19105. Moyamensing Bank (Philadelphia, PA)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
January 31, 1842
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini
Short Digest
59b49d07

Response Measures

Accommodated withdrawals, Full suspension

Other: Bank later resumed on liabilities for 'Relief' notes (partial/conditional resumption). Some articles describe promises to redeem circulation and lawsuits against the bank after suspension.

Description

Newspaper accounts describe runs on Moyamensing in late Jan–Feb 1842 tied to the injunction/closure of the Bank of Pennsylvania (contagion from other local banks). Moyamensing met withdrawals initially but later did not open in mid-March 1842 (suspension). The bank made efforts to re-open and is later reported to have resumed on relief-note liabilities in April 1843. Dates are taken from contemporaneous reports; OCR inconsistencies corrected (e.g., 'Moyamensing' sometimes OCRed similarly).

Events (3)

1. January 31, 1842 Run
Cause
Local Banks
Cause Details
Run triggered by contagion from the injunction/closure and runs on the Bank of Pennsylvania and other local institutions; public panic and transfers of runs to neighboring banks.
Measures
Met all demands; kept open late (until about 4 PM) to satisfy withdrawals.
Newspaper Excerpt
A pretty smart run has been kept up all day on the Moyamensing Bank; it, however, met all demands to the last.
Source
newspapers
2. March 18, 1842 Suspension
Cause
Local Banks
Cause Details
Following continued runs and failures of other 'relief' banks (Penn Township, Mechanics', etc.), Moyamensing ceased operations and did not open amid the general liquidation/closures in March 1842.
Newspaper Excerpt
The Moyamensing and the Manufacturers' and Mechanics' did not open this morningmaking eight broken banks in our city out of seventeen.
Source
newspapers
3. April 20, 1843 Reopening
Newspaper Excerpt
The Moyamensing Bank resumed last week on all her liabilities for Relief notes. Specie continues plenty. (Apr. 1843 reports).
Source
newspapers

Newspaper Articles (24)

Article from Staunton Spectator, and General Advertiser, February 18, 1841

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THE PHILADELPHIA BANKS. Correspondence of the National In'elligencer. PHILADELPUIA, Feb. 5.-Evening. The United States Bank has again suspended specie payments, and it is not considered probable that the others will be able to continue specie payments, and it is unwise in them to strive against their fate. Upwards of six millions of dollars in specie and specie funds have been drawn from the U. S. Bank since the 15th of January, and the excitement at this moment in this city is intense and 11niversal. The panic is complete, & the runupon the other banks is prodigious. It has just been reported that the Girard, Moyamensing, and Manufacturers and Mechanics' Bank, and the Bank of Penn Township have followed the example of the Monster ; also, the Northern Liberties Bank, and Bank of Pennsylvania. And the report is true.


Article from The New York Herald, February 1, 1842

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Philadelphia. Correspondence of the Herald.I PHILADELPHIA, Jan. 31, 1842 Bank Excitement-Injunction on the Bank of Pennsyl vania-Run on the Moyamensing Bank-Folly of the League" efforts to pay the State Interest. Sc. Weare still in the midst of great confusion, doubt and uncertainty, in reference to our banks, and the currency. This morning, as ou Saturday afternoon the Bank of Pennsylvania was besieged by a crowd of many persons. This institution, you know, stands on Second street, and has a yard in front.Neither the doors of the bank, nor the gate leading to it, were opened. A notice was posted on them, that an injunction had been applied for on the part of the Commonwealth, and that a motion to appoint u receiver, to take charge of its assets, would be heard on Monday next. Of course, until that time it will remain closed, and the State interest due tomorrow will not be paid. So far from this injunetion being opposed by the bank, it is believed that it was courted by it. As for the two or three days of the past week, our brokers and business men are in statu quo, from the fact that they are afraid to touch any descrip tion of our paper currency. The " league" that has been noticed as formed between the banks, to. payout their own notes, and create a safety fund, has had but little effect on tranquilizing the feverishness in the public mind. This safety fund, if created, at the best, is but to protect the banks themselves, while the community is left just as exposed as before. The want of confidence is just as great as previous to announcement. Indeed, 1 think it is greater, for it is an admission from the banks, that they are unworthy of credit; and that each will not take the others notes, unless security in the shape of this safety fund is raised. To raise this safety fund the community see, also, takes from the security which the Banks held to meet their bills in circulation. In a word, the Banks secure each other at the expense of the bill holders. Greater consternation, 1 never before saw in this city. All business seems to be relinquished, and the subject of currency and bank failures, is the engrossing theme of all classes. A prettyjsmart run has been keptup all day on the Moyamensing Bank; it, however, met all demands to the last. That it will be able to do so to-morrow, is doubtful. So we go. That the d-1 at a game of ten pins with our banks, is now certain. There have been several meetings of the officers of the Banks to-day, the object of which, was to obtain means from them to meet the State interest. As yet, nothing has been accomplished. At the Stock board nothing was done of any consequence. Girard notes are selling from 25 to 30 per cent discount for specie Currency is at a discount of about ten per cent. I do not know, whether the "league" arrange ment has been affirmed by the several Boards of Directors or not. The West Branch Back is broke. A question was decided in our District Court as Saturday, which may be interesting to the mercantile community. In the case of Shoemaker and another, against Thomas, in which an action was brought on a promissory note made by the defendant, an affidavit of defence was filed, in which the defendant claimed the right of defaulting a certain amount above legal interest which the plaintiff. had charged the defendant in some previous transactions, which were entirely disconnected with the note sued upon in the present case. The matterscame before the court for argument on Satur when it was decided that the ueurous interest charged on transactions having nothing to de with the note on which the present suit was brought, could not be made an off set on the plain. tiffs', claim, and judgment was ordered for the plaintiffs for the full amount of their demand. For the plaintiffs, Mr. Hopper; Mr. Ingraham for the defendant. The daughter of Hon. Jos. R. Ingersoll died at Washington on Saturday. John M. Scott, mayor, rum or says, has been nominated to the judgeship declined by Mr. Binney.


