Bank of Tecumseh (Tecumseh, MI)

Episode Information

Episode UID
4695295690693
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
469529569 hash
Start Date
September 15, 1857
Location
Tecumseh, Michigan (42.004, -83.945)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0e5961e5df27302e

Response Measures

None

Description

Sources list the bank as 'suspended'/'discredited' amid the 1857 panic but give no follow-up on reopening or receivership.

Events (1)

1. September 15, 1857 Suspension
Cause
Macro News
Cause Details
Listed among many suspended/discredited banks during the 1857 financial crisis (panic-related suspensions).
Newspaper Excerpt
Bank of Tecumseh, Mich.
Source
newspapers

Newspaper Articles (2)

Article from Meigs County Telegraph, September 15, 1857

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Article Text

Judge Warden arrived in town this morning, having completed his engagements in Southern Ohio. The Judge brings us good reports. The Republican meetings were much Barger and more enthusiastic than those held by our opponents, at which Payne and Lytle spoke. Judge Warden and Governor Chase spoke at Marietta, Pomeroy, Gallipolis, and Ironton. At Marietta meetings were held in the afternoon and evening. The meeting at Pomeroy was an extraordinary turn out. It was as large, and there was as much enthusiasm manifested, as in a Presidential election. The Republicans everywhere feel sanguine of increasing their majorities over what they gave last year, and in Gallia county particularly, the gain for the Republicans will be very large. When the cause looks so well in Southern Ohio, what may we not expect in Central and Northern Ohio?-State Journal. BANKS DISCREDITED.--Lord's Detector of the 1stinst. gives the following list of doubtful or suspended Banks, which were not included in the list we published last week: Wooster Bank, Danbury, Ct. Mercantile Bank, Hartford, Ct. America Bank, Trenton, N.J. Cataract City Bank, Patterson, N. J. Bergen Co. Bank, N. J. Union Bank, Frenchtown, N. J. Bank of Tecumseh, Mich. Macomb Co. Bank, Mich. Hancock Bank, Ellsworth, Me. JONES, the desperate burglar who shot and instantly killed officer Bebee in Columbus some three years ago while he was aiding several officers from Newark in attempting to arrest him, has finally been secured, and is safely lodged in the jail of Franklin county awaiting trial. He was ar rested in Wisconsin, where he was a member of a band of burglars and counterfeiters, and confessed the murder of Bebee to a policeman who was placed in the same cell with bim on a sham arrest for passing counterfeit money, and succeeded in gaining hisconfidence. IMPORTANT NEWS FROM KANSAS.-At a Mass Meeting of the Free State men of Kansas held on the 26th ultimo, it was decided that the Free State men WILL VOTE at the October election. They yet protest against the bogus laws under which they are compelled to vote, and also against that partial apportionment of the Territory which is intended to favor the slave power. It is thought by the Free State men that the best way to redress their wrongs, is to secure for themselves a fair representation through the ballot-box. It is also determined that the purity of the ballot-box shall be preserved at all hazards. PAYNE'S WHISKY BILL.-The Sandusky Pioneer says that "the Liquor Bill of Hon. H. B. Payne, the "Dred Scott" candidate, during the late convention, in room No. 190, in the American House, Columbus, alone amounted to $175,37." If it requires $175,37 worth of whisky to nominate a democratic candidate for Goyernor, what will be the amount required to elect him? The McArthur (Vinton Co.) Journal, of Thursday says: "Edson B. Olds and the Circus are both to be in town to-day. We rather think the show will have the largest crowd, though it would be rather difficult to say which has turned the greatest number of summersets, W. O. Dale or the Doctor. We'll bet on the Doctor, anyhow."


Article from The Evansville Daily Journal, October 12, 1857

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Article Text

DISCREDITED BANKS. The following is a corrected list, to date, of recent SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R. I. America Bank, Trenton, N. J., Agricultural Bank, Tenn. Agricultural bank, Herkimer, N. Y. Bergen County Bank N. J. Bank of Canandaigua, N. Y. do Naperville, Ill. do Belleville, do do Nashville, Tennessee. do Springfield, Ohio. do Tecumseh, Michigan. do Orleans, N. Y. do New Jersey, New Brunswick, N. J. do Kent, R. I. do Hallowell, Me. do America, Tenn. do West Tennessee, Tenn. do Paris, Tenn. do Corning, N. Y. do the South County, R. I. do North America, Connecticut. do Kanawha, Virginia. do Elgin, Ill., s. s., small circulation. do the Capitol, Indianapolis, Ind.; s. s. do Middleton, Penn. do Watertown, N. Y. do Chester, Ill. do Elgin, do do Pike County, Ill. Central Bank, Indianapolis, Ind., s. s. Chemung County Bank, Horse Heads, N. Y., s. s. Clinton Bank, Columbus, Ohio. City Bank, N. J. Cumberland Savings Institute, Md. Commercial Bank, Columbia, S. C. Citizens' Bank, Tenn. Corn Exchange Bank, Ill. Charter Oak Bank, Hartford, Conn. Colchester Bank, Conn. Danby Bank, Vt. Dayton Bank, Ohio. Dairyman's Bank, Newport, N. Y. Ellsworth Bank, Maine. Exeter Bank, N. H. Exchange Bank, Pittsburgh, Pa. Exchange Bank, Hartford, Conn. Farmers' Bank of Saratoga Co., N. Y., s. s. Farmers' and Manufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R. I. Farmers & Mechanics' Bank, Kent County, Md. Farmers and Merchants' Bank, Md. Fairfield County Bank, Norwalk, Ct. Farmers & Mechanics' Bank, Detroit, Mich. Honesdale Bank, Pennsylvania. Hollister Bank, Buffalo, N. Y., s. s. Hancock Bank, Maine. Huguenot Bank, N. Y. Hopkinton Bank, Westerly, R. I. Hamilton Exchange Bank, Hamilton, N. Y. Island City Bank, N. Y. city. Jefferson County Bank, N. Y. Lee Bank, Massachusetts. Mechanics' Banking Association, N. Y., s. s. Mount Vernon Bank, Providence, R. I. Maritime Bank, Maine. Monson River Bank, Me. Macomb County Bank, Michigan. Mechanics' Banking Association, N. Y. city. Morgan Bank, Ga. Miami Valley Bank, Ohio. Medina Bank, Medina, N. Y. Munson Bank, Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercantile Bank, Hartford, Conn. N. Y. Security Bank, N. Y. Nebraska money has been thrown out by St. Louis brokers, excepting the Bank of Florence. Niagara River Bank, Tonawanda, N. Y., reported failed, s. s. Ontario Bank, Utica, N. Y. Ohio Life Trust Company, don't issue notes. Oliver Lee & co. Bank, N. Y. - reported failed, s. s. Ocoee Bank, Tenn. Ontario County Bank, Phelps, N. Y. People's Bank, N. Y. city, reported failed, s. s. Pawcatuck Bank, Pawcatuck, Ct. Port Plain Bank, N. Y., s. s. Reciprocity Bank, Buffalo, N. Y., new bank, s. s. Rhode Island Central Bank, R. I. Sanford Bank, Me. Sackett's Harbor Bank, N. Y. South Royalton Bank, Vt. Seneca County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R. I. Union Bank, Frenchtown, N. J. Unadilla Bank, N. Y. Warwick Bank, R. I. Wooster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N. Y. NOTE. - "S. S." means secured by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.