The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-11-23

rght direction.
rnsre large sorchisht procession 70 night headed
by club, with notices "CottoD King We
bs brief -hen traitors brave tho asd" "No more
Compromises" &o. Illustrations ana fireworks blaze
along he route the ladies' waving the
windows, while the time Aesrs Kett, Hudson
and otrers, addressed . large crowd in front Of the
CHARLESTON Hotel
SUSPENSION OF THE BANKS OF THE Dis
TRCT OF COLUMBIA.
WASHINGTON, Nov. "a, 1880
me Baltimore banks having suspended specie pay ment
the Warrington banks immec ately followed suit for sell
protection NOT wishing 70 be caught in the trap OF 1857
when they held out week after ,he Baltimore banks
and re brokers Of that city made sortie upon theu
vaults nearly depleted them Of specie rhe currency
here is in confused and unsettled state but city
even Al this period dull that the value Of money
other than gold and silver, oaonos be readily estimated
SUSPENSION OF THE PHILADELPHIA BANKS.
PHuADnPMA, Nov "a, 1880 Q
The action Of the bank Presidents suspendng specie
payments the present exigency generally regarded
with favor by business and the press having bcen
determined precautionary 70 enable BANKS
70 expand their discounts, and preventive TO the
scenes Of panic Of 1851.
An Immediate meeting OF the Legislature Ia suggested,
operation he banking laws and considering the legis
lAiion OF the State the Fugitive Slave isw.
The Bank Of Chester County suspends specie payment
TO morrow AL ,he country banks viii probably tske
the sane oour.e
Financial editors express the opinion that the condition
OF Affairs tnis Afternoon evidence OF heNthy state Of
trade and cheerfnlness among business There
been disooun ing day Than for any day during
the last tvo The banks manifestiog every
disposition accom- nodatc No failures are reported
Quotations for specie unsettled, out may be
from three 70 nvc per cent lne latter small par.
chases
From the P,ilsdelphis 5ulatin, Nov. 221
meeting o. lne Presidents u the banks Pnladel
phis hsd 70 day Al the Farmers ard Me'h.u o.
Bank, a-o after hours deiberaion resolved,
oy . large nsjory, " suspend saecie payments rhe
suspenson cent into eject Al O'Clock Inc saspen.
'on vas determined 90 as precautionary MEASURE 70
enable the nsuks TO expand their discounts and
nusGtss and 70 prevent any of tho wlld
Of 1857 The csuks are strong and abundanty aDlc 70
The prt,ert money crisis differs essentially from that
1851 Then there w. oSing 70 the condition OF CON
OF The Northern cities prosperous,
ad The alarm ~heh has affected he money and stock
soiey caused by tho uucortAlsty Of po-
tcs fuiure arising out Of the mad donrs at the south
the reck Of dcstru North While
regret that should have hcsn thought neoeesry for
of those Of Baltimore wsshis ron and virginia we rr,t
may prove advantageous and bring us sooner 70 .
brighter prospect There has been but little excitement
attending this suspension thus oonasting most angu
larry with The panic Of 1887
BANK SUSPENSIONS IN VIRGINIA.
WHEELING Va, Nov 22, 1880
me banks Of This city suspended specie payment This
morning
Nonpolx, Va Nov. n, 1850
me branches Of tno Virginia Bank 81 Norfolk rorz
mouth have Suspended specie payment
rHp Rank SUSPENSION m VIRGINIA
Prom the Baltimore sun Nov "a
~ ". annonnoeo YESTERDAY tnst sse Farmer Bank o.
tuesday Previous 70 The suspeuson the President and
Board Of Directors Of the Institution held meeting and
adopted The following resolution
prsys o u. .ssDsss o. 'ss s,s money 20. ne .,.s ,ss
eurrs he bSnis a hi. es,y 70 redeem he ruias q As
.ssehs.. lac ,sss Sssr o ~ ,ps,. ss % M,
neBs b. for ,se suspenesd sss that oourse q po
In vev Of this suspension, the merchants manufsrtu.
and busines men generally Of Richmond held Q
large meeting on Tuesday evening, and unanimously
ADOPTED the following rrsoiutoos-
that of unprec~renisd poic~l condition n
hs eeun,ry o ee nres~,s .ids Irss1 and G l1sres.ass
assa' ~. !. he eie.s wsdo. asd pruS-scs SS he
hssss ne 0crmsnw-as suspend specie psvnept une
spls,r s,.s s1. cs,.aaso, aooa ...s . ai...
ana. rssal, ssy ass.rs r-ii I'D Sspsa, % ss ssoss
scu continue ss enough v Alcv The eants 70 dls,oun :,
mercsl ssrru iuI a and rsovai buine-, mcisr
he suspers1Or ~ pAym~ns this
pr.re.ut dr~esoru and iaisx~rt Appreciation
Sne prcseni eSsrrsncy And dessrv0 NE cnmmrndAnon
ihe immunity
II s undevycod ali The braaoh banks Of the Farm.
srs Sank In Virginia have also ocnded. Al The
., Richmond and Pesevyburg Va suspesdcd yesterday.
The Fsrmer' nA1k of Alexandria, Va, had not
p.pced three O'Clock Yesterday aferuon, bot u
suppnsed would DO % On .dvioes from Ricnnood
THE BANK SUSPENSION IN BALTIMORE
Lrr N the Baltimore American, Nov n
meeting OF the Preeisen,s Of the banks Of Baltimore
hsld lAst evening, md aner deberaiins upon the
press ooaditiou Of Adairs, 10 snspend
specis r.ym,nu this mo-nng Tbb annoupoemsnt VIII
be recsived with regret fry the nerc~ity that do
msnds surh but with general sAtisfactioo In
AL quarters The recent monetary pressure has
been mo~t severe From . multitude d cHusna-the
moes promnewt n which undoubsedy the prcacnt
happy ~ political AArs-the question BAt
more. ncr settled vss whether the entire mescanse
com mmunny sbould break, whether there should
be . temporary Suspension of specse paymsnn Our
banks, We told 10 the strongest pssition, and
have hitherto curaed their aoocmmodatou oely for The
purpose cf preparing ior drain upoo then, which might
occur n time rhere real scarcity of mooey,
no real charge the n Substantial securities yet
for the ast tvo three days has been next 70 impc
bic 70 Rotisie loans asy sort Of security vsvy
little addition 70 The burthen, very shoSt selay ths
cownercia interests, whiIs possible coed ~ould have
been secured
In virginia, all the banks Richmond and Pesersbvrs
have suspended
FINANCIAL AFFAIRS IN BOSTON.
Bossor, Nov. n, 1880.
No s~xkrr~ ~~~rn. -. A. a-.~.t>r