Bank of Hamburg (Hamburg, SC)

Article Text

The Columbia Carolinian says

In relation to the suspension of the Bank of the State, which will cause no loss to any of its bill holders, the Charleston Courier very properly recommends: "As we have before stated. the notes of the Bank of the State are secure beyond all question. Having the whole credit and the power of taxation of the State to sustain them. they are better secured than the notes of those banks in New York and else where, which have deposited dollar for dollar in stocks to secure their redemption -those stocks have to be sold at the market depreciation in order to redeem the notes, so far as the proceeds will go. Having. then, the fullest confidence in the ultimate convertibility of these notes, we would recommend them to the community as a circulation which would answer all the local purposes of trade." The Peoples' Bank at Charleston, has also suspended. Also, the Bank of Hamburg, S. C. SAVANHAH, October 15.-A meeting of the Presidents of the banks in this city was held last night, at which it was unanimously recommended to suspend specie payments. In consequence of which all the banks suspended this morning. NEW YORK, October 18.-All the banks in this city suspended specie payment yesterday. Sterling exchange is quoted at 1111. The Augusta (Ga.) Banks refused last week to take the bills of the Exchange bank of Columbia, Planters' Bank of Fairfield, and Bank of Chester, S.C. The Chester Standard says that in order to make assurance doubly sure and place the bills of the Bank of Chester above the slightest semblance of cause for doubt, the board of Directors have come out in a card pledging their several private fortunes for the redemption of the bills of the said bank."

Article Text

LIST OF SUSPENDED BANKS

IN GEORGIA. Georgia Railroad and Banking Company, at Augusta. Union Bank, at Augusta. Manufacturers' Bank, at Macon. All the Banks in Savannah. SUSPENDED BANKS IN SOUTH CAROLINA. Bank of the State of South Carolina, at Charleston, with branches at Columbia and Camden. Bank of South Carolina, at Charleston. Bank of Hamburg, at Hamburg. Planters' and Mechanics' Bank, at Charlestsn. Farmers' and Exchange Bank, at Charleston. People's Bank, at Charleston. South-western Railroad Bank, at Charleston. This bank, we believe, has an agency at Tallahassee, Florida.

Article Text

We see by the papers from the South by this m orning's mail, that several of the Banks of Georgia have followed in the wake of a large number of other Southern Banks. Those mentioned are, the "Union Bank" of Augusta, the "Manufacturers' Bank" in Macon. Public meetings had been held in Augusta and Savannah, requesting the banks to suspend. The Bank of Hamburg, (S. C.,) has also suspended. In the Northern and Western States'the suspensions are so numerous that we had as well sum them all up in a lump. Everything in the shape of a bank seems to be in a state of suspension. So we go-one day up-next day down. This is a great age. The Bank of Louisiana has suspended. It is no use in mentioning names any longer-we had as well give up the ship at once, and tell the truth as we verily believe it is. The whole country is in a state of suspension We have a strong notion of following suit, and don't know but we would do so, were it not that our customers will keep poking the paper bullets. at us. We can't help taking them. Somehow we have a sort of propensity to take anything and everything we can get that will pay as we go. Bring the nasty things ni, gentlemen--don't stop because the Banks have set the example. We have not concluded to suspend receipting our bills to our customers for any Bank bills that are not counterfeit. Bring them to us-we want them at par-we are not afraid.-Daily Journal, 16th inst.

Article Text

Suspended Banks

The following is a list of suspended banks in Georgia: Union bank, at Augusta. Manufacturer's bank, at Macon, All the banks in Savannah. The following is a list of suspended banks in South Carolina: Bank of the State of South Carolina, at Charleston, with branches at Columbia and Camden, Bank of South Carolina, at Charleston. Bank of Hamburg, Planters' and Mechanics' bank, at Charleston, Farmers' and Exchange bank, Charles. ton. People's bank, Charleston, South-western Railroad bank, Charleston.

