The New York Herald Newspaper, October 14, 1857, Page 1

THE NEW YORK HERAL WHOLE NO. 7713. THE PANIC IN NEW YORK. DORPENSION OF BIGHTBEN CITY BANES. | jucriee........sararsso Cavia “oreo avhiraes ’ DAA Am. Exobange,..6,962.426 245 OL oer Tremendous Excitement in Wall Cr ‘ Street. SCENES AND INCIDENTS. TRE RUN ON THE SAVINGS AND DISCQUNT BANKS, Wopertant Kecting of Bank Presidents at the Clearing House, Virtual Suspenzion of all the Banks to ee Jelowing ity three Daaks, which were asivent up yey + rpm lated ip the annexed con- RW YORE (Ory RANKS, THE SAVINGS BANKS. TER BUM YEOTERDAY—KO GAVING IN—-A3 FIRM AS ROCKS. Our reporter yesierday visited a nomber of these ‘ust! 9 19,268 ‘ctions, and found rot only # comparative esse off on the Netional a 988,768 $80,097 Preescre of the day previous, but no evident diepoeition om in the Metropolis. Bow York Gosaly., Z1GMT $5,058 the part of depositors io susiats the muvings banke Iiv.og Appointment of a with the Governer at Albany. Position of the Thirty-three Solvent Banks. New York Merchants Getting Relief in Rhode Isiand Unteresting from the Penusylvania Le- lislature. ery | tbo prorent fuancial revuitien. And ibis fe owles 0 tne treat confidence the people fee! in ince (natitations, being watisfied taat they are not on)y thorongh'y sound, being ‘dle to pay ovt dollar for ¢>Uar iu gold to all those who pre‘er thetr crm wunke (0 the vacits of the baukw, It {a the height of folly to rup on thé ravings banks, because those whe withdraw their deposits jose atx months’ in- terest, and ron the riak of losing thetr servings by roubery end otherwite. Several inatavees have already oscurred where perions who, heoeming fooliehly frightened, went to (he benk, obtained 1) deposiw, and before they ar- rived Dome bad them sbetrected by seme wily thief! who Was watching the!r movemenu. Al) ihe myinge bavke ‘a bho city copAnued to pay cui durirg yoerday in gold i. 996 Fheo and Lesiher.2,20:),48 k UmiOB.... + eee 2,468,088 186,741 1,828,602 ‘Totals. + 90,619,822 10,016,018 4,827,272 61,221,863 A ocr readers are RO Coch} saxione to know whet tho effect of such a crisie ne we bave now come to may D6, *e Rive here all ibat ite Avate conetitcuon, adepied La Nevem- Der, 1840, sh; e adout banking inautatione:— ARPIOLE VIL CONPORATIONS—1OW CREATED. feo. 1. Corporations msy be formed under bai chal cot be created oy special avs, excep: for mu .capal F Bons their depositors demanded, acd will cont! VEE SUSPENSION OF TRE BAYES LEGALIZED, | fry ibethieva ct tne wry ecto canes bo ia ned vader a bolero s . © | ceseraiinve AL genera’ awe ond esecia. ac» pacacd par- | 2 '© withdraw thelr deposite from a profitable Scan! lo bis wecuon, may be aliered from tae « ame, of re | Beepirg. The Danks, doring ‘he tomporarr and coneoss vs ’ pea ed, ‘ary rap sre actually coining mony by ide forfeiture of THE FINANCES OF THE NATIGNAL GOVERNMENT, : PEETS OF CORPORATIONS, ibe interest ciairoa of thelr deposiiors: and (t would not pe : Sec. Z Toes om corporations shall be seouree by enck ‘n- | gurprise ug to hear them declare 10 or 1§ per cent v!vi nnnncnnd nae | siriea esl Ay, of he ccaposaicrs and ciher means a0 may anuary for much of their wise end fortanr.e MEETING OF THE BOSTON BANK PRESIDENTS. Goring the insspity of the panic let wel! ough alone. No weiter wuat icay bapoon to banks taxi foated on speculation, nething, no matter howsoever ba’, ORATIONS! DEVISED. Be 5 The term ‘‘corporaucus,’’ ss seed in sie article, fbal Ce coustrued to lucie le gli aesooialions And _olai aloo companies having any of tb were oF pi ee of is t inane Sondition of Finances ‘tn Virginia and | porns: oe not Dosseae.” oy indieideeis or paruerst ee. Wao of te ee tee "iu the ‘Eeemite tao as: Tennessee. And a) corporaiions tha. have ibe ricbhio soe ardahali © | yeqsy explained, wernicg those im the communiiy who fe eer . = were actig no Unrearorad!y in taking ovt their depoaite SHIPMENTS OF WESTERK PRODUCE, de. &e. de, THE FINANCES OF THE FEDERAL GOVERN- At severs! ci those banke ‘be epecified notice of taree a ix Gaye wae demanded, 'n order io nave the booke mate Up, and to make preperationa for (he unusual and ener. pected run thai wae eo reckiersly brought ab oct. TES BOWERY SAVING LANE. ‘The ruc om thie bank wae nO! as great