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The Daily Herald. FRIDAY. SEPTEMBER 26, 1873. THK IIEKALD PUBLI8I1INU COMPANY. ALK1. ST. CLAIR-ABRAMS. IIjCMAY \V. GRADY, R. A. ALSTON, Editor* and 9lanaf;eri THE TEKMH of ttie HERALD are an follows : DAILY, 1 Year $10 00 | WEEKLY, 1 Year...$3 00 * eruptions and advertisement* ‘nvariably in advance. Address HERALD PUBLISHING CO.. Drawer 23 Atlanta, Georgia. Office or. Alabama Street, near Broad. Mr.. T. J. Bubney is the only authorized Travelling Agent of the Herald. Our State Exchanges. THE FINANCIAL PANIC IN ATLANTA. The moat unreasonable and unnecessary financial panic it has been onr fortune to wit ness, occurred in this city yesterday, origi nating, so far as can be ascertained, from the telegraphic reports of the suspension of a Savings Bank in Richmond. The feel- ' ing of uneasiness spread and the consequence was a run on all the banks. No better evidence of the strength and per- sub-! feet solvency of our hanking institutions can be required than the fact that when the busi ness of the day closed but one bank had sus pended. Even the suspension of the Dollar Savings Bank was not in any sense of the MARSHAL THOMAS AND THE HERALD Elsewhere we publish n communication from ! Col. Thomas, the city Marshal. CoL Thomas ; is correct in supposing that it is not the inten- j tion of the Herald to do him injustice. Our ; aim and purpose is to do justice to all men, and the Marshal may rest assured that we j shall not make him an exception to the rule. In the communication he gives two orders— one received from Alderman Mecaslin and ; another from the Police Committee—the first of which suggests the necessity for, and the other authorizes certain changes in the dispo sition of the police force. To these is added | an order from Col. Thomas to the Lieutenants of Police to make certain changes, a list of i names of such changes being appended, j though not given in tho card published else- ■ word the result of insolvency. Its assets are j where. considerably in excess ties, and there of its liubili- not the slightest TLe Rome Commercial complains that the town boys are creating too much disturbance in churches and Sunday schools of that city. The Savannah News announces a trotting race l»e- tween Donerey, entered by T. McCabe, and New Broom, entered by Wm. Bohan, on tho Thumlerfco’t track. The race will be a three mile heat, best t*o in three. We are indebted to tho News for the following local '* JMJackeon, a nrgro, while under the influence of J hour of closing. Men who had not any liquor, got into a small batteau near the foot of West j nee( j f or their money drew it in ft perfect Broad street, yesterday, and being unable to maintain | The official documentshaving been placed i before us, Col. Thomas has personally re- ; quested us to “take back - ’ what we wrote con- possibility of any one of its crediters losing j cenjing bim in ttle Hekald of yesterday, as a dollar. But when its depositors crowded in and demanded their money, they com pelled a suspension. Hard pressed, but, more fortunate, the other banks paid check after check until the Sled ! terror, indifferent to the injury they were inflicting upon themselves by striking at the commerce of the city. to the intelligence of our citizens. Not a man can utter a word against the solvency of asjjglebank in Atlanta. All have done a safe, legitimate business; all possess assets considerably in excess of their liabilities. Why, then, there should be auy lack of con fidence in them is beyond cur comprehen sion. If every man who has money deposited in . , , i that the amount drawn b\* the tx-Govi our banks will seriously consider how utterly I . ...... , i was only $4,52o and that there was s hesitate before he joins in a panic which, if not promptly checked, will impair the useful ness of our financial institutions, cripple our commercial operations, and inflict actual loss upon the farmer. If our cottou crop was sold I lying in our warehouses and in our fields, and j it represents areal substantial capital of three • hundred millions of dollars, which no power ! on earth can destroy. With so gigantic a his equilibrium in such a ticklish crait. he into the river and drowned. Joseph Angel Cacct, the little boy wlip fell from tbs window of his fathcr’a house, at the corner of Zubly aad Walnut streets, died at two o’clock yesterday morning, after suffering for ten yours. Railroad street, near the jassenger depot of the Central Railroad, was the scene yesterday afternoon of a shooting affray.between two negroes, Cyrus L. Brown and Stepney Williams, in which the latter was shot and instantly killed—a woman the cause of the affray -a double barrel shot-gun the weapon used. One of the shots passed through the fleshy part of the left arm of Andrew Culver, the boy who was in charge of the wagon, inflicting a very painful, though not dangerous wound. Had this shot passed a few inches further to the left of its course it would have entered the toy’s breast and killed him. The litt’.e boy was taken home immediately and his wound attended to. From the Advertiser: About the only thing Savin- nab has in abundance just now is health, and even that worries the doctors. A little over three hundred bales of cotton