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The Pennsylvania Bank (Phil.) we see, by the papers received last evening, has had a run upon it.The other banks refuse its paper. Half the banks in the country, we fear, will go by the board.
Pennsylvania Bank (Philadelphia, PA)
Episode Information
- Episode UID
2820642390506- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Bank ID
-
282064239hash - Start Date
- February 1, 1842
- Location
- Philadelphia, Pennsylvania (39.952, -75.164)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
2ffb7b4849aa5eea
Response Measures
None
Description
Articles report a run beginning Feb 1, closure of doors early February, and chancery/receiver proceedings thereafter.
Events (3)
1.
February 1, 1842
Run
- Cause
- Local Banks
- Cause Details
- Continued withdrawals as other Philadelphia banks refused its paper following Girard's failure and general distrust.
- Measures
- Attempted to redeem notes with other notes and met many demands during banking hours.
- Newspaper Excerpt
- A run was commenced upon it Monday morning, and continued throughout the day with increased violence.
- Source
- newspapers
2.
February 2, 1842
Suspension
- Cause
- Local Banks
- Cause Details
- Closed after intense runs and refusal of other banks to accept its notes; decision to cease redeeming further notes and remain closed amid strained specie and interbank relations.
- Newspaper Excerpt
- The Pennsylvania bank ... did not open its doors yesterday.
- Source
- newspapers
3.
February 3, 1842
Receivership
- Newspaper Excerpt
- arguments in Chancery for appointing a Receiver, but no decision has been had.
- Source
- newspapers
Newspaper Articles (13)
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BY LASTEVENINGS MAIL.. EXCITEMENT IN PHIILADELPHIA. Run upon the Banks. The excitement is on the increase in Philadel phia. Confidence is lost in the Pennsylvania Bank, which, in point of capital, is the largest in the State, and is the Deposite Bank of the State A run was commenced upon it Monday morning, and continued throughout the day with increased violence. It succeeded in redeeming its paper with other notes. Its doors, it was expected, would be closed Monday, (yesterday) as it could not hold out against the run upon it. Two others are suspected; and there will be a general run upon all. The interest of the Pennsylvania State debt, (half a million) due day. will not be paid. Great confusion and commotion are anticipated in the city of brotherly love, during the week. This Bank and the Girard are both Loco pets.
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or Its own stock held by $4,700,000 it, amount to Under these circumstances the Board of Directors deem it their duty to assure the public, of their confident belief in the ability of the Bank to discharge all its liabilities in a reasonable time, to promise their best efforts to bring about this result and to caution the holders of its notes against parting with them at a sacrifice. By order of the Board of Directors. WM. D. LEWIS, Cashier. From the Philadelphia American, Jan. 31. BANK TROUBLES IN PHILADELPHIA.THE PENNSYLVANIA BANK The excitement of the week in regard to banks, has increased at the close. The suspension of payment by the Girard Bank led to distrust of all the banks on the part of the community. The Pennsylvania f Bank, supposed to be the weakest among those with large capitals, and doing the most business, was also run upon. The depositors commenced drawing on this bank on Thursday, which run continued on Friday-so that, during the two days, a very large amount of the deposites had been withdrawn. Early on Saturday morning, the notes of the Bank of Pennsylvania were refus. ed by one of the other banks. This act soon became generally known by the other banks, which immediately adopted a similar course. The crowd at the Pennsylvania Bank soon increased, and the holders of their notes demanded current funds in exchange for these notes. The number of persons with notes to be ex changed, and the number withdrawing their deposites, caused a considerable rush upon the bank the greater part of the time during banking hours. All the demands of both descriptions were however promptly met. The Philadelphia Chronicle of Monday saysAt the time of closing the doors, we were at the Pennsylvania Bank, where a great crowd of persons had congregate both in and about the building, but all left by degrees, until the place was a per fect blank. All inside the building at the time of closing, had their notes changed and departed in quiet. The Bank stood the run nobly, and we believe were it not that to morrow is the day on which the interest on the State loan should be paid, the institution would continue to redeem, but, unfortunately, under present circumstances it is considered advisable not to redeem any more of the notes, and the Pennsylvania Bank will, doubtless main closed to day. This information we obtained last even. ing; and would caution the public holding notes on the Pennsylvania Bank, not to make a hasty sacrifice, as the affairs of the institution present a favorable condition. The interest on the State debt which becomes due and payable to morrow at the Pennsylvania Bank, will not be paid. It will be allowed to go by default for a few days, and then paid. One of the reasons for deferring this payment is the very heavy premium on specie-12 per cent; and the interest must be paid in specie or its equivalent.
