The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-01-18

Great Bank Riot In Csmeinnnti--FOuTs hi"
Plaster Bsrks Torn Down-Ter7,bso "a
OF Things.
We have just received, by our letters and paper
from Cincinnati, an accoun, of a terrible Bank re
in Cincinnati, and Tire destruction Of four Shin Fla.
ter Banks. with the calling out Of the military, an
ahe consequences of the riot
The Causes of this sudden outbreak are deiaiie,
at length in the annexed letters and extracts.
FINS Is but the commencement ds fin, in the ras
cay,' swIndling, cheating shaving, shinplaste
banking systematic coon skin, red dog and crack
er currency OF the present age. We deprecat,
moDs-and eEsutes OF all kinds-but the indipna
| ZION oil cheated people cannot stand every thing
Inc country has been cheated too long b,
these ssxnplaste1 concerns. We have done all tina
man cou'ddO, tcpreserve this city from the frauds
disrepSsable curency-from being shaved bv such
concerns as the Jacksonville Bank-the Montreal
Union BaAlS-the Old Town Bank-,he Ulster Bank
ana similar nstitusions-and we believe we have
succeeded, and thus preserved public orderin New
York. In Cincinnati and other cities /. res,s.,,
press has permitted these inanc;ers 10 ersc, ,h.;,
shops, and to grow TO crisis that leads 10 sueb de-
plorabe outbreaks as we have to record to. lax.
Protect all honest banks-bus down with an sh.
wing concerns.
From the Cincinnati Ensuirerl
CINCINNATI
Tuesday Jan. IL, 1870
Miami Exporting Company Bank-CSncsn.
natl Bank-Great Excitement, Riot. Isc.
The Miami Exporting Company Bank, yesterday
refused payment OF its paper, and closed Its doors
before the usual time oil closing business for the day
This morning the paper of that and the Cscipnat
Bank was refuked in market. The former remain.
ed closed: and run was commenced upon the lat
Ter, wheu notice was p sled upon the door in the
following words" This bank has suspended for
t,centy days" An effort was simultaneously made
to close the doors OF the bank but the crowd which
had become by this time, large, prevented and rush
ca, demanding redemption OF their paper.
The persons in the Bank, fearing for their own
personal safety, aad finding il impossible to with
stand the run, run themselves leaving the premi.
ses altogether in possession of the crowd, which
was constantly increasing both in numbers and ex.
cuement. The furniture, counters &C., of the con.
Germ were now laid hold Of and thrown into the
street, where they were mostly broken up. We saw
one individual with the top OF book case on his
shoulder and couple Of chairs in his hand. moving
WHEELS, he replied "yes," he supposed so. Papers.
vouchers, blanks, books, &c. were torn in pieces
and trampled under foet, with degree of excite.
ment and indiscretion which nothing but sense
ment, (hafpast nine) an effort is being made to
break into the vault or safe. The crowd is large
and under great excitement. The Sheriff. Mr..
Avery, went into the mist and made an effort
into the street The Miami Exporting Compa.
ny Bank, standing only two doors above, is bar.
red and bolted, and some wag has written on the
door, poor old co,c." Lougee, upon the oppo.
sl;e corner, has shut up, from apprehension, as
many say, Of violence-others, from inability to
pay. The Exchange Bank is open and paving
Ten O'cLocK The crowd having completely
I rddied the Cincinnati Bank, broke in the doors Of
no 4 ANIL vvN H~s,x
similar process The mass OF the excited people
has been steadily increasing. Main street from
Third half way up to Fourth, Is literally blocked up,
ana an there are many at the corners Of Third The
tie of value left in it by the managers. Its books
and ether valuabes had most likely been removed
OF specie and other bank paper there was probably
no occasion for removal. We saw blank cheeks
but they were all blank-bubbes merely.
The Exchange Bank is still open, and paying.
We learn that demands have been made of MI
Bates at this Bank, for the redemption of West
Union papeer,-which have been complied with
some efforts to quell the disorder, but whether any
persons have been arrested, are unable to saw.
We hear no sympathy expressed in behalf of the
sufferers, among the bysanders.-The public mind
is 80 completely outraged by the fraud and plumber
Of worthless banks, that even violence and riot is
looked upon the lesser evil. This is truly deplo.
rable state of things
IL ocLocK.-An effort has been made 10 dispense
the crowd by reading the act, and otherwise in
ducing them 10 dispense. So gre at was the camor
and confusion, however, that the attempt utterly
Jailed, and these engaged In 1t were compelled to
leave the ground, having been somewhat roughly
handled portion OF the Citizens Guards"
few fire men TO the place. and took possession of the
buildings after some resistance. Blows were freely
exchanged with the crowd, and several shots fired
by the military 1t is stated that one has been
rlzt ol.r,p Is g. =
persume to bring the whole of the fire corps together
Such are the deplorable consequences of the fraud
and wrong that the whole community have suffered
by means OF shinplasters In the excitement of loss
and suffering, the laws are trampled under foot
property is destroyed and perhaps life lost. We
much fear that the end is notyet.
We earnestly entreat the good people who may
have been concerned IN these dlsordery proceedings
To desst-to regard the laws-to respect the authO
ntes.cto retire peaceaby to their homes, and set
gressons OF order, as well by means of the issuing
OF shlnplasters as the resort TO violence in their sup
preston; What is gained by such proceedings
We impore every reasoning individual to put this
question to himself The property, books and vouch
eIs Of these banks have, to great extent, been de-
stroyed it may be utterly impossible in conse-
quence, tor them to pay any portion Of their notes
whereas, something might have been realized
Blows, wounds. have been inflicted, WHAT HAS
BEEN GAlNEDl Admit that you have been
wronged, defrauded, outraged, are you addressing
yourselves Are you rlghting your injuries by these
means! Are you not rather destroying the protec-
ton OF your own property-ths protection of the
laws, and giving countenancc and support to spirit
that regards neither property, law, nor life
We have penned the above paragraphs in haste
At this time Gone ocock) it is asce.iained that one
man has had his leg broken. and one or two others
slightly wounded-no one killed. Ii Is stated that
the crowd have possession Of the buildings. The
Exchange Bank has been taken posse of and
completely rddled, after the fashion Of the others
We have not learned whether it had stopped pay
ment or not The Mechanics and Traders Bank
still continues payment Ii is said have but lutte
paper out. Attempts are being made TO get out a
strong force of the military and dsperse the crowd
but such is the feeling among those who compose
the military, that we know not how it is 10 be done
Apprehensions expressed Of further violence to.
night, which we trust may prove uniounded AT
present, however, the multitude appear to have
complete control.
HALrPAsr ONE office of Lougee Il Co.
has been broken omen and Quilted The crowd has