The Columbia Democrat. [volume] (Bloomsburg, Pa.) 1837-1850, 1841-02-13
UNITED STATE S BANK BURsTED.

Great excitemeI It, was created in Phila.
delPhia on I'hurst lay of last week, in con-
sequence OF the Great Regulator refusing
to pay her notes in specie. In consequence
OF her suspenu .ng, heavy run was made
upon the other banks Of the city, on Friday.
They contnu ed 10 pay spece during Friday
and Saturday. After several meetings Of
the officers Of the ci ty banks had been held
upon the subject of general suspension,
it was resolved on M, 'nday to refuse pay
nsnt on large drafts or sums Of money, but
shat they would continu, TO pay out siirer
for change. The banka throughout the
State will undoubtedly fol- ow suit. Thus
after only twenty days OF resumption the
whig Regulator has again bro ught the banks
Of the State, into non psyin, giLstitutions'
Il seems that the wings are right IN dub.
SinE net WITH sno tfsle VI fsA "'
che appears to have complete CO n'rel over
the operation Of all the banks of {. 1e State.
We understand that meeting Of ths dl,
recto.s Of the Northumberland Baa. was
held on Tuesday last, at which it wa re-
solved to suspend specie payments, but au'
thorized the payment of specie, when wa NJ
cd for change.
BY the following from the Philadelphia
Spirit Of the Times, it appears that meas |
ures are being taken to wind up the con.
Germs Of the United States Bank in pursu-
ancs Of provision Of the law authorizing
she last suspension.
"Andrew Miller, Esq, having made
oath on Friday las! OF refusal on the part
of tho United States 10 redeem in gold or
silver coin eighty two 81 10 notes. writ was
issued returnabe on the 18th of this month,
when, we repeat. if payment be not made
in the interim, and the fact be proved. the
.char,er of that institution will be repealed
His quite possible that the notes will be
paid before the expiration Of the ten days,
because the steamer British Queen is hour
" expected to arrive at New York, and it
is said that there is large quantity OF sPe-
Gle on board OF her. the proceeds oil EURO
pean loans lately accomplished on the part
Of this corporation. How much ruth shere
10 in this report we are of course unable TO
determine. At any rate we are bouno 10
look upon this last suspension" of the
"great regulator" notwithstanding II must
occasion much distress among those mis-
guided persons who, notwithstanding the
signs Of lis corruption and approaching dis
solution, have up TO the last moment lent 1t
their confidence, and will meet almost utter
ruin in the depreciation of its stock, as one
Of the most salutary events of the age. II
will Leperale as capital detergent on the
body polite, and financial of our conntry
Il will relieve our other sound banks Of ar
5neubus, tha, for years las been weighing
upon ,aeir energies. They, though posi-
bly, embarrassed for the moment, have win
in them the elements oil recovery. The,
are solvent, and once freed from the palsy
ing, wani,of-confidence. reating, iniuenc
Of the mammoth institution, viii spring 10;
ward with an elastic step. and renewe
spirit, in the race OF solid and permsner
prosperity. we hope Governor Porte
will now show himself true demccra
and patriot, and sne iaiahful TO the in,sres'
OF tho STATE. No mstler whal Fedora
minority 10 The Legislature may propose