9039. Farmers & Mechanics Bank (Detroit, MI)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
October 6, 1857
Location
Detroit, Michigan (42.331, -83.046)

Metadata

Model
gpt-5-mini
Short Digest
96eea7f8

Response Measures

Full suspension

Other: Bank was placed under injunction by the Attorney General (government legal action).

Description

Multiple contemporary papers (Oct 6–10, 1857) report the Farmers' & Mechanics' Bank of Detroit was placed under injunction by the Attorney General and did not open its doors amid heavy withdrawals during the 1857 panic. Reports describe heavy demands and inability to realize securities; no clear mention of a receiver or permanent closure in these articles, so final disposition is unclear.

Events (2)
1. October 6, 1857 Run
Cause
Macro News
Cause Details
Widespread financial panic of 1857 and loss of confidence; heavy withdrawals and inability to realize securities (fall in Michigan state bonds and tight money)
Measures
Bank placed under injunction; did not open on morning of Oct 7 (temporary stoppage of payments)
Newspaper Excerpt
The Farmers and Mechanics' Bank did not open Its doors yesterday morning...the bank could not withstand the unceasing demands of depositors
Source
newspapers
2. October 6, 1857 Suspension
Cause
Government Action
Cause Details
Temporary injunction by the Attorney General restraining bank operations amid inability to meet depositor demands
Newspaper Excerpt
The Farmers & Mechanics' Bank of this city has been placed under injunction by the Attorney General.
Source
newspapers

Newspaper Articles (11)
1. October 7, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 7, 1857

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Financial. NEW ORLEOct 5-M Basiness still restricted by 4upossibility of getting Exchange. Smites of bills ou New York have been mad 134@1/2 premium. No sales of sterlexchange have been reported. Vocrhes, Griggs & Co 's susbn is annonnced, but it is supposed onlibe temporary. NEW YORKG-M Willet & Co.," hardware mers, have suspended. DETROITS_M The Farmer & Mechanic's Bank city Athas been placed under injunction torney General. CINCINNATI, M Money matters more unsettled. on the East firmer aad tending upwa ange @6 per cent. prem. generally asked. BOSTON, Of At the instance of the Bank Com,ners, temporary injunctions have beeed on the Western Bank, Springfield. NEW York, Oct 6 The bills of the Lee Bank, Mass., M tile, Charter Oak and Exchange Biq Hartford, Ct., and the Bank of Wate N. Y., have been thrown out. The following is the comparative statement: Decrease in loans, $1,855,934; decrea specie, $1,926,292; decrease in deposit 338,954; increose in circulation, $77,794. tal specie, $11,400,113. The loss in specie has been occasioned gether by hoarding, in consequence 0 panic. The bank statement has not been favo received. ST. Louis, O Messrs. James H. Lucas & Co., bar closed to-day. LOUISVILLE, O Wm. E. Culver, banker. has suspend

2. October 7, 1857 Wheeling Daily Intelligencer Wheeling, WV
Article from Wheeling Daily Intelligencer, October 7, 1857

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BANK EXCITEMENT. DRTHOIT, Oct. 6.-The Farmers & Mechanies' Bank of this city has been placed under injunetion by the Attorney General. ST. Louis, Oct. 6.-There is n run on the Bank of Missouri and Boatmans' and German Savings Institutions, no evidence of suspension yet el The regular Banks are strong. At a meeting at the Merchants Exchange yesterday to consider the currency question, Mr. Henry, Bank Commissioner from Illinois, made a statement of the condition of the Banks of that state, which was generally considered satisfactory. The committee appointed to report on the subject, convened this afternoon without coming to any definite. conclusions The vote on securing currency at par stood a tie. Previ ous to adjournment a re olution was passed to petition the Legislature to issue no more bonds at present and to create a sinking fund for the payment of interest on those already issued.-Another meeting will be held at the Exchange to-day. Suspended-Lucas & Co.; creating no excitement; assets ten times greater than their liabilties. BOSTON, Oct. 6.-At the instance of the Bank Commissioners a temporary injunction on the the Western Bank of Spri gfield, was issued. NEW YORK, Oct. 6.-The Mercantile Bank at Hartford, Conn., and the Bank of Watertown, New York, have been thrown out.

