10581. Bogy, Miltenberger & Co. (Saint Louis, MO)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
private
Start Date
September 29, 1857
Location
Saint Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
4696dcc2

Response Measures

Accommodated withdrawals, Full suspension

Other: Bankers are private banking house; 'closed their doors' described as suspension due to non-arrival of coin in transit; expected to reopen next day.

Description

Multiple contemporaneous newspaper dispatches (dated Sept 29, 1857) report Bogy, Miltenberger & Co. closed their doors (suspended) after heavy withdrawals. The papers state the immediate cause was the non‑arrival of coin in transit (specie shortage). Bankers met checks, confidence was restored and the firm was expected to re‑open (reports say probabilities are that they will re-open to morrow), so the sequence is a run leading to a suspension with an anticipated reopening.

Events (3)

1. September 29, 1857 Run
Cause
Correspondent
Cause Details
Immediate specie shortage due to non‑arrival of coin in transit, which provoked heavy withdrawals and runs on banking houses/brokers.
Measures
Bankers freely and promptly met all checks — paid out to meet withdrawals; guaranty cards published by prominent citizens assuring depositors.
Newspaper Excerpt
The public mind is very unsettled, and there is a general run on our brokers. The bankers upon whom the runs were made this morning freely and promptly met all checks, and thus restored confidence.
Source
newspapers
2. September 29, 1857 Suspension
Cause
Correspondent
Cause Details
Suspension attributed in dispatches to the non‑arrival of coin in transit (lack of specie to continue payments).
Newspaper Excerpt
Bogy, Miltenberger & Co., bankers, closed their doors this morning. Their assets are said to be ample.
Source
newspapers
3. September 30, 1857 Other
Newspaper Excerpt
The probabilities are that they will re open to morrow. ... The bankers ... met the run to-day and confidence is restored. The excitement has almost entirely subsided.
Source
newspapers

Newspaper Articles (12)

Article from The New York Herald, September 30, 1857

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THE CRISIS IN ST. LOUIS. Sr. LOUIS, Mo., Sept. 29, 1857. Mesers. Bogy, Miltenberger & Co., backers here, closed their doors this morning. Their assets are said to be ample. Cards, signed by a large number of our wealthiest citi sens, are published guaranteeing the solvency of Lucas & Do. and Renwick & Peterson, and assuring depositors of the afety of their deposits. The public mind is very unsettled, and there is a general run on our brokers. The banks stand firm and are dis counting liberally. THREE O'CLOCK P. M. The bankers upon whom the runs were made this morn ing freely and promptly met all checks, and thus restored confidence. The excitement has almost entirely subsided The immediate cause of the suspension of Rogy, Miltenberger & Co. was the non arrival of coin in transits. The probabilities are that they will re open to morrow. The assets of Anderson & Co. and of Dawley & Barkdale large ly exceed their liabilities. The presumption is that they will resume in a very short time.


Article from Nashville Union and American, September 30, 1857

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have resolved to suspend Their liabilities are not over a quarter of their capital. TRENTON, N. J., Sept. 28.-The New Jersy banks have resolved to continue specie payments. AUGUSTA, GA., Sept. 28.-The banks of Georgia and North and South Carolina entertain no idea of suspension. PHILADELPHIA, Sept. 28.-The banks have agreed to restore the Pennsylvania bank to its position and receive its notes and discount liberally for customers. LOUISVILLE, Sept. 29.-A fire occurred this morning on Third street, destroying the Stocks of B. Musselman & Co., H. H. Forsyth, Smith & Bro., Branders & Crawford, H. B. Clifford, and Patton & McCullom. Total loss $50 000. Insured for $80,500 in for. eign offices. ST. LOUIS, Sept. 29.-Bogg, Miltenberger & Co., Bankers, have closed. Their assets are ample. Cards are published, signed by a large number of the wealthiest citizens, guaranteeing the solvency of Lucas & Co., and Renick & Peterson, and assuring depositors of the safety of their deposits. The money market is unsettled. There is a general run on the Brokers. The banks are firm and discounting freely. LOUISVILLE, Sept. 29.-The Banks here are sound, with no intention of suspending. Money very stringent, but slightly easier to-day. PITTSBURG, Sept. 29.-The panic has subsided. PHIDADELPHIA, Sept. 29.-The Presidents of the various banks have decided to suspend specie payments on all notes, but will promptly issue small notes for checks against their increase discounts to customers. WASHINGTON, Sept. 29.-The Commissioner of Patents is sending out circulars with the view of ascertaining the amount and cost of cotton consumed in the United States during the past fiscal year. ST. LOUIS, Sept. 29.-The Santa Fee mail has arrived. News unimportant. Col. Johnson, commander of the Utah expedition left Leavenworth last Thursday. The Bankers have met the run to-day and confidence is restored. The excitement has subsided.It is thought that Bogy, Miltenberger & Co will reopen to morrow. The assets of Anderson & Co. and Durby & Barksdale largely exceed their liabilities. It is presumed they will resume soon. CHICAGO, Sept. 29.-E. J. Tinkham & Co., bankers, have suspended. There is no run on other banks. PHILADELPHIA, Sept. 29.-The State Fair opened to-day, the attendance is large and the exhibition attractive. In the United States District Court, in the case of Major Reynolds, charged with defalcation to the amount of 130,000, the Jury returned a verdict that the Government owes the Defendant four hundred and thirty dollars and eighty five cents. President Pierce dismissed Reynolds from service. He will probably be reinstated. ALBANY, Sept. 29.-The run on the Savings banks has subsided, the gold drawn out yesterday is being returned to day. TRENTON, N.J., Sept. 29.-The banks of Burlington, Camden, Cumberland and Salem are report ed failed. The Eastern New Jersy banks will hold on till the New York City banks suspend. NEW YORK, Sept. 29.-The bank Presidents recommend an extension in their discount line for the coming week of three million dollars. BRIDGETON, N. J., Sept. 29.-The Cumberland bank has not failed as reported. NEW YORK, Sept. 29.-Arrived steamer Quaker City from Havana. Bark Antagonist frm Buenos Ayres. NEW YORK, Sept. 29.-The money market is more cheerful, in consequence of the banks proposing to extend loans to the amount of several millions of dollars. No large failures to-day. Exchange unsettled. Cotton-Sales 300 bales; Flour declined; State 10 cents; Southern 30 cents. r Vheat-1,15@1,20 for white, 1,10 for red; Corn and Sugar heavy; Provisions dull: Lard 141; Bacon 14a14}; Hams llall]; Linseed oil 70a75. NEW ORLEANS, Sept. 29.-Cotton, no sales; the market is at a dead stand on account of the impractibility of passing exchange. Purchases could be d made at a marked decline. Flower lower; corn 65; exchange nominal: money scarce; no fears are expressed considering banks. NEW YORK, Sept. 29.-Nicolas won the four mile race. Time, 7:45 and 7:47. Charleston did not run. WASHINGTON, Sept. 29.-Col. Emery, U.S. Commissioner for running the Mexican boundary, has turned over to the Indian department maps and official papers of that work. The Mexican commissioner and corps leave this week for Mexico. Appointments for receivers of land offices: Tho's


