A. D. Hunt & Company (Louisville, KY)

Episode Information

Episode UID
275628090694
Episode Type
Run Only
Bank Type
private
Bank ID
27562809 hash
Start Date
October 1, 1857
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d5e0fb2be3c2d96a

Response Measures

None

Events (1)
1. October 1, 1857 Run
Cause
Local Banks
Cause Details
Run triggered by suspensions/failures of local banking houses (Hutchings & Co., John Smidt & Co.) and the wider 1857 financial crisis.
Measures
Firm sustained itself through the day, receipts exceeded payments; supported by friends and able to meet liabilities.
Newspaper Excerpt
There is quite a heavy run upon A. D. Hunt & Co., who thus far have sustained themselves, and who, it is expected, will be able to meet all their liabilities.
Source
newspapers

Newspaper Articles (9)
1. October 2, 1857 The New York Herald New York, NY
Article from The New York Herald, October 2, 1857

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with discounts, and a decidedly better feeling exide Mears. White, Stevens & Oo, and Measure. Lawrence, Bloce & Co, who have a branch house in Boston, suspend ad to-day. The Reading Railroad paid the coupons due today. THE PHILADELPEIA STOCK BOARD. Rill Blocks heavy. Penneylvania fires, 79% Reading read, 17% Long Island Railroad, 81/2; Ponneylvania Rail road, 40. FINANCIAL AFFAIRS IN BOSTON. BOSTON, Oct 1,1857. suspension of Measrs. Lawrence, Stone & Co. caused Mr. the excitement on State e street to-day. considerable Lawrence, senior partner, is in Europe, and Mr. the Samuel financial manager, is seriously III. the firm England Stade, agents for the Bay State, Pemberton, New Worked, and Middlesex Mills. John A Lowell, also connected with the Pemberton Mills, is other reported failures failed. announced are Benjamin Ho card Ken The merchant, Central wharf; Richardson, dall commission & Co., dry goods, Milk street, and Peter O. Jones, paper merchant, Water street The banks did some discounting to day, but not enough in the to case the market The best of paper was done street at 2 per cent a month. Little business was done at the Board of Brokers prices to No quality of stocks could command asking made. day. Bank shares were low down, and no sales were MEATING OF MERCHANTS. BOSTON, Oct. 1,1857. informal meeting of merchants was held to-day in An Board of Trade rooms, preliminary 10 a call for a gene the meeting of the meronatile interests to consider but the moral financial crisis. No definite action was taken, o'clook present meeting is called for to morrow at eleven course a general consider and If possible to decide upon the best to of the banks and business men in the present emergency SUSPENSIONS IN LOUISVILLE. LOUISVILLE, Oct , 1857. Means Hatchings & Co. and John Smidt & Oo., bankers, have suspended payment. There is qui a heavy run upon A. D. Hunt & Go., who far have sustained themselves, and who, is expect thas d, will be able to meet all their liabilities. THE BANK OF PITISBURG. The old Bank of Pittsburg continues to pay specie on all liabilities. RUN ON THE BANKS IN DETROIT. DETROIT. OR 1,1957. interse excite on the Peninsular Bank causes this morn The run run on the other banks was severe The most The The FOD was principally by small bill holders. banks mg. redeem promotiy, and are, to all appearances, strong. THE CRISIS IN ILLINOIS. ETC. FAILURE OF THE BANK OF BELLEVILLE, Sr. Lovia, 03: 1,186: Bank of Belleville, Belleville, Illinois, has failed The The banking house of Moore, Hollenbush & Co., at Quincy, Illinois, has suspendei. Monday, at the same place, there was run upon thomselves. the On banking house of Flagg & Savage, but they sustained THE BANKS OF AUGUSTA, GA. AUGUSTA, Ga Oct. 1857. The banks here are discounting freely, to enable the merchants to purchase gotton. THE CHARLESTON BANKS STAND FIRM. 1857 CHARLESTON, Oct. 1, The Prest tents of our banks held a meeting this morning and reserved not to suspend. FAILURE IN TORONTO, C. W. TOBONTO, C.W. Oct. 1, 1857. Brett, banker, of this city, suspended this morning. in ful. The R. assignees H. report that his creditors will be paid FAILURE OF THE FARMERS' AND CITIZENS' BANK OF WILLIAMSBURG. Farmers' and Oilizens' Bank of Williamsburg, L.L. The its doors yesterday morning, having been the pashed times. closed suspension of business by the pressure of and to a is stated that the bank had $103,000 on deposit and about IS $277,000 discounted paper in its possession, good. that $225,000 of the latter is considered perfectly lose in Depositors have been assured that they will not wait a slightest degree, although they may have to bank the time for their money. The circulation of the the short $100,000, and as this is secured by State stocks bank was holders cannot suffer. It is believed that the bill will very soon redeem all its airce ation, dollar for dollar. OUR TROY CORRESPONDENCE TROY, Oct. 1, 1857. n is gratifying to be able to state, that though the mone strin pressure throughout the whole country is so is not may burdensome, the credit of the city of Troy default of gent and be permitted to outfer in the least by any it the to The train that bears this note earnies with the sum here. of $8,257 60, as the amount of interest due on urey Hailroad the debt. city There issued also in behalf Calla due of to-day $6,760 of Railroad the bonds Company, or which added a total to tate of on TO that the city has provided and in order protect IM good the $16,431 mandably, rest the Troy Union like have bonds remained of $1.474 firm 20, during promptly makes name ability to and weather credit entire com storm panic, Our banks and have given evidence than the one of their just subsiding There an ap has not been, so far, confidence a on the part of depositors; the universal the warnings of the HERALD, to profit in this community to-day is even whose and groach failed influence greater to impaired in time impression single by is spension, here as well that as or they eminent increased even have truth. ten- not in all that relates to the enjoys the fullest oon fulness fold, because of I say its fearlessness that the HERALD present departments, panic. write no one ad visedly adence years of when our to question business its men eatire in all reliability or honesty of purpose. NEW YORK STATESTOCK SECURITY SUPREME COURT, BANKS. DECISION OF THE 1867. IMPORTANT APECIAL THRM, REFTEMBER, ALBANT Syracuse Bank James M Ook Superintendent behalf of the relator to com de This was an application on to transfer certain of The people Bank Department on the relation of of the the Bank the surrender Department securities us. an its of pel posited the with him by the circulating relator upon notes. It appeared under that the organized she relator is a of this State and the in general banking thereto; that the securities relator amount to office of the Bank the circulation of the bank duly $100,800; equal amount amendatory and department that banking laws Department amounts institution by to the the perintendont same deposited several rum. regis for a nots Ap the sered plication at the had been made to of the a portion Bank Sa of the securities of the so Gransferred, re-transfer to and the at relator the same time an equal amount

