Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1857-10-24
The Money Crisis in Charleston.

The Money Crisis in Charleston.
Yesterday was time of mingled gloom
and excitement i'll the money circles of
Charleston. The run on the Bank of the
State, on Saturday, which caused its sus-
pension, was only the foreshadowing of the
approaching pressure. On Sunday it had
time to gather. Some that had money in
the banks, and some that had little or none
anywhere, became terribly frightened, and
were by no means silent on the subject of
their fears. Ofcoursc the panic spread at
once. One or two of the banks that were
spoken of as weak, Immediately began yes
terday morning to prepare for q run upon
them. They demanded coin of the other
banks for their balances or consderolAc
part thereof Under this demand togcth-
or with the uumistakcablc indications of am
out door run upon them, the Bank of South
Carolina and the Railroad Bank were COM
PEELED to suspend at an early hour in the
day. This, of course, did not tend to les
sen the cxcit, Icnt; ON the contrary it be-
came general, rs to all the Banks Large
and small dcrostors and bill-holdcrs, were
eager to have the coin, instead In this,
the banks which still stood, were quite in
mand was promptly met as soon as prcsen-
ted, and not only did this spirit of accom-
mediation continue during the ordinary bus
| mess hours but as the usual hours for closing
approached, conspicuous bulletins were post
cd before each bank, announcing that they
would keep open to meet any demand upon
them, until five clock in the afternoon, and
in the case of the Peoples Bank, until half
past FIVE Under this arrangement, the
run confined pretty freely until about
three o'clock, when it almost entirely ceas-
ed Before four o'clock everything was
quiet, and the officers of the various banks
remained at their counters or about the
doors, having nothing to do, but to wait for
a chance customer Finally the day and
the run closed quietly, all the banks having
stood firmly, except the two which sus-
pended early in the day. Upon the whole
the ccxcitcment and the run were much
greater in appearance than in substance
The amount of specie drawn from all the
banks did not probably reach 100000,
and part of that was drawn by the banks
from each other, so that it yet remains to
meet further demands, if any arc made.
1t is not for us to speculate as 10 how
long any of the banks can stand, if all the
dcpositors and bill holders resolve to make
them suspend, nor would it be proper for
us to indicate this or that Bank as able and
resolved to meet all demands that can be
presented, Thus far, all of them that still
stand, seem confident of their ability and
determination to do So
How long the pressure and panic shall
last, no one eau tell If there were any
good cause for them, or if the cause were
known, five had no crop and no capital
whcrewith tc pay our debts-ifthc country
were bankrupt row and depended on some
| thing i'll the future to restore her solvency,
then we might form some definite opinion
as to what that future would be. But as
we never expect to see the time when we
shall be more solvent than we are now, it
is impossible to tell when the pressure and
panic shall cease. -.StanddrR
|
THE QUEENS OF FRANCE The Dublin
University Magazine, commenting upon
the lives of the royal and Imperial wives
of France, states that there arc but thirteen
out of seventy-seven on whose memory
there is no dark stain of sorrow or of sin,
An exchange, in Summing mp the statement
says:
OF the others, eleven were divorced
two died by the cxccutioncr; nine died
very young seven were soon widowed ;
three We're cruelty traduccd; three were
exilesj thirteen we're bad in different de-
| grcos Of evil; tho prisoners and the heart
heart broken made up the remainder
Twenty who were buried at St Dems since
the time of Gharlcmagnc, wero denied the
rest of the grave; their remains were drag
ged from the tomb, exposed to the insults
Of the revolutionary populace, and then
| flung into a trench and covered with quick
| lime.
! The Lows or GoLp.--Tbis master pms
sion was terrible illustrated in The late Cen
i trail America disaster. One Of the suryiv.
ors says, "seyeral poor fellows went to the
bottom with rolls of stolen gold around
theirwaisisp Ia anolhey place llerenmrks:
/ III believe---I SORROW to say it--that Me-
and some Of bis friends went below to play
and that they went into The prcsence o.
their Maker with cards in their hands"
CofQlimot.