Winslow, Lanier & Company (New York, NY)

Episode Information

Episode UID
1063170694
Episode Type
Suspension → Reopening
Bank Type
broker
Bank ID
106317 routing
Routing Number
1-0631
Start Date
October 17, 1857
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
31d9865181c4731f

Response Measures

None

Description

Contemporary reports state the house suspended Oct 17, 1857 due to panic but was solvent and resumed payments Oct 31/Nov 1.

Events (2)
1. October 17, 1857 Suspension
Cause
Macro News
Cause Details
Temporary suspension driven by the wider 1857 financial panic and attendant panic/misapprehension about immediate drafts; house described as solvent with large surplus.
Newspaper Excerpt
Winslow, Lanier & Co., have suspended and will go into liquidation.
Source
newspapers
2. October 31, 1857 Reopening
Newspaper Excerpt
The house of Winslow, Lanier & Co. resumed payment tomorrow. / The house of Winslow, Lanier & Co. resumed payment in full this morning, and will continue their business as usual.
Source
newspapers

Newspaper Articles (15)
1. October 17, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 17, 1857

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ty of raising money upon usual collaterate. These assets under any other state of the money market would have been abundant to meet three times its present liabilities, but are now entirely unavailable The house has never been a borrower, has not a piece of paper out and ewes nothing but balances due its correspondente, principally at the West. Since the 1st of September it has paid over $800,000 of deposits. Within the past three months its means have been invested in strictly first-class commercial paper and on call loans with stock collaterals. These call loans are not responded to and a large amount of the paper is in & state of surpension. In this state of things with their large means locked up in suspended but to & large extent eventually good assets, Measrs. Winslow, Lanier & Co. have been unable to meet the drafts of their correspondents. They have been gradually winding up their affairs for a year past and will now go at once into liquidation, abundantly able to pay all their liabilities and leave a very large surplas. Messrs. Winelow, Lanier & Co. have for several years past been extensively and intimately connected with Western banking and railroad interests, and in that section especially, this announcement will be received with surprise and regret. All remittances received since their suspension, from their correspondents, will be held for their benefit, and all collections in the bands of the house will be delivered on the order of the owners. There is more tone in the street and & general resolution to look on the cheerful side of things, and to aid in every way in working the country out of its present embarrasements. Much time will be needed before the relief will be marked and permanent, and much financial disaster must yet be endured. The fury of the storm is passed, but there is yet a heavy ground swell, which may wreck many a fair bark. The feeling, however, is decidedly better. The discounting Banks were liberal to-day, in every case, as far as we could learn loaning the full amount of their receipts, and in some cases considerably more. In the street money on call is very scarce and obtainable only on choice securities. In the discount houses there is nothing doing. The nominal rate of first-class names is 3 P cent, but the transactions are too few and irregular to furnish & quotation. Capitalists were driven a few months since by distrust of stock securities, to employ their money in paper and they are now driven back again to stocks by the uncertainty resting on even the best mercantile names. There is more activity in bulion to day. Much of the gold by the Aspinwall steamer has been bought by the brokers at 1@2 P cent premium. American coin is selling at 1@3 P cent, with more demand than existed yesterday. Some considerable parcels have been taken for New-Orleans, Baltimore and Philadelphia, and for some interior banks. Notwithstanding this premium, the city banks are receiving considerable amounts on deposit over their countersin one case we heard as high as $60,000. The specie line of the banks has been undoubtedly considerably strengthened since the suspension, and it is thought show $6,500,000 to $7,000,000 in the average next Monday. The settlements at the Clearing-House were regularly made to-day. The amount of Exchange was emall-$9,364,435. The country money used in the settlements is deposited with the Metropolitan Bank, who issues certificates for it, which are used at the Clearing-House as the specie certificates of the Bauk of America have been. The following is the form of the certificate: $1.000. METROPOLITAN BANK. No. NEW YORK, Oct. 16, 1857. This certifies that the has deposited in this Bank One Thousand Dollars in the circulating notes of the Banks of the State of New-York. to be held in trust as special deposit, payable in the circulating notes of the Banks of the State of New-York on demand to any of the following Associated Banks only, viz: Bk. of New-York, Fulton Bank, Am. Ex. Bank, North Am. Manhattan Co Chemical Bk., Bk. Commerce, Hanover, Irving, Merchants' Bank, Mer. Ex. Bk., Bowery, Metropo'n, Mechanica' Bank, National Br. Broadway, Citizens, But & Drov., Ocean, Union Bank, Grocer's Mech. & Trad., Mercantile, Bank of America, Nassau. Greenwich, Pacific, Phenix Bank, East Rlv., Lea Manuf., Republic, City Bank. Market, North Kiver Bank. Sev'th Ward, Chatham, Nich's, Tradesmen's Bank, Bk of State, People's, Corn Exch'e Comunowealth, Oriental, Shoe & Leather, Continental, Atlantic, Park, Marine, Importers' & Traders' Bank, Artisans. On presentation of this certificate, indoreed by the Bank de. Cashier. mending payment of the same. $1,000. Vice-President. The above named banks. number. now con-

