The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1857-10-01

TcIeGraphic vows.
PirrsBuRGH, Sept. 29.-Ali the Banks of
this city, with the exception Of the Pittsburgh
Bank have suspended, but will resume when
similar action is adopted by the Eastern
Banks.
BALrIxoRE, Sept. give have no mate
rial change in money matters to-day. The
Banks in some instances redeemed 5's rs a
matter Of accommodation. Specie demands
premium Of to 10 per cent. in exchange
for Baltimore funds.
Providence, Sept. 29.--The Banks Of
Providence have resolved to suspend specie
payment. The liabilities Of the Banks are
not over Is per cent. Of their capital.
PHILADELPHIA, Sept. 29.-The proclama-
sion of the Legislature will be published to-
morrow q. IN. The Board Of trade has de-
termined to call q meeting OF public expires.
sion on various business interests Of the city,
with reference to the proposed legislation on
the suspensions, believing that the business
and the interests OF the community..an state
will be subserved thereby. The Presidents
Of the Banks have agreed to restore the Bank
Of Pennsylvania to position at the clearing
house, and to receive its notes and discount
literally for their customers. Had this been
done sooner there would have been no sus-
pensions.
The city and Southwark Banks are pay
ing specie on their small rates. Notwith-
standing their agreement Of yesterday they
are receiving the notes Of other Banks on
deposit, excepting the Pennsylvania Bank.
In the y. 8. District Court, in the case Of
Quarter Master Reynolds, charged with de-
fsulting to the government in the sum Of
81 &c, 900, the Jury returned verdict to-day
that the government WAS indebted to the de-
PENDANT in over 1900, and judgment was AZ
cordingly entered in his favor.
NEW YoRK, Sept. 29.-The weekly Bank
statements show the following result:
Decrease in loans, $3.50 Decrease in
specie, $229,O00. Decrease in deposits,
$933,000. Decrease in circulation, $685.
900.
The express train on the Erie Railroad,
from New York ut 6 p. m. Monday, ran in
to an engine on the Blossburg and Corning
road, standing on the main track at Corn
ing. The train was badly wrecked but no
| lives lost. Tho main track will be cleared
/ to-night. In the meantime the "Tioga" is
used.
A meeting Of Bank Presidents took place
at 3 O'Clock this p. IN. After consultation,
it was agreed to recommend all the city banks
to extend their discount line three per cent.
during the coming week. This, in the ag-
gregate, will amount TO over three million
dollars. Forty out Of the 6fty-6ve banks
were represented at the meeting.
Sr. LOUIS, Sept. 90. Bogy, Miltenberger
4 Co., Bankers, closed doors this morning
assets ample. Cards signed by large num-
Der of the wealthicst citizens published guar
anteeing the solvcncy Of Lucas & Co., and
Renck & Peterson and assuring depositors
/ The public mind is very unsettled and there
is general run on the Brokers. Banks
stand firm and are discounting literally.
The Santa Fe mail has arrived-news en-
tirely unimportant. Col. johnson, Com
mander of tho Utah expedition, left Leaven.
worth on Thursday last.
The Bankers in this city, upon whom runs
were made this morning, freely and prompt
| ly met all checks and confidence il restored.
Excitement has almost entirely subsidized
| The immediate cause OF the suspension of
Bogy, Miltenberger Co., was the non arrival
| of coin in transit. The probabilities are
! Anderson 4 Co., and Darby l. Barksdale,
largely exceed their liabilities. Presumption
/ is they will resume in very short time.
! NASHVILLE, Sept. 29.--The Bank of Nash
vile suspended this morning. A meeting Of
/ the merchants recommended the Union,
Planters and State Banks to suspend, but
| they refused. Several free banks are thrown
out to day. Confidence is felt that that the
Bank OF Nashville will pay and have fair
surplus.
NORFOLK, Sept. 29.-All the banks here
continue firm.
ELIZABETH CIrY, N. c., Sept. 29.-The
Farmers Bank Of this city has suspended.
Brokers are taking the notes at 5 per cent.
discount.
GgoRGxrows, d. c., Sept. 29.-The Bank
Of Commerce, Georgetown, which continued
to redeem its issues in specie, has come into
an arrangement with the district banks and
suspended specie payment altogether.
The Farmers and Mechanics Bank in
Georgetown has also suspended.
.TsESroN, Sept. Oh. II. Bottom & Co.,
paper dealers, and Bottom, Tiffany L Co.,
machinists, suspended to- day on account OF
protest Of New York paper.
{ The Burlington, Cumberland and Salem
Banks are reported to have suspended.
The East Jersey banks, including the
Trenton, are more Immediately Affected
New York will hold business. Men complain
that il mono Of our banks discount, it will
seriously affect them.
J ALBANY, Sept. 29.-1he run on Savings
banks subsidized this morning as suddenly a,
it commenced yesterday. The gold drawn
out OF the Savings bank yesterday 10 being
returned this a. m.
THE Central Amc N - be Raised
NEw York, Sept. rs.
1t is reported that negotiations are going
on between tho Boston Sub Marine Arm o,
Company and the Underwriters Of til,
Central America, to raise her hull, which
is supposed to be in twenty eight fathoms o.
water.