14124. Bank of New Brunswick (New Brunswick, NJ)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
September 10, 1857
Location
New Brunswick, New Jersey (40.486, -74.452)

Metadata

Model
gpt-5-mini
Short Digest
029699a2

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (dated Sept 10, 1857) report the Bank of New Jersey at New Brunswick temporarily suspended payment but with ample means and expectation it would resume. The suspensions occur amid the broader 1857 financial crisis, and no run, receivership, or permanent closure is reported in these articles.

Events (1)

1. September 10, 1857 Suspension
Cause
Macro News
Cause Details
Temporary suspension reported amid the wider financial panic/pressure of September 1857; paper emphasizes ample means and expectation of resumption.
Newspaper Excerpt
The Bank of New Jersey temporarily suspended payment this morning, but will probably resume in a few days.
Source
newspapers

Newspaper Articles (11)

Article from Worcester Daily Spy, September 11, 1857

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Bank Failure. NEW BRUNSWICK, N.J., Sept. 10.-The Bank of New Jersey temporarily suspended this morning, but probably will resume in a few days. The entire liabilities of the bank are $200,000, while their means to pay with are over $500,000.


Article from The New York Herald, September 11, 1857

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THE MONEY PRESSURE. OPINIONS AND EFFECTS IN OTHER LOCALITIES. THE FAILURES LAST week, &c. &c. &o. SUSPENSIONS, FAILURES, ASSIGNMENTS. [From (he Independent, Sept. 10.] The following are the reported failures, assignments, Bro., for the week:Daniel W. King, Suffield, Conn, falled. Saroni & Goodheim, Boston, Mass, suspended. Alden & Ourtine, shoes, Boston, Mass., suspended-offer poventy five cents. Daniel Coolidge, Lowell, Mass., falled. Pebbles & Clark, lick, Mass., failed. John M. Brown, St. Albans, Vs., failed. Acker & Harris, New York city, suspended; liabilities very large. L &V. Kirby & Co, dry goods, New York city, was pended, with liabilities of $500,000, and nominal assots of about $800,000. Coffin & Haydook, auctioneers, New York city, sus pended. Tuttle, Outting & Co., produce, New, York city, suspended. Bales, Griffin & Livermore, produce, New York city, #uspended D. C. & E. Healy, merchants, New York city, suspended. Stillman, Allen & Do., iron works, New York city, suspeaded D. J. & Geo. J. Levy, clothing, New York city, failed and amigned. Robertson, Hudson & Pulliam, dry goods, New York city, suspended. J.H. Cotton & Oo, New York city, suspended; liabilision, $250,000, amets, $525,000; will doubtless resume at once. Starling & McCallok, produce, New York city, sus. pended. Peter Gammer, carpets, New York city, suspended; lia. about $250 000. Bailey & Brothers, carpets, New York city, failed and mosigned. Browning, Stewart & Allen, shoes, New York city, suspended. Marks Berliner, clothing, New York city, failed. Cohen & Good, cloths, New York city, failed. Lane & Porter, dry