8635. Exchange Bank (Bangor, ME)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 1, 1856*
Location: Bangor, Maine (44.801, -68.778)

Metadata

Model: gpt-5-mini
Short Digest: 0a3ef537

Response Measures

None

Description

The Exchange Bank of Bangor was 'thrown out' by the Suffolk Bank (refused by clearing house) in Dec 1856, placed under injunction and receivers appointed Jan 20, 1857, and ultimately wound up by receivers (bonfires of bills reported Oct 1858). Articles describe a suspension of redemption followed by receivership and final closure; there is no clear description of a depositor run in these excerpts, so this is classified as a suspension leading to permanent closure. Cause attributed to correspondent/clearing rejection by Suffolk Bank.

Events (3)

1. December 1, 1856* Suspension

Cause: Correspondent
Cause Details: Suffolk Bank (Boston) refused to take/redeem the Exchange Bank's notes (i.e., 'thrown out' by the Suffolk Bank), causing discredit and suspension of redemption.
Newspaper Excerpt: The Exchange Bank of Bangor, Me., is thrown out by the Suffolk Bank.
Source: newspapers

2. January 20, 1857 Receivership

Newspaper Excerpt: The Supreme Court to day made the injunction permanent on the Exchange Bank, and appointed E. L. Hamlin, R. S. Prescott and D. W. Howard receivers.
Source: newspapers

3. October 14, 1858 Other

Newspaper Excerpt: The receivers of the Exchange Bank at Bangor, Me., having closed up its books, on Saturday last made a grand bonfire of $20,000 of its bills. The receivers have paid dollar for dollar of the public indebtedness of the bank which has been presented within the time allowed by law.
Source: newspapers

Newspaper Articles (19)

1. December 25, 1856 Weekly Indiana State Sentinel Indianapolis, IN

Article from Weekly Indiana State Sentinel, December 25, 1856

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Monetary. The following communication, upon the recent Bank excitement, has been handed to us by a friend, for publication. Of the justice and appropriateness of the points made, each reader must judge for himself. Rumors have been afloat for several days prejudicial to the Warren County Bank, Penn; Erie City Bank, Penn.; Bank of Newcastle, Penn.; Rhode Island Central Bank the Exchange Bank at Bangor, Maine; Hartford County and Hartford Banks; and on Monday the Banks of this city threw out the issues of those institutions. The result was a panic among the holders of those bills, and the Bank of the Capital relieved them of their alarm at five per cent. shave. We were unable to trace these rumors" to any reliable source, and our Eastern exchanges contained nothing which wouldjurelly the suspicions set afloat. Under these circumstances we thought it unwise, by a publication of mere rumors, to discredit the character of Banks whose paper was in circulation in this section to a considerable amount. It could have no good effect certainly, and the result of the publication of these rumors by other papers was, to give a sort of authority. to them which created unnecessary alarm. It induced the laboring man, the mechanic, the trader, and all parties to part with this currency at a shave and our Bankers laughed in their sleeves at the rich harvest it was bringing them. We have no sympathy for Banks, but we cannot see the propriety of newspapers discrediting their issues unjustly and unnecessarily, to the disadvantage of the public. Private speculation may be the motive, we can conceive of no other. We should like to see the Constitutional Currency, gold and silver, displace all the small bank notes in circulation, but this era we do not expect to witness until some general commercial revulsion bursts the paper bubble and forces it upon the country. The N. Y. Tribune of Saturday last, states that the Exchange Bank of Bangor, Maine, had been thrown out by the Suffolk Bank, of Boston and it was rumored that some parties at the West had purchased it. The Suffolk is the redeeming agent of all the' New England Banks and its being thrown out is unfavorable to the credit of the Exchange Bank, although no evidence of its failure. [For the Sentinel.] THE CRUSADE AGAINST THE BANKS.Some extremely wise financier has the following in the commercial column of the Journal this morning as a communication INDIANAPOLIS, Dec. 22. EDITORS JOURNAL I notice in your monetary column that some interested party speaks of rumor being afoat in relation to Hartford County Bank and Hartford Bank. Any person with a thimble full of brains would not suspect the Harrford Banks; and to classify them with such concerns as the Rhode Island Central and Erie City, is ridiculous in the extreme. Has this community forgot the losses on the "Valley Bank" at Hagerstown, Maryland? A friend to good Banks is quite adroit in placing Rhode Island Central and Erie City in such good company. The ear-marks of the above are unmistakable. Its author is one of a few that are left of the wonderful genius's of a fast reced. ing generation. He has more than a "thimble full of brains," no doubt-an ceertainly more than a bucket full of impudence. But there is none wise as he,and he thinks no one other than himself has any right to have any opinion of money, Banks or business. He comes down on those'concerns', the Erie City and R. I. Central, with his fiat of doom. He has probably forgot a certain "concern nearer home, that, a few years ago, suspended specie payments, and drove its creditors to rely on its promises a year or two, or get nothing. There is "snobbism" in Banks, as well as other places, it seems.

