Bank of Vincennes - Vincennes, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Vincennes, Indiana (38.677, -87.529)

Metadata

Model: gpt-5-mini
Short Digest: c1b1f5a4

Response Measures

None

Description

The article (Wheeling Times and Advertiser, 1840-05-26) discusses settlement of accounts related to a late Receiver and a deed of trust from the Bank of Vincennes, indicating the bank had been placed in receivership earlier. There is no description of a depositor run in the text provided. Because a receiver is referenced and the bank appears to be in liquidation/settlement, I classify this as a suspension that resulted in closure (receivership). Date of the original receivership is not given in the excerpt; the newspaper date is 1840-05-26. No clear bank type is stated in the text, so I set it to unknown.

Events (1)

1. * Receivership

Newspaper Excerpt: paid out under a deed of trust from the Bank of Vincennes ... the late Receiver ... settle and adjust any other claims of the late Receiver, arising from the discharge of his official duty, upon the principles of justice and equity, and to credit amount thereof.
Source: newspapers

Newspaper Articles (1)

1. May 26, 1840 Wheeling Times and Advertiser Wheeling, WV

Article from Wheeling Times and Advertiser, May 26, 1840

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Article Text

EWING, 1118 predecessor two thousand and fifteen dollars and four cents, paid out under a deed of trust from the Bank of Vincennes, with commission on the same, amounting to thirty five dollars and fifty one cents; and the said accounting officers are hereby authorized to settle and adjust any other claims of the late Receiver, arising from the discharge of his official duty, upon the princi les of justice and equity, and to credit: amount thereof. Sec. 2. And be it further enacted, That, after the final adjustment of said accounts, the Secretary of the Treasury is authorized to allow to the legal representitives and heirs of said Receiver, the period of eighteen years to pay the amount which shall be found due from said Receiver. without interest, upon such terms as to the Secretary of the Treasury shall be decmed reasonable and equitable, by taking a lien on the estate of said Receiver, or such other security as, in his opinion, will secure the debt. [Approved, March 2d. 1831.] It is also due to the subject to state, that General Howard, now in Congress, from Indiana. and the Van Burea candidate for Governor, was the United States Attorney in the case, and he authorized two gentlemen in Indiana to value the estate of J. C. S. Harrison, who reported that the 200 and 600 acres of land was an ample indemnity for the debt. In the mean time, Gen. Howard has given authority to Gen. Harrison to sell the house and lot in Vincennes, to go to the apport of the grand children of theimmortal Pike, who have been reared and educated by the bounty of Gen. Harrison-a sacred duty which the nation ought to have discharged. Truly old Tippecanoe is like pure gold, the more he is rubbed the brighter he shines! Is not the foul slander now scattered to the winds, and is the Ham Iton Telegraph answered It seems, there are still left in the party some friends of Col. Johnson. capable of exhibiting an honest emotion and a spirit of independence. Among that number, we may include the editors of the Pittsburgh Contitutionalist, whe, though ardently attached to the Administration, do net hesitate to express the deep feeling which intrigue and treachery have excited. We copy the following article from that paper MORE TREACHERY. A faithful public servantlaid upon the shelf by South. ern intrigue and Northern craven-heartedness.-It is with feelings of burning indignation that we notice the meanness and political degradation of the cocalled Democratic (but more properly office-hunters') Conver tion held at Baltimore last week. It is time that fae independent press. of the true democratics speak out, when a body of men, professing to speak the wishes of the democracy of this Union, dare to hesitate when the question is between the gallant soldier and noble-hearted patriot now filling the chair of the VicePresidency and some one of the many intriguing spirits who aim at displacing him. Where was the free spirit of old Pennsylvania--pledged to support his renomination--when that sneaking artifice was employed in the Convention to remove the danger which they feared would attend the support of the noble Johnson? Were our delegates afraid that the chivalry of the South would bolt? Is Pennsylvania to be considered an appendage to the political despotism of Tennessee and Alabama? is Ohio. also, to be sold for Southern votes? Is Kentucky considered so certain for the onemy that we must insult her in the person of her gallant son? Are Indiana and Illinois conceded to Harrison, that we dare to remove their gallant defender to make way for a Polk or a King? It is well for the drills of the Convention that Mississippi was not represented or she would have spoken her rebake in tones of thunder. But the conspirators must beware. The States of the Mississippi Valley, that glorious belt of young giants, will not thus be imposed upon. New Hampshire, Arkansas, ay, and Pennsylvania, will teach these aspiring demagogues that it is one thing to plot, another to succeed. We feel that, with the name of Johnson, the crose of Martin Van Buren would have prospered; but (and let all mark the prediction) the Democratic Convention have placed a worm there that may eat away the vitals of success. We fear, even while we burn with shame: we doubt the future. because what can the People think of measures which they have for their guide. and leading object as well, to truckle at the footstool of Southern intollerance For our own part, the name of Richard M. Johnson. the People's candidate, still floats, and shall float the head of the Constitutionalist, a beacon to all who love to reward political virtue and noble achievementswhile we trust to make this paper a terror to the eraven dastards who dare to contrive political capital at the expense of the nation's honor. Richard M. Johnson is the choice of the Democratic party in all the States where the Democratic ticket can succeed. If. then, he is not elected. neither can Martin Van Baren. Mark the assertion, fellow-citizens, and remember it well when the Ides of November arrives!