Central Bank of Virginia (Staunton, VA)

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TELEGRAPHIC NEWS

FROM THE ASSOCIATED PRESS. The Financial Crisis. Alexandria, Va., Sept. 28, 9.30 a. m.-Our Banks will not allow a run upon them, and are now paying out only small sums. Philadelphia, Sept. 28, 10 a. m.-The Banks commenced epeating the course pursued on Saturday. The Girfird paying 5's, and the Mechanic's and Southwark Banks all notes. 11 30 m.-The Bank of North America suspended about 11, and the suspension will now probably become general. 11.45 a.m-The Mechanic's Bank now redeems its 5's only. The Pennsylvania, Girard, Farmers and Mechanic's, Penn Township, Northern Liberties, Mechanics and Manufacturers', Commercial, Western and city banks, 5's only. The Bak of Philadelphia pays out no checks, but pays checks with its own notes. 1.10 p. m-The Bank of Pennsylvania pays their own notes for checks, and now refuses specie. All the banks are changing their course since the opening hour. Some efuse to certify checks, bbnks. but give due bills to deposit with other It is now rumored on the street that the Governor refuses to issue his proclamation unless the Pennsylvania Bank is placed on par with other banks, and her notes received on deposit. All is confusian, but not attended with the excitement of former days. Every kind of busicollections. ness is paralyzed, and it is impossible to make RICHMOND, Sept. 28, p. m.-Our banks are paying specie generally, and it is believed that they have determined to go on. There has been no run yet; but in Staunton the Central Bank and the Bank of the Valley have suspended. WILMINGTON, N.C., Sept. 28th.-There is no excitement here as yet in financial circles. Our banks are perfectly sound and continue as heretofore, but their future action will be governed by that of their neighbors.

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the CITY or virginia money, and the U days do tice from:-depositors. Virginia money is selling here at a discount of five per cent, and the tendency is still downwart Business is nearly paralysed, and uncurrent money is altogether unsaleable THE VIRGINA BANKS. THE BANKS IN ALEXANDRIA. ALEXANDEIA, Sept 28, 1057. The books here will not allow a run They are paying out small sums only THE NORFOLK BANKS. NOMFOLE, Va, Sept. 28-0 P u. There bave been no suspensions among our banks Ap prehemsions are entertained that a run will be made by foreign brokers upon the banks to-morrow, but they feel secure Some feeling is manifested about the Baltimore and Pbiledelphia suspensions, but so far all the banks here are firm. THE BANKS IN PETERSBURG. PATERSBUNG, Va, Sept. 28-2P + M. There is considerable excitement here in regard to the suspensions North, and some uneasiness is manifested by an all dealers. There is no initiation of suspensions here, and up to 1:30 o'clock P. M. all demands had been paid by the banks THE BANKS IN RICHMOND. RICHLOND, Va, Sept 28, 1857 The banks here are paying specie generally. it is be lieved that they have determined to go on. There is no run yet. Both the banks in Staunton-the Central and the Bank of the Valley-have suspended. NINE P. M. The demand on our banks 10 day was moderate, and they all closed with a firm feeling and a determination not to suspend. They refuse to take on deposit the notes or any of the suspended Virginia banks The Monticello Bank, of Charlotteville, suspended to-day, and it is reported that the banks in the State west of Lynch barg have also suspended. THE BANKS IN WILMINGTON. WILMINGTON, N 0., Sept. 28, 1857 There is no excitement here, as the banks are perfectly sound. They will continue as hereinfore, but their future action will be determined by that of their neighbors THE SOUTH CAROLINA AND GEORGIA BANKS. AUGUSTA, Ga, Sept 28, 1857 The South Carolina and Georgia banks are all right. The question of suspension is not entertained.

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SUSPENSION OF THE BANKS IN STAUNTON

STAUNTON, Va., Sept. 28.-The Central, Independent and Branch of the Valley Banks have suspended specie payment. SUSPENSION IN CHARLOTTESVILLE. - -

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THE BANKS IN RICHMOND

RICHMOND, Va., Monday, Sept. 28, 1857. The Banks here are paying specie generally. Ris believed that they have determined to go on. There is no run yet. Both the Banks in Staunton--the Central and Bank of the Valley-have suspended. grm The demand on our Banks to-day was modern and they all closed with a firm feeling and s nation not to suspend. They refuse to take on degrad be notes of any of the suspended Virginia Banks The Monticello Bank of Charlotteville supposide to-day, and it is reported that the Banks in the Store, west of Lynchburg, have also suspended.