3. October 7, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 7, 1857

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The bank and mercantile disasters continue to be numerous and important. Those ammounced to-day include three backs in Hartford suspended. The E1 change, Charter Oak and Mercantile. The Bank of Watertown N. Y., and Lee Bank. Mass. The re maining Hartford banks have decided not to suspend. The important mercantile failures are Messrs. Willets & Co., a very wealthy and respectable Quaker house, who have become involved by acceptances on merchandise shipped from the Pacific. They will undoubtedly pay eventually everything. The drafts of Measrs. Sather & Church of San Francisco, have also been protested to-day. This house, we understand, were short insured about $40,000 by the Central America, but the immediate cause of their suspension was the non-acceptance of $89,000 on Willets & Co., remitted by the Star of the West. It is believed that the drafts of Messrs. Sather & Church will be promptly paid on the their return to San Francisco, and meantime, negotiations are going on by which it is hoped they will be enabled in a few days to resume. Van Vieek, Read & Drexel of New York, and Drexel & Co. of Philadelphia, have no connection with Sather & Church, whose business with them closed in June last. The American Exchange Bank posted the following notice this morning: " In consequence of the dishoner of drafts remitted this Bank declines further payments for Sather & Church, having already paid as far as covered by funds in hand." The failure of Messrs. Vail & Yates of Newark, one of the most extensive hat concerns in the United States, is also announced; and some six or seven fur houses in this city, none of them of much importance excepting that of Messrs. J.D. Phil ips & Co. We hear also of two or three grocers suspended, but none of much importance. At New-Orleans the failure of Messrs. Voorhees, Greggs & Co. is announced. The Farmers' and Mechanics' Bank of Detroit has been enjoined, and the Western Bank of Springfield, Mass., also. Mr. Thomas R Walker has been appointed Receiver of the Bank of Central New-York, Utica. The State Controller has been at the Manhattan Bank, in this city, for two days, signing transfers of State Stock withdrawn from the Bank Department and put upon this market within the few days past in large amounts. The following is a Comparative Statement of Exports (exclusive of specie) from New-York to Foreign Ports, for the week, and since Jan. 1: 1857. 1856. 1855. $1,721,980 $1,309,390 $1,357,470 Total for the week 54,015,245 57,592,356 45,834,246 Previously reported $55,787,225 $53,301,746 $47,191,716 Since Jan. 1 The Manton Iron Company have leased their extensive iron works, for five years, to Messrs. Thomas Chambers, J. P. and J. Grove, and Henry M. Fuller, who will only resume business when sales of iron can be effected at remunerating prices. The receipts of the Housatonic Road for the eig it months ending 1st of Sentember. have been as follow

