The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-10-08

RICHMOND, Va, Sept. ?9.--.Virgmia
Ranks--rhe banks ARE paying specie and |,
generally believed that they are deter.
mined TO make good their bills. Both the
Stanton Banks. the Central. aud Bank Of the
Valley have suspended,
NAsuvn.LK. Tenn, Sept. 2s.--The Bank
OF Nashville suspended this morning.
! A MEETING Of the merchants rccon,mend
the Union Planters and State BANKS TO
suspend, but they refused Several free
Banks are thrown out to-day.
| Confidence Is telt tina, the bank Of Nash.
vile will pay, and have II large surplus.
Mcssrs Jewett n Co.. publishers Of this
city, have suspended. Their liabilities arr
100000
WASHINGTON. Sept. 2s.--A notice posted
On the Bank of the Metropolis, says the
panic created by the suspension Of other
banks caused much larger demand for
specie than was anticipated that institution
is under the painful necessity OF suspcnding
specie payments for tho present. The tIus-
tees remark that they will make every excr.
ton 10 resume The hank paid out $685. 900
on Saturday.
The Bank Of Washington, and Patriotic
bank, which paid only small sums on Sat,
ur'lay. have now altogether suspended The
Savings Banks pay either in city banks or
Virginia money. and demand the six DAYS
notice from dcposi,oS, Virginia money is
at discount Of per cent, aud the tendency
downward
business is nearly paral.xsl. and uncur.
rnt money unsuitable.
Tho Western Bank. Of I0ckport, New
York, has suspended, The Cou,tss saws
~ le .s,4sIi sss,, s-s-sse.--shv ias~~ns1Ses1S
Of parties for whom this i,,stituton has been
dscoun,ing 10 pay their liabilities e they
maturI We ARE satisfied from what in
formation We possess that assets OF the
bank are more than sufficient Ia meet all it,
liabilities, and we have every reason to be-
licve that the bank will resume business 10
the l'nnk Department. ut Albany. this bank
had in pledge sJl ,aij IN bonds and mort
cages $40, 800 IN New York State G's, and
~ 900 in New York State 5's--to,al $50.
05j against u registered circulation Of
25i $50
The newspapers o! the various localities
Throughout the country furnish interesting
items concerning the monetary crisis. The
money editor Of the Jop,nd ~ Commerce
has the following notice ii Bank opera
tion IN Philadelphia, prior TO tn actual
suspension IN that city
There IL much written and uttered ahou,
the libcralty Of thu banks. bu, those who
complain most would be- perhaps, equally
loud IN 'hoir condemnation " any trouble
should come through q want Of prudence
on the part OF these institutions We
doubt II any 81 our city banks have been
IA Close IA some OF their sister institutions
IN Philadelphia II IL reported tina, one
bank there became 40 eostivc that II Gus.
toner, little irriiaicd AT the pi nyuuc
policy drew note for five dollars AT thirty
day, covered II down the back with first
class endorsements from HIS fellow sufferers.
PINNED II Ia IL ten dollar BILL OF the same
bank, AZ collateral, and then offered il for dis
count, This WA wha, Jolcliah Tompkins
would call "hintin around.
II having been stated that the Chicago.
IT Paul and Fond du Lac Railroad Com
pauy failed ior ~ 100000 on Wednesday,
aud made Nh assignment To Moses Taylor n
60, Measfs Taylor x Co. have published
u card denying TINT they hold any such rcIa.
ion Ia the fuuil