The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-06-12

COMMERCIAL BANK New ORLEANS,
NEW ORLEANs June LIST, ls4a.
The public is hereby notified that this Bank has sus
pended It's payments IN specie and will until
the 5th oil December next the period fixed by law.
GEO. o. HALL, Cashier.
The following arc further extracts from New Or
leans papers, describing the state of feeling in that
pleasant capital
AvoTnER BANK CRrsIs-MoRE susrKssroN.-The spc-
Gle excitement continued throughout the whole Of yeer
day without .baemen The crowd at the Consolidated
Bank dense AMI eager that the counters gave way
PRESSURE and the presence OF the police became
necessary preserve order Several persons in urging
ing overcome by the heat and wrestling with compact
tumultuary multitude In the midst of the confusion some
OF the light fingered gentry cerried profitable
business than the bill holders of the Banks BY the bye
this upon the Banks is furnishing that class of our
population with uncommon facilities which, il there be
truth rumours they improving to the best
advantage Notwithstanding the strong current that set
in against the Consolidated Association she stood her
ground maniny, and was paying specie the close OF
business hours From the statement of her affairs pub
lshea IN the Courier of yesterday, there should be no
doubt the ability Of the institution sustain resump.
ton equally with her sister corporations
Against the Canal Bank commenced early in the
the afternoon abated considerably There Was
some stir too al the City Bank but the suppostion is that
nearly as much specie was deposited carried off,
On the whole may be said that the run upon the banks
was decided failure. The attack may be renewed to-.
day but certainly with poor prospects Of success The
feeling we are glad to perceive is confined chiefly to the
poorer and transient classes of population Among
the well informed and truly patriotic and public spirited
strong confidence cherished and resoluton nor IN a
crce The interests Of the community for the qualification
OF blind avarice or selfish cupdity Very little any
doubt need be expressed of the result of the pending
struggle Our institutions publish the world table OF
assets equivalent to their liabilities and they receive
from the citizens generally the support deserve there
be uncertainty to the continuance of specie paw
ments by the banks Of New Orleans.-[ Buliefin
The upon the Banks continued Yesterday without
abatement In consequences, three institutions the Con.
solated Association the Commercial and the Canal are
forced into cessation of specie pay mens The remaining
FIVE corporations viz the City, the Union the Louisiana
The Mechanics and Traders and the Carrol,on still
hold ont manfully, and resolved TO hold on to
Che end There can be little, if any doubt of their
ability maintain their ground The circumsances nm
der which the recent resumption commenced were Ger.
ainly untoward and -advised and to this more than
other is to be ascribei the failure We alluded TO
the want Of confidence existing among the Banks them.
selves and the hostility and Jealousy openly and fire..
Institutions had acted in sustained each
other the result OF the experiment might have very
feeling in the public mind The inevitable consequence
opon the banks which but the stronges,
OF them is able to stand.-[I Ibid.
THe B.vKs.-The excitement yesterday greater II
possible, than upon any previous day. The stoppage
the Consolidated Bank, announced in the public jour
mails oil :pe morning. and the subsequent withdrawal o
the Commercial ami Canal Banks from the number o
specc-payns institutions, completely unsettled the
public mnt that the counters OF OF the paying
banks crowded to suoc until the expirasi01
banking hours The conagion of pular dsrust spread
Itself to the dcpostors, who became fdgcty uneasy
suspicious and considerable assisted drain
ns vaults already beset with the multitude. The
distracted were enormous.
as with no little chagrin that acqusnt the public
iAa City Bank, which had borne the brunt of the
eriss with such tor,itude and resolution has
ouscohhae cash payments to day There could be no
oSsing he iact that some OF her dcpositors had been
shaken IN their faith conancy and her directory de-
eei last evening rather than accep, the assistance a,
'-' " Sf"" ~
There are nov four banks tina, continue spcce nav
msnls-the louisiana, Mechanics and Traders, Carroi
the p,c