Cleveland morning leader. [volume] (Cleveland [Ohio]) 1854-1865, 1860-11-22
LIST OF BANKS UPoE WHICH m CALL Is MADE.

OF these not nj will respond 10 the call
aud our city bankers knowing the condition
Of each, have agreed 70 throw out the notel
Of the following banks to-day.
LIST OF BANKS THE NOTES or WHICH ARR
Thrown OuT.
American Exchange Bank,
Bank of Aurora
Bank Of the Commonwealth
Bank OF Raleigh,
Corn Exchange Bank,
National Bank,
State Bank of Illinois.
Of course, so decided a step as this will
create much excitement among the holders OF
these notes, and many, fearing a still further
depreciation, will make Taste 70 get rid oil
what they have on hand at any rate which
they may be offered. Our advice to all is
not to be p~recipitate. The vlue of the re-
jected bills is not determined. 1t will huctu-
ate from day to day with the rise and TALL Of
the stock market. II the political troubles Of
b eday are ~surmounted, before lifetime comes
for closing these banks up, their notes will
again be 1t par. In any event. they havei in
trinsic worth and in every case it will be
wiser, where the necessities of the holder do
not compel him to realize TO hold On and
wait the progress of events.
It is believed hat every bank named in the
list save The seven, viii make good its secu-
rites and 90 on without trouble. AT the
present, the seventy banks not embraced in
this call, are solvent and we have reason to
believe that whatever may happen their notes
will be kept good. They are secured by
bonds not yet much depreciated-mainiy
those of the State Of Illinois and the United
States-and they have ten per cent margins
that is an excess of securities over circula-
tiOn-which entities them to the continued
confidence of the public. On the rejected
notes the people who hold them must charge
the losses to that little State Of South Caro-
lima, whose threats Of secession are at the
bottom of all this trouble.-CAicago Tribune,
goth.
In addition to the above, the Tribune has
an article upon he banks Of that State, which
is of much interest and value. Il advises all
to keep cool and keep their temper. It IS
hard to be obliged to pay five to ten per cent.
for exchange, but this is better than not get
ting it at all. No panic will ensue if the hol-
ders of western money will exercise their
good sense in the present crisis. The call is
made upon the above, to be responded to
within tbirty-fve days, to put up additional
securities, or, what is equivalent to withdraw
that amount of circulation, the entire sum
called for being less than $500, 600. The
coupons for the semi-anupaf interest on the
bonds in the hands of the Auditor viii be
due in forty-fye days, and these will be re-
tanned wherever the banks are short in their
margins. Many of the banks are secured by
Missouri stocks, and the assurance is given
that already th~ree-fOurths of the money ne
cessary for the payment Of the interest due in
January is inEew York, andthe balance will
be there in good time. The Tribune says
eve see no cause, therefore, for any anxiety
or alarm in regard to the currency of Illinois"
A strong belief is expressed that the Wiscon
sin banks win keep their currency good, and
that, although Illinois and Wisconsin cuTren-
cy may be- for alfew weeks, worth only from
to ninety-fve cents, yet it viii pas
freely in the payment Of debts, ss in 1857
'5s, and that exchange will soon be again DC
low two per cent G
N.#a