Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1839-10-31
From the N. Y. Com. Advertiser of Monday last.
MEETING OF MER-
CHANTS.


The mcrchupts of this city re-nsscmblcd
NJ tho City Hotel, on Saturday evening. to
hear tho report of their committee, in regard
io their farther negotiations with the banks.
The great saloon wns. II possible, crowded
more dcnsely than at the former meeting.
The meeting was called 10 order by Mr..
DENNY, who presided on Thursday evening,
aud OIL his nomination., SiLAs BRowN, Esq.
was called TO The chair, aud WILLIAM j..
MILLrR appointed secretary. ..rE ...,.
| The objects Of the meeting having been
briefly explained from the chair
| MIR. Denny, as chairman OF the select CON-
mittce appointed on Thursday evening, gave
a history OF the manner in which they had
discharged The duty confided To them, and
the result. lie said That in pursuance Of his
instructions, he called on Friday morning
upon Mr. John ]. Palmer. whom he consider.
ed one Of the merchants best friends and
who was in the interest Of the banks. To
him he stated the object of his visit, and re-
Qnested that he would call at as carly an hour
as possible u convention of the banks, and lay
before them tho resolutions adopted at the
previous meeting Of the merchants. The
call was ac ccordingly mnde by Mr.. Palmer
and at a convention Of the banks, all, with q
SuSiC SNCtVtlOH tU'u uSiSSutSrs
The proceedings Of The convention Of
banks were communicated in letter 10 the
committee, a. follows =
New YoRK, Oct. go, 1899
GESTLENEN-Wc have 10 cnciosc 10 you the resOlu-
ons adopted ~ meeting of the several banks, held
YESTERDAY, aud called nj your request
we take the present opportunity TO add, that we are
sni sed from what said at the J,ing, from what
we know ms we'll from the conversation of the direc
tors m The different hanks, than YOU may rely that every
nf in md
determine the different banks to give all the rcein
their power con- s,en with their obligations and dctor
minaiion Ia maintain specie payments.
Respectfully, your obrdicnt servants,
{. w. LAWRENCE.
wM. NJ VERMILYE.
To Thomas Denny, J. u. schcnck, Robert Jafray, o
Thompson, J. Amory, A. q. Stout, q. 7. Disosway,
+. Is. Lahrop, WIN. p. Miller committee, &c.
Al meeting Of the officers Of the several
city banks. held on The evening Of 25lh of
October, Cornelius w. Lawrence was called
to the chair, and Wnr NJ. Vermlye appointed
secretary.
The chairman stated that the meeting had
been called AT the request of a committee ap.
pointed AZ a meeting of merchants, manufac-
turcrs and mechanics, held at the City Hotel
on the evening of the 9Th instant:
WnEREu ron tie following resolutions. offered by Mr..
Edmorls were adopted the first unanimously, and the
second with two dissenting votes.
RESOLVED, That the banks oi the city Of New York
must aud Will maintain specie pa! nenis nnd that IL IL
with utegncd satisfaction they have noticed the cheer
Jug and sustaining voice Of their fellow citizens ia
ference To this meas ure.
REsOLN ED, That the necessity Of farther dminution
OF their lnnns and discounts docs not now exist but
that IL would BE- uic and imprucnt TO pledge them
selves to any particular ch might he rendered
futile 10y events which they have control Aud
that in tho opinion of this meeting, the views Of the
several boards o city hanks, expressed in their
recent eplirs 10 the committee oiEercRnls, mechanics
ana manufacturers, give the fullest the pub
H. that every assistance will be- afforded that il ccnpa
tiblc with the paramount dut, Of maintaining sound
currency.
Ga motion of Mr.. ADAMS, il was