yosierday as on RS FOR PANEING FURFOSRS, einlature sha!) Dave Do power to Pass Any ect graniicg acy special cEacter for Ranking purpose Dut oor. Boraitons oF associations may b¢ formed ‘or auck purposee tader renera) lawe, SPER PATWEDTS _ Sec. & The lature aba) have nc power to pees any Jaw saueuoulng im avy manner, directy cr ind.recily, ihe acspengion of apecle payments by any persoc. aseo or | the day previcns, and she peuple seemed, as well they MENT. ecrporation i bank ‘eeneric': f P A NT eres onne Dee ee a ea might be, to be entirely satisfied with the prompt action of Anpexed m giver sn important Masement, ebcwing ine Fee, 6 The Legslatare shal pi Ww for the regia. i, Who can neither receive present and prorpecitve condition of we finsuces of he United States governmes|:— Approprisiiors for the preeert tesa! year... Q85,078,08 by try, cf all biJeor motes seued oF put in excule ion as money, abs)! rea're ampiesecw ty for ke redemption of we nande in Bente, INDIVIDUAL RESPONSIBLITY OF STOCKHOLDERS. every sorporakon porposes, seiing Dank Bows or acy from, nor loan to the bank « dollar, dererve great credit for the diligence and aticniton they exhibied during tho las fow dave. were as tbelr Fast bpm nares expitining and a‘ordiog every e' Amoont of fonds on hand... eoess 6,100,000 bares of 00: 2 any ch ‘OF Rsaoetaton, for All pp I eran in one pe tng ie eck Ameunt devoted to mint operstione, <+= €,000,000 on Durrens receipis POF WOEK...... 66s ceeeeee ee 2,800,000 Tn case of the insolvency of any bank or banking se- Ne more government sock will be redeemed, except | rence in prymen!, (vor all ciber ceed ore of euch bank or perhaps some little which may te sarrendered to-morrow. sly of the Legisieiure tprovice o ARG necrp Taxed V ‘and io Five thousand doliars only were redeemed to-cay. The Beoretary o! ihe Treasury bas been ‘urced K sop receem- img Me public debi, aa the nw requires that ite amonrt Bec. 8. socieiion, ibe billholders ‘hereo shall be entitled to prefe \axndor, aaresamen:, borrowing @ ouey, le nud loaming’ thelr oredis eo ge to prevent mente ac. ip contracting Geo! ty euch mon pe Pp 7, Wil insu official notice to morrow, that heving redeemet | 4 moeting of the Associaied City Barkt wae beld lext since the roe; thie vank lias out near fb the Ucked Slates steak wich bee snthorised by aw | °700 06 of which # ikage majority Of banED wes repre- poodle hen ee “lll we redeem in advance, no fcrther soak will be purcnasod | TCS aoe or wy, Karr, seconded by My. Drunax, ine paid out on the dae were sé @e Treasury for the present. The ameusi aiready re- @eumed wil, 4 4 belevec. greatly relieve Be money merken THE BANK FAILURES YESTERDAY. MAOIVAWENT IN WALL OTAAET—CENBBAL PANIC IN YER CITY--SIGHREN CITY BANKS SUSPENDED. Buco the finarcia! crinis bas been upon vw the cliy has wot patsed through so severoan ercicment ae war wit maneed yc orday. 4s an carly hour im ihe Gay romore were rife de wevers! of ihe city Yanke bed scapended, ex¢ imme diate! 5 oe visinition of the diferoas niisutione mentioned, aed -a fect of ail tbe banks te the city, were sarreceded with emxious and warmed crowds, whose erciemen: war Boi BMaged by soeing ‘he omiscts &6 1ouncemer: ox ibe o0or of we closed banks, ‘‘Thie Denk has surpended. ’ ‘Wall sirect ‘a particular ext Died @ scene which 4 be met presented since the terrible umes of 1837. The Daaks were ‘itera! Deseiged, not alon* by tbove pirticc: wry interested, but by maliitedes of idiers end aiermists. To suck an exient did (it reach hat the aid ‘of the police had ‘m some instances t> be called ir to eve ble the clerks to transact besinese Cc tne sires: ine panic manifested fiz0!f 10 thousands of Warmed [ec welther fouw wing ;reambie and resoiuiicn were adopied — Wiiaas vance: mado her way into the mide of the crowd of femsie claimants, end looking about ber, Fiesolv TH. ¥, e BANKS OF THIS OITY EUSPEND SPECIE PAY. MENS 10 MORROW. you doitg-nere tone, ) maybe yes come to bresk tne bank, afraid ye wouldn't get yer money. , That « commites cf three De apre:mied so pro- | Now, bere to deposit $500 more of mine, apd thank. ful |am tothe yntlemes for taking care of \t fer ‘This shors and persis speech acted es a cmietas on the do you tbiwk | will get 't feeling whioh prevalied, and ec veral iadies retired, satisfied |) wees i right Busting in came a ayuere built Dated woman, pi ard Lege Toe os cg od ‘en bank account books, cach (OF $469 Resolved ceed to Albany, and request iho -overaor «© convene the Legislature, % Considers ine necers\iy of enacting some law & ‘ef in the present 6) emergency. 