2. October 18, 1857 Nashville Union and American Nashville, TN
Article from Nashville Union and American, October 18, 1857

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BY TELEGRAPH. CINCINNATI, Oct 17.-Chase is elected Governor by over 1000 majority. All the ticket except Blickensderfer run ahead of Chase. NEW YORK, Oct. 17.-Flour buoyant. Wheat, white 1.371, red 1.271 Corn firm. Pork quiet.Whiskey 21c. Sugar steady. Beef 12a14c. Lard 14}a15. Linseed Oil unchanged. PHILADELPHIA, Oct. 17-The notes of all solvent banks of Pennsylvania except the Anthracite and Farmer's are taken on deposit. CINCINNATI, Oct. 17-Flour $4,40a4,50; Corn 40c.; Oats 30c.: Whisky 13tc. The failure of Winslow Lanier & Co., unsettled the feeling in regard to Indiana funds. LOUISVILLE, Oct. 17.-The Jeffersonville branch of the Bank of the State of Indiana refused to pay specie for its bills. SYRACUSE, N. Y., Oct. 16.-The mail train was thrown off the track, West of here, last evening. The baggage, mail and four passenger cars were crushe1. All the mail bags except one are lost. Miss Brown, of Toronto, was drowned. Mr. Brownson, of New Britain, Conn., died of his injuries today. Twenty other passengers were wounded-six seriously. NEW ORLEANS, Oct. 16.-Corron.-Sales, 2500 bales at 91@91. Sales of the week 15,000 bales. Receipts 3,660 bales. Stock 113,230. Decrease in receipts 60,000 bales-decrease at all ports, 101,860 bales. Red Wheat $1.05. Corn 75c. Coffee 10c. Nothing done in exchange. No run on the banks to-day. Confidence is returning. No failures re ported. The suspended banks anticipate an early resumption. Affairs easier. PHILADELPHIA, Oct. 17 -The report that the Bank of Pennsylvania had made an assignment is positively contradicted by & director of that bank. NEW YORK, Oct. 17.-The steamer Asia has arrived with Liverpool dates of the 3d. She brings thirty thousand dollars in specie. She passed the Europa on the afternoon of the 3d, the Baltic on the morning of the 5th, and the Persia on the afternoon of the 7th. Her dates are anticipated by the Vanderbilt. ST. LOUIS, Oct. 17.-Nothing doing in Wheat, tobacco or hemp. Oats 35@40. White corn 65. AUGUSTA, Ga., Oct. 17.-The banks here suspended this morning. CINCINNATI, Oct. 17.-The returns from all the counties in. Each party claims the victory. At a meeting of the brokers this morning, they resolved to receive at par notes of all the New Orleans banks, and all bills bankable at N. York, Boston, Philadelphia, Pittsburg and Baltimore. This caused much improvement in the money market. NEW YORK, Oct. 17.-Winslow, Lanier & Co., have suspended and will go into liquidation. They show a large surplus.

3. October 19, 1857 The Day Book Norfolk, VA
Article from The Day Book, October 19, 1857

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Suspensions. NEW YORK, Oct., 17.-Messrs. Winslow, Lanier & Co., extensive bankers, have suspended. They will go into liquidation, as they have a large surplus above their liabilities. AUGUSTA, Oct. 16.-All the Banks here suspended this morning.

