The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1857-10-16

DETROIT isi ~
Ia consequence ~ ti,s SUSPENSION at ~.
Eastern Bank the Michigan Insurance tom
tany gank "f this city discontinued s,.erie
payments this mati.ing Otherwise a. business
viii Y" usual
II lsggIsHtHu hst. ~
III. Goyerhef ai,n.si iha Eell.i liiil ani
Ia. Legislature aii"utn.i siue die
BosroN oct ~
The Massachnsrils Banks continue 10 pay
eI.cir.
al, nfst The esi.s,i,esaf ~ r.deemiils. mall
notes ~ specie
NAN iogk ost ~
lal Merchants. banker Ae. i.-.k npo, ~.
hank suspersiaus a relief
There H. a run ou the Saving Hanks
The Iir"aklyn lanl and Saving insiilaitol,s
have all -usI,efsded
u ,rft"Er ust ~
~ the hank i.ns snsI@nd.d except "a.
t..l,n.elisni Eitei Banlm COMPANY
Ponrfsuh oei o.
The hank- have an suspended
Mn uRIrAss. Del ~
johnson a 10. Pfe.ers have Jailed NJ
ether failure fepnrlsd - day
The suspension al the Ncw York hasIs has
.sussri Bii.asy feeling.
IT," SAVING Rank si,'sei ta,ias Il ,sa
siaail uant"rb.
There = ~ .o = meeting III the me, chant
L, biall
Wall strect ~ comparatively, ,ai.t 10 ,lst
Thee. has been a moderate rue .ai the various
SAVING Bank hui all demand R"F. lt,sgntsl#
i n"l Nj lh. thstitatisn5 80 tn .itl but
tla.e ~ I.fnkIn Wefe "hliessi to eloso ihe,f
deDis
~" l;snh ~ America ami the ttl..n.isai
Bark e"nlinue la Ia, sI,eeir.
theeks viii i,e received uu ,l.po.il ~ the
s,Aine,d .t nntes aud bank iislea IA d. ,,aii
atd received n usual. Many 81 IL. hanks
have still a large amount of slsrci. ol4 i,aId
t.ai,l Il selling iv a.. .n,k.Is IN iab t,sf cent
premium.
Al ih. morning session al the Stock i."afi
il mas resolved that payments might h. n,aar
~ certified checks, and there Mas "A general
Il~e ih prices at io I,.r cent. at tee serond
Beard prices we're tiflacr.
Al a ne-ihg nf merchants lhis allsrn"oil
IL was resolved that III. meeting hal eniir.
confidence in the banks of New York aud
tlsat they will meet all their engagements dol
lar for dollar that IL Is the duty of the hanks
and the merchants Ia afford every facility lor
that Ill. eAigency ~ Tie times demands an
immediate session Of the Legislature, aud
thae committee be appointed Z" wait upon
the 0ti"serDnr Ia solicit his immediate action
ta that end. A committee ~ eleven was M.
painted which proceeded Ia Albapy this eve
hing.
A meeting of the officers oI the several sa.
wings Baaks of New iofk and BROOKLYN was
held this afternoon and resolved Ia I,as their
depositors only Ia the rates of the city banks.
Several of the banks which clns.d their d.,ors
yesterday resumed their business 10 day.
The Supreme Court Judges held a meeting
to-day and decided ~ issue no process against
the hanks except ior n"t@s given ia the usual
form.
BosTox, Oct. ~.
The suspension of the banks did mol create
much excitement IL is probable tho suspen-
sion will ilexiend throughout New England with
few exception The banks Of New Bedford
Fairhayen, Worcester, and oiber principal
towns have suspended. Al Nantucket aud
Lawrence The hanks paid specie through the
day. Tho Boston hanks will pay their hal
ances at the Clearing House.
BrgrAIo, Oct ~
All tho banks except the Manufacturer and
Traders have suspended sI,eei. payments this
afternoon.
| The temporary suspension of Pratt x Co,
an extensive hardware house, is announced.
THoY. Oct. II.
Cnder the adsices from New Fork this
morning, all our ,ity banks, eleven ia number,
suspended specie payments. They are open.
however, and doitag business - usual.
Nkw ORLKAxs, Oct. II.
| The branch mint has purchased from the
hanks ~, ND mo of silver bullion, paying
| oDed. stos1ing s0sns relief The Union Bank
- suspsuded. There is heavy run On ell
fsss banks, and grsat excitsoent