13351. Bank of Corning (Corning, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 26, 1860
Location
Corning, New York (42.143, -77.055)

Metadata

Model
gpt-5-mini
Short Digest
edda72b11d4ea92a

Response Measures

None

Description

Articles (1860) report the Bank of Corning closing up their affairs and supposed to be winding up (i.e., permanently closing). No article describes a depositor run. An 1857 item corrected a prior erroneous report that it had suspended. Cause inferred as voluntary winding-up (voluntary_liquidation) from wording closing up their affairs and winding up.

Events (1)
1. April 26, 1860 Suspension
Cause
Voluntary Liquidation
Cause Details
Described in multiple articles as closing up their affairs and supposed to be winding up, indicating voluntary winding-up rather than a run or government closure.
Newspaper Excerpt
the Bank of Corning and Onondaga County Bank (which two did not report), supposed to be winding up.
Source
newspapers

Newspaper Articles (6)
1. October 2, 1857 The New York Herald New York, NY
Article from The New York Herald, October 2, 1857

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Article Text

JOAN LAGAR, SUSPENSIONS, FAILURES, ASSIGNMENTS, [From the Inaependent, Oct. 1) The following are us reported failures, assignments, &a for the week:Wm. F Brett & Bro, dry goods, Boston, suspended; liabiliti-s $400.000. John Jenett & Oo., publishers, Boston, suspended liabilities $100,000. Hal: & Fowie, commission. Baston, suspended. Hallet, Pinkbam, Quimby & Oo., dry goois, Boston, gone into inscivency. W. R Lovejoy & Oo., clothing, Boston, suspended; Habilitles reported $175,000, with assets of about $300,000. David J Foure & CO buttons, Boston, suspended. Ralph Warren. Boston, Mass, reported last week is Ralph Warren. millicer. Platner & Smith, paper, Lee, Mass, suspended. Le Boequet & Davie, Haverhill, Mess., failed. D. W Vanghn. Providence, R.I., failed. George B. Jastrauss, Providence. failed. Garner & Co., ary goods, New York city, suspendedwill doabless soon resume. Fosters & Oo., anotioneers, New York city, suspended; liabilities heavy. Abbott, Dodge & Co., produce, New York city, sus pended. J. M. Mackay & Co., commission, New York city. suepended; lis bilities said $500.000, and asrels about $800,000. Bough' Brothers, book auctioneers, New York city, suspended. Spencer & Porter, grocers, New York city, suspended; will pay in full, and doubtless soon resume. Carson & Hard, paper, New York city, suspended. Henry Robinson Co. silks, New York city, suspended. Gardiner, Sherman & 0o, produce, New York city, sun. pended. James H. Benedict & Oo, paper, New York city, as signed liabilities about $100 000 W. D. Russell, rubber goods, New York city, assigned to Darius Wells; liabuides $ 85,000; nomical assets $212, 000; will continue business as agent for John A. Greene. D.O Hyde & Co., fanoy goods, New York city, sus pended Charles Carville, dry goods commission, New York city, suppended Mider & Holbrook, paper, New York city, failed. Reimers & Schmidt, New York city, assigned. Merker & Maldh ff trimmings, New York cisy, assigned; habilites said to be $100,000. George B Jpin, mantilias. New York city, suspended. D.M Hensignes. New York city, failed; both here and in Havana. P.J. Oozans, books, New York city, failed and assigned. Jacob L. Bach & Co., clothing, New York ally, re ported suspended last week, has resumed, having ob tained Igenois on for notes matering this side of January Spingler & Parker, fanoy goods, New York city, as aighed. John Clarke & Co., miliners, New York city. suspended. bees H Ogden, mahogany New York city, assigned. Benjamin Elite, umbrelias, New York city, suspended. 