Article Text
MEETING OF CITIZENS. An adjourned meeting of citizens without distinction of party, was held last evening at the United States Hotel, to take into consideration the present embarrassed condition of monetary affairs. The Hon. G.M. Dallas presided, and Joseph R. Chandler, Esq., acted Secretary. After considerable discussion, the following resolutions were adopted: That this community, in its financial concerns, stands at this moment in need of legislative assistance and relief. That the Bank of North American, the Philadelphia Bank, the Girard Bank, the Mechanics Bank, the Bank of the Northern Liberties, the Manufacturers' and Mechanics' Bank, the Kensington Bank, the Bank of Penn Township, the Bank of Pennsylvania, the Farmers and Mechanics Bank, the Commercial Bank, the Western Bank, the Moyamensing Bank, the South. wark Bank, and the Bank of Germantown, are believed to be in a condition which will enable them beneficially to receive and render available to the people, the contemplated relief and assistance. That the requisitions of the Act of Assembly, of 3d April, 1840, and the policy of the Commonwealth, as made known by the Executive, were met and carried out on and after the 15th of January, 1841, and a large amount of specie has been withdrawn in the abortive effort to give permanence to the same. That the following measures of relief and assistance are called for by the present emergency 1. A suspension of the penalties provided by any statute of this Commonwealth for the omission of any of the above named Banks to pay their deposites and other obligations in gold or silver coin. f 2. A re-enactment of the provisions of the act of 3d April, 1840, relative to dividends, &c. 3. An arrangement by which each Bank shall be required to pay out its own notes, and not the notes of any other Banks. a 4. Such other measures of relief and assistance as if the Legislature, in its wisdom, may enact. 5. That a Committee of seven persons be appointed to proceed to Harrisburg for the purpose of obtaining the necessary relief and assistance. The following persons were appointed on the Committee. Two others were selected, who, we learn, have declined serving: Josiah Randall, Isaac Roach, T. M. Bryan, Robert Allen, John K. Kane. At a meeting of the Democratic citizens of the City county of Philadelphia, held at Holahan's Hotel, Ches. nut street, on Feb. D, 1841, at half past 7 o cleck, P. M., Henry Florn, Esq., was called to the Chair, and W. L. Hirst, and B. 11. Brewster, appointed Secretaries. The following Preamble and Resolutions were offered and unanimously adopted From the present defective and vicious Banking System, and the ignorant if not dishonest management of some of the Banks of the City and County of Philadelphia, and their suspension of specie payments, has been inflicted upon this community; and Whereas it is our duty as good citizens to guard as much as lies in our power against the many evils consequent thereon, by suggesting remedies for the present, and preventives against all further calamities of a similar nature hereafter-therefore, Resolred, That as a general suspension of specie payments by our Banks has taken place, the Governor be earnestly requested to issue his proclamation calling upon the prosecuting officers through this Commonwealth rigidly to enforce the laws against the issue d notes of less denomination than $5, and to refuse his 11 sanction to any bill legalizing their issues, or to any s bill suspending the penalties now existing against the Banks for a refusal to pay their liabilities. Resolred, That the Governor be requested to recommend to the Legislature the immediate passage of a law f inflicting a heavy penalty for the circulation, or offering for circulation, notes of a less denomination than $5, issued by Banks out fithis State. Resolved, That these resolutions be published in the Democratic papers, and that a copy of the resolutions t be addressed to the Governor of the Commonwealth. e HENRY HORN, Chin. W. L. HIRST and B. H. BREWSTER, Secretaries. NEW YORK BASKS.-"This city is perfectly easy in money matters.-Our Banks, by the official report, d show a strength which is unusual, and greater, indeed, than is required. The offerings are small, and the Banks really want good paper under 90 days. [.N" Y. Express. "The banks here and at the East stand perfectly firm and at ease. They have long since cut adrift from In the fictitious movements of the South, centering in the United States Bank, and are and have been steadily curtailing their movements, and Bringing them into a d smaller compass. in accordance with the spirit of the o times."- Y. Herald. y THE McLEOP AFFAIR.-The New York Commercialstates, that the Lockport Courier extra of Saturday is furnishes an official statement of the recent proceedings touching the bailment of McLeod, by which it appears of " excitement.
