11167. Commercial & Railroad Bank (Vicksburg, MS)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: March 1, 1839*
Location: Vicksburg, Mississippi (32.353, -90.878)

Metadata

Model: gpt-5-mini
Short Digest: eb551b28

Response Measures

Full suspension

Other: Bank went into assignment/was placed in trusteeship (assignees), indicating failure/receivership (assignment recorded Feb 15).

Description

Newspapers report heavy withdrawals and suspension of specie payments in early-April 1839; directors earlier (Dec 13, 1838) resolved to resume specie in January. Multiple notices (Feb–Dec 1840 and 1841) record an assignment of the bank's property to trustees (deed of trust recorded 15 Feb 1840), indicating permanent closure and trustees/assignees administering assets. Cause for the run linked to apprehensions about solvency and large withdrawals by up-country dealers and depositors. OCR errors in some articles corrected (e.g., MORERCIAL -> COMMERCIAL; VICKSBUBG -> VICKSBURG).

Events (3)

1. March 1, 1839* Run

Cause: Bank Specific Adverse Info
Cause Details: Heavy withdrawals (runs) by up-country dealers and general apprehensions about the bank's solvency following strained specie position and reported irregularities in reported specie holdings.
Measures: Directors earlier resolved to resume specie payments (Dec 13, 1838) and the bank continued to pay small notes ('fives and tens') on demand; stockholders appointed a committee to examine affairs; attempted negotiation of loans and arrangements were reported.
Newspaper Excerpt: The suspension was principally induced by the heavy runs made by the up country dealers.
Source: newspapers

2. April 1, 1839* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Suspension of specie payments cited as principally induced by heavy runs and general fears about solvency; reports of misreported specie and strained exchanges contributed to suspension decision.
Newspaper Excerpt: The Commercial and Rail Road Bank of Vickeburg has suspended. She, however, continues to pay her fives and tens on demand.
Source: newspapers

3. February 15, 1840 Receivership

Newspaper Excerpt: assignment of the property and effects of the above Bank on the 15th February last...the debtors are secured in the right to pay in the paper of the Bank until the 15th of February next...W. W. FRAZIER, THOS. E. ROBBINS, WM. S. BODLEY, Assignees.
Source: newspapers

Newspaper Articles (16)

1. December 18, 1838 Southern Marksman Clinton, MS

Article from Southern Marksman, December 18, 1838

Click image to open full size in new tab

Article Text

MORERCIAL AND RAIL ROAD BANK. Vicksburg, Dec. 13. 1838. meeting of the Directors of this Instit the following resolutions were adopted. viz. Resolved, That this Bank will resume specie payments on the first Monday in January, by paying specie or its equivalent. Resolved, That balances now due to B or individuals arising from collecIR certificates of deposite or deposites, ma since the suspension of specie paymers will be paid in the currency in which they cere re ieved R viloed, That this Bank will receive dep its and pay them out in the currency in they are made. ed, That these resolutions be publ in the newspapers of this city. A copy from the minutes. WM. HARVEY, pro. tem.

