5491. Brookville Bank (Brookville, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 23, 1857
Location
Brookville, Indiana (39.423, -85.013)

Metadata

Model
gpt-5-mini
Short Digest
cf872019

Response Measures

None

Description

Newspapers show Brookville Bank's notes were thrown out in Jan 1857 amid wider distrust of Indiana free banks. By Apr 1857 the bank refused to comply with amended free-banking law and was reported as suspended (Apr 3, 1857). Multiple 1858 state Auditor circulars (Apr–Jun 1858 and later) list the Brookville Bank as voluntarily winding up and redeeming its circulation at the bank (redeemed at par). Thus the bank suspended and then wound up voluntarily (closure). OCR errors in some items corrected (e.g., 'tabood' -> 'tabooed'/'tabbed as suspended').

Events (3)
1. January 23, 1857 Other
Newspaper Excerpt
The notes of the following Indiana Banks were thrown out on Saturday: ... Brookville Bank at Brookville. The latter Bank, however, was by some considered good, and some of the houses continued to receive the paper at par.
Source
newspapers
2. April 3, 1857 Suspension
Cause
Voluntary Liquidation
Cause Details
Owners refused to comply with amended free-banking law; bank withheld circulation and was listed as suspended/winding up per press reports.
Newspaper Excerpt
The Brookville Bank of Indiana ... have refused to comply with the requirements of the [free banking] law, and their bills are consequently thrown out and they tabood as suspended.
Source
newspapers
3. April 1, 1858 Other
Newspaper Excerpt
The following banks are winding up voluntarily, and are redeeming their notes at par as specified: ... Brookville Bank, redeemed at the bank; ... The ten per cent excess of securities is retained by the Auditor.
Source
newspapers

Newspaper Articles (25)
1. January 23, 1857 Indiana American Brookville, Indianapolis, IN
Article from Indiana American, January 23, 1857

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Another Bank Panic! The failure of the Gramercy Bank, Lafayette, and the Shawnee Bank, Attica, under circumstances that reveal fraud, on the part of their owners, if not also corruption on the part of the Auditor of State, has caused another panic in regard to the Free Banks of Indiana and Illinois. No wonder. If these, which sustained the shock of two years ago, go down, what confidence can the public put in any of them? Alluding to the panic in Cincinnati, the Gazette of Monday says: "The notes of the following Indiana Banks were thrown out on Saturday :Central and Farmers' & Mechanics' Bank of Indianapolis; Tippecanoe Bank at Logansport; and Brookville Bank at Brookville. The latter Bank, however, was by some considered good, and some of the houses continued to receive the paper at par. It is owned and managed, we are informed, by good and responsible men.Of the Illinois Banks, the notes of the following were thrown:-State Stock Security Bank at Danville; People's Bank at Carmi; Prairie State Bank at Washington; Rushville Bank at Rushville; Agricultural Bank at Marion; Central Bank at Peoria. The Bank of the Capitol at Indianapolis, the Exchange Bank at Greencastle, Ind., and the Farmers's & Traders' Bank at Charleston, III., are received with distrust. What this excitement will lead to, it is difficult to say." We wish it would lead to an abandonment of the new-fangled patent-Democracy system of banking without capital. If the present Legislature does not do something to protect the people from the flood of spotted paper, called money, we wish they would go into "joint convention" in the penitentiary for two years, and let the people elect Legislators who would do some good.

2. January 23, 1857 Daily Nashville Patriot Nashville, TN
Article from Daily Nashville Patriot, January 23, 1857

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THE Indiana AND ILLINOIS FREE BANKS.The Cincinnati Gazette of the 19th says: The failure of the Gramercy and Shawnee Banks of Indiana have caused a great deal of confusion among our money dealers, with reference to the Free Banks of Indiana, Illinois and Wisconsin, all of which, just now are looked upon with suspicion. The notes of the following Indiana Banks were thrown out to-day: Central and Farmers and Mechanics' Bank of Indianapolis; Tippacanoe Bank, Logansport; and Brookville Bank, Brookville. The latter bank, however, was by some considered good, and some of the houses continued to receive notes at par. It is owned and managed, we are informed, by good and responsible men. Of the Illinois Banks, the notes of the following were thrown out: State Stock Security Bank at Danville; People's Bank at Carmi; Prairie State Bank at Washington; Rushville Bank at Rushville; Agricultural Bank at Marion; Central Bank at Peoria. The Bank of the Capitol at Indianapolis, the Exchange Bank at Greencastle, Ind., and the Farmers' and Traders' Bank at Charleston, Ill., are received with distrust. What this excitement will lead to it is difficult to say. All the Free Banks will sustain a heavy run, but those that intend to comply with the new law and continue business will probably be able to sustain their credit. The chief cause of all this trouble lies in the fact that the owners of the Gramercy and Shawnee Banks withdrew their bonds from the Auditor of State prior to their failure, leaving nothing in the hands of the State officer to redeem their cireulation.

