ANNALS OF CLEVELAND

Abstracts 86 - 89
CLEVELAND NEWSPAPER DIGEST
15
JAN. 1 TO DEC. 3 1, 1838
BANKS & BANKING (Cont'd)
Let all be" as free and unfettered as every other business is, and ought
to he. - But - in exterminating the fruitful mother of evil, exterminate
also the progeny. - Erase from the statute books as soon as prudence will
admit your appraisement laws, your laws regulating interest. Modify
materially your collection laws. Let no law stand, beyond a prudent time,
tending in any manner to deaden the sense of those high moral obligations
conta ined "in every contract. Let every man know that when he borrows
the money or property of others, he is using that which is not his own
and which, if called for when due, must be paid. - "
:(H&G) "We have no need to add another word by comment. Here is the
end of the golden promise, and the beginning of the monetary millenium,
which shall restore peace to the troubled world of currency and commerce! -
Alas! poor Yorick!" (19)
86 - H&G Dec. 5; adv:2/5 - Commercial Bank of Lake Erie - The Stockholders
of said bank are requested to meet at tbeir Banking House in this city on
Monday the 7th, day of January next, at 2 o'clock P.M. for the election of
thirteen Directors to serve the ensuing year. T. P. Handy (1)
Failures
87 - H&G Apr. 2; ed:2/4 - The Farmer's Bank of Canton has closed its
doors. The amount of paper the bank reported in circulat ion in December
last was $248,608, and we are informed the circulation has been on the
increase since.
"Of the probable ultimate redemption of its issues by the bank, we
know nothing. Report, however, says the failure is a bad one." (2)
88 - H&G Dec. 26; ed:2/1 - The Cincinnati NEWS of the 21st says that
the Orphan's Institute Bank of Fulton, Ohio, was condemned yesterday,
and bought up by the banks at 10 per cent discount. The very shop that
first foisted this paper upon the community was busily engaged all day
in buying at the rate above named, and of course, made a splendid speculation.
There is much excitement in Cincinnati on the subject of unauthorized
paper.
(H&G) "Look out for blow-ups in the shinplaster manufactories about
these days." (3)
See also Money
BARBERS
89 - H&G Sept. 20; adv:2/5 - David Wills, Jr. Fashionable Hair Cutter
and Barber, has opened a shop nearly opposite the Bank of Cleveland, where
he will be very happy to wait upon all those who may please to favor him
with their patronage. (1)