2828. Manufacturers & Mechanics Bank (Columbus, GA)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
November 8, 1856
Location
Columbus, Georgia (32.461, -84.988)

Metadata

Model
gpt-5-mini
Short Digest
83d647db

Response Measures

Full suspension, Books examined

Other: Receiver appointed; bank failed and notes sold at deep discount.

Description

Contemporary papers report a run on the Manufacturers & Mechanics' Bank of Columbus in early November 1856, the bank closed its doors, a receiver was appointed and its resources were found scant. This indicates a run leading to suspension and ultimate failure/receivership. Dates are best-effort reconstructions from publication dates and article language (e.g., 'Friday and Saturday of last week' in the Nov. 13, 1856 Tribune).

Events (3)

1. November 8, 1856 Run
Cause
Bank Specific Adverse Info
Cause Details
Longstanding distrust of the bank's reputation and dubious affairs led depositors to withdraw funds over several days.
Measures
Officers kept the doors closed (cashier absent); bank did not open its office on Monday when crowd gathered.
Newspaper Excerpt
the prevailing distrust caused a run on the institution on Friday and Saturday of last week; and on Monday morning a crowd gathered in the front of the bank
Source
newspapers
2. November 11, 1856 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed heavy withdrawals and discovery of scant resources during investigation; bank closed its doors and suspended payment of circulation/notes.
Newspaper Excerpt
The Manufacturers' and Mechanics' Bank, of Columbus, Ga., ... the doors were finally closed.
Source
newspapers
3. November 14, 1856 Receivership
Newspaper Excerpt
an investigation of the affairs of the suspended Manufacturers and Mechanics' Bank was made last week by a receiver appointed for that purpose, and that the resources available for the redemption of its liabilities were found to be very scant.
Source
newspapers

Newspaper Articles (7)

Article from New-York Daily Tribune, November 13, 1856

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Article Text

THE FAILURE OF A GEORGIA BANK AND ATTEMPTED SUICIDE OF ITS PRESIDENT.-The failure of the Manufacturers and Mechanics' Bank of Columbus, Georgia, has brought to light certain facts tending to show that it was a concern of very dubious reputation at best. It appears the prevailing distrust caused a run" on the institution on Friday and Saturday of last week; and on Monday morning a crowd gathered in the front of the bank, and had the doors been opened the run would have been continued. But Mr. Fonda, the cashier, was absent at the North, and the remaining officer did not open the office. The Columbus Inquirer of Tuesday, from which we obtain these particulars, remarks: " We do not think the bank has any large amount of notes in circulation-indeed it has always been distrusted to such an extent as to deprive it of general confidence. In the present unknown condition of its affairs, we would advise the note holders not to submit to any great sacrifice on the bills, but hold them till we have more light on the subject." Of the attempted suicide of the President, the same paper says: "We learn at Dr. Taylor, while at Atlanta, was found to be at times in a state of mental derangement, and a gentleman of this city started on the cars with him to bring him home. Finding the Doctor in such 8 state of mind as to make it dangerous for him to retain deadly weapons, he took from him 8 pistol or two, and supposed that by vigilant attention he could arrested in the attempt to commit any rash act. But when the cars were a short distance from West Point, Dr. Taylor requested the gentleman who was traveling with him to pass him 8 bottle of Wolf's Schnapps, which another party of gentlemen Lear them were using; and while his eye was diverted by attention to this request, Dr. Taylor drew 8 small sword from a sword-cane and thrust it into his own side in the immediate region of the heart! He was immediately taken in charge by physicians on the care, and was carried to Atlanta." HOMICIDE IN CHARLESTON, S. C.-On the 5th November a man named S. H. Patterson was shot in the streets of Charleston by Robert Lynes. The evidense before the Coroner was to the effect that, on Wednes day morning, about 9 o'clock, the deceased was pass ing a store in King street, above Spring, when he WS bailed by Lynes, and after some words between them the latter cursed the deceased in the most offensive terms. The deceased said that Lynes was a black guard, and only wanted deceased to strike him, but he would not do it. Lynes then went back to the store. and deceased moved toward Spring street, about thirty steps. Lynes followed him, and again cursed him when deceased took a small saw out of the hands 0 an acquaintance, and approaching Lynes, said if h cursed him again he would strike him. The saw was taken from him by its owner and Lynes moved off some distance. Deceased, standing at the corner of King street and Spring, then commenced cursing Lynes, who walked up to him and assumed a position as if he was going to strike him. Deceased then, with his stick, struck Lynes on the side of his head, when he stepped back and drew a revolver and fired, but missed. Lynes cocked bis pistol, when deceased gave him another blow over the head, when the pistol snapped. Lynes again cooked his pistol and fired, the ball entering the left side just above the hip and penetrating the abdomen, the deceased at the same moment striking Lynes over the head. The deceased, exclaiming he was shot, walked to an seent drug-store, whence Le was conveyed to his home, where he expired at 1 o'clock on Thursday morning. The verdict of the inquest was, that Mr. S. H. Patterson came to his death by a bill shot from 8 pistol in the hands of one Robert Lynes. Lynes has been arrested and committed to await his trial. ESCAPE FROM JAIL--Welearn through the Philadelphia mail agent that Townsend, who has been in jail at Wihnington, Del., on a charge of robbing the PostOffice there, made bis escape on Friday night for the second time.


