15645. Clark, Dodge & Co. (New York, NY)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
October 3, 1857
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
1318bcd1

Response Measures

None

Description

Multiple contemporary reports (dated Oct 3, 1857) state Clark, Dodge & Co. 'have suspended.' Articles describe a 'blockade in exchange' and mail/ remittance delays as the cause; no article mentions a depositor run or receivership/closure. I therefore classify this as a suspension (no run) with likely eventual resumption (suspension_reopening). OCR errors in some articles were corrected (e.g., Clask -> Clark).

Events (1)
1. October 3, 1857 Suspension
Cause
Correspondent
Cause Details
Reports attribute the suspension to a 'blockade in exchange' / delays in remittances and mail (funds stuck, $800,000 delayed), impeding the firm's ability to meet payments on that day; not described as insolvency in these dispatches.
Newspaper Excerpt
NEW YORK, Oct. 3.-Clark, Dodge & Co., Bankers have suspended.
Source
newspapers

Newspaper Articles (12)
1. October 4, 1857 Nashville Union and American Nashville, TN
Article from Nashville Union and American, October 4, 1857

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BY TELEGRAPH. FOREIGN-PER STEAMER ARABIA. NEW YORK, Oct. 2.-Cotton, middling qualities improved 1. Sales Saturday estimated at 6000 bales, closing quiet but steady. Middling Orleans 9 5-16; Mobile 91; Upland 91. Stock in port 312,500 bales, of which 21,9000 bales are American.New Orleans tres ordenaire at Havre 126. Sales of the week 18,000. Breadstuffs quiet; flour advancing; provisions declining. Manchester advices favorable. Bullion decreased 278,000 pounds. American securities unchanged; more buyers than sellers. London, Sept. 19.-By Telegraph.-The dissatisfaction with Indian news strengthens the belief that a loan must be affected. The discount market is extremely brisk. Wm. Summerville, silk manufacturer at Manchester, has failed. Reported failures at New York: Swift, Robinson & Co.; Pomell, Ramsdell & Co.; Brummel & Roysters, P. Chonteau; Hutchings, Tiffany & Co. At Boston: Sharons, Pond & Co. A Minnesota despatch announces the arrest of the Fairbault land warrant thieves and the recovery of all the warrants except five. PHILADELPHIA, Oct. 3.-The Reading railroad bonds went to protest yesterday. NEW YORK, Oct. 3.-Clark, Dodge & Co., Bankers have suspended. E. W. Clark & Co., say that the above suspension will not interfere with their business. The stockholders of the Erie railroad met last evening and passed a resolution appointing a committee of one hundred to solicit subscriptions to bonds or loans to the company; $175,000 was subscribed. PITTSBURG, Oct. 3.-A meeting of merchants at noon justify the suspension of the Pennsylvania Banks, and ask the Governor to extend Legislature aid to mitigate the penalties till resumption. NEW YORK, Oct. 3.-Money irregular but a better feeling exists. Notes were generally met promptly. Gage, Sloan & Dalton and Ely Brown & McConnel have failed. Cotton dull; Flour active; Wheat declining Corn mixed 70a71c.; Pork dull; Beef and Bacon heavy; Lard 12}a14{c; Oats quiet; Tallow 10}allc; Sugar and Coffee dull. At the close of business, a more cheerful aspect prevailed. PROVIDENCE, Oct. 3.-The Rhode Island Central Bank has been temporarily enjoined on application of the Bank Commissioners. Their assets are believed to abundant. SPRINGFIELD, Oct. 3.-The trot between Flora Temple in harness and Lancet under saddle, was won by Flora in three straight heats. The last mile in 2:32. BOSTON, Oct. 3.-Financially, the day passed better than anticipated. Clark & Co., Bankers, and S. Frothingham & Co., Commission Dry Goods Merchauts, have failed. A few smaller failures have al o occurred. The business community was more cheerful at the close. ST. LOUIS, Oct. 3.-About sixty Missourians are encamped at Sugar Creek. Linn county, Kansas, for the purpose of voting. The Free State men have sent to Lawrence for arms to protect themselvos and the polls. CINCINNATI, Oct. 3.-No important failures.-" No first class paper protested. Bussness closed much more favorably than antic pated.

