The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-02

publication.
The News.
Wall street and it's neighborhood was yesterday
the scene of an excitement such as is seldom wit
messed even in this excitabe city. 1t will be seen
by the money article that several more failures among
the mercantile classes have occurred and that the
country banks going down at the rate of two OF
three every day. The extent of the defaIcaton in
the Mechanics Banking Association has not yet
been discovered The directors appear to know less
about it than people outside. description of
the run upon several of the city banks yesterday,
sogether with accounts of the effect of the financial
panic in various parts of the country, is given else
where in our columns.
A despatch from New Orleans announces the re.
ceipt oil news at that city Of revolutionary out
break in Yucatan. The whole State was in arms.
The revoIutionists were composed Of the radical
party. and we're everywhere successful.
The Wilson Small Democratic General Committee
met at Tsmmapy Hail last night, but after a short
session adjourned without transactng any important
business. 1t was understood that call for a pri-
mary election TO choose delegates 10 the Democratic
State Convention Was to have been ordered, but IL
was not done. there being some screw loose In the
committees machinery. 1t is understood that this
General Committee will meet again at an early day.
Beverly Tucker. by and viii, the advice end con
sent OF his iiepos, has accepted the Liverpool consul
ate. he says bis letter declining the appointment
was written hastily and before consulting with bis
friends
Another new association IL formed. II La called
the American Association for the Improvement Of
Railroad Machinery. The title suggests the objects
OF the organization. The FIRST gathering took place
yesterday at the American Institute, IN Broadway.
The attendance Was thin, very few Of the original
callers OF the meeting being present. The proceed
ings viii be found in full in another part Of todsys
paper
The Central Park Commissioners met yesterday,
but transacted no business Of general interest
The Board Of Ten Governors met yesterday and
finished up quantity OF routine business. resou-
ton was passed to collect all the laws having refer
ence to the Almshouse department, and the stand
ing rules and regulations that have been adopted
from time to time, with view TO having them
printed. resolution was also adopted TO draw on
the County Treasurer for the amount collected by
the Excise Commissioners from the liquor dealers
for permits 10 sell ardent spirits IL amounts 10
$4,000 II is understood that il Ia on the taps 10
cut down the salaries Of the employees Of all the de
partments bat the matter was not reached yester-
day
The fourth days proceedings Of the seventh en-.
nual festival Of the Social Turnverein were highly
interesting. The picnic at Yorkville Park was
continued, and though there was q great diminu-
foo In the number OF visters, the Americans were
more Numerous than on Monday. Our citizens Of
al nations seem gradually 70 become interested In
these German social reunions In the evening the
Stsdt theatre in the Bowery, was crowded 10 sufc-
cation, on the occasion Of gymnastic and dramatic
exhibition.
The Commissioners Of Health met yesterday, but
did no business Of importance. The Is so far
advanced that there Il no longer any pressing dan
ger TO the health Of the city from infected vesses And
the Commissioners, finding their occupation gone, :
rarely held formal meetings, bot instead SIT about
Eve minutes in q corner of the Mayors ONCE or in
the City Library, and there transact their business
Yesterday application was made by the master Of
the bark Express, nov doing Quarantine duty, 70
come 10 the city. A II appeared the bark had been
properly clesnsed and fumigated the matter was
referred 10 The Health 0fhcer with pover. This Ia
the same bark that was libelled for alleged snug
Cling Of segas into this city by Surveyor HIATT.
Among the arrivals on Monday was the ship Rein.
heart from Bremen, with thirty cases OF smallpox
on beard.
The election for State officers In Vernon, took
place yesterday. OF course the republican candi
dates met with but trifins opposition.
The Poet Office ut New Lonion, Conn, was broken
into on Monday night, shortly after the arrival o
the steamer from Nev York. and The bag containing
the Southern mail was stolen
The application Of Mrs. Cunningham for a writ O.
habeas corpus 10 show cause why she should no, be
admitted 10 bail was argued yesterday before Judge
Peabody, Of the Supreme Court, and the argument
will be continued to-day
M ootlon nsrke, extent yesterday seemed 70
rJmpah1e With the resent monetary excitement, though
the stock In this market has become quite light Yestsr
cay re close a. the cotton orcp year All The cotton
held the ports OF the tinted sases sore and on ship
beard up 70 u O'Clock vent into the estimates Of The crop
eO~n IN 1859 and .cpt 70 market IN ls5e-b7 All the re-
ocps cemrs "a hand ser yesterday ~ be iucIaded
IN the e.smsoi q re growh or 1897 and 10 the crop Of
ht7@N The stock 80 this msrke, yesterday, on seins
n'aSs w. "a sore and chi bori found not much
exceed le0co bales The receipts Of cotton nj
tne PtrN ~ NE m'ts Of August LAST have been
EnaaaIJ 'sAl I'll nss ABOUT ten days before .he