15156. Farmers Bank (Hudson, NY)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
October 3, 1857
Location
Hudson, New York (42.253, -73.791)

Metadata

Model
gpt-5-mini
Short Digest
343ed9db

Response Measures

Full suspension

Other: Local merchants agreed to take the bank's bills at par; notes secured by state bonds per reports.

Description

Contemporary reports (Oct 3–6, 1857) state heavy demands for specie at Hudson led to stoppage and both the Farmers' Bank and Hudson River Bank suspended specie payments. Articles describe depositors demanding specie (a run) and then suspension; no clear evidence in these clippings that the Farmers' Bank permanently closed or later reopened, so outcome is unsure.

Events (2)

1. October 3, 1857 Run
Cause
Rumor Or Misinformation
Cause Details
Depositors rushed to the vaults demanding specie; contemporaneous accounts describe a rapid demand for specie and panic among holders in Hudson that precipitated stoppage.
Measures
None specifically described beyond heavy payments and attempts to meet specie demands prior to suspension.
Newspaper Excerpt
the specie which vaults by the Bar had on Wednesday, until their elight run Farmers yesterday morning stop hastened pay
Source
newspapers
2. October 5, 1857 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Direct suspension of specie payments followed heavy withdrawals/demand for specie at the bank; articles note the banks 'suspended specie payments' after the run and that bills are 'fully secured'.
Newspaper Excerpt
On Friday evening, the Hudson River and Farmers' Bank, both of Hudson, suspended specie payments.
Source
newspapers

Newspaper Articles (8)

Article from New-York Daily Tribune, October 3, 1857

Click image to open full size in new tab

Article Text

Chicago, and one ortan others; also Powell, Ramedell & Co. of Newburgh, % highly respectable and wealthy house. The following Banks are thrown out to-day:-The Farmers' Bank and Hudson River Bank, at Hudson; Old Saratoga Bank, N. Y.; Thompson Bank, Conn. Phillipsburg Bank, N.J.; Base River Bank, Mass.; and Stark Bank, Vt. Many of the uncurrent moneydealere have been unwilling to purchase Eastern currency to-day, and buy State only to moderate extent at I to 2 per cent discount. The American Exchange and Metropolitan Banks, however, continue to-receive as usual at 1.10 for Eastern, and 1 per cent for State, from their dealers and correspondent Banks, and we are assured they will continue to receive as long as the New York Banks sustain specie payments. The new Board of Directors of the Michigan Southern Railroad organized to-day, and elected Mr. John B. Jervis President of the Road. The North River Fire Insurance Co. have declared a semi-annual dividend of 10 P cent, payable on and after the 10th inst. The Fulton Fire Insurance Co. have declared & dividend of $5 v share. The reported suspension of Mesers. H. Simons & Co., jewelers, published in The Independent and copied by us in yesterday's edition, proves to be without foundation. We annex a comparative statement of the imports of foreign Dry Goods at New-York for the week, and since January1: 1859. 1856. 1855. For the Week. $1,097,966 $1,298,291 $1,518,243 Entered at the Port 564,660 1,328,834 1,499,210 Thrown on market 1857. 1856. 1855. Since Jan. 1. $82,170,562 $78,811,878 $49,575,243 Entered at the Port 78,280,515 77,871,747 52,050,956 Thrown on market The figures of the week show an unusually small amount of goods thrown on the market. The details of the week are:


