13444. Bank of Hornellsville (Hornellsville, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 6, 1855
Location
Hornellsville, New York (42.350, -77.667)

Metadata

Model
gpt-5-mini
Short Digest
7d4d8a32abae45ec

Response Measures

None

Description

Articles show Bank of Hornellsville was solvent/not suspending in 1855; by 1858 it is listed among banks winding up and going into final liquidation. No article describes a depositor run. Classification: suspension leading to permanent closure (voluntary liquidation).

Events (2)

1. February 6, 1855 Other
Newspaper Excerpt
The Hornellaville Bank will not, we hear, suspend. The notes of this institution are also amply secured, and are redeemed at the Metropolitan Bank in this City.
Source
newspapers
2. February 24, 1858 Suspension
Cause
Voluntary Liquidation
Cause Details
Listed explicitly as winding up and going into final liquidation, indicating voluntary/liquidation closure.
Newspaper Excerpt
Winding up the following N. York Banks. and going into final liquidation: ... Bank of Hornellsville;
Source
newspapers

Newspaper Articles (2)

Article from New-York Daily Tribune, February 6, 1855

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Article Text

sylvania is one of the best managed reads in the West, and has a future before it of great pro nise. From the statement of the Atlantic Mutual Insurance Company, for the year 1854, we learn that the premiums received during the year, including those -'996'98 eq: 19 # po 10% 046 01. The premiums marked off for the year were 10 junome 194 eas 10. 209 800'*$ ances, expenses, &c., were $3,594,636 27, The profits of the company, for which certificates were our Super there J189 . pus exter the Supp granted 0% vhhich Jo area 1854 'I Cred were deemed in cash, leaving $1,002,116 80 regisinequal us But of ;unome Company eq: so Basete "4" '18 invoited are 966'268' 10 in bonds and mortgages and real estate, and $44,491 23 in cash The remainder consists of premium notes, bills receivable, &c. The Board of Trustees -190 eq: uo And 01 DATE 'mmous & 0000 4 9 jo THE eq: 18 190.1₫ jo service 1801 419 eq: A train left Chicago on the 31stult., and penetrated the SUM " raof 88 ques Jaj # obliged to return. Telegraphic dispatches inform Colonel Mason that, south of Bloomington, the track is all clear, and the trains are running regularly to Cairo. From Freeport to alena the road is open. The road between Lasalle and Bloomington is blockdn pe The Chicago and Rock Island Road, it was supposed, would be cleared of snow and in operation on the 1st or 2d inst. The Michigan Southern and Michigan Central were operating without detention. The Toledo and Illinois, and Lake Erie, Wabash and St. Louis Railroad Companies, have just concluded a negotiation for ene million of their Second Mortgage Bonds. The list of takers is very strong. The Road from Toledo to Huntington (120 miles) is to be pushed ferward at once, and opened for travel $ in June next. The Companies, not liking to depend for the completing the Road to La Fayette (Indiana) upon the sale of Second Mortgage Bonds, have reserved $922,000 of the First Mortgage to negotiate under a more favorable state of the market. The expenditure thus far has been $4,700,000; and for the total completion of the line (242 miles) the Companies jo 000'000'1$ pus jo 000 $922 the UMO Second Mortgage Bonds, which will, it is believed, furnish ample means. During all the severity of the times the Treasurer has negotiated $2,400,000 of Bones-none under 90 P cent. and accrued interest. We believe a bonus of 10 P cent. in stock was allowed on half a million of Bonds sold during the extreme pressure of August last. This line completed, extending from Teledo (Ohio) through the most fertile of all vallies-the Wabash connecting with the Great Western and Hannibal, and St. Joseph's, and other 86 prominent lines running west-must be considered 94 one of the most important lines of the country, and 691 has among its share and bondholders some of our 611 strongest men. We congratulate our western friends 89 on the prospect of an early completion of this highly 904 important route. 