The New York Herald Newspaper, January 12, 1858, Page 1

WHOLE NO. 7802. THE COMMERCIAL CRISIS. ‘Fhe Failures in the United States, Great Britain and the Continent of Europe. _ The Liabilities and Assqtt of the Bankrupt Firms. The Rettenness of the Commercial and Fimancial Systems of the Old World. VERY INTERESTING AND SUGGESTIVE STATISTICS, &e., &o., ae. Ornice Mrrcantie AGES CY, Ad wd 316 Broadway, New York, Aen Se} TO OUR SUBSCRIBERS. ‘Mo entrance of the new year induces us to presert ‘wureelvesvagain before you, glancing back at the principal eeonts of the past year in the mercantile world, and of- fering afew suggestions dictated by the interest which we feel in your welfare. "Tho “nancial revuleion through which our whole ceun- sey has just passod—the disastrous effects of which will ‘de felt for along time to come—exceeded, in intensity, the apprehensions of the most timid and cautious in eer midst. Astringent money market was looked for. ‘here bad been over trading, too much competition ‘m business, too heavy expenses, too long and large evedite, and there was still quite land speculation: in fe West. Some failures were of course expecied. ‘Mee tendency to overdo, however, you will remember, had been very much restrained by causes which have eperated every year or so for the last six years. During thet time, drouth and failure of crops both at the South end West, and two or three serious financial revuisions, sontributed to put jobbing merchants on their guard against excessive over-trading, in which’we do not believe hey indulged to any serious extent. After the hard yoars referred to, great anxiety was felt in regard to the ereps for 1857. A kind Providence gave us an abundant harvest, on the basis of which a sound and healthy trade ‘was anticipated. Our importations {were heavier, it is fwne, than they ought to have been; but our jobbers stocked up moderately and were tooking for their usual $B trade when the contraction commenced, which was foRowed by panic, and the crash came, destroying all @emand for goods, depreciating stocks, deranging our in- MORNING EDITION—TUESDAY, JANUARY 12, 1858. PRICE TWO CEN7S. ‘The average liabilities of each of the firms whose ia- debtedness has not beem published, if estimated by the average liabititics of those which have, wil! make a tota! of $280,000,000. Hut this is not the full amount, which, ‘we have no doubt, would be found to be rather ovef than under the sum of four hundred millions of dollars, or According to the THE FAILURES ‘Woe prevent our readers with a list of the failures which have taken place tn England and on the Coatinent during the present financial revulsion, These, however, are but & portion of the whole number, an estimate of which we ave given in the absence of more reliable information. thas been upe@ short time; por have we inclided tho Jouses by the ‘ailures of banks or railroads. ‘These revarps om® California, our arran, nts for that State not yet being as perfectas cleew! 5 embrace, howevor, the Canadas, New Brunswick, Nova Seatia, Is will be xeen that the ed firms in oh es ‘States (Cahifornta excepted), our records—: embrace all, Det a clase of Laat Total United States,....... CANADA WERT. retailers in the on Balance of Canada West... Thus find that failures ia about eighty million pounds sterling. cities—ie 204/061, or, estimating the ‘at 25,000, CANADA EAST. we there were over fifty same process of calculation, it appears that the average 000, tbat there Is a store to every 128 of our iuhabiiants, | Moptreal.....-.--. se. s.++ Berlin, none of which were published among the | |. oo oooh firm, oatimating as before by the average ene lea hers ot Wp S82 eetaliing ondsheomniing | Nerebnse ks Meme Dankrupt firms. The commencement of the Fevul- | russe which have been published, amount to about $200,- Ty B12 firms which will pay Do i sion in Great Britain and on the Continent was felt | Goo. snich shows that the bankrupt firme will not be about the beginning of October, but nearly a whole month elapsed before the public were fully aware of its extent and character. About the end of October its however, effects were beginning to be severely felt in London, Pa: | tes ang we desire to allow the widest