2. October 5, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 5, 1857

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The news by telegraph continues to be disastrous. Yesterday, the Reading Road of Pennsylvania went to protest. The stock of this road sold last Wednesday for 33. P. Choteau, Jr., & Co., of Lonisville. dealers in furs, have suspended. The failure of Clark. Dodge & Co., a heavy New York banking house, is also announced.

3. October 5, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 5, 1857

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TELEGRAPHIC! TELEGRAPHED EXCLUSIVELY TO THE EVANSVILLE DAILY JOURNAL Financial. PHILADELPHIA. Oct 3-M. The Reading Railroad went to protest yest erday. Clark, Dodge & Co., N. Y., have suspended. The Pennsylvania Bank will probably go into line with other Banks on Monday. E. W. Clark & Co. announce that the suspension of Clark, Dodge & Co., will not interfere with their business.

4. October 5, 1857 Daily Nashville Patriot Nashville, TN
Article from Daily Nashville Patriot, October 5, 1857

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BY TELEGRAPH. BY THE NATIONAL LINE. [Reports Furnished by the Associated Press.] FOREIGN NEWS PER STEAMER arabia. NEW YORK, Oct. 2.-Cotton-Midaling qualities improved 1. Sales of Saturday estimated at 6,000 bales, closing quiet but steady. Middling Orleans 9 5-16; Mobile 91; upland 9J. Stock in port 312,500 bales, of which 219,000 are American. New Orleans tres ordinaire at Havre 126. Sales of the week 18,000. Breadstuffs quiet. Flour advancing. Provisions declining. Manchester advices favorable. Bullion decreased 278,000 pounds. American securities unchanged; more buyers than sellers. LONDON, Sept. 19--By telegraph.--The dissatisfaction with Indian news strengthens the belief that a loan must be effected. The discount market is extremely brisk. Wm. Summerville, silk manufacturer at Manchester, has failed. Reported failuresat New York: Swift, Robertson & Co.; Powell, Ramsdell & Co.; Brummel & Roysters; P. Chontean; Hutchings, Tiffany & Co. At Boston: Sharrons, Pond & Co. A Minnesota despatch announces the arrest of the Fairbault land warrant thieves, and the recovery of all the warrants except five. PHILADELPHIA, Oct. 3.-The Reading Railroad bonds went to protest yesterday. New YORK, Oct, 3.-Clark, Dodge & Co., bankers, have suspended. E. W. Clark & Co., say that the above suspen tion will not interfere with their business. The Stockholders of the Erie Railroad met last evening and passed a resolution appointing a committee of one hundred to solicit subscriptions to bonds or loans to the Company. 175,000 was subscribed. PITTEBURG, Oct. 3.-A meeting of merchants at noon justify the suspension of the Pennsylvania banks, and ask the Governor to extend legislative aid, and to mitigate the penalties till resumption. NEW YORK, Oct. 3.-Money irregular; but a better feeling exists. Notes were generally met promptly. Gage, Sloan & Dalton, and Ely, Bowen & McConnell have failed. NEW YORK, Oct. 3.-Cotton dull. Flour active. Wheat declining. Mixed corn 70,71. Pork dull. Beefand bacon heavy. Lard 124a144. [Oils quiet. Tallow 10±a11. Sugar and coffee dull at the close. Of business, a more cheerful aspect prevailed. PROVIDENCE, Oct. 3.-The Rhode Island Central Bank has been temporarily enjo ned on application of the bank commissioners. Their assets are believed to be abundant. SPRINGFIELD, Oct. 3.-The trot between Flora Temple in harness, and Lancet under saddle, was won by Flora in three straight heats. The last mile in 2:32. BOSTON, Oct. -Financially the day passed bet. ter than anticipated. Clark & Co., Bankers, and S Frothingham & Co, commission dry goods merchants have failed, and a few smaller failures have also ocurred. The business community was more cheerful at the close. ST. LOUIS, Oct. 3 -About sixty Missourians are encamped at Sugar Creek, Linn county, Kansas, for the purpose of voting. The Free State men have sent to Lawrence for arms to protect themselv 8 and the polls. E. W. Clark & Co., bankers, have failed. CINCINNATI, Oct. 3.-No important failures. No first class paper protested Business closed much morefavorably than was anticipated.

