Pennsylvania Bank - Philadelphia, PA

1. September 27, 1857 Nashville Union and American Nashville, TN

Article from Nashville Union and American, September 27, 1857

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BY TELEGRAPH. ho ST. LOUIS, Sept. 25.-Flour advancing, Wheat the declining, Red 1,12}; White Corn firm; Mixed 50; White 51 to 55; Oats firm 36 to 39; Hemp $90 to $100. CHICAGO, Sept. 25.-The case of the Steamer Effie Afton vs the Rock Island Railroad Company, which has been on trial for two weeks was closed toed He day. The Jury failed to agree and were discharged. he PHILADELPHIA, Sept. 25.-At a general conin ference of the Bank President held this afternoon, a temporary suspension of specie payments on checks and bills exceeding ten dollars, was resolved upon by all the banks of this City, to take effect to-morrow. PHILAEELPHIA, Sept. 26.-There is no concert of action among the banks. The "Pennsylvania Bank" has resumed business, with a total suspension of specie payments. The "Bank of Commerce" is paying out notes but no specie, The "Girard" is redeeming fives only. The "North America" and "Mechanics" are paying specie and certifying checks. The "Tradesman's" pays all bills and checks. All the banks are certifying checks, and generally pay specie on fives, but the "Consolidation," "Pennsylvanian," Township," and "City" Banks pay no specie at all. The Broker's board resolved that past sales of stocks and sales to come may be paid by certified checks on any of the city banks current on the day of settlement up to 3 o'clock. Private despatches received here anuounce the suspension of the Reading and Pittsburg banks. BALTIMORE, Sept. 26.-At a meeting of the Bank directors this morning it was resolved to suspend specie payment on all notes. PHILADELPHIA, Sept. 26.-Every department of business has about suspended. BALTIMORE, Sept. 26.-The suspension since ten o'clock is total with the exception of small change for customers. WASHINGTON, Sept. 26.-The Metropolis bank has resolved to continue spicie payments. The Bank of Washington has partially suspended. The directors of the Patriotic and Metropolis banks are now in conference. NEW YORK, Sept. 26.-The steamer Baltic sailed at noon. She took no spicie. Beverly Tucker and family are among her passengers. The reports current in Philadelphia that the New York banks are about to suspend is untrue. There are no signs of such a measure. CINCINNATI, Sept. 26.-Business is unsettled owing to reports of suspension of specie payment by the Boston, Baltimore and Pittsburg banks. A disyatch from Boston however says that Statestreet is much excited by Philadelphia advices, but the banks have largely increased their specie within a few days and there are no signs of suspension.The New England banks it is believed will be able to stand the pressure. NEW YORK, Sept. 26.-The Banks remained strong at the close of business, with no signs of suspension-money is sought for at increased rates of interest. BALTIMORE, Sept. 26.-The Farmers and Mechanics bank is cashing all its notes. All other banks have fully suspended. The excitement is subsiding, much surprise is expressed at the non-suspension of the New York City banks. WASHINGTON, Sept. 26.-The Metropolis bank closed firm. Considerable deposits have been made in the Patriotic and Washington banks since thesuspe ision. BOSTON, Sept. 26.-The banks have increased their specie four hundred thousand dollars during the past week and are stronger than they were a fortnight ago. No panic. W. B. Lovejoy, Clothiers have failed. The bills of the Hopkinston bank was refused by the Suffolk bank. CINCINNATI, 26th.-Flour 4 25a4 50. Wheat red 75. Oats 34a35. Whisky, 17. Sight checkson New York, 5 per cent premium. No failures. The Cincinnati Ohio and Trust Co. have assigned to Charles Stetson and members of the old Board of Directors. WHEELING, 26th.-A meeting of the citizens this evening recommend the banks of this city to immediately sospend specie payment, in consequence of the heavy run on the banks by foreign brokers and bankers. BOSTON, 26.-The Suffolk bank refusesthe notes of the Rhode Island Bauk. TRENTON, N. J., 26th.-James S. Stirling has failed. His assets are ample. A heavy run was made on our banks. Their liabilities were met. f NEW ORLEANS, 26th.-Cotton sales 1500 bales Operations are checked by the difficulty in passing exchange. Bacon, rib sides 15 1-2. Exchange dull.

