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

posts for The ~ hours endivg at noon 10 dAy bbh
-four, 5000 buihsls wheat S. 600 do corr.
Oswsoo, October 8-sP.M
Flour dull end unsha ,ged. wheat very qu,ss; s.lss
ass evening $500 bushes q 06o. for red including 800
ssks % 600 Susbei, i e2Ho . soo Fre,ehC 70 Nes
Ynl- Uour 3sc q wheat loo. Lake imports TO-DAY
leoo bushels wheat, n GO bushels oorn 1000 bushes
rye.
NEW JERSEY.
FHx TRoUBLHS AT rHB RxRaKN fUYHII-
Tho men thrown ous OF emrlo mont BY ths suspension
work. on The Bergen Tunnel manfcsDg conAidcva
bio d,sasfadon and uneasness as their situation when
Mo work was Suspended, Saturday last, there wAs
about half smonths pay due tho men, spd,xr Mallory,
tho contractor, told them nas he could not pay tie
day, q the same time .ssuirg them that The work
would be resumed before that time. The majority or the
men appeared at The Tune 70 be sasdsd with this arrange
Hen bus neir idleness has bred dc0ntent, and fcar
that they 10 bechsased Of the money due the
and Yesterday mcrning reveral hundred or hem
h.s xs :1d
with their den and they very much dissatisfied and
pror cry sbou: he WORKS number Of them sued cus
atacbmers upon which the horses, carts and tools bc
logging 70 the OonsIaotor were seized During the whole
OF esoYday the Dep, 10 the Of Ave six hun
the works. osoussDs tho prospects Of getting their oay
ere vas no evidence or ds.urbascc smOns shsm. and
hoped by these nteroaed that he pending difnculy
disturbance has ompted tho authorities O. Hut son Cy
10 notify the NIL - 70 be In readiness for duty II
mtnps osrnra M Mallory expects 10 ~ Die 70 resume
work again next week.
THE PANIC, THE BANKS AND THE CROPS
TO TIE EDITOR OF THE HERALD.
notice In your emission OF yesterday article headed
"Susperacn Of ths New York Bank in which you argue
Of the improbabty Of suoh event. from the fact that
there constitutional econ exciting against any relief
nom winding up under the authority OF receiver You
say, "herefore ID absurd 70 suppose th the banks OF
this city win surend specie rayments" Now, allow On
old merchant cut Of bunes- who twenty
Ave years paid hundred cents the dollar who
went hrov 1887 ard who has outstanding rsks
although uablo {, se largely BY money advanced 10 aid
niepds-to say ons word ;hroush your oolumns
lst WIN The banks here msniain srecae paymensi
hope they WILL but II they do 10 Il should be for better
purpose than tho necessity Of evadDg the constitutional
require snforcing wind pg 10 The eveEt Of Eop
page Bark direction. .bo1ld sos only 70 promote The
interests Of their sockbo'dsn primarily and generally, In
accordance with The spirit and terms Of the cot oharerng
them - bAAks Of issue.
Now, they may break a. Of The merchants OF Now York
and possbly save themselves from hoppsge, but this
hardly probable; and evtn So the question vii nstu.
rally Ise, .ha The stock Then worth per 0nt 70 ihs
Bank Ulcers sene,sly active merchants. and thus
IN rss n ga %: M
q .siiscson wss ~ aren't : !. !As sonas<si. ar;s:
Of the city. was doomed By the moh cautious
and conservative oncy and had been carried out iaiIh
iuIly would have saved shs Osss q ssv York more
this want Of faith on ihe.r part
rho psymsnV Of Ocaobsr quarter amounted u over
rally net On Tuesday the ssAounosment - made Of .
