The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-28
THE STATE 1INARCBG.
Om tho Philndainnfa fSmsu - "A "a 4

| THE STATE 1NARcSs.
| lvrom tho Phadalpoia ZINES, Se1. rs
In the midst or nnslc,aI dnlouiias wo stiu hsye
p4lmu IAc0 70 record b. the As Legislature VAS
or certain claas 81 cs oa csms sss oIm. bs,s Sesn
psrtecsed oy hs bolds and prepared legally for ssl-
nent they have .lso soen to ho 6aa board,
1 cy whom tn6y mus. oe approved
Ore Cay ls week the Cafsl Commissioners mot N dis
charge ho duty thus Imposed upon them ny Law Much
10 y surprise Of svery one, iucy ruaasny a1joar cd
without sny action, AMI started from Harrisburg 70 Phi.
| delphia, In company with the State Trc.su ar.
What tho Of this sudden adjournmen., tss1
they bed financial news which alarmed 10. m2 Had ~,
funds OF the aso which hoy had boss specuianx uuou
been susmped in soue of the unsscia sres which hsa
hem going cni Weo tho funds OF the State deeply
voyedthat would have embarrassed ua opsvatious
sese gentry TO have issued draf for tho Are h
vent ocnualy lawf Ase those ias,suuoas unable 70
refund st once and the honest creditors Of the Sac
nay nen Of ,hor Jus. claim WIN ,o,se sso nave waited
patiently for years have s 10 walt innser, because gea-
enen Who arc nruHsed ..s the aoaIciss OF the SAFE
| Thii 10 question that demands aud must have an
answer Ere long the CRY win FROM sl parts OF tho
hessuryi' Arc wo 70 have .noshor " sslin GiSsoa0
opersionS Let tho people look 20 sell We already
taxed hesviy enough without having pay future dsa
cs noies that may Irhe nom Encouragement. Look
| tot-
| THE Monty rAsrc-RuN UPON rus BANKS.
| lsron Tho PhiAdslpais ledger Sept 40
The ci was In fevsr OF excitement yesterday, owing
TO the fufpenson OF specie Ds BY tho srnk Of Penn
i
banks would likewise Az an early hour in the morn
Ing crowds gathered 10 the viny OF mSoy OF these insi
became apparent that there would bs upon them
The Announcement OF Suspension " specie pay
by the Bank Of Peunsylv ga ly nace, and the
policemen we're stationed nj The gset 10 tho
tane Of all who had not bvsness ~i!h the officers re
following. signed by ire ossh,er conspouousy dis
pa,ed at different poIn along he rsi surrounding tho
puildirg:-
Resolved, That this bank suspend specie payments until
further orr srs OF the Board.
soon aispsFsed, and there ale excitement here
during The rest Of the Gay In t,e OF the G.
rsrd sank however different GrouDs of psrsons dis
ousslng The sexcrg topic we're gathered tnere from
the tine OF The opening 70 the close Il OH Sllv
announced In the OF the mornpg thai ohsoks gould
rot be paid until afer oolock We thu sbey
not paid, though the 40 u ne
Of closing In the course Of the day ,hers
iess Of upon oil Il tho cty bAbEs though In many
instances was made " tho node Of ooe or moe ave
del or notes In the ming. snt N O'Clock, the
run urou the Farmer, and Menhanoa' ~ss very heavy
Ihsre ~as continual stream soisg into the oank, and In
the o.nkns room long line wN formed 10 the paying
teers desk, composed from nf,y 1, nvs per
sons. Befrs tao O'Clock the s,ntr abated and
| bu few rerpons we're In tho
| Al ire Phi adel ha and .he Western Bank almost Al
joining, ihero consder bio day
- also At tho Commercial and Bans OF Commeoe Is
understood bA al d these coined sheiP and paid
greater h:n upon sny op sas o.se, All a.v ss~ vss
line reaching from The paylng e'lsrs desk in.o he
street which, at two .'cock, was from oneeu %
twenty yards long Policemen wore stationed the
steps Of he bank 70 prevent persons from entering, ali
being compelled to take their places In Hnc While
were 81 the bank os lady with Q chook and
was sbou. push her way in when she wss orossed
back and pld that he must DO ~ tho others had dme
The considerable but hsavv II ths Nota
beTtias Manufactures aod Meoaanics', and Penn
rownship The aouthwUk and rrAnes mems had very
htJe moro than the ordinary demsnd for speoe rhe
panic and The upon sbc banks every where ,ho
subcc, Of ccnversatonn the stores, couBtug rooms,
workshops and market places In all tho Gro sds about
annes ieen who we're .he,e evidently for mo
purpose Of Obtaining specie for cir gle Aota two mo
rnroushoa. the d.y ne. Of me banks se 10 bed rep ito
refus Cd by shopkeepers and tho specie nsd
| In payment Of purchases mado
scEsKs IN PHIL ApELvHIA.
