15141. Agricultural Bank (Herkimer, NY)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 1, 1857*
Location: Herkimer, New York (43.026, -74.986)

Metadata

Model: gpt-5-mini
Short Digest: f5d892e9

Response Measures

None

Description

Contemporary papers list the Agricultural Bank of Herkimer among banks that suspended specie payments in Sept–Oct 1857. A receiver (Enoch B. Talcott) was appointed and pursued litigation; notices in late 1857–early 1858 show winding up/receiver activity. Articles attribute the suspensions at least in part to 'false stories circulated to their discredit' (rumors). No article indicates the bank reopened; evidence indicates receivership/liquidation.

Events (3)

1. September 1, 1857* Suspension

Cause: Rumor Or Misinformation
Cause Details: Contemporary reports attribute the bank's (and allied Dairymen's Bank) 'alternate suspension' to false stories circulated to their discredit; papers list it among suspended banks in Sept–Oct 1857.
Newspaper Excerpt: NEW YORK ... SUSPENDED specie payments: NEW YORK. Agricultural Bank, Herkimer.
Source: newspapers

2. September 29, 1857 Receivership

Newspaper Excerpt: Enoch B. Talcott of Oswego has been appointed, by the Supreme Court, receiver of the Agricultural Bank of Herkimer ... it is hoped that the Agricultural Bank can be resuscitated.
Source: newspapers

3. December 3, 1857 Other

Newspaper Excerpt: Enoch B. Talcott, Receiver of the Agricultural Bank of Herkimer, Plaintiff, vs. John Hollister ... plaintiff filed against them in the Court of Common Pleas ... 3d day of December, 1857 (petition to recover judgment).
Source: newspapers

Newspaper Articles (13)

1. September 29, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, September 29, 1857

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Mesers. Trevort & Colgate have taken the office No. 47 Wall street, formerly occupied by Messrs. Beebe & Co., and are prepared to buy and tell all descriptions of specie and bullion. The earnings of the Lehigh Valley Railroad for the month of August, 1857, were as follows: $50,441 96 August, 1857 30,197 66 August, 1856 $20,244 32 Increase 67 P cent The interest warrants on School Bonds of the City of Zanesville, Ohio, due 1st October, will be paid on presentation at the Nassau Bask. Enoch B. Talcott of Oawego has been appointed, by the Supreme Court, receiver of the Agricultural Bank of Herkimer and the Dairymen's Bank of Newport. It is hoped that the Agricultural Bank can be resuscitated. The run upon the Seneca County Bank at Waterloo continued at the latest advices. The officers of the Bank are confident of an ability to meet any demand which can be made upon it. The run upon the Bank of Geneva had ceased. The excitement was entirely st an end, and the business of the Bank was going on as usual. The quantity of flour, wheat, corn and barley, left at tide-water, during the 3d week in September, in the years 1856 and 1857, is as follows: Flour, bbl. Wheat bu Cera, ba. Barley, be. 461 070 733,957 168,020 1856 38,783 286 878 110,505 119,120 1007 17,570 Dec 90 Dec 175,192 Dec 623,458 Dee 48 71,219

