Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1857-10-24
Correspondence Of the Cincinnati Tmes)
An INCIDENT OF THE PANIC AT rnE
WEST

CAIRO, Illinois, Oct. S.-Mr. I.ysle I.od-
wick, of the firm Of Lodwick 4 Allen import
ers Of paper-bangings. arrived here this eve
ming from paducab, Ky, where his presence
created qnite popular commotioh.
Mr. Lodwick visited Puducah for the pur.
pose of drawing out of the Commercial Bank
of Kentucky there located, $4,000 in gold,
in exchange for bills OF that bank. lie is 10
broker, and bis objec, was merely to save
himself from loss, through the high rates Of
exchange lie was obliged to have conside.
rable of that, aud by drawing the specie, with
the notes in bis possession, would save him
loss of scme S400-an object worth contend.
ing for nova days, most assuredly.
On arriving at Padncah he left his pack.
age Of notes at the Bank, intending 10 call
again for his gold. Going TO his hotel, be
was approached 10y some citizens who in-
qnired the object of his visit to paducah lie
frankly told them. They told him he would
not be allowed to take one cent Of specie out
Of the Bank, and that he had better leave
town on the first boat. Mr. l.. cxpostulutsd
with them for half an hour, but all 10 no pur-
pose. lie then returned to the Bauk, follow
ed by crowd, which accumulated at every
step, and which became very clamorous
Arriving at the Bank, the Cashier informed
Mr. lodwck that his specie was ready, and
that the Bank was happy to accommodate
him. The crowd however. told him lie
should not touch farthng Of il. He was
entirely surrounded 10y a cllmorous crowd
evidently disposed to commit personal vio-
lence, though the merchant is n man fifty Ave
years Of age. and inGrm at that. Indeed he
would have been struck down by cane, but
for the prompt Interference Of Mr.. Bowman.
one Of the editors of that city Mr. Lodwick
endeavored to reason with the crowd; told
| them be was no broker, that his business was
| perfectly legitimate, &c, but il was Of no
| use. He then made his way TO the house Of
Watts, Given & Co., and held private in
terview with one of the firm. He asked bis
advice, and received in reply take the first
boat il you want to escape ducking'
Mr.. Lodwick asked if the respectable peo-
pie of Paducah upheld :he movement, and
was told that they did. lie inquired for city
officers, with whom he might consult, bnt
could find none. The crowd finally took pos
session of bin, conducted him back to the
| Commercial Bank, and made him withdraw
the paper money he had deposited The
Cashier of the Bank was present and rebuked
the crowd. lie told them the Bans was well
prepared to meet every demned, and did not
want any interference with its business. He
offered Mr.. Lodwick the specie, and entreat.
ed MN 10 take II. bat lac dare not do II, SO
bold were the threats Of those present. lie
then offered to take draft on Cincinnati,
but the mob-lor such it was-refused 10 al
low even that They kept strict guard over
him until he withdrew thu noney he had de-
posted, and then ordered him to leave on the
first boat. lie did so-gad to leave the
place with whole bones. Before he left the
Bank, however. the Cashier told him to go TO
Louisville, and arrangements would be made
for the redemption Of the notes in his pos.
session As l before remarked. he arrived
here this evening, highly incensed at the
treatment be received
LATER.-Since the above was written other
persons have arrived from Psducah. They
state that a reaction has taken place, aud
that the treatment of Lodwick is now con-
demned, aud he will be invited TO return and
transact bis business without hindrancs. He
has taken his departure, however, for Louis.
Vile