The New York Herald Newspaper, October 16, 1857, Page 2

Bie desired to draw tt all ont, but the officer of the bank, HALL AND GON, who was waiting upon him, suggested his leaving five White street, West Broadway, usually employ and t) indace from fifteea to hands, have all of their cents as @ nucleus for further savings, prt paca a gg A -~* eames not to desert the habit of saving money. readily adopted the suggestica and proposed thai be should yeave twenty-five coats, He accordingly received his dollar, axa mmched cif with @ manly air that was quite amusing to witness, We were informed that one little fellow who sella newspapers 00 ed ome time since by deporiting nine cents. Ho 4 STEINWAY AND BON, In Walker sirest, near Eim, usually omploy about eighty men, but suspended work on Wodpesday morning for the present; will probably revume with the whole or Sart ctthet ental uakher of'weramnen 18 ‘the course of a ‘week or two. ry to this comethirg nea ty every day, until, im a compire- tively sbort time, be bas thus acoumulated over forty-sit devas. 8yores and bundreds of instances like this might De given. They have the almost comfdence ia the baat, ‘and when the oMicere tell them {i is “all righ,” they are eatisfed, and trouble their heads bat vory liitle abou) V. F. HARRISON, Corner of Oanel ani Wooster streots, usually employ from two to three mea; doing very little at preseat. BABNEST GADLEB, No. 88 Wa kor stroct, hive the uscal number of men (12) steadily employ ed on full time, and have sold of all the pianos manufaotured thus far. ope to continue the vame number of men during ths winter. BAZULTON AND BROTHERS, Of No. 200 Centre street, usually em sloy about forty five men, whica number has beer reduced to pa jenty of work ordered, bai pep rps on to pay men for doing !t. BACOR, BAYBN AND CO. In Orange street, near Grand, uavally employ ome hun- dred end thirty mea, most of which number they kept on until Wednesday morning last, whon they suspended ‘werk for the present, retaining bet twenty five or thirty men until thes Bave an opportunity of sesing where they stand; pone cf the mor were diharged; they are morely holoing \{f'for afew days, to see wha action will be taken. “guspension "? o'olook P.M. ‘This insiitalion ts open dally unill 8 DRY DOCK SAVINGS BANK. ‘Tae amount withdrawn yes\erdiy was very small—only $802 TR. During the day thelr deposi were $650, show: ing a gain of $266 28. On Wednesday, when they were wu dject toa very heavy ran, they paid al promptly, and before 7 ¢’olook all those applying were satised,and shore was not a deporitor abont the bank at the heur for olcsing ‘They, however, have cince deemed visable ‘o fall into Qhe measure adopted by the other wavings {nsiituilons, aud Fequire one week’s notice for intended withdrawal of ‘money, unlore the amount was quite swall,or whee the gpositor was willing to accept ovly ton per cen} of the ‘amouns he had on deposit. Their business hours are from 6 wT P. M,, every Monday, Wodnesday and Saturday, ROSH BILL BAVINGS BANK. But vory litle business was done here; it war, taieod, rathere dull day. Few drafts were prevented, and those ‘were for emall amounts. The financial excitement in the meighborhood, which at no time has besn very groni, har entirely subsided. Their hours are from 10 A M to2 P. M., and on Wednesday and Saurday from 6 to 8°. M. SBAMEN’S BAVIXGS BANK. ‘There was no crowd about the doors, nor any oxcite meat: People passed in, got their money, and retired ‘without making any observation. A sumber made de. posite. The bank pays in bills, and acts in ecoordance ‘with the rule adopted at the gereral mooting on Wednes day. The following statement was bavded to us by one of (he officers of the institution: — — 16566 —— 21730 98,100 LIGHT, NEWTOW AND BRADBURY. At No. 421 Broome street, and Nos. 120 and 122 Wooster street, Mr. Bracbury informed our reporter that he vsvally employ aboat $0 hunired mon, which num- ber are still kept on threo fourth time. Av there men are all old tried bands, they deniga, if possible. keeping thom ail employed during the winter. Bare bad plenty cf work all along, but have been in some instances afraid to abip consequence of ihe unfavorable je futore. Mr. Bradbury, foreseeing the of = panigamong the banks of New York wince drew out all their deposits from the jiately avaliable Hy the firm, let what would hapren to the bavks With this prevaration they were ensbied to continue withext fear of interraption from any cri ‘mn the money market, so long as the work al- ready centractod for and under way Insted, which they calsulate will be some two months to come, SOBBLER AND SCITMIDT, Manufactory at No. 423 Broome street, usually employ adout ten mon, which is the number a present employed, ‘ail on full time SCHUELTZE ANB LUDOLFF, Corner cf Broome and Mercer streets, employ five men, which fs the usual number. Intend to keep (his number during the winter. WALLACE PIANOFORTE COMPANY, Gorner of Broome and Greene streets, usually employ about fifty men, which romber has been