Article from Richmond Enquirer, February 3, 1842

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BANK AFFAIRS. PHILADELPHIA, Feb. 1.-The Pennsylvania Bank, which was run upon on Saturday, did not open its doors yesterday. This course was pursued in consequence of the action of the Governor, who, to provide for the safety of the public moneys deposited in that institution, as well as to promote the general benefit of those interested in the Bank, had directed the Attorney General to apply to the Supreme Court for an injunetion to restrain the President and Directors from paying out, assigning or transferring the assests of the Bank, and also for the appointment of a receiver. The application was founded upon the affidavit of Job Mann, Esq., Treasurer of the State, shewing that up wards of $800,000 were deposited in said Bank, for the payment of the interest on the State Debt falling due to-day. In anticipation of this movement, the following notice was sent by Gov. Porter to the Bank: Merchants' Hotel, 31st January, 1842, 7 o'clock, Monday morning. President and Directors of the Bank of Pennsy'vania. Gentlemen:-I directed the Attorney General on Saturday evening, to adopt proper legal measures to secure the Public Moneys deposited in the Bank of Pennsylvania, as well as the interests of all who are in any way creditors or debtors of that institution That officer will apply to the Supreme Court, at the earliest possible moment this morning, for an Injunction, and the appointment of a Receiver to take charge of all the assets of the Bank. You are now apprized of that fact, and directed not to open your doors this morning nor pay out any of your money or transfer any of your assets, for any purpose whatever. When the same are placed in the custody of the law, the rights of all parRespectfully, ties will be fully guaranteed. DAVID R. PORTER On receipt of this notification, the subjoined resolu tion was adopted: Resolved, That in pursuance of the direction of the Governor, the Bank is hereby closed. JOSEPH TROTTER, President. Monday morning, 9 o'clock, Jan. 21, 1842. The Bank of Pennsylvania being enjoined, up. on which, it was presumed there would otherwise have been a severe drain, a sharp run was commenced upon a neighboring institution, the Moyamensing Bank, which was continued all day, and was met with great readiness and cheerfulness. To accommodate the public, the Bank was kept open for a considerable time after the usual hour for closing with an under standing that it should remain so long as calls were made. This Bank closed at a late hour in the after noon, and had evidently created a much better feeling than had existed in the morning. INJUNCTION GRANTED.-Yesterday, in the Supreme Court, on application of Ovid F. Johnson, Esq., for the Commonwealth, an injunction was granted against the Bank of Pennsylvania, restraining it from issuing, transferring, or assigning any of its assets. Application was also made for the appointment of a Receiver, which upon a rule was argued at 2 clock, when the Court decided to hold the matter over until this morning, in the mean time giving the Bank an op portunity to file its answer, or suggest a suitable person to be appointed as the Receiver. REQUISITION OF THE Goverson.-The Governor yesterday made a requisition upon all the city and county banks for the balance of the loan of five per cent. of the amount of their respective capitals, as provided for by the law of May 1841. To be paid over this morning in specie or its equivalent. BANK ARRANGEMENT-The adjourned meeting of Bank Officers was held lasteveningat the Philadelphia Bank. We learn that the arrangement between the City and County Banks, as to the issue of notes, are nearly completed; and that in the meantime the paper of each of the Institutions will be universally received on deposite or in payment of debts. The Pennsylvania and Girard Banks not included. The arrangements thus far have been made in view of a resumption of specie payments, on the 1st of August next.-Pennsylzanieru. NEW ORLEANS, Jan. 22-We learn that the Merchants' Bank was, yesterday, seized upon a writ of fieri facias, in favor of the U. S. against the U.S. Bank of Pennsylvania, as the property of said Bank: and that whatever debtsare due by the other Banks of the city to that institution were garnished in favor of the U. S.The fieri facias was issued upon the judgment obtained in the matter of the French Bill.-Bee. I On "board the Columbus there are about 550 men and boys; and more than 200 of these have signed the pledge of total abstinence from all intoxicating two hundred of the crew have the of drinks lumbia Over signed pledge total abstinence. of the Par. CoAt the head of the list is the name of Foxhall A. ker, the captain of the frigate.-Boston Post.


Article from Daily Richmond Whig, February 3, 1842

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Resolved, That in pursuance of the direction of the Governor, the Bank is hereby closed. JOSEPH TROTTER, President. Monday morning, 9 o'clock, 31st Jan., 1842. The gates of the Bank were not opened, and a considerable crowd was collected on the side walks in front and opposite the Banks, though so far as we could perceive, there was no manifestation of ill feelings-rather, perhaps, of curiosity as to what would next be done. While things were in this train, holders of the notes of the Moyamensing Bank hastened to that institution, and made demands for payments; these were all promptly me', and the Bank, finding the demands continue gave notice that it would keep open until four o'clock, P. M., to meet any demands of that kind. Small runs were made on several other Banking Institutions, but with no injurious effect, nor, so far as we could learn, to any considerable amount.


Article from Sunbury American and Shamokin Journal, February 5, 1842

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Respectfully. DAVID R. PORTER. -Resolved, That in pursuance of the direction of the Governor, the Bank is hereby closed. JOSEPH TROTTER, President. Monday morning, 9 o'clock, 31st Jan. 1842. The-gates of the Bank were not opened, and a considerable crowd was collected on the side walks in front and opposite the Bank, though so far as we could preceive, there was no manifestations of ill feelings-rather, perhaps, of curiosity as to what would be done next. While things were in this train, holders of the notes of the Moyamensing Bank hastened to that institution, and made demands 'for payment these were all promptly met,and the Bank, finding the demands continue gave notice that it would keep open until four o'clock; P. M., to meet any demands of that kind. Small runs were made on several other Banking Institutions, butwith no injurious effect, nor, SO fat as we could learn, to any considerable amount.


Article from The New York Herald, March 19, 1842

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Philadelphia. Corresponsence of the Herald.] PHILADELPHIA, March 1842 A full Resumption of Specie Payments-All non-specie paying Banks discredited and closed-Habeus Corpus es-Suicide All our banks to day entered upon a full and unconditional resumption of specie payments. Every demand of every character is met in coin-even the relief notes, of such of them as issued these bills, are redeemed in specie, the same as the banks' own promises to pay. We have now but nine banks, to wit :-Philadelphia, Commercial, North America, Farmers' and Mechanics', Southwark, Northern Liberties, Western, Kensington, and Germantown. All the others are in course of liqui. dation. The Moyamensing and the Manufacturers' and Me chanics' did not open this morning-making eight broken banks in our city out of seventeen, with an aggregate capital of $46,250,000 ! So we go. The resumption was agreed upon last night, and has been well sustained. Oa three or four of them there was something of a run. but they all met it without finching, and so confident are the people that they can stand it, or NO tired are they of suspension, that hundreds of thousands of dollars have already been carried in and deposited with them. It is well ascertained that in the aggregate more specie has been deposited with the banks than has been drawn from them. There has been great commotion throughout our city all day, and little or no business of any sort transacted. The people were so rejoiced got the sight of gold and silver, that they could think nor talk of nothing else. By to-morrow evening, the vacuum created by the withdrawal or dis. crediting of small irredeemable paper will be filled with specie, and on Monday, the banks will be found puisuing their avocations as of old. Success to every honest move they make. To-day the decision of the Judges of the Court of General Sessions was given in the case of the write of habeas corpus taken out by Nicholas Biddle, Joseph Cowperth aite, and John Andrews, which were originally heard by the Court of Common Sessions, Pleas, and sustaining remanded from the motion that Court of to the the Attorney General General to dismiss the write and bind the relators to answer at the present term of the General Sessions. The Court then ordered the parties to give bail each in the sum of$10,000 for their appearance from day o day. By the advice of their respective counsel, the defendants were committed into the custody of the Sheriff, when write of habeas corpus were sued out before the judges of the court with the view of having them discharged, and Monday, the 28th instant, fixed for hearing them. several coun in reference to the An sel argument and the Attorney took place General between the hearing of the cases separately or together, the Attorney General being anxious to have them heard jointly, and the counsel for the relators urging that they may be heard singly. The matter was left undetermined, the Court suggesting that the question might he left open until the time of hearing. Last evening, Sydney Freeman. blind manufacturer, in Second Street, below Dock, committed suicide by hanging himself. He was about 35 year of age, with a wife and two children, and appeared to be doing a good business. During the day he appeared to be much indisposed, and was left in room in the where his 8 about five o'clock afternoon, about o'clock he was discovered hanging by the bed post. The Coroner held an inquest up. n the body at 10 o'clock. Verdict accordingly. The family of the deceased is from East Jersey, or from New York. At the stock board there was but one sale to-day -10 sbares of Farmers' and Mechanics' Bank at 20, an advance of $1 on last sale. Exchange on New York prem. The paper of the banks which have slopped within the last two or three days is at a discount of about 25 per cent. The following is a statement of the condition of the Moyamensing Bank, March 2, 1842:STATEMENT OF MOYAMENBING Bank, MARCH 2, 1842.


