16118. Manhattan Savings Institution (New York, NY)

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: September 23, 1873
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: a28af93e

Response Measures

Accommodated withdrawals

Description

Multiple contemporaneous newspaper accounts (Sept–Oct 1873) report a run of depositors on the Manhattan Savings (corner Bleecker & Broadway). The bank met all demands, did not suspend payments, and the run subsided with many deposits returned. The run was part of the wider panic of 1873 (macro/systemic).

Events (1)

1. September 23, 1873 Run

Cause: Macro News
Cause Details: Part of the wider financial panic of Sept 1873 (panic/market distress) prompting depositors to withdraw funds
Measures: Bank paid all demands without availing itself of the thirty days' notice; officers continued payments and later business returned toward normal
Newspaper Excerpt: At the Manhattan Savings Bank a long line of depositors presented themselves in the morning desirous of drawing out their money, but the bank readily met all their demands
Source: newspapers

Newspaper Articles (7)

1. September 23, 1873 New-York Tribune New York, NY

Article from New-York Tribune, September 23, 1873

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Article Text

THE SAVINGS BANKS UNHARMED. SEVERAL TEMPORARY RUNS-GENERAL RESTORATION OF CONFIDENCE. Among the savings banks there was little variation in yesterday's business as compared with that of Friday, Saturday, and many previous days. A few of them alone experience anything like a run upon their deposits, and these not to such an extent as to excite anyapprehension as to solvency. All were seemingly prepared for the worst, and were most agreeably disappointed as the day passed on without any invasion of moment upon their cash assets. In anticipation of a general run, members of the police force had been assigned to duty in the different savings banks, and most of them had an easy task. The German savings banks were particularly quiet, a president in one instance informing a reporter that his bank had money on hand for any of his neigh bors who might be pressed. At number of the banks the rule requiring notice of the withdrawal of deposits over a stated sum was strictly enforced, the amount varying, and it is a somewhat singular fact that those meeting all demands were the only ones, with one or two exceptions, upon which there was any considerable run. EAST RIVERSAVINGS BANK. At the East River Savings Bank, on Chambers-st there was no variation in the usual business of the day President Whitney stated that during the morning a number of deposits had been withdrawn. and likewise a large number received, in neither case to such an ex tent as to excite comment. He knew nothing of the action taken by some of the savings banks' officers Sunday evening, and could not agree with them that any particular distinction at this time should be made in the withdrawal of deposits. His bank was paying all demands without regard to notice given. EMIGRANT INDUSTRIAL SAVINGS BANK. At the Emigrant Industrial Savings Bank a considerable amount of money was withdrawn during the day. Soon after the opening of the bank a large number of the depositors assembled, and the line formed to the paying teller's windows found constant accessions during the day. Controller David Ledwith stated that they were meeting all demands without regard to amount or notice, and apprehended no difficulty in continuing to so. Indeed, the present run was not 80 extensive as they had anticipated and had made preparations for. They were led to believe that it would be of short duration. The bank statement of Jan. showed an excess over liabilities of $790,129 The majority of those closing their accounts had comparatively small deposits, 80 that the amount paid out was not large. ATLANTIC SAVINGS BANK. At the Atlantic Savings Bank, on Chatham-st. there was no excitement; still. as a precautionary move, the officers have adopted the plan of requiring sixty days' notice in the withdrawal of all sums of over $100. CITIZENS'(SAVINGS BANK. The Citizens' Savings Bank experienced something of a run during the earlier port of the day. but before closing this had almost entirely subsided. They are paying all demands under $1,000. requiring notices for larger amounts. Those in the line early in the day were mostly new depositors, the older and heavier