reduced during the past soaron but three or four; all ou fall tims, with no pro‘pect of dicobarging apy for the prevent at least, 0. ¥. HOLMES, In Bist street, between Second and Third avenues, geverally employs about eleven men, bus two of whom have been discharged during the past twocr three weeks. Three hands on half time for the past three weeks, aud the bal- ence on full time. BLOOMING DALB BAVINGS BANK. ‘This lastitction has experienped buts small drain in comparison with other banks of a like amouat on deposit. Is ts pow costed wt 649 Sixth avenue having removed from thetr old site at the corner of Broadway ani Thirty- first etreeion the Ist of May last. This instiivtion was eatabiiebed in 1864, snd on gooount of the cautiousnoss and Judgment of its mapagors could mow safely live through aby run that panicetricken depositors might chocse to make, Its funde are kept in the United States Trast Company, and @ro therefore avalisblc ai any time, the bank beiag the giver by eny sudden withdrawal, as those 80 doing would of course lose their Interest. They bare carefully avoided tying up their money under bords, mortgages, &S., as they anticipated a orlais or run of this kind, and accordingly put Werrelves in a condition to avoid being paralysed by a sucden chergeinthe public miud Maethe present. The drafte yesterday were very slight; indecd, the tramsactions of the day were scarcely isting: ishable from their ordi- Bary Cepesite and drafts. Their business hours ae from 1lwére At the Irving, Broadway, Emigrani, Industrial, Eat River, Maghatian, Mariners’, Clerks’, Greenwich, and Me- chanics’ and Traders’ thore was neliher ‘ran’! nor excite mont. Toings wore their overy Cay budases appearance. Som.) were taking out apd others paying in ai all incse ta A. H. @ALE AND CO., In Twelfth street, near Third avenue, and corner of Tuirteen:h street and Third avenuc, generally keop aboat ore hundred and twenty-five men at work, which auber has been reduced during the past two or thres weeks to sixty-five, all told, all ou full time. Have plenty of work to do, but can get n> money to pay off men with after the work is completed. Have about one hundred finished pianos on Eand, ‘iH. WOOSTER, Corner of Fourteenth street and ‘d avenue, unsaally employs about sixty men, which number has not yet besn redaced in consequence of the bard times. Has about one hundred pianos finished ; eighty on thelr backs, partly Snished, and fifteen or twenty laid out. Will endeavor to rotain the prereat number of men for the present, if sales can be effected. J.B. DUNHAM AND 0., Manufactaring at 79 East Thirteenth stree}, usually om- ploy about one hundred and ten men, but suspouded work temporarily on Satarday night, but are in bopes Stituiions. Claimants wore paid in bills and ema!l amounts | to pute th —_ 2 week, with eres yf com e wor lor way, ani 3] ia eprole. The ten per coat 1 vlo was acied on in mostin | fhmbed ae ene cular P SP = manees, bet relaxed when a 0x80 of necessity appoared. ‘The largo majority of who withdrew thelr savings ‘wore new depositors; he old ttsndard castomers xve too Cortain of the solvency cf these institutions to give way t foolish excitement. Qalie large numberof those who ad praviously withdrawn thetr doposite wero re-depzsit- tmg thom yesterday. They 61d well to ast promptly on returning seuse, and {i would be highly bon: ficial for al; ose who were infcesced by ihe panic mania to ‘go and do likewise.’’ BROOKLYM SAVINGS BANE. We learn from the officers of this long tried tnstitution hat everyibing is going on as asnal, and that yesterday be receipts were more than double the payments PIANOFORTE AND ORGAN MANUFACTO- RIES. SPYBOT OF THE PANIC ON DEALERS IY, AND MANU- PAOTURERS OF MUSICAL INSTRUMBNTS—GENERAL PARALYZING @F TUB TRADE—FEMPORARY CLOSING OF ESTABLISHMENTS, BTC. ‘The (celers and manufacturers of luxuries, orsamenta! wares and instraments, bave, as a class, untoabledly felt ‘he effects cf the present money panic vasily, if possible, more than those who are concerned in the manafastare ‘and vendirg of articles absolutely necessary [or dally use ‘and to promote the business and commerce of the country. ‘Thus, while the panic has seriously affected the tronmon- (gers, carpenters and other useful brasches of the cliy, tt bas had ® mccb more severe effect on the mannfactur Gra of mosical insiruments, &o, many of the oldest ani largest eviablishments having within the past ¢ay or two eatirely suspended operations for the present, barely kee). (ng sufficient men at work to complete and flaiah ap work that it ls absoiutely necossary to have, in order to fill con- tracts, &s., a'ready made. Several other esiabiishmonts ave reduced ibelr number of mea, in scme instances over ons half, while vory many cf thom are aeepirg the ‘cmual complement af work, cliber cn half pay, or of August last one hundred and sixteen pianos. . Have now op hand, trcioding those compieted ard ueder way adont two hundred pianos, which 1¢ one bundred and eighteen Jews than the numver on bani