The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-10-01

The suspense Of the past three or four
days had partially prepared Wall street for

The E6oet On all street.
The suspense OF the past three or four
days had partially prepared Wall street for
some serious accident to the i'll fa,ej ship
but the real extent Of the disaster is much
more than was generally anticipated The
fearful loss Of life is most thought Of The
pecuniary calamity might have come at a
worse time, and fallen upon parties less able
or prepared 10 meet it. The loss to our
own underwriters will barely exceed hay a
million and this divided among three or four
Of the largest Of our marine Offices. The
remainder OF the treasure is covered in Lon
don and Philadelphia, or the risk assumed
by the owners, as may be the case with
some few OF the small consignments. The
very prompt and comInendable action of the
Board Of Underwriters, ON hearing of the
accident this morning, will do much to mi,-
gate the Inconvenience OF the loss. Iheg
pau on ddv,ce Of me amount, at ones. All
drafts drawn against the Gold. therefore. are
honorcd, on presentation at the respective
Banks and Banking houses on which they
are drawn, on ttis timely assurance, whe,h.
er acceptance be waived or otherwise The
same promptness, il is underst, oil. will gov
ern where the 20 d Is insured in London.-
The arrangement in every case authorizes
the insured to draw for the money on the
first evidence Of loss, the satisfactory nature
OF which is acknowledged in New York.
The following list, in the absence Of the
manifest, is based partly on the amounts
which usually came Of late, to the respect
i've parties;
C1nsiunees Amons, unAerwriuen
America All xge Bank 1906. 900 In New York.
Wells, Fargo 4 Co. 800. 900 In London.
Duncan, sherman y Co. 100000 In london.
W. lioge & Co.......... 10000 La London.
Robb, Hallet & Co.. 10000 In London.
Rowland Il Aspinwall. 10000 In London.
W. I. ColemanG Coz. 10000 In London.
Sundry Consignees ... 100000 In n I.&B'n
Pha Consignces. 100000 In Phi!a.
Total Shipment. 81 .6O0D00
OF which, in y. \. 100000, London 1850
600; Philadelphia, 100000.
The policies OF the American Exchange
Bank are one-fourth each. in the Atlantic,
sun and Great Western, and ono eighth
each in the Union and Pacific. The policies
OF Wells, Fargo & Co, are with the Royal
Marine Indemnity Mutual ROYAL Exchange,
and London offices. Those Of Robb Hal
lett a. Co, with the Alliance and Indemni-
" offices OF London. The policies OF Dun
can, Sherman * Go. were effected through
the Union Bank of London. W. lioge n
AspinwaN, and w. Y. Coleman n Co, are
insured at I.loyds. OF the miscellaneous
coIsignccs, S35U.0oO, We are not particularly
advised; assuming, however, that all are GOV
cred either in New York, Philadelphia or
Boston.
The loss Of the mails will postpone the
presentation OF the drafts made against the
gold until about the 18th or 30th inst, on
The arrival Of the packet Of the 9Th Scptem-
Der with The duplicates The inconveni-
ence will he greatest 10 parties who have re-
mi,ted in t, :. Treasury Warrants and
Discussing Checks, which are not drawn in
duplicate. But this will be iemedied, and
We hope promptly, at Washington, on re-
receipt ot the particulars by the next mail
The II VS. OF the disaster had less effect on
the stock cxchange and the money market
than might have occurred but for the pre-.
vious apprehension on the subject, and the
fact announced this morning, through the
U,a,S that abou, three fiths ~ the treas
urc wa, insured in London. thus creating
at once corresponding snm Of sterling bills.
Nevertheless "A dull feeling obtained AT the
Brokers' Board, without any violent change
in prices from Thursday. except in Pacific
Mail shares, which fell off 10 90 per cent,
and subsequently recovered 10 &C and C5l,..
The lost steamer did not belong 70 this
company. but TO the United States Mail
Company. New York Central closed
fraction below 20 per cent, Reading about
~ ;, AMI Erie II per cent.
A special conference 0! the Stock aud
Bondhollers Of the Erie Company is invited
by the Board Of Directors for next Wctlnes-
day, 23d inst. to consider the condition OF
the property it, credit ard prospects, pre-
liminary 70 The general annual meeting Of
stockholders on the 10Th October. Panama
shares were we'll maintained. City bank
stocks dull. State stocks fraction lower
THAI yesterday. The genera market left oil
dull, but with no disposition 10 press .al,s
lower prices With the discount brokers
the rates on paper. hrst-class, continues dear
say sa2i per cent. with less business than
yesterday. Lenders, were disposed, IL the
forenoon, 10 wait the effect Of the disaster TO
The California shipment. The Cuba firms
are thrown cat OF some remittances by the
accident. but We have seen no evidences that
they were in gold The Empire City, from
Havana, delayed at Norf3lk, la. so 900
in gold
Tn. Battle OF Ea,,im,oro--speesh 81 cen.
Case.