Artisans Bank (New York, NY)

Episode Information

Episode UID
90758590730
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
9075859 hash
Start Date
October 1, 1860
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8226d029055e8920

Response Measures

None

Description

Contemporaneous accounts attribute the panic to political/speculative mismanagement and withdrawal of city deposits.

Events (5)
1. October 1, 1860 Run
Cause
Bank Specific Adverse Info
Cause Details
Public loss of confidence after alleged mismanagement, political disbursements, and withdrawal of city funds prompted heavy withdrawals
Measures
Managers closed paying windows; officers sought legal injunctions and requested extensions from creditors
Newspaper Excerpt
a large number of claimants were making demands and a run on said bank
Source
newspapers
2. October 1, 1860 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended payments following heavy withdrawals, disputed loans and the transfer/withdrawal of city deposits
Newspaper Excerpt
The suspension of payment by the Artisans' Bank on Monday morning last
Source
newspapers
3. October 4, 1860 Receivership
Newspaper Excerpt
The Directors of the Artisans' Bank have applied for a Receiver. Augustus Smith is appointed receiver of the Artisan's Bank.
Source
newspapers
4. October 1, 1861 Other
Newspaper Excerpt
APPLICATION FOR A RECEIVER -- In consequence of the city of New York making a levy for taxes for 1860, on the exploded Artisans Bank ... the directors of the institution applied to-day for the appointment of a receiver.
Source
newspapers
5. March 20, 1863 Other
Newspaper Excerpt
RECEIVER'S SALE ... will sell at public auction ... Real Estate formerly belonging to the said Artisans
Source
newspapers

Newspaper Articles (24)
1. October 3, 1860 The New York Herald New York, NY
Article from The New York Herald, October 3, 1860

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Article Text

defendant "would have to go into liquidation;" and deponent has been informed and believes to be true, that said defendant is insolvent. That deponent was yesterday present in said bank when a large number of claimants were mrking demands and "a run" on said bank, and deponent has been informed and believes to be true, that many of said claimants' lawful demands for moneys not GEO. P. GORDON deposited were paid. Sworn to this 2d day of October, 1860, before me. JOHN BYRNE, Commissioner of Deeds. NOTICE Take notice tbat, upon the summons and complaint in this action (a copy of which is herewith served on you) and the annexed affidavit, shall apply to one of the Justices of the Supreme Court, at a special term thereo', to be held at the chambers of the said Justices on the third day of October, 1860, at ten o'clock in the forenoon of that day, or as soon thereafter as counsel can be hear for an order that said defendant be declared insolvent, and that Benjamin F. Camp, of No. 116 Madison avenue, near Thirty first street, in said city builder, be app inted the receiver of the property of the defendant, with the usual powers of & receiver, &: or for such other or further order as to the said Court may seem proper. Yours, sc., F. BYRNE, Attorney for plaintiff, No. 132 Nassau street, Dated, October 2, 1860. City of New York. To the above named defendant. Let the defendant show cause according to the above notice. WM. H. LEONARD. INJUNCTION BY ORDER. It appearing satisfactory to me, by the complaint in the above entitled action, and by the affilavit of the plaintiff, that sufficient grounds exist therefor, and that the said plaintiff is creditor of said defendant, (a banking corpo ration located and doing business in the city, county and State of New York,) having a demand exceeding one hundred dollars, viz, to the amount of four thousand seven hundred and sixty one dollars, arising upon a debt or lia to said said defendant the contracted by bility plaintiff, after the 1st day of January, 1860, viz, for money at va. rious times deposited by said plaintin with said defend ant, and not withdrawn from said defendant, or assigned by said plaintiff and that said plaintiff, on the 1st day of October 1860, at the bank and place of business of said of between the ten hours in defendant the o'clock forenoon and three o'clock in the afternoon of said day, viz, at half past two o'clock in the afternoon, presented his 3 said directed desaid duly signed check, by plaintiff, fendant, for and demanding payment of four thousand seven and hundred one and that the cashier dollars, sixty and pay paying teller of, and said defendant, refused to pay said check, or said sum expressed therein, to said plaintill; and, in my opjoion, on the facts 80 presented it being expedient (in order to prevent fraud or injustice) do, therefore, order, enjoin and restrain said defend ants and its officers from paying out or in any way trans ferring or delivering to any person any money or assets of such defendant, or incurring any debt or obligation until this order be vacated or modified; and let the said defendant show cause, before me, at a special term of the Supreme Court, to be held at the chambers of the Jus. tices thereof. at the City Hall of the city of New York on the third day of October instant, at ten o'clock in the forenoon of said day, why said restraint above ordered should not be made absolute, or be continued, and why the Faid defendant should not be declared insolvent: and require the officers of said defendant, and any and all of 118 books, papers, accounts, assets and effects, and to examined on oath touching the same, before me, at said such time other last and and order mentioned, why place should Not be granted as shall seem proper. Dated October 2, 1860. WM. H. LEONARD. There are a great many mistaken ideas afoat concern ing the public moneys which have been deposited in this bank. Some people are of the opinion that the city will suffer to a great extent by this stoppage, as they think that there is still a large amount left on deposit there. As far as the city funds are concerned, they are entirely yond any possibility of loss from the affairs of this bank. On the 29th September, ult., the last public money on deposit in this bank was withdrawn by the City Chamberlain, and official notice to that effect served on the Mayor and Comptroller. The following is the notification which the Chamberlain served on these public officers:CHAMBERLAIN'S OFFICE, ARTISANS' BANK, NEW YORK, Sept. 29, 1860. R. T. HAWS, Esq. :-SIR-1 have, under my official bonds, selected the Park Bank as the place of deposit of all moneys belonging to the city or county of New York, or under my charge as Chamberlain, on and after this all in and have discontinued the Artisans' date, deposits Bank. trust this change will be satisfactory to yourand the NATHAN C. PLATT, Chamberlain. self public. The gross amount of city funds in the bank was about one million of dollars, and in transferring that large sum of cash to the Park Bank Mr. Platt had hoped to allay public excitement. This, in fact, was his great aim, as public fears had been loudly expressed for the safety of these moneys. It may be as well to state that the laws of the city and of the State give absolute authority to the Chamberlain to put the public moneys in any safe place that he may choose, and the Mayor and Corporation have no power over him in this respect. Mr. Platt is not only City Chamberlain, but he is also President of the Artisans' Bank, and in the action reference has taken the he in to prompt public funds he has shown that he is a gentleman well worthy 0' the confidence of the community, and especially fitted for the responsible office which he fills. The stoppage of pay ment by the Artisans' Bank could not, however, have af fected these public deposits in any wav. Mr. Platt is re sponsible for the moneys of the city entrusted to his keep. million the if and been whole lost of dollars had foring, ever, Mr. Platt is a man of independent wealth, and it is confidently stated that from his own fortune of over two millions of dollars he could easily meet the unfortunate emergency The difficulties which led to the failure of the bank are only of last year's accumulation. Those who suppose that the bank has long been in danger of a stoppage will, it is said, find that they are greatly mistaken. Political influences and the jealousy of some persons who had ex. pected to receive the appointment of Chamberlain from the Mayor, to the exclusion of Mr. Platt, have been some of the causes of the pressure made upon its funds and of its consequent failure. The run upon the bank for the last few days has been more than excessive, and as the combination for its destruction was every day becoming more formidable, the authorities resolved to close, at least for a time. In doing so, it is said that the bank was not forced to adopt that course by means of the outside force alone, but simply as a stroke of policy for self preservation. The deposits in the Artisans' Bank amount to $1,066, 413; its circulation . $95,114; its specie, $285 431, and its loans 366. $1,873,366. There is no doubt entertained by the officers that the bank will be able to pay every dollar of its liabilities, as its assets are quite sufficient for this purpose. It is even thought that the stock will be sufficient to cover everything and yet to leave the stockholders about seventy per cent. The bank wasstarted in 1856, and Mr. Tooker, who has been the cashier for the last three or four years, expresses the belief that the affairs of the institution will, in a very short time, be placed upon the most satisfactory footing, when the bank will resume payment, and perhaps increase its capital to . a million of dollars. Some persons think that the republican party will at. tempt to throw some blame on the Mayor 10 this matter, as If he could prevent the failure of any bank in the city. They will doubtless say that he knowingly placed the city funds in a rotten bank. But, as we have shown, the Mayor has no power whatever as to the deposit of the city money, and therefore cannot be held responsible, except for the appoint. ment of the Chamberlain, and in so far as the fidelity of that officer is concerned This is the duty of the Mayor, and in appointing Mr. Platt he has fully and satisfactorily discharged it to the public, for there is no more responsible gentleman in this city, financially and morally, than the present City Chamberlain. has The Park Bank. which for few days past conduct-