10 max te thelr slockboiders ana) the rerompton of specie pay- mec. Os motion, Recotvec, The) the proceodings of ime moneng be ped- Nehed im the morning . ‘i Pe EOR STON, Pray, madam, wbai will yea do wilh your pile “ Ligh ie gotug where sere s plenty more’ —and eibrwed berwey on. A poor who bed drawn $1C0 out of the bank, at the pow? Cher mar. BS. Osvisy, Beerete: instigation of a female friend The mesting wan i= scmi'cn from 656 10 16362. M. We of her’, bad cetsien by her ersaking aeqsalntanco be- urd th a (nanmow, " MOC | Eoee iw lowes, ee ee ee tcoanderings and thet. arising ont of he ‘sane panic, cawwe Loder our repester's cbsoryetion ‘There were cpwards of $14 000 of deposita made ‘ihe bank wisbin the Jart two Jaye, aud the reiurning sense of SCENES AND INCIDENTS IN WAIL STRECT. ‘The fires banks to give way yerterday were those on passing herried'y siong from bank to beak, cr gazing in | ihe went side of the city, 'c Greenwich sirest, inslcding | ‘wil bring Daex more of the rame Kind thac the Silent stupor from ihe @ nidewalke at ihe crowds . neniaaet tine benk con convenienty receive. Suoh is ihe effect of nace nding end Oumeeneiog the etaee of the banking houses | Me Coean, North River, Xo., he Grovere’ having given | ular delusions. — the exctioment reomed to conoenirate. It he Lag regen Al Leet a around | talked of at the Corp Exchange. oa slesdy over Communty—! is 20 By 1 o'chck 7. M., everybody im bummemw, and Sauer aeee haaliy <f the city dhol Rave bers ® creat many oct of business, or wilh co business, rushed » 3 sz day vefore stock up ® motice that tt would pay until 6 Oor, Pearl & Beckman sta. P. id, amd upon yesterday at § A.M. and pay agaie Ul Cnr. Chatham ard Duane. © P. M., bub etopped at21 or 12 M. Fromitosr. M. a oe (tere was a steady ron on the American Pxchange Baax, Oor. Bowery and Greed st. situated !m Wall strect, cpposite tho Merchan s’ Exchange, Cas We steps of whiok were crowded wiih epe waters. Daring avenue 1‘ out (he day previocs. As soon as ihe fact became known yewlerdey (cat some Cve or tin banks bed failed, ihe re- port spread like wildfire, and scarcely anything ele wae to Wal. street, which scom Docame deneniy crowded, ard sireams Of people could be seen envering and emergirg from ihe various banking houses. One of ihe firmof the Wail sweet banks to give ovt wae the Marine Paniz, at the corner of Wail and Water streets; the one which ibe the soene of the greatest crowe merly Presi¢ent of tie Ocak ¢) prewes ji out eps .f 100 ep. aad edéresses ine ovowd, 235. 241 Uaat too Dank weld ab el: notards oon ay Epre to Wo aes Sauer a Plena was lft in ein tnt ‘ ank. We mere, which belly vai? iv f i P fm | hours, with pikes of gor! , 0 j wee clorod, amd could not | checks. During o pt. / we run Kr, oral sesonnt oF « ‘The anxiety increased ee hour af | cashior, turred i snd sited ibe A Geek trvestmente te r+ Wsb excitement en! | paying checks, by Handing ccs tho folder bila “ Real citatr.... tee sereeecees the entire day they ove | parties eecied. As the dey ihe news epread | Cooh on devosit tt parks eecee Wo 186 68 or other banks, eos . telte Merchants’, + 100\¢00 60 wee mo. + 166,000 00 day, bet all Pr a Fhe se:tc iso comet. | Daoewe of esecte over lini liiee..........-.- T7401 62 ed wel | fein evenecscene seve cces veosesee cM UOND OL | ELEROKEA STREET BAVINOB Dawe. by thig | There wees large nomber of depositors, mortiy female, bad pe crowd which | conrregsted inside this inetitcilon yesterday afernoon, ens Se awaiing the payment of their claims, They were ail LU t eI wd and the nerorances of sconmmedate all wh reverie a new, te | Promptly paid; euch ae demanded the entire with interest ‘bioh had previously, fer or from being obliged to give ® week's notice, to enable the of- ee er core to write op the beets es Saas who wanted some Le account, * without | Sear eone ret Sete irechemcoe: teeny tence every ba we te bank bas over Sages wes enemenen caer, ane Dow