The New York Herald Newspaper, October 15, 1857, Page 2

if : i cf a Such new members p jollars, and signi'y thetr manner as the origins! me avers. ed except by « vote of ihree- : f E Liners soon flsg bank sMoers ts appointed at who Neations for ad- on aN 5 Clear. ‘pg House Committee forthwith ta pap my general mecting of the asnociation \deration to take the matter into const« Any member of the association may withdraw therefrom a Grit tw di of all tbeurred, sod tigi is ntenton to jon vo wiihdraw to Une Clearing House Hovse, not including the mises. The expenies of the expense of printing for the several banks, whiob is appor oned equeliy, is borne and paid by the several banks b+ Honging to the association, according to their respeative capiteis, as follows:— Banks “having capitals of lew than $500,000 pay $100 ach snniially ; Denke baring caplials of less than $1,000 000 and not less than $600,000 pay $200 each anou lly; banks Baving capitals of $1,000,000 and over pay $30) each an and in the same proportion if more funds become wmeceasery. About five minutes to ten o'clock every morning, except on Sunday, the poriers of the variozs banks may be seen Burry ‘ng into the Clearip, , No. 82 Broadway, on Within @ hollow square nearly filling a oom about 2631¢0 feet, stalls are arranged for the repre- sentatives of ali the banks in the city, who are scoossible ‘over their respective counters from the pavsage way Ground the sutside of the room. Precisely at ten o'clock the manager, Mr. Lyman, in a clear, business like voice, and with a gentle tap of a wooden mallet, requests “Order, geptlemen” The previous noise aud confasion ha ring instantar eovaly aubsided he in the same peremptory tone Each bank representa ejaculates, “Tal tive immediate | the bell. the process of “making Kach porter bas brought with him in a valise, or box, or drawer, the paokeces of notes snd checks of various banks taken by bis bank on the previous day, all neatly done ard marked in separate parcels. ‘He also has a list of the ‘amount of tbese sums on the several banks, snd a your places ”? paseos each stall he shrows down the package, and the clerk or representative of the bank & receip: on the Uist. Thus all ‘be porters move completely around the ‘room, making their excbapges with all the banks in their Girouli and receiving receipts for the packages delivered. ‘Tbe whole operation occupies about seven minutes, and tous On an averegs twenty-five millions of dollars dally change ands ip less time thane woman would discuss the price of @ 0rd oftare The porters then carry off to their respec it banks, or those whose ex. commence a half Hosee and gat. is he Clearing House ae nomi- will be seen oy the constita by which the carting about of cided The Bana of America go to the Clearing ‘Though the payments Bally in specie, the: Clearing Lig pang | the soul of this busi ‘Bers. af benks pot in their sialls by 10 o'clook precisel+ fare fined $2 for the bene‘is of ihe general fand. If «clerk makes an error be is fed $1. If be doos not discover the error {n beif an hour the fine doubles, and € not in an hour the fine quadruples. ‘The immense amount of buviness transacted in a short hanges fg range f forty millions of dollars daily, and the balaroos which bave to be counted twice in the Clearing House, e jon dollars daily The following able shows the operations of the Clearing House for the foor years of ite existence: — EXORANORS FOR TAR Oxober 31, 1884, Ootober 1, 1856; October 1, 18°6 ENDING $5 760.455 987 06 5,407 912,098 88 6,013,338 88 riscal YEAR October 11, 1854 1 1858 womewhal inierrupted by the present siate of fnagciel affairs. For tbe firm time since {te organization the provess ‘of “exohangea’’ was delayed several minutes, on acocant ‘of the sosence of s nomoer of banks. Karly {n the »orn- ing 1t was feared that there would be « suspension of bus!- nese; but all but afew banks made their appearanoe, Consideradie deiny was experieroed tn the afvernoon in to the panic and the Angee amounted to ores quarters decrease, ant By the rales of the ineti- tution any bank not making ite exchanges, or moctig (ts Dalances, is ruled out of the institutios. New York Clearing Huse system bas been adopted in Bostsn, but ta Philadelphia they bave a differeat one. In Obio it is pro. fo eomblish « Siete Clearing liouse, for the Sate Bieax of Ohio ana its branches THE PANIC AT THE THEATRES. At Waliack’s and Laura Keene's theatres the reseipte Keterly have pot been sufficien! to cover the expenses “Al these bonses « large nomber of persons are employed, @od i was deomed beat by the managers to svoid as jong ms pomibic the unpiensant necessity of discharg ng them Mherefore & compromise was adopted, and only two thirds ©f the amual weekly salaries were paid for last week's @ervices. The salaries range from $100 down to 88 per ‘week, and the gum jal for esob thesire will no be far from $1,000 per week. The mansgement of both houses pledge themeeives to resume payment of full salaries av froon aa the business will warrart 1). Actors are not so Smprovident as im the ‘ paimy Gays,” and nearly all of Abem have something isid by. THE RETAIL DRY GOODS TRADE. BARGAINS IN BROADWAY—RUSH OF FRM(NINBS TO THE REDUCED PRICE @TORBE—THE TOODLES 7AM! LY OUT IN FULL FORCE—NO STANDING BOOM IN S9ME OF THR STURBS—DRSRRTRD APPRARANCE OF OTRERS. Meany of the large dealers in Brondway and ihe olber ‘Dosiness streets of the city have bad recourse to the pian Of marking thelr whole ttocks of goods at prices ranging From 20 10 60 per cent ender the ortizary retell prices. ‘Th in was the net resourre left to théve fir me having lage Mocks on ban? aod requiring money to meet tbetr notes ‘The banks bevirg pot only ali of wb: m sternly refased to Giscount the peper of mercantile firms, bul « snore of Mhose panks having sotually suepended paymomi, there (eras DO Otber Course left to the dealers who wanted to re- five than to make uch reduction of prices as to altract « Fon of bosiness. They tried (4, and it has proved eminent fy wooceesful ‘The sdvertisements of those houses which resorted to Wiis plan ootopied two columns of yesterday's edition of the Hessip