8 Gola mith. milliver, New York city, assigned Da id Daiy carriages, Bro klyn, N Y., assigned. Ira Belden, Rochester, N Y assigned. John Ames, Osmego, N Y assigned OR. Face eit, Oa-ego N. Y assigne1. Jobn Murphy, Facure N. Y. assigned. Tbeodore Bolies, Utca, N. Y failed Prais Brothers, Canon aigua, N Y., failed. Stephen F. Eliting, Hudson, N Y, assigned. Johhua A. Fitch, Rushville, N. Y., suspended; liabilities said $40,000 Epbrain Shedd, Jordan, N. Y. suspended. A. J Carpenter, South New Berlin, N. Y, assigned. 8. R Knowles, Macedon, N. Y., assigned. J K. &F. Sayboit, Otteville, N. Y., suspended and as signed. Bank of Corning, Corning, N Y., has not suspended, as erronecusty reported last week, wach report we copied from another paper. James Sterl Trenion, N.J, suspended. James Crane & Co., Bloom&eld, N. J., failed. L. J. Levy & Co , dry gooce, Patiadelphia, suspended Fassiti Co. dry goods, Pbiladelphia, suspended. Smith, Murphy & Co., dry goods, Philadelphia, sus pended. Thomas H. Craige & Son, cotton mills, Philaicipble, SUN pended. Wildox, Rogers & Farley, straw goods Philadelpida, suspended. . George L Broome sugar. Philadelphia, suspended Knight Bell, commission, Philade phia, suspended. D B Tay & Oo., lumber, Philadelphia, suspended. Parry & Randolph, lumber. Philadelphia, suspended. Joebua Kames, notions, Ph indelphia, suspended. Springer & Bro., ary goods, Phinadelphia, expended, will probably soon resume. Addiens, Van Desen & Smith, straw goods and aboes, Philadeli bia, suspended. Kay & Delhaven, bardware, Philadelphia, suspended. Wulf andler, clothing, Philadelptis, falled. John Drake, hoes, Philadel, his, request us to say that he bas DO suspended. as reported. 8 N Haud, Cuthbert, Geo., failed. Darby & Barkadale, backers, St. Louis, Mo., depended. John J Anderson, banker, at Louis, MO, suspended. Bogy, Miltenberger & Co., bankers, St. Louis, Mo., sas pended. J.B Holmes, Cincinnati, Ohio, assigned. William Shrom, Cincinnall, Oblo, assigned. Lowly & Upson. Cuyah age, Oblo. assigned. ER Kellogg & Co., bats, Chicago, III., suspended; lin bilities $116,000 E J Tickbam Co., backers, Obloago. III, suspended. James Carter & Co., Galena, suspended. M. H. Wheeler & Co., Joliet, III, assigned; liabilities sale $60.000 P. B. Burch, Binomington, III. assigned. Butchinson & Ross, Sierling III, assigned. Joseph Horgh, Pondice, Mich assigned. Thomas Whi ney, Saginew, Mich., fat ed. Char.ca Whee e Co , Wyandotie. Mich., assigned. Samuel R. fox, Madison, Wis, assigned. W. A. Strough, Menasba, Wis., suspended Heron Bros. benkers, Dubaque Iowa, as igned. Woodward Hepbuin, Des Moines, Iowa suspended. 8. Black, Waterloo, Iowa, faired. M 8. & M. H. Clark, St. Peter's, Minnesota Territory assigned. George H. Cherey, Toronto, C.W., assigned to I. W. R. Harris; liabilities about $100,600. George Morton, Brockville, O. W, assigned. Andrew MoGoe, Brockville, o W., assigned. THE DIVIDENDS OF THE BOSTON BANKS

