19136. Pennsylvania Bank (Philadelphia, PA)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: September 26, 1857
Location: Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model: gpt-5-mini
Short Digest: 31ed07c7

Response Measures

Partial suspension

Other: Bank ultimately assigned (effectively failed/liquidation); president assigned property for bank's benefit and bank moved toward assignment/receivership.

Description

Contemporary reports (Sept. 1857) describe crowds and heavy withdrawals at the Pennsylvania Bank (run), the bank reopening but refusing specie, and then suspending specie payments as part of the wider panic. Subsequent reports (Feb 10, 1858) record an assignment by the president and moves toward liquidation, indicating permanent closure/assignment. Cause of initial run tied to wider bank suspensions/news from other banks (panic), not a discrete misinformation event.

Events (3)

1. September 26, 1857 Run

Cause: Local Banks
Cause Details: Crowds and heavy withdrawals triggered by suspensions and adverse news about other banks (news from Baltimore and local bank suspensions) during the 1857 panic.
Measures: Reopened and transacting business while refusing to pay specie; certifying checks and paying its own notes for checks (refused specie).
Newspaper Excerpt: Third and Chestnut streets are again the scene of excitement. Crowds surrounded the savings institutions... The Pennsylvania Bank opened, and is transacting business, but paying no specie.
Source: newspapers

2. September 26, 1857 Suspension

Cause: Local Banks
Cause Details: Suspension of specie payments amid the city-wide panic and runs on multiple Philadelphia banks; Pennsylvania Bank stopped redeeming notes in specie leading to broader suspensions.
Newspaper Excerpt: The stoppage of the Pennsylvania Bank was, perhaps, the principal cause in Philadelphia. The pressure ... resulted in the suspension of specie payments by the Philadelphia Banks, on Saturday last.
Source: newspapers

3. February 10, 1858 Receivership

Newspaper Excerpt: At a meeting of the stockholders of the Pennsylvania Bank it was announced that Mr. Allibone has assigned his property for the benefit of the Bank. A resolution for an assignment by the Bank was adopted.
Source: newspapers

Newspaper Articles (25)

1. September 28, 1857 The New York Herald New York, NY

Article from The New York Herald, September 28, 1857

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THE LATEST BY TELEGRAPH. THE CRISIS IN PHILADELPHIA. PHILADELPHIA, Sept. 26, 1857. Third and Chestnut streets are again the soene of excite ment. Crowds surrounded the savings institutions before 0 o'clock A M. They decline paying ont deposits, requiring two weeks' notice. The banks were besieged before ten o'clock. The Pennsylvania Bank opened, and is transacting business, but paying no specie. The Mechasice' Bank is paying specie for tens. The Girard Bank re fuses to do any business, and renders no satisfaction to depositors or note holders. Additional excitement was produced by the news from Baltimore of suspensions there. The Tradesmen's Bank pay everything-cheeksand all. The Bank of North America is paying all its notes. It received specie from New York last night, and represents that they have more in their vaults than the amount of bills. They are certifying checks. The following banks are paying specie for bills:-Dommercial, Manufacturers' and Mochanics', and Philadelphia. The Farmers' and Medhanics' pays specie for tens. The Northern Liberties and Wostern pay specie for fires in cases of necessity. The Bank of Pean Township and the City Consolidation Bank pay nothing. All banks, however, except the Girard, certify checks. The Girard has entirely suspended business. Some of the banks will receive no deposits. The Board of Brokers passed a resolution this morning to the effect that all settlements in the purchase of stocks may be made by certified checks on any of the city banks surrent on the day of settlement. The Southwark Bank pays apecie for all Its bills. The Bank of Kensington pays for fives only. The Pittsburg, Harrisburg, Lancaster and Reading banks have suspended. It is understood that application will be made to the Governor for the call of an extra session of the Legisla ture, with the view of affording relief to the banks from the penalty of forfeiture of charter imposed by the law of 1860. Several of the banks, however, are not acting under this law, including the Penasylvania, Farmers' and Mechanics', Philadelphia and Western. The Bank Presidents have had a conference with the Governor, and asked him to call a special seasion of the Legialature for October 6. The Governor expresses a desire to consult Attorney General Fracklin, who is not in town. No doubt the proclamation calling as extra session will be Issued on Monday morning. THE BANKSOF PITTSBURG. PTTISBURG, Sept. 26, 1857. There is no concert of action amonget the banks of Plttsburg in regard to future policy. All of them continue to pay coin for small demands. The Merchants' and Manufacturers', Exchange, and Citizens' banks are paying the small demands made by laborers, operatives and others butjare refusing the demands of banks and brokers. The Bank of Pittsburg has resolved to pay in full. SPECIAL SESSION OF THE LEGISLATURE OF PENNSYLVANIA. PHILADELPHIA, Sept. 27, 1857. It is understood that the Governor has determined upon calling a special session of the Legislature, to assemble on the first Tuesday in October. The proclamation will be issued to morrow. HALF PAST FOUR O'CLOCK P. M. His Excellency, Governor Pollock, arrived in this city last evening, from Harrisburg, and will issue a Proclamation to morrow, calling a special meeting of the Legislature to devise means of relief to the present monetary crisis. It is thought he will recommend a general suspension of specie payments by the banks until March next. THE EFFECT IN NEW JERSEY. THE BANKS OF TRENTON-FAILURE OF JAMSS 8. STERLING. TRENTON, N. J., Sept. 26, 1837. Our banks to-day had a steady run upon them, and they paid out about eight thousand dollars in specie each. They are all in very good conditi in and think they will be able to weather the storm. Only two backs in this State have suspended. James 8. Sterling, one of our heaviest merchants, made an assignment, but his AMBUSE are amply sufficient to cover his liabilides. SUSPENSION OF BANKS OF BALTIMORE. HALTIMORE, Sept. 26, 1887. AH is quiet about the banks now. A large number of brokers arrived here this morning. The banks are now paying the checks of depositors and redeeming notes. A meeting of Presidents will be held at ten o'clock, when 11 is thought that they will suspend payment on all sums over $10. There is now little or no excitement. The suspension since ten o'clook is total, with the ex ception of accommodating the bank customers with & few dollars of change. There is 00 FOR apon the a Logo benks. We have but