2. December 22, 1838 Lexington Union Lexington, MS

Article from Lexington Union, December 22, 1838

Click image to open full size in new tab

Article Text

# BANK CONVENTION. At meeting of the delegates from the Banks of Mississippi and Tennessee, convened at the Commercial & Rail Road Bank of Vicksburg, the following Banks were represented, viz: Farmers & Mechanics Bank of Memphis; Planters Bank, Natchez; Agricultural Bank, Commercial & Rail Road Bank of Vicksburg, West Feliciana Rad Road & Banking Company, Commercial Bank of Natchez, Commercial Bank of Manchester, Commercial Bank of Rodney, Bank of Lexington, Vicksburg Waterworks & Banking Company, Mississippi Rail Road Company, Citizens Bank of Madison County, Mississippi Union Bank, Real Estate Banking Company of Hinds County, Bank of Vicksburg. On motion, H G Runnels was called to the Chair, and J J Chewning was appointed Secretary. On motion, Resolved, That Messers. J Wood and George G Skipwith of Nashville, be invited to take a seat in this Convention. The following resolutions was offered by Stephen Duncan: Resolved, That the first monday in January next be the period fixed on for a resumption of specie payments by the Banks represented in this Convention; provided the delegates from the Union Bank of Mississippi will give assurance that the post notes of that Bank will be redeemed with specie, or its equivalent, when presented at her counter. On motion to strike out all after the word "provided," the yeas and nays being called, the vote stood thus; Ayes. E Montgon.ery, of Planters Bank; M B Irmer, Commercial Bank of Manchester; J C Bole, Lexington Bank; S P Webster, Vicksburg W W & Banking Co; J A Quitman, Miss. R R Co; W Hardeman, Citizens Bank of Madison county; H G Runnels and R M Williamson, Mississippi Union Bank. Nays-E W Lucas, of Famers and Mechanics Bank, Memphis; S Duncan, Agricultural Bank, J J Chewning, Com. & R R Bank of Vicksburg; G H Gordon, West Feliciana R R & Banking Co; L R Marshall, Com. Bank of Natchez; Thos. Freeland, Com, Bank of Rodney; A M Paxton, Bank of Vicksburg. This being a tie, the motion was lost. S P Webster proposed to strike out all the above resolutions, after the word "resolved," and proposed the following as a substitute: Whereas, in the opinion of this Convention, a resumption of specie payments by the Banks of Mississippi on the first day of January next, would be prejudicial to the interest of the community, for the following, among other reasons: 1. Because the month of January is the middle of the business season, and the period of the year when both planter and merchant stand in most need of all the bank facilities which can be afforded them. 2. Because it is the season of the year at which the largest amount of engagements have usually been made to fall due, and causes the months of January and February, in ordinary times, to be seasons of peculiar pressure in the money market. 3. Because the engagements maturing in January and February have, to a considerable extent, been passed to foreign creditors, and would immediately be demanded in specie or Eastern exchange. 4. Because of the present high rate of exchange against this state, in which condition a resumption of specie payments is unprecedented in any state of nation. The recent resumption in New York not being made until exchange had been for a period of two months in their favor, and in Philadelphia not until five months after that condition of things existed and at a time when the importation of specie by the banks of those places was a business of profit. 5. Because a resumption in January would cause the whole bank note circulation of the State to come in upon the banks, and leave the state without a circulating medium at all, to the great detriment of trade, and to the utter ruin of all who have money to pay at our spring courts, or provisions to purchase for the coming season. 6. Because it would be a burden of from 2 to 5 percent. of their whole circulation, upon the resuming banks without corresponding benefit to any class of persons, other than the Northen holders of our circulation, who have purchased it on speculation at from 15 to 40 percent discount.

3. April 3, 1839 Morning Herald New York, NY

Article from Morning Herald, April 3, 1839

Click image to open full size in new tab

Article Text

18,191,047 348,127 3,104,217 6,481,958 Some of the banks it will be perceived are in a most wretched condition. The manner in which most of these banks have been conducted is such as forever to ruin the credit of their bills abroad. The aggregate amount of cotton now held on their ac count is near $2,000,000 a fact which shows how material is the price of that article to their welfare. Their liabilities for sterling bills drawn against stocks and cotton amounts to $2, 500,000 and upwards. While their suspended debt has been increased upwards of $2,000,000 during the past year, which has been one of high prices for a large crop. How little able, there. fore. are these banks to stand against a reverse of prosperity. It is reported that the Commercial Rail Road Bank at Vicksburg has suspended. A most extraordinary statement with regard to this institution has been made by the Commissioners.It appears that previous to the meeting of the legislature, the Commissioners wrote to this bank, requesting a statement of their condition. Accordingly the Bank of Vicksburg, en the 22d of December, deposited with this institution $100,000 in the notes of the Canal and Banking Co. of N. Orleans. In the state ment forwarded to the Commissioners this money was actually denominated specie, and so reported to the executive, and by him laid before the legislature. The amount of specie thus reported on hand was $111,911, while the true amount, as appears by the bock, was as is stated in the above table. The $100,000 never having been entered on the books as specie. At Augusta, Geo., on the 28th ult. the appearance of the money market was daily becoming worse, and money getting more searce. The city banks refused to receive the bills of the banks of the interior, either on deposite or in payment of notes. This was the cause of much distress. Exchange was quite searce at lal} per cent premium at sight on N. Y. The notes of the Bank of Darien were selling at 25 per cent. The packet ship Baltimore for Havre takes out $32,000 in specie shipped by one firm. The operations at stock exchange today have been limited. Prices present no material change from those of yesterday; in some cases, however, a disposition to give way is manifest. Ohio Life & Trust recededed 1 per cent; Kentucky 1 per cent; Vicksburg 2 per cent; Mohawk 1 per cent; Canton I per cent.

