Bank of Syracuse (Syracuse, IN)

Episode Information

Episode UID
7001826190699
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
700182619 hash
Start Date
March 1, 1858*
Location
Syracuse, Indiana (41.428, -85.752)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7bc4621c006537e6

Response Measures

None

Description

Multiple contemporaneous notices state the bank is winding up and redeeming its notes at the Bank of Goshen (voluntary closure).

Events (1)
1. March 1, 1858* Suspension
Cause
Voluntary Liquidation
Cause Details
Bank gave notice of intention to withdraw its circulation and is winding up voluntarily; notes redeemed at Bank of Goshen.
Newspaper Excerpt
Bank of Syracuse, redeemed at Bank of Goshen
Source
newspapers

Newspaper Articles (22)
1. June 12, 1857 The New York Herald New York, NY
Article from The New York Herald, June 12, 1857

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The specie paying banks that are winding up and redeeming their circulation at par areBrookville Bank, Bank of the Capitol, Bank of Elkhart, Hoosier Bank, Indiana Stock Bank, Huntington County Bank, Indiana Reserve Bank, Bank of Monticello, redeemed at Branch Bank, Lafayette; Fayette County Bank, redeemat Branch Bank, Connersville; Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany; Bank of Syracuse, redeemed at Bank of Goshen; New York and Virginia State Stock Bank, redeemed at Crescent City Bank; Traders' Bank, Indianapolis, redeemed at the Bank of the Capitol. The suspended banks, redeemed at the Auditor's office at 90 per cent, areBank of Albany, Kalamazoo Bank, State Stock Bank, Marion, and Bank of Clinton. Those at 87 per cent are-Bank of America and Bank of Connersville. At 92 per cultureTraders' Bank, Nashville, and Wabash Valley Bank. Those at par are-Agricultural, Orange, Bank of Perryville, Rockport, South Bend, Wayne Bank, Logansport and Bank of Warsaw. The Atlantic Bank at 80 per cent; Elkhart, 97; Farmers' Bank, Jasper, at 91; Laurel Bank at 82; Nerthern Indiana at 832 State Stock Bank, Peru, at 85; Bank of T. Wadsworth at 91; Bank of North America, Clinton, at 90; Savings Bank of Indiana, Connersville, 69.

2. October 7, 1857 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, October 7, 1857

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Indiana Banks. The Indianapolis Journal of the 29th ult. furmishes the following list of specie paying banks in that state, and also the value of the notes of suspended banks. The issues of banks not included in the list are worth the or nothing; SPECIE PAYING BANKS. Bank of the State of Indiana and branches. *Brookville bank, Brookville. Bank of the Capitol, Indianapolis. *Bank of Elkhart, Elkhart. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Indiana, Michigan City. Bank of Monticello, Monticello. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabashtown. *Bank of Syracuse, Syracuse. Bank of Salem, Salem. Bank of Salem, New Albany. Bloomington bank, Bloomington. Crescent City bank, Evansville. Canal bank, Evansville. Cambridge City bank, Cambridge. Central Bank, Indianapolis. Exchange bank, Greencastle, "Fayette Co. bank, Connersville. Farmers' bank, Westfield. Hoosier bank, Logansport. Huntington county bank, Huntington. Indiana bank, Madison. "Indian Reserve bank, Kokomo. Indiana Farmers' Bank, Franklin. *Indiana Stock bank, Laporte. Kentucky Stock bank, Columbus. Lagrange bank, Lima. Merchants' & Mechanics' bank, N. Albany: New York and Virginia State Stock bank, Evansville, Parke county bank, Rockville. Prairie city bank, Terre Haute. Southern bank of Indiana, Terre Haute. Salem bank, Goshen. State bank of Indiana and branches. "Traders' bank, Indianapolis. Tippecanoe bank, Logansport. NOTE.-The above list embraces the State bank and branches, the bank of the State of Indiana, and branches, and such of the specie-paying free banks as are now doing, or have been doing, a legitimate business in regular banking houses. Those marked with a * star are withdrawing their oirculation. The notes of the bank of Monticello are redeemed at the branch bank, Lafayette; of the bank of Syracuse, at the bank of Goshen; of the Fayette county bank, at the branch bank, Connersville; Merchants' and Mechanics' bank, at the branch bank, New Albany; New York and Virginia Stock bank, at the Crescent city bank, Evansville. SUSPENDED AND BROKEN BANKS. The following list embraces the suspended free banks of Indiana, whose issues are redeemed by the auditor at the rate affixed to each, except where another place of redemption is named in the list:

