10582. Darby & Barksdale (Saint Louis, MO)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
September 28, 1857
Location
Saint Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
87f185f9

Response Measures

Accommodated withdrawals, Public signal of financial health, Capital injected, Full suspension

Description

Multiple contemporaneous newspaper reports (late Sept 1857) state Darby & Barksdale suspended specie payments. Several accounts mention depositors/runs on bankers that morning and that the houses later suspended; papers report assets exceed liabilities and expectation of resumption but no clear, documented reopening in these clippings. Cause tied to the wider 1857 financial crisis (panic/coin scarcity).

Events (2)
1. September 28, 1857 Suspension
Cause
Macro News
Cause Details
Suspension occurred amid the broader panic of September 1857 and disruptions in specie/coin flows (non-arrival of coin cited for some houses); Darby & Barksdale suspended along with other St. Louis private bankers.
Newspaper Excerpt
J. J. Anderson & Co., and Darby & Barksdale, bankers, have suspended.
Source
newspapers
2. September 29, 1857 Run
Cause
Macro News
Cause Details
Heavy withdrawals triggered by the nationwide financial crisis of Sept. 1857 and suspensions elsewhere, producing runs on local bankers in St. Louis
Measures
Met all checks promptly; bankers attempted to meet withdrawals and reassure depositors
Newspaper Excerpt
the bankers in this city, upon whom runs were made this morning, freely and promptly met all checks
Source
newspapers

Newspaper Articles (10)
1. September 29, 1857 New Orleans Daily Crescent New Orleans, LA
Article from New Orleans Daily Crescent, September 29, 1857