Article from The Daily Madisonian, March 21, 1842

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From the Philadelphia Public Ledger. TWO MORE BANKS GONE. The process is nearly, if not quite completed, of wiping off the insolvent banks which have always stood in the way of the sound ones, and prevented resumption. The run which was commenced upon the Penn Township, one of the Relief banks, continued one day, when the institution closed its doors and officially announced that they would not be opened again. The run yesterday morning was then transferred to the Mechanics' Bank, in Third street, above Chesnut, and after standing it about three hours, it followed the example of the Penn Township and shut up also. There was also a brisk run upon the Manufacturers' and Mechanics' Bank, corner of Third and Vine street, which stood the test, and continued paying until the usual hour of closing the bank. The Moyamensing also came in for a share of the distrust, and a run was made upon it, but it net all the demands against it. Three of these banks are those which accepted of the Relief law passed last ses sion, and put forth the bills called the "Relief" issues. It was generally expected those that have failed would go the moment they were held to any accountability, and it is generally believed to be all the better that they are out of the way of the others, though much individual loss is experienced in consequence of their failure. Of the other banks, seven at least, it is confidently stated, will now commence doing business on a specie basis. The sound banks have prepared for an immediate resumption; several of them yesterday paid spocie and issued their own notes.


Article from Daily Richmond Whig, March 21, 1842

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From the Philadelphia Inquirer, March 18. Another day of Excitement in Philadelphia. MORE BANK FAILURES. The excitement in relation to the Banks, which commenced a day or two ago, was continued yesterday. The Penn Township Bank was closed throughout the day, and with the exception of a few persons early in the morning, there was no crowd in the vicinity of the building. A run, however, was commenced, almost as soon 08 the Banks opened, upon the Manufacturers' and Mechanics' Bank, located at the corner of Vine and Third streets, upon the Mechanics' Bank, located in Third street below Market; and the Moyamensing Bank, at the corner of Chesnut and Second streets. The Mechanics' Bank made but a poor show, and closed its doors about 12 o'clock. The other two held out. however, and paid their notes in the notes of country banks, such as Lancaster, York, North. ampton, and Relief notes, until after the regular hour of closing, three o'clock. The run evidently abated towards the last, and both Banks manifested a disposition to exchange all the notes that should be presented. Of their ability and determination as to the future, we are unable to speak, but we trust that the worst has been experienced, and that from this time forward, we may look for a revival of confidence.


Article from New-York Tribune, March 21, 1842

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The resumption movement in Philadel phia on Friday was entirely successful. In the aggregate there was nearly as much specie and specie funds deposited as was drawn OUL The principal run was on the Farmers' and Mechanis which has a deposite but of 2800 names, yet at the close the had lost only about $5,000 in specie. The Moyamensing Bank did not open, but promises to redeem its circulation and deposits speedily. It appears that the Easton Bank was the first institution in Pennsylvania which resumed. It commenced paying specie on Tuesday last. The Directors of the Bank of Lewistown, Pennsylvania, guaranteed the redemption of its issues. A bill is before the Pennsy Ivania Legislature for the abolishing of the Brokers Board.


Article from The Madisonian, March 22, 1842

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From the Philadelphia Public Ledger. TWO MORE BANKS GONE. The process is nearly, if not quite completed, of wiping off the insolvent banks which have always stood in the way of the sound ones, and prevented resumption. The run which was commenced upon the Penn Township, one of the Relief banks, continued one day, when the institution closed its doors and officially announced that they would not be opened again. The run yesterday morning was then transferred to the Mechanics' Bank, in Third street, above Chesnut, and after standing it about three hours, it followed the example of the Penn Township and shut up also. There was also a brisk run upon the Manufacturers' and Mechanics' Bank, corner of Third and Vine street, which stood the test, and continued paying until the usual hour of closing the bank. The Moyamensing also came in for a share of the distrust, and a run was made upon it, but it n.et all the demands against it. Three of these banks are those which accepted of the Relief law passed last ses sion, and put forth the bills called the "Relief" issues. It was generally expected those that have failed would go the moment they were held to any accountability, and it is generally believed to be all the better that they are out of the way of the others, though much individual loss is experienced in consequence of their failure. Of the other banks, seven at least, it is confidently stated, will now commence doing business on a specie basis. The sound banks have prepared for an immediate resumption; several of them yesterday paid specie and issued their own notes.


Article from The Daily Madisonian, March 23, 1842

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works of >uch obscure and almost forgotten authors as Gold-mith, Washington Irving, Addison, &c.Howitt enjoys a very high reputation, and they place his works, where posterity will keep them by the side of those whom I have mentioned. His Rural Life of England'--his 'Seasons"the "Student Life of Germany," and last and best, his Visits to Remarkable Places"-which have just been published by Messrs. Carey and Hart, will all find numerous readers and warm admirers of course. The 'Visits" is, indeed, a truly interesting and delightful work, and every reader of English history should possess it. Mesars. Carey & Hart have also just published, in two handsome octavo volumes, Roscoe's Life of Lorenzo de Medici, of which I may speak more particularly in another letter, not having, as yet, had an opportunity of refreshing my recollection of the contents of these celebrated volumes. Messrs. Lea & Blanchard have just published a new and valuable number of their "American Journal of the Medical Sciences," a long established and popular periodical which the Physicians of the country should feel a pride in sustaining. Among its contributors are many of the most eminent American physicians and surgeons, whose writings have given to this journal a high reputation, both at home and abroad. Taking a huge stride from these matters to others, however, at this time especially, of scarce'y inferior interest, I would inform you that Judge Randall still continues indisposed, although now believed to be convalescent. His appointment to the place of the lamented Hopkinson has given very general satisfaction. He is an able and an upright man, and although not possessed of brilliant talents, is, without doubt, fully competent to the faithful discharge of all the duties of the responsible station to which the President has called him. Our community has been, for several days, in a state of high and painful excitement. The Penn Township, the Moyamensing, and the Mechanics' Banks, and the Manufacturers and Mechanics' Bank, have closed their doors within the last three days, and to-day there has been a steady run upon those Banks that commenced the payment of specie. Seven banks, including the United States Bank of Pennsylvania, have now closed their doors, and how many more will be forced into this position, it is quite useless to conjecture. This is a sad state of things, and all confidence is destroyed. SCRIBE. Youts, truly, [God knows we sympathize with the distresses of the People, and would sacrifice any thing to relieve them.-ED.]