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

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Failure in Louisville, Ky. LOUISVILLE, Oct. 1.-Messrs. Hutchings, & Co., and John Smidt & Co., bankers, have suspended payment. There is quite a heavy run upon A. D. Hunt & Co., who thus far have sustained themselves, and who, it is expected, will be ablo to meet all their liabilities.

3. October 2, 1857 Evening Star Washington, DC
Article from Evening Star, October 2, 1857

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The Financial Crisis. PHILADELPHIA, Oct. 1.-Messrs. White, Ste. vens & Co., and Messrs Laurence, Stone & Co., branch of a Boston house, have suspended. The terday. Reading Railroad paid its coupons that were due NEW YORK, Oct. 1.-The feeling at the Clearing House and all the principal banks is decidedlycheering. Coin is flowing in from all quarters. The sub-treasury to-day paid out over half a million, and it is expected that about eight hundred thousand more will be paid out to-morrow. The merchants are receiving liberal accommadations, and there is a manifest improvement in all commercial circles. The conversation in commercial and bank circles is hopeful, and quite strengthened by the favorable news from Boston. Preparations are making for Saturday's payments, which will be very heavy. That will be the most trying day of the season, as the amount of bills receivable maturing on that day is very large. The Commercial of this afternoon says the impression is that we have now reached the worst point, and if we only get over the payments of Saturday, we shall be comparatively in smooth water. The Farmers' and Mechanics' Bank, of Williamsburg, which has suspended, has a circulation of one bundred thousand dollars on a deposit of Statestock. It is said that the leading bill drawers stand ready to take produce bills from the banks and give their own regular bills on London in exchange. Stocks do not share in the improved feeling-a general heaviness has taken possession of the market and all descriptions are lower. Illinois Central bonds decline ten, the stock five, and Rock Island railroad fell six dollars per share. There was an unusual amount of State stocks bid off'at a decline of 1½ to 3 per cent. At auction, twentyfive thousand dollars of Louisiana 6's sold at 73to 75 1/2 There is very little doing in funds on suspended cities, and rates are nominal Seven per cent is mentioned as the rate on Philadelphia. BOSTON, Oct. 1.-An informal meeting of merchants, preliminary to the call of a general meeting of the mercantile interest. to consider the financial crisis and present course of the hanks, as affecting merchants, was held here to-day. The banks discounted some to-day, but not enough to ease the market, and we have some failures to announce: John A. Sewel, Benjamin Howard. Richardson, Kendall & Co., and Peter e Jones have failed. Lawrence Stone & Co., a very heavy dry goods house, have suspended. It is connected with a number of mills, all of whom suffer. They also were agents for the Bay State Mill, at Laurence, and heavy sharebolders in them. The Bay State corporation at Laurence will necessarily suspend, throwing out of employ one-third of the operatives at Lawrence, Their New York houseal o falls with them PITTSBURG, Oct. 1-The Allegany City (Pa.) Bank continues specie payments on all its notes and deposites. LOUISVILLE, Oct. L-Hutchinson & Co., bankers, have failed to-day, and made an assignment. It is understood that their assets exceed their lia. bilities by one hundred and fifty thousand dollars. The banking house of John Smidt & Co. also closed doors to-day. There is a heavy run on the banking house of A. D. Hunt & Co., but it is believed they will certainly hold out, as the firm is astrong one. CHICAGO, Sept. 30.-Swift Brothers and Johnson's banks temporarily suspended this morning. There is but little excitement here. DETROIT. Oct. 1-The Peninsular Bank of this city has been enjoined by Attorney General Howard, on account of its refusal to surrender to the State Treasurer its circulating billstothe amount of the deficiencies between the present value of its stock securities and that of its circulating notes, as required by the charter. It is said that the bank has abundant means to pay its debts. Sr. LOUIS. Oct. 1.-The Bank of Belleville, III., has failed. The banking house of Messrs. Moore, Hollinbush & Co., at Quincy, also suspended on Monday. NASHVILLE, Oct. 1.-The Bank of Tennessee, Planters', Union, Merchants', City and Bank of the Union have resolved unanimously to maintain specie bases. They are amply able to pay pay the last dollar. AUGUSTA, Oct. 1-The banks here are discounting freely to enable our merchants to make their purchases of cotton.

