14982. Exchange Bank (Buffalo, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 9, 1854
Location
Buffalo, New York (42.886, -78.878)

Metadata

Model
gpt-5-mini
Short Digest
437a2ab2

Response Measures

None

Description

Multiple contemporaneous newspapers (Nov 9, 1854 dispatches) report the Exchange Bank of Robert Codd, Buffalo, stopped or has failed. Articles list it among suspended/failed banks; no article describes an earlier depositor run or a later resumption of business. Therefore I classify this as a suspension that led to permanent closure/ failure. Bank charter/type not specified in the articles, so bank_type set to unknown.

Events (1)
1. November 9, 1854 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Contemporary dispatches state the Exchange Bank stopped or has failed (no specific external rumor cited); reported among bank failures, implying insolvency/financial failure of the bank itself rather than a mere rumor-driven run or government action.
Newspaper Excerpt
The Exchange Bank of Robert Codd has stopped
Source
newspapers

Newspaper Articles (16)
1. November 10, 1854 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, November 10, 1854

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COTTI IVINTITI [Reported expressly for the Daily Journal.] NEW YORK, Nov. 9, P. M. Elections thus far stand Seymour, 76,806; Clark, 64,702; Uliman, 60,661; Bronson, 13,389. For Mayor of New York City, Wood, 16,176; Barker, 15,143; Hunt, 12,809; Herrick, 4,785. A few more wards to hear from, which will not change the result for Mayor much. BUFFALO, Nov. 9. This is a blue day in monetary affairs.The Exchange Bank of Rob't Codd has failed. = CLEVELAND, Nov. 9. Canal Bank failed; paying bill holders but not depositors, effects assigned to W. J. Gordon, and J. R Hewitt who are paying specie at counter, Cashier says all bill-hola ders will be paid. Other Cleveland Banks are receiving Canal Bills on deposit at par. Canal Bank is bared upon independent State Stock pledged for circulation. . CHICAGO, Nov. 9. The Congressional delegation election consists of the election of Washburn, Norton, Knox, Williams and Yates, Whigs; Woodworth, K. N., Trimble, Anti-Nebraska Democrat. NEW BEDFORD, Nov. 8 / Liberty Hall nearly destroyed by fire this morning. Lower floor occupied by stores.The goods were mostly saved. Halifax, Nov. 9 The America has arrived with Liverpool dates to 28th. Flour-western 42s; Ohio 44s. Cornyellow and white 32s 6d. MANCHESTER,-Breadstfs slightly declined; lard moderate demand, prices favoring buyers; beef unchanged, pork dull.Bacon advanced 1s; rice advanced 1s, good REOOR demand. LONDON MONEY MARKET.-Transactions in American securities small; U. S. stocks unchanged; rates of interest lower. Consols closed at 94f. Bullion in the bank of England increased £500,000. Sebastopol was being bombarded, not taken. Austria and Russia were on the point of war. Mr Soule has been prohibited entering France. NEW YORK, Nov. 9. A Star of the West, in passing Sandy Hook, T gave a signal that the Yankee Blade was wrecked. No lives lost. A NEW YORK, Nov. 9. P. M. Flour declined 12c; good Ohio 8 50a6 24; T southern, sales 1,700 bbls at 6 85a9 25. Genesee wheat $2 20; southern red $1 80al 60. Corn adqanced, sales 7,500 bush. Pork deAS clined 12c; sales 2000 bols; coffee firm, 800 bags sold. Molasses scare; sales 225 bbls.Whisky firm. Galena lead 6 30 Stocks are unchanged. Money steady. Reading stock 704, Cleve land & Toledo 58, Erie 40f, N.Y. Central 843. NN CINCINNATI, Nov. 9, P. M. River stationary, weather clear and pleasant. Fiour in fine den and 7, 80@7, 90 Oats advanced to 42 Whisky 28. PAGER Cheese 10c. Previsions dull, and pricos nominal. Sales of Wisconsin potatoes at $1 20. Cloverseed $7. McMilikin & Co., private bankers, closed to day. There has been no run on other houses and depositers are concentrating on four or five leading esy tablishments. The Trust Co. Bank was crowded all day with depositors. Money matters improving. 1 Eastern exchange filf prem. Gold retails at 5 prem. Amount of money embezzled by Bodley now stated at $10,000. ILLINOIS ELECTION. VINCENNES, Nov. 9. Jas. Allen, Dem., supposed to be elected

2. November 10, 1854 Washington Sentinel Washington, DC
Article from Washington Sentinel, November 10, 1854

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Tight Times at Buffalo. NEW YORK; Nov. 9.-Through dispatches received by private parties in this city, I learn that this has been a blue day in monetary circles at Buffalo. The Exchange Bank of Robert Code has stopped payment. The suspension of at least one large house on the dock must follow.

