The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-09

ss % :sps d ~ q
sOnsdss scs IN tho sooi isisS q each osssr.
The ienuhs and Resolutions Of 0sasrai Rsnasy ws,e
feoeiven 'ih q rch favW BY TIE crowd
sr NICHOLS Wall as,t sp cared on the ssssd and up.
porfd NE resouiious Of Gser Rsnnsy BY moving ihas
should report upon the same a an :,ioususd sss.s
Ops VAN supported his motion by saying thai n w.
Of hiDss commerce vas csonDg our ssrss.s oonspe
ratyely de.ertd and Cur merchants walking about Win
THIS state cr ss,r, ana was acw absolute ne ,e,ss, -
something houd DO tose 10 remedy the evN Aad, me-
cssssry lei u act bsnkOrs and brokers Had
the proper epo been taken three weeks sgo he believed
that We would in . measure have been relieved Of ,hs
present money pressure. He for nmtse 70 iahe
mesisg hereafter, q they might dseu sdssssis u No
present condiop Of Affairs He reiterated hs ooaGdsuee
sss .hs q LOU: bad slssy. w. Sos:sd Of being az :psss [
Tsy Ing city et ha balsDoe Of rade In grain
sssiDst ~. and pss acubriy In The sAlss OF ~heaL
The committee was amor wards uoressed 10 w, AnA
M. Walls motion was Se0onded and carried rhe 0hsir
thsn selected bs committee Who wore requested 70 hssd
port !. aaa,sss nesting .ss Css~ssr .sis S onas =
l2 oclocs. The following ihe committee; Gnsri
ssss1 ssssa a'T s.s Geo o,e r
n wal, Gay, Jas. n. Luoas, WHY'S King, ). 4.
B'cwnlse, 9 Aiip, n O,lssby.
ccp,snce ana fire. circulation OF Illinois money.
NJ. u. 6EsRy, Bank Oomuisionee Of IlI,rois, vas
hen called for snd addressed tho members fols
6ert emen-i have mol come hero Tor he purpose
have tho assnrs1ce 70 spp<a, before uuah assembly
~
seems 10 breaten Ny cbjsct coupS hers Il fos the
purpose Of oba Ing 20 acurse informs lon rslson
wnst amount, any, II 10 he Issued and oopsuh with ycu
and epdeavtr 10 vent their further depvecstn One
Of The causes Of financial o attributed
10 the amt mt .f innn currency that 10 10 the hanAD
Of ysur busncss Il waud be proper for me 10 state
tho ~ auD Of ou- bD ks and what security ther
currency is based Tho outstanding orcusion or tho
llrrois tanks 10 asous nys ssd q half muNons
10 secured by ur and bslf miiions OF Missouri
Aah Kant ky Iautsa
vhe,oa. fcfDes,ec and III ncis. The 1,sdusl and
ofntncsd depreciation Of k,ssou,i boods has arscsed
the cftd OF our banks and compelled hs ,aers
require the hanks put mp further rss retro
their circulation. cali was caade upon them Ia MAy-
The stork 5ecc Bank n Danv 10, and Peop Bank or
Csi mi they bad gone Into liquidation, and will pay 80
ard Arother call mads able The 10Th shs montn
and man. Of them have already respo1 ded and most
not all viii do ihe s.ms since then your bonds hsve
shl dep ecaed snt anoths call wi be ualess
some means be devsed bring The price or your
bonds 70 Their true vslue and that tho objc Of my
visit here You bss 9 bsued already ng.ecu m,cns ana
there 10 IN mprt scion in the community thai . iYge
amount viii be Issued that tnere faud pro-
vded to psy tho interest Tn with the I, tbss
bsrhs or OF hsm win not be able 10 sand the
rupa hat made upon them for specie Ye7poad q
ssme time 10 the calls Of the com m'ssioucrs, win bs
forced 10 suspend, and thereby throw largo amount OF
bonds UPON the maTkes; and that te,, alta tine when
there 10 no mcney TO bu, them. farther depreciation
viii hke phoe; those banks that iodn vi be unable
TO sund The continued 6eprecatlcn, aud more viii be
forceo to spspond, and three four millions OF Missouri
DOWN 10 a' goup s.s o,oS osr WIN 60
laroad. soI ped our currcnc' msso vaveess the mer
chants Of Illinois 'cncercd unable TO the orsdMo
merchants cfst Laus ana baukrupcy follow This
shond rot, and need not bo Missouri hAs necer, and
believe bever v repudiats she 10 sound 70 he oove
the could only that no fur her binds
would be suei for ths present aud tia, ibe Sea,ure
Of aes4ass S.aS, a %
be ii,ht ovr banhs, At the present value Of their
securhs, even a Tho very loves: prices ,hey
foy uk~~S
even dollar OF their c!rculs ior. TIE bsnss N ,he
northern part Of tho sia:o have redsemed their
s. they osn continue % DO ,hs. IN u. pre-. %. src
specie 6oubi; bus ihey and win redesm tho oar
ard ordinsry oourse OF busness II o,mns;ssd 49,
here large amosn nj q here, and tias oAnaos
ustd co nos sai.k there :. a. large aaouas many
s,ppcso F,om what loan esvn toevc 10 day cve-
100000 " you cdnno, and c nat roei,e e. snd Il f.
