The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-10-05

FINANCIAL MATTERS.
The money crisis existing, gives interest to eve
~ thing affecting financial matters, and we make
up from our exchanges the most reliable informa'
ton on the subject.


~ thing affecting financial matters, and we make
up from our exchanges the most reliable informa
ton on the subject
AFFAIRS IN VIRGINIA.
The suspensions in Virginia seem TO oe a''''',
entirely against the brokers, az all the s"Spe"u'
banks are paying out specie IN the nsaai q"""s'
10 their customers but will not allow a run my
are also discounting quite as freely rs ever i"'
: fredericksburg Recorder says;
Within the last week the Farmers "na a''n ,aia
| Ranks ~ thi. place mot suSnendeu' nave hiaue
| ,hc;r ouart.rlv statements to the Executive. ne
| snsah knowingly, when we say, that they VIII DC
| ,'i~ n a power and ability in these INSTITUTIONS,
vhirh ,hcy have never before enjoyed Since the
| ,rssent manic commenced the deposits In these
| Eort. h, Y. increased considerably, showing how
frm - lance is in their integrity and solvency
Tho Bank Of the Valley at Charlestown 'deter-
termineh t. close upon the Brokers should they
preseu; themselves at the counter" Yet on the
same day this Bank offered a large deposition his
whole deposit in specie. but having full confidence
| he left without drawing dollar
With regard to the Bank of Commerce the Fred
| ericksburg Herald says:
Thus far the Bank of Commerce has supplied
change TO the public in redeeminR notes of the de-
| nomtuati,n IF 81. A to general RESUMPTION OF
course that i in the future. No man can tel with
any arprOach ~ certainty. II - idle to speculate
| anon the MONT The ultimate liquidation OF All its
| -nr,mi~r. 10 pay we regard AS certain OF mihi-
nnnt AZ almost any matter in the future. The only
frouhIr j. with those who cannot afford to walt
and with such the shoe plnchrs desperately.
The following hanks are publisheda a. completing
che list of those suspended in Virginia
Christianhurg Bank Of Valley Leesburg. Bank
# th. Valley Moorield Bank nf Valley farkers-
burg North Western Bank Of Virginia Point Plea
SAINT Merchant aud Mechanics; Eoinney, Bank oil
Valley; Nellshurg, North Western BANK
The notes Of Virginia Banks in Washington, are
4 < ,Clf %
price.
| The Charlottesville Advocate speaking OF the
Monticello Bank suspension, says:
| A gentleman of this county. ~ho is large de
positor. called at the Bank on Monday ana was OF
fered the amount of his deposit in specie hut nav
| ing full confidence in the soundness OF the BANK
| but left without drawing dollar specie; we oh,
derstand will he given in such sums as VIII AFFORD
| cbanpa for business purposes. No apprehension
il felt as 10 the perfect ability Of the Bank to meet
| all demands at proper period. Ihelr course Is
generally sanctioned under existing circumstan-
ces.
The Stanton yindicator repudates the idea of
insolvency attaching to the suspended banks at
that place. and says:
| AT the Valley and Central. we understand, every
| thing except brokers' move on in the accustomed
| way-people get change when they ask for it, all
| the snecie isy ever get. and get as much accom-
mediation in the way of discounts as they have had
| for some time. The customers OF the Banks are
| allowed to renew their paper-they continue to
| make their deposits usual-their checks are
promptly honored in currency as they have always
| becn-and Messrs. Taylor and Tams are, if posi-
BILE. even more conciliatory and Obliging than
No habitue of the Banks could tell the difference
between our Banks paying specie and in state of
suspension, but for the absence of men with "red
| carpet bags
| The Bank of Kanawha has, up to this date, re-
deemed more than one half Of its circulation, and
continues redeeming its paper, at its counter. as
fast presented by holders. Its assets said to
be amply sufficient to meet all its liabilities.
The Bank at Charleston, Va, is refusing the notes
| of all the independent Banks in the State.
| NORTH CAROLINA
| The Raleigh IN. c. Standard of Saturday, says
Mr. Mordecai, the President Of the State Bank.
left this place Wednesday evening last for Rich
| nsond, Va. where he expected to be joined by DIR
| Wright. President of the Bank of Cape Fear. for
| the purpose of comforting with the heads of the
| Richmond banks on the present condition of mon
etary affairs. The latest intelligence is that the
| Richmond and Petersburg banks are standing firm
and the probability is they will not suspend. Our
| banks will no doubt be governed to large extent
by the course adopted by the Virginia banks.
THE SUSPENSIONS IN MASSACHUSETTS
| The New York Journal of Commerce, in an
| nouncing the suspensions at the East of several
large WOODEN mills mostly at Lowell and Lawrence
including the Bay State Mills, Middlesex. New Eng
land Worsted Company, Pemberton, &C., all o.
them represented in Boston and New York by
Messrs Lawrence, Stone Co., whose suspension
| is also involved says:
This house is not to be confounded with Messrs
A. A. Lawrence, who have stood at the head o.
Boston merchants for many years but the partners
are gentlemen Of great worth and responsibility
| including Samuel Lawrence and MIR Slade, of Bos
ton and W. w. Stone and HenryT. Jenkins, of thi,
city. MIR. Lawrence has been in Europe, and is ex
| pected home in the Arabia Mr.. Stone is the part
ner best known in this city, where his active Chris
| rio haD SIT apT
varied Information and excellent business tact have
given him very high reputation. But few
| DAYS ago he held in his hands handsome fortune
the result of many years of industry. and we sin
cerely trust that the load under which the house
has fallen will not greatly impair it.
NEW ORLEANS BANKS.
The State laws require the New Orleans Banks
| to keep an amount of specie on hand equal TO one
third # their liabilities The penalty for falling
below this is 800 each director, for every day
that the tank is ''Out of line"-a pretty effectua
! bar to expals sion.
Il BANK FAILURES IN NEBRASKA
A dispatch from Omaha, Nebraska, dated Sept
2st. says:
The Exchange Bank of this city failed to-day
also the Fountaille Bank, at Belle River. They are
said to be bad failures.
ILLINOIS.
The Galena Gazette learns that arrangements
are about being male by which the Rock kiveT
Bank Of that city will Resume its business imme
diately.
Tho telegraph has announced the suspension (for
a few days only, il il said of the banhng-house ot
swift Bros. aud johnson & Co. Chicago. which We
think. however. will Toe Tor very lengthy period
| smith were one of the iaTgt houses in Chi
cago AMI were. no doubt. very much extended.
and If they ever Resume, or pay tn If debts dol
lar for dollar, they Will disappoint us and many
others.
NEW JERSEY.
The Jersey City Sentinel says
There is nota single New Jersey Bank at pres
ent in state Of suspension. The state Bank at
New Brunswick and the Bergen County Bank the
only two which suspended, resumed almost imms-
iiately, and none others are now likely to go
dawn