were sold yesterday, and unless things revolutionize to day, the business community will enliven itself by telling them back. The Augusta Constitutionalist has its local columns filled with the Shuetzenfcst. The Augusta Chronicle and Sentinel : The Grand Lodge of Good Templars meets at Macon Hall, in this city, at half-past 10 o’clock this morning. About sixty-five delegates arrived yesterday, and were gene rally quartered at private houses. A large number of delegates were also expected to arrive by this morn- thero would be danger; but it is still unsold, ing * train. The negro question will be ono of the important topics of discussion, and will doubtless be j disposed of satisfactorily. Horse swapping is all the rage in Gainesville. Only four persons—all negroes—in Early county j The first public schools in Georgia wero instituted j force in our bauds a financial crisis in the in Columbus. Work on tho new brick church in Gain esville is pro gressing rapidly. A rattlesnake with eighteen rattles was killed in Early county the other day. Cartersville has bad had her election, and chosen J. G. M. Montgomery for Mayor. Concerning the rumors of a duel between Smith and Johnson, the Albany News says: “There are two sim ple little reasons that keep the public mind calm in Georgia: First, Governor Smith wants to be Governor to the end of the term for which he was elected; sec ond, the Governor wants to be Gover alter Smith’s torm expires.” The citizens of Gainesville are still excited over the removal of the post-office to the country. Gainesville has a young man who plays upon the concertina without the fear of being arrested. This shows a bad state of public morals in that vicinty. A young lady of Talbot county, by the superiority of her manipulation, induced six cows to produce three hundred and eleven pounds of butter, from the first of May to the first of September. Surprise parties are still popular in TOlbotton. John Long, who, during Bollock’s administration, murdered a man in Echols county, and was pardoned by that functionary, killed a man in cold blood in Ala bama recently, and was arreated and pnt in jail. He says he has murdered seventeen men in cold blood. Major A. J. Cunningham, a well-known railroad officer, died in Dalton last week. The colored Baptists of Griffin are indulging in s meeting stupendous for to see. Scheuerman’a Opera House in Griffin is nearly com pleted. The Mzcjd ladies are making great preparations for the State Fair. A Griffin merchant has had, within the past few day.', fifty applications from young men who want positions as clerks. Er. Andrews, of tho Washington Gazette, is remark ably accurate when ho shoots with the pen. He de clares that more blood flows from the noses of the den:zms of one country village in Georgia, during a twelve month, than has been shed by the bloody, miod-d Atlantese in all their paper duels since the founJ it ion of the city. he does “not desire any trouble;” he beiu of opinion that tlisy acquit him of the state- j nients made by us. To this we very cheerlully answer that ns j the papers read it would appear as if injus- j tice had been done to him; but as the Her- , ald never makes any statements except upon I good authority, we must respectfully decline | to take back anything until we have fully in-1 vestigated the matter. If we should then dis- | cover that we have done him an injustice, we shall frankly admit it and repair the injury. We say it in all seriousness, and with a full ] But until then our words must remain as they \ appreciation of the gravity of the situation, l were printed, even at the risk of getting iuto that a financial panic in Atlanta is a disgrace j trouble, which, by the way. Cel. Thomas, j ] whose salary we help to pay, is employed ti | j prevent. Among the many reports on the street ves- j terday was oue to the effect that the sus- ' pension of the Dollar Savings Bank was ■ hastened, if not actually caused, by tx- Governor Brown drawing out thousand dollars he had on there. Mr. Willis, the cashier, positive denial to this rumor, fifteen j deposit ' gare aj stating eruor still a ' impossible it is for the South to bo injured j ar g e balance to his credit on the books of the by the crisis prevailing in New York, he will j bank. It seems to us, however that ak Governor Brown is a director of the bank and one of its largest stockholders he might have let that money remain where it was. Alabama Exchanges. South will be a most disgraceful thiug, and for Atlanta, with all her enterprise and her energy to undergo a panic will be a stain upon her good name and a cause of almost irrepar able injury to her future. We appeal to our readers to remain confi dent, and to nphold the banks to the utmost limit of their means. Because the banks of Angusta suspend, is no reason why the banks of Atlanta should be forced to the same un pleasant alternative. Because there is a pan ic in New York is no reason why there should j be one in Georgia. | We are independent of the North and now, more than ever, is the time to prove it. In- stead of yielding to unmanly fears our people should bravely confront the temporary em barrassment caused by the collapse of a clique of rotten banks and brokers of New York. Europe needs our cotton and