The finest qualities of French Mnerinoes were qooted ats dollar per yard. linens al are votion of 40 per ont: lounced robes si 819 iratsed of ‘at $20 and $26 insiend of $90 aod $140, & reduction of 60 yer ceit The “awfal referred 1) aa the sause of “ 8 terrible enoritios foods"’—the sacrifice by their ea ¢ cost of importation. Brja * some houses at 78 cer conte, and by olbers at 40 con! pling, embroideries cartais materia's and other Of dry goods were murked at commen retce A wholesale mix aod fancy goode opened a store in Brosiway, and offered a worth of # retell, bat for on general were the eff iris to got rid price, and 40 reatize funds, aitaoogh ie yesterday, bent on shopping on » correapuaded to the inducement coonomy seemed to be unable to the is tH g? ef pacryieE iis sete ae i with | admission fee pt to tae con- 8 353,228,718 063 Se, es reson them They did mot care, as days, to pay their bills and Dave their goods semt home—mo! tne times were too ticklish for susb rieks. They paid thelr Great bargains were offsred in that establl the advertisement brought crowds to active, obliging young men, who tire of showing the beavties of ilk one! business to atlend to wired. Ail day long there of ladies breasting the tide of each otber’s hoops—one carrent consisting of thoee re ‘turning laden with the spoils, and the op vostte belug made ‘up tbe — who woes wih ape on ee came a ° rs. T. Stewart was no loss satisfied at the sale. ‘At the corner sterc a few blocks above Stewari’s the importing house of Edwasd Lambert & Co was exooning Abetr goods for retall at wholesale prioas Th same plan bad to be resorted to as in the owe of the barks on ‘which the ran was greatest A barrier or stile bad to be kept ‘At the oufer door, at which @ man was slationed to keap out those for whom there was 09 room In ide. They were admit'ed unt] there was no}even standing room in the large store. Then shove outside had to watt their turn. When a party of iacies oame out anoiher pariy way al lowed to enter. Ii wat amusing to see groups of Gnoly dressed ladies crowd\pg into the halis and doorways adjs cent, waiting for opportunities to get in If the parchases made bore ‘wotag i fair propor. ton in amount to the numer of Wenger ge bang! maul. Non dollars’ worth of goods would be sold before thirty ous of the sixty days for which the store was to be kext open had expt ed Some of the large rs and china establishments on Broadway also offe vargains at greatly reduced prices. The temptation tewards them, however, was evidently = weak as 00! with that towards the dry goods esta > leh ments. just now avold things that are likely to break. They bave had enough of tha' in convection with the banks. In vain, too, did the mourning nquees adver- tise “' terrible tacrifices.”’ Few cared to reap any advan- tage therefrom. Proprietors of clothing stores assured the — ‘that they were bound to get rid of some bundred jbousand dollars worth of goods at whatever sacrifice, and held out to the holders of country bil s the inducement of able to dispose par, bui tlemen seemed resolved to wear out their , and to wait for new till the banks resume. As to the other estabiishments that held out no induce- ments to customers, bat carried on in the usual mode, no business whalever was traceacied in them. Sslermen st00d listlessly behind tbe counters, or sat on the packing boxes, kicking their heels together and di toe crisis. The fashionable saloons were comparatively de- serted, and everything seemed t) indicate the prevalence of a universal feeling that the foundations of society were Delmg broken up. Another week or two of this ae po will aor many empty stores in Broadway and throaghoat tho DECLINE OF BUSINESS AT THE BONDED WAREHOUSE—IMPORTERS RETURNING GOODS TO EUROPE. The national treasury bas begun to fesl seriously the effects of the financial panic. The receipts from customs duties bave fallen off very considerably, and to all appear- ‘ance they will continue to dectine rapidly. There is little or bo business doing at the bonded warehouses in this city. The goods that are stored there in bond are not being wiih- drawn for consumption, from inability to dispose of them. The duties on these goods remain, of course, un- paid. In most of these bonded warehouses there are not Dow balf a dozen packages taken in in the course of the Gay. Toeonly dusizess being done is to discharge goods for exportation to other ports. To such an extent bas the present crisis affected impor tations that importers have commenced to send back foods rather than pay the duty on them or incur the risk of not being able to sell them. We heve been told of sove ral instances of this kind. Under the @roamstances, {i is the wiser and more bonorebie pian, and will tend to pre serve the oredit of our merchants. AUCTION SALE OF SUPERB STATUARY. According to announcement Messrs. H. H. Leeds & Oo., of 23 Nassau street, commenced the sale of their ex‘en- sive gallery of magnificent Italian marble stataary ai public auction, yesterday morning at 10 A.M. This is ‘he largest and finest collection of statuary that has been offered for sale at auction by this or perhaps any othor company in America. Many thought it great pity to sacrifloe to the strin- geecy of our panic struck money market the works of distinguished foreign artists, but the result of the sale mearcely justifies the fear that the lovers of the fine arts ‘would be unable to gratify their taste, or have to do it at Prices which would famish the artists. The sales amounted to $4,160. Only eight or ten pieces pul up were passed by for want of a bid. The statuary was sold about 26 per cent lower than it would have been if the panic bad not occurred; bat considering the ‘mes {t wasaremarkably fine sale There were about ‘a bundred gentlemen present, evidently well to dein the worid. They examioed ihe different of sculpture eritically and with considerable nterest. They all culo and “‘Rectiaing Venus The celebrated stature of the “Wood Nymph,” with ite y Angelo Benaime, of Kome, drew more at offering it for Comm: « wont; be shipped it to va; and it is Bow going t» be wold It ie the moet beautifel thing in the