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Rev. C. R. Vaughan has withdrawn from the pastorship of the 1st Presbyterian church in Lynchburg, in consequence of impaired health. The Bank of Newberry, S. C., suspended specie payment last Tuesday. ill. Judge Potter, of Edenton, N. C., is dangerously There were 21 deaths in Charleston for the week ending the 17th inst.
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THE KEOWEE COURIER. The Money Panic. THE HERMITAGE.-Gov. Johnson, of TenPennings and Clippings. The condition of monetary affairs are no nessee, reports the purchase for the State of NEW ADVERTISEMENTS-There are a numbetter. The pressure, in fact, has become the Hermitage, and its tender to the Federal ber of new advertisements in our columns general, and many of our own banks have Government. In case the tender is not acIt is this week, to which the attention of the pubbeen forced to suspend specie payment. The cepted, the Governor recommends that the I am f lic is directed. Bank of Charleston, Union Bank, and the property be retained as a residence for the catego State Bank, in Charleston, and the CommerCorron.-This staple is only now bringing future Governors of the State. theref 12 cents por pound in Charleston. But a few cial Bank, in Columbia, the Bank of Chester, GETTING FRIGHTENED.-Gov. Fletcher, of torial = and the Bank of Newberry, continue to reweeks since it reached as high as 16 cents! Vermont, in his recent message to the Legisladeem their bills in gold and silver. The bills THERE'S AN EXAMPLE FOR You.-A numprogre ture expressed the fear that slavery would be of the suspended banks, however, continue ous, al ber of young ladies in Salem, Mass., having introduced into that State. The Boston Post to be taken as heretofore, and are thought to considered the state of the money market and somet] says that the Green Mountains which make be perfectly good. determined not to pay ten or twenty dollars stand up that State, are in winter white as snow, The extravagant speculation of the people, for a winter bonnet, have set about making that p but Gov. Fletcher is an evergreen. bonnets for themselves. suporinduced by the extraordinary expansion are co of our bank currency, has been the prime CHICAGO, Oct. 12 -A destructive fire broke NUMBER OF BANKS IN THE UNITED STATES. velope cause of the pressure, and inflated the price out yesterday morning in State street, desThe number of Banks in the Union, on Janmake of almost everything to an extent perfectly troying the entire block between Monroe and uary 1, 1857, was 1,255, with 143 branches. banner alarming. Revulsions, sometimes periodical, Adams streets. The buildings were mostly Their capital was $443,874,272; loans and are the fruits of such folly, and, disguise it those frame. The loss by the fire is estimated at discounts, $634,783,280; specie, $59,314,063; as we may, we are now in the midst of one, $125,000. there = circulation, $195,747,950; deposits, $212,705, founde whose pent up fury had best be reckoned by THE LAST OF Ir.-We have to announce an662. The amount of capital employed by distric the death-like inactivity and apathy that now other incident in the Burdell murder case, private banking establishments, without char of the prevail in business circles. which has furnished New York with an exters, was estimated at $118,086,000 man, I The recent monthly statement of the banks oitement that endured unprecedentedly long. worke to the Comptroller General is suggestive of THE LIFE OF NATIONS.-The natural life of Mrs. Canningham, who has been undergoing old ma future difficulty and trouble. The circulanations, as well as of individuals, has its fixtrial, failed to appear at Court on Tuesday, things tion of bills of all the banks of the State is ed course and term. It springs forth, grows and her counsel says he has no knowiedge of men., $7,105,170, and the specie in their vaults, for up, reaches its maturity, decays, perishes. her whereabouts. sician, the redemption of these bills, is set down at have a Con. PRESTON.-The friends of Col. Preston HORRIBLE TRAGEDY IN ARKANSAS.-The $999,3991 The times are pregnant with evils a WA will press his claims for the post of U.S. SenBastrop (Texas) Advertiser of the 23d ult. of almost every character, but none can effect should ator before the Legislature this winter. says that on the 14th, Mrs. IIill, a widow, rethe country SO seriously as the present alarmflag h siding near Berlin, Arkansas, and a negro ing condition of monetary affairs. it a lit BOSTON, Oct. 10.-A stranger stopping at
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BANK OF Newserry.-The Rising Sim says: The Bank of Newberry has suspended. It was compelled, in the midst of the suspensions occuring, to do this. Its deposits were locked in other suspended institutions. Yet the bank is sound. "Note holders and depositors need not apprehead any loss, unless in their panic they choose to sacrifice their securities. The immediate liability on bills and desposits is about five humdred and fifty thousand dollars. This is but a small proportion of the assets of the bank, which are unquestionable. Its discount line, its bonds, its exchange, its stock, &c., all of which are realizable, in a limited period, are nearly double these liabilities. In addition to the amplitude of the assets and the general soundness of the bank, the stockholders, is case of failure, are liable in a sum of twice their amount of stock. and are worth every cent of five millions of dollarsmore than this, they are the bone and sinew of the country."
