The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-28

rsghScrire banker looks wsrully acr,ss tho sres',
and hopes the bank siH o0t all right and max
hat de VIII Journalist Who evidently don't care nr
nnpe! he hbs none, expects 20 have mono unle
be merry herees or biz old uncle die ead leave nin
fortune.
The linking sslo were bsr.lls pa.rou.ed ,e,ser
day and creditors grew very tcrstg tnd swallow sd coa
psis nd jueps In nd succession The orc "a shftso
about, and looked al the bark at rOodrY angles eeo
seemed ANXIOUS 70 usgre.ize their balances o0' Oh 1e
nc other bankers were cool and que. al tsy and no
ore touhed them. The human waves esned ana nowea
to and ON The bark but DID move sua 90 the boar OF
nof wsxed the crowd grew tii DER al hinner
and only grouIe let and they stant there while &c
vste; bu. the great went home 10 dream of what
hey should do and shat mght happen On the ys rous
W morrow.
To THE rusLIc-CIrIzENs' BANK.
rumOr 10 sfoa, that have 20 hundred thousand
doare 10 the rrust Com any Bank THIS an error We
have less than hundred thossaDt whon though not
available, We deem perfectly ssfe Were We, hows.er,
lore sous times that amount wonld cse one ume
~ Ne The bulk OF assets consist: OF good oils 70
eevabc, .hich are falling tue daily We haze ike ,ise
two hundred Thousand dollars worth OF uEinonoered
estate this city; &c amount OF CASH in The
Of cur bank, re-. Beebe Il 20 New York city VS.
shan experience no die.y In %estpS our ers.ys%sss
N, B-Apother runor which have jass heard Is. tast
have lest $4,000 by whhksy This Is altogether ac
founded. W. SMEAO.
From the Cincinnati rip,es, August 2Sl
SUSPENSION OF Tug OHIO LlFB AND TRUST CON-
PAEY--BAEK PANIC.
large police furce was sts,onoo "a Third street this
-
quiet, notwithstanding ttere waA much exieman and .
orosd about The bank, Apd in the are between
Main and Walnut
About sn clock the Tru.t Company plao,d the fol,v
log upon tbeif dto
C,SctxsArt August %, 1857
II order TO qs'e u'founded umo.s the s,iy Of the
& Of 10 rs Tor the Se,a aas he
public
The Department. Of he Ohio Lite and yrua
Company liable all tie Obligations OF he COMPANY
wel those In The Banking Department those In the
The capital Of mpsny all paid ia is million Of dol
j o. WRIGHT.
There is Title rearoa "a suppose the creditors OF the
rru,t Company will ultimately be los any sn
any st 9Th OF time be otber se thka disastrous
he banks cred. mas heretofore stood very nsa aud les
srerension usi ipjure that credit In fcturs
II l. said by maay ths, The bank viii resucae In feE
dave, IN week or two at most; bus this deoenjs 10
rucb upon the condition OF tho New York agency, that
art something known of hat II 1, cscsss c hazard
opinion.
The character and standing the officers and director.
here rs suoien, 10 the creditors tha, their inisres
sill be properly regarded and every efror made TO do
hem foil and i'm ariis justce a, tue earliest opportunity
Tue principal directors Rre-ChAres S.eIson, Samuel
Foedck, TAI or, Clemen, Dietrich, George Luckey,
George Crawford, amuel 3 Keys Charles @. Enysri,
ieorse F. ssesdmsn. 4 @. Parkhvrs Johu q wrga, aad
smuel Brtsdwel OF this city; George Coe and Cnss
J. sIeaoman. New York, and Smuel E Foose, New
gaven.
her banks and banking houses ths morning. bu. Dsniag
Ike "ruh" occurred. The paymeou ACROSS the
conptsrS wsre besv ef man, II as heaTY, a. niual
smead Co lard Hughes OF the Citsers Bank, IS by
ae contract they allowed t. do require the thirty
lay notice from those deostors who hsve funds there
iuerest Those who slo we'd interest they
saving 1T eight, and vi continue 70 do NJ 3nead
ssys firm has 'e,s than 800 900 IN The Tfat
And feels o alarm rhstever respecting It,
In reference 10 the Trust Com any, nothing positive
SAITH factory can be given We have before said pnt
tue nature ana oil the difficulty In New ork IL MI.
known.
AFFAIRS IN THIRD srRBEr-sPEECa OF MR.. sxBAp.
