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Domestic News
November 10, 1857
The Western Democrat
Charlotte, Mecklenburg County, North Carolina
What is this article about?
Citizens of Springfield, Ohio, deterred a broker from demanding coin from the local bank by placing a tar bucket and a threatening rail inscription at the entrance, amid Western banks' specie shortages.
Clipping
OCR Quality
95%
Excellent
Full Text
NARY RED TO NARY BROKER.—The devices of the banks in the West to save specie, the commodity so scarce with them, are original, to say the least of them:
"The Springfield (Ohio) Nonpareil says the citizens of that town last week adopted a new plan for protecting their banks from being run by the brokers. Learning that a broker had reached town from a neighboring city to run the bank for coin, they promptly placed on one side of the bank entrance a bucket of tar and a brush, and upon the opposite a long rough-looking fence rail, bearing this inscription: "Nary red to nary broker." As the broker approached the bank he read the inscription, glanced at the tar bucket and retreated." The bank went on as usual."
"The Springfield (Ohio) Nonpareil says the citizens of that town last week adopted a new plan for protecting their banks from being run by the brokers. Learning that a broker had reached town from a neighboring city to run the bank for coin, they promptly placed on one side of the bank entrance a bucket of tar and a brush, and upon the opposite a long rough-looking fence rail, bearing this inscription: "Nary red to nary broker." As the broker approached the bank he read the inscription, glanced at the tar bucket and retreated." The bank went on as usual."
What sub-type of article is it?
Economic
What keywords are associated?
Springfield Ohio
Bank Protection
Broker Deterrence
Specie Shortage
Tar Threat
Where did it happen?
Springfield, Ohio
Domestic News Details
Primary Location
Springfield, Ohio
Event Date
Last Week
Outcome
broker retreated; bank continued operations as usual.
Event Details
Citizens placed a bucket of tar and brush on one side of the bank entrance and a fence rail with the inscription 'Nary red to nary broker' on the other to deter a broker from a neighboring city attempting to withdraw coin, protecting the bank from a run amid specie scarcity.