214 The Geneva (N. Y.) Gazette of Friday announces the failure of N. B. Kidder, private banker, with lia611 669 bilities to the amount of $200,000. He was sole or 815 part owner of the Bainbridge Bank and Bank of Hor$68 nellsville. This is one of the interior failures to which 202 782 we alluded a few days since. The drafts of the Bain120 bridge Bank upon its correspondent in this City are 197 discredited, but the circulating notes are amply se028 cured, and will, we understand, still be redeemed by 691 919 the State Bank at Albany. The Hornellaville Bank 142 $61 will not, we hear, suspend. The notes of this institution are also amply secured, and are redeemed at the 880 Metropolitan Bank in this City. The Bainbridge 385 Bank had on the 30th of September a circulation of 702 900 $89, secured by $92,118 New-York State stocks at 00 par value. The Hornellaville Bank had $50,064 cirLZ culation, secured by $31,033 State and $20,000 United '12 States stocks at par value. The Bank of Monroe at S Cuba is also connected with the failures alluded to. Its circulating notes are partly secured by bonds and mortgages, which renders them less safe than those of 979 sur the banks above named, but they are yet taken at the Metropolitan Bank. **** Mr. Draper holds his usual semi-weekly sale of 118 Stocks and Bonds to morrow, (Tuesday) at 121 894 o'clock. H6 429 During the first twenty weeks of the late Canal 880 season the shipments of Flour from Buffalo were 291 199 185,266 bbls. by Canal, 157,336 by Central Railroad, 801 08 AND 'A 'N pus sq 46,08 pus $33 898 that not one-half the aggregate was shipped by the 921 Canal. 018 614 The ease in the money market noticed last week 021 continues, and considerable sums have been loaned to199 161 day to leading houses on call at 5@6 + cent. Out82 siders, however, still pay 7 P cent. freely, and time loans are still negotiated with considerable difficulty. 921 The discount brokers have a good inquiry for paper at 988 8@9 P cent., and for strictly prime the supply does 925 825 not meet the wants of capitalists. The effect of low water in the Southern rivers is 899 512 shown by the exports of produce at New-Orleans, 215 818 which, for the three months ending 31st December, 030 1854, are $19,547,755, against $27,622,269 during the as 801 same period of 1853, showing a decrease of 88,074,514. 191 Produce is now arriving much more freely, and busi226 ness is active, although restricted by the difficulty of 996 negotiating Exchange. The N. O. Current of the 260 SAFE 9714 945 MONEY AND EXCHANGE.-We have still to con668 199 tinue to report the market amply supplied with all de$69 scriptions of exchanges, and the rates have again 01 paq mopies easy 0M though 'Sum diven SMS notice 80 irregular a market in regard to rates, more 119 particularly in relation to domestic bills at short 347 and sight, as will be perceived on referring to our 299 quotations. The banks are asking par for sight, 209 while bankers drafts and choice names have been 299 sold, out doors, as low as 1 P cent. discount. Sterling is offered in abundance, at all rates, while Francs 666 are almost neglected, except at concessions in price SLL that the better order of drawers are unwilling to sub967 T01 mit to. We quote for Sterling 51 @6 P cent. for certify & 12 pus 19@9 pus [Suipe] jo smg THE drafts '00 premium for names from good to choice, with an OC[up casional fraction more for a special remittance. 031 France, 5.25@5 321 P dollar. ork and Boston and '142'S "Junoostp central & to pas 'slep 09 at and I P cent. discount. Five and ten dayson


