17190. Cincinnati Bank (Cincinnati, OH)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
January 11, 1842
Location
Cincinnati, Ohio (39.103, -84.515)

Metadata

Model
gpt-5-mini
Short Digest
666f35fb

Response Measures

Partial suspension

Other: Mob violence broke into and destroyed bank fixtures and papers; eventual permanent closure/liquidation implied by later account.

Description

Multiple contemporary articles report a run on the Cincinnati Bank on Jan 11, 1842 and a notice posted that it suspended for twenty days. A violent mob ransacked the bank. A retrospective 1861 article states the bank closed in 1842, indicating the suspension led to permanent failure. Cause is linked to the failure/assignment of the nearby Miami Exporting Company Bank and public outrage against shinplaster banks.

Events (4)
1. January 11, 1842 Receivership
Newspaper Excerpt
The bank closed one day in 1842, leaving the people minus several hundred thousand dollars ... they assembled around the bank, disembowelled it, and made a dividend on the spot, each taking what he could grab. But this did not redeem the notes of the Cincinnati Bank. Consequently, they remained in the hands of the people ... One day last week they suddenly rose to par.
Source
newspapers
2. January 11, 1842 Run
Cause
Local Banks
Cause Details
Run began after the Miami Exporting Company Bank refused payment/closed; public outrage at 'shinplaster' banks triggered heavy withdrawals and a mob.
Measures
Bank posted notice that it had suspended payments for twenty days; attempted to close doors and protect premises.
Newspaper Excerpt
a run was commenced upon the latter, when a notice was posted upon the door in the following words- 'This bank has suspended for twenty days.'
Source
newspapers
3. January 11, 1842 Suspension
Cause
Local Banks
Cause Details
Suspension announced contemporaneously with the run after Miami Exporting Company Bank's failure and market refusal of its paper.
Newspaper Excerpt
This bank has suspended for twenty days
Source
newspapers
4. * Other
Newspaper Excerpt
the destruction of the fixtures of the Cincinnati Bank ... its fixtures, books and papers, were scattered through the streets, and the forcing of its vaults attempted. ... the mob had undisputed possession of the ground and worked with deliberation.
Source
newspapers

Newspaper Articles (13)
1. January 15, 1842 Wheeling Times and Advertiser Wheeling, WV
Article from Wheeling Times and Advertiser, January 15, 1842

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sage of Jun. 1°. OF VIOLENCE AGAIN IN CINCINNATI This city has been the scene of another Mub, of most violent and disgraceful character. I: commenced yesterday immediately after breakfast. and con. timed the greater part of day compassing in this time the destruction of the fixtures of the Citreinnati Bank, the Miami Exporting Bank, the Exchange Bank, and Longee's Brokerage, with most of the books, evidences of debt, and papers of each. The Miami Exporting Company exhausted all its means day before yesterday; and closed its doors before the usual time. Yesterlay it did not open.The Cincinnati Bank opend. bat soon fonad it could not possibly stand the "run" upon it, and posted up a notice that it had "suspended for twenty days. This done, an effort was made to elo-e the doors, but failed owing to opposition from without, and in a few minutes its ofliee W 18 taken possession of by the holders of Stabills. Violence commer ced almost immediately, and by half past nine is Lick its fixtures, books a d papers, were scattered through the streets, and the forcing of its voultsattempted. By this time the crowd had greatly encreased in size, and a few bold hands forced the door of the Miami Exporting Company. The win lows of this house wereinsiantly is illered down.its fixture pitched into the streets, and such of its books and papers ashad-not been removed. destroyed. Its vault was then forced, and its contents, com; bosed in parto de faced bills. and a little overtwelve hundred dullars in specie, made away with. There was at this time some cessation of violence; and a vigorous effort was made by the Sheriff, with the Protection squad of the Fire Companies. and ten members of the Citizens Guards under Captain Mitchell, to quell the disturbances, and disperse the mob. Captain Mitchell marched gailantly into the dense mass, now numbering several thousand persons, and as well supported by the small portion of his company that was with him. The Protection Company followed and look position in front of the Exchange Bank, which was threatened, but warded offattack by con inning to reddem. Captain Mitch ell Will so a resisted in his alleapts to preserve the remaining effects o the Cineianati and Miami Ex porting Company Banks from destruction. an GOM pelled to fire. On man was very severely wounded. and two or three others slightly. About the same time the Protection Company exchanged blows with that part of the mob which was pressing upon the Exchange Bank,and knocked several of them down It was soon foand. however, that the force opposed to the mob was entirely too small to offer anything like a successful resistance, and it was drawn off by the Sheriff Efforts were now made by scine of our oldest and most respected citizens, to disperse the crowd. by addressing it en masse, and appealing to those com posing it individually. Thesew ere entirely unsuecessful, and some of those who thus exerted them eives were much maitreated. AI the request of the Sheriff, Judge Este read the riet act and the Sher iff himself addressed the crowd. But all was unaviling. A rush was made for the Exchange Bink-(which had been redeeming its owa paper but refused to redeem the notes of the West Unio (broken) Bank. with which Mr Bates had formerly been connected)-it was violently assailed, and SUG. ridiled as completely as the others had been. The mob had now undisputed possession of th ground. and worked with deliberation. Being through with the Exchange Bank it crossed over the Sire to the Broker's Shop of Mr Lougee, who has lon been obn xious, through his costection with the checks of Otis, Arnold and Company. and other shinplasters. This was deliberately broken open and its contents scattered about and distroyed, a had been those of the three tanks The Mechanics' and Traders' Bank was run upon throughout the day. but redeemed all of paper that was presented-much of it with bankable finds. It was threatened, and after the destruction of Lougee's office surrounded by a fun us populate but escaped. Is flicers had it.e good judgment 1. keep it open after regluar hours. By doing this, an redeeming readily to the las it was saved. A number of brokers, for real or supposed con nection with Shinplaster Manufac ories hertofor were threatened, but not molested. Soon afte dark. the mob had dispersed; and by sixo'clock th the streets were clear and quiet. In the course of the day, seven or di ht arrest were made. These,however, were chile ly of per sons found with money or other effects of the Ban in the mob, or active participators in the outrages Baltimore may now hide her diminished head Cinemati is, beyend any competitor, entitled It the appellation of Mob City.

