13289. Commercial Bank (Buffalo, NY)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
November 16, 1841
Location
Buffalo, New York (42.886, -78.878)

Metadata

Model
gpt-5-mini
Short Digest
cb6f74b753e06f35

Response Measures

None

Description

Contemporary articles report a rush on the Commercial Bank of Buffalo after the Comptroller directed its notes to be refused for tolls; the bank suspended specie payments by board determination on 16 Nov 1841 (invoked the ten-day suspension). A receiver (Stephen G. Austin) was appointed in January 1842 and the bank did not resume normal operations — later proceedings and receivers' sales of assets are reported through 1844. The bank was one of the New York Safety Fund banks mentioned in the pieces.

Events (4)
1. November 16, 1841 Run
Cause Details
Comptroller instructed that the bank's bills be refused in payment of tolls and collectors should no longer deposit with the bank, producing alarm and a depositor rush.
Measures
Bank availed itself of the ten days suspension allowed by law (suspended specie payments).
Newspaper Excerpt
the depositors became alarmed, and a rush ensued which soon compelled the Bank to avail itself of the ten days suspension allowed by law.
Source
newspapers
2. November 16, 1841 Suspension
Cause
Government Action
Cause Details
Suspension followed instructions from the Comptroller directing the bank's bills be refused for tolls and collectors to stop depositing with the bank, prompting depositor alarm and withdrawals.
Newspaper Excerpt
the Commercial Bank of that city, by determination of its Board of Directors, suspended specie payments on the 16th inst
Source
newspapers
3. January 19, 1842 Receivership
Newspaper Excerpt
Stephen G. Austin, Esq, of Buffalo, has been appointed Receiver for the Commercial Bank of Buffalo.
Source
newspapers
4. June 6, 1845 Other
Newspaper Excerpt
The Comptroller ... will redeem at par, the outstanding circulating bills of the ... Commercial Bank of Buffalo ... (notice of redemption under Act of 1845).
Source
newspapers

Newspaper Articles (17)
1. November 1, 1841 New-York Tribune New York, NY
Article from New-York Tribune, November 1, 1841

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la State Stocks the transactions were large at a decline of t. Illinois Sixes and Indiana 11. Kentucky Sixes 11. 60d 401 2.000 Illinois Sixes, 1870 403 do do 5,000 40 do do 4,000 53 401 do do 5,00 -10 451 1.000 Indiana Bonds 43 530 do do 1,000 43 do do 10000 bld 43) do do 5,900 43: nw do do 3,000 431 do do 2,000 801 1,000 Kentucky Sixes The transactions in Foreign Exchange to-day for the Cunard steamer were not very extensive, but the rates were without change. Sterling 94 a 103 : Francs 5,18g a 5,20. Some sales of Sterling were reported at 91. On Philadelphia to-day the rate is rather worse. We note 33 4. Baltimore 2 a 21. We have been unable to learn the amount of specie go ing in the steamer, but it is undoubtedly large. One of our offices has $3,000 risks on -pecie by her. The Oxford for Liverpool has £55,000 engaged. The amount of -pecie shipped since the 15th inst. is upwards of $54,060, besides considerable amounts which have not been reported. From the 1st to the 27th, the amount was $1,269,000 of which 1,135,000 was silver The notes of the Bank of Buffalo are bought by the Brokers at 6 to S per cent. discount. The Bank of Olean at 16 a 20, Bank of Benwington 50 per cent. Some of the Brokers refuse to buy the Commercial Bank of Buffalo at better than 1 per cent. The Albany Evening Journal says that the notes of this Bank are received at all the Albany Banks. United States Bank note. are selling at 45 a 50 per cent. discount. A I rge parcel could probably be sold at 42 a 43. At auction to-day there was a sale of 34000 of North American Trust and Banking Company bonds at 5 cents on the dollar. Five notes payable in 1815 for $100 each of the Long Island Railroad Co. sold at 30 a 35 cents. The Receiver of the Commercial Bank is busily engaged in issuing certificates of indebtedness without, however, guaranteeing the indebtedness, but certifying that such amounts appear on the books of the Bank as due from the Bank. These certificate. are selling in Wall street at about SO cents on the dollar. The Philadelphia Sentinel states that the interest on the State Debt, due in February next, will be punctually paid. says, We have good grounds for saying that a large portion of the amount required for this purpose is already in the Treasury, and that the whole will be there in due time. The revenue set apart for the purpose will be scrupulously applied to it."

2. November 22, 1841 New-York Tribune New York, NY
Article from New-York Tribune, November 22, 1841

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Treasury Notes are selling at : to per cent discount. The packet ship North America, for Liverpool, takes $50,000 in specie, understood to be in gold. The Catharine, from Charleston, brings $60,000 or $70,000. of which $50,000 are Spanish dollars which have been in one of the Charleston Banks since 1810. American Halves were offered at the board at 1 premi; only me was offered. Mexican Doilars are 13 a 16. Five Franc 941 a 95 cts. Spanish Dollars are in some demand for India. The Greenfield Democrat says that the Amherst Bank is about winding up its affairs as fast as possible. A meeting of stockholders was held, and a deficiency of $50,000 discovered. So says report. The stockholders will sustain a heavy loss. A bill has passed the Senate of Georgia to remove the Georgia Railroad and Panking Company's principal office from Athens to Augusta. Ones of the Globe Bank of Providence, altered to fives, are in circulation at Beston. The Buffalo Commercial of the 17th says that the Com mercial Bank of that city, by determination of its Board of Directors, suspended specie payments on the 16th inst The result is understood to have been produced by recent instructions from the Comptroller, directing its bills to be refused in payment of tolls. and that the Collectors at Beffalo and Black Rock should no long or deposite with the Bank. As 8000 as the fact became public, the depositors became alarmed, and a rush ensued which soon compelled the Bank to avail itself of the ten days suspension allowed by law. Its officers are unacquainted wich the reasons which induced the Comptroller to discredit the institution, and declare the ability of the Bank to go on within the ten days. That period will of course determine the character of the stoppage.

