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MONEY Wednesday, May 10. more the banks increased yesterday, erisis. and The became Merchants' The run than on it yet has been during the State Bank, City Bank, general Company, the these drains for Bank, the Manhattan more or less subject to attend and many others, were Bank has its own business to run of specie. The Merchants' Dry Dock and U. S. Bank agency. concentrated The on the to, besides the appeared to be more During the yesterday, therefore, than on any other in the street. immense. The Merchants' Bank the crowd in Wall street was banks, and realwhole morning to have lost all confidence in the brought on by people would seem seem as if this calamity had conduct-by been their ignoly it themselves-by their foolish business. the banks and want of general knowledge in Dock their Bank own by on inrance The closing of the of Vice the Chancellor, doors of the will Dry likely The be the injunction beginning was junction last act of the drama. Directors-not that of the end"-the the request of the President and and entire ability to granted at least doubt of their solvency on demand, they had the because their engagements, large banks pay their debts, for but their immediate resources. assistance, The although in were the 100 street large seeing this, not only denied first to throw discredit upon security was offered, them still but further were the by refusing to receive Fish, the of Dry the and embarrass in the regular course of business. train Mr. to injure his Dock notes Bank, was foremost in the Fund banks, Tradesmen's and Mr. Gallatin followed. The Safety and whose promineighbor, first cried out against the U. S. Bank, have never been rewho regulate the domestic exchanges shake off the little Bank ses deemea, to charter thought was it a an good independent time to and weak unrestricted and unprotect- one.whose the opportunity when she was her the least ed, Watching they refused her notes without giving bill holders and depositors notice. excitement yesterday among found the Bank shutup, continued The to be very great, when wisely they began to be alarmed about State and very naturally not and knowing, very the precise day small when fry the up town, other bank notes, the Union, and the himself quite as Bank, the Mechanics', too; and each man, deeming a steady drain would shut up as these concerns, commenced Nassau and good a depository banks generally. Wall street, between drawn out was very upon the was crowded, and the amount the specie is all William, will doubtless be repeated until drew out of the large, and the bills exhausted. One person another State drawn Bank out, or $25,000, and carried its for safe-keeping, to place-namely, was so his alarming, own dwelling even on house. Monday, to aid his of Honor the other the The run he was afraid he should have to ask and they Mayor, and that the called his brother Presidents together, Dock money, to Banks, it policy to redeem the Dry delegated to go at once thought excitement; and Mr. Lawrence was Dock notes allay the assemblage, and announce that the Dry course was probefore the by the other banks. This were would be redeemed evening meeting, but the majority first hour, them posed at the but Sunday the amount of specie drawn out the and depositors opposed ; to their senses. The bill-holders the bills on Saturbrought be so easily satisfied. Why offer refuse redeem all the cirwill day, not and on Monday $200,000? come out and It certainly to shews great weakculation-say learn nearly that the one hour's operations brought they would some ness, and we down to their gold, which is the last coin, and it is of the banks Half eagles are a very pretty banker when he can wish no great to part trouble with. for every man to act as his OWB get gold. also are on foot to get authority to suspend A specie meetMeasures without the penalty of losing their charters. object. Therepayments held in the Exchange yesterday for that will draw out the ing fore was the for run their must money continue, before as the every authority man is out. granted-i. e., if they gold can get Dock their Bank's turn before assets the on gold paper rw.s shew the about real $260,000 estate, The Dry their liabilities, without counting valuable more than all the banking house in Wall street, and day a or two consisting at of and near the Dry Dock, estimated, (though now a in no way property ago, by Mr. Stebbins, formerly at over cashier, half a million of dollars. So, connected with the $250,000 bank) is lost in winding up, the stockhold- themers if not will more have than all the real estate left to divide among selves. tell what amount of protested southern paper received the Who can and what amount of protested paper The stock State bills Bank on London, holds, at 15 to 20 per cent premium? paid out half eagles! sold for yesterday at 70-and Geo. yesterday Griswold received they for the exchange cent Where are the Cryder notes & Co., London-sold at 18 to of 20 America? per on Morrison, Were they discounted at the Bank taken up? premium? those which have gone into protest been but it brought And have arrival from England yesterday, water. The We had au alter the position of things across the belief that all the nothing opinion to is now settling down into the and Morrigeneral houses, except the Barings, the the Browns, board. Nothing American son would & Cryder, appear capable have long of altering since gone this by opinion, but direct and positive information continue to fall-United to the contrary. States Bank still and at rising. 95-MorStocks nominal at 30-Rail Roads are firm Indeed, we r is Canal is still continue among the merchants. meetings, and are Failures believe that the merchants by their contributed to indisposed to and their private efforts have 300 who have their feelings, for specie. " The banks" say the turn round crease the have runs crushed us to save themselves This feeling us of asfailed-" compel them to stop paying specie." has increased fearand towards the banks and their managers will be a general curperity the last few days. There runs, and of fully during discounts, in consequence of these as water. tailment of failures. Gold and silver is now plenty it at precourse more draw out their deposites in gold, sell yesterday, a Indeed, many more. We heard of one transaction par value mium and get sovereigns were sold for $5.30-the of dein is $4.24. which English Paper is already beginning to shew symptoms preciation. the present state of things are increased by the of The evils of merchants towards the banks-the agitations the new corbitterness of the the general scramble for office been in boasting of politicians-and ten years past, the banks have 25 cent in poration. dividends-some For 12, some 16, and some per their shamaking Where are their profits now? Where heart will are shew to one year. Where is the pity that any and mevings now? their day of calamity? The merchants the banksnot one. wards chanics them have in not a single feeling in common with