2. September 28, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, September 28, 1857

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LATEST NEWS. THE RECEIVED BY MAGNETIC TELEGRAPH BANK DIFFICULTIES. THE BANKS OF PHILADELPHIA, PHILADELPHIA, Saturday, Sept. 26, 1857. Third and Chestnut streets are again the scene of excitement. Crowds surrounded the Savings Institutions before 9 o'clock 8. m. out two banks deposits, requiring weeks' They notice. decline The paying were besieged before 10 o'clock. The Pennsylvania Bank reopened, and is transacting business, but paying LO specie. The Mechanics' Bank is paying specie for tens. The Girard Bank has come to terms partially, re. deeming fives with specie, but refusing to honor the checks of depositors. Most of the other banks are marking checks good. There is no concert of action among the Banks each is apparently taking a different course. The Bank of North America is paying specie for tens, but issuing no notes on checks. The Bank of Commerce is refusing specie, but is paying out notes for checks. The following banks are paying specie for 5a: Commercial, Manufacturers and Mechanics', and PhiladelThe Farmers and pay The Northern Liberties pay specie phia. 10s. Mechanics' and Western specie for for bills in cases of necessity. The Bank of Penn Township, and the City Consolidation Bank pag nothing. All banks, however, except the Girard, certify checks. The Girard has entirely suspended business. Some of the banke will receive no deposits. 11:15--a. m. The Girard Bank is now paying specie for fives and certifying checks. The Tradesman's Bank pays everything, checks and all. The Bank of North America is paying all its notes. It received specie from New-York last night, and represents that it has more in its vaults than its amount of bills. It is certifying checks. The Board of Brokers passed a resolution this morning to the effect that all settlements in the purchase of stocks may be made by certified checks on any of the city banks current on the day of settlement. The Southwark Bank pays specie for all its bills. The Bank of Kensington pays for fives only. The Pittsburgh, Harrisburg, Lancaster and Reading banks have suspended. 7 p. m. A meeting of the presidents of the banks was hold this afternoon, and it is reported that a for want of concert of action they adjourned without arriving at any determination. It was thought they would determine on a full suspension, as practiced by some of the banks to-day, but which was not general on account of the North America, Mechanics', and some of the other banks receiving a supply of specie. There was also a meeting of the cashiers of the vs. rious banks, but their action is not yet known. 19 p. m. The bank presidents met to-night. They had & conference with the Governor, and asked him to call a special session of the Legislature for October 6, withthe view of affording relief to the banks from the penalty of forfeiture of charter imposed by the law of 1850. Several of the banks, however, as not acting under this law, including the Pennsylvania, Farmers' and Mechanics', Philadelphia and Western. The Governor expresses a desire to consult Attorney-General Franklin, who is not in town. No doubt the proclamation calling an extra session will be issued on Monday morning. PHILADELPHIA, Sept.27,1857. It is understood that the Governor has determined upon calling a special session of the legislature, to as semble on the first Tuesday in October. The prociamation will be issued to-morrow.

3. September 29, 1857 The Davenport Daily Gazette Davenport, IA

Article from The Davenport Daily Gazette, September 29, 1857

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LATEST NEWS Bank Matters in and Other Cities. Pennsylvania Bank & Girard Bank Re-opened. New York and Beston Banks strong. 1 PHILADELPHIA, Sept. 26. Third and Chesnut sts. are again the scenes of excitement, crowds surrounding the Saving's Institution before 9 a. M. They decline paying out deposits, requiring two weeks notice. The banks were beseiged before 10 o'clock. The Pennsylvania Bank: reopened, and is transacting business, but paying no specie. for refuses to The tens. Mechanics The Girard Bank Bank is paying specio do any business, and renders no satisfaction to depositors and billholders. The Girard Bank bas now come to terms, partially redeeming S's with specie, but refusing to honor checks of depositors. Most of the other banks were making checks good. There is no concert of action among the banks; each apparently taking a different cou s T ie Bank of Nor. h America is pay ing specie for 10's. but is issuing no notes or checks. The Bank of Commerce is refusing specie, but is paying notes for check PHILADELPHIA, Sept. 26.-11:15 A. M. The Girard Bank is now paying specie for fives and certified checks. Additional exeitement was produced by the Board of brokers passing a resolution this morning to the effect that all settlements in the purchase of stocks may be made by certified checks on any of the city banks current on the day of settlement. Private despatches say that the Banks in Reading and Pittsburg have suspended, the South Ward Bank pays specie for all the bills. The Bank of Kensington pays for fives only Boston Sept. 26 There are no signs yet of a bank suspension. Our Banks, as those of all New England, are unusually strong, and it is be lieved they will successfully resist all pres sure. New York, Sept. 26 Our Banks are all strong, and the utmost confidence is exhibited in them. The course of exchange on Philadelphia is at u complete an stand. The only figure heard of is of of fer to sell Philadelphia funds at 10 per cent discount. The Banks have issued n circular on account of the suspension of the Philadelphia banks, notifying their customers that all collections maturing out of the city of New York, will at the option of the dealer, be either recalled, or if paid, be subject to drafts of the banks payable in funds current at the point in payment.

4. September 29, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, September 29, 1857

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BANK DIFFICULTIES. THE PHILADELPHIA BANKS. PHILADELPHIA, Monday, Sept. 28, 1857. The Banks are pursuing the same course to-day that they pursued on Saturday. The Girard Bank is paying out specie on five dollar bills, and the Mechanics' and Southwark on all their notes. The Bank of North America suspended about 11 o'clock, and the suspension will now probably become general. PHILADELPHIA, 12 M. The Mechanics' Bank now redeems notes of $5 only. The following banks also redeem fives only: The Consolidation, the Northern Liberties, the Mechanics' and Manufacturers', the Commercial, the Western, and the City. The Philadelphia Bank pays out no specie, but redeems checks with its own notes. PHILADELPHIA-1 p. m. The Pennsylvania Bank is now paying out its own notes for checks, but refuses specie. The Mechanics' and Manufacturers' Bank is paying no specie. All the Banks of the city have changed their course since the opening hour. Some of them refuse to certify checks, but give due-bills to deposit with other Banks. It is just rumored on the street that the Governor refuses to issue a proclamation calling the Legislature together, unless the Pennsylvania Bank is placed OR & par with the other Banks, and her notes received on deposit. All is confusion and disorder, but it is not attended with the excitement that has existed in former days of trouble. Every kind of business is completely paralyzed, and it is impossible to make collections. 9 P.M. The Board of Trade have determined to call a meeting for & public expression of the various business interests of the city, with reference to the proposed legalization of the suspensions, believing that the best interests of the community and the State will be subserved thereby. It was suggested at the meeting of the Board this evening that where parties have notes protested only because they refuse to pay other than in par currency, it is the duty of the collecting bank or agency to have that fact made as public as the protest. The Presidents of the Banks have agreed to rectore the Bank of Pennsylvania to & position at the ClearingHouse and to receive its notes and discount liberally for their customers. Had this been sooner done there would have been no suppensions. SPECIAL SESSION OF THE LEGISLATURE. The proclamation of the Governor to convene an extra session of the Legislature will be published to. morrow morning. The proclamation saye: Whereas & perious financial revulsion resulting in the suspension of epecie payments by the Backs of this and other States, and wheresa, the fatlure of many long established commercial houses is leading to the destruction of confidence and to a general embarrasement and deprese on in trade, and is threatening to affect, disastrously. the credit of the Commonwealth and the great industrial interests of the people, and it requiring prompt and efficient action to relieve the alarmed and suffering community, therefore, I convene the Legislature, to meet on the 6th of October, and adopt such measure as the present exigency requires." The Governor has not yet determined what course to pursue regarding a special session of the Legisla. ture. Two Committees-one from the Banks-are now in private conference with him. Much feeling is said to exist between the banks-some, which are incorporated under the old law, and do not forfeit their charter, opposing the call of the Legislature. It is stated that if the Governor does not countermand his order, the proclamation will be issued to-morrow morning.

