New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-08

"Thi, shcvr q, increase 81 sifS2 10 osFnsi ano
81 035 30 IN specie: spa deores.e o' s5s 50
ciruulatiop; atll $50 62 IN deposits; ooi % W.
De be 10 Other bsbks $S7s in Bill. reeelvsoe;
$o5S ~ So IN bills Of other bsnss, ana S9~V0o VI "
deposits in other banks.
"SOme OF the banks have already gwen GHq nI "
their correspondents TO receive the bids Oh ali iSDc1
Ista, bsnfs liz rood credit in payment of theI cor
leetiops. Az soon ss al the banks have done INV
thejr bile will be within y cent OF PSF N New" OH
There shond be 10 delay in thus Inc Pse III pO hes
na.es 10 adopt Il exposes tsef to just suspicion a9d
rebuke; but we do not imagine that any one WIZ A
1897 during the short time that our banks fu-pono'
this practice made our bills current At csn' VI
count. - ~. IT,,
remarks: .s,.
"For the past three weeks, as We have rePesteuy
stated, the pressure upon the Banks OF New-Lhs
has been greater then they were, as genera NM
sble TO BEAR They have assets-nass OF anu f Iii
and cornorations-that would il avslsble, pay OH al
their deposlts all their bills and leave surp Us.
tbey cannot collect these assets II note aus NC
maker of the note cannot pay il in tunes IKE tnese
he paws 30 y cent of it he Goes pretty wen. in'
cram ns the banks They cannot meet tue demsnos
unop them in god or specie fonds 30 long as they can
not reach that which is due them. Oae baiK aiter
another has fallen-eyery Gay oines s bi,a mn
several suspe nsons. Several OF our banks nave un
der these circumstances concluded TO suspend for the
present They are thu Exchange. al old bank;
"The Mercantile, a new one whose securities were
1.-The Charter Oak, also new one, like the Aer-
camille. ~.
the M greater than they could meet agreed this morn
ing oct. 81 to stop paving specie. They continue
with open doors, and do business, but do not redeem
their notes. . -.
{" II "a ssid that the Hartford, Connecticut River,
Phoenix, Farmer and Mechanics, Ci.y ana state
Banks are able to sustain specie payments.
The suspended banks claim 10 be sOivent-ano
that they win be able to pay not only bls and depos-
tors but also render sound assets 70 meet the par
the longest and is probably the sorest But we doubt
NOT that Il will pay all Of its bills end deposits, aod
pYobably be good for part if not good share OF its
stock" n.,,,.
The Western Bank did not open its doors yesterday
morning owing to temporary injunction IRON Ju0ge
Meick of the Supreme Court obtained Attn instance
of the Bank Commissioners. The bank will have a
hearing next Tuesday, and until that time Will rest
from its llabors. There is great indignation IN tne
city at the course of the Suffolk Bank and some OF the
Commissioners in this matter, and especially at the
charge which appeared in all the Boston papers yes
to-day morning thus evidently having one source
that I" the bank had been doing an llegtmate sus'-
mess in rail- DAD paper outside OF the SAFE Two OF
the Commissioners Mesns. Moore and Shedd were In
town Yesterday, making an examination OF The cond-
ton OF the bank. The result of their investigation
will be known when the hearing is had On the nJunc
ton next week. but in the mean time the public can
rest assured of the sovency of the institution and its
abb y 10 meet every cent of its indebtedness If worst
comes to worst or to continue it's business with safety
and profit il the Injunction be dissolved. The accounts
OF the Western at the Suffolk Bank do not snow nearly
as large deficiency those of SOME other lnstita-
tons in this State Of which, we might add is I'M
der the direction Of of the State Commissioners
Tie Western has been sacrificed without just cause,
and will redeem its character and its position also,
when The opportunity peesents ITSELF We state these
facts on the authority of one who ought to know and
who does know, and we believe in their truihfnlness.
Owing to the excitement in this city over the al.
fairs of the Western Bank, yesterday the other banks
sustained some Dconsiderable runs, but nothing that
amounted to anything serious.
From The Philadelphia Bulletin, Oct. 7.
There Is no abatement in the depression which has
characterized stocks for weeks past and the tendency
of prices is still downward. Reading Railroad im.
proved, but Pennsylvania Railroad City 6s and most
other descriptions fell Off The Money market contin-
ues az stringent as ever, and the best paper cannot
be negotiated on the street unless at rates that must
entail ruin upon any legitimate business Many Of the
lenders if they continue their exsctons, will find that
they have killed the goose which lays the golden eggs.
The action of the Legislature looked to with much
anxiety and there is general unwliDgness to operate
until the result of their deliberations is known Spe
Gle continues to command as y cent premium, and
Exchanges, both on the North, South and West, are
unsettled.
r. X. Swift, Brother g. Johnston, bankers, Of Chi
cago, who suspended last week, publish statement
showing as follows;
Iisbiitie, ACKNOWLEDGEMENTS. 792 743 rs