3. January 29, 1857 Fayetteville Observer Fayetteville, TN
Article from Fayetteville Observer, January 29, 1857

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The Indiana and Illinois Free Banks The Cincinnati Gazette says: The failure of the Gramercy and Shawnee Banks of Indiana, have caused a great deal of confusion among our money dealers with reference to the Free Banks of Indiana, Illinois, and Wisconsin, all of which, just now, are looked upon with suspicion. The notes of the following Indiana Banks were thrown out to-day: Central and Farmers & Mechanics' Banks of Indianapolis; Tippecanoe Bank, Loganport; and Brookville Bank, Brookville. The latter bank, however, was by some considered good, and some of the houses continued to receive its notes at par. It is owned and managed, we are informed, by good and responsible men. Of the Illinois Banks, the notes of the following were thrown out: State Stock security Bank at Danville; People's Bank at Carmi; Prairie State Bank at Washington: Rushville Bank at Rushville; Agricultural Bank at Marion; Central Bank at Peoria. The Bank of the Capitol at Indianapolis, the Exchange Bank at Greencastle, Ind., and the Farmers' and Traders' Bank at Charleston, Ili., are received with distrust. What this excitement will lead to it is difficult to say. All the Free Banks will sustain a heavy run, but those that intend to comply with the new law and continue business will probably be able to sustain their credit. The chief cause of all this trouble lies in the fact that the owners of the Gramercy and Shawnee Banks withdrew their bonds from the Auditor of State prior to their failure leaving nothing in the hands of the State officer to redeem their circulation.

4. April 3, 1857 Fremont Journal Fremont, OH
Article from Fremont Journal, April 3, 1857

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Telegraphic Items. BANKS. The bills of the Rushville Bank are bought by the Chicago brokers at eight and ten per cent discount. The Brookville Bank of Indiana, and the Huntington Co. Bank, and Bank of America, have refused to comply with the requirements of the Into law, and their bills are consequently thrown out and they taboood as suspended.

5. April 7, 1857 The Hillsdale Standard Hillsdale, MI
Article from The Hillsdale Standard, April 7, 1857

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Bank Matters. The Chicago Press of Wednesday notices the suspension of the Brookville Bank, Huntington County Bank, and Bank of America, Indiana. The owners of the banks refusing to comply with the requirements of the late amendment to the free banking law of that State, the institutions will be wound up by the Auditor. Their bills, says the Press, may be expected to yield at least 75 cents on the dollar. The same paper states that there is no change, in the rates at which brokers in Chicago purchase the bills of the discredited banks of Illinois. People's Bank and Rushville Bank are at from 8 to 10 per cent discount, and Stock Security at from 3 to 5 per cent. The Toronto Leader publishes an announcement that the leading banks of the Province have agreed to continue the redemption of the notes of the Zimmerman Bank, at their offices, as usual. Ones on the Bank of Quebec, altered to tens, are in circulation at Toronto. They may be detected at once by the denominations, being an X in each corner, instead of a figure; the X's having been put where the figures I were. The last weekly statement of the New York city banks, (March 21,) compared with that of the previous week, shows an increase in loans of $197,702, in specie of $213,541, and in circulation of $41,687; and a decrease in undrawn deposits of $738,576. The Indianapolis Journal of the 20th says: "The securities of the Bank of North Aemerica, at Clinton, will be sold in a few days by the Auditor of the States. The proceeds will pay about fifty cents on the dollar, of the outstanding circulation. "The Bank of Warsaw has given notice of its intention to close business. Its issues are redeemed at the Central Bank Indianapolis. The gold has been deposited at the Central Bank, for the redemption of its outstanding circulation. "The issues of the New York and Virginia Stock Bank, at Evansville, are redeemed by the Crescent City Bank, and the issues of the Merchants and Mechanics' Bany, of New Albany, are redeemed by the New Albany Branch of the Bank of the State of Indiana. The new banking law of Illinois provides that no bank shall be located in any town or village of less than 500 inhabitant."

