New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-09-28

bnd os prudcni and judicous men, IT was their duty 10
Snnker KNOWS that no bank withstand smutane
GUS demand for greenbacks from an JUS Cuatoinoas
And vel these men nurtuTed the growing uneaslneSs
among the customers Of the Tenth National BANK never
thinking that its overthrow involved me eNis'enTe ta
other institutions not to mention the fortunes Oh private
iudiyiduais The clearing house system for gold ana
stocks look upon dangerous one ana inc
enhanced tenfold when think OF dr For "viI
owned and managed by brokers' WHAT po"eIr V
the management OF such an institution mas ouPpVS1,
for instance that the management OF such an lnsuV
should form league with enqne Oh any khu, IN ~
becomes their interest to break the market III o1cl
overtprn an opposition cquel Their work ls cut anu
dried for them All they want Is pretext anu 'e III
day OF heavy business VIII serve we are loo ElC"ly
pressed TO make settlement TO-DAY Iey WI' regaTd 70
the day and again on the seeOhu VIII 30 case
might be) would be locked up and business WOuu W
stand sim until such time as the Cealns,iiouse E%s 20
work again do say that tins thing has been uoe
only telling yon how it might be done Ana yu no T 70
form your conclusions II l were Gi,,eu up" do
your own Clearing" During the war; when me c ndn
ances were larger than ever since tn1 was It il
S %as n the ease that business was suspended
for two whole days because se * oca Regarding the
troubles the Tenth National Bank can THY ,o y
n dieiculty Its troubles greatly accelerated ny
certain banks who refused to take It's checks althSuR
was voHched for by Mr. Calender the Government Bank
Examiner, gentleman whose careful attention 70 Of
this city Their refusal forced customers to res9[.
the bank for money ana hence ne that when
| one bank thus refuses TO take dniyIcer,,I,cu
fhecT on Of that bank ard at time
forcing its own customer to take course extremely
eerned viz recourse TO the certifying oahA ior
money its own check"
| on THE STREET.
On the street yesterday, the whole talk was OF the
Gold Exchange Bank The deadlock in It's business
brought the Gold Room TO sandstil and entered more
or less into all business of the street The late panes
in stocks are attributable in great part to H. ana the run
on the Tenth National Bank was indirectly caut tSa
~, pppt fO
brokers' upon it. the statements OF business OF the
TwS firms dS VIM Beden Co and speyes Co. failed
to send in their statements II was SAID ana yet
did inform them of the fact nor dd II give h4Ge ~ @
Gold Exchange that two OF it's members were dehduem
Again was SAID that the bank maGe P hut refused
even that privilege to small dealers VINO ~ thS 70
| ibis fact that the strngency in the money mar
| ket has increased SO alafmDgy. i GHoilS1 w v,o
change Bank officers are claimed to have been at fault
the least disagreeabe OF which was thoH p eon
Had their clerks and porters been princes OF the blood
one could scarcely have expected to be met with Gen
the less sad the better Altogether if writer
had his choice between an b " ndc o tSa
NewYOrk Gold Exchange Ban he would be foolish nS
to choose the former provided he sought LOT soc ssu
| degree Of gentle treatment
| TIE GOLD EXCITEMENT IN COURr-INJUNC-
! TIoNs AND ATTACHMENTS.
In special term of the Supreme Court, before
Justice Cerke, yesterday, Caldwell Ashworth brought
against the NcW-GOTk Gold Exchange BRhk, William
! C. Dornin and Samuel W. BOocOck: also against the
Ney-Yorl Gold Exchange Bank and the National Bank
OF Commerce These tweiof large number Of suits
growing out Of the gold transactions on Friday. The
complaint the first suit, brought by Barrel Red
field plaintiffs attorneys. sets mp that on thc 2d o.
TO be repaid with interest and received as collateral Tor
its repayment 100000 gold; that on the ?Jd they DE
mandcd their money. and rendered the $4,000 god COL!
lateral back under the rules OF the Cold ENodhtc Nth
that payment and repayment Of loans between
Bank an institution connected with the Now YORK Gold
Exchange whose sole object is 10 facilitate The trans
action OF business and the clearing and balancing OF &c
counts between members OF the cen Lhchanke py
system OF notices or daily statements maze 20 the DuA
by its dealers which are balanced by the bank each day
SSS The THAT Under the custom bornn Boook TO
repay their loan ON the 25d notified the bahk mat y
directed the bank 10 set apart 10 the llauth siSj0
That the bank did receive for Dorrin BoOcock over
had been at good and had been paid, would have
been apart 10 plaintiff 20 the extent OF tho ti5,
had failed and others had suspended payment but arc
expected TO resume Ihat III consequence on tnI i"''
tho bank claims that II is not IN fund, 20 the crt"nt ~
si375o and therefore usual clearance hot AZ
fectcd but the bank threw plaintiff statement aud
compelled him to take MP his gold which ne 9d Ihat
since the 23i other pares, and as paihn I,l
tain Of the dlrccror- 90 he hant have haa tpeGLAFo
the books OF said bahk WIN balances agah' men, hud
that the bank threatens and intends TO apply the moneys,
&C. In Its hands Tor DOnn BOocock 10 the use ~ the
general creditors that the ahr Of the bank are in such
state Of confusion aud are being managed IA such
venly believes that all OF said money! chccks, obga
tOus, and other assets viii be- msapped squandcrcd,
| payment OF Its own debit unless the same are mmo-
diteiy taken out Of the possession OF The bank, aud
| other processes have been issued against tho
| bank, 3 aud that sad moneys, checks, obuga-
tho bank 10 be blended with its other assets and the
process, OF mixed up with other rsscts not 10 bo
dlsuguShabe. The plaintiff therefore, asks that Dor
Junction and that IA Receiver Of II DO appointed on
THIS complaint an Junct'u was granted restraining the
the complaint In the second suit Injunction was
obtained restraining tho Gold Exchange Bank from trans
icrnng hypOtlccating or dsosug 81 TWO checks drawn
10y the plaintiff on the Bank OF Commerce lDr SiUOO 10
the order OF the Gold Exchange Bank, otherwise than 20
be set OF gainst two checks OF the Gold ENcha GO Bank
for $4,000 given 70 the plaintiff, and by the latter de
posted with the Bank OF Commerce. The latter bank Is
IeslTalned from paying the pnns checks to tho coz
Exchange Banks chcckr benS set on against them:
An Injunction has also been issued IN the suit Of Henry
the Eew.York Gold Exchange Bank restraining tho
bank from paying To Robert Waller So Oj 49, depo
tied by tc plaintiffs with the bank security Tor the
account OF Robert Waller III the bank.
V. b. Van Dyck agt VIM G. Doinin. Samuel W. Boocock
and the NcwYork Gold Exchange Bank restraining tho
from Dornin d BoOcock, and from paying any sum of
money thereon for the plaintiffs account.
In another suit. by j. Edward Eastwood agt Alex g.
Wood d James G.. Brcck and the New.YoIk Gold TX
change Bank an injunction issued, restraining the
ing 5000 IN gold on deposit there.
stll another Injunction has been issued the case OF
II Hamilton, Matthew I. Dnl and the New. York Cold
EAchange Bank restraining the Bank from paying to
the dcendats 81 OOO deposited by the plaintiffs with tile
Bank as security for the return of borrowed gold
menced against William Belden, Alexander Mckinney
aud George W Hooker, by attachment one by Hamilton
o. fdht, ana the other by samuel A. Hatch. In these
cases the attachments against the defendant on adtvits
intent to dcfraud their creditors, and conccang them