10832. State Bank (St Louis, MO)

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: state
Start Date: October 15, 1857
Location: St Louis, Missouri (38.627, -90.198)

Metadata

Model: gpt-5-mini
Short Digest: ec55bd81

Response Measures

Accommodated withdrawals, Full suspension

Other: Bank referred to in articles as 'State Bank' or 'State Bank of Missouri'; ran Oct 15 then suspended Oct 26, 1857.

Description

Contemporary articles report a heavy run on the State Bank around Oct 15, 1857, and the bank's suspension on Oct 26, 1857 along with other St. Louis banks. No article clearly states a permanent failure, receivership, or later reopening for this bank, so I classify as run -> suspension with outcome unsure. Corrected bank name to 'State Bank of Missouri' as referenced in multiple articles.

Events (2)

1. October 15, 1857 Run

Cause: Macro News
Cause Details: Heavy withdrawals triggered by the national financial panic of October 1857 and news of eastern bank suspensions; contagion from failures elsewhere led depositors to demand specie.
Measures: Bank kept doors open beyond usual hours and paid out specie during the run to meet demands.
Newspaper Excerpt: A heavy run was made on the State Bank all the morning.
Source: newspapers

2. October 26, 1857 Suspension

Cause: Macro News
Cause Details: Suspension occurred amid the broader Panic of 1857 and following runs and suspensions of other banks; cited as suspending Oct. 26 along with other St. Louis banks.
Newspaper Excerpt: The State Bank of Missouri, the Merchants' Bank, and the Southern Bank suspended this morning.
Source: newspapers

Newspaper Articles (16)

1. October 9, 1857 The Daily Gate City Keokuk, IA

Article from The Daily Gate City, October 9, 1857

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The Panic in St. Louis. The Republican of Tuesday says: "It needed only the stoppage of the banking house of James H. Lucas & Co., to wind up the financial horrors with which this city has been overwhelmed within the past three weeks. Business houses have suspended, to the surprise of every body; banking houses, supposed to be equally sound with that of Lucas & Co., have gone down, and confusion has been increased; but when the house of James H. Lucas & Co. was forced to suspend yesterday by the continual run upon it, as regular the rain which fell throughout the day, men were amazed and searcely knew what to think. The case is an extraordinary one. For at least thirty days the house had endured a regular, ceaseless draft upon it for coin. There was not a man, in all probability, who did not believe that his money was perfectly safe with them, but the great majority of depositors, either to answer the importunities of friends or to be sure that the gold was within their elutches, resolved to check it out, and it was done.We assume that a million of dollars of current deposits were thus extracted by little, and little, and yesterday between one and two P. M. the doors were closed. "It is not extravagant to say, that Mr. Lucas has an estate worth four millions of dollars, and the other members of the house can add a million or two more to it, SO that in no event can any loss be sustained by depositors. "The house in New York also suspended yesterday." On Monday there was a large meeting of Merchants on Change, at which resolutions in favor of taking and passing Illinois ourrency at 10 per cent. discount, and recommending a generous confidence in each other, were offered and referred to a committee composed as follows: Gen. Ranney, N. Wall, D. A. January, W. Crow, John Hogan, John How, Edward J. Gay, L. c. Garnier, James H. Lucas, Geo. Partridge, Wyllis King, Chas. L. Tucker, J. A. Browniee, R. M. Funkhouser, Gerard B. Allen, and J. H. Oglesby. This committee was instructed to report on Tuesday. Mr. Henry, Bank Commissioner of Illinois, was present and made a speech. said the object of his visit to Missouri was to concert measures for rescuing Missouri bonds from the disastrous depreciations they had recently suffered-a depreciation which was itself the cause of the depreciation of Illinois bank paper. Illinois currency was secured by State bonds, the greater portion of which were Missouri's. He stated the circulation of the Illinois banks at this time to be $5,500,000, secured by $7,900,000 state bonds, of which $4,900, 000 were Missouri bonds. He thought Missouri ought to suspend the further issue of bonds for the present, and re-commence the establishment of a clearing house in St. Louis for the redemption of Illinois currency. John Hogan deprecated the absurd adherence to a specie business when no specie was to:bahad, oursed the men whohoard gold and silver, recommended the restoration of confidence, and asked why Illinois currency would not buy produce in St. Louis as well as in Chicago. The Republican says the Committee met in the afternoon and was found to be equally divided on the proposition to adopt a par valuation instead of the standard of 10 per cent. discount. After the suspension of Lucas & Co. at 1 o'cloek, there was a slight run on other houses: and quite a erowd gathered at the State bank, anxiously converting fits paper into gold. A further run was anticipated on Tuesday, butit was hoped that & majority of

