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THE FINANCIAL SITUATION.-Dispatches from Washington state that a consultation was Department yesterday between Secretary held morning at the Treasury Richardson financial and Attorney General Williams on the situation. The main point under discussion was whether or not the Government had not already done all that it could, in a legitimate way, to relieve the pressure. The conference lasted about an hour, and was adjourned to await the arrival of the President, and was renewed again at the White House shortly after o'clock and lasted until 9 p. m. The conference was result of the p. m., immediately telegraphed to Assistant Treasurer Hillhouse at New York. The Washington Republican says:--"The President and his family returned to Washington last night, and immediately proceeded to About 8 o'clock Richardson called upon the cretary Executive Mansion. him, and after Sea consultation of more than an hour they came to the conclusion, and it is announced as their decision. that all the relief necessary to be afforded had been afforded by the Treosury for the legitimate business of the country, and that the Treasury will pay out no more currency than may be required in its ordioary disbursements; that is, it will buy no more bonds at present, nor sterling exchange." The Washington Republican also says: "Gov. Shepherd called upon Secretary Richardson yesterday morning, and suggested an anticipation of a few days in the payment of the monthly salaries of the employees of the Treasury Department, as the placing of so large an amount of money in circulation at once would go far to relieve the financial pressure under which the city and people are laboring just now. Secretary Richardson concurred in the wisdom of the request, and gave the necessary directions to that end. The payment of salaries for the month of September accordingly commenced to-day. Upon the request of Gov. Shepherd, and with a view to relieve the stringency of the money market in the District, the Navy Department also paid off yesterday all its employees for the present month." A dispatch from New Orleans dated yesterday says:- "The New Orleans banks, with the exception of the Southern, have suspended currency payment. At a meeting this morning of all the bank presidents in this city except two, it was resolved to pay no ehecks for more than $100. All large checks are to be certiffed. This arrangement is to continue thirty days. This action they consider precautionary to prevent a drain. The merchants generally approve the course the banks have taken. It is understood that a meeting of the Cotteo Exchange will be called to-morrow to approve of their action. Nothing is doing on 'Change. There is DO unusual excitement about the banks." Dispatches from Richmond state that the panic has entirely subsided, and there is no visible excitement on the street. A meeting of bank officers unanimously resolved to adopt the system of issuing loan certificates as now in operation in New York, Philadelphia and Baltimore, SO as to give relief to the community. The reported failure of McLain & Co., of Petersburg is contradicted. Specials to the Dispatch announce that the banks in Danville, including the Planters' Na. tional bank, have suspended, they say as a precautionary measure. The Planters' bank and the Commercial Bank in Fannville have suspended. he English and American bank of Farmville is still paying. A public meeting was held in Petersburg today, urging forbearance and recommending the use of certified checks on solvent banks among the citizens. Lancaster & Co. of Richmond have suspended in consequence of the failing of Brown, Lancas. ter & Co., of Baltimore.