5. October 6, 1857 Daily Iowa State Democrat Davenport, IA
Article from Daily Iowa State Democrat, October 6, 1857

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LATEST NEWS. THE FINANCIAL CRISIS. New York Money Market. / New York, Oct. 3. Messrs. Clark, Dodge & Co., bankers, have suspended This has been a gloomy day in Wall st. the suspension of Clark, Dodge & Co. exercised a most depressing effect upon the market, already burdened to its full capacity to sustain. Owing to a failure of the Southern mail from here on Thursday to connect at Philadelphia and reach here to-day. hence about $800,000 which should De liberated to-day will remain in the sub-treasury till Monday. The feeling of the stock exchange is now a total depression. It received a severe shock by the failure of Clark, Dodge & Co., who were supposed to stand upon castality. The sole cause of their suspension is said to be the blockade in exchange.-They have a surplus of over two millions. At the first board-Virginia 6s advanced 13 14, New York Central 7s 2, Illinois Central shares 5, Chicago and Rock Island 8, Milwaukee and Missiasippi 3, while Michigan Southern declined 11, Reading 6. Pennsylvania Coal 5, Delaware and Hudson Canal 5, Chicago and Pittsburg 2, New York Central shares 2 1-2, Ohio 6s 1, Reading 1-2. The only additional failures of note are Ely, Bowen & McConnell, and Gage, Sloan & Dayton. The receipts at the Sub-Treasury were $444,000, and the payments $283,000. The receipts include $200,000 transferred from Boston. The Reading R. R. went to protest yesterday in Philadelphia, on a note for 810. 000. The company continues payment of their coupons and there will be no interruption of the trains of the road. The banks report that payments have been very prompt day, and the banks have shown commendable liberality and rendered assistance judiciously in numerous cases. At the second board stocks were better and closed strong. The rise therein is from one-half to three per cent. Missouri 6's 55c ; Tennessee 6's75c: Pennsylvania coal 55 1-2c, do stocks 30c ; Cumberland coal 5 1-2c; Mil. & Mis. 16 1-2c; N. Y. C. 53c; Erie 101-2c; Reading 283-4c; LaC. & Mil. 7c; Ill. C. shares 80c ; Gal. & Chic. 57c; Chic. & R. I. 59c. The California remittance will be at hand by Monday. It will help to restore confidence and to inangurate a better condition of things in all branches of commerce.

6. October 6, 1857 The Davenport Daily Gazette Davenport, IA
Article from The Davenport Daily Gazette, October 6, 1857

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LATEST NEWS Financial Intelligence. BOSTON, Oct. 3. Messrs J. W. Clark & Co., bankers, suspended payment this morning. PHILADELPHIA, Oct. 3. Messrs. E. W. Clark & Co., bankers suspended payment this morning. Sr. Louts, Oct. 3. The firm of Chouteau, Harrison & Valle, iron merchants suspended yesterday. By their suspension over eight hundred persons have been thrown out of employment. They were the owners of the Iron Mountain. NEW YORK, Oct. 3. Messrs. Clark, Dodge & Co., bankers, have suspended. The Powell Bank, of Newburg, is thrown out to-day. The departure of the California mail steam er is postponed until the 7th, when the St. Louis will take the place of the Star of the West. PHILADELPHIA, Oct. 3. The papers anounce that the Reading Railroad Company was unable to meet their payments yesterday, and suffered their notes to be protested. This is a blueday forstocks. There was no sales for the Reading; ten was bid. The Pennsylvania Bank will not go into line until Monday. BOSTON, Oct. 3. The failure of Terrell & Hersey, of South Weymouth, Mass., is announced. Liabilities, $700,000 to $1,000,000.

7. October 6, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 6, 1857

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Financial. NEW YORK, Oct. 3-M. This has been a gloomy day in Wall street. The suspension of Clark, Dodge & Co. exercises a most depressing effect upon the market, already burdened to its fullest capacity. Owing to the failure of the Seuthern mail which ought to have reached here to-day, about $800,000 will remain in the Sub-Treasury until Sunday. The falling in stock exchange has not recovered from the severe shock of the failure of Clark. Dodge & Co., whose supposed standing placed them above suspicion. The following failures are reported : Bowen & McConnell. and Geo. Sloan & Dayton. The receipts of the Sub-Treasury were $283,000. The receipts include $200,000 transferred. The Boston Banks are reported as paying very promptly, and bankers show considerable liberality. California remittances will be at hand on Monday, which will help restore confidence.