margin, we may debtors, $6,222,500, and ‘thing, their pote ‘and contdential debts absorbing every- oes, $20,300,000. There are 3,839 concerns owing $197;080,500, and they are such cases as usually mmarane 40 to 80 cents ; and there are 435 houses owing $77,189,000, ‘which will pay in full if the times ahead prove to be ordi Total British provinces... Total U. 8. and Brit. prov. |3 able to pay more than two shillings sterling on the pound, or, according to our currency, tex centein the dollar. As, this result is obtained in gvcat part ‘rom eati- parity perons. Vienna, Hamburg, Amsterdam other leading Tho total amovat of the Liabilities of the 5,123 failures is be v * bo ne set down the assets at four shillings on the pound, or PUL GOWN Bteceeescesecesseeseeeeereeere+$200,801,000 cities. Up to and even after this period the London twenty cents on the dollar. A comparison of the total Sed tare’ cat fen saan tose ee and other leading organs of Faglish opinion insisted Wat | ree een i gg tho following figures:— ‘those who will pay in full. ... .$77,189,000 the depression was merely temporary, and that it would | yo) jiabilition......« Ris $400,000,000 Aud on the amount: failures $197,080,000 at 40 cente. 78,832,000 0,000,000 ‘de found on examination that the commercial community | Total assets: ‘This certainly docs not speak woll forthe mauner in 156,021,000 | 144000 ‘were generally in a thoroughly solvent condition and tiitenaineahiitiias aueneuane 534,009 | Would be able to meet any financial . The | which the British commercial community—which has bith. vine Aaa kg amc! ta Mya . 1 — | HeRatp was accused of unnecessarily and unjustifiably in- | erto been held up as a model of honesty and perfection to The columns exhibiting the number of counties in each i State, with the number in. whieh, during the wholo yoar, dt # _ creasing the alarm, and its predictions were said to be to | the business world—conducts ita financial transactions, It no failures have occurred, will surprise you with their 1] 20,000 230'000 | tally unwarranted by facts. In view of all this it is pecu- | appears trom these figures that they have been engaged proetes Pte ory be emer apap 1] 12,000) 147,000 | liarly interesting, at this particular time, to see how far | in speculation upon a purely imaginary basis—upon capi- Perous condition prior to the panic. mands Be: 26} 220,000) 255,000 | our predictions have been verified, and to look into the | tal which had no existence. In other words, that the If the country a general debt is, as herein 2] 109,000} 636,000 | Startling facts which have been developed during the | Arms whose rotteaness and bankruptcy have been Drought eS Sa seek ee ra ‘bo fir to infer 14] 62/000 75,000 | progress of the revulsion. This will be beet shown by | to light by the revulsion have gone on doing business al- double that sum, oF $4,564,000,000. From this we would 13] 481,000 601 3,104,000 | te following let of failures in Groat Britain and the Con- | most wholly on a credit basis, and with the knowledge deduct for light trade last Spring, and the injury to sales 1 18,000} . 40,000 tinent, which is the strongest proof that can be presented | of their own inability to fulfil their engagements. this fall, 40 per cent, which would make the business for 4] 42,000] 14] 128,000 | of the correctness of our views:— In the case of nearly ail of the insolvent firms which 1867 with the country merchant, amount to $2,738,400,000, ¥ Dave been brought into court, facts and circumstanoas of and ag the losses for the year by this trade were $41,838,- tn} 203,000! 407,000 sca rought in| i we wena 000, the per centage is about one and a half. 25} 210,000 291,000 aremarkable character were elicited. It was found that wnFer the conventence or mene aoe ween comtreet : some of them could not pay more than a shilling im the toa pubs tab cthae, aoe ta vackay persatees oo nese, 3} 89000 190,000 176,000 | pound, and that they had been going on for years on bor- rence AS so Foca ih bi Any =, are Ppsgonn 26| 380,000] 235,000 rowed means, conscious of their own utter insolvency, In Tals failures have been (poner anh pnpesdey adr many instances it also appeared that they had obtained N0Oor ‘000 y ppear' y ee ee ee ee adept kbed 4} 213,000 342,000 credit to large amounts by the exhibition of notes and Thoee of you who preserved out last year’s circular, ; = asad promises to pay which they knew would never be re will be able to compare the statistics therein givea with hte a eA 4} 205,000] pede oe those containet in this. Balance of the State...'