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BANK OF NEWBERRY.-The Rising Sun says: The Bank of Newberry has suspended. It was compelled, in the midst of the suspensions occuring, to do this. Its deposits were locked in other suspended institutions. Yet the bank is sound. "Note holders and depositors need not apprehend any loss, unless in their panie they choose to sacrifice their securities. The immediate liability on bills and desposits is about five hundred and fifty thousand dollars. This is but a small proportion of the assets of the bank, which are unquestionable. Its discount line, its bonds, its exchange, its stock, &e., all of which are realizable, in a limited period, are nearly double these liabilities. In addition to the amplitude of the assets and the general soundness of the bank, the stockholders, is case of failure, are liable in a sum of twice their amount of stock, and are worth every cent of five millions of dollarsmore than this, they are the bone and sinew of the country."
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BANKS IN SOUTH CAROLINA. We copy the following from the Columbia South Carolinian, of the 30th instant: COMPTROLLER GENERAL'S OFFICE, } Columbia, Oct. 28th, 1857. Messrs Editors: Allow me the use of your columns to answer the numerous inquiries made of me as to the banks in this State that have suspended specie payments, and those that still continue to pay coin for their bills, viz: Suspended Banks.-Bank of the State of South Carolina, Branch Bank of the State at Columbia. Branch Bank of the State at Camden, SouthWestern Railroad Bank, Planters' and Mechanics' Bank, Bank of South Carolina, Bank of Hamburg, Bank of Newberry, Exchange Bank of Columbia, People's Bank of Charleston. Banks Paying Specie.-Union Bank of Charleston, State Bank of South Carolina, Bank of Charleston, Commercial Bank of Columbia, Planters Bank of Fairfield, Merchants' Bank of Cheraw, Bank of Chester, Bank of Camden, Bank of Georgetown. Eleven of our banks have suspended. Nine of them still continue to redeem their notes in specie. Many mis-statements have been made. The above is reliable as reported to this office. Other papers will perhaps do the public a service by giving this communication an insertion in their columns. As tothe solvency of our Banks, there is not one of them but have assets abundantly sufficient to meet their liabilities. Very respectfully, your obedient servant, J. D. ASHMORE, Comptroller General.,
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Scraps & Facts. A singular marriage lately took place in Wilkes county, N. C. A man named Holloway married his step mother, the second wife, the widow of his own father ! She had six children, three of them by his father, and three by himself; and having nine children of his own, the couple set up housekeeping with 15 children. The Carolinian in a paragraph in regard to the Methodist College, says This edifice is nearly completed. It will furnish, educational facilities which many, no doubt, will immediately avail themselve of. Under the patronage of the large and influential body of Methodists, it must succeed as an institution of learning. It is stated, "by authority," that a new fashion is about to be introduced by the ladies of Buffalo-no less in fact than an immense calash, which is to be attached to the waists of the dear creatures, to be raised and lowered at pleasure, like the top of a buggy. Buffalopapers frantically ask, "what next ?" The Carolinian says that the work on the State House is progressing with all possible rapidity under its present efficient management. The basement story is nearly completed, and makes a beautiful appearance. The masonry within-the bricks being. very fine-is unusually firm and substantial in appearance. When completed, it will be a most imposing structure. - L. F. Fowler, who was recently tried at Union Court, on a charge of negro stealing, and acquitted, and also charged with felony in Georgia, made his escape from Mr. Washington, who had him in charge on