ones having perfect confidence] in the bank. President Quintard remarked, as an evidence of the class now withdrawing their deposits, that up to p. m. probably not more than $25,000 or $30,000 had been paid over the counter. He was satisfied that no extensive run need be anticipated, but was well prepared to meet all demands. ORIENTAL SAVINGS BANK. Everything was as quiet as usual at the Oriental Savings Bank, on Grand-st. President Buckmaster stated that many had visited the bank during the day to make inquiries as to their deposits, and had departed satisfled of their security-many, perhaps, coming with the intention of drawing, and returning with only such as they required for use. In such cases no advantage was taken of the law requiring notice of such intention. As evineing a general confidence in the institution, the cashier stated that a number of new accounts had been opened during the day, and that no inconsiderable amount had been received on deposit. BOWERY SAVINGS BANK. Before the opening of the Bowery Savings Bank it was evident that a run was to be made, from the erowd of depositors that gathered around the doors. The trustees met and decided to pay all claimstor the present, believing that the run would not last long and not interfere with,the regular business. It was understood that should it continue, they should take advantage of the 60 days' notice, even then using their own discretion in the matter, and paying larger claims, to relieve suffering or inconvenience. Throughout the day and evening the steady run continued, the number at no time greatly crowding the bank. One by one they drew their deposits, losing nearly three months interest by doing 80, 80 that they alone are the losers and the bank is in no way inconvenienced. A very great many before long were convinced of this fact, returned to the bank and again deposited their money, begging that their interest might not be sacrificed. An instance of this kind was mentioned by the President. Early in the morning a woman drew about $3,000, the earning of many years. Her anxiety to withdraw it was hardly equaled by her anxiety to return it a little later, and the loss to her of the $85 interest affected her very much. The scene deterred many from following her example. The President further stated that the majority of the deposits drawn were of small amount, and that the smaller the amount the more auxious the owners seemed to be to get it, so that up to 2 o'clock in the afternoon not more than $200,000 had been paid out, and in the same proportion during the afternoon and evening. The bank had more tban 60,000 depositors. He did not anticipate any extensive run. NEW AMSTERDAM SAVINGS BANK. The New-Amsterdam Savings Bank has experienced no run from its depositors. Yesterday was a quiet day at the bank, though considerable deposits were received. President Frohwein stated that they are more fortunate than a majority of the banks in having an abandance of small bills. having $116,000 in the safe. They proposed to help the neighboring banks as far as they could, and had already done so by furnishing one that morning with $20,000 in bills on bond security. MECHANICS AND TRADERS SAVINGS' BANK. At the Mechanics' and Traders' Savings Bank it was stated that some accounts had been closed during the day. and perhaps $20,000 drawn while the average deposits had been received. There had been no run sufflclent to excite comment. NEW-YORK SAVINGS BANK. The New York Savings Bank on Bleccker-st. was surrounded by an anxious crowd of depositors from the opening of the doors in the morning. o'elock the doorewere closed, the officers deeming that there were then as many in the building as they could pay during banking hours. Probably nearly 100 were then in walt ing. Little information could be gained, further than that considerable money had been withdrawn, and also many deposits received. The officers anticipate DO trouble in meeting all demands. PEOPLE'S SAVINGS BANK. At the People's Savings Bank the cashier stated that one or two large demands had been made, in which cases they had taken advantage of the rule requiring notice. In small amounts, $3,000 or $1,000 had been drawn, and more than made up by deposits. MANHATTAN SAVINGS BANK. At the Manhattan Savings Bank a long line of depositors presented themselves in the morning desirous of drawing out their money, but the bank readily met Nee Fourth Page