3. November 10, 1854 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, November 10, 1854

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COMMERCIAL EMBARRASSMENTS IN BUFFALO-BANK FAILURE. BUFFALO, Thursday, Nov. 9, 1854. This is a blue day in our commercial circles. The Exchange Bank of Robert Codd has stopped, and we learn from private sources that the suspension of at least one large house on the dock must take place.

4. November 10, 1854 The New York Herald New York, NY
Article from The New York Herald, November 10, 1854

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Bank Suspension. THE CINOINNATI FAILURES, &C. CINCINNATI, Nov. 9, 1854. Messrs. Ellis & Sturgis and T. S. Goodinan & Co. have made assignments. There has been no run on the other bankers this morning: but large numbers of people are assembled around the doors of the suspended parties. Mr. Bodley, clerk in the banking house of S. W. Torrey & Co., has absconded with $1,500 or more. Theamount is not yet ascertained, and may prove much larger than is stated. McMackin & Co., private bankers, closed their doors to-day. There has been no run on other houses, and the deposites are now concentrating in favor of four or five leading establishments. The Trust Company Bank has been crowded all day with depositors. Money matters are beginning 10 improve. Eastern ex. change ranges from a half to one and a half per cent premium. Gold is retailing at five per cent premium. The amount of money embezzled by Rodley, the clerk of W. Torrey & Co., is. now stated to be ten thousand dollars. BANK TROUBLES IN CLEVELAND. CLEVELAND, Nov. 9, 1854. The Canal Bank of this city has failed. It is paying its bill holders, but not depositors. The affairs of the bank have been assigned to W. J. Gordon and J. L. Hewett, who are still paying at the bank counter specie for the bills, as presented. The cashier says that holders of the bills will be paid in full. All the other Cleveland banks are receiving the bills of the Canal Bank on deposit at par. The Canal is an independent bank, and State stock is pledged for its circulation. COMMERCIAL EMBARRASSMENTS IN BUFFALO. BUFFALO, Nov. 9, 1854. This is a blue day in our commercial circles. The Exchange Bank of Robert Codd has stopped, and we learn from private sources that the suspension of at least one large house on the dock must take place. FAILURE IN PITTSBURG. PITTSBURG, Nov. 9, 1854. A large banker of this city failed to-day, and there is a complete panic in the money market. From New Orleans. THE WEATHER IN NEW ORLEANS-COMMERCIAL AF FAIRS. NEW ORLEANS, Nov. 8-Noon. The weather here is fine and cool, but no actual frost has yet occurred. Our cotton market displays considerable activity, the sales this morning reaching 5,000 bales at previous rates. The stock of pork in this market is nearly exhausted, and prices have consequently advanced $2 per barrel— the quotation now being $16 for mess. Corn has declined to 80c. per bushel. The steamship Cahawba leaves here to-morrow for New York, via Havana.

5. November 11, 1854 The Daily Union Washington, DC
Article from The Daily Union, November 11, 1854

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Bank Panice and Troubles in the West. CISCINNATI, Nov. 9. -Messrs. McMackin & Co., private bankers, closed their doors to-day. There has been LO run on other houses, and the deposites are now concentrating in four or five leading establishments. The Trust Company Bank has been crowded all day with depositors, and money matters are improving. Eastern exchange ranged to-day from 1/2 to 11/2 premium. Gold is retailing at 5 per cent. premium. The amount of money embezzled by Mr. Bodley is now stated to be only $10,000. Messrs. Ellis & Sturgis, and T.S. Goodman & Co., have made assignments. There is a run on other bankers this morning, but a large number of people assembled around the doors of the suspended parties. Mr. Bodley, & clerk in the banking-house of S. W. Morrey Co., is said to have absconded with $1,500 or more. The amount is not yet known and may be much larger. CLEVELAND, Nov. The Canal Bank of this city has failed. It is paying its bill-holders but not depositors. [SECOND DESPATCH.] The affairs of the bank have been assigned to W. J. Gordon and J. L. Hewett, who are still paying at the bank specie for the bills as presented. The cashier says that holders of bills will be paid in full. All the other Cleveland banks are receiving the bills of the Canal Bank on deposite at par. The Canal is an independent bank, and State stock is pledged for its redemption. BUFFALO, Nov. 9. -This is a blue day in our commercial circles. The Exchange Bank of Robert Codd has stopped, and we learn from private sources that the suspension of at least one large house on the dock must soon take place, PITTSBURG, Nov. -Hugh King, banker, failed to-day, and there is quite a panic in the money market.