| 5] 61,000] “4a STATISTIO8 48 TO FAILURES FROM DEC. 26, 1855, TO DEC. 25, 1857. RHODE 18L.4ND. Providence......... Wm. Cheesel firm., Monteith & Co., in the Glasgow Sheriff's Court. It ap- peared from the testimony of the head of the firm that he began as a commission agent in February, 1848, on & capital of $7,600, and from that date to this had transacted business to the amount of hundreds of thou- 260,000 | sands. He stated that although in three cases his tirm were Thomas Ellis eteel J. Gallard...... Dubuque. 70000 aware of the insolvency of the parties he granted them Balance of the State. 12,000'000 | accommodation, and continued his accounts with them ian: 285,600 | because they had threatened to fail unless he Balance of the State. W. B Filer. ; m 000 | enablea them to continue in business, I was, és a CAROLINA, Alex. Hinz & ©0., colonial trade, London: he stated, often left im the lurch with their | suse CSE Habbard & Sons, Leeds,........- <2 300;000 ] bills, and obliged to provide for them. He had, he wat Hoffman & Co, Swiss trade, London 100,000 | further stated, no difficulty in getting renewals of the bills Siltution in extending its ald and w@pport, it is probable they will get over their embarrassments. The syaiem, bow- ever, of endeavoring 1 maintain firme that are rotten throughout is radically wrong, for while it cannot remedy the evii, it has only the effect of rendering it worse by keeping it alive. The only true way is to let them stand or fall as they are sound or unstable, for al! attempts om the part of government to bolater them up must in the end prove utterly useless. Reviewing the present condition of the commercial community in England, the Tondon Times, which ridiculed our predictions two months since, says ‘the tru:h came upon us Jast October like a thunder-clap. Wo had bo idea but that we were full of property, but we then found that our fancied property, instead of consisting of merchandiee, gold, or foreign debis, consisted of nething Dut accommodation bills figuring in bank assets for their nominal amount, and in some instances not worth the stamp on which they were placed.” Here, sihes, w@ have a proof of tho rottenness of the system on which business was conducted, and which, as we bad predicted, Would eventuate in @ grand (nancial crash, On the Continent the effects of the revulsion were al- most as severely felt as in England, Ip Berlin, aa We ave stated, over fifty houses failed; in Stockholm twenty two failures occurred ; a dozen in Warsaw, and alarge num- ber of failures occured in Paris, Hamburg, Vienna, Auster- dam and other cities. The following ie o lies of thoee whose names have been published, but the failures which have not appeared ip primt are still more numer. OU8 FAILURES ON THE CONTINENT. NAMES OF BANKKUPT FIRMS IN EUROPE WHOHE blir BILITIES AND ASSETS ARE NOT OTATED. D. Arnow, Hamburg. Bourdon, De Buit & Co., Paria, M. Brossun, Jr., Hamborg. F. C. Bahre, Hamburg. Barbeck & Wall, Hamburg. Barwasser & Co., Altona. . Bergers Nachfolger, Altona. Boot & Richter, Hamburg. Brousted & Co, Hambur; Busse Hale, Hamburg. Campe & Meyer, Hamburg. Ceilard, Genoa, Milan and Turin. « Cordes & Gronemeyer, Hamburg. Custer, Branewig & Co. , Hambor, Eschels, Hamburg. August Fedderren & Co., Hamburg. Gallorcasap Brothers, Amsterdam. Co. , Parin. Guimares: a C. Godett, Hamburg. John Gowa, Hamburg. J... Gross, Hamburg. K. Grinn. Hamilton, Koch & Co., Hamburg. Hermann, Meyer, Kintz & Co., Heine & Fleishmann. Hansen & Jobatsen, Altona, Levi Herz & Son, Altona. J. F. Hinek, Hamburg. J. M.S. Hoffman, Hamburg. jarsaw. warding of the crops. 6,789'000 78,000 ‘paid by Rothschilds).............. 