The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-16

ooeoUo0. - 0s kcroonnt4 nxoAsrea aA oatalceue
hsastss ms NJ Of sssoaa
Drsssrssesu,S ssra- weekly sasssf besAs sDdssocks
YIN sks plsos 'esorow. vaag. - a2k O'Clock. q mo
hssohaaA' ExchansA
no Massachusetts, Bank Of Boston has .o4 suspssdsd
Ms, ws bcsvo, tho only banksshse oi1 wsa o,ndnues
spscis Pay msns and Win probably 20 vssgh. II has
eroulAou OF $4,000 with tvrv, 900 II spsss hand
Ne neetus Of As Canal Dsard, held q Asaay ysstsr-
dss, Mr. Auditor Benton submitted pin for relieving
fcrwndes and the oeamcaity, generally nseresssd In
having Tho produce o. the country brought b market
Ths plan 70 the ess.thas sanS having Funds Of shs
sase shall receive The checks or wszdns the bauxs
holding the Ssn' Of laaDs - seorr,ss. The Albany
ctotesmar says-
Thus prscucsy ho State Furnishes funds 10 nnove pro-
duoe 70 nArkss, put The fsrwssder In busnss, make
tsssess for the caAa Afford reef which reaches Ill
For Ills nelly sad Important assAsuro or relief.
LIZ Auditor Bentoa ID deserving WI. resolve tho
t.pn especially Of Oh casa men, and not sss Of the
Tho Casai Board also reIovtd receive for toll Bills
Is the bapkA In this ssa1 In COCO croatt
AaEesed n tbs esl record u tho action Of the Abs
ny benks In the after or tho Esoendos OF epcce par
nents:--
Al meeting or che Ulcers OF the banks Of che city OF
Albany, hsio tnis uaosnins, Il wax
Resolved Thai the general suspension OF Tao New York
. sssoension OF a. ece psy meets.
Resol ea Thss We vii eceigsn pay mint Of debts and
I
credit on III rsuhi tor1s rad canauot our exchanges
With each other ~ heretofore.
Jhomss W. Csco,t, Piendent Henh. and Farm Bank.
Eratlus Co. ling. President Albany CITY p,nk
jacob d Ton Eyck lfe'!dsnt B..k u Albany.
John &. White, Fr.aideri Rank Of the Capitol.
u. r. Lea,rsd, President gnon BAns-
q. p. Williams, RI esi5tnt Albany Exchange Rank.
John l.. seho lorat President Commercial Bank.
John rweocic, Presid, nj n. rchen EsaE.
Rufus II Eios, President New YORK S,ste BAnk.
j. Piamb, Pfes lie 1 BsIk or the ,rtcxior.
4 G. ksrsn, Cashier National Bank.
Oct IA. lSrZ
Al oce O'Clock tho tcers or tna vnrious banks me.
according to adjournment a. the CsG.cs House, Franklin
Every bank Ia the city was represented and after ds
ousst the fo,~ipg n port and resolutions were unan
Your Committee rsprt that IL confederation OF the
oou 20 isien py tho ranks this morning 10 suspondng
was 90. mstYor Or mere expsdancy growing out OF tao
fact that tie bar Se OF New York; RI adel Sha Balmore
e.smpe but !, was : Of Irresistible atty
necessity impoaed en- them not merely, nor principally,
cir own account, but rao, especially for the proeo
ton Of tn ir auneroIE debtors
Hs obvious rat the banks could no. continue specie
payments without calling on their debtors to pay In spoce
and although the great Ease Of them are In lon Of
large properties eir inability pay specie certain,
aud the attempts 70 enforce would ond in ruin. In their
fail ALAG the Abons classes or the community uus be In
volved they would be thrown out Of employment, aad
their families deprived OF her siiy bread
10 avert these consequences shai thi' measore has
The Committee recommended the adoption of Me FOL
loving IeaolusoDs:S .,...,...
between the banks in the Clearing House ahA be con-
tnued under such notifications u the Clearing House
Committee may think advs able.
Resolved, That there shall be TO specie pay.
mep's nt a. eary period ~ practicable For the com
nisse, 6. W. CARrTRIiaf, Chairman.
A The meeting OF he bond and stockholders OF tho Nov
York and m Railroad, held 81 Clinton Hail. As.or place,
Wednesday night seventy thcussnd dollars Of the SIX
millions bonds proposed by tho DIRECTORS 10 DO Issued to
relieve tho company OF liz pTc,ent enbarrnsuepx, TO
provide against the crsalon OF . future floating
dsh and carry out The proposed improvements Of the
road subscribed for Nearly hundred thousand
dollars had been previously taken. fhe subscription
books, axty In number In active circulation, asd
The entire amount Of subsciipoa b net known. They viii
be returned nsxt week 70 the oce Of tho COMPANY and
fourth meeting Of the atock and bondhodes viii DO thou
called. resolution viii be offered adopted In
accordance with the views suggested on Wednesday
nIgh.-recsving the coupons falling due this year pay
ent bonds where the amount equal to thousand
dollar, and whore not, scrip Of the company win be
given for the due. Tho acseptnoes OF the company
viii aho be taken In payment.
The earnings or the nnos Central Railroad Tor Soptcm
bas 81 snd TIE land saies amounted TO se
coo. Bat . small proportion Of Tho latter amount
paid II cash. The total eaynisgv from January 10 Ooto
Der l. we're sIA2 es:, which IN excess Of $50 oco
the corresponding portion Of 1885,
The earnings Of the Cincinnati, Hamilton and Dayton
Railroad Company have been - fclloss
Sonvc0. SEPT 1857 Sept 1866
Freight. .$2os6a o2 e2s.o73 ~
III % Y