The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-22

nnaocers q particularly i'm portans We DO moi expect
much cv6ty, Or even oonmsn ponteusa, from bank ON
ctsls when behind their own oounsers; bat sds the
suboetnaies, q least should be made recognise tho
AMENITIES OF society and The rules or genuenAnIy
dact
Ths Floating Dry DICK Company has declared . divt
dend Of four psY oeni, payable November l. tho Nor
chsnh' Insurance Company Of Boston has declared q
semi annual dividend or eight per cent.
In addition 70 the notes mentioned yesterday, the notes
o. the Qonnebsug and Unoas banks Of Connecticut and
the Bank q Roy su, vermcus moi received 10 depo
t by The Metropolitan Bank undsr The quarter Per cent
discount asrapge1ent
The Hartford C0ra says that No only banks In New
England that have ma Suspended specie pay msnts are
the New London, the Connecticut River, q Hartford tue
Martins Vineyard and Pauac, OF Nantucket The Iron
Bank Of salisbury, u last advoes oonih ued 10 pay.
Tns III saess OF the Rutland second morgsye bonis
have sned their third annual report for twelve months
10 August 81, 1851
The earnings from eli sources savs been ssss e74 %
Running expenses and aisbursemeats soeeo4 IL
Leaving ne. earning, FOR tvslvs NORTH, yao 70
-aboai per oest on the amount Of the nrst mortgage
Toe earnings Tor this Twelve noushs compared With the
previous year, show falling o. Of soA s3 but during
he period the running expenses and dsburssmsns
have been decreased ~, lsS II.
The nov direStors Of the Michigan Southern RNlrsad
Company have pat forth nov nnaacia, programme The
whole plan can DO summed up In . few words II 70 pro
posed 70 make second mortgage Of 5000 ot0, 70 be
presented BY seven per cent bonds. These bonds are
offered The holders Of hs old and preferred d ck upoa
The wing tor ns0ne third 70 holders Of The ,ommoa
stock for 20 per cont In oash and 90 per cent In common
stock par third 70 holders OF the preferred stoo
70 per oers In cash and so per cent In preferred ,ok
This the plan, and . few weeks win ist ~ know how
N mo0 thx hAya VA
financial arrangement Was made, whereby the seckhoid
ers wers sure DO relieved from al dniouues and
barrasments. All these plans perfected entirely
fer the relief OF ssookhuder, and they
neved from trouble Than thsy dad henss In The
MIDST Of another.
me following announcement up 2sau the oolu o.
. eotsmporAry;-
ogr7cs crxBn1Aso uoAI AND Iaou Ccnp,sr,l
NO AZ Pine d ct, Y, OF 10. 1857. !
This Company nsounoe 70 tue puoic toat they haze
completed tbelr organisation under the "eepe-s Mining
ana On the FORKS Of Sandy. jaa westward Of
berlspd range rcm ~bch they take their nsue) which
DO. 70 ccnfoupd his Company -ta any oius, ssccsion
chartered by other ssstes Of the same or SIMILAR mana
This ocmpasy y entirely free rom debt and Win oou'
mcnce active oporAkoos the times will permit
ne stock OF tas company hm been offered for sale In
exchange for dry goods and al sorts d truck, and has
also been orsed for CASA hypeshsoaaon. We do not
know WI are ths stsusions Of Ae propnsso, bat The
name oorsspoadns sxsouy 9Th hal Of old cad vel
Known company here dinoulns likely 70 grow out q
n would therefore bs well enough for The Pablo 70 bs
on their guard and sxamns closely every oer1oas offered
Of the Gu nbsrsad Goal asd hoa Company. nn has nos
he nams or ksAaey, Prcsdsst would b safe 70 let
u alone with l,als care no mistake need be made.
