1.
November 22, 1860
East Saginaw Courier
East Saginaw, Saginaw, MI
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specie payment. The Farmers' Bank of Norfolk has also suspended. Boston, Nov. 22. No serious results have yet attended the financial pressure, and remittances from the hottest part of the South con tinue to come in as usuul. The statements of repudiation by southern creditors are untrue NO far as this city is concerned. Should the emergency require it, the Directors of all the Boston banks propose to disconnt to the amount of five million dollars, which will speedily niake money easy in this city. WHEELING, Va., Nov. 22. The banks of this city suspended specie payment this morning, WASHINGTON, Nov. 22. There have been no special meetings of the Cabinet to consider the questions growing out of the secession movement. Harmony has hitherto characterized their proceedings. Tt was to-day anthentically stated that nothing has recently occurred in their deliberations to produce distraction. The resignation of the U.S. Marshal for South Carolina was received by the President to-day. A. Armistong, of Ga., has resigned as a Lieutenant in the navv.
2.
November 23, 1860
Richmond Enquirer
Richmond, VA
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Suspended Specie Payment. NORFOLK, Nov. 22.-The branches of the Virginia Bank at Norfelk and Portsmouth, and the Farmers' at Norfolk, have suspended specie payment.
3.
November 23, 1860
Worcester Daily Spy
Worcester, MA
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Items. NEW York, Nov. 22.-The Bienville from Havana, 18th, has arrived. Sugars unchanged; No. 12, 9½ reals. No freights offering for American vessels. NEW York, Nov. 22.-No signs of the Africa at 10 o'clock. FORT KEARNEY, Nov. 21.-The pony ex. press from Francisco, Nov. 10, passed here at 4 this morning. The agent of the associated press failed to get possession of the report. CHICAGO, Nov. 22.-The oil store of Fuller & Co., Franklin street, was burnt this morning. The building was owned by Hugh Bark. ley. The total loss is $100,000. Insured for $50,000. WASHINGTON, Nov. 22. - The Norfolk branches of the Virgin ia Bank, the Norfolk, Portsmouth, and Farmers' of Norfolk, have suspended. The Washington banks suspended specie payments to-day.
4.
November 23, 1860
Evening Star
Washington, DC
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The Financial Pressure. Philadelphia, Nov. 22 -The action of the Bank Presidents suspending specie payments during the present exigency is generally regarded with favor by our business men and the press, having been determined on as a precautionary measure to enable the banks to expand their discounts and preventive of a panic like that of 1857. An immediate meeting of the Legislature has been suggested for the double purpose of relieving banks from the operation of the banking laws and considering the legislation of the State on the Fugitive Slave law. The Bank of Chester County will suspend to. morrow, and all the country banks of this State will probably takethe same course. NORFOLK, Nov 22 -The Branches of the Vir. ginia Banks at Norfolk and Portsmouth and the Farmers' Bank of Norfolk have suspended specie papment. WHEELING, Nov. 22.-The Banks of this city all suspended specie payments this morning. NEW ORLEANS, La., Nov. 22.-It is reported that several produce firms of this city have suspended payment to-day. NEW YORK, Nov. 22.-Our financial editors express the opinion that the condition of affairs this afternoon evidence a healthy state of trade. There is more cheerfulness among business men, and there has been more discounting to-day than any day for two weeks past, The Banks are manifesting every disposition to accommodate and no failures are reported. The quotations for specie are unsettled, but they may be rated at 3 to 5 per cent. The latter for small purchases. AUGUSTA, Nov. 22.-It is reported in bank circles to day, that Gov. Brown will veto any law sanctioning the suspension of banks, unless the State of Georgia secedes. There are rumors also, that one or more Charlestou banks have suspended, and also a large cotton house. The names are not given, but the report needs confirmation.
5.
November 23, 1860
The Daily Dispatch
Richmond, VA
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Suspension of Virginia Banks. NORFOLK, Nov. 22-The branches of the Bank of Virginia, here and at Portsmouth, and the Farmers' Bank, here, have suspended specie payment.
6.
November 23, 1860
Daily Intelligencer
Wheeling, WV
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NORFOLK, Nov. 22.-Branches of the Virginia Banks at Norfolk and Portsmonth, and the Farmers' Bank of Norfolk, have suspended.
7.
November 23, 1860
New-York Daily Tribune
New York, NY
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[By Telegraph.] VIRGINIA. NORFOLK, Va., Thursday, Nov. 22, 1860. The branches of the Virginia Bank at Norfolk and Portsmouth have suspended specie payment. The Farmers' Bank of Norfolk has also suspended specie payment. WHEELING, Va., Thursday, Nov. 22, 1860. The banks of this city suspended specie payment this morning.
8.
November 23, 1860
Chicago Daily Tribune
Chicago, IL
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The Virginia Banks Suspend. NORFOLK, Va., Nov. 22.-The branches of the Virginia Bank at Norfolk and Portsmouth have suspended specie payment. The Farmers' Bank of Norfolk has also suspended. WHEELING, Va, Nov. 22-The Banks ofthis city suspended specie payment this morning.
9.
November 24, 1860
Richmond Daily Whig
Richmond, VA
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The meeting then adjourned until Monday night, THE NORFOLK BANKS. The Norfolk Herald, noticing the suspension of the Richmond Banks, "under the pressure of an Insane panic," and the yielding of the Farmers' Bank, in Norfolk, to the "storm" says: "The Exchange Bank of Virginia and Branch of the Virginia Bank at Norfo k, have not suspended-and will not, If it be postble to molilly or to resist the powers which are brought aga nit them. We understand that unless the claim extends to al classes, and both d positors and b.ll-holders unite with the brokers to force suspension, that these Banks can maintain there credit. And why not? Surely no sane person can doubt their ability to meet all their engagements, so that no possible loss can occur. Let it be remembered that before any one can lose a cop er, the stockholde.s must sacrifice upwards of six millions of dollars. Remember their untouched capital; their large contingent fund, and, " neral resources Those who may desire to speculate upon the Banks, 10 deprive them of their ability to extend or continue their loans, and those whose nervous timidity would force them to demand specie which they do not require. may place the Banks on their defence; but no one can lose a sixpence unless he chooses to be shaved. Let the Banks be sustained by the community, and the Banks will and can sustain the community. This cloud is transfect and must pass away; for it cannot be that with overflowing wealth and Europe indebted to us, a reaterisis cal exist." I
10.
November 24, 1860
Nashville Union and American
Nashville, TN
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Bank Suspensions. NORLOLK, Va., Nov. 22.-The branches of the Virginia Banks at Norfolk and Portsmouth have suspended specie payments. The Farmers' Bank at Norfolk has also suspended. From Chicaga.