Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-10-25

The New Haven (ConnectcuD H.ra's OF WEDNESDAY
The Specie drawn from Of COR Banks on SATURDAY
-, IN svor of the Manhattan Bank, New f"rh, was
returned on Monday and replaced in lis former aeP"S
tory. ;. ,d ,,o in
The Banks in this CITY. vel! informed are ~
,bs mast sound and substantial corditson, ana W no
danger nf suspension nn,ii New York sells are e"l
Our intimate connection with IN" gfeat r"il r "a
duuh, render il axpedient Ia ihi"" !" :" ,, 1.,s
The Rochester New Yctk) Advertiser u 'as'
day says ,.,o ,hoi, Din
So long as The banks Of his Stale d'schafe "'' ="
lies TO The public they w'll b. SUSTAINED a'au r.
cessary obstruction viii be thrown IN Tue way y Wv
continuing 10 do so
SUSPENSION The news of Inc suspense" :,
payments IN Phadelp;a reached L"n'sv'te on "e -"
instant The Journal says 'rAc'so ~ o",p 49,, -
curiosilv q, alarm. ErFrymne kne" Eiat as a.,
course Tho hanks nf Kentucky would tosihH quiz "e
Bank OF Kentucky and the Bank OF i,onssI ''r" ta
once resolved to suspend The Lon,ve bfahch u '.1
Nor,be,, Rank lad received instructions 10 pay u"'
otherwise directed and continued 10 o" SO thf"uR""u
the dav The calls fn spfce al her counter ony aou"'
ed 10 "a f. " thousand dollars : Baltimore f"'r'ot
O,,n R.>u.-The suspension o specie payments,
in the A,!unric cities. mus, BE- '"'i"weo oy gem'ia'
,nsuenson The banks that continue 10 pay VIII &c
drained or their coin in very shnr, time by that pro
cess And in Ohio. suspension is attended win sun
more serious consequences 80,
y The banking law oflast session. February To- 1882
,rovison is made that if any bank of the State suspend
snpcie nsynen.s for longer term than thirty Gays 10
snv one wear The president Judge OF the court OF common
niea circuit in which the bank is situate sha' issue
wt, for the ssQuestralion Of such bank, ana h1onsn we
sheriff deliver all it's effects To or more OF the oanh
oo,,;ss;oners The commissioner is required TO pro
cerd ,n Immediately collect The debts due me pan anu
d.nose of lis property and apply the proceeds to Tue
payne n, Of its debts, for which purposes spec'a' com
missioner may be appointed By me principal o"afu
We learn that me provisions OF this law IRE peren'p
tory The bank Comrniss must apply TO the Judge
who order the sfquesratnn IL ~ mus tha' ''T
Ohio Banks exposed 10 utter rum e',"p' way =
,her continue 10 ray specie ill their last dollar Is gone
~. The demonstration must lfthey surrender al
oncp the commissioner mus, pay owl Tie specie 10 'h
frs, th,, makes demandso that ali the specie IN our
hank. is cxposed 10 distribution, in very short une
and all their debtors liable 10 forced payments with
on, delay : Cincinnati Gazdte. Oct 10.
(From the Columbus C0ho) Statesman, Of Oct ~
BAsx SUSPENSIONS We are happy 10 have II IN our
power TO state that The Banks in this city Go not intend
IN Suspend specie payment, In th!S just resolution. let
those holding their show the proper feeling
by not unnecessarily running upon them.
rPrhe Banks Of Cincinnati, except the CommerclaI
Bank hare suSptnded FIR thirty days So says the ia
ze,e The Bank Of Hamilton has also suspended ne
Banks nf Zanesvil!r learn from the Aurora, VIII not
suspend There does seem 10 be much excIleme nj
in Ohio and if New York holds out thirty days Will
find all Banss paying specie except those saol are
insolven,, and which will be wound up.