4. October 19, 1857 Wheeling Daily Intelligencer Wheeling, WV
Article from Wheeling Daily Intelligencer, October 19, 1857

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MONETARY AFFAIRS. CINCINNATI, Oct. 17.-At a meeting of the Bankers this morning, it was resolved to receive at par notes on all the New Orleans Banks and all the Banks that are bankable in New York, Boston, Philadelphia and Pittsburgh. THE caused much improved feeling in the money market. New Your, Oct: 17.--Winslow, Lanier & On: have suspended. They will go into quidati. n and have a large surplus, PHILADELPHIA, Oct. 17.-Some alarm was occasioned by the report that the Penna. Bank had made an assignment. The runor positive lv contradicted by a Director, who declares such a notion has never been broached in the board, nor entertained bv any members of the board now in session. They will probably give an official contradiction. NEW ORLEANS, Oct. 17.-The run on the city Banks has subsided and confidence in their sta bility being restored. Affairs have assumed a more cheerful appearance and the money market is ensier. The free Banks that suspended specie payments, anticipato an early resumption. No failures reported. There is still nothing doing in exchange. ACGUSTA, GA., Oct. 17.-All the banks of this city suspended this morning. PUILADELPHIA, 10 p. m.-The notes of all solvent banks before suspension in this State, excepting the Anthracité Bank of Tamaqua and Farmers of Lancaster, are now taken on deposit in all the Banks of Philadelphia and are paid out for their checks and notes. It is supposed arrangements will be made, also to take any Penna. and Virginia notes. Virginia notes are nt a discount of 1 to 10 per contuni. LOUISVILLE, Oct. Jeffersonville Branch Bank of Indian refused specie for its bills. CINCINNATI, 10 P. M.-The Brokers have had two currency meetings but arrived at no definite conclusions. BOSTON, Oct. 17.-Result of the Bank Directors meeting to day authorizes an increase of loans to the extent of three millions. Stocks better and more orders for investments com ing in.

5. October 19, 1857 Daily Nashville Patriot Nashville, TN
Article from Daily Nashville Patriot, October 19, 1857

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BY TELEGRAPH. BY THE NATIONAL LINE. [Reports Furnished by the Associated Press.] STRACUSE, N.Y, Oct 16-The mail train Was thrown off the track, west of here, last evening. The baggage, mail, and four passenger cars were crushed. All the mail bags except one was lost. Miss Brown, of Toronto, was drowned. Mr. Brownson, of New Britain, Conn., died of his injuriesto-day, Twenty other passengers were wounded; six seriously. NEW Orleans, Oct. 16.-Cotton sales, 25000 bales at 9t a 91 Sales of the week 15000 biles. Receipts, 3,660 bales; stock, 113.230, Decrease in receipts, 60,000 bales. Decrease at all ports, 101,860 bales. Flour 5.25; Red Wheat 1.55; Corn 65; Coffee 10. Nothing done in exchange. No run on the Banks to-day; confidence is returning. No failures reported. The suspended Banks anticipate an early resumption. Affairs easier. Philadelphia, Oct. 17.-The report that the Bank of Pennsylvania had made an assignment is positively contradicted by a Director of that Bank. The steamer Asia has arrived with Liverpool dates of the 3d She brings thirty thousand dollars in specie. She passed the Europa on the afternoon of the 3rd. The Baltic on the morning of the 5th and the Persia on the afternoon of the 7th. Her dates are anticipated by the Vanderbilt. Sr. LOUIS, Oct. 17.-Nothing doing in Wheat, Tobacco or Hemp. Oats 35a40. White Corn 65. AUGUSTA, Georgia, Oct. 17.-The banks here suspended this morning. CINCINNATI, Oct. 17.-The returns from all counties are in ; each party claim the vietory. At a meeting of the Bankers this morning, they resolved to receive at par, notes of all the New Orleans banks, and all bills bankable at New York, Boston, Philadelphia, Pittsburgh and Baltimore. This caused much improvement in the money market. NEW YORK, Oct. 17.-Winslow, Lanier & Co., have suspended and will go into liquidation. They show a large surplus. RICHMOND, Oct 17.-The Custom House robbers, Wheeler and Somerville, have been arrested and a portion of the money recovered. WASHINGTON, Oct. amount in the Treasury subjectto draft is $12,896,831. NEW YORK, Oct. 17.-The Tribune has a despatch which says that Alexander Ramsey, the Republican nominee for Governor of Minnesota is elected and the whole Republican ticket successful. Iowa, Oct 17.-Twenty seven counties heard from, indicate that the Republicane, have elected, their ticket by 30,000 majority. BOSTON, Oct. 17.-The Bank Directors held a meeting to-day, and authorized an increase of loans of $3,000,000.

