16408. North River Bank (New York, NY)

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: state
Start Date: October 13, 1857
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 06058fe0

Response Measures

Full suspension, Books examined

Other: Receiver appointed (A. B. Hays); bank was expelled from Clearing-House and later reinstated/resumed business; substantial liquidation of debts and later restoration.

Description

During the Panic of 1857 the North River Bank experienced a heavy depositor run (Oct 12-13, 1857), suspended specie payments on Oct 13, 1857, went into receivership, and was later restored and authorized to resume business (receiver discharged and bank to resume in Aug 1858). Cause of the run/suspension is the 1857 financial panic (macro_news). OCR errors in articles corrected (e.g., suspended specie payments dates inferred from publication dates Oct 13-14, 1857).

Events (4)

1. October 13, 1857 Run

Cause: Macro News
Cause Details: Part of the general Panic of 1857 — widescale runs and deposit withdrawals across New York banks during Oct 12-13, 1857.
Measures: Paid out large amounts of specie to depositors; then posted notice suspending specie payments (i.e., stopped paying specie over the counter).
Newspaper Excerpt: This bank ... experienced a heavy run ... they paid out $50,000 in gold and silver. Yesterday morning the doors were opened, but a bulletin was immediately placed outside announcing ... that they had suspended specie payment.
Source: newspapers

2. October 13, 1857 Suspension

Cause: Macro News
Cause Details: Resolved to suspend specie payments in the face of heavy, system-wide withdrawals and panic affecting many New York banks.
Newspaper Excerpt: The North River, the Merchants' Exchange and the Ocean Banks have resolved to close immediately.
Source: newspapers

3. August 11, 1858 Reopening

Newspaper Excerpt: The Judge ordered judgment ... that the Receiver deliver the assets to the Bank, and that the Receiver be discharged. It is stated that the Bank will resume business in a few days.
Source: newspapers

4. * Receivership

Newspaper Excerpt: A. B. Hays, the Receiver of the Bank, took into his possession assets amounting to $1,236,488.52 ... The North River Bank was expelled from the Clearing-House to-day as it is going into liquidation. The receiver of the North River Bank is about to be released from his duties, and that the bank will resume business in a few days. The assets of the bank are set down as $779,413 46. The Judge ordered judgment ... that the Receiver deliver the assets to the Bank, and that the Receiver be discharged. It is stated that the Bank will resume business in a few days (Aug 1858).
Source: newspapers

Newspaper Articles (20)

1. October 13, 1857 Evening Star Washington, DC

Article from Evening Star, October 13, 1857

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TELEGRAPHIC NEWS From the Associated Press Agent. The Financial Crisis, &c. NEW YORK, Oct. 12-The stock market in 10. day In a state of extreme depression. The feeling among merchants is one of great discouragement, but decideely in favor of the banks maintaining specie payments. The bank officers at a meeting held to-day declared unanimously that they would maintain specie payments all hazards. It is rumored that strong efforts are making by Albany banks to compel the New York city banks to suspend, and that the Governor expressed his willingness to call an extra session of the Legislature immediately, if necessary, to meet such an emergency. Among the resolutions passed bythe bank officers to-day the following: "Resolved, That in the judgment of this meeting no further contraction of loans is necessary, nor will there exist any.onstacleto such expansion of them as will afford necessary aid to bring forward the crops and alleviate the present commercial distress, unless it sball be created by the demands of causeless alarm." Two small city banks recently established are reported to have failed this afternoon. The report needs confirmation. There is a general drain upon all the banks In various ways, but the only serious features is the Inclination shown by depositors in some of the old banks to punish them for refusing facilities in the way of discounts. by drawing their deposits. The street is unusually excited. The Grocers' Bank of this city has suspended. It is understood that the bank contractions for the week will exceed $5,000,000. BUFFALO, Oct. 12.-The Pratt Bank has closed its doors. BOSTON, Oct. 10 -The Transcript learns from official sources, that in consequence of a delay in remittances from the East, and almost a total suspension of paper negotiations here, the Michigan Central Railroad has found it necessary to postpone the payment of its bills payable, until it can realize funds from the proposed subscription to its bonds on the 10th of November next. The payment of the coupons will be continued as usual. Sr. LOUIS, Oct. 12.-A. J. McCreary & Co., dry goods dealers, have suspended Also, Doane, King & Co., and Collins, Kirby & Co. The liabilities of the latter are about $1,000,000 each. AUGUSTA, Oct 12-The Southwestern Railroad Bank and the Bank of South Carolina, located at Charleston, have failed. There was quite a run on all the banks of Charleston to-day. NEW ORLEANS. Oct. -The failure of Messrs. Coming & Co., of New York, will not affect the Southern Bank. There are rumors this evening of some failures, but they are not authenticated Business is unsettled. [SECOND DISPATCH.] NEW YORK, Oct. 13-The Marine, Pacific, Irving, Merchants' Exchange, North River, New York Exchange, Citizens, and Ocean banks have suspended-eight in all. E. Fish & Co., and Brown & Cary, merchants, have suspended. Also, the Chatham and Bull's Head banks have suspended

2. October 14, 1857 The New York Herald New York, NY

Article from The New York Herald, October 14, 1857

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THE PANIC IN NEW YORK. COMPENSION OF EIGHTEEN CITY BANKS. Tremendous Excitement in Wall Street. SCENES AND INCIDENTS. THE RUN ON THE SAVINGS AND DISCOUNT BANKS, Important Meeting of Bank Presidents at the Clearing House. Virtual Suspension of all the Banks in the Metrovolis. Appointment of a Committee to Congult with the Governer at Albany. Position of the Thirty-three Solvent Banks. New York Merchants Getting Relief in Rhode Island. Interesting from the Pennsylvania Le. lisiature. THE SUSPENSION OF THE BANKS LEGALIZED. THE FINANCES OF THE NATIONAL GOVERNMENT. MEETING OF THE BOSTON BANK PRESIDENTS. Condition of Finances in Virginia and Tennessee. SHIPMENTS OF WESTERK PRODUCE, &c. &c. &c. THE FINANCES OF THE FEDERAL GOVERNMENT. Annexed a given an important statement, showing the present and prospective condition of the finances of the United States government:$85,318,265 Appropriations for the present from year 27,168,743 Amount expended to Oct. 13 Amount of funds on hand €,109,000 €,000,000 Amount devoted to mint operations 1,800,000 Current receipts per week No more government stock will be redeemed, except perhaps some little which may be surrendered to BOOFFOW. Five thousand dollars only were redeemed to-day. The Secretary of the Treasury has been forced x step redeem. mg the public debt, M the has requires that the amount ca hand, exclusive of the six millions for mint purpose, shall not be reduced below six millions. Secretary Cobb will issue official notice to morrow, that having redeemed all the Ualled States stock which be is authorised by law to redeem in advance, no further stock will be purchased as the Treasury for the present. The amount already redecised will, H is believed. greatly relieve the money market. THE BANK FAILURES YESTERDAY. IN WALL THAET-GENERAL PANIC IN THE CITY--SIGEPEEN CITY BANKS SUSPENDED. Since the financial crimis has been upon us the city has not passed through so severean excitement M was wit a yesterday. is an early hour in the day remore were rife the several of the city banks bad suspended, and immediately the visinities of the different in stitutions mentioned, and in fact of all the banks to the city, were surrounded with maxions and alarmed crowds, whose excilement was not allaged by soeing the ominous accouncement on the door of the closed banks, "This bank has suspended. Wall street in particular extibited a scene which M ha not presented since the terrible Lines of 1837. The banks were literally beseiged. not alone by those parties any interested, but by multitudes of Idlers and alarmists. To such an exient did this reach that the aid of the police had to some instances to be called in to ens bio the clerks to transact bcsiness Oc the street the panic manifested itself to thousands of clarmed passing herriedly along from bank to bank, OF gaming in silems siupor from the apposite sidewalke at the crowds ascending and descending the steps of the banking houses upon which the excitement reemed to concentrate. It may be hardly necessary to may that much of this alarm was needless; but when we look at the actual number or banks which suspended during the day-irrespective of the vague rumors with reference to others fying around through an already over excited community-it is no wonder that the equanimity of the city should have been seriously discurbed. The basks which closed yesterday are as follows:1-North River Back 167 Greenwich street 2-Ocean Bank Cor. Faken and Greenwich

