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Suspension of Specie Payment.-The - Board of Directors of the Farmers' Bank of Virginia held a meeting yesterday afternoon, and resolved on a suspension of specie payment from this date The Directors of the Bank of the Common wealth were to hold a meeting for the same purpose last night, and the Traders' Bank will consider the matter this morning. From present indications, we have no doubt all the Banks in the State will suspend, and thus give relief to the business community.
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Suspension of Specie Payment.-Many of our citizens will no doubt be gia ified to learn that all the Banks in Richmond have suspended specie payment. This result, it is hoped, will give relief to our manufacturers, and enable many of them to continue the employment of their present forces, and thus save the work. ing classes from the many horrors which would inevitably follow a suspension of employmentat this particular season of the year. We append the resolutions adopted by the Board of Directors of each of the Banks, to show that the political disquietude all over the country has brought about a distrust in financial affairs which is truly deplorable to be looked upon. The Directors of the FARMERS' BANK or VIRGINIA, by whom the initiatory step to suspeusion was taken, adopted the following resolution : 'Resolved, unanimously. That, in view of the distrust which prevails. of the suspension of the large money trade with the South usual at this season. and of the pressure of the law requiring the Banks of this city to redeem the circulation of their branches-a law which bears with special severity on this Bank. because of the number of her brinches-specie pa ments be for the present suspended; and that a course of policy be pursued which will prepare for an early resumption." The Directors of the BANK OF THE COMMONWEALTH, at a called meeting held on the night of the 20th irst., adopted the following preamble and resolution In view of the political troubles of the entire country. by which confidence 18 being almost to taliy destroyed in commercial circles: and also of the mercantile distress in our community. which. if it continue. must devolve a heavy loss on the Banking Institutions of this city: Therefore, Res olved. / hat this Bank suspend specie payments until the further order of the Board The Directors of the BANK OF RICHMOND met yesterday morning, and after duly considering the question of suspension, adopted the following resolution: Resolved, That the other Banks of this city having suspended specie payments. this Bank deems it due to itself and to the community to do so likewise." A a meeting of the TRADERS' BANK of Richmond, held on the 21st inst., Hector Da. via, President; John B. Davis, Jos. Brummel, Geo. W. Smith, Franklin Stearns, J Thompson Brown, C. E Whitlock and Thos. Jones being present, the following resolutions were unanimously adopted Resolved. hat the President and Directors of the Traders' Bank, influenced alone by a desire to do justice alike to the stockholders and to the commercial community, determine to suspend, for is e present specie payment. Reso ved, That the will pursue such a policy as to enable them. at the earliest pra ticable day, to resume the usual rouine of business The Directors of the EXCHANGE BANK in this city, held a meeting and adopted the 101lowing resolution: Resolved, Thatthis Bank for the present sus pend special payments. The Directors 01 the BANK OF VIRGINIA also held a meeting, and resolved losuspend specie payments, in consequence of some of the leading Banks having adopted that course.
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INTERESTING EROM VIRGINIA. RICHMOND. Nov. 21, 1860 The Bank of Virginia, the Exchange Bank, the Bank of the Commonwealth and the Traders' Bank suspended specie payment to day The Bank of Virginia, the Exchange Bank and the Farmers' Bank adopted this policy to stay the ruinous draft which was being made upon their specie capital by parties holding the notes of the several branches, which they were obliged to pay specie for on presentation by a law of the last Le gialsture A large drain to satisfy Nothern claims was also being made, and the safety of the institutions required that it should be avoided The suspension is deemed advantageous to the mercantile interests of the city as it will enable the banks to extend their discount line and thus relieve the tightness in the money market. A card from Thes R. Price & Co., extensive wholesale merchants of this city, appeared in the New York Times of yesterday, to which I find a statement sent by telegraph from here to that paper on the 15th intant, at tributed to the HERALD'S coreepondent This state ment which can be found in the Times of the 16th falsely net forth that there was a rumor that the firm of Kent, Paine & Co. were going to suspend, and that the drms of Thos R Price & Co., Summer & Co., and Clarkson & Anderson. bad discharged several clerks because of the stringency of the times On seeing the card of Mr. Price I called upon that gentleman, and brought nis at tention to the error. He emphatically denied having mentioned the name of the HERALD ia his card. and in proof of this produced the original manuscript from which that card was copied. He stated, moreover, that be transmitted a copy of the despatch in the Times containing the obnoxious statement to a friend in New York, with the card which appeared in yesterday's Times, and quoted the paper in which it appeared and the date of its appearance. How came the HERALD'S name to be introduced into that card, and connected with a charge to which the Times alone was smenable? This matter