The New York Herald Newspaper, August 28, 1857, Page 2

2 NEW YORK HERALD, FRIDAY, AUGUST 28, 1867. a are ordre, ‘acco! ndgo granted an order that the defendant or bis | 4 retghbering banker looks wistfully aoryss the sro! L? ith Habilities, it is anid, of over $300,000; wince usher cntoher Tents. “ W. Wore They sbom cares why an order of arom should not bo | and hopes the beok sill ome out * ail right,” and shek dastnces, wie {bs Fey that Enos Prather has surpenced. Defore me thie 36:0 day Of Augum, 1897. G T. | made to this ection, holiing the enld defendaat to bail to | Uards with a jourralist who evidently don’t care for W. G. Smith & Co., New Lion, Ole, asrigaed. Ocmmissioner of Deots ; the eum of $7,000 before ene of tbe Jusdoes of this Cour: , && be bas none, ana expects o bao nond usle* Jenpe@& Jepuison, Belvidere, TM , sold out at their Chambers tn the Clty Hail, in the aty of New |b rry an beiress or bir old uncle die end loaye bim & Jobu Conen, Dewott, Mich , suspended. AFFIDAVIT OF CHARLES WEGARY. York, om the Ist day of Septen’ ber proximo, ab 10 o'clock | ortune. , Tannebiil & Morton, Kal: Mich , sssigued, Negary being ewora, aave that be ass been for | 4 yy! . ‘The < riuking selo-wa were Hber;ily patronived porter 4 pot pon dot yop for tae nee ne ee } orediiorn grew very tuirsty, nad swallowed on, Towa, failed. su to sign checks for aim; thet ne Fiz) ‘ in sooession. The oro § loheck piven to plain tf, ano Kee We Moree dict it | THE LIABILITIES OF THE OHTO LIFE INSUR Fen ay pes pgp agp MT, failed and asetzned. Amd of0 the Dosinent with plainitf; thet (be anoexed Hevit of Jobu Thompeon as to bis business aud exveut of A210 bis credii im the strost, sud his camtom of drewirg ai tne American fxchaage Bavk snd other and to this being & usbai transaction, aod as to Wee cone with ihe money, Is wae; and deponeat ty Dolieves the rusponsiov was Mroed ant eudden, as office rit staled, aud thai the (ree canses (hereof are slaw CHSRLES NEGAR ofore me this 16:h dey of Aagust, 1887, @. 2, Comaissiouer of Deois ° . Bvarte, on che part of the plaintiffs, rasd the fol aMdaviie:— IDAVIT OF YHS PRESIDENT OF THE METROPOLI- TAN BANK. Pity and County of New Fork, ss;—Jobn Earl Williams, sworn, sain ‘oat be is the Prewideat of the above plainiifis. (hat om the morning of Tueeday, thy 251k of Ausurt bstent, @\ about five minutes Pasi eleven 0k, o pron &) bis office im the olty of N: bills, #mch the deiondant hat oblaiced that evening ee pol'tan Bank-—$489 88 upon the american henge Henk, we payment of which cheos hed been seed, dcponent saw said Tromorow aod asked him if paid chick *ar all right, ano the said Thompsoo re . “No, tin not all right; it t* wll wrong,’ deponent aeked bim if it would be certified a} tho bavk, and raid Thowpron maid that 1) # 7 4 to give vp the money wbich he bad obiained fom the tiffs upor the Check, whied raid fnompsow rofumed to cannot do anything avout ti t> day, for the ake, but your back need pot he concerned.”” pi furiher saith thst «aid Thompson at suob toler wedid uot in sny manner pretend that be hac parked OF diepoved of We said bills or auy of chem JON EB. WILLIAMS fPworn this STth day of August 185i, before ms, Joun ot, Commissioner of Deeds BENEY 1. JAQURS’ SROOND APFIDAVTT. Oity and nrty of Sew York, ss-—Henry L, Jaques ing eworr. rein thet Be ts the Vice Presisent of the im iifle Ip Ln on, thet bis tte view with the defend it (Thome) on (he morning of the 36th day of Auguat ty referred om oepovenv’s affidavit, mpom which the s ranted {m this action, took pinoe at N06 past 1] o'clock ju ihe morning; thterview asked said Thompsoa to oney referred to in deporeat’s aifidavis, in Toompsam’e ehegs, which Taomoson rs tas cepoment was talking with eat Taomp D, Mr Read of Vanrieok, Reat & Orexei, came in witha beck of sx? Tho mpeow, whioh be a*ked him to tske back pa give wits place tho draft for which tbe seme had morning; tuat said Thompson therenpor, to reid Read the draft anc took bao the hrrewoere: kK Deponent thon asked bim to do the aame by the ainiifis eo relorn the pills belonging $0 the platotifs hich the ceposent could, a& he nen iwformed #: mpson, ‘cen ify, avd deponent world give up ine chenk 10 the p Sstd Taormprom replied: + Pastte iffereus cue; tals (referring to tho ville of the piain- fft) tee ca vrosaction ” He miso enla that be ost heed with bis Inwyer, aed he shoul! ray again that he 101d Lot give cp tae Dtlis, Deponent pointed to a fie of hus upon & ser w che office, and said w Thompson, there ie oor money; give ito vs’ Said Toompron dit nat the money te whioh Capouent »ointed war etion, but sill refesed to give up the rhom.eoa informe nooni tha bo nad polvck tat moruiag, HENKY L JaQues. Sworn before me this 27ub day of August, 1857, Jous ‘6, Commiesioner of Deeds, KOBERT BAYLIS’ AYFIDATIT. and Coun'y of New York, t¢:—R bert Bavits, being , rwith—That be is supertutendemt of the foreign ment of the Amurloay Excusnge Bank; vhat ob Thompeon, has been In the navit, for of Tedeemiog daily tue cirovistiug banks taken by the Averivan Ex. barge Bank in ‘be course of tte Dusiness; but op the porning of Turacas, the Sih day of Angus: inewat, depo taent by 16 rusher of fai? bank to eald Thompson for ledemption oi\'s of versain country banks redeomed by im, 40 tbe sggrogete amount of $9,800; thet shortly er 1 or of that morning, tao ald clerk myron’s sheck f jae amount cf mets ouet, whi Obeck wae nyo the ; that aid Thompsou, he check im wedi ng 10 deponent ¢ moraerion, Ba later (oan fees rivals part t Yolook ane found raid Thompson there; tom be ¢ d the paid bile of raid Thowpron, auc teadered to bh peck but tha: Thom sow wholly refuses to deltve fe, a ba: bo woald do potuing that day, bat that bak jboold iowe meabiog vy 5 thas D6 Bas Bot ‘rendered fia bila cor hes G¢ ,wld said check R B\YLIS Sworn before me, Lowi F. Cansy, Commissioner of *ESJ. BUCKLEY'S AFFIDAVIT. Ber) Bockie being Culy sworn, sxich, tant he is a clerk the Motrop Ulac Bank, and has been sach for several Joare peel, ther fc more than two years past depoasa: Deed (Ur aluivat Cally of emah Do raese day in ine babii presenting Grafve ayon the defondact, Jon Thompyoa, pay Meni which drate were lav ¥ pala by tne cx of 80 Toumpecn; Unat Gepozeat was ue rer paid (be Dwpon ac) dvafieo presented; that for the iat ten wethe Heor) B Davieou, a clerk in suid back, bas oocs ovly Blerns'ed with deponert in whe praseutment of le Gu the cofendant, that @nid Grofts orerare avout jelve Ib umber each Say BENT BUCKLES Sworn befor’ me, Jouw Foor, Comau\ssioner of Deoda. Beary W avison Mork in the Metropol toa: forte past ten monthe fae beew io (> irate uonn the de dant, Chomysep, for paymest which arafts were al # pald oy tne chooks OF sald Thom sup, exo#pt tu one oO inetaorer where @ alngle drat war preseuied for s J amoon', the same wes paid in cash . BW. DAVIWON » me, Jéns Four, Sommisstoner of Deeds TORR UF TAB BANS OF TAR Bworn befor FyIDaViT OF THR ~Rovert 4. Lowry betcg ier Of the Bank of the Re. nt, toat ® ine mere D his eOo-ent with eald b aod RowproL Lucu Wid GenoReat MAAt 6 Gad wade ap hiKx pind vo im sto thet effect, that depopent atempt d ty Cpeve pon ling, © shih be aseated deportes RowERT A LOWRY Swoon #y