goods, New York city, falled. Lyons & Jones, dry goods, New York city, sold out and assigned. Jared W. Graves, grocer, New York city, suspended. James De Gray & Co., New York city, suspensed, but will probably resume. Osterberg Brothers, New York city, suspended. Bock & Co., New York city, suspended. J. Uliman & Sons, fancy goods, New York city, failed and assigned to Bondy Bro & Co: Wardell & Pease, New York city, suspended. Burnett & Oldner, New York city, suspended. Richard Marsh, books, New York city, failed. Alexander & Bauer, New York only, falled and assigned. Philip Adams, fancy goods, New York city, falled and assigned. William Pearson & Co., coal, Brooklyn, N. Y., suspended Oliver Lee & Co.'s Bank, Buffalo, N. Y., suspended. William Foote & Co, Buffalo, N Y., suspended. Niles & Kitney, Buffalo, N. Y, reported suspended. H. Jones, Danaville, N. Y, assigned. Fitzbugh & Littlejohn, Oswego, N. Y., reported suspended. Pratt & Allen, Buffalo, N Y., assigned. Williams, Tacner & Oo, Buffalo, N. Y, suspended. M. H. Dale, On) lersville, N. Y., assigned E F. Folger & Do., Buffaio, N. Y., suspended. John M Odesheimer, coal lanis, Philadelphia, suspended; liabilities said $400,000. Col sell & Co., iron, Philadelphia, suspended; liabilities large MoBride & Brothers, cotton, Philadelphia, failed. Rex & Co brokers. Philadelphia, failed. Christian E Spangler, coal, Philadelphia, suspended; 11a. bilities large, with good surplus George P. Evans, Philadelphia, suspended; liabilities about $100,000 William R. B ack & Co., cotton, Philadelphia, failed. Richards & Brothers, glass, Philade failed. Edward C. Most, crockery, Philadelphia, suspended. Smith & Barton, Boone county, Penn, reported suspended and left. John Waugh Potaville, Penn, suspended. John F Geshart, May LO a, Penn failed. Chapin & Omborne, Pitatled, Pena., suspended. Helfrish & Fisher, Kutziown, Penn., failed; liabilities said $40,000 I. F. Bruce, Lock Haven, Penn, failed and left the place. Withington & Eastman, sugar and molasies, Ballimore, failed for large amount I. T. Schamwald, Wilmington, N. C., assigned. William Eiden, Portsmouth, Obto, asking an extension Webb & Davidson, Decatur, III., "sold out." Loomis, Abbott & Chapman, Chicago, III., assigned to Botthford & Wheeler E. R. Swee zer, Port Huron, Mich,, assigned. L N. Pendleton & Son, Marshall, Mich., assigned to Preston Mitchell. A. F. McKenzie, Adrian, Mich., sold out Sugler & Gillett, Adrian Mich., is led and assigned. Adier & Shiff, Milwaukie, Wis, failed and assigned. Well & Hershberg, Milwaukie, Wis., failed. Newton & Kean, Fort Des Moines, Iowa, assigned. SUSPENSION OF THE BANK OF NEW JERSEY. New BRUNSWICK, N. J., Sept. 10, 1857. The Bark of New Jersey temporarily suspended pay ment this morning, but will probably resume in a few days. Bill holders are advised not to macrifice them, as 'hey are worth dollar for dollar and are taken by our business men M par. The entire liabilities of the bank are $200,000, while their means to pay with are over $500,000. NEW YORK. -