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SECOND BOARD. 20 2,000 Indiana week 214 1,000 Illinois do 2,000 10 days 21, 1,000 do 10 days 192 The Foreign Exchange market is quiet We continue our quotations Sterling, prime bills, 8 a 8: Southern 6 a it, Francs 530 a 5 289, There is no material change in Domestic Exchanges We quote Phi adelphia 61 a 03: Baltimore 31.2 a 37; Virginia 93 a 10: Mobile 14 a 141-2; New-Orleans 63; Nashville 14 a 14 1-2: Louisville 9.1-2 10: Cincinnati 18 1-2 a 14 A forgery was detected to-day, butthe perpetrator escaped Some person attempted to pass a check. by the aid of a boy, to a house In Wall st. purporting to be signed by Ketchum & Olcott of Hanover st. in payment of a !ot Treasury notes. A person is suspected but has not yet been arrested. When the boy, accompanied by Mr. Ketchum, returned to the spot where the man was to wait. be had decamped. The Chemical Bank has declared a dividend of four per cent for the last six months The City Fire Insurance Company a semi-annual dividend of five per cent. At the Tea sale to-day the prices obtained were a shade lower than at the previous sale. The plan for uniting the efforts of the Philadelphia banks to sustain each other by a deposit of available property. forming a Safety Fund, appears to have gone far towards quieting the excitement which prevailed in that city on the exciting subject of the Banks. The firmness also of the Moyamensing, Penn Township, State Bank at Camden, and other Banks which have "sustained a 'run without flinching, has tended to add to this effect. The arrangements for this Fund are all completed except the actual depositing of the securities which will be completed before Monday next. The amount has been fixed attwenty-fivethousand dollars for each Bank, to be increased should the Board of Trustees deem it necessary. The following named gentlemen are the Trustees for the banks set opposite their names: North America-John Richardson. Piilladelphia-Samuel F. Smith. Commercial-James Dandas. Mechanics--J. B. Mitchell. Penn Township-D. B. Hinman. Sauthwark-Thomas Sparks. Western-J. Patterson. Farmers and Mechanics'-I. P. Hutchinson. Northern Libertle--David Kirkpatrick. Manufacturers and Mechanic-'-Thos H. Craigs Moyamensing-Josephic Solmns The Pennsylvania Bank continued closed, and arguments in Chancery for appointing a Receiver, but DO dehas been had. The interest upon the on the 1st inst. remains yet and are cision heard payable unpaid; State debt, the stock due rose from 431050. Some other stocks experienced a small advance. The Legislature of Pennsylvania are engaged upon the engrossing subject of the Banks, and the Committee on Banks was directed to report a bill providing for the resumption of specie payments. It was supposed they would fix upon the 1st of June as the day, and that the House would probably name a still earlier day. The Philadelphia Banks now refuse to receive Country Bank notes on deposite. Specie, which had been at ten per cent premium, declined to six per cent. In relation to the interest on the State Debt, the North American says, As the last resort. it is understood, Gov. Porter applied to the principal City Banks, and we learn those institutions promptly tendered the necessary aid, upon condition of receiving a portion of the assets of the Bank of Pennsylvania for collection, with an assurance that the State should guarantee the repayment of the money advanced before the time determined by the Legi-lature for resumption. It Is stated lat_funds were remitted by the last packet in pay the interest due foreign holders of the State Stock, of Pennsylvania having bought into trouble. It was confidently the got Bank expected the bills that the before arrange- interest she ments would be completed in a few days to pay in full. The Branch of the Bank of Pennsylvania at Harrisburghts said to be closed. PORT OF BOSTON.-Artivals during the month of January, Ships. Barks. Brigs. Schrs. Slps. Total. 1842 221 14 21 54 131 1 161 113 30 10 7 Coastwise 60 0 18 21 11 7 Foreign of the foreign arrival+ 1 bark was Sicillian; 1 brig and 5 schooners British. The Senate of the Louisiana Legislature passed on the 20th inst. the following resolution in relation to the Banks of tha State That the Finance Committee bei instructed to inquire into the present condition of the Banks generally, and the proceedings of their several Boards of Directors, and the conduct of their officers, and especially what steps they have taken. or any of them. preparatory to a future resumption of specie payments, and their capacity to do so: and that ii any violations of law have been committed by any of the Banks: and that farther provisions of law may be deemed necessary; with directions to report from time to time, and especially as to any particular Banks, as often as they may deem expedient, by bill or otherwise, and with power to send for persous and papers; and to examine witnesses on oath.
