Bank of Buffalo (Buffalo, NY)

Episode Information

Episode UID
4770773690503
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
477077369 hash
Start Date
November 1, 1841
Location
Buffalo, New York (42.886, -78.878)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
277942c382b80146

Response Measures

None

Description

Receivership followed within weeks and assets were later auctioned (1844), indicating permanent closure.

Events (4)
1. November 1, 1841 Run
Cause
Bank Specific Adverse Info
Cause Details
Bills were unredeemed in Albany/New York and confidence had eroded; heavy demands for specie led to stoppage.
Measures
Refused payment after heavy demands; depositors paid in bank notes (per one report).
Newspaper Excerpt
Last Monday, according to the Buffalo Commercial, there was a run on the Bank of Buffalo for specie which continued until about 11 A. M.
Source
newspapers
2. November 1, 1841 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to redeem bills and large unproductive real estate holdings exhausted capital; stopped payment when heavy demands presented and officers absent.
Newspaper Excerpt
having paid out a considerable amount, the Bank stopped payment.
Source
newspapers
3. November 28, 1841 Receivership
Newspaper Excerpt
Vice Chancellor Whittlesey made out an order for the appointment of a Receiver for the Bank of Buffalo yesterday. Col. Ira Blossom, of Buffalo, has been appointed by the Bank Commissioners Receiver for the Bank of Buffalo.
Source
newspapers
4. October 30, 1844 Other
Newspaper Excerpt
I shall sell at public auction at the American Hotel, in the City of Buffalo ... all the remaining property, estate and effect of the said Bank of Buffalo ... That the terms of such sale will be CASH DOWN. IRA A. BLOSSOM, Receiver of the Bank of Buffalo.
Source
newspapers

Newspaper Articles (18)
1. November 5, 1841 New-York Tribune New York, NY
Article from New-York Tribune, November 5, 1841

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tained, but State 51's declined. The sales were 83 4,000 State 5's 1-51 82 2,300 do de 45 5,000 do 51 85 16,000 do do 413 1,000 Illinois Sixes, 1870 413 15 1,000 do do 414 660 1.000 do do 441 bow 2,000 Indiana Bonds 433 1,000 do do 431 8,000 do do No transactions of importance in Foreign Exchanges. We quote Domestic bills 8 a 8 Interior of Ala 34 a 33 Philadelphia 23 a 3 New Orleans 21 a 23 Baltimore 10gall Naskville 4 a 5 Virginia. a 7 Louisville - 4 North Carolina - a 10 Cincinnati 11 a 1) Charleston 8} I Indiana 2f 3 Savannah 10 all Illinois 23 3 Augusta - a Natchez 12 a12) Columbus - a 10 St. Louis 13 a 14 Macon 74 a 8 Mobile There was a sale of Massachusetts Fives; 1842, at Bos108, at 983 and 1859 at 95 a 961. In addition to those noticed yesterday the following Philadelphia Bauks have declared dividends Manufacturers and Mechanics 21 per cent, Western 3, Mayamensing21, Mechanics 21, Farmers and Mechanics 21, Bank Penn Township 21. Last Monday, according to the Buffalo Commercial, there was a run on the Bank of Buffalo for specie which continued until about 11 A. M., when having paid out a considerable amount, the Bank >topped payment. A meeting of the stockholders of the Schuylkill Bank W&R held at Philadelphia on Tuesday. It was stated that it had discharged all its liabilities excepting the claim against it for the Levis frauds. The report shows an excess of $360 000 of assets over liabilities. The amount of duties collected at Philadelphia during 1,517,206 40 the year 1840 was 1,507,778 99 For the first three quarters of 1841 9,435 71 Difference only The Bank of the United States has moved for a rule to show cause why a new trial should not be granted in the case of the United States Vs. Bank of the United States, and has filed reasons. New-York Markets. ASHES-The market is dal and some lots of Pots have been sold at 6,00, which is 123c. decline. Sales Pearls at 5,75. COTTON- sales to-day have been about 700 bales at previous. FLOUR.- Ther is no change to notice. The market is dull at 6,00 for Western, but there is NO Genessee or Ohio to be had lower. Michigan and Troy are scarce at 5,87 5,95. The arrivals are to fair extent, and the demand moderate. Southern is selling in small lote at 6 a 6,12 for Georgetown and Howard Street and 6,26 for Braudywine. GRAIN- About 1000 bushels good Illinois Wheat sold at 1 35c for milling. Sales 1000 bushels Jersey Corn at 59c.; 1200 do. Northern at 67c. weight; 2300 do. at 70c. measure; 1500 do. Southern at 65, measure, all delivered. Sales 2208 bushels Kye a 67c to go East 1000 do. at 70. Oats are in fair demand at 49 a 50c. The quantity of Flour and Wheat delivered from the Eric Canal during the last week in October, at the places named below is as follows, viz Bush. Wheat. Bbls. Flour 2.890 532 Schewectudy 63 775 25,661 West Troy 52.376 13,812 Albany 30,497 Total 78,469 The following is the aggregate of Flour and Wheat delivered from the Eric Canal during the month of October at the same places Bush. Wheat Bbls. Flour. 2969 2,:96 Schenectady 201.654 88.060 West Troy 47515 180,848 Albany $90,138 Total 271,701

