Litchfield enquirer., 1837-05-18
SUSPENSION OF SPECIE PAYMENTS.

 That at last has happened, which in the present condition of the country, ought to have happened month ago, before the mer- chants were broken, and when MT. Hamilton indirectly made the proposal at the City Hall. AM he Banks Of this citv, but three, (which, 1t is said, are the Merchants the Nannattan, and the Bank of America,) last nlght resolved Co suspend specie pavynents.- Confidence was so shaken by the mal-adroit movement in the case of the Dry Dock Bank the Ranks first creating a panic, and then. when it was too late, resolving to redeem it's bills, together with the movements of the Bank Commissioners with the Buffalo Banks that all attempts to allay the panic have been utterly vain. The run upon the city Banks yesterday was universal
 Goodness and calmness are now necessary on the part of the community. The crisis is over, or being over. Things now will be better before they are worse. The Banks can discount once more. The public, which has been pressed to death, can now breathe Many people look upon the suspension of specie payment as something terrible, but thls IS fantasy, for the Bank bills of sol- vent Banks are just as good as ever. Do not make any sacrifices then. The Bills will answer for all the purposes of life just as they have answered. They will pay debts at the banks, buy flour, pay rents, and, in short, do just as well as ever.
 This is the time to note the end where the caIamltous experiment has brought us at last When hurrohs have usurped the place of req son, and party organization of common sense, but at present we forbear.
 W. Y. Express, May 11M
 Workmen seeking Work-A petition was presented to the Common Council on Mon- day evening by several hundred work-peo- pie, who represented themselves as starving in the midst of plenty for want of york; Every manufacturer is discharging from ten to thirty workmen each Saturday night The builders and masons are only engaged in finishing work, and in a few weeks all will be completed but no new contracts en- tered upon. There are probably, therefore, at this moment, 12 or l50OO work people out of femployment, who know not where to get a bit of bread or rag of clothing. The sum- mer is approaching, and there's some com- fort in that. Yet the cravings of hunger must be allayed.
 Where now, arc the Trades Unions? Where arc the protectors of the working classes! Where are the getters up of process sions andpublic meetings to raise wages, and widen the breach between the higher and lower classes of society All gone !-all chop-fallen! There is scarcely a mechanic in NeW-York that would not now jump at work at any price or any wages.-Herald
 From the New-O Orleans Bee
 Sad Epents.-New- Orleans for some days past has been the scene of melancholy trans actions. Never, in the same space of time, were committed so many murders and sui cides. On Friday, while man was under going the sentence of the law for the crime of murder, another man was committing sim liar crime in the Third Municipality, and two young men in the First Municipality sought to end their sorrows by self-mmola- tiou! These last two were remarkable for a singular coincidence of motives, and public compassion was strongly excited by the sui eide of two sons on hearing the fatal pews of the decease of their respective mothers A laudable sentiment, thus carried beyond the bounds of reason, is as deplorable as it is rare; but no one could refuse his regret for the unhappy victims of flial love.
 On Monday two murders were perpetrated, on Tuesday criminal trial which had exci- ted sad interest, was terminated by suicide. The unfortunate youth, whose arm, impelled by we know not what blind passion, had struck at and ended his own life in prison, at the moment he was about to appear before the court. Educated in exalted sentiments of honor, tenderly beloved by his family, and esteemed by his acquaintances, he was unable to contemplate the horrid fate that menanced him, and yielding to the tortures of remorse for a deed which was surely pre- meditated, or recoiling before the horror of a disgraceful end, snatched himself from the risk of undergoing capital punishment.
 NEw-YoRK, May Il, ls37
 ebolo tI,o in the various papers, that all the banks but three had suspended specie payments. Inquiries made which were the three banks that held out; none knew, but it was generally understood that they were the Merchants, the Manhattan, and the America. It was soon ascertained, however, that those banks could not stand, and they yielded to necessity and came into the measure.
 suit, was very great. On the whole, however, the public appeared gratfed, and the whole collection of persons wore smiling countenances.
 merchants from failing had the banks adopted this measure month ago. for 1t has been apparent that either or both the merchants and banks must stop.- The merchants have consequently been sacrificed Still it is questionable whether the public would have sustained the banks had they stopped month ago it would have been believed that they stopped from interest and not from necessity Now there Is no question on the subject
 The Banks are exhausted and can pay no longer- The public will now unite in sustaining them. And why should they not? They are as sound and heal thy as ever their solvency does not depend on the specie in vault but on the strength of the paper under discount. The Merchants will now be sustaned.- have no doubt the change will be for the better The new city government, Mayor and Aldermen were at their posts till two o'clock this morning, every ar- rangement was made by them to put down any mob and the military were under arms, but fortunately there was disturbance to require any interference of either the civil officers or military required.
 It is we'll known that by the Law, il bank does not DaVmentS 9O days. their nhnrta