2. September 28, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, September 28, 1857

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LATEST NEWS. THE RECEIVED BY MAGNETIC TELEGRAPH BANK DIFFICULTIES. THE BANKS OF PHILADELPHIA, PHILADELPHIA, Saturday, Sept. 26, 1857. Third and Chestnut streets are again the scene of excitement. Crowds surrounded the Savings Institutions before 9 o'clock 8. m. out two banks deposits, requiring weeks' They notice. decline The paying were besieged before 10 o'clock. The Pennsylvania Bank reopened, and is transacting business, but paying LO specie. The Mechanics' Bank is paying specie for tens. The Girard Bank has come to terms partially, re. deeming fives with specie, but refusing to honor the checks of depositors. Most of the other banks are marking checks good. There is no concert of action among the Banks each is apparently taking a different course. The Bank of North America is paying specie for tens, but issuing no notes on checks. The Bank of Commerce is refusing specie, but is paying out notes for checks. The following banks are paying specie for 5a: Commercial, Manufacturers and Mechanics', and PhiladelThe Farmers and pay The Northern Liberties pay specie phia. 10s. Mechanics' and Western specie for for bills in cases of necessity. The Bank of Penn Township, and the City Consolidation Bank pag nothing. All banks, however, except the Girard, certify checks. The Girard has entirely suspended business. Some of the banke will receive no deposits. 11:15--a. m. The Girard Bank is now paying specie for fives and certifying checks. The Tradesman's Bank pays everything, checks and all. The Bank of North America is paying all its notes. It received specie from New-York last night, and represents that it has more in its vaults than its amount of bills. It is certifying checks. The Board of Brokers passed a resolution this morning to the effect that all settlements in the purchase of stocks may be made by certified checks on any of the city banks current on the day of settlement. The Southwark Bank pays specie for all its bills. The Bank of Kensington pays for fives only. The Pittsburgh, Harrisburg, Lancaster and Reading banks have suspended. 7 p. m. A meeting of the presidents of the banks was hold this afternoon, and it is reported that a for want of concert of action they adjourned without arriving at any determination. It was thought they would determine on a full suspension, as practiced by some of the banks to-day, but which was not general on account of the North America, Mechanics', and some of the other banks receiving a supply of specie. There was also a meeting of the cashiers of the vs. rious banks, but their action is not yet known. 19 p. m. The bank presidents met to-night. They had & conference with the Governor, and asked him to call a special session of the Legislature for October 6, withthe view of affording relief to the banks from the penalty of forfeiture of charter imposed by the law of 1850. Several of the banks, however, as not acting under this law, including the Pennsylvania, Farmers' and Mechanics', Philadelphia and Western. The Governor expresses a desire to consult Attorney-General Franklin, who is not in town. No doubt the proclamation calling an extra session will be issued on Monday morning. PHILADELPHIA, Sept.27,1857. It is understood that the Governor has determined upon calling a special session of the legislature, to as semble on the first Tuesday in October. The prociamation will be issued to-morrow.

3. September 29, 1857 Daily Iowa State Democrat Davenport, IA

Article from Daily Iowa State Democrat, September 29, 1857

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LATEST N E WS. The Bank Panic in Philadelphi, Boston and New York. Philadelphia, Sep 26. Third and Chestnut streets are again the scenes of excitement, crowde surrounding the Savings Institutions efore 9 A. M. They decline paying out deposits, requiring two weeks notice. The banks were beseiged before ten o'clock. The Pennsylvania bank has reopened, and is transacting business, but paying no specie. The Mechanic's bank is paying specie for tens. The Girard bank refuses to do any business, and renders no satisfaction to depositors and bill holders. The Girard bank has now come to terms, partially redeeming 5's with specie, but refusing to honor checks of depositors. Most of the other banks were making checks good. There is no concert of action among the banks: each apparently taking a different course. The Bank of North America is paying specie for 10s, but is issuing no notes or checks. The Bank of Commerce is refusing specie, but is paying notes for checks. Philadelphia, Sep. 26-11:15 A. M. The Girard Bank is now paying specie for fives and certified checks. Additional excitement was produced by the board of brokers passing a resolution this morning to the effect that all settlementsin the purchase of stocks may be made by certified checks on any of the city banks current on the day of settlement. Privat: despatches say that the banks in Reading and Pittsburg have suspended, but the South Ward Bank pays specie for all the bills. The Bank of Kensington pays for fives only Boston, Sep. 26. There are no signs yet of a bank sus pension.-Our banks, as those of all New England are unusually strong, and it is believed they will successfully resist all pressure. THE MONEY MARKET. The money market presents a little variation from the rates ruling during the week. The nett gain of coin in the Banks for the week is little short of $100,000. The banks are considered stronger than two weeks ago, and are believed to be generally in a healthy condition. Bills of the Hopkins Bank, Wes terly, R I, were yesterday refused at the Suffo.k. New York, Sep. 26. Our banks are all strong. and the utmost confidence is exhibited in them. The course of Exchange on Philadelphia is at a complete stand. The only figure heard of fisan offer to sell Philadelphia funds at ten per cent discount. The banks have issued a circular on account of the suspension of the Philadelphia banks, notifying their customers that all collections maturing out of the city of New York, will, at the option of the dealer, be either recalled, or if paid, be subject to drafts of the banks payable in funds current at the point of payment.

4. September 29, 1857 The Davenport Daily Gazette Davenport, IA

Article from The Davenport Daily Gazette, September 29, 1857

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LATEST NEWS Bank Matters in and Other Cities. Pennsylvania Bank & Girard Bank Re-opened. New York and Beston Banks strong. 1 PHILADELPHIA, Sept. 26. Third and Chesnut sts. are again the scenes of excitement, crowds surrounding the Saving's Institution before 9 a. M. They decline paying out deposits, requiring two weeks notice. The banks were beseiged before 10 o'clock. The Pennsylvania Bank: reopened, and is transacting business, but paying no specie. for refuses to The tens. Mechanics The Girard Bank Bank is paying specio do any business, and renders no satisfaction to depositors and billholders. The Girard Bank bas now come to terms, partially redeeming S's with specie, but refusing to honor checks of depositors. Most of the other banks were making checks good. There is no concert of action among the banks; each apparently taking a different cou s T ie Bank of Nor. h America is pay ing specie for 10's. but is issuing no notes or checks. The Bank of Commerce is refusing specie, but is paying notes for check PHILADELPHIA, Sept. 26.-11:15 A. M. The Girard Bank is now paying specie for fives and certified checks. Additional exeitement was produced by the Board of brokers passing a resolution this morning to the effect that all settlements in the purchase of stocks may be made by certified checks on any of the city banks current on the day of settlement. Private despatches say that the Banks in Reading and Pittsburg have suspended, the South Ward Bank pays specie for all the bills. The Bank of Kensington pays for fives only Boston Sept. 26 There are no signs yet of a bank suspension. Our Banks, as those of all New England, are unusually strong, and it is be lieved they will successfully resist all pres sure. New York, Sept. 26 Our Banks are all strong, and the utmost confidence is exhibited in them. The course of exchange on Philadelphia is at u complete an stand. The only figure heard of is of of fer to sell Philadelphia funds at 10 per cent discount. The Banks have issued n circular on account of the suspension of the Philadelphia banks, notifying their customers that all collections maturing out of the city of New York, will at the option of the dealer, be either recalled, or if paid, be subject to drafts of the banks payable in funds current at the point in payment.