last yoar at this time. HAINES BROTAERS, Corner of Second avenve ard fwerty-first strect, usually employ from seventy to eighty men, ro¢aced within the Jaat two or three weeks to forty or fAitiy, all wid. MILLER, CUMMIKG8 AND 0O., No. 166 and 158 East Twenty tres}, usually om ploy about hie Hp Present mumber tweaty five All on full time, but with reduced wages. BRAINARD AND OGDRY, In Twenty-second street, meer Lexington avenue, and foot of East Twenty-fourth streot, usually employ about thirty men. Have reducei that number 1 about twenty. Eve, with « fair prospeot of still farther reduction on aext NUNNS AND CLABES, No, 98 Fast Twenty-sixth street, caualiy employ from ninety to minety-five mem. No reduction in that number as yei. Allo: balf time stnee Monday morning last. LINDEN AND FRITZ, No. 478 Broadway, asual number of men about tweive, which number are atill Kept ab work, alibough there isa 004 prospect of a reduction witn! in & week or two. JOHN GILL, PIANOFORTE HARDWARE, In Twenty-sixth street, usually employs nine or won hamds. No reduction as yet. All on full ime. ORGAN FAOCOR(ES. RB. M. PERRIS AND CO., Houston street, near the Bowery, usually employ about thirty mon, which number are still retained. Ploniy of werk, and no of diwoharging anil afer Fobruary, if then. All on fall time, ad HENRY BROBN, In Contre street, opposite Gamal. The persom in charge of the office declined giving apy statement; but from spo! bor sonroe our roporier learned that the asusl number employed in and shout the establish arent was abvat afy, Discharged, within the last focr weeks, about eight or ton mex. Plealy of work, but no money. HALL AND LODAGH, No. 88 Wooater street, usually emp! sy abont thirty-dve men. Present number twenty-two, with a prospect of a still farther diminution of the number. Will keep about fifvea through the winter. GROROR JARDINE AXD 50N, No. 100 White street, usually employ about thirty to No reduction as yet. Plenty of work, but money very scarce. THOMAS RODJONN, In Twenty second strest, near Lexington avenue, keeps bis usual complement of men (about twelve) at work oa fall time. Plenty of work. MELODEONS. CARHART AND WENHAM, In Twenth-third street, near Legington avenue. usually ‘empioy about seventy men; suspended enlirely during the week, without ¢ Of the mon, in conse. pest quence of an socident to the Ddoller, Resume again Dex! week. S65 He ! PLANOFORTE MANUF AOCTORIES, FIRTH, POND AMD 0O., Oorner of South Third and First streets, Brookiyn, ED.» ‘aroally employ about forty mos, all told, which has been ‘Fedaced with'n ths last two or three weeks to sboct twon. Ay, who have beer on two third time for the ber at . all told, which daring the winter, an cently to warrant the en; Prevent epgages oe eee eo Jems the times should improve eo” Omployment of a greater namber Hi. HANERN, No. 100 Contre siveet, usually employs twenty men; have at present adont fourteen, all tid. Have plomy of work, but no money to pay men for ding {\. All the men ft prevent employed are on foll ime Mr Hanson thinks he will, ip a)) probability, stil) fartrer redoce bie somber of men, within the next week or 170, to about seven or aight, all told, providing times got no beter. WM. LINDBMANK AND BON, Ne. 6 Walker sirest, usual number of men abou @evenicen: present number thirteen, all told. Have dis but one man during the past week Haro plent; Sl eckere er are ftamn toa hoch, bel wo ieney 1 r= | I for doing it. All the mea at present employed are on lliess Tt will bo observed in the bas been any doubt at to th or retained, tbe Bighes boen given; thus giving @ total of 1A ber unually employed in the 32 oatabll wich has been reduoed to 856 at ALBERT WRBHER, West Broadway, mear Oanal street, retains his fall com Plement of men (eighteen). Has plenty of work, aii cas fom orders, to inst anil! the first of Mmwary next, and shops aad planot: fied the w4joiming eines if £ jan metodecn shops in this 8,647 1a round Ogures, THE BROOKLYN BANKS. Of money to pay bie mew for doing 4 No (nten lam of red: the namber unti! afer the first of Janu in Brooklyn the rush of afew days past bas ontirely wry, ai wl ‘ork all oid for cash on delivery. Oreeed, The banks are no longer crowded with anxious JOHN P, WARE AND 00., {n Camel street, near Varick, discharged all hands and Bowed up some time wtnce be (dere of notes or thone demanding payment for claims ‘Tes throng which congregated at ths doors of the banking jastivcldona in Williamsburg have departed, and bas given - NEW YORK HERALD, FRIDAY, OCTOBER 16, 1857. pl.:¢ to those who hat logitimate bas'ness to transact. JM. & WG. Bhorperd, Rich: fatto’. ‘A> be Williamsburg Clty Bank yeuterday overs! thou. | Fowle, &Co, Alereniris, Va» soeoeaahs ‘allison & Oo., Now saccr of dollars were deported in gold by parties who a Greggs &' 3. aor Ones Le sponded. fe « ‘oye ainoe were 1 of the Of ft, as well Klag & Uo , 8: Louis, Mo , eusperded. oe other back ia the dity. So feresthe banking | Collin:, K ke Kirby, 8. Loate, Mo., suspended; ‘nstitetions of Williamsburg