16925. Sackett's Harbor Bank (Sackets Harbor, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 26, 1857
Location
Sackets Harbor, New York (43.946, -76.119)

Metadata

Model
gpt-5-mini
Short Digest
c7814358

Response Measures

None

Description

Multiple articles from Aug–Nov 1857 report the Sackett's Harbor Bank as failed/suspended during the Panic of 1857. A receiver (William Williams) accepted the assets (reported Sep 4, 1857). No article describes a depositor run on this specific bank; instead it is listed among banks discredited or suspended amid the broader financial panic. OCR variants (Sacketts Harbor / Sacket Harbor / Sackets' Harbor) appear in sources; used the provided name.

Events (3)
1. August 26, 1857 Suspension
Cause
Macro News
Cause Details
Failed/suspended as part of the widespread Financial Panic of 1857; listed among many banks discredited during the crisis (no bank-specific scandal described).
Newspaper Excerpt
Sacket Harbor Bank, Failed Aug. 26.
Source
newspapers
2. September 4, 1857 Receivership
Newspaper Excerpt
William Williams has accepted the receivership of the assets of the Sackett's Harbor Bank.
Source
newspapers
3. November 29, 1857 Other
Newspaper Excerpt
A letter from the receiver of the Sackett's Harbor Bank states that no dividend will be declared in January, as was aspected. The receiver furthermore states that it is impossible for him to say when a dividend can be declared.
Source
newspapers

Newspaper Articles (21)
1. August 28, 1857 Evening Star Washington, DC
Article from Evening Star, August 28, 1857

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The Financial Panic-A Better Feeling Prevailing. NEW YORK, Aug. 27.-Several minor stock failures are announced to-day, including Fisher, Dening & Co., F.P. James & Co., and A. Rodewald, but the general impression is that the crisis is over, and that all will soon be right again. Jacob Little has arranged his difficulties and resumed his seat at the stock board. The Commercial Advertiser, of this afternoon, says there is altogether a better feeling in the street, and that the panic is beginning to subside, There is less pressure of stocks upon the market, and more support from outside operators. Brokers refuse the notes of the Sackett's Harbor Bank and the Farmers' Bank of Saratoga. It is rumored that Messrs. Chambers & Helser, largely engaged in the California and India trade have suspended. UTICA, Aug. 27.-The sheriff of this county today attached the Ontario Bank on a judgment in favor of R.J. Johnson, of New York.

2. September 1, 1857 Richmond Enquirer Richmond, VA
Article from Richmond Enquirer, September 1, 1857

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THE FINANCIAL PANIC IN NEW YORK. NEW YORK. Aug. 27.-Financial affairs are more tranquil here to-day. It is rumored that Messrs. Chambers & Heiser, largely engaged in the California and India trade, have suspended. Several minor stock failures are announced to-day, including Fisher, Dening & Co., F. P. James & Co., and A. Rodewald, but the general impression is that the crisis is over, and that all will soon be right again. Jacob Little has arranged his difficulties and resumed his seat at the stock board. The Commercial Advertiser, of this afternoon, says there is altogether a better feeling in the street, and that thepanic is beginning to subside. There is less pressure of stocks upon the market, and more support from outside operators. Brokers refuse the notes of the Sackett's Harbor Bank andthe Farmers' Bank of Saratoga. UTICA, Aug.27.-The sheriff of this county to-day attached the Ontario Bank on 8 judgment in favor of R. A. Johnson of New York.