2. September 30, 1857 The New York Herald New York, NY

Article from The New York Herald, September 30, 1857

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workmen that in future wages will be paid only quarter ly, the next payment to be on the 19th of December, advances in the meantime being made to them at the store of the works. The proprisiors say in their cardIt Is proper to state that the plan of payment now adopted mainly grows out of the very mistaken practice of demanding of the banks specie for the bills paid out by us. The barss, in view of this constant annoyance very naturally prefer to retain their bids in thair own vaults to issuing them for ment to our workmen. The following issachusetts banks have lately declared semi-annual dividends of four per oent:-Mount Wollaston, Quincy; Brighton Bank; Barastable Bank, Yarmouth; Bank of Cape Cod-ali payable October 5. The Merchants' Bank, of Boston, 3½ per cent; Boylston Bank, 1½; Rockland Bans. Roxbury, 4 The bills of the Honerdale Bank, of Pennsylvania, are still redeemed by Mewrs. Carpenter & Vermilye, of this city. The bank has not kept an account in Philadelphia, and its objef correspondence is with New York The exports from Baltimore for the week ending last Thursday amounted te $318,722 Included in this sum were 14,567 barrels of flour, 15,584 bushels of wheat, 64. barrels of corn meal, 4,391 bushels of corn, and 1,543 hogeheads of tobacco. The wheat went to Liverpool, and. with 2,600 barrels of flour to the same port, are the first shipments of this year's breadstuils from Baltim to Great Britain. One of our cotemporaries gives the following synopsis of the new bank law of Onio, which the people of the State are to vote upon on the second Tuesday of October. It is called "An act to incorporate the Bank of Ohio and branches":A central office and Board of Directors at Columbus from which notes of circulation are to be issued to the re. spective branches, and also rules for the government of the branches and records for the exemination of authorized officers. Each director must take an oath and give a bond for the faitbful discharge of his daty. Each branch to pay ten par cent on its circulating no.es towards a safety fund for the redem tion of detaulting bils Safety fund 10 be invemed in stocks of the State or of the United States, and interest to DO paid over to the depositing bank all loans OR real estate payable on demand. Circulation issued to branches in a decreasing ratio on each hundred thousand dollars of capital. Refusal to redeem its notes by any branch shall be an ant of insolvency, and the central bank shall "wind it np." Each solvent branch shall contribute its proportion to pay broken notes, and be compensated afterwards from the safety fund when securities are sold. Parent bank may establish depositoffices in other places and a clearing house at Columbus. An office 10 be estab ished in New York for necessary receipts and disbursements No branch to have less than $100,000 capital, one half, at least, to be paid In coin of gold or silver No branch shall be organized in Hamilton county (CinCinnati) with less an $500,000 capital A limitation to lewser amounts in other connies. ADY existing branch of the state Bank of Ohio, or any authorized free bank may become a branch by conform ing 10 the act No wharebolder to receive dividends while indebted to the bank The directors or each bank shall own collectively at least one tenth of is stock Toe stockholders collectively of any branch, not to have lossue over one third of Receptial, either as principal or ondorser, or both "Nor shall the directors be liable col lectively for more than one third of the stock of which they are bona fidsowners." "No notes to 00 circulated as evidence of money, except those regularly issued by the Bank of Ohio." Each bank to receive the notes of all the others at par in payment of debis Each branch to keep on hand 33 per cent of its circulalation in coin or its equivalent. Actual deposits in Phis deleha, New York, Bahimore and Boston to be deemed equivalent to specie. Interest limited to six per cent. Stockholders individually dable to the amount of their *tock. E B. Talcott, of Oswego, has been appointed by the Supreme Court receiver of the Agricultural Bank of Herkimer and the Dairymen's Bank of Newport. These banks were somewhat connected in their business, and their alternate surpension # attributed to false stories circulated to their discredit. Their assets are believed to be ample to protect their creditors in every department. The capiis! of the Agricultural Bank was $125,000, and its circulation was $99,736, and the securities deposited with the department were:Bor and ortgages $50,487 8,600 New York State stocks, 5 per cent 42,000 New York State stocks, 6 per cent Total $101,067 The capital of the Dairymen's Bank was $100,000 and circulation $98,847. The securities are;Bonds and mortgages $27,825 New York State BIOCKS, 5 per cent 5,000 New York State stocks, 6½ per cent 5,000 New York state stocks, 6 per cent 63,000 Total $100,826