Of Augam, 1851, before me, Jous foot, Cote au ® t of Tee Mr. Kore suymiited (hat pom these aifideyite there ts ho cacee t Mr. Toomnpwom The Judge Un whe Weak wae the chook drawa which © the pla'Duiter ertean Exotange Bint, er (bet bi wat was overdrawn £ the eaapension of pmy mont? Appear On either @ od tha) (hit acion wee pot applicable er the 2 about cae into tae at « son bas 0 rly. Thore a4 We moac non wer power to ae #90 airy bee t cam e of te whore © One OF 1s (a>KAgeR co Coonrel ne mitet vet deutify the mowry or te tbe re affidavit of pila nett wnt ® 11M ofetonk on We bis cheeas, in conarqasnre o the alarm Comoany ow of the Gio Trai pure at the time oe ey Wo mest the cect Lew) tre the plapull thereof * a> cara by the piainiiffe orn ehowing fog property when he was raed 4 ‘ba! Ube defer dant Could aot be helt a thas |b mat be ae @otion for ooavermon the @4 (he money, and thea weot jams Jit ax be depriving the pluauit reperty ? eb freadalont tavent save in takymg thore bills fr ’ i was only changing th Metropolitan Bark to these coun! to’ Mr. Tho apson’s power to re st che time this eait was com 4 cot my words Of the set of un ihe e Bow et a“ What o> thie soit mest fail | —(oee Wo ore of the aMidacite state kes of the plainulls seid that ne would {them swears that be offeret t> ifeu ooaid ideau’y vat ar v9 ths wing the peut oo moRe RiwEy? MAKE }\ A role to snoed at 3 o'olwal #0; there te 09 proof tam oom wat OFercrawh @\ aay whe iotk the day betcre (very obenare when that fact ie lel owoore the vonsideration (bat the porous | at the | ‘ raw bie & previ van Afierhoor al the Bank of the Repo tits De Jods ard chat Be d0e8 Rot answer exoe A DY Fs hg that te wee edit of overdra wing wr we rdermtaod shes there againnt Mr ~ » for overdrawms hie o fhe Looe © exer ed thas before the cae jr 008064 {ito give tie defencam time vo poi xpisnatory of the #tale of bee ao wie evening of ibe 20 arly ith the Oawk o@ whieh be <n ow the ola auils, bis ¥ bin effure between Mig ant ll o' slow wm the movoieg of the 24h Mr Boars ea bean pases he could, om the defen t Maariv « uae vat be aare © euKRe The case war “en ad ourced $0 Getarday west at 12 Yehook Pe eak OONTuT, Hef re Hoo dodge Meaty Avarer 2 Tharla A and Hemry Tbiteip we. Joan hompen 6 * for SrreNt of the cofendant, whioh jet denied by Judge Pasboty yesterday, wae wently renewed 05 an wddition wee AM@iavit of plain, ANCE COMPANY—MORE ATTACHMENTS SUPREME COURT—SPRCLAL TERM. Before Hon. judge Peabody. AVG. 27 —The Merchants! Bank va The Ohio Life Incu- rance and Trust Company —Ap aityobment was issued in Uhle cause for ihe sum of $1,048 89, alleged indebtedcear oamcheck made end signed by the defendants, by thetr cashier, on (be American Exchange Bank of New York for tho sum of 98,159 21, deted 224 August, payable to the order of A Bloodgood, and by Bloodgood duly endorsed, which cheok has beea presented atthe Amerioan Kashange Bank and payment refvaed; aleo, for two promissory notes, amounting togeshor to $789 68 tesees $1948 & On. of the Weat The President, Directors, ern Reser+e Bank vs. The Sama, for ~ 03,489 25 = 22,350 83 Onto ve The Same. 69,090 00 The Merchanw’ Bank. 1,948 ow $148,737 RE Previous @it@OhWeOnis......eeeeeereeeec eves 2,067,868 67 seeeeee $1,206,608 43 FAILURE OF A DETROIT BANKER. Dernore, August 27, 1857. Jumes L. Lye!), & private banker of twenty yoars stand. ing te this city, ol sed bie doors ibis afternoon. The sus- pens on of the Ohio Trust Company t+ the immediate cacse of bis failure, THE ONTARIO BANK, Untoa, Angaat 27, 1857. ‘The Sheriff this morning lov ed on the Ontario Baak for $12,670, under an execution of H. A Jobnion & Oo, of New York. Toe sult was broughiou certificates of ds- posit held by thom, which ine President refased to pay The bank, in its enswer, omitted an allidavit showing o meritorions defense, and atking for a stay of proosedings A atay is now baked for, and Jadge Basoa will probably grant is, RUN UPON THF ALBANY AGENCY OF THE UNSDILLA BANK. ALDANY, August 27, 1857. Seventy ove thousand dollars in notes of tbe Uaaiilia Pank wore to-day presented for redemption jo the baak egent this city by the Metropoliian Baok. The notes were promptly redeemed : Total thue far..... THE FINANCIAL EXCITEMENT IN CINCIN- Natl [From the Cineipnad Gasette August 26) The excitement ov Third street vester: wae Dots jas was apprehended. indead, it may be vely qviek A crow i was I © vioivisy of the Trust Com pany balding, but the partie weve engaged in sccoring the grat firation of au idle curiosity. [ne deposivors 10 the bank exbibited more contues* taan it was reacoaabie to expect under the circumstauces. They expressed shom- selves generally as ra isded with che aoiion of tae directors op Monday wig) in deciding to suspend pay ment watil cor- Tevily informed at to (he positon of affairs. Tale was at queniloonbly the best poiicy that coul ed, for, had the bank epenes ve meane Would beve been exnausted at an oarty hour, and ft weld beve been compelied 10 close its doors be%re neon, in which case a few would have received their money, while the many would bave been worse off than they are pow AS maters stand at vresent, al! the credi t mare on eqoal footing, and whether this’ may prove © be & good footing or a Dad ope, there can be no complains on the score of favoritiam ‘There was no run on other banking houres. On ths coa. trary, Ceporito-s refraived from checking ta many cwes, where, under ordinary circamstances, they #02!4 have mom y in the reg ourae of business. This nat cated @ degree of confidence, which under the cwreum- rtun see it is atlefactory to refer to. There appeared io ve be Coubt a the faci of the Trurt Comoany’s troubles being traceable to bad management in New York, and tha! pt for apfortorate stock operatioas ia tha’ city, the fariioven would heave mewtainea uctmpairoc ite Dereto- fore euviadle credit, This theory favored the credit of car orive’e Danking Souses, vove cf which bave New York sgevcies, or are suspected of baving Operated in Stocks, or of having asset anywhere upon vther AAD legiimate Duetoers paper. soward the close of banking bours thore wore indice- Hoos of an improved feeliug, and tt was hoped Trut Company woalt be abie to resume, Gepesttors woald in eny event be paid iufuli. Tals ex. peciation was bared chiefly opon rumors of favorable edvices from New York, while it was to bo attributed in pet to the absence of worse news than wes made pubic }emerday more! ADoot 4 o'clock, however, dark cloud setiled upon the countenances of uufortanate deporttora, The tlegrank wires coaveyod despatoh afier house. It Company's liabilities fet fever million Collars; that the sgeat of « foreign croc) or bad attached the asrets of the bank to ine a aount of twe milion dellers ) be BLOCK Was Supposed to be wo (Liew, mod thet ibe?® was bardly & p-opapii ty of the beck o@lng able to resame. Teese aa.cunce wonts disat- jaicc All [avorable hopes previously eatertaived, aod at ws Core of Dus.uewe hours, it wae generaily beteved tha Wn fm ure would prove bad Ove, aud that the worst fears abeence of & fui oF Feliable ex'ubit, and with pri os from well toformed parties in New York, be fore ur, we are forced to valieve thet ine groaud apoa lender hope, yertor say, Whioh We ventured to Dare & Fer worming, Bas een removed, remains all but 10 regard the result as disastrous (a reapeci*, tuvoiving eteckooders in total loas, and certain the proacecte of creditors. 