Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-09-30
l. A Il f. 5 T n X w S
financial Matters.

Washington, sept. IS.
4 notice posted on the bank oi the Ne
tropoli- -ays the panic created ty su-rei-
sion ut other banks having caused much lar
yer demand for species than was anticipated
t',at in .ti,ution is under the painful nee"ss'-
~ Of -uspending specie payment Tor 'he
present Th,. trustees refnark that they
viii make every exeriion To resume. HE
bank paid out sd5, 900 on saturday.
III, Bank Of Washington and Patriotic
Bank which ps;d only small sums on Sat
urday. 'have now altogether suspended
Tie sayings Bank pay either in City Banks
or IN Va. ino,.ev, and demand the SIX days
notice from aegosi,ors va money is at
lj,ro,,u, of :, I,er et and the tendency Is
sill downward Business IS nearly paral-
we'd. and uncur,cut money ur-aleatle.
Boston, sept. IS.
Ne..r- Icw,.'t Il Co. pubisher-, of this
ri,v l,y. ,a.pen,lcl Their liabilities are
.looooo.
Alexanlra, Va, -.
III. banks here are paying out small
sums oi lecie oif.y
PHILADELPHIA, sept. o.
Ihore Is still no c ,ncert OF action among
tire bank. Ihey commenced paying -
.1,i- i'm, II y. NJ. the North American Bank
which previously redeemed al notes, sus
lehdcd -peeio pa nents, aid The same
ro,lrse viii nov l., me universal. The
PHILADELPHIA Bank suspended specie pay
,t.n,. l,ut redeemed checks with notes OF
o,hcr banks following this course.
Cincinnati. sept. 2s.
Excitement consequent upon continued
unl..vor.ble uayiccs from the East paral-
~. h,l.ii.e.. and attention OF business men
i entirely tarecd from the ordinary Routine
10th, All absorbing question oithe latest
n..w- from the last Banking Houses con
uulict, qGote y Y Exchange al par but
ot,t, small sums can te purchased al tins
rate. sums ot S5.uuD and upwards cannot
h.. bounh, a, les than } per cent. premium.
No PAPER can be negotiated 50 that II Is
a,eless 10 gave quotations.
The paper o M iron and shoe and
leather house went topr"tcst, and i. llolns
uiaItaiacturer, has made an assignment. not
one Of them however. are ln-olveuf. ). !.
>a,ler-ou d 60. aud barely Il Baaksdnle,
Eaukct-. of Il Louis, have suspended
Nashville Bank Of Nashville. Tenn, has a /
- suspended
New York sept -.
Rnmorcd failure of Ciark Dodge * Go
ami Phelps, podgc@ 60, arr entirely un
true
Exchange Oh Philadelphia per cent
Rat, for lion,y oil thr street, in some case
a.N I.cr cent. rer month.
ASSIGNMENT of the Ohio Trust Co. Is un
eXlrcttd. President Ntets"n returns L
Cincinnati Ia morrow. to procure a stay o
proceedings
Thr Metropolitan. Republic, Merchants
bank ot y. Y. Mechanic, American tx
change. Union. and Phunix banks, have Is
,aed circulars. assuring the public OF thei
ability and determination to MAINTAIN
i, specie basis for their circulation, and "'
press the opinion that the tendency "i -p'
cc aud produce to this point. will 500
: relieve the banks "l tho present prsssnr"
G Norfolk. sept 2s
!" Some feeling Is manifested here about II
u Baltimore aud rhi'alel ,hia suspensions, III
+ th, banks - lar have remained firm.
K Eichmond Va. sept. Is.
i The bank o.. paying out specie, and
i. generally believed that they have dete
i mined 10 20 on There i 10 run as yt
e Both the stanton Banks. the Central al
le Bank Of the Valley have suspended.
i Philadelphia sept 2s
The 60, ernor has not decided betwc
Banks, and there i pressure for and ag"iT
calling special session.
: Boston. sept IS.
he The suffolk Bank refuses to redeem bl
10 OF New England country.