2. October 3, 1860 The New York Herald New York, NY
Article from The New York Herald, October 3, 1860

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ANOTHER FINANCIAL EXCITEMENT. STOPPAGE OF THE ARTISANS' BANK. Great Rush of Depositors to the Bank Yesterday. THEIR CONSTERNATION AND DISAPPOINTMENT. Institution of Legal Proceedings to Prevent its Going into Liquidation. SCENES AT THE BANKING HOUSE. WITHDRAWAL OF THE CITY FUNDS. ACTION OF OTHER CITY BANKS, &c. &s., &c., The suspension of payment by the Artisans' Bank on Monday morning last created no little excitement in the city yesterday. Large numbers of working men and persons who had deposited their money in this bank continued to besiege the place from the opening to the closing of the establishment. The cashier's and tellers' offices were closed to the public, and written notices to that effect posted on the windows and doors of the bank. Within the usually busy interior of the establishment everything appeared dull and dreary except the officers and clerks, who seemed to look upon a bank stoppage as one of those pleasant incidents that serve to vary the routine of their ordinarily monotonous life, and went on moving about their deaks and writing in their books as if nothing in the world had occurred to disturb public equanimity. Not so with the bearers of checks, who every now and then dropped in, expecting to realize a little ready cash. The startling announcement, "We are not paying anything at present, sir, did not strike their ears in any very harmonious strain, and we SAW several men who walked in very briskly crawl out very slowly. Many of those who presented checks, it was clear, did not know anything of the true state of affairs; but on hearing the sad tidings they retired with anything but smiling faces. Others who already knew the worst still persevered in the desperation of last hope to draw out whatever they had on deposit; but it was no go any way. The managers and cashier were inexcrable, and every feint to take them by surprise failed to produce the desired effect. At one time an applicant who had iailed to obtain the cash for his check, and who seemed to take his disappointment in very good part, on coming out of the bank said, loud enough to be heard by all around, "Well, I am very lucky-I have got out every cent of my money; here's the check for it"-showing the rejected draft to bystander. The effect was electric. There was an immediate dash of the forlorn hope for the bank; but what was the result of the foray we cannot say, although it may well be surmised. One of the depositors during the day went into the bank seeking payment of a check for four thousand dollars. Ee came out with his draft not honored, and instead of bewailing his misfortune, like many others, he proceeded immediately to his lawyer, took his advice, and subsequently sued out the following summons and complaint preliminary to an application for an injunction to prevent the bank from going into liquidation SUPREME COURT. SUMMONS FOR MONEY DEMAND ON CONTRACT. George P. Gordon, Plaintiff, US. The Artisans' Bank, Defendant.-I the defendant above named - You are hereby summoned and required to answer the complaint in this action copy of which is herewith served on you) and serve a copy your answer on the subscriber. at his office, No. 132 Nassau street, in the city of New York, within twenty days after service hereof on you, or in default thereof the said plaintiff will take judgment against you for the sum of four thousand seven hundred and sixty one dollars, with interest from the first day of October, one thousand eight hundred and sixty, besides FRANCIS BYRNE, the costs c this action. Attorney for plaintiff, No 132 Nassau street, city of New York. Dated October 2, 1860. COMPLAINT City and County of New York The plaintiff above named, by Francis Byrne, his attorney complains of the defendant above named, as shown to this Court, as follows:First. The said plaintiff states upon information that the said defendant, before and on the first day of September, 1860, and from therce hitherto, was and still is a banking corporation, created by and under the laws of the State of New York, doing business and having its banking institution in said city Secondly The said plaintiff states that at various times between said first day of September, 1860, and the first day of October, 1860, he deposited with said defendant divers sums of money, amounting to several thousands of dollars lawful money of the United States of America, which moneys so deposited by said plaintiff with said defendant the said cefendant, at the time of the deposit thereof. agreed with said plaintiff to pay to the said plain. his or demand. on Lift order Thirdly The said plaintiff further states that before the said first day of October, 1860, the said plaintiff had deposited with said defendant four thousand seven hundred and sixty one dollars and up wards, lawful money of the United States of America. and which sum, up to and on said first day of October, 1860, the said plaintiff had not withdrawn from said defendant nor assigned, and said defendant, on said first day of October 1860, was justly indebted to said plaintiff in said sum of four thou sand seven hundred and sixty one dollars and upwards for moneys theretofore deposited by said plaintiff with and received by said defendant, to be paid by the said defendant to the said plaintiff on demand. Fourthly. That the said plaintiff, on the said first day of October, 1860, made and signed his check or draft in writing, bearing date said day and year, directed to said defendant, by which the said plainiiff requested and demanded that said defendant should pay to the said plainLIST said sum of four thousand seven hundred and sixty one dollars; and on said day and year, at the banking institution of the said defendant. in the said city, between the hours of ten o'clock in the forenoon and three o'clock in the afternoon of said day, viz: at half-past two clock in the afternoon of said day and year the said plaintiff presented said check, so signed, to the said defendant and to the paying teller of and in said bank. and demanded payment of said sum of four thousand seven hundred and sixty one dollars, and said defendant refused to pay the same, and said sum. or any part thereof, has not bith. erto been paid by said defendant to the said plaintiff: but said sum of four thousand seven hundred and sixty one dollars anti interest from October 1860, still remains due and unpaid from the said defendant to the said plainLift over and above all offsets, deductions. claims and demands of the said defendant against said plaintiff Wherefore the said plaintiff prays judgment against said defendant for the said sum of four thousand hundred and sixty one dollars. with interest from said first day of October, 1860, (and for any other sum that may be duefrom said defendant said plaintiff, with interest, &c. and that an order be granted declaring said defendant insolvent and that temporary injunction or injunction by order be granted, restraining said defendant and its officers from pay ing out or in any manner transferring or delivering to any person any money or assets of the said defendant or incurring any debt until said injunction or order be vacated or modified, and that the officers of the said defendant be required to exhibit any and all of its books papers, accounts. assets and effects, and be examined on oath touching the same before one of the Judges of this Court or referee to be appointed by him, and that a receiver of the property of said defendant be appointed. and that the said plaintiff be paid the amount of his said debt and interest and costs, and that he may have such other further order or judgment or relief as he my be BYRNE FRANCIS entitled to. Attorney for plaintiff, No. 132 Nassau street, New York. City and County of New York. -George P. Gordon. the plaintin above named, being duly sworn. saith he has heard the foregoing complaint read and knows the con tents thereof. and that the same is true of his own know ledge. except as to the matters which are therein stated to be on information and belief, and as to those matters be believes to be true. GEO. P. GORDON. Sworn to this 21 day of October. 1860. before me. JOHN BYRNE, Commissioner of Deeds. AFFIDAVIT. City and County of New York -George P. Gordon, the plaintiff above named, being duly sworn, smith be has heard read the annexed complaint in the above entitled action (verified by him) and knows the contents thereof, and that the same is true of his own knowledge, except as to the matters which are therein stated to be on information and belief, and as to those matters he believes it to be true: and this deponent further saith that the said dethe

3. October 3, 1860 Cincinnati Daily Press Cincinnati, OH
Article from Cincinnati Daily Press, October 3, 1860

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New York Items. NEW YORK, October 2.-It is announced to-day that the Directors of the Chicago and Rock Island Railroad Company, have resolved to pay no dividend at present. The Directors of the Artisans' Bank have applied for a Receiver. The highest bid for its shares to-day, was $10. A statement of its affairs shows liabilities, including capital stock, $1,761,000; assets, $1,758,000, circulation, $95,000, fully insured.

4. October 3, 1860 Cleveland Morning Leader Cleveland, OH
Article from Cleveland Morning Leader, October 3, 1860

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FROM NEW YORK. NEW YORK, Oct. 2. It is announced to-day that the Directors of the Chicago & Rock Island Railroad have resolved to pay no dividend at present. The Directors of the Artisans Bank have ap plied for a receiver. The highest bid for its shares to day was ten dollars. A statement of its affairs shows liabilities, including capital stock, $1,761,000; assets, $1,758,000; circulation $95,000 fully secured.