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forcements. General Havelock occupied Bothous without resistance. Neena Sahib General Havelock defeated ten thousand rebelside the road to Locknow. The British loss on this occasion was trilling. ADDITIONAL FORHIGN NEWS Further from India Hyderbad was quiet still on the 14th of August It was expected that Delphi would soon fall. Generals Havelock and Neil were advancing upon Lackbnow. Three regiments of the Bengal army Had revolted and fied to Reeve river, whither they had been pursued by Gen. Floyd and eight hundred of them killed. The motineers had also been routed at Juribalpore and other places. Conspiracies had been discovered at Benares. Gen. Havelock burned Beloor. Sir Colin Camp bell had arrived and assumed the command. Nena Sahib's atrocities at Cawnpore beggar description. He massacred 400 Europeans, including 70 women and 120 children. The courtyard in front of his beadquarters was literally swimming with blood. He subsequently escaped and afterwards drowned himself and family. Financial News. PITTSBURG, Sept. bank excitement siding. The Mechanics' Bank has suspended payment. RICHMOND, VA., Sept. 28. None of our banksha suspended yet, but the news of the Northern suspes sions causes much excitement SECOND D ISPATCH PHILADELPHIA Sept. There is still no concert among the banks. They paid specie or $5 bills until 11 o'clock, when the North American suspended entirely. The suspension is now expected to become general. Later The Philadelphia Bank has suspended. New England BOSTON, Sept. 28.-The Suffolk bank refuses toredeem the bills of New England country banks. BOSTON, Sept. 28. John P. Jewett Co., publishers, have suspended. Their liabilities amount to $100,000. [Second Dispatch.] BOSTON, Sept. -The Suffolk Bank redeems the bills of country New England banks. It is impossible to redeem for individuals, because the clerks cannot do the business. The country banks are well protected and retain public confidence. Latest from Philadelphia. PHILADELPHIA, Sept. 28, Noon.-Business has been much deranged here by the vacillating course of the banks. PHILADELPHIA, Sept. 28, P. The ban here have agreed to restore the Pennsylvania to its posi tion and to receive its notes and discount liberally for customers. PITTSBURG, Sept. Every bank in the city, except the Pittsburg Bank, has suspended. There is little excitement, however. NEW YORK, Sept. 28.-Abbot, Dodge & Co., Southern flour dealers, have suspended. NEW YORK, Sept. 28, NOON. There is a panic in our stock market. NEW YORK, Sept. 28 -There is no truth in the report of the failures of Clark, Dodge & Co., and Phelps, Dodge Co. Philadelphia exchange (street rates) stands at 10, and some cases 6 per cent. per month. The Metropolitan, Republic, Merchants', Mechanics', American Exchange, Union and Phonix Banks have issued circulars, stating their intention to maintain specie basis. NEW YORK, Sept. 28. -The banksare firm. Money is very stringent. Some very heavy failures are rumored. ALBANY, Sept. -There is a run on the small Savings banks by small depositors. PROVIDENCE, R. I., Sept. 28. The banks of this are city have resolved to suspend. Their liabilities. are not over a quarter of their capital. NEWTON, N. J., Sept. 28. The banks of this city have resolved to continue specie payment. CINCINNATI, Sept. 28. Business is paralyzed. Exchange on the East is quoted at 5 per cent. J.B. Holmes, manufacturer, has assigned. Other failures are reported, but the names are not disclosed. Sr. LOUIS, Sept. 28.-J. J. Anderson & Co., and Darby & Barksdale, bankers, have suspended. WASHINGTON, Sept. 28.-- The Bank of the Metropolis has suspended. The Washington and the Patriotic still pay on small bills. The savings banks demand the six days' notice from depositors. Virginia bills are at 5 per cent. discount. Virginia Banks. The Norfolk and Richmond (Va.) banks are firm. The Staunton Bank and Bank of the Valley of Virginia have suspended. ALEXANDRIA VA., Sept. 28.- Our banks are paying specie on small notes only. NORFOLK, Sept. 28.- Apprehensions are prevalent of run on the banks to-morrow by foreign banks, but our banks are prepared to meet it. Southern Banks. AUGUSTA Ga., Sept. 28.-The Carolina and Georgia banks are all right. The question of suspension is not even entertained. BALTIMORE, Sept. -There is no material change in money matters. The banks in some instances re deem $5 bills at a premium of to 7 per cent. RICHMOND, Sept. 28.-- Our banks have determined to not suspend and refuse to receive on deposit bills of suspended Virginia banks. The Monticello Bank at Charlottesville has sua : pended. Several banks west of Lynchburg are reported to have suspended. NASHVILLE, Sept. 28.-The Bank of Nashville has suspended. MEMPHIS Sept. 28.-It is surmised that some of our banks are about to suspend. WASHINTON, Sept. -Advices from Key West state that several cases of yellow fever have occurred there. MEMPHIS, Sept. -About 300 bales of the new crop of cotton have been received here up to this time. Domestic Markets. NEW York, Sept. 28. Cotton is dull. Flour $5 70 to $5 25. Wheat has declined 6 to 10 cents. Corn is offered at 70c. Mess Pork 10c. lower. Chicago Beef 25c. lower. Bacon Hams 12c. Shoulders 11c. Whisky 24c. Coffee quiet. Sugar heavy. River Intelligence. VICKSBURG, Sept. 28.-The G. W. Powell passed down at 9 o'clock on Saturday night, the Sunflower at 6 Sunday morning, R. W. Powell and Choctaw at 3 Sunday evening, and the Michigan at 6 this moraing. VICKSBURG, Sept. 28.- The McRae passed down at 2 M. A Patlander on board a vessel, when she was on point of foundering, being desired to come on he the as she was about going down, replied, that had deck, no wish to go on deck to see himself drowned.