must have it. It we cannot get money from the North to move the crop, it will not be many days before the spinners of Manchester and of the Continent will be forced to send the money here to pur chase. We may be pinched until the money comes; but we shall ren solvent and unscathed, unless we yield to a selfish and cowardly dread of a disaster which we alone can briug down upon ourselves. There is nothing in the situation to dis courage the South; and nothing whatever in Atlanta to even warrant uneasiness. Let those who have money in the banks leave it there, • confident that it Many comments were indulged in on yes terday against a certain manufacturer of this city because he drew out a large sum of mon ey from one bank and deposited it in another. It appears to us that the unfavorable remarks made censuring him were both unjust and ungenerous. The gentleman in question has nearly fifty men in his employ and is com pelled to pay them weekly. For reasons sat isfactory to himself, be changed bis bank of deposit and the fact would never have been known to the public had hot some of the bank officials told it. The Late Seltajj of Monocco.—A cable telegram lrom London announces tho death of imperial highness Sidi-Mohamet, sultan— styled by Europeans emperor—of Morocco. He acceded to the chief power in the year 1859. His reign was troubled almost continu ously by internal factions and factions out breaks and the diplomatic pressure of several of the Old World great powers. His majesty bore the sovereign title of “Lord of the True Believers,” but was ordinarily styled by his snbjects Seid-na (Oor Lord). He married in his yonth a French woman, Virginia Lanter- mer, who subsequently became empress of Morocco. She is a native of Chaley, near Dole (Jura), where she was born on the 20th of November, 1820, in a poor cottage. She went with her parents in 1834 to Algeria, and the whole family were taken prisoners by the Moroccans. Her father was killed and her mother died a short time afterwards. The captors, dazzled by tho great beauty of Vir ginia, spared her, and by a concurrence of ro mantic circumstances the emperor’s son—jnst now deceased—fell in love with her and made her his wife. The empress has since songht out and brought her three sisters to the Mo roccan court, to which they ore attached. An English consular report, published a few years since, on the home condition and commerce of Morocco, concluded wilh the following words; “When the rulers of the country shall be possessed of intelligence and energy, and gnided by a spirit ofrjustice, and shall evince some appreciation of the benefits of civiliza tion, Morocco may be expected to take a high er place among commercial nations; bnt until then, its capabilities will continue to bo neg lected, public order will continue to be dis turbed, industry will languish and trade and commerce be paralyzed." Captain Hall’s Death. PRECEDED BY THE LOS8 OF HIS MIND—STATE MENTS OF DR. BISHELL AND HIS EN GINEERS OF THE rOLABIS. We clip the following from the Eufaula Times, con cerning the money pressure: The moneyed men be gin seriously to feel the monetary crush in Now York. There is but little of the precious commodity in these parts, and s bale of cotton is treated with as little re spect as last winter’s overccat. It is fashionable, however, and that is some consolation: A white owl is creating much sensation in Lufsula. The Jacksonville Republican says: It is estimated that the worm has destroyed a third of the cotton crop of Calhoun. The Tuscaloosa Times places the yield of the cotton st from one half to s third of s crop. Ihe worms have been very destructive. A writer in the Montgomery Advertiser thinks cheap shot guns have cost Alabama $14,000,000 this yeai. The negroes and boys use the guns that kill the birds that eat the worms that devour the cotton that grows in the fields that the planters sowed to feed the ne groes that do tliia mischief. The Livingston Journal estimates the cottou yield in Sumter st half an average crop. Daily trips are to ba resum*1 over the Selma and Gulf railroad. , The Stats Journal aaya that it is rumored that the coal “corner” gotten up in Montgomery was done to fjrce the Secretary of State to pay $10 per ton for the coil for the8tate House. Distressing accounts retch ns from the Junction, nsar Pollard on the Mobile k Montgomery Railroad. Mira than one-half of the citizens are down with yel low fever, ao that there are not enough well men and women left to wait on the sick.—Mont. Adv. James Freeman Clarke, of Boston, tells a good story of wbafc a Western fanner thought of Emerson's ability as a* lecturer. The far mer was on the 1 yceam committee of his town. Mr. Clarke asked him what lecturers they had heard before their lyceam. He named several, mod, among others, “a man by the name of Emerson.” Mr. Clarke asked him how they liked him. 11 Well,” said he, “we had him last winter, and, though he was pretty dull, he seemed to have a good many good ideas, and so we thouuht we ought to encourage him, so we have invited him to come again this winter.”