UNITED STATES.

Lyttelton Times, Volume IX, Issue 541, 9 January 1858, Page 3

UNITED STATES.

■ i ! h i

■The' New Yci-kTribuue,'ofthe 7tlr October, is fall of accounts of failures in various parts of the; States. We-extract a few particulars : ' ' ■.■.:';.■:■"•'•'-■'•-■•'

\ On Wednesday the 23rd September,1 the important paper Jionse o£ Persse■""•"awl Brooks* in this city suspended payment. They ' assigned to Mr. Forrest, of Frost and; T Forrest: The j liabilities are stated at 4001000 dollars: -Messrs.|"Piatner:&■ Smith; • paper 'makers/ \Lee,\ 51iiss., \ have also - suspended. This is one 'of the [ largest paper concerns in the country, and sh.o^-3 | a nominal surplus, of 400.000~doliaiy< rnosfly- in estate.r:We hear-'of one or two other small t fialuresi: *The telegraph fromPhnadeliilsisi1 anrnounced t^ie-sttspension;of Caleo pope- & Co., I one of t-he oltlestr and" niost respee^vble■ houses in I that city. The 'Hartford County Bivrilc-was thrown ont by the receiving; banlis. It has been enjoined by the Sank • Cornmisioners. Capital, 800,000 dollars. It has been, we hear, ■letidiii^ its circulation to We^tejiif rriilroacfs. Oa Friday afternoon fhere were no important failures in this city. The Boston papers announced several failures, aniong which*are Wm. T. Brett & Brother, dry goods "dealers, and A. Skelh%\slioe dealer. The- Savings Bank closed, and Mr. Belden",1- the acting manage?, also suspended, on his; private account. Tiie storm wliidi had ■ been "impendiiijr over Piiiiadalphia broke at last. The Baals: of Pennsylvania suspended specie,paymentsY the Girard Bank refused all notes and .checks for larger amounts than five and ten dollars, and the Crmmercial and other banks adopted the same course. There was much' alarm and almost a total suspension of business irr tliat city: The streets in the vicinity of the banks were thronged with people, arid- 'policeirfen . were stationed "to Iceep in order the- crowds -moving in

the gangways. , ; "-- On Saturday all the Baltimore batik's suspended specie payments. The same course'was followed in Washington and Wheeling. Only two of -the New-Jersey banks ha ye suspended. Ih this eitythe announcement of the suspension of the banks was not entirely unexpected, and create but little excitement.' The effect of that and the Philadelphia suspensions has been to interrupt the business in iiricurrenfc money and drafts theibrokers are declining to buy, in some cases, at all and others 'only at high rates of discount. It will take some days to bring business back to its natural movement. In regard to'our-own banks, no;distrust is felt, and -in regard to the> Eastern; banks, the despatches from Boston are very favourable. The banking-houses, here! having correspondents at the.east ]arereceiving advices assuring them that no fear-isfelt -..of, .the. ability of the r' Boston and New England banks generally^&) sustainthemselves. They are much' stronger than they were twto.br* thifcei weeks since. "The cashier oftlie Suffolk banks4elegrap;iStb|s' cqrra.-jpondent-biUik^h^re," the iVfetr^pulitai^aud Amea,:ic:in, Er» diansej'tliafc tlie, letting, is.more^ cheerful, and Cth^^ie.|^^\^»g]ap^ai*.^wUK;npt-siispepdi v Oiir'"lelegi^pluc Jispafqlves,*!i^w..tljaij the move-, merit inaugurated ls t,he . f "Pl^|a4elplua .banks has estencieU SQuth'.kiid.w^, a^.>vjl\,probably. Vstill'iuhtli'er ex^d^^h'epijjio^u&^.^ho.ara. f in- tbi^V'feel" cooSderit , baftp. in, that §ikte will Btaiid.1 JTEe stfeeVwaa quite excite^; it was not the e_xcitonent_oj!--gajiic—rather £hktof Qurio^ity v JKK?jßi!Ssr^j»f-app,e4ir*-confident ofi the,. jstrengtb.^f Xoyr Banl^.y _*?s* aHb'oUL^i" th'tfre': is" !d«^bttßss" some ilioardin* 1 b^'fH^'.uyddie^clabes, 'i> not. ilib difh^esc appearanoe of'any, disposition to V^thai'a^'Ue^osifi*% Vtl(e m^Kjaiitile or.; fiuaHcial 'cldsses;': 1' %£': tnft«clo3e! or tue .day tbero wer» humerous .t-umoars of .failurea, com* of thgia very iinp-6rl»titir^nidV^w|e:r''tlie pi-esent impo3«

fliothty of making negotiations, and almost eatire annihilation of, collateral values, most of the rumours :ar« probably true. The most important suspension is that of Gamer and Co., a very wealthy and -respectable dry goods house, wiUilargelfabilities. The bills receivable due ndxt month are said to reach a million and a • hait, but money Enough to carry them through could'not lie raised upon them. The only heavy payment of the Erie-road for the remainder of September- was to-day promptly met. The ffoaa is not easy for the next week or two. The ,week ended with . a very gloomy feeling, and apprehensions of a continuance of serious disasters. The Ohio Life aud Trust Company has made aifassignmentThe foregoing statements will convey a notion of the extent'and character of tlie failures with which the columns of the • Tribune' are filled.