Newspaper Page Text
The Daily Herald.
1 COLONEL THOMAS AND 1 HE POLICE !
OBDEKS.
SATUBDAY, SEPTEMBER 27. 1873.
THE HERALD Pt'BLISHIXU COMPANY
ALEX. ST. CL AIR-ABRAMS.
HENRY' YV. GRADY,
R. A. ALSTON,
Editor, and Manager*
THE TERMS of the HERALD are as follow* :
On yesterday we promised Col. Thomas ;
that we would investigate the matter of the |
charges made concerning his changes of of- !
ficers in the wards, before we would take
back anything we had written on the subject, j
: It will be seen that we have not wasted any ,
— | time in the investigation. This morning we 1
ive the substance ot interviews held with Lt.
THE PAN1J.
A Day of Coiarative Quiet.
6 E i SStLT. i to BoIU “ * nd Alderman Young. The facts de- jjqw/ TLjC STORM AF- 800
Dilt.Y, f Month*... 2 M [ WEEKLY, 3 Month. 60 yelcped i:i these conversations we ask the nUVV Int alunm v „,i Beme ut a
FECTED THE
D ^rti “m n MU .t moderate rat... Sub- voters of Atlanta to thoughtfully consider, and
■criptions and advertisement* ‘^variably in advance. I then to decide whether or not politics had
■ . :, _ tiouiTii omneHnsA 4
depositors of the bank, and completely quelled at
about 10* o’clock, and Mr. Dobbins put in $10,000 of
currency, and Mr. Wilson (a director) put in $8,000.
The cashier inform* us that the bank closed yesterday
with more currency than it had had
time in two days previous.
There is no sign of a run at any of the other banks,
and in most of them the deposits aud draits bear the
usual relation to each other.
The excitement is over, and the banks will to-day
commence to move the cotton and put the trade cur
rents to moving again.
[It was rumored late last night that there
Arms in the city engaged in writing ad>
for the Herald, to catch the rush of j Bank. Fsrmvillc, Virginia; Lancaster A Co , Richmom
bank ke wonld pay them in notes on A. B. k C.. who
were worth $500,090, which was better than the United
States Government itself. [Loud applause ]
Mr. Howard suggested that the committee reques
hand at any | the Georgia Railroad Directors to convene and confer
with them, and also that the committee prepare an ad
dress to the country.
The resolution was then adopted as a whole.
The meeting then adjourned.
More Suspensions.
Washington, Sept. 26, 1H73.
The Earl of Aberdeen’s Fate.
HOW HE SHIPPED AS FIRST OFFICER OF THE
SCHOONER HERO, AND WAS LOST AT SEA.
The presence at Portland, Oregon, of the
schooner Hero, recalls the familiar story
which occupied the newspaper world a few
years ago, ns she is the vessel from which the
Earl of Aberdeen was lost while acting as her
first officer. A reporter ot the Portland
Bulletin called on the commander and learned
Address
Office
HERALD PUBLISHING CO..
Drawer 23 Atlanta, Georgia.
Alabama Street, near Broad.
Mb. T. J. Burney is the only authorized
Travelling Agent of the Hekald.
Our Slate Exchanges.
i something to do- with the cbaDges.
There are several things to be observed.
First. It will be noticed that if complaints
were made of neglect of duty by police offi- :
i cers, no charges were preferred against them.
| Second. Every officer named was opposed (
' to a certain candidate whose nomination Col.
The Home Commercial is soliciting a more liberal Thomas favors.
patronage from the merchants so as to be enabled to
resume the associated press dispatches.
After next Sunday the Sunday day train ui.l be dis
continued on the Rome railroad.
The Courier calls on the voters of It
BANKS.
TELEGRAPHIC AND MAIL
NOTES FROM ALL
QUARTERS.
: once.
All advices from Cherokee, Georgia, regarding the
cotton crop are discouraging. The rust and caterpil-
jtr together has damaged the crop materially.
A Baptist seriel is the only thing in the way of
amusements in Dalton this mk. The County Fair
opens next week.
Whitman, of the Dalton Citizen, fails to make men
tion this week of any presentation of vegetables.
Smith, of the Cartersville Standard and Express,
seems to be reveling in good things. He save: The ture
6weet potato crop is good, that is so far a
sampled it. The late crop of turnips is fine,
sume there will be plenty of greens next spring. The
Standard and Express opposes the taxation of dogs in
the city.
The caterpillars are still assisting the planters in
Third. The list of changes was made by
Col. Thomas himself, and the first one made a
clean sweep of officers obnoxious to the can-
egister \ didate referred to.
Fourth. No previous City Marshal, since the
war. has assumed the right to name the men
and Iboir locations, that duty being performed
by the lieutenants.
A slight shock was produced early yesterday morn
ing by the announcement that John H. James
was only paying checks of $25, or under.
This very soon wore off, as it was found that there
was no cause for alarm, and that James had an abun
dance of collateral and only needed currency. The
best merchants of Atlanta, and especially the members
of the Stock Exchauge, took the streets in person and
Filth. The order sigued by three members of | assayed to stop the panic and quiet the disturbance.
the PoliceCommittee, Lieut. Bomar distinctly ! In the meantime the merchants, just as fast as they
! charges, wa8 written by Col. Thomas! himself I in money, would deposit it in their se\eral banka.