3. September 2, 1857 The Ashland Union Ashland, OH
Article from The Ashland Union, September 2, 1857

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THE ORASH AMONG BANKS AND BANKERS. Since our last issue, JOHN THOMPSON, a noted Wall Street Broker, and Editor of Thompson's Reporter, has failed. ATWOOD & Co., one of the largest moneyed concerns in New York, have failed with several millions of Western acceptances in their hands. The Reciprocity Bank, Buffalo, suspended on Saturday. The Banking House of Franklin & Sons, Newark, Ohio; The Hollister Bank, Buffalo; and The Warren Bank, Pa., stopped on Monday. Also, on yesterday, departed this life The Clinton Bank, Buffalo, N. Y.; and the Sackets Harbor Bank, N. Y. Also, have recently gone up" the following: Rhode Island Central Bank, R. I. Tiverton Bank, Fall River, R. I. Farmers' Bank, Wickford, R. I. Bank of Kanawha, Maldon, Va. Warren Co. Bank, Warren, Pa. The entire system is rotten, and we know not what a day or an hour may bring forth. The National Sub-Treasury and the California mine products have postponed the evil day; but the paper money system must perform its allotted cycle. Twenty years ago, a financial storm swept over the country, which brought bankruptcy to the Federal Treasury, notwithstanding it had thirty odd millions of paper money at its commanddrove States to repudiation, and made the passage of a Bankrupt law for the benefit of debtors, a matter of necessity. That storm gave birth to the National Sub-Treasury. If the present calamities will evolve a Sub-Treasury for Ohio, by which a complete divorce from Banks, Bankers and Fund-mongers can be obtained, the people of our State will eventually be compensated for their recent losses; and when the next Rag Money crisis comes, her Treasury will be as unaffected by it as that of the Federal Government is by the existing panic.

4. September 2, 1857 Semi-Weekly Standard Raleigh, NC
Article from Semi-Weekly Standard, September 2, 1857

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The Financial Panic in New York. New YORK, Aug. 27.-Financial affairs are more tranquil here to-day. It IS rumored that Messrs. Chambers & Heiser, largely engaged in the California and India trade, have suspended. Several minor stock failures are announced to-day, including Fisher, Dening & Co., F. P. James & Co., and A. Rodewald, but the general impression is that the crisis is over, and that all will soon be right again. Jacob Little has arranged his difficulties and resumed his seat at the stock board. The Commercial Advertiser, of this afternoon, says there is altogether a better feeling in the street, and that the panic is beginning to subside. There is less pressure of stocks upon the market, and more sup port from outside operators. Brokers refuse the notes of the Sackett's Harbor Bank and the Farmers' Bank of Saratoga. UTICA., Aug. 27.-Thesheriffof this county to-day attached the Ontario Bank on a judgement in favor of R. A. Johnson of New York.

5. September 3, 1857 Kenosha Tribune & Telegraph Kenosha, WI
Article from Kenosha Tribune & Telegraph, September 3, 1857

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The past week has been an exciting one in the money market. Failures of Banks and bankers, have followed each other in quick sucseccion. The following is a list of Banks which have failed or suspended during the past ten days: Farmers Bank, Arcade Bank, Tiverton Bank, and R. I. Central Bank, Rhode Island. Woos. ter Bank and Bank of North America, Connecticut. Farmers Bank of Saratoga County, On. tario Bank, Fort Plain Bank, Hollister Bank Reciprocity Bank, and Sackets Harbor Bank New York. Mechanics Banking Ass'n. N. Y City. Warrrn Co. Bank, Farmers & Drovers Bank, Honesdale Bank, and Bank of Middletown, Pennsylvania. Kanawha Bank, Vir ginia. Several of the principal Bankers in N. Y. have also suspended: among others we may mention. The Ohio Life Ins. & Trust Co., John Thompson, Atwood & Co., and Beebe & Co.

6. September 5, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, September 5, 1857

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SUSPENSION OF O. LEE & CO.'S BANK. BUFFALO, Friday, September 4, 1857. O. Lee & Co.'s bank suspended this morning. Thi suspension is caused by a very large accumulation o suspended debts, among which is one of $270,000 from the Buffalo Car Company. The other Buffalo banks have fortified themselves, and are thought perfectly sound. There is no excitement in the city. William Williams has accepted the receivership of the assets of the Sackett's Harbor Bank.

7. September 5, 1857 The New York Herald New York, NY
Article from The New York Herald, September 5, 1857

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BUFFALO, Sept. 4, 1857. 0. Lee & Oo.'s bank suspended this morning This sus pension is caused by a very large accumulation of susgended debts, among which le one of $270,000 from the Our Company. The other Baffalo banks have fortiBed themselves and are thought perfectly sound. There b no excitement in the city. William Williams has no cepted the receivership of the assets of the Sacketts Harbor Bank.

