The New York Herald Newspaper, October 17, 1857, Page 2

w a! the courre Of a week. The two buildings when compkted ‘will oust about $50,000 a Oormer of Twenty taird street and Fifth avenue, frst Glam brown stone residen ¥, usually em)! ‘oF Gftecn men; ba’ ape all but sdost rown stone first class house, ; all banas discharged and building ifs $E5 E i iH i MR. HIGGINS Palatisl residence, corner of Mth avenue Thirty- Bixth street; usually employed about thirty men; have re- duced the number to Ofteen. Mi. HENDRICKS, Bolendid residence, corner of Taree seventh street and Fifth avenue; formeriy kep! about inirty or forty men to Reve reduced the aumber to about bn0l or four- i FLETCHER AND WILLIS, BUILDER: First class revicen re, betwe-n Tairty-elxnia and Tairty Stress, on Fitch avenue; genorally employ about asa men, ai] wold; made uo reduction in the num MR, MELDaUM, Palatial residence, corner o: Tur y-eighth street and avenue; bas usually employed about twenty or Swenty-fve men; have 1educes the number to’aboat thir- twon, all told. MR. PEROY, New brown stone firss ciass house on Fifth avenuo, be tween Thirty eighih and Thirty piua sireste; uenally om ploy about iweive to Gifteen inen, ali told! bat two or ‘Uaree men at present at work el rut the buliding. MR. MELVILLE, Corner of Thirty nicth atr-e. en. Fifih avenve; umal'y have abo. ton to ffieen men, diecrereed all on Sat iraay Last, and euspendod wirk for the present, ip queace of the bard times, Mr. Melville nas als> under way four white msrble front houses, corner ef Madison avenue and Thirty seventh street, end three io Thirty seventh Btrect, pesr Medison avenue, ali pearly completed, on whica the neva: mamber ef com generaliy employed hat been abcut wiry. oe work {s Bow suspended aed tno men discharged, with perha »s two o* three exceptions. JAMES OWEN, BUILDER, Ercoting tWo Urst class orowa +soue houses in Fif have Bue, corner of Toirty eighth street,o: which he usually 6 ten Mr Owen hae recently dis- ver of bia mea and closed u> somo Gifiecn first cars balidinge whic be wat constructing sever of wolon are io Thirty-pirth street, and ara geariy com, leted. JOHN L. GREY, Pasisi reeidenos tu Fil b avenue, pear Tooth strect; aval y ewoloying avont twenly men; reduced to aboai ten oF treive. IN BROADWAY, JAME) MASON, Consirsciing a large boiling, for store purposes, cor- ner of Foorih etreet an¢ Broadway; usually exyloying about forty men, which number bay been refacod to dont thirty-four, end will be farther reduced on Sajur- day meri to about twenty five men, all told. PBRELPS AND CO, BUILDING On ihe pile former'y owupied by the fadernrole tn Broadway, between Worth treet ant Catharive lane. The ding Das bees suspended since Wetu ss. ellog ik yesvercay afergoon note peroa cout be found about the premiter of whom we cold qatber any ixforma'jon as to wo number of mea usually employed. MN. BALS*EAD, BULLDING large orick building asvally employ 5 ber reoculy ty abou’ thirty, ati \o OTHER LOCALITIZa. WaiON BUILDINGS, At the jarction of frirdand Fourth xvenuos, bolonging to Peter Cooper, Beq ; usually ewploy from forty to atiy andr; has redcoed the bumber at presvat to adeul twenty Give, all told. ‘WM. SOMFRMERHORN'S Privatc palatis! residence, at 105 Wert Bighteenth streci, Detwors Fifth snd Sxta ayopacs, ffly vy seveuty.dve fret, to cont when compirte, abou. 7,000 in additioa to tne ground: vevally enpiny about thirty five mon; nave ro dvoed the number about ten during the iest week, 10 902 sequence of some portions of the work vot belog reaay for tte. Mr Sobermerborn bad wbox: $50,000 tn the New ‘York Bank at the time of ils guspeceion on Tuesday inst, FRANGIB BE OOTTING, Constructing & m8; vident paiediel residence ip the rame street, between Fifun end Sixth avenues, with a front of fifty two fect by seven y fost rear, to cost when compicte about $60,000 tm addition to the gronnd; usualiy emp oy about forty or fifty meu, which number is now reduced to fen or twelve, all wid. MR. LUDLAM, Firm of Althoure & Oo , No. 20 We-cer streot, tron monu- facturers, constructir: & gplendia palatial residence in Kighteenib strect, on ine rame block as tho of mexars. Cutting end Sebere erborn, abou! forty by sovonty fect, to cost when compiets aboni B40. ver of men employed about twenty: preeen! number avout toa ME. GROAR, Firs\ class hoore in Cwenty ninio street, near Fi'th Bue; weualiy employ @rovt twenty mer; the ume: Deen reduced witzin the inst week to about eigbt men, al! wold. DR. PBOBIIAM. Two frei class brows mune fron: houses ia Bigh eenth mirect, near Sixib avenue, usually em loylog tp the ne Dorbood of ferty hands; present number from ten fifteen. 2 FIELDING AND RYAN. Splenc!! first cine stone fren auuee in Thirty fire tireet, pear Fifth avenue. urca'ls emoloy aboatt venty men, recently recaced to a! rut eig tt men, all told. LOBER AND DaVIs. Otder frst class brown stone front houses, urcally em loying ebout Ofiy men, which amber has noi yet Boca reduced. ‘WM. FANNING'S First clase brown stove {ont roriacace tn Thirty-eesond Mtreot, near Fifth avenue, usealy employing avout severieen men, which hee been reduced wo aboat seven, all wld. DAVID ROBBINS, BUILDER. Two very tine dret clase orowa sions from} houses in ‘Thirty-wecond sireet, near Fifth avenue, usually employ Bboui twonly men; present number about tx or seven. BUSPENDED. A large and magnifceni |'r.we #/one prlat'n! revidence tm Thirty cigtth street, nosr Madison arenas, ove toor from J. Anderson's paisce, two thirds oompleted, suspeuded all work, cloned u>, and diecharged aii bands & ay or two since. As nO One coald be found in the vicinliy eho knew the owrer's na ne or the nom)er of men usvally employed, we are coadie to give particulars. J. Le SHBRWOOD, In Madisop avenve, wear Tolrty six 0 stroet, usually em- ploy» about thirty men No recneton as yot. RO. J. LAMTLTON, NEW YORK HERALD, SATURDAY, OCTOBER 17, 1857. care & Hille aheagen, than suai, but all other freit is | active, shrewd, and onterprisiog business man, and also Wo be discharged from these branches alous. THE EFFECT ON TRADE. Jaume Gospom Barwert, Eig Drak Sm—In your reporter's acount of the Jersey City fact ries, we are very much surprised to find thet our “ ebemitca! worka’’ bad its sho» “ closed up.’ Some of our irterds might suppose that a dire calamity bad be’sllen ut ‘m cor bosiness relations, which, we are happy to state, t not yet the fact. Though our business is much de; Brite eed ar street, we are doing # fair busioces. bad enough to auspend, fail or assiga when it takes place; but we are Rot as yet we Dolieve on the “ blue Iist,”” and shall try wot to bo. Yours, respectfa'ly, | THOS ANDREWS & UO, New Yorx, Oct, 16, 1867. THE PANIC AND THE PAWNBROKERS. ‘The pending financial pavio which now convuisos the enterprise of the entire country fe not without lis effects upon the pawebrokers, ia compelling thore who have means of own to retrenoh in the extent cf the loans thoy upon collateral, and practically stopping the operations of those who loan upon borrowed capital. ‘Those who are possossed of means, if the extent of the Dusiness exhausts tucir ready cash, in ordinary times re- plenion thetr treasury byjloans'negotiated from private capl- talisis, and which are readily obiained ona year’s time at the ate of one per cont per month. The usual interest paid by Persons who borrow email sums from the pawnbroke to per cent per month, though in most instances more {ban (nie is made by their being compelled to pay @ fall mcnths’ inierest, though they redeem the pledge two daye after the month iz commenced, and also by the profs shat accrue to the pawnbrokers upon the sale of unredeemed pledges. In the ordinary coarse of events, from the first of September to the first of November the pawnbrokers have large sums of money on hand, proceeding from the ‘amount of property redeemed, and the usual activity ip the industrial and commercial branches which prec!udss ihe necessity of socuring advances on collateral; but at the present time, growing out of the disorganized stale of the Mnsncial affairs of the country, not more than ope quarter of the amount of property wrually redosmed te taken up, and whilst the demand for smati loans is trebl-d, end for large loans qvintanled, becuse of the large anm bert of persons out of employ nent, the amoust of monsy giveo oa pledges is not more thang third as lareo ar ordira’y, because the parnorokere haye no merns are availabls, and of the s.bility to eeoure loans from capitliets. One of the leading establishments in this olty, which venaly bey Otwenty thousand doles lying itio at this © year, hes How an empty treasury. Coeir naval redemptions are $600 per dsy; now ihey do not ayorsge $180 The average amount toned by them at this sme, ip amounts under $26, | day. but for ‘waat of metre they are anabie to Bat few are avae of merchanig aud Ddusiness = men of tre pawnbroker in their peounie and it is lee remarkable thet on they are eoablod to nog vilete loans npon better terms (9 cause of Cepoeited coJaceral) tan they can ta Wail sires: Sh rt loans ujou what arc considered good secarisice ar often made in ordinary t) nes in Wall street at fire per cent per month, wuils. pawnorokera reléom charge over teoendaballforthree [its not an unfreqosst oo referred to mdove to loan # varying (rot 1 to ten thousand collars om j3#- ower walus ole property upon taese (erme, nnd t 10 joations for money in large mame, mt thoir oranter alone, now reach $6000 per a.y, six ti uansl, Neari all of sheas epplieations they torefure for the want of money; re com alled to fifty per cent below ine us Awatoh, upon which, #x months sine y rendily $25, "they will noi give more tin Sle cr $13. loading ette>iisbment, 12 0 for 45 bolog tue usual At ibe auoion +n e8 of upredeomed pledgor there Ut ts usually @ brisk competition tn the purchasers, two weeks ri0ca, a1 @ Eewnd-oKer’s Sale—G10,.900 worth of watches, jewelry, diamonor and biji desiravie @ lot a eur ever offeret—the-e were few or no buyers, and Afier seling $150 worth wt a racrificeétuey were compelled elo—the prices real'z xd being 40 per cent les times the present demands fur mocey a the vawEbrokere ae from tne lodastrisi olasscs— mcoanics, ladorers and others, who are thrown out of emrioyment; the middle clase, a iadicaisd by that fact, pot yet feeling the pincuing of want SENSIBLE TARGET SHOOTERS. By reference to our adverttig columns {t will be foen that several target companies who had mace preparations for a day’s shooticg, have povtp:ned their xcurticn watli @ more favorable season. This is as & shovid be. It ts @ very absurd thing for poor men, with the certainty of © hard wviniensbefore them, to spend their money in paralng and arget shooting. Of course it is wel’ enough for the members of « companies as csp afore |i, out targe\ shoolere are now genersily rich men. oon thelr annusl excursion, but in view of the hard times have onesimourly resolved io stay at their poste siterd to their usual daties. Good for tne Ninth ward Tee Nunth ward police did inwend to | ad | Police. bat ol THE DRY GOODS TRADE. The wovemente to the dry goods trade have during the week beep almost atspended by the panic, which seems | to bave passed tts culminasion with the suspension of the barks on last Toesday, the 19th inet. Jobbers were ovm- polled to pause in thelr fall trade to await the finale of the — pevic in the ultimate action of the banks, Yorterday, in consequence *f the greater equalisation of currency, which bad led to more or lewg improvemen} in atl other Copartmenta ef trade, there wat more cheerfulnees manifested smorg tbem, aud the first rosuk aatieips'e! was better collections from the amelioration of the rates of exchtnge with (he isterior against the city; while ia crensed porchasce would be made, for cash and short good pacer, io re slenieb stocks in the coantry. Attempts at collection among farmers at the Wost for a month or more past bas proved exceeaingly dificult In one case 8 collector for a city boure war sont to tho West to mi coliectiona, who aiated that It was almont !mposstble to got ydody, and shen drafts were oTored to him w York the rawe of exchange were almort ruinous. 