3,500,000 | McAllan’s bills (one of the parties) on the City Bank and Hulse & Co., Hamburg. Was there suflicignt disease in the body commercial to er 8,000) Thomas Hook, Pemberton & Co., London + 165,000 | the Edinburg and Glasgow, and he was “obliged to pay J.C, Jacoby & Son, Hemborg. qwove such an arrest of business and a general liquida- 41,010,000 3 Herman, Cax & Co., cotton, London & Liverpool 300,000 ay 4 Jahnoke, Hamburg. art wn ponced Apeagoors 2°611'000 78,000 ra sees 287,000 | Some of Wardlaw & Co.'s (another of the parties) that E. J. Jobns Sohne, Hamburg. tem? The number of houses ve resumed or él | ey 2 300/000 | fell due in the Union Bank. It appeared that the firm | Gebr. Kalkmann, Hamburg. way wo CR; io deg meaner thes Layve siveady compro- 32,964,000 a $00,000 | were creditors to Atterbury, Jr., & Co., a New York | ©. Kraft Hamburg: mised a+ high as sixty to eighty cents; the small losses 1183000 4 208-00 | ous, tothe amount of about $200,000, but. which they | 2a¥ety & Kesh, Hamburg our beaks have met with, and the quickness with which see 57,000 '250,000 | were unable to obtain, in consequence of Atterbury’s hay- | J. P. Langmack, Hamburg. ee We ee ne aon Pee Comenret = 6 6,572,000 Selooel 6,000,000 | ing stopped payment. Mr. Monteith furthor said:— Von Leesen, Hamburg. strong position—not to speak of the value of the crops on 2,766,000 68.000) 400,000 ‘When we commenced doing business with them, from J. Lomer & Co., Hamburg. Fecal he any mils of pig hare hrc 8m Ley Bet inqus "rs fan try ‘wake i raha’ "os |i ore aba fe igen Phaeton pores pn Naylor, Viekere & Oo. Western Bank informed us that they bad this character of | jn Muntoe & Co., Pari } ay cia es tonns alter { demand for 45, Northumberaed and Durham Bank... -. them from the Bank of England, and the Western Bank | 5 yutier, Harta i yccared, more than & moderate contraction, which 3,000) Nicholson & to Loudon gee took their bills in preference to aby other Americas houso | PF: Mever, Altona. Sboult have Deen even then very gradual and discrim- W. tr & Go. verpoa. We dealt with etthe ime. Thayolearned that atterbary | yk Mitr Alva.” private credit. Powles, Brothers & Co., Li ¢ An arrangement | Overbeck, Bromen. mating, and mot a ruthless assault We eay that the |: r part of the contraction which with the bank, but age was caused v B. Ottenstrom & Co. , Altona city are to contro! the action of the banks of the United Cornea, W iverhamptor, (aseistance grant Weinboli, , it is to be regretted that so small a number of 3. f ook pi was cal by panic, by which we mean “ ter- Pontoppiden & Co., Hamburg. Tor inspired by a trifling cause or mi of J. & W. Peters, Hamburg danger.” Death from fright is as serious 2 calamity as Pi Co., bibcheedesed £. £. Pinckernelie, Hamburg. Sat uns panic cados n'a your of yleuky; and with smaller 4 Wrfuley Seip tne ener: Br hocker, Bassborg. that thie came in a year enty 5 wit ler 4 . less etes eter es seeeenes er, burg. tmdedtedness, we believe. from country than usual. Rew, Prescot! & Oo. , Swedish London. Geb. Rueben, Hamdurg. Had it occurred at at any time within the last three or 5a Wm. Reid, Edin! W. kee, Mambury Sour years—the year of drouth and failure of crops, for a . Raimarius Nachfalger, Hamburg. fmetance—there would have deen more apology for it; bat J. J. Riemenschneider, Hamburg. the losses would then have been much greater. As it is, 34] B. Rooren, Jr., Hamburg we may reasonably hope that the houses which have been 98} God. Ruden, Hamburg. ‘Dy this crisis will make better dividends than ‘Sassen! & Meyer, Bremen. were ever made before under such disaserous Croum~ 36) & a Sue 8 rs mances. , ubech, Ham! We entertain the common opinion that the action of the bs of four or five of our banks was the 19) |. R. Thompeon & ‘ehief cause of the great disasters of the season. They an Western Rank of Scotland, cunested wagetior ond Street erent ee con- oun Fat waction w our city banks, ig along with them 1 nm, Morgan » London. ee gecevoes Soon Sececsrend fas tome Ses baad z The wave ters ing [Siouryeas Sorc ng erat aerneae 63 139) determine the line Weimer & Co. , E. India trade, Tendon ito’ Lower ‘200,000 them should be able by combining to 1 es cager ho vl & policy to be pursued by the whole body. The whole G. & A. Wood, brewers, ne on the Tr concern if, as a country is, therefore, interested that New York should 90 J. & J. Wright, Glasgow... 