—Cincinnati Commercial. Charles Maccalester, of Philadelphia, has presented to the city of Minneapolis, MinLe- lOta, a gift of property worth $100,000 for ducatiou&l purposes. is in good hands, and that there is not the slightest probability of their losing a dollar, and Atlanta will pass through the season with ease, and in a large business and a greater prosperity, her people will reap the full re ward of their coolness, confidence and sagac ity. ^ SKND IN YOUR COTTON. Although there is no money in the market with which to purchase cotton, wc urge the farmers to briug iu all they have, and leave it with the merchants to whom they are in. deb ted as collaterals for their debts. If the y will do this, the money market will be promptly relieved, as upon this cotton their creditors will be able to obtain sufficient ad vances to meet their paper with, and thns prevent any further drain of money from the South. By doing this the farmers will avoid the necessity of sacrificing their crop, and the mercbants'will obtain all the funds they need. Send in your cotton. ATLANTA’S BULWARK—THE BOARD or EXCHANGE. The people of Atlanta will not soon forget Messrs. James, Chamberlin, Crane, Adair, Neal, Stephens and the host of true and brave merchants who, last night, stemmed the tor rent of tho panic. We publish Mr. Stobo Farrow’s card with pleasure; but we must take exception to his remarks os to tho “propriety” of our stating that we would not support him for Mayor, unless he had consented to become a candi date for the Mayoralty and bad solicited our support. In the editorial we very explicitly stated the reasons that impelled us to the an nouncement, and while we did so with re luctance, we deemed it necessary so as to silence the rumors which were afloat concern ing us. Herald Cable Special. London, September 20, 1873. The following is a portion of an interview between a Herald correspondent and Dr. Bis- sell, of the Polarisat Dundee: Dr. Bissell—Since arriving here we find from American papers that several very silly and absurd rumors of a mischievous tenden cy have been abroad. It is just possible that the government at Washington prefers that we reserve what we have to say for graver discussion; but I must emphatically contradict the statement that Captain Hall died other than a natural death. He died of apoplexy. He was ill about a fort night. He appeared to be in perfect health when enteriDg upon the voyage. I noticed nothing unusual in bis health up to tho pe riod of his illness. The rumor that he was poisoned is,too absurd to be seriously enter tained. The rnmor may, too, have been founded on hallncioation. Of the raving of the patient, Schuman, the engineer, says that Hall was in continual ap prehension of being shot, but was not aware that any one member of the crew more than another excited his suspicions. Another phase of his mania was a aeteripinatiou not to eat or drink anything unless it was first tasted by some person. The tasting was mainly done by Hannah, the Esquimaux wo man. 'When he rallied and for awhile recov- eerd his wonted intellect, h o would say to Capt. Buddington, “If I die, you must still go on to the North Polo. He would say, “Mi last wish is that you strive to go to the North Pole. Don’t let my death be a hin drance to the accomplishment of this great undertaking.” Dealing with the case of the fraudulent wo. man who calls on people, sends in a well- known card, and while tho servant carries it up, fills her pockets with valuables off the mantelpiece and centre-table, the London News proposes as the only remedy “storms reception saloon, like the waiting-room of a railway station, with nothing in it but two or throe,heavy chairs, a solid deal table, an|emp- ty water bottle, and a very old directory." Connecticut has a horse forty-four years old. He has never drauk n glass ol whisky or ebsWed tobnc.-o, and goes to bed at prop er hours. the panic. AMONG OUR BANKERS YES TERDAY. How Atlanta Took the Shock of the Storm. Incidents of the “Run,” and Notes on the Street. Ths disastrous news of the niglit before hail some what prepared our people for a day of gloom yester day, and the day opened with the whole city “down in the mouth.” We append the carefully collated views of onr Re porters, which we believe cover the whole picture: The Suspension of the Dollar Saving* Bank. At about eleven o’clock yestorday, an employee of the Dollar Savings Bank called at the Herald office and announced that Mr. Willis would like to seo one of the editors of the Herald. Entering tho bank, we found it baf filled with men, with the green baiza drawn down, and the fol'ewiug notice pinned upon the outside of the raying Teller’s desk: : to oun depositors. ; Owing to an unusually large run made upon this: :bauk during tho past three days, and the conse-; ; queut payment of large sums of currency, we have: :been compelled to suspend payment for a few: ;days. ; ; Our assets exceed our liabilities by nearly seven-: ;ty thousand dollars. Be patient and give us time: I to convert our assets into cash. Every depositor: : will te made entirely safe. That told the whole story. Passing rapidly into Mr. Willis’ private room we found that gentleman, with Mr. Gordon, the President of the bank, one or two clerks, and a couple of gentle men, earnestly discussicg the situation. HOW IT COMMENCED. lu substance Mr. Willis said: * I never thought but that the bank would get through the day safely. I