6. June 12, 1857 The New York Herald New York, NY
Article from The New York Herald, June 12, 1857

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The specie paying banks that are winding up and redeeming their circulation at par areBrookville Bank, Bank of the Capitol, Bank of Elkhart, Hoosier Bank, Indiana Stock Bank, Huntington County Bank, Indiana Reserve Bank, Bank of Monticello, redeemed at Branch Bank, Lafayette; Fayette County Bank, redeemat Branch Bank, Connersville; Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany; Bank of Syracuse, redeemed at Bank of Goshen; New York and Virginia State Stock Bank, redeemed at Crescent City Bank; Traders' Bank, Indianapolis, redeemed at the Bank of the Capitol. The suspended banks, redeemed at the Auditor's office at 90 per cent, areBank of Albany, Kalamazoo Bank, State Stock Bank, Marion, and Bank of Clinton. Those at 87 per cent are-Bank of America and Bank of Connersville. At 92 per cultureTraders' Bank, Nashville, and Wabash Valley Bank. Those at par are-Agricultural, Orange, Bank of Perryville, Rockport, South Bend, Wayne Bank, Logansport and Bank of Warsaw. The Atlantic Bank at 80 per cent; Elkhart, 97; Farmers' Bank, Jasper, at 91; Laurel Bank at 82; Nerthern Indiana at 832 State Stock Bank, Peru, at 85; Bank of T. Wadsworth at 91; Bank of North America, Clinton, at 90; Savings Bank of Indiana, Connersville, 69.

7. October 7, 1857 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, October 7, 1857

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Indiana Banks. The Indianapolis Journal of the 29th ult. furmishes the following list of specie paying banks in that state, and also the value of the notes of suspended banks. The issues of banks not included in the list are worth the or nothing; SPECIE PAYING BANKS. Bank of the State of Indiana and branches. *Brookville bank, Brookville. Bank of the Capitol, Indianapolis. *Bank of Elkhart, Elkhart. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Indiana, Michigan City. Bank of Monticello, Monticello. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabashtown. *Bank of Syracuse, Syracuse. Bank of Salem, Salem. Bank of Salem, New Albany. Bloomington bank, Bloomington. Crescent City bank, Evansville. Canal bank, Evansville. Cambridge City bank, Cambridge. Central Bank, Indianapolis. Exchange bank, Greencastle, "Fayette Co. bank, Connersville. Farmers' bank, Westfield. Hoosier bank, Logansport. Huntington county bank, Huntington. Indiana bank, Madison. "Indian Reserve bank, Kokomo. Indiana Farmers' Bank, Franklin. *Indiana Stock bank, Laporte. Kentucky Stock bank, Columbus. Lagrange bank, Lima. Merchants' & Mechanics' bank, N. Albany: New York and Virginia State Stock bank, Evansville, Parke county bank, Rockville. Prairie city bank, Terre Haute. Southern bank of Indiana, Terre Haute. Salem bank, Goshen. State bank of Indiana and branches. "Traders' bank, Indianapolis. Tippecanoe bank, Logansport. NOTE.-The above list embraces the State bank and branches, the bank of the State of Indiana, and branches, and such of the specie-paying free banks as are now doing, or have been doing, a legitimate business in regular banking houses. Those marked with a * star are withdrawing their oirculation. The notes of the bank of Monticello are redeemed at the branch bank, Lafayette; of the bank of Syracuse, at the bank of Goshen; of the Fayette county bank, at the branch bank, Connersville; Merchants' and Mechanics' bank, at the branch bank, New Albany; New York and Virginia Stock bank, at the Crescent city bank, Evansville. SUSPENDED AND BROKEN BANKS. The following list embraces the suspended free banks of Indiana, whose issues are redeemed by the auditor at the rate affixed to each, except where another place of redemption is named in the list:

8. January 15, 1858 The New York Herald New York, NY
Article from The New York Herald, January 15, 1858

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BANKS OF RHODE ISLAND. Due from Banks. 93 B'ks Dec. 14. 98 B'ks May 2. in $20,561,510 Capital actually paid $20.857,075 Bills in circulation 3,192,661 5,344,662 Deposits on interest 381,402 439,322 Deposits not on interest 2,452,327 3,045,571 Debts due to other banks 1,661,204 1,484,358 Dividends unpaid. 57,780 74,985 Net profits on hand 1,308,979 1,338,505 Total amount of liabilities $29,615,867 $32,584,482 Resources of the Banks. Debts due from directors $1,571,713 $1,568,742 " from stockholders 1,306,004 2,338,120 " from all others 22,945,433 25,136,935 Specie actually in banks 570,850 329,724 Bills of other banks 860,778 1,220,047 Deposits in other banks 1,410,675 1,134,609 Its own held by the bank 226,733 83,472 Amount and description of stock in other banks and of other stocks owned by the bank 145,129 127,839 Real estate 527,787 505,705 50,760 Other property 89,182 Total amount of resources $29,615,867 $32,584,482 Increase of capital since last return 201,500 458,429 Amount of last dividend 727,121 732,949 Reserved pronts at the time of last dividend 903,341 834,438 Debts due and not paid 1,387,425 585,152 Amount of suspended paper considered bad or doubtful 304,450 86,056 Amount loaned on pledges of stock in the bank $92,550 665,698 Amount of bills in circulation under five dollars 710,975 1,146,217 Among the facts exhibited by this report are, that in May last the circulation of all the banks was $5,344,662. when they then held $329,724 in specie, or about 6 per cent. By the report made in Decem. ber, the circulation was $3,192,661, with $570,850 in specie, or a proportion of 18 per cent of the circulation. The loans in this time have been reduced $3,271,847. A fact in connection with this must be stated: that the May report embraced the returns of five more banks, with an aggregate of about $300,000 capital, than are given in the latter report. Four of these banks have gone into liquidation, and one did not make its report in season to be included in the abstract. The State Auditor of Indiana gives the following official statement in relation to the free banks of that State:INDIANA FREE BANKS, JAN. 1, 1858. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of the State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation:Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli. Paoli. Bank of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bioomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Park County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Haute. The following barks have complied with the amended law. but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin:Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following banks gave notice of their intention to close prior to the first day of March, 1858, in preference to complying with the provisions of the amended law, requiring ten per cent excess of securities. The notes are redeemed at par:Bank of Elkhart, redeemed at the bank. " Brookville Bank, " " Hoosier Bank, " Huntington County Bank, " Indiana Stock Bank, Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette County Bank, redeemed at Branch Bank, Connersville. Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Branch Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED INDIANA FREE BANKS. The notes of the following banks are redeemed by the Auditor of State, viz. Agricultural Bank at par. Atlantic Bank at 80c. at 90c. Bank of Albany Bank of Albion at par. Bank of America at 87c. Bank of Attica at 80c. at 88c. Bank at Bridgeport 87c. Bank of Conneraville

9. January 28, 1858 The Weekly Pioneer and Democrat Saint Paul, MN
Article from The Weekly Pioneer and Democrat, January 28, 1858

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Indiana Free Banks, The following Banks have complied with the amended law of 1855. and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent. in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport. Gosport, Bank of Mt. Vernon. Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Cambridge City Bank, Cambridge City. Exchange Bank. Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmer's Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Park County Bank. Rockville. Prairie City Bank. Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Hante. The following Banks have complied with the amended law. but have since given notice of their intention to withdraw their circulation. Their notes are payablein coin : Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianopolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following Banks gave notice of their intention to close prior to the 1st day of March, 1858, in preference to complying with the provisions of the amended law, requiring ten per cent. excess of securities.The notes are redeemed at par : Bank of Elkbart. redeemed at the bank. : Brookville Bank, " ** Hoosier Bank. : Huntington Co. Bank. .. Indiana Stock Bank, Bank of Monticello. redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank, Connersville. Merchants' and Mechanics' Bank. redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Branch Bank of Goshen. Indiana Reserve Bank, redeemed at Fletcher's Bank, Indianopolis. SUSPENDED INDIANA FREE BANKS. The notes of the following Banks are redeemed by the Auditor of State, viz :

10. February 11, 1858 Marshall County Democrat Plymouth, IN
Article from Marshall County Democrat, February 11, 1858

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The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent. in excess of their circulation. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greencastle. Farmers Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank, Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Haute. The following banks have complied with the the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin. Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following banks have given notice of their intention to close prior to the first day of March, 1858, in preference to complying with the provisions of the amended law, requiring ten per cent. exeess of securities. The notes are redeemed at par: Bank of Elkhart, redeemed at the Bank' " " " Brookville Bank, " " " Hoosier Bank, Huntington County Bank, redeemed at the Bank. " " " " Indiana Stock Bank of Montic llo, redeemed at the Branch Bank, Lafayette. Fayette County Bank, redeemed at the Branch Bank, Connersville. Merchants' and Mechanics' Bank, redeemed at the Branch Bank, New Albany. Bank of Syracuse, redeemed at the Branch Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED INDIANA FREE BANKS. The notes of the following banks are redeemed by the Auditor of State. viz:

11. February 18, 1858 Marshall County Democrat Plymouth, IN
Article from Marshall County Democrat, February 18, 1858

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ted with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent. in excess of their circulation. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greencastle. Farmers Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank. Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Haute. The following banks have complied with the the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin. Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following banks have given notice of their intention to close prior to the first day of March, 1858, in preference to complying with the provisions of the amended law, requiring ten per cent. exeess of securities. The notes are redeemed at par: Bank of Elkhart, redeemed at the Bank' " " " Brookville Bank, " " " Hoosier Bank, Huntington County Bank, redeemed at the Bank. " " " " Indiana Stock Bank of Montic llo, redeemed at the Branch Bank, Lafavette. Fayette County Bank, redeemed at the Branch Bank, Connersville. Merchants' and Mechanics' Bank, redeemed at the Branch Bank, New Albany. Bank of Syracuse, redeemed at the Branch Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED INDIANA FREE BANKS. The notes of the following banks are redeemed by the Auditor of State. viz:

12. February 25, 1858 Marshall County Democrat Plymouth, IN
Article from Marshall County Democrat, February 25, 1858

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BANK NOTE LIST. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent. in excess of their circulation. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greencastle. Farmers Bank, Westfield. Indiana Bank, M udison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank. Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank. Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Haute. The following banks have complied with the the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin. Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following banks have given notice of their intention to close prior to the first day of March. 1858, in preference to complying with the provisions of the amended law, requiring ten per cent. exeess of securities. The notes are redeemed at par: Bank of Elkhart, redeemed at the Bank' " " " Brookville Bank, " " " Hoosier Bank, Hantington County Bank, redeemed at the Bank. " " " " Indiana Stock Bank of Montic llo, redeemed at the Branch Bank, Lafayette. Fayette County Bank, redeemed at the Branch Bank, Connersville. Merchants' and Mechanics' Bank, redeemed at the Branch Bank, New Albany. Bank of Syracuse, redeemed at the Branch Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED INDIANA FREE BANKS. The notes of the following banks are redeemed beth of S

13. April 6, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, April 6, 1858

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lowing circular in relation to the Free Banks of the State. OFFICE OF AUDITOR OF STATE, Indianapolis, April 1, 1858. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen; Bank of Gosport, Gosport; Bank of Mt. Vernon, Mt. Vernon; Bank of Paoli, Paoli; Bank of Rockville, Wabash; Bank of Salem, New Albany; Bank of Salem, Salem; Bloomington Bank, Bloomington; Exchange Bank, Greencastle; Farmers' Bank, Westfield; Indiana Bank, Madison; Indiana Farmers, Bank, Franklin; Kentucky Stock Bank, Columbus; Lagrange Bank, Lima; Parke County Bank, Rockville; Prairie City Bank, Terre Haute; Salem Bank, Goshen, Southern Bank of Indiana, Terre Haute. The following banks have complied with the amended law, but havesince given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City; Cambridge City Bank, Cambridge City; Canal Bank, Evansville; Central Bank, Indianopolis; redeemed by the Treasurer of State; Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par as specified. The ten per cent excess of securities is retained by the Auditor: Bank of Elkhart, redeemed at the bank; Brookville Bank, redeemed at the bank; Hoosier Bank, redeemed at the bank; Huntington County Bank, redeemed at the bank; Indiana Stock Bank, redeemed at Fletcher's Bank; Bank of Monticello, redeemed at the Branch bank, Lafsyette; Fayette County Bank, redeemed at the Branch bank, Connersville; Merchants' and Mechanics' Bank, redeemed at the Branch Bank, New Albany; Bank of Syracuse, redeemed at Bank of Goshen; Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. Suspended Banks.-The notes of the following banks are redeemed by the Auditor of State. viz:

14. May 7, 1858 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, May 7, 1858

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Indiana Free Banks. OFFICE OF AUDITOR OF STATE. $ Indianapolis, April 1 1858. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, Salem. Bank of Salem, New Albany. Bloomington Bank Bloemington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank, Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, T. Haute. The following Banks have complied with the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville. Central Bank, Indianapolis - redeemed by the Treasurer of State. Crescent City Bank Evansville. The following Banks are winding up voluntarily, and are redeeming their notes at par, as specified. The ten per cent. excese of securities is retained by the Auditor: Bank of Elkhart, redeemed at the Bank. Brookville Bank, do do do do Hoosier Bank, do do do do Huntington Co. Bank, redeemed at the Bank. Indiana Stock Bank, redeemed at Fletchf er's Bank. e Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch S Bank, Connersville. Merchants' and Mechanics' Bank redeeme ed at Branch Bank, New Albany. = Bank of Syracuse, redeemed at Bank of -Goshen. Indiana Reserve Bank, redeemedat Fletch = er's Bank, Indianapolis. SUSPENDED BANKS. r The notes of the following Banks are

