The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-26

cert wss announoed every tha. the work os pro
eosou wAs In oeress and the conviction that In csss OF
nseu there would b. NO hesitation IN mahos another
funds went d2vn, ana Asre ,oas much uneasiWeu
sp.ctin0 the prOoabe fate Of tle ossfacsuring firms has
riod might be approaching Il which II would bs impos
sblo for feCy solvent h,uses obtain money
am ns Inc bar King and com ~s1s %usssy asrSsd
striking contrast 10 the scenes ihas used 70 be VT
messed whom tho Rae principles which reguso the cur
lency wers unreoosnzed II any regret wss exoressei
wls simply that tho rso TO por cent hsd not been
resolved ueon day Two easls' Atogeshe the feel
system Of finance and 70 oonnrm the impression thai a.
though this shock from America bas ooms upon N tn
IT, 90 thai s consf quer oss heavy - they must
ny be- shall no. destroy confidence or lneTup! be gen
Tho fluctuations in The FUNDS to day have seen
| extremely srsn, and 81 hoUsh thsre was partial
rsl, rom the lo-est point, me final quotations, a:
conpcred wsth Nose 5 satirday ,ho~ . decline Of
than and a fusrsr PER Just before the
commencement Of buslDess appeared ~ II the market
would open buoyanty from the effects OF the Indian news
but 1t onoe oIculHsod that lur:ner move
meDt On the cart OF The hank nmnent, and the drst
dec Inc e per cent Tue To- ma, n1unO.aon Of the sd
vance In tns rste - made forth With and graiua fall
length took place a STA the o~e point resched during
aS ,ns s s me coe p"
for money and ss1s for the 10th Of November SON
Of The sales curing tho afternoon were said 70 have been
i
rse the publication Of rate or rIchsnge pa
cus expectation Of shipments Of gold being about
70 be made 10 New York. aso induced many operAt ons
There lkewhe On apprehension tha. mercantile sop
pages would be announced from the proviaces and wat
70 sell o0k 10 provide Tor the wants o ,hsir casomsrs
An erroneous iepor NJ the Time spread OF sales
having been made en- account of toe Bank Of Eaglaud
me rate fer loans government securities rom tue pre-
acooun, to tho 10Th OF November 6k per cent.
mo foreiga stock market has besn active N generally
Tho inal quotations this evening rrom the Paris Bourre
were eo SOC or moaey and 66 0oc for tho end OF lac
per cent AZ vienna there has been dc,ne Of ,aree-
quarters per can't
The count houses have Increased thei, rate or allow
snce to por cent for money CALI and 90 per cept for
deross with short notice. being advance Of three quar-
ID. .9s no
cent The rate Of the joint stock banks for deposits will
rhe political accounts from India TO day were received
with uni Tersa satisfaction, every one being dsp 70
consider that ali uncertainty With regard 70 he fa.uro
10 end From m BAY the al also
are not upsssfs ctory since they show demand for i'm
ported goods adv ancipg oces but the from
Calcutta Of the Bank Of Bsrgsl haviDg refused
yapce0 on govern ment paper commercial bills
,ho,t da.e has accustomed fears that the stop may have
the merca tile houses u known cn tho arrival Of the
previous mali that the Bank Of Bengal had read refused
srch advances but WAS added thai the had
cvorrnled their objections H now appears that the "a tor
have given way. tho ausfscsry for bank
leao Of ung sbsoluely class c paper -oald nave
scen for them rAaed IN rate 70 whatever point
the demand would justify. TIE true way 70 produce
ny aos
the public taking Asr because teey haya thsn the feel
Ing Of Hcsiy that in tho oSs Of the worst emergency
| they are no' shut out rom oil possibility of aid.