1 000 hosd of cate which he w K marcos, sui puluting wo fisid, ays ho, “You can go ratte | among thom te safil sient and forward them atoscs tw | fas been simos spoiled by the treubled stx’o of ibe mouey market The auction sal exceyt for cach, aud in artall way coased, and the goods brought the banmer for cash, were sol! at very low prices—far below (20%0 Carreal eo0at a mata or two wince The foreign dry gox's adverdsed within the past eck or two were mortiy withdrawo. The last sales of resiownce ie Taurty sixth street, be taually employing from six to vight men, reduced within a few dare to two, wll told. Ave our, Paiatia! revidenes in Fourtn arenes, corner of Thirty wer eel, waulch has beew pearly two yeare under wey y bar from six to cight mea engaged, which Ge present number. CAPT. TINKTAM, Priatia! reridente cormer of io iriy eighth Furth aveoue, osually on the corne of Thir- ty seventh street and Fourth svense, © sdout fourteen or ifeon men reduced the (OF #0 ago Wo adoUs ton. MR. SMITH, Palalie! residence o of Thirty foorth street snd Madison avenue; urn bor of men employed aboat ‘Aeon, no reduction BREN, Bplendid (i-mt claea reeison 2 in rhirty fourth street, near Buch ¢; usually employe about twelve or Mien Men, 00 reduotion yet. MACAPITULATION, Preset No. No. Ditch. Mauldery street Mothosist Chareh 1 “3 33 Fremoh stholis Ober sh... 40 8 2 Germar Uninoiic Uru ct ° 0 » Dr, Spring's Brick Church 40 Bs ‘Tabervacie Choreh 8 6 Dr, Monks Stophiepren, boure 16 5 m8 » 30 7 be 6 a - 30 18 - 80 15 16 “0 u w 5 % - uh 18 12 16 4 1g 4 = o 16 ty — Peas eonrs tee 12 a ‘& Oo, buliding ....... 49 of f hote! oseee 60 ao 2) ‘ es ” ub . 36 oy 10 69 1a 8 2 10 ” - 20 8 19 + 2 8 la .# 69 - a 7 10 . 2 7 u 30 » = 8 8 - 2 4 fl w 10 6 ib 16 - ib _ Pot... - ¥ 655 24 eRe ober of dechereed nor koow! In mab'oe Up the above table in each onee 1h was said, wore dirpoved of at rates below ¢ cost of production. Goods arriving generally go into eponse and foreign commignees Dave bad goods re- tarped .o hem, being coaalonbls except at aloes. For Orders har Of Jate ¢ m Oot, aad many ovhers previoaly 0 beon either withirawn or cxrtalled. Maoy tere believe from Uh's contractiot thet stap'e be higher port winter and sprirg toan they are present, A large accion hones med us that they wace all thelr payer payable tm New York; hence out of tora buyers bad t> moet thoit paywonte bere. They sated cacea in Baltimore of merchaute who hed Submitted 10 enorm us eacrifices tn the way of sont ing forward fants correst to New York. Those hoares woich bave largely shared im the cliy cash yosril rade have boon woll suswieed. This cireumstance bas wndored prominen' wholesale houses to throw ope. thelr stocas to the retail trade. Tals coarse was Grst irisd by Merare. Lambert & Co, and was found to work a9 we! that it wae followed by )fervre. Bowen & MoNal | Suc¢en movement on ioe part of jobbers, who lnreety hither to to city revall merchants, {9 strongly cm | cemmed vby the later, sod i¢ crusicered t» be en unfair | torn in te trade, It was believed that the movement wocld pot Inet long, and that the pariies ongaged in it would efon get tired of the experiment. A good desl of pear country trade is expected to 4 cowte of next month, Railroads pow ep over nearly all months exept one or two in nu mideommer, the spring and fal) monthe bring as usual tho beavicat. FAMILY MARKETING. ‘The frotualions tm the money market and tho tightness of the times reem to bave hed no appreciable effect pon the market prices, Stoces may go down, but the price of meat doos not; and though flour is cheapor, the baxers’ breed romaine at the fame weight. Toe mest market shows a slight decline since Inst week. The vuriation of priset at the cate market seems to aifeo the rountl rates but very little, A fail of two centa por ib. ch the price of cattle inakor no difference in ths charger | of the batebers who pots the difference of price in bis pocket, As farmers want to winter only their best siook | toe poorer sort are ment to market, and thie makes rough mente trifle cheaper. Prime cus are Grm. ‘The gume market is now boginning to assame imprr tance, and already we have woodevck, pariridgs, teal, | binew duck and wilt pigeons in abandance Very von | venison aod canvas backs wi | be @tong, and ail the gene Reo em bo bie ms which is the Gaest io the word, Pow!try \s beginning wo got chen ser. Fis sho> ts grati(ying reduction of some two seals on Whe pound as compared with the prices of last woek Rvery variety of fish is dorn—a fact as gratifying to the Goalers a2 to thelr cvetomers, for 1h hae been remerked that people will not boy dear fieh, though they mast bar meat at ai any price Even the hove! and large boarding house keepers rofose to buy Heh when It te dear, Fine frees fon ie es (6 Come into market—peron, pote © Poor peoole, in search of bargains, should the fish market ‘bat lite new to note In the prions of vegetables ‘Thia ia # me when prices sland till, Ap w u 19 u u 10 0 i i“ 1s 1 t Tail wise THE CAUSE OF IT. ‘TO TRE EDITOR OF THE HERALD. With every element of prosperity all around us—with ‘an Lmmense influx of gold