M. MOBLEY'S EXCHANGE AND BANKING HOUSE - Revision history

Randylyon at 15:54, 11 June 2021

2021-06-11T15:54:14Z

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	[[Image:mmobley-1.jpg\|left\|thumb\|250px\|Dubuque City Directory, 1857-1858. Photo courtesy: Bob Reding]]		[[Image:mmobley-1.jpg\|left\|thumb\|250px\|Dubuque City Directory, 1857-1858. Photo courtesy: Bob Reding]]
	[[Image:mmobley-2.png\|left\|thumb\|250px\|1857 advertisement. Photo courtesy: Telegraph Herald]]		[[Image:mmobley-2.png\|left\|thumb\|250px\|1857 advertisement. Photo courtesy: Telegraph Herald]]
	M. MOBLEY'S EXCHANGE AND BANKING HOUSE. The successor to the [[MINERS' BANK]], the institution was purchased by [[MOBLEY, Mordecai\|Mordecai MOBLEY]] and renamed. He was twenty-one years of age at the time. (1) A rumor about the bank caused a heavy run on deposits on September 11, 1857, by the German and Irish population which held his certificates of deposit. Ironically he had once been hired by Dr. Richard Barrett and Thomas Mather, principal owners of the Miners' Bank to examine its financial condition. (2)		M. MOBLEY'S EXCHANGE AND BANKING HOUSE. The successor to the [[MINERS' BANK]], the institution was purchased by [[MOBLEY, Mordecai\|Mordecai MOBLEY]] and renamed. He was twenty-one years of age at the time. (1) A rumor about the bank caused a heavy run on deposits on September 11, 1857, by the German and Irish population which held his certificates of deposit. Ironically he had once been hired by Dr. Richard Barrett and Thomas Mather, principal owners of the Miners' Bank, to examine its financial condition. (2)

	A rumor against the M. Mobley bank on September 11, 1857 caused a heavy run on its deposits. In response to the withdrawals, forty of the most prominent businessmen, worth nearly $4 million, in the city pledged themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." (3)		A rumor against the M. Mobley bank on September 11, 1857 caused a heavy run on its deposits. In response to the withdrawals, forty of the most prominent businessmen, worth nearly $4 million, in the city pledged themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." (3)

	The bank closed in December, 1857. It was succeeded by [[J. K. GRAVES AND COMPANY]]. (4)		The bank closed in December, 1857. It was succeeded by [[J. K. GRAVES AND COMPANY]]. (4) Mobley issued an announcement stating that his assets in the amount of over $100,000 over all liabilities would be turned over to his creditors if they desired. He would retain only enough to feed and clothe his family. All creditors would be paid in full. The announcement came at a time when the money market in Dubuque was already heavily depressed. (5)
	Mobley issued an announcement stating that his assets in the amount of over $100,000 over all liabilities would be turned over to his creditors if they desired. He would retain only enough to feed and clothe his family. All creditors would be paid in full. The announcement came at a time when the money market in Dubuque was already heavily depressed. (5)

	Mobley was able to reopen his bank in May, 1858. (6)		Mobley was able to reopen his bank in May, 1858. (6)

	The 1858-1859 ''Dubuque City Directory'' listed 60 Main.		The 1858-1859 '''Dubuque City Directory''' listed 60 Main.

Randylyon at 03:27, 2 November 2018

2018-11-02T03:27:45Z

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	4. "Pioneer Dead..."		4. "Pioneer Dead..."

	5. ~~Ibid~~. p. 121		5. Oldt. p. 121

	6. Ibid.		6. Ibid.

Randylyon at 03:25, 2 November 2018

2018-11-02T03:25:44Z

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	The 1858-1859 ''Dubuque City Directory'' listed 60 Main.		The 1858-1859 ''Dubuque City Directory'' listed 60 Main.