2. September 29, 1857 Daily Nashville Patriot Nashville, TN
Article from Daily Nashville Patriot, September 29, 1857

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BY THE NATIONAL LINE. [Reports Furnished by the Associated Press.] NEW ORLEANS, Sept. 26. Our Banks and Merchants are impregnable, and are in no sort of danger. PITTSBURG, Sept. 28.-The Bank excitement is subsiding. The Mechanics' bank has suspended specie payment. Philadelphia, Sept. 28.-It is understood that the Governor will call the Legislature together on the first Tuesday in October, to take action on the bank suspension. RICHMOND, Sept. 28.-No bank suspensions yet. The Northern suspensions cause much excitement. WASHINGTON, Sept. 28.-Several cases of yellow fever have occurred at Key West. PHILADELPHIA, Sept. 28.-There is still no concert of action among the banks. They paid specie on five dollar bills till 11 o'clock, when the North American bank suspended, The suspension is now expected to become universal. The Philadelphia bank has suspended. Alexandria, VA., Sept. 28.-The banks are paying specie on small notes only. WASHINGTON, Sept. 28.-The Metropolis bank has suspended. The Washington and Patriotic banks are still paying small bills Savannah, Sept. 28.-The banks demand the six daysnotice from depositors. Virginia bills five per cent. discount. Jewett & Co., publi-hers, have suspended. Sr. JOHNS, N. B., Sept. 28.-The screw steamer Jura has arrived with London dates of the 15:h. Consols 901. Money more stringent. Wheat advanced and firm. Corn active and steady. Flour buoyant ST. JOHNS, Sept. 28 -The steamer City of Washington arrived out on the 16th. The Emperor Alexander had arrived at Berlin. The cholera is raging at Hamburg, kholm and other places proving very fatal. The Bank of Holland has increased rates to 5 per cent. The election in the Principalities resulted favorable to the Union. The India mail has arrived with Delhi dates to the 29th. Several sorties were made, but , puls d with great loss to the rebels; 500 killed and wounded. The Nemuch mutineers reached Delhi. Gen. Nicholson was daily expected from Punjaub with reinforcements. Gen. Havelock occupied Bepho on the 17th without r. sistance. Lena Sahib escaped on the 29th. Havelock defeated 10,000 rebels on the road to Lucknow. British loss triffing. NEW YORK, Sept. 28.-There is a panie in the stock market. Philadelphia, Sept. 28.-Business is deranged by the vacillating course of the banks. ST LOUIS, Sept. 26.-J. J. Anderson & Co., and Darby & Barksdale, Bankers, have suspended. NEW ORLEANS, Sept. 28 -Cotton, sales 400 bales -easier; Receipts 8300 bales; Flour $5 50 to 6 00; Corn 70; nothing doing in freights; other articles unchanged; Exchange nominal. Deaths during the week 103. FURTHER FOREIGN NEWS. NEW YORK, Sept. 28.-Hyderabad was quiet on the 14th of August. It was expected that Delhi would soon fall. Gens. Havelock and Neil were advancing upon Lucknow. Three regiments of Bengal native infantry revolted and fled to Reeve river. They were pursued by General Floyd, and 800 of the mutineers killed. The mutineers also were routed at Juibalpore and other places. Mutineer's plots were discovered at Benares and Hamulock. Sir Colin Campbell has assumed command. Nena Sahib's attrocities at Cawnpore beggar description. He massacred 400 persons, including 70 wolden and 120 children. The Court-yard fronting bis head-quarters was swimming with blood. Sahib escaped, but subsequently drowned himself and family. NEW YORK, Sept. 28 -There is no truth in the reports of the failure of Clark, Dodge & Co., and Phelps, Dodge & Co. The Metropolitan, Republic, Merchants', Ameri C D Exchange, Union and Phoenix banks have issued circulars stating their intention to maintain a specie basis. The Norfolk and Richmond Banks are firm. The Staunton bank and bank of the Valley of Virginia have suspended. NEW YORK, Sept 28.-Money very stringent. The Banks are firm. Some very heavy failures are reported. ALBANY, Sept. 28 There has been a run upon the Savings bank by small depositors. BOSTON, Sept. 28-The Suffolk bank refuses to redeem the bills of New England county banks NEW YORK, September 28, P. M.-Cotton is dull. Flour $5 10 to $5 25 Wheat has declined 6 to 10 cents. Corn is offered at 70 cents. Park has declined 10 cents. Chicago Beef has declined 25 cents Bacon, 12c. for hame, and ile. for shoul ers. Whisky, 24c. Coffee quiet. Sugar heavy. PITTSBURG, September 28.-Every bank except the Pittsburg Bank, have suspended. The officers of the banks adopted & resolution to the effect that a & mporary su-pension of the payment of coin was necessary to protect business men. The excitement has nearly subsided, CINCINNATI, September 28. Business is paralized. Exchange on the East, in sums of $5000, is

