The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-03

and In corr; there aa 60 With debts rathev
money sui; and there are Osnlius ooupsniss
with names that would nS bring hem much credit In Shs
country, bot which hitherto have won American conn-
depco A. the beginning OF the moath there 3 Ash
Of hem and ~ ono reads hs hs be ,dng
psge OF lome commercial romance, but not matev.of
have expected from no "Ne~ York [o,io] L 10 and
n us Company W What prudence, even honesty,
as . % and ns pr hector: Of uSn %
In An evil ur winged ~ flight 70 sew York, and be-
machine for drawing The money Of the westnrn
lender yhen the Aechanios' Banking Association gave
way 70 The storm, followed BY dozen private houses
s' sOs .u.' @ acus. in ' ss isos nSsn x.ss~nii. @ss
II evidently the game OF . numerous sad powerful
body to keep up tho Panic, By means whch neither me
mails male pleasant ks the "weahness" OF suoh
concern" the amount OF sucn company bill' and
informed Of inc difference between company deposits
and dscoup and when few Of the moro distinguished
have been duly stsrasized added tina. the list very
far from complete. No doubt have hac had state
ofinss in this country The popularity Of the New York
panic that is indusrously and Avowediv got up, ag
entire suoces and with the formidable results upon
class OF deb0rs and that TO hs Market thus In the
hands Of the money lender and liable 10 these fearful uc
uAtons, most OF the American railway companies have
to for the OF completing their workS paying
the interest their bonds and The dividends, any,
their shares.
The Intsrsat Of England In the American
from the London Tines loity Artcle) Sept. III
Further advicea from New York may be expected TO-
morrow by tho Norh star Their ineren . the sri!hh
Ing, that 70 y some ng equal 70 the utmoe GOES sp
pretended from tho Indian insurrectoa The two last
nas have bro ghi Of average fall Of thirty per
cent In the most prominent American securities and ~
spmpR The total amount held on hs side 70 be about
s Ing o Ro0:Ds %qon be- Ss ow The
OF Ten days ached f2a sum which stu made
qualey represents the real nncnief, since when the
xxaAs~
ing year two OF almost uninterrupted depression
such stase of things further violent uotuA
farnsr M 10 as exen msy .usreore Se
cpnsidtyed probable. According TO thu represent
atoms OF the organized party wins were pledged
cuYrepces at the lA,t date merely
oomms ncemen. me railway interest had boea
crushed, but the banks wnoie sil ltoot their
ground 20 long this the the break up would
be far from complete and The energies OF the getismen
hc see 10 be sows to control inc New York
in that inter pretson Of liberty which ao~G
every 10 attack n neighbors properly, bad conse
queptly TO he exercised In pe~ direction the results
oApnot be long In DOUBT Not1I s easier ihan 70 ruin
bnk and In England In consequence of this facility
attempts csesec With the wont offences. Al this
eni lso persons are yiog 10 seag.'e los e. adesyorng
although one Of them was . man OF rcspectabty, who
ACTED upon fancy tat he had been personsly Injured,
has been found TO utter complaint OF the
riy or the aenteI In New YORK, this point. Ihere
IL perfect freedom Hence lnssitaion 10 spared,
and, indeed, the leading conce ne ,ne nrst to be
follow Thus the last dsto New York Life
and Trust Company which hitherto stood among
nrs estabishn In the United Saiea appears
been openly pointed At holding large OF question
able securities, while the Bank OF Commerce. also well
know corporation, coupled with snosier
concern. The Bank OF New York also included. AT
the beginning Of The present year the stock OF all these
derta kpgb wAs regarded with the highest favor since
n the oscai poson of country has been
wonderfully su eng thened By continued immigration an
sbSndAnt harvest and total absenoe Of all courage for
speculation Can IL be that tney then altogether un-
sound Notwithstanding the general confidence repoied
them, or that hey have gone madly 70 ruin the few
subsequent montnsp Each superstition seems alike
Incredible yet sgsns these banks and . number
OF others the sptculsiors have apparently resolved
10 try tbeir strength. Their fata vi perhaps, test
whether thre 10 ~ New York any amount or nerciA
indepe that ASSERT itself and defend tho
uons which have hitherto been led 10 have lhc
fuIl ccuuknapoe OF the respectable oiasscs whether
for the future 10 De proclaimed tnat tho operators
prominently tho fceno these who really command
tue financial des OF the la that
who may make investments In America will do with
bh open, and must DO supposed ,o have inclns-
tions such would prompt peson 10 take up bis roa
cence In town lane 10 be sacked by the DIRT band
may get lot . oonfsg ration The hope, however
In tnAt aifAH have net yct 10 This pass that tho
power of those whose skill acquiring fosune consists
only IN th,lr ability 70 create impression that tner
countYy apable OF carrying single homes.
enterprise may prove 10 have limit and that
tutons, whether banks or railways, which may pas
through from the proeni crisis pl GEN in
crossed stability and prize In proportion 70 the peril
vhl:h they have been exIssd.