2. January 18, 1842 The New York Herald New York, NY
Article from The New York Herald, January 18, 1842

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Great Bank Rlot In Cineinnati--Four ShillPlaster Banks Torn Down-Termile State of Things, We have just received, by our letters and papers from Cincinnati, an account of a terrible Bank riet in Cincinnati, and the destruction of four Shin Plas ter Banks, with the calling out of the military, and the consequences of the riot. The causes of this sudden outbreak are detailed at length in the annexed letters and extracts. This is but the commencement du fin, in the ras cally, swindling, cheating, shaving, shinplaster banking skin, red dog and crack er currency of the present age. We deprecate mobs- and emoutes of all kinds- but the indignation of a cheated people cannot stand every thing The country has been cheated too long by these shinplaster concerae. We have done all that man could do, to-preserve this city from the frauds of a disreputable currency-from being shaved by such concerns as the Jacksonville Bank-the Montreal Union Bank-th Old Town Bank-: Ulster Bank, and similar institutions- and we believe we have succeeded, and thus preserved public order in New York. In Cincinnati and other cities, 2: reereant press has permitted these financiers to erect their shops, and to grow to a crisis that leads to such deplorable outbreaks we have to record to-day. Protect all honest banks-batdown with all sha ving concerns. [From the Cincinnati Enquirer.] CINCINNATI Tuesday Jan. 11, 1842 Miami Exporting Company Bank Cincin. nati Bank-Great Excitement, Riot, dsc. The Miami Exporting Company Bank, yesterday refused payment of its paper, and closed its doors before the usual time of closing business for the day This morning the paper of that and the Cincinnat Bank was retuked in market. The former remain ed closed and run was commenced upon the latter. when notice was sted upon the door in the following words- This bank has suspended for twenty days An effort was multaneously made to close the doors of the bank, but the crowd, which had become by this time, large, prevented and rushed, demanding redemption of their paper. The persons in the Bank, fearing for their own personal safety, and finding it impossible to with stand the themse leaving the premises altogether in possession of the crowd, which was constantly increasing both in numbers and excitement. The furniture, counters, &c., of the con cern were now laid hold of and thrown into the street, where they were mostly broken up We saw one individual with the top of a book case on his shoulder and a couple of chairs in his hand. moving off Being asked if he had got enough to make him whele he replied 'yes,' he supposed so Papers, vouchere, blanks, books, &c. were torn in pieces, and trampled under foot, with degree of excite. ment and indiscretion which nothing but a sense of deep wrong could have caused. At this moment, (half past nine) an effort is being made to break into the vault or safe. The crowd is large and under great excitement The Sheriff, Mr Avery, went into the midst and made an effort to be heard, but he was picked up and carried into the street The Miami Exporting Company Bank, standing only two doors above, is barred and bolted, and some wag has written OR the door, poor old cow. Lougee, upon the opposite corner, has shut up, from apprehension, as many say, of violence-others from inability to pay. The Exchange Bank is open and paying. TEN O'CLOCK The crowd having completely riddled the Cincinnati Bank, broke in the doors the Miami Exporting Company, and took it through a similar process. The mass of the excited people has been steadily increasing. Main street from Third half way up to Fourth, is literally blocked up, and there are many at the corners of Third. The Miami Exporting Co concern, we presume had little of value left in it by the managers Its books and other valuables had most likely been removedof specie and other bank paper there was probably no occasion for removal We saw blank checks, &c. &c. thrown out and sent flying through the air; but they were all blank-bubbles merely The Exchange Bank 18 still open, and paying We learn that demands have been made of Mr Bates at this Bank, for the redemption of West Union paper,- which have been complied with per force. The police and constables have made some efforts to quell the disorder, but whether any persons have been arrested, we are unable to say We hear no sympathy expressed in behalf of the sufferers, among the bystanders.- The public mind is 80 completely outraged by the fraud and plunder of worthless banks, that even violence and riot is looked upon the lesser evil. This is truly a deplorable state of things. 12 O'CLOCK.-An effort has been made to disperse the crowd by reading the riot-act, and otherwise in ducing them to disperse. So gr at was the clamor and confusion, however, that the attempt utterly failed, and those engaged in it were compelled to leave the ground, having been somewhat roughly handled A portion of the Citzien's Guards, Military Company, having paraded, were led with a few fire men to the place, and took possession of the buildings after some resistance. Blows were freely exchanged with the crowd, and several shots fired by the military It is stated that one man has been shot. The alarm of fire IS now being sounded-we persume to bring the whole of the fire corps together. Such are the deplorable consequences of the fraud and wrong that the whole community have suffere by means of shinplasters In the excitement of loss and suffering, the laws are trampled under footproperty is destroyed, and perhaps life lost. We much fear that the end IS not yet We earnestly entreat the good people who may havebeenconcerned in these disorderly proceedings todesist-to regard the laws- to respect the authorities-to retire peaceably to their homes. and set their faces, like good citizens, against further transgressions of order, as well by means of the issuing of ehinplasters as the resort to violence in their sup pression. What is gained by such proceedings implore every reasoning individual to put this question himself The property, books. and vouchers of these banks have, to a greatextent, been destroyed it may be utterly impossible, in consequence, for them to pay any portion of their notes: whereas, something might have been realized Blows, wounds, have been infleted, WHAT HAS BEEN GAINED! Admit that you have been wronged, defrauded, outraged,-a you redressing yourselves ? Are you righting your injuries by these means Are you not rather destroying the protection of your own property-the protection of the laws, and giving countenance and support to a spirit that regards neither property, law, nor life We have penned the above paragraphs in haste At this time (one o'clock) it is ascertained that one man has had his leg broken, and one or two others slightly wounded-noo killed It is stated that the crowd have possession of the buildings The Exchange Bank has been taken posses of and completely riddled, after the fashion of the others Ve have not learned whether it had stopped payment or not. The Mechanics' and Traders Bank still continues payment. It is said to have but little paper Attempts are being made to get out strong force of the military and disperse the crowd, but such is the feeling among those who compose the military, that we know not how it IS to be done. Apprehensions are expressed of further violence tonight, which we trust may prove unfounded At present, however, the multitude appear to have complete control. HALF-PAST ONE The office of Lougee & Co. has been broken open and gutted. The crowd has