5. September 30, 1857 The Daily Dispatch Richmond, VA

Article from The Daily Dispatch, September 30, 1857

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DAILY DISPATCH. WEDNESDAY MORNING SEPTEMBER 30. 1857 THE FINANCIAL PANIC! Further Suspensions in W Inches. ter. North Carolina, and Wheel ing. The excitement in the Money market is unaba ted. and gains additional fuel from the hourly an nouncement of suspensions at the North. MATTERS IN PHILADELPHIA The Philadelphia Ledger of Monday, speaking of the monetary panic there, on Saturday, says At a very early hour on Saturday, the excite ment regard to monetary affairs. and the cour of the Banks. was renewed. It first man self in the market houses, and arese from the fa sel that the farmers. who had come to the city to their produce, refused to take the notes of any the banks, without single exception. manded specie, which many were destitute and were to a put obtain The general belief that all the banks had conclud suspend specie yments, no doubt induced th farmers to refuse the notes. Most. not all. of the victual pursued different course. They only rejected the notes the Penns Ivania and Girard Banks. All others freely taken, which had a what effect tranquilizing the hour for opening the banks approached. gathered groups on the day before. was the subject earnest lis It was evident that many who formed the crowds there from alone. curiosity As became known the designed citement, to a very great fortunate of notes this hastened exchange them for hard and paying tellers were kept busy during the day Checks not paid bank far so could but five dollar notes deemed all, except the Pennsy Ivania and Penn ownship. The Ledger discussing the position of the banks there says They cannot discount. but will probably agree mark checks 'good their deposits. will received by the other banks payment them. Marked chec short time species of the from banks. city and these will used they liquida stringency the in money It fallaciou was a hope on the those part of who chants urged the banks. with the that would afford relief the market. Independent stab which the financial will be very the of that opposite hoped falling due may be extended on the payment of mark by checks. but this tone or energy to business. and trade must flag so long well Philade as morals in resump until will phia, secondar position any point or city, the trade of which i based on coin now in the very leasant dilemma of community without legal currency will be as soon banks redeem the their limite very lations Under existing laws there is no currency other than by the earning inviting hith than giving remain the until of bank all that notes come us illegall well it fact known that will not the in same time Men emple their pay labor. much they money deposit the Savings Funds, the inability those into general currence drawn against and when may debts: coin But the itself. as differ hides and paper almost be without wholly hand the hand to day butcher. ends daily their fac subie the the The of causes fi be future for Bank informs it us that being its bills pr itself ready as any the of assets Saturday able to pay. Bauk the North and America, are under agreement, follow agreed by the Bank of and th July, unless the the bank. But such the times by said Bank debts due with the Banks, their cin which will paid. plished in be tolerably free from liabilities. The of the exports from this port foreign the of bon Morri the ia holders paid Clark prox 1st on of were little Saturday were sales and made, price the money market there were no quotati street of did no discounting bills, we thing mentioned diff from of three already in the price of bank notes and coin York. 4a5 cent premium The Philadelphia Bullet of Monday afterno of greater calm to-da an appearance no of the there brisk although upon most five dollar for their only At them. certify checks of dol fifty the holders before their policy th than during much day the banks, each state what present to at different In Savings fo Th clamor been has This the has money nn state the legal ad obtaining Savings Bank the as in the same extra the the at adopte session, also be them this of banks of first the The genera was 1814. during the period of the war with Great Britain and was diately to of promeasures the by secute that war with advantage. This suspension. bank valno of the by notes, caused specie to disappear rapidly indi viduals invariably hoard that which is diately followed There valuable tiferous crop of irredeemable paper, Issued by pri and individuals, vate and bankers no was there known shin plasters. in kind this course paper issue. the upon credit was its until extent. unlimited creased entirely broken down. The losses to the comm nity were very large. for probably not one-half ever redeemed Th notes of the banks sul fered, during the entire period, depr eciation alse. nominal their fifth nearly oneContraction being forced upon the banks, after much affering in the business community and numerous failures specie payments were resumed in 1817, but the process of liquidating indebtedn continued for several years thereafter. without much alleviation and business suffered immensel

6. September 30, 1857 The Star of the North Bloomsburg, PA

Article from The Star of the North, September 30, 1857

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"THESE are HARD TIMES." Yes: and the extravagance, thoughtless speculation and wild debt-making has caused this panic over which its authors now lament. Everybody-went into business with borrowed capital and trying to forget that pay-day would ever come. Banks were borrowed dry by men who could not pay half their debts, and then, last winter eight millions and a half more of banking capital was created by act of Assembly and thrown before the people to tempt, corrupt, and debauch, the public mind into proflagacy and general bankruptcy. Prices went mad. Produce and labor all got fabulous sums; but neither labor nor produce will have any riches left them under the general collapse The result must be a return to first principles and the financial world must learn that business can only be safely done on actual and real capital and not on its fictitious representative. Some of the Philadelphia Banks have suspended specie payments-nearly all of them refuse to pay deposits. The best among them have and will weather through the storm. The Gerard and Pennsylvania bank, which have grown fat by State favors, are at the head and front of this movement for a general suspension. They are old offenders and after abusing now the generous confidence of the public, on which they had grown rich, they ought to be severely dealt with. Nearly one half of the country banks have also suspended. On last Saturday a rush was made upon the Danville bank and it soon declined to pay depositers anything, but during Saturday paid note holders. Gov. Pollock has issued a proclamation calling together the legislature on the 6th of October. But after what happened in that body last winter no person having any wit will expect any other than mischievous results from this session of seven days. Let no suspension be legalized There is no necessity for it, if the country is one half as prosperous and wealthy as these bank borers represented it to be last winter when they bored through charters for eight millions and a half new banking capital.— Let the legislature send back those borers to their haunts of infamy and maintain a constitutional currency for our Commonwealth; instead of branding her. with the lie of bankruptcy.

7. September 30, 1857 The Daily Gate City Keokuk, IA

Article from The Daily Gate City, September 30, 1857

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Telegraphic News. Philadelphia, Sept. 26.-No concert of action among the banks. Pennsylvania Bank resumed business; total suspension of specie payments. Bank of Commerce paying out notes but not specio. Girard Bank is redeeming fives only. The North America and Mechanics' are paying specie and certifying cheeks. The Tradesman's pays all bills and checks. All the banks are certifying checks. The following pay five dollars in specie: Manuiacturers and Mechanice,' Southwrks, Commercial, Philadelphia Farmers' and Mechanics'. The Bank of Northern Liberties and the Western Bank pay specie for fives in cases of necessity only. The Consolidation Bank, City Bank and Bank of Pennsylvania township pay no specie at all. The Southwrak Bank pays all bills and certifies checks. The following resolution was passed this morning by our Board of Brokers Resolved, That all settlements for the purchase and sale of stocks, past and to come, may be made in certified checks of any of the city banks current on the day of settlement up to three o'clock. Private dispatches received here announce the suspension of Reading and Pittsburgh Banks. BALTIMORE, Sept. 26.-At a meeting of the Bank Presidents this morning, it was resolved to suspend specie payments on all notes. Philadelphia, Sept. 26.-Business in all departments is about suspended. WASHINGTON, Sept. 26.-The Bank of the Metropolis has resolved to continue specie payments in full, feeling themselves secure against all demands. The Bank of Washington has partially suspended, but this is only temporary, They pay specie on their five dollar notes and small checks. The Directors of the Metropolis and Patriòtic Banks are now in conference, but it is not yet known what action will be taken. BALTIMORE, Sept. 26.-The suspension since ten o'clock has been total, with the exception of accommodating their customers with a few dollars in change. There has been no run on the Savings Banks. We have but three, and the most ignorant.know that they are as safe as the mint. The merchants seem to be gratified with the suspension. Money on the street, which yesterday commenced at 24 per cent., has fallen to-day to 1. The Baltimore and Ohio Railroad steck has advanced $5 per share. NEW YORK, Sept. 26.-There is no truth in the reports current in Philadelphia that the New York city Banks are about to suspend specie payments. There are at present no signs of the adoption of such a measure. The steamship Baltic sailed at noon, but carried out no specie. Among her passengers were Beverly Tucker and his family. Flour has declined, with sales of 6,000 bbls. at $5,35@5,50 for state $5,70@6,00 for Ohio, and $5,65@5,90 for Southern. Wheat is unsettled; 1000 bushels sold.Corn quiet. Lard firm. Whisky stendy at 24}@25c. BOSTON, Sept. 26.-State street was much excited during the day, by advices from Philadelphia, but the banks have madelarge additions to their specie within the past few days, and remain firm. There are no signs of suspension, and it is confidently believed that all the New England banks are able to stand the pressure. CINCINNATI, Sept. 26.-The Ohio Life and Trust Co. have made an assignment. WHEELING, Sept. 26. a meeting of the citizens of this city held this evening, it was unanimously resolved that the banks of the city be requested to immediately suspend specie payments, until the business interests of the community would justify a resumption. This action was taken in consequence of the heavy run that has recently been made upon the banks by foreign brokers and bankers. The banks are abundantly able to meet their liabilities, and no loss will besustained by note holders or depositers in consequence of the suspension. TRENTON, N. J Sept. 26. J S. Sterling, the heaviest merchant of this city, has assigned. Assets ample. There is a steady moderate run on our banks. The East Bank has paid out about eight thousand dollars, and is still in good condition. RICHMOND, Va., Sept. 28.-The banks are paying specie, and it is general belief that they have determined to go on. There is no run as yet. Both of the Stanton banks, the Central Bank, and Bank of the Valley have suspended. BOSTON, Sept. 28.-The Suffolk Bank refuars to redeem the bills of New England country banks. Messrs. Jewett & Co., publishers in this city, have suspended. Their liabilities are $10,000. The failure of W. B. Lovejoy, clothier, is ansounced.,

