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Show THE FINANCIAL CRASH. Onlj Four Millions. Xl'W York, 22. J:iy Cooke &. Cu.'s puMUhrxl ELUtment phiccs their hilitiesatnotovcr f lAV.OOO, whidi is fully covered by assets. The ran on the banks is not extensive to-day. It la rumored that the Bank of North America originated the statement that A. D. Williams & Co. had overdrawn over-drawn (heir account $20,000. Williams Wil-liams it Co. have made the deficiency good. The run on the Fourth National Na-tional Bank lias continued to-day. All demands are promptly met. President Pres-ident Calhoun is conhdent that the bank will come out all right. The lending feature to-day has been the run on some of the Savings banks. The heaviest run took place on the Blcecker Street Savings bank, but even demand was paid. The Bow-cry Bow-cry bank also sustained a heavy run, as al?o did the Union Savings bank. A small ran was made on other hanks, but moit of them paid nil demands, de-mands, while others required five or six days. The excitement appeared to be confined, almost wholly, to the cast side Savings banks. Those on the west side for the most part, are I usually quiet. The Union Dime bank of Canal street, however, experienced ex-perienced a considerable run, as also did the New York Savings bank, but both are sound. Sa viu?s Banks Mule. It is the general opinion of hunkers hunk-ers and business men that all Savings Sav-ings institutions will come out safe and sound, and that tho back of the panic, is broken. To-day towards afternoon af-ternoon the run on many banks subsided. sub-sided. Tim lpnn of the nanic has been a severe one to the banks, both large and small, and will not be soon forgotten. It has shown the drawer of the certificates, where there may be any doubts of good security. The day closed with a general feeling of improved confidence in all business quarters. It is thought one day more with the Stock Exchange closed will go far to putting to rights and- allay the panic which has spread from Wall street over the whole city. The Central Pacific dividend, due to-day, at the company's office throws one million additional capital into the street, the payments being made as certificates of stock and coupons are presented. Hoboltcii Hotter. Hobokcn,22. The run on the First National bank of lloboken subsided this morning. No depositors appearing appear-ing to demand the closing of accounts. ac-counts. , Brooklyn Bunks pull Together Brooklyn, 22. In consequence of tho Wall street panic, the presidents and other officials of the various banks have held a consultation in order or-der to determine what course they should pcrsue in the event of a panic and run on their banks. They resolved re-solved to aid each other in the event of a panic and to sell governmen t bonds before refusing to pay at once. President Grant's Position. Washington, 23. It is now known there were some inaccuracies in the various accounts published of Cieneral Grant's communication to the business busi-ness committee of New York. On Sunday, Cieneral Grant authorized the statement that no question regarding the constitutionality, or unconstitutionality unconstitu-tionality of the issuance of a part, or all, of the legal tender reserves, was involved. lie deemed the requot of some members of the committee, that the legal tender reserve be transferred from the treasury to the banks, to be a clear violation of the law, and even if lawful he considered such a course antagonistic to the business interests of the country, and, in fact, was strongly protested against. Ho will go to kthe furthest possible legal limits in the use of the resources of the treasury to protect tho legitimate business and commercial interests of the country. lie Thinks lie is IligM. Ho is convinced of the legality of tho past course of tho government in drawing upon the legal tender re-servo, re-servo, and, in order to satil'y himself most thoroughly about the matter, he called upon and spent an hour this afternoon in consultation with the First Comptroller of the Treasury, the Hon. K. W. Taylor, with reference to the law as to the issue of legal tender reserves, and as to what had been the rulings of tho Department when this subject came up during the administration adminis-tration of JXr. Boutwell as Secretary, and of his successor Judge Richardson. Richard-son. Sir. Taylor said that when the nLir.,r. Wl L cK-,;m1 rt l.i,., heretofore he had given his opinion unequivocally that it is lawful to issue these reserves, and that in his mind there was no shadow of doubt about it. Xo Stock Exchange. New York, 23. The governing committee of tho Stock Exchange have decided not to open the board at present. Better Feeling in Louilon. London, 23. Tho news just received re-ceived from America relative to the financial afiiiirs in New York city anises a better feeling in the market of American securities. lloiv Milwaukee Ft'ds. Milwaukee, 2.1. There is considerable consider-able trading on the streets by wheat brokers, notwithstanding lho resolu-lution resolu-lution of Monday adjourning the I board till Wednesday morning. Much ! anxiety is felt to know tiie financial feeling in New York. The banks here still continue to refuse to carry cash wheat or buy exchange on New York, which has a tendency to stop trading and but small business is doing. do-ing. (rant ami Johnson osc lleuvilj. New York, 23. A Washington dispatch dis-patch sava the most prominent depositor de-positor in the First National hank of that city, next to President Gram, was Andrew Johnson, lie has always al-ways kept his accounts in that bank since he was made President, and it win Lie rcmeniocreu mat, wniiu uen. Butler was making an investigation as to the causes which prevented the impeachment of Mr. Johnson, by his examination into the bank account ac-count it was found that this did not exceed $75,0iX at the time. At the time of the failure of the bank Mr. Johnson had $'.10,000 to his credit, on which he was receiving 6 percent, interest, in-terest, which was his only revenue. Should the bank be unable to discharge dis-charge its obligations, a contingency by no means improbable, ex-President Johnson will be almost penniless. Another Case Which will excite sympathy is that of Mrs. John G. Wilson, whose husband, a Member of Congress elect fmm Oregon, recently died. Mr. Wilson Wil-son had $1,000 on deposit in the bank when he died, and arrangements were I making, by Judge Williams and Senator Sen-ator Kelly, ,to obtain the monoyjfor the widow, who is wholly without means, and is now teaching school to support her family. The Smithsonian Institute had ten thousand dollars on deposit. The Children's Hospital Benevolent In-li-tution, which has been of great good in Washington, had Sl'.t.OOO. Jinige McArthur, of the District Court, lot $1,000. Senator Patterson, of South Carolina, is yaid to have had $H,O0..i iu one of the suspended banks. Ad miral Rowan had $o,0i"). The widow of a former navy agent had $17, 000, the proceeds of the sale of all the property she had; and it is said Gen. Hunter had a large balance to his credit. Even Mr. Knox, comptroller of currency, whose money was in the hank, said he hadn't money enough logo to market with, the day alter the suspension. The Consultation. Even banking institution in Brooklyn, Brook-lyn, with a single exception, was represented re-presented at the meeting of Presidents Presi-dents yesterday, when it was determined deter-mined that, in case of a run on any of the banks, all the others would come to its assistance. It was also resolved that the savings batiks, if necessary, ne-cessary, should take advantage of the thirty day clause in their charter. A number of poor women, and laboring la-boring men, have gathered nt the savings banks waiting for their'opening but nobody seems to think that anything any-thing like a run will take place. The Rev. Wm. Guinn, Vicar General of New York, was at the Emigrant Savings Bank vest onlay, advising depositors de-positors to leave their money with the bank, where it was safe. He promised promis-ed to he on hand to-day. General Hillhouse has declined to give the 'names of sellers of bonds, on the 'ground that ome sellers are connected connect-ed with savings banks, and to announce an-nounce that they had sold bonds 'might bring discredit upon their banks, which the facts do not warrant. |
