The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-10
ANOTHER CURRENCY MEETING IN ST
LOFTS

LOUIS.
LANCE oRowp N ArrBNDANos-ILLnoIs cuaRNoY
Puf AT Pan, ITO.
Prom NE g. Louis DemoaSs OcA IL
The adjourned meeting Of the merchants ssd others
beld yesterday morning a the Ezchaass Hall was very
me HOUSE being called n order q IL O'Clock by Prs
den. Anes Geo. RAsssY, chairman Of The oonmitsee 70
whom was referred NE resolutions Of The previous day,
ssS:.sS =: as;Si:;
Ioa.er sno TuoEer. - ~"''
% S.S ss By
mss .ooined recommend thai ourrsnss DO
iSss.0sisssy: Gsa, Garner. HORN md .nse1~S
ne motion a.yns is,sd III jSSuAsr osrss he following
q Their d,.srss.sa. upon Inc nsin
esaS Tuesrs sso Ss Chairman
Ths resolution Of Mr. January referred TO In the above
report which was not furnished n, 70 tbs eec hat
atare n their session this month, State
BONDS FOR the present, and 10 adopt some measure
whereby tae credit Of those already issued may be su
tanned
Gen. RANrHY accompanied his report with few re-
marks, stating tha the desire OF several merchAnta
with hom be had conversed that currency be received At
DR.. BoERs STEIN, OF the Ansior de Wesees them came
being no1 ae s. Se
consequence would be SIN greater flowing in Of that
money and AN greater noarrassm sa % get RID Of T.
He had taken that money into Illinois himself and could
not dispose OF H. He then offered the folio wing reso
riion:-
re resolved Tha. we, the merchants: nauufscurer ard
debts merchandise specie funds will allow
prsDOm O. y, ten per cen-sa' tina TIVE viii take " cents in
and sss n dc OF hands WORK
Dr.. BosESsTxS supported bis resolution BY some pert
ncn reuarks suggesting amsnE other things, hss good
70 get Ri Of present difficulties would be for the
merchants to agroe upon general extension OF credt
anorg themselves for period OF sixty days BE thought
this would away with the present system OF borrowing
era corntry merchants would have paid up and all
would be prepared 10 meet their obligations he thought
na Ssnss Coa,s agree ,S 70 me
Some confession resulting u the close Of the Doctors
remarks the President called the house 70 order and sid
repor; OF the committee.
motion ~u made and carried that the report be 70.
ce,ed, and the committee discharged
The question then came up on Dr. Boernseins resolu-
lions.
Gen RAsssy moved the following amendment TO The
second resolution
Kesov,d That We accept pay ont Illinois currency
aTH
The question taken on the first resolution which
was defeated by . unanimous VOTE
The amen inent, or rather the substitute Of Gen Ran
ney, then put and carried BY LOUD and universal
The second revolution Of DR. B,ensen Ugh designed
only for tho protection OF ths Aborng glasses with
considerable Ill humor from Of the indeoorous
ones OF the meeting.
The meeting adjourned In good humor and harmony.
JAZZ. II. LUCAS 4 co.
We have received communication from this house 10
sioDs 10 In sasing the controlling
be the embarrassment OF the branch house In New York
we are Informed oy me communication mat !he Ne
and fulfil al crgsgements thai II has bad NO dealings In
Western exchange, and has incurred losses BY any fall
ures here or elsewhere Tho Of the suspension Ii
attributed TO the very extracrdisary and rapid withdrawal
Of depos and the very general payment by debtors
Of their obligations due.
MoEITARY AFFAIRS m ST. LOUIS.
From the 81. Louis Democrat, Oct 3
This evening closes unprecedented day and week In
The history Of 8 Louis Never has she been tried be-
fore The ninety sixty and paper maturing 20
and the present troubles Of the currency question:
spred 70 render season Of embarrassment, tho
have safely passed through cannot be ferven
quens In thanks 70 their good fortune More than
though We Are ersSaed 70 hear that among Ss ~osr
cannot be found tho paper OF Of important houses
ess extensive yet ner energies and hs Ssp
their friends have enabled them thus far 70 sustain the
quito . gloom was created, this morning, by the
OF the failure Of the large and important
house OF Chouteau, Harrison Vale me general
cernson was much heightened In the afternoon by the
closing Of the doors OF w. Clark Brothers, bankers
OF this city In the latter care, meme OF In customers
s head Of he n ma 'nan
forming him Of the suspension Of the firm In New
York came 10 his hands while he was In the fullest
confidence In bis resources. and entirely free from
approximations 10 the stability OF bis partners any
Of The cities ef the United states In tho former the
by many OF The nrm here, Chouteau HART
Vale, sisoe the burning OF their rolling mll
have been aoorng under The and
Works, and their OUTLAWS upon the Iron Mountain Rrosd,
together 9TH the d. handed for the reconstruction
OF their mi1 have taxed their resources In the most try
Ing Nevertheless, the probability Is that they
would have sustained themselves but for The failure OF ?.
ChouteAl, Jf. 4 Co., In the Evt
Thus w be that these failures may not be a,tri
bued 70 he weakness OF 81 Louis houses The
eanno, fairly DO laid ooor and In viev Of this state
81 hinrs our business should not permit themselves
10 give much importance 10 the suspensions.
Tho house OF Clark o., 10 the East failed, u
which they had largely invested The branch hero has
posted The following card
OFFICE or K W. CtiRK 4 BRos BAsKxRs,
Tn. pre.en, nnonery pressure h.s comoesd
our several houses 70 temporary suspension Of caah
nesns s,s very large sna Of Kind usu,y
spe-dy ssscion OF ali demands against us and rssam,
nol ofour business
lie WIN o.
sr Soo.s o written up and bose Are re-
quessd 10 rake payment S soon .. possible. We viii be
he c'sdsu ~ cS5 ...,s,n sOSse' and n ne meantime
W. CLARK BROS
Tns bouse hrgey ineyeueo 10 several OF the Illinois
banks, which of course, win share the disaster. The
Grsyvile Bark 10 ono OF them.
The house here publish a card In another column, BY
which IL vili he thai the suspension In New York
win not Affect the house OF E W. CLARK o., In Phadel
pbi.
Tne faiure OF p Choutesu, Jr o. In Me- York 10 al.
uibuied chiefly io their connection with the Illinois Central
Railroad, which though Of tho safest ultimate invest.
mens 10 'he -hoe country has recently, oy reason o.
the great Dc probation In IN stocks, been compelled 10 call
for an nsalrent or 10 per cent upon rs whole capital
The demand upon such heavy stcckholdcf the house
OF 2. Cnoueau, Jr. 4 Co. was very greal and emoar-
rsstps We learn also that their Iron works In Pennsyl
vana have Contributed 10 the disaster. The suspension
heie Involves yo?psge Of The works 81 the Iron Noun.
tain, 81 the Lacede rolling MILL and 81 the coal banks, BY
shioh 500 or 900 operatives are thrown out OF employ
ment
follows.-
state Bank- Srf 2s OCT 3,
Ercbsnse n aiurDE. s9ls $50 O5 T9a,sle 81
Eychspse mspred .......... B3,ls5 IS IL, 800 Is
Dscouns..,.. ............1, o7o,ec4 Is 97s,s2o 90
BANK notes or oher banks on
bard. 1o7, I3s 90 Io7 s7b 90
Der osr......,........... $50 ,p0s so SOL ,6T6 90
rCul ON oVtnl linz On QQ0 m n n