Republican vindicator. [volume] (Staunton, Va.) 1849-1857, 1857-10-03
THE MONEY CRISIS.
Partial SUSPENSION.

THE MONEY CRISIS.
Partial Suspension.
ALEXANDRIA. Sept. 2S.--The Banks of
this city are determined not to allow great
run upon their vaults. While they have
not announced a suspension, they are still
only paying small sums
The Feeling In Nortolh.
NORFOLK, Sept. % Some feeling is
manifested here in regard to the suspension
of the Baltimore Banks. So far our Banks
are all rectus a, c,na'e.
Fotd Suspension Of tie Washington Baashs.
WASHINGTON, Sept. 2s.-The Bank of
the Metropolis paid out about S65, 000 in
specie on Saturday, but were obliged to
suspend totally to-day
Whe Bank Of Washington and the patri-
otto Bank have followed the example of the
Bank of the Metropolis.
A heavy run is being made on all the
Bankers Virginia notes are at discount
of i've per cent uncurrent money is who'll
ly unstable; and business is paralyzed.
Money Matters IN PHILADELPHIA.
PHILADELPHIA, Sept 2S.-The Banks of
this city commenced to-day by repetition
of the course pursued Saturday l'he Gil
rard is paying Elves only. The Mechanics
and Southwark all The Bank of North
America suspended about ] o'clock, and
the suspension Wal probably become gencr-
ell
Money Matters Q. K. IN Norfolk.
NORFOLK, Sept. IS, ?. M.-There
have been no suspensions here and all is
quiet. No apprehensions of run from a.
broad are entertained by the Banks of this
city, and they feel secure.
Finances IN Aew York, AaJa,y, Etc.
New YoRE, Sept 2S.-Money stringent.
Banks firm Very heavy failures repor-
ted.
Advises from ALBANY mention run on
the Savings Department Of that city by de-
positors. No pressure elsewhere, and bill
holders there are quite confident
The Metropolitan, Republic, Merchants
Bank of New York, Mechanics, American
Exchange, Union and Phoenix Baaks, have
issued Circulars, assuring the public of their
ability and determination to maintain spc-
Gle basis. Also expressing the opinion,
that the tendency of specie and produce to
that point will soon enable the Banks to re-
liege the pressure now prevailing.
Later from New YORK..
NEw York, Sept. 2S.--Exchange on
Philadelphia is selling at 10 per cent, dis
count.
The usual weekly Bank Statement of this
city shows a reduction Of loans and a strong
specie column.
Rates on the streets for money, in some
cases, reach six per cent per mouth.
All Confuston--Importont Rumor.
PHILADELPHIA, Sept. IS, 5 P. M.-An
is confusion, but there is little excitement.
1t rumored on the streets that the Governor
refuses to issue his proclamation for a spc-
cial session of the Legislature, unless the
Bank Of Pennsylvania is put upoa the same
footing with others, and her notes received
on deposit She now pays out her own
notes for checks.
Boakiay Matters at Wilmington
WILMINGTON, n. c., Sept, 2S.-No ex-
element here. The Banks are perfectly
sound, and will continue as heretofore for
the present, but their future action viii be
governed by the course of neighbors.
Fiaanciot Matters IN Massachusetts,.
BosroN, Sept. 28.-The Suffolk Bank
refuses to redeem the notes of the New En-
gland county Banks.
TIE Baltimore Bgnks
BALTIMORE, Sept. 2S.-There is no ma
terial change to note in monetary AFFAIRS
The Banks in some instances are rcdeem-
ing tivcs as an accommodation Specie
commands from seven to ten per cent. pre-
MUM when given for Baltimore funds.
Washington Banks.
WAsHrNGroN, Sept. 2S.-The Washing
ton Merchants take the notes of the city at
par. There is no fixed charge for Virgin
ia notes.
.uore Suspensions.
PnovlpESeE, r. l., Sept. 2a.-Thc
banks here have resolved to suspend -
Their liabilities to the public is not more
than one-quarter of their capital
Tie Reason Of 7Neir Rgusal.
Bosroy, Sept 2S.-The reason the Suf-
folk Bank did not honor the notes Of coun-
try Banks, was the want of sufficient
force of clerks to make change. The coun-
try Banks are we'll protected, and retain the
public confidence.
Heary Failure IN Ncw York.
New YoRK, Sept 2S,-Messrs. Abbott,
Dodge & Co., large Southern Flour
House, has suspended,
There is no truth in private dispatches
affecting Messrs. Clark, Dodge & Co, and
Messrs Phelps, Dodge & Co, bankers.
Tie BQnh Of M'deuetorw, Pa.
PHILADELPHIA, Sept. 29-The Directors
of the Bank of Middletown, Pa, indiyidu-
ally pledge their private fortunes for the
redemption of all the notes of that Bank in
circulation
Hon. Simon Cameron, President Of the
Board, is very wealthy
1 The PRiludeiphtn Banks