are coscerned, the panic bas | ‘bave «large surplus; will pay im full, ent rely subsided | with interest. Reafre ¥, Pomeroy & Co , 8. Louls, Wo, suspended. W. E Calver, banker, wille, Ky., suspended and Tor Wiitamsburg Savings Bank yes‘erday afernso0 presented quite e ccntract from that of the dsy be'‘o'e From the time of oveniog until the ole pat fow certons were present, aud the imsjorliy of these for the perposo of depositiog rather thex drawing fonds. atisined about the average thet it to the recent excliement, There were bot drafts than there were deposits, but nothing construed into a * rue’ wee percet red. ‘THE FARMERS’ AND OI91Z5¥8’ BANK. On Wednraday Judge Birdseye, of tne supreme Court, aigned. Trilliam Lee & Co., Cincinnati, Odio, suspended. H Fries & Co., Oincinnals, 02,0, avsigned. § B. Williams, Cincinnati, Oblo, suspenced. ‘The Cuyahoga Bteam Furnace Jo, Cleveland, Ohio, as- ed. fT orrison, Cleveland, Odio, falle’. eppolpted Orrin M. Beach, Eeq Yate caabierof ihe bank’ | Wim, Lowenthal & Co... Evansville, 10d., assigned. reociver on the application of 'd Traeedeli. bonds W. A Waabburn, Oclambus, ind., suspended. of Mr Besch bave pot yet been approved, and an apolica F B. Beneon & Uo., Thicago, Ill., eusended, Of the assignees of the back, , Pobiman & Salih, Obicrgo, Ili , amigeei. Rossiter, Becker & Dean, Chicago, Ill , assigned. Temes Siojent & Co.- Deirolt, alon., a rigned to Henry Stopheca and E. A Wiloox. Ventile Rabcork, Homer. Mich., fatled, P # Buck, Sturgis, Mich ,nesigred, Renmerr, *Wernuke & Mebrman, Plymonth, Wis.,as- tigeed. WW Lealle & 0o., Fort des Motnes, Town, failed and gold oni Warrer & Abbott, Lyons, lows, aweigned. D. B. Scott, Lyons, lowa, b Charles 8. Bulbort, Lyons, Iowa, avsigned. J.T, Bacon, Coser Rapids, Iowa, failed and assigned. Tease Park, Oemanche, lows, assigned. B D. &T. Dubyups, Ciarkeborg, lows saga, Marthal! & Co , bakers, Si. Paul, M. f, ; ehow arsots of $93 386 to pay $83,977 Mabilities. Swift & Hamilton, Si Paul, M. ¢., assigned. I. L. Farwell & Co, 38. Paul, M. f., assigned, »potntment «f ‘Beach assignees and some of the principal stook bo ders were, {t18 alleged, not represented on the aopitoa- ton. Argument will be heard on this motion to-cay. THE CAUSE OF THE SU3PENSION. TO TH BDITOR OF TAR HARALD. 3{0 Broapwar, Oot. 15, 1867. There can be no mistake that our Anglo-American ‘bankers did ail in their power to make eur banks susp: and solely lat. So protect their own houses in Kogland, and %. To shave us, as they are used to, by exorbitant ex- Now, would it not be possible and advisable to p -otect x bere by an export daty of $0 ver cent, or even more, | & BD Wateco, Monireat, 0 i eurpended. . on all an Sotalst Thetiove they ou | Kobiirrky & Brother, 0 E, suspended. sgscin’ ob any. ytenee 0 believe Vaey F. Burtieli & Uo, Quebec, 0 W., failed; liabilities enid the otber side of ocean woull have otake our pro duce as payment fcr their manufactures, or have to pay | heavy. E. F Whittemore & Oo., Yoronto, 0. W., suspended. ™ j'psticn Wo this eet anoald be eyuei by every Ame- | Jann fark, Woodatock, OW. amigas, | CO ala plas proseniat © | the ‘ollowing business feaye the Chicago Zribune, uments, | “Wedewort 100, bankers IONS, FAILURES, ASSI i 5 eae the Independent, Oot, 16.] Baker & Davi¢aon, ehip stores. Tre 1g are tho reported failures, assignments, GM Bigs lumber. ee Seae riitend: ie, saddened ita arn = , : D W.&E A Quimby, South Berwior, Me., failed. W. P. Ross, dry goods. 8 F R-0f-ld, Uiaremont, N. H., suspended. Wakefield & Fatkets, Hinsdale, N. H., failed E R. Rovertson & C3., Baitonville, Vi., suspended. I W. Ford & Co,, Spring Geld, Vt., fallod. Giceon M. Le, Chester, Vi... failed. John £. Jobusn Chester, V6, failed. Frauc is Btioner & Co., dry goods, Boston and Now York city, suspended; show a larg? surplus, @nd ask an exten. tion. Otis, Cushman & Banoroft, cloths, Boston, suspended; eek an extension. 8 @ Damox & Co., shoes, Boston, fatled. Neab, french & Uo., shoes, Boston, suspended. Eeesias, Brown & Oo, West india goods, Boston, sus- nde bar T. & W. P Lymer, B:aton, failed. Job I’. Whiton, grocer, Bustin, sasponded. F &F Rice, grocers, Boston, suspended. Ward & Boots, dye atuils, Botoa, suspended. Woodford & Wibrr, fen sy goods, Boston, failed. Orane & G over, paper, Boston, failed Milton Gale, 0:13 and leather, Beston, failed. L. A George & %o , millinery, Boston, failed. ‘garnand & Co., aericultural implemeats, Boston, tn our Inst as failed, oply required as extension, which baying obtained, they wi'l continue as formerly, Worcester, Mass, suspended. George |, Faunton, ti a ded. Tirrell & Hereey, South Weymovta, Mess., suspended; abilities seid to be $75,000, and eso $100,000; ask an exteps on Wardwei! & Barstow, Providonce, B. I., suspended, Harknces & Skad, Proviaence, R. 1, assigned t Geo. B. Heimes John A. Littlefield, Providence, R. I., assigned to W. A. Arnold. Royal Prouty, Windsor Locke, Conn. , fatled badly. Tinols Oouiral Railread Comp wy, New York city, as- ped bi yw York and Erie Railroad