3. September 30, 1857 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, September 30, 1857

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The bills of the Hopkinton Bank of Rhode Island are refused at the Suffolk Bank. Philadelphia, Sept. 28.-The Governor has not decided between the banks, and there is a pressure for and against calling a special session. The silk house of Messrs. Curtise & Co., on Chestaut street, has been robbed of eight thousand dollars. There is still no concert of action among the banks. They commenced paying five dollar bills, but at 11 o'clock the North American Bank, which had previously redeemed all notes, suspended specie payments, and the course will now become universal. NEW YORK, Sept. 28.-The money market is very stringent, but the banks remain firm in their position. Some very heavy failures are reported. Advices from Albany mention a run upon the Savings Department by small depositors. There is no pressure clsewhere, and the bill-holders and banks are quiet and confident. Rumored Failures.-Clarke, Dodge & Co. and Phelps, Dodge & Co., entirely untrue.Exchange on Philadelphia 10 per cent. Rates for money on street, some cases 6 per cent. per month. The Metropolitan, Republic and Merchants Bank of New York, Mechanic, American, Exchange, Union and Poenix banks have issued circulars assuring the public of their ability and determination, to maintain a specie basis for their circulation, and exp: essing the opinion that the tendency of specie and produce to this point will soon relieve the banks of the present pressure. NORFOLK, Sept. 28.-Some feeling is manifested here about the Baltimore and Philadelphia suspensions, but the banks so far have remained firm. CINCINNATE, Sept. 28.-The excitement consequent upon the continued unfavorable advices from the east paralyze business and the attention of business men is entirely turned from the ordinary routine to the all absorbing question of the latest news from the East. The paper of an iron and shoe and leather establishment went to protest, and J. H. Holmes, Manufacturer, has made an assignment. None of them, however, are insolvent. J. J. Anderson & Co., and Darby & Barksdale, Bankers of St. Louis, have suspended. The Nashville Bank, of Nashville, Tenn., has also suspended. The Bank of Washington and Patriots Bank, which paid only small sums en Saturday, have now altogether suspended. The Savings Banks pay either in City Banks or Virginia money, and demand the6 days notice from depositors. Virginia money is at a discount of 5 per cent., and the tendency is still downward.

4. September 30, 1857 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, September 30, 1857

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The bills of the Hopkinton Bank of Rhode Island are refused at the Suffolk Bank. Philadelphia, Sept. 28.-The Governor has not decided between the banks, and there is a pressure for and against calling a special session. The silk house of Messrs. Curtise & Co., on Chestmut street, has been robbed of eight thousand dollars. There is still no concert of action among the banks. They commenced paying five dollar bills, but at 11 o'clock the North American Bank, which had previously redeemed all notes, suspended specie payments, and the course will now become universal. New YORK, Sept. 28.-The money market is very stringent, but the banks remain firm in their position. Some very heavy failures are reported. Advices from Albany mention a run upon the Savings Department by small depositors. There is no pressure clsewhere, and the bill-holders and banks are quiet and confident. Rumored Fuilures.-Clarke, Dodge & Co. and Phelps, Dodge & Co., entirely untrue.— Exchange on Philadelphia 10 percent. Rates for money on street, some cases 6 per cent. per month. The Metropolitan, Republic and Merchants Bank of New York, Mechanic, American, Exchange, Union and Poenix banks have issued circulars assuring the public of their ability and determination, to maintain a specie basis for their circulation, and exp: essing the opinion that the tendency of specie and produce to this point will SOOD relieve the banks of the present pressure. NORFOLK, Sept. 28.-Some feeling is manifested here about the Baltimore and Philadelphis suspensions, but the banks so far have remained firm. CINCINNATE, Sept. 28.-The excitement consequent upon the continued unfavorable advices from the east paralyze business and the attention of business men is entirely turned from the ordinary routine to the all absorbing question of the latest news from the East. The paper of an iron and shoe and leather establishment went to protest, and J. H. Holmes, Manufacturer, has made an assignment. None of them, however, are insolvent. J. J. Anderson & Co., and Darby & Barksdale, Bankers of St. Louis, have suspended. The Nashville Bank, of Nashville, Tenn., has also suspended. The Bank of Washington and Patriots Bank, which paid only small sums en Saturday, have now altogether suspended. The Savings Banks pay either in City Banks or Virginia money, and demand the6 days notice from depositors. Virginia money is at a discount of 5 per cent., and the tendency is still downward.