2. October 16, 1857 Nashville Union and American Nashville, TN

Article from Nashville Union and American, October 16, 1857

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BY TELEGRAPH. NEW ORLEANS, Oct. 14--Affairs are very unsettled. It is supposed that the run will continue to-morrow. Great confidence is felt in all the banks now standing. Large deposites were made to-day No failures. Things look more cheerful than this morning. There are rumors that the "New Orleans Bank" will open in the morning. Notes of the bank of James Robb are taken by the Citizens and Southern Bank. The bank of James Robb was also kept open till 6 o'clock. There is not a doubt expressed as to it or the Southern. NFW ORLEANS, Oct. 15.-The run continues very heavy on the Citizens and Canal Banks, but less on the rest. There is much excitement and business is paralyzed. NEW YORK, Oct. 15.---The Steamer Vanderbilt has arrived. Inferior qualitis of Cotton declined one eighth; Stock in port 336,000 bales, of which 198,500 is American. Orleans fair 95; middling 9 3-16. Fair Mobile 93; middling 91; Fair upland 91 middling 8 15-16. Lard and Breadstuffs slightly declined. Consols 901; Corn declined 6 pence Wheat 2 to 3 pence. Western Canal flour 30 a 31 Provisions dull; Bacon firm. LONDON, Oct. 2nd.---Funds opened animated and experienced a rise, but the tone soon changed by a heavy sale of Consols. Foreign exchanges unaltered, notwithstanding the large arrivals of gold from Australia. the prospect in the money market is discouraging. NEW YORK, Oct. 15.---The City Banks have resolved to take all Country bank notes at par. There is a strng influence against an extra session of the Legislature. Stocks are better; money active, but in better supply Specie 2 to 5 premium. Breadstuffs decidedly advanced. The Union Bank at Augusta Ga., and the Farmers and Exchange Bank, at Richmond, have suspended. The Philadelpha Banks show a disposition to repudiate the relief bill matters are gloomy in Philadelphia, but more cheerful in N. York and Boston. NEW YORK, Oct. 15.-Cotton quiet; Flour buoyant; Wheat $1,22a1,40; Corn firm; Coffee-Rio 10} all}c.; Linseed Oil 68a70c. Foreign.-Since the reduction of the rate of interest in July the Bullion in the Bank of England has decreased 600,000 pounds. Liverpool, 3.-Cotton quotations barely maintained. Flour, Beef and Lard are heavy, with a slight decline. PHILADELPHIA, Oct. 15.-The indisposition of the Banks to aecept the late act of the Legislature casts additional gloom over the community. CINCINNATI, Oct. 15.-Flour $4,35a4,40; Whisky active at 15}c.; Wheat dull; Corn 40c. New corn deliverable between December and March sold at 25c.; Oats 30a32c. It is thought that the Kentucky, Ohio, and Indiana Banks will remain firm. ST. LOUIS, Oct. 15.-A heavy run was made on the State Bank all the morning. Opinions conflict as to the final ability to sustain it. BOSTON, Oct. 15.-A meeting of the Bank officers proposed to discount undoubted paper liberaly. WASHINGTON, Oct. 15.-The Secretary of the Interior instructs the Snperintendent of Indian Affairs at St. Louis and the agents to remove all intruders upon the Delaware Indians and other reserves in Kansas. The War Department requests that the troops in that Territory will co-operate for the above purpose. NEW YORK, Oct. 15.-Business affairs are more cheerful. Banks as usual, but paying no specie.Stocks are looking upwards. It is said that a special agent of the Rothchilds came in the Vanderbilt with orders to buy securities to a large amount. Specie is abundant and lacks buyers at one per cent. The Clearing House balances were settled in current funds. The Banks are working harmoniously, tending to a restoration of confidence and revival of business. LOUISVILLE, Oct. 15.-Everytaing is quiet. The Banks have no idea of suspending. River at Wheeling 4 feet in the channel. A rise of six feet or more is expected.

