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Browsing named entities in a specific section of The Daily Dispatch: November 24, 1860., [Electronic resource]. Search the whole document.

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Baltimore, Md. (Maryland, United States) (search for this): article 1
The Philadelphia Banks suspended at 1 o'clock on Thursday. The Bulletin, of that afternoon, says: The suspension was determined on as a precautionary measure, to enable the Banks to expand their discounts and thus aid our business men, and to prevent any of the wild scenes of 1857. The Banks are strong and abundantly able to meet all their liabilities.--While we regret that it should have been thought necessary for the Banks of Philadelphia so soon to follow the example of those of Baltimore, Washington and Virginia, we trust it may prove advantageous, and bring us sooner to a brighter prospect. There has been but little excitement attending this suspension, thus contrasting most singularly with the panic of 1857. At a meeting of merchants, at Alexandria, Va., Thursday, the following resolution was adopted: Resolved, It is the opinion of this meeting that the suspension of specie payments by the Banks of this city, is justified by the force of recent events beyond
Alexandria (Virginia, United States) (search for this): article 1
on as a precautionary measure, to enable the Banks to expand their discounts and thus aid our business men, and to prevent any of the wild scenes of 1857. The Banks are strong and abundantly able to meet all their liabilities.--While we regret that it should have been thought necessary for the Banks of Philadelphia so soon to follow the example of those of Baltimore, Washington and Virginia, we trust it may prove advantageous, and bring us sooner to a brighter prospect. There has been but little excitement attending this suspension, thus contrasting most singularly with the panic of 1857. At a meeting of merchants, at Alexandria, Va., Thursday, the following resolution was adopted: Resolved, It is the opinion of this meeting that the suspension of specie payments by the Banks of this city, is justified by the force of recent events beyond their control; and that the ability of said Banks to meet all their engagements, and their soundness, is not impaired by this course.
Wisconsin (Wisconsin, United States) (search for this): article 1
n, the commercial community is to be congratulated on the cheering promise which it gives. A New York letter to the Philadelphia Ledger says: The influence of this action was very favorably felt in the street, in the course of the afternoon, and paper was more saleable at lower rates. Philadelphia funds were quoted at 1 per cent discount. Southern money, however, could not be got rid of short of 25 per cent, with the exception of New Orleans, which was done at 10. Illinois and Wisconsin, 15; Ohio and Kentucky, 10. The Stock Market at the First Board was lower, but the proceedings of the bank meeting had the effect to improve prices at the Second Board. Notwithstanding all these favorable symptoms, however, I am bound in duty to add, that the prevailing opinion among bankers and merchants, is that there will be a total suspension of specie payments here in less than thirty days from date — the great fact sticking out that the cause of all the present trouble — threa
New York State (New York, United States) (search for this): article 1
he following proceedings were unanimously adopted, viz: In order to enable the banks of the city of New York to expand their loans and discounts, and also for the purpose of facilitating the settlement of the exchanges between the banks, it is proposed that any bank in the Clearing-House Association say at its option, deposit with a committee of the persons — to be appointed for that purpose — an amount of its bills receivable. United State stocks, Treasury notes or stocks of the State of New York to be approved by said committee, who shall be authorized to issue there upon to said depositing bank certificates of deposit, bearing interest at seven per cent per annum, in denominations of five and ten thousand dollars each, as may be de to an amount equal to seventy five per cent of such deposit. These certificates may be keep in settlement of balances at the clearing house for a period of thirty days from the date thereof, and they shall be received by creditor during that peri
France (France) (search for this): article 1
on to be increased from England,) be insufficient to answer the demands of the suspicious or incredulous, they will all go down together, and with the satisfaction of accommodating, to the last dollar, the reasonable wants of every solvent dealer, and the legitimate requisitions of the great trade of this city. This plan of relief, or mode of meeting a crisis, though new to this country, is the approved and successful policy, under similar circumstances, of the National Banks of England and France, and the reasons which impel it to success, with the exchanges all right, are, in the present sound condition of a trade simply overtaken by panic, perfectly irresistible. And, for one, we have little question of its wisdom if carried out, as we have every reason to believe it will be, with the same boldness of action and unanimity of purpose, as well as mutual good faith, which inspired it. We desire to express no hasty opinion or confidence as to how this matter is to work.--Its suc
Illinois (Illinois, United States) (search for this): article 1
they have taken, the commercial community is to be congratulated on the cheering promise which it gives. A New York letter to the Philadelphia Ledger says: The influence of this action was very favorably felt in the street, in the course of the afternoon, and paper was more saleable at lower rates. Philadelphia funds were quoted at 1 per cent discount. Southern money, however, could not be got rid of short of 25 per cent, with the exception of New Orleans, which was done at 10. Illinois and Wisconsin, 15; Ohio and Kentucky, 10. The Stock Market at the First Board was lower, but the proceedings of the bank meeting had the effect to improve prices at the Second Board. Notwithstanding all these favorable symptoms, however, I am bound in duty to add, that the prevailing opinion among bankers and merchants, is that there will be a total suspension of specie payments here in less than thirty days from date — the great fact sticking out that the cause of all the present tr
New York (New York, United States) (search for this): article 1
The financial crisis.important action of the New York Banks, At a meeting of the officers of the banks of the city of New York, at the Merchants' Bank, on Wednesday, the 21st of Nov., 1860, the following proceedings were unanimously adopted, viz: In order to enable the banks of the city of New York to expand their loanscity of New York to expand their loans and discounts, and also for the purpose of facilitating the settlement of the exchanges between the banks, it is proposed that any bank in the Clearing-House Association say at its option, deposit with a committee of the persons — to be appointed for that purpose — an amount of its bills receivable. United State stocks, Treasuryasons of trial, has, we believe, been invariable — certainly in the English capital. But, come what may, this much we do rejoice at, that the bankers of the city of New York have made their Association a real and substantial unit, resolving that it is better, if need be, to go down together, and in advance of general mercantile b<
Guley Chas (search for this): article 1
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, this afternoon, for meeting the until promptly and boldly by unlimited expansion, or by an expansion limited only by the legitimate business wants of
Moses Taylor (search for this): article 1
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,
R. W. Howes (search for this): article 1
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, this afternoon, for meeting the until promptly and boldly by unlimited expa
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