Miami Valley Bank (Dayton, OH)

Episode Information

Episode Type
Suspension β†’ Reopening
Start Date
November 9, 1854
Location
Dayton, Ohio (39.759, -84.192)
Bank Type
state

Metadata

Episode ID
Bank ID
City ID
391064514
Model
gpt-5-mini
Short Digest

Notes

Articles state notes were secured by U.S. and Ohio stocks and that the owner Beckel later resumed payments.

Events (2)
1. November 9, 1854 Suspension
Cause
Local Banks
Cause Details
Regional banking panic and failures (Circleville and Cincinnati banking troubles) prompted suspension; owner Beckel compelled action.
Newspaper Excerpt
The Miami Valley Bank of Dayton, of which Mr. Beckel, before announced failed, is also report to have suspended.
Source
newspapers
2. November 15, 1854 Reopening
Newspaper Excerpt
Mr. Beckel, of Dayton, has resumed, and the notes of the Miami Valley Bank are now promptly redeemed.
Source
newspapers

Newspaper Articles (13)
1. November 9, 1854 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, November 9, 1854

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The propellers of the Parker Vein Co. were sold at auction to-day by the receiver, at the following prices: 448 17 95 tuns $9,000 Piedmont 452 10 tuns 12,500 Mount Savage 460 50 95 tuns 12,500 Parker Vein 13 500 462 90. tuns Thomas Swana 462 90-95 tune 14,000 Locust Point 448 6-95 tuus 14,000 George's Creek 17,500 454 60 95 tuns Jakson 13,000 453 60 tuns Westernport 459 19-95 tuns 13,000 Caledonia $119,000 Total The sale of the Totten was postponed to Friday. The propeliers cost from $30,000 to $95,000 each. They were all bought by Mr. A. C. Hall, the Baltimore agent of the line, supposed for a new Company. The Exchanges at the Clearing-House were $17,594,000. The receipts at the Sub-Treasury were $100,589; paid, $184,805; balance, $7,060,320 The street was a good deal excited by rumors of a fresh money panic in Cincinnati to-day, and a general run on the banking-houses there. The suspension of Messrs. Ellis & Sturgis was early announced, followed by that of Sturgis & Ellis of this City. Messrs. Smead & Co.'s Bank also closed, and late in the afternoon a telegraphic dispatch announced that T.S. Goodman & Co., and Morton & Co., had also closed. Our previous advices led us to hope that the two latter houses would be able to sustain the run, and we still think that their closing was a temporary one, as a prudential measure. All the above concerns, although not corporations, have been acting as Banks, with the exception of issuing notes. There is no Bank in Cincinnati, excepting the Ohio Life and Trust Co., and these concerns have been receiving large amounts of deposits, allowing interest on them, and keeping up a large line of discounts for their dealers. A panic of course induces an immediate demand for deposits, and in this instance to an extent which could not be met, The immediate occasion of the run of to-day is said to be the failure of the Circleville Bauk, one of the oldest banks in Ohio; but more probably the dealers of Cincinnati havenot entirely recovered confidence in their bankers since the explosion of Messrs. Outcalt & Co., Mancdester, &c., &c, some weeks since. Messrs. Eltis & Morton, and Messrs. Ellis & Sturgis, succeeding them, have filled & very important position in the financial world of Cincinnati, and have done an immense business, having had, on some occasions, two-and-a-half millions of deposits, and two millions of discount paper. It is understood that the profits of Mesers. E. & S., for the year ending 30th June, were $600,000. This concern has previously gone through several severe runs, paying every dollar demanced, promptly. Their liabilities are supposed to be $1,000,000 to $1,100,000, including about $100,000 of exchangerunning on the New-York house, and their assets are set down at $1,400,000. A party well informed in regard to the matter, speaks of their assets as first-class, and is confident that the house will pay everything. We regret to learn that the senior member of the firm, Mr. Ellis, who has been an invalid for some time, was unable to sustain the excitement of mind which his failure induced, and died about noon. Messre. Goodman & Co., and Morton & Co., have been considered very strong, and have occupied a highly respectable position, and their suspension, if true, cannot probably be disastrous. The Treasurer of Ohlo has not yet provided the funds to take up the protested draft on the State Agent, Mr. Egerton, for $30,000. Such trifling with State credit deserves the severest reprehension. About $400,000 has been subscribed to the capital of the new Merchant Bank at Cincinnati. The capital is fixed at $500,000. The Bank of Circleville, Ohio, which is announced as suspended, was one of the few old charters remain. ing in that State. It is supposed to have been wrecked in the maelstrom of Indiana banking, in whic's its principal owners were engaged. The Miami Valley Bank of Dayton, of which Mr. Beckel, before announced failed, was owner, is also report to have suspended.Β»