3. November 27, 1841 New-York Tribune New York, NY
Article from New-York Tribune, November 27, 1841

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THE SAFETY FUND. We find the following letter from the Comptroller in the Albany Evening Journal of Thursday: COMPTROLLER'S OFFICE, Albany, Nov. 24, 1841. Thurlose Weed, Esq. Sir. la anxwer to numerous IN redemnion of the Bank of Buffalo. I send you a Commercial Dear the the bill. of Bank inquiries of Buffalo relation and and showing situation the statement provision the of Safety for the publication subject. Fund, the of the laws appertaining to Very respectfully, your obedient servant, JOHN A. COLLIER. COMPTROLLER'S OFFICE, Albany, Nov. 25, 1841. STATEMENT OF THE SITUATION OF THE SAFETY FUND. The amount of the Capital remaining 30th Sep$185,487 99 tember, 1841 The advances from the Treasury since that 106.031 00 time to redeem Safety Fund Bank Notes $379,456 99 Balance of Safety Fund, 24th Nov. 1841 Under the provisions of the Act of 26th May, the Comptroller has given notice to the Fund reto pay I per cent. upon quired Safety 1841, Banks, that there their which will Capital be would ON the 1st day of January next, 158,776 24 produce And there will be due from several Banks who have not yet paid their original contribution 31,175 00 of 3 per cent., on 1st January next Which would make the whole amount of Safe$569,408 23 ty Fund From which is to be deducted the & per cent. of the Bank of Buffalo and Commercial Bank of 3,000 00 Buffalo, since suspended $566,408 23 Leaving the balance, 1st January, 1842 The Comptroller has no authority to redeem the bills of , suspended Bank until the Chascellor makes the order required by the Act of 8th of May 1837, which previdesthat: It shall be lawful for the Chancellor, upon the certifificate of one or more of the Bank Commissioners that the amount of the debts of such Banking Corporation, over and above its property and effects, will not exceed twothird of the amount of the Bank Fund then paid in and invested, exclusive of all prior established claims thereID, to make an order upon the Comptroller authorizing ERI to take such measures as be may deem necessary for the immediate payment of the ordinary Bank bills or notes of such Bankieg Corporation then in circulation. out of the Bank Fund then paid in and invested." Upon filing a certified copy of the Chancellor's order, under this section, and not before, the Comptroller 18 authorised to make provision for the redemption of the bills, for 18 there any authority, without such prior order, to receive the bills of a suspe nded Bank in payment for tol 3, or other indebtedness at the Treasury, which of course would be virtually redeeming them in anticipation, as nothing else but such uncurrent notes would, in that case, be offered in payment, until the whole circulation was exhausted. In relation to the recent failures of the Bank of Buffalo, and the Commercial Bank of Buffalo, the Bank Commissioners were not able to give the required certificate and the Chancellor could. therefore, make no order upon the Comptroller, authorizing him to redeem. The Safety Fund, 88 the law now stands, is only to be replenished by the annual contribution of the Banks of one half per ceat. upon their capital; and unless further legislative provision is made, the bills of the above banks cannot be redeemed from the Safety Fund, until the ansual contributions shall so far replewish the fund as to enable the Bank Commissioners to give the required certificate to the Chancellor, and he shall make the order. JOHN A. COLLIER, Comptroller. [Albany Evening Journal.

4. November 30, 1841 The Middlebury People's Press Middlebury, VT
Article from The Middlebury People's Press, November 30, 1841

