Mount Vernon Bank (Providence, RI)

Episode Information

Episode UID
8747713390683
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
874771339 hash
Start Date
November 13, 1856
Location
Providence, Rhode Island (41.824, -71.413)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f1011a7aaa07342e

Response Measures

None

Description

Initial report (Nov 13, 1856) describes temporary stoppage with government commissioners; later 1857 lists show the bank as suspended/broken.

Events (2)

1. November 13, 1856 Suspension
Cause
Government Action
Cause Details
Governor sent commissioners to examine the bank after it 'paid nothing' that day; operations suspended pending examination.
Newspaper Excerpt
The Mt. Vernon Bank is paying nothing to-day. The Governor last evening sent commissioners in to examine the affairs, who pronounce the bank able to meet all its liabilities, and they will resume payment again in a day or two.
Source
newspapers
2. September 1, 1857* Suspension
Cause
Bank Specific Adverse Info
Cause Details
By Septโ€“Oct 1857 the bank appears on multiple contemporary lists of suspended or broken banks, indicating persistent insolvency or failure following the 1856 stoppage.
Newspaper Excerpt
Mount Vernon Bank, Providence, R. I. (listed among suspended and broken banks)
Source
newspapers

Newspaper Articles (9)

Article from New-York Daily Tribune, November 15, 1856

Click image to open full size in new tab

Article Text

NEW-YORK DAILY TRIBUNE, SATURDAY, NOVEMBER 15,1856. inquired for, but in view of the high rates for the raw The Ohio Life and Trust Comp any will pay the couCOMMERCIAL MATTERS. material, factors do not foel justified in lowering prices. with pons on the bonds of Ohio Co anty and Washington Satinets are inactive, hat the stock is small, and prices County. Nov. 14. Sales at the Stock Exchange rule firm. Kentucky Jeans and Tweeds are inactive, 811 The earnings for the first month of the new fiscal 83 2100 Reading Railroad 2,000 Indiana State 5a 81, $564,133 24 year, October, of the Erie Rail road were do 400 5,000 Tenn. State 6a, 91 but prices are unchanged. The better class of Blankets 53 814 598,340 15 October, 1855 do 94 4500 9,000 Virginia 6s b60 82 are in good demand, and realize full prices. Woolen do 891 1200 1,000 Mo. State 6s s60 814 Decrease $34,206 91 do 200 $389 do Shawls have been in good request, and the stockis now 12,000 Judge #10 81 do 700 by 891 do 11,000 That part of the F/ort Wayne and Chicago Railroad s30 814 much reduced; prices remain steady. do 69 100 1,000 Cal State 7a, 75 #60 81% lying between Fort, Wayne and Plymouth (65 miles) is do 100 85+ 5,000 N. Y. Cen. RR Os In the foreign Dry Goods market, trade with importcosts. #60 81 do 400 3,500 N. Y. Cen. RR. 7a 101 now completed a d in operation. The first care run 964 ers and jobbers is prostrate, and but little animation 5 Michigan Cen. R.R. 3,000 H. Riv. RR. 1st Mtg 98 97 Monday do 250 over the line fro m Fort Wayne to Chicago on Tuesday 2,000 Hud. Riv. R. 3d Mge 63+ 97 is expected until the opening of the early Spring trade. do 206 do 69, 2,000 971 last, thus givi ng a direct communication by rail from do 50 Staple fabrics are firmly held and the stocks left over 4,000 Harlem RR. 2d Mge. 72 1151 other 30 Galena & Chi. R. R. do 72/2 1,000 Philadelphia, by way of Pittsburgh, Fort