The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1860-11-28

ttheir capital, p.o rata, upon the eAiiof Com
mittee Messrs. John A. Stephens, Moses Tay-
Tor and Thomas TillotsOn, were appointed such
Committee. The business OF the transmission
Of the bills, &c, is to be conducted BY the
Bank Of Commerce, br the joint account Of
the banks interested. Il Was also further re-
solved that the banks represented will. during
the present week. expand 70 the extent Of Eve
per cent beyond their receipts, and they recon-
mend the same course to the other Banks Of
the city.
NEw YoRK, Nov. 20.
The Bank Committees have already purcha-
ied s700OOO worth Of the stirling bills They
will continue in session daily until the entire
I 81 $4,000 is taken. Regular drawers sold to-
day At I04@IO6. The banks discounted large
ly to-day but outside paper has been nearly un-
salesble. A rumor that the Metropolitan bank
is about to stop the Redemption Of State and
Eastern currency is without the slightest iOun-
4 dation. Discount on uncurrent money about
as follows: Illinois and Wisconsin l2al5; iowa
and North Carolina S; Virginia 8; South Caro-
lima and interior of Alabama 10; Mobile s. New
! Orleans 3; Ohio Indiana and kentucky Ia a
ing; Maryland and Pennsylvania 81 al; Balti-
more y. rs1i' Zoa F'A' -
-H4l HARRIsRURGH, Pa, Nov. 90.
The Commissioners Of the sinking fund to-
day opened the bids for the sale OF the $780,
! 600 loan ond allotted she whole sum to Chas.
McAllister, the lowest bidder, at 90 97-1oorer
cent. @ . T " a' .H'.l
ID faT tra. z 4isgC CHICAGO, Nov 10.
Our bankers to. morrow throw out the notes
of the following banks: American Exchange
Bauk, State Bank Shaw neetown; Bank of the
Commonwealth; Bank Of Raleigh; Corn Ex-
change Bank, National Bank; Bunk OF Aurora.
igrsi sr11Eai sd 'i21 NEw YoRK, Nov. 21.
Thompson Bros. state that the currency pan
! ic to-day has been equal to that Of 1857. They
quote all bills South OF Washington 2o@25 per
cent. discount; Illinois and Wisconsin 10 dis
Ieount; Maryland and Pennsylvania l6o2; Ohio,
Indiana, Kentucky and Canada so 5; New York
State and New England - The Post says
the Presidents ofthe leading banks are discuss
ing project for relieving the community by is
suing scrip based on bills receivable Of U. 4.
stocks and other approved eollaterals to pass in
liquidation Of bills 10 each other the scrip to
bear per cent. interest The banks thus hope
to be soon ina position to meet the wants OF
their deslePs An expansion in loans of sever
al millions is looked for this week. ''.
PEILADELHHIA, Nov. 90.
The brokers Of this city refuse to take the
notes Of the Bank Of Commerce, at Erie, and
the Pittston bank.
..........- ..,. . BALTIMORE, Nov. q. q,
The Bank Presidents Of this city held
meeting this afternoon and resolved to suspend
specie payments tomorrow morning.
New York. Nov. %.
The association Of Banks yesterday agreed
to issue certificates oideposit in denominations
of 5000 and $4,000 bearing per cent in
terest, and based on bills receivable, United
States stocks, Treasury notes, or stocks Of the
State of New York; sald certificates not to ex-
ceed $5,Oo0.O0O and to be used in thr settle.
ment Of balances at the clearing house for thir.
ty days, and to be received by creditor Banks
daily in the same proportion as they bear to
the aggregate amount Of the debtor balances
paid at the clearing house. .ga#
They also resolved that the specie in all the
Banks, amounting to about twenty millions OF
dellars, be treated as common funds for mutual
aid and protection, in view of liberal expansion.
A lso, that after the first Of February next, ey-
cry bank in the association shall have on hand
at all times an amount Of specie equal to one
fourth Of its nett liabilities, and any bank fall
ing below that proportion shall not make loans
or discounts until its position is re established.
Nh .......e WAsHISGroN, Nov, 22. --
The District OF Columbia Banks suspended
spee,e payments to-day. There is no panic e.
..,s-. .,s,,-.., PHILADELPHIA, Nov. %, ,.
The Bank Presidents met at noon to-day to
consider the proprety Of suspension. r'
+ gs8s aHa aliar 3D., WHEELISG, Nov. %. ID.
4 The Banks in this city suspended specie pay.
3 ment this morning Taey are in undoubted
condition, and will redeem their notes in good
currency. 10 bsnln2 E.eo'gm"r 7bfa''f s''7'
4 .aarrl7a 2ai u l'e. sas BosTox, Nov. 90.
|, No serious results have attended the finan'
0 ciai pressure and remittances from the hottes
r part Of the South con tinue to come in as usual
/. The statements Of reputation by Southern
o creditors are untrue so far as this city is con
ccrned. Should the emergency require it, tn,
: Directors Of all the Boston Banks propose t,
l. discount to the amount Of five million dollars
!. which wiifspeedily make money easy in thi
Y, city. 'Es'4' '.'7 ''. ~ 1895 ,,
= NORFOLK, Va. Nov. %,
+ The branches OF the Virginia Bank at Nor
y tolk and Portsmouth have suspended specie
}. payment The Farmers Bank of Norfolk has
: also suspended.
e --re New YORK, Nov. %.
y The measures adopted Wednesday by tn
: associated banks, for relieving the finaucia
: pressure, meets universal approval. .8 rr ta
The banks, creditors are satisfied, and, con
seaueptlyrc rcalls for specie are few. ETop1 rm
Currency is still fuctuating, and closing rate
- ~ r RI. ~