3. October 14, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, October 14, 1857

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Their loans were reduced $17,000 yesterday, and the specie $45,000. Bills receivable during the balance of this month, $500,000. LEATHER MANUFACTURERS' BANK. The Leather Manufacturers' Bank has closed its doers. MERCHANTS' EXCHANGE BANK. This Bank, located at No. 185 Greenwich street, suspended specie payments at 20 mnutes before 11 o'clock yesterday. During the time it was open, a large amount of specie was demanded and paid-our reporter could not learn the exact amount. The run upon this institution was mainly by depositors, and aton ded with much the same features as those already relat ed of the other banks. MANHATTAN BANK. The h 'ank of the Manhattan Company lost $140,000 in specie. MARINE BANK. The Marine Bank alosed its doors in the forenoon, in consequence of in in junction laid upon it by some of its stockholders. The hank needed only $40,000 to carry it through. Although it had ample security none of the Banks would land a dollar. It had NewYork stocks, but could not 2. aise $10,000 on $19,000 worth of them. MARKET BAN. 8. A very large crowd gathered 4 bout this back (located at the corner of Beekmen an d Pearl streets) as early as 11½ o'clock, and their effort to effect an entrance were 80 pressing that five polie emen found plen ty of employment in keeping the door ways passable. Depositors were present in strong force, and deposits were passed out to a great extent. But still 1 they came, and the stream of gold that passed from b ehind the deeks of the paying-tellers was dried up about 1 o'clock p. m. A notice was then stuck a, on the door, that the bank had suspended specie pey ment, but would remain open for the payment of notes. This gave great dissatisfaction to many among the crow outside, and some of them behaved 30 badly that the Police deemed it necessary to interfere to prevent a disturbance. MECHANICS' BANK. The Mechanics' Bank experienced a considerable run, commencing soon after 10. To checkholders they paid out notes as long as they lasted. Then they were compelled to pay everything in specie-in which about $130,000 was paid. MECHANICS AND TRADERS' BANK. The Mechanics' and Traders' Bank, in Grand street, paid every dollar up to 3 o'clock, the closing hour. MERCANTILE BANK. The Mercartile has nearly $60,000 less of specie in its (offers. MERCHANTS' BANK. The Merchants' Bank, out of nearly & million of speeie, paid $160,000. They paid out more bills than ever in any one day before. METROPOLITAN BANK, The Metropolitan Bank paid out something lover $200,000. NORTH RIVER BANK. This bank, one of the oldest in the city, whichris located at the corner of Greenwich and Dey streets, expèrienced a heavy run, in common with the other banks in that part of the town on Monday. During that day they paid out $50,000 in gold and silver. Yesterday morning the doors were opened, but a bulletin was immediately placed outside announcing to & large and anxjous crowd that they had suspended specie payment. This was received with ill humor by the congregated expectants of gold in exchange for their checks, but the announcement soon had the effect of diminishing the crowd. It may with truth be said that this institution has been run upon for more than a week, as they have for the past ten days been paying an average of $5,000 a day in specie to depositors. NASSAU BANK. The Nassau Bank paid out $80,000 in specie, paying straight through. NATIONAL BANK. The National Bank paid out some $43,000 in coin, which leaves it $458,000. BANK OF NEW-YORK continued to pay demands until ? o'clock, when the run became 50 great that they ran out of gold and were compelled to occupy the remainder of the time in certifying checks. The doors were kept open until 31 o'clock. Over $300,000 in cash and bills of other banks was paid out.

4. October 14, 1857 The New York Herald New York, NY

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At the second board there was quite a buoyant time in the stock market. The small amount of business transacted was pretty generally at better prices. Missouri State G's advanced x per cent; Reading Railroad, 4; Passma Railroad, 5; Chicago and Rock Island, 3; New York Central Railsond, 2. Theimprovement in some of the railroad stocks this afternoon warsomething strange, in the face of the complete annihilation of public confidence. It will be seen that the improvement was confined to three or four of the most speculative railroad stocks, and that all the sales under the advance were for cash. The excitement in Wall street to day exceeded anything ever before seen in that excitable locality. From one end to the other the sidewalk and the street were covered with a dense mass of people, engaged in drawing gola from the different banks, or as mere lookers-on. The banks ware crowded with bill holders and depositors, and the culward current of gold was strong and rapid. The impression in the early part of the movement was, that the Well street banks would go safely through and meet every demand against them, but the army of clai mants increased as the hours run on, and bank after bank went down until some of the oldest, and what were believed to be, up to the last moment, the strongest institutions in the street, had closed their doors and announced a state of suspension. The muspensions to day were as follows:-Irving Bank, Bank of New York, Citizens' Bank, Merchants' Exchange Bk., Marine Bank, North River Bank, N. Y. Exchange Bank, Bt. Niobolas Bank, Butchers' and Drovers' Bk., Ocean Bank, Chasham Bank, Buil's Head Bank, Tradesmen's Bank, People's Bank, Broadway Bank, Artisana' Bank, Leasher Manufacturers' Bk. Market Bank, At the slose this afternoon the following banks had not suspended, and many of them announced their ability to go through a good many days equal to this:American Exchange Bank, Manhattan Bank, Bank of Commerce, Merchants' Bank, Oriental Bank, Mechanics' Bank, Atlantic Bank, Union Bank, Importers' and Traders' Bk. Bank of America, Mercantile Bank, Phoenix Bank, Pacific Bank, City Bank, Fulton Back, Bank of Republic, Bank of North America, Continental tank, Hanover Bank, Commonwealth Bank, Nassau Bank, Metropolitan Bank, shoe and Leather Bank, Chemical Bank, National Bank, Corn Exchange Bank, Mechanics' and Traders' Bk. Dry Dook Bank, Greenwich Bank, New York County Bank, Park Bank. Seventh Ward Bank, Bank of State of New York, According to this eighteen banks suspended to-day and thirty-three closed in full and active operation. It will be osen that with one exception all the old Wall street banks yet stand, and we have no doubt most of them can " through If It shall be deemed the best policy to prepare for the dght. It was clearly evident to-day that a new ele. ment of discord and distrust was at work. The run upon the banks to-day was evidently from a more powerful party than has heretofore appeared in the field. The demand to day was principally from depositors. Very few checks were paid in gold over the counter, but the bills were taken by the drawer of the check, and then in a new movement demanded the gold. The banks in paying checks paid out the bills of different city insiltutions, and these bills, as soon M assorted, were presented at the dif. farent banks for gold. It is a very extraordisary fact the the aggregate amount of specie drawn from al the suspended banks to-day was not equal to onequarter the amount in their vaults. The run upon the banks to-day was evidenly by the mercantile classes, a portion of which have become exasperated by the conManal contraction of loans and discounts. A# soon as 11 became apparent that such a movement had been fairly nangurated the banks most apprehensive suspended to protect their discounts. In sautting down upon their depoadtors they retain more or less security for their loans, for . many cases parties owing the banks en promissory notes not due were drawing their deposits down to the last dolar. So far as this goes the banks acted in self defence. The belief has been long entertained by many active busiases men that a suspension of specie payments would reLieve the pressure, and that the banks would in some way avoid the penalties of a suspension. This pollor has been powerfully advocated and appeared quite plausible. The determination of the banks to resist a suspension and Its penalties has created a better feeling among that portion of the community apprehansive of failure on their individual account, and the drat active operation of this faction was visible (a-day. It WM from the first indication of such a feeling

