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ANOTHER SUBPENSION, ac. WASHINGTON, Sept. 15.-A sudden and heavy run has caused a partial su pension of the Georgetown Bank of Commerce to-day :but It redeemed its i-sues and paid most of the needy deposito rs. It is ref 0 ted that the Bank, with the assistance of the Bioc to ders, will re ume in as few days There has been & run 03 most of the priva'e bankers, but all dema di having been promptly met, the excitement had subsided before the closing hour.
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WASHINGTON, Tuesday, Sept. 15, 1857. The Hon. Thomas H. Benton continues to improve, and is now considered past danger. Judge Bowlin has resigned his office as Minister to Bogota. Second Assistant-Postmaster Dundas has gone to New-York on business connected with the facilitation of the California overland mail. The Secretary of the Treasury, on appeal, has reversed the decision of the Collector of New. York, who assessed a duty of 24 instead of 19 per centum on colored or plaid flannels. The fact of their being colored or printed does not change their character as known in the trade, nor remove them from the schedule in which flannels are provided for especially. The Secretary on appeal has also reversed the decision of the same Collector who imposed 24 instead of 19 per centum on checked flannols. That they are checked and a larger nap raised on them than ordinary, does not change their distinctive character of flannels. In another case the Secretary says: In estimating the foreign character of wool, with reference to its exemption from liability to duty, the appraisers can determine such value independently of the invoice, by prices current and other reliable means of information of the value of the article is foreign markets, such as they employ in ascertaining the foreign values of other staple articles of import. A sudden and heavy run caused the partial suspension to-day of the Georgetown Bank of Commerce: but it redeemed its issues and paid such of its depositors as were needy. It is supposed that the stockhold. ers will resume in a few days, as it is represented that they are able, and that they will protect the back. The run was also kept up on most of the private bankers, but all demands having been promptly met, the excitement subsided before the closing hour. We have New-Orleans papers of the 8th inst, containing late advices from Texas. Judge Hemphill and Gov. Pease were candidates for the United State Senate. The Houston Telegraph of the 4th inst. states that cotton-picking was actively progressing, and that more cotton would be raised this year in Texas than in any previous year. It also states that the sugar rop will not be over three quarters of the usual average. The Mobile Register states that $150,000 have been raised in Georgia for Walker to make a new desceat on Nicaragua.
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Interesting from Washington A NBW TEHUANTSPEC GEANT-FNaNCIaL TROUBLES AT TBE CAPITAL-PBOPOSITION TO SEND TAB NiaGARA TO ASSIST IN LAYING THE TELEGRAPH TO India. WASHINGTON, Sect 16, 1857. Private despatches were received here to-day, dated New Orleans, stailig that old Tebuan epec Transit grants have been cancelled by the Mexican government, and a new one made with a Louisiana company recently organized. Auother despatch was receive¹, confirming the above and giving a more full account. The grant was signed on the 4:b inst. by Fresident Comonfort. It is for sixty years, and gives them sufficient lands along the route for the use of the company. The failure of Paird & Nourse has caused quite a panic here. Some heartrending scene. occurred at their estab üshment to day. Men, women and children could be seen crying and taking on at a terrible rate. Clerks, employ és and laborers in various department: had deposited their All in this Concern, amounting in all to upwards of one hundred and forty thousand dollars. Runs have been made on other establishments, and it is believed that some of them will go by the board It is rumored that the Bank of Commerce, in Georgetown. has closed its doors The Secretary of the Navy has had under consideration to-day the propriety of tendering the English government the use of the frigate Niagara to aid in laying down the telegraphic cable to India, should the India company purchase that portion of the Atlantic cable now colled on the decks of the Niagara THE GENERAL NEWSPAPER DESPATCH. WASHINGTON, Sept 15, 1857. Hon. Thomas. H Benton continues to Improve, and is now considered past danger. Judge Bowlin has re.igned his office as Minister to Boguta. decond Assistant Postmaster Dundas has gone to New York on business connected with the facilitation of the Califo nan overland mail. The Secretary of the Treasury, on appeal, has reversed the decision of the Collector of New York, who assessed a duty of 24 instead of 19 per cent on colored or plaid fisnnels. The foot of their being colored or printed does not charge their character as known in trade, nor remove them from the schedule in which flannels are provided for especially The Secretary, on appeal, has also reversed the decision of the same Col ector, who imposed 24 insteal of 19 per cent on checked fiannels. That hey are checked and a large D&D raised on them than ordinary does not change their distinctive character or fiannels In another ca e the Secretary Bays :- In estimating the r reign character of wool, with reference to its exemption from liability to duty, the Appraisers can determine such volue independently of the invoice, by prices current and other able means of information of the value of the article in foreign markets such & they employ in ascortaining the foreign values of other staple articles of import." A sudoen and heavy run caused the partial suspension to ony of the Georgetown Bank of Commerce; but it re deemed 115 issues. and paid B ch of its depositors as were needy It is supposed that the stockholders will resume in a few days, as 16 is represented tome they are able, and thatibey will protect the bank The run was also keptup Ou most of the private bankers, but all demand having been pro mptly met, the excitement subsided before the cloaing hour.