8. September 8, 1857 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, September 8, 1857

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THE SUSPENSION OF A BUFFALO BANKING HOUSE.A dispatch from Buffalo, N.Y., dated Friday, says: O. Lee, & Co.'s Bank suspended this moruing. This suspension is caused by a very large accumulation of suspended debts, amougst which is one of $270,000 from the Buffalo Car Company. The bill holders will loose nothing, as the circulation of the bank is secured by United States and N. York State stocks, which are now worth a premium.At the last report it had $94,000 in circulation, secured by stocks to the amount of $36,000, bonds and mortgages $32,691. The other Buffalo banks have fortified themselves, and are thought perfectly sound. There is no excitement in the city. Wm. Williams has accepted the receivership of the assets of the Sackett's Harbor Bank.

9. September 10, 1857 Holmes County Republican Millersburg, OH
Article from Holmes County Republican, September 10, 1857

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Banks in bad Repute. The paper of the following Banks has been thrown out of the Eastern Banks, and they are reported "broke." It is altogether probable, though, that as soon as the present panic has subsided a little, that most or all of them will resume business again: Bank of Hallowell, Hallowell, Maine. Exter Bank, Exter, N. H. South Royalton Bank, South Royalton, Vt. Rhode Island Central Bank, E. Greenwich, R. I. Farmers' Bank, Wickford, R.I. Mount Vernon Bank, Providence, R. I. Tiverton Bank, Tiverton, R.I. Wooster Bank, Danbury, Ct. Commercial Bank, Perth Amboy, N.J. Bergen, County, N.J. Sacketts Harbor (or Reciprocity.) Buffalo Hollister Bank, Buffalo. Chemung County Bank, Horseheads.

