18697. Banks of Harrisburg (Harrisburg, PA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
September 26, 1857
Location
Harrisburg, Pennsylvania (40.276, -76.885)

Metadata

Model
gpt-5-mini
Short Digest
0e429d68

Response Measures

None

Description

Multiple articles (dated around Sept 26–30, 1857) report that the banks of Harrisburg suspended specie payments as part of the wider Panic of 1857. The references are to the banks of the place collectively rather than a single chartered institution, and no article describes a distinct depositor run on Harrisburg banks or a permanent closure; suspension appears to be temporary in the context of the reporting. Classified as suspension_reopening (suspension tied to macro/systemic panic).

Events (1)
1. September 26, 1857 Suspension
Cause
Macro News
Cause Details
Part of the widespread Panic of 1857 and the suspension cascade following Philadelphia and Baltimore banks' suspensions; banks suspended specie payments collectively to stem pressure.
Newspaper Excerpt
HARRISBURG, Sept. 26 - The banks of this place, Pittsburg, Lancaster, York and Reading have all suspended specie payments.
Source
newspapers

Newspaper Articles (9)
1. September 27, 1857 The New York Herald New York, NY
Article from The New York Herald, September 27, 1857

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There were rumors aflont during the early part of the day, which we had confirmed by a bank officer at a later hour, of the suspension of Messrs. Garner & Uo., the largest domestic commission house in the city. Messrs. Garner & Co. wereso widely known asone of the wealthiest dry goods firms in the country that we haveserious apprehensions or the effect of their sudden and unexpected inability to meet their engagements. The rumor is that their liabilities, which amount to between two and three million of dol lars, are nearly all to fall due within sixty days, and find ing it impos ible in the present panic to make arrange. ments to go through, they have wisely concluded to ask for time. There are various reports afloat as to the as sets of the house, running up from five to seven million of dollars, but no one will doubt for a moment their ability to pay every dollar they owe and have an immense surplus. No man in America has understood cotton mills so thoroughly, or has turned his knowledge to such advantage in accumulating a fortune as Thomas Garner, with the exception, perhaps, of Mr. Sprague, of Providence, who died at an advanced age one months since, leaving, it issaid, six or seven milli of dollars. In England the large cotton manufacturers, or cotion lords as they are called, are the richest class of men in the land, and their destiny in this country is exempli fied in the career of Mr. Sprague and Mr. Garner. In re gard to this suspension we have no doubt from our know. leige of the position of the house that it will only be tem porary, and we earnestly hope that the thousands of poor men who are dependent upon them for their daily bread may not be thrown out of employment. At the recond board to-day there was a very small busi ness, and all the sales were for cash. Cieveland and Pittsburg declined 1 per cent; ailwaukie and Mississippi, 3½. There were no buyers in Lne street, while every one WABIed to sell. Very few have the disposition and a less number the means to purchase stocks at any price. We understand that about $250,000 in specie went on from this city last nightto Philadelphia, to fortify the banks there, but It was of no avail. The accounts from Philadelphia and Baltimore are just what we expected. A general suspension of specie paymen 8 must be the result of the present temporizing policy. Public confidence has been destroyed, and all banks not suspended will be drawn down to the last dollar. It will be seen by telegraphic despatches under the proper head, that the Baltimore banks have suspended in a body. The suspension is total. The alarm has spread, and suspensions have taken place in Washington, Pitisburg, Reading, Har. risburg and Lancaster. It must become general throughout Pennaylvania, Maryland and the entire West It may not extend any further South than Virginia and Kentucky, but the probability is that the banks of these States are within the whirlpoel of speculation. Beyond that, to the South, all is undoubtedly safe. or the failure of the Yates County Bank in this State, the Pen Yan Chronicle remarks:An event more unlooked for by the people generally could scarcely have bappened This bank and alood 80 long with an unternished credit that It was believed to be equal even to the trying e nergen Yes of the present revol S.O.D in mone-ary affaire. A reselver has be n appointed, or soon will be, and the assets of the bank will be ap lied to the redemption of the bills. Wha: per centage will be paid It is impossible for us to guess. Dorbtless the capital has been 10 a good degree im aired Of sourse there 18 nurelief for the depositors notil the bills are Hquidated. Wishout attempting to palliate anything we will simuly say that Judge William M Oliver, who has osen the chief manager of the Yates County Bank, has long been a useful and bonored citizen of Pen Yan It will be wise to induige him with all the harity and forbearance that the circumstan or will allow. This failure must 14. evilably exert a very injurious effect upon the business in terests of this community The Philadelphia Daily News says:We understand that the Reading Railroad Company last week discharged about three hundred leands from the workshops of the company at Reading and Richmond, and me are informed to-day that he Montour Iron Company, who have extensive works at Duev have deler mined to pay off their hands and closs the rolling will for the present. This will throw out of employmentsome two thousand men, and with heir is eilies at least six thousand people will thus be deprived of the means of support. These, added to the number of persons losing employ.

