Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-12-27
DOMESTIC.


On Monday afternoon rumonrs were rle Throughout
the ctv INJURIOUS to the integrity of the Schuylklll
Bank We suspected something was wrong-that
screw was loose cog broken-for letter from New
York addressed the day before had communicated
certain facts of queer character We SAID nothing,
however, but listened, quietly convinced that few
hours more would develop the whole matter, and give
to it a tangible existence.
Yesterday morning the bank fairly besieged with
note.hoders anxious exchange their demands against
IT, for the promises Of some less suspected institution
L had leaked through the press that the then frest-
dent and late Cashier had been dspoSng OF certificates
of stock in the Bank of Kentucky, or which corpora
ton the Schuylk Bank has been 10. some time acting
as accn to large amount, for the purpose Of private
soolument or in order to alleviate the dying struggles
and procrastinate the dissolution of his institution
For several hours four eers were kept constantly en-.
gagged in redeemng the paper CT the bank, by means OF
the notes Of the L. States and other city banks About
noon however, the whole exciting atfIr brought
{, terminaon by the issue of an injunction from the
Court Of Common Pleas, all further proceedings at
the instance of the Bank Of Kentucky. We happened
to be present when it read and its effect upon the
multitude was irresstiby ludicrous. \ more plctur-
esque scene we never had the good fortune to behold
There every variety OF countenance ct winch the
human face is capable, from the exquisitely comic, TO
tina. of the most intense distress. \ painter would
have been delighted with the group; for, notwiih-
standing the nature of their GRAND, and the occa-
sonally painful feature created, humo- predetermined
throughout the assembly and the CALCULATIONS. and NOR
sells oil conversation, which mg GIT have been gathered
81 an attentive listener exhibited much OF The
drol than the Serious or pathetic J. Free WetheT-
lli-one Of the drecora lately eiectedaddresseG
the crowd and AFTER expaatng upon his pected po
ston &c, young lady when called upon to sing,
begs indulgence for the hoarseness she neither affects
nor exper enccs assured his auditors that the bank
abundantly able pay its circulation and its deposes,
and that loss susanablc would fall npon the stock
holders alone. Mayor Swift the spot, and made
two speeches, recommending moderation and obedl-
10 the law, and advising the people to go home
and remain passive until measures could be taken TO IL
Gudate their demands. The people did nnt seem dis
posed to comply Tier curiosity well as their in
ieres, was engaged the affair, and They wanted as
much what next 70 5e enacted a. I" ascertain
when and where they might look for the .monics 10
VIII they were entitled
$50 home !" repeated good natured looking Hi
bernan, Sin s!iant do that same thing. Arrah
now, niver bank break before, and troth but
shall stand ornenst it, and pick up some OF the paces
"Hoot, man, AVA responded Scot, "ye dnna ken
that bank Gamma brek like ka,l.stock. 81 kinder
reckon, mister, interpolaicd Yankee as blow from
A police officer near him levelled riotous spirit,
s:you re off your eggs darned sight. There's one
crack already and the way the hull consarn will go d.
rcctly vii! be caution TO sinners "Eh ben Mon
seur," inquired iugubrious-countenanced Frenchman,
addressing the last speaker, sail my papier no get
himself change ncvarc; ] not av talk wild de bank
encore; aaiS will expect lei SO him regcrde, SO viii
conceive my mounaes, toute sGHe 81 tell you what,
ncighbor, it will be t,oo s,eect, If you get 1t at all
thcms my sentiments, said another by his side
These few of the expressions that reached our
ears, and the crowd began to dispense we wcnded
way to our sanctnm.
We have disposition to be unnecessarily severe;
but Of opinion, that the injunction upon the
Schuyk Bank, and its consequent cessation of bust.
ness the best things that could possibly have hap
pened for the pecuniary interest of s creditors 1t was
in condition from which efforts could extrlcate IT.
because the community had lost that confidence in its
ohltv rh,rh ,lnnn rou6 have nnnhlpd MAINTAIN
stand If it had continued to struggle with its embar
abored attempts to sustain itself, sums which will con-
We think that its creditors should remain quiet They
can gain nothing by volen, demonstrations and may
forfeit the advantage which cool determination TO OBJ
tain their must secure them.
As the ability of the bank eventually to discharge
Gil its obligations we not prepared just now, nor
would it be polite speak We disposed to doubt
the solvency Of any institution that when in difficulty,
publ shes statement of its affairs evidently of SO fat
terng character that il must be untrue. It reminds
Us strongly of certain loan companies and saving
banks, which BY their mancstoes rndeavored to con-
vince the public they worth thousands at the
moment when bcggary staring them in the face
fact which few days disastrorsy developed. The
card published below of the directors Of the Schuylkl
Bank however is, we must confess, pretty plausible
one II does not promise too much, and it is therefore
not impossible tha. its promise will be realized With
the earnest hope that il may leave the matter for
the present to the consideration of our readers.
rFron the same Of December 1917
WAsHiNGToS, Dec. Il, 1889.