The New York Herald Newspaper, October 10, 1857, Page 1

THE NEW-YORK HERALD. WHOLE NO. 17709. THE FINANCIAL PRESSURE. State of Things Throughout the Ceuntry. Meetings of Merchants in Philadelphia and 8t. Louis. EFFECT OF THE REVULSION IN THE METROPOLIS, @Gondition of the Laboriug Classes and the Price of Flour. SUSPENSIONS AND FAILURES. ‘THE RUN ON THE PARK AND BOWERY BANKS, do. &. de. ‘SHE PENNSYLVANIA LEGISLATURE. PABGAGR OF THE BUNATH BILL—A RBLIRF BILL BEF POREED IN THE HOUSE. Hugmasvac, Pa., Oct. 8, 1867, SENATE—BVENING SESSION. ‘The Benate passed to a second reading the first bill veperted by the Select Committee, with theteoond and third sections of Mr. Brown’s bill as the 6th section. The later limits bank dividends to six per cent until the acm- ‘maulation of the reserved fund is not less than 20 per cent Of the capital stock; after that ihe dividends not to exceed ine per cent, andall excess go to the’ State, and the re. werved fund to be invested in Joans as security for the re- @emption of notes. SENATE. Hannispvra, Oot. 9, 1967, ‘The Benate met at 9 o’clock. ‘My. Wwocst presented a resotution providing for the prtating of 3,000 copies of the annual report of the Auditor Geveral’s Statement of the condition of the banks on the first discount day of November next, for the use of Sena- tere at the next session. Adopted. ‘The Speaker presented a communication from the Phila- delphia Board of Trade for tho enactment of a law giving velief to the banks and tho people. Memre. Browne, Ingram and Wright presented petitions frem the merchants, mancfactcrers ard mechanics of Philadelphia praying for relief. ‘Hall No. 1, concerning the banks, was taken up on third reading. Mr. Srxave moved £0 go into Committee of the Whole, Ser the purpose of striking out the entire bill and inter! sees three sections submited by him as a substi- The first rection provides for a suspension of specie Hil lst of February, 1858,and requires the pa for a stay of execution for one year. The third forty seventh section of the act of April 16, ard ret go at lengih by Taggart; Wel ‘ilxins, Fine; am, Wright and others. Linea ad te was amended by substituting the first bill parsed on second reading Inst right, bit time for resumption to the second Monday tho bill passed last night, requiring the do to be paid in specie, was also adopted as it i i 4 pill Hy gis I is A a H ile | i 3 E 2 H ‘ F f i ! | 1H it i i i anil 5 i Hi bg mapton . ited the a of the moot leat oveang. ‘es renintens were ‘Twonwn presented the resolutions d by the ‘of merchants and manufactorers of Philadephia, z im Independence square yesterday aftor- wore read. il reported by ‘he Special Committee of Thirtsen to be printed Mil 8 o'clock P.M. efell i rtd i FINANCIAL AFFAIRS IN BOSTON. RB BOSTON LIGHT INFANTRY ON THE FINANCIAL CRISI&. rather «stressing effect (n State street to day. Some movement in stocks, aia vory low gure. Money te mere freely discounted by the banks, but not in sul eat amount to reduce the current street rates. ‘The following failures are reported: —Lyman A. Goorge BOs, straw and ribbon dealers; Millon Gale, dealer in off and leather; Nash, French & Oo., abode. Abs full mocting of tho Boston Light Infantry last might, the following resolution was adopted — That in view of the prosent financial crisis, and bast. bile generally, it te ‘Jent and proper our proposed notion ta’ New Terk tls D COUNTRY BANKS. Provinance, Oct. 9, 1867. ‘The following was the condition of the country banks Of this ate Oct. 6:.— 95,016,151 80 THE WHEELING (VA.) BANK. Bavrimonn, Oot. 7, 1867. Rumors have been aficat all day hurtfal to the credit of the Manufacturers’ and Farmers’ Bank of Wheeling, but they cannot be traced to any reliable source, and well in- formed partice discredit them. Thisaftermnon the bro here were buying the notes atten tojfifteen,per cont dis fount. We have heard no reports agninst the credit of ‘aay of ibe other Wheeling banks. one mea A despatch jart received from Wheeling mays that the Feported bank failures there are without fowndation. EXCITBMENT IN CINCINNATI. Orvcummant, Oot. 9, 1867, ‘The news from New York to-day produced quite an ex Gitement on ‘Change, and business at the close was toa (Great extent nogiected. Nothing hes transpired in financial a‘fnire worthy of mote. Exchange is at five per cent premiam, and the ‘Fupply not equal to the demand. MOVEMENTS OF