Suspension of Specie Payments Shocks 1857 City
The notice reports a general suspension of specie payments by banks north of the state including the United States Bank. No public disturbance occurred, but two New York regiments were ordered out as a precaution. Money markets rallied, United States Bank stock rose from 93 to 110, specie premium 10 to 12 percent. President Van Buren's forthcoming message is noted.
MENTIONED IN THIS ARTICLE
Congress
United States Bank
New York
van Buren
Proclamation for Congress to convene in Washington
A proclamation states a special occasion requiring Congress to assemble in Washington on the first Monday of September. It directs Senators and Representatives to meet, receive communications, and consult on measures for the welfare of the United States.
MENTIONED IN THIS ARTICLE
Congress of
United States
City of
Washington
Congress
U. States
Banks suspend specie payments in North Carolina crisis
The Raleigh Standard reports orders from the Raleigh bank to suspend specie payments, noting North Carolina banks hold substantial specie reserves. It predicts other banks may suspend to stabilize business as other states redeem notes. The piece also notes government plans to demand specie for duty bonds are impracticable and cites New York papers on Treasury guidance. Norfolk Herald.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
New York
Raleigh Standard
Secretary of the Treasury
Washington
Norfolk
Specie Payments Policy for Post Office Department
The Postmaster General states that future claims against the department will be paid in specie or equivalent. If banks suspend payments, the department will soon be prepared to pay in specie all just claims against it.
MENTIONED IN THIS ARTICLE
Post Office Department
United States
Van Buren Letter to New York Committee on Economic Policy
President Van Buren declines to endorse the New York Committee's critiques and outlines ongoing investigations by the Treasury, including power of the Executive over fiscal matters and timelines for reports. He cites Parliament delays, notes relief measures for mercantile interests, and defends the non immediate repeal of the specie payment order amid a difficult political climate.
MENTIONED IN THIS ARTICLE
van Buren
New York
Washington
Gentemen
Treasury
Secretary of the ‘Treasury
Congress
M. van Buren
Isaac S. Howe
James W. Bryan
Benjamin Loder
Alexander B. McAlpin
Joh A. Underwood
Thomas ‘Tile
War risk tale from Mexican coast on American ships
An Express Mail report recalls a potential Anglo American conflict near Metamoras involving seized American schooners Leonidas Champion Julius Caesar and others. The Natchez demanded release, fired a warning shot, and captured the brig Climax after a brief exchange of fire. The incident prompted embargo chatter in Tampico but no settled action.
MENTIONED IN THIS ARTICLE
Mexico
New Orleans
United States
Metamoras
Leonidas
Champion
Julies Caesar
Texas
U. S
Natchez
War Farmer
Bravo
Pensacola
Tampico
Movement of Troops to Camp Sabine Amid Texas tensions
The U S Quarter Master moved three regiments and six artillery companies from Florida to Camp Sabine on the Sabine River. The motive is unclear but may relate to tensions with Mexico and preventing desertion in the South. Reports claim about 2000 people, including half enslaved, are moving toward Texas with their enslaved workers, fleeing debts and ruin after land speculation collapsed.
MENTIONED IN THIS ARTICLE
U. S
Florida Service
Camp Sabine
Sabine River
Sabine
Natchitoches
Texas
New Orleans
Florida correspondent credits Jesup in Florida campaign
From Black Creek May 3 a Savannah Georgian correspondent reports Indians arriving slowly but steadily and peace is permanently restored. Gen Jesup's campaign conduct is praised for discretion delicacy and generalship, earning thanks from Floridas people for achieving what predecessors could not.
MENTIONED IN THIS ARTICLE
Florida
Black Creek
Jesup
Seminole Chiefs Oseola and Philip Surrender
Reports from Georgia state that Seminole chiefs Oseola and Philip with about 800 Indians surrendered themselves to Union authorities. The move marks a significant development in ongoing tensions and promotions of peace talks amid the war era.
MENTIONED IN THIS ARTICLE
Oseola
Georgia
Philip
Uni
Troops Ordered to Sampa Bay for Homebound Westward
Fragmentary report notes units from Fort Mellon being dispatched to Sampa Bay and ordered to embark for brief home calls in the West. Details are sparse but indicate rapid redeployment and travel to western destinations.
MENTIONED IN THIS ARTICLE
Ted
Fort Mellon
Sampa Bay
Norfolk
Court convicts mate of shipwreck plunder but leniently
Federal Court adjourned after a verdict in the William Gibbons steamer case. The mate Andrews was found guilty to consequence but under mitigating circumstances and received six months imprisonment and a ten dollar fine. the seamen were acquitted. Raleigh Register reports.
