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The Daily Dispatch: November 27, 1860., [Electronic resource], An heroic wife. (search)
Meeting of Bank Presidents. --A meeting of the Presidents of the Banks of this city was held yesterday, to consider the action of the Committee of Directors on Saturday. We are informed that the Presidents have decided to receive and pay out the notes of all the solvent Banks in the State, except the Bank of Winchester, the Bank of the Old Dominion, at Pearisburg, the Bank of Phillippi, the Bank of Fairmont, the Bank of Berkeley, the Banks of Wheeling and their branches, and the Bank of the Valley and branches, not including the Bank at Staunton and the Bank at Christiansburg.
The Daily Dispatch: November 27, 1860., [Electronic resource], From the South. (search)
ond markets, November 26. There are only slight changes in quotations, and the market continues very dull. Business is almost at a stand still. The Banks having agreed to a list of bankable funds, which is pretty liberal, the community is relieved of much trouble. They agreed to receive on deposit the notes of all-solvent Banks of the State, save those of Wheeling and the Bank of the Valley, making an exception, however, in behalf of the branches of the Valley Bank at Staunton and Christiansburg; which will be bankable. The suspension and these arrangements will afford much relief; but as to the main source of our troubles that continues, and the prospect is obscured for the present, so that there is no telling what is to happen. To hope for the best and prepare for the worst seems to be the general policy of the South--or rather what is called the conservative portion of it. There is no change in the quotations of Exchange and unbankable money; North Carolina money, howe
The Daily Dispatch: November 27, 1860., [Electronic resource], An heroic wife. (search)
Money matters. All solvent Bank Notes of the State are now bankable. save those of the Banks of Wheeling and the Valley Bank; the branches of the latter Bank at Staunton and Christiansburg are, however, included in the bankable funds. The Money market is not laboring under so extreme a stringency as has been feet; but there is a general pause, and the general object seems merely to be to maintain credit and avoid increasing obligations. North Carolina Bank Notes are nominally quoted at 5 per cent, discount, with little or no sale. The Planters' and Miners' Bank at Murphy. N. G., is quoted at 20 per ct, discount. South Carolina Bank Notes are quoted at 10 per cent. discount; but there are hardly any afloat. New York Exchange is still 8 per cent. premium; Philadelphia and Baltimore 2 ½@3 percent. Gold 8@10 per cent. prem.