2. December 27, 1856 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, December 27, 1856

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This link gives the Michigan Southern Road its fair proportion of the business between Chicago and Detroit and also of the Eastern business which takes the Canada and Suspension Bridge route, and from which it has been heretofore entirely cut off. It will also give Cleveland a railroad connection, by the Cleveland and Toledo road, with Detroit after the closing of navigation, and accomodate in Summer the passengers between Detroit and Cleveland who wish to avoid the lakes. It also gives St. Louis a short route to Detroit by the Wabash Valley road. It is a much needed link in the chain of Western roads. The loss of the ship Adriatic, belonging to Zerega & Co., falls heavily upon the underwriters, and is a discouraging commencement of the Winter. The ship is new, and this is her first return passage. The money market among the stock houses is decidedly easier on call, although the Banks generally are not free lenders. Paper goes at 8@10 cent for first class, which is scarce, but inferior grades are plenty. The demand for gold by Southern banks has decreased, and as the foreign drain is quite small there is an impression that we shall be able to hold on to most of the next California arrival. There is no foreign steamer until Wednesday from Boston, which will not probably take gold, excepting Belmont's remittances. The receipts of the Northern Illinois and Wisconsin Railroads will be comparatively light in the present month, in consequence of the heavy snows which have fallen there and blocked up the tracks, so as to render them absolutely impassable. The Chicago Press of the 22d announces the arrival of the first mail from Galena over the Galena and Chicago Road which had been received in a week. A letter from Chicago states that the Illinois Central and Rock Island Roads had been much embarrassed, and that the Fond du Lac Road had not passed a train over their line in ten days. On the Milwaukee and Mississippi Road a few passenger trains had been running slowly, but no freight trains. On the whole, it has been a very bad month for railroads in that section of the country, and this fact has, of course, had its influence upon the connecting roads this side. Thompson's Reporter of this week has the following remarks: The Exchange Bank of Bangor, Me., is thrown out by the Suffolk Bank. Whether it has failed, or whether it goes on and redeems, we are not yet able to say. The Bank of Hallowell, Me., is promptly redeemed, and from the known wealth and respectability of the parties interested in it, we have confidence in its continuing to do so. The Bank of East Tennessee is not bought in any of the Northern cities. The last accounts are indicative of a failure. The drafts of the Gramercy Bank, Ind., have gone to protest. Whether this discredit will lead to its failure, remains to be seen. The Savings Bank of Indiana, Connersville, had the folly to issue circulating notes without being registered or secured, thus violating the spirit at least of the free banking law of that State. This has caused the discredit of all the issues of that Bank. There are evident signs of trouble with some of the Illinois banks. The difficulty appears to arise from the fact that small change is doled out when redemption is demanded. Holders of their notes are required to present each bill separately, and as all demands not exceeding $5 can be met with silver coin, the banks legally discharge their obligations in this way. The more independent banks denounce this practice, and must, in self-defense, denounce and refuse all currency not promptly and cheerfully redeemed in gold. When a bank treats its creditors liberally or annoyingly, it is safe to refuse its "promises to pay." The new year (1857) bids fair to commence with plenty of trouble in the bank note or paper money markets, all over the country. We hope our friends will excuse us in not enlarging on this subject, for fear we shall be charged, as formerly, with "panic-making." The foreign letters received by the banking-houses, per the Canada, express great confidence in a return to an easy Money market, and that all danger of a financial crisis on the continent has passed away. The advices in regard to Breadstuffs have had an unfavorable influence on the market here. Flour is lower and dull. Wheat is held firmly, but the transactions are limited. Holders of Cotton are asking higher prices, which checks business. Pork and Beef are firm and in fair demand. Groceries are dull and rather heavy, with the exception of Coffee, which is held more firmly. In relation to American stocks, the circular of Mr. Satterthwaite, received by the Canada, says: Since our advices of the 28th ult., we have had a continuation of the steady feeling in monetary circles, with a disposition to operate, in view of a lower rate of interest. During the week we have to note a gradual rise in French rentes and railroad securities, and an increased confidence in the future on the Paris Bourse, a lower rate of interest in the various Continental markets than our own rate, and a reduction of 1d. per rupee in the East India Company's rate of Exchange. The Bank of England has, under these circumstances, reduced the rate of discount to 64 per cent on bills having 95 days to run, and on stocks till the payment of the dividende. Consols have been firm during the week, and reached 941 for money, closing at 944@95 for money, and 954@95% for account; Consols will be quoted ex-dividend to-morrow, the 6th inst. The market for English railroad securities has been buoyant, in anticipation of favorable results for the half year about ending, and of an easier Money market. There has been a quick demand for American railroad bonds at a slight advance, and we note considerable transactions in Illinois Construction Bonds, Erie 1883, 1862 and 1871 bonds, and in Michigan Central and New-York Central Bonds; a few lots of Illinois shares have changed hands at 134@14, closing free sellers at the latter figure. GOVERNMENT SECURITIES. U. S. 6s, 1868..105 @106 U. S. 6s, Coup. 1868..105 @106 Canadas 6s, sterling..1134@114 STATE SECURITIES. Pennsylvania 5s 74 @ 76 Penna. 5s, Coup., '77. 79 @ 81 Virginia 6s, 1886 83 @ 85 Virginia 5s, '88, sterl. 84 @ 86 CITY SECURITIES. N. Orleans 6s, '92-93. @ 75 RAILROAD BONDS. Belvidere, Del., 1877 88 & int. C., Ham.& Dayt. '30 - @ 80 Erie, 1883... 84 @ 86 Erie, 1871. 80 @ 82 Erie, 1862. 82 @ 84 Erie 1875 83 @ 85 RAILROAD BONDS. G'd Trunk, Can...78@80 & int. G't West'n, Can., '76 117@122 G't West'n, Can., '73 109@111 Illinois Central, 1875. 84 @ 85 Illinois Central, 1875. 80 @ 82 Illinois Central, 1860. 95 @ 96 Illinois Cent., sh's. 13@14 prm. Jol'et and N. Ind. 74 86@88 Mich. Central, 1860.. 90 @ 92 Mich. Central, 1869.. 93@ 94 Michigan Southern.. 75 @ 77 Mich. South., shares. 80 @ 82 N. Y. Central, 180.. 80 @ 82 N. Y. Cen., Conv., '64 90 @ 92x Ohio & Penna., 1872. 69 @ 71 Pennsylvania, 1389. 90@ 92 Penna, sterl's, 1874. 92 @ 94

3. January 1, 1857 Bradford Reporter Towanda, PA

Article from Bradford Reporter, January 1, 1857

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Thompson's Reporter of this week has the following remarks : The Exchange Bank of Bangor, Me., is thrown out by the Suffolk Bank. Whether it has failed, or whether it goes on and redeems, we are not yet able to say. The Bank of Hallowell, Me., is promptly redeemed, and from the known wealth and respectability of the parties interested in it, we have confidence in its continuing to do so. The Bank of East Tennessee is not bought in any of the Northern cities. The last accounts are indicative of a failure. The drafts of the Gramercy Bank, Ind, have gone to protest. Whether this discredit will lead to its failure, remains to be seen. The Savings Bank of Indiana, Connersville, had the folly to issue circulating notes without being registered or secured, thus violating the spirit at least of the free banking law of that State. This has caused the discredit of all the issues of that Bank. There are evident signs of trouble with some of the Illinois banks. The difficulty appears to arrise from the fact that small change is doled out when redemption is demanded.Holders of their notes are required to present each bill separately, and as all demands not exceeding $5 can be met with silver coin, the banks legally discharge their obligations in this way. The more independent banks denounce this practice, and must, in self-defense, denounce and refuse all currency not promptly and cheerfully redeemed in gold. When a bank treats its creditors illiberally or annoyingly, it is safe to refuse its "promises to pay." The new year (1857) bids fair to commence with plenty of trouble in the bank note or paper money markets, all over the country. We hope our friends will excuse us for not enlarging on this subject, for fear we shall be charged, as formerly, with "panic-making."