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VIRGINIA BANKS

Richmond, Sept. 28.-Our banks are paying specie, and it is generally believed have determined to go on.There is no run yet. Both of the banks in Staunton, the "Central" and "Bank of the Valley," have suspended. Evening-Our banksall closed firm. The demand on them was moderate, & they have determined not to suspend. They refuse to take on deposit the notes of all the suspended Va. banks. The Monticello Bank at Charlottesville suspended to-day, and it is reported that the banks west of Lynchburg have also suspended. Alexandria.-The banks here will not permit a run upon them. They are paying out small sums only. Petersburg.-There is considerable excitement here in regard to the suspensions at the North, and some unea. siness felt by small dealers. There is no intimation of any suspension here. Our banks paid all demands on them up to 1:30 Monday afternoon. NEW YORK, Sept. 28.-Evening.The rates for money on the street today were enormous. In some cases loans were made at 5 per cent per month. The assignment of the Ohio Trust Company was unexpected here. President Stetson returns to-morrow to procure a stay of proceedings.

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Money Panic

Our community has maintained its equanimity notwithstanding the great panic which is. shaking the commercial world.Some of our Banks have suspended-Yankee merchants, without number, have failed-Yankee Banks and Companies are broken-but the people, as a general thing, in this section of the country, are safe-a littlc scarce of money to be sure, yet their èrops are gathered and in their granaries. Fortunately for the people here, the times have been hard for several years-they curtailed expenses and paid up their diabilities before the crisis came. Our Merchants, as a class, owe little to the city Merchants— our people, except the trading portion of them, may be said to owe nothing, or next to nothing. The suspension of the Banks of this town amounts to nothing, so far as the people are concerned-it is a nut for the Brokers to crack, and we wish them much enjoyment in the operation. It does not affect the peoplc, because, pra etically, the Banks are as much specie paying now, as they were before the suspension, and no sane man supposes their solvency is at all affected by it. At the Valley and Central, we understand, everything (except Brokers) move on in the accustomed way-people get change when they ask for it, all the specie they ever get, and get as much accommodation in the way of discounts as they have had for some time. The customers of the Banks are allowed to renew their paper-they continue to make their deposits as usual-their checks are promptly honored in currency as they have always been and Messicurs TAYLOR and TAMS are, if possible, even more conciliatory and obliging than ever. No habitue of the Banks could tell the difference between our Banks paying specie and in a state of suspension, but for the absence of men with "'red carpet bags." We are no advocates of suspension-we have scarcely made up our mind upon the abstract question of faith involved in this suspension. We have looked into the matter only so far as to satisfy ourselves that the people are not to be injured, and as for the Brokers, we are willing they, like the Devil, should look out for themselves Of one thing we warn the readers of the 'Vindicator'-there is no necessity in the world for anybody to sacrifice one cent upon any notes they are so lucky as to be in possession of, on either the Valley or the Central Banks. There is no better money in Virginia. Staunton money taken at this office at five per cent. premium, for subscription and advertising bills III

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THE VIRGINIA BANKS

-The following Banks in this State have suspended specie payments: The Bank of the Valley at Winchester and all its branches at Staunton, Charlestown, Christiansburg &c.; the independent Bank of Winchester and the branch of the Farmers' Bank at the same place; the Central Bank of Virginia, at Staunton ; the Monticello Bank, at Charlottesville; the Bank of Rockbridge, at Lexington; the Bank of Rockingham, at Harrisonburg; the Banks at Alexandria, Fredericksburg, Lynchburg, Wheeling and other places. The Banks at Richmond and Norfolk, with most of their branches, including those at Petersburg, have stood out against the pressure.

