Richmond daily Whig. [volume] (Richmond, Va.) 1842-1861, 1860-11-26
THE PIsANCIAL CRISIS.

At meeting OF the New York "Board OF Currency"
Thursday evening" the mee appointed for the purpose pre-
report the condition sa.rs OF the
try, from which the following:
currency country = cond-
ton more stable Notwithstanding the Inherent ~ cts Of
banking the novs%es. Of the oaeis Of The uni!sd STATES
and uniformity hl increase Of circulation and depot
mere. and specie upwards OF $50
which nearly w;e as much As they hell a. Anv time phr 10
They tina, occupy podon engh security
sln which douSy f5rn By favorable balance
muse Be- ia psr By specie W. s us sSsns.
thu Of TIE peclou, metals Instead ospong them to
EurOpe ssheroo we shall TO- some months at least be reev
them tn These receipts 'sshet WITH the usual three
millions month nom CALIFORNIA; viii be likely 20 give the
Banks This city reserve 900 by the lat OF Feb
raary. ,.,,-,,
state srpgs money market has existed 10 ths
so your Committee believed 70 have been caused
s,her BY un zond than by deeney Of capita. or
ughnss OF trade The last three yea have bsen yeas OF
been lager than be ORE they price,
far above tbs average Toe natural have been al n;rese
veath gsowing and large
so nes sn 70 hsn 81 b suh az moi snsar @
tended being equal that OF the Northern
while their inmsda liabilities are such les, In rd
the chi Guilty there has been rapid increase Of wealth and
business wihou, corresponding increase In KEEP the
machinery 81 tale In uoa. Such dfuss always
temporary and harmless although the we're
some What through Injury
and o,her they would douor have d'appearei
With the s shipments OF the present cotton crop but for the
lii,sl already referred to.
The New York Counter and Enquirer, money article
OF Friday, says:
return Of credit confidence chief pre-
s.eosn fiisy such paper as hey taking before the
sent crisis deal W be done toward, rebuilding the credit
OF and Ong the confidence VIII oh has
lost Bus banks to 10 hr discrimination Ct
and those Of any s o. ;r1ie or for rS,son; de
heir absolute sovency great deal Of harm will and
p niu crop Of failures be IN; coosequen The condition
the country the- own paio peculiarly favorable for ex
which the ereomsance1 Of tho
.os Of urge to eTpsndo supply the merchants VIII
IN. meAn Of maintaining the. cres and the cmmu.
nifty the daoger when hreiten aud themselves from
the Second Board after announcement suspension
Of Phsd-s Bsnis the market assumed brm tone,
IONS 81 ,ns a.rnps - ne s,S y. "a Nv" yo,s ~
m have TO expand largely else share the either
which II supposed stocks vouli mmed atey rise
TITS suppos the Of the soog rally this srnocn,
s rs ace there hardly anyhns very
TIA. the banks city have c'mpellsd to SUSPEND
iex days ave the mere supers re
pressed he market three per rent today snd
the addition 10 /. Of saota er city hti caused rise
o. tsis city Will Ike We knos tina:
mpost; tel what day m'y ring forth but We In ugs
hspe II banks r'ei to suspend they will not do
unl they paid heen OF hs twenty millions they
hold There no orega dsmsnd for eop run that could be
DAYS would die oct Of Itself before the third and all
had been vlthirawn returned with nurh mora also lets.
De snGSn that ss ali sIou. % Dc
nts1d 10 lie down Ike tbs Philadelphia
uS an vii 20 lar sns s.aS on as s
ho aid there be symptoms OF wsveng attempts TO de-
part the poll Of expansi the public will settle The ques-
ton In very short time
The New York Express of Friday P. ~, says:
The Stock shows general improvement and steady
no inc sOn to operate large scale The margin for an sd
vansein 1867 upon York Ceorathe backbone Of the mar
nuvers are shrewd enough IT, with caution The
OF INST Western stoefs, Of which than
in 1851 and II Lot probable that they will rash fan
full rate,
me discounts a. bank this morning h.y. up,n tn. ms.
be SCALE and will be fsu, OF ney does mol
speedily 10 lower rats The oenss