Article from Daily Nashville Patriot, September 30, 1857

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BY TELEGRAPH BY THE NATIONAL LINE. [Reports Furnished by the Associated Press.] BOSTON, Sept. 28.-The Suffolk bank redeems country New England bills when coming from other banks; but it jis impossible to redeem for individuals because the clerks can't do the business. The country banks are well protected and retain public confidence. NORFOLK, Va., Sept. Apprehension is felt of a run by foreign bankers to-morrow; but the banks are prepared to meet it. BALTIMORE, Sept. 28.-There is no material change in money matters. The Banks in some instances redeemed five dollar notes in specie at a premium of 7 LO 10 per cent. Philadelphia, Sept. 28.-The Governor has called on the Assembly together on the 6th of October to take action on the suspension of the banks. RICHMOND, Va., Sept. 28 Our banks have determined not to suspend, and refuse to receive on deposit bills on suspended Virginia banks. The Monticello bank of Charlottsville has suspended. The banks west of Lynchburg are reported suspended NEW YORK, Sept. 28.-Abbott, Dodge & Co., a Southern flour house has suspended. PROVIDENCE, Sept. 28.-Tbe Banks of this city have resolved to suspend. Their liabilities are not over a quarter of their capital. TRENTON, N. J., Sept. 28-The New Jersey banks have resolved to continue specie payments. AUGUSTA, Ga., Sept. 28.-The banks of Georgia and North and South Carolina entertain no idea of suspension. Philadelphia, Sept. 28-The banks agreed to restore the Pennsylvania bank to its position and receive its notes and discount liberally for customers. LOUISVILLE, Sept. 29-A fire occurred this morning on Third street, destroying the stocks of B. Musselman & Co., H. H. Forsyth, Smith & Bro. Branders & Crawford, H. B. Clifford, and Patton & McCullom. Total loss $50,000-insured for $30,500 in foreign offices. The banks here are sound, with no intention of suspending. Money very stringent, but slightly easier to-day. ST LOUIS, Sept. 29.--Bogy, Miltenberger & Co., bankers, have closed. Their assets are ample. Cards are published, signed by a large number of the weal biest citizens, guaranteeing the solvency of Lucas & Co. and Renick & Peterson, and assuring depositors of the safety of their deposites. The money market is unsettled. There is a general run on the brokers. The banks are firm and discounting liberally. PITTSBURG, Sept. 28.-The bank panic has subsided. Philadalphia, Sept. 29.-The Presidents of the various banks have decided to suspend specie payments on all notes, but will promptly issue small notes for checks against their increase discounts to customers. Washington, Sept. 29.-The Commissioner of Patents is sen ing out circulars with the view of 88certaining the amount and cost of cotton consumed in the United States during the past fiscal year. Sr. LOUIS, S pt. 29.-The Santa Fee mail has ar rived. N WS unimportant. Col. Johnson, commander of the Utah expedition, left Leavenworth last Thursday. The Bankers have met the run to-day and confidence is restored The excitement has subsided. It is thought that Bogy, Miltenberger & Co., will re-open to-morrow. The assets of Anderson & Co., and Darby & Barksdale largely exceed their liabili ties. It 18 presumed they will resume soon. CHICAGO Sept. 29.-E. J. Tinkham & Co., bank ers, have suspended. There is no run on other banks. PHILADELPHIA, S pt. 29.-The opened to-day. The attendance is large and the exhibition attractive. In the United States District Court in the case of Major Reynolds, charged with defalcation to the amount of $130,000, the Jury returned a verdict that the Government OW the defendant four hundred and thirty dollars and eighty-five cents. President Pierce dismissed Reynolds from service. He will probably be reinstated. ALBANY, Sept. 29.-The run on the Savings banks has subsided. The gold drawn out yesterday is being returned to-day. N TRENTON, N.J., Sept. 29.-The banks of Burlington, Camden, Cumberland, and Salem, are reported failed. The Eastern New Jersey banks will hold on till the New York city banks suspend. NEW YORK, Sept. 29.-The money market is more cheerful in consequence of the banks proposing to extend loans to the amount of several millions of dollars. No large failures to-day. Exchanges unsettled. NEW YORK, Sept. 29.-Cotton sales bales. Flour declined; State 10 cents, Southern 30 cents. Wheat 1 15.1 20 for White; 1, 10 for red. Corn and Sugar heavy. Provisions dull. Lard 144. Bacon 14,144. Hams 11a111 Linseed oil 70a 75. NEW ORLEANS, Sept. 29,-Cotton-No sales, The market is at a dead stand on account of the impacticability of passing exchange. Purchases ould be made at a marked decline. Flour lower. Corn 65. Exchange nominal. Money tight; but T 10 fears are expressed concerning banks. NEW YORK, Sept. 29 -Nicholas WOD the four mile race. Time 7.45 and 7.47. Charleston did not run. WASHINGTON, Sept. 29.-Col. Emory, United States Commissioner for running the Mexican boundary, has turned over to the Interior Department naps and official papers of that work. The Mexcan Commissioner and Corps leave this week for Mexico. Appointments for receivers at Land Offices:'hos. Sargent, at Fort Dodge, and J. D. Evans, at Tinneapolis, Minnesota. NEW YORK, Sept. 29 -The Bank Presidents ecommend an extension in their discount line for he coming week, of three million dollars. Arrived, steamer Quaker City from Havana; bark intagonist from Buenos Ayres. BEIDGETON, N. J., lept. 29.-The Cumberland ank has not failed as reported. FRESH ARRIVAL