3. October 9, 1857 The Evansville Daily Journal Evansville, IN

Article from The Evansville Daily Journal, October 9, 1857

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DISCREDITED BANKS. The following is a corrected list, to date, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R I. America Bank, Trenton. N.J., Agricultural Bank, Tenn. Agricultural Bank, Herkimer, N. Y. Bergen County Bank N.J. Bank of Canandaigua, N. Y. do Naperville, III. do Believille, de do Nashville, Tennessee. do Springfield, Ohio. do Tecumsch, Michigan. do Orleans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R.I. do Hallowell, Me. do America, Tenn. do West Ternessee, Tenn. do Paris, Tenn. do Corning. N.Y. do the South County, R. I. do North America, Connecticut. do Kanawha. V Tirginia. do Eigin, III., S. S., small circulation. do the Capitol, Indianapolis, Ind., S. S. do Middleton, Penn. do Watertown, N.Y. do Chester, III. do Eigin, do do Pike County, III. Central Bank, Indianapolis, Ind., S.S. Chemting County Bank, Horse Heads, N.Y., S. S. Clinton bank, Columbus, Ohio. City Bank, N.J. Cumberland Savings Institute, Md. Commercial Bank, Columbia, S. C. Citizens' Bank, Tenn. Corn Exchange Bank, Ill. Charter Oak Bank, Hartford, Conn. Colchester Bank, Conn. Dan Bank, Vt. Dayton Bank. Ohio. Dairy Bank, Newport, N.Y. Ellsworth Bank. Maine. Exeter Bank. N. H. Exchange Bank, Pittsburgh, Pa Exchange Bank. Hartford, Conn. Farmers' Bank of Saratoga Co., N. Y.,s.s Farmers' and Manufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R.I. Farmers & Mechanics' Bank, Kent county, Md. Farmers and Merchants Bank, Md. Fairfield County Bank, Nor. alk, Ct. Farmers & Mechanics' Bank, Detroit, Mich. Honesitate Bank, Pennsylvania. Hollister Bar k, Buffalo, N. Y., S. Hancock Bank, Maine. Hugenot Bank, N.Y. Hopkinton Bank, Westerly. R T. Hamilton Exchange Bank, Hamilton, N.Y. Island City Bank, N. Y. city. Jefferson County Bank. N. Y. Lee Bank, Massa husetts. Mechanics' Banking Association, N. Y., S.S. Mount Vernon Bank, Providence, R. I. Maratine Bank, Maine. Monson River Bank, Me. Macomb County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Morgan Bank, Ga. Miami Valley Bank, Ohio. Medina Bank, Medina, N.Y. Munson Bank, Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercar tile Bank, Hartford, Conn. N.Y. Security Bank, N.Y. Nebraska m ney has been thrown out by St. Louis brokers, excepting the Bank of Florence. Niagara River Bank, Tonawanda, N. Y., reported failed, S.S. Ontario Bank, Utica, N.Y. Ohio Life Trust Company, don't issue notes. Oliver Lee & co. Bank, N. Y.-reported failed, S. S. Ocoee Bank, Tenn. Ontario County Bank, Phelps, N.Y. People's Bank, N. V. city. reported failed, S. S. Pawcatuck Bank, Pawcatuck, Ct. Port Plain Bank. N. Y.,s.s Recipr city Bank, Buffalo, N. Y., new bank, S. S. Rhode Island Central Bank, R.I. Sanford Bank, Me. Sackett's Harbor Bank, N.Y. South Royalton Bank, Vt. Seneca County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N.Y. Warwick Bank, R. I. Wonster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. 8." means securet by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.

