16389. National Bank of Crawford County (Meadville, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1124
Charter Number
1124
Start Date
March 31, 1866
Location
Meadville, Pennsylvania (41.648, -80.148)

Metadata

Model
gpt-5-mini
Short Digest
4e786fb220a3602a

Response Measures

None

Description

Contemporary reports state the National Bank of Crawford County (Meadville, PA) 'has suspended' (late March/early April 1866) and that the Controller of the Currency appointed receivers after the failure of Culver, Penn & Co. There is explicit comment that there was 'no panic' (i.e., no run). Suspension appears linked to correspondent failure (Culver, Penn & Co.), and receivership followed, indicating permanent closure.

Events (4)

1. May 8, 1865 Chartered
Source
historical_nic
2. March 31, 1866 Suspension
Cause
Correspondent
Cause Details
Suspension followed exposure from the failure of correspondent/agent Culver, Penn & Co. of New York, which seriously affected the bank.
Newspaper Excerpt
The Meadville Republican says that though the National Bank of Crawford county has suspended, there is no panic in that city.
Source
newspapers
3. April 26, 1866 Receivership
Newspaper Excerpt
The Crawford County National Bank, of Meadville, Pa., ... are the only ones seriously affected by the failure of Culver, Penn & Co., of New York. The Controller of the Currency has appointed receivers to take charge of the affairs of the banks referred to.
Source
newspapers
4. April 19, 1867 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (6)

Article from Cleveland Daily Leader, March 31, 1866

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The Meadville Republican says that though the National Bank of Crawford county has suspended, there is no panic in that city. Culver, Penn & Co. have telegraphed west that they could arrange every thing. The Republican advises holders of bills on the Bank of Crawford County not to dispose of them at a discount,announcing that it is receiving them atpar for subscriptionsandadvertisements


Article from Daily Union and American, April 4, 1866

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been arrested at Cleveland, Tens., for the murder of W. T. Shelton, in February last. - East Tennessee papers report the fruit and wheat crop as badly damaged by the late cold snap. - Several splendid concerts are to be given in St. Louis to raise money for the widows and orphans of rebel soldiers. Subscriptions are also being solicited to help the fair at Baltimore. - The General Conference of the Methodist Episcopal Church South meeth at New Orleans to-day. - Hon. Alex. H. Stevens has arrived in Washington. - Quantrell has turned out not to be Quantrell, but another man of the name of Hamilton. This was determined after a :failure to find a complement of strawberry marks. - A new tax bill has been agreed on by the Ways and Means Committee. Among the articles on which the tax is to be withdrawn, are freights, millinery, clothing, dress-making and gold leaf. - The Meadville Republican says that though the National Bank of Crawford County, Pennsylvania, has suspended, there is no panic in that city. The Republican advises holders of bills on the Bank of Crawford County not to dispose of them at: a discount. - The Galveston Bulletin says that a large part of three companies of the 48th Ohio Regiment stacked their arms the other day. and refused to do duty, on the ground that orders from Washington for their muster out had been disregarded. Colored troops arrested and now guard the insurgents. - Fessenden from the Finance Committee, reported back the loan bill without amendment. -Senator Wright of New Jersey has returned to Washington. -Mr. Shellabarger, of Ohio, has introduced a new Civil Rights Bill, which was referred to the Committee on the Judiciary. -The Savanah Herald, of the 29th, announce8 the arrival of Hon. D. L. Yulee, late a prisoner in Fort Pulaski. having been parcled by order of the War Department, to proceed to his home in Florida, and to report at least once a month to the Adjutant General. - Dispatches from Indianapolis, Ind., states that the township election to-day passed off quietly. Canvashers for both parties were at the polls, and Democrats for the first time in five years were allowed to distribute tickets. The vote is close, and the result not yet known. Partial returns from other points in the State show decided Democratic gains.