5. September 29, 1857 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, September 29, 1857

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BANK DIFFICULTIES. THE PHILADELPHIA BANKS. PHILADELPHIA, Monday, Sept. 28, 1857. The Banks are pursuing the same course to-day that they pursued on Saturday. The Girard Bank is paying out specie on five dollar bills, and the Mechanics' and Southwark on all their notes. The Bank of North America suspended about 11 o'clock, and the suspension will now probably become general. PHILADELPHIA, 12 M. The Mechanics' Bank now redeems notes of $5 only. The following banks also redeem fives only: The Consolidation, the Northern Liberties, the Mechanics' and Manufacturers', the Commercial, the Western, and the City. The Philadelphia Bank pays out no specie, but redeems checks with its own notes. PHILADELPHIA-1 p. m. The Pennsylvania Bank is now paying out its own notes for checks, but refuses specie. The Mechanics' and Manufacturers' Bank is paying no specie. All the Banks of the city have changed their course since the opening hour. Some of them refuse to certify checks, but give due-bills to deposit with other Banks. It is just rumored on the street that the Governor refuses to issue a proclamation calling the Legislature together, unless the Pennsylvania Bank is placed OR & par with the other Banks, and her notes received on deposit. All is confusion and disorder, but it is not attended with the excitement that has existed in former days of trouble. Every kind of business is completely paralyzed, and it is impossible to make collections. 9 P.M. The Board of Trade have determined to call a meeting for & public expression of the various business interests of the city, with reference to the proposed legalization of the suspensions, believing that the best interests of the community and the State will be subserved thereby. It was suggested at the meeting of the Board this evening that where parties have notes protested only because they refuse to pay other than in par currency, it is the duty of the collecting bank or agency to have that fact made as public as the protest. The Presidents of the Banks have agreed to rectore the Bank of Pennsylvania to & position at the ClearingHouse and to receive its notes and discount liberally for their customers. Had this been sooner done there would have been no suppensions. SPECIAL SESSION OF THE LEGISLATURE. The proclamation of the Governor to convene an extra session of the Legislature will be published to. morrow morning. The proclamation saye: Whereas & perious financial revulsion resulting in the suspension of epecie payments by the Backs of this and other States, and wheresa, the fatlure of many long established commercial houses is leading to the destruction of confidence and to a general embarrasement and deprese on in trade, and is threatening to affect, disastrously. the credit of the Commonwealth and the great industrial interests of the people, and it requiring prompt and efficient action to relieve the alarmed and suffering community, therefore, I convene the Legislature, to meet on the 6th of October, and adopt such measure as the present exigency requires." The Governor has not yet determined what course to pursue regarding a special session of the Legisla. ture. Two Committees-one from the Banks-are now in private conference with him. Much feeling is said to exist between the banks-some, which are incorporated under the old law, and do not forfeit their charter, opposing the call of the Legislature. It is stated that if the Governor does not countermand his order, the proclamation will be issued to-morrow morning.

6. September 30, 1857 True American Steubenville, OH

Article from True American, September 30, 1857

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Banks -Private dispatches announce the suspension of the Reading Banks. CINCINNATI, Sept. 26.-The Trust Company has made an assignment to Charles Stetson and the members of the old Board of Directors. BOSTON, Sept. 26.-State street was much excited during the day by advices from Philadephia, but the banks have made large additions to their specie within the last few days and remain firm.There are no signs of suspension and it is confidently believed that all the New England banks are able to stand the pressure. TRENTON, N. J., September 26.James S. Sterling, hardware merchant, has assigned. His assets are ample.-There is a steady but moderate run on our banks. Each bank has paid out about $8000 They are in à good condition. BOSTON, Sept. 26.-The failure of W. B. Lovejoy, clothier, is announced. The bills of the Hopkinton Bank of Rhode Island are relused at the Suffolk Bank. NEW YORK, Sept. 26.-New York City Banks. -There is no truth in the reports current in Philadelphis that the New York city Banks are about to suspend specie "payments. There are at present no signs of the adoption of such a measure. The following circular from the Banks has been issued "In consequence of the suspension of specie payments by the Philadelphia Banks, notice is hereby given, that all collectious for account of dealers at this bank, maturing ont of the city of New York will, at the option of the dealer immediately expressed, be either re-called or, if paid, be subject to drafts of this bank, payable in funds current at the point of said payment." Evening-Our banks remained strong to the close of business hours, and there are no signs of a suspension. Money in the street is largely sought for, and demands a higher rate of interest. WHEELING, Sept. 26.-At a meeting of the citizens of this city, held this morning. it was unanimously resolved that the banks of this city be requested to immediately suspend specie payments until the business interests of the community would justify a resumption. This action was taken in consequence of the heavy run that has recently been made upon the f banks by foreign brokers and bankers.The banks are abundantly able to meet their liabilities and no loss will be sustained by note holders or depositors in consequence of the suspension. PHILADELPHIA, Sept, 27.-It is under= stood that the Governor will issue a proclamation to-morrow calling the legislature together on the first Tuesday in October, r to take action on the Bank Suspensions of PHILADELPHIA, Sept. 26.-Philadelphia Banks.-There is no concerted actes ion among the banks. The Pennsylvania bank has resumed business, with a total

