New-York daily tribune., 1857-10-05
5, CsAaIEnId BA-xs, which sre secured BY he

5, CslaIERId BA-xs, which sre secues BY he
Der, ons liability claIse:
- Bsst Ner~I; y.rseis BsSs Of n MOS. holy
f.rm.r. al S.ea.ric~ bsus Mdd town PAn: keessa.e'
Sf p.5u. sa BaD. Pm Mn. co Boa osose ear
Bsis oi Wsp;;ee. D'cserovn, Ci:, Bns. Perm ATo3t
s.b iDGoD GIOuces;st Co Bans, wcodb ry Farmers. .ad
h.cbais Railway unioV Rsnt, DoveI sensr,e; % bsas
Co BsDi, nedford.
4. The other banks in the STATE not enumerated
above. are the Trenton Banking Clnpany; sac
Bank, New Brunswick; Newark Banking sad ln.ur'
snce Company operating yet under old chsnefi Sus-
sex BsDh, Newton; State Bank, Camden, aGd Bale IN
Barking Company. None of these, We oeheve, are
oreratr NJ der the personal lis 5i'y Provis9n taoagn
some nay be. We cannot speak dsfoitely. 81 the
lists made from memory, an eIsminston oi an .ne
charters being imprscticable. There may be, Also
wrong classification IN the third Esi. Ine grea'
m85iity Of the banks of this State, /. VIII be seeu se
well secured and Of the others there Is DO reason or
suspicicn-ihe Newark Banking Company, iyr in-
stance, being esteemed secure a. any insn,a1on
possibly be made. It's renewed charter proVl1es
for personal liability bat does not take effect Tor soae
months.
The Washington Star says:
"The District of Columbia nots-issuing banks have
not as yet come 10 q common understanding ~ "
what is the best policy for them 20 pursue n tne
pIeseDt state Of affairs II IL, however, known 'hal
insjority Of their Presidents a1d Trustees are eh
tremely anxious 30 TO do. In the meantime tney
neither pay specie nor discount in then own blls 70
The amount Of dollar, hear. Il is said tbs there
se $500 000 Of District deposits fol the most psr IN
tbe vaults of the Bark of The Metropolis, ard 800
in those Of the Bank OF Washington. Under such
circumstances it will be readily seen how ard Wny
money IS more difficult to be obtained by persons in
business with which to meet their engagement tnan
ever before. -, -
We hear incidentally that every dollar of the debts
due by the late banking house Of Selden, Withers a.
Co.. except 10 the State Of Virginia, has been paid
by The trustees in full with interest; and also that
nan Al L,,rI Sha
snow in the hands of the State, the due payment Of
which however is delayed by some disagreement Of
partners concerning the settlement OF their anairs
among Themselves.
The brokers' at Washington charge Z and =
centum discount for specie on Virginia money.
The Charlottesville (Va.) JcBersoa,dR. speaking OF
the suspension of the Bank of Monticello says inst
since the date of ifs charter not $lO0 have been lest
by its operations and that every existing liability no"
due is confidently believed to be perfectly safe.
At Richmond, specie can be obtained for current
notes at ) e cent
The Branch Bank at Leesourg has, it is said, sus-
pended specie payments.
The following letter is from the First Auditor OF
the ate of Virgnis TO the Sheriff of Spotsylyania
County:
AUDITORS OFFICE. RICHMOND Sept. %. 1857.
T. B. Fhr,cn FsaDear 81, Your d;P,eh of thi. morn
mspts for the revenue payments The
% % & 81 PeVdss q s.ns RG,
Bsnk iii R@heT be than ss PSsS @ %
ion The Governor VIII peTaSs % S sr IN ms a shane
or other All money hand and indeed I'll money Of any
O'Dh IL Inc stare VIII O' '''''''D Until T. NJ BENNETT
The Hudson Sfar of Oct. 3 says:
Our city was taken somewhat by surprise yesterday
by the announcement that both the Hudson River and
Farmers Ba1k had suspended specie payment.
slight run commenced on Wednesday, which continued
Thursday and yesterday morning until their vaults
were exhausted and they were compelled to stop pay
ment. On Thursday the crisis was greatly fastened
by of the stockholders in both OF the banks de-
Dandng specie to the amount Of 5000 and upwards
bills and deposit The panic was principally
fir ed 10 class Of bholders who could not be expect
ed to use sny judgment in the premises. Some who
have been regarded as almost paupsrs turned up with
huge rolls Of bills for which they demanded gold.
Our Irish citizens helped along the very consider
bly,. They were accommodated as long as the specie
held out, when, of c'urse, astoppage followed.
"a movement was Immediately made among our
merchants and business men, waich resulted a writ
ten ment generally If not universally signed, 20
r,ceiye bills on the Hudson River and Farmers Bank
At >ar in trade aid ell ordinary business transactions,
No loss will result to billhoders we need hardly
repeat, by these suspensions. Doubtless. both Will
soSp resume business"
TIE AijanG .,--arnai says Of the Hudson Banks:
"The Farmers Bank of Hudson is @, old and we'll
established institution, having been organized III
1899"
According to the last published statement Of the
Ranking Department it bad in circulation $l3d,ll0,
which was secured by $3l 900 of bonds and mort
gsees x92 7I6 Of New-York State and United States
Stocks, and sis 900 of stocks Of other States Its esp
ital is $500, 600. ,o..
The Hudson River Bank was organized IN io2o,
with capital of $2OO,O 600. 1t has, according ths
Bspk Statement bills in circulation to the amount OF
ass GEO. which were secured fully and entirely By the
same amount Of State and United States stocks.
These two are all the Banks there are il Hudson.
The Cashier Of the Exchange Bank of Loctport in
forms The Albany Journal, which had published that
institution in its Lis. of suspended, that it is IN regular
operation and in solvent condition.
In consequence of the factory suspensions in Fall
River suffering begins to be felt among the poor
classes of that city. The Star says:
"Wbole families are suffering for 6rea6the fathers
willing and eager to work. but nothing 10 do. We
have heard tales Of distress that would bring tears to
be ewes Of the most Indifferent. These people must
have bread or starre and this is not community 10
allow the latter
The Presidents of the Chicago Banks had meeting
On the lst ard resolved not to suspend. The reputed
foyseries Of Jno Frazer & Co. are unfounded.
Messrs. Hewson & Holmes of Cincinnati, in their
Circular of Sept. 80, say:
Mercantile failures have also become fshtf1iy numerous
embracing house. Of the 81 sns .1 d
tru produced by this condition OF matters the OF
not sly 10 be- drawn until matters become settled mean
while s the mercantile classes rardy coming to the con
ean that the only hope for and from more .eroa. a
sster is IN the general and early suspension OF specie
nv s the bsnhs Of the country ost Of Newforh city TINS
ppo,ed will immediate relief and had oetter occur
now while the banks comparatively strong and not hter
they shall have exhausted ell thci coin In uiies enoiS 70
sustain themselves. .
The of exchange on New York /; tSdy cen, pre-
MUM small amounts can be had Wih exc1snse
A, mis- rate every bank IN circulation In the Wes
win return the shape Of mercantile remtsnces Tn the
We,t,Ip banks paying specie mus. expect 10 retire large
mar. of All their circulation To do this these banks will be
ouptrd 70 reduce rapidly hs discount boe. and 70 withhold
, from their customers the accommodations which they
b,s hitherto received aud which they rely for the nnte
nance Of their credit prosecution of their business such
disasters and Bankruptcies thai IL