Article from The New York Herald, September 11, 1857

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SUSPENSION OF THE BANK OF NEW JERSEY. New BRUNSWICK, N. J., Sept. 10, 1857. The Bark of New Jersey temporarily suspended pay ment this morning, but will probably resume in a few days. Bill holders are advised not to sacrifice them, as 1hey are worth dollar for dollar and are taken by our business men M par. The entire liabilities of the bank are $200,000, while their means to pay with areover $500,000.


Article from Daily Nashville Patriot, September 11, 1857

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BY TELEGRAPH. BY THE NATIONAL LINE. [Reports Furnished by the Associated Press.] FURTHER NEWS per EUROPA. Halifax, September 9.-John Doberty, who failed at Liverpool, was arrested for swindling. The India mail had arrived. Delhi was still held by the mutineers on the 14th of July. They made three additional sorties, but were defeated. Sir Hugb Wheeler was killed at Cawnpore. The garrison there bad been reduced to famine, and surrendered to Heria Sahib, who, in violation of bis promise, massacred the whole garrison. General Haversock subsequently defeated Sahib with great loss. Sabib massacred at Cawnpore two hundred and forty women and children. Among the officers killed are, Sir George Parker, Col. Williams, and Brigadier Yack. An obstinate battle Was fought on the 5th of July before Agra, between the garrison and Memush, the mutineers numbering ten thousand. The British retreated with a heary loss. Two regiments mutinied at Seal Kate, in Punjaub, July the 9th, massaereing Capt. Bishop, Dr. Grsham, and the Rev. Mr. Hunt and his wife and child. The mutineers subsequently were defeated. Other disturbances are reported else where. Bombay, Madras, and the Punjaub are tranquil. Gen. Valicio was to succeed in command before Delbi, where only two thousand effective men could be mustered. CHINA.-Lord Elgin arrived at Hong Kong on the second, and was about to proceed southward. The new Cuban Governor embarks in September, and will take out the ultimatum between Spain and Mexico. NEW YORK, Sept. 10.-The ship Lexington from New Orleans for Liverpool, went ashore in Bantry Bay. Her cargo, 1100 bales of cotton, and crew, were saved. CINCINNATI, Sept. 10.-The Miami Valley Bank at Dayton, Ohio, has suspended. QUEBEC, Sept. 10.-The captain of the steamer Clyde has arrived. He reports that the steamer, cargo, mails, and passenger's baggage is a total loss. NEW YORK Sept. 10.-The Grand Jury have indicted Mrs. Cunningham for producing a supposittous heir to the Burdell estate. - NEW York, Sept. 10.-The Bank of New Jersey at Brunswick failed. Frederick G. Swan commission merchant has also failed.


Article from New-York Daily Tribune, September 11, 1857

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SUSPENSION OF THE BANK OF NEW-JERSEY. New. BRUNSWICK, N.J., Sept. 10, 1857. The Bank of Now-Jersey temporarily suspended this morting, but will probably resume in a few days. Billholders are advised not to eacrifice them, B.S they are worth dollar for dollar, and are taken by our business men at par. The entire liabilities of the bank are $200,000, while their to pay with are 27% $500,000.


Article from Daily Iowa State Democrat, September 12, 1857

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More Failures. New Brunswick, N.J., Sept. 10. The Bank of New Jersey temporari ly suspended this morning, but will probably resume in a few days. Bill holders are advised not to sacrifice them as they are worth dollar for dol' lar, and are taken by our business men at par. The liabilities of the Bank are $200,000 while their means to pay them with are $500,000. New York, Sept. 10. The domestic commision house of Frederick G. Swan has failed and assigned. Assets considered ample.


Article from The Ottawa Free Trader, September 12, 1857

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NEW BRUNSWICK, N. J., Sept. 10.-The Bank of New Jersey temporarily suspended this morning, but will probably resume in a few days. Bill holders are advised not to sacrifice them as they are worth dollar for dollar, and are taken by our business men at par. The liabilities of the Bank are $200,000, while their means to pay them with are $500,000.


Article from Worcester Daily Spy, September 14, 1857

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The Bank of New Jersey, at New Brunswick, has suspended payment. It is said that its means are very ample, and strong confidence is expressed that it will resume business in a few bas maket BIO 19400 hologeting


