Miami Valley Bank (Dayton, OH)

Episode Information

Episode UID
5225937590659
Episode Type
Suspension β†’ Reopening
Bank Type
state
Bank ID
522593759 hash
Start Date
November 15, 1854
Location
Dayton, Ohio (39.759, -84.192)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3a345999d155e686

Response Measures

None

Description

Suspension explicitly reported as temporary; notes secured by U.S. and Ohio stocks.

Events (2)
1. November 15, 1854 Reopening
Newspaper Excerpt
Mr. Beckel, of Dayton, has resumed, and the notes of the Miami Valley Bank are now promptly redeemed.
Source
newspapers
2. November 15, 1854 Suspension
Cause
Macro News
Cause Details
Widespread regional banking panic and loss of confidence following failures and rumors in Ohio and neighboring states; notes thrown into doubt by brokers leading to suspension.
Newspaper Excerpt
The Miami Valley Bank of Dayton ... has suspended.
Source
newspapers

Newspaper Articles (13)
1. November 12, 1854 The New York Herald New York, NY
Article from The New York Herald, November 12, 1854

Click image to open full size in new tab

Article Text

Dec. .1,859,863 Dec 2,489,965 Inc.4,318,778 Inc. 15,988 By reducing the wheat to flour, the quantity of the latter left at tide water this year, compared with the corresponding period of last year, shows a decrease of 2,134,804 bbls. of flour. The circular of N. J. O. Davis, of Cincinnati, gives the following review of the money market of that city for the week ending Wednesday evening, Nov. 8, 1854:The past week has been one of varied and intense interest in monetary cireles. The failure of some banks to redeem in coin all the presentations of their issues has given rise to many vague and uncertain rumors-confidence is undermined, and there is nothing but confusion in the general appearance of our currency. From the varied rumors we select some that have the most appearance of reliability. Some of the banks of Ohio and Kentucky had a short time ago enlarged their circulation. This, in some circles, created distrust, and a consequent run on these institutions. The Bank of Circleville has been compelled into a temporary suspension, although the cashier, H. K. Lawrence, Esq., states that there are ample means to redeem every dollar. The notes of the Clinton Bank, Columbus, are thrown out by some of the brokers. Parties connected with this bank state that it is all right. The notes of the Commercial Bank, Kentucky, are doubted by some and those of the Miami Valley Bank, of Dayton are thrown out. Much of this is undoubtedly the effect of panic, but its influence is all the same on the business community. This morning, in consequence of the serious illness of Mr. Ellis, of the firm of Ellis & Sturges, it was deemed advisable to close their banking house. A previous report of the death of Mr. Ellis had created a panic among the depositors, great numbers of whom have thronged the street during the whole day. Following the close of this house, the Citizens' Bank, owing to its intimate connection with this firm, closed temporarily. Subsequent to this, a run was commenced on T.S. Goodman & Co., and under the intense excitement of the day, they deemed it prudent to suspend operations till public opinion had time to become settled. There can be but little doubt but that the assets of each of the above houses will be amply sufficient to secure depositors. S. W. Torrey & Co. are withdrawing from bnsiness, and have left with another house the means to pay their depositors, finding banking at this present Chae too profitless and perplexing. The discount business of our banking institutions, owing to the unsettled state of everything connected with money or confidence, is reduced to almost nothing; honce, we quote very few regular transactions. Outside rates range from 1 to 3 per cent, with no. disposition on the part of lenders to touch anything but first class paper. Since our last issue, the November payments have become due, and it is a gratifying proof of the general preparation made by our merchants, that with few discounts there have been few failures, and these confined to small dealers. Sales for the week-32 shares Columbus and Xenia railroad stock, 93c.; 72 do. Ohio and Mississippi railroad stock, 47 36 do. Covington and Lexington railroad stock, hypothecated, 47; 55 do. Little Mami railroad stock, 97%; 24 do. Eaton and Hamilton railroad stock, 33%; 33 do. Cincinnati, Hamilton and Dayton railroad stock, 78; 38 do. New Albany and Salem railroad stock, 33%; 64 do Cincinnati and Chicago railroad stock, hypothecated, 14; 25 do. Marietta and Cincinnati railroad stock, 33; 20 do. Cincinnati and Indianapolis railroad stock, hypothecated, 44: 85 do. Cincinnati, Wilmingt m and Zanesville railroad stock, hypothecated, 40; 38 do. Indiana Central raiiroad stock, hypothecated, 54; 75 do. Ohio and Mississippi raΓ―lroad stock, 47Β½; 90 do. Little Miami railroad stock, sold East, 97%; 85 do. Cincienati, Cleveland and Columbus railroad stock, sold East, 100%; 75 do. Cincinnati, Hamilton and Dayton railroad stock, sold East, 80Β½; 200 do. Indianapolis and Cincinnati railroad stock, sold East, 45; 30 do. Little Miami railroad stock, sold East, 98; 30 do. Cincincinnati, Hamilton and Dayton railroad stock, sold East, 81; $10,000 Marietta and Cincinnati bonds, sold East, 91.