anotter, the leas few daye, and has s curplus of $800,990. Tach report, of served eh fret to beep foe! OPED GAVINGS DANES, waite "cod therense tus excho west, veh an the extect of ‘The ron was partial, and hae absted since the day pre- pT yy By views. Fach was fally prepared to meet aii demande in down silent despondency ; vemneas Rours the crowds round the emailer bake gradualy die- Fre es rio ant erounteseane Wumgnenty with the that ihe morrow wee des. Dilepayabie. Boca “te "oriee tnoreseed disster. Probably the renece pt te ‘WILLIAMSDURG BAVINGS RANE. why the bank suspensions of yomerday cresiod be depoatia were no all ‘The effloere of this institution have published @ site narual evidence of slarm iy 0 oe ment of their financial condition at the olose of the inst me fell upon so email Lesiber Manufactarere’ Funk paid up to near 8 P. cual where fears are met onal; tsbout £00,600 jooked up | half year, by which || appeare that om (ve let of July their a pa ip ie ay ca a nay revourene wore Go MAb, 28, ond thote Nahar <emnoeate eond'| eighteen backs found due depsitors— }, being @ surplus of $32,236 64, bibited on Hatorvay 10,000 or 960, eS Li. oe 4 bio, hed woud The run on this bank has almost entirely ceased. Bens, teem. fowls — THE TRON MANUFACTORIES. a tirana’ 24,808 (182 BAD ‘was curious to witness the physiogonomy of business | MOPT OF THE LARGN BETASLISHMBNTS ON THE Broadway. 22028 = 120185 ‘would be boneting | YRRON OF STOFTING WORE—THOUEANDA OF MEN Ban's Ben: #5824 © 19,166 baat, of ie long THROWN ODT OF BMPLOY, WITH A PROSPECT OF Butoh. & yen ge 1.080 ita managers, MORE BEFORE TER EXD OF THE ¥ MRE. Gotham. 2 a] ca ce ‘The money panio has thus far operated digastrously ae Rese lee - na ome and NS Ree hope, &o., im this "2,006 x x Bows” | city, them having discharged already, within the hows. Nee Wen a ie Ran eelamtee past week or two, from one to two-thirds of their total Market, 468,808 © 118/128 ming an exiracr- nomber of hands, with « fair prospect of a till greater . giuy 113,008 expanding wonder, | reduction in the Course Of & week oF two longer, No work mone anort regain his Breath, | of any account m Deing contracted for by any of am Skee rediiabie tole | (he ahope, and We general cry from nearly ail quar: 140 gu the most quiet, , a “wunpend work and close ap shop.” This naw mieet ety hae already been partially done in mere than one —<— ee case, many of the shops om the east side of town, TOMA. + 090,990,008 1,609 988 9,007,109 11,678,000 whieb aoually empicy from hy to ene hundred bande, MORNING EDITION—WEDNESDAY, OCTOBER .14, 1857. Baving already discharged all but just sufficient to com- Plete such work as they may have under way. without acy Prospect of more work this winter, unless tmes greatly Alter for the better. The shopa which are sill at work make po calcvlation whatever of senstving so nae w me i waka make ovllections, but |, after mg most of the day in his efforts, without hay a bilis were sgainst some of jhe best men in the city. jog known bis success, the propriety of at once discharg- ing the rtmainder of the bands cage in the shop was imped) ately discussed and resolved upon, reservi ly fficien! number to fivish up 60) way. Tho proprietors of anoth order to eave what funds iney had on hand, and ron no farthor risk, (o close nel’ place on and afier Saturday next, unites come unlocked for change takes place before that time. Oge of our reporlors yesterday afiernoon visited some Nirty estadlishments op (re east tide of the city, and precared she following inte: statemenis from the Pirprletore or persons in charge, which, jue at this pre- acittime, vay do of iptercat aad importance to the read- ere of tho Jisneiv, partioulerly se it pioce the postion and prospcow for the fatore, of each ertablishment, be- fore ths public. Prac cia’ Mosalio Lifeboat Menufacory, Greenpoint, have the gual complement of men (16) stead!ly employed, aud expect to keep that number for at least two monihe i , or until the work already ordered and unde: way shat! bave been compinted, and longer, providing work can be found be keep them busy. This factory ie at present turning out bout atx or eight lifeboats, all sizes, per wook. MORGAN IRON WORKS, Foot of Ninth street, New York, ucaally employ in or- dinary