Evening star. [volume] (Washington, D.C.) 1854-1972, 1857-10-08
TEEEGRaPHIC NEWS
FROM THE ASSOCIATED PREsH
The Financial Crisis. kc.


:, NEW IoRk, Oct. I'm financial affairs there
: ou. Iule change to-day. several failures are
IBePorted, including Bulkley Il Co importers;
bonae 6rown, silk dealers, NJ a. King, fur
ish good e..as Ayres, lace and general Brit
y Inc Bank OF Addison, in the State of New
mai, s thrown out here to-day. The moaey
f ket generally closes with Ie-s errtement and
WIN more steady feeling 1
~ -. 'ne second board to-day stocks closed weak
f.H.n ,pS ieatS at the sub-tIeasury amounted to
= - ~, dho The receipts to 500 $50 inclnAino
S50DOi from PHILADELPHIA mint
,.,noo' y, a. meeting Of the merchants this az
,.a,oi Nv, ~ CONSIDER upon the crisis at which
the president of The PheniS Rank dacia,.a a., i
his opinion the true remedy for the ,,-...,r. -.
a pfoulpt ana .eeral enlargement of discounts by
the banks, and that this was the conyiction ~ ~
merchants also. Resolutions we've aaon,ed r.
ommending the banks 10 increase thesr Iasns %
seen millions Of dollars, and from that 40 ten
millions at an early day. A committee was an
pointed 10 meet the representatives of the banks
and hopes are entertained az a favorable result
The city banks favor the policy of receiving and
paving out the notes Of the country banks which
are secured by State stocks.
DETROIT, Oct 6.-The Farmers and Mechsn-
les Bank in this city has been placed under an
Injunction by the Attorney General. 's
BosroN, Oct. 6--Judge Merrick, upon the
motion OF the Bank Commissioners, has granted
temporary Injunction on the Western Bank Of
| Springfield, Mass.
HARTFORD, Conn, Oct. There was a heavy
run on the banks heFe to-day particularly the ate
Bank. All demands, however. were prom tly
| met, and the excitement subsidized
LOUISVILLE, Oct 1.-FinaneiaI matters ara
gradually Tightening throughout the West and
unless the bankers discount beyond prudence or
rellef comes ON OF her res many sood
VIII fail from the LIST to the 3d prox That period
| Is anticipated with terrible anxiety
| ST. LoUIs, Oct. GA meeting of the rnercba p,s
Of this CITY was held at the EXCHANGE vex,ef,,.,-
10 consider the currency question. Mr. Henry
the Bank Commissioner Of Illinois. made sts,e-
rnent OF the condition Of the banks n that STATE
which was generally regarded as satisfactory
| AT the meeting OF merchants to- daya resolution
10 receive and pay out the bank currency OF the
state at par was adopted by overwhelming
vote A committee was appointed TO report on
| the subject. This committee convened in the AZ
| ternoon, hut ADJOURNED without coming to any
| d finite conclusion. The vJte on receiving CUT.
| rency at par was tie. Previous to the adjourn
| ment resolution was passed to petition the lie.
| glsIatu!e 10 Issue DO more bonds at present. aud
| to create sinking fund for the payment Of the
| interest on those already issued. At the other
| meeting at the Exchange, held to-day. the an.
nouncemsnt Of the suspension Of Lucas & Co.
created no excitement. The assets of the drm
are ten times greater than their Liabilities
a run on the Bank Of Missouri and on the Boat
| mems and German Savings Institution has been
made, but there is no evidence OF their suspend
| ing yet. The regular banks continue in a strong
| condition.
| NEW ORLEANS, Oct 6.-The receipts of cotton
| are large, but sales small in consequence Of the
| tightness in the money market, which is unset
| tied. Exchange on London is at par but rates
| are generally nominal