10. September 12, 1857 The Weekly Minnesotian Saint Paul, MN
Article from The Weekly Minnesotian, September 12, 1857

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Monetary Matters. Prepared Weekly by J. Jay Know & Co., Bankers, Phanix Block, St. Anthony Street, St. Paul. The Bankers, since the news of the extensive failures in New York, decline generally to increase their loans. Payments and collections are generally slow. Money is in demand on the best names at from 3 to 5 per cent. per month. Gold & Exchange is scarce, and many of the Bankers declines to sell, except to their customers. The Board of Brokers have advanced the selling rate of Exchange to 1½ per cent. We quote: BUYING. SELLING. Exchange on N. York, ½ per cent. prem. 1½ per cent. " " " " 1½ St. Louis, X " " Galena, " " ½ Chicago, " 2 Gold, Duncan, Sherman & Co.'s Foreign Fx'ge. $5 05 to the £ Land Warrants, 160s & 80s 03, 120s, 97 ets. The following Banks have recently been discredited: Canal Bank, Cleveland, Ohio. Seneca County Bank, Ohio. Norwalk Bank, Ohio. Rhode Island Central Bank. Tiverton Bank, Rhode Island. Farmer's Bank, Wickford, Rhode Island. Middleton Bank, Pa. Warren County Bank, Pa. Bergen County Bank, N.J. Kanawha Bank, Va. Sackett's Harbor Bank, N. Y. Reciprocity Bank, Buffalo, New York. Ontario Bank, N. Y. Hollister Bank, N. Y. Oliver Lee & Co.'s Bank, N. Y. Mechanics Bank Association, N. Y. Danby Bank, Vermont. The Sackett's Harbor, Reciprocity and Ontario Banks are Safety Fund Banks, and have no securities. The Hollister Ban k is secured by-Bonds and Mortgages $39,400 New York State Stocks 63,500 $102,900 Total Circulation $100,269 Oliver Lee & Co.'s Bank is secured byBonds & Mortgages $19,000 New York State Stocks 87,000 $106,000 Total Circulation $89,800 The Mechanic's Banking Association is secured byNew York State Stocks. $245,822 Total Circulation $242,981 Very little if any loss can fall to the Bill Holders by the failure of New York State Banks. In Baffalo the excitement has subsided. The Commercial of Buffalo says: There is a better feeling in money circles to-day. The banks are discounting in limited amounts for their regular customers. During the excitement in regard to money matters the past few days, operations in produce have been very much restricted from the inability and reluctance of banks to extend their nsual accommodations. Gold has recommenced to flow back from this city to New York, and is comparatively now a drug here. Yesterday several bags were returned without opening.— People having got over their fright of Saturday and Monday, the tide is now setting back. At the Manufacturers' and Traders' Bank, yesterday, for nearly two hours there was such a crowd there waiting a turn to deposit, that it was almost impossible to get through. We are informed that $80,000 were eceived in currency. The New York Courier of yesterday says: The pulse of WallStreet was a little quickened yesterday by the announcement of the failure of Beebe & Co., and J. H. Prentice & Co., the suspension of the Mechanics' Banking Association, and the arrest of its Paying Teller, Mr. Edwin Van Blarcom, for an alledged defalcation. There ensued, however, no fever of panic; before three o'clock the financial pulse become again calm, the above comprising the list of the day's misfortunes,-There were no more failures, there was not the least trouble among the other banks, nor reason to apprehend any, the bills even of the suspended bank were received as usual on deposit by the other banking institutions, and the financial day closed with no other feeling on the part of financial men, but that Wall Street and the great business world of New York still remained firm on their foundations, with a good prospect of continuing so, panic and "financial crash" makers to the contrary notwithstanding. This afternoon despatch from New York says: Wall Street and vicinity looks very cheerful this morning. The panic fever is over and Stocks generally have idvanced from 2 to 5 per cent. Illinois Central fs up 20 per cent. from yesterday and is selling 110. Money actively soughtafter and there are more buyers than'sellers, but first class paper on call is taken at 7 per cent., other ranges 9 and 12. The Tribune says: --One thing we have alrea prove by it-the security and strength of our State's admirable Free Banking Sy4tem. Under the old Special Charter system, with no securities except those in the Bank's vaults, we should have had twenty or thirty Banks down within the last week, and their notes now selling at sixty cents on the dollar. Now we have had but three or four small congive way, and of these only the one which is an old monopoly Bank will inflict any loss on the billholders.The Mechanics' Banking Association has been horribly mismanaged and is rotten to the core, but its notes are worth a hundred cents on the dollar. We have only to weed out the Mortgage feature from our Bank Securities and our system will be nearly perfect. Finally, we say urgently to the Farmers and the Country, contract your credits; Diminish your debts. This must be done. Be warned in time, (as our City operators would not be,) and avoid calamity by anticipating it. If you owe debts thatare due or soon to come due, see what you can most advantageously sell that will pay them, and close the matter up SO soon as may be. A few months ago, we advised the Farmers not to be persuaded that the New Tariffmust necessarily reducethe price

11. September 26, 1857 Columbia Democrat and Bloomsburg General Advertiser Bloomsburg, PA
Article from Columbia Democrat and Bloomsburg General Advertiser, September 26, 1857

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W. A. J. BRITTAIN, Sec'y. Suspended and Broken Banks. For the information of our readers, and in order to guard them against receiving worthless money, we publish the following list of recently suspended and broken Banks, which has been carefully compiled and compared with the list of the brokers in the city. It is gratifying to note that thus far in the present financial crisis, not a single Pennsylvania Bank is included in the list It is to be hoped they will be able to ride out the storm. Mechanics' Banking Association, N. Y. Farmers' Bank of Saratoga county, N. Y. Sacketts Harbor Baok, Buffalo, Reciprocity Bank, Buffalo. Chemung County Bank, Horseheads, N. Y. Ontario Bank, Vica, N. Y. Ontario County Bank, Phelps, N. Y. Oliver Lee & Co.'s Bank, Buffalo, N. V. Hollister Bank, Buffalo. Niagara River Bank, Towanda, N. Y. Bank of Orleans, Albion, N. Y. Huguenot Bank, New Paltz, N. Y. New-York County Bank, N. Y. Farmers' Bank, Wickford, B. I. Mount Vernon Bank, Providence, R. I. Rhode Island Central Bank, East Greenwich, R. I. Bank of South County, Wakefield, R. I. Warwick Bank, Warwick, R. I. Tiverton Bank, Tiverton, R. I. Bank of Hallowell, Maine. Hancock Bank, Ellsworth, Maine. Danby Bank, Danby, Vt. Bergen County Bank, Hackensack, N. J. Bank of New Jersey, New Brunswick, N. J. Merchants Exchange Bank, Bridgeton, Ct. Wooster Bank, Wooster, Ct. Sanford Bank, Sanford, Maine. Monson River Bank, Monson, Mass. Kanawha Bank, Virginia. Miama Valley Bank, Dayton, Ohio. S Bank of West Tennessee, Memphis, Tenn. a Agricultural Bank, Brownsville, Tenn, d Bank of Commerce, Georgetown, D.C. Colchester Bank, Connecticut.