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[From the Predericksburg Herald ] The Condition of the Virginia Banks, Although little or no excitement prevails in the minds of the Virginia public in reference to the solvency of the several Banking Institutions in the State/there is nevertheless a good deal of feeling abroad, and much interest excited, as to which are, and which are not, redeeming their issues in specie. To meet this general demand, we have compiled the following table, which we believe includes all the Banks in the State, and classified them accordingly to the information in our possession. We have examined our exchanges closely, and obtained information in other quarters, and think the table reliable. Our purpose is to present facts. One curious revelation will be observed, and that is, that not a solitary Branch of the Bank of Virginia, as far as heard from, has suspended specie payment. Old Banks paying Specie Charlottesville-Farmers Bank of Virginia, Danville-Farmers Bank, Bank of Virginia, Farmville-Farmers Bank, Fredericksburg-Farmers Bank of Virginia, Bank of Virginia, Lynchlurg--Farmers Bank, Exchange Bank. Bank of Virginia, Norfolk--Exchange Bank of Virginia, Farmers Bank, Bank of Virginia, Petersburg--Exchange Bank, Farmers Bank, Bank of Virginia, Portsmouth--Bank of Virginia, Richmond- Farmers Bank. Bank of Virginia, Exchange Bank, Independent Banks paying Specie. Fairmount--Fairmount Bank, Scottsville-Bank of Scottsville, Lexington--Bank of Rockbridge, Lynehburg-Merchants Bank, Old Banks Suspended Alexandria--Exchange Bank of Virginia, Farmers Baok of Virginia, Charlestown-Bank of the Valley, Christiansburg--Bank of the Valley, Leesburg-Bank of the Valley, Moorefield-Bank of the Valley, Morgantown-Merchants & Mechanics Bank, Parkersburg-North Western Bank of Va. Point Pleasant-Merchant & Mechanic, Romney--Bank-of Nalley, Staunton--Bank of Valley, Wellsburg North Western Bank, Wheeling-North Western Bank, North Western Bank, Winchester-Bank of Valley, Farmers Bank. Independent Banks Suspended. Alexandria--Bank of the Old Dominion, Charlottesville-Bank of Monticella, Fredericksburg-Mank of Commerce, Howardsville--Bank of Howardsville, Harrisonburg-Bank of Rockingham, Martinsburg--Bank of Berkeley, Staunton-Central Bank, Wheeling-Manufacturers & Farmers Bank, Bank of Wheeling, Winchester Bank of Winchester. Old Banks not heard from Abingdon-Exchange Bank, Blacksburg--Farmers Bank, Buchanan-Bank of Virginia, Charleston Bank of Virginia, Clarkesville--Exchango Bank, Jeffersonville--North Western Bauk, Lewisburg-Farmers Bank, Salem-Exchange Bank, Union-Bank of Virginia, Wytheville--Farmers Bank, Westen-Exchange Bank. Independent Banks not heard form. Fincastle Farmers Bank, Jelfersonville--Trans-Alleghany Bank, Pearisburg-Bank of:01d Dominion The Kanawha Bank at Malden in Kanawha county, was paying at last recounts. There are rumors that the Exchange at Weston, and the Fairmount Bank at Fairmount, have suspended, but the rumors are SO vague that we proferred a different classification. The Trans-Alleghany Bank has gone out of circulation and probably should be dismissed from the list altogether. The Kanawha Bank at Malden has not been heard Promisince the general suspension. The Banks classified 38 "not heard from" were specie paying institutions when last heard from. It is fair to presume that some of them-indeed probably a majority-are still of that class.

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CONDITION OF THE VIRGINIA BANKS