	~~[[Image:mmobley-1.jpg\|left\|thumb\|250px\|Dubuque City Directory, 1857-1858. Photo courtesy: Bob Reding]]~~
	~~[[Image:mmobley-2.png\|left\|thumb\|250px\|1857 advertisement. Photo courtesy: Telegraph Herald]]~~

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Randylyon at 03:25, 2 November 2018

2018-11-02T03:25:19Z

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	A rumor against the M. Mobley bank on September 11, 1857 caused a heavy run on its deposits. In response to the withdrawals, forty of the most prominent businessmen, worth nearly $4 million, in the city pledged themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." (3)		A rumor against the M. Mobley bank on September 11, 1857 caused a heavy run on its deposits. In response to the withdrawals, forty of the most prominent businessmen, worth nearly $4 million, in the city pledged themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." (3)

	The bank closed in December, 1857. Mobley issued an announcement stating that his assets in the amount of over $100,000 over all liabilities would be turned over to his creditors if they desired. He would retain only enough to feed and clothe his family. All creditors would be paid in full. The announcement came at a time when the money market in Dubuque was already ~~heavly~~ depressed. (4)		The bank closed in December, 1857. It was succeeded by [[J. K. GRAVES AND COMPANY]]. (4)
			Mobley issued an announcement stating that his assets in the amount of over $100,000 over all liabilities would be turned over to his creditors if they desired. He would retain only enough to feed and clothe his family. All creditors would be paid in full. The announcement came at a time when the money market in Dubuque was already heavily depressed. (5)

	Mobley was able to reopen his bank in May, 1858. (5)		Mobley was able to reopen his bank in May, 1858. (6)

	The 1858-1859 ''Dubuque City Directory'' listed 60 Main.		The 1858-1859 ''Dubuque City Directory'' listed 60 Main.
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	[[Image:mmobley-1.jpg\|left\|thumb\|250px\|Dubuque City Directory, 1857-1858. Photo courtesy: Bob Reding]]		[[Image:mmobley-1.jpg\|left\|thumb\|250px\|Dubuque City Directory, 1857-1858. Photo courtesy: Bob Reding]]
	[[Image:mmobley-2.png\|left\|thumb\|250px\|1857 advertisement. Photo courtesy: Telegraph Herald]]		[[Image:mmobley-2.png\|left\|thumb\|250px\|1857 advertisement. Photo courtesy: Telegraph Herald]]

	~~It was succeeded by [[J. K. GRAVES AND COMPANY]]. (2)~~


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	3. Oldt, Franklin T. and Patrick J. Quigley. '''History of Dubuque County, Iowa'''. Chicago: Goodspeed Historical Association., p. 120		3. Oldt, Franklin T. and Patrick J. Quigley. '''History of Dubuque County, Iowa'''. Chicago: Goodspeed Historical Association., p. 120

	4. Ibid. p. 121		4. "Pioneer Dead..."

			5. Ibid. p. 121

			6. Ibid.



	~~5. Ibid.~~




	~~2. Ibid.~~

	[[Category: Banks]]		[[Category: Banks]]

Randylyon at 03:22, 2 November 2018

2018-11-02T03:22:46Z

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	The bank closed in December, 1857. Mobley issued an announcement stating that his assets in the amount of over $100,000 over all liabilities would be turned over to his creditors if they desired. He would retain only enough to feed and clothe his family. All creditors would be paid in full. The announcement came at a time when the money market in Dubuque was already heavly depressed. (4)		The bank closed in December, 1857. Mobley issued an announcement stating that his assets in the amount of over $100,000 over all liabilities would be turned over to his creditors if they desired. He would retain only enough to feed and clothe his family. All creditors would be paid in full. The announcement came at a time when the money market in Dubuque was already heavly depressed. (4)

	Mobley was able to reopen his bank in May, 1858. (4)		Mobley was able to reopen his bank in May, 1858. (5)

	The 1858-1859 ''Dubuque City Directory'' listed 60 Main.		The 1858-1859 ''Dubuque City Directory'' listed 60 Main.


	Observing this run, a notice was quickly issued by forty of the best business concerns and wealthiest citizens of the city pledging themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." The men thus voluntarily backing Mr. Mobley were worth nearly $4,000,000. Despite their backing, the bank failed.