8. October 6, 1857 Daily Nashville Patriot Nashville, TN
Article from Daily Nashville Patriot, October 6, 1857

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BY TELEGRAPH. BY THE NATIONAL LINE. [Reports Furnished by the Associated Press.] NEW ORLEANS, Oct. 3.-Cottton-Siles 3500 bales at yesterday's prices. Exchange unsettled. Heavy payments due at the banks to-day were met resolutely and satisfactorily. Thesky Das began to brighten. LOUISVILLE, Oct. 5.-W. E. Culver, banker, has suspended. The failure of Clark, Dodge & Co., of New York, gave a severe shock to the Stock Exchange on Saturday. Total depression ensued. The Banks report payments prompt. CINCINNATI, Oct. 5.-Dunlevy, Drake & Co., bankers, have failed. Sr. LOUIS, Oct. 5.-Advices from Kansas state that 1,000 Missourians had crossed the border between Quindaro and Weston, and that there are evidences of concerted action all along the border. . Violence is not apprehended. NEWS PER STAR OF THE WEST. NEW YORK, Oct. 5.-The Wabash, was at Aspinwall, and the Jno Adams and Decatur, are at Panama. The outrages in Carson valley have caused the formation of a vigilance committee. California has voted to pay her debt. Harasythy, late melter and refiner at the mint, is defaulter for $150,000. Mining is successful. The Indeans murdered Ebey, collector at Fort Townsend. The Sonora, which connected with the Central America had one million five hundred and ninetyfive thousand dollars in gold. San Francisco markets quiet. Importations large. The cholera is raging in Guatemala. Venable, U.S. Minister there is dead. The city of Puera, in Peru, is damaged by an earthquake. New ORLEANS, October 5.-Cotton-Sales 1200 bales. Prices lower and irregular, and are too unsettled to quote. Receipts of two days 12,000 bales. Flour better. Wheat downward. Exchange dull. New Yorksight; small sales at tat. NEW YORL, Oct. 5.-noon-Financial affairs are decidedly better. No failures. Stock improved 5 to 8 per cent. Money easier. The steamer New Yo:k, from Glasgow, has arrived. Her dates are anticipated. Sr. LOUIS, Oct. 5.-James H. Lucas & Co., bank. ers, have failed. WASHINGTON, Oct. 5.-Attorney General Black decides that the California land claimants under Mexican grants are entitled to a patent from the general land office, on showing a claim confirmed by the Commissioners of the District Court or the Supreme Court. Last week the Post-master General drew a million of dollars for the payment of mail contraciors. The aggregate Treasury drafts for that period was three millions eight hundred and fifty thousand dollars, which was on New York. Stocks continue to come in for redemption. NEWS PER STEAMER ANGLO SAXON. NEW YORK, Oct. 5.-INDIA.-Havelock has re sumed his march on Lucknow. Small detachments of troops are being sent by the overland mail route. Cotton generally unchanged; closing quiet and steady. Manchester advicer are favorable. Money unchanged. Railroad securities slightly advanced. Flour steady. Some circulars report a decline of Eix pence. Wheat has declined three pence. Western Canal flour 31a33s; Wheat, red 8, to 8s. 3d; white 9a to 9s ro,mixed37s 6d. to 38 white 41 to 43s.; Beaf heavy; Pork dull; Bacon firm; Lard and Sugar quiet; Rosin 4:5s; Spirits of Turpentine 39s: Rice dull; Tallow weak; ashes steady; oils unchanged; bark quiet. Wheat declined; better qualities of Sugar advanced; Coffee dull; Tea firm 18s. 8d all qualities considerably advanced; Tallow firm; Linseed oil 40; Pig iron dull. LATEST.-Wednesday.-Markets generally quiet and unchanged. INDIA-General Reid died before Delhi. Lord Elgin's mission to China related to the transfer of Indian troops to China Another mutiny occurred at Bombay. but was suppressed. The merchants of Calcutta had petitioned the Queen to take Central India. Gen. Banks, commanding in the engagement at Lucknow, was killed. SPAIN.-It is believed that the crisis is over, and that there will be no change in the Cabinet. The cause of the recent trouble was the refusal of the Queen to remove Concha. Four vessels were sunk in the harbor by the gale, and forty lives lost. England refuses to give up the Island of Penam to Turkey. The Moldavia elections favor the union. NEW YORK, October 5 --Cotton is very dull and nothing doing Flour is active. Wheat-Southern white $1 27a$1 35. Mixed corn 69a70c. Mess Pork $23 00a$23 25. Bacon 14c.; hams 11}c. Whisky 20 a 20tc. Rice firm. Coffee quiet. Sugar dull. Linseed Oil 71a72c. The bank statement is untavorable. Decrease in loans one million eight hundred aud fifty-six thousand; decrease in specie one million one hundred and twenty-four thousand; decrease in deposits five million three hundred and thirty-seven thousand; increase in circulation seven hundred and eighty thousand. UTICA, N. Y., October 5.-The Bank of Central New York bas closed and a Receiver been appointed.