2. November 12, 1854 The New York Herald New York, NY
Article from The New York Herald, November 12, 1854

Click image to open full size in new tab

Article Text

Dec.1,859,863 Dec 2,489,965 Inc.4,318,778 Inc. 15,988 By reducing the wheat to flour, the quantity of the latter left at tide water this year, compared with the corresponding period of last year, shows a decrease of 2,134,804 bbls. of flour. The circular of N. J. O. Davis, of Cincinnati, gives the following review of the money market of that city for the week ending Wednesday evening, Nov. 8, 1854:The past week has been one of varied and intense in. terest in monetary circles. The failure of some banks to redeem in coin all the presentations of their issues has given rise to many vague and uncertain rumors-confidence is undermined, and there is nothing but confusion in the general appearance of our currency. From the varied rumors we select some that have the most appearance of reliability. Some of the banks of Ohio and Kentucky had a short time ago enlarged their circulation. This, in some circles, created distrust, and a consequent run on these institutions. The Bank of Circleville has been compelled into a temporary suspension, although the cashier, H. K. Lawrence, Esq., states that there are ample means to redeem every dollar. The notes of the Clinton Bank, Columbus, are thrown out by some of the brokers. Parties connected with this bank state that it is all right. The notes of the Commercial Bank, Kentucky, are doubted by some. and those of the Miami Valley Bank, of Dayton are thrown out. Much of this is undoubtedly the effect of panic, but its influence is all the same on the business community. This morning, in consequence of the serious illness of Mr. Ellis, of the firm of Ellis & Sturges, it was deemed advisable to close their banking house. A previous report of the death of Mr. Ellis had created a panic among the depositors, great numbers of whom have thronged the street during the whole day. Following the close of this house, the Citizens' Bank, owing to its intimate connection with this firm, closed temporarily. Subsequent to this, a run was commenced on T. S. Goodman & Co., and under the intense excitement of the day, they deemed it prudent to suspend operations till public opinion had time to become settled. There can be but little doubt but that the assets of each of the above houses will be amply sufficient to secure depositors. S. W. Torrey & Co. are withdrawing from bnsiness, and have left with another house the means to pay their depositors, finding banking at this present time too profitless and perplexing. The discount business of our banking institutions, owing to the unsettled state of everything connected with money or confidence, is reduced to almost nothing; hence, we quote very few regular transactions. Outside rates range from 1 to 3 per cent, with no. disposition on the part of lenders to touch anything but first class paper. Since our last issue, the November payments have become due, and it is a gratifying proof of the general preparation made by our merchants, that with few discounts there have been few failures, and these confined to small dealers. Sales for the week-32 shares Columbus and Xenia railroad stock, 93c.; 72 do. Ohio and Mississippi railroad stock, 47 36 do. Covington and Lexington railroad stock, hypothecated, 47; 55 do. Little Miami railroad stock, 97%; 24 do. Eaton and Hamilton railroad stock, 33Β½; 33 do. Cincinnati, Hamilton and Dayton railroad stock, 78; 38 do. New Albany and Salem railroad stock, 33%; 64 do Cincinnati and Chicago railroad stock, hypothecated, 14; 25 do. Marietta and Cincinnati railroad stock, 33; 30 do. Cincinnati and Indianapolis railroad stock, hypothecated, 44: 85 do. Cincinnati, Wilmingt >17 and Zanesville railroad stock, hypothecated, 40; 38 do. Indiana Central raiiroad stock, hypothecated, 54; 75 do. Ohio and Mississippi railroad stock, 4736; 90 do. Little Miami railroad stock, sold East, 97%; 85 do. Cincionati, Cleveland and Columbus railroad stock, soil East, 100%; 75 do. Cincinnati, Hamilton and Dayton railread stock, sold East, 80Β½; 200 do. Indianapolis and Cincinnati railroad stock, sold East, 45; 30 do. Little Miami railroad stock, sold East, 98; 30 do. Cincincinnati, Hamilton and Dayton railroad stock, sold East, 81; $10,000 Marietta and Cincinnati bonds, sold East, 91.