	[[Image:mmobley-1.jpg\|left\|thumb\|250px\|Dubuque City Directory, 1857-1858. Photo courtesy: Bob Reding]]		[[Image:mmobley-1.jpg\|left\|thumb\|250px\|Dubuque City Directory, 1857-1858. Photo courtesy: Bob Reding]]
	[[Image:mmobley-2.png\|left\|thumb\|250px\|1857 advertisement. Photo courtesy: Telegraph Herald]]		[[Image:mmobley-2.png\|left\|thumb\|250px\|1857 advertisement. Photo courtesy: Telegraph Herald]]


	It was succeeded by [[J. K. GRAVES AND COMPANY]]. (2)		It was succeeded by [[J. K. GRAVES AND COMPANY]]. (2)
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	1. "Pioneer Dead," ''The Dubuque Herald,'' December 10, 1898, p. 15		1. "Pioneer Dead," ''The Dubuque Herald,'' December 10, 1898, p. 15

			2. Hayes, Nathaniel S. '''History of the Disciples of Christ in Illinois 1819-1914'''. Cincinnati: Standard Publishing Company, 1915 p. 573 Online: https://books.google.com/books?id=N68weNmW8lEC&printsec=frontcover&source=gbs_ge_summary_r&cad=0#v=onepage&q=Mobley&f=false

			3. Oldt, Franklin T. and Patrick J. Quigley. '''History of Dubuque County, Iowa'''. Chicago: Goodspeed Historical Association., p. 120

			4. Ibid. p. 121

			5. Ibid.




	2. Ibid.		2. Ibid.

	[[Category: Banks]]		[[Category: Banks]]

Randylyon at 03:19, 2 November 2018

2018-11-02T03:19:06Z

← Older revision		Revision as of 03:19, 2 November 2018
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	[[Image:mmobley-1.jpg\|left\|thumb\|250px\|Dubuque City Directory, 1857-1858. Photo courtesy: Bob Reding]]		[[Image:mmobley-1.jpg\|left\|thumb\|250px\|Dubuque City Directory, 1857-1858. Photo courtesy: Bob Reding]]
	[[Image:mmobley-2.png\|left\|thumb\|250px\|1857 advertisement. Photo courtesy: Telegraph Herald]]		[[Image:mmobley-2.png\|left\|thumb\|250px\|1857 advertisement. Photo courtesy: Telegraph Herald]]
	M. MOBLEY'S EXCHANGE AND BANKING HOUSE. The successor to the [[MINERS' BANK]], the institution was purchased by [[MOBLEY, Mordecai\|Mordecai MOBLEY]] and renamed. He was twenty-one years of age at the time. (1) A rumor about the bank caused a heavy run on deposits on September 11, 1857, by the German and Irish population which held his certificates of deposit.		M. MOBLEY'S EXCHANGE AND BANKING HOUSE. The successor to the [[MINERS' BANK]], the institution was purchased by [[MOBLEY, Mordecai\|Mordecai MOBLEY]] and renamed. He was twenty-one years of age at the time. (1) A rumor about the bank caused a heavy run on deposits on September 11, 1857, by the German and Irish population which held his certificates of deposit. Ironically he had once been hired by Dr. Richard Barrett and Thomas Mather, principal owners of the Miners' Bank to examine its financial condition. (2)

			A rumor against the M. Mobley bank on September 11, 1857 caused a heavy run on its deposits. In response to the withdrawals, forty of the most prominent businessmen, worth nearly $4 million, in the city pledged themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." (3)

			The bank closed in December, 1857. Mobley issued an announcement stating that his assets in the amount of over $100,000 over all liabilities would be turned over to his creditors if they desired. He would retain only enough to feed and clothe his family. All creditors would be paid in full. The announcement came at a time when the money market in Dubuque was already heavly depressed. (4)

			Mobley was able to reopen his bank in May, 1858. (4)

			The 1858-1859 ''Dubuque City Directory'' listed 60 Main.


	Observing this run, a notice was quickly issued by forty of the best business concerns and wealthiest citizens of the city pledging themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." The men thus voluntarily backing Mr. Mobley were worth nearly $4,000,000. Despite their backing, the bank failed.		Observing this run, a notice was quickly issued by forty of the best business concerns and wealthiest citizens of the city pledging themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." The men thus voluntarily backing Mr. Mobley were worth nearly $4,000,000. Despite their backing, the bank failed.