5. October 15, 1857 The Daily Dispatch Richmond, VA

Article from The Daily Dispatch, October 15, 1857

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THE FINANCIAL CRISIS. We subjoin additional particulars in relation to the financial pressure, which seems to be extend ing over almost every section of the Union. At an early hour yesterday morning, the Farmers' Bank of Virginia, and the Exchange Bank of Vir ginia, in this city, suspended specie payment. The announcement created no excitement as such an event was ex pected: and so far as we have been able to judge from conversation on the streets, it is generally regarded as judicious measure. un der the circumstances We have observed no ma nifestations of alarm among bill holders, in conse queuce of the suspension. The Bank of Virginia still holds out against the pressure It will be observed by our special dispatch, that the Branch of the Farmers' Bank of Virginia at Petersburg. spended yesterday but the branches of the Bank of Virginia and Exchange Bank, con tinned pay specie. BANK OF THE STATE OF SOUTH CAROLINA The Charleston Courier of Monday thus alludes th the suspension of the Bank of the State of South Carolina: we have before stated the notes of the Bank of the State are secure beyond all question Hay ing the whole credit, and the power of taxation of the State sustain them. they are better secured than the notes of those banks in New York 4 elsewhere which have deposited dollar for dollar in stocks, to secure their redemp having to be sold at the market depreciation. in order to redeem the notes. far as the proceeds will Haring then, the fullest idence in the of would mend them to the unity as lation answer would the local of trade. The purposes banks of the city. we think. ought to take them their counters. under certain and pay them out for certain purposes. It true there penalty recovered. at the suit of the State where one bank pays out the notes of another: but case like the present. the State certainly could not take advantage of her own wrong. and course for penalty hich is the only one that will preserve the credit and currency of her notes, and which furnishes the only means lief o a community perfectly sound and solvent pressed to the utmost point of pecuniary durance, for the want of those facilities which the banks are accustomed to afford: but which. under the present pressure. impossible The funds of the State and all the means of the city are now only to be in Bank of the State as also alarge amount of desposits, the pro perty and only available means others Should the Banks decide to reject these notes. the result will be disastrous: many substantial houses in this community must be dishonored and when that begins, who can say stop. There are many who would be glad pretext to remit exertions. and await until the over. storm is of the many poorer class, with money in their hands. must suffer rious inconvenience The small notes of this Bank large of so this part circulation. city that there is thing to supply its place: if that is tl jected, needed coin small could not be found. and endless would distress be the result AFFAIRS YORK NEW IN The bank officers of New York held meeting the Clearing House Tuesday morning and to maintain specie payments at all hazards. passed plausible resolutions about influx of specie from California; the probable ceipts from Europe, in obedience to the trade; the circulation of coin from the States Treasury and B natural tendency cumulate the banks invoke They community to sustain them in their tain specie payments, and conclude with the lowing That in the judgment of this meeting even for this object, DO further traction of nor will there exist any obstacle to such an expansion of them as will afford the aid bring forward the crops and alle ate the present commercial distress unless it shall be created by the demands of causeless alarm. Yet, in the face of these resolutions, unanimous ly adopted, and despite weekly statement which all things considered, must be regarded as remark ably strong, the telegraph the same day the enspension of fifteen banks and at late hour the night: report comes that the bank officers had held another eeting and upon general suspension. It was day of great excitement, the follow will show: NEW October Wall YORK, street been has cked The to-day all business paralized. The Post of this afternoon. There has been some drawing by depositors, banks from the city for nun of past. carried on though quietly there was.the first decided of It was particularly against the North River, Ocean and Merchants first Banks The named was reduced $10,000 A three o'clock. coin then had of the officers of the lead banks proper course be pursued If the com menced this morning the advice was to close the doors once. soon as the hour for drawing checks arrived this morning, the depositors showed unmistaka withdraw determination balances their gold. They paid long enough to assure the the that officers process would that on and go AD exhaustion of their means was only a question of few hours The North River, the Merchants' Exchange and the Ocean Banks have resolved to close immediate ly. The intelligene spread over the city rapidly alarm of fire. In an hour more the Marine Bank added to the list. Knots of bank direc in other seen officers and consultation The alarm was every banking room. tablished mic. who dents yesterday would the of asuspension. be gan share rnation. Soon after Nicholas. the People Butch ers'and Drovers Bull Mead. Bank of New York Irving, Market Chathan Tradesme 's and New York Exchange Banks all announced their inabili ty to continue specie payments. Heavy runs upon the Cont inental Metropolitan, American Ex change, Nassan and Phenix Banks followed, but all of met demand the them David Leavitt Esq. of the American Exchange Bank, made speech to the crowd. declaring his determinati pay to the last dollar. He also announced that an had made with several of the strongest banks to go through with out suspending The officers of one of the princi pal Wall street banks advised its dealers yesterday that it would not take certified checks on deposit without reserv ing the right return them if not made good at the clearing-house The quence was that gold was drawn from all the banks that were not This another through day go aggralikely vated the excitement among dealers, and it is un some heaviest the that of derstood have houses drawn gold and replaced it as special deposit, with the understanding that it might be counted in the average The street isfull of rumors, with eager crowds at every corner The country bankers here are numerous, some telegraphing their own banks, and others awaiting the results of events during the day. Of course if suspension here general it is inevitable the suspension will follow throughout the State, if not throughout the conn try l'he Broadway, the Artizans' and the Leathe also Bank Manufacturers' n. and nally the suspe nsion of the Bank of the State of for alogue York ends making the New -day, the total suspensions o-day number eiget and Jea ing thirty -three selvent institutions. The grea portion of these, however, will, it is expected, to-morrow. stop The Merchants Exchange Bank refuses to pay either specie or bills. only certify ing checks The Bank of North America was protested this after noon. Several of the banks held open till after three o'clock, the nsual hour of closing, meeting every demand others shut down promptly at the regus lar hour. leaving large number of applicants to try again All of the savings banks paid up prompt ly. THE B NKR RESOLVE TO SUSPEND The following is the official report of the meet ing held in New York Tuesday evening The Banks hav all resolve to suspend specie payments fax as paying at the counter is con cerned and to make regular exchange of encl others bills at the Clearing House. It has also been resolved to send committee to confer with of the Governor in refere nce to calling meeting the Legislature The committee will leave for Al to-morrow at 12 o'clock. bany THE EFFECT IN BOSTON.

6. October 15, 1857 The Weekly Portage Sentinel Ravenna, OH

Article from The Weekly Portage Sentinel, October 15, 1857

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Financial Matters in New York. NEW YORK, Oc. 13.-The following banks of this city, suspended this morning: The Marine, Pacific, Irving, Merchants' Exchange, North River, New York Exchange, Citizens' and Ccean banks, in all, numbering eight banks. The Chatham, Bull's Head, Market and St. Nicholas Banks have also suspended. (SECOND DISPATCH. NEW YORK, Oct. 13.-The bank suspensions have attracted a dense crowd into Wall street this afternoon, while other business streets were comparatively desert. ed. In addition to those announced up to two o'clock, the Tradesmen's Bank, Artisan's Bank, Butchers and Drover's Bank, and the Bank of New York have since sus. pended. It is feared that a general suspension is now inevitable, though several of the old banks announce their ability and determination to continue specie payments. It is reported that the Marine Bank is stopped by an injunction obtained by one of its cus. tomers, and it is presumed that the same course has been pursued with regard to oth. er banks. By this means the penalty of winding up which attaches to the act of suspension is evaded, and it is generally thought that the suspension will, in most ca. ses, be only temporary. This understanding tends to relieve some of the excitement. [SECOND DISPATCH.] To-dey has been the most exciting one in financial matters. Up to 2 o'clock filteen of the city banks suspended specie payments, of which the following is a revised list, viz: The Bank of New York, Arti. zan's, St. Nicholas, Chatham, Ocean, Market, Butchers & Drover's, Merchant's Ex. change, Irving, Citizen's, Tradesmen's, Bull's Head, New York Exchange, North River and Morine. Wall street at 2 o'clock was crowded with an anxious mass of people The steps of all the banks were blocked up by people forcing their way into the banks. At the American Exchange Bank David Leavitt addressed the crowd, assuring them that the banks would pay all to the last dollar. He also announced ithat an arrangement had been made with several of the $ strongest banks to go through without suspension. It is believed, however, that the suspension will be general. It is understood that some of our heaviest f e houses have withdrawn their gold from the banks and replaced it as a special deposit. There were rumors during the day effecting d nearly all the banks in the city. The above list gives all that certainly suspended up to three o clock. S The run on the Brooklin Savings Bank h was renewed to-day, but with less vigor, the bank paying promptly. Several raifures among the dry goods firms are announced, but none of them are very prominent. d [THE LATEST ] The run upon the Mechanic's, Merchant's Bank of America, Manhatter, and Ame ica