Article from The Daily Dispatch, October 5, 1857

Click image to open full size in new tab

Article Text

AFFAIRS IN NEW YORK. The Herald of Saturday has the following: Of all the gloomy days we have seen within the past six months this has been by all odds the worst. All the panics previously experienced are as nothing compared to that of to-day. The decline in stocks since yesterday has been greater than yet realized in the same length of time since the present revulsion commenced. At the first board to-day there was a most frightful stampede among holders of stocks, and the best on the list were slaughtered right and left. If there is a much lower depth for some stocks they will go completely out of sight. The losses realized must be immense, and the community at large must be suffering immensely from the enormous dept sciation in market value. At the first board to day Missouri 6's declined 2 per cent; Erie bonds, 1871, 3; New York Central 7's, 1; Merchants' Bank, 1; Park Bank, 6; America Exchange Bank, ½ Cumberland Coal, 1; Delaware and Hudson, 4; Pennsylvania Coal, 4; New York Central Railroad, 5: Erie, 11/2 New Haven and Hartford, 2; Reading, 2; Michigan Central Railroad, 7; Michigan Southern. 1; Illinois Central Railroad. 41/2; Cleveland and Pitisburg,1; Galenaand Chicago, 6; Cleveland and Toledo, 2; Chicago and Rock Island, 7; Milwankie and Mississippi, 1. Here we have a fall ranging from one half to seven per cent. At the close yesterday no one anticipated such a serious and sudden decline, and no one knows but that a similar move may be realized to-morrow. The sellers are those who, from actual necessity, are compelled to realize at any price. The Express of the same date, in its financial summary, says: Railroad acceptances sell at fabulous prices-reported at ½ per cent. per day, upon 90 day paper. We regret to learn that the old and highly re spectable firm of P. Chouteau, Jr., & Co. had been forced to suspend payment to-day. This is an old f house from St. Louis, and the name of "Chouteau" there is like "Astor" here. Mr. Chauteau is the only surviving partner in this city. Whether his various housesin St. Louis will also suspend is not at present known. We are requested to say that Mr. Choutean's iron house in this city, known and conducted under the style of P. Chouteau, Jr., Sanford & Co., at No. 9 Nassau street, will not suspend. but meet promptly all its engagements. The business and assets of this latter firm have always been kept entirely distinct from those of t Mr. Chouteau's other houses. d Messrs. Hutchison, Tiffany & Co. have also been obligned to suspend. Powell, Ramadell & Co., of Newburg, have suspended. Whether this will effect the Powell Bank of Newburgh is not stated. Swift, Ransom & Co., Brokers, and Agents of a Chicago Banking-house, have also ftopped. Several smaller failures are also announced. The day closes duller than any of its predecessors. Tne report of the suspension of Mesers. H. Simmons & Co., Jewelers, published in the Indepen8 dent's list. and copied by us, is, we are informed, n entirely without truth. 0 The Banks continue to make at the clearing house an exhibit, which warrants the fullest confidence in their stability in any emergency. The clearings to-day are $14,987,272 63, and the balance $977,656 66, n The notes of the Hudson River Bank at Hudson, and the Farmers' Bank of Hudson, heretofore ref deemed at Banks in this city, are refused to-day. The Old Saratoga Bank, of this State: the Stark Bank, of Vermont, and the Bass River Bank, of Massachusetts, notes are thrown out this morning, in addition to those previously mentioned.


Article from New-York Daily Tribune, October 5, 1857

Click image to open full size in new tab

Article Text

Financial matters looked a little brighter on Saturday than they have done of late. Fewer failures than usual were announced, heavy payments were made with unexpected promptness, and the leading stocks sold at an advance from the depression of Friday. The drafts on the Sub-Treasury failed to arrive from Washington, but will come to hand to-day, and, with the treasure by the Star of the West, will supply the specie of which everybody continues to stand in need. On the other hand, the feeling of merchants is still gloomy, and their confidence in each other faint. The best paper is taken with reluctance. The well known house of Dodge, Clark & Co. has suspended in consequence of heavy advances to their Boston house, J. W. Clark & Co., which had previously suspended. The firms of Bowen. Ely & McCornell and of Gage, Sloan & Slater have also suspended. The Powell Bank of Newburgh, the Windham County Bank of Connecticut and the Bank of Ashland, Kentucky, were thrown out on Saturday. The Hudson River and the Farmers' Bank, the two banks of Hudson, have both suspended. Their bills are fully secured, and the business men of the place have generally agreed to take them at par. The cashier of the Exchange Bank of Lockport, which was reported to have suspended, says that it is solvent and in regular operation. The City Banks, though hard pressed, have no thought of suspending; and Chicago has resolved with Boston to stand by us. The Bank Commissioners of Connecticut are said to be vigilant and faithful The Auditor of Virginia says that notes of all the State Banks will be taken in payment for revenue. The fact that the Reading Railroad's notes have gone to protest will not tend to strengthen confidence in railroad securities. The Long Dock Company and the-Cumberland Coal Company followed suit on Saturday. The Erie paid everything due, and five sixths of the subscription to her $600,000 loan is already made up. In Besten, there was a little change for the better. In Philadelphia, the depression amounts almost to a paralysis. We hear of workmen being thrown out of employment all over the country.


