The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-02-01
PhllaG1olphia.


PHILADELPHIA, Jan. 81, 1872
Bank Observation-Disclosures on the Bank of Peussk
cGnia-Run on TIE 1doyamtnsing Bank Fbuu Of
n" Lsasue' Efforts topay the State Interest &c.
We are still in the midst Of great confusion. douh<
and uncertainty, in reference to our banks and the
currency. This morning, rs on Saturday afternocukf
the Bank Of Pennsylvania was besieged BY crowd
Of many persons. This institution, you know.
stands on Second street, and has yard in 'front.' -
Neither the doors Of the bank, the gate eadins
to il, were opened. A notice was posted ON then,
that injunction had been applied for on the part
Of the Conmonwealth, and that . motion to appoint
receiver, to take charge Of its assets, would be
heard on Monday next. Of course, until that time
it will remain closed and the State interest due TO-
morrow will not be paid So far from this iniune-
ton being opposed by the bank, it is believed that
il was courted by it.
As for the two or three days Of the past week.
our brokers and basiness in statu quo, from
the fact that they afraid to touch any dsscrip-
ton Of our paper currency. The GO league that
has been noticed n formed between the banks, to-
pay out their own notes, and create safety fund,
has had but little effect on tranquzng the fever
ishnsss in the public mind. This safety fsnd, Il
created, at the best, il but to protect the bauks
exposed ~ before. The want Of confidence 10
just a. great ~ previous to announcement Indeed,
think It 10 greater, for ii is admission from the
banks, that they are unworthy of credit; and that
each will not take the others notes, unless security
in the shape Of this safety fund is raised To raise
this safety fund the community see, also, takes from
the security which the Banks held to meet their
bills in circulation. In word the Banks secure
each other 1t the expense of the bill holders
Greater coasternation, never before saw in this
city. All business seems TO be relinqulshed, ard
the subject of currency and bank failures. is the
engrossing theme Of all Glasses.
Prettylsmart run has been kept up all day on TIE
Moyamensisg Bank; it, however, met all demands
to the last. That it will be- able to do 90 to-nes-
row, is doubtful. SO we 90. That the die at n
game Of ten pins with eur banks, is now certain.
There have been several 10 lettings of the officers
Of the Banks to-day, the object Of which, was 70
obtain means from them t. meet tho State interest
Az yet, nothing has been accomplished.
At the Stock board nothing was done Of any con.
sequence. Gjrard notes are selling from Is 20 -
per cent discount for specie Currency il At dis
count Of about ten per cent.
! dc not know, whether the "league" Arrange
ment has been affirmed by the several Boards OF
Directors or not The West Branch Bar K is broke
A question was decided in cur District Court -
Saturday, which may be interesting to the mer-
camille community. In the case of Shoemaker
and another, against Thomas, in which action
was brought on a prom ssory note made BY the de-
fendant, affidavit Of defence was filed, in which
the defendant claimed the right Of defauting Ger
tain amount above egal int rest which the PLAINTIFF
had charged the defendant in some previous traAs-
actions, which were entirely disconnec with the
note sued upon in the present case
The mattaHfcams before the court for argument
on Satur1 y3when it was decided that the usurous
interest charged on transactions having nothing to
dc with the note on which the present suit was
brought, could not be made an off set on the plain.
t,fs' claim, and judgment ordered for the plain
tifs for the full amount Of their demand. For the
plaintiffs, Mr. Hopper; Mr.. Ingraham for the de-
fendant.
The daughter Of Hon JOS r. Ingerson died Il
Washington on Saturday.
John NJ. Scott, mayor, rum ,r says, has bssa
nominated to the judgeship declined BY Mr.. Binney