Northern Times.
Liverpool, Merseyside, England, 1857-10-16 00:00:00

CILAOCIONV Tlet IBA)f Itt Altars I%—ucr. 15.

The market was steady to-day at the following prices :
—Mixed. Nos., buyers 60s, sellers 61s ; No. 1, buyers
625: 6d, sellers 63s ; No. 3, buyers 584, sellers 58s 6d
per ton.

SPORTING INTELLIGENCE.

By British and Irish Magnetic Teleg7 aph.

NEWMARKET RACES.—YBSTERDLY.
BRETBY firAKl3.
Blanche of Middlebie 1 I Allspice

Five ran.
£lOO HANDICAP PLATE. A.F.
Little Tom ....1 Kingmaker. .. 2 I Coirington
Eighteen ran.
- SWEEPSTAKES OF TEN SOTS.
1 I Sinrise

Delusion.

Four ran.
HANDICAP SITFEP3TAISS. D.M.
Apathy ... ..1 Flimsy ...„
Seven ran.
BWEPP,I'AKES FOR ALL AGES.
Intereidona Old Tom 2 Olympus
Fourteen ran.
SWEEPSTAKE,) FOR TWO YEAR OLDS.
Tournament
&Ten ran.

LATEST BETTING.

CAMBRIDGESHIRE STAKES.
31 to 1 agst. El Hakim
14 1 .. Prioresi
20 ... 1 .. Whistling Willie
20 .. 1 .. Push, colt
25 .. 1 .. Odd Trick
25 ... 1 Dunboyoe
25 ... 1 .. Mce3tissinia
33 ... 1 ... Cerva
33 .. 1 .. Lirerpool
33 1 .. Peeping Tom
33 .. 1 M. Dobler
40 .. 1 .. Dusty Miller
40 1 .. Fanny Gray
50 .. 1 , . Mille. de Chintilly

THE DEEM'.
20 to 1 agst Toxopholite
20 1 Clyclesdal)
50 1 .. Antitions

AN ATLAS GRATIS WITH THE "DISPATCH."—On and after
Sunday, October 4th, 1857, each crpy of the Dispatch
will be accompanied with a map, a chart, or the plan of
of a principal town, so as to furnish to each subscrib-r,
gratis, the most comprehensive, complete and generally
useful Atlas hitherto published in Great Britain. The
size of the engravings will be that of one page of the.
newspaner, six maps and two plans, in each year, will be
of double the size-17 inches by 25. The ordinary maps
will be correctly tinted, the charts will be properly relieved
in blue, and the platis will be printed in a rich colour.
The double maps will be the object of great attention in
the desire to make them beautiful specimens of map
colouring. It is hoped, in the course of nu unreasmably
protmeted time, that the Dispatch Atlas will contain
more names and positions of places than any other English
publication of the kini, The counties will be given se-
parately, and where they are large and populous, as in the
case of 'Lancashire, each division of the co inty will occupy
a page; again, the States of Italy will be the subject of
six distinct maps. The names of the draughtsmen an I
engravers will be the best guarantee for perfect accuracy.
The maps will be as full as clearn,ss and reference will
allow. Corrections and discoveries will be given from
the best authorities. The engravings will be in the
highest style of art, mmy thousands of pounds being
devoted to their cost, and they will he taken from eriginal
drawings expressly prepared for the series. Directors of
mechanics' institutes, the conductors of all educational
establishments, the proprietors of hotels, reading-rooms,
and coffe-.-houses, will, in possessing the Dispatch Atlas'
be supplied with a daily want, The money value of the
completed work may be best ascertained by inquiring the
selling price of any large and trustworthy collection of
maps. The Dispatch Atlas will be for,varded with the
numbers of the paper at the usual price, sd. per copy., or
6d. stamped. On the first issue some hints wall be given
for preserving, indexing, and binding the Atlas. Orders
received by every news-agent and booksallee in the king-
dom, and at the Dispatch office, 139, Fleet-street. The
Friday evening edition may be received in the most distant
part of the kingdom on Saturday morning.

TIIE FINANCIAL CRISIS
IN AMERICA.

