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actico engagements. Resolved, That the gentlemen whose nanres follow shall compose the said committee. WM. NOTT, CAIZERGUES, LANDREAU, "D.F DUBOURG, MAZTREAU. Resolved, That we consider the measure adopted by the several banking institutions of this as by imperatively required city the judicious peculiar and situation of the country, that our confidence in the validity of their notes is thereby not diminished, and that we a. gree to receive and give currency to them as usual. New-Orleans, April 28th, 1814. WM. NOTT, Chairman. P.F. BUROURG, Sec'y. follow the names of the mer{Here of N. Orleans chants and traders Fellow-Citizene, The alarming occurrences which we have witnessed for the last 2 days, were the unavoidable effects of the distressing situation into which this country has been thrown by the present war, & the restrictive measures on our commerce, by which our government has endeavoured to deprive our enemy of some of the resources he might have drawn. Additional causes of the drain of spe which this state of things has opebe found in the rated, cie, may for accumulation which their of produce in our stores is and in the not to no vent, of difficult, receiving sup say the impossibility the usual such we con der plies through circumstances, channels have Un ceived it a measure in of the community to our terests salutary suspend to the in and we to it, from a that payments mined adopt specie, conviction have deter the benefits which it may produce, will more than counterbalance the evils that may attend it. It ought also to be considered that none of our three banks could singly suspend its debtors, among whom the most respectable characters, merchants as well as planters, may be found. The prospect of the removal of the embargo induces us confidently to look to better times, and to indulge in the well state of cannot last up things grounded hope much that longer. this But in the mean time we deem it our duty to claim the continuance of your confi dence. There exists an indissoluble connection between the welfare of this country and the existence of our banks-Their well im. and directors portant truth, are convinced they pledge of this them selves that that 10 your may preserve nothing shall be neglected, properties their full value, and maintain the public credit at a moment when the want of specie may produce the ruin of various classes of the community. us also reflect that the suspension of of a bank not to Let payments ought discredit its notes, since their ralidity is secure by a repreperfectly stockholders sufficient sentative capital; the alone would be the sufferers, if it were possible to fear such an event. On the 27th April, 1814, the Directors of the Louisiana Bank, of the Planters Bank, and of the Bank of Orleans, convened at the house of M. Fortier, Esq. and adopted the following resolutions : Resolved, That the Louisiana Bank, the Planters Bank and the Bank of Or. leans, suspend their payments in specie for the present, and that they mutually exchange their respective notes as here tofore. Resolved, That whenever the banks may be permitted to resume them, this measure will take place eight days after one of them shall have been summer by the two others. Resolved, That the present resolutions shall be laid before the public, in two of our newspapers, and that a copy duly signed by the three presidents of
