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STORY OF ANOTHER PIONEER

BY C. B. STEBBINS
June 7, 1882.

But the Lenawee county bank opened in January, 1838, and did have $20, 000 in gold to start with. The operators borrowed it of a Toledo capitalist, and as soon as the commissioner pronunced the bank all right, it was loaned back to the owner; one note balancing the other.
But one bank was not enough for a town of Palmyra's expectations. In March, 1838, the Toledo and Kalamazoo railroad bank had everything ready for business. Its bills were nearly fac-simile of the bills of the Erie and Kalamazoo. Railroad Bank, a solvent chartered bank at- Adrian, except the word Toledo in place of Erie. The expectation was, that the people would take the bills without noticing that they were not on the Adrian bank. But by the time they were ready for business, the wild-cat banks were beginning to collapse, and not a bill was put in circulation. I think their business closed up when they paid me for the furnishing for their office, after I had commenced an action at law for my pay.
Among out first acquaintances were the families of Judge Tiffany, author of Tiffany's Justices' Guide; Volney Spalding, who was building a large sawmill, and now resides in Georgia; George E. Pomeroy, Lyman T. Thayer, and James S. Dickenson, all now residents of Toledo; Rev. John Walker, Esq. James Field, both deceased several years ago; Hansom Stewart, afterward killed while building a bridge; Rollin Robinson, the Warners, Dr. J. G. Loomis, afterward professor in a medical college in Philadelphia, and long since deceased.

Michigan


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