The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-19

have not from any authorized to speak for
at New York. and three houses at San Francis
co New York and st Louis viii contin TO conduct,
but within their own control the immensely large and
profitable business in gold shipments which taey have
secured in California.
is supposed BY many that, e they haa had this
rapgemen all along and their business certainly just
fed IT. the recent i'll fate you'd not have beaen them.
PUBLIC coSFIDENCE.
capital restore fully the pubbc confidence
laton monetary affairs st this tlns, presume the
following card subscribed by many of weai,aest
citizens, must have that effect The gentlemen who
pledge themselves ami their to make
good the deposits the banking houses named, repre-
sent at ieast eight sa ons OF dollars This certainly
sufficient for the most panic stricken aepostor. Besides
hibits moral power worthy Of the highest consdera
ton. Men, impsled by honorabis motive to proe ct
her commercial credit and the quiet OF tn, comnan y
have volunteered their private fortunes the purpose
and no one can require stronger evidence Of the entire
The undersigned, knowing and relying on the ample
ability of the following bank houses the city OF
81. Louis and with view OF quoting the public mind
in regard to the safety OF deposits mais with hen,
by pledge til. msevss md otter guarantees taeir
property, to good ali deposits with either Of said
banking houses, TO wit:--Messrs Lucas Y simont',
Lost & Co John Anderson " Co.. Darby 4 Barksdae,
and BoatDcD's Savings Institution.
Id WaLh, John How,
Ioiis A, Labtaume, James Harrison,
J. b. Brant, Anirew Christy,
.
ST. LOUIS, January IS, 1855.
PANIC ON CHANGE.
SATURDAY EVENING, Jan. Is.
Transactions to-day 'Changs, extremely IL
nited, amounting Indeed to but few lots of gran AMI
these principally TO feeders. Our entire population
IN an exciem. mt OF an unusual character growing out
Of n financial criss Such another scene has never
before been witnessed In St. Louis Since the suspen-
zion OF Eelcher Brother doubt has been enter
tanned relative to the ability Of few houses here ADD
elsewhere, to maintain their credit; and VIM this
morning announced tn. failure Of Page Bacon .
las "a
upon our bankers the nsequence A large
amount of deposits withdra drrng the day. bat
to the hour of closing business "a oclock), the DIFF
ferent houses had their standing the puo
lie satisfaction Several OF the bankers kept open doors
until daI. exhibiting thereby their Willingness; a. well
pose from the manner In which depositors have been
ensured Of the salty of their funds that all excite
ment ceased at the close Of the day. ana that may
1 not anticipate continuance Of the Monday
There is certainly no JUS, ground want of cond-
deDee at present. Nessrs Page Bacon state taeir
assets entirely ample for the liquidation Of every de-
mand against them, and all must be awar. that Lucas
smonds, wen o.ner houses are fully prepared,
ii a short time be required for the purpose TO re-
deem, 10 the utmo iarhing Their indebteines. The
wnS,e e,suy - mere matter Of time. The Boat
oans and few DAYS only requisite to collect these
loans aad iepensh the vaults Of taat usation with
cash to the full extent OF its liabilities. There Ia
ten,on to ssnole a single depostor and conf
dent that WITH the exercise OF proper conencs and cool
reflection, the smallest loss VIII not be sustained
GARD OF LoKER, REN,CK & 90.
ACARD.-The undersigLed, while they deeply regret
the difficulties alluded 10 10 taer notice yesterday,
nasen 70 assure sns,I aePositoFa and east3n;s ta.
that at an early day they Wi, resume pay nent III part
If In WHOLE Those having notes crafts left here
for collection will please call and get them a,,,,o 20
| Correspondent Of the St. Louis Republican,
/ THE SCENES OF SATURDAY.
How useless and q. the same time how injurious, are
| the pan,cs sometimes got up IN com nunitesl
People bereft OF their ordinary quet Senses and
rush state Of alarm 10 acts which, unier other cir
cumstances, they woad never commit.
A. u. has suspended, therefore all to conclude
body pay, ami they ell rush to their apprshen
good not rceolcctng that she OF every man.
In order to be usef H. mast be actively employed
aud II employed cannot in moment be made avaiia
| BILE without notice.
There has been some ,ney excitement In city To-
day-let us calmly its basis and think every
candid inquirer viii agree With me that It was most
unnecessary excitement.
has been unable To meet all the calls made they have
all stood the rush. and think all can stand great de-
than possibly De presented against them Bat
| let us contemplate the matter.
The Boatmon's Savings Institution is place OF de-
posite for ganthat is persons psce their money there
that 1t may be safe, and .. ths same time may earn
| son ething Now every body knows ths. money must
be loaned that IL may make interest; and hence tn
institution has dscountsc paper, which Is abuntantiy
secured ard will be PAID al maturity; but can depos..
tors suppose the officers can have the money on hAod
they must the impossJ,hty OF this thing And
yet they go to draw their money.
bad debts made the notes sl good, they can
al be called in within ninety days. and all depositors
can be paid. But waat can these persons do with tue
money they have drawn today IL may Do sail It IA
cafe In their HANDS. Possibly 1t may be; bat :;
would have been quite a. safe Were It this morn
ing and where most OF IL doubtless will again placed
Monday mornng-the Boaimsns Savings lnstit i:on.
Now look into toe banking house OF Lucas 4 uaonds
how strange II is that tbereshoud a RAT Them
there was TO day could any for moment sup.
pose that they not safe depository
good for all they owe to their depoNtorsY NO Sbu
VIII re hect can for momeDt suppose thay other.
wise than secured for any amount the house may
But they had reason to expect last night that "a
day they would be called on TO pay all moneys deposited
with toem why should they expect its rners no
reason. They bad cash on hani sutheisn. TO meet all
legitimate cemsnd-more they need NOT have had Bat
without notice or reason TO expect they are css on
by some % pay and therefore, others alarmed aud
they come also. All who jme paid bat many
others cone with confidence upimp paired tn sov-ney
and ability ana integrity OF the house and they deposit
largely Thus probably, even thus day, the deposits
largely exceed tn payments And should u pot be
ssf Contemplate the immense wealth OF this house
look at the head Of n-worth Millions unenedmbsred
All the members OF the house with imna means ~hy
should confidence be impaired They 90 DOLLY legtt,.
Mate busiuess-are not engaged in speculation. No
thing could b. safer than deposits with thea AMI when
the people baye moment TO renect they sill the
| folly Of becoming wild.
50 also with Lewis A. Ben ,st He ~ also immen seIy
wealthy, does he engage in any hazardous spscua
tons He s about the oldest broker here, aad w.l 60
through this little trial unscatched His means
ple-nobody need fear But he had either to
expect this and does unfair 10 attempt thsss at
tacks, which must derange all operations and for
winch there necessity. One thing 10 certainif our
baniers are impaired all our operations are injured
Now let ALL as citizens Of st. Louis, Determine ~ use
every effort to aay this excitement because II IL goes
shall all suffer but no will bs bench tied
Why should the closing Of the doors OF one banking
house this morning., teiegraphic despatch from
fe,tly SOLVENT
Pags Bacon ars very rich think the head Of that