National Bank (Vicksburg, MS)

View Charter #803 on SPMC View balance sheet

Episode Information

Episode UID
80300810
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
8030 national
Charter Number
803
Start Date
June 21, 1867
Location
Vicksburg, Mississippi (32.353, -90.878)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
95cd4190ffcb8500

Response Measures

None

Receivership Details

Depositor recovery rate
49.2%
Date receivership started
1868-04-24
Date receivership terminated
1882-11-25
OCC cause of failure
Fraud
Share of assets assessed as good
22.9%
Share of assets assessed as doubtful
53.1%
Share of assets assessed as worthless
24.0%

Events (8)
1. February 14, 1865 Chartered
Source
historical_nic
2. June 21, 1867 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Officers stated the bank could not meet obligations without a $25,000 loan; prospective capitalist refused after examining the bank's condition.
Newspaper Excerpt
Bankers here ... have intelligence that it has suspended. ... officers of the bank asserted that if they could borrow $25,000 they could meet their obligations.
Source
newspapers
3. January 18, 1868 Receivership
Newspaper Excerpt
The Court has appointed David B. Rundle receiver, who will adjust the affairs of the institution as speedily as possible.
Source
newspapers
4. January 18, 1868 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Official report of suspension and appointment of a receiver indicates insolvency/ inability to pay depositors.
Newspaper Excerpt
BANK SUSPENSION IN VICKSBURG.-The First National Bank of Vicksburg has suspended.
Source
newspapers
5. January 24, 1868 Other
Newspaper Excerpt
This bank ... has been taken possession of by Mr. Moses Bates ... authorized by the controller and secretary of the treasury of the United States to close up its affairs.
Source
newspapers
6. April 24, 1868 Receivership
Source
historical_nic
7. May 25, 1868 Other
Newspaper Excerpt
The Controller of the Currency has declared the bonds to secure circulation deposited ... forfeited to the Government, that bank having failed to redeem its notes.
Source
newspapers
8. September 20, 1873 Other
Newspaper Excerpt
the comptroller of the currency ... is paying ... thirty-five per cent. to the creditors of the national bank of Vicksburg.
Source
newspapers

Newspaper Articles (22)
1. June 22, 1867 The Evening Telegraph Philadelphia, PA
Article from The Evening Telegraph, June 22, 1867

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Another National Bank Collapsed. LOUISVILLE, Ky., June 21.-Bankers here who hold balances against the First National Bank of Vicksburg, have intelligence that it has suspended. It is reported that the officers of the bank asserted that If they could borrow $25,000 they could meet their obligations. A capitalist offered to assist them, but on examining the condition of the institution refused; and common report says they have suspended. Bankers in this city holding collection drafts against the bank have telegraphed to inquire if they have been honored, and receive no answers.

2. June 22, 1867 The New York Herald New York, NY
Article from The New York Herald, June 22, 1867

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EUROPE. By special telegrams through the Atlantic cable we have nows from England and Ireland dated In London, Birmingham and Dublin yesterday, June 21. Birmingham remained tranquil, but the city police were still armed and some hundreds of special constables retained on duty. The anti-Popery lecturer held forth each evening and a renewal of the disturbance was expected. Queen Victoria held a court at Backingham Palace. Stephen Joseph Meany, convicted of treason-felony in Ireland, was sentenced by the court in Dublin to fifteen years' imprisonment. He protested against his trial, and claimed the protection of the United States government. He was indignant at the "base overtures" of the British government-the officers having reported him to turn informer against the naval Fentan party just landed in Waterford, and promising to liberate him in six months If be pleaded guilty. He denied that he was ever in the pay of the Fenians in America The nows report by the cable is dated yesterday even. ing. June 21. Two hundred armed Italians had thrown themselves into the city of Rome. It was supposed they intended to proclaim a republic, but failed, and forty-Ave of them were laid in prison. The Sultan refuses, it is said, the collective proposition of France, Russia, Prussia and italy relative to an adjustment of the Candian question, as Omar Pasha reports that he can subjugate. the Cretans by force of arms. The Czar orders a suspension of the confiscations in Poland. The Emperor of Austria proclaimed a general amnesty-which includes Kossuthfor political offences. The French government has decided to reduce the army. Consols closed at 941/4 for money in London. Five. twenties were at 73 in London and 77% in Frankfort. The Laverpool cotton market was steady, with middiing uplands at 11 1/dd. Breadstudfs improved. Pro. visions without marked alteration. MISCELLANEOUS. President Johnson and suite left Washington yesterday morning en route for Boston, to take part in the dedication of the Masonic Temple at the last mentioned place, on Monday next. The Presidential party reached this city yesterday afternoon. The incidents of the journey are graphically described elsewhere in the HERALD of this morning. The session of the State Convention yesterday was mainly devoted to the reception and reference of resolutions to the appropriate standing committees. The propositions offered embraced the questions of general laws for the incorporation of cities, representation in the Legislature, female and Indian suffrage, suppression of the liquor traffic, and calls for information on a VAriety of topics. The Convention finally adjourned till Monday evening, at half-past seven o'clock. Reports of the intended resignation of Mr. Stanton, Secretary of War, are again current. Variance of opinion with the President and members of the Cabinet as to the instructions to military commanders in reference to the Reconstruction acts 18 alleged as the immedate cause of Mr. Stanton's retirement. The trial of Surratt was continued yesterday. The testimony taken was corroborative of the evidence already presented in support of the point that the accused was in Washington on the day of the assassination of President Lincoln. A special telegram from New Orleans announces the appointment of Marcus Otterbourg as United States Minister to Mexico. Mr. O. has heretofore filled the post of Consul at the city of Mexico. The failure of the First National Bank of Vicksburg, Miss., is reported. It is furthermore reported that the national banks are raising a fund of between two and three million dollars to be devoted to silencing Congressional opposition to their monstrous monopoly. Twelve deaths by yellow fever recently occurred on board a steamer which had arrived at Hilton Head, S. C., from Havana. Despatches from Omaha, Nebraska, mention a fight between sixty white men and from one hundred to one hundred and fifty Indians, on the 12th inst., at O'Falon's station, in which nine Indians are supposed to have been killed, while the whites sustained no loss. One soldier was recently killed and seventy-two horses and mules stolen by the Indians at Hugo station. Between the North Platte and Denver City the Indians were peaceable, but between the last mentioned point and Fort Laramie continued trouble is reported. The argument before the Supreme Court, General Term, on the motion to confirm the report of the Commissioners of Estimate and Assessment in the matter of the extension of Church street was concluded yesterday. The Court reserved its decision. In the appeal from the taxation of costa in the matter of the opening of Church street, which had been taxed $84,000, Mr. Justice Ingraham yesterday rendered a decision setting aside the taxation as already made and ordering a retaxation. The further hearing in the case of Charles Potter, Captain of the bark Eagle, who 18 charged with murder on the high seas, was continued yesterday before United States Commissioner Jones, in Brooklyn. The second mate of the vessel gave his testimony, when the case was further adjourned. In the United States Circuit Court, Eastern district, before Judge Benedict, yesterday, Jacob Dubernell, a government watchman in a distillery, was convicted of bribery, in accepting a sum of money to allow a third party to commit a fraud on the United States. This is the first case of the kind which has been tried in any of the United States Courts under the Internal Revenue act, The Inman steamship City of Antwerp, Captain Mirehouse, will sail at noon to-day from pier us North