4. October 8, 1857 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, October 8, 1857

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Telegraphic News. New YORK, Oct. 6.-The screw steamship City of Washington, from Liverpool at noon 23d ult., arrived here this morning. Great activity prevailed in England in sending reinforcements to India. The overland mail steamer was to take 2000 troops from Malta to Alexandria, to be sent through Egypt to India. Several hundred troops will go out in succeeding steamers. The India Company had decided to engage the fleetest European and American steamers. Lord Elgin's mission to Calcutta was to propose an exchange of European for native Bengal regiments, as the Indians would prove sufficiently effective and more trustworthy in Canton than in their own country. Lord Elgin took with him to Calcutta 1700 troops, and marines in a naval brigade organized 10 proceed forthwith up the Ganges. The French Government had received dispatches from India, announcing that the governor of Pondicherry had, as a speculation, called upon the Admiral of the French fleet in the Indian seas, for some ships of war. Gen. Neil, at Cawnpore, was compelling all the high caste, or Brahmins, whom he could enpture, to collect all the bloody clothes of the victims and wash the blood from the floors, their movements being accelerated by the application of a cat. Afterwards the Sepoys were hanged one after another. One hundred Austrian officers have offered to serve in India. A London letter, in the Paris Patrie, asserts that Salif was marching upon Lucknow at the head of 150,000 insurgents, and as be was within four days of Gen. Havelock it was considered certain that he would effect a junction with the insurgents before the English Generals arrived. The Fort of Lucknow was well supplied with provisions and ammunition. It was deemed impregnable. Advices from St. Petersburgh report a great storm and fire on the Sandago Canal. 200 country crafts with their cargoes of produce were wrecked. The following is said to be the result of the new election in Moldavia: Out of 87 electors 66 have declared for the Union of the Principalities, 6 against, and 15 neutral. The election at Wallachia is to commence on the 18th. The Persian troops have evacuated Herat. DETROIT, Oct. 6.-The Farmers' & Mechanics' bank, of this city, has been placed under injunetton by the Attorney General. HARTFORD, Oct. 6.-The Charter Oak bnnk, tho Mercantile bank, and the Exchange bank suspended specie payment this morning.The officers of all the other banks met last night and resolved not to suspend. NEW YORK, Oct. 6.-Bills of the Lee bank, Mass., Mercantile bank, Charter Oak bank, and Exchange bank, of Conn., and the bank of Watertown, N. Y;, are thrown out to-day. The Weare bank, N. H., was thrown out. The bille of the bank of Lima, N. Y., were again taken. BOSTON, Oct. 6.-Judge Merrick, on motion of the bank Commissioners, has granted a temporary injunction upon the Western bank of Springfield, Mass. HARRISBURG, Pa., Oct. 6.-The Legislatore convened to-day. Gov. Pollock delivered his message, suggesting measures for there. lief of the banks and public. BUFFALO, Oct. 6.-The New York State Fair opens to-morrow, and continues for three days. The entries up to this noon are over 2,500.-A greater number than ever before made. The weather is very favorable.

5. October 9, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 9, 1857

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DISCREDITED BANKS. The following is a corrected list, to date, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R I. America Bank, Trenton. N.J., Agricultural Bank, Tenn. Agricultural Bank, Herkimer, N. Y. Bergen County Bank N.J. Bank of Canandaigua, N. Y. do Naperville, III. do Believille, de do Nashville, Tennessee. do Springfield, Ohio. do Tecumsch, Michigan. do Orleans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R.I. do Hallowell, Me. do America, Tenn. do West Ternessee, Tenn. do Paris, Tenn. do Corning. N.Y. do the South County, R. I. do North America, Connecticut. do Kanawha. V Tirginia. do Eigin, III., S. S., small circulation. do the Capitol, Indianapolis, Ind., S. S. do Middleton, Penn. do Watertown, N.Y. do Chester, III. do Eigin, do do Pike County, III. Central Bank, Indianapolis, Ind., S.S. Chemting County Bank, Horse Heads, N.Y., S. S. Clinton bank, Columbus, Ohio. City Bank, N.J. Cumberland Savings Institute, Md. Commercial Bank, Columbia, S. C. Citizens' Bank, Tenn. Corn Exchange Bank, Ill. Charter Oak Bank, Hartford, Conn. Colchester Bank, Conn. Dan Bank, Vt. Dayton Bank. Ohio. Dairy Bank, Newport, N.Y. Ellsworth Bank. Maine. Exeter Bank. N. H. Exchange Bank, Pittsburgh, Pa Exchange Bank. Hartford, Conn. Farmers' Bank of Saratoga Co., N. Y.,s.s Farmers' and Manufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R.I. Farmers & Mechanics' Bank, Kent county, Md. Farmers and Merchants Bank, Md. Fairfield County Bank, Nor. alk, Ct. Farmers & Mechanics' Bank, Detroit, Mich. Honesitate Bank, Pennsylvania. Hollister Bar k, Buffalo, N. Y., S. Hancock Bank, Maine. Hugenot Bank, N.Y. Hopkinton Bank, Westerly. R T. Hamilton Exchange Bank, Hamilton, N.Y. Island City Bank, N. Y. city. Jefferson County Bank. N. Y. Lee Bank, Massa husetts. Mechanics' Banking Association, N. Y., S.S. Mount Vernon Bank, Providence, R. I. Maratine Bank, Maine. Monson River Bank, Me. Macomb County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Morgan Bank, Ga. Miami Valley Bank, Ohio. Medina Bank, Medina, N.Y. Munson Bank, Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercar tile Bank, Hartford, Conn. N.Y. Security Bank, N.Y. Nebraska m ney has been thrown out by St. Louis brokers, excepting the Bank of Florence. Niagara River Bank, Tonawanda, N. Y., reported failed, S.S. Ontario Bank, Utica, N.Y. Ohio Life Trust Company, don't issue notes. Oliver Lee & co. Bank, N. Y.-reported failed, S. S. Ocoee Bank, Tenn. Ontario County Bank, Phelps, N.Y. People's Bank, N. V. city. reported failed, S. S. Pawcatuck Bank, Pawcatuck, Ct. Port Plain Bank. N. Y.,s.s Recipr city Bank, Buffalo, N. Y., new bank, S. S. Rhode Island Central Bank, R.I. Sanford Bank, Me. Sackett's Harbor Bank, N.Y. South Royalton Bank, Vt. Seneca County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N.Y. Warwick Bank, R. I. Wonster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. 8." means securet by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.

