Article Text
THE BANKS. The excitement yesterday was greater, if possible, than upon any previous day. The stoppage of the Consolidated Bank, as announced in the public joarnals of the morning, and the subsequent with. drawal of the Commercial and Canal Banks from the number of specie e-paying institutions, so com. pietely unsettled the public mind, that the counters of one or two of the paying banks were crowded to suffocation until the expiration of banking hours.The contagion of popular distrust spread itself to the depositors, who became fidgety, uneasy and suspicious, and, to a considerable extent, assisted in draining vaults already beset by the multitude.The amounts abstracted were enormous. It is with no little chagrin that we acquaint the public that the City Bank, which had borne the brunt of the crisis with such fortitude and resolution, has determined to discontinue cash payments to-day. There could be no disguising the fact that some of her depositors had been shaken in their faith or constancy; and her directory decided last eve. ning, rather than accept the assistance of other banks in sustaining specie payments, to suspend at once. There are now four banks that continue specie payments the Louisiana, Mechanics and Traders'