7. September 30, 1857 The Star of the North Bloomsburg, PA

Article from The Star of the North, September 30, 1857

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"THESE are HARD TIMES." Yes: and the extravagance, thoughtless speculation and wild debt-making has caused this panic over which its authors now lament. Everybody-went into business with borrowed capital and trying to forget that pay-day would ever come. Banks were borrowed dry by men who could not pay half their debts, and then, last winter eight millions and a half more of banking capital was created by act of Assembly and thrown before the people to tempt, corrupt, and debauch, the public mind into proflagacy and general bankruptcy. Prices went mad. Produce and labor all got fabulous sums; but neither labor nor produce will have any riches left them under the general collapse The result must be a return to first principles and the financial world must learn that business can only be safely done on actual and real capital and not on its fictitious representative. Some of the Philadelphia Banks have suspended specie payments-nearly all of them refuse to pay deposits. The best among them have and will weather through the storm. The Gerard and Pennsylvania bank, which have grown fat by State favors, are at the head and front of this movement for a general suspension. They are old offenders and after abusing now the generous confidence of the public, on which they had grown rich, they ought to be severely dealt with. Nearly one half of the country banks have also suspended. On last Saturday a rush was made upon the Danville bank and it soon declined to pay depositers anything, but during Saturday paid note holders. Gov. Pollock has issued a proclamation calling together the legislature on the 6th of October. But after what happened in that body last winter no person having any wit will expect any other than mischievous results from this session of seven days. Let no suspension be legalized There is no necessity for it, if the country is one half as prosperous and wealthy as these bank borers represented it to be last winter when they bored through charters for eight millions and a half new banking capital.— Let the legislature send back those borers to their haunts of infamy and maintain a constitutional currency for our Commonwealth; instead of branding her. with the lie of bankruptcy.

8. October 1, 1857 Marshall County Republican Plymouth, IN

Article from Marshall County Republican, October 1, 1857

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Bank Panic in Phiiadelphia. FINANCIAL MATTERS IN THE EAST. Philadelphia, Sept. 26. Third and Chesnut streets are again the scenes of excitement--crowds surrounding the Saving's Institution before 9 A. M. They decline paying out deposits, requiring two weeks notice. The banks were besieged before 10 o'clock. The Pennsylvania Bank re-opened, and is now transacting business, but paying no specie. The Mechanic's Bank is paying specie for tens. The Girard Bank refuses to do any business and renders no satisfaction to depositors and bill. holders. The Girard Bank has now come to terms, partially redeeming 5's with specie, but refusing to honor checks of depositors. Most of the other banks were making checks good. Private despatches say that the Banks in Reading and Pittsburgh have suspended. The South Ward Bank pays specie for all the bills. The Bank of Kensington pays for fives only. BOSTON, Sept. 26. There are no signs yet of a bank suspension. Our banks, as those of all New England, are unusually strong and it is believed they will successfully resist all pressure. NEW YORK, Sept. 26. Our banks are all strong, and the utmost confidence is exhibited in them. The course of exchange on Philadelphia is at a complete stand. The only figure heard of is an offer to sell Philadelphia funds at 10 per cent. discount.

9. October 1, 1857 The Weekly Pioneer and Democrat Saint Paul, MN

Article from The Weekly Pioneer and Democrat, October 1, 1857

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Monetary Affairs In the East. When the first failures which occurred in the East were announced. it was generally believed that the crash would be confined to the seaboard cities, where the stock gambling had prevailed to the greatest extent. and which was said to be the cause of the monetary crash. And as the cheering hopes of brighter times appearing, were seattered over the country, the Nation rejoiced in the apparent soundness of the financial world. But searcely has the sounds of gladness ceased to reverberate. until a more portentous cloud is seen to gather. and that too, in a section of country the least anticipated. In yesterday morning's PIONEER AND DRMOCRAT, the first indications of the rising storm in the firm. old Commonwealth of Pennsylvania were announced in the partial suspen sion of some of the strongest Banks in Philadelphia. Another day's later news has been received. and sad news it is to be sent forth from the Old Keystone. Read what the Telegraph announces. under date of the 26th: Philadklphia. Sept. 26, to A. M. Third and Chestnut streets are again the scenes of excitement. Crowds surrounding the Savings Institution before 9 o'elock, . M. They decline paying out deposits, re quiring two weeks notice. The banks were besteged before 10 o'clock. The Pennsylvania bank re-opened and is transacting business, but paying no specie. The Mochanics' Bank paying specie for tens. The Girard Bank refuses to do any business, and renders no satisfaction to depositors and bill holders. Most of the other banks were making checks good. There is no concert of action among the banks, each is apparently taking a different course. The Bank of North America is paying specie for tens. but issuing no notes or checks. The Bank of Commerce is refusing specie, but is paying notes for checks. PHILADELPHIA, Sept. 26, 12 M. The Girard Bank is now paying specie for fives and certifying checks. Additional excitement was produced by the news from Baltimore of the suspension here.