8. October 1, 1857 Marshall County Republican Plymouth, IN

Article from Marshall County Republican, October 1, 1857

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Bank Panic in Phiiadelphia. FINANCIAL MATTERS IN THE EAST. Philadelphia, Sept. 26. Third and Chesnut streets are again the scenes of excitement--crowds surrounding the Saving's Institution before 9 A. M. They decline paying out deposits, requiring two weeks notice. The banks were besieged before 10 o'clock. The Pennsylvania Bank re-opened, and is now transacting business, but paying no specie. The Mechanic's Bank is paying specie for tens. The Girard Bank refuses to do any business and renders no satisfaction to depositors and bill. holders. The Girard Bank has now come to terms, partially redeeming 5's with specie, but refusing to honor checks of depositors. Most of the other banks were making checks good. Private despatches say that the Banks in Reading and Pittsburgh have suspended. The South Ward Bank pays specie for all the bills. The Bank of Kensington pays for fives only. BOSTON, Sept. 26. There are no signs yet of a bank suspension. Our banks, as those of all New England, are unusually strong and it is believed they will successfully resist all pressure. NEW YORK, Sept. 26. Our banks are all strong, and the utmost confidence is exhibited in them. The course of exchange on Philadelphia is at a complete stand. The only figure heard of is an offer to sell Philadelphia funds at 10 per cent. discount.

9. October 1, 1857 The Weekly Pioneer and Democrat Saint Paul, MN

Article from The Weekly Pioneer and Democrat, October 1, 1857

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Monetary Affairs In the East. When the first failures which occurred in the East were announced. it was generally believed that the crash would be confined to the seaboard cities, where the stock gambling had prevailed to the greatest extent. and which was said to be the cause of the monetary crash. And as the cheering hopes of brighter times appearing, were seattered over the country, the Nation rejoiced in the apparent soundness of the financial world. But searcely has the sounds of gladness ceased to reverberate. until a more portentous cloud is seen to gather. and that too, in a section of country the least anticipated. In yesterday morning's PIONEER AND DRMOCRAT, the first indications of the rising storm in the firm. old Commonwealth of Pennsylvania were announced in the partial suspen sion of some of the strongest Banks in Philadelphia. Another day's later news has been received. and sad news it is to be sent forth from the Old Keystone. Read what the Telegraph announces. under date of the 26th: Philadklphia. Sept. 26, to A. M. Third and Chestnut streets are again the scenes of excitement. Crowds surrounding the Savings Institution before 9 o'elock, . M. They decline paying out deposits, re quiring two weeks notice. The banks were besteged before 10 o'clock. The Pennsylvania bank re-opened and is transacting business, but paying no specie. The Mochanics' Bank paying specie for tens. The Girard Bank refuses to do any business, and renders no satisfaction to depositors and bill holders. Most of the other banks were making checks good. There is no concert of action among the banks, each is apparently taking a different course. The Bank of North America is paying specie for tens. but issuing no notes or checks. The Bank of Commerce is refusing specie, but is paying notes for checks. PHILADELPHIA, Sept. 26, 12 M. The Girard Bank is now paying specie for fives and certifying checks. Additional excitement was produced by the news from Baltimore of the suspension here.

10. October 2, 1857 Wilmington Journal Wilmington, NC

Article from Wilmington Journal, October 2, 1857

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days' wonder, that has given place to the ment-that arising out of the suspension of lphia Banks, followed as that suspension has similar course of policy on the part of the stitutions of the States of Pennsylvania, Delyland, Rhode Island and part of New Jersey of Columbia, with some occasional States. other criticise the course of all concerned in or conthe Central America, SO will they criticise Philadelphia Banks, viewing it in the light of or propriety. Whether we approve of it or to little or nothing, apparently. The of public opinion is composed of any number particles, as we might say, singly insignificant, an almost irresistible whole. For our own after looking at the matter in all its bearings, that the movement and the movers are free either in the antecedents which brought on or in the suspension itself. That there specie in the country now as there has been within the last twenty years, is certain.rates of exchange are such as to rena drain of specie to foreign countries, is Indeed, with ruling rates, which, in large crops coming into market, cannot be and may be more 80, there is every prosinflux of the precious metals from Europe.this suspension and wherefore its necessity ? that for some time past the best bona fide paper has been discounted at ruinous rates rthern cities, merchants having been forced to shaves of something like four or five per cent. rather than sacrifice their credit, by failing to acceptance, in the banks, which refused them commodations. It is also known that the of these institutions were used to bolster which were in a sinking condition. The nericnn delicately hints that the difficulties ansplvania Bank were due to its efforts to susupon which the pressure bore with unOthers say that its loans to large silk housit. At any rate this is plain. The banks the mercantile community, which cheerfully to terrible sacrifices to sustain itself, and when reaches themselves, they, instead of doing men had been forced to do-submitting to vitable loss-suspended. We repeat, the in the country and procurable, and all truly had the means of procuring itat one-tenth of loss to themselves, to which the merchants forced to submit for the purpose of meeting gements. We repeat, it was the business of to have sustained themselves and to have losses incurred by their own acts, or by the times, not, by failing to meet their engagethrow the burden of their faults or their misthe public. that if these institutions were really sound, impaired their resources by that bolstering which ruined the United States Bank, and to have been left as a legacy by that instithe financiers of the Quaker City, it was in to have sustained their credit, and maintainobligations to the community, by bearing loss to which, in such times, all other interand corporate, are forced to submit. The that wants iron must submit to a shave on its it, if it can do no better. Were these tho wanted another metal, any better than a This pressure must, in the nature of things a few months. Unless all indications prove continue. Suppose that, to procure the sustain themselves in a paying condition dur ressure, they had submitted to a loss equivalen profits of a whole year, what more would the than hundreds of merchants have been force