! , - , . . ., . I At about twelve o’clock a perfect tranquility
; and earned to the members for their signa-
Mr. Mecasliu refused to sign it, while
have j Col. Goldsmith signed it supposing it was the
pre ‘ j action of the committee ; whereas, according
to Lieut. Bomar, the entire movement was got
ten up by Col. Thomas himself.
Kisth. A meeting of the Police Committee
picking their cotton in this State, Alabama, Mississip- \ being called, three of the members—Alder-
pi, Louisiana and Florida.
The Calhoun Times insists that their subscribers
who are in arrears, most walk up to the counter ana
settle.
!
j men \ouog, Langston ami McDuffie—were
, not even notified to attend. They were
about twelve o’clock a perfect tranquility
carno over the city, and everything was quiet until
dark. The prospect was mightily brightened by the
statement authoritatively made about two o'clock upon
the street, that the N. Y. correspondent {of the Allan,
lauta National Bank had telegraphed to Gen. Austell
that they had deposited $40,000 to his credit, and could
depost more if necessaiy. This gave tokeu of a break
ing ia the cloud, and was hailed with joy.
At Jamea* Bank.
The partial suspension of this gr at Banker yesterday
morning, by the announcement that he could only pay
trade that must come early next week. The general
opinion is that the rumor is true; or if it ain’t, that it
ought to be ! ]
By Mail from Augusta.
Shortly after nine o’clock it was rumored that the
Merchants A Planters National Bank, Charles J. Jen
kins, President, and J. 8. Bean, Cashier, and the Plan
ters Loan k Savings Bank, Charles J. Jenkins, Presi.
dent, and T. P. Beard, Cashier, had suspended. This
soon proved to be correct. A rush was made on the
two back?, both in the sane building, by depositors,
but payment of all checks was refused. The officers
assured all that the banks had much more than suffi
cient assets to meet all liabilities, but there was no
ready money to pay out.
The suspension of the above two bauks caused an
immediate run upon all the other backiug institutions
in tbo city, except the Georgia Railroad Bank. Tho j checks of ovc
Bank of Augusta stood tho pressure for some time, \ Trade approv
and paid out to depositors daring the morning about *
twenty thousand dollars. About twelve o’clock, how- 1
i ever, its cash assets being exhausted, .t was compelled
! to Euspeud payment, depositors being assured that
: the suspension wa3
ONLY TEMPORARY,
I And that the assets were far more thau sufficient to
satisfy ail liabilties.
In the afternoon a meeting of the Directors of this
bank was held, at which it was resolved to issue drafts
on the bank, payable at six months, to tho amount
r ; Suspensions—Wooten, Webb i Co., Indiu.poll.; the particulars ot , he ati4iri and what motiye
!• : OMmlle, Virginia, bulk.; Planter.- ic Commercla cou ia have induced the young and wealthy
nobleman to relinquish the salons of the gay
capitals of Europe for the privations and
hardships of seagoing life.
THE captain’s STORY.
The captaiu said that when at Boston pre
paring for a trip to Melbourne, and while in
his cabin ono afternoon; a tall, well-dressed
young man, apparently a gentleman by his
manner and address, called to see him and
asked if he were not going to Australia.
He replied that he was.
The strauger said that he desired to visit
that country, and would like to secure pas
sage.
He was answered that the accommodations
were not extensive, but there was one vacant
berth, and if he would be content with it, tha*.
he could have it with pleasure. He replied
thar it would suit very well: that he was not
very particular, as all he cared for was to
reach Australia, it being his purpose to travel
through that country, thence proceed to China
and the Isthmus of Suez, then return to Er.-
looking the vessel all over he
emed to be well satisfied with her, and
praised her general appearance. He then
asked the captain if he did not want a first
officer.
The question seemed so strange,
Kraus A Smith, Toledo; Bank of America, New If amp.
shire.
A defalcation of John J. Cohen, of Augusti, Faut,
Washington k Co., Washington.
The Union Nstional, Manufacturer’s National and
Second National Banks of Chicago, hav* suspended.
William Fisher & Sons, Baltimore, have suspended.
Tuey complain of the delinquency of their customers,
and request a short indulgence.
At Chicago.
Chicago, September 26,1873.
il and Manufacturer's National banks are
The Seo
closed.
Five National bauks have suspended.
At Nashville.
Nashville, September 26,
The banks have suspended curreucy payment
two hundred doilatt. The B
the action.
At Savannah.
Savannah, Septcml
In accordance with
Commerce, the bank
holding currency.