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[SECOND DISPATCH.] PHILADELPHIA, Sept. 16, P. M.-Capt. Kelly, and the crew of the Norfolk, which sunk in Chesapeake Bay, have been landed at Cape Island, by the steamer Jos. Whitney. bound from Baltimore for Boston. The owners, It is said, intend putting on another steamer to keep up the semi-weekly connection. The steamer and cargo are insured. THE FINANCIAL "EXCITEMENT" IN WASHINGTON. WASHINGTON, Sept. 16.-The financial excitement here has subsided. The Bank of Commerce, at Georgetown, continued to redeem its paper, but refuses to pay depositors for a few days. The private bankers having withstood a run, holders are again depositing. Confidence is generally restored.
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MONEY AFFAIRS AT W ASHINGTON. W ASHINGTON, Sept. 16.-The financial excitement has subsided. The Bank of Commerce, at Georgetown continues to reduce its paper, but withholds deposites for a few days. The private bankers having withstood the run, holders restored. are again depositing, and confidence is generally
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BY TELEGRAPH NEW YORK, Sept. 15.-Further Foreign news per steamer Persia. Constantinople advices say that the Porte insists that England shall evacuate Perine or restore it to Turkey. WASHINGTON, Sept. 15.-A heavy run was made on the Bank of Commerce, Georgetown, which caused a partial suspension of payments. It is supposed that it will resume in a few days. The run on the private bankers was promptly met. The excitement has subsided. The Secretary of the Treasury directs the appraisers of Foreign wool to determine the value independently of the invoice by such reliable means as can be procured. NORFOLK, Sept. 15.-The Empire City put in here for coal. She experienced a succession of heavy gales, which slightly damaged her. All well. PHILADELPHIA, Sept. 16.-The steamer Norfolk hence for Richmond was sunk in the Chesapeake Bay by the gale on Monday. The crew was saved. NEW YORK, Sept. 16.-Fears are entertained for the safety of the steamer Central America, which sailed from Havana on the 8th. PORTLAND, Maine, Sept. 16.-175 towns show a Republican loss over last year of 5173. NORFOLK, Sept. 16.-The Empire city brought 700,000 dollars. The Brig Roodes from Boston is ashore at South Cape Henry, The steamer Jamestown is reported blown to sea and her cargo considerably damaged by water. WASHINGTON, Sept. 16.-The Bank of Commerce at Georgetown, and the Banking houses run on yesterday, continue to redeem. Confidence is generally restored. BOSTON, Sept. Geo. S. Abrahams, Custom house broker, and agent of Baring Brothers has been arrested for forging, and obtaining the figures of invoices for the purpose of defrauding the Revenue. ST. LOUIS, Sep. 16.-Kansas advices say that the constitutional convention organized by electing John Calhoun President, who spoke in favor of submitting the constitution to the people. Five hundred troops left Leavenworth on the 9th for New Mexico. The St. Joseph Journal gives an account of a battle between Sumner's command and a band of Indians in the middle of August, on the Arkansas river. Loss-To the troops 4; to the Indians 20. The report that 400 Indians was slaughtered was unfounded. CINCINNATI, September 16.-Flour $4,40a4,60. Wheat.-Red 85a90c; white 95a1,00; Oats 33c; Barley 93c; Whisky advanced; Linseed oil 68c. From 3 to 5 per cent discount is asked on all New England and New York country banks. NEW YORK, Sep. 16.-Cotton steady; Flour buoyant; Wheat advancing; Corn firm; Provisions declining; Sugar during the last three days has declined 1 to 1c; Coffee firm; Rice The Pacific overland mail contract has been signe by John Butterfield, W. B. Dinsmore, W. G. Fargo and others, and Dundas, in behalf of the Government for six years, at $600,000 per annum. To commence in one year from yesterday. The contractors contemplate forming a joint stock company. NEW ORLEANS, Sept. 16.-Cotton-sales 400 bales at 15 a.6}., buoyant. Receipts 430 bales Flour $5,00a5,20; corn 65a70c.; Exchange lower. Sterling 8; New York 1. BOSTON, Sept. 16.-The Democratic Convention nominated E. D. Beach for Governor. Wm. C. Godfrey connected with the Kean Expedition was arrested for stealing a gold watch, and is charged with marrying five wives, the last of whom he married to day.