needs expianation Mr. Price anticipated that bis friend would have the card published in the Journal of Commerce At all events, perversion of its application has been made after 16 was sent by Mr Price, and it is proper that the parties guilty of it should be traced out. The seceding State will benefit largely by the present panic. They are buying slaves at dity per cent below former rates, while hundreds of them are being ment South for hire because of the depreciation in slave labor here This will materially add to the ordinary yield in the cotton States. A report is in circulation that an address 18 to issued to the American people on the present condition of public *ffairs, signed by A 8 Foete, Senator Hunter, Wm. a Rives, and others. The Examiner LO day undertakes to contradict the rumor, so far - It relates to Mr. Hunter's connection with the movement He considers that the public, who have noticed for many years the difference of views between Mr. Hunter and those associated with him in this rumor would readily appreciate the improbability of the statement, that he would ever be found upon the same platform with ibose gentlemen. One of the first acts of the Southern Confederacy, If it shall be formed. will be the reopening of the African slave trade. This is the strongest motive for the present secession movement, and Virginia and the other border States view this prospect with serious apprehension Yes they will have no alternative but to join the South Their best means of security will be in . operation with the Southern States, for they will thus have . voice in the federal councils, and it may be that they could effectually resist this slave trade project, or at least secure some modification of It to save themselves from atter ruin If they stand aloof there will be no restraint upon these States, and they can carry out this slave trade project without any regard to the interests of Vir givia or her sister border States. Meetings are being held in different parts of the State to consider the present alarming state of the country. In every Instance a call for a convention is recommended. The Enquirer to day publishes an important letter from Governor Letcher, in reply to that of John 8. Bus bin, of Pennsylvania, who ridicules secession, and states that two bundred Virginians have tendered him their command in the event of disunion, &c. The Governor in his reply administers . severe rebuke to the Northern nullidostion States, and shows that derelietion on the part of the North is the prime cause of the present dangerous trouble. He advises the people of the North to correct public sentiment at home and die charge their constitutions) obligations with strict fidelity He then indicates his determination to defend the State of Virgina and stand 68 % mediator-an armed mediator If necessary-between the Sonthern States and their as sailants, come from what quarter they may. This letter created great sensation here. ACTION OF THE VIRGINIA MINUTE MEN. NORPOLK, Va., Nov. 21, 1860. The Minute Men of this city held . meeting o-night, and passed strong remolutions in favor of resistance to Northern aggreesion. Three cheers were given for the
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claims against this company for dividends, or on open account, due previous to the Sith March, 1864, must be presented for payment on or before that day. No checks will be drawn, nor drafts honored, nor payments made at this office from that day to 1st of April prox All checks issued, and drafts drawn, or debts due prior to 25th March, 1864, pre. sented for payment after the let proximo will be paid in the present currency at its par value, or, at the option of the company. in the new currency at the rate of three dollars of the present for two of the new currency, as fixed by act of Congress passed 17th of February, 1864 J mh 7-dt25th B Treas'r. WINSTON, OFFICE OF THE R & R R R Co, Richmond, March 10. 1864 TOTICE checks drawn by this company, and all drafts drawn on It, and all other claims against this company, for dividends, Interests, or on open accounts or otherwise, due prior to the 25th of March, 1864, must be presented for payment on or before that day. No checks will be drawn, nor drafts honored, nor pay ments made at this office from that day to the 2d of April proximo. All checks issued, and draft. drawn, or debta due prior to the 25th of March, 1864 presented for payment after the 1st proximo, will be paid in the present ourrency at its par value, or at the option of the company in the four per cent bonds of the Confederate States, or In the new currency at the rate of three dollars of the present for two of the new, as fixed by act of ongrees, passed Feb 17th, 1864 mh 10-195th OF HARWOOD, Treas. OTICE. AG parties indubted to me a e ro N spectfully requested to call and make payment before the 25 day of March, 1864, as I shall 00 compelled to refuse the present issue thereafter, un. less subject to the discount of 8316 per cent. as provided by law after the is: of April next Persons holding my checks, or to whom am indebted must present to: Ir claims before that day: if after that iny they " ill be paid la the present currency or in the new at a discount of 88% per cent- W G Eta plea, H mith, and W F Cabill excepted mh TIM THY KERSE PECIAL NOTICE -All parties holding my checks and those of James II Taylor Son, are request to present the same at the Bank of the Com nonwerlth prior to the 25th fust mt, where mone is deposited to meet them and also all parties hav IDE moneys in my hands and in the hand of James M Taylor & Sco, arising from sales of raal state or therwase are hereby notice to draw the same prior to the 26th instant or such meney ys will be caid only in the old currency or in four per cent. bonds. mn 14-6t JAS. M. TAYLOR. persona indebied to me are TO quest ed to make pay ment previous to the 25th any of March, asl will be compelled to refuse the present and all persons holding my checks 0 goods sold on consigement must present for payment previous to that date, other they will be paid in the present currency mill 11-6:* GIDEON GARBER NITRE AND MINING HUREAU, Richmond March 13h, 1864 OTICE -On and sher the 25th day of March, and until the 10th day of April, 1864, all pay ments will be suspended at this office and no money received except the new issue of S Treas sury notes All outstanding claims against ment made prior to lat of March will be paid in the old saue H RE ARDON. mh 11-3w Disboreing officer. OTICE.