0 Tribune * anything like oorrest (be veealt ens of the Now York office mos! amaze every be bavk or aot ave ibese extra od “Gere are (ae arewtst r@ oxelogs ip ths abaence to Coatiter. It ts esough ur curpicioms with regard to Last it is almort impo © thal trantactons of au ox mn Jucwed wiibowt ibe kuow Of & jertia! or eopnected exb! for ihe present to x ina! raion in edie the Cinrtos a Now York etx wy, sau Kd Wold appear that ignorant of toe cod. 19 the face shat We looge ey Vow of ibe bark. We y op Thurtdsy the stock sold tm Helurday one b a ¥5. In wi itioa to tole wo {the eioek Pas been purchared ia thie moraet, witaln be lt few days, DY Gircciors st par. These (act show (hat Daeegors Of the bank were, ap to ine hour the ex plorion took plac», ignoraat of ibe recklewsuess of tne New York officers. In CoMMeD IE AHEH tdiR OSCOTFENGD yerterday, we re Wa kod Wal the ditflooly ws tnceadie to Rue ~ op wing by a ¥ reculstve vas 1 be contloed t the stock market The coourrence of a revu "om at this time is f@probahle, and won If more aud beter, it it imporibie Men wun live sod move to Wall street, ana who are acqasinted with the gem! ng vomk dealers, may eaveriaia gomy AOtOM® apEE ibi® puct, but those who Deve looked of the great Wort, aad bave estimumie the valve of the immanee 4 clement Uney imagine that the scene of their cperadons \s dhe Oowire of the Commercial #) stem of Cais great ovaa- wy Toey we mistakes Tho Wee i# in a greet meacare scunnecies from the New York Alwk Exohange, and re come ceoo revere wt Urant, sever the compaction at one soo forever Bot for the manner in #h'en our people hare Deen drawn upon Py an wolatthfal agent to help t9 foot Nie lownen em stork the metropolis works got be felt or rouse est of tbe mouniataa Up t» the #aspension of the Trust PAY OOF Mey Market wee easy Ik woud be en #uili but for the locking up of a million anda quarter of We wctive capial cf the city tm railromd seooriias By (his persion our busines men have had ineir nerves somewhs: Gisiurbed, but there peed be £0 fears es to iheir abilt'y to surviee ths severe blow, Ryen if the in vent ment # Drove a total low, th tv 09% equal to Ibe clear profi reaiivad in two oF three lewting Dravrher of trade the part your No dager, therefore, ef vais oomar renee prodccing me:cial Fevuision” eed care wii be taken, We Imagine, Lo prateo (ae warrantile interes Ae against apy farther umaothorizad drafa of this sort THIRD OT REBT YRSTERDAY—THR BANE RXOTTRMONT ~~ aD or (ho 8 ree threw ore na zlerios the mucous and fons of life ant at trachoo; there wae the great Trust Company Back which nd there the people v id orewde tis oareed god cortly walls, aor ie broad ao oer ai whieh grim policemen, ae GrMlor stood ax oar jane be city knew through the morn'ng papers, ore the suo feirty toe! Ine “Geancial memmooth’ would pet open bol they wenl there st an Garty how, \ 1 wonder, mock a# the eoctent R wna he mreot was (wil by see rlongaiot from aod Fo that There re Hee oer . The quiet, Oxod, dsayy “ f men when eom- cslamiy uss befallen them, wee on in the variovs (aoe of tha, cmemey quarter, There yne. HO harry, wm ® deep exe te moat tarinee, Dut aot Oonoaales, of sno hoadte ie of rene whe mored nervonsiy of stood etoeally ta At ibe morning advance! the crowd grow in num orn Aid by nine o Cook Ik was aimmt impale to drive vehicle throvgb the street. Stili, oo haste, no ory, 90 flemor All the eddies, waver and whirlpools ware to rial bie to (be ordivary eye; bat the clues dserver geuel) the €00 the measured ‘erexm What @ metley Crowd was (hero! Merchants and aiinie ters, editors ed emigrants, remorors aod rage muifi as, pol bemen apt pick owkew, gam@biers aad gentiomen, oy: priane &n6 Country people, 04 eile by mie and jwiled enon o her. cor, aged woman, fearfol of loving her Abd bedingeves eraeiore wooa no one qviring af Wo the propos of Whe on5K's eronption A tardy German looking surtowy at the crowd, aod & wealthy merchant epeonetineg bow fiy ‘pret and Jom’ soovnnt wil foot np a) the emt of tne wear, ave pear exo ober thelr naly dood of symoathy (be ‘act that they are bovh creditors of the giaat “' Tram.” It we | | vad thet nothing now | seemed auzious 0 wagnetize their balances out of the ~ipeowe. ‘The other bapkers were oool and quiet ml “ay, and no one toubied then. The human waver ebbed and flowed to and fiom tbe bark, but it (id move; aud 60 the boar of noch waxed op, ape the crowd grew tir ner a»! thinner, and only groupe wero loft, and they stand th o aitte; tu! the great miss went home to dreem of what they el do and what might happeo os the mys erious TO THE PUBLIO—CITIZENS’ BANK. 4 ramor is sfloa: that we have «+o bundred thourand do'lare tp the Trast Comoany Bank. This isan error, we have less than eve hundred thowsan t, whion, though not le, we (eem perfectly eafe, Were we, however, w lore four times thet amount, no one would lose one ‘ime by wa. The buik of our assets consists of good bills ro- ceivablo, which are falling tue daity. We have like + ire over two bundred thousand dollars worth of uningumbered real osiate in this city; also s Ia ge smount of cash tn the panda of our bank<rs. Beebe & Uo , New York city. me af nO ality mm our epgacomenls. pide SMeAD COLLORD & HUGHES. N. B.—Avother romor which I bave fast heard is, tast ( beve lest $50,000 by whiskey. This rg 7-7 ae W. SMEAD. sounded, [From the Cincinnati Times, August 25.) SUBPENBION OF TUR O810 LIFB AND TRUST COM PANY—BAKK Pano. A large polloe force was etaiocod te Third atrost thie worpirg, in the utof apy disturbance; bas all was quiet, notwithstanding there was moch exctlemont and « argecroed about the bank, aud ic the square between Main and Welnut About #n e clook the Trust Company plaosd the follow- log upon chele dcors:— Ourctnsart, Angust 25, 1887 ty order to quiet urfonnded rumors ast the lia oilby of the Trvet . eparaaent of th s company. for the deviadne oy the Aarking Department, the following opinion of counsel ts maie pubile: ~ OPINION. ‘The Trost Departmen’ of bs Ohio Life Toeurance and Frnx! ary is liable fur a’lt'e obligations of dhe company, as these in the Banking Department, ay those tn’ the Frost Company The eapiial of ihe o-mpany, all paid in, is two miiJion of dot ars. VY.’ WORTHINGTON, J 0, WRiGHT, There {ts litle rearon to euppore the creditora of the Trort Company will ultimately be losers to auy ex'ent, bot he clone of the hank and the lookteg up of tis funds for any length of time osnoot be otherwise thar disastroas be bank's credit nas heretofore ttoxd very aigh, and lis srevensiou must injure that credit in f tore It is said by maay thatine bapk will resume im afew taye, in a Week Or (wo at most; Duy this devenis so eveb upon the sondition of the Now York agency, that apt'l something is known of what, t\ fe aseleas te gazard a opinion, me character and standing of the officers and directors bere {6 sufficient 10 assure the ere aitors that thety interes will be properly regarded and every efor: made to d> hem fall and impartial junticy at the éarliest opportunity. The principal directors are:—Uharles Stetson, Samuel Foedick, A.M. Taj lor, Clement Dictrich, George Luckey, George ‘Crawford, samuel 2 Koya, Charles G. Enyart, jeorge F. Steatman, 3.0 Parkhurst, Jono 0 Wrignt aad amue! S Broadwell, of this city; George 8. Coe and Chas J. Slencman, New’ York, aud’ aemusl E Foote, New taven. Tt was feared that ® ‘run’ would bo made oon the ober banks and banktue houses this morning; bat oetaing ‘ke @ ‘run’? occurred. The paymeots across the copmters wire pot heavy er then, if as heary, ae aiual Smead, Co lard & Hughes of the Citizens’ Bank, as by Deir contract they are allowed to do, require the thirty jays notice from those depositors who bere funds there on \pterest. Those who are not sllowed interest. they are aying at eight, and will continue odors M+ Smead aye ne firm bas lees than $190.000 1m tho Trust Company And feels co alarm whatever respecting it In reference to the Trust Com any, nothing positiv: sathefaciory can be given, as we have before reid, the nature and extent o! the diffcalty in New York i: known. APFAIRS IN THIRD BYRBET—8PEECH OF MR. SMBAD. (From the Cwetnaas Inquirer, august 26.] The suspension of the Trust Company Bank was the one and oniversal topic of conversation yeserday, If any other subject matter was tu:roduced, it was by common coorent voted exiraneous and out of order Monday i there Wass general flutter and stir of aoxioty along strect, groups of persons about the corners. talkiag with tptense earncetness. and men wilh ne~ yous step hur vy tpg to and fro, hoping to obtain information, all giving wken that something unurual was atiost. Taere wasa me of the Directors of the Bank iu tie Triet Com pany builting, and the pantomime of their discussions war muon enjoyed by a tarong 00 the sidewalk oppraite, Romors were abondant, and the public sentiment vari- ‘able, bot drifting into condition of Ap wrehen. ion (nat “thas bad begins, but worse remaiue beniod.” Daring banking hours yemerday Third street was full of men kindling #tin feeling. A strong force of police was about tho cornor of Maine ana Third, and the Mayor Onief of Police and many weil kno ep citizets were on duly to gosrd agaiovt a dis- turbance, Wesley Smead. Nye made s long speech vo the crowd, frow the seps of yank build'ng, gayiog many things *trongly apd pertine: and evidently producing & g00d effec, ov his audience, He told thom piaioly that ft ‘was impowible for a Daaker to pay thterost on deposits and keep ihe money to piay with, ready at the osll of ca price 0 pay out. Backers musi employ moucy to make money, 8nd Could not have their whole capital ta their vaults. The thing was abeurd. He bad the most com plete con ddence that the Trust Company, tnowg” uot able at the momept to moet with cash al! demen: bond i, Would wlimately be gord for every dollar of ite deposit: ore. The benk cogid lone t+o mitilion of dullers, and yet be able w pay tla deporitors every cout 1) held aa ae curity @ vast extert of land, veriiab ¢ jovortruottl: Inad, | WoleD Bot the houses uw) on tt but tae land ttre'f, world be | worth more \bap tbe amoust of depose, He believed the oank bad bee managed by men Of bonor, with sage oly and prudence, and covld bot entertain aa epprehen slow What anything bee tae sum of two mi Hout ta bad debie bad heen made He couridered the mouey, about $100,000, which he bad in the Trust Company Bins, as pale y of bis anenowm ere? real exiate, Mr. Smead then eroke of bis own Dankiog affairs. He bad received deporte, aud gave iberest on them, payadie at sys notice Toe mouey, on which he did not pay inte resi, be was ready t hand over to deporitors on demand, and that clase of depositors he wae paying now. If those whom he was paying teteres! oo their Cepo itt, per agrer- went, weuled their money afer the thirty days, tae ime whieh they bad comirace? to give bim, bey should Dave Hows into the philosopay and totios of ems of his exporismce, much to the dience He and his partoers woult rather die «f starvation than lire oif the profs of Urapsactions aa buying ad eelliog checks on them Bt Bs detatles the farts of his reimbur. f their losses occationed by tne maxpon jon of bin bank, during bis absenoo, in the pane of U4 The 0 orn OF bankers and mercvants, Ne remarked, was ao. Ro @iiar ne popularly presumed. fhe morohaa' aold his the packer bis money If tie mercuaat avid those who 414 not pay him, be ion fal It he barker sold bia money ane losbit, be mast fail, The mmority in which one dealt war goods of rome kind, sey Wa? nut loaved W men as 1id loan money bo bis wort pes souel enemy if be could mmke money out oF im. whieb proluced a besrty laugh. ar. Smead gave the most decided axcurances of bts ample ¢9 agetency to mret all cemande upon him, scoording to tho aysvem of thirty Gaye’ wotice whicy be had lawtiwted. fhe apecob { & pentioman eo dietingnishe wa faancier as Worley the steps of ane mammoth bank ¢f the Wet, lation, before a mctit uNprased Cxcllement—tne pals foatur ] speaker, and his sentely emphatic toues, sud th voterest wih which toa! which be raid was regards was ent an ta ncene worthy of record aol portrayal | Ip the afiernoon there was oo! co muah expression of alarm about the streets as wae virible in tac moraing, aad there reemed to be a renewal of con idence to a limited | extent, but a general depression of epirite folowed the | reseipt of derpacher from New York ry vody is to Jireetly or tr directly, and th ‘e hon treds who will be rich or poer ee the Tram Company siands or falls THE OWLO LIFE INETRANCH AND TRUST COMPANT— SosreNION [From the nett ommercial, August 2h} + Lee graph y ente: efernton, brougat a report The ihe suepenr! wv of the New York branch of ine Onto Life larurance and Trost Uompeny fhe Bees opr randly Cauring & g00% eal Of exc loment, wails iieg the roivseay of parent inetitntion were rife ip ai) directions Tt eald thet on Thoredey inet Mr Charter Metron Pre sident of the imetieation, recelred & derpaich from New York, requiring bls presence ip vhat eliy as #729 ae post ble on urgent business ofthe com mny He left oo Fx 4oa Saturday eveing or 200 a) to yester clog the snepepsion of Th te paid, bot opm whet aathority we do an ¥ rumore of heavy committed At any * done much to shake the oxnfidense of the public in he Limete gotrency of the ineiintion “nce the foregoing was writ'en we hare received th followin, b inion all thet '* poriively knowa apon subj ot THR ONO APR fF The Syvel of Pry ny i (he pd ie toe! they reward Neo deem it proper ane of the wmnpany ampie to mee! all 1 euguemeot and that early sepa will be taren to Femumne usivens By irder of the Brmre a Aminiaut + voter M4, 1867 PR —The micetion paper will be found at the bank of Movers Gromebeck & Uo, aud (be die yoo of the Trust Depanment, 8 F Tt @ neeles® to report the romors, or give volts to th sporebenrion® thet are atom Eyene will come fast rough, and wl toe very bee Clwoinnail Ie centined to ro. ¢ Wo ber buvlaee® pro ae re thoes wih enffer ere) rexpented tomate ¢ bewt tbat mod cotbing but Injory jend. their #17 preverve the perce of the cliy aad the jond order of eoenty. Ths B¥FROY IX BOSTON. (From the