Article from The Evening Telegraph, April 26, 1866

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WASHINGTON. Special Despatches to The Evening Telegraph. WASHINGTON, April 26. The Indiana Conspirators. There appears to be a general misunderstanding as to the result arrived at by the Supreme Court in the case of Milligan and other Golden Circle conspirators. The line of argument on the constitutional question put forth by General Butler was not objected to seriously, but the case went off on the habeas corpus act of 1863. The court stood five for the discharge of the petitioners, and four against; and it is well understood that no two judges agree on any line of reasoning, but each will deliver an opinion of his own. District Regulations. A petition is in circulation here, praying Congress to enact a civil code, a general corporation law, and allow the District a delegate in Congress. A Reason. The reason supposed to have influenced the Naval Committee in rejecting the offer of the Canton Land Company, of Baltimore, is the impression that the offer was made simply to aid in appreciating that Company's stock in Wall street. Culver, Penn & Co. The Crawford County National Bank, of Meadville, Pa., and the Venango National Bank of Pa., are the only ones seriously affected by the failure of Culver, Penn & Co., of New York. The first-named bank has no National notes in circulation. The Controller of the Currency has appointed receivers to take charge of the affairs of the banks referred to. Soldiers' Graves. The War Department to-day issued an order to the owners of property in the South, forbidding them from disturbing in any manner the graves of Union soldiers interred on the battle-fields of the Rebellion. Provost[Marshals and commanding officers of military posts in the South are directed by the Secretary of War to report all violations of the order. Weeding Out the Imbeciles. A canvass of the different departments of the Government is at present being made, to ascertain the number of employes who honorably served in the Union army, with a view to the discharge of incompetent clerks and the appointment of ex-soldiers and sailors. A Decision. An important decision, materially affecting brokers' sales, will shortly be issued by the Commissioner of Internal Revenue. Mutilated Currency. In view of the immense amount of mutilated and redeemed paper money daily destroyed at the Treasury Department, the Secretary has determined to adopt the suggestion of the Superintendent of the Printing Division, made two years ago, recommending, instead of burning, the conversion of all such currency into pulp for the manufacture of stationery for the department. General Spinner estimates that the entire department can by this process be supplied with envelopes, thereby saving the Government an expense of from $8000 to $12,000 per year. Colonel Taggart's Interview with the President. Colonel John H. Taggart, removed from the Philadelphia Collectorship, atter learning of his official decapitation, made bold to call upon the President, and respectfully inquired the reasons for his removal. The President refused to assign any reasons for his action, upon which Colonel Taggart courteously remarked that he failed to see in his removal an adherence to his (the President's) late circular in reference to the appointment to office of ex-soldiers and sailors. To this the President deigned no reply, and Colonel Taggart left as wise as he came. A Reconstructed Southerner. Colonel Nixon, who yesterday received his pardon, is publisher of the New Orleans Crescent, the paper edited by General Simon Bolivar Buckner, who deserted from the Union Army after two months' service tempora belli in 1861, the most atrocious Rebel sheet published anywhere in the Southwest-a paper which in April 1862, while under Nixon's management, invoked the terrors of yellow fever against Ben. Butler's 189 army, then besieging Fort St. Philip. eats FINANCE AND COMMERCE