Wayne, 115 are not excessive notwithstanding the large importado 38 7,000 Illinois Cen. RR. Bs 91 Plymouth e nd Laporte, to Chicago. do 200 911 do tions; the country trade has been good and a large 18,000 #60 881 So Mich 100 do b60 91, 15,000 14The imp orts of Dry Goo for the week are $889,633, #90 831 amount of goods have been distributed for consumpdo 100 b30 91 do 10,000 89 do against $1,200,601 same week last year. The details 864 2,000 T. Haute & A. 2d M. 73 tion throughout the interior. The large fire which b30 891 do 200 are: 13 Bark State N. York 1021 b10 89 occurred here since our last has been the means of do 530 1084 5 Metroplitan Bank 89 ENTERED FOR CONSUMPTION. do 110 118 32 Bank of America Valu'n. Manuf. of Pkgs. Valu'n. Manuf. of 96 Pkgs. destroying considerable quantities of goods, including raham 1650 Panama Bailroad 22 630 Wool 100 Canton Company Micellaneous 375 438 $73,553 96 $158,050 do some Domestic Carpet fubries; but the entire stock after 5 22 do 50 Cotton 575 134,439 80 % do 200 50 Nicarage Transit Co 33 Silk Total $679,234 1,992 295 was well insured, so that the owners will suffer no loss. 244,188 b60 97 in do the 600 100 Del. and flud Canal Co 125 1855 Flax 309 895,412 96 89,004 2,437 order do 250 The unsettled state of financial affairs and the tight12 do 65 WITHDR 961 do Ingra100 SG Valu'n. 10 Penn. Coal Company Manuf. of Manuf. of Valu'n. Pkgs. Pkgs. s30 96 ness" in monetary circles on the other side appears to do 50 edinge do, 200 615 of 126 Wool 55 Miscellaneous. $4,674 $19,284 b10 96 do that 50 b2517 de 200 have a salutary effect in reducing the inCotton 57 11,885 961 do be 25 60 La Crosse and Mil. R.R. 811 281 Silk Total $46,712 14 5,697 b68.1171 flated prices previously demanded, especially 300 III. Cen. R.R. 811 upon 60 do 1855 146 Flax 29 41,520 5,7721 do he be 100 150 Cumberland Coal Co. 18$ for Silk fabrics on the Continent; raw silk had also deWAREHOUSED. 117 do with do beo 194 100 Valu'n. Pkgs. Manuf. of Manuf. of Valu'n Pkgs. clined. In London the price of Silk receded 3s.-so the 200 100 Clev. and Pitte 59 19 do 300 965 Wool $22,764 Miscellaneous. 169 $38,740 b30 59 do 200 Brady, 1010 New York Cen. R.R. 881 Cotton 289 46,770 58 that the probability is, there will be much less diffido 400 1630 89, original do 300 210,599 Total Silk 1,808 121 54,422 581 do 100 15 881 do day, 100 eulty experienced in filling orders for this country than 305,189 1855 Flax 264 1,116 73 47,703 300 Cleve. and Tol. R.R endant, b10 89 do 200 731 was anticipated. Some straggling failures now and do to bail 600 At a meeting of the new Directors of the Third Ava60 881 do 100 734 do it hich 1070 lbso 89 do 100 then are occasionally taking place, which induces caub60 74 enue Railroad Company. whose names we have bedo 400 of writ 881 do 250 630 74 tion on the part of some of the most sagacious importdo atto 1000 s30 884 do fore published, held at the office of the Company, cor150 b30 73% do 200 of tae do 881 110 ers in the trade in disposing of their goods, while many bio 734 ner of Sixty-first street and Third avenue on Thursday do 1200 held s30 62 150 Erie Railroad s60 73 do 100 now have adopted the short credit system; but the majority do 621 2850 night, the following officers were elected for the ens60 723 do 100 do b10 621 1150 eedings of the houses here are