6. October 10, 1857 The New York Herald New York, NY
Article from The New York Herald, October 10, 1857

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STOPPAGE OF THE'F ARMERS' AND MECHANICS' BANK. [From the Detroit Free Press, Oct. 7.] The Farmers and Mechanics' Bank did not open Its doors yesterday morning. An injunstion had been sued out against it, at the ins ance of the Attorney General, on the same grounds and of the same nature as that in the case of the Peninsular Bank, a few days ago. But of course this proceeding was not taken un!!! it had become evident that the bank could not withstand the unceasing ands of depositors and the public, while it was impossible for it to realise from its securities, in New York or elsewhere. Michigan State bonds, which had cost it one dollar, had fallen on the market to sixty-s+ ven cents, and its maturing paper, like that of all banks in these times, was not all paid. Its circulation had been reduced to some seventyfive or eighty thousand dollars within a short time past, and its private deposits-other, we meau, than those of the city-bad been paid to within ten thousand dollars of the las: collar. or course, with no seeming prospect of immediate improvement of affairs at the East, and the impossibility of purchasing coin at any rate short of ruin, together with the seeming certainty that its circulation would continue to come rapidly home, the bank could not go on. The panic here had subsided, to be sure, and with its subsidence the managers or the bank were confident they bad passed the crisis; but though the panic had subsided, confidence bad not been restored. MICHIGAN INSURANCE BANK. Sixty eight of the business men of Detroit have signed and issued the following notice:TO THE CITIZENS OF MICHIGAN. The undersigned, merchants and business men of Detroit, avail themselves of this occasion of general distrust and pecusiary embarrassment to express to their fellow citizens their full and entire confidence in the honest administration and present solvency of the Michigan Insurance Bank. Recent events place this institution in an important position, as regards the business transactions of the people of Michigan, who need one bank, at least, to facilitate ex hanges and to aid in the transportation of the preducts of the farmer to a profitable mart. The basis upon which the opinion of the undersigned is formed is the public fact that, under all the monetary excitement prevailing in this city and elsewhere in regard to banks and bank currency, this institution has promptly paid, and continues to pay, coin on its circulation, and meet all demands.