From tho Pnladephs Balletn, ssps. 70.
Tho excitement aoout the city monetary iusut'ous,
which commerced In good earnest Yesterday, and DO
this ming but ao terror, .s this morning oelonged
to different olass from that which prom nest oa
bali Of dollars out Of the vaults Of the dueren, nuions,
and the presidents or tho various bsoks met yesterday
snncon and de,ermned 70 redeem 'oer 'msi er notes
only, 70 day. This determination ssns ally Known
l1t night, and today wn announced In all the news
p.Pss p.
newspapers nrst learned or the egsry invdaa
OF This class who tad ave dollar bill stowef svaJ
pnd they rnshed down blight early 70 ,hs nexnsor.
hood In which The backs arc located
THE scEse ABOUT rHs hAsK Dooss
long before basnes hours of parsons gathered
upon Tho steps OF the principal baoks and saoSd a
ssairs, the eoors though they go impressa -a the
meet their demands and unless tnoy qoi,k sepg
nsde some fortunate Individual would obtain he ooveed
gold.
Most u hcse eager i5dividuas either rish
mans and tee latter, Particularly, appeared Hr'aei At
noms,ou, 9omsn sso ser, sp & y tss ssse
wh'h were flying about thick and rAs 10 several
the doors OF tho banks opened before hek usual
ume and females and narm persons In ycd Inside
by the ,licers Of ,he inaut i,ions
when ten O'Clock arrived and mo doors opened 70
Tho public, tho toeno was amusing tho eoplo desorbsd
rushed up pe nell The paying tesrs o., and
psts'iy awaited their urns A tho <res, msj,y or the
banks redeemed their smaller bills these fxhtnod cote
holders relieved Of pa9er Aad 'ears
and they went 10 their way rejoicing All this vas 40
compshed without much oost or very rew Of insae early
birds had more than slnflo hye dollar bin b. oros and
avery litle spco went Sreai way IN saufyiDs tnelr
claims.
All the banks declined 70 day dcpostors' ohscts,
bot they all marked them good" ard the ohecss
then used In psv men or bills and taken In deposit tho
o,aer banks. The Mechanics, B.uk pad all ts notes Ia
srecie and there us ush The teer's desk
Al the door o. this lDstiirion the following noioo
posieds-
PHuApnPWA, sept 26.h, 1851
ffh bark win pay 81 10 cuops,on
Dcpostors sbeoks viii bS psd, but sll BE- marked
"sood snd rhocss so marked ~ other bank, -i Dc
The Bank Of North America sae rrsdesmen's and mo
Southwark Bar sso paid oil ,ht b noies large or small
The Fsrmers' and hechanics' Sank paid ali IL naec
within the deno ominsnon Of SO
The following bsrksretsomed their ave dollar bills with
specie but ,hey declined % change lager notes ou-
Northern Liberties Pbadelphls sind and Ksasios,on-
You aavs M
some Of tho note holders who bsf prfvase'y ssurcd
their friends OF their conviction thai thcy vcrs ruined,
were taken absek rcschns he coonevs Of The bank,
t being pleasantly Mixed BY The bler "how hey would
have fp fhpe who wanted gold fot n, while osbers
Who expressed charge received small silver,
much to their qualification MS polite and a,pmno-
dating pu. the poorer class Of nose holders In an
inmenfay good humor
rrp urrpxur nforr trvwp
me eourse pur'ued oy me msJorty o. mo banks nsd
the effect Of aay ing tho excsment among he eIcita 10
people Who were clsmorous early In he day. During
the crowds Of ders stood n ring the ouds OF
the banks, ~ t0 they would gaze ., an empsy buiidug
where some exciting event bad ocooved sroug police
force duty during the day " prevent Mo srees
bepg blocked up by the crowds Of loiicrcrs.
LIVE frnl
Fairly In the day there line OF say afteen ven
" PERSONS the soutb wArk BAat Two policemen
stationed at tho door arduousy labosine 70 Keep sho
"queuev right One q tbe "Nars,' however, orsaied
trouble than every body elss By sezpg sch person