2. September 23, 1873 New-York Tribune New York, NY

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THE PANIC OVER. Continued from First Page. all their demands and the number was considerably diminished as the hour of closing approached. There were also a number of deposits made with this institu tion. and several new accounts were opened. Mr. Alvord, the Secretary, informed a TRIBUNE reporter that they did not see any reason why they should avail themselves of the legal time allowed, as they had been prepared thus far to meet all payments without the slightest embarrassment. GERMANIA RAVINGS BANK. The Germania Savings Bank was paying out more than It was receiving, but there was no indication of a run. The cashier said that they had vet no reason to take the legal time, and probably would not. NEW-YORK SAVINGS BANK. At the New York Savings Bank at Fourteenth-st and Eighth-ave. there was in the morning little demand for cash. The bank paid sums not exceeding $500. A8 the day advanced, somewhat of a run began, and increased to such an extent that the President, seeing that he could not pay every depositor in full, decided to give each one something, the amount depending upon the number that presented themseves. There was, how ever, stay in the panic toward the latter part of the afternoon, and many of those who had drawn out their money returned and redeposited it. TRADES' SAVINGS BANK. At the Trades' Savings Bank, at No. 275/Twenty-thirdst., there was no run, and C. B. Le Baron, the President, said that nothing had occurred to interrupt their ordi nary transactions He anticipated no trouble. and thought that the affairs of other similar institutions would soon become quiet again. ABINGDON SQUARE SAVINGS BANK. At the Abingdon Square Savings Bank the deposite exceeded the payments. G. N. Brown, the Secretary. said that a few depositors had called during day, but were satisfied on inquiry that there was no occasion for . drawing their money. OTHER SAVINGS INSTITUTIONS The Clinton'Savings Bank, on Eighth-ave was undia turbed, and at the Excelsior. on Sitxh-ave., there was run. The North River Savings Bank, at Thirty-fourth-et and Eighth-ave., and the Franklin, at Forty-second-st. and Eighth-ave. required thirty days for notification This was also the case with the Dime Savings Bank in Canal-st. Similar statements were met at the Security. Metropolitan, Central Park, and Dry Docks Savings Banks. There had been no unusual variation in the regular business. A notice of requirement of 30 days was posted up in the Central Park Bank. THE RULE OF REQUIRING NÓTICE INDORSED. An adjourned meeting of savings bank officials was held at the Fifth Avenue Hotel, last evening, to discuss further the situation and extend protective measures. Isaac T. Smith of the Metropolitan Savings Bank acted as Chairman, and William H. Waring of the Franklin Savinga Bank as Secretary. The following institutions were represented, numbering 23: The Metropolitan, Oriental, Central Park, Sixpenny, German Uptown, Eleventh Ward, Abingdon-square, Equitable, Teutonia, New-Amsterdam, Peoples', Mechanies' and Traders', Third Are nue, Citizens', Irving, Union Dune, Security, Emigrant, Franklin, Bowery, North River, Manhattan, and Ger man Savings Banks. It was reported that the Seamen's Savings Bank had been the first to carry out the rule adopted on Sunday evening with regard to notices from depositors. The majority of those mentioned above had also observed it. The Bowery Savings Bank had met all demands until p. in., paying out over $100,000. The German Savings Bank had been paying all day, and had disbursed about $175,000. The Manhattan, Citizens, Union Dime, and Mechanics and Traders' had also paid all demands. The banks that had required the notice had found that their depositors quickly understood the necessity of the rule, and betrayed no loss of confidence It was attended with the best of results wherever followed. A resolution was adopted as follows Whereas, It has been ascertained by the reports of the various savings banks represented here this evening that the adoption to-day by many of them of the recommendation of the meeting of last evening. that notice be required from depositors, has met with their general approval, and has had the effect of allaying all excite ment a the institutions which have adopted it; therefore Resolved, That this meeting do recommend that the provision requiring notice be generally adopted by the savings banks of this city. It was directed that copies of the resolution be sent to all banks which have not yet agreed to its observance All those present expressed themselves as contident that the excitement was about over. The meeting adjourned. subject to the call of the chairman. SERVICES OF THE POLICE. Superintendent Matsell ordered, yesterday, Detective Warlow, at present in command of the detect ive squad, to sendeight of the detectives to Wall-st. and to keep the remainder in the Police Headquarters building ready for any duty which might be required of them during the day. The detectives assigned to Wall-st. re mained there all day. and were busily employed in watching for pickpockets in the crowds which gathered around the doors of the suspended banking firms. After few hours of idleness the Police Headquarters detectives began to be called upon for the duty which the Superintendent had suspected would be necessary when he had withdrawn the men from their usual work Orders had been issued to the captains of the police precincts to telegraph at once to Police Headquarters the fact of any 'run" being begun by the de positors in a savings bank. Soon after 10 o'clock telegram was received that the Manhatian Savings Bank at Bleecker-st. and Broadway, was beginning to be unusually crowded with customers. Superintendent Matsell at once summoned a detective, and, after informing him of the situation of affairs at the bank, gave him orders to go to the bank and remain there during the day, to guard the depositors from being robbed by pickpockets, and to remove from the bank any suspicious person whom they might see. Information in regard to runs upon other eavings banks quickly followed, and, as each report was received, a detective was given similar orders, and was sent to the threatened bank. In the course of the day nearly every detective thus reserved was detailed to the duty described. The police captains had also received orders in respect to detailing men to goard bank ing-houses and savings banks whenever it might become necessary to do so. Patrolmen on duty near the savings banks received orders from their respective captains to report at the station-house f there was any indication of a run on such institu. tions. As soon as the information was received a squad of police was sent to the bank: the people at its doors were marshaled into line, and crowds were prevented from gathering on the sidewalk Capt. Clinchy of the Fourteenth Precinct personally took command at the Bowery Savings Bank, and, with the aid of several policemen, succeeded in maintaining perfect order among the multitude that sought to enter the bank doors, and also kept the sidewalk clear for pedestrians. The Sixth Precinct police, undea the command of Capt. Kennedy, maintained order in a similar manner at the Citizens Savings Bank, at the Bowery and Canal-st.; Capt. Byrnes of the Fifteenth Precinct at the Manhattan and the Bank for Savings in Bleecker-st.; and Capt. Washburne of the Ninth Pro einet at the Greenwich Savings Bank, at Waverley place and Sixth-ave THE FUGITIVE SECRETARY FRANK STATEMENT OF HIS FATHER-THE SON LAST