12. September 28, 1857 The Davenport Daily Gazette Davenport, IA
Article from The Davenport Daily Gazette, September 28, 1857

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Diecred Manko. The following is a corrected list to date, of recent euepended and discredited banks Nebracks money has been thrown out by our bro here. except the Bank of Florence Bank of the Capitol, Indianapolis, Indiana, e. . do Central Hank, do do Bank of Elgin. III as, email circulation Mechanics Banking Association N IY .. Ohio Life and Truel company, don't leetle notes. Bank of Kanewha, Va Reciprocity Bank Buffalo, N.Y now bank . . Hollister Bank, Buffalo N Y. . . Warren County Bank Pa. Bank of Middletown, Pa. Honeedale Bank. Pa Bank of North America, Conn. Ontario Bank. Utica, N.Y. Fort Plain Bank . . Farmers' Bank of Saratoga N Yee Farmers' and Manufacturere Bank Poughteepsie N Y Farmers' Bank Wickford R I M Vernon Bank, Providence R I Tiverton Bank, Fall River R I Wooster Bank, Dembury Conn. Borgen County Bank, N. Ellaworth Bank, Maine. Bank of the South County. R I Sackett's Harbor Bank N Y. This Bank which was an oid liner. was lately merged into the Recipro city Bank at Buffalo: but few of the notes of either were in circulation in the west. Exeter Bank N H South Royalton Bank, Vt. Chemung County Bank, Horseheads N Y .. Geneca County Bank, Ohio Oliver Lee & Co.'s Bank, Buffalo, N Y reported failed, e.e. Ningara River Bank Tonawanda N Y reported failed, Hancock Bank, Maine Maratime Bank, Maine America Bank, Trenton N J. Bank of New Jersey, New Brunewick; N J Huguenot Bank New Platz N Y . . Bank of South County, Wakefield R I Rock River Bank, Reloit, Wisconein . . Farmers Bank Hudeon. Wis . e. Bank of Colehester, Conn Western Bank Lockport N. Y Niagara Cocunty Bank, Lockport N Y Note means secured by Statestocks Our eubecribere ought to lose nothing by the euepension of these banks The others have but little circule tidn in the west Our readers are cautioned against exercificing notes of occured banks, as some of them will probably be reinstated, while those finally compelled to close up, in the ordinery couree of things, will pay a large proportion of their debt. -- Chicago Tribune 24th To these we may add the following Medius Hank, Medina. N Y Hank of Hallowell, Maine Girard Bank Philadelphia. Bank of Philadelphia Bank of Commerce, Philadelphia

13. 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.

14. 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.

