17264. Miami Exporting Company Bank (Cincinnati, OH)

Bank Information

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

Metadata

Model
gpt-5-mini
Short Digest
9d404a5e

Response Measures

None

Description

Contemporary accounts (Jan 11, 1842) report the Miami Exporting Company Bank assigned its effects, refused payment and closed its doors; the mob then broke into the building and removed/destroyed vault contents. Assignment indicates failure/closure rather than a temporary suspension and the bank did not resume operations in these reports. I classify this as a suspension (stopping payment/assignment) that resulted in permanent closure/assignment of effects. Bank type inferred as a state/chartered bank (pre-National Bank era 'Company' name; not a National/Trust bank).

Events (3)
1. January 11, 1842 Other
Newspaper Excerpt
The crowd broke in, destroying all the moveable property and whatever books or papers could be laid hold of. Money to the amount of $224,000 was taken from the vault. The mob then went to the Miami Bank, which they broke open and destroyed its contents. The Miami Exporting Company Bank ... was broken in and destroyed its contents. The mass of excited people has been steadily increasing.
Source
newspapers
2. January 11, 1842 Receivership
Newspaper Excerpt
Monday evening, the Miami Exporting Company Bank assigned its effects, and on yesterday morning the Bank of Cincinnati closed doors.
Source
newspapers
3. January 11, 1842 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank 'assigned its effects' and refused payment — i.e., stopped payment due to insolvency/failed condition (shinplaster/ worthless-note crisis).
Newspaper Excerpt
Monday evening, the Miami Exporting Company Bank assigned its effects, and on yesterday morning the Bank of Cincinnati closed doors. 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.
Source
newspapers

Newspaper Articles (13)
1. 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

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

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From the Cincinnati Gazette.j Outbreak. Mob rule reigns again in our city! Monday evening, the Miami Exporting Company Bank assigned its effects, and on yesterday morning the Bank of Cincinnati closed doors. Early in the morning the crowd, in consequence of their failures, began to collect around the doors of these institutions, and by eleven o'clock had broken into them. destroying all the moveable property and whatever books or papers could be laid hold of. About this time, ten of the City Guards, headed by their brave Captain, Mitchell, appeared, drove the rioters away, and, for a time, gallantly main tained their position. But they were called off. On retiring, they were assailed; they fired, and wounded some one or two persons. The mob had with this exception, undisputed possession of the city, and commenced an attack first upon Bates' Exchange Bank, and after that upon Lougee's Exchange Office, beth of which they destroyed, making havec of every thing which was at all destructable The City Council met at twelve o'clock. But they were unable, as we learn, to pass an ordinance for the preservation of the public peace, eleven votes being necessary for this purpose, in consequence of only eleven members being present, and one of that number voting against it. All that could be done was then done, viz: to pass an order

3. January 18, 1842 Democratic Standard Georgetown, OH
Article from Democratic Standard, January 18, 1842

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OUTBREAK. Mob rule reigns again in our city! Monday evening, the Miami Experting Company Bank assigned its effects, and on yesterday morning the Bank of Cincinnari closed doors. Early in the morning the crowd, in consequence of their failures, began to collect around the doors of these Institutions, and by 11 o'clock had broken into them, destroying all the moveable property and whatever of books or papers could be laid hold of. About this time ten of the city Guards, headed by their brave Captain, Mitchell, appeared, drove the rioters away, and, for a time, gallantly maintained their posilion. But they were called off. On retiring they were assailed; they fired, and wounded some one or two persons. The mob had with this exception undisputed possession of the city, and com. menced an attack first upon Bates' Ex. change Bank, and after that upon Lou. gee's Exchange Office, both of which they destroyed, making Bavoc of every thing which was at all destructible. The city council met at 12 o'clock. But they were unable, as we learn, to pass an ordinance for the preservation of the public peace, eleven votes being necessary for this purpose, in consequence of only eleven members being present, and one of that number voting against it. All that could be done was then done, viz: to pass an order appropriating five hundred dollars to defray expenses in employing an extra police. The citizens organized at 4 o'clock, and put themselves in strong force near the scene of the disorder. No further violence has been committed, and we hope, from appearances, at the time our paper was put to press, that none will be attempted. The guard of citizens was under the direction of Sheriff Avery, and Marshall Saffin. The causes of the public excitement were great. It is enough to disturb any people when men deliberately set to work 10 prey upon their necessities, and swin. dle the poor and the needy among them out of their honest means. Bar nothing will justify lawlessness It must be checked peaceably if possible, but forcibly if nothing but force will answer.