4. October 10, 1857 Weekly National Intelligencer Washington, DC

Article from Weekly National Intelligencer, October 10, 1857

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SUSPENDED BANKS EASTWARD. The New York Sun gives the following list of Banks located east of Maryland which have suspended specie payments : MAINE. Canton Bank, China. Monsum River Bank, Sanford. Exchange Bank, Bangor. Sanford Bank, Sanford. NEW HAMPSHIRE. Exeter Bank, Exeter. Weare Bank, Hamilton Falls. RHODE ISLAND. All suspended specie payments. MASSACHUSETTS. Bass River Bank. Western Bank, Springfield. Lee Bank, Lee. VERMONT. Danby Bank, Danby. South Royalton Bank, South Stark Bank, Bennington. Royalton. CONNECTICUT. Bridgeport City, Bank, Bridgeport. Thompson Bank. Bank of Hartford County. Windham County Bank. Bank, of North America, Seymour. Mercantile Bank, Hartford. Colchester Bank, Colchester. Exchange Bank, Hartford. Pawcatuck Bank. Charter Oak Bank, Hartford. NEW YORK. Agricultural Bank, Herkimer. Island City Bank, N. Y. city. Leonardsville Bank. Bank of Canandaigua. Bank of Central New York, Utica. Mechanics' Banking Association, Bank of Lima. New York city. Bank of Old Saratoga. Medina Bank. Bank of Orleans, Albion. Niagara River Bank, Tonawanda. Bank of Watertown. Oliver Lee's Bank, Buffalo. Chemung County Bank. Ontario County Bank, Phelps. Dairymen's Bank, Newport. Ontario Bank, Utica. Farmers' and Citizens' Bank, L.I. Oneida Central Bank, Rome. Farmers' Bank, Hudson. Powell Bank, Newburgh. Hamilton Exchange Bank. Reciprocity Bank, Buffalo. Hollister Bank, Buffalo. Sacketts' Harbor Bank, Buffalo. Hudson River Bank. Western Bank, Lockport. Huguenot Bank, New Paltz. Worthington Bank. Yates County Bank, Penn Yan. NEW JERSEY. America Bank, Trenton. Bank of N. J.; N. Brunswick. Bergen County Bank. Bordentown Banking Company. Burlington Bank. Burlington County Bank. Camden Bank, Camden. Cumberland Bank, Burlington. Farmers' and Mechanics' Bank, Gloucester Bank, Woodbury. Camden. Hunterdon County Bank. Mount Holly Bank. Phillipeburgh Bank. Princeton Bank, Princeton. Salem Banking Company, Salem. Union Bank of Frenchtown. PENNSYLVANIA.

