6321. Trader's Bank (Terre Haute, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 15, 1854
Location
Terre Haute, Indiana (39.467, -87.414)

Metadata

Model
gpt-5-mini
Short Digest
dc78b51f

Response Measures

None

Description

Newspaper items (1854–1856) consistently list Trader's Bank, Terre Haute among 'suspended' Indiana free banks; the State Auditor arranged sale of securities (Oct 1855) and by Apr 1856 the auditor placed the bank 'in liquidation' with redemption instructions. No article describes a depositor run — events are regulatory suspension and liquidation. OCR typos corrected (e.g., Terre Hante -> Terre Haute).

Events (3)
1. November 15, 1854 Suspension
Cause
Government Action
Cause Details
Listed among Indiana banks 'under protest' and later described as one of the state's suspended/free banks; suspension by state banking authorities/auditor processes
Newspaper Excerpt
Seven more Indiana Banks under protest, viz: ... Traders Bank, Terre Haute;
Source
newspapers
2. October 29, 1855 Other
Newspaper Excerpt
on account of the Traders' Bank at Terre Hante. $2,160 Indiana State 5 per cent Stock ... sale Oct. 29 at the Merchants' Exchange, New York city, on account of INDIANA SUSPENDED BANKS - Traders' Bank, at Terre Haute; the securities ... will be sold at auction ... Oct. 29th inst.
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, 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 October next: ... Traders' Bank at Terre Haute;
Source
newspapers

Newspaper Articles (8)
1. November 24, 1854 The Kalida Venture Kalida, OH
Article from The Kalida Venture, November 24, 1854

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Article Text

bas Latest Banks Failed. The Bank of Circleville, Ohio, is said to have failed-also The Farmers' Bank, of Chicago, Ill. The Exchange Bank, Buffalo, N. Y. The Canal Bank, Cleveland, Ohio. The City Bank of Columbus, Ohio, suspended this morning. The Woodbury Bank, Woodbury, Con nec:icut, thrown out at the Suffolk Bank Seven more Indiana Banks under protest, viz: Wayne Bank, Logansport; State Stock Bank of Indiana, Peru; Upper Wabash Bank, Wabash; Perry county Bank, Cannelton; Steuben county Bank, Angola; Traders Bank, Terre Haute; Great Western Bank, Terre Haute, Look out for more soor!-Dye's Bank Mirror, Nov. 15th, 1854.

2. January 11, 1855 The Daily Minnesota Pioneer Saint Paul, MN
Article from The Daily Minnesota Pioneer, January 11, 1855

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Article Text

From the Crawfordsville Review. The Free Banks of Indiana. The following list of Free Banks of Indiana were reported in the recent Convention at Indianapolis, as specie paying banks: Hoosier Bank, Logansport; Prairie City Bank; Indiana Stock Bank, Laporte; Gramercy Bank; Western Bank, Plymouth; Canal Bank, Evansville; Fayette County Bank; Lagrange Bank; Bank of Indiana, Michigan City; Bank of Syracuse; Cambridge City Bank; Bank of Rockville; Salem Bank; Bank of Monticello; Crescent City Bank; Central Bank, Indianapolis, Indiana Bank, Madison; Bank of Goshen; Bank of Salem; Farmer's Bank of Westfield; Keutucky Stock Bank; Kalamazoo Bank; Bank of Warsaw; Bank of Mount Vernon; Bank of Paoli; Bank of Elkhart; Merch. and Mechanic's Bank, N. Albany. Bank of the Capitol; Trader's Bank, Indianapolis; N. Y. & Virginia Steck Bank, Evansville; Farm's & Mech's Bank, Indianapolis. The following resolution among others was adopted: Resolved, That we will receive and pay out the notes of the banks represented in this Convention as specie paying banks in all business transactions, and that we will in no case treat as par funds, the issues of any suspended bank whatever. The above list comprises all the banks covered by the foregoing resolution. It is thought that twenty or thirty more banks will acquiesce in the arrangements in a :week or two. Here is a list of those which the Indianapolis Journal says "have no place of doing business,-no owners in fact that anybody can find,-and don't redeem their paper in coin, currency, or exchange." Bank of America, Morocco; Bank of Connersville, Connersville: Drover's Bank, Rome; Elkhart county Bank, Goshen; Merchant's Bank, Lafayette; Orange Bank, Poseyville; Merchant's Bank, Springfield; Northern Indiana Bank, Logansport; Plymouth Bank, Plymouth: State Stock Bank, Logansport; " Peru; Trader's Bank, Terre Hante.