2. April 26, 1860 The New York Herald New York, NY
Article from The New York Herald, April 26, 1860

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Article Text

the Bank of Corning and Onondaga County Bank (which two did not report), supposed to be winding up. H. J. Messenger's Bank, Marathon, Cortland county, has gone into operation since 31st of March; and since making its report for 31st March, the Bank of Central New York, Utica, has been placed in the hands of a receiver, Joseph Benedict, Esq., Utica. The position of the New Orleans exchange market is thus reported in the Picayune of Saturday, just received:Exchange-The demand for both foreign and domestic has been exceedingly restricted for the week ending this evening, and we have not been advised of the slightest variation in rates of any description. Offerings of most classes, though limited, proved more than ample for the demand, which was restricted throughout, and transactions exhibited a general reduction on the previous summary. We quote the ruling figures this evening, as follows:-Clear sterling bills, 107% a 108% and 108%. Bills with shipping documents attached, 107 & 107½ and 107½. Francs, 5.18% a 5.23% per dollar. Sixty day bills on New York, &o., 1½ a 1½ and 13/4 per cent discount. Sight, ½ discount to par, and ½ per cent premium. Specie-Receipts for the week have been limited to $20,000 from Brazos Santiago and Galveston, and there have been no shipments thus far announced for any destruation. Rates of all classes are nominally urchanged, but Mexican dollars are, If anything, & shade stiffer. The Boston Post, in its weekly review o "Finance and Business," says:During last week the money market exhibited even in. creased case, 50 far as the accumulations of individuals were concerned. Day after day the amount of unemployed capital seems to increase; but, upon the other hand, we think that the market, as represented or exhibited by the banksand first class bankers, gives evidence that it has passed the minimum of prices. As yet rates have not advanced. Money is as easy at 5 to 6 per cent as ever, but for several weeks the bank specie has scarcely increased, and within a few days the demand for New York funds has certainly been much more active, while the supply, yet ample, is less abundant than before. This very slight change, however, may result from the equalizing process between New York and Boston, for money has ruled lower In State street than in Wall street for strictly first class time loans. At all events, money is exceedingly dull and abundant with the capitalists, lenders and dealers of all Borts tbst usually employ their floating means without difficulty, and neither here nor in New York is evidence exhibited of any consi lerable change in money for some time to come. Occasionally there is talk of specie shipments and an advance of sterling, but all that need be said is, that with the last foreign intelligence of peace and ease, the specie shipments must be very meagre and entirely unimportant. The Philadelphia Bulletin of last evening remarks:-The general aspect of the money market has not changed. Prime short bills are sought after at 6 & 6½ per cout, and call loans, on good collaterals, have been effected at 5% per cent. Paper running over six months, and that ranked RS second class, ranges from 9 to 12 per cent The traffic return of the Great Western Railway of Canada, for the week ending April 20, is as follows:-

3. April 26, 1860 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, April 26, 1860

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Article Text

Total $303,852,054 $291,085,154 Three hundred and five banks reported, including the Bank of Corning and Onondaga County Bank (which two did not report), supposed to be winding up. H.J. Messenger's Bank, Marathon, Cortland Co., bas gone into operation since 31st of March; and since making its report for 31st March, the Bank of Central New-York, Utica. has been placed in the hands of a receiver, Joseph Benedict, esq., Utica.

4. August 7, 1860 The New York Herald New York, NY
Article from The New York Herald, August 7, 1860

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part aggregate. The material changes since the March report are as follows:The Bank of Central New York, Utica, has been placed in the hands of a receiver, and the Bank of Corning and the Onondaga County Bank are closing up their affairs; consequently no reports were received from them. The Rockland County Bank, Nyack (association). and J. W Rumsey & Co.'s Bank, Tarrytown (individual), are preparing to go into operation. The June report exhibits a slight increase in capital and a corresponding expansion in loans. in other items there is but little change to note, and nothing worthy of special attention. We derive the following figures from the last annual report of the Cleveland and Toledo road of June 1, 1860:$3,348.800 Constructive Capital $6,771,800 Funded debt 3,848,400 Equipment 461,100

5. August 21, 1860 Mineral Point Weekly Tribune Mineral Point, WI
Article from Mineral Point Weekly Tribune, August 21, 1860

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Tbe Bank of the Central New York Utica, has been placed in the hands of a receiver, and the Bank of Corning and the Onondaga county Bank, N. Y. are closing up their af. fairs.

