Article Text
PHILADEKPHIR, Sept. 1. At a very numerous meeting of the Merchants and traders of the city of Philadelphia, held in pursuance of public notice, at the Merchant's Coffee House, this day, Thomas M. Willing was called to the Chair, and Robert Ritchie, appointed Secretary. The Chairman stated, that the object of the meeting was to take into consideration the recent step adopted by the different Banking Institutions of the city suspending for the present, the payment of specie. The address of the different Presidents of these institutions, to the public, was called for, and read. The following resolutions was then offered to the meeting, and unanimously adopted. Resolved, That this meeting do approve of the determination of the Banks of Philadelphia, to suspend the payment of specie, at the present crisis, and do agree to receive in payment of all debts due to them, the Notes of the said Banks, in the fullest confidence that the Directors of the said Banks respectively, will pursue such measures as will enable them to resume the payment of specie, as soon as the circumstances which causes the suspension ceased. Resolved. That the different editors of newspapers be requested to publish these proceedings daily for one week-Adjourned. THOMAS M. WILLING, Chairman. ROBERT RITCHIE, Secretary.