2. September 28, 1857 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, September 28, 1857

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BY TELEGRAPH. BALTIMORE, Sept. 26.-There is a total suspension of business on 'Change to-day. The merchants seem to be gratified with the suspension. Money on Mie street, which yesterday commanded 21/2 per cent, has fallen to-day to one per cent. The Baltimore and Ohio Railroad stock has advanced $5 per sbare. PITTSBURG, Sept. 26.-The Banks of this city have this morning suspended specie payments. The excitement, in consequence, is very great. HARRISBURG, Sept. 26 - The banks of this place, Pittsburg, Lancaster, York and Reading have all suspended specie payments. We have no accounts from other places, but the suspension will undoubtedly be general. NEW YORK, t. 26, 2, P. M.-The - following circular from the nks has been issued: "In consequence of the suspension of specie payments by the Philadelphia Banks, notice is hereby given that all collections for account of dealers, at this bank, maturing out of the city of New York, will, at the option of the dealer, immediately expressed, be either recalled, or if paid, be subject to drafts of this bank payable in funds current at the point of said payment.

3. September 30, 1857 Edgefield Advertiser Edgefield, SC
Article from Edgefield Advertiser, September 30, 1857

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MONETARY PANIC-BANK SUSPENSIONS. AUGUSTA, September 26, 1857. The excitement in Philadelphia continues. Bank of Pennsylvania is paying no specie. She Mechanics' Bank is redeeming its tens, andican Girard Bank its fives, but refused checks. Sost of the others are taking checks. The Savings Institutions require two week's notice before paying checks. A meeting of the Presidents of the Banks in Bakimore resolved on a total suspension of all specie payments. The news of the Philadelphia suspension on reaching Baltimore caused additional excitement among the Banks there. The radesmen's Bank pays everything so also does the North American. The Penn, Township and Consolidation Banks have totally suspended. They all pay certified checks except the Girard. Some receive no deposits. The following Banks are paying fives: Commercial, Philadelphia, and Manufacturers': and the Merchants', Farmer's and Mechanic's pay specie for tens. Also, the Northern Liberties and Western pay specie for fives in cases of necessity. The Bank of the Metropolis at Washington is firm and pays all demands. The Patriotic and Washington Banks pay only fives and small checks, but there is every confidence in their ability and integrity. BALTIMORE, Sept. 26, 1857. Money was lower .on the streets to-day, and railroad shares had advanced. The Savings' Banks are firm; but all others totally suspended at ten o'clock this forenoon. The merchants appear satisfied. PHILADELPHIA, Sept, 26, 1857. The banks of Pittsburg. Harrisburg, Reading and Laneaster have suspended payment. NEW YORK, September 26. A circular issued by the Banks to-day, savs that all collections maturing out of the city, will be either recalled or be subject to drafts on Banks payable in funds, current at point of payment. All the Banks are strong, no signs of suspension. BOSTON, Sept, 26, 1857. There was great excitement here to-day in consequence of the advices from Philadelphia : but the banks having made large additions to their specie, remain firm. All the New England banks are able to stand the pressure. BOSTON, September 26. Mr. Lovejoy, an extensive clothier in this city failed to-day. BALTIMORE, Sept. 26. A.meeting of the Presidents of all the Banks took place this morning, and they resolved upon a total suspension of specie payments. DOUBTFUL Rumons.-The Houston (Texas) Telegraph, of the 11th inst., savs that there is a painful rumor there, brought from Montgomery, and which there was credited, to the effect that in a dispute a few days since, in Rusk, Cherokee county, L. D. Evans, late member of Congress, and killed L. T. Wigfal, Senator in the inture from Harrison county; L. D. Schoolhisq. of Huntsville, then killed Evans: man. name not given, then killed Schooland the inst was killed by still another, us tour violent deaths in the melee. The the Telegraph, is hard to believe, int endorsing it, we tell it as it was in us. The same runior has been published in an Arkansas paper, but neither that nor the Houston Telegraph publishes it upon reliable authority. It has the semblance of those wonderful strange rumors. which sometimes fly through the conntrv without any one to acknowledge who set it off. Another unrouched rumor comes from the St. Joseph's Jourael of the 10th. which states that a report reached that city on the 9th. that General Jim Lane, of Kansas, had been shot and killed in a fight at Lawrence, a few days before. REPORTED SAFETY or CAPTAIN HERNDON AND OTHERS.-A telegraphic despatch from Savannah was received in Washington on Saturday, and announced from the pulpit by the Rev. Mr. Cummins, stating that it is highly probable that Capt. Herndon and a number of others had been picked up by a vessel name unknown. The passengers by the Marine think that there are some hopes of Captain Herndon's safety, as several vessels' lights were seen at it distance on the fatal night, and ke was seen struggling with the waves after the ship went down.

