Bank of Orleans - Albion, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 19, 1859
Location: Albion, New York (43.246, -78.194)

Metadata

Model: gpt-5-mini
Short Digest: c27bb4b9

Response Measures

None

Description

Article (New-York Daily Tribune, 1859-03-19) reports Elizer Hart as Receiver of the Bank of Orleans and advertises a dividend on outstanding circulating notes. No run or reopening mentioned; bank is in receivership (permanent closure implied).

Events (1)

1. March 19, 1859 Receivership

Newspaper Excerpt: Elizer Hart, Receiver of the Bank of Orleans, advertises that a dividend of 35 per cent on the outstanding circulating notes of the Bank will be paid to the holders of said notes on the return of the same to his office in Albion on and after the 12th day of April next.
Source: newspapers

Newspaper Articles (1)

1. March 19, 1859 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, March 19, 1859

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Article Text

The receipts of the second week of Miebigan Southern Road, were $29,508. On the Rock Island the first week gave about $16,000. The Harlem continues to show an improving business-the gain thus far in March being about the same as to the same period in February. The Third-avenue Road gained, in February, about $7,000 over February, 1858. The Second-avenue shows increased earnings of about $150 per day; the quarterly dividend of 2 P cent will be made during the first week of April. The Philadelphia, Wilmington and Baltimore Railroad Company have declared 8 dividend of 3 P cent, payable 1st of April next. The April coupons of the land mortgage bonds of the Hannibal and St. Joseph Railroad Company will be paid on and after the 1st proximo by Messrs. Duncan, Sherman & Co. The injunction on the payment of the interest on the second mortgage bonds of the La Crosse and Milwaukee Railroad having been removed, the interest, we understand, will be paid on Monday, April 4. The business of the Clearing-House to-day was again large, amounting to $28,633,000. The supply of money among the leading stock houses is very abundant at 4@5 P cent. Money was more freely offered in large lots on call than at any time since the 1st of January. Paper continuesin moderate supply, and goes freely at previous rates. There are but few transactions in Treasury Notes, as the small discount they are now selling at offers but little inducement for importers to use them in payment for duties. There are large orders in market for the Government Loan at about 104, and that price was refased to-day for $100,000. We hear of $300,000 in gold going by the steamer to-morrow. The Sub Treasury to-day paid drafts for $250,000 of matured Treasury Notes belonging to & Wall street bank. It is thought about one half the Notes maturing this month will be presented for redemption. As they arenow & perfectly safe demand loan at 41 05 P cent interest, they are considered a very desirable investment by many institutions. The telegraphic advices from Buffalo indicate that the result of the Railroad Convention, now being held there, is very doubtful. The probability appears to be that it will separate without making any arrangement. Elizer Hart, Receiver of the Bank of Orleans, advertises that & dividend of 35 P cent on the outstanding circulating notes of the Bank will be paid to the holders of said notes on the return of the same to his office in Albion on and after the 12th day of April next. The annexed are the quotations for Currency, &c, and Land Warrants of Messrs. Le Huray & Co., No. a THE 11 treat corrected in done