Company, protested. mae Brothers, publishers, New York city, sus- 6 OOnrakeg & Co , bankers, New York city, susponded. Josech W. Uorlics & Co, dry goods commission, New York olty, eospended; liabilities heavy. commision, New York TELEGRAPHIC DESPATCHES. GOV. KING REFUSES TO CONVOKE THE LE- GISLATURE. Atnamy, Oot, 15—8 P. M. The predictions of yesterday are not fulfilled. Then, ‘and also as late as ter o’cleck this morning, it was gone rally understood thai Governor King would convene the Legislature in extra ecasion, in relation to the condition of monetary affairs. The Now York city bank delegation have been laboring with him very strongly. Very few ia this city or other paris of the Btate took mach inieres) in the matior. His political oounsellers opposed the moa sure with their uimost seal. They urged the danger of ‘an extra seasion in a political point of view, and argaed that matters might rather remain in siatu quo, or even worse than now, if possible, until the first of January, when the new Legislature will meet, Late this afternoon it was announced in private cirsles that the Governor had not made up his mind to call a sossion, and tha} he provably would Bot «This decision was made after the arrival of the New York morning papers, ‘unanimous opinion of the eight Supreme Judges. This opinion, it is now siated, will supersede the necessity of apy legislation in order to protect the suspended banks from threatened prosecution. fhe fesling here was not favorable to the New York Bank Committee, in conse- quence of the cold shoulder which they exhibited to the albany and country bankers, when on a visit to New York a few days since endeavoring to effect an arrange ment whereby country funds might remain in the city some aisty days before presentation for redemption. Hall, bane & Ce, dry goods ae i Yesierday the run for specie wat discontiaued, except eu zimort & Seockman, dry goods cxmmlasion, New York | upon the anvings baaks, which pald oT several thousands Charlee Waldo, dry goods commission, New York | ' silver, under a vory slow process. ‘The exeltement run city , suspended. igh cntll two o’cleok, when the banks closed. This Fe no a ary goods commision, New York | merning no depositor could get a dollar, unless under the WT Dpoan, dry goods commission, New York | "ule of wook's notice previous to the third Wednssday city, sus; ‘ee Of October, As no such notice had beon given, the conte- pended. ‘Woodruf, Langdon & Oo., dry goods commission, Now | quence was that depositors could ges neliher specie nor York city, suspended. ‘ina, Bovglas, Wheelock & Do onde, Now ¥% Peper. on nen 9 G7 Goede, Now York, |v ssere han boon no execsstre Gemané for epeste upon L_ 0. Wileon & Co ,drz goods, New York clty,eus- | iho disoount banks bere during the panto, They closed ded: abilities Lar; Pew G. Lane & Ge» fry guoae, ton Seve ey, gampaned, Blrerg, Adriance & Co , dry goods, New York oity, eus- pended; will pay ia full. Fenton, Lee & Oo., dry goods, New York city, suspended anc asvigned. Bis & Oh. tapers, tow 7 suspended, Baikie importers, New York city, L jo°re & Oo, millinery goods, New York city, ous. pended; liabilities $230,000. Beekman & Co , dry goods, New York city, suspended. James A. Hearn, dry goods. New York city, suspended. Brink & Rossel, dry gcod:, New York city, suspended. ba ge Whittemore & Co., cloths, New York city, Carhart, Brcon, Cask & Oo, loth, New York city, en. pd clothing, New York city, H a) simoltancotsly on Tuesday upon learniog the closing of tho Now York banks, considering it a moagure of self pro- tection, Since then a more iberal feoling has prevailed, discounting is enlarged, confidence is fasi resuming, and all commercis!, mercantile and manafacturing iatercsts al- ready present a more am!sbie and contented aspoot. The Political friends of bis Excellency, together with the deci- tion above alluded to, are the principal causes which pro- valled upon the Governor to hesitate in convening the Legislature. The Albany Icbby are most wofully dissp- pointed im the nom-act'on of his Ks cellency. FINANCIAL PANIC IN NEW ORLEANS. Naw Oniaans, Oot. 14, 1857. The Unien Bank has jost ruspended ow York city, sus; penta then a grad seemed a Aer rae There gs hoayy run upon all the free banks. Therois Daniel Cartis & Co.. York olty, suspended. great deal of excitement. Backus, Nichols & Oo., bats, New York city, euspended. | The branch mint haa purchased f/om the barks $200,000 Seymour & Co , paper, New York city, q Fowlor & Wells, publishers, New York '» aesigned; their poblications will be conuaued without isterraption. Burt Brothers, shoes, New York city, suspended. Herrick, Ferria & Oo., gens’ farnishiog, New York city, wuspec di Petites, Jadson & Co., tron, New York otty, suspended, Kemble & Warcor, iron, New York chy, failed and as- signed. Gallaadet & Wetmore, hardware, New York oily, sus- PeOuurchill, Rogers & Wetmore, hardware, New York ity, mapenced. Hunt, Th.mas & Oo, baxiware, New York sity, sus- oa, Poe & Rice, hardware, New York city, suspended. ck & Greenwood, grocers, New York olty, sus- Peirced & Gran’, grocers, New York olty, eusponded. inetiver, Is is paying out gold, and eo affording some relief. {s supposed that the rua upon the backs will continue t»- morrow. Great confidence is felt in all the banks now standing, and large sums wore deposited in thom to-day. No failures are reported to-day. and Southern basks, and by James Robb & Oo, ‘Tho banking house of James Robb & Oo,, with others, to It or the Southern, the only free bank left standing. Ladlom & Leggett, prodeoe, Now York city, wuspended. Stu Gannsmn, Ooh, idend, 2 Joba Pyatt, produce, New York otiy, suspended. ; ‘pemdooprorshed ek Royster, abnoon Kew York oily, suspend. | The run on the Citizens’ and Canal bauks continues 4, ok an exnnnion 6 pay ta Sl heavy, but it 1s toa lees extont on the rest. There is much fy y= Torn i Panded: | eacttoment, and business is paralyzed. 10 o’ctocx, P. M. ‘Tho Citizens’ Bank, the Bank of the Siate of Loutsiax, the Bank of Louisians,and the Casal Bank all refused, this morning, to take the notes of the free banks. ‘The run on the free banks commenced early in the day, and before three o’cloxk Uajon, the Merchants’ and a, @ W. Biles & 0, 0, New York aiiy, sus- pended Bull & Moore, tobacco, New York cuspenied iesninek Williams, traits, Now York aig, uspeaded Willa Pact idge & Son, dye stuffs, New York city, wus- ‘Ames, Horrick, Barnes & Rhoads, stationsrs, Now York city, ou od. ‘Traders’, and the Bank of New Oricans suspended specie Beary A. Kely, ols, Now York chy, suspended vGaee cuban Ghee) tems abe Fe, ‘Newman & dohmiat, trimmings, New York elias wate ak, (hee) Bak, nt Be , teepended . ‘orm G7, sce, Wow nae io Tela ‘The bank of James Robb & Oo. (free) is considered safe: re rin iow failed. Ctroulatic stant a Kt. Pots, tere Winnings, New York ety, ax * nocmay aae Saisadeee senrendee wire For Oo., fancy goods, New York otty, failed | wi P.M. ‘SF Borckty, New York otty, ‘The chartered banks are standing by each other, and Px Doughy & Oo, of Broad street, ‘A Downy, ‘arge deposite are being made wiih thom and the Southern f Jets ron} cee abe Va ei, perenne Bank. It is suid the sums being deposited with them are reported, has arranged wiih his creditors, and’ costinnes | M/S*F than these drawn out. a vocal. ‘Wilson & Pook, Williamsburg, N. ¥., failed and as. ward Horh. fay ga ‘Y , aesigned. Prevails. THE WASHINGTON BANKS. a Tn ga » Rochester, N. Y., suspended; Wasniecrom, Oot. 16, 1867. ener, WY. failed The Bank of the Metropolis has declined to have any- , Deal, N. thing farther to do with the proceedings of the other banks of this Dietrie}—therefore tho contemplated estal)lishmen! ofa Cicaring House is abandoned. They will, however, act independently of the Bank of the Metropolis, and agree upon a plan to regulate the exchanges and to afford all the busiaces facilities in their power, This was understood at the r mootirg this evening. SUSPENSION OF THE BANKS OF NASH- VILLE. Nasuvinas, Toma. , Oot. 16, 1887, ‘The Bank of Tennessee suspended epecie payment to day. ‘The [oj ls\atare w considering & resolaiion to legalize a general suspension by the banks. The action on the reso tution | deubtfal. J. Bowers, Ooo verstown, N. 9 W. Ryen, Marcelius, N. ¥ . L. Fenton, North White ote ¥., uspond- Zk pended Rex, K & 00, 4 2 0; Tisbiliies sid about Abo eegarr weetaintons Caldwell & Eogiie, dry goods sommission, Philadelphia, worpended if Lata — Gry goods commision, Philadelphia, sapend Leonard & Bakor, dry goods commission, Pailadeiplia, murperded The Planters’ Bank and the Union Bank wil! bold oul to D, B Hiamas & Co, 4ry goods commission, Philadelpais, | the last, aniees authorincd to suepend. auapens W. & M. Brown, ry gooim oommirt! easy ended Philadelphia, RUN ON THE BANKS OF MISSOURI. Mitchell, Brognard & Oo , dry goods commission, Phila- Or Lovm, Oot, 16, 1967. be Fy: gute, Pome There bas been « heavy run on the banks of ths Sate of "7 ia, Philedetphi: Mirsour! all the morning, and opin ons conflict here as to temas Gow Sey goats, F “ary gesac' Paneaegets, gus. | thelr ability 10 hold ont, Otherwise the eity ie quiet. FINANCIAL AFFAIRS AT CINCINNATI, She, olatuing, ‘pha, euspended. Price J Patton te Oo. bets Pailegsipate! en 4 Oureuwmars, Ootoder 15, 1887. Tae Iehign Cand iron Gompaay, Philadelphia, gua- | ThA mcney market |s very aneeitiod here in conse quoos _, ee of tho nows from New York and elsewhere —_— iM, hardware, Philadéiphis, We | 1 \4 thought that the Kentucky, Ohio and Iediana Stats ‘Anhby & Roeap, bate, Putladeipate, suapendod. Ranks will not suspend at present. Brook, Emory & Oo, \ladelphia, euspended. S —_—_— ai hy, Uy pended THE PHILADELPHIA BANKS AND THE RE- Joan D Gage, ac th ‘ LIEF BILL. J be @ Williams, Carl. failed and aedgned. Paaperrma, Oot. 16, 1867, ‘The banks bere manifest a digpoaition not to aovept the Pollet bill, There ts additional gloom in business circles to day ‘Alf 04 Marks, Lewinion, F Nea KM Peatherttone & Oo. totscco, Baltimore, Md, me Cation Hartwoll, Richmond, Va. \uspended containing a» | Affairs in the afternoon were yet very ungetiled, and it | Yhere are rumors that the Bank of New Orieans will | open in the merning, Tis notes are taken by the Clisens | bed Kkopt oy en till six o’clcck, and not @ doubt is expressed as A.though there is ocnsiderable excitement, good humor | ARRANGEMENT OF THE BOSTON BANKS. Bosros, Oo}. 