Prom the UpcinnsS Inquirer, August e.
ard n,eer,.i ,on,o NJ conyerssIion ves e,dsv snv
other subject matter was Introduced, -as by nmon
consent voted .xraneoas and out OF order Monday
ME there general utter and stir Of ANXIETY along
Third street. groups OF persons about tbs taxi
with intense earnestness. and with step bur
- ,ps to AMI fro, hoping 20 obtain Information all giving
token thsi some;hing unusual shos: r1ere Q
msens Of the Directors OF tee 8snk 10 tie rr, ct Com
pany bull ling and the psn, mms of their discussions
enjoyed ny snropg the side yak opp ,ai,s
R1mo~s abundant, and tne pubic Continent var-
Able but drre into condition of 40 aehen ion thai thas
hours yes erday Third full Of men kndAns ~in
feeling strong force Of police Aboat ihs Of
fss ana ino ano Joe Sa% %r Sse rss Hsa many
trrbsnce. wesey smead Esq., made long speech 70 tho
crowd ron the s4ps of the bank building, saying many
things strongly and pertineny and evidently producing
good eecs audience. BE told them plainly thai
I'm possible for banker IN psy interest depoiiu
and Keep money 10 play ~ih ready 3, the call u
price psy out Bakers must employ money to make
sey ana could not have their whole capital IA their
vaults The thing vas aesufd Be bad ,hs INST com
ct the moment TO nee, wtE cash al demands upon Il,
wosld ulnAely he good Tor every dollar Of ~ deposit
ere Tho bsnk Good lo-e 40 millions OF dollars, and
VI. he able @ ray ia depositor. every u held
curly extsrt OF land. vetisb ofc.racrie lsnd
ror,h han the Anoust OF deposits 40 behaved
te osns bad neeu managed BY uen or tonor -iin
city ard pruoepce and could not entertain "a sp2rehen
Sioa that gthirf Ike the OF sso raj haas Ia bad
deb's had heen made &c considered the money, about
sloO Ooo which he had In the Trust Company B,ns -
safe 80 any of oered .sisss. Mr. 5ncAd
!. on ~ OXu baYk nj wed
sero-is aud gave interest on tnen, payable a. thirty
ssys no,i,e Toe money on Which ne did not pay into
rect ha really T. hand 10 depOitors demaut
and that clans OF cepostors be payiag II those
whom he paying irtsres their depoi, per agree
eu,. ~tbteo her money amer the thirty dsys ie time
hioh they had e. to give bn, hey shoui have
IL 10 cut largely Into the philosophy and tactics OF
bsptg, ard relate item. of MIA exporsn'e much 10 the
sd.n0s, 81 his audience He and his partners Souit
rather die q, starvation han live OF ise proas o. such
transactions buying and sslhog checks IhemIeiss
a discount b. detailed the fats o. his Reimbursement
o widows their occasanod BY rpen Ion OF
his hrLs during his absenee IN Tie u4uo ~ 1854 The
o. BANKERS anc moonanta ne rcmSrSei -n 40 40
dssntisr NJ pOpiarly presumed. The Worcta1 s0d hs
g 'ods, the banker his money II the morcasot sold
soods 10 those who dh pay him, he avs. iel u
he bar ker sold his oney apd lost Il, hes fail The
commodity IN xnich one dealt vy goods Of ,ome kind
oiber alt In cash. Money not l0sBed ~ meu
personsl favor He Foud loan money N his vprrt
sopsl enemy he could make mOney ouI o. nim-an
SvDsN which pooiu'ed q hearty laugh. Mr. Snett gave
decided asursnces Of bis ample 60 nostenny 70
uset al aemAnds him, according % tao system "
thirty ys uouce -nicl he had anisUied. ne speech
of gentleman distinguished hnancsr wetley
sms.f, from the siets OF iih bank tf the Wet,
day OF uiHusu ~ bcf3ro mci. zoe OF
faced With supyrs excenenthe Pals fea.sre- OF
speaker aud his scuiey emphatic toues 1ad the thorough
ytt which t1si Which he saii rogardefS
event an . worthy OF record 40 portrayal
In the Afternoon there 20, al much sxsresslon OF
about ihn streets visible N tn~ morning aud
there seemed N be renewal o. con idence 10 hmtsi
extent. but general depression Of sgrit- followed the
receipt VI dsFVscheg from Nee York Ererybydy "a In.
sfesicd directly or " directly, and there trefs nho
sll be rich per the rrass Company SANDS or falls
TEE OHIO LfFz ASSURANCES AND TRUST COMPANY
susPEEiICr.
fTron The upcinpsi nmmsrolsl, irgess Is
ne teesrspb yesterday .nernoou, hroug1, a report
su,repsi Of the Se~ YORK baarh ~ the Onto Ilfe
Insurance spd Trust company me sprcsi "a ,dlg
through the city causing COOS deal o. .smeai waits