The state of affairs in the United States is of so much
paramount importance to the Liverpool people at large
that we a•e certain our readers peruse the following
retrospect of the panics of this and former years with the
utmost interest. It is taken from the Pennsylvania
Inquirer, published at Philadelphia on the 29ch of
September :

The monetary troubles which have been agitating the com-
munity for some time p culminated finally on Friday ; and
during that day and yesterday unprecedented scenes of excite-
mrnt relative to fir ancial matters, have been enacted in Phila-
delohia. It was pretty well unit rstood, some time since, that.
the Pk nn,ylvania Mnk was embarrassed, in consequence of
enormous loans which had .been made to certain sugar specu-
la.ors and others, through the personal influence of Mr. Thomas
Allibone, President of the bank. Sugar took a sudden fall, and
certain stock speculations roving disastrous, Mr. Alibone's
favourites were compelled to succumb to the financial storm,
and it was apparent that the institution must be a heavy loser.
One of the heaviest of these sugar speculators was a near
relative of Mr. A., and it is at least probable that he was
interested in the operations, which were carried on to an amount
somewhere in the neighbourhood of half a million of dollars.
The Bank of Pennsylvania clamoured to her sister institu-
tions to rally to her support; and the hope of this sustenance
kept up the credit of the institution, in a measure, for a time.
Finally, on Thursday last, the matter was solemnly discussed
at a meeting of the Bank Presidents, and it was determined to
let the Pennsylvania take care of itself, or sink, if it was
unable to keep its head above water. This resolu ion leaked
out on Thursday evening, and early on Friday morning the
note-holders, who understood the true condition of affairs.
rushed to the ba k with their paper. The officers of the in-
sti u ion expected this result, and the bank bad scarcely fairly
opened its doors in the morning before they were closed again,
and an announcement that specie payments had been suspended,
was posted upon the °reside gates. The news of the suspension
ran like wild-fire through the city, and crowds soon poured to
all the banks, and the "run" for specie commenced in good
earnest. All the banks, except the Pennsylvania, the Girard,
and the Commercial, paid all the demands made upon them on
Friday. The two institutions last named paid their note-holders,
but they refused to pay their depositors. Later in the day the
Bank of North America refused to pay specie on checks for large
amounts. The scenes at most of the banks during the " run"
were at once painful and amusing. Persons whose sole means
were in bank-notes, stood in long lines at the paying tellers' desks
awaiting their turns, with faces indicative of alarm lest the
supply of specie should give out before their claims were
honored. In many cases, the recipients of large sums in gold
and silver were perplexed to know what to do with their coin,
and it was s'uffed in their pockets, and even carried away in
hats. During Friday, about a million arid a half of dollars in
gold and silver were drawn out of the banks, and stowed away
in private hiding places. Oa Friday evening, the Presidents of
the different banks met in council. It was very apparent that
another r;r.y's auriferous bleeding, such as that gone through,
could not be borne, and it was determined to partially suspend
specie payments. This scion of the banks was made known
through the medium of the Press yesterday morning, and
the consequence was a renewal of the exciting scenes of the
previous day.
YE STERDAY'S Doman —The alarthists of yesterday, being
generally the holders of small notes, had been scared by the
intelligence of the crisis which they had just received through
the agency of the newspapers, and they hastened to the business
part of the city with such of their little earnings as happened
to be in bank paper. These people, who were generally
women, and tha poorer though most thrifty of the German and
Irish portion of the population, were evidently much scarred at
the position of affairs. The poor note-holders were, many of
them, upan the bank steps an hour or two before the doors were
opened, but they were finally admitted inside, and at most of
the banks they received specie for their notes, and went on
their way rejoicing. The prompt meeting of the claims of the
note-holders (no checks were paid at any of the banks) had the
effect of lessening the excitement and thinning off the crowd.
Squads of men remained in the neighbourhood of all the monetary
institutions until three o'clock, discussing the position of affairs,
and in very many instances offering no very favourable opinion
of the whole banking system.
THE GOVIRNOR AND THE BANlM—Govarnor Pollock
arrived in the city yesterday and put up at the Washingto❑
House. Last evening the Presidents of the different banks
had a meeting, and after discussing matters and things in
general, they determined to request his Excellency to call a
special meeting of the Legislature with a ♦iew to legalizing
the suspension by special enactment. Last night a committee
of these bank officials had a oonference with the Executive,
and urged their views upon him. The Governor expressed a
desire to do what he could in the emergency, but he was un-
willing to take any decided step without consulting Attorney-
General Frankin, who had not yet reached the city. It is
pretty apparent that a proclamation, calling a special session,
will will be issued to-morrow, sod that the time for the
gathering of the Legislature will be the sixth of next month—
Tuesday week. Colonel Curtin, Secretary of State, is in
town.