6. November 11, 1854 Weekly National Intelligencer Washington, DC
Article from Weekly National Intelligencer, November 11, 1854

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Detention of the Mails. PHILADELPHIA, Nov. 10.-Two trains of cars for Baltimore are detained at Grey's Ferry on account of the drawbridge being damaged by a passing steamer. A temporary platform is being constructed, upon which a large force is employed. The passengers from Philadelphia for Baltimore by the eleven o'clock train walked over to this side. Riot at Williamsburg. NEW YORK, Nov. 10.-At Williamsburg last night there was quite a rioteus demonstration, which for a time threatened serious results. A procession of some five hundred Americans were marching through the streets, when a difficulty occurred with a party of Irishmen, several of whom were badly beaten. In the course of the melee shots were exchanged between the combatants, and one man was wounded. Subsequently a mob attacked the Roman Catholic church and threatened the destruction of the edifice, but the military being promptly called out the rioters were dispersed before proceeding to further violence. Money Matters at Pittsburgh. PITTSBURGH, Nov. 10.-The panic in the money market has subsided. Mr. King's suspension is but temporary, and he will resume payment in a few days. Tight Times at Buffalo. NEW YORK, Nov. 9.-Through despatches received by private parties in this city I learn that this has been a blue day in monetary circles at Buffalo. The Exchange Bank of Bobert Code has stopped payment. The suspension of at least one large house on the Dock must follow. Sentence of Dr. Graham. NEW YORK, Nov. 10.-Dr. Graham, of New Orleans, convicted of manslaughter in killing Col. Loring, of California, at the St. Nicholas Hotel, in this city, a few months since, was to-day sentenced to the State prison for seven years-being the utmost limit of the law. Another Extradition Case. BOSTON, Nov. 10.-Capt. McDonald, of Gloucester, England, arrived here to-day charged with killing a man at Cape Breton. It is expected that the prisoner will be claimed under the Ashburton extradition treaty. Emigrant Ship Ashore. PROVIDENCE, NOVEMBER 10.-The French barque Virgin Marie, for New York, with emigrants, is ashore on the Bar twelve miles west of Montauk. She struck and backed off, but afterwards run on shore to prevent sinking. Fire at Montrose. MONTROSE, (PA.) NOVEMBER 10.- A destructive fire this morning consumed a large number of stores, shops, and dwellings, involving a loss of about sixty thousand dollars. Baltimore Market. BALTIMORE, Nov. 10.-The Telegraphic reports of an advance of breadstuffs in Europe are contradicted by the quotations, which do not show any advance in price. Small sales of Howard street flour were made here to-day at $8.50, and City Mills at $8.25, the market closing dull. Wheat, white sold at $1.80 a $1.90, and red at $1.75 a $1.80. There has been no actual advance, nor is there likely to be. Most of that offered was held over. Corn, white 74 a 76; yellow, old 76 a 80 cents; new white 70 a 74, yellow do. 73 a 77. Oats 45 a 49. Rye 110 a 120 cents Cloverseed $6 a $6.50; Timothy $3.25 a $3.50. In Provisions there is no change. Groceries are also quiet. Whiskey 42 a 43 cents. The Tobacco market is firm. The supply and receipts of all kinds are very light. Sales of only a few hhds. The prices are from 25 to 50 cents per cwt. higher than a fortnight ago. There is a good shipping demand. Total inspections of the week only 474 hhds. Sales to-day of about 2,000 shares of Baltimore and Ohio Railroad at 47 a 484, cash and time, closing at 47 offered, 471 cash asked. This shows a decline of $2.25 per share since yesterday. Md. 6's closed 103 a 104 bid, and firm. New York Market. NEW YORK, Nov. 10.-Buyers of flour still demand a reduction. Sales to-day at $8.56 a $8.81 for State and ALL - -

