The Davenport daily gazette. [volume] (Davenport, Iowa) 1856-1869, 1857-10-01

Tse ftasaetsl Crtss. 81 the Eass and

Tse Ftaassssl Cvsss. 81 the Eass ana
south.
NasavIILr, TrsN. Sept. -.
The Bank u Nashville suspended this
morning. A meeting of the merchants re
commended the mon, Planters, and state
Banks to suspend bui the, refused Sew
eral Tree hanks arr thrown aut To- day.
Confidence is felt that the bank u Nash
vile will pa, and have large surplus.
PniLaDrlriA, sept. -.
bank Affairs are settling on th. low specie
basis. The Banks are preparing to i-.ue
small notes The Pcnsy wanna bank notes
are io be received NJ the other hanks 10
| morrow.
Believing that the interests of the COM
munity and the State will be .nl,servesi
thereby, the presidents of the hanks have
agreed to restore the hank of Pensylsap,a
to l,ss~ati"n nj the clearing house, and fa re-
isisr its m,i.s and discount literally for
their customer. Had this been done s.s,n.
er there would have been M SUSPENSION
SI. Lofts, sept. -.
IL, Banking houses of Darby 4 Bsrks
dale and J. J. Anderson 4 Co, suspended
this morning
Bogy, Miltenberger a Co, bankers, closed
Carsl- signed by large number u the
weaithiest citizens are published, guaran-
tecing fLe solvencs II Lucas L Co. and
ken,ck a Peterson, and assuring depeeltors
of tie safety u their deposits.
The public mind y very unsettled and
there y general run ON the brokers. The
bank stand firm and are dlscounting lbcr-
ally
PRoyIDLsGI, Sept. p.
1Ls. hanks oi Providence has. resolved 4,
suspend sp~eie payments. The liabilities II
the hai,ks arr nst over - per cent III their
capital
Nla foKs. sept -.
r ! b. weekly bank statement shows the
following result decrease In l.an-, S9s2,
90 decrease In specie, $50 90 decrease
~ deposits, ssS33 90 decrease IN circula
ton s255.Op.
PirfssuKe, sept. -.
All the hanks oi this city with the ea-
oept,on of the pittsbarg have suspended,
bat Will resume when similar action -
adopted by Eastern banks.
TRESTos, \. J., sept -
The Burn. gton, Cumberland and selain
banks arr reported o. have suspended.
1h. last Jersey hank, including the
Trenton are more Immediately effected
Business complain that IL none 81 our banks
discount, IL will ssrioniy effect them.
lO OoloeA r. NJ. R.roRr.
-. Lofts, sept. -.
The bankers in this city ulon whom runs
were made this morning, freely anil prompt
~ met all checks, confidence j. restored.
The exsitment is almost entirely subsidized.
The immediate cause Of suspension of Bagy,
Miltcnbcrger 4 Co, was the non-arrival of
coin in tranSitn. The probabilities are that
they will reopen Tomorrow.
The assets Of Anderson 4 Co and Darby
q Barksdale, largely excesi~d their liabiii-
ties. Tho presumption 10 they will resume
In very short time.
PHILADELPHIA, Sept. 50.
The City and Southwark Banks are pay
ing specie on their small notes notwith-
standing their agreement II yesterday.
They are recissing the notes of other hanks
in deposit, excepting the Pennsylvania.
Nsw fosx, Sept. %
A meeting II hank Presidents took place
st , o'clock this T.. NJ. Alter q consulta-
tion il was agreed to recommend Ail CITY
banks ~ extend their discount line three
per cent during the coming week. This in
the aggregate will AMOUNT 10 over three
million dollars. Forty out VI the fifty five
hanks were represented At the meeting.
GEoaGETowx, d. e. %.
The Bank of Commerce, Georretown.
which continued u redeem its issue In me.
che, has come into m arangsnsnt with the
District banks, and saseended npecie pay
al - a.
clsanics' hank in Gcorgctown has alao sus-
pended.
SoRsoLg, Va. Sept. %.
All the hanks here continue firm.