5. October 1, 1857 The Davenport Daily Gazette Davenport, IA
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.

6. October 3, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 3, 1857

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the storm. deposits Another caused of potent course reason by the ringency had of one. money are autistied market. that the fall reisby property no of Mr. Finishan We of the firm and the private description. it may the patie time realize upon they C&D. exercise The arett ample meet every butle held everybody meeting officers of the Milwaukee banks & would reThe evening, and agreed that they depositors on Saturday in payment of debts, and pay out to of Wisconceive and check-holders all the banking currency sin, without has been an exception. brought in the Common Pleas, and by Suit Linebaugh, against the Ohio Insurance the Trust Samuel Company, and the assignees, to vacate assignments and appoint & Receiver: The Norwich Aurora says: The Norwich banks are cautiously very possible curtailioztheir fa citity circulator. to the same time With they capital are offering stock of over $1,700,000, amount they which have customers. an aggregate circulation eight of only hours $425,000-an !fevery dollar of it trouble should they could provide be presented at none, their for and counters. in are taking They every have precaution yet had no to fortify themselves ard danticipate against any and every contingency. The Rocbester Novelty Works Company has made bene. assignment of all effects to IraL Otis, for the stock an of all creditors without preference. This manufacture was a fit engaged for several years in the dealers of hard ware company, and numerous useful articles sold to in The all parts Chicago of the Tribune country. states that several of the banks of that city have entered into an arrangeleading to advance currency, for the purchase of grain, bank ment taking the bills of lading in the name of the account making the advance and selling the grain on the conthe home purchaser. Dean Richmond is the of signce at Buffa'o, and A. H. Hovey, of Syracuse, consignee at Osewego. The Philadelphia North American says: In the monetary circle ives there slowly is little Some or no of the change banks for are the better, tending and their business lines rates of for rev discounts, prime paper but ranges money is 1122 still ₽ very cent scarce within per month. and the street Several additional failures have been announced the last day CI From The Albany Evening Journal. of businees, from stimulus the Atlantic of Rock Island Bridge, will feel the and Docks to the by the New York banks of of the Every discounts department $3,000,000, farmers the increased of the like amount by the banks of Boston. The there will get West will wagon their debts-they in their wheat-the will make merchants remittances importers to the New- will pay upon jobbers-and payment by these to the us in EuYork out something of the score against their sai's for eventually wipe vessels on the lates will now spread will again be the rope. flight eastward, The loaded with food-the Canal and ear and hoat active hurry to channel avert the of 1 crowning beneficeat disaster commerce, and of a corn "monetary crisis, al a value want of silver bread has to feed and the as poor. the cost Wheat of moving than 100 the bushels price of either of exfrom change Chicago for $100, to Buffalo grain was had naturally become less made a substitute for the money From The Philadelphia Ledger, Oct 2. are turned to New- York and Boston, and All eyes is hourly asked, Will their banks suspend the question hope not, and we have the m lost positive that We sincerel the papers and banks themselves in both cities the most ances by The New- York banks are stimulated by specie they will not incentive of self preservation to maintain suspension pay. powerful The Constitution of the State makes a legislative ments. of cbarter. They are recond the reach of specie forfeiture coupled with the fact that there never were induces aid. This New York. the term is understood here, avowing payments believe that the banks will be able to keep from for coin, DA TO insolvency. whatever may be their acts. But as of the their New York knows there is scarcely anything everybody in kind mingled ith the currency. It is paper, and very nasty down to the smallest sump. Still, it adjusted is nominally that paper, point, and all its exchanges are on made specie-paying basis. Efforts of the most strenuous character are being to maintain Two or three this position. quite large failures here were announced yes. one in groceries, one in the West India and South of American terday- trade, and one in dry goods. The announcement the several facts created some little eitement, but the com. munity has become so used to such occurrences with the last few weeks that they have ceased to command attention longer for a very few hours. The effect will probably be to conthan tinue the stringency of the money market, and perhaps add the stock of protested paper held by the banks At present there is little doing in bills on the street. There is money enough in the hands of capitalists, but borrowers having lost credit. have nothing to buy it with. We see no end to the present distress and embarrassment until we have a resumption of specie payments. be that period near or remote. From The St. Louis Intelligencer. The news from Philadelphia and Baltimore was not its effect ou the money market yesterday, It was not boisterous without nor vehement, nor did it exhibit itself in any run the banking houses with which most of the business of our upon citizens has been transacted, but still more money was drawn out than the legitimate purpose of individuals required. The consequences were that the house of Darby_8 Barksdale closed about 10 o'clock, and very soon thereafter that of J.J. Anderson Co. closed it doors. We refer our readers to the cards of the members of the two houses in this paper. We confess it grieves us to be called upon to make the publication of the suspension of any bauking house in this city: we think they would be able to stand up under the sudden and unusual change in all the business relations of the country, but they have not: and now. in reference to these houses, we have a word or two to say. to relieve those who have accounts with them. Messrs. Darby Barksdale say they bave a half million of dollars, of their individual fortunes, to fall back upon to their depositors. We believe this; we believe it 18 true to the letter. and if the business of the banking house is not inflicient to meet their liabilities, then they will scrupulously pay every cent that they All that they want a little time to arrange their affairs, necessarily semewhat deranged by the effort to pay 80 large an amount of posits in so short a period. There should be no apprehension in regard to solvency of this house, nor that they will come out of this disaster with their fortunes very little, if at all, impaired. The house of J., Anderson & Co. is in & condition aich li make the payment of every deposit, to the very last cent, as certain 38 anything can be. Its resources are abundant, and if the depositors are disposed to extend the little indulgence which isnecessary-and they ought to do 80 without hesitation- there will be no culty whatever in the resumpWe we know whereof of its business. we tion and speak stake reputation upon it, that not a dollar will be lost to any by this house. We can have no reason to deceive our readfriends- all of whom are presumed to put more or less confidence in our assertions-an we tell them plainly that the house of J. Anderson & Co. is abundantly able to discharge allclaims against and resume its position as one of the most liberal Banking Houses in St. Louis. Its present embarrassment is owing, in a great measure, to a desire to protect the credit of our city, and not to any illegitimate speculations. We repeat that not dellar will he lost by any deposit or, or any other person having business connection with this house. STEUBEN COUNTY BANK, Sept. 26, 1857. To the Editor of the Steuben Farmers' Advocate. emal at trust

