Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-04-09

,b,, a. Wheeling, amounting 20 81 100000 has been
e,i.c,ed we believe-and The Exchange Bank, crraieo
| bv The act of 1887, with capital OF 81 ooobU"' YIN
ceased the present session I" 900 0Ou) has gone n
cpera,ion; but much Of its capital - ytt uhsu"s'i
The balance OF the increase Is yet to be- rts cfo
The bill requires that the discounts snail nos eHeeo
twice the amount of the capital tor the ."mH I" W.
MA the Farmers Bank, the Bank q" Tie valley; ''' ,s
Rank Of Kauawha --ThPse Banks canEol discount ",
their de pcsres-1he other Banks in TIE wealth.
beng beyond the reach Of The Legislature, Tor LIE pre-
! sent are exempt from this provision
The amount of Banking capital IN e"cn Guy nnu ~
vben The entire increase is maiured :-Aichinonu go
6s5 CnO-Norfnlk notwithstanding - SzuVoy-
! Lynchbnrg S9OOOO0- Wheeling 8 2'o oOo-N,n,
chester So5 Fredericksburg 500
/ $3.50 OOO-ClarksviIle (Mecklenbuig co.. SZoo"U-
Dnnyille $3.50 GG0-Buchunun S3"OoOO- Charleston
! KnnawhnI $3.50 Coo FsrmviIle prince Edward c."
sSs,m 00O-Scot,svilIe or Charlottesville (Albemare co
Si5OOU0-Abingdon or Evansham Sl3e o0I-faLh"u'"
5000 600 LeesOurg (Londonn COZ S2lOGGoTIAai'
town Jefferson coy S2lO,OO0-Romney Hampshire
coS 1925 G0O-Stuun,on S20O0D0-Warren'nn tau'
.r COZ 81 80 Coo WeI!sburg Notwithstanding
wood CO 500 UG0--Morgantown (Monongalia co.,
Sl3O OO0--Total Sl37l5GGU.
Same Of The provisions of the new Banking Law
appear to be strict, ard somewhat anomalons-lhey
may not be in every respect the very best which can
ha devised but the fact is the whole question COM
rlca,ed one II is confessed. that the Banking ma
nil is on the increase throughout the United States,
and that more efficient means must he adopted, 10
arrest the evil, and 10 prevent the bubbles bursting.
where, but we trust II IS premature. The Two follow
ING paragraphs show that few emporay suspensions
hnv taken place in The West and South:
"B,xx Susrxysloys We noticed in yesterdays Pa.
per (snus The gsrnndria Ga:rte) the Suspensions Of
ii,e Princeton Bank in Mssssippthe brdnch Bank OF
uren in Say1nnah, and the Branch of The same Bank
in Augusta. The bills Of The Hawkinsve BANK
Georpia and lie Monroe r. r Bank OF Macon are also
,.rssd bx The other banks. La addition oil this slip
nm New Orleans paper received yesterday states that
,hr Commercial Bank of Vicks5urg has suspended
a., hpnd
crnec,ed Ia hear much more of the kind Of intel
arnce from The South and South. west. The end OF
the late disasters is mot yet, in that section OF country
"perhaps we hear only the fall OF those banks
which were in reality broken by the financial hurricane
which occurred in 1897 We predicted, them that the
rotten institutions would be Frustrated, whilst the really
sound and sovcn, banks, would weather The storm,
: and 90 afterwards more Ptosperously thur ever
! (from The VIcksburg Uhig, March %
! uCoMmrRciAL Asp RAILROAD BANK The CONNER
cal aud Railroad Bank of this city has again suspended
spec. payments and her notes no longer redeemed
ul her counter in the precious metals.
ave deemed the resumption OF specie payments ny
our Banks Drenaur present events prove that our OPT
mon was not ncorec-he large foreign debt due from
our cilizeus rendered the resumption behalf OF our
Banks hazardous in the extreme, the demand Tor specie
o7 its representative wherewiih TO pay and e1tnsush
this debt and by The up country trader for The same
immense and increasing The times are sadly out
Of Joint" No man acquainted with the condition and re-
! sources Of this Bank can doubt Tor moment It's ult
mate ability and her honest desire 10 pay her notes &C.
