4553. Marine Bank (Chicago, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 13, 1857
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
212bb12e

Response Measures

None

Description

Newspapers (Oct 15, 1857) list 'Marine, Chicago' among banks reported suspended on Oct 13, 1857 during the widespread Panic of 1857. No article describes a discrete run on this specific bank or any reopening; therefore classified as a suspension leading to closure (no evidence of reopening). Bank type not indicated by name.

Events (1)

1. October 13, 1857 Suspension
Cause
Macro News
Cause Details
Listed among many banks suspended amid a general run and intense excitement on Wall Street during the Panic of 1857; suspension appears driven by the widespread financial panic rather than a bank-specific failure.
Newspaper Excerpt
The following banks are reported suspended on the 13th : Marine, Ocean, Merchants' Exchange...
Source
newspapers

Newspaper Articles (2)

Article from The Davenport Daily Gazette, October 2, 1857

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Article Text

For to-day's advertisements always see this page next to reading matter. For the new advertisements of yesterday refer to in side page next to reading matter in If any one thinks we have not got a good vegetable market here, he had better drop in at one of our market houses at an early hour in the morning. At both market houses there are offered for sale enormous quantities of vegetables, and at low prices. We trust our candidates for Represen tative, or one of our candidates Mr. Thomp son, will remember hereafter that the Demo crat is opposed to Banks, and opposed to the establishment of any Banking system in Iowa. In this, it backs up Mr. Samuels' well known private opinions. It is opposed to the new Constitution for a Banking reason among oth ers-and it is therefore opposed to leaving the Banking question with the people as the Con stitution really submits it. In this, the Dem ocrat differs from the News, its Democratic cotemporary here and we think it differs with the majority of the Democracy in this county. On the inside will be found a burlesque on the Democratic candidate for Lieut. Gov. ernor's manner of addressing his fellow-citi zens. are not in favor of such take offs" as a general thing, but there is so much hu mor and so much tru in this, that we cannot resist the temptation of giving it to our readers. A man's ignorance is no # subject of ridicule, but when a notoriously ignorant man presumes to be a candidate for an office of the importance of that to which Mr. Gillaspy as pires, and an office pre-eminently requiring a man of education to properly perform its duties-he is a proper subject of ridicule. By the following from the Chicago Press, it appears that at least one of the "shavers" there is determined to do the right thing. It is a good example. If a "run" is made on any bank in a city, the other banks she imitate the example given below NOBLY Doxe!-We heard yesterday after. noon that a nervous citizen who had just drawn his "pile" out of Swift's Bank offered to deposit in the Marine. The Cashier, B. F. Carver, Eng., peremptorily refused to take it, and we were told by another leading banker, that no honorable banker would touch deposits drawn from another bank under similar circumstances. That's the talk. THE PREMIUM LIST.-In consequence of the demand for yesterday's paper, containing the list of premiums awarded at the Scott County Fair, we re-publish it this morning on the third page. A few slight corrections will be found in it. REMOVAL.-Mr. J. C. Washburn has just moved his large hardware establishment from the old stand, to his new building forming part of what is known as Nickoll's block. Mr. W.'s building is the furthest one West in the new block, four stories high, and well finished off. He has a large stock with new arrivals of goods from Europe and the East. Those wanting anything in his line should call at Washburn's new store. ILLUSTRATED ANNUAL REGISTER OF RURAL AFFAIRS FOR 1858.-We have received a copy of this excellent Register from Messrs. H. A. Porter & Bro., the Rock Island publishers. It contains an almanac, with a complete epitome of rural affairs, from the building of proper country houses to the making of gardens, care and selection of stock, &c., &c. It is an invaluable work to farmers, gardeners, &c., and very cheap. It can be obtained at Porter & Bro's Book Store, Rock Island. Bio VEGETABLES.-Mr. Tilden had a fine exhibition of big vegetables at his stand in the Le Claire market yesterday morning Some of them were marked features at the Fair. and Mr. Tilden was determined they should be the centre of attraction at the Le Claire market. There were matamoth pumpkins, great beets, prodigious squashes, some of the largest onions we ever saw, carrots &c., &e, to say nothing of fine specimens of fruit. Mr. Tilden exhibits a great deal of energy in keeping his vegetable stands well supplied, and we are glad to see he is well pat. ronized. FINEJEWELRY, WATCHES, unpretending advertisement of Mr. A. e. Billon, under the head of new advertisements" in to-day's paper, announces a fact. that he is in receipt of as choice a lot of watches, jewelry silverware and fancy goods, which for exquisite finish, beauty of styles and fineness of quality, cannot be surpased in this city. We have examined his stock and find it to be all that he has recommended it and would say to our readers in want of anything of the kind, or in his line, to call at No. 8 Le Claire row and supply themselves with good articles at lew rates. DIMOCRATIC Democratic mass meeting of all opposed to negro equality, was called at the Court House for Wednesday ovening. It appears from the result that there are only about twenty Democrate in the place opposed to negro equality Democratic principleshave so FROM down at the heel (at the nigger heel), that only about twenty persons could be drammed up to attend this meeting. It was a complete and most unhappy fixale. The speakers and the spooches were precisely adapted to the meeting itself-and that's all that need be said. This will probably serve as a leason to our Democratic friends. The next time they call a Demociatic mas meeting, probably they will leave off the hambu gety of negro oquality. quite to green as this Devenport Democracy appears to suppose them.


Article from The Daily Gate City, October 15, 1857

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Article Text

News. The following banks are reported suspended on the 13th : Marine, Ocean, Merchants' Exchange, N. Y. Exchange, North River, Irving, Citizens', Chatham, Bulls Head, St. Nicholas, and Market. There is a general run on the Wall Street banks, and intense axcitement prevails in the street. Policemen are stationed at many of the banks to preserve order. Banks.-We add to our list of suspended Banks: Pratt Bank, Buffalo, Pine Plains. The Bank of Worthington, N. Y., and Marine, Chicago, are againreceived. Samuel Hueston, of New York, the publisher of the Knickerbocker Magazine, died Tuesday of last week.