3. October 16, 1857 Daily Nashville Patriot Nashville, TN

Article from Daily Nashville Patriot, October 16, 1857

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BY TELEGRAPH. BY THE NATIONAL LINE. [Reports Furnished by the Associated Press.] NEW ORLEANS, Oct. 14-Affire are very UDFeltled. It supposed that the run will continue tomorrow. Great confidence is felt in all the banks DOW standing. Large deposites were made to-day. No failures. Things look more cheerful than this morning. There are rumors that the N. Orleans Bank will open in the morning. Notes of the Bank of James Robb are taken by the Citizens and Southern Banks. The Bank of James Robb was also kept open till 6 o'clock. There is not a doubt expressed as to it or to the Southern. NEW ORLEANS, Oct. 15-Therun continues very heavy on the Citizen's and Planter's Banks, but less on the rest. There is much excitement and business is paralyzed. NEW YORK, Oct. 15.-The steamer Vanderbilt has arrived. Interior qualities of cotton declined one eighth. Stock in port 336,000 bales; of which 198,500 is American. Orleans fair 9f; middling 9 3-16; fair Mobile 98; middling II; fair upland 93; middling 8 15-16. Lard and breadstuffs slightly declined. Consols 901 Corn declined 6 pence. Wheat 2 to 8 pence. Western canal flour 30a31s. Provisions dull. Bacon firm. LONDON, Sept. 2.-Funds opened animated and experienced a rise; but the tone 800n changed by a heavy sale of consols. Foreign exchanges unalto red notwithstanding the large arrivals of gold from Australia. The prospect in the money market is discouraging. New YOBK, Oct. 15.-The city Banks have resolved to take all country bank notes at par. There is a strong influence against an extra session of the Legislature. Stocks are better. Money active, but in better supply. Specie 2 to 5c. premium. Breadstuffs decidedly advanced. The Union Bank, at Augusta, Ga., and the Farmers' and Exchange Bank, at Richmond, have suspended. The Philadelphia Banks show a disposition to repudiate the relief bill. Matters are gloomy in Philadelphia but more cheerful in New York and Boston. NEW York, Oct. 15-Cotton quiet. Flour buoyant. Wheat 1 22+ 40 Corn firm. Rio coffee 10fall}. Linseed oil 68.70. Tallow 8.9. FOREIGN-Since the reduction of the rate of interest in July the Bullion in the Bank of England has decreased 600,000 pounds. LIVERPOOL, Sept. 3d.-Cotton quotations barely maintained. Flour, beef and lard are heavy with a slight decline. Rosin buoyant. Philadelphia, Oct. 15-The indisposition of the Banks to accept the late act of the Legisluture casts additional gloom over the community. CINCINNATI, Oct. 15.-Flour 4 35 a 4 40. Whiskey, active, at 154. Wheat, dull. Corn 40. New Corn deliverable between December and March, sold at 25 C. Oats 30 a 32. It is though. that the Kentucky, Ohio and Indiana Banks will remain firm. ST. LOUIS. Oct. 15.-A beavy run was made on the State Bank all the 0 orning. Opinions conflict as to the final ability to sustain it. BOSTON, Oct. 15.-A meeting of the Bank officers proposed to discount undoubted paper liberally. WASHINGT N, Oct. 15,-The Secretary of the Interior instructs the Superintendent of Indian affairs at St. Louis, and the agents to remove all intruders upon the Delaware Indians and other reServes in Kansas. The War Department requests that the troops in that Territory will co-operate for the above purpose. NEW YORK, Oct. 15.-Business affairs are more cheerful. Banks as usual, but paying no specie. Stocks are looking upwards. It is said that a special agent of the Rothschild's came in the Vanderbilt with orders to buy securities to a large amount. Specie is abundant and lacks buyers at one per cent. The clearing house balances were settled in current funds. The Banks are working barmoniously, tending to a restoration of confidence and revival of business. LOUISVILLE, Oct. 15.-Every thing is quiet. The banks have no idea of suspending. Riv. Γ at Wheeling four feet in the channel; a rise of six feet or more is expected.