work sbout four bondred and ffi to four han dred and seventy-five men; have reduced that number within the past tro or three weeke to about three hun dred ax seventy-five mon. Thin number fa kopt oon siently s) work for the present, althorch there Is no cer- tainty bow long (here will be work enougu fn tha estab. Yabment to keer thew sil on. An enz'se of 90 inch oylinder and 12 feet atrcko is being Coasirueted ms thin er tabliabreent for the steamer Quera City XOVULTY IRUN WORKS, Foot of Twelh sirect, Beat river, caually emplcy one thousand men, al told, but bave withim the pai two weeks discharge’ #omo two bundred, leavioy ofght bun- crea still employed inand about the works, This ienm je at present under contract to complete & quentiiy of machinery for various steam ani other vessels, on which tho menere kept busy, When these cortracie as¢ concinded, uniess others come in, of which there is but elight prospect at present, in all probability there wil! bea much lerger redaction in the number of employ¢e Provious to the reduction of the namber of men cmoloyed in the Novelty Works the amount co money paid ont per week for salaries to the employe? was about $10,000, which was put up im packeger, in sceordance with the amount due cach man, and beniod tothem on Monday ovening, as they came from their work, by which means the whole thousand were paid of ‘mp abont thirily minutes each psy day. SECOB 1808 WORKS, Foot of Eleventh street, usually empioy about seventy men; have reduced the number to thirty-four, a'though no men bave been discharged from the establishment ‘within the jast three or four weeks. Business very dul), with no prospec! of any further ordere of any acoccat. DRY DOCK iRON WORKS, In Tenth aireet, usually employ from seventy-five to one hapdred men. On Monday evening last ibey discharged some twenty men, with a fair prospect of « further reduo- son daring tho week. MULLIGAN IRON WOBKB, In same strect, usually employ from {wenty five to thirty men. On Saturday evening Inst they discharged all but four men, who are rotainod for a short time in order te finish [yd Vanden has ‘oan Kepegeny Pair rospect of closing shop entirely in a week or two longer, Ualess freah and tslooked for orders should come ix.” NEPTUKE IRON WORKS, Foot of Bighth street, usually employi+g from one bun- dred and fifty to one bandred and sixty mon, ai! told, have discharged within the past month from fifty to sixty men ‘Do not anticipate di charging any more at present, ateough poeta is remarkably dull D. D. BADCER AND CO.’8 TRON WORKS, ‘a Fommieanth sircoi, near eyenue C. Thine an arohites sara: iron esiadlishment for puting «p iron houses, Xec., and bas at present aboct three hundred and seventy five mon eroployed, although they have at times, before the pro vent crisis, fund work for between four and five hun men. The number of thono discharged within the pasttwo or three weeks lc sbout thirty Sve It ie tho intention of the pr: of thir eaieniishment, \f possibie, to kee ope nombér of men ail winter, which they are in Dopes to be able to io by slightly red their salaries, ‘a8 soon as the busy season is over, providing the hands will consent, if not, then they will be compelled to dis- charge s.! bot just seietent to comalete the work unde way, aud keep ine men who oan rarn the most meney for them, or tn the best men. At present thir work ork, whioh they say they bave thos far deen enabled to do from (be fact the moti of their work ts paid for on letion ard delivery ‘hey are now engaged |p constructing a fire oroof iron bnfiding for Mestre. Singer & Co, inventor of Sioger’s rowing machines, in Mow street, between Sprirg ant Broome streets, to be ove bundred fect square, and cot upwards of 7130,000 compicted. Two stories of this building s aiready completed. Je de PRATT'S IRON FOUNDRY, In Attorney stress, employ sbout twenty fre mon, al! wold, which are kept a+ work as usual, withoot any dim! notion im nomber as yet. The work, turned oat at the shop i Or most part light steve and hollow ware cast cag. PALAMANDER WORKS, In Usanon mreei, asual'y employ about 60 men, all of whom were discharged om the firs of Ootober. ‘B. M. PAPTRICN’# GAVE MANUFACTORY, ‘Te Cannon street, geseraily employ from Oi to sixty mes, which