From the Albany Daily Advertiser, May ~
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THE ALBANY BAxKs.-The news which reached us
yesterday morning, Of the suspension of specie pay
ments by tac New Y York banks created great SEN
sailon in the city. meeting Of the officers of the
different banks was held, to devise what course was
expcdent for them to pursue in the present emergen-
cy; and about ten o'clock the following notice was
made public and posted up throughout the city:-
To THE PuBLIc-BANK NoTrcE.-Ata meeting this
morning, OF all the Banks in this city, il was


Resolved, That under existing circumstances il is
expedent and necessary TO suspend payments in
specie


In the mean time, the notes of all the banks will be
received at the different banks as usual IN payment
Of debts, and in depose and as the Indebtedness OF
the community TO the banks greatly exceeds the
amount of their liabilities TO the public il is hoped and
expected that the of the dfTeren, banks will pass
current, usual and that the state of the times will
soon be such as to render the resumption of specie
payments practicable.


Albany, May Ii, 1887.


Half past 3o'ciock.-The Senate took up the bill
suspending specie payments and after considerable
debate passed the same in committee of the whole
am reported TO the senate and the report agreed
TO by avec Of 2l TO g. The bill comes up for third
reading in the senate this morning.
Mr. Young proposed additional sections for the
gradual withdrawal from circulation of notes under
the denomination of s2G, which were rejected.