5. October 17, 1857 The New York Herald New York, NY

Article from The New York Herald, October 17, 1857

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THE CASE OF THE CASHIER OF THE AGRICULTURAL BANK OF HERKIMER. HERKIMER, vis Unoa, Oct. 16, 1857. The Grand Jury have dismissed as unfounded all the complaints made against Harvey Doolitile, cashior of the Agricultural Bank of Herkimer. A meeting of the direc tore and stockholders of the bank, representing four fifths of its capital, bad previously unanimously certified that the charges were unfounded, and that they had entire confidence in the receiver, and that his appointment was necessary and judicious, and that they requested his confinuance. THE MONEY CRISIS IN MASSACHUSETTS. THE BOSTON BANK-MIEETING OF BOSTON MESCHANTS. Boston,Ost. 15-P. M. The Massachussetts Bank at the meeting to-day united fully with the other banks in the suspension. It is said though this bank catenaibly held out yesterday, but it only redeemed its small bills. There was very little movement in stocks to day. All financ al matters remain quiet. The suspensi n of Little, Alden & Co. was published today in the Journal, Traveller, and other morning papers, but their suspension is denied as per the following: Mr. Edwands, of the Pacific Mills, publishes a card ask ing for renewal of the obligations of the corporation for six months after maturity, under which arrangements, he says, no creditor can lose by them, as their property is BD ple and their raills can be kept in operation. Messrs Little, Alden & Co. are the selling agents of the Pacific Mills, and ba ve not suspended, and will not if the Pacto Mills can obtain the extension asked for. They have very limited liabilities in this country. BOSTON, Oct. 16, 1867. A meeting of bank directors and leading merchants was held this forenoon, at which the policy of an extension of money facilities was discussed. Mr. WM APPLETON thought that the banks might safely increase heir loans to the amount of that of last Augustabout $63,000,000. At the present time they amount to about $40,000,000 Mr. NATHAN APPLETON expressed similar views. Measrs. LAMB and HALL, for the bank officers, expressed their earnest demire to act, so far as their present position would justify, for the relief of the business community. The meeting then adjourned uu to-morrow morning. The money market remains quiet, and everybody ap. pears to be waiting the result of the suspension. Stocks show a little more activity. The specie broker: are realizing small gains, gold being plenty at one per cont premium. HON. N. P. BANKS ON FINANCIAL AFFAIRS. BOSTON, Oct. 15, 1857. In the face of a drizzling rain and thick fog Faneuil Hall was crowded to night to hear the address of the Hon. N. P. Banks, the Republican candidate for Governor of this State, on financial affairs. The meeting was a political one, but the announcement that the distinguished gestleman would devole most of his address to the causes and remedies of the present all absorbing financial convulsion, filled the hall early with people of every shade of politics and social position. Hon John A. Wilkins presided, and introduced Mr. Banks, who was received with the greatest entbusiasm. Mr. BANKS commenced by saying that when he engaged to speak in Faneuil Hall, he designed 60 speak on the sub ject of the policy of the State and nation, and not on the great monetary crisis which had been brought upon the country the distress caused by which 16 was impossible to pass over in silence. He complimented the men of the city of Boston for the courage and vigor with which they had met the storm which had so suddenly broken upon them, and for the union of interests and purposes employed to fend off its evil effects. The steadiness of their position bad sustained the business character of the city, which was her chief honor. Recurring again to the subject, Mr. Banks said that no one could possibly avoid a ling of sorrow and distress on account of the suffering which the monetary crisis had occasioned. Fortunes that had been the result of fifty years of close at ention, great in tell genoe, and unwearied industry and frugality had been dissipated in night: and in the wasting away of the great commercial landmark, there had been a corresponding wreck of other interests Every one must feel sympathy for labor without employment and support; labor made houseless unexpectedly, with some reason to fear that in the coming winter It would be breadless. With all the the suffering and loss consequent on the crisis which Boston had experienced there would be always means to supply the wants of those suffering without faults of their own. One view of the subject indicated, It seemed to Mr. Banks, that the general disability of the period would be but temporary The country was never richer than to day, for the agricultural crops were estimated at a value of two thousand millions of dollars, and the product of manufacturing indus at about fifteen hunnred millions With our means of intercourse with other parts of the world. the enterprise of our merchants, the economy of our families-in fact all persons would infuse into the condi tion of the country confidence which would enable us in a few months to arise from the fail we had ex perienced The spirit of economy which might be imparted to our national life would enable us speedily to recover from digneter. There could be no just comparison between the condition now and what it was in 1837 The speculations of that period were fruitless, both as regards agriculture and manufactures. Capital in the latter mentioned perio 1 was in city lots, whereas now 14 was invested in the in dustrial interests of the country. There was in 1837 but 000 000 in specie in the whole country, with 000 of circulation in bank paper Now, at least in 1856, as cording to the statement of the Secretary of the Treasury, there was $250 000,000 in specie Probably tere was now as much as 000 00 to $176 000 000 of bank notes in circulation. In this State the banking interest was in safer conditi ID at present than in 1887. and the condence at the people in this particular was greate and the feeling of hostility to the banks was far 1004. In regard to the cause of the crists ifferent people held different vie vs, an cording to their political bearings and here Mr. Banks wish ed that his purpose was to spesk of the policy and not to reprehension of parties or of men-ani also according to their conceptions of monetary affairs. A few leadi * facts would probably precede other observations Mr. Banks had to make, and tend to beget A just understanding of our po sition and a fair eive dation or our difficulties As an im portant fact in this connection 1: might be said that If this crisis had been deferred another two months it would not have occurred this year. An opportunity to have irans ported the agricultural products from the valler of the Min stasippt, which had yielded nearly double its asual value to the Atlantic coast, would have 00 stituted suc) wealth as would have enabled our merchants and paople to meet all demands agains them. It was, therefore, to some sort a panic that had produced the difficulty Mr Banks would not discoss the cause of the panic, but that which had contributed materially to bring It about Among her things the facts were to be recognized that the government of this country was a power: that the government had both an open and a tacts llaence-it had duties which It could not avod and responsibili ties which It had to meet The common opinion that the inflation of the currency was the sole cause of the extravagance of the times, both la expend ture and in trade, must be lasen with some qualideati 10 There were other and deener causes to which we might not only attribute public and private extra agance in the ordinary experses of life and to the extens of our unet ness relations, but to which we might also attribute lead log blame in the inflation of the currency Paper money must have breathed into 11 the breath of life, other It could not go alone. It cannot endow Itself with life, but a vitality must be imparted to 11, whether It is produced by the people or by the R vernment. Measures may be devised to give the currency of the coun try greater stability by limiting its issues upon Its specie capital. There were fifty millions of dollars of bank notes in circulation of the denomination of fire dollars and un der, and the time was not far distant when there would be a concurrence in the adoption of permanent measures that will tend to the substitution of gold and sliver in the hands of the people for the small notes they no hold in compensation for their labor, and that would tend more than any other event to give sta bility of a solid character to our currency There was a disposition current to retain gold and silver. People parted with every other product with pleasure, but the precious meta's they retained as long as possible Gold and silver for the pay of labor, and bank notes of the higher denominations for commercial pur DOBAR would be ever: where comfortable and safe media of