room. How much fo ie How much!” Votes tn quick euoceesion sried oa $260, $308, $250 $400, $150, $475. There was quit a rem then and the suctioncer rattled away for bids, * Five indred dollare,”’ cried a voice, an there the biddding stopped; not another dollar could b got for it, though Mr. Leeds Invished all hie rial pogere od the plone, Bo down west tae hammer, “fo J. Henderson, at $600."” A deantifel colossal bost cf Washington, by Hiram Paw. ers, bad to be passe’ by for want of a bid. » Mr Post bosabt ‘‘Diana,” (small dgcre,) by Dapres. for Wr. Landon bid in “Venus,” after “anova, for $100. jadonna,”’ & Deally executed piece after feneranni, was knocked down to J, C Henderson, Esq , for $60. The “First Loeron,”” an exquirttely wrooght piece by the celebrated young artist, Luigi Cartel, of Florence, was purchased by ir. Pond, for $1! Toe herders, by Romanelli, was sold to Mr. Phil for Dr. Lee a preuy Mite plece—A Soy Dog—for $150, * Flora,” a with flowers, by Delmedico, waa Danaher, for $95. A superd figure of Franohi, hal the size of life, was obiainod \dersonm, for $160, A Snely finishod litte presentation of # John as ® objid, bear- the cross, in prayer, was sold to Mr. Meredith, for Bartdin, boing % p Cha with « child at the brosst, and to Mr, Sevens for $200, Mr. NEW YORK AND ERIE RAILROAD MEETING OF THS STOCKHOLDARS—SHALL A LION DOLLAR LOAN TANCE OF THE KOAD TO THR COUNTRY, AN: PAST, PRESENT AND ANTICIPATED FUTUR HiS8- Torr. A meeting of the stockholders of the New York and Erie Railroad was convened iast evening in the lecture room of the Mercantile Library Association, Clinton place, for the purpose of negotiating © loan of $6,000,000 to cover some of the mortgages outstan1 ng againgt the road, and thas save |! from impending destruction. The large building, which is capable of acoommo tating from five to six bundred persons, was crowded to exces, an’ the Dveliest inierest was manifested by those presen: fas to the sucess of the projtct ‘The mocting was organized at half past soven o’o\ock, by the nomination of Chas, A. Davis, Keq, as Odairman, ani Chas. A Pook as Ssoretary. ‘Mr. Davin, ip returning thanks for the honor which had been conferred upon him, felt constrained to rays fow words on the importance ef the subject which had called them . This was the third or fourth meeting for a similar obj Dat (he resalte of the former meetings \t was neediees for him to detil. Were it in his po ver to decide whether to the egress Erie Railroad, New York, he would my, “sop Erie Raliroad run.” (Lond a) rather periloas to cal) upon the stookbolders fer anything like aeeimanoe, on account of the present panic, and those who had passed {throuyo similar scenes would doubdtiony grees panic the aitention whioa it devervyed: bat, in Je opinion the object in view to-night was of @ thousand mes more importance than all the bani ob Could go) along without, bat it would be impossibie #0 without thir importan: channel between their |)read staife in the West and their stomacha.here ( bored that in the yoar 1525 or '26, every awakened, and every demonstrat m waich tbe om of man oould devise was presented, when the waiore of Lake Erie were brougtt down to mingle wits the waiers of the ocean. Then they vere propie of 250,000. bow they mu mbered six times that, and there’ore neotod more channels than they did them It seemed to him, therefore, @ cireumsian % of sometning more thao he dare mention for the people of New York, if they had it in their power, not to keep thie road open; and if thay did mot do to, hey would certainly see much more troable and é\ttrent than they bad yet exprrienced. He knew of no other channel which could be bensitwei, sithough the Central road might be aggrandized, but he would remark. without avy invidious motive, that the ter folnes Of che Erie railroad wae here, and that of tne Gon bal in Maseachosetia, He did + thalr Buster for desiriog to bold the \erminus of that channel betwee d Janda; bot it ee ie of New York onght to have : (Load appinuse ) Jo oonclogion, be regretted \beence of the venerad.c President, who was b family efiietions eoudhegstprne yore Mr. K Levies, Chairman of the Finance Commitics, Text adoressed ihe meow ‘@t cons derad| wm. le inetr schoolboy days be ale, arena of a "offered the remaining more, and egain three, when Tarq ber earnestness, pur- chased ‘thom, and found them to oomials infor a road ‘bis yeor was six and a half millions, with a runoing expense of three and a balf millions, which would leave the net imoome three millions, th of which $910,000, leaving, after ded: . If the wix millions were nogoilated they could caucel three millions, leave their ind»biedne m eight ‘uilllions, and leave at the end of the year $190,000 net income t> appro- priate to idend on stock at perhaps six or or ten per cept. The $470,000 in the sinking fand was also earning $10,000 10 aliow on dividend on the capital stock which wasatton percent fhe directors never mistook the receipts unless they underrated them, recause such ‘was the elasticity of the road that it generally cverrun the eatimate of the most sanguine; but evea allowing that they ovor estimated in this case to the amount of $5,000, there would etiil be five per cent wi bout the uusecured Donde which were selling this day attwenty. Then why is the road contta:tly in want of money? It is because the Incresse of businers bas hitherto been so great as to icduce the directors to get advences, keeping the road in ebt to increase the business, and they had saccesded; for though he road was in peril now, still It was bu: fora small sum, apd the increase in usefulness would more than cover the floating debts, which were +11 made for its fotmre success. Would the people, then, relicq ish {t? 10 the time of a panic it beaame che daty of the directors, who were the trustees o” their property, to caution them egainss it. Some Sir Oracle might nform them be woald have nothing to do with railroads, particalarly the Erie, although \*w nothing of | # posi |, bat was feouly: ‘willing 'bat 22 miliions of their property should be sunk; pn | Coming tog: ther from ti ne t) time the stookholders would come to appreciate