Bank of Cincinnati - Cincinnati, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 8, 1857
Location: Cincinnati, Ohio (39.103, -84.515)

Metadata

Model: gpt-5-mini
Short Digest: fe0c9ced

Response Measures

None

Description

The article (1857-09-08) lists the Bank of Cincinnati among banks that 'had failed' in the broader account of Treasury/financial distress during the 1857 crisis. The text does not describe a depositor run specific to this bank, but reports failure/closure alongside other banks during the Panic of 1857 — thus classified as a suspension/closure (permanent failure). OCR errors in the clipping were corrected (e.g., fragmented phrases).

Events (1)

1. September 8, 1857 Suspension

Cause: Macro News
Cause Details: Listed among banks that failed during the 1857 financial disturbances (Panic of 1857); article reports aggregate failures rather than a bank-specific insolvency narrative.
Newspaper Excerpt: the Commercial Bank W. the states Bank of Cincinnati, and & Cones City Co.'s had failed with an aggr
Source: newspapers

Newspaper Articles (1)

1. September 8, 1857 Meigs County Telegraph Pomeroy, OH

Article from Meigs County Telegraph, September 8, 1857

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Article Text

is yet outstanding $80,000 Treasurer of his of In the gross certificates, There held by_ the receipts Hamilton included County. the redemption fund of I the have Canal Bank of Cleveland. I am, respectfully. W. H. GIBSON, Treasurer." statement of the condition the of Joint the In a submitted by him December to last, Treasury on the 15th excluCommittee due from Mr. Breslin, $204, the balance " suspended debt" of which. sive of the said to be $6,390 92. willing it 536 65, is Mr Gibson was liable to was assume, understood and for which he was account. The first section prescribing of the not the duties suplementar relative to the act and Treasurer of State, Auditor disbursement and safe keeping for of the the receipt, public moneys and accounting them is as Treasurer follows : shall during the first and The of each month, make out ten days in at least two daily newspapers the city publish circulation. printed in the true n general an abstract exhibiting shall have Columbus, of the Treasury as it month condition the first day of the amount existed abstract on shall set forth the Columbus, which in the Treasury at Exchange, of money of drafts, bills of held by the the amount other evidences of debt of each, and specifying the amount with Treasurer, thereof, and when payable, accepdate of the makers, indorsers, of the name drawers thereof the of mothe and depositories amount tors, in the several which abdeposits belonging to the Treasury, oath of the ney be attested by the t Treasurer, stract shall or his principal accounting t S clerk." obedience to the provisions published of this In on the 9th of April last, a sworn section, of the Columbus papers was il in two which, with one exception, the condistatement, tolerably accurate exhibit time. of a tion of the Treasury at the d REVIEW OF DEPOSITION OF MR. GIBSON. e Gibson has appeared before In his us depo and n Mr. toan examination. he submitted which is hereunto appended, communications desition that all his official to have of clares to the payments alleged him were S, e e relative made by Mr. Breslin to n false, been and that he received but $303,8 from him. is not unjust to say that his made, present are S It is however solemnly sustained is declarations, entitled to any credit, unless of the of 11 not corroborated by the records the decla1and the testimony@hothers.org or se fice, rations and conduct of Mr. r'. GIBSON'S MOTIVES FOR CONCEALING BRES y LIN'S DEPARTATION. d G.'s) motives in making such were official His (Mr. communications, he states r, 10 1two-fold. He was of the sureties Bres of 1st. official Bond, and the exposure of the pecuniary were d defalcation lin' would involve ho ruin of himself and co-sureties, his friends and neighbors. C He thought that by concealing the the he fact 2d. of the defalcation he could secure amount due the State. nhe Whether his motives constitute a jusfor a breach of sworn official decide. duty ce we tification leave to another tribunal to ve he REVIEW OF EVIDENCE AGAINST BRESLIN. Mr g considering the evidence against mode in he In in order to illustrate the be on Breslin, business has been transacted seem which successive Treasurers, it assumed proper tween to go back to the time he on the duties of that office. C. Breslin in taking charge of a new the a Mr. in January, 1852, opened them the va Treasury, of books, transferring to to be du d set balances which appeared and sub he rious his predecessor, Mr. Bliss, there vs: from executed to him a receipt 18, sequently for, of which the following is a copy O.) fiiTREASURER'S OFFICE, d lat COLUMBUS, Oct. 20, 1852. S ds, Received of Albert A. Bliss, Esq. full of ifiof State, payment in Treasure al Ir. Treasurer charged against him as 12 70. balances books of this office, January has ivin the and indebtedness which date. ipt peared 1852, against him up to this J.G. BRESLIN, Treas. of State. ion on reading this receipt, had would ubon) Any supposed one that Mr. Bliss Suc par ee, have all the money due the State. false. over the fact ; the receipt was due from ved the There was not was a balance of $65,000 until moi Mr. which was not paid of than three years after its Bliss, response date. of 56, to a resolution the addresse Senat an In December, 1852, Mr. Breslin bod; is of official communication to that assertic nce which an is equivalent to a positive him all Mr. Bliss had paid over to ubso that funds belonging to the Treasury. Breslin hat public metives which induced Mr. this offici as execute The this receipt and make will notattem statement, His the undersigned acts were clearly calculate mi to divine. it is fair to presume, intended unfortuna to and deceive. It was an Tru the lead commencement and of an official career. rig which the people have of a the me to expect is a quality in official statements rer, sworn servants. of Mr. Breslin for the show fisc The ending report November 15th, 1855, that date year balance of $683,574 90 at report, a Treasury. In the same of Toled ?7 the that the Commercial Bank W. the states Bank of Cincinnati, and & Cones City Co.'s had failed with an aggr