4. October 20, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, October 20, 1857

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impossible to negotiate any paper both upon foreign the almost Exchanges continue unsettled, banks street. domestic. The stockholders of most of when the they and hoid their annual meeting next month, regard to a will e what course will be pursued in laid down determ: of specie payment at the time number of the resemption recent act of the Legislature. A and we unin the of the interior banks are here, hose of this Presidents will hold a conference to day with will be derstand when their course of action for the future there city, At the Stock Board this morning City decided little upon. more firmness, but without activity. The Sixes was & are heavy, but State Fives have improved. fancies attract but little attention. From The Toledo Blade Yester." 'ay a drove of cattle passed through our city cuto the Eastern markets which were all & the on their way They numbered 280 head, and came northern riority. from Texas. They were gathered in the forward way of Texas late last Fall, and driven Illinois, part Kansas and Missouri to Jacksonville, and Sumthrough where they were kept through the Winter From that to be fattened and prepared for market. Road, mer they came forward on the Wabash Valley in point will soon be on the tables of the gentlemen ten New. and York, after an adventurous journey of over order, They are all nearly of a size, in good length months. not heavy. and are remarkable for the from of but horns. In this respect they differ materially and their cattle. Their hores are, in fact. enormous, have our particularly dangerous and pokish appearance. our We cannot & help noticing in this connection how railroads are changing the course of trade, and drawing supplies for the East from the most remote regions. of the the Wabash Road, this destination has Without of the far West could not be. But this road made cattle it possible for New-York to draw supplies of beef from Texas, and we shall doubtless have many examples of what is now & novelty. The Portsmouth (N.H.) Gazette says: Business appears to be going on in a quiet which safe and there has not been a single failure Our would way, not have occurred in ordinary times. banks are managed with judgement, and have as good first & specie basis as any in the country. On the the Monday in September the liabilities, including capital stock, of the four banks of deposit and discount which in this city amounted to $1,281,032 16, to meet there were assets to the amount of $1,363,290 36, having a surplus of $82,258 20. On Monday last, October 12, the four banks of this city presented & statement, by which it appears that at that time the liabilities were $1,159,582.69, being a redu tion of $121,449 47 since September; $101,and the assets, $1,261,154 59-8 reduction of 635 77. Of these liabilities, the sum of $691,000 composes the capital stock of the banks. On Wednesday morning, intelligence having been received by telegraph of the suspension of specie payments of the banks in Boston and New York, the officers of the several banks immediately convened, to and unanimously resolved to cease for the present specie for their liabilities, and to use their exer- as tions pay to resume specie payments at as early day possible." From The St. Paul Minnesotian, Oet.14. The markets have presented no material Business change since last week, except in some particulars. and has seems be again resuming & better state, trade. become quite brisk in several departments their of Fall Many of our merchants have now received supply of goods. There is not, however, that liveliness and activity which would be prevalent at this season of the year were the money market in better condition. Though business has revived from the dull state of Summer necessarily, yet & general stagnation and pressure affairsseem to pervade it. As soon as the financial the derangement of which has caused this temporary embarraesment and apathy-become in & better state, which will doubtless be ere long, the markets will pre- is sent some features of interest. At present there scarcely enough doing to make a report on. From The St. Louis Democrat Oct. 16 was marked by some little excitement State in Yesterday mattere, growing out of a run upon the money Bank of Missouri. The demands upon the other chartered banks were not very unusual. The State Bank sustained the rush made upon her counters with a great deal of composure; and to show what she could do, her doors were kept open until one-half or threequarters of an hour beyond the usual time. The run will probably be entirely exhausted to-morrow, for im- the test made to day upon her specie seems to have parted a great desl of confidence regarding her Our re. sources and her real gold and gilver strength. business men feel more confident, too, and are pleased to contemplate the prospect of our banks going entirely through the mill, and sustaining their credit as specie paying concerns, while other banks in the country have been obliged to succumb. As business is almost at a dead stand-still, we have nothing at all to say of exchange. It is almost impossible to sell or buy bills at any price. Currency is unchanged. Illinois bills are getting scarcer, and in the retail circles are received with more favor, being preferred in many instances to Kentusky and other East. ern money, about which there is just now 80 much uncertsinty. No change to be noticed in currency. Illinois money is scarce, and is still passing freely among retail traders at to 15 P cent discount. A few trans. on actions for currency *ock place this morning change. It will not buy wheat or flour. From The Cleveland (Ohio) Herald, Oct. 16. We are hourly strengthened in our belief of the abundant solvency of our city banks. We have. in the last few issues. given facts, too, upon which our confidence is grounded. and mean neither to deceive ourselves nor our readers.

5. October 21, 1857 Evening Star Washington, DC

Article from Evening Star, October 21, 1857

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Financial Matters, &c. BOSTON, Oct. 19.-The following failures are announced : W. Greenough & Co., hardware; J. M. Holden, hardware; George Forsaith, chairs; Keith & Thornton, clothing; J. W. Carter & Co., grocers, and W. P. B. Brooks, furniture. ST. LOUIS, Oct. 20.-The State Savings Institution has opened a depository for the currency of the adjoining States; also of New York and the New England States, and the notes of the Banks of the cities of Philadelphia, Pittsburg and Baltimore. The weekly statement of the banks shows a decrease of 50 per cent. in the coin. The circulation and deposits of the State Bank have decreased during the week nearly 70 per cent., and its general decrease of coin is in a still greater ratio. MOBILE, Oct. 19.-None of the Alabama Banks are affected by the pressure, Cotton is dull; middling quoted at 10 per lb. Sterling exchange flat SAVANNAH, Oct. 19.-Cotton is quiet and receipts light. Sterling exchange fair. NEW ORLEANS, Oct. 19.-Everything in the monetary line is more cheering. The Bank of New Orleans is paying some specie, and will resume entirely next week. Messrs. Oakey & Hawkins will resume on Monday. Messrs. J. A. Doherty & Co., dealers in Western produce, suspended yesterday.

6. October 26, 1857 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN

Article from Memphis Daily Appeal, October 26, 1857

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Bank Suspensions. ST. LOUIS, October 26.-The State, Missouri, Merchant's and Southern bank suspended this A. M. The Mechanics' is still firm. Kansas Elections.