5. October 3, 1860 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 3, 1860

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LA W INTELLIGENCE SUPREME COURT--CHAMBERS-OCT. 2.-Before Justice LEONARD. INJUNCTION AGAINST THE ARTISAN'S BANK. George P. Gordon and John C Crossman ast. The Artisans' Bank: George P. Gordon agt. The Same. An application of the counsel for the plaintiffs. Francis Byrne, the Judge, granted an order requiring the President, Directors, &c., of the Artisans' Bank to show cause why an injunction should not be granted restraining them parting with any of the assets of the Bank, and why a receiver should not be appointed to take charge of the affairs of the institution. In one of the suits plaintiff, Gordon is & creditor of the bank to the amount of $4,617 and in the other, $6,016, which the bank could not pay. A temporary injunction has been granted enjoining the officers of the back from paying out or in any way transferring or delivering to any person auy money or assets, or incurring any debt or obligation until the further order of the Court: and further, why said injurction should not be continued, and why the Bank shall not be declared insolvent. The order to show cause is returnable on Wednesday, at 10 a. m. The plaintiffs and Jacob Vanderpoel, of Madison avenue, are the sureties in the undertaking on which the injunction issued, to the extent of $2,000. The following is the affidavit of the plaintiffs upon which they obtained their order: City and County of New- York.-George P. Gordon one of the plaintiffs abovenamed. being duly sworn, saith, that he has heard read the atnexed complaint in the above entitled action (verified by him) and knows the contents thereof and that the same is true of his own knowledge except as to the matters which are therein stated to be on information and belief, and as to those matters be believes it to be true. And this deposent further +ai h. that the said defendent is justly indebted to the said plaintiffs (who are coparteers in trade) in the sum of Six Thousand and Sixteen dollars and upward. for Iswful monies of the United Sta es of America dep sited by the said plaintiffs with said defendant as 8 banking institution in said city before, and not drawn from said defendant on the 1st day of October, 1860, or bitherto, or assigned by the said plaint ff's that deponent P esented the check and made demand of the money therein expressed as itated in said complaint, and payment of said sum 80 demanded and deposited by the said plaintiffs was refused by the said defendant. and by the paying teller of and in said Bank, and by the President of said defendant: and d ponent was informed by ti cashier of said defendant that said defendant had otfunds to pay said demand and that said defendant would have to go into liquidati D; and deponent has been informed and believes to be time that Baid defendant is insolvent: that deponent was yesterday present in said Bank, when a large number of claimants were making demands and & run" on said Bank, and deponent has been informed and believes to be true that many of said claimante' lawful demands for monies depositGEO. P. GORDON. ed were not paid. Sworn to this 2d day of October, 1860, before me, JOHN BYRNE Commissioner of Deeds. THE AGNEW HABEAS CORPUS-REPLY OF MR. JENCKES Last week an application was made by Honrie ta Agnew for the custody of & child five years of age, alleged to be the ill. gimate offepring of the P titioner's daughter. and restrained 0 its liberty by Charles Morris Jenckes, an artist, who clain to be its legal father. Mr Jencke has made R. return stating that be had supported both the mother and the child; that be took the cbild after the deato of its mother. at the request of the petitioner, and clo bed it and sent It to school. DECISION. William H. Gebhard agt. David S. Mills.-Motion granted. SPECIAL TERM.-Before Justice BONNEY ANOTHER BRANCH OF THE RECORD-COMMISSION CASE DISPOSED OF. McSpedon et al agt. Blount et at This action was brought to recover damages to the extent of $75,000 by reason of an alleged false return made by the defendants to the writ of alternate mandamus issued on the application of the plaintiffs. Toey aver, that to consequence of is filse return the Court refused to grant the claim of the plaintiffs. an onuting to $193,000 for work done for the Record Commissioners. The defendants d-murred to the COD plaint on the group that it did not state sufficient facts to constitute % cause of action. The case came on his morning. and the plaintiffs not appear. ing, judgment was given for the defendant on the demurrer. A. R. Lawrence, jr, for defendants. THE GRIDIRON RAILROAD CASE. The Trustees of the Sailors' Snug Herbor et al, agt John Keir, the Mayor, Aldermen &c, of New-York. The demurrer to the complaint in this celebrated case was set down for argument to day. Mr. William Allen Butler, who represents the plaintiffs and Mr A derson Assistant Corporatic I) Connsel were in attendance, and after some conversation the matter was postponed to Thursday. The motion for an injunction will come on next Tuesday.

6. October 3, 1860 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 3, 1860

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SUSPENSION OF THE ARTISANS' BANK.-The ArtiPADE' Bank suspended payment yesterday morning. The Chamberlain, Mr. Pla t, removel the deposits of the City to the Park Bank last week. A Receiver will probably be appointed. See Legal and Commercial columns.

7. October 5, 1860 Richmond Daily Whig Richmond, VA
Article from Richmond Daily Whig, October 5, 1860

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All intelligent men have long ply impossible for the country to continue long convulsed by this mischievous slavery agitation, without the occurring of & crisis, also, in commercial and monetary affairs. Bat the significant indications of an approaching crisis have developed themselves much earlier than the most sagacions had anticipated. Indeed, this orisis, preoipitated by sectional agitation and the probability of grave political troubles in the near future, has already commenced. As one proof of the fact, the New York Herald, of Friday, informs us that the great commercial emporium of the Union "was thrown into a considerable panic" on Thursday last, "by the sudden announcement of the suspension of the Artisan's Bank, from which institution the City Chamberlain, Mr. Phit,(who is also President of the Bank,) withdrew the city funds and deposited the same in the Park Bank." The Herald, after saying that is has been known for some time that the Artisan's Bank was in some difficulty, adds that "is is a significant fact of the times that its trouble did not arise from any legitimate commercial cause, but from purely political circumstances." Our contemporary then proceads, and we in. voke attention to the grave teath is announces-"This is but the beginning," says the Herald, "of that political commercial crisis which is the certain consequence of the present disturbed condition of the country-the uncertainty of the future prospects of the confederacy in view of Lincoin's alection, and & fear of the disruption of our whole system, commercial and political, of which evidences too strong to be doubted for & moment are furnished every day in the Southern States.The political crisis at which we have arrived is not, as in many former times, merely the turning point of fortune for this political party or that-the question involved is not whether this set of politicians shall command power and spoil or the other set, but whether the whole fabric of the Union is to be levelled-whether the Constitution is to be ignored--whether the commercial property of the country is to be demolished-whether we are to live at peace as brethren united by a common interest and a single destiny, or to drag out & miserable termination to the American Republic in internecine war! Such are the questions depending for solution upon the result of the present contest. We see the first symptoms of danger in the exeitement created in New York by the suspension of the Artisan's Bank,and this is but the beginning of the end." But, not only in the great commercial emporium do we discern indications of an approaching commercial and monetary erisis. Such indications exist in various portions of the South, also. The great Disunion organ in Alabama, the Mail, is talking most dolefully about the "hard times" in that State. Hear what it says: "Never have such "hard times" been known here since 1837-hard times, too, that some how arise out of financial mismanagement. It is the Banks and one set of brokers vs. another set of brokers-in the face of the fact that cotton advances by every steamer. Next Monday is the first and, alas! we fear several good, substantial men will go. down in the commercial melee between that and the fourth! And this ought not to be-and it would not be, but for the cause already mentioned, ag. gravated by the antagonisms of the several financial "machines" of the city. We can, however, only wait and hope-the gloom ahead is impenetrable." That it is significant enough. But it is useless for tha Alabama Disusion organ to soold at and denounce Banks and brokers. The cause of the crisis lies much deeper. It is owing to the Disuniouists of the Mailand the Breckiaridge party, and the fanaticism of NorthernAboltionists. Viclous politics are at the bottom of this thing-and not ing else. And we tell the Breckinridge people, as the Confederation tells the Mail-just go ahead with your shouts and huzzas for disunion and revolution one month longer, and then you will have something in reality to complain of. You have'nt seen anything yet. Just let the impression "get out" and pretty generally believed, that the Union is going to be dissolved, and we will see who ther you can sell cotton or anything else, at any price at all. There is no use railing at the bankers and brokers. They are like everybody else; will take care of themselves, and they are right. If people threaten to break up the government, and there is any probability of it,of course the banks and all moneyed men will "hanl is their horns," and prepare for the storm. A highly respectable cotton buyer told us & day or two since, that he could not get a bill discounted to buy a bale of cotton, payable beyond the day for the Presidential eleeNon. Indeed are the "times hard," but the worst is a ead. It is so all through the South. Here is what is said of Memphis, Tennessee. What & glorious time the Disubionists are likely to have. Tae money market at Memphis is unusually tight."Money is worth 11 to 2 per cent. per month. The banks are doing nothing. Coston goes in fast, but the sales do not relieve the money market. Protestsare common.Secession at Charleston and Baltimore, to elect Lineolo, is the firstenuse of the general pressure in the South.Capital is timid and hides itself during (a thereatened) revolution. These are the signs and symptoms of the commencement of a calamitous and wide-spread commercial and menetary crisis, originating solely in the sectional agitation and Disunion threatenings of the factionists of the Lincoln and Breckioridge parties. We entreat the people of Virginia, of all parties, in view of the alarming

