East River Bank (New York, NY)

Episode Information

Episode UID
2493798590694
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
249379859 hash
Start Date
October 10, 1857
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fadee0f8c17aa16a

Response Measures

None

Description

Suspension occurred during the October 1857 financial panic; receiver appointed and bank wound up by receivers.

Events (4)
1. October 10, 1857 Suspension
Cause
Macro News
Cause Details
Suspended amid the widespread October 1857 financial crisis and runs/withdrawals affecting many New York banks.
Newspaper Excerpt
The East River Bank has suspended.
Source
newspapers
2. October 12, 1857 Receivership
Newspaper Excerpt
RECEIVER APPOINTED. David S. Banks ... was this morning appointed Receiver of the East River Bank.
Source
newspapers
3. December 9, 1857 Other
Newspaper Excerpt
a desirable list will be offered ... by order of the Receiver of East River Bank (auction of assets).
Source
newspapers
4. January 16, 1858 Other
Newspaper Excerpt
The Receiver of the East River Bank will declare the Second Dividend of TWENTY-FIVE PER CENT ... in full of all deposits
Source
newspapers

Newspaper Articles (21)
1. October 11, 1857 The New York Herald New York, NY
Article from The New York Herald, October 11, 1857

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New York, Sundav, October 11, 1857. The News. Advices from Kansas, dated at Leavenworth on the 8th inst., received at Washington, state that the democrats had carried the Legislature, and that it was believed Ransom had been elected to Congress. Accounts from St. Louis, of last evening, however, state that according to the estimate of free State men the republicans will have 24, and the democrats 15 members in the Legislature. Parrott is also said to have defeated Ransom by several thousand votes. At our lasts ccounts from Harrisburg the House had not succeeded in passing a bill legalizing bank suspension in that State. The Governor of Virginia has prohibited the notes of the Bank of Kanawha being received in payment of money due the State. The Bank of South Carolina is reported to have suspended yesterday. The East River Bank closed its doors yesterday. The bills, which Jare secured by State six per cent stocks, will be received as usual by the other city banks. The difficulty with the laborers at the Bergen Hill tunnel was brought to an end yesterday by their being paid off. Operations on the tunnel have been suspended for some days past, but will be resumed as soon as circumstances will permit. The Seventh Senatorial District Know Nothing Convention met last night at No. 435 Fourth avenue, and nominated John L. Riker, of the Twelfth ward, as their candidate for Senator. The vote stood:Votes.

2. October 12, 1857 Evening Star Washington, DC
Article from Evening Star, October 12, 1857

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The Financial Crisis, &c. NEW YORK. October 10.-The East River Bank has suspended. BOSTON, October 10-Financial matters continue much depressed; the merchants, however, are generally meeting the payment of their notes. No new failures are announced. The evening papers of to-day represent money matters as less favorable than yesterday, but there is no apparent excitement Thestock market has again commenced to decline under orders from holders to sell at the best rates offered. Bank stocks also share in the depression, and there are far more sellersthan buyers. The principal decline to-day, how ver, was in the shares of the Merchants' Bank, which fell off three per cent., closing at 95 bid. The report of the failure of the Boston Belting Company-Tappan & McHenry agents-was in. correct, and probably originated trom the fact that they stopped their works for the periodical cleaning of the machines It is said their assets exceed their liabilities $500,000. LOUISVILLE, October 10.-The failure of A. D. Mansfield, clothing warehouse, is announced today. Mr. Smith, the proprietor of Owens's Hotel, also found it necessary to make an assignment this forenoon. HEELING, Oct. 10-The report of the failure of the Manufacturers' and Farmers' Bank of this city is entirely false. That bank had only $25,000 in circulation previous to the suspension, and are now drawing in as fast as possible. The other banks of this city are in a sound condition. RICHMOND, Oct. 10.-The Governor has issued a proclamation prohibiting the notes of the Bank of Kanawha from being received in payment for money due the State, that bank having refused to redeem its notes and removed a large amount of its assets beyond the limits of the State. AUGUSTA, Oct. 10.--Reliable telegraph news from Charleston announces the suspension of the Bank of the State of South Carolina, a State institution, of which C. M. Firman is president. NEW ORLEANS, Oct. 10.-The cotton market has further declined one cent per pound since Wednesday, and middling is freely offered at 12 cents. The total decline within the past ten days has been four and aquarter cents per pound. Sterling has also declined. and the best bills on London are nominally 93a96, or from four to seven per cent. discount. In freights there is no change, and engagements are limited. DETROIT, Oct 9.-Produce is fast accumulating at this port. Very little is going forward, on account of the derangement in currency and the uncertainty of the eastern markets. The stock of flour on hand is larger than at any previous period of this season. The receipts of flour by railroad yesterday amounted to 2,250 barrels, and of wheat to 10,000 bushels. The Michigan Central Railroad boats plying between Detroit and Buffalo will be laid up as fast as they arrive at this port. [SECOND DISPATCH.] NEW YORK, Oct. 12.-Messrs. Corning & Co., bankers, suspended on Saturday. They were large stockholders in the Southern Bank of New Orleans. Kansas Election-Conflicting Reports. Sr. LOUIS, Oct. 10-The Republican has returns from Kansas which put down the Democratic majority in Leavenworth at 244, in Atchison 63, and Doniphan 50. In Johnson county the Democrats are reported to have a large majority, and the Democrats are understood to have been successful likewise in Jefferson. In Douglas county the Republicans are said to have a majority of 1,165, and in Shawnee a majority of 350. The Legislature, according to the same authority, is certainly Democratic, while for Congress, Parrott, the Republican candidate, is alleged to have been successful. Leavenworth advices state that by the returns of the Kansas election, received up to the 8th, only heavenworth county had so far given a Democratic majority. Returns, given as authentic, give a Republican majority in six counties of over 2,000 votes. Later advices from Kansas state that Parrott, (Free State,) for Congress, has a majority of from 5,000 to 8,000. According to the estimate of the Free State men the Legislaturestands: CouncilRepublicans 9, Democrats 4; House-Republicans 24, Democrats 15. Johnson county gives a Democratic majority of 250.