4. April 6, 1839 The Pearl River Banner Monticello, MS

Article from The Pearl River Banner, April 6, 1839

Click image to open full size in new tab

Article Text

WHIG TICKET. FOR GOVERNOR EDWARD TURNER, OF FRANKLIN, FOR CONGRESS . L BINGAMAN, of Adams. KEUBEN DAVIS, of Monroe. FOR ORCRETARY OF STATE. DUDLEY S JENNINGS, OF HINDS. FOR STATE TREASURER. SILAS BROWN, OF HIRDS. FOR AUDITOR OF PUBLIC ACCOUNTS, PHILIP DIXON, OF HINDS. Mr. GEORGE J. CONEA, has withdrawn from his connection with this office. is at present under the entire superinten. dente of the undserigned. It does not change one iota of its principles, and ae er will. long as inv name stands COD Lected with it, as editor. DONALD CAMERON. SUSPENSION. -The Lake Washington and Deer Creek Rail Road Bank has pended specie payments. It is said to only temporary. Wa hope it may be. The Commercial and Rail Road Bank of Vickeburg has also suspended. She. however.continues to pay her fives and tens on demand. The Whig of that city says there is no alarin felt there as to the ultimate sulvency of the bank, and her honest intention of paying all her debts. The suspension was principally induced by the heavy runs made by the up coun try dealers. It will pass as current ever; so says the Vicksburg Whig. 'The Bawie K fe," the intended pub of which, we noticed last week, its appearance at our lication has made like table.- gentle The editors make their bow men, and seem determined. if high-mind ed and independent conduct will ensure it. to make themselves welcome visitants, (editorially, as we know they would be personally) in the best raks of society. The Bowie Koife editors will bear per pendicularly down upon all the vices and immoralities of the times with a heavy hand. Go abead. good friends, and may prosperity attend you. Arthur Smith. E.q. is agent for this place. We thank the editor of the Southern Star for setting us right in relation to the vote of Mr. Bridges, in relation to the granting of license by the Board of Po lice al its late session. . We have made some inquiry into the matter, and find that Mr. Bridges did vote, as charged, in of granting license. regrel by a sense of to favor to be compelled We justice this an rest of the Board to tnake not because weare to do justice by them, ling nouncement; the relinquish but unwill be cause we are carpelled to the high opinion we had formed of the exal charter, and strict whom we the ted moral gentleman named integrity as an of it "bonorable exception." No man, for seems to us, with a strict regard the morality and well being of the people, over whose interests he has been crited to preside. could have voted for the gran:ing of license which would nece-arily in direct and immediate conflict with come the known law of the State for ele. ven twellibs of the time for which they were gradled. Some of the members of Board put up the poor (we head almost said contenpti to bie) plea that they were not hound been know the law, because they had not officially notified of the fact. They not certainly bound to know any did were about it; but in as much as they know thing it was a law, it seems to us, that good citizens. and sworn officers they tha should have retrained from doing which would be in direct opposition being the lawrainl to the peace and well of our young and - rising State. We received by the lact mail all sorie newspaper from 6 Jaye lo eix months mule I we had'nt more patience than a could pack. we'd be out of humor occa mos We are . little of the W signally "patielest" man y u ever did See! of could laugh the move k patience poo