BREADSTUFFS. Aunany, Oot. 0=6 P.M. Flour—Rxosedingly doll; nothing doing beyon: the olty demand. Wheat—Nothing doing. Corn—A alight movo- ment; sales at the railroad, in lott, cover 6,000 bushels ‘Western mixed at 67)<c., thirty days. Barley—Saloe 6,000 buahels prime Canada at 900.; 4,600 bushele prime Sate, four rowed, at S80, and 1,000 bushels ordinary Canada at 800 Whiskey—Sales 21 bbig, this morning at 23Ke, and later in theday 100 bbls. prime at 22}c. Shipped to New York last evening—11,000 bushels corn, 2,000 bushel feed. Burvato, Oot Sel P. Ml. Four is unchanged. Sales today 1,200 barrels at $4 50 ® $5 for common to extra Ohio, Michigan and Indisua Wheat unsettled Sales, mostly private; 22,000 bushels at $00. for Chicago spring. Corn is lower. Sales of 12,000 boshels at 670.a57}¢c. Oats nominsiat 363, Whiskey firmer, oi 180. Freight firm. Wheat te New York 350. Imports yesterday—4,000 barrels flour, 60,000 bushes wheat, 40,600 bushels corn, and 6,000 bushels odts, Ex. Porta yesterday— 40,000 bushels wheal, 8,000 bushels orn, and 8,000 bushels oats. Burra1o, Oot. 9—6 P. Mg Flour dud and lower; sales 1,400 bbis. at $4 598 $5 for common to ordinary extra Wheat unsetiled, nocording to the wants of sellers; enles 40,000 bushels at 77¢. = 820. for Chicago spring, and 9c. for red Ilincis. Corn scarce, bus lower; sales 10,000 bushels at 7c. 067360, Oste—Few here, and firm at 360. Whiskey firmer; sales 140 bbis. at ‘180, per gallon. Freights firm; 160. a 160. for wheat to New York, Oswaco, Oct. 9—6P. M. Flour is nachanged; sales to-day, 6,000 bbis. Wheat is dull, and is held at about 860. for Chicago spring; sales to- day, 7,000 buabels. Corn is quiet. OMICAGO, Oct. 9—6 P. M. Flour, steady. Wheat, firm at 760. Corn, quiet. Onts, inactive, Shipments to Buffalo—No flour or wheat; 18,000 bushels corn. Bhipments to Oswego—No flour or wheat; 18,000 buahels corn. Recetpts to-day—2,600 bbis, flour! 100,000 bushels wheat, 4,100 bushels corn. Dwreorr, Mich., Oot. 9, 1857, Produce is fast accumulating at this port. Very little is going forward on account of the derangement of the cur- rency and the uncertainty of the Kastern markets, The of is of pg CT fiour and 10,000 bushels of "The icigan Oe Dee The Central Railroad boats between Detroit and Buffale will be laid up as fast as they arrive at this port. ‘The mosetary excitement has subsided. Our remaining ban tnatitutions are looked upon with the utmost con- ences ais TA PHILADELPHIA STOCK BOARD. Puraparreta, Oct. 9, 1857. bag erm i tar hi pen }, 81; Reading Railroad, 14%; Morris 1, 40; Long Island Railroad, 74; Penn- 4 Rallroad, 83. THE REVULSION IN THE CITY. Condition of the Manufacturing Interests— Whe Ship Yards—The Effect on the Shipping =—The Savings’ Banks—New Buildings, Ker &e., &e. In order to show the effect of the commercial! panic upon Dusiness in this city a number of our reporters were yes- terday engaged In collecting information on the subject. ‘The fellowing is the result of their labors. THE MECHANICS AND WORKINGMEN. ‘That the working classes wil! not be #0 great sufferers by the panic as has been represented, is a matier of no doubt, and it must be gratifying news. Among extensive manu. facturers the utmost regard for their employes hat been and is exercised, andevery disposition has been evinced togive them work as long as possible. Many manufac” turers bave kept large numbers of bands piling up stock, im spite of the decrease of sales, and in some cases utter stagnation of business, while others, with rogard for the whole, bave, instead of discharging any, simply reduced the time of all. The statement of every manufacturer of Importance has been to the effect that no hands would be discharged unlcss positively unavoidable, When in Connection with these facts itis chown thatthe savings Danks have large deposits in reserve, and it is remember. THE IRON WORKS AMD MACHINE SHOPS. The tron works and machine shops have thus far been apparently discharging the most hands. The proprietors of the larger establishments complain loudly of the lack of contracts, basiness being unutually dull, with bu; ‘The average wie ae thos far is only about one- St See, aceent solely to the commeroia' crisis, as the dimination has been gradval and regular for somo time, and not sudden operation. The d' 6 of two hundred hands by doubtless to bo attributed i THE NATTERS. Fortanately the jo ving trade wae pretty far