Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-02-13
THE BANKS

pIuLAprLpnIa, Feb S-Wc understand, that on the
part Of ono of the City Banks, in which the Common
wealth is largely Interested a. stockholder COM
mttee has been sent to Harrisburg TO present their
views Of the subject TO the Governor, preparatory To
deciding upon the course which il may become their
duty to recommend TO their immediate constituents, the
private stockholders Of the Bank.
We understand, that the Banks continued on Satur
day. to pay their five dollar notes presentation, but
declined paying their larger notes. Checks deposit
ors were marked "go0d, by some of them, 1--WE have
understood low ten dollars) and partially re-
ceved in 1eposc, and in payment OF demands at other
banks. Some, however, refused altogether TO mark
checks or receive them except in payment OF notes
The ELDRrDGE affair would seem to render the poll
cy of this extremely questionable, at least 10
indicate the necessity of great caution on the part OF
Bank officers
We learn, that Friday and Saturday evenings,
meetings held by delegates from all the Banks Of
the city and county, with the exception Of the Bank Of
the United States, for the purpose of consulting the
steps necessary 10 be taken At this important crisis or
the result, are Of course unlnformcd- Scntine.
From the Phial'pAia Spirit Of me 7imes, Eel. 81
UNITED STATES BANK y joint resolution was Of
fered in the Assembly Of this State Friday by Mr.
Middleswarih, 10 have Committee appointed 10 in
vestcate the affairs of the u. > Bank, with power TO
send for persons and papers. An investigation OF this
kind, made with determination 10 probe matters 10
the bottom, might exhibit some curious facts. Such
an investigation is due 10 the stockholders and present
officers fihc institution, but particularly the
people of this community and the country, who have
suffered so much, either from its mlsmanagement,
from the system upon which il is founded We believe
that both have combined 10 produce the evils
frequently have occasion to lament, and hope commit
tee will be appointed who capable OF investigating
the causes Of these evils, well the condition Of the
institution.
We learn that meeting of few citizens, without
distinction of party views, was informally called to-
rclher on Saturday last 10 take into consideration
ataru III md do
wise such remedy might seem best adapted TO pro-
mote the important objects which the occasion requires
Hon. George NJ. Dallas called TO the Chair, and
Josiah Randall, Esq, was appointed Secretary.
We have not the proceedings form, but understand
that the views and feelings generally entertained and
the conclusion arrived at that the Legislature be
applied to and requested TO put the Bank OF the IT, S
into liquidation of lis affairs, 10 authorize the suspen-
sion Of specie payments by the banks for year or
eighteen months, and 10 grant them the privilege Of
issuing small notes for period limited to three years.
The meeting adjourned TO meet again some evening
this week. to which should be glad ola notification,
that their proceedings may appear in due FORM
The Spirit Of the Times says
"Thc resumption bill passed at the session of our
Legislature Of lS3940, declares that if any bank
fuse pay specie for its notes (after 18th January
1871 its charter shall be foreited-lst by affidavit to he
made Of demand and refusal before Judge of the
Court Of Common Professionally, the Judge TO give
ten days notice to the President Cashier the Bank,
and to the Attorney General of the Slae-thrdly, the
Judge to take minute Of the proceedings hearing,
and if the facts of demand refusal be fully proved,
file record of the same, and declare the charter of
said bank TO be absolutely vodourthly, the Judge
issue writ to the Sheriff, commanding him 10 close
the bank and deliver its effects to three trustees named
in the WRIT who stockholders, and they proceed
and wind up the affairs Of the institution.
In compliance with the provisions of this law a cita-
ton yesterday issued by of the Judges of the
Court of Common Pleas, upon the affidavit of Andrew
Miller, Esq, that he had presented eight ten dollar
notes at the counter of the IT, S. Bank, payment of
which in gold and silver had been refused The cta-
ton returnabe on the 18th inst, when if the facts of
the affidavit be sustained by proof, tho charter of the u
S. Bank will of course be annulied! Sic transit etc.
The cry has been against the Bank of the U. S.,
and she has fallen. She is struggling 10 reduce the
others 10 the state that she may stand before the
Legislature upon the same footing with them; and we
are crediby informed, that this Bank with her agents
the most active during the whole of yesterday in
endeavoring to pull down all the rest Let this be look
ed TO- 1t is not the sober minded Democrats that are
cndeavorng to PROSTATE the banking institutions
of Philadelphia, but it is the Stockholders and friends
Of The fallen monster. She is gonc however, never to
rise and no effort can save her.