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SUSPENSION OF SPECIE PAYMENTS. morning, we learn that the By a dispatch received this (Wednesday) York city and Boston have all suspended specie payments. Of course, and necessarily, this example will be followed at once by the country lieved. banks, and the pressure will be re-
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Resumption of Specie Payments. A dispatch from New Orleans annuounces that the banks in that city, which suspended specie payments during the late panic, have again resumed. This is agreeable intelligence, and we hope to see our own and other suspended banks adopt the same course at an early day. The banks of Boston, it is said, are prepared to resume. Specie is rapidly pouring into New York, and a letter from that city, dated Tuesday evening, says: Our city banks are now so strong in their specie reserves (20,000,000) that they are abundantly able to resume spece payments. Some of the prominent bank men in the street to-day said they are willing to take that step as soon as the country banks are ready to "second the motion." In point of fact, specie payments at the counters of the principal banks are already resumed. Gold is 80 plenty that the suspension is only nominal. While these cheering signs are visible in financial circles there is much to encourage a hope of better times elsewhere. Many of the up-town shops that were panic struck a few weeks since, are taking back some of their discharged hands, and preparing to resume buisness. The grading of the Central Park is going to give work to 1,000 laborers nearly all winter, & it is expected that by the 1st of January 500 more will find something to do on the new post-office, to be built at the lower end of the park. The New York Journal of Commerce estimates that the specie in the banks of that city this week will equal $20,000,000 : a larger amount by several millions than was even in the banks before.
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From the Baltimore Sun. RESUMPTION OF SPECIE PAYMENTS.-A despatch from New Orleans announces that the banks in that city, which suspended specie payments during the late panic, have again resumed. This is agreeable intelligence, and we hope to see our own and other suspended banks adopt the same course at an early day. The banks of Boston, it is said, are' prepared to resume. Specie is rapidly pouring into New York, and a letter from that city, dated Tuesday evening, says : Our city banks are now SO strong in their specie reserves ($20,000,000) that they are abundantly able to resume specie payments. Some of the prominent bank men in the street to-day said they are willing to take that step as soon as the country banks are ready to 'second the motion.' In point of fact, specie payments at the counters of the principal banks are already resumed. Gold is SO plenty that the suspension is only nominal. While these cheering signs are visible in financial circles, there is much to encourage a hope of better times elsewhere. Many of the up-town shops that were panic-struck a few weeks since are taking back some of their discharged hands, and preparing to resume business. The grading of the Central Park is going to give work to 1,000 laborers nearly all winter, and it is expected that by the 1st of January 500 more will find something to do on the new post office, to be built at the lower end of the Park." The New York Journal of Commerce estimates that the specie in the banks of that city next week will equal $22,000,000-a larger amount by several millions than was ever in the banks before.
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Average Savings $1,000 for Each Local Resident Savings accounts deposits in the nine banks of Davenport have a per capita value of $1,000. Few cities thruout the country exceed this high average. No city of like population equals it. From The Democrat, Sept. 28, 1857. From a telegraphic dispatch received on Saturday evening, we learn that the bank panic is raging in Boston, Philadelphia, Baltimore and Washington. We also learn that the banks of the above places have suspended specie payments. This, however, will not affect bill holders, nor hinder the currency issued by those banks from being received by our banks on deposit. The banks of Hopkinton, Rhode Island, and Monson bank, Maine, thrown out. Don't take Eastern Exchange.
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verage Savings $1,000 for Each Local Resident Savings accounts deposits in the nine banks of Davenport have a per capita value of $1,000. Few cities thruout the country exceed this high average. No city of like population equals it. From The Democrat, Sept. 28, 1857. From a telegraphic dispatch received on Saturday evening, we learn that the bank panic is raging in Boston, Philadelphia, Baltimore and Washington. We also learn that the banks of the above places have suspended specie payments. This, however, will not affect bill holders, nor hinder the currency issued by those banks from being received by our banks on deposit. The banks of Hopkinton, Rhode Island, and Monson bank, Maine, thrown out. Don't take Eastern Exchange.