The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-09-03

The crash 80 long Anticipated. sBd conf
den'ly predicted baa come at last, bus is
FIRST effects have not beal fet in the West,
an our Eastern moni'ors prophecied. bot in
the Fast. The eaiss has not been speeula
tioas in Western iaisIs, bat the reckless %.
era'ions 81 the Eastern bankers in railroad
stoeks
The first failure, and the ono bringing
ruin ~ others, has becu that Of The Ohio
Life Insurance aad Tras, Company. The
principal Office Of this firm ia in New York,
bat il has e branch in Cincinnati The
Ne. York br~ach slspeaed N. Monday, the
2{th, ard tho Cincinnati branch 90 the day
following.
Jous IgonPsos. the noted New York
banker, and publisher Of 7hoaspso,.s Ds-
feefoT, has also failed 10 heavy amount.
The following Geographic dispatches give
us ali the Information yet malle public:
NEW Yoss, Aug. rs.
II ~ ci'rreatly reported that Messrs. De
Ianey, lseiin L Clark, bankers, and John
Ilumrson. banker and broker, and pub
Usher 81 the Counterfeit Detector. have fail
ed
The liabilities Of tbs Ohio Life Insurance
and Trust Company are estimated ut from
c5,0D0,OO0 10 s ,0oOG00. About 300
900 u cheeks, paid 0it by the New York
Agency on saturday and Monday, are an.
raid.
Brown, Brothers Il Co, and others have
placed al attachment upon the aaseis IT tbs
'ompAht 90 l0fegn corporation AMI The
,S.ia..!I e.eI bis !a,alls.s 49,. - ehs se 81 IL:
Jf'iec aud property Tho immediate enbar-
rassnent Of the Company arose, we under.
stand, from ia Inability TO meet loans made
by Il Of some banking house in tie street
Tie proceeds II these ioaps had been uscd in
sustaining Western Railroad Companies,
one Of which is aaid TO have received al
yanceb exceeding half million.
The branch Office Of tue 4 l., l. Il 90. in
this ci'y, Is 40. IN possession Of iha sheriff
Some ostGc principal attachments are ia bc-
half q The American Exchange Bank s441,.
900. Ocean Bank $40 900, Brown. Brts.
& 90. 100000, There aIe large number
81 others for staaIies amounts Tho aivaDce
to the Cleveland and fittsbnrg Railroad are
mentioned AS among the moet important
made ~ lie COMPANY
L,rrR-1he assets Il Mr. 1hompeoa
arr largely 10 bank notes. not available ut
present, nui other securities, alike of small
vaioa IN the present excited state Of the
mnfSet.
1hr emhafra84mgrts Of bolany, Isclin Il
Clark thus Ear are only t. their stock busi-
nes+. 'ipe houses. however. arc understood
TO have purchased some exchange on abort
time.
The allaii Of the O!Iio Lie Insurance and
Trust Company arc freely discussed in the
street /, - stated that the Cleveland e1a
PittSburg Railroad owes /, $500 900 Ion
which l'e bon'lS are pl@l,ed The Bank
Il Norwalk has its accom-. with thc Com.
pany. and repor'sihat its fur,ls, AZ well as
Us collection pap, have been usel by the
Trust Company III common With the colioe.
zion paper of other houses.
TIE funds Of many western travellers are
made unas ailahle causing much lueonyc-
nieuce, NJ statement tu- been made Of
the Affairs a the Company. bat Il is under
stood lha, within frw days fiil espos-
ton VIII b. made.
T.. :. Monroe, bankef is reported Glilud
Attachmeu. n tho amour, Of Sle0O0o
against the OHIO ttle Insurance aud trust
Go, have becn issuod today.