7. November 15, 1854 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, November 15, 1854

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The Bank Failures. Failures are the order of the day. A commercial crisis has come, which threatens to overthrow the would be "money Kings" of the country, and exhibit their affairs in a true but not very enviable light. Storms are said to purify the atmosphere, and it is to be hoped that the financiel storm now upon us will clear away the rubbish and show business men where and how they stand. The heavy failures which have recently occurred, have caused a feeling of insecurity throughout the whole country, and the people very justly begin to make an examination of their financial concerns. A month or two ago every day brought us news of Bank failures from New York, Michigan, Indiana, Kentucky and other States around us, 80 that some began to congratulate themselves, that our home institutions were better than foreign, (this may be the case; they are all bad enough;) but the recent news from Cincinnati, Dayton, Circleville, Columbus and Cleveland, is beginning to shake the confidence of the people in every thing, like banking institutions anywhere. First came the failure of Ellis & Sturges; about the same time, word was received that the Circleville Bank had 'gone by the board.' The next day the Miami Valley Bank "suspended payment." The day after, the Clin. ton bank of Columbus was said to be in a fainting condition, and last, but not least the Canal Bank at Cleveland has "given up the ghost" and robbed its depositors and time draft holders of one hundred and eighty thousand dollars! Beautiful institutions truly. If a poor man were to steal $35 to get food for his family, he would be deemed a felon and sent to the Penitentiary; but a Bank may receive thousands on deposite just on the eve of failure, suspend payment, defraud its credit. ors, out of their money and its directors and officers go unpunished! These are the same privileged institutions which are exempted from the payment of taxes, and as a consequenee are licensed to defraud and wrong the laboring classes without hinderance or restraint. The circulation of some of these Banks however, is secured by State or United States Stocks. Where this is the case the bill holders are secure. But the depositors of money with them, are without security and as a consequence lose the whole amount of their deposites. Below, we append a list of the only Banks in Ohio whose circulation is secured by State or United Statas Stocks deposited with the officers of State: Bank of Geauga; Canal Bank of Cleveland; City Bank of Cleveland; City Bank of Columbus; City Bank of Cincinnati; Commercial Bank of Cincinnati; Franklin Bank of Zanesville; Mahoning County Bank, Youngstown; Sandusky City Bank; Seneca County Bank, Tiffin; Western Reserve Bank, Warren; Bank of Commerce, Cleveland; Bank of Marion; Champaign County Bank, Urbana; Franklin Bank of Portage Co., Franklin; Forest City Bank, Cleveland; Iron Bank of Ironton; Merchants' Bank of Massillon; Miami Valley Bank of Dayton; Pickaway County Bank, Circleville; Springfield Bank; Stark County Bank, Canton; Union Bank, Sandusky City. 05 P. S. Since writing the above, news has reached us of the failure of the City Bank of Columbus, Farmers Joint Stock Bank, Buffalo; Wondbury Bank, Connecticut and Exchange Bank, Buffalo. So they go. We are a fast people.

8. November 16, 1854 The National Era Washington, DC
Article from The National Era, November 16, 1854

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Commercial Embarrassments in Buffalo. Buffalo, Nov. 9.-This is a blue day in our commercial circles. The Exchange Bank of Robert Codd has stopped, and we learn from private sources that the suspension of at least one large house on the dock must take place.