8. October 5, 1860 Cincinnati Daily Press Cincinnati, OH
Article from Cincinnati Daily Press, October 5, 1860

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From New York. New YORK, October 4.-Augustus Smith is appointed receiver of the Artisan's Bank. He is Vice-President of the Nassau Bank.

9. October 6, 1860 The New York Herald New York, NY
Article from The New York Herald, October 6, 1860

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THE SUSPENSION OF THE ARTISANS' BANK. The Adjourned Meeting of the Stockholder. and Creditors-Ap suitine Smith Appointed Receiver An adjourned meeting the stockholders and creditors of the Artisans' Bar LK was held at nine o'slock yesterday morning, Mr. ..unyan Martin in the chair, for the purpose of re celving the report of the committee that had beer appointed to confer with Mr. Augustine Smith relative to his appointment as receiver. Mr. WALLIS, from the committee, stated that he had seen Mr. Smith early that morning, when Mr. S. signified has acceptance of the appointme L. In doing so Mr. Smith expressed bis intention to devote his time personally to the winding up of the affairs of the bank, without covering up or concea ing anything, in order that all interested in the concern should be made acquainted with the true posttion of its affairs; and he would do so without favor, or regard to private friendships, faithfully, honestly and industriously. The report was accepted, and it was resolved that Mr. Augustine Smith be recommended to the Court as receiver for the bank, and that ex-Judge Cowles, F. Byrne, A. H. Wallis and James Van Names be appointed a committee to wait on the Court and inform it of this resolu tion. The meeting then adjourned.

10. October 6, 1860 The New York Herald New York, NY
Article from The New York Herald, October 6, 1860

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THE NEW YORK WEEKLY HERALD. The Colossal Enterprises of Louis Napoleon in Atrica-Suspension of the Artisans' Bank-Imporiant News from Europe-The Prince of Wales in Washington-The Presidential Canvass-The Last Speech of Gen. William WalkerThe Markets, &e., &c. The WEEKLY HERALD, for the present week, will be issued at ten o'clock this morning. In its columns, among other matters, will be found:-A very interesting statement in regard to the Secret Developement by Louis Napoleon of the Senegal Colony in Africa, and the Dis. covery and Working of Illimitable Gold Fields; An account of the Suspension of the Artisans' Bank in New York city; Important News from Europe-Decisive Battle between Victor Emanuel's Troops and the Pope's Army, and Defeat of the Latter, with Sketches of the Two Commanders; Reception of the Prince of Wales by the President at Washington, and his Entertainment at the Federal Capital; Report of the Speech of the Hon. Wm. H. Seward at Chicago; A description of the Wide Awake Demonstration in this City on Wednesday night; A Letter from Our Special Correspondent describing his Visit to the Home of the Hon. Alex. H. Stephens, of Georgia, with an account of Interviews with Mr. Stephens and Senator Toombs; An autheatic account of the Execution of General Walker, his Last Speech, &c.; The Singular and Distressing Attempt to Commit Suicide by Miss Josephine C. Lyon in West Thirtysixth street, &c.; Editorials on Prominent Topics; Reports of the Cattle, Provision and Money Markets, and all interesting news of the preceding week, received by telegraph or otherwise. Single copies, in wrappers, can be had at the counter of the office, corner of Fulton and Nassau streets. Drawings of R. France's Delaware Lotteries:BUSSEX COUNTY, CLASS 238, OCTOBER 5, 1860. 14, 40, 35, 33, 56, 19, 7, 75. 34, 54, 27, 49. CONSOLIDATED LOTTERY-CLASS 177. Oor. 5, 1860. 77, 67, 53, 60, 25, 22, 11, 46, 76, 41, 72, 10, 14. Circulars sent free of charge by addressing R FRANCE