4. January 3, 1857 Nashville Daily Patriot Nashville, TN

Article from Nashville Daily Patriot, January 3, 1857

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Thompson's (N. Y.) Reporter of last week has the following remarks: The Exchange Bank of Bangor, Me., is thrown out by the Suffolk Bank. Whether it has failed, or whether it goes on and redeems, we are not yet able to say. The Bank of Hallowell, Me., is promptly redeemed, and from the known wealth and respectability of the parties interested in it, we have confidence in its still continuing to do so. The drafts of tha Gramercy Bank, Ind., have gone to protest. Whether this discredit will lead to its failure, will remain to be seen. There are evident signs of trouble with some of the Illinois banks. The difficulty appears to arise from the fact that small change is doled out when redemption is demanded. Holders of their notes are required to present each bill separately, and as all demands not exceeding $5 can be met with silver coin, the banks legally discharge their obligations in this way. The incre independent banks denounce this practice, and must, in self-defense, denounce and refuse all currency not promptly and cheerfully redeemed in gold. When a bank treats its creditors illiberally or annoyingly, it is fair to refuse its "promises to pay." The new year (1857) bids fair to commence with plenty of trouble in the bank note or paper money markets, all over the country. We hope our friends will excuse us in not enlarging on this subject, for fear we shall be charged, as formerly, with "panio-making." The foreign letters received by the banking houses, per Canada, express confidence in 8 return to an easy money market, and that all danger of a financial crisis on the continent, has passed away.

5. January 8, 1857 The Weekly Pioneer and Democrat Saint Paul, MN

Article from The Weekly Pioneer and Democrat, January 8, 1857

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par, of the solvent Banks on the following States: New England, New York Delaware Pennsylvania vants New Jersey Mary and Virginia, Hank of Commerce, D C. Hank state Missouri, Interior Bank of Georgia Keniucky, Nate Bank Indiana Things Wisconsly, du, Canada Minh. Nx. NK McComb DOUBTFUL Warren County Bank. Pennsylvania : Bank of New Castle, Pa. Erie City, Pa. This Bank was reported jailed, but no authentic information has been received establishing the fact.In the meanwhile. its circulation here is being redection by Means D.C. Tavion 44's who have every confidence in the solvency of the Bank. WM. L. BANNING & Co., Eagle Street, St. Paul. We quote the following from Thompson's Reporter of the 15th of December: The accounts from Laneaster all concur in saying vigorous xertions are being made to re suacitate the LANGASTER BANK, with a fair pros. peet of success. We cannot learn of any movement on the part of the owners of the CANTON BANK. South China. Me., towards redeeming the outstanding circulation. The capital was small, and the pa per mostly used in the viciulty of the Bank very little, if any, in this city. The BANK OF THE REPUBLIC R. 1., in IA hopeless the securities are even worse than represented at first, and we fear the holders of the circulation will realize but a small per cent age of the amount The Western States will be the principal losers, as very little was put out at home. The reported suspension of the BANK OF EAST TENNESSEE is contradicted by the papers of that place by authority- and lay the blame to cer tain banks at Louisville, Ky. throwing out their notes without cause: but a late telegraph con firms the report. There in not much in circula tion here, but we have dashed 11, until we can obtain some reliable informat on from the bank as to its ability to go on We have had could dence in the officers. and believe all will yes be right. The recent rumors to the discredit of the MOUST VERNON BANK. R. I., were unfounded.The Bank has uniformly met all demands upon it with commendable promptness. From present appearances, it is believed the assets of the SURACTURERS & MECHANICS BANK of Columbus, Ga., will not pay over 25 centa on the dollar. The amount outstanding is about $20,000. A had failure. or the VALLEY BANK, Md., no new light has broken in upon us. as to the probability of ulti. male payment of the notes, The Receiver is said to be doing all he can to secure the bill holders, and anys if the Lelands are able, they will have to pay the bills in full. The circula tion outstanding in about $190,000. The money R not bought by the brokers. The ELLSWORTH BANK, Me., is purchased by the brokers generally, at se cents on the dollar, in hopes of ultimately realizing something over that: but from present appearances, with little prospect of success. ben an Insolvent Bank or Insurance Com pany gets into the bands of a eceiver or court, the assets remain there so long as anything can be made out of it by careful nursing. and when turned over to the patient creditors, but little is usually left for distribution The "Southwick" maxim that the "publie is . goose, and every one has right to pluck " feather when be can, holds good in closing up corporate bodies. NEW COUNTERFEITS We find the following list of new counterfeits, in Thompson's Reporter of the 15th 5a. on the Attontic Bank, New York City, at tered from 1s Vir Depread eagle and shipping. 10s, on the State Bank, Hartford, Com, altered Via. view of colleges female and grain on the right female and prdestal on the left. 10s, on the Hork tstand Exchange Bank, East Greenwich. 14. 1., altered from small notes Vig. two females, ship and locomotive train of cars on the right girl and machinery on the left. Ge. on the Konthwork Hank Philadelping VI. two females seated in a figure & justice the #47 also on the right-- fudien with bow and arrow on the left. imitation of the genuine 50s. on the Freshald Banking Co., N. J., alter ed Two females and two Bying cupids on the upper left corner, male portrait under Heath two oval dies and made portrait on the right. 3a, on the Rolisions Hank, Mass... Vig, female and grain female on right lower corner 20w. on the Canal Bank, La Vig. three fe males goddses of liberty on the rightsteamship, two mermaids, and 10 on the left. as, OD the Pittajuid Bank, Mass. isc. spread Engle, arrows, E. Phiribus Unum. etc portrait on lower right evener. 198, on the Windham Co. Bank Ct, altered from smaller gotes- Vig. two female on the right and mechanic on the left end. 5a, on the Windham Co. Bank, Ct., altered from one's Vig. three men and woman in a hold- two froge on right end. 20e. onthe Watertown Bank and Loan Co., Watertown, X Y., altered from is Vig. three men working in a foundry, 5a. ON the Columbia Bank, Pa., altered- Vig. three females reclining portrait of My ashington on the right-goddess of liberty on left. in. on the Farmers and Merchants Bank, Baltimore, Md., altered from a broken affair Vig. . fermer sitting by . basket of female on right --eagie and shield on left. SR, on the Farmersand Manufacturers Bank. Pokeepaie, N. X., half sade man and we man. with in a circular die each side; imitation of genuine, be, on the Prescelt Bank, Lowell. Mass. Via manholding pen, ship in distance, ete.,-Wash ington on right. 50, on the City Bank, Porth Amboy, N. Y.,attered from 1a. 1g. marine view Indians on tower left corner. 2a. on the Bank of North America, Boston, Mass., altered from . D. C. note- Vig. spread cagle on & shield portrait of ashington on the right. 19s, on the Townsend Bank. Mass., altered from 2+ by the pasting operation. 20a. on the " indian Co. Hank, altered from small note, farmer, suilor and faxe banie# girl with a bundle of to on the left. Ge, on the Merchantile Bank Hartford, Ct., Vig. train of curn-female and scrolls on the right--portrait of Harrison on the left. Go, on the Union Hank, Vie chiown. N 3. Two circular dies in the colden of Que note-5 on % shield in each upper corner portrait of Pièrce on right-Aemale bead on left. 40a, on the Union Bank, htown. N. 3. Large circular - in the sentre of the note, have ing the words TEN DOLLARS across 11. to is each upper corner- Washington (75) the with Franklin on the name dangerous affair. FAILURE The Exchange Bank of Bangor reported falled this morning and its

