18045. Farmers & Merchants Bank (Memphis, TN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 16, 1854
Location
Memphis, Tennessee (35.150, -90.049)

Metadata

Model
gpt-5-mini
Short Digest
18f7cda18db0b7ec

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (Aug 1854) report the Farmers & Merchants (or Farmers' & Merchants') Bank of Memphis suspended payment (dates given as Aug. 16 and Aug. 22, 1854) and subsequently failed/was unable to redeem its notes. Reports tie this failure to a wider money stringency / bank panic rather than a discrete misinformation episode. No explicit mention of a depositor run or a receiver being appointed appears in the provided articles, but persistent reports list the bank as failed/suspended and its notes selling at heavy discount. Date ambiguity (some sources give Aug. 16, others Aug. 22) is preserved in event dates below.

Events (2)
1. August 16, 1854 Other
Newspaper Excerpt
The Farmers' & Merchants' Bank of Memphis, Tenn., failed to redeem in this city on Wednesday, Aug. 16, at 12 noon. / failed Aug. 16; no sale (Thompson's Reporter).
Source
newspapers
2. August 22, 1854 Suspension
Cause
Macro News
Cause Details
Part of a broader banking stringency/panic in August 1854; inability to redeem notes in other cities and general loss of confidence amid multiple bank failures led to suspension.
Newspaper Excerpt
The Farmers and Merchants' Bank of Memphis, Tennessee, suspended payment on the 22d instant.
Source
newspapers

Newspaper Articles (18)
1. August 1, 1854 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, August 1, 1854

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sufficient to complete the entire track between Wheeling and Cincinnati. The earnings of the Ontario Simcoe and Huron Railroad for June, 1854, were $14,553, against $5,791 in June, 1853. In 1853, 42 miles were in operation; in 1854, 63. The Western Railroad Record states that the work on the Maysville and Big Sandy Railroad has been suspended, not from any want of means for its completion, but rather to await some definite action for the completion of the Maysville and Lexington Road, without which the Big Sandy Road would be of comparatively little use. The Boston Journal of yesterday says: "The Vermont Central Railroad Company Directors have not yet held a meeting, although two appointments have already been made, and there is considerable excitement among shareholders in consequence of the apparent neglect. There are but four Directors remaining of the Board: two of these reside in Vermont and two in Boston. The whole number is required to constitute & quoram, and the difficulty seems to be in getting this number together. Another meeting, we understand, has been appointed for this evening, and if this is not attended there will be a "moving of the waters" among the shareholders, who will no longer censent to such needless precrastination. The plan will be to call a special meeting of the shareholders, in accordance with the by-laws." The Alton Telegraph of July 27, says: "We are reliably informed that orders have been received from Col. Brough, for & total suspension of all work upon the Brough road. Not only have the laborers been discharged, but even the engineers who were running the lines. The cause of the suspension, we understand, is the tightness of the money market, and the utter impossibility of raising means for its presecution." The Legislature of New-Hampshire has passed the following law relative to over-issues of stocks: "Any president, cashier, treasurer or secretary, or any other officer or stockholder of any bank, railroad, manufacturing or other corporation in this State, who shall knowingly, falsely and willfully sign, issue, or cause to be issued, any shares, in the capital stock of their respective corperations, other than those authorized in their charter, or by some amendment thereto, shall be deemed and adjudged guilty of felony; and when duly convicted thereof, shall be punished by a fine not exceeding $1,000 and imprisoned in the State prison for not less than one nor more than seven years, at the discretion of the Court." It was reported at Louisville, on Monday, that the Commercial Bank of Tennessee, at Memphis, had stopped payment. Some of the Louisville brokers, en the strength of the rumor, refused the notes of the Commercial Bank of Memphis, the Tazewell Bank, the Citizens' Bank of Memphis, and the Farmers' and Merchants' Bank of Memphis. At Boston Money is abundant enough at from 10 to 12 per cent. outside of the Banks, on such paper and securities as will undergo close scrutiny, but very hard to obtain on any thing which does not come up to the required standard. There is less alarm and distrust in Money circles, but the return of confidence is necessarily slow, and it is not yet sufficiently diffused to remove the unnatural stringency of the market. A correspondent of The Boston Atlas gives the following as the two greatest years of commerce of the United States since the year 1789: Fenertato Imports from

2. August 18, 1854 The New York Herald New York, NY
Article from The New York Herald, August 18, 1854

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Thougent of the Farmers' and Mechanics' Bank, of Mem phis, Tenn., yesterday suspended payment of the bire of that institution. He states that the suspension will be only temporary. Notice is given by the receivers of the Cochitate Bank, Boston, that they will receive proofs of claims from note holders and others every Wednesday, from 10 to 12, as the Webster Bank, Bostom. The following dividends have been declared:-The New York Life and Trust Company, a semi annual dividend of 5 per cent, payable 10th proximo; the Back of Louistana, 5 per cent, paysble at the Merchan w' Bank on the 4th h September; the Circinnati, Hamliton and Dayton Rail read, 5 per cent, in scrip bearing 7 per cent interest, re. deemable in three years. The following is the eleventh weekly statement of the Boston banks:-

3. August 28, 1854 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, August 28, 1854

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FAILURE OF THE FARMERS AND MERCHANTS BANK OF MEMPHIS. LOUISVILLE, Saturday, Aug. 26, 1854. The Farmers and Merchants' Bank of Memphis, Tennessee, suspended payment on the 22d instant.

