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content or the and the (isaster that nics mer, Bank, president probable states of that consequences. the the Planters suspension and Mr. Mecha- of Pluminstitution was caused its realYork on assets such as had ize before in New been by failure they to accustomed to check on without assets of this bank three to one, and that liabilities trouble. The there is exceed no doubt the all depositors will be paid in full. hope to be able to resume very short time. The rations officers to in a also public ope- The seem justify the suspension, as by so doing they put the creditors on a par. At a meeting of the directory this morning Mr. Plummer resignation as was confidence in his but such tendered their his president, probity and ability that it was refused. THE CITY'S LOSS. The situation of the Merchants National not so Mr. to be The Broocks Bank is declining generally interviewed. understood, depositors, however, are not likely to lose eventually, as the stockholders, who are responsible, include some wealthy northern capitalists. Among the deposits in this bank were some hundred or more thousand dollars belonging to the city. A meeting of the Council was called, to be held this afternoon, to take some steps in relation thereto, but was not a It is stated that to there 82,700 belonging quorum present. ex-Congressman Porter was deposited in this bank. One gentleman, who became alarmed. yesterday drew $19,000 out of it. The remainder of the deposits of citythe whole amounting to about $150,000were on deposit at the People's Savings Bank and at the First National Bank. THE PRIVATE FAILURES so far announced are those of Messrs. Plum mer. Young & Co., one of the largest hardware houses in the South, who went to protest to-day for 863,000; Messrs. R A. Young & Brother, e mmission merchants and factors: and (it i- stated) Messrs. Mellwaine & Co. The insurance business of Young Brother is not at all conce rned in their sus pension. being an entirely distinct branch business. and for three years past under the immediate direction of Captain John Young, who is square with all his companies and A No. 1" in his accounts. Other failures are reported, but any publication now of names involved in these statements would be ill-advised and injurious. Thereis no doubt of the fact that much more trout is likely to come but sufficient for the day is the evil thereof. If there should be other suspensions they will be duly announced. I omitted to state that the Citizens Bank, which has not indeed suspended, expects to receive money by to-morrow morning early, which will enable them to pay all demands full. SOUND BANKS. The Commercial Bank has paid in full today all demands made upon it. The notes, &c. due at the Merchants National Bank have been transferred for colleclection to Mr. Paul's bank, which is perfeetly sound, as also is that of Messrs. Hinton & Dunn. Late this afternoon a deposit of 810,000 mode in the Commercial, of which Dr. Withers is president. Our people take their disaster with wonderful composure and courage. This morning there was a panic, but the community which more than once grew used to shell and shot in the past endure now with equal coolness and calmness the commercial disasters which have come so suddenly upon them. The subject, however, is in everymouth, and the day will be rememas .. Black Friday to geneand the is ration; bered body's end not yet. the latest People are coming in rapidly from the country, and the present likelihood is that the pressure to-morrow will be greater and graver than that of to-day. Latest Telegram. SUSPENSION OF THE CITIZENS BANK-DEPOSITS RETURNED-FEW RICHMOND LOSSES. PETERSBURG, September 23.--The directory of the Citizens Bank. at a meeting held this afternoon, adopted a series of resolutions setting forth that owing to the scarcity of the run on susof other banks, pension currency, and the its bank, failure the to ceive expected funds from the North, the official body had determised to suspend payment. This will go into operation to-morrow. DEPOSITS RETURNED. Planters and Mechanics Bank to-day to depositors all the sent The back deposits made at their counter yesterday. So far as can be ascertained no cousiderabie loss has been incurred by Richmond depositors. THE PETERSBURG SAVINGS AND INSURANCE COSIPANY, of which Mr. D'Arey Paul is president, today claimed its right of thirty days' postponement allowed by law. NORFOLK. THE FEELING AS TO THE PANIC-HOPEFUL EXPRESSIONS. (Special telegram to the Dispatch.] NORFOLK, VA., September 23.-There some excitement overthe Petersburgfailures The belief here, however, among our princibanking men is that the Petersburg have acted as they have precaumeasures. As to the pal tionary banks from effect it cannot will have on our financial condition they