6. October 19, 1857 The New York Herald New York, NY
Article from The New York Herald, October 19, 1857

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Suspensions, Extensions, Failures and Assignests Reported since Wednesday, Oct 14. Front & Forrest, "cordage," New York; connected with New Orleans, and had large engagements of sugar. 8. & F Lawr, nee, dry 8 ods, New York, suspended. Bunn, Raiguell & CO, Philadelphia. Winslow, Lanier & Oo. bankers and brokers, New York, suspended. Largely connected with Indiana and other parts of the West. J a Edgerly & Co., grain dealers, Boston. Assets double the amount of their liabilities. Gregory, Tilton & Co., dry goods, Boston; ask an ex tension; have a sple means to pay in foll if not forced to secrides Tenny & Bill'ster, dry goods, Boston, suspended. Beldwis & Gillis. Bartsborn & Ames. J. W. Noy em Gage Warner & Whitney. These houses belong to Navhus, and ha 0 assigned their property to the Sounegan, Derry as and Indian Head banks, for the b ned: of sheir creditors Their assets are said so 10 be three times as great as their liabilities. be creditors of the Pactic Mile Com ,eny are granting the extension asked for. Holders of more than $100,000 of their paper have already called and acceded to the arrequement offered this is one of thelargest and bas. Coaduoted mills ID the country. sampson, Baldwin & Oo.. dry goods Boston, suspended. Another eport says they were "deaters in Yankee no tions" Ch ison, Gould & Co., furnaces and stoves, ask an exten sion. Curtis, Tobey & Sampson, dry goods jobbers, Boston, suspended. Another report calls the firm Cartis, Tobey & To D J. C Howe & Co. Boston, ask and will obtain an ex on sion. (They desire a renewal of their paper for Blx months, with interest. H. w. Derby "bock merchants," Circinnati, made an assignment.

7. October 20, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 20, 1857

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The Bank of the State. MR. EDITOR As your statement that Winslow, Lanier & Co. held large sums from the new and old State Banks is not correct as regards the new State Bank and may create an erroneous impression as right. regards the old, I beg leave to set you The new State Bank has not altogether over $40,000 in the hands of that house, which would be only $2,000 to each Branch, provided all had accounts with them. As the fact is, the largest balance held by them from any one Branch does not probably exceed $6,000 while on the other hand they own stock in all the Branches which kept an account with them, and in none in a smaller sum, I believe, than $10,000. As this stock is all paid in and is bound for any balances held by them, there could, in no event, be any loss. But as they are abundantly solvent. no loss could in the end occur even without estimating their stocks; and the amount they hold for the new Bank being SO small the temporary deprivation of it can give it no inconvenience whatever. To the OLD BANK their indebtedness is much larger; but the Branches having provided fully for their redemptions without regard to the balances in the hands of Winslow, Lanier & Co., will in sion. no degree be prejudiced by their suspenThe new State Bank can only preserve her franchises by maintaining specie payments, and being abundantly able to maintain them has decided to do it.Should a few Branches be unable to stand the pressure for redemption of their notes, still their suspension-should any occur-would not destroy the charter or effect the value of their notes. The other Branches would receive them in payment and on deposit as usual, and would be liable for their redemption should the suspended Branches themselves be unable to pay them in full. That the bank as a whole is very strong, and will sustain itself admits of no doubt, and no apprehensions should be felt in any quarter, even should a few of the banches most exposed be compelled temporarily to yield to the redemptions demanded of them. One word on another point. There are those who have urged that the new Bank ought to suspend to relieve the wants of the community by giving discounts payable in its own suspended notes. Such do not consider that a suspension would give the Bank no such power. Its functions as a Bank would cease, except in SO far as necessary to close up its business. The constitution settles this point. Hence, were the Bank at large to suspend, it would cease to exist, except as a Bank in liquidation. By maintaining specie paymenąs its rights will be preserved, and if properly administered it will become in the future what the Old Bank was in the past, a valuable aid to the business interest of the State. G. W. RATHBONE. In confirmation of Mr. Rathbone's statements we copy the following letter from the President of the Bank. BANK OF THE STATE OF Indiana,) Indianapolis, Oct. 17, 1857. To the Editor:-Messrs Winslow, Lanie & Co., of New York, are supposed by public to be intimately connected with the to Institution, and to be considerably indebte this our Branches for deposits. I take the lib erty of saying, that the total amount of thei indebtedness the to the branches of the Bank 18th inst. was about $40,000, which or amount is entirely secured by the stock of Mr Lanier in the branches. I regard Messrs. Winslow, Lanier & Co. although driven to a suspension by the their sure of the times, as amply responsible pres can this liabilities-but bank lose a. under no circumstance for al

8. October 21, 1857 Semi-Weekly Standard Raleigh, NC
Article from Semi-Weekly Standard, October 21, 1857

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More Suspensions in New York. New YORK, Oct. 17.-Winslow, Lanier & Co., extensive bankers, have suspended and will go into liquidation. They have a large surplus.