6. January 21, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, January 21, 1857

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THE EXCHANGE BANK OF BANGOR. BANGOR, Tuesday, Jan. 20, 1857. The Supreme Court to day made the injunction permanent on the Exchange Bank, and appointed E. L. Hamlin, R. S. Prescott and D. W. Howard receivers. The Court declined making 8 summary decision regarding Demerit's attachment of the specie, as the Sheriff and bis bondsmen are responsible for the final desision as to the legality of the seizure.

7. January 31, 1857 Grant County Herald Lancaster, WI

Article from Grant County Herald, January 31, 1857

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Bank Failures and Suspensions of 1856. Jan. 8th-BaNK OF THE OHTo SAVINGS' INSTITUTE, at Tiffin, Ohio; failed. Affairs not yet closed up. Circulation, $500,000. Notes not bought. March 1st.-CENTRAL BANK OF TENNESSEE, at Knoxville, failed. Circulation about $100,000. Affairs yet unsettled.No sales for notes. Aug. 1st.-VALLEY BANK, of Maryland, at Hagerstown, failed: Circulation $190,000. Receiver has not yet made & report. Owned by Simeon Leland & Co., Metropolitan Hotel, N. Y. Notes not purchased by brokers. Sept. 3d-STATE BANK, at Sacketts' Harbor, N. Y., failed. Circulation $50,000. Affairs promptly wound up, and notes redeemed at par. PLANTERS' AND MECHANICS' BANK, Dalton, Ga., failed. Small concern, and nothing known about it. Oct, 27th-Bank OF THE REPUBLIC, Providence, R.I., failed. Circulation $80,000. Affairs in hands of Bank Commissioners, and not yet wound up. Notes bought at thirty cents on the dollar. Nov. 1--MANUFÁCTURERS & MECHANICS BANK, Columbus, Ga., failed. Circulation, $50,000. Not wound up, notes not bought, and prospects bad. Nov. 18th-LANCASTER BANK, Lancaster, Pa.; failed. Circulation $700,000.There is a movement on foot, which will probably be successful, to resuscitate this bank, and if so, the notes will be good again; if not, the assets are sufficient to pay a large dividend on them. Notes bought at sixty cents on the dollar. Nov. 18th-CANTON BANK, South China, Me., closed by State Commissioners.Circulation small. Notes not purchased. Dec. 18th-Exchange BANK, Bangor, Me., enjoined by State Commissioners.Circulation supposed not to exceed $40,000. Will probably go on again: Notes bought at 62 cents. Dec. 31st-ERIE COUNTY BANK, Erie, Pa., suspended: Circulation $300,000:e Notes bought at 50 cents. Of the suspension of the MINERS' AND e MANUFACTURERS' BANK, at Knoxville, Tenn., we know nothing definite. On the 20th ult., the BANK OF EAST TENNESSEE, Knoxville, closed its doors— probably forever. We hear the President has made an assignment of his property to the bank, and that all its assets are in the hands of Trustees for the benefit of d the billholders. There is no sale, here, for the notes. At Knoxville, those indebted to the Bank, pay thirty cents on the dols lar. Many of the above may not be wound up in years, while in this State, as in the case of the State Bank at Sackett's Hare bor, they are closed up and billholders paid n in a few months. e Altogether the past year has been very moderate in bank failures, and with one or two exceptions, there has been no great loss to the public.-[Thompsons] Reporter.

8. January 31, 1857 Wheeling Daily Intelligencer Wheeling, WV

Article from Wheeling Daily Intelligencer, January 31, 1857

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THOMPSON'S REPORTER says the following are discredited banks in the West: Gramercy Bank, Lafayette, Ind.; Shawnee Bank, Attica, Ind.; People's Bank, Carmi, Ill.; Stock Security Bank, Danville, III; Prairie State Bank, Washington, III.; Rushville Bank, Rushville, Illinois. The Exchange Bank, Bangor, Me., has gone into pulets." the hands of Receivers-"Tomb of the Ca-

9. February 5, 1857 Belmont Chronicle Saint Clairsville, OH

Article from Belmont Chronicle, February 5, 1857

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THE BANKS-Itwas our intention to have given the circulation and securities of the Illinois and Indiana Banks that are discredited, but the storm has prevented our doing 80 this week. The troubles in I Ilinois and Indiana have been precipitated by the Gramercy Bank, which concern, or its backers, owned several other banks, which, of course, all went over like a row of bricks. The Gramercy Bank owners, we see are at the head of one of the branches of the Bank of the State of Indiana." The discredited banks, as far as we are posted, are: Gramercy Bank, Lafayette, Ind.; Shawnee Bank, Attica, Ind.; People's Bank. Carmi, Ill.; Stock Security Bank, Danville, III.; Prairie State Bank, Washingtor, III.; Rushville Bank, Rushville, III. The Exchange Bank, Bangor, Me.. has gone into the hands of Receivers-Tomb of the Capulets."-Thomps Bank Note Reporter.

