Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-02-18

We learn with great regret that owing 10 the fictitious
pressure upon the money market produced by the unpn-
cpied course OF the u Bank, Benz knower Esq this
city has been compelled suspend the payment Of his
debts for short period Mr. X. engaged in the most
extensive ransaconi aud concerns OF such magnitude
will require little time to adjust; but are su
thoised to say. with the utmost confidence. to oil his
friends aud the business community generally, that he
will be able ultimately only meet every demand
g,ins hin but TO save 10 himself very large estate
Albany Argus
The excitement, occasoned by the failure OF S. & NJ
Aen Brokers OF hi, city, has gre ally aevsed this
morning, by the declaration which they made, that
they are ready 10 return TO the merchants this city their
notes ana other papers Of theirs which have been placed
IN le hands oi the firm TO very large amour They
WIZ thus restore TO the merchsns those means OF credit
aud prevent the occurrence OF much embarrassment and
some failures which would probably otherwise have hap
pened.-.N Y. Ere. Post
A letter from Messrs Erssus Corning s. Co., dated Al.
bauy the 7h inst to mercantile house this city, con.
tain, the follow ing passage, which permitted TO
copy. with view 10 contradict certoiu unIouned
iniIs,'iously and wickedly circulated here. Messrs
Coming Co. say "rhe failure Of MIR. Knower has Cast
gloom over our ety. lie is perfectly able TO pay all
ms debts, aud have handsome property over Reports
OF other failures have been quite prevalent but there are
no others in this city, and know of likely take
p!acc."-N
F,om the owing statement which has been sen, u,
or publication. relating TO the affairs OF s. NJ. Allen,
Appeals that the gentleman appointed examine inc The
affairs oil tina rin report sur us OF flee hundred thou
sand doidrs 9fer payment OF Their debts. his shows
the alarm caused by their stopping payment have been
a,ogeh that the circumstances which
aud artificial panic which has already oned 60 much
embarrassment and distress, but which wehope has now
began 10 subsde We are happy learn that Messrs.
s. & 81. Allen will forth with resume psymen,s nor do
we ground fr not continuing them that degree
OF confidence which they have hitherto enjoyrd.-.N Y
Er. Post
The undersigned, al the request OF Messrs S. & NJ
Allen, have examined sundry statements aud accounts
as verified by their principal book KEEPER showing the
actual condition oil all their Branches well Of their
New York and Philadelphia establishments. and have re-
ceived personally from tho Messrs Aliens all requisite
explanations, and placing entire reliance upon state
inents accounts, and explanations; the have
great pleasure in thus declaring their that a
iednc'ions much grea'er than ia ordinary times would
upon Pennsylvania and other Stocks the available
assets, exceed the otal liabilities OF the concerns of
Messrs. s. & NJ. Allen, by of than five hun.
dred thousand dollars.
The undersigned. therefore, cheerfuy add their opi
nion that this result, fully indicate The expedency and safe
~ oil granting snch euson in time
as may be claimed by Messrs 3. s. NJ. Allen, who, un.
der the pressure OF premature reports Of failure we'll
as from the exgency OF the times adopted their recent
course, as would appear the sacrifice OF
feelings but with strict regard their gritty, and with
a scrupuous consideration for the security oil their ere.
dors.
New York, 18th Feb, 1884.
ROBERT LEMON
ISAAC LAWRENCE,
GIDEON LEE,
CORNELIUS HEYER
JOHN ADAMS.
JAMES &. KING.