the value of the row. (Ap | nye ‘What was the value of any property? Nothiog, ite usefulness to the public, and when anything ceased to be usefal, mo matter what it cost, ii was loss, as the Erle Railroad woulc be, did {t not make an inter income of three millions. He would be the last man toask them to give adollar to # thing which bad no chance of maintaining iteelf—that would be a fraud waich mo one could be guilty of; but it had been shown that the incbmo b yearly and yoerly since it had reached the lakes, and thet {i had now only bed from want of faciliies. If they could make the track double tt could double the business, and when the imorovement was made at Sorsey City ite income would be much iac‘easod. L*t aay one who could controvert these statements. (Loud B position, but he wat ppealing d tt was ‘tau bis duy to ask them to give the soon fall consideration. ‘Be went on at great lengih to show that the road war a peying one, and stated that the 6,000,009 required would make the bonded debt 9,000.0) If one miilion on'y were taken up the effect would be that these who subsoribed that night would have the Qdvaptage if the road went into the hands of « receiver Of geiting their bonds in safe posiession, while the others would be entirely los: The proposal wat that each should sobeeribe to night, making bis own terms under limita tins. Noone would be called on to pay anything before the Ist of December; but each having bonds woald be called on to give a deposit of some characier, or an uuse- cured bond itee,f as the first instalment, and on the lat of December a depostt of ten per ceat of the subscription ia cash would be required, which would, however, be al. Jowed torun for six months after by paying interest. They would also get large subscriptions from Earope, bat could pot wait their arrival & Mr. Mcnray, a stockbolier, wisbei to know what would be the effect if, instead of making an additional sabesrip- Mon of umsecured bonds, they were to pay in the couposs for the next four years? Mr. Laraers—That isa good proposition, bat would not be quite spoedy enough; we cannot wait for four years, butonly a few months. ur. PAY only meant to apply to those who were not able to pay the subscription. Another stockholder considered it would be a good pro- por ition if limited to qne year’s coupons ‘Mr Mvcxrsy then spoke a\ length and with great entha- sisam upon tbe value of the road, and the high estimation in which it was held by the people, who to do all in their power to sustain it. road, 0 at great ler mae and progress n ‘won erfal success, and also ted out bow urach more guocessful It must’be tn years hence, as the population of the weste'n Mates increased. Bis remarks were spiced * ® great deal of humor, aad drew forth mach laughter and apolacee. In conctusiyn, be stated thet he ‘was #0 well setisfied with the road thal he iniended to be- come again interested in it, by making a subscription to- ir. Dexow thon proposed @ resolution prohibiting a floating debt, wh ob wate bore to apy road, and a resola tion was accordingly prepsred orobibiting the making of a floating it to exceed $250,000 at any mocting of the (Com pany, ried. A resol of the stock and bondholders be held semi ap which Mr. Lathere invited all present who felt disposed to come snd rlsce their names om the subscription books; and albough we could not ascertain the number who complied with the request, still they were very numerous, and envelopes con- telning papers fer the signatures of those who did pot sign the book were also cisiributed thoroughly, al. though they did not quite hold out; after which the meet- ing a\journec, evidently with very good opinion of the valve of the road. and with e determination to make an effort to secure the loan. THE IRON AND OTHER MANUFACTORIES RE AMONG THR MECHANICAL CITY—PRESENT AND FUTU FOR BUSINESS AMONG THK MACHINE TRON ESTABLISBMAENTS OF THIS CITY, BROOKLYN AND JERSEY CITY. ‘The general feeling among the propriotore of the large iron manofaciories of this and (he a4) ining oltiet garde the future, was, ase general thing, some wh: proved yesterday, and exh met the other wilh s emile and in tolerable good nature, somothicg thal bad not beon done to any extent before for several days. This change in their feeling was s'tributed to the genoral suspension which bad been reso!ved apon thy tht previous by all of the New York city barks, which example in most in stances was followed by the banks | olber cities, thas giving the capitaliste temporary although by oan permanent relic’, as most of tho shope are seriously dis cussing the propriety of still reducing the namober of men retained by them, although im nearly every \astance the shops baye as much work on hand, or could—did they feel dispesed—immodiately contract for as much as they could do with @ fall complement of men; bet im most oases they are obliged to decline the job im consequence of belog unable to procure the money for it with which to pay of their men afier It ‘scompleted. Within the last twoor tbree days contracts of this Kind to the amouns of several hundred thousand dollars have been refuse’ by the machine th ops, &>., of this city, to ey nothing of the many large sales of goods al- ready manufactared, which the proprietors of these estab. lishments bave refased on time, ee they say that their outstanding debts are already suffisiendy Iarge, and if they must suspend they wish to have something lef in thelr establishments to tarn over to their creditors. Our reporter yesterday continued his visita io the re. mainder of the machine shops of this city, Brooklyn, and Jersey City, visiting in all Curing ths day some (ify. five different establishments, gathering the following par Moulars from the proprietors or persona in charge of the came — a. % BUNCE AND CO., Sieam boiler and engine shop, in Washington street, op. porite pier No & North river, and corner of Imiay and peat 0 leaving "ty three at present oo ed in both pisces. Should the i state of things orobability ie thet there will bea fur. out ten men in the coarse of & week or SAMUEL SR00n's Boiler works, in Wathingion street noar Oodar, usually employ about fifty men, but have within the part two Weeks discharged about twenty, leaving thirty etlll om ployed. Unlike most of the ouier propristore, Mr. Secor Mtatos that he has not dissnerged ary of bia men In conse quence of the Limes, bat continaslly changes the num - R f bis bands according to the amoum of work on FRANKLIN TRON WORKS, Mtaaled at 909 aud 211 Franklin streot, uenally employ About eighty men, bat have reduced that number witala ths past two weeks one half. Thore employed are on fal! lime, anc will probably be kept on sesdily during the winter. The work being dono at this establishmont t+ principally engines, bollers and paiont amoke pipes. BIRKDROK, HODGES AND CO., Boller snd machine shop, ia Weat street, corner of North Mcore. Full complement of mon about two hundred ana eighty, which the last two weeks has been reduced to about one bondred and seventy, with a fair prospect of A ptill farther redocsdon of forty oF fifty men on and after Mcnéay next They bave plenty of work to be done, but reture wie wbish te pay of their alread L suffering by laying about ¥. &. THRRY, Iron works, No 287 West street, employ about thirty men, which pomber has not as yet been reduced. It it the intendon of Mr Terry to keep thie nomber on as long as bie work, which is principally jobbing, remains as presen. FLETCHER, HARRI® AND 00. ‘Machine and botler works, in Woet street, apually em: ploy Rizety to one bandred men, which number has _ the past two wookr becn reduced to about elghty- ve. FLANNIGAN AND M’LAUGHLIN, Engine works, in Desbrosses street, near West, gens- rally employ about twenty five men, which number has Deen reduced within the past two weeks to eighteen, and to be still farther reduced on Sa:urday evening next to about five or six men, all told. Tnere 11 plenty of work on hand, but tt binnene to prowure the money after the work is done with which to pay off the hands. METOALF’S BRASS FACTORY, In Deabrosses, noar West street, usually employs about eight to ten men;have reduced the number to six, who are on balf time. ISLAND CITY IRON WORKS, Bituated in West, near Leroy street, has discharged al bands azd closed up the concern within the pasi two or MR. H. HOWELL, Iron railing manufectory, in Hammond, near Weel street, generally employs fifeen to twenty men, but have reduced the number within the past two weeks to about tea, whioh they think they will be able to retain for some time to come, at leeat, ©. H. DELAMATER, Formerly Hogg & Delama'er, steam engine and boiler works, foot of West Thirteenth street, usual complement of bout two hundred and ninety; have discharged ‘Af this place, preparatory to being jew York and Savannah rouie. The p er py os to Orumwell’s line, is slap receiving a new boiler @ d machinery. ; GLOBE IRON WORKS, In Thirty third street, near Eighth avenue, usually em- ploy from twenty five to thirty men; have reduced about within wooks. the past two or three HERRING’S SAFE FACTORY, At the junction of Ninh avenue and Hudson streots, in- advertently reporied in yesterday's list as having tempo- rari |, usually employs in good times about one Rendred and sixty-five mea, whion number bas, during the past two , been reduced to about twenty-seven, ae tak, wee are Saas ae Say beng gg) wi Cr urday evening ‘wish ume the balance wore discharged. i HERRING’S FOUNDRY, In Greenwich street, generally has about thirty. five men and boys engaged—reduced within the last two weeks to about ten boys and two men, THOMAS KBNNEDY’S LOCK FACTORY, In Fifth street, usually employs twenty-five men, which ember was reduced en Tuesday evening to five. Plenty of work, but no money to pay off wits. MILLIGAN’S IRON WORKS, No, 489 Tenth street, (inoorreotly stated in yesterday's list as employing twenty-five to thirty men, and recently reducing the number to four, with a prospect ef closing extirely,) usually employ from seventy-five to one bun- dred men; bas Bad within the last three weeks from forty- five to fifty men empioyed, all bat tea of whom were dis- charged a few days since, after completing two large jobs for the West Indies, which he bad underway. Plenty of work on hand to employ one hundred men steadily, but BO money can be had to pay them off with after it is done. BROOKLYN (E. D.) FAOTORIES. JOHN GIBBS’ BRASS FOUNDRY, In First street, near South Second, usually employs about twenty-five men; bave reduced the sumber within the last two weeks to five, all toid, with a prospect fora still further reduction in the course ol a week longer. 3B. D. BRYANT, CLOCKWORKS, In First street, generally employs about forty men, which number has bem reduced within the last two ‘weeks to five men. COMBS AXD BURCHABD, Pumpmakers, in First street, full complement of men about twelve, which has been reduced to two within the Iaat two weeks. BURR AND 00., Maobinists, &c , in Firet street, near South Seventh, employ fortyseven men, all of whom are stil) retained on hilf ime, The engines stop every day at 12 o'clock, at which hour the estebitshment is closed up until the follow rg morning Plenty of work om band, bul no money can be had to pay the men off with TILTON AND MAOPARLANR, Safe manufactarers, in First street, near South Seventh, keep about thirty men—their usual number—a} work on bafume. TUTTLE AWD BAILBY, Brass and tron works, in Firs\, near South Eighth street, usually employ sbout sixty flve men, and have discharged about six within the past two weeks. The remainder are kept on half time. GUILD, HARBISON AND 00., Steam pump works, in First street, have tae fall comple. ment of men—fourteen— steadily at work, as yet, on full ime. BROOKLYN PROPER. BROOKLYN #T#aM BOILER WORKS, In Water street, generally employ about twenty mon, which number bas been redaced to elght within the past two weeks, who are engaged in finishing up work alroad: CORWIN AXD READ, Iron founders, in Waier street; fall complement of men, About twelve, which has been reduced to two, all told. COLUMDIAN IKON WORKS, In Water street, generally Koop about one hundred and twenty-five mon at work, which number has been reduced Son we toes tees uae tt te ee These are all om three quarier time the present. Plenty of