1856 American Exchange Bank Letter to Ulster Bank NY – Financial Warning

Approximately 7.5" by 9.5"  

Original 1856 letter from the American Exchange Bank in New York to J. Hasbrouck, Cashier of the Ulster Bank. Dated March 28, 1856, this historic financial document warns that the bank cannot continue to carry an overdrawn account beyond April 15. Signed by J.S. Murray, it offers potential discounting of short unprotested paper as a remedy. A rare piece of 19th-century banking correspondence on printed letterhead, showing early American financial operations and credit policies.

Book 13 page 44

[Front – Handwritten notation]

American Ex. Bank
March 28th /56

[Main Letter – Printed letterhead]

THE AMERICAN EXCHANGE BANK.
Wm. W. Rose, Printer, 17 Wall-st. N. Y.

New York, Mch. 28 1856
J. Hasbrouck Esq. Cashr.
Ulster Bank

Dear Sir,

We have now given you a liberal period to make good your A/c with us and I am now directed to say that we cannot continue in advance longer than 15th April. Should you have any short unprotested paper of satisfactory character, we have no objections to assisting you, in part, by a discount in order to accomplish other results.

Resp’y,
J. S. Murray,
A.C.B.