FROM THE FREDERICKSBURG HERALD. Although little or no excitement prevails in the minds of the Virginia public in reference to the solvency of the several banking institutions in the State, there is, nevertheless, a good deal of feeling abroad and much interest excited as to which are and which are not redeeming their issues in specie. To meet this general demand we have compiled the following list, which, we believe, includes all the banks in the State, and classified them according to the information in our possession: Old Banks paying specie.-Charlottesville, Farmers' Bank of Virginia; Danville, Farmers' Bank and Bank of Virginia; Farmville, Farmers' Bank; Fredericksburg, Farmers' Bank of Virginia and Bank of Virginia; Lynchburg, Farmers' Bank, Exchange Bank, and Bank of Virginia; Norfolk, Exchange Bank of Virginia, Farmers' Bank, and Bank of Virginia; Petersburg, Exchange Bank, Farmers' Bank, and Bank of Virginia; Portsmouth, Bank of Virginia; Richmond, Farmers' Bank, Bank of Virginia, and Exchange Bank. Independent Banks, paying specie.-Fairmount, Fairmount Bank; Scottsville, Bank of Scottsville; Lexington, Bank of Rockbridge; Lynchburg, Merchants' Bank. Old Banks ispended.-Alexandria, Exchange Bank of Virginia and Farmers' Bank of Virginia ; Charlestown, Bank of the Valley; Christiansburg, Bank of the Valley; Leesburg, Bank of the Valley; Moorefield, Bank of the Valley; Morgantown, Merchants' and Mechanics' Bank; Parkersburg, Northwestern Bank of Virginia; Point Pleasant, Merchants' and Mechanics' Bank; Romney, Bank of Valley; Staunton, Bank of Valley; Wellsburg, Northwestern Bank; Wheeling, Merchants' and Mechanics' Bank and Northwestern Bank; Winchester, Bank of Valley and Farmers' Bank. Independent Banks suspended-Alexandria. Bank of the Old Dominion; Charlottesville, Bank of Monticello; Fredericksburg, Bank of Commerce; Howardsville, Bank of Howardsville; Harrisonburg, Bank of Rockingham Martinsburg, Bank of Berkeley; Staunton, Central Bank; Wheeling, Manufacturers' and Farmers' Bank and Bank of Wheeling; Winchester, Bank of Winchester. Old Banks not heard from.-Abingdon, Exchange Bank; Blacksburg, Farmers' Bank; Buchanan, Bank of Virginia; Charlestown, Bank of Virginia; Clarkesville, Exchange Bank; Jeffersonville, Northwestern Bank; Lewisburg, Farmers' Bank; Salem, Exchange Bank; Union, Bank of Virginia; Wytheville, Farmers' Bank; Weston, Exchange Bank. Independent Banks not heard from.-Fincastle, Farmers' Bank; Jeffersonville, Trans-Alleghany Bank; Pearisburg, Bank of the Old Dominion. The Kanawha Bank, at Malden, in Kanawha county, was paying at last accounts. There are rumors that the Exchange Bank, at Weston, and the Fairmount Bank, at Fairmount, have suspended, but the rumors are so vague that we preferred a different classification. The Trans-Alleghany Bank has gone out of circulation, and probably should be dismissed from the list altogether. The Kanawha Bank, at Malden, has not been heard from since the general suspension. The banks classified as 'not heard from" were speciepaying institutions when last heard from. It is fair to presume that some of them, indeed probably a majority, are still of that class.

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THE VIRGINIA BANKS

-The following Banks in this State have suspended specie payments: The/Bank of the Valley at Winchester and all its branches at Staunton, Charleston, Christiansburg &c.; the independent Bank of Winchester and the branch of the Farmers' Bank at the same place; the Central Bank of Virginia, at Staunton, the Monticello Bank, at Char: Jottesville; the Bank of Rockbridge, at Lexington; the Bank of Rockingham, at Harrisonburg; the Banks Alexandria, Fredericksburg, Lynchburg, Wheeling, adidas and other places, The Banks at Richmond and Norfork, with most of their branches, including those at Petersburg, have stood out against the pressure.