15. October 16, 1857 American Union Morgantown, WV
Article from American Union, October 16, 1857

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From Dye's Wall Strees Broker Broken Suspended and Doubtful Banks. MAINE Exchange Bank, Bangor, Hancock Bank. Bank of Hallowell. Monsum River Bank. Sanford Bank. NE W HAMPSHIRE. Exeter Bank, Exeter. Ware Bank. VERMONT. South Royalton Bank Mount Vernon Dauby Bank. Stark Bank MASSACHUSETTS. Monsum Bank, Monson. Bass River. Western Bank. Lee Bank. RHODEISLAND. Farmers Bank of Wickford, Tiverton Bank. Rhode Island Central Bank. South County Bank. Hopkinton Bank. All Rhode Island Banks. CONNECTICUT. Merchants Exchange, Bridgeports Faiefield county. Pawcatuck. Colchester Bank. Bank of Hartford County. Farmers Bank of Bridgeport. Biidgeport City. Thompson. Danbury. Windham County. Bank of North America, Seymour, Exchange Bank of Hartford. .. Mercantile " Charter Oak PENNSYLVANIA. All the Banks Suspended, except, Warren Co. Bank, Warren. Honesdale Bank. Wyoming Bank, Wilksbarre. VIRGINIA. Bank of Kanawha. OHIO. Dayton Bank, Miam Valley Bank. NEW YORK. Addison Bank. Sacketts Harbor Bank. Reciprocity Bank. " Hollister Niagara River " Ontario County" Bank of Orleans. Oliver Lee Bank. Huguenot " " Ontario " Yates Co. " Medina " Dairymen's Chemung County " Agricultural Bank. Union " Monroe " Western Bank of Canandaigua. " Kinderhook. " Lima. Farmers' & Citizens,' Winsburg. Island City. Mechanics' Banking Ass'n. Hamilton Exchange Bank, Leonardsville Bank of Old Saratoga. Farmers' Bank, Hudson. Hudson River Bank. " Powell " Worthington Oneida Central " Bank of Central New York. Bank of Watertown. NEW JERSEY. Bank of New Jersey. Bank of America, Trenton Bergen County Bank. Union, Frenchtown. Morris County. Trenton Banking Co. Mechanics Bank, Burlington. Burlington County. Burlington Bank. Bordentown Banking Co. Salem Cumberland Bank. " Princeton " Farm. & Mech. Camden. " Camden " Gloucester Co. " Mount Holly " Lambertville " Phillipsburgh Mechanics " Trenton. " Farmers' All Baltimore Banks. All Maryland Banks. Contracts for Pork.-In Montgomery county, Va., engagements have been made for at $6,50, and in some of the counties West of there at 80. In Roanoke county, holders are offering to end at $8

16. October 22, 1857 The Wyandot Pioneer Upper Sandusky, OH
Article from The Wyandot Pioneer, October 22, 1857

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SUSPENDED BANKS. Rhode Island. Farmer's Bank Wickford, failed Aug., 25. de " Rhode Island Central, " " Tiverton Bank, " " Warwick, " Sept. 12 Bank of the South County " " 24 Hopkinton Bank, Refuse all Rhode Island money as it is at a discount from 10 to 15 per cent in N.Y. New York City, and State. Sacket Harbor Bank, Failed Aug. 26. Denk

17. October 31, 1857 The Council Bluffs Nonpareil Council Bluffs, IA
Article from The Council Bluffs Nonpareil, October 31, 1857

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TAKE FOR THE NEXT THIRTY DAYS, on the following Broken and Suspended Banks, at 50 cents on the dollar, for merchandise: Fonteneile Bank, Bellevue; Agricultural Bank. N. Y. Dairyman's Bank. N. Y.; Worthington Bank, N. Y.; Niagara River Rank, N. Y.; Hollister Bank; Oliver T.ee's Bank; Ontario Bank; Bank of Orleans; Hugenot Bank; Bank of Medina; Hamilton Exchange Bank; Oneida Central Bank, and Bank of Tecumseh. And the following at 25 cents on the dollar-Reciprocity Bank; Sackett's Harbor Bank; Troy City Bank; Tompkins Co. Bank, and Yates Co. Bank. REMEMBER-for 30 days only. n27-1m McBRIDE & BOWEN.

18. November 14, 1857 The Council Bluffs Nonpareil Council Bluffs, IA
Article from The Council Bluffs Nonpareil, November 14, 1857

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Broken Banks--Read! TAKE FOR THE NEXT THIRTY DAYS. on the following Broken and Suspended Banks, at 50 cents on the dollar, for merchandize: Nemaha Valley B'k, Brownville; Agricultural B'k, N. Y. Dairyman's Bank, N. Y.; Worthington Bank, N. Y.; Niagara River Rank, N. Y.; Hollister Bank; Oliver Lee's Bank; Ontario Bank; Bank of Orleans: Hugenot Bank; Bank of Medina; Hamilton Exchange Bank; Oneida Central Bank, and Bank of Tecumseh. And the following at 25 cents on the dollar-Reciprocity Bank; Sackett's Harbor Bank; Troy City Bank; Tompkins Co. Bank, and Yates Co. Bank. Fontenelle Bank, of Bellevue, 40 cents. REMEMBER-for 30 days only. n27-1m McBRIDE & BOWEN.

