New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-14

nayuenls but could NOT oeey see tnou Wy w e"'
A. the adjourned meeting at O'Clock, AFTER free
and an exhibit Of the position OF the DIFF
ferent banks it unsnmously resolved not TO open
aoo,. orrow, So the New. York bank system has
como 10 the wall, and the example will probably be
s,roved by the whole country. The aggregate
s,,ecie in bark at the close of business to-day
was found upon consultation, 10 be IS, 800, 900.
AN the banks, with few exceptions, viii 60 With
their business before, aud prepare for early
sumption as possible. Some ,ystem viii be .! once
adopted, by certified checks and other means, By
which payments between merchants can be made. the
Clearing House exchanges being made in coin between
the banks. The uncurrent-money system Of the Me-
tropotan and American Exchange viii of course be
abandoned, but it is probable that the banks will
agree to receive and pay out well secured State money
at par as they did in 1887. This will prove great
relief to the mercantile community.
The following is list Of the Banks whose bills were
thrown out yesterday by the American Exchange and
Metropolitan Banks until arrangements are made Tor
the future redemption Of their bills In this city they
being heretofore redeemed by some of the Banks
whose suspension is announced above:
UsIoS BANK OF MONTICELLO.
OswEGo RIVER BANK.
GOSHEN BANK.
MERCHANTS BASK, Syracuse.
BRIGGS BANK, Clyde.
BANK OF CoMMERcg Carmel.
ORANGE COUNTY BAEK.
EAGLE BANK, Rochester.
BANK OF NEwBUH6H.
PoUGHKEEPsIE BANK.
ULSTER COUNTY BANK.
Sussex BANK.
FARMERS AND DROvERs BANK.
HoBoKEs CITY BANK, New-Jersey.
JERSEY CITY BANK, NewJersey.
FARMERS BANK OF VANTAGE, New-Jersey.
PAHeuIoeuE BANK, Connecticut.
In the general whirlwind which swept the city
Yesterday private failures attracted little attention and
no one troubled himself to authenticate the numerous
rumors that were in circulation. We may, however,
mention the following as among the suspensions Of the
day, reported on good authority:
i. A. HEARN, Dry Goods.
w. LASGDoS & Co., Dry Goods.
HERRrcK, FERRIS & Co., Furnishing Goods.
AMEs, HERRIcK e. RHODES, Ststioners.
The out oftown disasters reported by telegraph are
as follows:
FRANCIS SKINNER & Co., Boston, suspended. This
firm, which is the largest dry goods commission house
in the city, was agent for mary large manufacturing
companies.
L. d w. LYMAN, BOstOn, COluuiis5i1u urOiOHonbo'
OAKLEY L. HOPKINS, New-Orleans, large cotton FAC
tors.
THE DRAIN OF SPECIE.
Our reporters have gathered, chiefly from the most
authentic sourcet the following facts in regard to the
Banks:
AMERICAN EXCHANGE BANK.
In the morning it was manifest that there was 10 De
q rush of depositors and Joy noon large crowd mao
assembled and formed into Zine with checks, and In
come instances, bills of tho Bank. The demands
were promptly met, some IN specie ana otners In
the bills of other city Bank =, az the drawers
wished and the doors were kept till 81 O'Clock
half hour after the usual bank nc hours ABOUT
$4,000 was paid out.
At 4 o'clock the scene inside the sank presented
little indications of the pressure Clerk were Joiy;
jokes were numerous. Every individual with fright
ened face who came in with checks or n0 60 vas III
vted to call in the morning, when their deinanG'
would be responded to. Bologna sausages an sauu.
witches were being partaken of with the apr areH'
relish Of several hours abstinence from food.
The understanding is that the Bank will rerA IL
business at the usual hour to-day.
One sanguine party outside wanted to bet $3.50
cash that the Bank would stand the pressure and
not break Another said he would take the bet, pro-
vided the confident individual would take his check
for 800 on that Bank as equivalent to the 500.
SaDgune party declined amid roars of laughter, and.
regarding himself sold, he treated the crowd.
BANK OF AMERICA
The Bank of America paid out $4,000 in gold. A
great many bills were given out in exchange for bills
of other banks. The deposits were nearly double
what they were on Monday and at least Onethrd more
than the average for a week past.
ARTIzAES BANK.
The Artisans Bank suspended at 2:35 p. m, after
paying out some $4,000 in specie. Their deposits
are reduced to about $50 O0O circulation about $7O
600; secured on NewYork g. payable in 1870 and for
which they paid liz per cent premium Their state
msnt will be nearly as follows:
Deposits $SMU
Total. .sl@OOs
ASSETS.
State Stocks (par vsue) 10000
ATLANTIC BASR.
The Atlantic Bank paid all demands promptly. and