3. October 9, 1857 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, October 9, 1857

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furnishes the following list of specie paying banks in that state, and also the value of the notes of suspended banks. The issues of banks not included in the list are worth little or nothing; SPECIE PAYING BANKS. Bank of the State of Indiana and branches. Brookville bank, Brookville. Bank of the Capitol, Indianapolis. Bank of Elkhart, Elkbart. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Indiana, Michigan City. Bank of Monticello, Monticello. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabashtown. *Bank of Syracuse, Syracuse. Bank of Salem, Salem. Bank of Salem, New Albany. Bloomington bank, Bloomington. Crescent City bank, Evansville. Canal bank, Evansville. Cambridge City bank, Cambridge. Central Bank, Indianapolis. Exchange bank, Greencastle, *Fayette Co. bank, Connersville. Farmers' bank, Westfield. Moosier bank, Logansport. "Huntington county bank, Huntington. Indiana bank, Madison. Indian Reserve bank, Kokomo. Indiana Farmers' Bank, Franklin. *Indiana Stock bank, Laporte. Kentucky Stock bank, Columbus. Lagrange bank, Lima. *Merchants' & Mechanics' bank, N. Albany. *New York and Virginia State Stock bank, Evansville, Parke county bank, Rockville. Prairie city bank, Terre Haute. Southern bank of Indiana, Terre Haute. Salem bank, Goshen. State bank of Indiana and branches. *Traders' bank, Indianapolis. Tippecanoe bank, Logansport. NOTE.-The above list embraces the State bank and branches, the bank of the State of Indiana, and branches, and such of the speeie-paying free banks as are now doing, or have been doing, a legitimate business in regular banking houses. Those marked with a star are withdrawing their circulation. The notes of the bank of Monticello are redeemed at the branch bank, Lafayette; of the bank of Syracuse, at the bank of Goshen; of the Fayette county bank, at the branch bank, Connersville; Merchants' and Mechanics' bank, at the branch bank, New Albany New York and Virginia Stock bank, at the e Crescent city bank, Evansville. SUSPENDED AND BROKEN BANKS. The following list embraces the suspended free banks of Indiana, whose issues are rer deemed by the auditor at the rate affixed to each, except where another place of redemption is named in the list : bank M. Stanling

4. October 23, 1857 Indiana American Brookville, Indianapolis, IN
Article from Indiana American, October 23, 1857

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folks can only realize six, except in times like these when they can realize from five to a hundred, OVER THE LEFT. But says the friend of banks, "well regulated banks are useful"-so, we add would be a well regulated whirlwind,-take the twists out of it, and "regulate" its speed to about five miles an hour, and it would not only be harmless but very pleasant ; but it would no longer be a whirlwind, that is all() Take away from banks the power to shave-the right to take all the interest it wants-the right to"issue notes, and the right to break with those notes in the hands of poor people, and it would no longer be a bank. Some of our readers want us to give a tlist of bad banks, That would require about twice large a sheet as ours, devoted to banks alone. The New York banks are all suspended. The following are considered too bad to take, all others are current: Ingra River bank, Tonawanda. Agricultural bank, Herkimer County, Dairyman's bank, Newport, Hollister bank, Buffalo, Ontario bank, Utica. O. Lee & Co's bank, Buffalo. Bank of Orleans, Albion. Reciprocity bank, Buffalo. Sackett's Harbor bank, Buffalo, Yates County bank, Penn Yan. Tompkin's County bank, Ithaca. Huguenot bank, New Paltz, Medina bank, Medina. Troy City bank Troy. Central bank of New York, of Utica. Hamilton Exchange bank. Greene. The following Illinois banks have increased their securities, and are current: Agricultural bank: Alton bank; Bloomington bank; Central (Peoria) bank : City (of Ottawa) bank; Chicago bank; Citizen bank; Elgin bank; Edgar County bank: Farmers' and Traders' bank; Frontier bank; Galena bank: Grayv Ille bank; In. ternational bank; Lafayette bank: Marion bank; McLean County bank; Merchants' and (Drovers bank; National bank: Northern Illinois bank; Na. pierville bank; Prairie Sta to bank; Bank of Peru; Pike County bank; Quincy bank; Railroad bank: Southern (Gravville) bank; State (Shawneetown) bank; E. 1. Tinkham & Co's bank; Warren County bank. The Ohio State Banks except the following, are current now, but may not be by the time our paper reaches its readers. Dayton Bank. Sandusky City do. Clinton do. Columbus. Miami Valley do. do. Columbus. City Franklin do. Columbus. The Kentucky Banks are yet current The following Free Banks in Indiana have increased their securities and are re" garded safe. There surplus of securities, over issues of 114,999: Bank of Goshen " Gosport. Mt. Vernon. Indiana. " Paoll. " Rockville. " Salem, New Albany. : Salem, Salem. Bloomington Bank. Cambridge City do. Canal do do Crescent City do Exchange do Westfield. Farmers' do Indiana Indiana Farmsrs' de Kentucky Stock do do Lagrange do Parke County do Prairie City Salem do Goshen. Southern do of Indiana. Thy following banks are closing, but their securities are good, amounting to 7,565 above issues: Central Bank. Brookville do Bank of the Capitol. " of Elkhart. of Monticello. of Syracuse Hoosier do Indiana Stock do Huntington County do Indiana Reserve do Fayette County do Merchants & Mechanics' do The Tippecanoe Bank is under protest.