Article from Daily Iowa State Democrat, October 1, 1857

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Financial Intelligence. St. Louis, Sep. 29. Bogy, Miltenberger & Co., bankers, closed their doors this morning. Assets ample. Cards signed by a large number of the wealthiest citizens are published, guaranteeing the solvency of Lucas & Co., and Renick and Peterson, and assuring deposi tors of the safety of their deposits. and The public mind is very unsettled, there is a general run on the brokers. The banks stand firm and are discounting liberally. Trenton, N, J. Sep. 29. H. H. Dalton & Co., paper dealers, and Bottom, Tiffany & Co., machinists, suspended to-day, on account of protested N. Y. paper. The Burlington, Cumberland and Salem banks are reported to have suspended. The East Jersey banks, including the Trenton, are more immediately affected. Business men complain that if none of our banks discount, it will seriously effect them. Philadelphia, Sep. 29. Bank affairs are settling on the low sjecie basis. The banks are preparing to issue small notes. The Pennsylvania Bank notes are to be received at all of the other banks on and after to-morrow. The proclamation of the Governor to convene an extra session of the Legislature will be published to-morrow morning. The Board of Trade has determined to call a meeting for the public expression of the various business interests of the city with reference to the proposed legislation respecting the suspensions. Believing that the interests of the community and State will be subserved thereby, the presidents of the banks have agreed to restore the Bank of Pennsylvania to a position at the clear house, and to receive its notes and discount liberally for their customers. Had this been done sooner, there would have been no suspensions. New York, Sept. 29. The weekly bank statement shows the following results: Decrease in loans, $982,000; decrease in specie, $290,000; decrease in doposits, $933,000; decrease in circulation, $235,000. Albany, Sept. 29. The run on savings banks subsided this as as it commenced morning, suddenly yestorday. The gold drawn out at the sayings bank yesterday, is being returned this morning. Providence, Sept. 29. The banks of Providence have resolved to suspend specie payments. The liabilities of the banks are not over 25 per cent. of their capital. Baltimore, 28. We have no material change in money matters to day. The banks in some instances, as a matter tion. redemed 5's of accommodaSpecie demands a premium of seven to ten per cent. in exchange for Baltimore funds. Pittsburgh, Sept. 28. the banks of city Pinobang


