Bank of Brockport - Brockport, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 3, 1844
Location: Brockport, New York (43.214, -77.939)

Metadata

Model: gpt-5-mini
Short Digest: aff6d7a8

Response Measures

None

Description

Article (New-York Daily Tribune, 1844-10-03) reports Bank of Brockport notes not redeemed and states The Bank is winding up. No run or depositor panic mentioned. This indicates voluntary winding up/closure rather than a run-driven suspension. OCR errors corrected minimally (e.g., spacing and punctuation).

Events (1)

1. October 3, 1844 Suspension

Cause: Voluntary Liquidation
Cause Details: Article states the bank's notes are not redeemed and explicitly says the bank is winding up, indicating voluntary winding up/closure rather than a run or regulatory closure.
Newspaper Excerpt: The notes of the Bank of Brockport are not redeemed... The Bank is winding up.
Source: newspapers

Newspaper Articles (1)

1. October 3, 1844 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, October 3, 1844

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Article Text

$547,750 The receipts of the Norwich and Worcester Railroad Company for the month of September reach closely upon $25,000. The month had but 35 working days. The receipts over the Harlem for September are about $15,000. The Company have now the rail for re ironing the track from City Hat to 27th st. and are about to commence the work at once. The new iron is the Trul. The Company arealso about to place new and commo Pous carson the short route. The prospects for the ensuing year are very promising. The Firemen Insurance Company have declared adividend of three per cent. payable on the 9th inst. The receivers of the Neptune Insurance Company have given notice that they will pay a final dividend to the stockholders of SIS 07 cents per share on the surrender of their certificates The North River Insurance Company have declared a semi annual dividend of five per cent. payable on the 10th inst. Thompson, of the Bank Note Reporter has inverted a new system of domestic exchanges. He says: In ten years from this date. the cotton factor in New-Orients will correspond. through the medium of the electric telegraph. with his principal here. This transmission of orders. as with the rapidity of thought. will have a magical influence on the money and commerce of the country. A. B. a New-Orleans merchant. wishing to pay D. K. of New-York a thousand dollars. reaches his check to the exchange broker. and says. Order your correspondent in New-York to pay this amount to D. K on my account." The broker sends to the manager of the telegraph is written note in these words L. Corning & Co. of N. order Corning & Co. of N. Y. to pay D. K. one thousand dollars nac't of A. B" In five minutes n copy of this but of exchange" 18 placed in the hands of Corning & Co. of N. Y. and a duplicate in the hands of D. K. by the New. York conductor of the telegraph. At this rate. how mach capital would it require to regulate the exchanges of the country ? Wm. M. Graham has been elected Cashier of the Middletown Bank of Orange County. N. Y. in lace of A. Wright, Esq. The notes of the Bank of Brockport are not redeemed. there are. however, but it few out, and those are quoted at 25 discount. The Bank is winding up. The notes of the Honesdale Bank, Pa. are quoted tone per cent. discount. Four thousand lbs. of wool from Chicago were sold at Buffaio, last work. for 25 cents per 1b. The increase of gool in the West is about 25 per cent. a year. We learn from Col. Hatch that the contract for 10,000 gallons of Sperm Spring Oil, and 5,000 gallons of Winper-pressed Oil from head matter. for the supply of the Light house in Massachusetts. was closed yesterday at the Boston Custom House in favor of E. M. Robinson of this town, at 90 cents per gallon for the former and 93 for the latter. The Oil into be of the best quality, and to be delivered in Boston on the 10th of October. in prime order. (New Bedford Mercury. Markets at Curacoa. By the Ontario, arrived last evening. we learn that Corn Men! was selling 0275 to 01 Flour 85 50 to 86 Keef Mess