8389. Josiah Lee & Co. (Baltimore, MD)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 31, 1860
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
ad547b69

Response Measures

None

Description

Contemporary reports (Oct 31–Nov 2, 1860) state the banking house 'closed', 'suspended', and 'made an assignment' with affairs placed in hands of trustees. Causes are reported as losses from heavy stock/speculative operations and the recent fall in stock prices. No reopening is mentioned; trustees/assignment imply permanent closure/insolvency. Liability estimates in reports range roughly $300,000–$500,000.

Events (1)

1. October 31, 1860 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure attributed to heavy engagement in stock operations and the rapid depression in stock prices which produced large losses and withdrawals; assets placed in hands of trustees/assignment.
Newspaper Excerpt
The banking-house of Josiah Lee & Co., has closed, and the firm have made an assignment.
Source
newspapers

Newspaper Articles (18)

Article from Evening Star, October 31, 1860

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Financial Embarrassments in Baltimore. BALTIMORE, Oct. 31.-The banking-bouse of Josiah Lee & Co , has closed. and the firm have made an assignment. The house of Appleton & Co., has also closed. There are rumors of other stock dealers suspending.


Article from The Daily Exchange, November 1, 1860

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Monetary and Commercial Rebiew. BALTIMORE, Oct. 31, 1860. The announcement this morning of the suspension of the old and well-known banking house of Messrs. Josiah Lee & Co., combined with the stoppage yesterday of the banking house of Messrs. Appleton & Co., has created considerable consternation and alarm in financial circles, and has caused a good deal of fluttering among the Stock operators. Both of the above houses are understood to have been largely engaged in stock operations, and their embarrasments are supposed to have proceeded from this cause. The effect of these stoppages has been to depress nearly all the stocks on the list, and to create almost a panic in the money market. Call loans to a considerable extent were made to-day on the most undoubted securities "at 1 per cent. per month, and some parties declined loaning even at this rate. At the Stock Board to-day the operations were light, but for almost everything on the list the market was heavy. A sale of 50 shares Baltimore and Ohio Railroad was made at $7216 cash, this figure being a decline of $31/2 on the last sale, and at the close $71 only was bid for it buyer 60 days. Northern Central Railway, for which $22 was asked yesterday, was offered to-day at $20, but no bid was made for it. Northern Central 1885 bonds declined 2 to 21/2 per cent. Sales were made of $7,000 of them at 60, and $8,000 at 591/2, and they left off at 59 1/6 bid, 591/2 asked. The only sale of Baltimore and Ohio bonds, was one of $2,250 1862's at 65, but 1885's closed at only 82 bid, 84 asked. There were $2,000 City 6's 1890 sold at 991/2, and $200 1875's at 98 1/2, but for 1890's only 98 1/2 was bid at the close. Bank Stocks continue firm.The only sale to-day however, was one of 35 shares Franklin at $11 34. The Mining Stocks were all heavy and lower. Gardner Hill, for which $41/6 cash was bid yesterday, sold to-day to the extent of about 1,000 shares at from $1.1 down to $4.10, and it closed at $4 bid, $4.14 asked regular way. Springfield declined 50 cts. per share. Sales were made of 1,100 shares, 600 at $2, and 500 at $1.95, and it closed at $1.90 bid, $2 asked regular way. Guilford declined 30 cts., but Cambridge and Deep River sold at yesterday's figures. Sales were made of 2,700 shares Guilford at from $1.30 down to 1.23, 1,000 shares Cambridge at 55 ets., and 1,000 shares Deep River at 45 cts. Nothing was done in any of the other Mining stocks, but they all closed heavy. In New York to-day stocks dropped off again, although some of them advanced at the first board. Missouri 6's and Erie each improved at the first board 1, but Missouri 6's fell off at the second board 1X, and Erie 1/2, New York Central declined $1; Reading 3/4; Cleveland and Toledo Harlem $1; and Galena and Chicago $2. Canton and Rock Island sold at the same figures as on yesterday, but Michigan Southern improved $1, and Michigan Southern guaranteed 1/4. SALES AT THE BALTIMORE STOCK BOARD. WEDNESDAY. October 31. 1860


Article from Evening Star, November 1, 1860

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BUSINESS SUSPENSIONS.-Some excitement was occasioned in this city yesterday by the suspension of the banking house of Josiah Lee & Co. Their affairs have been put in the hands of trustees, and at present no definite statement of their precise condition can be given. A great many rumors are of course in circulation, but as It would be impossible to separate the false from the true, we give neither The house is one of the oldest financial institutions in this city, though in the last few years its proprietorship has been entirely changed by the withdrawal of former partners. Messrs. Appleton & Co., bankers, a recently established house, also suspended yesterday. The great fall in prices at the Stock Board, especially of the copper mining stocks, is given as the cause of these suspensions -Baltimore American.