9. October 23, 1857 Wilmington Journal Wilmington, NC
Article from Wilmington Journal, October 23, 1857

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Winslow, Lanier & Co., extensive bankers in New York, suspended on the 17th inst., and will go into liquidation. They have a large surplus. Samuel Archibald, Chief Engineer in the U.S. Navy, has been promoted to the post of Engineer in Chief.

10. October 31, 1857 Evening Star Washington, DC
Article from Evening Star, October 31, 1857

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TELEGRAPHIC NEWS From the Associated Press Agent. Financial Matters, &c. NEW YORK, Oct. 30.-Nicholas Wolff. importer, with connections in Philadelphia and Germany. has suspended. The liabilities are heavy. The reported large arrival of the Bank of England acceptances per Persia is greatly exagerated. Sterling bills are firm. Exchange on Baltimore is 8½ per cent. discount. An examination into the condition ofthe Island City Bank of New York shows it to have been an infamous swindle, its assets consisting of only fifteen hundred dollars in coppers. Winslow, Lanier. & Co, resume payment tomorrow. Heavy failures in New Orleans are rumored in Wall street this afternoon. BOSTON, Oct 13-Thaver & Co., commission merchants, and Little, Alden, s Co., a drygoods firm, have suspended.

11. November 1, 1857 The New York Herald New York, NY
Article from The New York Herald, November 1, 1857

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FINANCIAL AND COMMERCIAL. MONEY MARKET. SATURDAY, Oct. 31-6 P. M. The stock market continues very irregular. The amount of daily business is large, but there is no decided movement in any stock, either upward or downward. At the first board to-day New York State 6's, 1873, advanced 1 per cent; do. 1865, 14; Erie bonds, 1871, 2; Pacific Steamship Company, 1; Erie Railroad, 1; Michigan Southern, preferred, 1; Panama, 1. Illinois Central bonds declined 14 per cent; New York Central Railroad, 2; Reading, 2; Illinois Central Railroad, 2; Galena and Chicago, 14; Cleveland and Toledo, Chicago and Rock Island,. There is no life in the market, and no new feature in the daily operations. The brokers of the board and the curbstone have the whole business in their hands, and it looks as though they would have a complete monopoly of it for some time to come. At the second board the market was much more buoyant. Illinois Central bonds advanced 1 per cent; Cumberland Coal, Erie, Reading,; Michigan Southern, old, 1; Panama, Cleveland and Toledo, 4. Galena and Chicago fell off per cent. The Assistant Treasurer reports to-day as follows:- Total receipts. $64,126 47 Total payments. 154,506 56 Balance. 5,403,396 54 Of the receipts to-day $37,234 11 were from customs. The Metropolitan Bank gives notice that the circulating notes of the Troy City Bank, heretofore discredited, will be received on deposit. The house of Winslow, Lanier & Co. resumed payment in full this morning, and will continue their business as usual. William Walcott, of Utica, has been elected treasurer of the Michigan Southern and Northern Indiana Railroad Company, and George H. Ford, of this city, as secretary and assistant treasurer, to reside at Toledo, as soon as the offices can be removed there. The Philadelphia Ledger of the 30th instant, says:- The State Treasurer has indicated very plainly to the banks of this State that he expects from them coin sufficient to pay the semi-annual interest on the State debt, due 1st of February next. In reply to a letter of inquiry from the cashier of one of the banks, the Treasurer says: "Under the power given to me by the fifth section of the suspension act, it is my intention to ask the banks to furnish the State with an amount of coin sufficient to pay the interest on her public loans; each bank to pay in proportion to its capital stock, and to receive from the State therefor its own notes, or the notes of other solvent banks. The sum required for interest purposes in January will amount to about $1,000,000. The capital stock of our banks amounts in the aggregate to about the sum of $25,000,000. If it be the pleasure of your Board to aid the State in her effort to pay the interest in specie, a draft on one of the Harrisburg banks will be received for the tax on your May dividend; if not, specie will be exacted for it, as well as for any of the notes of your bank which may hereafter be received at the Treasury." There seems from this to be no question as to the payment of the State interest in coin, or its equivalent. The semi-annual report of the Great Western Railroad Company, of Canada, states that the net revenue for the half year ending July 31 was £94,136, out of which a six per cent annual dividend on a paid up capital amounting to £3,324,144 was declared. The gross receipts for the year amount to £718,037, against £687,512 for the previous year. The working expenses are 53 per cent of the earnings. It was voted, after considerable discussion, to loan the sum of £150.000 to the Detroit and Milwaukie Railroad Company to aid in the completion of their line. Arrangements were made to repay a lean of £700,000 from the Canadian government, in four equal instalments, viz: July 1, 1858, January and July 1, 1859, and January 1, 1860. The road is represented as in good condition, and great confidence was expressed in its continued profitableness. The following are the receipts of the Morris Canal Company for the past week and season, as compared with the receipts to corresponding time last year:- Total to Oct. 13, 1856. $257,792 09 Week ending Oct. 25, 1856. 10,100 43 $267,892 52 Total to Oct. 17, 1857. $243,721 53 Week ending Oct. 24, 1857. 4,666 00 $248,387 53 Decrease in 1857 $19,504 99 At the annual meeting of the stockholders of the Orange and Alexandria Railroad Company last week, a committee recommended a suspension of work on the Lynchburg extension, in view of the necessity of raising $1,000,000 for its entire completion, and the pressure in the money market. After a long debate a resolution was adopted in favor of a continuance of the work, but leaving it at the dis-

