The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-08

Tai immediate lab iities ......... sl'T 703 600
The total amour, u specie held by all the banks in the
STATE the cay above mentioned sl4 $40 900,
dcar coin % raY eight dollars and eighty nine cents
TIE a5vance u the checks and cash items 10 the i'm
1er.a sm0unt 70 s25 7S7 900. as immediate means,
tuy g-esonis the pcsiion Of the banks favorable
sli tie facts viii admit, 70 say nothing as 10 the
do15t'v, pro9ri'y Of calling loans to brokers mme-
M operation Of the banks Of this state had shown IN.
us.a lead Dess fror The December, 1855 quarterly
pot 20 The June 1851 repor increasing then oans aud
DISCOUNTS from fls3 bb1 900 in December 10 t10 SOS go
J.. Jusc also increasing their coin from Gil 3e3 900 10
s4 go 800 during the period The only weakness,
n may the term. shown by their June statement
wa increased liability 70 Their depostors tina, line
rs5g from sps 900 600 70 7loi 900 900, while their crcu
a!o sei abou, VI ooo 600 during ths same time .,,
excite the fears Of The most asuie and umorous banker
the Sts,e Foreign exchange ruled rather IN favor
tcf by which the banker saed his bark lie could re-
member, perhaps wien be was driven 70 the wall by
fJrern dernaae Tor coi- but he Little dreamed Of
tny his oyr chip with the very earth eeming with az
Tpeir portion na the sixth az June we ace now was
Q. great danger Experience for the rss time has
sh1sn Che bankers 81 New YORK that there such thing
A. supesdng speoe payments from an Internal demand
IT, maths Of June. July and August passed without
setIl sboggh steady and increasing strineency was
al couftry shown 70 the country bankers by the
crea smpsnt ~ Their hank note refemPhons 70 we
cJ Usnkef by Increased offerings for discount and the
mr. allure o. the Ohio iife and Trust Company, with
la-re business connections in New YORK and OF good
t.dF VA the hrst distinct mottering OF the storm 50
eos, oyertake TINS followed by that o. the
a. chancs Banking Association Of New Ypk, Of the
fet free banks the state The suspension OF the Penn
pyvaua and MARI banks followed Two three Of
or Incorporated beuks stopped and wen, into the hands
a. fcCe rers. still, but little or no panic had sexed
frpoors holders. The faith Of the people OF the
sair rcma oed mistaken IN their banks and currency
~ bank went 10 protest until the 9Th Of september and
tia o1y Cor t2j0, by broker. Gu the lAh another,
ard ancther on the 18th. all for small sums
While there quiet demand for specie IN small
-t.1f.f 1..al Nth she uantf
a. pfevu and although occasional runs were made upon
The savings banks, they sul,.ded In day or two.
A september drew towards ts close the pressure upon
the country banks 10 redeem their circulation al tho
neyopol Ia and American Exchange Banks was hey ond
rrcceeut Those banks began " throw out the notes OF
ecnn. that might poesiby be called the weaker onc.
c-on Of the Interior banks and bankers began, about
hs Do Of september 10 return their circulating notes
ard withdraw such amounts 81 stocks A. the construc
to gven By tha department " the acts Of lss0 aud
taa4 permtted In other word b. reduce their securities
a Of Do 900 an ston. and 5000 an individual
ba1ker
m oou became evident that some of the country banks
arcl ary those whose capital was mainly N Their seca.