3. September 30, 1873 The Middlebury Register Middlebury, VT

Article from The Middlebury Register, September 30, 1873

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THE MANHATTAN SAVINGS BANK. The rush of depositors to the Manhattan Savings Bank, corner of Bleeker street and Broadway has greatly decreas. ed in number. On Tuesday only sixty depositors presented their drafts which in the aggregate amounted to not more than $5000. This Bank is paying all deposi. tors without availing themselves of the thirty days notice The officers state that the run has subsided, and they infer that it will not recommence. BANKERS OPINIONS ON THE PANIC. Mr. Vail, President of the Bank of Commerce said that confidence had been very greatly improved. He thought that the action of the government in buying five-twenties had been highly beneficial in loosening greenbacks. President Jordan of the Third National Bank, expressed similar opinions, saying that he saw no reason why all the banks should not now go along in a quiet and regular manner. A number of other prominent bankers and brokers who were questioned in regard to the financial situation, were upan. imous in the opinion that affairs wore a far brighter aspect in every respect, and that the crisis was entirely over. Some thought that the action of the Bank presidents in issuing loan certificates should have been taken earlier, but all said that this, with the purchase of bonds by the government, had aided greatly in restoring confidence, and that there was no ground for apprehending further disaster. One banker said that he thought that the cash value of stocks was the best indica. tions of the improved state of feeling. New York Central stock having been ac. tually sold and delivered this afternoon at 8 97 ex-dividend while 103 was the highest quotations last week.

4. October 2, 1873 New-York Tribune New York, NY

Article from New-York Tribune, October 2, 1873

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THE SAVINGS BANKS STRENGTHENED. MONEY FLOWING BACK-THE DEPOSITORS REGRET THEIR FORMER FOLLY. The business of the up-town savings banks has steadily increased since the early part of last week. Their officers are considering how they may prevent a recurrence of a loss of confidence and the consequent run upon the banks. Some of them believe that a notice of one year should be required in place of thirty or sixty days. Again, this sudden demand for ready cash for deposits made might be obviated by the issue of certificates of deposit, which, once brought into use, might prove as easy of negotiation as other mercantile paper, and certainly as safe. This would free the banks from the necessity of sacrificing securities to meet demands. None of the officials anticipate any further excitement at present, but deem that, until some change is made in the banking laws, such scenos are liable to recur at any time. The custom of meeting all demands from depositors has been continued at the East River Savings Bank. During the week ending Saturday evening $53,000 was received on deposit, and considerable money was returned. Of the $150,000 paid out at the Emigrant Industrial Savings Bank on the Monday of the run, Mr. Donnelly, Assistant Controller, states that probably 60 per cent has been returned by the original depositors. He said that it was an amusing scene to see them come in and, with very sheepish looks, make excuses for having drawn out their deposits. The managers hope in the course of a week to take down the card requiring notice on the withdrawal of deposits. Confident that all excitement is at an end, the officers of the Citizens' Saving Bank have resumed the payment of all deposits, and the card requiring notice is withdrawn from sight. During the week past about $65,000 has been received in deposits-a very fair percentage of the total amount withdrawn during the first days of the excitement. At the Bowery Savings Bank the requiring of notice is also practically discontinued. Money is paid in any amount to those actually requiring it, and the rule of notice is only enforced in the case of those who still find cause for anxiety. At the Metropolitan Savings Bank the rule requiring notice of the withdrawa of deposits is still enforced to some extent, the officers using 'their discretion in the matter. T. W. Lillie, Secretary, says the stories of depositors to gain their money have proved an endless source of amusement. Notices have been received of the withdrawal of between $60,000 and $70,000. and Mr. Lillier argues that the persons should be compelled to take their money, as part return for the trouble occasioned the bank, and not permitted to withdraw the notices, as many are already doing. At the Manhattan Savings Bank business has resumed the ordinary routine. or the $240,000 withdrawn on Monday of last week, much has been returned. At the Sixpenny Savings Bank the rule requiring notice is still in force. Few demands are received, except from regular business men, and these are met. About 80 notices, representing $25,000, have been given. The German Savings Bank is meeting all demands, BIGH Dues