15. May 13, 1858 Marshall County Democrat Plymouth, IN
Article from Marshall County Democrat, May 13, 1858

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Indiana Free Banks. OFFICE OF AUDITOR OF STATE, ) Indianapolis, May 1, 1858. 5 The following Banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market valtie, to an amount not less than fifty thousand dollars, and ten per ct. in excess of their circulation: Bank of Goshen, Goshen; do Gosport, Gosport: do Mt. Vernon, Mt. Vernon; do Paoli, Paoli; do Rockville, Wabash; do Salem, New Albany; do Salem, Salem, Bloomington Bank, Bloomington; Exchange Bank, Greencastle; Farmers' Bank. Westfield; ) Indiana Bank, Madison; Indiana Farmers' Bank, Franklin; I Kentucky Stock Bank, Columbus; Lagrange Bank. Lima; Parke County Bank, Rockville; ) Prairie City Bank, Terre Haute; Salem Bank, Goshen; Southern Bank of Indiana, Terre Haute. The following Banks have complied with t the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in ) coin: f Bank of Indiana, Michigan City; Cambridge City Bank, Cambridge City; Canal Bank, Evansville; Central Bank, Indianapolis-redeemed by the Treasurer of State; Crescent City Bank, Evansville. The following Banks are winding up voluntarily, and are redeeming their notes at par, as specified. The ten per cent. excess of securities is retained by the Auditor: Bank of Elkbart, redeemed at the Bank; " " Brookville Bank, " " Hoosier Bank, " " Huntington Co. Bank Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Connersville. Merchants' & Mechanics', redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, at Fletcher's Bank Indianapolis. SUSPENDED BANKS. The notes of the following Banks are redeemed by the Auditor of State: Agricultural Bank, at par. Atlantic Bank, at 80. Bank of Albany, at 90. Bank of Albion, at par. Bank of America at - 87. Dank of Attica, at 82. Bank of Bridgeport, at 88. Bank of Connersville, at 87. Bank of Perrysville, at par. Bank of South Bend, at par. Bank of T. Wadsworth, at 91. Bank of North America, C Clinton, at 90. Bank of Rockport, at p or. Farmers' Bank, Jaspe* Kalamazoo Bank, at na is at 91. 90. Laurel Bank, at 8 2. Northern Indiar Bank, at 83.

16. June 7, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 7, 1858

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(From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten por cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lugrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute: Salem Bank, Goshen. Seuthern Bank of Indiana. Terre Haute. The following banks have complied with the amended law. but have since given notice of their intention to withdraw their vir. culation. Their notes are payable in coin: Bank of Indiana. Michigan City. Cambridge City Bank. Cambridge City. Canal Bank. Evansville. Central Bank. Indianapotis-redeemed by he reasure of State. Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par. as specified. The ten cent excess of se curities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. .. " Brookville Bank, " " Hoosier Bank, " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank Connersville Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED BANKS. The notes of the follemine ave

17. June 8, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 8, 1858

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[From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, 1 , Indianapoiis, June 1. '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, attheir market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon Bank of Paoli. Paoli. Bank of Rockville. Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle, Farmers' Bank, Westfield. Indiana Bank. Mudison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bauk, Columbus. Ingrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Seuthern Bank of Indiana. Terre Haute. The following banks have complied with the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana. Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville. Central Bank. Indianapotis-redeemed by be reasure of State. Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par. as specified. The ten cent excess of se curities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. " : " Brookville Bank, " " " Hoowier Bank. " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank Conneraville Merchants' and Mochanics' Bank, redeemed sit Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED BANKS. The notes of the following hanks era no.