somber has een reduced within the iast two or three weeks to about twenty five or thirty men. hero \s but very I'tie work being done, and ihe ia that ‘will de & still forther reduction in the Dum der of om- with.o & woek or two, if, 'ndeed, the work ie not suspended. OTRARN® AND MARVINA’S PAPER WORK®, Lp Wgbth rrreet, pear avence 4, will keep their men em. Veualy employ about two benired wore diackarced on Baturdey mei, and ihe factory tempo rarlly cloeed. The mem were kept on balf time for some time before Saterday, im order ubet they migh, baveas merch bone’ e* powribie from the work thea ander way. Nilder's eafo “et ry, “itealed Rear Greenwood Cemetery, | To 1, le also reported c'osed. BOAFORD IRON WORK, Corner of Caneo 1s Manton streets, ell keep om the | aevnl complement of mem, amd will continue to do so for a | weox pA EA hacen s (#0 pger, anti the orders at present on band are compieied, when the oumber will probebiy be ro ceed, unless fieab ordoru for work should come 2THA IRON WORKS, In Goerck streot, osually ¢mploy about eighty or ninety men, Dut beve within the past two wosks discharged about thirty men, aod signified their intention lat evening fineen to ‘moulders, absrere acd paliern mauere. isthe ination of the \etors of ented te! ae 9000 as they iron worke Full complement of men from bundred, all tolt. Have about ! HI ee ii fe zi i 2 2 4 bi 3 Hi WATERMAN’S MACHINS 8n0F, Ip Qherry strect; fall compioment of men from \niriy to , which has been reduced to four men and tw) boys, the complement at present. FARROW IRON WOBKS, Sitcated im Front sircet, usually empicy from two bun- dred and to three hundred. Present complement, thirty men, all told; bave pet been doirg as much thie year as fornreriy, aud have but very litle work at presest on be! the present panic continue wi!) probably ctose up shop for a short ime before many woess. JAMES BOGARDVS’ TROW WORKS, Corner of Centre and Daas ttreote, architectural irom work, 1g some two handred mea, all told, noxe of whom been discharged as yet. COLUMBIA IRON WORKS, To Doane street, corner of Elm, alii rewln the comple- ment of men (about 180), most of whom are for the present kept om balf time, or, in other words, the liltle work in portions of the establishment is so divided up as to re exck msn therein from two fo three work each, a other portions of the establishment the far hed conatan' of provanly be discharg or so longer. WORRFLT’S TRON WORKS, Tn Elm street, near 1: ase, on “aiarday evening leat paid off 136 men—usual cumbor m 140%) 160, Discharged ‘witbin tbe past t#o weeks about 26 or 00 men, The men employed ip the saw cenarsment bave been piaced on baif {me curiog \he pest week. All the othere work fail tume for the present. J.B. & W. W. CORNELL'S THON WORKS, In Osntre strees Total nun der of mon usually em sloyed abost 226, which bas been rednoed within ibe pass two or fo about '48 mep, all told, which, from pre- ancer, will be mill further sefore the of two weeks, This firm have way tuo [roo works for the Bu Head Benk, New York ?ank and Con tinental Bank, all of which suspended payment yesterday. G. Bs JAOKBON’S IRON WORKS, Corner of Howard and Centre street, sill! rosin the usnal complement of men, (from 176 to 200,) which oim- ber there is aa yet no talk of reaucing. RACAPITIL ATION. Exad’shmenis Uual No Pret No Disc'd Francia’ lifeboat factory. 40 40 - Morgan tron works... . 316 100 Novelty tron work 400 200 Secor troo works, a“ 40 Dry Dook 80 20 Mulligan fi 26 4 20 Neptane tron worke. 160 100 60 Badger's ron works a6 196 J. 3 Prait’s tron wor! ) prs ey 3 = 200 Bed - 80 eo 60 30 Fuiten fron . 160 Mo Allaire tron wo: ke 680 - Union fron work: 12 18 Ciiptes tron wor aya = Wate; man’s mecii 6 uM Farron’s iron works. 30 270 ‘as. Bogardus’ iron works. 200 - Columbian iron works. . 180 180 - Worre!l's tron works. 195 to M6 6 0 JB. &N. W. Cornell’s tron WORKS... ee cc eeeeeeee eee 28 188 % G. R. Jackaon’s trom works. 200 200 - Totala...... Ae eeee cece eens 4,888 3,408 1,600 It will be seen by the above tavie thas the maximum number of hag ago hyp Lng oe wo aan — mn, making tow! pum! rasn emp! I = fm rovnd figures, 4,888, while he totel umber of men already from the establichmens named {a 1,609, leaving a 9 of 3,403 atiil partially employed, ‘which wil! in all probapility be redicod in tae course of ‘a woek or two longer, sbou'd the present panic continue, to the neighborhood of 3,000 workmen. THE OCEAN BANK—APPOINTMENT OF & RECEIVER SUPREME COURT—SPBOIAL TERM. Before Hon. Judge Peabody. Andrew Hali vs. the Goean Bank.