4. August 28, 1854 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, August 28, 1854

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The receipts of the Virginia and Tennessee Railroad for the first six months of this year are about $70,000, against $40,000 during the same months last year. It will, it is thought, pay 6 ₽ cent. on the finished portien of the road this year. The North Pennsylvania Railroad has called in its eighth installment of $5 per share, payable on or before the 8.h day of September next. We understand that the Belvidere and Trenton Railroad Company are about taking means to raise the necessary amount of money to complete and equip that road to Belvidere. The Mousum River Bank is the name of a new bank just started at Sanford, Me. Wm. C. Starbuck, Cashier of the late Cochituate Bank of Boston, has been chosen its Casbier, and R B. Hubbard President. According to the returns made by the various Railroad Companies of Great Britain, it seems that the aggregate receipts of all the Railroad Companies during the past year in that country were about eight millions sterling, or nearly ninety millions of dollars. A dispatch from Louisville states that the Farmers' & Merchants' Bank of Memphis, Tenn., suspended payment on the 22d inst. The Delaware, Lackawanna and Western Railroad had called for the eighth installment of 10 P cent. on the increased capital stock, payable at the Phenix Bank on the 1st September. The Circular of Mr. Isaac O. Davis of Cincinnati, for the week ending Wednesday evening, Aug. 23, 1854, gives the following financial information: We have no material change to note in the Money market since our last report, except a slightly increased stringency consequent on a continued want of confidence and the disturbed state of our currency. The issues of the Indiana Free Banks of less denominations than 85 are still refused by our bankers and brokers, except at a discount of 1@2 ₽ cent., thus causing great inconvenience to the mercantile community. The Bankers have made arrangements to meet the requirements of the New Bank Law, which goes into operation October 1, prox., by classifying the foreign issues less denominations than 810, thus: First Class-The remote Indiana Free Banks, received till 1st prox. Second Class-The Virginia Banks, receivable till 11th prox. Third Class-All Indiana Free Banks, refused after 20th prox., and Fourth Class-All Foreign issues, refused after 1st Oc. toter. The Free Banks of Indiana are about making arrangements to redeem their issues, either in this City or at Indiabalos. Such a consummantion would benefit them much. A Committee has been appointed by the Bankers of this City to attend a meeting at Indianapolis, for perfeeting this end. In the Stock Market we have to note an entire stagnation of business, induced by the presentstate of the Money Market. We quote rates of interest for first class business paper at 1 ₽ cent. ₽ month. Less known commercial bills at about 2 ₽ cent., while Railroad securities can scarcely be negotiated at any rate of interest. In consequence of the continued and unparalleled stringency in the Money market, our transactions in the purchase and sale of Stocks have been limited. We look, however, for a more favorable change soon, and hope to give a better account The following transactions have taken place since our last report: 90 shares Covington and Lexington Railroad Stock at 50c. 50 shares Cincinnati and Indianapolis Railroad Stack at 50c. 110 shares Central Indiana Railroad Stock at 65c., 90 days. 4 $1.000 Dayton Xenia and Belpré Railroad Co. 10 P cent. 1st Morrage Boads at 85c. 130 shares Mad River red Like Eric R. R Stock at 65c., 90 days.) 165 shares ON and Mississippi Railroad Stock at 75c 4 months. 80 shares Cinciumati, Wilnington and Zanesville Railroad Stock at 30c. 60 days. 60 shares New Albank and Salem Railroad Stock 34.99c. 10 $1,000 2d Mortgage Maysville and Lexington Railroad Co. Boads at 10c.

5. August 30, 1854 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, August 30, 1854

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TUESDAY, Aug. 29-P. M. The Stock market was firm to day, and prices generally were higher than yesterday. The panic feeling which has existed for several days has pretty much subsided. The improvement in Eric Bonds is a noticeable feature in the market. Incomes sold at 741 @75, and the Conver ibies of 1871 at 61, an advance in each instance of 4 ₽ cent Erie stock opened at 38, run down to 37, and closed firm at 371. New-York Central advanced to 901 under an act ve demand for cash stock. Reading was active at 60) and closing at 69, withsales to the extent of 2,000 shares Harlem was in demand at 321. Clevelaud and Totedo sold at 69. Michigan Southern and Northern Indiana are offered at 90. Cumberland advanced to 28. Nicaragua opened at 192 and closed at 202, with large sales. The transactions in Railroad Bonds are confined principally to Erie, New-York Central and Illinois Central. Of the latter $44,000 were sold at 62 to 621. The bears have within a few days been large sellers of these bonds. There was no change to-day in the Money market. The demand is active and the supply fair. The amount of good paper on the market is not large: rates 10@12 cent. for first-class commercial and 12@18 for railroad acceptances. The Bank panic is over. The following is a list of the banks that have failed, with the discounts at which they are bought in Wall-st: Drovers' Bank, Ogdensbargh N.Y., failed at 11 A. M. Aug. 24, 25 discount: Bank of Milford, Delaware, failed at 11 A. M., Aug 24, 75 discount Bank of Carthage, N. Y., failed Aug 21, 15 discount; Erio and Kalamazoo Railroad Bank, Michigan, failed at 12 M., Aug 21, 50 discount; Back of Washtenew, Michigan, failed at 12 M., Aug. 21, discount - Farmers and Mer. chants Bank of Memphis, Tenn. failed at 12 M Aag. 16, discount 75; Adriance Insurance Company, 50 discount. It will be seen by the following notice that the Government is again in the market for the purchase of its debt, contrary to general expectation. TREASURY DEPARTMENT Aug. 26. 1854 Notice is hereby given 10 the Sockholders the follow derecribed stocks of the United States that this partment is pared to purchase at city time b. tween the date thereof and the 20th day of Nov. D x1. portions of those stocks nour ing in the aggregate 10 $3,840,000 in the manner and oz the terms hereinafter menticked I. case of EDV contingent competition. within the amount stated. preference given in the order of time in which and stocks may be offered. The resigned to th United States, by the parties who are to receive the amount thereof. must be trans milled this de ariment: upon the thereof. a price will be paid, componne(c) of the following 1. The par valan or in each certificate. 2. A premium on the stock of the authorized by the act of of July 1810. reseemable Nov. 12 1836 of sp cent. of the since the loan authorized by the act of 1642, redeemable 31. D 1862 of 11 P cent. on the stock of the loans authorized by the note of 1847 ALO 1848. and redeemable. the former on the 31st of Dec. 1867 and the latter OL the 30th June, 1868. of 16 ₽ cost and on the stock of the authorized by the ac of 850 and redeemship on the Slet of Dec. 1864, monty called the Tuxan indemnity 16 ₽ cent. 8. Interest on the per of each certificate from the 1st of Jaiy. 1854 to the date receipt and settlement al the Treasury with the allowerce (for the money to reach the owner) of one day's interest in addition. Payment for said stocks will be made in drafts of the Treasurer of the United States or. the Assistant Treasurer at Bosiun. New York 01 Priladelphia 88 the parties may direct But DO certificate will be entitled to the benefit of this notice which shall not be actually received at the Tressury on or before the said 20th day of Nov. belt JAMES GUTHRIE Secretary of Treasury It is a little singular that this announcement should be made just at this time, and there are those who are ungenerous enough to think that there has been collusion between the managers at Washington and the managers at Albeny. The State Loan of $1,250,000 is to be awarded on the 31st instant, and undoubtedly a great many bids have been sent in by country Banks. predicated upon the supposition that the UnitedStates would not be in the market just at present. This notice appears at 80 late & day that they will net have time to change their bids, and the loan will be taken by others, at three or four per cent. higher then it otherwise would. Freights are dull. To Liverpool 1,200 bales Cotton at d. A brig from New-York to Montevideo, Lumber $18. Coal vessels are wanted for Baltimore. Eastern freights are active. The payments through the Clearing-House to-day amount to $15,323,161.3 and the balances to $114,983 65. Mexers. Winslow, Lanier & Co. announce by advertisement in another column that they will pay, on the 1st Sop-

