Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1838-05-11
MONEY M.4TTERS.

A Convention of the Banks in the inie rior of y. York
was held at Auburn on the 25th ult. which was very nu.
merously attended, and resulted in 4 determination TO
cooperate with the city Of New York in an early re.
sumption of specie payments, and 10 maintain the ere.
dit of the New York safety fund notes.
Delegates from sixteen Of the Banks Of Ohio met in
Convention at Columbus on the LIST inst, and adopted
the following preamble and resolution:
"VhcreaS, il is deemed important 10 the best interests
of the community and Of the banking institutions of this
State, that there should be n general and full attendance
in Convention of all the regular Banks Of the State, and
that such Convention should be held as early in the
month Of June as may be-therefore,
"Rcsolued, That this meeting when it adJourns, will
adjourn to meet again in the city of Columbus, on Wed.
nesday,, the 9th day Of June next"
The Albany Journal says:-"We are happy 10 hear
that the Lower Canada Banks will resume specie pay.
ments simultaneously with those Of our own Stale.
The Bank of Burlington, w., will resume specie pay.
ment on the 9th inst.
The Burlington Sentinel says, that the Newbury Bank
will recover from its embarrassments sooner than il was
anticipated. The fund supposed 10 have been lost in
Boston is recovered.
The Augusta (Me) Age states, "that the Banks Of that
place now pay specie for their liabilities"
The Newburyport Herald Estates, that since the re.
sumption Of specie payments by the banks in that town
their stock of specie has materially increased instead Of
diminished; the deposites of specie having been very con-
siderably more than the amount which they have been
called upon TO pay out.
By the terms Of the Suspension Law, which expires
on the 10Th inst, the banks OF Michigan must on that
day resume specie payments, or incur a forfeiture of
their charters. The Editor Of The Buffalo Commercial
Advertiser states, that ~"Judging by the tone of the lead.
ing Michigan papers, we should think an effort is abou.
10 be made 10 call a special meeting Of the Legislature,
in order to devise some mode of giving ~effectuaI support
to the banks
The investigating committee appointed by the Michi-
gan House of Represen natives at its late session, 10 exa'
mine into The affairs of the Michigan Bank, reported it
entirely solvent, and able 10 resume specie payments.
The Union Bank of Mississippi have elected Colonel
Samuel Gwin Cashier but it is not thought that the
Bank can 20 into operation for six months.
The N. York Herald of Monday states, that 1.-THE re.
port of the committee appointed by the Bank Delegates
for the City and County of Philadelphia, for the purpose
of naming a day for the resumption of specie payments,
may be expected in a few days. Nothing, definite can
be asceIlained with regard to their probable course, but
il is surmised the day will be an earl one. The East
en banks are, at different points, also making demon
STATIONS Of a return to specie payments, in accordance
with The movements OF the N. York and Boston banks, and
this will be The case with all that part of the country whose
ga member of the Delepation'' contradicts in the N.
v IonrnaI of Commerce the assertion of the Commer.
cial Herald tina, the s~ubectof a general resumption OF