Article Text

List of Suspended Banks

IN GEORGIA. Georgia Railroad and Banking Company, at Augusta. Union Bank, at Augusta. Manufacturers' Bank, at Macon. All the Banks in Savannah. SUSPENDED BANKS IN SOUTH CAROLINA. Bank of the State of South Carolina, at Charleston, with branches at Columbia and Camden. Bank of South Carolina, at Charles. ton. Bank of Hamburg, at Hamburg Planters' and Mechanics' Bank, at Charleston. Farmers' and Exchange Bank, at Charleston. People's Bank, at Charleston. South-western Railroad Bank, at Charleston. This bank, We believe, has an agency at Tallabassee, Florida. A CANDID ACKNOWLEDGMENT OF AN UNDOUBTED TRUTH-At a meeting of the proprietors and managers of the Western Railroads, held a few days ago in Columbus, Ohio, a debate arose concerning the affairs of the roads, when one of the members remarked "that the milroads of the country never could repay, if they were disposed, the debt due to the newspaper press for its powerful aid when the idea of a. railway had to be explained and popularized-the public benefitsshown, and the people induced to come forward and associate for the purpose of accemplishing the great works that now need no advocate." The same gentleman, in concluding a speech on the subject, said, "he could not forget the amount of unpaid labor performed in the infancy of railway building by the only men who could reach the popular ear and the popular heart in the most effective manner." We believe, (with the Alexandria Gazette,) that in regard to many of the railroads of the country, they owe their inception, progress, and completion, mainly to the exertions of the newspaper.

Article Text

BANKS IN SOUTH CAROLINA

We copy the following from the Columbia South Carolinian, of the 30th instant: COMPTROLLER GENERAL'S OFFICE, } Columbia, Oct. 28th, 1857. Messrs Editors: Allow me the use of your columns to answer the numerous inquiries made of me as to the banks in this State that have suspended specie payments, and those that still continue to pay coin for their bills, viz: Suspended Banks.-Bank of the State of South Carolina, Branch Bank of the State at Columbia. Branch Bank of the State at Camden, SouthWestern Railroad Bank, Planters' and Mechanics' Bank, Bank of South Carolina, Bank of Hamburg, Bank of Newberry, Exchange Bank of Columbia, People's Bank of Charleston. Banks Paying Specie.-Union Bank of Charleston, State Bank of South Carolina, Bank of Charleston, Commercial Bank of Columbia, Planters Bank of Fairfield, Merchants' Bank of Cheraw, Bank of Chester, Bank of Camden, Bank of Georgetown. Eleven of our banks have suspended. Nine of them still continue to redeem their notes in specie. Many mis-statements have been made. The above is reliable as reported to this office. Other papers will perhaps do the public a service by giving this communication an insertion in their columns. As tothe solvency of our Banks, there is not one of them but have assets abundantly sufficient to meet their liabilities. Very respectfully, your obedient servant, J. D. ASHMORE, Comptroller General.,

Article Text

COMPEROLLER GENERAL'S OFFICE, I Columbia Oct. 18, 1857. 5 Messrs. Editors:-Allow 1:1- the use of your columns to answer the numerous inquiries made of me as to the banks in this State that have suspended specie payments. and those that still continue to pay coin for their bills, viz: SUSPENDED Baxs.-Bank of the State of Soath Carolina, Branch Bank of the State at Columbia, Branch Bank of the State at Canden, South-western Railroad Bank, Planters and Mr. chanies' Bank. Bank of South Carolina, Farmers' and Exchange Bank of Charleston, Bank of Ham burg, Bank of Newberry, Exchange Bank of Columbia, People's Bank of Charleston. BANKS PAYING SPECIE-Union Bank of Charleston, State Bank of South Carolina, Bank of Charleston, Commercial Bank of Columbia, Planters' Bank of Fairfield, Merchants' Bank of Cheraw, Bank of Chester, Bank of Camden, Bank of Georgetown. Eleven of our banks have suspended. Nine of them still continue to redeem their notes in specie. Many mis-statements have been made.The above is reliable as reported to this office.Other papers will perhaps do the public a service by giving this communication an insertion in their papers. As to the solveney of our banks, there is not one of them but have assets abundantly sufficient to meet their liabilities. Very respectfully, Your obt seri, J. D. ASHMORE, Compt'r Gen'l. Carolinian

Article Text

The Banks

Col. J. D. ASHMORE, the Comptroller General, gives, in his official capacity, the condition of the banks of this State, as follows: SUSPENDED BANKS.-Bank of the State of South Carolina, Branch Bank of the State at Columbia, Branch Bank of the State at Camden, South Western Railroad Bank, Planters and Mechanics' Bank, Bank of South Carolina, Farmers' and Exchange Bank of Charleston, Bank of Hamburg, Bank of Newberry, Exchange Bank of Columbia, People's Bank of Charleston, Planters' Bank of Fairfield. BANKS PAYING SPECIE.-Union Bank of Charleston, Strte Bank of South Carolina, Bank of Charleston, Commercial Bank of Columbia, Merchants' Bank of Cheraw, Bank of town. Chester, Bank of Camdon, Bank of GeorgeThe bills of the suspended banks are as current as those of the others, and are just as good.