11. October 2, 1857 Cooper's Clarksburg Register Clarksburg, WV

Article from Cooper's Clarksburg Register, October 2, 1857

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The Banks. As will be seen by our columns o-day, there has been a general suspension of the banks throughout the country. The "crisis" that has for a long time been growling in the distance like an impending storm, has at length burst upon us, The Ohio Trust Company, & gigantic institution, went first, some months ago, dragging along with it several private bankers and brokers, and affording a number of mercantile men the opportunity of "suspending." These failures, suspensions, &c., were principally confined to New York. The other cities and business communities of the country were but little affected, and as long as the revulsions were confined to that Sodom and Gomorrah of mammon, no particular uneasiness was felt, as but little that is good is expected of those people. But last week a run was made upon the Pennsylvania Bank, at Philadelphia, supposed to be one of the most solvent institutions in the country, and it was compelled to "suspend" the redemption of its notes in specie. The Girard Bank, and two or three others, refused to redeem any of their notes of a larger denomination than five and ten dollars. The disability of these banks to meet their obligations created a general panic among all the bankers of the country. Meetings were held of the officers of the banks in different cities, at which it was resolved to suspend specie payments at once to, prevent the drain upon their vaults that would necessarily follow the suspension of the other banks. And so stands the whole business community of the country, waiting to see if "the thunder will strike any body else." What the end will be we must "let time and chance determine," but the probability is that after considerable fluttering among the birds and breaking among the bears, that business will move on as regularly and more healthy than before. This revulsion has been threatening for a long time ; and now the comet has struck, it will soon be ascertained who is hit and who is missed, and the information will have a tendency to restore alike confidence and business. So we would advise all our friends to keep cool and "wait for the wagon." We "don't believe there will be much of a t shower." In the mean time, if any of our friends who are owing for their subscriptions, advertisements or jobbing, dislike keeping their money on hand, we shall be very happy to receipt for a portion of it. All is fish that comes to our net, as our creditors are mightly glad to get anything.

12. October 3, 1857 Sunbury American Sunbury, PA

Article from Sunbury American, October 3, 1857

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THE SUSPENSION OF THE BANKS. The pressure and derangement in the monetary affairs of the cities, resulted in the suspension of specie payments by the Philadelphia Banks, on Saturday last.— The stoppage of the Pennsylvania Bank was, perhaps, the principal cause in Philadelphia. The country Banks must necessarily follow, as it would be impossible for them to sustain themselves while the city Banks' are in a state of suspension. There are no better or safer banks than those in our neighborhood and none will more regret the measures which has been thus forced upon them. The Governor has issued his proclamation for an extra Session of the legislature to meet on Tuesday uext. Consequently the old members will meet, but the Session must expire on the day of the election, the 13th instant.

13. October 6, 1857 The New York Herald New York, NY

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week, exhibis the following changes in the aggregates:-Decrease in loans and discounts $1,865.934 Decrease in specte 1,926 684 Increase in circulation 77,794 4,120 498 Decrease in deposits, actual This exhibit has created considerable matonishment in financial circles I: is on the whole much more unfavorsbie than we anticipated. Tae decrease in deposite 18 a feature well calculated to create alarm. It will be seen that the deposits have fallen off more than double the deorease in abcounts, and that the aggregate has reached an amount smaller than we have seen before for years' Last year mt this time they were ten millions larger than at the preient mement The failing off in the specie reserve is also a matter for serious consideration. It does not ap. pear that the banks have strengthened themselves to he extent anticipated. The discount line shows that contracselves tion mimous find has that dret resolution been the and banks the the order to have mercantile expand: of resolved the day, and classes to in the take the afterwards. community face care of of the them. una this will we decidedly approve of. It is a good feature and one calculated to bring us out of the present revulsion quicker than any other course. The banks of Boston have not fal ered that far, but they look to this olly for support. If they sustain themselves, 80 much the better for the general result. The Boston banks may feel assured that nothing in the wor.d but their clearing house system has saved them up to this moment, and if they go through, It will be because the clearing house system was in full and successful operation. The banks of Pennsyivania and Maryland would, in all probability, have sustained themselves had they been wise enough, in time, to have engrafted the clearing house upon their banking system The banks of Philadelphia were earnestly solicited by our banks to adopt and establish the clearing houses, and a plan was drawn up, adapted to their institutions, and pre. sented, but refused, and it is an extraordinary fact that the only banks in opposition were the Pennsylvania Bank and the Gerard Bank, the two banks which first suspended in Philad-lphia, and the immediate and direct cause of the general susponsion in that city. It 18 clearly seen now what the reason for their opposition was. They were themselves not in a condition to stand the operation of that system, and they therefore opposed it. It is now too late to prevent the evils arrising from the defects in the banking system of the city of Philadelphia and State of Pennsylvania, and we will see what remedy the Legislature now in session will present. Whatever they do will be of no avail. The difficulties existing are beyond the influence of any legislative action. The clearing house must be engrafted upon every banking system for large cities and great money centres. The banks of New York and Bostop would have suspended before this but for this check upon and regulator of their operations.

14. October 7, 1857 Semi-Weekly Standard Raleigh, NC

Article from Semi-Weekly Standard, October 7, 1857

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Years. Expenditures on ac't. Gross expenditures. of public debt. $24,336,380 66 $75,354,630 26 1854, 9,844,528 24 66,209,922 04 1855, 12,776,390 38 72,948,792 02 1856, 5,947,796 94 70,826,624 85 1857, 285,339,969 17 52,905,096 22 Total, 52,905,096 22 $232,434,872 95 Expendit'rs exclusive of debt 58,108, 18 23 Average annual expendi'trs, A PANIC ON 'CHANGE-HOT EXCITEMENT-MONEY MINUS.-Ten o'clock, a. m -The intelligence of the suspension of the Pennsylvania Bank spread like a prairie fire. Third street-never exactly a deserted highway-was in a firce state of hubbub. Nothing has ever been seen like it. We had a personal interview with the next to the oldest inhabitaut. He assured us it beat all. Crowds-crowds-crowds! Men zigzagging, twisting, winding, and rushing ahead in impetuous and irresistible currents. Faces long, stern, and as troubled as a mill pond in a gale. We observed one man with a slight smile on his countenance-he disappeared swiftly-he had drawn all his money in golders of the denomination of ten. Noon.-Excitement steadily on the increase.Street a seething mass of humanity. Everybody afraid of everybody. No positive knowledge in any quarter concerning who's who. Terrible time at the banks. Incessant clamor for gold. Tellers in a perspiring condition-individuals in strings long drawn out, with determined visages and checks tightly clutched in their hands. The man who said he rather thought there was "a better feeling" this morning, took an omnibus and went home, avowing his intention of staying there till things took a better turn. His coat was buttoned all the way up-his face was as elongated as his cane. One, p. m.-Things getting no better very fastFever spreading through the city proper and suburbs. A broker became so worked up, that he covered his shirt-cuffs with numerical calculations, asked a beggar-woman after her family, and fadedrunning to coat-tail. Immense number of policemen make their mysterious appearance-terribly important and business-like-charge on some apple women--harrow the souls of omnibus drivers-and irrigate at short intervals. One and a half, p. m.-A wan, although intelligent lazarone-a small boy, tattered and slimy-absolutely has the sublime impudence to request of our reporter the loan of ten cents, to go to Germantown! Our reporter glares, and makes a note with a redlead pencil. Two, p. m.-A dispatch asserts positively that Red Bank is in a sound condition, despite of any malicious rumors to the contrary. Two and two-thirds, p. m.-A very little bit easier. Parties who have money aer advised to keep it; parties who have not, are advised not to spend it. Run, boy of short coat, run ! Our task is truly done. The Very Latest.-Our reporter has sixteen cents. He means to get it changed into gold, and put it in a stocking-not in a stock ! Go thou and do likewise !-Philadelphia Evening Journal.