At Charleston.
resolution of the CYamber of : Atti
re certifying checks, but with
Cha
os, September 26, 1873.
due depositor,, in sums of five, ten. twenty, fifty and i tion,1 banks “ d olhcr s,! * te blDks P** •
The Peoples Bank of 8outh Carolina, PeoDle’s Sav- it did from one apparently a cultured gentle-
ings Bank of South Carolina, and the Loan and Trust man, that the latter was puzzled and eyed the
Bank have suspended currency payment. The Na- other some time ere he made any reply, but ,
one hundred dollars. Iu case the stringency is sooner
removed thau the time designated, tho drafts can a
bo called in. A form of draft was prepared, and it:
Chaelestion, September 26. 1872-
j The Loen and Trust Company, the Peoples Bank of
! South Coroliua, and the Planters and Mechanics Bank,
expected that a number will be ready for Issuing to j have suspended. These are State banks, and repre
depositors on Monday. By the charter of this bank : 80nt 1088 one-fourth of the banking capital of
known (at least two of them) to be opposed j chec * s of
r less amount
Griffin has organized a dramatic c’.nb, which will to the measure, and only by chance was the
give a sexies of entertaioments immediately.
Christopher, of the Fort Valley Mirror advices
readers to boy a cake of Sapolio and wash themsel
He holds that nncleanlinesa i-» unpardonable w
soap is so cheap.
fact of the meeting ascertained by Alderman
Young ?
With these statements before us, made by i
gentlemen of responsibilty, we peremptorial- ;
vas the opening feature
i le upon the b
Arms for Volunteer Compan:
been received.
Fort Valley bad received up to Tuesday 227 bales of
cotton this season, aga ust 475 for the corresponding
period of last year.
The Savannah News sajs
says it is abont time for Hooper ami Lay to fight.
This is a mere morbid craving after the sensational on
the part of tho Herald. Hooper Is killing Lay much
more effectually with his pen than he is with his pis
tol. A canister shell is not as witkerirg as Hooper’s
sarcasm. We call for a continuation of the corres
pondence.
In conseqnence of the financial crisis we must beg
, of the day.
j There was no especial run ma le upon the bank dur-
ing the day, and deposits largely exceeded the drafts,
j but the terrible drain of the day before had to reduc-
; ed Mr. James' currency that ho determined to lu
his sails a little before the etorm, the like of which
the South bad never seen.
We called upon Mr. James just after he had closed
written. Neither do we intend to Lave any ; for the day, (at tho usual hour) and found him with
‘•trouble” with Col. Thomas. We propose to j his clerk, overlooking the rosultsof the run. He met
the capital stock is liable for deposits first.
Soon after the suspension of the Bank of Aug
the National Exchange Bank next door was a’so
Belled to
of Fort Valley have ! ly decline to take back anything that we have
New Okle
The baukiug houses hav
the movement of cotton a
discuss and to criticise his official acts frank-
Thc Atlanta Herald ' ly ai.d fearlessly. Ho must explain away the
statements of Lieut. Bomar and Alderman
Young before we can
that wo have done him injustice.
Against him personally we have
nothing: but he is the City Marshal, and as
such we are determined that, if we can pre-
ent it, he shall not use bis office iu tho in-
with that urbanity that is natural to him, and said:
Well, I bavn't much to ray. I’m no talker. Youruay
just say to my depositors for me, that I own $250,000
more than I owe, and th‘t I shall realiza as soon as
acknowledge j possible and pay them dollar for dollar. I have the
greatest abundance of stocks, bonds, real estate, and all
sorts cf collateral, but it is impossible to get currency
for anything. A man who has about $80,000 of the
very best stocks deposited in my bank, came tome to
day, and offered to let me take thou aud use them as
correspondents to seal their letters with gumsheilac. lcregt Qf man Qr get of meQ u ig not
and not with turpentine, and to prepay postage. ,
Th. caterpillar, are ravin* the farmer. ofStewarl I the dut >' of a P ollce ofhclal to P" 11 WIres aud
county a good deal of trouble in the way of picking ! intrigue for politicians,
cotton.
Columbus is overrun with pxinters.
A colored duel at Colnmbns was settled upon the
ground by ono of the principals agreeing to treat the
crowd.
If the Columbus Enquirer will give cs less historv
and more local news we will take pains to givs credit j have no wires to pull; we want nothing from
for the same. the c jt„ government which cannot be obtain-
TLe Colnmbns Son ffeys: Currency Is getting quite . _ . , . .
scarce. No fear, are entertained readme the , lfely ed except by ft select acquiescence to wrong,
of any of our banks. There are some orders for cotton, I We like patronage, but sooner than get it by
and fifteen and a half cents are being paid for low sycophancy, and by submitting to gross and
middlings and sixteen cent* for middlings. These fig- j palpable evils in OUf municipal affairs, we
• are higher than the quoutions of any other lots, j abftll 8ugpen d the Hebald and seek some
having paid out to depositors during the morning
seventy thousand dollars. This bank, like the others,
ia sound in every respect, and has the greatest suffi
ciency of assets to meet all obligations as soon as the
present stringency is removed.
About one o’clock the banking house of J. J. Cohen
A Sous suspended payment after pacing out to de- ,
poeltom nine thousand dollars. This house has j P 08ition ,0 fu!ly rcs,!rc
enough in the best of bonds, stocks and other securi
ties to pay all its liabilities three times over, but in the
present stringency securities, however “gilt edged,”
cannot be realized upon, there being no money, hence
suspension.