Article from The Weekly Ottumwa Courier, November 1, 1860

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ples. Victor Emanuel entered Naples on the 17th. He had already entered the Neapolitan town of Guilannova amid enthusiasm. Mazzini had refused to leave Naples. The diplomatists at Gaeta had protested against the docree returned to Melina, and all the ambassadors had signed it. Gen. Guyon had re-occupi d Viturbo. Three new forts, armed with rifled cannon had been completed between Sido and Melomoctes, and the armaments on the whole of the Veuetian shore are being renewed and c onnected with an electric battery. The vote on the question of annexition to Piedmont is to be taken Sicily, Oct. 27th. The Russian ambassador will demand his passports, if no regard is paid to protests. Advices from China state the allied troops reached the Peiho on the 1st of August, and established camps at Phetany. They found the Northern and Southern forts evacuated, and attacked the Tartar Camp on the 12th. the Chinese fled in disorder. At the departure of the mail the allies were opposite the Taku forts, where the Chinese were preparing to resist the grand attack which was to take place on the 15th of August. The rebels attacked Shanghai on the 18th of August and were repu'sed. Trade was stopped. The Fulton has 272 presengers and 3000 tons of cargo. She has experienced a continuation of severe gales since leaving Southampton. London Money Market-There was a better démand for Illinois Central and New York and Erie R. R. securities. PHILADELPHIA, Oct. 29.-A report having been current here that the Governor elect. Col. Curtin, was dead, we are happy to assert its untruth. He is in good health in Boston. and speaks to night at Providence. New York, Oct. 29.-U. S. Marshal Rynders has been arrested for an alleged as sault upon Lewis Tappan, and grandson. R. M. Whittlesey, a well-known merchant was seriously injured the other day, by being carght between a freight car and the walls of the depot on Centre str. et. Dave B. Brown attempted su last night by throwing himself in front of a locomotive, on the Harlem Railroad, in the upper part of the city, but was thrown off by the cow-catcher. He was seriou-ly huntcause, he had recently lost a daughter. A letter from Manilla, July 18, reports that an American ship was taken in charge of by the authorities of the northern end of the island. The crew had mutined, wounded the captain, and confined him and his wife and officers, and three' persons were killed on board and'several wounded. The vessel is presumed to be one of the British chartered transports. WASHINGTON, Oct. 20. U. S. Court of Claims has resumed its session after a long recess. The number of cases on the docket is small. Renewed efforts will be made to procure an amendment of the law est.blishing this tribunal so that awards not exceeding 3,000 dollars, may be final instead of having, as now, to be definitely acted upon by Congress. The Executive Committee of the four political parties are closing up their business, having ceased to issue any new printed material. It is estimated that the aggr gate number of documents circulated by them since the commencement of the Pr si lential canvas is between six and seven millions. Nearly all of them were fold at the Capitol. NEW YORK, Oct. 31st.-Pastor Rosinus who recently absconded from Havana with $2,000 belonging to the firm for whom he was working, was arrested here yesterday. The Star of the West, from Havana 27th, reports a slave vessel with 300 negroes bro't into Havana by a Spanish war vessel. BOSTON, Oct. 31st. The steamship Arabia sailed at 11 o'clock to-day, with 74 passengers for Liverpool and 18 for Halifax, but no specie. BALTIMORE, Oct. 31.-Messrs. Josiah Lee & Co., closed their banking house to-day. They have made an assignment. Messrs. Appleton & Co., have also closed their doors. There are other numerous suspensions among stock dealers. NEW JERSEY.-Besides the fact now rendered certain that Lincoln will sweep the State by a decided majority, the prospects are good for a clean sweep in the five Congressional Distri of the State. Speaker Pennington'sis probably the most doubtful district in the five, but the Newark Mercury regards his election as beyond a doubt. Cincinnati, April 12, 1859. Messrs. A. L. SCOVILL & Co.Gents.-From a sense of duty, I give you astatement of a cure of my son by the use of your BLOOD and LIVER SYRUP. He was taken three years ago with the Scrofula sores made their appearance upon the side of his neck, under the skin. which was hard