Article from New-York Daily Tribune, October 5, 1857

Click image to open full size in new tab

Article Text

are which secures al liability 3, Chartered chanee Banks, M and State Mechan Treates Bank Newark Holly Meets Banks M Back Orange Bank, A City Ferth Co Gloucest Bank Erizana Co. Rank, Bank, Bank, and Medford the State, Rabway Hackettator not State Co Bank, other banks in Backing Company and In-ur- Sus4. The are Brutewick: the Trenton Newark old harter and Salem Bank, above Company New operating Bank vet Camden, we believe, though are ance Bank, Company. Newton; personal State None of lis these, bility datialtely, revision. of 84 all the the Bar king 11 der the We CADDOT RDEEK be, also, some operatir may be. from memory, an There may The seer, great are hate are made being impractica in the third list. be for charters wrong classification banks fication of this State, there is DO reason for insome rity of the and of the others Banking Company , well secured the Newark as secure as charter any provides some stance, aspicion possibly being can liability, be exteemed made. but Its does renewed not take effect for have banks months for The Washington of Columbia D Star says: understanding seeing pursue in as the to The District come to a common for them to known that ex. a not as is yet the best effair policy It is, however, and Trustees ime are they present what state their of Presidente In the their meantime own bills to amount District insjority anxious of 80 nor to do. discount It in said the part there in Metropolis, neither tremely pay of specie dollar, we deposits hear. for the most and 400 anch 000 Under is the are $600,000, of the of Bank of of Washington seen how and why in more money to meet in those of it difficult will to be their with the vaults the Bank be readily otained by persons than which of the deb dollar & ever business before. house that every of Selden, been Withers paid that up We hear the late banking State of Virginia, interest has and house 0 also owed in the Co., due by to the in full, four with hundred due the pay of of is which delayed however, the settlement concerning by $150,000 the trustees of the hands three of or the State, by some the of disas their affair 8 and charge partners among brokers themselves. at Washingtovirginia specie on money. sneeking says that of centum The discount for (Va.) of Monticello, have been now lest The mension of the arter Bank not $100 existing liability is due contidently the date of its and that every perfactly safe. for At specie Richmond, e at cent. notes it is at said, has, since by its the rations, believe can to be be obtained current susBank Leesburg of First Auditor The following the to the of State Virginia County pended The Branch specie payments. Jetter is from Sheriff the of Spottsylvania 29. 1857. Sept. this mornmaking the here where Virginia T. B. FRENCH, the bank Farmers Bank make a they another in here some the shape and money M. BENNETT. of Star says: by yesterday surprise and River Hudson A The Our Hudson taken that respended both the specie which vaults by the Bar had on Wednesday, until their elight run Farmers yesterday morning stop hastened pay; Thursday and ted, and they the crisis was of great the banks de were exhar On The Thursday in both $600 and upwarded conment. of the the amount of was principali be expectby manding one specie to The panic who could not Some who bills and a class deposit, of billholders in the premises. turned up gold. with fired to use any judgment 88 almost paupers they demanded considera ed to been of carded bills for which along the run very 88 the specie have huge rolls citizens helped as long followed. Our Irish They were course, stoppage made among writ- our held bly. out, when, of was men, ediately which resulted versally signed, Bank to in trade at " A movement and business generally if not River univer and Farmers' transactions, as the retofore. to " will 1085 result No hardly ten bills ment, on ALD the all Hudson ordinary business we need billholders, will both these Doubtless, suspensions. repeat, resume by business. of the Banks: Hudson old and in established The Farmers institution, having FOOD The Aliany Bank says of Hudson been is as the of last statement published irculation and mortand stocks, 1839. According Department, to the by it bad 900 in of and bonds United Its States capwas gages, which Banking $92, was 716 #18, secured of 000 New of stocks York of State other organized States. in to 1855, the a according with Statement, ital is $300,000. River 000. Bank It has, to the by the of secured United ame amount The capital Hudson of bills $200 in circulation fully and States entirely stocks. the all are rt inBank ge' $35,000, Bank which were of State Banks and there are in of Lockpo adao. that The forms published Albany of list in its institution solvent These The two Cashier of the Jour Excharge which ded, that had it is in regular condition. in Fall In suspensions the poor begins River, suffering Star The of that says: city. operation consequence and in of the to factory be felt among the fathers bread guffering to We do. nothing to tears classes Whole families eager to are work, that but would bring people must to or bread willing and tales of distress indifferent not These a community have be eyes heard of the starce, most and this is allow have the latter." & had of the meeting Banks Chicago Presidents to The not reputed suspend. unfounded. their Heweon Messre. Sept. 30, say forgeries on The the 1st, of and Jno. Frazer & Holmes & Co. of are Cincinnati, in become frightfully numerous, the dis and the Circular of failures have the also highest In the response state the of alarm of the is matters entirely of farmers, from whom meanrapidly serious embracing by this hands of the become coming more settle to the con- disfrom more specie payments general Payment it This, out and not and while early suspe New York had city. better occur after to their ester is relief. coin in strong. fruitless efforts York 54 cent preWith West while New behalfton in the bank note reantile in remittance expect to retire will large be shape specie do must this these banks paying To which they Western their for the instateof their their rapidly the they rely business. Such their and on which of their bankruptcies that have herto from receive credit and cause disasters and


