15301. Artisans Bank (New York, NY)

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: state
Start Date: October 13, 1857
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 313913a4

Response Measures

Full suspension

Description

Artisans' Bank (listed as Artisans' / Artisan's Bank in articles) was one of many New York city banks that experienced heavy withdrawals during the Panic of October 1857, suspended specie payments on/around Oct 13, 1857, and by Oct 15 was described as restored to the Clearing-House and doing business (non-specie). Cause is the broader 1857 financial panic (macro news/systemic). OCR spelling variants corrected (Artisan's -> Artisans').

Events (3)

1. October 13, 1857 Run

Cause: Macro News
Cause Details: Widespread financial panic of October 1857; runs and heavy withdrawals across many New York banks amid crisis and rumors of failures
Measures: Heavy withdrawals; banks began paying in bills of other banks, certifying checks; meeting of bank officers at Clearing-House to consider suspension
Newspaper Excerpt: the run was commenced on the banks... the steps of all the banks were also blocked up by persons forcing their way into the banks
Source: newspapers

2. October 13, 1857 Suspension

Cause: Macro News
Cause Details: As part of the general suspension of specie payments by numerous New York city banks amid the Panic of 1857, Artisans' Bank suspended specie payments on/around Oct 13, 1857 to protect reserves and align with other banks' actions (Clearing-House coordination).
Newspaper Excerpt: The Artisans', ... suspended
Source: newspapers

3. October 15, 1857 Reopening

Newspaper Excerpt: The Artisans' Bank is doing a very quiet business. It is restored to the Clearing-House, and stands now on a par with its fellow-suspenders.
Source: newspapers

Newspaper Articles (10)

1. October 14, 1857 The New York Herald New York, NY

Article from The New York Herald, October 14, 1857

Click image to open full size in new tab

Article Text

THE WARE caterualy w T 187 Greenwich street 1-North River Back Cor. Fakton and Greenwich 2-Ocean Bank Car. Greenwich & Warren. 8.-Irving " 166 Greenwich street. M-Merchants' Exchange " if 187 6.-New York Exchange a-Otisens Bank 68 Bowery. 90 Wall street. T.Marine " 8-Market Oar. Pearl & Beek man eta. One. Chatham and Duane. a.-Chatham " 177 Chatham street. 10.-Tradesman's Bank " 7 Wall 11.-84 N I shoins " 12-Butchers' & Drovers' Cor. Bowery and Grand at. 395 Canal street. 18.-People's Back Third avenue 14.-Bull's Head BADK " 16.-New York Eights avenue and 14th at 16-Leather Manufacturers' 45 William street. " 19-Artisans' Bank 117 Nassan 18.-Broadway " Cor. Broadway & Park place. The banks in Greenwich street closed their doors early, and the news spread like wildfire up town, and EOOB thought down a stream of small depositors and bill hold. ers, wao eagerly crowded upon the staps, where they were met by the bank porters and policemen, who in. formed them that the banks we e closed, and could not transact any business. The anxiety increased as hour at. ter hear brought fresh batches, paie with excitement and starm, to the scene throughout the entire day they onesinced to throng around the deors of the banks, altogether presenting a ploto e of a paste stricken multitude rarely seen even in a greas financial crieis. The backs on the Bowery and Chatham street-the Citisens' and Chetham-did not exalet the same scenes of excitement as those on Greenwich street and Wall street. But round the Enterbers' and Drovers' the confusion was considerable for some same The American Exchange and the Beak of the Republic, for some reason or other drew around them van concourae of people, so much so that la the Ameri can Exchange a large police force was in requisition to keep the bank clear in order that business could be trare. acted. The attempts to allay the pacie, and the seminances of the safety of the city banks which had previously, dayage the FGB on the Park and other banks, been success 01, utterly failed to have effect yesterday, in the face of the fact that depositions found the back doors closed against them, and that every moment throughout the day was freighted with intelligence of another, and now another, bank gone. Each report, of courie, served at first to heap fuel on the fire, and increase the excitement, but as the extent of the failures came to be realized, alarm seemed to actile down into silent despondency; and at the 0 one of basiness hours the crowds round the emailer banks gradually diepersed, heavy with the presage that the morrow was des. Meed to bring increased disester. Probably the reason why the bank suspensions of yearerday created so marh external evidence or alarm may be traced to the fact that the pressure fell upon so many small depositors: jest that class whose fears are net easily wrought upon, and whose interests will suffer most seriously The condition of the eighteen banks which sussended yesterday, as exhibited on Saturday last, was as follows CONDITION OF THE SURPENDED BANKS Naminal Name

