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Speaking of the Farmers' Bank of Chicago, recently suspended, the St. Louis Inte'. says:-This concern has been calling in its bills for several months past with the intention of closing, and has probably sufficient stocks deposited with the Auditor to redeem all its notes now out."
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Speaking ofthe Farmers' Bank of Chicago, recently suspended, the St. Louis Inte'. says:-This concern has been calling in its bills for several months past with the intention of closing, and has probably sufficient stocks deposited with the Auditor to redeem all its notes now out."
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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
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According to our last advices, the panic was to some extent abating. In Ohio, the Secretary of State advertises to take the notes of the suspended State Stock Banks on Taxes and all other public dues, as the State has ample security in Stocks deposited. The following banks have suspended payments since we published a list: City Bank of Chicago; Merchants & Mechanics Bank, Chicago; Farmers Bank, Chicago; Phœnix Bank, Chicago; Union Bank, Chicago; And as a consequence, two wild cat concerns from Georgia, but owned in Chicago: The Milledgeville Bank, Georgia; The Cherokee Bank & Ins. Co., Georgia; And the following Banks, located in other parts of the State of Illinois: Belvidere Bank; Bank of Rockford; Bank of Naperville; Bank of Ottawa; Du Page County Bank; Rock Island Bank; Rock River Bank, Beloit, Wis. These are mostly small institutions, with small circulation, and no necessity exists for a very deep shave upon their paper. The Brokers and Bankers of St. Louis have published a card agreeing to receive the notes of all the Illinois banks which have not suspended, at their face, and expressing confidence in the soundness and ultimate safety of the Free Banks of that State.
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NEWS OF THE WEEK. The Western Banks. The Cincinnati Commercial states that, in consequence of the pressure, the City Bank of Columbus, Ohio, has been forced to suspend payments of its deposites. The notes of the Bank of Kanawha sold at 25 per cent. discount; Bank of Circleville, at 50; Kentucky Trust Company, at 70; and Newport Safety Fund, at 80. The notes of the Clinton Bank of Columbus were again refused at Cincinnati on Saturday. Indiana stock notes are selling at 25 to 30c. discount. A note from the Treasurer of the State of Ohio states that the notes of the Miami Valley Bank, Canal Bank of Cleveland, Savings Bank of Cincinnati, City Bank of Columbus, and all other Ohio Stock Banks, will be received for taxes and all other public dues, as heretofore. These notes are abundantly secured by the pledge of Ohio and United States stock in the offices of the Auditor and Treasurer of State, which stocks are still commanding a premium in New York. No bill-holder, he adds, need necessarily lose anything by Ohio stock paper. For the sake of keeping our readers posted, we extract the following list of suspended Western banks, from Thompson's Reporter, of Nov. 18: The Union Bank, Chicago, Ill.; the Bank of Napierville, Napierville, Ill.; the City Bank of Chicago, Ill.; the Merchants and Mechanics' Bank, of Chicago, Ill.; and the Farmers' Bank of Chicago, are said to have failed; also, the Mechanics and Traders' Branch of the State Bank of Ohio, Cincinnati, Ohio; the Sandusky City Bank, Ohio; the Farmers' Joint Stock Banking Company, Toronto, Canada; the Bank of Circleville, Ohio; the Exchange Bank, Buffalo, N. Y.; the Canal Bank, Cleveland, Ohio; the City Bank of Columbus, Ohio. Seven more Indiana Banks are 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. It is proper to add that a number of merchants of the city of Chicago, Illinois, have agreed to receive at par the bills of the banks of that city, which has had a good effect, but the excitement nevertheless continues, as the holders want specie, not goods, for their bills. The Union Bank of Chicago was owned by Forrest Brothers, and the City Bank, owned by Bradley, Curtis, & Co. The failure of the Mechanics' and Traders' Bank of Cincinnati is not of much importance. It has been in process of closing its business for some time past, under the supervision of the board of control. Its capital in August last was only $60,000, and its circulation $47,339. The deposits and circulation are paid without interruption.
