TELEGRAPH.

From the New York Com. 1do.
PROGRESS OF SUSPENSION.
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telligence has been received of the tempo
-ary suspension of specie payments by the
banks of Richmond, Norfolk. the District
Of Columbia, Wilmington, Deiaware) and
Providence.


At Richmond the news from Philadelphia
was received on Friday. Meetings of the
directors of the several banks were immed-
lately held, and like course was agreed
upon without loss of time. The Richmond
Compiler says:


This course by our banks, was one una
voidable; and adopted in justice to the
banks themselves, to the trade and interests
of Richmond, and to the State, which is
large stockholder in them all For some
time our banks have had to supply heavy
demands upon them from the North for
specie; and there were in this city vester-
day morning, several Northern brokers,
awaiting the hour of 8 o'clock, to make
large drafts upon them.


Our banks did not hesitate, and they
ought not to have hesita,ed. They are
justified by our citizens. Upon the annun-
citation of their determination, all was
of satisfaction al the event. The people
in the country may rest assured that our
banks have taken their course under cir
cumstances, and in condition, which
should impart the most perfect confidence
in them. They will be ready to resume
the moment the course of the Northern
banks renders that expedient and proper.


At Washington there was considerable
run upon the banks on Thursday. A meet
ing of directors was held in the evening,
and on Friday morning the announcement
was made.


The banks at Norfolk which have sus-
pended are the Farmers and Virginia.
A slip from the office of the Norfolk Her.
aid says that the Exchange Bank of Vir-
ginia has determined to GO on paying spe-
Gle. 1t is a new institution and has $780,
900 of state stock in possession. Its cir
culation is, probably, not large


The Philadelphia banks issue notes of
no less denomination than $40. The fves
already issued are called in and redeemed
with coin. Also the ones issued by the
-Girard Bank


The suspension ofthe Providence banks
was agreed on, it isalleg ed under the prev
alent impression that the New York banks
must 60 down. 1t is presumed that infor-
1nation TO the contrary Will produce a
change of action.


The banks at Trenton, New Jersey have
not suspended. and the Gazette of that
place says they will continue to pay spe-
Gle so long as they are encouraged and sus-
tanned by the liberality and confidence of,
the public.


1t is reported that delegation from the
Boston banks has come to this city, for
consultation with the officers OF our institu-
tions. Ii is said that their language is full
'ofconfdence, and that the Boston banks
ARE prepared to offer assistance if it shall
be needed by our institutions. This, how
ever, sesms little probable, as there is no
call for specie, and the public confidence
appears to be increasing daily.


Bank Meeting in Boston. A meeting of