15. November 4, 1857 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN

Article from Memphis Daily Appeal, November 4, 1857

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# Monetary and Financial. MEMPHIS DAILY APPEAL OFFICE, WEDNESDAY, November 4. 1857. MONETARY-Lethargy and gloom still envelop the money market; our merchants, however, stand the crisis bravely. There are but slight fears of serious failure if the planters owing those they have received accommodation from in this city will honorably send forward their stocks. In New York on the 8th Tennessee sixas, '90 were sold at 70c. The Persia brought out £214,000, or one million dollars, in specie. In the Bank of England coin had in one week decreased £553,000 In Lisbon, Portugal, a financial crisis existed, and an outbreak from the populace was expected. In Vienna, Austria, the money panic was frightful, the national loans, payable in silver fell to 80½c. In New York the Persia's news had eased the money market. The N. Y. Day Book of October 28th, says: Our banks have virtually resumed specie payment. They no longer buy specie at a premium, but pay it out into whoever asks for it. The thousand and one dodges they have resorted to to sustain themselves and prepare for resumption has been prolitic of good to themselves, though death to the merchants and traders. Comparative statement of the exports (exclusive of specie) from New York to foreign ports for the week and since January 1: | | 1855 | 1856 | 1857 | | ------------------ | ----------- | ----------- | ----------- | | Total for the week | $2,031,863 | $1,39,116 | $1,864 643 | | Previously rep | 60,032 802 | 63 682 285 | 58 372,243 | | Since January 1..$ | 62,114,665 | 64,972 401 | 60,236,796 | NEW YORK, Oct. 30, M-The stockholders of the Bowery Bank intend winding up that concern The Herald says that it understands that the steam ship Persia brought over a large amount of bills of exchange, or rather certificates of deposit, accepted by the Bank of England, Bank of Liverpool, and other well known banking institutions, for the purpose of buying Cotton add breadstuffs in this country. These acceptances can be more correctly called certificates of deposit, being payable at s gut. The money having been deposited in the differen banks on the other side to meet them, they answer nearly as well here for the purpose required as so much go'd there. Bills are held in this market at 107@108 per cent., rates considerably above these ruling for ordinary sterling exchange. The amount of these certificates is about $1,000 000, and but for this new financial arrangement the Persia would have brought full two mill'on dollars in so d. The Ledger money article has a statement regarding the Pennsylvania Bank, stating its liabilities at about two million independent of the capital and assets, which are only a million and three quarters, leaving nothing for the stockholders. The indications now are that it will go into liquidation and probably out of existence, leaving a little for its shareholders as did its great prototype, the Bank of the United States. Noteholders and depositors will probably be paid. The Philadelphia Press, says: It is very apparent that the London bankers have no idea of the probable extent of the trouble in the United States, and the orders sent out for investment at the low prices in American securities may produce trouble to the senders when the full force of the storm breaks upon their own shores. Private advices represent the English banking houses in New York as greatly embarrassed and their correspondents abroad must share in their difficulties We believe that the trouble will be less severely felt in England than on the continent, where everything is ripe for a general collapse; and we trust that the Bank of England will weather the storm without being forced to suspend, though our hopes to that end are not unmingled with many doubts and fears. The Baltimore Sun of the 29th, states: There is a better di-position among capitalists for negotiations on the street, and we hard of best endorsed paper being sold yesterday in some cases at 1¼@1½ per cent a month The general rate, however, for most of the negotiable paper is still 2@1½ per cent. Domestic exchange is a little heavy. The rates are, however, unchanged, and the quotations are still 7@8 per cent on New York, 5@6 per cent on Baton, and 3@4 per cent premium on Philadelphia. The New Orleans Crescent's report of October 28, informs us that there is an improvement in the financial features in that city: The general movements to day in the money market were on the limited order. There is no paper market The banks did not discount anything, unless renewals can be termed discounts. In exchange there were sales of sight in New York at 5@5¼ per cent discount. The Canal and State Banks continue to draw checks at 2 per cent discount. There was not much done in sterling nor in francs. Sterling may be quoted at from 90, 92@95, and francs of good and prime make at 6.30@6.00 Friday's report of the Saint Louis Democrat, says: Business transactions are limited, a few bills are being made with the country on short time. Nothing doing in exchange. Currency passes freely, and we heard of no further discrediting of banks. At Cincinnati, states the Times of October 30: The supply of currency which has been large for some weeks past, has been lessening during the last two or three days. An active demand for money has sprung up, and from parties in good standing and credit; very few of whom have been, are, or will be favored by the discount houses. The market seems rapidly tightening up, and we may look for a hard week the coming one. Some of our money operators do not think the worst has yet passed, and tha. it will not be reached until the middle of the coming in nth. Exchange on New York is firm and scarce at 5@6 prem, selling rate. The Cincinnati Enquirer states: The question as to the individual liability of the Trustees of the Trust Company will soon be brought before our Courts. A suit was commenced against them on Friday for that purpose, by Messrs. Thompson & Nesmith, attorneys. In Louisville on Friday last there was a more cheerful feeling, the banks were giving increased accommodation by discounting more liberally. The Chicago Times of the 30th, complains that the money market is feverish and unsettled, and in a very unsatisfactory condition. The banks refuse to discount to any extent, so that it is next to impossible to negotiate even the best of paper. Exchange is no plentier, and sells at 8@10 per cent. Gold is as scarce as ever, and commands about the same rates.

16. November 11, 1857 The Day Book Norfolk, VA

Article from The Day Book, November 11, 1857

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The Largest Circulation in the City. The News. The workingmen's demonstration, in New York city, on Monday, from which SO much was apprehended, although excited by inflammatory harangues from the leaders, was dispersed by the police without bloodshed. Marshal Rynders telegraphed to Washington for permission to employ certain troops in case the crowd attacked the Sub Treasury. The President and directors of the Pennsylvania Bank, at Philadelphia,have resigned; and a resolution accepting the act legalizing suspension has been adopted by the stockholders. "There was a slave case in Boston on Monday, the decision upon which was that the slave (a woman) could go whereever she pleased. She preferred to return with her master. It is said that Gen. Walker sails this week from New Orleans for Nicaragua, with 1500 troops, and plenty of provisions and ammunition. An important telegraphic item is, that the Vermonters are to have their Thanksgiving day, Dec. 3d. The Hanoverian Consul at the port of Boston, died last Saturday. The New York markets are: Flour buoyant; wheat, beef and lard steady; corn firm; Pork quiet; whiskey unchanged. In Charleston, S. C., on Monday, there were sales of 3,600 bales of cotton at 12 cents for good midling. In Augusta, Ga., the cotton market was buoyant, and prices had an advancing tendency. Virgiania sixes seem to be appreciating We note sales; yesterday, at first brokers' board in New York city, at 85}c, being an advance of 12½c, on Monday.

17. February 2, 1858 The New York Herald New York, NY

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Financial Affairs. # AFFAIRS OF THE PENNSYLVANIA BANK. PHILADELPHIA, Feb. 1, 1858 A meeting of the stockholders of the Pennsylvania Bank took place this afternoon. The report of the directors presents a sad condition of affairs. Among the collaterals were notes from the firm of which President Allibone's brother is a member, for $120,000, of which $12,000 only was discounted by the directors. Mr. Allibone volunteers the assumption of this debt. The notes of the Hemp (?) Railroad for $289,000 are among the collaterals loaned without the authority of the Board. Many similar transactions are mentioned in the report, which recommends an assignment. Resolutions to that effect were considered, but postponed till next year. # RESUMPTION OF SPECIE PAYMENT IN PITTSBURG. PTTISBURG, Pa., Feb. 1, 1858. The banks of this city resumed specie payment to-day. # MERCANTILE RESUMPTIONS. Boston, Feb. 1, 1858. Messrs. F. Skinner & Co. and J. C. Howe & Co., two of the largest mercantile firms of Boston, who suspended in October last, have to-day resumed payments in full.