Bet». Ooarier, Acgu*t 97) The failure of the Ohio Life and % ‘one wane alia with a eterding crach of tor priee upon the burinees con smunity, Tt was genernily fa, posed to be ar frwmly rooted to capita! and eantion se any eim!ier ing: tusiow to the coun try muck like the Hospita: Life Inaaranc: mpany whied, we tame it, ie about ae likely to eoepend pay m ne oid Mate Houre is el! inthe eum and crate etreet ip & ropnts m Fe koe nntdin ‘hole affatre, but we will Dazard a guows that rallroads aay bed something todo wih it fo Mam notin we ere ceen throvgh our sharpest ex weed ni te —_ rpectes of property, but we dou! ether er the we parte of the country. We bave gone Into \wene enterprises with Ibe reckigns And taaguins spirit this day, at thelr first comt; but unbapplly the bardaus ant the enetes are not fairl Cisiributed ‘The feilare of the Obio Life and Trot Company will, eas, cooasion mich ditress~-break a fer Leearte many lives; it wil! potot mauy Dditier objurge paragrapns in Enropoan jonrna‘s; bat we shail get as we have over que else, and in dime tt srgotten. Toe growth of the country Is so rapid— 8 th of the tgious—tbat gucn th ngs give the tory over I, will be ite TEROUFCER BPO RO Pi wheels & momentary shock, but do not retard tha move abo car. REPORTTD BANK FAILURES. [From ihe Boston Joarnsl, August 28) We bave given in a despatch from New York @ list of reported bepk failures. It spay turt oot shat thoy are all true; but it anould be borae tn mind that Wel! street is a very exoltavie spot, avd reports of ei! winds aro set afloat vo serve the epecviative views of mdivituals or compa ‘eeposially in such @ time of excitement as aaurally ‘out of the stoppage of ihe Oblo Life and Trua! Qow- pepy. Wo, therefore, Gamion our readers to Keep cool, Aud Bot accept ag true without farther assurance al saat panic, letrcet apd it may be fraud, may seat over the wires for a ‘ow dayg to come. The banks npoken of are ail small affrirs, hardly worthy of tbe neme, end if it turne out fo be true thar ail those reported have actually fared, we presume thet ine wh is cu ount of thelr debia will not prove equal to whore of ove heavy meroa tile bom ‘The cunriant gambling in stocks which ecema to form so Jarge & portion of the ecospstion of our Now York veighbors must bo constantly tonding to explosions, by which tne weakest are sent to ithe wail; but tuey should not be allowed to affect con idence Ip general busines, or to create any panic in those who wre aut ln the way of being effected by the rise or fall of fenoy stocks, or ibe ope and downs of these who deal tn them. Ger on people seem to bave abandoned this way of trylog to mare money (Or rome time past, Aud whatever fluctwa¥ous may take olace elsewhere will hardly be foit here We believe thet New Kogiand oanke aad New ugané merchania neve: sicod drmer thaa ihey doo day. Since sho above was ir type we learn that the Suioik ank null receives the bills of the Hancock bank, (whicd le im Elis worth, Me.,) and k: Ove nothing wdout its fat ore There 1s Bo bank tn He iford, Conn , the bills of which ae 803 reocived at the Soflo'k. The Tiver.on, Farmer's. and Kode Irland Osoptral bsnke do not redeem thoir bile at (be Soffoik, but nothiag 1s kyo #n thore as vw their reported ‘aulure, The probability ts mat thoee repors ary canards ret uflost for fravculent purposes. A despateb received in this city from Now York stator ‘bat Jucod Litle, the stock bre again owtpg to the panic iv the siock m: Of prices. Sino hla previows failure the great * bear opers ior hax been Cechuny 3 asa‘ ball,” State street tr of sourse faliofromora One of thom ta thet a emtvent backing horse and @ distinguiehed m <bapt tn this city are beavy loners by the fallore of Obto Life and Trurt Company. + cr, that thelr credit will be aifooted. From the New Haven Courier, Auguat 27.] THE WONSY MAKAET. ihe oreasy feeling occasioned by the suspension of the bio Trost Company, followed by the failure of several cenkers, bas mate the money meu very cautious, and -cceleraied the downfall of the weak Bouses Fur some time we may expeci and bear cf failares, and of a gener.) trouble of rallrosd escarities The notes of the Rhode Islend, Central, Tiverton avd Farmers’ Bank of Wovw socket’ were discredited by the uncurrent money brokers on jay, and @ rumor prevailed that @ Aariford bavk had failed, in which rumor there was not provably any THE “TNA BANE. The people of Hartford evidently mantCosted a great 1o cast their money into the crater cf this voloaaic tastita- the YY ia $500.000, and no less thao ment of FR, 5s. ie fi fi! i to piant corn, and to inflate tae joa of iife. Tae flow of Kast ‘Su uDvatoral etlinus # bo ¥ eutorprise and #k\\ inst home. Providence and Wororeter nave batld up Chicago end Mirwankio, ami t> of empire to ‘he West even faster than it Patural causes. The mala motives for tale repid rise of sade an? the consequent high Wwierest. very body knows thet thore m wi an end to the conrtantly accumulating value of property that experienced no vther change than passing frome ooo men who bired a ‘ate with, mast ultimately fai; bis tavestment would be safe, ‘and that bir lone would be repaid hefore tne crash. ¢ natore! resulw of the great erpaasion (het ha 50 long prevailied to ail the departments of bas ners cannot be arrested, and porhaps for the goveral Inver ate of country they ought no: be They come as eurcly ar beadacte foliows @ debavch, and they wili as sure'y re Neve the system and restore it to tie regular operaii one New men will siep into the places of theese wno fail, aud learning litle from the exam pie before them, #lil pasa ou th toe same way, Ubrough the same ateges to the aame re ave; apd in doe time we ehali have prosperity. large Profie of legitimate husiow eT paumions and exo iont A few colonsal fortunes and ® good many wrooks will ro main 'o mark another decade ta the commercial Dietory of the country, Bot *iib every period tomething is ad jet to We genera! weal, aod, with oll the tdi idua! loss aod avffering, something {¥ eeoored for the pavll> good Tho country i# io x better condition to bear a commer clal evulsion be* then it hat been 8) aay previous ons. bh * sccamviations of sovual wealta, sod for commenoas the aco m sladoa ave # Ve improvident oxtearion of railroads, te advasoe of buriness which {* reliet opom ty support them, ruins the real value to te lends throngs the points which they conovot. in the Wort, «here they project ® railroad Dovween two “elton”? befure the trees are cut for the fivet eg hut. Exatera capital har boil the erate and Rasters men bare fled up the cities The Wart har the improvem nite to show for (ie part of the bagata; toe East baa a ii yim) of exverdingly wel) eagrared MAcHeT, Lhe exsct value Of «hich may be wrcertained at ine paver cil TAR MONEY MAkKBT, (From the Pnilate!phia Lecger, Angus 27) ‘The stook markot is #(l'riog @ severor crisis (naa wa dave know years Credit is a food Prices, exoep. those muon depressed. Tae flow tm the Haat ate oF he the eating stocks fa this war ker, ef tbe prevent Ume, com pared with quotations 00 the tet fC April inet. Ap. Aug 2%. ny 6's. of 6% tate 6) s8 oS Pean. RR -# ead ‘96 mort bd J Fimire RR. 7's, ist mort... 76M “ 24 mor', 06% Lebigd Valley RR 6 w Alleghany Coal (0 6'8 te Upter Oana! seeee Ws Sohoy iki! Navigation pref 25) aK “ 6's, 1834.. 