12. November 2, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, November 2, 1857

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NEW YORK CORRESPONDENCE. NEW YORK, Oct. 26, 1857. F. Y. CARLILE, Esq.-Dear Sir: I have only time for a hasty letter by to-night's mail. There is nothing very new here in any way. There has been a steady drizzling rain for three days past, and business today, so far as out-door appearances went, was gloomy and dull. Whatever the newspapers may say, there is no perceptible improvement in financial matters. Indeed, there is reason to believe they are growing worse. We need but look to the low price of stocks and the fact that money can be had only in limited supply, on strictly first class names at from 2 to 2½ per cent. per month, to know that no ease is felt-that no relief has come. No important failures occurred to-day, either among bankers or merchants, yet this is not regarded as any evidence that failures are not yet to come. Gold which IS ruling so high in the West, is readily obtained here at from 1 to 1½ per cent. premium, and no great demand. The suspension of Winslow, Lanier & Co., proves to have been caused by panie and not by necessity. The house was under a misapprehension as to the drafts coming immediately upon them, and to prevent an advantage being taken to the prejudice of a ma jority of their depositors they concluded to suspend. It was a grievous mistake. No rush upon them was on foot, and the whole amount for which they were protested was $15,000-a sum so insignificant that it stems one of the wonders of the times that they should have been so deceived, as to the demands likely, at the moment, to be made upon them. From the 1st of Sept. to the 17th Oct.-the day of suspension-they had paid to depositors the enormous sum of over $800,000-a sum, the payment of which in so short a time, proved their great resources and ample means. At their suspension they were abundantly able to have gone on, and would have done so, but for an alarm that one or two large depositors were about to draw heavily on them, SO as to interfere with their immediate ability to meet their obligations equally to others. They have since suspension paid all drafts outstanding at that date as they came in ; and it is understood that in a few days they will resume e business as usual. It is certainly gratifying f to their Indiana friendsthat their affairs are 1 in so favorable a position, proving that the confidence in their ability and probity have S not been misplaced. The very fact that the e suspension (painful and mortifying as such a step must have been) was that the rights o y all their depositors should beequally protecty ed, is highly creditable to their character, and is will, when understood, strengthen rather than weaken the confidence felt in them l both by their old customers and by the pub. ir lie. From a confidential exhibit of their at d fairs made to their principal depositors, they ce show a reliable surplus over their liabilities of more than $1,500,000. of I expect to remain here a day or two long er, and if leisure permits will write again.0 In mean time, I remain, II Yours truly, G. W. RATHBONE.

