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The Daily Dispatch: November 21, 1860., [Electronic resource] 2 0 Browse Search
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The Daily Dispatch: November 21, 1860., [Electronic resource], article 1 (search)
y — greatly embarrassed the business community. Satisfied that something ought to be done for their relief, the Directors of the Farmers' Bank of Virginia yesterday determined to suspend specie payments. The following are their proceedings: "at a meeting of the President and Directors of the Farmers' Bank of Virginia, this 30th day of November, 1860: present — Wm. H. MacFARLANDarland, President; Wm. C. Allen, Joseph R Anderson, J. J. Waggoner, Samuel C. Robinson, James Dunlop. Theodorick Robertson, Jno. E. Wadsworth, Rd. O Haskins-- resolved, unanimously, that, in view of the distrust which prevails, of the suspension of the large money trade with the South usual at this season, and of the pressure of the law requiring the Banks of this city to redeem the circulation of their branches-- a law which bears with special severity on this Bank, because of the number of her branches-- specie payments be for the present suspended; and that a course of policy be pursued which will