Thank you for visiting SNEWPapers!
Sign up free
The Hillsdale Standard
Hillsdale, Hillsdale County, Michigan
What is this article about?
In Chicago, the Commercial Exchange Company suspended payments on March 9, 1856, due to an unexpected run, issuing a notice on March 10 assuring abundant assets. The event is satirically linked to pre-election boasts by Postmaster Cook about funding Dyer's campaign, even if it bankrupted his institution.
Clipping
OCR Quality
Full Text
BEFORE ELECTION.
'I am going to elect Dyer or burst my bank.' [Postmaster Cook.
AFTER ELECTION.
Bank Suspension.--The Commercial Exchange Company yesterday suspended payments, and the following notice was issued:
COMMERCIAL EXCHANGE CO.
CHICAGO, March 10, 1856.
In consequence of an unexpected run upon this office, it has been compelled to suspend payment for a short time. The assets resources are abundant to pay all depositors and all liabilities.
A. GILBERT, Sec'y.
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Domestic News Details
Primary Location
Chicago
Event Date
March 10, 1856
Key Persons
Outcome
bank suspended payments temporarily; notice assures abundant assets to cover all depositors and liabilities.
Event Details
Satirical report linking pre-election boast by Postmaster Cook to fund Dyer's campaign 'or burst my bank' to the subsequent suspension of payments by the Commercial Exchange Company due to an unexpected run.