13113. Bank of Bainbridge (Bainbridge, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 8, 1855
Location
Bainbridge, New York (42.293, -75.479)

Metadata

Model
gpt-5-mini
Short Digest
a7ad5a7ed4b54c42

Response Measures

None

Description

Two contemporary newspaper notices (Feb 1855) report that the Bank of Bainbridge 'has also suspended' after the suspension of the banking house of N. B. Kidder in Geneva, N.Y. No articles in the set report a reopening; the suspension appears tied to Kidder's failure (Kidder was a large stockholder). Date inferred from publication: the first article (Feb 10, 1855) states Kidder suspended 'on Thursday last' (inferred 1855-02-08).

Events (1)
1. February 8, 1855 Suspension
Cause
Correspondent
Cause Details
Suspension followed failure/suspension of N. B. Kidder banking house; Kidder was a large stockholder in the Bank of Bainbridge.
Newspaper Excerpt
Kidder was a large stockholder in the Bank of Bainbridge, and that institution has also suspended.
Source
newspapers

Newspaper Articles (2)
1. February 10, 1855 The Daily Dispatch Richmond, VA
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, ac⑉ cording to the Gazette.- - Albany Register.

2. February 20, 1855 Minnesota Weekly Times Saint Paul, MN
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.