New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-24
EUROPE.
c.,,,,red from Fir.t Page.

intervention ard having with his colleagues fy con.
frcd he matter they lad determined 20 address letter 10
the SS'' ,e 81 isl7 and i-5s was To- Saw that Il
proceeding their usual prudent rules Of administering The
Me q legitimate commerce and make such advances OF
sooh discounts would require Of notes beyond the
RECOMMEND them not to hesitate for momeat n doing
and undertook IN the event Of that contingency arising 10
make Immediate application TO Parliament icT an net o.
nS,HuI ne 9-o9 as p W. go cS,ersivcy pre-
doubt that the general trade and business 10 most SOUND
rahs sb arose Nom causes which wfo9i expressing any
'Iin to theT origin and souacnos were Of peculiar
''O ~ Fsos Tie London Times. Ma, H.
II any hing can justify a Suspension Of Tie Bank
Charter Act the panic which Hayed The city to and tro yes
trday excuse the step although we believe Tat the reign
.tciIor alrea approaching ~ end, and woad have
speedily cessed hal 10 inraeton OF he law been rme
Even probable that the Acenfe allowed 70 'he Ian.
viii Lot be used IL cannot however be denied Lat ABOUT
midday yesterday the tumu became rou NE door, OF me
respectable banking houses we're Jesieged more
isep mob together than by creditors banks ard
ihrongs heavng and trmbhng thout lomhards'tet n"u
.es was such as has not been witnessed since The great crisis
of indeed The ofhe few Survivors Wto toaIei
81 Yesterday Nothing had happened since IN CAV toe
TOR q recently established oni.stock bank involved TO
comparatively slight amount had thought Pgdent 20 avon
ne r1n tfcy fo1esaw by suspending raymen. bat
q was known and confessed that the assets OF
lie company sufficient 10 meet al Us
liabilities aud 10 leave considerable snIlNs hsno 10y"
like false IN the Laureaes legend ian r9'
among MOBILES, names and left no reputation ynasSaied;
Bach exaggerated tie suspicious q ls hoshuor ana
report that nGfOanted cIevated N me
ooSs' .L@t e oe m se xen n Of Geo beyond The
limits che Bank Charter Act u seemed as me
ne tiitlen Even lie snrour cement that
when h"q 40 % , tS t rayrt with liabilities
amounting Geo did not revive ne panic IN Us hrst lDh
,ty and The statement Consolidated Discount Com
nav and the Imperial Mercantile Credit Association had
stoIed produced little effect Men lad herlG 20 reflect on
t circumstances which INSPIRED them with such
bind alarm and is able 10 assert ITS claims
attention its influence on increasing until acquires
Government stood the panic woud have subded Of itself
ASHAMED OF yesterdays madness and # expect, con;
hdeBee be speedily restored SHAH attribute 70 natural
Government
ExcTTMExr IN LIVERPOOL ASD MANCHESTER
The London Tines, May r.
AT Iiverpool the alarm which had existed on
Change days reached climax Yesterday on ile con
Armed announcement Overend Quincy Co.'S SUSPENSION
RnmoIs Of difficulties in local mercantile enees and Tie al
II the rate Of discount added TO The e4e'eneL me
been Anticipated but IN the share market business Was per
sSroupeed The suggestion in the city article Of Tie 7n
deputstOD OF leading films Should wait upon rug ILah
io maj such course might be adopted when
arrived suspension OF the Bank Act received with
store confidence the close of business much more
cheerful tone prevailed Dorng the day i've or SIX Oh tle
doors occasioned slight one or two Of the
foea establishments which however promptly met
At Manchester tie market was perfectly paTsIed !sseI
morning owing TO the the intelligence OF MessTs over
Of the afternoon regarded TumoTed assistance to
Me.sr Overend Co. and Of extended powers TO TIE Bank
Of England there considerable and people
beathed freely though there was little disposition to do
business shipping the offers making yesterday
morning could only regarded ridiculous buyers IN some
cases basng upon low Cd d. spnners
snde did not attempt business and many
thought advisable to withdraw Their stocks Very
he disposition in fact either by buyers sellers
10 do business under the panic feeling of the hour In the
quotations advanced again 10 the point they
previous day but there nothing dong and
much prevailed In home trade there was rather
disposition operate and prices lad recovered om the
gTsA fail of The morning In cloth market the morning
feeling quite strong as Ia any branch OF bn
sess Some manufacturers willing 10 make considerable
concessions but buyers ndpOsed purchase almost on
Business closed in the afternoon with
confidence though there had been business Of any
throughout the day.