New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-11-23
In regard to the suspension of the Virginia Banks


The Richmond Dispatch says:
The political condition ofthe country has produced the worst
effects upon and industry that were aPpenehoo
by those who epdeavoed avert the triumph Of ctionsn ID
the national election Apprehendng this result there had been
evident wanting Of confidence and security among nus
nes and capitalists prior to tue fresldeh mn
event brought and they have produced
nency and such n ha no. osem &
md distra,t proportional intensity to t6e deporabe
Of Their dprs,ion and TO the extremes to which they viii
bring TIE country II for days evident to all
endant upon great commercial revuson aggravated by the
nsure which have produced the present one
poyrsrt. BY the Banks adised by influential The
Perks lad been 70 reduce Their DISCOUNT, 70 degree
ened hold to what they have to meet an apPehended
srre meeting Of merchants manufacturers and others
held in Richmond Nov. 20 1850 H L. Kent appointed
The following resolutions unanimously adopted;
Re.rlr,d A. the sense of this meeting ,.,.-,,.,,,.
country Of the present widePresd aud Increasing financial
he Of d that he the
Con S specie GD I'M s % 9 or
That in order that such suspension of specie payment h,
long enough allow the banks to discount TO an extent
In adequate to The great demand for commercial
That the suspension Of specie payment this day made by
The Fsmers Bank Of Virginia manifss on the part Of It's Pres
idn Directors prompt and intelligent appreciation Of the
present emergency and deserves the commentator Of this com
pup.y,
TIE WASHINGTON States says:
As vet the Of resulting Ia the
pension Of the Richmond Banks unknown here though it
supposed by have arisen from sudden demand for
sossSep frs N e nnSer Of doing business. rarely prepared
for sudden and heavy Of their notes upon them
The Chicago Press Of Tuesday says:
Most of the bankers supplied to-day sparnsy at
q cent exchange Outsiders obliged pay fancy rates
cent ossesf indeed they were ths TO OBTAIN
wide cay 3d Should the weather continue cool the packing
T w6Sd o ph active for Currency
which e. M II Is fortunate that the demand for
exchange comparatively light though Of the close
ie and he high tes for the last FIVE day. make The pSot
would be had purchases gone on as usual God nominal as
there P 'Spy sHs Il y'i sf csS De
useless longer gno the fact painfully evident to every
who Is obliged to bay dan on New forl or hs, oees
gold that Illinois currency Is worth only nom ~
10 90 cents the dollar. , -
Our Bank Commissioner AFTER careful e1sins,iou Of The
hundred banks short and have made call
eeuIes or what would equivalent Withdraw acouesp.nd
Of circulation The whole sum called io less than
ri o. S.s1 iE Of III se % rpond promptly or
hould fail 70 do they would be wound up BY the Auditor
their ts would be redeemed In gold Since the call far
We could Yesterday bankers propose 10 make no dis
eumssnces in 1873 and they expect to do 30 now.
In addition TO the call, are within foyhve days OF the
the the annual interest the bonds
in the bend, the Auditor secuie, VIII be due and these OF
coure will be retained wherever Of the banks short In
bonds but assured by gentleman who has the means 20
know that Of the already In New ors TO
NEE, January interest ard the Balance Is already provided
State
upon all the banks whose bonds at present valuations DO
not in The depre Of the stock market their Issues
those the AID the securities OF which
mainly Missouri bonds without the 10 cent margin required
print M below with the amount under the call required from
each.