4. September 30, 1857 Democrat and Sentinel Ebensburg, PA
Article from Democrat and Sentinel, September 30, 1857

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The Monetary Crisis. The Philsdelphia Enquirer" of Saturday last says: Yesterday was a day of extraordinary excitement in this city. Soon after the opening of the doors of the Bank of Pennsylvania, it was deemed expedient to close them. Immediately the intelligence spread with the greatest possible celerity, and crowds soon assembled in Second and Third streets. and indeed in the neighbôrhood of all our leading monetary institutions. All sorts of speculations were indulged, and many extravagant reports were circulated. The effect was, to produce a run upon the banks generally for specie All of them. except the Bank of Pennsylvania, paid out, either in whole or in part, until three o'clock, the usual hour of closing. Meanwhile the Presidents of the Banks assembled in council at one o'clock, and after disucssing the condition of affairs, adjourned to meet again at four o'clock. During the day, the specie that was withdrawn from the various institutions, amounted to something like a MILLION AND HALF OF DOLLARS. There was however little or no confusion or disorder, atd those who made their demands, did so in a cheerful and good-natured spirit. At 4 o'clock. the Presidents of the Banks rs-assembled, and renewed their disussion of the condition of affairs. They eat. for nearly two hours, when views pro and con were given, all in a frank and kindly spirit-the object expressed on all hands being to pursue the course best caleulated to protect and assist the community. A resolution was finally adopted, and with entire, unanimity, RECOMMENDING A TEMTORARY SUSPENSIOM OF SPECIE PAYMENTS BY ALL THE BANKS OF PHILADELPHIA. Depositors. note-holders, and stockholders, need not feel the least alarm. The banks have been exerting themselves to the utmost for the last fortnight, to sustain themsolves, and most of them would still be able to pay their entire circulation and deposit, but in doing so, they would be compelled to withhold all assistanoe from their customers, and thus, in fact, to cripple the community and retard the general prosperity. They have perferred the policy of temporary suspension, and in this we think they have acted wisely. It appears by Philadciphia papers received this morning, that the excitement still continues, and the banks are censured for want of concert of action. The Pittsburg Banks, with the exception of the Bank of Pittsburg." have suspended. All the Banks of Baltimore, the Harrisburg, York and Reading Banks have also suspended specie payment. The New York City and New England Banks, with the exception of those of Providence, Rhode Island. still remain open and seem determined to bear up against the pressure. In another column will be found the Proclamation of the Governor, calling an extra session of the Legislature. We are not well enough posted to hazard an opinion with regard to propriety or impropriety of the measure. The members of the Legislature during the extra session, will receive only three dollars per day aud mileage.