Article Text

NO. 5. List of Suspended Banks. IN GEORGIA. Georgia Railroad and Banking Company, at Augusta. Union Bank, at Augusta. Manufacturers' Bank, at Macon. All the Banks in Savannah. SUSPENDED BANKS IN SOUTH CAROLINA. Bank of the State of South Carolina, at Charleston, with branches at Columbia and Camden. Bank of South Carolina, at Charleston. Bank of Hamburg, at Hamburg. Planters' and Mechanics' Bank, at Charleston. Farmers' and Exchange Bank, at Charleston. People's Bank, at Charleston. South-western Railroad Bank, at Charleston. This bank, we believe, has an agency at Tallahassee, Florida.

Article Text

South Carolina Banks

SUSPENDED BANKS.-Bank of the State of South Carolina, Branch Bank of the State at Columbia, Branch Bank of the State at Camden, Southwestern Railroad Bank, Planters and Mechanic's Bank, Bank of South Carolina, Farmer's and Exchange Bank of Charleston, Bank of Hamburg, Bank of Newberry, Exchange Bank of Columbia, People's Bank of Charleston. BANKS PAYING SPECIE.-Union Bank of Charleston, State Bank of South Carolina, Bank of Charleston, Commercial Bank of Columbia, Planter's Bank of Fairfield, Merchant's Bank of Cheraw, Bank of Chester, Bank of Camden, Bank ofGeorgetown

Article Text

RESUMPTION OF THE SOUTH CAROLINA BANKS

"The suspended Banks of this city," says the Charleston Evening News of the 8th inst., "quietly resumed specie payment this morning. "The notos of the suspended country Banks are now and will be redeemed by their correspondent Banks here, which makes the resumption general throughout the State. "This wise anticipatory movement was at the instance of the Bank of the State of South Carolina, the private Banks promptly concurring. "No pressure or run is anticipated. The quantity of specie in the vaults of our Banks never was S0 great, and more is daily expected. The circulation of Bank notes never was in proportion inore limited, and being wanted for currency will not return. In a few days, from present appearances, coin and exchange will be at a drug in our market." The Bank of Hamburg resumed specie payment on the same day. It has, we understand, been prepared to resume for some time, but was awaiting the action of the other suspended Banks.

Article Text

Bank Resumption

We learn from the Charleston Evening News that the banks of that city quietly resumed specie payment on Tuesday 4th inst. The Bank of Hamburg has also resumed. The News says: "The notes of the suspended country banks are now and will be redeemed by their correspondent banks here, which makes the resumption general throughout the State. This wise and anticipatory movement was at the instance of the Bank of the State of South Carolina, the private banks prompts ly concurring. No presaure or run is anticipated. The quantity of specie in the vaults of our banks never was 80 great, and more is daily expeeted. The circulation of bank notes never was in proportion more limited, and be. ing wanted for eurrency will not return.-In a few days, from present appearances, coin and exchange will be at a drug in our market."

Article Text

Bank Resumption

We learn from the Charleston Evening News that the banks of that city quietly resumed specie payment on Tuesday 4th inst. The Bank of Hamburg has also resumed. The News says: "The notes of the suspended country banks are now and will be redeemed by their correspondent banks here, which makes the resumption general throughout the State. This wise and anticipatory mov ement was at the instance of the Bank of the State of South Carolina, the private banks prompts ly concurring. No presaure or run is anticipated. The quantity of specie in the vaults of our banks never was so great, and more is daily expected. The circulation of bank notes never was in proportion more limited, and be. ing wanted for eurrency will not return.-In a few days, from present appearances, coin and exchange will be at a drug in our market."