40,000 | £49,200, tho bills for which are with the Western Bank. have a steady and safe system; and if 90 pene seed ‘The following exposition of the system, which was our Legislature should some such restric TOMI... eseeeeee £134,284,000 | brought out in ene of the Scotch Sequestration Courte, may : tea so, Ge pres sans ea r Total number of firme seoses TL | he read with interest and profit. It has been made by one dollar in epecie for every three of liability, we should Here wo have @ total of over oue hundred and thirty-six | one who appears to be thoroughly posted in the matter: ee & system, Fees en re, millions ef dollars, independent of thore firms whose lia- ‘Tne case of Messrs. McKenzie, Ramsay & Co., nl ea has ever been devised.” If the control of our banks is dilities are not stated, and which are enumerated ag fol. | in the Dundee Sequestration Courtaffords another ; furted to unskilful hands the tem ought not to be lows :— @bie instance of the cvils inseparable from a system of WinckJer & Nagel, Hamburg. Dlamed for the difficulties which their bad management a trace Dased upon accommorlation paper. Wurtenhof & Piper, Hamburg. has caused. A wise action on the part of the banks would NAMES OF BANKMUPT FIRMS WROSE ASSETS AND | jt appears that this'firm commenced business in 184 as Zabn & Vivie, Altona. have driven into insolvency al! that class whose condition 1G, AdeeTARLITING ARM KOT STATED. commision merchants, with a capital of £7,100, and,as it | Yotal number of firma. warranted such treatment, without patting every one on JG. Adame, Glasgow. ns since tranepired, al a time'when Mr_ McKenzie wan poesecscoeeoes ove see ‘the rack in order to discover the weakness of the fow. 7 + rguson , Newcastle-on- Type. £2,700 behind the world, so that the capital of the firm | ‘AMES OF BANERUPT FIRMS TN EUROPE, WITH THEME ‘The tendency to excessive importation, which has af- = es: Walton-ie Sale, cotton apinner. ‘wae really that sum lees than its stated amount, In 1850 u LITTERS, fected all classes of morchants, may be largely ascribed to PRNNAYLVANIA, eos Ai at . thoy eran to manufacture goods for the American mar. | Bulberg & Cremer, Hambarg., tho fact that Pu lotters of credit have been so easily Philadelphia, . * ; wan, Gr a & Co. , Liverpoo) wet, and ug their brief career they thought proper to | F. Blaas & Sehomburj bh, Hamburg obtained, and that they have afforded such fine openings Pitteburg ee ee, Headford. advance £4,500 to a firm they started In bustuess as pow. | Hirsch, Mores & Co, fecinin, in for ‘kiting’? operations, in this regard the times are Balance of om yyy ‘orcentor. er-loom factor#; they sank a further sum of £4,000 ina | Pouron, Phillippe & Viberte, bs Tike thore which preceded 1897, There bas not been so byt | — cee bleachfield; they had transactions in-one year with «bank | Ullberg & Cremer, Swediab trade. much overtrading on the part of the jobbers with the in- a iat te see + & Coddington & Co. amounting to the eum of £417,849, and they pay in a simi ferior az bas been suppmed. As aclasa they manifest | Tota} United States 204,061 }4,937 | $201,760,000 Ghagien ds MeKeverioeds, tiveness lar period for diesounts £10,000. WON Boihcies hs more caution in giving credits than in former years. CANADA weet. pom hae Pay everigan, Liverpool. ‘One naturally is led to inquire how £0 small a capital in Total number of firme ‘Where the organization of the house is good, where it com- | Toronto......... speaanes 989) 26) 2,714,000 D panty A manufacturing business could command suc compara - et ere ss bd Diese otber talent and experience than that of the mere Balance of Canada 3,444] 109 2,172,000 5 i ete London. tively large transactione. The total liabilities on the continent of Bu- salerman, with the judicious use of the Mercantile Agency ‘CANADA BASE ; w~y te 7 WS Landon, merchanc:se. Mr. McKenzie in his examination enlightens the unini- | TOP¢ will probably amount to about three bun- Sz can and do show good ledgers and @ prosperous state | yontroal........... a 09] 16 623,000 : Deeeae. tiated, and communicates the mode in which his firm con- | dred millions altogether, and the assets to sboud ef things. Balance of Canada Fast...