11173. National Bank (Vicksburg, MS)

View Charter #803 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
803
Charter Number
803
Start Date
January 19, 1868
Location
Vicksburg, Mississippi (32.353, -90.878)

Metadata

Model
gpt-5-mini
Short Digest
6bf4d11f

Response Measures

None

Receivership Details

Depositor recovery rate
49.2%
Date receivership started
1868-04-24
Date receivership terminated
1882-11-25
OCC cause of failure
Fraud
Share of assets assessed as good
22.9%
Share of assets assessed as doubtful
53.1%
Share of assets assessed as worthless
24.0%

Description

Articles show the National Bank (Vicksburg, MS) suspended payment (reported Jan 19, 1868) and subsequently failed to redeem its notes; Controller declared its bond deposit forfeited and a receiver (Edwin F. Brown) was appointed (reported May 1868 and repeated in Dec 1868). Later (1873) dividends to creditors are being paid by the Comptroller, confirming liquidation under receivership. No explicit depositor run is described in the sources — sequence is suspension followed by receivership/closure.

Events (5)
1. February 14, 1865 Chartered
Source
historical_nic
2. January 19, 1868 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended payment (unable to meet obligations); later material indicates failure to redeem notes and insolvency rather than a rumor-driven panic.
Newspaper Excerpt
The National Bank of Vicksburg has suspended payment.
Source
newspapers
3. April 24, 1868 Receivership
Source
historical_nic
4. May 25, 1868 Receivership
Newspaper Excerpt
The Controller of the Currency has declared the bonds to secure circulation deposited with the United States Treasurer by the National Bank of Vicksburg, Miss., forfeited to the Government, that bank having failed to redeem its notes. ... National Bank of Vicksburg, Miss., Edwin F. Brown receiver (reported).
Source
newspapers
5. September 22, 1873 Other
Newspaper Excerpt
The comptroller of the currency is paying ... thirty-five per cent. to the creditors of the national bank of Vicksburg, Miss.. (dividends paid to creditors as part of liquidation).
Source
newspapers

Newspaper Articles (9)
1. January 19, 1868 The New Orleans Crescent New Orleans, LA
Article from The New Orleans Crescent, January 19, 1868

