Article Text
THE STATE FINANCES [From the Philadelpais times, sext. 25 In the midst of our Associal difficult illes, we sun painful facts record the last Legislature passed appr reprissing $60.000 or upwards to the of certain class canal claims These claims have perfected by the and prepared legally for soltle ment. They have also been preser ted to the Oanal Board, whom they must be One day last week the Casal dis to met charge ithe duty thus upon them law Much one, to the surprise every they suddenly without any action, started from Harrisburg to Phills delphia, in company with the State Treasu What was the cause of this sudden Had they board financial news which alarmed them? Had funds of the which they had been speculasing been swamped some of the financial failures berngoing on Were the funds of the State deeply volvedthat would the there get ry to have issued for the $60,000? funds loabed to banks in this olly no- be contrary to law? Are those Institutions unable refund once, and must the honest redkors of the State awais one banks' the of payment of their just claim Will those 450 have patiently years have still to longer, because tiemen intrusted with the danneise of the choose to peoulate upon them? This question that demands and must answer the will go up from all parts of th State. become of the funds in the treasury! to have another operation? Let the people look well We are already taxed heavily enough without having to pay future defl ciencies that may ariae from mismanagement. Look to lt THE MONEY PANIC RUN UPON BANKS. the [From Philadelpic Ledger fever The of yesterday owing specie of Bank the sylvania, the very gener that banks would do likewise At an early hour in the morn Ing. crowd gathered in the vicinity of many these Ine. not doora their were totions, and before open long became apparent that there would be run upon them The ann of ouncement specie of suspension by the Bank of Pennsy Ivania as made, and the policemen stationed at the gales prevent the en trance all who had not busines with the officers The following. signed by the cashier, complouously displayed at different points along the railiz g surrounding the buildin Resolved That this bank suspend specie payments until further The crowd that gathered about the Pennsylvania Bank soon there was Hule or there of reat of during the the the day rard Bank, different Groupe of persons, die cursing the all exciting topic were gathered there from ially the time of the opening to the close off) in the announced the course checks morning would that not be paid until after o'clock We learn the they were the not to notes the redeemed though paid, up of closing In the course of the day there was CITY the in banks, though many holde the made five more In the mo ning. one o'slock. the the and Mechanica' Farmer very heavy continual going late the back, and line room long the paying from are sons. Before o'clock the excite had abated and but persons the At the Philadely his and the estern Bank almost al bio rush the day and Bank of Commerce understood that these heir and paid upon Bank The the deprestions. City probably greater than upon any of the others day there line desk from reaching into saying two street aftern from which, yards long twenty be of bank persone entering step lled line. While being en check, lady her push must that and told had back he the The considerable but Pena Liberties Manufacturers and Houthwark the and had Township. for demand the than ordinary specie. The upon the banks the the stores cousting rooms and market workshops about all croeds the In places the others and banks bamble men circum laboring in ances could be seen who were there evidently for the purpose of aining specte gle note two The panic reemed, to have affected other classes. broughout the day notes of the banks held la bad repate ererefused by shopkeepers,and the specie instated upon in payment of purchases made SCENER IN PHILADELPHIA. From the Philadelphia Bulletin, Sept 26. The excitement about the city monetary institutions. do earnest good eaterday. is whichcommenced and veloped itself f in general FUD on the bank. this morning but the terror to this morning belonged to a different class from that which promineal and took a run about The Friday esterday half of dollars out of the vaults of the different institutions. and the presidents of the various banks met yesterday afternoon and determined to redeem their small notes only, 0.day This determination vas 1000 ally last night and to-day is was announced in all the papers. This morning the people w ho do not road the afternoon newspapers first learned of the run. and every Individual e of this class who bad five dollar bill stowed away for rainy day, became uneasy for fear of the consequences. they rushed down bright and early to the neighbor hood in which the backs located THE THE BANK DOORS ABOUT SCRE Long before business hours crowds persons gathered upon the steps of the principal banks and leaned up against the doors as though they were funds thatthere were conviction sufficient to harely their demands, and unless they quick getting inside, some fortunate individual would obtain she ouve.ed gold. Most of these eager Individuals were either Irish or Ger mans, and the latter. carticularly. appeared terrified at the fear of meeting with los Among the throng were numerous women, too, who were alar ned the reports which were flying about thick and fast. several the doors the banks were opened before their usual and females and Infirm persons were invited Inside efficers of the insus ations When ten o'clock arrived and the doors were opened to the public, the oene was amuing: the described rushed up pell mell to he paying teller counter. and patielly awaited their turns. As the great majority of the redeemed their smaller bills, these frightened note holders soon relieved of their paper and their fears, they went their rejoicing. All this was a complished without much cost. for very few of theme early birds had more than single five dollar billtooffar, and avery little specie went great way in sathfing their claims. BANKA 11 the banks day checks. but they all marked them "good and checks were then used in of bil and taken deposit by the banks The Mechanica' Bank paid all its notes In there was little to the teller's door of this Institution the following notice 'MECHANICS' BANK PHILADE 26.b. 1857 This bar will pay adida Depositors obecke not be paid. but will be marked "good, so ked by other banks will celved.in payment of debts this institu ion The Bank of North America. sae Tradesmen's and the Southwark Bank also paid all their notes large or email The Farmers and Mechanica' Bank paid all Its notes within the mination of $10 The following redeemed their five dollar bills specie. they decilined to change larger notes mercial. Commerce. and Mechaning' Northern Liberties, 'biladelphia, Giard and Kensington. WILL Rome of the note holders who privately assured friends their of the bank being pleasantly asked they while others wanted who These small silver, desire who expressed accommo and their to much dalling course the note holders in immensely good The course by the banks had the excite During onteideo building banks police strong duty during the day to prevent the streets being blocked up by the of lotterers LINE LINE GIFT IN Early in the day there line of say afteen or twon ty persons at the South wark Bank Twopollcemen were stationed the door ardeously laboring to keep the "queue" right. One of the "stare, however, created more trouble than every body else, by seizing each person