4. January 20, 1842 Martinsburg Gazette Martinsburg, WV
Article from Martinsburg Gazette, January 20, 1842

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has the following particulars or the doings of a mob in that city on the preceding days OUTBREAK. Mob rule reigns again in our city ! Monday evening, the Miami Exporting Company Bank assigned its effects, and on yesterday morning the Bank of Cincinnati closed its doors. Early in the morning the crowd, in consequence of their failures, began to collect round the doors of these institutions, and by 11 o'clock had broken into them, destroying all the moveable prop. erty and whatever of books or papers could be laid hold of. About this time ten of the City Guards, headed by their brave Captain, Mitchell, appeared, drove the rioters away, and, for a time, gallantly maintained their position. But they were called off. On retiring they were assailed; they fired, and woun. ded some one or two persons. The mob had with this exception un dis puted posession of the city, and commen. ced an attack first upon Bate's Exchange Bank, and after that upon Lougee's Ex. change Office, both of which they des. troyed, making havoc of every thing which was at all destructible. The City Council met at 12 o'clock. But they were unable, as we learn, to pass an ordinance for the preservation of the public peace, eleven votes being necessary for this purpose, in consequence of only eleven members being present, and one of that number voting against it. All that could be done was then done, viz: to pass an order appropriating five hundred dollars to defray the expenses in employing an extra police. The citizens organized at 4 o'clock, and put themselves in strong force near the scene of the disorder. No further vi. olence has been committed, and we hope, from appearances at the time our pa. per was put to press, that none will be attempted. The guard of citizens was under the direction of Sheriff Avery and Marshal Saffin. P. S.--Since writing the above, we hear there was upwards of 224,000 dol. lars of money in the vault of the Miami Bank; $218,000 of this was in their own notes-$1,261 - in specie, and the balance in paper of other banks, all of which was taken. Four persons have been arrested, upon whom were found $24,000, some of which was in bankable money-the bal. ance in their own paper. The Mechanics' and Traders' Bank had a notice on the door last evening that they would re-open this morning at 9 o'clock.

5. January 20, 1842 Virginia Free Press Charles Town, WV
Article from Virginia Free Press, January 20, 1842

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CINCINNATI. MOB KIN The Cincinnati Gazette of the 12th instant has the following particulars of the doings of a mob in that city on the preceding day : OUTBREAK. Mob rule reigns again in our city ! Monday evening. the Miami Exporting Company Bank assigned its effects, and on yesterday morning the Bank of Citicinnati closed its doors Early in the morning the crowil. in consequence of their failures, began to collect Around the doors of these institutions, and by o'clock had broken intowhem, destroying all the moveabie property and whatever of houlys or papers could be laid hold of About this time len of the City Guards, headed by their brave Captain, Mitchell, appeared, drove the rioters away and, for a time, gallantly maintained their position But they were called off On retiring they were assailed ; they fired, and wounded some one ordwo persons. The mob had with this exception indisputed possession of the city, and commenced an attack first upon Blate's Exchange Bank, and after that upon Lougee's Exchange office, both of which they destroyed, making havoc of every thing which was at all destructible. The City Connect met at 12 o'clock But they were unable as we learn, to pass an órdinance for the preservation of the public peace eleven votes being n°cessary for this purpose, in consequence of only eleven members being present, and one of atnumb er voting against it All that could be done was then done, VIZ to pass an order appropriating five hundred dollars to defray expenses in employing an extra police The citizens organized at 4 o:clock, and put themselves in strong force near the scene of the disorder. No further violence has been committed, and we hope, from appearances, at the time our paper was put to press. that none will be attempled. The guard of citizens, was under the direction of Sheriff Avery and Marshal the above, we near there was upwards of 224,000 dollars of money in the vault of the Miami Bank. $218,000 of this was in their own notes-$1,261 in specie, and the balance in paper of other banks, all of which was taken, Four persons have been arrested, upon whom were found $24,000, some of which was in bankable money-the balance in their own paper The Mechanics & Traders' Bank had a not tice on the door last evening that they would reopen this morning at 9 o'clock.

