Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-10-31
- sMEsCIs lyTEI.L.IasCE.


NV YoRK, Ocropls %.
Circular from .'ihe Bauk OF THE Unned Sistel
~ New York" dated ~ DAYS stree hnl NOT bfoueh
h.iare the Pubic ueil To-day. has excited al
isn''oa ~ the city The felio~iug = seors;
BANK OF raS UNITED STATES u Nrw ToRs
"oeronEn &c, 1882
''SIs In en-, pliancr uuh the ios,iuctoas OF III,
Bank ai the unsed States in Philadelphia am d.
teeied ncul. ypg ,is The pa, aleui al ,oar NOE,
due to tlielr agency ia this city Will be required al
maturity,
II am ih'ihrr usruued 10 inform ,on thai from
the gteai dssiIe ~ the Bank to effect settlement 81
CLAIMS they Mil receive from, ynn IN liquidation ol
the same, ihtsr post notes bank bills payable de
manj, the capital stock of the Bsnk payable ri,
ny lime rretio 10 tie filth 81 November
This Is one Of The most important movements
which has her made since the Suspension .fsreeie
pssmeats, The Bank II the unhed States At Pull
sdrphia has been large creditor 10 the eny ol
E NV York, aud unlocked ior means uf payment
provided BY This liberal frsoiuiion Of the Bank,
The bills dizcauni 81 zen per cent, aud the
stock is a DISCOUNT Of % per cent and debtors, oi
pay thu Indebtedness at these discourse
either by the purchase OF the bills, the stock, or
ihe pos notes, which cau be buuehi, probably. nj
sums considerably under their real value,
There has been another depression IN the stock
market to-day. and a settled gloom appears to test
uron the ~, ,jortv Of the mercantile community
Nearly III kinds ofbu.,ncss star d. The law
,rrs aud brokers alore appear be reapiug rich
ho,esis t,om The cemmon calsncs Which anlict
the business community.
lco,respoadoaee Ma. Int
NV YonK, Oct -.
Anoiher very gloomy day has Just Chased stocks
lower. and money scarcely 10 be bal nj any ptfee,
aud fendeaey dosu" ards of 6tega aud domestic
exchanges.
The atiion o( The Banks in consequence Of tie
meeting OF merchants heli las night. j. yet de
fnitey sealed aud vail not be all the steamboat
has gone.
THIS much kuaw. ilc Union BANK has offered
u extend S3a1 O0o. and five other Banks have
ufi,red the came "a proportion 10 Their capital, bni
u condiiitn ibat all tic other Banks should IN
ee.ase tlier issues to the same extent
The Bl,k Of america and Manhattan Co hase
nj yet made known their determination, and II Is
feared tha rl,rsc latter will refuse 10 enter INTO ~
arrangement whatever, and thus nudity eut1es the
~ cerding OF The Others.
The Mercantile con nnaily vi" Hen be leG u
taker hat measures they iii. and u Is MOI lnprob
able this will be 10 pay 80 more notes whatever.
Coucspoadeaer I. y Ga..
MN YoRk. Oel. 25.
haye rn Improvement IA money matters 10 re
po,t the pressure seErrc ever. mpfe severe
II hat be possible. Stocks have agais fccrded do /
mesic exchanges have been very dull oil sale trans
actions Philadelphia were made At llbI1a. /
aud Baltimore, Il4a12. Foreign Hchanges. owing .
to Tie scarcity Of money and good supply oi hils
declining. London, lo~a1eel, unh Paris has
been sold at 81 30.
You viii ha,e seen The correspondence betWrcn
eommiiee on he pan ofihe mcichanl,o l tins CIV
aud The dhcctets 81 our banks. II amounts to 1t
ale and oaannt be otherwise, tnt the merchants ash /
two things. oi which. IN the opfuiun Of the F
banks, y incompatible will the oihrI That IS,
that they sl'al eonunuc spccle payments aud Gu /
large Their discounts To do both ol hiuh the
banks betrvc impossible
Tie most ipeNotablc among The Bs,ks are the
Bauk oil America. The Manhattan, aud Mechanics