work, but no money. JOHN H. LESTERS, Manufacturer of Woodworth’s planing machines, 67 Pearl streot, genorally employs about sixty men, which number he bas reduced within the past two wooks to forty, incinding six new mon which he had taken on during the prosent week. Allon full time, ATLANTIC BPEAM ENGINE WORKS, In Water street, usually ploy about one hundred men. This number has been reduced within the past two wooks lo about fifiy mea, iwenty of whom, belonging to pF mr magagh s Wynd Roldieg over with nothi senttdo, All men employed are kept on RODBBTS AND CUMMINGS, Meochine shop, have now abyut five men (fall comple- ment) constantly employed, on fell time. Pieaty of work. JOUN BENSON, Coppersmith, bas about eleven mon, all told, (asual Bamber,) all on fall time, with plenty of work. OONKLIN, INSLEE AMD CO., Machine shop, usually employ about eighty men, whish number, within the past week or two, has been reduced to forty, all told, who are mainly employed on fail time in finishing up old work. M’KENNEY AND KELLY, Irom rail manufsctory in Farman street, have the fal! complement of men (35) on as yet, finishing up old con” Wwects. Plenty of work, bui no money coming in for it. Proapect of shortly redacing the num er, unless times ge! betier. at pre ume. UNION FERRY CO. MACHINE SHOP, In Furman street, near Atlantic; employs about thirty men the year round. No diminution, ATLANTIC FOUNDRY, Ta Van Brant sires}, usualy employe about thirty men; Present number twenty five, ‘8 still farther reduction Of #ix or eight men to be made within s fow days, unioss there should be a change in affairs for the beter. M. M. WHITE'S MACHINE SHOP, In Van Brunt street, has the fall compliment of mon (16,) still om, with plemiy of work for the next two months, ATLANTIC TRON WORKS, Known aa “Ensise & Co 'sssop,”’ on Atlantic basin usualy employ from fifty to Any five hich num ver bee been reduced within the pastiwo weeks to about 7. H.R. WORTHINGTON'S STRAM PUMP FACTORY, Corner of Van Brunt and Rappelyoa streets, generally has about seventy men constantly engaged. This nam bor hat been reduced within the week or two past to ‘adout forty, all told JERIEY OLY FACTORIFS, FULTON IRON WORKS, Usually employ about one hundred and twenty men, re duced Inet Beturday night to forty, all told. Have plenty of work on band to do, but no momey to pay off the mon. NORTH POINT FOUNDKY, Generally employs about Afty men; redaoed the number down to sixicen on Monday evening Inst, Refuse to take Any pew orders, and are engayod in Aniahing up the work ‘Already on band and under way. POWRLL AND BCROMELL, Boller shop, fail complement of men about thirty-two; have reduced within the past two weeks to thirteen all ‘wid, with & prospect of a stil! further redo otion if times do not toon get better, Have about two months’ work on band. D. DORNETT AND 00, Steam planing works, generally employ about cightoon men, reduced w' fow days to twelve, all told. HUDSON RIVER ORMANT WORKS, Usually employ about one handred mon, have reduced ‘hat number within the inst two weeks to about Afiy, all told Will probably romain at this gare for some time to come. NEW YORK HERALD, THURSDAY, OCTOBER 15, 1857. T WILLIAM OUMMINGS’ CAR MANUFACTORY, Bas the usual number of men (ffy) still constantly engeged. Plenty of work as yet. JERSBY WATER PIPE COMPANY. During the summer season ihe nuwber of men od, by this company ranges from twenty to thirty, which member has 20 ¥ been reduced io six, all of yma. will badly be discharged before lo: is cus.omary before ‘winter seta 1s. seclaacaea WASHBURN, HUNT AND CO., Oar wheel factory, have the usual number of men—ten— constantly employed as yet, FAIBBANES’ SCALE FACTORY, ‘Gti! retains toe ueus! Bumber of men—fou:toou— prospeot of reoucing them as yet, CALLAN, SIMMONDS AND 00., withia the ant wo weobs to twenty.ve, wilh a sreapeet io Oo wee five, e Of @ alill further reduction next week, TINMOR ADAMS’ CAR WHEEL FOUND! . Have mee, leaving about JRESEY CITY CHEMIOAL WORKS Useally bes ged ‘about sixteen men; all discharged on Saturday night last, before which they were on half Shop olceed up. NEW YORK LOCOMOTIVE WORKS ume. Usual'y employed about three hundred and forty to three hundred and fifiy men; al and up ia September last. BECAPITULATION. Usuel New York city. seth] i & = iat 20 “4 170 no 30 - 85 pty 18 7 6 4 10 10 140 160 12 18 21 188 M aL 10 90 5 2» 5 20 6 36 2 10 aT - 30 - 60 6 pt - Brooklyn Proper. Brockly wesc Boiler Works. . 20 8 Bt Cormin & 8eod, iron foundry. i 2 10 Columbian Iron Works.... 125 50 76 John H. Lesier, planing mill works.. 60 40 20 Atiantic Steam Engine Works. 100 60 50 Jobn Benson, coppersmith. ae in - Rober & Cowmings, machinists.... 5 5 - Conklin, Insles & Co., machin'sts.... 80 40 40 WeKinney & Kelly, tron railings..... 36 35 a Union Ferry Machine Shop + BO 30 = M. M. White, machinist. . 16 - ‘Avantic Foundry, F: 26 5 H. R Wortbington. 40 20 Atlantic Iron Wor 40 1b Tersey City. Fulton Iron Work: 40 80 North Point Foundry. wee 80 16 a Howell & Burebell, 32 18 1” B. Burnett & Oo , planing mil! 18 u 6 Bate Biree on — . a «| . § jor ity Water Pipe Company wm, Comelogy car factory 60 50 - Washburn, Hupt&vo. car wheel fac.. 16 16 = Fairbank’s safe i Me - en, Simmond & Co ,founders.... 