The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-09-28
Exchange Bank given to the plaintil were io
100000 set oil against t.

n DI ana tIe Ne,o iorE GioM ErrAa,sge Bean.--in
tEis case an Injunction was issued against inc
defendants restraining the Gold Exchange Bank
from pay Ing check for the sun of o00 deposited
with The bank as security Tor the return OF bor-
roNed gold.
AND ANOTHER Still.
J. Edioaf1 Eastmon9 rs. fiordHder q. Wooo.
James q. Rfecb ana tie Ne50 York GOid F1chda9e
Baat.-ln this case an Injunction was issued re.
siraining the bank from paving the sum Of $4,000
now on deposit 70 the credit Of Wood RiecA TO
| the said Wood & Riecs
LEGAL CHECKS PUT ON GOLD CHECKS
Henr1 q Hardy d.1d Freeerics hsrdU y. Rober.
| Wdtter ana The Nelo YORK. cola Exchange Bdnk.-tn
this case an injunction issued 10 restrain the
bank from paying to the other defendants the sum
OF sS5,so3 49, deposited By plaintiffs with said bank
a. security for the payment OF borrowed gold to be
returned TO the said Waller.
CttdireD As9tcoyth ps. TIE Nelo YORK. cola En-
change Bddo disd TIE National BANK % commerce.
In TINS Gaze an Injunction waa issued restraining the
defendants nom parting with certain checks OF
p.alntin given in gold transactions.
Nc,cc from ihe SabJrreasury.
| The following notice has Just been posted in the
| sub-TreasuTy:--
NOTICE.
UNITED STATES TREASURY,
NEW YORK, Sept. u, 1859.
The following instructions have been received at
Inns Office TINS DAY nom The Secretary OF the
| sIR-You are authorized 10 announce that you viii
sell IN the usual manner 6 000 600 OF gold on each
Tuesday and friday until the Isl OF November, and
that the frst sale viii be made tuesday next: also
tnat you win continue the purchases OF $4,000 600
OF bonds each Wednesday until November !. The
sales aud purchases hereby authorized are in addi-
hon to the sale OF gold and the purchase OF bonds on
account OF the sinking fund which VIII be continued
without change; also further letter directing chat
| paymeat IN currency must be made for gold at the
unie oi delNcfy. DANIEL BUFfERFlELD
Assistant Treasurer.
| The Stock MARKET Deniorali2ed.
| SAD havoc was made IN values By the deadlock In
| the Cold Exchange. Throughout portion OF the
day a regular panic prevailed. The inability of the
people TO get money ont Of the Gold Exchange Bank
| ana the extreme s.rngency in money forced the
stock houses to let go their stocks There was
| general crash ana stocks were thrown completely
| overheard The sellers were OF course largely
| IN the majority, the buyers being extremely few.
In fine, the proracted difficulties in the Cold Room
| completely demoraZed the stock market. More
| over, the sringency not little aggravated on
| account Of number OF Tue banks calling in loans
| and requiring "a heavy addition to the margins.
There was, however, steader feeling towards the
close.
| The Supposed Suspensions.
The rulnors Of the several suspensions were in
| many instances un.ounded. A note from Ward q
Co. is to the effect that the report their suspension
is entirely unfopned; While IL appears that Drexel
| Winthrop & Co. had no interest Ia the gold specu
| lation, not having borrowed or owed any money,
but, on the contrary oaning largely to their friends
1t has been stated IN these columns that any
firm had actually suspended IN consequence of the
crash though 1t has been stated that many labored
under temporary embarrassment owing TO the delay
in the Clearing House. Some OF the wealthiest firms
| in this city have certainly felt the influence OF the
| speculation. Ii is expected, however that even
large number reported to have suspended viii, when
| the statements have been made, come out all right
Tie Nationa. Banl<s of This City.
! Charles Calender, the National Bank Examiner
states freely that every national bank in this city is
| in sound condition and conservayely managed
Also tnat the Tenth National Bank Is to-day creditor
| at The Clearing House for over half a million Of
| dollars.
| The Tenth National Bank of New York.
WAsHN6roS, sept. 81, 1859.
| Mr. A. [. Wyman, cashier or The United states
| Treasury VINO went to New York on Thursday last
| TO investigate The affairs Of the Tenth National Bank
| of New York. is expected back to-day. The capital
of that bank Is 81 oO00 Oo and 1t is reported that
| during the gold excitement last week the certificates
! OF indebtedness issued by the bank amounted to
! S37,oDO,0oe The attention Of secretary boutwell,
/ was called to the "comerng' efforts OF Wall street
| gold gamblers on Wednesday last, ana when IL was
minated that this bank lin the 'ring the secre-
tary determined ascertain tho truth OF the report
| Mr.. Nyman has sent several de allied reports Of bis
tNvstpalion TO Treasurer spinner but the contents
| have not TRANSFERRED. Under the national currency
act the Comptroller OF the Currency is authorized TO
appoint receiver in case any bank fails TO pay its
| circulating notes, aud makes il unlawful for any
! bank TO certify any checks drawn upon said bank
unless The person OF company drawing said checks
| shall have on deposit in said bank al time the check
is certified an amount OF money equal to the amount
epecided. II l. not improbable that tho Secretary
, Will fluid it necessary TO watch other New York
national banks.
The Prospects To-i,ay.
IL IL lido 10 speculate upon what the result OF
to-days proceedings will be. The action the Gold
Exchange VIII determine everything. The members
OF the Cold Room will meet at ten o'clock this
morning.
Secretary Boutwell, aud Gold Fluctuations.
from the Charleston Courier (deuocratic Sept PSI
Had Mr.. BoutWeil known his business the nuctua.
tons o. yesterday never could have taken place.
and no combination could ever have been made
suitclehy strong to nave produced such an excited
condition OF the market. The Treasury Is in
slant receipt Of gold FOR duties ana II it would only
retain enough Tor us necessities ana sell the balance
no trouble could exist, and a large part OF the
gambling in god would cease entirely. In addition
instead OF having money Idle IN the Treasury 1t
could be made use Of to tighten tie burden OF inter-
| est under which the country is now groanmg.
From the Boston Advertiser republican,, Sept. 27l
tnder these circumstances there is much TO be
said on both sides as TO the propriety OF the Interior
errches Que man and impoverishes another accord
ing to the moment When i made known but which
relieves The merchant for thr time from the embar-
easement which the gambling bout has caused HIM.
II 1t were possible for the government by any act
within the scope or is power to destroy utterly the
wealth OF he men who make . livelihood by these
specuahOns the achievement would meet perhaps
with general applause; but If every one OF them
were annihatcj ia pers0n "a vel az in estate to-
day there can ne no dpnDt that new set would
arise tomorrow, ana tlat the evil we depore would
be continued as long ~ the absence or any liked
standard OF value gives an opportunity for il.
1t may perhpps be the duty OF ,he secretary OF
the treasury now and then 90 step aside from the
plain path OF policy which he has marked out FOR
himself 10 meet extraordinary emergencies In The
market: but 1T is certainly hts duty, more than
ever, to push forward through any obstacles TO the
great goat OF specie payments, which, once reached
viii make such emergencies impossible; and IL IS
the duty OF Consress 10 DO rs utmost to make the
road easy aud direct. t- -
from the Boston Post td0nl0oratic) Sept oil
To whisper suspicion against the credit Of 6rm
IN ordinary times Is accounted the highest crime,
II any doubt attaches to its truth; but in the tur-
MOL OF Friday We observe numbers OF prominent
houses in New York subjects or gossip more
less llnndnrAna. lnnl ulnNn llnhf