The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-25
SOUTH CAROLINA.


CIHCULAk OF THE BANK or
BANK or lHAnrroy o., Oct 10, 1857.
The crisis throw gn which 80 are passing demands the
exercise OF al NE energy ntengsnce and patience Of the
cy avoid the wassfui sscsioe of valuable proportv,
and shs wdespyesd mischef OF senseess aud unfoun
panic Uron the banks particularly devoyea the duty In
me present ooudaon Of ihe currency, - promote hese
great puoc Objects BY timely, well concerted and harmo
nious messures and chiefly 70 anticipate and prevent the
occurrence Of dcues In ne p~y ents Of those who
prepared 70 mecs tneir engagements IN thc notes OF our
banks those may be regarded - all 10 sound condi
and ,bsro oush 70 Be no inpsdmsss 70 ne payment Of
deb In this currency. These dobs are OF three caEsos
Deb due 10 o. her oommupiuss and pay able 10 NOES
maturing In Charleston, and sent hcre for collection by dis
ant banks.
g. Debs due II tho North, ana 70 be met BY the rem.
ianoe OF checks on Hew York.
In reference the first Glass, there be aim sulsy
division OF opinion Ali the hanks will certainly,
from considerations OF policy wen from the dioA,os
Of duty cheerful receive their notes In he payment
Of dobm due v themselves The second GLASS Of engage
mens appe prosepl em oAfsfsment, bat
pers aded that proper confederation OF the mater viii
A i'm .edneni to Tho guar payment or this class
o. deba In the present condition Of inc currency, bosn
here and New York, quite undcniable that ne pay
OF specie sreoe runds for these engage mons
cheer impossiby; And, ra Tor tno eanss espeoiay,
the chief oos OF tho Uni cd asG 70 demand coin from
Individuals, Would lie Justly regarded hsrfh aad IN
equal proccdare Taking his vie- OF the matter, and
anxously dcsirous by eYcry In their power pro
mote the grsdus aud oasy liquidation Of ex,siog dopn,
pos a,onc NJ betseen individuals, bat amongst Inc
banks ihemaolyes, The Bank OF charleston sook early
.lcps obtain the coDaen. of their oorreoudenn 70
ave, for their ocl notes, meni In NE bills or
-odh OF all Who prepared 10 pay win be sustained,
and ~ the<e coecucn notes and orafu belong chiedr 10
the banks In the Interior o. hls Ss,e and Georgia, tho
talsp es ss,ps IN their 'svor WIN b rapidly sSsorbsd
partly By their bills N Charleston IN raymen,
sr dues 70 cus merchants and partly BY ths collection,
thrcushou. the Interior or notes FOR smlRr cebs Already
discounted by hanks All shc banks oi the oily
should, therefore, unto adopting the rui. aud
repsss pt 70 NOR oorrespoo rns important rosuss
dane On ha m
measures 70 prevent INC 'sl encs ihss would Inevitably
result ,hs banks ,hcnscves, from ,ne general pscse
and good viii amongst the bsnks OF The tvo States, 90
s.htAl 70 ,he .srly restoration Of . s,und currenc,
far or deca,aoa nneceuary shat banks OF thn city
csrro IN The present condition OF the currency without
manifest isccns,sesoy snd bju'oe, undertake 70 make
oo eo.,ons from merssants In coin.
The third Glass Of cebsr ought not present any am
Guilty. We or the eve OF omposhg Of bvuntfu crops
co, cotton and wheat n good prices, and the basu
mar oy moans tf bills London plce any amount OF
fabos IN Nor York on advsutaEeous tsrms, and supply
the demand for ch.cfs ~ roderAs rates Tor me NJ
zion OF uebt, tho North. wsen this Indebtedness -
finally exur snshed ~ vill certainly % In e~ msntns
ue surplus Of the crop broush, home In onn, wl s
continue the rcdemp Of ther bills hitherto This
sresi obvious deienos between the pox,ion OF a
fairs 81 he North and a The South, should not be lost ash
Of and frarght y ih dln1oulues and embArassmens
present portion appsss 70 bo, the oonvc.on tns.
wealth h real ami subs,sn,ia ihas our immefise re
available or lhe %, zens OF debts a. the precious metals
tn mseives 10 full u consosuon and No
OF substance haa been waved In erwavsTs ant or
pprrohiabie espend,ures our people are frugal, ory
spd uprhb, and msainG every manfu effort fer The
pay lh.ir deb rho fuure ihercfose fall Of nope
and epccur cement, and shouid animate ihe wno~
south 10 unoI sad bsrmeny In thear ncssuvcs for the
geoera good IN me hope that present. oicut 90 and
Gale v not ony prove Temporary, bat serve me vslus
bic purpose of viodoatng 20 ho world toe great soidv
Of posss ssIoos The superior abundance OF re
sourocs sud the total exemption OF enre population
from tho suffering snd ass,uton vhioh ubsSe are aow
urbsppily suffering Who vsnly b,sod Of n ycsi supe
90 well calculated 10 arrest the attention Of every Tus
os and urge him 70 renewed eovw 10 project and one
rish portion Of ns oountrr vhich the nap
pinsss and prosperity Of cvcry part 90 essenssp ae
posda ,..
Deeply Impressed with hcse visvs, snd snimAed With
TIE desys 10 pcmcio sp,rh Of harmony aod god vii,
and ooncsvi Of action smopsa banks o. this atss,
the Board OF she Bspr OF C,arescu have unaulmousiy
adopsed The foilosirg resolution -
Resolved Thai Me Sank Of ChsyIeson Tor We protec
ucu OF Tho Sc viii reocive csrrcu ands FOR the pay
mera or deb due hs bank and for all oolectoc capsr
reosIvcd fro other banks and s fuvsisa sr funds
only for paymeais V DO made 70 other bann.
ITEMS TOUCHING THE TINES.
II 10 satsd MA, there not lee than @ ooc 0eo busnels
or grain Store In Chicago, but pet hss 0ooo
viii be brought forvsro previous 10 the closng or NE
cAnah forvsns OF money 70 sscd The above ssory
eorg he rounds Of tie from OF the ooun
wy 10 ,he other he sxtrAvasancs 20 apparent shat
hardly calls for correction however n may Be as vel
siate thai according 70 Mo ofoa enoss e the Board
Of nsde, Of Ohcaso there not 600 bushels cf grain