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all times, in specie, an amount equal to one-fourth of its net liabilities, and say Bank whose specie shall fall below that proportion shall not make loans or discounts until their position is re-established; and we, as members of the Clearing-House Association, agree that we will not continue to exchange with any Bank which shall show by its successive weekly statements that it has violated this agreement. the Chairman appointed the following named gentlemen as the Committee: Moses Taylor, of the City Bank. James Punnett, of the Bank of America. R. W. Howes, of the Park Bank. A. S. Eraser, of the Seventh Ward Bank. Chas.P. Leverich, of the Bank of New York. Adjourned Jno. A.Stevens, Ch'n. W. F. Ho, Secretary. This movement of the Banks is generally approved by the press of that city. The Times says: The associated Banks of this city have followed up their action of Monday, in the direction of relief, by a further and more general movement,
an, it would be reported to the meeting. Mr. Fox did not see what good was to be effected by another meeting. From all he could learn, he was satisfied the Banks did not intend to make a speculation on the necessities of the mercantile community, and he was therefore in favor of adjourning sine die. Mr. Geo. J. Sumner concurred with Mr. Fox. No general plan in relation to exchanges could be adopted, and the merchants would, therefore, be compelled to act each man for himself. Mr. Taylor favored another meeting, to hear from the conference committees of the banks. Mr. A. K. Parker could see nothing left for the meeting to do. Merchants owing debts at the North would be compelled to pay the current rates of exchange, whatever they were, or to decline to pay. The matter was in their own hands, and each one must act for himself. He desired to see some arrangement made with the city Banks by which the notes of solvent country Banks would be received, and thus save the re