WHAT THE BANKS DID YKSrEaDAY.—Our reporters visited
ev.ry bank in the city yesterday, during business hours, and
obtained from their officers an account of the doings therein.
The result of their observations and investigations will be
found below.
MECHANICS' BANIE.—This institution was beset by an
anxious crowd early in the day, but note holders were put in
good heart by the following notice stuck up in front of the
building :

Mechanics' Bank, Philadelphia, Sept. 26 h, 1857.
" This bank will pay all its circulation. Depositors' checks
will not be paid, but will be mar ked "good," and checks so
marked by other banks will be received in payment of deb s
due this institution."
When the doors were opened, the course indicated by
this notice was pursued. Checks were examined and cer-
tified, and all note-holders, whether large or small, received
specie on demand. The teller of this inati'u'ion won
golden opinions by his obliging conduct. The Mechanics'
Bank claimed to be pretty riff i❑ the back ; but its spine was
strengthened by receiving a considerable share of 200,000 dole.
in gold, which was expressed over from New York on Friday
night.
BANK OF NORTH AMERICA.—Like the Mechanics' Rank.
the Bank of North America set out in the morning to mark
checks " good," and pay all notes offered. They continued to
mark cheeks according to promise, but before three o'clock
specie began to grow scarce, for they commenced limiting
their redemption of paper to fives and tens. 200,000 dollars
in gold came from New York yesterday by express, and of this
the .i=ortla America came in for a good stiff strengthening plas-
ter. The excitement about this bank continued until about
three o'clock. The depositors at this ins'itation were
required to sign an agreement, of which the following is a
literal copy. It will be seen that the bank is determined to
keep the whip hand of the depositors It is hereby agreed
by tire Bank of British North America, and the undersigned
respectively, that all deposits made o❑ and after the 26 h day
of September, 1857, in slid bank on account of the under-
signed, and all collections on and after the 26th day of Sep-
tember, 1857, by the said bank on account of the undersigned,
shall be payable in coin on the Ist day of January, 1858,
without interest, and not before, unless at the option of the
bank ; but such deposits or collections shall at all times be
receivable by the Bank of North America in payment of debts
due to it." Wo have not heard that this arrangement was
made by any other bank with its depositors.
SOUTHWARK BANK.—Early in the day, a crowd of note-
holders, principally butchers, produce dealers, and ship
carpenters, gathered about the doors of the Old Southwark,"
and discussed the probabilities of getting any substantial " soap"
for the promises of pay held by them. lhere was a decided
spice of fun about this crowd, and when the doors were opened,
they marched up in a regular line to the paying teller's desk,
and all note-holders were paid in gold and silver. Checks
were marked "Good " The officers of the Sou hwark ex-
pressed a strong confidence in their ability to pay all their
noes, and stilt have a comfortable balance in their vaults.
TnearmstEN's BANK —There is little or no excitement at
the Tradesmen's Bank. Its circulation is small, and all
note-holders were paid on demand. Its checks were marked
" Good."
FARMERS' AND MECHANIC,' BANK.—The white marble
palace of the Farmers' and Mechanics' Bank was crowded
during the five hours it remained open yesterday, with droves
of people who represented all classes of the community. The
poor holder of a " five" or a " ten" was there anxious to realise,
while the manurac'urer and the large employer begged hard to
have something from his deposits more available than a certified
check. Many had hands to pay, and upon these hands hungry
mouths depended for food. To supply the means of obtaiaing
this food, a check, though covered with the word " Good,"
availed but little. The numerous paying tellers at the bank
gave specie for the five and ten dollar bills offered, but no larger
notes were cashed. Checks were marked " Goad," and check-
holders were embarrassed to know what to do with this descrip-
tion of funds.
THE PHILADELPHIA. BANK.—The Philadelphia Bank came
in for a good share of the " run," and its doors were besieged
long before they were opened. At this bank " fives" only were
paid in specie, and checks were marked "Good."
WESTABN BANK. —Like its near neighbour; the Western
di I a thriving trade in marking checks " Good." In cases
where the applicants for specie appeared to be in great want of
the needful, their "fives" were cashed, and our amiable friend
Hoffmann was hard pressed by those who were anxious to
obtain change for their paper.
BANK OF NORTHERN LIBEETIES.—This institution, too,
redeemed "fares" where the applicants were desperately hard
up ; but in no other case. They marked checks "Good."
BANK OF COMMERCIL—This bank has not a very extensive
circulation, and there was consequently but little rush to its