18. June 9, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 9, 1858

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[From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Seuthern Bank of Indiana, Terre Haute. The following banks have complied with the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by he reasure of State. Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par, as specified. The ten cent excess of securities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. " Brookville Bank, " " " Hoosier Bank, " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank Connersville. Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED BANKS. The notes of the following banks are re-

19. June 10, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 10, 1858

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[From the Indianapolis Sentinol, June 1st.) Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, attheir market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoll. Bank of Rockville Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Parmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshed. Sauthern Bank of Indiana, Terre Haute. The following banks have complied with the antended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City, Caual Bank, Evansvillo. Central Bank, Indianapolis-redeemed by ho reasure of State. Creacent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par as specified. The ten cent excess of securities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. " is Brookville Bank, " " Hoosier Bank, " Huntington Co.: Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Favette Co. Bank, redeemed at Branch Bank Connersville Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at FletchBauk, Indianapolis. SUSPENDED BANKS. This notes of the following banks are re-

20. June 11, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 11, 1858

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[From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville. Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Seuthern Bank of Indiana, Terre Haute. The following banks have complied with the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville. Central Bank, Indianapolis-ledeemed by be .reasure of State. Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par. as specified. The ten cent excess of securities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. " " : Brookville Bank, " " " Hoosier Bank. " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branoh Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank Connersville Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED BANKS. The notes of the following banks are re-

21. June 12, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 12, 1858

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[From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, attheir snarket value, to an amount not less than gifty thousand dollars, and ten per cent in 6X06SS of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville. Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank. Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Seuthern Bank of Indiana, Terre Haute. The following banks have complied with the amended law, but have since given not 06 of their intention to withdraw their circ ilation. Their notes are payable in coin: Bank of Indiana. Michigan City. Cambridge City Bank, Cambridge City. Canal Bank. Evansville. Central Bank. Indianapoiis-redeemed by be reasure of State. Crescent City Bank, Evanaville. The following banks are winding up volI utarily, and are redeeming their notes at T ir. as specified. The ten cent excess of se c aritios is retained by the Auditor: Bank of Elkhart, redeemed at the bank. .. " " Brookville Bank, " " " Hoowier Bank. " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletchone Bank. Bank of Monticello, redeemed at Branch I ank, Lafayette. Fayette Co. Bank, redeemed at Branch ] Bank Connersville Merchants' and Mechanics' Bank, redeem, I at Branch Bank. New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank. redeemed at Fletch(*'s Bauk, Indian ipolin. SUSPENDED BANKS.

22. June 18, 1858 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, June 18, 1858

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Indiana Free Banks. OFFICE OF AUDITOR OF STATE. 1 Indianapolis, April 1 1838 The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not legs than fifty thousand dollars, and ten por cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gesport. Bank of Mt. Vernon, Mt. Vernon Bank of Paoli, Paoli. Bank of Rockville, Wabash Bank of Salem, Salem. Bank of Salam, New Albany. Bloomington Bank Bloemington. Exchange Bank, Greenenstle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus Lagrange Bank, Lime. Parke County Bank, Rockville. Prairle City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, T. Haute. The following Banks have complied with the amended law, but have since given no. tice of their intention to withdraw their cir culation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville Central Bank, Indianapolis - redeemed by the Treasurer of State. Créscent City Bank Evanaville. The following Banks are winding up vul. untarily, and are redeeming their notes at par, ns specified. The ten per cent. excese of securities is retained by the Auditor: Bank of Eikhart, redeemed at the Bank. Brookville Bank, do do do do do do do do Hoosier Bank, Huntington Co. Bank, redeemed at the Bank. Indiana Stock Bank, redeemed at Fletch er's Bank. Bank of Monticello, deemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank, Connersville. Merchants' and Mechanics' Bank redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indiana Reserve Lark, redeemed at Fletch er's Bank, Indianapor. s.

23. November 3, 1858 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, November 3, 1858

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Indiana Free Banks. OFFICE OF AUDITOR OF STATE. , INDIANAPOLIS, Aug. 10. 1858. s The following banks have complied with the amended law of 1855. and have securities dept paosiwith the Treasurer of State, at their market value, to an amount not less than fitty thousand dollars, and ten per cent in excess of their circulation: Bank of Elkhart, Elkhart. Bank of Goshen, Goshen. Bank of Gosport, Gesport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, Salem. Bank of Salem, New Albany. Bloomington Bank Bloemington. Exchange Bank, Greencastle Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Ligrange Bank, Lima. Parke County Bank, Rockville. Prairie City Bank, Terre Haute. Salem Bank. Goshen. Southern Bank of Indiana, T. Haute. The following Banks have complied with the amended law, but have since given notice of their intention to withdraw their cir. culation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville. Central Bank, Indianapolis — redeemed by the Treasurer of State. Crescent City Bank Evanaville. The following Banks are winding up vul. untarily, and are redeeming their notes at par, ns specified. The ten per cent. exces of securities is retained by the Auditor: Brookville Bank, redeemed at the Bank. Hoosier Bank, do do do do Huntington Co. Bank, redeemed at the Bank. Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fnyette Co. Bank, redeemed at Branch Bank, Connersville. Merchants' and Mechanics' Bank redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indiana Reserve Bank, redeemedet Fletch. er's Bank, Indianapolis. SUSPENDED BANKS. The notes of the (ellemine Banks ---