never anticipated anything serious, though I will conft ss I was a little stirred up when I saw the announcement of the suspension of the Dol lar Savings Bank of Richmond. I was afraid tL' sim ilarity in the names might start a run on our uauk. When I got to the bank I found a small crowa arouud the door of the bank. I was not uneasy, as we had had something of a run ever since tho commencement of the panic, and had already paid out some twenty-five thousand dollars. We opened and went to woik, and the checks commenced piling in. We paid as fast as we could, aud paid to tho letter. The largest check that we had was $4,500, aud we paid this, and paid on until Mr. Sam Hoyle picseuted a certificate for $000, which we took up, and then look ed over the field. We found that we had paid out $24,000, and had only $257 in the bank, besides a little specie. We could get no help from the other banks; we were out of currency and couldn't realize prompt ly on our assetts, and lienee had to close doors for a few days. the bank perfectly solvent. What is the condition of your bank’s assets and lia bilities? I have not yet got my balance sheet completely made out, but I can give you a substantially correct state ment. We owo our depositors, at the outside figure, $112,000. OCR ASSETS ARE— Stocks and bonds at coit figure $ 5,000 Discounted notes 104,000 Real estate 33.000 Due from other Banks 6,COO Total $147,000 Balance $ 35,000 Now, besides this, we can call in at least $35,000 of unpaid stock, and can realize $5,000 from other sources. Every depositor will be ptid to tho last cent, and that ,tqp very speedily. I shall not rest a moment, but shall at once go to work to realize upon assets, and pay up my depositors and resume busi ness. I think wc will be opened in ten or twelve days. My depositors, as a class, have unabated confidence in the bank, and there is at least forty thousand dollars of my deposits that will never be called for, so I am assured.” “Yes,” put in Mr. W. 8. Thompson, who had just come in, “ I have about two thousand dollars with you, and I am not a bit uneasy about it.” “This Bank,” says Mr. Gordon, “has paid out over $30,000, interest ou deposits, to the people of Atlanta since it started, and paid 10 per cent, every six months and cash dividends on its stock. All that we need is a little patience from the people, and we'll te in full sway very soon. Mr. Willis—We have had several deposits offered to day, aad refused them all. Walker A Boyd wished to deposit $600, which wo refused to take, and we re ceived two or three deposits by mail, which we shall return by to-night’s mail. My line of discounts are good and can bo promptly turned into money. I will 1 e at work soon, snd will give you a full statement of our condition to-morrow for publication.” } On all sides was expressed absolute confidence in j the ability of this sterling little bank to pull through, * and of Mr. Willis’absolute integrity and full ability I to meet the crisis. During tho whole day not a j shadow of reflection was thrown over Jim Willis’ | fair name, though there were probably four hundred | men and women whose money was locked up in bis i bank. This is a magnificent tribute to his character, I which wo take occasion to say is wholly deserved. ■ Csptsin Harry Jackson had offered Walker k Boyd some of the stock of this bank at 110 a few days ago. I On yesterday, after the suspension, Messrs. W, k B. | asked him what he would take for his stock. “One | dollar and ten cents, and not a cent less !” A gentle- ; man who had $65 in the bank offered to sell it for $63. ! He was promptly taken up by a man who said, “I’ve | got $3 JO in the bank, but I'll take bids like that as long | as I’ve got a dollar.” This feeling prevailed all over the city, and Mr. J. C. Bianson, of Kingston, placed at the disposal of the bank $ 10,000 of good collaterals, to be used as Mr. Willis deems best. This brave little bank—the friend of the people—will lore nothing by its accidental sutpensioo. It will come through tho ordeal uuecorched, and iu thirty days will | have a bigger list of depositors than ever. We \ heard a prominent Alabama street man | say yesterday, “From tbo day they open they will get every dollar of my deaposits,” and this feeling is by no means cdbfiued to this one man. Mr. Willis, the manager of the bank, has made a fortune here iu a fow years time, aud bis Anancial ability is un questioned. He is careful, shrewd and prudent, taking few chances, but letting no legitimate oppor- i tunities slip to make a dollar. He has not lost a moment, and has settled the accounts of several of bis depositors. At the Bank of the State of Georgia. A scene of loneliness that was really chcorful, taking things Into consideration, struck us yesterday, sb wo | entered the doors of this bank. Presenting a small check, Mr. Bell smilingly paid it, while Mr. Coker, with his hat on, sat leisurely writing s letter, In th* corner of the room. Any news to day, Mr. Bell? Nothing special, except that I hear the Dollar Sav ings Bank has suspended. Is there any symptoms of a ran on any other banks? I reckon not. You seo there ain't mncli of a run here,—laughing quietly as if he was at peace with all the world, and was ready for death. At the Freedmrn’fl