11. October 6, 1860 The Press and Tribune Chicago, IL
Article from The Press and Tribune, October 6, 1860

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FAILURE OF THE ARTISAN'S BANK. A Chapter in History of Democrate [From the New York Times Times, 84.) That not very large nor very influential tissus' citizens who have private deposits the Ar- class Bank, were disagreeably confirmed, terday soundness of morning that in their suspicious of the yes. firm of the Paying institution Telier the to cash polite bus checks whatever The Bank paid all any but, upon it up up to 8 'clock last Monday claims afternoon; Bank closed words the on ominous opening the doors yesterday morning, read This on the alides in front of each were Teller's desk, failure one comfron moment, be appointed Receiver out vided of the it must inevitably grow our City honest member, least, man-such of as cannot fall to an ab's to involve and one 5. Nathan Dir. to bar. plea put in charge which no Statute Limitarions Government, can in a be dent berlain the bankrupt institution, is City Platt, Cham. Presiand while he har managed, by tistions to be detailed hereafter, have negocity still funds apparently transferred to a Bank sound sound-the Park Bank-we have of those security factory evidence as to the no satisfunds in the belonging to widowsan acced. ing $1,000,000. which have been placed Chamberlain's hands, as official trustee, Supreme Court. Diders the under The comes Attisan's Bank, now that its true history the elements to Lion-nev be hadia written, has never a safe institucial mcst integrity or success. of Organized for commer- the dencies mcst part by men of recklersly speculative ten most of them notorious money. borrow its ers, med those who had aninside view of the for operations, to little better than amachine of collecting money from depositors and Board benefit Directory need ment need of continual private loans. We Manageonly to print to such names as those thela's more to Harvey Burdell and Mr. J. R. Gll- of to justify these remarks. an became is brother of not the long since Mayor, Mr. Benjamin Wood, on 85 or ranking purchaser of bont 83 stock in this Bank, said stock then extensive the from funds lars Worth scrip. By him every was bundred that dolscheme ier transferring the City the Leather and Shoe Shoe and reward organized and he had Bank his to the Artisans was such rise corjunesion with Mr. F. Camp, this, in pointed Director, by an apparent newly ap stocks par. $40,000 nearly Camp Eas lately We learn, purchased moreover, that Mr. of Artivans' worth making In his OWD came-the stock Bank par, itself therembouts, the of his to extent purchases immediate -thus stock this fancy trick run up showing the the price whole of thing to mere the for value, benefit of fictitious ing came. sell out profit before the grand those wish crash view. Keeping the interests of Mr. Benjamin Wood and with yet further light, be thrown on this whole which will the est Receiver asks about the subject disposal when any honfrom sum of money, which disappeared of large two Artisans removal of Mr. A. V. or threw days before the be to ceases City Chamberlain Stout from the office the City why should have Fernando removed Wood in his capacity as & Mayor, puzzle safe and above suspi. institution thoroughly deposits from an : institution cion, favor such Shoe and Leather Bank, in our weakest and least reputable always in regarded By the was to enhance the interest of his Ci y. brother's stock, in which hall rumor BAYS he really colds interest; and also to obtain disclos considerations, which may possibly some other the affairs ed whenever is correctly wound up. "The the Invorality Artisans' are estate." deed # great nance an Bank says Reporter, The "and Journal Mayor seems to understand the value of Wood neas!" therefore let no man impeach his is rewards: disinterested. dissatistied ago will be Clear ing-house remembered that became not many weeks Bank's Artisans' the suspected the invencial mode of soundness doing business. its affairs. upon body stitution, and appointed committee of of its the in to investigate and report own found This Committee being concern rigus nature- the capital of trouble the of deep or lost impaired one-third loans of forty and fifty and thousand books show. borrowers whose names the Bank dollars to disclose. These These loans loans the refused to to have been made for Committee believ rupt purposes, and no answer could be electioneering and corthe men who had obtained extorted tions. motives for giving such enormous or accommods. the Rather than undergo a second and Committee, the strict examination by this more sans Bank pretended to withdraw Artiaccord from the Clearing house, of Its own after to make its exchanges offaring there. the American Exchange Bank, at the counter of ing. house second Committeepro examination, such as the Clearnal Finance and Bink proposed,' Reporter says The The Jour. have shown that the would funds of this tastitution (the Artisans') hadbeenused used and power for Mayor Wood, to rebase place of the have secret Let kindness by making it the who depository repaid the Listory City's funds in There truth this, some affair. whole the but means not by cath under officers the Bank be whole examined Let Let the of ano touching $50,000. which those were "lent missing same without of $40,000 assume just previous Mr. Pla Platt's appointment. security. There statutes on our law books which have penalties, the control over such cases, and to to prescribe remain in the Bank Not many days did the American Exchange bank cut off from position of wet-purce tothe fore the fore the Am Am-rican rican Ci-aring Exchange house Directors nutration, be their Bank, that Artisans themseive 10th carried forward tage, nection was with it rollen could at the core, and that pro. or 9,00 B satisfactory be"gement arrangement change, therefore, cut off basis. the American Ex fore as stated having be remember. tisans ;;and all this time, been it is made it is to with the Arthe institut named last it sfunds, of the have in its vacite $1,800,000 f the the City' supposed in not to speak as trustee hands the Cur additional Chambe-lain million in Court. for the Supreme where how It is bot yet known posited. this last mentioned sum is de. About had Bank be Platt, four finding or that five the that the fivedays days ago, Artisans' City Chamberlain in in its money enough posits, nor anything like coffers to pay the City deslarmed lest should be held enough, became g sponsib! for the deficiency, individually reprominent City official (DOB the called upon k needless to remark) for Mayor, must city official examined the advice whole advice and a:d. The be to the er secure taken could could only suggest that some steps matter, should but instantly the of public bis what rem advice pointing to an immediate City' transfer interests, remained Bank degood the other Bank, Artisans and a transfer of all money to securiesin some whatever d ficiete= there might make opened lain, Acting on this advice, Mr. Platt, Chamber & the to funds City's remove metce, offeting otiations with the Bank its Faults, provided or Artisans' would loan the Commerce directors of to Bank half a million to the enable a condition suspicion to make the transfer.' which is suggested by this not do than more : need a accept of Commerce replied that hint at would The Bank the provided terms, the for half nich anythin like decent Articans' security Bank could fur. Mr. million which at as stockholder Platt, anxious in to his private capacity using his official power as City protect de an effort to obtain. On this the Artisana' Chamberlain best sent up by BSSELS as Mr. Platt $650 000 $650,000 worth of its very Bank g but after due security examination for loan of $500,000 at the Bank of Commerce, this by the Directors as was prodered rejected pronounced utterly inadequate,' and security ch Upon A Park Hank, this the and with same offer was renewed to the R tation better success, that insti. tisans' together regarding the tendered assets of the PUI and million, ad the City funds, with worth the half future advantage the of of transfer $1,300,000 thereupon but sound asa regarded made. The Park Bank public money generally was s institution, re with the in connection Exchange continue Bank any longer than did the whether American Chamberls ad the funds trust As Asto the million of would hazardous to foreteli. Mr. we have Platt, no under account orders of the Supreme hands Court, ce sonalty, has always hatever. Mr. Platt, per 10 view that confess repotation but we borne high and steady Bank of this hd Artisans' much tend greatly in unfolded before us, would history us now = lieve the the mind public us to be could preme widows and Court trust funds, chiefly the security of the property orphans, on The picture picture presented in this simple established a credit public paying of hard large portion pecuniary facts, may not strike recits the IIV the Mayor Honor, able to his he

12. October 9, 1860 The New York Herald New York, NY
Article from The New York Herald, October 9, 1860

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Artisans' Bank. MEETING OF STOCKHOLDERS-SECRET PROCENDINGS--TIME ASKED FOR. The stockholders of the Artisans' Bank met at three o'clock yesterday afternoon, pursuant to notice, for the purpose of of ascertaining whether the business of the bank could be resumed, or what other arraugement could be arrived at, in consequence of the Court not having ap. pointed a receiver. RICHARD LATHERS, President of the Great Western Insurance company, called the meeting to order and assumed the chair. He alluded to some objections that bad been made to the objects of the meeting, in consequence of a feeling that was abroad that parties having no interest in the bank might be present. The meeting, however, was one of stockholders. who bad more interest in the affairs of the bank than the depositors. Of course, these latter were anxious to be paid BR soon as possible, but the stockholders were, perhaps, affected a little more. as from them payment would have to be made, and that everybody would be paid there was not the least doubt. He would call the roll of stockholders. in order to ascertain what amount was repre sented before proceeding to organize the meeting. The eraditors would, perhaps, hold a meeting of their own, but this was n meeting of stockholders, and to hoped all gentlemen who were not stockholders would withdraw. He begged, in the same spirit, to inform the geatlemen of the press that while there was no desire to conceal the affairs of the bank. yet as the meeting was one of R private nature among the stockholders, he would request them to withdraw. The doors were then closed, outsiders, including the reporters, having withdrawn. On the reopering of the doors it was ascertained that a committee had been appointed for the purpose of conferring with the creditors of the bank. in order to obtain an extension of time to settle their affairs. 80 as to avoid the expense atten last on the appointment of a receiver. The Demes of the committee were positively refused.

13. October 10, 1860 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 10, 1860

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to net deposits held by the city banks: 19% 25 People's Bank Bank of New-York 251 302 Bank of North America Manhattan Bank 22 36 Hanover Bank Merchants Bank 22 26 Irving Bank Mechanics' Bank 24 19 Metropolitan Bank Union Bank 23 Citizens' Bank 41 Bank of America 18g Nassau Bank 21g Phenix Bank 22 22 Market Bank City Bank 29 St. Nicholas Bank 23; Tradesmen's Bank 21 24 Shoe and Leather Bank Fulton Bank 14 40, Corn Exchange Bank Chemical Bank 21 24 Continental Bank Merchants' Exchange Bk 29 Bank of the Commonwealth 21 National Bank 22 Oriental Bank Butchers' and Drovers' Bk 24 21 Marine Bank Mechanics' and Traders' Bk.20 26 Atlantie Bank 13 Greenwich Bank 21 Imp. and Traders' Bank Leather Manufacturers' Bk.241 33 Park Bank 29 Seventh Ward Bank 22g Mechanics' Bk'g Associat's Bank of State of New-York.29; 25 28 Grocers' Bank American Exchange Bank 20 North River Bank 28) Bank of Commerce 23/ East River Bank 24, Broadway Bank 21 25 Manuf. and Merchants' Bk Ocean Bank 22 N. Y. Dry Dock Bank Mercantile Bank 21 N. Y. Exchange Bank Pacific Bank 32 Bull's Head Bank Bank of the Republic 21 N. Y. County Bank Chatham Bank A meeting of the stockholders of the Artisans' Bank was held at 4 p. m. to-day, for the purpose of hearing the report of a Committee appointed on Monday to investigate the affairs of the Bank. Between thirty and forty stockholders assembled at the appointed time, and remained in private session for an hour and a quarter. The Committee reported verbally through Mr. Richard Lathers, their Chairman. Mr. Lathers stated that they bad made 88 thorough an investigation as to the solvency of the Bank as they could for the time that had been allowed them. He then proceeded to give the assets of the Bank and the character of the assets. The Committee were of the opinion that if the Bank did not get into the hands of 8 Receiver they could wind it up SO as to save the expenses of a Receivership, pay all the depositors off, and have something left for the stockholders. In connection with the report, Mr. Lathers offered the following preamble and resolutions, which were adopted: Whereas, From the report of the Committee, presented to the meeting of the stockholders of the Artisans' Bank this day, is appears that the Bank has assets sufficient to meet all its obliga tions, and if a reasonable time be allowed for their collection and the collections be judiciously attended to, to make a dividend to the stock, and Whereas, If the Bank should wind up its affairs without a Receiver these results would be reached with greater certainty, at an earlier day, and without the loss or expense of & Receivership, it Resolved as the opinion of this meeting, that it would be the most advantageous course for the depositors as well as the stock. holders, that the Bank should wind up its own affairs without going into the hands of a Receiver, and, to that end, that we recommend to the officers to take the speediest measures for the realization of the assets of the Bank, and to the creditors to consent in writing to the extension of time till the 8th of January next on their claims. Resolved, That, to carry out the plan, we request the officers to make arrangements to raise immediately, from the assets of the Bank, sufficient money to pay the present pressing obligatiens. The same Committee were continued in power, to act as the representatives of the interests of the stockholders, and meetings of the stockholders are to be held at their call. Depositors of the Bank are to appear at the Bank this morning, at 10 o'clock, for the purpose of concurring in or dissenting from the above action. We annex a comparative statement of the Exports (exclusive of specie) from New-York to Foreign Ports, for the week and since Jan. 1: 1860. 1859. 1858. $2,061,717 $1,095,690 For the week $1,265,120 69,757,793 49,953,721 48,283,663 Prev. Reported $71,819,510 Since Jan. 1 $51,049,411 $49,548,783 The aggregate, it will be noticed, is now twenty milions in advance of last year. The annual report of the Concord and Portsmouth road, indicates it to be & model with no liabilities of any kind excepting to stockholders. The figures are as follows: The receipts have been: From the late Treasurer, $280.01 after payment dividend No. 1, as declared 15,500 00 From lessees of road, for rent and organization 90 00 Assessment on stock issued to James Hall $22.00 J. D. Pillow, ex Treasurer, from Col. Peirce 4 00 Old sleepers 129 20 108 00Old freight bill 15,999 21 Total receipts. disbursements. $500.00 Expenses oforganization Paid attorney's bill and printing bills: 120 60 On account Iron Loan suit 75 00 Manchester Branch 23 00 A. F. Dunlap, Railroad Commissioner 39 69 Rent of Land at Concerd to Jan. 1, 1860 Expenses protecting Spring from encroschments of 176 49 Aqueduct Company 47 14 Printing examining titles, advertising, &cc Refunded W ainwright & Tappan, S. Fairbanks and ethers, menies advanced in 1850 to cerry on enits

