Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1857-09-28
sep2o-3t


orR BANEs-SPEcIE PAYMENT susPExDED-
Incidenfs-7he Ct0,rd.-The Merchants and
Mechanics, North Western Virginia, Bank Of
Wheeling, aud Manufacturers and Farmers
Bank, in accordance with request expressed
by u meeting of citizens, and in common with
banks East, yesterday morning suspended specie
payment. Everything was prepared for an ex-
tensive run, and when the bunksopenedn consid-
cradle rush was made for the counters. Up TO
ten o'clock, Main street, in the vicinity Of the
moned concerns, was pretty well crowded, and
instead of long faces a feeling Of satisfaction
seemed to prevail among most of those present
The banks continued to transact the usual bust
ness ard by twelve o'clock the excitement seem
ed to have altogether subsidized. a large num-
Der of laborcrs and women, holders of fives and
tens on the hanks. bcsieged the institutions for
the specie, but when assured that tho money
was good and the banks solvent, they proceeded
about their business with sort of wondering,
doubling satisfaction. Those who had no notes
on the Wheeling banks or any other bank, (and
they formed no mean portion Of the crowd as
semblcd) were particularly numerous and af
fccted to consider the whole matter as an excel
lent joke.
One suggested that it was "Pity Wash. Cline
had left us, now when the community needed
his services more than eyer-when his valuable
"materi aid" could have been appreciated. "
The pcrpetrator of this scandous joke, is the
same man who upon being told that apickpock-
ct was fumbling about his coat pocket, during
the late fair, never evan as much as removed his
eyes from the picture Of the Giving skeleton"
at which he was gazing, manifested the least
CONCERN. "Blessed are they that have moth
ing"
tered the n. & NJ. Bank, (alter ascertnining at
the door that it wasn't "broke'O with worn
and faded live dollar bill in his clcnched digits,
and going up to the counter, brcathlessly de-
manded the "<paeie" or the gould lac didn't
care which. In the blandest aud happiest way
Imaginable he was made cognizant of the dole
fuI intelligence that the bank had just stopped
paying out 'spacie" Pat was the persouiica-
ton of n ruined man. lie looked solemn as
"a supcranuatcd donkey in snow Storm but
his phiz frightened when it occurred to him
that his persuasive powers had not been em-
plOyed 81 always knowed your bank was
good onc-I always said ye was gintleman."
An uminous shake Of the head satisfied Pat
that barney, which sometimes does well"
wouldn't do in this casc, and with a disgust
amounting almost to sub!imity, he left the in
stitutiou, muttering "bad luck to the thayeing
barber.shoP, onyhow."
All days yesterday the telegraph wires were
employed in the transmission of dispatches from
towns in Eastern oand other points, to parties
in this city els it safe to take Wheeling funds?''
HAS run commenced" and will they wealth
er it." An the dispatches were answered with
the assurance that the banks had only suspend
cd specie payment, temporarily, and the notes
were still current. One large firm in replying
to one Of these dispatches, wrOte-.we wills
our entire stock, at first cost, forWhecng funds.
The excitement in quarters where there are
large quantities of Wheeling money in circu-
lation is said to be Intense owing to information
received from uninforrncd aud indiscrcet parties
residing in this city.
At meeting of the Boards of Directors of
the several Banks held yesterday morning, the
following resolutions were adopted
WHEREAS The Banks of Philadelphia, Balti-
more, Pittsburgh and other places have suspen-
dcd specie payments,
ReS0Ire,i, Therefore, That il is expedient for
our Banks to suspend specie payment, ternpo-
rarily, aud that the officers do govern themselves
accordingly.
Resoleed, That we adopt this determination
with the full conviction of our ability to resume,
and that the business of each Bank will be care
fully conducted with view to accomplish this
end, at as carly day as pos sibe.
CaSh'r n. w Blk Of Va.
$. BnADY,