advanced before the panic made ite appearance. The, fall retail trate bar, however, been rather dull. The heayy mana- factarors complain that they bave orders enough, but 2 i THE JEWRLLERS AND SILVER PLATE WORKERS. ‘At the cause of this panic is notoriously the costly, reok. lems extravagance and luxury which have been so thoughilessiy indulged, tte effect is felt very heavily im thore branches of business which are more objects of luxury than neosesity. Thus th business is suffering sadly from the crisis, Severs! large evtablishmen® losated in this ) whee ienare in Newark, N. J., employing in the ag gregate four of five hundred mon, have stopped alio- They complain that orders are scarce, and thoy LT One of the largest firms in nearly two hundred hands, = i ie cannot afford to , employ’ THR OOK TRADR AND POOKNINDERA AND PRINTING. The recent failure of Harper & Brothers hae given riso to ® report that they were about to suspend operations Altogether, No stope bave as yet been taken im th direct'on by that firm, and bat an \noonsiderabic numbe, of hands diecharged. They will, however, be obliged to curtail shortly, and before the winter {1 one half of their employ és, or about discharged. They say there can be no use in manufactur. ing books when there {s no sale, and rogret most of all the ‘bable necessity of discharging some o° their force who ¢ been in thelr employ for searly forty yours, and have obiidren at work with them. Sevoral smalior Seventy seven men are employed upon the new Orme havo discharged smell numbers of hands, Tho Tract Society hes discharged about one fourth of the hands in the binding dev and pat the remainder joty also contemplate a reduo- on bay ate ‘Tho Bible on. printers are BOs very busy, though there are not s frost many men out of work. Severs) small eatad Jahments Dave curis led their operations. The Tract nnd poe, however, stopped cight of its sixtsen prossor. a " prietors Dy cutting down the salaries of ite writers and reporters; but, aa @ general thing, the pewspazer and printing Desiness hes not suffered extensively. DBY GOODS, MANTILLAS, MILLINERY, BTO. Like the jewellers, the dry goods and mantilia mer chante and miliners have gexerally suffered some. The failure of a number of wholesale houses might be ex pected, and {t must be deplored that by them severa thonsend girls must be thrown out of employment. Bat pin and MoKenzie alone employed nearly one thousand iris, Itis usnalto di a Bumber as s00n as fhe jopbing irede ee tae panic has is hed LJ list. Nearly every os bas made a reduction of from one halt to one-third of the employés, and Cag pent trade has ‘been far less than in tous years. retail irade has, however, been thus far, though several stores Complain of the hardtimes. Mr. King, the gentlemanly manager for Mr. A. T. Stewart, says thai by jadicious ad- vert in the Hyratp they manage to get aiony very finely. has found by experiegoe that the iadies al ways read the SuNvAY GERALD, and consequently advertives on Sunday and Monday. He says, however, that he cannot ‘sccount for the that their business in fair weather is alwave better in the carly pert of the week. Perheps it Bever occurred to bim that that is the only time he adver- tises, according to his own account. The sales of carpet- ing, curtains and sennre dreaves have been some- what emailer than usu: a3 ler |. fhe number of empioyés hav not been diminished. Ja the millinery business there his been considerable decline. There has been but litilc sale for expensive bonnets. Many iadics have preferred to make their old ones answer, or make new ones them- selves; while the majority of those bzy!ng choose the jess costly styles. A large amount of atock has thus nescsra- rily been laid by. SUGAR REFINING. ‘The suger refiners have bad herd times daring the last year, The high price of sugar and the expente of rofining have left but very meagre profits; and now that the prices are falling, the hard times step in and ruin their businoss, There are altogether from fifteen hundred to two thousand Sugar refiners upon the suger refiners, yo loss to continue or lie The expense of insurance, wear and tear of machinery (which, by the way, is greater when inactive than when employes), acd ‘be heavy taxes, make the unavoidable expenses quite burdensome. Tho trade was never known to be £0 un- profitable. LITHOGRAPAERS, ARTISTS, ENGRAVER, ETO. Tho operation