5. January 15, 1858 The New York Herald New York, NY
Article from The New York Herald, January 15, 1858

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BANKS OF RHODE ISLAND. Due from Banks. 93 B'ks Dec. 14. 98 B'ks May 2. in $20,561,510 Capital actually paid $20.857,075 Bills in circulation 3,192,661 5,344,662 Deposits on interest 381,402 439,322 Deposits not on interest 2,452,327 3,045,571 Debts due to other banks 1,661,204 1,484,358 Dividends unpaid. 57,780 74,985 Net profits on hand 1,308,979 1,338,505 Total amount of liabilities $29,615,867 $32,584,482 Resources of the Banks. Debts due from directors $1,571,713 $1,568,742 " from stockholders 1,306,004 2,338,120 " from all others 22,945,433 25,136,935 Specie actually in banks 570,850 329,724 Bills of other banks 860,778 1,220,047 Deposits in other banks 1,410,675 1,134,609 Its own held by the bank 226,733 83,472 Amount and description of stock in other banks and of other stocks owned by the bank 145,129 127,839 Real estate 527,787 505,705 50,760 Other property 89,182 Total amount of resources $29,615,867 $32,584,482 Increase of capital since last return 201,500 458,429 Amount of last dividend 727,121 732,949 Reserved pronts at the time of last dividend 903,341 834,438 Debts due and not paid 1,387,425 585,152 Amount of suspended paper considered bad or doubtful 304,450 86,056 Amount loaned on pledges of stock in the bank $92,550 665,698 Amount of bills in circulation under five dollars 710,975 1,146,217 Among the facts exhibited by this report are, that in May last the circulation of all the banks was $5,344,662. when they then held $329,724 in specie, or about 6 per cent. By the report made in Decem. ber, the circulation was $3,192,661, with $570,850 in specie, or a proportion of 18 per cent of the circulation. The loans in this time have been reduced $3,271,847. A fact in connection with this must be stated: that the May report embraced the returns of five more banks, with an aggregate of about $300,000 capital, than are given in the latter report. Four of these banks have gone into liquidation, and one did not make its report in season to be included in the abstract. The State Auditor of Indiana gives the following official statement in relation to the free banks of that State:INDIANA FREE BANKS, JAN. 1, 1858. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of the State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation:Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli. Paoli. Bank of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bioomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Park County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Haute. The following barks have complied with the amended law. but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin:Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following banks gave notice of their intention to close prior to the first day of March, 1858, in preference to complying with the provisions of the amended law, requiring ten per cent excess of securities. The notes are redeemed at par:Bank of Elkhart, redeemed at the bank. " Brookville Bank, " " Hoosier Bank, " Huntington County Bank, " Indiana Stock Bank, Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette County Bank, redeemed at Branch Bank, Connersville. Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Branch Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED INDIANA FREE BANKS. The notes of the following banks are redeemed by the Auditor of State, viz. Agricultural Bank at par. Atlantic Bank at 80c. at 90c. Bank of Albany Bank of Albion at par. Bank of America at 87c. Bank of Attica at 80c. at 88c. Bank at Bridgeport 87c. Bank of Conneraville

6. February 11, 1858 Marshall County Democrat Plymouth, IN
Article from Marshall County Democrat, February 11, 1858

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The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent. in excess of their circulation. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greencastle. Farmers Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank, Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Haute. The following banks have complied with the the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin. Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following banks have given notice of their intention to close prior to the first day of March, 1858, in preference to complying with the provisions of the amended law, requiring ten per cent. exeess of securities. The notes are redeemed at par: Bank of Elkhart, redeemed at the Bank' " " " Brookville Bank, " " " Hoosier Bank, Huntington County Bank, redeemed at the Bank. " " " " Indiana Stock Bank of Montic llo, redeemed at the Branch Bank, Lafayette. Fayette County Bank, redeemed at the Branch Bank, Connersville. Merchants' and Mechanics' Bank, redeemed at the Branch Bank, New Albany. Bank of Syracuse, redeemed at the Branch Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED INDIANA FREE BANKS. The notes of the following banks are redeemed by the Auditor of State. viz:

7. February 18, 1858 Marshall County Democrat Plymouth, IN
Article from Marshall County Democrat, February 18, 1858

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ted with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent. in excess of their circulation. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greencastle. Farmers Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank. Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Haute. The following banks have complied with the the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin. Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following banks have given notice of their intention to close prior to the first day of March, 1858, in preference to complying with the provisions of the amended law, requiring ten per cent. exeess of securities. The notes are redeemed at par: Bank of Elkhart, redeemed at the Bank' " " " Brookville Bank, " " " Hoosier Bank, Huntington County Bank, redeemed at the Bank. " " " " Indiana Stock Bank of Montic llo, redeemed at the Branch Bank, Lafavette. Fayette County Bank, redeemed at the Branch Bank, Connersville. Merchants' and Mechanics' Bank, redeemed at the Branch Bank, New Albany. Bank of Syracuse, redeemed at the Branch Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED INDIANA FREE BANKS. The notes of the following banks are redeemed by the Auditor of State. viz:

8. February 25, 1858 Marshall County Democrat Plymouth, IN
Article from Marshall County Democrat, February 25, 1858

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BANK NOTE LIST. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent. in excess of their circulation. Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Cambridge City Bank, Cambridge City. Exchange Bank, Greencastle. Farmers Bank, Westfield. Indiana Bank, M udison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank. Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank. Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, Terre Haute. The following banks have complied with the the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin. Bank of Indiana, Michigan City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by the Treasurer of State. Crescent City Bank, Evansville. The following banks have given notice of their intention to close prior to the first day of March. 1858, in preference to complying with the provisions of the amended law, requiring ten per cent. exeess of securities. The notes are redeemed at par: Bank of Elkhart, redeemed at the Bank' " " " Brookville Bank, " " " Hoosier Bank, Hantington County Bank, redeemed at the Bank. " " " " Indiana Stock Bank of Montic llo, redeemed at the Branch Bank, Lafayette. Fayette County Bank, redeemed at the Branch Bank, Connersville. Merchants' and Mechanics' Bank, redeemed at the Branch Bank, New Albany. Bank of Syracuse, redeemed at the Branch Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED INDIANA FREE BANKS. The notes of the following banks are redeemed beth of S

9. April 6, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, April 6, 1858

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lowing circular in relation to the Free Banks of the State. OFFICE OF AUDITOR OF STATE, Indianapolis, April 1, 1858. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen; Bank of Gosport, Gosport; Bank of Mt. Vernon, Mt. Vernon; Bank of Paoli, Paoli; Bank of Rockville, Wabash; Bank of Salem, New Albany; Bank of Salem, Salem; Bloomington Bank, Bloomington; Exchange Bank, Greencastle; Farmers' Bank, Westfield; Indiana Bank, Madison; Indiana Farmers, Bank, Franklin; Kentucky Stock Bank, Columbus; Lagrange Bank, Lima; Parke County Bank, Rockville; Prairie City Bank, Terre Haute; Salem Bank, Goshen, Southern Bank of Indiana, Terre Haute. The following banks have complied with the amended law, but havesince given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City; Cambridge City Bank, Cambridge City; Canal Bank, Evansville; Central Bank, Indianopolis; redeemed by the Treasurer of State; Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par as specified. The ten per cent excess of securities is retained by the Auditor: Bank of Elkhart, redeemed at the bank; Brookville Bank, redeemed at the bank; Hoosier Bank, redeemed at the bank; Huntington County Bank, redeemed at the bank; Indiana Stock Bank, redeemed at Fletcher's Bank; Bank of Monticello, redeemed at the Branch bank, Lafsyette; Fayette County Bank, redeemed at the Branch bank, Connersville; Merchants' and Mechanics' Bank, redeemed at the Branch Bank, New Albany; Bank of Syracuse, redeemed at Bank of Goshen; Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. Suspended Banks.-The notes of the following banks are redeemed by the Auditor of State. viz:

10. May 7, 1858 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, May 7, 1858

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Indiana Free Banks. OFFICE OF AUDITOR OF STATE. $ Indianapolis, April 1 1858. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, Salem. Bank of Salem, New Albany. Bloomington Bank Bloemington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank, Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, T. Haute. The following Banks have complied with the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville. Central Bank, Indianapolis - redeemed by the Treasurer of State. Crescent City Bank Evansville. The following Banks are winding up voluntarily, and are redeeming their notes at par, as specified. The ten per cent. excese of securities is retained by the Auditor: Bank of Elkhart, redeemed at the Bank. Brookville Bank, do do do do Hoosier Bank, do do do do Huntington Co. Bank, redeemed at the Bank. Indiana Stock Bank, redeemed at Fletchf er's Bank. e Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch S Bank, Connersville. Merchants' and Mechanics' Bank redeeme ed at Branch Bank, New Albany. = Bank of Syracuse, redeemed at Bank of -Goshen. Indiana Reserve Bank, redeemedat Fletch = er's Bank, Indianapolis. SUSPENDED BANKS. r The notes of the following Banks are

