The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-27

There wei rumors saos during the early part Of tue
day, which had confirmed by q bank vfncn later
hour suspension Of uo the srgo,t
domestic commission house In the city. Garner
Co wide, known ofthe veshes, CRY good.
firms country thai serious approximations q
the ess, OF their sudden and pec,cd inability
thor engagements Tho rumor Is that their nabiuue,
which amour, 10 between two AMI three million Of dol
lars nearly oil 10 fall due within SIXTY days, and opd
Ing II impts Dle In tho present panic mako arrange
meD 70 90 through, they hsvo wisely concluded TO
for Il me- There various reports sAoat 10 the
sets Of the house. running up from Eve to million
OF dollars, but one will doubt for q
moment their ability 70 pay every dollar
they and have an immense surplus No man In Anne
RIGA has uneentood cotton mills thoroughly, or has
turned hs hnowlccgc 70 such advantage In sccumuns
fortune Thomas Garner with the exception, perhaps Of
Mr. sprague Of Providence who died At en- advanced age
months since, eaviag, sssd, elk or seven mill ,ns
Of dollars In England the large cotton Manufacturer
oo,on lords they called, the riches, class o.
In the land, and their destiny In ID country exempt
ned In the Of Mr. sprsgue and Mr. Garner In
gard 70 this susr9n.iou havs DOUBT from
10 se OF The position Of The house ,hai viii only be
po,y and earnestly hope tha. the thousands of poor
men who are dependent upon them for their dali, bread
may no, be thrown out Of employ meni.
A. the scoond board 10 da there sas very small bua
n.ss and all sses for cssh Cove and pitu
burg declined per cent; swsuks and Mississippi, az.
There were buyers street, while every
I'd 70 sell Very few the disposition and lees NUN
Der The means 10 purchase stocks 81 any price
We understand that about $4,000 In specie
from bis city nshiio Philadelphia roruy the banks
there, but vas OF no avail
The accounts from Philadelphia and BalImore are j1s
what we expected general suspension OF specie 'sy
men be the resut Of tho present sempozlng policy
Public conndspee has boon destroyed, and oil banks
suspended viii be drawn down 70 last dollar II sil
be By tegrsphIc dispatches the proper heal
tbs, Baltimore bsnss have suspended In body. The
suspension total The alarm has spread suspensions
have taken place In Warrington, ptsburs, Reading H.
rnburs and Lancaster II mus, b. come general hroash
gu, Pernsy I'snis, Maryland and the entire West Il may
pos extend any ror.aer south virginia and Rsuu KY
but the probability that the banks OF these stsca
vi hin The whirlpool o. speculation Beyond nat 70 the
South, ,ll IL undoubtedly safe.
or the failure Of the Yates County Bank in his State
the Pen Van Chronicle rcm1h.-
An event moro upltosed for BY the people generally
soua ga e,.,, IN, os,. n,svss =, No
eaua IN the tying es Of the p-ese1t revul
In monesry ail.r, reoeiver mas be sppo'n,.d,
u the redepp,io CT The bills VITA ner cengs I'll be
raid 10 impossible for 20 guess Dcrb,srs the csps
re for inc depo-ito,- uut the sl. az IA ilistsd
wlhout At,em pslre 10 paate snyth,rg ~e vii rmulv
say thai Judse William N Oliver ~ho mas oen toe cnief
nLsnoisl manager o, the Ysies County Bsrk, y. 'oas
been q use'u and bonoreo citizen 4 Pan Van ~'li he
n indulge him Nth all tho sharty aud forns%anoe
tbss the rircurs'an - ~ allow tnw failure mut w.
svsbly very Injurious e6ec upon he business IN
tsress OF this community
The PhIladel ia Dsly Ne,rs sayss-
We undey,sBd hat the Reading Railroad Company las,
week dsohs'gef about tree hundred sAsds from the
Workshop, If the onmpany ii Reading and Ros n0ni,
and sc sre bformed ,odsy ,h.i he Socsouv irrr JON
psny ~bO have ex nsivs ~oFks al htnv le ha de OF
mined W ray OF her hands and cls. toe r,us nth ~
the present r,is wl throw ont Of employ mens some
two thousand men, and With heir 10 etes .. least ss
thousand people ~i thus be deprived Of the means Of
support