from one pari of the nation and of cotton and breadstuffs from other parts, we are sud’ denly in thefmidet of one of those financial revalsions which tnfl ot on the whole country wideepreadrain. May we not fearlessly inquire into the causes of thi:? Yaceert that one and @ main cause is to be found in the ‘ac fon of our Danks. ‘The Inflation of the currency from any cause alweys rtimalates speculation and augments prices. Every body bas therefore seen that the great increase of gold within ice lot ten years was such an inflation, and therefore there bas been a general expestation that a revulsion would come, When 1} would come no one could say, ee anes 1} appeared every one said “Lo! it ts upon Prodent men anticipated and prepared for it. pradent trus’ed to luck In whiob clare were our banks? ‘They, & measure, controliod the currency. In this Gity viore they loaned apd wore croditor: to the amount of ope hundred millions end over, and had that power over the welfare of our . Have they exerted that power wisely and well? Let rs gee. The wclence of banking is eimple when divested ofthe eobn’ haly whice those intorested scek to throw around {k, For tostanoe, ten men combine to eatablieh » bank, and pay in $100,000, Thy invest $50,000 of it in State stooke, which they degoat: to toe Siate treasury, and obiain loave 9 teave $60,007 tp bank oitle Their neighbors deposit wtin them jor tafeck-e tog $100,000, Tons they neve $59,000 of capite:, $60,0°0 in dank bills and $102,000 of deposits, maaicg tn a1 $200,000 in thelr vaults If they loan the whole of it, they get seven per cent on $200,000 in reture for their $100 000 invested Hence their pro it, But their $50:000 lie amd $100,000 of deporite is liable to bs oaiied for y moment. If they have loaned ‘out Bll tbe $209,000 they can’t meet this call. Taoy sero. fore mont aiwaye Dave #oraethiag on hand ty mect it. And what they do keep om band ts unprofisple to them, be- cause tt plolds (hem no Interest. Bence tbe prudent bant will keep a large proportion. ste amovnt on band, even at the expense of prodt; whils the impredent or ‘averisious ono wii! keop as ible as posatble, in oder to enbance tts profits Now tn which of (hese portiions have our barks besa’ ‘The queaiion is an imporiwut one, because if they have been wixe ana prodeat, hey deserve car support, but if y bave been unwise and improvidsnt, or have yleldat to thee cuptdl'y at the expense of the community, in whoee bebaif they bave exerclsod the eoveretgaty of form- ing a currency, let th: moet the reepoaribilli7 tha; be- lonas 0 thelr coaducs. ‘Tee following tabie, complied from tho bask returns of qaomion. in mind that the banks tbe 84 of Octover, wikanawergnis To underrtard !t, we mast bear ‘are able to pay op cemand the amount of their ctrouls- tion and their denosite, which, added together, make to of their Mebilty to payon demand; and tais i how tp oun: jubers whet provortion of such Liabitity each bank had {a 6 :este at that tices. ‘Tre im- (From the Naw Youx Beary Money article, Ost. 13.) Banks Specie. Isab'y. _ Banks, —Spacie, Liab'y New York......81 95 Repaviio ....8l 86 1 8 ie 13 :1 8 ae 8 7 9 ‘ 10 1 é 1 9 1 4 1 2% 1 6 a 7 1 5 1 16 1 8 1 18 1 9 1 6 1 6 1 16 1 4 1 10 1 B i iz | sooo) if Sagi 1 7 Oriental... 1 WU a 4 1 8 1 9 1 9 1 6 1 7 a 6 as 10 RS 36 :1 10 7 it xy Exchange. i 3 et 5 Balle Head... 1 ia 1 s-12-:*N. ¥. County 2222 ® the whole at that date wae one dollar of Frecie to seven of linbility. So that there were tvonty of the banks who bad wat eversge, that who had $1 or more ef specie to every $7 of itaollity, while there were tnirty-foor who hed not as much as that. Now this shows wo things: First That an evorage of $1 to ST was sot enough to prevent the suspension. Sroond—t sbows which were the feedio banks, or in ether wor on of taem had omitted to provide a su. cient bas\s 10 stand the storm. Take for instance an Jiastration among the banks out of tho ptreet:— The Chemical, with @ liability of aboud $1,100,000, ed $927,000 of speoie, or about $1 10 $4 The Bowery, vith ® lishility of about $900,000, bat $21,000 of spools or about $1 to $36 ‘The Chemica! stands drm even yet,and the Bowery yielded to the storm. feko rome illustrations in the street — ‘The Merchania’, with a Habiiity of about $3,700,000, had $1,116,060 of speci, or about $1 to $3 Bank of New York, with « Hablity of about $2,480,000, Pad $598,000 of epecio, or aboat $1 to $3 be National, with a lability of about $1,200,000, had $416,000 of specie, or about $1 to $3. Toe Mechanloe’y wita « Habituey ‘of about $1,909,000, hed i) the longest and whicd oven no: wDove proportion of specie to lability was as 1 to 4, or nore than thet. Which are tbese which yielded most readity, were most clemorous fer » And the most reasy to run to the Governor for help? Those whose proportion was 1 to 9, or 1 wo 8, oF 1 to 30 oF 86, snd #0 om. Can any man say that {t was prodent for any bank, with eech an emergency ponding over them ail, as hat been pending for two or throe years, to bare ont 5, 9, 10 (° 20 Couare of immediate Hab. tity, for every dollar of ad- (qoate [ane provided to meot it! Let us look (aie mater in the face. Twice, now, in twenty years wo have been plesed in thie condition of sur. pension. We bave guarded so far as ciroulati concerned against the banks yielding to thei (be expense of the Community, Can we no; to woman And dios not th in regard ) fect that the $1! Of apecte to $4 of Hability can stand firm hid such a storm, indicate to us the proper remedy’ TELEGRAPHIC DESPATCHES. THE FEDERAL REVERSES. Wasmurctom, Oot, 16, 1867. ‘The receipts of the Troaeury for the Invi ton days have Amocnted to only tix Pundred thousand dollars. The de- kee the fefcioncy estimated for by the Meaain olde d. Movey masters are rapidly