10. April 3, 1857 Evening Star Washington, DC

Article from Evening Star, April 3, 1857

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Wuss boka lyk Viktory. And John hadd a pair of blue troughsiz on And a shanghi kote so neet, Ana big bosom pin stuk rite under his ohin An a pear uv boots on hys pheet. THE MINISTERS'"UNHUMUN" QUESTION The minister hee lookt rite at me And sez "will u be married wommun" will sez I, and begun to kri, it seemed soe kinder unhumun. Tu ask mee, when he nu soe wel ide bin waytin so long it WUZ horryd, But its oli now and how happy vough Tu thynke John and I has gott married. Tun "Prairie State Bank" at Washington, III., elosed doors on Friday last. ID The eighth Philadelphia trade sale began on Tuesday. The invoices are valued at $200,000. The whole number of persons killed at the late railroad accident in Canada was 93. 45 The Canadians are much exercised at the existence of American lottery agencies in Montreal. B Dudley observatory has received fresh donations. M. Mali, Belgian Consul, gives $100, and Thomas Suffeen $500. * The Legislatue of Louisiana asauthorized the issue of $70,000 State bonds for the school fund Within a radius of ten miles about the old State House in Boston, therearenear 154 churches of four denominations, having 27,519 members. The measles are very prevalent in Newark, N Two hundred new cases are reported this week. The number of emigrants that arrived at New York last week was 787; during the year, 7,538. 1,368-total 12,155. To the same date last year, 4a The boys' meetings, in Baltimore, have gathered in 150 street urchins, who are taught by members of the Young Men's Christian Association and others. POOR LITTLE THING infant prince of Naples has been baptized, receiving fifty names, among which the first were, Hennaro Maria Immacolata. b The Receivers of the Exchange Bank of Bangor, burned $140,000 of the bills of that institution on Thursday-keepinga heavy fire going in two stoves. ID" The reported sale of the White Sulphur Springs, is without foundation. The gentleman of this city, Mr. Macfarland, mentioned as a purchaser, is trustee for the sale of the property. and has no information of the reported sale.-Richmond Whig. b At Doylestown, Pa., on the 7th inst. a man set fire to his clothes with a spark from his pipe, and he was so badly burned that he died on the 16th. A cruel lad named Kenyon was fined 40s. at estminster, England, for roasting dog alive, by fire. pouring turpentine over him and setting it on SLEIONING.-A gentleman who passed through the Franconia Notch, in New Hampshire, Wednesday, reports six miles of very fair sleighing from House. one mile above the Notch to the Flume b John L. Craig, a lad of fifteen years, while out gunning at Rockland, Me., on 24th ult. aceidentally discharged his gun while loading, the ramrod entering his eye and passing through his head, and sticking SQ fast in the skull that it had to be driven back with a hammer. Notwithcover. standing this he is alive, conscious, and may reUPA Sioux Indian, to show his skill in shooting Chipewas, as he said, fired at two white men who were rowing a boat on Lake Pepin, Minnesota, and the ball passed through one of them, killing him instantly, and entered the breast of the other. inflicting a dangerous wound. The Indian was seized and summarily hung up by the neck to the nearest tree. SOMEHING RARB-We learn fuom the Louisiana papers that at the close of the session of the Legislature of that State a motion was made to allow Mr. S. A Warner, Secretary of the Senate, $500 extra compensation, when that gentleman immediately arose and requested the mover to withdraw it; said that he accepted the office with a knowledge of the salary, and wanted no anore. ID On Saturday evening, a drover from New York city, named Wm. P. MeIntire, put up at Stanwix Hall, Albany. On retiring he placed his bank-book, containing some $2,000, under his head. In the morning he arose and forgot it, went to breakfast, and after an hour or so returned to his room, uncovered the book. but found a package of $20 bills, on the Rhinebeck bank, amounting in all to $800, gone. A HARD STUGGLE FOR Liss-The Livingston (New York) Republican announces the death of John McDonnald, who resided in the town. and who was found on one of the coldescrights last winter lying in the highway nearly frozen to death. At that time both his hands and feet were amputated. Since then his legs have been amputated. This was certainly a remarkable struggle for life. ID" The editor of the Showhegan (Me.) Clarion went down to Augusta about two years since and did not get enough to eat, and he said so in the Clarion, whereupon a libel suit was commeneed against him. The suit falls through because it was proved that the hotel man had no license to keep his tavern; and an unlicensed man in Maine cannot be libeled. ID Near Gardiner, Me., recently, a son of Mr. Walster Stuart coursed on his play-sled upon a weak place ona pond, and went under. Analarm was immediately raised, and a hole was cut some afty feet below where he went in. He floated back to the first hole in the ice, feet foremost, and a young uran seized him by clothes, drew him out, and though apparently lifeless, animation was restored him. IN A telegraph union has been constituted by France, Bardinia, Switzerland and Spain. sweeping innovation has been made, a fresh zone À system decided upon, and a large reduction achieved. Approximating to the system of America, benceforth messages of fifteen words will be allowed to be transmitted between England Spain. and France, Sardinia, Switzerland and Seven years ago there was but little madder sent from Marseilles to the United States; now it is shipped by the cargo, and the demand for It steadily increases. Four years ago neither American flour nor American pork were to be found In the French market, but of late large quantities have been imported This importafion was not produced by the war, for it will tinue to exist, and its fluctuations will depend upon the natural laws of trade. Hoors SAVED HER-As the steamer Commonwealth came alongside the wharf at New London on Friday night, on the passage from Norwich to New York, a lady walked overboard and would have been drowned but for the hoops in her dress, which rendered the same somewhat balloonish, and withal answered the purpose of a more complicated life preserver. The night was be dark, and it was nearly an hour before she could which extricated from her perilous situation, during time the hoops were sufficiently strong to Y. Tribune. buoy her up, and prevent her from sinking.WHERE PEPPERMINT Comes FROM towns in St. Joseph's county, Mich., produce large oil is quantities extracted by of peppermint, from which the 25,000 pounds of the manufacturers oil was there. In 1855, brought in the New York market produced, which per pound From eight to twelve pounds three dollars dueed from an acre of the plant. The is prorequires a good deal of care, but the first next crop years it yields without attention. Afterthe third two year the crop must rotate in order to rest the land The mint is cut in August, and the oil extracted by distillation, filtered through flannel, and put up in tin cans for market