11. May 13, 1858 Marshall County Democrat Plymouth, IN
Article from Marshall County Democrat, May 13, 1858

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Indiana Free Banks. OFFICE OF AUDITOR OF STATE, ) Indianapolis, May 1, 1858. 5 The following Banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market valtie, to an amount not less than fifty thousand dollars, and ten per ct. in excess of their circulation: Bank of Goshen, Goshen; do Gosport, Gosport: do Mt. Vernon, Mt. Vernon; do Paoli, Paoli; do Rockville, Wabash; do Salem, New Albany; do Salem, Salem, Bloomington Bank, Bloomington; Exchange Bank, Greencastle; Farmers' Bank. Westfield; ) Indiana Bank, Madison; Indiana Farmers' Bank, Franklin; I Kentucky Stock Bank, Columbus; Lagrange Bank. Lima; Parke County Bank, Rockville; ) Prairie City Bank, Terre Haute; Salem Bank, Goshen; Southern Bank of Indiana, Terre Haute. The following Banks have complied with t the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in ) coin: f Bank of Indiana, Michigan City; Cambridge City Bank, Cambridge City; Canal Bank, Evansville; Central Bank, Indianapolis-redeemed by the Treasurer of State; Crescent City Bank, Evansville. The following Banks are winding up voluntarily, and are redeeming their notes at par, as specified. The ten per cent. excess of securities is retained by the Auditor: Bank of Elkbart, redeemed at the Bank; " " Brookville Bank, " " Hoosier Bank, " " Huntington Co. Bank Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Connersville. Merchants' & Mechanics', redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, at Fletcher's Bank Indianapolis. SUSPENDED BANKS. The notes of the following Banks are redeemed by the Auditor of State: Agricultural Bank, at par. Atlantic Bank, at 80. Bank of Albany, at 90. Bank of Albion, at par. Bank of America at - 87. Dank of Attica, at 82. Bank of Bridgeport, at 88. Bank of Connersville, at 87. Bank of Perrysville, at par. Bank of South Bend, at par. Bank of T. Wadsworth, at 91. Bank of North America, C Clinton, at 90. Bank of Rockport, at p or. Farmers' Bank, Jaspe* Kalamazoo Bank, at na is at 91. 90. Laurel Bank, at 8 2. Northern Indiar Bank, at 83.

12. June 7, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 7, 1858

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(From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten por cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lugrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute: Salem Bank, Goshen. Seuthern Bank of Indiana. Terre Haute. The following banks have complied with the amended law. but have since given notice of their intention to withdraw their vir. culation. Their notes are payable in coin: Bank of Indiana. Michigan City. Cambridge City Bank. Cambridge City. Canal Bank. Evansville. Central Bank. Indianapotis-redeemed by he reasure of State. Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par. as specified. The ten cent excess of se curities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. .. " Brookville Bank, " " Hoosier Bank, " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank Connersville Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED BANKS. The notes of the follemine ave

13. June 8, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 8, 1858

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[From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, 1 , Indianapoiis, June 1. '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, attheir market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon Bank of Paoli. Paoli. Bank of Rockville. Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle, Farmers' Bank, Westfield. Indiana Bank. Mudison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bauk, Columbus. Ingrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Seuthern Bank of Indiana. Terre Haute. The following banks have complied with the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana. Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville. Central Bank. Indianapotis-redeemed by be reasure of State. Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par. as specified. The ten cent excess of se curities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. " : " Brookville Bank, " " " Hoowier Bank. " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank Conneraville Merchants' and Mochanics' Bank, redeemed sit Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED BANKS. The notes of the following hanks era no.

14. June 9, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 9, 1858

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[From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Seuthern Bank of Indiana, Terre Haute. The following banks have complied with the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville. Central Bank, Indianapolis-redeemed by he reasure of State. Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par, as specified. The ten cent excess of securities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. " Brookville Bank, " " " Hoosier Bank, " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank Connersville. Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED BANKS. The notes of the following banks are re-

15. June 10, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 10, 1858

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[From the Indianapolis Sentinol, June 1st.) Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, attheir market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoll. Bank of Rockville Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Parmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshed. Sauthern Bank of Indiana, Terre Haute. The following banks have complied with the antended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City, Caual Bank, Evansvillo. Central Bank, Indianapolis-redeemed by ho reasure of State. Creacent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par as specified. The ten cent excess of securities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. " is Brookville Bank, " " Hoosier Bank, " Huntington Co.: Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Favette Co. Bank, redeemed at Branch Bank Connersville Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at FletchBauk, Indianapolis. SUSPENDED BANKS. This notes of the following banks are re-

16. June 11, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 11, 1858

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[From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville. Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Seuthern Bank of Indiana, Terre Haute. The following banks have complied with the amended law, but have since given notice of their intention to withdraw their circulation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville. Central Bank, Indianapolis-ledeemed by be .reasure of State. Crescent City Bank, Evansville. The following banks are winding up voluntarily, and are redeeming their notes at par. as specified. The ten cent excess of securities is retained by the Auditor: Bank of Elkhart, redeemed at the bank. " " : Brookville Bank, " " " Hoosier Bank. " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branoh Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank Connersville Merchants' and Mechanics' Bank, redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank, Indianapolis. SUSPENDED BANKS. The notes of the following banks are re-