3. October 12, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 12, 1857

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Saturday was the dark day of a dark week. The consultation between the Bank officers and the merchants had resulted in nothing specific or encouraging, and it became more evident than ever that there was no sympathy of feeling or concert of action among our city Banks. Under such circumstances the policy of the more cautious is unavoidably followed, and any considerable increase of discounts becomes next to impossible. Stocks suffered a still further decline; exchange and money negotiations were as difficult as they have been. The East River Bank, a small concern, a statement of the affairs of which will be found elsewhere, suspended payment; and there was quite a run upon the Bowery Savings Bank by small depositors-some of whom doubtless confounded this institution with the Bowery Bank-while others were frightened by a rumor that the latter had $50 000 in specie belonging to the matter in its vaults when it suspended on Friday. There were several important mercantile failures in the course of the day, which would of themselves have formed a fitting close to the disasters of the week. But they were thrown into the shade by the anuouncement that one of our great railroad corporations had made an assign. ment, and that the paper of two others had gone to protest. The following is the bulletin of the day: The ILLINOIS CENTRAL RAILROAD Co., assigned in consequence of inability to carry its large floating debt in such times as these. Its circular and the names of the assignees will be found in another column, where is also a statement of the retrenchments that it has been making on the line of the road. The NEW-YORK AND ERIE RAILROAD Co., notss protested. The MICHIGAN CENTRAL Railroad Co., suspended payment on its floating debt. The EAST RIVER BANK, suspended specie payment. Its notes will be received at par by the other banks.

4. October 13, 1857 New Orleans Daily Crescent New Orleans, LA
Article from New Orleans Daily Crescent, October 13, 1857

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DOMESTIC INTELLIGENCE. Financial. NEW YORK, Oct. 12.-The East River Bank has suspended specie payment. NEW YORK, Oct. 12.-Corning & Co., bankers, suspended on Saturday. They are large stockholders in the Southern Bank of New Orleans. CHICAGO, Oct. 12.-Wadsworth & Co. have suspended. Assets largely exceed liabilities. NEW YORK, Oct. 12.-The Grocers' Bank has suspended. The bank contractions during the past week exceed $5,000,000. The Pratt Bank closed to-day. WASHINGTON. Oct. 12.-The U.S. stocks redeemed at the Treasury to-day amount to $3,000,000. NEW YORK, Oct. 12.-The Bowery Savings Bank has received $607,000. The entire amount redeemed amounts to $3,500,000, leaving $1,000,000 now out. NEW YORK, Oct. 12.-The weekly bank statement shows an increase in specie of $76,000. Decrease of loans $4,180,000. Decrease of circulation $392,000. Decrease in deposits $4,677,000. AUGUSTA, Oct. 12.-The Southwestern Railroad Bank and Bank of South Carolina, at Charleston, both suspended this morning. There is a run on all the other Charleston banks. CLEVELAND, Oct. 12.-The Cuyahoga Steam Furnace Company has assigned. SOUTH-WEST PASS, Oct. 12.-The pilot-boat Cornelia, Capt. Chism, from Boston in sixteen days, (via Key West,) has arrived. British Consul at New York. NEW YORK, Oct. 12.-Ed.N. Archibald is appointed British Consul for this port. Death of G. W. P. Custis. NEW YORK, Oct. 12.-George Washington Parke Custis died at Arlington, Va., yesterday. Kansas News. ST. LOUIS, Oct. 12.-The Leavenworth Herald of the 7th says that large numbers of armed men came from Nebraska and voted the free State ticket. The Democrats claim both branches of the Legislature. Frize Fight. BUFFALO, Oct. 12.-At the prize fight between Lazarus and Hannegan, after one hundred and twenty rounds, occupying two hours and fifty-eight minutes, the stakes were withdrawn, neither conquering. Domestic Markets. CINCINNATI, Oct. 12.-Flour dull and unchanged. Whisky 15c. Wheat 80 to 90c. Oats 30. NEW YORK, Oct. 12.-Cotton is quiet. Flour dull. Wheat firm. Corn and Lard heavy. Mess Pork 22 to 30c. Whisky 20 to 21c. River Intelligence. VICKSBURG, Oct. 12.-The Uncle Sam passed down at 10 A. M., the St. Nicholas and Choctaw at noon, the Powell at 1. Rainbowat 5, Adriatic at 9, and Belfast at 10 P. M. Sunday. VICKSBURG, Oct. 12.-The Jno. Briggs passed down at 10 A. M., and the McRae at 1 o'clock, P. M. S