Savings Bank. On entering the bank this reporter fonnd Mr. Corsy, tbs cashier of the bank, standing behind the counter, smiling pleasantly in the main, but an occasional look of trouble overshadowed his face. The facial expres sion seemed to Indicate that he lelt keenly his respon sibility, and st the same fine he Bhowod that be had absolute confidence in tho solvency of the bank. Cour tesies being exchanged, the following interview was prosecuted: lleportei—I came to make inquiry about the con dition of your bank, and to aak the cause of the run which )ou have, recording to rumor, experienced In the Nat t**w da> *. Mr. C »ry—Our bank is a till in s healthy condition. notwithstanding the heavy run we have been subject ed to for the last few days. My opinion is that the run was caused by divers articles that appeared in the Constitution. The heaviest run was made cn yester day, in consequence of a paragraph in the Constitu tion, which was in substance—“That twenty-six of the Saving Banks established among tho ireedmeo of the South, were in correspondence with Jay Cooke k Co., at the close of last year.” This statemeut is false in toto. At that time thero was not a single savings bank in the South in correspondence with Jay Cooke k Co. No saving bank has had any thing to do with Cooko k Co. since then. The Freed man Savings Banks never deposited with Jay Cooke A Co. They are all in correspondence aud deposit with their “Northern bank” in New York city. The Amer ican Exchange National B ink clears for us at tlitf clear ing house in New York. They have a capital of five million beaides a large surplus. Reporter—Are you at all apprehensive of trouble from this run on the bank from depositors. Mr. Corey—We have stood the run for four days aud are still unembarrassed; we are amply able to pay every depositor, but I tell you frankly if this run continues we will take advantage of the thirty days rule. Reporter—Is this feeling of insecurity general or confined to certain classes of depositors. Mr. Corey—Tho bulk of our depositors are not at I all uneasy; it is principally the more ignorant portion ' of them and thoso who have email accounts. We have ' over thirteen hundred open accounts. Our depositors are generally men who aro easily frightened. They j have received much bad advice from a certain portion I of the citizens regarding their solvency; advising 1 them te run to tho bank and draw their money, if they i did not want to lose it, while tho better class of the white people have been remarkably kind tons; and we are under many obligations to many of them for indorsing and speaking kindly of ns. We are espe cially grateful to tho other banks for the many favors they have extended us. Reporter—Your bauk is at least perfectly secure, is it not ? Are you not connected with the otter saving banks in the South? Mr. Core}*—All the freedmen’s swings banks in the United States are in reality one bank, with branches, and in my judgment it is the strongest institution in the South, all investments being made in government bonds and real estate secured by mortgages. At the State National. Thero wasn’t the shadow of a run upon this sterling bank, aud Judge Clayton, that veteran financier wLc g» reputation is Atlanta's boast, carried on his usual rou tine of discounts, exchange and loans. It is said that this bank offered to assist any bank that ran short of currency. President James M. Ball Is in Now York, but his place is ably filled by Captain James R. Wylie. At tin Banking, Loan ami Trust Com pany. A slight run was made upon this reliable old bank last Friday and Saturday, when it was first announced that Jay Cooke had failed (as Jay Cooko was the New York correspondent of the bank) but th<* promptness and ease with which Mr. Dobbins, and D. Wilson, and the Messrs. Goldsmith, met tie three or four days selge complcte’y restored coniileuce. Ou yesterday after the suspension of the Dollir Savings Bauk, there was a slight run, but every depositor was promptly paid, and by one o’clock the excitement had entirely closed. This bank Las stood the ordeal nobly, and wore au unsurpassed hold upoa the commercial com munity. At (in- 4 lt:zens* Bunk. This is esteemed one of the strongest Banks in the State, and on yesterday showed no tremor or signs of excitement. There was no symptoms of a run, and depositors held up their end of the firm as usual. This Bauk is understood to have offered to help the other Banks if any of them 6uould need help. At tlie Atlanta National Bunk. This staunch old Bank on yesterday evening showed up, as the day’s work, $40,000 x>aid out, $50,000 receiv ed on deposit. It has had no symptoms of a run, and d >es not anticipate any. At W M. tV J. R. Lowry’s. This dowu-lown bank has suffered nothing at all by the excitement. Upon the suspeu&iou of Howe's k Macy, their New York correspondents, somo inquiry »» J start!d, and it was found that they bad overdrawn their account for the time with the New York lionre. They have a fine line of depositors, all of whom 1* lieve in the house, and havo no fears about their money. At James’ Bunk. There was no perceptible run upon this favorite bank, though several depositors are said to have drawn out their money. Mr. Jam^s was in Cobb county making a speech to