improving bore, and stocks ere again going up. STATE OF AFFAIRS AT TROY. tror, Oot. 16, 1887 ‘The excited atate of pabilo feeling copcerning the m: tary premwure has aire dy, in great monara, aabsited tm this eeotion of the conniry. Oar business community was extremely animated, and nleed feverish for several wcokt anterior to the eenouncs ent that our banks woal curpend specie payment bate soon ag that contingency wea deeme: Inevits)e, and the fro) iwelf was prociaime! Mctaily by the heade of toe diferent Lanking institutions, sno wnotficieliy by the Mayor, in an appenl for the exer cine of forbearance on the part of depositors ant olhere practically taterested, all in a moroont aa it were, became Wangoll, and fh wae untvorsal y foit and expressed that Dar gor's troubled night te oor The eta’ of poses returned, Tho bank? of thie c'ty ot!!! continae operations apon the rreneral basis adopted by similar Inaiitations throughoat the Mate, in all reepects the seme as horetofore, with the exception that they resolutely, in accordance with thelr agreements, decline relosming thotr own notes with @pe- ole. There is one oxcepiion to the above statement, which refers to the aifairs of the Troy City Bank, whose bile sre thrown out here as well a in Now York So fer se 1 cam | aesertain the fects, they are mnbe\antially aa follows. The Pros dent of the froy Oty Bank 4 Hoe. George B. Warren, an father of George B. Warren, of the firm of Herrington & ‘Warren, wool dealers, whose euspeation was anhoanoed some time since by telegraph. | understand that this firm ‘fare indebted to the bank in the sum of one hundred thou- sana dollars,and thet in some way or another large ad ‘vances have been made to anotber son, John £. Warren, Baq., Of &. Paul, Inte Attaché to our Spanish Legation st ‘Madrid, and an author of some note, but who is at present extensively engaged tm banking matiors at St. Paul. ‘These, with some difficulties of a minor mature, have con- spired to place the bank under an apparently gloomy cloud, but the hope, allied in maay to the stout conviction that tt will safely emerge from tts temporary embarrats- ments, is every where expressed, and by none so ardently and persiatently as by the officers themeclves. is present circulation reaches ninety thousand dollars. Ample evidence that a botier state of moroauti'e feeling pervades our business commuaity isto be found In the faot that more paper has been discounted by the city baske ‘within the current three days, ending with to day, than in all the six weeks provious; and It is confidently believed that a more accommodating tone will, in future, character: ‘ge thom. From Washington cousty I learn, upon good authority, that all of tw seven banks, not having gone througa with the formality of a susponsion, silll continue specie pay- ment, although it is proper to add that but one rua has been made upon them, and that was one of a | undred dollars upon the bank of Salem, whioh was promptly mot. ‘Tho probability is, that should a heavy run be made upon ‘bem, or any one of them, they woald immediately fo'low the example of the olty barks, and suspend specie pay ment at once, THE CASE OF THE CASHIER OF THE AGRI- CULTURAL BANK OF HERKIMER. Baxxurea, vis Usioa, Oot. 16, 1857. The Grand Jury have dismisred as unfounded all the complaints made against Harvey Doolittle, cashior of the Agricultural Bank of Herkimer, A mosilog of the dirco tore and stockholders of the bank, rep esentiog four fifths of {ts capital, bad previously unanimously certified that the cherges were usfoanded, end that they had entire confidence In the receiver, and that his appointment was mecessary and judicious, and that they requested his oon- tinuance. THE MONEY CRISIS IN MASSACHUSETTS. THR BOSTON BANK—ALKETING OF BOSTON MBROH ANTS, r Bostom, Oot. 15—P. M. ‘The Marsachusectis Hank at the meeting to-day united fully with the other dante in tha susponsion, It is said though this bank cetenaibly held out yertorday, but it only redeemed {ts emall bills. : There was very little movement in stooke to day. All Gnanc al matters remain q siet. ‘The susponn n of Little, Alden & Vo. was published to- day in the Journal, Travelon, and wher moraiog papore, bu; their suspension ts dented as per the followin; Mr. Edmands, of the Paoifis Milis, publishes « ing for a revewsl of the oDiigatious of tne corporation for | ix monthe after meturity, under which arrangomacis, h #, ro creditor can loie "by them, as thelr property is sp pie and their mille can be Ikapt in oporation. Baesrs. Little, Alden & Co. are the ovlliog agents of the Pacitl> Mills,’snd bave not suspended, aud will not if tho Paoto “tlis'can obtain the extension caked for, hey havo very limited Habilities in this comtry. Boston, Ost. 16, 1967. A mooting of bank directore and leacing merobants was held tha forenocn, a which tho policy of an exteasioa of money facilities wae discussed. Mr. WM Areueton thought that the banks might safely increase iheir fons to the amount of that of iast august— about $23,000,000. At the present time they amount to about $40,000,000 Mr. Naruay AprLstos expressed similar viows, Meetrs. Lawn and Hat, for the bank ofloars, expressed their carngat demre to sot, 60 far a thetr present poslitoa would jastify, for ibe relief of the business community. ‘The meeting then adjourned ti to-morrow morning. Ths mopey market remains culet, aad erorybody ap- pears to be waiting the result of the suspension. Stosks show a little more activity. The specie brokers are roatizing small gains, gold being plenty at one per cont premium. HON. N. P. BANKS ON FINANCIAL AFFAIRS. Bowtox, Oot. 15, 1857. ‘In the face of « drizz!ing rain and thick fog Faneuil all ‘was crowded to night to hear the address of the Hon. N. P. Benks, the Republican