14. October 10, 1860 The New York Herald New York, NY
Article from The New York Herald, October 10, 1860

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The Artisans' Bank. ADJOURNED MEETING OF STOCKHOLDERS-RESOLUTIONS PASSED ASKING FROM DEPOSITORS TIME TILL THE 8TH OF JANUARY NEXT-THE DEPOSITORS TO GIVE THEIR ANSWER THIS MORNING. An adjourned meeting of the stockholders was held at five o'clock yesterday afternoon for the purpose of re coiving the report of the committee appointed to confer with the depositors on the extension of time for the winding up of the affairs of the bank, in order to save the expense of appointing a receiver. A. W. Spiers occupied the chair. Colonel Richard Lathers, from the committee, presented a report, on which the following resolutions were based, and passed without much discussion:Whereas, from the report of the committee presented to the meeting of the stockholders of the Artisans' Bank this day, it appears that the bank has assets sufficient to meet all its obligations to depositors, and If a reasonable time be allowed for their collection, and the collections be judiciously attended to, to make a dividend to the stockholders; and, whereas, if the bank should wind up its own affairs without a receiver, these results would be reached with greater certainty at an earlier day and without the loss or expense of receivership, it is Resolved, as the opinion of this meeting, That it would be the most advantageous course for the depositors, as well as the stockholders, that the bank should wind up its/ownjaffairs, without going into the hands of a receiver, and to that end that we recommend to the depositors to take the special measures for the realization of the assets of the bank, and to the creditors to consent in writing to the extension of time till the 8th of January next on their claims. That to carry out this plan we request the officers to make arrangements to raise immediately from the assets of the bank sufficient money to pay the present necessary obligations. The meeting was then adjourded to ten o'clock this morning, and the depositors specially invited to attend. for the purpose of ascertaining whether they concur with the resolutions.

15. October 11, 1860 Green-Mountain Freeman Montpelier, VT
Article from Green-Mountain Freeman, October 11, 1860

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The Artisans' Bank of Now York suspended last week, whereupon the Herald comes out with a terrible bluster about the effects the Black Republicans are having upon the finances of the City. We think the drain of specie to Pennsylvania, and some other electioneering places, has taxed this Democratic strong-hold pretty well. The newspapers of the Herald stamp will find that New York money won't hold out long enough to buy the whole Republican party.

16. October 11, 1860 The New York Herald New York, NY
Article from The New York Herald, October 11, 1860

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POLITICS AND THE MONEY MARKET.-The New York Times is very sensitive about the state of the money market, and the effect which the political situation of the country has upon it. It deprecates the idea of any alarm on the subject; but, curiously enough, while it endeavors to allay any excitement or want of confidence in one column, it fans the flames of distrust and alarm in another column by dilating upon the suspension of one of the city banks in a fashion calculated to make people very uneasy about all the other banks; for what befell one may befall all. It alleges that the bank shut up because of loans to the amount of fifty thousand dollars being made out of its capital to some politicians, and that this was the cause of the difficulty with the Clearing House. We wish the Clearing House would give us a little of the inside history of the other banks, and perhaps we would find that the Artisans' institution does not stand alone in the category of mismanaged banks. It is very funny, however, to see the Times attempting to allay the spirit of mistrust in our banking and money affairs, which the present political relations between the North and South have given rise to, by adopting the best possible course to increase it-that is, by charging gross mismanagement upon one of the banks. But that is our cotemporary's quadrilateral way of doing things-decrying the spirit of alarm in one column, and writing it up in another.

17. October 11, 1860 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 11, 1860

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earnings of the Milwaukee and Mississippi Road will give a gain of about $40,000, not $5,000, as first reported. We understand tbat the Harlem Railroad Company will increase their rates of fare to Albany to $3 on and after the 15th of this month. This is in accordance with the new arrangements made with the New-York Central Railroad. The fare will now be the same as over the Hudson River. About 100 depositors and creditors of the Artisans' Bank appeared on Wednesday morning at the office of the Bank in Nassau street, and signed the following document in reference to the extension of time of payment by the Bank, and the appointment of a Receiver: The undersigned. creditors of the Artisans' Bank, for value received, hereby consent to stipulate and agree with the Artisans' Bank to extend the tie e for payment by the Bank of the amount due to the dersigned respectively. until the 8th day of January, 1861 and agree not to make auy claim, and not to take any legal proceedin against the Bank until the expiration of too time of extension aforesaid. This agreement not to be binding in case a Receiver is appointed." The amount of money represented, thus far, by the parties agreeing to the above, is said to be more than half of the total assets of the Bank. Pretty early in the morning, on reckoning up, the sum of $100,000 was four to have been represented, and subsequently, the sum of $235,000. The receipts of the Morris Canal were: $258,504.94 Total to Sept. 29, 1860 9 989 89-$268,303 83 Week ending Oct. 6, 1860 $216,723 88 Total to Oct. 1, 1859 9,408 33- 226,132 21 Week ending Oct. 8, 1859 $42,171.62 Increase, 1860 The European news by the Africa is satisfactory to the grain and cotton markets. The weather is reputed unfavorable for the crops. Consols were steady at 93@932. At a meeting of the Clearing-House Association, called in consequence of the decease of Caleb O. Halsted, esq, the following resolutions were unanimously adopted: Resolved, That by the death of Caleb O. Halsted, esq., late President of the Manh ttan Company, we have lost 8 respected and highly esteemed friend and associate, who has long been known and honored by us for his excellence of character and sterling integrity B8 a merchant and bank officer: and this Asso. ciation bas been deprived of an efficient and valuable member, who (except for the past year) has been a p ominent member of the Committee of the Association since the organization of the Clearing-House, and was at our last meeting, held but one week since, elected Chairman of the Association for the ensuing year. Resolved, That while we mourn the loss of our Chairman, we desire to express our heartfelt sympathy with his bereaved family and relatives, in this their severe affliction. Resolved, That the members of the Association will unite in paying the last tribute of respect te the memory of their late Chairman, by a'tending his funeral.| Rosolved, That a copy of these resolutions be sent to the family of the deceased, signed by the Chairman and Secretary of this meeting. In relation to the movement in cotton, W. P. Wright & Co.'s Circular says: RECEIPTS for the week are less than in the corresponding wer k last year and the excess is reduced to 4,000 bales. Next week we shall show a decrease on last year. EXPORTS are yet light. We shall soon have more going from New Orleans, as there were at the latest dates twenty five vessels loading for Great Britsin, against eighteen last year. Very little has yet been done in Charleston, Savannah or Mc bile. STOCK-The quantity of cotton is accumulating at the ports; it now amount to 351,000 bales, being largely in excess of any previous year at same time. The following is a statement of the movement in Cotton since the 1st September last, as compared with the previous four years: 1860. 1859. 1858. 1857. 1856.