A run was made on the National Bank of Augusta in
the morning, but it being ascertained that the Dank
was promptly paying all checks, tho run ceased, and
recovering himself, be demanded if Ld
: get any persons to recommend him.
The young man replied in a calm voice
that ho did not know: but if it were actually
, required that he thought he could procure
! satisfactory references.
j Finally the mysterious s.»ilor signed th®
’ ship’s articles as first officer on the 14th ot
>n Bank pay j annal y, giving his came as George H. Os-
ger to-night j borne, and ou the 21st, one week later, tha
' vessel put to sea. The officer was found to be
| equally as good a sailor as a book-keeper, so
this caused the commander to take a new
; interest in him. They often chatted together
r 18.3. | 0 f au evening; but in all the conversation the
address gtv-. young officer proved himself to be not onlv
:ng their reason for a partial surpension of currency I we J| up i u his business, but also to have been
payments for thirty days, by which time they think J well read and to have SK*a much of the
Charleston.
( The three National Bauks a
' all demands in full, aud claim
I than yesterday.
' No excitement. No failure
ad the Uni
to be stroi
At New Orleans.
Septcml
•J sugar will place th*-m in a
Sterling Exchange, and tho
usual source of currency at this moment is not availa
ble except at ruinous rates. Heavy drafts have teen
made upon them for tho usual hilances from the West
WOllxl.
THE DROWNING OF THE EARI..
On the morning of the 27th of January
when the vessel was in about latitude 3S de
grees and longitude Go degrees, they expert-
aud East, and they have no prospects of their drafts j ence d the dying force of a storm. The wind
for curreucy being honored,
drafts under one hundred di
The banks will pa;
New York Seeding out Currency.
per. I declined, for I have plenty of my
heavier depositors
Y j was blowing a stiff gale aud the sea was run-
■ nieg heavily, which caused the ship to toss a
good deal.
At 4 a. m. the first officer went on deck, i.s
j the watch of the former was between that hour
* J and 8 a. m. As soon as he reached the deck
father, so he
■\Vith regard to the gentlemen who signed
| the order for the changes, we call upon them
! for an explanation, which they owe to the
: public.
We have written bluntly and frankly. We
New York, September 26, 1873.
The Suu says Adams’ Express Company has ca
presented. Mr. W. E. Jackson, the . ried daily to the interior $1,500,000. The United | he saw the condition of the
drawing interest on their de- : P reBi(lBnt of tho baak, states that he will pay out to States Express Company has I
1 depositors as long as there is a dollar left, and feels j a half s million dollars daily.
Twenty-four hours’ notice is to be given before
tock exchange opens.
York, September 26, 1S73.
posites. Of course , I couldn’t let those deposits lie
Idle in my vault, while the interest was eating me up.
But I *ay this, that every dollar of money
belonging to depositors tbit I lent out | ri * ht ’ P 1 ' 1 * * 1! chcc ‘“ Panted, and will continue to
satbfied that the bank will be fully able to bridge over j
the crisis. The Commercial Insurance Bank stood all
is secured by the very amplest and
safest of collaterals, taken by me when I lent the
money. The discounts and notes on which this mon
ey w as lent are maturing every day, and I will soon be
ablo to resume full payment. Every dollar of real es
tate I have will go if necessary.”
You will allow me to say, Mr. James, that the pe->-
to-day. It will not suspend. Mr. G. P. Curry,
I banker, also paid all demands by depositors yesterday.
! A run was made on the Freedman’s Savings Bank
between twelve and two o’clock, and twenty-eight
i hundred dollars iD all paid out to depositor*. After
j the latter hour, however, the Advisory committee
' met and concluded that if the run continued they
pie, without exception, retain absolute and perfect ! m hJkt have to racrifico t nited States bonds, and
and your ability to pay promptly
therefore determined to enforce the
ying out about j gave orders to shorten sail, and lent a ban l
j himself to see that it was done promptly,
j While lowering the mansail he came near the
boom, and that being swung rapidly it struck
^ -him, and at the same time he was caught by
The titu.tion in Wail street thu^moming iroT-’nt, ; main peak downhau! and thrown over-
no new featuies, and Ik
i state of suspense. F<
sineS3 generally continues in
:h»uge has boon
i other business. There are serious evils ai
rier town. Hardly anything ia being done in the sta
ple, as fanners decline selling. None cf the North- (
ern correspondent, of any of our bucks h»v. failed, : tendant upon our municipal nominations, and
and our institutions sr. reguded u perfectly safe. i we wage war against them in the interest of
JUnsy is expwtled to be vsry tight f»r a while. The ] merchant, the mechanic and tho profes-
bauks won't take th. beet paper, at least those of Sa- j sjonal maQ a]jke
vaanah will not. Credit for s time will be at low ebb, |
and every greenbsck will be kept by those who have
them—thus withdrawing so much money from circu
lation.
We know one instance in which a Northern mer
chant telegraphed bis Columbus debtor to send him J — — 4 . . ,—
greenbacks bj express in payment of notes for goods, j and ,ht> 0ther gentlemen who took part in the
<IUTK COMPLIMENTARY.