2. October 14, 1857 The Washington Union Washington, DC

Article from The Washington Union, October 14, 1857

Click image to open full size in new tab

Article Text

BY TELEGRAPH Pennsylvania Election. PHILADELPHIA, Oct. 13.-The election passed off quietly in this city, and no disturbances have been reported. The few scattering returns from the interior show nothing definite. In Williamsport, Lycoming county, Packer, democrat, receives a vote of 469 Wilmot, republican, 278 Hazlehurst 139. Columbia, in Lancaster county, gives Packer 319 Hazlehurst 211 and Wilmot 95. Phenixville, in Chest er county, gives Packer 295; Wilmot 237 Hazlehurst.12. PITTSBUPO-101, p. m.-The returns from three precincts in this city and two in Alleghany city show a falling off in the republican majority of more than half. It is believed that the majority in the entire county will be reduced still more. The borough of York gives 99 democratic majority over all. PHILADELPHIA-Lancaster city complete. Packer's majority is 730. A large democratic gain. Northumberland-Packer's majority in this borough is 310. In York borough Packer's majority is 419. Harrisburg gives Packer 419-a democratic gain of 370. Dauphin county gives Packer 79 majority. Danville, Packer's majority 92. Temaqua, Schuylkill county, Packer 215 majority. Mount Joy, in Lancaster county, gives Wilmot a majority of 119. Honesdale, Wayne county, gives Wilmot 183. Scranton, Luzerne county, gives Packer a majority of 107. York county is reported to give Packer 2,000 majority. A private despatch to Mr. Packer from Williamsport says that in that town he has received the usual democratic majority. In Philadelphia there is no question of his election. Lycoming county gives Packer 1,000 majority. Easton borough 520 majority. In Pottstown township Packer is 200 ahead. In Catawisse, Columbia county, Wilmot has a majority In Montour county Packer's majority is 450. In Northampton county Packer's majority is 3,000. The town of West Chester, in Chester county, gives Wilmot 198 majority. Luzerne county Packer 1,500 majority. Berks county, 6,000 majority, and in Reading alone Packer has 1,000 majority. PHILADELPHIA.-The democrats are parading the streets, confident of victory have elected the city legislative ticket. County legislative ticket elected of course. The entire ticket in the whole State has been elected by the democrats. The county officers have been elected by the largest majority ever known. Dauphin county has probably given a small democratic majority. Carlisle, Cumberland county, 193 majority for Packer. Pennylvania Legislature. HARRISBURG, Oct. 12.-The senate are awaiting the action of the house on the relief bill. The house spent the whole of the morning in considering propositions for extending the time of the resumption without effecting anything. This afternoon an entire new section was offered in place of the first section of the present bill. It suspends the penalties incurred until January, 1859, and permits dividends of 6 per cent. during the suspension. This was negatived. Various propositions were submitted and rejected for changing the period for the resumption of specie payments; and the question recurring on the final passage of the bill, it was negatived-yeas 34, nays 56. The senate this evening rejected a motion to take up the bill providing for a suspension till the first Tuesday of July next, and then adjourned. All now depends on the house. It is generally thought they will reconsider. [SECOND DESPATCH.] HARRISBURG, Oct. 13.-The house reconsidered its yesterday's vote on the relief bill-55 to 32. The motion to extend the time of suspension to the third Monday in July was passed-yeas 46, nays 42. The question on the final adoption of the bill stoodyeas 56, nays 36. The house then adjourned until afternoon to await the action of the senate. The latter body has referred the bill to the committee of conference, and will meet again at 3 p. m. HARRISBURG, Oct. 13.-The bill as it passed the house fixes the resumption of specie payments by the banks on the second Monday in April next. The committee of conference reported two new sections, and the bill as amended passed both houses. Harrisburg-10}, p. m.-The relief bill has been signed by the governor, and the legislature adjourned sine die. The Financial Crivis. NEW YORK, Oct. 13.-Tne Marine, Pacific, Irving, Merchants' Exchange, North River, New York Exchange, Citizens', and Ocean banks have suspended-cight in all. E. Fish & Co., and Brown & Cary, merchants, have suspended. Also, the Chatham and Bull's Head Banks have suspended. LATER. It appears that the Marine Bank was stopped by an injunction by one of its customers, and it is presumed that the others were stopped by the same cause. By this means the penalty of winding up, which attaches to a suspension, is evaded, and it is probable that most of the above cases are only temporary. This understanding has relieved to a considerable extent the excitement. ETILL LATER. The following additional banks have suspended The Artisans', Butchers', and Drovers', and the Bank of New York. Wall street was crowded this afternoon, and the other business streets are comparatively desert ed. It is feared that a general suspension is inevitable, notwithstanding several of the old banks announce their ability and determination to go through. NEW YORK, Oct. 13.-To-day has been very exciting in financial affairs. Up to g o'clock fifteen city banks had suspended, the Bank of New York, Citizen's St. Nicholas, Chatham, Ocean, Market, Butchers' and Drovers', Merchants' Exchange, North River, and Marine Banks. Wall street at 2 'clock was crowded with an anxious mass of people. The steps of all the banks were also blocked up by persons forcing their way into the banks. At the American Exchange Bank David Leavitt addressed the crowd, assuring them that the bank would pay all to the last dollar. He also announced that an arrangement had been made with several of the strongest banks to go through without suspension. It is believed, however, that the suspension will be general. It is understood that some of our heaviest houses have withdrawn their gold from the banks, and replaced it as a special deposite. There were rumors during the morning affecting nearly all the banks in the city; but the above list gives all that had certainly suspended up to 3 o'clock. The sales of R. R. stocks at the first board were small, at a general decline. In State stocks a large business was done, also at a decline, excepting Virginias and Missourias. The bank stocks all sold at a decline.

