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Note: Washington College 1846/47 History of Erie County, Nelson
P 478 - 479 The business of Neiler & Warren (capital $5,000) was started by W.C.Warren in 1854. Mr. Neiler entered the firm some time previous to the war, and withdrew from it Jan 1, 1866, going to Minneapolis, where he organized a prominent national bank. Mr. Warren was obliged to suspend business late in 1869 or early 1870.
-listed as a private firm, as opposed to a "bank of issue"
History of Erie County, Miller
P 731 For a period of 3 years there was no bank of issue in Erie, the business being done by private firms. W.C.Curry, M. Sanford & Co., Vincent, Bailey & Co., Clark & Metcalf, and Neiler & Warren, established as bankers and brokers at various earlier dates, filled the gap between the state banks and the national banks, the latter in fact being but an enlargement of the scope of as many of the private banking firms that have been named.
Supplement to the settlement of the estate of William C. Warren, by A.A.Craig, auditor
History of the case. The late William C. Warren inherited a large estate from his father ,the late John Warren. And some twenty years ago engaged in business as a private banker in the city of Erie. Possessing ample means and managing his business with great prudence he soon acquired the confidence of the businesses and monied men of the country, as evidenced by the great number of unpaid certificates of deposit presented to his administrator for payment.
On the breaking out of our late rebellion in 1861 and for several years subsequent thereto Mr. Warren invested largely in gold at a very high premium. And in the same ratio as the premium advanced he lost confidence in the government currency until he had invested all his own capital. And a large share of that of his depositors in the purchase of gold at from one hundred and fifty percent premium.
He often found it necessary to sell gold to get the means to redeem the certificates of his depositors and generally at a sacrifice. and at the close of the war when gold sank to a mere nominal premium in comparison to what it had been he was obliged to sell for one hundred and twelve to one hundred and fifteen what had cost him from one hundred and fifty to two hundred and fifty, sinking between sixty and seventy thousand dollars in the vortex of this one speculation.
Being of a somewhat feeble constitution, the solitude and anxieties consequent on his financial embarassment and the loss of his property was more than he was able to successfuly resist. His mind first giving way and his life forces exhausted he died at his residence in this city on the sixteenth day of April 1870.
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