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The Daily Dispatch: January 24, 1861., [Electronic resource], The National crisis. (search)
tained since the panic of 1857. The step came unexpectedly, and a few minutes previously to its notification, money was obtainable in the discount market at a fraction below the Bank terms them current. The reasons assigned for it, however or, are sufficiently important. Not only did the Asia take out a further sum of £200,000, for New York on Saturday; but the Tetonia, from Southampton this morning, has carried £ 70,000, and it may, therefore, be inferred that the City of Washington. Argo, Vigo, North Britain, Marathon, and Niagara, to sail during the week, will all, or most or them, have additional totals — especially as the accounts to-day are likely to excite the confidence of remitters. At the same time, the advices from Paris are discouraging with regard to the position and prospects of the Bank of France, which, in its approaching monthly statement, is expected to show a further very considerable reduction of bullion, the effect of the American panic having relatively b