Charter Oak Bank (Hartford, CT)

Episode Information

Episode UID
1847872790694
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
184787279 hash
Start Date
October 6, 1857
Location
Hartford, Connecticut (41.764, -72.685)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7b72326afc8cad5f

Response Measures

None

Description

Suspension tied to the 1857 liquidity crisis; injunction affecting the banks was later removed.

Events (3)
1. October 6, 1857 Suspension
Cause
Macro News
Cause Details
Pressure from the 1857 financial crisis and inability to meet specie demands; coordinated suspension with other Hartford banks.
Newspaper Excerpt
The Charter Oak, Mercantile, and Exchange banks have suspended specie payments.
Source
newspapers
2. October 17, 1857 Other
Newspaper Excerpt
The Charter Oak, Mercantile and Exchange Banks continue to receive the bills of the other suspended banks, and will not discount them unless they are conjoined.
Source
newspapers
3. December 4, 1857 Other
Newspaper Excerpt
The injunction against the Mercantile, Charter Oak and Exchange Banks of Hartford was this morning removed, and they are now prepared to do business as formerly.
Source
newspapers

Newspaper Articles (13)
1. October 6, 1857 The Washington Union Washington, DC
Article from The Washington Union, October 6, 1857

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BY TELEGRAPH. Arrival of the City of Washington, NEW YORK, Oct. 6.-The City of Washington," from Liverpool on the 23d, arrived here about 9 o clock this morning. The important news by this steamer was anticipated by the Anglo-Saxon at Quebec yesterday, but her advices add some interesting details from India. The East India Company had declined the proffer of the European and American Steamship Company to transport troops overland to India. Lord Elgin brought to Calcutta 1,700 troops from China, who were to proceed up the Ganges forthwith. He proposes to take to China some of the native Indian regiments, as they would be more faithful than in India. Gen. Neill, at Cawnpore, was compelling the highcaste Brahmins to wash the blood from the floors of the European soldiers, accelerating their movements by the use of the eat, and then hanging them. A letter to the Paris Patrie says that Nena Sahib was marching upon Lucknow with 15,000 men, and was four days ahead of Gen. Havelock. The fort at Lucknow was deemed impregnable. A fight had taken place between Canut and Laugham for the championship of England; but, after an engagement of forty minutes, darkness came on, and the fight was withdrawn. The Financial Crisis. NEW YORK, Oct. 6.-Willetts & Co., hardware dealers, have suspended. PHILADELPHIA, Oct. There was much excitement here last evening among the holders of the Reading Railroad stock, in consequence of the discovery that an act of the legislature of 1850, extending the bonds, makes the stockholders, individually, liable for all the debts of the company thereafter contracted, with a proviso not to include the bonds which may be issued in place of bonds already existing. NEW ORLEANS, Oct. 5. - Voorhees, Griggs, & Co. have suspended, but it is believed the suspension is only temporary. The markets are checked by the difficulty in getting cash for exchanges. Exchange on New York, 1 a 11 discount. Sales of sterling exchange are very small. CUMBERLAND, (Md.,) Oct. 5. Considerable excitement was created here this morning by the announcement that the Mineral Bank had assigned and closed its doors. This institution suspended specie payment some days ago, and had in circulation quite a large amount of paper in western Maryland, parts of Virginia and Ohio, and other points West. It sustained a good reputation heretofore. The impression prevails that it has become involved with the coal companies. Pennsylvania Legislature. HARRISBURG, Oct. S.-The legislature met, and the governor's message states that suspension was an imperative necessity, and suggests a relief by removing the penalties, provided that a resumption be made as early as practicable. A joint resolution is being debated in the house requiring the banks to furnish information of their condition before legislation should be had. More Banks Suspended. NEW YORK, Oct. 6. -The bills of the Lee Bank, Massachusetts, Mercantile, Charter Oak, and Exchange banks, of Hartford, Connecticut, and the Bank of Watertown, New York, have been thrown out. HARTFORD, Oct. 6.-The Charter Oak, Mercantile, and Exchange banks have suspended specie payments. The other banks have resolved not to suspend.

