The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-05-26

crowds have dispersed. City hank notes
circulate freely at par in al parts OF the city.
There is OF course great scramble for
specie. Runners with all the bills they
could get, left this city yesterday for New
England, the interior OF New York, and
pbl,adelpbia, To collect all the specie they
could Get, as specie now becomes an article
Of merchandise, and rises above ITS nomI.
nal value. Anfxpress left here on Tuesday
night Tor New England. Rumor says the
New Haven banks have suspended. do
mol know this to he fact. The Brooklyn
banks have suspended.
The Albany Evening Journal says the
Dry Dock Bank bad in keeping 10000 dol.
lars of the Canal fund.
United States Bank stock is now al lU3,
an advance Of two per cent 10 day. How
thai monster, Bddle, will stand the tre OF
run, We shall soon see. Ii he can hold
out, undoubtedly he viii.
We now wait To hear frsm abroad. Our
1ooau is over. Our banks dlshonored--
our merchants prostrate-ths day OF news
is over. The Government at Washington
can fiddle and dance now ~ the revelry OF
loy, for the Experiment has ended u last
PnuAbFLfua. MAY II, % TO MIDNIGHT
When ! Wrote YOU on Yesterday, the ~
formation communicated had not yet gene.
rally transplred; It vas, however, begin.
ming 10 run this morning a universal hub
bub was thrOug bout the city. Anhndao,
wlth phz demure, but now ten fold more
demurc, might be seen with thumb and
finger upon his chin, ruminal'ng "oiuIly
upon the aspect Of things at every corner
OF this right angled city. Crowds OF pco'
ple were assembled round the banks, but
a. informed you would 1. the casel they
had all suspended, the ni,ed States Bank
as well as the others; all the doors OF al
the banks were besleged by crowds; there
vas some growing, much murmurng
more moaning, bn, no disturbance.
The Yankees we're behind band this time
two gentlemen from Boston arrived express
IN the CITY tins morning, and presented
notes and drafts 10 the amount Of nine hun
dred and forty thousand dollars, demandln.
specie for them; bat they we're too late
the decree had gone forth. Last night wa
restless and slepless night 10 bank direct
ors and others connected With banks thril
deserted wives sat up ~ vain expectation q
their return home their aching heads pres
sed no soft pillow that night. preparing a
they were for a blow up ~ the morning. -
Al one O'Clock 10 the morning II vas decld
ed to suspend. As lhln-s are, the suspen
son Is absolutely necessary. Ii the mea
sure had not been rcsor,ed to, every dolla
Of seccle would this day have been sWep
clear out Of the city.
There is no email change for note 1
be had 10 the CITY the market Is almost a
stand still. They will not take notes m
less YOU Law out the whole amount; IN who
cas- some few wilI take them, but most 3
the market people reIec, them altogether
The [ ued States Bank would not com
into the measure last night, and we're pre-
pared this morning 10 pay specie urgen
remoustrauccs sere, however, made 10 then
by the other banks. &c. and only 81 exactly
three minutes to nine o'clock, the hour a
opeuing, they (wl-ely no doub') change
their mind aad came 10, ard orders wer
then gwen 10 sweep from of the connte
the im,heuse piles Of silver and gold "hlcI
we're there prepared for distribution.
New York men were on the alert yssier
day. and drew on, some large sums bu
the new, arrived Immediately alter them
aud the hour Of three arriving lmmedIale
gave some breathing tune. The city
tranquil so far, at present, but presents
nevertheless, an extraordinary aspect; men
mind. are unh,nged by such events thou
E sands OF men agiialed with vague fears AZ
wandering about destitute Of employ d.
tufbances are expected ut nIght-the pc
lice are prepared, aud have arms IA rea
dlness.
= The wave which has begun at Net
York viii roll or, no doubt It has, perhaps
: alseady reached you at Washington. In
Philadelphia banks forfeit their charters b
: this act; but Of course they viii be- tftun
phanty sustained, IN consideration Of III
emergency and wisdom Of the measure.
s. great IS the distress and lnconyen
ence resulting from the lmposslblItiy {
changing note for food, that It IS propose
to resort immediately 10 the issue Of sma
notes from one dollar to one cent thes
! are vuIgary called sh.npiaHers. TIL
5 CITY Council NEE, this evening, and WI
;. L l.