7. October 10, 1857 Sunbury American Sunbury, PA
Article from Sunbury American, October 10, 1857

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NEW YORK, Oct.-The bills of the Lee Bank, Massachusetts, Charter Oak, and Exchage Banks at Hartford Connecicut, and the Bank of Watertown, N. Y., have been thrown out. HARTFORD, Oct. 6.-The Charter Oak, Mercantile and Exchange Banks have suspended specie payments. The other banks of this place have resolved not to suspend. Bosron, Oct. 6.-At the instance of the Bank Commissioners a temporary injunction has been granted on the Western Bank of Springfield Mass. BOSTON, Oct. 6.- The monetary panic has entirely disappeared. There were no failures to-day. NEW ORLEANS, October 5.-Business is still restricted by the impossibility of selling exchange. Small sales of bills on New York have been made at 11 a 1. No sales of sterling have been reported. Sr. LOUIS, October 6.-A meeting of the merchants of this city was held at the Exchange yesterday to chusider [the currency question. Mr Henry the Bank commissioner of Illiuois made a statement of the condition of the Banks in that State which was generally regarded as satisfactory. A committee was appointed to report on the subject. This committee convened in the afternoon, but adjourned without coming to any difiniet conclusion. The vote on receiving currency at par stood tie. Previous to the adjournment a resolution was passed to petition the Legislature to issue no more bonds at present and to create a sinking fund for the payment of the interest on those already issued. At the other meeting at the Exchange held to-day, the announcement of of the suspension of Lucas & Co. created no excitement. The assets of the firm are ten times greater than their liabillities. At the meeting of mechants to-day a resolution to receive and pay out the bank currency of the State at par was adopted by an overwhelming vote. A run on the Bank of Missourri, and on the Boatmen's and German Saving Institution has been made but there is no evidence of their suspending yet. The regular banks continue in a strong condition. DETROIT, Oct. 6.-The Farmers and Me. chanic's Bank, of this city have been placed under an injunction by the Attorney General. PETERSBURG, Oct. 6.-The Express says it is rumored here this evening, that the Banks of Wilmington and Cape Fear, North Carolina, refused to redeem their notes yesterNay The Commercial Bank and Bank of the State redeemed everything. They are all said to be perfectly solvent.

8. October 10, 1857 Anti-Slavery Bugle New Lisbon, Salem, OH
Article from Anti-Slavery Bugle, October 10, 1857

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II. N. LEWIS, We much regret to hear of the death of Mr. II. N. Lewis, formerly junior editor of the Alliance Ledger, and more recently of the Wyandot Pioneer. He was, when he died, in the prime of life. May the turf rest lightly upon him. BOSTON. Oct. 6.-Among the bequests of the late John E. Thayer was $50,000 to Harvard College, the income of which is to be applied to the aid of the ten best under graduates who may be in need of pecuniary assistance. DETROIT, Oct. 6.-The Farmers' & Mechanics' Bank of this city has been placed under an injunetion by the Attorney Generul. WRONG IMPRESSION.-The New Haven Register corrects the erroncous impression that has obtain ed, that the whole forty-three signers of the noble memorial to President Buchanan are clergymen. Only five of them are clergymen, and the remainder, lawyers, doctors and other folks. The Cincinnati Commercial says that "the low price of whisky and the high price of corn is causing distillers in this section to suspend operations. In consequence of this fact stock hogs are becoming more abundant, and prices are declining. We learn that the hog cholera also prevails to a considerable extent in the pens attached to distillers in this vicinity." SAMUEL HOAR.--A monument has lately been erected in the cemetry at Concord, Mass, in memory of the Hon. Samuel Hoar, who died in november last. it is of Quincy granite, twelve feet high, six wide, and three deep and represents a door and window, the design being from the pilgrim's progress. The following forms the inscription on a white marble slab beneath the window. "The Pilgrim they laid in a chamber, whose window opened toward the sun-rising. The name of the chamber was Peace. There he lay till the break of day, and then he awoke and sang." Upon an other marble slab beneath is the epitaph. The sub-marine telegraph cable, connecting Europe with Africa. was successfully laid on the 9th ult., between Bona and Cape Tenlada, a distance of one hundred and forty miles. It was submerged more than two miles deep a part of the distance, The total population of Canada is now 2,271. 437. The increase in five years is 729,172. Capt. T. Kendrick, while on a scout on Fish Eating Creek, Florida, a short time ago, found a monster live oak tree, measuring 37 feet in circumference, which throws a shade at noon, 45 yards in diameter. Capt. K's whole company, 88 men, dined under the shade of this tree, at noon, e and hitched their horses to the limbs ! S COMMERCIAL Morals.-The Rev. James Martinau; the great English preacher, has recently published a discourse on "Commercial Morals,' in which he says that ,,in the rapid expansion of d relations and the haste of human affairs, practices 1. slide insensible into existence and get a footing as n usages, before any conscience has time to estimate them; and when they have won the sanction of e precription they soon shape consciences to suit se them, and laugh at the critic as a simpleton, and e hurry on the crash of social retribution." He adds: 1e The defences frequently put forth for the ques 10 tionable usages on which I have touched, seem® to 8shed a painful light upon the inner ethics of mod 1e ern trade. Indicating as they do a wide-spread m confusion of sentiments, a drifting judgment with out moral compass to steer by in newly opening elatitudes of human affairs, they arc more startling re to the thoughtful observer' than the exceptiona ut cases of individual fraud which less corrupt the Id popular fancy, because they speak more plainly for themselves. There has not been an execution in Maine for twenty four years.