3. October 14, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, October 14, 1857

Click image to open full size in new tab

Article Text

Total Suspension To-Day. PARTICULARS OF THE PANIC. Yesterday was the climax in this city in the present financial panic. Such intense excitement was never witnessed in Wall street in any monetary crisis which has heretofore been visited upon the country. The suspension of the Bowery Bank on Friday, the East River on Saturday, and the GroCers' on Monday, fanned the sparks of distrust the manic-mengers had scattered among the people into a flame, which soon spread over the entire city, and the fears which until recently only pervaded the minds of small depositors and bill-holders be. came rife with even those who had asserted their confidence in the soundness of the banks of this city. At 10 o'clock yesterday the fronts of the different institutions indicated by the number around them that the ability of the vaults to yield up their treasure at the call of depositors and bill-holders was to undergo no ordinary test. Check after check was presented and paid, and still they cåme; and soon word went forth that a run was commenced on the banks, and it passed from one house to another until the whole lower part of the city was alive with excitement. Bank books were examaned; but a moment was required to prepare a check a signature was hurriedly dashed off at its foot, and in another moment it was on its way to the bank. The crowd increased in numbers; and, though not clamorous, yet the presence of so many indicated the extent of the pressure upon the institution. Each person took his place in the line and awaited his turo, while policemen kept those out who were present only from motives of curiosity. One after another was paid, and with the shining treasure departed. Scores of hands, skilled by long experience in counting coin, were taxed to their utmost in their efforts to keep pace with the demands for gold. Outside was a scene of the wildest excitement. Tens of thousands were at the same moment in the street-some rushing onward in the hope to secure their deposits before the hour of closing should arrive, and others clustered together, surmising and discussing the probabilities of the Banks being able to stand up under the pressure. Later rumors came of suspensions of Banks on Greenwich street, and here, there, everywhere, were inquiries made to know if they were true. Bulletin boards were scanned for comfirmations of the reports, which, when they received them, only hightened the excitement. One after another of the announcements of banks failing under the continued drain made upon them fell upon the ears of the people, and confident predictions were made that 10 o'clock of Wednesday would tell the story of the suspension of all. But not & few there were whose belief in the ability of the moneyed inetitutions of this city was still unshaken, and they asserted with earnestness that every demand in checks and bills would be met to the last by the more solid banks, and Panic be laughed to acorn. About 11} o'clock hopes were hightened for a time by the appearance of an unauthorized circular, in which a consolidation of the banks was indicated as the course that was to be pursued in the present exigency; but the suspensions soon dissipated the delugive hopes, and Panic was again king in Wall street. At three o'clock eighteen suspensions of City Banks had been announced, and later intelligence was reDeived of the suspension of the Jersey City Banks. By half-past three all of the Banks had closed their doors for the day, and by four the street had resumed its usual appearance at that hour. The following are the Banks which suspended yesterday: BROADWAY BANK. OCEAN BANK. IRVING BANK. LEATHER MANUFACTURERS' BANK. NORTH RIVER Bank. MERCHANTS' EXCHANGE BANK. MARINE BANK. NEW-YORK EXCHANGE BANK, Sr. NICHOLAS Bank. BUTCHERS' & DROVERS' BANK, TRADESMEN'S BANK. ARTISANS' BANK. CITIZENS' BANK. BULL'S HEAD Bank. CHATHAM Bank. PEOPLE'S BANK. MARRET Bank. BANK OF NEW YORK. HUDSON COUNTY BANK, Jersey City. LATER-A GENERAL SUSPENSION. A meeting of bank officers was called at the Clearing-House at 31 o'clock, to consult upon the crisis, and to consider the propriety of & suspension of specie payments by the banks which had withstood the run during the day. The meeting was adjourned to 6 o'clock, to give the non-suspended banks an oppor-