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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.
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ILLINOIS BANKS.—The Telegraph announces, every day or two, the suspension of some of the Banks of Illinois. One list which is before us embraces the following Banks: City Bank of Chicago; Merchants' and Mechanics' Bank, Chicago; Farmers' Bank, Chicago; Phoenix Bank, Chicago; Union Bank, Chicago. And, as a consequence of these failures, two wild-cat concerns from Georgia, but owned in Chicago: The Milledgeville Bank, Georgia, and the Cherokee Bank and Insurance Company, Georgia. Add to these the following Banks, located in other parts of the State: Belvidere Bank, Bank of Rockford, Bank of Naperville, Bank of Ottawa, Du Page County Bank, Rock Island Bank, and Rock River Bank, Beloit, Wisconsin. This is, we believe, the extent of the bank suspensions in Illinois; and when it is recollected that the most of them are, in familiar phrase, "one-horse affairs," having capitals perhaps of $50,000 and a circulation of $30,000 or $40,000 each, scattered all over the State, it is somewhat surprising that even the excitable people of Chicago should make so much ado about it. It is not pretended that the banks, if let alone, will not redeem their paper. Our own bankers, we are glad to see, are pursuing a very proper course. They are receiving on deposite from their customers the notes of all the Free Banks of Illinois not known to be discredited in that State. They take this responsibility, we presume, believing that the banks are, as a general thing, sound. The Bank Commissioners at Springfield and Chicago have each made publication, assuring the public of the safety of the bill-holders.—St. Louis Republican.
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ILLINOIS BANKS.—The St. Louis Republican gives the following as a list of Illinois Banks which have suspended payment, and are therfore discredited: City Bank of Chicago. Merchants' and Mechanics' Bank, Chicago. Farmers' Bank, Chicago. Phœnix Bank, Chicago. Union Bank, Chicago. And, as a consequence of these failures, two wild cat concerns from Georgia, but owned in Chicago: The Milledgeville Bank, Georgia, and The Cherokee Bank and Ins. Co., Georgia. Add to these the following Banks, located in other parts of the State: Belvidere Bank; Bank of Rockford; Bank of Napierville; Bank of Ottawa; Du Page county Bank; Rock Island Bank, and Rock River Bank, Beloit, Wisconsin. The Republican remarks: “One of these Banks—the Farmers' Bank of Chicago, has been calling in its paper for three months past with a view to the closing of the concern, and there is very little in circulation. The Auditor of the State of Illinois has published a notice stating that all the circulation of this Bank will be redeemed at his office in Springfield, pro rata, out of the trust funds deposited by the Bank. The stocks pledged for the payment of this circulation will be converted into specie funds, as required by law, at as early days as practicable, when further notice will be given.”
