14632. Clinton County Bank (Plattsburg, NY)

Bank Information

Episode Type
Suspension β†’ Closure
Bank Type
state
Start Date
June 6, 1845
Location
Plattsburg, New York (44.699, -73.453)

Metadata

Model
gpt-5-mini
Short Digest
1850348c228aa432

Response Measures

None

Description

Multiple contemporaneous newspapers (June 1845) publish the Comptroller's notice redeeming circulating notes of insolvent Safety Fund Banks and list Henry K. Averill, Plattsburgh as Receiver for the Clinton County Bank. This indicates the bank was insolvent, placed in receivership and its notes being redeemed by the state Safety Fund. No article describes a depositor run; records point to suspension/insolvency and receivership (closure).

Events (2)

1. June 6, 1845 Receivership
Newspaper Excerpt
The names and residences of the Receivers of the several Banks are as follows: ... Clinton County Bank, Henry K. Averill, Plattsburgh.
Source
newspapers
2. June 6, 1845 Suspension
Cause
Government Action
Cause Details
Comptroller's redemption of circulating bills under the Act for insolvent Safety Fund Banks; bank declared insolvent and placed in receivership under state law (Safety Fund).
Newspaper Excerpt
he will redeem at par, the outstanding circulating bills of ... the Clinton County Bank.
Source
newspapers

Newspaper Articles (6)

Article from The New York Herald, June 11, 1845

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Article Text

REDEMPTION OF NOTES OF INSOLVENT SAFETY FUND BANKS. COMPTROLLER'S OFFICE, Albany, June 6th, 1845. COMPTROLLER, in obedience to the Third Section THE 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 Oswego, 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 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. 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-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 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, George R. Davis, Troy. Clipton County Bank, Henry K. Averill, Plattsburgh. Bank of Lyons, Theron R. >trong, 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


Article from New-York Daily Tribune, June 12, 1845

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REDEMPTION OF NOTES Of Insolvent Safety Fund Banks. COMPTROLLER'S OFFICE, Albany, June 6, 1845. HE COMPTROLLER, in obedience to the third Section of the Act Chapter 114 of the Laws of 1845, here. by gives notice, that he will rΓ©deem at par, the outstanding circulating buts of the Commercial Bank of New York. the Bank of Buffalo, the Commercial Bank of Buffalo, the Com. mercial Bank of Oswego, the Clinton County Bunk, the Water. viet Bank, and the 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 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 be has collected the sums due the bank and applied the avails to the payment of its debts. The balance then remaining is is 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, 1815, In the case of the Bank of Buffalo, the final order has been made by the Vice-Clancellor 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 o ego have been redeemed by the Camptrolier. The names and residences of the Receivers of the several Banks are as follows: Commercial Bank of New-York, J. M. BLATCHFORD New-York. Commiercial 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 Lyona, 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, Comptroller. jell St


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.


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


Article from The New York Herald, June 14, 1845

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MUSIC. LADY, who has a thorough knowledge of music, being A taught by the first masters in Europe, and feeling heself fully competent to instruct in thataccomplishment, would wish to devote her time to the instruction of young ladies, on moderate terms. A note addressed to A B. C., at the office of jell 1w*re this paper, shall be punctually attended to. ANTED-By a French young woman, a situation to take W charge of children, or as lady S maid, with a family going to France. She can give the best of references. Address by letter, to M. P. A.. Herald Office. ju10 lw*m FOLLOWING STATEMENT is from one lof the THE most eminent Physicians of New Jersey, and well and favorably known to very many of the citizens of New York. Having seen in the New York papers certain advertisements emanating from P. S. Beekman, I would beg to inform the public that I am acquainted with J. H. Scheuck, and have been so since 1834-that in 1839 he commenced the manufacture of Schenck's Pulmonic Syrup in Flemington. I have seen several persons of this vicinity who have been cured of Pulmonary disease by this Syrup when all other means had failed. I am acquainted with P. S. Beekman, and know that the original Pulmonic Syrup had been established several years before he heard of it, and that Beekman has said that it was Schenck's Pulmonic Syrup that cured him. Beekman has told me that he acted as Agent for Mr. Schenck, and had no interest in the business further than the agency. I know, also, that Mr. Schenck is the originator of the Pulmonic Syrup, and believe that Beekinan knows nothing of its composition, and is using every eadeavor to deceive the public. I am a practising physician, residing near Flemington, Hunterdon county, N.J., and am utterly opposed to all Empericism; but having seen the good effects of the Pulmonic Syrup, and believing that an effort is now being made, by every unpiincipled means, to injure an honest and honorable man, it is from a sense of duty that I make the above statement. GEORGE P. REX. M. D. Office exclusively for the sale of Schenck's Pulmonic Syrup, No. 4 Courtla d street New York. P.S. Beekman, of 491/2 Courtland street, is no longer Agent j14 3t*rh for the sale of Schenck Pulmonic Syrup. REDEMPTION OF NOTES OF INSOLVENT SAFETY FUND BANKS. COMPTROLLER'S OFFICE, Albany, June 6th, 1845. THE COMPTROLLER. in obedience to the Third Section of the Act. Chapter 114 of the Laws of 1345, 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 Oswego, the Clinton County Bank, the Watervliet Bank, and the Bauk 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 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. 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-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 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, George R. Davis, Troy, Clinton County Bank, Henry K. Averill, Plattsburgh. Bank of Lyons, Theron R. Strong, Palmyra. Bank of Oswego, Charles Stebbins, Cazepovia. 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 as sets A. C. FLAGG, of the Bank Comptrolle j11 Stre