6. October 17, 1857 The New York Herald New York, NY

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HERKIMER, vis Usioa, Oct. 16, 1857. The Grand Jury have dismissed as unfounded all the complaints made against Harvey Doolitile, cashier of the Agricultural Bank of Herkimer. A meeting of the direc tore and stockholders of the bank, representing four fifths of its capital, had previously unanimously certified that the charges were unfounded, and that they had entire confidence in the receiver, and that his appointment was necessary and judicious, and that they requested his confinuance.

7. October 17, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, October 17, 1857

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THE CASHIER OF THE AGRICULTURAL BANK OF HERKIMER. HERKIMER, via UTICA, Friday, Oct. 16, 1857. The Grand Jury have dismissed as unfounded all the complaints made against Harvey Doolittle, Cashier of the Agricultural Bank of Herkimer. A meeting of the Directors and Stockholders of the Bank, representing four fifths of its capital, had previously unanimously certified that the charges were unfounded, and that they had entire confidence in the Receiver, and that his appointment was necessary and judicious, and that they requested his continuance.

8. December 10, 1857 The Perrysburg Journal Perrysburg, OH

Article from The Perrysburg Journal, December 10, 1857

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Perrysburg, Dec. 10, 1857.31w3$1.25. Wood County Common Pleas. Enoch B. Talcott. Receiver of the Agricultural Bank of Herkimer, Plaintiff, VS. John Hollister, Frederick Hollister. Henry Stanton, and Henry R. Will cox, Defendants. AID defendantsare hereby notified that on the 3d S day of December, 1857, said plaintiff filed against them in the Court of Common Pleas of Wood county, Ohio, his petition, the object and prayer of which is to recover judgment against said defendants for the sum of $7,217 87, with interest from January third, 1857, on a certain judgment rendered in the Supreme Court of the State of New York. for the county of Herkimer, on the third day of January, 1857. in favor of said Agricultural Bank of Herkimer, and against said defendants. Said defendants are further notified that they are required to answer said petition on or before the 6th day of February next, or a judgment will be rendered against them by default. HILL & PRATT, Pltrs. Attys. Dec. 0, 1857-31w6$3.80

9. January 7, 1858 The Perrysburg Journal Perrysburg, OH

Article from The Perrysburg Journal, January 7, 1858

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December 17, 1857.32w4$3,00 Wood County Common Pleas. Enoch B. Talcott. Receiver of the Agricultural Bank of Herkimer, Plaintiff. vs. John Hollister, Frederick Hollister, Henry Stanton, and Harvey R. Wilcox, Defendants. AID defendantsare hereby notified that on the 3d day of December, 1857. said plaintiff filed against them in the Court of Common Pleas of Wood county, Ohio, his petition, the object and prayer of which is to recover judgment against said defendants for the sum of $7,217 87, with interest from January third, 1857, on a certain judgment rendered in the Supreme Court of the State of New York. for the county of Herkimer, on the third day of January. 1857. in favor of said Agricultural Bank of Herkimer. and against said defendants. Said defendants are further notified that they are required to answer said petition on or before the 6th day of February next, or a judgment will be rendered against them by default. HILL & PRATT, Plff's. Attys, Dec. 0, 1857-31w6$3.80