Article from Richmond Daily Whig, November 1, 1860

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FIRST SHOCK OF THE FINANCIAL earthquake! BALTIMORE, Oct. 31.-The banking house of Josiah Lee & Co. suspended to day. The firm consisted of Gover & Bros, who succeeded to the business, using the name of the old firm. It was an old and universally known house of 40 years standing. Is is rumored that Appleton & Co., bankers and brckers have also suspended, with several others, and it is intimated that all of these failures have been caused by the depreciation of stocks. Great excitement prevails in financial circles.


Article from The Daily Dispatch, November 1, 1860

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Financial Disasters. HALTIMORE, Oct. 31.-Josiah Lee & Co., Binkers, have closed their Banking House and made an assignment. Appleton & Co. have also closed. There are rumors that others have suspended.


Article from Cincinnati Daily Press, November 1, 1860

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Suspensions in Baltimore. BALTIMORE, October 31.-Messrs. Josiah Lee & Co. closed their banking-house today. They have made an assignment. Messrs. Appleton & Co. have also closed their doors. There are rumors of other stock-dealers suspending.


Article from The Evansville Daily Journal, November 2, 1860

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Bank Failures. BALTIMORE, Wednesday, Oct.31.-Messrs. Josiah Lee & Co. closed their banking house to-day, they having made an assign. ment. Messrs. Appleton & Co. have also closed their doors. There are rumors of other stock dealers suspending.


Article from The New York Herald, November 2, 1860

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The Financial Failures in Baltimore. [From the Baltimore Sun, Oct. 31.) There was some commotion in the City yesterday, in business and monetary circles, on account of the announcement in the morning of the suspension of the banking house known by the title of Josiah Lee & Co., situated on the northcast corner of Baltimore and Calvert streets. The house remained closed after the usual hour of opening such institutions, and the news soon spread, occasioning much comment and surprise. During the morning depositors and others gathered in the bank, and various statements were afloat as to large individual Josses by the suspension. It was known also that the bankers Appleton & Co. had BUB pended, but no considerable depositors appeared to be involved in that. The house of Josiah Lee & Co., though an old one, is composed now of entirely different parties from those originally comprised in the title of the firm. The present members are Mesers. Jerard and George Philip Gover, who, with Mr. George 8. Reese (not long since with. drawn), succeeded the late James H. Carter and Wm. F. Dalrymple two or three years ago. The original founders of the house were Messra. Lee and Johnson. (From the Ba'timore America Oct 31 ] some excitement was occasioned in the city yeaterday by the suspension of the banking house of Josiah Lee & Co. Their affairs have been put in the hands of trustees, and at present no definite statement of their precise condition can be given. A great many rumors are of course in circulation, but as it would be impossible to separate the false from the true, we give neither. The house is one of the oldest financial institutions in the city, though in the last few years its proprietorship has been entirely changed by the withdrawal of former partners. Mesars. Appleton A Co., bankers, a recently established house, also suspended yesterday. The great fall in prices at the Stock Board, especially of the copper mining stocks, e giyen as the cause of these suspensions.


Article from The Daily Dispatch, November 2, 1860

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FINANCIAL COMMOTION.- - There was some commotion in the city yesterday, in business and monetary circles, on account of the announcement in the morning of the suspension of the banking house known by the title of Josiah Lee & Co., situated on the northeast corner of Baltimore and Calvert streets. The house remained closed after the usual hour of opening such institutions, and the news soon spread, occasioning much comment and surprise. During the morning depositors and others gathered in the bank, and various statements were afloat as to large individual losses by the suspension. It was known also that the bankers, Appleton & Co., had suspended, but considerable depositors appeared to be involved in that. The house of Josiah Lee & Co., though an old one, is composed now of entirely different parties from those originally comprised in the title of the firm. The present members are Messrs. Jerard and George Philip Gover, who, with Mr. George S. Reese, (not long since withdrawn,) succeeded the late James H. Carter and Wm. F. Dalrymple two or three years ago. The original founders of the house were Messrs. Lee & Johnson.-Balt. Sun.