Article from Raftsman's Journal, February 24, 1858

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Article Text

CLIPPINGS AND SCRIBBLINGS. Afloat-the steam ship Leviathan. Busy doing nothing-our Legislature. Ale-in-some of the b'hoys on Monday eve-ning. Circulating-new counterfeit tens on the Gettysburg Bank Sold-fresh shad, in Washington last week, at $1 25 a pair. Abroad-the schoolmaster who was tight on Monday night. Must keep late hours-the one that sleeps during day time. Have triumphed-the revolutionists in Mexico, as per late advices. Busy--the bogus money men, in several of the neighboring counties. Ditto-the officers of the law, in making arrests and jugging the gentry. Selling-Pennsylvania Bank Stock, at $3 a share. One year ago it brought $120. Sold-Pennsylvania Railroad stock, in Philadelphia last week, at $44½ per share. Married-week before last, Ex-President Fillmore, to Mrs McIntosh, of Albany. Ed-ifying to see a chap feeling for a door in the corner of a room, after a little ale-ing. A "fast" man-John Brown, of Reading. He recently made 120 horse-shoes in one day. "An even exchange is no robbery," as the widow said when she swapped herself off for a widower. Question. What would have become of the venders of shilling calico, if women had never been invented? Found out-the meaning of the mysterious letters O. K., by some of the ladies. They say it is-Only Kissing. Introduced-a bill into the Louisiana Senate, authorizing the importation of 5,000 negroes from the coast of Africa. Has procured-J. P. Brown, of Ross county, Ohio, ten Cashmere goats from Constantinople. The fleeces are pure whito. Believed in diplomatic circles in Washington, that a war between the United States and Mexico is an event not very far off. Stated-that the Erie City Bank will resume specie payments in a few weeks. It has been discredited by the New York brokers. Must be presented-the notes of the America Bank, Trenton, N. J., to the receiver within 2 years from the 1st December, 1857. Has passed-the Massachusetts Legislature during a four week's session, two bills, of which one is to increase the pay of its members! Gives notice-the receiver of the Colchester Bank, Connecticut, that its bills must be presented before the first of March. Rather short notice. Disinterred-the bodies of Fife and Charlotte Jones, by order of Mrs. Wolf. Charlotte's sister, who has had them taken to Washington county and buried. Boasts-a Texas militia officer, that his men "would rally at the tap of the drum." Perhaps they would rally still more promptly at the tapping of a keg. Wealthy-the late Rev. Charles Avery, of Pittsburg. The estate is valued at $700,000; the great bulk of which is bequeathed to charitable and religious institutions. Still coming-hoops. At Senator Douglas's great ball, some of the gentlemen had little steel hoops in the bottom of their "pantaioon sleeves," to give a neat set over the boot. Reported a bill-Mr Jackman of the lower House of our State Legislature, providing for the sale of the balance of the canals owned by the State. Jackman is a democrat. Died-a little girl named Kate Lamont, in Manchester. She was sliding on the ice near her fathers house, fell, and hurt her foot so severely that lock-jaw ensued, terminating fatally. Made their appearance-bills on the Saline Bank. N. Y. There is no such institution in the State They are altered from an old "Wild-Cat" Michigan plate, by inserting the words "State of New York." Writes-a Washington correspondent, that from what he knows of Keitt the South Carolina sprig of chivalry, he deems it entirely probable that he was "too drunk to know whether he was struck or not." Sent-a requisition, by Gov. Packer to the Governor of Ohio, for the delivery up of Frederick W Porter, the late Secretary of the American Sunday School Union, who is a defaulter to the tune of $50,000. Sharp-the chap, who suggests that there is reason to believe that one of the descendents of Aaron, the Iligh Priest, was a native of Ohio. See Ezra VII, 4, which reads, "The son of Zerahiah, the son of Uzzi. the son of (a) Bukki." A funny fellow-the editor of the Erie Citizen. He says: "We will have six weeks sleighing in March." Now, either the editor must be mistaken, or the Almanac man has miscalculated for these "diggins," for he only allows us about four weeks in March. The "Central Bank of Pennsylvania," is not an "institution" yet, and not likely to be under the Buffalo auspices. The Commissioners, it is understood, have shut down upon that project, and are now asking the Legislature to reduce the capital stock to $150,000, with a view to start a safe and sound establishment on Blair county capital alone, and in the hands of Blair county men. Winding up the following N. York Banks. and going into final liquidation: Agricultural Bank, Herkimer; Bank of Central New York, Utica; Bank of Hornellsville; Bank of Orleans, Albion; Chemung Co Bank, Horse Heads; Hamilton Exchange Bank, Greene; Hollister Bank, Reciprocity Bank, Sackets Harbor Bank, Oliver Lee & Co's Bank, and Pratt Bank, Buffalo; Yates Co. Bank, Pen Yan; Ontario Bank, Utica. A North Carolina paper, commenting on the vote on Harris' resolution, asks: "Will anybody hereafter have the effrontery to tell Southern men that they must look to Northern Democrats for aid and comfort?" No, we think not, for the Democrats of the north have awakened to their true interests, and therefore cannot extend aid and comfort to the south; but there is a class of northern dough-faces that will comfort you, providing you have a few little loaves and fishes to spare. The Raleigh Register, speaking of the vote on Harris' resolution, and the effect it has on the Democratic party says: "The Democratic party, long distracted, has now as a national organization fallen utterly to pieces. It is as dead as last year's pickled herrings. While it lived it cursed the country, and now that it is dead, the country curses it" Well, neighbor, turn about is fair play and if the country has the advantage, let her get it, for her sufferings have been great from that motley crew of leeches. A few days ago, at the large furnace called "Union Deposit Furnace," situated in South Hanover township, Dauphin county, Pa., a terrible accident occured. It appears that while several persons were about the furnace, the hot metal came running out in torrents, so unexpectedly that the five persons were literally showered over with the liquid fire, immediately setting their clothing on fire and burning them in a dreadful and shocking manner. Some of the unfortunate men jumped into the canal, and others into the water tub.