If Messrs. Daniel Pittman, O. H. Jones,
Peter Lynch, Lewis Abbott, W. J. Garrett,
He wanted no exchange.
meeting of the Second Ward Democracy have
I not read the following sentences, taken from
the other city paper, we desire to call their
j attention to it.
It is with gennine grief we publish else- “The talk about putting only financiers in
where a report of the suspension of a 1 oar ^-ity Council is Donsense. We want good
MU. JOHN H. JAMES.
confidence in yo
and felly.” ™ys’ *OTlCE
“Yes, sir; I have hacl the tears of joy and prido allowed by the charter. A notice to depositors to that
forced into my eyes a doz-m times to-day by offers effect will be found in our advertisiug columns. The
from men of all classes and conditions, aud from I bank is perfectly solvent.
whom I had no right to expect anything. I will just
explain to you why I pay checks of $25
No run was made on the Georgia Railroad Bank,
and the few checks which were presented, were
under. It is because my depositors are many of them ; promptly paid. It will meet all demands Of its depoi-
men and women of Bmall means, who need their mo- itors.
ney. That class I propose to holp by such s course as
this.
Here the reporter retired and left Mr. James to ar
range his matters for the coming day. We find by the
tax books that Mr. James pays taxes upon $225,000 of
real estate. This enormous amount of property (near,
ly double what is due to depositors) is held as a reserve
to be used in case the assets of the bank don’t pay out
the depositors.
The Merchants <k Planters National Bank and the
Planters Loan k Savings Bank give notice that deposi
tors can obtain the bost of bonds and securities in ex
change for certificates of deposit properly certified.
Thus a depositor will receive a United States or State
of Georgia bond, or other equally valuable security,
by the presentation of a certified check for the amount
of the market value of such bond or security. Nothing
could be fsiror thau this, and it demonstrates most
At about six o'clock Mr. James sent us the following ^ satisfactorily that both banks are amply able to
card, which we present to the careful attention of the ! meet all their liabilities.
Gold has been strong with more activity; sales at 12 V
money \ to Western Union 55 to 57. Several
parties are short of gold and refuse to pay one-half per
cent for borrowing, consequently there is s hitch in
clearances of gold at the gold exchange bank.
The Police and the Brokers.
New York, September 26. 18 . J.
The scene on Wall street to-day was much less ex
cited. The crowd of brokets who have hitherto
blocked up Broad street in front of the Stock Ex
change, was much less this morning, owing to the ac
tion of the Captain of Police, who directed bis men to
disperse all groups which threatened to interfere wtth
the sidewalk traffic. The brokers w<
forced into the roed, but they fared
board on the port side, between ihe main and
i mizzen masts. It is not positively known
rI that he was struck as described, but it is so
duced by bankers to «*. to 6', for long and short . , e k ’
. ... | interred from his conduct in the water.
sterling, with actual business as low as 4>j and .*)». '
He had scarcely gone over the railing ere
the watch shouted, “Man oveiboard!” This
cry caused the captain to rush on deck, - d
seeing the officer but a little distance fromjlj
vessel, he threw him a rope and told hj
seiz^ ’*. To this there was no respou
the captain, supposing him to be injured?*
ordered the headway ol the vessel to br-
stopped, and then threw out planks, a hatch
and some fenders, and told him again to seize
one of them. He was then lying almost flat
on the water, and had he made any fair share
of exertion he could have caught some of the
materials thrown to him; but not doing thi^
is why the captain thinks he was injured ere
by this means , b e j n g taken overboard, As the sea was runn-
better, as the ; j D g high at the time it commenced to heave the
banker like John H. James. That there
would be a serious run on his bank nobody
imagined until Thursday last. His great
wealth and large landed property in our
midst were assurances to every depositor
that their money was perfectly safe. Mr.
James had taken every precaution to provide
for a run by his ordinary depositors. But
he could not prepare^ to meet a run from
all his depositors. There were parties who
had left large sums of money with him which
he paid interest on, and of course, this
money had been invested and the securities
men, whether they be merchants, bankers l
mechanics, or men engaged in other profes
sions or occupations. ”
If the gentlemen named above relish to be
told that what they talk about is “non
sense, ” we suppose it is all right. We did not
understand that they demanded none but
financiers, but that they desired men nomi
nated and elected who have some knowledge
of finance and are capable of governing the
city. The humblest mechanic in Atlanta,
who was never worth fifty dollars at any one
time in his life, may know more about the
financial management of the city than many
public:
A CARD.
Owing to the uuexaoipled panic t
In accordance with the notice a monster meeting '
I of business men of the city was held at the Exchange
r convulsing the a t the hour designated. Every mercantile interest iu !
police ordered the trucks to be driven through the ; vessel rapidly forward. The diowning
crowd, and so compelled the brokers to scatter iu all j man who seemed entirely at the mercy of the
directioni. The general feeling among the brokers j waves, seeing this, snooted “Captain, can't
appear to be more hopeful than on the previous days, yon save me ? X)o try and save me; get out
though there are of course many who persist in re- the boat." He was told to seize hold of either
garding the situation in tho blandest aspect. There j one of the planks thrown him. and that the
■ - — j boat would pat out to his aid: but in lowering
j the boat it was badly smashed, as the ship
was pitching heavily. Finding that the boat
, wild excitement in the Gold Room to-day.
llailroad Works Stopped.
obtained for it could not be immediately con- men who are directors of banks and are worth
verte l into currency. A general run from all | thousands of dollars,
classes of depositors, such as would have
cans, d any bank in the country to suspend,
forced Mr. Janies to adopt the only course
left him under the circumstances.