of # panic like the present is always very destructive to business of luxury and not of nesessity. Among the former clase engraving and the fine arte must of course be ranked, and are undoub'edly now suffering badly, Somo of our largest lithographic establishments bave lessened their number of hanc#, while two or three, it is rumored, must shortly almost entirely suspend. Several wood engravers have decreased the number of boyd bands, thoo; phys “tec tes Hes W. Orr, on9 1e an in there have been none discharged aa et. : NISCRLLANEOUR EFFECTS OF THS PANIC. At the various restaurants and botels there have been Bumerces applications for work, with board as the only remuneration, The receipts atthe restaurants have visibly decreased, and one down town esiablishment couats i est Lae iia H] been made in ! E i EFFECTS OF THE PANIC ON THE NEW BUILDINGS. ‘all of them the number of artisans and laborers employed ia vory small—just sufficient to keep the work from being ata dead lock; all the rest of the force has boon dis charged. ‘There are about sixty men employed on the large brown stone structure situated at the corner of Broad ray and Grand street, and owned by Brooks & Brothers. No men have been discharged from there since the panic, and tne company propose to keep good force to work tll the Dutlding te oc mpieted. The work for the large store that was commenced on the corner of Leonard street and Broadway, just above Appieton’s store, is Stoppei. Note mas was at ‘Work on any part of the 5 There are only fifteen mon at work on the large buildings Nos, 340 and 542, runnin: pack across the block and covor- wg the whole site of the old Tabernacle. These storos oocupy ® very advan situation, are pn Ag with beautifal marble fronta, but the work on Ley all but rtopped. Twenty fye men wore dischargod from them cn Wodnerday | ut. The marbie store erected by Solomon & Hart, at 300 Broad way, \s nearly completed. A limited nomber of mea a Upon It, and will be retained till the work is Some thirty men are employed on the now marbie store ef Wm B Astor, at 900 Broadway, and * sufficient sum- Der wil! continue to work on ibe store till It is Anished. Wood & Christy's new house on Broadway is nearly complete, and workmen w: kept coustaatly employ ed on {t unt! tt 's Gnished. TOE NEW STORRS IN CHAMEBRS STRERT. Thero are rome men employed on ine new marbie fromt store: 36 and 387 bers owned y by ©, Firman, Jr.,an4G. Firman, Jr. The batidings are pearly completed, and there will be no saspensien of work until bey are. ployed on the new tron front Abont thirty men are em: building being erected at 61 Chambers street, by the Irish rant ty, for ap «migrant industrial savings bank. The foreman thinks the tightmess of the times will not afeet the work on this ballding f. Stewart, Fey., Dave some sixty and e+ Mr. Stewart is said to be all they will not be torned off to the bard t'mer. OT Chambers street, built by N. P. Hosack, are about completed, ani are labelled “To Ten or twelve men are at work on the marble front lore being erected at 109 Chambers street, by Mr Peter. No ae gs, Woy made, and the Present pum men om; oa the work till It ie finished. trend a There aro cnly tweive men at work on the new marble front store being erected at No. 111 Chambers street. 4 mamber of men have been discharged within a few days past ‘The foundation for two stores has boon commencd at No#, 117 and 119 Chambers street, by Mr. Higgins, but the work \s now entirely suspensed. Twelve men have been discharged from the store at No, 21 Chambers pew hn bellt by Thos. F Smith, Req ‘The tron front store 120 Chambers at-eet,running through to the next biock, and owned by ® Mr, Jones, has a smal! number of workmen opgaged upon ‘8. NEW STORES IN OTHER STREETS. Dearly completed at ren street, Twelve men are at present here have bee no discharges om socount MORNING EDITION—SATURDAY, OCTOBER 10, 1857. front store being erected at No. 75 Murray street, by F. Hopkins & Brothers. There have heen no discharges re- conus the company are going ‘ight on 0 Gus the employed 5 ‘7 Onllege place, is nearly com Tangled work upon it, and will finish , ‘possible. No 00m, a8 discharges have been made on account of the faancial crisis. ‘There are two new marbie stores just compleied at ine NEW STORES IN PABK PLACE. The work on the block of new marbie bul erected in Park 1 ia progressing rather slowly. see cee