Article Text
SUSPENSION.-We learn that at a meeting of the board of directors of the State Bank on Wednesday last, it was determined to suspend specie payments.
11901. State Bank (Raleigh, NC)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- state
- Start Date
- October 28, 1857
- Location
- Raleigh, North Carolina (35.772, -78.639)
Metadata
- Model
- gpt-5-mini
- Short Digest
94098c44
Response Measures
None
Description
Article (Weekly North Carolina Standard, 1857-10-28) reports the board of directors decided to suspend specie payments. No run, receivership, or reopening/closure information provided. Given historical context many suspensions at this time were temporary; selected suspension_reopening as the most likely outcome but this is not recorded in the article.
Events (1)
1.
October 28, 1857
Suspension
- Cause
- Macro News
- Cause Details
- Board determined to suspend specie payments (likely in response to the 1857 financial disturbances).
- Newspaper Excerpt
- We learn that at a meeting of the board of directors of the State Bank on Wednesday last, it was determined to suspend specie payments.
- Source
- newspapers
Newspaper Articles (1)
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