A New York paper furnishes a list of the banks
which have stopped payment since the removal of the deposits from the Bank of the United States. They are no fewer than ninety-six in num- ber,—namely, in Maine, 7; Massachusets, 3; Rhode Island, 2; Connecticut, 2; New York, 10; New Jersey, 9; Pennsylvania, 18; Delaware, 2; Maryland, 6; Columbia, 3; Virginia, 2; North Carolina, 2; Ohio, 19; Kentucky, 2; Tennessee, 4; Alabama, 2; Michigan, 3. During the last war with this country, every bank in the United States South of Connecticut suspended cash pay- ments; all to the North of Connecticut went on as usual.
It is gratifying to be able to state, that the commercial honour of America has as yet received no tarnish during the struggle in which she is still engaged. The Times has some fair and liberal remarks on this fact- ' 4, It has struck many persons here, who have watched with attention the pro- gress of the money crisis in the United States, as a circumstance highly honour- able to the commercial interest of the Union, that notwithstanding it, great violence, not one mercantile house of any rank has fallen in consequence of it. The storm has only wrecked those establishments partaking more or less of the gambling character; such as the dealers in money in connexion with local secu- rities, canal, railroad, or banking shares, which depend in great measure on paper accommodation. Even with respect to these, none of the larger class of failures have been very ruinous or desperate ; audio one instance, the greatest in amount of all—viz, that of Messrs. Allen and Co., it was found, on looking into the accounts, that a surplus of 700,000 dollars remained after paying all claims. A very great number of smaller houses have, however, succumbed ; although these, had there not been any quarrel between the United States Bank and the Government, could hardly have hoped fur a much longer career. Thus the late convulsion may be said in one sense to be useful to the trading interest of America, in proving, what never could have become generally known by any other means, its real strength and solidity. This acknowledgment is but an act of justice from one peat mercantile community to another ; and it may be added, that all our leading capitalists in the City, whose transactions have brought them with- in the view of all the circumstances, are ready to concur in it.
Since the commencement of the crisis, upwards of a million and a half sterling in silver has been shipped from this country to the United States.
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