5. April 9, 1839 Richmond Enquirer Richmond, VA

Article from Richmond Enquirer, April 9, 1839

Click image to open full size in new tab

Article Text

VICKSBURG BANK-10 consequence of the apprehensions entertained for the solvency of the Commercial and Railroad Bank of Vicksburg, the stock of that institution has lately undergone great fluctuations both in Philadelphia and New York. On the receipt of the news that the Bank had suspended specie payments, a large number of stockholders convened in the former city on Tuesday, and were addressed by Judge Taylor, formerly President and now one of the Directors of that institution, on the subject of its affairs. He stated that the Bank had authorized the negotiation of a loan of a million of dellars to Texas, at eight per cent. interest, and on condition that the notes of the Bank should be made a legal tender in Texas. The directors soon regretted the step, and endeavored to cancel the loan, and finally effected an arrangement with that Government at some loss. Judge Taylor also alluded to the advances made by the bank on shipments of cotton, amounting to one million, on which no loss would be sustained. About four hundred thousand dollars were loaned to planters, who, though unable to pay their notes at maturity, were nevertheless solvent. He also stated that the company's railroad was progressing rapidly; the receipts from 120 miles now in use were $3,300 per $2,500 was profit. month, of which After Judge Taylor had concluded, the meeting passed resolutions expressive of their satisfaction with the statement made to them, and appointed, at his suggestion, a committee of seven to make an examination of the Bank, and to report to the stockholders as soon as possible.

6. April 17, 1839 Martinsburg Gazette Martinsburg, WV

Article from Martinsburg Gazette, April 17, 1839

Click image to open full size in new tab

Article Text

The Commercial and Rail Road Bank at Vicksburg, Miss., has suspended specie payments. The Banks in the south-west are in a precarious condition, and fears are entertained that many of them are destined soon to be involved in difficulties from which they will not be very easily extricated.

7. December 9, 1840 Southern Argus Columbus, MS

Article from Southern Argus, December 9, 1840

Click image to open full size in new tab

Article Text

May 12th 1840. TO THE DEBTORS OF THE COM. & RAIL ROAD BANK OF VICKSBUBG. Y a clause in the assignment of the B property and effects of the above Bank on the 15th February last, which is recorded, the debtors are secured in the right to pay in the paper of the Bank until the 15th of February next upon any debts due it, and to pay it afterwards upon all debts which shali by that day be "secured" to the satisfaction of the assignees. Those debts which by that time shall not be só secured will be subject to such rule as mav be adopted in carrying the trust into effect. The clause referred to is as follows, to wit: "The trustees shall proceed to collect and hold the proceeds of such sales, and also to collect and realise in money the most that may be practicable from the Bonds, Bills of Exchange, Bills Receivable, Notes, Accounts, Claims, e Judgments, Demands, choses in action and profits of said Rail Road, from and after the time of its completion to Jackson, hereby transferred and assigned to themProvided, however, that said trustees shall in no case refuse to receive from debtors he to said Presideut, Directors and Company of the Commercial & Rail Road Bank of Vicksburg, the bank notes, checks. post notes, Certificates of Deposite, and Bills r. Receivable, due from said Bank, or any of its branches in payment of debts due to st, the said President, Directors and Compaof ny of the Commercial & Rail Road Bank R. of Vicksburg, provided such debtor or debtors shall give sufficient security for ec. the amount of his, her, or their liabi lities th, within twelve months after the registration of this Deed of Trust alf Assig: W. W. FRAZIER, hip THOS. E. ROBINS, nees WM. S. BODLEY. Nov. 18, 1840.-13t. pr. $35 00.

