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the GovExcellency Resolved instructed further. to that send his a each copy of of our the senators forego8. and ing ernor representatives preamble be and motion resolution in the to congress to agree was of decided the United in States affirmative-yeas which 20, nays SUSPENSION the OF SPECIE JANUARY PAYMENTS. 11. susLEXINGTON, of Kentucky has greatly, at length we conThe Bank payment of specie. regret. Weprepended fess, to the our mortification coudemn a and measure sanctioned, the stock sume not by a voice of the to holders, as and by We shall only say, we understand, to the unanimous majority the of mostimis- that board of directors. appears fraught with we cannot but chievous us the step consequences to destroy confidence attainregard institution, it as calculated which had wasgenerally deservedly coned in an au elevated standing and If it was a measure sidered as impregnable. however we regret: do not if believe, not, we of necessity-which fornish ground for bHt confess we will cannot test its wisdom, and be we less disasperience it would discern its may policy; sincere- that exly hope its consequences apprehend. We are aware of the trous some than parts we of the state of a large sound judgment portion and people, in and integrity, many men have long the been difficulties in favour undoubted We are aware too encounter of from the of which it. the Bank times has had and the situation states. of the pressure institutions of the in the neighbouring abundantly inouied believe however that it that was it might have able We to weather the storm. erect position, and come maintained end a firm gloriously and triumphant. taken place, We hope, that off in the suspension has and integnow that confidence the in the prudence sustain the credit public of the directors will home yet and abroad, and of rity the bank. will both be taken at to keep alive this conMonitor. that fidence steps extensively and permanently. [W. To THE EDITOR. Frankfort, January 8th, 1820. taken On Tuesday last and the we are Bank DOW of reduced Kentucky by to a closed paper its medium. vaults, immediately This measure after the was election majority of the board, the shareholders; a the in favour of a of the largest stockholders were also the Directors votes being by suspension, generally forced to it. The measure among Bank by various other of opposed but the was causes, repetition upon the least has been the into the which, not on the subject, introduced charter resolutions and the bills to repeal its the legislature, suspend the subscriptions on not only part and to These propositions of the state. the holders of its paper in the the state, Bank alarmed likely to produce runs upon to afbut were distance; 80 that its capacity with from a to the country for the present, would have been out is, I believe, ford suspending. relief condition destroyed, perfectly although from its bankruptcy. A bill will be pre- resented secure to the house of representatives, Bank and the issues of paper by the to three-fifths of its the its the suspension, and directing and its during stricting branches, capital bank stock, isto be made at the present employed branches, SHES according to the capital place the each place. This restriction will where at as to its debts, it when it resnmed pay ment after war, institution, stood precisely do the again and must secure to it a capacity to 80 whenever the state of exchange will justify measure. Under this view of the subject the the paper will maintain its currency without experiencing much depreciation. The bills to repeal the charter of the Bank Kentucky, and those of the Independent of Banks, lie among the orders of the day. bill to endow the Medical College, to its second reading by a It not however without majority. passed The think, opposition. handsome the has gained friends, and will, I pass house of representatives in some shape. The Commissioners on the boundary quesare progressing with their discussions and in tion, relation to the line between this state Tennessee. Mr. Daniel's bill to make void all notes and made with the bank of the United to a second until the contracts pass States, no passed further, reading, constitution in but regard will is abolished. The same may be said Mr. Worthington's bill, to subject the stockholders to of The Bank of Kentucky to the payment of its debts. The Property bill has been recommitted is to its friends; what they will make of it donbtful. Much new business has been brought into the house in the course of the week but little has left it and every day accumulates more upon the orders of the day." [Lexington Rep. Barbarous and Unnatural Murder. PEEKSKILL, 15. On Saturday the 7th IHST. at Philipstown, in the county of Pateram, Leonard Cummings was inhumanly butchered by John Mead, his father in-law. The circumstances that attended this horrid transaction, are said to be shortly as follow. The deceased and his father in-law, Mead, were returning from a wood frolic upon a sled in company with several either teams.Cammings had understood that Mead had abused his wife; Mead was interrogat ed the subject by the deceased; warm words ensued; and in the course