7. October 15, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, October 15, 1857

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pacified. All is now quiet. Several thousand dollars in gold were deposited. NORTH RIVER BANK. This institution remained in the same position as on Tuesday, doing no business other than receiving payments on notes. When our reporter visited the Bank yesterday the managers had not yet determined whether they would, like the other Banks, continue business or go into liquidation. NEW-YORK COUNTY BANK. The amount of specie on hand at the close of the day's transactions was $18,267 63. The heaviest part of the business by far was done by 12 o'clock; after that hour until the time of closing it being rather light. They anticipate no further trouble. ORIENTAL BANK. There was no excitement about this bank on Wednesday morning. It has conformed to the arrongment of paying out no specie It pays out its bills, and certifies checks. The bank has been a creditor at the Clearing House for the past four days, and had, on closing up its business on Tuesday evening, $41,000 in specie agend. A considerable amount in gold was deposited in this bank by different persons yesterday. OCEAN BANK. The doors of this institution were opened yesterday, but there was no business being done of any kind, not even receiving payment on notes. While our reporter was there one gentleman presented himself with $2,000 in certified checks to take up an accept. ance, but the checks were refused and gold demanded, but not paid. In answer to the demand for gold, the gentleman replied that he thought it not only cool," but impudent," for & Bank to suspend specie payment and then demand gold in payment of notes. This Bank is doing business as usual on the same terms as the other Banks. PARK BANK. Nothing extraordinary occurred at the Park Bank. PACIFIC BANK. At this bank there was available in specie on Wednesday morning fifty-six thousand dollars. The transactions of the day were not quite as heavy as usual. There has been no "run," 80 to speak, on this institution, although the drain of specie was progressing slowly but steadily, and received & considerable im pulse for an hour or two just before the close of banking hours, in consequence of the sudden and extensive excitement in the lower part of the city, which seemed to increase momentarily. But a night's reflection had dissipated to & great extent the panic, and the business of the bank approached very near its usual level. The deposits for the day amounted to ninety three thousand dollars, some four thousand of which were in gold. About severty thousand was paid out in bills, and after paying the Clearing House, the amount in specie left on hand was forty-two thousand dollars. This, although very near, is a little leas than the ordinary business. PEOPLE'S BANK. The ordinary business was carried on-about the same in amount and character as on Saturday last. They paid out to-day nearly $7,000. There was no excitement or "run" whatever. The day was one of unusual quiet, and the panic in this quarter is evidently on the wane, and will soon apparen ly cease entirely. SEVENTH WARD BANK. The business of this institution went on as usual yesterday. Before suspending, $48,000 in specie was paid out. There remains in the vaults gold and silver to the amount of $177,000. No specie deposits had been made during the day. Our reporter called after bank hours to inquire the amount of business done during the day, but was informed that the balance sheet would not be struck until & late hour. ST. NICHOLAS BANK. The St. Nicholas Bank settled its differences at the Clearing House, as usual, in cash, and is now in good standing among the banks. Some gold has been reDeived on deposit, $8,000 or $9,000, and the business generally is much as usual. SHOE AND LEATHER BANK. The Shee and Leather Bank received about $12,000 in specie on deposit. The business generally has not been extraordinary. TRADESMEN'S BANK. This inetitution paid out $10,000 in specie and $190,000 in bills, and then su-pended with $22,000 in specie the vaults. On Wednesday they were doing the usual business, except paying in specie. A deposit of $200 in specie was made on Wednesday morning. The bank is represented as sound and able to meet all its liabilities at an early day. At the close of the day the bank had received in bills and collections $40,000, and paid out $60,000. UNION BANK. This bank opened its doors at 10 o'clock and resumed the transaction of its ordinary business, with the exception of paying coin. Certified checks and the bils of other banks, and in some instances coin, were received on deposit; checks were certified, and when it was required bills were given in payment. When the doors were opened about thirty persons took their places in line and awaited their turn. Matters continued thus until the hour for closing the doors.

8. October 16, 1857 Wilmington Journal Wilmington, NC

Article from Wilmington Journal, October 16, 1857

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From the Special Dispatch to Baltimore Sun. An Exciting Day In New York-Heavy Run on the Banks-Suspension of Specie Payments by Eighteen Banks-Others Holding Out, &c. NEW YORK, October 13.-Wall street has been blockaded to-day. The excitement was intense and all business paralyzed. The Post of this afternoon says : There has been some drawing by depositors from the city banks generally for a number of days past, though it was carried on quietly. Yesterday there was the first decided manifestation of a systematic run. It was directed particularly against the North River, Ocean and Merchants' Exchange Banks. The first named was reduced $10,000 in coin at three o'clock. A conference was then had with some of the officers of the leading banks as to the proper course to be pursued. If the run recommenced this morning the advice was to close the doors at once. As soon as the hour for drawing checks arrived this morning the depositors showed an unmistakeable determination to withdraw their balances in gold. They were paid long enough to assure the officers that the process would go on, and that an exhaustion of their means was only a question of a few hours. The North River, the Merchants, Exchange and the Ocean banks resolved to close immediately. The intelligence spread over the city as rapidly as an alarm of fire. In an hour more the Marine Bank was added to the list. Knots of bank directors and ot her officers were seen in consultation in every banking room. The alarm was now an established epidemic. Residents who yesterday would not admit the possibility of a suspension, began to share in the common consternation. Soon after the St. Nicholas, the People's, Butchers' and Drovers', Bull's Head, Bank of New York, Irving, Market, Chatham, Tradesmen's and New York Exchange banks all announced their inability to continue specie payments. Heavy runs also upon the Continental, Metropolitan, American Exchange, Nassau and Phoenix banks followed, but all of them met the demands. David Leavitt, Esq., of the American Exchange Bank, made a speech to the crowd, declaring his determination to-pay to the last dollar. He also announced that an agreement had been made with several of the strongest banks to go through without suspending. The officers of one of the principal Wall street banks advised its dealers yesterday that it would not take certified cheeks on deposit without reserving the right to return them if not made good at the clearing-house.The consequence was that the gold was drawn from all the banks that were not flikely to go through another day. This aggravated the excitement among dealers,

9. October 19, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, October 19, 1857

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W. B. Dunean, of the banking-house of Duncan, SherMAD & Co., and his family. The business at the banks is moving on quietly. Nearly all the State money which has been received over the counters thus far, has been deposited with the Metropolitan Bank for certificates, to be used in settling Clearing-House balances. The amount in the aggregate already exceeds half & million. This has temporarily reduced the volume of currency, in the place of which the public have the gold drawn from bank during the panic. To augment the safety of the present system of receiving currency at par, the banks are requiring the free banks to put up additional securities with the Bank department; and the safety-fund banks which are at all doubtful, to place a certain amount of securities with Metropolitan Bank. In regard to loss, if any, which may eventually result from the State currency, which is represented by the Metropolitan certificates, it is not fully decided what course will be adopted, but it will probably be charged pro rata to the banks in the Clearing-House, according to their capitals. The North River Bank was expelled from the Clearing-House to-day as it is going into liquidation. The Grocers' has applied for reinstatement. The Bowery, we hear, is about to be relieved from its receivership, and go on as before. A dividend of 50 P cent on the deposits of the Mechanics' Banking Association is being paid to-day. At a meeting of the Board of Directors of the Manbatten Company, this date, Mr. John S. Harberger was asanimously appointed assistant cashier. The following is the list of banks received in deposit at the Metropolitan Bank at par:

