The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1857-10-10
LATEST NEWS.
More Banks Breaking-Finan cial News
from tho East &c, &c.

Moro Ranks Breaking-Finan cial News
from the East, &c, &c.
LOUISVILLE, Oct. l.
A despatch to the Bulletin says, Exchange,
Shelbyville, Lawrencebury, and Trenton
Banks, Tennessee, have suspended.
The run on Hunt & Co.. Of this city ceas-
ed before they closed business, they are con-
sidered strong. e
H. ST. LOUIS, Oct. l.
The Bank of Bellevle, ILL.,, failed. Bank
ing House of More, Halebush & Co., Quincy.
ILL.,, suspended on Monday. Run on FIagg &
Savage, of same place, but they sustained
themselves.
LOUISVILLE, Oct l.
Hutchins & Co., john Schmidt & Co.
Bankers suspended. Quite heavy run on
A. ID. Hunt & Co., who thus far sustain them
selves, and it is expected will meet their liza.
bilities.
PHILADELPHIA, Oct. l.
White, Stevens & Co., and Lawrence
Stone u Co., who have a Branch House in
Boston, suspended to-day.
PITTSBURGH, Oct. 1.
The Old Bank of Pittsburgh continues to
pay specie on all its liabilities.
COLUMBUS, Sept 30.
The Board of Control of the State Rank
OF Onio at meeting held here to-day, unani
mously adopted the following resolution
Resolued, That the branches of the State
Bank OF Ohio have the ability and will still
continue specie payments regardless of what
ever course may be taken by the Banks of
other States.
DETROIT, October l.
The suspension of the Peninsular Bank
causes Intense excitement. The run on 9th.
er Banks this morning is severe, principally
by small bill holders. They redeem prompt.
~ aad are to all appearances strong: State
Fair commenced on Tuesday.
New YORK, Oct. l.
The Farmers & Athens Bank IF Long Is
land, and Williamsburgh, suspended to-day
mhe Illinois G. r. R. pays its cupons to-day.
The Mil. & Miss. r. r. pay theirs on the LIST
mortgage bonds, but defaults on its income
CHARLESTON, Oct. L.
Reported forgeries on Jno Frazies & Co.,
are unfounded. The Presidents of our Banks
held meeting this morning, and resolved not
to suspend.
ASHINGTON, Oct L.
Two million dollars worth of U. S. stocks
came in this morning for redemption.
PHILADELPHIA, Sept. 800 P. NJ.
The banks are still pursuing an nharmon-
ious course, thereby causing trouble and vex-
alton to the business men. The Pennsylva-
MIA Bank refuses flr the present to come into
any arrangements with the banks, bearing
that her largest depositors will remove their
balances to other banks, creating large indebt-
edness to them which could not at once be
settled without difficulty. Arrangements
are making to place her on a firm basis. The
other banks are at variance, refusing to re-
ceive the certified checks of each other
There is confusion in all the arrangements of
parties having notes due while the funds are
locked up. The people feel outraged at the
want of system, and the necessity for clear
ing house is becoming daily more impor-
tant.
BosToN. Sept. 3O-3 P. NJ.
At the adjourned meeting of Bank Presi-
dents to-day, it was decided to discount du-
ring the week, nearly three millions. This
will ease the market and largely restore conf
dence.
PITTSBURGH, Sept. 30-3 P. NJ.
The Allegheny City Bank continues to
pay specie on all its notes and de-
posits.
HARTFORD, Sept. 29-3 P. M.
The Hartford Banks have no idea of sus-
penking specie payment. They are stronger
than they were last week.