Evening star. [volume] (Washington, D.C.) 1854-1972, 1857-10-15
The Financial Crisis, &c.

NEW DIRK, Oct. 1i.-At a meeting of The lead
Ing merchants held this afternoon James Rrown
presldlhg, II was resolved that the meeting had
enll1e confidence in the ability of the banks of
New oTk TO meet all their engagements dollar
Io' dollar; that II is the duty of the banks and
merchants to afford every facility for the move
gency of the times demands an Immediate exfr,
session OF the Legislature, and that a committee
ne appointed TO wait upon the Governor and So
lich immediate action to that end. A committee
OF eight was accordingly appointed; which pro-
cesded TO Albany this evening.
nc meeting OF the officers of the several Saw
inSs banks OF New York York and BROOKLYN
which was held this afternoon resolved 10 nav
uePosltors only in the notes Of city banks Sew
erai OF the banks which closed their doors YES
terday resumed business to-day
me supreme Court Judges to-day held meet
ing ana decided TO issue no process against the
form. ~ VIZ "'""'
The action Of the merchants meeting fails 70
give satisfaction. Richard Schell Iso was
present with resolutions censurinp the hanks for
demanding specie Of each other. when they with
heIo II from their customers, but he was induced
to withhold them
A strong movement Is Dro0ressiny ap,o,c, e. q
republican leaders against the proposed extra
session OF the Legislature or any other rero0ni
!,oh OF the suspension, while large majority OF
the democrats and few Americans and rennbIi-
banks ' va 'ii0
r M-The bank suspension has had bene
n enect, and stocks largely advanced The
fe-ling generally is improved and the excitement
suoSloed. The banks paid out five millions of
specie yesterday. They continue business az
" n udl' except paying specie. The Chemical and
n T%Sh Oh hmerica pay everything. specie in
Guided. The other banks are indignant at such
course. Gold commands premium of four TO
nVe per cent, and city bank bills sell at five per
cent discount p
AT meeting Of bank officers this afternoon. II
was resolved TO suspend the specie clause in the
clearing house, Substituting therefor an agree
balances rN' ' 0
The banks which have already gone into The
hands OF receivers will immed lately enter upon
Tue business or winding up. unless they can re-
rIaCe thelr steps and resume their places in the
ranks OF the clearing house
The American Exchange and the Metropolitan
bahKs nave resolved 10 receive State money at
par, but the other banks are vet undecided
Several OF the city savings banks refuse further
payments of coin at present
, The Chemical Bank announced its determine
non 10 continue specie payments This bank
Was Was inc only one that went through the crash of
Every one Of the Williamsburg banks have sus-
pended. . JUL nav BUS
meeting OF the merchants was held this az
terhoo9, and voted that they had full confidence
In the banks, notwithstanding their Unfortunate
suspension. They also resolved TO usc every Ell
ioit 10 restore the prosperity OF the city
BOSTON, Oct l.-All OF the Fall River banks
have suspended. Since the bank meeting this
"a ,i'hS everything Is quiet. stocks are unset
ueu, with symptoms favor ole to Il rise. Tie
Massachusetts Insurance Com Iany has declared
aolVldend OF 10 per cent. The Massac husetts
bahk PAID specie up to the closing to-day. Its
circulation is one hund red and thirtv-sx thousand
dollars, and ITS specie three hundred and seventy
Thousand dollars -
+; The suspension of our banks has caused
Dut lItte exc itement. They have resolved to con-
tinue the exchange house and to resume specie
payment As soon as possible
The banks of New Bedford. Worcester, Fair
Haven. and other principal places have pended
, The Nantuck et and Lowell banks paid specie
throughout to-day, but the suspension will be
general ia New England
ALBANY, October II The hanks here have re-
solved TO receive on deposit and in payment of
debts, the notes of all State banks redeemable in
New York.
NEWARK, n. J., Oct 13.-There was a Ureat
run on the Newark Savings bank here to-day,
but it is thought they will fully sustain them
selves.
BosroN, Oct. H-Every bank here voted TO
suspend specie payment. The Banks throug bout
the State will follow suit.
PETERSBURG, October 1.-THE branch Of the
Farmers Bank Of Virginia at this place has sus-
pended.
The branches of the Virginia and Exchange
banks are still paying specie.
AUGUSTA, Oct 1.-THE Georgia Railroad Bank
has suspended.
Detroit, Oct. H.-The Michigan Insurance
Co. has suspended specie payment,
SECOND DISPATCH
RICHMOND, Oct 1.-THE Farmers and Ex-
change Banks here suspended this morning
The Bank o Virginia still holds out.
AUGUSTA, Oct. 15.-A public meeting Of the
citizens here recommended all the banks to sus
pend.
The Union Bank suspended this morning.
PHILADELPHIA, Oct. 15.-Tke banks here to-
day manifest disposition TO not accept the pro-
visions of the relief bill. and there is an addi-
tiOnal ulaam in business circles.
sos Sata Fe Traders at St. Louis.
Sr Louis oct. 13.--A number Of Santa Fe
merchants have arrived tonight, with upwards
500, 900 in gold, for the purpose Of settling up
their old accounts aud purchasing new goods
Marine Disaster. zTFF "a
NoRFoLk, Oct. H.--Arrived to-day bark I.u-
GENE, from the coast OF AfrSa, bound to New
York, In leaking condition, spars damaged and