Article from Worcester Daily Spy, November 14, 1856

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Article Text

FAILURE OF A GEORGIA Bank, AND ATTEMPTED SUICIDE OF THE PRESIDENT THEREoF.-The Manufacturers' and Mechanics' Pank, of Columbus, Ga., getting into bad odor, there was a run upon it last week, and the doors were finally closed. The President, Dr. Tayly. exhibited signs of mental alienation. and a gentleman took charge of him, to convey him to his home at Atalanta. His pistols were taken from him, and he was closely watched, but managed to thrust a small sword into the region of the heart. The bank has never been considered very trustworthy.


Article from New-York Daily Tribune, November 15, 1856

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Article Text

NEW-YORK DAILY TRIBUNE, SATURDAY, NOVEMBER 15,1856. inquired for, but in view of the high rates for the raw The Ohio Life and Trust Comp any will pay the couCOMMERCIAL MATTERS. material, factors do not foel justified in lowering prices. with pons on the bonds of Ohio Co anty and Washington Satinets are inactive, hat the stock is small, and prices County. Nov. 14. Sales at the Stock Exchange rule firm. Kentucky Jeans and Tweeds are inactive, 811 The earnings for the first month of the new fiscal 83 2100 Reading Railroad 2,000 Indiana State 5a 81, $564,133 24 year, October, of the Erie Rail road were do 400 5,000 Tenn. State 6a, 91 but prices are unchanged. The better class of Blankets 53 814 598,340 15 October, 1855 do 94 4500 9,000 Virginia 6s b60 82 are in good demand, and realize full prices. Woolen do 891 1200 1,000 Mo. State 6s s60 814 Decrease $34,206 91 do 200 $389 do Shawls have been in good request, and the stockis now 12,000 Judge #10 81 do 700 by 891 do 11,000 That part of the F/ort Wayne and Chicago Railroad s30 814 much reduced; prices remain steady. do 69 100 1,000 Cal State 7a, 75 #60 81% lying between Fort, Wayne and Plymouth (65 miles) is do 100 85+ 5,000 N. Y. Cen. RR Os In the foreign Dry Goods market, trade with importcosts. #60 81 do 400 3,500 N. Y. Cen. RR. 7a 101 now completed a d in operation. The first care run 964 ers and jobbers is prostrate, and but little animation 5 Michigan Cen. R.R. 3,000 H. Riv. RR. 1st Mtg 98 97 Monday do 250 over the line fro m Fort Wayne to Chicago on Tuesday 2,000 Hud. Riv. R. 3d Mge 63+ 97 is expected until the opening of the early Spring trade. do 206 do 69, 2,000 971 last, thus givi ng a direct communication by rail from do 50 Staple fabrics are firmly held and the stocks left over 4,000 Harlem RR. 2d Mge. 72 1151 other 30 Galena & Chi. R. R. do 72/2 1,000 Philadelphia, by way of Pittsburgh, Fort Wayne, 115 are not excessive notwithstanding the large importado 38 7,000 Illinois Cen. RR. Bs 91 Plymouth e nd Laporte, to Chicago. do 200 911 do tions; the country trade has been good and a large 18,000 #60 881 So Mich 100 do b60 91, 15,000 14The imp orts of Dry Goo for the week are $889,633, #90 831 amount of goods have been distributed for consumpdo 100 b30 91 do 10,000 89 do against $1,200,601 same week last year. The details 864 2,000 T. Haute & A. 2d M. 73 tion throughout the interior. The large fire which b30 891 do 200 are: 13 Bark State N. York 1021 b10 89 occurred here since our last has been the means of do 530 1084 5 Metroplitan Bank 89 ENTERED FOR CONSUMPTION. do 110 118 32 Bank of America Valu'n. Manuf. of Pkgs. Valu'n. Manuf. of 96 Pkgs. destroying considerable quantities of goods, including raham 1650 Panama Bailroad 22 630 Wool 100 Canton Company Micellaneous 375 438 $73,553 96 $158,050 do some Domestic Carpet fubries; but the entire stock after 5 22 do 50 Cotton 575 134,439 80 % do 200 50 Nicarage Transit Co 33 Silk Total $679,234 1,992 295 was well insured, so that the owners will suffer no loss. 244,188 b60 97 in do the 600 100 Del. and flud Canal Co 125 1855 Flax 309 895,412 96 89,004 2,437 order do 250 The unsettled state of financial affairs and the tight12 do 65 WITHDR 961 do Ingra100 SG Valu'n. 10 Penn. Coal Company Manuf. of Manuf. of Valu'n. Pkgs. Pkgs. s30 96 ness" in monetary circles on the other side appears to do 50 edinge do, 200 615 of 126 Wool 55 Miscellaneous. $4,674 $19,284 b10 96 do that 50 b2517 de 200 have a salutary effect in reducing the inCotton 57 11,885 961 do be 25 60 La Crosse and Mil. R.R. 811 281 Silk Total $46,712 14 5,697 b68.1171 flated prices previously demanded, especially 300 III. Cen. R.R. 811 upon 60 do 1855 146 Flax 29 41,520 5,7721 do he be 100 150 Cumberland Coal Co. 18$ for Silk fabrics on the Continent; raw silk had also deWAREHOUSED. 117 do with do beo 194 100 Valu'n. Pkgs. Manuf. of Manuf. of Valu'n Pkgs. clined. In London the price of Silk receded 3s.