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The New Haven (Connecticut) Herald of Wednesday says The Specie draw from one of nor Banks on Saturday was in favor of the Manhattan Bank, New York, returned last, on Monday, and replaced in its former depository The Banks in this city we are well informed, are in no in the most sound and substantial condition and danger of suspension until New York the example would Our intimate connection with the great emporium foolsteps no doubt tender it expedient to follow in her The Rochester (No York) Advertiser of last Tues day So says- long as the banks of this State discharge their unne dn ties to the public they will be sustained. and no of their cessary obstruction will be thrown in the way continuing to do so SUSPENSION The news of the suspension of the specie 15th in Philadelphia, reached Louisville on payments The Journal saye it excited no surprise matter instant or alarm. Every one *new that as The curiosity bank of Kentucky would follow euit had course, the Kentucky and the Bank of Louisville the at once to Bank resolved of to suspend he Loui-ville Branch of until pay. instructions received had otherwise Northern Bank. directed. and continued to do so throughout amount The calls for specie at her counter ed to 'a the day few thousand dollars Bultimore Patriot BANKS The suspension of specie payments. OHIO the Atlantic cities. must be followed by a general will be in The banks that continue to pay that suspension drained of their coin in very short time. by with pro still cess. And. in Ohio suspension is attended consequences. more serieus the banking law of last session. February 16.1839 By made. that if any bank of the State suspend in provision payments, is for longer term than thirty common days. is the bank which anyone specie year, the president judge of situate the court shall of issue plea circuit. the sequestration in of such bank and through bank the writ for deliver all its effects, to one or more of the to pro sheriff, The commissioner is required commissioners immediately to collect the debts due the bank, and the ceed of its property and apply the proceeds to com dispose its debts. for which purposes special board missionersmany payment of be appointed by the principal We learn that the previsions of this law are peremp tory. The bank Commissioner must It apply is thus to the that judge the the who arquestration must order If either way ruin ulter Ohio Banks are to exposed specie to till their last dollar is gone, they continue sequestration pay must come. If they surrender the at then the the commissioner must pay out the specie in to our once. that makes demand that all the specie time: banks first exposed to distribution in very short with and all is their debtors are liable to forced pay ments, out delay Cincinnati Gazette Oct 15. From the Columbus Ohio) Statesman, of Oct 18.) BASK SUSPENSIONS We are happy have in our to state that the Banks in this city do not intend power suspend specie payment. In this just resolution. let those to holding their notes show the same proper feeling not unnecessarily running upon them by Banks of Cincinnati, except the Commercial Bank. The have 'I he suspended Bank of Hamilton for thirty has days. also suspended So eays the The Ga. zelle. Banks of Zanesville, relearn from the Autora, will not excitement There does not seem to be much will suspend Ohio, and if New York holds out. thirty days are find in all our Barrks paying specie except those that insolvent, and which will be 11 ound up. REMINISCENCE -To look back is to learn wisdom; instruc and reminiscences of even few months are often letter live and amusing Here is an extract from the dated Biddle to the Directors of the U S. Bank, his March Mr 29. 1839 It is the letter in shich be resigns postas President of anxiously the institution: for the most appropriate "I have at which waited could be best spared; but hitherto, needed, moment I sought the retirement I 80 deemed much u eful, whenever difficulty in which my service was such now some interposed to detain me None exists the Bank always All the political dissensions connected with Bank has re ten have ceased and the for the last accustomed years channele of business in peace. turned therefore to ite withdraw at length without inconvenience afTairs can do more readily. because leave the and in the and the institution in state of great prosperity, hands of able directors and officers There many amusing things conne with this in business peace, document. are The Bank had returned and Mr to Biddle its accustomed left "the channels of the of institution in state of great prosperity. The affairs and the hands of able directors and fficers able who in broke into the morus multicaulis field, was of flicers. appears bull to destroy the whole plantation; and to the have ability been of the ..able directors description and We think, however if of the the actual gentle. same would me out and make an expose in condition men of the Bank at the time they came charge. their would de no more than is due to the defence of six they financial character We doubt whether in of own months they could have destroyed the standing however, institution in such great prosperity Perhaps. of its obliga Biddle means to say that non payment Mr. the whit mail dozen more suspen sions, tions. is the public will not require him [N ¥ to tell them Dispatch EXCHANGES - The great purchases made by exchange the Bank are forcing of the S of its own stock and post down notes exchange on for its own currency. while on other places it stands firm, or Philadelphia. This policy on the part of the as Bank, decer probably improving designed, in the first place, to make both and post notes; stock show as posstole by the Liverpool on Saturday. and perhaps, of the price Philade of the Iphia funds very bad, to increase the are by making of persons here and in Providence, amounts earnestness of suspension on account of having rate, in favor their in Philadelphia The process, at any it due be exceedingly injurious to Philadelphia,for prospect of its payment must running her currency 80 low of her that merchants the debts, being be diminished. received in if not destroyed Evenatl and suitsbrought per cent.a many notes would be protested unquestionable great in the U S Courts to recover the or its equi and hunorable rights of the holders- specie valent-N York Journal of commence. a effect thorough The recent suspension of specie payinente reorganization ty the of Banks whole is dratined Banking to system. We do not know how much the be destroyed, or howmoch preserved-but CHANGE of it may from all quarters of the land for A cry comes m-and it will come. Both and all about political in the we perceive, are so acting as to bring an parties, result. One party does not hesitate to to be recommend associated in nihilation, and the the other, system not declares willing that the extension any and manner multiplication with of banks, has overdone the thing,an The curtime to wipe out and begin anew. for some rency that it question is is to be the absorbing topic time to come glex Gaz. Bank of England and the Bunk of York France-We a from have The had an opportunity, says Director the New in the Bank Express. of " have just of France perusing at Paris. letter to his frien in this city, finished received an exami- by the last packet the He books states, of the bank, and I find of that francs the nation of hand two hundred and forty millions hundred and apecie the on obligations of the bank are two and interest thirty while millions. Money continues abundant, Specie, low. In Dollars-the state in round numbers 50,000,000 is thus 48,000,000 Obligations, 2,000,000 CONDITION OF THE BANK OF ENGLAND. Liabilities. 17 860 000 Circulation, 7.782.600 Deposites, 25,742,000 Resources. 25.963.000. Assets, 2 889.000. Bullion, etg. 28 852.000 Thus the Bank of France Fosts have Firht Fifty Millions of Millions of obliga Dol-
