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FUD took place they throw themselves on the rales of the bank, asd requested of their depositors a month's notice, M provided for. Before the month transpired the panto passed off, and there was no further occasion for infulgence; everything went on as usual. This stipulated no tice the trustees feel should be always demande as pro tection to themselves and their depositors We learn that in the year 1837 the pazio mania as the Bowery Savings Bank resulted in an extra dividend to those of their deposit who held on. The same will be the result of the present panic mania. PUBLIC MEETING OF MERCHANTS AT THE EXCHANGE. EXTRA SESSION OF THE LEGISLATURE RECOMMENDND CON-COMMITTEE APPOINTED TO GO TO ALBAN FIDENCE EXPERSEND IN THE CITY AND et ATK BANKS -UNDUE HASTE IN CLOSING THE PROCARD ING8-DIFSATISFACTIONOR THE MERCHANTS. The following call was circulated among the merch unia on Change yesterday :meeting of merchants le Invitei at the Exchange al half-part block day to consider the state of public interests as connected with the suspens item of specie pay ments by the banks, and to adopt such measures 45 the public welfare may require. Henry Coll. Mones Taylor & Co Gorden Talbot & Co. D. Morgan & Co. Adams, Brown Brothers French, Maitland, Phe pe & Ob. Son, William Nelson & Barclay & Livingston Foster, Eusot & Oo., Grinnell Wintarn O)., Howland & Aspinwall Tucker Cooper & Co., Charles H. hussell, Augustus Schell, J. H. Brower & Oo There was quite a large attendance of merchants and others interested in the object of the mesting, and had not the proceedings been characterized by unseemly have, and the meeting commenced and closed prematurely, some important results might have flowed from 18. At al, events, some measures might have been agreed upon that would have proved beneficial in the orials. Bat for res sons best known to the prominent actors in the affair, snap judgment was taken; as interchange of opinion was had or permitted; the resolutions were declared car. ried because few understood what they were, and the meeting ad journed within five minutes after the time fixed for its convening Full ten minutes before the hands on the dial on Trinity church pointed to half past three, the meeting was called to order by Mr. Morgan, who read the call, and pro posed as chairman Mr. James Brown. The proposition was unacimously carried, and Mr Brown took the chair smid some dem strations of ap plause On motion of Mr MORGAN, Mesers. James Lee and Robert Goodhue were appointe Secretaries The following resolutions were then offered by Mr. PELAResolved, as the sense of this meeting, that the exigen cies of public affairs require an immediate extra session of the Legislature, in or for that such measures of relief may be granted in their wisdom may be deemed just and pedient for the public good, and to enable the backs to continue their aid to the manufacturior. mechanical, agri cultural and commercial induary of the State,to five em ployment to the labor of the city and to renew specie pay ment an early day Resolved with the view to liquidate the indebiedness of interior. and to hasten the shipment of produce I seaboard, that is the duty of New or me chante and of the banks to afford every facility in their power without delay Resolved, That in the judg ment of the Nev York chante looking as those great elements of wealth, the varied and large crops of the United states. the existing monetary dera ement may with certainty be speedily corrected, and be followed by restoration of confidence to the ordinary machinery and credit or busi nets; 10 that while everity of the crieis will be long remembered too the speedy arrival of prosperity committee to these present be That Resolved, resolutions to the Governor of the State, at Albany, and to sollcit bis immediate action thereon Mr. Paris submitted some brief remarks in support of the resolutions. He said that the merchants found them selves to day in novel condition of affairs, with the city banks obliged to suspend payment, although the day before their respension they were known to be perfectly solvest As it was the merchante had still perfect cont dence in the solidity of these banks: and there could doubt that their assets were sufficient to meet all their liabilities. In this state of circumstances, then, he held duty of the merchants to sustain the banks means in their power. He considered that It perative duty of the merchants to represent to the Governor of the State the necessity that existed for the immediate celling of an extra session of the Legislature, to remove the penalties now imposed upon of specie payments, in order that the regular current of business mar be restored to legitimale channel That step was provided for in 11 the Imperative also the resolutions was the duty merchants their and all their aid to sustain the banks in the present crists, and also in their dealings with each other to use all the poest ble, and to give every indulgence allowable by the times the pressure CORNER seconded the resolutions, which were put adopted Mr. THEODORE DEMON moved the appointment of the Albany proceed to to mittee The CHAIRM named the following gentlemen John C Green, Mours H Grinnell Charles H Russell, Abraham Hewiss, Mores Taylor, Royal Phelps, Schay lar Livingston, R Marahali Chas to motion, the Chairman and Secretaries were added the committee, and the appointments were unanimously confirmed Mr. Mouns H. GRINNELL said that he did not rise to offer extended smarks upon the present state of things Mr. the offered seconded Perit; they spoke for FEE They had Hittle do now except he these who, had present no doubt, would respond mediately request tained in them He would, therefore. leave that subject had another resolution to propose, which was as Resolved, That we, as march ants and citizens, have en tire confidence the ability of the banks of the cliy and State of New York to meet all their engagements, dollar dollar said that felt it to be the imperative duty of the merchants this juncture to unite this deciaration confidence in the banks, although they yesterday been compelled to suspend was a mared that although the banks had payments, as (Mr. fide had. they had toma (the merchants) know they intended to pay their debts, banks meet all their liabilities (Applease Therefore. he urged the confidence resolution this of had passage banks ibe ability and would The resolution by Mr. James Brown, and was carried unanimously On motion. the meeting then adjourned. The committee appointed to wall upon the Governor left for Albeny in the train Much dissatisfaction was expressed on all at fee hurried and loose manner in which the business meeting had been forced through without Interchange opinion on the part of the was charged. seemed to he universal opinion. that meeting got up in the interest not of the merchants but of the banks Conspl among those protested vehe h whole was Mr. mently Richard against Schell, brother to the Collector of the Port He his regret that man of Mr. Integrity should presided at this meeting and allowed to be conducted twas. He remarked that the meeting controlled such men as Pelettah Perit, E D. the of Bank Oom family of "the Klage, merce He sald that that bank by cashier and who named had Vall. Blevens gone principle of breaking all of their neighbors were Habilities. their to meet show means large And now said these men have had the effrontery have they whom seek and sided to rain this strain remark for him collected and time around cashiers of spoke sympathising hearers. Wal the street and of three presidents of noodles who held their places commans whose and services favorition, salary or $600 in any He describes meeting mutual distinction society directors of the Bank of Commerce and he charged officers of the bank. of the Mer hanta Bank, of the Na. tional Bank, and of the Bank of America with endeavor lag by their course at the Clearing House to create all possible difficulties and to throw every obsta they could is the way of merchants paying their debts said that the first resolution that ought 10 have been offered at the