Article from The New York Herald, March 23, 1842

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Philadelphia, [Correspondence of the Herald.] PHILADELPHIA, March 22, 1842. Moyamensing-Death of Condy Raquet-Judge Randal-Rumored Suicide unfounded-Fire--Dr. Lardner-Law Cases, &c &c. Our banks are moving along to-day under re- sumption, as quiet as ever. There is some talk here that the Moyamensing Bank is about to re- sume specie payments. It is stated that its Presi- dent, Mr. Solms, is in your city, with the view of making such arrangements as will promote this end. I do not, however, vouch for its truth. I deeply regret to have to inform you to-day of the death of our estimable citizen, Condy Raquet, Esq. He died last night about 12 o'clock. He was at the time of his death, President of the Atlantic Insurance Company, and also of the Chamber of Commerce For the latter post, probably no bet- ter man could have been selec.ed. He was one of the soundest political economists in the country. He was one of the very few, in the commencement of the late financial mania that overshadowed the country for so much evil, who thought correctly, aud who, thus thinking, wrote much and always well. Mr. C. was in the late war, a colonel, sub- sequently a member of our legislature, and after- wards editor of the Philadelphia Gazette. Such a man is ever a loss to society, but in the present crisis of affairs, such a death is felt as a national calamity. The newly appointed Judge Randal has become so far convalescent as to render it probable that he will soon be able to assume the duties of his new office, isto which he was duly installed at his cham- bers last evening. The sooner the better, the bankrupts are growing very impatient The examination of the case of Messrs Biddle, Cowperthwaite and others, upon a writ of habeas corpus issued by the Court of General Sessions, has been postponed until Monday, the 28th inst. A rumor this morning embodied in a paragraph, stating that Doctor Friess, the late cashier of the late Penn Township Bank, and proprietor of the American Sentinel, had committed suicide, by ta- king poison, I am assured from one of his family, is wholly without foundation. The Doctor is not even in the city, having left here for Baltimore on business, on Sunday morning. A fire occurred in the lower part of the city last night, which destroyed four houses and most of their contents. In one or two of them the inmates had barely time to escape in their night clothes. Doctor Lardner concluded his course of lectures last night, and considering the disagreeable state of the weather, had an excellent audience. He ex- plained the cause of his omission to lecture on water spouts and exhihit the diagrams, at his last previous lecture, which omission had given some offence, and at the conclusion of the explanation was warmly applauded. Business in stocks to-day was light. State Fives declined ½, and the discount on treasury six per cents run up to 3 per cent, at which rate $3000 was offered without finding takers, Broken bank paper the same as yesterday, 20 to 25 per cent discount. Exchange on New York ¼ to ½ discount. In the District Court yesterday it was announced that a decision in the cases against the directors of the late United States Bank, for declaring divi- dends out of the capital of the bank, when its busi- ness yielded no profit, would be made in the course of a few days. It will settle an important princi- ple, and will give rise to or prevent the institution of many other suits, as it may be either for or against the defendants. We learn from St. Augustine papers of the 12th instant that Col. W. J. Werth, the gallant com- mander of the Army in Florida, had arrived on the 8th last, from Palatka, accompared by Lieutenant Sprague, A. D. C. and A. A. Adjt. General; Sur- geon Harney, Medical Director; Lieut Humphreys. Topographical Engineers, and L. G. Capers, Esq. Indian Disbursing Agent. These gentlemen are all in fine health and spirits. We understand that Col. Worth and staff, will leave here again this morning, tor Fort Kink and Suwannee. ### IMPORTANT INTELLIGENCE. Recent intelligence from Major Belknap, at Fort Carroll, Pease Creek. informs us that he (Major B) has been successful in getting in the band of Assinawa, one of Sam Jones' chiefs, consisting of twenty-three warriors and sixty-seven women and children. The band was conducted in by Alligator, and Holartooche, of the Arkansas delegation, and Waxehadjo, recently a confederate of the Prophet and Sam Jones - This success will leave Sam and the Prophet al- most alone. The commands of the 3d and 7th infantry, under Major Nelson, now co-operating on the frontier of Middle Florida, between Tallahassee and the Su- wannee, have succeeded in capturing two squaws, a negro, and three children. These prisoners, by the last accounts, were conducting the troops to the strong holds and hiding places of the Indians in Cook's Hammock. A woman was murdered on the 1st inst. about 12 miles North of Fort Gilmer, supposed by a party a out five Indians. -St. Augus Neus, March 12, ### HEAVY VERDICT In the U. S. Circuit Court for the City of Washington, in the case of Stockton, Stokes & Ca. vs Amos Kendall, late Postmaster eneral, against whom the plainuffs brough an ac en for damages, arising from his withholding pay- ment of certain moneys claimed by them as mail Entractors, the jury on Friday returned a verdict f $11,000 damages for the plaintiffs.


Article from Lynchburg Virginian, March 24, 1842

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RESUMPTION. An adjourned meeting of delegates from the banks of the city and county of Philadelphia, was held at the Philadelphia Bank on Thursday evening, the 17th inst. Mr. Dundas in the chair. The following banks were represented, viz:-Philadelphia, Commercial, North America Farmers and Mechanics, Southwark, Moyamensing. Northern Liberties, Western, Manufacturers and Mechanics, Kensington, Germantown. The following resolution was offered, viz: Resolved, That on and after to-morrow, the 18th inst., the banks of the city and county of Philadelphia, assenting to this resolution, will receive on deposit an. in payment of debts, specie, or the notes of specie paying banks; and that they will pay out at their counters, specie or their own notes, exclusively, to all persons entitled to demand the same. The resolution was adopted by the following banks: Philadelphia, Commercial, North America, Farmers and Mechanics', Southwark, Northern Liberties, Western, Kensington, and Germantown. The other banks present, having accepted the Relief law, declined voting, stating that they are making arrangements for a speedy resumption. JAS. DUNDAS, Chairman. ALEXANDER CUMMINGS, Secretary. at Some of the Banks commenced paying specie yesterday, both on checks and notes, among them, Philadelphia, Commercial, Farmers' and Mechanics', and Western. It is gratifying to learn that the Philadelphia Bank received on deposit yesterday a larger amount of specie than it paid out. The "Relief" notes of the specie paying banks will be received on the same terms as other notes. [Phil. U.S. Guzette of Friday. 00 ANOTHER BANK STOPPED. -Thursday morning after a severe run upon it, the Mechantes' Bank of Philadelphia closed its doors. and is therefore in the same condition as the Pennsylvania, Girard, and Penn Township Banks. Runs were made upon two or three other Banks.The Manufacturers' and Mechanics', and the Moyamensing Banks, sustained runs and kept open until Thursday evening. when the demands were exhausted The U. S. Gazette says. that resumption has really commenced, and that gold and silver may be had for Bank notes in Philadelphia.


