The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-10-22
The Panic In Cincinnati.
From, the iucin natl GAzotta Ost IA


This hss been day of unusual excitement 10 Third
street In the mo,nieg p B. private bank.
caused crnsderabe talk but the number Of depoators
in that institution being small and the event being
locked for BY parties acquainted with financial matters
1t did not cause much excitement We know nothing
at TO the liabilities assets OF Mr. Manchester, but
the gentleman himself says he will be able to pay all his
debts.
Almost simultaneously with this occurrence the re-
port Of the suspension Of the Kentucky Trust Company
ss mt
y. 1his increased the excitement and run was at
made upon the Ohio Savings Bank OF Fourth
dent Of the Kentucky Trust Company Bank and princi
pal proprietor Of he Connersvs Bank Zone Of the In
ized under the Free Banking Law ohio but its
iAtion has been chiefly not entirely withdrawn The
notes the Connersville Bank, and the made
by the holders Of these notes and depositors.
About ! o'clock the doors o. the bank wsre closed
ausars high character for honesty integrity and bu-
sness cspacty depostos fee aoeasiuess and We 90
savings Bsrs or he B.ua Of CoonersviIs Mr. san.
fords ecr's to sustain the Kentucky trust Company
Bank led 10 the cfniicpltes on thiGade
BY two O'Clock, the excitement had spread pretty
generally through the city and before the hour for clos
cofiec,sd on Third street bssssea Main and Walnut
ard . commenced on Eliis Sturges Ard the
checking or t~o Of thu cer heavy deposit BAaks
pretty strong hut the whole oid Dot amount TO
great deal and II the parties who ely look
had abssn.ed themselves, the crowd would have bsen
ed Ths run, In previous cases, eouaued chi y
TO email deposisors-a that sssJ alarmed ard
fail TO make great Sus. Houses tina. have
fused suoh deposits not, will noa be troubled
With reference to the KENTUCKY Truss Compsuy 8suk,
have already stated that the failure Is bad
1hs circulation aid TO be nine hundred thousand
doiisrs THIS Bank stsried VITA large no
Einai but a small rsAl capital, and daring tn, nrst
20 ioC a IT. exten it badly very badlJ aged
When Mr. SsDforA took the Presidency Of tos bank
1csrd Of III, ectors clscej aod efforts ~ers
nsde to place ihs sars OF the in titutin upon safe
footing but tn owing partly to the Snaacial 1cul
ties that have prevail ed throaghou tho country did not
| prove guccsssful.
~ the time TIE change made in the dire tors hiE
OF the bank took sion 70 rocs the fact ~ IL
previous bed seraept and ts thea unsafe condition
| and for this We censursd but tic result chow
that Il woul have heen bsttsr for all concerned II in
| Bank had been wound np at that time
| Mr.. sandford msde assignment Of all his propsrt
'his sfte ncon Add this will be than sufficient
| pay al his cr dtofs
A sstenopt Of the condition Of the Bank az Ksnawh
will he found 10 our advertising columns
Ihe market for exehspge wes untetted to-day, OWN
te fhe arctv Of currency and the prevaun ng excit
| mept hut the reqrlar rates we're | IN premium :
Lever rates are aatci pstsd In the event of the pr
l sent state of affairs continuing
| The notes If the Indiana free banks with -,
three exceptions. not available either " bsnk
trade sou< fifteen are purcbsssd at o - 8 mar a.
discount md for the rsnai,asg there = no sslA.