generally in a healthy condition. #10 73: do suing year: President, William A. Darling; Vice400 62 do 450 98 the 360 Chi. & R. Island R R of b3 62 James Beck & Co., whose failure has recently been do 300 President, William Remsen; Secretary, Samuel B. 97% do 30 The b60 62 do 1500 97 reported, have settled with their creditors at 70 cents do Judge 6062 125 Isaacs; Treasurer, John L. Geib; Superintendent of do /00 s5 97% do the In 100 do 100 b30 621 on the dollar, allowing time. The Silk importing and #60 97, Road, William H. Schenck; Superintendent of Stables, de 62 Revised 100 do 925 s30 971 do jobbing firm of Freeman & Bright, who recently sus100 b10 621 3. S. Merriam. do 560 power 97 do mode 226 b60 62 do 1000 pended, have made an assignment to Messrs. Dow & 97 The following slip has been sent us from the office of de 75 s60 61 do 100 pecting 971 Keeler. do herefor 50 s45 61 do 100 Thompson's Bank Note Reporter 20 Milw. & Miss. Railroad. 77 15, 100 Harlem Railroad The contract for the construction of the second divisPROVIDENCE, Nov. 13, 1856. and do 13 Little Miami Railroad. 89 154 100 JOHN THOMPSON, esq.- Dear Sir: Yours of the 12th before b60 16 do 100 ion of the Chicago, Iowa and Nebraska Railroad, act inst., with bills of Mt. Vernon Bank. is received. The extending from De Witt to Cedar Rapids, a distance one SECOND BOARD. Bank is paying nothing to-day. The Governor last 611 mother 100 Erie Railroad s8 4,000 Virginia 6s 942 of 60 miles, has been let. The work is to be done by b30 62 evening sent commissioners in to examine their affairs, The de 500 22 50 Canton Company b60 16 as who pronounce the Bank able to meet all its liabilities, the 1st of October next, and the cars will be running 200 Harlem Railroad 300 Cumberland Coal Co.a3 19 s60 951 50 Mich. Cen. R.R. do. b60 194 :00 and they will resume payment again in a day or two. to Cedar Rapids in 14 months from this date. a60 95 de 50 50 Del. & Hud Can $60.125 It is understood that a change will be made in the 951 do 25 126 do The Columbus (Ga) Enquirer states that an in100 management, and one of the stockholders, a wealthy 100 Illinois Cen. R.R b30 116 225 N. Y. Central Railroad 88 804 vestigation of the affairs of the suspended Manufacgentleman, will be placed at the head of the Bank. do. 300 Reading Railroad 100 b60 88, b8 80 de 400 turers' and Mechanics' Bank was made last week by 25 Chie. & Rock Isl. R.R. 96 Yours truly. and 80 de 400 96 do 125 valued The Bank of the Republic, Providence, the failure 801 a receiver appointed for that purpose, and that the de 200 do 120 951 Reade b10 801 do 200 200 Cleve. & Pitts. R.R 581 of which was announced some weeks since, appears to resources available for the redemption of its liabilities three b3 80 de 100 300Mich So Ia b30 88 be a bad wieck. b60 81 were found to be very scant. It is said that the do 100 s30 611 100 Erie Railroad burb10 804 50 de 614 do 100 The suspension of Mr. Marvin, the President of the amount outstanding is about $20,000. Some sales of Re954 61 25 Panama Railroad. do 100 b10 954 Stock Board, was announced to-day. He has resigned do 100 2d 61 do 100 its paper have been made as low as 25 cents on the 115 in the 100 Gal. & Chic. R.R. 300 b60 62 do dollar. the Presidency. His operations have been, of late, 115 do b30 62 do 220 100 on the hear side beo 116