Article from The New York Herald, September 18, 1857

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THE FINANCIAL PRESSURE. SUSPENSIONS, FAILURES, ASSIGNMENTS. [From the Insependent. Sept. 17.] The following are the reported failures, assignments, &re. :Ruggles & Co, Pouliney, Vt, failed. Eaton, Hill and Candier, crugs, Boston, failed. W. F. Freeman, Boston, Mass., failed. Freeman Orne, Boston, Mass, gone into inselvency. Philip Allen & Sons. Providence, R. I., suspended. Z. Allen, Providence, R. L, suspended on endorsed paper. Loger & Pecknap, Palmer's Corners, Conn., assigned. Nesmith & Co, New York city, suspended. Carpenter, Ide & Co., straw goods, New York city, suspended. Frederick G. Swan, New York city, assigned; liabilities said about $1,200,000. Foster & Nickerson, New York city, suspended. Joseph F. Moyses, dry goods, New York city, suspended. Grant, Sayles & Ford, produce, New York city, suspended. W. T. Hicks & Do., New York city, surpended. Welslar & Tunnsis, New York city, failed. Walker P. Jones, liquors, New York city, suspended. William J. Bell & Oo,, bankers, New York city, suspended. Frost & Pierce, hats, New York, suspended. Bayaud & Treadwell, liquors, New York city, sus. pended. G. H. Swords, Walton & Co., hardware, New York city, suspended. C. B. Conant, Dodge & Co., hardware, New York city, suspended. Thomas Douglass, hardware, New York city, assigned to Cha les Douglass and John M. Eagar. Carpenter & Fullerton, New York city, assigned; caused, at lemid, by failure of Acker & Harris. Street & Emanuel Brothers, New York city, falled. Salmon & Meyer, New York city, suspended. Stephen Potter, Jumber, New York city, assigned. Geo. W. Alwaier, New York city, suspended. Rich & Lou'rel, New York city, suspended. Clark, Guthrie & Ssurgis, Buffalo, N. Y., suspended. E.K. Bruce, Buffalo, N. Y, falled William Penfield, Buffalo, N. Y falled. Prait & Perrine, Rochester, N. Y., assigned. Orange Cassin, Rochester, N. Y., failed. Justin Forbes, Mount Morris, N. Y., failed and assigned. Bank of New Jersey, New Brunswick, N. J., suspended. John G. Kitchen. Newark N J., failed. I. D. Hail & Oo., Trenton, N. J., failed. M. B. Canfield, Orange, N. J., suspended and said to have compromised. Dawson & Hancock, iron and crockery, Philadelphia, suspended; liabilities very heavy. John Y. Rushton & Co., crockery, Philadelphia, suspended. Themas White & Co, straw goods, Philadelphia, suspended; liabilities said to be $300,000. F aiberhoff, Montgomery & Co., grocers, Philadelphia, failed. W. P. & G. Hacker, crockery, Philadelphia, suspended. W. W. & H Smith, Philadelphia. Hayes & Smith, coal, Philadelphia, suspended. Joseph Ripka, Philadelphia, suspended; liabilities about $500,000. Hart, Montgomery & Co., Philadelphia, suspended. Marple, McClure & Co., Philadelphia, suspended. J. & W. Horrock, dyers, Philadelphia suspended. Rockhill & Wilson, clothing Philadelphia, suspended. Hotchkiss & Barton, Scranion, Penn, falled. John Gommell, Patersville, Pean, failed. P. H. Sullivas, broker, Baltimore, Md., failed. Michael Weavel, Cumberland, Md., failed. Pratec & Nourse, bankers, Washington, D. C., sus. pended. Binford, Mayo & Blair, Richmond, Va., suspended. Bonham, Gilbermon and Co., Wheeling, Va, assigned. James Carrigan, Charleston, 8. C suspended. W. B. Beazley, Wilston, S. C., falled 8 Eusell & Sons, Morganfield, Ky., failed. Bisely & Co., St. Louis, Mo., suspended. R.H. Habbard, St. Louis, Mo., suspended. D. Armfield, St. Louis, Mo., assigned. Smead, Callord & Hughes, bankers, Cincinnati, Ohio, suspended. Jesse A. Moore, Cincinnati, Obio, assigned. Rose & Jennings, Columbus, Ohio, suspended and assigned. D.E. Livermore, Sandusky city, Ohio, suspended. E. Franklin & Son, Alexandria, Ohio, failed and assigned. H. M Chandler, Attica, Ohio, failed. J. C Schuyler, Attica, Ohio, failed. Ourtise & Bibbler, Berwick, Ohio, failed. E. Higbee, Attion, Ohio, failed. Stearm, Lcomey & Co., La Porte, Indiana, falled and as. signed. B. F. Farnsworth, Chicago, Illineis, assigned to F. M. Williams. G. F. Hamilton, Chicago, Illinois, failed and assigned. D. C. Norton, Lockport. Illisois, assigned. John C. Forbes, Lane, Illinois, failed. Wm. C. Kyle, Franklin, Michigan, failed. E. Fish pool, New Baltimore, Michigan, assigned. Powell & Bicard, Waterford, Wisconsin, failed. M. Gullen, Beloit, Wisconsin, failed. I. F. Lyon & On, Fairfield, Wiscomsin, failed. E. K. Tribue, Onouna, Iowa, suspended. Albert & Ross, Burris, Iowa, failed. Askew & Cavitn, Grandview, Iowa, failed. H. C. Knowles, Agency City, Iown, failed. Charles Robinson, Teronto, Canada West, suspended.