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BANKS OF PHILADELPHIA The Bank of Pennsyl met the runs upon it Sat urday till 3 o'clock. and then the officers having ascertained that no one of the many present had any further demands to make, closed the door at the usual time, stating that they would cheerfully meet any demand, even after bank hours. The Philadelphia U. S. Gazette of Monday morning says: - The Pennsylvania Bank is the depository of the State money, by law, and the State owns a large portion of its stock; and hence public feeling is, at the present time, much excited on this subject, inasmuch as the in terest on the State debt, due to-morow, is payable at that Bank: and it is understood that the funds were all supplied for that purpose, amounting to $800,000. Governor Porter, who has been for several day in this city, was at the Bank a considerable time on Saturday, during the run. We have stated that the run on the Pennsylvania Bank was fully met on Saturday. and further demands were invited. as we understand. and none were made.The great inquiry now is, will the State interest be paid to-morrow On Monday this Bank closed its doors, and small runs were made on some of the other Banks.
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PHILADELPHIA. Feb. 1. Bank Affairs.-The Pennsylvania bank which was run upon on Saturday, did not open its doors yesterday. Thiscourse was pursued in consequence of the action of the
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The Girard Bank and the Pennsylvania Bank, two of the largest banks in the city of Philadelphia, have failed. The Girard Bank had a capital paid in of five millions of dollars; but being intimately connected with the Bank of the United States, it in consequence sustained heavy losses, and a report becoming current that one of its officers was a defaulter for half a million, a run upon it was produced, and it was obliged to close its doors. The Pennsylvania Bank had a capital of 2, 500,000 dollars. Supposed to be in a tottering condition, the other city banks refused to take its notes or checks, and it was obliged to follow the course of the Girard Bank. The other banks of the city and county of Philadelphia, with two or three exceptions, have entered into an arrangement to sustain each other, by forming a safetyfund, to be created by depositing from fifty to one hundred thousand dollars each, according to its capital, in the hands of trustees. In case of default, these deposites are to be applied to pay the defalcation, and the defaulting bank to be thereafter excluded from the arrangement. On the 1st of August they propose to resume specie payments. These arrangements were unanimously adopted by the banks represented, and had considerable effect in allaying the popular excitement.
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Moyamensing-Joseph Solmns. THE BANKS AND THEIR EFFORTS. The plan for uniting the efforts of the Banks of our city, to sustain each other by deposites of the available property of each, seems likely to produce the good anticipated in the inception; and the a. greeable operation of the scheme was manifest yesterday in the general quiet and ease of our citizens. It seems to us that the arrangements are of the right kind, that is, they are better than any that have been hitherto proposed, and deserve the approbation and confidence of the community. The daily check which is had upon the issues of each Bank, will not only pre. vent excesses to injure the public, but it will insure that confidence so absolutely necessary to business, and to comfort in the transaction of business. No Bank can now issue beyond its securities; and this will be as agreeable to stockholders as to bill holders. And we shall shortly find its operation on business manifested in the exchanges, which are now at an outrageous difference. And what is worse, gold and silver, in any desirable sums, are at almost double the advance of New York funds. This, of course, comes from the momentary panic of individuals, who, anxious to secure something upon which dependence can be placed, are converting their available funds into silver and gold, for domestic purposes. This, of course, will soon "leak out" into the market, and thence to the brokers, so that the demand and supply will regulate the price, and a healthy tone restore an equilibrium between specie, and the notes of specie paying Banks. We look now with confidence to a continuance of quiet; unless the Legislature should be induced to mar the plans of the Banks and introduce confusion by untimeIv action. We trust they will not do that thing, and go against the rights of the pe ple. The Pennsylvania Bank continues closed, and arguments are heard in Chancery for appointing a Receiver, but no decision has been had. The interest upon the State debt, due and payable yester. day the 2d inst., remains unpaid; yet the stock soon rose from forty-five to fifty. And we may remark, that some other stocks experienced a small advance.