| 1,764] 15| 1,267,000 ,—., . ae ducted their business. The yarne wore ordered of @ spi- | siey mu 4 It is considered safe for a merchant doing an ordinary | Nova scotia AN. Brunewick.| 1/797] 22 1,376,000 Fs Tmeontone ke bi Deron @ credit of four or five months, and sent to a yarn xty millions. The panic created by the revulsion im aay’ a oth a Ay Fy Ad Fenn} hy |-—_— |—_|= wade North of batope) fon, (German merchants, | bleacher, sho accept « bil for their value, ‘and holds the | Vienna and Paria was terridc, and such was the effeet ix, to ee! ‘or four t Tota! British provinces....] _ §, : Purope. yarns as wecurity. ¢ yarns, when bleached, are bankrupur his capital; and if hia business 's well attended to, and his bad a Friedericson, Clume & Co. grain, Hartlepool. to ‘dhe. factory, and the ostensible proprietor accopta an. | vantome tue that they committed suicide placed in safe bands, he may be, always, easy in ) U. 8. and Brit. prov.| 212,004 The City of Glasgow Bank—capital $6,000,000, partially | other bil), tho proceeds of which are applied th, | While Iaboring under mental depression. The govern fete anticipating bis paper, and sauirely indepen. hors . prtehuipeo t ne big ti merge pra boo tt the weaving: the manufactured article 8 now sent oa | Went of Sweden and Norway, wilh the view of Prevent. on Jy ry MARYLAND. WC. Haigh, woollen irada, Bradford. Sober bal sed olde a iarrer_ either of whom accepts | ing the uiter destruction of samo of the extensive seteb- G. Hunter, Newcastle on * laden goods when fin by others to lwhments which failed in those countries, are endeavoring 4 — her ao Dette Merchants, Hull, secure the acceptors of the billa loss, apd are them | © Procure financial assistance im England through their ph, Shrotber )., Lorton. consigmed to a New York comm: house and another | authorized agents. Tho #um required @ said t be Detroit. ook inom & po ae stationere Dill drawn on the home house of the American firm for ® H Jol nce of the State...... John Smaller Hinses $2,500,000, and application made werefor ee wwe detent Wis, Londen. fam within the cost, to secure thea against lows from de- | tne mam of Hoglana-—the ath dbod ne ay Rie cc cstascntecea irkup & Co., Worcester. The firet chipments of goods on consign cording to the . Balance of the State...... Liverpool Borough Bank. ment tothe Amo Propose! arrangement, being obliged to RESTECKY Mackenzie, Ramsey & Co. , Dundee. Pat el eee Tay Eealize fale remnoorative prices; | make over sauiafactory security for the amount de- but itwi'l happen that the goods in @ market so pot» riously fluctuating and uncertain as that of the Usited States aro vot cold with that punctuality with which bills become due, and when such acoarrences do take place, and the Consignor is unable to supply take up the bil), the are sold to meet it, J. Monteith & Go.. Glasgow. Monroe, Grant & Co., Swansea. P, lage & Corveren, tatpooe Liverpool P, coran sl ors, Li b Henry Morton, Wisbech. iw mandied. The governments of Norway and Sweden are both urged to this measure as the best and appareatly onty way ; of preventing a large portion of their popniation frem being ‘at what thrown out of employment. In Denmark efforts are being. Moturam & Tiptan. they will id made to obtain free " — : te — the unfortunate consignor’ suataine aa we -wtcbinegegbonmeconme rine ey Pa 0 histor, Mesere. MeKentie, Ramsay & Co. is : <a, T. 8 Reid fs ‘by, atl trace. identical that of ail needy . that consign gooda the Bank and the Finance Department, intend presenting to the United States market— A petition to the Minister of Finance: much lome to ther creditors, Preat wm anh ph Ranson . Stegmann & Co. Ni euring it. ‘Wo are further informed that there is every hope Stevenson, Vernebren & Scott Newcastle. 