5. October 13, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 13, 1857

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Financial. NEW YORK, Oct 12-M The East River Bank of this city has suspended specie payment. Corning & Co.'s suspension is announced. The firm are heavy stockholders in the Southern Bank of New Orleans. CLEVELAND, Oct 12-M The Cuyahogo Steam Furnace Company has assigned. Assets $100,000 over liabilities. Two hundred men were thrown out of employment. Chicago, Oct 12-P M Wadsworth & Co., bankers, failed to-day. Assets 3 to 1 of liabilities. BUFFALO, Oct 12-P M The Pratt Bank hasclosed its doors. NEW YORK, Oct 12-P M The Grocers' Bank of this city suspended this morning. It is understood that the Bank contractions fer this weak will reach five millions. BANK STATEMENT.-Increase of specie, $76,000; Decreas of loans, $4,018,000. Decrease of circulation $392,000; Decrease of deposits 84 677,000. BOSTON, Oct 12-P M The Mich. Central Railroad asks an exten sion on paper maturing now, till funds are realized from the proposed loan. The coupons will be paid as usual. No change is necessary in the management of the road.

6. October 13, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 13, 1857

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SUPREME COURT-SPECIAL TERM-OCT. 12-Before Judge ROOSEVELT. Wm. Chaine agt. Edmund Coffin, &c. The defendants in this action, the well-known auetion house, during the year past received as agents of the platatiff. a manufacturer in Autrim, Ireland, promissory notes to the amount of nearly $100,000 for collection and transmission. On the defendants' failure, a large amount thereof was in their hands, and the fund created for the preferred creditors more than absorbed the whole. The plaintiff was not among such preferred creditors, and brought an action for the recovery n the notes and their proceeds. An injunction was granted onjoining the defendants and their assignee from paying out or transferring such proceeds, and an order likewise obtained noquiring Mr. Coflin to be examined in the action. The order was obtained by default, and this morning it was vacated, and defendants allowed to show cause, on the 16th, why such order should not be granted. In the matter of the application of John McNulty. &c.-Order granted. DECISIONS, The Muskingum Branch of State Bank of Ohio agt. William Hoge et al. The plaintiffs transmitted certain checks to the Ohio Life and Trust Company for collection. The latter Company, traudulently and in conte implation of insolvency, BS it is alleged, transfe ned them to William Hoge & Co., Brokers, defendants in this B11 t. An application was made to examine the defendants' books and papers, to enable the complaint to be drawn up. The motion was granted, but the order is to be so drewn as to confire the examination to the particular transactions in question, and not to amount to a roving commission. RECEIVER APPOINTED. David S. Banks of the firm of Banks, Gould & Co., was this morning appointed Receiver of the East River Bank. John H. Lewis et al. agt. The New-Granada Canal Company.-Motion to open inquest granted. &c. Until further notice, Chamber business in the Sa. preme Court will not begin until 11 a. m. During the rest of the October Term, none but short causes will be taken up.

7. October 15, 1857 The Potter Journal Coudersport, PA
Article from The Potter Journal, October 15, 1857

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We print in another column the Message of Gevernor Pollock to the Special Session of the Legislature, in regard to the Monetary troubles. We also give the telegraphic report of the latest action of that body in regard to the matter, It will be seen that the Legislature is disposed to adopt the Relief Measures suggested in the Governor's address, though the House is very backward in its action. The following is a brief summary of the main points of the proposed law to legalize the suspension of the Pennsylvania Banks: "The special correspondent of the NORTH AMERICAN states that the Comunittee of 13 appointed by the House, have agreed upon a relief bill, as follows -Legalize suspension until the 1st of March, 1858-extend stay of execution six months longer than is now allowed by law-compel all the Banks to receive the notes of other banks; no bank shall have power to discredit the notes of other banks, save upon a statement sworn to by the President and Cashier, and forwarded to the Governor, and filed in the Secretary's office; bank notes are to be receivable in payment for revenue by tax collectors; banks must redeem in specie their notes when paid for tolls or taxes." Should the above bill pass, it will relieve tho Banks from their presentstraight, but we think will ultim ately result to the great advantage of the New York bankers, as they will doubtless purchase the notes at a heavy discount from face, paying in their own currency; and at the time of the legalized suspension of the banks will present a large quantity of their notes for redemption in specie, thus transfering a large proportion of the specie capital of Pennsylvania to New York. The rivalry and jealousy existing between the cities of Philadelphia and New York will add much to the discomfiture of the Pennsylvania Banks in general. Business throughout the country is prostrated, and a general crash seems to be inevitable. When such houses as Harper & Brothers, Genin, Bowen, McNamee & Co., Choteau & Co., are obliged to suspend, even temporarily, there is evidentlyreal cause tofear a complete prostration of American business energy. It shows at once that a large amount of false capital is in use with us, and that when a business concern of any respectability fails, it is felt in business circles generally. The worst feature of this crisis is the great destitution it will produce among the working classes of the cities. Thou. sands are thrown out of employment, in the face of a probably severe winter, without 2 dollar to rely upon, and a chance of employment soon, beyond a possibility. Among the most recent bank failures WC notice those of the Grocer's Bank of New York, Pratt Bank of Buffalo and East River Bank New York, and some 12 other New York City banks have suspended. Western Banks are not yet much affected by the failures-indeed we do not see how they can be, as they have all the specie in their control. The following is a list of discredited Illinois Banks Bellville Bank, Bank of Chester, Stock Seenrity Bank, Corn Exchange Bank, Bank of Pike County, Bank of Elgin, The IIlinois Central Railroad has suspended payment. The N. Y. & Erie Railroad has also suspended, and the Directors call upon the Stockholders for aid to prevent the road from being sold. The State of New York has also failed to meet its estimates for

