The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-16

msst The superintendent form nth gves the bank n
acs ha. muss pay NE notes: m nssisc % do @ ~
nneen days. ho item pubshas nooe In the Btac papog
q The srus fumes In his hands for that pu Thee
soS bS him \ public suction upon Ten dsys soos -
he PROOF applied 30 the payment and oanOoaNon Of
mo.,s. gwen 70 biz holders wa.
which 20 present al the These then cease 70 -
charge or claim upon shs fund In Tho superinsads.vs
This cfosr next makes pro rata dnniouucu or the ren
due Of the fund smorg the creditors Of The bank and
there Be surpss deposits In The sass Treasury os ~
failure By b. rk 70 redeem IL notes takes plsce q ~
pissss.sd II as rave o. s~sny per CENT per
the redemption and or fntercs do mot tafe paoe
twenty DAYS The Supe1ssnasns procSe s, ~ -
me sne bank cannot Issue or put In circulation any O -
On an application q the counter 70 redeem, The SAak
may offer The par notes or Its drafts drawn upon bana
In Albany, Troy or New York. In paymont Of in o1Saa-
vii that such drafts are available FOR iams-
eise pay mint This Will The effect 70 the bank
from oosu Of sus II one . brought upon IT. defanlte4
Any creditor OF bank having demand exceeding sas
nusdred As, payment Of which II reused may within
preme Oourt for aa order DECLARING the bank insovs
restraining II 70 doing farther business and sppolnun9
ts order, for the 'prevent Of fraud and Ip ,stica
tho order granted after hearing and inquI.y and NJ
tire property Of The bank, ave On me gu perntsndsn
has and publishes roioe & creditors esiabish theH
rep .ndsn no converts into cash tie stock and otrrs
securities sh tbs least possible delay red to oash
inc ana sn q ss S M
his appointment declares dividend among he oredls,
ueioas The time enlarged BY an order Of the Supreme
Coorl This can not be done for period exceeding nns
The s.ockhcders Of the bank may themueves proceed
one telih OF NJ cap tai may apply to suprems OoaEt
Judge 70 have declared nsol ,en or 10 immnopt daa
ger Of Insolvency" On verihcas!on BY aadAyit xths
fsc alleged. The Judge may, In his discretion, empoTa
rty epoin the bank from payrg out money, transfrg
Y. a.sos q nrscng liabilities: Subsequently, upos
hearing OF the parties this injunction may be mado fna
and the hank declared insolvent and receiver Of it, a.
| feOts be appointed
Now York stsse mopeyed corporation which Tor ous
| dered liz franchises.
These aye the outlines or the provisions or our Bpktne
Law for the protection OF bill hodors ana on dtors Ths1
will s'ce for Information at this j1ncure, upon ops q
The bsris Of this State however are kindly regarded
BY the publc and in the general sympathy he mos-
tunes which have ovetaken them In common with VIC
fubeo. OF The coescive provisions or stAsuas For
beaa.oe Kindness nd paaerce VIII DO tho rule q o.
| duct Cow thI cushont New YORK
BTRRKT gCMHs IN ALBANY.
| From she Albany Journal, or. a.
Al ~ unusually early hour mis- morning TIA business
streets were thrcnged. Knos gathered around evsFy
Gay and the probabilities Of more suspensions today.
Crows coieoted u each bank and when the doors rare
opened theEe general rush or bill holders sad IN
some eses Of depceitors, for specs. Al ths OommordA
too hall was 20 de0sey packed 10 prevent for eone
faced oeposito in the Saw igs Bank feArfu Of inr tssT
wiIer but the s.ea.er part we're iders md
unfesurs osSs over Ishoicu, M aS,iss,s AMI v,c
pockets we're not scarcs Al the other banks there
less I'd but constant stream In and ou oioss
packed o. the teer's deek all eagerly thrustng
ward notes, cnecks and books Soon the ruoe wss
circulated OF the meeting Of the President. and ~
wildure Bus.ness wa Il stand, and nothing WIS hoard
or talked Of but The engrossng topics "baaks "scouRas
s.s
kept order 81 tho Com erosl and shefe ~
dsturbazoe Indeed the general telling ,es,sd 70 -
worst. There WAS ies anxious whispering aud noEs
laughing and good hunor than for . week psst Every
body hitherto has been reoouni0g dsaasss or sxprsg
srBKSr SCENES IN rRoY.
-. ,,,,,I s s,o. - ;' e., Ir0y mIos 0ss !.
morning About half az hour before The time for opening
che BUSINESS Of ife day, ANAL deposors and bill hcas
avnne for their opening to make general rua IN
O'Clock came and hsy informed hs II had been ds-
O. ny oss1 SS ~
creased and by half past tan o'olocE tnsro
Vicinity Gsnsr sp.sps they sor. a sus o9ss
though some, unsned wh The Information they hsA 3
tanned outside sienItea . crowd their way 70 he ssak
Shortly before eleven O'Clock, Mayor wossy.s .sAs
an .ddIes. . The crowd, which ihsy l.issed : d
agreed up,u Sspo" and s i'i holder. n Ssa 80 -
name; vhs,evss. Il would soon BE- .ppsrsus . u -
the suspension wM net only matter OF nscesvty, -
rone and that the interests Of all CLASSES would b .ss
rally benefited By the stops which had been tahsa h
then Rad the resolution ADOPTED this morning BY As baa
Of Albany ROY wsss Troy, LAn'nsburg and wsasssrA.
hon DAVID Bun. IT., followed He ated The GO n
1887, vhen, he ,d, immediate relief folio we'd suspsuL
stem Of specie pay menis By the bank There could Be
doubt Whatever Of simiar result In this Na cnU
would efchaLs and manufacturers be beHensd By -
suspension, but she interests OF ployes would aho -
Moderate cornscs prevailed. Some three hunAEsl
persons connaed 70 hrger about Tie banks unsil nea,
though enicsrs were stationed Il ne several sSrs.s.
their services were mot called no requislroa qasn ~
CANAL BoARp--nRoRrANr ACTION.
(From ne Albany ssAsssnan. OCT Ia
Ala mes ung Of the OauA Board this morning. Mr. "A.
ctor Benton submiitcd An important plan for relieving
forwarders and The community generally Interested n
having the produce or the csuny brought 70 vsasha
The plan 70 The eject shss banks having he funds q ~
holding The bills cf ladng - security mus prask snIy
The rste furnishes funds 70 produce 70 naraa -
me forvnders IN business, make business for the oaa,
nifty.
CANAL TOLLS FOR 1857
Yovh canals during the nr week in oosob and a. sAs
total amount received from The opsusg Of nAvigsain -
10 October 8, IN the years spscdsa below
N October Oh o.
lst7.............. .SIStsSs s7ySss0
I5s1.......... ............ 1Bl0o 2,ooA0N
loW........s... .............. IIoIbI 1,3ftW
Ioso ..-....,...s........s.... 10 All a,8teoe
lesl s......................... ll2,Ibt 2bu,@
1907 ................s.s.s..... 1t1p0e f300 -
lseS .......................... lilo t6S 93N 80
looT s..s.ss....... w,eb6 ~
1890 80. ..ss.................. Db,3aI 2,0Nl -
l.o0