-so the 200 100 Clev. and Pitte 59 19 do 300 965 Wool $22,764 Miscellaneous. 169 $38,740 b30 59 do 200 Brady, 1010 New York Cen. R.R. 881 Cotton 289 46,770 58 that the probability is, there will be much less diffido 400 1630 89, original do 300 210,599 Total Silk 1,808 121 54,422 581 do 100 15 881 do day, 100 eulty experienced in filling orders for this country than 305,189 1855 Flax 264 1,116 73 47,703 300 Cleve. and Tol. R.R endant, b10 89 do 200 731 was anticipated. Some straggling failures now and do to bail 600 At a meeting of the new Directors of the Third Ava60 881 do 100 734 do it hich 1070 lbso 89 do 100 then are occasionally taking place, which induces caub60 74 enue Railroad Company. whose names we have bedo 400 of writ 881 do 250 630 74 tion on the part of some of the most sagacious importdo atto 1000 s30 884 do fore published, held at the office of the Company, cor150 b30 73% do 200 of tae do 881 110 ers in the trade in disposing of their goods, while many bio 734 ner of Sixty-first street and Third avenue on Thursday do 1200 held s30 62 150 Erie Railroad s60 73 do 100 now have adopted the short credit system; but the majority do 621 2850 night, the following officers were elected for the ens60 723 do 100 do b10 621 1150 eedings of the houses here are generally in a healthy condition. #10 73: do suing year: President, William A. Darling; Vice400 62 do 450 98 the 360 Chi. & R. Island R R of b3 62 James Beck & Co., whose failure has recently been do 300 President, William Remsen; Secretary, Samuel B. 97% do 30 The b60 62 do 1500 97 reported, have settled with their creditors at 70 cents do Judge 6062 125 Isaacs; Treasurer, John L. Geib; Superintendent of do /00 s5 97% do the In 100 do 100 b30 621 on the dollar, allowing time. The Silk importing and #60 97, Road, William H. Schenck; Superintendent of Stables, de 62 Revised 100 do 925 s30 971 do jobbing firm of Freeman & Bright, who recently sus100 b10 621 3. S. Merriam. do 560 power 97 do mode 226 b60 62 do 1000 pended, have made an assignment to Messrs. Dow & 97 The following slip has been sent us from the office of de 75 s60 61 do 100 pecting 971 Keeler. do herefor 50 s45 61 do 100 Thompson's Bank Note Reporter 20 Milw. & Miss. Railroad. 77 15, 100 Harlem Railroad The contract for the construction of the second divisPROVIDENCE, Nov. 13, 1856. and do 13 Little Miami Railroad. 89 154 100 JOHN THOMPSON, esq.- Dear Sir: Yours of the 12th before b60 16 do 100 ion of the Chicago, Iowa and Nebraska Railroad, act inst., with bills of Mt. Vernon Bank. is received. The extending from De Witt to Cedar Rapids, a distance one SECOND BOARD. Bank is paying nothing to-day. The Governor last 611 mother 100 Erie Railroad s8 4,000 Virginia 6s 942 of 60 miles, has been let. The work is to be done by b30 62 evening sent commissioners in to examine their affairs, The de 500 22 50 Canton Company b60 16 as who pronounce the Bank able to meet all its liabilities, the 1st of October next, and the cars will be running 200 Harlem Railroad 300 Cumberland Coal Co.a3 19 s60 951 50 Mich. Cen. R.R. do. b60 194 :00 and they will resume payment again in a day or two. to Cedar Rapids in 14 months from this date. a60 95 de 50 50 Del. & Hud Can $60.125 It is understood that a change will be made in the 951 do 25 126 do The Columbus (Ga) Enquirer states that an in100 management, and one of the stockholders, a wealthy 100 Illinois Cen. R.R b30 116 225 N. Y. Central Railroad 88 804 vestigation of the affairs of the suspended Manufacgentleman, will be placed at the head of the Bank. do. 300 Reading Railroad 100 b60 88, b8 80 de 400 turers' and Mechanics' Bank was made last week by 25 Chie. & Rock Isl. R.R. 96 Yours truly. and 80 de 400 96 do 125 valued The Bank of the Republic, Providence, the failure 801 a receiver appointed for that purpose, and that the de 200 do 120 951 Reade b10 801 do 200 200 Cleve. & Pitts. R.R 581 of which was announced some weeks since, appears to resources available for the redemption of its liabilities three b3 80 de 100 300Mich So Ia b30 88 be a bad wieck. b60 81 were found to be very scant. It is said that the do 100 s30 611 100 Erie Railroad burb10 804 50 de 614 do 100 The suspension of Mr. Marvin, the President of the amount outstanding is about $20,000. Some sales of Re954 61 25 Panama Railroad. do 100 b10 954 Stock Board, was announced to-day. He has resigned do 100 2d 61 do 100 its paper have been made as low as 25 cents on the 115 in the 100 Gal. & Chic. R.R. 300 b60 62 do dollar. the Presidency. His operations have been, of late, 115 do b30 62 do 220 100 on the hear side beo 116


