The Arkansas banner., 1847-06-09
Tsss Tcr1.s~aes IlaniEa.

v 4sts
 The paper eurFeney af this State for ysas past. has bssn formed ehisay from sbe issuss of these banks. snain is lsst six sisht menths # has sv- iaenfiy inerssasa 10 eirsulssiOa. The suspsnsioa eide .fafmes and Msfcssats' Eahks' has created . panie among the note holders of cthsr Tennsssss banks, aaa general distust prevails as to he eta biiiey et any The consequences is that the first is nst passahie even at the Memphis rate of discount ssy a pes cent while ethlr Tshasssss paper is ra ted5sa 70 so IS discount The Memphis Conner eixf y6arnsl states tAat the saapended Bank is the most snlvens in the stsis, ard only accounts for the Fun upcn it, hy the fact that few individaals had pafehassd stock enough 10 obtain control of the i6stiEasioa. and the additiona esase of there hxSfAg hssn yssmnsd to her, several cbseks drawn oa Fhlladsirhia, pvusssisd.
 itis gshefaily supposed thai the suspension will odiy bs tsmPorary. butthe Louisville Democra. re mafks:
 ait Is arrant humbuggery to talk about ssample resources" &c., when suspension is allowed. Every one must know that ii sswsv ssspsv resources naa existed no sac riilce would have been considered too great to avoid the discredit and prosiration that must follow. a suspension, not ouly with this bank iiseIf, but on all the rest of the state which will inevitably be effected by the panic createdu
 We leei dispesei io furnish our readers, with all inc information which has reached us upon the sab jes. and we give place to the following extract, from letter to the Nieksbarg Sentinel, said to be from sa intelligent source, daied
 u MEMPHIS, May 26, lS47.
 arfsyed here on Sunday morning, sad found the people discussing the probabilities of fspecic payment, by the Farmers & Mer- chants Bank on the following morning, in. siead Of quoting select passages oG the Holy Scriptures. yet the faces Of the good people were as long as that of the greatest Sunday hypoeriie. You could see them at all the streets and before the hotel doors, warmly dispaiing about the ability Of the Bank to go on. The friends Of the Bank all declaring that she was the best bank In the State, (which I fully believe to De the easel and could show more available assets. One man know, remarked, thai she wouM have tn 10 soneihing. fns tiley had cone hero for she money, and ihey would hare i. oF some thing else.
 Well, Monday morning came, and with il, emo aresowd of ablsck spirits and white; blne spirits aad grsy,n in she usual blue Monday styis. They al cungregaied in front of q hotel on ihe opposite tor shady) side of the street fo the bank anxiously swaIiine, tho hour of 10 o'clock sWeli, cen cane and open went ihe Planters' & Union--bas not so the Farmevs & Mer- chants But through her massive windows could be seen the mountain laboting--her Directory were moving to and fro as rapidly ssifa TippsraFy row were about commene- ine. But anon ta after many tremulous gian. ecs had been cast nut of the window to see what kind of a piit shs ere vd would swai- low was brot forth the mouse The large bronze doors flew open. and out stepped the gentleman in black, and pasted on the front of the Bank the resolutions Of tlTe directory. ?
 sThese were pubiishes in our last. and amour. ted 10 this. We pay specie no longer; when we can. why we'll let you know-in the mean time, don't give yourself any trouble about it)
 But this would not satisfy the confidence of the stockholders. They would not be- lievs but that the Bank was broke Every holder nearly wants to get rid of his money, and the buyers are few, and twenty-five per cent discount is the fgure.-Some moderate transacsiOne were made at litlle less Blu, they gre passed, and 1t now goes begging M p. The brokers have fixed no rate, and will not bay. ! am of opinion that there is sSoos i50, 900 now in town waiting dis poscl--$5000 was offered yesterday at 25 siscounts1d found no sale. The following is sbott the condition of the Bank. She has redeemed $500 ,0O0 in the las, l20 days ---she has about S620 900 outstanding cir euIatiou--sAe claims to have assets to the ssaount Of fourteen hundred and thirty-6ve thoussnd dollars. 1 think she win resume again in few weeks, when there will be another grahd rush at her. She will puff, blow and struggle. and in the struggle, she will relapse, and then good-by.
 would write you more about Memphis, but this will tire you out fear But look out for the other banks in this State. think that . rush is about to be made sn them, and go they must--They have tried to sus. tain the Farmers & Merchants, but had to stop, and the Farmers & Merchants have transferred many of their bills receivable 10 the other bsnks, who refuse to take Farmers G Merchauts' bills in payment of them d. though the notes were given for bills bor- rowed of said bnnk, and made payable at her counter ! win stop. Mark it--Ten- nessee moaev will soon be ona par with Mississippi banks.
 Wewese gFatiied to hear that Gov. DREw has ad- dressed an ofeisi letter 10 Gen. Scott rsmonstrang against the per6dious treatment and unjust deten. tica of Maj. BoaLswp, Capt. DAsLEy, and others of the Arksnsss regiment. as captive in Mexico. after an exchange fos them had been determined- Upon the part ss the friends and relatives and re- presenting the feeling of the community. Gov DHxw has made strong and spirited appeal to the com mandiag General for an immediate adjustment of this outrage or the adoption of such measures as will most speedily give them liberty. Various rumors hsxe reached us of their incarceration. liberation and assire ef tAe assassination oi part of them !; huf rre refv Dor, ns,fhsDS further than vxhat has