Article from New-York Daily Tribune, November 15, 1856

Click image to open full size in new tab

Article Text

ENTERED FOR CONSUMPTION. Valu'n. Manuf. of Pkgs. Valu'n. Manuf. of Pkgs. 375 Wool Micellaneous 438 $73,553 $158,050 Cotton 575 134,439 Silk Total $679,234 1,992 295 244,188 1855 Flax 895,412 309 2,487 89,004 WITHDRAWALS. Valu'n. Manuf. of Manuf. of Valu'n. Pkgs. Pkgs. 126 Wool 55 Miscellaneous. $4,674 $19,284 Cotton 57 11,885 281 Silk Total $46,712 14 5,697 1855 146 Flax 29 41,520 5,772 WAREHOUSED. Valu'n. Pkgs. Manuf. of Manuf. of Vain'n. Pkgs. 965 Wool $22,764 Miscellaneous. 169 $38,740 Cotton 289 46,770 Total Silk 1,808 $210,599 121 54,422 305,189 1855 264 Flax 1,116 47,703 At a meeting of the new Directors of the Third Avenue Railroad Company. whose names we have before published, held at the office of the Company, corner of Sixty-first street and Third avenue on Thursday night, the following officers were elected for the ensuing year: President, William A. Darling; VicePresident, William Remsen; Secretary, Samuel B. Isaacs; Treasurer, John L. Geib; Superintendent of Road, William H. Schenck; Superintendent of Stables, 3. S. Merriam. The following slip has been sent us from the office of Thompson's Bank Note Reporter: PROVIDENCE, Nov. 13, 1856. JOHN THOMPSON, esq.-Dear Sir: Yours of the 12th inst., with bills of Mt. Vernon Bank. is received. The Bank is paying nothing to-day. The Governor last evening sent commissioners in to examine their affairs, who pronounce the Bank able to meet all its liabilities, and they will resume payment again in a day or two. It is understood that a change will be made in the management, and one of the stockholders, a wealthy gentleman, will be placed at the head of the Bank. Yours truly. The Bank of the Republic, Providence, the failure of which was announced some weeks since, appears to be a bad wieck. The suspension of Mr. Marvin, the President of the Stock Board, was announced to-day. He has resigned the Presidency. His operations have been, of late, on the bear side. The business of the Clearing House was $26,196,500. The Money market on call has undergone a cided change within a few days for the better, and is easier now than at any time within a month. All the large stock-houses are well supplied and borrowers find no difficulty, with good securities, in supplying their wants. Paper is about 1 P cent easier than early in the week, and first-class names now go freely at 9@10 P cent. The demand for accommodation is moderate, and the inquiry for paper is large. The earnings of the Milwaukee and Horicon Railroad for last month are $9,426 06. The average length of line in operation was nineteen miles. The Superintendent of the Banking Department at Albany yesterday offered for sale at auction the bonds and mortgages deposited by the State Bank at Sacket's Harbor, in part security for its circulating notes. The mortgages amounted to $21,234, and sold for $18,685, which, we think, is the best sale of mortgages ever made by the Bank Department. The Second Mortgage Bondholders who bought the Albany Northern Railroad, have organized under the title of the Albany, Vermont and Canada Railroad Company. William White is the President and Superintendent. Annexed is the comparative receipts for Customs at New-Orleans for the quarter ending on the 30th Sept., 1854. 1855 and 1856:


Article from The Weekly Minnesotian, December 6, 1856

Click image to open full size in new tab

Article Text

BANK MATTERS.-The Bank of the Republic, Providence, the failure of which was announced some weeks since, appears to be a bad wreck. A letter to Thompson's Bank Note Reporter, under date of Providence, Nov. 13, says, "The Mt. Vernon Bank is paying nothing to-day. The Governor, last evening, sent commissioners in to examine the affairs, who pronounce the bank able to meet all its liabilities, and they will resume payment again in a day or two." The Columbus (Ga.) Enquirer states that an investigation of the affairs of the suspended Manufacturers and Mechanics' Bank was made a few days ago by a receiver appointed for that purpose, and that the resources available for the redemption of its liabilities were found to be very scant. It is said that the amount outstanding is about $20,000. Some sales of its paper have been made as low as 25 cents on the dollar.


