Bank of Bainbridge (Bainbridge, NY)

Episode Information

Episode UID
1046220090662
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
104622009 hash
Start Date
February 8, 1855
Location
Bainbridge, New York (42.293, -75.479)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
716add9b246c3ffd

Response Measures

None

Description

Sources report a suspension linked to a major stockholder's banking failure; no reopening information is provided.

Events (1)

1. February 8, 1855 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed failure/suspension of N. B. Kidder's banking house; Kidder was a large stockholder implicated in related failures.
Newspaper Excerpt
Kidder was a large stockholder in the Bank of Bainbridge, and that institution has also suspended.
Source
newspapers

Newspaper Articles (2)

Article from The Daily Dispatch, February 10, 1855

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Article Text

MORE FAILURES.-The Geneva Gazette states that the bauking house of N. B Kidder, of that village, suspended payment on Thursday last. Liabilities $200,000 The depositors embrace all class es of citizens. Kidder was a large stockholder in the Bank of Bainbridge, and that institution has also suspended. He was also concerned in the Bank of Hornellsville, which is in bad repute, acโ‘‰ cording to the Gazette.- - Albany Register.


Article from Minnesota Weekly Times, February 20, 1855

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Article Text

TUESDAY, FEBRUARY 20, 1855. News by the Mail. The Galena Advertiser announces the death of Robert Burton, a wealthy man, engaged in the Lead business, two and a half miles from Galena. He introduced the "Cupalo Furnace" for smelting, by which he realized a fortune. His age was 73. The Wisconsin Legislature is engaged overhauling the books of the State. Wisconsin has got ahead of Minnesota, but we hope Minnesota will soon follow in her tracks. We understand yesterday an effort was made in the House, to ferret out the cause of some of the corruption. God speed the right.- Resolution has passed the Lower House of the Illinois Legislature, appropriating the school tax for colored persons, to the education of colored children in separate schools. The Illinois Legislature adjourned on the 13th.-A portion of an expedition against Cuba, left New York city on the 9th. The whole number enlisted in the enterprise is said to be 30,000. The Albany Atlas states that the banking house of N. B. Kidder, at Geneva, N. Y., has suspended payment; liabilities $200,000 also the Bank of Bainbridge. Snow has fallen to the depth of six feet in New Hampshire.It is reported that the health of Mr. Mason, our Minister to France is entirely restored. The death of Dr. Huddleston, an eminent Physician of Troy, N. Y., is announced. Judge Trumbull, of Illinois, who was recently elected to the U. S. Senate, takes the place of Gen. Shields.