10. October 2, 1857 Cooper's Clarksburg Register Clarksburg, WV

Article from Cooper's Clarksburg Register, October 2, 1857

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The Banks. As will be seen by our columns o-day, there has been a general suspension of the banks throughout the country. The "crisis" that has for a long time been growling in the distance like an impending storm, has at length burst upon us, The Ohio Trust Company, & gigantic institution, went first, some months ago, dragging along with it several private bankers and brokers, and affording a number of mercantile men the opportunity of "suspending." These failures, suspensions, &c., were principally confined to New York. The other cities and business communities of the country were but little affected, and as long as the revulsions were confined to that Sodom and Gomorrah of mammon, no particular uneasiness was felt, as but little that is good is expected of those people. But last week a run was made upon the Pennsylvania Bank, at Philadelphia, supposed to be one of the most solvent institutions in the country, and it was compelled to "suspend" the redemption of its notes in specie. The Girard Bank, and two or three others, refused to redeem any of their notes of a larger denomination than five and ten dollars. The disability of these banks to meet their obligations created a general panic among all the bankers of the country. Meetings were held of the officers of the banks in different cities, at which it was resolved to suspend specie payments at once to, prevent the drain upon their vaults that would necessarily follow the suspension of the other banks. And so stands the whole business community of the country, waiting to see if "the thunder will strike any body else." What the end will be we must "let time and chance determine," but the probability is that after considerable fluttering among the birds and breaking among the bears, that business will move on as regularly and more healthy than before. This revulsion has been threatening for a long time ; and now the comet has struck, it will soon be ascertained who is hit and who is missed, and the information will have a tendency to restore alike confidence and business. So we would advise all our friends to keep cool and "wait for the wagon." We "don't believe there will be much of a t shower." In the mean time, if any of our friends who are owing for their subscriptions, advertisements or jobbing, dislike keeping their money on hand, we shall be very happy to receipt for a portion of it. All is fish that comes to our net, as our creditors are mightly glad to get anything.

11. October 3, 1857 Sunbury American Sunbury, PA

Article from Sunbury American, October 3, 1857

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THE SUSPENSION OF THE BANKS. The pressure and derangement in the monetary affairs of the cities, resulted in the suspension of specie payments by the Philadelphia Banks, on Saturday last.— The stoppage of the Pennsylvania Bank was, perhaps, the principal cause in Philadelphia. The country Banks must necessarily follow, as it would be impossible for them to sustain themselves while the city Banks' are in a state of suspension. There are no better or safer banks than those in our neighborhood and none will more regret the measures which has been thus forced upon them. The Governor has issued his proclamation for an extra Session of the legislature to meet on Tuesday uext. Consequently the old members will meet, but the Session must expire on the day of the election, the 13th instant.

12. October 5, 1857 The Evansville Daily Journal Evansville, IN

Article from The Evansville Daily Journal, October 5, 1857

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TELEGRAPHIC! TELEGRAPHED EXCLUSIVELY TO THE EVANSVILLE DAILY JOURNAL Financial. PHILADELPHIA. Oct 3-M. The Reading Railroad went to protest yest erday. Clark, Dodge & Co., N. Y., have suspended. The Pennsylvania Bank will probably go into line with other Banks on Monday. E. W. Clark & Co. announce that the suspension of Clark, Dodge & Co., will not interfere with their business.

13. 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.

14. November 10, 1857 Evening Star Washington, DC

Article from Evening Star, November 10, 1857

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THE PENNSYLVANIA BANK.-The stockholders of the Pensylvania Bank held a meeting at Philadelphia yesterday, when Col. Patterson, the president, and the board of directors resigned their posts. Resolutions were passed appointing a committee to investigate the frauds and select new directors. Col. Patterson said that no reports could be made under the present circumstances, but it was possible that by careful nurs. ing the debts of the bank could be paid, and perhaps the bank resuscitated. Many of the speakers denounced President Allibone in the most severe terms. John M. Dutton defended his character, and declared that he would return, and no one would dare then repeat the slander. Great confusion followed, and a storm of hissesand and groans interupted the speaker. A resolution to accept the act legalizing the suspension was adopted, when the meeting adjourned.

15. November 11, 1857 The Day Book Norfolk, VA

Article from The Day Book, November 11, 1857

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The Pennsylvania Bank. PHILADELPHIA, Nov. 9.-The stock holders of the Pennsylvania Bank held a meeting to-day, when Col. Patterson, the president, and the board of directors resigned their posts. Resolutions were passed appointing a committee to investigate the frauds and select new directors. Col. Patterson said that no report could be made under present circumstances, but it was possible that by careful nursing the debts of the bank could be paid, and perhaps the bank resuscitated.-Many of the speakers denounced President Allibone in most severe terms. John. M. Dutton defended his character, and declared that he would return, and no one would dare then repeat the slander. Great confusion followed, and a storm of hisses and groans interrupted the speaker. A resolution to accept the act legalizing the suspension was adopted, when the meeting adjourned.