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"> Illinois wine growers have associated. IIII8 of Cushing Gen. Grant has at last "surrendered." Pitkin was not beaten by Sypher, but came down like Crockett's coon. The National Bank of Vicksburg has suspended payment. Murdoch is to give readings from Dickens's works, in Philadelphia. Bion Bradbury, an old Democrat, has been nominated collector of Portland, Maine. The New York World is to issue an almanac for *8981 The funny editor of the Mobile Register will make us snicker right eout," if he don't mind. our uo Speing 18 IIej MOUS JO inches *!S 1319. The Mobilians are now enjoying the "Black Crook." M'lle Janauschek is admired by the Cincinnatians. Roasted pumpkin seeds, very nice, are sold in the streets of Venice. Bayard Taylor dines and wines in Venice for forty cents. Snow two and a half inches deep has fallen in I Gen. Grant called on the president after leaving the war office. Felis suggests that Forrest has many admirers outside the city, and would probably be listened to by them in Tensas (intense awe.) How easy it would be to respond to the numerous calls for relief with the money squandered for cigars and whisky. Hobbes, the gushing fellow, says the wedding Paintown secume B UMOD Homing melopy s! 1100 into a bed of rose-leaves. The New York Evening Post and the Journal of Commerce are reported to have cleared $175,000 and $150,000 respectively last year. To the public It is safe to conclude that nobody our Jo eye persu ey: 01 visible 8[ an unless " visitor. It appears that sportsmen have had fine times near Bastrop, Morehouse parish, in shooting wild pigeons. Jackson's motto in 1830-' The Union. it must be preserved.' Democratic motto in 1867-" The eq isnue # United The Charter election in Watertown, New York, on Monday, was carried by the Democrats by one hundred and fifty majority. seq Mobile, 18 Busteed expnf tous очм Marting, been removed from the office of district attorney, and Mr. E. H. Grandin appointed in his place. The Chicago Republican mildly observes, it is well for the country that the arch-traitor in the White House is constitutionally a coward." In 1816 potatoes were purchased in Ireland for eight cents per busbel and shipped to Baltimes where they were sold for two dollars per busts, The Mobile Times says there is not a blunder in the Mobile directory for this year. Reason-no directory. Hobbes says a peculiar kind of pedestrianism has sprung up at the Hub: Young men walk off without settling their board bills. alarm us cansed 48081 quit V of fire in Peoria. They took her for & belle, prcDon't stand in an open door on a cold day to ask the nonsensical question, "Is Mr. So-and-so in?" when it is plain to the most casual observer that he isn't. Horace Greeley says that during the Clay and AB us eq 1844 u! CERTASS Poll erage of three columns of editorial for the Tribune every day. The Charleston Courier learns that James Gordon Bennett. Jr., proposes to commence planting 1847 Jo the u! 1stands the Jo euo uo conjunction with three or four other capitalists. Bishop Potter's diocese of New York is to have 07 !! bish Island SuorT eye MeH OM1 Albany jo 000 our £000'09$ Jo punj 8 Pajse assist IIIM Truity *000'08$ JO punj 8 Tooy pus the people of Albany. George Pomeroy, of New York, formerly of the firm of Pomeroy & Benton, dry goods merchants sig Hus 8 unDeq has 48 Jo Jo tunous the 04 *000'000' I$ The Pall Mall Gazette styles Presidential messages as dreary reading. Whereupon an Ameri can critic responds that the difference between English and American rhetoric is equivalent to the distinction between dreary and Dundreary Vanderbilt has commenced reducing expenses on the New York Central Railroad by cutting down the hours of labor in the shops to eight heurs, with pay in accordance, and has prohibited the directors of the road from riding free, except with passessigned by himself or the vice president. The London Times, in view of the recent treatment received by Dickens in this country, is quite that 'slus # Nothing " 'sn THE Mr. Dickens can tell the world will testify more strongly to the generous character of the American people than their own conduct toward him." A Paris landlady requested a Christmas party on the third floor to cease dancing, as a man below them was dying. The quests acquiesced. Returning an hour later, My dear children," she exclaimed, with the most benevolent smile, you may begin again, he is dead 111 Fifty-five paupers in the Almshouse at New. buryport, Massachusetts, cost the town 487 last year. The people are considering the propriety of abolishing the institution, and boarding the inmates at the hotels, as measure of economy. In the Massachusetts legislature, on the 14th, the committee on the subject made a report to the house recommending the repeal of the law establishing the State constabulary. A bill was also introduced to regulate the sale of intoxicating liquors. Charles Lamb's reply to the billingsgate of a fishwoman by simply calling hera pronoun, seems the height of absurdity.- [N. Y. Com. Adv. 11 Thank SEM 11 sure 'M'LSI Murray, or Lord Mansfield ?- [Mobile Times. Possibly "T. W meant to refer to the encounter between Daniel O'Connell and the fishwoman, when he called her a paralielipipedon.