5. September 30, 1857 Semi-Weekly Standard Raleigh, NC
Article from Semi-Weekly Standard, September 30, 1857

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The path of the Democratic party, from the days of Jefferson until now, is strewn with the wrecks of apostates and traitors. It is so because it is a party which subordidates men to principles and as long as it does this it willbe invincible. Our friend of the Wilmingt n Journal has some excellent observations touching these things, which We copy below in full. Our friend may have heard more or seen more in this respect than we have. We have much confidence in his judgment, and we have seldom found his sagacity at fault. We join him in his earnest desire to keep the Democratic party on the high ground of principle, and to protect it from the "ambition of seekers" and the rage of disappointed aspirants." And we must all unite in doing this. The old party must be preserved intact. No selfish aspirations" in any quarter, if indeed such aspirations exist, should be allowed to disturb its harmony or interrupt its progress. Principles must not be sacrificed to men. The Journal's article is as follows: " AMBITIOUS ASPIRANTS-DEMOCRATIC STRENGTH. There is no greater evidence of the strength and vitality inherent in the body of the Democratic party strength and vitality which it owes to its princi ples-than its power of maintaining itself in spite of the elements of discord which are constantly presenting themselves through the machinations of ambitions aspirants. It is the party of the country. It holds possession of the great avenues of preferment. On every crisis of danger and difficulty, the country instinctively leans upon it, and is not disappointed. It is not perfect-nothing human is-but it is on the right tract. It follows the right direction, and its errors, whenever they are committed, are those of details and not of principle. But that, like the Church itself, its influence and power may occasionally be seized upon by the wiley and ambitions, by the selfish and designing, for the promotion of their own objects, there can, unfortu nately, be no doubt. This is not the fault of Democracy. It is the fault of human nature, feeble and imperfect as that is. It is one of the painful results of experience that we are too apt to attribute every movement to some motive different from the ostensible one, and it is still more painful to know that our suspicions are frequently correct. What is such an one after What does he want? are among the questions that suggest themselves to our mind, hen we mark the course or listen to the protestations of those seeking prominence in any way. We naturally look the milk in the cocoa-nut," for it is sure to be there, at least in nine cases out of ten. We have seen the difficulties, we have marked the defeats which this constant selfish aspiration has brought upon the Democratic party. Indeed it would not be a very arduous task to show that all our defeats have been due to this cause-that the ambition of seekers-the rage of disappointed aspirants has done us all the injury we have ever sustained. Even now, in Virginia, the harmony of the party is disturbed by the squabbles of individuals. All the newspaper war there, is traceable to personal rivalry-to people who want things for themselves. It is too much the same elsewhere throughout the Union. We watch these movements, we see these squabbles. We are at no loss how to account for the milk in the cocoa-nut. The Democratic party gains ground. It is right, and must gain ground, on its own merits. It gains it in spite of the machinations of half of these squabbling leaders. Its own inherent force carries it on, and carries a heap of burthens with it. We are at times puzzled by the apparently crosspurposes and tortuous movements of politicians.Having ourselves no ulterior ends in view -asking for no office-bowing for no plunder, receiving no favours and few courtesies from the powers that be, we look on calmly, to see what will turn up. It be. comes a study for us-a matter of interest, like the unravelment of a mysterious story. Like an old novel reader, we begin to be rather expert in anticipating the denoument, and take a sort of pleasure in seeing it worked out. The greater strength of the Democratic party draws to it a greater number of aspirants, who watch the turnings and chances, than seek the ranks of any other organizations. But its inherent strength is greater, either to carry the weight or throw it off when it becomes unbearable. It will survive all the aspirants that are arising now to trouble its peace with their squabbles-whet they will survive the manifestations of its awakened wrath is another question." BANK SUSPENSIONS AND FAILURES. Bank Suspensions in Philadelpnia. ADELPHIA, Sept, 26.-The excitement in this city continues. The Bank of Pennsylvania is paying no specie. The Mechanics' Bank is redeeming its tens. The Girard Bank is redeeming its fives, but refuses to pay checks. Most of the other Banks are taking checks. The Savings Institutions require two weeks notice before paying checks. [SECOND DESPATCH] PHILADELPHIA, Sept. 26.-The newsof the suspension of the Baltimore Banks has caused additional excitement. The Tradesmen's Bank pays everything, also the North American. The following Banks pay fives: Commercial, Philadelphia, Manufactures' and Mechanic's, Farmer's, Farmer's and Mechanics.Specie is paid for tens of the Northern Liberties and Western fives in cases of necessity. The Pennsylvania Towsship and Consolidation Banks have totally suspended all payment of certified checks except on the Girard Bank. Some Banks will receive no deposits. More Bank Suspensions. PHILADELPHIA, Sept. 26.-The Banks of Pittsburg Harrisburg, Lancaster and Reading have all suspended. Bank Suspensions in Baltimore. BALTIMORE, Sept. 26.-A meeting of the Presidents of the Banks was held to day. They resolved on a suspension of all specie payments. There has been no run on the Savings Banks.The merchants appear to be gratified with the suspension. Money on the street, which yesterday brought two and a half. has now declined to one per ct. Shares of the Baltimore and Onio Railway Com pany have risen five dollars. The Washington City Banks. W ASHINGTON, Sept. 26.-The Bank of Washington is paying specie only for $5 notes and small checks. The others continue as usual. [SECOND DESPATCH.] WASHINGTON, Sept. The suspension by the Bank of Washington is only partial. The Bank of the Metrono full

