Cooper's Clarksburg register. [volume] (Clarksburg, Va. [W. Va.]) 1851-1861, 1857-10-23
The Money Crisis.
BosroN.

postonS Sct. S.-money 10 easier neteI
but negotiations are as difficult az ever.
The banks gained one hundred and twen>
~. 1--WE thousand dollars in specie yester-
day. making three hundred thousand
dollars this week. The Boston Betting
Company have suspended.
The following failures are reported to-
day :-Messrs L. A. George. Il Co., straw
house Messrs. Milton & Gale. oil and
leather dealers, aud Messrs. Nash, French
& Co., shoe dealers.
New YoRK.
There is no material change from yes.
terday, excepting, perhaps, that there is
less excitement. State stocks are active
for investment, but bank stocks are sbaky.
Several unimportant failures occurred to-
day.
1t is the settled conviction of the mer-
chants, that there can be no relief unless
the banks suspend. The rumored sus.
pension of an extensive banking house
this morning was false.
The proposition of the merchants for
the banks to increase their loans to three
millions has been rejected.
PENNSYLVANIA.
Harrisburg, Oct. 9.-The Senate has
passed bill extending the time of the
bank suspension to the FIRST OF April, pro-
yiding for a stay Of execution for one
year. and requiring the deposits Of the
State Treasury to be paid in specie.
A large meeting was held at the court
house tonight. Elk. Governor Porter pre-
siding. Resolutions were adopted urging
upon the Legislature the passage of q
relief law. Messrs. Roberts, OF Pittsburg,
McMichael, of Philadelphia, and Parson,
Of Harrisburg. spoke ably in favor Of the
movement. The meeting is regarded by
those in favor of such a law as a power
full demonstration.
BALTIMORE.
The money article of the Sun says -
Another week closes without affording
the least indication for the better in the
financial and business world. All is yet
doubt and uncertainty, aud under the
state Of suspension in which the commu-
nifty now finds itself. a feeling Of imPa-
Hence is manifested in some quarters for
the final result, irrespective almost of its
character and consequences.
WARRINGTON.
Washington, Oct. 9.-There was q
meeting here this afternoon of the credit
ors of 9airo l. Nourse, which Was
very large, representing heavy amount
of deposits. Nicholas Callan presided
and Henry Smith was Secretary. Several
addresses were delivered, expressing
confidence in the honesty of the parties.
Assurances were given that there would
be ultimately, little or no loss. and thai
the suspended house was willing to FUR.
nish all reasonable facilities for the en-.
tire satisfaction Of creditors. TIE fol-
lowing resolution was unanimously adopt
ed:
"Resolved, That it is due alike to de.
positors a. we'll as to P4iro & Nourse
that full Investigation into the affairs O.
the concern be made, and il invited by {
recent letter from them. That o commit
tee of three be appointed. who shall b.
authorized to examine into said affair
and report at an adjourned meeting o
creditors"
Col. John II. Wheeler. John n. Smith
and VIM. Thomas compose the committee
The object Of this 10 to procure state
ment. which will place all beyond doub
a. to the 6nAl settlement.
MEMPHIS.
Memphis, Oct. s.-Money is tight, bu
there are NO failures of consequence
!, Trade 10 stsgnant.
NEW ORLEANS.
New Orleans, Oct. 9.-The cotton mar
ket, under the influence Of the stringenc,
in the money market, is much depressed
AID prices are declining. and are too ir
regular for quotation. The depression i
increasing. and no sales can be effected
without sacrifice. The money marke
is tighter, and there is still no Eoovemen
in exchange. Flour is quiet at S6.76
Coffee is dull.
The GERMAN CELEBRATION AT LAEcAs
TER. PA.-The picnic of the German
Shooting Society, in a beautiful grove
near Lancaster. Pa, ON Monday anG
Tuesday, in which delegations from the
city participated, is said to have been one
Of the most pleasant affairs Of the kind
ever witnessed there. The Lancaster
Times says:
Upon their arrival on the ground. on
Monday, target shooting commenced
The distance is Eve hundred feet. or one
hundred and sixty>six yards. The shoot
ers were in the building. and fred or
"rests." The delegation from Baltimore
are reported to have made the best shots,
and surprised all present by their skill
A member of one Of the Baltimore soci>
cites during the day Gred one hundred
and tWenty..hree shots. ringing the bell
one hundred and twenty times, which is
considered "sharp.shooting."
The exercise was varied by dancing
upon large lawn, covered with grass.
Numerous parties were tripping it to the