The banking-house of Butterfield and Company suspended payment in Petersfield, on Monday the 23rd instant. The principal absconded on Wednesday the 18th instant, since which day he has not been seen. Although not a bank of issue, their liabilities are supposed to be very great, and in winding up the affairs, which are supposed to be in a very bad state, a small dividend only can be paid, if any portion of a moiety at all. Their London bankers were Messrs. Bosanquet, of Pall-Mall. This affair has caused a great panic in the neighbourhood.
Shipping and Mercantile Gazette - Thursday 26 July 1849
ONE O'CLOCK
The banking firm of Messrs. Butterfield and Company, of Petersfield, have suspended, and though not a bank of issue, still their liabilities are said to be heavy, and the assets to be nil. The affair, as may readily be supposed, created great excitement in the place, on which the whole of the loss will fall.
Shipping and Mercantile Gazette - Friday 27 July 1849
ONE O'CLOCK
The liabilities of the bank of Messrs. Butterfield and Co., of Petersfield, whose suspension we noticed yesterday, do not exceed 5,000l.The private liabilities of Mr. Butterfield are, we believe, more extensive.
(See also
02 Aug 1849
30 July 1849)