11. May 16, 1857 Grant County Herald Lancaster, WI

Article from Grant County Herald, May 16, 1857

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Present Standing of Certain Banks. Canton Bank, China, Maine.-We consider it worthless. Exchange Bank, Bangor, Me.-Failed in December last. Ellsworth Bank, Maine.-Has been in bad repute for over a year,and for a time was selling at 50 per cent discount-then at 10-again, recently at 50. Exeter Bank, New Hampshire.-The officers of the bank say they intend shortly to resume. Eastern Bank, West Killingly, Ct.Is beyond hope. The Lancaster Bank, Pa., IS in the hands of the receivers, and involved in law suits. What will be left for the unfortunate bill-holders. is doubtful. 50 to 60 cents is the market value of its notes. -[Thompson's Rep.

12. October 9, 1857 Vermont Watchman and State Journal Montpelier, VT

Article from Vermont Watchman and State Journal, October 9, 1857

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LIST OF SUSPENDED BANKS TO SEPT. 25TH. Meusam River Bank, Sanford, Maine. Canton Bank, South China, Maine. Ellsworth Bank, Maine. Exchange Bank, Bangor, Maine. Sanford Bank, Sanford, Maine. Exter Bank, New Hampshire. Danby Bank, Vermont. South Royalton Bank, Vermont. Bank of the Republic, Providence, R. I. Bank of South County, Wakefield, R. I. Farmers' Bank, Wickford, R. 1. Mount Vernon Bank, Providence, R. I. Tiverton Bank, Fall River, R. I. Warwick Bank, Warwick, R. I. Merchants' Exchange Bank, Bridgeport, Ct. Colchester Bank, Conn. Bank of Orleans, Albion, New York. Hollister Bank, Buffalo, New York. Niagara River Bank, Tonawanda, N. Y. Oliver Lee & Co.'s Bank, Buffalo, N. Y. Ontario County Bank, Phelps, N.Y. Ontario Bank, Utica, N. Y. Reciprocity Bank, Buffalo, N. Y. Sackett's Harbor Bank, Buffalo, N. Y. American Bank, Trenton, N. J. Bank of New Jersey, New Brunswick, N.J. Bergen County Bank, Hackensack, N. J. Bank of Kanawha, Virginia. Trans-Allegany Bank, Virginia. Bank of Commerce, Georgetown, D. C. Canal Bank, Cleveland, Ohio. City Bank, Cincinnati, Ohio, Seneca County Bank, Tiffin, Ohio. Miami Vally Bank, Dayton, Ohio. Clinton Bank, Columbus, Ohio. Columbus City Bank, Columbus, Ohio. Union Bank, Sandusky, Ohio. Agricultural Bank, Brownsville, Tenn. Bank of West Tennessee. Bank of the Capitol, Indianapolis, Ia. Central Bank, Indianapolis, la. Bank of Elgin, Elgin, Illinois. Rock River Bank, Beloit, Wisconsin. Pennsylvania Bank, Philadelphia. Girard Bank, Phiadelphia. Bank of Canandaiagua, Canandaigua. Western Bank, Lockport, N.Y. Commercial Bank, Philadelphia. Six Penny Savings Bank, Rochester, N. Y. Albany Eve. Journal.

13. October 10, 1857 Weekly National Intelligencer Washington, DC

Article from Weekly National Intelligencer, October 10, 1857

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SUSPENDED BANKS EASTWARD. The New York Sun gives the following list of Banks located east of Maryland which have suspended specie payments : MAINE. Canton Bank, China. Monsum River Bank, Sanford. Exchange Bank, Bangor. Sanford Bank, Sanford. NEW HAMPSHIRE. Exeter Bank, Exeter. Weare Bank, Hamilton Falls. RHODE ISLAND. All suspended specie payments. MASSACHUSETTS. Bass River Bank. Western Bank, Springfield. Lee Bank, Lee. VERMONT. Danby Bank, Danby. South Royalton Bank, South Stark Bank, Bennington. Royalton. CONNECTICUT. Bridgeport City, Bank, Bridgeport. Thompson Bank. Bank of Hartford County. Windham County Bank. Bank, of North America, Seymour. Mercantile Bank, Hartford. Colchester Bank, Colchester. Exchange Bank, Hartford. Pawcatuck Bank. Charter Oak Bank, Hartford. NEW YORK. Agricultural Bank, Herkimer. Island City Bank, N. Y. city. Leonardsville Bank. Bank of Canandaigua. Bank of Central New York, Utica. Mechanics' Banking Association, Bank of Lima. New York city. Bank of Old Saratoga. Medina Bank. Bank of Orleans, Albion. Niagara River Bank, Tonawanda. Bank of Watertown. Oliver Lee's Bank, Buffalo. Chemung County Bank. Ontario County Bank, Phelps. Dairymen's Bank, Newport. Ontario Bank, Utica. Farmers' and Citizens' Bank, L.I. Oneida Central Bank, Rome. Farmers' Bank, Hudson. Powell Bank, Newburgh. Hamilton Exchange Bank. Reciprocity Bank, Buffalo. Hollister Bank, Buffalo. Sacketts' Harbor Bank, Buffalo. Hudson River Bank. Western Bank, Lockport. Huguenot Bank, New Paltz. Worthington Bank. Yates County Bank, Penn Yan. NEW JERSEY. America Bank, Trenton. Bank of N. J.; N. Brunswick. Bergen County Bank. Bordentown Banking Company. Burlington Bank. Burlington County Bank. Camden Bank, Camden. Cumberland Bank, Burlington. Farmers' and Mechanics' Bank, Gloucester Bank, Woodbury. Camden. Hunterdon County Bank. Mount Holly Bank. Phillipeburgh Bank. Princeton Bank, Princeton. Salem Banking Company, Salem. Union Bank of Frenchtown. PENNSYLVANIA.