18. October 15, 1860 The Daily Gate City Keokuk, IA
Article from The Daily Gate City, October 15, 1860

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Where Nome of Douglas's Money Came From. The Artisan's Bank, New York, now burst up, was an unmitigated Democratic swindle. It was started by Democrate, and has been controlled by them, in the interest of Mayor Wood and by his aid, to provide funds for the Democratic party. Mr. Douglas bimself is said to be a large debtor, $10,000 on one note only a few days before the Bank stop ped; and these notes, unsceured, are not worth the paper on which they were written, and were known not to be when discounted. In a late examination by the clearing house dissatisfaction was expressed at its apparent condition. Loans of $40,000 to $50,000 appeared to parties whose names the directors refused to tell. Mayor Wood appointed the president city chamberlain, not long since, and he and "brother Ben" made a handsome pile out of it. By speculations in its stock, at about this time, and by speculations from its vaults, the managers have saved their own necks, throwing the loss upon poor stockholders and depositors. There isn't enough to pay the deposits into half a million.When the Bank got the million or more city funds into its keeping, it is said large sums disappeared from the coffers at about the same time. One Camp, a retainer of Wood, borrowed $40,000, bought shares of the Bank with the money, speculated on the rise, and is now a wealthy man, while the Bank is by him 80 much poorer. And this Camp bed the coolness to present bimself as the choice of the directors for receiver! The Court has very properly overruled in this and taken a gentleman who will, it is hoped, give the public the benefit of what he finds. There's a rich mine of Democratic corruption to be lican. worked here-[Springfield (Mass.) Repub-

19. November 2, 1860 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, November 2, 1860

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waukee and Mississippi Railroad Company, held yesterday, they ratified the arrangement made with the City of Milwaukee, 80 that there is now no obstacle to the reorganization. We learn that about threefourths the bonds of all descriptions have been already surrendered. The business of the Clearing House was $31,037,000. The payments at the Sub-Treasury on the ne N loan reach about $1,350,000. The Secretary of the Treasary has not yet issued his sixty day notice of the stoppage of interest on over-due Treasury notes, and it looks now as if & large amount of gold would be locked up in the Sub-Treasury for thirty days or more, through the neglect of Mr. Cobb to obtain the control of these notes in the way provided by the Act. By another neglect of the Secretary to order his inquiry in time, the Government has been unable yet to deliver to takers the Coupon Stock which they want and are ready to pay for. Such an inability to deliver stock sold, in an individual, would be considered as dishonoring. The Artisans' Bank is paying to-day 20 per cent to its depositors, and expects to pay on the 15th 50 per cent more, and perhaps the whole remainder. Mr. Charles L. Frost has taken the Vice-Presidency of the institution, and is working out its affairs with his usual successful energy. He hopes to be able to reëstablish the bank in good standing. His investigations only confirm the ground we took from the first, that there was no real necessity for the stoppage of the bank, and that ire failure was the result of a clamor against it from interested parties, against the like of which scarcely a bank in the city could long stand up. The coupons on the bends of the City of Lonisville, issued to the Jeffersonville Railroad, will be paid at the Bank of America. The coupons of the Second Mortgage bonds of the NewJersey Central Railroad are paid at the office, No. 69. Wall street. By the annual statement of the Sun Mutual Insurance Company it appears that the premiums for the year ending Oct 4 amounted to $1,625,057. The losses and disbursements were $849,439, Isaving a net profit of $283,157. A dividend of 6 P cent on out standing scrip is declared, as well as 25 P cent in scrip to the dealers of the Company. In money there is no noticeable change, excepting, perhaps, an increased supply offering on call at 5@7 # cent. We have received from Albert H. Nicolay, auctioneer and stock-broker, his semi monthly price current of stocks and bonds, giving the latest quotations of securities, and other information, copies of which can be had gratuitously at his office, No. 52 William street. We have before alluded to the case of the Commonwealth Bank of this city, which seeks to avoid taxation on $103,000 of United States stocks belongi ig to it, now in the Bank Department as security for its circulating notes. The Commissioners of Assessments refused to allow the claim of the Bank, and the result was a suit to compel them to correct the assessment roll. This was decided adversely to the Bank, at Special Term of the Supreme Court, and an appeal was taken to the General Term. Tre Judge, in delivering the decision of the Court confirming the order of the Court below, remarked "that the subject was one of very great importance, and should receive a more deliberate and careful examination than the pressure of business will permit. The case will, undoubtedly, be carried to the Court of last resort for final adjudication, and I have, therefore, less hesitation in stating the conclusion at which, upon brief consideration, I have arrived.' The gounds upon which the decision of the Court is made are these: That the Bank of the Commonwealth is created by the State, endowed with priveleges and powers, and subject to certain liabilities. That the Bank, in accepting these privileges, must take them cum onere. Tbat one of the conditions upon which the Bank is allowed to enjoy a corporate existence is that it shall pay taxes upon its capital as directed by law. The tax is assessed upon the capital stock, not upon any property purchased by the Corporation, excepting only the real estate which is liable to taxation wherever it may be, whether in this State or elsewhere. The Baltimore failures are ascribed in part to the heavy decline in Mining shares, in which description of property the speculation has been very active during the present year. The latest dispatch is as follows: The failure of Josiah Lee & Co. isa bad one. They have large deposits, which are in jeopardy. Their liabilities are probably half a million, though the extent of their indebtedness is not yet ascertained. Their assets have gone into the hands of the trustees, and there are only elight hopes of obtaining an extension. The banking-house of Appleton & Co. haspositively suspended. The excitement still continues, and stocks are much depressed." The earnings of the Baltimore and Ohio Railroad for October, are stated to be about $475,000. The excitements attending the election, as well as other causes, have confined trade in Dry Goods to a narrower limit than any previous week of the se ason. All parties prefer to await the result, although the best informed business men are sangnine that the season will open with a satisfactory trade-and that the future will be productive of good resultsto both the merchant, manufacturer, and the general industry of the country. It can searcely be otherwise, as the Western crops were never 10 abundant, and at the advance in Cotton, the crop will probably yield as much exchange as in previous years, thereby enabling the South to purchase as maly goods as may be required. The demand for heavy Domestics continues without much abatement, but export Drills are not much wanted. Printing Cloths, of favorite makes, sell readily at full prices. Bleached goods are without important change and are weekly delivered on previous orders-about equal to the production. Woolens are dull of sale. The manufacturers have already turned their a'tention to styles adopted for Spring sales, and are presenting samples for the consideration of the large distributing houses, who require confined styles. We annex our usual summary of exports of Domestie Cottons for the week ending Oct. 28, as follows: Value. Packages. 9 $1,176 To Danish West Indies 5,075 7 Bremen (Dry Goods) 356 Dutch West Indies 1,318 25 Br. Wnst Indies 115 ] Cuba(Dry Goods) 4,398 66 Constantinople 142 Hayn. 7,219 107 Mexico 4.529 17 Mexico (Dry Goods)

20. October 1, 1861 The New York Herald New York, NY
Article from The New York Herald, October 1, 1861

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The Artisans Bank. APPLICATION FOR A RECEIVER--APPOINTMENT OF A REFEREE. SUPREME COURT. Before Judge Earnard. SEPT. 30.-In consequence of the city of New York making a levy for taxes for 1860, to the amount of $12,000, on the exploded Artisans Bank, in Nassau street, the directors of the institution applied to-day for the appointment of a receiver. The order was granted and the case referred to Mr. Samuel Jones as referee. The his. tory of the bank would form a curious and instructive page of our general financial system.

