5441. Bank of Attica (Attica, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 26, 1855
Location
Attica, Indiana (40.294, -87.249)

Metadata

Model
gpt-5-mini
Short Digest
884cbf78

Response Measures

None

Description

Newspaper items (1854–1856) show Bank of Attica listed among Indiana State Stock/free banks whose notes were declared suspended by the Auditor and later placed in liquidation; no article describes a depositor run. The state Auditor's actions indicate an official suspension and liquidation (government action/receivership). Dates: suspension notices mid-1855; liquidation notice April 1856.

Events (5)
1. June 26, 1855 Other
Newspaper Excerpt
By order of Hon. H. E. Talbott. Auditor of the R. State of Indiana. for account of Indiana suspended banks. For account of the Bank of Attica, Indiana: $21,000 Indiana State ... stock (sale notice).
Source
newspapers
2. June 28, 1855 Other
Newspaper Excerpt
By order of the Hon. H. E. Talbott, Auditor of the State of Indiana for account of Indiana Suspended Banks. ... For account of the Bank of Attica, Ind.: $21,000 Indiana State ... Stock (auction sale).
Source
newspapers
3. July 27, 1855 Suspension
Cause
Government Action
Cause Details
Auditor of the State notified holders to return Bank of Attica notes for cancellation as part of suspended Indiana free banks; official suspension by state authorities.
Newspaper Excerpt
The Auditor of State notifies those holding the circulating notes of the ... Bank of Attica ... to return the same to the Auditor's Office, Indianapolis, for cancellation
Source
newspapers
4. April 23, 1856 Other
Newspaper Excerpt
The Auditor of the State of Indiana gives notice that the notes of the following Free Banks have been placed in liquidation ... Bank of Attica; ... to have them at his office for redemption on or before the first day of October next.
Source
newspapers
5. April 23, 1856 Receivership
Newspaper Excerpt
The Auditor of the State of Indiana gives notice that the notes of the following Free Banks have been placed in liquidation, and gives notice to the holders of the notes ... to have them at his office for redemption
Source
newspapers

Newspaper Articles (6)
1. November 7, 1854 Minnesota Weekly Times Saint Paul, MN
Article from Minnesota Weekly Times, November 7, 1854

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Article Text

FRANKLIN AND HIS CREW.From official information which we publish to-day, there no longer exists a doubt but the fate of the North-West Pas. sage explorers are forever sealed-they have been starved to death! In imagination we see them, pale and emaciated, wandering over the polar seas vainly searching for food, with no human eye to pity and no arm to save. At last nature's tired frame can no longer endure the pangs of hunger, and gently they lay them down on their cold beds and resign themselves into the arms of death.Perhaps as they closed their eye-lids visions of home, kindred, friends swept before them-perhaps they were once more in the midst of the family circle with their wives and little ones, and the fire blazed warmly on the hearth. Then, the vision vanished, and the awful reality crowded upon the brain that they must die! But why should we picture the scene? It is vivid enough in the minds of all. last fitful fever's o'er and they sleep well." Let them rest calmly in their icy graves. History will record their heroic efforts to discover the North-West passage, and thereby open new fields of interest to the civilized world. THE INDIANA BANKS. There is so much said now-a-days respecting the solvency and insolvency of the State Stock Banks of Indiana, that we give the following schedule of those banks which are reported broken, extracted from the report of the Auditor of the State. We think the bills of most of the Indiana Banks are good, and that the present panic will soon subside, still it would be well for our citizens to keep as much of the money out of their hands as possible-this is the safest course. Those who hold bills on those Banks not known absolutely to be broken, need not give themselves any alarm. By holding on they will be obliged to sacrifice no more than they will be by allowing the brokers to shave them. But hear what the Auditor says: Bank of Connersville. Capital $1,000,000: total circulation, $517,681. Secured by Indiana 5 and 21-2 per cents, and Ohio 6 per cents. Elkhart Co. Bank, at Goshen. Capital $500,000; total circulation $320,000. Secured by North Carolina 6 per cents, and Louisiana 6 per cents. Bank of Rensselaer. Capital $500,000 total circulation $114,000. Secured by Pennsylvania 5 per cents and Louisiana 6 per cents. Bank of America, at Morocco. Capital $500,000; total circulation $49,218. Secured by Pennsylvania 5s and Indiana 6 per cents stocks. State Stock Bank, at Jamestown. Capital $600,000; total circulation $337,000. Secured by Virginia and Ohio 6 per cents. Bank of Attica. Capital $300,000; total circulation $144,479. Secured by Indiana 5 per cents and Virginia 6. per cents. Northern Indiana Bank, at Logansport. Capital $200,000; total circulation $100,000. Secured by Indiana 5 per cents and Missouri 6 per cents. Western Bank, at Plymouth. Capital $200,000; total circulation, $100,000. Secured by Indiana 5 per cents and Virginia 6 per cents. State Stock Security Bank, Newport. Capital $250,000 total circulation $100,000. Secured by Indiana and Penn. 5s and Virginia 6 per cents. Drover's Bank, Rome. Capital $250,000; total circulation $49,798. Secured by Indiana 5 per cents. State Stock Bank, Marion. Capital $600,000; total circulation $75,000. Secured by Louisiana and Virginia 6 per cents. Public Stock Bank, Newport. Capital $200,000 total circulation $109,314. Secured by Indiana 1-2 and 5 per cents. Hosier Bank, Logansport. Capital $200,000; total circulation $49,985. Secured by Missouri and Louisiana 6 per cts. From the same report, says the Madison (Ind.) Daily Banner, it appears that the aggregate capital of the free banks is $32,900,000, and the total. circulation $7,426,067. Herewe have a " capital of nearly four and a half to one of debt," and yet the public must be shaved from two to ten per cent. on the paper of these banks.

2. June 26, 1855 The New York Herald New York, NY
Article from The New York Herald, June 26, 1855

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Article Text

W. latham, AUCTI ONEER-SPECIAL SALE.By order of Hon. H. E. Talbott. Auditor of the R. State of Indiana. for account of Indiana suspended banks. J. THOMPSON'S stock auction sales. On Thursday, June 28, at the Merchants' Exchange, at 12½ o'clock, For account of the Bank of Attica, Indiana:$21,000 Indiana State 2½ per cent stock. " " 5 per cent stock. 8,000 Atlantic Bank, Jackson:6,000 Indiana State 2½ per cent stock. Orange Bank, Poseyville1,000 State of Indiana 6 per cent stock. Bank of Albany, New Albany:7,000 Indiana State 5 per cent stock. State Stock Bank at Peru:25,300 Indiana State 5 per cent stock. Bank of Bridgeport:2,000 Indiana State 5 per cent stock. Bank of America, Morocco:6,500 Indiana State 5 per cent stock. Public Stock Bank, Newport:7,000 Indiana State 5 per cent stock. Elkart County Bank:40,000 Indiana State 2½ per cent stock. 5,000 Louisiana State 6 per cent Bonds, int. from 1st June, 1855. 2,000 Louisiana State 6 per cent Bonds, int. from 1st April, 1855. 500 Virginia State 6 per cent Bonds, int. from 1st April, 1856. Traders' Bank, Nashville:16,500 Indiana State 5 per cent stock. Per Individual Order:7,000 Great Western R. R. Co. (Illinois) 7 per cent mortgage and convertable bonds. Int Feb. and Aug. in N. Y.; due 1865. 10,000 Memphis City (Tennessee) 6 per cent Bonds. Interest Jan. and July in N. Y.; due 1884. All purchases must be paid for on or before 1 o'clock of the day after the sale. When purchases are made for account of parties out of the city, 10 per cent will be required on the day of sale, and six days' grace given (addirg interest) on the balance. The accrued interest will go to the purchaser (the same as at the Board of Brokers), except the Indiana State stocks, which are sold interest off. Office No. 2 Wall street. JOHN THOMPSON.

3. June 28, 1855 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, June 28, 1855

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Article Text

R. W. LATHAM, Auctioneer. PECIAL SALE-By order of the Hon. H. E. Talbott, Auditor of the State of Indiana for account of Indiana Suspended Banks.-J. THOMPSON'S STOCK AUCTION SALES-On THURSDAY, June 28, at the Merchants' Exchange, at 12} o'clock. For account of the Bank of Attica, Ind.: $21,000 Indiana State 21 per cent Stock. 8,000 Indiana State 5 per cent Stock. Atlantic Bank, Jackson: 6,000 Indiana State 21 per cent Stock. Orange Bank, Poseyville: 1,000 State of Indiana 5 per cent Stock. Bank of Albany. New-Albany; 7,000 Indiana State 5 per cent Stock. State Stock Bank at Peru: 25,300 Indiana State 5 per cent Stock, Bank of Bridgeport: 2,000 Indiana State 5 per cent Stock. Bank of America, Morocco: 6,500 Indiana State 5 per cent Stock. Public Stock Bank, Newport: 7,000 Indiana State 5 per cent Stock. Elkart County Bank: 40,000 Indiana State 21, per cent Stock. 5,000 Louisiana State 6 per et. Bds., int. from 1st June, 1855. 2,000 Louisiana State 6 per ct. Bds, int. from 1st April, 1855. 500 Virginia State 6 per et. Bds., int. Traders' Bank, Nashville: 16,500 Indiana State 5 per cent Stock. Per Individual Order: 7,000 Great Western Railroad Company (Illinois) 7 per cent Mortgage and Cenvertible Bonds. Int. February and August in New-York, due 1865. 10,000 Memp) is City (Tennessee) 6 per cent Bonds. Interest January and July in New-York. Due 1884. All purchases must be paid for on or before 1 o'clock of the day after the sale. When purchases are made for account of parties out of the city 10 per cent will be required on the day of sale, and six days' grace given (adding Interest) on the balance. The Accrued Interest will go to the purchaser, (the same as at the Board of Brokers,) except the Indiana State Stocks, which are sold interest off. JOHN THOMPSON. Office No. 2 Wall-st.

4. July 27, 1855 Indiana American Brookville, Indianapolis, IN
Article from Indiana American, July 27, 1855

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Article Text

SUSPENDED INDIANA FREE BANKS.The Auditor of State notifies those holding the circulating notes of the Traders' Bank of Nashville, Elkhart County Bank, Bank of Attica, Atlantic Bank, at Jackson, Orange Bank, Bank of Albany, State Stock Bank of Indiana, at Peru, Bank of Bridgeport, Bank of America, at Morocco, and the Public Stock Bank at Newport, to return the same to the Auditor's Office, Indianapolis, for cancellation, before the first day of October next, that the outstanding circulation may be determined as accurately HS possible, and a pro rata dividend thereon declared. Certificates for the amount returned will be issued, and the dividend on the respective banks paid upon the presentation of the certificate at that office, after the ffrst day of October next.

5. August 22, 1855 Grand River Times Eastmanville, Grand Haven, MI
Article from Grand River Times, August 22, 1855

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Article Text

SUSPENDED INDIANA FREE BANKS.-The Auditor of the State of Indiana notifies those holding the circulating notes of the Trader's Bank at Nashville, Elkhart County Bank, Bank of Attica, Atlantic Bank of Jackson, Orange Bank, Bank of Albany, State Stock Bank of Indiana, at Peru, Bank of Bridgeport, Bank of America, at Morocco, and the Public Scock Bank, at Newport, to return the same to the Auditor's office, Indianapolis, for cancellation, before the first day of October next, that.the outstanding circulation may be determined as accurately as possible, and a pro rata dividend thereon declared. Certificates for the amount returned will be issued, and the dividend on the respective banks paid upon the presentation of the certificate at that office after the first day of October.

6. April 23, 1856 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, April 23, 1856

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Article Text

News of the Morning. ARRIVAL OF THE AFRICA.-The Africa arrived on the 19th. Peace Conference still sitting, considering minor details. Paris has been illuminated in honor of the peace, and the Orleanists and Legitimists took a part in the illumination. No news of importance from any quarter. Markets active. Iron in good demand. Provisions unchanged. The President and several members of the Cabinet visited Annapolis on the 18th.They were received by citizens in the Senate Chamber of the State House. Mr. Pierce replied in a happy manner. The next day, in company with the Governor and Secretary of State of Maryland, with other officials, they inspected the Naval Academy. Milton L. Latham was unanimously confirmed Collector of San Francisco on the 19th. The South Americans have carried the city of Augusta, Ga, at the charter election. SPECIAL Tax.-The City Council has ordered a vote to be taken on the 30th inst., to authorize the levying of a special tax. We are requested to state that this order was passed not because the Council has determined upon, or even contemplates, any unusual or extraordinary appropriations for any purpose, during the ensuing year. The object is to provide against contingencies. It may happen that the Council will need more means than are at present provided, and in such case the law makes it necessary that the election ordered should be held by the time specified. If the vote should be in the affirmative, the Council will then be clothed with the necessary power, and can then exercise its discretion. We observe that the Mayor's proclamation does not prescribe the form of the ballots. The Auditor of the State of Indiana gives notice that the notes of the following Free Banks have been placed in liquidation, and gives notice to the holders of the notes of said banks to have them at his office for redemption on or before the first day of Oetober next: Traders' Bank at Nashville: Elkhart Co. Bank: Bank of Connersville: Bank of Attica; State Stock Bank of Indiana at Peru; Wabash Valley Bank : Bank of America, at Morocco: Bank of Albany; Bank of Bridgeport; Laurel; Orange Bank Green County Bank; Atlantic Bank; Bank of T. Wadeworth; Traders' Bank at Terre Haute; Drovers' Bank at Rome: Farmers' Bank at Jasper; New York Stock Bank at Vincennes; Plymouth Bank. The Keokuk Post (Republican) comes to us with triumphant rejoicings over a great victory gained over the Democracy of that city, who insisted upon running a ticket at the municipal election, upon strict party grounds. The Independent or opposition ticket was elected by a strong majority.[Dubuque Republican. The Keokuk Post pretends to be independent, but is at least anti-Republican, whatever else it may be, and didn't rejeice very much over the election. The Times is the regular, and the Post is the irregular, Locofoce paper in this city. The Gate City is the only "Republican" journal.