9. November 16, 1854 Gallipolis Journal Gallipolis, OH
Article from Gallipolis Journal, November 16, 1854

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at are happy to state that our the citizens have entire confidence in Clinton Bank. There is no run Clin- upon The fact that the bills of the in it. were thrown out, on Tuesday, 4. ton Cincinnati, Cleveland, &c., created some but run from abroad, kind has is apprehension of nothing apprehension of nothing of the the high character of who are connected with it is a e men guaranty, better than anything else, that it is all safe. The same paper of the 10th, contains the following items: r CITY BANK CLOSED.-The City Bank A did not open its doors this morning. little before ten o'clock the following placard was put upon the door: "Owing to the unprecedented monetary excitement that now prevails and the severe stringency of the money market, which has produced such disastrious results elsewhere, it is my painful duty to announce that this Bank has been compelled to suspend payment of its deposits. Its assets have been put into the hands of R W. McCoy, Wm. S. Sullivant, and D. W. Deshler as trustees, to adjust and settle its affairs. The interest of the creditors will be duly protected. The indulgence of the depositors and others is solicited in this distressing event. The circulating notes well of this Bank are secured, as is known, by Ohio State Stocks, deposited with the Treasurer of State, and I am assured by the officers of State, will be received in the payment of taxes. THOS. MOODIE. 2 O'CLOCK P. M.-The city is perfectly quiet. A few anxious faces linger about the City Bank, but a general feel- be prevails all will be done that can to ing relieve the necessities of those who will feel it the most. There is no run upon either of the H City Banks. The good old Franklin and the Exchange are as quiet as a summer morning, and the old ladies salt down the bills in their stockings with the entire assurance there is no such word as fail with either. The Clinton has had no run of any consequence. The impression is gener- dolal it is amply able to meet every lar. The Circleville Herald says the bills H of the Bank of Circleville are readily received by the business men of that afy city at par. Those who know its fairs are confident of its ability to rea deem all its circulation at an early day. It advises holders to submit to no shaves ce th upon P.S. them. Since writing the above we have tv received intelligence that Circleville is not so current or worth so money much as was supposed. When we know more we will say more about it. We clip the following items from the im same paper of the 11th inst.: If In the multiplicity of dispatches st and HT rumors that reached here from Cinso cinnati on Wednesday, was one that the m sit Banking House of Hatch & Langdon to had closed its doors. We are happy this was not the case. A heavy say was made upon them, but they ni stood run the test, and came off safe and pa th sound. John S. Dye, the notorious counterla Detector man, closed his shaving an feit shop on Wednesday morning, and it the is stated in the Cincinnati papers that constable has levied upon the small po traps, &c., in his "Banking office."John is, no doubt, a great rogue. th ta The Banking Houses of Ellis & Sturot Smead & Co., &c., have issued proclamations ges; to the public assuring the people that their assets are ample, ti and that a few days will be sufficient to reduce them to money, when every dolho lar of their indebtedness will be disW charged. For the sake of depositors, OF we hope this may prove true.di Wednesday &c., was a memorable day in the history of Cincinnati Banking, and po will long be remembered. We hope the worst is over, but we fear the end is not yet. pl FINANCIAL.-The Banking House of pl McMicken & Co. failed at Cincinnati, be yesterday. There was no run on other houses. Depositors are now taking St their surplus mainly to the Trust Co. er Bank, and there was a crowd there yesterday for that purpose. pe th Gold was selling in Cincinnati at five per cent premium. hi The Canal Bank of Cleveland made assignment of its assets to W. J. th an Gordon and J. L. Hewett, who it is said is paying out specie for its bills.da The other Cleveland Banks take them tio as usual, on deposit. tre Yesterday was also a blue day in an Buffalo. The Exchange Bank of Rob't of Codd had stopped payment. Some of ha the large houses on Dock street it is said, must go by the board. in Mr. Ellis, of the house of Ellis & Sturgess, is slowly recovering. mu INDIANA Banks.-The Cincinnati PL Gazette of Saturday morning last, says: Monday

10. November 18, 1854 Monongalia Mirror Morgantown, WV
Article from Monongalia Mirror, November 18, 1854

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Money Matters. The times are sadiy out of joint just now, 50 far as the Banks and money dealers out West are concerned. For the information and protection of our readers we have gathered up all the items of special interest on this subject that have reached us. They are as follows :The City Bank of Columbus, Thos. Moodie President, closed its doors on Friday last. The circulation is secured by State stocks, and there should be no loss. The notes of the Clinton Bank of Columbus are not received at Cincinnati, but the bank has not closed its doors. This bank was under the old system, and its charter has expired. The Circleville Bank is closed, but its notes are at par at home and 95 cents at Columbus. In Cincinnati there was an extensive run on the private banks. John S. Dye has closed. McMicken & Co. failed on Saturday. Ellis & Sturges, Smead & Co., and probably others, have issued cards, giving assurances that their assets are ample, and that a few stays will be sufficient to reduce them to money, when every dollar of their indebtedness will be discharged. Gold is selling at Cincinnati at five per cent premium! The Canal Bank at Cleveland made an assignment of its assets to Gordon & Hewett, who, it is said, are paying out specie for its bills. The other Cleveland banks take them as usual on deposit. The Exchange bank of Robert Codd, at Buffalo, has stopped payment. Others are expected to go by the board. Hugh D. King, a banker in Pittsburg, has failed. There is considerable of a panic in the money market of that city. The circulation of the Independent banks of Ohio is secured by State Stocks, and is worth dollar for dollar. The following is a list of them : Bank of Geauga Canal Bank of Cleveland City Bank of Cleveland City Bank of Columbus ; City Bank of Cincinnati; Commercial Bank of Cincinnati; Franklin Bank of Zanesville Mahoning county Bank, Youngstown Sandusky city Bank; Seneca county Bank, Tiffin ; Western Reserve Bank, Warren Bank of Commerce, Cleveland; Bank of Marions Champaign county Bank, Urbana; Franklin Bank of Portage co., Franklin Forest city Bank, Cleveland; Iron Bank of Ironton; Merchant's Bank of Massilon Miami Valley Bank, Dayton; Pickaway county Bank, Circleville Springfield Bank; Stark county Bank, Canton; Union Bank, Sandusky city. Though the notes of the several Branches of the State Bank of Ohio are not thus secured, their circulation may be considered as entirely safe.-IVheeling Gaz.