Article from The Feliciana Democrat, November 22, 1856

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P The Manufaceurers' and Mechanics' Bank of Columbus, Ca., has suspended payment.


Article from The Weekly Minnesotian, December 6, 1856

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BANK MATTERS.-The Bank of the Republic, Providence, the failure of which was announced some weeks since, appears to be a bad wreck. A letter to Thompson's Bank Note Reporter, under date of Providence, Nov. 13, says, "The Mt. Vernon Bank is paying nothing to-day. The Governor, last evening, sent commissioners in to examine the affairs, who pronounce the bank able to meet all its liabilities, and they will resume payment again in a day or two." The Columbus (Ga.) Enquirer states that an investigation of the affairs of the suspended Manufacturers and Mechanics' Bank was made a few days ago by a receiver appointed for that purpose, and that the resources available for the redemption of its liabilities were found to be very scant. It is said that the amount outstanding is about $20,000. Some sales of its paper have been made as low as 25 cents on the dollar.


Article from New-York Daily Tribune, December 24, 1856

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SECOND BOARD 61 Erie Railroad ... Harlem RR 2d Mtge. 75 61 btwk $600 18. Cen. RR. Bonds. 94 100 100 Mich. So. Is. RR 871 Del. & Hud. Canal Co. 117 74) 120 N. Central RR 91, La Crosse Mil. RR b20 Illinois Central RR Erie Railroad. 601 40 Chic. Rock Isl. RR 1042 100 snw 601 104; 615 100 300 69, TUESDAY, Dec. 23-P. M. The transactions of the Stock Board to-day were extremely limited and the market was without any feature of interest. There was no second call, and the Board adjourned at an early hour. Prices show no very important changes, but, under the circumstances of the market, are very well sustained. Among the stocks that improved was Rock Island, which sold at 1042, closing at 104} bid. Illinois Central Bonds were also buoyant, and advanced to 941. h State Stocks the market is heavy. Virginias fell off to 94, Missouri 6g are lower. Some of the Western free banks are contracting their circulation, and sendbg their stocks here for sale, having improved to 79. Californias are better. The business in Exchange has been to fair extent for the steamer, and the bankers have been free draw. ere at 81@9 P cent for sterling. Outside bills were net over abundant. Francs were also heavy and dull. To Liverpool the engagements are 1,000 bble. of Floura 1s. 9d. 104d.;{20,000 bush. Grain at 61d.; 120 tune Logwood at 22s. 6d.; 50 tcs. Rice at 20s.; 500 Mandspikes at 21d. each; 400 Oars at 1d. each. To London: 500 bbls. Flour at 2e. 9d. @3s 200 boxes Bacon at 30s., 125 tes. at 3s.; 96 bales at 30s.; 50 tce. Lard at 30s.; 200 bbls. Pork at 4s. The business of the Sub-Treasury was: Receipts, $268,118 20; payments, $229,286 40. Balance, $11,988,104 43. The Seventh Ward Bank has declared a semi-annual dividend of 5 # cent, payable on the 2d of January. The Bank of America a semi-annual dividend of 4 * cent, payable Jan. 5. The Bank of the Commonweakh a semi annual div. idend of 5 * cent, payable Jan. 2. The Tradesmen's Bank a dividend of 5 & cent, payable Jan. 2. The Emigrant Industrial Savings Bank & dividend at the rate of 6 P cent * [annum on sums of $500 and under, and at the rate of 5 P cent * annum on larger sums. The business of the Clearing House to-day was $22,917,000. The Micbigan Central Railroad Company, by their aireular just issued, show a balance of $615,322 55 to the credit of income account, after deducting the recent dividend of 5 P cent, amounting to $302,855. The earnings for six months, ending Nov. 30, were $1,928,347 71; operating expenses, $914,170 03-net earnings, $1,014,177 68, from which was paid for inBereet $261,166 41, leaving $753,011 27, or about 12 P Cent on the capital stock. A remonstrance was in circulation at the Merchants' Exchange to-day against the passage of & bill by Con green requiring American merchantmen to use, under penalty, Regers's Marine Signals. The street was very quiet to-day. The storm shecked business. There was the usual amount