16, 1667. ‘The adjourned meeting of the Amsociatcd Banks of this tty wes bold this morning, af the Clearing House. Various plans were presented and divoussed to facilitate the payment of balances betwoen the banks at the Clearing House. No definite pian has yet been matured. ‘The meeting was not of muoh importance to the general Dus'mess public, except £0 far as tts action aided our bant- {og tnatituions to discount in reasonable amounts to safe and solvent parties, The system of bank exchanges to be adopted will assist materially im this purpose, and the Danks will bo engbled, as it ts the intention of their officers, to help those merchants only requiring time to meet their Mabilities. ‘The proposed course of the banksin diso;unting un- doub'ed paper will farnish great relief to many butiness men, who will stand the Snancial storm Dut bead bensath the pressure. fo oy any of ite ‘Tne reported failure of Little, Alden & Oo. is noteon- | “Oo an anter to redeem, the bank firmed. They ask an extension in bebalf of the Pacific by qm cp fy Ey oh Pra mae ‘Mis Corporation. They are its agents, and it is thought pe York, im paymont of te cues, o> ry the extension will be granted. yit soak euch crafts are evailable at those po'nts for imme- BANK SUSPENSIONS IN RICHMOND. | from ‘conta of sully" ones” brought apon is’ detauled Riawwonp, Va., Oot, 15, 1887. notes. the ’ and E ¢ Banks here suspended yes- Be eee ama havings somant. mnons a apply to 8 "Tustice of the Be: ‘The Bank of Virginia still holds out. jaring the BANK SUSPENSIONS IN GEORGIA. Auavers, Ga, Oot 13, 1867 At @ public meeting of our citizens, held to-day, the tire bank, save eha the Bu, banks were recommended to suspend spacie payment. has, ris perintendemt: All the bazks in Bayannah eusponded speote payments | Glas wiihin ihirty daye, Unter tho sireotion ot the Oa: this morning. porta endent, he into oash tte stosk and Pura & tite deimance and eecounts cf the’ bau, by private and THE PHILADELPHIA STOCK JARKET. efannda ond aooouns of the ane by ixtvald ana Puipstrma, his declares # dividend creditors, Btcoks steady. Pesnsytvania Fives, 88; Beading Rall | avioss the timois-enlarged by en order of the Supreme road, 18%; Morris Canal, 40; Long Court. This can not be done for a period exoceding ninety Poausyivania Railroad, = MOVEMENTS OF BREADSTUFFS. Atburr, Oot, 16—6 P, M, Flour isin fair demand at steady rates. Sales of 900 [odpm ae One verification by afiidavit of the bbls. Sales of 2,100 bushels Obioago spring wheat at lo" | Fire ce io see Cheng ponte the Corn is held above the views of buyers; for large parcels | jus asrots, cro: ntti Nabilities. Sabsequently, upom a Afical 760. tanked. The mostof thal offering will go to hearipg ofthe > partes, Sie tajanevion ‘may be mate i ; ry feclared {nsol reoal: 43 New York. Whiskey—Ligh; sales at 210, ppp toss g inet L ver td iw mals coc to be — ear pay 20) ve NEWSPAPER ACCOUNTS. Jered its franobiace, ' errr There ave the outlines of the provisions of our Banking law for the proteetion of bill holders and oreditors. NEW YORK. ‘Will s:ffloe for information at this j2noture, upon a tople INTERVIEW OF TIS GOVERNOR AND THE BANK | general interest. COMMITISB. Too bevke of this Siate, however, are kindly regarded [From the Aibany Journal, Oot 18 Merers Tilceton, Koapp and D mbam, the commit'ee ap. pointed by the New York oity banks, bad an interviow with Governor King end Lieuteaant Grvernor Selven, at the Exeovtive Chamber, at 7 o’clock Iasi ovening Measra. O cott, Corning, King, Schooloraft, Plamb and Kevdrick, officers cf cur city banks, and Genera’ Cook, Svnorintondext of the Bank Dapertment, were prevent. Mr. ‘terion, afier br'efly reviewing the atruggle which had rested in a surpexion of the city banks, informe? tho Gorernor that bis ccmmittee were inetruciel to ask him to conveno the Legislature. The question, in all ite bearings, then discusecd, familiarly and practically, until 10 o'clock, when the Governor, ex- | pressing himreif gratified with the opportanity of oonfer- ripg with enlightened and expericroed gentionen at a moment of grest public diffiouliy aod of impending gene ral distress, Minted that tbe diecumior of the evening bad elic ted Insircotive and accurate luformeiion; tbat while prepared to take any respous!hility that the disclarge of bia duy might invelve, wat averse to 8 oli of the Le | givlature unless tho necessity for suck call was 99 strong ap ‘en\ as to ovtain the sanction of public sentiment; that, thocgh vndetermined as to the coarse proper to be adopted, be would give the whole qaestion that oonsidera- io pis em, {ts importance and the com- men weifare deman: ‘TRS BANK SUSPENSION 4NO ITS CONSEQUENORS. (From