3. January 18, 1842 The Daily Madisonian Washington, DC
Article from The Daily Madisonian, January 18, 1842

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From the Cincinnati Republican, Jan. 12. TERRIBLE EXCITEMENT-OUR CITY AGAIN DISGRACED. During the whole day yesterday a portion of our city was in the possession of a mob, brought on by the failure of some of our small note shops. As the whole scene was in the neighborhood of our office, we noted the facts as they occurred, as accurately as we could in such a state of excitement and confusion. On Monday evening it was announced that the Miami Bank had made an assignment and would be closed on Tuesday. Early in the morning of Tuesday, an immense crowd assembled in front of the bank, which is very near the room occupied by the Cincinnati Bank. Upon the door of the latter was a notice that it would be closed for twenty days, after which time it would redeem its paper. This caused great excitement-the exasperated crowd increased, and about nine o'clock a mob broke open the doors and found that every thing had been removed except the desks and counters-these were broken and thrown into the street. After they had done all the damage they could there, they broke into the Miami Bank, and while we are writing, (at half past eleven,) are destroying its contents. There are thousands in the streets spectators. The run upon Bates, whose office joins the Miami Bank, is immense. Every man who has a dollar of the Exchange Bank paper is crowding in with it. Thus far he continues to redeem. The crowd are endeavoring to compel him to redeem the West Union issues, and several have succeeded. If this is continued, of course he must suspend, and in the present state of excitement there is no telling what would be the consequence. Lougee's office is on the opposite corner from Bates, and is closed. We presume he has escaped only because attention has not yet been directed towards him. The mob is disgraceful to our city. Such scenes and such transactions bring a lasting disgrace on our city, and every recurrence of them renders the law less effective in the protection of life and property. Quarter past 12.-The riot still continues. The sheriff is out on horseback trying to disperse the crowd. Some of the firemen are out in uniform for the same purpose. The mob are still trying to break open the vault of the Miami Bank. Half past 12.-They have succeeded and scattered the books and papers in the streets. Some twelve or fifteen of the Citizens' Guards made their appearance at the Mayor's office in uniform. They were formed and marched with fixed bayonets through the crowd in front of the banks and Bates' Exchange Office. The mob retreated a short distance, but commenced an assault upon the military, and the few members of the Protection Fire Company who had followed them, with brickbats aud clubs. The captain fired a pistol, and we understand wounded very severely in the leg one who had assailed him. This caused an increase of the violence of the mob

4. January 19, 1842 Daily Richmond Whig Richmond, VA
Article from Daily Richmond Whig, January 19, 1842

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took in place that City. From the Cincinnati Republican, January 12. TERRIBLE EXCITEMENT-OUR CITY AGAIN DISGRACED During the whole day yesterday a portion of our City was in the possession of a mob, brought on by the failure of some of our shinplaster shops-as the whole scene was in the neighborhood of our office, we noted the facts as they occurred, as accurately as we could in such a state of excitement and confusion. On Monday evening it was announced, that the Miami Bank had made an assignment and would be closed on Tuesday. Early in the morning of Tues" day, an immense crowd assembled in front of the bank, which is very near the room occupied by the Cincinnati Bank. Upon the door of the latter was a notice that it would be closed for 20 days, after which time it would redeem its paper. This caused great excitement-the exasperated crowd increased, and about 9 o'clock a mob broke open the doors and found that every thing had been removed except the desks and counters,-these were broken and thrown into the street. After they had done all the damage they could there, they broke into the Miami Bank, and while we are writing, (at 1/2 past 11,) are destroying its contents. There are thousands in the streets, spec. tators. The run upon Bates, whose office joins the Miami Bank, is immense. Every man who has a dollar of the Exchange Bank paper is crowding in with it. Thus far he continues to redeem. The crowd are endeavoring to compel him to redeem the West Union issues, and several have succeeded If this is continued, of course he must suspend, and in the present state of excitement, there is no telling what would be the consequence. Lougee's of fice is on the opposite corner from Bates,' and is closed. We presume he has escaped only because attention has not yet been directed towards him. The mob IS disgraceful to our city, but there is a : point beyond which people will not submit to the swindling operations of these shinplaster shops. They must be driven from among us by some means. The law has proved ineffectual-Laborers and others find themselves every day or two with their pockets filled, with this trash, and yet unable to buy marketing for their families. We think "the end is now" of shin plasters. We have always warred against them, but our advice has not been heeded. No matter what may be the object, such scenes and such transactions bring a lasting disgrace on I our city, and every recurrence of them renders the $ liw less effective, in the protection of life and pro. periv. e Quarter past 12-the riot still continues. The sher if is out on horseback, trying to disperse the crowd. Some of the firemen are out in uniform for the same purpose. They also are still trying to h break open the vault of the Miami Bank. Half past 2-they have succeeded and scattered the books and papers in the street. Some 12 or 15 of the Citizens' Guards made their appearance at t the Mayor's office in uniform. They were formed ) and marched with fixed bayonets through the crowd in front of the Banks and Bates' Exchange Office. The mob retreated a short distance, but Z commenced an assault upon the military and the few members of the Protection Fire Company, who . had followed them, with brick-bats and clubs. r The Captain fired a pistol, and we understand wounded very severely in the leg, one who had as. e sailed him. This caused an increase of the violence of the mob . --brick bats and clubs flew more rapidly at the mil. r itary and firemen; several of the firemen stood their ground manfully for a short time. We saw one of , them break his staff over the head of an assailant. 8 The military were ordered to fire, which many of e them did as they were retreating in order towards I the Mayor's office. The guns must have been I charged with blank catridges, because they were fired directly into the crowd. and we have not been I able to learn certainly that any one was injured by e them. We did hear that one man was wound ed in the head, and another in the face, with shot, but could notlearn certainly that this was the 3, care. , The military and firemen retreated to the Mayor's y office, where upon consulting with the Sheriff, it

