Oroville daily Butte record., 1857-11-18

failures included the Harper Bro, Bowen &
McNamee, and other heavy houses in New
York
The assets of most of these houses were
much larger than their liabilities, and they
were forced to suspend by the utter impos-
sibility of obtaining accommodations
On Friday and Saturday the Illinois Gen.
tral, and Michigan Central, and Erie Rail
Roads, went to protest and made assign
ments.
These occurrences undoubtedly precipita-
ted the climax which occurred on Tuesday
| There had been serious runs upon some of
the New York and Brooklyn banks, and
of them had been compelled to close doors.
On the 18th, up to 2 o'clock 10 minutes.
city banks had suspended, Of which the fol-
lowing is a list, viz:
| Bank of New York, Artisans, st. Nieho-
las, Chatham, Ocean, Market, Butcher 81
Drovers, Merchants Exchange, Savings,
Citizens, Tradesman, Bulls Head, n. Y. Ex-
change, North River, and Marine
The assignment of the Illinois Central Rail
Road caused great excitement in Wall st.
A general suspension resolved upon.
New York, Oct 18th, haif-past 10 o'clock,
p. NJ The banks have resolved TO suspend
specie payments, so far as paying over their
counters is concerned, and TO make all the
regular exchanges of each others bills at
the Cabering ffouse also, to send "A commit-
tee to Albany to confer with the Governor
in reference to an extra session OF the lege-
lature The committee leave to-day. This
is propitious. The following is the official
report:
A meeting of the Associated City Bankers
was held on Tuesday evening, Oct. 18th, at
l.. al L. ,nVitx nf fha hoYl
represented. On motion Of Mr.. Knapp,
seconded by Mr. Dunham, the following pre-
amble and resolution were adopted:
Whereas, In view of the excitement pre-
vailing in this community, and the fact of
the actual suspension of number of the
banks of this city;
Res0lred, That it is expedient that the
banks OF this city suspend specie payments
to morrow.
On motion of Mr.. Severidge.
ResOlued, That a committee of three be
appointed to proceed to Albany and request
the Governor to convene the Legislature, to
consider the necessity of enacting some law
to give relief in the present financial emer-
gency
Messrs. Gileston, Durham s. Knap, were
constituted such committe
On motion of Mr. Gallotne,
Resolved, That the most energetic exer-
tions shall be made for an early resumption
of specie payment, and that it be recon-
mended to the banks to make no dividends
to their stockholders until the resumption
of specie payments.
On motion,
Resolved, That the proceeding of this
meeting be published in the morning papers
Signed, THos. TILosToN, Charm.
II. 5. OAKLEY, Sec'y.
A Frightful Catastrophe
Happened on the Central Railroad on
Thursday evening, about six miles west of
Syracuse 1t seems that the recent rains
had weakened san embankment at 9 mile
creek, so that when the train carse along it
gave way, and the cars were thrown one up
on another into the stream. 10 add to the
horror of the scene the mail car caught fire
and all the MALL bags were destroyed.
1t is stated on the authority Of the New
Orleans Picayune, that forty passengers by
the unfortunate steamer Central Americl.
are now detained in Cuba, being prevented
from leaving in consequence Of the stringent
quarantine regulations. We hope the state
ment is correct
Great Fire In Chicago.
A fire occurred Mt Chicago on Monday
morning, which destroyed property to the
amount of $500 600, on which there was
an insurance of about $500 900, Four men
were buried beneath the ruins of the build
inps, and was feared three others had met
with a similar fate
Captain Moore, the Agent in Mexico of
the Chhuahua and San Francisco Railroad
Co. writes that the Tehuantepec grant was
unfavorable to the United States, and but
little use to the grantees lie thinks the
new constitutional system likely to expire in
financial inacton, and says that President
Commontort may, as his ambition is equal
to his for time, make himself Dictator for life
at leastuntil the next revolution.
FOreIg9 News.
The European news published in the New
York Herald of October 22l, is unimportant.
The monetary crisis had been severely
felt in Paris and Vienna, and has also ex
tended to Berlin aud Holland. The rate Of
interest at these points had been raised.
Numerous large jefalcations are reported.
Accounts from Spain announce the accept.
ance of the resignation of the Narvaez Min
istry
Gen Miresal is spoken Of as the successor
of Gen Cor1ba as Captain General of Cuba
The loss Of. the Russian war ship - La
Porte" with all on board, numbering S25
souls. is ore. of the most appalling marine
disasters on record
Official report states that she was laid on
her side an6 foundered in few moments
There had been terrible storm on the
English coast
The American ship G C. Kigaball, from
Sunderland, bound to New YorEs had been
lost. Her crew were saved.
f,1. i