6. October 1, 1857 Bradford Reporter Towanda, PA
Article from Bradford Reporter, October 1, 1857

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THE FINANCIAL CRISIS. The present pressure in monetary affairs reached its climax last week, when very unexpectedly, the Bank of Pennsylvania determined, after a short run, upon suspending specie payments, and its example was necessarily followed by the other Philadelphia Banks, some of them holding out for a few days, but finally succumbing to the pressure in justice to themselves and their customers. The suspension is not, however, total, for the Banks, most of them, continue to pay specie for tens and fives, and to pay checks in their own and the notes of other banks. The announcement of this step produced the greatest astonishment and excitement throughout the country. The Banks of Harrisburg, Reading, Lancaster and Pittsburg, upon its receipt, suspended specie payments, though otherwise conducting their business as formerly. In Baltimore, Washington and Wheeling, a similar course has been pursued. In New York the suspension of the banks is not expected.In New Jersey. they continue to pay specie, and the New England banks are said to be in no danger. The Pennsylvania banks generally will undoubtedly follow the example of Philadelphia, and partially and temporarily suspend. By so doing, most of them forfeit their charters.— Gov. POLLOCK was in Philadelphia on Monday, and a strong effort was made to persuade him to call an extra session of the Legislature for the purpose of relieving the banks from the penalty of their suspension, and to provide measures for their ultimate resumption. At our latest accounts the Governor had not concluded to call an extra Session. We trust he will not put the Commonwealth to that expense. for the purpose of transacting business which will not suffer from postponement until the usual time for the meeting of the Legislature. In regard to the bills of the Philadelphia and State banks, we hardly know how to advise our readers. The brokers themselves are as yet unable to fix any rate of discount, and do not buy. Our belief is that the suspension is a prudential measure, which was inevitable, and will do much towards bringing about a better state of public feeling. That it will be temporary, there can be no question, especially if the banks north and east of Pennsylvania, are not affected.

7. October 2, 1857 Wilmington Journal Wilmington, NC
Article from Wilmington Journal, October 2, 1857

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More Bank Suspensions. Philadelphia, Sept. 26.-The Banks of Pittsburg Harrisburg, Lancaster and Reading have fall suspended.

