The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-10-01

on it's notes. Il received specie from New
York last night, and represents that they
have more IN their vaults than the amount
Of bills, and they are certifying checks.
The Commercial, Manufacturers and Me-
chanics', and Philadelphia, are paying for
fyes
The Farmers and Mechanics are paying
specie for tens.
Tho North Liberty and Western pay spe-
Gle for fves in casos Of necessity.
The Bank Of Pennsylvania Township OF
the city and consolidation pay nothing on
banks except Girard certified checks.
The Girard has entirely Suspended iDssi-
ness.
some Of the hanks will receive no dcp~s.
is.
The Board Of Brokers passed a resolu-
ton this morning 10 the effect that all set
Elements in the purchase Of stock may be
made by certified checks on any Of the city
banks current on the day Of settlement,
The South Ward Bank pays specie for
all liz bills.
The Bank OF Kcnsington for liycs only.
A private dispatch says that the banks in
Reading, Lancaster, and I'ittsburg, have
suspended.
PniLADELruiA. sept. &c, +. ~
4 meeting Of the Presidents Of Banks
WA held this afternoon. II is reported that
for want Of concert Of action, they adjourn
G without arriving at any determination.
II was thought they would determine on
bil suspension as practiced by some Of the
f5a1iks ,5ray; Sat '*shtn' was TOT gs6ss, u,
account Of the North America, Mechanics
and some Of the other Banks receiving a
supply Of specie.
There was also meeting Of the Cashiers
Of The various Banks but that action il not
yet known.
1t is understood application will he made
10 the Governor for call Of an extra ses-
rion Of the Legislature, with view Of al.
iording relief 10 the bankers from the pc
nalty OF forfeiture Of charter imposed by
the law Of 1850, Several Of the banks,
however, are not acting with this law in
Gliding the Pennsylvania Farmers and Me
chanics and Philadelphia and Western.
Plrrspuaa. Sept. &c.
There IL no concert Of action among the
banks Of Pittsburg. in regard to future
policy. All Of them continue TO pay coin
Tor small demands. The Merchants and
Manufacturers Exchange Bank. and Citi-
ncns' Bank, arr paying small demands made
by laborcrs, operatives and others, but re
fuse the demands Of banks and brokers
The Bank Of Pittsburg has resolved 10 pay
IN full.
Although the suspension OF tho Banks,
temporarily, will operate TO some extent
disastrously Ia private bankers, there can be
very little doub, but |, is the only line Of
policy to bc adopted 10 prevent an utter
proslration Of all the bank, in the State,
and the most disastrous consequences la all
commercial business,
The banks OF Pennsylvania which have
suspended, are among the soundts, in the
state, and have always done legitimate
banking business They have all their cap
ital stock pail IN, AMI have large assets
over their liabilities A. soon as the cx.
element subsidies. they Will, without doubt.
resume but in the meantime. business
must remain vt u stand.
But Pennsylvania IL not alone other
states are following and the possibility now
l.. that ,hroughou, tn. East there will b, a
suspension of specie payments for short
time. AMI until the excitement subsidies
aud dcpostor &c, TO understand that their
funds, by making " runs " upon the banks
are tending most ci'cvtually 10 their own in
Jury We quote further from he telegraph.
L. accounts
Wns.Ll>G, Sept 70,
AZ a meeting Of the citizens OF this city.
this evening It WAS unanimously resolved.
that the iiauh ot the city bc requested To
suspend specie payment, until the business
interests Of the community would Justify u
resumption.
The action was taken IN consequence OF
the heavy run that has been made upon the
Banks hy foreign Brokers The Banks are
abuudantly able to mc,t their liabilities.
BALrrAoss. sept %
All il que, about tho Banks now. 4
large number 81 brokers arrived here this \,
VI. The Banks arc now paving the checks
OF dcpositors here and ndccming notes. A
meeting Of thc Presidents will he held at
10 o'clock, when 1t i. thought they will ,us-
pend payment IN all sums over ten dollars.
No excitement.
Seco>p ptsrArCu.--Thr President al all
the City Banks had M ting this \. ", and
RESOLVED 10 suspend payment The susIrn-
sion ia total
The issue OF shin pla>tcrs is talked Of and
may bc r,'stonI 10.
W WASHINGTON. Sept. %
The Bank NJ Washington has suspended
,pccic payment on everything eNcep, hvcs
ard small checks.
The Patriotic Bank has susIsni,,l specie
paymcn,s. cxcep, ON ivcs and small checks
The Rank Of the Metropolis has also