Article from Baltimore Commercial Journal, and Lyford's Price-Current, September 11, 1847

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20's. maud, 50's, let. ignette sailor seated on a bale of goods, with a flag in his left hand; on the left end figure of Liberty. Not countersigned. Bank of Watertown. [W.Ives, Pres., W. H. Angell, Cash.] 3's, a coarse imitation. Bank of Waterville. [J. Candee, Pres., D. B. Goodwin, Cash.] 5's, let. C. registered in red ink by G. Hanford. Bank of Whitehall. W mm. A. Moore, Pres. H. W. Palmer, Cash.] 3's, altered from I's of Hoboken Bank, N. J.; Bank of Whitehall stamp'd in large letters across top. 5's, let. A: the true bills have a steamboat on the bottom of the bill, between the names of the cashier and president, which is omitted in the counterfeit. 5's altered. "Bank of Whitehall," is at the top of the note. 10's, an alteration; Whitehall inserted. Bank of Whitestown. [J. Newton Dexter, Pres., J. S. Thomas, Cash.] l's, engraving is coarse, particularly the female o the right of the pres. Bullston Spa Bank. Ballston Spa. [James W Cook, Pres., Isaac Fowler, Cash.] Black River Bank, Watertown [L Paddock, Pres., G Gilbert, Cash.] 5's, altered from I's vig. a COW and country girl. Brooklyn Bank, Brooklyn. [W. J. Cornell, Pres., Abraham Haley, Cash.] 2's,let. C, dated July 9, 1839, pay Jas. Foster,jr Paper thin; engraying poor. 5's, altered from broken Michigan Bank 10's, altered from I's and 2' hold to light 10's, altered from the broken Monroe Bank, Mi chigan. Brotherton, cash., Adams, pres. Broome County Bank, Binghampton. Strong, President, T. R. Morgan, Cash.] I's, imitation of genuine; vignette, a man, horse boy and girl-on the right a female without a mouth; paper whitish. b's, let. B. Nov. 5, 1833. and some Jan 10. 1832, pay P. Pine, and some to R. Boy paper lighter vig. coarse There is small space between the first line, on which the name is written to whom the bill is payable, and the top of the D in the word 'demand. The D in genuine covers the line. 5's, let. C pay R. Boyd, of various dates, 5's, dated June 2.1832. pay to J. L. Bowne, C. Murdock, cash., V. Whitney, pres. 10's, vig blacksmith and implements Poor 20's, altered from 1's; there are a fe 20's out. ( anal Bank, Albany [John K. Paige, Pres. Theodore Olcott, Cash.] l's, the three signatures are written with bluish ink. while in the genuine two are in black and one the president's 15 of brownish hue. "Liberty" on the left around her head and near her staff are some scra ches intended rays. 3's, let. A. new plate; vignette, goddess of Liberty, &c. Poor paper; filling up and signing bad. 3's, altered from the broken Globe Bank, N.York, signed S. B. Day, cash 3'3, let. A, and some G various dates. well done. 5's, counterfeit E-D. Campbell, register, filling up and signatures very bad. 10's altered from one's goddess of liberty on the left end. Tin Dollars' slightly defective. 20's, altered from Canal Bank of Lockport, [Wm. O. Brown, Pres. C. W Rogers, Cash.] 5's, Sept.1 1841, pay E. Hurd. Engraving coarse 5's, altered fromone's. Catskill Bank Catskill [Thomas B. Cook, Pres. H. Hill, Jr. Cash.] 2's. let. B, dated Nov. 1, 1825, H. Hill, Jr., cash 2's,let. A dated Nov. 1. 1827, (date engraved,) No 2742. Paper of a whitish cast. 2's, let. B. Nov. 1, 1825. H.Hill, Jr. cash., Thos. B. Cooke, pres. New plate, late engraved, thick and yellow paper, engraving is coarse, K in Cutts kill, in upper part of note is below the other letters. 3's,vig. a woman seated, ship in the distance, H. Hill, Thomas B. Cook, president. 