The Bank Petitions and Why They Fail the People
A Columbus copied petition seeks extension of the Partners and Mechanics Bank charter. It reveals the bank's desire to further enrich stockholders who enjoy guarantees while others bear debt. Six proposed conditions back six reasons. the article urges scrutiny before extending privileges that burden the public.
MENTIONED IN THIS ARTICLE
Columbus
Partners’ and Mechanics’ Bank
Steubenville
Farmers’ and Mechanics’ Bank
Bank Stockholders Face Risk for Bank Profits Becomes Law
A historic shift ends the railroad of risk and profit in banking, arguing people should bear the risk of bank profits as stockholders bear the rewards. It contends that swindling banks plunder the public, and stockholders must be liable for losses on bank notes.
Miraculous Escape On Flooded Creek Mail Stage
Early yesterday morning a mail stage en route to Pittsburgh overturned while crossing Harmons creek swollen by heavy rains. Passengers escaped, two ladies rescued by the driver, a gentleman saved himself, horses drowned, mail recovered later that day, letters and newspapers mostly undamaged.
MENTIONED IN THIS ARTICLE
Pittsburgh
Harmon's Creek
Roberts
Bank stockholders oppose individual liability claim
Bank stockholders argue against liability for bank debts, while public records show seven banks with large note circulations failed, inflating losses to nearly one million dollars. The 1841 report cites failures like Miami Exporting, Bank of West Union, and others, highlighting growing costs to the public.
MENTIONED IN THIS ARTICLE
Miami
Siteulesion
Bank of West Union
Bank of Gallipolis
Bank of Steubenville
German Bank of Wooster
Farmere
Bank of Canton
Manhattan Bank
Stockholders blamed for bank failures and fraud losses
The Statesman notes double circulation of bank notes and asserts stockholders received value for notes and collected interest in advance, while borrowers lost nearly a million dollars. It argues stockholders would pay the debt if liable, yet they discharge and repudiate, with four million dollars in state bank assets prompting calls for individual liability.
Six Conditions on Bank Charter Drawn as Public Interest
The article examines six proposed conditions tied to extending the Farmers' and Mechanics' Bank charter. It critiques each point, noting that current privileges allow debt limits far beyond capital and that liability for directors is limited, leaving the public exposed if the bank fails. It argues the measures offer little real protection while enabling substantial note issuance and risk.
MENTIONED IN THIS ARTICLE
Farmers’ and Mechanics’ Bank
Banke Tor
Lowe
Bank Charter Reform Debate Presses Liability and Safety Fund
The article denounces a bank charter petition, arguing stockholders must be liable for bank debts and a safety fund is needed. It condemns the petition as deception and urges adoption of three reform principles: stockholder liability, a prompt safety fund, and forfeiture for abuse. It criticizes Democratic expectations for better governance.
MENTIONED IN THIS ARTICLE
Democratic Party
Our State Legislature and the anti bank democracy cry
The New Lisbon Patriot denounces the bank system. It praises bills by Taylor Hatch and Byington as steps toward ending banking oppression. It warns no act can truly relief until the current rotten system is destroyed and bank notes are eliminated. Citizens, laborers, farmers urged to resist bank suspensions and delusion.
MENTIONED IN THIS ARTICLE
Democratic Party
Legislatme
Taylor
New Lisbon
Advertising proves value to merchants and manufacturers
A discussion with local merchants shows those who advertise widely report business growth, some claiming dramatic increases. The trend favors enterprising traders over wary traditionalists, with anecdotes of customers drawn by ads covering advertising costs.
MENTIONED IN THIS ARTICLE
Alere Warth
Lamber
Petition for extension of Farmers and Mechanics Bank charter Steubenville
Jefferson County citizens petition Ohio legislature to extend the Farmers and Mechanics Bank of Steubenville charter with conditions. They demand solvency safeguards a safety fund of 500000 dollars, cap on dividends, restricted director indebtedness, and mutual note acceptance among banks. They argue banks are indispensable and fear economic disruption if withdrawn.
MENTIONED IN THIS ARTICLE
County of
Jefferson
Ohio
Farmers’ and Mechanics’ Bank of
Farmers’ and Mechanics’ Bank of Steubenville
Senate
Thomas J. Morgan
Congressional clash over petitions to dissolve the Union
On Monday January 24 1842 House members debated a petition from forty Haverhill Massachusetts citizens urging peaceful dissolution of the Union. The session also touched on the Bankrupt law repeal and a respond-to-petition resolution targeting Mr Adams for presenting the inquiry.
MENTIONED IN THIS ARTICLE
HOUSE
Adams
Haverhill
Congress
Gilmer
Adams and Senate Proceedings and a New York Murder Confession
The Senate debates constitutional rights, the Adams treason matter, and a bankrupt law repeal vote. Benton argues the bankrupt law fails public debt principles. Adams censure resolutions are laid on the table as the Treasury note bill passes 101 to 100. Joan C. Cour, who killed Adams in New York last September after a ten day trial, confesses.