13. November 2, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, November 2, 1857

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cent, for which certifia scrip dividend of twelve cates will be issued on the 1st of January; to redeem the remaining portion of the scrip of 1851, in cash, on the 1st of January, and to add 219 to the present reserved capital of the Company, thus increasing it to more than $1,200,000 The Metropolitas Bank again receives the notes of the Troy City Bark. The business of the Clearing House was $9,287,263 Co. have issued the anMessrs. Winelow, Lanier nexed circular this morring: BANKING OFFICE OF WINSLOW, LANIER & Co., No. 52 Wall street, NEW-YORK, Oct 31, 1857. We take greatplessure in advising you that we have this day resumed cash payments and our regular business. & heretofore. We will not now attempt & detail of the causes which led to our temporary suspension. It is sufficient to say they were beyond centrol No one can realize the true tate of things that existed here but those present and conversent with the same. We respectfully request that you will continue your account with as as heretofore, and that our business relations may be resumed. Our principal correspondents have continued their remittances, and drawn on us 88 usual with unimpaired confidence. With & few immaterial exceptions, we have continued paying all checks on us as usual. Very respectfully, WINSLOW, LANIER & Co. The following are the receipts of the Morris Canal Company for the past week and season, as compared with the receipts to corresponding time last year: $257,792.09 Total to Oct. 18, 1856. 267,892 52 10,108 43Week ending Oct. 25, 1856 243,721 53 Totalto Oct. 17, 1857. 53 248,387 4,676 00Week ending Oct. 24, 1857 $19,504 99 Decrease in 1857 The copartnersh P heretofore existing under the firm of Wainwright & Norris has been dissolved. Mr N rris, who was & short time since ucanimously elected & member of the Board of Brokers, has associated himself for the transaction of & commission business in stocks, bonds and paper with Mr. 0 D Asbley Mr. Ashley was for several years President of the Boston Board of Brokers, over which distinguished body he presided with great dignity and success. Mr. Ashley has recently removed to this city, and will prove $ most valuable acquisition to the street. No man for honorable dealing and general financial intelligence bears 8 higher reputation in Bostom than Mr. Ashley. At Philadelphia, there is little or no alteration in the Money market, and but little paper passing in the month. cent street under 2@3 At Baltimore, there is no change in the condition of financial affairs. Money is still tight, and the rates on cent the street for discount still range at 2.21 month. The floating debt of the Pennsylvhnia Central Rail road is stated to be about three quarters of & million of dollars, about one half as large as it was reported to be a morth age. The St. Paul Advertiser says at the present time there is not less than $600 of overdue and protested paper deposited by Eastern creditors in the banks of that city; that the indebtedness in St. Paul to banks alone due or to become due in the next six months, is $750,000 more; while the Eastern indebtedness of the merchants and others to mature in the same period is $1,200,000 Taat is, the city owes $2,500,000, of which $1,500,000 is due to the East. Other towns in the Territory are similarly involved. The officers of the Connecticut Banks propose to hold & Convention at Hartford next Monday, to take into consideration 8 plan for separation from the Suffolk Bank, and to see what they can do to help their customers. The weekly statement of the Treasurer of the United States up to the 26th inst, is as follows $9802,227 17 Amount subject to draft to 28th Oct -830,328.78 Reduction from previous week 441,192 78 Amount of recepts during the week 1,245,676 86 Diafts returned paid 1,271,521 50 Drafts issued The following are the amounts subject to draft at the time, and on deposit at the office named: $239,833.00 Oct. 24 -Treasurer U. S, Washington, D C 61.089 13 Oct. 24-Assistant Treasurer Boston Mass Y 514,216 63 Oct. 24.-Assistant Treasurer, New York, N. 26,535.98 Oct. 4-Assistant Treasurer, Philadelphia, Pa 32,838.03 Oct 17-Assistant Treasurer, Charleston, 8 C 312,585.47 Oct. 7-Assistant Treasurer, New-Orteans. La 1,068,009.63 Oct. 17-Assistant Treasurer St Louis, M 787485 Oct. 24.-Depository at Baltimore Md 80 710 82 Oct. 24-Depository at Savennah, Ga 9,992.51 Oct. 24.-Depository at Pittsburgh The carrying trade between tidewater and the coal regions instilla good deel depresséd and is not likels

