Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1857-10-03
Saspensien Of the Daltim ere, PittsburS and
Readinz Banks-The Eject in New York.


BALTIMORE, Sept. 26.-Thers is little or no
excitement here in relation to our Banks. A
large number of brokeS from the North
arrived here this morning The Banks CON-
menced redeening their notes and paying
checks Of depositors, but subsequently, meet
ing Of the Directors was held and n general
suspension agreed upon. with the exception
Of accommodating their customers with a few
dollars IN change. There is no run on the
Savings Banks. We have but three. There
is total suspension Of business on Change
to-day. The merchants seem to be gratihed
with the suspension. Money on the street,
which yesterday commanded 24 per cent. has
fallen to-day to per cent. The Baltimore
and Ohio Railroad Stock has advanced IS
per share.
BALTIMORE, Sept. 26. 8 Z. M.-Ths Far
mers' and Mechanics Bank is cashing' all its
Cotes, and paying its checks in notes Of other
city banks. All the other banks have fully
suspended, but are still furnishing their Gus
toners with change. The excitement is sub
siding and the money market is easier. Much
surprise is expressed here that the banks Of
New York city have not suspended. Tbs
issue OF "Shinplasters" is talked Of
THE NEW YORK BANKS.
New Y ork, Sept 26.-There is no truth
in tho reports that the New York city Banks
are about to suspend specie payments. There
are at pre- sent no signs VI the adoption Of
such measure.
IMPORTANT CIRCULAR PROM THE Nrw YoRK
BANKS.
NEw YoRK, Sept. 26, 2P. M.-Ths fol-
lowing circular from the banks has been is
sued:
in consequence Of the suspension Of spe-
Gle payments by the Phlatelphiu Banks,
notice is hereby given that all collections for
account Of dealers, at this bank, maturing out
Of the city Of New York, will, at the option
of the dealer, Immediately expressed. be-
either recalled, or, il paid, be subject to drafts
Of this bank payable in FUND current ut the
point Of said payment"
NEw YoRK, Sept. 26, 5 o'clock =. M
Our banks remained strong p the close Of
business hours, and there are no signs Of the
suspension. Money in tho street is eagerly
sought for, and demands higher rates Of in
terest. Philadelphia funds, and all moneys
on banks which have suspended specie pay
ments, are at ten per cent. discount, where
sales are forced. These rates will fall as
things become settled.
Notes of the New Jersey bapks are recei.
we'd by the Metropolitan and American Ex-
change Banks, with some caution where the
relations Of the banks are known to be mainly
with Pennsylvania instead Of New York.
BOSTON AND OTHER NEW ENGLAND BANKS.
BosroS, Sept. 26.-State street was much
excited during the day, by advices from Phil.
adel lphia; but the banks have made large
additions to their specie within the last few
days, and remain firm. There are no signs
of suspension. 1t is confidently believed that
all the New England banks are able to stand
the pressure.
The net gain Of coin in the banks for the
week past is nearly 100000. The banks
are stronger than they were two weeks ago,
and it is believed that they are in healthy
condition. There has been no panic.
Tue WASHINGTON BANKS.
WASHINGTON, September 26.-The Banks of
the Metropolis have resolved to continue
specie payments in full, feeling themselves
secure against oil demands. The Bank CT
Washington has partially suspended, but this
is only temporary. They pay specie on their
IS notes and small checks. The Directors
Of the Metropolis and Patriotic Banks are
now in conference. 1t is not yet known what
action will be taken. The Patriotic Bank ia
redeeming its SIS notes aud small checks
There is an unusual crowd in attendance at
all the Banks.
wAsuIsoroS, Sept. 26-Evsning
Bank Of the Metropolis closed firm, having
redeemed its notes and paid depositors
throughout the day. The community are
generally satisfied with the eoups Of the 9th
ers. All are confident Of their stability and