Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-11-08

unsuuud mind; and also concerning mills rouds and the
like These subjects, though moi perhaps oi equal in
teresi with The others treated Of in the volume,
proper be embrace in it, in order give completeness
10 the work treatise upon the practice The Courts
of Virginia
tin all the volumes Of this work. my friend, Mr.. Ma.
Maniel F. HD,odrd has given very essential aid IL il
no less pleasure than duty my part 10 make the
acknowledgement, and TO bear testimony TO the profess
sonai accuracy which he has manifested in all that he
has done. CON ROBINSON.
"RchmoRd, .Noo. lst 1889 !"
Money Markets Banks, Stocks &c.
The news by the Great Western gave ne !. impulse
and mnre cheering hopes to the markets of New York
and Philadelphia The New York American of Monday
afternoon stated that Stocks all elastic day. and
have been risen |. 5, some g. and the United
States Bank 10 per upon the closing prizes of Sa
turday intelligence from Europe which look ed
upon cheering, and the fact that This is the last day
on which debts on The old United States Bank be
paid with stock will account for the rise in The United
Satps' Bank stock THE New York Correspondent of
the Philadelphia U Gazette writes on Monday, P
H. ",hal great improvement 10 the state If things is
visible IN Wall street TO day The confidence is
general that the Banks will be able 10 maintain specie
payments without further embarrassment, and tina,
they will be able materially TO extend their &C
commodaons. All stocks much higher DO
meslic exchanges too have been, in many instances,
more sought after Sales Philadelphia al l2 2,
Baltimore I2 l2 3 A, Mobile IL IL g New
Orleans n = 60 country bank money is in brisk
demand and the discount has fallen considerably =
Safety Fund is bought at per cent. discount and Red
Back at Philadelphia Bank notes u . "A 2O0
barrels of Western -four have been bought this morning
al SIS 81 | g chiefly intended for the Havre market "
The N Y Gazette ofTupsday says. limited States
Bank opened in the morning at 75 and up to Il,
and closed at 10 being an advance OF per cent on sa.
turdays closing rates "
The N Evening Post of Tuesd evening takes a
gloomy view of the Bank of the U follows: 1.-The
advance in prices yesterday the first meeting of the
Board not sustained the second, the contrary
strong dspnsitnn was ELECTED tn sell most OF the fancy
stocks among which the U S. Bank be in
cuded the conduct of that institution and the immense
and permanent depreciation in value of it's nsses may
render il, long, utterly worthless, except 10 settle
old debts with the institution itself Stocks generally
declined from to per cent 10 day and left off heavy,
Delaware fell 9 Harlem |, North American Trust
A. Kentucky ! 2, S.onn2ton !, Mohawk J. Canton
The news BY the Great Western confirm sill more
predictions reference tn the revulsion the credit
system OF Great Britain aud this country Men possess
ing sound commercial capital are tired OF III. hazard in.
CURED in doing business unstable fuoIng-und
The firmly marked out by the Bank =" England
md Trading fnanciers in Londnn, will shake base
the whole fabric of this false system The negotiations
al the u. :. Bank sustain i,s credit in England il
hoped, will open The of It's creditors this county.
All its tangible securities seized upon 10 pay foreign
creditors and 10 Sustain short lime longer s rolteng
creCt-while holders If its bnnds, residing in England
are paid promptly in FULL specie IFS equiraent-lhe
holders OF It's bonds here remain unpaIdihIy in the
condition Of an embarrassed merchant, who would give
oil hs good and available properly protect n single
powerful creditor We end 10 the embarrass
men Of the Bank; the course il has taken Pxtcae
itself lea wing creditors here unprotected aud fear
will terminate most dsaslrousy for their interest =
The Evening Post quotes sales of U S. Bank stuck al
from IS 10 Oh
The New York Herald Of Monday last gives also
gloomy picture of the situation of The Bank
ut appears from the authentic accounts. that
the bank obtained its loan p!e. OF ssssipp Penn.
sylsana and Michigan stocks IL will be recnllecled,
,t, III. ntapn
and partly October and paid Tor in FIVE dollar bills
which were paid out 10 The workman the canal -
These she refuses 10 redeem The Mississippi
stock paid for in post notes, and the Michigan
was taken in like manner. She could mot make this
loan and continue specie payments while her post mole
operations were making money daily more scarce With
the whole unts raised she has just been able 10 meet
her liabilities past due while the whole stock Of cotton
amounting TO 80 geo bales held by Humphres and Bid
die. has been morgaged for above its present value, 10
sustain MIR Jaudnn. These acts are well understood in
England, and the credit Of the institution is gone for
ever aud confidence in oil American busIuess much
shaken quantity OF the stock of The bank has
back which will be offered in this market in day
two The news, which has probably reached there
o the explosion thus side, and the rmnrss OF the
New York and other banks, will no doubt have brought
matters To a crisis
So great The effect produced here at first By the
from the Great Western, that some Of our mer
chants bgan 10 talk about The resumption OF specie pay
mrn,s aud the ability OF the Bank OF the 10 meet
| immr daiey oil lis engagements The tone, however
has down Some our best Bank mrn now talk of
the necessity of several crops to rig hi the shp-and
know letters have been received from fhiade'phIa stat
ing that resumption cannot take place under rc yclrS
But all CONJECTURE baff1rd by gnurance vi the
facts lf knew what was precisely the condition OF
the Mammoth Bank might form some cohlpciCre O
the duration Of The suspension As at present advised
abont the otha Institution locked as they
in Cotton Post Nuies Stale securities and bad debts
do not how il is possible for IL 10 Iesume payments
at early day.-ls credit and subsequent avalabllties
abroad will be tested by the effect vi The intelligence,
carried ont by the Liverpool
The Bank Of Wooster and The German Bank Of Wnos.
Ohio have suspended specie payments. The Clrve
land banks have not The Cincinnati Gazette states IL
10 be the intention of the franklin and Laiaye Banks
of tina, city 10 resume cash payments in few days
The banks in Mobile continue to pay specie, but their
circulation is limited TO occasion no pressure upon
them.-The branch of the State Bank al Huntsville also
continues cash payments-havng S2ls ,492 in specie
against Sl2i 0U7 IN circulation
f,hiLadeiphia BQnfs The Philadelphia Inquirer Of
Monday snys-"We learn, that maturity of the banks
Of The city and county have determined not 10 declare
any dividends for the present. although il s believed they
are in as sound and healthy condition as any 10 the
Onion The desire is TO conform as much rs possible TO
what they believe to be public "pinnn ana nj Inc same
time, TO await the action Of the Legislature The
Journal OF Commerce understands "that the Phrladrl
pha banks have mutually agreed 10 pay interest on bn
lances the of per cent; and further, that no
bank shall be allowed To be IN debt any one Other over
$50 0U0o rather we suppose, shall mol have any claim
in courtesy beyond that sum
Rh0de Island In the General Assembly the
LIST the bank commissioners reported that they had
moi received returns from all he banks. but they had
returns from fnrty hanks in ALL including Newport and
Providence; on the 18th Qctubpr in these 4U banks The
that dae ' S5.345, $40 90
Amour, of bills and notes payable out OF
the Slate held by them 42125'o %
Boston Banks.-A recent examination by one OF the
Bank commissioners, makes thu specie in the Bus
ton Banks be abou, 81 600; and The circulation,
after The reduction Of $3.50 QUO in The previous fortnight.