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Philadelphia. [Cerrespendence of the Herald] PHILADELPHIA, Feb. 15. The weather to day is cool though clear. In business, nothing is doing-in panic, nothing-in politics nothing-and in fun, fashion and frolic, but little. The most amusing matter in hand just now is the ridiculous conduct of our Legislature. A greaterset of donkies, with two or three exceptions, never were ears. The last bill reported on the sub. ject of resumption, is u broad farce, and has done more to lessen that body in the respect of the peo. ple, than all the weak and wicked conduct in legislation for the past ten years. Petitions are in circulation in considerable numbers, to which a large number of names are attached, asking that body at once to adjourn sinc die. I venture to assert that if these petitions could be presented to every voter in the city and county. so thoroughly arothey disgusted with the last legislative doings, that seven-eights of them would sign them. Some of these petitions are drawn up with signal tact and ability, and the sarcasm of their burlesque eulogy must make certain Senators feel, if they are not as invunerable as a rhinocerous' hide, how supremely ridiculous their ignorance or venality makes them appear. Had the House's bill been promptly passed, as their conduc: for a time warranted the belief, would be the ca e, these members would have returned to their constituents with a popularity rarely equalled. The most of the present ridicule comes from the particular friends of the banks, which, when it is known, may induce the Senate at once to take up the Assembly's Bill and passit through the Senate. The Pennsylvania Bank is besieged to day by an immense crowd of persons, seeking their interest on the State debt, which continues to be paid on the same equitable principles as yesterday, to wit, 1013 to the 100. It was remarked, however, to-day, that the paper paid out in several instances, was more depreciated than that used yesterday-some of It being ten per ccnt below par. The Governor has returned to Harrisburg. The business in stocks to-day was light, at prices even firmer than yesterday. State fives advanced one half, selling as high as 50 in currency, equal to about 47 in specie. Exchange on New York is selling to day at 5 to 6-specie 51 to 6}. Pennsylvania Bank notes 8 to 10 percent below currency; Girard 35, and United States Bank, 50 to 55. It is roundly asserted here, that the officers of the Tow anda Bank, are doing all that they can to discredit the issues of the institution, and at the same time buying them. This is modern finan. ciering. am informed that some steps have b en taken in the Court of Common Pleas, to forfeit the charter of the Girard Bank. At the Che nut street Theatre, Miss C. CushIX an, Mrs A. Selton, and Mr. Chippendale, spear to night. These with the other talent attached to the establishment, should give it good audiences. A resumption town meeting is called for Thursday evening at the county court house. There will be some strong expression of opinion there, and perhaps some fun. It will doubtless be very large. - the -
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Profit and Loss 8,646-Total 492,777. Capital Stock 420,000, due Bank of the Company 72.777-Total $492,777. There was not much change yesterday in Philadelphia in money matters. State Fives sold at #-Exchange on New York at 5 a 5:-Specie 5 a -Girard Bank Notes 35 a 37-Pennsylvania Bank 5 a 7-Relief Notes 10 a 15. The Philadelphia North American states that the Farmers' and Mecnanics' Bank receives deposites, from its cus tomers to larger amount than any other Bank, but still limits the amount. The Etna Insurance Co. of Hartford, has declared a dividend of Five per cent for the last six months. The bill for the reduction of the capital of the Dutchess County Bank, was opposed in Committee of the Whole by several members, and was ordered to be printed. The Comptroller states that the circulation of the Clinton Bank of this city, recently suspended, is 22,662 dollars- Se curities 35.000. Illinois Sixes at present worth about 7,000 dollars. The excitement in Philadelphia has nearly subsided. Re. lief notes are generally taken by the shopkeepers. Pennevenia Notes 5 a 7 discount, Girard 35 a 40, United States 50 a -specie, 6 per cent premium. The Girard and Pennvivania Banks continued closed. The Commercial Bank of Lake Eric is paying off its depositors and declining business. New-York Market. ASHES-Sales - of Pets have been made at 6.50. Both sorts are very dull. COTTON-In consequence of the steamer being near at hand, operations are quiet and the sales are about 400 to 500 bates per day. FLOUR-The market is very heavy. Sales Troy, afloat, have been made at 6:06: Holders generally ask 6123 a 6 189. Sales Genesee are only in small lots at 6 25. Southern without change and very little doing. Georgetown 5.00, Alexandria 5 75, Brandy wine 6.00 a 6 12 GRAIN-No Wheat in market. It is wanted. A parcel of 3000 bushels New-Orleans Corn sold for export at 58c. delivered up town. The market is nearly bare of all descr ip tions of Grain. A small parcel Jersey Rye sold at 68. A lot of Northern is unsold. Jersey Oats are selling at 40 a 46c. A cargo Southern is in the market unsold.
