The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-28

ohsrscte~,'ac Of our people. We have overdose
the business, and fairly driven INTO the grouud
We toub, the rails )sds in the Uni 81 STATES are
more thau nfsy per OF drst Dr. % put il in
another form the railroads are come -ans d. years
There Ia fable E,ops hch 70 the mind In con
nectior with these and simhr financial FOX
nearly starved TO cesh. h.d crs sled through hole In .
shepherds hut gJrge imsef with the food found
there But shep be turned TO 60 back again he found
nat from hi, Increased pulls he ooad res through
he opepisg by which al entered and he was told
,tst he must stay there Ill he had grown lean q when
he went In No the railroads. for he present yond
Inc S,n G su s Su. oows Sas
cent and the capitalists must consider thai they have
only got my oenis for every dollar laid out They mrs
lay this fsterng JUNCTION 20 their souls aud aocep,
A. psd truth Hut In the meacsme, the hole go ring
iarser-thst IT, the wssh and OF the country
arc rapidly increasns and the rsioats have much
uibuec 10 II. rhe Ius relation betseen railroads and
the development or the country viii soon DO reached
his day al their cost; but unbsppy the burdens and
the benefits not fairl2 cswibu,ed
the tliurc Of the Ohio Life and frost Company will,
douhuess, occasion much d t-ess-oreak fe hearts
and oa-t many lives; II will po'ns mauJ ber o6jurg~
tory paragraph In European jonrnas bat We shall get
win be forgotten the growth OF tho country is so rspd-
lie retources prodts ioushs IN ngs give the
wheels 3 monen'ary shock but DO not rtard ths move
mint II he car
REPORTED BANK xAilURsB.
[gron ,he Bostop Journal, August PAL
We have given in a despatch from Ss~ YORK list OF
ue but II should borne 10 mind that s street ia
very exoae spot and reports of s xinds Sc, aoas
serve the speculative views Of individuals or oomps
MES. especially In such time Of excitement naturally
grows out of ihe stoppase Of The Ohio Lie aud Tfus Con-
py. We, tefeoe caution Que readers 10 Keep cool,
aad accept true without further al tnat
panlc di.,rott and may DO fraud, mag send the
wirw for a few days 10 come.
The bsuks spoken Of are all snail afs hardly worthy
OF the name snt II 1t urnt oct be true thai 81 those
reported have actually fal ed presume tbri tns VII s
ount Of their dsba viii not prove equal o ofe Of cue
Ihe constant gambling IN stocks which seems form
~ largo portion OF the occupation Of our Ne~ YORK
peahbors b5 Constantly loading to explosions, by
Hbeh Inc weakest are sem 10 The wall but they should
be allowed TO seo, confidence in general business
being Effected BY the rise fail OF f.Dcy STOCKS,
ups and downs Of these who deal IN them.
Oar osn people seem to have abandoned this ray Of
trying to mare nopey or rome time past and sha.eyst
aisusaons may take piaos elsewhere will hardly be felt
here We believe that New Eugland banks aad New
Eng and merchants neve' stood hruer soAa shey DO TO
day.
Since NE above II type learn saa. the sad,It
bank still r. the bls or tbs HANCOCK Bang (vnob
s in Els noitb, Ne and sto nothing about is IA ure
There Is 10 bank In Ia ford Conn the bills OF which
90, resolved at the sunok The yer Fa'mers, and
Rhode islsd CsDai NIKE do no, redeem their bids a.
ne Suffolk but nothing IA kno hsre 10 their reported
fsDure The probability rs mat thsse reports esnards
ret ufost for fraudulent purposes.
despatch received 10 this CITY rrou New York states
that Jacob Iule, the stock broker. has again fsilst-
tee panic 10 the stock market and the dcpFessiou
Of prices. Since his previous failure the great bes
npers Tor has been operating Ms" bull"
state street IL Of full OF One Of them Is
that az eminent backing horse ana distinguished mer-
Jhapt In this city heavy oeers by hs aiore OF the
Ohio Life end rfuss company Iii no, anticipated, ho.
scr, that tt cir credit will DC affected
From the Nes Haven Courier, August 81
TIE MONEY MAKXKr
lie feeling cCcasoDel By the Suspension or the
s1 ar"', q mp.os' ,nh'wea oy the ls,ers Of several
accelerated the downfall OF the weak hoasss Foe
time we may eApec, and bear or failures, and OF gsner
trouble Of railroad securities The notea If the Rhode
Island, Central, nverton and Farmers Bank Of WoJa
sookes discreded by the uncurreut money brokers
on Tuesday, and rumor prevailed that Hartford bauk
had failed, In which rumor there not ro,soly any
truth.
