0dcc0ccaNone
Click image to open full size in new tab
PHILADELPHIA, MARCH 31, ABROKEN BANK.-We learn this morning, from an authentic source, that the Bridgeport Bank, of Bridgeport, (Conn.) has suspended payment.-There is no doubt of the fact. What the circumstances are,-except the all potent one, a want of funds-we have no means of knowing.
Click image to open full size in new tab
Philadelphia Gazette Office, March 31, 7 P. M. A BROKEN BANK.-We learn this morning, from an authentic source, that the BRIDGEPORT BANK, of Bridgeport (Conn.) has suspended payment.-There is no doubt of the fact. What the circumstances are,-except the all potent one, a want of funds-W have no means of knowing.
Click image to open full size in new tab
THE EXPERIMENT," otherwise called Gen. Jackdon's war upon the credit and currency of the country, (remarks the Hartford Courant,) has at length reached its natural and necessary result. After having ruined thousands of merchants, mechanics and manufacturers, and deprived tens of thousands of laboring people of bread, it has forced the Banks in the city of New-York, to suspend paying specie. That it must come to this, every careful observer of the times must have been long convinced. That the N. Y. banks are generally abundantly able to take up all their notes, we do not doubt: and if the community shall conduct with prudence and moderation, and adopt no rash measures, they will, as soon as the hurricane has passed by, pay every thing they owe. But there is no apology on the part of Gen. Jackson, or his assistants and advisers, for plunging an industrious, wealthy, and prosperous country, into such a distressing and ruinous condition, as this now IS. General Jackson's attack on the Bank of the United States, which was unquestionably a vindictive measure, is at the bottom of the difficulties now experienced and the subsequent dabbling with the pecuniary concerns of the country, was intended to carry into full effect his original warfare against that institution. He has left the field to a successor, who stands pledged to tread in his footsteps," but who will find his hands full before he gets through. We hope the people will learn wisdom from experience, and rid themselves of such incumbrances, as soon as the constitution and laws will admit. On Friday last, Mr. Anson Hubbard, of Plymouth, shot a Black Eagle, which measured between the extremities of the wings T feet 8 inches the length of the body from the bill to the end of the tail was 26 inches-being the largest of the kind ever killed in this part of the country.-Com. BRIDGEPORT BANK.-The New-Haven Herald of Monday evening last, says-" A report has been current here since Saturday that the Bridgeport Bank had stopped payment, and was in the hands of the Sheriff. We understand its bills have been refused by the Banks in this city." Report of the Bank Committee.-The Committee appointed by the last Legislature to examine into the condition of the Banks of this State, during the recess of the Legislature, made their Report on Tuesday morning. It was a long and elaborate document.The Committee, which consisted of the State Treasurer, the Commissioner of the School Fund, and the Controller, have the fullest confidence in the solvency of the Banks. It is a fortunate circumstance, just at this crisis of agitation and distrust, that a Committee appointed by the Legislature, with the most ample powers-after a thorough scrutiny, and examination of the Officers and books of the Banks, have come to such a result. If such evidence does not satisfy the public that the Banks are safe, we know not what would be the use of farther proot. After motions had been made, without success, for printing 5000-4000-3000 copies for the use of the members, a motion prevailed to print 2000 copies.The voluminous documents attending the Report, were referred to the Committee on Banks. Appended to the Report was a Bill recommended to be passed into a public act, containing provisions for the farther security of the public, and the better regulation of Banks. One of the provisions is that a Bank Commissioner, (or Commissioners, we are not certain which) be appointed by the Legislature, to be paid by the Banks.-Connecticut Observer.