Indian Reserve Bank (Kokomo, IN)

Episode Information

Episode UID
4063310590661
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
406331059 hash
Start Date
January 15, 1855
Location
Kokomo, Indiana (40.486, -86.134)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
01c7c1b374b47964

Response Measures

None

Description

The bank was previously suspended but was readmitted to the Free Bank Association upon promising to resume specie payments.

Events (2)
1. January 15, 1855 Reopening
Newspaper Excerpt
from this day forward, they will pay, at their counters, for their issues, the notes of specie paying banks, and, at an early day, resume and continue specie payments
Source
newspapers
2. January 15, 1855 Suspension
Cause Details
The bank was listed as a suspended bank prior to January 15, 1855, likely due to the general Indiana banking crisis of 1854-55.
Newspaper Excerpt
directed our Agents not to receive or cancel any of the notes of either of them as suspended banks
Source
newspapers

Newspaper Articles (2)
1. February 8, 1855 Plymouth Banner Plymouth, IN
Article from Plymouth Banner, February 8, 1855

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Article Text

A Card-Indiana Free Bank Association. A meeting of the executive Committee of the Free Bankers' association was Leld today; present. Harris, Howe and DePauw. The report and application of the Bank of North America at Clinton, was received and laid over until Thursday evening. The Bank of Huntington County, at Huntington having made applicationand complying with the rules of the association, is admitted and placed in the list of specie paying banks. The Bank of Tippecanoe at Winnemac. and Indian Reserve Bank at Kokomo, having by Judge Wright, applied for admission. they being home banks, owned by responsible parties, and the committee being assured that, from this day forward, they will pay, at their counters. for their issues, the notes of specie paying banks. and at an early day re sume and continue specie payments, We have directed our Agents not to receive or cancel any of the notes of either o! them as snspended banks. W. C. DEPAUW, J. B. HOWE, Ex Com. T. G. HARRIS,

2. February 10, 1855 Weekly Indiana State Sentinel Indianapolis, IN
Article from Weekly Indiana State Sentinel, February 10, 1855

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Article Text

COMMERCIAL. A CARD. Indiana Free Bank Association. Indianapolis, IND., Jan. 15. A meeting of the Executive Committee of the Free Bankers' Associa ion was held to-day ; present, Harris, How and DePauw. the report and application of the Bank of North America at Clinton, was received and laid over until Thursday evening The Bank of Huntington County, at Huntington, having made application and complying with the rules of the Association, is admitted and placed in the list of specie paying banks. The Bank of Tippecanoe, at Winnemac, and Indian Reserve Bank, at Kokomo, having, by Judge Wright, applied for admission, they being home banks, owned b, solvent and responsible parties, and the committee being assured that, from this day forward, they will pay, at their counters, for their issues, the notes of specie paying banks, and, at an early day, resume and continue specie payments, we have directed our Agents not to receive or cancel any of the notes of either of them as suspended banks. W. C. DEPAUW, Ex. Com. J. B. HOWE, T. G. HARRIS,