Article from New-York Tribune, April 26, 1866

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A Further Passage-at-Arms Between Messrs. Conkling and Blaine. The Northern Parific Railread-The Vote to be Taken To-Day. THE INTERNAL REVENUE REPORT. WASHINGTO N. Wednesday. April 25, 1866. THE COLORADO BILL IN THE SENATE. The Senate was the theater of intense interest again to. day, the Colorado bill being further discussed and put upon its passage. The vote stood 19 to 13. one more ma. jority than would have been obtained for it yesterday, although Senator Dixon came out to-day and paired his vote. Of the 17 absentees when the vote was taken, Messrs. Cowan, Dixon, Fessenden, Harris, Johnson and Saulsbury were paired with Messrs. Wade. Lane of KanBas, Henderson, Yates, Norton and Williams. Mr. Wright has been conveyed to his home again in New. Jersey. Messrs. Anthony, Morrill and Brown are claimed to have been in favor of the bill, and Mr. Nesmith against it. A full Senate would doubtless have resulted in a vote of 28 to 21. The success of the measure in the House is assured. The "flop" over of Mr. Doolittle from his previous vote for it to his vote to-day against it, the appearance of Mr. Dixon from his sick room, and the excessive opposition of those claiming to monopolize the President's wishes, lead to apprehensions of veto: though the President is upon the record in its favor, by a Special Message urging her admission. Senators Foster, Samner, Edmonds, Grimes and Poland, voted with the Opposition, to the disappointment and regret of those who regard the integrity and unity of the Republican party as of special conse. quence at this juncture. HOUSE BUSINESS. The House indulged another personal matter between the belligerent members from Maine and New-York: the severity of the New-Yorker upon his Down-East neighbor begins to excite a brief sympathy for the latter. The Northern Pacific Railroad occupied the remainder of the session without coming to 8 vote. FINANCIAL. The Treasury Department estimates that the National income for the present year will reach $500,000,000. The balances at present at the command of the Secretary, from all sources, are believed to be fully $160,000,000. THE RECONSTRUCTION COMMITTEE had another session to-day, but came to DO conclusion. They meet again on Friday; 80 that no report will be submitted to the House this week. CROWDS AT THE WHITE HOUSE. The storm to-day seems to have augmented the usual erowd at the White House. As early as 10 o'clock the lobbies were filled with statesmen and pilgrims. Secretary McCulloch, Gen. Butler, Montgomery Blair, Representative Darling and Hiram Walbridge of New-York, Sena tor Buckalew of Pennsylvania, and Mr. Stockton of, NewJe reey were among the notables present. A RECONSTRUCTED SOUTHERNER. Col. Nixon, who to-day received his pardon, is publisher of The New-Orleans Crescent, the paper edited by Gen. Simon Bolivar Buckner, who deserted from the Union Army after two months service temporal belli in 1861, the most atrocious Rebel sheet published anywhere in the South-West, a paper which in April, 1862, while under Nixon's management, invoked the terrors of yellow fever against Ben. Butler's army, then besieging Fort St. Philip. MONSIEUR TONSON COME AGAIN." Senator Doolittle of Wisconsin was the Conservative Senator to whom allusion was made yesterday as expressing his contempt for the parties who could perpetrate 80 cruel a joke, as he supposed it to be, of returning thanks for the appointment of Wade Hampton 88 Postmaster at Pittsburgh. The confusion at the Department was caused by ignorance of the fact that there were three Wdea Hamptons in the country, the Rebel General, the Pittsburgh new Postmaster, and an old mployé in The New-Orleans Delta office, whose existence was discovered by Gen. Butler upon an examination of the cash books of that concern in a charge of $2 for " whipping Wade." The latter Wade was found to legitimately belong to the colored wing of the Hampton family. THE INDIANA CONSPIRATORS There appears to be a general misunderstanding as to the result arrived at by the Supreme Court, in the case of Milligan and the other Golden Circle conspirators. The line of argument on the "constitutional question put forth by Gen. Butler was not objected to seriously, but the case went off on the habeas corpus act of 1863. The Court stood five for the discharge of the petitioners and four against, and it is well understood that DO two Judges agree on any line of reasoning, but each will deliver an opinion of his own. DISTRICT REGULATIONS. A petition is in circulation here praying Congress to enact a civil code, a general corporation law, and allow the District a delegate in Congress. I A REASON. The reason supposed to have influenced the Naval Committee in rejecting the offer of the Canton Land Company of Baltimore is the impression that the offer was made simply to aid in appreciating that Company's stock in Wall-st. CULVER, PENN & CO. The Crawford County National Bank of Meadville, Pa., and the Venango National Bank of Pa. are the only ones seriously affected by the failure of Culver, Penn & Co. of New-York. The first named bank has no National notes in circulation. The Controller of the Currency has appointed receivers to take charge of the affairs of the banks referred to. INTERNAL REVENUE AND CONSCIENCE MONEY. The receipts from Internal Revenue to-day were $624,013, while the Conscience Fund of the Treasury was further increased by $50, received through PostmasterGeneral Dennison from an anorymous party in Boston. SOLDIERS' GRAVES. The War Department to-day issued an order to the owners of property in the South, forbidding them from disturbing in any manner the graves of Union soldiers interred on the battle-fields of the Rebellion. ProvostMarshals and commanding officers of military posts in the South are directed by the Secretary of War to report all violations of the order. WEEDING OUT THE IMBECILES. A canvass of the different departments of the Government is at present being made, to ascertain the number of employes who honorably served in the Union army, with a view to the discharge of incompetent clerks and the appointment of ex-poldiers and sailors.


