Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-10-15
l. A L E 8 T NEW S .
The Financial crisis.

The Financial cribs.
New York, Oct. ls.
The following banks have suspended to-
day:
Marine, Ocean, MerclAanes Exchadce.
North River Irving. Citisen's Chatham,
Bulls Head, st. Nicholas and Market Banks
There is geneneral run. .don the Walia,
banks, and intense excitement in the streets
Policemen are stationed q nany banks to
preserve order.
New York, Oct. ls.
To-day was an exciting zone in financial
mstters. Up to 2, Is city banks had sus-
pended The following is the revised list:
Bank Of New York, Artirans. St Nicholas
Catham, Ocean, Market, Butchers Dro-
vers, Merchants Exchange, Irving, Citizens,
Tradesmans, Bulls Head, North River and
Marine. The latter. u \ said, was
stopped by an Injunction procured by one
Of its customers, and II Is presumed other
banks have been stopped " the same wayl
Wall st at P. N. was crowded with an anxs
ious msss of people. Th<xAeps of all the
banks we're blocked up ~ people forcing
their way into the banks. At the Ameri-
can Exchange David leavitt addressed the
crowd, assuring them that all the hanks
would pay the last dollar He also an
nouced that AN arrangement had been made
with several Of the strongest hanks to 90
through without suspension. Il is believed
however, in the street. that the suspension
will be general. 1t is understood that
some of our heaviest houses have withdrawn
their gold from the banks and replaced it
as special deposits. There were rumors du
ring the morning affecting nearly all the
banks in the city, but the list gives all that
had certainly suspended up TO 3 p. m. The
others. it is believed, continued 10 meet all
liabilities to the close Of business hours.
The sales Of railroad stock at the lst
Board were small, at a decline In State
stocks business was large at decline, ex-
cept in Vas and Nos Bank stocks are
sold at decline Run on Brooklyn Savings
Bank was renewed to-day with less vigor,
the bank paying promptly.
LATEsT-FouR MORE BANKS SUSPENDED.
The run upon the Mechanics 4 Merchants,
Bank of America, Manhattan and American
Exchange Bankslw WAS severe. and continued
up TO the close of business. The Broadway
Bank held out till nearly 3. paying out sl4o,-
600 in specie, when it gave out. The Leath-
er Manufacturers Bank subsequently, closed
The 7th Ward and Fulton Banks held out
under tremendous pressure.
The Peoples Bank closed at 2 o'clock af
ter paying out $4,000 specie during the
day. The Bank of the State of New York
paid out its last dollar, and certified all
checks presented, and then Welded. The
American Exchange Bank paid all demands,
but several others shut out their customers
~. a,1- .xT
was protested this r. NJ. The Corn Ex
change Bank refused to pay specie or bills,
but certified checks The Oriental, Mocha.
mics and Traders, Brewery Savings, Shoe
and Leather, Continental, American Ex-
change and Metropolitan Banks paid their
demands up to 3 o'clock, the usual hour for
closing
The whole number suspended to-day,
with those that were included in the re.
turns of yesterday, is sixteen
a bank meeting was held this L. NJ, at
which it is understood proposition of gen.
eral suspension was discussed, as also the
propriety of urging the Governor to con-
vene an extra session Of the Legislature.
At the second board of the Stock Ex
change Stocks all took rise under the be-
lief that the banks will suspend specie paw
ments tomorrow. Missouri skies, SO 1-2;
Chicago and Rock Island, 5s; Reading, 33:
New York Central, 30 fAnan1A, II.
There was no run Of any account on the
Savings Banks, excepting the Broadway
and the Blocker street. They are of TIE
strongest in the city and have on hand
large quantities Of specie. The former at
the opening to-day had 100000 in ayaila
BILE means
The following couatry banks are discre-
dted to-day:
Oswego, River Bank, Goshen, Merchants
Bank, Syracuse, Briggs Bank, Clyde, Bank
of Commerce, Carmel Eagle Bank, Roches-
ter, Bank of Newburg, Hudson County
Bank, Poughkeepsie Bank, Ulster County
Bank, Sussex Bank, Farmers and Traders
Bank, Bank State of N Y, Hoboken, CITY
Bank, Jersey City Bank, Farmers Bank Of
Montague.
The followir are in substance:
The official resolutions passed at the
meeting Of the Bank Presidents this even
| ing That the banks of New York suspend
| specie payment as far as the paying it over
| their counters is concerned, hut made regu-
lar exchanges Of one anothers bills at the
Clearing House; that Committee be ap-
pointed to confer with the Governor of the
State in reference to calling an extra session
of the Legislature to legalize the suspension:
tiat such Committe leave for Albany at IL
o'clock tomorrow.
Boston, Oct l3.
The suspension Of Messrs Gen I. 4 W.
T. Lyman, commission merchants on State
street, is announced
Harrisburg, Oct l3.
The House re considered yesterdays
vote on the relief bill, by vote of So to
80.