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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s OF THE DAY-GENERAL DISCUSSIO 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. We have penned the above paragraphs in haste. At this time it is ascertained that one man has 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 a 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 to-night, which we trust may prove unfounded. At present, however, the multitude appear to have complete control. From the Cincinnati Gazette. OUTBREAK. Mob rule reigns again in our city ! Monday evening the Miami Exporting Company Bank assigned its effects, and on yesterday morning the Bank of Cincinnati closed doors. Early in the morning the crowd, in consequence of their failures, began to collect around the doors of these institutions, and by eleven o'clock had broken into them, destroying all the moveable property and whatever books or papers could be laid hold of. About this time, ten of the City Guards, headed by their brave Captain Mitchell, appeared, drove the rioters away, and for some time gallantly maintained their position. But they were called off. On retiring, they were assailed; they fired, and wounded some one or two persons. The mob had with this exception, undisputed possession of the city, and commenced an attack first upon Bates' Exchange Bank, and after that upon Lougee's Exchange Office, both of which they destroyed, making havoc of every thing which was at all destructible. The City Council met at twelve o'clock. But they were unable, as we learn, to pass an ordinance for the preservation of the public peace, eleven votes being necessary for this purpose, in consequence of only eleven members being present, and one of that number voting against it. All that could be done was to pass an order appropriating five hundred dollars to defray expenses in employing an extra police. The citizens organized at 4 o'clock, and put themselves in strong force near the scene of the disorder. No further violence has been committed, and we hope, from appearances. at the time our paper went to press, that none will be attempted. The guard of citizens was under the direction of Sheriff Avery, and Marshal Saffin. The causes of the public excitement were great. It is enough to disturb any people when men deliberately set to work to prey upon their necessities, and swindle the poor and needy among them out of their honest means. But nothing will justify lawlessness. It must be checked peaceably if possible, but forcibly if nothing but force will answer. FURTHER PARTICULARS.-The military were ordered to fire, but the guns must have been charged with blank catridges, because they were fired directly into the crowd, and we have not been able to learn certainly that any one-was injured by them. We did hear that one man was wounded in the head, and another in the face. with shot, but could learn certainly that this was the case. A large number of citizens volunteered to guard the city. Several of the ringleaders of the mob have been arrested. We hear there was upwards of $234,000 of monof ey in the vault of the Miami Bank. $218,000 this was in their own notes-$1,261 in specie, and the balance in paper of other banks, all of which were taken. Four persons have been arrested upon whom were found $24,000 some of which was in bankable money-the balance in their own paper. The Mechanics & Traders Bank had a notice on the door last evening, that they would re-open this morning at 9 o'clock.-[Cincinnati Republican.