2. May 26, 1868 New-York Tribune New York, NY
Article from New-York Tribune, May 26, 1868

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WASHINGTON. SOMNOLENCY IN THE SENATE-MR. CARY ON REPUDIATION-THE CIGAR STORY-ARREST OF WOOLLEY-THE NEW DEMOCRATIC CANDIDATE-THE POLITICAL HORIZON. ABY TELEGRAPH TO THE TRIBUNE. WASHINGTON, Monday, May 25, 1868. In the Senate to-day the proceedings were dull and uninteresting. A general air of drowsiness prevailed in the chamber. A memorial of captains and pilots on the Ohio River, protesting against the construetion of any more bridges over that river of less than 500 feet span, was referred to the Committee on Post Offices and Post Roads. Mr. Trumbull gave notice that he should call up the bill admitting Arkansas to representation in Congress on Wednesday next. Mr. Drake offered a substitute for the entire bill. The army appropriation bill and one or two other measures of no general importance were passed, after which the Senate adjourned. In the House to-day, Mr. Carey of Ohio introduced a buncombe repudiation resolution, which was referred to Committee. Judge Schofield made a report from the Committee of Elections, deciding in favor of Mr. Delano In the contested election case of Delano agt. Morgan, of the XIIIIth District of Ohto. Mr. Delano is a Republican. The sitting member, Morgan, is a Democrat. Mr. Scheuck promised to call up the new Internal Tax bill on Wednesday next, and asked immediate action. Conweiderable debate followed on this subject, during which a Mesire to adjourn at an early day was developed. Mr. Schenck thought that the House could finish the Tax bill In three weeks, but others thought it would take two months. Mr. Washburne of Illinois and Mr. Eliot advoxated the postponement of the bill until next session, and tsaid that they would so demand when the bill should properly come before the House. This question of adjourning early in July and leaving over to next session the Tax and Tariff bills and all the big schemes before Congress is to be tested when the Tax bill comes up. Mr. Washburne will ask for a vote to get the sense of the House. The Grant and Colfax cigar story has got into the papers incorrectly, and this is really what occurred: The Speaker was at the Headquarters the morning before the nomination, reading to the General his Chicago telegrams up to midnight, which the General had wished to see. Both were smoking, and the General asked, Where do you get these cigars that are named for you? They suit my taste exactly." The Speaker replied that a RepubCican German, named Henry Bernd, at Danbury, Conn., had named them for him; and he, with other CongressNmen, used them exclusively. The General immediately twrote a letter ordering a thousand, and, as he has not the )franking privilege, the Speaker said as the letter was for Colfax cigars he would depart from his usual rule of not branking letters for others, and franked it. When it reached Danbury, the German had the Republican candidates for President and Vice-President on one letter. The Sergeant-at-Arms(of the House arrested Mr. Woolley to-night, in his rooms in a hotel here, and now has him in custody. He will appear before the Bar of the House tomorrow and make answer through his counsel, Messrs. Merrick and Brent. A large erowd visited the White House to-day, Collect I Emythe was among the callers. A special dispatch from Baltimore says that ChiefJustice Chase is urged as the Democratic candidate for the Presidency, as he can unite all the Democratic factions, and in addition get many electoral votes from the South, and combine the support of Conservative dissatisfied Republicans. This rumor has excited considerable interest here to-day, owing to the faet that it is supposed to emanate from the White House, as the correspondent who wrote the dispatch holds the place of official stenographer to the President. [Evening Post. It 18 the intention of the Light-House Board to substitute iron screw-pile light-houses for the light-ships now in service, as far as may be practicable. Several have been already substituted, and the work is to be pushed Forward as rapidly as possible. One of the Nez Perce Indians who arrived here about a |week ago from Idaho, with a delegation of four of that tribe in charge of Agent O'Neill, died this morning, aged 175 years. Special orders from the War Department, issued to-day, announce that Brevet Major-Gen. C. House has been assigned to the command of Fort Washington, Md., and that Col. William Chapman has been retired from the service, and relieved from duty in the Second Military District. The Controller of the Currency has declared the bonds to secure circulation deposited with the United States Treasurer by the National Bank of Vicksburg, Miss., forfeited to the Government, that bank having failed to redeem its notes. The Chicago delegates and visitors are returning full of confidence in the ticket. The organization of the party for the campaign has already commenced. Gov. Claflin of Massachusetts has been appointed Chairman of the National Executive Committee. Speaker Colfax will take the stump on the adjournment of Congress.