Article from Sunbury American and Shamokin Journal, March 26, 1842

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Broken Banks in Philadelphia. The following list of Banks still occupy their banking houses in this city, but their business is suspended, and their capital may be considered out of market. We annex their locations with the capital of each institution : U. S. Bank, located in Chesnut street $35,000,000 above Fourth, capital Schuylkill Bank, corner Sixth and Market, 1,000,000 Girard Bank, Third below Chesnut, 5,000,000 Pennsylvania Bank, Second below Chesnut, 2,500,000 500,000 Penn Township Bank, Sixth & Viee, Mechanics' Bts, Third above Chesnut, 1,400,000 Manufacturers' and Mechanics' Bank, 600.000 Third and Vlne, 250,000 Moyamensing Bk, Second & Chesnut, $46,250,000 Total amount of capital,


Article from Richmond Enquirer, March 26, 1842

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Money Matters in Boston.-The Boston Courier of Thursday afternoon says: The announcement of the failure of James Read & Co. to-day, for a large amount, has but added to the previous want of confidence in the money market. This is one of the largest failures that ever took place in Boston: the liabilities are variously estimated at from seven to eight hundred thousand dollars. The failure of Mr. S. S. Lewis, the agent for the Cunard steamers, for n large amount, was also announced to day; it is said that his name was on the paper of a firm that failed some days ago. Money is extremely scarce, and the banks themselves feel it as sensibly as individuals. The Banks in Philadelphin.-Matters went on smoothly on Saturday, with the banks. There was no run at. tempted on any of them. There were, as might have been expected, demands for specie, in small sums; but the receipts, it is believed, nearly or quite equaled the payments. This will, of course. continue to be the case, as nothing is received in deposite, or in the payment of notes, by these institutions, but specie or the notes of specie-paying banks. Our citizens have thus far be. haved with commendable forbearance, and it is hop. ed the monetary affairs of the community will gradual. ly resuine their wonted regularity.-Phill Sentinel. The Banks-The Times, &.C.-As far as the Banksare concerned, matters and things are going on now pretty easily. We said all along that a resumption of specie payments would set every thing right, and facts are fast proving the accuracy of our arguments. The excitement is dying away. Of the Banks of our city nine only are left, i. e., the Philadelphia, Commercial, North America, Farmers' and Mechanics', Southwark, Northern Liberties, Western, Kensingten, and Germantown. These redeem their paper in coin and per consequence, public confidence is being rapidly restored. Of course, however, business is tight. Thousands have lost considerably by the closed Banks, for the bro. kers take advantage of their necessities, and even the Relief Notes which should be at par, are bought at a discount of from 15 to 20 per cent. This is a serious loss, and will ruin many. Cannot some mode be adopted of lessening the evil? We hear it suggested that the Penn Township, Moyamensing, Mechanics and Manufacturers', and Mechanics' Bank, re-open their doors, and receive in payment of debts, each others notes. This would do. A great sacrifice would thus be avoided by the note-holders, and the Banks could daily make exchanges between themselves and withdraw their notes from circulation. Some arrangement should be made atonce, we think by these Banks to relieve an injured and suffering people.-Phila. Spirit of the Times. HUZZA FOR OLD SOUTHWARK.-Southwark has nobly redeemed herself! We rejoice at this demonstra. tion of probity on the part of her citizens, and hope we may never be compelled to record after any election in that district for the future, a result different from that of last Friday. The regularly nominated ticket succeeded by perhaps eight hundred majority. This is glorious! Mr. Grover too-with all his wealth, which he fondly imagined could accomplish anything-is no longer, we are delighted to perceive, a member of the Board. The arrogance of ignorant opulence will no longer rule that thriving district, and we may soon ex. pect to see the face of affairs there assume an expres. sion gratifying to every good citizen, and honorable to those whose exertions may occasion it. Huzza for De. mocratic Southwark:- Ib. Ohio Banks.-The Pittsburg Advocate of Thursday last, says: The twenty-two specie-paying banks of Ohio it is confidently believed will be able to sustain themselves. Some of the weakest have been heard from, and the account is that they were doing well; there being but little run upon them. Our own banks have not yet had official notice of the Resumption bill and it is not yet known what will be their course under it. One thing, however, is pretty certain, that is, that they will promptly comply with its provisions." DEATH OF A Mayor.-The Hon. Jacob F. Mintz. ing, Mayor of Charleston, died in that city on the 15th instant, of gout in the stomach.


Article from Democratic Standard, March 29, 1842

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# MONEY AFFAIRS IN PHILADELPHIA.- More bank failures.-Resumbtion.-Re- sumbtion has fairly commeced in Philadelphia. At a meeting of the Officers of the different Binks on Thursday evening a resolution was paased to commence in full yesterday some of them paid out specie on Thursday. The failure of the Bank of Penn Township caused a run on Thursday on several others, which ended in the stoppage of the Mechanics Bank, the Manufactures and Mechanics' Bank, and a considerable pressure on the Moyamensing Bouk. We copy the following account of the state of affairs from the money article of the Ledger: Yesterday was a day of great bustie and excitement with the people and two or three of our banks. The run on Wednesday against the Penn Township Bank, though it closed at the usual hour that day, with the ssurence of its officers that it would open and meet ail its demands the follo ving moroins trenched so deeply on its means that it filed to fulfil this promise, and, instead of meeting its demands, it remained closed. The announcement of the failure of the above Bank soon spread throughout the city, and the consequence was a general distrust of the Mechanics Bank, the Manufacturers and Mechanics Bank and Moyamensing. A run commenced on all these soon aftor opening, by their note holders and deposi ors. The Mechanic's yielded to this run a few minutes before one o'clock, and clossed its doors. Though two or three hundred persons were present at the time of this occurrence, those who were inside as well as those who were in front of the builaing. quietly dispersed. The run here was so short that unless the demands were for deposits, the iustitution must have stopped full handed or else was very poorly supplied with means. At the Manufactures and Mechanics' Bink the demand was almost entirely from note holders, and it was kepet up unceasing pressure at all sides of the counter, from the opening of the bank until some time after usual hour of closing. In the evening the D rectors met and come to the conclusion not to open the bank, for "the present." At the Moyamensing Bank the run was later commencing, it creaditors being tolerably quiet uutud about the time of the stoppage of the Mechanics. From that time until about 1 o'clock there wisa heavy press about its doors, and though the demands were numerous, the amounts appeared to be generally light, and almost entirely from note holders. Scarefly a depositor drew out any money - Here, at the manufactures and Mechanic's Book payments were made in funds that the brokers have been dealing in for some weeks, at a discount of from 10 to twenty per cent. This kind of currency tended considerably to check the demand as a numner refused it altogether. It wis a profitable operation for the bank, and its officers seemed disposed to make the m stof i instead of discouraging the run, they rather courted it, and closed the doors only when there was no further demand. Although there were collections around all these institutions, and many held notes on which they expected to be losers, there was no where visible ill feeling or noisy dissatisfaction. All seemed to look up you these failures as in some measure necessary to reach a purer and more wholesome state of things. Around the brokers offices there were clusters of people, but these gentlemen pretty generaliy refused to do much basiness. They, too, evine red much distrust and several of them having been losers recently to considerable amounts, chose to forego seeming profis to incurring the risk of further loss. The resuming banks are the Philadelphia, Commercial, North America, Farmers and Mechanics, Southwark, Northern liberties, Western, Kensington, German-town.