9 Oi den Na HOB... 18 oo was _cb ones ne 90 Worries Canal preferred... 06% 02 ped copvertible.. O4ig tow Ld cas 15 108 Ww 7 ao “ 80 chy o0"4 a nwiere RR, 10% Simire KR, 49 N Penney! 10% Venveyleania RR wy 1 Will be een that, boride the local Denk stoors, ero genersily well euppertod, only foar eioke are main fined. City @'e alone have advanced. Almor al ts mprovement stocks, railrowte and canals have foollret from 3 to 214g doliare per ehare, equal ia rome inte: cee 6 ercent «Whether we have reasthed the Hovom oy prices are going tit lower it le impossible ty ta! reperted failure of ue following be tailoren at Ne n wt had tome Influence on prices bee y the m: aolive stock, of which over 5 690 shares sold, opening » decline of 135 on the clowing rales of Tueeday: sub sequently It improved to D1, ant olowed at 3% Morris preferred declined \; Harrivburg Railroad, \(; and Perpeyivania Railroad . The market cleesd neary, though there was e bet! generally among e738 tore toan at the clore om Tuesday The money market is More siringent, and oply the very deat bills can be bough, aod thore not on betier terms than s>oat 10 por cent Seo mnd cings bills, 1 4 134 per cont a morth We are glad to know that our merchants continue the good work begun ® monty eee Of ending tvs ty the interior banks the thoveane Goourrant bills forest into ciroulation here through the axe brokers, ty ths ex cluston of the better Me go0t etteot of this als in the wrayer of the It ts mot @oucipated, bow- \ 1 pose. cy ch ipfics & bea Srount pays many cel every week. The imirior mer. chant. whe brings with him bankable money to pay nis old bills, finds it to bis profit to exo! 8 it for ancurrent, which the merchant cannot fuse, andghopes to compare wih hig meighbor. Not being bankable, he sends it to the ‘bri ker, who haa it ready for the pext customer, to go the the same rounds. The lose sustained in this way is im mense, and they show wisdom in their effort to break up the waitic, by driving tt home, From the Philadelphia Prose, August 27.) The failare of the Ohio Life and Trust Company ooa- Mipnes to.elicit much Com ment and speculation. It generally understood that {# suspension was the couse qvenee Of # fatile attempt to sustain certain Wortorn rail. rosd companies. A similar endeavor, it will be recoll-at- ec, Carrica down the princely house ef Page, Bacon & Oo , ig 1866. Shortly afier this, when the Oato banks surpending in every direction, the home office of tne Obio Life and Trust Company, located at Ciccinuall, stood the book bravely, and, a6 @ naiural Consequence, afer wards yecetyed @ vast accession to its Ceposties, From inte sir- ot matance we are inclined to estimate fis Vapviiities at ihe bighest Ogure named, viz : 7 000,000, We slated a few days ago that banks could only strength es themssives by # contraction of loans, but there is a few tare nitending {bis @bich we did not all mh peourly with a copiracien of discounts fe astringent witbout exiraorsipary reason, the two couirsc voor are searly equal The cause les here: obliged must be met, and if borrowers can’t obtain money from the bavks, they will from the banks’ depositors. Neigh bor loans ‘on naighvor, frieud on friend, On August 8, 1866, the New York Lanirs reached their highest point in kcare—112 millions Mousey tightened, end thoir loans ted for ibree mouha, when they stood 103 reducuop of nine millions. The depo rites during this time declined seven millions, Oa the 9b of Avgust, 1862, the New York bauks again touched the bighert discount lina; this rime 122,000 009, working vi to is from 114,000,000 on ist May by @ gr@-na! incroase. Tot we ting no taereasé to depots to that ported, bats ccereaw, certain, reguiar, constant. From 93,000,000 tho eporite rusk w 94,000,000, Only when the July dividend swelled the depodt line for the momeat, was there auy broak in the regularity of the decline. In a Iittle over three months ike loans have in yroasod 8,000,000, while the balanoos dimnixbed 6,000,000. 13, 060,0U0 of dollars are thus unaccounted for. The specte Das remained a)! the time at nearly the same Srares, aad the na rowing | down of ceportt belacces, end while the money market is | etrealation shows Witte flucwation. All this shows that jorps Ob ca\l, and perbaps on time, have been mate to parties operating ont of New York; other vise tbo depoaia would have Increased almuliancously with the ¢xpansion, ‘The question is whether the New York banks can or can. not recal! their fauds at this bour of used. Tuo whl craw on their debiors iu every quarter, they may, perhays, bo come borrowers The prospect of retaras from the Wees ie far from satisfactory, The Ohio Life aod Trust buripess will warn the bankers thero t Susbend their resou oss, Bostoa ix believed to he ip & good and safe faavcial posi tien, and Phiiadelpbia ts certainly \uusaituaed Taere tr fo doubt thet wo oan respond to all the demands that cao be made upon us by New York, wiihout tmducing any measures on the of the banks calovieved to dim reas the bus!pess commanity. It will be well for New York if ber demands tn other quarters are ag promptly met. SUSPENSION OF BREWSTER & 00. [From the Rochester Americaa, Augast 27.) Naturally there is a good deal cf talk and some censure ip relsiiop to the assigument of this fy m. Aa we codersiand it, the assignment provides—tiret, ‘hat | the insurance companies for whioa Mr. Brewster acted as cee neon be paid—tho liabiiily amounting to spout $3. Next, the widows and orphans. and those whore claims appear to be moat pressing arc to be paid; and, iasilv, de- ostions generaliy. No other creditors are provi ed for. The ndeticaners of the fim ia ttaled a $40,090, and the narete at $56,000 The chief cause of consore te—that the amignment pro- vider—first, for tbe payment of tho (nsurance companion. The reason of thir 1s obvious, Mr Browster hee, for over twenty years in this city, done an insurance business, which, beginntog small, bax inoreared (i! it has reached lerge dimen tone, This tneurance ousincas is bis only re uiapee = The companies nce paid, they wii! continue the hurinees in bis bands, and at once be will have the moans of meeting the demande o' deporitors, and that, too, wita- ‘out making so long a “tail” ag frequewily boiongs to em. darrasemente of this nature, We nnserstaad that this is the explanation of the course adopted. THE BERALD DENOCKCED FOR DOING [TH DUTY. (From the 8t. Louie Intelligences ‘The ‘elegrapric news yesterday advised us thet the bt battle on the New York alock beards, beiween the polis” and the “bews,"’ had wrroinated in favor of the “dearz,”” who have eucoceded, tt soem driving the Miobi Nberr Raiiroed took to the , forcing tie Preet Edwin © Litenflelé, to resign, and on the protest of 1 paper. OF courro tne Michigan Son! stock is broken completely down by this resuit, and it wil! bartly Ogure again for s year or more among the Wal) street epeouiatos ‘There are circt mstancrs Connected with this result that make it truly unfortunate, aud that lead every humane, right thinking perron vo say anhertiatiogty the thore