Article from The Davenport Daily Gazette, October 1, 1857

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LATEST NEWS. The Financial Crists of the East and South. NASHVILLE, TENN. Sept. 28. The Bank of Nashville suspended this morning. A meeting of the merchants recommended the Union, Planters, and State Banks to suspend, but they refused. Several free banks are thrown out to day. Confidence is felt that the Bank of Nash ville will pay and have a large surplus. PHILADELPIA, Sept. 28. Bank affairs are settling on the low specie basis. The Banks are preparing to issue small notes. The Pensylvania bank notes are to be received at the other banks tomorow. Believing that the interests of the comand the State will be subserved the agreed to restore the munity thereby, presidents bank of the of Pensylvania banks have to a position at the clearing house, and toreceive its notes and discount liberally for their customers. Had this been done BOOD er, there would have been no suspensions. Sr. Louis, Sept. 28. The Banking houses of Darby & Barks dale and J.J. Anderson & Co., suspended this morning Bogy, Miltenberger & Co., bankers, closed their doors this morning. Assets sample. Cards signed by a large number of the wealthiest citizens are published, guaranteeing the solvency of Lucas & Co., and Renick & Peterson, and assuring depositors of the safety of their deposits. mind is very and there a run on the The is public general unsettled brokers. The banks stand firm and are discounting liberally PROVIDENCE, Sept. 28. The banks of Providence have resolved to suspend specie payments. The liabilities of the banks are not over 25 per cent of their capital NEW YORK Sept. 28. "The weekly bank statement shows the following result : decrease In loans, $982, 000 decrease in specie, $229,000; decrease in deposits, $933,000; decrease in circula tion $235,000. PITTSBURG, Sept. 28. All the banks of this city with the ex ception of the Pittsburg have suspended, but will resultive when similar action is adopted by Eastern banks. TRENTON, N.J., Sept. 29. The Backagton, Cumberland and Selam banks are reported to have suspended. banks, the The East Jersey including effected. Trenton are more immediately Business complain that if none of our banks discount. it will seriouly effect them. 10 O'CLOCK P. M. REPORT. Sr. Louis, Sept. 29. in this city upon runs The bankers and whom promptwere made this morning, freely ly met all checks, confidence is restored. The excitment is almost entriely subsided. cause of suspension & Co., was the of The Miltenberger immediate non-arrival of Bagy, coin in transitu. The probabilities are that they will re-open to-morrow. of Anderson & Co., and Darby & exceeded The Barksdale, assets largely their will resume liabilities. The presumption is they in a very short time. PHILADELPHIA, Sept. 59. and Southwark Banks are payon their notes ing The specie City small of yesterday. notwithstanding their agreement are recieving the notes in excepting the of bank place They A deposit, meeting NEW Presidents After York, Pennsylvania. of other Sept. took consulta- banks 29 at 3 o'clock this P. M. a tion it was agreed to recommend all City banks to extend their discount line three per cent during the coming week. This in the aggregate will amount to over three million dollars. Forty out of the fifty-five hanks were represented at the meeting. GEORGETOWN, D.C.29. of Commerce, to redeem apeThe continued Bank its Georgetown, issue in come into an cie, which has arrangement with pay- the District banks, and suspended specie ment altogether. The Farmers' and Mechanics' Bank in Georgetown has also sua pended. NORFOLK, Vs. Sept. 29. All the banks here continue firm.


Article from The Daily Gate City, October 1, 1857

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Telegraphic News. PITTSBURGH, Sept. 29.-All the Banks of this city, with the exception of the Pittsburgh Bank have suspended, but will resume when similar action is adopted by the Eastern Banks. BALTIMORE, Sept. 29.-We have no material change in money matters to-day. The Banks in some instances redeemed 5's as a matter of accommodation. Specie demands a premium of 7 to 10 per cent. in exchange for Baltimore funds. PROVIDENCE, Sept. 29.-The Banks of Providence have resolved to suspend specie payment. The liabilities of the Banks are not over 25 per cent. of their capital. Philadelphia, Sept. 29.-The proclamstion of government to convene an extra session of the Legislature will be published tomorrow a. m. The Board of trade has determined to call a meeting of public expression on various business interests of the city, with reference to the proposed legislation on the suspensions, believing that the business and the interests of the community'and state will be subserved thereby. The Presidents of the Banks have agreed to restore the Bank of Pennsylvania to a position at the clearing house, and to receive its notes and discount liberally for their customers. Had this been done sooner there would have been no suspensions. The city and Southwark Banks are paying specie on their small rates. Notwithstanding their agreement of yesterday they are receiving the notes of other Banks on deposit, excepting the Pennsylvania Bank. In the U. S. District Court, in the case of Quarter-Master Reynolds, charged with defaulting to the government in the sum of $130,000, the Jury returned a verdict to-day that the government was indebted to the defendant in over $400, and judgment was aecordingly entered in his favor. New YORK, Sept. 29.-The weekly Bank statements show the following result Decrease in loans, $982,000. Decreasein specie, $229,000. Decrease in deposits, $933,000. Decrease in circulation, $235,000. The express train on the Erie Railroad, from New York at 6 p. m. Monday, ran into an engine on the Blossburg and Corning road, standing on the main track at Corning. The train was badly wrecked but no lives lost. The main track will be cleared to-night. In the meantime the "Tioga" is used. A meeting of Bank Presidents took place at 3 o'clock this p. m. After consultation, it was agreed to recommend all the city banks to extend their discount line three per cent. during the coming week. This, in the aggregate, will amount to over three million dollars. Forty out of the fifty-five banks were represented at the meeting. Sr. LOUIS, Sept. 29.-Bogy, Miltenberger & Co., Bankers, closed doors this morningassets ample. Cards signed by alargenumber of the wealthiest citizens published guaranteeing the solvency of Lucas & Co., and Renick & Peterson and assuring depositors. The public mind is very unsettled and there is a general run on the Brokers. Banks stand firm and are discounting liberally. The Santa Fe mail has arrived-news entirely unimportant. Col. Johnson, Commander of the Utah expedition, left Leavenworth on Thursday last. The Bankers in this city, upon whom runs were made this morning, freely and promptly met all checks and confidence is restored. Excitement has almost entirely subsided.The immediate cause of the suspension of Bogy, Miltenberger & Co., the non-arrival of coin in transit. The probabilities are they will re-open to-morrow. The assets of Anderson & Co., and Darby & Barksdale, largely exceed their liabilities. Presumption is they will resume in a very short time. NASHVILLE, Sept. 29.-The Bank of Nashville suspended this morning. A meeting of the merchants recommended the Union, Planters and State Banks to suspend, but they refused. Several free banks are thrown out to-day. Confidence is felt that that the Bank of Nashville will pay and have a fair surplus. NORFOLK, Sept. 29.-All the banks here continue firm. ELIZABETH CITY, N. C., Sept. 29.-The Farmers' Bank of this city has suspended. Brokers are taking the notes at 5 per cent. discount. GEORGETOWN, D. C., Sept. 29.-The Bank of Commerce, Georgetown, which continued to redeem its issues in specie, has come into an arrangement with the district banks and suspended specie payment altogether. The Farmers' and Mechanics' Bank in Georgetown has also suspended. TRENTON, Sept. 29.-H. H. Botton & Co., paper dealers, and Botton, Tiffany & Co., machinists, suspended to-day on account of protest of New York paper. The Burlington, Cumberland and Salem f Banks are reported to have suspended. The East Jersey banks, including the Trenton, are more immediately affected.New York will hold business. Men complain that if none of our banks discount, it will seriously affect them. ALBANY, Sept. 29.-7 he run on Savings banks subsided this morning as suddenly as it commenced yesterday. The gold drawn out of the Savings bank yesterday is being returned this a. m. The Central American to be Haised. NEW YORK, Sept. 25. It is reported that negotiations are going on between the Boston Sub-Marine Armor Company and the Underwriters of the Central America, to raise her hull, which is supposed to be in twenty-eight fathoms of water.