Article from Holmes County Republican, September 10, 1857

Click image to open full size in new tab

Article Text

Banks in bad Repute. The paper of the following Banks has been thrown out of the Eastern Banks, and they are reported "broke." It is altogether probable, though, that as soon as the present panic has subsided a little, that most or all of them will resume business again: Bank of Hallowell, Hallowell, Maine. Exter Bank, Exter, N. H. South Royalton Bank, South Royalton, Vt. Rhode Island Central Bank, E. Greenwich, R. I. Farmers' Bank, Wickford, R.I. Mount Vernon Bank, Providence, R. I. Tiverton Bank, Tiverton, R.I. Wooster Bank, Danbury, Ct. Commercial Bank, Perth Amboy, N.J. Bergen, County, N.J. Sacketts Harbor (or Reciprocity.) Buffalo Hollister Bank, Buffalo. Chemung County Bank, Horseheads.


Article from Columbia Democrat and Bloomsburg General Advertiser, September 26, 1857

Click image to open full size in new tab

Article Text

W. A. J. BRITTAIN, Sec'y. Suspended and Broken Banks. For the information of our readers, and in order to guard them against receiving worthless money, we publish the following list of recently suspended and broken Banks, which has been carefully compiled and compared with the list of the brokers in the city. It is gratifying to note that thus far in the present financial crisis, not a single Pennsylvania Bank is included in the list It is to be hoped they will be able to ride out the storm. Mechanics' Banking Association, N. Y. Farmers' Bank of Saratoga county, N. Y. Sacketts Harbor Baok, Buffalo, Reciprocity Bank, Buffalo. Chemung County Bank, Horseheads, N. Y. Ontario Bank, Vica, N. Y. Ontario County Bank, Phelps, N. Y. Oliver Lee & Co.'s Bank, Buffalo, N. V. Hollister Bank, Buffalo. Niagara River Bank, Towanda, N. Y. Bank of Orleans, Albion, N. Y. Huguenot Bank, New Paltz, N. Y. New-York County Bank, N. Y. Farmers' Bank, Wickford, B. I. Mount Vernon Bank, Providence, R. I. Rhode Island Central Bank, East Greenwich, R. I. Bank of South County, Wakefield, R. I. Warwick Bank, Warwick, R. I. Tiverton Bank, Tiverton, R. I. Bank of Hallowell, Maine. Hancock Bank, Ellsworth, Maine. Danby Bank, Danby, Vt. Bergen County Bank, Hackensack, N. J. Bank of New Jersey, New Brunswick, N. J. Merchants Exchange Bank, Bridgeton, Ct. Wooster Bank, Wooster, Ct. Sanford Bank, Sanford, Maine. Monson River Bank, Monson, Mass. Kanawha Bank, Virginia. Miama Valley Bank, Dayton, Ohio. S Bank of West Tennessee, Memphis, Tenn. a Agricultural Bank, Brownsville, Tenn, d Bank of Commerce, Georgetown, D.C. Colchester Bank, Connecticut.


