Article (1837-04-18) reports a multi-day demand for specie on People's Bank at Patterson/Paterson NJ; spelling 'Patterson' in paper corrected to Paterson. Withdrawals were met promptly; no suspension or closure mentioned.
Events (1)
1.April 18, 1837Run
Cause Details
Article does not give a trigger or reason for the withdrawals; only notes heavy specie demand.
Measures
Demand for specie was promptly met by the bank.
Newspaper Excerpt
The People's Bank at Patterson N. J, has been run upon for specie for several days, but the demand was promptly met.
Source
newspapers
Newspaper Articles (1)
1.April 18, 1837True AmericanNew Orleans, LA
Click image to open full size in new tab
Article Text
The P ople's Bank at Patterson N. J, has been run upon for specie for several days, but the demand was promptly met. It is said to be the soundest Institution in the State.