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On Saturday last, the Chester Valley National Bank of Coatesville suspended. It is understood that this movement was influenced mainly through the suspension of the First National Bank of Philadelphia, in which it had considerable deposits. Parties supposed to be acquainted with the situation of the bank, give it as the'r opinion that the suspension will be but of tem porary duration.
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BANK SUSPEND.-On Saturday last the Chester Valley National Bank of Coatesville suspended. . We understand that this movement was influenced mainly through the stispension.of thbi First National Bank of Philadelphia, in which it had considerable deposits. Parties supposed to be acquainted with the situation of the bank, give it as their opinion that the suspension will be but of temporary 141 Technisto duration."
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West Chester. FINANCIAL MATTERS-TH COMING AGRICULTURAL EXHIBITION. [ special Correspondence of the Commercial.) WEST o REBIER, Sept. 29. The financial panic which has caused 80 much excitement in the principal cities as well as the country in general, has not as yet influenced our banks here, though it appears the crisis which has almost subsided in the main money centres is about to take place. A rumor is current to-day that the National Bank of Chester Valley, Coatesville, had suspended payment. This caused considerable u leasiness among the monied men, and if correct may influence the banking institutions of this borough. In consequence of the financial situation, our most extensive manufacturing firm. Messrs. Hoopes. Bro. & Darlington, proprietors of the Vest Chester Spoke Works. commenced a new regulation to-day. They reduced the number of working hours to nine, and it 18 said they will stop operations on Saturday until the panic has subsided. The annual exbibition of the Chester county Agricultural Society will continue this season four days October, 8th 9th 10th and 11th and from the present prospects will be one of the best fairs ever held in Cheeter County. Several fast trotters have been entered for the contest of speed, while the exhibition of stock and the productions of the farm and garden promise to be very excellent. $ 3000 is offered in preminms. A novel feaure of this falls fair will be a grand trial of agricultural machinery, which is to take place Thursday, the second day of the fair. commercing at 10 o'clock. This will give farmers wishing to purchase agricultural implements, and being in doubt as to what kind is best, an opportunity of viewing the vari us kinds at work. No premium will be granted to any implement performing imperfect work though there is no competition. Considerable dissatisfaction exists as to the price of admittance, which three years ago was raised from twenty-five to fifty cents. The consequence of this state of affairs is that many farmers and their families who used to attend the annual exhibitions have ceased coming, and a very sensible falling off in the number of visitors is observant. The increased rate of admittance was adopted to better the finances of the Association and a rival Agricultural Society was organized in 0 the borough of Oxford, situated in the lower portion of the county, which for the past three years has been unexpectedly successful. doubtless owing to the old and popular price twenty fivecents causing an extension of their grounds to accomB modate the throng of visitors.