Article from Quasqueton Guardian, October 1, 1857

Click image to open full size in new tab

Article Text

Broken and Suspended Banks. A friend sends us the following complete and reliable list of Bank suspensions and failures of recent date, which will undoubtedly be of service to many of our readers: Hancock Bank, Maine. Bank of Hallowell, Maine. Exchange Bank, Maine. Exeter Bank, N. H. South Royalton Bank, Vermont. Danby Bank, Vermont. Wooster Bank, Connecticut. Merchants Exchange Bank, Bridgeport, Ct. Mercantile Bank, Hartford, Conn. Bank of North America, Seymour, Ct. Colchester Bank, Conn. Farmers' Bank, Wickford, R. I. Tiverton Bank, R. I. Arcade Bank, Providence, R. I. Warwick Bank, Warwick, R. I. Mt. Vernon Bank, Providence, R. I. Rhode Island Central Bank, R. I. " Bank of the South County, " Bank of Kent, Farmers' Bank of Saratoga, N. Y. " Ontario Bank, Utiea, " Fort Plain Bank, Ft. Plain, " Hollister Bank, Buffalo, " Reciprocity Bank, Buffalo, " Sacketts Harbor Bank, " Oliver Lee & Co's Bank, " Chemung County Bank, " Niagara River Bank, " Ontario County Bank, " Chemung Canal Bank, " Buffalo Bank, " Tonawanda Bank, " Phelps' Bank, " New Palt Bank, " Western Bank, Lockport, " Yates County Bank, .. Niagara County Bank, " International Bank, Buffalo, " New York Security Bank, " Unadilla Bank, " State Bank, Sacketts Harbor, " Huguenot Bank, " Bank of Albion, " " Corning, " " Lima, " " Orleans, Albion, Island City Bank, New York city. Mechanics' Banking Association, New York city. American Bank, Trenton, New Jersey. " Bergen County Bank, " Cataract City Bank, Paterson, " Iron Bank, Rockaway, " Haversack Bank, " Commercial Bank, " Bank of New Jersey, Trenton, " " " New Brunswick, Warren County Bank, Pennsylvania. " Farmers' and Drovers' Bank " Honesdale Bank, " Erie City Bank, Erie, " Bank of Middletown, Seneca County Bank, Tiffin, Ohio. " Sandusky City Bank, " Miami Valley Bank, " City Bank of Cincinnati, Bank of Kanawha, Virginia. Trans-Alleghany Bank, " Zimmerman Bank, Canada. Agricultural Bank, Tennessee. " Ocoe Bank, " Shelbyville Bank, Bank of West Tennessee, " " Bank of America, " Bank of East Tennessee, Peninsular Bank, Detroit, Mich. " Bank of Tecumseh, Rock River Bank, Wis. Farmers' Bank of Hudson, Wis. Bank of Elgin, Illinois. Bank of Naperville, Ill. Cumberland Savings Bank, Maryland. " Cecil Bank, " Hagerstown Bank, Farmers and Mechanics, Kent co, Md. Farmers and Marchants Greenshe


Article from The Evansville Daily Journal, October 8, 1857

Click image to open full size in new tab

Article Text

DISCREDITED DANKS. The following is a corrected list. to date, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R 1. America Bank, Trenton, N,J., Agricultural bank, Tenn. Agricultural Dank, Herkiner, N.Y. Bergen County Bank N.J. Bank ofCasandigua, N. Y. do Naperville, Iif. do Belleville, do do Nashville, Tennessee. do Springfield, Ohio. do T cumsch, Machigan. do Orieans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R.T. do Halloweil, Me. do America, Lenn. do West Termessee, Tenn. do Parts, Term. do Corn If N.Y. do the South County, R.I. do North America, Connecticut. do Kanawha. Virginia. do Eig 11, III, S. S., small circulation. do the Capitol, Indianapolis, Ind., S. do Midd.etos, Penn. do Wateriown, N.Y. do Clrester, III. do Egm, do to Pine County, III. Central Bar k, Indianapolis, Ind., 4. S. Chemung County Bank. Horse Heads, N. Y., S. Changer Bank, Columbus, Olfio. Qty Bank, N.J. Cumberland Savings Institute, Md. Contrercial Bank, Columbia, N. C. Citizens' Bank, Tenn. Corn Exchange Bank, 111. Charter Oak Bank, Ha ford, Conn. Colchester Bank, Conn. Dan' Bink, Dayton Bank. Ohio. Diryman's bank, Newport, N.Y. ellsworth Bank. Maine. Exeter Bmk. N. 11. Exchang Bluk. Pa Ex hange Bank. Huttford, Conn. Farmers' Dank 01 catoga Co., N. Y.,s.s Farmers' and Ma niccurer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R. 1. Farmers & Mechandes' Bank, Kent county, Md. Farmers and Merchants' Bank, Mile Fairfie teanny Bank, Norma Ct. Fumers & Mechinics Bank, K, Detro i, Mich. Homes late Bank, Pennsylvania. Hollis รจ Bar k, Buffalo, N. Y.,s. S. Hancock Bank, Maine. Hugedo Bank, N.V. II pkinton Bank, Westerly. R T. Hamilton Exchange Bank, Hamilton, N. Y. Island City Bank, N. chy. Jefferson is unty BADK. N. 1. Lee Bank, Massa his ets. Mechanics' Bank ng Association, N. Y., S Mount Vernon Bank, Providence, R. I. Maine. Monson River Bank, Me, Macrints County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Mortan Bink, (hi) Mami Valley Ba ", Ohio. Mistina Bank, Medina, N.Y. Minison Bank Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercur e Bank, Hartford, Coun. Y. Security Kank N.Y. N Sins % money has een thrownetit by St. Louis powers, excepting the Back of Florence. N inthra River Bank, Tonawanda, N. Y,, reported fulled, S.S. 0 tario Bank. Utica, N.Y. Ohio Life Trust impany, don't issuenotes. Oliv Lee & CO. Bank, N. -reported failedys. S. Ocoee Bank, Tenu, Ontario Count Bank, Phelps, N.V. People's Bank, N, N.Y. city. reported failed, S. S. Paweatuck Bank, Pawcatuek, Ct. Port Plain Bank. N, Y.,3.8 Recipred Bank, Buffalo, N. Y., new bank, S.S. Rhode Island Central Bank, R.I, Sanford Bank, Me. Sackett's Harbor Bank, N.Y. South Royalton Bank, It. Seneen County Bank, Ohio. Southern Bank, Georgia. Steck Security Bink, Illinois. presance Bank, Lowansport, Ind. Tiverton Bank, Full River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N. Y. Warwick Bank, R.J. Wonster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. S." meins securei by state stock. Most of these Banks will pay their circulation in full, and hol lers of their bills should not submit to a large discount on them.