junt, , -Ove being , Dut inere hag complete guspens!: ‘the money mar. ket. 4 Mr. Underhiil commenced to build the siore. Tho two stores next adjoining have but very fow men to Tan upon them, Tha; of & Cronstant bes oly eight men. ‘Oharlos Sandford isthe contractor for building seven of these now marble front structures, 26 feet frons each. Four of these (26 feet front exch) are owned by Thomas im, and three by William Watson. They are all topped out ex the fronts; about one hundred men aito- Ee, are em; d upon them. One hundred men bave mm discharged since the commencement of the panic. ‘The contractor expecta to keep adont one hundred men at work on tho oulldings lili they are completed The work on the lock of buildings being erected on the ite of the oid Brick Church has been almost sutpended, there =e Cod ut twenty men employed altogether on them. L gM Nag Bye . #0 that in a short time the work may be at a dead sland still. From one hundred totwo hundred men were employed om this block of buildings during the summer. THE SHIP YARDS. ‘The fellow'ng 1s a statement of what is being done tn the different ship-building yards of this city, to which we ap. pend a table for the purpose of preseniing at one glance not only the number of vessels on the stocks, bul also the number of men employed im each yard, and !n all the yards together. In Roosevelt & Joyce’s yard only one vessel iron the w\ocks, which is a bark of about 760 tons, and on which there are 25 ship carpenters and joiners employed. It is expeoted that this vessel will be finished in about # moath oreix weeks iis not expected that any others will be cemmenced in this yard this year. In Weatervell’s yard there aro two very woll modelled ships on the stocks; they are each 1000 lons burthen, ana similar the one to the other in overy respect. They have been on the socks since the latter end of the month of August, and it is not thought that they will be ready for lavnobing before the elose of the present year, there are one hundred men engegod on each of them. It {s believed that noth ng fartner will be undertaken in Wentervelt’s yard this year, exoept, perhaps, laying the keel of the sloop-of-war for the government. In Webb’s yard bus\ness is brik. Two vessels are on the rtocke for the Rustian government, and one for our own government, besides which there is a steamer which bas been launched lately from the yard, and which is not yet completed. Of the veescis for the Russian government we may say that one is to be a screw steamer of 1,500 tons, and the other « propeller of 1,100 tons burien. The keol only of the large one bas been iaid, and at the ‘ime there are only about twenty men She fe to boa frigate, constracted of tho materials, ‘and of coursson the ‘most approved plan, her propaller a considerable power. The smalior vorsel will bo aim: as far as coa- abe !s expected to to the jarger one in re concerned, tour and fit ul ae i : ag} ee Me stock pss Number of Number Shi Men empeor ab 2 ‘200 ‘ 188 7 % MR crcreseiarntss “ TT) THE EFFECT OF THE REVULSION ON THE SHIPPING INTEREST. One of our reporters visited the dooks in tho lower part of the city, and had conversations with » large number of the stevedcores and men usually employed in freighting and ‘unloading vessels. There are probably of this claws as many as a thousand or &fieen hundred, who look to their dilly labor for the support of themsecives and families, Of these not a hundred are at present employed, the amount of shipping business having been constantly on the de- cline for s month anti] now, when scarcely anything is being dono, Bat we will Jot them tel! their owe story, Of one man we asked: — How is {t with your work? Avewxn—It is bad—very bad There is bat one of our men working where there onght to de ten or twenty, The merobante have nearly all bursted or are bursting and there 70 no gorda to be abipped and ne ships to bo unloaded. You would think + Pan = you walk slong the docks. Within three or four bio.ts there are a} least ihree hundred men lying idle. At one point morning, fifteen horses standing where « short time since all were at work. \— How many stevedores arc there? Axewar—I don't know exactly, Isis bard to say, bet eens see one be regis tay yroRtan=D» you ever havo ‘ems loyment, or do you take your chances? : ASS few tate their chances, but the majority bave been employed by merchants. When for a job of