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The Daily Dispatch: November 26, 1860., [Electronic resource], Catholic Institute. (search)
t, and, by resolution, agreed to receive on deposit, and pay out, the notes of all solvent Banks in the State except those of the Bank of Wheeling. (the Northwestern Bank,) and the Bank of the Valley payable at other points than Staunton and Christiansburg — Those of the Valley payable at Staunton and Christiansburg, will be received and paid out. By this accommodation not only the merchants, but the public at large, will be relieved of embarrassment in trade, and the retail trade of the city w to receive on deposit, and pay out, the notes of all solvent Banks in the State except those of the Bank of Wheeling. (the Northwestern Bank,) and the Bank of the Valley payable at other points than Staunton and Christiansburg — Those of the Valley payable at Staunton and Christiansburg, will be received and paid out. By this accommodation not only the merchants, but the public at large, will be relieved of embarrassment in trade, and the retail trade of the city will be greatly facilitate
The Daily Dispatch: November 26, 1860., [Electronic resource], article 1 (search)
@3 per cent.-- South Carolina notes were 10 per cent, and North Carolina 5 per cent, discount, save the notes of the Planters' and Miners' Bank of Murphy, which were at a discount of 15 per cent. The Banks, on Saturday, after due conference, came to the conclusion to receive on deposit and pay out, all the notes of the solvent Banks in the State, except those of Wheeling and the Bank of the Valley. They, however, agreed to receive the notes of the Valley Bank payable at Staunton and Christiansburg. This determination will save the people a great deal of inconvenience and loss, and at the same time partially remove the distrust which has been felt for some days about the solvency of many of the banking institutions in the State. We cannot see any signs of improvement in the panic and the pressure; nor do we suppose there will be any until after the crisis we are plunged in shall have passed. The conventions of the Southern States must meet and deliberate, and there must be o