The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-14

THE PANIC IN NEW YORK.
DsPKNsI0N OF EIGHTRM CITY BANKS.
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Tremendous Excitement in Wall
Street.
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SCENES AND INCIDENTS.
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THE run ON TIE SAYINGS AND DISCOUNT BANKS.
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Important Meeting Of Iank Presidents at the
Clearing House
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Virtual Suspension Of all the Banks
in the Metropolis.
Appointment of a Committee to Consul..
with the Governor at Albany.
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Position of the Thirty three Solvent
Banks.
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New York Merchants Getting Relief
In Rhode Island.
Interesting from the Pennsylvania LIE.
EsIa.ure.
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ygg SUSPENSION OF TBE BisKs LEeALlzsD.
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TaE FINANCES Of THE NATIONAL GOVERNMENT,
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MEETING OF THE BOSTON BANK PRESIDENTS.
Condition of Finances IN Virginia and
Tennessee.
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SHIPMENTS OF WESTERN PRODUCE,
&c. DC. &c
THE FINANCES OF TIE FEDERAL GOVERN
EENr.
Annezed g,ver N important sasersr', Showing TIE
present and prospecsve oosdisnn o: We hra1osl Of We
pBisd States governnsri;-
Ayrepraors for The presers tr,al yea, sss 7s s
Amount expended to oe Ia............ IL 2y,ies, ,I45
ADeunt Of funds On nhAnd............-... e,Ios eco
Amount devoted 70 mint cpsrsrona ........ e,ooc 900
uure.a reoeips PER weak 500, COO
Se more gcvWnmeri STOCK viii be redssns cd, exoers
pesAaps some te which may te suyrssdered 10 ncrrcw.
Five housaDd donazs only we're redeemed soGsy 7ns
Bsrssry Of Es rreasrry has been forced sep reSeen
NJ Ne prble dees ~ ne AZ ress,rss nAs ue snorrs
u had, exclusive Of The Nh muoos FOR nns pI pOsss,
sAan mol 10 redaesd below E1 nl.oos. ssreivy Coas
vM true oncia notice 70 mcrov, tksa Esvne redeemed
IN As Uesed sasss sto,E which be h authorised ty A~
10 redeem n advance, no rrrshN rear wiz s< purchased
~ 0s Treasury for the present ne s.rsady
sssnsd Win, q believed. greatly reBeve ne possy
nasks&
THE BANK FAILURES YESTERDAY.
ACY1HKkT IN WALL eTsrEr-eEsDRAL PANIC IN
ZEE Crry--NGE fxgH CrgY BANKS sUsI RNDKD.
ncs she financial crisis has been upon the city has
Sc1 ysssed through severe ezc,seUsAs uLI VII
sssss< yse,dsy.
a early hour IN me day we're RE IL
psversl ,he cy ssnks led rrzpcndea are isisg
n visntes Of direrea. Institutions nenis1nei, Asd %
Acs Of ai The banu 10 the city, sGr-crsaec
saxioas and aSrmed crowds, whose ercixners wss no;
snassd by scosns ne orpcrs he aoor
a Ne closed banks, "fhs eaas has rspsndsd"
wsu uxee. "a parscnls- ers h.tec q scene vhca "a
- presented sEoe Me terrible gmes o, 1857. re
Bsahs were literally oesesed nc< sIon. by ssuse pir-u
svR uiore~scd but by mGisirdes OF dlsrs and
AArnsa- 10 s,ch eIlert I'D a.s reach lsxs ne I'D
Il Ne ppkcc had be called 10 ers
nis olesKs 70 vsnsacs pcs.neas &C iie 0sss. ne
panic auesed ixef 10 'rorssnds o. sirmed iso c'se-
paosiug hrrricdy slcnr rcm sank 10 bsuk eNzng
ues s'upor fror the sppose sidewalks a he crowds
aso sdiAs aescesdisg .he ss Of bankrg nyuses
apor which the erccmerI seemed 70 concanuse.
nay 10 hardly necessary 70 say that much os this alarm
vas needless; but whom eok 81 tnc actual OF
baaks which suspended during he day-vsWpccgve or
sne vague Win reference others fying around
Shssueh abesdy ovor excited comnunAy-h ID no
vSsdey hsa The equaD! nifty Of ne city should have been
ssgSessly dhsurbtd.
rss bsap vhi,A closed yesterday are - follows
i-voYtn River BsLf ...... ltT Greenwich iyeN