—On the sppiication of plaintiff's counse! the Court appotnied D. Randolph Mariiz os recotvor of the Ocoan Bank, on his feourlty in 0,000; ail collected t> doposited » When they reach BOARD OF TEN GOVERNORS ‘The reguiar meeting of the Board of Tea Oovernore wie held yesterday—C. Godfrey Gunther, Presideni, in the chair, and @ quorum present. HYVACT OF THD HARD TIMES ON THD ALMEHOUHD, From the censes of the institutions it appears there are 6,170 persons now on the islands, being am \ucrease of 55 pelled many apply charity as The increase ibe approach of winter, ss ihere ore always thousands ef idle peovule who manege to lire some how during the summer, and in winter depend on the pub- Uc cbarity. There are 1,437 persovs tn be Aimebouse. THE Kae Time ‘Mr. Trmcax, from the Ccrm uitiees on Randall's ‘sland, re ported thas ihe committeo thorg tt |t adewable pot to build the ice bovse this fail, in conseqoeece of the bard times ‘The Board should economies ia every particular, As thie would be an exceedingly severe year al) their funds would be required for the por. ‘My. MAvonnT said the Committee on Stores, for the same reason, would sot build tne new storehouse ibis year. Re- ports cencurred ip After some three boars in frivclove debaie, ibe Board a¢ ourned until next week. THE TARGET COMPANIES Wore as active as cvor yesterday, noiwithatan‘ing the orm ard the panic. Amecng the companies that passed the Brmatn office, wore ihe fe lowing — odville Guards, Oaptain Kieffor, paraded 28 muskets 00 ob Kast Now York, prizes, mast bave cost SUSPENSION OF THE HUDSON COUNTY BANK. ‘The Hudson County Bank, of Jersey City, experienced Atoverc ran yesterday, which commenced soon afver the opening !n the morning, and compeiled them to suspend about i o'clock. This bask kepi ite New York scoount with the Shoe and Leather Bank, andthe ron was caused by the lawer refasing their checks withovt giving them notice, when at the came time, as the officers of the Ho! ton County Tank aver, the balance was in their favor. The roo wes mainly Dy pill holders and emull deposito-s and the specie vt before the enepeasion amous! to 1D $60 000 amd 660,000. The capital of thie teak ACO, snd John @riMih te the President Adocord to the quarterly tiatemen' renderod on the 6h of lo, he ctralation was one bes Against which there were stocks Jervey with the State Treasurer, as $198,(00, The bank ix quite solve: are confident of beizg able to resume business | days. ARRIVAL OF SPECIE AT ST. LOUIS. Br. Lom, Oct, 12, 1887, A number of Sania Fe merchants arrived here to-night, with apwards of $10,000 in gold, for the purpose of set- ‘Ling old accounts, and purobasing new , :ods. REPORTED FAILURE OF THE ALBION COT- TON MANUFACTORY. Barrmors, Ost, 18, 1857. Tt ia reported here to-day that the Albion Cotton Manc- facturing Oompany have failed. Liabilities not known. BUSPENSION IN NEW ORLEANS. Naw Oniaane, ot, 18, 1867. Prorkpmi rma, Oot 13, 1867. Naw Oxxaame, Oot, 19, 1867, Cotten—Balee to-day of 4,000 Dales, at a deotine of 1c. PRICE TWO CENTS. RELIEF MEASURE OF THE PENNSYLVANIA LEGISLATURE, SENATE. Bammwsrna, Oot 33, 2 ‘The Senate met at 10 o’siock thie morning. Mr. Syxacp tmtroduced a bill to authorize ihe members and officers of the Legislature to vote in Harrisburg for hate officers. Mr. Brown read the claczo tu the State constitution re- gene. ton dave resideace tm a district to eati- 8 cit'zen to This settled the question, and the bill was iaid crey. ‘Tho Senate then adjourned till 113¢ o’olocy, The Senate met as Relief bill o'cicok, and afer some delay we Hav- ri Senate then adjourned to meet arnin st 3 o'chock HOUS: OF REPRESEN YATIVBS, HARRIAGURG, Oot, 13, 1667. Mr. Hine moved to go into Committee of the Whole 0 fix the time of rex7mption im July, 1868, ‘The motion wae lot by a vote of 42 yeas to 40 nary ‘The polittoal vote on this motion stood—yeas, nix deme- rats, viz:—Mcssre Backus, Campbell, Molivain of Phiia- San, ta tnetg aie vopailinces “seat ams teecptenee rty-0x