19. November 21, 1857 The Council Bluffs Nonpareil Council Bluffs, IA
Article from The Council Bluffs Nonpareil, November 21, 1857

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Broken Banks-Read! E WILL TAKE FOR THE NEXT THIRTY DAYS W the bills on the following Broken and Suspended Banks, at 50 cents on the dollar, for merchandize: Nemaha Valley B'k, Brownville; Agricultural B/k, N. Y. Dairyman's Bank, N. Y.; Worthington Bank, N. Y.; Niagara River Rank, N. Y.; Hollister Bank; Oliver Tee's Bank; Ontario Bank; Bank of Orleans: Hugenot Bank; Bank of Medina; Hamilton Exchange Bank; Oneida Central Bank, and Bank of Tecumseh. And the following at 25 cents on the dollar-Reciprocity Bank; Sackett's Harbor Bank; Troy City Bank; Tompkins Co. Bank, and Yates Co. Bank. Fontenelle Bank, of Believue, 40 cents. REMEMBER-for 30 days only. n27-1m MCBRIDE & BOWEN.

20. November 29, 1857 The New York Herald New York, NY
Article from The New York Herald, November 29, 1857

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SATURDAY, Nov. M. The stock market drags its slow length along, without the first inclination of returning buoyancy. The extent of transactions has sensibly diminished, and the buyers comprise the combination of bull speculators. The strength and resources of this clique appear to have reached the maximum points, and the probability is that before many days elapse the market will be all back again to the low prices ruling some weeks since. At the first board to-day, Michigan 6's declined 1 per cent; Missouri 6's, 4; Michigan Southern, preferred, 1: Illinois Central Railroad, 1; Chicago and Rock Island, 1. Tennessee 6's advanced 4 per cent; Brooklyn 6's, 1; New York Central Railroad, 1; Erie, 1: Reading, 1: La Crosse and Milwaukie, 1. There were very few time sales on the list, and those made were principally buyer's option. At the second board the market opened and closed dull and heavy* Erie fell off 1 per cent; Reading, 1; Michigan Southern, old, 1; do. preferred. 1; New York Central, 1; Galena and Chicago, 11; Cleveland and Toledo, 4: Chicago and Rock Island, 1: Milwankie and Mississippi, 1. After the board a slight rally was realized upon the report that the Northern Light was on her way to this port from Aspinwall, with two millions of gold. Another account says twelve hundred thousand dollars. The Assistant Treasurer reports to-day as follows:$118,209 39 Total receipts 183,505 28 Total payments 4,395,219 22 Total balance The receipts from customs to-day amounted to $4,700. The steamship Ariel, from this port for Southampton and Bremen to-day, carried out $36,925 in specie. The closing rates for sterling bills by this steamer were 8 a 9 per cent premium for 60 days. Sight bills 101 a 11 premium. The exchanges at the Bank Clearing House to-day amounted to $12,655,130 95, and the balances paid to $1,073,525 40. The semi-annual interest on the bonds of the Treverton Coal and Railroad Company will be paid at the Leather Manufacturers' Bank on the 1st of December. A letter from the receiver of the Sackett's Harbor Bank states "that no dividend will be declared in January, as was aspected." The receiver furthermore states "that it is impossible for him to say when a dividend can be declared." The Howard Insurance Company has declared 8 dividend of 12 per cent, payable December 7. We have received a copy of the message of Gov. Allston, of South Carolina, to the Legislature of that State. We copy that portion which relates to finance and the banks:The financial condition of the State is sound, though at the present moment necessarily somewhat embarrassed Without including the surplus revenue, $1,051,422 09, which is held on deposit, the debt of the State amounts to $3,058,681 50, drawing interest at a rate varying from 3 to per cent. The taxes returned for the last fiscal year are $463,144 55. The ordinary annual expenses do not exceed $3,500,000. But the pay ments out of the treasury for the past year far exceed that sum. Within ten years the number of banks has been in creased to twenty which are returned monthly with an aggregate capital of $14,837,641 25, with a specie basis in September of $999,399 76, and a line of domestic ex change amounting to $10,265,530 98. or the last sum six of the banks in the commercial city of Charleston, having a capital of 25, returned for their part only $3,027,657 78. The capital of the ten banks first named in the exhabit amounts to $10 25: their circulation for September was $3,389,826; their specie