Bank of Fort Wayne - Fort Wayne, IN

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 18, 1855
Location: Fort Wayne, Indiana (41.131, -85.129)

Metadata

Model: gpt-5-mini
Short Digest: bf9e94e4

Response Measures

None

Description

Articles from Jan–July 1855 show Bank of Fort Wayne was listed among banks not paying their notes (discounted/held) in January 1855, and by July 1855 its paper was being redeemed / the bank had resumed payment (redeemed at Branch Bank, Indianapolis). No explicit contemporaneous report of a depositor run is mentioned in these items; therefore this is classified as a suspension (or suspension of payments) followed by reopening/resumption.

Events (3)

1. January 18, 1855 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Listed among banks making no payment of their notes; its notes were being received at heavy discount (indicating suspension of specie payments / inability to redeem).
Newspaper Excerpt: Bank of Fort Wayne, Fort Wayne... The following portion of the Third Class have been taken to day on deposit ... at FIFTEEN PER CENT. DISCOUNT.
Source: newspapers

2. July 4, 1855 Other

Newspaper Excerpt: Bank of Fort Wayne, redeemed at Branch Bank, Indianapolis; ... the suspended banks which have resumed and of those which are redeeming their paper: ... Bank of Fort Wayne, redeemed at Branch Bank, Indianapolis; (Daily Dispatch, 1855-07-04).
Source: newspapers

3. July 6, 1855 Reopening

Newspaper Excerpt: The following list of Indiana suspended free Banks have resumed payment: ... Bank of Fort Wayne, redeemed at Branch Bank Indianapolis.
Source: newspapers

Newspaper Articles (4)

1. January 18, 1855 Plymouth Banner Plymouth, IN

Article from Plymouth Banner, January 18, 1855

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The Bank of the Capitol and the Farmers and Mechanics' Bank to-day receive deposit par, only the bills of the following named Banks: CLASS NO. 1. Bank of Indiana, Michigan City, Bank of Syracuse, Syracuse. Bank of Rockville, Rockville, Bank of the Capitol, Indianapolis, Bank of Salem, (south.) Salem. Bank of Brookville, Brookville. Bank of Monticello, Monticello. Bank of Goshen, Goshen. Bank of Eikhart, Elkhart. Bank of Mt. Vernon, Mt. Vernon, Bank of Warsaw Warsaw, Cambridge City Bank Cambrdge. Central Bank Indianapolis. Central Bank Evansville. Crescent City Bank Farmers Bank Westfield. Farmers & Mechanics Bank Indianapolis. Fayette County Bank Connersville. Grammerey Bank Lafayette. Government Stock Bank Hoosier Bank Logansport. Indiana Bink Madison. Indiana Stock Bank Laporte. Kalamazoo Bank Albion. Kentucky Stock Bank Columbus. Lagrange Bank Lima. Laurel Bank Laurel. Merchants and Mechanics Bank New Albany. New York and Virginia State Stock Bank Evansville. Prairie City Bank, Terre Haute. Salem Bank, (north) Salem. Southern Bank of Indiana Terre Hiute. Savings Bank Connersville. Traders bank Indianapolis, CLASS NO. 2. Agricultural Bank Mt. Sterling. Bank of Rochester Rochester. Bank of Rensselear Rensselear. Bank of Rockport, Rockport. Bank of Perrysville Perrysville. Bank of Attica Attica. Bink of North America Clinton. Delaware County Bank Muncie. Farmers and Mechanics Bank Rensselear Green County Bank Bloomfield. Huntington county Bank Huntington. Indiana Reserve Bank Kokomo. N.Y. State Stock Bank Vincennes. Perry Co. B'k Cannelton. Pub. Stock Bk, Newport. People's Bk, Lima, Lima. Shawnee Bk, Attica, State Stock k.Jamestown. State Stock Security Bk,Newport. State Stock Bk Marion. Syracuse Bk Syracuse. Trader's Nashville. Tippecanoe Bk. Winnemac. Wabash River Bk. Jasper. Wabash River Bk Newville. Wabash River Bk.New Corrydon. Wabash Valley Bk,Logansport. Western Bk Plymouth. The First Class embraces those which redeem their bills in coin, The cond comprises those which have, at times. declined to pay Brokers and "Bank runners." but stocks, and whose proprietors give care and attention to them, Many of our business men have restricted their receipts to the First Class. Others are gradually curtailing the Second Class, and it is probable that, in a short time, all which are not by their owners made equal to those in the First Class by prompt redemption of their notes in spe. cie, will be rejected as uncurrent. The following named Banks are those which, it is understoon, make no pay. ment of theirnotes to any one. ana which are, most of them. secured by 5 per cent. Indiana Bonds. The discount at which their paper will be received, will depend on the selling price of their stocks in New York. The following portion of the Third Class have been taken to day on deposit at the Bank of the Capitol and the Farm ers' and Mechanics' Bank, at FIFTEEN PER CENT. DISCOUNT. Bank of Covington, Covington. Bank of South Bend, South Bend. Bank of Fort Wayne, Fort Wayne. Elkhart Co. Bank, Goshen, Farmers' Bank, Jasper, Northwestern Bank, Bloomfield. Steuben Co. Bank, Angola. Upper Wabash Bank, Wabush. Wayne Bank. Logansporte. Wayne Bank, Richmond Great Western Bank, Terre Haute. Starke Co. Bank, Knox. The following named have been re ceived 0.1 deposit to-day at the Bank of the Capitol and the Farmers' and Mechan ics' Bank, at THIRTY PER CENT. DISCOUNT, Bank of Albany, New Alb&oy Bank of T. Wardsworth, Michigan City, Bank of North America, Newport. Bank of Auburn, Auburn. Atlantic Bank, Jackson. Bank of Albion. Albion. Bank ofConnersville, Connersville. Bank of America, Morocco. Bank of Bridgeport, Bridgeport. Drovers' Bank, Rome, Merchants' Bink, Springfield. Merchants' Bank, Lafayette. :

