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[Phil. Spirit of the Times. The Banks in Savannah have stopped specie payments. We understand the Mechanics Bank of Augusta has also suspended. We believe now all the Banks in Georgia, with the exception of the Insurance Bank of Macon, have suspended. The Charleston Banks, those we mean which have not done SO already, we presume will next follow suit. Milledgerille Recorder.
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From the Milledgeville Recorder Jan. 7. The Banks in Savannah have stopped specie payments. We understand the Mechanics' Bank of Augusta has also suspended. We believe now all the Banks in Georgia, with the exception of the Insurance Bank of Macon, have suspended. The Charleston Banks, those we mean which have not done already. we presume will next follow suit.
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MONEY MARKET. Sunday, Jan. 19, P. M. The sales at the Stock Exchange yesterday were small, and without material change in prices. U. S. Bank improved à per cent, N. A. Trust and Banking Co 14, Harlem J. Canton Co. declined # per cent; Stonington 4. Del. & Hudson improved 1 per cent. There were some small sales of sterling bills, for the packets sailing tomorrow, but the rates were less than on the preceding packet day. The best bills commanded s per cent, or $4,89 the £ sterling. Many good Southern bills sold, however, at 7.7} per cent, or $1,75a$4,77 the £ sterling. Some sales of bills on Philadelphia, were made at 5]a6 per gent discount. The market is apparently improving; all short regular business paper is taken by the banks at the legal rate of interest; of this description of paper there is, however, a scarcity. The rate for money in the street varies from 1 to 14 per cent per month. There is no material change in either the quantity or price of uncurrent money. The Ohio banks continue to sell their specie in Philadelphia; 20 kegs probably $100,000 was received yesterday by the United States Bank. Specie commands 6 per cent premium in that city. There was a rumor that Mr. Cornell, late one of the directors of the Penntownship Bank, owes that institution $80,000, on pledge of $120,000 of their own stock. The :repealing the charter of the United States Bank has been referred to the Judiciary Committee; and it is confidently stated, on one hand, that, at a caucus of the democratic members, it has been agreed to adopt the bill to repeal the charter; and two of the opposition members will vote for the repeal, on the ground that the charter had been fraudulently obtained. Another run or states. that every means will be resorted to by the democratic members to stave off and evade a decision on the bill. Again, it is stated, that those in the secret will vote for a repeal rather than a resumption, as the former will cloak the failure of the bank and the latter expose it. There is a growing interest on this subject. In the Ohio legislature, a few days since, the Committee on Banks and Currency in the House, introduced bills to repeal the charters of the Ohio Life Insurance and Trust Company, and the Bank of Chillicothe, which were read the first time. The Mechanics' Bank of Augusta, has suspended. The report that the Savannah Banks had suspended is incorrect; they refuse specie to brokers, but not to the public, as bill holders. The Sayannah banks and the Insurance Bank of Macon are the only institutions in Georgia that now pay specie at all. From the report of the Secretary of the Treasury of Texas, we take the following estimates of the expenses and probable receipts for the year 1840: FINANCES OF TEXAS FOR 1840. Expenses. Receipts.