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to Upwards of two thousand namesare signed the tetotal pledge in Haverill, N.H. In Pittsford, Vt. the excitement on the subject of for a few weeks past has been cheeringthe Congregational Week temperauce after week, five Church and has well filled. Between six have been obtained; and these hundred been were uniformly signatures The of 25 considered hard cases. tavern keepers and merchants have come in of their own DCcord, and signed the pledge. Nearly one hundred were froquent tiplers The enthusiasm has reached other towns. The Banker Hill Aurora says, the Irish have two millions of deposites in dollars in the Boston banks. The locos are indulging apprehensions that Gov. Seward will Tylerize the acts of the N. Y. legisla. ture. About 4000 persons within a few months have joined the Temperance society in Cincinnati, Ohio When shall we wittness such things in this sectionTO BE TRUE. It is stated in some the that the greater English Too GOOD papers, proportion of of the six millions of dollars paid to the British. by the Chinese, turns out to be bad silver. John Bull deserves to be shaved in this transaction. Conviction of Edward Boling.-TH notorious villain,of whom our readers have do b less cerd, He ha-bren tried for big miny, and found guilty. Bon was-enrenced 10 be branded with the letter his left cheek. (which was carried into execution in presence of the court.Yto be imprisoned three years, and receive 39 lashes. Medical Schools.-The number of medical schools in Philadelphia is much larger than last year. There are about 360 in the Pennsylvania University, 160 at the Jefferson School, and 75 at the Pennsylvania College Students are daily arriving. The Medical College of Ohio, located at Cin innati, opened on the 1st instant in a very flattering manner. Seventy students ,are already in attendance. down.-The Commercial Bank of Buflast bank in the city, brokers. The 'S a falo, out Banks by the the Commercial has been thrown safety fund bank. Its assets will be sufheient 10 pay debts, but the stock-holders will sustain a heavy loss. The Bank of Olean has also been thrown out. The Binghampton paper states that not one of the colored persons in that town voted the ab lition ticket. Semmes. the murderer of Prof. Davis, at the University of Virginia. and who escaped a convie inn by a forfeiture of his bail, ($25,000) is in Texas. There was collected toll on the NewY k state canal-, during the 1st week in Nov. 82,000 dollars. Charles F. Mitchel, late member of congess has been tried for forgery and convicted. OHIO, a mistake occurred in our last weeks paper in stating that the whig majority in the popular vote was 9000. It is now ascertained to be something above 2000. THE MADISONIAN.-A correspondent of the United States Gazette, wriiting from Wash"it is thought here that this paa voice to than Such we trust is the "House," ington. "per is says, rather &c. from the fact. White To say of the frequent at tacks Madisonian upon a number of that a nothing of the paper contains and Mr. malignant CLAY, paragraph late that must be particularly gratifying to the whole WHIG party. After expending a column in an endeavor to heap ridicule upon the name of WHIG, the Madisonian concludes thus: were at all in love with the name of and we have no belief name "We Whig never that this the had any particular spell in winning great victory in favor of Harrison. The charm, if any were used, may be found, we think, in the names of Tippecanoe and Tyler TOO !!! the Considering the little affection that Madisonian has for "the name of Whig," we cannot but marvel that it should have so far conquered its repugnance as to consent to receive the public printing at the hands of the "WHIG" Senate last March! McLEOD.-W learn that this individual is again in trouble,having been arrested on a cap in at Niagara for his defalcations in Canada MORE ILLINOIS STATE Bonds.-The Spriagfield (III) Journal says that "it is rumored that the Governor has made another issue of State Bonds." SHEEF.- The Warren (Ohio) Chronicle Friday last, a flock of over one thousand merino passed our vilon their to says :--"On lage, way sheep Illinois. from through They Massachusetts, belonged to an enterprising farmer and were driven from that State. They will be a valuable acquisition to the State of Illinois, and we trust the enterprising Yankee will be well rewarded for his exertions in introducing them into the West." The Louisville Journal has a paragraph to the effect that Mr. Clay is anxious to leave the Senate but that he has not decided what he will do in the mean time, his friends from all parts of the country are writing to him urging him to remain at his post. BANK OF BUFFALO.- The Rochester Democrat of Thursday says, Vice Chancellor WHITTLESEY made out an order for the appointment of a Receiver for the Bank of Buffalo yesterday. An order has also been issued to the Comptroller to redeem the circulation of the bank out of the safty fund in his possession.' A great Temperance Convention was recent ly held at the speakers on the occasion was is Middletown, of Conn, the and Mr. Hon. among Henry W. Dwight, Stockbridge. Dwight reported to have said.

5. December 15, 1841 The Daily Madisonian Washington, DC
Article from The Daily Madisonian, December 15, 1841

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"It shall be lawful for the Chancellor upon the cer" tificate of one or more of the Bank Commissioners "that the amount of the debts of suck. Banking Cor"poration, over and above its property and effects, will "not exceed two-thirds of the amount of the Bank "Fundthen paid is and invested, exclusive of all prior "established claims thereon, to make an order upon "the Comptroller authorizing him to take such mea"sures as he may deem necessary for the immediate " 'payment of the ordinary Bank bills or notes of such " Banking Corporation then in circulation, out of the " Bank Fund then paid in and invested." Upon filing a certified copy of the Chancellor's order, under this section, and not before, the Comptroller is authorized to make provision for the redemption of the bills, nor is there any authority, without such prior order, to receive the bills of a suspended Bank in payment for tolls, or other indebtedness at the Treasury, which of course would be virtually redeeming them in anticipation, as nothing else but such uncurrent notes would in that case be offered in payment, until the whole circulation was exhausted. In relation to the recent failures of the Bank of Boffalo, and the Commercial Bank of Buffalo, the Bank Commissioners were not able to give the required certificate, and the Chancellor could therefore make no order upon the Comptroller authorizing him to redeem. The Safety Fund, as the law now stands, is only to be replenished by the annual contribution of the Banks of one half per cent. upon their capital; and unless further legislative provision is made, the bills of the above Banks cannot be redeemed from the Safety Fund, until the annual contributions shall so far replenish the Fund as to enable the Bank Commissioners to give the required certificate to the Chancellor, and he shall make the order. JOHN A. COLLIER, COMPTROLLER.

6. December 15, 1841 The Daily Madisonian Washington, DC
Article from The Daily Madisonian, December 15, 1841

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COMPTROLLER'S OFFICE, Albany, 25th Nov. 1841. } STATEMENT OF THE SITUATION OF THE SAFETY FUND. The amount of the Capital remaining 30th September, 1841 $485,487 99 The advances from the Treasury since that time to redeem Safety Fund Bank Notes $106,031 00 Balance of Safety Fund, 24th November, 1841 $379,456 00 Under the provisions of the Act of 26th May, 1841, the Comptroller has given notice to the Safety Fund Banks, that they will be required to pay 1-2 per cent. upon their capital, on the first day of January next, which would produce $158,776 24 And there will be due from several Banks who have not yet paid their or ginal contribution of 3 per cent. on first January next 31,175 00 Which would make the whole amount of Safety Fund $569,408 23 From which is to bededucted the 1-2 per cent. of the Bank of Buffalo and Commercial Bank of Buffalo, since suspended 3,000.00 Leaving the balance, 1st January, 1842 $566,408 23 The Comptroller has no authority to redeem the bills of a suspended Bank until the Chancellor makes the order required by the Act of 8th of May, 1837, which provides that:

7. December 21, 1841 New-York Tribune New York, NY
Article from New-York Tribune, December 21, 1841

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The pressure in the money market continues. Treasury notes, 6 per cent., ¼ per cent. discount. Good short paper in the street 1 a 1½ per cent. per month. The New-Orleans Advertiser states that the subject of resumption was before the Board of Directors of the Commercial Bank on the 9th inst. and it was confidently believed that she would follow the example of the Bank of Louisiana. This Bank has about $1,100,000 Circulation and Deposites and $315,000 Specie and Bank notes. If like the Bank of Louisiana she only resumes on her circulation, she will have the above amount of assets to meet $629,000 of notes. The Advertiser also states that it is believed that the Citizens,’ the Union, the State Bank and the Consolidated Association are preparing to speedily resume. It was understood that the message of the Governor would take high ground on the immediate resumption of all the Banks, and that those that were unable should go into liquidation. A motion in the Virginia Legislature to release the Banks from the penalty of 12 per cent on every note they shall fail to redeem after the 1st January next, was lost by a majority of five votes, as was another requiring of the Banks a rapid curtailment of discounts. The Buffalo Commercial Advertiser of the 14th instant states that an effort will be made to resuscitate the Commercial Bank of that City. The argument on the injunction which was to have been heard on the 7th, was postponed until the 21st, and in the mean time strong efforts will be made to sustain the Bank. Although a large part of its capital is locked up in Real Estate, yet it is some of the most valuable in Buffalo, and is worth more in cash than it cost the Bank. Counterfeit Threes on the Bank of Brunswick, Maine, are in circulation at Buffalo. The Baltimore City Council have under consideration a proposition to issue $500,000 of City Bonds at six per cent. to be used in the purchase of Railroad orders. The Comptroller we understand has made a requisition on the Banks for one half of one per cent. on their capital for Safety Fund purposes, payable on the 1st January. He will therefore soon be in funds to redeem the liabilities of the suspended Safety Fund Banks. Holders of such notes should not submit to a sacrifice. ### New-York Markets. ASHES. Sales 50 bbls: Pots at 5 87½; 40 do Pearls at 5 50, at which holders are firm. COTTON. The sales to-day have been 600 or 700 bales without change in price. The stock has been reduced by shipments, and the market has a tendency to be more firm. FLOUR. Very little doing. Shippers offer 6 00 for Western Canal which is refused. 6 12½ is demanded. We could not hear of sales for export. Southern without change and dull; Georgetown 6 37½ Brandywine 6 50, Richmond City Mills at 7 50. GRAIN. The only sales reported were 2000 bushels Rye at 75c in the slip, time and interest, and 2600 bushels Ohio Corn at 65c. weight, delivered. Oats have improved in consequence of the closing of the Hudson. We quote 48 a 50. Barley is firm at 74c. No sales Wheat. ### New-York Cattle Market. [Reported for the Tribune.] At market 875 head of Beef Cattle, including 200 left over last week, 250 of which was from the South, and the balance from this State; 40 Milch Cows and 1100 Sheep and Lambs. There was a better demand for the best qualities of Beef, but common and inferior qualities were the same as last week. Sales of 775 head at $4½ to $7¼, averaging $5½ the 100 lb. MILCH COWS. Sales of 30 at $25 to $40 each. SHEEP AND LAMBS were all taken—Sheep at $1 50 to $5. Lambs at $1 to $3 each. HAY. Sales by the load at $1 to $1 12½ the 109 lb. ### ST. LOUIS MARKET. Dec. 7. Business on the Levee is quite brisk, and boats are arriving and departing daily. The Mississippi is free from ice as high up as Keokuk; but is falling. Navigation is, however, not interrupted. Boats for the South, with Western produce, are leaving every day with full freights. FLOUR is held at $5 50, which may be quoted as the ruling rate.

8. January 19, 1842 The New York Herald New York, NY
Article from The New York Herald, January 19, 1842

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Such a construction of the act, dividing upon the balance of the fund, would, or might, reduce the Bank Fund to a mere nominal sum: and would, or might, as is above suggested, exhaust the fund to the prejudice of the general creditors of a prior failing bank, who were supposed to have a preference. The different views of the Bank Commissioners and the Comptroller as to the just construction of the act in this particular, have been the subject of correspondence between them: but there has been no further action upon the subject, nor has the Comptroller felt it his duty to take any measures for the immediate redemption of the bills of this bank. The Bank Fund, even with the aid of the contributions of the first of January instant, will be entirely insufficient to redeem the outstanding circulation of all the Safety Fund Banks which have suspended; and as the fund, according to existing laws, is only to be replenished by the annual contribution of one half per cent capital of the Safety Fund banks, the bills of the Commercial Bank of Buffalo, Commercial Bank of Oswego, and Clinton County Bank, whose united outstanding circulation is estimated at about $870.000, can not all be redeemed from the Bank Fund for some four or five years to come, without further legislative provision for replenishing the fund more rapidly than is now authorized by law Bill holders must therefore wait the slow accumulation of the annual contribution of the one-half per cent. or further legislation will be required. The result of the investigation of the affairs of some of the Safety Fund banks recently suspended, as well as the former experience in the case of the City Bank of Buffalo, would seem to show that some further safeguard is necessary to prevent frauds upon the Bank Fund by over issues beyond the prescribed limits. The act of 26th May, 1841, (chap. 292, sec. 4.) makes the wilful violation of its provisions in relation to such over issue, a misdemeanor; but this penalty and the previous legislation upon this subject, have not prevented over issues, which are now chargeable to the Bank Fund, and are a fraud upon that fund, to an amount ascertained or estimated to exceed the sum of $300,000. The checks imposed by the General Banking Act, but now applicable only to the free banks, requiring the previous registry and countersigning by the Comptroller of all the circulating notes, seem to afford sufficient protection upon this point; and it is respectfully suggested whether the principle might not be advantageously adopted and applied in relation to the circulating notes of the Safety Fund banks, by compelling existing banks to account to the Bank Commissioners for the bills already in circulation, and prohibiting the issue of new bills, except under the direction and supervision of the Bank Commissioners, or other proper officers. The plates might be deposited in some appropriate place for safe keeping, and if bills were issued only under the direction of some public officer, over issueo might be effectually guarded against.