5. January 20, 1842 Richmond Enquirer Richmond, VA
Article from Richmond Enquirer, January 20, 1842

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frauded,----- you redressing yourselecy? Are you righting your injuries by these means? Are you not of rather destroying the protection of your own property -the protection of the laws,-and giving countenance e and support to a spirit that regards neither property, law nor life? y We have penned the above paragraphs in great haste. At this time, (one o cleck) it is ascertained that one man had his leg broken, and one or two others slightly wounded-no one killed. It is stated that the crowd have possession of the buildings. The Exchange Bank has been taken possession of, and completely riddled after the fashion of the others. We have not learned whether it had stopped payment or not. The Mechanics and Traders Bank still continues payment. It is said to have but little paper out. Attempts are being made to get out a strong force of the military, and dis. perse the crowd; but such is the feeling among those who compose the military, that we know not how it is to be done. Apprehensions are expressed of further violence to-night, which we trust may prove unfound. ed. At present, however, the multitude appear to have complete control. Half-past ne.-The Office of Lougee & Co., has been broken open and gutted. The crowd has much increased, both in numbers and excitement. We earnestly hope that here this violence may be stayed. Whether such will be the case or not, remains to be seen. An exceedingly angry spirit has been caused by the ill-advised attempts to suppress the disturbance by military force. The military, we hear, were compelled to leave the ground, and made to take refuge in the Mayor's office. We must here close our account of these unhappy proceedings, as the paper must go to press. Pray God we may not have worse consequences to record to-morrow. [From the Cincinnati Daily Message, January 12.1 MOB VIOLENCE AGAIN IN CINCINNATI This city has been the scene of another Mob, of a most violent and disgraceful character. It commenced yesterday immediately after breakfast, and continued the greater part of the day, compassing in this time the destruction of the fixtures of the Cincinnati Bank, the Miami Exporting Bank, the Exchange Bank, and Lougee's Brokerage, with most of the books, evidences of debt, and papers of each. The Miami Exporting Company exhausted all its means d before yesterday, and closed its doors before the usual time. Yesterday morning it did not open. The Cincinnati Bank opened, but soon found that it could not possibly stand the "run' upon it, and posted up a notice that it had "suspended for twenty days. This done, an effort was made to close the doors, but failed, owing to opposition from without, and in a few minutes its office was taken possession of by the holders of its bills. Violence commenced almost immediately, and by half past nine o'clock its fixtures, books, and papers, were scattered through the streets, and the forcing of its vaults attempted. By this time the crowd had greatly increased in size, and a few bold hands forced the door of the Miama Ex porting Company. The windows of this house were instantly battered down, its fixtures pitched into the streets, and such books and papers as had not been removed, destroyed. Its vault was then forced. and its contents, composed in part of defaced bills, and a little over twelve hundred dollars in specie, made way with There was at this time some cessation of violence: and a vigorous effort was made by the Sheriff with the Protection squad of the Fire Companies, and ten meinbers of the Citizens Guards under Captain Mitchell, to quell the disturbances, and disperse the mob. Capt. M. marched gallantly into the dense mass, now numbering several thousand, and was well supported by the small portion of his company that was with him. The Protection Company followed, and took position in front of the Exchange Bank, which was threatened, but warded off attack by continuing to redeem. Captain Mitchell was soon resisted in his attempts to preserve the remaining effects of the Cincinnati and Mia. mi Exporting Company Banks from destruction, and compelled to fire. One man was very severely wounded, and two or three others slightly. About the same time the Protection Company exchanged blows with that part of the mob which was pressing upon the ExIt change Bank, and knocked several of them down. was soon found, however, that the force opposed to the a mob, was entirely too small to offer any thing like successful resistance, and it was drawn off by the she. riff Efforts were now made by some of our oldest and most respected citizens, to disperse the crowd by ad. dressing it en masse, and appealing to those composing it individually. These were entirely unsuccessful, and some of those who thus exerted themselves were much maltreated. At the request of the Sheriff, Judge Este read the riot act, and the Sheriff himself addressed the crowd. But all was unavailing. A rush was made for the Exchange ank--(which had been redeeming its own paper, but refused to redeem the notes of the West Union (broken) Bank, with which Mr. Bates had formerly been connected)-it was violently assailed, and soon riddled as completely as the others had been. The mob had now undisputed possession of the ground, and worked with deliberation. Being through with the Exchange Bank, it crossed over the street to the Broker's Shop of Mr. Lougee, who has long been obnoxious, through his connection with the checks of Otis, Arnold and Company, and other shinplasters.This was deliberately broken open, and its contents scattered about and destroyed, as had been those of the three banks. The Mechanics and Traders' Bank was "run" upon throughout the day, but redeemed all of its paper that was presented-much of it with bankable funds. It was threatened, and after the destruction of Lougee's office surrounded by a furious populace, but escaped. Its officers had the good judgment to keep it open after regular hours. By doing this, and redeeming readily to the last, it was saved. A number of brokers, for real or supposed connection with Shinplaster Manufactories heretofore, were threat ened, but not molested. Soon after dark, the mob had dispersed; and by six o'clock the streets were clear and quiet. In the course of the day, seven or eight arrests were made. These, however were chiefly of persons found with money or other effects of the Banks in their possession, and not of the ringleaders of the mob, or active participators in the outrages. Baltimore may now hide her diminished head. Cincinnati is beyond any competitor, entitled to the appellation of Mob City. At held in the Clerk's