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BY TELEGRAPH. BY THE NATIONAL LINE. [Reports Furnished by the Associated Press.] FURTHER FOREIGN NEWS PER STEAMER PERSIA. NEW YORK, Sept. 15.-Constantinople advices say that the Porte insists that England shall evacuate Perine, or restore it to Turkey. Washington, Sept. 15.-A heavy run was made on the Bank of Commerce, at Georgetown, which caused a partial suspension of payments. Itissupposed that it will resume in a few days. The run on the private bankers was promptly met. The excitement has subsided. NORFOLK, Sept. 15.-The "Empire City" put in here for coal. She experienced a succession of heavy gales, which slightly damaged her. All well. WASHINGTON, Sept. 15-The Secretary of the Treasury directs the appraisers of Foreign wool to determine the value independently of the invoice by such reliable means as can be procured. Philadelphia, Sept. 16-The steam Norfolk, bence for Richmond, was suok in the Chesepeake Bay by thegale on Monday. The crew was saved. New YORK, Sept. 16.- Fears are entertained for the safety of the steamer Central America, which sailed from Havana on the 8th. Portland, Me., Sept. 16.-One hundred and seventy-five towns show a Republican loss over last year of 5,173. NORFOLK, S pt. 16.-The Empire City brought $700,000 The brig Roades, from Boston, is ashore at South Cape Henry. The steamer Jamestown is reported blown to Sea and her cargo considerably damaged by water. WASHINGTON, Sept. 16.-The Bank of Commerce at Georgetown, and the Banking houses run on yesterday, continue to redeem. Confidence is generally restored. Bo TON, Sept. 16.-Geo. S. Abrahams, custom. house broker, and agent of Buring Brothers; has been arrested for for_ing and altering the figures of invoices for the purpose of defrauding the revenue. Sr. LOUIS, Sept. 16.-Kansas advices say that the Constitutional Convention organizéd by electing John Calboun President, who spoke in favor of submitting the constitution to the people. 500 troops left Leavenworth on the 9th for New Mexico. The St. Joseph Journal gives an account of a battle between Sumner's command and a band of Indians, in the middle of August, on the Arkansas river. Loss to the troops 4; to the Indians 20. The report that 400 Indians was slaughtered was unfounded. NEW YORK, Sept. 16.-The Pacific Overland Mail contract bas been signed by John Butterfield, Wm. B. Diusmore, Wm. G. Fargs and others, and Dundas in behalf of the Government, for 6 years, at six hundred thousand dollars per annum, to commence in one year from yesterday. The contractors contemplate forming a joint stock company.