Article from The Evansville Daily Journal, October 9, 1857

Click image to open full size in new tab

Article Text

DISCREDITED BANKS. The following is a corrected list, to date, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R I. America Bank, Trenton. N.J., Agricultural Bank, Tenn. Agricultural Bank, Herkimer, N. Y. Bergen County Bank N.J. Bank of Canandaigua, N. Y. do Naperville, III. do Believille, de do Nashville, Tennessee. do Springfield, Ohio. do Tecumsch, Michigan. do Orleans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R.I. do Hallowell, Me. do America, Tenn. do West Ternessee, Tenn. do Paris, Tenn. do Corning. N.Y. do the South County, R. I. do North America, Connecticut. do Kanawha. V Tirginia. do Eigin, III., S. S., small circulation. do the Capitol, Indianapolis, Ind., S. S. do Middleton, Penn. do Watertown, N.Y. do Chester, III. do Eigin, do do Pike County, III. Central Bank, Indianapolis, Ind., S.S. Chemting County Bank, Horse Heads, N.Y., S. S. Clinton bank, Columbus, Ohio. City Bank, N.J. Cumberland Savings Institute, Md. Commercial Bank, Columbia, S. C. Citizens' Bank, Tenn. Corn Exchange Bank, Ill. Charter Oak Bank, Hartford, Conn. Colchester Bank, Conn. Dan Bank, Vt. Dayton Bank. Ohio. Dairy Bank, Newport, N.Y. Ellsworth Bank. Maine. Exeter Bank. N. H. Exchange Bank, Pittsburgh, Pa Exchange Bank. Hartford, Conn. Farmers' Bank of Saratoga Co., N. Y.,s.s Farmers' and Manufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R.I. Farmers & Mechanics' Bank, Kent county, Md. Farmers and Merchants Bank, Md. Fairfield County Bank, Nor. alk, Ct. Farmers & Mechanics' Bank, Detroit, Mich. Honesitate Bank, Pennsylvania. Hollister Bar k, Buffalo, N. Y., S. Hancock Bank, Maine. Hugenot Bank, N.Y. Hopkinton Bank, Westerly. R T. Hamilton Exchange Bank, Hamilton, N.Y. Island City Bank, N. Y. city. Jefferson County Bank. N. Y. Lee Bank, Massa husetts. Mechanics' Banking Association, N. Y., S.S. Mount Vernon Bank, Providence, R. I. Maratine Bank, Maine. Monson River Bank, Me. Macomb County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Morgan Bank, Ga. Miami Valley Bank, Ohio. Medina Bank, Medina, N.Y. Munson Bank, Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercar tile Bank, Hartford, Conn. N.Y. Security Bank, N.Y. Nebraska m ney has been thrown out by St. Louis brokers, excepting the Bank of Florence. Niagara River Bank, Tonawanda, N. Y., reported failed, S.S. Ontario Bank, Utica, N.Y. Ohio Life Trust Company, don't issue notes. Oliver Lee & co. Bank, N. Y.-reported failed, S. S. Ocoee Bank, Tenn. Ontario County Bank, Phelps, N.Y. People's Bank, N. V. city. reported failed, S. S. Pawcatuck Bank, Pawcatuck, Ct. Port Plain Bank. N. Y.,s.s Recipr city Bank, Buffalo, N. Y., new bank, S. S. Rhode Island Central Bank, R.I. Sanford Bank, Me. Sackett's Harbor Bank, N.Y. South Royalton Bank, Vt. Seneca County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N.Y. Warwick Bank, R. I. Wonster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. 8." means securet by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.