Renaissance lock back is 10 Learn wisdom; and
"reminiscences Of few months are often lns'ruc
live and amusing here is an extract from me e'let o,
Sir Brddle the Directors Of the L 3 Bank, cato
March 90 1889 II the letter in which he resigns his
post as President of The institution:
:" have waited uu1nusiy for The most appropriate
momen, al which could be b. ST spared; but hitherto,
whenever | sought The retirement so much needed,
some difficulty which my service was deemed ti"'
always nterposed 10 d.laln me None SUCH exists now
All The political diss"nsluns connected WIN Tue banH
for the last years have ceased, and the BANK mas re
turned 10 lie accustomed channp5 OF business IN peace
can therefore withdraw length without inoonvrnencr.
and do il more readily because eaSe tie Affairs oi
the instsurion in state OF great prosperity and III The
bards Of able directors and officers.
There are many amusing things connected with ihis
document The Bank had returned Ia lis accustomed
channels Of business in peace ard Mr. Bdde LETT "he
affairs Of The institution in state of great pros2erty
ard in the hands Of nhe directors and officers The
bull who broke into The mncaulis field was able
10 destroy the whole pun'aun; ard The sbl'iy OF The
cable directors and Cfccs, appears 10 have been OF Tie
sane description We think, however, II The gentle.
men would me GU. and make an expose OF The actual
condition Of The Bank al The lime they came IN charge,
they would do no more than is due 10 The defence OF their
own financial character. AVe doub, whether in six
mouths they could have destroyed lie standing Of an
institution IN such great prosperity Perhaps however,
MI BIdde means iosay that non payment o! IFS ob!iga
ilnus is Lie A.enn.--ITrrf sus pc n.
sions, the public will not require him 10 tell them
~ DiseateA
EXCHANGES The great purchases made by The Bank
Of the u "f IT'S stock AMI post notes IN exchange
for lis own currency are forcing down exchange on
Philadelphia while other places il stands firm, or IS
improving. This policy on the part OF the Bank, IS
probably designed, Tie first place. 10 make Us decent
show us possible by the Liverpool Saturday, both
of The price Of the stock and pest notes. aud perhaps,
ty making Philadelphia funds very bad, 10 increase the
earnesnrss Of persons here and in rovdenoe who are
in favor Of suspension on account OF having amounts
due them in Philadelphia The process, at any rate,
must be exceedingly injurious 10 Philadelphia, for il is
nor la oil
being received pay OF her merchants debts VIII
be diminished, If destroyed Even a; 10 per cent.
great many would be protested, aud suits brong
in the u S Courts the unquestionable legal
and honorable rights of the hoders-spece or It's equi
valrut-N. York Journal Of Commence.
The recent suspension Of specie payments ty the
Banks is d,sned TO effect thorough reorganization OF
the whole Banking system. We do not know how much
of it aY be destroyed how much ryPd-but the
cry comes from all quarters Of the land tor CHANGE
in The and i, will come Both and all political
parties we perceive, are so aching as TO bring about ms
result. One party does not hesitate TO recommend an
noiiDn, and The other, not willing to be associated IN
any with the system. declares that the extension
and mut picatinn Of banks, has nverd0ne the Thing and
that it is time TO wipe out and begin anew. The cur
rency question to be the absorbing topic for some
time 10 come.-.7tz Gag.
The Bank q England ana he Bank e5 krance-We
have had opportunity, says the Aew York Express
of perusing a letter from Director in The Bank q
France a, Paris TO his friend in tbs city, received BY the
last packet He s,aes, II have just finished exam
nation rf The books ri the bank, and find tst the
specie hand hsndred and forty millions ofancs
while the obligations Of the bank hundred and
thirty millions. Money continues abundant, and interest
low.
In Dollars-,he stale in round Numbers is thus
Specie, J5O,0D0 900
Obligations, 4S,0N0,OO0
20O0000
cosDITIoH BANK ENGLAND.
Liabilities.
Circulation, az 100000
Deposes, - S.7e2 600
25742,OOO
Resources.
Assets, 25.963 600.
80, 4: Bullion, 2 go 009
rrf
Gs'g. % $4,000
:, Thus the Bank Of France have Fifty Millions Of Dol