8. October 3, 1857 Sunbury American Sunbury, PA
Article from Sunbury American, October 3, 1857

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resumption at an early day. There has been a considerable amount of deposits in. the Patriotic and Washington Banks since their suspension. SUBPENSION OF THE PITTSBURG BANKS. PITTSBURG, Sept: 26.-There is no concert of action am Sigst the banks of this city in regard to their future policy. All continue to pay coin on small demands. The Merchants' and Manufacturer's Exchange, and Citizens' Banks are paying small demands made by laborers, operators, and others, but refusing the demands of banks and brokers. The Bank of Pittsburg has resolved to pay in full. FURTHER SUSPENSION OF COUNTRY BANKS. HARRISBURG, Sept. 26.-The banks of this place, Lancaster, York end Reading have all suspended specie payments. THE TRENTON BANKS. TRENLON, Sept. 26.-There has been a steady. moderate run upon all our banks, each having paid out about $8000 in specie. They are in good condition, and will probably weather the storm. THE VIRGINIA BANKS. RICHMOND, Va., Sept. 26.-No bank suspensions have occurred here yet. There has been much excitement occasioned by the news of the bank crises at the North. AFFAIRS AT CINCINNATI. CIRCINNATI, Sept. 26.-The Ohio Life and Trust Co. has made an assignment. Rates of exchange are nominal. Sight drafts on New York cannot be bought for less than 5 per cent. premium. No failures-have occurred, and our-merchants stand firm. PITTSBURGH, Sept. 28.-The Bank excitement in this city is subsiding. The Mechanics' Bank suspended payment this morning. Business was completely paralyzed during the day. PITTSBURGH, Sept. 28.-Evening.-All the Banks of this city, excepting the Pittsburgh Bank have suspended. At a meeting of the executive officers of the Banks to-day. resolutions were adopted, expressing the opinion that the suspension of the payment of coin, is necessary to protect the business men, in enabling the Banks to continue to discount local paper and exchange and peremptorily instructing the Cashiers of the respective Banks, to resume payment of specie, when similar action has been adopted by the Eastern Banks. The excitement produced by the panic, has nearly subsided. WASHINGTON. Sept. 28-A notice posted on the Bank of the Metropolis says that the panic created by the suspension of other banks having caused a much Targer demand for specie than was anticipated. that institution is under the painful necessity of suspending specie payments for the present. The trustees remark that they will make every exertion to resume. The bank paid out $65,000 on Saturday. The Bank of Washington and the Patriotic Bank which paid out small sums on Saturday, have now altogether suspended. The Savings Banks pay either in city banks or Virginia money, and demand the six days' notice from depositors. Virginia money is h at's discount of 5 per cent., and the tendency is, still downward. Business is nearly paralysed and uncurrent money is upsálable. BOSTON, Sept. 28.-The Suffolk Bank refused to redeem the bills of the country New England Banks for individuals, for the alleged reason that the amount presented was greater than the clerks could attend to. The deposn its of country money sent from other Banks are promptly redeemed. The country Banks generally are well protected, and will retain the public confidence. CINCINNATI, Sept. 28.-The excitement in consequence of the unfavorable advices (rom the East has paralyzed business in this city. New York exchange is quoted at par, but only small smounts will be purchased at this b rate. The paper of an iron house and a shoe and g leather house has been protested. J. B. Holmes, manufacturer, has assigned. al n NASHVILLE, Sept, 18.-The Bank of Nushville suspended this morning. At a meeting of merchants which was held to-day, it: was recommended to the Directors of the Union. Planters', and State Banks to suspend also, d but they refused. Several "free" Banks were thrown out today. Confidence is felt that the Bank of Nashville will pay, and have a large surplus. PROVIDENCE, R. I., Sept. 28.-The banks of this city have resolved to suspend specie payments. Their liabilities to the public are not over one-quarter of their capital. PROVIDENCE, Sept. 28.-An injunction on the Hopkinton Bank has been obtained.

