New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-11-24


81. JONI y b., NOV. 23The financial panic has
what abaied, aud the public confidence slightly i'm
proved telegram from the President OF ST. stephens
Bank holds out encouragement for the hope that
the bank resume business and the value 81 It's
the Commercial BAh selling at 80 per discount
business generally u almost suspended The history OF
Many Of the stockholders IN the baRk have had
ndenee IN the management for some time past and have
overthrow the Directory aud establish new order Of
things 10 is notorious that for years past tedsatsed
ones have rallied election days and assaod the strong
hold butCuy 10 meet Tepulses The officers
changed - suit their wishea nor wac the statement OF the
banks pOEOn made more satisfactory 10 thsn The
Director party managed 10 carry matera 10 suit them
selves, leaving large number OF disconnected st0eod
TO assa the banks reputation IN the newspapers
the and In every nook and corner q the city II
mot the ProYnce sue policy, OF course, engenderod
whispered detrust In the banks resources and was not
surprising, when the bank stick recently offered
for sale at aciOn almost daily large quantities. that
The meager pEJcecds Of the sales should s furherBtm
Mate suspicion and weaken confidence and the report
only ado d to the general dstrs On che baek Of
1s came reeeI losses and these may be said 10 haze
fSe, the nnslHag stroke TO the hank Although for
Ssi iine az the Lercy Of the other banks IL Is known
iss lQr lew months past the COMMERCIAL has existed
.,Siy OH lheh hinerance The back OF Montreal re-
ius1 us paper one day last week and il was GENERALLY
sS4ted that the Commercial would 10 by the board
see%ld time refusal IL paper and after banking lonrs
Nonds aiso refused 1t 10 numerous instances and
mas go rid Of e one WAY or another P"P0 On
which ~ TfHlhg these rush the bank for gold
ANNOUNCE s 1nt iot few minutes only, when 1t
we're a. the management thai specie payments
"A glftuei mat tHa
H. Vas similar pane, the Other Iani,s rsilis2
INC sSPhst OF The CSlemercal-in tbis sas ~, IA
20 -, .n dc u Wa kHOwn that fs ~ ha3 80
a. 49, 'n fhnent Departments gavs r.
"nsss throughout the PROVINCE o. .ot ,s
nave been Received from, NO. M ~
a. Ii ~ - il ne Province showing thot oIS
- Hanu nO Vte1 tlVO OF Commercial notes On ~,
49,, Osffnneht, and g. 900 on aceat =, ~
~. , 0 iOr export dGfS The PosGaBse sns
Son9 ae so Fortunate The New Brunswck i nios wac
ro,,r4 s 40 1ga me Withdrawal OF the eens o.
OF Mety s r pau1; ad 1t was transferred TO The Rsnk
,'nrS y. Inc Money Order branch howexeb snk
.,,,e.t 20 a,gosli IA The Commercial but Mr. UeioGh-
Delng TO Keep the balance AZ small a. 10
Io was at tHt believed ~ hos co,ae
Ae ANAL shh nearly whole skin m seems 0 h Ol
%,oIg EAe0 ,alhOuRh Portion az file dena,ms
HVn ,itS, Aohey Order Office
20 the bahk ~ Montreal there Remained ed s re,
81 the CoulsfciAl Oaance OF f5O0 TIE fnsneetor ta
egIapheu carry yesterday morning 10 ali tbs Once
ana Delng on their guard they have NOT sngsyed M 49,
s vi eoufse tne local Government las been
victim" About $4,000 OF its funds are ~ az. Co,nn,o
cal including 600 belonging TO the Bosrd 81 Works
Inc school warrants were ordered for navnen. In ta
Commereal and although these warrants were due ON
the lst OF November, the st. John Teachers S"re ot %
eIaly apprbed OF TIE money being there unt Etdy ny
saturday when number Of them drew .Rcir
money, and we presume. have t,e Con-
nsTclal notes on hand Others applied ON Tnesav aer
suspension, and the bank kindly gave some ~ hcn
bDe Ao1es oi oher banks Yesterday teachers again an