Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-03-28

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wednesday morning. by gentleman i'm this CITY
from Baltimore, March %, announces nn event
"mcn has excited some interest in the community:
we were all thrown Into CONSERVATION this mor,i,g
ny The sudden failure Of the Bank Marylani That B,r
Closed rs doors this morning, which created psuc and
very great exciten ent and caused run ON The Ini
Bank (pet Bank) through the day. us well "a MANY cali.
on the other Banks" '
The following is the official annunciation. which
the Baltimore papers give us:
ITO THE PUBLIC. ,a
"BANK Of Maryland
24,h March, 1884.
'aned WIN surprise and deep regret equal to any that the
community will feel, that this institution i, unable ~ no
cerd win its business and they have resolved to transfer
all us ELECTS TO Trustee for the equal bene iii of The
creditors Of the Bank. -
The Board Of Directors hope am trust tina, the as.e
WIN ne SUFFICIENT TO discharge the debts the Institution
ana 'he'r determination 10 stop its business at once il
from conviction that to continue il longer would onv he
attended with loss to the community Their advice to
Tie cred ore, founded upon the best iulpmen thew ara
now able 10 oi IN, s not to sacrifice tn, claims The
debtors OF the institution will have privilege of paving
their debts with the certc of deposi,e and
the open accounts due by the Rank aud these alone thew
hope will enable the holders deposors speedily to
reaZe nearly a not The entire amount Of their credits
by order, r. WILSON, Cashier.
The stoppnge of Bank is always calculated to
excite interest, and in times like these to give room
TO much exaggeration-but we confess, we do NOT
aach very particular importance to the situation of
tIs BANK. we understand, that the Bank of Ma
ryIand is principally owned by an ndividual-Mr.
Poueney-wlio was broker and private banker
in the city of Baltimore. Within the last two or
three years. he purchased nearly all the stock of
tiils Bank ut very exorbitant price, The charter
is perpetual one! and the original CAPITAL we he
lieve, was about $150,000. Having the entire con-
troll over the institution, he has extended its OPERA
tons by allowing four per cent interest on the pri-
vnte deposites made with him; and II is apprehend-
ed, that great number of persons allrred by the
interest allowed on the deposites, have left their
funds In his hands, and may suffer great inconyeni-
ence and probably some loss but unless a vast
ha nnfo ANIL. Ills
rouleney should turn QUITO be bad it is not likely
that there can be ultimately any very great loss ss
tanned ny those who have deposites with him, or
who hold his notes. The Bank of NIarvIon6 ,yos
formerly in very high credit but as soon as MIR. p.
became the chief, if not the sole, proprietor of the
stock, the Bank of the U. States, and some o,ber
Banks declined taking its notes. These notes were.
however, very extensively circulated i'm some parts
Of Virginia. Fo
By Yesterdays .Mal.-Mr. Poulteney has notified
the public, that he has transferred by Deed of Trust.
AL the effects of the Bank for The benefit of its Gre
dors; that he is confident the Bank itself ia able IN
pay all its obigatons-bu for more perfect sotisfac-
uoh, lie pledges all his private property of all sorts
to make good any eventual deficiency AT a meet
ing OF the several Banks of Baltimore resolution
was unanimously adopted that Mr. EIIicott ftbe Pre-
S,dent OF the Union Bank, and the Trustee OF MIR.
Pouleney) should accept the Deed of Trust.
1"e panic tiat had been gotten up Monday,
seems 10 nave been nearly quietedA eport had
been circulated that the Secretary of the Treasure
was In Baiimore-but il was untrue and is said to
nave been propagated to increase The effect of the
panic. The Patriot IA Bank paper) states on Tues
gay, tllat the call upon the Banks to-day for re-
demption OF their notes has been inconsiderabie"
n palpable Hit al he Honorable John Tuerm
49, ne following article from the last "WiiInington
Watchnan, contains as much as need be said ON
Mr.. Tyler's Speech:
Consistency OF the Bank Orators.-Mr. Tyler in the
emae on thursday stated that he friend Tire
Dauk--tha lie "had never enQuired whether the Bank
wished for the restoration The deposites he ra,her
wished 70 see The Institution put 10 death TRANQUILITY but
ne wished tie restoration OF the poies in order that
pubic confidence may Sc 'ored and the wants and
uls"esscs Of the country relieved Can any one suppose
e ohrabie Senator serious, when he asserts thai he
wouiu voe Ter The restoration Of The deposites in order
mat The Bank may wind up concerns without distress
ing The community! Why the very object Of The Bank
W making such an fot 10 obtain the depoes again, is
70 get the means of Distressing tie community to len,
ou grraier extent just eore the charter expires in or
ue 70 oo"ge congress and the President Grant
ensrer. Does any one suppose that Mr.. Tyler really
believes that, u the drposes we've suffered to remsin
~ the Bank till the charter expires, they cou d
then be removed, and the Bank wind ND It's con.
Germs, with less distress to the community than now
when there are two three years TO do IL inl The
Bank might undoubtedly bring lis bus ness gradual
Iy TO close without being feI. by the communv hic
would not be the case, IL il should suddenly be accom-
hsbeo, alter he charter expires II would not be Tor the
OF ne Bank TO have the depostes again. neither
does Mr. Bddle want them, unless he can obtain new
ensrer. Ibis Mr. Webster does serupe to acknow.
or H. No one Is more prejudiced and nve;orse friend
" we Dapk, an the Massachusetts Senator; but he il
certainly lar more consistent and honest his opinions
an hese multiplying converts OF Mr. BiJdle, are SO
shNous Tor The restoration OF the depoes, and still pro-
le.s 10 be opposed 10 re-cbarefing the Bank. Mr.
webster has stated expressly in the Senate that the
dePosi'es was matter OF no material consider ration
unless the Bank Is TO be echartered tina: the only
mode OF restoring public confidence, aud relieving
the public distress, was TO hsrnonze the admiustra
ton with he Bank, and this could only be done by re.
chsrlefng the Bank, at leaH for limiied time He has
repeatedly acknowledged The question Of the deposes
anu me renewal OF the charter 10 be Connect
eu' ne one mbsi necessarily follow the other. And
ye' me NuIhers profess 10 be opposed TO The Bank
ue GROUND OF ITS ACKNOWLEDGEMENTS vote
,or new cbarter,but constrained denounce the
PRESIDENT and Secretary for making the aud are
willing 10 go all lengths for restoration The doctrine of
nuhcaton ITSELF s scarcely lees absurd and ride
he truth u.s. they any Thing, aud every thing that
may serve 10 enIbsrrsss the administrations Their con-
siiluenis opposed TO the Bank aud they dare not &C
knowledge themselves TO be ts friends but ,, no doubt
for rene log the cbarlef'
We understand, that valuable Negroes the ptoper.
" OF Mr. Thomas Cowles, who abscoDded last fall were
arrested by the Police Of New York. aud upon proof Of
hen ideny, the authorities Of that place immedi aiely
dehvered them upand they are in The possession
OF Their master, ia this City. II may be improper TO
remark, that the slaves are highly pleased with Ibis
change OF destiDatonand 10 their owl language
that they would have returned before If they had pos
sessed the meapsbs they would much rather be slaves
~ the State OF Virginia. Than the State Of New
York We hail with great satisfaction this active spirit