6. September 2, 1854 The Daily Union Washington, DC
Article from The Daily Union, September 2, 1854

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TWO arrivals this morning from Paramaribo. It is said they bring accounts to a respectable firm in this city that several cases of cholera had occurred at Niskerie, and that in consequence all vessels arriving in Paramaribo from that place were placed in quarantine. It is further said that the disease had been carried there by a vessel from Barbadoes which went for timber. The Surinaamsche Courant of the 6th July gives an account of the anniversary meeting of Moravian Brothers on the 4th of same month. The secretary of the society (Mr. H. C. Focke) gave some interesting accounts of the earliest origin of the Surinam branch. In 1735 they began their labors among the Caraib Indians. In 1776, on the 21st of July, they baptized the first negro slave, and gained thereby the good-will of the governor at that period, (Governor Nepven ;) they succeeded in building a small church, which was enlarged gradually until 1828, when the present large edifice was erected. In 1776 they obtained permission for the first time to slaves. instruct in the Christian religion fifty-two plantation When the present branch society WAS formed in Paramaribo, twenty-five years ago, the members were 970 in number, and they visited about six plantations in the "Commeweini." In a quarter of a century the members have increased in the following wonderful ratio: 5,135 in town, and 14,284 in the neighboring districts-together, 19,419. There are 28 working brothers and 24 sisters together laboring in their good work on 136 plantations. The expenditure of the society has amounted to the important sum of 101,828,074 guilders, (nearly 40,000 Spanish dollars,) 80,630 of which the government has most considerately paid. The meeting was crowded to excess. His excellency the governor, all the civil and military authorities, members of all professions, &c., were in attendance. The Week Blad shows by the register of the military hospital in Paramaribo that from 1839 to 1853, out of 12,681 patients, 839 died. The result of their observations is, that death is far less frequent among Europeans than any other class in proportion to population. PENNSYLVANIA STATE FAIR.-The Philadelphia Horticultural Society has resolved to hold no separate fair this season, but, instead thereof, to solicit all contributors to send their horticultural products to the great Pennsy Ivania State fair, which will be held at Powelton, on the outskirts of Philadelphia, commencing on the 26th of September. The Poultry and Bird Fanciers' Association will also cooperate in rendering the State fair attractive. As regards the Franklin Institute, the North American thinks they, too, will wisely resolve to make their usual display in conjunetion with the State Agricultural Society. BEAUTIES OF KNOW-NOTHINGISM.-Thetoat number of killed during the St. Louis riot was ten, and some of the wounded, at last advices, were still in a dangerous condition. It is estimated that 2,000 pistols and 500 bowie knives were sold in the city while the riots were in progress. EXTRAORDINARY PERFORMANCE OF A LOCOMOTIVE.-The locomotive Nashville, belonging to the C. C. and C. and E. R. R. Company, George Westfall engineer, ran from Columbus to Erie, and forty miles back, or in all 295 miles, with one tender of wood. This fact is unprecedented in the history of locomotives, and we challenge the world to produce: like instance.-Oteveland-Herald. THE CHOLERA AT FALL RIVER.-The New Bedford Standard learns that the number of fatal cases of cholera in Fall River, between Saturday noon and 7 o'clock Tuesday morning, was 33. There is, as yet, no abatement in the ravages of the disease. The authorities of the city are taking every precautionary measure to stay the ravages of the disease. A young Irish couple were married on Saturday evening, and on Sunday the bride died of cholera at Fall River and was buried! A sad conclusion to a hopeful and happy matrimonial alliance. Miss Dix embarks for Europe in the steatmer Baltic today, for the improvementof her health New Hampshire is the most free from colored population of any State in the Union: there are towns in the State in which a black face was never seen. THE BROKEN BANKS.-The following are the prices paid by the brokers for the notes of banks which have recently failed: 75 cents. Drovers' Bank, Ogdensburg 81 Bank of Carthage 50 Erie and Kalamazoo Railroad Bank : 50 Canal Bank, Lockport " 25 Bank of Milford, Delaware " Bank of Washtenaw, Michigan 25 Farmers and Merchants Bank, Memphis " 50 Adrian Insurance Company, Michigan All Wisconsin, Illinois, and Indiana notes are from 2} to 5 per cent. discount Atlas. THE CHOLERA IN Boston.-The whole number of deaths by cholera in this city thus far the present season is about 225. In 1849, when the disease became an epidemic, the number of its victims to the last of August was about 400; and when it ended, about the first of October, the number had reached something over 600.-Boston Transcript APPLES AT THE WEST - Letters from residents in the western part of the State of Ohio mention that the crop of apples in that vicinity is very large, and the fruit is sold at low rates. Good apples are plenty at from 30 to 40 cents A bushel.-/b. SINKING OF A RAILROAD.-The track of the Milwaukie and Mississippi railroad has sunk about eight feet where the road runs on the marsh land, between Second and Third lakes, about eight miles from Madison, Wisconsin The track lies six feet under water for a space of about 140 rods. The growth of Iowa is surprising. The St. Louis News says that the vote of the last spring election shows a great the

