Alexandria gazette & daily advertiser. [volume] (Alexandria [Va.]) 1817-1822, 1819-06-01
ALEXANDRIA,:
TUESDAY, JUNE !, 1919.
BANKS.


the editors of papers in Baltimore seized
upon, and gave currency to, The uniounded
rumors in circulation, set aHoat no doubt,
by interested individuals, liz relation to the
solvency,of the banks in this part OF the
district, We have studiousy avoided giving
the various reports which we have heard
; on The same subject relative to several OF
, the Baltimore banks; and not till we saw
. an official notice of one of the banks, did
we deem it proper to say any thing about
it. With respect to the banks in this place,
now in operation, we are confident they
are fully able to meet all their engagements,
and will continue to do so; and are happy
| to learn from the following article, copied
from the Baltimore Federal Gazette of Sa-
, turday, in relation to the Mech& MICS bank.
that The evil ola bank stoppage isnot likely
to extend farther there than to the City
Bank of Baltimore. The conduct of the
other banks in Baltimore, and individuals,
towards the oppressed bank, as mentioned
in this article, is highly honorable and
praiseworthy-an and we would say to the di-
rectors of TIE different institutions in This
place, and individuals, should occasion re-
quire it, go thou and do so likeuise.
ga necessary arrangement at the City
Bank of Baltimore, Yesterday, excited
partial alarm, chiefly among the laborlDg
class of citizens, respecting bank paper,
and caused a number OF small demands for
specie on several of the other banks, which
was renewed this morning. These de-
mands we're met So promptly, that the pub
lie confidence was soon restored. Except
in a few instances. the sums demanded
were very small great proportion of
them, both in number and amount, did not
exceed ten dollars from each claimant, and
very many Of them were for one and two
dollars.
At the Mechanics Bank Of Baltimore,
where the greatest number Of claims were
made, several Of tue directors attended to
assist the officers of the bank, and by this
means vast crowd of demands were salts
fed in short period, so that before twelve
o'clock to-day, scarcely a solitary claimant
renamed. and the demand has now wholly
ceased.
A gratifying instance Of the confidence
reposed in the Mechanics Bank in this
city, came TO our knowledge this morning,
during the run which was made upon that
institution for specie. A Lady came to say,
that she had laid by few hundred Spam,sh
| dollars, which, If the bank wanted them,
were entirely at its service. A number of
! respectable citizens also proved their con-
fidence in each of the banks, by making
deposit IN specie.
As an act ofjustice, which We have much
pleasure in performing, we add, that the
several respectable exchange Offices in this
city have evinced, on this OCCASION, an &C
tive and friendly iborality in their conduct,
which has been highly useful in aiding the
banks TO quiet the alarm which prevailed
for this me.itorious conduct they. will re-
ceive as they deserve, the thanks OF their
fellow citizens. That one or two citizens
have acted otherwise than friendly to the
banks, we sincerely regret, and hope that
on reflection, they will be sensible OF the
improperly OF assisting to increase an un-
necessary excitement.
The friendly conduct OF all the other
banks IN this city to those ON which de-
mands were made, is highly honorable to
their respective officers and directors and
the increase O! confidence in the safety OF
our moaied institutions which must be the
result of this judieious conduct, will rem
der the short excitement which we have
experienced benefit to our city,.
ANECD0TE.
A gentleman of this city, whether actua-