Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1841-02-08
POSTSCRfPT.
M LAST EVENING" nan,
THE BANKSf


The last Evenings mail brought msrs d;...,,o,,.
intelligence from Philadelphia. The Civ B,nk,
which. on Thursday. had resolved to eou,ous
cash payments, Notwithstanding the suspension Of
the Bank Of the u. States, on Friday. bv an.
O'Clock, with two or three exceptions. were .o,,-
PEELED to follow suit, and at most redeem THAR a.
dollar notss only, in specie. A panic OF the mo.,
violent type and pervading all classes, appears a
have seized on tho community. There were l.rv.
collections in and around the Banking Houses. ON.
lad is said to have lost his life in the squeex. and
according to rumour, Mr.. Biddles house vas ma.
naeed with FIRE He may deserve it-but ,h.r, !.
one beyond the reach OF Philadelphia mob. who
deserves Il more richiy-he, whose handy vork
these dreadful ealami,ies archie. whom the l;vinr
generation have cause to exeerste beyond alt pub
ie enemies-hc, whose passions and ienor.ne.
commenced that war upon the credit and CONNER.
cal confidence the county, which, in o ve.,,,
has not done yielding its bitter fruits
What will the Virginia Banks dot Thar d,,.r.
minaton OF Saturday night, is in another coluro.
They viii not suspend. They will meet the crisis.
we ieei authorized to say that the deliberate con.
illusions of Saturday night, are rot disturbed bv
this I'd chapter Of Philadelphia news. There i. 10
cause for panic here, and there will be pone. l.,
the Legislature promptly come to the relief Of m.
country IN this exgency, and oil will be we'll I, |.
no time for theory. Ac,;o,--,h. -
cal good sens. \. ,.,,-, '.o" VI P1aeu-
terests. "
Baltimore suspends again this div. wi,,,;,
ton suspended on Friday.
or IN. ..,,.. or r.;,. ,
thus speak:
From the Pennsylvania Inquirer of s.turs,.x
DAY OF EXCITEMENT IN pm ADpI pm.
More Suspension bv IN, Rs,I,
Yesterday WINS , J.v w,,,
in Philadelphia Ia GU, last we go eAenemest
ings Of the u s Rank N az. rs. - he proceed
tuition had in Consequence of 49,, la nat nsti-
East been compelled 10 reso,, 10 uss" Irom the
suspension of specie paym.n,s-aIso ~" mPoraIy
ngs of all the o her Banks of Pb;l,J,,nr; poeee1-
effect that thew would con,;on. 90 80" Pni', 70 the
their obligations These n,,bi;r.,;y SPITE or an
great sensation Throughout ,he comwrr p,ooueso
must have been exnected hy go. y, eho, as
under the circumstances hundreds Of ,.sr"ni man,
all the Banks, and demanded sner;s i; sous visited
small sums and eitber ON cbscts -. -; Lage ana IN
Thus. at an earlv honr in m. ~, ~ oahk notes
of most of our Bank, We're icroxdsJ Ie counters
the excitement was cyiientlv bieb no,h;ns ;anough
of violence or outrage ,ook Ia, III liosau'e
general department Of the v,,o,,s $50 i.'eeeu, me
creditable under the crcums,nnces IT, ~ qune
". s. was not particularly thronp.d ,t, 10 1919, y, e
and throughou the whole day the Bank nail 800,
on is S5 noes The other Ronks ,.L;.h P..u specie
paying specie on ali their ohI,s,,;ons o,''neneea
one by one. so that by O'Clock, The ony ;r.,;,,,
tons that paid sn,eie in .ensr,l ,a "Su,u-
hlladephia-FaTmers' and Mechanics'-Soutb-
watk-and Commercial Banks Even these, we
retolu, marked number of checks that were
Ptesen'eu, as good" All, however, through
out the city and county, freely and promptly
Palu thelr 80 bills IN specie; and in one or two
cases, amounts as large as 100000 were paid
In the aggregate before II was thought prorer
10 violate the resolution TO persevere in the resump-
.0n' whieh was passed IN the Bank Meetn g on
thursday night. The Western Bank paid ali de-
mends oil every Kind. The general EXPIRE, sion of
0pinon was-that the Banks acted very iniudcious-
~ IN making airuiiless attempt to resume, af,rthe
" D Bank had been forced TO suspend. But, per-
haps, we should give them credit Tor this ef-
tort, 10 comply with what they deem public
OPINION and law, end consider IL rs an earnsst
10 sustain specie payments TO The ulmcs' even when
IN inc Judgment OF some of the Directors, such .
course could be pursued only TO the injury Of the
institutions Every thing was IN confusion, as te-
ates 10 money matters throughout the day;-most
o. me brokers refused to purchase notes;-whe all
BORROWING ana lending, seemed TO be out of the
question ior Tie time.
1o",e'nng, OF course, VIII have TO be dine forth
W. bnvs conv" ~ me community currency
and thew manilrS, siocs,. Sssi.. - e DIee.oIs,
in their power, and no doubt sns,SiIv 49, lug .n
means TO allay the present ponic. nnJ stJc,d III
usual business facilities to our ctzens sn;,; q,
moderation and forbearance on all sides ,honId he
earnestly inculcated bv those who nav, inansns"
of society.