Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1857-09-30

The intelligence received yesterday from all quarters
was indicative Of return to healthy state in the
financial affairs of the country.
The announcement OF the suspension Of specie pay
mens on the part Of the Providence banks seemed to
have little effect upon ohapgeeth in New York or Bos
ton In this city, Proviierce money freely taken in
exchange for goods wherever offered and the banks
here have no thoughts Of a suspension
The only new filure OF Importance announced in Bos-
ton, yesterday, that OF Hall Fowe, domestic com
mission merchants. oo9
/. The Journal of last evening, says;
At the Board, yesterday, there was very little doing
Boston and Maine and Worcsa sca-ce and in de
mand All other stocks were dull, and bank stocks went
lower than they have been for several years.
Honey matters do not improve and the best kind Of
paper with tue best Boston bank endorsements Of
Tered at two per cent. month discount.
John Pu 1eWett Co., book publishers failed on Saur
day and yesterday Hail Fowe. commission merchants
on Federsl street, were reported.
The failure Of Garder & Co.. Of New York created con
Siderable surprise here. in these times. The pay
meDts for the next thirty days million and
currently reported that they offered $500 600 for
sstance sufficient to carry them thorough the crics
1t has been feared in New York that the Boston banks
woud be obliged to follow Philadelphia and Baltimore
and suspend specie payments but the telling here is
our banks are gaining strength day after day. and that
they will ride through the storm bravey The amount Of
specie In their vaults now exceed $2700 600 and New
YORK funds are in good supply. There is good dspO.
son on the part of banks business men to exer
else sound judgement and discretion in regard 70 atur
ing payments and much assistance as can be rded
is cheerfuly extended.
TUESDAY, Sept Gel D. M
There is no excitement here to day and evidently more
comfortable letting Several failures were reported this
morning, but there is no truth 10 the sore The suspen
sion OF the Providence banks cannot have much effect
here as tendency of specie towards specie having
points ard therefore banks likely to gain largely
They have gained 500 900 today.
The New York banks voted this morning TO discount
$1,000 000 which will have immediate relief to their mar
ketand in the natural things Boston will receive
large portion of it.
From the New York EUeNing Post Of Monday.
The undersigned having been called upon to give their
opinion as regards the effect likely to be produced upon
the banks OF this city by the suspension the institu
uons oil the neghborng cities epy that it their de-
cded opinion that the banks in the city Of New York are
in safe and position, and thai they can ct only
sustain THEMSELVES as specie paying banks but from the
natural How Of coin and produce to thi, point as CON
mon CENTRE that they will be enabled to furnish
further and more efficient aid to the mercantile comu
nifty.
A. P. Hasley, Vice President Bank of New York
J. ]. Palmer, President Merchants Bank.
7. TilestOn, President Phoenix Bank
s. Knapp, President Mechanics Bank,
+. Doming President Union Bank
" O. Halstead, President Manhattan Company
j. i. soutter, President Bank of Republic,
h. Withers, President Bank of the State of New York
]. 70. Williams, President Metropolitan Bank
Thomas A. Booth, President American Exchange Bank
From the above it would seem that there need be little
apprehension of suspension of specie payments in New
York city, and New York does not suspend there is
very slight probability that the banks of Massachusetts
will refuse to redeem all their bills in coin