Commercial Bank - Cincinnati, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1855*
Location: Cincinnati, Ohio (39.103, -84.515)

Metadata

Model: gpt-5
Short Digest: 64ac45a5

Response Measures

None

Description

Severely corrupted OCR. The article appears to quote an official report noting that several Ohio depositories, including the Commercial Bank of Cincinnati, had failed, holding public funds. No explicit run is described. The exact failure date is not given; context suggests sometime prior to late 1855/early 1856. Bank type is uncertain from the text, so marked unknown.

Events (1)

1. January 1, 1855* Suspension

Cause Details: Report lists the bank among depositories that had failed; no specific cause given.
Newspaper Excerpt: the report he states that the Commercial [Bank of] Cincinnati, [the] City Bank of Toledo, [and] W. W. Cones & Company had failed with an aggregate of [about] $153,851 of the public money in their hands.
Source: newspapers

Newspaper Articles (1)

1. September 16, 1857 Western Reserve Chronicle Warren, OH

Article from Western Reserve Chronicle, September 16, 1857

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Article Text

Treasury in January, 1852, opened them new set of books, transferring to the various balances which appear to and be due from his predecessor, Mr. Bliss, receipt subsequently executed to him a is therefor of which the following copy: TREASURY OFFICE, OHIO, Columbus, Oct., 20, '52. Received of Albert A. Bliss, Esq., full of Treasurer of State, payment in as said balances charged against him office, Treasurer all on the books of indebtednes this 12, 1852, and all this date. January which has appeared against him up J. G. BRESLIN, Tr. of State. one reading this receipt would paid Any supposed that Mr. Bliss had Such have all the money due the State. false. over not the fact. The receipt was due was was a balance of $65,000 unThere from Mr. Bliss, which was not paid date til more than three years after its to a resolution of the SenDec. 1852, Mr. Breslin official ate communication to which is equivalent to a Mr. Bliss had paid over to all tion funds which induced this receipt and lin statement, the to divine. official Treasury. In The the to of that response execute motives public belonging undersigned positive His that addressed acts make Mr. to asser- body, Bres- him will this the not calculated, and it is intended to mislead sume, It an unfortunate an official the people have a right to which in statements of their sworu of Mr. Breslin for ending November at cal year balance of clearly shows vants. The official was attempt a report career. 8683,574 S Truth commencement In the and is fair 15, a same deceive. to the quality expect 1855, pre- that fisin the Treasury. Bank date states that the Commercial Cincinnati, port he the City Bank of had fail of Toledo, W. W. Cones & Company $153,851 ed and with an aggregate of their hands.- 18 of the public money in from the substraction of this sum a clear The in the Treasury, leaves Upon this amount of $559,723 72. balance balance there was no extraordinary of inte- demand, except for the debt payment due January rest the foreign the 1856, on which amounted, with S421,320 75. expenses as clear in Deducting charged this by from him, the to by this balance report, Treasury, as shown $138, 402 the still a balance of daily there sum is sufficient, with the meet regular all its liaincome of until the the State, settlement to February with fol- the bilities Treasurers in the mentioned County Besides the last his hands lowing. Mr. Breslin had in the Canal amount, 93-the funds of does not $84,788 Bank of Cleveland, which he notice in his report. amply With funds in all his the possession demands which he adequate to meet upon the Treasury, Treasucould be circular made to the County of 1841, issued referring a them to the to make act the adrers, calling upon them law to enable In vances and required by January that interest. him to pay with the the demand, the Treasury County compliance into the State day of 70, between the $750,715 the time at which he was by Mr. true that in he acted the County of practice yet it or the the law, of intended Department, and conformity upon ceeded Nov., Treasurers It the is and long that paid with established Gihson. the Treasurers could making provisions the not reason this 6th have demand practice of them been law, the he in continue after shown that should ceased. It has been all the claims had had sufficient means to pay without making against the treasury, Why then did he make late this demand. of Mr. Hines, there Treasurer was an it? The testimony of Franklin County, extraordinary discloses fact that of Mr. on the part from the anxiety $20,000 due Breslin, the that the at office receive County- County He called Treasurer, twice before his depo- that of the assigned in it. If for reasons reluctantly paid officer, sition, very books showed there milthere was, have as been, the more than was half no a valid for the reason lion should in the treasury, anxiety there which he exhibitd in this instance. the deposition The facts G. disclosed Deshier, in furnish treasury unequiv toof Mr. evidence W. of an empty Breslin's adminocal the close of Mr. of the office, istration. wards. The books more than one only stated, showed he not the a the of million in his to postpone but before requested holder hands, draft yet $50,000, paid presentation ultimately of a presented, Though it was when a it portion was of the amount. for the balance weeks only frequently not paid importuned for more than two