Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-10-25
@ ". Barton, c. Wal!sce Brooke, E>qrs.
ff1cm the Nep York Times Of Oet u }
nnNEN MARH ET-TuE RANKS.

at
Notwithstanding to learn that The demands up n the
hanks here for specie comparatively 2hi-less IN
amount than they had been the first part q he week
II had been stated aud repeated, until at last efgtee
anprehension felt by some. that the demand Tor
snece would be increased for The purpose OF remittance
by The Liverpool steamer; but this not the case
The sterling bills drawn by The banks were preferred
and il was found TOO that The demand for exchange or
remittance was less than Ind been calculated uron
Among business men, generally, there was more
buoyan, feeling and the conviction was prevalent la'
tho cues,ioo as 20 Ire ability OF The banks TO continue
80. psvmep,S and the certainty of their doing
se,lIed The letter of #. W. Ward, Esq the agent OF
The hlessrs Barring residing in Bosion,-whch We SUB
oin had small effect in producing Tins che' r'aness
spd confidence We commend Il 10 The attention oil cur
readers.
We believe lha, the Banks may now, ard will, very
soop increase their loans on business paper, when
when done 10 moderate extent, VIII 81 once give Inc
desired relief to the mercantile community, who have
so manuly sustained he Banks throughout their recent
struggle: ,a,o
FaASKLIs HAVEN. Esq,
President of Merchants Be~k Boston.
Dear Sir: MIR. Winchester called on me this morning
in behalf Of your bank TO inquire II would auihoIse
the bank 10 draw on Messrs. Barring, Brothers u Co
ii i, should have occasion 10 do In reply beg 10
say that shall be IN Boston soon, and Wal have the
pleasure 10 see you The eubect but CONCEIVE no &C
casion arise nnsmuch as Mr. Quincy rs d'a"ing IN
Boston Messrs Barring and the banks here also against
stocks for large amount-and on other houses also:
and think the amount Of bills offered will prevent any
export Of specie Of any consequence and be more than
suticien 10 meet the demand The banSs here, gene.
rally are in position Of great strength and their
gagemen,s so reduced that nothing can touch them
without he, consent--and they may not only con
tnue bat their dscounts-Gnd hase more spec'e
than is desirable for them keep and as understand HE
position of the Boston Banks, they are equally strong,
and with good understanding between them may give
The necessary relief 10 the community Boston, too Is
ppt,nu TO be a creditor city and need feel under no up.
prehenson Whatever nothing touch her Be as.
eured that New York will not only continue 10 pay spe.
ce but tina, there will oe gradual relief 20 The aa";ey
market Dear Sir, very truly ard respectfully years,
T. W. MAHp.
The Providence Journal .: yesterday contains he
f,owins CiIcula, The Bank Commissioners OF Rhode
I.aud
70 all :he incorporated Bombs IN Rhode Island
Many of he Banking Institutions IN the State having
sususnded specie payments, the Bank Commissioners
obserrance Of fne @.sain naon The Banks al
dations.
The Banks are required 10 iotreor from any conside
rsble of their liabilities 10 The public and from
selling dspospg Of their specie for any other purpose
than The redemption Of their own bills at par They
also required TO refrain from The issue OF fractional hs
ana advised pay out freely the smaller denonina
tons Of coin, in such as will Ieicve the commu
nifty from The inconvenience which The issue CT fraction.
Q! bills is intended 10 remedy.
The banks are also advised in oil their transactions 10
hold in view early resumption a specie payments,
and 70 do nothing which shall peril desirable
event.
To restrain any in,noderae issue of Bank paper, and
TO preserve rn.oSE!y in ito value, il 10 recommended
that such be entered into by the Banks
generally will provide Tor the reception, by each
Bank; 1f its bills from other Banks weekly or ofener
and Tor The payment OF suitable rate oil interest on The
balances which may be found against it.
The Banks will immediately report 10 the Commits
sioners al Providence statement IN The form
last required, of their CONDITION il at the close OF
business hours Tuesday, The 10Th Of OcobeS Instant
and they will forward similar report OF their condition
as mi oil TUESDAY.
Thereafter during the suspension, until further no
tice, they will continue 10 make their returns monthly,
commencing with the FIRST Monday Of November next
Henry AsTHesr,
GEO. G KING,
WILLIAM PEcKuAM,
Providence, Oct. lG, 1889. Bank Comm rs.
MEETING OF THE Bosros BASKs.-The Boston Atlas,
OF Friday (the Ish) contains The following report OF the
proceedings at the meeting Of Bank Delegates, held in
that City on the 18th:
Bank .Neeti1g.-At meeting Of Delegates from, The
different Banks the city OF Boston, held a, The Hall
over the fremont Bank on Thursday, l7th inst Hon
Samuel Armstrong was chosen Chairman, and Amasa
Walker, Secretary
On motion of Rober, G Shaw, Esq, the Roll OF The
Banks Of the City called and appeared that II out
of IS were represented
After animated and somewhat prolracted discus
sion, in which much information was elected and many
interesting facts communicated in relation the present
state Of the money market, and the wants Of the CON-
munity generally -,he following vote offered by e. W
Cartwright Esq, and seconded by Eliphaet Williams,
Esq, was unanimously ad opted
RESOLVED, That after interchange Of apiaions and
statement of facts in regard 10 The present condition
Of The Boston Banks, fully satisfied tat they are
III sound condition. and in the Of an unsus
amount Of specie-nnd that without the occurrence Of
some unanticipaed event, have the utmost confidence
10 being able to maintain specie paymens and al The
time continue, even moderately incresse their
present line Of discounts. II was Then voted, that this
meeting be dissolved
SAMUEL r. ARMSTRONG, chm'n
AaAsA WALLER, SccTy
TIE Bosros BAsKs.-The Boston Morning Post, a
leading Democratic paper, remarks, that "reform is
wanted but not destruction. If there banks the
face of the earth capable Of wnhstandng run, and
which resist the fraudulent act Of OUR
BANKS the The public do not call for specie
the mssnanimity Of the above act suci
dal to their welfare lie who demands specie al
this uncure, it will be proved in ninety nine in
one hundred, is note Shapor some prociRg, desPe
rate ddrtnturtr, who hopes 10 profit and conceal his
bankruptcy bya general suspension Let the honest,
prudent man. he who has thing to lose look this
and his ntnos, influence encourage the banks TO
discharge honoaby all their engagements and if they
do not let It never be said by hem that they were mol
faitIy treated By the community"
SrrEsncS.-The Portland (Alaine) Courier of Mon
day remarks
We trust and hnpe tina, in New England there will be
asteady quiet action by banks; and that they will
firmly continue 10 redeem their bills in specie in oil the
legitimate transactions Of business and not permit their
specie TO be drawn out for Southern speculation And
on The par, cfour people, earnestly recommend that
confidence in banking institutions which they fully
deserve We do not know Of one west Of the Kcnnebec
at least tina, perfectly sound and whose bills are
not as good they the day they fir, issued
Specie is not wanted here for the transaction Of business
and those persons who have money which they do not
want 10 use can safely hoard the bills othese banks
they could the gold and silver
The Middleton (Conn Sentinel Of Wednesday says
All our information from New York, leads Us TO be
believe that the banks OF tina, city will continue TO main
tain their ntegri.y and with them the Banks generally
in New England. The people ,ou sustain them in he
honorable and praseworhy course Of preserving the
Circulation from depreciation.