The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1854-11-15
eo,NerGolNeu COVE II,

0A
any quantity of Bank failures. 1t seems
as if every Bank upon which a run "is
made, breaks. All that's necessary is
to look into them, and they bust up "
instantcr. The following private bank
ing houses have failed since our last issue
C1NcINNArI-McMicke s. Co., Smead,
Collord s. Hughes, Ellis s. Sturges and
T. s. Goodman s. Co. These bankers
all promise to secure their depositors,
principal and interest, and claim to have
stopped payment for a few days only.
The most intense excitement prevails in
the city, and a general "run has been
made on all the depositing banks.
PrTsBUReH-Hugh D. King, banker,
failed on the 9th. Great excitement in
the money market. fq-
BUrrxLo-Robcrt Colds Exchange
Bank gone. Commercial circles very
blue. Lidr8 ~
In addition to these private failures,
we have the following Banks of issue, in
which our readers are more deeply inter-
ested: Is
The Pickatcay County Bank, Cir
cleville, stopped payment on Wednesday
last. The Cashier says they were com
PEELED to stop on account of the course
which the Chicago, Cleveland. and Gin
cinnati Brokers pursued towards them.
He says, further, that the Bank win re-
deem every dollar of its circulation. Its
circulation is secured by State Stocks,
1t is worth seventy-fve cents on the dol
lar at home. 5@a
The Clinton Bank Of Cozuau5us has
had quite a " run ;" and is considered in
a very ~precarious condition. 1t is re-
fused on deposit here, and we advise our
readers to keep cIearofit for the present.
The CRY Bank Of Cohxna5us, to the
surprise of every body, stopped payment
on the 10th. This Bank was considered
one of the safest in Ohio, as it had a large
amount of the City and Township funds
deposited with it, besides the proceeds of
the late State Fair. Its notes are Sc
cured by State Stocks.
BEcKE's Msansi KaAey Bank, Day
ton, has also failed. Mr.. BEcKEL is re-
presented as being principal owner of
several Turnpikes, is a heavy stockhold-
er in numerous Rail Roads, and owns a
large amount of Real Estate. It is said
that he is good for all his liabili-
ties. The notes of this Bank are se-
cured by State Stocks. BEcKEL also
WINS the Wayne County Bank, of Indi-
ana, so look out for that ! @
The Canal Bank Of CleveAand, went
by the board on Thursday. Italso was one
of the State Stock Banks. Ithas closed
down on its depositors to the tune of
o,te hundred and eighty thousand dol
lars! It will continue to redeem its
notes SO long as its specie lasts, When
that fails, it proposes to exchange the
redeemed notes for Stocks in the hands
of the State Auditor. These Stocks
will then be sold at par if they can, and
the redemption of the notes continued.
We here give listiof all the Ohio
Banks whose circulatiens are secured by
State Stocks IN the hands Of the auditor.
So long az, our State Stocks are worth
their face, the notes of these Banks will
be good, break or no break. s9g -as
Bankgof Commerce, Cleveland;
Bank of Marion .'i AL9l'
Bank of Geauga
Canal Bank of Cleveland; e5ae sai
City Bank of Cleveland; .n1i
% City Bank of Columbus rs.
City Bank of Cincinnati ~
Commercial Bank of Cincinnati;
Champaign County Bank, Urbana
Franklin Bank of GAINESVILLE;
Franklin Banko of Portage County;
Forest City Bank, Cleveland
Iron Bank of Ironton
Mahoning Co. Bank, Youngstown;
Merchants Bank of Massilon;
Miami Valley Bank of Dayton ;biR
Pickaway County Bank, zCircleville;
Sandusky City Bank ;;
Seneca County Bank, Tifhn
Springfield Bank; Il 10 a ~ ,sas
Stark County Bank, Cantoni
Union Bank, Sandusky City.
Western Reserve Bank, Warren;
The reader will perceive that the above
named five Banks which have suspended
payment, are included in this list. If
any of our readers have any of the notes
of these Banks in their possession, we
would advise them not to part with them
at much of a sacrifice. They are amply
secured, aud the Banks have only stop
ped payment because they are unable to
pay their depositors. Let it also be
understood that the above list contains
all the Banks in the State whose ~circula-
tions are secured by State Stocks, and
that all others are doing business upon
private capital alone. Let every man
cut out this list and paste it in his hat.
We would advise our readers to pay
strict obedience to the Small Note Law.
Don't take a single dollar of foreign bank
paper, if you would be safe. Ohio mon
ey is as good, if not the best, We can get.
IT r. D. BoIcE advertises a new
lot of Hardware. RoBERT is an enter