New-York daily tribune., 1857-09-30
vealthiest m the country. Hs sseets sye alleged 70
be Of the nee. up6oubted character.

NJ tnson; INT this idea IL surely not seriously enter
ain.d. Il il hardly probable that the Legislature wul
attempt 70 interfere between the eaoss anu w a.
creditors, with whom they have made contracts To DO
what they have failed perform Indeed these reis
tons are protected by the Constitution oil the tefed
States 10 the effect that Legislature can pls a"s
mp airing The obligation OF contract. Then, again, u
is said the Legislature h to do no more than 70 repeal
80 much Of the general law requires assignment 10
Of failure to pay in order that the oanks may
continue 10 conduct their Own afsrs uh'n ue neH
Legislature shall have time TO deliberate on toe "hoe
subject ,,...
The aspec; Of sffars about the street' sna IN tns
vicinity Of the Banks to-day Is go quiet as TO seem
Gull in contrast with the exciting scenes OF fncy
and Saturday. The agreement between the
Banks made at the meeting OF the Ifssoent',
yesterday afternoon, is beng carried ou' py ny
Of the institutions, and understand thst Inc
discounts are more liberal than they have been since
the beginning of the troubles. a few OF the BANKS
are paying specie for their five dollar notes but none
Of them are paving coin on checks Ine notes Oh .ns
Bank Of Pennsylvania and checks certlhed as good
BY that institution received by most ot the other
institutions, while one or two Barks throw hem OUT.
The to be pursued by the State Legislature al
ITS Extra Session is the most absorbing topic OF the day.
and the attention Of the community still directed to
financial affairs to the exclusion of all other topics
From The West Chester Record -,
News Of the general suspension reached West
Chester by express early on Saturday morning, and
the Directors of the Bank of Chester County wisely
resolved to suspend. Nevertheless, the bank contn-
ueQ 10 liz demands until ID uOcc WtIc
presented by gentleman from distance. Other de-
inands would have speedily followed, and the pay
ments by the bank ceased, except upon bills of the
denomination OF s. where it was needed fer change
The .uptpsion Of the Bank of hester County before
ts vaults were drained leaves il in condition 10 re-
sume at any moment when the Philadelphia banks
esume.
We learn from officers of the Savings Banks that
there was much less dem4nd for posts yesterday
than YVES expected In the Dime Savings the Geposi.
of specie actually exceeded the amount drawn out.
A very satisfactory days business was done.
Tic institution is conducted in the best manner and
Is securities are of the most valid character. Other
imar institutions with loDg-esabllshcd reputation
enjoyed equally the confidence Of their customers, aud
it il well deserved.
The regular banking institutions OF our city have
also commanded the confidence Of the public, and
though the representatives. OF a very Unstable ana
precarous financial system, are looked 10 with stead
aspess OF nope which they oughtto respec, Whatever
influence they may be able to exert toward the reaza-
ton Of it.
In our remarks yesterday mornirg we referred to
the fact that the constitution contained no clause for
iting the charter Of the bsnk o. Maryiaud account
of suspension We find however, that their condition
is assinla.ed 10 that of the Pennsyv bank under
the act of Isil Co. SGs passed in March, isis'
The Money market s very unsettled. The sus-
pension Of specie payments ~ the bank Tnes b.ca
greatly shaken the confidence of lenders, and
but few Of the parties who have been buying paper
were disposed to DO anything in il to-day. Several
of the Banks hsve however discounted quite freely,
and il il understood that considerable amount of pa
Der will be discounted tomorrow. There Is therefore
lees paper pressing the street. The rates on the
street day Tor prime paper range at from to per
cent per month. There have, however, been very
From tn. Louisrae Journal
When the news of the Philadelphia suspensions was
frs, announced here considerable excitement was
manifested il our commercial circles. Within
tie last sixty days the Kentucky Banks have all con-
tac.ed their circulation ard Liabilities very consdera-
bly,. They have no specie balances IN the lstern
Barks that may be ieopardzed by the failure there,
and although they may not be able 10 extend accom-
modations as literally as the exigencies of our bust
ness men might make desirable, yet they are fully
prepared to meet and sustain all the calls made upon
them without any apprehension of being weakened
by the disasters in monetary affairs in the East.
We have large balances in New-Or'eans; the cot
ton crop is going forward with great rspdity, and is
Immediately taken up by foreign buyers. This will
fun sh foreign exchange, which is sent to New. York.
ard will furnish an ample supply OF E.siern ex-
change, with which our merchants Will be enabled 10
meet their Eastern Indebtedness. Our banks owe It
their stockholders and to the community TO convert
their New-Orleans balances as fast possible into
sight exchange New-York. by this course they
III not 90 safer business, but will be enabled the
more readily TO afford relief TO the existing pressure
Any other course, under existing circumstances woul
be unsafe, and wanton violation OF the objects for
which the banks were chartered. We are glad 10
Learn that all except of banks converting
their Southern exchanges into sight exchange the
East rapidly as they
The following is translated extract from the circu-
lar Of Messrs. Decoppet & Co:
Our last adyice the 2st We that
the want Of confidence end the general feeling uneaue.s
tha. has been t go long in our community has finally
resolved itself into financial cs, c the os serious naute
On Fcay last received news at some Il o; the Banks
P,eeTha had su'Rndrd Pees Paytaen and G9 toe fol
bad s.pendd The effect upon orr market w1s to dePre
materially and we as % & Fs a M yy cv low
iugy strong and present nee but e Popsehty ,hat
strength ssu~d aud Is maintained AZ the expense of
an the rsus fsctlc for obtsnin. money for the
n,nt b. Of The domestic exchanges are the greatest
confusion and foreign exchange most dheat 10 s
a few dsy. longer the effect must be most disa:trou'
Ia STATE hee LsI been considerable Senen the
low pr IS having many buyers for investment The
principal business in Missouri O' Virginia o' oAo o' anu
cry and COUNTY Bo>Ds have been inactive Some few
Milwaukee City Is (SnkiDs FUND.- Cleyelan CITY tN1ef
In RMGRoab BoSDs ,her. ha. been but little done. Trans
actions were chiefly in Illinois Central Is aad Me-" YORK Cen
tr1 DE- AZ private sale W. nave nothing to inenton-
RLR6,D SHAEEs there has been considerable movement
IN Ressp.. Erie EswYok Ccnra Cii and Rock Island
.nd Ccyesud Toledo The decue IN prices vas general
The following is translated extract from the circu-
lar Of Marie & kanz:
Our last atyces dated The 2lst Inst In The -4Iy P'
Of the week several taureswere announced among ne @
Phad,lnis houses Titte followed on the Hd oy thS
failure u thT-. q" tA'f b4IAs alu on - ~ -,
suspension Of spec!e payments OF tue otuet osuh %
This oyca.oH.d uccess!yey the sus asoh oi Ie JANA
Baltimore and W.hnson and part Of those ~ aaoae 'a
Tennessee: The banks ia TIE heIlot 2i IcAy
Mary and aud rsus have adopted seem lkey 70 adoP
similar poy. The b,n&s of Ncwiork and Ne" Oiirsus II
.pe no Leanes' nd have both the mean. and ii
maintain -pece ynlelts come WAX may
,k and .ee ~ able the crisis LsrEe aud
ON, failures the various bsuchs Of trade and commerce lave
,bt, Copddeuc- has t,sapp sr.d aud the whole financial
system s. or the moment nearly Psraytet t cas' PepeI