way to Georgia, on the 12th ult., by jumping out of the car window, at Lewisville, on the S. C. Rail Road, leaving his handcuffs and chain in the car. The band-bill states that it is believed he received assistance in Columbia which enabled him to escape. The Postmaster General has made an order that all Postmasters whose compensation exceeds twelve dollars and fifty cents per quarters shall be supplied with wrapping paper, twine and sealing wax for the use of their offices by the Post Offices Department, and the rule adopted March 12, 1855, has been repealed. All Postmasters whose com pensation is less than twelve dollars and fifty cents per quarter can purchase, for the use of their offices, a reasonable amount of these articles, provided the net proceeds is not less than twenty dollars per year. We have a few further particulars of Brigham Young's threat. Capt. Van Vlieat, Government Agent at Palmetto, Kansas, has just returned from Salt Lake. He reports that the Mormons refused to permit the United States troops to enter the city, and that Gov. Young publicly declares that he will burn the prairies, and thus deprive the animals of the expedition of subsistence, and burn his own city, if necessary, before he will submit to demand of the government. The report of the murder of surveying companies by Indians are contradicted.-Charleston Standard. We learn from the Charleston papers, that the following only are the suspended Banks. Bank of the State of South Carolina, Branch Bank of the State at Columbia, Planters' Bank of Fairfield, Branch Bank of the State at Camden, South Western Rail Road Bank, Planters' and Mechanics' Bank, Bank of South Carolina, Farmers' and Exchange Bank of Charleston, Bank of Hamburg, Bank of Newberry, Exchange Bank of Columbia, Peoples' Bank of Charleston. And we learn from the same source that the following are the Banks paying specie: Union Bank of Charleston, State Bank of South Carolina, Bank of Charleston, Commercial Bank of Columbia, Merchants' Bank of Cheraw, Bank of Chester, Bank of Camden, Bank of Georgetown. The steamer Baltic brought from Liverpool £72,000, (363,465.) The day before the Baltic sailed, it had been ascertained that £270,000 more, (1,350,000,) just received by the Red Jacket, from Australia, had been taken up for the United States. This amount has, it is said, arrived by the Persia. The California steamer now due will add $1,500,000, making the large aggregate of $3,213,495. When the hoarders, large and small, perceive that English capitalists are sending gold in large amounts to be invested in our low-priced, well secured, paying stocks, and in the purchase of our equally depressed produce, the firmness of their grasp on their money bags will become relaxed, and they will hasten to place their hoarded treasure again in the keeping of the Charleston Evening News. We saw yesterday a letter from the eminent house of Cuddy, Brown and Co., of New Orleans, to one of their correspondents in this county, proposing to send a cargo of cotton direct to Liverpool, for account of the producers. We understand that Mr. Shepherd Brown, the head of the house, proposes to go to Liverpool himself for the
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The Banks. Col. J. D. ASHMORE, the Comptroller General, gives, in his official capacity, the condition of the banks of this State, as follows: SUSPENDED BANKS.-Bank of the State of South Carolina, Branch Bank of the State at Columbia, Branch Bank of the State at Camden, South Western Railroad Bank, Planters and Mechanics' Bank, Bank of South Carolina, Farmers' and Exchange Bank of Charleston, Bank of Hamburg, Bank of Newberry, Exchange Bank of Columbia, People's Bank of Charleston, Planters' Bank of Fairfield. BANKS PAYING SPECIE.-Union Bank of Charleston, Strte Bank of South Carolina, Bank of Charleston, Commercial Bank of Columbia, Merchants' Bank of Cheraw, Bank of town. Chester, Bank of Camdon, Bank of GeorgeThe bills of the suspended banks are as current as those of the others, and are just as good.
