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Shelbyville BankThere was considerable feeling in town last Saturday, produced by a publication received from Louisville, stating that the Shelhyville Bank had suspended, or was about to suspend. The excitement subsided, however, on receipt of later intelligence; and at this writing, the notes readily pass in business transactions,
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THE BANKS. NORTHERN BANK OF TENNESSEE.-This is one of the banks whose notes we noticed as being thrown out at the Bank of Tennessee, on Monday last. We are informed and requested to state, that this money has not been refused at any other bank. The Bank of Nashville was originally the agent of the North ern Bank at this place, and the officers of the State Bank not being aware of the change of agency, very properly refused to receive its notes af er the suspension of the Bank of Nashville. The Northern Bank is regarded as entirely reliable, and its notes are taken al par by all the banks. SUSPENSIC =It is currently reported in banking circles the Bank of Trenton and Exchange Bank (freet) and the Shelbyville Bank (stock,) have suspended. There is very little doubt of the truth of this peport. LAWRENCEBURG BANK.-The Cashier of this bank arrived in the city day before yesterday, as an noupoed.in the morning papers, but the "wagon loa of gold did not come. The notes are refused at the banks. -BANK OF NASHVILLE.-A statement of the condition of this bank will be found in our columns this morning To & man unacquainted with the mysteries of bank-craft, it looks as if there could be no doubt of the ability of that institution to discharge all its obligations and still leave a handsome surplus to the stockholders When we look at the disastrous consequences, not only to the bank and its customers and note-holders, but to the credit of the State and the entire banking interests of the oity, we are surprised that the other banks did not come forward, upon such a showing as the one we publish this morning, and furnish the means to sustain its credit" To us, wesay, it seems strange; but we are not initiated into the secrets of the craft, and our opinion is therefore worth abont as much as a bank-bill now-a-days, and that is just what it will pass for.
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Telegraphed to the New Orleans Crescent. b GRATIFYING INTELLIGENCE. 9 I CAPT. HERNDON SAVED. SIXTEEN OTHERS RESCUED. [BY THE NATIONAL AND SOUTHERN LINES.] FIRST DISPATCH. The Agent of the Associated Press is indebted to Mr. G. W. Oliver, of this city, for the following pri vate dispatch : NEW YORK, Oct. 1-Commander Herndon, of the Central America, and sixteen others, have been saved by the Adelaide. SECONDDISPATCH. NEW YORK, Oct. 1st.-It is reported here, on the authority of a private message, that Capt. Herndon, the heroic commander of the ill-fated steamer Central America, and sixteen others of her company aresafe, but we are unfortunately not informed as to the time, place and means of which their rescue was effected. THIRD DISPATCH. WASHINGTON, Oct. 1st.-Rumors are prevailing here that private d'spatches have been received, announcing the safety of Commander Herndon. The most intense excitement is felt as to the truth and details of the saving of the gallant captain of the Central America. d [NOTE.-In consequence of the prevalence of a thunder storm on the National line East of Louisville, we are unable to get any further dispatches.-Rep.] Financial News. d LOUISVILLE, Oct. 1.-Hutchings & Co., and John k Smidt & Co., bankers, have suspended. There is g much excitement in financial circles. it BOSTON, Oct. 1.-Owing to the depressed state of trade, several Lowell companies have chartered a y y ship to carry 5000 bales of cotton to Liverpool. CHARLESTON, Oct. 1.-The banks have resolved h not to suspend specie payments. on PHILADELPHIA, Oct. 1..-Money is somewhat easier and trade is more active. in LOUISVILLE, Oct. 1.-A dispatch to the Evening ed e. Bulletin says that the Exchange, Shelbyville, Lawd, renceburg and Trenton Banks of Tennessee have is suspended. 00 The run on Hunt & Co., of this city, ceased before ore the close of business. They are considered strong. as Sr. Louis, Oct. 1.-The Bank of Belleville, Illinois, ay has failed. las Moore, Hollowbush & Co., bankers, Quincy, Ill., all ar have suspended. xLOUISVILLE, Oct. 1.-All the bankers here except Hutchings & Co. and Smidt & Co., have met all their for liabilities to-day. ch rWASHINGTON, Oct. 1.-Two banks in Williamsth burg have failed. The Philadelphia banks are harmonions and are hg discounting liberally. et. Explosion. he ce PHILADELPHIA, Oct. 1.-A steam-boiler in the Ice Knickerbocker Plaster Works, in West street, exth ploded yesterday evening, injuring the adjoining Icbuildings, killing one young woman and badly inn. juring seventeen other persons. lia Charleston Banks. m CHARLESTON, Oct. 1.-The Presidents of our banks, at a meeting this morning, agreed not to susepend specie payments. Death of a Ship Captain. c., ost CHARLESTON, Oct. 1.--Thomas Dewin, late Caprs tain of the steamer Nashville, died last night of cony, sumption. eThe Fraser Forgeries. to CHARLESTON, Oct. 1.-The reported forgeries on nd John Fraser & Co., are destitute of foundation. as River Intelligence. tly ciVICKSBURG, Oct. 1.-The Edward Walsh passed irl down at P. M.
