, 1866-04-11
The Recent Failures.

potitt 10 considerable amount Wero Withdrawn
rom the eanktnE hon:es Of Abrs@ ks,nes s aud p:
Renaemen was Que5ttoned by auf well informed
person, no seroas trouble Was apprehended. But
S R bad com s 'oa o s s
nj. kaznes was unfortunately taken By
suIpti,e- md afteE psylnE ont nearly $50.0 .00u,
ss
but lit1e paper for a lopg time past, and his re-
sou1ccs w.re at hand in currency and greenbacks,
lion. 1be crowd. which ,hsosged his otflcc were
kcmrwbnt treasured upon witnessing tho spectacle
OF abou, fs00G0 piled upon his connsera ready for
ever Seiose Zen in angle mass. Not s lev s. s..
can to Be ashamed OF thels apprshenston-, but
o,hers eon'd moi be ear.sned without actually
Day Mr. poaer, old out no. isE M ron tsoooo, and Ind
received neatly $4u GOO In new depo,ts. He il I'm.
p,5 prera.ed ios The emergency. Ar. vanDate, Of
aeli1e1ed i Il Nj foNe.e about
HH, In the forenoon. In fact all the banks arr
sevsDg are = , n tas ssss
have yet incurred the suspicion Of panic stlck-
depoettorr md nore of them aeas the eonseqnen-
ees o. ,hond q Gns DC Ell ~ =,
hrtef dutalou. Tic has not made IN assignment,
and does not Intend to make one. His stoupace
sas ssnsed y sy ask ot s ssasas5 to meet S he a.
cer q will probably be supplled In ths oonrse OF
DAY Of two: It was reported last night on good
suihor1iy that his banking house viii te reopened
this morning. He may not perhaps, be able 10 pay
all dtpo-t.o1 to-day, out ~e are confident thas the
delay will not er'ena beyond The carly part OF pert
week. Ar. kanes tshiliues afr not large. and bis
securities aIe Understood to be moro Than ample.
From the n. y. Evening Post. 9Th lns'.l
Tue panic and general ldlsa5r1nzcmento Of business
among inc national banks IN the Pennsylyaosa on
regions has dnas'{ induced he Treasury Depart
ton, to Investigate thetE condition md report In
medte,e]y. Nj. Kennedy goes armed with authos,-
~ to act summArtly and un]ess The suspected In.
siifnlions can make satisfactory e1hiblts their
.ayr arc numbered. The draits drawn By c1tver.
Penn i 70. bJ The F1zst National Rank Of south
lend, !nalaua Ti!l bo paid ~ ,ae Aessasq.., r.
ucnal Bank Of New York vii pay those drawn by the
ti1s1 National Of 1,tuss11'e. Among the bank
e
pad rp &api'a1 of $50 U0 End $too,0 10 IN honda
dtpnti'ea with The Treasurer Of the United ssztee
YET received none Of tts bills II has notes scued
u State bank out, however, to the extent oi
sa.D,ND, The fenauEo coun1y Bank Of franklin
potittd, upon which II has received $ssoo0 Of ns;
tlnna1 currency. and also has *looVO o. ~ o!e
>tale i..uea % standing. The Petroleum Bank o
tlopal baLk, but It bad deyes. deposited anl
rondr or received certificate Of autho1t.
S sntts sna s5sus = sof 81 e:RE f.
'tional Bank, Of Lawrence County, u SsTr4st!e
bas = capitai Of $50 tO0 and aboul $lo0.u00 OF III
old po>er out. TIE Oil C7'y i'ank has eapitn
Of sluO,0 with nrarlJ lis null quota OF Nations
" omp,ons E4on,r gives the following quota
| 'tiouA for the noles OF these hanks:
Oil tlty Bank. Ull Guy, renn-, rs per cent did
Hank Of Crawford County, peun, o. per cent di,
Vep.neo Bank. Franklin, Penn, 10 per ceus di,
Petroleum Bank, T,utvtDe. Penn, 10 per eeu
| dIscounl-
From tho Pi.ison1gh Commercial, 9Th tnsi.I
rem m se ee bs,d q on nj TkaIsd:y :, Meadvie, fenn
| resolutions were pasred .unaulmo1sly. expreseln
confidence In the abliity snd integrity Of The at|
ind m e1tenriop granted Of slr, twelve, eiehtee'
| ano twenty -ious month";. The committee sppointc.
TO report On the bctf policy TO be pussued snomii
iencc In the integrity md nnancisl ability Of Cul
1er, Fem Co., and arc satisfied that they can re
nom Their aseet. more than any & s "a a
creditors OF Culver, Penn & Co. enter lnto 1ecA
scrc nent for their release nrom their assignment
t,Ppas Y p sas as's Il a!e
eighteen and twenty y-iour n,onths.
Ii is stated BY the rn,lsdeiphia !Sfses thatth
t,anr csn sesersI hnks. we're also holding sarehous
and tank receipts for aoout three hundred thou
taDd barrel. o! petroleum. and II Is iaf to suppos
Winch that article IS row cold thai it w1ll not pa
morr lhau ope-half the snms advanced upon It, j
gentleman who reached the city few Gays stne
Iy ie rfp.frntcd and that the town OF franklin ha
relapted nearly into ite wonted qnlctudt-
From the New York journal Of Commerce, Il
mt
We .rc7et 10 learn thai Me%tt. Beatty Brother
+ Co. three eshm.ble young men OF tne eat,
famiIy} have betn Obliged to suspend under patntt
circumstances. They we're eneaEed IN the e. t.
11sde, and but four months Ego they hah clet
capital OF least 9pe , nu9asse e ,.ed nnn
who has been engaged In speculation. had lnonef
ttm 10 sdxancc their papeE on bills ot eals Of shiE
ard eher e 1o esess ous-au
! fhg obligations, i.sued In tbt Wa3 OF refnhr 9ue
nass. hut have Issued two hundred and my tho
.npd dollars Of theaE paper TOT the purpose A. A.
pfOperty OF othe1 member OF the family is .aid
be involved IN the fame catastrophe, Mhen eSu
rathy IL felt for these gentlemen, who are thns :
l nrfsepted n mose tlnned hEalnst than F1umn
We irust this development viii serve rs Udraii
! to slj 1bose who arc tempted, not TO take sing
| siep onlrlde Of thetrle.fhmatc business. Near
al mercantile ditarters come IRON nseach OF u
tofe TuIe. =
fFfcna the New York Journal OF Commercc.]
| The run upon thrte private banking firms OF b.
standing conyey- a hint to pa1,ies In that branch
thaf ;be q
eet upon deposits msy have driven bankeIs 70 e
boy sher finds IN enterprises unanly rtsky. Nor
htcras, ,he salu Of which has .naered heavy sh.lz
are during The fall IN gold: and in tnt
case.. Il l. quiae probable that The bankess b.
found It aieglt t9 get rom borrowers A. ipc1e, nc
Of the Koehe:ter hanks. bJ Euu, they won!s =
it very difficult 10 neef ihe demands OF Their &C
tore. II II rot the part Of prudence TO Keep
and 10 have the tecrr1tIes on Outstanding loans
fustfd 10 the present and prospective ranse
3 values,