8. October 16, 1857 Ellsworth American Ellsworth, ME
Article from Ellsworth American, October 16, 1857

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Monetury. New York, Oct. 10. Reports were current this afternoon that the bills of the suspended Bowery Bank had been refused by the other banks, in consequence of the depreciation of the securities pledged for the redemption ot the bills : but like a thousand other plausible rumors, this had no foundation whatever.Rumors were also current beting one or two other banks, but they are destitute of any foundation. There is a growing feeling here amongst all classes of business men that the banks must extend their lines of discount, or that they and a large proportion of their patrons must inevitably suspond payment. Railroad stocks went down still lower Illinois Central bonds have fallen off $15 since yesterday and the shares 85. The Park Bank went through the run yesterday nobly, and came out to-day stronger in respect than before. There was a large business in State stocks, mostly lower prices. Bank stocks sold at a slight decline. There were rumors this afternoon affecting the credit of the heaviest houses in the city. H. A. Colt. whose failure is announced to-day, is the agent of Drake & Co. of Hivana The Bowery Bank goes into liquidation. Stocks at the Second Board were dull Missouri, 74 3-8 : Virginia, 70; Canton Company. 13; Erie Railroad, 3-4, Illinois Central, 64; Cumberland and Pittsburg, ; LaCrosse and Milwaukie, 5 14. NEW YORK, 11. The East River Bank, in this city, closed yesterday. Its circulation is amply secured, and its bills will continue to be received by the other Banks. AUGUSTA, Ga., Oct. 10. A telegraphic dispatch from Charleston announce the 808 pension of the Bank of the State of South Carolina, a State institution. RICHMOND. Va., Oct 10. The Governor has issued a proclamation prohibiting the natue of the Bank of Kanawha from being received in paym at for money out of the State, that bank having refused to redeem its note*, and removed a large amount of its assets beyond the limits of the State. NET ORLEANS. Oct. 10. M mey still tight The decrease of specie in the Banks for the week is $260,000. The decrease of deposits is but small, THE LARGEST GRANT IN THE WORLD. Same weeksago we gave a few facts in regard to the weight and demensions of Miles Darden, who died in Tennessee, and was said to be the largest man in the world. The Jackson Whig has the following additional partie ilars of the deceased, furnished by Rev. John Brooks : "He was twice married. His children are very large, but probably none of them will ever be more than half the weight of their father. He was quite active and lively, and labored until about four years ago, when he became SO fleshy that he was compelled tostay at home or be hauled about in a two-horse wagon. in 1839 he made a contract with a tailor to furnish him a suit of clothes for $50the cloth was to cost $5 per yard. Upon measurement it took twelve yards of cloth; so the tailor lost $10 and the making. The tailor states that three men, each weighing over two hundred pounds, put the cont on, buttoned it around them, and walked across the square at Lexington. In 1850 it took 13 1-2 yards of flax-cloth, a yard wide, to make him a coat. It took 16 yards of cambrie for his shroud, 24 vards of black volvet to cover the sides and lid of his coffin. 125 feet of plank to make his coffin. His coffin was8 feet long; across the breast 32 inches across the head 18 inches. across the foot 14 inches its depth 35 inches. He weighed in 1845, 871 pounds ; his height was7 feet 6 inches : his weight, when he died. as nearly as could be ascertained, was a fraction over 1000 pounds.'

9. October 16, 1857 Daily Nashville Patriot Nashville, TN
Article from Daily Nashville Patriot, October 16, 1857

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The New York Banks. The news from the city of New York is anything but pleasant in these times of disaster. Our telegraphic despatches of yesterday announced the suspension of the East River Bank We heard reports last night also of the Chatham Bank and the Grocers' Bank, that added to the gloomy news. It may be well, however, to state that neither of these banks stand among the financial monarchs of Gotham. The Chatham Bank has a capital of only $400,000, the East River $319,918, and the Grocers' $300,000 In the West these would be pretty considerable banks, but in New York they are small concerns. In New York City there are fifty-six banks, with an aggregate capital of $65,557,755. On the 3d instant, they had in specie in their vaults $11,400,413, with a circulation of $7,916,102. Their discounts for the week ending Oct. 3d, were $105,935,489, and their deposits $67,978,657. These vast figures will at once indicate the disaster that would follow the suspension of the lead ing banks of New York City The people may care but little for those that have fallen, but should the Commerce, with its capital of $8,222,000, or the American Exchange, with its $4,614 950, or the Metropolitan with its $3,800,000, or the Manhattan, Mechanics, New York, American, Repub. lic, Continental or Park, with their $2,000,000 and upwards;-should either of these mammoth institions suspend, it would be the beginning of trouble to which we are yet strangers.-Lou. Courier.

