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

,ouDoaso. he bank has Assy Withdrawn ~ old circu
OHIO.
JOHN THOMPSON, rBK BRoyKa gRoEBR,
r om the Cincinnati Times August AZ
Mr. THOMPSON made his appearance In tho financial
world about fifteen years ago. upon capital Of ten thou
hsher or the New York San, In libel sai. Hs soon ar
began NE publication of 2aoupson's Bank Noe Reporter,
which up to this time, has enjoyed nrst rate reputation
outside spccuations, In which he has worked with bold
band, and been toierably su,cenfal. Rs influence in
soss sny
specimen o. ns nnaroieSng may he found In hs ops-
a. .Ss gao M r .nSe .nsn he no less
ADVANCE over every other bitder The State after
nrdg necessary 70 male auoher issue Of 900 on
hjurcticn Falling in this he again entered the market
and became puTchaser Of 81 600 Of the fund 1t the
Price previously paid enabling him for the time % control
the entire state n thai nation In this speculation II 10
said he realized . handsome profit.
In conducting bis Reporter Mr.. Thompson has always
Country banks did not find favor In MS c,lumns were
net accounted OF the drst respectabily. OF course
.en became an oojec 70 as him Of her.espectabiy
TO this end frcm great number Of banks both In the
East and West large amounts forwarded 70 him for
the redemption OF such OF tho respective ~ might
ooumns Of the Reporter. In time . fund was deposited
with him, on hich they could draw Eastern exchange
h preeumsoe therefore that bis failure is for very
large amount and that the banks 10 the rural districts will
feel 10 certain extent Tho telegraph NOT - yet
arnouroe the amount but think may be ret down q
very heavy.
rBR CINCINNATI TRUST COMPANY ATTACHMENTS,
From the Cincinnati Times, August 29l
the cases commenced in the Superior Court Uncnua-
Bsns and Cbas j. Wood and william Power. csme be-
fose Judges Ghaon and Chambeys q the rooms
OF me Law Library In the Court House. yesterday,
sschmen.s IN the Argument, Attorney representing
ore Of the plaintiffs. In refuins that the ailachments
would ebarAss the business of the company staed that
ren
belonging to the company and did not interfere with the
directors in efecng settlement Of notes due the bank By
taking checks In The Court decided lay tue
case over until Monday next Il O'Clock The amount
claimed BY the named s274 33l a. Two other
attachments were dismissec because we presume they
we're settled. They amounted 10 81 ,612.
MICHIGAN.
wHAr WILL Mr.. LiElI, raS DETROIT BANxm, Do3
From the Detroit Advertiser, August 81
This question IL In the mouth Of every one and has
for mod the staple OF street conversation ff he pAs three
were not peculiarly Interested 10 he result nave snI
iousy inquired whs, ". Lyel would do Ia short The
sohonde 10 bs regard bss been mast general and
pvehansfve. We undenand thai the following card which
signed BY many Influential and intelligent ciusens many
Of whom have heavy stake In Mr. Lye ability 10 meet
terms efsred by Mr. Lyel, With this exception ,hai his
otter Includes . proposition 70 pay needy deposors In
full
Mr. James l. Lyen having proposed. ~ we learn. 70
sotust hts Iiseiaes upon he following terms namely:
P. on ,hs assh Inst 4 which Nmc he had dsss1 .
mined 70 suspend peymsns and 10 pay al erans drs IN
tho hands Of irtees adequate securities 70 cover one
half Of bis remaining liabilities, and TO take exter-
on Of credit upon the remainder for such time he may
deem necessary TO enable nt 10 them and pay
fui The undcrsencd take pleasure In expressing their
appreciation Of 'hs propos and heir hope thai all tho
creditors OF Mr. Ly ell win at accede thereto. II
rvcpasa hoporsble 70 Mr. Lye and 10 aooordsnoo Win
The bish chusotsr he bss maintained In this community
for t~eRy years past The undersigned have not Lost
In tha vnv Mr. TvnIl
ard such Of cieditors dc hareby
eSnress our intention 70 acoede 10 the proposal above.
A. Musb, John @ Williams,
Jno & Newbery, Henry Ledys.d.
II 7. SriughAm, u TrosbridSc,
rbeo n EAon n II Brown,
G rrowhridge, n. q Kibbee,
A. n Frazer, III P. BAid~in,
II X. Sanger, VIM. o. wsius,
". A. Bu,ies, A Iyes,
A. sselley, Mrs. EE ae~ut,
8 NJ Holnes, Bridge, Lewis o.,
" Preips, -heo. Villains,
James Flower & Bro, p. rregsn., H.,
FAt.ery Bro, r acCieland.
drawing interest," fov the mos, part 81 soven per cent
His suspense account 10 undoubtedly very largo, whon
40 much CO al absolutely locked up, so far - present
concerned II Ia rot known how largo this
count q, but there four nvo oonoerns vno,e
pended Iapers will carry beyond 100000. The debt
from sos 600 70 tloto taking much active cauita
from Mr.. Lyes business There my s,ery t1en his
failure ami The nr,i Item clears oil mystery ~ 70 his
then inevitable Now aside from bis suspendca
debt Mr. fyeii believed 70 DO worth 81 ss si2b 600
before bn failure Hs will doubtless realize hfsy ocn,
upon hi deposh vhon, wlh his bills rtoatsahe which
the amount large, VII enable him 10 live up 10 tns pro
position which ho now makes, vhl-h, under he crcurn
ssrces by general estimation, fair By re erence
" the foregoing card ~il be observed ihsi prominent
officers of the two leading banks 10 this city express their
confidence 10 NJ Iyes integrity and power 70 redeem
snd with afoi,ary exception this expression has been
geuertl
Tho Free Pres OF saturday morning maker prominent
and os nsious display of % the creditors Of Mr.
Iyc With the suouns for which they nsd ait-nhod rud
n addition thereto certain details ~hloh prcsento6 Mr.
Iyeli inarous light Although these issroas state
meris rarkse ous of Sunday mornirg, yea the
mrcpief rtich they cslcsiasd 10 produce by
remecied thereby. This attack n readily &C
counted for me Free Press the ,osl Of he fsrmers
and kechtncs Bank. tbe drec nisrrs, n which nstitu
ton 10 bresf hr. lyeli ss broker and deposer AZ
money. The nj oive n too plain 10 require ELABORATION
This example, however, pos being followed BY the osher
banks and The puplc evpcinr determination 70 give M
Iyela fair opportunity n leteve his Affairs, the prooa
bi,y that his proposunu wi Be scCejed v, ana hat
the sfars OF his banking houie viii be closed upon his
terms.