New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-11-09
The propellers of the Parker Vein Co were sold at
slls.NoO


The sale of the Totten was postponed to Friday.
The propeDers cost from $4,000 to $4,000 each.
They were all bought by Mr.. A. c. Hail. the Balti.
more agent of the line, supposed for new Company.
The Exchanges at the Clearing. House were sl7,-
5s4 900. The receipts at the Sub Treasury were
slOO. $50; paid, sls4, sos; balance O. ,Oso,32O
The street was good deal excited by ramors Of
fresh money panic in Cincinnati to-day and general
run on the banking houses there The suspension Of
Messrs Ellis S.urgis was early announced, followed
by that of sturgs & Ellis of this City. Messrs.
Smead 81 Co. Bank also closed, and late in the after
noel Geographic dispatch announced that L. S. Coed
msn & Co. and Morton & Co., had also closed. Oar
previous advices led US to hope that the two latter
houses would be able to sustain the run and still
think that their closing was a temporary one, a.
prudential measure. All the above concerns although
not corporations have been acting as Banks, with
the exception of issuing notes. There is Bank in
Cincinnati, excepting the Ohio Life and Trust Co.,
and these concerns have been receiving large amounts
of deposits allowing interest on them, and keeping
I'D large line of discounts for their dealers. panic
of course induces an immediate demand for deposits,
and in this instance to an extent which could not be
met Tie immediate occasion Of the run Of to-day Is
said to be the failure Of the Circlevie Bsuk one OF
the Oldest banks in Ohio; but more probably The
dealers Of Cincinnati have not entirely recovered con-
fdence in their bankers since the explosion OF hessrs
Ouicalt & Co., Manchester, &c, &c, some weeks
since. Messrs Ellis & Morton, and Messrs. Ella *
Sturgis succeeding them, have filled q very import
ant position in the financial wcrld Of Cincinnati, and
have done an immense business, having had, on some
occasions two-and-a-haIf millions OF deposits, and
two millions of discount paper. 1t is understood that
the profits Of Messrs Z. & s., for the year ending
3Oth June, we're $780, 900. This concern has previ-
ou.y gone through several severe runs paying every
eollsr demaDced, promptly. Their liabilities are sup
po.ed to be 81 COO to o. 100 OOO including about
slOO 600 Of &c running on the New ERIK house.
and their assets are set down ct 81 400 900. party
wen informed in regard TO the matter, speaks Of their
assets az frstclass and is confident that the house
will pay everything. We regret TO learn that the
| senior member Of the firm Mr.. Ellis who has been
an invalid for time, was unable TO sustain the
excitement Of mind which his failure Induced and
died about noon.
Messrs. Goodman & Co., and Morton & Co., have
been considered very strong, and have occupied q
highly respectable position, and their suspension,
true, cannot probably be disastrous.
The Treasurer Of Ohio hss not yet provided tx
funds to take up the protested draft on the sat
Agent, Mr.. Egeron, for $4,000. Such trifinI viii
State credit deserves the severest reprsbension.
About 500, oco has been subscribed to the capia
of the new Merchant Bank at Cincinnati The cap
tai i. fixed at 100000.
The Bank Of Cicleville, Ohio which Is announces
a. susp. uded wss one of the few old charters mso
ing in that State. /, i .upposed to have been wreeE
IN The rrssl.,,o,n q, Indiana banking. In which, Il
n,;nc;raI Inc. wers engaged. The Miami Vale
Bank of Dayton, of when n IT, 49, 's,ois 81
nOuDced failed. W" owner, Is aHo repoT.ed to has
| suspsaded!s