3. December 8, 1868 The New York Herald New York, NY
Article from The New York Herald, December 8, 1868

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THE CURRENCY. REPORT OF COMMISSIONER H. R. HULBURD. We have alrealy published abstracts of the important report of Hon. H. R. Hulburd, Comptroller of the Currency, and proceed to add those portions not heretofore given as we find them in the full report of the document:NATIONAL BANKS. Since the last annual report twelve national banks have been organized, of which five are new associations. One was organized to take the place of an existing State bank and six were organized to take the place of national banks previously organized but now in liquidation and winding up, making the total number organized up to October, 1685. From this number should be deducted fifty-six, leaving the number in active operation 1,629. The banks to be excluded are the following:Never Completed their Organization so as to Commence Business.-First National Bank of Lansing, Mich., No. 232; First National Bank of Penn Yan, N. Y., No. 169; Second National Bank of Canton, Ohio, No. 463; Second National Bank of Ottumwa, Iowa, No. 195. Superseded by Subsequent Organization with the Same Titles.-First National Bank of Norwich, Conn original No. 65, present No. 458; First National Bank of Utica, N. Y., original No. 120, present No. 1,895. In Voluntary Liquidation.-First National Bank of Columbia, Mo.; First National Bank of Carondelet, Mo.: National Union Bank of Rochester, N. Y.; National Bank of the Metropolis, Washington, D. C.; First National Bank of Leonardsville, N. Y.; Farmers' National Bank of Richmond, Va.; Farmers' National Bank of Waukesha, Wis.; City National Bank of Savannah, Ga.; National Bank of Crawford county, Meadville, Pa.; First National Bank of Elkhart, Ind.: First National Bank of New Ulm, Minn.; Pittston National Bank, Pa.: Berkshire National Bank of Adams, Mass.: Fourth National Bank of Indianapolis, Ind.; Kittaning National Bank, Kittanning, Pa.; First National Bank of Providence, Pa.: National State Bank of Dubuque, Iowa; Ohio National Bank or Cincinnati, Ohio. Since October 1, 1867-First National Bank of Kingston, N. Y.; First National Bank of Blufton, Ind.; First National Bank of Skaneateles, N. Y.; First National Bank of Jackson, Miss.; First National Bank of Downingtown, Pa.; National Exchange Bank of Richmond, Va.: Appleton National Bank of Appleton, Wis.; National Bank of Whitestown, N. Y.; First National Bank of New Brunswick, N.J.; First National Bank of Titusville, Pa.; First National Bank of Cuyahoga Falls, Ohio; First National Bank of Cedarburg, Wis.: Commercial National Bank of Cincinnati, Ohio; Second National Bank of Watertown. N. Y.; Second National Bank of Des Moines. Iowa; First National Bank of South Worcester, N. Y.; National Mechanics' and Farmers' Bank of Albany, N. Y.; First National Bank of Plumer, Pa. or the banks in liquidation the following are winding up for the purpose of consolidating with other banks:-Pittston National Bank, Pittston. Pa., with the First National Bank of Pittston; Berkshire National Bank of Adams, Mass., with the First National Bank of Berkshire; Fourth National Bank of Indianapolis, Ind., with the Citizen's National Bank of Indianapolis; Kittanning National Bank, Kittanning, Pa., with the First National Bank of Kittanning; First National Bank of Providence, Pa., with the Second National Bank of Scranton, Pa.; National State Bank of Duouque, Iowa, with the First National Bank of Dubuque: Ohio National Bank of Cincinnati, Ohio, with the Merchants' National Bank of Cincinnati: First National Bank of Titusville, Pa., with the Second National Bank of Titusville; National Ex change Bank of Richmond, Va., with the First National Bank of Richmond: Second National Bank of Watertown, N. Y., with the First National Bank of Watertown. The following banks in liquidation are succeeded by new organizations, which are to take their circulation as fast as it 18 redeemed, this being the only process by which a change of location can be effected:-First National Bank of Downingtown, Pa., succeeded by the First National Bank of Honeybrook, Pa.: First National Bank of New Brunswick, N. J., succeeded by the Princeton National Bank, Princeton. N. J.: Second National Bank of Des Moines, Iowa, succeeded by the Pacific National Bank of Council Bruds, Iowa: First National Bank or Plumer, Pa., succeeded by the First National Bank of Sharon, Pa. The following national banks have failed to redeem their circulating notes and receivers have been appointed for them:-First National Bank of Attica, N. Y., Leonidas Doty receiver: Venange National Bank of Franklin, Pa., Harvey Henderson. re. ceiver; Merchants' National Bank of Washington, D. C., James C. Kennedy receiver: First National Bank of Medina, N. Y., Edwin P. Healey receiver: Tennessee National Bank of Memphis, Tenn., Willliam A. Hill receiver; First National Bank of Newton, Newtonville, Mass., D. Wayland Jones receiver; First National Bank of Selma, Ala., Cornellus Cadle, Jr., receiver: First National Bank of New Orleans, La., Charles Case receiver; National Unadilla Bank, Unadilla, N. Y., Lewis Kingsley receiver; Farmers' and Citizens' National Bank of Brooklyn, N.Y., Frederick A. Platt receiver; Croton National Bank of the City of New York, C. P. Bailey receiver; National Bank of Vicksburg, Miss., Edwin F. Brown receiver: First National Bank of Keokuk, Iowa, H. W. Sample receiver; First National Bank of Betbel, Conn., E. 8. Tweedy receiver. The affaire of the Frest National