of this calamity, the New Youk itmxatp wrivers and the ‘bear’ speculators, deserve ibe penitentiary. The ‘nancial cimsters of the Michigan Soutaorn Raliroad cap produce vo sensible effct on the baxineas of tbe coun ‘The road ‘taclf will continue t be ran, to tran+port persengers and ‘raffle, jo give em, lov ment w thonsands of persons, and mubserve the great purposes of iw constroe Kop ae Weil Now as heratofore The resull of the o1 down of its credit will only be to change from one wet of capitalists (ihe stockholders) w another ret & we bordboldert) And ia many carea it will po doubt found that large ateckvollers are also bondbol’ers, and vo whattbey lose to ore capaciiy they will aake up, {me wale of tbe road, in another Bot the mieforiune ts, that anong the stockhoidera are dowbtiess many thouran! poorer pereonr—widows, or- bans 80d pgod pariiee— +Dore entire soomance has been inverted in the stook of this read, and who baye dep €4 and do depend P lely op tho dividents of thas for thir futore ‘iving To all euch ~arties tho breal down of the credit of this road t boary calamity, Cleastr ux to them aa if fire or food bad swea away their all 2nd all this ruin of famiiies and fortunes bas heew bronghs about by the unpriveipied coarse of & set of stool gamblers tp Wail etreet, New York, who proveoly cever wed, legi imately, cue thowsandth part of the atook In the road they have rained, They bave sold ite #tock, howe ver, by the iniition of doliera, to be delivered at a future dey, and then eet aboot inventing the mat strosious aud ascaily her tn regerc tothe red and ite manegems 0 finally, afer Sx moniha of jeeperate evraction they have aowumpliebod thelr work, and brought rule and dintress on shounpn is of trpbons, widows aos aged pornene, who oan bare ny hove ef recovery ‘The reac, probasly, was ingeomewhat weakenet con dition, and ite direciors way be ems tmpraient th ge beretifore. Put thas dif on justify the snvage war ft te aod in public §=Maoy « gud vast Bif the wortt he mght have deen carily bankrupted. Jone he recovered sad became strong again 80 {; migb) have deco with this road FAILURES, ASSIGNMENTS. [From tbe Indoyeodont, Avgamt a ) The follo ving are the reported failures, aseigrments, &e,, for he week: £ © Baten & Oo, Botton, Mate, anepoom abort $500,000; have been laverertd come trade bimey & Hinds, eboes, Borton, Maw , fatied; Madil) tee aboot $50,000 Hlenry E. Chamberlin, Palmer, Mare, failed and la Oslo Lite (neorance and Trot Oumoany, Vow York olty, end Ciroinnatt, Onto, eumpended; with Haduition 1 ts ult, SUSPENSIONS, of $7 000 000. Johp Thompson, broker aed bank note repories, New York city N. ¥., euspended Fisher, Deony & Oo., brokers, Now York oly, N ¥, sus pends 4. Jaco» Lite & Co , brokers, Ni Delaumay , eelin & Clarke, brokers, New York olty, N Y., onpnoded F. 8 Monroe & Oo, brokers, New York olty, N. ¥., ous er ded. : E. A Beveric\, brover, Sew York chy, N. ¥ , suspend «4 Ewin F. Post, broker, Now York otty, N.¥., eas pended Cherebrovgh & O'endort, grocers, Now York clty, N.Y. uded : said Will no%0 rerume ons k Woodruff, carisges, Now York olty, N. ¥ D @, Sew York city, N Y., failed fore Bavee, broker, New Yore city, N. ¥., fatles Yoru cty, ¥ ¥ ene and Joh _ & Van Honten, New York oity, N.Y, fatlot and George H. Nongesa, cloihing, Now York city, N. ¥., annigued Joun Warren, New York city, NY, uapended Solomon Maver, militoery, New York otty, N. ¥., av lgned, Baril tee said to be adont $2,000 Ferdiuans Erost, paper, New York city, N.¥., gus pended Mayer & Brother, tnoy goote, Now York oy, N. ¥., failed and areignea Heory Kioball, fancy goods, Now York olty, N.Y, aargned Brewater & Oo., . ¥. pend ‘Theme Elwood, Rocher er, N ¥., amined. BD Mia 7awi, Rochester, 8. ¥., tailed; closed ap by he Foward Beroy, Rochester, N. ¥., fatiod, JM. Winslow: Rochester, NY , euapended Golden, Welker & Oo , Ulloa, N. ¥., exepended. Grove & Hiamiten, Ulos, N. ¥., aetigaod J. J, Boswell, Orwego, N.Y, aasigned Hi. B. Thorp, Oswego, N. Y , sanigned. Ail Browers & Co, Rome, N. » sevigned to Danie! dey and Parker ©, Dole. Samuel W Wheeler, Saratoga Springs, N Y , amigned Iya Clore. Warrhell R Huiee, Depowmt, N. ¥., acsigned; lisbilitio backers, Roeherter, me th ned i = oh Alewander, Morristown, Nf, feat Pujiadeiohia, Pa, tailed. Pa, utgended, habiliion er Rrvidksom, Ubarleaton, # OC. Tailed & Shale Fraver, Onilliooihe, Odio, axsigued to Roos G.'W,, fallet and ui wae Mba Francisco, Oal., failed; atias Giad win, Hogg & Co, Franoiz02 auaposded; inbitiver pomee ee & yas . Carr Brothers & Co, Nowoastle, A England, iimbihitien very Ierge—to a le banking ea much as $1,000 G00, se ne BOGUS BANK BILLS—HISTORY OF COUN. TERFEITING—ITS REMEDY. TO THB RDITOS OF THE HkuaLD. The ctroulstion of ten thousand dollars in bogus Lee Bank notes in one day, in New York sione, attracied some Atlention {rom the bogus baby affair; and {t way be that @ fow hints, by one well Posted, will receive attonuas, Particularly when we nswort that some of the work wae originally done by men ‘now engaged ip bank note sugray- ing establishments tn this city, No reflection 1s tnteuded upom the reputation of these gentlomen, for it is an inherent fault in the symiem of ee graying which makes suoa fraude of easy amd froquea- ooourrence. The defect alluded to will be explained In the following history and origin of ‘THE FIRST COUNTERFEIT? NOTES. Tho fivet Counterfeit notes were on the Bank of im the year 178 Previous to that period she notes of tha bank hao ciycusted for mixty Ove yours without any et. tempt toimttate them, The crime was traced to Willis Vavghan, a linen draper,who wea convicted and exeoutad. Vaughan's process of magofactoring these counterfeus rerombled the aysten of bank pote engraving practiond ix this country for tee last thirty yours. It is, thoremre, worthy of especiai notioe. Wi bout any skillasen engraver Mr. Vaughan conan. ‘od the {des of cutting & bank note into as many pieces ue the detached pictures, and lettering ugom ft would perms, gad jhen employing dill: rent engravers to copy each picew on m xeparate pine, This plan be carried in'o effect, and thus he obtetnad the work of tne bert engravers without suspicion, whisk be then combined to form bis roun‘erfeits, THE AMBRICAN SYSTEM OF BNGRAVING, ‘The resembiance between Vanghan’s plan of conntae- felting and our Amertraw system of engraving origiwa ngien conriets tn thi, viz:—Taat our bank note engraving comranies eroyloy diferent engravers to execute a varity of pictures on ceparats plates, and that these seperace plates, consisting of vignestos, titles, denominations, &3., combined to form onr notes BuBiondeds said © 5 je by the invevtion of engraving ou steel, bard ening dies, ané of transferring engravings frum oue steal pls € to another. It may feirly be said that our vot mn Of oe graving Dank note platca, {a itt mont esential featares, it it doer nol owe its origio to, at least bears « atrtkiug re rewbinnee to that of the frat couuterfalter, who war bumy for tts invention. THM SYSTEM CONDEMNED BY THE RANK OF ENGLAND. At the tme the American invention of engraving = steel occurred, viz, 1818, banking ta thie country wa ‘imi ed to a fow iostitvtions § The Band