10. October 21, 1857 The Burlington Weekly Hawk-Eye Burlington, IA
Article from The Burlington Weekly Hawk-Eye, October 21, 1857

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Out of Employment. [From the N. Y. Times, Oct. 12.] Saturday was a blue day. A great many workmen, mechanics and clerk, as they got their week's wages, were discharged. Such men do not carry a very cheerful light to their homes, and there were consultations over economies yet to be practised in thousands of homes where it is a pittance that the most rigid economy can save. Among the establishments from which all the hands were diecharged, was Herring's Safe Factory-200 men in all-165 from factory proper, 35 from the foundry. One well acquainted with the cigar manufacture in the city, gives it as his opinion that 3,000 cigar makers are now thrown out of work. Some of them discharged from the shope try to pick up a poor living by manufacturing at their homes, and peddling them about the city. The stevedores and longsboremen are almost entirely unemployed. A long and solemn string of idle carts and cartmen was visible on Saturday along South street, where they are generally busiest. This great business thoroughfare, which is often so d thronged as scarcely to permit a free passage for vehicles, was without the usual jam. Carmen passed each other without the least dinger of collisions. g Shipping agents complain of a falling off in n the demand for men for ships. One house have p on their books about twenty vessels of all kinda for which they are to provide crews; but where they were formerly sending awsy half a dozen vessels, they are now dispatching only one or d two. ie The New York Hemp Company's factory in lo East Brooklyn, which employs over 400 hand st. and has been running on short time, stopped al, altogether last week, throwing many need persons out of employment. al The successive announcements of the stop by page of the East River Bank, and the failur of the Illinois Central and Erie Railroads o Saturday, were not likely to lessen the panic Cbut, added to the accumulated evil news of th ip week, it was no wonder that there were fouir la. frightened men, women, and children enoug to to get up a run on one-though on only one the city and one in Brooklyn-of the Savin ntBanks. About the Park Bank, where the ad was such a crowd all of Friday. it was quiet bthe head of Beekman street ever can be. ri-

11. October 28, 1857 The Spirit of Democracy Woodsfield, OH
Article from The Spirit of Democracy, October 28, 1857

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List of Suspended, Depreciated and Discredited Banks. Leather Manufacturers' Bank, New York City; Hudson County Bank, Jersey City; Broadway Bank New York City; People's Bank New York City; Bank of New York; Farmer's Bank, Petersburgh, Va; Union Bank, New Orleans; Marine Bank, N. Y. City; Tradesman's Bank, " " " " Artisan's Bank, Butcher's and Drover's Bank, New York city; Market Bank, New York City; " " St. Nicholas Bank, " " Pacific Bank, " " " " Irving Bank, " Merchants Exchange," " " North River Bank, " New York Exchange," " " Citizens' Bank, " " Ocean Bank, " " Chatham Bank, " " Bull's Head Bank, " " East River Bank, Pratt Bank, Buffalo, New York, Belleville Bank, Illinois; " Bank of Chester, Stock Security Bank, Illinois; " Corn Exchange Bank, Bank of Pike County, " State Bank of South Caaolina, Charleston;

12. December 9, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, December 9, 1857

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ADRIAN H. MULLER, Auctioxeer-Office No. 35 Wall-st. EGULAR SALE of STOCKS and BONDS, R THIS DAY. at 121 o'clock, at the Merchants' Exchange. -A desirable list will be offered comprising $3.000 New-York State Stocks, by order of the Receiver of East River Bank. Also, Firemen's Hope, Lorillard M-tropolitan, Harmony, New. World and other good Insurance Stocks, together with Continental and Commonwealth Bank New-York and Virginia Steamship Company. and other desirable Securities. Regular sales of Stocks. Bonds and Business Paper, every WEDNESDAY and SATURDAY. Special sales on all other (2310) days.

13. December 9, 1857 The New York Herald New York, NY
Article from The New York Herald, December 9, 1857

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DRIAN H. MULLER, AUCTIONEER.-OFFICE, 35 A Wall street.-Regular Sale of Stocks and Bonds.-This day, at 12½ o'clock, at the Merchants' Exchange, a desirable list will be offered, comprising $13,000 New York State Stocks, by order of the Receiver of East River Bank: also, Firemen's, Lorillard, Metropolitan, Harmony, New World, and other good insurance stocks, together with Continental and Commonwealth Bank, New York and Virginia Steamship Compa. ny, and other desirable securities. Regular sales of stocks, bonds and business paper every Wednesday and Saturday. Special sales on all other days.

14. December 21, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, December 21, 1857

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BROADWAY BANK, NEW-YORK Dec. 19, 1857. IXTEENTH dividend. A ASEMI- annual DIVIDEND of FIVE (5) PER CENT ou the Capital Stock of this Ba: is (from themearniags of the current six months) will be paid on and after the 2d day of January en.utors The Transfer Books will be closed from the 24:0 that nota J. L EVERITT, Cashier. the day of payment AST RIVER BANK - The Receiver of the E East River Bank will declare a DIVIDEND OF S&VENTY-FIVE PER CENT on all deposit 8 in said Bank on the D. BANKS, Receiver. 22d that TUESDAY NEXT. AST RIVER SAVINGS BANK. No 3 ChamE bere-st. two doors from Chatham.-Interest at the rate of 6 per cent per anoum will be paid on same from BSto $500 is. clusive, and 5 per cent on sume over $500, All money deposited on or before the 9th day of January willdraw Interest from the let of January Bank open daily from 10 & IN to 2 P m. and on Thursday from 5 to 7 P m. PETER H TITUS, President. C A WHITNEY, Secretary. OTICE Bondholders, holding a majority, in N amount of the Second Mortgege Bonds of the Northern (New-York) Railro ad Company, having demanded, in writing that the undersigned CALL B MEETING of said Bondholders, for the purpose of forming a new Railroad Corporation, pursuant to the Statute in such case made and provided, the undersigned hereby give notice that such meeting will be held at the Station-Bouse, at Rouse's Point. in the County of Clinton, Ste of New York. on THURSDAY, the Stat day of December, instant, at 4 o'clock in the afternoon of that day.-Dated Doe W. A. WHEELER, 3, 1857. A C. BROWN, J 8 EEDRIDGE, Trustees of 2d Mortgages Northern R R. Cd.