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From Washington. WASHINGTON, Sept. 15. Judge Rowlin has resigned his office as Minister to Bogota. The Secretary of the Treasury, on appeal, has reserved the decision of the Collector of New York, who assessed a duty of twenty-four instead of nineteen per centum on colored or plaid dannels, the fact of their being colored or printed does not change their character as known in trade, nor remove them from the schedule in which dannels are provided for especially. The Secretary, on appeal, has al so reversed the decision of the same Collector who imposed twenty-four instead of nineteen per centum on checked tiannels, that they are checked and a larger nap raised on them than ordinary, does not change their distinctive character of flannels, In another case the Secretary says in esti mating the foreign character of wools, with reference to its exemption, the appearances can determine the value independently at the invoice by prices current and other reliable means of Information, of the value of the ar ticle in foreign markets as they employ in ascertaining the foreign values of other articles of import. A sudden and heavy run, caused the partial suspension today of the Georgetown Bank of Commerce, But it redeemed its issues and paid such of its depositors as were needy. It is presumed that the stockholders will resume in a few days, as it is represented they are able, and will protect the bank. The rub was also kept up on most private bankers, but all demands were promptly met.
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Telegraphic News. New YORK. Sept. 16.-The Cunard steamship Asia sailed to-day for Liverpool with 42 passengers and $550,000 in specie. The steamship Erriceson also sailed for Bremen with 123 passengers. The steamer Northern Light takes out the California mails on Monday next. The Herald has a dispatch from Lecompton, K. T., Sept. 14th, via St. Louis, 15th. The Constitutional Convention is permanently organized. Surveyor General Calhoun is elected President. His speech indicate he is in favor of submitting the Constitution to the people. Great trots came off over the Union and Centerville courses yesterday, each was 3 mile heats for $5,000. Prince beat Lantern; 7.531 7.55. Lancet best Rose of Washington-time 7.53% 8.091. Philadelphia, Sept. 16.-The steamer Norfolk, belonging to the Philadelphia and Richmond Line, sunk in the Chesapeake.She left here on Sunday with n valuable freight. Captain Keeley and crew were landed yesterday at Cape Island by the steamer Joseph Whitney, from Baltimore for Boston. The vessel and cyrgo are fully insured. BOSTON. Sept. 15.-Geo. S. Abraham, a Custom House Broker and special agent for Baring Bros., was arrested to-day, charged with forging invoices, thereby defrauding the U.S. revenue. It is alledged that he aleered the figures of invoices to swear to their correctness at the Custom House, and after the duties were paid restored them. The goods were then sent to New York importers who had the bills. BOSTON, Sept. 16.-The Democratic State Convention assembled in Fremont Temple this P. M. About 600 delegates were present, and Isaac Davis, of Worcestor, was chosen President, receiving 328 votes out of 572. Preliminary to entering upon the business, the convention was addressed by the President, and also by Samuel W. Waldron, B. F. Butler, and others. A committee of one delegate from each county on the further permanent organization of the Convention, was then appointed. There will probably be no nominations until the P.M. sion. The Convention is harmonious and spirited. PROVIDENCE, Sept. 15.-A trunk containing $10,000, belonging to the Worcester Co. Bank, Blackstone, was stolen from the conductor's safe, in the care of the East Thompson Railroad, this afternoon. PORTLAND, Sept. 15.-Returns from 175 towns give Mould, Rep., 33,000 votes; Smith, Dem., 24,940. Republican majority 8030. The sanre towns last year gave Hamlin 43,254, Wells 25,319, Patten 4380. WASHINGTON, Sept. 15.-A sudden and heavy run caused the partial suspension today of the Georgetown Bank of Commerce, but it redeemed its issues and paid such of its depositors ns were needy. It is supposed that the stockholders will resume in a few days, as it is represented that they are able and will protect the Bank. The run was al80 kept up on the most private bankers, but all demands wese promptly met. The excitement subsided. BOSTON, Sept. 15.-Mesers. C. H. Stone & Co., hardware merchants of this city, suspended payment yesterday, on account of the failure of Conant, Dodge & Co., of New York.
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Run on the Georgetown Bank. W ASHINGTON, Sept. 15.-A sudden and heavy run caused a partial suspension of the Georgetown Bank of Commerce to-day ; but it redeemed its issue and paid the most needy of its depositors. It is supposed that the stockholders will resume in a few day-it being reported that they are able and willing to protect the Bank. A run was also made on most of the private bankers of Washington city, but all demands having been promptly met, the excitement subsided before the closing hour. Important from Mexico-The Tehuantepec Transit. NEW ORLEANS, Sept. 12.-The old Tehuantepac Transit grants have been cancelled by the Mexican government, and a new and favorable one made with the Louisiana Company, as recently organized, removing all the objectionable features of the old grants. The new grant cedes only sufficient lands for the uses of the company. The papers were signed on the 5th inst.
