Article Text
From the Boston Morning Post. # NEWS FROM BOSTON. The deposite banks in New York were forced into the suspension of specie payments by the combination of Whig banks against them. They at first refused compliance, and did not come into the arrangement until the day after the other banks had agreed upon it; but were obliged, finally, to yield to the strength arrayed against them. The stoppage of the New York Banks compelled all the New England banks to follow suit, and thus commenced the flame which is consuming the credit of the whole country. By such deception as this, the Van Buren party is sustain-ed. The first Bank in the U. States which suspended specie payment was a Pet Bank in Natchez (Miss.) The first movement upon the New York Banks was made by the Bank Commissioners upon the Banks at Buffalo. The first run upon the New York City Banks was made by small bill holders upon the Mechanic's (a Pet) Bank. The first bank that suspended specie payment in New York City was the Dry Dock (a Pet) Bank, and the first Bank that discredited its notes was a (Van Buren) President of another Pet Bank. The first meeting called for the suspension of specie payments was held in a Pet Bank, the State Bank, and Cornelius W. Lawrence, an Ex-Mayor presided over it. The Whig merchants were the last to discredit the Banks. They made no run upon them, and did not, to any extent, withdraw their deposites. The run was made by men whom Benton and the Globe have taught to believe in the "yellow boys" and "the silken purses with gold peeping out."-Ex-press.