Article from The Daily Gate City, November 3, 1860

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Failuresin Balilmere. BALTIMORE, Oct. 31. Josiah Lee & Co. closed their banking house to-day. They have made an assignment. Messrs. Appleton & Oo. have closed their doors. There are numerous other suspensions among stock dealers.


Article from Semi-Weekly Standard, November 3, 1860

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Josiah Lee & Co., large Baltimore bankers, have closed their banking-house, it is stated, and made an assignment. Messrs. Appleton & Co. have also closed doors, and there are rumors of other suspensions North.


Article from Cincinnati Daily Press, November 3, 1860

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THE SUSPENSION OF JOSIAH LEE & Co.Their Failurea Bad One-Liabilities $500,000. A telegram to the New York Times says of the failure of Lee & Co., already announced: The Banking-house of Josiah Lee & Co. suspended payment to-day. The firm consisted of Gover & Brothers, who succeeded to the business after the retirement of Lee, Carter & Dalrymple, and are now doing business under the name and style of Josiah Lee & Co. The firm was among the oldest and best known houses in Baltimore, having existed nearly forty years. The failure has been caused by the depression in Stocks. Another dispatch from Baltimore remarks: The failure of Josiah Lee & Co. is a bad one. They have large deposits, which are in jeopardy. Their liabilities are probably half a million, though the extent of their indebtedness is not yet ascertained. Their assets have gone into the hands of Trustees, and there are only slight hopes of obtaining an extension.


Article from Chicago Daily Tribune, November 5, 1860

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Baltimore Republicanism. The Republicans of Baltimore organized a noj = 'one step мэр U Procession particulars of which were sent west by telegraph. The N. Y. Times has the following in addition: BALTIMORE Thursday, Nov. 1-11 P.M. After the Wide Awakes and their Republican allies, amid great excitement and the terrible commotion caused by the immense crowd of spectators and turbulent boys ontside, got inside the theatre. the others rushed in, filling -142 ur WEAL There of the dent determination on the part of the spectators to break up the meeting. Finally, order being partially restored, Col. Wm. E. Coale, Chairman, came forward and attempted to call the meeting to order. Immediately grosns, bisses and howlings echood throughout the building. Voices could be heard vociferating: Go it, old King Coale! you would steal : nigger whole. " "0, you more PII non PIP SIM the Bell and Everett men offering to coalesce with the worshipper!" Black Republicans ? 0, you niggerMultifarious other such expressions were howled out stentoriously. A slight Intervel of partialquiet finally enened, when President Coale again endeavored to to call order and announce the object of the meeting, the names any on Jo At last Rev. Col. French S. Evaus, editor of the Putriot. got the floor to make a speech. IIc was greeted with awful howling and bissing. and with cries of, " You old hypocritical nigger worshipper!" &c. He commenced speaking, and at the end of every half sentence, shouts, vells, hisses and howlings drowned bis voice. He courageously persisted, and cndeavored in a loud voice to make himselfheard, but he encountered a perfect bedlam. The infermal regionscould not ave exhibited agreat-woo STAT on = pitte pun Jo secue 10 pelled to desist and retire in disgust, quietly making his exit through the private stage gateway without enacting his part. At this point the confusion reached a higher point, and it was determined to clear the theatre of all but the Republicans. Police officers, numbering nearly two hundred, under the command of Marshal Kane, were