Article Text
ALEXA NDRIA TUESD.1Y, JUNE 1, 1819. BANKS. Notwithstanding the avidity with which the editors of papers in Baltimore seized upon, and gave currency to, the unfounded rumors in circulation, set, afloat no doubt, the by interested individuals, in relation to solvency.of the banks in this part of the district, we have studiously avoided giving the various reports which we have heard on the same subject, relative to several of the Baltimore banks; and not till we saw an official notice of one of the banks, did we deem it proper to say any thing about it. With respect to the banks in this place, in we are confident they able to meet all their are now fully operation, and engagements, happy and will continue to do so; are to learn from the following article, copied Baltimore Federal Gazette of Sain relation to the the evil of a bank stoppage is not from turday, that the Mechanics' likely bank, City extend farther there than to the conduct in Baltimore, and other to Bank banks of Baltimore.-The individuals, mentioned of the towards the oppressed bank, as and in this article, is highly bonorable praiseworthy-and we would say to the this directors of the different institutions in place, and individuais, should occasion require it, go thou and do so likewise. "A necessary arrangement at the City Bank of Baltimore, yesterday, excited a partial alarm, chiefly among the laboring class of citizens, respecting bank paper, and caused a number of small demands for specie on several of the other banks, which dewas renewed this morning. These were met so promptly, was soon restored. mands lic confidence that the Except pubin a few instances. the sums demanded were very small; a great proportion of both in number and amount, ten dollars from each them, exceed claimant, did and not very many of them were for one and two dollars. At the Mechanics' Bank of Baltimore, where the greate=t number of claims were made, several of the directors attended to the officers of the bank, and by this a vast crowd of demands were in a short so that fied means assist period, before twelve saliso'clock to-day, scarcely a solitary c!aimant remained, and the demand has now wholly ceased. A gratifying instance of the confidence reposed in the Mechanics' Bank in this came to our knowledge the run which was inade upon during city, this morning, to say, that institution for specie. A Lady came that she had laid by a few hundred Spanish dollars, which, if the bank wanted them, were entirely at its service. A number of respectable citizens also proved their confidence in each of the banks, by making deposit in specie. As an act of justice, which we have much pleasure in performing, we add, that the several respectable exchange offices in this have evinced, on this an !iberality in tive city and friendly oucasion, their aiding conduct, the acwhich has been highly useful in banks to quiet the alarm which prevailed meritorious conduct reas deserve, the thanks ceive for this they they will of their fellow citizens. That one or two citizens have acted otherwise than friendly to the banks, we sincerely regret. and hope that on reflection, they will be sensible of the impropriety of assisting to increase an unnecessary excitement. The friendly conduct of all the other banks in this city to those OR which demands were made, is highly honorable to their respective officers and directors and the increase of confidence in the safety of our monied institutions which must be the result of this judicious if induct, will renshort excitement which we have experienced der the a benefit to our city." ANECDOTE. A gentleman of this city, whether actua-
