Bank of Circleville (Circleville, OH)

Episode Information

Episode UID
8442406690659
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
844240669 hash
Start Date
November 6, 1854
Location
Circleville, Ohio (39.601, -82.946)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9c7abf8b2c83eafd

Response Measures

None

Description

Suspension driven by other banks refusing its notes; later reporting describes it as failed and corporate existence ended.

Events (2)

1. November 6, 1854 Suspension
Cause
Local Banks
Cause Details
Bankers in Cincinnati, Chicago, and Cleveland refused the bank's notes and market stringency forced suspension.
Newspaper Excerpt
In consequence of the unexpected telegraph intelligence...the Bank has been compelled to suspend.
Source
newspapers
2. March 22, 1855 Other
Newspaper Excerpt
The Bank of Circleville, whose corporate existence expired a few days since, and whose business was stopped a few months ago by its own rottenness, is now engaged in buying up its own paper at a greatly depreciated price.
Source
newspapers

Newspaper Articles (18)

Article from The Weekly Lancaster Gazette, November 9, 1854

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17 By the politeness of Mr. Kingsberry we have received the following Circular.-Scioto Gaz. BANK OF CIRCLEVILLE, NOVEMBER, 7th 1854. In consequence of the unexpected telegraph intelligence received last evening that the Notes ofthis Institution were refused on yesterday by the Bankers at Cincinnati, Cleveland, and other cities and the unparalleled stringency of the money market, this Bank has been compelled to suspend. The public is requested to make no sacrafice upon our paper, as the assets of the Bank are abundantly sufficient to pay all its liabilities. All we ask is time to collect the debts due us. J.L. FRANKLIN, Prest. H. K. LAWRENCE, Cash


Article from The Daily Union, November 9, 1854

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to the 3d inst., has arrived at this port, but brings no further tidings relative to the ill-fated steamship Aretic. Bank Failures in the West. CINCINNATI, Nov. 8.-The Bank of Circleville and Clinton Bank at Columbus have failed. The following bankers in this city suspended payment today: Smeed, Collard, & Hughes, and Ellis & Sturges. A heavy run is now making on the banking-house of T.S. Goodman & Co.


Article from The Evansville Daily Journal, November 10, 1854

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By the following dispatch published in the Cincinnati Enquirer, will be found the whole ground for the rumors against the Bank of Circleville. It has evidently suspended, although the Cashier seems to dislike saying so directly: BANK OF CIRCLEVILLE, Nov. 6, 1854. MR. EDITOR: The course pursued toward our notes by the bankers of Cincinnati, Chicago and Clevland, will drive us into suspension. We have not a single dollar in but what we are able to pay. There was no just cause for their actions. The best bank in the Union may be forced into liquidation by such a course. Signed H. K. LA WRENCE, Cash.


Article from Fremont Journal, November 10, 1854

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Banks Reported Failed. Private telegraphs received here yesterday morning announce the suspension of the Bank of Circleville and the Clinton Bank of Columbus. In relation to the truth of the reports, as regards the first named Bank, we submit the following letter which appears in yesterday morning's Cincinnati papers:


Article from The Weekly Minnesotian, November 11, 1854

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THE MINNESOTIAN. SATURDAY MORNING, NOVEMB'R 4, 1854 GREELEY AND THE SLAVE TRADE.-We copy acharacteristic "correspondenca" to-day from the New York Tribune, in which a gentleman from Mississippi made to feel that he had as well left the editor to pursue his accustomed avocations. Any one, whatever hissentiments and opinions may be, cannot fail to enjoy a hearty laugh over Greeley's reply to his Mississippi correspondent. WOOD MEASURER.-The City Council should Immediatelyttake steps to secure to citizens a fair measurement of wood. There is nothing sold in St. Paul in which "gouging" is so apparent as in the measurement of wood, as at present practised. LIQUOR PROHIBITION.-The popular vote In Pennsylvania upon [the] Prohibitory Liquor Law decided the question in the negative by several thousand majority. BROKEN BANKS.-We have receivad information that on the day the steamer Royal Arch left Galena, the house of Corwith & Co. threw out the notes of the "Clinton Bank of Columbus "Bank of Circleville. Ohio Bank of Kanawha, Va :" "Bank of Hallowell, Maine Ship Builders' Bank. Maine ;" "Rockford Bank Maine," and all the Free Banks of Indiana.The impression in Galena was that the Bank of Hallowell was good, and that its notes would be redeemed at par in a few days.-Democrat of Thursday. We caution the public not to be hasty in sacrifising the paper of the Free Banks of Indiana. Nine-tenths of them are amply secured by the pledge of responsible stocks, and their notes must be redeemed in a short time at less sacrifice than the brokers are now willing to bargain for. The Maine Banks, it appears, are suffering under the general panic,but we should hold on, if possible, until we hear directly from that quarter. Persons here, well acquainted with the affairs of the Bank of Hallowell, ondorse the opinion of the Galena bankers, that It will be "all straight" in a few days. P. S. Since the above was in type, we learn by gentlemen direct from the East, who arrived by the War Eagle that the reported failure of the Bank of Hallowell is without truth.This is confirmed by the following telegraphic despatch, which we find in the Galena Advertiser of Monday NEW YORK, Oct. 28. The Bank of Hallowell has not suspended. The Advertiser of Saturday further says A report was yesterday circulated in the street, that the Bank of Hallowell, Maine, had suspended. We have seen a despatch from Hallowell, stating that the report is false.The Bank has not suspended, but is believed to be one of the most solvent institutions in New England. There is but a small amount of the money in circulation in this country. It has not been thrown out by the Bank of Galena but is taken as other New England currency. When the editor of the Minnesotian will publicly and positively deny that he had anything to do with bargaining off Mr. Bassett before election, then wewill give him the name of our correspondent.-Tmes. We are not in the habit of responding to such discourteous and irresponsible calls as the above, but for the sake of gratifying a whim of our neighbor's anonymous correspondent this one time, we will again "publicly and positively deny" that we ever "had anything to do with bargaining off Mr. Bassett before the election," or after the election, or before or after any other election that has ever happened in this or any other country. We have known Mr. B. some three or four years, but never claimed to own him, or any part or parcel of interest in him, or in his lands, tenements, hereditaments, stocks or property. With all our sins, we believe "Hennepin" and the Times are the first to charge us with dealing in a species of property which no one here recognizes even in "niggers," to say nothing of white men, and honest, straight-forward Whigs at that. But in all seriousness, the Times may call up its witness whenever it chooses. We are ready. FOR THE WINTER TRADE.-John R. Irvine & Co., it will be seen, are out with a display of their winter stock through our advertising COlumns. They have everything in their line of trade that a wholesale or retail dealer may need and all wishing to purchase will not find it out of their way to give this extensive and well-established house a call. The War Eagle arrived yesterday af ternoon, and will leave for Galena this morning. It is doubtful whether we will again see this popular packet this season. The War Eagle brought about 200 passengers yesterday. Among them were a large number from Maine, including several prominentcitizens of that State, who now have their eyes and interests directed in this quarter. The sedate and respectable Baltimore American, in the course of a reply to a profligate assault from Mr. Pierce's administration paper, the Washington Union, thus truthfully and foreibly limns that precious concern We cannot but feel that in replying thus SCriously to the allegation of the Union we are assuming an unnecessary and not an altogether reputable task. That paper is a libel upon American journalism, and its assertions are utterly unworthy of attention. Deprived of the subsidies by which it is bound perform the


