The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-03

The Affairs OF the House of George Peabody
and Company, &c.
The money pressure continued without sign Of dminu.
sscn although somewhat better feeling had sprung up.
Mcssrs. George Peabody Co., Of the most enincn
American houses in London, became temporarily
embarrassed, but received such prompt aid from
IN, bank-undersood the amount OF nearly million
serilng-that all difficulties removed. Their ability
70 ro on with the assistance extended them unques.
TONED.
Tho London Times Of the 10th uh. remarks that 1t
understood that the application which has been made with
in the last few days by leading American house,
10 the Of England for large advance securities
furnished from the private OF the firm, has
boon satisfactorily met and that all the accommoda
aca required will be fully grated According to rumor,
se requirements of the firm question Zone Of the most
eminent in the American trsde) nearly million
sserng according the Daily N,os the assistance
received from the bank aor long dohbcraton Of the
directors will Is expected enable The lrm promptly TO
comply with the conditions upon which the advances
made.
Tnr London Tsmes Of tho 10th says, have 10 confirm
the statement made yesterday that the advance required
upon ample securities by important American house
would be fully granted.
The Daily Neps City Article, Of Friday evening, says
Tho funds, after obtaining rise of per cent higher,
CLOSED a per cent higher than yesterday Upon the
whole the feeling in the money market was 10 day
ralmer and more satisfactory inc negotiations Tor al
Sordps asstance 10 great and wealthy American house
with liabilities estimated at more than two millions, were
to-day satisfactorily concluded Tho Temporary emoar
Of the hrm in question solely occasoned
by the impospity Of procuring remiltanccs trvm
cf the houses America Provided that no fresh i'm
prrtant cases Of embarrassment there is dispoz
Ssp 10 hope that Affairs will become more cheerful
We have received the following despatch addressed n
an intimate friend here of Messrs Peabody Co. Of Lon.
sons-
We gather i0u than
IN The despatch already transmitted, which embraces
everything contained IN the London Times. ME Of
Peabody not mentioned the spspers but the emi
s~nl nrm referred TO l. that ot George Peabody
%. Is understood tina, the Rank q England has prompt
~ responded 70 their call and Afforded them assistance 10
the extent q one million sterling
The London GIo,e o Friday. says
There much queicr feeling In city circles, and
the absence Of further commercial failures seems V have
believe that the worst is over, and that although an
occasional disaster may occur those mercantile rms whn
found themselves embarrassed will bo enabled through
The assistance Of friends 10 extrcate themselves The
fact that large establishment connected Nth e Uniei
foes has been asssied by "a bank Which has prevented
serious failure, appears To have produced much sasfac
MEETING IN uEuALF or THE ERIE RAILROAD.
There was n meeting Of the bondholders Of the Erie
Railroad on the 18th INST A resolution adopted
p~esng confidence in the intrinsic value OF the line and
for the appointment Of committee TO raise subscriptions
or,her capital TO prevent The foreclosure Of the pro
pcrty.
LIST or SUSPENSIONS, ETC.
Tho list of failures seriously extended Tho fol
lowing new suspensions announced
v scidokng n son, In the Swedish trade lablitio
f5o0 600 sterling.
Allen, smith 4 Co, in the Denmark trade liabilities
100000.
Gorrssen, HuGei Co. general merchants-in conse
quence Of American dlfcuuesnablIties fG0ocoo stcr
ling
sccndsen johnson, merchant liabilities tioooo
Brocklcsby weascs, mpcrtersi liabilities $40,
oo0
Messrs. Scott 4 CO. OF Queenstown, have suspended,
and their liabilities arc estimated at from one 70 two nun
dred Thousand pounds sterling.
On wednesday the 18th the applications at the ean o.
England tor discount rather increased than diminished
The PROBABILITY of further advance IN the bark rate
was discussed but the large god arrivals were regarded
AZ likely 70 render such step unnecessary
1hehnds were firm throughout tac day.
On Thursday thc l9th, The Zines says there de.
cided amendment IN all mercantile quart, rs. Not =
single failure was reported aud some special q
anxiety we're showed.