4. October 14, 1857 The New York Herald New York, NY

Click image to open full size in new tab

Article Text

At the second board there was quite a buoyant time in the stock market. The small amount of business transacted was pretty generally at better prices. Missouri State G's advanced x per cent; Reading Railroad, 4; Passma Railroad, 5; Chicago and Rock Island, 3; New York Central Railsond, 2. Theimprovement in some of the railroad stocks this afternoon warsomething strange, in the face of the complete annihilation of public confidence. It will be seen that the improvement was confined to three or four of the most speculative railroad stocks, and that all the sales under the advance were for cash. The excitement in Wall street to day exceeded anything ever before seen in that excitable locality. From one end to the other the sidewalk and the street were covered with a dense mass of people, engaged in drawing gola from the different banks, or as mere lookers-on. The banks ware crowded with bill holders and depositors, and the culward current of gold was strong and rapid. The impression in the early part of the movement was, that the Well street banks would go safely through and meet every demand against them, but the army of clai mants increased as the hours run on, and bank after bank went down until some of the oldest, and what were believed to be, up to the last moment, the strongest institutions in the street, had closed their doors and announced a state of suspension. The muspensions to day were as follows:-Irving Bank, Bank of New York, Citizens' Bank, Merchants' Exchange Bk., Marine Bank, North River Bank, N. Y. Exchange Bank, Bt. Niobolas Bank, Butchers' and Drovers' Bk., Ocean Bank, Chasham Bank, Buil's Head Bank, Tradesmen's Bank, People's Bank, Broadway Bank, Artisana' Bank, Leasher Manufacturers' Bk. Market Bank, At the slose this afternoon the following banks had not suspended, and many of them announced their ability to go through a good many days equal to this:American Exchange Bank, Manhattan Bank, Bank of Commerce, Merchants' Bank, Oriental Bank, Mechanics' Bank, Atlantic Bank, Union Bank, Importers' and Traders' Bk. Bank of America, Mercantile Bank, Phoenix Bank, Pacific Bank, City Bank, Fulton Back, Bank of Republic, Bank of North America, Continental tank, Hanover Bank, Commonwealth Bank, Nassau Bank, Metropolitan Bank, shoe and Leather Bank, Chemical Bank, National Bank, Corn Exchange Bank, Mechanics' and Traders' Bk. Dry Dook Bank, Greenwich Bank, New York County Bank, Park Bank. Seventh Ward Bank, Bank of State of New York, According to this eighteen banks suspended to-day and thirty-three closed in full and active operation. It will be osen that with one exception all the old Wall street banks yet stand, and we have no doubt most of them can " through If It shall be deemed the best policy to prepare for the dght. It was clearly evident to-day that a new ele. ment of discord and distrust was at work. The run upon the banks to-day was evidently from a more powerful party than has heretofore appeared in the field. The demand to day was principally from depositors. Very few checks were paid in gold over the counter, but the bills were taken by the drawer of the check, and then in a new movement demanded the gold. The banks in paying checks paid out the bills of different city insiltutions, and these bills, as soon M assorted, were presented at the dif. farent banks for gold. It is a very extraordisary fact the the aggregate amount of specie drawn from al the suspended banks to-day was not equal to onequarter the amount in their vaults. The run upon the banks to-day was evidenly by the mercantile classes, a portion of which have become exasperated by the conManal contraction of loans and discounts. A# soon as 11 became apparent that such a movement had been fairly nangurated the banks most apprehensive suspended to protect their discounts. In sautting down upon their depoadtors they retain more or less security for their loans, for . many cases parties owing the banks en promissory notes not due were drawing their deposits down to the last dolar. So far as this goes the banks acted in self defence. The belief has been long entertained by many active busiases men that a suspension of specie payments would reLieve the pressure, and that the banks would in some way avoid the penalties of a suspension. This pollor has been powerfully advocated and appeared quite plausible. The determination of the banks to resist a suspension and Its penalties has created a better feeling among that portion of the community apprehansive of failure on their individual account, and the drat active operation of this faction was visible (a-day. It WM from the first indication of such a feeling

