The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-02
The VIRGINIA STATE EIrNna.


Enquire contains the following provisions relative 10 the
banks, called, which the state deposits made
III either OF said banks shall any time refuse
deem is bills notes gold CON- no further
deposits Of public money shall be made therein, but such
DEPOSITS shall be made IN the other two them,
tcy or either continue To redeem their bills notes
specie and neither continue the shall
at any time have good cause to believe that injury Will
he sustained by the State from having its money de
posted Ia the ssd bank any Of them, he shall make
written communication 70 the Governor the SUBJECT
and thereafter shall keepthe public money such specie
paying bank or such other place the Governor nay
| direct until further provision be made 10y law"
The ErdRin says that the Governor has directed the
funds 10 be LOGGED, received, especial deposit
lie banks Of Richmond, with this exception that
eposied with either bank payable by itscf or any t
T. branches go in general deposit and will be pay.
able BY that bank N specie.
The Bank Of virginia, at Fredericksburg. aud the
Farmers Bsk Of virginia AZ frcdercksburg, continue
pay, and entertain no thought Of suspension.
NORTH c.pof4S, Boxns
Information has been trlegraphed IN New York, ny the
State Treasurer OF North Carolina says the Petersburg
tei9noer tina, the State bonds falling the LIT II
January next will lie paid demand, IN Raleigh, IN the
.-',.', : .ur sad Inc torrtI thlnks oondholders
will not be apt 70 avan lSene " ~, w ,s' w NC
reason that present from to 10 per cent to
tonycrt North Carolina funds into New YORK specie funds
and this " loss which few ecndhoders will submit,
especially when these coupons are made payable ~ New
YORK according to the tenor of the securaies
In answer the above the Raleigh REGISTER tays-The
language Of the above paragraph Is calculated 70 eve use
DAYS since gave notice Of his willingness 10 anticipate the
payments due the ls N January by making payments
I
no sort IL 10 alter the obligation Of making nay
pent. in York hut the Treasurer left II optional with
the sopahoders Y oe Vao N ,s S , I i fe
the Sew York banks have suspended specie payment,
there will not be such per centase now IN thai city
against North Carolina circulation.
THE NEW ORLEANS MONEY MARKEr.
Iron the New Orleans Delta, Oct -.
TIE change to-day ia commercial and financial circles
though not attended wth anything 81 real important
nature nevertheless gave indications of az Increase n
confidence which has been 40 terribly abused darns The
he weekly statement n the banks a. made b. The Board
Cs Currency this morning, shows very great improve
last week. IN fact considering Whist We have
undergone n real subject Il congratulaon that cur
banks present favorable exhibit particularly the
Bank Of LOUISIANA and tie Canal Hans agans, which the
shafts 81 malice, envy aud DISAPPOINTMENT have been
| pointed The so,hero Hank aso presents formidable
array al the stad The Bank ~ New Orleans ~ line,
/ ana the Ctzens' 20 coming On famou.ly
he s,aiemen, exhibits the following variations for the
4 week
decrease " deposits ...+...........s..... III fSi
An Increase Ia exchange o. $50 is4
a decrease la ioans ~. So ~
decrease II d. taEt balances .............. 1Gaas
An Ia sFeCe ~ ACKNOWLEDGEMENTS. 2V4bg9
| Exchange n",cd to-day though at iow agures The
State Bank drawing sight New York At per cent
Discount and The Canal hank I'VE days sight at i per
cent Discount sterling sold nj % p5 Street sight
| en View yotk A. per cent discount
| There were very few calls for specie on the banks.
The Rank ~ James Rohh par uary not called on for
any more than usual y prepared to meet all IL circu
| an that il required now Is tina; people win leave a
talking aud ~ work Everything viii come out straight
ID + 10 use a. think the banks going 10 Euspenilnd
ia, dss may a. well bc shadoned u once TIE UnIoo
HauE line and the Mechanics and Traders also they
| VII both be running next week. Work work MGR
| tlAEts-all y gisht
| oFfvIoS or An OLD FISANC1ER.
! Tfgofn tie New Orleans Delta, Oct. .
Attorney Genera, Noise may promise The banks an easy
time tAvy volunteer to play second fiddle " the
New York tanks and suspend, be secs nj 70 do
cneu Tho state senate may back the idea, and Gov.
| Wrklnp nay endorse il. but nevertheless We can sec
no temporary advantage 10 be gained by voluntary sur
render and general suspension which would compensate
for our perrau loss ~ reputation great commercial
metropolis and the implied acknowledgement 20 the world
that We financially subordinate 10, and dependent
uton New York that when The latter superior had
failed il idle aud impairment N us ~ think ~ stand
idea IN the brook which flowed into u ~ SINK Of preserv
\ ing Drumming channel.
But amid the chaos Of opinion and theory 10 regard 70
the Crisis refreshing and cdyng 70 encounter the
views ~ experience cd and practical huanceioDe who
Ike the veteran Jacob Baker, has laced many panic
lived through many storm and recovered from many
Ehwfcck. We regard his views as ellneatly worthy o.
considers and take pleasure IN briefly CoDdeBsnE the
substance Of them uttered in an unsolicited and CONVEX
estuusi way.
Mr. Jacob Barker considers the present financial de.
rsig, ment IseCt godsend ~ the banhs Factors aud
cotton growers, but Tor which such kcies would have
L'th wanted a. woula have induced an early shipment q
we Whole totioh crop. Tie present uneaualed muty
pressure IN all parts d Europe. independent Of AL IN
buence from ts side II the Atlantic would have fopder
81 sale oi - TIE question, and would have been sari
heed 81 ga below hAptnce sterling per pound causing
such amount II exchange be returned under protest
a. would have ruined the banks tho factors and PLANTERS.
a. IT, che cotton cannot forward faster than required
for consumption, Nhth must proceed limited scale
rcyoiuton would DC tie iutuedatp result Hence,
shilling sterling per pound may ouly Anticipated
but cbsined The paAtefs viii be true y, thcmsete e.
and u each ether, price which VIII rcnsate thc banks
ard al others concerned "a metallic cHrrencyWh.ca
tc People u the United states are det mn-i - msntan