republicans. Naya, Gve repab! vin --Aeguaiine, Chase, Nichole, Parcel aia Wright; and thirty-nine demosreis. Adjourned (1! afternoon. APTERNOON BHREON, Wr. Bait offered an cntire new section tn aud extends the time of suspension jo the third January, 1869, or until th itrevive: the 18th and 19h sections of the act of 1834 ml 1559; declare 6 per cent dividends ends the same provition io id insarance compamies; whose operaiioun bave » aad to now banks, Mr Ball ssid f toia amendment, He desired 40 logis! borers, mechapion and mannfaoturers, and tho 8 eivange that the democratio members of the Legisatcre, who, par ‘<xcellence, claim to be friends of the peopie for many years back, shou!t oo vote for the (iri) ection of {bis bul, which favors the banks alone. fhe proposed six months legaiization will give the banke time to collect the'r dehts, but will not give ime to man ifacturers, me- janios snd other claascs. An extension $9 /aauars, 1669, 14 give these cisssee time. He wondered thei Mr. ler, with hie great intellect, shoaid oonfire biroself 10 mere verbal amendments. Ho called upon him to scp- port this awendment. The people look to him, end be sboald act worthy of bis position to the State The amend- ment ¢ffered simply Froporan to revtye the sections of the The bac! understead them. ation of thie Legisiatare wo give time and mevofactarers, to allow them to collect i eign lands, This cannot than the be mace the merchants oaanc) ready to pay their debts. Ho closed by wreieg ibe ferme th vote for the amendment. Mr. }vsier ateri- Dutes the cause of the presoct financial crisie by Py extravegance, DM moe far from * basis in speculation, and unreguisted. We fashioned pradence come back to ihe old aod Rostness bas been done on ag:ale Of extravagance whicR finds no parallel in our bistory. Should cur business men only come back toa propor mode of business be (Mr. F.) would be willing to eadure the years susponsion. Uniess tbie was dose the enormous. i could effect nothing. Ecoromy must be floating ¢ebts of our raitroads are already m*ese smoants of interests are taken ved to extend ibe time to ffs: Movday im September. yosr 98, paye 49. On (he yew thore were 3¢ republicane and 2 democraws; in tho nays 4) democrais aad J repub.- cape. Mir Stavevson moved to go into Committee of the Whole to extend the time ef suspension to the first Mon- by, tp pA Te oe teal neat 2 oa pasesge of we Dill, 1B was wetadomed. Yoan 24, nays 66. Mr. Foerms read ip piace & joint resolu Jon (© sdjourn finally (9 morrow at 10 o'clock A. M. Pendivg the consideration of this mover, HAmewcna, Oct 15, 1857 ‘The Lioase reconsidered yortertay's yole oo the Rebef Dill, By @ vote of 68 to 82 ‘Tre motion to entend the time of the surpensow ic ine wird aed im July next was pamed. Veas, 40; paye, The question aed final adoption of tbe bil) siocd— Yeas, 50; na . ‘Acjourned ull afternoon, to await the acuco eo! tbe sepate roercnirr. Tew 0'Ciok P. The bill, a@ passed the House, fixes the -econd Mondey in April next as the day for tho reaumption of specie pay- ments by ibe banks. ‘The Commitioes of Conferencn appointed reperied two now sections to be added to the Dili, and thus amenced passed both houses. The Relief bill wae signed by the Gevernor, ase ie Legisiasare them adjourned sine diz. MEETING OP BANK PRESIDENTS IN BOSTON, Bowrom, Oot. 18, 1867. ‘Tho bank failures in New York to day cause? considers die exetement in Mate street, bot as yet ihe sews bas bad po perceptible effect on our banks, which continue Ww discont to & reasonable extent. At & meeting of the Presidents of the Boston burn this morning, 8 commitice was appointed to taxo Mer om sideration the monetary troubles, and to teow ‘ farther increase of loans would be expedieni—ihe orm- mitsee to report |mmediately. ‘The ormmittee was sathor'red to consuls wilt and sax the cooperation of New York banks in extending the Line of discounts to solvent merchants, Mowers. Francia Mkinsor & Co, suspended todey, The ls the largest dry goods commission house in the city. ‘They were agents of the epperel!, @eies, Vansalboro, and apy other prominent manofacturing com pan es ‘The suspension of Moasrs, George T. and W. P. Lyman, the japer c panic on one of the first dry goede firms ia eel HT! au 2 i