3. June 23, 1867 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, June 23, 1867

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FROM LOUISVILLE. NEW YORK, June 22. The Herald's Louisville special says that a New York National Banking house recently sent out circulars assessing all the National Banks one sixteenth per cent. on their capital, to form a fund to buy up Congress and defeat the opposition of the monopoly. Should all the banks respond the fund will amount to over two million dollars. I have seen the circular. Bankers here, who hold balances against the First National Bank of Vicksburg, have intelligence that it has suspended. It is reported that the officers of the bank asserted that if they could borrow $25,000 they could meet their obligations. A capitalist offered to assist them, but upon examining the condition of the institution refused, and common report says that they have suspended.

4. June 23, 1867 Nashville Union and Dispatch Nashville, TN
Article from Nashville Union and Dispatch, June 23, 1867

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BY TELEGRAPH NOON DISPATCHES. National Banks and Congress. LOUISVILLE, June 22-A New York national banking house recently sent out circulars assessing all the national banks one-sixteenth per cent. on their capital, to form a fund to buy up Congress, and defeat the opposition of the monopoly. Should all the banks respond the fund will amount to over two millions of dollaas. I have seen the circular. Bankers here who hold balances against the First National Bank of Vicksburg, have intelligence that it has suspended; it is reported that the officers of the bank asserted, that if they could borrow twenty-five thousand dollars they could meet their obligations--a capitalist offered to assist them but upon examining the condition of the institution refused, and common report says they have suspended.

5. June 24, 1867 The Evansville Journal Evansville, IN
Article from The Evansville Journal, June 24, 1867

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NEW YORK, June 22.-The Herald's Louisville special says: A New York National Banking house recently sent out circulars as sessing all the National Banks 1-16 per cent. on their capital, to form a fund to buy up Congress and defeat the opposition of the monopoly. Should all the banks respond, the fund will amount to over two million dollars. I have seen the circular. Bankers here who hold balances against the First National Bank of Vicksburg have intelligence that it has su pended. It is reported that the officers of the bank asserted that if they could borrow $25,000 they could meet their obligations. A capitalist offered to assist them, but upon examining the condition of the institution, refused, and common report says they have suspended. NEW YORK, June 22.-The President, in reply to an address presented by a Committee of the Constitutional Union, last evening, said: Geutlemen-Ireturn you my sinèèrè thanks for this cordial welcome. I think I know how to appreciate a welcome of this kind from my fellowcitizens, and would be doing injustice to myself to say that I could be to the cordial reception me ou this indifferent given occasion. myself, I Accept- will ing the allusion to say that think that in my past conduct, both in my acts and measures, I have reciproca*ed and answered to every principle. you have put forth.' Mr. Seward-" That is the way to do it. The President continuing, and this makes it unnecessary. it seems to me, to assent further to this oration, by saying that my past conduct shows that I assent to everything. It would seem that through my whole life I have made it an object to pursue those principles, and act up to them, and in 80 doing, I could do nothing wrong. The Herald's New Orleans special says Mr. Atterburg, just appointed Minister to Mexico, last Fall went to Washington ostensibly to confer with the State Department, but in reality to negotiate for their recognition of Maximilian for which it is stated he received a handsome sum from the Imperialists alope. The total cost of registration in Louisiana up to the present time, is $36,000. The President has requested Gen. Sheridan, by telegraph, to extend the time for registration in Louisiana to the 1st of August. Gen. Sheridan proposed to close it on the 10th of July, Sixty-nine thousand black and white voters have been registered in the State at last advices. The total number of voters registered in Louisiana up to the 16th inst., the last date received, have been 69,111, of which 44,779 are colored, and 24,525 are white. This number largely exceeds the vote polled in that State at the Presidential election in 1860. The Tribune's special says General Beauregard in conjunction with the First National Bank ring in New Orleans, and a few of his personal seconds, have been attempting a little game of sharp practice on the government, which has fortunately failed

6. June 24, 1867 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, June 24, 1867

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are been rendered number of families mated I which at about one homeless hundred The loss is esMiles Foreman, the colored covered by insurance. arvis and robbed Misses in The Norfolk county, Va., has Ballance and ured. ho waylaid about $50,000 thousand doll highwayman, of them Indies were attacked on been the caphe two robhed nearly drowned in road, living in he gentlemen of seventy-five or a ditch, ne he eighty dollars. and ighwayman urned scene out, where and down the alter robbery a the short neighborhood was hunt committed ran the of i sewing machine is likely an invention recently to have a rival apparel of all by which yearing The and secured perfected, him. oats, vests, skirts, ladies' pantahe etc, are both Woven bous, ven same etc., time The sewing kinds-shirts, mantles, of the and sewed jackets, at mooth stronger an even than and hand sewing, and seams is my ewed other of any pattern, of wool, silk, are woven have is stated that the Various Catholic hat It material. the articles cotton, perfectly bishops and or sailed from the U. 8. Iredth in celebrating at Rome the to Europe Peter, of the martyrdom asiat which anniversary eighteen hun- to arried with takes place in a few of St. them about $400,000, days, This, added to the as funds America, makes up the from and mail train using West on the nearly South the The Pope. Wilmington, $1,000,000. donation large Manchester sum have for of the N.C., railroad, broke work near Peacock's station night, and J. D. Harrelson, on and a section master, overseer Several arday the hands, trestle Were killed. through Sat- of other Were injured. le the heavy rains, Fifty feet over Stewart's creek, the on and Weldon railroad, was washed on caused erday Mareus work morning. by Theaccident Wilming- away of tres- yes- was Otterbourg, who has been to Mexico, was formerly a Wisconsin, where he edited man republican paper and a GerHe was, in 18G1, practised law minister Milwankee, 1860. city of appointed resident appointed consul of in to has Mexico by President at his post ever or two brief absences. He is young one the On remained Friday man. since, Lincoln, with quite and but a morning last, a lire broke distillery, Greenwich out and occupied by Hoffman the York, is achohol The owned street, & Cur- New in has watchman in charge of the building not been lound, and it is feared that he perished in the flames. The loss on very heavy and is estimated the damage to building at lixtures 000, Bankers and is $20,000. stock at $90,- and who hold balances against the National that it Bank of Vieksburg have intelligence First has suspended. It is reported that the bank asserted that if $25,000 they could meet their borrow officers ions. of they obliga- could the on A capitalist offered to assist them, refused. examining the condition of the institution, but Organizations to be known by the he "Lincoln National Temperance name Associa of ion," the plan of organization of which suggested by Maj. Gen. O.O. Howard, was beamong the colored Alexandria, and of the entire ng by District, formed people South are of the persons in the employ of the freedmen's bureau. The little yacht John T. Ford, built by Cape Charles W Gold for a voyage across the At antie, sailed from Baltimore on Saturday al ernoon She is the smallest vessel a voyage across the undertook Atlantic. that ever She in Roads a stormy passage in the who was tried recently in the revived ad Pippin, Hampton yesterday, Chesapeake having Circuit bay. Court of Talbot county, Md., as being accessoy in the murder of J. Edwin at last year, was lung night, in Queen Anne's Church in this Thursday Hill by Roberts, fifteen county men case of lynch law has created much exitement. The German papers announce the death of a lan who was so devoted an admirer of Cerantes that he spent nearly the whole of his fe and a considerable fortune in collecting very edition of "Don Quisora" which has een published in Europe since its first apearance. The planters of South Carolina report that he incessant heavy rains of the last five days ave materially injured the cotton crop along he seaboard. It is fea.ed the rains for the eek will seriously injure the wheat Therain 9 general throughout Georgia and the Carohas. Many persons believe that the Rev. Eleazar Villiams was the Dauphia or lost Bourbon Prince, Louis XVII A son of Mr. Williams, amed John, instead of occupying the French hrone, is captain of a steamboat on Lake Vinnebago. Birth cards are now issued in Paris circles of ashion after the following style "Monsieur the honor to inform of look placa day before irth, X which has yesterday. you his le and his mother are as well as may be exnoted