10. January 14, 1858 The Perrysburg Journal Perrysburg, OH

Article from The Perrysburg Journal, January 14, 1858

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December 17, 1857.32w4$3.00 Wood County Common Pleas. Enoch B. Talcott. Receiver of the Agricultural Bank of Herkimer, Plaintin, VS. John Hollister, Fredcrick Hollister. Henry Stanton, and Harvey R. Wilcox, Defendants. AID defendantsare hereby notified that on the 31 day of December, 1857, said plaintiff filed against them in the Court of Common Pleas of Wood county, Ohio, his petition. the object and prayer of which is to recover judgment against said defendants for the sum of $7,217 87, with interest from January third, 1857, on a certain judgment rendered in the Supreme Court of the State of New York, for the county of Herkimer, on the third day of January, 1857, in favor of said Agricultural Bank of Herkimer, and against said defendants. Said defendants are further notified that they are required to answer said petition on OF before the 6th day of February next, or a judgment will be rendered against them by default. HILL & PRATT, Plffs. Attys. Dec. 0, 1857-31w6$3.80

11. February 24, 1858 Raftsman's Journal Clearfield, PA

Article from Raftsman's Journal, February 24, 1858

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

12. May 29, 1858 The New York Herald New York, NY

Article from The New York Herald, May 29, 1858

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The steamers have received all necessary repairs at Benicia, our works there having proved equal to every emergency, without additional outlay on them. The depet at the Islands in the Bay of Pasama has been permanently improved, and the investment of "real estate at Sea Fraeclsco" comprises a suitable wharf a: that port, purchased OD lavorable terms during the past year Toe expenditure for these objects is confirmed by experience as essential to the ECOLOIR cal working of the line Toe investment is storeships, &e, has been enlarged by indispensable pur chases of iron launches, &e with these exceptions, the permanent investments of the company have not been increased. The condition of the steamshies and vessels having been recently tested by thorough examinati in, and all other property in the Pacific having been carefuly inventoried BLO appraised, we have been ecabled, before accpting the valuation of property now presented. to consider, to some extent. market value in connection with other elements of value of these assets to the company. The coals and outlits and supplies are valued by inen. tory at actual cest. The amount specially invested for a reserve and insurance ford to $299 606 93, cost, and the present value more than $806 000. The policy of not insuring our steamers between Penama and San Fran. CIECO is approved by another year's experience. No &CCIcent of moment bas occurred since my last report, and no life or property bas been 1st in consequence of marine disaster. A contract for mail service between San Francisco and Puget Sound. via intermediate ports, was made With the United States for four years, beginning in Octo ber, 1867, at $122.500 per annum. This extends our line of operations, and employs additional tonnage, but offers no immediate profit. Out of the surplus in hand on the 1st of May a semiannual dividend of ten per cent was declared. The Herkimer Journal states that at the recent term of the Supreme Court held in that village, Juige Mallen decided that the receiver of the Agricultural Bank was obiged to pay interest on deposits in cases where the cashier agreed to pay interest, whether the agreement to pay interest was expressed in the certificate of deposit or not; and that where there was no agreement to pay interest, the receiver was to pay interest from the time of the demand of the deposits, either from the bank before its failure or from the receiver since. The debt of the city of Milwaukie for municipal purposes is $671,850. The city bas also issued its credit to various railroad companies. as follows:-