2. July 4, 1855 The Daily Dispatch Richmond, VA

Article from The Daily Dispatch, July 4, 1855

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VIRGINIA. NEW PAPERS.-A penny paper has been started in Wheeling by R. J. Bollard, Esq. The Rev. S. D. Hopkins proposes to issue a paper in Richmond, to be called the Virginia Temperance Journal. The prospectus states that it will be printed in quarto form, on a sheet as large as the Whig and Enquirer, and will be mailed to subscribers at 82 per annum. It will be devoted to the advocacy and defence of the Sons of Temperance and the temperance reform. CROPs.-The Abingdon Virginian says that the crops in that region bave not looked better for years There is some complaint of the wheat crop in portions of the country, but it will be at least an average one. Corn, though a little backward, is strong and vigorous, and for the last week or two in this county has grown with remarkable rapidity. Oats and grasses are unusually heavy. The season, altogether, is a good one, the crops fair, and our people ought not only to be satisfied, but thankful. The Editor of the Abingdon Democrat says "We have recently travelled through the lower part of Washington county, from one end to the other of Scott, a considerable portion of Lee, and a good deal of Russell, and from personal observation, together with statements obtained from those who know more about such things than we pretend to, satisfy us that the crops of wheat throughout those regions will be remarkably fine The Oats have been revived by the late rains, and the young corn is 'spreading' itself." ACCIDENT-Mathias Peterson, a lad, was badly bruised in Petersburg, Monday by being thrown from buggy. NOBFOLK AND PETERIBUG RAILROAD.-These cond annual report of the N. & P. Railroad company has been published. The officers of the Company are Dr. F. Mallory, President, salary $2,000; Jos. H. Robertson E.q, Treasurer and Secretary, salary $1.000; Willim Mahone, Chief Engineer, salary 2,500; besides these there are fourteen engi neers. rodmen, &c., employed at salaries varying from $1,600 to $500 per annum. Only about one fourth of the original stock has been expended and a greater portion of that was right of way. SHIPMENTS OF VEGETABLES.-The steamship Roanoke on Saturday, took 3,000 barrels of vegetables from Norfolk for New York. MAIL ARRANGEMENTS.-The Lynebburg VirgiLian learns that the proposed carrying of mails along the lines of the Southside and Virginia and Tennessee Railroads by wagons, has been deierred until lat of August, and until then the rail. roads carry it at the price they demand. VIRGINIA GOLD.-The Penny Post has seen a lump of fine gold worth $1000 which was taken from the State Hill mines in Louisa last month. SINGULAR PHENOMENON.-A gentleman who arrived from Santa Clara yesterday relates the following: Some days since, an artesian well was being sunk near a frame house, situated a few miles distant from the town of Alviso, on the road leading from that place to San Jose. The boring rod had penetrated a thick layer of clay, at the depth of one hundred and sixty-four feet, when the operators left their work for dinner. Upon their return, after the lapse of an hour, R small stream of water was spouting from the bore to the height of about fifty feet, and with much difficulty a portion of the boring rod was withdrawn. One section of the rod remained in the bore, and finally this was thrown out with great velocity by the force of the water. A stream of pure water followed, gradually increasing in circumference as the earth was worn away by the constant flow of water, and when our informant left there was a steady discharge of water ristog to the height of six feet, from an aperture of about two feet in diameter. The surrounding flats were flooded by this stream, and it was found requisite to cut ditches to preserve the roads from inundation Sacramento Herald, June 1. A SLAVE FORCIBLY TAKEN FROM A BALLIMOLE VESSEL Young America, Captain Rodgers, of Baltimore, recently arrived at Savanna la Mar, Jamaica, having on board a slave steward named Anderson, who said he belonged to a Mr. Robinson. On arriving in port, the Captain, it is said, knowing thatif the slave landed on Brilish soil he would become free, took great pains to keep him on board, and to prevent communication with any one on shore. By some means, the report that