5. October 2, 1873 Ellsworth American Ellsworth, ME

Article from Ellsworth American, October 2, 1873

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on the Savings Banks of the city of New York. in Bleecker street, opposite Crosby, continues. but In a much less degree. The customary legal thirty days notice is not require d by the bank officers, who are paying all who make their appearance, without regard to the amount. The body of the bank is crowded with depositors, who are calmly awaiting their turns to be paid. Upto Wednesday about 8150.000 had been paid to the depositors, who in these cases lose the interest they could otherwise have drawn on January next. No uneasiness is telt by the bank authorities, as they state they will be able to meet all demand which may be made against them. "THE MANHATTAN SAVINGSBANK." The rush of depositors to the Manhattan Savings Bank. corner of Bleecker and Broadway. has greatly decreased in mm bers. On Tuesday only sixty depositors presented their drafts. which in the stare. gate amounted to not more than 85,000. This bank is paying all depositors without availing themselves of the thirty days notice. The officers state that the run has subsided. and they infer that it will not recommence. BANKERS OPINIONS ON THE PANIC. Mr. Vall. the President of the Bank of Commerce, in an interview. said that confidence had been very greatly improved. He thought that the action of the government Mathing the twenties had been highly beneficial in loosening greenbacks. President Jordan. of the Third National Bank, expressed similiur opinions, saying that he saw no reason why all the bank should not now go along in a quiet and regular manner. number of other prom meat bankers and brokers who were quess tioned in regard to the financial situation unanimous in the opinion that affairs wore a far brighter aspect in every respect. and that the crisis vas entirely over. Some thought that the action of the bank president. in issuing loan certificate - should have been taken earlier. be all said the this. with the purchase of bonds by the government, had aided greatly in estorIng confidence. and that there was no ground for apprehending further di-rate One banker said that he thought the case value stock was the best indica ion the improved state of feelings New Yor Central Stock having been actually and delivered : his hernoon at 97 ex-dividead. while 103 was the highest quoi last week. GOSSIP AND JOI THINGS. The Scythes the Grangers new paper. cently started here. has some terrible in its second number on the panic. and causes The Soy'h take the ground that there will be the greatest erashever Know before January, and hows why in is inevitable. The paper is a great success One of the most beautiful and perfect things to be seen 18 the musi it line. is at the piano establishment of Horace Waters & Son. of 481 Broadway. It le styled the New Cancerto Parlor Organ The speel alty of this strument is 11 its concer stop. which is produ ed by an extra set reeds. o looed. as to resemble the human volce -triking manner. INSIDER General News. The Financial Sitration. LETTER FROM PRESIDENT GRANT. The Attitude of the Government. PREPAYMENT OF THE NOVEMBER INTEREST. WASHINGTON Sept. 28. The following letter written to-day : EXECUTIVE MANSION. , ASHINGTON. Sept. 28. 1873. Mears. II B. Cartin and Chas: L. Antho Gentlemen-In response to the views you have communicated to me touching the present stringency in the money market of the country and the necessary steps to store confidence and legitimate trade and commerce. I have the honor to communicate the following: The Government is desirons of doing all in its power to relieve the present unsettled condition of business affairs. which is holding back the immense resources of the country now awaiting transportation to the seaboard and market. Confidence on the par of the people the first thing needed to relieve this candition and arrest the threatened destruction of business with its accompanying disastersto all classes of the people. To re-establish this feeling the Government is willing to take all the legal measures at its command. but it is evident that no Government efforts will avail without active co-operation of the banks and moneyed corporations of the country With the $14,000,000 already paid out in the purchase of Government Indebtedness and the withdrawal of their large deposits from the Treasury the banks are now strong enough to adopt a liberal policy on their part by a generous system of discounts to sustain the business interests of the country. Should such a course be pursued the 844,000,000 reserve will be considered as money in the Treasury to meet the demand of public necessity as the circumstances of the country may require. Close attention will besgiven to the course pursued by those who have meaus at their command of rendering all the aid necessary to restore trade to its proper hannels and condition. With a view of strengthening the hands of those who carry out the measures above Indicated orders have already been issued for the prepayment of the interest accruing in November. (Signed) U.S. GRANT.

