Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1842-02-03

aIsrs Raah 7senllssin rhislas lpkia-S fsslnrs IL
th4 Bsnk Of FTnassf fania ssenlcmtn sshe reach
sed ihiS.clty yestefllaS from rhilaneifhsa. state
i Thai ne Back q PENNSYLVANIA tailed d Sasnr-
lday, Ames4ihs Il The Bank sffeeFs uf hal lci-
lfyI Mas held in Saturday afternoon aud il was
iTumared lhal they had eesne u .heseeneIosipn
II thAt sechI Banks as we've SAlxsna ShaAs<Tee11ae
specie Payments % she lFret Aasasss and 81
.AhhSe ahich were nUl abe 70 fespnles should 60
HsSno honidatoe. There was much excitement
sn The riy Ii consequence u this disastrous con
i ditien ofiafairs
There was some appfehepsloH "a 1hs pubs.
mind il Philadelphia, IN 7feisfenee % ne pay
s4ssrt 81 The S.ae interest en- Tuesday next. not
b xahSlanding IN has been 50 positively predicted
AthNshe Goverr.r1k Treasurer. Governor Poser
S now n Philadelphia abd his J ISL is supposed
I4o have Itfelsnce % abs subject
i Fra Ia, Raiiasslph;a Gasss,s II Sqssrday lssi
TRovnrx ID TnE B4xk or PrsNsY txANiA.
The Bank ol Pennsylvania has been
rno upon today, both rs holders Of notes.
las Ssell as 81 .deposi,orS. Vague kumors
n have been in circulation for some@dayS
growing out Of general distrast, and To-
n day ii has reached this Bank.
N Up 10 lie hour Of goiag-to press peo-
sple continued 10 press forward calmly.
fMitlYoM excitemenL~towsrd The desk ct
fthe paying teller, who has had 2 busy
N day Of il Tbs doors Of the@ Bank have
! also been crowded BY large gatheting
II ofspeople. Dat every body aets.wiih calm
E39 ass andimen speak with looks and tones
II torhinous u wide sPksad and fresh disas.s
III tiers,
III 2aP M.-The Banks now refuse the
I'll notes IS the Bank5of Pennsylvania, Up
Vain n6on.they were generally received At
fEtheir COUNTERS The crowd Is incFeasing
IEarounalhe Bank, and Is the rumor ex-
I Ftenas HE excitement is extendings
! The banking room is crowded 10 excess.
4 and sqwo telIers are engaged in redeeming
the hoies1 Que Of the worst features
conhbcied with the trouble In this snsthu-
\ Iti6H. 1 IS lis holding the $500, O09. with
4 which 10. payFthe Interest on the stale
Fl d@btafalling due on Tuestaay. !, ~
4i Three o clock The Bank continued 10
] lredekm itslnotes up loAhis hopre the Tine
for dosing Gov. Porter has been pre-
! sept ID the Bank for some tiFe.. The
4 crowd ssof people IS immense. but nodis-
\ turbance hastaken place. They have re-
! deemed their notes mostly ia Moy amer
] sihg. 81 /
N ITks Philadelphia Gszsste IF Saturday after
INV 4 are. sorry folearnof several fsilufes
s3lmithri a few DAYS. Of sound jdaicioua
I1Lhouses, NECESSARILY the resulF Of such dis
fnances and want Of confidence
7 as1is just now experienced in our city.
sAiJ FFBI ,1tss- ~: -
"A The failurt.of the house of Alexandef, Benson
n & Co an extensive Brokerage concern in Phil
adslphia, is saIId u have taken place oa Friday:
E 1The Phadsl phia Inquirer of Saturday says:
fflA. Our banks still refuse 10 pay ,op. their
j gBown4notesI TEey either 3mark cheques
-HHla.'go9is, Hor pay out'he notes Of country
5 banks,
E FRoar fHE gAlrIMpRE amFRpd4N FEBR9ARY T.
v Bank Troubles b. PHILADELPHIA VIE yPenniyl-
pa,ia Lalki- II appearSthai The verbal jnfoTma-
!. Don which we published yesterday relative 10
X he failure oflhe Bank Of Pennsyivania,was not
~ correct tie Bank ii win be seen ny annex-
4 ed paragraph, paid aA'demands uppnh. until the
a regular hoqriof closing " 4
iii From the Philadelphia .fnltf;cal, Jan. 81. u
-ff The excitement Of the week 10 regard to
E banks, has Increased al The Iclose. Thesus-
nlEpension dtlpaYment bythe Girafd Bank
!. led to distrust Of all The banks on The part
! .lof The community The Pennsylvania
i II b NIX, supposed 70 be the weakest among
elE those with large capitals, and doing the
= most business, was also run upon. The
i depositors commenced drawfsg on this
d bank PM Thursday, which run continued
es on Fridsy $50 that during the Two days.
a very large amount ofthe deposiIes had
been withdrawn
p1i9 EARLY On SATURDAY. n ornipg the notes Of
f n ne Bank or Pennsyly we're refused BY
Of the other banks. This ACT soon
u became generally known BY he other
banks which isn dfately adopted SINH
IaF course. The cfowd al The Pennsyl-
: ffiyania Bank soon increased, and ihe. hold
SdEeFs Of theirnotes demanded current funds
a ID exchange Of these notes The number
sIof persons with notes 10 be exehan ged
Il and the number Withdrawing their depo-
i 4 sites, caused a. considerable Iush upon The
e bank The greater part Of The time during
al banking hours An the demands Of both
|. descriptions were h6weveFIpropptly met.
a Gov. Porter, we learn, leAthis city yes
( terbay for Harrisburg. His Exesllency.
0 \ WEI tfar,was not well pleased with the as
J lpeet of affairs atthe Pennsylvania Bank,
$ relative to the State Interests.
~ ,J-1 4. tU s. Gazette.
MpsrY Matters - The Philadelphia ebrOa-
!. 1icld Of Friday says.
/ Al dreadful stale Of affairs is now too
| spparen, inI the monetary CIRCLES Of our
city AT the Board Of Brokers every
thing to-day was confusion. hustle. and
excitement The rupture al ihe Girssfd.
,, Bank has thrown 4 gloom over every
tbiagD and the transactions al the Board
were small GiFard Stock is selling al o.
!. lone tenth its par value, and tEelnotes, ID
fHwllI belseentby reference 10 .he apricsp
bid andasked.. were offered by holdefs
5at-I5 centst}discoqnt on7t he doilsr-buti
buyers offered enlJ 23 cents dig.--no sales
: ai either prices. reported. Pennsylvania
Bank stock is also I'D a vWretched condi-8.
Mon. It's par is 1907 dollars and to-day
\ The highest amount offered for il was so
llz-one-eighih lis par value.
I'VE New EoEK Journal Of Commerce Of We'd
pesday says