9. October 6, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 6, 1857

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Total $172,616 The Exchange Bank of Lockport has not suspended, and The Traveler says that the notes of the Bass River Back are redeemed at the Saffolk Bank. The Rhode Island Central Bank has been temporarily enjoined. The City of Troy has just paid $16,431 as interest on the Schenectady and Troy Railroad debt. Also, the interest and principal due in October on the Troy Union Railroad. The Central, Rensselaer and Sara. kaga, and the Hudson River Railroad, also paid each one quarter of the principal and interest 84 the last. named road. The Baltimore Patriot of Saturday evening says: The Money Market to-day has been much excited. and, if anything, more stringent. The announcement at an early hour of the failure of Clark, Dodge & Co., one of the largest banking houses in New-York, produced considerable sensation here, as it must have done elsewhere. It is gratifying to know that the correspondents of this firm in our city have escaped losses. We further learn that the branch houses in other prominent cities are likely to escape safely, or with but little embarrassment. Our banks are discounting only to & limited extent, and disposed to restrict their lines as much as possible -hence mercantile accommodations are less than generally supposed. Quite a large amount of good business paper is offering on the street. Good to first-class notes may be quoted at 13 to 2 per cent & month. on call ranges from to per Money nominally 13 2 advanced, cent. Specie is in demand. Gold has and sells to-day at to 10 per cent premium, as to amounts, &c. Silver is also in pressing request, and some brokers have been selling it in small sums to meet exigencies, at to 6 per cent premium. The Bank of Nashville, Tennessee, issued the annexed circular on Monday last BANK OF NASHVILLE, Sept. 28, 1857. In consequence of prejudicial unfounded reports relative to the solvency of this Bank, causing & large number of depositors to withdraw their funds, besides a heavy demand for coin, we have been forced to suspend payments for the present. We beg of our friends to take no action in the matter for & few days, until we have had time for reflection as to the best course to be pursued. Our assets are ample to pay all liabilities, and they shall be faithfully applied. To place the creditors of the Bank of Nashville beyond all doubts, we have determined to convey our private property as additional security to be used in the event of necessity, reserving only enough to pay our private indebtedness, which is small. N. HOBSON. President. W. WHEELESS, Cashier. The Nashville Banner of the 29th says: The Bank steps were crowded yesterday by depositers and note-bolders, and considerable excitement existed. As to the degree of confidence in the ability of the Bank to pay out, we unhesitatingly advise all note-holders not to submit to any unnecessary sacrifice. The high character of the President and Cashier is ample guarantee, where they are known, that no unfair advantage will be taken of their creditors, and we have the assurance of & leading member of the bar in this city, & gentleman of the highest standing, who has thorougly investigated their affairs, that the assets are abundantly adequate to ultimately discharge every liability. At a meeting of the directors of the Utica Steam Cotton Milla, it was moved to suspend work immediately in the mills until the 1st of November next. The directors of the Middlesex and Bay State Mills, Mass., have issued 8 card, in which they say "that they have entire confidence in the solvency of both corporations; they both have ample personal prop. erty to pay their indebtedness, besides their extensive mills and valuable machinery. The Philadelphia North American says: In the commercial circles there is little or no change for the better. Money is exceedingly scarce, and the best business paper, which is not quite so plenty, goes slow at1j@2₽ cent & month. There was only one failure of any note announced to-day. We are assured that the temporary suspension of the firm of Mesers. Clark, Dodge & Co., of New York, will not interfere with the business of Messrs. E. W. Clark & Co., of this city. which will be continued and conducted as usual, and that no interruption whatever has taken place in the transactions of the latter firm. There has been & more active inquiry for American gold to-day, and about $100,000 have changed hands 4@6 ₽ cent premium. New-York Exchange has also been dealt in to some extent at 3@5 P cent advance over current bank prices. money market, and thus put & stop to further failure, is fast dying out. Suspensions are of almost daily occurrence, and are likely to continue for some time yet. The Providence Journal of Monday says: The week closes without any marked change. The banks are doing all in their power, and are geneasily carrying their customers along by discounting to those who have payments to make to them. This relief they cannot of course extend to the same extent to those who have to pay collections: but even to these some aid has been rendered. There have been no mercantile failures of consequence since the suspension of the banks. The amount of collections falling due has greatly diminished, and few new contracts are entered into. From some quarters notice has come to the backs to receive their collections in current funds; others demand them in spacie. Some of the beaks have given notice to their correspondents to withdraw their collections, valese they are payable is currentfunds The Bask have made assargements for the set