MENTIONED IN THIS ARTICLE
William Gibbons
Andrews
Raleigh Reg
Murder verdict in Hyde Superior Court case
On Monday the term of Hyde Superior Court began with Frederic Nash presiding. Jacob Gaskill, removed from Carteret, faced trial for the murder of Willis Williams. After deliberation, the jury found manslaughter. the judge ruled murder due to deliberation, and the prisoner was sentenced to six months in jail.
MENTIONED IN THIS ARTICLE
Hyde Superior Court
Frederick Nash
Jacob Gaskill
Carteret
Willis Williams
Washington Whig
Wheat Crops Showing Brightening Prospects Across States
Reports from New Jersey, Pennsylvania, Maryland, Virginia and neighboring areas indicate a strong turn in wheat fields. The Harrisburg paper notes prospects for a good crop are never better in that region, and local reports in our state dispel gloomy fears.
MENTIONED IN THIS ARTICLE
New Jersey
Pennsylvania
Maryland
Virginia
Harrisburg
Hillsboro
Abduction Riot Report From Cincinnati Whig
The article summarizes an extraordinary abduction case in Cincinnati Ohio. It notes the outcome reported by the Cincinnati Whig that the young woman was not abducted and imprisoned but confined at a doctor's house where she gave birth to a legitimate child.
MENTIONED IN THIS ARTICLE
Cincinnati
Ohio
Cincinnati Whig
Money affairs and slave sales observed in Mississippi
A Virginia gentleman, reputed to be worth about $1,000,000, visited Mississippi on his way home. He reported a plantation auction where a planter’s 30 enslaved people sold for just over $4,000 before bidders balked, and the crowd urged payment be avoided. In Vicksburg, another acquaintance faced similar trouble selling 20 to 30 enslaved people and had to seek help from Virginia.
MENTIONED IN THIS ARTICLE
Mississippi
Virginia
Vicksburg
Hax
Auction Changes Cash to Credit Augments Bid
A reported auction at Vicksburg on a loan for his board bill drew bids from a likely buyer who was kept at $350 until the owner altered terms from cash to credit with secure backing. Bids surged as the auction progressed and the same buyer topped at $1625. Mobile paper.
MENTIONED IN THIS ARTICLE
Vicksburg
Influenza Ravages Kentucky Prompting Alarm
The influenza has been unusually prevalent and fatal in Kentucky. In Frankfort several of the oldest inhabitants and many children have died. Washington Market May 16 notes turpentine new dip at 150 dollars old at 50. Whig.
MENTIONED IN THIS ARTICLE
Kentucky
Frankfort
Washington Market
Whig
Petersburg Market Report Shows Cotton Prices Mixed
Petersburg market notes on May 15 record cotton selling from six to ten cents with joint activity noted. Local traders report steady demand and varied prices across grades amid temperate trading.
MENTIONED IN THIS ARTICLE
Petersburg
Jnt
Troublesome Times Cash Quandary Motto
A caption quotation from M. Y. Star notes universal trouble over money. The saying contrasts the anxious burden of those with cash with the hardship of those without, reflecting persistent financial anxieties.
MENTIONED IN THIS ARTICLE
M. Y. Star
European money market sent chills through New York traders
Advices from Europe to April 8 report a stagnant money market and general business downturn. Prices trend downward while merchants await remittances and news by the New York packets, causing anxious expectations for American commerce.
MENTIONED IN THIS ARTICLE
Europe
New York
Insurrection and Zacatecas Revolt Reported in Mexico
Reports from Tampico describe an April insurrection by Federal party forces at San Louis Potosi, clashing with conduitas guards who repelled the insurgents and forced a retreat to the mines. A separate revolution is said to have begun in Zacatecas. The schooner Creole carried $122,000 in specie for merchants.
MENTIONED IN THIS ARTICLE
Mexico
Tampico
Federal Party
San Louis Potosi
Zacatecas
Methodist meeting set at Tarborough Old Church
The Rev. Alfred Norman, Benjamin Watson and others of the Methodist E Church are expected to hold a two or three day meeting in the Old Church in Tarborough beginning Friday night and including the fourth Saturday and Sunday, the 27th and 28th of the month.
MENTIONED IN THIS ARTICLE
Alfred Norman
Benjamin Watson
Methodist E. Church
Tarborough
Also Mentioned on This Page
Hatob
Ir. S. Pens Lader
State of
Martin County
Court of Pleasant Quarter Sessions
Biggs & Brothers
Pieree
Tarhore’ Press
Joseph D Biggs
Williamston
JOS
D. Richards & O
Revia
Evideram
Phip Hizhesy
D. Richards
Krecerel
Bunters Ie IW
Norfleet
Tarhoroueh
Universi
Tannahill & Lavende
Lown
Tannabill & Lavender
Timuert
Merchaunt
Vanolil
Neglect
Shaw
Stanly
B Grimes
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