10. October 20, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, October 20, 1857

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tonard Philode: bia; bat to long as New.Y k CODtimuce to be the great monetary Clearing Hocke of this country. capital CARDO be driven away for such cause. The Weekly Bast Statement was looked for with much interest, and has been generally received as more faverable than was anticipated The figures of the specie reserve are more than & million larger than W&8 looked for, and the banks probably hold to-day & million more than is shown in the average. This result shows that as before noticed the banks have been receiving back over their countersthe gold which was drawn from them on Tueeday. The premium on gold is 80 small that many parties choose to deposit it in bank again. The line of loans is down nearly to $97,000,000, showing that & sharp contraction was going on during the latter portion of last week. The figures are now lower than at any time since January, 1856. The run of Monday and Tuesday is most fully shown in the deposits. which show a falling off in the undrawn line of $6,460,000. The actual decrease since July last reaches the enormous amount of $47,344,620. The circulation which was reduced during the run has been issued again, and this item shows an increase of about half a million. It must be remembered that in addition to the specie, the banks hold probably over two millions of State currency, which is as available as specie in Clearing-House settlements and in payment of checks upon them. The comparison with last week is 88 follows: Circulation. Deposits. Loans & Dis. Specie. $63,301,681 $7,523,599 $ Oct. 10 $11,476,294 $101,917,569 Deduct North 586,241 122,707 42,073 940,336 River Bk $62,715,440 $7,400,892 $11,434,221 $100,977,223 52,894,623 8,087,444 7,843,230 97,245,826 Oct. 17 $9,820,817 Decrease 13,590,991 $3,731,397 $684,549 Increase The North River Bank having been expelled from the Clearing-House, sent in no statement to-day. The transactions of the Clearing-House were in the aggregate $20,000,000 less than for the previous week, which reduces the loss of Deposits to about $6,400,000, as follows $62,715.440 Oct 10, Deposits 13,556,505 Average Clearings $49,158,935 Undrawn Deposits $52,894,623 Oct. 17, Deposits 10,198,617 Average Clearing $42,696,012 Undrawn Deposits $6,462,923 Decrease

11. October 21, 1857 The Burlington Weekly Hawk-Eye Burlington, IA

Article from The Burlington Weekly Hawk-Eye, October 21, 1857

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Suspension of Eighteen Banks--Resólusion of others to Suspend. [From the New York papers of Wednesday.| Since the financial crisis has been upon us the city has not passed through so severe an excitement as was witnessed yesterday. At an early hour in the day rumérs were rife that several of the city banks had Buspended, and immediately the vicinities of the different institutions mentioned, and in fact of all the banks in the city, were surrounded with anxious and alarmed crowds, whose excitement was not allayed by seeing the omisous ammouncement ou the doors of the closed banks, "This bank hassuspended." Wall street in particular exhibited a scene which it had not presented since the terrible times of 1837. The banks were literally besieged, not alone by those particularly interested but by multitudes of idlers and alarmists.To such an extent did this reach that the aid of the police had in some instances to be called in to enable the clerks to transact business. On the street the panic manifested steelf in thousands of alarmed faces either passing burriedly along from bank to bank, or gazing in silent stupor from the opposite side walks at the crowds accending and descending the steps of the banking houses upon which the excitement seemed to concentrate. It may be hardly necesmry to my that much of this alarm was needless; but when we look at the notual number of banks which suspended during the day-irrespective of the vague rumors with reference to others flying around through an already over excited community-it is no wonder that the equanimity of the city should have been 80riously disturbed. The banks which closed yesterday are as follows:-North River Bank, Ocean Bank, Irving Bank, Merchant's Exchange, New York Ex. change, Citizens Bank, Marine Bank, Market Bank, Chatham Bank, Tradesman's Bank, St. Nicholas Bank, Butchers' s Drovers Bank, People's Bank, Bull's Head Bank, New York Bank, Leather Manufacturers' Bank, Artisans' Bank, and Broadway Bank. The Banks is Greenwich street closed their like mildfit --

12. October 28, 1857 The Spirit of Democracy Woodsfield, OH

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List of Suspended, Depreciated and Discredited Banks. Leather Manufacturers' Bank, New York City; Hudson County Bank, Jersey City; Broadway Bank New York City; People's Bank New York City; Bank of New York; Farmer's Bank, Petersburgh, Va; Union Bank, New Orleans; Marine Bank, N. Y. City; Tradesman's Bank, " " " " Artisan's Bank, Butcher's and Drover's Bank, New York city; Market Bank, New York City; " " St. Nicholas Bank, " " Pacific Bank, " " " " Irving Bank, " Merchants Exchange," " " North River Bank, " New York Exchange," " " Citizens' Bank, " " Ocean Bank, " " Chatham Bank, " " Bull's Head Bank, " " East River Bank, Pratt Bank, Buffalo, New York, Belleville Bank, Illinois; " Bank of Chester, Stock Security Bank, Illinois; " Corn Exchange Bank, Bank of Pike County, " State Bank of South Caaolina, Charleston;

13. February 14, 1858 The New York Herald New York, NY

Article from The New York Herald, February 14, 1858

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# Wor's efore the Legislature. HAY VS. LEAKE ES TE. Mr. Patterson introduced in the Senate a bill to determine the claim of James Hay to the real property and the proceeds thereof of John G. Leake, deceased. Sec. 1. James Hay is hereby authorized within one year from the passage of this act to serve upon the Attorney General a complaint, in which he shall be named as plaintiff and the people of this State defendants, in which complaint it shall be alleged that the plaintiff is the heir of John G. Leake, deceased, and that as such heir is entitled to the proceeds of the sales of the real estate, and also to the possession of any which remains unsold which belonged to the said deceased at the time of his death. Sec. 2. Within twenty days from the service of the said complaint the Attorney General shall serve an answer on the said plaintiff or his attorney, in which the several allegations contained in said complaint shall be denied. Sec. 3. The issue thus joined shall be noticed for trial by the plaintiff, and placed upon the calendar of the Supreme Court at any circuit appointed to be held in the county where by the plaintiff the venue shall be laid, and shall be tried by a jury. Sec. 4. From the joining of the said issue down to and including the trial and judgment, the same rules of practice of law and evidence shall be applicable to this case as are applicable to causes between individuals. Sec. 5 provides that should Hay obtain a verdict by which he is declared heir to the estate of the late J. G. Leake, then he is to enter into possession, after deducting the costs of suit, the same as if he had been a citizen of this State at the time of the death of Leake; but at the same time Hay is to be held for any legal claim by any other legal heir who may establish a claim. Sec. 6 allows Hay to use as evidence the testimony taken under two certain commissions issued by the Governor and Chancellor of the State of New Jersey. # SAVINGS BANKS. Mr. Sloan's bill on this subject is substantially as follows:- That wherever savings banks have heretofore been authorized by an act of the Legislature, and the persons so constituted for such bank have not duly organized according to law, or have only nominally organized without proceeding to business, or whenever in the exercise of duties as a corporation they have invested any moneys deposited with them as such institution in any different form from that required by law, there charters are repeated; their failure to make proper reports, or falsified reports, works a like forfeiture of charter. # NORTH RIVER AND GROCERS' BANKS AND THE MECHANICS' BANKING ASSOCIATION. Mr. Brandreth's bill relative to these institutions provides- 1. That their failure to publish (while under injunction) the statement called for by the law of 1853 shall not be deemed a refusal or neglect under the second section of that act. 2. On the return by the receiver of the surplus remaining in his hands, after liquidating all claims to the directors of these banks, it makes it lawful for the directors, within thirty days after such return, or after having resumed the business of banking, to reduce their capital to an amount which shall be then equal to the value of such property above their debts and liabilities, and the par value of the shares to be reduced in like ratio; but in no case shall their capital be less than $100,000. They may, however, subsequently increase their capital to the full amount (and no more) named in their original articles of association. 3. When the directors of these banks shall elect to so reduce their capital, they shall notify the Bank Superintendent, who shall cause their books to be examined, and if necessary to examine the officers and directors under oath; and the Superintendent, from facts so obtained, shall determine the value of such capital. It shall not be lawful, however, to reduce such capital to an amount less than the value so fixed by the Bank Superintendent. To take effect immediately. # RIGHT OF EMINENT DOMAIN. Mr. Sloan's bill, amending the act in relation to the appointment of commissioners to take property for public purposes, provides-That in all cases in which the law authorizes or requires the appointment, for the purposes of taking private property, to be used for public purposes, or making awards or assessments for public or local improvements, not less than thirty days notice of the application for such shall be given to all parties who may be in any way interested therein, in such manner as may be prescribed by the court or other authority authorized to make such appointments. # WAREHOUSEMEN AND WHARFINGERS. The bill proposed to be introduced by Senator Ames on this subject, provides- 1. That no warehouseman or wharfinger shall issue any receipt or other voucher for any goods, wares, merchandise, grain, or other produce or commodity to any person or persons purporting to be the owner or owners thereof, unless such goods, &c., shall have been bona fide received by such warehouseman, wharfinger or other person, and shall be in store and under his control at the time of issuing such receipt. 2. No such receipt to be issued as security for money loaned or other indebtedness, unless the merchandise is actually in the possession of the warehouseman at the time of issuing such receipt. 3. No warehouseman or wharfinger shall issue any second receipt for merchandise while any outstanding receipt is uncancelled, either in whole or in part. 4. The warehouseman shall not remove or transfer any merchandise beyond his immediate control where a receipt has been given, without the written consent of the party holding such receipt. 5. Any violation of the provisions of the act to be punished by a fine not exceeding $1,000, or by imprisonment in the State prison for a term not exceeding five years, or both. The parties aggrieved have the power to institute civil suits, also for all damages that may have accrued by reason of the violation of any part of this law. The act to take effect immediately. # SOUTH BAY STEAM FERRY COMPANY. Mr. Mills' bill to incorporate the Great South Bay Steam Ferry Company, constitutes S. F. Griffin, E T. Smith, J. W. Pelletreme, and others, a body corporate, with a capital stock of $15,000, with power to increase to $15,000, for the purpose of building and running steam ferries between New York and Katchabonnock, Suffolk county, with the usual powers of such corporations. # REFORM IN KINGS COUNTY PRISONS. Mr. Duryea's bill relative to the jails in Kings county, provides for the appointment of a matron to have charge of female prisoners, by the Board of Supervisors, at such salary as said Board shall fix; empowers the Board to make rules and orders for the classification, separation, employment, &c. of all prisoners in any county prison, and obliges sheriffs and jailors to obey such orders; obliges the separation of witnesses from criminals, of juveniles from adults, of parties charged with crime from those convicted, and forbids any association between them. It also authorizes and requires the Board to make proper provisions for the safe keeping of prisoners, at the expense of the county. # NEW YORK AND ERIE RAILROAD WAY FARE. The bill of Mr. W. B. Jones to regulate way fare on this road prohibits the company from demanding or receiving from way passengers any greater rate of fare per mile than is charged for through passengers, and imposes a fine of $50 for violation. # CENTRAL AMERICAN COMMERCIAL AND INDUSTRIAL COMPANY. Mr. T. Jones' bill to incorporate the Central American Commercial and Industrial Company names as corporators Mere. Erastus Corning, E. D. Morgan, John L. Schoolcraft, William J. Perkins, Charles B. Hoard, John Cochran, Henry H. Elliott, Walter S. Burgess, E. George Squier, Randolph Martin, Wald Hutchins, John H. Peck and John Anderson. The object of the company is to facilitate emigration to Central America. The capital stock of the company is not to exceed $300,000, in shares of $100. The bill confers the ordinary privileges granted to such corporations. # THE LIBEL LAW. Mr. Beach has introduced the following bill:- Sec. 1. In all actions for libel so much of malicious intent only shall be presumed by the fact of the publication as is necessary to sustain the action. Exemplary or vindictive damages shall only be awarded on proof of malice. Sec. 2. The jury may determine the amount of damage caused by any libellous publication without the production of specific proof thereof. # FIRST JUDICIAL DISTRICT. Senator Scott's bill relative to the Supreme Court of the First Judicial district provides- First That the power to grant, modify and dissolve injunctions in the First Judicial district shall be vested exclusively in the Justices of the Supreme Court in that district, as fully as the same was formerly vested in the Court of Chancery of the State, and gives the Justices full power to make such rules relative to this branch of their jurisdiction as they may deem discreet. Second. Provides for the election of three additional Justices of the Supreme Court for the First district at the next State election, to hold office for eight years. Third. Reduces the number of Justices of the Superior Court to three. Fourth. Provides that, by consent of either party, causes involving more than $5,000 may be transferred from the Superior Court to the Supreme Court. Fifth. Appeals shall be brought in all cases from final judgment of the Superior Court or Court of Common Pleas to the Supreme Court of the First district. # BOARD OF SUPERVISORS. Mr. Schell proposes to amend the law of last winter, relative to the supervisors of New York by digiditur