TIE FTNA BANK.
The people Of Hartford evidently manifested great desire
10 cast their money into the e this vocaac u.
ZION on Tuesday he capital $500 COO and no less tnan
$25c6 TOO Was offered and subscribed aad the 20 nma-
foDevs bsve good job apcorooiDg the stock eIaslly
petveen he applicants The ayidy 9th which the stock
Germ. II 10 supposed ia periodical eruprons viii pour
golden lava into lne pockets Of the stockholders wes,
The last House Of Representatives be The President Of
he now bank
ras syIRcr IN sHops IsLAso.
From the Providercs Journal, August 27.l
The leading tepc OF drc asaion still the failure OF the
Ohio Life and Trust AMY. Although this lustution
creates p1ic and drsSs down weaker hou,es, nc, only
among hose connected with Il, but thosc uncn not
r1ess IN sHpcsiou ye, II re no,hps 10 the decne
Western securities hat takes rrudsnt by surprise
For long time the East has been pureuns the ron,,
policy OF seodpe s capital to the Weat for the
yeopemsn Of Agricultural and natural rces, hut 10
enable spcculaore 10 ho3 lSnos OF the market l.y
out ees where they ought " pi.ps aud To initiate toe
prices Of the chief OF life Toe ,w % East
capital TO the Vest bs, given unnatural sne,us Ia
emigration and has carried away enterprise ana ss mat
were needed ct home Providence and Worcester nave
been helprg 10 brild up Chicago end Milwaukee, ami -
ranser ,he seat " empire 10 he we.t fAef than
moving from natural cau,es The msiu motives for .as
have been TIRE rapid rise OF ands snd the consequent hSn
RAJ o. interest every body knors thst Ihore All be
An end 10 the conruy socuu ulstrg value OF properly
that erenced other change nAn passing frome
owner to snou and ,hst VINO hired MONEY At two
per month specu with ulti ,aiely faii
but every BODY hoped ibs his Investment would be aAe
that his loan would be repaid before toe crSA.
The natural ressls % ,ns great e'p,nson ,hN has 70
be arrested ano perhaps ior the general inter ats OF TIE
country hey ought nos " be They c,me as surciy 81
headacte roess cebAucn, aud they will surely re-
heve the system And restore 70 lie regular ooerarnr
New viii sep mo the places Of hose 500 fail sad
IN way trough the .t,ges the 70
subs; sDd In Que time We thth have prosperity large
fcw colossal fortunes and good many wreck, sli 70
main 10 marx another decade Ia the commercial history ~
The county But ~ih every period something 10 ,diss
10 TIE general sesD spd With ell Tho i1di d1al loss an
suffering, something " secured Tor The paoho good
Tho country 10 10 better condition 70 bear CONNER
cal ievukion ibsn hs- been a. previous ons.
here are srescr socumsaions Of sosasl wealth. aud
ertsier facilities TO- commenCoF the lsoa sue Y.
cyea,ion 81 rarosas ip advai cs Il me
burmese which s rolied 1pon support the ruin. the
src cors bat scd- real value 10 t1e lands ,hro "a
which iney p.sr, and 20 the points when ,ney c,ueect
THIS " especially In the West they p-1isot
rslrttd ho1~eeu "ce-" before The for
The ais cf hut, Essseru cspl,, h~ nuh the roaiS and
Eaficrr have LED the cites The Wet ha' he
mproyem nis ~ sha~ Zoe 10 ps-' Of he hs gaia; tue
EAsi has Q srss smcun, ~ exec sjnsy sel engraved
ncrts 9Th coupons Attached ne exsc, value Of ~hicn
may be Wcsrtanod Al zoe 20 ar MD
rHE sosEv NAHK.r.
From N. Pniis1elphis Lefser. Augnu ~
The siooh market 4. ssnshors ssverer crisis tnan
have kno~p Ia The iNt eight Credit Is sooi
deal out Of the elbows and ell s,oss pres ercep. those
" The lccs backs arc very onuoo deprescd rae f'lo-
ns shove the quotations ~ the esfns stocks IN this
ke q pe present yme con pared with quotations 90 The
lat n April lAst;-
atrNI Aug IS
afvsuce