New-York daily tribune., 1857-09-26
The Hartford Times fays:

The Hartford Times fays:
"The Bank Of County having closed its doors
on account of holding long paper than any other
hank in the city, the other banks relieved from the
burdep of helping it along. Careful investigation has
been made into the condition of every other bank in
the city, and il is known that every one of them is
sourd They have reduced their circulation the past
three weeks more than million of dollars, and they
are in condition which forDlds TIE idea Oh suspen-
sion."
The money market and financial disasters of the
citizens are given in the annexed extracts from the
exchanges:
From The Phaad,lph:a Ledger, 9th.
There has been more quiet in the Money market for
the past two or three days-not the result, however
of any abatement OF the street rates of paper or Of the
demand for capital on mercantile bills. Ihe quiet
alluded to is the result OF an entire wipng out OF
credit There is scarcely such thing left in the mar
ket Nothing but money or its equivalent VIII now
command consideration. The consequence is, exer-
tion il Seipg paralyzed, and there may be danger of
failures from want of It. When the strongest houses
find themselves embarrassed, and many who have
maintained high character are obliged to suspend,
there is danger that some yield to the prevailing epi.
denic who might have stood by making greater ef-
forts. Nothing but the steIest necessity can justify
a suspe when there sufficient assets to meet
eyery liability. Every man should look his position
fully in the face. If he is insolvent, if his liabilities
are greater than equal to his assets, and his afalrs
ale growing worse, he should stop at once and make
an equal division Of his property. But if ne is SOL
vent d. DalhlCe Is largely on inc Iious slue oAu
the alternative Of suspension is longer question OF
final payment, but OF great present pecunisry sscr-
fee be should 20 at any cost short OF rsking his
meals 10 pay in full. Of large property has no
right TO shut down upon his creditors because he
rot pay without making heavy sacrifices.
From The Philadelphia Bulletin 1 the 2jiL
The Bank Of Pennsylvania this morning determined
TO suspend specie payments, and the announcement
caused COZ siderable cOmmotion in the streets.
was commenced on several Of the other banks, but
they met the demand promptly, and paid out the
specie as fast "a possible.
The Official notice OF the suspension Of the Bank Of
Pennsyv snia is as follows.
BANK OF PEySsYLv,yIA
PHILADELPHIA, sept. - 1851
This Bank having been compelled 10 temporarily suspend
irr claims the Bank whether Of circulation deposit
Otherwise, that Loss cAN POSSIBLY OCCUR
By order and behalf Of the Board 0f Directors-
,THOS ALLIBoNE, President.
The suspension Of the nrsylvsna Bank, the rua
upon the other banking institutions, and the general
distrust which exists, has completely unsettled the
Stock market and prices Of all descriptions are lover
and unsettled. The feeling throughout was most
gloomy. and at the close there were fixed quota
tons In Exchange there is nJthng doing and trade
In ell departments is temporarily suspended.
In another column The Bulletin give. picture of
the rIn on the Banks, from which we extract:
The rumors which have been in circulation for
few days concerning Of our city Banks have had
the eject of creating such feeling of uneasness that
a " run" was commenced this morning most OF the
instIfuilous Note holders desirOus Of obtaining
specie for their psper and of the depostors be-
came scared and Withdrew their deposits. AT seVer2
Of the Bsrks, including the Bank Of Pennsylvania,
crowds commenced gefbering as soon as the doors
opened and the Telers bad their hands ful' ex
changing gold and silver for paper. Tne BanI' re.
deemed their notes as fast they were on9Ied od'
t1yCIgs Cj eyjogs lockers On ocerp!sC Tie iSeWsiSs