Article from The Washington Union, October 6, 1857

Click image to open full size in new tab

Article Text

sumptions. THE FINANCIAL CRISIS. The business men of New York city passed throug the dreaded ordeal of Saturday last steadily and su cessfully. Two or three large failures occurre which produced a sympathizing crash in Boston an one or two other places but the results of the da are generally regarded as favorable to an early re toration to credit and confidence. From the mone article in the New York Evening Post of Saturday issue we make the following extracts : The feeling of the stock exchange is not one of tot depression. It received a severe shock in the annound ment of the failure of Clark, Dodge, & Co., a house th has been supposed to stand above casualty. This fir has branches in Boston, St. Louis, Phila delphia, New o leans and other cities. Its operations have therefo been very much dependent on the facilities of exchang the entire blockade of which is doubtless the sole cause their suspension. They have a surplus of over two m lions of dollars. The failure of Hutchinson, Tiffany, & Co. of Powe Ramsdell, & Co., of Newburgh of the Powell Bank, t Hudson River, and Farmers' Bank of Hudson, has be announced yesterday and to-day. Other banks of t smaller and more extended class are reported. A cle list cannot be made up until the smoke clears away. \ shall then probably find that there has been no little aggeration of calamities, and that the terrors of the ma ket have been greater than its real losses. Up to noon to-day the payment of bills discount has gone on, and progresses with usual regularity a quietness. The general tone of conversation in the pri cipal banks is quite confident. Indeed, there is an a parent subsidence of the apprehension that has been gro ing for some days past that the payments of to-day wou be attended with great difficulty. The more modera dealers exhibit unexpected readiness and strength. Thequotations of to-day are not explainable by any COI mercial rule. Some of the best stocks in the country f like lead in a vacuum, and some of the fancies are on t rise. Virginia 6's and New York Central 7-per-cent. bon gain each 2 per cent.; Illinois Central bonds one, and t stock five, above the lowest prices of yesterday. 2, p. m.-We can only confirm the above, as it relat to the payments at our different banks. The strain of t market is severe, and probably reaches its height to-da It seems to be general impression that the credit our merchants will emerge brightly from the trial. apprehension of important failures is entertained, and t day promises to close with an approved feeling. A meeting of the merchants of Boston was held that city on Friday last. It would appear from tl proceedings that the mercantile and banking cred of Boston is to be maintained at all hazards, ai without reference to pecuniary sacrifices. A Bost correspondent of the Journal of Commerce furnish the following brief but interesting account of tl meeting A great meeting of Boston merchants was assembl this day at 11, a. m., in the Merchants' Exchange, ai continued for one hour and a half. The object of t meeting was to take counsel together as to what is be to be done in the present condition of monetary affair The vast Exchange was filled to overflowing, and mas could not gain admission to it at all. The interest ai excitement was as great as I ever knew at any politic meeting in the highest