a slvae was on board got wind, and the inhabitants became terribly excited, calling upon the magistracy to Interfere and obtain the man's release. The magis. trate were in donbt, and considered 1 the duty of the Custom's officers to demand the liberation of the slave. The consignee of the vessel, Mr. Mason, a magistrate and a member of Assembly, 1s reported to have said "that the people had better look sharp what they were doing, or they might cause another Greytown scene that the Americans would send a vessel into the harbor, and send the into town bombs ing The people not being intimidated, seeing that the authorities would not interfere, took the matter into their own hands, manned their canoes, and made for the brigsntine. Five stalwart negoes first boarded her by main force, and seizing the slave, bore him off in triumph. When the man reached the shore the people cheered vociferously, and if the Captalo had not been careful of himself, he would have been 88saulted. The only inagistrate who took any active part in the affair, was Mr. Justice R. F. Thomas.He, to prevent an assault on the Captain, dreading from the great excitement that such would have been the result, hastened to the beach and received the liberated man with these words Are you 8 freeman or slave? am a slave,' was the re ply. Then,' said Mr. T., 'in the name of her Majesty the Queen, now declare that you are freeand at liberty, having landed on British soil The U. S Consul at Kingston has laid the lacts before the Governor of Jamaica. and demanded the punishment of the negroes for foreibly boarding an American vessel, and abducting one of her crew. The Consul cautions American shipmasters against shipping negroes in vessels coming to the island. It is a constant source of trouble and inconvenience, as they almost invariably desert INDIANA FREE BANKS.-The Auditor of Indiana announces that the circulating notes of the North Western Bank of Bloomfield and of the Steuben County Bank of Angola, are redeemed at his office The following is a list of the suspended banks which have resumed and of those which are redeeming their paper: Shawnee Bank. at Attica, resumed Bank of South Bend, do: Tippecanoe Bank, do; Bank of Fort Wayne, redeemed at Branch Bank, Indianapolis; Upper Wabash Bank Stark County Bank; Bank of Rockport; North Western Bank: Steuben County Bank, redeemed at office of Auditor of State; Great Western Bank, redeemed at Terre Haute. OPIUM EATING.-This destructive and degrading habit seems to be attracting the attention of the press through the country generally. The Cio cinnati Sun learns from a druggist, that among his customers for opium is a girl as young as fourteen years, who is fastfalling a victim to the pernicious habit. The Louisville (Ky) Courler relates an instances still more sad. It says: We know a youg gentleman of this State, (descended in the maternal line from a disringuished Governor of our Commonwealth, and whose paternal ancestors filled several diplomatic and civil stations in the service of the country,) who was enticed by the fascinations of opium, and finally became 80 addicted.to.ite

3. July 4, 1855 The Daily Dispatch Richmond, VA

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INDIANA FREE BANKS.- The Auditor of Indiana announces that the circulating notes of the North Western Bank of Bloomfield and of the Steuben County Bank of Angola, are redeemed at his office The following is a list of the suspended banks which have resumed and of those which are redeeming their paper: Shawnee Bank. at Attica, resumed Bank of South Bend, do: Tippecanoe Bank, do; Bank of Fort Wayne, redeemed at Branch Bank, Indianapolis ; Upper Wabash Bank Stark County Bank: Bank of Rockport; North Western Bank: Steuben County Bank, redeemed at office of Auditor of State; Great Western Bank, redeemed at Terre Haute.

4. July 6, 1855 Indiana American Brookville, Indianapolis, IN

Article from Indiana American, July 6, 1855

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The following list of Indiana suspended free Banks have resumed payment: Shawnee Bank, at Attica. Bank of South Bend. Tippecanoe Bank. Bank of Fort Wayne, redeemed at Branch Bank Indianapolis. Upper Wabash Bank. Stark County Bank. Bank of Rockport. North Western Bank. Steuben County Bank, redeemed at office of Auditor of State. Great Western Bank, redeemed at Terre Haute.