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South Carolina Banks. SUSPENDED BANKS.-Bank of the State of South Carolina, Branch Bank of the State at Columbia, Branch Bank of the State at Camden, Southwestern Railroad Bank, Planters and Mechanic's Bank, Bank of South Carolina, Farmer's and Exchange Bank of Charleston, Bank of Hamburg, Bank of Newberry, Exchange Bank of Columbia, People's Bank of Charleston. BANKS PAYING SPECIE.-Union Bank of Charleston, State Bank of South Carolina, Bank of Charleston, Commercial Bank of Columbia, Planter's Bank of Fairfield, Merchant's Bank of Cheraw, Bank of Chester, Bank of Camden, Bank ofGeorgetown
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the second reading, was agreed to, and was ordered to be returned to the house of Representatives. The unfavorable report of the Committee on the Judiciary on a bill (from the House of Representatives) to amend an Act, entitled an Act prescribing the mode of electing clerks, sheriffs and ordinaries; ratified 21st day of December, A. D. 1839; and, on a bill (from the House of Representatives) to amend the law in relation to sheriffs, were agreed to, and the bills were consequently rejected. Mr. Moses presented the petition of citizens of Sumter, praying that the suspensions of specie payment by the Bank of Newberry may be released from the penalties which attached by reason of such suspension. Mr. Tillingbast, from the Committee on the Judiciary, to which had been referred the memorial of citizens of Grahamville, in relation to dueling, reported a bill to provide for the further maintenance of the peace of this State in relation to dueling. # HOUSE OF REPRESENTATIVES. Among the business of the morning hour, Mr. Perry offered a resolution for the appointment of a commission of five persons to take the whole matter of banking into consideration, including the bills and resolutions now before the House, and report in full a system of banking at the next session of the General Assembly. The resolution was referred to the Committee of the Whole, with other matters of a kindred nature. A bill to amend the law in relation to trading with slaves, so as to add corporeal punishment in certain cases, was taken up for a second reading. After some brief discussions and slight amendment, the bill was read a second time and sent to the Senate. The House resolved itself into Committee of the Whole, Mr. Sullivan in the Chair. Mr. Perry addressed the committee at some length on the resolutions he had offered. He was also opposed to the repeal of the usury laws. These laws were to protect the poor from the rich. The rich men who had the money to lend could protect themselves. If the law was repealed many a poor man would be deluded to pay 10, 15 or 20 per cent. for money which he thought he could make good in the future. He thought 7 per cent, was ample renumeration for all investments. He knew the free trade doctrine on this point, but he held that money was not property but merely its counter. Mr. Thompson followed, also in favour of the repeat or suspension of the Act of 1840. Mr Bryan also addressed the Committee in support of his resolution for the same object. Mr Memminger addressed the Committee at great length, advocating his resolutions in a very forcible speech. The bill in relation to banks was then taken up, and sundry amendments were offered Among them was one by Mr Inglis, providing that so long as the banks refused to pay specie, they should be barred from collecting their debts by law. A motion to lay this amendment on the table was negatived.
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That Relief. During the late session of our Legislature, when the Presidents and Directors of the suspended Banks were hanging about our Legislative Halls, and lamenting the necessity which would compel said Banks to press (nay, oppress) the people, unless relieved of the penalty incurred by suspension, and promising, by implication at least, if said penalty was suspended, to relieve the people. Many were simple enough to suppose that the passage of the Bank Act would enable these Banks to relieve the people. But how has that implied promise been redeemed? Can any one name a single instance among the numerous suspended Banks, where the least relief has been afforded since the passage of that famous Bank Act? But on the contrary, looking to the December reports, have not the screws had a turn downward since then ?Indeed, what relief could be expected from such unscrupulous institutions? Take the Bank of Newberry. At the passage of the Bank Act, it had actually less than $25,000 out on accommodation paper. And suppose this sum was actually due from others than the Bank Directors, what oppression would it have been for that wealthy Diss triet to have prid up the $25,000? And the same may be said of many other Banks. It was all a game of Bluff with the suspended Banks, and they won without a puir.What say the Represer tatives of the people to this cheat-this swindle, to which they were parties, by voting for the Bank Act ? We wait for the ides of October for an answer; for then they will have to accout to an outraged people for their misdeeds — Cheraw Gazetie. What you say is all just and true, but money is King and Bank Officers are his Agents. Keep cool and submit neighbor, the Banks rule.