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ABOUT OVER Last Night's Dispatches and Mails Summed Up. Last night's telegrams and mails brought tle in addition to our copious telegrams of yesterday in relation to the financial situation, but that little is of a very reassuring character. The New York Express of last evening After all, only one bank has suspended two trust companies. The officers of banks, both here and in Washingt out. were much more scared than hurt inand deed half the panic has been scare. derstood that the loan committee of the clear ing-house have issued $5,000,000 loan certifi cates. and the banks only required half that amount to-day business THE PRESIDENT AND SECRETARY OF THE TREASU RY COMMENDED. The talk The same paper on the streets to-day is decidedly more cheer the Every one seems to sustain the action of President and Secretary of the Treasury. generally believed that had the President he ed to the clamor that beset him yesterday would have made grave mistake, and panic would have been nationalized instead being concentrated within very narrow limits CONFIDENCE NEARLY RESTORED The The New York Evening Post says day closed with an established improvement the general feeling One day more with stock exchange closed will. it thought, put everybody in such a condition, as far as the ercise of reason is concerned. that it will be prudent for the brokers to again begin business This afternoon money brought on the street high per cent. that rate having been paid by distressed brokers. President Vail, of the Bank of Commerce, said this afternoon that confidence had been very greatly improved. He thought the action of the government in buying five-twenties had been beneficial in loosening greenbacks THE TOTAL AMOUNT OF BONDS BOUGHT at the New York sub-treasury yesterday $3,339,150. James T. Brady & Co. and the Se curity Trust company of New York, failed yesterday Many of the New York bankers think the loan certificates should have been issued earlier, but all agree that this, with the purchase of bonds by the government. has aided greatly in restoring confidence, and that there was no ground of apprehension for further disaster. THE NATIONAL BANKING SYSTEM. A special from Philadelphia says men who never before gave our national bankin, system thought are now loud in praise of the system, and commend the wisdom of the national ernment in giving the country a uniform and safe currency President Grant much commendation in business circles for the firmness and sagacity displayed in the ence on Sunday, at the Fifth avenue hotel New York The dullest man can now see the imminent danger that would have constantly threatened the business of the country had the President acceded to the bold proposals to place the fund at the call of these New York speculators. EFFECTS OF THE PANIC EAST AND WEST. There was a considerable run upon some banks in Chicago yesterday, but they to their resolution to fall back upon the 30 and days rule, and only paid sums of less than $100. The largest assemblage appeared to be gathered at the State's Savings Institution. At meeting of bank presidents last night the general opinion that there is no reason to fear any trouble, but it was agreed that in case any should arise, the banks will stand by each other to the end. The Milwaukee Chamber of Commerce yesterday adjourned until to-morrow, in order to consu as to the requirements of the occasion. H. W. Burt & Co., private bankers of Buffalo, N Y. suspended yesterday. On account of the financial panic the bankers in Little Rock Arkansas, refused to take the city money which has been in circulation for years, and considerable excitement was the result. At a citizen's meeting held in the after noon it was resolved to take this money susual In Cincinnati a feeling of confidence prevailed and the applications at the banks for discount were comparatively light, and orders from the country for currency less than expected. There was a run on the Trenton savings banks yesterday. The directors claimed two weeks notice according to their charters, and took the names of all W ho wanted their money. A CANADIAN CORPORATION ASSED. A dispatch from St. Catharine Canada, say the Canada Southern railway company have, owing to the financial crisis in New York been obliged to cancel all their contracts for the present, and have ordered the discharge of all their kmen not employed on regular trains running over the road. THE COOKE BROTHERS. The Sandusky (Ohio) Register says that the losses in that place by the suspersion of Jay Cooke & Co. even if the failure should be total will not exceed $50,000, and that twithstanding the which the news of the failure caused in all classes of the community, there was but one opinion among all-that the indi vidual members of the firm deserved no censure, having acted honestly in their business management The old friends and neighbors of the Cooke brothers expressed much sympathy for them, the Register says, and stand ready to offer assistance. The confident hope is expressed that the firm will overcome its difficulties, and the prediction is made that not a dollar of Sandusky money will be lost through the failure. The three brothers Cooke Jay, Pitt. and Henry D. are very well known in Sandusky they having lived and transacted business there for some years. CARLETON'S DEFALCATION $500,000. The New York Tribune of yesterday says: The only story of actual crime that has been developed bv the breaking up in Wall street is the defalcation of Charles T. Carleton, sec retary of the Union Trust company. At the amination of the affairs of the institution Friday night. rapid and general as it was, it was discovered that at least $350,000 worth of government securities and railroad bonds which had been kept in the new underground safe, had disappeared, and probably as much more. Mr. Carleton had left the office late in the forenoon, and though when he went out was supposed he had gone to lunch, he has not yet returned. As evening approached and the secretary was still missing rumors of distrust began to spread themselves among the officers and clerks. Late at night the surprising discovery was made known Mr. Carleton has been connected with the bank for five years, and has not once until now been under suspicion He son of the Rev. Dr. Carleton, formerly of the Methodist Book Concern, and it stated that one loan of $20,000 was made to his father. Mr. Carleton lived in elegant style at No. Oxford street, Brooklyn, where a Tribune porter found three servants, who were greatly alarmed at the absence of their master and the rumors they had heard of his doings. It was learned that Mr. Carleton was last seen at home on Friday morning, when he left at the usual hour for the office. As he was traced by the detectives to the New Jersey Central depot, it believed that the defaulter first went to his father's home in Elizabeth, N. J. but nothing further concerning his whereabouts yet known.