2. November 9, 1841 Wheeling Times and Advertiser Wheeling, WV
Article from Wheeling Times and Advertiser, November 9, 1841

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Extract dated BUFFALO, Nov. 1. THE BANK OF BUFFALO HAS STOPPED PAYMENT-Its bills having been unredeemed in Albany or New York, there was quite a crowd at the opening this morning. They were paid in specie, but some heavy demands having been made the Preside it and Cashier being both absent, in se acting for them directed the Teller to refuse payment. All their depositors, however, were paid iu notes of the bank. The bank has not had the confidence of the business men. A great portion of its capital was absorbed in unproductive real estate, and it had a large suspended debt due it. Under such circamstatices it is only a wonder it could have kept up so long. At the lite election at Shaftsbury. an Irishman made his appearance, and happening to say something in the crowd to the candidates, one of the tory party exclaimed from the hustings, "Oh Paddy! now go to the Devil." "I are much obliged to your honor," was Paddy's reply. " sure you are the first gentlemen that has invited me to your father's house since my arrival in England."

3. November 27, 1841 New-York Tribune New York, NY
Article from New-York Tribune, November 27, 1841

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THE SAFETY FUND. We find the following letter from the Comptroller in the Albany Evening Journal of Thursday: COMPTROLLER'S OFFICE, Albany, Nov. 24, 1841. Thurlose Weed, Esq. Sir. la anxwer to numerous IN redemnion of the Bank of Buffalo. I send you a Commercial Dear the the bill. of Bank inquiries of Buffalo relation and and showing situation the statement provision the of Safety for the publication subject. Fund, the of the laws appertaining to Very respectfully, your obedient servant, JOHN A. COLLIER. COMPTROLLER'S OFFICE, Albany, Nov. 25, 1841. STATEMENT OF THE SITUATION OF THE SAFETY FUND. The amount of the Capital remaining 30th Sep$185,487 99 tember, 1841 The advances from the Treasury since that 106.031 00 time to redeem Safety Fund Bank Notes $379,456 99 Balance of Safety Fund, 24th Nov. 1841 Under the provisions of the Act of 26th May, the Comptroller has given notice to the Fund reto pay I per cent. upon quired Safety 1841, Banks, that there their which will Capital be would ON the 1st day of January next, 158,776 24 produce And there will be due from several Banks who have not yet paid their original contribution 31,175 00 of 3 per cent., on 1st January next Which would make the whole amount of Safe$569,408 23 ty Fund From which is to be deducted the & per cent. of the Bank of Buffalo and Commercial Bank of 3,000 00 Buffalo, since suspended $566,408 23 Leaving the balance, 1st January, 1842 The Comptroller has no authority to redeem the bills of , suspended Bank until the Chascellor makes the order required by the Act of 8th of May 1837, which previdesthat: It shall be lawful for the Chancellor, upon the certifificate of one or more of the Bank Commissioners that the amount of the debts of such Banking Corporation, over and above its property and effects, will not exceed twothird of the amount of the Bank Fund then paid in and invested, exclusive of all prior established claims thereID, to make an order upon the Comptroller authorizing ERI to take such measures as be may deem necessary for the immediate payment of the ordinary Bank bills or notes of such Bankieg Corporation then in circulation. out of the Bank Fund then paid in and invested." Upon filing a certified copy of the Chancellor's order, under this section, and not before, the Comptroller 18 authorised to make provision for the redemption of the bills, for 18 there any authority, without such prior order, to receive the bills of a suspe nded Bank in payment for tol 3, or other indebtedness at the Treasury, which of course would be virtually redeeming them in anticipation, as nothing else but such uncurrent notes would, in that case, be offered in payment, until the whole circulation was exhausted. In relation to the recent failures of the Bank of Buffalo, and the Commercial Bank of Buffalo, the Bank Commissioners were not able to give the required certificate and the Chancellor could. therefore, make no order upon the Comptroller, authorizing him to redeem. The Safety Fund, 88 the law now stands, is only to be replenished by the annual contribution of the Banks of one half per ceat. upon their capital; and unless further legislative provision is made, the bills of the above banks cannot be redeemed from the Safety Fund, until the ansual contributions shall so far replewish the fund as to enable the Bank Commissioners to give the required certificate to the Chancellor, and he shall make the order. JOHN A. COLLIER, Comptroller. [Albany Evening Journal.

