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- Baterd Inst, and the neglect of the Hollster Bank, yesterday morning, to open open its doors, was the or much excitement and pan's among our people pesterday AS soon as it was known that the Holl star Bank remained closed for the day, run for small sume of most a upon made other banks for redemption. For afew hours the doors of the Oliver Lee & Co., the City and White's Bank, were thronged by persons holding their in pums ranging from one dellar to ten dollars, and pay lug clerk k of the hardest pressed of institutions, after two hours of bard labor in attending to the demands bad deemed 1114 delthan I holders, thousand one lars, which had been presented. We are gratified to learn this itement, persons bol ding holding any terable sume of the bills of our banks, were so cont Ident their securi y as to refrain entirely from calling for their redemption This is and wise and while is exceed injudictume in for # S hengs tendencies rush $ the specie. when It in known by every intellig ent man that the bill holders are abundantly secured against loss The this mischief of performance lien in effect sconpord " the upon the more time in the community leading to exciteUnder an ment and paulo excited THE state of feeling lose con and nent leads to derange ment in the business circles, if not to disaster It 18 for Miss . good genera and ahe more ontidence generous exercised our towards monied That institutions. they have been guilty of facts in their management we not do but , such been prepared have not deny, they effect their solvenov. We regard every individual bank ing house in this city as entirely sound, so far - their bills are concerned Unless we misapprehend the law association, under hich our banks are anized, they such - secure the depositor from loss, and heace there is no just cause for alarm regarding either the selvency of their bills OF the eafety of depositors. To show that we fully justified making this statement, copy the following section of chapter 1 of the present banking laws of this State Fee The e'ockholders in every cornoration and joint stock for banking porposes, issuing back paper credit circulate as modey alter the the dratday one beand shall pas hundred Tannery fify eight dividually respons this amount their respective share area stock in *Dy debts and every kind contracted after the let day of January 1860 The public mind is exceedingly nervous in regard to financial matters, and easily excited and hence the impor tance of much cantion and forbearance towards our moneyed institutions It to the duty of every one to icconfidence and allay alarm in all directions 20 far &S can done without be of Indivithe interests endangering deals The feeling of panic yester day morning led some the the s depositors banks withdraw their saving's saq that : learn their the de. new deposits, day during posits were more than equal to meet the drafts made upon them We regard IS as very shortsighted for now to withdraw their funds the savfrom ings' banks for rear of loss, for one and all are, in our safe becond doubt What judgment, safer depository they can and for their funds at such a weare a loss now understand Let Letevery one, therefore, act cooliv and with wise de'i beration in regard to monetary affairs. It is our only hope of specify return to confidence and healthy bustaction. AN we have already remarked, we regard the bille of all banks now doing business as worth one hundred cents the dollar and beyond the reach of depreciation in any mous & entitled fullest to and the condence. event, that there cause of alarm to regard to the bills of the Hollister the to that Hank, say STREATS only Deceasary Banks rece received them yesterday at par after its suspension was fully enderstood are gratided to learn that the deposit in all our banks which continued open, left their deposite in full confidence that they are safe, as this course on their part will do much to inspire public cont. dence. It affords us pleature to refer to the solvensy of our merchants and business men connected with the commerce of the We in full confidence that hav. rode out the stor safely thus far, they preserve their credit and go through without further disaster. They meet their engagements premptly, are full of conrage, and look to the fall for a prosperous business. ANOTHER BROKER BROKE. From the Troy Times, Sept 1.] We regret to ince ansounce that John Bater, of this city, stopped payment this morning. He is one heavice brokers Mr. Sates is principal owner of the Bank Tonawands. near B.ffaie. His largest transactions have consisted in the use of Tonawands Bank and other uncurrent money, to the amount of $15 000 $15,000 to $30 $30,000 000 daily, in buy 10g short drafts from estern drovers on Boston and New York. This usiness for the most part