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The Daily Dispatch: November 23, 1860., [Electronic resource], The Republican Programme, (search)
The Bank Suspensions in Virginia --Commercial Affairs.--The Banks at Lynchburg, Danville, and Petersburg, have suspended.--The Alexandria Gazette of yesterday says: The Bank of the Old Dominion of this city, yesterday, in consideration of the suspension of specie payments by all the Richmond Banks, determined to make a like suspension, and declined to redeem for the present any more of its notes. The branches of the Exchange and Farmers' Banks had comparatively few calls made upon them, and met all demands for redemption. The Directors of these Banks were in session yesterday, and, we learn, determined that if a run should be made upon them for specie, they will suspend also. A meeting of merchants was to take place in Alexandria yesterday, to take action in reference in the expected advance in the rates of Exchange consequent upon a suspension of specie payments