2. October 7, 1857 Worcester Daily Spy Worcester, MA
Article from Worcester Daily Spy, October 7, 1857

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Financial Matters. We have to notice the suspension, in Boston, of Proc tor & Wood, wool and produce commission house, City wharf. We understand they lost very heavily in wool sales by the failure some weeks since of F. G. Swan, a large commission house in New York. The Boston Advertiser authoritatively contradicts the statement that Mr. John A. Lowell has suspended payment or made an assignment. The Charter Oak, Exchange, and Mercantile Banks of Hartford suspended payment on Tuesday. These bills are not received at the Suffolk. Judge Merrick Monday afternoon granted an injune tion against the Western Bank of Springfield, as asked by the Bank Commissioners. The ground of injunction is the utter insolvency of the bank. The Commercial Bank of Bath has not failed. The bank is perfectly sound. Its charter expired Oct. 1, and it has gone into liquidation on that account. The Lowell Courier states that the MiddlesexCompany have concluded to keep their works in operation for the present, and that they continue to employ their usual number of hands. The faiures announced in New York on Saturday even ing, were those of Gage, Dater, & Sloan, dry Goods job bers; L. Bauer & Co., hosiery dealers; and Livingston & Ballard. grocers. The suspension of the latter, it is said, will be only temporary. At Baltimore on Saturday, the money market was much excited. and more stringent. They discounted only to a limited extent. Good first class notes are quoted at 11 per cent a month; money on call 11 to 2 per cent. Exchange on the North command 8 to 10 per cent. premium, and gold sold at 7 to 10 per cent. premium. The Philadelphia Ledger says the opinion entertained by some that suspension would afford relief to the money market, and thus put a stop to further failuresi is fast dying out. Suspensions are of almost daily occurrance. and arelikely. to continue for some time yet.

3. October 7, 1857 The Day Book Norfolk, VA
Article from The Day Book, October 7, 1857

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Monetary Affairs. PHILADELPHIA, Oct. 6.-There was much excitement produced among the Reading stock holders last evening by the discovery that the act of the Legislature of 1850 extending the bonds makes the stockholders individually liable for all the debts of the company, thereafter, with a provision not to include the bonds which may be issued in lieu of bonds already existing. NEW ORLEANS, Oct. 6.-Messrs. Worbees, Griggs & Co., have suspended. It is supposed, however, to be only temporary. NEW YORK, Oct. 6.-The bills of the Lee Bank, of Massachusetts, the Mercantile, Charter Oak, and Exchange Banks of Hartford, Connecticut, and the Bank of Watertown, New York, were thrown out here this morning. HARTFORD, Oct. 6.-The Chester Bank, Mercantile and Exchange Banks have suspended specie payments. The other banks have resolved not to suspend.

4. October 7, 1857 The Day Book Norfolk, VA
Article from The Day Book, October 7, 1857

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Bank Suspensions. HARTFORD, CT., Oct. 6.-Financial affairs here have grown very stringent and much excitement exists. Three of the prominent banks, viz:-the Exchange, Charter Oak, and Mercantile-have suspended specie payments. It is generally believed that other suspensions will soon take place throughout the State. NEW YORK, Oct. 6.-There is a shade more ease to-day in the money market, though great stringency still prevails. The banks continue to pay specie. PHILADELPHIA, Oct 6.-The money here remains tight. A good deal of excitement and dissatisfaction prevails amongst the loboring classes, who are subjected to losses on uncurrent funds.