8. December 19, 1840 Madison Whig Advocate Canton, MS

Article from Madison Whig Advocate, December 19, 1840

Click image to open full size in new tab

Article Text

while, about seven or years Appraised to 40 dollars. Taken up by James Lee. a Sorrell Horse, nine or ten years old. about 18 hands high left hind foot white, n small star in his forehead, no brands pereciva to 60 dollars W. NELSON, R.M.C. 47November 28, 1840. Debtors Rail Road Bank gament of the of the above last, proparty on the 15 ebruary which recorded, the debtors are secured in to pay in the paper of the the 15th of February next debts and to pay it of upon shall which by to the satisfaction Those by that time shall not be secured will be subject such the rule as may be adopt carrying to to collect trust proceed is as follows, into effect. wit: the referred proceeds shall of such sales, an collect and alize in money the most that may be from change, practicable Pills Receivable, the Bonds, Bills Notes, of Ex- Accounts, claims, judgments, demands, chosen in action and profits of said Rail Road, from and after the time of its to red and assigned to completion Jackson, them. hereby Provided, transferhowever that said trustees shall in no caso refuse to receive from debtors to to of the ny said President, Commercial Directors & and Rail Compa- Road Bank of notes, certificates and post notes, Vicksburg the bank of deposite, checks, Bills due or of its branchec in any Receivable from payment said Bank, of debts due to the said President, Directors and Company of the Commercial and Rail Road Bank of icksburg, provided such debtor or debtors for the amount or curity shall give of his, sufficient her, their liabilities within twelve months ter the registration of this deed of trust. W. W. FRAZIER. ) THO. E. ROBBINS, Assignees WM. S. BODLEY, 1 46-6 November 21. 1840. TAX COLLECTOR'S SALE. WILL to the I expose public sale, before to highest bidder, for cash, the Court-house door, in the town of Canton, Madison county, On the Fourth Monday of March 1841, described or of to wit:-Part of the west of land, The following lot parcel half north west quarter section nineteen, nine, range three the township by east, O.F. contain bounded west Pack, John Handy, east north ingsixacres, by by the street L. F. leading to Moore's Bluff, south by Henderson's lot and the lot on which the Church stands. To be sold for the Taxes of John J. Henry, for the year 1839. Printer's Fee $14 Also, the following described land, to wit:-beginning at the south east corner of the west side of the road leading from Canton to Moore's Bluff at a point in D. runthenco west ning Samuel Livingston's with the line, line and of said to a corner Collins' thence west Livingston, land, with of Thomas Collins' line to W. L. Balfour's corner where Collins' land also corners, thence north with the line of said Balfour's land about haif a to a corner Fulton, north also mile, a corner of Balfour, of David thence M. with Fulton's line to a corner of the land of the estate of Wm. McDowell, dec'd. thence north with the McDoweli line to a hickory, about one mile from the last corner, thence east with the McDowell line to a corner of J. D. Read's land, thence cast with Read's line to the road leading from Canton to Moore's Bluff, thenco south with said line to the corner of said Read's land, thence east with Read's line across said road to a hickory, where the aforeeaid road and Livingston's lands corner, thence south with Livingston's line to the beginning, containingeight hundred acres, more or less. To be sold for the taxes of Samuel M. Flournoy, for the years 1837, 1838, and 1839. J. H. VANNOY, A. & C. Nov. 1,1840. 46-td.1 fee $28.

9. December 19, 1840 Lexington Union Lexington, MS

Article from Lexington Union, December 19, 1840

Click image to open full size in new tab

Article Text

To the Debtors OFTHE COMMERCIAL & RAIL ROAD Bank of Vicksburg. Y a clause in the assignment of the property and effects of the above Bank on the 15th February last, which in recorded, the debtors are secured in the right to pay in the paper of the Bank un(i) the 15th of February next, upon any debtidue it, and to pay it afterwards upon all debts which shall by that day be "secured" to the satisfaction of the 88. signees. Those debts which by that time shall not be 80 secured will be subject to such rule as may be adopted in carrying the trust into effect. The clause referred 10 is as follows to wit :-" The trustees shall proceed to collect an hold the proceeds of such sales and also to collect and realise in money the most that may be practicable from the bonds, Bills of Exchange, Bills receivable, Notes, Accounts, claims, judgments, demands, choses in action and profits of said Rail Road, from and after the time of its completion to Jackson, hereby transferred and assigned to them -Provided, that however the said trustees shall in no case refuse to receive from debtors to said President, Directora and Company of the Commercial and Rail Road Bank of Vicksburg the bank notes, checks, post notes certificates of deposit, and Bills receiveable due from said Bank, or any of its branchea in payment of debts due to the said President, Directors and Company of the commercial and Rail Road Bank of Vicks. burg, provided such debtor or debtors shall give sufficient security for the amount of his, her, or their liabilities within twelva months after the registratation of this deed of trust. W. W. FRAZIER. Assignees THOS. E. ROBBINS, WM. S. BODLEY. 2-3m. November 21,