4. October 3, 1857 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, October 3, 1857

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Telegraph News. BOSTON, Oct. 1.-The failure of Measrs. Lawrence, Stone & Co., dealers in dry goods here, is announced to-day. The Concord R. R. Bridge at Hooksett, over the Merrimac, was burned last night from sparks igniting the roof. It was insured for $150,000. It will be immediately rebuilt. The suspension of Messrs. Lawrence, Stone & Co., caused some considerable excitement on State street to-day. Mr. Saml. Lawrence, sen. partner, is in Europe, and Mr. Slade, financial manager, is seriously ill. The firm are agents for the Bay State, Pemberton, New England, Worcester and Middlesex mills. Ira A. Lowel, also consected with the Pemberton Mills, is also reported as having failed. The other failures announced are B. Howard, Commission Merchant, Central Wharf Richardson, Kendall & Co., Dry Goods, Milk street and Peter C. Jones, Paper dealer, Water street. The Banks did some discounting to-day, but not enough to case the market. The best of paper was done in the street for 2 per cent. a month. Little business was done at the Board of Brokers to-day no quality of stocks command asking prices.The Bank shares were low down and no sales were made. A general meeting of merchants was called for te-moarow at 11 o'clock, to consider and if possible decide upon the course of the Banks and business men in the financial emergency. LOUISVILLE, Oct. 1.-Hutchins & Co., Jno. Snidt & Co., Bankers, have suspended.Quite a heavy run is made on A. D. Hunt & Co., who thus far sustain themselves, and it is expected will meet their liabilities. DAYTON, Oct. I.-Reported that a Cincinnati banker went into the Branch Bank at Piqua, to-day, with a carpet bag of bank notes to demand specie. A mob of citizens, not connected with the bank, followed him, and requested him to leave town or take lynching. The broker accordingly left without accomplishing his object. His name is not ascertained. PITTSBURGH, Oct. 1.-The old Bank of Pittsburgh continues to pay specie on all its liabilities. NEW YORK, Oct. 1.-Somebody got up a heartless hoax announcing the safety of Captain Herndon and sixteen of the passengers and crew of the Central America-consider able excitement was caused thereby. The Annual Convention of the Episcopal Charch of the Diosese of New York, commenced yesterday. To-day Bishop Potter delivered the Annual Address. Philadelphia, Sept. 27.-Gov. Pollock reached here on Saturday, having been summoned to a conference on the condition of the banks. A proclamation will be issued on Tuesday, convening the Legislature on the 5th of October. The old Legislature expires immediately after a new election, 80 that the extra session will be limited to one week. Whatever relief can be afforded is needed immediately or this call would be delayed. It is probable that the Legislature will put all banks on the same footing *including the Bank of Pennsylvania, against which adverse efforts will be made here. Its future business cannot be affected by this legislation, since it must depend on the con fidence of the community. Boston, Sept. 30.-The proposition to discount 10 per cent. of the capital of the Boston banks has been signed by all the rest of the banks, and the movement has given a brighter aspect to financial affairs. The failure of Butler, Hill & Co., was announced to-day. COLUMBUS, Ohio, Oct. 1.-The Board of Control, of the State Rank of Ohio, at a meeting held here to-day, adopted the following resolution Resolved, That the branches of the State Bank of Ohio, have the ability and will continue specie payment, regardless of whatever course taken by the Banks of other States. Philadelphia, Oct. 1.-White, Stevens & Co., and Lawrence, Stone & Co., who have a Branch House in Boston, suspended today. The Reading Railroad Company paid the coupons to-day. LOUISVILLE, Oct. 1.-A dispatch to the Bulletin says :-Exchange, Shelbyville, Lawrenceburg, and Trenton Banks, Tenn., suspended. A run on Hunt & Co., this city, ceased before closing business. They are considered strong. WASHINGTON, Oct. 1.-Two million dollars worth of U. S. stocks came in this morning for redemption. CHARLESTON, Oct. 1.-Reported forgeries on Jno. Frazer & Co., are unfounded. The Presidents of our Banks held a meeting this morning and resolved not to suspend. New YORK, Oct. 1.-The Farmers' and Artizans' Bank of Long Island at Williamsburg, suspended to-day. The I. C. R. R. pays its coupons to-day. The Mil. & Miss. R. R. pay theirs on first mortgage bond, but defaults on its income. The Lemos Slave Case was argued before the Superior Court to day. The dormitory of Wilbraham Wesleyan Academy, was destroyed by fire on Tuesday night-loss $70,000-insured for 20,000. TORONTO, Oct. 1.-R. H. Brett, Private Banker, of this city, suspended this morning. The assignees report that the creditors will be paid in full. DETROIT, Oct. 1.-The suspension of the Peninsular Bank causes intense excitement. The run on other banks this morning is severe; principally by small bill holders. They redeem promptiv and to all appearance

