5796. Bank of Bridgeport (Indianapolis, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 27, 1855
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini
Short Digest
edce7fa8

Response Measures

None

Description

Newspapers from 1855–1856 show the Bank of Bridgeport listed among suspended Indiana free banks; the Auditor of State ordered holders to return notes for cancellation and placed several banks in liquidation. No run or depositor panic is described. Suspension appears to have led to liquidation/closure by state authorities (government action).

Events (3)
1. July 27, 1855 Suspension
Cause
Government Action
Cause Details
Auditor of State notified holders to return circulating notes for cancellation and to determine outstanding circulation — official suspension by state authorities
Newspaper Excerpt
The Auditor of State notifies those holding the circulating notes of ... Bank of Bridgeport ... to return the same to the Auditor's Office, Indianapolis, for cancellation
Source
newspapers
2. August 22, 1855 Other
Newspaper Excerpt
The Auditor of the State of Indiana notifies those holding the circulating notes of ... Bank of Bridgeport ... 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.
Source
newspapers
3. 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 ... Bank of Bridgeport ... to have them at his office for redemption on or before the first day of October next.
Source
newspapers

Newspaper Articles (6)
1. January 18, 1855 Plymouth Banner Plymouth, IN
Article from Plymouth Banner, January 18, 1855

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Article Text

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. 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.