6. January 20, 1842 The Ohio Democrat New Philadelphia, OH
Article from The Ohio Democrat, January 20, 1842

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CITEMENT-RIOIS & The Miami Exporting Company Bank and yes- clorefused payment of its paper, terday its doors before the usual time of the closing pased for the day. This morning was re" business of that and the Cincionali Bank closper in market. The former remained the latter, was commenced on door in a run was posted upon the when a words- This Bank has ed and fused notice simultaneously suspended the following days.' An effort was but the for 20 the doore of the bank, large, made to which close had become by this tim; redempcrowd, prevented and rushed in, demanding lion of their paper. in the Bank, fearing for their safety, and finding it own the run,-run The withs and personal persons themselves, possession impossible leav- of to premiees altogether in increasing, ing the which was constantly The furnithe crowd, in numbers and excitement. were now both counters, Esc., of the concern ture, of, and thrown into the street, one laid hold broken up. We where in- his were mostly of A book case on with the top of chairs in his shoulder, they dividual and couple enough hand, off. Being a asked if he had got he supmoving him whole, he replied 'yen. books, to make so,' Papers, vouchers, blanks, under posed term in pieces, and trampled and india&c. were with a degree of excitement of deep foot, which nothing but a sense moment, cretion could have caused. At this break into the wrong an effort is being crowd made is to large, (half past nine,) vault of safe. The The sheriff, Mr. and under great excitement. the midst, and made an carried effort Avery, went but into he was picked up and Com to be heard, The Miami Exporting above, is into the Bank, street. standing only two doors has written pany bolied, and some wag upon barred and "poor old COW. Lougee, from inability to pay. the on the opposite door, The corner, Exchange has shut Bank up, is open and paying. - The crowd having in completely the doors 10 O'CLOCK. the Cincinnati Bank, broke and took riddled of the Miami Exporting Company, The mass of exthrough a similar has been process. steadily increasing. Fourth, Main is street, literally cited people from blocked Third Thurd. up, half and The way there Miami up are to many Exporting little at the of corners of concern, we presume, had Its books Company in it by the managers. been other valuables had most bank paper there value and moved.-of specie left and other likely removal. and We rew probably no occasion for thrown out sent flying saw was blank checke, through &c., the air; &c., but they were all blank-bubbles The Exchange merely. bank demande is still have open, been and made paying-Welearn that Bank, for the redemption comof Mr Bates Union at paper-which this have been and conof West force. The police quell the plied, with per made some efforts to have been sympathy The stables arrested, disorder, have we but expressed are whether unable in any behalf to persons say. public of the We mind sufferers, hear is no so among the bystanders. by the fraud and plunder riot completely outraged even violence and worthless banks, that evil. This is truof looked upon as the lesser things. ly is a deplorable state effort of has been made act, and to disperse 12 O'CLOCK-An the crowd by them reading to the disperse. riot So otherwise inducing clamor and confusion, those however engreat that the was in attempt it the were utterly compelled failed, roughly to leave and handled the ground A gaged having been of the somewhat Citizen's Guards,' were led, Military with a having and took possession few firemen after sume the crowd, position Company, building to the paraded, place resistance. Plows and of the exchanged with It is stated were freely fired by the military. alarm of fire several that one shots man sounded-we has been shot. presume The to bring the is now whole being of the the fire deplorable corps together- consequences whole communi- of is Such are and wrong, that the of shinplasters. ty the have fraud suffered, by of 1088 the means and suffering, fear the that the end is not yet. laws In the are excitement trampled under foot. We much who people We earnestly concerned entreat the in good these disorderly lawsproceedings, may have been to desist-19 regard retire the peaceably to respect the authorities--to further transgressions of shinplasters of order citizens, against of the issuing as well by means to violence in their suppression. We as to resort gained by such proceedings? put this What is every reasoning individual property, to books and to these banks have, to a been them to pay vouchers question implore tent, of destroyed; himself. it The for may be u'terly great ex- any por- impos- might sible, in consequence, whereas, something been tion of their notes; Blows. wounds GAINED? have inflicted.- have been realized. WHAT HAS BEEN wronged, defrauded that you have been Are you not Admit redeeming yourselves? of your own rather --are you destroying the protection of the laws --and