To say that Mr. James is amply able to
pay every dollar he owes is to indulge iu
language wholly unnecessary. With land and
thoroughly good securities, worth three times
the amount of his liabilities, and with his
high character and sterling integrity, not a
man to whom he owes money need feel the |
faintest apprehension of loss. That the mer- i
cantile community place the fullest confi- j
deuce in him was demonstrated on yesterday
by the handsome manner in which they con
tinued to deposit with him aud by a number
ol merchants, who had always deposited in
other banks opening accounts with him.
It is, of course, natural for a man like Mr.
James to feel mortified that he should be em
barrassed by men who should have placed the
utmost faith in him. But bo possesses the
confidence of the community still, and that is
worth having. In his misfortune, the merchant,
the manufacturer and,in fine, the great majority
of people who know him, his resources and
his untarnished honesty, will remember only
that his embarrassment resulted from a great
panic in which some of the strongest banking
houses of the country went down.
OF COURSE SOT.
The other paper says that it shall not coun
tenance in any shape a squinting toward
‘■independentisin." Who the deace ever sap-
posed it would. If in its prime and vigor it
was incapable of giving expression to sn inde
pendent thought, or of assuming an inde
pendent position, docs any body imagine it
would do either in its old age and decline?
Ho!. Likes barnscle at the bottom of a ship,
it clings to (here the metaphor is a little
mixed), party, patronage, and pap.
Th9 first stirring event of the diy—sweet
ening one's coffee.
In this city the financial panic seems to
have practically terminated. The pi-ompt and
energetic action of the Board of Exchange has
restored confidence and we have no idea that
there will be any iurther trouble with our
baDks. Elsewhere the financial tidal wave
has done some damage, carrying with it some
of the banks and bankers, but we are perfect-
i ly satisfied that the worst is past.
Already we have news that large sums of
money are on their way to the South, while
heavy shipments of specie from Europe are
reported. It is, therefore, evident that the
financial stringency existing here must termi
nate in a few days. Wo confidently expect
money to be abundant in our midst within
the next two weeks.
“Cotton is King," and the good old mon
arch will assert his power in spite of all that
Wall street speculators may do. With us it
is merely a question of a few days. The worst
frightened of to-day will be the most astonish
ed at hia haring been scared ten days hence.
We are assured that the check for $4,525,
drawn by ex-Govemor Brown on the Dollar
Sannga Bank, was to pay a draft from New
York held by the bonk, and that the money
was not taken out at all. It is also stated
that he is not now a director of the bank. If
that is the case, we cannot say that he is to
blame, and the rumors have done him injust
ice. These statements we take pleasure in
giving to the psblic. The autocrat of the
State road has enough gins to answor for,
without saddling upon him those of which he
is not gnilty.
From nil quarters come expressions of sym
pathy Tor and confidence in Mr. Jamee. The
manner in which a large number of our lead
ing merchants base come forward and pledged
their property to the payment of his creditors
is a magnificent tribute to bis character, und
it is so well and so heartily deserved that it
whs almost due him.
financial interests of tha wholo country, disturbing 1 tb e C1 ty was fully represented,
confidence and arresting all tno machinery of trade. : on motion, Mr. Herring waa requested to set as
and this at a moment when the ataple product of our j chairman.
country is ready for movement, hut etayed for the : Maj. Geo. T. Jar-keen suggested that tlie committee
want of tbo usual moneyed facilities, I find myself have
uerence with tbe Georgia Railroad Company
compelled to suspend temporarily tbe payment of do- , as being the representative of tbe largest amount of
positors with my banking house. For their assurance capital—intrinsic value—in the city, with a view or
I have to say, that my assets are of the best character, submitting to the meeting
both as to the commercial paper now daily maturing, j preseut monetary crisis,
and to city realty and good stocks and bonds. I have J the road, he throw
assets more than double tbe amount of my liabilities.
The Tredegar Iron Works discharged about
hundred of the employees engaged in car building.
Tho English Feeling.
London, September 26,1873.
At foar o'clcck American securities excited. Large
business, wide fluctuations aud much uneasiness.
Later—American 89curitiea fist and declined heavily.
At Columbia.
Columbia, 8. C., September 26, 1873.
Th»re ia no run on the banks. Notwitbstandiug
the excitement elsewhere, cotton is beiDg disposed of
At Mobile, Ala.
Mobile, September 26, 1873.
The National Park Bank of New York will pay all
n Howes
plan for alleviating the
Alihough a director in
out tho suggestion
ithout any authority from the Board
and I only need reasonable time to collect my matur- j and simply upon his own authority. With the present j readily
ing paper from the mererntile community, and to ; troubles, only one National Bank in the city paying,
realize on valuable securities. I ask this indulgence ' l»c believed they must look outside for assistance. He j
with confidence, and pledge to my depositors every | believed that if the committee met the Directors of
dollar of my properties, both real and personal, for j the Georgia Railroad, something could be doue. He j checks drawu by the Mobile Savings Bank
their security, aud with the honest assurance that I [ threw out these suggestions that Augusta might organ- j & Macey, of New York
possible, apply the proceeds of all I foe some scheme whereby the mercantile community
might be relieved from the present dilemma.
Mr. Roland’s resolution was then reduced to writing,
as follows :
Resolved, That the meeting appoint a committee of
ten to confer with the authorities of the Georgia Rail
road and the other banking institutions of the city,
with a view of devising means of alleviating tbe finan
cial pressure that Is now upon the country, and to re
port the result of the conference on to-morrow, at 12
o'clock, at this place—said committee to be appointco
from the various commercial interests of the city;
committee to be appointed by tbe President.
^ ^ Mr. DeC'ottes said before the question was put he j lution*.
view of ' woulti like to fctate the Ifi rcclor ® of the Bank of J T *° '
will, as rapidly
my collections and rales to the payment of their
counts. John H. Jambs.
Sept. 27. 1873.
At about 9 o’clock at night, Mr. J. W. English
handed us the following paper which a lew business
men of Atlanta who had happened to be together:There
is no doubt but that one million of dollars worth of
Atlanta's best propety could be if lt waa desired,
placed to-day as endorsement upon a paper pledging
the payment of every dollar of James' liabilities; such
is the unshakable confidence the people have in this
man. He will go to work speedily, and commence
business again.
Atlanta! Ga , September 26.1873.
We, tbe undersigned citizens of Atlanta, in
the present condition of the monetary affiira, aud to
show our confidence in the solvency and reliability of
John H. James, banker, without any solicitation from
him, agree to guarantee the ultimate payment by him
to his depositors, to the amount herewith placed oppo
site our several names:
Thomas Alexandor $50,030
J W English 10,000
8 M Inman 10,000
Alfred Austel 10,000
Lowe, Douglas k Dallas 10,000
Jones & Beatie 10,000
W J Garrett 10,000
George W Adeir 10.000
AGfcBF Wyly 10.000
Chamberlain. Boynton A Co 10,000
P A G T Dodd 10.000
J R Wallses 5.000
W A Hsmhlll A Co 5,000
AC the Freed maw's Having* Hank.
Tbe meeting of the depositors of this bank, and tbe
well-conceived and well-deliversd address of Mr.
Corey bad a capital effect upon the mors intelligent
class of the depositors. Mr. Corey opened tbe batik
yesterday with Ibe determination to enforce the “thir
ty daya notice” rulo. which hia charter entitles him
t). He found that some of the negroes were disposed
to be naruly about this, and threatened to “tear his j Two
d—d bank down if he didn't huatle out their money.”
With admirable firmness and courage lie
repelled the savage mob cf fools, aud held
his own. By 11 o’clock the good effects of hit speech
the uight before began to b* felt, and deposits poured
in. On* negro deposited $850, and Mr. Corey Is bet
ter “heeled” this morning than ho was yesterrfay
morning. From 11 o’clock till 3 all was quiet, aud tbe
run may be consid red over.
At the Other Hunk*.
Richmond, September 26, 1873. i could not be used, the vessel was hove too in
j hopes that tne lost mau had been fortunat -
enough iu securing some of the material
thrown to him, as any one piece of planking
was buoyant enough to bear his weight, and
that he could be picked up at daylight.
After beating about in that vicinity for focr
hours, and not finding any trace of his officer,
the captaiu assumed his voyage, sincerely la
menting the loss of one whom he Lad learned
to admire.
THE SEARCH FOR THE MISSING NOBLEMAN.
When the legal adviser of the old Earl of
Aberdeen arrived in Boston, be said the ODe
he sought bad shipped as nbove stated, and
he was preparing to go to Hong Kong to meet
the vessel when he heard that she was on the
way home.
To be sure that the man signing his name
as George H. Osborne, und acting as an offi
cer in an American schooner, was George
Hampton Gordon, heir to the earldom ol
Aberdeen, the lawyer sent there from Eng
land called for all the papers and letters be
longing to the deceased. These readily proved
who he was; but it was rendered more cer
tain by a tin-type which he had taken in Bos
ton in 18C0, and which was found among his
clothes. The facts sought having been elicit
ed, the envoys returned home, and the
younger brother succeeded to the titles and
estates of the deceased.
At Montgomery.
Montgomery, Septembe r 26,1873.
At a Urge m- eting of tbe merchants to-day it was
resolved to pay all maturing obligations as promptly
as tbe deraDged financial situation would permit, and
tbe banks and bankers holding paper were requested
to obtain extension if it should become necessary, and
a similar request is made of all parties abroad who
hold their paper. A resolution of full faith and con
fidence in the local banks and institutions were
adopted
Cotton has been coming in freely, but not a bale
was sold for waut of currency, and hence these reso-
9 of je’.low fever, but t
Augusta had resolved to issue drafts on the bank, at
six month’s time, to the amount of deposits, in sums
of five, ten, twenty, fifty, and one hundred dollars.
Mej. Jackson said this was a great question aud he
bopeJl all would exprefre their opinions upon it. They
were iu a dilemma of serious import. He wanted to
see Augusta corns out a bead and shoulders above
all.
The Chair laid the debate must be confined to the
resolution.
Ou motion of Mai. Jackson the debate on the reso
lution was suspended and tbe discussion opened to
any subject.
Maj. West said that the banks bad ample assets to
meet all their liabilities.
Mr. T. P. Branch said that as the representative of
bis house, l e reprobated over $400,000 of hard earned
capital. Branch, Sons A Co would pay every dollar they ; America, already reported, are not made. In conae- !
owed if they had to sell all their assets at twen- j quence of the low nominal rate of exchange, but to Qrr OF Health. -Iu this common e*pr*8-
ty-flve cents in the dollar. All the complexity arose i dabilialiee bank-rs hero incurred before the , R j OQ j s comprehended an immense amount of
from the want of a medium of exchange. The first ! hnsneial troubles to New York began,
thing he wished to do was to relieve the depositors.
After that wss done, 4be banks would be free to use
tbe money. Tbe obligations of the city, at the
Jay Cooke’s Liabilities.
Philadelphia, September 26. 1873.
v '. it i» nis-ie of the assets and liabilities of
Jay A Co., of Philadelphia, New
York, acd Washington, placing their lisbilties
slightly over seven millions nine hundred thousand
dollars assets, inc'.u ling bills receivable, bank stock,
bonds and real estate. The loans to tbe Northern
Pacific Railroad Company t-how a bslance of nearly
sixteen million dollars, half of which appears to b#
Northern Pacific stock.
ENGLAND.
The young nobleman who had the courage
' to try to rise by his own »xert ons in life was
cases for four the second son of the Earl of Aberdeen, aud
i on the death of bis father was to btcouie the
owner of one of the finest estates in Scotland,
as his eldest brother had killed himself while
out huntiug. He had come to the United
States, hired out as a common sailor, made
severar voyages iu this capacity, tese to the
r.ink of second mate ol a laige >hip, and sub
sequently became master of a vessel, aud by
his own unaided abilities, too, as he aassrted
that a man could rise by merit, without kid
of rank. He was master of ibe schooner
Walter, ruuning between Portland, Me., and
Georgetown, D. C., and tor several moBtbs
made the former place his home, and wat also
a member of a Masonic lodge there. When
he shipped on the Hero he had a master s
cartifieate, which was procured iu New York
London, September 26.
it is believed tbat the heavy shipments of gold to 1 after a protracted examination.
j bodily and mental nnffering. It is not neees-
oIUeioD occurred near Ccollstby. Several killed sary to be effected with positive disease in
j order to experience unutterable wretchedness.
A persou out of health is weak, langtMhJol
London, September 26, 1873.
> lor October Handicap took plaoa at NV
u, do not exceed two millions of dollars. Market to-day, and wss won by Tlcbborne, Lord Gough j spirited, incapable of much exertion, ner-
received enough j second, and Lemonade colt third. Sixteen started. j irritable, and as frecstUve to evory
Ssluitiuo Oloztgs. the well-known Spanish States j change of temperature as tho niercary in a
ntn i*dead. ! thermometer. What such a persou requires
I is invigomtion, and Hostetler's Stomach Bit
ters will supply it No'ne-d ot applying to u
physician in such a case. The fee would be
thrown away. At the nearest drag ntore may
Tempi*. 1 l )e the most efficient and htulthfal vegv-
flrius he could
cotton to pay off the whole of that, not in
gieenltacks, but in gold. But what they
wsiitel now was, a medium of exchange.
Ho propoecs to go to the Georgia Raitroal Company
and get it to issue certificates to the amount of the
deposits of the hauk, and depoalt good collateral
therefor. He proposed alaa that an amount of cotton
lu* placed iu the hauda of the Georgia
Uiilroad, aud that corporations i?sue cer-
t incite* to tbe amount of that cotton
PENNSYLVANIA.
Pmiladelvhia. September 20, 1873.
The Banking and Trm-t Company have nobly weith- at
eroci the slotm Th* ion of the day before «•« | in a
started wtth deajwrde fl-r enees on ye*terday morn- win
•n cents per pound. There was no use
enticing p operty. Tho depositors didn’t really
; iheir money. They only wantcJ it because they
rallying of tlio merchant though*. th*-y couldn’t get it. If they
Over $0,011) reopto in Broad street. A beautiful day. ! ioble tonic that the WOlld contui s. Tventy-
) five year*’ experience has «Hf»bk*bed the fact
. , .. .. .. i that among all the Ht< iuAchics aud alteratives
Tha auVct ot animation »as diaeusaod .0 known to 8 pb . rmarv „ us po,,^,
‘he to»n hall of* yillaBe in M.me Ust week, ' re4tor », ive 8tamlli „u, lrrlm ./ iL bed
when the pimcip.l epeecb of the evening i Every bot ,| e 0 , , r „
more blessings than tli- r
pimcipil speech ot the evening,
111a le by uu eminent judge, waa preceded by u
horns from a company of cluldreu.
1 doin'*