freighting or unloading we have to walt somo- times & weer for ihe goods or the vessel to arrive. We can make, |f buciners te briet and we are in demand, nine cannot get work much more e Pi ‘at thit moment a gang of perhaps twenty steve anes out to a vessel from Havre, tying at the end of the pier, and which hada shor; time before arrived Said be, ‘ There goes s gang—it is now & rare thing to see a gang of men going to work. I havo seen the time when you could see at twelve o'clock @ dosen gangs going to work—sometimes three or four on one dock '’ Ravontae—W hat kind of freight do you attend to? Axewer—The flour basiness. There is none com'ng in now, (or when the mercbants send up Ito the country (or flour they oan’s get it without the cash, whica they have not got Ruvoat/ R= What are you going to do? auswer—I do not know what'to do. tired of wor! have hed ing 0 do today. I know one man who has not made & dollar for two weoxs. Moeting another we atked bim the same question; his answer wae—"' Marvation for some of us if somotiing don't turn sp preity soon to help us.’ Another replied that be should go to sea, while many expressed & determination to enlist. Groupe of from tive to thirty were silting, lying and standing on every block along the Fast river side, besides ‘argo ou bere ioanging about the Jong as there One of them said, ‘ I don’t mean to starve so my RE Weat, bot earning only ove doliar a week is harcly eufli stent t> food mysel!, wife and three children Moet of our men live tn the Fou ond many ¢f us now do not Are |nterested in the Centra! Railroad. Whenever there was n prospect of doing anything the canal would break. [ast summer there were butt ro breaks, while this searon they have beea conatent, Piacer that never were supposed cond have broke have given way, and the jong short of the matier is that we oon. 1 | diame on one class of people and some om ansihor. One colored stevedore, who had earned nothing durin; the present week, replied to the question, what he wae golng te do, wih the remark that the Word eald—* G4 eves a gee way,” and wo conid not tell what wonders he might perform next week. H» seemed to fee! little anxiety for the faturo, and !lusivated by bie manor as weil as words the power of fait. Along the North river the heavy ba‘iness houses are in the same stagnant condition Mea lounging “ wppeara, rather” more every appears lively on this side than along tho Kast river, on sccount of the produce broughs in deily; but that does not fornish apy ew ploy ment to 1 men. Some of Shess jet tee ides that oar reporter seas obtain ‘og men to work, and he found himeelf saddenty sur- rounded by some or thirty asking for the job. Their case \s truly a sorrowful one, THE SAVINGS BANK INSTITUTIONS. It is @ matter of great public interest to find that daring the present Snancial excitement, which ro seriously <is- turbs the monetary and commercial interests of ihe cean try, the savings banks, amid the storm that surrounds them, remain as firm as rocks. This is the best culogium that could be paid to the ability and prudence of the officers charged with their general superintendence, aad must result in !mmeasureable public benefit, Oaly think of the consequences to m!liops, if the eame reckless specu lating, stock jobbing spirit actuated tho trustees of these inativutions as bas brought destruction on so many of our merchants and financiers. Scappose the savings banks had dabbled im fancy stocks instead of legitimately invest. ing tho deposits, what a spectacle New York would Present to-cay. But tho trustees of these inatitutions very wisely kept aloof from the Scylla and Charybdis of Wall street, and purchased for the money of their depositors, not rotten railway stccks, but profitable State stocks, and loaned, not on ypothecated sbares, bat on improved real estate worth double the amount loaned. Hence their present sound condition, and the increased confidence which the public feel in their solvency. Where doposits been withdrawn, under the the influence of the monetary perturbation, which caures fo much alarm in tho public miad, it has resuited from ignorance or groundicss fear. This is preity well tlius- trated by an anecdote we heard of three Irishmen who had $1,500 in the Savings Bank of Lowell, and thinking in there troublesome times to make sure doubly sure, drew the money out and handed it over to the priest for safer