6012. Indiana Stock Bank (Laporte, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 7, 1857
Location
Laporte, Indiana (41.611, -86.723)

Metadata

Model
gpt-5-mini
Short Digest
5a0bafb3

Response Measures

None

Description

Newspaper items show the Indiana Stock Bank (LaPorte) was listed as 'withdrawing their circulation' in Oct 1857 and reported as having 'failed' a few days before the Jan 28, 1858 article. No explicit run is described; the bank appears to have suspended/failed permanently.

Events (2)
1. October 7, 1857 Other
Newspaper Excerpt
Those marked with a * star are withdrawing their oirculation. *Indiana Stock bank, Laporte.
Source
newspapers
2. January 1, 1858* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failure/insolvency reported; depositors affected by the bank's failure.
Newspaper Excerpt
Some excitement, we learned, had been occasioned among the depositors, on account of the failure of the Indiana Stock Bank, at that place, a few days previous.
Source
newspapers

Newspaper Articles (3)
1. October 7, 1857 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, October 7, 1857

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Article Text

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:

2. October 9, 1857 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, October 9, 1857

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Article Text

furnishes 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 little or nothing; SPECIE PAYING BANKS. Bank of the State of Indiana and branches. Brookville bank, Brookville. Bank of the Capitol, Indianapolis. Bank of Elkhart, Elkbart. 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. Moosier 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 speeie-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 circulation. 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 e Crescent city bank, Evansville. SUSPENDED AND BROKEN BANKS. The following list embraces the suspended free banks of Indiana, whose issues are rer deemed by the auditor at the rate affixed to each, except where another place of redemption is named in the list : bank M. Stanling

3. January 28, 1858 Marshall County Republican Plymouth, IN
Article from Marshall County Republican, January 28, 1858

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Article Text

boys. After forming ranks and performing a few evolutions, which were executed in a very handsome manner, both companies marched out to the common, where they were drilled by the officers for some time. Wedid not follow them out, for fear they might find out that we had once been a field officer, and call upon us to drill them awhile; which honor we sho uld have felt compelled to decline, having forgotten what little we ever did know about military tactics. Some excitement, we learned, had been. occasioned among the depositors, on account of the failure of the Indiana Stock Bank, at that place, a few days previous.Most of the depositors were farmers. This failure is undoubtedly more severely felt by the business men of Laporte at this time than any other, but we were glad to hear them express a hope that times would soon get easier. Stepping into the "Old Line" establishment, we were gratified to see such a large stock of Drugs, Paints, &c., &e., in one department, and Books, Stationery and Crockery, of every description an 1 quality, in the other. Even now, hard as th times are, this house does a heavy business. Country dealers will find it to their advantage, we are assurel, to trade with Mr Roberts. Messrs. Wil.son, Andrew & Co., whose establishment we next popped into, also keep a fine assortment of Drugs, Medicines, Paints, Oils, and all ar ticles in their In and offer liberal inducements to countr y merchants and others to trade with them At the Young America Store as well as. the Bee Hive, the goods, in any quantity and every quality, were displayed on the counters and shelves to attract and dazzle beholders. Those who want unprecedentel bargains can get them at either of these houses. Mr. STRONG, though not in when we called 1, we observed, by looking round his new house, that it was stocked from the floor to the ceiling. all round, with all kinds of goods in his line. Mr. Strong is a liberal trader and keeps a fine stock. The Teegarden House has changed proprietors since we were in the city last.-Mr. J. D. Phelps, is now the Major Domo of the establishment, the duties of which he discharges to the entire satisfaction of all his guests. It is now a tip top house, and worthy the patronage of the traveling public. Last, though not least, we called to see our friends, Messrs. Milligan & HOLMES, of the Union, both royal fine fellows and genuine Republicans. We were fortunate in finding them in their sanetum, where we talked over the affairs of the nation, and adjourned, after the adoption of a resolution, nemine contradicente, to contend earnestly for the principles of the immortal Declaration of Independence, and battle the pro-slavery party with increased energy and zeal. The weather keeps mild. No snow.