THE FARMERS' REGISTER. 



191 



scarcely worth while to trouble ourselves, or our read- i no imhilgence, and may theiefore projiare fo do as in- 

 ers, as to the provisions, as they are doubtless just what- ' dividuals have to do in cases preci^tiy similar. Since, 

 ever the banks ask for and propose. It would save i the bill lor legalizing in tlie lust Iraudulent suspen- 

 much trouble it the banks were permitted to make 1 sion (such as has passed almost in silence in Va.) 

 directly, as they do indirectly and ultimately, all 1 has been rejected by the lefjislature of Pennsylvania, 

 laws lor their own regulation. We trust they may not lelax. 



On the night of ttie 12th, and morning of the 13th I The Central Rail-road of Georgia was opened on 

 inst., a storm did much damage at New York, and | the Hth instant, for the carriage of freight to the 

 along the coast. The New York pilots say it was the j thirteenth station, a distance of 135 miles from Sa- 

 severest known for 27 years. vannah. 



By the following extracts from the Albany Ar^us, \ The freshet in the South. — The Charleston Patriot of 

 it seems that the speedy stoppage of the New York Wednesday last says, the whole low coimtry about 

 country banks, (which in New York, is called bank- 50 miles from Charleston, on the Savannah route, is 

 niptcy) which we predicted in our last paper, is al- covered with water. The inhabitants have been for- 

 ready well advanced. — En. Iced to leave their dwellings, and most if not all the 



" The panic in relation to "red back" [free bank] ' bridges on the road have been earned away and a 

 notes, which has pervaded the public mind for several j great niimber of cattle in the vicinity of Edisto river 

 days, may be said to have reached a crisis yesterday. ; have perished. 



Down to Monday inclusive, 13 of these institutions 

 had stopped payment, viz : 



IMillers' Bank of Clyde ; Farmers' Bank of Seneca 



We understand." says the Milledgpville Recorder 

 " that the banks of Columbus have suspender! spe- 

 cie payments. We have not seen the reasons for this 



county; Tonawanda "Bank; N. Y. City Trust and course stated — the mails from that quarter having 

 Banking Co. (fraud) ; Tenth Ward Bank, Chelsea ! been stopppd by the late inundation — but understand 

 Bank, Staten Island Bank, and Washington Bank, j the only cause to be, to preserve for their community 

 N. Y. ; Erie County Bank, and Union Bank, Butfalo; ' some circulation, which it was found impossible at 

 Bank of Western N. Y''., Rochester ; Farmers and | that point to do, but by a suspension. All west of 

 Mechanics' Bank, Batavia ; Binghamton Bank. | that point being in a state of suspension, the bills of 



On Wednesday, the tbiiowing were thrown out by { the Columbus banks were hoarded and sold for a 

 the agents [of these banks] in this city, viz. : ■ Bank ■ premium, not only to our own citizens, but to the 

 of America, and Merchants' Exchange, Buffalo. And j whole trade of the states west of it, and brought im- 



finally yesterday, ^Friday) the explosion became 

 general, and the agents threw out the following :— 

 Mechanics' Bank of Butialo, United States' do. ; 



mediately to the counters of the banks for exchange 

 or specie. Considering the acknowledged soundness 

 of these banks, and the abilitij of their management, and 



Phoenix Bank do.. Bank of Commerce do.; Bankofli/iai withal they have feltit their imperious duty to sus- 

 Brockport; Cattaraugus County Bank; Bank of Lodi; \pend more as an act to preserve their community than 

 bt. Lawrence Bank." j from any other cause, we believe row that the resump- 



The Philadelphia Ledger of 17th says — 1 tion law will be maintained but by few banks in the 



" At New York, the panic in reference to the "red ] state." In other words, all the banks of Georgia, were on 

 back" notes continues as great as ever. They were I the eve of confessing, what the depreciation of their 

 all yesterday, or nearly so, refused by the brokers. | notes sufficiently showed before, that they did not pay. 

 The Farmers' Bank of Geneva and the Delaware Bank I and had not paid specie. The words we have itali- 

 are the only ones which continue to be redeemed. It | cized above will suit all such junctures. Bank sus- 



is highly probable that a great number of these banks 

 must inevitably wind up. Many of the Safety Fund 

 Banks are rejected. Most of the Bulfalo, the Clinton 

 Co., and the Commercial Bank of Oswego." 



The New York correspondent of the Madisonian 



pensions are always dictated by pure patriotism and 

 benevolence, and never by self-interest. 



The President of tho United States has notified, 

 through the heads of departments, that all interference 

 of oflice-holders in elections, other than giving their 



(of 17th) says thai the notes of following New York | own votes, and any pecuniary defalcation will be held 

 banks, are selling at from 30 to 50 per cent, discount, ' as good ground for removal from office. An excellent 



VIZ.: " Binghamton, Farmers', Seneca Co.; Miller's 

 Clyde ; Farmers and Mechanics', Batavia ; Manhattan 

 Exchange ; North American ; North : United States 

 Trading and Banking; Staten Island , Port Richmond ; 

 Union, Buffalo; and Western New York, Rochester." 

 "Notes of as many as twenty other (N. Y.) banks 

 are not bought by the brokers" — being in still worse 

 credit. 



By the heavy rains and rise of waters, much damage 

 has been done to the Charleston and Hamburg rail- 

 road, by the carrying away of bridges, embankments, 

 &.C., and more was expected. A large part of the 

 town of Hamburg was overflowed. 



Virginia Bank stock sold at auction in Richmond 

 lately, at 76. Farmers' Bank stock, at 90^. James 

 River and Kanawha scrip, at 85. 



March 27. 



F. W. Gilmer, governor of Virginia, resigned his 



office on the 19th. We feel, in common with the 



great body of the people, and theii; representatives 



also, great regret for the loss of a chief magistrate, 



who has so ably and zealously sustained the rights 



and interests of Virginia. No successor has been 



elected; and the senior councillor will act as governor. 



The Legislature of this Commonwealth adjourned 



on 22d, after a session of one hundred and twelve days, 



during which time the pay of members amounted to 



$75,264. 



The Harrisburg Reporter says the banks will get 



rule, if fully executed. 



The Africans of the Amistac' have been discharged, 

 in pursuance of the decree of the Supreme Court, and 

 some of their white friends are already quarreling, and 

 have gone to law, for possession of the minors among 

 them. Whether minors or majors, we suspect that the 

 poor savages will find freedom in Connecticut more in- 

 tolerable than slavery in Cuba. 



Latest foreign accounts. — The Steam-ship Caledonia 

 arrived at Boston on the 20th, in 15 days from Liver- 

 pool. There is no very important news. 



There was no material change in the prices of cotton. 



An American ship for this country — the Gov. Fen- 

 ner — was run into by. the steamboat Nottingham on 

 the 20th ult. and sunk — every soul on board but the 

 captain and mate perished ! One hundred and twenty- 

 two lives lost ! The passengers were principally Irish 

 emigrants for this country. 



There is nothing further from China. 



The Circassians have gained further victories over 

 the Russians. France is disarming. — Madisonian. 



The panic in regard to " Red back" money in New 

 York is subsiding, but about a dozen of the banks 

 must be wound up, — lb. 



At this moment the whole commercial world is in 

 debt to New York. The rates of exchange prove it. 

 While those states which adopt the expansive and 

 suspensive policy find themselves in debt to every 

 body and trusted by nobody, the effect of the opposite 