political times, and yet reas prevailed in all the decisions of the hour. Hon. Thomas Stephenson was made president of the asser blage. He was assisted by several vice-presidents, a there were three secretaries. The meeting was called a committee of influential merchants that had been a pointed in a preliminary meeting yesterday. The speakers were the president, Hon. Caleb Stetso of Braintree, a director in the Shoe and Leather Dealer Bank; Hon. Wm. Sturgis, a venerable and recentlytired merchant; Hon. George B. Upton, James Lawren esq., Mr. Pierce, of the firm of Pierce & Bacon; Ho Amasa Walker, of North Brookfield; and Mr. Ebenez Wheelwright. All the speakers agreed substantially their remarks, and took sober, common-sense views, wi the exception of the two last, who are radical men up other subjects, as well as in their advice to the Bost banks to suspend specie payments. But their unsour theories had no influence with the strong-minded me chants whom they addressed. On the contrary, t meeting almost unanimously favored the sentiments the other speakers, who maintained that the banks oug not to suspend specie payments, and that they shou discount to their solvent customers to the utmost of the ability. They urged, also, that merchants should star by one another, and that they should aid each oth in every possible way; that the banks should stand the merchants; and that the merchants should protect t. banks. Perhaps the speeches that were most weighty and infl ential with the meeting were those of Messrs. Stetson Sturgis. They abounded in noble and encouraging sen ments. Mr. Stetson urged the merchants of Boston, well as the banks, to maintain the honor of our credit, New York was sustaining her honor. He said he wou sacrifice one-half of his property, and give the rest to t poor, rather than have the banks fail to redeem th promises, and rather than have Boston lose her well-ear ed honor. The following appears in the Raleigh (North Car lina) Standard of last Saturday's issue We learn that Mr. Mordecai, the president of t State bank, left this place on Wednesday evening last Richmond, Va., where he expected to be joined by I Wright, president of the Bank of Cape Fear, for the p1 pose of conferring with the heads of the Richmond ban on the present condition of monetary affairs. The late intelligence is that the Richmond and Petersburg ban are standing firm, and the probability is they will n suspend. Our banks will no doubt be governed to a lar extent by the course adopted by the Virginia banks. In connexion with the above, we would direct t attention of our North Carolinia and Virginia friend and indeed all our southern friends, to the followi letter from Hon. Cave Johnson, president of t Bank of Tennessee, to a committee of merchants Nashville, advising a suspension of specie paymen by the Bank BANK OF TENNESSEE, Sept. 29, 1857. GENTLEMEN The officers of the Bank of Tennessee ceived a copy of the resolutions adoped by the merchar and citizens on yesterday, at the Protection and Insuran office, urging a temporary suspension of specie paymer by the three old banks of Nashville, and "timely aid their customers and debtors," and thought it their duty submit them to a called meeting of the board of director which was holden this morning in the Bank. The board were unanimously of opinion that there e isted no necessity or propriety in the adoption of t policy indicated in your resolutions by this bank.