14. November 6, 1857 Evening Star Washington, DC
Article from Evening Star, November 6, 1857

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Why are persons blind from birth unfit for carpenters? Because they never saw. J. W. & H. M. Diggins, daguereotypists, of Louisville, Kv., have been arrested for photographing bank notes. many as 111 arrests were made in New York during the twentyfour hours ending at noon on Friday. The body of a dead man was found :on Thursday, in the wheelhouse of the steamer E. A. Ogden, at St. Louis. It is not khown how it came there. About two hundred and sixty packages of unclaimed baggage in charge of the Lake Shore Railroad, at Buffalo, were sold at auction on the 2d instant. Mr. Langworth, the greatest real estate owner in Dubuque, 10., a few days ago visited all his tenants and voluntarily reduced their rents 33 ½ per cent. The workmen in the Railroad shops at Syracuse have organized themselves into a Food Purchasing Association. They send into the country to buy provisions from the farmers. Moses Hammond. a convict in the house of correction at Dedham, Mass., escaped from the Institution on Friday, by climbing over the prison walls, aided by the lightning rod and then leaping from the outer walls. A great ploughing match came off on the 25th ult., at Mimilo viliage, Dundas, Can. The first prize. a set af harness valued at twenty pounds; was won by Thomas Davidson of York Township. The resumption of cash payment by the important house of Winslow, Lanier, & Co., of New York, has given pleasure in business circles and is looked upon as the precursor of other resumptions. ID" The citizens of Flint and other towns in Gennessee county, Michigan. have been moved to the appointment of a vigilance committee to keep in check the spirit of lawlessness and violence which has tately been exhibited in that place. 4 Joseph C. McKibbin. one of the parties who tried, a few days ago, to shoot a man named Craig, in Pennsylvania, for the seduction of his sister, has published a card In the Philadelphia papers, saying he needs no justification, and would have done right if he had killed him. A HARD WINTER.-The pinching times we are having is shown by the fact that fifteen families, numbering about eighty persons, mostly foreigners, were admitted to the almshouse in Grafton, Mass., a few days since, and more applications have been made. The Rev. Dr. C-- of New York, is as noted for his wit as for his eloquence, one of his friends recently remarked to him that the "currency was deranged. "I should think it was," replied the doctor, for we hear that ten mills do not now make one cent "-Boston Transcript. SINGULAR DEATH-1 Savannah News learns by a leter from Crawford county, Ga., thata Mrs. Eubanks, 01 Knoxville, Tenn., was accidentally killed a few days since by a pet calf. The calf, in running at a dog in the yard, accidentally ran against Mrs. E., injuring her SO much that death soon ensued. OTHELLAN -Quite an excitement was created last week in London, Ohio, by the appearance of a well-dressed stalwart negro, bringing with him a delicate and apparently weak-minded white girl, who had eloped with him. They were about to be married, when the landlord of the hotel at which they stopped Interfered, turning the negro away, and sending the girl back to her friends Sandwiches, when well made, are not only provocatives. but destroyers of hunger. Major Freas, of the Germantown, Pa., Telegraph gives the following recipe for making them :Rub one tablespoonful of mustard flou. into half a pound of sweet butter; spread this mixture on thin slices of bread; from a boiled ham cut very thin slices and place a thin slice of ham between two slices of the bread prepared as above, cut the sandwiches in a most convenient form, and serve. NEWSPAPER ON A STEAMER - daily paper is to be printed on the Great Eastern on her sea voyages. The local items will be something original in their line. For instance: "This morning bumped a whale on the head " "There was a serious collision and smash up between a shark and sword fish. about three o'clock. Our reporter was promptly on the spot, but could not learn which was to blame " "A fly ing fish passed up in something of a hurry, closely attended by a dolphin, which seemed to feel an anxious interest in the aerial voyager, &c., &c. ID The weight of the Minie ball is about one and a half ounces, and the weight of powder for a charge about one-tenth as much. The cartridge is 80 constructed that, encased in paper and greased by dipping it in tallow. it slips easily into the barrel till it arrives at the charge. In this respect, the Minie has greatly the advantage in saving.of time and

15. November 11, 1857 The Burlington Weekly Hawk-Eye Burlington, IA
Article from The Burlington Weekly Hawk-Eye, November 11, 1857

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RESUMPTION OF PAYMENT BY Wisson, LA. NIER & Co.-A fortnight ago, this day, we an. nounced, with much astonishment to the pabria, as it certainly was to the newspaper reporters, the stoppage of payment by the well-known private banking firm of Winslow, Lanier & Co. We have now the pleasure to state, on competent authority, that the house will resume payment, in full, to-morrow (Saturday) merning, not only for the purpose of meeting promptly all existing engagements, but with the intention of continuing their regular business, as though no interruption had occurred, as indeed, mone ought to have occurred, two weeks ago. The suspension of the house with large and unques tioned means being one of the many disagree able, and under all the circumstances, disheart ening incidents of an extraordinary condition of money affairs-Inductrating the intensity of . panic which forced wealthy money-lenders to become borrowers, in turn, or step pay moutwe take it that their recumption will now be viewed by the public as an indication, the first of the kind since the panic season, that better times are in store for the usfortunate, and that all's not lost of private credit which seemed is danger.-(N. Y. Times, 31st ult. W sda no