5. October 15, 1857 The Weekly Portage Sentinel Ravenna, OH

Article from The Weekly Portage Sentinel, October 15, 1857

Click image to open full size in new tab

Article Text

Financial Matters in New York. NEW YORK, Oc. 13.-The following banks of this city, suspended this morning: The Marine, Pacific, Irving, Merchants' Exchange, North River, New York Exchange, Citizens' and Ccean banks, in all, numbering eight banks. The Chatham, Bull's Head, Market and St. Nicholas Banks have also suspended. (SECOND DISPATCH. NEW YORK, Oct. 13.-The bank suspensions have attracted a dense crowd into Wall street this afternoon, while other business streets were comparatively desert. ed. In addition to those announced up to two o'clock, the Tradesmen's Bank, Artisan's Bank, Butchers and Drover's Bank, and the Bank of New York have since sus. pended. It is feared that a general suspension is now inevitable, though several of the old banks announce their ability and determination to continue specie payments. It is reported that the Marine Bank is stopped by an injunction obtained by one of its cus. tomers, and it is presumed that the same course has been pursued with regard to oth. er banks. By this means the penalty of winding up which attaches to the act of suspension is evaded, and it is generally thought that the suspension will, in most ca. ses, be only temporary. This understanding tends to relieve some of the excitement. [SECOND DISPATCH.] To-dey has been the most exciting one in financial matters. Up to 2 o'clock filteen of the city banks suspended specie payments, of which the following is a revised list, viz: The Bank of New York, Arti. zan's, St. Nicholas, Chatham, Ocean, Market, Butchers & Drover's, Merchant's Ex. change, Irving, Citizen's, Tradesmen's, Bull's Head, New York Exchange, North River and Morine. Wall street at 2 o'clock was crowded with an anxious mass of people The steps of all the banks were blocked up by people forcing their way into the banks. At the American Exchange Bank David Leavitt addressed the crowd, assuring them that the banks would pay all to the last dollar. He also announced ithat an arrangement had been made with several of the $ strongest banks to go through without suspension. It is believed, however, that the suspension will be general. It is understood that some of our heaviest f e houses have withdrawn their gold from the banks and replaced it as a special deposit. There were rumors during the day effecting d nearly all the banks in the city. The above list gives all that certainly suspended up to three o clock. S The run on the Brooklin Savings Bank h was renewed to-day, but with less vigor, the bank paying promptly. Several raifures among the dry goods firms are announced, but none of them are very prominent. d [THE LATEST ] The run upon the Mechanic's, Merchant's Bank of America, Manhatter, and Ame ica

