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PostPosted: Mon Apr 14, 2008 9:13 pm 
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I know a couple of you folks have a thing for New York banks... so I thought you might find the Stacks April E-vent sale interesting. Here's a sampling of what they have:

New York, Gaines. Farmers Bank of Orleans.
Letter, May 5, 1842, to the state comptroller in Albany. President S. Bates inquires as to why the state is advertising for sale certain Indiana state bonds held as security for currency of the Farmers Bank of Orleans. The bank had suspended redemption of its notes and had problems. The president mentions the stockholders are making efforts to redeem paper money and expect to take in about $40,000 worth. [Estimate $20-$50]

New York, Goshen. Bank of Orange County.
Letter dated March 14, 1845, from Cashier A.S. Murray advising the state controller that $8,534 worth of old paper money had been destroyed, thereby bringing the bank within the limits of permissible circulation. [Estimate $20-$50]

New York, Goshen. Bank of Orange County.
Letter dated October 25, 1851, to the Banking Department in Albany. President Wright discusses $100,000 worth of security being given to the state to guarantee the circulation of paper money. [Estimate $20-$50]

New York, Rochester. Commercial Bank of Rochester.
Letter dated April 12, 1848 regarding paper money, noticing the receipt of 100 impressions of sheets each with $50-$20, and other matters. Cashier George Clark writes to the Bank Department Comptroller about the latter countersigning these large denomination notes. [Estimate $50-$100]

New York, South Middletown. Bank of South Middletown,
November 1, 1844. Hand written statement of resources and liabilities, totaling $162,128.10 on each side, noting that the bank had $61,371 worth of notes in circulation, of which $234 were presently held in the bank. Signed by both the cashier and the president. Statements such as this are extremely rare. A prize for the New York specialist. [Estimate $100-$200]

New York, Syracuse. Onondaga County Bank.
Letter dated February 16, 1846 from the bank cashier, mentioning a quarterly statement and noting that it was delayed due to the illness of a clerk. [Estimate $30-$60]


- Greg


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PostPosted: Mon Apr 14, 2008 9:21 pm 
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Here are the other bank related documents in the sale:

Maryland, Cumberland. The Mineral Bank of Maryland.
Letter dated November 20, 1847, announcing the resignation of the cashier. [Estimate $20-$50]

Maryland, Cumberland. The Mineral Bank of Maryland.
Letter dated November 24, 1847, from the cashier of the Mineral Bank of Maryland, addressed to the cashier of a bank in Hagerstown, Maryland, advising that he had recently resigned his position. [Estimate $20-$50]

Ohio, Cincinnati. Bank of the Ohio Life Insurance Company.
Letter dated September 11, 1839. Signed by William Matthews, assistant cashier. Discussed are discount rates regarding currency issued by various Ohio, Indiana, and Kentucky banks. (Years later in 1857, this particular institution failed, and was the catalyst for the financial panic of that year.) [Estimate $50-$100]

Pennsylvania, Lancaster. Unknown bank.
Letter of May 20, 1851 to a customer who returned a counterfeit note on a Pittsburgh bank. The bank denies any knowledge of having passed the note out, but says it would redeem it the next time the customer came in. [Estimate $5-$20]


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PostPosted: Sat Apr 19, 2008 11:23 pm 
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I put a couple of scrawny bids on two documents. What the heck... might make an interesting addition to the collection (though I seriously doubt I'll take it with these bids).

- Greg


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