keeping. The priest had no sconer reocived 1% than he placed the money in the rame bank from which it had been no lately drawn, lodging It, however, in his own name, And Abus it is with handreds in this city, who, under tempora- ry excitement, withdrew their deposits from several of our excellemly managed institutions ; they were, on a little reflection, only too glad to re-deposit their respective amounts, having lost by their unnecessary precaution their time and three months’ intorest. The savings institu- tions possess inestimable advantages, and tneir good of- fects will be proved during the crisis through which we sre passing. Oar thousands of industrious citizens who have provided for the ‘rainy day” by laying by from week to week, will now feel ther benefit, and test their great public worth. Tosahow how thoy stand, and tho confidence that may be placed in thoir soundness, as well as to utes all unnocessary alarm and useless un- easiness, we subjoin a statemont of cight of those instita tions in the city, as obtained by our reporter yesterday :— STATEMENT OF TBE EAST BIVBR SAVINGS INSTITU- .TION MADE TO THE BANK DEPARTMENT JULY 1, 1857. asses. ad on real estate in the cities of New By 811,898 00 Slate 90,200 00 Liabilities. Amount due depositors, Surplus TOM)... sseeereeeeeees oeeee eee e e 9706,363 63 THE BROADWAY SAVINGS INSTITUTIO¥. On dopoait Jan. 1, 1856 + ++ «687,889 89 Received Jan. 1 to Paid during ihe same period, 8,366 draivs Interest credited to depositors... On deposit, pri Bonds end ip the cities of York and ined at couble the amount losnoa Ptate and cit; stocks owned by iho institution Loans on Si . ‘and city bonds and stocks $1,204 739 4d 34,009 61 1 426,701 83 VINGS TO JANUARY 1, TER SAMEN'S BANE me 857. Loans secured by bond and im the cities o’ New York and 496,826 31 $7,408,720 63 Of which, im principal and interest, there ie BOW standing to ine credit of deposiiors... 7,179,054 06 THE CLERK'S SAVINGS BANK TO JANUARY 1, 1857. $445,502 92 Brooklyn, worth double the smount loaced oe 698,900 90 Neal egtate: O71 O46 18 interest earned on investments to Jlet De- 8s 80 x otarhed depesitors 31st December, TUR BOWERY SAVINGS BANK TO JaNUany 1, 1857. Asscts, Ist of January, 1967, consisting of bonas, se- cured | m on untncumbered real estate, | cilee Now York and Bookiys, worth dou 333,061 62 TOM cece eee ee a0 vere ccoeees seeee 000,699 99 7118 EMIGRANT SAVINGS BANK TO JAN. 1, 1857. The f of tho institution are invested in and consid Bonds, secured by m:rigages on eninoumbered real cetats, tn the cities of York and Brooklyn, worth doable the amount, and City and State stocks. .... $915,306 00 Loans payable on demend, secured by of State stocks, and olber stocks end 320,200 00 Rval emate, banking house, No. 61 Chambers Cash in Leather Manufacturers’ Rank To whieh add scorned Interest to Jan 1, 1887, not yet POCOVOd A... seeeeeeeee ‘Total arecte ... Amount received from from 44,998 depositors ... Amount paid from Sept. 20, 1860, to Jam. 1, 1867, 40 91,496 coy 5,860,318 81 9,466,020 13 Interest credited deposit-rs io Jan 1, 1867 .. 189,334 72 Total amount due 640i depositors ,....... $1,902,790 81 PRICE TWO CENTS. THB BaNX POR SAVINGS ON BLERCKER STREBT, TO January 1, 1857. The funds of tho instivation are inverted im and consist lst, Funded [sbt of the United Sass, of the Miate aud city of New York, and oib- 67 Biante stocks at thelr par value...,. $6,216,197 (0 24, Bonde and mortgages on aporeved ty In tho olty of New York....., 8,003,988 19 per 3d. Real catate, ® buiiding for the sonommo- detion of bank at No. 07 Biesoker ai., 183,924 £6 4th, Oseb uninvested, being the Dalaace in the Mapbatian pany and the Bank of Commerce. cone 494,868 22 6th. Interest accrued ‘1887, bat not received.. 201,014 €2 $9,008,680 68 The Hank hae been in creration 874 years, during which time !t bas opened 189 009 accounts, and received altogether from de- POO. 5. ceseerer sees cerecceeees $47, 7 el Yo whiob add interest up to January, 185!.. 