Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1857-10-06
NUMBER ~.
EFFECT ON BUSINESS.

-
Iner, p:S upon the Pennsylvania coal busifss' The
tmiAd.lphia American says the Receipts are efalings
i oo,h oy rail road and canal the dspand of\bo'h
from ITO, .ne South AMI East has sackensI Coal Sts.
se'e are aoudaut and th- rates dsc'inngNSnd nhp-
per OF u. mier' have determined to drc6ayge they
hands and cease operations
Uperan"hs nave been temporarily suspended 4 the
rolling mill OF M-ssrs. Potts s. Bailey, In Pots;oSsS,
ia. Cause.-The general depression in the iron busiS>
ness. like suspension has occurred AZ the rolling
mill of Messra Jos. Bailey 3 Sons in Douglas town
ship, Berks county, Pa.
MANUFACTURES AND LABoR
One of the worst features OF the depression now
prevailing il the wide spread suspension of large
manufacturing establishments in all parts OF the
country affecting seriously the prospects Of the work.
ing classes These have adreary winter brHQre them,
| without the means Of earning subsistence. Many
thousands are thus destined TO feel the deprfss,Sn
| sorely. Mining operations are also necessariNcur\
tailed or suspended 10 consequences OF the CESSATION
n manufactures.
The Lancaster lPa Express, Of the LIST instant,
says:
No. cotton mill suspended operations last eYen.
| ing. No time was fixed for resuming operatohsAss
| that will depend altogether upon the times. 6ly
three mills are now idle and over nine hundred opa<N \
| rs:ves out of employment TO whom about $1,000
had been paid every four weeks The withdrawal Of
this sun from circulation in ths city will be sensiblN
| felt by all classes during the winter.
NEW ORLEANS BANKS.
The State laws require ths New Orleans banks to
Of their liabilities. The penalty for falling below tns
500 each director for every day that the bank
is "out Of line-s pretty efsctus bar to expansion.
BANK FAILURES IN SEBRAsXA.
A dispatch from Omaha, Nebraska, dated Septem
Der elst, says:
The Exchange Bank of this city failed today; also
the Fountalle Bank. at Belle River. They are said
to be bad failures.
THE sUsPEssIoSs IN MAssACHUsETrs.
The New York Journal Of Commerce, in announc.
ing the suspensions at the East of several large WOOL
len mills, mostly at Lowell and Lawrence, including
the Bay State Mills, Middssex, New England
Worsted Company, Pembsrton, all of them represent
| ed in Boston and New York by Messrs. Lawrence,
Stone g. Co., whose suspension is also involved.
says:
This house il not to be confouuded with Messrs. a.
g. A. Lawrence, who have stood at the head OF Bos.
ton merchants for many years; but the partners are
gentlemen of great worth and respectabity. including
| Samuel Lawrence and Mr.. Sade, Of Boston, and w.
| w. Stone and Henry 7. Jenkins, of this city. Mr..
Lawrence has been in Europe, and il expected home
in the Arabia. Mr. Stone is the partner best known
in this city, where his active Christian benevo!ehce,
sterling integrity, extensive and varied information
and excellent business tact have given him very
high reputation. But few days ago he held IN his
| hands handsome fortune, the resut OF many years
Of industry and we sincerely trust that the load un
der which the house has fallen will not greatly impair
il.
THE fUsPE ENsIoS AT WILLIAMSBURG, NY.
The Farmers and Citizens Bank Of Williamsburg,
| L. l., which suspended in consequence OF run on
Thursday, had $4,000 Oh deposit and about ~ Ooo
discounted paper in is possession $225 900 of tho
latter is considered perfectly good Deposors have
been assured that they will not lose In the slghest
degree. although they may have to wait short time
for their money The circulation of the bank was
$l0O00O, and as this is secured by State stocks the
bill-holders cannot suffer. 1t is believed that the
bank will very redeem all its circulation, dollar
! for dollar.
| THE BOSTON BANKS.
Annexed is scopy of agreement entered into by the
| Boston Banks:
BosroS, Sept. 3O.-We, the undersigned, Presi
dents OF the several banks herein named, do hereby
egree TO discount on or before Monday, the 9th Of
October, proxno, ten per cent upon the capital oi
| said banks tu he distributed among our customers
"a the several Boards Of Directors may determine
This is signed by all the officers Of the banks in
the city with two or three exceptions. The Boston
papers state that at the meeting feeling OF confidence
| n the ability OF the banks to maintain specie pay
ments was generally displayed.
RHODE ISLAND.
The Bank Commissioners of Rhode Island have is.
sued circular stating that the bills of the banks Of
that State will be received in payment OF debts due
| from parties abroad.
The Hopkuton Bank Of Rhode Island has gone into
| the hands Of a receiver. The City Bank OF Bridge.
! port, Couu, is thrown out at New York.
SOUTH CAROLINA BANKS.
| The Charleston News says:
The banks Of South Carolina cannot suspend. a
suspension il made by law, forfeiture of charter,
ipso jacto They must pay through any run pres
sure to the last dollar in their vaults. Before this
suit could be reached with all it's dieasters the peo
pie of South Carolina. who were never freer from
embarrassment, could and would sustain them with
such large suppy of agricultural products equal 10
SPECIE and convertible at once into sustaining credits
Specie that the Of the banks could be
allied to any needed extent.
The Charleston Evening News, after referring to
the Importance of bringing forward for sale the abuu.
dant crops now OIL hand, says:
"rhe most reliable assurance has been given us
that our banks and bankers in Charleston and the
State, are working cordially together, will stand by
each other will not suspend ssk leave TO suspend,
| will uphold their credit 10 their last dollar, ani will
sustain trade to their last cent. This is worthy of
them and of South Carons. Whstever errors they
may have committed, whatever license taken, what
sver sponging profit made they intend now to do their
duty to the State, TO the people, and TO themselves i'll
maintaining the integrity and safety Of their business
relations"