16. November 11, 1857 The Day Book Norfolk, VA

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The Largest Circulation in the City. The News. The workingmen's demonstration, in New York city, on Monday, from which SO much was apprehended, although excited by inflammatory harangues from the leaders, was dispersed by the police without bloodshed. Marshal Rynders telegraphed to Washington for permission to employ certain troops in case the crowd attacked the Sub Treasury. The President and directors of the Pennsylvania Bank, at Philadelphia,have resigned; and a resolution accepting the act legalizing suspension has been adopted by the stockholders. "There was a slave case in Boston on Monday, the decision upon which was that the slave (a woman) could go whereever she pleased. She preferred to return with her master. It is said that Gen. Walker sails this week from New Orleans for Nicaragua, with 1500 troops, and plenty of provisions and ammunition. An important telegraphic item is, that the Vermonters are to have their Thanksgiving day, Dec. 3d. The Hanoverian Consul at the port of Boston, died last Saturday. The New York markets are: Flour buoyant; wheat, beef and lard steady; corn firm; Pork quiet; whiskey unchanged. In Charleston, S. C., on Monday, there were sales of 3,600 bales of cotton at 12 cents for good midling. In Augusta, Ga., the cotton market was buoyant, and prices had an advancing tendency. Virgiania sixes seem to be appreciating We note sales; yesterday, at first brokers' board in New York city, at 85}c, being an advance of 12½c, on Monday.

17. February 11, 1858 Worcester Daily Spy Worcester, MA

Article from Worcester Daily Spy, February 11, 1858

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Mr. Allibone Assigned. PHILADELPHIA, Feb. 10.-At a meeting of the stockholders of the Pennsylvania Bank it was announced that Mr. Alibone has assigned his property for the benefit of the Bank. A resolution for an assessment by the bank, was adopted, as also were resolutions censuring Pres. Alibone and Daniel Deal as colluding together in the common plunder of the bank, and desiring that whatever punishment the law reflects on such dishonesty shall be enforced.

18. February 11, 1858 Evening Star Washington, DC

Article from Evening Star, February 11, 1858

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IT A meeting of the stockholders of the Penn sylva nia a Bank was he Id in Philadelphia yeste . day afternoon, when it was announced that Mr. Allbone, the late president, had assigned his property for the benefit of the bank. The resolution for the assignment by the bank was adopted. Also, resolutions censuring President Allbone and Daniel Deal as colluding together in the common plunder of the bank, and declared that whatever punishment the criminal law inflicts on such dishonesty should be enforced.

19. February 11, 1858 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, February 11, 1858

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The Pennsylvania Bank. PHILADELPHIA, Wednesday, Feb. 10, 1858. At a meeting of the stockholders of the Pennsylvania Bank it was announced that Mr. Allibone has assigned his property for the benefit of the Bank. A resolution for an assignment by the Bank was adopted, as also were resolutions censuring President Allibone and Daniel Deal as colluding together in the common plunder of the Bank, and desiring that whatever pnnishment the criminal law inflicts on such dishonesty should be enforced.

20. February 11, 1858 The New York Herald New York, NY

Article from The New York Herald, February 11, 1858

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TELEGRAPHIC. PHILADELPHIA, Feb. 10, 1858. At a meeting of the stockbolders of the Pennsylvania Bank it was announced that Mr. Allibone has assigned his property for the benefit of the bank. A resolution for an assignment by the bank was adopted, as also were resolutions cansuring President Allibone and Daniel Deal as colluding together in the common plunder of the bank, and desiring that whatever punishment the criminal law in flicts on such dishonesty should be enforced.

21. February 27, 1858 Semi-Weekly Standard Raleigh, NC

Article from Semi-Weekly Standard, February 27, 1858

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A meeting of the stockholders of the Pennsylvania bank was held in Philadelphia yesterday afternoon, when it was announced that Mr. Alibone, the late president, had assigned his property for the benefit of the bank. The resolution for the assignment by the bank was adopted. Also, resolutions censuring President Alibone and Daniel Deal as colluding to gether in the conmon plunder of the bank, and declared that whatever punishment the criminal law inflicts on such dishonesty should be enforced.

22. July 19, 1884 The Republican Oakland, MD

Article from The Republican, July 19, 1884

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MISCELLANEOUS. -Le Dimenche, an Amiens paper, has discovered that next year is the 1,900th anniversary of the Virgin Mary's birth, and advocates a celebration. -San Francisco has organized a "Girls' Union" for the benefit of young women who are strangers in the city and who may need sympathy and assistance.-San Francisco Call. -A code of signals has been arranged for flirtation by means of parasols, but the code does not say what carrying a parasol just high enough to scrape the ear of every man passed in a crowded street means. Boston Post. -At Naples the other day a steel torpedo boat was launched, which had been built there for the Italian Government. In her trial trip she not only accomplished the stipulated speed (twenty miles per hour), but did twenty-one and a half miles, which is a long way the best time on record. -The wealth of the United States is estimated at $50,000,000,000; that of Great Britain at $40,000,000,000. The wealth per inhabitant in the United States is $900, and in Great Britain it is $1,000. In the United States seventytwo parts of the wealth go to labor, twenty-three to capital and five to government. In Great Britain forty-one parts go to labor, thirty-six to capital, and twenty-three to government.-Chicago Journal. -George Wilson, of Cleveland, O., has sued a firm of white lead manufacturers, hislate employers, for $10,000 damages, alleging that he and twc others were directed to clean out what was called the cog-wheel room, beneath the main floor of the factory, and that he did not know the dangerous character of the work, ond was made ill for a year, by the poisonous fumes of the lead. and eventually totally blind. His two fellow-workmen, he says, are dead. -Cleveland Leader. -Dr. Sturge, a medical missionary to Siam, relates how a native doctor administered an emetic to a love-sick lady who had swallowed a quantity of opium with suicidal intent. The scientist of Siam took a live eel, clipped off a part of his tail to makehim squirm in a lively manner, and then pushed him. tail first, down the romantic damsel's throat. When theeel returned to the stream of running water near which the girl was made to recline the opium quickly followed him. -"What's the matter with the bank?" demand an excited tonrist. "Closed," replied the calm citizen. "What," ex. claimed the excited one, "not closed?" "Shut up tighter than wax," asserted the calm one. "Well, that's queer," said the tourist. "Not ten steps away from where we now stand a citizen told me she was 'busted wide open,' and now you say she is shut up tight as wax. What liars some men are." And he made an entry in his note-book. -Burlington Hawkeye. -Recent defalcations and deficiencies bring to mind the case of a colored bank janitor who lived in Philadelphia in 1857. He had been in the service of the Pennsylvania Bank, the total wreck of which was one of the incidents of the panic of that year. As usual in such wrecks, there was a large deficiency. The books of the bank had been kept in such a mixed-up way that its affairs were in a great tangle. One day it was announced that the directors had found out how much the deficiency was. The old darkey thereupon put on all his dignity and remarked, "We don't care SO much about knowing how much de deficiency is; but de question dat agitates my mind, and dat agitates de mind ob de public, is, whar's de deficiency gone to." They never found out exactly where the deficiency betook itself.-Philadelphia Record.

