The Sun.
London, England, 1837-06-12 00:00:00

"217'd 4-1--
1/411,1"

LONDON,
MONDAY EVENING, JUNE 12, 1837.

TIE KING'S HEALTH.

WINDSOR CASTLE, 10 o'CLocK,
SUNDAY NIGHT, 11TH JUNE,

" His MAJESTY is much refreshed."

1 O'CLOCK, A.M. MONDAY, 12111 JUNE.

" His MAJESTY continues much the same as at
10 o'clock last night, and is sleeping."

EXPRESS

FROM

WINDSOIt.
The following Bulletin was issued this day at one

o'eock

WINDSOR CASTLE, MONDAY.
JUNE 12, 1837.

" The symptoms of the KING'S disease remain the

same, but His MAJESTY has acquired some strength

since the date of the last Bulletin, and continues

to do the business of the country."

(Signed)

HENRY HALFORD,
MATT. JOHN TIERNEY,
WM. FRED. CHAMBERS,
DAVID DAVIS.

Among the anxious enquirers after his Majesty's
health at St. James's Palace to-day, we noticed an old

veteran wishing to learn the state of the KING'S
health, and who appeared to show more than usual

_ .
solicitude--not being himself able to read. He asked
Our reporter to read to him the Bulletin, observing
4t the same time, " GOD bless his dear old soul ;
)11any's the time I have seen him on board ship and

served with him."

By the packet-ship Europe, which arrived at Li-
",ferPool yesterday morning, we have received New York
bring
to the 9.oth ult. inclusive. The accounts they
t°l'irlag 'of the state of the Money Market are most disas-
us. By a common 'necessity all the New York
hanks, except three, were obliged to suspend cash
payments on the 10th of May, which was immediately
fthe
by the suspension of cash payments by all
„Le leading banking establishments throughout the
_U. mon, including the three houses that at first opposed
the adoption of so extreme a remedy for the general dis-
tress. Those who had lodged deposits in the New York
Banks accelerated, if they did not actually occasion, the
tispension of cash payments by a run for specie, which
vontinued without intermission for some (la, previous
to the stoppage. The Directors did all in their
Power to allay the popular ferment, but finding that
their efforts were unavailing, and that they could not
stand such a constant abstraction of gold and silver
from their coffers, they called a meeting of their body,
and, after long delibere::lols, agreed that the following
notice should he .posted up and acted upon
" NOTICE TO THE PUBLIC IN RELATION TO
THE BANKS.
" At a meeting last evening of all the banks in this city ex-
cept three, it was
Resolved, That, under existing circumstances, it is expe-
\tient and necessary to suspend payments in specie.
" In the meco,time the notes of all the banks will be re-
eciTed at the different banks, as usual, in payment of debts,
said in deposit ; and, as the indebtedness of the community to
banks exceees three times the amount of their liabilities tor
f`e'c Pu }lie. it is honed and expected that the notes of the di
t, rent Lartks will .pass current, as usual, and that the state of
sne tunes sill soon be'such es to render the resumption of
Pecie Payments practicable—May 10, 1837."
On the same day the Bank Directors of the city
3n(l County of Philadelphia agreed to suspend pay-
iilients in specie, being compelled in self defence to
a" recourse to such a measure to protect them from
the
collsequences of the stoppage at New York. The
f
°''olNing notice of this event was posted up immedi-
ately after the determination of the New York Bankers
N:ras communicated to the mercantile establishments of
4/bOadelphia :
to" Whereas, under the peculiar circumstances in which this
Inennlmt unity finds itself placed by the suspension of spicselienpaL
bY cur sister city of New York, and.
.w ler
NtiVng state of the balances between the cities
ssn-oeuelde
be a certain abstraction of the chief part of odur,
their, much of shich would never be reclaimed;
o.shiceretts
zeosrnea'-'are has been recommended by a large meetint, of
toor.?0 the proceedings of which publicity will be given in the
1.1,111 g; therefore,
henslones°l.ved, That this meeting recommend. a temporary.
1' specie payments as a measure which, !iew.eier pain-
thit b 0 less disastrous to the community and mstitu.ttio.is cf
ibeti:-,lty and county, than a vain attempt to continue
spaay:
of
.I.L? fora ll the obligations of the banks in the present t t
,•;air,gs.
haokstesolved, That in the meantime the notes of all the
be received at the different banks as usual, in pay-
nt and in deposit."
,rhc,
pe Pennsylvania Bank of the United States sus:
Banks
cash payments simultaneously with the Deposit
liks of New York and Philadelphia. The Directors