Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1826-07-25


He f"non Bdnk TIE run upon this insiiiu-
ZION yesterday was " pl odigious," but every thing
was promptly met. and TODAY all il ou;et We
passed the Bank sincc - O'Clock. and there was
nobody at the ..oors. '1 '"''' "'
me fTdnhhn Bonk-There are so MANY COM
pd'eS bearing the most excellent name of Franklin
~. ain .ne rankin Bank, OF Jersey, the Frank
fIomn..' ,,Us company, and the franklin
company, that The Old franklin Rant IN Er,rk
I'M square being next on the way. thew surrounded
"-ou' the crowd was composed of persons not
.r e III zen OF whom had dollar of the paper of
i"' 1'".i'' However, an alarm spread. ana before
we BANK closed, something like %, 900 dollarshad
-, n III specie. Bu, the friends of the bank
fauied, made their deposites in specie .nd ,ybs,
the doors closed, there was actually msnv ,hons
anus more OF specie than when the rp, cor-,c,
cei' L his morning il was renewed for ,;,.e.
ou' when the holders of bills came in thew found
sue" iots OF specie upon the counters. and bo,es
opening that most of them, after the ti,.t hour.
A, anu preferred keeping the paper
al IL O'Clock, there were no persons there
ana The extra clerks were standing ;dIa T,
@ quite amusing to sit and watch the holders of
"'''s TO see their long frightened vsages as they
'"'ie m relax into smile as they looked upon
Inc piles OF specie, pocketed their bills again. and
,"'eheG out So much for our rambles among the
banks and brokers' to-day
fromth: Ne'r-YoE Statesnan Of 7.e,sn, E,,,;,,
bdnES' BondS, and Bills. - With FEELINGS of
"''e'e ana deep regret, we are compelled 10 an
'.'e a'iufe OF another public institution hav-
ing aiioat an unknown amour, of paner in the for,
OF bonds. The Life and Fire Jnsnra, f,.,.
suspended payment this morning. and wall s.ree,
- "e"'" 'hfohSeu with mass of people fled with i
anxiety lear, and hope. We trust that sone ey
pahau"n OF the affairs othis Institution will short
y APPEAR Iha' VIII serve to aay public feeling and
restore confidence in It's securities.
IL i but tn mention IL.
company and the Franklin Manufacturine Cor
p"hy, although similar in name are two verv dis
'inct institutions, although both for m,nnfao,r;n
purposes. The former manufactures f1,nns,s -
| not bonds - 'Ne's A''a
The Jersey Bank has ann ounced ito ;r,o,,;o, .
,La "s Hyh'eh's on the LIST of October next, at
the rate OF 20 per cent monthly. mill j.. 80.
circulation is all redeemed
FrOEi Tie Naiiona, dRvoca.e .E.l,,o
1here never was time of greater .,orr, ~,
me present In banking institutions. nor eyer
'iou "heh there was less occasion for i, tn
public mind has been agitated without .uficien,
'a"se, Ahe holders OF bills should look TO il. ana
give themselves no unnecessary uneasiness, for by
".e"s'''ess VIII they bring about state OF
aHalrs winch they are so anxious 10 avoid
IrddeSmGn BGnk.-Yesterjav tho c-.., ::
Ciia.iiaii- square vas immense, and the press unon
the Bank considerable. The outer doors r, a,a ~
pen' out the inner doors shut Weunders,,nd ths,
sueh mas Deen the alarm, that the Bank dares mot
commence paying their bills with less than $500
~ Out 'ia'' IN consequence of the panic, al
though they have $3.50 600 of unouestion,bIs' W.
per- they cannot at the present moment ,b.
nece-sar, sum. '~'' 'He
fFdnAftn Ba3'6. Yesterday there was s,;.b,
run upon thls institution, but nothing OF anv mo,oen,
i'- STABILITY Is unquesronabe.
c"y o-nf we were mistaken Yesterday in
T.a'inS mat any run had been made on this B,nl-
and H.
ance OF excitement
Cnfted states LOmburd- 1t is stated in rho
evening papers thai by the Charter, the Mayor and
Reader are er-o6cio directors of the e.tabllsbmsn,
ne Lie aud Fire Insurance Company susnend
ed payment yesterday
.NetU Yorh, JuIy 10 The Ohio C,
ioF C"e Million of Dollars, has been CONTRACTED
Ior oy Hdr }. D. AsIor, of this city, who gave a
premium Tor Six per cent Stock. We underst,cI
'n"t me amount OF money offered to the Commits.
sionerS Tor Stock, exceeded Two and half Mil
lions of Dollars "'' 'A"-
The life and Fire Insurance Company in
ms city, another incorporated institution s,o0no,
payment yesterday. The capital stocl, of H.
Company was 100000, and its transactions have
been extensive. We have means of ASCERTAIN
ms the amount of the engagements of the Comm
N.Y. and can only say that the public estimate them
al LON nall million TO upwards of million of
collars Inc present officers of the institution are
HenTy Ec&ioid, President, Joseph G. Swift. Az
sistani President, Matthew L. Davis. Secrs,arv
Nathaniel Blossom, Assist Ier az
The agitation and alarm which annears To 10
wade New York, 10 relation to MONEY MAT
IEkS, Is pliiable. There can be no conofor,
haidIy tranquility, in city where there are dali,
explosions . which threaten fearful ravaroS !,
| The Lie and Fire Insurance Company IN ,La.
cry, stopped on Monday. There IL so,.s H.
Comm eFcial Advertiser Of last evening oraa,
crowd In Wall and William Streets. TIE 90
paper, speaking Of the TrGdesme,,'s Bouk sayg
- the crowd in Chatham Square, is nmense 80
= The press upon the Bank great. The on,o.
" doors are open, but the inner doors shu, IT.,
run upon the Fulton Bank, says the (,on,o.roiaI
" yesterday was prodgious, but eyerv tbing 80
promptly met, and now all is quiet'' On Mo-"
DAY, and even on Tuesday morning, there ,yas
run on the FrGnhim Bunk, which was nro,,r.,.'
met The Mayor Of New York, has addre.sed,h o
crowds and assisted to alidy the panic Ths
Notes OF the Greene County Bank are not tal,en
Ia w all Street, but ii is ascertsined ,.h,L
Inc Bank g has failed outright The Drec,ors
OF the Jers y Bank attribute their failp,a 80 ~
heavy runs, and the difficulty of collec,ine ,h";
debts. They hope to pay 20 per cent DOo .'T
ly. " No one at distance, says the Na,;aua1
" Advocate, can realize the excitemen, Loro =.
would be improper to say much abou, ,bs - ~
" employed IN producing such CRISIS a, rr.aa.,, =,
From this detail and many rumors cioI,i
as to some Banks in New Jersey, we ,vould a,'s'
ously recommend 10 our citizens TO tale ~ ,
Bank Notes bnt those Of this civ. ''iiaH
LPhR. Press.
Il good thing rel opplied.-I In the dis,,ib,,
tor OF dame Fortunes favors, our town has NJ.