16,996,000) Miwme se Veopold Samnpeen, Manchester. rae onsne ‘ane trade, and benefit only to the commis. | the required aid will be granted-—' the more eapecially aa He abou : apeeieee| | Balance of the State WR Urw, Nopertie-tatyne The Ataeri aoa iets ‘at for one such house ruined | the government has large means at ite command arising fo gake ee North Carokua, .. Wilson Hollett & Do, Lavaciwol. by consignments “Kpioce. ia C4 iy 4, oa from the paymente on account of the Sound dues. ° et their bil New Jersey... : %, G, Ward, Wen Gaadield) agent to VOOM cmon. Cr lessen the evil thal nota injuriously to Aid bas been granted by the National Rask of Vivana to root of a . sereee Ham Nader eee noe owt trader? f credit were not given so | frie in Hamburg to the amount of four millions of doliare, Daaner Bear d8o | New Hampshire... ...... Yowdall & 1 ecda, wool deaicrs. {cr raising money wore curtailed, aud | and with this assistance a number of them have bem If hie cou Martie Vermont... ose oe Total nutnber of true, rae y, in ac. | enabled to rerume operations. Efforts are also boing made bow in) OS RT In the following ve give the names of bm Fn ee eS eae chases and to meet them at . He would " | liabilities and aeset are published -— aot houses in Hamburg to obtain loans. of necessity, buy carefully, sell pradently, collect closely . Whether they obtain them or aot the ramalt gill, deabs- sod thus enhance hie own prosperity as’ well as that of a ‘ ‘ASaETA, leon, be tho same. They will eventually fuiletho trade renerally. The farmers, it i@ conceded, are the " Tiabitities. _Asaets, | *noe of any dividend eave through the Bank evistance they receive only serving %0 retard richest body of men in our country. They can now do, Allen Smith & Go. Ladon uo... ...... $115,000 $22,000 | al! cases were been carriod on with the aid of | sot 4 ‘with convenience, that which twenty or twenty five years 22 Bargett & Vicatd, gain, london. ... 460,000 100,000 | blank credits, or per in after the capital of the ingo!- ‘Prevent, their downfall, Accounts from Sylar bet If, er Ly a SS 3 barber, Rorenauer® @p., German . vent had been lost. Hambarg state that, although in one week abent twenty engi to & ore, eg Sa camer ie a canna OM, pee’ a ‘we 20,000 From the foregoing expedition some idea may be f millions of dollars in silver had arrived in that city, fail- the United States ; and'they are all the while indebted to 30) aecsb setae ‘agents, Londos... ... 200 000 | °1 % the manner in which business is conducted, and this | S** Dad succeeded one ansther without intermiaston, jobbers of the cltees, on the et 4 of sag, 514,400 ws Canacs Weet Jove P. Ue Ba & Co. , Undon 45,000 & pretty fair iustration of many which have bee! The amount of bills of exchange protested since the com- each ;* or, in the ageregate, $2,282,000,000, ey are, . J. H. Dart, corn trades... 88, brought to light by the Mencement of the crisis is esti feason after tenson, paying off and incurring this deb ” Waréio Bank of Farley, laveseré Go. Wor. "™ 8,000 "uk yy the crisin, ; mated at thirty millions of See tern merchants’ We Are proud ony, embody a CetT oy Tei 980,000 280,000 | . Another thet may be worth mentioning here, One of ollare. ga munch industry, business, talent, ond et Meters, | Dubaque a1 Qottregy Fastase d langiive:*' 1,600,000 $40,000 | te frms that was announced among the list of bank. | _ TH ODly failure we hoar of from Asia is the house Sew es traen, including that which is ‘made by | Balance of the State... ” Total Dritieh provinces "Lame ee = po rupt® was making preparations for the celebration | TP? & Co., Smyrna; but we have no doubt that & ie adventurers and innovaters if, on the amount of busines, | KENTUCKY. a 000 } of ite hundredth anniversary when the revulsion | 20 the only case of y, lorevel in the Kam the done, small indeod eins | Comte | fe Tora! U. 8. and Brit. prov.! 4361 $77 180,000) fs tore | SME ANd FoVeRIed tho fact that it had been | *MPcte of the crisin are aid to have brew quite serore, ee Ee este Servers to coms ‘of cur chiee eae canouna. + Thelwdve Mrookiyn and Wiliemah ure 217,000 | actually bankrupt for many years. Numerous in Tn all the fai'ores the causes have been invariably the has been the fact, that when they have old to men whom | © viva aris sage eee 23) You who have survived the panic have « cheering pros 195'000 | “#2088 Of fraud wore developed in the exam. | S#me— speculation based upoo an undue @xpanaion of the they knew to be good, they have been indilferent as to Snares SavENbe eves 7 pect before yuu fur doing busivess to advantage. Trade, ‘nation of the nancial condition of the Wostern | ‘Telit System; extravagance in living, and excessive mar- Se Rerriat mae bears ch nies tomes, ont or aw | Territories : ‘2 ‘t springs ap, will be more healthy. We shail rejoice ie Bank of Scotland, Large amounts of money were ob- | Meturen. ay locking up their capital, they have reed upon the Indiana .. m4 in your oy apt Ao many coun omy ode 4 Mendes 080, tained on drafts and notes upon people who, it waa found Bowrny TreaTee.