candidate for Governor of this State, on financial agairs. ‘The meeting was a political one, bat the announcement that the distinguished gestieran would devote mostof bis address to the causes and remodies of the present all abeorbing financial convulsion, filled the hall early with people of every shade of politics and social poaition. Hon John A. Wilkins presided, ani introduced Mr. Banks, who was received with the greaisst enthusiasm. Mr. Barks commenced by saying that when ho engaged to epeak in Faveul! Hall, he designed so speak on the sub- ject of the policy of the Staie and nation, and not on the great monetary crisis which had been brougat upon the Couptry ; the distress caused by which it was impossible to pass over in silence. He complimented the men of ths city Of Boston for the courage anc vigor with which they bed met the storm which had so suddeniy broken upon them, and for the union of interests and parposes employed | to fond off ita ovil effects. Tho steadiness of their position bad sustained the business character of the city, which was ber chief honor. Kecurring again to the Banks said that no one could possibly avoid a sorrow and distress on sccoun’ of the the monetary cristae had ocosioned, what been the result of fifty years of close at ution, great in- teli gence, and nowearied industry and frugality bed bson dissipated tn a might; and in the wasing away of the great commercial landmark, there bad been a corresponding ‘wreck of other tnterens. very one must feel a sy: for labor without emplcyment and support; lebor ouseless unexpectediy, with some reason to fear thet the coming winter it would 9¢ Dreadioss, With ali ine tt a Jone cunseqvent on tne crisis whi enterprise of oar merchants, eoonomy of our families—!n fact all persons would tefase into the condi tion of the country confidence whi: would enxbie usin a fow mouth to arise fro fast bi | of specific for ad valorem duties il i is ry HH ri i: z E i year, instead cf en acmmolation of $30,000,000 ia ‘ressury. In 16571! wouli beve relieved the manufac uring interest of $8,000,000 each year, sud ho 2 of the burthen of the dnties paid on their imports, of $4,600, These teo items of reduction from the two youre tpg 1867 would have showa a difference of $28,000,000 saved to the people, ipstexd of boing ta the Bational treasury. Such was the oharacter of the moa- sure of Mr Geer with wat arsatied ou the ground thas it was a depal from the principles of tne aot of 1846, anda protective measure It wae da’ tne a? protection mer! jaatry, an view, thet it was like every tari? which bad been established since the beginning of the government, and that it improved the example so; by the Bations of Europe, and was a move nearly approaching to free trade. ks, after explaioing the provisions of the Sygiieh and French tarii!, said that almost the last pub- Mo declaration made by the lats Sir Robors Poel, in Parlie- ment, was, that iu a service of forty years he bd never approached the enoject cf the revenue ‘mporte wilbout on- deavoring to strengthen the principle thet raw mstoriais should have been furnished the manofeciurers (ree of Robert Raaloul, the most eminent max of bis diy for bis knowledge of matters of trade, in nie spoecb in Congress, in 1851, advocated the enlargement of the free Mist, and the admission of raw materials as an clement of freedom in trade, and of prosperity in American industry. But the true character of Mr. Gathrie’s measure was not to be determined by the aepect in whic. {t was regarded 0 a free trade or protective measore—for it migat be made eliher, as the government chore—an! in whatever direction it moved it would not jeare the industry of ths country to the ccnstant apprehension of change With raw materials a: mitird freo of duiy nosystomo' re Venue adequate wo the expeares of the government could be adopted which would not leave the catablished mann. factures of this country 'o mest and underse!! any oiber People tm the markets of the world. Toe tempiation in 8 period like th! ir. Banks sald, was strong to reour to the ancie at prin ‘8 and counsels upon the subject of protec fon, but it would be well te remember shat aay ex- treme measures adopted In @ crisis like the present #ocld be overthrown by the return wave which comer bank ta @ season of great prosperity. What the industry of tne country necdod moat was stability, and tais would bo most certainly found in the orinc ple of the adm asion of raw manule material free of duty, with e100 incidental Protection as might be euperadded to the tmaport of mana- factured articles as would meet tre expentes of the go vernment. That might be twenty-five or thirty per cant or more,as the people determ ne The stedility which Industry demsnded ooald be ovtained by the substiiasioa There were # bundred or two hundred a ticles where epecitic duties coud be substiteted for ad valorem without dewiment to the tstorests of the country, and without a departure from the pripciples of tucidental protectioa which ba’ been re Cognized by every tariff since the Revolation. Mr Biwee tosanced the article of iron, wbich bed risea from forty- six dollars to seventy-two dollars in five years, aa a: ar tole on which an ad valorem duty was essen Were mony others, be sai, iu tbe same category. Mr. B Continued to demongiraie (oat the manafecturing interorte of the country © right to incisental prosciion. Ia 1190 they were confived to the heath mones of the ple, but in 1867 they involved an inteest of fifeen hon Gred millions of colars This prin.iple had been recog Bived by the tariff bill of Mr. Gavarie It bad the sanction this country fix'cen millions of dollars, withoat to the country, ard relieved the t-wasary of ite accomu lated 9; Mr. Gath bill ed the ap roval of the