7. January 25, 1842 Rutland Herald Rutland, VT
Article from Rutland Herald, January 25, 1842

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from Cincinnati, an account of a terrible Bank riot Cincinnati, and the destruction of four shin-plaster the banks, in with the calling out of the military, and sudden of the riot. The causes of this letters outbreak consequences are detailed at length in the annexed and extracts.-[Boston Times. From the Cincinnati Enquirer. CINCINNATI, Jan. 11, 1842 Miami Exporting Company Bank-Cincinnati Bank-Great Excitement, Riot, & The Miami exporting Company Bank yesterday berefused payment of its paper, and closed its doors day. fore the usual time of closing business for the This morning the paper of that and the Cincinnati bank was refused in market. The former remained when and a run was commenced on the latter, closed, notice was pasted upon the door in the following a This Bank has suspended payment for An effort was words twenty days." close simultaneously crowd, which made the doors of the bank, but the and had to become by this time large, prevented it, rushing in, demanded redemption for their paper. The persons in the Bank, fearing for their own safety, and finding it impossible to withstand altopersonal run themselves, leaving the premises in of the crowd, was both in numbers stantly the gether run, increasing possession which and excitement. concounters, &c. of the concern were hold of and thrown into the street, now they were mostly broken up. We saw one The laid furniture, individ- where and ual with the top of a book case on his shoulder couple of chairs in his hand, moving off. Being a asked if he had got enough to make him whole, he replied "yes" he supposed so. Papers, vouchers, blanks, books. &c., were torn in pieces and trampled indiscreunder foot, with a degree of excitement and could which nothing but a sense of deep wrong tion At this moment, (half past one) an efmade to break into the or is and under great fort have The is crowd caused. being large excitement. vault made safe The Mr. Avery, went into the midst and carried an effort Sheriff, to be heard, but he was picked up and into the street. The Miami Exporting Company Bank, standing two doors above, is barred and bolted, and some Louhas written on the door, "poor old only wag upon shut cow." from the opposite corner, has up, from apgee, prehension, as many say, of violence-others, and inability to pay. The Exchange Bank is open paying Ten o'clock.-The crowd having completely rid- the dled the Cincinnati Bank, broke in the doors of a Miami Exporting Company, and took it through similar process. The mass of excited people has been increasing. Main street, from Third to Fourth, is literally up, are at the corners of there half way steadily many up Third. blocked The had little and Miami Exporting Co. concern, we presume, and of value left in it by the managers. Its books other valuables had most likely been removed-o specie and other bank paper, there was probably no occasion for removal. We saw blank checks, &c. &c. thrown out and sent flying through the air; but they were all blank-bubbles merely. Exchange Bank is still open and paying.that demands have been made at for the redemption of We this The learn bank, West of Union Mr force.- Bates pahave been complied with per and constables have some per-which The police made efforts have to the disorder, but whether any persons we are unable to say, in behalf of the among sympathy been quell arrested, expressed sufferers, We completely hear no the The public mind is so the fraud and plunder of outraged. bystanders. by worthless banks, the that even violence and riot is looked upon as lesser evil. This is truly a deplorable state of things d'clock.-An effort has been made to disperse the riot act, and them to disperse. So great was ducing the 12 crowd by reading otherwise the clamor fail- inand however, that the attempt utterly and those in it were having been somewhat ed, confusion, engaged compelled roughly handled. to leave A of the Citizen's Guards, compawere led with a few to the portion ground, having paraded, military firemen after ny, the place, and took possession of the buildings with some resistance. Blows were freely exchanged the crowd, and several shots fired by the military. It is stated that one man has been shot. The alarm of fire is now being sounded-we presume to bring the whole of the fire corps together. Such are the deplorable consequences of the fraud and wrong that the whole community have suffered loss by means of shinplasters. In the excitement of footand suffering, the laws are trampled under We property is destroyed and perhaps life lost. much fear that the end is not yet. entreat the good people who may been concerned in these disorderly the laws- -to respect have desist-to We earnestly regard proceedings the authorito their homes, set like citizens against faces ties-to retire good peaceably farther transgression and of shin- their of as well as by means of the issuing as the resort to violence in their is by such proceedings? individual to put plasters What order, gained this suppression We question implore to The property books, and to a great extent, been every himself. reasoning destroyed; vouchers of it these may impossible, in consequence, of their notes: pay be banks utterly any have, portion whereas wounds for something them to have been realized. Blows and has been gained? might been inflicted-what outraged-are Admit have that been wronged, defrauded, you yourselves? Are you your you these means? Are you not deinjuries redressing have by righting rather the protection of your own property-the protection stroying of the laws-and giving countenance law, nor life? support to a spirit that regards neither property, Half past One-The office of Lougee & Co. much has broken open and gutted. The crowd has We been both in numbers and excitement. increased, earnestly hope that here this violence may be stayed

8. January 26, 1842 Edgefield Advertiser Edgefield, SC
Article from Edgefield Advertiser, January 26, 1842

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From the Cincinnati Enquirer. Jan. 11. Miami Exporting Company Bank - Cincinnati Bank-Great Excitement, Ri. of, &c. The Miami Exporting Company Bank yesterday refused payment of its paper, and closed its doors before the usual time of closing business for the day. This morning the paper of that and the Cincinnati Bank was refused in market. The former remained closed, and a run was compenced upon the latter, when a no tice was posted upon the door in the fullowing words: "This bank has suspen. ded for twenty days." Aneffort was simultraneously made to close the doors of the bank, but the crowd, which had become by this time large, prevented and rushed in. demanding redemption of their paper. The persous in the bank. fearing for their own personal safety, and finding it impossible to withstand the run, run themselves. leaving the premises altogether in possession of the crowd, which was con stantly increasing both in numbers and excitement. The furniture, counters. &c. of the concern were now laid hold of, and thrown into the street. where they were mostly broken up. We law one individual with the top of a book-case on his shoulder and a couple of chairs in his ha id, moving off. Being asked if he had got enough to make him whole, he replied "yes, be supposed so." Papers, vouchers, blanks, books, &c. were torn in pieces,

9. January 26, 1842 The Camden Journal Camden, SC
Article from The Camden Journal, January 26, 1842

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From the Cincinnatti Enquirer, Jan. 11. MIAMI EXPORTING COMPANY BANKCINCINNATI BANK-GREAT EXCITEMENT, RIOT, &c. The Miami Exporting Company Bank, yesterday refused payment of its paper, and closed its doors before the usual time of closing business for the day. This morning the paper of that and the Cincinnati Bank was refused in market. The former remained closed, and a run was commenced upon the latter, when a notice was posted upon the door in the following words:This bank has suspended for twenty days." An effort was simultaneously made to close the doors of the bank, but the crowd, which had become by this time large, prevented and rushed in demanding redemption of their paper. The persons in the bank, fearing for their own personal safety, and finding it impossible to withstand the run, run themselves, leaving the premises altogether in possession of the crowd, which was constantly increasing both in numbers and excitement. The furniture, counters, &c. of the concern were now laid hold of, and thrown into the street, where they were mostly broken up. We saw one individual with the top of a book-case on his shoulder and a couple of chairs in his hand, moving off. Being asked if he had got enough to make him whole, he replied "yes he supposed so." Papers, vouchers, blank, books &c. were torn in pieces, and trampled under foot, with a degree of excitement and indiscretion which nothing but a sense of deep wrong could have caused. At this moment, (half past nine,) an effort is being made to break into the vault or safe. The crowd is large, and under great excitement. The sheriff, Mr. Avery. went into the midst, and made an effort to be heard, but he was picked up and carried into the street. The Miami Exporting Company Bank, standing only two doors above, is barred and bolted, and some wag has written over the door "poor old cow. Lougee, upon the opposite corner, has shut up, from inability to pay. The Exchange Bank open, and paying. 10 O'CLOCK.-The crowd having completely riddled the Cincinnati Bank, broke in the doors of the Miami Exporting Company, and took through a similar process. The mass of excite people has been steadily increasing. Main street from Third half way up to Fourth, is literally blocked up and there are many at the corner de Third. The Miami Exporting Company's con cern, we presume, had little of value left in t the managers. Its books and other valuable had most likely been removed; of specie and otl er bank paper, there was probably no occasic for removal. Wesaw blank ohecks, &o. throw