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LATEST Financial Intelligence. Washington, Oct. Two million dollars worth of United States stocks came in this morning for redemption. New York, Oct. 1.-The Farmers and Artisans Bank of Long Island, at Wil liamaburg, suspended to-day. The Illinois C. R. R. pays its coupons to-day. The Milwaukie and Mississippi R. pay theirs on the first mortgage bonds; but defaults on its income. The best of paper was done in the streets for two per cent. a month. Littie business was done at the Board of Brokers to-day. No quality of stocks could command asking prices. The bank shares were low di wn and no sales were made. A general meeting of merchants was called for to-morrow at 11 o'clock, to consider and, if posible, de cide opon the best course for the banks and business men in the present financial emergency: Charleston, Oct. 1.-Reported forger ies on John Frazer & Co.are unfounded. The Presidents of our banks held a meeting this morning, and resolved not to suspend. Toronto, Oct. 1.-R. II. Brett, private banker of this city, suspended this morn® ing. The asignees report the creditors will be paid in full. Columbus, Ohio, Sept. 30.-The Board of Control of the State Bank of Ohio, at a meeting held here to-day, animously adopted the following resolution "Resolved." That the branches of the State Bank of Ohio have the ability and will continue specie payments, regardless of what course may be taken by the banks of other States. Albany, Oct. 1.-The Bank Superintendent, Cook, accepts Judge Davi's re cent decision confirming the right of banking associations to reduce their se enrities deposited in the Bank Depart ment below $100,000 by returning circu. lation. As the decision was concurred in by Jodges Cranch and Wright, it was equal to an appeal to the full bench. Detroit, Oct. 1. The suspension of the Peninsular Bank causes intense excitement. The run on other r banks this morning is severe, principally by small bill holders. They redeem promptly, and to all appearances are very strong. St. Louis, Oct. 1. Bank of Belleville, III., failed. Banking house of Moors, Hollebush & Co, Quincy, 111. suspended on Monday. There was a run on Clagg & Savage, same place, but they sustained themselves, Pittsburg, Oct. 1. The old Bank of Pittsburg continues to pay all liabilities. Boston, Oct. 1. The failure of Lawrence, Stone & Co., dealers in dry goods, here, is announced to day. Boston, Oct. 1. The suspension of Lawrence Stone & Co., caused considerable excitement on the sts., to-day. Mr. Samuel Lawrence, sr. partner is in Europe, and Mr. Stade, financial mana ger. is seriously ill. The firm are agents fort the Bay State, Pemberton, N. England, Worcester end Middlesex Mills. Ira A Lo well, also, connected with the Pemperton mills, is reported tailed. The other failures announced are Benj Howard, commission merchant, Central Wharf; Richardson, Kendall & Co. Dry goods merchants, Milk st., and Jones, paper dealers, Water st. The banks did some discounting to-day, but not enough to ease the market. Dayton, Oct. 1. It is reported that a Cincinnati banker went into the Branch Bank a Piqua, to day with a carpet bag of bank notes to demand A of specie. mob citizens not connected with the bank, followed him and requested him to leave town immediately or take a lynching. The broker accordingly left without accomplishing his object. His name wasnnt ascertained. Louisville,Oct. 1. Hutchins & Co., John Smidt ers, a run AD suspended. Quite heavy & Co., on Hunt & Co., who thus far sustained them selves, and it is expected will meet all their liabilities. Louisville, Oct.1. A dispatch to the Bulletin says Exchange Shelbyville, Lawrenceburg and Trenton banks, Tenn, suspended Philadelphia, Oct. 1. Messrs. White Stevens & Co., and Lawrence, Stone & Co., who have a Branch have Reading in Railroad Boston suspended to-day. The Co. paid the company's dues to-day.