CAieco snd pascAose ovofn vA a. and ne groin 10
chanoe 1hs wn relieve you bsve and Ne win obssia
currency iha, 90 need. n n the present oyi,s hsge
anouDs should be thrown bsuE upon the banks fos re-
dsmpscp many would be forced 70 suspend ana Ss c.
hDiy have before hn'ed 81 brougst upon u. b DOS
hs ume sos for US % look back and oompI.s sscss ne
osufes which havo brousbt upon We must take
thnss q tscy ARC, and M would have nan mn.
nos and hssoar arc commercially ooOnechd-lh ,r inse-
This money psno cannot AI long . su, Q paai,
Without any real cause. II simply van, ef oosadspos
moro has been failure ef crops 90 hayc more thsn
succnt TO dischrge ell sblnues and arc abousdipe
vih Absic hc couds dsp<rss and me ,uo az ,sos
rersy cnoe MIRO bcsD upon 10 and We win ooms Qua
wiser spd s'rcrser Than before
NJ Henry wN followed ny hy. JoHs Ho1aS wAoss 70
nrn vue veil reorived ami much applasded. ~.
Began said that hc deemed ths Of tho povans
sfes ino's currency perfeoy DO suu be-
hcv,d q, and he Asked the question, That cuusscy
10 day than tefoeH ans .sred ma sussos ny
siaii that nos. bu, hs, lhe .nos 70 .hI ON d
ous viii have the sn,ct 10 mAs wcrse uma-
dsIeo, he "s, vas the se.' oemen, ~~nAsos,
community 70 fcrnss his io,s T. the genera, stock
for In ire Iels4rs ard rsmitcsos OF sscieiv Mo do
ries al down with In he general disaster Tbers are
ntr, ho raid, even In his cormrry who have t-tsn
r ,n %,. y. o,Is, ar ana ,re.i,y d.ri .a
ios orss hk, this, hssHdiy hcsrds HE Id deserves
rsp,thob For himself he vas fw buylrg .bsss In n
Louis rsiher nan "a Chicsgo-buy with sscs 90
can br, We esrnot vhy lh-s with currency; for the
10 sil core .hen grrs Ior,ion " no, al, of ,hs
u,ns that OIL hat necessary wac 10 rect rs oona3aoo
IN tse pubic mia and with each ,ther fo,, ssit hs the
sbp Of cor nsuoo be wrecked In nusDs'ai storm, and
goes down IKE NE ~ fAkd Central Amorics carrles ln
ns vortex 10 the great socu oil ihose Mat soas ound
he eonelaced oy room mendos generous and manly
conadctce IN tsch oiberto saod togstber AID eAos
o,be-
The oOrnf,ec were 70 meet n the Me-chanss' Er.
charge yesterday afternoon, " take NO subject matter
hi2a
since ~yiIg N. Absve, wc uadersard tn., ms com
mtice ndsr te r@olrusns ssove reported bsd meet
log st The xsrcbsu Erchspre ysstcrsay ssrno,n and
modified ere OF The rcsciut BY suklrg the ptans
ara on ten rey cent end insert NJ par vssusIos 70 be
currency. The committee upon q vote taken 70 rocom
mtrd nc rcrciuts I, the meeting 70 dsy eqssny
dvhed, and heroe -e may esrceis msjrry and minS
ritz rcrart
SUSPENSION or JANIS H. LUCAS CO. IN 81. LOUIS.
fFrcm the y. Louis Dorocrst, or
To-day has been asnc Monday the wesher dash and
Rainy and The financial lky al pcrien ous snf eo my
Abopt o'c,oek o emiasni bankias horse o, james II.
Iuess n Go -its owners representrg property V NE
amount tf thrsc CT four millions OF donau-slosed h
eorrs ibe I'm mediate csuse steady and disastrous
run cf ths mornlrr during which about tl6o,coo
foy wei past By The esrs of deposi.ors ana on
Rslprcsy srepus, srcr tho susrensioe 81 Y. OAvk
Rrcs Il vn anticipated ~ m my that dors vcold mo-
On an INF, morrn u IL and IA o'ooox onisf part
nsr az the sill sspsuine t beiug able sustain
ali dc mans The usp<nsion closss he up n IASre
smoust Of depviti which croumst gnos win con
pbus stu greater avm and embarrassment 70 the
slrvsdy rsnic urrck money circles Tho solveayy
Of lie tcuse cf course csnnot be doubted fse momsnt
and ell tdors are torndent entertan fsass ahout
The Ultimate realisation Of their fandl
49, - 49, 49,