The Arkansas banner., 1847-10-04

t@ fA4A&fc VI taS hClt AtfeAB B11SG Od Fame. Ward X Co. of New York. haS created yeyy gen. etal sensation throughout the commercial cosnIap- nftss of the coanary. 4 New York lefter ssys .Tbe liabilities are stated al S2.000 eco: and the means of the krn are said to have been used up ir margins" on ' commission blsisess. Their bills were stzted to have been running on Giles & Co. of London-one of the snspended hoases-to ,he extent of some 100, ,o0o bat the produce is there to meet il. The news had the effect Of causing withdrawal of tas deposits placed with the firm by the country b1nks, and So depriying taen of pres enf means:
 lowing. relative to the suspension of Messis- Prime Ward k Co:
 ..The firm of Prime. ward & Co, is composed nf Mir. Edward Prime, MT. Samuel Ward and Mr John Ward, who was also a partner of the 6rra of John Ward k Co. Hence the following notice aud Noties--John Ward this day retires from the firm Of John Ward X Co.
 JOHN WARD.
 New York, 9th September, lsE7.
 NOtlcs.-Mr John W&Id having this day retired from tke firm of John Ward X Co. the business will be continued by the subscribers the remaining part ners of that firm, under the krn of Ward k Co
 VIM. G. WARD.
 NATHAN T. CARRTL.
 New York, eth September, ls47 The Csarier goes oa to say:
 "The suspension of Prime, Ward & Co. is, what
  hle preeaaton-Eaher than Of present necessity, as no bills fiom Europe were returned upon them by the last packet And their engagements cn this siae until the period when the next packet is likely to arrsys could, 1t is believed. have been readily pro- yie<d for.
 But, looking at the whole ground, this firm pre- ferred the ceftaissy cf piomP; suspension which woald eAabic them to meie out the same measure of payment to sII to the possibility after struggling on tor time and satisfying some claims in fu. of beiag ultimately compelled to stop payment, and leave other claims oniF partially provided for.
 This is high ground, certainly, and quite in eharac
 It is said that this house was the principal agent in an incomplete negotiation for the sum of about oae million of doIiars be furnished SoF the eo- plstiOa of the Chesapeake and Ohio Canal.
 The New York 7.isaas says:
 .sWali street. this morning was greatly agilatet by the announcement that the highly resy ectabie Exchange and Banking House, of Prime, Ward k Co, have suspended payment- Ii is understood that they have made large sdyasees upon Floar and Grain shipments to houses in Engiand, which have and are to turn out very disas:rousy The liabilities of the house are between one and two millions. large part of which Is understood to bp held by the Earrings, who have protested many of then bills. The London houses which have recent " failed, Messfs Giles, Ssu k Co., and MessTs AL exzader k Go. 1t sboPed wiR ss able b pay tweN Y shisiings 10 ihe pound. Tn winch case. MessTs. RTiMe. N ara N Sos VIII toOsc cofopAf1bSeiT HsfS- And at any rate tsef sssets are sey large ard he deficiencies we shouid suppose, could aot be very considerable
 The New York Sss has this paragraph ca the subject;
 This painful occurrence called fofth general outharxt of regret and mpathy in every quarter of the city. T..eis hoacs ss4 .ss.sgrify @eEs proFer- biai and their Bi.is oi Exchange as current m Can f0a, L0gsdoa and Paris. as ia Wall street The event is p4he calamity, while the attendant esr- cuMstAnces add to Ii degree ot aziloaai ilapor- range. They have nos fsis-E ffoa isfnaisssssssH; or indiscretIon theis part They Ase -fEfrI- csa saonyacs to BTiisA REpsdiuiisa. Thes down. i has been produced by inc return of Biiis of Ex- change, which they had drawn bankers. against shipasenis of psodGce seat forward io EnSian6. British merchants have the pEodsce bat Eei2se io pay for <: MessTs. Edw. Prime, samael Ward and John Ward, ho composed the Gfn, wicked the experience of half a century, during which time. they. fhsiF parents, had passed assca;hei . Ihrcagh the severrst eomEleSeiai resaizioas- fl the organization of the late Prime, WzrG & King, they took fron then private fortunes and invested ia ths firm ax hsagTea lsosszaa dollars in specie. every dollar of which has been swallowed Hp oy ihs t4Pseioas Eaaw os British repGdiaiinHs his. lacy ~isriy coaesaded, w4s Vprsl-h 10 fps<. if thslf capital had bsea iixe I4ioas Il soaii have all goae the same way. No boae<t man can blame thena under the cirramstances soS ssspentsng- II ~As the csly Jadcioas eoarse te Pursae. They dsd per feetty rsghi-"
 The New Youk TrSbune of SaiHrsAy morning says:
 The ssoppage 6 Prime, Ward X Co. still fofas the staple q cnaYeFs2toa ia WaIi street. II sap posed th4t some of l.se pGrhes whe have bought blls of ism may he esaAArsAsssi, bal a AI ss Se learn ikefe is d2Ages ef any further saliaFes IL reported la2t sss interior t2zks had dePc- ssied xlth tsss hoase Eaofa ihaa i;s capital We fad. on inquiry: ths; th9s is noi so. The bAEs "a qGessIoa Las Sie0 poo half ifs ansaa; of capital ssposst wi;a Prime. N ard & Co.,, zssa asaiFs lhs ioss, ~aalesr !; sy res1k Ia has sGFpsas s( s-5, ea0. We learn thai its .AiaaHr BAaks wAii ssatin- se to receive iAe notes nf the bank kaiaded t5- f ---~-------v----~