The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-11-24
THE FINANCIAL PRESSURE.
A GLOOMY WEEK IN SAVANNAH. r.

SAVANNAH, Nov. 23.-This has been the gloom-
est week in commercial affairs in this city on re-
cord The total sales of cotton only amount to
1874 bales. To-day there were forced sales of ster-
ling bills at 95. There is nothing doing in domes-
tic exchanges. Freight to Liverpool for cotton
taken at 12@l332. Arrived to day ship Milton
and brig Anderson, from Boston, and brig Austria
liza, from Wscassett, Me.
BANK SUSPENSION,
TRENTON, N. j., Nov. 23.-The banks of this city
have suspended specie payment.
THE BOSTON BANKS.
BOsToN, Nov. 23.-The Clearing. house committee
have recommended the banks of this city to dis
count their entire receipts and the adoption of a
system similar to that adopted by the New York
banks.
SUSPENSION OF A CHARLESTON BANK.
CHARLESTON, Nov. 22,-The Farmers and Ex
change Banks suspended to-day.
Heavy Eastern orders for cotton were counter
manded.
GOVERNOR BROWN, OF GEORGIA, OPPOSED TO THE sUs-
PENSION OF THE BANKs-REPoRTED SUSPENSIONS AT
CHARLESTON.
AUGUSTA, Nov. 23.-It is reported in Bank circles
to-day that Governor Brown will veto any law
sanctioning the suspension of the banks unless the
State secedes.
the Charleston banks have suspended. Also that
large cotton house has suspended, name not given
Both reports need confirmation.
NEW YORK CITY.
The Tribune of yesterday says The relief mea-
sures adopted by the banks yesterday have been
received with general favor by the mercantile
world. The panic is considered to be over. Stocks
advanced to per cent. yesterday, and closed
strong. Cotton and Breadstuffs are also better.
From the Ledger Of yestsrdayl
THE PHILADELPHIA SUSPENSION.
! The banks of Philadelphia yesterday resolved to
suspend specie payment. The political troubles of
! the country have precipitated this measure upon
| them and other banks of the Union, at time when
the prospects of the country otherwise were favor
| able. The sectional issues which have been raised
| have destroyed confidence between the North and
| South, suspended trade, produced monetary en-
barrassment, followed nov by suspension of banks.
1t is the fret time in the history of our country
that the choice of President has produced conse-
| quences so wide spread and serious. 1t needs all
the prudence, good sense and wise management of
the country, to arrest the mischief where it is.
The suspension, though it has suddenly
upon the community, seems to be generally regard
ed as necessary in the present condition of affairs.
| How long it will continue will depend probably
| upon the action of the Legislature which meets in
January next. Between now and then the mem
bers will be better advised of the course of action
necessary to pursue, for the movements, politically
which have caused the suspension, will then be
better developed. In 1857, when the last suspen-
sion occurred, the Legislature assembled immed-
ately in extra session and egalized the act of the
| banks for six months. But the same necessity
| for immediate assembling of the Legislature
does not exist. Nobody seems disposed to
press the banks at this time, and all appear to ac
quiesce in the suspension unavoidable meas
| ure, which favorable turn in the political aspect
of affairs may render of only short duration.
CINCINNATI.