40 % 77 Tinmcre, A o,, ‘car wheel fxc. 30 1 23 Titen Iron Works 40 7% - Jobn Mlack, trunk feciory 90 Ty Jersey City Chemical Wori am 16 _ S40 8.890 1,889 6,092 3,028 vavally employed, dlacbarged) or ail retained, the largest number given has been subatituied, by which it will be seen that thus far the total number of workmen discharg: at work, alt! he e lon of them are eitber on alt lime ‘or in Sally oxpeotaiion of eng raed of” tor ‘want of money or work. THE TARGET COMPANIES. Among the companies that passed the Hanan office es- terday were the foliowirg:— ‘The O'Grady Guard, Oapt. Warren, who paraded forty muskets, and shot for thirty expensive prizes at Weshaw ken. This excursion must have cost over $300. Pretty d for the bard times. Blackbird Volunteers, Capt. Cornel, paraded forty five murkels and also shot for Prizes. Another $300 at The Wolfe Tone Guard, Capt. J.J. Clancy, mae their fourth annual excursion to the River Howe, where twoaty zea wore dstributed to the besi abots, They mustered ty well drilled men. Excurmon cost some $350. The Young Knickerborkers paraded 38 muskets and shot for 90 prizes. J. W. Kelly,commanca this company, This e cost some $250. A RECEIVER FOR THE FARMERS’ AND CITI- ZENS’ BANK APPOINTED. An application for the appoimtment of @ receiver of this bank, was made before Judge Birdseye, of the Supreme Court, Brooklyn, yesterday morning. The name of the casbier was recommended, but denied by the Court, as it was thougbt inadvisable to appoint a promivent of the ‘natitution to the ition of reoolyer, William Peet, Eaq., was subseq' ly appointed. THE BANKS IN WILLIAMSBURG. SUSPENSION OF TUR CITY AND MECHANICS’ BANKS, The two banks in Williamsburg yesterday morning fol lowed in the wake of the New York banks, and suspended specie payment, Quite a large crowd gathered around the Williamaburg Bask, corner of First street and South Se- ‘ventb, and waited the hour for opening ia order to with draw doposite or change their bills into specie, As tho ‘bank was opened the following notice was posted up:— Al @ meeting of the Directors of the Williamaburg City Hank, on the evening of the 15th of October, 1°87, it was Resorved, fhat in view of the euepension °f epecte payment by the New York banks that this soe FIELD, Onahier, payment until farther notice TLIAMSBURG, Oct. 14, (867 The bank, however, continved to pay out bills upon cbecks, and the business in that line appoared to be quite Several officers were stationed in and abont the benk building, bul there bank GEO. to be no necessity for their prosonce, except perhaps to be on the lookout for Pickpockew. The crowds ovtsiie fared to place the utmost confi Jence in the seundness end some declared that they would net withdraw their Mie Mechant je! Bank, corner of South Seventh street and 2 , specte payment, % Kinved to pay out bili on checks. "There waa bai tide ba Sines doing at this bank THE JERSEY CITY BANKS. ‘The banks at Jersey City have ail suspended specie pay- ment, but are transeoting othor business as usual. THES BANK OF JERBRY CITY. ‘This bank was called upon for a considerable amoun' of specic on Tuesday, although {| can hardly be said that they wore “run.” At the hour for opening yesterday morning the following bulleiin was piaced outside the door — Owing to the action of the New York banks this bank has suspended payment for the present. All other business will trantacied as usual. Bille of solvent benke paid. We will rowive Huodeon Oounty, Mechan' id Traders’, Now York city and New Jersey Mate Dt! ‘and in payment of notes. The officers say ere well supplied with our. y rent Dank bille, which will be paid to their depositors on tnelr business will be continued MECHANIO®’ AND TRADERS’ BANK. ‘This bank, upon opening yesterday morning, put up the following notice -— Ip consequence of the suspension of the New York banks thie bank has suspended specie payment the ‘The bank will continue, as , all other vane THE HUDSON COUNTY Hank. ‘This institution, which was compolled to suspend «pecte pay ment on Tuesday, ¢ pened for business) eate day morn. es, the following bulletin outside ik, Owing to & refusal OF the banks in Yore, on Monday and Tresday, to rece! ite dealers’ checks, added to « panic then existing there, forced a run on which was metas fast as our receipte could be used yesterday. This calamity the bank will continue ite business by receiving making collections, and in afew daye will resume die Connting and its oval business. The thanks of the stock holders, directors and officers are due to the de meitors anc billholders for thelr confidence in tho integrity and ‘ability of the bank on thie ‘try ing occasion TELEGRAPHIC DESPATCHES, SUSPENSION OF THE NEW YORK COUNTRY BANKS. GENERAL BANK SUBFRM MIN ALBANY, ALnANT, Oot. 14, 1867. Al ® meeting 0! the officers of our banks, held this morn Ing, It wae decided that the sotion of the New York banks Baye made lt noessary for the banks of this olty to sus. pend today. They have also passed a resolution to take the notes of al the country banks at par. MEBTING AT SYRACUSE IN REGARD TO THE PRESENT OnISIB. Byaacvss, N. ¥., Oot. 14, 1867. A large and spirited meeting of business mon and other citizens of this city was held here this evening. Resolu- tions were passed approving the suspension of specie pay- ments by the banks, pledging themselves to receive and to give currency to the bils of sound State banks for the sake of the business intercsts of the country, and joining in the request to the Governor to convene the Legislature for the purpose of taking euch sotion for relief as the exi- genoies of the oaze may require. SUBPENBION OF THS BANKS IN BUFFALO. Burva.o, Oot 14, 1867, ‘The bank presidents held a meeting this morning to de- Gide upon the best course for them to pursue in view of the general suspension of the banks of the Sime. The meeting was inharmonicus. Nothing was done at the adjourned meeting in the after- noon. All the banks in the city, with the exception of the ‘Manufacturers’ and Trader’, have suspended specie pay- ments. Pratt & Oo, large hardware house, temporarily wus- pended to-day. THE SCHENKOTADY BANKS. Scummmorapy, Oot. 14, 1887. The banks In this city con@nued to pay specie on all calls made upon them to do so, TBE BANK OF COMMERCE OF PUTNAM COUNTY. Canam, Ooi. 14, 1861. ‘The notes of the Bank of Commerce of Putnam county, reported aa thrown out, will be redeemed as usual, SUSPENSION OF MASSACHUSETTS BANKS. PROOBEDINGS OF A MERTING OF THE BOSTON MBR- CHANTS—PAILURES, BT). ‘Boeton, Oot. 14—1867. The representatives of the Associated Banks of Boston met at the Clearing House, at a quarter past nine 0’ dock, this morning. Franklin Haven, of the Merchants’ Bank, and President of the Association, was called to the chair. ‘Wm. Thomas, of the Webster Bank, was chosen secretary. Remarks were made by Waldo Flint, of the Eagle Bank; by Thomas Lamb, of the New Englund Bank; by 0. W, Cartwright, of the City Bank, and by Alpheus Hardy, of the Granite Bank. Under the present exolted state of public feeling, and the om >arrassment produced