21. October 8, 1861 The New York Herald New York, NY
Article from The New York Herald, October 8, 1861

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ORTGAGE SALE OF ELEGANT AND FIRST CLASS (OUSEHOLD FURNITURE M AN EXTRAORDINARY OPPORTUNITY FOR HOUSEKEEPERS AND THE TRADE. Over $5,000 worth of riels and eearly Household Furniture. This afternoon, at 2'o'clock premisely, Comprising the beautiful and costly Purplture, Carpets, Glass, China and Silver Ware contained in the large dwelling house 128 Waverly place, corner of Sixth avenue, the whole for absolute and perementory side, rain or shine, consisting of English Tapestry and Ingrain Carpets sold Rosewood Parlor Suits, covered in rich silk French byocatel; large r sewood Eregere, with mirror track and doors; rosewood Centre Tables, lour oval French Mirrors, Damask and Lace Curtains, rich China Vasca, Paintings, &c.: beautiful rose. wood Chamber Suits, imprising Bedstead, Bureaus, Wash. stand and Commode: one elegant binck walnut Suit. one Arm, one Reception, mifour medation back Chairs, covored in green silk reps: solid mahogany and black walnut Bedsteads, Bureaus, Washstands, Tables, Lounges, Sofa Reds, Mistors, Clocks, Corner Stam Shades, Chatrs, Rockers, &c.; solid track walnut Extension and Tea very time BookHair Mattresses, made to order: B and Bed ting, stands, Glass, China and Silver Ware; Table Centery Stoves, Oncloths, Chandellers, &c. By order of W. BRIED Attorhey for mortgagee. SALE-THIS DAY, AT 101/2 by BELL & INGRAHAM, in their anction rooms, 26 new Bowery, 300 lots first class Clothing, of all descriptions, for men, women and children. Also a time line of valuable Gold and Silver Watches, rich Jewelry, London Gens, Revolvers, one valuable Herring Jeweller's Safe, cost $450. Order M. MEERBACH, 433 Grand street. P LAWNBROKER'S SALE.-WM. c. HIGGINS WILL sell, at 10 o'clock this day, at Nos. 239 Spring steeet, a general assortment of ment's and women's wearingapparel, Qill ts, Counterpanes, Sheets and various other articles too numero to mention, well worthy the attention of deaders. By order of CHARLES & WM. CUDLIPP, 289 Spring street. will sell on Wednesday, October 9. PAWNHOKERS SALE-A M. CRISTALAR, AUG. at otclock, a large and general assortment of men and Women's Wearing Apparel, Guns and Pistols, &c. By order S. D. Moss, Catharine street. DAWNBROKER'S SALE-WEDNESDAY, OCTOBER 9 JOHN MORTIMER will sell, at 15 East Broadway, a assortment of silk and other Dresses, Quilte, Blankets, Pillows, and great variety of other goods worthy the attendon of dealers and housekeepers. By order of 11. BAR NARD. 21 Third avenue. T. HAZELL, AUCTIONEER.-WHITTEMORE & R. 11A ETU will sell auction this day (Tuesday), at 101/4 b'clock, at salesroom 158 dway, HARDWARE, CUTLERY, &C., Comprising a general assortment of heavy and shelf goods, Pocketknives on cards, States, Axe Handles, &c., &c. Also, an invoice of S. Hamm reand Hatchets, Chisels, Cleaveis, Drawingknives, &c. EVENTH FALL TRADE SALE OF HARDWARE.S JOHN E. VAN ANTWER! S SON, auctioner, will seil, on W y, October 1561, at 10 o'clock, at the salesroom, 73 William street, six hundred lots English, German and American Hardware, Callery, &c., embracing part of a jobb of selected goods, comprising Table and Pocket Catlery, Presing Knives, Sheers, Tool Chests, tinned iron and Brit ania Tea and Tab Spoons, Basting Spoons, Tea Traysi and in sets, Shot Pouches, Powder Flasks, Nail Hammers, powter Cocks and Faucets, Brittania Soup Ladles, Pocket Corkscrews, Chai Dog Collars, malleable Rein Snaps, English Bedscrews Mason S Blacking, steel Watch Keys, Hair Pins, silver Péncil Cases, German silver do., hard frame School States, Young's patent do., patent leather Tape Lines, tinned patent metal Suicepans, tinned sheet iron Teaketiles, porcelain Preserving Kettles, English and German single and double Guns, Shovels and Tongs, &c. also English and American Padlocks, Morrice and Rim Locks, Front and Store Door Locks, Latches, &c., Till, Chest and Cupboard Locks, brass and iron Hinges, Gate Hinges, Pam. mers, Sash Weights, Edge Tools in variety, &c. Torms, four months credit. & J. BOGART, AUCTIONEERS-OFFICE NO. 1 NORTH S. William street.-Constable's sale. By virtue of a warrant to me, directed by James Kelly, Receiver of Taxes for the city and county of New York, I will expose for sale on Thurs. day, the 10th day of October, 1861. at 11 o'clock in the fore. noon, at 117 Nassau street, all the Furniture and Fixtures of the Artisans Bank, consisting of Counters, Desks, Tables, Chairs, Stools, Gas Chandelie and Fixtures, Bank Vaults, Iron Safes, Carpets, Oilcloth, &c. JOHN H. HILLIER, Constable. & J. BOGART, AUCTIONEERS.-WEDNESDAY S. Oct. 9, at 101/1 o'clock. at the auction rooms No. 1 North William street, Household Furniture, Safas, Tables, Chairs, Lounges, Carpets, Bureaus, Washstands, Bedsteads, Beds and Bedding, Kitchen Furniture, ecc.

22. October 10, 1861 The New York Herald New York, NY
Article from The New York Herald, October 10, 1861

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&J.BOGART, AUCTIONEERS-OFFICE: NO. 1 NORTH S. Williamstrect.-Constablo's sale. By virtue of a warrant to me, directed by James Kelly, Receiver of Taxes for the city and county of New York, I will expose for sale on Thursday, the 10th day of October, 1861. at 11 o'clock in the forenoon, at 117 Nassau street, all the Furniture and Fixtures of the Artisans Bank, consisting of Counters, Desks, Tables, Chairs, Stools, Gas Chandellers and Fixtures, Bank Vaults, Iron Safes, Carpets, Oilcloth, &c. JOHN H. HILLIER, Constable.

23. February 24, 1862 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, February 24, 1862

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DISCLOSURES IN REGARD TO THE AFFAIRS OF THE ARTISANS' BANK.-The affidavit of the late President of the Artisans' Bank, asking for a dissolution of the institution, shows the investment of about $100,000, chiefly for "political purposes," and mainly in the City Hall, New-York-the object being ostensibly to get the city deposits. There are $26,000 more in dispute, claimed by Mr. George Platt, the security and brother of the late Chamberlain Platt, which $26,000 seems to have been also distributed for "political purposes." West gold there was in the Bank at the time of the excitement about it, amounting to $70,000, was withdrawn.by Platt and certain Direct tors to purchase the stock of the Bank in Wall street, in order to keep up the Bank by saving its stock from depression-which $70,000 was all lost, as the stock was good for nothing. The political disbur-ements of the bank are stated to be 88 follows (mainly through Mr. Cowan, $ Pennsylvanian of some note, who, it will be recollected, some years ago sold Pennsylvania lauds to Ole Buli): $15,000 Cowan 00 a Kinner's notes and checks 8,500 Stephen A. Dougins N. C. Platt, in bank bills, disbursed at the City Hsll, 25,000 for which & bega. note was given Edward J nes (note on demand which he reports dis. 35,000 bursed among he Aldermen) 2,500 Small hotel notes. good for nothing 10,700 Given Bea Wood on . bagna note l'o Edward Jones, on aclaim against the Court of Come 3.000 mon Pleas, good for nothing $99,700 Total Within a few days the Controller of the State has appointed as Receiver Henry C. Tanner, late Teller of the Bank, which appointment meets the approval of the stockholders. Some idea may be formed from this expacé of the profits made by corrupt members of the Common Council who in common parlance are designated 'The Rieg."

24. February 17, 1863 The New York Herald New York, NY
Article from The New York Herald, February 17, 1863

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AND BANK. RECEIVER'S SALE. undersigned, Receiver of the Artisans' Bank of the New York, in pursuance of an order of the Supreme the State of New York, granted on the 24th day of 2, will sell at public auction on the twentieth (20th) larch, 1863. by E. H. LUDLOW & CO., auctioneers, Ierchants' Exchange salesroom, in the city of New Y.. commence ng at 12 o'clock. noon, the following I Real Estate formerly belonging to the said Artik E n