put to work, and after half an hour the entire building was disgorged of the turbulent spirits. They congregated in the street and on the payment outside, continuing to groan, hissand howl, whilst quiet was restored inside, leaving, however, but few to participate. The Wide Awakes sat sparsely in the parquet. whilst the Republican officers and orders occupied the stage, platforms, the dress circle and the boxes. E. Joy Morris. of Philadelphia, now made a brief speech, and was uninterrupted. Another person, name not mentioned, spoke briefly, OILA u "If Aq SUM pm: -juidsip looked MOU may U PINS u разипоние Code TOO which "Alearp pun Sat motion to adjourn, which at 11 o'clock was carried, and the meeting adjourned. A good many Republicans being intimidated, "Sucur pus !mo SEAL their aputu pen fearing trouble, did not unite with the procesThestro one 01 on 10 11019 About the time the adjournment was made known amongst the outsiders, there were sereral rushes of the crowd to meet the Republicans coming out but they were,amid a strong police lested. force, enabled to make their exit unmoA few bricks and missiles were thrown at the procession of Wide Awakes ns they passed su "mon Jo omos puy streets am also a few spectators, were hit, but not seriously hurt. One or two police officers were slightly, though accidentally, injured. About to A ottenders om Jo nazop Win. Gunnison, Esq., a noted Republican, who encountered the previous skirmishes, thinking discretion the betterpart of valor, refused to unite with his friends. No pistols, "posn 'suoduan JO paid Aug JOU The whole object appeared to be to break up the Jo [usorddusip C STATES pun am open demonstrations in a Southern city. Col. Kane, Chief Marshal of Police, and his men, acted nobly, winning high praise for preserving order as well as they did. The prospects appeared very "rocky" at times. J The Financial Failures In Baltimore. [From the Baltimore Sun. Oct. 31.] There was some commotion in the city yesterday, in business and monetary circles, on a account of the aunouncement in the morning of thesuspension of the banking house known uo situal "" y 1 quisor Jo PUB am in the northeast corner of Baltimore and Calvert streets. The house remained closed after the pue nons Sujuado Jo mon [wnsn the news soon spread, occasioning much coma ment and surprise. During the morning depositors and others gathered in the bank, and to various statements were afloat as to large indiunour SCM 11 em Sq pupia also that the bankers Appleton & Co. had sus. pended, but no considerable depositors appeared to be involved in that. The house of Josiah Lee & Co., though an quarapip Spartus 30 MOU posodmon FI 'JUO PIO parties from those originally comprised in the title of the firm. The present members are a Messrs. Jerard and George Philip Gover, who, with Mr. George S. Reese (not long since withdrawn.) succeeded the late James 1L Carter 11 and Win. F. Dalrymple two or three years ago. P The original founders of the house were Messrs. Lee and Johnson. of [From the Baltimore American, Oct. 81.] a Some excitement was occasioned in this city D yesterday by the suspension of the banking house of Josiah Lcc & Co. Their affairs have P been put in the hands of trustees, and at prescnt no definite statement of their precise 1 condition can be given. A great many rumors il are of course in circulation, but as it would be o impossible to separate the false from the true, we give neither. The house is one of the oldest financial institutions in the city, though in P the last few years its proprietorship has been R entirely changed by the withdrawal.or former is partners, Measrs. Appleton & Co., bankers, a recently established Louse, also suspended yesterday. The great fall in prices at the -I Stock Board, especially of the copper mining stocks, is given as the cause of these suspen-


