Ohio Banks Converge on Currency Stability Policy
A June convention of Ohio banks, led by R W McCoy and W B Hubbard, seeks to stabilize currency amid loan and note issues. They adopt measures to preserve specie payments, exchange at par, share bank statements every sixty days, and report on debts totaling about 9.07 million with ready funds of 17.72 million.
MENTIONED IN THIS ARTICLE
Banks of
Ohio
Columbus
Franklin and Clinton
Bank of Xenia
J. Hirlin
Norwalk
J.R. Finn
Sandusky
O. Follett
Zanesville
C. C. Gilbert
Bank of Lamilton
Jesse Cor
Bank of Cirelecille
J. Olds
H. Lawrence
Bank of Mooster
B. Bently
Bank of Chillicothe
J. Woodridge
C. Wallace
Commercial Bank of Scioto
H. Buchanan
Western Reserve Bank
J. Hickox
Bank of Dayton
J. Perrine
Bank of Massilon— Skinner
Granville Bank
A. J. Smith
T. P. Handy
W. B. Hubbard
St. Clairsville
Cleveland
J-Hirlin
Nenza
Press
J. Delafield
Scery
West India Squadron Sail Date For Gulf of Mexico
Pensacola May 22 reports the West India Squadron led by the frigate Constitution will sail May 25 for the Gulf of Mexico. Ships Concord Natchez St Louis and Boston along with submarine Gram pole accompany the squadron.
MENTIONED IN THIS ARTICLE
Naval
Pensacola
West India Squadron
Constellation
Concord
Prospects and politics of resuming specie payments
The article analyzes relief options for the money market, predicting banks cannot resume specie payments for at least six months and possibly longer. It favors a national bank as the likely remedy, notes opposition from The Globe, and discusses Congress’s early session and public sentiment amid banking turmoil and specie draining to Europe.
MENTIONED IN THIS ARTICLE
Ohio
Bickner
Congress
Globe
U. States Bank
Congres
Financial distress blamed on administration and banks
The Globe and other papers deny responsibility for the downturn, while citing widespread suffering across laborers, clerks, and trades in cities like Philadelphia. The piece mocks the administration’s claims about Deposits and Whig banks, and notes ruinous economic signs in New York and nationwide, with references to experiments and currency woes.
MENTIONED IN THIS ARTICLE
Globe
Leetle Corned
Arrah
New York Era
Philadelphia
United States
Amos Kendall
Reuben M. Whitney
Levi Woodbury
Treasury
Messrs Wise and Peyton
Editorial War of Words Between Whigs and Experiment
A heated exchange denounces the Experiment editors for broad attacks on the Whigs. The writers insist on naming individuals, cite quoted phrases as proof, and accuse the paper of moral turpitude. They defend accuracy and criticize support for treasury bank ideas.
MENTIONED IN THIS ARTICLE
Andrew Jackson
Globe
Josephs
New York
New Hampshire Patriot
van Buren
United States’ Bank
Pennsylvania
Dwtle Reflector
Globe and Hemisphere
Treasury Bank
Treasury
Wurthe
Grees
John A. Bryas
Also Mentioned on This Page
Mowday
Trespar
Hubbard
Olds
Corwin
Hamilton
Commercial Bank of Cincinnati
Lafayette Bank of Cc
Urbana Banking Co
Farmers’ and Mechanics’ Bank of Steubenville
Farmers’ Bank of Canyon
Bank of Geauga
Ai Depasi
Hisaer
Dex Usi&s
Bank
Comtal
Billy
New York Evening Star
Mir van Buren
Kendall
Woodbury
Blair
Europe
N. York, &c
England
United States Treasury
N. York
Jackson
United States Bank
City of
William
Travis Dwine
Metroapolis
Anpann Jackson
Webster
Louis Ville
Terbecue
Wrebsters
Lengua
Woriaik
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!