MENTIONED IN THIS ARTICLE
Marshall
Adams
House
Senate
Benton
Joan C. Cour
New York City
The Currency and Bank Note Debacle in Granville
A long notice lists banks across Ohio with notes on current or counterfeit status, revealing a liquidity crisis at the Granville Bank after an 80 day run. It names many banks, failures, and suspensions, plus a local notice from ODbrecht about prices and equipment.
Delinquent Lot Notice From Local Authority
A fragmented notice provides details of a delinquent lot action from a local authority. The readable portions mention parcel identification and the intent to enforce sale or transfer under applicable statutes. Names and exact parcel references are unclear due to OCR damage. The notice hints at steps to be taken and potential deadlines, but specifics are unreadable.
Notice of liquor license application in Steubenville
Notice states subscriber intends to apply to the Town Council of Steubenville for license to sell ardent varions and malt liquors in less than quart quantities. John Atiktn, February 5, 1842. Also mentions financial notices seeking funds in Illinois and Granville with references to James Doughertys Cheap Cash Store and James Dovenrrry, February 5, 1942.
MENTIONED IN THIS ARTICLE
Steubenville
John Atikitn
Hlinois
Granville
Farmers Bank of Canton
James Doughertys
Secon
James Dovenrrry
FMSE
James Dougherty
William Dougherty
Also Mentioned on This Page
the American Union
Steubentille
Wilson Shannon
Hawke
Dollere
Our State Legislature
House OF Representatives
State OF
Congressional
Gilmert
Adame
Wise
Granville Bank
Illinois
Bank of Cleveland
Cleveland
Bank of Circlevile
Circleville
H. Lawrence
Bank of Circleville
H. H. Warren
Dechiee
Bank of Chillicothe
Chillicothe
Bank of Geauga
Painsville
Gallipolis
Bank of Hamilton
Hamilton
Bank of Massillon
Massillon
Bank of Mansfield Mansfield
Bank of Marietta
Marietta
Bank of Mount Pleasant
Mt.Pleasant
Bank of Norwalk
Norwalk
Bank of Sandusky Sandusky
Wooster - Geauga Insurance Co
Painsville - Hamilton & Rossv
Man’g Co
Jefferson Bank
New Salem Kirtland Safety Society
Kirtland
Lebanon & Miami Expo
Lebanon & Miami
Bh Co
Lancaster Ohio Bank
Lancaster
Muskingum Bank
Putnam
Manhattan
Miami Exporting Co
Cincinnati
Mechanics’ Saving Institute
Ohio Life Ins. & Trust Co
Cincinnati On Creek Bank
Mt Vernonfail
Orphans’ Institute Bank
Fulton Stark Co, Orphans’ Institute
Fulton Urbana Banking Co
Urbana Washington Bank
Miamisburg Western Banking Co
Western Reverve
Warren Ween. Res. Farms
Bag Co
Brighton Frei
Zanesville
Odbert
Marshalsa Fof I
Philip Ross
Abraham Robert
Arthurs Robert R and C's
Martha W
Brashears T. & B. Steubenville
Holdship
Edey John Wright
Fulton William H Ross
di Hamilton Thomas Datley
Same McMurry
Same Murry
Hyde Widow Ross
R&oo
Hinds Hugh
Irwin William
Jordan Charles Carr
Jodkine Anderson
Heis Steubenville
Kinsey Stephen
Murry
Seaport
George Dickinson
Laughlin M. M. Orr
Little James Viers
Same Dickinson
Little James & Co
Mary Edward Steubenville
Malber Luke Steubenville
Same
and K
Malber Samuel
McLaughin
Wm. Sceubenville
Mary James K
McCray Robert Viere
McGuire Leah Stokely
R and Orr
Milligan John
Nixon John Viers
Nedlock John Stokely
Porter Jonah Wrights
Welle
Quimby Thomas J
Sieubenville
Russell Philip
Robinson G. W Vo
Chev
Rainen
James Howe
Eaene Ali Miele
Mathew Piekimeon
Omer Ates
Mietely
Prentimern
Amuel Wilson
Ss. W. Steubenville
James McNary
Wayne Township
Jefferson County
Tradt
Cross Creek
Samuel McNary
Matthew McNary
Isiaie Creek
Philadelphia
AW Adams
C. C. Walcott
James Turnbull
A. W. Adams
James ‘Turnbull
Walcait
Dave
Iki Loco
Tesume
W. Aroma
MO. K. Sutherland
MIE
William Elliot & Co
Geo. Hogg
John Hogg
William Elliott
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!