The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-05-24
The Eject on the Country.
!: - IIXfRpNnI

-.
At Liverpool the alarm which had existed on Change
for some days reached climax yesterday on the con.
Armed announcement Of 0velend, Quincy and Co sus
pension. Rmors OF difficulties in local mercantile
ces and tn advance OF the rate Of discount added
excitement The effect on the cotton market not
might have been anticipated but In the share
market business was perfectly paralyzed and
temporary suspensions announced The suggestion
in the city article the mes that deputaton of ean
ing firms should wait upon the Chancellor OF the Ex-
cbequer with request for relief led 10 the hope that
such course might be adopted and when the news
rived Of The suspension Of the Bank act II eived
with cheers. The immediate effect Of this intelligence
store confidence. and atthe close Of business
much. more cheerful tone prevailed. During the day
I'VE or SIX OF the London banks were positively reported
TO have shut their doors and this occasoned slight
on one or two OF the local establishments, which was,
however, promptly met
MANCHESTER.
Iron the Manchester Guardian, May III
Since Tuesday business has been conducted on q very
limited scale. Some transactions occurred Wcdnes-
day on the part Of manufacturers who very bare Of
yarn and obliged to buy something TO keep their looms
going To-day, however, business mas been completely
suspended, sellers not even attempting to find buyers
until late In she day, when few purchases have been
made, somewhat better feeling having arisen on tbs
announcement--which has, however since been shown
to have been at least prematurewof the Bank
OF England being allowed 70 issue an extra
f5,000,oo0 Of notes. and double that amount II
necessary. Great anxiety, however, prevails. The
present state Of things is not TO be wondered at
sidering the intensity of the monetary crisis In tho
metropolis. The announcement Of the failure OF
Germ like Ovcrcnd, Quincy Co., although It scarcely
enjoy the reputation which once possessed, fell like
thunder clap ON The community and Is Sufficient for
time 10 pdrdiyse commerce and dry up the rey Of
credit
Nonwlcu, May II, 1866
The intelligence Of the suspension Of Ovcrend Quincy
Co was received in this city last evening This after.
noon the Mayor tMr. w. r. kichols) convened meeting
Of tho czens at the GuildhaI for the purpose OF ex
pressing entire confidence In the Norwich house.
DERBY, May II, 1860.
The received this morning that Oycrcnd
Quincy Co.'s Discount Company had suspended pay.
mont caused great sensation, there great num-
Der Of holders Of their stock In Derby The panic was
increased when at nine O'Clock, instead Of the Derby
branch OF the English Joint Stock Bank Company
tmited) opening lis premises usual the following
notice was posted the door-"Ths bank has stopped
payment for the present." As there a great
number Of shareholders IN Derby, the excitement
throughout the day has been very great
BRIGHroS May 11-Evening
Thu morning the utmost surprise was caused by the
announcement affixed 70 the door Of the branch OF the
English Joint Stock Bank "rhis bank has temporarily
suspended payment" when the intelligence got nosed
abroad considerable excitement ensued The branch has
only been established about eighteen months, and the
business Is, therefore, comparatively small There are
however, VIC believe about hundred and thirty
counts and there tolersbly large deposits II
the estate and securities do not realize wc much
yenence and suffering likely In this locality
the customers generally being of . class who can III
spare any losses.