23. August 14, 1884 The Bossier Banner Benton, Bellevue, LA

Article from The Bossier Banner, August 14, 1884

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MISCELLANEOUS. -Ie Dimenche, an Amiens paper, has discovered that next year is the 1,900th anniversary of the Virgin Mary's birth, and advocates a celebration. -San Francisco has organized a "Girls' Union" for the benefit of young women who are strangers in the city and who may need sympathy and assistance.-San Francisco Call. -A code of signals has been arranged for flirtation by means of parasols, but the code does not say what carrying a parasol just high enough to scrape the ear of every man passed in a crowded street means.- Boston Post. -At Naples the other day a steel torpedo boat was launched, which had been built there for the Italian Government. In her trial trip she not only accomplished the stipulated speed (twenty miles per hour), but did twenty-one and a half miles, which is a long way the best time on record. -The wealth of the United States is estimated at $50,000,000,000; that of Great Britain at $40,000,000,000. The wealth per inhabitant in the United States is $900, and in Great Britain it is $1,000. In the United States seventytwo parts of the wealth go to labor, twenty-three to capital and five to government. In Great Britain forty-one parts go to labor, thirty-six to capital, and.twenty-three to government.-Chi. cago Journal. -George Wilson, of Cleveland, O., has sued a firm of white lead manufacturers, hislate employers, for $10,000 damages, alleging that he and two others were directed to clean out what was called the cog-wheel room, beneath the main floor of the factory, and that he did not know the dangerous character of the work, ond was made ill for a year, by the poisonous fumes of the lead. and eventually totally blind. His two fellow-workmen, he says, are dead. -Cleveland Leader. -Dr. Sturge, a medical missionary to Siam, relates how a native doctor administered an emetic to a love-sick lady who had swallowed a quantity of opium with suicidal intent. The scientist of Siam took a live eel, elipped off a part of his tail to make squirm in a lively manner, and then pushed him, tail first, down the romantic damsel's throat. When the eel returned to the stream of running water near which the girl was made to recline the opium quickly followed him. "What's the matter with the bank?" demand an excited tonrist. "Closed," replied the calm citizen. "What," ex. claimed the excited one, "not closed?" "Shut up tighter than wax," asserted the calm one. "Well, that's queer,' said the tourist. "Not ten steps away from where we now stand a citizen told me she was 'busted wide open,' and now you say she is shut up tight as wax.' What liars some men are." And he made an entry in his note-book. -Burlington Hawkeye. -Recent defalcations and deficiencies bring to mind the case of a colored bank janitor who lived in Philadelphia in 1857. He had been in the service of the Pennsylvania Bank, the total wreck of which was one of the incidents of the panic of that year. As usual in such wrecks, there was a large deficiency. The books of the bank had been kept in such a mixed-up way that its affairs were in a great tangle. One day it was announced that the directors had found out how much the deficiency was. The old darkey thereupon put on all his dignity and remarked, "We don't SO much about knowing how much de deficiency is; but de question dat agitates my mind, and dat agitates de mind ob de public, is, whar's de deficiency gone to." They never found out exactly where the deficiency be. took itself.-Philadelphia Record.