14. April 16, 1858 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, April 16, 1858

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The State Canals are to be opened on the 20th April. The business of the Clearing-House was $19,591,619. The Metropolitan certificates are reduced to $245,000. At the meeting to-day of the Cumberland Coal Company, Mr. E. H. Miller was elected a Director, and Mr. F. Bloodgood, who resigned yesterday, was reelected, vice Mr. E. W. Hinman, resigned. The amendments to the charter of the Company author. izing issue of a preferred stock, and also releasing the Company from the obligation to mine and ship annually a given amount of ecal, were ulanimously accepted. A circular embodying the plans of the Company is in preparation. The new parties who have taken hold of the affairs of this Company feel confident that with the increasing demand for this coal for locomotive and other steam purposes, and the reduced cost of transportation by canal and railroad, they can work the mines of the Company profitably. The bill in regard to the Mechanics' Banking Association, North River, East River and Grocers' Banks of this city, has become & law. This permits the reduction of their capital, and removes any objections which may have been raised by reason of their liabilities having been paid through Receivers. The annual meeting of the stockholders of the New Jersey Central Railroad for the election of nine Directors to serve for the ensuing year, will be held at Elizabeth. port on Monday, May 3. Three per Cent Treasury Notes are not plenty and are wanted for Custom-House purposes at 20 a 30c. ₽ $100. The Four @ Four and & half per Cents are worth about par, and the Five per Cents P cent premium. The cargo of the J ohn Gilpin, the loss of which ship we announ xed yes'erday, consisted of 6,394 bble., whale and 395 bble. sperm oil, and 227,693 to bone, valued at over $300,000. In COD. sequence of this wieck, bone has advanced, with large sales, 5c. t 1b. The movement of the Banks in the four principal cities of the Union, in which weekly reports are made, as shown by their last statements, is as follows:

15. April 16, 1858 The New York Herald New York, NY

Article from The New York Herald, April 16, 1858

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FINANCIAL AND C'OMMERCIAL. MONEY M/ ARKET. SURSDAY, April 15-6R M. The stock market was r n at all active morning, But prices generally wer . better. In New York Central and Erie Railroad the tendency from the opening to the alose was upward. a as a elight advance was realized. Bending and Chicago and Rock Island were in demand. Milwaukie and Mis aissippi was lower. The company inYeard issuing new mortgage bonds for the purpose of funding the Boathng debt and settling up a lot of odd ends in - financia', affairs. The new issue, we believe, will be for two Lmillson of dellars. Nicaragua Transit sold this merning at three per cent. There is yet no decided movement this stock, and we do not know that one is contemp) ated. The operations 80 far have been rather of a myst erious character, and not to an important extent. Par ac Steamship Company stock fluctuates strangely. By sterday it sold at 75; this morning it opened at 77 and wa off at 783/2 per cent cash. Hudson River Railroad Pappears to be about the steadiest stock in the market. The transactions at the early board to day were less than a hundred shares at the closing prices of yesterday. Gleveland and Toledo closed dull and heavy at 44 per cent. The seven per cent bonds of the company are selling at 58, only 9 per cent above the current price of the stock. Reading opened this morning at 48½ and left off at 47% per cent. The coal business is in a wretched condition, and all the carrying companies connected with it must be serious sufferers in their income account. They are in a fair ay of ruising each other in the reduction of tolls and freight. Erie Railroad stock is very scarce in the street, notwithstanding which prices are with difficulty maintained. At the first board to-day Virginia State sixes di clined 1/4 per cent; Cumberland Coal, 1/1; Reading, ½; Minois Central Railroad, 13/2; Milwaukie and Mississippi, 3/2. Missouri State 6's advanced 1/4 per cent; La Crosse land grant bonds, ½; Pacific Steamship Company, 2½; New York Central, ½; Erie, ½; Cleveland and Toledo, %; Pasama, %; Chicago and Rock Island, ½. Sixth Avenue Bailroad stock sold this morning at 103% per cent. The Broadway Parallel Railroad bill is about as good as killed. . would be impossible to construct the line, and half a dezen acts of the Assembly would do the projectors no good. No railroad can be built in our streets without the consent of the corporation, and their acts would be go. verned a good deal by the desires of property holders along any contemplated line. This is in accordance with the last decision of the Court of Appeals, and in accordance with the meaning and spirit of the constitution, which is a Baste abead of any single act of the Legislature. A meet leg of the stockholders of the Cumberland Coal and Iron Compary was held at the office of the company this morn. mg. Between thirty and forty thousand votes were cast for the acceptance of the amendments to the charter recently passed by the Maryland Legislature. The meet. ins was characterized by entire harmony of views on the part of those present, and a committee of five appointed to prepare a circular to be addressed to the stockholders, stating the terms and objects of the proposed payment. The changes in the management of the company, recently made, result in the election of Mesars. Samuel J. Tilden, CharlesGould, Robert P. Getty, David Palmer and Edmund B. Miller. At the second board the market was lower and closed heavy. Harlem fell off ½ per cent; New York Central Railroad, 1; Erie, 13/2; Hudsen River, %; Reading, 136; Geveland and Toledo, 1; Medigan Southern, old, ½; Galena and Chicago, %; Chicago and Rock Island, 3/4. There was a very small amount of business transacted and at the close the tendency was decidedly downward. After the board lower prices ruled. None of the large operatore made any movement this afternoon and sales were made principally by the weaker portion of the street speculators. Holders of the bulk of stocks in the market are able to carry the entire load, for it is the easiest thing in the world to hypothecate anything on the list with the most favorable mergins. There is no danger of may quantity of stock pressing for sale 80 long as money montinues plenty and 80 cheap. The Assistant Treasurer reports to-day as follows:$226,610 88 Total receipts 274,199 92 Total payments 3,831,476 52 Total balance The recepts to day include $71,000 from customs, and the payments include $28,000 in California drafts. The bill before the Legislature in regard to the Mechanics' Banking Association, North River, East River, and Grosers' Banks, of this city, has become a law. This allows of the reduction of their capitals, and removes any objecNone that may have been raised by reason of their liabiliMee having been paid through receivers. The transactions at the Clearing House to-day were as follows:$19,591,619 41 Total exchanges Total balances 1,803,548 19 The Metropolitan currency certificates now amount to $245,000. The movement of the banks in the four principal cities of the Union, to which weekly reports are made, as shown by their last statements, is as follows:Loans. Deposits. Specie. Circuln,