6,001,984 66 $63,532,049 07 Cloned during the samo period 141,064 s0- Count#, ANG paid CUb........ cece cree eens 45,214,229 22 Leaving 47,045 accounts entijed to this Balance... ..e.0. seceeeee cone $8,817,819 85 THE DECLINE IN FLOUR. TRE PROSPEOT NOT 60 BAD FCR THE LABORING OT. ASSES. We have looked back at the prices of breadstuf and Provisions in tho fall of 1866, when money was plenty, stocks were high, iabor in demand, and everything locked oheoring and prosperocs on the snrface, and compared them with the prices of the prevent time, wBen bard Umes and the reverse of all that was propitious i the previous: oars aro spreading rutn and desolation in a)! the ramiq- cations of trade. We find that flour shows a marked de- cline since October, 1886, as Is exbibited tn the folowing Cet. 1, 1866. Oct. 1, 1887. Decitne. 86 60 91:50 $2 co 4% 2% 4 to 2% 5 60 160 5 60 20 6 0 a0 Georgetown, ko 5 6 20 Rye flour and corn are also moc’ Jower than ibey were in the fall of 1856; but the declize is not so great as ts apparent in the different qualities of wheat flour. In pork, beef and lard thore is a small advance en fermer prices, but in the article of buiter the failing off le fromtwo to fivo cents per pound. ‘So long as flour can be purchased at fve collars a bar- rel, and butter for eighteen to twenty-four cents @ pound, the necessity for the establishmen; of soup houses for ibe poor, as was the caso during the winter of 1555-60, will not again arieo. During the Geancial revalsion in 1807 flour wes double the present prices. ‘The above quotations are the wholesale prices for tlocr, and consumers should not submit to any great advance on one fgurca. Tho articlo, afer leaving the warcbouses of the wholesale merchants, who se!) »y samples from one to ten thousand barrels in a lot, paests through two hands before it reaches the consumer, aod the expenses which accrue by the transfer, and the profite which are ocunted , probably amount to from fifty to seventy Sve sents por barrel. Bakers generally are quick to reduce the size of weir loaves when flour assumes a rise, but when ike reverse takes place, and the article falls, {t seems difficult for them to make any perceptible change. This fact should be noted by the public, and those bekers only patronized who are in the habit of making tre size of their loaves correspond ‘with the price of flour. Sugar ts considerably lower than it wasa few mosihs back, but, compared with prices last year, there is no ma- terial change. Take ali the articles which are used in ocr da'ly food and sustenarce together, however, and ibero will appear a large falling off on the aggregate price of iart falland winter,ana the present prospect is thai the de- cline will be mach greater as the reason advances. Although large factories may find it necessary to sus- pend operations for a few weeks, and less extensive em- ployers may be forced to put their workmen om sbord time, we are of opinion that the laboring claves have pro- fitted by the teachings of past experience, and have pre- FAMILY MARKETING. ‘The bard times scems to have bed no effect upes ibe prices of family marketing as y ot; rates are etii! Bigh, por there muck prospect of @ reduction fur some time to come. When the times are good and the currency be. comes inflated, up goes the price of bread, meat, Ssh, vogotables, fruit, and, indeed, everything the poor con- same, while wages asd saleries though moc’ reiaciveiy Jons, remain at stand stil! point; but when the currescy contraota, and when the values of the great staples of ine country become adjusted to it, and work falls of, tho pri. ces of al! products sold at retail remain the same fer seme me. Thas the quotsions of the market given below wii July, though there is = vast difference in tbe means of ihe community to buy and the actual yaloe of the article as compared with change of price brought about by the contracted currency. Take ine price of bread as an instance. Within tho iast three months floor bas fallen from 30 to 60 per cent in value, yet t bas meade BO appreciable difference in the size of ihe loaves. Ihe be bad for $4 60 t $6 per barrel, and make eect @ great a bread ie By this meane Wey will slight redaction ia forestalied, sad both the public pay high prices for meat that is sold Anan ‘Worth noticing in poultry, Wild pigeoes cheap. Feb keeps very bigh at this time of the year, Faber- men begin to prepare for the winter scasoo—ihe emacts are run ashore, mended, new are overtauled anc repaired, and ever made taut and la order for winter. Ass i : ; H : F : i 2 @Ss Sse ssas -sue pare, tom Sraen corn, I Celery > oe Cranberries, bb THE RUN ON THE PARK BANK. Owing f a rumor Which got currensy on Thorstay that the Park Bank wae thort some 8,000 jo th Bou here wees beayy ron oo iba Meer s¢ ay tattom poewer