Granville Alexandrian Society

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: February 7, 1842
Location: Granville, Ohio (40.068, -82.520)

Metadata

Model: gpt-5-mini
Short Digest: e9d273a4

Response Measures

None

Description

1851 newspaper article recounts the bank's final and last suspension on 1842-02-07 and court actions holding stockholders liable for issued notes. Described as a failure/swindle; no reopening reported. OCR typos in original (e.g., baukers) corrected in interpretation.

Events (1)

1. February 7, 1842 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Described as a failure of the swindling shops; stockholders held personally liable for notes issued, indicating bank-specific malfeasance/failure rather than rumor or systemic shock.
Newspaper Excerpt: their final and last suspension. In the case of Chapman against J. O. Jones ... recovery was had upon the St. Clair notes
Source: newspapers

Newspaper Articles (1)

1. August 20, 1851 The Spirit of Democracy Woodsfield, OH

Article from The Spirit of Democracy, August 20, 1851

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Article Text

BROUGHT TO JUSTICE. At the recent term of the Court of Common Pleas for Licking county, the Stock. holders of the Granville Alexandrian Society were personally held liable for their issue of bank notes, with interest from the 7th day of February. 1842, the date of their final and last suspension. In the case of Chapman against J. O. Jones and H. Smith. a recovery was had upon the St. Clair notes having the guarantee of the Smiths stamped upon the face of the notes. Interest was given in this case from 1845. These decisions be it remembered are forced out by public opinion produced by the democratic party in its stand against the divine right of corporations to plunder at will. At the time these swindling shops failed, it was deemed rank heresy by the federal pressto intimate that baukers were liable for their contracts; and the whole action of the whig party of Ohio is yet based upon the same assumption.You that were swindled by "Granville," "Red Dog," think of these things.-Cpschocton Democrat.