7. June 24, 1867 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, June 24, 1867

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New York Specials. NEW YORK, June 22.-The Herald's special says: A New York National Banking House recently sent out circulars assessing all the National Banks one-eighth per cent. on their capital, to buy up Congress and defeat the opposition of the members. Should all the banks respond, the fund will amount to over $2,000,000. I have seen the circular. The Bankers here who hold balances against the First National Bank of Vicksburg, have intelligence that it has suspended. It is reported that the officers of the bank ascertained that if they could borrow $25,000 they could meet their obligations. A capitalist offered to assist them, but on examining the condition of the institution refused, and common report says they have suspended. NEW YORK, June 23.-The Herald's special says it is asserted in Washington that Secretary Stanton intends to resign. Gen. Sheridan telegraphed to Gen. Grant declining to extend the time of registration in Louisiana, in compliance with the President's conditional instructions, on the ground that the registration has been completed, and he did not feel like keeping up expensive board to suit new issues coming in at the eleventh hour. He characterizes the Attorney General's opinion as opening a broad road for perjury and fraud to travel on, and remarks upon the President's letter as an antagonism to the reconstruction law. If, after this report the time is to be extended, he desires to be notified, and it will be obeyed. He would do it at once, but the President's telegram was conditional. Gen. Sickles has written to Senator Wilson that the appropriation for the expense of reconstruction is entirely inadequate, and the funds devoted to his district are already absorbed. The Treasury department has declined to assist him with funds. The full sum appropriated was halfa million, and is required for the Carolinas alone.

8. June 26, 1867 North Iowa Times McGregor, IA
Article from North Iowa Times, June 26, 1867

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News and Items. An English magazine has coined the word statal, to designate all things relating to a State, in the same way that "national" characterizes those of a nation and "municipal" those of a city The archbishop of Paris is to be made a cardinal. English photographers take pictures of cannon balls as they leave the mouth of the piece California and Oregon each claimed the ,highest mountain in the U.S. Oregon is found to be the winner, Mt. Hood being 17,600 feet high while Mt. Whitney in California is only 15,000. Mrs. Lincoln intends to make Racine her future home In two wards of Petersburg, Virginia, the registry stands whites 651, colored 1,638 The Dubuque Herald says Capt. P. W. Crawford has been made U.S. deputy marshal for northern Iowa, vice Jesse Harrison, resigned. Gratitude for kindness shown, acknowledgment for favors received, are unerring marks of good breeding, and indications of Christian character The Iowa State Dental Society meets at Lyons, on Tuesday, July 9th and will hold two days' session The population of Boston exceeds that of Rhode Island John Tyler, Jr., son of the late ex-PresiThe uncollectable dent, is lecturing whisky tax in Cincinnati amounts to nearly eight millions The military tailors of London have followed their civil brethren of the same craft and have struck. Nine They number about five hundred hundred and thirty-four emigrants have left the United States for Liberia within seven months. They went from six States -Pennsylvania, Maryland, Va., North Carolina, South Carolina and Tennessee. About twenty trades are represented The dignitaries in the shape of senators who visited the plains, recently, think that the most of the Indian troubles are caused by designing men who do it for selfish purposes-contractors &c A diamond weighing between twenty-one and twentytwo carats, it is reported, has been found on the Orange river, in Southern Africa. The Government at the Cape of Good Hope has taken the matter in hand, and we shall soon know whether that is to be, as predicted, one of the diamond-producing countries of the world. Maj. Gen. Pope telegraphed Wednesday to General Grant that it is untrue that a negro has been appointed in the municipal government of Mobile, and says that tbe offices are filled by the best men in the city A ritualistic riddle : Why was Eve the first Ritualistic convert? Because she began by being eve-angelical, and endThe people ed by taking to vestments. of Central City, Colorado, have subscribed $5,000 to be paid for Indian scalps, "with the ears on," at the rate of $20 Rock Island claims that she will apiece have the finest fair grounds and trotting course in the State To enforce the practice of vaccination a bill has been introduced into the British Parliament. Its provisions are very stringent. It is estimated that ten thousand people died of small pox in Great Britain last year Queen Victoria and the Emperor Napoleon have asked our government to intercode in behalf of Maximilian. President Juarez has been informed of the fact. It is not true, as stated, that the secretary of state has made a formal demand that Maxof imilian's life be spared A successor Minister Campbell of Mexico will not be appointed for the present, there being no immediate necessity Broadway, New York, is to be repaved The First National Bank of Vicksburg has suspended operations A serious epidemic is reporThe cated to be prevailing in Ireland. ble which was recently repaired is found to Spain will work visit admirably Paris and Rome The Queen in July of The Sublime Porte has consented to the proposition of the great powers commission. for referring the Candian question to a

9. June 27, 1867 Marshall County Republican Plymouth, IN
Article from Marshall County Republican, June 27, 1867

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It is reported in New York that the First National Bank of Vicksburg has suspended.

10. January 18, 1868 Public Ledger Memphis, TN
Article from Public Ledger, January 18, 1868

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BANK SUSPENSION IN VICKSBURG.-The First National Bank of Vicksburg has suspended. The Times says: Depositors and creditors will be secured against loss, as they are paid before stockholders, and, if necessary, the latter are assessed to make good any balances due creditors of the bank The Court has appointed David B. Rundle receiver, who will adjust the affairs of the institution as speedily as possible. We were told that another concern, known as the Freedmen's Savings Bank, would be compelled to suspend, as they had a balance of $4600 on deposit at the First National, but afterwards learned that the Savings Bank would endeavor to continue in operation by making partial payments of their indebtedness, until they recover the amount locked up in the National Bank.