17. June 12, 1858 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, June 12, 1858

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[From the Indianapolis Sentinol, June 1st.] Indiana Free Banks. OFFICE OF AUDITOR OF STATE, Indianapolis, June 1, '58. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, attheir snarket value, to an amount not less than gifty thousand dollars, and ten per cent in 6X06SS of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gosport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville. Wabash. Bank of Salem. New Albany. Bank of Salem, Salem. Bloomington Bank, Bloomington. Exchange Bank, Greencastle. Farmers' Bank, Westfield. Indiana Bank. Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Lagrange Bank, Lima. Parke County Bank. Rockville. Prairie City Bank, Terre Haute. Salem Bank, Goshen. Seuthern Bank of Indiana, Terre Haute. The following banks have complied with the amended law, but have since given not 06 of their intention to withdraw their circ ilation. Their notes are payable in coin: Bank of Indiana. Michigan City. Cambridge City Bank, Cambridge City. Canal Bank. Evansville. Central Bank. Indianapoiis-redeemed by be reasure of State. Crescent City Bank, Evanaville. The following banks are winding up volI utarily, and are redeeming their notes at T ir. as specified. The ten cent excess of se c aritios is retained by the Auditor: Bank of Elkhart, redeemed at the bank. .. " " Brookville Bank, " " " Hoowier Bank. " " Huntington Co. Bank, Indiana Stock Bank, redeemed at Fletchone Bank. Bank of Monticello, redeemed at Branch I ank, Lafayette. Fayette Co. Bank, redeemed at Branch ] Bank Connersville Merchants' and Mechanics' Bank, redeem, I at Branch Bank. New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank. redeemed at Fletch(*'s Bauk, Indian ipolin. SUSPENDED BANKS.

18. June 18, 1858 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, June 18, 1858

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Indiana Free Banks. OFFICE OF AUDITOR OF STATE. 1 Indianapolis, April 1 1838 The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not legs than fifty thousand dollars, and ten por cent in excess of their circulation: Bank of Goshen, Goshen. Bank of Gosport, Gesport. Bank of Mt. Vernon, Mt. Vernon Bank of Paoli, Paoli. Bank of Rockville, Wabash Bank of Salem, Salem. Bank of Salam, New Albany. Bloomington Bank Bloemington. Exchange Bank, Greenenstle. Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus Lagrange Bank, Lime. Parke County Bank, Rockville. Prairle City Bank, Terre Haute. Salem Bank, Goshen. Southern Bank of Indiana, T. Haute. The following Banks have complied with the amended law, but have since given no. tice of their intention to withdraw their cir culation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville Central Bank, Indianapolis - redeemed by the Treasurer of State. Créscent City Bank Evanaville. The following Banks are winding up vul. untarily, and are redeeming their notes at par, ns specified. The ten per cent. excese of securities is retained by the Auditor: Bank of Eikhart, redeemed at the Bank. Brookville Bank, do do do do do do do do Hoosier Bank, Huntington Co. Bank, redeemed at the Bank. Indiana Stock Bank, redeemed at Fletch er's Bank. Bank of Monticello, deemed at Branch Bank, Lafayette. Fayette Co. Bank, redeemed at Branch Bank, Connersville. Merchants' and Mechanics' Bank redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indiana Reserve Lark, redeemed at Fletch er's Bank, Indianapor. s.

19. November 3, 1858 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, November 3, 1858

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Indiana Free Banks. OFFICE OF AUDITOR OF STATE. , INDIANAPOLIS, Aug. 10. 1858. s The following banks have complied with the amended law of 1855. and have securities dept paosiwith the Treasurer of State, at their market value, to an amount not less than fitty thousand dollars, and ten per cent in excess of their circulation: Bank of Elkhart, Elkhart. Bank of Goshen, Goshen. Bank of Gosport, Gesport. Bank of Mt. Vernon, Mt. Vernon. Bank of Paoli, Paoli. Bank of Rockville, Wabash. Bank of Salem, Salem. Bank of Salem, New Albany. Bloomington Bank Bloemington. Exchange Bank, Greencastle Farmers' Bank, Westfield. Indiana Bank, Madison. Indiana Farmers' Bank, Franklin. Kentucky Stock Bank, Columbus. Ligrange Bank, Lima. Parke County Bank, Rockville. Prairie City Bank, Terre Haute. Salem Bank. Goshen. Southern Bank of Indiana, T. Haute. The following Banks have complied with the amended law, but have since given notice of their intention to withdraw their cir. culation. Their notes are payable in coin: Bank of Indiana, Michigan City. Cambridge City Bank, Cambridge City. Canal Bank, Evansville. Central Bank, Indianapolis — redeemed by the Treasurer of State. Crescent City Bank Evanaville. The following Banks are winding up vul. untarily, and are redeeming their notes at par, ns specified. The ten per cent. exces of securities is retained by the Auditor: Brookville Bank, redeemed at the Bank. Hoosier Bank, do do do do Huntington Co. Bank, redeemed at the Bank. Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank, Lafayette. Fnyette Co. Bank, redeemed at Branch Bank, Connersville. Merchants' and Mechanics' Bank redeemed at Branch Bank, New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indiana Reserve Bank, redeemedet Fletch. er's Bank, Indianapolis. SUSPENDED BANKS. The notes of the (ellemine Banks ---

