The Sun.
London, England, 1839-11-14 00:00:00

SUSPENSION NEWS.

PITTSBURGH, PENNSYLVANIA.—The banks have only,
it is said, 600,000 dollars in circulation, and may conti-
nue to redeem if they choose.
BALTIMORE.—The second branch of the Councils
has passed the ordinance for issuing 400,000 dollars of
city certificates, so that it is now a law.
NORFOLK, VIRGINIA.—The Exchange, or Mother
Bank of Virginia, at this place, has, notwitstanding the
news of yesterday, suspended.
PORTSMOUTH, VIRGINIA.—The branch of the Bank
of Virginia, at this place, has also suspended.
PHlLADELPHlA.—Notwithstanding the conciliatory
course recommended by Governor Porter, a new edict
has been issued by the Attorney-General, addressed to
the Philadelphia Banks, threatening if they contine, as
is asserted, to issue certificates under 5 dollars, the law
will be rigidly enforced against them.
PROVIDENCE, RHODE ISLAND.—The banks, since
their suspension, offer no more accommodations, and
have their runners here drawing specie.

BALTIMORE, OCT. 18

SMALL CHANGE.—The second branch of the city
council, yesterday afternoon, passed with some immate-
rial amendments, the bill authorising the issue of
400,000 dollars of corporation certificates of -small de-
nominations.—American.

NORFOLK, OCT. 17

EXCHANGE BANK OF VIRGINIA.—We regret to
state that the Exchange Bank of this place has been
compelled to suspend specie payments.
The Portsmouth branch of the Bank of Virginia sus-
pended yesterday.—Beacon.
PITTSBURGH, OCT. 15.

THE SUSPENSION.-The Advocate of Monday morn-
ing contains the news of the late suspension. It ob-
serves—" In reference to the banks of this city, we
have but a few words to s.iy. It is generally under-
stood that they will endeavour to continue specie pay-
ments. They are, it appears, as well prepared to meet
the difficulty which has now occurred, as they could be,
whilst doing any business at all. Their circulation is
very not we learn, exceeding 600,000 dollars,
and of smallof :
course their deposits are limited. Under 4hese
circumstances they may continue to redeem their notes,
while the eastern banks are suspended, but it must be a
terrible cost to the merchant and manufacturer, and
through them to the working man. Whether our banks
suspend or not, is a question that concerns themselves,
and their debtors, and the holders of their notes. Our
own opinion is fully made up as to the result, but we
cannot perceive that any good will follow conjectures on
such a subject.
The specie drawn from one of our banks on Saturday
last in favour of the Manhattan Bank, New York, was
returned on Monday, and replaced in its former deposi-
tory.
The banks in this city, we are well informed, are in
the most sound and substantial situation, and in no dan-
szer of suspension until New York sets the example.
Our intimate connection with the great emporium would
no doubt render it expedient to follow in her footsteps.
—New Haven Herald.
MORE SUB-TREASURERS—Mr. Fritz, one of the
Loco Foco leaders of the Harrisburg mob, collector of
tolls in Philadelphia, is a defaulter to the amount of
50,000 dollars ! The collector of Colombia is also minus
18,000 dollars! The ball is rolling.
SATURDAY EVENING, OCT. 19.—Stocks to-day have
rather improved. United States Bank stock closed,
however, nearly at the prices of yesterday.
All is quiet and confident in Wall-street. The or-
deal is past ; and this may be pronounced; if the most
difficult, certainly the most honourable, week to New
York, that our metropolis, proud as she justly is, has
been called on in long years to pass through.