3. January 18, 1855 True American Steubenville, OH
Article from True American, January 18, 1855

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Article Text

FREE BANKS OF INDIANA.-At a convention of thirty of the specie paying free Banks of Indiana, held at Indianopolis, lately, the following resolution, among others, was adopted: Resolved, That we will receive and pay out the notes of the banks represented in this Convention, as specie paying banks in all business transactions, and that we will in no case treat as par funds the issues of any suspended bank whatever. The Indianopolis Journal gives a list of the following shaving shops which have no place of doing business, no owners that any body can find, and which do not redeem their paper in coin, currency or exchange: Bank of America, Morocco; Bank of Connersville, Connersville; Drover's Bank, Rome; Elkhart Co. Bank, Goshen; Merchant's Bank, Lafayette; Orange Bank, Poseyville; Merchants' Bank, Springfield; Northern Indiana Bank, Logansport; Plymouth; State Stock Bank, Logansport; State Stock Bank, Peru; Traders' Bank, Terre Haute.

4. October 10, 1855 Daily Davenport Gazette Davenport, IA
Article from Daily Davenport Gazette, October 10, 1855

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Article Text

SALE OF STOCKS OF SUSPENDED INDIANA BANKS.-The Indiana State Auditor gives notice that the securities held in trust for the redemption of the circulating notes of the Plymouth Bank, at Plymouth; State Stock Security Bank, at Newport; Traders' Bank, at Terre Haute; Drovers' Bank, at Rome; Farmers' Bank, at Sterling: Agricultural Bank, at Mount Sterling; and New York Stock Bank, at Vincennes-all of Indiana-will be sold at soction at the Merchants' Exchange, New York city, at noon on the 29th inst. These securities consist sist of Indiana and Pennsylvania fives and Virginia and Louisiana sixes.

5. October 11, 1855 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, October 11, 1855

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Article Text

Indiana Suspended Banks. The State Auditor has given notice that he shall, on the 29th instant, at noon, sell at auction, at the Merchants' Exchange, New York, the securities held in trust for the redemption of the notes of the following banks, viz: Plymouth Bank, at Plymouth ; State Stock Security Bank, at Newport; Traders' Bank, at Terre Haute : Drovers' Bank, at Keene; Farmers' Bank, at Vincennes.— The securities consist of Indiana and Pennsylvania fives, and Virginia and Louisiana sixes.

6. October 27, 1855 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 27, 1855

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Article Text

Financial R W. LATHAM. Auctioneer. PECIAL SALE-By order of the Hon. H. E. Tabett. Auditor of the State of Indiana. for account of INDIANA SUSPENDED BANKS.-1. THOMPSON'S Stock Auction Sales, on MONDAY, Oct. 29, at the Merchants' Exchange, at 12} o'clock, on account of New-York Stock Bank at Viscennes. $3 000 Virginia State 6 per cent Conpon Bonds. January Conpen off. on account of Plymouth Bank at Plymouth. $3,500 Indiana State 5 per cent stock. interest from let July, 1855 on account efthe Arricultural Bank. $2 tos Virginia per cent Couson Bonds, January Coupon off. $1 000 Louisiana State Bonds interest from 1st December, 1855. on account of State Stock Security Bank. $3,000 Indiana State 5 per cent Scock, interest from 1st July, 1855. on accenst ofthe Traders' Bank at Terre Hante. $2,160 Indiana State 5 per cent Stock, interest from let July, 1855. on sceennt of Drovers' Barl at Rome. $3,000 Indiana State 5 per cent Stock, interest from 1st July, 1855, en account of Farmers' Bank at Jasper. $3,000 Indiana State 5 per cent Stock, interest from let July, 1855, $3,500 Pennsylvania 5 per cents, with interest from let of August, 1855, All nurchases retast be paid for on or before 1 e'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 baiance. The secrued interest will go to the purchaser (the same as at the Board of Brokers,) except when otherwise stated. Office J. THOMPSON. No. 2 Wall-st.

7. October 29, 1855 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 29, 1855

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Article Text

R. W. LATHAM, Auctioneer. # SPECIAL SALE. By order of the Hon. H E. Tabott, Auditor of the State of Indiana for account of INDIANA SUSPENDED BANKS.-J. THOMPSON's Stock Auction Sales, on MONDAY, Oct. 29, at the Merchants' Exchange, at 12½ o'clock, on account of New-York Stock Bank at Vir cennes. $5 000 Virginia State 6 per cent Coupon Bonds, January Coupon off. on account of Plymouth Bank at Plymouth. $3.500 Indians State 5 per cent Stock, interest from 1st July, 1855 on account of the Agricultural Bank. $2100 Virginia 6 per cent Coupon Bonds, January Coupon off. $1 000 Louisiana State Bonds interest from 1st December, 1855, on account of State Stock Security Bank. $3,000 Indiana State 5 per cent Stock, interest from 1st July, 185, on account of the Traders' Bank at Terre Haute. $240 Indiana State 5 per cent Stock, interest from 1st July, 1854, on account of Drovers' Bank at Rome. $3.000 Indiana State 5 per cent Stock, interest from 1st July, 1855, on account of Farmers' Bank at Jasper. $3.000 Indiana State 5 per cent Stock, interest from 1st July, 1856. $3,500 Pennsylvania 5 per cents, with interest from 1st of August, 1855. 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 when otherwise stated. Office No. 2 Wall-st. J. THOMPSON.

8. 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.