The weekly Portage sentinel. [volume] (Ravenna, Ohio) 1854-1861, 1857-10-15
FinnnciaI Matters In New York.

New YuKK, Oc. l3.-The following
banks Of this city, suspended this morning;
The Marine, Pacific, Irving, Merchants Ex'
change, North River, New York Exchange,
Citizens and Ocean banks, in all, number
ing eight banks.
The Chatham, Bulls Head, Market and
st. Nicholas Banks have also suspended.
(sEooSp. DISPATCH.
New YORK, Oct. I3.-1'he bank suspen-
sions have attracted q dense crowd into
Wall street this afternoon, while other
business streets were comparatively desert.
ed. In addition to those announced up 10
two O'Clock, the Tradesmen's Bank, Arti-
sans Bank, Butchers and Drover's Bank,
and the Bank of New York have since sus.
pended. 1t is feared that a general suspen.
sion is now ineytable, though several of the
old banks announce their ability and deter
minulion to continue specie payments. 1t
is reported that the Marine Bank is stopped
by an injunction obtained by one Of its GUS
toners, and il is presumed that the same
course has been pursued with regard to 9th.
er banks. BY this means the penalty Of
winding up which attaches to the act Of
suspension is evaded, and,it is generally
thought that the suspension will, in most ca.
ses, be only temporary. This understand
ing tendj to relieve some OF the excitement
GsscoED DrsPATcH.1
To-day has been the most exciting one in
financial matters. Up to o'clock fifteen
Of the city banks suspended specie pay
ments, OF whicq. the following is revised
list, VIZ: The Bank of New York, Arti.
zan's, St. Nicholas, Chatham, Ocean, Mar.
ket, Butchers & Drover's, Merchants Elk.
change, Irving, Citizens, Tradesmen's,
Bulls Head, New York Exchange, North
River and Marine.
Wall street at 2 o'clock was crowded
with an anxious mass OF people The steps
OF all the banks were blocked up by people
forging their way into the banks. -...,
At the American Exchange Bank Davit
Leavitt addressed the crowd, assuring then
that the burks would pay all to the last Dol
lar. He also announced ithat ap arrange
ment had been made with several of thu
strongest banks to 60 through without sus,
pension. 1t is believed, however, that tn,
suspension will be general.
1t is understood that some of our heovies
houses have withdrawn their gold from tn
banks and replaced it as special deposit.
There were rumors during the day effectin
nearly all the banks in the CITY,, The aboy
list gives, all that certainly suspended Up t
three clock.
The run on the BrockIin Savings Ban
was renewed to-day, but with less vigor, tn
bank, paying promptly.
Several iaifures among the dry goods firm
are announced, but none of them are yer
prominent.
THE LATEST ..
The run upon the Mechanics, Merchant
Bank Of America, Manhattan, and Anne ic
banks wae severe, and cont.nu up tp Il
close of business. The Broadway Ban
held out till nearly three O'Clock, paying o.
$4,000 in specie, when..i: gave out. III
Leather MahuIactarer's Bank sub *eduent
closed its doors. The Styenlh Ward NJ
Fulton Banks held out under "a trcmendo,
pressure. The =, opte's Bank closed at tW
O'Clock. after paying, Oh, $40 GOO in spec
during the. day The Bank of New YoI
paid cut its last dol!ar, aad certified all checl
presented, .ud then yielded. The America
Exchange Bark plid al demands. but seve
al Others shpt cat their customers at thr,
d O'clock. 1, ,.e ) nix of North An erica W
c protested lis utt.rnnon. The Corn E
G chqrfe Eaak rc}aed t1 y specie.
II a, tn Sto k, Exchange, stacks all took
& rise Under tL2 belief that tie banks will
!, | 6p,:d n t,ti ryn;y