Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-08-21
RESUMPTION.

Every thing continues to work with our Banks, as
"snuo.h az n single. The officers assure US, that
every thing has nearly returned to IT'S ancient Channels
coufdencc is entirely resiored-and no specie called
f., No one seems 10 value mure than PAPER. The
Banks will practise more discretion as 10 discounts, than
they were wont to do before The rssumptIonand all will
b. we'll The Noriulk Beacon Of Friday last states that
Gone great result Of the resumption of specie payments
by the Banks Of Virginia has been to render exchange
almost nominal Inc following were tue laIes at I'VE"
York Saturday:
RrtncWs PHILADELPHIA Reporter of Tuesday, says {:
"rhc Philade phIa money market has been quite mac
tive for the last wcrh bur the change is decidedly
sric,iye This the natural effect of the general
sumption which took place yesterday. and which we
doubt not will be carried int" full and successful effect
The hanks never stronger than al this moment and
VIVA, ia paualIy inportnn public conhd"nc" greater
,L,, !, f. bepD al any since the suspension. Mo
ney couInpnds about nine per cent TINS rate vi" pos.
.;IIv he kent up for some weeks. The bunks thus far
I'm 90 conducted themselves with great ProPrety Their
discount line has been reduced as little as possible lie
prosprc continues 10 brighten.
The Baltimore Pa'rio, Of Saturday says, "The same
,ria,nr demand for "had money which was noticed IN
his civ on the 18Th appears TO have existed IN Other
.,,s ri the State At llagrrstown and Cnmbcrand as
@ c,rn there was grpHter call for specie on that day
Than would occur ordinary days-heng entirely limit
cd n siona applications for ''changc The Car
rnoni,n of this morning in reference TO the subject
.,vs.-"We understand that there is scarcely demand
nd. =, The counter OF the Bank Of Westminster for spe
Gle The people 10 find that 1t Is The interest Of all
o., ,hnd our banks in their efforts 10 give rs paper
currency eoual 10 silver and gold better indeed for ma
ny purpnses , cr., ar,
tho Slnck Exchange has laken start 10 day, and dIsPo
,,ion Ia buy stocks prevailed prices closed generally al
small advance: the amount much larger than for a
few da pasi Some sales Of per cent Treasury notes
were made u premium, and subsequently, Sl,oOO
were sold at Ia per eenum premium
eth, work of resumption goes on we'll Every mail
brings Us news Of banks having returned to specie
we learn TO- day that the Governor Of New Jersey hav
inc example from the success Of Governor Rtnsr
procanalion has also ssued onr requiring all the banks
in New Jersey 10 specie ny the lstday
Of Sep,pmber ncxt under the penalty of the law
The Boston Patriot Of Tuesday last says "The asso.
cialed Banks of this city have given formal notice that
hereafter they will pay specie tor oil their bs and de-
pnsics whenever demanded. For some months past our
hanks have accommodated their customers with specie
when called for, and they have proclaimed read
ness TO do il without stint pecie payment therefore
is in full oprraon and we have no reason 10 aPpIeend
farther difficulty on this score.
Five Banks viz The Bank Of the State oil South Va
roIina-he Bank Of South CerolIna-the Union Bank
IF South Carona-lhe Planters and Mechanics Bank
Of s. Carolina and the Bank Of Charleston, met IN Com
n,lee on the I'd inst and adopted an appropriate Pfeam
BILE and the following Resolutions:
"7her.torr Resolrtd That the several Banks here re-
presented do agree specie payments on The
list September ensuing.
"R,scrtd That copy of the foregoing preamble and
resolution be forwarded 10 the several Banks represented
in the Convention held in this city in May last and that
they respectfully invited to unite in the measure above
adopted