6. October 2, 1873 Ellsworth American Ellsworth, ME

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Our New York Letter. The Runon Savings Banks Depositors Grow ing Calmer-Opinions of Bankers on the Situation-Gossip and Jottings. [From our Special Correspondent.] NEW YORK. Oct. DEPOSITORS GETTING CALMER. The run which commenced last Monday on the Savings Banks of the city of New York. in Bleecker street, opposite Crosby, continues. but In a much less degree. The customary legal thirty days notice is not require d by the bank officers, who are paying all who make their appearance, without regard to the amount. The body of the bank is crowded with depositors, who are calmly awaiting their turns to be paid. Upto Wednesday about $150.000 had been paid to the depositors, who in these cases lose the interest they could otherwise have drawn on January next. No uneasiness is telt by the bank authorities, as they state they will be able to meet all demand which may be made against them. "THE MANHATTAN SAVINGSBANK." The rush of depositors to the Manhattan Savings Bank. corner of Bleecker and Broadway, has greatly decreased in unnbers. On Tuesday only sixty depositors presented their drafts. which in the agaregate amounted to not more than 85,000. This bank is paying all depositors without availing themselves of the thirty days notice. The officers state that the run has subsided. and they infer that it will not recommence. BANKERS OPINIONS ON THE PANIC. Mr. Vall. the President of the Bank of Commerce, in an interview. said that confidence had been very greatly improved. He thought that the action of the government Intbuying live twenties had been highly beneficial in loosening greenbacks. President Jordan. of the Third National Bank, expressed similiar opinions, saying that he saw no reason why all the banks should not now go along in a quiet and regular manner. A number of other prom* ment bankers and brokers who were quess tioned in regard to the financial simulon. preminimons in the opinion that affairs wore a far brighter aspect in every respect. and that the crisis entirely over. Some thought that the action of the bank presidents in issuing loan certificate PS should have been tiken earlier. bu all said the this. with the purchase of bonds by the government, had aided greatly in estorIng confidence, and that there was no ground for apprehending further di-rate One banker said that he thought the case value of stock was the best indica ion Oil the improved state of feeling, New Yor Central Stock having been actually sold and delivered this hernoon at 97 ex-dividead. while 103 was the highest guo ation last week. GOSSIP AND JOTTINGS. The Soyths, the Grangers new paper. recently started here. has some terrible hits in its second number on the panic. and its causes The Sey's take the ground :na there will for the greatest erashever know D before January, and hows why it is inevitable. The paper is a great success. One of the most beautiful and perfect things to be seen 111 the musical fine. is a' the piano establishment of Horace Waters Sou. of 481 Broadway. It is styled the New Concerto Parlor Organ The speci alty of this instrument is in its concerto stop, which is produ ed by an extra set of reeds. toned. as to resemble the human voice in a Very -triking manner. INSIDER

7. October 2, 1873 Public Ledger Memphis, TN

Article from Public Ledger, October 2, 1873

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LATEST TELEGRAMS. AMERICAN PRESS ASSOCIATION. VIA S. P. AND A. TELEGRAPH COMPANY. Specials to the]Ledger. NEW YORK. New YORK, October 2.-A pleasant dinner was given to Wilkie Collins, the famous author, at the Century Club, last evening. Sixty or seventy guests, mostly men of letters, journalists and artists, residents of New York, were present, including Park Godwin, Dr. Prine, M. Marbury, John Harper, Whitelaw Reid, Professor Drissler, Jas. Parton, Bret Harte, John Hays, R. Stoddard, Carlton Lewis, E. C. Studmon, Thomas Nast, and others. Speeches were made by Collins, Nast, Prine and Godwin. The Liberal Republican primaries held a meeting last evening to elect three delegates and three alternates from each assembly district to the Liberal Republican State Convention at Elmira October 8th. The business of the up town savings banks has steadily increased since the early part of this week. None of the officials anticipate & recurrence of the panic at present, and a run on the banks is not likely to be renewed. A large proportion of the deposits withdrawn during the,exeitement have been redeposited. Several of the savings banks have resumed payment of all deposits on demand, being confident that the excitement is at an end. Among those who have done so are the Citizens', Manhattan, and German Savings Banks. The prospect in Wall street is brightening daily. Money is returning rapidly to the coffers of the large banks, and the demand of National and State Banks for currency and discounts now receives prompt attention. Foreign exchange is easier, and the crops which were blocked up in the harbor are already moving across the ocean. It is generally reported that a large number of railroad shares have been absorbed by legitimate investers at panic prices, transferred to the names of the owners, and carried out of the street.