Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1837-05-12
nEA PET BANK GONE. .f1s

The BETTER CURRENcy-Gen. jack
son and his friends promised as better cur
rency. Much noise ,oaS also made about the
Government funds not being safe in the U.
S. Bank, and this was the excuse for re moo
ing The deposites The plan of haping eighty
or one hundred state banks pas much safer I
Besides, government business cas 10 be main.
ly done with specie. Noic mark The fuifL
ment Of these golden promises-one of The 90
or 80 pei banks (the Dry Dock Bank)is gone
already, and ONE HUNDRED AND EIGHTY
THOUSAND DOLLARS Of The peoples money
SWALLOWED up. While the u. S. Bank did
the government business not one dollar was
lost VII our readers haze the goodness 10
turn and read that passage tOwards The lat
ter part Of Mr. Websiers speech tohere he
speaks Of the specie humbag. Where now
is all the specie, that so much noise is made
about2 Not one dollar is in the hands of
government IL is all in The pet banks and
government has BANK credits for IT, IL is
no better than though IL loas in bank bills
That is good enough for US, but not for a
Jackson man
! Dry Dock Bank stopped Payment.-The run upon
the Dry Dock Bank ia New York, on Saturday was
much more serious than that made upon the Mechan-
les Bank on Thursday-upwards Of one hundred thous
and doa,s having been paid away in Specie before
the Bank closed.
The Courier and Enquirer says that "n conse-
quence Of this state Of things, meeting Of the Pres-
dents and CASHIERS Of all the City Banks, held
the MAYORS oihce last night when the Affairs of the
Dry Dock Bank were CRITICALLY examined into, and
resolution unanimously adopted than, taey such
rendered il undesirable to sustain it. This resolution
wis communicated TO the officers Of the Dry Dock
Bank, and that institution ,ciH NOT again open its
doors, or IN othes words, the Dry Dock Bank stops
payment this day." (Monday.)
We learn from the Courier that the Dry Dock Bank
is not safey-und institution, bat is dsposits Bank
Of the General Government, and has in vaults about
two hundred and sixty thousand dollars Of the surplus
revenue hundred and eighty thousand Of which Il
had been directed TO pay the Treasurer OF hi.
State. This order however, had been complied
with and Of course the general government share
the same fate other depositorsi
! The New York Commercial says:-"Long before
ten O'Clock the street crowded, and the doors Of
the bank througed TO 'high pressure There
were two three thousand people in the street
far the greater number Of whom, however, were moi
b-holders, bot merely COOKERS 10 Venna'-help-
ing by their presence, swell the crowd, and 10 in
crease the excitement.
Another meeting Of the bank officers was held anC
at about ii O'Clock it announced that all the Dry
Dock bills would be promptly redeemed at the coun
tiers of all the banks in the city. This information
caused an abatement Of the panc and the crowd grad
uay melted away, that by IL o'clock, the Assem-
blage of citizens in the street not much greaie
than is usual in these days Of peril and ALARM"
r. AT the time it announced that the Chancei
lor had laid Injunction the DR., Dock Bank. anS
that it, assets would be deposited with the Merchant
Bank FIR collection.