3. November 15, 1854 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, November 15, 1854

Click image to open full size in new tab

Article Text

The Bank Failures. Failures are the order of the day. A commercial crisis has come, which threatens to overthrow the would be "money Kings" of the country, and exhibit their affairs in a true but not very enviable light. Storms are said to purify the atmosphere, and it is to be hoped that the financiel storm now upon us will clear away the rubbish and show business men where and how they stand. The heavy failures which have recently occurred, have caused a feeling of insecurity throughout the whole country, and the people very justly begin to make an examination of their financial concerns. A month or two ago every day brought us news of Bank failures from New York, Michigan, Indiana, Kentucky and other States around us, 80 that some began to congratulate themselves, that our home institutions were better than foreign, (this may be the case; they are all bad enough;) but the recent news from Cincinnati, Dayton, Circleville, Columbus and Cleveland, is beginning to shake the confidence of the people in every thing, like banking institutions anywhere. First came the failure of Ellis & Sturges; about the same time, word was received that the Circleville Bank had 'gone by the board.' The next day the Miami Valley Bank "suspended payment." The day after, the Clin. ton bank of Columbus was said to be in a fainting condition, and last, but not least the Canal Bank at Cleveland has "given up the ghost" and robbed its depositors and time draft holders of one hundred and eighty thousand dollars! Beautiful institutions truly. If a poor man were to steal $35 to get food for his family, he would be deemed a felon and sent to the Penitentiary; but a Bank may receive thousands on deposite just on the eve of failure, suspend payment, defraud its credit. ors, out of their money and its directors and officers go unpunished! These are the same privileged institutions which are exempted from the payment of taxes, and as a consequenee are licensed to defraud and wrong the laboring classes without hinderance or restraint. The circulation of some of these Banks however, is secured by State or United States Stocks. Where this is the case the bill holders are secure. But the depositors of money with them, are without security and as a consequence lose the whole amount of their deposites. Below, we append a list of the only Banks in Ohio whose circulation is secured by State or United Statas Stocks deposited with the officers of State: Bank of Geauga; Canal Bank of Cleveland; City Bank of Cleveland; City Bank of Columbus; City Bank of Cincinnati; Commercial Bank of Cincinnati; Franklin Bank of Zanesville; Mahoning County Bank, Youngstown; Sandusky City Bank; Seneca County Bank, Tiffin; Western Reserve Bank, Warren; Bank of Commerce, Cleveland; Bank of Marion; Champaign County Bank, Urbana; Franklin Bank of Portage Co., Franklin; Forest City Bank, Cleveland; Iron Bank of Ironton; Merchants' Bank of Massillon; Miami Valley Bank of Dayton; Pickaway County Bank, Circleville; Springfield Bank; Stark County Bank, Canton; Union Bank, Sandusky City. 05 P. S. Since writing the above, news has reached us of the failure of the City Bank of Columbus, Farmers Joint Stock Bank, Buffalo; Wondbury Bank, Connecticut and Exchange Bank, Buffalo. So they go. We are a fast people.

4. November 15, 1854 The Cadiz Democratic Sentinel Cadiz, OH
Article from The Cadiz Democratic Sentinel, November 15, 1854

