc-currd oc-currd for the resumption of specie payments, and yrges the President to Bcize the opportunity and lift the whole country ut of financial embarrassment em-barrassment to pure and solid ground. It suggests that a special session of I Congress be called to legislate for ro- i sumption. York Stock Exchange, ! Xew Y'ork, 30. The Stock Kx-J i change reopens this morning, after,; j being closed ten days. Much com-1 ! plication, that has existed during that j period, has been done away with, i I Many prominent houses report that f,1iey ha;.e uileckxl settlements pf their trnnsaetioiTs. It is the belief of those who are well informed that the settle- mcnt of transactions will greatly reduce re-duce the number of insolvent or defaulting de-faulting me libera of Exchange, who will be reported on the reopening today. to-day. On Saturday, ten days ago, when the board adjourned to prevent further depreciation of values and re-1 press the panic, it is said the vice pres-; ident held in his hand thirty nonces of suspension of members; but owing f.0 tho exctyemont ho waa unable to read them to the board. Nearly all these members have withdrawn their notices and are resuming business. It is thought that some further failures fail-ures are inevitable, aild that several will be announced at the expiration of the three days of grace, allowed by the suspension rules. The action of the governing committee yesterday will, "however, lessen the number Of failures. As it is, the Exchange, therefore, opens to-day under a more favorable and hopeful aspect than could have been anticipated. The Currency Drain. The drain pf currency from this city to the country banks itj'ilimiiiiah-ing, itj'ilimiiiiah-ing, simply because currency is growing grow-ing more scarce, and the demand can only be partially satisfied. The ex-presscom ex-presscom panics also say the shipments of currency have fallen q(V greasy during the past week. The City Comptroller, to-day, gayo it as his opinion that all tho city banks, other than savings banks, which had refused to pay out money on checks of any amount, had virtually virtu-ally forfeited their charters, and that such could be proved if any depositor chose to take the case to law, M ull Street at Work. The opening of the Stock Exchange to-day, naturally attracted a crowd of strangers to witness the business while the members of the Exchange themselves were in larger attendance than usual. The whole scene was exciting and interesting. Resolutions, adopted by the governing commutce, were read, and after the first fush qf excitement the brokers commenced speculations as calmly and quietly as though no financial hurricane had swept over Wall street. Indeed, the transactions were res important than usual, and it soon became evident that speculators were withholding their orders until they could more clearly discern the probable proba-ble course of prices. . Brokers also hesitated about dealing among themselves, them-selves, because they could nut yet determine de-termine who was sound, nnd who was solycnt- These lacLj, hovever, will be ascertained before the day closes, and, unlos some imjHirtant failures arc aniu'iuitecd, Uuslucas will icaumo its wonted channels, though veryi probably attended by periods of much excitement bcibrc any settled eondi-, eondi-, tiou of anami may be assured. It is very important that tho banks and other lenders on stock collaterals should not press their debtors, for, if there should be an active realization, many linns would bo forced into bankruptcy, which a little consideration considera-tion in' the extension of time would render altogether unnecessary. |