5. October 7, 1857 The New York Herald New York, NY
Article from The New York Herald, October 7, 1857

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THE WESTERN BANK, SPRINGFIELD, MASS. BOSTON, Ost. 6, 1857 Judge Merrick, upon the motion of the Bank Commis sioners, has granted A temporary injunction on the West ern Bank of Springfield SUSPENSION OF THE BANKS OF HARTFORD. HARTFORD, Comn., Oct. 6, 1867. The Charter Oak Bank, the Mercantile Bank, and the Exchange Bank, suspended specie payment this morning The officers of all the other banks met last night and re solved not to suspend. THE FARMERS' AND MECHANICS' BANK AT DETROIT. DEPROIT, Oct 6, 1857. The Farmers' and Mechanion' Ba: k in this city has been placed under an injune lon by the Attorney General FAILURE IN GEORGETOWN. WASHINGTON, Oct 6, 1857. Messrs. F. & A H. Dodge, merchants and importers in Georgetown, are said to have made an assignment. Heretofore they were considered the heaviest business firm in the District of Columbia THE BANKS OF WILMINGTON. PETERSBURG, Oct. 6, 1857. The Petersburg Express says it is rumored here this evening that the banks of Wilmington and Cape Fear refueed to redeem their notes yesterday. The Commercial and Bank of the State redeemed everything All of them are said to be perfectly solvent. SUSPENSION IN NEW ORLEANS. New ORLEANS Ost 5, 1857. Messrs. Voorbies, Griggs & Co. have suspended, tempo. racily, it is supposed. LIABILITY OF READING RAILROAD STOCKHOLDERS. Philadelphia, Oct. 6, 1857. Much excitement was occasioned among the stockholders of the Reading Railroad last evening, by the discovery of an not of the Legislature of 1850 extending the bonds, which make stockholders individually liable for all the debts of the comp ny thereafter contracted, with a pro vision ' no: to include bonds which may be issued in Hou of bonds already existing." THE PHILADELPHIA STOCK BOARD. PHILADELPHIA, Oct 6, 1857. Stocks heavy. Pennsylvania State 5's, 19%; Reading Railroad, 13½; Morris Canal, 40; Long Island Railroad, 8; Pennsylvania Railroad, 37.

6. October 8, 1857 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, October 8, 1857

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Telegraphic News. New YORK, Oct. 6.-The screw steamship City of Washington, from Liverpool at noon 23d ult., arrived here this morning. Great activity prevailed in England in sending reinforcements to India. The overland mail steamer was to take 2000 troops from Malta to Alexandria, to be sent through Egypt to India. Several hundred troops will go out in succeeding steamers. The India Company had decided to engage the fleetest European and American steamers. Lord Elgin's mission to Calcutta was to propose an exchange of European for native Bengal regiments, as the Indians would prove sufficiently effective and more trustworthy in Canton than in their own country. Lord Elgin took with him to Calcutta 1700 troops, and marines in a naval brigade organized 10 proceed forthwith up the Ganges. The French Government had received dispatches from India, announcing that the governor of Pondicherry had, as a speculation, called upon the Admiral of the French fleet in the Indian seas, for some ships of war. Gen. Neil, at Cawnpore, was compelling all the high caste, or Brahmins, whom he could enpture, to collect all the bloody clothes of the victims and wash the blood from the floors, their movements being accelerated by the application of a cat. Afterwards the Sepoys were hanged one after another. One hundred Austrian officers have offered to serve in India. A London letter, in the Paris Patrie, asserts that Salif was marching upon Lucknow at the head of 150,000 insurgents, and as be was within four days of Gen. Havelock it was considered certain that he would effect a junction with the insurgents before the English Generals arrived. The Fort of Lucknow was well supplied with provisions and ammunition. It was deemed impregnable. Advices from St. Petersburgh report a great storm and fire on the Sandago Canal. 200 country crafts with their cargoes of produce were wrecked. The following is said to be the result of the new election in Moldavia: Out of 87 electors 66 have declared for the Union of the Principalities, 6 against, and 15 neutral. The election at Wallachia is to commence on the 18th. The Persian troops have evacuated Herat. DETROIT, Oct. 6.-The Farmers' & Mechanics' bank, of this city, has been placed under injunetton by the Attorney General. HARTFORD, Oct. 6.-The Charter Oak bnnk, tho Mercantile bank, and the Exchange bank suspended specie payment this morning.The officers of all the other banks met last night and resolved not to suspend. NEW YORK, Oct. 6.-Bills of the Lee bank, Mass., Mercantile bank, Charter Oak bank, and Exchange bank, of Conn., and the bank of Watertown, N. Y;, are thrown out to-day. The Weare bank, N. H., was thrown out. The bille of the bank of Lima, N. Y., were again taken. BOSTON, Oct. 6.-Judge Merrick, on motion of the bank Commissioners, has granted a temporary injunction upon the Western bank of Springfield, Mass. HARRISBURG, Pa., Oct. 6.-The Legislatore convened to-day. Gov. Pollock delivered his message, suggesting measures for there. lief of the banks and public. BUFFALO, Oct. 6.-The New York State Fair opens to-morrow, and continues for three days. The entries up to this noon are over 2,500.-A greater number than ever before made. The weather is very favorable.