10. December 31, 1840 Southern Argus Columbus, MS

Article from Southern Argus, December 31, 1840

Click image to open full size in new tab

Article Text

May 12th I840. TO THE DEBTORS OF THE COM. & RAIL ROAD BANK OF VICKSBUBG. Y a clause in the assignment of the property and effects of the above Bank on the 15th February last, which is recorded, the debtors are secured in the right to pay in the paper of the Bank until the 15th of February next upon any debts due it, and to pay it afterwards upon all debts which shali by that day be "secured" to the satisfaction of the assignees. Those debts which by that time shall not be SO secured will be subject to such rule as may be adopted in carrying the trust into effect. The clause referred to is as follows, to wit : "The trustees shall proceed to collect and hold the proceeds of such sales, and also to collect and realise in money the most that may be practi. cable from the Bonds, Bills of Exchange, Bills Receivable, Notes, Accounts, Claims, Judgments, Demands, choses in action and profits of said Rail Road, from and after the time of its completion to Jackson, hereby transferred and assigned to themProvided, however, that said trustees shall in no case refuse to receive from debtors to said Presideut, Directors and Company of the Commercial & Rail Road Bank of Vicksburg, the bank notes, checks post notes, Certificates of Deposite, and Bills Receivable, due from said Bank, or any of its branches in payment of debts due to the said President, Directors and Company of the Commercial & Rail Road Bank of Vicksburg, provided such debtor or debtors shall give sufficient security for the amount of his, her, or their liabi lities within twelve months after the registration of this Deed of Trust W. W. FRAZIER, Assig THOS. E. ROBINS, WM. S. BODLEY. nees. n Nov. I8, 1840.-13t. pr. $35 00.

11. January 9, 1841 Lexington Union Lexington, MS

Article from Lexington Union, January 9, 1841

Click image to open full size in new tab

Article Text

The Mississippi Union Bank, and Citizen's Bank of Madison County subThe of those proclamations are I also Copies to your consideration. mitted transmit copies of my correspondence and with the Mississippi Union Bank, relation the Mississippi R. R. Company in make to appointment of commissioners to of the schedule of the assets and liabilies banks out a institutions. None of the in with those :hese appointed commissioners to act the and I believe they to give the Statec access to their books and have conjunction refused Executive, appointed papers. ommissiouers have by banks all It is believed that the following have failed to comply with the injunctions of the bank law, to wit: The Com. Bank of Columbus; The Com. Bank of Rodney; The Agricultural Bank; The Planters' Bank of Mississippi; The Bank of Lexington; The Bank of Grenada; The Vicksburg W. W. & B. Co., The Com. & R. R. B. of Vicksburg. assets of the latter institution, of to trustees, by the the All assigned the previous board of directors, were 10 the passage law bank law. The evidence required by has been furnished to the Executive, him 10 issue his to the charters of declaring enable not banks proclamations Com. forfeited. Bank I have understood that the Natchez, the Com. Bank of Manchester, the of Feliciana R. R. & B.Co., Port Gibson, and the of of the bank law during provisions the Bank Bank West of Mississippi, complied Northern with the were last the Their heaviest engagements year. to be met on the first day of the present month. situation and aflairs of the MissisThe Rail Road Company, the Planters' Union sippi Bank of this State, and Mississippi considerawill demand your calm of those institutions are tion. Bank, All resume insol- spe and neither of them can make vent; payments for several years, or of cie further loans. I submit herewith copies for letters to those banks, calling their con. spe. cific my information in relation to and the answers and statemeuts four dition The Union Bank has nine fornished. thousand three hundred and forty hand. dollars and six cents of specie $2,698,869.29 on Her suspended debt in sint is. " not sued on, 1,777,337.78 " " resources " chiefly unavailable 8,031,154 3 3,034,154 28 " Immediate liabilities, 5,000,000 0 " Capital stock, A reference to the report of the Join: last Committe of the Legislature, at the than will satisfy you that not more of the debts due the and that the whole session, collected, one-third The capital bank bank will stock has be has already been lost. Liverthousand bales of cotton in seven unsold. on which it has drawn $267, pool An advance of sixty dollars per was made to the planters upon 1838. They will a cotton bale 116 04. in sustain dollars clear that including interest, of thirty $210. loss, bale; equal in the aggregate, to per The bank has been irretrievably advances upon notes, and loaning issuing 000. ruined by post making insolvent the cotton, princi- indiportion of her capital to situation of pal viduals and companies. The Company, and the Planters' is bad. The the Bank, R. R. equally million former, and in the a 1839, issued about a year half of dollars in post notes, and expended and in constructing the expensive depots. them building rail I transfer ac road certainly would not have approved the had I anticipated this improvident interest course. The company has failed topay the Bank Planters' Bank bonds. The United States has and has presented an same, of on the the advanced hundred account and the the State for one thousand two dollars and twenty-two payment instalment of the ngainst twenty-two and twenty-four The demanded first thereof Planters' hundred in specie. cents, Bank and bonds, amounting to the sum of $125,000 will be due next July. No provision has of the been made for its payment. One Circuit Judges has decided that recoveries to cannot be bad on the notes belonging the Sinkinz Fund. The fund is specially appropriated to the payment of the two firs! instalments of the Planters' Bank bonds. The Mississippi Union Bank, herealter, will be totally unable to pay the interest on the five millions of State bonds issued in the year 1838. In my last annual message, I informed last that I had declined executing the five you and a half millions of State bonds, called for by the Misissippi Union Bank. Having a well founded apprehension that to attampt would be made illegally dispose an of the five millions of State bonds, issued in the year 1839, and delivered to

