The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-22
THE COMMERCIAL CRISIS.


and are row saiey In custody.
THE COMMERCIAL CRISIS.
e>~oo~o.o(yoo.,o>eoo~o.-
TELEGRAPHU DISPATCHES.
hxntTNG OF Tai MISSOURI L1GIsLArURn-MBSgA6D
OF THE GovDRNOR-THE CxRDIr or THE stats
70 BE susTAINED-RBH0RAs IN The RAILROAD
AND pANKIEG SYSTEMS.
81. Loun, OcA n, 1857
fhe Senate organised yesterday by esc!ins Benjamin
r. Hesser BecretsTy. Governor Jackson's message, IN
referring 70 The deterioration OF the State credit and the
check given 70 ~ railroad system BY the monetary
crisis, recommends the Lesssture TO take deosssve
measures 70 secure beyond al question the honor and
credit Of the esasa He desires ssch amendment 70 the
railroad system viii enable the companies 10
their work done, and 10 ultimately complete
their roads he AAo proposes 10 place such
" ditona guards upon tie banking system ~
will connne within 10 kgitmase limits and tend
10 expel deprecated paper from the ehts In order
70 accomplish this .hs Governor advises that no more
sas bonds be issued; that TAI be levied to the
whale amour. Of tho interest the bonds the as and
that the State have reresentaHon In The deren Boards
Of Directors In proportion 70 the amount Of bonds
issued to the roads; tie bonds Of the SsAte 70
be In future disposed OF By IN agent appointed by
Executive, and the proceeds 10 be deu vered to the
ofoes Of Ne oompsDes that the Board Of Posho Works
be empowered 70 penetrate inc the dets Of the manage
ment Of the roads; that one Of he banks Of
B. Louis be made . Ceaving House, and nat
Whenever any bank failed to redeem ~ circula
lion n The ueazirg House the Bank Commisioper IhAn
close b aooovdaDoe with existing law. The Governor
contends Thai gsaon 10 regard 10 hank suspension
only resuh In producing greater d suues than those -
intended 70 Alleviate and believes thAs whenever ri
vAss banker Gr broker suspends his sasts should be
placed IN ihe hands Of busess for equitable dfbunon
amongst his crsdi ors.
me amount Of 6sae bonds due nom the railway compa
MES wss, On sne Ism ef October. %, ,ooo,o 900.
Governor Stewart win probably b inaugurased 10 day.
noSEY nArrEss AT sr. LOUIS.
sr. LOUIS, oct II, 1857.
large meeting OF merchants was held Il the Exchange
yesterday and resolved receive the petes OF Ill the
solvent banks Of the country 81 par Several private
banhiss nsttuuoss RECEIVING No currency o. We
Tire osunuy In deposiia
FINANCIAL MATTERS IN NEW ORLEANS.
NEW osIIass, oa. %, 1881.
me day has Sssn gosny anAnoiAlly, noshlss do
ing in ezcAassa hasy Of maauAo uriag sstabhsh.
nsas arc dsoAaTng woskmsn-
sroPPlGE oP rm MOBILE SAVINGS BAu.
wAmxefos, ool n, 1857.
me Noble Savings Bank closed " doors on the lsth
FINANCIAL AFFAIRS AT BOSTON.
Bonos, ox- n, 1857.
ne money market vevy quiss, and The banks do mos
Of the sunem. fwo per cent month Il The Askiag ice
The syeet, but with good cola SrA rsduusoa msda
Rurors Of ne failure Of Utsle, Brown %. have oh
tanned currency, bus without the snshtsss fousdAsoa
he busines Of ,hk old and respected pabnshins house ID
prosperous.
Rrs ON rns sAsKs or sr. JOHN, RE
Bossos, 0a n, 1851.
A LA " n kenla N tha Rnsxo~ you,r~nnl
wrsss,-"ov banks here have had . large upon
Aen By Of your people In day sle 900 n gold
taken froa We have bad failures hiay, md
people wessher Ne Storm molly, sAo wing amour,
or s,ndty lAat I did nos think W. hera"
Newspapcs say tAAi Ne nsroAaats cf g. John
have usnsralissd Ne BANKS 70 suspend and shaa was
prossobs ihcy would do 20 In ssk defence.
CORRECTION.