7. September 2, 1854 Semi-Weekly Standard Raleigh, NC
Article from Semi-Weekly Standard, September 2, 1854

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Fearful Tornado-Presbyterian Church Blown Down During Service-Twenty-Five of the Congregation Killed Instantly, and a Large Number Wounded. LOUISVILLE, Ky., Aug. 28. This city was visited by one of the most terrific and awtul tornadoes yesterday (Sunday) that has ever come within the knowledge of our people. The Fourth Presbyterian Church, which was filled with a large congregations, was levelled to the ground during service by the fierceness of the wind, and melancholy to relate, twenty five of the congregation were instantly killed. A large number are wounded, and the distress of relatives and friends, surpasses all conception. A large number of other buildings in the city were com pletely unroofed, and many blown down. NEW ORLEANS, August 26. By an arrival here to-day, we have Mexican dates to the 17th. Count Boulbon and other French officers have recently arrived at Mexico. They are charged with taking part in the rebellon, and were sentenced to be shot on the 17th. Another government victory is reportcd. Nothing has been heard from Alvarez. A general failure of the crops is reported, and great fears are entertained of a famine. NEW YORK, August 28. The drought around Buffaio, New York, and Bangor, Mc., continues as bad as ever. The fire in the woods is making awful revages. The pine woods near London, in Canada West, threaten the city with destruction. The smoke is on dense through the country, that the Great Western Railroad trains have discontinued. WASHINGTON, Aug. 28. New York, Boston, Philadelphia and Baltimore were visited by unprecedented heavy rains on Sunday night. It is still cloudy and threatening. SAVANNAH, Aug. 28. There were twelve deaths here from Yellow Fever on Friday and eight on Saturday. BANGOR, Me., Aug. 28. The drought still continues, and the fire in the woods is spreading with fearful rapidity. Terrible Conflagration and Destruction of Property. CLEVELAND, August 24. A frightful fire is raging in the woods at Cuyahoga Falls, extending to Franklin, Randolph, Ravenna, Robertson, Northfield, and parts of Summitt and Portage counties. The soil is burning to the depth of one and a half feet. Barns of hay, grain, &c., are destroyed, and apprehensions are entertained for the town of Hudson. The weeds near Painsville one mile in length, are burning, and all efforts to arrest the flames have been unsuccessful. Fire in the Woods-Immense Destruction-Iraxel Stopped. BUFFALO, Aug. 28. The pine woods near London, Canada West, are still burning and threaten the city with destruction. The smoke is so dense that the Great Western Railroad trains have been temporarily discontinued. BANGOR, Aug. 28. The fire in the woods still continues, and there is scarcely a town within fifty miles of here that has not suffered more or less. The drought still continues, and the crops are literally parched. The damage to the woodlands in this immediate vicinity from fire is estimated at over $10,000. The roads are impassable in many places. BOSTON, Aug. 28. In Tewsbury and Wilmington, in this State, the fires in the woods have been raging several days past, and were only checked yesterday. About 1,000 acres of woodland have been burnt over -loss estimated at $20,000. In some parts of Hillsboro' county, N. Y., the smoke from the burning woodlands partially obscures the vision in every direction. NEW ORLEANS, August 27. New cases of yellow fever are reported, but the number is not sufficient to cause alarm. MOBILE, August 27. The health of the city is good. Business of all kinds very dull. SAVANNAH, Aug. 28. The yellow fever is on the increase. Great alarm prevails. LOUISVILLE, Aug. 26. The Farmers' and Merchants' Bank of Memphis, Tennessee, suspended payment on the 22d.

8. September 6, 1854 Weekly North Carolina Standard Raleigh, NC
Article from Weekly North Carolina Standard, September 6, 1854

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Fearful Tornado-Prealyterian Church Blown Down Dur ing Service-Ticenty-Fire of the Congregation Killed In stantly, and a Large Number Wounded. LOUISVILLE, Ky., Aug. 28. This city was visited by one of the most terrific and awtul tornadoes yesterday (Sunday) that has ever come within the knowledge of our people. The Fourth Presbyterian Church, which was filled with a large congregations, was levelled to the ground during service by the fierceness of the wind, and melancholy to relate, twenty five of the congregation were instantly killed. A large number are wounded, and the distress of relatives and friends, surpasses all conception. A large number of other buildings in the city were com pletely unroofed, and many blown down. NEW ORLEANS, August 26. By an arrival here to-day, we have Mexican dates to the 17th. Count Boulbon and other French officers have recently arrived at Mexico. They are charged with taking part in the rebellon, and were sentenced to be shot on the 17th. Another government victory is reported. Nothing has been heard from Alvarez. A general failure of the crops is reported, and great fears are ente tained of a famine. NEW YORK, August 28. The drought around Buffaio, New York, and Bangor, Me., continues as bad as ever. The fire in the woods is making awful revages. The pine woods near London, in Canada West, threaten the city with destruction. The smoke is on dense through the country, that the Great Western Railroad trains have discontinued. WASHINGTON, Aug. 28. New York, Boston, Philadelphia and Baltimore were visited by unprecedented heavy rains on Sunday night. It is still cloudy and threatening. SAVANNAH, Aug. 28. There were twelve deaths here from Yellow Fever on Friday; and eight on Saturday. BANGOR, Me., Aug. 28. The drought still continues, and the fire in the woods is spreading with fearful rapidity. Terrible Conflagration and Destruction of Property. CLEVELAND, August 24. A frightful fire is raging in the woods at Cuyahoga Falls, extending to Franklin, Randolph, Ravenna, Robertson, Northfield, and parts of Summitt and Portage counties. The soil is burning to the depth of one and a half feet. Barns of hay, grain, &c., are destroyed, and apprehensions are entertained for the town of Hudson. The weeds near Painsville one mile in length, are burning, and all efforts to arrest the flames have been unsuccessful. Fire in the Woods-Immense Destruction-Traced Stopped. BUFFALO, Aug.28. The pine woods near London, Canada West, are still burning and threaten the city with destruction. The smoke is so dense that the Great Western Railroad trains have been temporarily discontinued. BANGOR, Aug. 28. The fire in the woods still continues, and there is scarcely a town within fifty miles of here that has not suffered more or less. The drought still continues, and the crops are literally parched. The damage to the woodlands in this immediate vicinity from fire is estimated at over $10,000. The roads are impassable in many places. BOSTON, Aug. 28. In Tewsbury and Wilmington, in this State, the fires in the woods have been raging several days past, and were only checked yesterday. About 1,000 acres of woodland have been burnt over -loss estimated at $20,000. In some parts of Hillsboro' county, N. Y., the smoke from the burning woodlands partially obscures the vision in every direction. NEW ORLEANS, August 27. New cases of yellow fever are reported, but the number is not sufficient to cause alarm. MOBILE, August 27. The health of the city is good. Business of all kinds very dull. SAVANNAH, Aug. 28. The yellow fever is on the increase. Great alarm prevails. LOUISVILLE, Aug. 26. The Farmers' and Mer chants' Bank of Memphis, Tennessee, suspended payment on the 22d.

9. September 9, 1854 The Weekly Minnesotian Saint Paul, MN
Article from The Weekly Minnesotian, September 9, 1854

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Bank Items. THE DROVERS' BANK, Odgensburgh, N. Y., failed at 11 A. M., Aug. 24. The BANK OF MILFORD. Delaware, has failed to redeem its notes. We do not know that it has suspended at the Bank. THE FARMERS' & MERCHANTS' BANK OF MEMPHIS, Tenn., failed to redeem in this city on Wednesday. Aug. 16. at 12 noon. THE ERIE & Kalamazoo R. R. Bank. Michigan, has also failed to redeem its notes in this city. This failure may properly date from 12 M.. Aug. 21. Also. the BANK OF WASHTENAW, Michigan, at 12 M., Aug. 21. Rumors unfavorable to the credit of the LEWIS COUNTY Bank. Martinsburgh, N. Y., and SACKETTS Harbor BANK, Buffalo. N. Y., are afloat. It is said some notes of the BANK OF CARTHAGE N. Y., are under protest. There are doubtful Banks in various sections of the country. It would be well for Northern people to reject all Tennessee and Georgia money-the good Banks. in these localities, do not desire a Northern circulation. We feel confident that the Free Banks of Wisconsin. Illinois and Indiana will not fail ; we are buying indiscriminately. Wisconsin and Illinois at 2 1-2 per cent., and Indiana at 5 per cent-but we do not advise holders to part with any of this money at these rates, for we believe that a few days will bring it to its former uniform rate of discount. In Michigan. the PENINSULAR BANK and the GOVERNMENT STOCK BANK are on the Free Bank Principle, and their notes are amply secured. In Vermont, the SOUTH ROYALTON BANK and the BANK OF CASTLETON are Free Banks, and are we think, also amply secured. The BANK OF CARTHAGE. N. Y., is well secured. The DROVERS' BANK, Ogdenburgh. N. Y., is secured so that its notes will be worth 80to 90 cents on the dollar. - Thompson's Reporter, Aug. 26. DESTRUCTIVE HAIL STORM.-A hail storm passed over portions of the counties of Daviess, Ohio, and Breckinridge, recently, destroying crops, &c., to the amount of $30,000.