7. October 8, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 8, 1857

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DISCREDITED DANKS. The following is a corrected list. to date, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R 1. America Bank, Trenton, N,J., Agricultural bank, Tenn. Agricultural Dank, Herkiner, N.Y. Bergen County Bank N.J. Bank ofCasandigua, N. Y. do Naperville, Iif. do Belleville, do do Nashville, Tennessee. do Springfield, Ohio. do T cumsch, Machigan. do Orieans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R.T. do Halloweil, Me. do America, Lenn. do West Termessee, Tenn. do Parts, Term. do Corn If N.Y. do the South County, R.I. do North America, Connecticut. do Kanawha. Virginia. do Eig 11, III, S. S., small circulation. do the Capitol, Indianapolis, Ind., S. do Midd.etos, Penn. do Wateriown, N.Y. do Clrester, III. do Egm, do to Pine County, III. Central Bar k, Indianapolis, Ind., 4. S. Chemung County Bank. Horse Heads, N. Y., S. Changer Bank, Columbus, Olfio. Qty Bank, N.J. Cumberland Savings Institute, Md. Contrercial Bank, Columbia, N. C. Citizens' Bank, Tenn. Corn Exchange Bank, 111. Charter Oak Bank, Ha ford, Conn. Colchester Bank, Conn. Dan' Bink, Dayton Bank. Ohio. Diryman's bank, Newport, N.Y. ellsworth Bank. Maine. Exeter Bmk. N. 11. Exchang Bluk. Pa Ex hange Bank. Huttford, Conn. Farmers' Dank 01 catoga Co., N. Y.,s.s Farmers' and Ma niccurer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R. 1. Farmers & Mechandes' Bank, Kent county, Md. Farmers and Merchants' Bank, Mile Fairfie teanny Bank, Norma Ct. Fumers & Mechinics Bank, K, Detro i, Mich. Homes late Bank, Pennsylvania. Hollis è Bar k, Buffalo, N. Y.,s. S. Hancock Bank, Maine. Hugedo Bank, N.V. II pkinton Bank, Westerly. R T. Hamilton Exchange Bank, Hamilton, N. Y. Island City Bank, N. chy. Jefferson is unty BADK. N. 1. Lee Bank, Massa his ets. Mechanics' Bank ng Association, N. Y., S Mount Vernon Bank, Providence, R. I. Maine. Monson River Bank, Me, Macrints County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Mortan Bink, (hi) Mami Valley Ba ", Ohio. Mistina Bank, Medina, N.Y. Minison Bank Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercur e Bank, Hartford, Coun. Y. Security Kank N.Y. N Sins % money has een thrownetit by St. Louis powers, excepting the Back of Florence. N inthra River Bank, Tonawanda, N. Y,, reported fulled, S.S. 0 tario Bank. Utica, N.Y. Ohio Life Trust impany, don't issuenotes. Oliv Lee & CO. Bank, N. -reported failedys. S. Ocoee Bank, Tenu, Ontario Count Bank, Phelps, N.V. People's Bank, N, N.Y. city. reported failed, S. S. Paweatuck Bank, Pawcatuek, Ct. Port Plain Bank. N, Y.,3.8 Recipred Bank, Buffalo, N. Y., new bank, S.S. Rhode Island Central Bank, R.I, Sanford Bank, Me. Sackett's Harbor Bank, N.Y. South Royalton Bank, It. Seneen County Bank, Ohio. Southern Bank, Georgia. Steck Security Bink, Illinois. presance Bank, Lowansport, Ind. Tiverton Bank, Full River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N. Y. Warwick Bank, R.J. Wonster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. S." meins securei by state stock. Most of these Banks will pay their circulation in full, and hol lers of their bills should not submit to a large discount on them.