24. September 13, 1884 The Colfax Chronicle Colfax, LA

Article from The Colfax Chronicle, September 13, 1884

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MISCELLANEOUS. -Te Dimenche, an Amiens paper, has discovered that next year is the 1,900th anniversary of the Virgin Mary's birth, and advocates a celebration. -San Francisco has organized a "Girls' Union" for the benefit of young women who are strangers in the city and who may need sympathy and assistance.-San Francisco Call. -A code of signals has been arranged for flirtation by means of parasols, but the code does not say what carrying a parasol just high enough to scrape the ear of every man passed in & crowded street means.-Boston Post. -At Naples the other day a steel torpedo boat was launched, which had been built there for the Italian Government. In her trial trip she not only accomplished the stipulated speed (twenty miles per hour), but did twenty-one and a half miles, which is a long way the best time on record. -The wealth of the United States is estimated at $50,000,000,000; that of Great Britain at $40,000,000,000. The wealth. per inhabitant in the United States is $900, and in Great Britain it is $1,000. In the United States seventytwo parts of the wealth go to labor, twenty-three to capital and five to gov. ernment. In Great Britain forty-one parts go to labor, thirty-six to capital, and twenty-three to government.-Chicago Journal. -George Wilson, of Cleveland, O., has sued a firm of white lead manufacturers, his late employers, for $10,000 damages, alleging that he and two others were directed to clean out what was called the cog-wheel room, beneath the main floor of the factory, and that he did not know the dangerous character of the work, ond was made ill for a year, by the poisonous fumes of the lead. and eventually totally blind. His two fellow-workmen, he says, are dead. -Cleveland Leader. -Dr. Sturge, a medical missionary to Siam, relates how a native doctor administered an emetic to a love-sick lady who had swallowed a quantity of opium with suicidal intent. The scientist of Siam took a live eel, clipped off a part of his tail to makehim squirm in a lively manner, and then pushed him. tail first, down the romantic damsel's throat. When theeel returned to the stream of running water near which the girl was made to recline the opium quickly followed him. -"What's the matter with the bank demand an excited tonrist. "Closed," replied the calm citizen. "What," exclaimed the excited one, "not closed "Shut up tighter than wax," asserted the calm one. "Well, that's queer," said the tourist. "Not ten steps away from where we now stand a citizen told me she was 'busted wide open,' and now you say she is shut up 'tight as wax. What liars some men are." And he made an entry in his note-book. -Burlington Hawkeye. -Recent defalcations and deficiencies bring to mind the case of a colored bank janitor who lived in Philadelphia in 1857. He had been in the service of the Pennsylvania Bank, the total wreck of which was one of the Incidents of the panic of that year. As usual in such wrecks, there was & large deficiency. The books of the bank had been kept in such a mixed-up way that its affairs were in a great tangle. One day it was announced that the directors had found out how much the deficiency was. The old darkey thereupon put on all his dignity and remarked, "We don't care so much about knowing how much de deficiency is; but de question dat agitates my mind, and dat agitates de mind ob de public, is, whar's de deficiency gone to." They never found out exactly where the deficiency be. took itself.-Philadelphia Record.

25. December 17, 1884 The Columbus Journal Columbus, NE

Article from The Columbus Journal, December 17, 1884

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MISCELLANEOUS. -A San Francisco newspaper reporter is to marry a lady worth $4,000, 000. Newspaper men do not seem to care for money. Boston Past -Le Dimenche, an Amiens paper, has discovered that next year is the 1,900th anniversary of the Virgin Mary's birth, and advocates a celebration. -San Francisco has organized a "Girls' Union" for the benefit of young women who are strangers in the city and who may need sympathy and assistance.-S Francisco Call. -Concerning the dampness and unhealthful condition of new brick houses, it is an old saying that the owner of a new brick house should let it be occupied during the first year by his enemy, during the se ond by his friend, and during the third by himself.Troy Times. -At Naples the other day a steel torpedo boat was launched. which had been built there for the Italian Government. In her trial trip she not only accomplished the stipulated speed (twenty miles per hour), but did twenty one and a half miles. whi h is a long way the best time on record -A bachelor's society with matrimonial tendencies and provisions has been formed in Marlem, N. J. Only young men are eligible. They pay a monthly due of five dollars and agree to remain single one year. At the end of that time any one, by giving three months' notice, may receive $2,000 o his wedding-day, ontributed out of the fund of the society. N. Y. Tribune. -The wealth of the United States is estimated at $50,000,000,000; that of Great Britain at $40,000,000,000. The wealth per inhabitant in the United States is $900, and in Great Britain it is $1,000. In the United States seventytwo parts of the wealth go to labor, twenty-three to capital and five to government. In Great Britain forty-one parts go to labor, thirty-six to capital, and twenty-three to government. -Chicago Journal. -George Wilson, of Cleveland. O. has sued a firm of white lead manu facturers, his late employers, for $10,000 damages, alleging that he and two others were directed to clean out what was called the eog-wheel room, beneath th main floor of the factory, and that he did not know the dangerous charac er of the work, ond was made ill for a year, by the poisonous fumes of the lead. and eventually totally blind. His two fellow-workmen, he says, are dead. -Cleveland Leader. -Dr. Sturge, a medical missionary to Siam, relates how a native doctor administered an emetic to a love-sick lady who had swallowed a quantity of opium with suicidal intent. The seientist of Siam took a live eel, elipped off a part of his tail to makehim squirm in a lively manner, and then pushed him, tail first, down the romantic damsel'sthroat. When the eel returned to the stream of running water near which the girl was made to recline the opium quickly followed him. -"What's the matter with the bank?" demand an excited tonrist. "Closed." replied the calm citizen. "What," ex claimed the excited one, "not closed?" "Shut up tighter than wax," asserted the calm one. "Well, that's queer, said the tourist. "Not ten steps away from where we now stand a citizen told me she was 'busted wide open.' and now you say she is shut up tight as wax.' What Hars some men are. And he made an entry in his note-book. -Burlington Hawkeye. -Recent defalcations and deficien cies bring to mind the case of a colored bank janitor who lived in Philadelphia in 1857. He had been in the service of the Pennsylvania Bank, the total wreck of which was one of the incidents of the panie of that year. As usual in such wrecks, there was a large deficiency. The books of the bank had been kept in such a mixed-up way that its affairs were in a great tangle. One day it was announced that the directors had found out how much the deficiency was. The old darkey thereupon put on all his dignity and remarked, "We don't care so much about knowing how much de deficiency is: but de question dat agitates my mind, and dat agitates de mind ob de public. is, whar's de de-

Pennsylvania Bank (Philadelphia, PA)

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Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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