6. October 15, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, October 15, 1857

Click image to open full size in new tab

Article Text

PROGRESS OF THE RESSURE EFFECT OF THE GENERAL SUSPENSION. EXCITEMENT ABATED. New-York City Bills taken at Par. ARRANGEMENTS IN REGARD TO STATE MONEY SAVINGS BANKS FALL BACK ON THE LAW. DEPOSITORS REQUIRED TO GIVE NOTICE. The Run Running Out. MERCHANTS ASK ACTION FROM THE LEGISLATURE THE EFFECT OUT OF THE CITY. From the unparalleled excitement of Monday, Wall street yesterday fell back to comparative apathy. Everybody seemed satisfied that the suspension was the only course to be pursued, and, although the event was the leading theme of conversation, no surprise and but little dissatisfaction was manifested. The ordinary course of business, which had been in a condition of derangement and uncertainty, began to take its usual form, and from the chaos of the past week some promising signs of order began to appear. Of course, the run on the Discount and Circulation Banks in a great measure ceased; but the Seamen's and Bowery Savings Banks were besieged at an early hour. In order to avert the serious consequences which would inevitably result from the exhaustion of their specie, the officers of the various Savings Institutions held a meeting, and resolved to take refuge behind that clause of the law which requires depositors to give notice of their intention to withdraw their money. This course materially checked the flow of specie, and will probably terminate the unwise panic among depositors. In the course of the day our reporters visited all the Banks in this City, Brooklyn and Jersey City. Below we give the result of their inquiries: ARTISANS' BANK. The Artisans' Bank is doing a very quiet business. It is restored to the Clearing-House, and stands now on a par with its fellow-suspenders. BANK OF AMERICA. The business was conducted at this bank as at the others-no specie being paid out. But few persons were in attendance, and there was no excitement. AMERICAN EXCHANGE BANK. The business transacted at the counter of this bank was large. The line of persons numbered over fifty Checks were certified and received on deposit, and, as in the case of the other banks, no coin was paid out. BANK OF COMMERCE. The Bank of Commerce has paid checks in the bills of other banks, received considerable deposits of gold, loaned $30,000 or more, and conducted business as usual, with the exception of paying specie. The Bank of Commerce receives special deposits of specie, checks drawn against which will be paid in specie. BANK OF THE REPUBLIC. The Bank of the Republic refused our reporter information on Tuesday. It was not applied to yeeterday. BULL'S HEAD BANK. Notwithstanding the reports which have been circulated for some days past relative to the suspension of this bank, it continued to pay specie upon its notes, as well as upon checks, until about 2 clock p. m. yes. terday, when it complied with the advice given by other banking institutions, and suspended specie pay. ments, having between $10,000 and $11,000 in its vaults. Quite & number of deposits were made in the bank yeeterday. BUTCHERS' AND DROVERS' BANK. The Butchers' and Drovers' Bank, which suspended Tuesday, with considerable specie on hand, opened again yesterday for business, on the non-specie paying baris, giving bills for some checks, certifying others. The officers of the bank express confidence that in the course of a few days they will be enabled to cash checks where the amounts are small. BROADWAY BANK. At the Broadway, the usual business was transacted, with the exception of paying specie. There had been 8 run on the United States Marshal's office, and Capt. Rynders came around about noon for a pile of bills. A large amount was drawn out in bills. CENTRAL BANK. The Central Bank is situated at the junction of Fulton and Washington streets, and was the first to stop. It is stated that this bank is endeavoring to make settlement, of which it will in due time apprise depositors, checkholders, and others having business to transact with it. CITY BANK. This institution resumed business on Wednesday morning in all its branches except the payment of specie. CHATHAM BANK. The business at this bank is carried on as usual, specie payments excepted. Checkholders exchanged largely for bills cn Wednesday morning. A few small specie deposits were made. On Tuesday $17,000 were paid out before stopping. Only $800 remained at the time of suspension. When our reporter called at 4 m. for further information, the officers had gone home. CITIZENS' BANK. The injunction which was recently put upon this bank, and precluded it from transacting any business whatever, was removed yesterday morning, when it immediately resumed operations, except paying out specie. CHEMICAL BANK. The Chemical Bank paid specia all day. It resolutely refuses to suspend. There was quite a brisk run from 10 to 12; it fell off then to almost nothing. The business of the day resulted in & diminution of specie of, say $35,000, a much less sum than was expected. The officers feel an increased confidence in their ability to meet everything in coin. They have received deposits to a large extent, principally in specie. One man deposited $9,000. One man said yesterday that he had about $15 000 locked up in his safe, which he would send round in the morning. When it becomes generally known that it is determined to pay specie, there can be no doubt that its specie will be largely increased. The average amount of coin in its vaults last week was $343,000. To-day it has $400,000. The Chemical Bank receives the bills of other banks on deposit; checks on these its are payable in currency only. This will protect the bank from depositors who deposit merely for the purpose of running it, and will preserve the specie value of the old deposits. The President of the bark, Mr. Jones, assures us that he voted against suspension in every instance at the meeting of the banks on Tuesday evening, and that he can by no means be held as acquiescing in the

