Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-04-03

!: s''s, Ene v4,fx Aori3 Q. 1895.
~. ~ -. rx<h.,~. NJ
!.
k'''k u'1 efn'p "as ,
1no &xej(enlen3 md almost paraAykea
czIpoek. Cre~ds have thronscd Msin
- = "a sa&hered about tl,s bulletin
"a. 81. 81 800 women have parsded
~ ,-<'-.s :. -. .v~,t.m~nt Net
I. ~ s ~ = ~ $50 1.
~ tuef me kxensnee psnA s'''e~ :
~ ahneunccd that Balm I treshof'
<trp IA Portsmouth,, had suspended,
10, ~. ~x~s<suest increased. Then
~ go ". ssv;urs. which had its do
,r1tes - ~ Exehsnec, closed les doors.
IN brnk 4 ovaed By Mr. John h.
WRii<kesd. president Of the Exchange
n5f1nnI.
3 a. s. y. -. -. rxsr reorUxE.
~. t,sersr N. Balm, Of Balm 4 Bro
49, p.rts@outb. Is cashier Of the Ex-
sksrss Bank. and Mr.. J. g. Balm, Of
- Ssne concern. Is vioc-presidsnt.
For some time past their affairs have
~ ksrn REGARDED Is In good condition.
Il = said that they had real estate as
{ eso<d II e25O. 900. which would not nov
ysalizc shat amount, and the impression
4 hat the troubles Of the Exchange
Rank rrew cut Of Bain 4 Brothers
enbafrsssuents.
Comptroller Orscn Adams came to
nhe city several days. ago, and people
wAo knew Of his presence here were
cutie curious to know what his business
Vas, but nobody feundout until to-day,
when. Inc Exchange Bank was closed
~ his instructions. Indeed. ] have
i a authority that the officers
n IL bank were moving everything
n 10 the last minute to continue bust
nses. and il must be said to their credit
at a. soon Is they found that the sus-
pensicn Of the bank was . mere matter
q time they closed doors Ut once with
tut any sort Of delay.
The bank Is one OF the Oldest IN the
atty and had capital stock OF eSVU,-
go. 1t is . national bank and Is the
DEPOSITORY for United States funds. The
istemsl-revenue funds collected IN TINS
esstrict are deposited IN tn's panA, as
are also custo'n-nouse cciiecs'ohs' Pss''
esnee moneys, &c. !. rs not Anomh
how much money OF TINS character the
bank had on deposit, but the post
eiiice and custom-house here had only
about el, 100 IN the vaults. vi course,
al this IS secured by Government
bonds.
Il can hardly be that the depositors
win lose much, Il anything, OF their
deposits. as the officers oil the bank are
all sound and honorable men, and Mr..
Whitehead alone is said to be worth
e30o, 600.
OTHER RANKS.
II was intimated Yesterday to tn.
ether banks that trouble was brewing,
and they were in a measure prepared
for the shock. All have kept open and
their business going and paid out money
On demand. Ii was understood between
them howevcr that IN case run should
4, made they would avail themselves Of
the sixty-days' privilege. Up to this
hour la ). H., no ..runs " have beer
-sde
Ali things considered. the condition
n things Il better than might be OK.
nscted. as the Exchange National was
s,,,,dsa az tho grand bulwark Of on,
hssr;nc ;rst;tut;ons and has hitbert,
s;dsd succsssfnIlv over every manic
Csnta;n ]. 3. Barry president Of IN,
Bank Of Commerce. says the troubl,
WAS caused by the action of tn,
Comptroller of the Currency Of thu
United States, who ordered the doors
closed "because of large amounts o
discounts allowed by the bank in VIC
lstiop Of the law governing the same. ;
~ feels sure however. that the de
.os;tovs are safe and will not lose ,
ssst
r.r,ser r.rs,eular. OF the Cause or III
rssusae-whas Cashier Balm SAYS.
Especial telegram to the Dispaich.l
NoRro,,x. April Q. 1885.
IA r. understood that the immediat,
..,,ss ~ ths susnens;on Of the Elk
sLsn.s Nss;oosl Bsnk WAS its conuec
s;nr -;sh Rain 4 Brother. Some wear,