Article from The Daily Gate City, May 2, 1866

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COLVER, PENN & Co. - The Crawford County National Bank of Meadville, Pa., and the Venango National Bank of Pennsylvania, are the only ones seriously affected by the failure of Culver, Penn & Co., of New York. The first named bank has no National notes in circulation. The Controller of the Currency has appointed receivers to take charge of the affairs of the banks referred to.


Article from Western Reserve Chronicle, May 2, 1866

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Matters in General. It is said Congress will not adjourn till June. The bill to amend the internal revenue law is to be taken up next Monday in Congress. The wheat crop in Pennsylyania, Maryland and Deleware is reported generally in fine condition. An Odd Fellow's State anniversary was held at Springfield, O., last Thursday. The heavy frost used up the cherries, grapes and pears in Southern Indiana last week. The Fenians have busted again. Their late expedition towards New Brunswick was a failure. They are becoming disgusted at their own nonsense. Other folks were some time since. Great want is reported among the poor in Alabama. On ration days, in several counties, as many as 300 women. some of whom had walked 12 and 15 miles, met at the court houses for their shares. The New York correspondent of the Springfield Republican characterizes the spring style of bonnets as "dilapidated, flap jack looking concerns." He is right on the "flap" Since President Johnson has said his Peace Proclamation does not restore the habeas corpus in the Southern States, the copperhead papers say the proclamation is about as sensible as a conundrum. Andy Johnson is a sort of Irishman's flea to the democracy, whom they are always grabbing for. They think they have him, and then they haven't Hon. John W. Forney has been lecturing in Philadelphia on the question: "Has the War for Human Freedom been fought in Vain." Wendell Phillips took the affirmative of a question, substantially similar, last fall. Nevertheless slavery is abolished. The Crawford County National Bank of Meadville, Pennsylvania, and the Venango National Bank of Pennsylvania, are the only ones seriously affected by the failure of Culver, Penn & Co., of New York. The first named bank has no National notes in circulation. The Controller of the Currency has appointed receivers to take charge of the banks referred to. An awful fire occurred in Detroit on last Thursday night, by which the Michigan Southern and Milwaukie R. R. depots, and three freight depots, were destroyed. The destruction of freight was immense. The loss of property is put at $1,000,000. From 20 to 30 lives supposed to be lost. The fire originated from a barrel of benzine being ignated by a lamp. Thairwell, the murderder of Housman, at Bellevernon, Pa., while on his way to prison confessed his guilt. On the night of the murder he took Housman's gun, placed the muzzle of it to hig head, and shot him when asleep, his wife standing by with a tub to catch his blood. She put the rope around his neck herself, attached an anchor to it, and assisted to drag the body to the river.He says he tried to get off from doing the deed, but she persuaded him until he consented, and that now he expects to hang for it. A WOIL an, apparently about thirty years of age, from Milwaukee, Thursday, stopped at the Matteson House in Chicago. Yesterday morning she went to an undertaker and purchased a small coffin, which she carried to the hotel. She then placed an infant child in the coffin and put on the lid. At tracted by her movements, the people of the hotel sent intelligence to an officer to investigate the matter. Upon opening the coffin the child was found to be alive. At first the woman said she was married, but subsequently acknowledged she was not. The child was taken care of by the wife of the proprietor of the hotel. The woman was not arrested.