5376f0e5Accommodated withdrawals
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A foolish run was made upon the Southwark bank of Philadelphia on the 3rd and 4th instant, but the holders were met by R prompt accommo. dation of the specie. The Bank kept open on the 4th, till 9 o'clock P. M., that none might go away dissatisfied. This went far to restore confidence
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From Bicknell's Reporter, April 10. MONEY MATTERS IN PHILADELPHIA. TRE MONEY MARKET-THE DELPHIA. The pressure in the money market will contin. use. Since our last, several additional failures have occurred in New York, and one or two in this city. The truth is, nearly every one has become infect. ed in a degree with the panic; and in some instances it may be, men have become alarmed and have stopped payment, who, with any thing like an of fort, might have keptoo and weathered the nam. During the early part of last week, same wag in. vented and gave currency to a silly rumor with re. gard to the Southwa.k bank, and is the course or that day and the next, a EMAS was made upon it, to the extent of $20,000 or $30,000. We need scarcely add that the demand was promptly met, and gold and silver paid out at the option of the applicants. The result of all thisis, a general want of confidence; and a suspension of purebases on time. Capitaliess who may have money, and perhaps there are as many in Philadelphia as in any city in the Union, cling to it with the tenacity of a mi. ser to hisgold, and keep it locked up in the vaults of our banke, apparently afraid to loan it out,oven on the best security. It is proper for us to add, that the condition of affairs in the south has tended very materially w affect the credit of the banks in Louisiana, Minis sippi, Alabama and Tennessee; and at this time, the notes of those institutions are not purchased by the Philadelphia brokers, at any price whatever. This is perfectly natural, as the banks alluded 10 have, it is said, suffered materially by the recent failures of the south, and our brokers therefore feel some alarm. From the Philadelphia Herald, April 11. The New York papers of yesterday speak are of We things being easier there on Saturday. glad to hear it, though judging from the number of failures which occurred there on that day, we must suppose it was bad enough before, If it was easier when ten or twelve failures, some of them large houses, took place. Weare happy to say that less pressure for money was felt here yesterday, than had been felt for some days previous. But one stop page occurred here on Saturday-2 leather dealing house-and none, as we have yet heard, yesterday. Were full confidence once more resored, money would be tolerably easy again with u but it is the Inovitable effect of such times as the promat n