The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1857-10-24
TIE LATEST.

THE LATEST.
The South Western received datcs by
the Sunbeam Of Saturday evening last
There had been no further bank suspen.
sions. and bushes WAS improving There
was better feeling in the cotton market
and sales OF strictly middling had been a,
81 - cents 1t finds the iollowin.
Items OF news
The Picayune says. yesterdays excite.
ment has been followed by compsra tivs
calm but n strong under current Of agta-
ton pervades tbs market, which imparts to
1t an extremely unsettled aud leyefish as.
pect This was more especially the case
in the fore part of the day, arising prnc.
paly from the undetermined condition of
the deposits In the Citizens bark, and the
perpleNing state in which parties found
themselves with funds there. and debts to
pay in other banks Alier II o'clock.
however, this unsatisfactory feature was
removed by concerted agreement on tho
part OF the banks to receive the certified
checks of the Citizens bank in payment
OF discounted notes. but not OF collections.
it being understood NOR cover, tina, no
transfer OF checks is TO be made under this
arrangement but that parties J ing mon>
ey on deposit IN the Citizens bank can
alone have the privilege o; liquda,,sg en-.
gagemeals under the restrictions already
mentioned The difficulty thus far re.
moved. enables many TO use their deposits
aud il Is to be hoped tina. although tho un,
Outstanding is merely temporary, it will be
the means OF inspiring confidence, and
lead to an earl y adjustment OF the curren.
cy.
/ NV YORK, Oct. Gov. King refu>
SEES to convene al extra session OF the Leg.
stature.
Mavor Wood has been re.nominsted a,
Iammany ball by a vote OF % sgains,
l3
NV icRK, Oct. l7--1he steamer
ASA, from Liverpool Bird inst. has arrived.
The cotton market had declined /. lid Id
during the week. Orleans middling was
quoted at o 3,l6d There weio embsr,
rassments 10 the money circles, and stocks
had been thrown upon the market to raise
money The British government had or>
dered an increase OF 10000 men 10 tho
militia force
Business WAS dull in New York, but
things wore more cheerful aspect Stocks
were advancing. Flour. wheat and corn
were improving
The federal executive has minated to
the banks of the District OF Columbia that
II the, do not resume specie payments they
viii be placed in liquidation.
CtNciNAri Oct. i7.--A, meeting OF
our bankers this morning 1t wa. resolved
to receive at par the notes of all New Orr
leans banks. and all bills bankable a, New
York, Boston, Philadelphia. and Baltimore,
Tue announcement Vt this fact caused
great improvement in the money market,
SusPENpIp.- i'he mail last nig ht brought
Intelligence that all tho banks 10 New Or>
leans suspended specie payments on the
evening 81 the | l'h inst, with the excep.
ton Of the Citizens the Southern, Louisi.
sua. Canal, Louisiana State, and Bank of
James kobb, which continued to pay gold
in toll Tor all bills presented up to the hour
a, which the mad closed. ihe Bank Of
New Ofleans had been placed in the hands
OF receiver There was great excite>
meut throughout the city .-- South Western.
\, the annual meeting OF the s,ockhold,
ers OF the Nicksburg, Shreveport and Tex
IA railroad the following gentlemen were
elected directors Tor the ensuing year; l..
VI. Matt, OF Caddo; " VI Burns, Of
Bossiet; Sack = Gee. of Claiborne; Jno
". Wehb OF Motebouse b VI pugh. Of
Madison; " \. Lake, of Nick.burg DR.
e. II Dahbs. John Roy. Dr. G. G Young
G. II Morrison. J. \ /. Richardson. job.
/ Sterling, Jas II stephens, +. = Stubs.
aud ID. Iao,A. OF ouachta. The directors
reelected DR.. Young, fre,ident, O. D. Still
man, secretary. aud Joseph L. Mcclure,
treasurer South Western
Iur EARruouAkE N Plata letter,
dated Puta, ia city in Petu.l August 30,
says:
AT o'clock on the morning of the 3oIh
the most severe shock OF an earthquake
ever remembered was felt there, which has
done damage to the amount OF $500 900
he shock lasted abou, minute aud forty.
five seconds, aud every house in The town
has suffered moro or less. The police have
had ono hundred and twenty two houses
taken down that were in dangerous state,
aud u number OF churches have been conf
plotely destroyed The damage done 10
estimated at 500 900 The river OF puira,
which has been dry. suddenly rose ia
other places the ground opened and Jets OF
dark colored water we're ejec'ed, There
IS no record OF any similar phenomenon