of loans called in and replaced, but we think money was a trifle less difficult to find on good securities. Paper is not very plenty of strictly first-class signatures, and goes at 81@91 per cent. We hear of no further enpagements of gold for the steamer. The foreign advices by the Canada were not considered important. Considerable discussion occurred at the Second Board whether the quotation of Consuls, 94 for account, was dividend off or on. The quotation by the the City of Baltimere at Philadelphia to 3d Dr was 941 @941, both for money. If Consuls are Adend off, the the advance has been about 11 per cent. 1 year books of transfer were closed on the 6th Dec., and the Steck sold, dividend off, on the 10th or 12th. There are various rumors afloat oregard to the stability of some of the interior banks, and we shall not be surprised if some further suspensions take place. Two are named to-day as being under protest, but will possibly be financiered out of their difficulties. The Bank of Hallowell is stated to be under injunction, but we understand that the affairs of the institution are in & safe condition, and that the injuction upon hearing will be discharged. There is some difficulty among the Illinois Free Banks, growing out of a movement which the Chicago, Cincinnati and Louisville Bankers, have made to throw out most of the notes of these Banks. The law of Illinois, it appears, allows the Banks to redeem their small notes up to 5, in silver soin. This has been taken advantage of by the Banks to embarrass the exchange (forward) houses which have sent notes home for redemption. These houses have frequently been delayed several days reociving dimes and quartersi in redemption of their notes. The result has been that the brokers in Chicago and alsewhere have thrown out many banks and forced the currency home. If this is continued it will probably wind up several of these institutions. Some of them have already commenced withdrawing their securities from the Bank Department and have sent them here for sale. The annexed, in relation to suspended Banks, in from Thompson's Reporter The accounts from Lancaster all concur in saying vigorous exertions are being made to resuscitate the Lancaster Bank, with a fair prospect of success. We cannot learn of any movement on the part of the *wners of the Canton Bank, South China, Me., toward redeeming the outstanding circulation. The capital was small, and the paper mostly used in the vicinity the Bank. The Bank of the Republic, R. I., is & hopeless cassthe securities are even worse than represented at first, and we fear the holders of the circulation will realize but & small per centage of the amount. The reported suspension of the Bank of East Teanessee is contradicted by the papers of that place-by authority lay the blameto certain Banke at Lonisville, Ky. We have had confidence in the officers, and believe all will be right. The recent rumors to the discredi of the Mount Ver men Bank, R. I., were unfounded. The Bank has uniformly met all demands upon it with considerable promptness. From present as pearances, it is believed the assets of the Manufacturers and Mecnanics' Bank, of Colum bas, Ga., will not pay over 25 cents on the dollar. The amount entstanding is about $20,000. A bad failure. Of the Valley Bank, Md., no new light has broken in upon us, as to the probability of ultimate payment of the notes. The Receiver is said to be doing all he can to secure the bill-holders, and says if the Lelands are able, they will have to pay the bills in full. The circulation entstanding is about $190,000. The money is not bought by the brokers. Two Ellsworth Bank, Me., is purchased by the brokere generally at 50 cents on the dollar, in hopes of altima realizing something over that; but, from present appearances, with little prospect of success. Attemtion MB called to the advertisement in another estumn or the loss of a considerable pareel of Stocks, mostly W stern railroads. The public are cautioned against neg wtiating them. The shipn vents of specie this year and last, to this 1855. period, have been as follows: 1856. 14,971,508 $11,852,567 From Boston 27,207,015 36,811,60$ York.


