Article Text
Banking News. BUFFALO, Aug. 31-P. M. Hollister's Bank has failed. Heavy run on White, Oliver, Lee & Co., and the Buffalo City Bank. The excitement this morning was intense. Now subsiding. Reciprocity Bank did not resume this morning.
14955. Buffalo City Bank (Buffalo, NY)
Bank Information
- Episode Type
- Run Only
- Bank Type
- state
- Start Date
- August 31, 1857
- Location
- Buffalo, New York (42.886, -78.878)
Metadata
- Model
- gpt-5-mini
- Short Digest
fc152b1c
Response Measures
None
Description
Contemporary reports (Aug 31, 1857) describe a heavy run on the Buffalo City Bank tied to the failure of P. M. Hollister's Bank and runs on other local banks. No article reports Buffalo City Bank suspending or closing; therefore classified as run_only. Bank type is not specified in the articles.
Events (1)
1.
August 31, 1857
Run
- Cause
- Local Banks
- Cause Details
- Run triggered by failure of P. M. Hollister's Bank and runs on other local banking houses in Buffalo.
- Newspaper Excerpt
- Heavy run on White, Oliver, Lee & Co., and the Buffalo City Bank. The excitement this morning was intense. Now subsiding.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Monetary Difficulties at Buffalo. BUFFALO, Aug. 31.-The Hollister Bank has failed. There is a heavy run on Messrs. White, Oliver, Lee, & Co's. banking house, and on the Buffalo City Bank. The excitement this morning was intense, but it is now subsiding. The Reciprocity Bank did not resume this morning.