Article from Jeffersonian Republican, March 30, 1842

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The Banks and Money. The Banks in Philadelphia, mentioned in our last as having resumed, continue to pay specie for all their liabilities. The run on them has ceased, and they go on doing business again, just as if no suspension had ever taken place. The Moyamensing, and the Mechanics' Banks, who were obliged to close their doors at the time of general resumption, are making efforts, it is said to re-open shortly and pay specie. The Relief notes, and the notes of the broken and suspended Banks, still remain at a heavy discount. The Faston Bank pays gold and silver for all her notes, and goes on swimmingly. She was the first one in the State to resume, and is sound to the back bone. The Allentown Bank is still under suspension, and its notes are at a discount of from 10 to 15 per cent.


Article from Richmond Enquirer, April 1, 1842

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Philadelphia, March 24.-The Marble Banks in this city have generally been very unfortunate institutions Out of the eight suspended banks here, six of them occupy costly and elegant marble edifices, constituting some of the best specimens of architecture in the city. The Schuylkill and Moyamensing are the exceptions. The latter bank, we notice to-day, still has its windows "bowed." We do not understand whether it is the public, the stockholders, or the officers of the bank, who are most deeply interested in this mourning. The Relief Notes, which constitute a large proportion of the currency of the city, continue wretchedly depreciated. Most of the banks which issued them are closed, and their vaults are as speechless as the brick with which they are erected. Something should be done, and that should be done quickly. The sound Banks cannot at once supply the currency, and these notes must circulate, especially for the convenience of their size. Those institutions which are closed should give the public some idea of their means of redemption, or at least, the time when it probably will be done. The public have a right to demand this at their hand. [Gazette.


Article from New-York Tribune, April 20, 1842

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Commercial and Money Matters. TUESDAY, P. M. There was a large amount of business done at the Stock Board to-day, and there was a very buoyant feeling prevail- ing. Almost every description improved, Del. & Hudson went up 1; Mechanics Banking Association 2; Utica and Schenectady Railroad ; Harlem 1; Long Island ; New Jersey 1; Mohawk 24; Paterson 2; Canton. Mohawk cash stock is very scarce. Statestocks are very firin. State sixes improved ; Ohio sixes it. For Kentucky bonds 734 was offered: Ohio sixes have advanced 17 per cent since the large sale at auction about a month since. 6,000 N Y 6' '62... 86 2,000 India 5s...s 3 days 184 1,500 Chio 6's, 156... 67 3,008 dob 3 days 184 1,000 Illinois 65, 70... 143 2,000 do3.3 days 184 Some Sterling bills are selling at 64 a 7, and Franes at 5 40, but the demand is not large. Mobile exchange is a shade worse to-day, but the varia- tions generally are not material. We quote-- Philadelphia....par a Montgomery....23 a- Baltimore....Ha Tuscaloosa....24 a- Virginia....7 & 7g New-Orleans....61 a 61 North Carolina....51 a 51 Nashville....1k a 20 Charleston....1 a 12 Louisville....6a 6 Savannah....2 a- St. Louis....24 a- Augusta....21 a- Cincinnati....7 - Mobile....22 a224 There was an improved demand for Treasury notes, but the rate did not improve. We quote l a 14 per cent. There is a much better feeling in Wall street to-day, and paper has been in good demand at lower rates than pre- vailed last week. Some of the banks are in want of good paper, and alt that class money is easily obtained. Altogether there is much cheerfulness and hope atmong monied men, and better times are looked for as immediately at hand. The City Bank has declared a dividend of four per cent for the last six months. It appears from a partial examination made by the Rhode Island Bank Commissioners into the affairs of the Pascoag Bank, that the public cannot lose by this institution. It circulation is only $11,000, for which the private property of the stockholders is held. The Savannah Republican of the lith iust says:--" We learn from a gentleman who arrived in the cars last evening, that the Governor has issued his seire facias against the Hawkensville Bank, so that this institution will be at last compelled to go into liquidation." Bicknell's thiladelphia Reporter says:-- We notice with pleasure an improvement in our money market The periods for the largest payments of the Spring have gone by, with much less difficulty than was at first ap- prehended. The failures have been few and far between.- Our banks have more specie and specie funds on hand at the present time, than they had the day the resumption was at- tempted. The banks are discounting, but with modera- Lou. None of the suspended banks have yet re-opened.- We hear, however, that the Mechanics and Moyamensing, are both making vigorous efforts to such an end. Fair paper, out of doors, I to 14 per cent. a month. U. S. Bank notes60 a 70 Penu Township notes. 20 a 15 Girard notes50 a 60 Manu & Mech, notes. 20 a 25 Pennsylvania do10 а 15 Моуamensing ustes.. 20 a 25 "Reliet" notes10 a 15 Specie-par. Mechanics' notes20 a 25 We believe that some of our American merchants are in- terested in the following notice, which we find in the Lon- don Sun of March 28: The Belgian Chamber of Deputies has voted a sum of 8,000,000 ot francs, payable in Belgian three per cest. stock at par, as an indemnification to the owners of merchandise destroyed in the entrepot of Antwerp by the bombardment of 1831. The New Orleans Bulletin of the 9th says:-"The period is near at hand, when the stockholders of those banks whose directors have accepted, provisionally, the "relief" law, and its supplement, must finally confirm or reject the accept- ance. It is generally believed that the acceptance will be rendered complete by the stockholders." # Markets. ASHES-The market has been nearly cleared of Pots, aboat 60 bbls. at $5 874 a 86, and 150 bbls. Pearls at $5 37 a $5.50. COTTON-Buyers are asking a decline on the lower qualities FLOUR-The market for Genesee continues heavy, and no doubt $6 25 would be accepted if offered. Sales Troy atloat at $6 183. A lot of 200 bbis New Orleans brought $5 91; Ohio Canal $6 a $5 25. Sales 300 bols. Richmond Coun- try at $5 75, Georgetown $587); Brandywine $5 314 a $5 87; 50 hhds. Brandywine Meal sold at $14 50, and 200 20. Rye Flour at $3 25. GRAIN-A parcel of Jersey Wheat is in market, which 127c in otlered, 128c. asked. Corn is in demand and improving. Sales about 1000 bushelk Northern at 62. weight. 200 bushels Rye sold at 61c. delivered. Onts were in fair demand-Northern 45 a 47, Jersey 38 a 42.