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Telegraph News. BOSTON, Oct. 1.-The failure of Measrs. Lawrence, Stone & Co., dealers in dry goods here, is announced to-day. The Concord R. R. Bridge at Hooksett, over the Merrimac, was burned last night from sparks igniting the roof. It was insured for $150,000. It will be immediately rebuilt. The suspension of Messrs. Lawrence, Stone & Co., caused some considerable excitement on State street to-day. Mr. Saml. Lawrence, sen. partner, is in Europe, and Mr. Slade, financial manager, is seriously ill. The firm are agents for the Bay State, Pemberton, New England, Worcester and Middlesex mills. Ira A. Lowel, also consected with the Pemberton Mills, is also reported as having failed. The other failures announced are B. Howard, Commission Merchant, Central Wharf Richardson, Kendall & Co., Dry Goods, Milk street and Peter C. Jones, Paper dealer, Water street. The Banks did some discounting to-day, but not enough to case the market. The best of paper was done in the street for 2 per cent. a month. Little business was done at the Board of Brokers to-day no quality of stocks command asking prices.The Bank shares were low down and no sales were made. A general meeting of merchants was called for te-moarow at 11 o'clock, to consider and if possible decide upon the course of the Banks and business men in the financial emergency. LOUISVILLE, Oct. 1.-Hutchins & Co., Jno. Snidt & Co., Bankers, have suspended.Quite a heavy run is made on A. D. Hunt & Co., who thus far sustain themselves, and it is expected will meet their liabilities. DAYTON, Oct. I.-Reported that a Cincinnati banker went into the Branch Bank at Piqua, to-day, with a carpet bag of bank notes to demand specie. A mob of citizens, not connected with the bank, followed him, and requested him to leave town or take lynching. The broker accordingly left without accomplishing his object. His name is not ascertained. PITTSBURGH, Oct. 1.-The old Bank of Pittsburgh continues to pay specie on all its liabilities. NEW YORK, Oct. 1.-Somebody got up a heartless hoax announcing the safety of Captain Herndon and sixteen of the passengers and crew of the Central America-consider able excitement was caused thereby. The Annual Convention of the Episcopal Charch of the Diosese of New York, commenced yesterday. To-day Bishop Potter delivered the Annual Address. Philadelphia, Sept. 27.-Gov. Pollock reached here on Saturday, having been summoned to a conference on the condition of the banks. A proclamation will be issued on Tuesday, convening the Legislature on the 5th of October. The old Legislature expires immediately after a new election, 80 that the extra session will be limited to one week. Whatever relief can be afforded is needed immediately or this call would be delayed. It is probable that the Legislature will put all banks on the same footing *including the Bank of Pennsylvania, against which adverse efforts will be made here. Its future business cannot be affected by this legislation, since it must depend on the con fidence of the community. Boston, Sept. 30.-The proposition to discount 10 per cent. of the capital of the Boston banks has been signed by all the rest of the banks, and the movement has given a brighter aspect to financial affairs. The failure of Butler, Hill & Co., was announced to-day. COLUMBUS, Ohio, Oct. 1.-The Board of Control, of the State Rank of Ohio, at a meeting held here to-day, adopted the following resolution Resolved, That the branches of the State Bank of Ohio, have the ability and will continue specie payment, regardless of whatever course taken by the Banks of other States. Philadelphia, Oct. 1.-White, Stevens & Co., and Lawrence, Stone & Co., who have a Branch House in Boston, suspended today. The Reading Railroad Company paid the coupons to-day. LOUISVILLE, Oct. 1.-A dispatch to the Bulletin says :-Exchange, Shelbyville, Lawrenceburg, and Trenton Banks, Tenn., suspended. A run on Hunt & Co., this city, ceased before closing business. They are considered strong. WASHINGTON, Oct. 1.-Two million dollars worth of U. S. stocks came in this morning for redemption. CHARLESTON, Oct. 1.-Reported forgeries on Jno. Frazer & Co., are unfounded. The Presidents of our Banks held a meeting this morning and resolved not to suspend. New YORK, Oct. 1.-The Farmers' and Artizans' Bank of Long Island at Williamsburg, suspended to-day. The I. C. R. R. pays its coupons to-day. The Mil. & Miss. R. R. pay theirs on first mortgage bond, but defaults on its income. The Lemos Slave Case was argued before the Superior Court to day. The dormitory of Wilbraham Wesleyan Academy, was destroyed by fire on Tuesday night-loss $70,000-insured for 20,000. TORONTO, Oct. 1.-R. H. Brett, Private Banker, of this city, suspended this morning. The assignees report that the creditors will be paid in full. DETROIT, Oct. 1.-The suspension of the Peninsular Bank causes intense excitement. The run on other banks this morning is severe; principally by small bill holders. They redeem promptiv and to all appearance