Article from Spirit of the Times, November 14, 1854

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MORE BANK FAILURES. THE money pressure still continues in Cincinnati, and other Western cities.โ€” We have rumors that several more banks and banking houses have failed. The Clinton Bank of Columbus and the Bank of Circleville have gone by the board, though it is thoughtthat their cir. culation will be redeemed. The extensive banking houses of SMEAD, and of ELLIS & STURGESS, at Cincinnati, are said to have failed. These, and other failures that have lately occurred, always incident to the paper money system, have already made their influence felt on every department of trade and industry. i We hear it said that the Furnaces of this vicinity have reduced wages, and fallen back upon the trade system-a term which the workingmen of this Iron region well undertand. The bank failures have very much reduced the price of pig metal, and consequently the profits of the business.Yet we are of opinion that it would be much better for the community if the Furnaces would continue to pay cash for labor, even at reduced rates, than it would be to go back 10 trade prices and payments. As a matter of course. the manufacturer must pay cash, or its equivalent, for the goods and groceries with which he pays for labor, and why not pay cash to the laborer at once, and let him purchase his supplies of provision and clothing where he can get them at the lowest rates. The present is an unfavorable time to reduce wages. Flour is now worth $8 @$9,00 per barrel beef, pork, and po tatoes in a corresponding degree. Yet such is the condition and immutable doom of the working men of this nation, while the monopoly of land and banking systems exist, Labor is a commodity thrown into market, and it must sell itself at some price or starve. It is subject to all the vuriations of trade and currency, its price regulated by the amount and value of currency in circulation, as well as by the law of supply and demand. The hordes of men employed on the public works that havedately suspended, are now seeking a livelihood in other pursuits of industry, they create a competition in the labor market and reduce its price, because the supply is greater than the demand. Every successive revulsion that the paper dynasty brings upon the country


Article from Meigs County Telegraph, November 14, 1854

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cases. Various rumors are aflost in regard to the sum about to re realized on these notes. They are quoted at 40 cenis to New York; has we should not advise any one to part with them. if they can avoid in at present for less than cents. Our impression is that they will eventually be worth that amount. shough we may be mistsken. The Free Banks of Indiana are quoted in New York at 25 per cent. discount. This is mainly owing to the course pursued by the Auditor of State of Indiana, and not on account of any depreciation of the stocks or securities. Mr. Dunn is severely, and as we shink unjustly censured by the press of Cincinnati and New York, for having issued the following circular. Had he acted otherwise we should have fell disposed to censure him. The only persons seriously affected will be those pests to society-money shavers-who were instrumental in depreciating and crying down the paper of these Banks, in order that they might profis by their fall. Many 01 these shavers have purchased largely of these notes at a heavy discount, had their notes protested, and now shey are in a desperate passion because the poor farmer and mechanic will stand jus: as good a chance to have his money redeemed as these brokers. But theshor pinches in another place. These scamps will be compalled to wait awhile for others must. do the their money same; but no honest man ought to complain if justice is done to the Banks. as well as the note-holders. Read the circular and judge for yourselves: OFFICE OF AUDITOR OF STATE. Indianapolis, Nov. 1, 54. To correct an erroneous impression. en termined by many persons that the holder of notes of the Stock Banks, having them protested thereby acquires a priority in the payment, the undersigned deems is his duty to state that such is not the fact. In case of the winding up of any Bank under the statute, the notes not protested, are placed on the same footing as those which have been protested, and a dividend of the assets will be made pro rata. Holders of notes should also bear in that the amount of the dividend would sentially diminished by the costs and protests, and expenses of sale of assets The undersigned has also determin in discharging his duty to al: the cre of ary bank which may be forced into liquid ation, he will not proceed to offer any of the assets of such Bank in the market until after at least sixty days' notice in New York. London, and Paris, so as 10 insure the largest and best price for the securities. and not shen, if. in his opinion, the ulimate interests of ail concerned will be promoted by a further extension. He is, also, authorized to exchange the State Stocks deposited in his office as collara eral by several of the Banks. at par for their circulation, when presented in sums of not " less than one thousand dollars. JOHN P. DUNN. Auditor of State. The Banks of Circlevitie. Clinton Bank ; of Columbus, Miami Bank of Dayton. and Canal Bank of Cleveland, is is said, have of tailed. We do not believe a word of is w We have more confidence in our bank ing system and our bankers. That some 0 them have be en compelled to suspend for , short time, owing to the unprecedented rur on shem by Cincinnati bro ers is undoubs d edly true; but that they will all ultimately re deem every dollar of their circulation, w h firmiy believe. il. The following dispaich was received il of Cincinnati on the 6thlinst,, from the officer in of the Bank of Circleville: is BANK OF CIRCLEVILLE. 10 Nov 6. 1854 MR. EDITOR:-The course pursued to ne wards our notes. by the bankers of Cincin ch nail, Chicago and Cleveland, will drive u n. Into a suspension. We have not a singl dollar in circulation but what we are able 14 is pay. There was no just cause for their ad tions. The best bank in the Union may b eld forced into liquidation by such a course.bis The public is requested to make no sacrific upon our paper, as the assets of the Ban ii. are abundantly sufficient to pay. all its lia bilities. All we ask is time to collect th nd debis due us. (Signed.) re, H. K. LAW RENCE. Cashier. The Clinton Bank of Columbus is now i ร  the hands of Wm. S. Sullivans, Wm. Den renison, Jr. and D. W. Deshier, as Trustees 11. who are closing up its affairs-its charte by having expired last winter. When its pa per was thrown out by the bankers of Cir ish cinnati and Zanesville, a run was anticipated ve but, at latest accounts none had suken place y. D. W. Deshier immediately went to Cincir nati to make arrangements to have the bill redeemed at par by one of the bankin rihouses there; but the failure of the hous sed (Ells & Surgess) prevented the arrange รจ ment. He advertised, however, shes h he was in the city himself, wish $100.000 #