4. September 22, 1873 New-York Tribune New York, NY
Article from New-York Tribune, September 22, 1873

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CURRENT TOPICS AT THE CAPITAL. WASHINGTON, Sept. 21. 1873. IMPORTANT CESSION OF LANDS BY THE UTES. The Hon. Felix R. Brunot, Special Commissioner under act of Congress April 23, 1872, to negotiate with the a cession of part of their reservation, accompaThomas K. Cree, Secretary, and interpreter, arrived at the Spanish nied Utes by for Los Pinos in Dr. the Phillips. Agency, CocheColorado, Sept. 5. The Agency is located of mountains. 250 miles west of Denver, Col., reached after five days' topa and was range only journey the in arrival a carriage. The Utes had been waiting of the Commissioners for some two weeks. The Labequanche. Denver, Muache, and Capote Utes were represented in council. There were special difficulties in the way of a successful negotiation, surveying parties representing the General Government, the miliand the Territory, being on the reservation in vioof agreements, running lation tary, previous lines excluded according to which certain parts of the reserve were as such, causing much ill-feeling among the Indians. In addition to this, the annuity goods shipped from New-York June 1 had not yet reached the agency, and the distribution which the Commission hoped to make at the council could not therefore be made. The council lasted several days. and the result was the ceding to the Government by the Indians of all the mining country, some 3,000,000 acres, being most of the land lying between the 37th and 38th degrees of latitude, and the 107th and 109th degrees of longitude. except a narrow strip on the southern side, on which many of the Utes had farms. On this it is proposed to gather the Wenninches, Muache and Capote Utes, and a portion of the Jicarilla Apaches, now at,the Sierra Aenarilla and Cimarron Agencies, New Mexico. This arrangement disposes of the two troublesome sub-agencies, and gathers these wandering bands of Utes upon their reservation. The price for the land is to be given mostly for the support of the new agency. and for those Indians for which there has been heretofore no regular provision made by the Government. The part ceded is rich in mines of gold and silver, some 400 mines and some valuable machinery being now upon the reservation. One company at the part day in silver ore. been friendly to have ininers almost at will over their $1,000 always past work to wander two per upon years permitted the ceded whites. reservation, The is and and taking Government prospecters Utes although for have out the the treaty expressly stipulated that the will prevent all whites from going upon the reservation. The arrangement with the Utes is not a treaty, but only an article of agreement entered into in accordance with an act of Congress authorizing the negotiation. This is the agreement which Gov. McCook's Commission tried to make last year but failed. It the second successful negotiation for a cession of Indian lands to the Government made out by Mr. Brunot this year. Mr. Brunot telegraphed Secretary Delano from Denver, ou Friday, that nearly all the Utes present at the Councit had signed the agreement, and that Mr. Cree would remain for the signatures of the others. This telegram closed as follows: Onraie is to take the contract to Washington, accompanied by Agent Adams and some Cimarron Uies, the chief object being to settle questions which it was not expedient to introduce in the negotiations. The negotiation was difficult. and the result very satisfactory. The Utes will never go to war with the whites save on compulsion." PAYMENT OF DIVIDENDS TO NATIONAL BANK CREDITORS. The Controller of the Currency is paying dividends of 25 per cent to the creditors of the First National Bank of Rockford, Illinois; 100 per cent to the creditors of the First National Bank of Fort Smith, Arkansas, and 35 per cent to the creditors of the National Bank of Vicksburg. Miss. Dividends of 35 per cent to the creditors of the First National Bank of Selma. Ala., and of 15 per cent to the creditors of the Atlantic National Bank of New-York, will be paid as soon as the necessary schedules can be prepared. Dividends to the creditors of the First National and Crescent City National Banks of NewOrleans will also be inade in the month of October. AMERICAN PROPERTY IN CUBA TO BE RETURNED The Department of State has received information from Madrid that positive orders have been sent to the Captain-General of Cuba to raise all embargoes on the property of American citizens, and return the same to the owners, and that he replies that all our reclamations for restoration of embargoed property have been deeided favorably to the applicants, and no claim of this kind is now pending. The Spanish Government has nevertheless sent further orders suspending the sale of embargoed property belonging to our citizens, no matter if not claimed. THE REMOVAL OF DIFFERENTIAL DUTIES. The State Department has prepared a proclamation relative to the differential duties with France. which will be immediately forwarded to the President for his signature. There is no doubt that the President will direct its immediate promulgation. The proclamation declares that in view of the abotition of discriminating duties against merchandise imported into France in American vessels. the differential duties imposed upon goods imported into this country in French bottoms will be removed on and after Oct.1