7. October 27, 1857 The Evansville Daily Journal Evansville, IN

Article from The Evansville Daily Journal, October 27, 1857

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Financial. ST. LOUIS, Oct 26-P M The STATE BANK, MERCHANTS' BANK, and SOUTHERN BANK Suspended this morning. NEW YORK, Oct 26-p M The Bank Statements of the week show an increase of specie $2,568,000; decrease of loan $1,652,000; decrease of circulation $1,202,000; increase of deposits $4,635,000. CINCINNATI, Oct 26-p M Missouri paper will continue to be taken, notwithstanding the suspension. Exchange on New York nominally the same. Rusiness moderately good.

8. October 27, 1857 Nashville Union and American Nashville, TN

Article from Nashville Union and American, October 27, 1857

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BY TELEGRAPH. BOSTON, Oct. 14.-Bank statement shows two million eight hundred and eighty-eight thousand dollars specie in the banks. Increase $437 since the suspension. NEW YORK, Oct. 24.-Provisions dull. Weather stormy. Rates for money lower and irregular; ranging from three to one and a half per cent. Business at the Clearing House 9,000,000; balances 600,000. Bebee & Bro., tea dealers, have sutpended. Stering exchange more active than in the morning, but there is a general decline in price. MORE SUSPENSIONS. ST. LOUIS, Oct. 26.-The State Bank of Missouri, the Merchants' Bank and the Southern Bank suspended this morning. The Mechanics' Bank is still firm. ARRIVAL OF THE BALTIC. NEW YORK, Oct. 25.-The steamer Baltic has arrived with Liverpool dates of the 14th. The American ship Lexington was totally lost near Venetia. Calcutta dates are to the 10th, and Bombay tc the 17th of September. The seige train was expected to reach Delhi on the 3d September, when an assault would be commenced. Sugar dull; Rosin steady, 4s 6da4s 7d; Spirits tur' pentine steady, 38s 6da$8s; Rice quiet. LONDON, 13-Flour declining; Wheat 2s lower; Sugar declined 2 to 3d. LIVERPOOL-Cotton sales for 3 days 19,000 bales; speculators took 7000, and exporters 1000 bales; opening buoyant, closing dull; prices unchanged. LONDON-Money decidedly more stringent. The Bank of England advanced rates to seven. Consols closed at 873a88. LIVERPOOL, 3 p. m.-Cotton quite steady; Flour steady; Provisions quiet; Breadstuffs slightly declined; Mixed corn 36s 6da37s, Yellow 37s 6d; White 41s a42s. FURTHER FROM INDIA. Havelook was at Cawnpore, and would be reinforced in a few days by Ontram, who has a large force at Al-la Ha-Bad. The Cawnpore garrison gallantly holds out. They will be relieved by the middle of September. Lord Elgin left Calcutta for China. The China mail failed to connect with the overland mail at Ceylon.