8. 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

9. January 25, 1842 The Caledonian Saint Johnsbury, VT
Article from The Caledonian, January 25, 1842

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ANOTHER TERRIBLE RIOT IN CINCINNATI Correspondence of The New-York Tribune. CINCINNATI, Tuesday, Jan. 11, 1842. Our city is at this moment in a state of tremendous excitement. Yesterday, after Banking hours, it was reported that the Miami Exporting Co. Bank and the Bank of Cincinnati, both old concerns, had stopped payment. This morning, at about 9 o'clock, a crowd in consequence stood before the door of the latter Bank,and a notice was soon hung out upon the door that they had suspended for twenty days. When the doors were opened to hang out this notice, a rush was made for the inside, and all its contents, consisting of desks, counters and vaults were broken and thrown into the street. Money to the amount of $224,000 was taken from the vault. The mob then went to the Miami Bank, which they broke open and destroyed its contents. The Exchange Bank, adjoining the Miami, of which John Bates, the well-known West Union financier, was an officer, was next assailed. A run was made upon him, and he continued to redeem all his issues, until the mob broke in and destroyed every thing. Thence they crossed over to Loungee's office, who was godfather to the Savings Bank at Louisville. This was likewise destroyed and the crowd gathered to the corner of Third and Main streets. A strong disposition on the part of the mob was manifested to destroy the Traders and Mechanic's Bank; but they continued to redeem their notes, which were nothing more than certifi. cates of deposite with promises to pay in current Bank notes, and thus escaped. How this most disgraceful riot will end,time only can show. A few of the military have been called out, but have effec ted little. They marched through the crowd with fixed bayonets, but were soon attacked and com pelled to retreat. As they retired they were ordered to fire upon the mob which they did. Their guns were loaded with blank cartridges, however, and only two or three were slightly injured. Cincinnati is disgraced forever in the eyes of those who love order and respect the laws. There is a. mong our people no sympathy, to be sure, for those persons who are concerned in resuscitating these rotten concerns, but every one isindignant at the method of evincing resentment. The authorities seem to be lamentably inactive. Many people think that they could have effected nothing if they had tried; but others allege that, had they been, promptly on the spot, they could easily have prevented the disgrace. The scene of the operations of the mob is not twice a stone's throw from the Mayer's office. The indignation of the citizens was greatly aroused some two or three weeks since by the explosion of the Lebanon Miami Bank, some thirty miles from the city. This is probably one cause of the outbreak; yet those who havegtaken the most active part in it are those who have nothing to lose. At present the arm of the law is palsied, and the honor of the Queen City is tarnished for years. Five o'clock.-The crowd is still great, but the mob have ceased active operations Several of them have been arrested, and are now in jail. About $24,000 were found about their persons.There will be a strong guard out to-night to protect the Banks that are in good repute. Threats were thrown out against the Life Insurance and Trust Company; but they continue to pay specie for their notes, and will probably escape. Six o'clock.-Ail is quiet, and if it continue thus all will be well. A strong guard has been ordered out to prevent farther depredatons. Tuesday,Jan. 12. All is quiet this morning. The issuers of shinplasters look blue as they see the fragments of their 'fixins' scattered in the street. CRUELTY TO A Loco Foco. A well known individual, now a resident in Kentucky,] who once went abroad to dispose of the State Stocks of Illinois, and managed,by means best known to himself, to make $100,000 out of the transaction, was exibiting a blooded horse, not long since, near the city. "Come gentlemen," said he,"I gave $20,000 for this horse in Europe. I should like to know your opinion of him." "Well," said a tall Kentuckian, "my opinion is, that he looks as if he had too much Illinois stock in him." Louisville Journal. Mr. Duncan K. McRae, of Fayetteville, N. C, is said to have been appointed the bearer of despatches to the American Minister at Mexico, in relation to the American prisoners taken by the exMicans at Santa Fe. Two of the negroes concerned in the murder of Mr. Cunningham, of Jefferson County, Ga. men. tioned about ten days since, were hung on the 7th

10. 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,

11. 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

12. January 29, 1842 Boon's Lick Times Fayette, MO
Article from Boon's Lick Times, January 29, 1842

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CINCINNATI MOB. The following from the Cincinnati Ga. zette of Wednesday, 12th inst., appears to be an unvainished and candid account of the demolition of a few of the banks of that city: "Monday evening, the Miami Exporting Company Bank assigned its effects, and on yesterday morning the Bank CT Cincinnati closed doors. Early in the morning the crowd, in consequence of their failures, began to collect around the doors of these Institutions, and by 11 o'cleck had broken into them, destroying all the moveable property and whatever of books or papers could be laid hold of. About this time ten of the City Guards, headed by their brave Captain, Mitchell, appeared, drove the rioters away, and, for a time, gullantly maintained their position. But they were called off: On retiring they were assailed; they fired, and wounded some one or two persons. The mob had with this exception undisputed possession of the city, and commenced an attack first upon Bates' Exchange Bank, and after that upon Longee's Ex. change Office, both of which they destroyed making havoc of every thing which was at all destructible. The City Council met at 12 o'clock. But they were unable, as we learn, to pass an ordinance for the preservation of the pub. lie peace, eleven votes being necessary for this purpose, in consequence of only eleven members being present, and one of that number voting against it. All that could be done was then done, viz: to pass an order appropriating five hundred dollars to de fray expenses in employing an extra police. The citizens organized at 4 o'clock, and put themselves in strong force near the scene of the disorder. No further violence has been committed, and we hope from appearances, at the time our paper was put to press, that none will be attempted. The guard of citizens was under the direction of Sheriff Avery, and Marshall Saffin.

13. 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