New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-27

coy. Mi Ter street presented quite some "a f.et
the sntIsree from Argyle street Vas literally ofca
up-rot We 81 oud ssy by men who bad e.y NEE
In The aoppsge Of the bank but particularly oy Gs.e
whose curiosity led toem to crests csoSa sau "
\ Oh something OF iuferest, becsEse OF tne an.
sL) thing elte 20 hteres. themselves. DuIlog tn1 NJ
ten oen many parties Who h,d fec notes " 'ne es.
to be seen anxious for change, sso no oooo'
their snxiety s0me he: jurihsoi- III ~ hHe
hbood, o. the Mst:Dmss trm cccurs on tae loioMng
day, and they may bsve depended upon Psyns uen
rents from their small ssvisSs The loss OF ln0euse
eIcbspge is more disastrous han ID any ProPe ono,
wise ciIcumttsDced well imagine. ine c'o"us
II st besieged the principal banking once aispelseo
;bt elves about O'Clock, and there was 10 a'enP'
at riot.
About O'Clock q: nigh. there vas large congrega
fiop Of .. ope in font Of the esvrgs osncn Oh tae
City Ct Glasgow BaIk, N Tropgsse. Inc deposlors
seie eager for admission TO withdraw tnen sa'nss,
but Row their fears hsd been excited We tDaH. x.u
have been ursbe to Learn Such was the result Of '1e
confusion, however that bats were snockeo on, Sea
al inn amount Of jostling took place. lne pohce
succet ded in clearing the streets ana We nave NJ
dOub h:t today The cy Of Gso% n.nH So far a.
We could learn, saving the distraction OF me loen
the rervous d ople would have been very saniscson
Iy srlsrRed With.
With reference to the s.oppsge, The Gla'gor DAILY
Mod remarks:
Sscb sp event has long been unknown in Scotland
and wonld be diff cult 70 describe the feelings wacn
excited il tbs large community Strong oissals'scuon
was txpesseds at the reusal II the older Scoten
the necessary aid N this severe crisis TO the Yves.
en- and this dissatisfaction s likely TO be increased
the more the circumstances become known. Inc oad
nsr sgemeLt ard bad debts OF the Western BANK ale
u, notorious. The diminished resource arising ron
tnese tehinficted caamities wac the evil TO begin
With But The great wealth of the proprietary, ana
the healthy field Of business that remained to the
bark, sere amply iuffcient to have surm9uned tns
difficulty. There was run upon the bank for gold
dtcItd attached TO its notes, no suspicion In any
quarter Of the solveI cy Of the Institution But there
b. gab sgsnst the bank process OF what we may cal
,sp and ine by the withdrawal of deposit account.
H. he city, and Of II terest deposits In the Country
byspches. Persons not receiving the accommodation
10 which heywere sccustomed or fearful OF not re-
ceyiDg it, withdrew their accounts and carrying out
the notes Of the Western Bstk, deposited them 10
ather banking establishments. A heavy balance was
thus formed against the Western in the weekly eI'
char ges Of notes. ard these balances according TO Gus
tom, had 70 be met by Exchque Bills. 1t wss TO en-,
Dbl. il TO clear Of this BIZ weekly liability that the aid
OF tie oer ARD chartered banks was invoked AID 10
the fret instance granted But these concerns soon
pulled up. 1t was really bat reasonable demand
sfer all mat was MADE upon them. They were daily
receiving from Ii public The deposits the Withdrawal
OF which was thus Gripping the Western; and Whist
asked was that they would not employ the sdvan-
ge thus obtained against sster instit alton in man
her fatal to it, e1feDce. For any rsk they ran they
bad the unlimited liability Of q proprietary as
nun eIous ard wealthy as any Of their own and
on a creoit precisely similar to which they
rom the public Every effort was made
last week by populations from Edinburgh, even OF
ptrtes not connected with the Western, and BY pro-
pc Of kinds to induce the directors OF these
banks to extend The requisite assistance in svsrng
what could not fail to be public catastrophe plan
was even arranged for the amalgamstion of the West
.rn ard Cly desdale by which the sidng banks would
have had the fecuty of two great unlimited propre.
