New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-09

the Governor their quarterly reports and dis
counting quite literally. They also receiving 81
their counters the notes OF the Merchants ttndePen
| dent Bank Of LynchbuIg.
The Albany Argus of this morning, in abiding to
| the agreement of the Milwaukee banks TO receive
the notes of all the Wscor sin banks deposit, cites
the action Of the Legislature of New-York, at the
time Of the suspension in 1887 making such course
obligatory with our banks and says:
ave fear that when it is too late the banks OF tnls
State will see the absolute necessity OF some slm
arrangement in the present crisis ana theI nisahe IN
not accepting il in 10 prevent greater es'as
trophe There may be, indeed there doubtless are
difficulties in the way Of carrying out system OF mu-
tualy receiving and ont the currency OF an .e
banks but we incline to think mat an 1onesI . i'm
that direction BY the banks Of and ths cry
would surmount them and that the adoption Oh such
plan would ell danger Of the suspension OF
specie payments.
=" II would carry the country banks-solvent, but,
under the i1abilty of their debtors TO pay pressed
with their redemptions-over the present Crisis, ana
enable the whole banking system OF the state grad
ualy TO contract and adapt .ef to the changing clr
cumstances Of the country. IL some system OF TINS
kind be not adopted il is not easy TO see where the
present tendency of things to stop short Of the gen
eIal suspension Of specie payments.
ave do rot doubt that the banks OF this State are,
with hardly an exception, solvent. Certainly the bill
holders, protected they by the securities in the
Banking Department are safe 1t is only the stock
holders and the debtors of the banks who in dan
collection of their debts when genter process would
be better not only for them but for their creditors.
Forbearance is the only preventive Of serious agra
walton of the present difficulties, and is high time
for the CITY banks to look at this subject and to
cise wise forecast in the adoption in of pre-
| veItive measures.
At Philadelphia, The North American says
"The noney market is without any new feature to-
day, and prime pepper goes slow, the best names only
passing at Il a. per cent per month.
There is a steady demand for specie and the bro
kers Qs.tatoIs for gold are from y to per cent pre-
| cent advance current bank funds"
From The ST. Loui. Republican.
The difficulties about bank issues are now worse
| than ever There seems to be an indiscrminatng
warfare sgaint bank notes. no matter whence issued.
Bills Of banks which have not suspended and which
probably will not suspend, refused equally with
the bills of banks VIGOROUSLY broken. The conse-
uuenoea are that find themselves called on to psy
in gold and silver at time when il is almost mpOssi.
bic to get it. We beginning to see the result in
the curtament Of business and the discharge OF work
men. The evil will 60 on in that direchon-unless We
replenish currency-unti we shall see IN ST. Louis
scene never before witnessed here; of unemployed
men and starving families begging bread. We want
some movement which shall either restore the bills OF
good banks to their former favor as currency, or
which shall bring the gold here by bringing here the
yet slow and difficult and It may be that some ex'
trsoroinary must be used, if we expect any re-
ceps of produce worth naming for the balance Of the
season, and would not trade as stagnant for
months to it has been for the few weeks that
are past.
For the first time in many years the sound OF the
hammer and the Is not heard IN our ship yards
Not new vessel has been placed on the stocks this
FALL an6 scarcely man can be seen IN various yards
executing the few employed In finishing the ferry boat
for the Lake Huron Railway Company The usual
force employed in yards is about fifteen hundred men,
net one Of whom can be employed there the coming
Winter In many other of the manufacturing branches
nf Luo nj ands His-
charged, with prospect Of employment before
Spring. There at this moment more mechanics
out of employment in Buffalo than at any time hereto
From The Missouri Democrat.
To-day hes been "blue Monday the weather
dark and rainy and the financial sky all portentous
and gloomy
About clock, the eminent banking house of Jas.
II. Lucas & Co., its owners representing property to
the amount of three four millions of dollars, closed
its doors. The immediate cause was steady and dis
astrous run of this morning, during which about
$l60 Geo was checked out. The house has been weak
ened iday after day, for week or two past, by the
feas OF its deposors and Saturday evening" after
the suspeIs sion Of f. w. Clark & Bros. it anticl-
pated BY many that its doors would not open this
morning. Up TO IL and ~ o'clock the chief partner
of the house still sanguine Of being able to
tain all demands. The suspension closes the doors
upon large amount Of deposits, which circumstance
will contribute still greater of alarm and embarrass
ment to the already panicstruck money circles The
fOlvency of the house. of course, cannot he doubted
for a moment, and all creditors, confident en-.
terrain no fears about the ultimate realization of their
lpnds.
rn upon others of the Main Get houses and the
several Savings institutions of the city Is anticipated
tomorrow morning. If the run should be heavy, the
results would be disastrous; but pleased to
know that the majority Of depositors in several of
remaining institutions Of kind less excitabe, and
will not in any foolish alarm, be guilty of movement
which when naugurated, is sure TO defeat the
very objects desired TO be accomplished. Let your
money alone in the bank and tell your neghbor to do
the same.
Lucas Il Co. wss Immediately folio we'd by slight
run upon several other houses, and there was quite
crowd at the State Bank, who were anxiousy con-
verting its paper into gold.
According TO announcement meeting was held this
morning at the Exchange TO take measures for the adj
usment of the currency difficulties The attendance
was very large and deep feeling was evident. The
proceedings Of the meeting will be found In another
column
The following bank have suspended In Nebraska:
Nemaha Valley Bank, Of B.ownville; Fonten si
Bank, of Bellevue; Western Exchange Fire and Ms
rine Insurance Co Omaha City. They have merely
suspended ard we would not advise blLhoders to
fret themselves, discount notes on these banks at
ruirous rates, as they may come up sgsih.
Tie Independent contains the following reported
failures, assignments &c for the week:
Nv cak Co. Bankers" so:tgp .a,pss1pd s,.e,nbi,
Dry Goods C nms.on Merchants" suspended.
s. buckingham jr, Co Dry Goods Commission Bo''
| ton, suspended ,.
Richard.on Kendall Co, Dry Goods" Boston, suspended
button Baldwin Mscomber, Dry Goods Commission
Boston, suspended - q, NJ ,
Moe. Pond 4 Co, Stoves" Boston, suspended
psrsons Cutler Co Dry Goods" Boston, suspended LA
bIities about $4,000
Rsu;.mn Howard Commission" Boston, Suspended; La
l;s! not ase and means supposed be ample pay full
stephsn Bartlett, Sugars" Boston, suspended
P.,rr c Jones. Paper Boston, suspended
Biste Barnard Co, Agricultural Implements" Boston,
| failed. $50, ,,