5. September 22, 1873 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, September 22, 1873

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WASHINGTON, September 20.-The comptroiler of the currency is paying dividends of twenty-five per cent. to creditors of the first national bank of Rockford, Illinois, one hundred per cent. to the creditors of the first national bank of Fort Smith, Arkansas, and thirty-five per cent. to the creditors of the national bank of Vicksburg. The comptroller of currency has directed the collecti 13 paper of the first national bank of Washington to be deposited for collection with the National Metropolitan bank, and correspondents are requested to correspond with the latter bank in reference thereto, and thus facilitate the business of the receiver.

6. September 22, 1873 The Daily State Journal Richmond, Alexandria, VA
Article from The Daily State Journal, September 22, 1873

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WASHINGTON. Suspended and Broken National Banks -Measures Taken to Liquidate their Indebtedness. WASHINGTON, September 21.-The comptroller of the currency is paying dividends of twenty-five per cent. to the creditors of the First national bank of Rockford, Illinois; one hundred per cent. to the creditors of the First national bank of Fort Smith, Arkansas, and thirty-five per cent. to creditors of the national bank of Vicksburg, Mississippi dividends of thirty-five per cent. to the creditors of the First national bank of Selma, Alabama, and fifteen per cent. to the creditors of the Atlantic national bank of New York, will be paid as soon as the necessary schedule can be prepared. Dividends to the creditors of the First national bank and Crescent City national banks of New Orleans will also be made in the month of October. The comptroller of the currency has directed the collection paper of the First national bank of Washington to be deposited for collection with the National metropolitan bank, which is located next door. Correspondents are requested to correspond with the latter bank in reference thereto, thus facilitating the business of the receiver. Items. WASHINGTON, September 22.-A piivate dispatch from Shreveport in relation to the yellow fever is discouraging. Information has been received here announcing the conclusion of a treaty with the Ute Indians of Colorado, ceding to the United States four millions of acres of land, believed to be of great value on account of mineral deposits. One of the most remarkable features of our present financial disturbances, if not of all past commotions, is, that not one Jewish bank or banker has suspended ; and this leads to a consideration of the general fact that in Europe they are regarded by leading statesmen as the most clear-headed and reliable financiers.