Click image to open full size in new tab

Article Text

From the Cleveland Plain Dealer. THERE SHE GOES AGAIN! More Banks Bursting !! WHEW! HOW THE FLINDERS FLY!!! The old Bank of Circleville, that old mother of harlots, is held in such suspicion here that the City Bank refuses her bills, even on a doubtful debt. A telegraph dispatch arrived about 2 o'clock P. M. on Saturday saying to the money mongers, "stand from under." What her securities are we do not know, as she belongs to the old category of regenerated rag mills, of which the defunct Banks of Massillon and Wooster were a complices. The Miami Valley Bank of Dayton, BecKEL owner, has suspended for 30 days, perhaps a eypher or two (00) longer. So say letters received fro n Dayton to-day. The bills are secured by State Stocks, which if converted at pur will make them worth nearby their face. So welgo. LATEST FR IM INDIANA. A friend has just returned from Indianap. olis, where he went to reulize on Indiana Free Bank paper. He went to the Auditor's Office, where bills which have b. en refused payment at the Banks are presented for pro. test, preparatory to going through the mill for final adjustment and saw in one huge pile uough to fill cram full a double lum. ber wagon box, mostly returned from Ohio alone. Said bills are from ten to twenty per cent discount, payable in Ohio funds.Bankers and brokers take it on deposite "to be returned in kind Suffice it to say, the whole batch of Free Banks have gone to "immortal smash." So far as the Stocks are pledged, which are all f kinds, some 21 per cent, some 5 per cent. some Virgmia and some Indiana, Ohio and Louisiana, and by a forced market will sell, S 80 far said bills will in time be redeemed.Bill holders who can hold their breath longe est will fare the best. e We shall endeavor to keep our readers early and fully advised of these bank blow. ups. We have several more on our list n which are fluttering in the wind. As the e Almanacs sav, "look out for a scorm about these days." P. S.--Later from the "Paper Ree gion"---No News from the Gold d Region." The Auditor of State, of Indiana, has is1 sued the following CIRCULAR.

5. November 15, 1854 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, November 15, 1854

Click image to open full size in new tab

Article Text

There was quite an active Stock market this morning, and prices were well sustained, until the advices of new disasters at the West were public, when there was more heaviness. At the Second Board, prices were lower, with rather an urgent disposition to sell. There was, in the morning, a prevalent feeling that brighter times were shead, but this wore off during the day, as the failures at the West were announced, and the upward tendency of the market was thoreughly checked. Erie closed at @38f, which were yesterday's prices. Reading, 70, a decline of P cent. Harlem, 27% a decline of 1 P cent. Central was steady. Hudson River, 37. Nicaragua declined 1, notwithstanding the short passage of the Northern Light. Cumberland fell off 1 P cent. Canton was rather better. The Western Railroads, with moderate demand, were heavy. Gold Hill has fallen, within a few days, from $2 to $1 121. In Railroad Bonds, the sales were $100,000, including Incomes, 90; Convertbles, 1871, 701; Hudson First Mortgage, 101; IDInois Central. $87,000 at 67@674; New-York Central, 841. In Bank Stocks there was but done, and the market is heavy. A sale of Indiana 58 was made at 801. Virginia 6s, 93; Missouri 68, 87. In Exchanges there was but little doing, and rates are heavy. Sterling 9@91.; Francs, 5.15@5.12}. The supply is moderate, and the stringency of money checks remittances. The receipts at the Sub-Treasury are $94,380; paid, $336,898; balance, $6,437,901. A small sale of Knickerbocker Bank Stock was made to-day at 25 at auction. The telegraph brings in advices of more financial disasters at the West. The trouble in Cincinnati is not over, and we have news of the suspension of Messrs. George, Milne & Co., a very respectable but not very extensive house. It is supposed they will pay eventually everything. Mr. Hiram Johnson, of Buffalo, owner of the Farmers' Joint Stock and other Banks, has also suspended. The run on Messrs. Selden, Withers & Co., of Washington, continued today, and it is feared that they must succumb. A dispateh from Washington says: The run on the Trans Alleghany, the Arlington, the Old Dominion, and the Kanawha Banks, and also the Exchange