tho Agriculturists, but came borne ou tlie 1:30 train. He was as affable and as complacent as ever, and sat basking in the sunshine of his bank door, chatting pleasantly with the leasers in and out. The long established confidence Id this bank can’t be shaken by anything. Mr. Solomons struck a popular choid yesterday when he said, “ Every dollar I’ve got is in James’ Bauk. and if I had ten times more, I’d put it there.” This reporter saw Mr. Chamberlin, of Chamberlin, Boynton A Co., make bis evening deposit of a trifle over one thousaud dollars, and a merchant with him put in seven hundred and forty dollars. The deposits were as large ss usual, and Mr. James still holds the heart of the people. At tlie Georgia Railroad Bunk. The deposits at this bauk yesterday by far exceeded their withdrawals, and it showed no evidences cf the panic. On Hie Street. There was not muck excitement on the street yes terday, save that clumps of anxious-looking men might be seen scattered about busily discussing the stirring events of the day. Mr. Silvey, of Silvsy, Dougherty A Co., says, “I feel safe now, because we have got our cotton here. If it was gone North, I would begin to be frightened.” Mr. Evan Howell thinks all the people ought to take holiday for two weeks, and wait for the thiDg to blow over. IN GEORGIA. Heavy Run on tho Savannah Savings Bank and Southern Bank of Georgia. Savannah, Sept. 25, 1873. A run commenced early this morning on the savings department of the Savannah Bank and Trust Co., and the Southern Dank of Georgia. Large crowds are about tbe banks. The banks are paying dollar for dollar. Business is at a complete stand still for the lack of currency. LATER. Tbe run on the Savannah Banking an I Trust Com pany closed at noon, and continued on the Southern Bank of Georgia to its close. Tbe chamber of Com merce is considering the malter. At Augusta. Augusta, September 25, 1873. The followiug banks have suspended: National Ex change Bank, Merchants and Planters National Bank, Bank of Augusta, aud Planters Loan and Savings Bank. The run on banks have been ho *vy, especially this morning. Cottou is coming in freely, but there is no money to move it. LATER. Business is blocked and the cotton inaiket has im pended operations. There is no cur.ency to buy cot ton. The First National Bank paid aa usual, but there appears to be no serious run on it. The President will pay as long aa there is a dollar of currency in tho vaults. There is confidence that it will weather the storm. Commercial circles hopeful. No suspensions among business men. There was a Urge meeting of tho merchants, at the Exchange Rooms, appointed on the committee to wait ou the directors of the Georgia Railroad and Banking Company and other banks, to isaue some medium of exchange to bridge over the present crisis. The banking house of John D. Oohen A Sous has suspended. Assets ample. The bonds and stocks can not bo sold. There is no market for the best securi ties even at a sacrifice. The suspended banks have ample asset a, and will meet every dollar of their liabilities when the pres sure eases tff. AT OTHER PLACED. At New York. R'chsrdsou telegraphs that his duties require him n Washing on. and cannot moot the Clearing House Committee in New York. TMRRK O’CLOCK. The leeliug continues to improve. Tbe run on Jera> City Pavings Rank has ceased. Gold closed at $111?.'. The Superintendent of the Clearing Honae states that about three million new loan certificates have been issued. Tbe Governing Committee of the Stock Exchange met to-day for the purpose of devising some plan for clearing stocks. A committee of seven was appointed and brokers requested to send iD their statements. RESOLUTIONS OF PRODUCE EXCHANGE. Whereas, the critical condition of the country re quires an immediate relief by the removal of the block in negotiating foreign exchange; therefore Resolved, That we respectfully suggest to the Sec retary of the Treasury tho following pUna for relief in this extraordindry emergency: First—That currency be immediately issued to banks or bankers npon satisfactory evidence that gold has been pUced on special deposit in the Bank of England by their cn respondents in London to the credit of the United S ates, to be used solely iu purchasing com mercial bills of exchange. Second—Resolved, that the President and Secretary of the Treasury are respectfully requested to order immediate prepayment cf the outstanding loan of the United States due January 1, 1874. The Stock Board—The Purchase of Bonds Stopped. New York, September 25, 1873. No Stock Board to-day. A notice is posted on the dcor of the Sub Treasury that tbe purchase of bonds at that office are for the present suspended. Iu enswer to inquiries, the Sab Treasurer states that he cannot state whether any purchases will be made to-day until advised from Washington. At Memphis. M Kuril is, September 25,1813. ! Tho bank failures arc attributed to inability to real ize on eccu- ities iu New York. The First National and i Kelso Bank has suRneadtd; and there is a run on ihe | other*. At Cincinnati. | The Clearing House Association Las just adopted I the following resolution: Resolved, That for tbe j protection cf cur ccmtncr ial interests and for the j purpose of preventing a drain of currency