PmADuymA, oot n, 1851.
mo reported niirs Of nssus whssha o., x lAh
city, 10 incorrect
YHnApHpHIA STOCK BoAnp.
PmApusmA, OSt n, 1881
aoon hsavy In Consequence a NE dissoursg,sg a.
fec, q Ne Eurspas sdv,css rsan sA,s gs sik; Rsad
Ing RR, I4x; Penn. RR, AI.
further decline had Aksn plAos apos Ne aI,ssrs.sa
Of NE Bcasd.
EUROPEAN MANUFACTURERS AND THEIR
GOhnEsfONDrANL In NEW IOhh.
70 TEE KprroR o. THE HERALD.
In ysos arcs ~ money maxkss, daAsd Ga lc, ycu
rsmAsk shas--
All od aebn ~ fossxs lAaAursosar~r have ben
vipsd eus, - win sponge, aad -tn MO- b anti sss
balances against ~ ~ ns ius1rs vsae q me two QUA
btes, are Isa4eli GA A3 ~ spuoa " spete expor0
n oe 1rpsosed
tzls ssAlman. . exag o Rzss nsaa sssm among
us aamsrsOs resaays Of ycur ELsopsAa sdirn % %
opr1a Of - Widespread aroaakoo, ne ooly In ersas
Britain put sbo On tAs oonunsat d Earops, vhss NE
NEW Tosz HEzAID Gssss sAs only Ansroas papx
kepa In all ths rspsoAbs ruaAag roems, vsu q hy
private susswibas
during AN s~cive month"; have rspsa,sdsy appeared
In your columns, end bcing fsaxfuIy fulasd 70
bs vsry Icasv os your sdcsoas have cssssd your "a
rcpar rcsders 70 regard yosr jearuA infAlnsss
sh~r. roers,s the rsrAyx shove referred 70 Is ineiy
10 rrctuss sov-ous aArn, mors hsn you probably
svsrs o. I'm ns v'sv n slsynx me fsays vhfrA nag
srigfrs,e Aesfr~,, res ssvs 10 .rnra ne following
vsaasmsna 70 7,rr co,snsr>ic~.
faues win rvs psi sns rrrs~r, rsrurcp -ay save.
general dssy n rs-rNsroes fr,m here N Europe, -
has a,sed and csnsrpes " rrcsnns srepsons
of ms uue for paymsns in ths ocuniv. sui u WI ~
ersy sessy, and rot rspudiAiion of payment, vhlch
.sy rssus from NE rsssn. ..s . s~ops.s orsdi.o..
those foreign eapsAnss who have invested their funds
In Americas railroad snckS and bonds, and o<hey nke
curtles admit nat your pStsscsuc a. 70 he spcnsing
Of their olaims may be realized 0 soms orient on
al claims Of Earcpeas manufacuress and bankevs
trcvisG cut cur inposts1sons 6 meruhandhe,
a. less M quavteu are heh agaiasa and con-
rencd " Earoysan merchsnh residing hero, whs
are ssschsd 70 @sr fF1esds On lbs osher ode
By oose ues S csasanguiany and ympaiAie d more
numse ntnre than thc ooaneccn tf debtors and oredl
ov. generally W ME ccusty Most Of Ne Eurcpsan
hblmhmees asd tmpcvtinG houses In this country are
bued On the scud fcssdaoo cf capital and heir ablnues
are partly bald IN open accounh sy banksvs Who G
ford 10 wa and are sAsned Vim the legal isssress Of this
country, aDd parity growing Qua Of ccnsgsmenAs Of
chsndhe vhich are not payable sntu realised II both
Instances rces reluirsd e. paymeuHs Are no1
urged, either ~ nmsaecss c lime By prsssns vanis
bsesuse he oyedm ants1 bssed on oan sdsc~ and
not nhey se dc urbed by cnascons sag = mat
confidence y not shaken
xcYeovsr, there vas d6ersocs besween shs rsht ia
which pecuniayy esg~scmeuh viewed In thss c,uoby
and In Europe while failure breach of vua b con.
dsred berea natural svery day easy
oeme and forgotten, n 10 regarded In Europe ~
minnrs ac and death bow 70 mans comm msrcal exis
terse from which he mis- feeling
run n hc n ar