11. January 24, 1868 The New Orleans Crescent New Orleans, LA
Article from The New Orleans Crescent, January 24, 1868

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FIRST NATIONAL BANK OF VICKSBURG.-This bank, the suspension of which we announced several days ago, has been taken possession of by Mr. Moses Bates, recently of this city, who has been authorized by the controller and secretary of the treasury of the United States to close up its affairs. Mr. Bates is now in Vicksburg, engaged in that duty.

12. February 14, 1868 Dodgeville Chronicle Dodgeville, WI
Article from Dodgeville Chronicle, February 14, 1868

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CLIPPINGS AND DRIPPINGS. Miscellaneous Items. -South Malden, Mass., takes the name of Everett. -Burglars have committed depredations in Sitka. -There are over 1,000 insane in Ohio unprovided for. -Seward Territory is the name now given to Alaska. -The First National Bank of Vicksburg has suspended payment. -Eighteen prisoners escaped from the jail at St. Joseph, Mo., on the 1st. -Twelve convicts in the Maine State Prison are under sentence of death. -The New Orleans Times says there are seven thousand Jews in that city. -Of the 489 children born in New Bedford, Mass., last year, 241 were males. -Two men have agreed to skate one hundred miles on the Hudson, for $1,000 a side. -A lame beggar in New York is worth $65,000, which is securely invested in real estate. -William B. Astor's real estate is said to increase about $2,000,000 a year by the natural advance. -A frosty bachelor of 60 has sued a blooming damsel of 18 for breach of promise, at St. Paul. -A coachman in Dubuque has suddenly and unexpectedly inherited $250,000 by the death of an uncle in Ireland. -An athlete in Chattanooga, has carried a barrel of flour under each arm upwards of 60 metres-two hundred feet. -A guest at a recent wedding in Albany is missing. His glove has been found near a pond, which fact led to sad impressions. -A child was lately born in Lake City, Minn., which weighed 18% pounds at its birth. The happy mother is a German woman. -In New Jersey the Secretary of State reports that during last year there were 17,387 births, 6,127 marriages, and 9,458 deaths. -In Norwich, Conn., a merchant lately ended a letter to his sweetness with these words: Received payment," and signed his name. -Three hundred and twenty-eight thousand and ninety dead of the Union armies now lie buried within the National cemeteries. -A horse in Binghampton, N. Y., was driven twenty-four miles in one hour and forty minutes-averaging a mile in less than five minutes. -An Alabama lady by mistake put arsenic in her dough instead of soda, and killed the whole family-herself, husband, and three children. -New Jersey is determined to suppress prize-fighting. A bill has been introduced into the Legislature, making the business a capital offense. -George A. Osgood, son-in-lnw to Commodore Vanderbilt, has been compelled to pay a Mrs. Moody $3,500 for running over her with a sleigh. -The Scranton, Pa., papers announce that portions of that city are visibly sinking into the depths of an old coal mine. Considerable alarm is felt among the inhabitants. -A Peoria peddler, who attempted to kiss a lady in that town against her will, was brought before a magistrate and fined $56. Rather dear for a kiss which he didn't get. -Ottawa Lake, in Monroe county, Michigan, ordinarily a sheet of water of considerable extent, suddenly drained itself by some subterranean channel, a week or two ago. -A long-bearded miller at Logan, Ohio, the other day carelessly suffered his flowing honors to get caught in a revolving shaft. Bracing himself promptly, his beard was torn out by the roots. -Several beer barrels lately burst in Cincinnati, and flooded the streets with the contents. The beer froze over, and all the little boys and girls of the neighborhood used it for a skating park. -At a leap-year party given by the ladies of Lafayette, Indiana, the other night, some graceless scamp mixed croton oil with the oyster soup. The effect upon those who partook of the soup was stunning enough. -When intoxicated, a Frenchman wants to dance, a German to sing, a Spaniard to gamble, an Englishman to eat, an Ital ian to boast, a Russian to be affectionate, an Irishman to fight, and an American to make a speech.

13. May 26, 1868 New-York Tribune New York, NY
Article from New-York Tribune, May 26, 1868

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WASHINGTON. SOMNOLENCY IN THE SENATE-MR. CARY ON REPUDIATION-THE CIGAR STORY-ARREST OF WOOLLEY-THE NEW DEMOCRATIC CANDIDATE-THE POLITICAL HORIZON. ABY TELEGRAPH TO THE TRIBUNE. WASHINGTON, Monday, May 25, 1868. In the Senate to-day the proceedings were dull and uninteresting. A general air of drowsiness prevailed in the chamber. A memorial of captains and pilots on the Ohio River, protesting against the construetion of any more bridges over that river of less than 500 feet span, was referred to the Committee on Post Offices and Post Roads. Mr. Trumbull gave notice that he should call up the bill admitting Arkansas to representation in Congress on Wednesday next. Mr. Drake offered a substitute for the entire bill. The army appropriation bill and one or two other measures of no general importance were passed, after which the Senate adjourned. In the House to-day, Mr. Carey of Ohio introduced a buncombe repudiation resolution, which was referred to Committee. Judge Schofield made a report from the Committee of Elections, deciding in favor of Mr. Delano In the contested election case of Delano agt. Morgan, of the XIIIIth District of Ohto. Mr. Delano is a Republican. The sitting member, Morgan, is a Democrat. Mr. Scheuck promised to call up the new Internal Tax bill on Wednesday next, and asked immediate action. Conweiderable debate followed on this subject, during which a Mesire to adjourn at an early day was developed. Mr. Schenck thought that the House could finish the Tax bill In three weeks, but others thought it would take two months. Mr. Washburne of Illinois and Mr. Eliot advoxated the postponement of the bill until next session, and tsaid that they would so demand when the bill should properly come before the House. This question of adjourning early in July and leaving over to next session the Tax and Tariff bills and all the big schemes before Congress is to be tested when the Tax bill comes up. Mr. Washburne will ask for a vote to get the sense of the House. The Grant and Colfax cigar story has got into the papers incorrectly, and this is really what occurred: The Speaker was at the Headquarters the morning before the nomination, reading to the General his Chicago telegrams up to midnight, which the General had wished to see. Both were smoking, and the General asked, Where do you get these cigars that are named for you? They suit my taste exactly." The Speaker replied that a RepubCican German, named Henry Bernd, at Danbury, Conn., had named them for him; and he, with other CongressNmen, used them exclusively. The General immediately twrote a letter ordering a thousand, and, as he has not the )franking privilege, the Speaker said as the letter was for Colfax cigars he would depart from his usual rule of not branking letters for others, and franked it. When it reached Danbury, the German had the Republican candidates for President and Vice-President on one letter. The Sergeant-at-Arms(of the House arrested Mr. Woolley to-night, in his rooms in a hotel here, and now has him in custody. He will appear before the Bar of the House tomorrow and make answer through his counsel, Messrs. Merrick and Brent. A large erowd visited the White House to-day, Collect I Emythe was among the callers. A special dispatch from Baltimore says that ChiefJustice Chase is urged as the Democratic candidate for the Presidency, as he can unite all the Democratic factions, and in addition get many electoral votes from the South, and combine the support of Conservative dissatisfied Republicans. This rumor has excited considerable interest here to-day, owing to the faet that it is supposed to emanate from the White House, as the correspondent who wrote the dispatch holds the place of official stenographer to the President. [Evening Post. It 18 the intention of the Light-House Board to substitute iron screw-pile light-houses for the light-ships now in service, as far as may be practicable. Several have been already substituted, and the work is to be pushed Forward as rapidly as possible. One of the Nez Perce Indians who arrived here about a |week ago from Idaho, with a delegation of four of that tribe in charge of Agent O'Neill, died this morning, aged 175 years. Special orders from the War Department, issued to-day, announce that Brevet Major-Gen. C. House has been assigned to the command of Fort Washington, Md., and that Col. William Chapman has been retired from the service, and relieved from duty in the Second Military District. The Controller of the Currency has declared the bonds to secure circulation deposited with the United States Treasurer by the National Bank of Vicksburg, Miss., forfeited to the Government, that bank having failed to redeem its notes. The Chicago delegates and visitors are returning full of confidence in the ticket. The organization of the party for the campaign has already commenced. Gov. Claflin of Massachusetts has been appointed Chairman of the National Executive Committee. Speaker Colfax will take the stump on the adjournment of Congress.