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THE BANKS IN TENNESSEE. LOUISVILLE, Thursday, Oct. 1-p. m. A dispatch to The Bulletin says the Exchange, Shelbyville, Lawrenceburg and Trenton Banks of Tennessee have suspended. The run upon Hunt & Co. of this city ceased before the close of the business. They are considered strong.
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Failures. Chicago, Sept. 30.-The bankinghouse of R. K. Swift, Bro. and Johnston, was subjected to arun yesterday, and did not open this morning. New York, Sept. 30.-S. Hotaling & Co., salt dealers, have suspended. NEW YORK, Oct. 1. P. Chateau, Jr., furs, hemp, &c., connected with St. Louis, and Hutchins, Tiffany & Co., were reported failed this morning. BOSTON, Cct. 1. The suspension of Messrs. Lawrence, Stone & Co., caused some considerable excitement on State street to-day. Mr. Samuel Lawrence, senior partner, is in Europe. Mr. Slade, finance manager, is seriously ill. The firm are agents for the Bay State, Pemberton, New Engand, Worcester, and Middlesex Mills.Ira A. Lowell, also connected with the Pemberton Mills, is also reported failed. The other failures announced are Ben. Howard, commission merchant, Central wharf, Richardson, Kendall & Co., dry goods dealers, Milk street; and Peter C. Jones, paper dealer, Water street. Philadelphia, Oct. 1.-White, Stevens & Co., and Lawrence, Stone & Co., who have a branch house in Boston, suspended to-day. Louisville, Oct. 1.-Hutching & Co., and John Smidt & Co., bankers, suspended to-day. 6 P. M.-A dispatch to the Bulletin says the Exchange, Shelbyville, Lawrenceburg, and Trenton Banks, Tennessee, have suspended. St. Louis, Oct. 1.-The Bank of Belleville, Illinois, failed. The Banking House of Moro, Hailbush & Co., Quincy, Illinois, suspended on Monday. New York, Oct. 1.-The Farmers and Artizans Bank of Long Island, at Williamsburg, suspended to-day. Toronto, Oct. 1.-R. H. Brett, Private Banker of this city, suspended this morning. The Assignees report that the creditors will be paid in full. NEW YORK, Oct. 3.-This has been a gloomy day in Wall street. The suspensien of Clark, Dodge & Co., exercised a most depressing effect upon the market, already burdened to its capacity to sustain itself, owing to a failure of the Southers mail on Thursday to connect at Philadelphia and each here to-day.Hence, about $800,000 which should be liberated to-day will remain in the SubTreasury till Monday. The feeling of the Stock Exchange is now a total depression. It received a severe shock by the failure of Clark, Dodge & Co., who were supposed to stand above casuality. The sole cause of their suspension is said to be the blockade in Exchange. They have a surplus of over $2,000,000. Stocks rose at the second board to-day from 1/2 to 3 per cent. Ely, Bowen & McConnell, and Gage, Sloan & Dayton have failed. BOSTON, Oct. 3.-The money market to-day has been stringent, but a spirit of accommodation and aid has been exhibited by the banks. The merchants have stood the test, though there are a few however, are L. Frothingham, Jr. & Co, commission and Dry Coods merchants, and Sweetser, Goodkin & Co., dry goods jobbers (both large concerns), and J. W. Clark & Co., bankers. CICCINNATI, Oct. 3.-The result of the day in the money market is more favorable than WSS expected-not one important failure. A good deal of third and fourth class paper was protested, but no first or second class houses. The entire business community is surprised at the result, as a large number of failues were feared. ST. LOUIS, Oct. 3.-A Kansas paper of the 1st inst., says about sixty Missourians encamped on Sugar Creek, Linn county, Kansas, for the purpose of voting at the election. The Free State men in that section sent to Lawrence for arms to defend themselves and suffrages. E. W. Clark & Bro., bankers, closed to-day.
