Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-10-03
l. A L + $ = n 4 w S
Financial Intelligence.

Two million dollars worth Of United
States stocks came in this morning for
redemption.
New York, Oct. 1.-The Farmers and
Artisans Bank OF Long Island, at vii.
liamsburg, suspended to-day.
The Illinois Z. K. Il. pays it's coapons
to-day. The Milwaukee and Mississippi
X. K. paw theirs on the first mortgage
bonds; but defaults on it's income.
The beet Of paper was done in the
streets for TWO per cent. month. Lit
tie business was done at the Board OF
Brokers to-day No qunlity OF stocks
could command asking prices. The
bank shares were low wn and no sales
were made. a general meeting of NOR
chants Vas called FIR tomorrow at II
O'CLOCK, to consider and, If poaibe, de-.
eide opon the hsst course Tor the banks
and business men in the present financial
emergency.
Charleston. Oct. 1.-Reported forper-
les on John Frazer & Co ore unfoupded.
The Presidents of our banks held a
meeting this morning, and resolved not
to suspend.
Toronto, Oct. l.-R. Ii. Brett, private
banker OF this city, suspended this Morn.
ing. The asignses report the creditors
will be paid in full.
Columbus, Ohio, SEPT. 30 The
Board Of Control OF the State Bank Of
Ohi0, at meeting held tere to-day, un.
anlmously adopted the following resolu-
ZION
"Resolved," That tho branches of the
state Bank Of Ohio have the ability aud
Will continue specie payments, regard.
less Of wha. course may be taken By the
banks of other States.
ALBANY. Oct. The Bank Superin.
tendent, Cook. accepts Judge Davis re.
cent decision confirming tho right Of
banking associations to reduce their SO
cnrities deposited In the Bank Depart
mcnt below Sl00,o00 by returning circu.
lasion. As the decision was conquered
IN by Judges Cranch and Wright, i. was
equal to On appeal to the full bench.
Detroit, Oct /.
The uspension of The rauiu-ular Bank
causes lnieH7e excitement The run on
other banks this morning +, severe. princi.
rallv by small bill holders. They redeem
promptly, and to ali appearances are very
strong.
St Louis, Oct |.
Bal, ef Btlleyillc M fliled.
Banking house oi Moor-. Iloliebush 4 Go
Quincy, H., suspended on Monday. There
was a run on tlagr q Savage, same place,
but they sustained themselves.
Pittsburg, Oct. /.
The old Bank of Pttsburs continues to
pay all liabilities.
Boston, oct /.
The failure ssof Lawrence, stone a, Co,
dealers III dry goods, here, is announced to
day.
Boston, Oct |.
The suspension of Lawrence Stone Il Co
caused considerable excitement on the s,s
to day. Mr.. Samuel I.awreuce. ST. partner
is in Europe and Mr. Siade. financial mana
ger, Is seriously ILL., The firm are agents
for the Bay state. Pemberton. y. England,
Worcester end Miiilcsex Mills Ira Lo.
well, also, connected with the Pemperton
mills. Is reported tailed. The other failures
announced are Benz Howard, commission
merchant. Ce:.tral Wharf Richardson
Kendall Il Co. Dry goods merchants. Milk
St, aud I. {. Jones, paper dealers. Water 81.
The banks did some discountiug to-day. bu,
not enough to ease the market.
Dayton, Oct. l.
1t is reported that Cincinnati banker
Went into the Branch Bank Piqua TO da,
with carpet bag OF bank notes TO demand
specie moo Of citizens not connected
with the halk, follow ed him and requested
him to leave town immediately or take
lynehing The broker accordingly lef,
without accomplishing his object. His name
was not ascertained
Louisville, Oct. !.
Ilutchins d Co., John Smidt d Co hank. |
er7, suspended. Quite a heavy run on A b
Hunt q Co., who thus far sustained them.
selves, and it is expected will meet all their
liabilities.
Louisville, Oct. l.
y dispatch to the Bulletin saws Exchanpe
Lawrenceburg and Trenton
banks, Tenn, suspended
Philadelphia, Oct. |.
Messrs. White Stevens d Co.. and Law. |
renee, Stone d Co. who have n Branch |
have in Boston suspended today. The
Reading Railroad Co. paid the company's
dues today