New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-15

Maitland Phep. L Co, F.M French,
Grinneil Min,ufn s Co, Foster Elliott Co.;
T E1sas c ssSs Co., cSs w:af ka!.e
}. II. Brewer 4 Co.
Ats o'clock the Dumber Of merchants present could
not have been less than 900.
Edwin ID. Morgan read the call Of the meeting and
nominated James Brown as President. The nomina-
ton was accededt TO.
james Lee ard Robert C. Goodhue were appointed
Secretaries.
Peetish PERT President Of the Chamber of Com
merce, offered the following resolutions for adoption:
Peed As the Of this Getting that the exsenctes OF
public affairs require extra session OF the ess
their wisdom may be deemed just and expedent oI the pubic
snps az commercial industry Of State give employ
the labor Of the city and to renew specie pay ment a. al
Rs.osd With the view quidae the indebtedness. Of tho
% o% 81 s the banks
sHord every facility in their power without delay.
aebed looking at those great Of wealth the varied
and large crops the United States the existing monetary de-
sweS Of confidence to the ordinary msn
cry credit Of business 50 that while se nsS ~ o
property; h. Committee 70 n,s.en. ,he..
the Governor Of the State at Albany aud to SO
ct his imne dste action thereon
Mr. PERT advocated the adoption Of the resolutions
He said he would not attempt to speak at length upon
them, az it would be impossible for him to be heard
by but a email portion of the assembage and he did
not know it was necessary that he should speak at
lereh as he positive that the resolutions would
meet with the full acquescence of the merchants To
day the merchants found themselves in position new
and novel. The banks yesterday had found them
selves obliged TO suspend specie payments, though on
the previous day it was known that they were pei
fectly solvent. The merchants had unqualified con-
h. anG
be no doubt that their assets abundant to meet
a. their Liabilities; and if this were true, he regarded
il as the duty of merchants to sustain the banks by
every means in their power and this duty he cOnsid
cred imperative.
Mr. PERT thought that their first duty was TO represent
70 The Governor of the State the necessity that existed
for an immediate call for extra session OF the Legs
lature, 10 remove the penalties now imposed upon
the banks for suspension specie payments in order
that the regular current Of business might be restored
to its legitimate channel That step was provided for
by the resolutions. Further, he suggested that 1t
was the duty of merchants to give all their influence
and all their aid to sustain the banks in the presen'
exgercy and afo to use all forbearance in their dealt
ings with one another, and to give every indulgence
possible in the present pressure
Moses H. Grnnel seconded the resolutions, winch
were put TO vote and unanimously adopted.
Theodore Dehon moved that the committee provided
for bv the resolutions be appointed by the President
The motion was carried, and the President named
the following gentlemen as such committee;
M Nom Il IL csiHh.n SSys f5siR si,,.,oo
Charles II Russell, schuyler Lv Mssn
Abraham Hewitt, 'na'se' n "'i
On motion the President and Secretaries OF the
meeting were added 10 the committee.
III ,au tbapo fferad the following ro5Oiu-
ton:
a1s ss S Of he Sni. Of the City NewO
to meet all their engagements dollar for dollar.
Mr. Grinnen said he should not offer any EXTENDED
remarks. The resolutions which had been aaopted
with such unanimty expressed his sentiments ana no
did rot doubt that the Governor would respond 70 the
call contained in them. But in accordance with wns'
be deemed to be their duty to the banks, no naa VI
fered this resolution of confidence in their sounono''
and he hoped il would be adopted, notwithstanding
| the fact that they bad been compelled to suspend
specie payment the previous day. But IL .ney 10.
done 80, the banks had as Tangible properly !" NJ
their liabilities any merchant in the ROOM "'u ':a
they intended to pay their debts as the mefcna""
tended 10 pay theirs. Applause.
The resolution vas seconded, and after~Ara' uH""'
mcusly adopted. 49,, l..
| The meeting then Adjourned. :. .,..
tween the members of the Committee was o. o.ss
held, and at O'Clock they left, on the hua'''
Railroad, for Albany.
THE COURTS-SU BANKS lo'oVN.
The universal suspension Of specie payneu. 10. 40,
already made some change in the cifcum'Au, , a..
prospects Of the banks On Tuesday ofasls ,S.,
at the Special Term of the Supreme C0ui. .a,
Marine and Citizens Banks should sno. osuse W.!
receivers should not be appointed Yesterday tness
orders were vacated, the suits and 81 piVo''e'
withdraw ard the banks viii 60 on as usuAl.
The Judges cay that in like manner tney W.. 49,
all orders which have been granted aPpon.'ns 30,
ceivers excepting, of course, such banks :, nss se
gone into liquidation. OF such there GUY . -, =.
Mechanics Banking Association. LIE ,e'u. -. "
that all the banks viii be placed On 20 eq'"A ''''s
and al viii 90 on. ,;..