Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1857-10-02
STILL MORE BANK SUSPENSIONS.

suspended, except the Bank Of North Amer
lea. Mechanics Bank. and Farmers and Me-
chanics There is a terrible excitement, and
it is expected the Governor will call ON extra
session of the Legislature.
New NoRK. Sept 20. Half Of the Balti-
more Banks have suspended Wall street is
wild with excitement, but there is no run on
the Banks yet.
The brokers here are refusing all uncurrcnt
funds. The Metropolitan Bank is throwing
out all banks west Of Albany.
PHGIADELrHrA, Sopt27.-Tho Governors
proclamation for an extra session of the Lo-
gislature, to assemble ON the first Tuesday of
October, will be issued tomorrow.
BALTIMORE, Sept. 90 Bank matters arc
quiet this morning. All the banks are paying
the checks Of their depositors, and redecmng
their own notes with specie
A meeting of all tho Presidents has been
called at 10 o'clock, when it is thought a sus-
pension on all sums over $40 will be recon-
monded
There is but little excitement.
A large number of brokers from the North
arrived this morning.
Ten o'clock The Presidents Of all the city
banks, at their meeting this morning, resolved
W HuAp tHu HpcClt payments.
The suspension is total.
The Banks suspension since 10 o'clock is
total, except accommodating their customers
with few dollars in change.
There is no run on our Savings Banks We
have but three, and even the most ignorant
know them to be as strong as the mint
Our merchants appear to be satisfied with
the suspension.
Money on the street yesterday was ,
per cent; to day it has fallen to l.
The Baltimore and Ohio Railroad has adj
vancod IS per share.
WAsHINGroN, Sept DC. The Bank Of
Washington has suspended ON all excepting
tivcs. and small checks.
The Directors of the Metropolis and Pat
riotic Banks are now in conference, but it is
not known what action they propose to take.
Later. Tho Metropolis Bank has resolved
to continue full payments, feeling themselves
strong enough to meet all demands
The partial suspension Of the Washington
Bank is only temporary.
The Farmers and Mechanics Banks aye
paying in checks aud notes Of the other banks.
All other banks have fully suspended. Shin
plaster banks arc talked Of
TRENTON, Sept. 20. Our banks had a
steady but moderate run to-day. and paid out
about $1,000 in specie each. They are in good
condition, and it is thought will weather the
storm. JAS Sterling our heaviest merchant.
has assigned Assets ample
W4SHINGroN, Sept. %. The Bank of the
Metropolis closed firm. The commercial COM
munity is generally satisfied with the course
of the others and an are confident of their
stability and resumption at an early day. A
considerable amount of deposits has been
made in the Patriotic and Bank of Washing
ton since their suspension.
PITrsBuRG, Sept. 26. There is no concert
of action amongst the banks of pittsburs in
regard TO future policy An Of them contin-
ne to pay coin for small demands The Mer-
chants and Manufacturers Exchange and
Citizens Banks are paying the small demands
made by laborcrs, operatives, and others, but
are refusing the demands of banks and bro
kers. The Bank of Pittsburg has resolved To
pay in full
WHEELING, Sept 26. At meeting OF
the citizens of this city, held this evening, it
was unanimously resolved that the banks OF
the city be requested to Immediately suspend
specie payments until the business interests
Of the community will justify a resumption.
This action was taken in consequence of the
heavy run that has roeopuy been made upon
the Banks by foreign brokers and bankers.
The Banks are abundantly able to meet their
liabilities. No loss will be sustained by note
holders or depositors in consequence of the
suspension.
CINcrNNArI, Sept. 26. The Ohio Life and
Trust Co. has made an assignment Rates of
exchange ore nominal Sight checks cannot
be bought ON New York for less than five pcr
cent. premium. There have been no failures
among our merchants They stand firm.
RcHMoND, Sept. p There are no bank
suspensions here yet. There was considera-
bic excitement in our streets yesterday, occa-
stoned by the news from the North.
NEw YORK, Sept. 26. At one clock the
banks issued circular stating that all coloc-
tions maturing out Of the city, would either
be recalled, or if paid, subject to the drafts
of the banks payable in funds current at the
point of payment. Our exchange brokers
were at a stand as to their business and gem
orally declined to fix a rate.