Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1857-09-28
RANK ~ ITEMENT.

escaped, but subsequently, drowned himself 10
gether with his family.
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BANK EN- ITEAIENT.
PrrrsBuRGH Sept 2s-The excitement rela-
tive to the Banks is subSitling. This morning
the Mechanics Bank suspended specie payment
on all notes.
[sEcoSD nisPATcE1
Although the Pittsburgh Banks have sus-
pended, at n meeting of the Executive otfivers OF
the Banks, to day, they adopted resolutions
that temporary suspension of payment of specie
was necessary to protect business men, enabling
the Banks to discount local paper and exchange.
| That the Cashiers of the respective Banks, are
pre-emptOrily instructed by the Board, to re
snme when similar action is adopted by the
Eastern Banks. Excitement nearly subsidized.
PHILADELPHIA, Sept 2S.-It is understood
that the Governor will issue n proclamation to-
morrow, calling the Legislature together on the
Bank suspensions
SECOND DISPATCH
There is no concert of action amOng the Banks.
They commenced paying five dollar bills, but
II O'clock the bank Of North America, which
previously redeemed all notes, suspended specie
payment. The same course will now become
universal. The Philadelphia Bank suspended
specie payment, but redeemed checks with
notes.
PnILADELrulA,S Sept 28-Thc Governor has moi
decided about the proclamation. Much ill-feel-
! ing between the banks.
ALEXANDRIA, VA, Sept 2s.-Thc Banks are
paying out small sums of specie only.
WASHINGTON, Sept! GA notice posted on
the bank of the Metropolis, says that the panic
created by the suspension of other banks, hav.
ing caused much larger demand fol specie than
was anticipated, that institution is under the
painful necessity of suspending specie payments
for the present. The trustees remarked that
they will make every exertion to resume, and
that the bank paid out $685. 900 on Saturday
The Bank of Washington and Patriotic Bank,
which paid only small sums on Saturday, have
not altogether suspended. The Savings Banks
pay eitlle' in City Bank or Virginia money, and
demand the six days notice from depositors.--
Virginia money is ut a.discount of D. per cent,
and the tendency is still downward Business
nearly paralized. Money unsaleablc,
BosToN, Sept. 2s,-Jcwctt Co., publishers
of this city, have suspended. Their liabilities
are 100000.
BosroS, Sept. 2s-Thc Suffolk Bank refuses
to redeem the bills of the New England county
Banks.
NEW York, Sept. 2s.-The rumored failures
of Clark, Dodge & Co. and Phelps, Dodge g. Co.
is entirely false. Exchange on Philadelphia ten
per cent per month. The assignment of the
Ohio Trust Co. is expected. President Stctsom
returns to Cincinnati tomorrow to procure a
stay of proceedings The Metropolitan, Re-
pubic and Merchants Bank of New York, Me
chanics American, Exchange, Union and Ph9-
nix Banks have issued circulars assuring the
public of their ability and determination TO sus-
tain specie basis for their circulation, and ex-
pressing an opinion that the tendency Of specie
and produce to this point will soon relieve the
Banks of the present pressure.
NORFOLK, Va, Sept. 2S.-Some feeling is
manifested here about the Baltimore and Phila-
dolphin suspensions, but the Banks, so far, have
remained firm.
C1xoISNAT1, Sept. 28.-The excitement con-
segment upon the continued unfavorable advices
from the east paralized business, and the atten'
ton of business men is entirely turned from
the ordinary rotine, to the absorbing question of
the latest news from thee ast. The banking hons-
es continue to quote New York exchange at par,
but only small amounts can be purchased at this
rate, sums of 5000 and upwards cannot be
bought at less than figc per cent premium. No
paper can be negotiated, SO that it is useless 10
give Quotations.
Tie paper of an Iron House and Shoe d
Leather house, went to protest. and j. B. Holmes
manufacture, has made an assignment. None
OF them are insolyent however.
j. j. Anderson & Co., and Dandy & Banks
dale, Bankers of St Louis, have suspended.
The Nashville Bank OF Nashyill, Tenn, has
suspended.
New Yonk, Sept. 2s.-The money market is
very stringent but banks remain firm in their
position. Some very heavy failures are report.
ed here
Advices from Albany mention run on the
Savings department
RlcnMoxD, Sept. 2s-The banks are paying
specie, and it is generally believed that they
have determined 10 go on. There is no run as
Both of the Stnunton banks, tine Central
Bank, and the Bank of the Valley have all sus
AL