7. October 5, 1857 The Day Book Norfolk, VA
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.

8. October 7, 1857 The Burlington Weekly Hawk-Eye Burlington, IA
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

9. October 7, 1857 Weekly Council Bluffs Bugle Council Bluffs, IA
Article from Weekly Council Bluffs Bugle, October 7, 1857

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Telegraphic News. PITTSBURG, Sept. 29th All banks except one have suspended, but will resume when eastern banks do BALTIMORE, Sept. 29.-No change in money matters-5s only redeemed. PROVIDENCE, Sept. 29.-The Banks have resolved to suspend specie payment, yet their liabilities are only 25 per cent. of their capital. PHILADELPHIA, Sept. 29.+The Governor has issued a proclamation for an extra session of the Legislature to subserve the financial and commercial interests of the State. Pennsylvania bank has resumed. NEW YORK, Sept. 29.-Owing to a decrease in loans, specie, deposits and eirculation & meeting* of bank Presidents took place and resolutions passed to extend discounts 3 per cent. the coming week, which will make in the aggregate over $3,000,000. St.Lóuis, Sept. 29.-Bogy, Miltenberger & Ga, bankers, closed doors this a. m., assets ample. Banks in general discounting liberally. Anderson & Co., and Darby & Barksdale will soon resame. Bank of Nashville, Tenn. (will resume) Farmers' Bank, Elisabeth City, N. C., (will resume.) Bank of Commerce, Greytown, D. C., (will resume.) Farmers' & Mechanics' Bank, Greytown, D. C., (will resume.) (The Burlington, Cumberland & Salem banks have all syspended specie payment.

10. October 15, 1857 Glasgow Weekly Times Glasgow, MO
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.