1382. City Bank (Hartford, CT)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
October 14, 1857
Location
Hartford, Connecticut (41.764, -72.685)

Metadata

Model
gpt-5-mini
Short Digest
39f9e79bc46299f2

Response Measures

None

Description

Articles (Oct 14, 1857) report that City Bank (Hartford) voted to suspend specie payments as part of a coordinated suspension by several Hartford banks during the 1857 financial crisis. No mention of depositor runs, receivership, or permanent closure in these excerpts. Reopening is not stated in the articles, but suspensions were contemporaneous with the 1857 panic and were typically temporary; I therefore classify this as a suspension (no run) and tentatively as suspension_reopening. Bank type is unclear from the name alone.

Events (1)
1. October 14, 1857 Suspension
Cause
Macro News
Cause Details
Coordinated suspension by multiple Hartford banks during the nationwide financial crisis of 1857 (panic of 1857).
Newspaper Excerpt
At a meeting of bank officers this morning, it was voted that the Hartford, Phenix, City, State and Farmers' Banks suspend specie payments.
Source
newspapers

Newspaper Articles (3)
1. October 15, 1857 The New York Herald New York, NY
Article from The New York Herald, October 15, 1857

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Article Text

BANK SUSPENSIONS IN HARTFORD, CONN. HARTFORD, Oct. 14, 1857. At a meeting of bank officers this morning, 11 was veled that the Hartford, Phoen'x, City, State and Farmers' Banks suspend specie payments. The Connecticut River Bank has not suspended. There is no excitement.

2. October 15, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 15, 1857

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Article Text

BANK SUSPENSIONS IN HARTFORD, CONM. HARTFORD, Wednesday, Oct. 14, 1857. At a meeting of bank officers this merning it was voted that the Hartford, Phenix, City, State and Farmers' Banks suspend specie payments. The Connecticut River Bank has not suspended. There is no excitement. SUSPENSION OF THE PORTLAND BANKS. PORTLAND, ME., Wedneeday 14, 1857. All our city banks suspended specie payments today.

3. October 15, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 15, 1857

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Article Text

ing interests, ite suspension would throw out of canployment nearly & thousand persons. The bank euspersion created very little excitement. The Massachusetts Bank, the only one refusing to join in the suspension, declares its intention to continue specie payments permanently. BANGOR, Me., Wednesday, Oct. 14, 1857. At a meeting of Bank Directors, held herethis afternoon, it was voted to suspend specie payment during the present crisis. Resolutions were also passed expressing confidence in the Suffolk Bank system, and refusing to take bills not redeemed in Boston. BANK SUSPENSIONS IN HARTFORD, CONM. HARTFORD, Wednesday, Oct. 14, 1857. At a meeting of bank officers this merning it was voted that the Hartford, Phenix, City, State and Farmers' Banks suspend specie payments. The Connecticut River Bank has not suspended. There is no excitement.