Article from New-York Daily Tribune, September 18, 1857

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J. Bell Co., Bankers," New-York City, sueWithiam pended. Frost Pierce, "Hate." New-York, suspended. Bayand & Treadwell. Liquors," New. City, suspended. G. H. Swords Walton & Co., Hardware," New York City, suspended. C. B. Conant, Dodge & Co., "Hardware," New-York City, suspended. Thomas Donglase, "Hardware," New.York City, assigned to Charles Douglass and John M. Eager. Carpenter Fullerton, New York City, assigned; caused, it said, by failure of Acber & Harris. Strauss & Emanuel Brothers, New York City, failed. Selmson & Meyer, New-York City suspended. Stephen Potter, Lumber,' New York City, assigned. George W. Atwater, New York City, suspended. Rich & Loutrel, New York City, suspended. Clark, Guthrie & Sturgis, Buffalo, N. Y, suspended. E K. Bruee. Buffalo, N. Y., failed. William Penfield, Buffalo, N. Y., failed. 6 Pratt & Perrine, Rochester, N. Y, assigned. Orange Catlin, Rochester, N. Y., failed. Justin Forbes, Mount Morris, N. Y., failed and assigned. Bank of New-Jersey, New Brunswick, N. J., suspended. John G. Kitchen, Newark, N. J., failed. L. D Hall & Co., Trenton. N. J., failed. M. B. Carfield, Orange, N.J., suspended, and said to have compromised. Dawson & Hancock, "Iron and Crockery," Philadelphia, suspended; liabilities heavy. John Y. Rushton & Co., "Crockery," Philadelphia, suspended. Thoma* White & Co., Straw Goods," Philadelphia, suspended; liabilities said to be $300,000. Featherhoff, Montgomery & Co., Grocers," Philadelphia, failed. W. P. & G. Hacker, Crockery," Philadelphia, suspended. W. W. & H. Smith. Philadelphia Hayes & Smith, Coal," Philadelphia, suspended. Joseph Ripka, Philadelphia, suspended; liabilities about $500,000, Hart, Montgomery & Co., Philadelphia, suspended. Marple, McClure & Co., Philadelphia, suspended. J. & W. Horrock, Dyers Philadelphia, suspended. Rockhill & Wilson, Clothing," Philadelphia, suspended. Hotchkiss & Barton, Scranton, Penn. failed. John Gommell, Peteraville, Penn., failed. P. H. Sullivan, Broker," Baltimore, Md., failed. Michael Weasel, Cumberland, Md. failed. Praiso & Nourse, Bankers," Washington, D. C., suspended. Binford, Mayo & Blair, Richmond, Va, suspended. Bonham, Gilbertson & Co, Wheeling, Va, assigned. James Carrigan, Charleston, S C., suspended. W. B. Beazley, Wilston, S. C., failed. S. Eusell & Sons, Morgenfield, Ky., failed. Merritt, Bisely & Co., St. Louis, Mo., suspended. R. M. Hubbard, St. Louis, Mo., suspended. D Armfield, St. Louis, Mo, assigned. Smead, Callord & Hughes, Bankers," Cincinnati, Ohio, suspended. Jesse A. Moore, Cincinnati, Ohio, assigned. Ross & Jennings, Columbus, Ohio, suspended and assigned. D. E. Livermore. Sandusky City, Ohio, suspended. E. Franklin & Son, Alexandria, Ohio, failed and assigned. H. M. Chandler, Attica, Ohio, failed. J. C. Schuyler, Attica, Ohio, failed. Curtise & Bibbler, Berwick, Ohio, failed. E Higby, Attica, Ohio, failed. Stearm, Loomey & Co., La Porte, Ind, failed and assigned. B. F. Farnsworth, Chicago, Ill., assigned to F. M. Williams. G. F. Hamilton, Chicago, III, failed and assigned. D. C. Norton, Lockport, Ill., assigned. John C. Forbes, Lane, Ill., failed. Wm. C. Kyle, Franklin, Mich failed. E. Fishpool, New Baltimore, Mich., assigned, Powell & Sicard, Waterford, Wis., failed M. Gullen, Beloit, Wis., failed. I. F. Lyon & Co., Fairfield, Wis, failed. E. K. Tribue, Ononna, Iowa, suspended. Albert & Ross, Burris, Iowa, failed. Askew & Catlin, Grandview, Iowa, failed. H.C. Knowles, Agency City, Iowa, failed. Charles Robinson, Torento, C. W., suspended. The President of the Commercial Bank of Columbia, South Carolina, writes us that that Bank is not thrown out. To The Editor of The N. Y. Tribune. SIR: The statement which appears in your paper of this date, so far as the Commercial Bank of Columbia, South Carolina, is involved, is entirely without foundation, and I take the responsibility of pronouncing it untrue. I refer you to the Fulton Bank, New-York, to indorse my statement. J. A. CRAWFORD, Pres't Commercial Bank, Columbia, S.C. NEW-YORK, Sept. 17, 1857. The following are the receipts of the Morris Canal Company for the past week and season, as compared with the receipts to corresponding time last year. $201,434.26 Total to Sept. 6, 1856 10,758 23 Week ending Sept. 10, 1856.... $212,192 49 $199,887.96 Total to Sept. 5, 1857 9,106 61 Week ending Sept. 12, 1857 $208,944 57