Article from New Orleans Daily Crescent, November 6, 1860

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FINANCIAL COMMOTION.-The was some commotion in the city yesterday, in business and. monetary circles, on account of the announcement in the morning of the suspension of the banking house known by the title of Josiah Lee & Co., situated on the northeast corner of Baltimore and Calvert streets. The house remained closed after the usual hour of opening such institutions, and the news soon spread, occasioning much comment and surprise. During the morning depositors and others gathered in the bank, and various state ments were afloat as to large individual losses by the suspension. It was known, also, that the bankers, Appleton & Co., had suspended, but no considerable depositors appeared to be involved in that. The house of Josiah Lee & Co., though an old one, is composed now of entirely different parties from those originally comprised in the title of the firm. The present members are Messrs. Jerard and George Philip Gover, who, with Mr. George S. Reese (not long since withdrawn), succeeded thelate James H. Carter and Wm. F. Dalrymple two or three years ago. The original founders of the house were Messrs. Lee and Johnson. [Baltimore Sun, 1st.


Article from Weekly Standard, November 7, 1860

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Josiah Lee & Co., large Baltimore bankers, have closed their banking-house, it is stated, and made an assignment. Messrs. Appleton & Co. have also closed doors, and there are rumors of other suspensions North.


Article from Wilmington Journal, November 8, 1860

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Bank Failures In Baltimore, There had been intimations of some degree of financial embarrassments in some of the private banking and stock circles in this city for some days, and yesterday morning more definite developments were made in the suspension of the firm doing business under the title of Josiah Lee & Co. The present partners in the houses are Messrs Jerard and Geo. P. Gover, who have made an assignment to trustees. There were, as usual in such cases, various indefinite and most likely exaggerated statements in the street on the subject, both with reference to the general sum of liabilities and the amounts which particular individuals had on deposit with the house. These latter are of personal concern, but with regard to the general sum of direct liabilities, it is understood that the amount, in items of deposits and balances due other banks with which they had exchanges, is about $300,000. The more immediate cause of the suspension is said to be the recent rapid depression in stock prices, both here and at New York, but in the changes which had been made in the house by the retiracy of older partners in the last few years, a large portion of capital had been withdrawn from the concern -and under the uneasy state of feelings lately apparent, their deposits had also been considerably drawn down. Another suspension of a private banking house, but of a less magnitude, has also taken place in Baltimorethat of Messrs. Appleton & Co. Their embarrassments are understood to result in part at least, from involvement in connection with mining stocks.


Article from Dallas Herald, November 14, 1860

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LATEST NEWS BY TELEGRAPH & New York, Nov. 2-The steamship H nonia, from Southampton, reached her el o-day, bringing London papers of the I altimo. It is reported that a residence for Pope will be prepared for him at Brus Sheridan Knowles, who was lost in Aretic while one voyage from Hull to e stadt, is not the author, but the agen American bank note company chat with work for the Emperor of Russia. News from Central America.-From ragna we learn that the news of ( alker's eapture had caused much rejoi among the inhabitants of that Republic Martinez was again at the head of affairs of the Republic. Minister Dim was unsuccessfully using his exertion trying to press the Government for a vention to settle the American claim Martinez would, however, call a cong together on the 15th of September, that ratification of the Lamor-Zeleodon " might be effected within the time speel Commodore Vanderbilt had made Government an offer of transit, but it not accepted. An alarm occurred at Panama on 22d inst, in consequence of a report Tacho was coming with a party of neg to sack the city, NEWS FROM SOUTH AMERICA United States Claims against Peru,the Northern Light we have Valparaise vices to the 2nd, and Callao to the 22d The steamship Moses Taylor had ton Paita. The American Government's ultima had been rejected by the Peravian Gov ment, as to the Lizzle Thompson, Georgi and Saratoga claims. This refusal, it conceded, would compel Mr. Clay, American Minister, to domand his ports. The ship Larcy Ann Hale was part destroyed by fire on the 5th of Octobe Callac. On the 10th, while the Peruvian fri Callao was being docked at San Lore the stanchions of the dock gave way P ing her over and causing the water to in rapidly. At the time of the disa the Callao had on board her crew. A one hundred and fifty souls perished many were wounded. The U. S. steamer Naragansett left lao on the 8th ult., for Panama. Con nications passed between the Flag o Montgomery and a British commander cerning the arrest of an American o and a citizen for refusing to respond . challenge of Be British Guard. Bolivia.-The revolution in Bolivia been suppressed, and several officers been shot. The Civil War in Equador.-Guay advices says that Flores was disban his forces, but that President Castilla maintained a hostile attitude, and was ing permission from his Government t clare war against Ecundor. Counterfeit Bank Dills.New York, 2.-Counterfeit five dollar bills on the mer's and Mechanics' Bank of Har are in circulation in this city. Havana advices report the bark Lyr New York, sold to slave traders. Washington, Nov. 2.-The treaty wit Government of New Granada will be fied to-day. Louisville, Nov. 2.-There was a 8 Union torchlight procession here to-r The merchants of the Union party resolved to close their stores on Tuesda devote the day to the polls. Black Republicans Alarmed.-Was ton, Nov. 1.-The black repubiicans very much alarmed at the uncomprom attitude of the South, and it is said Lincoln has in preparation an addre the people, to be published immediate ter his election, advocating the most servative principles, and promising e theng to allay Southern hostility to hi ministration. It is now ascertained that the letter porting to be written from Indiana to a citizen of Nashville, Tenn., by Defrees, one of Lincoln's most trusted sagacious friends," in which the write temps toallay the excitement and to ox away the objectionable features of Chicago platform, was really gotten up by the black republican committee. distrust and alarm is daily increasin their ranks, as the news from the $ comes to hand. Bank suspension in Baltimore.-Balti Nov. 1.-The failure of the-eminent 1 ing house of Josiah Lee & Co., is consie n very bad one. Their total liabilities probably amount to not less than In