Article from New-York Daily Tribune, June 2, 1842

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Treasury Notes continue in demand, for investment, at par and ¼ discount. We understand those which are overdue are being redeemed at Washington. One hundred thousand dollars of the United States Treasury Certificates, issued for claims under the Mexican Convention, have been offered at auction and 100 sold at 6½ per cent, when the balance was withdrawn. Ten suits were instituted on Tuesday against the Moyamensing Bank on its notes and are to be heard before Alderman Hay, on Saturday next. The Evening Journal says, no doubt the parties who have sued will get their money, and advises every one holding the notes of this and the other three suspended banks to follow this example. A half yearly dividend of three per cent has been declared by the Mechanics' Bank of Baltimore. The Gas Light Company of Baltimore has declared a half yearly dividend of three per cent. The following are new counterfeits: Chatauque Co. Banks, Jamestown, New York. 20's altered from 8's. They can easily be detected by observing that the vignette on the altered notes represent a "group of cattle," whilst the genuine 20's have a heathen divinity in a recumbent position on the right, and a horse on the left of the bill. Bank of Sandusky, Sandusky, Ohio. 5's, letter B, payable to C. H. Barber or bearer: The words "five dollars" badly executed, the letters being crowded together. Signatures tolerably well done, though the general appearance of the bill is bad. STATEMENT OF THE BANK OF COLUMBUS, May 10, 1842.


Article from The New York Herald, June 16, 1842

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Philadelphia. [Correspondence of the Herald.] PHILADELPHIA, June 15, 1842. War of Extermination. against the Brokers-Moyamensing Bank handsomely shaved-Wine SaleSlave Case-Acquittal of Blaney-Absynatulation, &c. I am informed to-day that a bill has been reported to the legislature of this State, laying a tax of two thousand dollars per annum upon all persons engaged in the brokerage business. The object, it is understood, is to break up the business, under the fallacious idea of the Solons in the councils of the State that the brokers are the sole cause of the depreciation of ("Relief" and other irredeemable notes Some of these legislators, to my personal knowledge, are under the impression that the whole amount of discount on country bank paper is broker's profit. With such stupidity it is useless to reason. If the legislature would like country bank paper to pass at par, let it require the issuers of it to respect the promise which it bears on its face. The Moyamensing Bank, which, in order to avoid the taking of its own paper in payment of debts to it, passes its bills receivable over to the specie paying banks of our city for collection, was handsomely caught a day or two since. A person who had a note to pay called before it was due for the purpose of taking it up. The clerk at first said the bank hadn't it, but on seeing in the payer's hand several notes of our specie paying banks, requested him to wait until he made more particular inquiry of the cashiers. He did so, and in a few minutes returned with the note in his hand, which he handed to the drawer of it, and took in exchange his roll of bills. The clerk soon saw that with the exception of a trifling amount, the whole sum ($3,400) was of their own depreciated paper, and was about handing it back, when he discovered that the owner of the note had already torn his name off of it, and was quite willing to exchange back. It was a well played trick, and richly merited. The conduct of some of our suspended banks would disgrace a common pickpocket. The balance of the superior wines belonging to the estate of the late John Vaughan, sold to-day at a reduction in price of about sixty per cent on the former sale of simi lar wines in November last-and some of them at a redue. tion of five hundred per cent on their cost-the joint fruit of temperance and the hard times. Proceedings have been instituted before Recorder Vaux, against Alderman Binns, for a misdemeanor in office, based upon the allegation that he did not keep a copy of the warrant issued by him for the arrest of Mary Lowden, the colored woman who was taken from this city three weeks ago, an alleged slave; and also against Constable Crawford for failing to execute the requisitions of the warrant. These proceedings have been brought at the instance of the Abolition Society of this city-Thomas Earle, Esq., the late abolition candidate for Vice-President, acting as their counsel. : The Jury, in the case of late High Constable Blaney, came into Court this morning with a verdict of not guilty. County to pay costs. We have a rumor to-day of another absquatulation, and defalcation for $5000. The alleged delinquent is a treasurer ofone of our churches. Norton's complementary concert comes off to-morrow night. Not much done in Stocks-prices as yesterday.


Article from New-York Daily Tribune, February 1, 1843

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MONEY MARKET. Sales at the Stock Exchange, Jan. 31. 84 $6,000 Kestucky Sizes 94 $500 State 5s, 1845 29 $1,000 Ky bonds, short Pn 85 do 1858 $2,500 201 $5,000 Illinois 6s, 1870 $10,000 N. Y. St. 5js, 1861, 93) 221 $1,000 Indiana Bods 934 do $5,000 10S1 100 shares Fulton Bank $1,000 State Sixes, 1860 100 50 100 1861 89 Franklin Bk, Cincin. do $1,000 100 30 Canton Co 16 1862. do $4,000 25 Obto Life and Trust. 484 1041 State 7s, 1848 $1,500 50 L Island Railroad 69 481 Ohio Sixes, 1860 $1,300 b do 70 90 200 48é ds do $5,000 62 693 25 Manhattan Gas Co do 81,090 113 70 Utica & Sch. R R 69, do $5,000 834 8 Boston & Prov 881 $5,000 Kentucky Sixes SECOND BOARD. 50 Harlem b 60 aft 30 ds. 16 $1,000 State 6s, 1862 bSd 100 b60 ds 161 50 do 20 $1,000 Illinois 16 150 do do 201 $1,000 13h 69 25 Treasury Loan $10,000 Ohio Sixes Commercial and Money Matters. TUESDAY P. M. The sales of State stocks were again very large, reaching upward of $70,000 par value, and at improving prices. Fivesand-a-half improved & per cent, Sixes 1-selling at par; Ky Sixes 17. Obio Sixes went to 70, but finally closed at 69, with more offering at that price-an improvement of 1 per cent For Government Sixes 101 was offered. The market for Foreign Exchanges for the steamer closed with considerable firmness at 51 a 5); Francs 5 45. Alabama continues to improve slowly. Mobile is worth 12 a 13; Tuscaloosa 11 a 12; N Orleans !at prem;; Central S5 a 374. The New Exchange Board will commence business on Thursday next at No. 18 Wall-street. The public are to be admitted to the Bourse on payment of a small fee. The United States Bank in New-York has withdrawn all its securities lodged with the Comptroller, and in lieu thereof deposited in the American Exchange Bank specie sufficient to redeem all the notes in circulation. Bicknell's Philadelphia Reporter says: Relief Notes have improved very considerably since our last, probably because of the action of the Legislature upon the subject. The issues of the specie paying banks, are at discounts varying from 6 to 8 per cent; those of the country, non specie pay ing banks, at discounts of from 8 to 9 per cent., and those of the broken banks, at 10 to 11. Money continues abundant, and may be procured on undoubted security as low as 5 per cent. Treasury Notes were in demand at the close of the week, at from to 1 of one per cent. premium. Two of the suspended banks of our city, viz: the Manufacturers' and Mechanics', and the Moyamensing, talk of resuming soon, but this is getting to be an old story, with regard to these institutions Business was never more inactive with the Brokers. The notes of the Lewiston Bank were selling yesterday at 73 a 8 per cent. discount. Northampton at 28 a 30; Carlisle, York, Gettysburg, Chambersburg. Northumberland, Middletown, and Lebanon, 62 a 71; Alabama, 14 a 14}. The following are some of the principal items in the statements made to the Legislature by the banks in East Jersey