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NORFOLK, Sept. 16.-The Empire City brought $700,000. The brig Roades, from Boston, is ashore at South Cape Henry.The steamer Jamestown is reported blown to sea and her cargo considerably damaged by water. WASHINGTON, Sept. 16.-The Bank of Commerce, at Georgetown, and the Banking Houses run on yesterday coutinue to redeem. Confidence is generally restored. BOSTON, Sept. 16.-Geo. S. Abrahams, Custom House Broker and Agent of Baring Brothers, has been arrested for forging and altering the figures of invoices for the purpose of defrauding the revenue.
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H TELEGRAPH NEW YORK, Sept. 15.-Further Foreign news per steamer Persia. Constantinople advices say that the Porte insists that England shall evacuate Perine or restore it to Turkey. WASHINGTON, Sept. 15.-A heavy run was made on the Bank of Commerce, Georgetown, which caused a partial suspension of payments. It is supposed that it will resume in a few days. The run on the private bankers was promptly met. The excitement has subsided. The Secretary of the Treasury directs the appraisers of Foreign wool to determine the value independently of the invoice by such reliable means as can be procured. NORFOLK, Sept. 15.-The Empire City put in here for coal. She experienced a succession of heavy gales, which slightly damaged her. All well. PHILADELPHIA, Sept. 16.-The steamer Norfolk hence for Richmond was sunk in the Chesapeake Bay by the gale on Monday. The crew was saved. NEW YORK, Sept. 16.-Fears are entertained for the safety of the steamer Central America, which sailed from Havana on the 8th. PORTLAND, Maine, Sept. 16.175 towns show a Republican loss over last year of 5173. NORFOLK, Sept. 16.-The Empire city brought 700,000 dollars. The Brig Roodes from Boston is ashore at South Cape Henry, The steamer Jamestown is reported blown to sea and her cargo considerably damaged by water. WASHINGTON, Sept. 16.-The Bank of Commerce at Georgetown, and the Banking houses run on yesterday, continue to redeem. Confidence is generally restored. BOSTON, Sept. 16.-Geo. S. Abrahams, Custom house broker, and agent of Baring Brothers has been arrested for forging, and obtaining the figures of invoices for the purpose of defrauding the Revenue. ST. LOUIS, Sep. 16.-Kansas advices say that the constitutional convention organized by electing John Calhoun President, who spoke in favor of submitting the constitution to the people. Five hundred troops left Leavenworth on the 9th for New Mexico. The St. Joseph Journal gives an account of a battle between Sumner's command and a band of Indians in the middle of August, on the Arkansas river. Loss-To the troops 4; to the Indians 20. The report that 400 Indians was slaughtered was unfounded. CINCINNATI, September 16.-Flour $4,40a4,60. Wheat.-Red 85a90c; white 95a1,00; Oats 33c; Barley 93c; Whisky advanced; Linseed oil 68c. From 3 to 5 per cent discount is asked on all New England and New York country banks. NEW YORK, Sep. 16.-Cotton steady; Flour buoyant; Wheat advancing; Corn firm; Provisions declining; Sugar during the last three days has declined 1 to 1c; Coffee firm; Rice 43c. The Pacific overland mail contract has been signed by John Butterfield, W. B. Dinsmore, W. G. Fargo and others, and Dundas, in behalf of the Government for six years, at $600,000 per annum. To commence in one year from yesterday. The contractors contemplate forming a joint stock company. NEW ORLEANS, Sept. 16.-Cotton-sales 400 bales at 154a164., buoyant. Receipts 430 bales: Flour $5,00a5,20; corn 65a70c.; Exchange lower. Sterling 8; New York 1. BOSTON, Sept. 16.-The Democratic Convention nominated E. D. Beach for Governor. Wm. C. Godfrey connected with the Kean Expedition was arrested for stealing & gold watch, and is charged with marrying five wives, the last of whom he married to-day.