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seamen, who have kept the Union-savers in perpetual ferment by their yell of "Dissolution,"—South Carolina, counselling moderation! Good! If she keeps on, she may, in time, become quite a respectable state. Qu.: How much did the late elections in the North do towards bringing about this change? It is with no ordinary feelings of regret that we record the death of Wm. Milford, long and favorably known as proprietor of the American Hotel, Cleveland. No hotel in the country ranked higher than the American under his administration, and his death leaves a void not easily filled. The house still continues open, under the supervision of Mr. O. P. Myers, the popular and efficient Clerk. The American will lose none of its reputation under his charge. Gifted with a pleasing manner, and a warm heart, and being thoroughly conversant with the business, he is admirably fitted for the position he occupies. The traveler that cannot feel himself at home in a house presided over by Myers, must be of a very peculiar nature. Whatever changes the American may undergo, we hope he may retain the "old familiar place." WE are under obligations to our friend A. C. ALLEN, of Fairfield, for the accessions he has made to our subscription list, at different times. By the way, ALLEN keeps one of the best public-houses in the county. Everybody speaks well of it, and those happening that way will do well to try his fare. —And, further, speaking of subscription-lists, accessions, &c., why don't our friends elsewhere, go and do likewise? There are three thousand names in Huron, Crawford and Richland that are not on our books. Spread the light! One dollar and fifty cents per annum. Office open from 7 A. M., to almost any time at night. To prevent confusion, fall into line at the front entrance, and pass out through the office, down the back-stairs into Rogers'. MONEY.—The State Treasurer of Indiana advertises that he will take the notes of the Indiana State Stock Banks in payment of taxes. This will have a tendency to confirm the value of Indiana money. The Cincinnati Gazette of Monday morning, says of monetary affairs in that city: There is a general improvement in uncurrent money. Bank of Circleville, 80c.; Kentucky Trust Co., 40@50c; Newport Safety Fund, 20@25c; Bank of Kanawha, 80@90c. There is an increased demand for Indiana Free Bank paper, and sales were made to-day at 90c., and some lots brought 95c. The Virginia Stock Banks, with the exception of those located at Wheeling, are 20 per cent. discount, and Illinois Stock Banks 10 to 20c discount. Our bankable par funds now consist of the Stock, Independent and State Banks of Ohio; State Bank of Indiana; Kentucky Banks, and Wheeling City Banks. The notes of the Clinton Bank of Columbus are taken in small amounts. The following Branches of the State Bank of Ohio have failed—their notes being perfectly good, however, as the other Branches redeeming them: Licking Branch Bank, Cuyahoga Falls Branch Bank, Commercial Bank, Toledo, Farmers Bank of Ashtabula, Mechanics and Traders' Branch Bank, Cincinnati. Akron Branch Bank, Akron. The following named banks located in Illinois have suspended payment: Merchants and Mechanics' Bank, Chicago, Phœnix Bank, Chicago. Dupage County Bank, Bank of Napierville, Bank of Ottawa, City Bank, Chicago, Union Bank, Chicago, Farmer's Bank, Chicago, Belvidere Bank. Belvidere, Rock Island Bank.
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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,
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Illinois SUSPENDED Banks.-The Chicago Democratic Press of the 20th, *peaking of the Illinois banks, says: The banks that have gone into liqnidation are the Union Bank, City Bank, Farmers' Bank and Phoenix Bank, all of Chicago, and the Merchants' and Farmers' Bank, of Sprinfield.
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IMANOIS SUSPENDED BANKS.-The State Auditor of Illinois has given notice that, pursuant to an act of the Legislature atjits session just closed, he is ready to receive the notes of such banks as have gone into liquidation in exchange, at par, for the securities deposited with him by such banks, provided the notes shall be presented within the next sixteen days. After the expiration of that time the securities.will be offered for sale in New York, and the proceeds applied, pro rata, to the redemption of the notes. The banks that have suspended are the Union Bank, City Bank, Formers' Bank, and the Phoenix Bank, all of Chicago, and the Mechanics' and Farmers' bank of Springfield,
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Some mathematician has calculated that the war costs the Allies $300 a minute. # BROKEN AND SUSPENDED BANKS. PRESENT VALUE. Canal Bank, Cleveland, Ohio, 95 cents City Bank of Columbus Ohio, 95 cents Bank of Circleville Ohio, 65 cents Merchants' Bank, of Bridgeton, N. J. 80 cents Wheat Growers' Bank, Newtown, N. J. 80 cents Government Stock Bank, at Ann Arbour, Mich-igan, 40 cents Bank of Washtenaw, Michigan, 25 cents Erie & Kalamazoo R. R. Bank, Michigan, 25 cents Farmers & Mechanics' Bank of Kent County Maryland 65 cents Newport Safety Fund Bank, Kentucky, — cents Stark Bank, Vernont, 50 cents Cochituate Bank, Boston, Mass. 25 cents Eighth Avenue Bank, New York City, 93 cents Lewis County Bank, Martinsburgh, N. Y. 10 cents Union Bank, Chicago, Illinois, 75 cents City Bank, Chicago, Illinois, 75 cents Mechanics' and Farmers' Bank, Springfield, Illinois, 75 cents Farmers' Bank, Chicago, Illinois, 75 cents Ship Builders' Bank, Maine, — cents Trans-Alleghany Bank, Virginia, 90 cents Bank of Milford, Delaware, — cents Exchange Bank of Selden, Withers & Co. Washington, 50 cents
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ILLINOIS SUSPENDED BANKS AT PAR -The Auditor of State has published the following notice, relative to the redemp. tion of the Illinois State Banks that have gone into liquidation. AUDITOR'S OFFICE, ILL Springfield, Apr. 4 1855 To the holders of Notes of Banks that are now in liquidation: I am now prepared to redeem the cir culating notes of the banks that are in liquidation, at par, viz. The Farmer's Bank. the Phonix Bank, the Union Bank. and the City Bank, situated at Chicag and the Mechanic's and Farmea's Bank, at Springfield, III. THOS. H. CAMPBELL, Auditor.