14. December 8, 1868 The New York Herald New York, NY
Article from The New York Herald, December 8, 1868

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THE CURRENCY. REPORT OF COMMISSIONER H. R. HULBURD. We have alrealy published abstracts of the important report of Hon. H. R. Hulburd, Comptroller of the Currency, and proceed to add those portions not heretofore given as we find them in the full report of the document:NATIONAL BANKS. Since the last annual report twelve national banks have been organized, of which five are new associations. One was organized to take the place of an existing State bank and six were organized to take the place of national banks previously organized but now in liquidation and winding up, making the total number organized up to October, 1685. From this number should be deducted fifty-six, leaving the number in active operation 1,629. The banks to be excluded are the following:Never Completed their Organization so as to Commence Business.-First National Bank of Lansing, Mich., No. 232; First National Bank of Penn Yan, N. Y., No. 169; Second National Bank of Canton, Ohio, No. 463; Second National Bank of Ottumwa, Iowa, No. 195. Superseded by Subsequent Organization with the Same Titles.-First National Bank of Norwich, Conn original No. 65, present No. 458; First National Bank of Utica, N. Y., original No. 120, present No. 1,895. In Voluntary Liquidation.-First National Bank of Columbia, Mo.; First National Bank of Carondelet, Mo.: National Union Bank of Rochester, N. Y.; National Bank of the Metropolis, Washington, D. C.; First National Bank of Leonardsville, N. Y.; Farmers' National Bank of Richmond, Va.; Farmers' National Bank of Waukesha, Wis.; City National Bank of Savannah, Ga.; National Bank of Crawford county, Meadville, Pa.; First National Bank of Elkhart, Ind.: First National Bank of New Ulm, Minn.; Pittston National Bank, Pa.: Berkshire National Bank of Adams, Mass.: Fourth National Bank of Indianapolis, Ind.; Kittaning National Bank, Kittanning, Pa.; First National Bank of Providence, Pa.: National State Bank of Dubuque, Iowa; Ohio National Bank or Cincinnati, Ohio. Since October 1, 1867-First National Bank of Kingston, N. Y.; First National Bank of Blufton, Ind.; First National Bank of Skaneateles, N. Y.; First National Bank of Jackson, Miss.; First National Bank of Downingtown, Pa.; National Exchange Bank of Richmond, Va.: Appleton National Bank of Appleton, Wis.; National Bank of Whitestown, N. Y.; First National Bank of New Brunswick, N.J.; First National Bank of Titusville, Pa.; First National Bank of Cuyahoga Falls, Ohio; First National Bank of Cedarburg, Wis.: Commercial National Bank of Cincinnati, Ohio; Second National Bank of Watertown. N. Y.; Second National Bank of Des Moines. Iowa; First National Bank of South Worcester, N. Y.; National Mechanics' and Farmers' Bank of Albany, N. Y.; First National Bank of Plumer, Pa. or the banks in liquidation the following are winding up for the purpose of consolidating with other banks:-Pittston National Bank, Pittston. Pa., with the First National Bank of Pittston; Berkshire National Bank of Adams, Mass., with the First National Bank of Berkshire; Fourth National Bank of Indianapolis, Ind., with the Citizen's National Bank of Indianapolis; Kittanning National Bank, Kittanning, Pa., with the First National Bank of Kittanning; First National Bank of Providence, Pa., with the Second National Bank of Scranton, Pa.; National State Bank of Duouque, Iowa, with the First National Bank of Dubuque: Ohio National Bank of Cincinnati, Ohio, with the Merchants' National Bank of Cincinnati: First National Bank of Titusville, Pa., with the Second National Bank of Titusville; National Ex change Bank of Richmond, Va., with the First National Bank of Richmond: Second National Bank of Watertown, N. Y., with the First National Bank of Watertown. The following banks in liquidation are succeeded by new organizations, which are to take their circulation as fast as it 18 redeemed, this being the only process by which a change of location can be effected:-First National Bank of Downingtown, Pa., succeeded by the First National Bank of Honeybrook, Pa.: First National Bank of New Brunswick, N. J., succeeded by the Princeton National Bank, Princeton. N. J.: Second National Bank of Des Moines, Iowa, succeeded by the Pacific National Bank of Council Bruds, Iowa: First National Bank or Plumer, Pa., succeeded by the First National Bank of Sharon, Pa. The following national banks have failed to redeem their circulating notes and receivers have been appointed for them:-First National Bank of Attica, N. Y., Leonidas Doty receiver: Venange National Bank of Franklin, Pa., Harvey Henderson. re. ceiver; Merchants' National Bank of Washington, D. C., James C. Kennedy receiver: First National Bank of Medina, N. Y., Edwin P. Healey receiver: Tennessee National Bank of Memphis, Tenn., Willliam A. Hill receiver; First National Bank of Newton, Newtonville, Mass., D. Wayland Jones receiver; First National Bank of Selma, Ala., Cornellus Cadle, Jr., receiver: First National Bank of New Orleans, La., Charles Case receiver; National Unadilla Bank, Unadilla, N. Y., Lewis Kingsley receiver; Farmers' and Citizens' National Bank of Brooklyn, N.Y., Frederick A. Platt receiver; Croton National Bank of the City of New York, C. P. Bailey receiver; National Bank of Vicksburg, Miss., Edwin F. Brown receiver: First National Bank of Keokuk, Iowa, H. W. Sample receiver; First National Bank of Betbel, Conn., E. 8. Tweedy receiver. The affaire of the Frest National