the Alb. ny Jornal, Oc), 18 ‘Tho failure of the banks of this Sta‘e to maintain specie ew places them, in fifieen days by one process, and twenty days by anoiher. should creditors proceed agaist them, in the hands of the Fapk Saperin endent, and thence, If jadges deem It to be their 22 = bends cf reosivers. In this condition al! business furctions are ruspende1. These stringen’ peg] this summery proceeding, are presumed to be founced citer apca the actual or the {raudalent acts or irtert‘ons of banks. That any considerable numer of our baske weuld be thas proceeded against is not at all probable. Se ae end Habi to such yy would neces iy paralyss them all, serving effect to deprive the c unity of the facilities usually Gerived from banks bi! on. by Se eee oe © Oe Peaeralar retire ee mes tones which have overtaken them in common BTREBT SCRNNS IN ALBANY. [¥rom she Aibany Journal, Ox», Aten onusually early hour this moraing tha busines streots were thronged. Kuos gathered around every ing tan. day end the probabilities of more suspensions r. Grow?s collected at exch bank, and when the doors: opened there was a general rush of bill holders, sad im some csaes, Of depositors, for specie. at the ive hall was 19 deavely packed as to prevent for time either entracoo or egress. Some of these were faved Sepositors in the Savisge Bank, fes:fal of losing winter’s dependesco; but the greater part were idlers Jookers cn, amusing tnemselve: with tho scone, and unfeeiing joxce over it. Maholous ill advisors and chets were not soarcs. Ai the otber banks there ved mise a the teler's dk, all sugerythresting packed mags a: ‘ward notes, necks and bank books. rectus Tumor Ctronlated of the meeting of the bank President: and resolve for a generai suspension. The news fre, ness wea ate stand, end in topics banks, in the department,” “‘dovernor,”’ “gold,” ‘ne ’? euspension,’? * constttution,”* kop! order at the Commercial, and there disturbaz Indeod, the general fel! eathod more worst, There was lew enrious wi Dody hifuertusa Deen reoouatleg.diesiers 7 y ‘apprehensions. fiki Fei? i a i e fi ese ges z Ex: ie z i z a | Ly E z. ‘ll suspension. Another cons 2—and a mort sti Consequence ts, that ‘when ibe notes of banks rong A ‘the protest, the Superiutendont 11 require! to pro- ir peccrities, i) ad Uren ie ues eg & i went under ceed to sell i ly of : K i i a E g i i 1 PENSION ACT OF 1837. specie, it will be no to ¢ovise relief laws which wiil not be lisble to the constitotienal objection of “ganctioning in A manner, directly or indirectly, the suspersion of spe: pn pod The banks must be moderate {n their demande and lent in te icgisiation oh they seek, and trust to the forbearance of the aot cf 1857 was pasved on the 1fth of ‘May , ond entitled “An act ig for « mited time certain provisi:ns of jaw, avd for other par poses.’’ requiring or auth>- and procerdings, '1 coase notes or evidences of debt im ove year. Rul each enapra- yy Dank whick aball. d sald permease de bia due to suk bask, bank #n! en to, Be Provisions of individuals, and takes away the of saite apainst the banks. Seotion 3 regulates tne amount c{ cireniation which each corporation shall, direct! directiy, mong Fe mceubonears. ot vseuy person (ot tein, de interest cr profile wha'ever untill it sball re gome the pry ment of |e no es and evidences of debi in apeste. Section 6 prohibits the barks from selling specie at a Pifcction 6 requires mextbly statomenty to be made and subhiabed. Seotions 1 anc 8 re'ate to the “Safety Fand.’’ Beotion 9, potwithatandi¢ provisions of tae act, requires the Bank bom simioners to ‘take prompt and efficient Gope to forfets the carter aed wind up every bank which ttey shail a Iweolven\ circumstasons '' Seo, 10. The aot to ‘‘orntinus In furce for one year. THE LAW CONCERNING THE SUSTEFSION OF RAFKS. [From the albany Journal, Oot. 14. ‘The New York Snancial systom bas divided ite cares for the creditors of those banks whiok suspend the rode: tion of their circo! notes in specie, I's ‘ance day of April, under auch a0 s of Assem oly or of incorpo for the bill holders. 1¢ are put under the care and the | raion or re-inoorporalon, for or by reason of the Onupse tommary methods cf the Super'ntendent of the Banking aforesaid, or ang of them, are hereby remitted, apd go Depariment. The other creditors, lenders of currency or | muoh therecf as probibi#any back from making lowe coin, 4 ndent banks and holders of | and discounts, imuing tte own notes or the notes of other jor gmenta, &o., ke, are sent in aorowd tothe courts of | banks in under ihe Iaws of this Gominua Justioe v0 reoover their , thongh not specie paying or deciaring d vidends during tuapension cf specie payments, or from loaning or die couBur, the requisite amount of spe sie or specie fonde as aforesa’d, be, ard the same te hereby suspended until ibe day and jour ofereseld, ead aay such beak dertag svoh pen specie paymen 1 Sond re (imoust not exsceding six per thts act shal! exten also to refasai to redeom banks at two different jencies. The