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The Financial Crisis. Stock Exchange Still Closed. New York, 25. Henry Clews & Co. state that the liabilities which their London house e describe as incurred for the account of the f New York house are mainly acceptances under commercial credits for the account of various merchants in this city and elsewhere, to whom the drafts will be returned, and who will meet them, being prepared so to do by having the goods in possession against which e the acceptances were given. The apparent liabilities therefore of the London house will be reduced to the extent to which the acceptances render. Their credits are provided by parties on whose account they were issued. Washington, 25. Rumors have reached here that the Secretary of the Treasury advised a temporary suspension of all banks. Secretary Richardson asserts that further than helping the banks by bond purchase which have been made, he has nothing to advise and only to look to the interest of the Government. Other wild rumors were circulated to-day, a large number of which can be traced to no solid foundation. The situation, 80 far as the f Government is concerned, is unchanged since the close of business yesterday, when the purchases of bonds stopped. The arrival of the President to-night may possibly result in additional instructions, but this is merely problematical. There will be a Cabinet meeting to-morrow which will have the weight of financial matters for general consideration by the Heads of Government Departments, and considerable interest is felt in the result. No official here has any idea thnt there will be a called session of Congress, with a view to relieve the financial difficulties. Detroit, Mich., 25. The run on the Savings banks was quite extensive to-day. They all insist upon thirty days notice for large assets. David Preston & Co. and F. L. Seitz & Co. have suspended payment. New York, 25. A meeting of the governcommittee of the stock exchange was held at two P. M., at the call of H. G. Chapman, President. It was resolved to appoint a committee of seven from the body of the exchange to effect clearances of stock. Members will be required to send in a list of all I stocks they may have going in and going out the notice of the committee. It has been suggested that the stock exchange should open for general business, leaving the settlement of contracts growing out of Friday and Saturday's business, and sales under the rule in obeyance. This, it is claimed, would give investors a chance to buy stock and would bring money into the street. There was no meeting of the Erie Railroad Directors to-day, no quorum being present. It is said&that the bulk of street stock business is bogus. Yesterday_there were several purchasers of stock at cash, at the low prices, but the bogus sellers did not make their deliveries. The day closed without any further failures or any fresh outbreak of excitement. The banks to-day in the Clearing House association, pooled their legal tender notes as provided by yesterday's resolutions. The creditors of the National Bank of the Commonwealth had a meeting this afternoon, but pending the investigation by the receiver, no action was taken. h There was no meeting of the Chamber of Commerce this afternoon, the call therefor having been decided illegal. The actual disbursements of greenbacks for the purchase of bonds by the Sub-Treasury since Saturday, was $13,300,000 The Dollar Savings Bank of Atlanta, Ga., and the State Bank of New Brunswick, N.J. suspended to-day. Baltimore, Md.. 25. The banks to-day voted not to pay out money on checks except those required for legitimate business. New Orleans, 25. At a meeting of the Bank officers to-day, it was voted partially to suspend payment owing to the action of the banks in New York and the refusal of western banks to receive checks on New York. Also that the demands upon currency here have been 80 large that all will be exhausted in a few days if the demand continue from the outside.
