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Show THE FINANCIAL CRASH. .tlorc Bank Failures. Cbicti;40, 2fi. Tlie following bitnks hiive Biibpcudctl to-dtiy, ha-iiig fuilcd to pass tlirou.L'li the clearing house: Tlie Union Nivtionnl ; Cook County National ; Manufacturers' Vniuii ; Second Xationul ; and Xational Bank of Commerce. Chicago, -3. The following notice was posted by the Union National Bank: this morning: "Owing to tlie active and increasing demand by our depositors for currency over the counter, coun-ter, and the requirements of our country correspondents, which we see no way of continuing for any considerable consid-erable time to meet, we aro under the painful necessity of suspending suspend-ing further business for tin present. pres-ent. The difficulty of making tlie balances due us Irom other cities, immediately - available, the temporary tem-porary cutting off, virtually, of all our ordinary supplies of currency, and tlie want of any future concert of action ac-tion amongst the banks that have honorably paid all their checks and settled their balances at tlie clearing house, seem to leave us no alternative. alterna-tive. In adopting the course we have, we believe we act for the best interests of our depositors, as well as our stockholders. stock-holders. The bank is perfectly solvent, sol-vent, has met with no losses by recent suspensions in the east or elsewhere, and has in cash, and good demand and time paper, maturing within with-in sixty days, abundant assets to pay all liabilities to depositors,- leaving its capital stock and surplus unimpaired. It cannot, however, how-ever, in a time of widespread financial finan-cial disturbance like the present, pay all its depositors in cash at once without with-out negotiating or selling its bills receivable, re-ceivable, and that is impossible. All collections in our hands maturing in the next few clays, and all remittances received by us will be turned over, unless otherwise ordered, to the Merchants' Savings Loan and Trust Company. If permitted, we will proceed pro-ceed without unnecessary delay to settle fairly, honorably, and fully with all our depositors. (Signal) W. F. Coi.BAi'Gii, President. ' ' Opiniou of the Xcw York Press. New York, 26. The Times this morning, in editorially discussing the situation, says: Superficially the crisis seemed to have abated yesterday, yester-day, and, because there were no fa.il-ures,many fa.il-ures,many people supposed the panic over. Government, however, is better bet-ter informed. It must, for instance, see that the crops have suddenly been checked in their progress to the sea board, that the grain already here cannot be shipped, that foreign exchange ex-change is almost extinct, that we are . gradually getting back to the system of barter. It is impossible to be blind to what is now going on. W'c venture ven-ture to suggest to the secretary of the treasury tho propriety of once more considering two of the most objection-, able measures which -have been, pressed upon his attention, the pay-: mcnt of the 1S74 londs of next Jan- uary, which will release about $8,000,-000 $8,000,-000 -in greenbacks, and tho purchase I of sterling hills to the ahlount or at least $5,000,000. The latter device would rescue the export trade from its present dead lock, and set exports free again. Neither of these measures meas-ures wniild be in contravention of law. They arc both urged by the most experienced and conservative of our merchants and bankers and therefore there-fore ought not to be dismissed without the most thorough consideration on the part of government. None Too Soon. The Tribune argues that the secretary secre-tary did not stop the bond purchases a moment too soon. The money to be paid out was not enough to satisfy the wishes of speculators, while it was too much to draw from a treasury by no means over-llowing. The Tribune, in a statement to show tlie condition of the treasury, gives figures to prove that by the -Hh of next Janu:uy the gold in the treasury wili be subjected to drafts amounting to a total of about S12,310,7S. The effect of a subsidence subsi-dence of present stringency in the money market would be; first, a market mar-ket glutted with gold and legal tenders; second, a treasury pouring both gold and legal tenders into that market. The Tribune, in fact, thinks that Mr. Richardson has given the banks but little assistance, while he has done serious injury to the great institution of which he is the head; and that, whatever may be the upshot of tho present troubles, there is certain cer-tain to be incessant disarrangement from the secretary's department until un-til Congress contrives some plan for the relief of the secretary. - ... New York BnuUs Quiet. New York, 26. Tlie banks this morning arc quiet The business of the loan committee is progressing satisfactorily, only about two million of the twenty million loan certificates, remaining. There was a fair busiT ness this morning in produce biils at the Produce Exchange, by deposits of gold being made in London, The Uoud Puirhnscs. Washington, 26. By the purchase of bonds as ordered on last Friday night, the government lias put out about S13.5CtO.000 of greenback cur rency, which, according to the Treasurer's Ihiimcial statement, leaves a currency balance in the institution institu-tion of about 812,500,000. There were purchased, during the four days following the one on which the oalcr was given, $12.102.tlo0 in- bonds at a fraction over ton per cent, premium. J5ilwanli.ee Hopeful. Milwaukee, 2d. Business in wheat trading is at a complete standstill. The banks still refuse to negotiate. None have suspended, however, and it is believed that by Monday the financial fin-ancial situation will bo improved. The Board of Trade is still closed, and what liU trading is done is in settling settl-ing up old contracts;. The Northern Tactile. St. Paul, 26. The Northern Pacific local manager still claim that con tracts arc made .and money secured for building beyond the Missouri filly miles, and that tho eompanv, as at present organized, is not endangered by tlie Cooke failure. The public is incredulous in-credulous its to their proceeding with building operations. |