has been done at Albany. Mr. Bates was also largely in World's -the Safe manufacture of IVI 8,01 Company safes- in this city; and represented that his advance the company of between $75 000 and $100 000 $100,000 is the : to cause embarrasement the and think : present a result will prove, only temporary stoppage We are in formed that this suspension does not affect the house of Bates & Griffin. The World's Exfe Company tempo varily stopped; but profitable business at theirs will of course be permitted to fall through entirely. Mr Bates' nesels, we are informed are largely in advance of = and that will liabilities, be if hoped measures adopted to carry him along no nothat he will be able to resume in . few days. This 18 the first stroke Troy has reIved since setting in of the New York panic, and believed that no manent permanent Injury or outside losses will result from it. ILLINOIS. FURTHIR BE INAMINATION OF BRONSON, THE DE: AULTING BANK OFFICER IN CHICAGO. From the Chicago Democrat, August 29 The further testimony in this case before Judge Milliken, .8 principally for the defence, who endeavored prove that at the organization of the Merchants' and Mo. chanics' Bank the stockholders paid little or no money into #: that the stocks, consisting $50,000 Virginia 6'2, of deposited with which were were the Auditor, procured Mr. John Thompson, of New York city: that Thompson took the circulating notes the bank payment for the s.ock, and then these notes in circulation in New YORK and other places; that the notes paid to Thompson were redeemed as with the money the depositors: and that the whole concern reality merely broker's office in the guise of bank. evidence on where points, being merely hearsay, was ruled out as in competent Yesterday, the fifth day, Judge John M. Wilson was called and examined by Oh okering for be prosecution. stated that be bad enfortunately, been made one of the directors of the bank, after stopped payment in 1654: there was large deficit in the bank, It WAS concluded to wind up the concern: in the spr OR of 1855, Bronson had resigned, Mr. Woodworth came bim great trepidation and stated that Bronson had abstract large part of the funds of the bank and piedged them private loabs: witness was depated to call on Bron son, and did his house OD Michigan avenue. which sorgeously furnished when tasked him with his last transaction be expressed astonishment, and asked, "What do you monn? witness said, have stolen taken $80,000 $40,000 of the money of the back said, have no stolen or taken (using the same word an witness) any money of the bac witness immediately got and started to go out, anying, "That's left enough, puss him witness to reported Mr. Woodworth and Mr. Boone what bsd taken place; have not spoken to him since except on trial the Baptist church the matter was canversed among the directors, was rather bell'gerent, and favored oriminal prosecution, but some the others thought we had better use little discre commenced TO that Mon: criminal proseculi destroy credit by the cresh: Bronson dieand not : to been easy catch appeared and at him, length A requsition was obtained for bim; lines three of the notes said to be thome taken by Bronson they had the private mark upon them, witness WAS advised that the stolen bills had been signed in the vault the bank. Judge was cross examined at length by Mr. Smart depied the be had ever asked Bronson chara 10 bad converse RIM with one him: interview only him. except called before the Baptist church Witnot the ness old la state = he that had interview taken $80,000 $40 000 the Merchants' and Mechanics' and Bank bills did he that reply had not not that bank but had the Cherokee Dates, and meant to them keep until settled had THAT him: no there they such conversition witness heart that Bronson told that story, but he never told ft to witness. The name of bank was mentioned by me; witness said he had taken $30,000 or $40,000 of bills and he fatly denied witness went 02 say that it was impossible to catch Bronson in the as he dodged shoot in passing through; witness said he had $20 000 Bronson operations, and may have considerable feeling: have never examined books to AR certain S the regard at. witness would not sccounts: tempt any such thing: he regarded the plan of keeping books dou ble a entry for false scheme could be made. and the best of bookkeepers could detect them: witness would as soon undertake to work the mont difficult problem in Sustous or conic sections to unravel the mysteries of double entry book keeping If the books show balance for Bronson they are wrong, that's all, and the people can be swindled in way the double entry system should be lished by 'state Bronson proposed to bring men of capital from to out the buy East the bank but : they never ton: came wanted sec the that rity charter be would med De redee