16. August 12, 1858 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, August 12, 1858

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LA W INTELLIGENCE. SUPREME COURT-CHAMBERS.--August 11.-Before Judge CLERKE, THE ENGLISH EMBEZZLEMENT CASE. Jonathan Peel, her Britanic Majesty's Secretary of State for the War Department, agt. James Sutton Elliott. It will be remembered that Judge Ingraham denied defendant application to be discharged from arrest, but with liberty to renew it on his affidavit. An order was subsequently obtained requiring plaintiffs to show cause to-day why the order of arrest should not be vacated. This order being returnable to-day, Mr. Whittaker, for the plaintiff, applied for a postponement, on the ground that he was awaiting information from England and Canada as to the counter claim set up by the deferdant. He expressed his willingness for an adjournment for forty days, with the understanding that upon his obtaining the necessary affidavits &c., from England and Canada, he would apprise defendant's coursel of the fact, and bring on the motion on two days notice. Mr. C. A. Seward opposed this, quoting the Latin maxim, Timeo Danaos ct dona ferentes, as applicable to the proposition of Mr. Whittaker. He spoke of the hardships Mr. Elliott was forced to undergo, and the issufficient accommodations at the place of his confinement. The Judge seemed inclined to deny & postponement, but remarked that he could not hear the argument to-day, 88 he was going to leave the Court at 12 o'clock. He finally ordered it to be postponed till Lext Wednesday, at 10 o'clock a. m. THE NORTH RIVER BANK TO RESUME BUSINESS. Hiram Cranston agt. The North River Bank. To-day Mr. Wm. G. Sterling, counsel for the North River Bark, made an application to the Court to enter judgment upon the report of Mr. Hamilton W. Robinson, the referee in this case. From Mr. Robinson's report it appears that Mr. A. B. Hays, the Receiver of the Bank, took into his possession assets amounting to $1,236,488.52 and paid out $517,323 11, leaving assets, including some steck of the Bank, taken in payment of debts to the amount of $779,413 46. The Judge ordered judgment to be entered that the Receiver deliver the assets to the Bank, and that the Receiver be discharged. It is stated that the Bank will resume business in a few days. ALL ABOUT A BAG OF POTATOES. Archibald Brown was convicted at the Court of Special Sessions for stealing a bag of potatoes, and was confired in the Tombs. To day, Mr. Alanson Nash, his counsel, applied for a writ of habens corpus, with & view of testing the legality of Brown's conviction, and in the event of the Court sustaining it, to procure his client's liberty on bail, pending the appeal, which will be taken to the Court of General Sessions. Judge Clerke granted the writ, returnable forthwith. Richard Lathers agt. DECISION. Thos. H. Smithe et al.-Motion granted, with $5 costa, to abide event. Before Judge INGRAHAM. THE INJUNCTIONS AGAINST THE GERMAN THEATERS, The Society for the Reformation of Juvenile Delinquents agt. Adolph Reinhart et al. The Same agt. Charles S. Eustachi, The Same agt. William Behr. This was an application to make permanent the prelin inary injunctions granted by JudgeDavies, restraining the defendants from giving any further theatrical representations without licenses. The particulars of the eases were given several days ago. This morning Judge Ingreham directed an order to be entered deay. 06 the motions without gosta.

17. August 12, 1858 New-York Daily Tribune New York, NY

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The business of the Clearing-House arge-$14,476,351. The annexed letter will be read with interest by the holders of the La Crosse Bonds: NEW YORK, Aug. 11, 1858. " Mecare. WHITEHOUSE, SON & Morrison-Gentlemen: In arewer to your inquiry, I have to state that the modified trust deed of the La Crosse and Milwhukee Railroad Company of January last limits the whole issue of bonds on account of the road from Portage City to La Crose to $4,000,000; and though I have ast conferred with my associate trustees on the subject, I am confident that no bonds beyond the $4,000,000 al. ready issued will be countessigned by the trustees, which shall be a lien on that part of the road, or on the lands to which the Company has been entitled. Very respectfully yours, GREENE C. BRONSON." At the time of the general Bank suspension in October last, A. B. Hays, esq., the then Cashier of the North River Bark, was, on the application of Mr. Hirem Creastom, a creditor of the Bank, appointed Receiver thereof, and proceeded to pay off its debta and obligations. O2 the 23d of April last an order of reference was made to Hamilton W. Robineon, eeq., to hear and determine the action between Mr. Cranston and the Back, and pass upon the accounts of the Receiver. The Referes has made-his report, from which it appears that the Receiver took into bis possession property and affects of the Bank to the amount of $1,236,488 52, at has

18. August 13, 1858 The New York Herald New York, NY

Article from The New York Herald, August 13, 1858

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Southern, 21½; Panama, 113½; Illinois, 73½; Galena, 83; Toledo, 34½; Rock Island, 73½; Pacific Mail, 81½. The market closed dull. The exchanges at the Bank Clearing House to-day were $17,452,263 89, and the balances $1,385,903 32. Metropolitan certificates $3,000. The business of the Sub-Treasury was as follows:— Total receipts.. $1,992,312 64 -Of which from customs.. 96,000 26 " for loan.. 1,807,000 00 Total payments.. 179,494 26 Balance.. 11,441,410 93 The Bank of Louisiana has declared a semi-annual dividend of five per cent, and an extra dividend of the same amount, payable to the New York stock- holders, less an exchange of ¼ per cent, at the Mer- chants' Bank in this city on the 6th proximo. The shares of the bank command 190. The Niagara Fire Insurance Company have de- clared a dividend of five per cent, payable on de- mand. There is no movement in foreign exchange, and the rates are a little lower. We quote bank and bankers at 109¼ a 109½. We observe that the receiver of the North River Bank is about to be released from his duties, and that the bank will resume business in a few days. The assets of the bank are set down as $779,413 46. The receipts of the Harlem Railroad Company were:— In July, 1857.. $93,364 66 In July, 1858.. 91,393 94 Decrease.. $1,970 72