15. May 14, 1870 The Workingman's Advocate Chicago, Philadelphia, Detroit, Cincinnati, IL
Article from The Workingman's Advocate, May 14, 1870

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A BIG BANK MAYS CRADT D.C., Oon the Gardelecommittee bill (No. has reported on Banking which 1,900) bank associations may Treasury 000 $199, $104, therefor in and curren bonds 500,000 of The fact, cy. freegift bank manain 500 per annum gers, on are that terest in of free the now market in the true and, make interest, old devil heaps always saying the the aforean of the credit the of the One numerfor ous bills subbank the at being nobeca scarcely in the all that ticed. They effect the loan to its any limit credit without to United States and all as that bank sociations manage are solid bankers franchise. of or out sharpers of the the credit wildalike. States United in the like this failed a as few city generous ly New York the and A pays 10,000 national the and into receives Treasury in bonds hearing therefor $210,000 of and and the former currency, of The and bondeare his when pay is on The the ing them. currency of in the by used busi bank course regular The may ness, concern its being bank, national circulation and being perad. beyond and the by national venture the with having government to secure States depositWeshington of of podegree circulation, of and obtain palarity. opportunity the same ing that men deposits their have without could never perhaps Being "national" "national" of bank, matter most people to safe and place good must course and deposit, fails before The Support billholders reassociation United States in and bonds return gets as no loss But suffers suppose, interest in with banks case national and New other places, Orleans of the fulls after, by viriue getting, its million or of less, more money. dollars, in the Of such cases, course, noteholders the lose loss come without depositors to the all, and their retire bank manager their enjoy plander. of the bill any sharp Under Garfield "paers can who form may raise $50,00 their secure tional banking association, to enof and work share subsidy to ruin. tioing unwary depositors a not safe are As rule banks national as enthe depend but thous tirely resources of in natheir ands deposit tional character. Congress depositories on their own them because has no right to of the the thus loan credit overnment. on its Let tub own stand bottom. every use Let own their judgment. depositors to They deposit induced with character, of kind. the has The by been created impression that ring banks Treasury national or combave rarely never therefore of the from De the piled records Treasury list of that the banks partment national for and have failed. have been alreadappointed of First Bank N.Y Attica, National of Bank Venango National Franklin, Pa. Bank, National Merchants' Washington, N.Y. Medina, Tennessee Tenn. D First C. National National Bank Bank, of of Memphis, of First Ala. Bank National Selina, of First Bank New National Orleans, La. of Bank, National Unadilla Unadilla, N.Y. and of Bank Citizens' National Brooklyn, Farmers N. Y. of Croton York New Bank National city. Conn. National Bank of of Keokuk, Bethel, Iowa. First First National Bank Vicksburg, Miss. III. Bank of Rockford, are banks National National Bank of national deFirst The following named but have Treasury not voluntary liquidation, States notes in the circula posited in United of outstanding Ind. of Union National Bank for tion Fourth redemption National Bank of Indianapolis, Rochester, N. N.Y. First National Bank of Leonardsville,

16. September 22, 1873 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, September 22, 1873

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WASHINGTON, September 20.-The comptroiler of the currency is paying dividends of twenty-five per cent. to creditors of the first national bank of Rockford, Illinois, one hundred per cent. to the creditors of the first national bank of Fort Smith, Arkansas, and thirty-five per cent. to the creditors of the national bank of Vicksburg. The comptroller of currency has directed the collecti 13 paper of the first national bank of Washington to be deposited for collection with the National Metropolitan bank, and correspondents are requested to correspond with the latter bank in reference thereto, and thus facilitate the business of the receiver.

17. September 22, 1873 The Daily State Journal Richmond, Alexandria, VA
Article from The Daily State Journal, September 22, 1873

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WASHINGTON. Suspended and Broken National Banks -Measures Taken to Liquidate their Indebtedness. WASHINGTON, September 21.-The comptroller of the currency is paying dividends of twenty-five per cent. to the creditors of the First national bank of Rockford, Illinois; one hundred per cent. to the creditors of the First national bank of Fort Smith, Arkansas, and thirty-five per cent. to creditors of the national bank of Vicksburg, Mississippi dividends of thirty-five per cent. to the creditors of the First national bank of Selma, Alabama, and fifteen per cent. to the creditors of the Atlantic national bank of New York, will be paid as soon as the necessary schedule can be prepared. Dividends to the creditors of the First national bank and Crescent City national banks of New Orleans will also be made in the month of October. The comptroller of the currency has directed the collection paper of the First national bank of Washington to be deposited for collection with the National metropolitan bank, which is located next door. Correspondents are requested to correspond with the latter bank in reference thereto, thus facilitating the business of the receiver. Items. WASHINGTON, September 22.-A piivate dispatch from Shreveport in relation to the yellow fever is discouraging. Information has been received here announcing the conclusion of a treaty with the Ute Indians of Colorado, ceding to the United States four millions of acres of land, believed to be of great value on account of mineral deposits. One of the most remarkable features of our present financial disturbances, if not of all past commotions, is, that not one Jewish bank or banker has suspended ; and this leads to a consideration of the general fact that in Europe they are regarded by leading statesmen as the most clear-headed and reliable financiers.

18. September 23, 1873 Wilmington Daily Gazette Wilmington, DE
Article from Wilmington Daily Gazette, September 23, 1873

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The Keystone Bank-Its Suspension Monday Morning. The State financial institutions in Philadelphia are one by one suspending payment, in consequence of the inability on their part to secure currency. The one cry is "Greenbacks! Greenbacks!" to which, unfortunately, there in no response. This morning the Keystone Bank, on Chestnut stteet, opposite the Mint, refused to cash checks, believing that justice would be better meted out to all by suspending at once instead of paying on the start some tifteen or twenty depositors to the exclusion of the rest. The bank has on hand any amount of securities, but all are holding their greenbacks for their own particular purposes.The difficulty is not in the drawing out of large amounts, but all are retaining their deposits to meet their own payments, fearing that a call upon the bank would not be promptly met. The mational banks this morning were to have furnished certain amounts in currency, but instead they sent their cheeks. The officers have been mying to those who caffed with checks that they hoped to pay currency in the morning.-Telegraph of Monday. DIVIDENDS TO CREDITORS OF BANKRUPT NATIONAL BANKS. The Controller of the Currency is paying dividends of 25 percent. to the creditors of the First National Bank of Rockford, Illinois ; 100 per cent. to the creditors of the First National Bank of Fort Smith, Arkansas, and 35 per cent. to the creditors of the National Bank of Vicksburg, Mississippi. Dividends of 35 per cent. to the creditors of the First National Bank of Selma, Alabama, and of 15 per cent. to the creditors of the Atlantic National Bank of New York, will be paid as soon as the necessary schedules can be prepared. Dividends to the creditors to the First National and Crescent City National Banks of New Orleans, will also be made in the month of October.

19. September 24, 1873 Knoxville Weekly Chronicle Knoxville, TN
Article from Knoxville Weekly Chronicle, September 24, 1873

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LONDON, Sep. Noon. The news from New York causes a better feeling. American securities, five's 913 Erie's 44g. Later, Erie 45. Later, Erie 451. How The Union Trust Company was Swindled. NEW YORK, Sept. 20.-Mr. Carlton the defaulting Secretary of the Union Trust Company, had made loans to friends and relatives on securities which was regarded as doubtful. One loan of $20,000 to his father, Rev. Dr. Carlton of the Methodist Book Concern notoriety, the security for one loan is good but others are of no value. Carlton has had almost the entire management of this great financial institution. Bedlam Running Loose. In alluding to the suspension operations by the members of the Stock Exchange, the Evening Express says, too much praise cannot be awarded to the men who conceived and carried out this master stroke of policy. Bedlam was running loose and the craze was rapidly communicating itself to the outside multitude. Nothing remained but to shut the door and try and bring back the bulls and bears alike to their sense. The defalcation of the Union Trust Company is a half a million. The Bank of North America has not suspended. The Western Union Telegraph stock is only worth 57 cents. The Clearing House announces its inability to make a general clearing account, and dealers' inability to obtain properly certified checks. NEW YORK, Sept. bank Presidents at their meeting this afternoon, passed a resolution to issue immediately $10,000,000 injoan certificates. No regular money market, gold closed at $1.11 (a1.12. State bonds, nothing doing. WASHINGTON, Sept. 20.-The Western markets show a general stand in transactions without any change in value. TORONTO, CAN., Sept. 20.-H. J. Morse & Co., bankers have suspended. The President and Secretary Richardson in New York. NEW YORK, Sept. 21-Sunday night. General Grant arriveda t the Fifth Avenue Hotellat 5 o'clock this evening, and Secretary Richardson, is expected here tomorrow morning. Drexel Morgan & Co., Honry Clews and George Opdyke, were among those who called on the President this evening. Senator Morton is in the city, and it is said will be present at the conference tomorrow. He attended the meeting of the Bank Presidents at the Clearing House of Friday. The corridors of the Fifth Avenue Hotel were again crowded to excess to-night, and the financial crisis, formed the subject of general conversation. A slight rumor of the failure of several of the eastside Savings Banksis reported. The Policy of the Government. MONDAY, Sept. 22.-It is officialty announced that Richardson will continue to buy bonds at Saturday's quotations. Secretary Richardson said last night he did not see that he had the power to do more than buy bonds, and all five twenties offered will be bought without delay or red tape. The Government, the Secretary added, is not a trust company.or a loan institution and it is doubtful whether Congress would sanction any such construction of my power. The power above alluded to is the using of $40,000,000 of reserves. Thirty savings banks have resolved to rigidly enforce the previous notice clause. James Martin, of Bloomfield, N. J. was found dead in the streets. He had a large amount of money. The Union Trust Company is in the hands of a'Receiver. The Stock Exchange remains closed today. A message from the Clearing House says every check passed through the Clearing House will be paid; that the banks are in no danger and were never stronger. The firm of Marvin Brothers has suspended. All the banks have pulled through, except two. These two are settling*through the loan committee. All the savings banks are run on. The Clearing House Loan Committee have issued two and a half million dollars in Government certified checks and a million dollars in bonds. Large crowds are sailing to sell in Montreal and Europe the stocks bought at the shrinkage. The Gold Exchange has closed. $1.12 was established as a basis of settlement. The rate of interest was fixed for carrying 7c. The sub-treasury is buying five-twenties at $1.10 72-1000. A run has commenced on the Seaman's Bank. It pays sums of $100 and under. Larger sums must wait the law's delay. Setting up Suspended National Banks WASHINGTON, Sept. 21.-The Comptroller of the Currency is paying dividends of twenty-five per cent. to the creditors of the First National Bank of Rockford, IIlinois; one hundred per cent. to the creditors of the First National Bank of Fort Smith, Arkansas, and thirty-five per cent. to the National Bank of Vicksburg. Dividends of thirty-five per cent. to the creditors of the First National Bank of Selma, Ala., and of fifteen per cent. to the creditors of the Atlanta National Bank of New York will be paid as soon as the necessary schedules can be prepared. Dividends of to the creditors of the First National and

20. September 25, 1873 The Weekly Democratic Statesman Austin, TX
Article from The Weekly Democratic Statesman, September 25, 1873