Article from Columbia Democrat and Bloomsburg General Advertiser, September 26, 1857

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W. A. J. BRITTAIN, Sec'y. Suspended and Broken Banks. For the information of our readers, and in order to guard them against receiving worthless money, we publish the following list of recently suspended and broken Banks, which has been carefully compiled and compared with the list of the brokers in the city. It is gratifying to note that thus far in the present financial crisis, not a single Pennsylvania Bank is included in the list It is to be hoped they will be able to ride out the storm. Mechanics' Banking Association, N. Y. Farmers' Bank of Saratoga county, N. Y. Sacketts Harbor Baok, Buffalo, Reciprocity Bank, Buffalo. Chemung County Bank, Horseheads, N. Y. Ontario Bank, Vica, N. Y. Ontario County Bank, Phelps, N. Y. Oliver Lee & Co.'s Bank, Buffalo, N. V. Hollister Bank, Buffalo. Niagara River Bank, Towanda, N. Y. Bank of Orleans, Albion, N. Y. Huguenot Bank, New Paltz, N. Y. New-York County Bank, N. Y. Farmers' Bank, Wickford, B. I. Mount Vernon Bank, Providence, R. I. Rhode Island Central Bank, East Greenwich, R. I. Bank of South County, Wakefield, R. I. Warwick Bank, Warwick, R. I. Tiverton Bank, Tiverton, R. I. Bank of Hallowell, Maine. Hancock Bank, Ellsworth, Maine. Danby Bank, Danby, Vt. Bergen County Bank, Hackensack, N. J. Bank of New Jersey, New Brunswick, N. J. Merchants Exchange Bank, Bridgeton, Ct. Wooster Bank, Wooster, Ct. Sanford Bank, Sanford, Maine. Monson River Bank, Monson, Mass. Kanawha Bank, Virginia. Miama Valley Bank, Dayton, Ohio. S Bank of West Tennessee, Memphis, Tenn. a Agricultural Bank, Brownsville, Tenn, d Bank of Commerce, Georgetown, D.C. Colchester Bank, Connecticut.