Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-11-20

ritory and have gone into winter quarters They cor
roborate the reported destruction of government train
res by the recent explorations, the military have aban
doned the old route and approaching Salt Lake bv
the open plains of the Bear and Maade rivers Yonno
disclaims all knowledge of participation in the des
truction of the supply trains
The Santa Fe Mail reports grass and water plenty on
the plains
The Cheyennes were alarmed and DESTROYS of peace
The London Times on the Bank Suspensions
On the subject of the suspension of the banks bo tb
London Times of October 81 says:
The entire suspension of specie payments by the New
York and Boston banks reported this morning bv tba
American mall is the most satisfactory announcement
that could have been looked for Had the step been ia
ken fortnight earlier immense amount of ruin might
have been averted The banks, after having bv their
mismanageen brought about the state of affairs which
rendered the panic possible sought to save themselves by
the sacrifice of the whole mercantile community but the
public at last having taken the matter in their own hands
and forced them to stoppage, which will place them in
the same condition with their Victims and thus terminate
the struggle.
Their course had been simply this BY system of
most mprudent advances they had encouraged the pub
lie to rely abundant accommodation, not only on bills
of exchange but the bonds and promisory notes of
railway and other corporations When the over issues of
this latter class of securities began to excite alarm and
by knot of Spectators that if they could be
brought into sudden descredt general confusion would
ensue the bank turned round upon those they had de-
uded, and not merely refused further accommodation
but called in as far possible all that had been grant
ed. Of course universal fright followed, but as firm
after firm went down the banks still boosted that they
were determined to maintain themselves, and actually
excited sort of admiration at the grandeur of their
resolve But 1t plain they could not succeed and
that even supposng their preservation possible migh
be paid for too dearly.
In the opinion of calm lookers-on another week was
IN III A.
Apprehensive however of the penalty of losing their
charters, and animated by individual rivalry they con-
tinued bndly stubborn. The community at last it an
pears, whan instinct of despair resolved to bring them
to end a converted arranged by the depOsi
tors and the evening before the departure of the pack
ct general stoppage asceraned to be inevitable
Eighteen those establishments had already been brought
down, and the hrtyhree that remained saw that anoh
er day would seal their fate.
deputation of the presidents of three of the largest
therefore despatched to the governor of the State at
Albany to pray for the necessary legislative steps to h
galizc the SUSPENSION and meanwhile notification of the
event given in all the New York papers of the
morning of the l4h inst Its effects was instantaneous
Every one it is said seemed to feel that the ordinary
channels business would forthwith be restored and that
from that moment the progress of recovery would COM
mence The steamer sailed at noon at the last accounts
therefore. reached only to IL O'clock a. m but post
script OF that date that everything was going
on quietly and that all excitement had passed away
paper OF the banks would now circulate at value in
proportion to the discretion with which it might be is
sued; and supposing it to be kept within close limits
there is that it should fall much if at ALL be-
low par.
No doubt was entertained that the legislature of New
ork would sanction the movement and the period of re-
sumption is contemplated to be the 9Th of April In
the interval about 93,O00,00O G4,0OO,O 900 of gold
may be expected from California, and speculative ship
ments of specie from this side must result only in Loss
The great danger which has pressed upon our money
market during the past two or three weeks is therefore
ightened. 1t is also believed that many failures that
must have occurred here if the present event had not
taken place will be averted and that news may arrive
by future packets of the resumption of business by
raj OF those ong the New York firms whose fall was
occasoned solely by the inability to sell produce or even
to negotiate undoubted bills.
THE SPECIE BY THE ARAB1A.-It appears that of the
specie brought to New York by the Arabia from Eng
land, 100000 was consigned to the Commercial Bank
OF Kingston Canada Gl6500 to A. Belmont New
ork 100000 to the Bank of the State of New York
100000 to Pairer & Co.. New York $4,000 to
Sheyer & Co., New York 100000 to Moore & Son.
New York Ell 900 to order, and the balance to var
GUS firms and ndiv luas in ranging from 9lOO
up to e5000-Baltimore Sun.
BIRDS EYE view OF New YoRK-The space be-
tween the milstones is narrowing daily The pressure
has broken down many of the great houses but the
grinding of the poor just beginning 1t begins to be
shown by the record of the lower courts and the books
of the Amshouse Commissioners. On Saturday night
last 24S persons accommodated with lodging at
the twenty two different station houses of the citya
number almost unprecedented for this of the year
1t is singing suggestion of what winter will show
Most of the actual distress that the revuson has nvo
we'd has been felt in high business circles for with Others
it Is principally in anticipation yet We dropped into
the warehouse of large wholesale dealer yesterday and
were surprised to find the naughty head of it with red
swollen eyes-beng an honest he had not failed rich
His family that had lived in luxury for years. were bank
rupt as we'll as be- But when such men break, their
employees are not apt to be very merry The clerks
were sitting around idly each one looking as if he were
at funeral those who had not been discharged expec
ted to be, the few that were safe in the misforunS
OF their principal, were sad from sympathy.
The average age of QuakerS in Great Britain and
Ireland is said to considerably exceed the general
average of the community at large in the most healthy
districts. The Annual Monitor for 1857 gives the
average in l85354, 50 years months and 10 days IN
total of 374 in 1885, 81 years months q days
in total of 375; and in 1885, 81 years 2 months
and 26a days, in total of 287 During the first period
two persons died between the ages of 90 and 0O during
the second eleven persons; and during the last nine per-
sons. Between the ages of so and 80, the number Oh
deaths during these periods WERE respectively, a. ~
and 49, and between the ages of 20 and go there were
80, 80 and 50.
At recent wedding in Trenton, \. j., it is stated
the bride received presents of splendid sets OF JeTe
silver spoons knives and forks five dozen each several
sets of exquisitivey beautiful and very costly lace TO-
gether with complete outfit of household and table
linen To crown the whole purse of $500 anotn
er of $500, third of $1,000, and check for SlOoOo
THE DISMAL SwAMp.-We learn from the Petersburg
Express that the following quantities of corn and h
passed down the Dismal Swamp Canal from Noio "
Carolina to Norfolk for the last three fiscal years
that company ending on the 3Oth of September oE7
| 1853 1856. 1891:
onn 0O6 745,564