11. November 22, 1854 Grand River Times Eastmanville, Grand Haven, MI
Article from Grand River Times, November 22, 1854

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Loss OF THE STEAMER YANKEE BLADE.-The steamer Yankee Blade left San Francisco, Sept. 30, with 800 passengers and $153,000 in specie. Oct. 1, at 31 o'clock, P. M., whilst encompassed in a dense fog, she ran upon a reef of rocks, off Point Arguilla, and in less than twenty-five minutes sank in water below the promenade deck. The boats were immediately manned and all the passengers taken from the wreck, but one of the boats unfortunately stranding about thirty lives were lost. The next morning the steamer Goliath made her appearance and succeeded in picking up the survivors yet on the sea, amounting to six hundred, and landed them at San Diego, whither she was bound. Five hundred and thirty-six were left there until a vessel could be sent to bear them on their homeware journey. On her return the remaining part of the passengers and crew left were taken on board and landed at San Francisco. WRECK OF THE STEAMSHIP NEW ERA-TERRIBLE LOSS OF LIFE.-The packet ship New Era, of Bath, Maine, on her passage from Bremen to New York, with over two hundred and sixty passengers on board, in a dense fog, on Sunday night, went ashore off Deal, on the Jersey shore, and will probably prove a total wreck. The latest n'elligence received, states that the ship was breaking up, and more than one half of the passengers had been drowned in between the decks and overboard, and many were yet clinging to the wreck with but little prospect of being saved; the sea constantly breaking over the wreck and running so high that even a life boat could not out ride the waves. The passengers were all Dutch or German. BROKEN BANKS.-The following is a list of banks which have recently burst up, and are today rejected by our brokers. Each day adds new ones to the list. Where it will end cannot be determined. There is now but one safe rule and that is to take as little paper money as possible, unless you know that the bills are secured by safe stocks, and keep no others on hand.This is a necessary finale to such an increase of banks as we have had for the last few years.-So great an expansion of the currency was sure to bring a crash, and notwithstanding the repeated warnings, the banks have continued to increase in an unprecedented ratio. Here is the list: Maine-Bank of Hollowell, Shipbuilder's Bank. Indiana-All free banks. Ohio-All banks except State Bank and branches. Connecticut-Woodbury bank, Middletown bank. New York-Lewis County bank, Exchange bank of Buffalo, City bank of Buffalo. Kentucky-All banks. Illinois-Phoenix bank, Farmers bank, Merchants and Mechanies' bank, City bank, of Chicago; Elgin bank, Ottawa bank, Dupage bank, Bellvidere bank, Rock Island, Naperville bank, of Rockford. LATER.--We learn to-night, that the State banks and branches of Ohio and Indiana are refused by the brokers of this city. If this is generally done, the effect will be far reaching, and it would not surprise us to see a very general suspension by the banks of the country. Stand from under those that can. [Grand Rapids Enquirer.