Article from The Cadiz Democratic Sentinel, November 15, 1854

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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.


Article from Demoine Courier, November 16, 1854

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CINCINNATI, November 7. The Bank of Circleville has suspended. The brokers this morning have thrown out the notes of the Clinton Bank of Columbus.


Article from Demoine Courier, November 16, 1854

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Suspended Banks. A telegraphic dispatch was received by one of our Banking Houses yester. day to the following effect: CINCINNATI, November 7. Bank of Circleville suspended. Clinton Bank of Columbus not received. The first named Bank has had the breath knocked out of it about a dozen times-it is hoped that it is done for now. The Clinton bank at Columbus has been in a failing condition for some time-now it may as well wind up.Mo. Republican.


Article from Glasgow Weekly Times, November 16, 1854

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THE BANK OF CIRCLEVILLE.--The following dispatch was received at Cincinnati on the 7th, from Circleville: BANK OF CIRCLEVILLE, Nov. 6, '54. MESSRS. EDITORS:--The course pursued towards our notes by the Bankers of Cincinnati, Chicago and Cleveland, will drive us into a suspension. We have not a single dollar in circulation but what we are able to pay. There was no cause for their action; the best bank in the Union may be forced into liquidation by such a course. H.K. LAWRENCE, Cashier. Signed,


Article from Plymouth Advertiser, November 17, 1854

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# Monstary. The Cincinnati Gazette of Tuesday says: The Exchange Bank of Buffalo, Farmers' Bank of Chicago, and Woodbury Bank of Ct., have been discredited. The Urbana and Champaigne County Insurance Co., at Urbana, closed on Friday. Gold is selling here at five per cent. premium. The notes of the Bank of Kanawha sold to-day at 25 per cent discount. Bank of Circleville at 50; Kentucky Trust Co. at 70, and Newport Safety Fund at 80. There 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 30c discount, but a list of 50 of them will be better in a few days. The notes of the Clinton Bank of Columbus, will be taken hereafter by the Trust Company. Thompson's Reporter says-The Woodbury Bank, Connecticut, was thrown out by the New York Banks od Thursday. The house of P. S. Marsh, of Buffalo, reported suspended, is still paying a large amount of acceptances, on property which has come forward, and all bonafide creditors will be fully paid, Over $20,000 worth of paper was paid on presentation on Saturday, and $15,000 to-day. The Farmers' Joint Stock Bank is not redeemed at its agency here, and Bank shut, Tuesday. There was much excitement, but the impression was that the notes would be redeemed fully. Merchants' and Mechanic's Bank of Chicago, is closed. The Napierville Bank and Bank of Elgin are refused in that city. The City Bank of Chicago closed Nev. 14. The private banking house of Geo. Milne & Co., Cincinnati, stopped payment; Tuesday Merchants' Bank of LaFayette, Indiana, Trans-Allegheny Bank, Va., and the Farmers' Bank, Half-Moon, N. Y., all broke. The Dayton papers contradict the report that the Miami Bank of Dayton, has failed. The Mechanic's and Traders' Bank of Cincinnati failed, Weduesday morning. It being a branch of the State Bank, the notes will not be sacrificed. A crowd of persons incensed by the failure of the Champaign Insurance Co., mobbed the house of the President, Mr. John H. James, in Urbana, on Tuesday night. Mr. J. was largely concerned in the Merchants' and Traders' Bank, Cincinnati. From the Sandusky Register of Thursday, we clip the following: CINCINNATI, Nov. 14. The closing of the Meachants' & Traders' Bank has increased the excitement already prevailing, and financial matters are now worse than ever. Confidence is decidedly weak; but we are happy to state we have no mercantile failures to report. Gold is 8 per cent premium, and there is a large amount of money olering outside, in small parcels, by those who are afraid to hold it. More relief is experienced in this way, than when the funds are in the hands of the brokers. The principal banking houses having failed, we are now near the end of our difficulties. It is hoped the three heavy bankers that remain, are above suspicion, and these, with the Trust Co., are receiving all the business, and the deposites are very heavy. All that is required to make money easier is confidence. In the general markets, very little business is being transacted. The notes of the Mechanics' and Traders' Bank are received on deposit, the other branches of the State Bank being bound for their redemption. On Tuesday, the Sheriff of Cuyahoga Co., forced the vault of the Canal Bank of Cleveland, to sceure the special deposits. Dr. H. A. Ackley, one of the Trustees of the Lunatic Asylum at Newburgh, placed in the Canal Bank some $9,000 of the State Funds, as a special deposit, to be checked out as the wants of the institution might require. When the Bank failed, he called to remove the moneys, but was told by the Cashier that the amount was included in the general assignment. The upshot of the matter was, an attachment was issued, and, upon the Bank's refusing to deliver up the deposits, the vault was forced, and contents taken possession of by the Sheriff. A compromise was effected, afterwards the Bank protesting against the whole proceedings. The Free Banks of Indiana are rapidly redeeming their circulation. From Monday morning to Wednesday night, last, $76,000 of their notes were returned to the Auditor's omce and cancelled--the parties receiving back an equal amount of the Stock Securities. The circulation is now reduced to $5,000,000, and is being redeemed at the rate of $50,000 every day. # A SAD SIGHT. A London paper states that since the battle of Alma, the different military depots of London, in Pall Mall, Charing Cross, Picadilly and Knightsbridge have been thronged with old men, women and chtldren, seeking


