The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1857-09-30
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The following account of the occurrences
that led to the suspension of specie payments
by The BANKS, is iron the Philadelphia Bull
letin:
"a run commenced or Friday morning
upon most OF the instI .utions. Note aoGers
were DESTROYS OF obtaining specie sior their
payer and some OF the uepy>itvTs became
scared and Withdrew their u ,,o>iJs. AT scv-
efai e the hanks. inelnuug the Bans FL
Pennsyl, ania. crowds comm cnced gathering
H. Soon as the doors were opened, ana the
tellers mad 'hcIr hands 1uiI exchanging gOiu
and silver for paper. The brnsS redeemed
sheis notes Is soon Us thsy were olIered. but
crowds OF curl9us lool;ers-0n throngcd the
side walks and Earnestly disclosed iiIc rx'--.--
ordinary pOsltIdh of -e-ii-'-
The Bank of Pennsylvania opened in the
morning. but the doors were SOON closed
again. This course attracted great crowd
of persons. and the street Vas tEronged du
ring the morning. The ou-side gates we've
closed. except to persons who haa business
az the institution. Ia short time notice
was posted on the outside door g AT tho bank
had suspended specie payment, till Farther
orders ironi the board
During the day, a. though half the male
population of the town were in the vicinity
OF the banks the streets werc tliTcnged. aid
crowd moving in the g-ngways. Among
those who were busy discussing money mat
tiers, were numerous individuals whose lOck
ets were probably innocent OF q red" but
who nevertheless. canvasSed the ability of
the banks to meet their demands wish as
much earnestness a. though they had thou
sIn.ls at stake aud their iavorite Institution
was on The eve of an explosion.
In passing along Chestnut and Third streets,
4
might be heard. on the subject of the run"
some persons viewing the matter IN the bull
and Others in the bear light. Friends, as
they meet, exclaim, ''We.l. has your hank
broke r. or, = Have y0a suspended yet ~ in
tones indicative of amusement at the idea.
Some times fierce argument would spring
up as to the cause of the run" One excited
| speaker would denounce the uptown ban::s.
y third accused the Democracy 81 being the
cause OF the trouble, by not giving Us pro-
tective tariff.
| Here the American. Republican OF Demo-
cratic proclivities of the interloD utors would
| show themselves. and fence argument
would entue in half minnie.
The crowd generally were very good tenn
| pered and the majority were disposed 10 con-
slider the affair us sort OF serious joke
Some of those who had joined in the rush for
| specie, came out OF the doors Juggling their
SINNERS" but seemingly at loss what to do
with their cumbrous piles" At several of
the banks there were many who repaired TO
the receiving teller's desk with new deposits
and we have 10 doubt that some of the spe-
Gle drawn on the spur of the moment found
its way back again through the hands of the
receiving tellers.
Tho excitement which was nucleus sed at
the banks was brilliantly radiated along the
streets. and like the fre works described by
some author, ended in shining knobs not on
| ly in stores but in bar-rooms and lager-beer
| saloons.
Tie specimens Of chirography in the way
OF signatures To checks were in some instan-
ces 80 hurried by the ludcrous fright OF the
drawers n, hardly to be recognizable.