Article from New-York Daily Tribune, October 6, 1857

Click image to open full size in new tab

Article Text

effected sitzagement for the redemption of them at cent. The notes are received OR deposit at the American Exchange and Metropolitan Banks at t + cent. It is stated that the Stamford Bank has & surpies of $30,000, and that the Directors are determined to stake every dollar they are worth before it shall suppend specie payment. Thereport, originating with The NewsJersey Sentinel. that the State Bank at New-Brunswick, N. J., had suspended is untrue. This is one of the oldest banks in the State, has already redeemed its bille in this city, and, we are assured, is as sound as any bank in the county. There is no relief in the money market, and merchants are making fearful sacrifices to sustain themselves. In call loans there is but little doing, and the few time Legotiations made are at very high rates. In the discount houses paper goes a sbade more freely than last week, but rates show no amelioration. For first-class indorsed paper the quotations are 21@34 cent per month. The restricted discounts of the Banks forces large amounts of paper into the street, while capitalists are unwilling buyers. From St. Louis, we hear of the suspension of Mesers. Chareau, Harrison and Valle, and Messrs. E. W. Clark & Brothers, both following the suspension of & sociate houses here, before announced. The mercantile failures announced here to-day are some six or eight, but none being of prominent houses, we refrain from printing the names. It is & constant cause of congratulation and wonder in the street that 30 few failures occur, and the fact is looked upon 88 an evidence of the general soundness of our merchants. The Powell Bank of Newburgh issued the following notice on Saturday: The Powell Bank will discontinue business from this date. Its affairs will be wound up with as little as Bill have that not delay no apprehension possible. holders they will and depositors be paid in need full. The capital of the Bank, $175,000, is unimpaired, beside which there is a surplus of about $120 000. HOMER RAMSDELL President." a October 3, 1857. Upon this, The Newburgh News of Saturday remarks: It is proper to say that the securities cover all demands by depositors, three dollars to one, and the bills are amply secured by State stocks and other sound securities deposited at the Bank Department at Albany. People holding the bills should not sacrifice & dollar upon them, as they are amply secured, and our traders are taking them freely in trade. The Highland Bank and the Bank of Newburgh, &8 usual, are taking the bills on deposit." The circulation of the Powell Bank, according to the aunual report of the Superintendent of the Banking Department, was $214,220, protected as follows: $103,348 Bonds and Mortgages 23 000 New-York Fives. 75.092 New-York Sixes 15,000 Michigan Sixes $216,440 Total On Friday evening, the Hudson River and Farmers' Bank, both of Hudson, suspended specie payments. The first named was organized in 1855, with a capital of $200,000, and has & circulation of $35,000, wholly secured by New-York State Sixes. The latter dates back to 1839, and has & capital of $300,000. Its circulation is $156,416 secured as follows: $31,908 Bonds and Mortgages 64,00 New-York State Fives 28,716 New-York State Sizes 20,006 Michigan Sixes 28,000 Arkansas Sixes $172.616


Article from New-York Daily Tribune, October 6, 1857

Click image to open full size in new tab

Article Text

On Friday evening, the Hudson River and Farmers' Bank, both of Hudson, suspended specie payments. The first named was organized in 1855, with a capital of $200,000, and has & circulation of $35,000, wholly secured by New-York State Sixes. The latter dates back to 1839, and has & capital of $300,000. Its circulation is $156,416 secured as follows:


Article from Weekly National Intelligencer, October 10, 1857

Click image to open full size in new tab

Article Text

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.