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Washington, Sept. 15. A sudden and heavy run caused the partial suspension to-day of the Georgetown Bank of Commerce, but it redeemed its issues and paid such of its depositors as were needy. It's supposed that the stockholders will resume in n few days, as its represented that they are able and will protect the Bank. The run was also kept up on the most private bankers, but all demands were promptly Ideas met. The excitement subsided.
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The Financial Pressure. THE BANK OF COMMERCE, GEORGETOWN, D. c. W ASSINGTON, Sept. 23, 1857. The Bank of Commerce, of Georgetown, has resolved to pay all deposits of $100 and under, and to pay the interest on larger sums an sufficient assets are received. which are hoped for in a few days. the stockh iders acknowie.ge their individual responsibility for all liabilities. SUSPENSION OF THE BANK OF BARTFORD COUNTY. HARIFORD, Sept 23, 1857 The Bank Commissioners here have this morning served a temporary injunction against the Bank of Hartford County, in this city, and have closed its doors. The bilbolders and depositors will be paid in full; and there are hopes that the bank ma, in the course of thirty or sinty eays, open again. This bank was chariered under the general banking law of 1862. All the other backs in the city are lot ked upon as perfectly good. FAILURES IN PHILADELPHIA. PHILADELPHIA, Sept 23, 1867. Caleb Cope & Co., dry goods merchants in this city, have suspended pay ment. The amount of their liabilities to nearly $100,000.
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WASHINGTON, Sept. 16.-The Bank of Commerce at Georgetown, and the Banking houses run on yesterday, continue to redeem. Confidence is generally restored.
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se 25-6t WM. HUGHES, Sec'y. BANK OF COMMERCE, GEORGETOWN, D. C., September 19, 1857. A MEETING of the Stockholders of this Bank was held at the Banking House on Friday evening. 18th inst. The President of the Bank explained tothe Stockholders the reasons which induced him, on the morning of the 15th instant, to temporarily suspend the payment of deposites, and made a full exhibit of the affairs and condition of the bank. After a full investigation, it was Resolved. That the President of the Bank be and he is hereby directed to pay on demand its issue and all deposites of one hundred dollars and under that amount, and to pay the residue of the deposites (with interest thereon) as promptly as the resources of the bank can be made available, (which can be but for a short space of time.) Resolved, That the course pursued by the President proval. of the Bank on the 15th instant meets our apResolved, That the Stockholders of this Bank hereby acknowledge their individual responsibility for all the liabilities of the bank, and guaranty all claimants from any loss thereon. se 26-dlw C. E. RITTENHOUSE. President.
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BANK OF COMMERCE, GEORGETOWN, D. C., September 19, 1857. } A MEETING of the Stockholders of this Bank was held at the Banking House on Friday evening, 18th inst. The President of the Bank explained to the Stockholders the reasons which induced him, on the morning of the 15th instant, to temporarily suspend the payment of deposites, and made a full exhibit of the affairs and condition of the bank. After a full investigation, it was Resolved. That the President of the Bank be and he is hereby directed to pay on demand its issueand all deposites of one hundred dollars and under that amount, and to pay the residue of the deposites (with interest thereon) as promptly as the resources of the bank can be made available, (which can be but for a short space of time.) Resolved, That the course pursued by the President of the Bank on the 15th instant meets our approval. Resolved, That the Stockholders of this Bank hereby acknowledge their individual responsibility for all the liabilities of the bank, and guaranty all claimants from anv loss thereon. se 23-dlw C. E. RITTENHOUSE. President.
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THE CRISIS IN VIRGINIA. SUSPENSION OF THE GEORGETOWN BANK#, ETC. WASHINGTON, Sept 29, 1857. The Bank of Commerce and the Farmers and Mechanica' Bank, of Georgetown, have followed the example of the Washington banks and suspended specie payments. None of the banking houses have refuse the demands against them, except the suspended house of Messra. Palm & Nourse. THE NORFOLK BANKS. NORFOLK, Sept. 29, 1857. All the banks here continue firm. BANK SUSPENSION IN NORTH CAROLINA. ELIZARATH City, N. C., Sept. 29, 1857. The Farmers' Bank, of this city, has suspended The brokers are taking the notes at fifty per cent discount. FINANCIAL AFFAIRS IN NEW ORLEANS. New ORLEANS, Sep: 29, 1857. Money is tight and exchange stagnant; but no fears for the banks are expressed.
