14973. Commercial Bank (Buffalo, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 24, 1844
Location
Buffalo, New York (42.886, -78.878)

Metadata

Model
gpt-5-mini
Short Digest
4d3cd466

Response Measures

None

Description

Multiple articles (Apr 1844–Jun 1845) show the Commercial Bank of Buffalo under a receiver (S. G. Austin), sale of assets and dividend payments; Comptroller redeems circulating notes of insolvent 'Safety Fund' banks. No article describes a depositor run or reopening — the bank was insolvent and placed in receivership and its affairs being wound up.

Events (4)

1. April 24, 1844 Receivership
Newspaper Excerpt
Mr. Austin, receiver of the Commercial Bank of Buffilo, is very anxious to have the Legislature act ... S. G. AUSTIN Receiver of the Commercial Bank of Buffalo. Buffalo, May 16, 1844. (Receiver's sale ad.) Dated September 6th. 1844. AUSTIN, Receiver.)
Source
newspapers
2. April 24, 1844 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was insolvent and placed in receivership under the Safety Fund failures; assets being liquidated and receiver selling property and declaring dividends.
Newspaper Excerpt
Mr. Austin, receiver of the Commercial Bank of Buffilo, is very anxious to have the Legislature act ...
Source
newspapers
3. May 10, 1844 Other
Newspaper Excerpt
The Comptroller ... will redeem at par, the outstanding circulating bills of the ... Commercial Bank of Buffalo ... (notice dated June 6, 1845 appears later).
Source
newspapers
4. September 6, 1844 Other
Newspaper Excerpt
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 declared payable on the first day October next. at the office of the Receiver, in the City of Buffalo. AUSTIN, Receiver. Dated September 6th. 1844.
Source
newspapers

Newspaper Articles (10)

Article from New-York Daily Tribune, April 24, 1844

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Article Text

For Sales at the Stock Exchange, see Last Page. TUESDAY P. M. The Stock Market was rather heavy to-day, and the fancies lower, the consequence of a somewhat tightened money market. Exchanges are steady at 81 a 81 for Sterling; Francs are 5 2814 a 5 273 The decline in Cotton has caused the failure of Messrs. Buck & Co. of this city, to-day. It is feared that the heavy losses to be suffered by those who have been holding will cause more disasters of this kind. The Comptroller has given notice that the Bonds and Certificates issued in 1842, and made payable July 1. 1844, will be paid on that day, at the Manhattan Company, and that Do interest will be paid after that day. Thompson in his Bank Note Reporter of to day says: We doubt whether there ever has been a time when the merthants from distant cities procured funds for this city, more to their satisfaction than they have done this spring. Those who come through Chicago, bring drafts made by Geo. Smith & Co. The Michigan merchants bring drafts from the Michigan Insurance Company. Northern Ohio merchants procure it large portion of their exchange from Williams " Dow. Cleveland, and the Southern from Ellis & Vallette, of Cincinnati. Most of the Missouri exchange is furnished by E. W. Clark & Brothers, of St. Louis. The exchanges et Nashville, and the im. mense amounts from w-Orleans and Mobile, are also furnish. al by individual houses. A bank draft is quite a rarity. The rates of exchange, too, are lower and more uniform than at any former period. From no point IS more than one per cent premium charged on sight drafts: which 18 less than the expense and risk of transporting specie (in silver) to this city, The Legislature of this State will adjourn on the 7th of May. Holders of broken Safety Fund bank money. whose hopes were raised by the just recommendations of the Governor and Comp. troller, will be doomed to whit yet seven years for the redemption of that money. unless they bring an influence to bear on the Senate. without delay. The House is all right, and only wait10g for the action of the Senate, where the bill originated. An act has been passed. authorising receivers of insolvent banks to use the funds in their hands in payment of the liabiliLies of the banks. It is expected that the receiver of the Bank Oswego will now redeem the circulating notes of that bank, full. The receiver of the Commercial Bank of Oswego informs us. that he will make it dividend. in May, on such claims as shall be presented. Other receivers will, probably, do the same. Mr. Austin, receiver of the Commercial Bank of Buffilo, is very anxious to have the Legislature net on the recommendation of the Governor, and pass the act for the payment of the broken Safety Fund money. Bicknell's Reporter for to-day says:-Money may be quoted in Philadelphia, at from 5 to 6 per cent per anrum. The ordinary rate of the banks is six. Country money is not so good. The rates of discount on most of the interior Banks of Pennsylvania is 14 per cent. Relief Notes 134 to 2 per cent. The deposits in our Banks are not quite so large as they were a few weeks since. Alabama notes could not be sold to the Brokers on Saturday. except at very high rates of discount. viz: from 12 1/2 to 15 per cent. The rate for Virginia notes, yesterday. was 1 per cent. The Miners' Bank of Dubuque is to be galvanized into existence again-under whose auspices we are not told. A late Burlington paper says that the Cashier passed up the rivere Monday. with plenty of specie to resume. and that a branch is looked for at that place. (St. Louis paper. $20s counterfeit of the Northern Bank of Kentucky are in circulation. The signatures are written with a pen, and admirably done. The engraving is done well as a whole, but is darker. leas distinct. and coarser. Sis, purporting to be issued by the Bank of Louisville, signed John S. Snead, President, dated in 1843, the centre vignette, a train of railroad cars. are in circulation. The Bank never issued any notes at all resembling this. Above the railroad cars. in this spurious note, the steamer Henry Clay is represented. The quantity of shipping in Mobile at the last accounts, was very large. On the 10th there were in that port 81 ships: 30 of which were British: 25 barques, 17 of which were British, and 20 brigs, one of them Spanish, one Swedish and one Italian-making in all 126 square tigged vessels. There is also an unusually large number of vesseis now lying at New Orleans, extending for miles, and being three and four abreast. The old Post Notes of the Tenth Ward Bank, altered to the Moyamensing Bank, Philadelphia, are in circulation. The receipts over the Philadelphia and Columbia Railroad for the week ending April were near $6,755.06 since with Nov. last $71,933.23 gentleman near Oupelousas, in Louisiana, has succeeded in extracting oil from the pistache, or ground nut.


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.


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.


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:-


Article from New-York Daily Tribune, June 11, 1845

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BROKEN SAFETY FUND NOTES. - By reference to an advertisement of Comptroller Flagg in another column of this paper, it will be seen that the 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, will all be redeemed at par upon presentation and surrender. Those persons who insist upon the payment of the face of the bills and the inter. est must wait until the respective Receivers settle up the affairs of the Banks and obtain an order from the Chan cellor to that effect. We presume very few holders will refuse to receive the dollar for dollar now offered by the Comptroller.


Article from The New York Herald, June 11, 1845

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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 rédeem 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