8. October 8, 1857 The New York Herald New York, NY
Article from The New York Herald, October 8, 1857

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In relation 10 the suspension, the Hartford Times of last evening remarks:For the past three weeks, as we have repeatedly stated, the pressure upon be banks of No , England has bear gearer than they were, as a general thing, able to bear. They have assets-notes of indi-iduals and corporationsthat would if available, pay ff ali toeir deposite. all their bills, and leave a surplus. But they cannot collect these assets If a note is due, the maker of the note cannot osy it, in times like these If he pays 50 per cent of 16, no does pretty well. This cramps the banks fne, cannot mestthe degands upon them in gold, or specie funds, BY long as they annot reach that which is due inem. Oae bank after another has falien-every day brings us re ports of several suspensions Several of our banks have, under ti 040 circumstances, concin to supend, for the present They are the Exchange, an old bank The Mercan lie, a new one, whose securities were taken from the Siate Treasury, under the act 0) 1865 lbe Charier O.K, a'so a new one, like the Mercantile. These bar ks fluding an immediate pressure on them greater than they could meet, agreed this morning (0 tober 6.) to stop paying specie. they continue wi.h open doors, and do busis ess, but do not redeam heir notes It 1. said that the Har ford, Connecticut River Phoenix, Farmer' and Mechanics', City and State banks, are able to sustain specie pay ments. The suspended banks claim to be solvent, and that they will be able to pay not only bills and depositors, out also render so nd aweets to meet the par value of the sook. The Exchange has been lame the 1. ngest, and is probably the sorest But we doubt not that 18 will pay all of its only and de osits, and probably be good for a part, if not a good share, of its stock. The remaining banks of Hartford have issued the annexed card:To THE PUBLIC Tbe announcement that three banks in Hartford have this day suspended specie pay ments, leads the six other banks, undersigned, to state publicly:1 That they believe themselves (ully able to justify and preserve the public comfidence heretofore reposed in them, and to that end, 2 They, for themselves, deem it their imperative duty not to suppend pecte payments H A. PERKINS, President of Hartford Bank. GEORGE BEACH President of Proenix Bank ALFRED AMI H. President of Connecticut River Bk'g Dr. CHARLES BOSWELL, President of Far's and M'cns Bk. T BEIKNAP, President of State Bank. G F DAVIS, President of City Bank of Hartford. BARTFORD, October 6, 1867. The Auditor of the State of Indiana has just reported the condition of the circulating department of the banks of the State, on the 1st of October, 1857, to have been me follows:-

9. October 9, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 9, 1857

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DISCREDITED BANKS. The following is a corrected list, to date, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R I. America Bank, Trenton. N.J., Agricultural Bank, Tenn. Agricultural Bank, Herkimer, N. Y. Bergen County Bank N.J. Bank of Canandaigua, N. Y. do Naperville, III. do Believille, de do Nashville, Tennessee. do Springfield, Ohio. do Tecumsch, Michigan. do Orleans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R.I. do Hallowell, Me. do America, Tenn. do West Ternessee, Tenn. do Paris, Tenn. do Corning. N.Y. do the South County, R. I. do North America, Connecticut. do Kanawha. V Tirginia. do Eigin, III., S. S., small circulation. do the Capitol, Indianapolis, Ind., S. S. do Middleton, Penn. do Watertown, N.Y. do Chester, III. do Eigin, do do Pike County, III. Central Bank, Indianapolis, Ind., S.S. Chemting County Bank, Horse Heads, N.Y., S. S. Clinton bank, Columbus, Ohio. City Bank, N.J. Cumberland Savings Institute, Md. Commercial Bank, Columbia, S. C. Citizens' Bank, Tenn. Corn Exchange Bank, Ill. Charter Oak Bank, Hartford, Conn. Colchester Bank, Conn. Dan Bank, Vt. Dayton Bank. Ohio. Dairy Bank, Newport, N.Y. Ellsworth Bank. Maine. Exeter Bank. N. H. Exchange Bank, Pittsburgh, Pa Exchange Bank. Hartford, Conn. Farmers' Bank of Saratoga Co., N. Y.,s.s Farmers' and Manufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R.I. Farmers & Mechanics' Bank, Kent county, Md. Farmers and Merchants Bank, Md. Fairfield County Bank, Nor. alk, Ct. Farmers & Mechanics' Bank, Detroit, Mich. Honesitate Bank, Pennsylvania. Hollister Bar k, Buffalo, N. Y., S. Hancock Bank, Maine. Hugenot Bank, N.Y. Hopkinton Bank, Westerly. R T. Hamilton Exchange Bank, Hamilton, N.Y. Island City Bank, N. Y. city. Jefferson County Bank. N. Y. Lee Bank, Massa husetts. Mechanics' Banking Association, N. Y., S.S. Mount Vernon Bank, Providence, R. I. Maratine Bank, Maine. Monson River Bank, Me. Macomb County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Morgan Bank, Ga. Miami Valley Bank, Ohio. Medina Bank, Medina, N.Y. Munson Bank, Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercar tile Bank, Hartford, Conn. N.Y. Security Bank, N.Y. Nebraska m ney has been thrown out by St. Louis brokers, excepting the Bank of Florence. Niagara River Bank, Tonawanda, N. Y., reported failed, S.S. Ontario Bank, Utica, N.Y. Ohio Life Trust Company, don't issue notes. Oliver Lee & co. Bank, N. Y.-reported failed, S. S. Ocoee Bank, Tenn. Ontario County Bank, Phelps, N.Y. People's Bank, N. V. city. reported failed, S. S. Pawcatuck Bank, Pawcatuck, Ct. Port Plain Bank. N. Y.,s.s Recipr city Bank, Buffalo, N. Y., new bank, S. S. Rhode Island Central Bank, R.I. Sanford Bank, Me. Sackett's Harbor Bank, N.Y. South Royalton Bank, Vt. Seneca County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N.Y. Warwick Bank, R. I. Wonster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. 8." means securet by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.

