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Show LATEST DESPATCHES. EASTERN. , THE FINANCIAL CRASH. ! Chicago, The resumption of I the thi-..e national banks, lo-day, and tho expected resumption of one or two ! i more to-mrrow has inspired the en- j I lire mercantile community with con- I ' I't'leiice. and the fact cannot but le ! I reg.mlcd as proof positive that the ! clouds have been lilted from the fin- ! ! ancul crisis, and that the rainlow of ; ' hope now ilinnies the firmament, j I The hanks --cut-rally are supplying their customers wi h all that is needed need-ed for their actual necessities, though n n large amounts are paid when it can le avoided. -Those who claim to pay all demands are banks in which the majority of deposits is controlled by the stockholders and their imme-dmtc imme-dmtc friends, who are willing to leave their deposits with the hank, and all other calls can then be met readily. Some banks have suffered heavy drains on their deposits, but their general condition is such as to fully warrant tho implicit confidence in their solvency which has been vested vest-ed in them by the public in such a wonderful and" praiseworthy manner. Al the I'nion National the checks presented have been those calling for small amounts, while the deposits have been numerous, one deposit brini'hig in -"o,000 in currency. The hank ollicials proclaim themselves masters of the situation. The resumption of the Cook County National has been attend til with no circumstance of note. Their advices from country depositors" indicate cheerfulness and a disposition to await the natural course of events. At the National Lank of Commerce, Com-merce, which was the third to reopen re-open its doors, the condition of affairs is regarded with satisfaction by interested inte-rested persons. The cashier of the Second National which is to go into liquidation, stated that their creditors are behaving generously, gen-erously, and aro not disposed to crowd them. ; The Manufacturer's National is &uc-; &uc-; ccssfully liquidating their depositors, by turning over commercial and real estate paper in fair proportion. Not. a single note of the bank's circulation circula-tion will be allowed to go to protest. The bank proclaims its ability to snt isfv even- claim out, and though their liabilities ; amount to $700,000, half that amount will he liquidated in two weeks. Looking at the situation in ten oral we see a gratifying restorationof confidence confi-dence in the "banks among business men. The panic part ot the crisis is very generally felt to have passed; one very important feature i3 worthy wor-thy "of special note. The country hanks which were somewhat alarmed last week, now understand the real suite of affairs in Chicago, and have, in a great measure ceased making uselossdrafts on our banks. Now York, 2Q. Tho week in financial finan-cial circles opened quiet and a more cheerful feeling was- ovinced this morning than heretofore There was none of the groupings or hurrying of former meetings. It is felt that the worst is over, although many interests will continue, for some time, to suffer. - Some . declare that! the end of tho panic will ho an Advantage to' legitimate business. Street operations in stock were quite lively during the morning. Many desired de-sired to purchase, but would not at the prices offered, the feeling being in favor of waiting for the opening of the Stock Exchange. At tlie gold room only a fair amount of business was done. There is considerable anxiety in regard to the events tomorrow, to-morrow, nnd some suspensions are expected ex-pected to follow tho opening of tho tock Exchange. Both the Gold and Stock Exchange will, for the present, close at three p.m. There was a meeting at the clearing house nt three p m. to tako action on the resolution! ubmitted by ft com- i mittee' from the Produce Exchange ! to ft committee of bank presidents, tliis morning, with tho object of aiding foreign exchange. David Daws nnd Mr. Humphreys represented the Produce Pro-duce Exchange. They desired--the clearing house association 'to appoint ap-point a committee of five representing repre-senting as. many diflerent banks, to buy " commercial bills with bills of lading attached, and make a requisition on the committee, of the clearing house for the benefit of shippers. The proposition was referred refer-red to the loan committee for report at a future meeting. At the Produce Exchange the market mar-ket h;is almost assumed its former steadiness, All regular business transactions arc going much m the usual way. An inquiry this afternoon after-noon at the Sub-Treasury revealed reveal-ed the fact that tho amount of gold released under- the order to pay the November interest 5.20 bonds m rebate, has amounted to less "than $-300,000, and thero appears to be no probability of, their- being any de tnand for tho interest money for some' weeks. At the office of Howes &. Macy,this morning, the plan for the resumption of business has been attended with every prospect of success. A sunilar statement is made by Henry Clews, who has adopted ihe same plan; Clews is still unable to make a report of his assets and liabilities. liabili-ties. Of Fisk & Hatch, and Jay Cook,. & Co., nothing new is learned concerning con-cerning the conditions of the firms. The governing committee of the stock exchange met at 1:30 p.m. and passed pass-ed the following resolutions: Resolved, that nothing in the action of tlie governing gov-erning committee of the stock exchange, ex-change, shall be construed as absolve ing any member ironi his obligations to the rules. . Resolved, that all contracts con-tracts shall be settled by checks certified certi-fied as good through the clearing house; but where ft check is tendered upon ft bank which is not satisfactory . the parties must agree on what shall be satisfactory, but no demand for greenbacks or currency sliall be allowed. al-lowed. Resolved, that all government coupon bonds on which interest is payable November fi rst shall be called exchange: coupons from to-morrow. - Glenhom Manufacturing Company, a flourishing corporation for more than fifty years, having extensive ! woolen mills at Glenham, N. Y., and I its office in this city, suspended to-' to-' day. j A meeting of the officers of the various Savings Banks of Boston ftii-a, I vicinity was held this morning. They ! resolved that depositors should be re-! re-! quested to give notice of the with-! with-! drawal of sums of over S-30. There is no excitement, however, among ' depositors. The city banks are doing all in their power to accommodate tho demands of tho mercantile community. |