-Four or nro failures some Of them Of inportauce-
we're announced from Glasgow Today Too pruci.
believed te be extensive. yhey largo shippers
| Of Gi1gow eooas TO America aud elsewhere. Tue
% and Wallace o.. Promp were felt 70 be
pe0usry 70 prevent ~ Tar ~ yossioe any iu.resse oi
had been anmmoned TO inveSae the position OF thsse
and tther nrms
The yioaie k>rs from New Fork to day all ,rpres, con
siderable confidence thi Ae heen ortae panic had passed
large proportion Of the houses tnas had ban brought
down describei ~ having had no souni basu bat
thai stood extremely we'll Among those were Garner
O.. commission hoase, which 10 said 70 have eoj,y.
snS Abbes DaSps ca, In the aoar trade All the banks
Prosidcpce, Rhode Islsnd had SO pod BY oSnoert
% had been expercnred Of s.nore the panic being 81.
cncc miiieated From Bort Philadelphia and Baltimore
ros ercu.on Of The Su.nenaed bank, Al Inc So IL st
cites Was no, moro than or per csnt, bills on New
York being pur,nasesole on those orns rne Bank Of
Pennsy lvana have advised their London
thai rcmtanccs viii be nsde win undisiurbed regu
Purchases OF American stocks by Eussn capitalist. con
tnne large scale, and this gcamrancs oonsu al
the present moments maserih ADDITION 70 tho aayerse
| o,ursc Of our relscrs with ths, ocuntry.
rbe ad,ices from Paris state thsi a = nseing or In,
| Bank Of France on SATURDAY. the necessity for
| advArCe IN th6 rG6 OF dsc01pt was discuss
Cd, and Ibai n IL nos considered csrtsn. The
81 ecAoros however, were anxious hs. sisht delay
should take place after be III advised Of facilities
adopted only week ago During The pai rtcntA about
dozen failures sad 10 hdts o,cryved Parts ba all
Of seood rate houses From all Of the consnens noe
p Vienna and Turin tho basts win dlscoun, only snovs
paper, and that In certain med amounts FOR the several
rho reports OF me trde Of the manufacturing towns
during The psst week show Considerable dunoss u
| a. Al hua nqs
fn also been again Affected by the stoppage OF several
silk houses. BrmjDshan 10 stated TINS lar 70 have
cspsd very ell he effects or ibc New YorE crisis Bad
ford. n 10 feared, has suffered 10 c1cu and n all
points ths c,ssatou OF orders from the Uni.ed sa
likely 70 osuso inactivity during the neIt few months
In tho general bssneis port Of Losdon during the
paat hsrc has been Hills csango the total ~ sui
he prsvous week mo rumb,r cleared ouivnd rss
t9, including 20 n ballast showing also decerase OF IL
araran colonies "a, being Than Al the isss
Notwithstanding ,ae sudden I in the funds tho rail wsy
market fairly suppovsd In the morning, but sobse
quepy prices gave way upon speculative and provincial
'aes, and . esera reduction took place Tne decline
no, CON ncnsursk with the depreciation In rsoIs
and romc descriptions showed considerable armneu al
slightly lower quossions In American there was some
acrvi,y si reduosd hipcs vcre Inquired for
carada government beads docllned and In nsocsneour
securities rsau 7on took plaoe IN can.da Lsnd L.adon
4 Mall Seam aud London General npibas
| From ihs London Chronicle, oct. l9l
Al . special messing Of the court Of drec.o- Of the
o az on,
ahk. 70 the dscoun Of commercial bills and osns
Gccs measure Of this slud wss 70 be erpeoed, and
10 70 bs wondered at thst The restrovc roncy
no, adopted ea,her H. hosever could not be delayed
longer Tran v day, ~ vS imperative en- Tho directors
10 check N thsy could not STOP. the heavy dram upon
them. The applications t0Aih all last Wsck and TIE soek
prsrioulv had ben tsry heavy vrs on 6nufsy eva
ordinarily %, av,cinhg % miiioa sterling With
reserve " notes OF ony about four millions 70 meet
Rrs drsn there no help Tor thsm bu, 70 pu, up the
rate. But cannot stop n tue present quoaton.
IN hat vi yr aka
cent before Thursday pext ncr can ve hope that
even tnis limit viii be marimu hzlv
20 10 10 rsr cont that very sreed y, rDlsm the bank
charter Ia abrcgskd. me mercsrile In eress 10 no;
know, And would almost n they cAnnos under.
stand he so and runous system Of nnsnoe under which
they subjeot They are constantly placed In the
erestest jeopardy Not until they have longer sdn
70 Sustain themselves may hopc thai they viii have
tae fsriea pcsp'ion Of the actual state Of rgs Bot
In 20 call ihor sts nton n the subject rhey prefer
esrscr and no,rcuo's 70 security, hns nais sppcs