The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-09-28
PRICE ONE CENT.


amounts to s55, 900 They also return sixteen l,.
venport bombs, saftei at eight thousand q .ilsrs
Keoknk bonds saued 'st six thonssnd 5oIfars
twenty great westerns fliinelst boUtis. Val
ued at twenty seven thousand dollars, and seven de
of five hundred dollars each; also $500 The 50
psake and Ohio Canal bonds. seven thousand dol
lars; Great Western Railroad do and sixteen hun
dred dollars of scrip. Two thousend dollars nus
20 Michael Sourse. the bank bills and the resFst'
sibiIties of c. W. Paro, as trustee Of the late Thes
Psro, and debts of fifty dollars and under are CON
sidered preferred. The trustee is empowered q
sell or otherwise dispose of all property, or conf
promise the Indebtedness where desired, and hen
necessary, employ assistance in closing up the
whole concern on the best possible terms. and ap-
propriate the proceeds to the adjustment and ex-
tinguishment of all claims against the firm.
THE EFFECTS IN SKw YORK.
The suspension in Philadelphia created much
excitement in the New York money market, and
stocks went down. Va. 6's fell from 81 to 81. The
papers, however predict that the banks will stand
firm. The Herald says.
The banks of this city will stand firm amid all
the desolation aud devastation around them, and
II Is Well Tor the country that they have the
strength to do We look for a general suspep-
sion of specie payments throughout the North
West aud East, and of the city OF New York
Throughout the whole of New England there must
be general bank suspension The only light spot
aihiu so much gioom-the only oasis in snch a des-
from this spot must emanate all the recuperative
power for futur progre and pro sperity The hanks
Of this city are fortunately strong and We think
there Is no doubt but tuey can sustain themselves
The suspension in Philadelphia. and those which
must follow in other cities. is merely specie
movement The ordinary operations of the bank
concerned viii undoubtedly go on usual and
perhaps afford some aid 10 the community The
suspension is only important to billholders
The New York journal of Commerce of saturday
afternoon says:
The advices from Baltimore announcing the sus-
pension of the banks there, and the runors of a
similar movement in Lancaster. Pa, create far
ther excitement in this market, but produced nc
quotable effect upon our financial affairs. Our
banks stand very strongly and as suspension can
not be egalized even by tho State Legislature
there is no fear of their stoppags The new Con
stiution of this State has especially forbidden any
indulgence to institutions which do not pay specie
on demand. The New England banks are much
stronger than at the close of last week; aud al
though some of the weaker would welcome II
suspension, the prospect is that they will maintain
their position.
Tho Canandaigua IN. y papers say much excite
ment followed the announcement of the suspension
OF the bank at that place The bank is an old
safety Fund concern. The cashier is treasurer of
the Elmira, Canandaigua and Niagara Falls Rail
road The Paymaster of the road was at Niagara
Falls, the Gazette says, on Saturday and paid ont
to employees and others probably between 81 00C
and $4,000 all in bills of the bank.
The Fredericksburg (Va) Herald says that in the
last week, 3a3 per cent has been paid in that city
for money.
The banking house of James Carter & Co., Ga
lena, H.. closed doors the 18th inst. They at
tribute their suspension to the failure of the Ohio
Life Insurance aud Trust Company.
The Cincinnati Commercial of the 23d inst. says
that the banks and banking houses there ''well
supplied with coin and currency, but are unwilling
to loan on any but perfectly undoub,ed securities
such rs they regard safe aud certain as doubloons
| To all kinds of investments they are indsposed
consequently their general business is partially
| suspended"
|