Newport Safety Fund Bank
Cincinnati Daily Gazette, Thursday, 16 October 1851, page 2
NEWPORT
Our neighbors across the river at Newport, are organizing a
Safety Fund Bank. At the meeting of the subscribers on the 4th inst. the
following Directors were present to wit: James M McArthur, Feelden Dickey,
Charles Stricker, Joseph A Piner and Daniel Wolfe.
J M McArthur was elected President, pro tem, and J A Piner, Clerk. The President was directed to take charge of the money in the hands of the commissioners, and to procure specimens of Bank note engraving, and present to the Board at the next meeting. The Clerk was directed to call in 15 per cent on the stock subscribed to be on or before the 14th inst. and that he also keep the books open for new subscribers.
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Organ of the Temperance Reform, Friday, 14 May 1852, page 4
AN INTERESTING LETTER-We have received the following letter from Mr. Page, Auditor of Kentucky, in relation to the Newport Safety Fund Bank of Kentucky. Frankfort, 23 April 1852.
John S Dye, Esq. The Newport Safety Fund Bank of Kentucky has deposited here, Kentucky State Bonds $25,000. Mortgages Real Estate $27,427; Total amount of deposit $52,497.
This real estate is valued by Commissioners, without regard to any kind of improvements. THOMAS S PAGE, Auditor
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Cincinnati Daily Gazette, Thursday, 3 June 1852, page 2
NEWPORT SAFETY FUND BANK
It should be generally known that the notes of this institution, of a less denomination than $5, have been issued without the intervention of the Kentucky Auditor of State, and are not secured by any corresponding deposit of bonds, etc. with him. We call attention to this fact, as quite a flourish was recently made over the deposit of bonds and mortgages in the Auditor's office for the security of the note holder, and because we are informed, extraordinary exertions are now making to get the notes into circulation.
Whether the President and Directors have any authority to issue notes of a denomination less than five dollars, is a question we will not attempt to decide. It is doubtful matter which those interested will look into especially as the first notes issued came into circulation in a way unprecedented and not a little suspicious. Out object is merely to put the community on its guard.
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Dyes Bank Mirror, Monday, 15 November 1852, page 4
John S Dye, Esq. Sir: The Newport Safety Fund Bank of Kentucky, at Newport, is authorized to issue notes of one, two, and three dollars and to be signed by the President or Cashier: and without being countersigned by the auditor, the notes are receivable in payment of revenues and county levis. Your, Thomas S Page, Auditor, Frankfort Ky.
The Bank has met with promptness every call and the demands on her, for the last few days, have been very light. The various rumors against her are unfounded. We think it a well conducted and safe institution.
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Dyes Bank Mirror, Tuesday, 1 February 1853, page 4
We beg to annex the condition of this institution. A continual war has been made upon it by some persons in this city, endeavoring to create a continual run upon it. If some of these parties that have so constantly assailed her, had a similar run upon them, we doubt whether they have sustained themselves in so able a manner. We hope this exhibit will place her before the public in the future. Her President, James M McArthur, is a gentleman of sterling integrity: and the Cashier, H Buchanan, Esq. has likewise been known well to this community, for many years as the efficient teller of the Ohio Life Insurance and Trust Company and of high standing and integrity.
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Cincinnati Daily Gazette, Thursday, 28 September 1854, page 2
Mr. Buchanan has resigned the office of Cashier of the Newport Safety Fund Bank, which he has held for a considerable time.
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Cincinnati Daily Gazette, Thursday, 19 October 1854, page 4
The Newport Safety Fund Bank of Kentucky has failed. Its large notes are secured by stocks and mortgages, but there is no security for notes of a less denomination that $5.
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Cincinnati Daily Gazette, Saturday, 9 December 1854, page 4
The two following banks are suspended and there is no market for their notes here: Kentucky Trust Co. and Newport Safety Fund bank.