Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1857-10-15

rRut, ii you nave ue money no Want nlH pu
If you no have de money, want him bad " anr
he bowed hims> II out. leaving the money with the
merchant. Comment is nnecessary.-ChGrlrs
ton Mercury.
CHARLESTON CORRESPONDENCE
CHARLESTON, Oct. IL, 1857.
Great excitement was caused on Saturday NOR
ming BY the suspension of specie payment BY tht
Bank of the State. An immense crowd collected
about the Bank, and Broad street and the Bay pre-
sented An unusually crowded and animated ap
pearance. The whole city seemed TO catch tht
general panic and partake, in some degree az least
Of the monetary stampede and for time il
seemed as if there would be general run upor
all the banks. The excitement was intense uE
to three o'clock when the storm began to lul, the
crowd dispersed, and comparative quiet was again
restored.
Towards evening n spirit Of speculation seemed
to prevail and usurp the general attention. The
brokers and others showed very decided DISPOSE
tion to buy the notes Of the suspended bank, and
holders, in many instances, were green enough to
sell at considerable sacrifice. 1t is said that one
Broad street firm made two thousand dollars in
that way To day confidence is partially restored,
and bills on the Bank Of the State are the best in
the Market Some fifteen or twenty of our lead
ing merchants advertised that they would take
them at par in exchange for their goods, and some
two or three offer premium of FIVE per cent.
paid in specie.
The panic spread among the Market women and
vendors of beef, and some difficulty was encoun-
tered in laying in the necessary ingredients for
Sundays dinner. All the small bills which are
usually used up for market money, are on this
Bank, and hence the difficulty in that quarter
Some sharpers and Shylocks took advantage Of the
panic, and bought up large amounts from the ig-
norant and unsuspecting, at fifty cents on the dol
lar, and some at even greater sacrifice. Many
refused to take it all in order to increase the sx
citement and depreciate the bills, by which they
would be thrown upon the market at mere noni-
nal value.
The masses rested badly on Saturday night,
and their broken and disordered sleep was haunt
ed by starvation, broken banks and worthless pa
per. Very few had the nightmare, as their sup
pers were too lightto cause any serious apprehsn-
sions in that quarter, but their sleep was not the
"tired natures sweet restorer' spoken of by
YouNG in his "Night Thoughts" Those who lad
presented the bills and drawn the specie, placed
the boarded treasure near their pillows, and every
rot that moved during the night was taken for q
robber, and the wind that howled round the corn
ers of the house was hailed as an attempt Of bur-
glars "to break through and steal"
Sunday was as quiet as could have been expect
ed under the circumstances. The piously. .dispo-
sed went to church, but dropt nothing in the con-
tribution box on account of the money pressure
and their recent loss BY the Bank suspension
The careless and Indifferent about spiritual mat
ters stad at home consulted their interest table,
read the newspapers and perhaps the Bible, closed
the windows and dozed on the settee While the
hopelessly and outrageously wicked, disregarding
the sanctties of the day, and even the outward
forms and ceremonies of religion eat late break
FAST and put for Sullivan's Island, Mount Pleas
mt or the Six Mile House, whore evil disposed
persons do mostly congregate on the Sabbath day.
So much for those two memorable days, Saturday
and Sunday, the 10th and 18th Of October, 1857.
This morning Monday rose dark and lowering.
Angry clouds hung about in threatening groups,
md q thick, heavy fog enveloped the city in
cloud of mist, and the sun, when be deigned to
show his face, looked like boiled turnip set in
casket of red clay. Just such q day, for all the
world, for nervous, melancholy or dispeptic per-
'on to commit suicide, and especially those who
have "nothing to spend" But the drum beat at
The usual hour, and the people got up, made their
toilets, except those who had Nothing to wear"
.at their breakfasts, and went to the Market, the
Post Office or the Mayors Court, just as seemed
% suit their varying tastes or fancies. Babies
'qualed, dogs barked, hucksters cried "6sh"
md shot pancakes" at the top of their lungs, and
Trays ratified over the stony pavements, and every
hing seemed to go on rs it did before the food,
II the suspension of the Bank of the State. And
We had almost come to the conclusion that the
vorst was over and we were not all ruined. But
he wise ones still shook their knowing heads most
minously, and the cautious were grave and
houghtful, and the timid and nervous were pale
nd restless.
About II o'clock this morning the worst fears
f the people were realized. Crash! crash was
eard OH Broad street in the vicinity of the Bay,
nd on hurrying to the spot from which the start
ing sounds proceeded, it was found that two of
ur most stable banking institutions had cayed in
Treck behind. The South Western Railroad Bank,
nd the Bank of South Carolina, had closed their
aults, and announced that no more specie would |
c paid out for the present The panic increased !
md the excitement ran higher than ever, and q |
reater crowd than OF Saturday, assembled in
'road street, and were clamorous for their rights.
rush was then made upon the Bank of Char |
,ston and the Peoples Bank, both of which re-
eemed every bill that was presented, and still |
tand firm. Placards were posted at the doors
nd about the streets, that the banks would be
ept open till five o'clock this afternoon, in order
D give the people better chance to present their
ills, oil of which they were not only willing, but
n1ious to redeem. The friends Of the Bank of |
harleston seemed confident in her ability to pay |
he last dollar, but it is pretty evident that others
ill be driven to suspend. Itwas anticipated that
le Peoples Bank would have been among the
rst to 60 by the board, but she stands the rush
lmirably, and has promptly redeemed every bill