President, And how did 1; fail’ Tas Soutoera men apsailed it as © mensuro of croted:ion—wa do jare from the principle cf the act of \84f ment faltered iw te sapport and the public sud Comgress had ihe Nedratks bill insieas of the tari fasion. entry from that dey ‘The mavner in which resident Pierce retired wn of the tariff biliand the stops taken with Wat object were describe’ by Mr. Barks in atriotly bistortoai shape, with the most tem porate ex- Wo the * {lect of thts policy on tne sonntry. the United Sta os hed not more then Acutrican trade, which was princtoally but lef: tt to @ mono oly by Eagland and ‘ne roct proce! policy adopted detweoa (evade was reviewed in speoifis detal', vaniages over the more narrow policy which affected us to our relation with our South Amerinan Beighbors, The policy of Mr. Gathrie wonid have giver vs all we required in the iaver imsiance. A question 00 the poiicy of giving land qraate to railroads, avd on the Sectional meaner ie which ihe grants wore conferred, 08 copied the speaker for neariy half aa honr. ome tho cwrenoy, contraction, s# the immodiale cause of oar ‘The expenses of the governmen f tbe cousiry on axe vat the slavery question, were next alluded to. He said that the people sna the goveroment were blind, deaf and dead Wo every bing involving their ch>racter, and #cuid romain ery were the late, (he wore sito al u) rate Iapguage; and Mr. Wanks very eloqueat apostrophe 10 the RUN ON THE NEW ORLEANS BANKS. New Onieans, Oot. 16—P. iM. Tee run ocntinues on all the banks except the Southern: and all demands are promptly met except by the Citi: us’, ‘which pays specie tor its notos but refases it for deposit The cther banks are expecied to follow the same course. The great excitement in the middie of the day has now subsided, but the run will probabiy continue to-morrow. No failures are reported to-day. None of the suspended i In _gpocie. oly an toed Gaertn nee i f g 7 condit! yw at present tran in 1897, a! the people tn wae groavr and the feoling In regard tothe of hostility tothe banks was far loss. of men—ant ‘also according to monetary affairs. A fow loeal sg facts obrervations Mr. Banke had i on counection 1; might be aid that if this deferred another two monty it would not hve coourred this year. An opportaniiy to hare rane ported the agricultural products from the valley of the Mis Sieeippl, whion Pad yicided neariy double tis asasl value to the Atlantic coast, would have ooxstituted sacs ‘wealth as would have ened! erchants propia agains) them. Tl was, therefore, ta ber to bring ft about Among ober things the facta were to be recognized that the government of this country wat « powor: that the fovernment had both an open aed tact Iniluence—it hed duties which it conld not avod aod resyoortbili tes which i bad to meet Tho common opinion that the inflation of the corrency was the ale cause of the extrayagnsce of the times, boi | tare and in trade, must be anon with some qual There wore other and dearer oases to which we o prize exiravagance tm the extent of onr fat also aitribare arrenoy. Paper It cannot endow linsit with lite, whether it ls produced by the poople or by the g vernmsat. Measures may be devised to g!ve the oarrensy uf tho oom try @ gresier stability by limiting {te Iseves upon ite apeaie There wero fifty millions of dollars of bank nove in ctrovletion of the denomination of fire Aoliare a dor, and wo Vine wee not far distant when Wore woald not only ateribule ead m it cond not go alone. bot @ vitality most bo imparted to tt, be & ooneu: that will tend to the subttitedon of gold liver e people for the small notes thoy now hold peneacion for their Iscor, and that would more any oiher eves to give sia Te Pt i ry FL banks have resumed, bat thelr bills are taken at par in wade, THE NEW LONDON BANKS. New Lospas, Oot. 16, 1857. The New London banks have not yei suspended specio Payments. There is no excitement hore. THE BRIDGEPORT BANKS. Barvoaroxt, Conn , Oos. 16, 1857 The Cosnectiout, Bridgeport, Farmer's, aud Pequoamook banks of this city have euspended specie paymou a. THE BANKS OF OSWEGO. Oswnao, Oot. 16, 1857, Luther Wright’s Bark does not open at ali to-day. All he oper banks pay specie, as usual. THE NORFOLK BANKS. Nonroux, Va, Oot, 16, 186 Tho banks of this city all suspended specte paymonts to day. DOAN, KING & CO., OF ST. LOUIS. Sr. Lov, Ost. 16, 1857, The alleged failure of Mossrs. Doan, King & Oo, and Oolline, Kirby & Oo., of this city, published in the Now York Zzpress of tho 12th instant, on the auibority ef pri- vate deapaschos, 1s authoritatively oontradicted There baa been no foundation for the assertion of the xpress, end these firme are regarded as amongst the mosi respon tibia houses in the olty. PHILADELPHIA STOCK BOARD. Protapr rata, O & 16, 1857, Stocks are dull. Pennsylvania State fiver, 82%; Road. tog Kallrond, 17M, bid; Morrie Canal, 38; Long island Ratiroad, 8; Pennaylvants Railroad, 35, MOVEMENTS OF PRODUCE, Burraro, Oot 16=1 P.M. Flour ta firm. Sailer to day 1,000 bbin., ab $4 04 9 $5 25 for oxtra Wisconsin. Oblo and Indiana whest bas ad vanced, Sales 10 day 6,000 bushels, at 800.8 820. for Chicago epring, and 860. for Milwaakio club, and 81 124 for white Ganads. Corn is flemer, with s moderate do tmoand. Sales 7,000 bushels, ab Bic. Oata quiet, at S60, Whiskey, 180.9190. Froighte uncbanged, Imports yee terday—6,000 bis, flour, 67,000 bushole wheat, 8,000 bashols corm, and 11 000 bushels oat, Kxporte yostorday = 2,000 bbls. four, 88,000 bushels wheat, 18,000 bushels orn, and 8,000 bushele oate, Oawaao, Oot, 16—6 P.M. Flour qoiet, Wheat in better demand. faics 7,000 ‘buahela, at S40 for Ohiongo «pring, $1 for red Indiana, and $110 for white do Gorm quiet Freighte dal! ant an- changed. Onnal exporte-—5,200 barhels