10. October 10, 1857 Weekly National Intelligencer Washington, DC
Article from Weekly National Intelligencer, October 10, 1857

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SUSPENDED BANKS EASTWARD. The New York Sun gives the following list of Banks located east of Maryland which have suspended specie payments : MAINE. Canton Bank, China. Monsum River Bank, Sanford. Exchange Bank, Bangor. Sanford Bank, Sanford. NEW HAMPSHIRE. Exeter Bank, Exeter. Weare Bank, Hamilton Falls. RHODE ISLAND. All suspended specie payments. MASSACHUSETTS. Bass River Bank. Western Bank, Springfield. Lee Bank, Lee. VERMONT. Danby Bank, Danby. South Royalton Bank, South Stark Bank, Bennington. Royalton. CONNECTICUT. Bridgeport City, Bank, Bridgeport. Thompson Bank. Bank of Hartford County. Windham County Bank. Bank, of North America, Seymour. Mercantile Bank, Hartford. Colchester Bank, Colchester. Exchange Bank, Hartford. Pawcatuck Bank. Charter Oak Bank, Hartford. NEW YORK. Agricultural Bank, Herkimer. Island City Bank, N. Y. city. Leonardsville Bank. Bank of Canandaigua. Bank of Central New York, Utica. Mechanics' Banking Association, Bank of Lima. New York city. Bank of Old Saratoga. Medina Bank. Bank of Orleans, Albion. Niagara River Bank, Tonawanda. Bank of Watertown. Oliver Lee's Bank, Buffalo. Chemung County Bank. Ontario County Bank, Phelps. Dairymen's Bank, Newport. Ontario Bank, Utica. Farmers' and Citizens' Bank, L.I. Oneida Central Bank, Rome. Farmers' Bank, Hudson. Powell Bank, Newburgh. Hamilton Exchange Bank. Reciprocity Bank, Buffalo. Hollister Bank, Buffalo. Sacketts' Harbor Bank, Buffalo. Hudson River Bank. Western Bank, Lockport. Huguenot Bank, New Paltz. Worthington Bank. Yates County Bank, Penn Yan. NEW JERSEY. America Bank, Trenton. Bank of N. J.; N. Brunswick. Bergen County Bank. Bordentown Banking Company. Burlington Bank. Burlington County Bank. Camden Bank, Camden. Cumberland Bank, Burlington. Farmers' and Mechanics' Bank, Gloucester Bank, Woodbury. Camden. Hunterdon County Bank. Mount Holly Bank. Phillipeburgh Bank. Princeton Bank, Princeton. Salem Banking Company, Salem. Union Bank of Frenchtown. PENNSYLVANIA.