Article from The Kalida Venture, November 24, 1854

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bas Latest Banks Failed. The Bank of Circleville, Ohio, is said to have failed-also The Farmers' Bank, of Chicago, Ill. The Exchange Bank, Buffalo, N. Y. The Canal Bank, Cleveland, Ohio. The City Bank of Columbus, Ohio, suspended this morning. The Woodbury Bank, Woodbury, Con nec:icut, thrown out at the Suffolk Bank Seven more Indiana Banks under protest, viz: Wayne Bank, Logansport; State Stock Bank of Indiana, Peru; Upper Wabash Bank, Wabash; Perry county Bank, Cannelton; Steuben county Bank, Angola; Traders Bank, Terre Haute; Great Western Bank, Terre Haute, Look out for more soor!-Dye's Bank Mirror, Nov. 15th, 1854.


Article from Burlington Tri-Weekly Hawk-Eye, December 9, 1854

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AMBIGUOS.-A good story is told of a gentleman residing not a thousand miles from Cincinnati, who was noted for his generous confidence in the Bank of Circleville. At the time of the suspension of that institntion, he was it seems on a pilgrimage to Circleville, with some fifteen or twenty thousand dollars, of its paper promises, which he wished to convert into coin. Visions of yellow boys danced before him on his "winding way," but all his golden dreams vanished into thin air, on arrival at a town midway between Cincinnati and Circleville where he received the astounding intelligence that the bank had broke. Wishing to forward the disastrous news to the folks at home, he rushed to the telegraph office, and in a few minutes his friends were startled by the reception of the following rather ambiguous dispatch: "Circleville Bank has gone to hell, 'and I will be there to-morrow!-Columbus Statesman.


