New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-15
PROGRESS OF THE PRESSURE
CrrrT0PTHE GENERAL SUSPENSION
EXCITEMENT ABATEO.
New.York City Bills taken at Par
ARRANGEMENTS IN REGARD TO STATE MONEY
SAVINGS BANKS FALL BACK ON the LAW.
pgpouToRs REQUIRED 10 GIVE NOTICE.
The Run Running Out.
MERCHANTS ASK ACTION FROM THE LEGISLATURE
THE EFFECT OUT OF THE CITY.
SAVINGS BANKS FALL BACK ON the LAW
pEpouroRs REQUIRED 70 GIVE NOTICE.
The Run Running Out.
MERCHANTS ASK ACTION FROM THE LEGISLATURE
THE EFFECT OUT OF THE CITY.

Wall street yesterday Icu oooA w
apathy. Everybody seemed satisfied that the sus'
pension was the only course to be pursued, and'
although the event was the leading theme OF con-
versatiOn, no surprise and but little dissatissetiOn
was manifested.
The ordinary course Of business, which had been
in q condition Of arrangement and uncertainty
began to take its usual form, and from the chaos
of the past week some promising signs Of order
began 10 appear. OF course, the run on the Dis
count and Circulation Banks in great measure
ceased; but the Seamen's and Bowery Savings
Banks were besieged at ali early hour. In Greer
10 avert the serious consequences which would
inevitably result from the exhaustion Of tner
specie, the officers Of the various Savings Institu-
tons held q meeting, and resolved to take refuge
behind that clause of the law which requires de-
postors 70 give notice Of their intention to with
draw their money. This course materially checked
the flow of specie, and will probably terminate the
unwise panic among depositors. -.
In the course of the day our reporters visited al
the Banks in this City, Brooklyn and jersey City
Below We give the result Of their inquiries:
ARTISANS BANK.
The Artisans Bank is doing very quiet business
II is restored to the Clearing and stands now
on par with its fellow-suspendera.
BANK OF AMERICA.
The business was conducted at this bank as at the
others-no specie being paid out. But few persons
were in attendance and there was no excitement
AMERICAN EXCHANGE BANK.
The business transacted at the counter of this bank
was large. The line Of persons numbered over fifty
Checks were certified ard received depost and, as
in the case of the other banks Din was paid out.
BANK OF COMMERCE.
The Bank of Commerce has paid checks in the bills
of other banks received considerable deposits Of gold
loaned $4,000 or more, and conducted business as
usual. with the exception of paying specie. The
Bank of Commerce receives special deposits Of specie,
checks drawn against which will be paid in specie.
BANK OF THE REPUBLIC.
The Bank Of the Republic refused our reporter in
formation on Tuesday. II was not applied to yester
day.
BULLS HEAD BANK.
Notwithstanding the reports which have been cir
culated for some days past relative to the suspension
Of this bark, it continued TO pay specie upon its notes
as well ar upon checks until about o'clock p. m yes'
terday, when It complied with the advice given by
other banking institutions and suspended specie pay
ments, having between $4,000 and $l1 900 in its
vaults. Quite number Of deposits were made in the
bark yesterday.
BUTCHERS AND DROvERs BANK.
The Butchers and Drovers' Bank, which suspended
Tuesday, with considerable specie on hand, opened
scsin yesterday for business the nonspece paying
bais, giving bills for checks, certifying Others
The officers of the bank express confidence that In the
course of few days they will be enabled to cash
che cks where the amounts are small.
BROADWAY BANK.
At the Broadway the ususl business was transacted,
with the exception of paying specie There had been
run on the United States Marshals Office, and Capt.
Ryndsrs came around about noon for pile Of bills.
A large amount was drawn out in bills.
CENTRAL BANK.
The Central Bank is situated at the junction Of
Fulton and Washington streets and was the frat to
STOP II is stated that this bank is endesvoing to
make settlement Of which it will in due time apprise
depostors checkholders, and others having business
to transact with il.
CITY BANK.
This institution resumed business on Wednesday
morning in all its branches except the payment of
spece.
CHATHAM BANK.
The business at this bank is carried on as usual
specie payments excepted. CheckhoIders exchanged
largely for bills en- Wednesday morning. A few small
specie deposits were made On Tuesday I'll, 900
paid out before stopping. Only $500 remained at the
time Of suspension. When our reporter called at 4
p. m for further information, the officers had gone
home.
CITIZENS BANK.
The Injunction which was recently put upon this
bar and precuded it from transac.ing any business
whatever, was removed yesterday morning, when it
resumed operations, except paying out
specie.
CHEMICAL BANK.
The Chemical Bank paid specis all day. 1t reso.
lutey refuses to suspend. There was quite brick
run from 10 to l2; it fell of then to almost nothing
The business Of the day resulted in dimnution Of
specie Of, say s35, OCO much less sum than was
pected The officers feel an increased confidence in
their ability to meet everything in coin. They have
received deposits to large extent, principally in
specie. One man deposited 80 900. One man said
yesterday that he had about $5 900 locked up in his
safe, which he would send round in the morniog.
When il becomes generally known that If Is deter
mined 10 pay specie there be NO doubt that its
specie will be largely increased. The average amount
of coin in its vaults last week $343 600. To-day
it has 500 900. The Chemical Bank receives the
bills of other banks depcet checks on these depos
its are payable in currency only. This will protect
the bank from depostors who deposi! merely for the
purpose of running it, and viii preserve the specie
value of the old deposits. The President Of
the bark, Mr.. Jones, assures us that he
voted against suspension in every instance at
the meeting Of the banks on Tuesday evening, and
that be can by 10 means be held as acquiescpg in the
vote for suspension. He does not understand how the
vote could have been reported as unanimous in favor
Of suspension.
BANK OF TIE COMMONWEALTH.
The Bark Of the Com mon wealth took New.York