Bank of Selden, Withers & Co., still continues, and each Bank is redeeming their notes with those of the others." The Philadelphia Ledger says that some of Selden, Withers & Co.'s paper is in that city under protest, and hear of their certificates of deposits returned here unpaid. We sincerely trust they will be enabled to go through. At Chicago, the City Bank and the Merchants' and Mechanics' Bank (free Banks) are announced as suspended. The circulation of these Banks is secured by six per cent. stocks. The bills of the Napierville Bank and the Bank of Elgin are discredited at Chicago. The epidemic which has apparently spent itself in Indiana has now attacked Illinois. The free Banks of Illinois are however, of a much better class, as a whole, than those of Indiana; and the securities are better. Six per cent. State Stocks only were taken as a basis for circulation, with Illinois Stocks, at 20 per cent we think, below the average market price in New-York for six months previous. In regard to the Woodbury (Conn.) Bank, the Cashier publishes the following card: WOODBURY BANK. (Conn ,) Monday, Nov. 13, 1854. The Suffolk Bank having refused to redeem for the Woodbury Bank, the public are advised not to make any sacrifice on the bills. as they are redeemed at the connter. JOHN ABERNETHY, Cashier. A note from the Auditor of Indiana says: OFFICE OF AUDITOR OF STATE, INDANAPOLIS, Nov. 11, 1854. We are surrendering the Bonds of many of our Banks for their circulation. When the stocks are of different kinds we make the election as to which we JOHN P. DUNN, Auditor. deliver. Yours, The Cincinnati Gazette says: The assets of the City Bank of Columbus have been put into the hands of R W McCoy, Wm. S. Salliver and D W. Desbler, of that city. The Urbana and Champaigne County Insurance Company, at Urbana, closed on Friday. Gold is selling here at 5 P cent. premium. The notes of the Bank of Kanawha sold to-day at 25 $ cent. discount. Bank of Circleville at 50, Kentucky Trust Company at 70, and Newport Safety Fund at 80. There are few sellers of Circleville, however. There is a good deal of confidence in the Bank. The notes of the Clinton Bank of Columbus were again refused to-day. Indiana Stock notes are selling at 25 to 30e discount, but a list of 20 of them will be better in & few days. A private banker at Xenia failed yesterday. Mr. Beckel, of Dayton, has resumed, and the notes of the Miami Valley Bank are now promptly redeemed. J. O. Shoup, of Dayton, has made an assignment of all his assets. The public are advised by the following letter of the security of Ohie State Stock Bank notes: TREASURY OFFICE, Columbus, O., Nov. 11, 1854. W. W. CONES, Esq.-Sir: In answer to your inquiry, I reply that the notes of the Miami Valley B ank, Canal Bank of Cleveland, Savings Bank of Cincinnati, City Bank of Columbus, and all other Ohio Stock Banks will be received for taxes, and all other public dues, at this office, as heretofore. These notes are abundantly secured by the pledge of Ohio and United States Stocks in the ffices of the Auditor and Treasurer of State which stocks are still commanding a premium in New York No bill holder need necessarily lose anything by Ohio Stock paper. Very respectfully yours &c. G. BRESLIN, Treasurer of State. Mr. Flourney, President of the Commercial Bank of Kentucky, says, in a card to The Gazette The rumors prejudicial to the Bank are false, and without foundation. Being absent from Paducah, and not having access to the books of the parent Bank, I can only give a general statement of its affairs. So far, the Bank has been doing a safe business, according to legitimate banking rules. As far as known, no bad debt has been contracted since the institution commenced business, nor any loss 8014tained otherwise. We have a surplus fund of about 10 V cent. on the capital stock paid io, besides the profits of our business since the 1st of July last. We have bills OD New-Orleans, New York, and St. Louis, maturing within the next one hundred and twenty days-mostly within sixty and ninety days-more than sufficient to redeem our entire circulation. The Bank is curtailing her business, and her circulation being diminished. L W. FLOURNOY, Pres't Messrs. 1 S. Goodman & Co. make & very satisfactory exhibit. The assets are said to show an excess of $300,000, after making ample allowance for bad debts, &c. The Northern Light from San Jean, in addition to the gold on the freight list-about $560,000-brings