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LATEST NEWS. More Banks Breaking-Financial News from the East, &c., &c. LOUISVILLE, Oct. 1. A despatch to the Bulletin says, Exchange, Shelbyville, Lawrencebury, and Trenton Banks, Tennessee, have suspended. The run on Hunt & Co.. of this city ceased before they closed business, they are considered strong. Sr. LOUIS, Oct. 1. The Bank of Belleville, III., failed. Banking House of More, Halebush & Co., Quincy. III., suspended on Monday. Run on Flagg & Sauage, of same place, but they sustained themselves. LOUISVILLE, Oct. 1. Hutchins & Co., John Schmidt & Co., Bankers, suspended. Quite a heavy run on A. D. Hunt & Co., who thus farsustain them selves, and it is expected will meet their liabilities. Philadelphia, Oct. 1. White, Stevens & Co., and Lawrence, Stone & Co., who have a Branch House in Boston, suspended to-day. PITTSBURGH, Oct. 1. The Old Bank of Pittsburgh continues to pay specie on all its liabilities. COLUMBUS, Sept. 30. The Board of Control of the State Bank of Ohio, at a meeting held here to-day, unanimously adopted the following resolution : Resolved, That the branches of the State Bank of Ohio have the ability and will still continue specie payments, regardless of whatever course may be taken by the Banks of other States. DETROIT, October 1. The suspension of the Peninsular Bank causes intense extitement. The run on other Banks this morning is severe, principally by small bill holders. They redeem promptly and are to all appearances strong. State Fair commenced on Tuesday. NEW YORK, Oct. 1. The Farmers & Athens Bank of Long Island, and Williamsburgh, suspended to-day.The Illinois C. R. R. pays its cupons to-day. The Mil. & Miss. R. R. pay theirs on the 1st mortgage bonds, but defaults on its income. CHARLESTON, Oct. 1. Reported forgeries on Jno. Frazies & Co., are unfounded. The Presidents of our Banks held a meeting this morning, and resolved not to suspend. WASHINGTON, Oct. 1. Two million dollars worth of U.S. stocks came in this morning for redemption. PHILADEPHIA, Sept. 30-3 P. M. The banksare still pursuing an inharmonious course, thereby causing trouble and vexation to the business men. The Pennsylvania Bank refuses for the present to come into any arrangements with the banks, bearing that her largest depositors will remove their balances to other banks, creating large indebtedness to them which could not at once be settled withont difficulty. Arrangements are making to place her on a firm basis. The other banks are at variance, refusing to receive the certified checks of each other.— There is confusion in all the arrangements of parties having notes due while the funds are locked up. The people feel outraged at the want of system, and the necessity for a clearing house is becoming daily more important. BOSTON. Sept. 30-3 P. M. At the adjourned meeting of Bank Presidents to-day, it was decided to discount during the week, nearly three millions. This will ease the market and largely restore confidence. PITTSBURGH, Sept. 30-3 P. M. The Alleghany City Bank continues to pay specie on all its notes and deposits. HARTFORD, Sept. 29-3 P. M. The Hartford Banks have no idea of suspenking specie payment. They are stronger than they were last week.