24. November 11, 1858 Marshall County Democrat Plymouth, IN
Article from Marshall County Democrat, November 11, 1858

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Indiana Free Banks. OFFICE OF AUDITOR OF LTATE. Indianapolis, Nov. 1, 1858. The following Banks have complied with the amended law of 1855, and have sécurities deposited with the Treasurer of the State, at their market value, to any amount not less than $50,000, and ten per cent, in excess of the circulation: Bank of Elkhart, Elkhart Bank of Goshen, Goshen Bank of Gosport, Gosport Bank of Mt. Vernon, Mt. Vernon Bank of Paoli, Paoli Bank of Rockville, Wabash Bank of Salem, New Albany Bank of Salem, Salem Bloomington Bank, Bloomington Exchange Bank, Greencastle Indiana Bank, Madison Indiana Farmers' Bank, Franklin Kentucky Stock Bank, Columbus Lagrange Bank, Lima Parke County Bank, Rockville Prairie City Bank, Terre Haute Salem Bank, Goshen Southern Bank of Indiana, Terre Haute The following Banks have complied with the amended law, but have since gave notice of their intention to withdraw their circulation. Their notes are payable in coin: Farmers' Bank, Westfield Bank of Indiana, Michigan City Cambridge City Bank. Cambridge City Canal Bank, Evansville Central Bank, Indianapolis-redeemed by the Treasurer of the State Cresent City Bank, Evansville The following banks are winding up voluntarily, and are redeeming their notes at par, as specified. The ten per cent. excess of securities is retained by the Auditor. Brookville bank redeemed at the Bank. " " " Hoosier Bank, " " Huntington Co. Bank, " Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank Lafayette. Fayette Co. Bank, redeemed at Branch Bank Connersville. Merchants' and Mechanics' Bank, redeemed at Branch Bank New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank Indianapolis. SUSPENDED BANKS. The notes of the following Banks are re-

25. October 19, 1892 The Record-Union Sacramento, CA
Article from The Record-Union, October 19, 1892

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HOOSIER LESSON. The Bobtail Banking System in That State Tried. The Result of What the Democratic Party Demands a Return To. In addition to the startling presentation in the stateof Philadelphia wildcat banking speach, Major specific McKinley's ment below from the Indianapolis Journai should receive careful attention. It is not matter prepared for present campaign purposes, but embodies the report of the State Auditor of Indiana upon the collapse of free banking in that State in 1859. The Journal thus lays the case before the country: The semi-annual statement of the Auditor in ing of the of the Indiana, of the State, condition reported issued April, following free 1859, banks show- banks as their circulation: with having the following withdrawn outstanding securities, Brookville Bank, redeemed at the Bank of Brookville, $12,004; Bank of Syracuse, redeemed at the Bank of Goshen, $10,964; Merchants' and Mechanics' Bank, redeemed at branch of the New the branch Bank Fayette of of County the State, Bank, redeemed Albany, $1,037; at the State Bank at Connersville, Indiana at the of & redeemed John $1,688; Bohan Co., banking-house Kokomo, Reserve Bank, $1,190. the law at their These had pledged withdrawn banks, for their under stock that securities time, circulation, and had given a bond, with personal security only, for the redemption of their outstanding notes. The Sentinel of July 26th, commenting on this state of facts. said: "We learn that the Bank of the State proposes, after it has paid out and disposed of what it has on hand, to utterly of whatever and refuse this loss sharp to there receive financiering that kind paper. expense By may be in the redemption the not upon ere the of has the probably the notes bank. will fall As, rid upon of this, public, bank got what it may have had on hand, the public will have to shoulder the depreciation and delay attending the redemption of the paper." The law under which this free bank system was established was a Democratic measure, and several of the Democratic State officers of that day were in the business up to their eyes. The commercial article in the Journal of July 7, 1859, contains a list of speciepaying banks in Indiana, together with a list of suspended and broken banks, with the market value of their notes, as follows: Cents.