7. September 22, 1873 The New York Herald New York, NY
Article from The New York Herald, September 22, 1873

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WASHINGTON. WASHINGTON, Sept. 1873. Commissioner Brunot's Successful Negotiation with the Indians-Three Million Acres of Mining Lands Obtained. Hon. Felix R. Brunot, special commissioner under act of Congress, April 23, 1872, to negotiate with the Utes, accompanied by Thomas K. Cree, Secretary, and Dr. Phillips, Span'sh interpreter, arrived at the Los Pinos agency, Colorado, September 5. The agency is located in the Cochetopa range of mountains, 250 miles west of Denver, and was only reached after five days' journey in a carriage. The Utes had been waiting the arrival of the commissioners for some two weeks. The Labequanche, Denver, Muache and Capote Utes were represented in council. There were special difficulties in the way of a successful negotiation, surveying parties representing the general government, the military and the Territory being on the reservation in violation of previous agreement, running lines according to which certain parts of the reserve were exas the in addition to cluded Indians; such, causing much which ill-feeling the annuity among goods shipped from New York June 1 had not yet reached the agency, and the distribution which the commission hoped to make at the council could not, therefore, be made. The council lasted several days, and the result was the ceding to the government by the Indians of all the mining country, some 3,000,000 acres, being most of the land lying between the thirty-seventh and thirtyeighth degrees of latitude and the 107th and 109th degrees of longitude, except a narrow strip on the southern side, on which many of the Utes had farms. on this it is proposed to gather the Wenninches, Muache and Capote Utes and a portion of the Jicarilla Apaches, now at Tierra Acnavilla and Cimarron agencies, New Mexico. This arrangement disof the two troublesome poses sub-agencies, Utes and this gathers these wandering bands of upon reservation. The price for the land is to be given mostly for the support of the new agency, and for those Indians for whom there has been heretofore no regular provision made by the government. The part ceded is rich in mines of gold and silver, some 400 mines and some valuable machinery being now upon the reservation. One company at work upon the part ceded is taking out $1,000 per day in silver ore. The Utes have always been friendly to the whites, and for the past two years have permitted miners and prospectors to wander almost at will over their reservation, although the treaty expressly stipulates that the government will prevent all whites from going upon the reservation. The arrangement with the Utes is not a treaty, but only an article of agreement entered into in accordance with an act of Congress authorizing the negotiation. This is the agreement which Governor McCooke's commission tried to make last year, but failed. It is a second successful negotiation for a cession of Indian lands to the government made out by Mr. Brunot this year. Dividends to the Creditors of Insolvent Bank. The Comptroller of the Currency is paying dividends of twenty-five per cent to the creditors of the First National Bank of Rockford, Ill.; 100 per cent to the creditors of the First National Bank of Fort Smith, Arkansas, and thirty-five per cent to the creditors of the National Bank of Vicksburg, Miss.; dividends of thirty-five per cent to the of the First National Bank cent to the the and creditors of fifteen per creditors of Selma, of Ala., Atlantic National Bank of New York will be paid as soon as the necessary schedules can be prepared. Dividends to the creditors of the First National and Crescent City National banks of New Orleans will also be made in the month of October.

8. September 23, 1873 Wilmington Daily Gazette Wilmington, DE
Article from Wilmington Daily Gazette, September 23, 1873

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The Keystone Bank-Its Suspension Monday Morning. The State financial institutions in Philadelphia are one by one suspending payment, in consequence of the inability on their part to secure currency. The one cry is "Greenbacks! Greenbacks!" to which, unfortunately, there in no response. This morning the Keystone Bank, on Chestnut stteet, opposite the Mint, refused to cash checks, believing that justice would be better meted out to all by suspending at once instead of paying on the start some tifteen or twenty depositors to the exclusion of the rest. The bank has on hand any amount of securities, but all are holding their greenbacks for their own particular purposes.The difficulty is not in the drawing out of large amounts, but all are retaining their deposits to meet their own payments, fearing that a call upon the bank would not be promptly met. The mational banks this morning were to have furnished certain amounts in currency, but instead they sent their cheeks. The officers have been mying to those who caffed with checks that they hoped to pay currency in the morning.-Telegraph of Monday. DIVIDENDS TO CREDITORS OF BANKRUPT NATIONAL BANKS. The Controller of the Currency is paying dividends of 25 percent. to the creditors of the First National Bank of Rockford, Illinois ; 100 per cent. to the creditors of the First National Bank of Fort Smith, Arkansas, and 35 per cent. to the creditors of the National Bank of Vicksburg, Mississippi. Dividends of 35 per cent. to the creditors of the First National Bank of Selma, Alabama, and of 15 per cent. to the creditors of the Atlantic National Bank of New York, will be paid as soon as the necessary schedules can be prepared. Dividends to the creditors to the First National and Crescent City National Banks of New Orleans, will also be made in the month of October.