10. September 12, 1854 Minnesota Weekly Times Saint Paul, MN
Article from Minnesota Weekly Times, September 12, 1854

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GENERAL LAND OFFICE, 18th August, 1854. SIR : In reply to yours of the 29th ult., I have to state, that all lands embraced in the " Notice of Withdrawal, No. 519," dated 15th ult., are liable to "valid pre-emptions"-as well those which may be predicated upon settlements made since, as before, such withdrawal it not being the intention of the Executive, in thus withdrawing lands for proposed Railroads, to prevent settlements upon the public domain, with a view to pre-emption. Respectfully, your ob'd't serv't, JOHN WILSON, Commissioner. Register, Minneapolis, M. T. MONEY MATTERS-IMPORTANT.-We find the following account of money matters in Thompson's Reporter of August 26th. We must say that the remark of Mr. Thompson that he always considered the money of the New England Banks "rotten" and "dangerous," is quite new to us. The New England Banks have always been considered the best Banks in the country. Still, he may be in possession of information of which we are ignorant. The sky looks squally. Look out. The Drovers' Bank, Ogdensburg, New York, failed at 11 A. M., August 24. The Bank of Milford, Delaware, has failed to redeem its notes. We do not know that it has suspended at the Bank. The Farmers' and Merchants' Bank of Memphis Tennessee, failed to redeem in this city on Wednesday, August 16, at noon. The Erie & Kalamazoo R. R. Bank, Michigan, has also failed to redeem its notes in this city. This failure may properly date from 12 M., August 21. Also, the Bank of Washtenaw, Michigan, at 12 M., Aug. 21. Rumors unfavorable to the credit of the Lewis County Bank, Martinsburgh, New Vork, and Sackets Harbor Bank, Buffalo, New York, are afloat. 'Tis said some notes of the Bank of Carihage, New York, are under protest. There are doubtful Banks in various sections of the country. It would be well for Northern people to reject all Tennessee and Georgia money-the good Banks iu those localities do not desire a Northern circulation. We would advise, in this locality, the rejection of all Michigan money-the good Michigan Banks find ample opening at home for their issues. We feel contic eat that the Free Banks of Wisconsin, Illinois and Indiana will not fail; we are buying indiscriminately, Wisconsin and Illinois at 21/2 cent, and Indiana at 5 F cent-but we do not advise holders to part with any of this money at these rates, for we believe that a few days will bring it to its former uniform rate of discount. New York and New England money is taken by our Banks and brokers so very cheap that there appears to be no very good reason why a risk should be incurred in holding it. It has long been our firm belief that the New England Banks, next to the inveterate shinplasters, are the most rotten and dangerous. Our quotations for Uncurrent Money are liable to change every hour, so that the rates given in the Reporter for the present, are not reliable. We think all Western and Southern will, for a week or two, range from 2 to 3 cent, except Indiana, which bids fair to depreciate even more than 3 F cent. P. S. In Michigan, the Peninsular Bank and the Government Stock Bank are on the Free Bank principle, and their notes are amply secured. In Vermont, the South Royalton Bank and the Bank of Castleton are Free Banks, and are, we think, also amply secured, The Bank of Carthage, New York., is well secured. The Drovers' Bank, Ogdensburg, New York, is secured so that its notes will be worth 80 to 90 centson the dollar. The Merchants' Bank, of Macon, Georgia, has not failed. It is not so reported by Thompson, and there are letters in this city stating that it is perfectly good.