on hand for the same month, $597 949 15. The circulation of the same banks. as shown in the month of October, was $3,806,504. and their specie amounted to $436,893 95. The ten banks last nast named, having together a capital of $1,700,000. returned for their circulation in September $3,714,344 specie on band, $401 450 21 The circulation of the same banks. as shown in the October exhibit, was $3,218,315 50: specie on hand, $267,807 11. In the first half of the year, was pleased to learn that the bills of the principal banks in South Carolina constituted still a portion of the most approved currency in the West. and were available. also, to travellers as far north as the city of New York. Those of some of the smaller banks, it was sajd, were sometimes found, at certain points in the Western States. circulating too freely and in too great numbers. In granting charters hereafter, think it would be well to confine the banks to dealing in exchange, discount and deposit. The issue of bills for currency should be the prerogative of the Bank of the State, which in its turn. should be denied the privilege of discounting notes or dealing in domestic exchange The corporations which demand a circulating medium for their business, should apply to the State authority for the same, depositing one third of the amount desired in spe cie, and the remainder in satisfactory securities, 80 as to assure the public of the soundness and convertibility of a mixed currency This suggestion is made on the suppo sition that the State will adhere to the Bank of the State as its fiscal agent, not because 1 prefer it as such. Unless some such modification of the system be adopted. am of opinion that it would conduce to the soundness of the cur rency, and more to the interest of the whole community, to have the banking business of the State done by SIX cor porations, instead of twenty The Philadelphia Pennsylvanian of the 28th inst. says:The commission recently appointed by the Governor to investigate the affairs of the Bank of Pennsylvania, have concluded their laborsas far as is possible at this time, and forwarded their reports to the Governor on Thursday It IS understood that they find the condition of the bank much less deplorable than many have been led to anticipate, and that there is good reason to believe that every dollar. not only of its circulation and deposits, but other liabilities, will be liquidated. Its total liabilities of every kind. are reported at $2,070,000 including $550,000 circulation. between $300,000 and $400 of deposits and checks marked "good," and its indebtedness to city and country banks. &c. The total assets amount to about $2 700 000. the larger portion being bills receivable. some of which have been protested, and others renewed. while considerab e amounts are being paid as they mature. There is also a considerable amount of bonds, mortgages, real estate, &c., including the new edifice on Chestnut street. A large proportion both of the unmatured and the protested bills are abundantly secured. There are, how ever. contingent liabilities arising out of the endorsement of the paper of English houses. amounting in the aggre gate to nearly a million dollars: but the extent of this liability cannot be yet ascertained. Some of these houses have already gone down in the financial difficulties on the other side, and some weeks must necessarily clapse before the precise extent of the liability of the bank in this respect can be ascertained. in the meantime nothing de finite is known as to the purpose of the stockholders, but the desire and intention is very generally expressed of resuscitating the institution with a paid up capital of about a million dollars The charter is, doubtless, as we have before indicated, quite valuable. The shares sold yesterday at 11/2. The Boston Traveller furnishes the following information from the Lake Superior copper mines:The news from the "Toitec" and "Adventure" is very encouraging. Both will probably make paying mines, at ter all. The former is paying its way with a moderate force. and turning out considerable masses now and then. The latter, we perceive by the annual report, with 10,000 shares. has $11 cash in hand. A sale of 40 000 pounds refined ingot copper for shipment is reported in New York at 20% to 21 cents. From what we can learn the Minne soth assets are sufficient to pay every dollar of its indebt edness next March: thus leaving Jan. about two mil-

21. 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.