New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-10-16
.Mem 0rleaus lailp Gresteat.
THE COMMERCIAL DEPARTMENT.
Ntu ORLEANS Nlontu Warktt.
caxscns 4, oy.1c1, No. % Camp y. !,

The Internal panic which started yesterday in midst
without any Just without reason without shadow Of
reached and attained its eliminating to-day
whaever be- have the sincere graf
cation announcing that the following Banks stood the
and promptly complied with every demand until the hour
Of closing say Citizens Bank, the Canal Bank the
,uana Louisiana State Bank the Southern Bank the
Bank Of James Robb. ,a.,5a-z ,ss
The NewOreans Savings institution dense
crowded early hour 1t met all obligations according
contract by IL O'Clock there not This
was cheering The Mechanics and Traders Bank opened and
went in regular business with the exception Of redeeng
It's circulation did the Union The Bank Of New Orleans
enoned the suit Of Of its Directors This singular
very singular and shows want Of and sagacy In ifs
We desire 10 hear OF such finances If
Banks Directors have no faith in its management then
surely It close. There has been entirely too much
this movement At quarter past o'clock yesterday
the closed It's doors short time afterwards
the of Of Its Directors note of five hun
dollars In the Of God is this the kind Of harmony
that ought prevail among twelve managers Of Bapkf What
10 public understand from It? Fortunately for the good
Of commercial community this spirit does not prevail among
the majority Of Bank Directors If it did might bid
alden to the prosperity Of our city.
that the Mechanics and Traders Bank and the
Union Bank will go usual with their business The Pres.
ident Of the Union Bank is absent IT, however, some few
creditors will push matters to extremes teopadizng the
interests Of the whole then them be the The
Banks in question will If allowed to proceed The cir
cuaion Of the two together does not reach 500 Co., and the
porte JeuiNes considered good.
suppose that the Of the past two days will
confidence in the future not warranted. We
consider the past the has realized
although expect tight market for Some
DAYS longer yet decided action of the New York Banks for
evil or good tended relieve the anxiety and
the eegaphic advces received to-day they to be
credited understand that has already
place New York. All the Banks that city have not
suspended We learn from Mobile that the Banks in that city
thought of suspending This we'll hut would
been highly gratifying have had it 10 state that all
our own Banks had manfuy stood up to the pressure.
There the Bank of Commerce. of which the
Jacob Barker is chief met the
arlesy, and paid with the pomptude the Bank Of
Louisiana There other important during
| the day.
OF there is much to be said of the market
aves the greatest Of which $50 Bank
Louisiana being sold to broker Canal street at $
So and IS note OF the Southern Bank Of Alabama being sold
for We aude these merely show what pauic will do
There nothing done in exchange The telegraph
Of sterling in New York this morning 05 but this is
reduced standard of currency value 1t will be time
before have similar quotation to note in this market
We confidently believe shall get work again il
three days unless moneyed institutions get into
among themselves which ferventy hope they viii
| avoid
The following is the memorial of the Banks city
| Philadelphia to the Legislature:
meeting of the Board of Presidents Of the Banks Of th
& n nsd he 80 y Of
directed be forwarded the Honorable the Senate
whsss The
the sudden and universal severity The cs xi
the payment Of specie for the notes and obligations
necessity and whereas the mercantile manufacturing
s and e all eonan ns
under existing circumstances it not the Of the bank
IN Of heir aboras under the
q s sG ane s5hs the c
earliest practical period and to do what they towards
nss nee Assist The portion h
objects carried unless the Legislative forfeiture
| nd tieg efpnn iy
hs sss;s
be within the of The banks the
foeres imposed by the act of 1880 and other acts be len
Resolved That in the the failure the banks ol
tain from the relief from the f0reuIes and
i've for them but that going Liquidation whic
Rsy he
Signed BY order Of the soard Of PssI&sHss Chairman
JG PRi,s sSiPts, Jet 5s, 5 sf ,ss
days reported that the banking house of
f. Culver, Louisville had suspended payment It appear
however before the Suspension the following guarantee
made for the benefit of depostors. -r....
THE guaranty which publish below confirms the emit
citizen, William Culver We have heard Of no spPEehen 1
time by friend of Mr. Culver makes ASSURANCE douby sure
We the undersigned, agree guaranty the depositors
William F. Culver in the payment in full Of their deman
We have entire Confidence in his ability
/ JAMES GUTHRIE, JAMES THOMPSON,
W. B. CALDWELL, LEVI TYLER,
| JOSEPH SWAGER, ISAAC CALDWELL,
W. H. STOKtS, F. S. j. RONALD.
view the excitement growing out of the bank
other parts of the State the of the bank of Mi
die Tennessee, capital - publish card pleding the
individual property for all its deposits and circulating note
They Samuel T. Motley c. W jackson and w. b. Can,
bell. Other citizens of the place out with the folow
pledge
The undersigned pledge their property for the redemption
all issued by The bank of Middle Tennessee and the
! JOHN MOTLEY, NJ B. KITTRELL, 1.
j. H. DRAKE, SAM. p. THOMPSON,
y B. u. MOTLEY, r. ANDERSON,
". +. MOTTLEY, ]. Y. BLYTHE
JOHN X. HOWARD, ]. N. ANDERSON.
+, Sc October ], 1851