New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-14
Total Suspension To-Day.
PARTICULARS OF THE PANIC.

Yesterday was the climax 10 this city in the
present financial panic. Such intense excitement
Was never Witnessed in Wall street in sny monetary
crisis which has heretofore been visited upon the
country The suspension Of the BOwery Bank on
Friday, the East River on Saturday, and the Gro
GERS on Monday, fnred the sparks of distrust the
.asnic had scattered among the people into
q fame. which soon spread over the entire city,
and the fears which until recently only pervaded
The minds of small depositors and bill-holders be-
came rife with even those who had asserted their
confidence n the sounoness Of the banks of this city
At 10 o'clock yesterday the fronts Of the differ
emit institutions indicated BY the number around
them that the ability Of the vaults to yield up their
treasure at the call of depositors and bll-holders
was to undergo no ordinary test. Check after
check was presented and paid, and still they came;
and soon word went forth that run was COM
nenced on the banks, and it passed from one house
70 another until the whole lower part Of the city
ssss alive with excitement. Bank books were exam
ined; but smoment was required to prepare check;
a signature was hurredy dashed off at its foot and
in another moment 1t was on its way to the bank.
The crowd increased in numbers and, though not
,smorous vet the presence Of 80 many indicated the
extent Of the pressure upon the institution. Each
eYson took his place in the line aud awaited his turn,
vbie polcemen kept those out who present only
from motives Of curiosity One after another was
psid. ard With the shining treasure departed Scores
of hands, skilled by long experience in counting coin,
were taxed to their utmost in their efforts to keep pace
with the demands for gold
Outside was a scens of the widest excitement.
Tens of thousands were at the same moment in the
street-eome rushing onward in the hope to secure
their deposits before the hour Of closing should arrive
and Others clustered together sumisng and discuss
ing The probabilities of the Banks being able to stand
up under the pressure Later rumors came of sus-
pensions of Banks on Greenwich street, and here,
there, everywhere, were inquiries made to know
they were true. Bulletin boards were scanned Tor
coafrmsticns Of the reports, which, when they
received them, only heightened the excitement one
efser another of the announcements OF banks fahng
under the continued drain made upon them fell upon
the Of the people, and confident predictions were
made that 10 o'clock Of Wednesday would tel the
story Of the suspension Of all But not few there
were whose belief in the ability Of the moneyed in
'etitutons of this city was still mistaken,
srd they asserted with esrnestnsss that every
-dsmsnd In checks and bills would be met to the
last by the more solid banks and Panic Be laughed to
time BY the appearance Of unauthorized circular,
in which consolidation of the banks was indicated
tie course that was TO be pursued in the present ext
oe,cv: but the suspensions soon dissipsted the deu
sive bopes and Panic was again king in Wall street.
AT three O'Clock eighteen suspensions Of City Banks
had been announced, and later intelligence was re-
ee;ved OF the suspens sion of the Jersey City Banks
By hslfpast three all of the Banks had closed their
doors for the day and by four the street had resumed
its usual appearance at that hour
The following are the Banks which suspended yes
terdsy;
BROADWAY BANK.
OCEAN BANK.
IRVING BANK.
LEATHER MAsuFAcIURERs' Bass.
NORTH RIVER BANK.
MERCHANTS EXCHANGE BAsx
MARlrE BANK.
Ekw-YoRx EXCHANGE BAsx,
ST. NICHOLAS BANK.
BUTCHERS g. DRoyEss Bark.
TRADEsSEs's BANK.
ARTISANS BAsK.
CIrIrEss' BANK
Bulls HEAD BARK.
CHATHAM BAsK
PEOPLES BAsx
MARsET BANK.
BANK OF New YORK
HrDsoS Corsr' BASk, Jssey City.
LATIR--A GENERAL SUSPENSION.
meeting of bank officers was calico al the Clear
ingHoase at 81 O'Clock, TO consult upon the crisis
ard 10 consider the propnety Of Suspension Of specie
payments by the banks which had yithstOod the run
during he day. Tee meeting was adjourned to
O'Clock. to give the ncn-susperded banks an oppor.
tunity for consultation At tbs s-b meeting se-s were
fousd to bs ten banks disrose1 to Try s,oier day