reduction Of nearly tWo millions Of dol ars Tor the
S SI.,i % ~ :sSs
panic, for although We have gone Ai 700 rapid rate
u builsi,s Up % railway inss n .ss Ws:s, and ans
has been canned By The grssdnss fos divdcnss cf
banks fostering BY upon ihsr deposits Of eaorous
fore rDinown- and hca BY sudden Turn Of The screws
In Ausult md September, calling In right and left they
bes 20 snxions 70 loan upon In June outirg o6 ali dis
tourb, 40 &c. Tho banks In Now YORK aro fairly
:: % n ~ .se S n: h s One
axd irsst and the Michigan southern Railroad he'd
ihirs 70 do with In wtskenng public confidence, bis
both Of these coucsSns asd Others had been known for
months and regular eechss upon ths community,
ard tho country s largo had ssoens back bone and
concerns but TIE spark which was 70 isc was hro sn
We zee the resuit egimaie co-of u:er ino,mpe ency
wnh the best s.se eurrercy in Se world embracing he
hsue OF nots, The redemption system and the clearing
bou,s Hssm 9. Ne. York with super.sundan. crops o.
ooIeasviib the largest crop OF cotton and The hishos
psiso the country has bad or ytNs-n fact, with every
srsnue Of internal 6sfac prcspercus-wth erchAnse In
falling In every dircrlon merchants OF The highest stand.
rG oiio the Internal exchanges completely dsorgAnised
uni, enai bankruptcy ,arg Us is No raoe And worst Of
al, thousands upon thousands OF our aborIrg classes
brown out OF employmsn In all dbectiors. W struggle
hrorSh lo wher, with their wives and children, me
Lord oniy ino.s how.
sJely TITS shoSslrs nnterng With the currency hAs
ard hat 10 ne remsdyf
without remedy tho end win be un,versa iusoivsncy;
spd The cnly remedy Instant set and 10 the right
direction. Tho banks may eBisnd thor leans, but This
aicIe vl not relieve 'so sammun'iy
wosuc.r % n: county, ' me1oE.n, and nd" from sas
The corriry ratrcs aut 10 the city meI Chant,
here cannot be substantial reisf-ovey eIpeaiens osher
shsn this vi Utterly fall There money enoosh-oon1.
" &c bsBf Of Fer York ,upycse ,hoy can break s Of
wcrih snythirg, THY are mes, grievousiy misAt'n
ihs proposition 40 have Inc Auoc.sied banks OF New
s1s r Se' nS % I
ntri ,ccis, h sound and far seeing proposition, asi
would DO more % ssy is foolish Psrio say ether
thai could possibly be Devised Ia addition this
u Nme OF our arse banks and bankers rareds,ey
looommeIce cAshiBg bills upon Europewh bills of fsdins
attached, believe relief woud DO instantaneous. Admit
nero may be risk in This oourse, there vasty
mtre !. declining sone aciic. Of this scrl
We shal soon ste the tulmnAlpG point of This
e,s Panic; and By and By the promoter, strike
balance and zee mo cxsci prcni aud losi hsRoAroR
SUSPENSIONS, FAILURES, ASSIGNMENTS.
Prem the Irdcpcndcrt, Oct
The follovrr are The reported failures sssignment,
sscus BuB, Hnesburs, VI, failed and assigned.
,. W. Cafke a Co, banrers, Boston, suspended.
Issrspeo, aepe o., B,s,op, New York and PhiIa-
deirba, cry goods con mssicn merchants, sus oended
.. Troilisehap, Jr, Co. dry goods eommsaioa, Bcs-
Ton, tuspspded.
Batter, Keith Co, hardware, Boston, suspended.
Ricbartsen, ksnds %, dry goods, sesiop, suspend
Cd.
putacp, Bsldsin Eaoomber, dry goods commission,
Boston, suspepdsd.
svcstser, ooohn %, dry goods, BostoS, suspended
Nosss Pond Co., stoves Boston, susrcnjed.
Psrsoss, Cutler o., dry goods, Boston, suspended
liabilities about 100000.
Bsbjsmln Howard, mission, Bosion, suspended; na-
ess net large, ard means supposed 10 be ample pay
| IN full
stephen Bartlett, sugars, Bcston, suspended.
Fe or u Iones, PAPER, Boston, suspended.
Biahe, Barnard 70 agricultural implements, Boston,
| fAiled.
Proctor Wood, woiucc, Bc,,on, suspended
bsrcs snhb, raysl stores, Bostop, failed
John Emsrsop, ccai. Roson failed
Abel Tom fkirs, totks, Bostcn, faiIed
ttsrles Rice, straw goeds, soston, su pended
II Sfr'hg fsncy goods, Boston, failed
vm Gsut hestcn, gone inss Insolvency