, 1857-10-16
PARTING OF THE GREAT TELEGRAPH CABLE
Financial Panic in New York.
Brigham Young Preparing TO Resist the L.
Forces.

Ihe Pacihc Mall steamship company S
Steamer Columbia, Capt. DALI, arrived in
our barbor on. Tuesday evening last Al
H. c.o,, c.. E.,no;.,o n,;,h tho II g
- w. ~. -. -, -. "
MallS' passengers anu 'reisnI.
we are indebted TO the furser Tor hles
of late papers.
The New York correspondent of the
c. E,ono;ooo II,rou rrdor doto of Son
I.L tn"n;aI,oe .L. r,,Iowinu in,oros,;Irr
f'u, ,u'u'sS'o 81 80" W" e ~ '0e
Sun' ~ ,., 49,,
Inc pnollc minu mas oeen mucn agllate1
,oy tne neanc'ai panic "nlch conl'henceu !,
mere lew Gays ago alOer the lalI-
ure Oh tne ohIo Llie anu lrus' CoihPany =
ms institution WIN Gapltal OIL TWO mil,
ions, uau ioaheu us circuit 10 Tue amount Oh
seven m,lliohS' by ilS extensive opera
llons ana connections mere anu IN Tue west
II helu very important nhanclal Posi'lCn, =
ana ltS ialiure was an lh1ieauon Oh tne lail
OF raliroau S'oeks' anu trouble among
STOCK orohers.
a numDer Oh stock brokers, DeeOe q
Co'' Conh Anoupson' 1acoo A'ttie auu otn-
ers' Iolio"eu IN quick succession some
of the banks were disaoled, ana run up
on tne MeThahic ; ASsoclaIion was COM
menced' Ihat lnstltuton VIII nave to
yield 10 the STORM out the ieVer IN regard
10 the o'her Guy oanks Is qulte over
A general distrnSt as 10 the country
banks exlS's, ana VIII not soon De removed
Tor, "hile tney nave large circulation,
thelr STOCK OF specie VIII not enable Them
TO stand a run.
re" ol tne banks IN any part OF the
country eonid long Withstand a general
panic, Wnetner u waswell grounded or not
Inc DalKs IN thls city are made sale by
their deots 10 uePoSltorS,-that ls' the de-
posl,ors VIII not assist IN a panic, which
wouid DC rulnous 10 themselves.
30 universal has Deen stock speculation
that many merchants are injured by IT,
Capitalists now refuse 10 lend, not knowing
whom 10 trust: feople IN regular busl
ness are therefore much embarrassed by
tne lmpruuence OF others, VINO nave rur
rioE win tneir circuit. ,u
stocks oil nearly oil descriptions iell SC
last ana SO nat as 10 coniound all calcula
tion; ! refer you 10 the quotations iol
particulars eallroad STOCKS particularly
anu even goou s'ate STOCKS, were SOLO al
panic rates; Inc railroad securities iell tC
a point httie ABOVE, zero. bnt, yesterday
Ihere was q Gousiueraole Improvement IL
STOCKS wnica Is NOT asS'gna1le 70 any cause
except mat thoSe VINO had surplus l1hd'
tnought 'nat tney were az q point IRON
whlcn tney muss rise. IL IS prooaoie tna'
they WILL iah again ana continue 70 nuctu
ate. :,
IL appears tnat ABOUT one hundred mill
IONS or more capltal invested III raiiroao'
is sunk and lost, Inc rallroaIS ana 'hell
appur'enances remain ou' tney are no
worth anything IKE what they cost 10 thel
owners. rev OF them eau make any re
turn In DIVIDENDS ihey may II is true
return all ana more 'han 'hey cost IN gen
eral improvement ol convenience ana III
creased lacli'1ies lor Tringlns ugrlcuitura !,
products 10 market Ii'lhois Oeh'ral hali
road STOCK rose yesterday al leap seven
teen per cent.
Inc ARABIA carried out 10 Li'erpool Oh
the ISL, tue intelligence Oh tnese disasters
and IN the height Oh tne panic Inc re
vulslon VIII appear tnere 10 DC worse tnai
II really ls' ana American securities OF al
KINDS viii Dc AVOIDED lne large ueou
due abroad ior inportatlohS VIII oe calle'
H. anu must Oe paul. no' III S'ocAS' out IL
specie
Inc goou eneG'S VI tLis ooliaPSs are Y
oe very genera, E3'rSVugan' imporIa
tions wll DO arrested. 90 iSr, 'uls year
tney nave Increased oeyOnu FORMER FORMER exam lI
pie anu even uTuer 1rI Tue operation oI .1 In'
reuuceu iar'n' ine proper circula'Ion " VIII
oe cur'alleu, u1u ~ coIsequenGe VI I, Inls
sne eAuseera'eu prices Vi p'o'iSionS MUS
lalI; II, n,. "a, >,
Ing airl.ai ,II, VI 'nS ,f inlHols' WIN mort mort
Ihan d milton a M anu an mar ol golu' anu pay
lneuts llou' 'ne 0So, 4reasTry, nave III
GreaSeu CT I tne means Vi 'ne SankS III 'niS cry
lou io,lnoriUH' II % supPoseu, 'neT VIII nave
turee ulli'oHs llore tn"n 'uey nau a' 'ne
oeS S,hu'us VI 'ns SeIA'