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SUSPENSIONS IN GEORGETOWN. GEORGETOWN, Tuesday, Sept. 29, 1857. The Bank of Commerce of Georgetown, which continued to redeem its issue in specie, has come into an arrangement with the District banks, and suspends specie payment altogether. The Farmers and Mechanics' Bank in Georgetown, has also suspended.
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Failures-The Money Market. CYRUS W. FIELD & Co., paper dealers of New York, have suspended payment. A despatch from Philadelphia, dated the 21st says, "the money market is tighter than ever. There are rumors of heavy failures among the dry goods dealers." In Washington there has been much excitement, caused by the failure of PEIRCE & NOURSE. There was a great run on the Bank of Commerce, Georgetown, and upon the house of SWEENY, RITTENHOUSE & Co. A despatch dated the 16th, says : The final excitement has, in a great measure. subsided. The Bank of Commerce continues to redeem Its notes, but temporarily refuses depositors' checks. The run on the banking houses is discontinued, and they all continue to pay, and confidence is generally restored. or the sixty millions of domestic specie exported during the year ending the 30th of June, thirty-one millions and nearly a third was but lion; and of the upward of twelve millions and a half of specie imported, little less than half was bullion. In consequence of the excitement, and dealers in warrants being necessarily compelled to cease buying Land Warrants, they have declined. Dealers are now buying and selling at quotations as follows:
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EVENING STAR. WASHINGTON CITY: October 8, 1857, THURSDAY SPIRITOF THE MORNING PRESS The Intelligencer discusses the current panic, taking occasion to show very clearly, we think, that it is utterly unfounded in any just cause. Or, in other words, that it is merely the result of over-speculation on the part of traders in money, and a sudden unnecessary fear that has struck the hearts of the people. In the course of his article the editor says: The great revulsions which periodically overtake us in our haste to accumulate wealth have their origin doubtless in that passion for rapid accumulation and consequent over-trading which pervade all classes. of the community and infect nearly every species of business activity. The consciousness of this it is which renders each individual so susceptible to a panic that a single disaster in a remote quarter of the country is found enough to raise and propagate through all ranks of society the craven and selfish cry of sauve qui peut." The Union's editorial columns are again devoted, to-day, to Banks and Banking," the article being directed for the most part to an exposure of what the editor evidently regards as the evils flowing from the course pursued by the note-issuing banks of the District of Columbia. He presents his readers with a historyan incorrect one in many points, we apprehend-of the banks and banking in this District for the last forty years; and also contends, with no little force, that the present note-issuing banks exist illegally, are not responsible for their obligations, and cannot collect by law a dollar due to them. Such is the line of his argument. In the course of his remarks, the editor classes the Bank of Commerce, in Georgetown, with those he names-the Bank of Columbia, the Bank of the Republic, the Merchants' and Farmers' Bank of Statham, Smithson & Co., &c., dc.-as having bursted up, defrauding their creditors. This, we are very sure, must have been but a slip of the pen; for he must know that the Bank of Commercé paid its notes longer than any other existing note-issuing District bank, and that all the property of its wellknown wealthy stockholders is publicly pledged for the fulfilment of its every obligation. So far as security is concerned, its creditors are much better off than those of any other District note-issuing bank. There is no uncertainty, whatever, as to the character and extent of its stockholders' obligations, nor have those who manage it conducted its affairs in the present crisis SO as to forfeit, in any degree, the public confidence in their desire and determination to resume specie payments at the earliest moment possible. The course of this bank, throughout all the current financial troubles, has been so specially fair and above-board" towards the public, as that we feel it our duty to express that opinion in the Star. Unlike the other District of Columbia note-issuing banks, it claims no chartered privileges whatever, being a private bank, for whose transactions all its stockholders-partners-are liable in all their property.