Article from Muscatine Weekly Journal, October 3, 1857

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THE NEWS. - Bogy, Miltenberger & Co., bankers, of St. Louis, closed their doors on the 29th. -Dispatches from the Eastern dities of the 29th represent the financial panie as on the increase. At a meeting of bank presidents in New York, it was agreed to recommend the city banks to extend their discount line three per cent. during the coming week. This, in the aggregate, will amount to over three million dollars. Forty out of the fiftyfive banks were represented at the meeting. The Governor of Pennsylvania, it is understood, will issue a proclamation convening the Legislature immediately, in order to legalize the non-payment of spocie by the banks. -Thos. Sergeant has been appointed Receiver in the Land Office at Fort Dodge, vioe Russell resigned. Jas. Barker, Receiver}at Chariton, Iowa, has sent in his resignation. -The banking house of E. I. Tinkham & Co, at Chicago, failed on the 29th. It is thought its assets are amply sufficient to meet its liabilities. -Messrs. Jewett & Co., publishers of Bos ton, have suspended. Their liabilities are $100,000. -Two of the private banking houses in St. Lonis-John J. Anderson, and Darby & Bankdale-failed on the 28th. Both these were large concerns, the former, it is supposed, holding deposits of nearly or quite a miilion of dollars. It is said they have been embarrassed by advances to Missonri railroads in course of construction. WISCONSIN BANK FAILURES.-The Badger State Bank, at Janesville, and the People's Bank of Milwaukee, closed their doors on the 26th. -The financial panic in the East continues. Most of the banks are adopting the non-specie payment policy. A New York dispatch of the 28th says: "The money market is very stringent, but the banks remain firm in their position. Some very heavy failures are reported." FOREIGN.- By the arrival of the steamer City of Washington at St. Johns. we have Liverpool dates to the 16th. The cholera is raging at Hamburg, Stockholm and other places, and it is proving fatal. The Indian mail had arrived. At Delhi on the 29th several sorties were repulsed with great loss to the rebels, and 500 British killed and wounded. Gen. Havelock, while marching upon Cawnpore, proceeded one hundred and twenty-six miles in four days, and fought four desperate battles against Neena Sahib, completely routing him. Neena Sahib's atrocities at Cawnpore beggar description Four hundred persons, including seventy women and one hundred and twenty children, were massacred in cold blood, in the court yard fronting Sahib's head-quartere. Sahib escapel, but subsequently drowned himself, together with his family. General Havelock, after re-occupying Cawnpore, burnt it. It was expected Delhi would soon fall.


Article from The Davenport Daily Gazette, October 3, 1857

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MONEY MATTERS AT Sr. LOUIS.-A better feeling prevailed in the city yesterday than on the day preceding. Much danger was apprehended in the morning, lest a run made upon the other banking houses should cause a general suspension; but when it was found that they stood up under the pressure, great relief was felt, and by twelve o' clock no further apprehension was entertained. Early in the morning the banking house of Bogy, Miltenberger & Co. closed their doors; but as it was known on Monday evening that this would in all probability transpire, it did not excite any additional alarm. The gentlemen of the firm assure their depositors of their ultimate safety, and we have every reason to believe that such will be the case. Deep sympathy is felt for the firm thus embarrassed, by their many friends throughout the city, and their resumption of business at an early day, is confidently looked forward to. During the forenoon a steady demand was kept up on Messrs J. II. Lucas & Co., and on the Boatman's Institution. It very soon became manifest, however, that they were so well fortified, and the payment of all calls was so promptly made, that the run soon ceased, and by noon had entirely subsided. It was the cause of infinite congratulation, as every one realized that the rub was passed, and that there would be no further trouble for the present. Both Lucas & Co. and the Boatman.s Institution have greatly increased general confidence by the staunchness they exhibited on this occasion.-St. Louis Democrat, 30th