13. June 23, 1858 Weekly Council Bluffs Bugle Council Bluffs, IA

Article from Weekly Council Bluffs Bugle, June 23, 1858

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not more than pay the expense of putting the bank into operation and running it for a year. Hereceives from the Auditor upon these honde, $45,000, which sum he loans out at 6 per cent, per annum, and takes notes against good men with good endorsers, duo six months after date. Within sixty days from the day the bills are issued by the Auditor, State Stocks are redueed 50 per cent in value. The Auditor thereupon requires the Editor, to deposit another $50,000. This he cannot do all he was worth was invested in the first deposit, and he has lost by the depreciation, $25,000. His bank must go into liquidation. The is-sues are cried down-quoted by the Bank Note Reporters, at 50 per peat discount, and Merchants refuse them in payment for goods. The issues are in the hands of 10,000 persons, a great many of whom cannot wait for their money until the stocks are disposed of, and notes collec-ted they must have bread for their families, and in their distress are forced to give two prices in these shinplasters, 18-sued by the Editor of the Nonparisl, for every pound of flour or meat purchased for their families. Are they not swin-dled? Have they not been robbed by the issuing of bank promises to pay?-Have we not hundrede of persons in our vicinity who have been robbed in this way? Has our neighbor forgotten the Agricultural Bank of Herkimer, N Y. The Bank of Belleville, Ill., the Bank of Hartford Co. Conn., not to mention the lesser shaves upon other Illinois, New York and Connecticut Banks, the issues of all of which, were secured by State Stocks deposited with the Auditor of State? And will he contend that the citizens of Illinois, New York and Connecticut, did not suffer to a greater ex-tent than the citizens of lowa from these taine cats the Home institutions these institutions of their own" which are "regulators of the currency," and sure to drive out "will cat? currency? It will not avail our neighbor, when he pleads that these institutions came up again. The swindle was perpetrated, the bone and sinew the Farmers and Mechanics lost, and the speculating por-tion of the community the Bankere, gained. These are some of the bean-ties of this system of "self defence," which our neighbor contends for. These exhibitions are taken from proceedings which upon their face bear the impress of honesty. If such a picture truly rep-resents the honest transactions of Banks under the system which the Nonpariel urges our citizens to adopt, on the 28th inst., as a matter of self defence," how would the Farmere and Mechanics like to look upon a picture drawn from a dishonest transaction under the same system ?orien Look at a dishonest transaction under the same system. The editor of the Nonpareil is not worth a dime (we mean nothing person-al) but is the tool of a banker who pla-ces in his hands $50,000 of State Stocks, really worth but twenty cants on the dol-lar-they (the banker and editor) go to New York. The editor throws his bonds Into market. They are advertised for sale on a certain day. The editor enga-gasa banker in Wall street to run the bonds up to 98 cents on the dollar, and agrees to take them off his hands, for which service he gives the banker $250. The banker from whom he obtained the stocks is on hand to bid, so as to make the sale sure at a high figure. The stocks are sold at 98 cents on the dollar. The editor has his bills all struck, and everything ready to put his bank into operation. The stocks are to be receiv ed by the Auditor at ten per cent dis-count below their selling rates in N. Y. within thirty days next preceding their deposit. The certificate of sale is pro-duced, the bonds deposited, and $45,000 in bille issued to the editor, who loans them to the banker, who fúrnished the bonds, and he puts them into sirculation. The bonds are soon ascertained to be worth bus twenty cante on the dollar, and the individual who issued the bills not worth a dime. The Bank goes into liquidation. The bills are at 90 cents discount. The banker buys therm up and pays off his note, and cleare in the ope ration $40,500, and over all expenses, at least $30,000. The issues of the bank notce are all redeemed, the editor of the Nonpareil is released from mil responsi-bility; the people have lost $40,500, and the Banker and editor of the Nonpareil have olesred $30,000 all in a businens way clean swindle, which no law can rench, and which is regarded ne decided-ly sharp, by Sharpers and Shylocks, who live by furnishing the people a home currency, as self defánss, aganst "Wild Cat Institutions," but, say one arguing in favor of banks, the banker, under the law, is required to have in his vaults twenty-five per cent in spesie on his circulation and current deposits. That is true, the law requires it, but then, while the Tailor makes such copi ous Breeches ckets for the bankers, what force has the law when there is no penishment for failure to have that amount on hand? Without the aid of Brosches Pockets, the specie may all be withdrawn in a basinen way. The bankar who furhished the bonds may de posit $20,000 in gold in the bank. This amount smou to be in the vaults for