Litchfield enquirer., 1857-10-15
Financial
TUESDAY.

running expenses. Yeu might be presented gratis tile whole track equipment, stioh house, &c.. and If you undertook to the rea you would be r,l- incl before the year Hp. The p. cit goes into the iasd, and tl.as is separately secured Only 10 per cent. is paid in the stock. that wien qno- ted at GO it is only worthless in the market. Vast quantities. of it's stocks and bcnsls are he4 in Eu- rope, an,i there will certainly come vail of woe from the pluTtleletl capitalists large and small. Of the old world. Tie operations were gigantic, and the wrath and ruin will correspond. 1t sold its stock few nfonfIs for l4o it sells at 10 cents or nothing for 10 paid ill., They tried to levy an assessmet ot 19 cents their stock and sell d afs abroad in sufficient amount to stagEer along but
 the drafts could not bt sd and suspension on their floating deI't became inevitable
 1he Erie R. R. also, the great pet of New York, has suspended payments on its floating debt Its notes and acccptanccs were protested Friay af- crnoon, becs.se the officers of the company coui,i n1t, by the most strenuous efforts a any sacrifice procur@ cash. Charles Moran announces tle fact to te stock and londhoiCers, and invites them to coll- into other hands, Will they NotLing but prompt diti uiltC' iCt.bll can save tHc COfnDaE, Iit these tinrs, it is use!ess to hope for that
 Til. State of New Yolk the Empire State has suspended payment Glc auditor aunuunces that in consequence of the ai ure to negotiate {; l,an of S3oO. eco for the land fnnd, on the Sth of October he has no present means and is unable to say when there will be in the trr;si,rv of the State to pay the time drafts ct the land commissioners pay a''e m october He can resort only to the l;iks h'@ At'ttc leans, and t. what extent these. hard pressed country banls will be able to respond to the cails remains to be ascertnc,l It is evident the. auditor does hot expect very prompt ai'l rem them
 In Providence. according to tie Providence Tribune of October sti, suspension Of payment by the balks, has wrought no cure. 'i1:c wo,kslo,, is closcd its inmates greatly reduced ill numbers pressure, and without lic hope of relief cxcent at tine hands of those wlio have the control of the inarc>s of the country. H"arkncss and Stead an old manufacturing house in Eh,lc Isanl has been cump"llc tn assign.
 In Philadelphia, bank suspension has ae:'re!c! lit tie relief to mert hants or manufacturers He Ete- "iog E"H,jw states that the merchants Of tle am ll'St lPiDS are seen eagerly cti$r the lSul I. and purchasing exemption if, in the dreaded pro- test, by cnorluolis sacrifices.
 There twenty five millions of bank bills se- cured by t'le faith of the great state of New York; l which are now driven out of circulation and into bank vaults by the insane panic. Restore common sense and common courage, and in. tanty tl.i twrn ty-tive millions becomes available for ,rvulatior Western produce and common sense is all that is wanted But tle Ncts York city banks are not on good terms with one another En;h is suspicious of its nciShbor, and ca.tul that if it expands in the lels its neighbor will seize old of that handle to bring it to the ground.
 T!,r Post gives names and residences of employ e's in New York, who have discharged within the past fortnight 1903 girls, previously employed in making np ladies cloakS. What is to become of this army of young women, destitute and rinchcCi by frost and fan inc during the approaching winter,
 By the laws of New York, whenever default shall be made in the payment of any debt or liability the stockholders of the dc,ulting hank nlivid- u!lly responsible, equally and notably, to the ex- tent of their resp ctve shares of stock, by the act of April, 1oi9
 Among the suspensions arc Mrssrs J. w. Corlies X Co.,, Aucti'nccls; M"ssrs. Corning & Co.,, Bank CTS; Messrs. Seymour & Co.,, Paper Dealers II. ssrs Fenton, Lee Co.,. Dry Goods Mir. Henry X. Colt Agent of MrSsrs. Drake < Co.,. of Havana Mr J. N. Genin. and many others. Ic failures of Mcssrs. Seymour & Co.,, and Cnrlics X Co.,. will react dsas- trou>ly in other quarters. All these parties have large assets and unless all values are destroyed ,ir,bl !, ;,,n Co. have been embarrassed by the Brooklyn City stocks, of which they held hili milli, n. and by their inability to sell exchange on I"ndon, where they have Sl50,GG0 o their credit. It is not sup posed that their suspension will cA,rrass the South crn Bank of New Orleans, In which they are large stockholders. large number of hc,ses have ob- tuincA cHtens chs but the ;bovc ali tie promi- nent failures.
 { By telegraph from New York last night we get the weekly bank statement. Ii shows an increase of specie of $75.SSl dccrcGse iii loans of S40l7- S30; in circulation of S592 50 and ia deposits oi 4,676, ,976. The total specie is Sll. 900 This shows that the contraction has been g.iliS on al!
 along, in spite of the pleasant promises Of the banks to expand.
 Some of the largest dry goods dealers arc resort ing to unprecedented methods to raise money. s. B. ChittInden & Co., advertise stock valued at
 $4Gt,eN0 at auction, and agree to take their own paper maturing to December l, cash. A. T. stewart & Co. advertise one million toll's worth tuf dry goods at retail and will throw CD thcir wholesale rouns to add to the display. These are samples merely of what numerous merchants are doing.
 The directors of the Michigan Central Railroad publish a card, asking an extension on it's paper maturing between the present dats and such time as funds be realized from the proposed loan ajrer iSed for November 10th The coupons of the coln- pany will be pad and 20 enanse will be necessary i'll the management of the road.
 The feeling that exists among eur bank officers iS ! Ftl