10. January 26, 1842 Jeffersonian Republican Stroudsburg, East Stroudsburg, Milford, PA
Article from Jeffersonian Republican, January 26, 1842

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GREAT RIOTS. mense Excitement in Cincinnati-Im- torn Great Mobs---Four Banks down. (From the Cincinnati Inquirer.) CINCINNATI, Tuesday, Jan. 11, 1842. Miami Exporting Company and Bank closed yesThe refused payment of its paper, busiterday before the usual time of closing of its doors for the day. This morning the refused paper in nesss and the Cincinnati Bank was and a that The former remained closed, when nomarket. commenced upon the latter, run was upon the door in the was This bank has suspended tice words- posted for following made twenty An effort was simulianeously crowd, to deys." the doors of the bank, but the prevented, close become by this time large their and which rushed had in, demanding redemption for paper. in the bank, fearing impossible for their The persons safety,and finding it leaving own withstand personal the run,-run themselves, crowd, which the to premises altogether increasing to both the in numbers &c., and of was constantly The furniture counters, thrown excitement. now laid hold of and broken the concern, street, were where they were mostly the top of a into the We saw one individual with couple of up. on his shoulder, and a asked book case in his hand, moving off. Being whole, he chairs enough to make him Papers, if replied-"Yes," he had got he supposed were so. torn in vouchers, blanks, books, &c., foot, with a degree pieces and trampled indiscretion under which nothing of excitement of deep and wrong could have effort c used. is but a sense moment, (half past nine,) rault an or safe. At this made to break into the excitement. being crowd is large, and under great into the midst The Sheriff, Mr. Avery, went but he was The an effort 10 be heard, street. The and made and carried into the Bank, standing Miami picked up Exportring Company barred and bolted, and only two doors written above, is on the door, " poor has old some wag has upon the opposite corner, say, of cow." violence-others, shut up, Lougee, from apprehension, from inability as to many pay. The Exchange o'clock.-The Bank is open crowd and having paying. completely into the 10 the Cincinnati Bank, broke riddled the Miami Exporting The mass doors 2 similar process. it of through Company, increas- and of took the Main excited street, people from has Third been steadily half and way there up are to ing. Fourth, is literally blocked of Third. up, The Miami Exmany at Company the corners concern, we presume, had lit- Its porting left in it by the managers. likely tle of value other valuables had most bank paper, books removed- and of specie, other for removal. been was probably no occasion thrown out there blank checks, &c. &c., they were and We saw sent flying through the air; but all ink-bubbles effort merely. has been made to and dis12 o'clock-An crowd by reading the riot act, So great otherwise perse the inducing and them confusion, to disperse. however, that in was the clamor failed, and those engaged the attempt to leave the A it were roughly handled. been somewhat compelled utterly ground, Company, portion having of Citizens' Guards," Military few firemen having the paraded, were led with a of the buildthe and took possession Blows were freely after some and several ings with the crowd, that one 10 exchanged place, resistance. It is stated shots man befired by the military. of fire is now has ing sounded-we been shot. The presume alarm to bring the whole of the fire-corps are the deplorable together. consequences community of the Such wrong that the whole In the raud and by means of shinplasters. laws are have suffered and suffering, the and irampled excitement under of loss foot, property is destroyed, perhaps life lost. One.--The office of Lougee The & Half-past been broken open and guited. in numbers crowd Co. has has much increased, both and excitement. Cincinnati Gazette of the following day. From the yesterday a hurried account are enabled of the We gave is quiet now, and we The Bank mob. All more fully what was done. Its vault was to state was riddled first. a great of Cincinnati and its books and papers trifing.- 10 broken open, But its loss was hand, extent destroyed. presume but little money worthless. on It had we paper was considered books were and its own came next. Its its The Miami was seized, and red offi- sabut its own paper amount was stolen, though and 3's cers say "a large are chiefly of 1,2, denominathe missing and notes sound notes of larger tell until their defaced, The loss they cannot discounted are tions." counted. The notes will not notes are presume the loss here exactly be very days. all safe. heavy, We though we shall know what Next it is came in a Bates. few He was He doing had Steadily so when redeem- the this mob did ed his paper. his office. But torn it, and his is he does not know. began nos appease its attack What upon his loss office was Lougee. literally His w pieces. this the mob moved upon in the day, After been closed since early effects moved. shop had and valuable doors and des. and But all the his mob money broke through and his than vigorously hig office

11. January 27, 1842 The Hillsborough Recorder Hillsboro, NC
Article from The Hillsborough Recorder, January 27, 1842

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From the Cincinnati Republican, January 12 TERRIBLE EXCITEMENT-OUR CITY AGAIN DISGRACED! During the whole day yesterday a portion of our ci'y was in the possession of a mob, brought on by the failure of some of our small note shops. As the whole scene was in the neighborhood of our oftice, we noted the facts as they occurred, as accurately as we could in such a state of excitement and confusion. On Monday evening it was announced that the Miami Bank had made an assignment and would be closed on Tuesday. Early in the morning of Tuesday, an immense crowd assembled in front of the bank, which is very near the room occupied by the Cincinnati Bank. Upon the door of the latter was a notice that it would be closed for twenty days, after which time it would redeem its paper. This caused great excitement-the exasperated crowd increased, and about nine o'clock a mob broke open the doors and found that every thing had been removed except the desks and counters-these were broken and thrown into the street. After they had done all the damage thev could there, they broke into the Miami Bank, and, while we are writing, (at halfpast eleven,) are destroying its contents. There are thousands in the streets spectators. The run upon Bates, whose office joies the Miami Bank, is immense. Every man who has a dollar of the Exchange Bank paper is crowding in with it. Thus far he continues to redeem. The crowd are endeavoring to compel him to redeem the West Union issues, and several have succeeded. If this is continued, of course he mustsuspend, and in the present state of excitement there is no