9. January 25, 1842 The New York Herald New York, NY
Article from The New York Herald, January 25, 1842

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: $11,000 Stephen G. Austin, Esq, of Buffalo, has been appointed Receiver for the Commercial Bank of Buffalo. The following is a statement of the receipts and ex penditures of the Canal Commissioners for 1841:RECEIPTS AND EXPENDITURES ON ACCOUNT OF THE CANAL FUND.

10. January 25, 1842 New-York Tribune New York, NY
Article from New-York Tribune, January 25, 1842

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The demand for Foreign Exchange is not very active. Sterling City Bills are selling at a a31: Southern Et a 7j: France 324 a 531+ Philadelphia Exchange is getting worse. WE quote Philadelphia 61 a St: Baltimore 34 a 4: Virginia 61 & 68: Mobile 14} a 15; New-Orleaus 8th Nashville 141 a 15; Louisville 94 a 10: St. Louis 14 a 15; Cincinuati 13. The Buffalo Commercial says that the exertions on the part of those persons interested :0 the resuscitation of the Commercial Bank of Buffalo have preved ineffectual.They have returned from Albany without accomplishing their objects; and the Bank will probably gointo the bands of a receiver immediately. We shall soon look out for the Bank Commissioners) Report. We hope to see it B searching one-one that will "peak out and be afraid of nothing but of concealment. In looking over the Report of last year we notice that the important item of the individual liabilities of the Directors of the Commercial Baak of this city is oritted. Even at thislate day we would like to be informed of the reason of this omission. Will our friend, Mr. Starr. in formust The Farmers' Bank of Canton has stopped paymentThe Canton Repository states that the Bank has sustained itself against a coastant run for four months, and expres. 508 the opinion that her means are ataple to reedem all its circulation." subject only to the delay necessary for collecting." The Mohawk and Hudson Railroad have declared a dividend of three per cent. New-York Markets. ASHES-The market continues inactive, but prices are without change. The nominal rates are? 00 for Pots, 6.00 for Pearls. COTTON-The foreign advices are considered favora. able, and about 800 bales have sold at full prices. and in some instances at a sli. hi advance. FLOUR-There 13 a fair demand for Eastern markets and home use, but the inquiry for export has subsided.The market is heavy at 9: for Genesee. Southern dull and without change Georgetown 6 a 6184 Brandywine 612; a 6 25. GRAIN-The only sale reported is 2,100 bushels old Southern Corn at 64c. weight. 90 days, addition interest.There is very little Corn in market. Nothing doing in other descriptions. The Wheat saved from the Frankfort is not on the market VEL. New-York fattle Market. Reported for The New-York Tribune. MONDAY, Jan.24.1842 At market 900 head of Beef Cattle, including 200 left over last week 200 of which were from the Soath. and the balance from this State 70 Milch Cows and 1,200 Sheep and Lambs. The sales of Beef were very limited. Only 600 head taken at 41 a $7-averaging 851 the 100lbs. MILCH COWS-5J were taken at $25 to $40 each. and dull. SHEEP AND LAMBS were mostly taken-Sheep at $1 75 to $5; Lambs at $1.25 to $3.50 each. HAY-The market has been well supplied, and sales were made at St to 91 cents per 100ths.

11. January 26, 1842 New-York Tribune New York, NY
Article from New-York Tribune, January 26, 1842

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s10d 25 2,000 do As was expected a receiver has been named for the Commercial Bank of Buffalo. Mr. Stephen G. Aution of that city, has received the appointment. The Farmers and Mechanics' Bank of Rochester has had its notes protested for non-payment at its agency. It is one of the Free Banks. and had OH like 1st December last a circulation of $38,900. Its securities with the Comptroller are$20,000 Bouds and Mortgages 5,000 Illinois Improvement Souds 11.000 Illinois and Michigan Canal do 10,000 Michigan University do Total $45,000 Those Banks marked thus pay specie. The average circulation of the specie-paying Banks compared with the coin on band. is 4 1-5 dollars for one. O: the non-speciepaying Banks the average is 71-10 for one. So that the latter class of Banks keep out a circulation nearly twice as great as the former-this being in fact a premium on suspension. The greatest comparative circulation of the paying Banks is that of the State Bank at Merris, which is 12 for 1. Of the suspended Banks the New Hope and Delaware Bridge Company has the greatest circulation. being 36 for 1. The question of resumption was made the special order of the day in the Legislature for to-day.The West Jersey people seem to be strougly opposed to an immediate resumption. but they do not wish it delayed a moment beyond the time fixed by Pennsylvmmia and Maryland. The quotation in London for United States Bank Stock was £1. REAL ESTATE-By Wilkins & Rollins-The farm and plantation with the building. thereou, on Staten Island, IN Southfield, Richmond county, containing 147 acres, $8,755.