6. November 17, 1854 The Belmont Chronicle, and Farmers, Mechanics and Manufacturers Advocate Saint Clairsville, OH
Article from The Belmont Chronicle, and Farmers, Mechanics and Manufacturers Advocate, November 17, 1854

Click image to open full size in new tab

Article Text

BANK SUSPENSIONS.-The Miami Valley Bank of Dayton, owned by Mr. Beckel, has suspended. Mr. B. was also owner of the Wayne County Bank of Indiana, which has probably suspended also,as he has been compe lled to make an assignment. The Miami Valley notes are secured by U. S. Stocks, and by State Stocks, and they are perfectly good for their face. The Banking houses of Messrs. Ellis & Sturgess, Smead, Collard & Hughes, known as the Citizen's Bank," and Hatch & Langdon of Cincinnati, have failed. The O. S. Journal says that there was a rumor in Columbus that the Canal Bank of Cleveland had failed, but that later advices neither confirmed nor denied the rumor.

7. November 17, 1854 Fremont Journal Fremont, OH
Article from Fremont Journal, November 17, 1854

Click image to open full size in new tab

Article Text

Banks. There is great commotion in money matters, and what the end is to be, no man can with certainty tell. Thus far, all Ohio paper, except Circleville, is passing at par. Those who are best informed, think Circleville notes will yet be redeemed at their face, and bill holders are advised not to suffer a heavy shave. The City Banks of Columbus, Miami Valley Bank of Dayton, and Canal Bank of Cleveland, have all suspended; their notes however, continue to pass at par, as they are secured dollar for dollar, by Ohio and U.S. Stocks. Some have feared a suspension of the State Bank, we do not believe this will take place. The State Bank is believed to be strong, its circulation not large, and it will be strongly for the interest of each and all the branches to sustain each other. Indiana Free Banks get into worse and worse repute. The Auditor tells the public that he will not sell the Stocks to redeem the notes till he gets ready. We advise every body to keep clear of Indiana Free Bank Notes. The old State Bank of Indiana is considered good. Illinois money looks squally, it is no better secured than Indiana, we think it not as well. Three or four petty Banks in Chicago, have already failed. W e advise our friends to be shy of Illinois money. Michigan money we believe is accounted safe, except Macomb County Bank, which is regarded as somewhat doubtful. Let all the people be determined, as soon possible, to have a Banking System in operation in this State, which shall secure the bill-holder in any event.

8. November 21, 1854 Burlington Tri-Weekly Hawk-Eye Burlington, IA
Article from Burlington Tri-Weekly Hawk-Eye, November 21, 1854

Click image to open full size in new tab

Article Text

The Miami Valley Bank, of Dayton, as well as D. .Beckel, Broker, who owns and controls it, have suspended. But its circulation is secured by Stocks of the United States and the State of Ohio, and the notes are current in Ohio.

9. November 22, 1854 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, November 22, 1854

Click image to open full size in new tab

Article Text

Broken Banks. The following is a list of Banks, that have suspended within a few months past. For the benefit of our readers, we shall keep it standing, and make weekly additions thereto, of such failures as come ithin our knowledge: Patchin Bank, Buffalo. Farmers' and Merchants' Bank, Oswego. Farmers' Bank of Canadaigua. Drovers' Bank, Ogdensburg. Bank of Carthage. Farmers' and Merchants' Bank, Meryland, Massillon Bank, Ohio. Farmers' and Merchants' Bank, Memphis. Ohio Savings Institute, Titfin Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avenue Bank, New York. Bank of Ellsworth, Maine. Elkhart County Bank Indiana. Bank of Northern Indiana. Bank of Washlenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Newport Safety Fund Bank Kentucky. Kentucky Trust Company. Bank of Kanawha, Virginia, Arlington Bank, Washington, D. C. Farmers' and M. Bank, Washington, D.C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. The Shipbuilders' Bank, Maine. Lewis County Bank, New York. Akron Branch, Akron. Marchants and Traders Branch, Cin. Exchange Bank, Buffalo. Farmers' Joint Stock Bank, Buffalo. Woodbury Bank, Connecticut. Circleville Bank, Circleville. The City Bank, Columbus, Miami Valley Bank, Dayton, and the CanalBank of Cleveland have suspended payment so far as depositors and time draft holders are concerned, but the bill holders are secured by State and United States Stocks.

10. November 29, 1854 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, November 29, 1854

Click image to open full size in new tab

Article Text

# Broken Banks. The following is a list of Banks, that have suspended within a few months past. For the benefit of our readers, we shall keep it standing, and make weekly additions thereto, of such failures as come within our knowledge: Patchin Bank, Buffalo. Farmers' and Merchants' Bank, Oswego. Farmers' Bank of Canadaigua. Drovers' Bank, Ogdensburg. Bank of Carthage. Farmers' and Merchants' Bank, Maryland, Massillon Bank, Ohio. Farmers' and Merchants' Bank, Memphis. Ohio Savings Institute, Tiffin Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avenue Bank, New York. Bank of Ellsworth, Maine. Elkhart County Bank Indiana. Bank of Northern Indiana. Bank of Washlenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Newport Safety Fund Bank Kentucky. Kentucky Trust Company. Bank of Kanawha, Virginia, Arlington Bank, Washington, D. C. Farmers' and M. Bank, Washington, D. C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. The Shipbuilders' Bank, Maine. Lewis County Bank, New York. Akron Branch, Akron. Merchants and Traders Branch, Cin. Exchange Bank, Buffalo. Farmers' Joint Stock Bank, Buffalo. Woodbury Bank, Connecticut. Circleville Bank, Circleville. The City Bank, Columbus, Miami Valley Bank, Dayton, and the CanalBank of Cleveland have suspended payment so far as depositors and time draft holders are concerned, but the bill holders are secured by State and United States Stocks.