12. January 29, 1842 Lexington Union Lexington, MS
Article from Lexington Union, January 29, 1842

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more of the 11th inst., which contains the fullowing. Miami Exporting Company Banknati Bank-Great Excitement, Riot, &c. The Miami Exporting Company Bank yesterday refused payment of its paper, and its doors before the of business for closed the day. usual This time the paper of that and morning closing market. the Cincin- The nati Bank was refused in former remained closed, and a run was commenced uson the latter, when a nonice was posted upon the door in the fol. words-" This bank An effert was for twenty days." lowing has suspended simulta. made to close the doors of the but the crowd which had by neously bank, become rushed in, this time large, prevented and demanding redemption of their paper. The persons in the Bank, fearing for own safety, and it their personal "run"-run finding impossible to withstand the leaving the premises altogeth. of the crowd, was themselves, er in possession numbers which & constantly increasing both in excitement. The furniture, counter's, &c. of the concern were now laid hold of and into the street, where they were broken up, We saw an thrown mostly individual shoulder with the top of a bookcase on his and a couple of chairs in his hand, moving off. Being asked it he had got enough to make him whole, he replied "yes, be supposed so." Papers, vouchers, blanks, were torn trainunder foot, with a degree books, pled &e, to pieces, and of excite- but and indiscretion sense of wrong could ment a deep which have nothing caused. effort At this moment, (half-past nine) an is being made to break into the vault or safe. The crowd is large and under great excitement. The Sheriff, Mr. Avery, went into the midst and made an effort to be heard, but he was picked and carrid into the street. The Miami Export= Company Bank, standing only two is barred and some has written on the door, "poor old wag ng above, bolted, and cow." Lougee, upon the opposite corner. as shut up, from apprehensions, as many to ay. of vialence-others, from inability Day. The Exchange Bank is open and paying. 10 "clock.-The crowd having completely riddled the Cincinatu Bank ,broke Co., n doors of the Miame Exporting it through a similar process.-of excited people steaThe nd the took mass has been lily increasing. Main street from Third alf way up to Fourtb, is literally blocked and there are many at the corners of The Miami Exporting up, Third. little Company of value concern, we presume, had left in it the managers. and valuables had most other by likely Its bank books been re. noved, of specie and other paper there was probably no occasion for removal. Wesaw blank checks, &c., thrown sent flying through the but out and bubbles merely. air; hey were all nlank, The Exchange Bank is still open, and paying. We learn that demands have been made of Mr. Bates, at this Bank, for he redemption of the West Union paper, have been complied with per force, and constables efforts to quell the disorder, which The police have but made whe. we her any persons have been arrested, re unable say. We hear no impathy xpressed in behalf of the sufferers, among S he bystanders. The public mind is 80 11 completely outraged by the fraud and q of worthless banks, even and riot is looked upon ence lunder that the lesser V10. of vil. This is truly a deplorable state al ings. 2 O'CLACK.- effort has been made h , dispere the crowd by reading the not c1, and otherwise inducing them to disSo was the clamor and conhowever, that the attempt sion, erse. great utterly a and those engaged 10 it were compr elled to leave the ground, G iled, roughly having portion been mewhat handled. A of th e "Citizen's Guards," Military CompaA 7, having paraded, were led with a few th ement to the place, and took possession the buildings after some resistance.otl lows were freely exchanged with the cui owd, and several shots fired by the Mil. pla It is stated that no man has been ed ot. ry. The alarm of fire is now being unded, we presume to bring the whole of be , fire corps together. per Such are the deplorable consequences whole obt the fraud and wrong that the era mmunity have suffered, by the means loss the shinplasters. In the excitement of jec d suffering, the laws ore trampled under to t, property is destroyed and perhaps is upo lost. We much fear that the end who We yet. have penned the above paragrphs it Spe great haste. At this time, 1 o'clock: his wa ascertained that one man has had the broken, and one or two others slightly 1 nded; no one killed. It is stated that

13. March 30, 1861 Cincinnati Daily Press Cincinnati, OH
Article from Cincinnati Daily Press, March 30, 1861

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Remarkable Financial Resurrection. The Cincinnati Bank was one of the most famous institutions of the ancient papermoney regime in this city. That golden age of bank-notes bas almost faded from memory now. The bank closed one day in 1842, leaving the people minus several hundred thousand dollars in its engraved promises to pay. The people were unreasonable. They would not listen to reason at all, nor wait the regular process of liquidation, nor the appointment of one of its manag is or his next friend as receiver, to eat up the assets. So they assembled around the bank, disemboweled it, and made a dividend on the spot, each taking what he could grab. But this did not redeem the notes of the Cincinnati Bank. Consequently, they remained in the hands of the people, were stowed away among their family archives, and handed down from father to son, as useless but curiouslumber. One day last week they suddenly rose to par. A gentleman found that $26 of these notes were as good as so much gold. What makes the thing more striking is the fact that our coming municipal election seems to have caused this confidence in these ancient and fish-like securities. The Enquirer told us that the election of a Democratic American Mayor would revive business in this city; but we did not think that even the nomination of one would cause .80 wonderful a restoration of confidence. It seems as if the age of miracles were come again, when things are raised after they have been buried long enough to have become inodorous. Certainly, we go for that ticket; and we advise all who hold notes of the Cincinnati Bank to present them to the Cashier before election.