12. October 24, 1842 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 24, 1842

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Buffalo, February last of 44 per cent. and the City Bank of in the same month, paid a dividend of 50 per cent. Receivers of the several insolvent render it quite bankstaken The returns collectively, from the certain that in circula- the loss to the Safety Fund will be equal to all the notes that a call may on the the debts of some of betion; Safety and it Fund is not to improbable pay the be Banks made youd the redemption of the notes in circulation. The discounted bills in most of the banks are very large in amount; but the Receiver of the Commercial Bank of New-York estimates that only about ten thousand dollars will be realized from three hundred and eight thousand dollars of this class of assets. In ten months the Receiver has collected only $2,181 the in usets the of Bank that of Bank, Buffalo while Comptroller, less 79 than from five the months, has collected and redeemed more than $423,000 of notes of the same bank. There has been Commercial Bauk of paid the circulating on the assets of the Buffalo Fund only to $11,000, while the outstanding notes for the Safety The payments to the Receiver of the of amount to Watervieit A statement redeem Commercial amount Bank to about $483,000. Bank $8,000. Oswego has $2,400; not been the obtained from the Clinton County Bank, but the sum collacied probably does not exceed those of the Commercial of and Beffalo. Judging from tions believe that an amount to Bank there Oswego is no reason to these equal indicathe debts of the banks will ever be realized from the assets the Receivers. If this is so, the loss to the the circulating notes of ten exSafety hands Fund, of being the $2,068,504; banks, which cluding the Lewis County Bank, will be consume the original capital of the Safety Fund and of the contributions of half of one per cent. on the capitals all the banks to January, 1849, inclusive. After the arrearages are paid off, the banks must continue make pay half of one per cent. annually for six years, to up a new fund. This will terminate in January, 1855, provieed there are no mere failures among the Safety Fund Banks. Markets-Carefully reported for The Tribune. ASHES-The market remains heavy with an indisposition among exporters to buy at previous rates. The bills out to-day are about 150 bbls., and the receipts about 100 bble of both descriptions. Of Pots some 40 to 50 bbls. have been taken at $5.621, but the market cannot be considered firm at this rate. Pearls are still sold by some receivers at $6, but sales to a small extent were made at $5 94 a $587} The bigher rate is about the fair quotation. The amount received sisce opening of Canals, is 36,974 bbls. Stock on band, Pots. 1st inst., 2,133; 2d do. 377; 3d do. 119; condemned, H.Total, 2,723. Pearls, inst, 590; 2d do. 115; Sd do. 33 ; condemoed, 22.-Total, 766. Aggregate, 3,489 bble, Shipped from 1st to 19th October, 2,144 bbls. Pots; 294 bbls. Pearls. COTTON-The sales to-day are about 500 bales, at al most previous rates. The market, however, continues in favor of the buyer. A portion of these sales were to exporters, but the decline in Exchange and the difficulty of selling bills, keep shippers out of the market. The sales for the past week add up 2,200 bales, viz: 1,300 Upland and Florida, at a 9; 300 Mobile, at of a 10; 400 New Orleans, at 6a 10. FLOUR-The improved feeling in Flour continues to prevail, and the demand to-day for the East and bome trade has been very fair. Some large receivers who have been seiling at $4.25, are now asking $4 311. The sales of Genesee have been generally at $1.25, with none to be had less, and are not very treely at that. Ohio flat. $4 182 a $425; Wilmington, $1.18 a 25, mostly good brands at the latter rate. Troy is afforded at but sales cannot be made at that rate. Round Ohio is selling at $4 183 and in demand. We believe there is more to be had now be low that price. A lot of 1,200 bbls. of fancy brand round Ohio sold, for shipment to East Indies, at $131. lined. Within a few days 800 bbk New-Orleans superfine sold from the whari at $1 124, and to-day 410 bbls. sold, to arrive, at smething over that rate, supposed at $4 183. In Southern we bear of very little doing. The price of round Ohio in daces purchasers to take that in preference at the differ

13. May 21, 1844 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, May 21, 1844

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The undersigned, as Receiver of the Commercial Bank of Buffalo. will sell at public auction, at the Court House in the City of Bulfalo, OH the tenth day of June next. the following described parcels of Real Estate. The letters affixed to the several parcels refer to it map prepared for the occasion upon which the locations of the property in the City are exhibited, to wit: Parcel A.-Part outer lot No. 78. east side Main-street, 19.3.12 feet front on Main-street, 70 feet deep, on which 15 a markle store four stories high. Parcel B.-No. 1-45 Feet on Perry-street. 100 feet deep. No. :-Corner lot feet on north side of Perry-street; 140 feet on east side of Illinois-street Parcel C.-AMERICAN HOTEL property, consisting of the American Hotel. stores on Mattistreet, and two brick dwel. lings three stories high on Pearl 91 feet front on Main. street. running to and 91 feet front on Pearl-street This parcel includes the well known American Hotel, kept by L.L. Hodges, one of the most extensive and perfectly arranged and finished hotels III the U.S Parcel 11.-Part of outer lot No. 75. 24 feet on Ohio-street, running about 100 feet to and 24 feet on Buffido Creek. Parcel E.-Part inner int No 32, 41 8.12 feet on Penrlstreet, about 131 feet deep to an alley. on which are 2 brick dwellings. Parcel P-Part lot No. 39, town 7. range7. in Concord. 3721/2 acres. about 170 under improvement. This one of the most valuable farms in the County Parcel G-Part of block Nos. 61 and 62. City of Buffalo, 200 feet on Hudson-street, 125 feet deep. Parcel H-North half of outer lot No. 104 lower village of Black Rock. acres 1 rood 241/2 perches, more or less. Parcel 1.-Part block No. 31. south village of Black Rock, 150 feet on Virginia-street. 115% feet deep. Parcel 1.-Part block No. 30, south village of Black Rock. 50 feet on Virginia-street, 150 feet deep. 50 feet of rear is 100 feet wade. Parcel -Ferm lot. one half undivided. of about 113 acres, east part lot 82. town 12. range 7, near Williamsville, Erie County. Parcel I -One sixteenth undivided of the Kremlin block. 181 feet on Main-street, 156 feet on Eagiestreet, 57 feet ou Pearl. street, 199 feet on Niagarastreet. Parcel 31.-No. 1-Part outer lot No. 16, 21 feet on south side Terrace, 83 feet deep. with brick dwelling. No. 2-Part outer lot No. 16. 40 feet front on Jackson-street, 90 feet deep, with two brick dwellings: No. 3-Part lot No. 2 and 12. 40 feet front on Jackson street, 90 feet deep. with one wood dwelling. Parcel .N.-Farm lot known as Cotton Farm, (9) acres: situnte on McAdam road 4 miles from Burfalo, South half of lot 44. town 11. range with farm house and buildings. Parcel 0.-Part outer lot 21. city of Ruffalo, 50 feet east side Delawarestreet, rods deep. with wood dwelling. Parcel P.-Part inner lot No. 93, city of Buffalo, 36 feet east side Franklin-street, 110 feet deep to an alley 11 feet wide. Parcel 0-Farm lot. town of Amberst, north part lot No. it. town 13, range? 223 acres. Parcel R.-Farm lot. town of Pendleton. Niagara county, east part lot No. 20. town 13, range 100 actes. Parcel S.-Farm lot. town of Amherst, westerly half of lot No. 87. town 12. range 61 acres. Parcel T.-Farm lot. Ningara county. lot No. 18, town 12. range8. 150) acres. Subject to a mortgage to the amount of $1.077 00. Parcel U.-Farm lot. Niagara county. lot No. 20, town 12. range 8. 161 acres. Subject to a mortgage to the amount of $1.126.50. Parcel V.-No. 1-Part outer lot No. 36. south side Buffalo Creek, is 10-12 feet on Buffalo Creek, running to the lake, 3 chains 50 links deep. No. 2-Part outer let 44. 78 87 100 feet on south side Buffalo Creek, running to the lake. No. 3-Part outer lot 45. south side Buffalo Creek, 200 feet on Buffalo Creek running to the lake. No. 4-Part outer lot 45. south side Buffalo Creek. 70 feet on Buffalo Creek running to the lake. No. 5- Part outer lots Nos 45 and 46. south side Buffalo Creek. 60 feet on Buffalo Creek running to the lake. No. 6-Part outer let H. south side Buffalo Creek. 78.87.100 feet on Buffalo Creek running to the lake, being 1681 feet deep. Full descriptions of the property will be given at the sale, and the evidences of title exhibited. S. G. AUSTIN Terms, Cash. Receiver of the Commercial Bank of Buffalo. m21 2awtJe8 Buffalo, May 16, 1844.

