The New York herald., 1869-09-30
Total. SO, 900, 600

W. ii. Whittingham.. 10000 1871, comp. iis.Ss
Total. ........ 100000
THE NATIONAL STOCK EXCHANGE
was very quiet all day. But few parties engaged in
gold transactions, the sales amounting to about
$1,000 OOO gold opening at 1907 ana selling up to
1873. The average was 1872. small number OF
outside operations were made at lower prices, one
sale having been effected at 125.
THE GOLD EXCHANGE BANK,
which had been very quiet throughout the morning,
was visited, about eleven O'clock by Mr. Augustus
L. Brown, accompanied by Deputy Sheriff r. j. Han
bury, who announced to the bank officials that he
had been appointed receiver The following is tie
order making the appointment
At special session Of the Supreme Court OF the
State OF New York, held In and Tor the county OF
New York, in the Court House In the said cty, this
2oth day OF September 1869, present, Hon. Albert
Cardozo, Justice.
Charles ]. Osborn vs. The New York Gold Ex.
on reading and filing the complaint herein duly
plantin, and on motion Of Field Il shearman plain
tis attorneys, 1t Is ordered that the defendant the
new YORK soa @ Ban is sn
Of them refrain from exercising any OF
It's corporate rights, privileges or franchises,
Or demands, and from paying out or IN
any way transferring or delivering 10 any person
possession Of the defendant and RON receiving from
Its dealers any balances due from them, and rom
clearing any OF accounts OF dealer, ana ITOu
paying to any person or persons whomsoever any
balances which may appear py its books or by said
OF Its dealers TO be due to them until TIE
further order OF this court.
And Is hereby furher ordered that the defendant
show cause before justice OF this court at special
term to be held at chambers, In the CITY Of New
YORK, on the first Monday Of october, 1869, at ten
O'Clock A. NJ, why receiver OF au the moneys,
ant should not be appointed, pursuant to tho pro.
visions OF the Revised Statutes In such cases made
and provided, with the powers and authority con-
fnteen N
p!aDiT should not have such other and further
relief as may be Just; aud in the menntime and until
Brown, ESQ.,, Is hereby appointed such receiver,
upon bis presenting to this court. or justice
n gooa and hv pong aa 70 me 81 o.
in the penalty Of Ten thousand dollars. Entered.
A. CARDOZO, Justice Supreme Court.
The officials Of the bank at once turned over the
keys to Mr.. Brown, who, assisted by the clerks. pro-
ceeded TO take an account OF the money in the
vaults. The doors were all kept locked, and very
few persons Of the great number who called were
admitted The examination OF the aflalrs of the bank
was protracted until late hour and at six O'Clock
the place was as silent as II it had been
stripped by q mob. Deputy Sheriff Harbury,
accompanied by Deputies 7. A. Sullivan, j. Thorp
B. Gillian, W. J. Mansfield, G. Clifford and A. Miller,
remained In charge OF the building during the night.
It Is reported that the examination by the receiver
discovers cash assets to the amount or $500 900 IN
the bank
ANOTHER INJUNCTION
was Issued yesterday by Judge ClerEe against the
Union Bank, at the instance Of the Erle Halfway
Company, to restrain the bank from selling or dis
posing Of certain stock OF the Cleveland ana Pitts
burg and Toledo, Wabash and Western Railroads.
LAST MOMENTS OF LOCKWOOD & co.
Busy feet patered up and down the side entrance
Wall street to the banking concern OF lockwood
& Co. throughout the morning and afternoon.
Rumor said they failed, it said OF many other
houses. Through the entrance on Broadway a con.
inuous stream Of people kept pouring in for several
hours, many looking anxious ana inter-
ested, and others merely curious to learn
what was going on. The reporter of the
HERALD dropped in during the course Of his ram
bes through the busy scenes around Wall street
aud inquired for Mr.. Lockwood, but the gentleman
was just then and for some time afterwards en-.
gagged in serious consultation, few blocks from the
bank, with Mr. Benedict and others, on the emer-
gencies OF the hour. There was no such excitement
around the banking house OF Lockwood & Co. as
might be observed in front Of Smith, Gould & Mar
TINS, despite the report that the former had abso.
lutely failed. Some men walked in, scru-
tmized the appeny.nce of things asked
question or two Of fsS apparently seifpessessed
clerks and then walked cut. Others entering Rer.
vousiy, abruptly inquired il their deposits were all
safe OF II thef money was convSXcns and could be
then and there furnished without delay. one man
wanied 80 know II his $500 coad be handed TO him
across the counter, as he had lost confidence in
bankers and brokers and would never more have
dealings with financial manpulators OF auy KIND.
He desired to see Mr.. Lockwood, but lie was re.
pcatedy informed that tue gentleman was out.
lDcreduone III spite Of all assurances conlrmatory
OF the statement, he started for the room wherein
hn,1 nfth all ht,
gnging omen the door, walked boldly H. only
to and number OF empty chairs and vacant
desks. Thereupon he turned on his heel
aud disappeared into Wall street, uttering
imprecatons, not loud but deep, against
banks and bankers generally. The reporter OF the
HERALD fell into conversation with attach6 OF the
bank, whose candor was hardly equaled by his
Intelligence and suavity.
REPoRTER-I lust called IN to learn now matters
stand IN this concern Have you iai!ed, or what9
ArrAcHE, (sming)-well, some people thing we
have, but we don't look much like an lnsovent
concern, do weS
REPoRTER-Well, If yOu are you take II uncom-
monty cheerful. But what causes this rumor?
ATrAcHE-We have suspended payments. We have
done this in sef-defence, otherwise we might be
losers in this excitement to an indefinite extent.
The result Of this temporary panic Is 10 substitute
an almost universal dstrust for the wide prevail.
ing confidence that heretofore existed. For the past
few days business has been done by certified checks
where was never snecessy OF this concern to EN-.
ploy that medium OF security before. In suspending
payments, 1t is true. additional alarm s occasioned
in the already over-exclted minds OF people, but
these who Know the character aud standing OF
Lockwood d Co. have no apprehension tnat 1t
means more than q simple provision against possl-
BILE loss There Is an abundance OF means
to meet whatever demands we may have
to sustain, but we first intend to arrange
our accounts in such manner that those who have
dealings with the bank ana whose credit stands
highest will receive first and earliest attention.
REroRTER-Whats the prospect ahe.ri
ArrAcHE-As far as we are concerned am pre-.
pared to say 1t is only temporary embarrassment.
All will yet be well.
with this assurance the reporter started out, and