11. December 6, 1854 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, December 6, 1854

Click image to open full size in new tab

Article Text

FLOUR * Π²Ρ‹. Ex. $10,00, com. 8,00@9,50 1,85@1,90 WHEAT if Bush. 80@ RYE if Bush. 75@ CORN if Bush. 40@ OATS P Bush. 1.25@ FLAX SEED P Bush. 3,25@3,00 TIMOTHY SEED P Bush. - 5,00@5,50 CLOVER SEED if Bush. 1,00@1,25 BEANS, white, P Bush. 1,00@1,25 POTATOES P Bush. 50@ 75 ONIONS P Bush. - 18@ BUTTER t 1b $ to - 8@ CHEESE if lb 10@ LARD P tb 12@ EGGS P Doz. 2,00@ SALT P Bbl. 3,00@4,00 COAL, stone, if Ton & 1,25@1,75 WOOD P Cord 1 9,00@10,00 HAY * Ton Broken Banks. The following is a list of Banks, that have suspended within a few months past. For the benefit of our readers, we shall keep it standing, and make weekly additions thereto, of such failures as come a ithin our knowledge: Patchin Bank, Buffalo. Farmers' and Merchants' Bank, Oswego. Farmers' Bank of Canadaigua. Drovers' Bank, Ogdensburg. Bank of Carthage. Farmers' and Merchants' Bank, Meryland, Massillon Bank, Ohio. Farmers' and Merchants' Bank, Memphis. Ohio Savings Institute, Tiffin Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avcnue Bank, New York. Bank of Ellsworth, Maine. Elkhart County Bank Indiana. Bank of Northern Indiana. Bank of Washlenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Newport Safety Fund Bank Kentucky. Kentucky Trust Company. Bank of Kanawha, Virginia, Arlington Bank, Washington, D. C. Farmers' and M. Bank, Washington, D.C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. The Shipbuilders' Bank, Maine. Lewis County Bank, New York. Akron Branch, Akron. Merchants and Traders Branch, Cin. Exchange Bank, Buffalo. Farmers' Joint Stock Bank, Buffalo. Woodbury Bank, Connecticut. Circleville Bank, Circleville. Commercial Bank, Toledo. Merchants Bank, Bridgton. Government Stock Bank, Ann Arbor, Michigan, The City Bank, Columbus, Miami Valley Bank, Dayton, and the CanalBank of Cleveland have suspended payment so far as depositors and time draft holders are concerned, but the bill holders are secured by State and United States Stocks.

12. December 9, 1854 The Daily Minnesota Pioneer Saint Paul, MN
Article from The Daily Minnesota Pioneer, December 9, 1854

