, 1861-12-20


There has been for some days past moderate
draln ior gold on the banks. nearly al Of pru-
Dental almost sufficient to Al. absorb the receipts
bank managers thut their deposits be considered
Special. and payable in coin at any time.
Thsr Ts f IN ne! I'll r re-
general discussion. both in and out OF bank par
leIs, Of the question Of q general suspension
Of sPsee By shs banks The
orally conceded, and the question was whether it
should take place with full or empty vaults. The
discussion eliminated to-day in q meeting Of the
bank officers at the American Exchange Bank,
which was very fully attended. The views Of both
parties we're nired, aud those for continuance OF
pses fat for a he o aS it he he
vaults there Ias 10 excuse 70 offer to The country.
to the Government, and to Europe for an inmedf-
sts W nP e gea hppd hpdaiS See
shipped to Europe, and until the Hnancial budget
Of the country for the coming rear had been di:
Resolution we're introduced by Moses Taylor of
the City Bank, and adopted with few dissenting
voices.
agitated in regard to-the financial course to be
pursued By the Banks and the United States Cor
ernment. which has led to q premature discussion
a., an examination of the condition Of he specie
in the country has resulted in the belief that we
NOW hold eighty millions OF bullion more than we
AGlQ }GEl aHQ. u WHICH q 4otI P1UpAfllQu IL IL
the Banks; and srdzrsds. exports OF cereals and
provisions have go far exceeded those OF former
years. that, notwithstanding the loss OF the cotton
crop, our exports far exceed our fmportations,
and there is no demand for foreign exchange to
=! wa1rant considerable shipments Of coin; and
fcheTf1s. the pending difference with Great Brit
| ain will probably prove to be capable OF diplo
uatlc solution through the ordinary channels OF b.
arbitration and fears on this score premature
in the position Of the loans to the Government ti
cause uneasiness, and the entire srrears due upu1
| them from the banks Of this city. considerable
part OF which is to be reimbursed, do not exceet
$3l, ,aF Coz. provided the Secretary in his drafts
| therefor will consult their wishes. which may bt
| expected from him from motives Of interest ant
poicy. ne well az from his promises; and h7eere1s
Independently Of all these Considerations, it Is no
! cnlJ unbecozning. but bad faith. tet hduc!a..
| agents to refuse The Just demands OF depositors
nnlees for clear cause md manifest necessity, an
national considerations rendering it impossible t
comply with al engagements. can ever 1ustH
such refuasl: therefore
Rss@red, Tint the New York Banks. with assn
RANGES from representatives Of banks In bosto
and Philadelphia of their cooperation. Sec no res
| eon, Justification or necessity for suspension {
| specie payments under the existing state ol thei
| relations with the banks Of this country, the I'm
| ted States Government, and Europe Relvtue
| therefore, confidently on the harmonious action
t the Government, on the continued confidence
| PIE, they will maintain specie payments.
/ Resolctions were also passed asking the See[
tary of the Treasury to reimburse the bauks- L
the remainder Of the hrst fifty millions Of 7s9 pe
cent. Treasury Notes sold to the public