Bloomington herald. [volume] (Bloomington, I. T. [Iowa]) 1840-1849, 1841-02-26

Erp,oston Of the United States 1an "s- eo.s
ffence Observation-Disclosures" en-.
the great head Of W'"'sse'v 8 ''''' r 49,
=, Tho 4,h instant, the stock of the Biddle
pani run down to ga "a per snare Ana
- Tho evening the great Levla'nan-,ne du-
,ho nc of inquiries gave up the gnos'. 70. our
.ouotry we rejoice, but we sha'' not no' y"
. ~ caIcass Of dead and desplcabIe Zoe 10 nu-
man liberty-to honor and 10 honesty.
From the Philadelphia Ledger Of the 9Th instant
ExrRAonplNARy ExclrEMeNr!-THE UNI
I'm Sr.Trs BnNK.-A great degree Of excite
mont prevailed in this city yesterday afternoon
and evening. in consequence of a rumor which
rrevailed in regard to the United States Bank
The canse which gave rise to this excitement
,,,s "a we learn, failure on the part of the
Rank to meet certain demands against it. AS
far az we could best ascertain the facts, there
was heavy draft presented about half past 2
o'clock, by the runner Of the Brokers between
this ci,v and New York. We hear the sum
stated as high as three hundred thousand dol
lars. which the bank failed to meet, the officer
saving SIT could not be- paid and the officer
withdrew. Two other drafts, one for twenty
thousand dollars, presented by broker In
third street, and another for about the same
amount. by another broker, was also refused
payment. -. 81 ,hoso
facts soon spread abroad, and the Exchange
last evening was crowded with anxious lnqul-
rers into the truth of them; and opinions were
various as to the probable consequences OF this
unexpected measure, and meeting OF the 9TH
or city banks was held last evening IN relation
to the matter.
Since the above was in type we have recelv-
ed the proceedings Of a meeting OF the Board
of Directors Of the Bank of the United States,
which may be found below. By them i,
would appear that the Board has made faith
full effort to sustain a RESUMPTION, but with
what success the suspension of yesterday full
ly explains:
BANK OF THE UNITED STATES, !
FEBRUARY 4, 1871. )
1rATA SPECIAL MEETING OF THE
BOARD OF DIRECTORS Of the BANK
OF THE UNITED STATES. held at the
Banking House, the following Preamble and
Resolutions were unanimously adopted:
WHEREAS, The Bank Of the United States,
in compliance with its pledge to the public,
has mace fair and bona fde effort to resume
ana LldiUtdlH SPcClO PdyilIo"tos Ho'i"S oaHCO
the 18th January last, paid out an amount lit
tie, if at all. short of six millions of dollars in
coin or specie funds; and, whereas, the effort
to maintain specie payments by this bank has
been rendered aborlive by the intentional ac
emulation and extraordinary enforcement Of
its instant iabities-Therefore,
Resolved, That this Bank is under the me-
cessi,y for the present, of suspending specie
payments.
Resolved, That every exerion will be made
by the Directors to collect the debts, and con-
vert into cash the assets Of this Bank, for the
purpose Of resuming payments in specie at the
earliest practicable moment.
Resolved, That the foregoing preamble and
resolutions be published.
Extract from the minutes.
A LARDNER, Cashier.
We have just heard from the meeting of the
Banks at the Exchange. The whole thirteen
Banks were represented, and unanimously
agreed to continue the payment of specie to-
day, and for the future, as heretofore.