The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-20


compel the freedom Of the poor Yucatsn Indians, SOLD
into bondage BY General President Dictator and to be
future, unless by strictly voluntary emigration is
confirmed.
terday who remain without knowledge Of what may be
intended Tor them BY this government and are as com
Portable be under SUCH circumstances.
We have nothing Of moment Of political character,
and every occupied with business projects
revolution and disturbing powder at Baracoa were
thousand years removed. The morning issues send
The steam is up and am off, D.
The Monetary Affairs OF St. Louis.
THE PANIC MISUNDERSTANDING BEooMMENDED-Ex.
CIrEMENr IN THE COUNTRY, ETC.
We take the following extract from the St Louis In
teligencer Of the 10th inst
CONFIDENCE RESTORED.
As we hoped, a days cool reflection worked bene-
fcal result and the panic OF which tao Journals OF yes
terday full amongst the things that were
Quiet and confidence restored, and to day scarce
ripple win remain upon the surface to remind Of
TIE storm which suddenly rosc and less sud
denly ued to disturb but for brief day tie current
OF our affairs.
Somefew, principally those attracted from the
try by exaggerated rumors borne from the city during
Saturday presented at the counters OF tho
brokers during yesterday morning, and something like
continued for brief period upon the Boat
mems Savings Institution hnt the plumber that came to
before thing that betokened uneasiness was
completely gone.
which, passing other large business commun-
ties Of the country has left ruin and desoaton behind
it, reached US al moment when was least expected;
the critical period supposed to have gone by wen
without moments warning, II burst upon us, but it
swept away with 1t nothing but the ildeaned doubts
and fears which the rumors of distant disaster had
created here Our banking institutions unaided stood
the shock and at this moment rmer than before it
came At no period has the confidence Of our citizens
in the banhing houses of St. Louis been strong
the close of the panic Of which Saturday morning
the commencement and Saturday nigat the end.
This is matter not merely Of cong -atuation but
worthy of note and remembrance at home aud abroad
The evil announced in issue of Saturday morning
,topred where began The temporary suspension Of
loved by unexpected and upon other
banking Institutions. Sudden these suspensions were
unity afforded for the slightest preparation to meet
this unusual ap6 utterly uncaed for rum and yet In
banking house vas demand for deposits male that
NO opportunity for mutual unders tandiDg or any ar
raneemett for mutual support in this emergency which
fo,esaw and for which none were bound or could
be reasonably expected TO BIO prepared the stronger
could net to the support OF the weaker those
upon whom no unusual calls were made presume upon
this to afford ammunition comrade for
it impossible TO tell what direction this panic-ut
tery unjustiGsble groundless and unreasoning II
by the necessity Of the to stand by his locker
and, survive PERISH to rely wholly upon his
Yet, one for single moment, faltered
showed any signs of giving out. Draft after draft
was made, in steady succession, from the earlies.
rils as luck would have It, came day when II Is
The custom for banking houses to keep opsn to Later
hour and when the last haul made, gu Of bot
ON bad as let been seen and was evident enough to
he most sceptcal that the attempt to exhaust the
sources upon which such pcrseverng attack hal been
Thi. in itself haa direct tendency to restore conf
dehce The people had taken the to try these
institutions, and they had stood trial under circum
stances than which none more unfavorable to them
ould be conceived without manfesting the most dis
tant sign Of giving out But when the leading Of
wealth OF the city forward and private pro perty Of
bose way directly inter esed in the nater was
pledged to the amount Of six millions for the security Of
deposits N the brokers' hands and it was understood
that millions that the whole property OF the city.
indeed need bewas pledged for this and 1t felt
how entire the solidarity Of interest and feeling be-
tween merchants manufacturers and bankers, how
complete the confidence of the former In tho latter
and how devoted each and all to this maintenance
for city Of that spocss fame which has made her
the envy Of the mercantile world, and raised her to
proud emnence, high above the troubled waves Of
these stormy times-then indeed, the tmid began to
blush at their Fears and it felt that the credit OF
city and Of b. nkers was impregnabe as rock
The panic in St. Louis will De found to have been pro-
duetve Of nought but good The vessel which has been
tried by hundred fold pressure upon part selected at
pleasure by those determined to test It to the utmost,
be safely trusted thereafter TO Withstand all orlna
strength.
Our banking houses win from this time stand higher
than In the esteem Of ALL they have been weighed
In the balance and rot found wanting.
THE BEGINNING OF GOOD NEWS.
win be seen by the card Of Page Bacon, that the
Bank Of America New York, the frst banking instta
ton In the country has at forward to the aid
Of Page Bacon This we set down as but q frs. in-
stalmeDt OF cheering announcements We learned the
worst at frs and as we said in giving it to the public,
matters turn out to be not bad they seemed ut the
outset. From this temporary check, tonored and
enterprisibg llov citizens will but gather force
continue their heroic exertions viii: have already
brought them through difficulties that few but they
wood have dared to face. We make this publication
with joyous hearts it will give the nceres easurs to
thousands who bave direct pecuniary interest in tine
matter, and must still further confirm that confidence
which the events of yesterday suced to restore There
Is no Western that will not give his sncerest sym
pathy to Page Bacon in this struggle In which they
have been involved by their zeal the interests Of the
West and Western heart that viii not rejoice that
30 pow erfu has been stretched out them in
the hour OF need.
TO BUSINESS MEN IN THE COUNTRY.
We cannot too earnestly readers In the
Try against the exaggerated rumors that spread
abroad as to the supposed excitement and failures In st.
Louis We assure readers every where that there
has not been will there be failure OF single bank
er In St. Louis. guaranty OF Of wealth,
amounting to near - 600 900 in amount fixes that
fact beyond peradvtnture. The suspension of Page
generally believed to be Of worry temporary duratonei
TO derable excitement for few hours on Saturday
but On yesterday It all subsidized and before night the
city was quiet busy aboat its regular duties and
as confident as We ever knew 1t to be.
1t vas amusing however, to and bear OF the per-
sons in the country, who had deposits 10 the banking
houses in the city. They driving into the city,
with all speed and breathless, and pale with em,tioa
and every merchant gone 10 the ID n was tb"n
derstroke Of SURPRISE when they got TO- Hod the banks
with open DOORS the cashiers behind the counters pay
and seader than ever before seen on Non
day.
1t was complete "sell ~ and the surprised, and We
may add delighted, countrymcn stamnsred an apology
for their abrupt can-inqured confusedy after the
health OF the ban er and the bankers family, and re-
tired to jog along heme again wondering at the equa
nimty Of 81 Louis, and at the worlds propensity for
"sgonies."
MEETING TO SUSTAIN PAGE BACON.
We have never known a more spontaneous and hearty
outburst Of sympathy towards any than has been
manifested universally In tn community towards Page
Bacon In their present They were struggling
in the service Of st. Louis and they had for and
almost years. been carrying gigantic burden; and all
made unpaI aeed exeroas bat the OF the
country have for the time crushed their efforts But
shall they faif Never-never.
Let the citizens Of st. Louis meet and give II their
material aid, that moral aid which rich powerful