The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-15
WALL STREET YESTERDAY

WALL STREET YESTERDAY.
ecUyBs AND INcIDINrs-AFrsR rHs STORM CALM
THE BANKS PAY NO seBCIB--GEaERAL sClR0IrY
OF cOH-uR0wDs AROUND rHn BULLETIN BoARDs
a SUGGESTION FOR TIE POLICE, src., ETC.
he resolution Of the banks 70 suspend specie payments
yesterday carried out by ell these Institutions exosps
ths Chem!cal Tho crowd In The street greatsr
has usual and everybody seemed relieved. rhs general
dsa seemed that the notes Of the city banks would
have 70 be taken circulating medium until The banks
NV d 10 redeen Them. Within he bAnn The usual bus
ssss transacsed good msSy dsposors drawing out
lAeir money In notes, whiIs others displayed
shcr confidence BY bringing forward deposits
h coin People who had mot read the morn
ng papers had The pleasure 10 Tho following nouoe
posted upon 20 ne Of the bsak DOORS and upon NE buDe
~ boaxds-
me business Of the banks will be transacted exactly
hsreiofcre with The eSoeoon OF paypg specie onecs
win be received deposit and In payment Of notes. and
bank notes viii DO paid out and received - usual
5eversi Of the banks redeemed their smAn notes win
seh rnsre vas strictly speaking no run upon any Of Ae
waI street banks except the seamsns savings, which
vSs ever st Two O'Clock. This bank used by The stove
dores lcnghorcmen and dock hborers generally thal
Ne crowd somewhat rough compared sh The
toners OF the banks OF deposit and discount There were
GOOD many loafen and pckpockez In me street, who
s1ccssed The crss sfter the h1Ssoy fsshion
A o general rule these fellows ara terrible mi
nnces, having not one cent OF money 70 lose, and
therefore being way concerned In ns mssr which
nay discuss 20 fippanty. rney hang about the banks
hoping In the general excitement 70 gcaa plundor
aad earnestly sdvhe mid dspos,sors Get hold their
nocsy In some way other that hcy (hc Zoe e atorc
nid) may have . chance 81 H.
with Tho exception Of ihsse fellows, and some fash
traders who have been broken down by the panic, and
VINO helped 70 bring about The strees very qu.et
mere vAs some swearing about he banks, and LILLE
IAN ueund the bulletin bcaxda, whore we're posted he
following notice -
rppLrc xxrNe.
messing or merchants 10 invited q the Erohange, A
Sk O'Clock 70 cay 70 consider ihe the public In
connected with he suspension OF spscis payments
~ Vie banbs and so adops sucs measures thc pubic
Moses rsylsr 4 Co, Goodhus 4 o..
Brewp, Brothes Co., james @. King Sons,
6Sinseil, knsnyn \ o., ". L 9 Grswod,
rocker, Cooper %, Henry oot
4 D. korg0 o., Gordon talbot o.,
Fosasg, elliott o. ]. r Adams,
Rovlana q Apinvan, y n. French,
j. e. hover Co, VIVA Scls N Sen.
wmsSspAy, Oct. Ia, 1857.
And .he folio wing neuoe lssusd Of noon, ard ds
syMxted all over
BANK or COMMERCE
A meetipg Of tnc Beard OF nirecss1 o. ms .nsssta.
scn Ms day, the following resolutions were unAni Dousy
Resolved, rnsi ,he Bank 0 Commerce in Ne. York.
having been forced, In Win the other city banks
Into . tenn oorary suspension OF specie pay msss, iii
O aep,s notes and certified checks or other psrn
nrsd standing, cgcul.sane = current funes, and win
yy che,ks Of deposts In similar currency and thAs no
kcs uereof be given 70 s dealers.
Resolved, That until the resumption or spc~is payments
% all n engagements this bank viii reoeive spsce on
asd 70 the dspossors on .s.ir checks srs~n ps,,oe In
coin. JOHN A. srEvENs, President
Hsv,r =. van, Cashier.
rncre v general scarcity Of gold and silver fcr ne
purps q Of smsu traders. The Pot oBce Usually has
-..e.,., os .cau siivov ootn Win vhcn A .u.n
saAss The shopkeepcrs bu, Unss sam bmse ran sHor,
ysssrday and c ccc needed all in silver co- ercasrge
Ass general thing yesterday Wall stree, seemsd 20 ie,
,AAs before Men Who we're worth . hundred thousand
M months ago now looked joIlV, suhousn wi,hou,
pssny and lhis courage tudor difficulties . singular
develope ment Of NE elasticity Of the American mind
. ,ha, courage and perseverance, aone which will bring
n out cf our present difficulties.
In our Wall street wan yesterday We noscei Ms N
Hsn who really had business despatched at cucs and
west away, while others vho have nothing 70 DO but
habble, blocked mp NE sidewalks and seemed
10 take especial delight In getting up some
kind Of panic. In NE whole street. ve cav but one
rusty old POLICEMAN on duty. would u no. be ~ vel 70
have strong force 70 look out for the pctpccseu and
nakethe iosfers move me nasty, drir1Hns rss To-
,efered slightly with The ussmeut OF these gentry, but
some OF hem held On, even In spte Of thai
ne panic In hs vRees has been pretty nearly aueicd
~ he action Of the banks and hs suppor which tbey
have received from The Judges Of NE supremc Coxri
m account Of which yin be found In our columns Nils
movnIng.
me business s the Clearing House was resumed, me
balances being paid, ~ usua in coin me North River,
Hcwey, Ocean, uurens, Grsocrs and Ars,zsns' were
NJ repsesssssd, and were therefore regarded n nsclven
Ne Un'sr, hssoaal, Manhattan, Cnansm, PssIsc,