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e to close The Manufacturers' and Mechanics out against a terrific run. not open The Philadelphia d wnship somehow did The Gazette Penn of sterday afternoon stated semi-officially(sevenat will on Monday next do basis, issue their own paper, settle with in coln. Several have redeemed their notes with The Banks, least, each specie business other for Bankswirl unite." act true Ameeting this evening will decide if more of the From:N Philadelphia North American.) The public may rest assured that the banks to resume and maintain specie will not be another zards pared There suspension. payments will at the all be thic want payment for all claims against the en to they will be paid as the the last dollar required banks. If un. resumption law. The interest of the greatly promoted by not made upon the banks: for in ands however, being be unnecessary the public same de. portion as the public evince confidence in the to extend assistance and y will portion be able of relief banks, to the siness the city. This is much needed banks will most those of Philadelphia. The "The other example Pittsburg of of undoubtedly banks follow now. in parts the State, whether be compelled to do the same, or 1. will accepting become banks or The notes of all banks that do not cease to pass as currency, and will be sold at value, whatever it may be. dited. kers placed their the They resume to will dis. the on same footing as merchandise currencies of unequal value There cannot be a rket. culate ich will together. Two question can in never now, the be continued and which banished from cir. purious ation by the people. They will no longer tolerate currency We learn that a convention of banks that relief law has been called to meet at Lancaster, accepted for purpose of agreeing to rest upon their a determination will their will find public opinion far tial rant. law. than They Such law. prove rights more under death po. That will be against them. All the ks which do not now resume will be forced into li. ness. dation. They will not be able to exist and do any (From the Spirit of the Times, Saturday.) 'The following IS a list of the Banks of our city re lately. They all still king but are doing no business, and be down 'suspended houses. occupy may their that in the category as "essentially used up by it victims. They are the Bank, $35,000,000 1,000,000 Schuy!kill Bank, 5,000,000 Girard Bank, 2,300,000 Pennsylvania Bank, 500,000 Penn Township Bank, 1,400,000 Mechanics' Bank, 600,000 Manufacturers' and Mechanics Bank, 250,000 Moyamensing Bank, Total amount of capital, The total number of our banks therefore which $46,250,000 led within a few months, and four of them within have fee days is eight, and a combination of their capitals, kes the saug sum of FORTY-SIX MILLIONS TWO HUN ED AND FIFTY THOUSAND DOLLARS. The Tarif} -There can be no mistake about it. merican System Whigs go for Distribution, because The ev consider it as equivalent to an Tariff's is the cuckoo note Tariff IS the greatiro they have now Agitate the Tariff, is the advice of Mr. Ilan riff. anvil Whigs Tariff augmentation sounded of upon the by letter. which he has Whigs of Connecticut. essed Landthusa his Lithograph the Agitate privately the Trum- Ta. ad. the Whigs in the State The Washington also lets the cat out of the athandin April. describes Y American Correspondent of Election, bag.- which the consultation which the on inst., and their determination ( the the 14th Whig members to lay bill, and go on with the amendment, the rate of interest to the ie, de ual with and enlarging Mr Appropriation Fillmore's "extending present Loan the price of money and the actual credit of They are waking up to a the crisis and the : nal exigency Government. of sense the Na. of in then. Keep moving, and fire (all,aye, all) "is which untry in, , ill all in involves demands. accomplished responsibilities awayat the What is the use now of bills to priute will money which is not in the Treeasury, and ap. h not be there till loans have put it there : Tariff to meet the loan must follow A it may.' ies, we will resist resources of the Federal d timate sales, who Government, per until force.- the its are poured back into its be no increase of the duties until that is re then Treasury. done- Let not a cent put on, except what may be y necessary for the wants of a Government essen- most nomically administered. e At the commencement of the Richmond Medical held in the College building, on Monday, the Col. 7th March, red the degree of Doctor of Medicine was con. on the following gentlemen Hanover. AT 11. TYLER Richmond, ARTER JOHNSON HAPMAN J. 31. B. REID THE H. TYLER King William. Albemarle. C. MAURIN Nelson. IN HARDING Boxz Norfolk. M. PRITCHARD Richmond. HN CURRY Gloster. Chesterfield HALL R. WESTER Dinwiddie. HN 1. EDWARDS Essex. 