tar 60 instead of But this too, wss rejected and
it was evident that the cooperation which had besn
expected, ard the fret promise Of which had sent
thrill of Joy and pride through all Scotland, was rot to
..AL g.. L., faA t,kh tfNh U
these circumstances that We should not be surprised
10 see the nost Gectua measures adopted to put an
epd TO the petty and runous Jealousy OF osnks ma,
bail from Edinburgh sgairst Gissgow banks and
banks that have charters sgainst banks that have
rore. In the nean time, the suspension OF the West
elm Is blow TO the whole community, aud cannot fAii
(, have .ome moot utfavorable c1tsequerces The
fret resolution of every Liam who has tue we-oelns
of ARROW and Of ScotALd at heart should be 70 pre-
vent by al pO.fible means aLy movemeaf on the part
Of tepositcrs agsinst other banks. Every bank In
Scotland affords perfect security TO deposiiors Va
The ether band ID bank whatever can stand against
rup for opposite. The money lodged IN our banks
vie ds an interest to lite owners IL has consequently
all 10 be employed Gnd invested in some prot able
soy sid HE every bark keeps as much cash in i.s
til as sufficient to meet the ordinary demands OF
otpositOrs, 10 inpossD that Gil can % served on
the same dag We tust that every effort VIII ne made
TO discourage vhdIa els OF accounts and dep sits IL
the me al time from bsIk TO another. We under
srapd that there has been this evening on one OF
he tsvirgs banks. Tois was to be feared, az the
Weitern had departments for savings IN its various
oIsncbts throughout the town; sed the disspPolo!-
ept Of its sayirge deposors was apt 70 be communl
Gated TO Others Of the same clsss. In order to cheek
tpis movement We would suggest TO the directors OF
The Western Bank the propnety OF paying OF It's
small savings oepoeitors at once.
EpIsBuReH. Wednesday Evening, Nov. IL.
Though Edinburgh Ii Bot, strictly speaking COM
uercis city spo viii suffer parativey little Eoa
the oifastrous failures IT has at ieaet ps-hc.
pated considerably in the excitement AND alarm OF tue
nx,s,a ha utf IN Il
mistake the part Of the other bstks in refusing 70
scfo srficisnt aid 20 the Western Bank of Scotsnd
no,~ iths andDg its potoIi,uty solvent proprietary
has produced psLic affecting more or less oil OF
ibt H. srd has given no Uncomfortable blow to the
6otnce Of the community OF Scotland generally N its
banking system. run has been made, more or less
STRENUOUS On almost every bank OF this city, and on
some the pressure bss been temeni ous. Tie ps0ic
has unfortunately conceded with the term Of Martin
mas which took place to-day and which is OF he
two halt esry periods Of payment Throughout Scot
iand. Large sums Of money are usually paid away by
the banks a. this term rstu1 ia me datey following
out on this occasion not only had the banks The Usual
ia, ents 10 meet, bu. hundreds Of depostcTs In
Deto OF the cash and acting under the impu.se OF
panic, ran 10 the bank % demand all heE money 10
iisDtly, and in gold while the usual repseemeuts
we've made 10 very stined measure, Even the notes
Of the old chartered banks ana of the Bank Of EGG
laI itself refused in many cases. the clsGor be-
irg everywhere fox gold. The Union Bank sustained
to day avery severe pressure, bat havrg fortified it
sef by large suIply " specie from London il was
able to meet all demands with slscrity, though in
many estes being called on to tender the sosersigrs
by huldreds The Ec!sbuIsh branch OF tee City 0:
GlssgOw and its ssvtss s.ak Sub office, ho~sFsr,
bsd 70 succumb about IL clock srd close their doors
to which the following Lotce was affixed
In eopssqsnee Of the excessive demand for gold &: the
bead oece baochss the Directors deemed prudent
suspend payment for TIE pesen with the view ofre'aOe
shortly
TIE bark bad certalrly been one Of the severes.
sufferers fE he panic, run having be .n made tpor
H. hath here AID IL G6skOE. al y-etssCaY. no. fdN
Glasgow depc sitors Who rad been unable u cbtsin