12. November 23, 1854 The National Era Washington, DC
Article from The National Era, November 23, 1854

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NEWS OF THE WEEK. The Western Banks. The Cincinnati Commercial states that, in consequence of the pressure, the City Bank of Columbus, Ohio, has been forced to suspend payments of its deposites. The notes of the Bank of Kanawha sold at 25 per cent. discount; Bank of Circleville, at 50; Kentucky Trust Company, at 70; and Newport Safety Fund, at 80. The notes of the Clinton Bank of Columbus were again refused at Cincinnati on Saturday. Indiana stock notes are selling at 25 to 30c. discount. A note from the Treasurer of the State of Ohio states that the notes of the Miami Valley Bank, Canal Bank of Cleveland, Savings Bank of Cincinnati, City Bank of Columbus, and all other Ohio Stock Banks, will be received for taxes and all other public dues, as heretofore. These notes are abundantly secured by the pledge of Ohio and United States stock in the offices of the Auditor and Treasurer of State, which stocks are still commanding a premium in New York. No bill-holder, he adds, need necessarily lose anything by Ohio stock paper. For the sake of keeping our readers posted, we extract the following list of suspended Western banks, from Thompson's Reporter, of Nov. 18: The Union Bank, Chicago, Ill.; the Bank of Napierville, Napierville, Ill.; the City Bank of Chicago, III.; the Merchants and Mechanics' Bank, of Chicago, Ill.; and the Farmers' Bank of Chicago, are said to have failed; also, the Mechanics and Traders' Branch of the State Bank of Ohio, Cincinnati, Ohio; the Sandnsky City Bank, Ohio; the Farmers' Joint Stock Banking Company, Toronto, Canada; the Bank of Circleville, Ohio; the Exchange Bank, Buffalo, N. Y.; the Canal Bank, Cleveland, Ohio; the City Bank of Columbus, Ohio. Seven more Indiana Banks are under protest, viz: Wayne Bank, Logansport; State Stock Bank of Indiana, Peru; Upper Wabash Bank, Wabash; Perry County Bank, Cannelton; Steuben County Bank, Angola; Traders' Bank, Terre Haute; Great Western Bank, Terre Haute. It is proper to add that a number of merchants of the city of Chicago, Illinois, have agreed to receive at par the bills of the banks of that city, which has had a good effect, but the excitement nevertheless continues, as the holders want specie, not goods, for their bills. The Union Bank of Chicago was owned by Forrest Brothers, and the City Bank, owned by Bradley, Curtis, & Co. The failure of the Mechanics' and Traders' Bank of Cincinnati is not of much importance. It has been in process of closing its business for some time past, under the supervision of the board of control. Its capital in August last was only $60,000, and its circulation $47,339. The deposits and circulation are paid without interruption.

13. November 24, 1854 The Kalida Venture Kalida, OH
Article from The Kalida Venture, November 24, 1854

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bas Latest Banks Failed. The Bank of Circleville, Ohio, is said to have failed-also The Farmers' Bank, of Chicago, Ill. The Exchange Bank, Buffalo, N. Y. The Canal Bank, Cleveland, Ohio. The City Bank of Columbus, Ohio, suspended this morning. The Woodbury Bank, Woodbury, Con nec:icut, thrown out at the Suffolk Bank Seven more Indiana Banks under protest, viz: Wayne Bank, Logansport; State Stock Bank of Indiana, Peru; Upper Wabash Bank, Wabash; Perry county Bank, Cannelton; Steuben county Bank, Angola; Traders Bank, Terre Haute; Great Western Bank, Terre Haute, Look out for more soor!-Dye's Bank Mirror, Nov. 15th, 1854.

14. November 28, 1854 Spirit of the Times Portsmouth, Ironton, OH
Article from Spirit of the Times, November 28, 1854

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FAILURES! Aside from bank suspensions, we hear of several bankers and] merchants. &c. of some importance. He'are,a few of them : McMicken & Co., private bankers, Cincinnati. Exchange Bank of Robert Codd, Biffalo. Hugh D. King, banker, Pittsburgh. Ellis & Sturges, bankers, Cincinnati. do. T. S Goodman & Co., do. Smead, Collard s Hughes, do. John R. Morton & Co., A. Wilkins & Co., Pittsburgh.

15. December 6, 1854 The Cadiz Democratic Sentinel Cadiz, OH
Article from The Cadiz Democratic Sentinel, December 6, 1854