9. October 3, 1857 The Weekly Minnesotian Saint Paul, MN
Article from The Weekly Minnesotian, October 3, 1857

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lieved that come from the East. The market, however, remained firm, and there is no sign of weakness from any one of our banks. The advices from Boston, received at noon, were as unexpected as they were cheering. Our banks have passed the crisis, and the market closed with a quieter feeling. There were rumors of several failures, but nothing definite. Our exchange brokers were at a stand as to their business, and generally declined to fix a rate. There was one offer to sell Philadelphia funds at 1 per cent. discount. At the first board of the stock market there was quite a panic, and stock fell rapid ly. At the second there was a still further, decline, and sixes fell off to 51, at which price, however, all offering was quickly taken. PHILADELPHIA, 26, 2 P. M. The Pittsburg, Harrisburg, Lancaster, and Reading banks have suspended. The failure of W. B. Lovejoy & Co., clothing house on Commercial street, this city, is announced. PITTSBURG, Sept. 26. There is no concert of action among the banks of Pittsburg in regard to future policy. All of them continue to pay coin for small demands. The Merchants and Manufacturers Exchange Bank and Citizens Bank are paying small demands made by laborers, operatives and others, but refuse the demands of banks and brokers. The Bank of Pittsburg has resolvedto pay in full. BALTIMORE, Sept. 26. The Farmers and Mechanic Bank is cashing all its notes and paying checks. Other banks are fully suspended, but still they are promising customers with change. The excitement hasoubsided. The issue of shin-plasters is talked of, and may be resorted to. WASHINGTON, Sept. 26. Bank of Metropolis closed firm. The commercial community is generally satisfied with the course of the banks. All are confident of their stability and resumption at an early day. A considerable amount of deposits have been made in the Patriotic Bank of Washington since their suspension. TRENTON, N. J., Sept. 26. Our Banks had a steady but moderate run to-day, and paid out about $8,000 each, in specie. They are in very good condition, and it is thought they will weather the storm. Jas. S. Sterling, one of our heaviest merchants, has assigned. Ilis assets are ample. CINCINNATI, Sept. 26. Rates of Exchange nominal, Sight checks cannot be bought on N. Y. at less than 5 per cent. Gold held out of market. No failures. The merchants all stand firm. Boston, Sept. 26. The money market presents little variation from the rates ruling during the week. The net gain of coin in the Banks for the week is little short of $400,000. The Banks are considered stronger than two weeks ago, and are believed generally in a healthy condition. Bills of Hopkinton Bank, Westerly. R. I. were refused at Suffolk. PHILADELPHIA, Sept. 26, 6 P. M. A meeting of the Presidents of Banks was held this P.M. It is reported that for want of concert of action, they adjourned without arriving at any determination. It was thought they would determine on a full suspension, as practiced by some of the Banks to-day, but which was not general, on account of the North America, Mechanic's and some of the other Banks receiving a supply of specie. There was also a meeting of the Cashiers of the various Banks, but their action is not yet known. It is understood application will be made to the Governor for the call of an extra session of Legislature with a view of affording relief to Legislature with a view of affording feiture of charter, imposed by the law of 1850. Several of the Banks, however, are not acting under this law, including the Panama, Farmers, Mechanics Philadelphia and Western. WHEELING, Sept. 26. At a meeting of the citizens of this city, held this evening, it was unanimously resolved that the Banks of this city be requested to immediately suspend specie payment until the business interests of the community would justify a resumption. This action was taken in consequence of the heavy run that has recently been made upon the Banks by foreign brokers and their liabilities, and no loss will be sustained by note holders or depositors in consequence of the suspension. PHILADELPHIA, Sept. 26. The Girard Bank isnow paying specie for fives and certifying checks. Additional excitement was produced by the news from Baltimore of the suspension there. The Tradesmans Bank pays everything, checks and all. The Bank of British America is paying on its notes. It received specie from New York last night, and represents that they have more in their vaults than amount to bills, and they are certifying checks. The Commerciel, Manufacturers and Mechanics, and Philadelphia, are paying for fives. The Farmers and Mechanics are paying specie for tens. The North Liberty and Western pay specie for fives in cases of necessity. The Bank of Pennsylvania township of the city and consolidation pay nothing on banks, except Girard certified checks. The Girard has entirely suspended business. Some of the banks will receive no deposition. The Board of Brokers passed a resolution this morning to the effect that all settlement in the purchase of stock may be made by certified cehcks on any of the city banks current on_the day of settlement. A private dispatch says that the banks in Reading and Pittsburg have suspended. The South Ward Bank pays specie for all its bills. The Bank of Kenington for fives only. BALTIMORE, Sept. 26. All is quite about the Banks now. A large number of brokers arrived here this morning. The Banks are now paying the checks of depositors and redeeming notes. A meeting of Presidents will be held at 10 o'clock, when it is thought that they will suspend payment in all sums over ten dollars. There is now no excitement.