7. October 17, 1857 Muscatine Weekly Journal Muscatine, IA

Article from Muscatine Weekly Journal, October 17, 1857

Click image to open full size in new tab

Article Text

THE NEWS. -The telegraph gives notice of a general suspension of specie payments by the banks of New York and Boston. CALIFORNIA.-The steamer Granada arrived at New Orleans on the 13th, having connected at the Isthmus with the Northern Light from San Francisco, Sept. 20th. The news is not very important. Weller's majority over both his antagonists is 11,000. The Legislature is largely Democratic. Bates, Ex-Treasurer, and Rowe, his clerk, have both been committed to jail in default of payment. Chief Justice Murray is dend. Col. Casey, of Tenn., has been killed in a duel with Mr. Blair. The 'onstitutional Convention of Oregon is in session. The Slavery question was slightly agitated. California markets were du.l. Accounts from the mines were dull. Nothing of importance from Central America. -A riot took place in Baltimore on the 14th between the Americans of the Sixth and the Democrats of the Eighth Ward. Mu-kets and pistols were used. Police officer Jordan was killed and others wounded. -The financial crisis is the burden of the telegraphic dispatches from the eastern seaboard. The following are the New York City Banks reported failed on the 13th: Bank of New York, Artisans, St. Nicholas, Chatham, Ocean, Market, Butchers and Drovers, Merchants, Exchange, Irving, Citizens, Tradesmans, Bull's Head, North River, Marine, Broadway Bank, People's Bank, Bank of the State of New York and Bank of North America. Great excitement prevailed. Policemen were stationed at many of the banks to preserve order. At the meeting of New York Bank Presidents, on the 12th, it was resolved to suspend so far as paying over the counter is concerned; and a Committee was appointed to go to Albany to confer with the Governor, and if possible induce him to call an extra session of the Legislature with the view of obtaining a legalization of the suspension of specie payments. -The election in New Mexico has resulted in the triumph of the Democrats. Otero is elected to Congress by at least 3,000 majority.

8. October 21, 1857 The Burlington Weekly Hawk-Eye Burlington, IA

Article from The Burlington Weekly Hawk-Eye, October 21, 1857

Click image to open full size in new tab

Article Text

Suspension of Eighteen Banks--Resólusion of others to Suspend. [From the New York papers of Wednesday.| Since the financial crisis has been upon us the city has not passed through so severe an excitement as was witnessed yesterday. At an early hour in the day rumérs were rife that several of the city banks had Buspended, and immediately the vicinities of the different institutions mentioned, and in fact of all the banks in the city, were surrounded with anxious and alarmed crowds, whose excitement was not allayed by seeing the omisous ammouncement ou the doors of the closed banks, "This bank hassuspended." Wall street in particular exhibited a scene which it had not presented since the terrible times of 1837. The banks were literally besieged, not alone by those particularly interested but by multitudes of idlers and alarmists.To such an extent did this reach that the aid of the police had in some instances to be called in to enable the clerks to transact business. On the street the panic manifested steelf in thousands of alarmed faces either passing burriedly along from bank to bank, or gazing in silent stupor from the opposite side walks at the crowds accending and descending the steps of the banking houses upon which the excitement seemed to concentrate. It may be hardly necesmry to my that much of this alarm was needless; but when we look at the notual number of banks which suspended during the day-irrespective of the vague rumors with reference to others flying around through an already over excited community-it is no wonder that the equanimity of the city should have been 80riously disturbed. The banks which closed yesterday are as follows:-North River Bank, Ocean Bank, Irving Bank, Merchant's Exchange, New York Ex. change, Citizens Bank, Marine Bank, Market Bank, Chatham Bank, Tradesman's Bank, St. Nicholas Bank, Butchers' s Drovers Bank, People's Bank, Bull's Head Bank, New York Bank, Leather Manufacturers' Bank, Artisans' Bank, and Broadway Bank. The Banks is Greenwich street closed their like mildfit --