9. September 24, 1873 Knoxville Weekly Chronicle Knoxville, TN
Article from Knoxville Weekly Chronicle, September 24, 1873

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LONDON, Sep. Noon. The news from New York causes a better feeling. American securities, five's 913 Erie's 44g. Later, Erie 45. Later, Erie 451. How The Union Trust Company was Swindled. NEW YORK, Sept. 20.-Mr. Carlton the defaulting Secretary of the Union Trust Company, had made loans to friends and relatives on securities which was regarded as doubtful. One loan of $20,000 to his father, Rev. Dr. Carlton of the Methodist Book Concern notoriety, the security for one loan is good but others are of no value. Carlton has had almost the entire management of this great financial institution. Bedlam Running Loose. In alluding to the suspension operations by the members of the Stock Exchange, the Evening Express says, too much praise cannot be awarded to the men who conceived and carried out this master stroke of policy. Bedlam was running loose and the craze was rapidly communicating itself to the outside multitude. Nothing remained but to shut the door and try and bring back the bulls and bears alike to their sense. The defalcation of the Union Trust Company is a half a million. The Bank of North America has not suspended. The Western Union Telegraph stock is only worth 57 cents. The Clearing House announces its inability to make a general clearing account, and dealers' inability to obtain properly certified checks. NEW YORK, Sept. bank Presidents at their meeting this afternoon, passed a resolution to issue immediately $10,000,000 injoan certificates. No regular money market, gold closed at $1.11 (a1.12. State bonds, nothing doing. WASHINGTON, Sept. 20.-The Western markets show a general stand in transactions without any change in value. TORONTO, CAN., Sept. 20.-H. J. Morse & Co., bankers have suspended. The President and Secretary Richardson in New York. NEW YORK, Sept. 21-Sunday night. General Grant arriveda t the Fifth Avenue Hotellat 5 o'clock this evening, and Secretary Richardson, is expected here tomorrow morning. Drexel Morgan & Co., Honry Clews and George Opdyke, were among those who called on the President this evening. Senator Morton is in the city, and it is said will be present at the conference tomorrow. He attended the meeting of the Bank Presidents at the Clearing House of Friday. The corridors of the Fifth Avenue Hotel were again crowded to excess to-night, and the financial crisis, formed the subject of general conversation. A slight rumor of the failure of several of the eastside Savings Banksis reported. The Policy of the Government. MONDAY, Sept. 22.-It is officialty announced that Richardson will continue to buy bonds at Saturday's quotations. Secretary Richardson said last night he did not see that he had the power to do more than buy bonds, and all five twenties offered will be bought without delay or red tape. The Government, the Secretary added, is not a trust company.or a loan institution and it is doubtful whether Congress would sanction any such construction of my power. The power above alluded to is the using of $40,000,000 of reserves. Thirty savings banks have resolved to rigidly enforce the previous notice clause. James Martin, of Bloomfield, N. J. was found dead in the streets. He had a large amount of money. The Union Trust Company is in the hands of a'Receiver. The Stock Exchange remains closed today. A message from the Clearing House says every check passed through the Clearing House will be paid; that the banks are in no danger and were never stronger. The firm of Marvin Brothers has suspended. All the banks have pulled through, except two. These two are settling*through the loan committee. All the savings banks are run on. The Clearing House Loan Committee have issued two and a half million dollars in Government certified checks and a million dollars in bonds. Large crowds are sailing to sell in Montreal and Europe the stocks bought at the shrinkage. The Gold Exchange has closed. $1.12 was established as a basis of settlement. The rate of interest was fixed for carrying 7c. The sub-treasury is buying five-twenties at $1.10 72-1000. A run has commenced on the Seaman's Bank. It pays sums of $100 and under. Larger sums must wait the law's delay. Setting up Suspended National Banks WASHINGTON, Sept. 21.-The Comptroller of the Currency is paying dividends of twenty-five per cent. to the creditors of the First National Bank of Rockford, IIlinois; one hundred per cent. to the creditors of the First National Bank of Fort Smith, Arkansas, and thirty-five per cent. to the National Bank of Vicksburg. Dividends of thirty-five per cent. to the creditors of the First National Bank of Selma, Ala., and of fifteen per cent. to the creditors of the Atlanta National Bank of New York will be paid as soon as the necessary schedules can be prepared. Dividends of to the creditors of the First National and