—The production of the dramatic and Yanks to supply them in time of nesd with accoramoda | pe bmond wo —_— 7 trade, Londom.... ss... 1,160,000 270,000 | ON NVERtigation, had either no existence or no responsi. | equestrian spectacle of Maneppa” at thi ; tion facilities. This accounts, in part, for so many houses co a “ . " . ott of and re. | Thomas Melladew, graifaaier, 130,000 19,000 | Dility. ‘This eyetem prevailed ‘aneppa’’ at this house last even- of thin description having been obliged to aak for some ex. Ralance of 70) ‘We shal! be thankfu! to bave you speak well and rr Pr. Mannix, Wol ha Pp to an extent which proves ing drew & crowded and Appreciative audience. We r, ‘wisconMLy commend the Agency to the favor of those of your friends | Ir ry, Wolver “ , 90,008 | that all the boasted stability of the English commercial | Kady appears to be ot saad, ae We beg your reference to the following tabio, giving | Milwavkle. 3-5... i whe ciny Uneace 09 bo Come busmnene wanees Ses bones herten, Wem community has no foundation in fact. tn the mide: of the | accordingly gratites ye aah toc bic uch partculare ae may be of some intercat. It has been Balance eons taferde. The uF ee Caekinak bancan ef Oe te nis; cctkccaiined 198,000 | crisis the Pak of Fngiand endeavored Li with two full companies. gotten up in gront haste, necesnarily, hat we have avoided & short article showing the objest and beweilte of the Mer- | 5.01, “Wolverhampton td vored to maintain the | The performance was fully equal to any previous occasion, fo pains ner expense to make ft accurate. In tho large | North Carolina. 42) cantile Agency, to which we would refer for all needed Robeder & I & 25,000 | general credit by ansinting a few of the larger firms by | and was received with vociferous demonstrations of ; ctties we beve, in Lee nd of the cases, the state } hn A pt ol ad >t, crery waste Cestauee,, Wo kaee ® stesess loans, The failures stifl continued, and houses Probation. Mr. Fitzgeraid pom Mazeppa with = ee Scale hove os yoo vem prepered. nail Me LPR ersrssss ss coveee fi Pinsaremeatal of saving ranoy muons yearly to our ety, | SP : a a considered above suspicion came down Wanted vigor, exhibiting truly Forrestiag wnergy. Tho stances whore theee statements were not to be had, wo New Hampshire... po and that ie branches are o yua! K4 My ly ,- = om + | . ’ 110,600 @ general qach. The debts of others hare | White Cloud rs were wel Cag Og wild horse, hare put scareftl estimate upon each case, one owy 10: ema 0» g wee Save naneroqund, Fe wins somber we | . boars y Boon) | PCP Astumed by partion who are regarded ax | monntaine had been a tite race kod the hil eeene crde Cormega TT ume weccald more nearly | Deleware & bis. of Col 18 conservative ingens wich dhe Agay hie evertod in | Eire Sika K San. Lorin... 1,;90.00) 109.909 | Fuflciently strong to moct diet nbiiues, but it a doubt. | f the wild horse a litle faster, the boys Would have been F. have not included such houses ae ew foe in | APmameae. 5 time past, and even during fine Whole pothod of tho pres. | cht & North, fon mie > Sia 200,008 | ful whether they will be able to eventually weather the erie i but on the whole everything passed off shor une, end Feeumed payinent; Bor eee os, Gores tere? The ex ce moe can A - Sristdas nna... pao 6,009 | “OTM. Upon the assivtance thus obtained some of the | the bille, ye Gn ~ 1% = ry aa cna the panis, had partial or even gencral extenmen, where the bnlwark and roliapee of out mere) nt. Wy banking houses bere requ nie gpaesdiony, an4 88 they + a ¥ he .* the Agrodatia Fy ovr. —Thte soem lege, bat che tate ate 0 be below ing you the camptinonts of the soso, we remem able before procuring (7 # at ataPirnente as yng, and & i veenge y inden eleome oO: AT7l eowMtry Ayrebun. Maveme procvsvemey 2M faithfully B, DU CELASS & 00, rities to the Bank of Mneland gadtorent to warrant that t overthwing