Cooper's Clarksburg register. [volume] (Clarksburg, Va. [W. Va.]) 1851-1861, 1857-10-02
A aun on TIE SAVINGS 1NsT1rur1oas.

4
| AT all the saving institutions where de-
positors are payable on demand there
was run. The officers Of these institu-
tions generally assured applicants that all
would be right. but that they must have
patience and wait until they could make
the needful arrangements with the banks
and their own debtors.
The Wheeling Argus of Thursday, con-
tains the following I:
In consequence of the prevalent de.
preston Of the money market throughout
the country, our banks yesterday suspend
ed the redemption OF their paper. This
event has been anticipated by our citi.
zens for, several days past. Not that any
had doubt OF the banks being able and
prepared to redeem their circulation with
the coin. but that the interests of the
community in which they are located. re-
CURED them 20 pursue this course. At a
meeting on Saturday evening. resolu.
ton was unanimously passed requesting
the Presidents and Directors of the differs
ent banking institutions to adopt this
method of protecting them during the
monetary crisis through which the coun-
try is now passing, which shows that the
movement met with the appreciation of
the public, and that there is no doubt en-
tertained in regard 10 the solyency of-the
banks.
The following is the very latest We
have in regard to the banks. It is TO be
hoped that the Virginia banks will not
find it necessary to suspend:
WASHINGTON, Sept. 29.-The Bank Of
Commerce, at Georgetown. which contiu-
ued to redeem its issues in specie up to
to day, has come into the arrangements
between the District banks. and suspend,
ed specie payments altogether. The Far
mers and Mechanics Bank Of Georgetown
suspended. ... .r.....
RICHMOND. Sept 2o.-There has been
but a moderate demand on our banks for
specie so far, and they still express con-
f'dence in their ability to meet any de-
mands which may be brought.
NORFOLK. Sept. 29.->The Farmers
Bank, at Elizabeth city. North Carolina
has suspended. Brokers here are buyi
its notes at so per cent. discount. The
Norfolk banks are all firm.
ALBANY, Sept. 29.-The run on the
Savings Bank here has subsidized, golc
drawn out under the influence of the pan
ic yesterday being returned to-day.
TRENTON, N. j.. Sept. 29.-Messrs. H
H. Bottom, & Co., paper dealers, ant
Messra. Bottom, Tiffany, & Co.. machin
lists. have suspended.
A later dispatch says the reported fail
ure Of the latter firm IL contradicted.
Trenton. N. j., Sept. e9.-Mouey mat
ters are quiet here. Our Banks are meet
ing all demands upon them.
SALEM. N. J., Sept. 29.-The repor
from Trenton. in regard to the Salen
Bank needs modification. The Saleu
Bank, Influenced by the action of Phil
adelphia, though prepared to meet its is
sues, has partially suspended. 1t re
deems its fves, cashes the checks of de
positors in its own bills and continues t
exchange the notes of banks good at Phil
adelphia and New York.
NEW York. Sept. 29.-The Burlington
Camden, Cumberland and Salem N. J.
banks are reported as having failed. TIL
East Jersey banks, including Trenton
will hold out while the New York bank
remain firm.
Money affairs are more cheerful here il
consequence of report that the banks ar
considering the expediency of expanding
the loan to the extent of several millions
No large failures ore reported. Ell
changes are very variable and unsettled
There is no fixed price to quote.
The brokers here are crying dow,
Eastern and Jersey money. Some refus
to touch the former at any price.
Later.-Our bank presidents have re
commended the extension Of the discouu
line to three per cent. for the comin
week, which will amount to over So, 900,
LOCO.
2osToN, Sept. 2e.-There is nothing
new to notice in financial matters. Their
is better feeling. however, and full con
tidence in the stability Of the banks.
BosroN.-Sept 29.--At o meeting G
the bank presidents to-day, e proposition
to discount to the extent of tenth per cent
of their capital during the coming week
was unanimously favored, but definite &C
ton was postponed until tomorrow to al
low absentees an opportunity to vote. Thu
banks have gained $50, 900 in specie to
day.
PHILADELPHIA. Sept. q9.-The City ant
Southwark banks paid out specie to.da.
on their small notes. despite the agree
ment of yesterday. They received tn
notes of the other banks on deposit, ex
cept those of the Pennsylvania Bank.
Pu1LADElpn1A, Sept. ga dispatch
from Bridgeton. N. j.. denies tho repor
that the Cumberland Bank has failed
paid out literally to-day. and confdenc,
in its soundness is undated.
CHICAGO. Sept 29.-Messrs. Thinkham
d. Go. have suspended, but there is NJ
| run on the other banks.