9. October 28, 1857 The Spirit of Democracy Woodsfield, OH

Article from The Spirit of Democracy, October 28, 1857

Click image to open full size in new tab

Article Text

List of Suspended, Depreciated and Discredited Banks. Leather Manufacturers' Bank, New York City; Hudson County Bank, Jersey City; Broadway Bank New York City; People's Bank New York City; Bank of New York; Farmer's Bank, Petersburgh, Va; Union Bank, New Orleans; Marine Bank, N. Y. City; Tradesman's Bank, " " " " Artisan's Bank, Butcher's and Drover's Bank, New York city; Market Bank, New York City; " " St. Nicholas Bank, " " Pacific Bank, " " " " Irving Bank, " Merchants Exchange," " " North River Bank, " New York Exchange," " " Citizens' Bank, " " Ocean Bank, " " Chatham Bank, " " Bull's Head Bank, " " East River Bank, Pratt Bank, Buffalo, New York, Belleville Bank, Illinois; " Bank of Chester, Stock Security Bank, Illinois; " Corn Exchange Bank, Bank of Pike County, " State Bank of South Caaolina, Charleston;

10. November 18, 1857 The Spirit of Democracy Woodsfield, OH

Article from The Spirit of Democracy, November 18, 1857

Click image to open full size in new tab

Article Text

THE SPIRIT OF DEMOCRACY List of Suspended. Depreciated and Discredited Banks. Leather Manufacturers' Bank, New York City; Hudson County Bank, Jersey City; Broadway Bank New York City; People's Bank New York City; Bank of New York; Farmer's Bank, Petersburgh, Va; Union Bank, New Orleans; Marine Bank, N. Y. City; Tradesman's Bank, " " Artisan's Bank, " " Butcher's and Drover's Bank, New York city; Market Bank, New York City; St. Nicholas Bank, " " Pacific Bank, " " Irving Bank, " " Merchants Exchange," " North River Bank, " " New York Exchange," " Citizens' Bank, " " Ocean Bank, " " Chatham Bank, " " Bull's Head Bank, " " East River Bank, " " Pratt Bank, Buffalo, New York, Belleville Bank, Illinois; Bank of Chester, " Stock Security Bank, Illinois; Corn Exchange Bank, " Bank of Pike County, " Woodsfield Retail Market [Corrected weekly by Sinclair & Baker.] WOODSFELD Nov. 17, '57. Flour per barrel, - - - - - - $5,00 Wheat per bushel, - - - - - - 70 Oats per bushel, - - - - - - 25 Corn per bushel, - - - - - - 37 Lard per pound, - - - - - - 10 Rice per pound, - - - - - - 9 to 10 Candles per pound, - - - - - - 18 Tallow per pound, - - - - - - 12 Salt per barrel, - - - - - - 3,00 Hams per pound, - - - - - - 8 Shoulders per pound, - - - - - - 7 Corn meal per bushel, - - - - - - 37 Eggs per dozen, - - - - - - 6 Tea per pound, - - - - - - 75 to 1,00 New Orleans Sugar per pound, - - - - - - 14 Molasses per gallon, - - - - - - 70 Rio Coffee per pound, - - - - - - 15 Java Coffee per pound. - - - - - - 18 Hay per ton - - - - - - 8,00 Fish per pound, - - - - - - 10 Nails 8d. 9d. and 10d. 5½ and 6¼ Brooms per dozen, - - - - - - 2,00 Onions per bushel, - - - - - - 50 Timothy seed per bushel, - - - - - - 2,50 Butter per pound, - - - - - - 15 Potatoes per bushel - - - - - - 25 TO TEACHERS. THE Board of Examiners of Monroe County, Ohio, will, for the purpose of examining Teachers and granting Certificates to those found qualified, hold meetings in the Woodsfield Union School, on each of the following days, viz: Saturday, 24th Oct. at 8 o'clock A. M. " 7th Nov. " " " 21st " " " 5th Dee. " " " 19th " " The examination will commence each day precisely at 8 o'clock, A. M., and Teachers not present at that hour, will not be examined. By order of the Board. JOHN MOORE, Clerk. Woodsfield, Sept. 23, 1857. Sunfish Machine Shop. WILLIAM LITTEN, Proprietor. THE undersigned has purchased the whole of the Sunfish Machine shop, and Blacksmith shop heretofore managed by Kiernan and McBride. He is prepared to do any and all kinds of work in the very best style, and at moderate prices. This establishment has a reputation equalled by none other in the county. Oct. 28, 1857. WM. LITTEN. Notice