Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1857-10-16

The street full of rumors with eager crowds at every
corner The country bankers here numerous, some
telegraphng their own banks and others awaiting the
result of events during the day. Of course If suspension
here becomes general is inevitable the suspension will
follow throughout the State If not throughout the
country. 3
The Broadway, the Africans, and the Leather Man
uacturers Banks havealso suspended, and finally the
suspension of the Bank of the State of New York ends
the catalogue for to-day making the total suspension to-
day number eighteen and leaving thirtythree solvent
Institutions The greater portion of these however, WILL
it is expected, go tomorrow.
The Merchants Exchange Bank refuses to pay out
either specie bills only certifying checks. The Bank
of North America was protested this afternoon.
Several of the banks held open till after three O'clock
the usual hour of closing meeting every demand others
shut down promptly at the regular hour leaving large
number of applicants to try again All of the savings
banks paid up promptly
Effect the New York Bank Failures la Boston,
Decline In Bank StOcks-Meeting Of Bank Officers,
Bosros, Oct. l3-There was a general decline in
stocks here to-day and bank stocks from two to
four per cent lower The bank failures in New York
created intense excitement but there was Of
sequence upon the Boston banks Money, however
mains very stringent.
An informal meeting of the presidents of the several
city banks was held today at which feeling of security
was expressed as also an ability to maintain specie pay
ments motion was carried for the appointment of
committee to proceed to New York and consult with
the officers of the banks OF that city upon the expedency
practcability of extending the line of discounts
The Hon. VIM. Appleton was appointed chairman OF
the committee.
extensive domestic goods commission house in the city,
is announced.
The Bank Failures In New York--Meeting OF Bank
Officers.
New YORK, Oct IL, P M-Today has been a very
in oil In n
teen of city banks had suspended of which the fol-
lowing is revised list namely Bank of New York
Artzans, St. Nicholas, Chatham Ocean, Market,
Butchers and Drovers Merchants Exchange, Irving,
Citizens, Tradesmens Bulls Head, New York Ex-
change, North River and Marine Bank.
Wall street. at o'clock was crowded with an anx-
ious of people The steps of all the banks were
also blocked up by the people forcing their way into the
banks.
There rumors during the morning affecting near
ly all the banks in the city, but the above list gives all
that had certainly suspended up to 3 o'clock.
The sales Of railroad stocks at the first board were
small at general decline In State stocks the business
done quite large at decline, excepting Virginia
and Missouri stocks. Bank stocks were also sold at
decline
The run on the Brooklyn Savings Bank was renewed
to-day but with less vgor and the bank paying promptly
There have been several failures in the dry goods line
announced to-day, but none very prominent
Latest-Grcat Ran the Banks and Failure Of some
ofthe Strongest In the City.
The run upon the Mechanics, Bank of America
Manhattan and American Banks was very severe, and
continued up to the close of business
The Broadway Bank held out till nearly 3 o'clock and
paid out $l40,000 in specie, when it gave out.
The Leather Manufacturers Bank subsequently closed
its doors.
The Seven Ward and Fulton Banks held ont under a
tremendous pressure.
The Peoples Bank closed at O'clock after paying
out $4,000 in specie during the day
The Bank of the State of New York paid out its last
dollar and certified all checks presented, and then yield
ed
The American Exchange Bank paid oil demands upor
it. but several others shut out their customers at
o'clock.
The Bank of North America suffered protest this az
The Corn Exchange Bank refused to pay specie OF
bills but certified checks
The Oriental, Mechanics and Traders, Bowery Say
ings, Shoe and Leather, Continental American Ex
change and Metropolitan paid every demand up to the
usual hour of closing
A bank meeting was held this afternoon at which il
is understood the proposition of general suspension
to be discussed also the proprety Of urging the Gov
ernor to convene extra session of the Legislature
At the second board of the stock exchange stocks all
took RISE under the belief that the banks will suspend
! specie payments tomorrow.
Still Later-The Banks Resolved o Suspend.
New YORK, Oct. l3-11 p M-The following off
cal announcement has been made from the bank meet
ing:
The banks have all resolved to suspend specie pay
ments far paying at the counter concerned and
to make regular exchange of each others bills at the
Clearing House. 1t has also been resolved to send
committee to confer with the Governor in reference to
calling meeting of the Legislature The committee
will leave for Albany tomorrow at II o'clock
1t appears that the Marine Bank was stopped by an
Injunction at the instacne of of its customers 1t is
presumed that the other stoppages effected in thu
same way. BY this means the penalty of winding uI
which attaches to suspension under the banking laws
this State evaded and it is rendered probable that thu
suspension in most cases is on y temporary. This
-derstanding relieves the excitement
From NIexico-Monoy Matters at New Orleans.
| NEW ORLEANS, Oct. 12.-Dates from Vera Cruz Il
the 18th inst have been received The Mexican Congress
| had held primary meeting and Manuel Ruise wa
elected President. There was a rumOr that Genera
Svavex had been assasSinated The insurgents at tn
South still held out and robberies were rife Throughout
| the country
The failure of Messrs Coming & Co., of New York
will not affect the Southern Bank There are rumor
this evening some failures but they are not authen
| ticated. Business is unsettled.
! The Election IN Kansas.
! ST. LOUIS, Oct 1O.-The Republican has returns from
| Kansas, which puts down the democratic majority il
Leavenworth at 244 in Atchison g. and Doniphan SO
In johnson county the democrats are reported to have
large and the democrats are understood to hav
been successful likewise in Jefferson.
In Douglas county the republicans are said to have
majority of ,l65, and in Shawnee majority of $50
The Legislature according to the same authority is Ger
tanly democratic while for Congress- Parratt, the re
publican candidate is alleged to have been successful
/ ST. LOUIS, Oct l0.-Leavenworth advices state tina
by the returns of the Kansas election received up to tn
8th only Leavenworth county had so far given demo
fio IfV RafI1rnC rrivo