Randylyon at 03:15, 2 November 2018

2018-11-02T03:15:08Z

← Older revision		Revision as of 03:15, 2 November 2018
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	[[Image:mmobley.png\|left\|thumb\|250px\|]]M. MOBLEY'S EXCHANGE AND BANKING HOUSE. The successor to the [[MINERS' BANK]], the institution was purchased by [[MOBLEY, Mordecai\|Mordecai MOBLEY]] and renamed. He was twenty-one years of age at the time. (1) A rumor about the bank caused a heavy run on deposits on September 11, 1857, by the German and Irish population which held his certificates of deposit.		[[Image:mmobley.png\|left\|thumb\|250px\|]]
			[[Image:mmobley-1.jpg\|left\|thumb\|250px\|Dubuque City Directory, 1857-1858. Photo courtesy: Bob Reding]]
			[[Image:mmobley-2.png\|left\|thumb\|250px\|1857 advertisement. Photo courtesy: Telegraph Herald]]
			M. MOBLEY'S EXCHANGE AND BANKING HOUSE. The successor to the [[MINERS' BANK]], the institution was purchased by [[MOBLEY, Mordecai\|Mordecai MOBLEY]] and renamed. He was twenty-one years of age at the time. (1) A rumor about the bank caused a heavy run on deposits on September 11, 1857, by the German and Irish population which held his certificates of deposit.

	Observing this run, a notice was quickly issued by forty of the best business concerns and wealthiest citizens of the city pledging themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." The men thus voluntarily backing Mr. Mobley were worth nearly $4,000,000. Despite their backing, the bank failed. It was succeeded by [[J. K. GRAVES AND COMPANY]]. (2)		Observing this run, a notice was quickly issued by forty of the best business concerns and wealthiest citizens of the city pledging themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." The men thus voluntarily backing Mr. Mobley were worth nearly $4,000,000. Despite their backing, the bank failed.

			[[Image:mmobley-1.jpg\|left\|thumb\|250px\|Dubuque City Directory, 1857-1858. Photo courtesy: Bob Reding]]
			[[Image:mmobley-2.png\|left\|thumb\|250px\|1857 advertisement. Photo courtesy: Telegraph Herald]]


			It was succeeded by [[J. K. GRAVES AND COMPANY]]. (2)

Randylyon at 03:11, 2 November 2018

2018-11-02T03:11:19Z

← Older revision		Revision as of 03:11, 2 November 2018
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	Observing this run, a notice was quickly issued by forty of the best business concerns and wealthiest citizens of the city pledging themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." The men thus voluntarily backing Mr. Mobley were worth nearly $4,000,000. Despite their backing, the bank failed. It was succeeded by [[J. K. GRAVES AND COMPANY]]. (2)		Observing this run, a notice was quickly issued by forty of the best business concerns and wealthiest citizens of the city pledging themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." The men thus voluntarily backing Mr. Mobley were worth nearly $4,000,000. Despite their backing, the bank failed. It was succeeded by [[J. K. GRAVES AND COMPANY]]. (2)

	~~Mobley was soon able to reopen the bank as the Exchange and Banking House.~~

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Randylyon: Created page with "250px|M. MOBLEY'S EXCHANGE AND BANKING HOUSE. The successor to the MINERS' BANK, the institution was purchased by MOBLEY, Mordecai|Morde..."

2018-11-02T03:10:56Z

Created page with "left|thumb|250px|M. MOBLEY'S EXCHANGE AND BANKING HOUSE. The successor to the MINERS' BANK, the institution was purchased by MOBLEY, Mordecai|Morde..."

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[[Image:mmobley.png|left|thumb|250px|]]M. MOBLEY'S EXCHANGE AND BANKING HOUSE. The successor to the [[MINERS' BANK]], the institution was purchased by [[MOBLEY, Mordecai|Mordecai MOBLEY]] and renamed. He was twenty-one years of age at the time. (1) A rumor about the bank caused a heavy run on deposits on September 11, 1857, by the German and Irish population which held his certificates of deposit.

Observing this run, a notice was quickly issued by forty of the best business concerns and wealthiest citizens of the city pledging themselves to sustain "his entire ability to redeem any promise or other pecuniary liability at call." The men thus voluntarily backing Mr. Mobley were worth nearly $4,000,000. Despite their backing, the bank failed. It was succeeded by [[J. K. GRAVES AND COMPANY]]. (2)

Mobley was soon able to reopen the bank as the Exchange and Banking House.

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Source:

1. "Pioneer Dead," ''The Dubuque Herald,'' December 10, 1898, p. 15

2. Ibid.

[[Category: Banks]]