9. October 27, 1857 Daily Nashville Patriot Nashville, TN

Article from Daily Nashville Patriot, October 27, 1857

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BY TELEGRAPH. BY THE NATIONAL LINE. Reports Furnished by the Associated Press.] BOSTON, Oct. 24 -Bank statement shows two million, eight hundred and eighty-eight thousand dollars specie is the banks. Increase, four bundred and thirty-even thousand dollars since the suspension. NEW YORK, Oct. 24 -Business dull; weather stormy; rates for money lower, and irregular, rang. ing from three to one and a half per cent. Business at the clearing house nine millions. Balances six hundred thousand. Beebee & Bro., Tea Dealers, have suspendedSterling exchange more setive than in the morning, but there is a general decline in price. Sr. LOUIS, Oct. 26.-The State Bank of Missouri, the Merchants' Bank, and the Southern Bank suspended this morning. The Mechanics' Bank is still firm. NEW YORK, Oct 25.-The steamer Baltic has arrived with Liverpool datea of the fourteenth. The American ship Lexington, was totally lost near Venetia. Calcutta dates are to the 10th and Bombay to the 17th of September. The seige train was expected to reach Delhi on the 3d of September, when an assault would be commenced. Sugar dull; Rosin steady 4s 6d a 4s 7d; Spirits Turpentine steady 38s 6da 39s; Rice quiet. LONDON, Oct. 18.-Flour declining; Wheat 2s lower; Sugar declined 2d to 3d. Liverpool.-Cotton sales, three days, 19,000 bales; speculators took 7,000, and exporters 1,000 bales-opening buoyant, closing dull. Quotations unchanged. LONDON.-Money decidedly more stringent. The Bank of England advanced rates to seven. Consols closed at 877 a 88. LIVERPOOL, 3 P. M.-Ootton quiet, steady; Flour steady; Provisions quiet; Breadstuffs slightly declined; mixed Corn 36s 6d & 87s; yellow 37s 6d; white 41s 42s FURTHER FROM INDIA, Gen. Havelock was at Cawnpore, and would be reinforced in a few days by Gen. Outram, who bas a large force at Allahabad. The Cawnpore garrison gallantly holds out. They will be relieved by the middle of September. Lord Elgin had left Calcutta for China. The China mail failed to connect with the overland mail at Ceylon. THE AMERICAN HORSES IN ENGLAND. Thirty-four horses ran for the Czarwitch cup. The first trial was dead heat between Prioress, Elpalkim, and Queen Bets. The deciding heat was won by Prioress, the American horse, by length and half. Great cheering. The stakes exceed two thousand pounds. The American horse, Lecompte is dead. In the race with Saunterer, Babylon paid the forfeit. MONEY PRESSURE. The money pressure in London is excessive. The Bank of England proposes to advance rates further. The Bank of Dublin rates are 7 and the Bank of France 61. The pressure in Vienna is great. Ross, Mitchell & Co., a Canadian firm in London, have failed. Liabilities quarter of a million pounds; assets large. J. Monteith & Co., and other large firms have suspended. FRANCE.-The military camp at Chalons has been raised. A meetting between the Emperors of France and Austria is talked of. SPAIN.-The ministerial crisis continues. Bravo Murillo refused to form one of the minorty cabinet. Further disturbances are anticipated in Italy. The king of Prussia is better, but his condition is critical. INDIA Gen. Nicholson defeated the rebels at Magafghar with a loss of their guns. Havelock defeated the rebels near Bithore, on the sixteenth of August. The garrison at Lucknow ma 1e sortie, capturing the guns of the mutineers and supply of provisions. Maj. Egra was again defeated at Singapore, by utineers. The rebels are threatening; Alle habad and Benares. Large bodies of troops are marching from Calcutta to Allehabad. Troops are arriving at Calcutta from England. A dispatch to the London Post, says the English attacked Lucknow castle, and spiked the guns, and inflicted a heavy loss on the enemy. The Baltic brings seventy two thousand pounds in specie and 160 passengers. The steamer Red Jacket, from Australia arrived at Southampton with seventy-thousand ounces of gold. NEW YORK, Oct. 26.-The brig Mountain Eagle, from Sisal, reports that the Indians massacred nearly all the inhabitants of the village about 60 miles from Merida. Over 500 bodies were found in the woods horribly mutilated. Sr. LOUIS Oct. 26.-Several prominent citizens of Kansas, have signed protestagainst fradulent returns from Oxford, Percival and Johnson counties. Walker and Stanton after a personal examination published proclamation declaring their determination to reject the entire vote of Oxford county and give Ce rtifi ates to the free State candidates. The excitement among the pro-slavery men is intense. They threaten vengeance against the Governor and S cretary. On the 19th mass convention was held at Lecompton, protested against the assembling of the Constitutional Convention. The "Republican" publishes the discourse of He# ber C. Kemball, at Salt Lake City on August the 30th, in which the determination is expressed to resist the Government troops to the lastextremity. The women and children are called upon to arm themselves and to lay up grain and prepare for the conflict. Young made an equally bold speech, declaring hostility against the United States. NEW ORLEANS, Oct. 26.-Cotton bales extremely dull and irregular, The ruling rate for middling was 10 c. Strict miduling to good 101 to 101. Sugar irregular 6 a 10. Molasses opened 28 a 30. Bulk of sales at 18 for prime new. Nothing doing in exchange; no change in money matters for the better. NEW YORK Oct. 26.-Cotton and Flour firm; Wheat heavy; Corn dull; Lard 12; Sugar declined one and one eighth. The Bank statement of the week shows an increase of specie, two million, five hundred and sixty-eight thousand. Increase of deposits, four million six hundred and thirty-five thousand. De crease in loans, one million six hundred and fifty. two thousand. Decrease in circulation one million two hundred and two thousand. CINCINNATI, Oct 26.-Flour buyers refuse $400, Whisky 151. Grain unchanged. Money unsettled. The notes of James Robbs' Bank, the Union Bank, and the Bank of New Orleans are thrown out by all bankers. Missouri paper continues to be taken notwithstanding the suspensions. Business is moderately good. PORT STANLY, C. W., Cet. 26.-A fire this afternoon destroyed the sreamer Free Trader,the schoon or Buchanan, and the warehouse of South & Davidson, Williams & Thompson, with many other buildings mostly insured. CHICAGO, Oct. 26.-Jams O. Brayman in the United States Court plead guilty of the indictment of purloining letters from the Post OfficeDepart meut. Sentence is deferred. The ship Patrick Henry brought here the captain and crew of the British bark "Athenian," from Quebec to South Sea Isldnd. Business dull, partiy owing to the storm. NEW YORK, Oct. 26.-It is believed that the steamer Baltic brought back no protested bills. WASHINGTON, Oct. 26.-Nearly 8,000,000 acres of land have been located under the act of March 1855, up to the 11th of August. The Scake Indians are incensed because a drover

