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

z
norping From tss O'Clock Dssknaa arsss from NAssaa
vxsss 70 Part row. prssssssd soeos Of the grsassss
nsaS There peyfea "a II of dsposttoS forcing
tser way 70 ths desk Of The paying taller, who
promptly Ing out piles Of gold 70 The umid and anxious
claimants, whie The srss outside denssly throns.
Cd with curious spectators thai the aid Of police force
Wa feusd necessary 70 keep tho track clear.
Upwards OF $4,000 paid out 70 The demands or dc
positors up 70 O'Clock u which ume the panic sab.
aded In The carly part Of ths day was said thai he
bank could not stand IN few hours and d one
time w reported that The directors had decided 70 su,.
pend, which caused much uneasiness SucS, however,
wHs no the FACT - every demand continued to be met
sons Of the depositors accepted bills or the PARK Bank
they being oonsideredas indeed they are-pfeoy safe
In The street there variety Of opinions tho
security OF he bank but the pro -aus one was thu. the
run vas oil humbrg One gen smAn the anx
crowd that they were only hsmmerDg nail In their o-n
coffin Another declared The Park Bank the safest in the
csy and sAied thai he knew there $3.50 900 In the
vaults, while the ssue only amounted Sbs 600 Evevy
BODY seemed think the others ros for
nlrs on me banx all but the run continued vigorously
Inside, a. many permitted by tho police TO en-
ter phie wstips for their turn at the Teler desk
engaged peepng through the gsuzs wire 1t the
operations going inside from which the pleasant ciink
Ing Of gold cond be heard ana seemed give assurance
TO the neede sy multitude that al not lost
The cashier exered himself sienuousy In auA5ng the
excitement He begged OF those who wanted IN sir morey
10 step In and get H. but impored hose who were shore
only through tale curiosity leave the ps and not add
10 lhe excitement by their pre-
BE- the assis Ance OF The officers the sidewalk was kept
oompas avely clear but the vile OF um tbs other
aide OF the street was oiled with people, well the
ire OF ,be ssrse until The ron over The s,sat OF
few bags or god which were conveyed into the side
and the oheefo Of several geatemen the
street, hid the effect or ssyrg good deal o, he excite
mens and Al ono occcs the panic seemed TO be over
SUSPENSION OF THE BOwERY BANK.
Early yesterday morning there Was run or boh de.
postors and billholder the Bowery Bank which
ipusd until the afternoon when the bank oompelle
% stop Application made 70 several ether banks to
extend aid, but they refused By the last report Is
appeared tha.sheir specie bni s22 1885, which Of
course exhausted In . few hours and suspension be-
cane inevitable.
CENTRAL BANK OF BROOKLYN.
SUSPENSION OF PAYMENTS AND TIE APPOINTMENT
OF A RECEIVER.
There much excitement In the neishborhood OF the
Central Bank yesterday morning II understood the
day previous that the bank had suspended pay men and
long before the time opening dosrs large crowds
OF depositors and oshsn gathered about,
On Thursday afternoon last David g. Quimby de posi-
TOR and stockhoder OF the bank presented check
$50, payment Of which was refused he thereu pou,
through h attorney, obtained order OF Injunction n
Judge sdseye OF The SuPr me Court and also order
calling upon the officers OF the bank show cause Why the
bank should not into Liquidation and be ap
pontet TIE order made reiurnsbie Of 10 o'clock
yesterday MOI nrg, at shich time M Edward Copeland,
prendent Of The bank appeared and testified follow
reside In the city ~ Brooklyn and President OF
Central Bank OF Brooklyn which has been In operation
october TO- 1853 the capital S200, eoo the
OF bills In alton about $50 00o the amount Of depo
si about $500 0o the bank has about 10 secie
hand other cash funds there bills of other
banks under that head but not 10 EXTENT there
ceposiia OF other banks 70 credit; debtor
bank 70 the amount OF about e2b 000 We have sbou,
S4oo discounted paper hand the Oentra the
Marine Bank SIS CO., and they have ooatera paper
amounting 70 SIS 900; the state Of collections during
lat month indifferent there is $50 900 pro
tested paper hand included In the amount OF bills dis
coo hsa been drawn out In the lest
The amount In savings department 10 Included 10 the
Of deposits previously stated; have no other re
10 pay tbe osu, except discounted paper
the average maturity OF he paper wou be sixty days
from this time He stated aso that The bank unable
70 on under present circumstances.
No OBJ sction being made TO the application for the ap
pointnent OF 8 rec-ive' the Court appointed NJ John
Spacer ~ such receiver An order also made that
fast collections amounting 70 S5 900 should be made
the should be deposbod In the United STATES rrus
Company In New York city Mr. Spader has paying
teller Of The bank since ~ anizaon and stock hold
70 The amount OF ~ 900
Tue following 10 list Of the asses and liabilities OF sAe
bank, - prepared by the Receiver
assets,