Article from The Day Book, October 5, 1857

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Thomas H Craige & Son, cotton mills, Philadelphia, suspended. Wilcox, Rogers & Farley, straw goods, do, sus. do, do. Geo L Broome, sugar, do, do. Knight & Bell, commission, do, do. D B Taylor & Co, lumber. do, do. Parry & Randolph. lumber, do, do. Joshua Kames, notions. do, do. Springer N Bro, dry goods, Addicks, Van Duzen in Smith, straw goods and do, do. shoes, do, do. Kay & Delhaven, hardware, Wolfcandler. clothing. do, do. John Drake, shoes, Philadelphia, requests us to say that he has not suspended, as reported. S N Haud, Cuthbert, Geo., failed. Darby & Barksdale, bankers, St. Louis, Mo., suspended. John J. Anderson, banker, St. Louis, Mo., suspended. Bogy, Miltenberger & Co., bankers, St. Louis, Mo., suspended. J. B. Holmes, Cincinnati, Ohio, assigned. William Shrom, Cincinnati, Ohio, assigned. Lowry & Upson, Cuyahoga, Ohio, assigned. E. R. Kellogg & Co., hats, Chicago, III., suspended; liabilities $115,000. E. J. Tinkham & Co., bankers, Chicago, III:, suspended. James Carter & Co., Galena, III., suspended. M. H. Wheeler & Co., Joliet, III., assigned; liabilities said $60,000. P. H. Burch, Bloomington, III., assigned. Hutchinson & Ross, Sterling, III., assigned. Joseph Hough, Pontiac, Mich., assigned. Thomas Whitney, Saginaw, Mich., failed. Charles Wheeler & Co., Wyandotte, Mich. assigned. Samuel R. Fox, Madison, Wis., assigned. W. H. Strough, Menaba, Wis., suspended. Heron Bros., bankers, Dubuque. Iowa, assigned. Woodward & Hopburn, Des Moines, Iowa, suspended. S. Black, Waterloo, Iowa. failed. M. S. & M. H. Clark, St. Peter's, Minneso to Territory, assigned. George H. Cheney, Toronto, C. W., assigned to I. D. & W. R. Harris; liabilities about $100,000. George Morton, Brockville, C. W., assigned. Andrew McGee, Brockville, C. W., assigned.


Article from The Burlington Weekly Hawk-Eye, October 7, 1857

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dation. to The de has on interests have ceive they the deposit, excepting the District Court, case of Quarter Reynolds, default ing to the Government the of $130,000, the Jury to-day returned that the defendant in over judgment was enfat 28. St. Sept. Louis The Banking houses of Darby Barkedale and J & Co., this m. The second anual meeting of the St. Louis Ag ricultural and Mechanical opened to day. Several ring horses exhibited. Mi-Roori coming off with majority of premiums, There were 10,000 persons weather delight ful. Nashville Sept. 29. The Bauk of Nashville suspended this morning. meeting of the merchants. recommen ded the Union, Planters and State Banks to suspend but they refused Several free Banks are thrown out to-day Confidence is felt that the bank of Nash ville will pay and have a large surplus. New Orleans, Sept. 29. The number of deaths in this city last week was 108 St. Loust, Sept. 29. Bogy, Miltenberger & Co., Bankers closed doors this morning ample. Cards signed by large number of the wealthies citizens published guaranteeing the solvency of Lucas & Co.. and Renyick & Peterson and assuring depositors. The public mind and there general run on the Brokers. The Banks stand firm and are discounting liberally The Santa Fee mail has -news entire ly unimportant. Col. Johnson, commander of the Utah expedition left Leavenworth on Thursday last The Bankers in this city, upon whom runs were made this morning freely and promdtly met all checks and confidence is restored The The excitement almost entirely subsided immediate cause of the suspension of Bogy, Miltenger & Co., was the non arrival of coin in transit. The probabilities are they wiil re-open to-morrow The assits of Anderson Co., and Darby & Barksdale largely exceed their liabilities. The presumption is they will resume in a very short time. New York, Sept. 29 The steamer Philadelphia, from New Orlean via Havanah 23d, reports the health in that place to be improving fast. Several cargoes of negroes had been landed on the north side of Cuba. Two Spanish slavers had been seized Several parties have been arrested and imprisoned by order of Captain Gell. Exchange on New York and Eastern cities at par The weekly Bank statements show the fol lowing result -Decrease in loans. $982,000 Decrease specie $229,000. Decrease in deposite $933,000. Decrease in circulation $235, 000. The express train on the Erie Railroad, from New York at 6 p.m. Monday, ran into an engine on the Blosburg and Corning road, stand train ing on the main track at Corning. The was badly wrecked but no lives lost The main track will be cleared -night. In the meantime used. the is Tioga A meeting of Bank Presidents took place at 3 o'clock this p.m. After consul tation, it was agreed to all the city banks to extend their discount line three per cent. during the coming week. This, in the aggregate, will amount over three million dollars. Forty out of the fifty five banks were represented at the meeting. The great four mile race over Fashion Course this attracted thousands of spectators. Charleston was withdrawn previous to the race, being out of condition, and Engine was easily beaten in two straight heats by Nicholas. Time 7.45 and 7.47. Engineer barely saved his distance in 2d heat. The Democrats are holding a grand ratification meeting in the Park to-night, with speechca, cannon, &c. Albany, Sept. 29. The run on Savings banks subsided this morning suddenly as it commenced yesterday. The gold drawn out of the Savings Bank yesterday la being returned this a.m. Trenton, Sept. 29. H H. Botton & Co., paper dealers, and Botton, Tiffany & Co., machinists, suspended to day on account of protest of New York paper. The Burlington, Cumberland and Salem banks are reported to have suspended. The East Jersev banks, including the Trenton, more immediately affected. New York will hold business Men complain that if none of our banks discount, it will seriously affect them. Georgetown, D. C., Sept. 29. The Bank of Commerce, Georgetown, which continued to redeem its issue in specie, has come into arrangement with the district banks and suspended specie payment altogether. The Farmers' and Mechanics Bank in George town has also suspended. Norfolk, Sept. 29. All the banks here continue firm. Elizabeth City, N. C., Sept. 29. The Farmers bank of this city has suppended The brokers are taking the notes at cents dis count. Brantford, C. W. Sept. 29. The Provincial Fair opened to-day ather favorable. The number of entrances greatly exceeds every previous year. The educations department is prominent feature. Few for eign entries have been made. 4000 viitors are presen. Washington. Sept. 29. Col. Emy, U. S. Commissioner for running the Mexican boundary has formally turned oved to the Interior department, the maps and official papers connected with that work. The Mexican Commissioner and his corps of assistants will leave this week for Mexico. in Thos. Sergene has been appointed receiver the land office at Fort Dodge, vice Russell. re signed. Jas. Baker, receiver Chariton, Iowa


