The New York herald., 1866-05-22
A-fsrusisn battery eight s2-poupders
D-PeruvMn bAttsry-six s2poanders
C--Pcruv,sn battery-two soo-pcuuaers tArmstrons
on iron turrets, blown up.)

Hon sterling must with es,~sm,ty Asdvy commitments,
pass into liquidation.
During the day the most intense anxiety mani
tested any stop hsd been taken by leading
merchants and bankers rcprcsent TO the government
the extent Of the cris and false notification the
Stok Exchange the ccct that extra issue OF bank
notes to the extent millions had been authorized
caused time gea eral rebound in prices.
Later the evening transpired that the government
had resolved suspend the Bank Charter act
The assets Of Psto Belts, under the most de
pressed circumstances. estimated At ave millions
sterling aud il is confidently assumed that In short
time proposition for The adjustment OF all claims can
be submitted Every will hope that this may be the
case for Sir Morton Peto and his partner rank promi
ncntly amoua who have carried the fame Of Eng
sh enterprise all parts of the globe while they have
commanded high per-ona regard In all nations among
their countrymen.
II 10 already known that several failures among deal
will he announced in connection with the approach
ing half monthly settlement on the Stock Exchange
large number Of country bankers were In London 10
confer with their London agents TO provide against all
danger from local runs
Rumors were circulated IN course Of the day of
severe run on bank Of Barnsts Hoorcs, Honbuvy
Co. but they were entirely without foundation.
There vas a run upon three o,her banks bu,
being well subsided
Both in London and the country ample preysraions
we're very generally made for such contin nsencies
Ths london Dasy Neps ssys there s = complete reign
Of terror % tire Stock Exchange, where and
persstnt speculators for sl, possess for time
pete Of prices American securities share
the general duasss and all quotations are lower ssite
thwa scrcalar says the fall wsud have probably
much creator shere had large purchases for
shipment 70 America Al Liverpool great depression
prevail. In cotton other articles and there has been
complete COLLAPSE IN that town The cxrsordi
nary speculation pig roa drove the prces up 70 "a
and Sss
I'm the freight MARKET threatening aspect OF ssr-
created var premums chsny Prussian, Austrian and
italian bottoms but the rates somewhat lover
war risks we're being paid spanish vessels ba
tween spain and the West Indies.
PANIC IN TINS rsApx cxsrHxs.
In the Iavepeol cotton srke, there increased
panic si the oonmenceusn, Friday May III bus tess
unstsadinsse st sbe.coss
A. Manchester there . complete pause
Al Glasgow The brokers resolved TO suspend b.sL
Ip ,hs prodrce markets ., London price. we're aims
wholly eomiHsl
rakins seeouut ,be depreciation that has sms'
taneousy occurred English funds railway and fore q
sscnrisies Ac the dimInutcn In the market value Of
ihh property the beginning Of the year may b.
cenesdsrcd 10 re~ch hundred aud thirty millions
serlss ssy nothing OF the icsses cotton cotton
socdk, iron and sthcf articles
RrrRAoRDfxAa Aay scESRs IN LonsARp sTnEKr.
me London rs.-s IN editorial, says, n anything
can justly suspension of the Bank Charter act the
panic which svHyed The city 10 and fro Friday MAY
NJ may grouse sAs step, although believe the r~o-
s<ln~~ sprvc~ching Ia end and would have speed
~ cssssd had no infrsction or the Bank Law
been p~rmiusd Even now IN probable the
lsss~s allowed 10 the b~nk VIII not be used
n ssnpos, however, be denied that shout midday
yssispdsy the t1mwK bscsne a yom The doors Of the
responsible banking houses were bcssesd, more
perhaps Nv ~os sc,s~s>d BY s~aac, sy~snhy wAsca
rst9 esd Keeps mob bsetAsy, tAan by the creditors
banks and throngs Asa~srs s~d fsr.bss~e abcsf
'''. street made thsf narrow tborourhfArc
p"p.~os - ercnsmeni ell sides has mot
hen v'ne~ea "Hs~@ A< grssf evirs o< iA2s
Es man sxsgfsrased the ss-, NJ h,s u.,-a..-
and units a rspsr', st that time unfoun~-s =. .--.,.
ed In te afternoon that the government had s.-.,-.x
the bank decsops issue Eve millions additional m
notes a . e@ed II the fear and dstruss Of the CON-
msrusi wo vd had suddenly become boundlcss Tbs
statement wa bsseess al The ,me but TO siay
The panic whh,h had no solid foundation Even tAssn-
-..Rsemeut Of Psto's Suspension did mot revive shs
',..,..,s s-s ,s,essay, and the statement of other
ne london Ne ''''s ssse
-. 80 ,ss uaAss-wt need TO bs psvsusSss
rsbsoed ,s..f and n AZ " erA ths panic would have
ON b. .,e.Asy r.sor.s, ve ,ssa .srpeet eonhd'nes
'-mso pssarai