The Sun.
London, England, 1857-11-16 00:00:00

THE PANIO IN SCOTLAND„

(From the Scotsman.)
GLASGOW.—There wAs not the least semblance
of a run upon any of the Glattow banks yestei day.
Though one or two further failures of commercial
houses were reported during the day, the brighten-
ing prospects in regard to the two suspended banks
hwe imparted such a feeling of cheerfulness to
commercial affairs, that one or two failures of pri-

vete firms do not affect': the ga eral equanimity.
The terms of the advertisement issued by the City
of Glasgow Bauk imply that the reopening is c in.-
ditional on depositors agreeing to allow their, de-
posits to remain with the bank for some time, at
four months' notice. But this condition is! one
which a number of the large depositors have already
accepted, and which, there can be no doubt, the
others will also agree to, seeing that the directors
expect to be able to give depositors the usual facilie
t'es of a current account. With respect to the
Western Bank it transpired, in course of Thursday
evening, that nearly 600,0001. had been! placed
at the disposal of the directors for the purpose of
resuming business, and that a hopeful buoyant feel-
ing had been manifested at, the meeting of directors
that afternoon. It was even current in Glas-
gow yesterday that the Western might be
expected to resume business so early as next
week. It is a consummation devoutly to be
wished. The serious cotsequences of the stop-
page are becoming daily more apparent.
One of the shareholders, whose honour and
integrity as a merchant are proverbial, and who is
in
eveorny
gteonde vaoultehnotriteyn,tetroprhiasev,e
swu ac
-I
stated
l n
yesterday,
nt
cumbed to the pressure ; and others, not directly
involved by the stoppage of the Western, have been
brought into their present difficulties by their im-
minent connexion with those who are.
ABERDEEN.—The run upon the banks—particu-
larly on the Union, where it was strongest on Thurs-
day—has now ceased. All demands were promptly
met, and confidence was restored. The principal
shopkeepers are taking all notes, so are the railways;
and the Society of Advocates have passed a resolu-
tion declaring their confidence in the Scotch banks.
INCIDENTS DURING THE PANIC 11l GLASGOW.
On Tuesday, during the "run' on the City of Glee-
gow Bank, a clerk in the employ of Mr. Howard
Paul (who is giving an entertainment at the Prince's
Theatre) emerged from that establishment with
two hundred sovereigns done by in a handkerchief,
for the purpose of obtaining Bank of England notes.
Being unable to procure the notes, the clerk was
returning the bullion to its owner, when, in West
Nile Street, nearly opposite the theatre, the " ban-
dana" gave way, and a golden stream rolled in every
direction to the immense amusement of the bystand-
ers, especially the juveniles, who joined in the
capture of the coins with a zeal quite astonishing
to witness. At the end of the search, the amount
was found to be five pounds less than the original
sum, which at present may be lying buried
Anotherd,
letthe
in the mud of West Nile-street, or, still more pro-
bable, was surreptitiously appropriated by some of
the less scrupulous of the industrious urchins afore-
said. One gentleman, during the heat of the ex-
citement, went into the Union Bank and presented
a cheque for 5001. The teller asked him if he
wtmhiees hngeoodtl gold." o;: l d a
n ? "Gold
gentlemanfl ' fools o replied
wire are he
re a ; fs rhi
eg‘
ahNt eoi
nn,
ted ;
o h
give
the
same bank, in a great state of excitement, with a
cheque for 1,4001. On being asked if he wished
gold, he replied, "Yes." " Well," said the teller,
" there is 1,0001. in that bag, and 4001. in this
one." The gentleman was so flurried by the readi-
ness with which his demand was granted, that he
lifted up the bag with the 4001. only and walked
off, leaving the 1,0001. on the counter. The teller,
on discovering the bag, laid it aside for the time.
Later in the day, the gentleman returned to the
bank in great distress, stating he had lost the bag
with the 1,0001., and could not tell whether he
had dropped it in the crowd or left it behind him
on leaving the bank. " Oh, you left it on the
counter," said the teller quietly, "and if you call
to-morrow you will get your thousand pounds."
The streets during the evening presented evidence
that the run on the banks had been followed by a
ran into the whisky shops. The thieves, who are
ever on the watch, of course have not let the oppor-
tunity slip without turuiug it to account.
PAISLEY.—On Thursday, the run on the banks
entirely ceased, and there was an entire absence of
the recent extraordinary excitement. The state of
of commercial affairs here, however, is anything
but satisfactory. Some failures among the manu-
facturers are reported, among others Messrs. Wm.
Wilson and Son, and the Messrs. Ronalds and Co.
The liabilities of the latter are stated at 60,0001.
GREENOCK.—The Greenock Advertiser of yester-
day says :—" The severe pressure which bore upon
the banks here upon Tuesday, and more slightly on
Wednesday, was entirely removed on Thursday.
The excitement was confined to the holders of a
few notes, and to the poorest class of depositors in
the banks. The difference of the money deposited
with these establishments in town is not to-day, we
believe, above a very few thousand pounds less than
it was upon Monday last, the great majority of the
drawers from ono bank passing immediately to an-
other establishment, and so several that had to pay
away money to one set of customers had actually at
the close of each day more money than at the open-
ing, and that left by persons of exactly the same
class as the drawers. On Wednesday, a notice by
a number of the principal inhabitants, el-pleasing
perfect confidence in the different banks, was posted
over the town. On Thursday the panic was almost
at an cud. The managers of the branch banks here
have, with the exception of the Clydesdale Bank,
read the order for receiving Western and City.
Bank notes less liberally than it is con-
strued at Glasgow. There they are received
in all transactions, deposits and otherwise ;
but here they were on Thursday only received in
payments for bills, itc. Among the hundred anec-
dotes of the public are the following :—A man ran
into the shop of a spirit merchant in Town on Tues-
day in an agita, ed state, and proffered a 51. Union
Bank note for change. The Ocipkeeper banded bin.
five 11. nOtts of the saute bank, with which the
panic-stricken individual walked off in a state of
contentment and complete relief. A well-dressed
woman rushed into the Union Bank in a frantic
condition, and in her struggles to get to the counter,
lost a silk umbrella, which was trampled upon and