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Illinois. Par ALTON Bank, Alton " BANK OF AMERICA, Chicago " BANK OF ELGIN, Elgin " BANK OF GALENA, Galena " BANK OF LUCAS & SIMONDS, Springfield (F) " BANK OF NAPIERVILLE, Napierville (F) " BANK OF NORTHERN ILLINOIS, Waukegon (F) 1c BANK OF Ottawa, Ottawa (F) Par BANK OF PERU 10c BANK OF ROCKFORD, Rockford (F) Par BELVIDERE BANK, Belvidere (F) " BELLVILLE Bank, Belvidere " CENTRAL Bank, Peoria (F) " CHICAGO BANK, Chicago (F) 10c CITY Bank, Chicago Par CLARK'S EXCHANGE Bank, Springfield (F) " DARIEN STOCK BANK, (F) 10c Du PAGE COUNTY Bank, Napierville. Par SOUTHERN BANK OF ILLINOIS, Belleville " STATE BANK OF ILLINOIS, Shawneetown " STOCK SECURITY Bank, Danville 10c UNION Bank, Chicago EXCHANGE BANK of H. A. Tucker & Co., Chicago Par 10c FARMERS' Bank, Chicago IF Failed November 8, 1854. Par FARMERS' & TRADERS' BANK, Charleston " MARINE BANK OF CHICAGO " McLEAN COUNTY Bank, Rloomington 10c MECHS. & FARMERS' Bank, Sp ingfield IT Suspended, November27, 1854. Par MERCHANTS' & DROVERS' BANK, Joliet " MERCHANTS' & MECH. Bank, Chicago " NATIONAL Bank, Equality " PEOPLE'S Bank, Carmi 10c PHONIX BANK, Chicago Par QUINCY CITY Bank, Quincy " Railroad Bank, Decatur : ROCK ISLAND Bank, Rock Island
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Total, $6,161,255 5 238 930 This statement shows an excess of security over circulation of $922,325. Of the suspended Banks, the Auditor is now redeeming the bills of the Rushville Bank at par; the People's Bank at 94c. on the dollar; the Stock Security Bank at 88 1 4c., and the Bank of Rockford at par. The following Banks, viz: the "Southern Bank of Illinois," at Belleville; the Du Page County Bank; the "Exchange Bank of H. A. Tucker & Co." and the Merchants and Mechanics' Bank" of Chicago, have gone into voluntary liquidation, having security deposited with the Auditor, with which to redeem their bills at par The following banks are in liquidation, viz: Union Bank" of Chicago; the "City Bank" of Chicago; the "Mechanics' and Farmers' Bank" of Springfield; the "Farmers' Bank" of Chicago, have been wound up, and the time within which to redeem their bills has expired by limitation of law. Any outstanding bills upon them are now therefore, worthless.