10. October 7, 1857 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, October 7, 1857

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Birthe failure of the bankers, Clerk Bruthers-J. W. Clark & Co. in Boston; W. Clark s Oo. Philadelphia, 2nd E. Clark, Dodge a Co., New York-is one the most is trtant since the beginning the panic. These banks had very connections, particularly and the effect of their suspension ill be felt over a large extent of country. 10 is supposed that the disaster which has overtaken them, is due to speculation in railroad securities. Clask, Dodge & Co., world very heavy holders of Illinois bonds. [Tribune. "Grandpa, where do people get their fushions from " "From Philadelphia." "Well, where do the Philadelphia people get them " "From England." and where do the English get them from ?" "From France." "But where do the French get them from?" "Why right straight from the Devil-now stop your noise."

11. October 9, 1857 Wilmington Journal Wilmington, NC
Article from Wilmington Journal, October 9, 1857

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From New York. NEW YORK, Oct. 3.-The steamer St. Louis will take the place of the steamer Star of the West, for Aspinwall, but will not sail till the 7th of October. E. W. Clark & Co., announce that the suspension of Clark, Dodge & Co., will not interfere with their business. Nothing has been done in Wall Street since the failure of Clark, Dodge & Co. Money is irregular. Merchants' notes generally have been promptly met. J. W. Clark & Co., brokers, have failed. There is nothing new in financial affairs. The merchants generally have paid their notes due to-day, and there has been less withdrawing of funds from the banks. Affairs generally are better than yesterday.

12. October 10, 1857 The Weekly Minnesotian Saint Paul, MN
Article from The Weekly Minnesotian, October 10, 1857

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Financial Crisis-New York Money Market. NEW YORK, Oct. 3. Messrs. Clark, Dodge and Co., bankers, have suspended. This has been a gloomy day in Wall street, the suspension of Clark, Dodge & Co. exercised a most depressing effect upon the market, already burdened to its full capacity to sustain. Owing to a failure of the Southern mail from here on Thursday to connect at Philadelphia and to reach here to-day, hence about $800,000 which should be liberated to-day will remain in the sub-treasury till Monday. The feeling of the stock exchange is now a total depression. It received a severe shock by the failure of Clark, Dodge & Co., who were supposed to stand above casuality.— The sole cause of their suspension is said to be the blockade in exchange. They have a surplus of over two millions. The only additional failures of note are Ely, Bowen & McConnell, and Gage, Sloan & Dayton. The receipts at the Sub-Treasury were $444,000, and the payments $283,000. The receipts include $200,000 transferred from Boston. The Reading R. R. went to protest yesterday in Philadelphia, on a note of $10,000.The company continue payment of their coupons and there will be no interruption of the trains of the road. The banks report that payments have been very prompt to-day, and the banks have shown considerable liberality and rendered assistance judiciously in numerous cases. At the second board stocks were better and closed strong. The rise therein is from one-half to three per cent. The California remittance will be at hand by Monday. It will help to restore confidence and to inaugurate a better condition of things in all branches of commerce.