14. September 13, 1844 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, September 13, 1844

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YSTER SALOON FOR SALE Now doing a first rate business, situsted on the north. wes! corner of Broadway and Dunne st. A fortune has been made by it former owner.What was once done can be done again by any enterprising man. It is well titted up and in complete order. with war. de centers. &c. Inquire on the premi-es or of WILLIAM L. SHARDLOW. 266 Broadway. 10 lw IOMMERCIALSANK OF BUFFALO.-RECEIVER'S C NOTICE.-A dividend of twenty per cent upon all claims against the Commercial Bank of Buffalo, which have been presented to and allowed by the Receiver, has been de clared payable on the first day October next. at the office of the Receiver. in the City of Bunalo .AUSTIN, Receiver. $9 15t Dated September 6th. 1844.

15. June 10, 1845 The New York Herald New York, NY
Article from The New York Herald, June 10, 1845

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MONEY MARKET. Monday, June 9-6 P.M. The stock market was very heavy to-day, which in a measure can be attributed to the excessive hot weather. Stonington fell off 1 per cent; Norwich and Worcester, 1; Long Island, I Morris Canal, 1; Farmers' Lqan, Ohio 6's, 1. Harlem improved 1 per cent, and Eroton closed firm at Saturday's prices. The transactions were very limited. The trustees of the late Fulton Bank give notice that on the 20th of June they will pay a third surplus dividend of two per cent. Attempts are being made, with prospects of success, to extend the Vicksburg Railroad from Jackson, one of its present termini, to Brandon, so as to open a conneotion with the Georgia and South Carolina Railroads. The Comptroller of this State has given official notice that he will redeem, at par, the outstanding circulating bills of the following insolvent Safety Fund banks:Commercial Bank of New York. Bank of Buffalo. Commercial Bank of Buffalo. Commercial Bank of Oswego. Clinton County Bank. Watervliet Bank. Bank of Lyons. The Comptroller is not authorised to pay interest in any case. Those persons, therefore, who have packages of notes which have been protested, or the payment demanded of the receiver of the bank, in order to obtain interest, will find it necessary to collect the demand through the Receiver. Those persons who hold bills of any of the banks before named, and who have not taken the necessary steps to establish a claim for interest, and are willing to surrender the notes on receiving dollar for dollar, can be paid at this rate on presenting the bills to the Comptroller. The assets of the Bank of Oswego are believed to be sufficient to pay all the debts of that bank, and none of the circulating notes of the Bank of Oswego have been redeemed by the Comptroller. The debts of the Lafayette Bank of New York, includ. ing circulating notes, have been paid by the Receiver from the assets of the bank. The receipts at the Custom House for the week ending Saturday the 9th inst., amounted to $307,000. The monthly report of the Reading Railroad Company for May, 1843,44 and '45, presents the annexed statement of the receipts and business of the road. PHILADELPHIA AND READING RAILROAD. May, 1843. May, 1844. May, 1845. Receipts $31,447 47,763 34 79,822 82 15,205 Coal transported, tons. 35,684 64,698 The business for May, 1845, has been considerably more than the maximum estimate. Up to June 1st, the coal tonnage is over the estimate-800,000 tons for the year-rising nine thousand tons. In connection with this very favorable report and the immense improvement these increased receipts must produce in the affairs of the railroad company, we give a report of the business on the Schuylkill Canal, for one week in each of the past three years. BUSINESS ON THE SCHUYLKILL CANAL. Week ending June 10, 1843. June 8, 1844. June 7, 1845. Coal transported, tons, 18,095 11,869 5,796 For the same week the coal transportation of the Reading Railroad was as follows:1843. 1844. 1845. 2,388 Coal transported, tons, 8,796 18,871 It will be seen that these two works have changed places in the coal carrying trade of Eastern Pennsylvania. What the Schuylkill Canal was, the Reading Railroad will be, and judging from these returns the Schuyl. kill Canal will soon be what the Reading Road was. The annual reports of the Canada Banks, made up to May 31, 1845, compared with those of the same date last year, show an increase in circulation and discounts, and a decrease in the amount of specie on hand. We annex the latest report of the Quebec Bank:-