Article from The Burlington Weekly Hawk-Eye, October 7, 1857

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by by the news by fire. Lom $600,000 mail was received Wm. Bean had been convicted of embessing . victims of the public treasure from the branch mist, CaliforI $ paus abildren belong. Haerasthy's defelsation from same establish. lians. The Calment 000'0018 dates from Cal. being carried on successfully. 17th, à de : The Career Valley people are agitating for a The following Territorial From that quarter we have su account of the frightful masacre by utta on the 18th the the Indians oldiers. General : Oregon that learn the From Constitutional need within one Convention met at Salem on the 17th August. I been obliged to From Washington Territory we have intelliunt of the abolgence of the murder of Col. Eby, collector of fores. I the pert of Townsend, by party of Indians. via Ceyloa, that His family escaped. Eighteen Indians had been nong the troops arrested by the inhabitants and they would be hem to return to bung. Hen. G. Venable, our Minister in Guatemala' and thwarted, to died of cholera, on the 33d August. This opidemis was ravaging Guatemala and San Salvaas with the rebdor. Martial law had The South American news, though a month he Gov. General's later, is unimportant. The revolution In Peru change. : ed from the comM. O. Roberts furnishes a list of the passenames Outram sucgurs from the Isthmus on board the Central onal native regiAmerica. and others were First class-J A Thorn, lost; Jose Sequin, Potroops at Lagowruvian Minister to the U. 8, U.S., foot; a Tyfel, of their officers. A Lime, Peru, saved; Wm B Smith, loss; Was per attacked the Graffts, lost; Capt W G Dyer, lost; Adolphus 0 th this loss of two Layer; his lad of 11 years, lost; Ancha Picton, ) contingent and bearer of dispatches to Paris and Belgium, Condispersed. Acsul at Lima, lost; Theodore Taylor, Mate, in the . Delhi the Euro. Pacific M. S. Co.'s employ, lost; c. McCarthy, are the place, but Engineer, saved; J Sellamer, lest. Second and a general as class-V Watson and Son, lost; Otis Baldwin, ays. last; Jas O'Neill, lost; C W Griffith, lost; Wm Oaborne, hough the official Thes saved; lost: Frank Mollony, Caras still holding penter, left; W na Wm Hemmel, lost; m Pleas, lost; to believe that Aromor, lost; T Morris, lost; F Griffith, lost. confirmed, and It now appears that the Central America had , ben destroyed 450 passengers, and $1,219,189 in specie, when under its protecshe left Aspinwal. From the St. Louis Republican, S1st ult. y scarce. Wheat, Run on the St. Louis Bankr. g. The brokers On Monday there was a great desire to ### that alwhat would be the result of the panie on Tuesit was la2d highday. It apprehended that & run would be made on the Bankers and Savings institutions, ort an advance notwithstanding the guaranties given to two of off, on the whole the banking houses by some of the leading capations of the last italists of the city, and the acknowledged sol vency of all of them; and at the hour of open ed wheat 8sa8a6d. ing, an unusual number of persons were obfleur 81a32, Ohio served on Main street, and on the cross streets 88a38s 6d. Beef leading to it. The first thing that attracted at nflux of low retention was a notice on the door of the banking house of Bogy, Miltenberger & Co., that demand at generthe house had temporarily suspended business, , good demand at and that it would not be opened. Curiosity losed on Friday seemed to lead a good many persons to the or account. spot, and they lingered there a good while, England bad injoined by many others, who seemed to have 000. little to do except to contribute to the exciters. Baring Bros., ment. This house did not open at all, although ellers than might no one doubts its ability to pay every dollar of N. Y. advices.its obligations many fold over. The suspension demand and inis, as stated, temporary. The house has been ply is below the arranging its affairs with view to its close, and it has refused many accounts, and was setted I.C. shares tling up all others. If necessary to a settle1 market. ment of its business affairs, it will, we have no cy downward doubt, resume business in short time. in demand at full The seekers after gold were early in the street in front of the banking house of J. H. Missionary who Lucas & Co., where they were soon joined by for N. Y., in the number of idlers and curiosity mongers.Those who had deposits in this house were not taken out of the in over modest demand for making and specie, stored in Plymfrom 9 till nearly 11 o'clock the tellers were busily employed in paying checks. Nobody marine Cable has was sent away without having his wishes gratyo ified in this particular, and some of them, when , York, Oct. 2. they had received the gold, appeared greatly NING. me at loss to know what to do with it. By the mp, &c, connechour of eleven, every depositor was paid off : hs, Tiffany & Co, and went off, and then the crowd disappeared. mission house at From that hour until M., there was no un. es-sterling exusual excitement on the corner of Main and Chestnut streets. do Another class of depositors were not slow in tsburg, Oct. 2. n Fourth Street, paying their respects to the gentlemen who th air and furniture manage the German Savings Institution, in the & Co., as cab. Merchants' Exchange block. There was quite st to the ground. a rush on them, and this was kept up for an hour or two, when all demand for specie from ing the fire, and e building, were affrighted depositors ceased. One of these inured. McIrwin's dividuals, after he had accomplished his pur000 in the Farpose in clutching the gold to which he was entiladelphia. Seatled, seemed to have been struck with the ridiensured. ulousnoss of the proceeding, and concluded toC. B. Palmer, put it back in the very vaults from which he of had it. received ZE the Farmers & his. A law of While these things were going on in Main O. W. Selden, was street, another set of depositors were paying trs their respects to the Boatmen's Saving Institution, at the corner of Pine and Second streets. Louis, Oct. 2. For or an hour time-say two-the young of Indian Affairs, gentlemen whose duty it is to honor drafts upreports having 25 on this institution, were a good deal exercised, treaty with the . and the coin passed out pretty freely; but by on the 24th ult. the time they had had fairly fairly got their hands in, the is announces the is demand was exbausted, and they had nothing n Salt Lake, who unusual to do the balance of the day. e fortified Fort Passing up Main street, a few stragglers were ntion of defendnoticed in the banking house of L. A. Benoist he United States' & Co., but the serenity of the gentleman who depredations by manages that concern was not disturbed, and he d daily growing rarely took his hands out of his pockets. ⑆ Still further up the street the "State Savings" Helphia, Oct. 3. had no calls for specie from importunate or suspended payof suspicious depositora, and discounts were made, and the usual business if carried : on, they e Reading R. R. had no knowledge of any undue excitement in the the city. most distinct Probably intimasyments yesterbe protested.tion they had of it, was the opening of new tel There were no accounts by depositors, who paid in twenty The Pennsylvaseven thousand dollars, the major part of it, it til Monday next. is presumed, drawn from the vaults of other banking houses. dis York, Oct. 3. 10 The Bank of Missouri was not disturded by have suspended. unusual applications for specie. Nor were any thrown out toof the other banking houses on Main street.California Mail Go All went quietly with them. We have no re7th, when the port of the newly chartered banks, but prethe Star of the sume that nothing unusual transpired in their doors. Me lag Bostop, Oct. 3. So much for yesterday's doings. The fever suspended payand desire to break the Bankers and the Banks of and Saving Institutions has, it is believed, exhausted itself, and a return to a more settled York, Oct. 5. state of things is confidently expected. Glasgow on the I morning, She The Chicago Journal says that on Saturday on the 2d, City morning last, as some wretches who had caught riel on the 4th. some of the numerous rats which the high driven had from their grade were amuhaunts, i. an sing themselves by covering them over with $ à = I spirits of turpentine, and then setting it on fire; lcans for the In one of the rats, more sensible perhaps than their tormenters, seeing the plumming shop of he native regiMessrs. Wilson & Hughes, close at hand, and ressed. knowing them to be skilful in everything per. the Indigo distaining to "water" madea straight row of tracks for their show window, under which taking read sent strong fuge, fire was communicated to the store floor, he command on and had it not been for the timely aid of some de of the Britpassers by, a serious fire might have occurred. in the recent me A KEG OF SPECIE Due Ur.-The Oswego lled. Times, of the 18th ult. tells the following story: om Bremen, arTwo men named, respectively, Ward and Hall, Ph reports that at were at work down the lake shore, some miles for ult., she spoke from this city, getting out hoop stuff, when they och, from Cardiscovered a small keg buried in the sand. This ok from her J. they dug out, and opening it found it contained


Article from Glasgow Weekly Times, October 15, 1857

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Suspension by Bankers. The following private Bankers of St. Louis have suspended: J. J. Anderson & Co., Bogy, Miltenberger & Co., Darby & Barksdale, E. W Clark & Bros., Jas. H. Lucas & Co.--to which we might add the names of several of the oldest and strongest mercantile houses. It is thought the crisis has passed, and that the suspended houses will soon be under way again.