Article from New-York Daily Tribune, April 26, 1843

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and Money Matters. TUESDAY, P. M. Atboth Boards to-day the sales of State Securities exended $200,000. Prices were generally firm, and Ohio firs went to 75, a farther improvement of 1 per cent.Rate Fives went up 1. Kentucky fell off 1 per cent.; 1a. inco Foreign Exchange is very firm and Bills scarce. Sterling Fa7; Francs 5.371 a 5.35. The Yates County Bank has redeemed fifty thousand del. of its circulation since the run commenced. Its friends wenthat they will not let it stop. Thampson's Bank Note Reporter says: We last week cared that fifty dollar notes of the Bank of Buffalo, pericly new, had made their appearance in this city. Since to seen more of them. They never come directly but are palmed to some up Wall-street, have off town' be bro- reNo broker will buy them unless guaranteed to noed in by the Comptroller. This discovery has made the of other broken Safety Fand Banks a drug in the marD. D. to the our as joies bel. We place Bank of their Buffalo, in for, list, be accution to the public not to touch notes. We line. the Comptroller will very soon stop redeeming them. Tx notes of the Commercial Bank of Buffalo are 35 to 374 percent. discount." The Bank of Louisville and the Northern Bank of Kenarky hare voted to accept the late law of the Legislature, stated an act to amend the charters of the Banks of KenThe says: are loans contemplated to with as little as ady. insed sill be the made Lexington Intelligencer delay be possible. made under The We this districts law inbefore desiguated will be attended to as soon as the acthe Bank of Louisville is known." At a meeting of the stockholders of the Mechanics Bank of Mw-Haven, it was decided. by a large majority, to reare the capital stock of said Bank and resume the payment dividends, according to the law passed at the last session (the Legislature. The Bank Commissioners, as one of their last official acts, usejust taken an account of the specie now in the Banks of Iston, the result of which shows that they are in a very sifying condition. The gross amount of specie in all of in at the close of business on the 21st inst., was $100,000; while the estimated circulation was only about 1,690,600, or but little more than half the amount of specie hand. At a meeting of the stockholders of the Milbury Bank, it was decided that the Directors so shape their aras to autumn, instructed at the derwise agements less., wind up its regular affairs meeting in the of the stockhold- unless will in October next. It is thought that the stockholders realize from 50 to 60 per cent. on their capital invested. Bicknell's Philadelphia Reporter of to-day says: The resumption by the Bank of Pennsylvania is fully successful, and seems to afford general satisfaction. We are told that of the $2,100,000 which the Bank owed in February, 1842, $1,400,000 was paid before the year 1813 came in. Of the amount of indebtedness, $867,000 was paid on account of the commonwealth. The money market is without change. The rates for good paper are from 5 to 6 per cent, per annum. We never knew money to be more abundant. The Banks cannot get enough of the right kind of paper to discount. The Moyameasing Bank resumed last week on all her liabilities for Relief notes. Specie continues plenty. Country paper is Emewhat worse. The rates yesterday for the Banks named were as follows: Chambersburg, York, Carlisle, Gettysburg and Middletown held; Harrisburg 41; Susquehenna County 15; Wyoming Bank Sa9. The whole debt of Arkansas amounts to $3,660,000, of which ouly $2,676,000 were issued. These bonds were isfor banking purposes, and the loans made by the Banks mostly to planters, secured by mortgages of their planations. As the Banks willingly receive State Bonds in discharge of the mortgages, the debt is in a fair way of being gradually extinguished. The import of specie into Boston from January 1. 1843, the 22d inst., inclusive, was $3,949,739 in gold, and $89,520 in silver. The export during the same period was $46,146 in gold, and $157,491 in silver.


Article from New-York Daily Tribune, May 17, 1843

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BY THIS MORNING'S MAIL. Things in Philadelphia. Correspondence of The New-York Tribune. PHILADELPHIA, May 17. 1843. COMMANDER MACKENZIE.-Before Judge King yesterday was heard the application in the matter of Com. Read and Capt. Gwinn. who declined testifying ou a commission it sued in your City-John M. Read and Benjamin Gerhard Esqs appearing in favor of compelling answers, and Wm B. Reed Esq. against it. The decision of Judge King was postponed for the present. It appears to be a question of privilege, however, whether the gentlemen mentioned shall be compelled to disclose the vote on the acquittal of Capt. Machenzie by the Court Martial of which they were members FIGHT-- disgraceful pugilistic fight came off last ever. mg in Kensington, between two men named Jackson and Stewart. About thirty rounds were fought, after which one of the parties was arrested and committed. the Italian. who attempt-d to take the life of Mayor Scott, died last evening about S o'clock In his cell in the Movamensing prison, from the effects of the injo ries intireted upon himself since his confinement. Row IN COURT.-During the trial of Hatchinson, yester. day afternoon in our Criminal Court, an altercation ensured between Benjamin Brewster. Esq. and Mr. Getfleib Scherez, in which Judge Parsons had to interfere, when he threatened to commit Mr. S. to prison. The jury in the case of young Hutchinson, charged with obtaining goods under false pretences, were discharged this morning, being unable to agree. MOYAMENSING BANK-This institution, since its pretend. ed resumption. has become a regular Tyler affair, and strong efforts are making to induce the General Government to select is as its Fiscal Agent in this city! It is not altogether improbable, but they may be successful. vet the people of Philadelphia never will again trust it although the General Government may. It of course has the influence of Perter, Brodhead, Solms & Co., besides Sutherland, Burden, and a host of others. ! hear of nothing new in Exchanges. Mobile remains at 15 a 16 per cent. discount. There is no change whatever during the last week in the rates of discount upon Relief' notes, and the demand notes of the various suspended Banks throughout the State. Good paper is freely negotiated at 5 a 6 per cent per aum, and I have heard of its being dane as low as 4 per cent Money appears abundant, and business evidently firm and auimated in most occupations. There is unquestionably a large amount of capital now lying idle in Philadelphia, which, when once brought into active use. will give an impulse to the business prospects of our city, that can only be equaled by the stirring periods gone bv. An active business prevailed in our Stock Market to-day, particularly loans. Tennessee Fives improved 3. and were firm at 753. Prices, generally, were fully maintained The following are the sales: $2000 Tennessee Fives, at 751, 115 shares Girard Bank at 4}; $723 Camden and Amboy Bonds at S1); $1000 Tennessee Fives at 751; $2200 Pennsylvania Fives, 1864, at 441 $957 Camden and Ambor Bonds at 85 : $5300 Alms-house Fives, 1560. at 90; $1440 Schuylkill Navigation Fives, 1855 and 256. at 75; 53 shares Mechanics' Bank at IS, $2000 Pennsylvania Fives, 1853, at 45 : $1000 Reading Bonds, 1530, at 561; $1000 Lehigh Sixes, 1845. at 35; $2000 Tennessee Fives (B.O 5 ds.) at 75 $200 Lehigh Mortgage Loan at 60 ; $4000 Tennesse Bonds at 75 40 shares Kensington Bank at 40.