wheat, 00 do. barley. ‘Nesenal, the Ton, trom oe jearn, verte. oy hove oot et their business bas aggregewd | 0 ws 000 menage par day— making © grand Win of 6,000 mewwages per day camt from and received im the city. This immense and sagre codeaicd proieure of private bustoces apen ths lines Bas UBAvUIdadly COCABWwoed erme IRC 2s rem.cooe to ibe prem, te proweete tome who have cocasion to use the wires will be as prompay THE GOVERNOR AND THE LEGISLATURE IMPORTANT 4XGOMENT BEFORE TES GOVRaWOR — his Rxodleney te Slate would prove adeq Boy legislative aitcmptte impair exieing ™ jo exioting evils. It wae ona our moneyed inrtit tiome, if mot needlessly | with, will speedily adjast thomecives ‘das #, ond that any atiompt by stop |», c mirivances (> cvade the Coustituion, either of this tate or'the United § ates, or impair the y of fetiing ® percicious example not ouly \ our © bu; to she governments of the other 8 ace. It wes for oar con end y proposed meatare of relief to banas inevitably followed by similar demands for re lief from the whole debtor community, Ip copeiusion, & was carnes ly contended that if peblio faith ¢yaid no # be firm!y mainteiped 'm scrapuloatly observing ons dtational chitgations confidence woud soon be restored, and Bat tue property of the coontry, although it might mot fully regsin ite fo mer pi would neveriheiess attain arearcnabie and just vaine To these views bis Excellency gave mort respectful attention We unerstaud that his anrwer to those gem tlemen was that he saw po pecesti'y for coxventag the Legtelatare for the p bat woul, neverthoioss bold the nubj:0% open for advisement, NEW YORK. MEETING OF BUSINESS Man OF KYRACUSA, N.Y, [Feom the Syracuse standard Ost. 16. The ubpension of cootions ip Individual cases, but {ntimete are the relations of thaze fiir f'utions thal whee pe i tn trouoio all ere mare or leer afcciet | The cous ¢ stood man: ¢ pressure until Now ity gave way; then no alternative was loft but to follew the example, As noon as this stnio of things became apprrent to the ‘ business men of mur city, call wee istaed fore padilo’ | meeting to atzembie in the City Hail, on Wed cosday vane ing, fF the purpme of considering the aspect of afairsand devising nieasures of provection. kargo numbers assem- bied—the hail betng comoacily Ol! ‘The meeting was called to order at 7}; o'clock by D © Saimon, on whose motion John A Green, J>., wan ‘eppointec Pemden:; Chas, Pope and James M. Taylor were: elected Vico Presidents, acd’. H. Agan, 1. 8. Troair and F 2. Hagedorn. Secretaries. On ‘aking tbe obatr Mr. Gremw briefly atdreesed the moo:tng, sctsing forth ite objeats, and counsoiling the tion cf suck measures as the wide spread pnb ‘tod Prestion seemed to require, Baavay Barpwin bewmg called ing. He vaio be came to bear and orisia, Lo remarked, bad country. Ithescerried ¢ il Si ie ‘ PtH rnor tare. The duty of whe |, ¢0, was to repeal some of the loved teat the rurpension would wi result in the bringing forward jace of the West, # 1 would ga ez # a3 gf + 45 ui Lik if te. fs Hs ia] apd peo; ceepbtlesa, tbat the world was watcbing ‘hat their bovor was atstake. Tats ware and he did mot come hore to condemn their should we do tn this crisis’ We should say i igi te 5 H 3 TH = & ried on through the med.am of Ib gold ana oliver Rot want the constituilon of iho Rave altered. Bul ho was wiliing to eubmts tho remedy for existing ombarrasemente 0 be Leginisture of the Bate Mr. D O. SaLMom moved the appointment of @ commdt- too of »ix to report resolutions. Dawist. DANA sald before the motion was put be would luke to *ddveas tbe meeting. He enld i} was supposed Be wees bard money man; th was noteo. Mr. D. was goiag op to give the meeiing some advice, when his yoloe wae drowned by ‘nowe and confesiou,” and he tok hie ‘The mot'on for the appo'ptment of a Commitiee om Re- solntiong *as then sdopted, and the Chair s»nounoed Messrs D © Saimon, D. MeCarthy, Dante) Mol ugalt, Ai- rem Tyler, George Stevens and Harvey Baldwin ea sala commit ¢° Mr. Tuomas T. Davia, aald there was no loss to bil holders or veporiore t) aoerue f’ m the suspension of ote pay! Bad tha muspension occurred four ago. piry would now hace been ine much b -ttar com Given The products of the farmers, #hica are now ov: fivwing \he Arewaries of the Wert, would ore this have country They were obliged t> eucsam> t the They vat themselves 1a oppouition Vo the bavineas clasret, and the latter Wr RcCarrny sald ho bad been asked this evening why our bankers bad not taken part im the moeicg. The Sasv or wes that they were at ibe eufforamse of the com- ho ey tteenclgdcrcreapacans © Revolved, 0¢ approves of the of specie paymenm by ihe banka cf this State d ’e 9 conddemly believe that such suspen: very limited duration, beosuse there * great calamity or joes of ; Degause the ‘over flo wing to agricultnral ; and canee it has solely been prodneed by an absorb! Resolved, fhat we consider it 6 be for the commuriiy to paracein ihe lake the bills of our sound State banks, a Shane trade, yoy ment empioy or Resolved, “het tn tendering to the 'g'og our support to them, duriness °f the country and se the great mass of those indobied, who fo yield oncer a farther continaance of | ral ty He g Z i bunt r li i i A 5% $3 tid i Rerolved, te commer al crisis, be SeapreeT =La'we res vene inture at an cariy day; to'them tv tao auch ection ae the exigonoy i apply for the ouro of exising embarre 7 4 Davie. 1s ron, said that body might amood the ex. Inting statute eo far an to extend the time for commencing coeedings to wind up the banking inatita tony Everton Tt could alzo aub mit, if |t chose, an to the cons tation. Mr MoCasrny semanas Om the MASSACHUSETTS. ANOTHER LATTER PROM MR. APPLETON, [From the Boson Dally Ad rortiser, Oot. 16.) No comments are