4. November 29, 1841 New-York Tribune New York, NY
Article from New-York Tribune, November 29, 1841

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BANK OF FUFFALO - -Vice Chancellor Whittlesey made out an order for the a pointment of a Receiver for the Bank of Buffalo yesterday. An order has also been issued to the Comptroller to redeem the circulation of the Bank out of the safety fund in his possession. [Rech. Dem. 25th.

5. December 15, 1841 The Daily Madisonian Washington, DC
Article from The Daily Madisonian, December 15, 1841

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"It shall be lawful for the Chancellor upon the cer" tificate of one or more of the Bank Commissioners "that the amount of the debts of suck. Banking Cor"poration, over and above its property and effects, will "not exceed two-thirds of the amount of the Bank "Fundthen paid is and invested, exclusive of all prior "established claims thereon, to make an order upon "the Comptroller authorizing him to take such mea"sures as he may deem necessary for the immediate " 'payment of the ordinary Bank bills or notes of such " Banking Corporation then in circulation, out of the " Bank Fund then paid in and invested." Upon filing a certified copy of the Chancellor's order, under this section, and not before, the Comptroller is authorized to make provision for the redemption of the bills, nor is there any authority, without such prior order, to receive the bills of a suspended Bank in payment for tolls, or other indebtedness at the Treasury, which of course would be virtually redeeming them in anticipation, as nothing else but such uncurrent notes would in that case be offered in payment, until the whole circulation was exhausted. In relation to the recent failures of the Bank of Boffalo, and the Commercial Bank of Buffalo, the Bank Commissioners were not able to give the required certificate, and the Chancellor could therefore make no order upon the Comptroller authorizing him to redeem. The Safety Fund, as the law now stands, is only to be replenished by the annual contribution of the Banks of one half per cent. upon their capital; and unless further legislative provision is made, the bills of the above Banks cannot be redeemed from the Safety Fund, until the annual contributions shall so far replenish the Fund as to enable the Bank Commissioners to give the required certificate to the Chancellor, and he shall make the order. JOHN A. COLLIER, COMPTROLLER.

6. December 15, 1841 The Daily Madisonian Washington, DC
Article from The Daily Madisonian, December 15, 1841

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COMPTROLLER'S OFFICE, Albany, 25th Nov. 1841. } STATEMENT OF THE SITUATION OF THE SAFETY FUND. The amount of the Capital remaining 30th September, 1841 $485,487 99 The advances from the Treasury since that time to redeem Safety Fund Bank Notes $106,031 00 Balance of Safety Fund, 24th November, 1841 $379,456 00 Under the provisions of the Act of 26th May, 1841, the Comptroller has given notice to the Safety Fund Banks, that they will be required to pay 1-2 per cent. upon their capital, on the first day of January next, which would produce $158,776 24 And there will be due from several Banks who have not yet paid their or ginal contribution of 3 per cent. on first January next 31,175 00 Which would make the whole amount of Safety Fund $569,408 23 From which is to bededucted the 1-2 per cent. of the Bank of Buffalo and Commercial Bank of Buffalo, since suspended 3,000.00 Leaving the balance, 1st January, 1842 $566,408 23 The Comptroller has no authority to redeem the bills of a suspended Bank until the Chancellor makes the order required by the Act of 8th of May, 1837, which provides that:

7. December 17, 1841 New-York Tribune New York, NY
Article from New-York Tribune, December 17, 1841

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Col. Ira Blossom, of Buffalo, has been upIS pointed by the Bank Commissioners Receiver for the Bank of Buffalo.

8. December 18, 1841 New-York Tribune New York, NY
Article from New-York Tribune, December 18, 1841

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Mexican Dollars 1/2 a 3/4 premium; Spanish 3 a 4; Five Francs 93 1/2 a 94; American Halves and Gold par; Spanish Doubloons 16 40 a 16 50; Patriot do 16 00 a 16 10. The Havre packet took 100,000 Mexican Dollars, bought some weeks since at 3/4 a 1 per cent. The following are the rates at which one of the large uncurrent money dealers buys the suspended Bank notes: Bank of Olean ..... 50 disc't | Bank of Buffalo .... 20 disc't St. Lawrence ...... 40 " | Commercial do ..... 25 " Clinton Co ........ 20 " | do of Oswego . 25 " Alleghany Co ...... 50 " U. S. Bank notes are rather worse to-day, some buyers offering only 45. An attack having been made on the credit of the Powell Bank of Newburg, Mr. Powell the President has stated in the Newburg Telegraph that he pledges his whole estate, real and personal, for the redemption of every bill issued by, and for every dollar which is or may be deposited in, that institution. He was the getter up of it, and is a large stockholder; and his pride is interested in sustaining it. The Flour and Wheat shipped from Michigan this season is estimated to be worth upwards of two millions of dollars.

