Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1841-02-16
From the PHILADELPHIA Sp;ri, If tic Times.l


The meeting Of citizens held at the United States
Hotel on Tuesday evening" was well attended by he
chants and business men, well as by goody sprihk
limo of LEGAL gentlemen. The Hon. Geo. NJ. Dallas
presided and Joseph r. Chandler, Esq, acted as Sec
retary The Hon. Joseph r. lngcrsoll reported the
Resolutions, Chairman OF Committee appointed az
previous meeting fer that purpose When tie second
of these resolutions was under consideration, John
Miles ESQ., moved amendment, to strike out the
names of the several Banks therein parcunrzed, and
insert the words 'he Banks Of the City and Coun-
Nv of Philadelphia, which gave rise TO considerable
discussion but, though adopted amendment on
the first VOTE was eventually negatved as It evidently
included the United States and Schuylkill Banks III
general terms. Mr. John NJ. Kennedy made another
motion 10 amend, by offering resolution requesting
the Legislature "to lcgalze the present suspension
and allow the Banks to issue small notes. but this
was negativcd BY decided majority. Pending the dis
cussion fthese amendments, and when Il seemed pro-
babIe that Mr. Miles amendment would be adopted
Mr.. Dallas stated that II any acton was made by
the meeting in favor Of the United States Bank, no
should ask to be excused from further participation IN
the proceedings he could not and would not IN any
way sanction o excuse the conduct OF that institution
He said that he willing to unite in an effort 10 re-
lcve the business community, and such Banks had
acted in good faith to the public and the law although
he made sacrifice of political views IN dong So
but lie could moi far transcend his general primer
pies as TO weld or ask any indulgence to bank which
proved itself utterly unworthy Of such considerations
| This was highly conmcndablc and gave Mr. Dallas
great credit.
Josiah Randall, Esq., addressed the meeting very co.
ouently in favor of the amendment, and endeavored 10
persuade the gentlemen that unless they yielded Their
partizan objections the effort to relieve the community
would be futile, from want of harmony of action;
but he followed in able and irresistible address
by Mr. Ingcrso, in favor of the resolution reported
by him, showing that the Bank of the U States lost
"past redemption and that therefore, any attempt 10
seek indulgence for it, in common with the rest. could
result in good to that institution and ght prejudice
the claims Of the others by lis connexon with them lie
stated in proof of its utter inability TO sustain Itself, ahd
the mpossiby of reviving it. that its notes were repn
dated by the Banks, well by the community ana
that there not the slightest possibility Of establish
ing confidence in its solvency by ISLANDER interrupted
Mr.. by saying he would take lis notes at par; Then
said Mr. lngersoll, pulling out well filled pocket wal
let 81 II trouble you change of my U. bills, Tor the
notes of any other Bank in the Commonwealth Quite
a lively sensation produced by this appeal; bnt
there exchange of paper, and MIR lngerso re-
sumed his remarks. He clearly proved, while he said
he regretted, that the u. S. Bank total faiiurc
and that it would therefore be mpotc, as well as USE
less for the meeting to cucumber their poceednps with
its wreck. After several other speeches were mad the
: resolutions Of the Committee adopted without
amendment.
/ Thefollowing resolution were adopted:
Resolred, That this community, in lis financial con
Germs, stands at this moment in need OF Legislative as
sstance and relief.
Resolrcd That the Bank of North America, TIE Pin
j adelpha Bank, the Farmers and Mechanics Bank, De
Girard Bank, the Commercial Bank, the Mechanics
Bank, the Western Bank the Northern Liberty ban"'
t the Moyamensing Bank, the Manufacturers and Mc.
: clanics' Bank, the Southwark Bank, the kcnsnsIoh
u Bank, the Penn Township Bank, and the Germamo""
Bank are believed TO tie in a condition which wall ena'
BILE them bene6cially receive and TO render avae
bic the people the contemplated relief and assS'
ance.
ResOlred That the requisition of the Act Of Assem-
big of Sd April 1910, and the policy of the Couo
lie wealth. as made known by the Executive, were me-
lie and carried out on and after the 18th January, ia.
and large amount of specie has been withdraw" =
is the abortive effort to give permancnce to the same
i. Rssoircd That the following measures OF eIel '
assistance called for by the present emergehcs
1st. A suspension Of the penalties provided " a ~
s. statute of this Commonwealth, for the OMISSION q
a. of the above named Banks 10 pay their depos''
Il other obligations in gold silver CON. ~, ,.,;yc
Cd of the provision of lS4o re'a"'
10 dividends SC. IN J.. r..
i'll 3D. An arrangement by which each bank sAall " q
in qured to pay out its own and not The ho''
e, any other bank. ,.;..,ocs as
e 4th Such other measures Of relief and assistance
the Legislature in lis WISDOM may enact ....o,,d
i'll 5tl That committee of seven persons oe r.
I'D to proceed to Harrisburg to obtain the neeeSs''
ed lief and assistance.