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The Daily Dispatch: April 6, 1864., [Electronic resource], Rapid Contraction. (search)
Rapid Contraction. --that the passage of the our currency bill, Feb. 17th, 1864, the Bank of the city of Petersburg was indebted to its individual depositors largely over three millions of dollars, and carrying probably the heaviest discount line if has had during the past three years, with its deposits received at the counter of the Bank running as high as seven hundred thousand dollars per day. On the 1st of April the whole indebtedness to depositors was discharged, done principally by election of the depositors, leaving but a small amount to be funded at the Bank. --Petersburg (Va.) Express.