9. July 13, 1842 The New York Herald New York, NY
Article from The New York Herald, July 13, 1842

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MONEY MARKET. Tuesday, July 11-6 P. M. The Stock market was generally very heavy to-day.Harlem Railroad improved 1}; Farmer's Loan I; Mohawk tell ; New York State 7's fell 1. All State stocks are very heavy. Ohio and Kentucky and which are next in character to Massachusetts stocks, New York, have been offered 10 per cent under the rates it which the last sales were made. New York State 6's selling at 91, with downward tendency. The immeare liate cause of this feeling, is undoubtedly the state hollow of the of the and the exposure of the the British embassy, which ought of nature affairs of government, itself notwith- to be as an additional insult to the country, that newspapers come resented standing unprincipled have that she claims. out boldly for surrendering to Great Britain all Do these truckling traitors imagine that they can pur:hase peace from a grasping power by such dishonorable concessions or are they prepared, being smitten upon one cheek, to turn the other also ? The disputed territory folof up. the Oregon territory must of search succeed, and new new concessions until the low, Maine the right being given independence claims follow. of the is subverted altogether, and Lord States up by with Ashburton, vice regal er some other titled stock-jobber, returns to exert that authority which was cast off by our The world is yet too young for powers, others. such interchange non-resistng policy. The idea of settlement by an the of erritory is absurd. A fundamental principle of 3ritish Government is, that Englishmen cannot denationa ize themselves. No power therefore exists by which either Frederickton or any other portion of British territory can be ceded to a foreign power. The same difficulty to exists on the part of the U. States. The proposition for the land is an admission that it is ours already.What pay American will submit to be compelled to sell his fellow citizens to a foreign power, or to sell their land from under them ? The notes of the Bank of Buffalo, which have been at for some time have been thrown out. This is in conpar sequence of the Comtroller having stopped redeeming hem at Albany-he having ascertained that a much great r amount of notes had already been presented for redempion than the books of the institution accounted for, or were certified by the Commissioners. The amount certided was, we believe $285,000, and over $350,000 have ready been redeemed, and it has been ascertained that over $60,000 more are still afloat. The following was the condition of the New Orleans Gas Bank, July 4:$4,640 Circulation of this institution, 7,970 Deposites, Specie, 11,844 2,149 Local Bank Notes, The Bank of Bennington exploded last year, involving is of our citizens in serious lesses. That concern many now in the hands of N. H. Botturm and Henry Robinson, the Esqrs., as receivers. Can these gentlemen give us names of those brokers in Wall street, through whom these bills were forced into circulation? The President of the Bank, it is stated, was deceived and imposed "biter upon, but the public have nothing to do with that if the bit," he must abide by it. The public have a right to know got the parties through whom this illegal paper was thrust upon the market i. the first instance. Westated a few days since, the Harlem company had an assignment of its personal property. The instrumade is dated June 11, 1842. The cars, engines, and all ment goods and chattels are assigned in consideration of other e dollar to A. G. Thompson, John Ward, and George Barker, to secure the payment of $14,000 in four equal monthly instalments of $3,600 each. The first payment to take place on the 13th July instant. The Banks of Virginia begin to think, it seems, that will not be profitable to them much longer, hold a meeting into consideration the mond, and suspension they to take consequently expediency to-day, of at imme. in Rich- all diate resumption. This of course, will result, as such cases, in a trial of strength between the Banks that are able to pay, and those that are unable to pay their debts,-the strongest party will prevail. The probabiliy is that the insolvents have the majority in Virginia. The interest on the debt of the State of Pennsylvania is due on the 1st proximo, and will not be paid. The Legislature have passed a bill to the following effect :-It authorizes the Governor to borrow at six per cent for se ven years, the sum of $870,000, to pay interest falling due in August; but should he not be able to borrow the money, then the Auditor General is authorised to issue certificates to of State Stock to begiven to persons entitled to interest, authorised the amount thereof. The Governor is further to sell the stocks owned by the Commonwealth, if they sum which at five per cent interest would equal be bring dividends a on the same for 1841, and if they cannot authothe within sixty days at par, then the Governor is old -ised to exchange any of the Bank, Bridge or Turnpike at par, for certificates of State Stock at par. stocks This is tantamount to failure. It is not expected stock- that State can borrow the money ,and as to paying the the holderstheir he interest due in a new six per cent stocks, the State is ridiculous. The five per cent stock of 6 cent hing selling at 35 per cent, an equivalent or the per tock would be 42. Consequently a person holding is due say of 5 per cent to whom $1000 of interests er cent would 120,000 receive stock worth but $420, which is 2.1 his capital of $20,000. Thus, while the State actually liabilin epudiates nearly 3 per cent of its debt, its nominal interest. increasing in the proportion of compound the les are matter will be an utter failure however, and is proba.

10. April 14, 1843 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, April 14, 1843

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IRA A. BLOSSOM, Receiver of the Bank of Buffalo. JAMES CROCKER, Master in Chancery. mbt11 dt813

11. September 12, 1843 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, September 12, 1843

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cree. IRA A. BLOSSOM, Receiver of the Bank of Buffalo. Times ( ROCKER. Master in - Chancery mhis dtS13

12. October 8, 1844 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 8, 1844

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CHAN ER Y. -Sth Circuit - The President. Directors IN & Co of The Onendagn County Banko The Bank o Buf. talo.- Notice hereby given pursumnt to XH order of the Court of Chancery. dated the 24th day of September, 1814 that on sell at 1 shali paid of October the Sahde nex. Wednesday auction atthe American Hotel, in the Sity of Beffalo comm n. CIME at to o'clock. A. M all the repaining p opatty, estate and effect of thesaid Bank of Buffdo, whether real or personal, consisting in part of Notes, Book Accounts, Stocks Jodements. Bonds and Mortgages among which are. " Bond and Mortgage, made by G S. Subbard. for bout $10,000. on and state in Chicago, 1: and re Bond and Montgage, made by Pratt & Taylor. upon land in Toledo, Ohio. forabout $116 00 Also certain real estate. amona which is it right to the conve since of Bleck 35, in Manhettan. Ohio. 21 lot on Pearl street, 11: the City of Berlalo. &c. &c. That the terms of such sale will be CASH DOWN. and without recoursets me Dated Buffalo, Sept. 26th, 1844. IRA A. BLOSSOM, Receiver of the Bank of Buffaio. 624w

13. October 15, 1844 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 15, 1844

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CHANCERY -8th Circuit.-Th & Co. of The Onondagn County Bank 0. The Bank o' Buf. filo.-Notice - is hereby given pursuant to an order of the Court of Chancery, dated the 24th day of September, 184 that of Wednesday the 30th day of October next, I shall sell at public auction at the A American Hotel, in the City of Buffalo, comment cing at 10 o'clock, A. M. all the remaining property, estite and effect of the said Bank of Buffalo, whether real or personal. consisting in part of Notes, Book Accounts, Stocks. Judgments. Bonds and Mortgages, among which are. a Bond and Mortgage, made by G. S. Hubbard, for about $10,000. on land situate in Chiengo, III. and n Bond and Mortgage. made be Pratt & Taylor, upon land in Toledo. Ohio. for about $116 000. Also certain real estate, among which is a right to the convey. once of Block 85. in Manhattan, Ohio. a lot on Pearl street, in the City of Buffalo, sec. &c. That the terms of such sale will be CASH DOWN. and without recourse to me. Dated Buffalo, Sept. 25th, 1844. IRA. A. BLOSSOM. Receiver of the Bank of Buffalo. 024w

14. October 25, 1844 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 25, 1844

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CHANCER Y.-8th Circuit -The President Directors & Co. ofThe Onondaga County Bank 11. The Bank of Buffaio.-Notice is hereby given pursuant to an order of the Court Chancery, dated the 24th day el September, 1814. that on Wednesday the 30th day of October next, I small sell at public auction at the American Hote!, in the City of Buffalo commencing at 10 o'clock, A. M. all the remaining property. estate and effect of the said Bank of Baffalo, whether rent or personal, consisting in part of Notes. Book Accounts. Stocks. Judgments. Bonds and Mortgages, among which are, a Bond and Mortgage, made by G. S. Hubbard, for about $10,000. on land situate in Chicago. Iil. and A Bond and Mortgaze. made by Pratt & Taylor, upon land 10 Toledo, Ohio. for about $116 000. Also certain real estate. among which is n right to the convey. ance of Block 35. in Manhattan, Ohio, a lot on Pearl street, in the City of Buffalo. &c. &c. That the terms of such sale will be CASH DOWN. and without recourse to me. Dated Buffalo, Sept. 26th, 1844. IRA. A. BLOSSOM. 034w Receiver of the Bank of Batfalo.

15. October 28, 1844 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 28, 1844

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CHANCER Y.-8th Circuit -The President Director I & Co. of The Onondage County Bank n. The Bank of But lo.-Notice is hereby given pursuant to an order of the Court of Chancery. dated the 24th day of September, 1814. that of Wednesday the 30th day of October next. I shall sell at public auction at the American Hotel. in the City of Buffalo. comment cine at 10 o'clack. A. M. all the remaining property. estate and effect of the said Bank of Buffalo, whether real of personal consisting in part of Notes. Book Accounts, Stocks. Judt ments, Bonds and Mortgages, among which are. a Bond and Mortgage, made by G. Habbard, for about 810,000. on Inal sitrate in Chiengo, III. and 11 Bond and Mortgage. made Pratt & Taylor. oponland in Toledo, Ohio. for about $116 Also certain real estate. among which is A right to the convey. ance of Block 35. in Manhattan, Ohio, a lot on Pearl street, the City of Buffalo &c. &c. That the terms of such sale will be CARH DOWN. and without recourse to me. Dated Buffaio, Sept. 26th, 1844. IRA. A. BLOSSOM. Receiver of the Bank of Ruffale. n2 iw

