Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-14

upon us, we delayed revisting Enrops, after We lad
taken passage in the British Queen. We meant to
remain and see this suspension through. We shall
watch its progress from this central city. through
the ensuing winter and spring months and next year
again Writ Europe, with determination to be as
useful to our readers in the United States in $780,
we were in the dissemination Of correct infor
nation on every useful subject. The present suspen
sion and failure of the u s. Bank will destroy the
credit OF all American securities in Europe. 1t will
require years to regain what reputation we have lost
in day. To rebuild the commercial edifce on solid
foundations ought to be the duty Of all persons con-
nected w1o1pablic life. But first remove the ruins
and Rubbish. For any thing that we know, 1t might
have been the emissaries Of the United States
Bank that Get IRE, on the same day, to New York
and Philadelphia, in order to furnish them with
reason for suspendng. Let all corrupt and fraudu-
lent institutions be shut up and let their managers
be sent to the penetentiary If it be possible.
Importans from many parts Of tho Csunry-
Progress Of susPensisn and Reguery.
We received intelligence yesterday from several
important points Of the country, the particulars Of
which will be found annexed. The banks in Della
ware, Maryland and Washington, have all suspend
ed-also the remainder of the banks in Pennsy lvania
and part Of New Jersey. Boston has not suspended,
nor likely to do so-Providence is deliberating and
Richmond, Virginia, is doubtful: The following are
extracts:-
PENNSYLVANIA
A PRocLAMArIoN FROM THE CovERNoR.-The
following was received last night from Harrisburg
The tone 10 quite moderate, and therefore praisewor
thy. We think the Governor mistaken, However, in
relation to small notes, especially when we remember
that New Jersey, New York, and all the New Eng
land States enjoy the facilities Of one, two and three
dollar bills.
Harrisburg, Oct 10. 1899
To Ovid Johnson ESQ., Attorney General OF the Common
wealth OF Pennsylvania.
Sir The suspension speci. payments by most f ALL
Of the banks Of this likely prodsce the
try that have attended the former occasions
Il is nv desire therefore, that you as the proper officer
should immediately adopt such measures as may deem
best suited the attanae.to Of the object in vew to witt
The entire suppression Of all notes. eiis cheeks, tickets or
other papers, Of the snlitude Of bank notes. promises to
money other things under the of
dollars from being issued or circulated within this Comnsn
wealth. far the aw In relation the subject furnish ad
II proper that directing this proceed
ing do intend believe that will operate shake the
confidence Of the public in the ultimate ability Of most il
ALL Of the banks Of this wealh to all their obi
On s %
doing the contrary firmly believe the exclusion of all
other dat can now be devised 10 protect the pubic
frauds and imposition and 10 enable the banks fulfil
their respective engagement
There beyond question abundance Of specie in the country
Gil all the channel: Of domestic sireuiaon without dis
specie payments by these institutions, off great per-
lion Of the foreign drain upon IL, il readily find its
David r. PORTER.
CIRCULAR
ArroRsEY GEsERALs orvios,
Harrisburg, Oct 10, 1889.
To several Deputy Attorneys General OF the respective
csunties Of De Conmonwealth Of Pennsylvania:
received the letter rsm his Exceeacy the Gov
ernor the Cc=oawsah. This morning. and
RI, with the drsetions therein soutAi.sd.
lean perceive efficient sas Of accomplishing the
sudab desires Of the Governor this subject and that
acts OF Assembly You srefore hereby instructed
stu promptly MT done by other person. the proper
all or corporate sos. in
your Who all Of the
ions Of the Of ~ y PROHIBITING The issuing
eslstng Of notes. &C.. less denomination than Eve dol
You hereby instructed to be vsan in ascertain
ing Violations Of the said Of assembly, and
nchng the prosecution Of the wherever and or
en- such violations committed or repeated.
further Instructed after dedsctng from the portion
az penalties aecrung under said acts Of nseaby
to the person nuting proceedings reasonable copen
Or pen.e. 70 the use Of II. or to such person.
BY sid act Of assembly are entitled to one ~osy thereof
lam respectfully, yours, DC.
DisrRrcr OF COLUMBIA.
After the suspension by the Baltimore banks, pre-
coded ~ ~ was by the suspension OF the fhiadei-
phia institutions, IL might be anticipated that the
banks Of this district would necessarily yield the
force Of circumstances, and suspend likewise. They
therefore met, and to the following resolu- |
ton:
Alta meeting delegates from the in Washington and
Geeg.to~n October n, 1882, the following reoluoa
adopted, viz:
wherea information received that the Banks in Baltimore
and Philadelphia have suspended specie FOR the
present. bcrg the opinion Of the delegates OF the several
banks il the city Of Warrington and Georgetown here
sen that the ~ Of the banks and the Of the
muny will not be promoted BY attempt to sustain specie
payments While suspension OF the Norhsrr banks shall
abundant s their liabilities yet consider
able Of their have become unavailable for the
specie funds BY the suspension Of the banks Phade
Batsore Be therefore resolved That IL and
recommended 10 the several banks represented
suspend specie payments FOR the present. pledge
part OF such banks
IN Philadelphia and Baltimore shall do
The resolution IL general In its terms, but un.
derstand that the Patriotic Bank did not concur
the resolution, in the adoption OF the pro-
posed by it-Nafionai Tntsiiigsncer, Oct. IL.
DgLAwARs.
Immediately on the receipt, at Wilmington, Of the
suspension Of the Philadelphia hanks, the Bank of
Delaware and the Bank Of Wilmington and Brandy
wine suspended. The Union and Farmers' Bank con-
tpued 10 pay out small In specie until the hour
Of closing. A meeting OF the City Councils held
on Thursday evening, and IL was understood that a
proposition would be made to order another issue Of
small notes.