10. October 28, 1857 Daily Iowa State Democrat Davenport, IA

Article from Daily Iowa State Democrat, October 28, 1857

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SUSPENSION OF BANKS IN BT. LOUISState Bank cf Missouri Gone. St. Louis, Oct. 26. Bank the State of Missouri, Merohants Bank, and Southern Bank suspended this 8. m. Mechanics' still firm.

11. October 29, 1857 Glasgow Weekly Times Glasgow, MO

Article from Glasgow Weekly Times, October 29, 1857

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The State Bank of Missouri, and all the others Banks in St. Louis, with the exception of the Mechanics' Bank, suspended on last Monday, and it was thought that Bank would suspend on Tuesday.

12. October 31, 1857 Muscatine Weekly Journal Muscatine, IA

Article from Muscatine Weekly Journal, October 31, 1857

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THE NEWS. -The Ution Lock Factory was destroved by fire on the 28th. Loss $50,000-insurance $40,000. A Convention of Sabbath School dele. gates from all parts of Indiana, ering some 500 or 600, Was in-session at Indianapolis on the 23th, Bishop Ames of the Methodist church presiding. The object of the Convention is to promote the interests of Subbath Schools in the State, and increase their usefulness and rtance. Various questions have been discussed and acted upon. -Notwithstanding the postponement of the Disunion Convention over 100 delegates from nine or ten States met at Cleveland on the 28th and organized. Warrins Robinso.1, of Ohio, President; with Vice-President jone from each Free State. Business committees were appointed. Addresses were made by Parker Pillsbury, Abby Kelly Foster and others. Resolutions strongly condemning the action of the Committee of Arrangements in postponing the Convention were passed unanimously. The Business Committee reported a series of resolutions, setting forth the antagonism of freedom and slavery, and the impossibility and guilt of any attempt at a union thereof; recommending slaves to raise in the spirit of seventy six and achieve their OWD freedom. FOREIGN.-The steamer Persia arrived at New York on the28th, with £244,000 sterling in specie, 211 passengers and Liverpo 1 dates to the 17th. The fin ncial panic in England continued, and several additional failures are announced. There is also a tearful financial panic at Vienna. The banks of Holland and Belgium advanced rates of discount. The health of the King of Prussia remains critical. Persit.-A powder magazine at Joundepore had been exploded by lightning-over 1,000 persons killed, and 300 houses destroyed. Indit.The Indian mails were received at London on the 15th; no new facts of Importance.Accounts all concur in pronouncing the prospects of the Europeans as more cheer ing, Australia.-There had been two arrivals from Australia with £120,000 sterling in gold. -A protest signed by several prominen citizens of Kansas was filed on the 15th against fraudulent returns of Oxford precinct. Johnson e unty, in reply to which, after personal investigation, Walker and Stanton publish a proclaint in the Herald of Freedom of the 20 h, expressing the determination to reject the entire vote of Oxford and give certificates to the Free State candidates. The proclamation produced intense excitement among the extreme pro-slavery men. Threats of vengeance were made against the Governor and Secretary. On the 19th a pro'est was made against the assembling of the Constitutional Convention at Lecompton. -.1 great slanghter of men, women and children in n village of Yucatan, about 60 miles from Merida, the capital, is reported by the arrival of the brig Mountain Engle at New York, on the 26th, from Sisal. The outrage was perpetrated by a party of Indians from the interior, who entered the villago with friendly demonstrations. Very few of the villagers escaped. More than five hundred bodies had been found, and more were being discovered daily in the woods, where they had attempted to escape but were overtaken and murdered -Besides the State Bank of Müsouri, the Merchants' Bank and and the Southern Bank suspended at St. Lonis on the 26th. FOREIGN.- The Baltie arrived at New York on the 26th with £72,000 sterling, 160 passengers and Liverpool dates to the 14th. the American ship Lexington was totally lost near Verratia. Thirty-four horses ran for the Czarowitch Cup, and the first trial resulted in a dead heat between Prioress, Elphin, and Queen Bess. On the deciding heat, Prioress, the American horse, won by length and a. half, amid great cheering. The value of the stakes exceeds £2,000. The American horse Lecompte is dead. The King of Prussia Will" slightly better, but his condition is still very critical. The dispatches from India state that Gen. Nicholson had defeated the rebels at Majat dear with the loss of their gun+. Gen. Have had also defented the rebels near Bithoor, on the 16th of August. The gar son at Lucknow 4 a gallant and victorions sortie, capturing In. grus of the mutinears and also a supply of Previsions. The Singapore mutineers ha **** again defeated by Major Eyre. The rebels were threatening Allahabad and Benares. Large bodies of troops were marching from Calcutta towards Allahabad. Troops also arriving at Calentta from England, their transportation having been effected with great rapidity. A dispatch to the London Post says the British forces had attacked Lucknow Castle, spiked the guns und inflicted a heavy loss upon the enemy. The garrison at Cawnpore was gallantly holding out, and would be relieved by the middle of September. -The Interior Department at Washington has received information that the Snake Indians, who have steadily refused to take part with the Mormons, have become incensed against the United States on account of a drover lately killing a woman and child and firing at n war chief of the tribe Immediate measures will be taken to repair the mischief. -Daniel Emerson. charged with swindling Kenford & Brothers and other parties in New York of $14,000, was arrested at St. Louis on the 26th. -A. 0. P. Nicholson was, on the 27th, elected U.S. Senator from Tennessee to sueceed John Bell, whose term expires in 1859. --The destruction of the sugar refinery in Cincinnati on the evening of the 23d undoubtedly the work of an incendiary. The first alarm was caused by: terrific explosion which blew the roof from the building, and then the flames burst out in full force.$80,000 worth of property was destroyed. IOWA NEWS. DAVENPONT-Thos. Whitson's throching machine manufactory in Davenport was de-