5. October 3, 1857 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, October 3, 1857

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scarcely an exception, have ceased operations. The number of workmen thrown out by all these suspensions is very large. In Troy, N. Y., the Rensselaer iron works, a establishment. have been compelled to give notice that they will pay their workmen quarterly hereafter. The notice from the proprietors say "It is proper to state that the plan of payment adopted. mainly grows out of the very mispractice of demanding of the banks specie the bills paid out by us. The banks. in view this constant annoyance, very naturally prefer retain their bills in theirown vaults, to issuing for payment to our workmen." During the past eight or ten days there has been announced the stoppage of three factories in Georwhich prefer to close rather than run at heavy The mills at Columbia. S. C., have advanced price of osnaburgs to 13½ cents. The pressure. it is stated. has no paralizing effect the building operations of Boston. Great granite, freestone and iron blocks are rising daily. and the mason's trowel rings out its sharp, clear click as usual. At St. Louis, on Saturday evening last, about one hundred mechanics were discharged from the different iron manufacturing and iron working establishments, and other mechanics in the same establishments had their wages reduced_to $1 a day for the best. Cause-no money on hand, except what was absolutely necessary to carry on business.The establishments have been manufacturing machinery, &c., on speculation, but find themselves compelled to stop that branch of work and depend ready orders and ash-paying customers. The following telegraphic dispatches give a condensed history of affairs in the cities named: PHILADELPHIA, Oct. 1.-Messrs. White, Stevens & and Messrs. Laurence, Stone & Co., branch of Boston house, have suspended. The Reading Railroad paid its coupons that were due to-day. BOSTON, Oct. 1, Evening.-The Banks discounted to day, but not enough to ease the market. and we have some failures to announce. John A. Sewell, Benj. Howard, Richardson, Kendall & Co., Peter C. Jones. have failed. Messrs. Laurence, Stone & Co., dealers in domestic good, have suspended. ST. LOUIS, Oct. 1.-The Bank of Belleville. Illihas failed. The banking house of Messrs. Mosse, Hollenbush & Co., at Quincy, also suspendon Monday. AUGUSTA, Oct. 1.-The banks here are discountfreely to enable our merchants to make their purchases of cotton. LOUISVILLE, October 1.-Hutchings & Co., bankers, failed to-day, and made an assignment. It is inderstood that their assets exceed theirliabilities one hundred and fifty thousand dollars. The banking house of John Smidt & Co. also closed to-day. There is a heavy run on the banking of A. D. Hunt & Co., but it is believed they will certainly hold out, as the firm is a strong one. CHICAGO, Sept.30.-Swift Brothers' and Johnston's temporarily suspended this morning. There but little excitement here. NASHVILLE, Oct. 1-The Bank of Tennessee, PlantUnion, Merchants', City and Bank of the Union resolved unanimously to maintain specie baThey are amply able to pay the last dollar. Washington City Corporation stock is selling at The Augusta, Ga., Chronicle, speaking of the asof affairs at the North and the condition of South, says: At the South, however, the skies are much righter, and in the cotton growing States we apno such result, except, perhaps, in Tenwhere their banking system has always conducted on erroneous principles. In South arolina, we are rejoiced to think and believe, the roposition will not be entertained, nor indeed in eorgia among those institutions which are proorganized, and have transacted a legitimate usiness. The Wild Cats will probably yield. and should not regret such a result, as it will effectrid the country of the nuisance. We trust, owever, that the people will compel every bank suspends specie payments to forfeit its charThat is the only true course to secure sound anking, and safe and secure institutions. THE SUSPENSION IN NASHVILLE, TENN. On the morning of the 28th ult., a notice posted the door of the Nashville Bank, announced the aspension of specie payment, creating intense exitement. The Union says: During the forenoon College street, in front of bank, and Union street, near its intersection College, were filled with an anxious crowd of ersons, attracted by motives of interest or curiand considerable excitement prevailed. The of other free banks in the vicinity, as well of the State and Union Banks.were watched with nxiety, and various conjectures indulged in as to hether they would at the usual hour. When o'clock came, and they all opened their doors, public anxiety was considerably lessened, and disposition manifested to withdraw deposits do anything calculated to produce & panic. The began gradually to disperse, and although places of those who went were filled to some xtent by new comers, yet at the hour of this writwo P. M., the streets are nearly clear, and confidence in the entire solvency of the city restored. A meeting of merchants and business men was yesterday, we understand, to take the state affairs into consideration, and devisesome means ballay the panic and relax the money market, at a resolution was adopted requesting the Union, and Planters' Bank to suspend specie ayment for the present. This, we are very much ratified to learn, these banks promptly and unannously. declined to do. This determination has additional confidence to the public in the good titutions. and reliability of these old and long tried InThe following is a list of the banks whose bills thrown out at the counter of the State Bank esterday. The ground upon which their notes refused, was that they had no agencies here take them up. Some of them are believed to be solvent. Here is the list: Exchange Bank. lurfreesboro': Bank of Claiborne, Tazewell; Bank Lawrenceburg, Lawrenceburg; Bank of Jeffer. Dandridge; Bank of Memphis, Memphis; orthern Bank of Tennessee, Clarksville; River Memphis. The Union in apostscript, adds: b < The State Bank yesterday afternoon refused the of the Bank of America at Clarksville, the of Claiborne at Tazewell, and the Bank of 5 azewell. The Bank of Jefferson has been refused

6. October 5, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 5, 1857

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as Messrs. A. D. Hunt & Co., bankers of Louisville, after sustaining a heavy run from depositors daring the whole day on Thursday, found themselves stronger in ready means at night, than they were in the morning. Their receipts had been larger than their payments - They were nob y sustained by their friends, and public confidence in them is now stronger than ever.