Article from Grant County Herald, January 31, 1857

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Bank Failures and Suspensions of 1856. Jan. 8th-BaNK OF THE OHTo SAVINGS' INSTITUTE, at Tiffin, Ohio; failed. Affairs not yet closed up. Circulation, $500,000. Notes not bought. March 1st.-CENTRAL BANK OF TENNESSEE, at Knoxville, failed. Circulation about $100,000. Affairs yet unsettled.No sales for notes. Aug. 1st.-VALLEY BANK, of Maryland, at Hagerstown, failed: Circulation $190,000. Receiver has not yet made & report. Owned by Simeon Leland & Co., Metropolitan Hotel, N. Y. Notes not purchased by brokers. Sept. 3d-STATE BANK, at Sacketts' Harbor, N. Y., failed. Circulation $50,000. Affairs promptly wound up, and notes redeemed at par. PLANTERS' AND MECHANICS' BANK, Dalton, Ga., failed. Small concern, and nothing known about it. Oct, 27th-Bank OF THE REPUBLIC, Providence, R.I., failed. Circulation $80,000. Affairs in hands of Bank Commissioners, and not yet wound up. Notes bought at thirty cents on the dollar. Nov. 1--MANUFÁCTURERS & MECHANICS BANK, Columbus, Ga., failed. Circulation, $50,000. Not wound up, notes not bought, and prospects bad. Nov. 18th-LANCASTER BANK, Lancaster, Pa.; failed. Circulation $700,000.There is a movement on foot, which will probably be successful, to resuscitate this bank, and if so, the notes will be good again; if not, the assets are sufficient to pay a large dividend on them. Notes bought at sixty cents on the dollar. Nov. 18th-CANTON BANK, South China, Me., closed by State Commissioners.Circulation small. Notes not purchased. Dec. 18th-Exchange BANK, Bangor, Me., enjoined by State Commissioners.Circulation supposed not to exceed $40,000. Will probably go on again: Notes bought at 62 cents. Dec. 31st-ERIE COUNTY BANK, Erie, Pa., suspended: Circulation $300,000:e Notes bought at 50 cents. Of the suspension of the MINERS' AND e MANUFACTURERS' BANK, at Knoxville, Tenn., we know nothing definite. On the 20th ult., the BANK OF EAST TENNESSEE, Knoxville, closed its doors— probably forever. We hear the President has made an assignment of his property to the bank, and that all its assets are in the hands of Trustees for the benefit of d the billholders. There is no sale, here, for the notes. At Knoxville, those indebted to the Bank, pay thirty cents on the dols lar. Many of the above may not be wound up in years, while in this State, as in the case of the State Bank at Sackett's Hare bor, they are closed up and billholders paid n in a few months. e Altogether the past year has been very moderate in bank failures, and with one or two exceptions, there has been no great loss to the public.-[Thompsons] Reporter.