1. FORANK Turm The 65. number of Students amounted at Kentucky. the late 7th day Commencement day was held on sesGraduates of March. The Diplomas were delivered Monday, to by President Maxwell of Hampden after which, an address was by the same, which was followed aduates tory College. from delivered by to Sid. the Professor Warner, and the day closed supper given to the Students at plendid change Hotel, night avale. at with the by the Faculty. ites The on N Y. Correspondent of the Philadelphia Gazette ich have the 16th, that "a part of the Treasury so shamefully dishonored by the been redeemed by Mr. Morris Mr. K at the urgent mment, cretary Wall street of have been request Ketchum of notes the go. es were the Treasury, accepted $100,000. These tured for negotiated by him, and are now coming in dit, he payment; but with a spirit that does him : and be feels Number: that his honor requires they should be
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Broken Banks in Philadelphia. The following list of Banks still occupy their banking houses in this city, but their business is suspended, and their capital may be considered out of market. We annex their locations with the capital of each institution : U. S. Bank, located in Chesnut street $35,000,000 above Fourth, capital Schuylkill Bank, corner Sixth and Market, 1,000,000 Girard Bank, Third below Chesnut, 5,000,000 Pennsylvania Bank, Second below Chesnut, 2,500,000 500,000 Penn Township Bank, Sixth & Viee, Mechanics' Bts, Third above Chesnut, 1,400,000 Manufacturers' and Mechanics' Bank, 600.000 Third and Vlne, 250,000 Moyamensing Bk, Second & Chesnut, $46,250,000 Total amount of capital,
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us.The Philadelphians continue to draw specie from About $90,000 went on this afternoon. The supply of Treasury Notes continues light. Small amounts we quote at 1g a 13 discount; large do 2 a 21. The money market is light, and good paper sells at 1 all per month. Some of the Banks are discounting to a fair extent, but mostly they are pursuing a restrictive policy. Advices by the Columbia speak of the money market in England as being very easy. The Bank of England had put down the rate of discount to 4 per cent. She has received large supplies of bullion. We can see very little that is favorable in the accounts from the other side. In American stocks the only actual transactions were sales of $100,000 Pennsylvania Fives at 471 a 48, and a small amount at 50, and $100,000 Ohio Sixes, of 1250, at 60. We annex the quotations of the 3d, of the principal American securities:New-York Fives 75; Penasylvania Fives 47 a 50: Ohio Sixes 60; Indiana and Illinois Sterling Bonds 25; Louisiana Fives 60: Maryland Sterling Bonds 55; United States Bank 20th Bicknell's Reporter says-" The resumption of specie payments by our nine solventar business-doing banks sill continues, and as a consequence our money market is alarmingly contracted-the out-door rates on what is known as good paper' varying from 2 to 2) per cent. a month. The suspended banks continue closed for the ordinary purposes of trade, and their notes are selling at ruinous rates. We annex the rates at the close of the week: United States Bank notes 60 a 65; Girard notes 50 Pennsylvan ia do 22 a 25; 'Relief' notes 20 a 25; Mechanics' notes 15 a 25: Penn Township notes 25 a 30; Manufacturers' and Mechanics' notes 25 a 30; Mayomensing notes 18 a 25. Specie-paying banks; Philadelphia County-Philadelphia Bank, Commercial Bank, Bank of North America Farmers' and Mechanics" Bank of Northern Liberties, Western Bank, Kensington Bank. Germantown Bank, Southwark Bank. Pittsburg-Exchange Bank, Merchants' and Manufacturers' Bank, Pittsburg Bank. "York Bank, Bank of Middletown, Easton Bank, Deylostown Bank of Bucks county, Farmers' Bank of Reading, Franklin Bank of Washington, Northumberland Bank, Miners' Bank. Pottsville, Honesdale Bank, Bank of Montgomery county, Bank of Chester county, Delaware County Bank, and probably several others." The Presidents of the Backs in St. Louis, Mo., that are in a sound condition, and the Board of Currency, have had a meeting in that city, on the 18th, the result of which has been an arrangemently which all the strong Banks will go 51 harmoniously together, making weekly exchanges, each Bank issuing its OWB notes payable on the 5th December next. The New.Orleans Bulletin of the 19th says- The Banks have all accepted the 'Relief Law,' three of them, however, conditionally; but none of them are rising in opposition to the law. If we are not misinformed, they will on Monday all commence paying out their own notes at their counters. We anticipate an entire restoration of confidence in our currency, and, as a natural consequence, a fall in specie and exchange." Specie at New-Orleans on the 19th, 5a7 per cent. premium.