The Steamship Europa, a HALIFAX fro Liverpool, brings
three days later from Ill parts q Europe rhs
counts are highly Undressing and inporAai decline In
mossy market mo Bank OF Ksg and has advanced me
rate Of interest, and II By no means Improbable hu
further advance will be reported. rhs Bank OF
France upon The point OF doing ths sans Thing. me
Bank Of Holland had put up he rass OF Interest ~ per
oept ne Bank Of Prussia had raised The rata per
osnl In Vienna the financial pressure iausd In full
force Amerosn stocks we're very dun rhs London
,ocrrAb entertain The idea that our diculucs amount 70
no hing than temporary panic, AMI that 10 win
soon Be over. They have eos over hal dslusim
before This. ne nnandal revuaoo u Great Britain,
destined follow ours, viii not be % much NE result Of
direct ssss old foreign trade, of ,hs nsossiy or
exporting gold 70 pay for cotton rhs szporssaos Or
rold from London 10 ne United saies movement nus
anticipated and his In win NE drain upon NE
Bank Of Eaglasd from other quarters, mua orsass panic
In The Loudos market equal 70 anything have had hers
me sss&ms hip Europa HAfAx broushs sslS 900 In goi
and the Persia, due n this po early merit week. vn
reported bring nearly 1900 900 In gold We look for
lsxee reev Of gold BY every European steamer for
months and suspsaros Of specie payments By ths Bsak
Of England By 10 amosx he In probsblrss Ins
nverpce ooAon marked aCsvs, without any aSsua,
change In proes Breadstsns vsrs Isssuvs and lower
prices ruled
some az our feeble and decayins soseuporSis have
scsn sduixns sssiy oopous extracts from The Loados
rma and csher English journals osademaasory Of sAs
ccue Of those Who nhe ourselves, have for he lA fss
years warned sse public Of TIE rosenness Of hese d,
,,ous fabrics which tmblns 70 ruins eveYf
sIde and OF The inevitable coming o. Inst DARK hour wAe
has fallen on us We canucs ar rd time 70 attend hote
faint tssuns OF ue people, and tAke no pleasure
harpooaipg plnsovs. Those vho dld sS heed ~ ere
ruined But vthcu, ipqurirg 100 closely hos FAR those
moeey nsersh said 70 influence he Londor n~a have
suffered from disregard OF repea.sd ~arnicgs, may
BE- sen 10 sompars NE conduct cf oomr vary under
milax crcums Ancss, with nat W have purmsL
me railroad mania csmmsnced In England Ia
is4,, Obtained Is full development 10 1885, and Hs
crisis In 1875 rwo thirds Of the railroads she *
n,, quoted daily 10 The Londoa inns were o,nfsssodiy
schemes paper based Ne cert aoae OF m engineer
that two lovns existed, one each end and thai thers
were no praocal obstacles 70 the construction Of rail-
rad between them. Beyond that no inquiry made
y,t millions Of money poured ia and shares were
rrccduy boostt up. res Josdon nra vas tscn sIleni
No Journal Then wspsd me people bai Then hoose 70 ruin
The sreNs railroad Operator q ne ue Mr. George aud
~pu mas Of bind, scses caring ,ni sin,d faith
Ia or man 6h mostly aro.e ror when Otup,srs ssi
,con fetch Q great arice rhSs m vas deiood BY the
r-,s cbsrsnsd, woshoped and bo-sd ipto In the
House OF Oommoss by an sdurius community. The
words Of This csss Of finance collected dsops a.
gold and bic oppons coussd precious shass Amer
Time came NE ~orp, and suddenly came, auc sncrn
,rs turn also In The res, ~hih axlous 10 preserve
-. character for presoe.ss, pourea, -ihSa ~vr-
,ur ono terrible sveens broads,de ,nso the ~,oe rsU
rcsd scheme porting hos ,ha Eros. rruok Fses IKE
London sna Rru lxham, sevsr paid more hsn ten per
can't ys, tue conismptble se- tires IN ccs,smpAcn
sold 81 70 per cert p'emiun- TIE Uvcis rscrr-a 70