11. October 12, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 12, 1857

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DISCREDITED BANKS. The following IS a corrected list. todate, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, H I. America Bank, Trenton. N:J., Agricultural Bank, Tenn: Agricultural bar. K; herkiner, N. Y. Bergen County Bank N.J. Bank 01 Canandaigtta, N.Y. do Napervilie, Iii. do Beleville, de Nashville, Tennessee. do do Springfield, Ohio. do Toumseh, Michigan. do Orieans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R.I. do Halloweit, Me. do America, Tenn. do West Ternessee, Tenn. do Paris, Tenn. do Corning. N.Y. do the South County, R.I. North America, Connecticut. do do Kanawha. Virginia. do Elgin, III., S. S., small circulation. do the Capitol, Indianapolis, Indes. S. do Middleton, Penn. do Watertown, N.Y. des Chester, Li. do Eigin, do do Pike County, Ill. Central Bank, Indianapolis, Ind.,,s. Chemung County Bank, Horse Heads, N.Y.,s.s. Clinton Bank, Columbus, Ohio. Cty Bank, N.J. Cum erland Savings Institute, Md. Commercial Bank, Columbia, S. C. Citizens' Bank, Tenn. Corn Exclusive Bank, III. Charter Oak Bank, Hartford, Conn. Colchester Bank, Com. Danly Bank, Vt. Davton Bank. Ohio. Dairyman's Bank, Newport, N.Y. Ellsworth Bank. Maine. Exeter Bank. N. H. Exchange Bank. Pittsburgh, Pa Exchange Bank. Hartford, Corn. Farmers' Bank of Saratoga Co., N. Y.,s.s Farmers' and Mmmufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickfort, R.1. Farmers & Mechanics' Dabs ent county, Md. Farmers and Merchants' Bar Md. Eairfie County Bank, Nor alk, Ct. Farmers N Arechanics' Buk, Detroit, Mich. Honesdale Bank, Pennsylvania. Hollister Bai k, Buffalo, N. Y.,s.s. Harcock Bank, Maite. Hugenot Bank, N.Y. H pkinton Bank, Westerly. R T. Hamilton Exchange Hank, Hamilton, N.Y. Island is Bank. Yreity, Jefferson 1 anty Bar K. N.Y. Lee Bilik, Massa have ts: Mechanics' Banking Association, N. Y., Mount Verhon Bank, Providence, R. I. Maratine Bar K, Maine. Monson River Bank. Mark Madomb County Bank, Mehigane Mechanics' Banking Association; N. Treity, Morizan Bank, Ga. Miami Valley Bar K, Ohio. Medina Bank, Medina, N.Y. Munson Bank. Mass. M rehants & Manufacturers' Bank, Pittsburgh, Pa. Mercantile Bank. Hardford, Coub. N.Y. Security Bank, N. Y. Nebraska money has been thrown out by St. Louis brokers, excepting the Banks Florence: Niagara River Bank, Tonawanday N.Y., reported failed, S.S. Ontario Bank, Utica, N.Y. Ohio Life Trust Company, lon'tissue rotés: Oliver Lee & co. Bank, N. reported failed, S. S. Ocnee Bank: Tenn. Outario County Bank, Phelps, People's Bank, N.Y city. reported failed, S: S. Paweatuck Bank, Paweatuck. Ct. Port Plain Bank, N. Y..s.s Reciprecity Bank, Buffak, N. YL. frew bank, S. Rhode Island Central Bank, R:1: Sanford Bar K/Me. Sackett's Harber Banks N. South Royalton Bank, It. Seneer County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N.Y. Warwick Bank, R. I. Wonster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. S." means securet by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.

12. October 28, 1857 Weekly Council Bluffs Bugle Council Bluffs, IA
Article from Weekly Council Bluffs Bugle, October 28, 1857

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Hartford, Oct. 17. The Charter Oak, Mercantile and Exchange Banks continue to receive the bills of the other suspended banks, and will not discount them unless they are conjoined.

13. December 4, 1857 The New York Herald New York, NY
Article from The New York Herald, December 4, 1857

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its operations, protect those with whom it in connected in the struggle, BO that they can exercise their full power and influence in allaying undue excitement, and relieve the pressure by preserving public credit. The Bank of England has a duty to perform during a financial revulsion which compels it to extend its resources and risk them where others would hesitate. The banks of this city can draw themselves within their stone walls and leave the community to take care of themselves as they best can. The Bank of England looks to the preservation of public confidence, by sustaining, if called upon, those houses which, in times of panie, attract the greatest attention. The Bank of England is now engaged in this important movement, and its judicious management may quiet the public mind, and bring about, at no distant day, a more healthy state of things in the financial world. Our banks have piled up in their vaults nearly twenty-five millions of bullion, reduced their discounts to less than ninety-five millions of dollars; and there they stand, perfectly regardless of any national or local interest, and disposed, doubtless, to wait patiently the recovery of confidence and business. The injunction against the Mercantile, Charter Oak and Exchange Banks of Hartford was this morning removed, and they are now prepared to do business as formerly. All of these banks are in a first rate condition. The quantity of flour, wheat, corn and barley left at tidewater during the fourth week in November, in the years 1856 and 1857, was as follows:-