15. January 15, 1858 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, January 15, 1858

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# EAST RIVER BANK. The Receiver of the East River Bank will declare the Second Dividend of TWENTY-FIVE PER CENT, and in full of all deposits made in said Bank on the 16th day of January inst., SATURDAY NEXT. D. BANKS, Receiver.

16. January 15, 1858 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, January 15, 1858

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the speculative movement apparently gathering ume as the ball rolls on. Toledo had a tolerably steady market, with a small improvement. Michigan Southem was dull but not plentiful at quotations, the sales reaching but 50 Chares during the day. Rock Island advanced to 70½, but the stock was more freely supplied before Adjournment of the Board, and it was dull at 70 88 the session closed. Galena was steady at 73, Illinois Central sold at 90 to a fair extent, but was not strong. La Crosse advanced 1. I'v the Second Board the market had a dull tone, and prices for nearly all of the leading shares were a sh ide lower. Erie fell off 1, Rock Island 1, New-York Central 1. Reading was firm. The last quotations given in the street were for New-York Central 791; Reading, 561; Erie, 20f; Seuthern, 201; Rock Island, 692; Cumberland, 13; Missouri 6F, 84, &c. Pending the arrival of another European steamer, or something of a stimulating character in the way of news, the stock market manifests a languid and undecided feeling. The speculative appetite for the moment lacks food for excitement; but there is too much resisting power in the peculiar state of the money market to tempt operations for 8 decline, and, while the bulls continue quiet, the market suffers no material depression, but loses its activity and spirit. Another steamer from Europe, with news which can scarcely fail to be favorable, is close at hand, and its arrival is quite likely to induce more extensive movements in the stock market. The business in foreign bills for the Baltic is not yet active, but quotations are firm, and in Francs an advance has been obtained, the supply of commercial signatures being moderate. We quote Sterling 108 @ 1092 for 60 days, 111 a 112 for sight. Francs are 5.221 @5.15 for leading signatures. Freights are without change. To Liverpool, 2,000 bbls. Flour at 1s. 9d. a 1s. 10±d.; 16,000 bushels Corn in bulk at 42d. @5}d., and 6,500 bushels Wheat at 51d.; 200 bales Cotton at 3-16d.; 220 bbls. Rosin at 1s. 9d.; 50 tuns Oil Cake at 17s. 6d. To London, 150 tes. Beef at 4s. 9d.; 50 boxes Bacon at 25s. A schooner of 150 tuns to Spanish Main and back for $1,300. The business of the Sub-Treasury was: Receipts, $110,037 from Customs, $65,000; Payments, $107,017 93; Balance, $2,952,648 30. The Republic Fire Insurance Company has declared a cash dividend of 6½ P cent, payable 25th inst, also a scrip dividend of 31 P cent on the earned premiums of the year, payable 9th February prox., making 1051 P cent of scrip dividends declared by this Company during the last four years. They have also declared an interest dividend of 6 P cent upon the outstanding scrip, payable in cash on the 9th Feb. The Rutgers Fire Insurance Company have declared a semi-annual dividend of 8 P cent, payable February 2. The Astor Fire Insurance Company a dividend of 5 P cent, payable 15th inst. The Newton Copper Face Type Company, a dividend of 3 P cent. The New World Insurance Company 5 P cent, payable on demand. The Bank of Savings, in Bleecker street, has declared the usual dividend, payable on the 18th inst. The Bowery Savings Bank, the usual halfyearly dividend, payable on the 18th inst. The Lamar Fire Insurance Company, a semi-annual dividend of 5 P cent, payable on the 20th inst. The New-York State Bank, Albany, a semi-annual dividend of 4 ₩ cent, payable on the 21st inst. The business of the Clearing House was $13,735,661. The Receiver of the East River Bank will declareon Saturday next the second dividend of 25 P cent, and in full of all deposits in that Bank At the bidding for the Chicage, Burlington and Quincy Bonds, alluded to yesterday, $1,114,000 were bid for at 694@76}, and $563,000 were awarded at 70 761, producing all the money required by the Company. The December earnings ef the Cleveland and Toledo Road show a decrease of $25,000, as compared with 1856. The Terre Haute, Alton and St. Louis Road earned in December, 1857, $51,177 08. The first week in January in Rock Island shows a falling off of about $9,500. The revenue of the Baltimore and Ohio Railroad for the month of December was: Wash'n Total for