from our ; banks aud bankers of this city, we do hereby agree to ' adopt substantially the plan adopted in New York— ; namely, that they will not psy out currency on checks ' except for small sums, tob? optional with the banks j upon whom they are dnwn. But they will certify checks drawn on balances in their hands, payable through clearing bouses only. ! Details concerning the action of the Cincinnati ; Charing House Association this morning, state that i each member of the Clearing House Association is re* ] quired to deposit such a sum in approved Securities i as will at all times cover the amount of his clearing, j Government bonds are received at their par value. . Railroad aud other stock aud bond*, and bills receiva- ' ble are received at 75 per cent., of the value fixed on ; them by tbe committee. No certificates are issued j by the committee winch can only ba used in the set- j tlcmeut of balances between tbe bauks, and arc not j negotiable. At Chicago. Chicago, September 25, 1873. The Chicago Clearing House has resolved until far ther action, and in view of the disturbed condition of affairs in New York and other cities, and the difficulty ! in converting balances into currency, and on the ad vice of the B^nk Examiner, our members be recom mended and authorized to suspend currency payments | on any large demands made on them cither from country batiks or over their counters. At St. Louis. St. Loris, September 25. It was decided at a meeting of banker* held last night, to suspend payments on checks or drafts, either j in currency or exchange, till the excitement in the | East subsides, and a firmer condition of markets !s j restored. Panic in Memphis. Memphis, September 25, 1873. f The First National Bank of Memphis is suspended. At New Orleans. New Orleans, September 25,1673. At a meeting all the bank presidents except two* res dved to pay no checks over a hundred dollars, i This lasts thirty day*. At New Haven, Conn. New Haven, September 25,1873. The cavings bank* are enforcing the legal delay iu paying depositors. No serious runs. At Washington. V arhingtom, September 25,1873. The Washington City Saviog* Bank, known aa J. R. Ruff ’*, after a five days’ run posted a sixty days’ notice clause. To relieve the local stringency, two million dollars in currency remain in the treasury for current pur poses. Secretary Richardsou will only draw on the forty million reserve for Government necessities. The Government, he says, has helped the banks by issuing thirteen millions for bonds, aod they mu6t now take care of themselves. Washington, September 25, 1873. It is stated that Richardson declines anticipating ■ the 74 oonds which mature in December aad January. The President and Secretary of the Treasury in con- i fcrence this evening decided that the Treasury will pay out no more currency except for ordinary dis bursements. Oa account of the monetary panic and the run on all the hanks in this city—two of which have suspended- business is almost entirely suspended. The President and Secretary are entirely in accori | They think they have done all they legally can, and all that is necessary to relieve the legitimate business of the country. The forty millions reserve will be used for urgent government necessities only, snd to a very i little extent, with the understanding that it ahall be i replaced when the urgency passes. The government ! at present will buy no more bonds or sterling exchange. The Secretary, in answering constantly coming dis patches advising him to some other course, invariably answers, “No.” The above is official and may be regarded as tbe fixed policy of the Administration. At Charleston. Charleston. September 25,1873. No run on the banks. The Freedmen’s Savtngs Bank exact sixty days’ notice. Other tanks pay as At Selma. Selma, September 25, 1873. ' The Selma Savings Bank has suspended. Assets be- 1 lieved to be ample. At Detroit. Detroit. September 25, 1873. j Two bankers Lave failed. At Boston. Boston, September 26, 1873. ! The course of the bank* is simply conservative, j Loans are reduced, but the urgent wants of business are met. At New Brunswick, New Jersey. Kiw Brunswick. September 25. 1873. The Stats Bank of New Brunswick has failed. General News Items. London is fall of starving journalists. Eighteen thousand Americans vent **»br» ai” this year. The postage on letters to Germany is now j six cents. New York State has had ice a quarter of an inch think. The office-holders of Minnesota are assessed five per cent to fight the Farmer’s ticket. It is said that there isn't half so much kiss ing since the ladies commenced wearing neck ruffles. Fort Wayne, having a population of 15,000, claims to have 8,000 babies. Triplets don’t : create any surprise in Fort W^yne. Seventeen new papers have been started within the last three weeks and have all been nnmed the Eagle. The bird isn't losing any of its oJd-tnne popularity. In Montana a man killed on elk this month which dressed eight hundred pounds by actual weight, and the Herald claims it as the monster elk of the Rocky mountains. An ignoiant Indiana farmer tied a goose on the roof of his barn and let it starve to death, and now he believes that so long os any part of the bird remains the farm will be sate from lightning.