20. November 11, 1858 Marshall County Democrat Plymouth, IN
Article from Marshall County Democrat, November 11, 1858

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Indiana Free Banks. OFFICE OF AUDITOR OF LTATE. Indianapolis, Nov. 1, 1858. The following Banks have complied with the amended law of 1855, and have sécurities deposited with the Treasurer of the State, at their market value, to any amount not less than $50,000, and ten per cent, in excess of the circulation: Bank of Elkhart, Elkhart Bank of Goshen, Goshen Bank of Gosport, Gosport Bank of Mt. Vernon, Mt. Vernon Bank of Paoli, Paoli Bank of Rockville, Wabash Bank of Salem, New Albany Bank of Salem, Salem Bloomington Bank, Bloomington Exchange Bank, Greencastle Indiana Bank, Madison Indiana Farmers' Bank, Franklin Kentucky Stock Bank, Columbus Lagrange Bank, Lima Parke County Bank, Rockville Prairie City Bank, Terre Haute Salem Bank, Goshen Southern Bank of Indiana, Terre Haute The following Banks have complied with the amended law, but have since gave notice of their intention to withdraw their circulation. Their notes are payable in coin: Farmers' Bank, Westfield Bank of Indiana, Michigan City Cambridge City Bank. Cambridge City Canal Bank, Evansville Central Bank, Indianapolis-redeemed by the Treasurer of the State Cresent City Bank, Evansville The following banks are winding up voluntarily, and are redeeming their notes at par, as specified. The ten per cent. excess of securities is retained by the Auditor. Brookville bank redeemed at the Bank. " " " Hoosier Bank, " " Huntington Co. Bank, " Indiana Stock Bank, redeemed at Fletcher's Bank. Bank of Monticello, redeemed at Branch Bank Lafayette. Fayette Co. Bank, redeemed at Branch Bank Connersville. Merchants' and Mechanics' Bank, redeemed at Branch Bank New Albany. Bank of Syracuse, redeemed at Bank of Goshen. Indian Reserve Bank, redeemed at Fletcher's Bank Indianapolis. SUSPENDED BANKS. The notes of the following Banks are re-