11. October 10, 1854 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 10, 1854

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WINE GLASSES; for sale at prices to suit the times. DAVIS COLLAMORE, No. 447 Broadway, near GrandGREAT B A R G A I N CARPETING 25 per cent. less than Spring Prices Elegant Velvet and Tapestry Carpeting from the recentlarge Auction sales, now selling for less than the cost of importation. New styles Velvet, 10/ to 14[ per yard. New style Tapestry 8/ to 11/ per yard. New styles Brussels, 8/ to 10/ per yard. New styles 3-plys, 8/ to 10/ per yard. New styles superfine Ingrain, 5/ to 7/ per yard. Ingrain, 2/ to 4/ per yard. Also large stock of new patterns OIL CLOTHS, and all other goods pertaining to the trade equally low. SMITH & LOUNSBERRY, No. 456 Broadway near Grand-st. cheap side. ANOTHER BANK PANIC.-The greatest bargains ever offered in the way of READY MADE CLOTHNG may be had at EVANS'S CLOTHING WAREHOUSE, Nos. 66 and 68 Fulton-st. He has in his store. besides aregular stock of seasonable goods, $50 000 worth of Winter Clothing manufactured by one of the leading houses in Broadway, which he sells at half price. Bank of Washtenaw taken at 40 cents on the dollar. Farmers' and Merchants' Bank, Memphis, 25 cents. Eighth av Bank, par. or 90 cents cash. Erie and Kalamazoe Railroad Bank. 40 cents. HORACE WATERS'S MODERN IMPROVED PI ANOS.--The great power, brilliancy and richness of tone. elasticity of touch beauty and durability of make of the HORACE WATERS'S PIANOS have elicited the highest possible testimonials from the first musical authorities in the Union, and those desirous of obtaining one of those superior instruments at an extremely low price, will find the present their opportunity. The elegant Piano of the above make which attracted so much attention at the State Fair, may now be seen and examined at the Warerooms. In addition an immense assortment of the most celebrated PIANOS and MELODEONS at prices which defy competition, constantly in store. HORACE WATERS. No. 333 Broadway. POPULAR TRADE.-Fine French Merinos at 5/, French Plaid Cashmeres at Ladies' best Kid Gloves 4/, Rich Silks from 4/ to $3. Shawls of every style Fine French Broadcloth $2. E. H. LEADBEATER, No. 347 Broadway, corner of Leonard et. SEVENTY FORDHAM LOTS AT AUCTION THIS DAY.-Remember that the sale of seventy beautiful Building Lots, situated at Fordham, within from five to eight minutes walk of the Railroad Dépôt, takes place THIS DAY on the ground at 12 o'clock, by ALBERT H. NICOLAY, Auctioneer. These desirable Lots vary in size from 50 feet front and rear to from 100 to 300 feet in depth, and a number of them have handsome shade trees upon them. There are twenty-six trains to and from the City of New York daily, and the commutation is only about 11 cents a day. Terms. 10 per cent on day of sale. and 10 per cent. a month thereafter antil the whole amount is paid; or 50 per cent. can remain on bond and mortgage at 7 per cent. which offers unusual inducements; and every Lot put up will be sold to the highest bidder. Persons desirous of attending the sale will be in time by taking the 104 o'clock train from the City Hall, stopping at all the usual places. For free tickets to attend the sale, and lithographic maps. we refer to the Auctioneer, 4 Broad-st., Y. MOURNING Goods-Mourning Goods.-Bombezines, Merinos, Silks, Alpaccas, Canton Cloths, Canton Crape, De Laines, Prints. &c for sale at great bargains. E. H. LEADBEATER. No. 347 Broadway, cor. Leonard-st Toys of every variety, single and in boxes. Disections and Puzzles, Geographical, Geometrical and Historical. Games, over five hundred varieties, pleasing and instructive. Coffee, Dinner and Tea Sets. of wood, metal and China Wax Dolls, dressed and undressed, and every other kind of Doll. Crying and Laughing Babies of all kinds. TUTTLE'S Emporium of Fancy Goods, Novelties and Toys, No. 345 Broadway IRON BEDSTEADS and FURNITURE of every variety manufactured and for sale at No. 9 Canal by the Hobohen Iron Works and Foundry Plain and ornamental Bedsteads from $1 to $80. Hat Racks. Chairs, &c. Also, Iron Railing and all kinds of Iron work for buildings. STEAM POWER. EMPIRE WORKS Foot of East Twenty fifth-st., New York. Both Room and Power unequaled by any establishment in the United States. SLOAN & LEGGETT. SEWING MACHINES.-We hereby give distinct notice to all persons who make or use, or sell to others to be used, any and every kind of SEWING MACHINES, that the patent originally granted to I. M. SINGER, on the 12th day of August, 1851, reissued on the 3d day of October, inst. One of the claims contained in this patent is in the following words: And also claim in a Sewing Machine, feeding the cloth or other substance to determine the space between the stitches by the friction of the surface of the periphery of the feed wheel, or any equivalent feeding surface, substantially as specified, in combina tion with a spring pressure plate or pad which gripes the cloth or other substance against such feeding surface, substantially as spécified and the purpose set All persons having SEW. ING MACHINES. not purchased from us, will #00 at once they infringe this patent. Unless they call on us and obtain our license they will be prosecuted. M. SINGER & Co., No. 323 Broadway. HERRING'S PATENT FIRE PROOF SAFES.-The subscriber continues to manufacture and sell his CHAMPION FIRE AND BURGLAR PROOF SAFES, at the old established dépôt, where the largest and most varied assortment of Fire and Burglaz Proof Safes. Bank Vault Doors, changeable Powder Proof Bank and Safe Locks in the world are on hand and for sale by C. SILAS HERRING, Green Block, corners of Water. Pine and Depeyster-sts. WILDER'S PATENT SALAMANDER SAFE.Messra. STEARNS & MARVIN. Nos. 144 and 146 Water-st., continue to make and sell WILDER'S PATENT SALAMANDER SAFE," and are the only persons authorized, with the exception of the New-Engfand States, to make and sell the same. B. G. WILDER. Patentee. MELODEONS-WONDERFUL IMPROVEMENT.The power, brilliancy and richness of tone and elasticity of touch of S. D. & H. W. SMITH'S celebrated MELODEONS place them far in advance of any other make in this class of instruments. They are tuned in the equal temperament, and are admirably adapted to the use of lecture, club or lodge rooms. Sold at prices, wholesale or retail, which defy competition. HORACE WATERS, Sole Agent. No. $33 Broadway. J. H. THOMPSON, from Paris, Phrenological Hair Cutter, is to be found at No. 6 Warren-st., three doors from Broadway. He is the only artist in New York who thoroughly understands Cutting the Hair to suit the formation of the head. Call and try his skill. FOWLERS & WELLS, No. 308 Broadway, N.Y. NOTICE.-Our Stock of FALL and WINTER CLOTHING for City Trade is ready, and will be found to contain more new and destrable Garments for men and boy's wear than have ever before been offered in this market. D. DEVLIN & Co., 258, 259 and 260 Broadway. To OUR LADY PATRONS-RICH FURS.-Encouraged by past patronage in this department of Ladies' Cootuming, we have manufactured (on our own premises) from prime Skine for this season's Retail Sales a large assortment of LADIES' DRESS FURS, comprising all the desirable patterns and qualities known to the Trade, and will exhibit and offer them for sale on TUESDAY, Oct. 10. Relying upon the intrinsic merit of the articles offered, renders further commendation fulLEARY & Co., Hatters, some and unnecessary Astor House, Broadway. RUPTURE.-MARSH'S PATENT, THE ONLY RADICAL CURE TRUSS.-MARSH & Co. have just received the United States letters-patent for MARSH'S Radical Cure Truss that took the premium at the late exhibition in the Crystal Pal ace. It has received the universal approbation of the medical and surgical profession of this city, and will cure nine out of ten cases of reducable Hernis All persons are cantioned against infringing upon this instrument. Open from 7 A. M. until9 MARSH & Co., No. 21 Maiden lane, N.Y. P. M. HAIR DYE AND WIGS.-BATCHELOR'S celebrated HAIR DYE is by all acknowledged the best in the world. Sold wholesale and retail, or applied in nine private rooms, at W. A. BATCHELOR'S Hair Dye, Wig and Ornamental Hair Factory, No. 233 Broadway. CRISTADORO'S LIQUID HAIR DYE.-This is the very best coloring Fluid in the world. The black and brown hair are nature's own, perfectly undis-

