True American. [volume] (Steubenville [Ohio]) 1855-1861, 1857-09-30

WASHINGTON, sept. 26.-Ihe IN0ney
Panic in WaShington.-The Bank Of
the Metropolis has resolved to continue
specie payments in full, feeling themselves
secure against all demands. The Bank
of Washington has partially suspended,
but this is only temporary. They pay
specie on five dollar notes and small
checks. The Directors of the Metropolis
and Patriotic Banks are now in confer.
ence. 1t is not yet known what action
will be taken.
EUening.-Ths Bank of the Metrop-
oils closed firm. The commercial com.
munity are generally satisfied with The
course OF The others, All are confident
of the stability of the banks and a resume.
tion of specie payment at an early day,
There has been considerable amount de-.
posted in the Patriotic and Washington
banks since their suspension.
PHILADELPHIA, Sept. 26.-Re Gdiing
Banks Private dispatches announce
the suspension Of The Reading Banks.
CINCINNATI, Sept. 26.-The Trust
Company has made al assignment to,
Charles Stetson and the members of the
old Board of Directors.
BosToN, Sept. 26.-State street was
much excited during the day by advices
from Philadelphia, but the banks have
made large additions to their specie with,
in the last few days and remain iirm.-
There are no signs of suspension and it
is confidently believed that all the New
England banks are able 10 stand the pres.
sure.
TRENTON, N. j., September &c.
James S. Sterling, hardware merchant,
has assigned. His assets are ample
There is steady bu. moderate run on our
banks. Each bank has paid out about
$4,000 They are in good condition.
BosToN, Sept. 26.-The failure of w.
B. Lovejoy, clothier, is announced.
The bills of the Hopkinton Bank of
Rhode Island are refused at the Suffolk
Bank. ......
New York, Sept. 26.-New York
City Banks. There is no truth in the
reports current in PhiladeIphis that the
New York city Banks are about to sus-
pend specie payments. There are at
present no signs of the adoption Of such a
measure.
The following circular from the Banks
has been issued: ain consequence Of
the suspension of specie payments by
the Philadelphia Banks. notice is hereby
given, that all collections for account of
dealers at this bank, maturing ont Of the
city Of New York will, at the option Of
The dealer Immediately expressed, be
either recalled or. if paid, be subject to
drafts of this bank, payable in funds cur.
rent at the point Of said payment"
EUening-Our banks remained strong
to the close of business hours, and there
are no signs of suspension. Money in
the street is largely sought for, ana de-
mands higher rate Of interest.
WHEELING, Sept. 26.-At meeting
Of the citizens of this city, held this
morning. it was unanimously resolved
that the banks of this city be requested 10
Immediately suspend specie payments un.
til the business interests Of the community
would justify resumption. This action
was taken in consequence Of the heavy
run tina. has recently been made upon the
banks by foreign brokers and bankers
The banks are abundantly able to meet
their Liabilities and no loss will be sus
tanned by note holders or depositors in
consequence of the suspension.
PHILADELPHIA, Sept, 27.-It is under
stood that the Governor will issue proc
lamation tomorrow calling The Legislature
together on the first Tuesday in October
to take action on the Bank Suspensions
PHILADELPHIA, Sept. 26.--Philadel
phia Banks.-There is no concerted act
ion among the banks. The Pennsylvani;
bank has resumed business, with tota
suspension Of specie payments.
The Commerce Bank is paying OH
notes, but no specie. The Girard Ban
} is redeeming fves only. The Mort
: Americans and Mechanics Bank are pay
] ing specie and certifying cheeks t
tradesmen, to pay all bills and checks
\ All the banks are certifying checks.
The following banks, pay five dollar
: in specia Manufacturers and Mechan
les, Southwark, Commercial, Philadel
phia. Northern Liberties; the Wester