of Bog!and ofered the largest fleid for enterprise, as torgerice had tucresset since Vorgban’s execution uatil at adout this period, over ope hundred and thirty exeouttons occurred im one year The sreertosn artiste spplied for ihe work of ine of England und:r the most favorable circumstances: tea set forih the'r cixims tp & printed pamphict. Tae Ak which res nent inatiiuted Inquiries, regardlses of exoepa in the pubiioation of ** Congreve can System of Bank Note Engrns tng,” ta tha year 1893, demonstrating thas it was “ utterly worthless a s wen of preveniing forge’y ”” HOW IT W48 ADOPTED Lv THIN COUNTRY, Though condemned by ihe Back of Engisnd, the even went iuio persion fo wis country quielly and wind question, and has ¢mijauet in operation ever slace QUALIFIOATIONS OF RNGKAVERE. ‘The qualifications vecessary to mucce: oe tem, do not tnvo've professional knowledge of she es- graving bosiness, but simply mowey t» purchase the wore of eng and political inflaence to obiain empioy meat and prevent cowpe tt a QUALIFICATIONS OF To be rurcessful coonterfetter under this aystem, praction! skill ae an engraver is necessary is required to P engravers, (whicd ts done in the Lee Bank counterfat,> snd a litle forms. THR SYATEM OF COUNTERYETEING ‘Who bas not potiecd a simttarity in name and appearssoe Retween notes iseued in th # city and those issued ip Warm ington, Kanraa, Texas and Oavada? The same dio are early (be same combinatios to mamufssture thems - ba hes bon apes mae iS ee Coane Baok, New joreey, w e five it represents; another, like tt," (exsept the obscure letters devoting’ ite Teouice) may be the tsmne of a Bank, Wash A ae D. ©, utterly worthiess: One ts a bill of @ genuine back, the other genuine as to the engraving, beveuse done pb: engra rere with the same dirs, bot issued by ow cern and signed by totitious names as ident cashier The engravers comstimes refase to tell far svhom they cid the work, and thus sbield ine ewindiert ‘Tue very fect that tho same vignete a frequently seed very 6 ‘s onthe notes of ciforemt banks, is proof tha. one beak counter felts that portion of the ame of avother bank ALL LAWS RBOUGNIZING THIS SYWTSM HAVE ENCOURAGED COUNTHRFRITING All banks ip the New fugland States we ‘ob Igor by law io ake "Porking’ atereoty ne p tertciler@ soon mace stereotype plates of ther own 80 }) fect that the pian ae anoitehed. York makes only ome Tho genera) bruking law of N ality of notes aecuro, viz:—That they shall be re‘oemet, ut che other quailty, viz., of having even if the bank tas theypoter secure age'nat connte feturg is worse than worne than neg ect}, because the inw, from Grat to int, hes operated in favor of covnterfeiters. Lot us review the bw = We nd coptoce eoscrmenw 1 Insure the erent nese of banks, bot tiere ts cely one seutsace concern: the gope penese of the rotes. (1) must be evident oak ‘that (bere two qusiives must be equally combined tp 6 heat note to give ttany vaion.) That sentence ta elanpey “The Soperintentent t# hereby authorized and requt-ed tyeante io be eograved cod printed tm the best manner © guard REAION COunterieldag such quanittics of cirow Aaiiug BOKER,” & Now, wey ont dairh the #hole law at once by dispoving f tho otbor quality er fol ows :— And the Seperiviendent \s bereby authorized to or e all Dawkn.”? A The two qualities are of equal im jortance to the poble. In faot We Se Cheaten more by comnterfell notes haa wr broken dark notes Why eecure the tinoh pin in 006 ode of the arie cf the banking law Cart, wad leave it oot nits gether ip the oth +? An the Inve entire contrat for mil note engry>- Ying tn the Ma tthe doperimenceat, aot oat «filer bas been & lawyer Here is the weak pout in the law and the opem doo ie favort inte and corraption Tt would be © jnally absrard to appoint a Saperiptend =a who had never seen Saoty um, to cause ail vearcls © be piloted fete toe harbor of New York inthe bea mas. nor to guard aguinst acct ienua “hs Hack soperinten tent, by raaton of his incom vie engravers, and thoy natarauy and advise the 4uperinienicms nad to adopt that syeeum of raving Shih #Aibe ihe castest sod mort remunere live to themrelvon, reyardions of the faot that !t mont sun he the eanest and bess for congierfetmere; for auc te ine role tha governs tho mater The fret Sapertniendent was induced to gire the om tract to three eng aring | m+ and to, ator a styls of Be Mat covld hardly eo Dien more fevorade to owen terfettere if they tat heen Invited to select our sult their own porpoers The piao wae abandoned ser the eogravers and conpterfeiters had secured fortower. The inte Superintendent, Mr Soboommaker, sesing ine vast amouni of alwered rotes, held @ convaltation wisn hie employee (berdly one of whom are profsemonal verk) with a view to adopt some plan to hisve wuggentot had ther objet lacreared exp ne #uE, or ‘the ba: ke sed prot to toomeetvon os be made an ofurt himseif, like s recow? Xorxoe laahi ey, terbiged to consal on band {roe on the middle of the left en°; on all top of the Irft band corner; of all fires on ‘the right end; on all ten’s oo the lower right And on ail twon'y's and upward at least an inch and ® from either end." Now, there are militone of ones, twos, threse and tn Chrediation, baying the seal pacet preciaely where orders it to be placet on all |, bundreds and ion. sande AD ingenions roqve Can eaaily alter Chore poser iwto Digber Conominations by means of & pooknife Pen, and prowe by this ‘Yost if they are not what er Oorqm nt, at lem they o ght vo be #0, Even if pew places were oagra red to Conform to the Inv, It wruld nv protest ie oe lore. 1, Beonuse oora. pottion of thas vignette win ease, ard 2 The reopie who we montiy chested oF bad ole never read Mr Seboonmaker’s banking laws and wi nis be more tkely t) com> aber hia in connection wie tmin defaication of $45, 00, or thereavonts, OME OF THE TATE FEL OF THR FACILITATE OO" g ‘The New ¥: Ranking (9 eaye:— The euperintendemt shall rete! tn 4 801 upder bis Control ali dice, place and mater | AC Now, af it if Impoesth lo fer bim to take jn of the property of li bank Lote ongraring eval in she coontry, a the law very pla'niy requires, be simpty adoma one die, Ovli8c the Mave seal, and this be gives whom be plonses, ax ® sign chat be may be employed Dy pepks to engowre thelr piavem Thir Siale eal t¢ cred on all notes of ali denominations Now, shen @ coontereiter yreparce his first countertett pine. (he Shoe of 1 most be any 4, seal and ab; bet when he prepares his second and eabeoquent plates, tae coal pert te miready dove = Thom tt is evident that the ame f tha: rom on al! notes alte the countertelter The only aber effea of aac wre Cama need fo the Supe ittendent, voila ag monopolist compant-e, and to gappror: all Improvement that inerferee Fite the patoh@: how well It has heen done ” o — er; “‘erom the (ietroft Demoorat +4 some of the backs recentls Heber Ginna and Wiseo win onder ae eee bankiog law, oy mea, and dovigne, yO wer lciee oF ont extenianel beak the ate of New We bave reo pile jaconela, You at Watertown Wi . mM fond ik of that name that }t would ceine iA ine Some of Indians are to be found bank note remem! i” ‘ ye a SS oun @ teee, following the Mate ot Now York, vis.:—iank