9. October 12, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 12, 1857

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DISCREDITED BANKS. The following IS a corrected list. todate, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, H I. America Bank, Trenton. N:J., Agricultural Bank, Tenn: Agricultural bar. K; herkiner, N. Y. Bergen County Bank N.J. Bank 01 Canandaigtta, N.Y. do Napervilie, Iii. do Beleville, de Nashville, Tennessee. do do Springfield, Ohio. do Toumseh, Michigan. do Orieans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R.I. do Halloweit, Me. do America, Tenn. do West Ternessee, Tenn. do Paris, Tenn. do Corning. N.Y. do the South County, R.I. North America, Connecticut. do do Kanawha. Virginia. do Elgin, III., S. S., small circulation. do the Capitol, Indianapolis, Indes. S. do Middleton, Penn. do Watertown, N.Y. des Chester, Li. do Eigin, do do Pike County, Ill. Central Bank, Indianapolis, Ind.,,s. Chemung County Bank, Horse Heads, N.Y.,s.s. Clinton Bank, Columbus, Ohio. Cty Bank, N.J. Cum erland Savings Institute, Md. Commercial Bank, Columbia, S. C. Citizens' Bank, Tenn. Corn Exclusive Bank, III. Charter Oak Bank, Hartford, Conn. Colchester Bank, Com. Danly Bank, Vt. Davton Bank. Ohio. Dairyman's Bank, Newport, N.Y. Ellsworth Bank. Maine. Exeter Bank. N. H. Exchange Bank. Pittsburgh, Pa Exchange Bank. Hartford, Corn. Farmers' Bank of Saratoga Co., N. Y.,s.s Farmers' and Mmmufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickfort, R.1. Farmers & Mechanics' Dabs ent county, Md. Farmers and Merchants' Bar Md. Eairfie County Bank, Nor alk, Ct. Farmers N Arechanics' Buk, Detroit, Mich. Honesdale Bank, Pennsylvania. Hollister Bai k, Buffalo, N. Y.,s.s. Harcock Bank, Maite. Hugenot Bank, N.Y. H pkinton Bank, Westerly. R T. Hamilton Exchange Hank, Hamilton, N.Y. Island is Bank. Yreity, Jefferson 1 anty Bar K. N.Y. Lee Bilik, Massa have ts: Mechanics' Banking Association, N. Y., Mount Verhon Bank, Providence, R. I. Maratine Bar K, Maine. Monson River Bank. Mark Madomb County Bank, Mehigane Mechanics' Banking Association; N. Treity, Morizan Bank, Ga. Miami Valley Bar K, Ohio. Medina Bank, Medina, N.Y. Munson Bank. Mass. M rehants & Manufacturers' Bank, Pittsburgh, Pa. Mercantile Bank. Hardford, Coub. N.Y. Security Bank, N. Y. Nebraska money has been thrown out by St. Louis brokers, excepting the Banks Florence: Niagara River Bank, Tonawanday N.Y., reported failed, S.S. Ontario Bank, Utica, N.Y. Ohio Life Trust Company, lon'tissue rotés: Oliver Lee & co. Bank, N. reported failed, S. S. Ocnee Bank: Tenn. Outario County Bank, Phelps, People's Bank, N.Y city. reported failed, S: S. Paweatuck Bank, Paweatuck. Ct. Port Plain Bank, N. Y..s.s Reciprecity Bank, Buffak, N. YL. frew bank, S. Rhode Island Central Bank, R:1: Sanford Bar K/Me. Sackett's Harber Banks N. South Royalton Bank, It. Seneer County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N.Y. Warwick Bank, R. I. Wonster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. S." means securet by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.