7. October 9, 1857 Wilmington Journal Wilmington, NC
Article from Wilmington Journal, October 9, 1857

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Failure of Bankers at Louisville and Run on Others. LOUISVILLE Oct., 1.-Hutchings & Co., bankers, have failed to-day, and made an assignment. It is understood that their assets exceed their liabilities by one hundred and fifty thousand dollars. The banking house of John Smidt & Co. also closed doors to-day. There is a heavy run on the banking house of A. D. Hunt & Co., but it is believed they will certainly hold out, as the firm is a strong one.

8. October 10, 1857 The Weekly Minnesotian Saint Paul, MN
Article from The Weekly Minnesotian, October 10, 1857

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LATEST NEWS. More Banks Breaking-Financial News from the East, &c., &c. LOUISVILLE, Oct. 1. A despatch to the Bulletin says, Exchange, Shelbyville, Lawrencebury, and Trenton Banks, Tennessee, have suspended. The run on Hunt & Co.. of this city ceased before they closed business, they are considered strong. Sr. LOUIS, Oct. 1. The Bank of Belleville, III., failed. Banking House of More, Halebush & Co., Quincy. III., suspended on Monday. Run on Flagg & Sauage, of same place, but they sustained themselves. LOUISVILLE, Oct. 1. Hutchins & Co., John Schmidt & Co., Bankers, suspended. Quite a heavy run on A. D. Hunt & Co., who thus farsustain them selves, and it is expected will meet their liabilities. Philadelphia, Oct. 1. White, Stevens & Co., and Lawrence, Stone & Co., who have a Branch House in Boston, suspended to-day. PITTSBURGH, Oct. 1. The Old Bank of Pittsburgh continues to pay specie on all its liabilities. COLUMBUS, Sept. 30. The Board of Control of the State Bank of Ohio, at a meeting held here to-day, unanimously adopted the following resolution : Resolved, That the branches of the State Bank of Ohio have the ability and will still continue specie payments, regardless of whatever course may be taken by the Banks of other States. DETROIT, October 1. The suspension of the Peninsular Bank causes intense extitement. The run on other Banks this morning is severe, principally by small bill holders. They redeem promptly and are to all appearances strong. State Fair commenced on Tuesday. NEW YORK, Oct. 1. The Farmers & Athens Bank of Long Island, and Williamsburgh, suspended to-day.The Illinois C. R. R. pays its cupons to-day. The Mil. & Miss. R. R. pay theirs on the 1st mortgage bonds, but defaults on its income. CHARLESTON, Oct. 1. Reported forgeries on Jno. Frazies & Co., are unfounded. The Presidents of our Banks held a meeting this morning, and resolved not to suspend. WASHINGTON, Oct. 1. Two million dollars worth of U.S. stocks came in this morning for redemption. PHILADEPHIA, Sept. 30-3 P. M. The banksare still pursuing an inharmonious course, thereby causing trouble and vexation to the business men. The Pennsylvania Bank refuses for the present to come into any arrangements with the banks, bearing that her largest depositors will remove their balances to other banks, creating large indebtedness to them which could not at once be settled withont difficulty. Arrangements are making to place her on a firm basis. The other banks are at variance, refusing to receive the certified checks of each other.— There is confusion in all the arrangements of parties having notes due while the funds are locked up. The people feel outraged at the want of system, and the necessity for a clearing house is becoming daily more important. BOSTON. Sept. 30-3 P. M. At the adjourned meeting of Bank Presidents to-day, it was decided to discount during the week, nearly three millions. This will ease the market and largely restore confidence. PITTSBURGH, Sept. 30-3 P. M. The Alleghany City Bank continues to pay specie on all its notes and deposits. HARTFORD, Sept. 29-3 P. M. The Hartford Banks have no idea of suspenking specie payment. They are stronger than they were last week.

9. October 13, 1857 Arkansas True Democrat Little Rock, AR
Article from Arkansas True Democrat, October 13, 1857

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OF The Louisville Democrat, of Friday, announces the suspension of the old private banking house of HUTCHINGS & Co., who have made an assignment. They have ample means to pay all. Also the house of JOHN SMIDT & Co., who sustained a run from their small depositors and paid all. They will resume, having $119,532 assets against $98,084 liabilities. A. D. HUNT & Co. were run upon, they paid out rapidly for a time, but were amply able to meet all liabilities. The excitement soon subsided, and the run had ceased long before business hours had closed.