14. October 31, 1857 Vermont Phœnix Brattleboro, Bellows Falls, Ludlow, VT

Article from Vermont Phœnix, October 31, 1857

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Uncurrent Bank Bills. Under the present temporary arrangement during the panic, the bills of the suspended Banks of New England and New York are generally current in Boston and New York.The exceptions up to this time are all given below ; and in regard to these it is supposed that the bills are good in most cases, though not bankable. Or those Banks in this State set down as uncurrent, the Royalton, Stark, Missisquoi, and St. Albans, are undoubtedly good, and holders of bills should not submit to a sacrifice on them. The bilis of the following Banks are not received at the Suffolk Bank, Boston, nor at the Metropolitan Bank, New York : MAINE. China, and Canton, at China. Ellsworth, at Ellsworth. Exchange, at Bangor. Hallowell, and Central, at Hallowell. Hancock, at Ellsworth. Maritime, at Bangor. Monsum River, and Sanford, at Sanford. NEW HAMPSHIRE. Exeter, at Exeter. Weare, at Hampton Falls. VERMONT. Danby, at Danby. Missisquoi, at Sheldon. Royalton, at Royalton. South Royalton, at South Royalton. Stark, at Bennington. St. Albans, at St. Albans. MASSACHUSETTS. Manufacturers, at Georgetown. Western, at Springfield. RHODE ISLAND. At present all notes issued by the Rhode Island Banks are rejected, although most of them are current in their own State. CONNECTICUT. Bridgeport City, at Bridgeport. Charter Oak, at Hartford. Colchester, at Colchester. Exchange, at Hartford. Hartford County, at Hartford. Hatters, at Bethel. Mercantile, at Hartford. Merchants' Exchange, at Bridgeport. North America, at Seymour. Palaquioque, at Danbury. Pawcatuck, at Pawcatuck. Quinebaug, at Norwich. Thompson, at Thompson. Uncas, at Norwich. Windham County, at Brooklyn. Woodbury, at Woodbury. Wooster, at Danbury. NEW YORK. Agricultural, in Herkimer County. Central Bank of New York, at Utica. Dairyman's, at Newport. Hamilton Exchange, at Greene. Hollister, at Buffalo. Huguenot, at New Paltz. Medina, at Medina. Niagara River, at Tonawanda. O. Lee & Co.'s Bank, Buffalo. Ontario, at Utica. Orleans, at Albion. Reciprocity, at Buffalo. Sacketts' Harbor, at Buffalo. Troy City, at Troy. Yates County, at Penn Yan.

15. October 14, 1858 The Daily Dispatch Richmond, VA

Article from The Daily Dispatch, October 14, 1858

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CONFLAGRATION OF RAG MONEY.-The receivers of the Exchange Bank at Bangor, Me., having closed up its books, on Saturday last made a grand bor. fire of $20,000 of its bills. The Courier says: The receivers have paid dollar for dollar of the public indebtedness of the bank, which has been presented witbin the time allowed by law. We understand there is a large amount of the bills ($25,000) still in circulation somewhere at the West. if it had been sent in, a large dividend would have been paid on the whole; but that which is now out is of course entirely worthless. The concern is closed up; and the sooner the holders burn the bills, the less likely will they be to cheat their neighbore.