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Making in all an aggregate of $508,666 Upwards of half a million of dollars. Now we have to remark in relation to the owners of these Banks, that they cannot expect the persons who hold their notes to suffer a shave of thirty per cent., or to forbear much longer to enforce the law against them. They have had ample time to make arrangements to put the notes of their Banks on the same footing with those of the other Banks, and we doubt not they have the ability, if they had the will and honesty to do so. The owners of some of these Banks are so reputed, and we doubt not they are, men of wealth. They have bought property by means of the notes of their Banks and have speculated largely. And the question now is: will they prove themselves men of integrity and make sacrifices to maintain their charter for honesty by redeeming their promises to pay with which they have flooded the country; or will they insist that the note holders shall suffer a shave of from twenty to thirty per cent., or go to law with them for their rights. These questions will have to be determined soon, for the patience and forbearance of the people are nearly exhausted. In addition to the half million of dollars which the above Free Banks have in the hands of the people, we suppose the Shelbyville and Lawrenceburg Banks have about the same amount, making in all a million of dollars of uncurrent notes in the State. We again repeat, it is high time all these Banks were making some arrangement to relieve their note holders, so as to give them something approaching to what their notes call for. While upon this subject, we would also say a word to those banks, whose notes pass current, but are in a state of suspension. The commercial community have a right to, and will look to them to furnish them with exchange at low rates, notwithstanding the state of suspension. They have heretofore, made large profits and bled the people freely by the discount of bills, and they must now make some sacrifice of their wealth, not always fairly acquired, to discharge their duty and save their reputation. They have played the part of hammer on the people with a heavy hand and it is now their time to take the place of the anvil. We hope to see all the Banks of the State selling exchange at from one to two per cent by the 1st of December. The New York Evening Post of the 25th ult., says the foreign news by the Vanderbilt, is regarded as favorable, commercially, in the same way that the suspension of the New York banks was considered favorable in this country. The anxiety and suspense which kept the public mind in torture have been relieved; and whatever the extent of the disasters, people are prepared to devote themselves entirely to their affairs, without being distracted by panic, or the fear of not obtaining the needed accommodations at bank. Undoubtedly there will be further failures, and commercial matters must long remain in a deranged condition; but the general opinion now is that the worst has come, and that every step hereafter will be in the line of progress. The suspension of the limitation act of the Bank of England will undoubtedly prevent the suspension of specie payments by that institution. The rate of discount still remain at ten per cent, a very oppressive rate for English traders, and one which will inevitably cause a large falling off in business. The singular confesion of business between the two countries will limit transactions of all kinds to the lowest possible amount. The tide of specie shipments is beginning to turn. The Arabia, which sailed this morning, takes out $1,568,246 24, which is more than was imported by the last three steamers from Europe. The shipments are likely to be still more largely increased. The suspension of the Charter Act of the Bank of England will create a demand for specie to meet the new liabilities caused by the increased issue of bills, which, of course, must hereafter come in for redemption. The relief afforded by this suspension is only temporary. The Cincinnati Enquirer of the 28th ult., reports that the demand for money in that city was good, but the market was free from pressure. Rates of interest were unaltered, and prime Paper could be done to a limited extent at the Discount-houses, when offered by customers, at 10@12 per cent. per annum. The Exchange market was firm, and Bankers were giving prem. on New York, readily, and selling considerable amounts at 2. Gold was in good request at 2 prem., selling price. In regard to the produce market of Cincinnati, the Commercial of the 28th says: Flour, under the continued favorable advices from New York, continue to advance, and is fully 20@25c per bbl, higher, closing firm at $4.35@4.40 for superfine, and $4.65@4,75 for extra. The market for Hogs has been dull; yesterday prices gave way 25c per cwt., and a similar decline was established to-day, the market closing dull at $5@5.25 with a continued downward tendency. The receipts are large, being 20,000 since Wednesday evening, and holders are more anxious to sell. One hundred and twenty-seven car loads arrived at the Covington depot since Wednesday-up to this evening. The demand for Provisions is small which alarm packers, and all kinds were offered and sold at a material decline. Mess Pork closed dull at $14 and Lard at 10c. The Gallatin (Tenn.) Examiner of the 28th says: The weather is now very favorable for hog-killing. Our market is entirely unsettled. A few small lots for families have been sold at 5c net. From present indications it will range from 4c to 5c. We continue to quote wheat at 60c.
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# Uncurrent Bank Notes Wanted. W E will pay the highest market price for the Notes of the following Banks, if delivered immediately, Lawrenceburg, Shelbyville, Ocoee, Dandridge, and Knoxville, the above Notes we want particularly. We will also, buy the Notes to all the suspended Free Banks not mentioned in the above list, at the highest Market price dec 5 -tf A. WHELESS & CO.