Article from Vermont Watchman and State Journal, October 9, 1857

Click image to open full size in new tab

Article Text

LIST OF SUSPENDED BANKS TO SEPT. 25TH. Meusam River Bank, Sanford, Maine. Canton Bank, South China, Maine. Ellsworth Bank, Maine. Exchange Bank, Bangor, Maine. Sanford Bank, Sanford, Maine. Exter Bank, New Hampshire. Danby Bank, Vermont. South Royalton Bank, Vermont. Bank of the Republic, Providence, R. I. Bank of South County, Wakefield, R. I. Farmers' Bank, Wickford, R. 1. Mount Vernon Bank, Providence, R. I. Tiverton Bank, Fall River, R. I. Warwick Bank, Warwick, R. I. Merchants' Exchange Bank, Bridgeport, Ct. Colchester Bank, Conn. Bank of Orleans, Albion, New York. Hollister Bank, Buffalo, New York. Niagara River Bank, Tonawanda, N. Y. Oliver Lee & Co.'s Bank, Buffalo, N. Y. Ontario County Bank, Phelps, N.Y. Ontario Bank, Utica, N. Y. Reciprocity Bank, Buffalo, N. Y. Sackett's Harbor Bank, Buffalo, N. Y. American Bank, Trenton, N. J. Bank of New Jersey, New Brunswick, N.J. Bergen County Bank, Hackensack, N. J. Bank of Kanawha, Virginia. Trans-Allegany Bank, Virginia. Bank of Commerce, Georgetown, D. C. Canal Bank, Cleveland, Ohio. City Bank, Cincinnati, Ohio, Seneca County Bank, Tiffin, Ohio. Miami Vally Bank, Dayton, Ohio. Clinton Bank, Columbus, Ohio. Columbus City Bank, Columbus, Ohio. Union Bank, Sandusky, Ohio. Agricultural Bank, Brownsville, Tenn. Bank of West Tennessee. Bank of the Capitol, Indianapolis, Ia. Central Bank, Indianapolis, la. Bank of Elgin, Elgin, Illinois. Rock River Bank, Beloit, Wisconsin. Pennsylvania Bank, Philadelphia. Girard Bank, Phiadelphia. Bank of Canandaiagua, Canandaigua. Western Bank, Lockport, N.Y. Commercial Bank, Philadelphia. Six Penny Savings Bank, Rochester, N. Y. Albany Eve. Journal.