cordipg 10 their terms, but necessity hath no law, and
her commands mus, be obeyed. Her paper was before
resumption and will again be received by our citizens
with condolences; iva io'eign holders OF her paper
! We understand that determined TO " have their
!; pound Of flesh that superndnced this stoPpnge.
s1he Bank, understand will continue to redeem in
specie her FIVE and ten dollar notes. and we are author
lied say the holders of her paper that no sacrifice
! should be made or permitted by Them. Unless the stop
page is general the Bank will soon be in such condition
/ 90 10 enable her with a!cyIo herself and at
,itb1 horu It,
of every dollar By those who will have found long
that it their interest 10 have sustained rather than
! deprecated her paper
The suspension Of the Vicksburg Bank had produced
much excitement at PhlIaGe phia-bnt Judge Taylor
I ale Of Virginia, and still later The President Of the
Vcksburg Bank, most respectable man and an able
president,) had addressed meeting in Philadelphia,
made full expose of the condition Of the Bank, showed
It's resources, removed many of line pre- udices which
were entertained and made VARIOUS statements 10 restore
confidence in the institution. At his instance, Com
m!,iee will probably be appointed 10 visit picksourg,
A.: and jndgc Tor themselves
Bank at Pensacola il is also said, has temporarily
suspended. There is some excitement in Georgia. The
MiIedgeyile Journal of the I'd says
The extraordinary course pursued by certain Bank
rg Institutions Of this State during the last few months,
has at length, resulted in what most casual observers
nigh, have anticipated, viz the suspension Of specc
payments, prnperly, the failure Of some Of the
! Banks redeem their circulation. THE crcumsa"ee
topelher with the late resolve of the Augusta Banks
moi 10 receive the Of several of the Inferior Banks,
has created another panic, which, We lear, VIII again
involve the country in the utmost confusion Should
this state of things great sacrifices must
" result to the Banks of The interior and Western Geor
ria ard still greater to the prosperity OF the people
The banks Of Augusta are certainly ignorant OF The
true state OF public feeling in reference 10 their course,
or they are mady bent upon their own destruction II
ignorant, tell them that, at this moment, there is
sentiment of Indignation pcrvndlng all ranks ot this COM
rnuny against hem-if mad pity their hopeless con-
dtion and them TO the horrors OF their tate
Bu, really we appTehend that the Augusta banks have
oversot their object They aimed at the proslraon OF
rivalry and To-. they have provoked rival whose levi
alban strides shall crush them as reeds They evellcd
death blow the banks Of the interior, and behold
branch Of he s. Bank is ready 10 swallow them up!
"The Consituiioaalist, who was lately engaged in the
defence of the Augusta banks &c has actually ground.
I'd his arms and recommends the merchants OF that city
inrte Mr. BrpDLE to locate among the" BRAScH OF
his BAsx:'-(We are usonshcd at this move, and re-.
gret it, , ,
ern Towns reach by every mail, and some lnilmn-
tons are given Of the possibility OF another SUSPENSION
Of specie payments moe less genernD by the Banks,
III the course OF two or three mouths.
What may be The Of the scarcity OF money we
nre not distinctly informed. ii may be partly owing
10 the short remtances from the Southwest: and the
New York "Herald" says, "No capitalist will risk a
movement while news Of the Importance ascnbed 10
that expected in the Great Western is so close at ha Ind
and those who have money lie quiet, while those "ho
are willing TO operate have not the means The expect
probably relate, 10 the chances Of some hosles
between Great Britain ard the U. Snow, we believe,
however there NAV be gasconadng al first, is
much 10 the interest Of both countries, and much the
disposition of the two Governments to maintain their
amIcas!e relations that there will be war between
them They mgh each do the other much harm, but
the matter of difference must be settled by reay utI
.ns,ely and in this enlightened age, both will prefer an
adjustment before The harm IS DONE
With respec. the suspension of specie payments by
the Banks ,ee cannot hoD that happen, (un
iess indeed from sEssELEss rASc,) and nothing could
be more dc plored by every honest patriot. The COM
mcrcal intercourse between The United States and Eu-
rope nearly in equpose, that there is no motive for
exporting specie-and all The Banks have TO do 10 act
odera ely and discree,y and the danger will be
over. To the residents Of our own city we will next