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amounts are requested to deal through their bankers, and lessen the labor of the sub-treasury. 1:45 p. m.-At a meeting of bank presidents, to-day, it was resolved, in addition to the issuing of $10,000,000 loan certificates and the suspension of curin to stand each other rency by payments with large all dos amounts the will assets, be member failing to Each member was a to ascertain and expelled. committee any where appointed the ten million government bonds or any part thereof can be purchased. Said bonds are to be purchased on account of each bank and sold to the treasury, and the loss to by banks to their occurring according thereby be deposits sustained in the house, The request the and the clearing President committee Secretary the payment of the of Treasury to anticipate bonds due January, 1874. 2 p. m.-All quiet about the savings banks throughout the city. No suspensions of payment have occurred to-day. Depositors seem to be more confident. 2:10 p. m.-The following are the latest cash prices on the street for stocks: New York Central, 88 to 91; Harlem, 103 to 105; Erie 50 to 53; Lake Shore, 98 to 79; Wabash, 48 to 45 North Western, Milwaukee and St Paul, 30 33; Ohio and Wisconsin, 27 to 29; Union Pacific, 20 to 21. 2:25 m.-Judge Fancher this afternoon, on application of counsel, modified an injunction against the Union Trust company so as to permit it to issue, register and countersign certificates of stock, etc., for parties with whom terms were agreed upon for such services prior to Sept. 20th. Judge Fancher also granted an order permitting the receiver of the Union Trust company, E. D. Wesley, to transfer to the Albany City bank $50,000 in the hands of the Trust company, a special deposit. The moneys of the Albany City bank are not subject to ordinary rules as to deposits. 2:30 p. m.-The sub-treasurer has purchased up this hour, $2,100,000 bonds. 3 p. -The total purchase of bonds at the treasury to this hour is $2,200,000. SUSPENDED. Brown and Watson, gold brokers, have suspended. UNTRUE. President Courtwright, of the Canada Southern railroad company, denies the rumor that he has been obliged to cancel all contracts for the present owing to the financial crisis. He says the road was entirely finished, and the story could not, therefore, be true. UNION TRUST COMPANY DEFALCATIONS. It is asserted, on the authority of one of the examining committee of the Union Trust company, that Carleton's defalcation will be much less than it was at first supposed to be. Up to noon yesterday the defalcation discovered aggregregated but seventy-five thousand dollars. Many of the securities on which he loaned the funds of the company, are believed to be of a better character than first supposed. A FREE BANKING SCHEME. A Washington dispatch says the comp troller of the currency examined a plan for a free banking scheme yesterday, and has submitted it to the President. He states the plan has much merit. It provides for the relaxation of present rigid requirements relative to bank reserves, and for the extension of the existing limit of note circulation. Applications are constantly made by the national banks for additional circulation. The comptroller is not authorized to issue any additional circulation under the existing laws. Further legislation is necessary for that purpose. GENEROUS CARLETON. Carleton is in consultation with his friends and making arrangements to to the Union Trust company all he He is in a in and could at turn New that over Jersey, has, friend's be trunk arrested belong- house any time. A large black ing to him has been discovered in the vault of the Trust company building, containing a considerable amount of securities 'on which he had loaned the funds of the company. X-SECRETARY M'CULLOCH'S SURPRISE Ex-Secretary of the treasury McCulloch stated in interviews last night that he could hardly believe his senses when, arrival here from Europe, he was told what had taken place. Before leaving he never for a moment dreamed that with the country so prosperous anything of the kind could happen. There were good crops and goods prices for them, and the country generally was in good alcondition. Financial panics were ways senseless. When that of 1857,took it was found that there was actuno reason for it-so it be in this instance. ally bly place, Everything would of proba- confi- depended upon the maintenance dence. The great trouble was that in like the present men became and held on to all ble times frightened funds they possessed. the availaAUGUSTUS SCHELL SPEAKS AGAIN. Augustus Schell pronounces false the statement that the seventeen hundred dollar loan made by the Lake from the make a dividend. was Shore thousand was to company It Union to Trust pay for laying the second track. ACTION OF THE CLEARING HOUSE. The executive committee of the clearlot