12. October 24, 1854 Minnesota Weekly Times Saint Paul, MN
Article from Minnesota Weekly Times, October 24, 1854

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COMMERCIAL. Edited by C. H. PARKER. NEW BANKS.-MASSACHUSETTS.-North Bridgewater Bank, M. Wales, President R. P. Kingham, Cash. Grafton Bank, J. W. Slocum, Prest. J. Cary, Cash. NEW YORK. The Medina Bank,Medina. Henry Flager, Banker, John M. Keenan, Cash. Corning Bank, L. Rodman, Jr., Prest; W. B. Hale, Cash. GEORGIA. Planters' & Mechanics' Bank, Dalton. Jas. Morris, Pres. ;Wm. L. High, Cash. BROKEN BANKS.-Drovers', St. Lawrence Co. N. Y. The Eighth Avenue Bank of New York has stopped payment. It was established under the General Bank Law. Carthage, N Y. Cochituate, Boston. Milford, Del. Farmers' and Mechanics', Kent Co. Md. Farmers and Merchants', Memphis, Tenn. Washtenaw, Mich. Eastern Bank, Conn. Erie and Kalamazoo, Mich. LOOK out for counterf .it 10s on the BANK OF BAINBRIDGE, N. Y., a very coarse affair, vignette an angel with wings holding a horn of plenty in his right hand, a female medallion head to the right of vignette; 10 on both upper corners; coat of arms on lower left corner, and big X in red, a little to the left end; safe between signatures. Said bills have been put in circulation in this city. Latest Counterfeits. 5s, on the STATE BANK OF ILLINOIS, Ill., altered from a broken Washington affair-Vignette three females, the centre one holding a Liberty cap in left hand-head of Washington, with 5 above on the rightend-hold them to the light. 10s, on the BANK OF DANVILLE, Penn.-Vignette a man with oxen and plow-a female on each end-coat of arms between the signatures poorly done. 3s, on the FALMOUTH BANK, Mass, altered from a broken Bank-Vignette a female and agricultural implements-beehive on theleft end. 1s on the MECHANICS' BANK, New York City, altered from Mechanics' Bank, Washington, D. C. 10s, on the AMERICAN BANK, N. J., altered from 1s. 3s, on the BANK OF INDIANA, Ind., altered from 1s-Vignette man and two horses; farm house and cows in the distance -man felling a tree on the lower right corner—drover and cattle on the lower left corner. 5s, on the BANK OF AUBURN, N. Y.-Vignette two females sitting, State arms, &c. 5s, on the MECHANICS' BANK, R. I.-Vignette a female and an eagle between two 5s-a female with horn of plenty on right end-portrait of Washington on left end. THE SAVINGS BANK OF INDIANA, at this place, has been organized by the election of Judge Elisha Vance, as President, and L. D. Allen, Esq., late cashier of the Fayette County Bank, as cashier. The Savings Bank will be open for business on the 25th inst.-Connersville Telcgraph. From Thompson's Bank Note Reporter. Land Warrants. It has become difficult to deal satisfactorily in Warrants, from the fact that a large portion of those offering are defectively or objectionably assigned. We leave out our buying rates, and the selling are subject, just now, to frequent changes. Buying. Selling. $188 160 acre Warrants, 94 80 acre Warrants, 47 40 acre Warrants, Revolutionary Bounty Scrip is worth 2½ cents per acre more than Warrants-this arises from the fact that they are exempt from entry charges. This scrip is a richly engraved piece of paper, and is generally in 80 acre pieces. Beware of Virginia Warrants, which are printed on letter paper. They are next to worthless. Bills of the Ellsworth Bank, of Ellsworth, Maine, are not received at the Suffolk Bank, Boston. The bills of the Monsum River Bank, Sanford, Maine, are notreceived by the Suffolk Bank. New bills of the counterfeit 5s, on the Unadilla Bank, N. Y. are in circulation in this ctiy. LATEST COUNTERFEITS. Ashurelot Bank, N. H. 5s, spurious, vignette a female sitting down; a ship on the lower left corner; man with a scythe on the lower right corner. Atlantic Bank, Cape May, C. H. N. J. 5s, counterfeit, vignette a female seated on a rock, holding liberty staff and cap in her right hand, eagle and shield to her left, a ship on each side in the distance; FIVE in large red letlers over the entire length of the note; large 5 on each side of vignette; paper poor and thin-well done. Bank of America, Indiana. 5s, altered from 1s; circular die in the centre of the note; arched bridge on the lower right corner. Bank of Attica, Indiana. 5s altered from 1s, vignette locomotive and cars; female with shield, etc., on the left end. Bank of Montreal, Canada. 5s, spurious; steamer on the upper right corner; cattle on the left end; 5 in the centre and on the lower right corner; an eagle between the signatures. BOGUS SOVEREIGNS. A large amount of them are circulating near Mobile, of a thicker and lighter cast than the original. Ones on the Niagara District Bank, Canada, have made their appearance ot Cleveland-fac simile of genuine notes, cearser and a shade darker, and engraved signatures.

13. October 27, 1854 Plymouth Advertiser Plymouth, OH
Article from Plymouth Advertiser, October 27, 1854

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# The Failing Banks The Cincinnati Commercial publishes a statement of the Kanawha bank, (of Va.,) showing a very safe state of affairs in that institution, and remarks- "While we know nothing of the institution except through the showing which it makes, and the character of some of its stockholders, we have no reason to suppose that we are in possession of less information than those who are endeavoring to do it an injury. An amount of assets equal to one dollar and twenty-seven cents for each dollar of its circulation is not a very bad state of things, certainly. We do not present ourselves as endorsers of the solvency of this or any other banking institution, but we should be sorry at this time of pecuniary oppression, to see the mitchief aggravated by an unjustifiable suspicion of any concern whatever. Of the Kentucky Trust Co. Bank at Covington, the same paper says- "This institution, closed its doors yesterday morning. The public generally have been taken by surprise, though there are many who seem to have anticipated the failure. For many months the amount of paper presented for redemption has averaged about $80,000 per week, which, at the usual high price of gold for sometime passed, absorbed nearly the whole profits of the bank. It is thought by some that the bank will be able to meet its liabilities; by others it is considered a complete failure. We saw some of its money selling for 90 cents in Covington, soon after the failure, which, at least is an indication that some of the people there have full confidence in the ability of the institution. The bank has a cirsulation of $800,000, a considerable part of which has been put out but recently. Speaking of the present state of Banks and money matters generally, the Sandusky Register says: "There can be no doubt but that the public mind is unnecessarily excited about the Indiana currency. The issues of the Free Banks are secured on what are considered good public stocks, and these securities if not forced on the market in an untimely manner are unquestionably sufficient to redeem the issues with small loss to the public, A panic forces the issues and the securities on the market, and the labor of the country suffers the loss. Those papers, which are busy stirring up this monetary excitement, should think of the ultimate effect of these excitements ere they launch out upon their ill-considered crusade against the banks." The following is a list of banks that have bursted within a short time past: Patchin Bank, Buffalo. Farmers' and Mechanics' Bank, Oswego. Farmers' Bank of Canandaigua. Dovers' Bank, Ogdensburg. Bank of Carthage. Farmers' and Merchants' Bank, Md. Bank of Milford, Delaware. Farmers' and Merchants' Bank, Memphis, Massillon Bank, Ohio. Ohio Savings Institute, Tiffin. Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avenue Bank, New York. Bank of Ellsworth, Maine. Elkhart County Bank, Indiana. Bank of Northern Indiana. Bank of Washtenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Kentucky Trust Co. Newport (Ky.,) Safety Trust Bank. Savings Bank of Cincinnati. The Bank of Connersville. The Washington Star cautions the public against the reception of the notes of the Arlington and of the Farmers' and Mechanics' Banks of Washington. Both are worthless, being mere bogus machinery started there for the purpose of flooding the country with their irresponsible issues.

