Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-03-22
RESUMPTIo,

The New Orleans Bulletin of the 10Th inst states
that on the previous day, clngs were entered
aoainst ten of the recusant Banks by the AuorneyGr
neral 10 have their charters declared forfeited and force
them into liquidation Against three of them, VIZ Tie
Orleans the Exchange, and The Atchaialaya wrlts q
seouestraon are issued by virtue Of which the toorsG
the Banks are closed and the books, property and as
sets handed over TO the Board of Currency The In
prove ent and the Merchants Banks are IN contnct
as helpless as that of the sequestrated institutions beng
unable TO work under the Bank Law, after having
cepted, and thereby compelled 10 go into liquidation
Thus five Of the corporations summary disposed a.
and put out of the way Proceedings are pending
against five others, force them into similar prede
nent which, if successful, will leave nothing standing
but the six Banks that have accepted the clemency
the Legislature, and whether any of them will tie abe
to weather the storm is considered prob.emetcal
The New Orleans Courier says, "that among the
whole sixteen banks in ". Orleans it is calculated that
eight or nine will weather the storm he AmeTcla
SAYS that case has been madelfor presentation 10 The
Supreme Court TO test the consttutIonalty OF the new
law 1.-THE House of Representatives (ot loulsianal
passed the bill providing for the liquidation oi Bank
with various amendments. The bill allows any BANK
which has been proceeded against BY the Atio!ney.
general, TO 90 into voluntary liquidation. The bill
was sent to the Senate and that body immediately
| proceeded 10 the consideration OF the same.
| PHILADELPHIA Bdnks.-The reader will perceive from
the following copious extracts which We have made from
the Philadelphia papers, that most OF the Banks nave
resumed specie payments IN good faith -Four oi mem
have run aground-but nine Banks have ageeably to
their resolutions and pledges of Thursday night le'
sumed specie payments Friday upon all Their lao
lities The Public Ledger of Saturday says, that
is every to believe these Banks Will now so'H
in sound and continue legitimate business
The of the experiment yesterday confirms ii'
belief for all Of them instantly met the demands mace
against them This has in measure re.eslso'
lishcd confidence in them which will gain IN strength
every hour The most eifectua way by which The Pa''
lie now sustain the banks in specie payments IS "
doing business altogether with specie or specieaghs
notes. and discardng and discountenancing the use
the irredeemable notes of the surrounding States ao
driving them home for redemption or sale.
| "There were runs upon the Farmers and Mechsh
les and Northern Liberties Banks, which they firm!
sustaned-the former paid out some S23U 600 IN specie
and received $4,000, in specie and considerao!e
amount of specie funds the latter paid some S7,CeuG
$4,000 more than it received in specie. The Phlats
phia Bank paid out $4,000, and received $500 %
specie, and $1,000 in New York Funds. The Non"
American aud Commercial Banks were the gamers
| The North American says upwards OF S1o,0oo moe
specie received by the eight resumng BANKS iHa'
was paid out by them"
| (From me PeansylrGnian, .Uareh 49,
"TuE BASKs.-Y Yesterday was day OF great e1ci'
men, in this city. The feeling of restless anxiety 'fu'
ced by uncertainty relative 10 the that wouc te
pursued by the banks, had become almost unconro.i,
ble and it not little increased by knowletr'M
the fact that the Penn Township Bank had given io'a
notice that under present circumstances they dee
it advisable to close the doors Of the institution ""
understand that in tile morning quite crowd OF poEe
thronged the vicinity of this bank. II had pcv"t'}
experienced considerable and increasing run. a. Il ho
for time past supplied material share oi Tue g.
nestle circulation, lis notes being IN many hahG''
is said, however, that not long since its directors t''
security to the other banks to the amount OF 2'VC'
which is supposed 10 exceed her present c'Ic"'s."
If this be really the case, the notes ought not 10 ds
| ciaie. r.
This, however, was not oil. The Mechanics bsH"
also closed its doors yesterday, after standing s"'r
run until about noon. The panic OF course "'an
still greater when this circumstance was rum" t
through the town, and the run upon severn o.,
other banks was proportonably increased. Inc ''t
mensing Bank was called upon BY great hunters
as before, IL rompty met the demands mace up"
\ remaining open, as we are informed uh'" a .,s,
o'clock in the afternoon, and quarter Of an sou
any reausition was made upon it. The Manutac.o''
and Mechanics Bank also had considerable sha's
popular attention. but sustained itself well, ano
remained open for hour after the usual ""''
closing. CIR.
"Ths is indeed melancholy state of things ;, 2'N.
the explosion of that mother of mischief, Inc I.
Bank four other Philadelphia banks have been 60.
PEELED TO close their DOORS there being in fact 81 -
ALL if we include the Schuylkill Bank. We uus,, w."
ever that better day is at hand The fhlaoeip"
Bank and the North America Bank paid specie yess,
day on all their liabilities and likewise issued the
notes The Farmers and Mechanics and 'ne So.s
mercial, we understand, also pursued the same on.
This looks we-ths is q lead that should De lo'." d
ed for it is the only calculated to sa''''!
tranquze the public ,vpe
"J1esumption at Last-Since the above was ~ " lie
we have received the subioined proceedings u. he
Bank meeting held last night, from which "" If The
seen that with but two EXCEPTIONS all the BANS and
city and county have resolved upon an Ws con-
bona .fle resumption, commencing to-day mt, az
graduate The public upon this result, when p'
end TO the fearful anxiety heretofore e1lsns dele
"Bank Meeting-At an adjourned meeting ~ !; Phil,.
selpha a. the philade phia Banking .' Rank.
ming, Mr. Dunda, in the chair, the oiio Sapsmercis