21. December 14, 1860 The New York Herald New York, NY
Article from The New York Herald, December 14, 1860

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FINANCIAL AND COMMERCIAL. THURSDAY, Dec. 13-6 P. M. The better feeling in mercantile circles which was remarked yesterday was prevalent to-day also, though we cannot quote any very marked improvement in paper. First class signatures continue to pass at 12 a 15 a 18 por cent, and the demand for paper is still quite light. Considerable surprise is expressed at the cool manner is which the news of our crisis seems to have been received II England. When the Europa sailed, the English had before them quotations of sterling exchange here at 101 a 102, with no demand at the decline, and quotations of stocks generally lower than any which have been sent over since. Yet in the face of this, the Bank reduces the rate of interest, not ½, but 1 per eent, and American stocks are maintained 5 a 6 per cent above our prices. The favorite theory in Wall street is that the English had not had time to realize the seriousness of our situation: that they were incredulous as to the purpose of the Southern States; and that when they receive the news by the Persia and the steamers which followed her, they will feel less hopeful, the Bank will raise the rate of interest, and cotton and stocks will fall. The stock market opened to-day with a better demand for State stocks, which are beginning to recover from the panic, but with an increased supply of New York Central, mainly in consequence of the unsatisfactory nature of the report. That document, of which we shall pub. Hsb 8 me extracts when our columns are less crowded, shows, DR we stated yesterday, a net profit for the year of only 6½ per cent. It will confirm the belief of those who have all along asserted that the Central was never run for FO small a proportion of the gross earnings as has been stated in the reports. The expenses have for some years been larger than was confessed, and the consequence is that now, with gross earnings largely increased over last year, the directors are forced to confess that their net earnings are less. still, notwithstanding the adverse effect of these dis. closures on the market, the scaroity of stock began to affect prices after the first board, and there was a general rally, which lasted till the close of business, the market being quite firm at the close. The following were the last quotations of the day:-United States 5's 1874, 89% a 90; Indianas, 90: Virginia 6's, 76 a 79; Tennessee 6's, 71% a72; Missouri 6's, 66 a 3/2; Canton, 13 a 14; Cumberland Coal preferred, 8 a 10: Pacific Mail, 79 a ½; New York Central, 73½ a 74; Erie, 28 a ½; Hudson River, 39 a %; Harlem, 1336 a %: Harlem preferred, 31% a 321/21 Reading, 32% a 33; Michigan Central, 47 a M; Michigan Southern and Northern Indiana, 12% a 13; Michigan Southern and Northern Indiana guaranteed, 27% a 28½; Panama, 112 a 116; Illinois Central, 583/4 a ½; Galena and Chicago, 62 & ½; Cleveland and Toledo, 24% a ½; Chicago and Rock Island, 471/2 a 48; Chicago, Burlington and Quincy, 63 a 64; Delaware, Lackawana and Western, 73 a 75; Ilinois Central bonds, 87 a ½. The business of the Sub-Treasury was as follows today $100,045 85 Receipts 36,000.00 -For customs 328,170 93 Payments Balance 2,685,995 72 The exchanges at the Bank Clearing House this morning were $17,673,192 90, and the balances $1,224,978 78. The Boston and Lowell Railroad has declared a semiannual dividend of four per cent, payable January 4. The Philadelphia Ledger of December 13 says:--There is no change in the money market. The only rates at which any paper sells at all are 15 a 18 a 24 per cent, and nothing but first class signatures can be passed at these rates. The discount brokers report absolute dulnees in their business. The applications at bank continue pressing, though the demand is met with more liberality than would be supposed, considering the current rates of paper on the street. Call loans are effected at 7 a 8 per cent. The Buffalo Commercial Advertiser says:The following free banks of Indiana have been thrown out :-Brookville Bank, at Brookville; Bank of Syracuse, at Syracuse: Bank of Indiana, at Michigan City: Indiana Reserve Bank, at Kokomo; Fayette County Bank; Bank of Connersville; Hoosier Bank, at Logansport. They are all winding up, and, it is said, have less than $1,000 each in circulation. The notes are secured by bonds given to the Auditor when the securities were surrendered. The New Orleans Picayune of Saturday last, December 8, says:Under the influence of the New York despatches, foreign exchange gave way 1a1% per cent this morning, and negotiations could only be effected with difficulty Clear sterling was dealt in moderately, at 95 a 98, the latter an extreme figure for the best. Drafts with doeumentary evidence are not offered. Francs are duil and tending downward. Probably the correct quotation would be 5f. 90 & 5f. 80, though an exceptional name might bring a fraction over. Time bills on the North are wholly unsaleable. Sight was transacted at 1½ a 1% per cent discount. Altogether the market closed heavily. The money market continues in statu quo. Outside loans are made in rare instances at extravagant rates, but, as a general rule, there is no settled price for anything. The suspension of several prominent houses has as hat lessened the pressing demand for money, with. out increasing the supply, 80 that practically we are no better off. But in the meanwhile the banks are daily growing stronger, and being already in a position to withstand any assault, they will shortly begin to look around for casual investments. In fact, there is an inclination to entertain proposals for new discounts, though on a limited

22. October 19, 1892 The Record-Union Sacramento, CA
Article from The Record-Union, October 19, 1892

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HOOSIER LESSON. The Bobtail Banking System in That State Tried. The Result of What the Democratic Party Demands a Return To. In addition to the startling presentation in the stateof Philadelphia wildcat banking speach, Major specific McKinley's ment below from the Indianapolis Journai should receive careful attention. It is not matter prepared for present campaign purposes, but embodies the report of the State Auditor of Indiana upon the collapse of free banking in that State in 1859. The Journal thus lays the case before the country: The semi-annual statement of the Auditor in ing of the of the Indiana, of the State, condition reported issued April, following free 1859, banks show- banks as their circulation: with having the following withdrawn outstanding securities, Brookville Bank, redeemed at the Bank of Brookville, $12,004; Bank of Syracuse, redeemed at the Bank of Goshen, $10,964; Merchants' and Mechanics' Bank, redeemed at branch of the New the branch Bank Fayette of of County the State, Bank, redeemed Albany, $1,037; at the State Bank at Connersville, Indiana at the of & redeemed John $1,688; Bohan Co., banking-house Kokomo, Reserve Bank, $1,190. the law at their These had pledged withdrawn banks, for their under stock that securities time, circulation, and had given a bond, with personal security only, for the redemption of their outstanding notes. The Sentinel of July 26th, commenting on this state of facts. said: "We learn that the Bank of the State proposes, after it has paid out and disposed of what it has on hand, to utterly of whatever and refuse this loss sharp to there receive financiering that kind paper. expense By may be in the redemption the not upon ere the of has the probably the notes bank. will fall As, rid upon of this, public, bank got what it may have had on hand, the public will have to shoulder the depreciation and delay attending the redemption of the paper." The law under which this free bank system was established was a Democratic measure, and several of the Democratic State officers of that day were in the business up to their eyes. The commercial article in the Journal of July 7, 1859, contains a list of speciepaying banks in Indiana, together with a list of suspended and broken banks, with the market value of their notes, as follows: Cents.