14. November 4, 1854 The Ottawa Free Trader Ottawa, IL
Article from The Ottawa Free Trader, November 4, 1854

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From Thompson's Reporter, Oct. 21. List of Banks which have Recently Failed Farmers' and Mc rehants' Bank of Memphis, Tenn., failed Aug. 16; no sale. Bank of Washtenow, Ann Arbor, Mich., failed Aug 21 ; no sale. Bank of Milford, Milford, Del., failed Aug. 21 ; no sale. Monsum River Bank, Sanford, Me., thrown out by the Suffolk Bank, Sept. 27; no sale. Erie and Kalamazoo Railroad Bank, Adrian, Mich., failed Oct. 6; no sale. Adrian Insurance Company, Adrian, Mich., failed Oct. 6; no sale. Ellsworth Bank, Ellsworth, Me., thrown out by the Suffolk Bank Oct. 6; no sale. Eighth Avenue Bank, N. Y. City, failed Oct. 6; 20 per cent dis. Knickerbocker Bank, N. Y. City, failed Oct. 12 ; 20 per cent dis. Suffolk Bank, New York City, suspended Oct. 12; par. Newport Safety Fund Bank, Newport, Ky., failed Oct. 16; no sale. Kentucky Trust Company, Covington, Ky., failed Oct. 18; no sale. Bank of Union, New York City, closing; par.

15. November 9, 1854 The National Era Washington, DC
Article from The National Era, November 9, 1854

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CAUTION ABOUT MONEYS SENT FOR THE ERA. We have said that we prefer the notes of Eastern to those of Western Banks, where our Western subscribers can obtain them without loss. If this be impossible, send us the notes of the State Banks or their branches in the Western States. The brokers here will not buy the issues of your free banks. We call attention to the following list of banks that have broken or suspended, or whose notes are not taken, reported in Thompson's Detector of October 21st: Farmers' and Merchants' Bank, Memphis, Tennessee. Bank of Washtenaw, Aun Arbor, Michigan. Bank of Milford, Milford, Delaware. Erie and Kalamazoo Railroad, Adrian, Mich. Adrian Insurance Company, Adrian, Mich. Ellsworth Bank, Ellsworth, Maine. Eighth Avenue Bank, New York city. Knickerbocker Bank, New York. Suffolk Bank, New York city. Newport Safety Fund, Covington, Ky. Union Bank, New York city. Kentucky Trust Company, Covington, Ky. Don't send any of these.

16. November 9, 1854 Fayetteville Observer Fayetteville, TN
Article from Fayetteville Observer, November 9, 1854

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Save ThisFor the convenience of our mercantile and other readers, says the Nashville True Whig, we have obtained from a reliable source the following list of Bank Notes of doubtful and bad repute. The list only comprehends such as are likely to come in circulation here. It is of the Obinterest to every reader of server-save it: GEORGIA. The following are all "Wild Cat" Banks, and are generally refused by Brokers here. Some take them, however, at 10 to 13 per cent. discount: Merchants' Bank of Macon. " " Manufacturers' Planters and Mechanics' Bank. Atlanta Bank. KENTUCKY. The two following Banks are suspended, and there is nomarket for their notes here: Kentucky Trust Company. Newport Safety Fund Bank. TENNESSEE. The first named Bank below is broke, and the notes of the second are no sale: Farmers and Mechanics' Bank of Memphis. Mechanics' Bank of Memphis. VIRGINIA. The following Banksare no sale: Bank of Kanawha. Trans-Alleghany Bank. INDIANA. All the Free Banks of Indiana are no sale. COUNTERFEIT QUARTER EAGLES. -Two counterfeit. quarter eagles have recently been taken at the New York Post office. Ther are thus described by the Journal of Commerce. "It is made from a genuine New Orleans mint die, stole some years since, and bears the "O" under the talons of the eagle, Prof. John Torry, assayer here, has analy zed the coin, and finds that it is made of a casing of pure gold, filled with silver, and probably with platina, to increase the weight. The = eight is 60 5-10 grains. It is therefore worth $1 17 in gold, and 8 cents in silver, or $1 25 in raw material, besides the labor of making. The maker and vender could not, therefore, realize more than $1 each, which would seem too small a profit, except that the counterfeit is SO well done that there is but little risk of detection."

17. November 16, 1854 The National Era Washington, DC
Article from The National Era, November 16, 1854

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CAUTION ABOUT MONEYS SENT FOR THE ERA. We have said that we prefer the notes of Eastern to those of Western Banks, where our Western subscribers can obtain them without loss. If this be impossible, send us the notes of the State Banks or their branches in the Western States. The brokers here will not buy the issues of your free banks. We call attention to the following list of banks that have broken or suspended, or whose notes are not taken, reported in Thompson's Detector of October 21st: Farmers' and Merchants' Bank, Memphis, Tennessee. Bank of Washtenaw, Ann Arbor. Michigan. Bank of Milford, Milford, Delaware. Erie and Kalamazoo Railroad, Adrian, Mich. Adrian Insurance Company, Adrian, Mich. Ellsworth Bank, Ellsworth, Maine. Eighth Avenue Bank, New York city. Knickerbocker Bank, New York. Suffolk Bank, New York city. Newport Safety Fund, Covington, Ky. Union Bank, New York city. Kentucky Trust Company, Covington, Ky. Don't send any of these.

18. November 24, 1854 The Belmont Chronicle, and Farmers, Mechanics and Manufacturers Advocate Saint Clairsville, OH
Article from The Belmont Chronicle, and Farmers, Mechanics and Manufacturers Advocate, November 24, 1854

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LIST OF BANKS WHICH HAVE REC ENTLY FAILED.-Thompson's Bank Note Reporter gives the following list of suspended Banks: Farmers' and Mechanics' Bank of Memphis, Tennessee failed Aug. 16. Bank of Washtenaw, Milford, Delaware, failed August 24th. Erie and Kalamazoo Railroad Bank, Adrian, Michigan, failed Oct. 6th. Adrian Insurance Company, Adrian, Michigan, failed October 6th. Ellsworth Bank, Ellsworth, Maine, thrown out by the Suffolk Bank, October 6th. Eighth Avenue Bank, New York city, failed Oct. 6. Knickerbocker Bank, New York city, suspended on the 11th of October. Suffolk Bank, New York city, suspended Oct. 12. Newport Safety Fund Bank, Newport Kentucky, failed October 16th. Kentucky Trust Company, Covington, Ky. failed October 15. Bank of the Union, New York city, closing.