10. October 14, 1857 The Burlington Weekly Hawk-Eye Burlington, IA
Article from The Burlington Weekly Hawk-Eye, October 14, 1857

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TELEGRAPHIC. 5. Philad liphing Un Much stockholders legislature discovery bonds the extending a individually liable for all the debts of the pany thereafter with provision use of include bonds which may be issued in He bonds alrea dy existing New York, Oct. 6. The screw unship City of from Liverpool noots:28-1 use. arrived here here morning this Great activity prevailed in zland in send ing. reinforce to India. The overland mail stramer Was 10 take 2000 troops from Malta to Alexandria, to be sent through Egy of to India. Several hundred iroops will go out in succeeding steamers. The India Company had decided to engag American and Europeas the fleetent Lord Elgin's mission to Calcutan was to propose exchange of European for native Bengal reg iments, as the Indiana would prove effective and more trustworthy is Cantos than in their own country. Lord Elgin took with him to Calentia 1700 troops, and marines in naral brigade organized to proceed forthwith up the Ganges received dishad Government French The patches from Indian. lag that the Gov ernor of Pondicherry ha called upon the Admiral of the French fleet in the Indian seas. for some ships of war. Gen. Neil at Cawnpere the high caste, or Brahmann, whom be could cap. ture, to collect all the bloody clothes of the victims and was the blood from the floors, their movements being accel rated by the ap plication of cat. Afterwards the Sapoys were hanged one after another. One hundred Austrians offi ers have offered to serve India. London letter in the Puris Patrie asserts that Salif was marching upon Lucknow at the head of 150,000 insurgents and as he was with. in four days of Gen. Havelock was considered certain that he would effect junction with the insurgents before the English General arrived. The Fort of Lucknow was well supplied with provisions and ammu mitious. It was deemed impregnable Advices from St. Petersburg report a great storm and fire on the Sandago Canal. 200 country crafts with their rgoes of produce recked. The following is said to be the result of the new election in Moldavi Out of 87 electors 66 have declared for the union of the Princi palities, against, a neutral. The election at Wallachia is to commence on the 18th. The Persian troops have evacuated Herat. Detroit, Oct. 6. The Farmers & Mechanics Bank, of this city. has been placed under in junction by the Attor ney General Hartford, Oct. 6 The Charter Oak Bank, the Mercantile Bauk and the Exchange Bank, suspended specie pay ment this morning The officers of all the other banks met last night and resolved not to suspend. New York, Oct. 6 Bills of the Lee Bank, Mass, Mercantile Bank Charter Oak Bank, and Exchange Bank, of Conn., and the Bank of W atertown, N.Y. are thrown out to day The Weare Bank N. H. was thrown out. The Bills of the Bank of Lima, N.Y., were again taken. convention, said to be composed of dele gates from the Working Men's Society, assem bled last night and adopte series of resolutions, strongly opposing State Prison Convic Labor, and endorsing the Democratic State Ticket, with the exception of Hiram Denio, Jr in whose place Hiram Ketchum was nominated The work on the sto pendioous Bergeu Tunnel which has for some time been partially stopped, wholly suspended yesterday morning, thus throwing out of employment about eight hun dred men. 6. Oct. Boston, Judge Merrick, on motion of the Bank Com missioners, has granted temporary injunction upon the Western Bank of Sp ringfield, Mase. Harrisburg, Pa Oct. 6. The Legislature courened to-day. Gov. Polmeasures lock delivered his message suggesting for the relief of the banks and public. Buffalo, Oct. 6. opens to-morrow The New York State Pair The entries up and continues for three days. greater number to this noon are over 2.500.than ever before made. The weather very favorable. Boston, Oct. 7 The royal mail steam ship Canada sailed from here at noon to-day, with 27 passengers for She takes out Halifax and 74 for Liverpool. $2,500 in specie. Augusta, Oct. 7 The returns in ddicate the re election to Congress of the Hon. James Seward in the First District. 