6. August 22, 1860 The Weekly North Iowa Times McGregor, IA
Article from The Weekly North Iowa Times, August 22, 1860

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Datest Dews. Counterfeit 5's on the Bull's Head Bank, of the city of New York, are just put in circulation, and counterfeit 3's on the Leather and Manufacturer's Bank were recently put afloat. The three papers at Portland, Oregon, are but for Douglas and Johnson. Chinamen are arriving at San Francisco in great numbers. Over 7000 have arrived there within the last three months. A large and enthusiastic Douglas ratification meeting was held in Milwaukee, on Thursday night last. Over 15,000 people assembled, and there were 3,000 torches in the procession.Bands of music, transparencies and brilliant fire works added to the splendor of the occasion. Eloquent speeches were made, and the Democracy pledged themselves to give the vote of Wisconsin for Douglas. They will do it, too. The returns of the Missouri election foot up as follows: For the Legislature, 36 Douglas Democrats, 20 Bell men, 18 for Breckinridge, 12 Republicans. Hon. C. F. Jackson, Douglas Democrat, has 10,000 majority for Governor 'over Orr, his highest opponent. Three persons have been bitten by a mad dog at Peoria, Illinois, within a week. During a rain storm of twenty-four hours, in Philadelphia, on the 13th, 6.005 inches of wa 'ter fell. Indianopolis, Ind,, had a $15,000 fire on Friday. The Virginia Democratic State Convention, held at Staunton, last week, adopted resolutions inviting Mr. Douglas to visit Virginia. They 'reaffirmed the National platform, and declared Douglas and Johnson the regular nominees of the perty. Three convicts escaped from the State Prison 'at Jefferson, Mo., on Friday last. Counterfeit 5's on the Lime Rock Bank, of Providence, R. I., are in circulation. Senator Douglas had a public reception at Portland, Maine, on the 17th, and he made a lengthy speech. It is reported that Brady, the B. B. B. candidate for Governor of New York, will resign. Jno. S. Mason, Judge of the Superior Court of New York city, died on Thursday evening. The excitement in Texas still continues.One man has been hung for giving strychnine to the sluv to put in wells to poison their masters. Another minister has been hung for inciting the slaves to insurrection. The rumored withdrawal of Breckinridge is denied by the Louisville Courier, but the fact that if he remains on the course it will prove his final ruin, and that the Constitution. his organ at Washington, is silent on the subject, are very good reasons for supposing that his with drawal is simply a matter of time. That he will be wholly off the track before election we have no doubt. Yellow fever is raging among both natives and foreigners at Porto Rico. A Mrs. Tucky hung herself at a water-cure establiphment in N. Y. City on Sunday. Speaker Pennington declines a re-election to Congress. Capt. Davenport of the G. T. R. Ferry was accidentally killed at Port Sarinac, C. W., on Monday. Two persons were killed by the collision on the Carrolton R. R., on Sunday night. Gordon, the murderer, who escaped from the Vigilance Committee at Denver City, is now in custody of the Marshal. Advices from Honduras announce that Gen. Walker has gone to Swan Island. The schooner Clifton and cargo, part of his expedition. had been seized by the British authorities at Belize. Walker is reported as preparing for a descent upon Costa Rica or Nicaragua. Yellow fever was terribly fatal at Belize. On Sunday evening in Georgetown, Del., the daughter of Zachariah Griffith, a respectable farmer, was outraged and beaten to death by a mulatto boy eighteen years old. He is arrested. Counterfeit 5s on the Saugertuck Bank, Westport, Ct., are in circulation. A dispatch to the Herald states that it is annnouced in Washington that Douglas & Johnson will continue on the stump until the election, the former South and West, the latter East as far as Maine. Douglas speaks at Nortolk, Va., next Friday. It is also announced that Leslie Combs and Ex-Gov. Morehead, of Ky., are coming North on a stumping tour. Last Friday night at Cincinnati, Chas. R. Brown, U.S. Commissioner, was shot dead by Geo. J. Caldwell, of the firm of Alfred Wood & Co. For several months past, bad feeling has existed between the parties in regard to the adjustment of a legal claim. Brown called at Caldwell's house at night, forced his way into Caldwall's private chamber. when a scuffle ensued, and Caldwell shot Brown through the body. He immediately surrendered himself to the authorities. The Bank of Central New York, Utica, has been placed in the hands of a receiver, and the Bank of Corning and the Onondaga County Bank. N. Y., are closing up their affairs.