18. February 11, 1858 Worcester Daily Spy Worcester, MA

Article from Worcester Daily Spy, February 11, 1858

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Mr. Allibone Assigned. PHILADELPHIA, Feb. 10.-At a meeting of the stockholders of the Pennsylvania Bank it was announced that Mr. Alibone has assigned his property for the benefit of the Bank. A resolution for an assessment by the bank, was adopted, as also were resolutions censuring Pres. Alibone and Daniel Deal as colluding together in the common plunder of the bank, and desiring that whatever punishment the law reflects on such dishonesty shall be enforced.

19. February 11, 1858 Evening Star Washington, DC

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IT A meeting of the stockholders of the Penn sylva nia a Bank was he Id in Philadelphia yeste . day afternoon, when it was announced that Mr. Allbone, the late president, had assigned his property for the benefit of the bank. The resolution for the assignment by the bank was adopted. Also, resolutions censuring President Allbone and Daniel Deal as colluding together in the common plunder of the bank, and declared that whatever punishment the criminal law inflicts on such dishonesty should be enforced.

20. February 11, 1858 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, February 11, 1858

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The Pennsylvania Bank. PHILADELPHIA, Wednesday, Feb. 10, 1858. At a meeting of the stockholders of the Pennsylvania Bank it was announced that Mr. Allibone has assigned his property for the benefit of the Bank. A resolution for an assignment by the Bank was adopted, as also were resolutions censuring President Allibone and Daniel Deal as colluding together in the common plunder of the Bank, and desiring that whatever pnnishment the criminal law inflicts on such dishonesty should be enforced.

21. February 11, 1858 The New York Herald New York, NY

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TELEGRAPHIC. PHILADELPHIA, Feb. 10, 1858. At a meeting of the stockbolders of the Pennsylvania Bank it was announced that Mr. Allibone has assigned his property for the benefit of the bank. A resolution for an assignment by the bank was adopted, as also were resolutions cansuring President Allibone and Daniel Deal as colluding together in the common plunder of the bank, and desiring that whatever punishment the criminal law in flicts on such dishonesty should be enforced.

22. November 4, 1858 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, November 4, 1858

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FROM PHILADELPHIA. THE ANTI-SLAVERY SOCIETY-BANK OF PENNSYLVANIA-HOW THE MONEY GOES-OUSTING JOHN M. READ-FRANKLIN, CHESS, AND CITY HORRORS. From Our Own Correspondent. PHILADELPHIA, Nov. 2, 1858. The political absorption of the past month has crowded out any mention of the doings of the Pennsylvania Anti-Slavery Society at their Annual Meeting in October. The meeting was well attended, and many of the life-long defenders of the AntiSlavery cause were present, female as well as male, principal among whom were Lucretia Mott, Mary Grew, Thomas Garrett, Lloyd Garrison and others. The Executive Committee presented a long and extremely able report. It gave a full and lucid history of Abolitionism in Pennsylvania from its origin in this city in 1775, to its reorganization in 1787, when Dr. Franklin, Dr. Rush and men of that stripe were its strongest pillars. At this period, the Anti-Slavery spirit was very animated. All classes were imbued with it. from judges and clergyman down even to Tom Paine, all of whom labored courageously to emancipate the negro. The report revived the great Missouri struggle in our memories, and gave new interest to its forgotten facts. Pennsylvania then had 23 Representatives, of whom only two on that memorable oc. casion turned up doughfaces, though Massachusetts supplied four. Yet from that period the AntiSlavery sentiment of the State became less energetic. Its decline is traced through many years of obscuration, aud its revival is attributed to the establishment of The Boston Liberator in 1851. The whole history of the decline and renewal of the abolition sentiment in Pennsylvania up to this time is given in the most interesting language. It breathes nothing but encouragement, nothing of despondency, but looks forward with prophetic confidence to the future. Speaking of Buchanan, the report is scorchingly severe. It closes with a reiteration of the objects, principles, and measures of the Society. The resolutions are fourteen in number, and were adopted with great unanimity. But they are bitter and radical to the last degree. They assert that Slavery is gathering, in wild alarm, all its forces for a last contest with Liberty, and hail with joy that final conflict, confident of its glorious result. They pronounce the late religious awakening as a dishonor to the name of Christ, unless its results are manifested in an awakened sympathy for and testify against the chief sin of it not movement to put any man on the take issue with the on this They Anti-Slavery but the to nation. insist slave, They proclaim emancipation Democratic the of object party into the office, of slave. the the ground of its being utterly recreant to the principles of genuine Democracy-the open and shameless ally of the slave oligarchy, eager to accede to all their wishes and designs for the extension and perpetuity of Slavery; controiled by the most profligate and unscrupulous demagogues; and animated by a fiendish spirit toward the oppressed, and a thorough contempt for the law of God and the rights of man. They pronounce the Republican party to be far more concerned to obtain power and office than to vindicate the principles of justice and humanity, and therefore wholly undeserving of confidence. They denounce the Fugitive-Slave law, and promise to circulate petitions throughout the State, asking the Legislature to put an end to all slave-hunting within her limits. After this copious outpouring of the bitter waters, they close by resolving that the retrospect and present as. pect of our cause inspires us with faith, hope and courage, to persevere in the work which lies before us, with unabated zeal and diligence, even unto the end." The Pennsylvania Bank building was not sold as advertised, no bid of less than $200,000 being acceptable by the assignees. A morning paper throws much light on the condition of this institution. It seems that a complete resusitation could have been effected but for the hostility of the other banks, who hold a contingent claim on the bank from which it is morally certain they will not realize 5 per cent. The bank asked them to release this claim, and consider it settled by the collaterals given them to secure it, as the first condition toward a reorganization. Some of the banks assented, while others refused, and as all were intereated in the claim. the assent of all was indispensable to make the release Had it been granted, it would seem that the institution could have compromised all its debts, had a new capital paid in, and resumed business with a charter which has near twenty years to run. But the mere spite of the other banks defeated the whole undertaking. It is not probable the bank will pay its creditors more than 20 per cent at the most. The Court-

23. August 23, 1884 St. Tammany Farmer Covington, LA

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MISCELLANEOUS. -I.e Dimenche, an Amiens paper, has discovered that next year is the 1,900th anniversary of the Virgin Mary's birth, and advocates a celebration. -San Francisco has organized a "Girls' Union" for the benefit of young women who are strangers in the city and who may need sympathy and assistance.San Francisco Call. -A code of signals has been arranged for flirtation by means of parasols, but the code does not say what carrying a parasol just high enough to scrape the ear of every man passed in & crowded street means.- Boston Post. -At Naples the other day a steel torpedo boat was launched, which had been built there for the Italian Government. In her trial trip she not only accomplished the stipulated speed (twenty miles per hour), but did twenty-one and a half miles, which is a long way the best time on record. -The wealth of the United States is estimated at $50,000,000,000; that of Great Britain at $40,000,000,000. The wealth per inhabitant in the United States is $900, and in Great Britain it is $1,000. In the United States seventytwo parts of the wealth go to labor, twenty-three to capital and tive to government. In Great Britain forty-one parts go to labor, thirty-six to capital, and twenty-three to government.-Chicago Journal. -George Wilson, of Cleveland, O., has sued a firm of white lead manufacturers, hislate employers, for $10,000 damages, alleging that he and two others were directed to clean out what was called the cog-wheel room, beneath the main floor of the factory, and that he did not know the dangerous character of the work, ond was made ill for a year, by the poisonous fumes of the lead. and eventually totally blind. His two fellow-workmen, he says, are dead. -Cleveland Leader. -Dr. Sturge, a medical missionary to Siam. relates how a native doctor administered an emetic to a love-sick lady who had swallowed a quantity of opium with suicidal intent. The scientist of Siam took a live eel, clipped off a part of his tail to make him squirm in a lively manner, and then pushed him. tail first, down the romantic damsel's throat. When the el returned to the stream of running water near which the girl was made to recline the opium quickly followed him. -"What's the matter with the bank?" demand an excited tonrist. "Closed," replied the calm citizen. "What," exclaimed the excited one, "not closed?" "Shut up tighter than wax," asserted the calm one. "Well, that's queer," said the tourist. "Not ten steps away from where we now stand a citizen told me she was 'busted wide open,' and now you say she is shut up tight as wax.' What liars some men are." And he made an entry in his note-book. -Burlington Hawkeye. -Recent defalcations and deficiencies bring to mind the case of a colored bank janitor who lived in Philadelphia in 1857. He had been in the service of the Pennsylvania Bank, the total wreck of which was one of the incidents of the panic of that year. As usual in such wrecks, there was a large deficiency. The books of the bank had been kept in such a mixed-up way that its affairs were in a great tangle. One day it was announced that the directors had found out how much the deficiency was. The old darkey thereupon put on all his dignity and remarked, "We don't care SO much about knowing how much de deficiency is; but de question dat agitates my mind, and dat agitates de mind ob de public. is, whar's de deficiency gone to." They never found out exactly where the deficiency be. took itself.-Philadelphia Record.