16. October 14, 1858 The Daily Dispatch Richmond, VA

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REJOICINGS OVER THE ARRIVAL OF THE OVERLAND Man TrSr. Louis -TheSt Louia Republican brings us further particulars of the arrival there. of the first overland mail from California with six pas= sengers, one of whom was Mr Bailey, an agent of the Postoffice Department The Republican says Mr. Bailey being called out by gentlemen who had assembled at the Planters' House the on occasion, gave brief but interesting history of his trip. The great difficulty in the way was the want of water in some of the deserts, but this was remedied to very considerable extent by the fore. sight of the company, in sending water forward for the use of the animals. The company has more than two hundred stations on the road. Mr. Bailey balieves that all the difficulties which attended this trip will be overcome ehort time, and he proclaime the whole enterprise "a perfect suc cesa. The Indians gave them no trouble. Mr Butterfield, who has been laboriously engaged in giving fair start to the enterprise on this end of the route. are glad to say. is in ex cellent health and confident of the success of the undertaking. The Republican also gives an account of the re. ception of the mail, its escort to the postoffice by a procession of citizens. headed by band of music. as well as the reception of Mr. Butterfield. who brought the mail through from San Francisco, an achievement which that paper regards as far more brilliant than the laying of the Atlantic telegraph cable,as it passes over our own soil, affording a semi-weekly, soon to be converted into a daily communication between the extremes of the Re. public. It says: Nine years ago, when the discovery of gold in California led to the immense emigration to that State. was regarded an expeditious trip it made from the Mississippi to the Pacific in eighty to one hundred days. Thousands occupied much longer time, and hundreds perished on the wayside The establishment of this mail route and of the route from St. Joseph to Utah, and thence to Sacramento, has changed the whole cur rent of things; and it is now demonstrated, on first trial, and under adverse circumstances. that practicable to carry mail and passengers from Louis to San Francisco in twenty four days and this will be reduced, if necessary, below twen days The Republican adds that Mr Buchanan's ad ministration deserves great credit for the encour agement which it has given to the successful pros ecution of this great enterprise. Senator Gwinn, of California. now in Washing ton. has written letter to the President, suggest ing that 3,000 troops be stationed along the wagon road route, 80 as to protect the mail from interruptions by Indians. CONFLAGRATION OF RAG MONEY The receivers of the Exchange Bank at Bangor. Me. having closed up its books. on Saturday last made grand bor fire of $20,000 of its bills. The Courier says The receivers have paid dollar for dollar of the public indebtedness of the bank. which has been presented within the time allowed by law We understand there is large amount of the bills ($25,000) still in circulation somewhere at the West had been sent in. a large dividend would have been paid on the whole; but that which is out is course entirely worthless. The concern is closed up; and the sooner the holders burn the bills, the less likely will they be to cheat their neighbors. CONTEST WITH BOAR. The Abington, N. Y Standard relates that several days since as Walter Davis, was man, endeavoring to drive young a the boar savage into ferocious pen. animal turned upon him and drove him into corner. near high board fence. The boar leaped at him with the ferecity of tiger, but was kept at bay by Davis for some ten minutes. but finally by mendous leap. the savage animal came the useless. he As made pole was Davis spring jumped him, but in doing so, the boar drove his tusk through thick kip boot, and almost completely through his foot. throwing biur back into the corner Before the beast could pursue the advantage he had gained, Davis was up and running for dear life The boar followed him to the door of be yard, striking him once above the knee, cutting gash six inches long and an inch deep at one end. The ferocious animal was subse quently secured in bia pen. SCHOOL TEACHER very delibe ate murder was committed at Independence Mo the 26th ult. A young man by the Dame of Cooper waylaid and killed another by the name of Littlepage, school teacher It that Coope had made some statements about Littlepage were not true, whereupon Littlepage waited on him got him to sign retraction. The next day hid himself near where Littlepage had to pass, and shot him with double barrel shot Nineteen buck shot hit him in the breast Be staggered about twenty steps and fell dead. then his horse and said he going to Brenham to He himself up give seen in Bren ham The neighbors mustered and started in pur suit him A FEMALE HORRIBLY MANGLED. The wife of Chas. Grocer was horribly mangled in grist mill on Thursday last During the absence of her hus band from the mill. informed that the miller was suddenly prostrate dby sickness. that the mill was is operation with quantity of wheat in the hopper, and no person to take charge of it She immediately repaired to the mill, and while adjusting the machinery her dress was ght the wheel. and in an instant her head drawn between two cog wheels, tearing her hair and In off portion scalp the of ex to tricate erself. her right foot and left hand were her and the above smashed elbow arm hor ribly mangled When extricated she present horrible and although still alive this no hopes of entertained morning recovery At the time of the ead her husband several miles away from home on business.Albany (N. Y.) Journal. TREMENDOUS PILES OF GOLD The bullion in the Bank of France now stands at about $120,000.00 a far higher sum than was ever beld by that estal and more than in excess of the largest total ever collected in the Bank of England the of the present year the Bank of France held less than $50,000,000 and the influx in nine months has therefore been $70,000,000. the Bank of England the total at the beginning of the year was 90,000, and now more than $95 000.000. The highest sum it ever possessed was $111,000,000 in July, 1852. THREE LIVES LOST. On Monday afternoon, three men. named Thomas McGrade, William Butler and Micbael Roach, were at work sinking well Willow Springs station, town of Palos, on the Chi cago, Alton and St Louis Rails They one after another overpowered by the deadly at mosphere at the bottom of the shaft one being lowered successively to the relief of the preceding one, and each failing lifeless. ANOTHER REFUGEE.- George d' Arnsberg, Adjutant of General Dembinski during the Hung garian in has New York olution, will be re membered that he was at first cond ned by an Austrian court be han ged. but his penalty commuted to sixteen years in the irons ortress of Kufstein On the 1st of August last, the Emperor having re mitted the of his sentence George 'Arns. berg went to whence he sailed for this country to join the other Hungarian emigrants who have settled in America. COULDN'T HELP IT.-After a marriage ceremony had been performed in one of the churches Adrien. Michigan the bride, when receiving the congratulations of her friends, shed tears. ing to the established ridiculous custom at the sight of which the groom followe suit with copious flow of the briny fluid. After his friends succeeded in ning him. be said he couldn't help it, for he felt as bad about it as she did. QUITE LIKELY A correspondent, who has been reading *Spurged Gems, much struch with the originality of the idea there exp ressed, that we should all probably like to have free passes to the palace of Heaven. He at the same time stig. gests thattheholdersof those "passes" would pro bably be "dead heads INDIAN BEATS PALE FACE A correspondent of the Boston Post writes that the match between the New Yorker. and the

17. October 27, 1858 The Ashland Union Ashland, OH

Article from The Ashland Union, October 27, 1858

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CONFLAGRATION OF RAG MONEY.-The receives of tho Exchange Bank at Bangor, Maine, having closed up its books on Saturday last made a grand bonfiire of $20,000 of its bills. The Courier says: The receivers have paid dollar for dollar of the public indebtedness of the bank which has been presented within the time allowed by the law. We understand theie is a large amount of the bills ($25,000) still in oirculation somewhere in the West. If it had been sent in a large dividend it would have been paid on the whole; but that which is now out is of course entirely worthless.The concern is closed up, and the sooner the holders burn the bills the less likely they will be to cheat their neighbors.

18. November 4, 1858 Fayetteville Observer Fayetteville, TN

Article from Fayetteville Observer, November 4, 1858

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A gradd bonfire was madeat Banger, Me., last week, of $20,000 of the Exchange Bank bills of that city, 03 the winding up of the accounts. The receiver paid dollar for dollar of the public indebtedness of the bank which has been presented within the time allowed by law, but there are still some $25,000 of the bills in circulation at the west, which are of course now worthless.

19. November 5, 1858 The Bedford Gazette Bedford, PA

Article from The Bedford Gazette, November 5, 1858

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# CONFLAGRATION OF RAG MONEY. The receivers of the Exchange Bank at Bangor, Me., closed up its books, and made a grand bonfire of $20,000 of its bills. They have paid dollar for dollar of the public indebtedness of the bank which has been presented within the time allowed by law. There is a large amount of the bills ($25,000) still in circulation somewhere at the West. If it had been sent in, a large dividend would have been paid on the whole, but that which is now out, is, of course, entirely worthless. The concern is closed up, and the sooner the holders burn the bills the less likely will they be to cheat their neighbor. The St. Louis papers contain an address of Gov. Denver to the people of Kansas, on retiring from office. He says that henceforth the continuance of peace in that Territory depends more on the people themselves than on the Governor, that they have an abundance of local civil officers elected by themselves, without disturbance or interference; that they have just accomplished the peaceable election of a Legislature, and it makes no material difference who may be Governor. He does not think the Territory yet prepared for a State organization. IN NEW York city, the rate of taxation is something more than ten dollars a head for every human being within its limits.