183 



THE FARMERS' REGISTER. 



The land on which the palatoes werr planted | 

 was sandy. It was broke up in April and thiny- 

 five two liorse loads ol' manure, the s'-rapinir ol 

 the yard, was applied. This manure vva?: ploughed 

 in and then the land was made inio hills ihree 

 feet by three and a half, [jlouirhed three limes and 

 hoed out each plouiihinif- product, three hundred 

 and tvvemy bushels. The poiatoes planted were 

 the Spanish variety. 1 certify the above, to the 

 best ol" my knowledge. S. Keelkr. 



COOKING BEETS. 



From tlie Albany Cultivaloi . 

 Take beets of middle size, and after removinfr 

 the tops and dirt, roast them in a fire as potatoes 

 are roasted. When done, they are peeled and 

 served up in the usual manner. One who has 

 tried them in this vvay, says they are much 

 sweeter and richer than when boiled. 



SUIMIBIil-IlY or ME-WS. 



BANK AND BANKRUPT ITEMS. 



Republished from the weekly siimma-iies of news, 

 attached lo the Weekly Farmers' Register. 



[It is dcsjirned that the concise summaries of gene- 

 ral news prepared for jhe Weekly Farmers' Register, 

 shall also hereafter be presented together at the end of 

 each monthly number, as will be commenced in this. 

 One of the main objects of this is, (in pursuance o( 

 views stated at page 157 of this number,) to present 

 to the agricultural public facts and truths in regard to 

 the banks and their operations, which the publishers 

 of newspapers generally are unwilling to utter, and in 

 regard to which, therefore, there is a deplorable want of 

 information. To bring up the banking history of these 

 eventful days, from the pretended "resumption of spe- 

 cie payments," all items relating to the banks which 

 appeared in the weekly numbers of January and Fe- 

 bruary, will be here republished ; and the entire sum- 

 maries of news thereafter, commencing with the pre- 

 sent month.] 



Extract From the Weekly Farmers' Register, Jan. 16, 1841. 



The time fixed by the laws of Pennsylvania, Mary- 

 land and Virginia, for the banks to resume specie pay- 

 ments, is Jan. 15, or soon after: and some of the news- 

 papers are urging (and we fear successfully) that the 

 resumption should beposponed, on the grounds that to 

 meet it the banks must contract their issues. No 

 doubt ! — but when will not the same reason exist, 

 and the argument be equally good? The banks 

 which cannot pay after a suspension since 18.37, 

 (acknowledged or virtual,) will never pay. It is time 

 for those institutions which are bankrupt, to be made 

 to appear so, and that the most rotten parts of a fraud- 

 ulent general system shall be allowed to sink, by 

 withdrawing from them that support of government 

 which alone upholds them. 



On the 11th, the presidents of all the banks in Bal- 

 timore held a meeting and resolyed that it was irtex- 



pedient to resume specie payments unless the Virgin- 

 ia banks did so also, simultaneously. This, we ?up- ^ 

 pose, settles the matter that the reitin of irredeemable 

 paper and irresponsible banking is to continue— as the 

 resumption in Virginia, by law, was \.o follow that of 

 the more noithern banks. 



New York Jan. 6. — United States Bank stock fell 

 7 per cent during this day, having sunk to .53. The 

 whole decline of price is 10 per cent since the recent 

 publication of the bank's own report of its own afiairs. 



July 71h further decline to .50|. 



The Franklin Bank of Baltimore has failed. 



The Philadelphia Ledger of 14th, from which the 

 above is copied, expresses the opinion that the Phila- 

 delphia banks would resume specie payments on the 

 loth — and considers the declaration of the presidents 

 of tlie Baltimore banks (stated above) as decisive that 

 they will not resume at_ present. 



Saturday, January 2.3, 1841. 



On the 1.5th, the Philadelphia banks resumed specie 

 payments, and the Maryland and Virginia banks did not. 



The resumption law of Maryland requires her banks 

 to pay specie after Virginia — and the law of Virgirda 

 requires her banks to resume specie pa'yments after 

 the banks of Maryland. The banks of each state pro- 

 claim their entire ability and readiness and anxiety to 

 resume payment — but both stand upon the point of 

 law, (or the point of bank honor perhaps,) and wait 

 for the banks of the other state to pay either first or 

 "simultaneously !" How long will these contradictory 

 " sayings and doings" continue ? 



$,11(),()()0 are stated to have been drawn from 

 the Philadelphia banks the two first days after resump- 

 tion, the United States' Bank having bled for more 

 than halL—Whtg. 



Large sales of United States bank stock at Philadel- 

 phia on January 20, opened at 52, and closed at 53. 

 A .=mall amount between the boards sold at 54. Same 

 day in New York, 975 shares of this stock sold at 

 from 51 to 51^ 



Satxirday, Januaty 30, 1841. 

 The Baltimore and Virsjinia Banks, have at last 

 agreed upon a " simultaneous" movement, and now 

 promise to resume specie payments on February 1st. 

 Qu. Have they gained any thing, in reputation or 

 otherwise, by the addition of 15 days delay to their 

 previous failure to pay ? 



Philadelphia, January 22. The correspondent of 

 the Journal of Commerce writes that " business of 

 all descriptions is less active, and money in greater 

 request than for the past year. It now commands a 

 rate of interest running from 1^ to 2^ per cent per 

 month — indeed it is next to impossible, except on the 

 most unquestionable paper, to obtain it at anv price. 

 The banks are not discounting, and dare not, while 

 they stand coupled with the Bank of the United States. 

 The confidence, which it was mainly hoped would be 

 extended to our currency on a united resumption, is 

 not yet apparent, nor will it be, while institutions 

 notoriously insolvent contribute in any large degree 

 in furnishing it." 



It is ascertained that the New Brunswick Bank has 

 stopped, and it is feared, finally, lb. 



The Governor of Mississippi states, that he has issued 

 his proclamation declaring the charters of the follow- 

 ing banks forfeited : 



The Tombigbee Rail Road and Banking Company; 



The Hernando Rail Road and Banking Company ; 



The Mississippi Rail Road and Banking Company; 



The Benton and Manchester Rail Road and Banking 

 Company ; 



The Aberdeen and Pontotoc Rail Road and Banking 

 Company ; 



The Bank of Vicksburg; 



The Mi.ssissipi Union Bank, and 



Tne Citizens Bank of Madison County ; 