by the suspensions of the New York city banks—the Boston banks being unable to draw their balances from them in coin, and being subject to drafts from the New York banks for coln—it was deomed advisable to suspend specie paymen for the present. The bank Presidents at their moeting in the atternoon, aco Aed the following preamble and resolutions: In oorsidering the course taken by the banks this morn- ing in eusp+ nding specie payments, we are led to the con- clusion that it was not s matter of mere expediency , fe ing ous of the fact that the banks of New Yrek, Palladel. phia, Baltimore and other important cities had set them the example, bet ® mesure af Irrestatible necebslty—a ibeir ak seamen, but most especially for the ood oa of \hetr numerous debtors. ‘It is obvious that the banks could not continue specie pa} their de>tors to pay in mass of them are in posscani perty, their inability to pay im specie cerieln, and an attempt to enforce it would ead in In their fell all the laboring claves of the com mut be ipvrlved. They wouid be thrown out of o: je ment and their fami'ies thrown out of daily bread. It to avert these consequences that these measures bave been: acojted. The committee recommend, therefore, ado} tion of the following resolu\ions:— Resolved, rhatthe present system of daily settlement between the banks in the Clearing House shall be con. tinued, uncer such modifications as the Clearing House Committee sball deem advisable. Resolved, That there sballbe s return to specie pay- menie at as carly a period as porsibie. The reso!uticns were unantmoasly adopted. There will be another meeting of the banks to-morrow morning, at 9 o’cleck, to discuss some of ihe minor details of the present financial polisy. The announcement of the decision of the Boston banks to suspend specie payments was well received on "Change, the measure, in view of the circumstances, being decmed “ advisable. ‘The pews spread with great rapidity throughout the city, but did not cause as much excitement as was anticl- pated. Lower prices ruled at the stock board, and the market was quite unsettled. Itis probable thal the sus Pension will extend throughout New England, with few exceptions. ‘Tho Massachusetts Bank, the only ome refusing to join im the suspension, declares Its intention to coatinue specie payments permarentiy. ‘The banks of New Bedford, Fairbaven, Worcester and other principal towns, bave suspended. At Nantucket and Lowell the banks continued to pag specie through the day. ‘The crisis appears to have been met everywhere to” day with entire philosophy, and with no exhibition of ex- citement ‘The Botton banks will psy their balances ai the Clearing House tp specie as usual, so that the suspension merely ‘amounts to the suspension of paying out gold over their counters. ‘The Pacific Mills Corporation, at Lawrence, of which J. Wiley Edmands, of this city, is Treasarer, is reported sus- pended. Messrs, Little, Alden & O>, large dry goods tm- porters, are also reported suspended. A published card of Messrs. J. 0. Howe & Co., proposing to their creditors a renewal of their paper for six momtha: as tt maturer, bas met with a liberal response. Their notes aad accepiances (o @ large amount have already Deen sent in for renewal. From the extended connection of this firm with manufacturing Interests, its suspension ‘would throw ont of employment nearly a thousand per- ons. F, Skinner & Co, publish @ card in tho evening paper: calling upon thelr creditors to have their pa er renewed for six months from its maturity, receiving interest for the extension in advance. The assets of the firm exceed their lsbifiiies by more than $1,000,000, ‘The banks of Lawrence, and also those in Methuea, eus- pended to-day. The Pacific Corporation was unable to pay off thelr hands, SUSPENSION OF THE MAINE BANKS. Poxt.amy, Me , Oot. 14, 1861, All our o'ty banks suspended sposie payments to-day. Basoon, Me , Ot 14, 1867. Ata meeting of Bank Directors, held here this afer- noon, It was voted to suspend specie payment daring the present crisis, Resolutions were also passed expressing ¢onfidence im the Soffolk Bank system, and refusdag te take bills not redeemed in Soston. THE NEW HAMPSHIRE BANKS Bowrom, Oot 14, 1867. At Concord, N. H., the banks bave not suspended. At Manchester, N. H., the banks have suspended. BANK SUSPENSIONS IN HARTFORD, CONN, Barrvoap, Oot 14, 1867. Ata mecting of bank officers this morning, it was veled that the Hartford, Phoon'x, City, Sate and Farmers’ Banks suspend specie pay mente, The Connecticut River Bank har not suspended. There {1s no excitement. THE NEW JERSEY BANKS. RUM ON THE NEWARK SAVINGS BANKS. Nawanx, Oot. 18, 1867. ‘There was a great run upon tho Newark savings banks to-day, but It is thought they will fully sustain themselves. SUSPENSION OF THR TRENTON BANKS. Tamwrow, 8. J., Oot 14, 1867 The Trenton banks muspended epe sie pay mont this mort ing. There wasno run upon them, They were never in better condition, and reif defence anc the New York bank Suspensions are the reasons for this action. ‘The surpension of the banks produced no excitement here, and there Is a favorable feeling towarcs the banks. They accommodate (he public with spect for change, ‘There is some talk about convening the Legislature, 16 repeal or modify the stringent law against bank suspen. sions THE STATE DEBT OF MISSOURI. Sr Lovin, Oot, 18, 1867, ‘Tee Legisiature of Mistouri meets on Monday next. ‘The utmost confidence prevails that amp'e provision wil be made for the psyment of the Siate interest in January next. MONETARY AFFAIRS IN DETROIT, Dernorr, Oot. 14, 1887, In consequence of the suepension in the Kast, the Michigan Insurance Oompany’s bank in this olty discom- tinued specie payments this morning. Othorwise ite business will go on as usnal, The action of the bank i almost unanimously approved. A mocting of the cit zens to consider monolary affairs will be held this afternoon in the City Tall, BANK SUSPENSION IN AUGUSTA. Avavena, Ga, Oot. 14, 1867. ‘The Railroad Bank, in this olty, hae suepended. THE PETERSBURG, VA., BANKS. Prrmanvma, Oot. 14, 1887. The branch Farmery’ Dank, of Petersburg, suspended ia