Evening star. [volume] (Washington, D.C.) 1854-1972, 1857-09-28
EVENING STAR.
WASHINGTON CITY:
MONDAY September %, 1851.
SPIRIT or THE MORNING PRESS.

The InfelIigencsr, discussing the suspension
of the banks in various quarters of the country
says with truth and justice, of the two Wash
ington city banks that suspended on Saturday
last
The panic on Saturday extended to this city.
and two OF our banking institutions-the Bank of
Washington and the Patriotic Bank-partially
suspended the redemption of their notes in specie
In these cases we are inclined to think the panic
was with the banks rather than with the public,
as we understand there was serious run upon
them when they stopped payment. The Bank
OF the Metropolis, on which a run immediately
commenced In consequence of the suspension OF
the other banks, met every demand promptly.
The holders, however, of the bills of the two
banks that have suspended NAV rest perfectly
tranquil, for the means of the two institutions are
doubtless ample TO meet all claims, and their
notes are all available, being a legal tender IN
payment for debts to these banks, and will in
that way be promptly absorbed and taken from
the hands of the present holders. The same may
be said of depsies; and tn .sefore II Will be folly
for any one TO sacrifice either notes or depostes.
" very short time Will no doubt restore tran
guilty and confidence, and people Will then won
der how or why such an alarm and panic could
have existed
The InteiiigsRcer also contains letter from
Gen. Scott in reply to tina. of Gen. Pillow, with
which the country is familiar, wherein Gen. s.
contents himself for the most part with quiet
denial Of the truth of General p. S statements
The only point essayed to be made by Gen. P.
which be argues is that declaring that he Gen
S. paid to Santa Anna SIC, 600 Of this he re-
marks Tin effect that the fact that Santa Anna
was then VIGOROUSLY worth s., COO, OC0, and had
as Dictator, the irresponsible control of all the
wealth In Mexico, renders it prepos.crous He
adds that he did pay to two or three un- named
(Mexiean) individuals $4,000 for secret infor-
nation necessary for the success Of his cam
paign: and presumes that the impression Of
Gen. Pillow that he had made such a payment
to Santa Anna grew out of that fact He also
defends Mr. Trist warmly from Gen. p. s ami
madversions
The Union, discussing the financial crisis,
says Of the business affairs of our own city:
g Looking at home we can see nothing in the
financial affairs of this city to warrant alarm or
distrust. Our citizens are not suffering from the
ereets OF over-trading or over-speculating; and
the cash means of our banks not loo ked up in
protested paper or the deprecated bends and
stocks OF ''fancy' railroads. At no period in the
history Of our city was the condition Of our mer-
chants, hotel Keepers, mechanics, traders, and
iedl-estate owners more prosperous and promis-
ing than il is at the present time Never before
Were clerks, JouTneymen, and laborers as liberal
~ and promptly paid as now; and We venture to
say that the baidnce-Sheets of our banks show a.
large net profits for the past year as for any pre
yious year of their existence. Compared with
Baltimore, Philadelphia. New York. Boston,
Cincinnati, or any other northern. eastern or
western city, the financial condition of Washing
ton should be a source of comyratuldtion instead
OF cause for alarm. But still, with all oar sub
stantial means at command, with general freedom
from debt and general well-paid employment
We are free TO confess that a money panic and
money crisis can be soon got I'D in the Federal
capital, If our citizens desire such an expensive
luxury Let each distrust the other-let the usual
money accommodations bs withheld-and let all
engage In the coniideHce-inparli ling business of
Withdrawing specie from the banks and the or
binary channels Of trade for i-hoarding'' purpo-
ses, and not many days or even hours will ella pse
before the business men of Washington are snf-
fering as their brethren OF New York and Phila-
delphid now suller.
Let the citizens of Washington have a true
realizing sense of their really prosperous condi-
non, ana The troubles which they invoke by their