13. October 31, 1857 The Tipton Advertiser Tipton, IA

Article from The Tipton Advertiser, October 31, 1857

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For the Advertiser. ST. LOUIS, MO., Oct. 19, 1857. MESSRS. EDITORS: -Thinking that your numerous readers would probably read with interest communications coming from this quarter, I will write you a short one, which, should you think it worthy, you are at liberty to publish. The commercial interests of St. Louis, like those of other cities in the Union, have been sadly affected by the crisis in money matters. The news of the suspension of the different eastern banks had its effects upon the banking and commercial portion of our city. Heavy runs were immediatly made upon the different banks, brokers, and savings institutions, some of which were compelled to suspend. The State Bank of Missouri has had some half dozen runs, every one of which it was thought would compel her to suspend specie payment; but thus far she has withstood the storm bravely, and bid defiance to all. Whether she will be able to hold out or not time alone can determine, although it is presumed that she will. Many of the leading men are in favor of a suspension, while others strongly oppose it. Truly can it be said that St. Louis is a specie paying city, for nothing else is current here. Thousands of mechanics and laboring men have been thrown out of employ.

14. November 5, 1857 Fayetteville Observer Fayetteville, TN

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BANK SUSPENSION. Met ST. LOUIS, Oct. 26.-The State Bank of Missouri, the Merchants' Bank, and the Southern Bank suspened this morning. The Mechanics' Bank is still firm. in terms eti)

15. November 10, 1857 Arkansas True Democrat Little Rock, AR

Article from Arkansas True Democrat, November 10, 1857

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03 We heard on the street yesterday, that the State Bank of Missouri had suspended specie payment. We merely give this as a rumor, not knowing or caring whether it is correct or incorrect, as it is of little consequence to us, or the honest, hard working portion of this community. We want no banks, neither State nor private. We regard them all as mere machines to be worked, managed and controlled for the especial benefit and use of a few pets and favorites, and not for the public good.We want no banks or bankers. Honest men can do without them, and there is an abundance of gold and silver in this community for all small transactions, and abundance of white paper to build individual notes on for all large transactions. We ask no favors of any of the banks in this State or any place else, and have only assisted in bolstering them up for a time, for the purpose of letting them down gradually. We still deal in currency to a certain extent, because we cannot help ourself, but as soon as we can do otherwise, we will not touch or handle paper money. But before we take that position, we will insist upon the reduction of all prices to specie basis, instead of the present, which are currency prices.--St. Louis Herald.

16. December 9, 1857 The Nevada Democrat Nevada City, CA

Article from The Nevada Democrat, December 9, 1857

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Sr. LOUIS BANKS.-The State Bank of Missou. ri. the Merchants Bank, and the Southern Bank, at St. Louis, suspended epecie payments on the morning of October 26th. A bill legalizing the suspension for one year. passed the House of Assembly on the 3d of November, by twentyfive majority. The State Bank of Missouri, was one of the few shinplaster institutions of the West, that stood the financial disasters of 1837 without suspending. It has justly been regarded as one of the safest banks in the country.