5's, let,C, pay E. Powers, June 5, 1830-vignette, Indian shooting a panther-face of Franklin light. 5's, let. C. Nov. 1. 1828, pay C. Hopkins. Vignette, an Indian shooting a panther, very well done II. Hill, cashier, Thomas B. Cook, president. 5's, let.C, pay to C. Hopkins, Nov. 1829. 10's. let A. Nov. 1, 1836-Carder, Durand, Ausin & Edmonds, engravers- close imitation of genuline-eng. rather coarse: the margins are broader. Cayuga County Bank, Auburn. [N. Beardsley Pres., J. N Starin, Cash.] 5's,pay Gershom Brower; G. B. Throop, cash. N. Garson, pres. Vig. an Indian. Eng. coarse & dark. 3's, let. B, engraving coarse, vignette blurred. 10's, letter A. paper thin, die work defective. Signatures written in same ink. Central Bank Cherry Valley. [D. H.Little, Pres., H. J. Olcott, Cash.] l's, old plate, the engraving is coarse and poor. 10's, let. B b, pay to S. Page, May 4, 1832. Champlain Bank, Ellenburgh 2's, altered from Clinton County Bank to 20. Chautauque Co. Bank, Jamestown [Sami. Barrett, Pres., Robert Newland, Cash. 5's, let. C, vig. an Indian with a bow; registered n the back: cashier's name is Robt. Newland on the genuine, and Rot. Newhuat" on counterfeit Filling 5's, let. D. pay C Gilbert, Jan. 1841. up and signatures bad. A poor imitation. 10's. let. B, Jamestown, Dec. 4, 1836, pay S. Hurd E. T. Foot, pres., A. D. Putchin, instead of Patchin. ch. Others, Jan. 14. 1837, pay H Pratt. 10's, let. A, Sept. 19. 1837, pay C. Weed- Arard Joy cash., C. T. Foote, pres. Paper thin. eng. coarse. C. Tappan & Co. eng. Phila. and N. York 10's, let. April 14, 1838, pay James Gray. 20's. altered. Vig. group of cattle. Chemung Canal Bank, Elmira. [Chas. Cook. Pres. John Arnot, Cash.] 5's. let. pay A. Bent. H. Maxwell, cash., J. G. M'Javell,pres. Poorly executed. 10's, dated June 4th, 1844, letter B, No. 3147, John Arnott. cashier, Charles Cook, president. Chester Bank, Chester. [Jas. heeler, Pres. Alex. Wright, Cash.] City Bank, Buffalo, closed. Clinton Co. Bank, Plattsburg, closed. [H.] K Averill, Receiver, Plattsburg.] 5's let. A, pay to J. Mad, Plattsburg, Oct. 1,1839, R. Yates, cash., H. Cady, pres. Vig. coarse. Commercial Bank, Troy. [Stephen W. Dana, Pres., Fred. Leak, Cash.] 3-Bills of all denominations, on this bank, altered from broken Comm. Bank, Millington, Md. Commercial Bank, Albany [J. Townsend, Pres. James Taylor, Cash.] (C-Bills of all denominations. on this bank, altered from broken Comm. Bank, Milington, md. l's, let. A, vig. several vessels under sail-T Tay lor, cash., Paul Grout, pres., April 3d, 1841pale. I's, Townsend, pres. Pale, and poor imitation. 1's, figure each side of the vignette very large, very light, J. Taylor, cash. John Townsend, pres. 3's. engraved by Durant & Co." from the spurious "Commercial of Poultney " which has been altered to "Commercial Bank of Albany." 3's,let. A, dated Nov. 27, 1841, J. Taylor. canh., John Thomson, pres. 3's, light, vig. ship at wharf, a schooner with her sails along side, a steamboat at a distance. On the left hand IS an Indian seated on rock 20's, let. D, Dec. 20, 1837, pay to bearer, Seth Hastings, pres., J. Taylor, cash.-vig. a steamboat and two vessels. Engraved by Durand & Co., N.Y. Commercial Bank, Friendship, Allegany Co. Commercial Bank, Buffalo, closed. [S.G. Austin, of Buffalo. Receiver.] DG-The most of the genuine bills of this bank have been redeemed, and those now in general circulation are mostly spurious. Commercial Bank, Rochester. [Asa, Sprague, Pres., Geo. R. Clark, Cash.] B-Bills of all denominations, on this bank, altered Comm Bank Millington, Md.