The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1841-01-08
. LIMITED STATES BANK.

rfUNTTED STATES BANK.
we have forborns to comment on the late
rsport of the affairs of the Bank of the United
States. because, believing that although wise
LEGISLATION may recusitate its credit, 2rema-
lure resumption will be followed By another
suspension, and consequent loss Of credit and
a sacrifice Of its assets. We are aware that
the question Of resumption depends upon poll
ticians, who may misconstrue our motives, and
charge our remarks to hostility to the Bank
We have no desire to injure that or any other
institution. We would sustain all, and have
therefore awaited the action of public opinion
on the report on the money market of N. York
and Philadelphia, as indicated by the sale oil
stocks. We have now re ceived this-a fall OF
ten per cent. in New York, and of fifteen per
cent. in Philadelph And thatfall produced
bv the banks own exhibits! Does any one
believe that, with this demonstration of public
sentiment, tie bank can stand resumption be-
fore she has realised on her assets in Europe
II. s. BANK.-In New York on Wednesday
the q. S. Bank stock fell per cent. making
with per cent. on Tuesday, fall oil ~ per
cent. since the Report of its condition. The
last sales were at 80.
made as low as SOC. The Inquirer OF yester-
Our Stock Market was sadly depressed yes
terdav, and quite panic prevailed, especially IN
the eariv part of the day. A few shares OF
limited States Bank stock were sold as low as
500; but it afterwards rallied to 5Ia bid and
Sc asked. tits believed that the panic IN IeIa-
lion to the u S. Bank stock is already subsldlng,
and that in the course of few day saffairs will
assume more cheerful appearance. There
is no doubt as to resumption being carried into
full effect on the 18th. Money is sill scarce,
and Will doubtless so continue until alter re-
SUMPTION.
says ,
There is a complete panic pervading the
market attributed to the statement OF the Y.
s. Bank. but it can be with more pIopristy
charued upon the bears in stocks, who before
the statement was Known, commenced the
work of detraction, and have ever since been
exerting all their energies 10 affect confidence
in the stock of the U. S. Bank particularly,
and thereby dePreciate its price,
IMPORTANT SERVICE Performed BY THE Ice
BoATs-Ths sudden breaking up of the ice in
the Falls, consequent upon the heavy rains of
Wednesday night, caused large quantities of it
yesterday to obstruet the mouth Of that stream,
and so completely choked up the vent into the
basin, that the water rose to a considerable
height, OVERLOOKING the Fish Market Space,
filing the cellars in the neighborhood, and threa-
tening extensive danger. DAT this juncture,"
says the American of this morning, 'the Mayor,
who had been informed of the circumstance,
sent to Captain Turner of the steamboat PataP-
SEQ, and Captain Sanner Of the steamboat Relief,
requesting them to make an effort to clear the
stream Both gentlemen repaired with alacrity
to their boats, and in few minutes the Relief
was brought to the mouth of the Falls, which
she entered with no little difficulty, the ice be-
ing piled from the bottom of the stream to the
height of several feet above the deck of the boat.
A passage however was soon effected, the boat
making her way as far up as the bridge. The
water, which had now begun to sweep of every
thing from the ship yards the Falls Avenue,
Immediately fell, and passed off without doing
further mischief The size of the PataPsco did
not allow her to enter the Falls, but she was ae-
lively employed in forcing the ice away from
the mouth of the stream far into the Basin. The
boats did not cease their efsrts until noon yes
terdGy.
There is no doubt that the services Of these
boats prevented very heavy loss of property by
the inundation which would have inevitably
ensued. The prompness and boldness of the
two gentlemen who undertook the performance
of dangerous service, entirely new and in a
dark and stormy night, entide them TO the high
est need of praise, anG we have no doubt our
citizens will duly appreciate their valuable ex-
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