2. November 12, 1854 The New York Herald New York, NY
Article from The New York Herald, November 12, 1854

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Dec. .1,859,863 Dec 2,489,965 Inc.4,318,778 Inc. 15,988 By reducing the wheat to flour, the quantity of the latter left at tide water this year, compared with the corresponding period of last year, shows a decrease of 2,134,804 bbls. of flour. The circular of N. J. O. Davis, of Cincinnati, gives the following review of the money market of that city for the week ending Wednesday evening, Nov. 8, 1854:The past week has been one of varied and intense interest in monetary cireles. The failure of some banks to redeem in coin all the presentations of their issues has given rise to many vague and uncertain rumors-confidence is undermined, and there is nothing but confusion in the general appearance of our currency. From the varied rumors we select some that have the most appearance of reliability. Some of the banks of Ohio and Kentucky had a short time ago enlarged their circulation. This, in some circles, created distrust, and a consequent run on these institutions. The Bank of Circleville has been compelled into a temporary suspension, although the cashier, H. K. Lawrence, Esq., states that there are ample means to redeem every dollar. The notes of the Clinton Bank, Columbus, are thrown out by some of the brokers. Parties connected with this bank state that it is all right. The notes of the Commercial Bank, Kentucky, are doubted by some and those of the Miami Valley Bank, of Dayton are thrown out. Much of this is undoubtedly the effect of panic, but its influence is all the same on the business community. This morning, in consequence of the serious illness of Mr. Ellis, of the firm of Ellis & Sturges, it was deemed advisable to close their banking house. A previous report of the death of Mr. Ellis had created a panic among the depositors, great numbers of whom have thronged the street during the whole day. Following the close of this house, the Citizens' Bank, owing to its intimate connection with this firm, closed temporarily. Subsequent to this, a run was commenced on T.S. Goodman & Co., and under the intense excitement of the day, they deemed it prudent to suspend operations till public opinion had time to become settled. There can be but little doubt but that the assets of each of the above houses will be amply sufficient to secure depositors. S. W. Torrey & Co. are withdrawing from bnsiness, and have left with another house the means to pay their depositors, finding banking at this present Chae too profitless and perplexing. The discount business of our banking institutions, owing to the unsettled state of everything connected with money or confidence, is reduced to almost nothing; honce, we quote very few regular transactions. Outside rates range from 1 to 3 per cent, with no. disposition on the part of lenders to touch anything but first class paper. Since our last issue, the November payments have become due, and it is a gratifying proof of the general preparation made by our merchants, that with few discounts there have been few failures, and these confined to small dealers. Sales for the week-32 shares Columbus and Xenia railroad stock, 93c.; 72 do. Ohio and Mississippi railroad stock, 47 36 do. Covington and Lexington railroad stock, hypothecated, 47; 55 do. Little Mami railroad stock, 97%; 24 do. Eaton and Hamilton railroad stock, 33%; 33 do. Cincinnati, Hamilton and Dayton railroad stock, 78; 38 do. New Albany and Salem railroad stock, 33%; 64 do Cincinnati and Chicago railroad stock, hypothecated, 14; 25 do. Marietta and Cincinnati railroad stock, 33; 20 do. Cincinnati and Indianapolis railroad stock, hypothecated, 44: 85 do. Cincinnati, Wilmingt m and Zanesville railroad stock, hypothecated, 40; 38 do. Indiana Central raiiroad stock, hypothecated, 54; 75 do. Ohio and Mississippi raΓ―lroad stock, 47Β½; 90 do. Little Miami railroad stock, sold East, 97%; 85 do. Cincienati, Cleveland and Columbus railroad stock, sold East, 100%; 75 do. Cincinnati, Hamilton and Dayton railroad stock, sold East, 80Β½; 200 do. Indianapolis and Cincinnati railroad stock, sold East, 45; 30 do. Little Miami railroad stock, sold East, 98; 30 do. Cincincinnati, Hamilton and Dayton railroad stock, sold East, 81; $10,000 Marietta and Cincinnati bonds, sold East, 91.

3. November 12, 1854 The New York Herald New York, NY
Article from The New York Herald, November 12, 1854

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Dec.1,859,863 Dec 2,489,965 Inc.4,318,778 Inc. 15,988 By reducing the wheat to flour, the quantity of the latter left at tide water this year, compared with the corresponding period of last year, shows a decrease of 2,134,804 bbls. of flour. The circular of N. J. O. Davis, of Cincinnati, gives the following review of the money market of that city for the week ending Wednesday evening, Nov. 8, 1854:The past week has been one of varied and intense in. terest in monetary circles. The failure of some banks to redeem in coin all the presentations of their issues has given rise to many vague and uncertain rumors-confidence is undermined, and there is nothing but confusion in the general appearance of our currency. From the varied rumors we select some that have the most appearance of reliability. Some of the banks of Ohio and Kentucky had a short time ago enlarged their circulation. This, in some circles, created distrust, and a consequent run on these institutions. The Bank of Circleville has been compelled into a temporary suspension, although the cashier, H. K. Lawrence, Esq., states that there are ample means to redeem every dollar. The notes of the Clinton Bank, Columbus, are thrown out by some of the brokers. Parties connected with this bank state that it is all right. The notes of the Commercial Bank, Kentucky, are doubted by some. and those of the Miami Valley Bank, of Dayton are thrown out. Much of this is undoubtedly the effect of panic, but its influence is all the same on the business community. This morning, in consequence of the serious illness of Mr. Ellis, of the firm of Ellis & Sturges, it was deemed advisable to close their banking house. A previous report of the death of Mr. Ellis had created a panic among the depositors, great numbers of whom have thronged the street during the whole day. Following the close of this house, the Citizens' Bank, owing to its intimate connection with this firm, closed temporarily. Subsequent to this, a run was commenced on T. S. Goodman & Co., and under the intense excitement of the day, they deemed it prudent to suspend operations till public opinion had time to become settled. There can be but little doubt but that the assets of each of the above houses will be amply sufficient to secure depositors. S. W. Torrey & Co. are withdrawing from bnsiness, and have left with another house the means to pay their depositors, finding banking at this present time too profitless and perplexing. The discount business of our banking institutions, owing to the unsettled state of everything connected with money or confidence, is reduced to almost nothing; hence, we quote very few regular transactions. Outside rates range from 1 to 3 per cent, with no. disposition on the part of lenders to touch anything but first class paper. Since our last issue, the November payments have become due, and it is a gratifying proof of the general preparation made by our merchants, that with few discounts there have been few failures, and these confined to small dealers. Sales for the week-32 shares Columbus and Xenia railroad stock, 93c.; 72 do. Ohio and Mississippi railroad stock, 47 36 do. Covington and Lexington railroad stock, hypothecated, 47; 55 do. Little Miami railroad stock, 97%; 24 do. Eaton and Hamilton railroad stock, 33Β½; 33 do. Cincinnati, Hamilton and Dayton railroad stock, 78; 38 do. New Albany and Salem railroad stock, 33%; 64 do Cincinnati and Chicago railroad stock, hypothecated, 14; 25 do. Marietta and Cincinnati railroad stock, 33; 30 do. Cincinnati and Indianapolis railroad stock, hypothecated, 44: 85 do. Cincinnati, Wilmingt >17 and Zanesville railroad stock, hypothecated, 40; 38 do. Indiana Central raiiroad stock, hypothecated, 54; 75 do. Ohio and Mississippi railroad stock, 4736; 90 do. Little Miami railroad stock, sold East, 97%; 85 do. Cincionati, Cleveland and Columbus railroad stock, soil East, 100%; 75 do. Cincinnati, Hamilton and Dayton railread stock, sold East, 80Β½; 200 do. Indianapolis and Cincinnati railroad stock, sold East, 45; 30 do. Little Miami railroad stock, sold East, 98; 30 do. Cincincinnati, Hamilton and Dayton railroad stock, sold East, 81; $10,000 Marietta and Cincinnati bonds, sold East, 91.

4. November 15, 1854 The Cadiz Democratic Sentinel Cadiz, OH
Article from The Cadiz Democratic Sentinel, November 15, 1854

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From the Cleveland Plain Dealer. THERE SHE GOES AGAIN! More Banks Bursting !! WHEW! HOW THE FLINDERS FLY!!! The old Bank of Circleville, that old mother of harlots, is held in such suspicion here that the City Bank refuses her bills, even on a doubtful debt. A telegraph dispatch arrived about 2 o'clock P. M. on Saturday saying to the money mongers, "stand from under." What her securities are we do not know, as she belongs to the old category of regenerated rag mills, of which the defunct Banks of Massillon and Wooster were a complices. The Miami Valley Bank of Dayton, BecKEL owner, has suspended for 30 days, perhaps a eypher or two (00) longer. So say letters received fro n Dayton to-day. The bills are secured by State Stocks, which if converted at pur will make them worth nearby their face. So welgo. LATEST FR IM INDIANA. A friend has just returned from Indianap. olis, where he went to reulize on Indiana Free Bank paper. He went to the Auditor's Office, where bills which have b. en refused payment at the Banks are presented for pro. test, preparatory to going through the mill for final adjustment and saw in one huge pile uough to fill cram full a double lum. ber wagon box, mostly returned from Ohio alone. Said bills are from ten to twenty per cent discount, payable in Ohio funds.Bankers and brokers take it on deposite "to be returned in kind Suffice it to say, the whole batch of Free Banks have gone to "immortal smash." So far as the Stocks are pledged, which are all f kinds, some 21 per cent, some 5 per cent. some Virgmia and some Indiana, Ohio and Louisiana, and by a forced market will sell, S 80 far said bills will in time be redeemed.Bill holders who can hold their breath longe est will fare the best. e We shall endeavor to keep our readers early and fully advised of these bank blow. ups. We have several more on our list n which are fluttering in the wind. As the e Almanacs sav, "look out for a scorm about these days." P. S.--Later from the "Paper Ree gion"---No News from the Gold d Region." The Auditor of State, of Indiana, has is1 sued the following CIRCULAR.

5. November 15, 1854 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, November 15, 1854

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There was quite an active Stock market this morning, and prices were well sustained, until the advices of new disasters at the West were public, when there was more heaviness. At the Second Board, prices were lower, with rather an urgent disposition to sell. There was, in the morning, a prevalent feeling that brighter times were shead, but this wore off during the day, as the failures at the West were announced, and the upward tendency of the market was thoreughly checked. Erie closed at @38f, which were yesterday's prices. Reading, 70, a decline of P cent. Harlem, 27% a decline of 1 P cent. Central was steady. Hudson River, 37. Nicaragua declined 1, notwithstanding the short passage of the Northern Light. Cumberland fell off 1 P cent. Canton was rather better. The Western Railroads, with moderate demand, were heavy. Gold Hill has fallen, within a few days, from $2 to $1 121. In Railroad Bonds, the sales were $100,000, including Incomes, 90; Convertbles, 1871, 701; Hudson First Mortgage, 101; IDInois Central. $87,000 at 67@674; New-York Central, 841. In Bank Stocks there was but done, and the market is heavy. A sale of Indiana 58 was made at 801. Virginia 6s, 93; Missouri 68, 87. In Exchanges there was but little doing, and rates are heavy. Sterling 9@91.; Francs, 5.15@5.12}. The supply is moderate, and the stringency of money checks remittances. The receipts at the Sub-Treasury are $94,380; paid, $336,898; balance, $6,437,901. A small sale of Knickerbocker Bank Stock was made to-day at 25 at auction. The telegraph brings in advices of more financial disasters at the West. The trouble in Cincinnati is not over, and we have news of the suspension of Messrs. George, Milne & Co., a very respectable but not very extensive house. It is supposed they will pay eventually everything. Mr. Hiram Johnson, of Buffalo, owner of the Farmers' Joint Stock and other Banks, has also suspended. The run on Messrs. Selden, Withers & Co., of Washington, continued today, and it is feared that they must succumb. A dispateh from Washington says: The run on the Trans Alleghany, the Arlington, the Old Dominion, and the Kanawha Banks, and also the Exchange Bank of Selden, Withers & Co., still continues, and each Bank is redeeming their notes with those of the others." The Philadelphia Ledger says that some of Selden, Withers & Co.'s paper is in that city under protest, and hear of their certificates of deposits returned here unpaid. We sincerely trust they will be enabled to go through. At Chicago, the City Bank and the Merchants' and Mechanics' Bank (free Banks) are announced as suspended. The circulation of these Banks is secured by six per cent. stocks. The bills of the Napierville Bank and the Bank of Elgin are discredited at Chicago. The epidemic which has apparently spent itself in Indiana has now attacked Illinois. The free Banks of Illinois are however, of a much better class, as a whole, than those of Indiana; and the securities are better. Six per cent. State Stocks only were taken as a basis for circulation, with Illinois Stocks, at 20 per cent we think, below the average market price in New-York for six months previous. In regard to the Woodbury (Conn.) Bank, the Cashier publishes the following card: WOODBURY BANK. (Conn ,) Monday, Nov. 13, 1854. The Suffolk Bank having refused to redeem for the Woodbury Bank, the public are advised not to make any sacrifice on the bills. as they are redeemed at the connter. JOHN ABERNETHY, Cashier. A note from the Auditor of Indiana says: OFFICE OF AUDITOR OF STATE, INDANAPOLIS, Nov. 11, 1854. We are surrendering the Bonds of many of our Banks for their circulation. When the stocks are of different kinds we make the election as to which we JOHN P. DUNN, Auditor. deliver. Yours, The Cincinnati Gazette says: The assets of the City Bank of Columbus have been put into the hands of R W McCoy, Wm. S. Salliver and D W. Desbler, of that city. The Urbana and Champaigne County Insurance Company, at Urbana, closed on Friday. Gold is selling here at 5 P cent. premium. The notes of the Bank of Kanawha sold to-day at 25 $ cent. discount. Bank of Circleville at 50, Kentucky Trust Company at 70, and Newport Safety Fund at 80. There are few sellers of Circleville, however. There is a good deal of confidence in the Bank. The notes of the Clinton Bank of Columbus were again refused to-day. Indiana Stock notes are selling at 25 to 30e discount, but a list of 20 of them will be better in & few days. A private banker at Xenia failed yesterday. Mr. Beckel, of Dayton, has resumed, and the notes of the Miami Valley Bank are now promptly redeemed. J. O. Shoup, of Dayton, has made an assignment of all his assets. The public are advised by the following letter of the security of Ohie State Stock Bank notes: TREASURY OFFICE, Columbus, O., Nov. 11, 1854. W. W. CONES, Esq.-Sir: In answer to your inquiry, I reply that the notes of the Miami Valley B ank, Canal Bank of Cleveland, Savings Bank of Cincinnati, City Bank of Columbus, and all other Ohio Stock Banks will be received for taxes, and all other public dues, at this office, as heretofore. These notes are abundantly secured by the pledge of Ohio and United States Stocks in the ffices of the Auditor and Treasurer of State which stocks are still commanding a premium in New York No bill holder need necessarily lose anything by Ohio Stock paper. Very respectfully yours &c. G. BRESLIN, Treasurer of State. Mr. Flourney, President of the Commercial Bank of Kentucky, says, in a card to The Gazette The rumors prejudicial to the Bank are false, and without foundation. Being absent from Paducah, and not having access to the books of the parent Bank, I can only give a general statement of its affairs. So far, the Bank has been doing a safe business, according to legitimate banking rules. As far as known, no bad debt has been contracted since the institution commenced business, nor any loss 8014tained otherwise. We have a surplus fund of about 10 V cent. on the capital stock paid io, besides the profits of our business since the 1st of July last. We have bills OD New-Orleans, New York, and St. Louis, maturing within the next one hundred and twenty days-mostly within sixty and ninety days-more than sufficient to redeem our entire circulation. The Bank is curtailing her business, and her circulation being diminished. L W. FLOURNOY, Pres't Messrs. 1 S. Goodman & Co. make & very satisfactory exhibit. The assets are said to show an excess of $300,000, after making ample allowance for bad debts, &c. The Northern Light from San Jean, in addition to the gold on the freight list-about $560,000-brings

6. November 17, 1854 The Belmont Chronicle, and Farmers, Mechanics and Manufacturers Advocate Saint Clairsville, OH
Article from The Belmont Chronicle, and Farmers, Mechanics and Manufacturers Advocate, November 17, 1854

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BANK SUSPENSIONS.-The Miami Valley Bank of Dayton, owned by Mr. Beckel, has suspended. Mr. B. was also owner of the Wayne County Bank of Indiana, which has probably suspended also,as he has been compe lled to make an assignment. The Miami Valley notes are secured by U. S. Stocks, and by State Stocks, and they are perfectly good for their face. The Banking houses of Messrs. Ellis & Sturgess, Smead, Collard & Hughes, known as the Citizen's Bank," and Hatch & Langdon of Cincinnati, have failed. The O. S. Journal says that there was a rumor in Columbus that the Canal Bank of Cleveland had failed, but that later advices neither confirmed nor denied the rumor.

7. November 17, 1854 Fremont Journal Fremont, OH
Article from Fremont Journal, November 17, 1854

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Banks. There is great commotion in money matters, and what the end is to be, no man can with certainty tell. Thus far, all Ohio paper, except Circleville, is passing at par. Those who are best informed, think Circleville notes will yet be redeemed at their face, and bill holders are advised not to suffer a heavy shave. The City Banks of Columbus, Miami Valley Bank of Dayton, and Canal Bank of Cleveland, have all suspended; their notes however, continue to pass at par, as they are secured dollar for dollar, by Ohio and U.S. Stocks. Some have feared a suspension of the State Bank, we do not believe this will take place. The State Bank is believed to be strong, its circulation not large, and it will be strongly for the interest of each and all the branches to sustain each other. Indiana Free Banks get into worse and worse repute. The Auditor tells the public that he will not sell the Stocks to redeem the notes till he gets ready. We advise every body to keep clear of Indiana Free Bank Notes. The old State Bank of Indiana is considered good. Illinois money looks squally, it is no better secured than Indiana, we think it not as well. Three or four petty Banks in Chicago, have already failed. W e advise our friends to be shy of Illinois money. Michigan money we believe is accounted safe, except Macomb County Bank, which is regarded as somewhat doubtful. Let all the people be determined, as soon possible, to have a Banking System in operation in this State, which shall secure the bill-holder in any event.

8. November 21, 1854 Burlington Tri-Weekly Hawk-Eye Burlington, IA
Article from Burlington Tri-Weekly Hawk-Eye, November 21, 1854

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The Miami Valley Bank, of Dayton, as well as D. .Beckel, Broker, who owns and controls it, have suspended. But its circulation is secured by Stocks of the United States and the State of Ohio, and the notes are current in Ohio.

9. November 22, 1854 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, November 22, 1854

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Broken Banks. The following is a list of Banks, that have suspended within a few months past. For the benefit of our readers, we shall keep it standing, and make weekly additions thereto, of such failures as come ithin our knowledge: Patchin Bank, Buffalo. Farmers' and Merchants' Bank, Oswego. Farmers' Bank of Canadaigua. Drovers' Bank, Ogdensburg. Bank of Carthage. Farmers' and Merchants' Bank, Meryland, Massillon Bank, Ohio. Farmers' and Merchants' Bank, Memphis. Ohio Savings Institute, Titfin Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avenue Bank, New York. Bank of Ellsworth, Maine. Elkhart County Bank Indiana. Bank of Northern Indiana. Bank of Washlenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Newport Safety Fund Bank Kentucky. Kentucky Trust Company. Bank of Kanawha, Virginia, Arlington Bank, Washington, D. C. Farmers' and M. Bank, Washington, D.C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. The Shipbuilders' Bank, Maine. Lewis County Bank, New York. Akron Branch, Akron. Marchants and Traders Branch, Cin. Exchange Bank, Buffalo. Farmers' Joint Stock Bank, Buffalo. Woodbury Bank, Connecticut. Circleville Bank, Circleville. The City Bank, Columbus, Miami Valley Bank, Dayton, and the CanalBank of Cleveland have suspended payment so far as depositors and time draft holders are concerned, but the bill holders are secured by State and United States Stocks.

10. November 29, 1854 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, November 29, 1854

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# Broken Banks. The following is a list of Banks, that have suspended within a few months past. For the benefit of our readers, we shall keep it standing, and make weekly additions thereto, of such failures as come within our knowledge: Patchin Bank, Buffalo. Farmers' and Merchants' Bank, Oswego. Farmers' Bank of Canadaigua. Drovers' Bank, Ogdensburg. Bank of Carthage. Farmers' and Merchants' Bank, Maryland, Massillon Bank, Ohio. Farmers' and Merchants' Bank, Memphis. Ohio Savings Institute, Tiffin Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avenue Bank, New York. Bank of Ellsworth, Maine. Elkhart County Bank Indiana. Bank of Northern Indiana. Bank of Washlenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Newport Safety Fund Bank Kentucky. Kentucky Trust Company. Bank of Kanawha, Virginia, Arlington Bank, Washington, D. C. Farmers' and M. Bank, Washington, D. C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. The Shipbuilders' Bank, Maine. Lewis County Bank, New York. Akron Branch, Akron. Merchants and Traders Branch, Cin. Exchange Bank, Buffalo. Farmers' Joint Stock Bank, Buffalo. Woodbury Bank, Connecticut. Circleville Bank, Circleville. The City Bank, Columbus, Miami Valley Bank, Dayton, and the CanalBank of Cleveland have suspended payment so far as depositors and time draft holders are concerned, but the bill holders are secured by State and United States Stocks.

11. December 6, 1854 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, December 6, 1854

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FLOUR * Π²Ρ‹. Ex. $10,00, com. 8,00@9,50 1,85@1,90 WHEAT if Bush. 80@ RYE if Bush. 75@ CORN if Bush. 40@ OATS P Bush. 1.25@ FLAX SEED P Bush. 3,25@3,00 TIMOTHY SEED P Bush. - 5,00@5,50 CLOVER SEED if Bush. 1,00@1,25 BEANS, white, P Bush. 1,00@1,25 POTATOES P Bush. 50@ 75 ONIONS P Bush. - 18@ BUTTER t 1b $ to - 8@ CHEESE if lb 10@ LARD P tb 12@ EGGS P Doz. 2,00@ SALT P Bbl. 3,00@4,00 COAL, stone, if Ton & 1,25@1,75 WOOD P Cord 1 9,00@10,00 HAY * Ton Broken Banks. The following is a list of Banks, that have suspended within a few months past. For the benefit of our readers, we shall keep it standing, and make weekly additions thereto, of such failures as come a ithin our knowledge: Patchin Bank, Buffalo. Farmers' and Merchants' Bank, Oswego. Farmers' Bank of Canadaigua. Drovers' Bank, Ogdensburg. Bank of Carthage. Farmers' and Merchants' Bank, Meryland, Massillon Bank, Ohio. Farmers' and Merchants' Bank, Memphis. Ohio Savings Institute, Tiffin Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avcnue Bank, New York. Bank of Ellsworth, Maine. Elkhart County Bank Indiana. Bank of Northern Indiana. Bank of Washlenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Newport Safety Fund Bank Kentucky. Kentucky Trust Company. Bank of Kanawha, Virginia, Arlington Bank, Washington, D. C. Farmers' and M. Bank, Washington, D.C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. The Shipbuilders' Bank, Maine. Lewis County Bank, New York. Akron Branch, Akron. Merchants and Traders Branch, Cin. Exchange Bank, Buffalo. Farmers' Joint Stock Bank, Buffalo. Woodbury Bank, Connecticut. Circleville Bank, Circleville. Commercial Bank, Toledo. Merchants Bank, Bridgton. Government Stock Bank, Ann Arbor, Michigan, The City Bank, Columbus, Miami Valley Bank, Dayton, and the CanalBank of Cleveland have suspended payment so far as depositors and time draft holders are concerned, but the bill holders are secured by State and United States Stocks.

12. December 9, 1854 The Daily Minnesota Pioneer Saint Paul, MN
Article from The Daily Minnesota Pioneer, December 9, 1854

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NEWS ITEMS. The Cleveland Herald of the 23d ult. says:-"We fear a disastrous fire has occurred on the Lake. Satarday evening, some twenty-five miles north of us, the sky became red in one spot as with the glare of fire. The tint began at half past six, deepened into a Jurid color at seven, continued thus for some threequarters of an hour, and then paled away. Light in that direction leads us to suppose that the reflection was caused by a vessel on fire on the Lake. The Cleveland Herald of Tuesday states that the Miami Valley Bank, of Dayton, has suspended; but as its circulation is secured by United States and Ohio Stocks, the banks throughout the State take its notes. During the eleven weeks this season that yellow fever raged in Savannah, there were 600 deaths from pestilence, out of a total mortality of 9675. The Health Committee report that there were 800 cases of cholera in Newark, N. J., during the last season, one-half of which were fatal. The earnings of the M. S. & N. R. R. for Oct. were : $224,185 35 Passengers and mail 62,181 78 Freight and miscellaneous Total $286,377 17 223,575 96 Earnings Oct., 1853 Unesease 62,801 21 The earnings of the road for the 10 months $1,778,386.51 ending Oct. 31 were 1,297,179 11 Same period 1853 $431,207 10 Increase in 10 months (over 37 per cent.) The Hon. George M. Dallas has published a letter announcing his adhesion to a movement in Pennsylvania, to form a "Constitutional Party"-that is to say, a party pledged to maintain the Federal Constitution, as paramount to all other isms of a local or national character. This new party proposes to embrace both Whigs and Democrats. The Cleveland Plaindealer states that various sums of money having been lost through the mails between that place and Wheeling, Shalleross, of Wheeling, Special Mail Agent, undertook to ferret out the robber. Suspicion finally rested on the Wellsville office. Eighty dollars recently mailed at that place was abstracted, and the robbery traced to the son of the P. M., who was arrested. The American party in the Legislature of Pennsylvania proves to be much stronger than was supposed. There are sixty members, says the Harrisburgh Telegraph, of the next Legislature, known to belong to the American order. Frederick Gedge, President of the Covington and Lexington Railroad, committed suicide on Thursday, by throwing himself across the track while a train was passing, which severed his head from his body. The return of bills from New York, drawn against the bonds of the Company, supposed to have been sold in that city, and on which the directorsand himself had heavily endorsed, is alleged as the cause of the act. We learn from Quebec that the Legislative Assembly had come to an understanding to vote a sum of money, amounting to about one hundred thousand dollars, for the relief of the widows and orphans of the ate battles of the allied army in the war against Russia. Thomas P. Williams, one of the largest produce dealers and vessel owners in Milwaukee, has found himself compelled, by the extreme stringency of the money market, to suspend payment, and has made an assignment for the benefit of his creditors. The assignees are Messrs. G. D. Norris, and W. B. Hibbard, gentlemen of known character and business talent. In their hands Mr. Williams has placed every dollar's worth of property he owns, including even his homestead. The liabilities are in the neighborhood of $125,000, and the assets estimated at upwards of $200,000. Rev. Joshua T. Russell, a Baptist clergyman at Jackson, Mississippi, recently fell dead while preaching. The horrors of the Arctic disaster have sensibly affected the amount of travel to Europe. The Baltic, which sailed on Saturday, W as scarcely one-third full -her whole number of passengers being but sixtyseven. Vermont has increased her banking capital during the last year $800,000. The number of banks in the State is 10, with a capital of $3,500,000.

13. December 13, 1854 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, December 13, 1854

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UR P Bbl. Ex. $10,00, com. 8,00@9,50 1,85@1,90 HEAT P Bush. 80@ E P Bush. 75@ RN P Bush. 40@ TS P Bush. 1.25@ 1X SEED P Bush. 3,25@3,00 ")THY SEED if Bush. 5,00@5,50 OVER SEED P Bush. 1,00@1,25 ANS, white, P Bush. 1,00@1,25 TATOES P Bush. 50@ 75 IONS P Bush. - 18@ TTER P lb 8@ EESE P It, 10@ RD P tb 12@ GS P Doz. 2,00@ LT P Bbl. 3,00@4,00 L, stone, P Ton 1,25@1,75 OD P Cord 9,00@ 10,00 Y P Ton Broken Banks. The following is a list of Banks, that e suspended within a faw months past. the benefit of our readers, we shall P it standing, and make weekly addiis thereto, of such failures as come ithpur knowledge: Patchin Bank, Buffalo. l'armers' and Merchants' Bank, Oswego. "armers' Bank of Canadaigua. Drovers' Bank, Ogdensburg. Bank of Carthage. 'armers' and Merchants' Bank, Maryland, Massillon Bank, Ohio. 'armers' and Merchants' Bank, Memphis. Ohio Savings Institute, Tiffin Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Cighth Avenue Bank, New York. Bank of Ellsworth, Maine. Clkhart County Bank Indiana. Bank of Northern Indiana. Bank of Washlenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Newport Safety Fund Bank Kentucky. Kentucky Trust Company. Bank of Kanawha, Virginia, Arlington Bank, Washington, D. C. Farmers' and M. Bank, Washington, D.C. tank of Connersville, Indiana. Bank of Hallowell, Maine. The Shipbuilders' Bank, Maine. Lewis County Bank, New York. Akron Branch, Akron. Merchants and Traders Branch, Cin. Exchange Bank, Buffalo. Farmers' Joint Stock Bank, Buffalo. Woodbury Bank, Connecticut. Circleville Bank, Circleville. Commercial Bank, Toledo. Merchants Bank, Bridgton. Government Stock Bank, Ann Arbor, ichigan, The City Bank, Columbus, Miami Valley nk, Dayton, and the CanalBank of Clevend have suspended payment so far as desitors and time draft holders are concerned, it the bill holders are secured by State and nited States Stocks.