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For the Spectator

Messrs. Editors:-I you some weeks since that I am alawyer, and became so because that profession has been for ages the enthusiastic friend of liberty. So far do I carry my love of perfect freedom, that every puppy the unrestrained privilege of growling to any tune that his own nature, or his master's orders may dictate, and to every blackguard the right of freely using the only vocabulary he has learned. You see then it would be inconsistent with my principles, to make any quarrel with the Billingsgate epithets so thickly abounding in the last effusion of "A Countryman." Some might designate them as "impudent, low, the impotent scurrility of 8 fool who felt that he was laboring to sustain a desperate cause-the last kick of a dying Bullock" pass them by with the more liberal commentary that "they are the natural and inalienable right of the poor being to whom other weapons of defence has been denied by & too frugal nature." Now to the urgument. I have nothing more to say about those "bonds." have given the views about them which the ignorant Judges and Lawyersof the county had, perhaps, unwisely entertaineduntil the necessities of the canvass raised up an unlettered "Countryman" to speak about them "as never man spake" before. In reference to them I-will leave "A Countryman" in the hands of one, apparently as unlettered as himself, and when our world shall get quite around, with its tail where its head ought to be, perhaps, it may be illuminated and convinced by the bloody "set to" between "A Countryman" and "Oooney"- contemporary pugilists with Sayers and the 'Benecia Boy. If Cooney shall consent to "take up his gage" which I rather apprehend, from the scurvy manner in which "A Countryman" undertakes to treat his effusions, there will be a pair of bloody noses in this legal arena, by election day."Cooney" will teach "A Countryman" how to charge his valuable productions as being "dark and unmeaning, and beneath the notice of any sensible man." He will show him by "knock down" arguments, that they are as sensible as his own and as full of meaning as an egg is of meat, and the only reason why "A Countryman" won't answer them; is that he can't. I should not be at all surprised if it should turn out that this only new made friend of Mr. Fultz, has by the proud self-conceit and unwarrantable rebukes of "A Couhtryman" been turned back to his first love, and that this and many more recruits for Thompsen, will prove to be the only fruit of his labors. He must learn to feed his "babies" on new milk. Not on fire. You have a new accusation against Judge Thompson. When will your black list be filled out To hear you and "Junius," and your principal, one would suppose that instead of being the presiding Judge, he has been for the last thirty years the principal criminal of the Circuit, and that while the outrages to right and justice and law called loudly for reformation, even your patriotic virtue needed the stimulant of a salaried office of two thousand a year to induce you to expose his criminality. To believe your clamor, the good people of the Circuit must first believe in the existence of a desperate state of public morals, in which you and your coadjutors fully participated, and at which you all winked until the hope of reward brought you to testify. But they do not believe your clamor, and at this moment they are nauseated and disgusted with your petty persecutions and shameless falsifications of all truth, and even of the records of the County. This last precious charge of yours is this "Upon the death of Mr. Kinney, one of the Banks of Staunton, (you think the Central,) was appointed Receiver, in his stead, and gare but one bond, as he did, and the Receiver ever since has given no other bond.Besides this, the singular fact of & Bank-a corporate body-being made officer of the Court, suppose is unparalleled in legal history. Who are you my "Countryman" "-that you talk so much and so confidently of law, and legal history? One might well suppose you to be the mighty Fultz himself, and that your effusions are only a long tail to his own cards, so learnedly do you discourse, and 80 positively affirm of legal niceties. All are prone to conclude either that you are yourselfa lawyer or that you have a lawyer to think for you, and that too, not one imbued with the high and noble principles of the profession, but what they call "a trapper," dealing in catches and sharp tricks. No plain and bona fide Countryman ever quibbled as you do. But to your last charge. Mr. Kinney died in Nov., 1859; the Central Bank was appointed Receiver of the Court November, 1857-two years before his death"not upon his death," as Countryman recklessly affirms. That Bank gave bond on its appointment, in the penalty of $20,000, with ample security, as the record shows, and it is true has given none since. But will not the people be surprised to learn that the Act of 1852, on which "Countryman" raises all his clamor, authorizes the Court to order an investment of funds paid into Court, in Bank stocks-which everybody knows are not as safe as Bank deposites-and yet this fault-finder is raising a clamor about the danger of loss to suitors from deposites in the Bank-when six per cent. compounded interest is secured by the terms of the order, and when the money is perfectly safe. But this appointment of "A Bank" is unheard of. Why is that wrong, Mr. Countryman The Bank is person, and it is a safe depository. What more-unless you are aiming to secure that little loaf to yourself, under the new Judge, by raising a clamor against "Corporations ?" But let me assure the people that so far from the appointment of a Bank "Receiver" being "unparalleled, it is often done by the other Courts of the State, and always by the State itself, and always, I, believe, when a Bank is at hand. "Countryman" can find one instance by addressing the Clerk of Albemarle. But I will not dignify the rant of this writer with further notice. The time is approaching now for action, and I am well content to await the music of the Polls, and to let "A Countryman" and "Jnnius" and their party be judged by the people of the Circuit, who have heard us all, and are prepared to render a verdict both in the case of Judge Thompson and in the case of Z. his maligners. For the Spectator. To the Physicians of the County. It does seem that our Legislature studies to add to our burden of taxation, while she does nothing to defend us in our privileges, 80 dearly paid for. We thought our license tax was high enough last year; but this Spring we find that we are taxed still higher. It is true that the law gives us a broken stick for our defence. (a presentment)