True American. [volume] (New Orleans [La.]) 1835-18??, 1839-03-28
COMMERCIAL AND RAIL ROAD BANK OF VICKsBUHG
The Wing of the 22d, says:-

COMMERCIAL AND RAIL ROAD BANK OF VlCKsBURG.
The Wing of the 22d, says:--
"T,e Commercial and Rail Road Bank Of this city,
has again suspended specie payments, and hsr
are no longer redeemed at her counter in the precious
metals.
We deemed the resumption Of specie pa yments by
our Banks premature; present events prove that our
opinion was not incorrcc--the large foreign debt due
from citizens rendered the resumption behalf Of
our Banks hazardous in til" extreme, the demand for
specie or It's representative wherewih pay and
tnguish this debt, and by the up country trader for the
same were immense and increasing. ! he times are
Ncadly out of joint" No acqu ilted with The con-
dition and resources Of this Bank, eau doubt for a mo-
ment lis ultimate ability and her honest desire to pay
her notes according 10 their terms but necessity hath
20 law, and her Commands must he ODE vel. Her pa.
per wds, before resumption, and will again he received
hy our citizens with confidence, twas 70 reign holders
at her paper, understand, that were determined
10 shave their pound of esh' that superinduced this
''"E Ps E.0n v. ,,,.r.,,,. .;,, ...,n,,. , :;
specie her five and tea dollar notes. and We are author
Used TO say to the holders Of her paper that sacrifice
should be made or perntteab by them Unless the stnp-
page is general, the Bank will be in such cond
ton as will enable her to with safety herself
and ut the same time preclude the Withdraw from her
vaults Of every dollar by those who will have found
ere long that il their have sustained ra
thes than deiireciated her paper."
We do not know what extraordinary drafts may have
been made the bank, but if she have any proportion
n Specie she should use in the faithful discharge of
her liabilities. Her renewed suspension proves incon.
testabiy that she has banked liberal Spirit and
not with that prudaEee which should guard every mo.
neyed institution frcn prosraon of its credit hanks
should not be allowed to suspend If an individual
fails, he is very suddenly wound up.
NEW ORLEANS JOCKEY CLUB RACES
"ErAtRlE CouasE--2d Day Purse s9OO,-Tno Mile
Enthusiastically the thronged with vii
srs-hacks, omnihuses. cabs and buggies filled with
gentlemen and ladies'; and small sprinkng ofI,orse
men, The day was fine, the bright, and delight.
ful breeze blowing. Whaey may be the pressure in
the city, every one seemed to have plenty of money
and extremely willing it fur the sake of "a n
ing his neighbours The bets ranged Pollard a.ains,
the 6eld,"" Roderick against the fald and "J.wess
against the field" There was confidence in all Lu,
Kavenaugh, and he had hackers. This by.bets were
numerous, broken heats, and horse against the
ether Rederick decidedly the la,oritc, and nex
to him Jewess. -"
LIST Heat-The horses were hrouS ht up at the sum
MONS and the word was given before Roicrick was
ready, and they led of before him than fry yards
But there coming back, and The little grey had
go his deat trusting light pair OF heels to bring
han up in the two miles. Jewess ta.k the lead fol
lowed by Pollard, with Ksyenansh in striking Iii tarce