12. January 9, 1841 Lexington Union Lexington, MS

Click image to open full size in new tab

Article Text

To the Debtors OF THE COMMERCIAL & RAIL ROAD Bank of Vicksburg. Y a clause in the assignment of the property and effects of the above Bank on the 15th February last, which is recorded, the debtors are secured in the right to pay in the paper of the Bank un(ii) the 15th of February next, upon any debt due it, and to pay it afterwards upon all debts which shall by that day be "secured" to the satisfaction of the as. signees. Those debts which by that time shall not be so secured will be subject to such rule as may be adopted in carrying the trust into effect. The clause referred to is as follows: to wit :-" The trustees shall proceed to collect and hold the proceeds of such sales and also to collect and realise in money the most that may be practicable from the bonds, Bills of Exchange, Bills receivable, Notes, Accounts, claims, judgments, demands, choses in action and profits of said Rail Road, from and after the time of its completion to Jackson, hereby transferred and assigned to them -Provided, that however the said trustees shall in no case refuse to receive from debtors to said President, Directors and Company of the Commercial and Rail Road Bank of Vicksburg the bank notes, checks, post notes certificates of deposit, and Bills receiveable due from said Bank, or any of its branches in payment of debts due to the said President, Directors and Company of the commercial and Rail Road Bank of Vicks. burg, provided such debtor or debtors shall give sufficient security for the amount of his, her, or their liabilities within twelve months after the registratation of this deed of trust. of W. W. FRAZIER, /THOS. E. ROBBINS, Assignees :WM. S. BODLEY. 2-3m. November 21, y

13. February 20, 1841 Columbus Democrat Columbus, MS

Article from Columbus Democrat, February 20, 1841

Click image to open full size in new tab

Article Text

To the Debtors OF THE COMMERCIAL s RAIL ROAD BANK OF VICKSBURG. Y a clause in the assignment of the property and B effects of the above Bank on the 15th Februay last, which is recorded, the debtors are secured in he right to pay in the paper of the bank until the 15th of February next, upon any debts due it. and to pay it afterwards upon all debts which shall by that day be secured to the satisfaction of the signers. Those debts which by that time shall not be secured will be subject to such rule as may be adopted in carrying the trust into effect. The clause referred to is as follows : " The trustees shall proceed to collect and holds the proceeds of such sales, and also to collect and realise in money the most that may be practicable from the bonds, bills of "exchange, bills receivable, notes, accounts, claims, judgments, demands, chose in action and profits of said Rail Road. from and alter the time of its completion to Jackson, herely transferred and assigned to them. Provided, however that said trustees shall in no case refuse to re ceive from debtors to said President, Directors and Company of the Commercial and Rail Road Bank of Vicksburg the bank notes, checks, post notes cer' tificates of deposite, and bills receivable due from said Bank or any of its branches in payment of debts due to the said President, Directors and Company of the Commercial & Rail Road Bank of Vicksburg provided such debtor or debtors shall give sufficient security for the amount of his, her or their liabilities within twelve months after the registration of this deed of trust. W. W. FRAZER THOS. S. ROBINS Assignees WM. S. BODLEY. 20-13w Nov. 21, 1840.