17. January 26, 1858 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, January 26, 1858

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We heard of about $200,000 in gold going to Boston for the Wednesday steamer, and the amount will probably be increased. There is already considerable inquiry for the next Cunarder from this port. The private advices by the steamer are quite as favorable as the printed accounts, and there is a renewal to son e extent of the orders from London to purchase our securities. Orders have been received for NewYork Central, Erie, Michigan Central, and Illinois Central securities and State stocks, but in many cases they are limited too low to be executed. Some Erie and Illinois Central bonds have, how ever, been purchased. The advices in regard tot he progress of the Illinois Central loan are favorable. The subscription exceeds $1,100,000, with two or three other large subscriptions promised but not yet in, The taking of the loan is considered as certain. The Erie managers have received no advices. Mr. Moran being known to be near at hand, the parties in interest in London did not write by this steamer. A letter, however, received by another party expresses great confidence that the Company will receive the aid asked for. A movement is in embryo in the State of Wisconsin having for its object the relief of the various counties, cities and towns from the very oppressive burden of debt which they have incurred in rendering assistance to railways in that young but flourishing State. The plan is to obtain the passage of a bill by the Legislature now in session, authorizing the State to assume these loans, and to consolidate them by exchanging therefor 6 P cent State stock at par value, at the same time making provision by a moderate tax upon the income of the railways aided for & sinking fund which shall eventually extinguish the entire debt in its accumulation. As a preliminary measure, it will be necessary to amend the Constitution, which now limits the amount of State debt to $100,000; and this amendmen it is proposed to submit to a vote of the people as soon as the Legislature makes the necessary provision there for. If the result is in favor of the amendment, an extra session of the Legislature may be called, in order to complete the movement as speedily as possible. The total amount of loans of this character now outstanding is not far from five millions of dollars, at rates of interest varying from 7 to 8 P cent, and there is hardly a city in the State, of any importance, which has no loaned its credit to aid the prominent lines of road, either completed or in process of construction. Among them are includedthe cities of Milwaukee for $1,500,000; Watertown, $400,000; Racine, $300,000; Kenosha, $200,000; Oshkosh, $175,000; Fond du Lac, $150,000; Sheboygan, $150,000; Madison, $100,000; Beloit, $50,000; and the towns of Jefferson for $50,000; Koshkonong, $50,000; Columbus, $30,000, &c. The improvements for which thesedebts have been contracted have developed the State of Wisconsin to an extent which could not have been accomplished in any other way in 80 brief a space of time. They have opened her markets to the rapidly growing trade of Minnesota and Iowa, and have given access to the valuable pineries of the North. The advantages have not only been immense but they have accrued to the whole State, diffusing throughout its length and breadth the fresh and vigorous life-current of enterprise and trade. We hear from Philadelphia that the six-million loan for the Reading Railroad Company has been all taken, a considerable portion on English account, and a million or more at Boston. The information, however, is not official. Mr. David Banks, Receiver of the East River Bank, is paying a dividend of 25 $ cent to depositors. Mr. John A. Stewart, the Receiver of the Bowery Bank, will, it is presumed, be ready by the 1st of March to pay the greater portion of the remaining liabilities. The books of the Milwaukee and Mississippi Road close this afternoon for the annual election, and will open February 10. The following sales were made at auction this day by S. Draper: $2,000 Missouri Int. added 841 Int. added 734 $1,000 New-York and Harlem Railroad 78 Int. added 301 $2,000 Watertown City 88 Int. added 45 $1,000 La Crosse and Milwaukee R. 78 $1,000 Chicago, St. Paul F.du Lac 1st Int. added 30/10 shares Hanover Bank 814 15 shares Artisans' Bank 75@76 87 20 shares Commonwealth Bank 10 shares Bank of Commerce 1001 95 10 shares Continental Bank 671 10 shares Pacific Mail Steamship Company

18. March 8, 1858 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, March 8, 1858

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-three millions of gold in bank, with no prosp is of a demand for many weeks to come. The lost thought. will also show an increase. The East River Bank is out of the hands of the Courts and will soon apply for readmission to the Cleaning House, and will makeits exchangesthroug the Manhattan Bank. English holders of Cleveland and Pittsburgh third mortgage bonds have commenced proceedings to foreclose the mortgage. The affairs of the Company are in a state of great disorder and embarrasement. A Committee of the Directors have been in town for some time past, endeavoring to disentangle its affairs with the Ohio Trust Company, but as yet have not arrived within one or two hundred thousand dollars of a result. It has been agreed by the Trust Company to accept bonde for the balance whenever it can be ascertained. The Metropolitan certificates are now down to $974,000. We understand that in furtherance of the reformatory and economical measures which are now doing so much for the Harlem Railroad, the Directors have resolved to concentrate all their offices at the depot corner of Fourth avenue and Twenty-sixth street, including the Treasurer's office now in Pine street-the removal to be effected before the 1st of May. The Clearing House and the Bank of New-York will move into the new building erected by the latter institution, in the corner of Wall and William streets about the 15th inst. The business of the Clearing House to-day was $14,789,283. The five dollar notes and upward of the Union Bank at Dover, New-Jersey, formerly redeemed by Carpenter and Vermilye, are now redeemed by the Mercantile Bank. There is but little movement yet in real estate, and the auctioneers find but little employment for their hammers. Prices are fairly sustained, but are generally 80 high as to prevent transactions. There are plenty of capitalists willing to invest but they do not find holders willing to make the necessary concession. Throughout the late panic good real estate in the city has suffered much less than Stocks or many articles of merchandise. In Treasury Notes there is not much doing. The quotation is #@1 cent dis. count. No deposit has yet been made here upon bids for the new issue, as bidders are disposed to wait until the latest moment to take advantage of any change in the Money market. The tunnage of the Reading Railroad this week is 19,156 tuns. S. Draper's regular daily sale of bonds and stocks will take place on Monday, at 121 o'clock, at the Merchants' Exchange. Albert H. Nicolay's regular daily auction sale of stocks and bonds will take place on Monday next. March 8, at 121 o'clock, at the Merchants' Exchange. The following is a comparative statement of the Foreign Imports for the week and since Jan. 1: 1858. 1857. 1856. For the Week. $ 1,187,879 1 278 546 31,566,255 Dry Goods 1,370,060 1,440,905 1,939,562 General Merchandise $2,557,939 $2,719,451 Total for the Week $3,505,817 16,639,077 43,018.429 28,106,676 Previously reported Since January 1 $31,612,493 $45,762,830 $ 19,197,016 The following is a comparative statement of the Exports (exclusive of specie) from New-York to foreign ports for the week and since Jan. 1: 1858. 1857. 1856. $811,944 $ $1,539,707 $1,823,237 Total for the week 8,047,546 9.037,938 9,493,505 Previously reported $8,859,490 $10,577,735 $11,316,742 Since Jan. 1 The exports of specie from this port for the week ending this day, and for the year 1858, were as follows: $2785.00 Sebr. Borussia, Hamburg. American Gold 3,000.00 Schr. Richmond, Porto Rico, American Gold 9,022.50 Schr. Richmond, Porto Rico, Doubloons 9,540.00 Bark Antagonist, Buenos Ayres, Doubloons 43,000.00 Bark N. H. Gaston, Barbadoes, American Gold 4.820 00 Steamer Africa, Liverpool, American Gold 35,150 76 Steamer Africa, Liverpool, Gold Bars 29,874.35 Steamer Africa, Liverpool, Sovereigns 1,512.30 Steamer Africa, Liverpool, Engly Silver 7,500 00 Steamer City of Washington, Live pool, Am. Gold 152.693.00 Steamer Arago, Havre, American Gold $297,897 91 Total for the week $9,472,541 46 Previously reported $9,770,439 37 Total 1858 The following is a comparative statement of the value of certain exports from the commencement of