16. June 12, 1845 The New York Herald New York, NY
Article from The New York Herald, June 12, 1845

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REDEMPTION OF NOTES OF INSOLVENT SAFETY FUND BANKS. COMPTROLLER'S OFFICE, Albany, June 6th, 1845. T HE COMPTROLLER, in obedience to the Third Section of the Act, Chapter 114 of the Laws of 1845, hereby gives notice, that he will redeem at par, the outstanding circulating bills of the Commercial Bank of New York. the Bank of Buffalo, the Commercial Bank of Buffalo, the Commercial Bank of O.wego, the Clinton County Bank, the Watervliet Bank, and the Bank of Lyons. The Comptroller is not authorised to pay interest in any case: Those persons, therefore, who have packages of notes which have been protested or the payment demanded of the Reeceiver the Bank. in ord to obtain interest, will find it necessary to lect the demand through the R ceiver. Those persons who hold bills of any of the Banks before named. and who have not taken the necessary steps to establish a claim for interest, and are willing to surrender the notes on receiving dollar for dollar, can be paid at this rate, on presenting the bills to the Comptroller. All other claims which have been presented and established againstany of the insolvent Banks will be paid by the receiver, who cannot get an order from the Chancellor on the safety fund, until he has collected the sums. due the bank and applied the avails to the payment of its debts. The balance then remaining is a charge on the safety fund, and these balances can be paid as soon as the Receiver disposes of the assets of the Bank and gets a final order from the Chancellor. either in cash or six per cent stock at par, which the Comptroller is authorised to issue under the Act t' provide for paying the debts of insolvent Safety Fund Banks,'o passed April 28, 1845. In the case of the Bank of Buffalo, the final order has been made by the Vice-Chane-llor of the 8th circuit, and the means for paying the balance of all the claims against the Bank have been paid to the Receiver. The assets of the Bank of Oswego are b lieved to be sufficient to pay all the debts of that Bank, and none of the circulating notes of the Bank of Os wego have been redeemed by the Comptroller. The names and residences of the Receivers of the several Banks are as follows:Commercial Bank of New York, J. M. Blatchford, New York. Commercial Bank of Buffalo, S. G. Austin, Buffalo. Commercial Bank of Oswego, T. Beekman, Kinderhook. Watervliet Bank, Georze R. Davis, Troy. Clinton County Bank, Henry K. Averill, Plattsburgh. Bank of Lyous, Theron R. Strong, Palmyra. Bank of Oswego, Charles Stebbins, Cazenovia. Wayne County Bank, Samuel Miller, Rochester. City Bank of Buffalo, G. W. Newell, Albany. The debts of the Lafayette Bank of New York, including circulating notes, have been paid by the Receiver from the assets of the Bank. A. C. FLAGG, jll Stre Comptroller.

17. June 13, 1845 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, June 13, 1845

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REDEMPTION OF NOTES Of Insolvent Safety Fund Banks. COMPTROLLER'S OFFICE, Albany, June 6, 1845 THE COMPTROLLER, in obedience to the third Section of the Act Chapter 114 of the Laws of 1845, here. by gives notice, that he will redeem at par, the outstanding circulating bills of the Commercial Bank of New York, the Bank of Buffalo, the Commercial Bank of Buffalo, the Commercial Bank of Oswego, the Clinton County Bank, the Watervliet Bank, andth Bank of Lyons. The Comptroller is not authorized to pay interest in any case: Those persons, therefore, who have packages of notes which have been protested or the payment demanded of the Receiver of the Bank, in order to obtain interest, will find it necessary to collect the demand through the Receiver.Those persons who hold bills of any of the Banks before named, and who have not taken the necessary steps to estab. lish a claim for interest, and are willing to surrender the notes on receiving dollar for dollar, can be paid at this rate, on presenting the bills to the Comptroller. All other claims which have been presented and established against any of the insolvent Banks will be paid by the Receiver, who cannot get an order from the Chancellor on the Safety Fund, until be has collected the sums due the bank and applied the avails to the payment of its debts. The balance then remaining is a charge on the Safety Fund, and these balances can be paid as soon as the Receiver disposes of the assets of the Bank and gets a final order from the Chancellor, either in cash or six per cent. stock at par, which the Comptroller is authorized to issue under the " Act to provide for paying the debts of insolvent Safety Fund Banks," passed April 28, 1845. In the case of the Bank of Buffalo, the final order has been made by the Vice-Chancellor of the 8th Circuit, and the means for paying the balance of all the claims against the Bank have been paid to the Receiver. The assets of the Bank of Oswego are believed to be sufficient to pay all the debts of that Bank, and none of the circulating notes of the Bank of Oswego have been redeemed by the Camptroller. The names and residences of the Receivers of the several Banks are as follows: Commercial Bank of New-York, J. M. BLATCHFORD New-York. Commercial Bank of Buffalo, S. G. AUSTIN, Buffalo. Commercial Bank of Oswego, T. BEEKMAN, Kinderhook. Watervliet Bank, GEORGE R. DAVIS. Troy. Clinton County Bank, HENRY K. AVERILL, Plattsburgh. Bank of Lyons, THERON R. STRONG, Palmyra. Bank of Oswego, CHARLES STEBBINS, Cazenovia. Wayne County Bank, SAMUEL MILLER, Rochester. City Bank of Buffalo, G. W. NEWELL, Albany. The debts of the Lafayette Bank of New-York, including circulating notes, have been paid by the Receiver from the A. C. FLAGG, Comptroller. assets of the Bank. jell St