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suspended within a few months past. For the benefit of our readers, in these times of bank suspensions, we shall keep it standing, and make weekly additions thereto: Lewis County Bank, of New York. Carthage Bank, do Milrose Bank, do Drovers' Bank, do Bank of Carmel, do Ogdensburg, do Exchange Bank Buffalo, do Patchin Bank, Buffalo, do Eighth Avenue Bank, do Bank of West Killingly, Connecticut. Bank of Ellsworth, Maine. Bank of Circleville, Ohio. Clinton Bank of Columbus, Ohio. Canal Bank of Cleveland, do. Miami Bank, Dayton, do. Woodbury Bank, Connecticut. Shipbuilders' Bank, Maine. Merchants' and Mechanics's Bank, Chicago. Union Bank, Chicago, Ill. Knickerbocker Bank, do Farmers' Joint Stock Bank, Buffalo, N. Y. Farmers' and Mechanics' Bank, Oswego. Farmers' Bank of Canandaigua. Farmers' and Merchants' Bank, Maryland. Merchants' Bank of Macon, Georgia. Milford Bank, Delaware. Merchants' Bank Burlington, Vermont. River Bank Connecticut. Cumberland Bank, Maine. Kentucky Trust Company Bank, Covington. Newport Safety Fund, Covington, Ky. Commercial Bank, Paducah, Kentucky. Trans Allegheny Bank, Virginia. Kanawha Bank, Va. Massillon Bank, Ohio. Ohio Savings Institute, Tiffin. Cochitute Bank, Boston. Elkhart county Bank, Indiana. Bank of Northern Indiana. Bank of Washtenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Arlington Bank, Washington, D. C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. Akron Branch, Ohio. Merchants and Trader's Branch, Cin., O. City Bank, Columbus, Ohio. Commercial Branch, Toledo, Ohio. Ashtabula Branch, Ohio. Napersville Bank, Illinois. Merchants Bank, Bridgeton. Government Stock Bank, Ann Harbor, Mich. Cuyahoga Falls Branch Bank, O. Licking Branch Bank, Ohio. Phoenix Bank, Chicago, Illinois. Du Page county Bank, Illinois. Bank of Ottawa, Illinois. State Stock Bank, Peru, Indiana. Stock Bank, Lafayette, Ind. Bank of Elkhart, Plymouth Bank, Fayette county Bank, Delaware county Bank, Logansport Insurance Company, Indiana. Indiana Stock Bank, Laport. Savings Bank, Cincinnati. Scituate Bank, Rhode Island. Wollborough Bank, New Hampshire. Bennington Bank, Vermont. Monsum River Bank, Maine. Bank of Ellsworth. Bank of Milford, Delaware.

16. December 6, 1854 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, December 6, 1854

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FLOUR * вы. Ex. $10,00, com. 8,00@9,50 1,85@1,90 WHEAT if Bush. 80@ RYE if Bush. 75@ CORN if Bush. 40@ OATS P Bush. 1.25@ FLAX SEED P Bush. 3,25@3,00 TIMOTHY SEED P Bush. - 5,00@5,50 CLOVER SEED if Bush. 1,00@1,25 BEANS, white, P Bush. 1,00@1,25 POTATOES P Bush. 50@ 75 ONIONS P Bush. - 18@ BUTTER t 1b $ to - 8@ CHEESE if lb 10@ LARD P tb 12@ EGGS P Doz. 2,00@ SALT P Bbl. 3,00@4,00 COAL, stone, if Ton & 1,25@1,75 WOOD P Cord 1 9,00@10,00 HAY * Ton Broken Banks. The following is a list of Banks, that have suspended within a few months past. For the benefit of our readers, we shall keep it standing, and make weekly additions thereto, of such failures as come a ithin our knowledge: Patchin Bank, Buffalo. Farmers' and Merchants' Bank, Oswego. Farmers' Bank of Canadaigua. Drovers' Bank, Ogdensburg. Bank of Carthage. Farmers' and Merchants' Bank, Meryland, Massillon Bank, Ohio. Farmers' and Merchants' Bank, Memphis. Ohio Savings Institute, Tiffin Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avcnue Bank, New York. Bank of Ellsworth, Maine. Elkhart County Bank Indiana. Bank of Northern Indiana. Bank of Washlenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Newport Safety Fund Bank Kentucky. Kentucky Trust Company. Bank of Kanawha, Virginia, Arlington Bank, Washington, D. C. Farmers' and M. Bank, Washington, D.C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. The Shipbuilders' Bank, Maine. Lewis County Bank, New York. Akron Branch, Akron. Merchants and Traders Branch, Cin. Exchange Bank, Buffalo. Farmers' Joint Stock Bank, Buffalo. Woodbury Bank, Connecticut. Circleville Bank, Circleville. Commercial Bank, Toledo. Merchants Bank, Bridgton. Government Stock Bank, Ann Arbor, Michigan, The City Bank, Columbus, Miami Valley Bank, Dayton, and the CanalBank of Cleveland have suspended payment so far as depositors and time draft holders are concerned, but the bill holders are secured by State and United States Stocks.