24. September 13, 1884 The Colfax Chronicle Colfax, LA

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MISCELLANEOUS. -Te Dimenche, an Amiens paper, has discovered that next year is the 1,900th anniversary of the Virgin Mary's birth, and advocates a celebration. -San Francisco has organized a "Girls' Union" for the benefit of young women who are strangers in the city and who may need sympathy and assistance.-San Francisco Call. -A code of signals has been arranged for flirtation by means of parasols, but the code does not say what carrying a parasol just high enough to scrape the ear of every man passed in & crowded street means.-Boston Post. -At Naples the other day a steel torpedo boat was launched, which had been built there for the Italian Government. In her trial trip she not only accomplished the stipulated speed (twenty miles per hour), but did twenty-one and a half miles, which is a long way the best time on record. -The wealth of the United States is estimated at $50,000,000,000; that of Great Britain at $40,000,000,000. The wealth. per inhabitant in the United States is $900, and in Great Britain it is $1,000. In the United States seventytwo parts of the wealth go to labor, twenty-three to capital and five to gov. ernment. In Great Britain forty-one parts go to labor, thirty-six to capital, and twenty-three to government.-Chicago Journal. -George Wilson, of Cleveland, O., has sued a firm of white lead manufacturers, his late employers, for $10,000 damages, alleging that he and two others were directed to clean out what was called the cog-wheel room, beneath the main floor of the factory, and that he did not know the dangerous character of the work, ond was made ill for a year, by the poisonous fumes of the lead. and eventually totally blind. His two fellow-workmen, he says, are dead. -Cleveland Leader. -Dr. Sturge, a medical missionary to Siam, relates how a native doctor administered an emetic to a love-sick lady who had swallowed a quantity of opium with suicidal intent. The scientist of Siam took a live eel, clipped off a part of his tail to makehim squirm in a lively manner, and then pushed him. tail first, down the romantic damsel's throat. When theeel returned to the stream of running water near which the girl was made to recline the opium quickly followed him. -"What's the matter with the bank demand an excited tonrist. "Closed," replied the calm citizen. "What," exclaimed the excited one, "not closed "Shut up tighter than wax," asserted the calm one. "Well, that's queer," said the tourist. "Not ten steps away from where we now stand a citizen told me she was 'busted wide open,' and now you say she is shut up 'tight as wax. What liars some men are." And he made an entry in his note-book. -Burlington Hawkeye. -Recent defalcations and deficiencies bring to mind the case of a colored bank janitor who lived in Philadelphia in 1857. He had been in the service of the Pennsylvania Bank, the total wreck of which was one of the Incidents of the panic of that year. As usual in such wrecks, there was & large deficiency. The books of the bank had been kept in such a mixed-up way that its affairs were in a great tangle. One day it was announced that the directors had found out how much the deficiency was. The old darkey thereupon put on all his dignity and remarked, "We don't care so much about knowing how much de deficiency is; but de question dat agitates my mind, and dat agitates de mind ob de public, is, whar's de deficiency gone to." They never found out exactly where the deficiency be. took itself.-Philadelphia Record.

25. December 17, 1884 The Columbus Journal Columbus, NE

Article from The Columbus Journal, December 17, 1884

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MISCELLANEOUS. -A San Francisco newspaper reporter is to marry a lady worth $4,000, 000. Newspaper men do not seem to care for money. Boston Past -Le Dimenche, an Amiens paper, has discovered that next year is the 1,900th anniversary of the Virgin Mary's birth, and advocates a celebration. -San Francisco has organized a "Girls' Union" for the benefit of young women who are strangers in the city and who may need sympathy and assistance.-S Francisco Call. -Concerning the dampness and unhealthful condition of new brick houses, it is an old saying that the owner of a new brick house should let it be occupied during the first year by his enemy, during the se ond by his friend, and during the third by himself.Troy Times. -At Naples the other day a steel torpedo boat was launched. which had been built there for the Italian Government. In her trial trip she not only accomplished the stipulated speed (twenty miles per hour), but did twenty one and a half miles. whi h is a long way the best time on record -A bachelor's society with matrimonial tendencies and provisions has been formed in Marlem, N. J. Only young men are eligible. They pay a monthly due of five dollars and agree to remain single one year. At the end of that time any one, by giving three months' notice, may receive $2,000 o his wedding-day, ontributed out of the fund of the society. N. Y. Tribune. -The wealth of the United States is estimated at $50,000,000,000; that of Great Britain at $40,000,000,000. The wealth per inhabitant in the United States is $900, and in Great Britain it is $1,000. In the United States seventytwo parts of the wealth go to labor, twenty-three to capital and five to government. In Great Britain forty-one parts go to labor, thirty-six to capital, and twenty-three to government. -Chicago Journal. -George Wilson, of Cleveland. O. has sued a firm of white lead manu facturers, his late employers, for $10,000 damages, alleging that he and two others were directed to clean out what was called the eog-wheel room, beneath th main floor of the factory, and that he did not know the dangerous charac er of the work, ond was made ill for a year, by the poisonous fumes of the lead. and eventually totally blind. His two fellow-workmen, he says, are dead. -Cleveland Leader. -Dr. Sturge, a medical missionary to Siam, relates how a native doctor administered an emetic to a love-sick lady who had swallowed a quantity of opium with suicidal intent. The seientist of Siam took a live eel, elipped off a part of his tail to makehim squirm in a lively manner, and then pushed him, tail first, down the romantic damsel'sthroat. When the eel returned to the stream of running water near which the girl was made to recline the opium quickly followed him. -"What's the matter with the bank?" demand an excited tonrist. "Closed." replied the calm citizen. "What," ex claimed the excited one, "not closed?" "Shut up tighter than wax," asserted the calm one. "Well, that's queer, said the tourist. "Not ten steps away from where we now stand a citizen told me she was 'busted wide open.' and now you say she is shut up tight as wax.' What Hars some men are. And he made an entry in his note-book. -Burlington Hawkeye. -Recent defalcations and deficien cies bring to mind the case of a colored bank janitor who lived in Philadelphia in 1857. He had been in the service of the Pennsylvania Bank, the total wreck of which was one of the incidents of the panie of that year. As usual in such wrecks, there was a large deficiency. The books of the bank had been kept in such a mixed-up way that its affairs were in a great tangle. One day it was announced that the directors had found out how much the deficiency was. The old darkey thereupon put on all his dignity and remarked, "We don't care so much about knowing how much de deficiency is: but de question dat agitates my mind, and dat agitates de mind ob de public. is, whar's de de-