19. August 14, 1858 The Daily Exchange Baltimore, MD

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Monetary and Commercial Rebiew. BALTIMORE, August 13, 1858. There has been a moderate business done in Stocks this week, the aggregate sales being nearly $370,000, the transactions at the Board to-day reaching about $70,000 Baltimore and Ohio Railroad has shown some little fluctua. tion through the week, opening on Saturday last with sales at $58 ¥ cash, $58 1/2 buyer 60 days; it afterwards sold at $59 cash, but to-day the sales were at $583, $58 % and $5834 cash, a decline of 3/4 since yesterday, $59 to $58 % buyer 60 days, and $58 % to $58% seller's option 60 days. There were some 4,700 shares of this stock sold during the week, of which 700 were to-day, when it closed at $58% bid, $59 asked, regular way; $58 % bid, $59 asked, buyer 60 days. The small difference between the cash and time rates is accounted for by the fact that there is very little cash stock offering. Northern Central has been rather heavy for the past few days. It opened last Saturday at $20 14 cash and short time, but during the week declined to $20, at which rate 850 shares sold to-day, both cash and buyer 60 days, and 200 shares at $19 %, leaving off at $19 3/6 bid, $20 asked regular way, $20 bid, buyer 60 days. There has been some little movement in Bank shares this week at about former rates, with sales to-day of 50 shares Mechanics' at $18 This description of securities is firm. In Canton there has been nothing doing; to-day $18 1/2 was offered. For Springfield Mining $2.1 was bid, $21/2 asked. Santa Clara Mining is held at $24 City Stocks have not been very firm. There were sales to-day of Baltimore 6's, 1870, at 97 1/4; 1886's at 98, and 1890's at 98%. Baltimore and Ohio Railroad bonds are scarce. The sales to-day were $1,000 1875's at 84, 1880's are held at 83 1/4 and 1885's at 85. During the week North ern Central 185 have shown some activity, but towards the close they exhibit a decline of about 3/4 per cent. from the opening. To-day there were no transactions, but they are held at 67 with 66 /4 bid. The last sales of NorthWestern Virginia were at 90 1/2 for 1st mortgage and 34 1/2 for unendorsed 3d mortgage. The money market is still without any material change. Most of our larger banks are unable to put out their re ceipts, and of course readily do all the good paper offered. There is very little of this paper on the street, and when met with prime single names are negotiated at 6 per cent. and good endorsed at 51/266 per cent. On call with City or State stocks as collateral loans can be effected at 5@6 per cent. The total value of foreign exports from the port of Baltimore for the week ending on Thursday was $189,621.The value of the foreign imports was $165,409, of which $44,407 were free goods, and $121,002 were dutiable. There was amuch better feeling at the New York stock boards to-day, and an improvement in prices of all kinds of fancies took place, the market closing steady. Canton advanced 1/2; Erie 14; New York Central 34: Reading 1): Panama 14: Cleveland and Toledo 1/2; Rock Island 1/4 Michigan Southern 1/2. and Hudson 1/2 The New York Times of to-day in speaking of the money market says: There are no signs to-day of change of rates in the Money Market, nor in the freedom of supply. Deposits continue to be left with the Brokers at 3@31/2 per cent., and demand loans are effected at from 3 1/2 to 5 per cent., according to the credit of the collateral security offered.We hear of transactions at 60 days, straight out, at 4 per cent. on Government Loan, with privilege to the borrower to return the money sooner, at his option. A number of the old Banks in the Street are more than willing to lend on this security, in exchange for part of the Specie reserve, which has been averaging of late far above their present or prospective wants. The old North River Bank has been taken out of the hands of the receiver, appointed after the troubles of last Fall, and is again restored to active business. The exchanges at the New York Bank Clearing House on Thursday were $17,452,263.89, and the balances $1,385,903.32 The business of the New York Sub-Treasury on Thursday was as follows: Total receipts $1,992,812 64 -Of which from customs 95,000 for loan 1,807,000 Total payments 179,494 : Balance 11,441,410 93 The Independent has the following in reference to the dry goods market: There is some improvement in the trade, but the activity is most shown in foreign silks and domestic prints and fancy cassimeres. The importations of new silk goods have been large, and bring out a fair demand from the jobbers. All desirable goods are firm in price, but the old stock, which is large, is sold only at a sacrifice. Heavy woollens have been imported at a reduced cost, and the stock here being already large, prices are declining. Buyers are sparing in their purchases. Domestic goods are rather weaker in price, especially delaines, the holders of which have got alarmed by the backwardness of trade, and are selling at a reduction in price. Prints of leading styles are in good demand, without change in prices. The importation of German cloths has been large, but these fail to command much consumption in the face of an overruling demand for fancy cassimeres. All prime qualities are firm in prices, but inferior goods are neglected. The market at New York is heavy for foreign bills, and the leading drawer has reduced his rate for sterling to 109% There is a better supply or outside bills, and the demand is quite limited. The following is a statement of the business done at Parkersburg Station on the North-Western Virginia Railroad for the month of July LBS. OF TONNAGE. REVENUE. SENT FROM PARKERSBURG. To Baltimore and Philadelphia 7,519,574 $26,478.16 1st Class Stations 76,634 216.54

20. September 25, 1858 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, September 25, 1858

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by the last Congress. He calculates D a revival to of imports to an extent which will et carry him on the Government, and absor 0 this amount at or before maturity. The Peace (Railroad) Jongress was in session again to-day, and the disc acions were harmonious. Nearly which point every b was taken up was amicably agreed npon, and Chere no doubt felt that the matters in dispute will arranged before the permanent adjournment. The basis generally adopted is that of the agreeme at of July 5th, at the St. Nicholas. The Conv ention was still in session last evening. We are authorized to say that the Board of Directors of the New-York, Providence and Boston (Stonington) Railroad Company have abandoned, for the present, the intention of leasing the New-Haven, New-London and Stonington Railroad Extension. The interest on the First Mortgage Bonds of the Milwaukee and Mississippi Railroad, will be paid on the 1st prox., by drafts on Milwaukee, with Exchange. The interest due 1st of October, on the 10 P cent Sinking Fund Bonds of the Pittsburgh, Fort Wayne and Chicago Road, will be paid at No. 37 William treet, the office of the company. The North River Bank has been relieved from its Receivership, and will recommence business on Monday next, at the same location as before. The bank has been thoroughly examined by the Superintendent of the Bank Department, and its capital, $316,000, pronounced full. Mr. Levi Apgar, a well-known grocer on the North River side, has been elected President and the former Cashier, and the late Receiver, Mr. A. B. Hays, has been reinstated in his position as Cashier. In settling the affairs of this bank, $339,000 of its own stock has been received in payment of debts. Every dollar the bank owed at the time of its suspension, has been paid in full. At a meeting of the creditors and bondholders of the Dubuque and Pacific Railroad Company, held at No. 44 Exchange place, New-York, to-day, Abram S. Hewitt was chosen Chairman, and John Kennedy was appointed Secretary. After free interchange of sentiment, the following preamble and resolution were submitted and unanimously adopted: Whereas, The plan submitted by the Board of Directors of the Dubuque and Pacific Railroad Company to the bondholders and creditors of said Company, on the 12th day of July, 1858, was acceded to by a majority of the said bondholders and creditors on the 2d day of September, 1858, with a condition that the stock to be issued in exchange for bonds and Moating debt under said plan should be of a preferred character; and Whereas, On investigation it appears that no stock carrying 8 preference can be legally issued by said Company: therefore, Resolved, That we, the bondholders and creditors present, do hereby agree to accept of said plan as proposed by the Board of Directors on the said 12th day of July, 1858, and we do recommend to the bondholders and creditors not present that they join us in such acceptance, provided each creditor may, at his option, take an equal amount of land scrip in lieu of any or all the fullpaid stock to which he would have been entitled under the plan proposed by the Directors. Among other important cases that are in preparation for trial at the present term of the United States Supreme Court, in Chicago, before Judge McLean, is that of George C. Bates V8. the Michigan Central and the Illinois Central Railroads, for possession of the valuable grounds on which the great Central Depot and adjoining buildings are located. The property in dispute is worth over a million of dollars. It is thought in Chicago that the case of Bates is 80 strong that the roads will offer some compromise. It is stated that the Little Miami, and Columbus and Xenia Companies, have nearly perfected the terms of a lease of the Dayton, Xenia and Belpre Road, between Dayton and Xenia, Ohio. Thompson's Bank Note Reporter says: We quote Land Warrants (Sept. 22) at the following rates: