Plymouth advertiser. [volume] (Plymouth, Ohio) 1853-1988, 1854-10-27
The Failing Banks.

rtAAtihShA VI AaAS AaiAhA@ N%'.f - '--fl
showing a very safe state Of Affairs in that
institution, and remarks
"While we know nothing Of the insti-
tuition except through the showing which
il makes, and the character Of some OF its
stockholders, we have no reason TO sup
pose that we are in possession Of less in
formation than those who are cndeavOring
to do il an injury. An amount OF assets
equal TO one dollar and twenty-scven cents
for each dollar of its circulation is not a
very bad state of things, certainly. We
do not present ourselves as endorsers OF
the solvency Of this or any other banking
institution, but we should be sorry at this
time of pecmiary oppression, to see the
mitchell aggravated by an unjustifable
suspicion of any concern whatever.
OF the Kentucky Trust Co. Dank at
Covington, the same paper says
This institution, closed its doors yes
terlay morning. The public generally
have been taken by surprise, though there
are many who seem to have anticipated
the failure. For many months the amount
of paper presented for redemption has av-
oraged about $4,000 per week, which, at
the usual high price of gold for some time
passed, absorbed nearly the whole profits
of the hank. 1t is thought by some that
the bank will he able to meet its liabili-
ties: by others it is considered complete
failure. We saw some of its money sell
ling for 80 cents in Covington, soon after
the failure, which, at least is an indication
that some of the people there have full
confidence in the ability of the institution.
The bank has a circulation of $500, 900, a
considerable part of which has been put
out but recently.
Speaking of the present state of Banks
and money matters generally, the Sandus
ky Register says:
"There can be no doubt but that the
public mind is unnecessarily excited about
the Indiana currency The issues of the
Free Banks are secured on what are con-
sidered good public stocks, and these Sc
curities if not forced on the market IN an
manner are unquestionably suf-
ficient to redeem the issues with small loss
to the public, a panic forces the issues
and the securities on the market, and the
labor of the country suffers the loss.-
Those papers, which are busy stirring up
this monetary excitement, should think of
the ultimate effect of these excitements ere
they launch out upon their ill-considered
crusade against the banks"
The following is a list of banks that
have bursted within a short time past:
Patchin Bank, Buffalo.
Farmers and Mechanics Bank, OswcSo.
Farmers Bank of Canandaigua.
Dovers' Bank, Ogdensburg...
Bank of Carthage.
Farmers and Merchants Bank, Md.
Bank of Milford, Delaware.
Farmers and Merchants Bank, Mem
phis,
tiassillon Bank, Ohio.
Ohio Savings Institute, Tif1in.
Cochituate Bank, Boston,
Bank of West Killiagly, Connecticut.
Eighth Avenue Bank, New York.
Bank of Ellsworth, Maine.
Elkhart County Bank, Indiono.
Bank of Northern Indiana.
Bank of Washtenaw, Michigan.
Erie and Kalamazoo Bank, Michigan.
Kentucky Trust Co.
Newport (Ky,) Safety Trust Bank.
Savings Bank of Cincinnati.
The Bank of Connersvillc.
The Washington Star cautions the pub
lie against the reception of the notes OF
the Arlington and of the Farmers and
Mechanics Banks of Washington. Both
are worthless, being mere bogus machin-
cry started there for the purpose of flood
ing the country with their irresponsible
issues.