7. Oct. New York, The attendance at the State Temperance Con vention small only 35 in all. great portion of time was taken up in discussing the merits of the Excise Low which was generally denounce in unmeasured to into enter It determined was terms any entangling alliance with existing parties but to urge prohibition, and the importance of supporting those only on their respective tick ets who were known to oppose the license principle. By the arrival of the City of Wash ington and Fulton there nothing later from India. Messra Harrison. Watson & Co., bank ers of Hull, had with failed large The Emperors of France and Russia met at ult the 27th St Ullgard Mexico accepts the mediation of France and England, and with Spain. The Emperors of Russia Austria were to Weimer on note The Liverpool Provision market sugar market was steady Consols closed 90 @ 901 Troy, Oct. 7 Colonel Richard J. Newelson, resident of Sand Lake in this county, and formerly an ex tensive and wealthy business man in Jersey City, committed suicide while in a fit of tempo rary insanity, at 4 o'clock this a.m. He first cut his throat and then threw himself before train cars on the Hudson Railroad. His body caused has event was dreadfully mangled. The profound sensation here. Harr burg. Oct. T to The Senate has adjourned till afternoon A allow the committees to propar business. bill was presented, authorizing a loan of $100, It occasioning 000 to the State Treasur much excitement, and there many enquiries made as to the necessity of such loan. Toronto, Oct. 7 E. Whitemore & Co., bankers, to-day Much BY mpathy manifested for them in consequence of their high character. 8. Oct. Buffalo, Third day New York State Fair. eather continues fine. It is estimated that there are 50,000 people on the ground to-day. The interest is of the most intease kind, and on the $8,000 had been received at the ticket office at 12 o'clock. Not an accident has hap the occasion. mar the to pened engine on the New York & Erie Railroad ran into the way Express East, the Buffalo & Erie this at crossing of the two in this city, seriously, but not fatally injuring seven persons. No one killed. The train was heavy loaded with passengers on their way to the State Fair. No through passengers on board. New York, Oct. 8. Messrs. Geo. Blies & Co., dry goods, ask an extension and will par with interest. The Hon. Le wis McLean died in Baltime a last evening. Bowen, Name & Co. hare failed. Amets

11. October 15, 1857 The Weekly Pioneer and Democrat Saint Paul, MN
Article from The Weekly Pioneer and Democrat, October 15, 1857

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Bank Affairs. HARTFORD, Oct. 6.-The Charter Oak Bank, the Mercantile Bank, and the Exchange Bank suspended specie payments this morning. The officers of all the other banks met last night. and resolved not to suspend. NEW YORK, Oct. G.-Bills of the Lee Bank. Mass.: Mercantile Bank, Charter Oak Bank. and Exchange Bank of Conn., and Bank of Watertown. N.Y., are thrown out to-day. DETROIT. Oct. 6.-The Farmers' and Mechanics' Bank, of this city, has been placed under injunction by the Attorney-General. BOSTON. Oct. 6.-Judge Merrick, on motion of the Bank Commissioners, has granted a temporary injunction upon the Western Bank of Springfield, Mass.