16. October 31, 1844 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 31, 1844

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CHANCER Y. -8th Circuit - -The President Directors & Co. ofThe Onondaga County Backo The Bank of Baf. falor- - Notice is hereby given pursuant to an order of the Court of Chancery, dated the 24th day of September, 1844. that on W ednesday the 30th day of October next, I shall sell at public auction nt the American Hotel. in the City of 80 ffalo. comment cing at 10 o'clock. A. M. all the remaining property. estate and effect of the said Bank of Buffalo, whetherreal or personal, consisting in part of Notes, Book Accounts. Stocks, Judgments. Bonds and Mortgages among which are. ft Bond and Mortgage, made by G. S. Hubbard. for about $10,000. on land situate in Chicago. HI. and N Bond and Mortgage. made by Pratt & Taylor. upon land in Pol do, Ohio, forabout $116 w Also certain real estate. among which is a right to the convey. ance of Block 35. in Manhattan, Ohio, a lot on Pearl street, in the City of Buffalo, &c. &c. That the terms of such shie will be CASH DOWN. and without recourse to me. Dated Buffalo, Sept. 25th, 1844. IRA. A. BLOSSOM, Receiver of the Bank of Ruffa of I'v

17. June 11, 1845 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, June 11, 1845

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BROKEN SAFETY FUND NOTES. - By reference to an advertisement of Comptroller Flagg in another column of this paper, it will be seen that the Bills of the Commercial Bank of New-York, the Bank of Buffalo, the Commercial Bank of Buffalo, the Commercial Bank of Oswego, the Clinton County Bank the Watervliet Bank, and the Bank of Lyons, will all be redeemed at par upon presentation and surrender. Those persons who insist upon the payment of the face of the bills and the inter. est must wait until the respective Receivers settle up the affairs of the Banks and obtain an order from the Chan cellor to that effect. We presume very few holders will refuse to receive the dollar for dollar now offered by the Comptroller.

18. January 13, 1846 Indiana State Sentinel Indianapolis, IN
Article from Indiana State Sentinel, January 13, 1846

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# The Individual Liability of Bankers. One of the strongest speeches we ever recollect of have heard, was delivered in the Ohio Legislature in 1840, by Col. DAVID TODD, the present United States Commissioner to settle the difficulties in the copper country on Lake Superior. The subjert was the individual liability of bankers, and in the course of which Col. Todd related an anecdote, which had fallen under his own observation. When quite a youth, he happened to be in one of the government land offices, and while there a man came into the office to make the last payment for lands which he had bought under the law which allowed the buyer to make annual payments for the land purchased. The last payment which, by the terms of purchase, was to be made that day, on the land, with all the purchase money would be forfeited, amounted to eighty dollars. The purchaser handed a roll of bills to the receiver, who found them all to be on the bank of Buffalo. He handed them back to the farmer, informing him at the same time that news had that morning been received that the bank had broke. The farmer told him it was every cent he had-that for it, he had toiled day after day, in clearing land for a neighbor, and that night after night, when his children were asleep, his wife had assisted him in his work. His family during the time, the farmer said, had scarce the necessaries of life so anxious was he to save all he could, to purchase the land upon which his cabin stood. To make out the eighty dollars he had sold his last cow. The looks of the man-the deep distress painted on his countenance, and the efforts which he made to raise the money in the town where the land office was situated, left not a doubt of the truth of his tale. His land became forfeited, and he returned to his starving family, a beggared man, with no roof he could call his own to cover the heads of his family or himself. A few days after, Col. Todd said, his boyish curiosity was excited by the appearance of a carriage, drawn by a span of fine horses, which rolled into the village. So much more splendid was the equipage than any thing he had before seen, that curiosity induced him to inquire the name of its owner. He was told that it belonged to the Cashier of the very Buffalo Bank, whose explosion but a few days before had caused the ruin of the poor man he saw in the Land Office. Upon inquiry, then, did he first fine that in our boasted land of equal justice, that Banks were not holden for their liabilities-and the law had created them a privileged class. Struck with its injustice, said Col. Todd, I then swore that if life spared me, and fever became a member of a legislative body, I would never rest satisfied, until in like cases the carriage and horses, and other property of the privileged banks, could be taken to pay the debt contracted by the bank. Such a law would have saved from ruin the poor man, for the Banker's carriage and horses would then have paid the debt. So well was the oath kept, that during the time Col. Todd was in the Legislature, in every act of special legislation, the stockholders were made individually liable. Since the day we heard that speech, we have been found ranged upon the side of those who have done battle, at all times, and on all occasions, for the principle of individual liability. While life lasts, we freely pledge ourselves to continue its advocate, not only in bank charters, but in all other acts of incorporation. Detroit Free Press.