Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1854-11-16

@We are happy to state that on
citizens have entire confidence In th'
Clinton Bank. There is no run upor
it. The fact that the bills of the Gin
ton were thrown out, on Tuesday, II
. Cincinnati, Cleveland. &c., created some
apprehension of run from abroad, buI
up to this time nothing of the kind has
occurred. The high character of the
: men who are connected with il is q
guaranty, better than anything else,
, that it is ali safe.
The same paper of the 10th, contains
the following items:
| CrrY BANK CLosxp.-Tbe City Bank
did not open its dssrs this morning. A
little before ten O'Clock the following
placard was put upon the door:
"Owing to the unprecedented none
tsry excitement that now prevails and
the severe stringency of the money
market, which has produced such dis
astrious results elsewhere, it is nv pain
full duty to announce that this Bank has
been compelled to suspend payment of
its deposits.
Its assets have been put into the
hands of r W. Mccoy, VIM. 8. Sulli-
want, and D. W. Deshler as trustees,
to adjust and settle its affairs. The in
terest of the creditors will be duly pro-
tected. The indulgence of the deposi-
tors and others is solicited in this dis.
tressing event. The circulating notes
of this Bank are secured, as is well
known, by Ohio State Stocks, deposited
with the Treasurer of State, and am
assured by the officers of State, will be
received in the payment of taxes.
THOS. NOODLE.
2o'CLocK P. M.-The city is perfect
ly quiet. A few anxious faces linger
about the City Bank, but general feel
ing prevails all will be done that can be |
to relieve the necessities of those who
will feel it the most.
NThere is no run upon either of
the City Banks. The good old Frank
lin and the Exchange are as quiet as a
summer morning, and the old ladies
salt down the bills in their stockings
with the entire assurance there is no.
such word as fail with either. ]
The Clinton has had no run of any
The impression is gener-
al it is amply able to meet every dol
lar.
~The Circleville Herald says the /
bills of the Bank of Circleville are readi-
ly received by the business men of that
city at par. Those who know its af-
fairs are confident of its ability to re-
deem all its circulation at an early day.
II advises holders 10 submit to no shaves
upon them.
p. S. Since writing the above we have {
received intelligence that Circleville t
money il not SO current or worth so t
much ss was supposed. When we
now more we will say more about it.
We clip the following items from the
anne paper of the 18th inst: III
~In the multiplicity of dispatches
nd rumors that reached here from Gin s
innah on Wednesday, was one that the s
'anking House of Hatch & Langdon n
lad closed its doors. We are happy to S
ay this was not the case. A heavy
un was made upon them, but they
TODD the test, and came off safe and n
ound.
John S. Dye, the notorious counter
cit Detector man, closed his shaving
hop on Wednesday morning, and it is
tated in the Cincinnati papers that the a
Unstable has levied upon the small
raps, DC, in his Banking Office. -
ohm is. no doubt, great rogue. 7
The Banking Houses of Ellis d Stur- :
res; Smead & Co., &C., have issued I
to the public assuring Q
he people that their assets are ample,
md that few days will be sufficient to
educe them to money, when every dol t
ar of their Indebtedness will be dis b
.harged. For the sake of deposi;ors, Y
Ec., we hope this may prove true
Wednesday was a memorable day in :,
he history of Cincinnati Banking, and d
Fill long be remembered. We hope p
be worst is over, but we fear the end d
) not yet.
FIEAEcIAL.-The Banking House of
dcMicken d Co. failed at Cincinnati,
There was no run on other P
ouses. Depositors are now taking b
heir surplus mainly to the Trust Co. S
sank, and there was crowd there yes- a,
erday fo- that purpose.
Gold was selling in Cincinnati at FIVE P
'er cent premium. Il
The Canal Bank of Cleveland made b
n assignment of its assets to W. ].
iordon and ]. L. Hewett, who it is
aid is paying out specie for its bills Il
he other Cleveland Banks take them d
S usual. on deposit. I;
Yesterday was also a blue day in n
buffalo. The Exchange Bank of Rob't a
,odd had stopped payment. Some of !
he large houses on Dock street it is -
aid, must go by the board. D
Mr.. Ellis, of the house of Ellis & IN
turgess. is slowly recovering.
INDIANA BAsKs.-The Cincinnati m
Iazette of Saturday morning last, says: Pl