The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-16
THE MONEY CRISIS.
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QUIEFNESS THROUGHOUT THE METROPOLIS.
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BUSINESS CONFORMING TO A PAPER CUnHEN:Y.
StOppage of the Rum ON the
Savings Banks.
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The Mercantile Failures During
the Week.
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Effect Of the Revulsion on the Laboring
Classes.
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WHAT WILL GOV. KING Do?
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State of Things in Other Parts CT the
Country.
WHAT WILL GOV. KING DO?
THE PANIC In NEW ORLEANS,
&C., &C., &c.

WALL STREET YESTERDAY.
sTOCEA GOING uP-ralKas LOOKING BsIsnrsB
BANKS AND raE CLEANING HOUSE.
No,aipg oouid be srKing than ,he contrast be
TWEEN tho appearance OF Wall street yeGerdsy aud on
fussday. On Tucsday Il was sorgips OF eIo mont
Yesterday IT siin almost tho CA'sco.abL The
erishler aspect assumed by the Sock Exchange, snd the
facilities for c transaction CT banning bus ness an rlsd
by The Clearing Housc, bad manifest effect evesg oae
and there snly decided improvement the
lookB or the f-equeners OF Wall street. rho1ga the dsg
du snal ard dirty, could almost fancy th. the
aiming there, many cheesf fAcea seemed 10
illuminate that recently gloomy Looking locality.
AT tie Clearing House every thing looked well FOR the
banks Eaances prom y paid up, and three OF The
suspended banks, namely, the Arz.ns'. B,wery aod
Ocean, esan Represented. The Groocrs', Czsns,
and NecaaDics Banking Association st remain unrspo
rented; but The probability 10 that shs two former viii
take tsar accustomed places In the Clearing R,uso
very fsw days. All she rest living and thriving
institutions.
Notsing but the filA or city banks aud speos were
tken a the Clearing Houae ye,tcrday; but u was
Gescai thai today the bills or all secured
safe banks Win be taken. Deposits Of ssls
money viii he male Ia tho Metropolitan B.ak and
that :ustnsion VIII sue oertlhos Ia different sums,
wh.ah will be received At tho Clearing House meet ,ss
ossaaces This plan . calculated 10 ~mk WE'LL ard vii
greatly facilitate operations
Ito bills or all the city banks taken dep,S, bot
tie Ssecks Of those banks goig into Liquidation OF
coB-ye refused.
In the present rssess condition Of Aars Ia possible
tossI he vAlue Of uncurren. nonsy. All price, ~ere
asa cd and given Tor yesttrday Ellis OF ths
were sold indscrimlGely to different bros q. trl aud
stfve per cant Everything uasecre A. hap-aszs'd
f.Hs Of the sale OF Nex YORK we-o at par. Ia no
csCrse Of few days healthy staie of v,rgr may
% expec:ed aud the plan adopted by tanks
heso undetcod and appreciated abrosd conEieaoe viii
30 in great ncssurc restored. People who hive bocn
half ttened 10 death for the paa nave
been trying un~issnKy 10 hreAk themselves AMI the
Sssas By participating In he ruuuH ere ,nt
be laughing thc folly wEloh drove lha cy ana ~. 10
RI n while s baoD were solvent &C tbs country rcar
In money, sva and IN provions generally then ever
eoaamuntss, like ndvIdusls, son,et NOS 70 snsd
With fear, and do serioua damage In their psroxyans 10
locomotives and saer nsghbors
Tas cSi,ls out Of whish many think vo are no begin
EnE 10 emerge an excclent llnsrs lon Of tnA, fsci
TIE CURRENCY AND TnE MERCHANTS
The merchants expressed much satisfaction, la which
10 10 nscly tho banks fully sharsd At Tho seton o. iao
Judges In their udicis decsn regarding sp e.,on- for
rjunctons sgans tho banks. Bifiness men c9usdqrsd
that the shiod OF tse courts tho b.uks 70 p-o,e
them fam wanto1 litigation sad di,sarban o. VII 10 sh7s
hs lct Aonf, to 5isct 10
erEatenSas, and perfect sEiinyrcss 10 do uba tscy
ccrd 70 comply villa all juss ard legal requirements 80,
aboni ~ gsca for s concerned, ps,bably, any sgauvs
action which eould bo invoked. The public veal Or tne
people of i6s ami ether Sa,cs demanded TIA, thirxs
for tho present shoG,d 70 on ~ they were; and
vss The interest Of every man, vossa sad
caid In tho Sate tia; the bAuks should not, vhlo
fally solvent he competed By neo;lss in,ofrsrsncs
10 70 into liquidation, which would inyslvo Wide spread
and ruinous di,sstsrs Ia vhoh all oasces xoud parcl
pse Yet, vhllo the merchants expressed thus much Ia
behalf cfthe banks, many ttsn did not szsncraio TIE
fren tho seysren osssurs fos hes courss Th,y s,si,
rnllrc tho banks In tho 1iorior which depended UPON
Their crcuAor for ser profit, tho city lnsaos. 70
He'd ,bs dcpcs Of bssIne or III, csis, scg,os
o. Asa eanirra rsey. therefore sgaed fhs the ssax.
nfcsd 81 continuing 70 lurn mo srsxs cf o3lyaca-u
ftJ By day. and oAusrg mcrrhsrts fo TO rsst wesg 80
ro win sses hrgeiy Ia excess or liabilities 10 a. dovn
,insi taiiy tey should, three fous sef. .aos
have sies rcsoriey eypsEdei loans 20 gld aoi %
y au hasrds-n no gold wa, leaving tss caua.ry-o,
rsde up their minds 70 suspend a one For /
DO wan, Of decided soion n Tho proper m, /
neri merchants and others we're forced to maKs /
scrnccs which might, great srLcnt By ine escrsc.,,
md proper scos Of he osnAs bean greatly encaed
" prevented atcgoshcr.
by The increase of safe and city paper money thr,-n
pom no market, tbs eh,nnes Of hsae wess mo frssy
pened. Wa believed lhas u woali rivo rse 70 mo 81,
ivc Forwarding OF prodscs from the Interior saa tsl
Gods Ia motion from shs city 70 The courry thus brosk
ng Tho kcts and dams which have Tor some une insr
erred ~ts ibe currents Of irads
s's'nE exchange vas aso better, and produces sllI ON
ondon wore scarcely 70 be had undor loo ~hlo prime
anssrs ts though Irregular were held al better ra.c-,
nd Ia scue oasc< a. high n lts sskod.
Ffcishs we're nrmer, AMI more prcducs o1drinx Tor
hpmeaI
Flour again advanced i5s noe. psr barrel, ant 10
ms cNes 40 Der barrel was reiixsd wheat ~as
iseer ~ % % per brshsl aad ladlsn corn soi an
q vance OF About - - per bushsl
rnc second meeting Of msxasaais, nkei or tbs day
rcviouiy. not s-;cd upon, 70 vas decrset uadss
tc eireunstancess 70 DO unnoccSry.
THE BANK TROUBLES IN COURT.
TTlCHnnNr rtsUsp Aahrssr o. y. DsacH, oAsHTss