-An persons ledebted to us on ad N vances or otherwise, are notified that we will receive payment in the present currency up to the 25th inst, after which we can accept nothing but the new currency provided by the Confederate Government on the 1st April, and all parties having balances in our hands, or checks of ours on the bank, must collect them by that day, falling in which, the present currency will be set aside for them as a special deposit. mh 11-3w SL:UGHTER, WATKINS & CO. OFFICE OLD DOMINION IRON AND NAIL W. RK8 9, Richmond, Va March 10, 1864. LL persons having claims against this company are requested to present them for payment by the 25th inst, as all claims interanding on the let of April will be paid in four per cent bonds. mh 11-6t R E BL NKENSHIP, Ament N OTICE -The Manufacturers' Savings Bank bay ing determined to wind up its offairs, notice is hereby given to depositors to come forward at once and withdraw their runds Those who fail to do 60 prior to the 28th day of March, 1884, are hereby no tifled that the baok will then invest in four per cent Confederate bonds for their benefit. as authorized by act of Congress un ter the first eection of the re cent currency bill. By order of the Board. mh 11-01 CH AS BINTON, Treas. OTICE -All persons have balan 06 due them N in our bands are hereby notified to draw the same on or before the 28th of the present month, ME also all holding our checks are requested to present them for collection by the time specified above otherwise they will be paid in the prejent currency. or the new at 68% centsto the dollar LEE & BOWMAN. mh 1w1 hereby notify all pers DE indebted to me that will receive the present currency ID payment of their debts until the 26th inst, after that date shall require payment In the new Prency, or the old at 33% per cent dise ent Persons holding my checks. or to whom am indebted, must present their claims before that date, as after that datel shall pay them in the present currency or four per cent Confederate bonds IAS MOORE mb 10-8:* OTICE ---I hereby notify all per ons holding N claims against me, or orders for money, that it not presented for payment by the 25th of March, they will be subject to the discount 3333 percent JOHN II TYLER mh 10.-6t* ns are hereby notified to present the same at N OTICE-AN persons holding checks drawn by Bank before the 25th of March, 1861. and all persons to whom we are indebted are requested to call and receive the amount due them before the above date, 43 after the 25th of March, 1864. all such checks and debts will be paid in the present currency or its equiva ent in the new currency. POWERS & VALENTINE. mb 9-eod4t* to wind up its affairs, notice is hereby Notice The City Savings Bank having deter given to its depositors to come forward at once snti withdraw their funds. Those who fail to 10 SO prior to the28th March, 1864, are hereby D tifled that the Bank will then invest in four per cent Confederate bonds for their benefit as authoriz by act of Con. gress under the first section of the recent Currency bill. By order of the Board N AUGUST Cashier. mh 4-Stawi28thMb OFFICE ICHMOND & PETERSBURG R R Co, Richmond, Va., March 8 1864 and all demands against it, due previous to the N drawn by this company. 25th inst, must be presented for payment on or be fore that day. All aims due prior to that date pre sented for payment after the 1st proximo will be paid in the prosent currency at its par value, or at the op. tion of the company in the now currency at the rate the of two dollars of the new currency for three of M W YARRINGTON, present. Treasurer. mb 8-124tbM NPECIAL Notice.- Parties having lubds or Dat ances in our hands are hereby notified to draw the same prior to the 28th inst; otherwise all such balances will be paid in the old currency or in four per cent bonds. Balances due 113 not paid before the 28th will be received only in the new currency. JOHN N GORDON & SON mh 8-5 OTICE -I hereby give notice that all outstand ing checks drawn by me, and those that may be issued before the 28th of March, 1864, must be presented for payment by that date at the Bank of the Commonwealth: that all persons who has funds in my hands, whether from sales made or other. wise, are requested to draw them out by the 28th inst, and all parties indebted to me are quested to make payment by that time. GEO ARENTS. mb 11-193thMar OFFICE VA SAVINGS BANK, Richmond March 1st, 1884. T a meeting of the Board, held this day. the following notice was ordered to be publishe All depos to:s of tbls Bank must come forward at once and draw their deposits. Those who fail to do 20 prior to the 24th day of March, 1884, are notified that the bank will invest in 4 per cent Con federate bonds for their benefit. After that date all payment will be made in said bonds, as authorized by the T B STARKE. late act of Congress. Treasurer mb 5-104 OTICE.-O account of the new Curretcy Bill, recently passed by the Congress of the Confed