New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-10-05

~. divssend d more than 50 al IN the pound IL
sd h.t th<y are largely indebted 70 American trms
Another Glasgow nrm. Of cqasl mssniigt~. stopped
on .h- osJ-the iiih MT Aes.f'- 1E1AhI I'LL
PFor5rFss 4 co OF G'ssgow, tra5cd on isrss srAe
.ith fpsis China sd :, 9TH America Iney have
trsrch sssN shneui = Canton bit tbe ofelen nouse
i. b. i-ved Vii remain perfectly solvent Ibis - tn@
frm n wILLiss a ms GsMNkLL ~. oi C"nioH
ia mentioned sb1a $4,000 b-i ihey ~ gIoos
ti- fzr exceed ftif srr luDt
Irmeci,is'r a Nirf IDS failure ~ss y a. u Nessrs
T'uo~.s porgrr Scs L Co Corn merchants oi Lon
.,,r atr.s d.t.ife, all not exceed slct 90. al
Ter dividend sbtciy sici from inrif asst' loan
81 = he case sith CHER arms which Esve recently
sIopFet. ..t.
am of Yp.srs RirifAEp HAkAIs SoS vas rePoried
but i Eas sergard sscCran-e ihs; srrsn.e Nee s asa
ben made Whleb would enable t,em 20 u'ee' =. 1nrl
90 ixsiiors TIE house Of Nessrs. lboNA bON-L-
Co was also q tie sane condition tgi "a ordinary %
ussilo-s continue - BE- duly met Their temporary
ccf.u spilled merely TO certain seeepisnce' OF io'en
drsfs 49,.
Alter .ivs. ,he names of,hs recent ailars. BE IA;
rersrk. 10 TO The summary % failures Ne might sd
Numerous others Of smaller firms bot reference - the
Gse,1 viii show thst The pressure for money has Dot
teen experienced y the Corn usie alone atnouen j
has shown i,s ct TIE most powerfully IN that depart
rnert Of business Indeed. the Bills q parties 10 the
Corn trade sre now slnosi universally declined. and
unless there return o. coclie1cc OF sui'rn
rise n the price Of Corn u % ocu-i 70 sc "le4e 'D7
failures sre 70 sn5. 49,
F-orn tie I'm 70 the 18th the following additional
stoppsses took psc- Nsssrs HAsTiz & hvrcHiSsoN
sni Nes.rs TH0xAs UsB0ENE CO. Corn merchants OF
London The liabilities Of both touses % DOT exceed
gfs0O00 pes.rf ALISON CrNHERLEGE s Co 10 TIRE
south American trade and Asssrs SANDERS, " krhER
ALL Co. gh0lcss'e grocers ~ Sio,ston iees 10
Liverpool. Manchester and ether Pro'inc.A owls -
well - In lrelsrt there has been large runo-r o.
failures aor the smaller class % traders but me to;s-
amount Of their liabilities = ut large
Ne.srs. OczB & Co. Of Venice. and Messrs CrsTo OF
C nos are msuriored srons re IJrtln lfs teal cave
recently stopped payment
The DAN Ye-s Of yesterday remarks that there were
whispers The whole of The day Of cases Of ccnty oet
ID exec ,, what vas SAID VI eu1afT .smeas west %
Temp e-bar-for more than ore case Ia that direction
was TAXED of-ro fresh names were made free with A
s,oppage q, Southampton IS The ISOLATED instance openly
declared 10 connection with the Corn trade
Commercial credit says the Duly Vars, continues IN
Al ur,etted and precsrious state and o. many contn
yeuciss may srse % parties whether trey Dc inedi-
s,ely or remotely Interested In them that confidence IS
excessively shaken Anxious cave osen ne ns -i,Ss
IS 70 The stability Of particular houses The Idle gossip
Of some snt the foolish mistakes OF otrers caused oy
an assumption Of mystery and inuendo IN 'es illusions
made - suspected parres ha'iHs ei 70 n-en ~
doubt Comment and speculation have thus bee ireeiy
desf IN
The Mo-ri1g Head o. yesterday remarks ihs' CON
siderable unessness vas ei 10 the cry 10 coasee1.nce
Of rumors Affecting establishments OF clrerent cnsr'
ar,ar from those which have recently ALLEN ito ON.
Guilty. At time Ike the present The most unioanced
assertions frequently pass current 20 fsct unul coLuz
r.rtrr az exposed and 70 . cflrA 20 hLNN NNttitl
Information sascun- the credit c houses even q the
frst standing il anything more than pure inFeion Ne
fact the funds haTIr fallen confidently shows fet
much anxiety as beer et respecting the events which
msy soon become public. snd the knowledge that par
ties a very n-l standing were obliged yetertsy - e
ply % Bank Of Engani for assistance ha. hsd Al
u6fsvors5e eject on business
Reports have been 10 circulation during ihe sst eight
or ten days that fCrgerics have been Committed %
very large smouni upon Of the leading arms In Lon
don NJ names however. were given. and toe excite
meni IN the commercial and other public rooms 10 the
city Was consequently very great az no person knew
hos 70 protect 1ms II against tie fraud. u Sss finally
announced that the fOrgeres were the drafts % Nessrs
PAINE WAEp Co Of New York. ard thst they were IN
thu sands Of leading discount house sCchs ore oiihe
specmen. Of the grossly exaggerated reports thi one
frequently hears IN the commercial rooms IN me ciiy
Il appears ibsi bankers clerk hat c0un,erei,cd the
sgusgre Of his employers and from tbs slender thread
serious story wss Manufactured
The Daily F,rs 0f the 10th. mentioning the arrivs
10 landl Of gentleman connected With The house ~
Messri. PAINE WARD s. Co remarks that wide sis-
tncton IL o. b. drawn between Ills house snd 0uo nat
hss absolutely failed th- n - wealthy esi.tisnnen NJ
ID exslsnceis of course liable, under particular crcum
siance. have s crsI returned upon n NJ enc csn,
Tor instance elsrt se-nst such failures as We haye re
Gently I'D 10 the City Of London.
Ils same journal thus alluces q tie numerous re-
ports c failures thai sre daily circulated Liberties are
ss i ~. too commonly the case In Times 81 trouble,
snl taken wiki great names Dot excepting those Of the
arst banking aud commercial establishments In The me
tropoEs
An aclQn rs been brought y one lsfs. uiefc~nulr
house against smother for circulating rcpos tending ~
bring IL into ciscrrcit
The Morning Herald Of yesterday states ihs, the la
tiitiss OF Mcssrs. cows much greater than tn
hrsi named sud ihst heir means Ut meeting shem
are very small
The TINES Of yesterday states that IL now positively
settled thsi al the drafts Of Nessrs PRisE, WAAD & Co
on failed houses in EnglsDt will b. protected
in this letter have spoken only Of the recent failures
and their magnitude Ia another communication shall
refer 10 other matters
The city 10 hled with most gloomy reports this alter
noon The failure Of Messrs REID lAyINC Co zee
terdsy has thrown suspicion on several houses Of the
rst ma gnl,ude IL has been repeated to me by differ
ent nfuents persons that large house mas actually
suspended payment today. u would De dangerous ior
ne 10 mention names bu, be assured that the next
steamer will take the United states most alarming
and disastrous news. Your very % feff T.
P s-The area, house Of Messrs. HOWELL JAMES,
OF Resentst reported 10 Be uns5le 20 meet their en-
gsgoments.