Article from Democrat and Sentinel, January 4, 1855

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N A good story is told of a gentleman residing not a thousand miles from Cincinnati, who was noted for his "generous confidence" in the Bank of Circleville. At the time of the suspension of that institution, he was, itseems, on a pilgrimage to Circleville, with some fifteen or twenty thousand dollars of its paper promises. which he wished to convert into coin. Visions of yellow boys danced before him on his "winding way;" but all the golden dreams quickly vanished into thin air, on his arrival at his place of destination; for he was not long in receiving the astounding intelligence that the bank had broke. Wishing to forward the disastrous news to his friends at home, and also to inform them that he would be home the next day, he rushed into the telegraph office, and in-a few moments his friends were startled by the reception of the following rather ambi guous despatch "Cirolevillo Bank has gone to hell, and I will be there to-marrow 17


Article from Weekly Indiana State Sentinel, February 17, 1855

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For the Sentinel. Ohio Banks-A Correction. MESSRS. EDITORS :-I happened to be in the Hall of the House of Representatives, Wednesday afternoon, when the Free Banking Law was under discussion. Mr. Hudson, of Terre Haute, during the course of his remarks, took occasion to speak disparagingly of the present banking system of Ohio, and to sustain his positton, alluded to the defunct bank of Massillon, as evidence of the depreciation of Ohio Bank money on the suspension of any of the Branches of the State Bank. Did that gentleman not know that the Bank of Massillon was no part of the present banking system of Ohio ? Did he not know that it was one of the pets belonging to that old banking system, like unto the one for which he is now fighting ? Its notes are not worth the paper on which they are printed.The Bank of Circleville, the last of the old banks, is down and its bills are worth but from fifty to sixty cents on the dollar. Neither of these banks were doing business under the present law. How is it with the State Bank and its Branches ? During the pressure of the money crisis which is yet in existence, the Canal Bank of Cleveland, and the City Bank of Columbus, were both obliged to suspend specie payment, at d cc nsequently their doors were closed. But did this depreciate the value of the bills put in circulation by these banks ? Not at all. They are just as current now as ever they were, and I have passed bills on both of them in this city, since my arrival.Indeed, your business men will give five per cent. premium on the bills of these banks today, after their doors are closed. The difference, therefore, between the worth of the bills on these two branches and those of Massillon and Circleville, is just the difference between the Ohio Banking law and the law for which Mr. Hudson so eloquently contended. I like to see every dog have his due, and if Indiana is to have banks, certain it is that she can never adopt a system that will surpass that now in existence in Ohio. It would be well for the legislators of Indiana, before adopting a banking law, to become familiar with the principle of the State Bank of Ohio and its operations. A uniform system of banking in the two States could have no other effect than to inspire a mutual confidence and free interchange of currency. As it now is, no Indiana bills are regarded as good in Obio, nor can they be circulated there. A hint to the wise, &c. OHIO.


Article from Minnesota Weekly Times, March 6, 1855

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From Thompson's Reporter, February 17. BROKEN AND SUSPENDED BANKS. PRESENT VALUE. 95 cents Canal Bank, Cleveland, Ohio, 95 cents City Bank of Columbus Ohio, 65 cents Bank of Circleville Ohio, 80 cents Merchants' Bank, of Bridgeton, N. J. 80 cents Wheat Growers' Bank, Newtown, N. J. Government Stock Bank, at Ann Arbour, Mich40 cents igan, 25 cents Bank of Washtenaw, Michigan, 25 cents Erie & Kalamazoo R. R. Bank, Michigan, Farmers' & Mechanics' Bank of Kent County 65 cents Maryland - cents Newport Safety Fund Bank, Kentucky, 50 cents Stark Bank, Vermont, 25 cents Cochituate Bank, Boston, Mass. 93 cents Eighth Avenue Bank, New York City, 10 cents Lewis County Bank, Martinsburgh, N. Y. 75 cents Union Bank, Chicago, Illinois, 75 cents City Bank, Chicago, Illinois, Mechanics' and Farmers' Bank, Springfield, 75 cents Illinois, 75 cents Farmers' Bank, Chicago, Illi nois, - cents Ship Builders' Bank, Maine, 90 cents Trans-Alleghany Bank, Virginia, - cents Bank of Milford, Delaware, Exchange Bank of Selden, Withers & Co. 50 cents Washington,


Article from Weekly Indiana State Sentinel, March 22, 1855

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LEGITIMATE Business.-The Bank of Circlevile, whose corporate existence expired a few days since, and whose business was stopped a few months ago by its own rottenness, is now engaged in buying upits own paper at a greatly depreciated price. The agents of the concern are running over the State crying down the paper, and then availing themselves of the doubt created thereby to purchase from holders. It is a miserable shaving-shop, and ends its existence in a most legitimate way. -Enquirer.