14. February 20, 1841 Lexington Union Lexington, MS

Article from Lexington Union, February 20, 1841

Click image to open full size in new tab

Article Text

To the Debtors OF THE COMMERCIAL & RAIL ROAD Bank of Vicksburg. Y a clause in the assignment of the B property and effects of the above Bank on the 15th February last, which is recorded, the debtors are secured in the riginto pay in the paper of the Bank un(il the 15th of February next, upon any debt due ii, and to pay it afterwards upon all debts which shall by that day be "secured" to the satisfaction of the assignees. Those debts which by that time shall not be so secured will be subject to such rule as may be adopted in carrying the (rust into effect The clause referred to is as follows : to wit :-" The trustees shall proceed to collect and hold the proceeds of such sales and also to collect and realise in money the most that may be practicable from the bonds, Bills of Exchange, Bills receivable, Notes, Accounts, claims, judgments, demands, choses in action and profits of said Rail Road, from and after the time of its completion 10 Jackson, hereby transferred and assigned to them -Provided, that however the said trustees shall in no case refuse to receive from debtors to said President, Directors and Company of the Commercia and Rail Road Bank of Vicksburg the bank notes, checks, post notes certifi cates of deposit, and Bills receiveable due from said Bank, or any of its branches in payment of debts due to the said President, Directois and Company of the com mercial and Rail Road Bank of Vicks. burg, provided such debtor or debtors shall give sufficient security for the amount of his, her, or their liabilities within twelve months after the registratation of this deed of trust. W. W. FRAZIER, THOS. E. ROBBINS, Assignees WM. S. BODLEY. 2-3m. November 23,

15. February 27, 1841 Lexington Union Lexington, MS

Article from Lexington Union, February 27, 1841

Click image to open full size in new tab

Article Text

To the Debtors OF THE COMMERCIAL & RAIL ROAD Bank of Vicksburg. Y a clause in the assignment of the property and effects of the above Bank on the 15th February last, which is recorded, the debtors are secured in the right to pay in the paper of the Bank un(il the 15th of February next, upon any debt due it, and to pay it afterwards upon all debts which shall by that day be "secured" to the satisfaction of the assignees. Those debts which by that time shall not be so secured will be subject to such rule as may be adopted in carrying the trust into effect. The clause referred to is as follows: to wit :-" The trustees shall proceed to collect and hold the proceeds of such sales and also to collect and realise in money the most that may be practicable from the bonds, Bills of Ex. change, Bills receivable, Notes, Accounts, claims, judgments, demands, choses in action and profits of said Rail Road, from and after the time of its completion to Jackson, hereby transferred and assigned to them -Provided, that however the said trustees shall in no case refuse to receive from debtors to said President, Directors and Company of the Commercial and Rail Road Bank of Vicksburg the bank notes, checks, post notes certificates of deposit, and Bills receiveable due from said Bank, or any of its branches in payment of debts due to the said President, Directors and Company of the commercial and Rail Road Bank of Vicks. burg, provided such debtor or debtors shall give sufficient security for the amount of his, her, or their liabilities within twelve months after the registratation of this deed of trust. W. W. FRAZIER, THOS. E. ROBBINS, Assignees WM. S. BODLEY. November 21, 2-3m.

16. June 19, 1841 Columbus Democrat Columbus, MS

Article from Columbus Democrat, June 19, 1841

Click image to open full size in new tab

Article Text

To the Debtors OF THE COMMERCIAL & RAIL ROAD BANK OF VICKSBURG. Y a clause in the assignment of the property and B effects of the above Bank on the 15th Februay last, which is recorded, the debtors are secured in he right to pay in the paper of the bank until the 5th of February next, upon any debts due it, and to pay it afterwards upon all debts which shall by that day be secured to the satisfaction of the signers. Those debts which by that time shall not be secured will be subject to such rule as may be adopted in carrying the trust into effect. The clause referred to is as follows: " The trustees shall proceed to collectand holds the proceeds of such sales, and also to collect and realise in money the most that may be practicable from the bonds, bills of exchange, bills receivable, notes, accounts, claims, judgments, demards, chose 11 action and profits of said Rail Road, from and alen the time of its completion to Jackson, hereby leansferred and assigned to them. Provided, however that said trustees shall in no case refuse to re leive from debtors to said President, Directors and Company of the Commercial and Rail Road Bank of Vicksburg the bank notes, checks, postnotes cer tificates of deposite, and bills receivable due from said Bank or any of its branches in payment of debts due to the said President, Directors and Company of the Commercial & Rail Road Bank of Vicksburg provided such debtor or debtors shall give sufficient security for the amount of 'his. her or their liabilities within twelve months after the registration of this deed of trust. W. W. FRAZER THOS. S. ROBINS Assignees WM. S. BODLEY. 20-13w Nov. 21, 1840.