Click image to open full size in new tab

Article Text

NEWS ITEMS. The Cleveland Herald of the 23d ult. says:-"We fear a disastrous fire has occurred on the Lake. Satarday evening, some twenty-five miles north of us, the sky became red in one spot as with the glare of fire. The tint began at half past six, deepened into a Jurid color at seven, continued thus for some threequarters of an hour, and then paled away. Light in that direction leads us to suppose that the reflection was caused by a vessel on fire on the Lake. The Cleveland Herald of Tuesday states that the Miami Valley Bank, of Dayton, has suspended; but as its circulation is secured by United States and Ohio Stocks, the banks throughout the State take its notes. During the eleven weeks this season that yellow fever raged in Savannah, there were 600 deaths from pestilence, out of a total mortality of 9675. The Health Committee report that there were 800 cases of cholera in Newark, N. J., during the last season, one-half of which were fatal. The earnings of the M. S. & N. R. R. for Oct. were : $224,185 35 Passengers and mail 62,181 78 Freight and miscellaneous Total $286,377 17 223,575 96 Earnings Oct., 1853 Unesease 62,801 21 The earnings of the road for the 10 months $1,778,386.51 ending Oct. 31 were 1,297,179 11 Same period 1853 $431,207 10 Increase in 10 months (over 37 per cent.) The Hon. George M. Dallas has published a letter announcing his adhesion to a movement in Pennsylvania, to form a "Constitutional Party"-that is to say, a party pledged to maintain the Federal Constitution, as paramount to all other isms of a local or national character. This new party proposes to embrace both Whigs and Democrats. The Cleveland Plaindealer states that various sums of money having been lost through the mails between that place and Wheeling, Shalleross, of Wheeling, Special Mail Agent, undertook to ferret out the robber. Suspicion finally rested on the Wellsville office. Eighty dollars recently mailed at that place was abstracted, and the robbery traced to the son of the P. M., who was arrested. The American party in the Legislature of Pennsylvania proves to be much stronger than was supposed. There are sixty members, says the Harrisburgh Telegraph, of the next Legislature, known to belong to the American order. Frederick Gedge, President of the Covington and Lexington Railroad, committed suicide on Thursday, by throwing himself across the track while a train was passing, which severed his head from his body. The return of bills from New York, drawn against the bonds of the Company, supposed to have been sold in that city, and on which the directorsand himself had heavily endorsed, is alleged as the cause of the act. We learn from Quebec that the Legislative Assembly had come to an understanding to vote a sum of money, amounting to about one hundred thousand dollars, for the relief of the widows and orphans of the ate battles of the allied army in the war against Russia. Thomas P. Williams, one of the largest produce dealers and vessel owners in Milwaukee, has found himself compelled, by the extreme stringency of the money market, to suspend payment, and has made an assignment for the benefit of his creditors. The assignees are Messrs. G. D. Norris, and W. B. Hibbard, gentlemen of known character and business talent. In their hands Mr. Williams has placed every dollar's worth of property he owns, including even his homestead. The liabilities are in the neighborhood of $125,000, and the assets estimated at upwards of $200,000. Rev. Joshua T. Russell, a Baptist clergyman at Jackson, Mississippi, recently fell dead while preaching. The horrors of the Arctic disaster have sensibly affected the amount of travel to Europe. The Baltic, which sailed on Saturday, W as scarcely one-third full -her whole number of passengers being but sixtyseven. Vermont has increased her banking capital during the last year $800,000. The number of banks in the State is 10, with a capital of $3,500,000.

13. December 13, 1854 The Weekly Portage Sentinel Ravenna, OH
Article from The Weekly Portage Sentinel, December 13, 1854

Click image to open full size in new tab

Article Text

UR P Bbl. Ex. $10,00, com. 8,00@9,50 1,85@1,90 HEAT P Bush. 80@ E P Bush. 75@ RN P Bush. 40@ TS P Bush. 1.25@ 1X SEED P Bush. 3,25@3,00 ")THY SEED if Bush. 5,00@5,50 OVER SEED P Bush. 1,00@1,25 ANS, white, P Bush. 1,00@1,25 TATOES P Bush. 50@ 75 IONS P Bush. - 18@ TTER P lb 8@ EESE P It, 10@ RD P tb 12@ GS P Doz. 2,00@ LT P Bbl. 3,00@4,00 L, stone, P Ton 1,25@1,75 OD P Cord 9,00@ 10,00 Y P Ton Broken Banks. The following is a list of Banks, that e suspended within a faw months past. the benefit of our readers, we shall P it standing, and make weekly addiis thereto, of such failures as come ithpur knowledge: Patchin Bank, Buffalo. l'armers' and Merchants' Bank, Oswego. "armers' Bank of Canadaigua. Drovers' Bank, Ogdensburg. Bank of Carthage. 'armers' and Merchants' Bank, Maryland, Massillon Bank, Ohio. 'armers' and Merchants' Bank, Memphis. Ohio Savings Institute, Tiffin Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Cighth Avenue Bank, New York. Bank of Ellsworth, Maine. Clkhart County Bank Indiana. Bank of Northern Indiana. Bank of Washlenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Newport Safety Fund Bank Kentucky. Kentucky Trust Company. Bank of Kanawha, Virginia, Arlington Bank, Washington, D. C. Farmers' and M. Bank, Washington, D.C. tank of Connersville, Indiana. Bank of Hallowell, Maine. The Shipbuilders' Bank, Maine. Lewis County Bank, New York. Akron Branch, Akron. Merchants and Traders Branch, Cin. Exchange Bank, Buffalo. Farmers' Joint Stock Bank, Buffalo. Woodbury Bank, Connecticut. Circleville Bank, Circleville. Commercial Bank, Toledo. Merchants Bank, Bridgton. Government Stock Bank, Ann Arbor, ichigan, The City Bank, Columbus, Miami Valley nk, Dayton, and the CanalBank of Clevend have suspended payment so far as desitors and time draft holders are concerned, it the bill holders are secured by State and nited States Stocks.