Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-10-31
MEETING OF MERCHANTS IN RELATION
TO TIE FINANCIAL CRISIS.

induced movement Ua the pau oil some of our
,neto tants, with = view 10 obtain ,chef 4 meeting
Was h,id at the Cn, ilotci on "Wednesday evening,
at which COMMITTEE previously APPOINTED, made a
report.
lnaee' tdanoe With lis rrcous enlalions another
Geniniiiee nas now appeIuledle waa upon the dI
ie'em Banks IN the ~, aud rquesi them, |. To
enlarge their discounts; and = ! lah tic notes of
ali Safely Fluid Banks Al par
la the course Of yesterday, tie committee pr.
formed the duties gned them, .olirung llom each
Bank as Instructed by the Meeting, a written answer
tn the application.
Last evening at o'clock. asrccAlh 10 adjourn.
meni n numerous meeting OF merchants and Others
assembled the City iloei, hear the report OF the
COMMITTEE aud to take such uTdcf thereon as min ht
be deemed exprdienf.
The COMMITTEE made the following report:
That at an eitly hour Tuesday lhey bad
called upon The several banks Of The cay aud ne.
scented the official action OF the previous meet M
with request thai they would communicate The re-
suh Of their deliberations in season, Tor report 10
the meeting this evening"
The ehuis OF the committee resulted in the re
ceipr Of letters from the several Banks IN New
Ao'k, m reply 10 tie questions addressed them
BY tie Cemmiitee, as stated above. The snbstanc e
OF these lruers will he understood by reading II
annexed remarks Of the Chairman.
The Chairman ssid,-
w lille these communications were being read TO
the m'erirg.he Secretary has TAI cn dow the names
uuu
notes. Fifteen Of the Banks are ready to adopr
the measure on condition thai The other Banks will
alsD do u. Eight Banks are not yet prepared to
come INTO this arrangement. Some of them wish
far iiin- TO consider A. Others have made up then
minds ON the SUBJECT, aud con der ii im2racIcable
and inexredent.
Your 4, mmiitee have now laid befnre YOU an ac %
count Of all they directed do by The meeting
last evening.
I'll. object of that meeting was, that committee
be appointed 20 wait on the Banks. And we now
have II IN Writing from almost all the Banks within
this CITY. that they have been dqng and viii do all
thfy ca 10 sustain the merchants Of New York
The merchants of New York knoy whether that
measure Of support will answer their purpose. As
said before perhaps of fhuse eight Banks many of
thru wili change their Intentions when they see ih,
the orbe, fifteen Banks ready take the Safety
Fundbiils. iar;e proportion OF them will think
ADOPT The same measure.
The repori Of the committee was then accepted by
the meeting with loud cheers.
The Chairman said the Bauk Of Commerce has
not Jiinii i~leJ their discounts ahy considerable
during the last thirty days ami disguised
do siih.y can, consistent with the safety OF the Bank
ING ti,sii uiions and particularly iheIro@n-i 10 re
lieye The pses. nt cedeuted pressure oil ia
Dey market
Ate, reading tie letters. il @ss on motion
Ressse a. ihat the Iarks al In. meeting be given
10 ths COMMITTEE, aud that tier report be accepted
and pubsbed
On g,piipn Of Lewis Taplan.
Resolved, That a rom iiiee be appointed to nia,e
an immediate request to the Btnas tlat ihey will
take measures to hold Cow 81 Ill tie Backing
H,siuntiUDs 10 tie ely H. tie 81 20 -aiofro.,
With view TO increasing ti9e dscaanls sal anafi-
its such other reIiefas the exgencies olthe ctiss
rsqsifr.