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TEI EGRAPHIC. Washington City. The 17 September of calls Revenue Internal of to December the act Congress, liable person 1872, conspicuously in their the stamp place special tax to donating the that It directs tax selling such "tobacco or cigars on their tax to have be trains required shall be in so it may framed hung conspicuous stamp properly place in the car where such sales are authorized to made. of Interna Revenue The that planter engaged in making decides on shares not liable to pay. tobacco, special crop dealer in red furnishing supplies to hands employed. crop Such for tobacco to be paid for out of the law the The says Commissioner produced. on ho this person tax every don't impose or offer for sale, in the case hose of shall but on every person liquor dealers, offer for sale, manu business it is to sell. or think tobacco, and he does not factured hands with tobacco to be paid furnishing constitute such business. WASHINGTON, for as stated Sept. 18 Jay Cooke & Co The have First closed National Bank, Henry D. Cook, September I president, has suspended. 19 The State W ASHINGTON, has the Consul at Dundee Department to pay the Polaris crew' expenses and them home send W ASHINGTON, September 21 The Comp dividends of the creditors troller of Currency is paying of the First 25 per cent. to Rockford Illinois: 100 cent. National Bank of the First Na to the creditors of and the creditors to tional per Bank of Fort Smith, Arkansas of the First 35 per cent. Bank of Vicksburg Dividends National cent. to the creditors of the First of the to creditors National of 35 per Bank of Selma, Alabama of the Atlantic and sche dules can the as National 15 per cent. Bank of New York, will be paid be of soon as Dividends to the creditors the prepared First National Bank and Crescent be will also National Bank of New Orleans of October. Currency made during the month has directed Comptroller of the paper of the First Na shington collections of to be deposited for collection tional Bank of Metropoli with the National door located next is which tan Bank, correspond Correspondents nested to fa bank in reference to the with the latter by having steamer at cilitating of business New foundland An American collision with fish boat. reports Three having out of crew of fifteen the WASHINGTON, September 22 In the President course of the morning and had at the Treasury with Secretary Department Richardson. The ference the fact that Secretary sult of may be inferred from stated to the subsequently the ciated Press of New York that the of the anything President would do bewithin the law, but in no particular go main vond clear legal authority. He will pro of the departm and credit tain the safety of the United States from tect the influences the of the general financial em B W barrassment WASHINGTON Septem er 28.- Win. cor shington Shaw, an old and leadir the Natural Iron has purchased respondent, Company's works at Danville, Pennsylvania for $768,000. New York. United NEW YORK, September 17.- The died Consul States at Bremen is dead. He Sprague, the of consumption treasurer of Brooklyn, has been released on $50,000 bail Four thou NEW YORK, September 17 sand dollars were subscribed this morning for Shreveport YORK, Sept. 18.-Jay Cooke & Co NEW announced their suspens ion in conse have of the large ad vances made to sus- heavy quence tain their Philadelphia house and YORK, drain upon their September deposits. 19 The Na NEW Board of Steam avigation have tional Dick Woolfolk, of Loaisy elected Capt. the rene Preside resolved against con of sville canal Vice patents, and favor the government Vice trolling President the Louis Wilson declines the presi dency of the Cuban League. Dr. Miller YORK, September 20. a noted physician New of this city, is dead. The Financial Crisis. 23.-I been NEW YORK, commenced September to force the Union Trust have Company into bankruptcy still The Bank of Commonwealth is closed The min on the Fourth National Bank has ceased. There was moderate run on the saving banks The clearances at the gold exchange are satisfactory Henry Clews & Co. have suspended make they have no statement to been save present that temporary uspension has deemed advisable by the firm. N. J., September 28 In PATTERSON, of the financial crisis in consec general depreciation of securities, York, and the orders for locome railroad ahead at the Roger's loco three months and 585 have been cancelled workmen motive works disc harged to-day It is feared 500 more will be discharged The 23 September RICHMOND, Bank National Planters Mechanic's Merchant's Bank, People Bank and all National Bank, The Citizen's morning. not although Rumors heavy failures mercia clines are rife that city considera bly The banks at Richmond are the from news over excited Petersburg 23. The failure Wall the street Henry of wild in confi headway restoring dence up day that Jay Reports are London, Culloch & out Cooke by drawn the Jay drafts the hand news since have but the no to traced authenti at not stocks the were quoted Speculat of close business. & of Co. Clews the suspension After was offered for was price regular cent. per day established to day own their make and terms. of the The Fourth & of to the amount Bank says the their did because but There draft, would allowed good. have been had the bank September WASHINGTON, Knox and others are surprised at the Petersburg, suspensions. Yellow Fever. 18. entember Howard Association New ORLEANS, of this city are in one from of their dispatch ceipt no who states Shreveport than are The here association that the parts of the country up will be them from all sufficient to pay all Natchez Miss. has unarantined against world

21. November 28, 1883 The Clarion Jackson, MS
Article from The Clarion, November 28, 1883

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Sketch of the Mississippi Valley Bank. Vicksburg Post.] The bank was organized in 1870 by John A. Klien, Geo. M. Klien, D. W. Flowerree and C. C. Flowerree as a partnership; it did a fine business but was compelled to suspend in 1873. The stockholders executed a deed of trust on real estate and other property to the value of $600,000 dollars, but so great was the confidence of the customers of the bank in its proprietors that they declined toaccept the deed and told them to go on. This they were able to do by getting additional capital through Simpson Horner, Esq., of Pittsburg, Pa. The bank then entered upon a new career of prosperity, and continued under this management until 1878, when D. W. Flowerree died. C.C. Flowere and Sampson Horner then retired, and John A. Klien and G. M. Klien continued the business. The Kliens and other connections then managed and controlled the bank entirely, with the exception of the employment of Thomas McGehee as cashier for about two years-commencing sometime in 1881 and ending in 1883. Mr. McGehee resigned his position to take a responsible position in the, Louisville, New Orleans & Texas Railroad Company. Many expressions of regret at this step are now heard, as the opinion is freely expressed that had he continued with the bank the issue of affairs would ha been different. During all these years the bank continued to grow in public confidence. Rich and poor, the business man, the laborer, the widow and guardian, deposited from time to time until it had a deposit account of nearly $800,000, representing the savings of a great portion of the community for ten years. When on Tuesday last the notice was posted on the bank, "This bank closed and in the hands of an assignee," no one who had not seen the notice would believe it. Mr. Geo. M. Klien, the President, has been foremost in every public enterprise here. He was a large owner in Powers' Oil Mill, the Gas Company, etc. He has been a charitable, generous and public spirited man, and expressions of sympathy for him are heard on all sides. The receiver is now engaged in preparing a schedule of assets, which will be. completed in the next week. Attachments without number have been issued by non-preferred creditors in the hope that the assignment may be broken. The scene at the Sheriff's office and at the different justices' offices beggars description-one magistrate issued 250 writs of attachment in 24 hours. The Sheriff and his deputies and all the constables are completely broken down. On yesterday every attachment blank in the whole city was used up, and all the job offices went to work to print large lots of them.

22. November 28, 1883 Public Ledger Memphis, TN
Article from Public Ledger, November 28, 1883

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The Bank That Broke at Vicksburg. Post, 24. The Mississippi Valley Bank was organized in 1870 by John A. Klein, George M. Klein, D. W. Flowerree and C. C. Flowerree as a partnership. It did a fine business, but was compelled to suspend in 1873. The stockholders executed a deed of trust on real estate and other property to the value of $600,000, but so great was the confidence of the customers of the bank in its proprietors that they declined to accept the deed and told them to go on. This they were able to do by getting additional capital through Simpson Horner, Esq., of Pittsburg, Pa. The bank then ens tered upon a new career of prosperity, and continued under this management until 1878, when D. W. Flowerree died. C. C. Flowerree and Simps son Horner then retired, and John A. Klein and G. M. Klein continued the business. The Kleins and other connections then managed and controlled the bank entirely, with the exception of the employment of Thomas McGehee as cashier for about two years-commencingsome time in 1881 and ending in 1883. Mr. McGeheere signed his position to take a responsible position in the Louisville, New Orleans and Texas Railroad Company. Many expressions of regret at this step are new heard, as the opinion is freely expressed that had he continued with the bank the issue of affairs would have been different. During all these years the bank continued to grow in public confidence. Rich and poor, the business man and the laborer, the widow and guardian, deposited from time to time until it had a deposit account of nearly $800, 000, representing the savings of a great portion of the community for ten years. When on Tuesday last the notice was posted on the bank, "This bank closed and in the hands of an assignee," no one who had not seen the notice would believeit. Mr. George M. Klein, the President has been foremost in every public enterprise here. He was a large owner in Powers' Oil Mill, the Gas e Company, etc. He has been à d charitable, generous and public spirited man, and expressions of symg pathy for him are heard on all sides. The Receiver is now engaged in d preparing a schedule of assets, which d will be completed in the next week. Attachments without number have been issued by non preferred creditors = in the hope that the assignment may be broken. The scene at the Sheriff's d office and at the different justices' or offices beggars description. One magistrate issued 250 writs of attachment 11 in 24 hours. The Sheriff and his "dep" ar uties and all the constables are completely broken down. On yesterday es every attachment blank in the whole city was used up, and all the job e offices went to work to print large lots or of them. in