19. March 11, 1858 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, March 11, 1858

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Mr. David Banks (of the firm of Banks, Gould & Co., law publishers), Receiver of the East River Bank, which failed during the suspension, has been attacked with paralysis, from which he will probably never recover. Mr. Banks was also President of the back, which is upon the eve of being readmitted into the Clearing-House.

20. March 13, 1858 The Daily Dispatch Richmond, VA
Article from The Daily Dispatch, March 13, 1858

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Prince Alfred, second son of Queen Victoria, has been appointed a midshipman in the Eurylaus, a 51-gun screw frigate, now getting ready for a three years' cruise. The America, which sailed from Boston for Liverpool, on Wednesday, took out no specie and only thirty passengers. Mr. David Banks, of New York, (of the firm of Banks, Gould & Co, law publishers,) receiver of the East River Bank, which failed during the suspension, has been attacked with paralysis, from which he will probably never recover. Mr. John Stanley Boyd, teacher of the Primary School at New Market, Frederick county, Md., was severely, and it was feared mortally, stabbed, on Thursday last, by one of the pupils, named Howard Bartholow. Frederick Wilhelm Barthold, Professor of History, and one of the most accomplished and voluminous historical writers in Germany, recently died at Griefswald. Col. Kennedy R. Owens, one of the wealthiest, most intelligent and enterprising farmers of Talbot county, Md., died on Saturday last. At an election in Dawson county, Ga., last week, a difficulty occurred between Charles Clark and Lewis Green, in which the latter was shot, and will probably not recover. Clark made his escape. James Kelly, convicted at Pittsburg of the murder of Henry W. Heissman, was on Tuesday sentenced to be hung. Gen. Seth Clover, of Pennsylvania, has been appointed Indian Agent in Kansas, vice McCaslin, removed. It is stated that L. Baugh has been appointed postmaster at Abingdon, Va., and G. B. Graves at Winchester, Va. Charles Matthews, the great English comedian, and his charming wife, are playing a brilliant engagement in Washington.

21. April 16, 1858 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, April 16, 1858

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The State Canals are to be opened on the 20th April. The business of the Clearing-House was $19,591,619. The Metropolitan certificates are reduced to $245,000. At the meeting to-day of the Cumberland Coal Company, Mr. E. H. Miller was elected a Director, and Mr. F. Bloodgood, who resigned yesterday, was reelected, vice Mr. E. W. Hinman, resigned. The amendments to the charter of the Company author. izing issue of a preferred stock, and also releasing the Company from the obligation to mine and ship annually a given amount of ecal, were ulanimously accepted. A circular embodying the plans of the Company is in preparation. The new parties who have taken hold of the affairs of this Company feel confident that with the increasing demand for this coal for locomotive and other steam purposes, and the reduced cost of transportation by canal and railroad, they can work the mines of the Company profitably. The bill in regard to the Mechanics' Banking Association, North River, East River and Grocers' Banks of this city, has become & law. This permits the reduction of their capital, and removes any objections which may have been raised by reason of their liabilities having been paid through Receivers. The annual meeting of the stockholders of the New Jersey Central Railroad for the election of nine Directors to serve for the ensuing year, will be held at Elizabeth. port on Monday, May 3. Three per Cent Treasury Notes are not plenty and are wanted for Custom-House purposes at 20 a 30c. ₽ $100. The Four @ Four and & half per Cents are worth about par, and the Five per Cents P cent premium. The cargo of the J ohn Gilpin, the loss of which ship we announ xed yes'erday, consisted of 6,394 bble., whale and 395 bble. sperm oil, and 227,693 to bone, valued at over $300,000. In COD. sequence of this wieck, bone has advanced, with large sales, 5c. t 1b. The movement of the Banks in the four principal cities of the Union, in which weekly reports are made, as shown by their last statements, is as follows: