Fort Plain Bank - Fort Plain, NY

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: June 17, 1846
Location: Fort Plain, New York (42.931, -74.623)

Metadata

Model: gpt-5-mini
Short Digest: cbfe7064

Response Measures

None

Description

Newspaper (1846-06-17) lists Fort Plain Bank among banks that suspended specie payment. No run or receivership is mentioned in the excerpt. There is no explicit statement of permanent closure; chosen classification assumes a suspension without a reported run and likely temporary suspension (suspension_reopening). If more articles show a subsequent receivership/closure, the classification would change.

Events (1)

1. June 17, 1846 Suspension

Cause: Macro News
Cause Details: Part of a batch of banks suspending specie payments (systemic/multiple-bank suspension reported).
Newspaper Excerpt: gives the Darsville, Fort Plain ... as having suspended specie payment.
Source: newspapers

Newspaper Articles (1)

1. June 17, 1846 Iowa Capitol Reporter Iowa City, IA

Article from Iowa Capitol Reporter, June 17, 1846

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Article Text

(also whig authority.) gives the Darsville, Fort Plain, Essex county, White Hall, St. Lawrence county, Banks, and Oliver Lee's Bank, as having suspended specie payment. So here we have no less than nine banks under this much admired safety fund system in a etate of actual suspersion at once. How soon they will explode no man knows; but no wise man will receive their bills or those of the banks connected with them, unless he has an opportunity of disposing of them at par immediately. The best of them are not safe to lay up over night. ### How It Works in Mississippi. The "St. Louis American," a Whig or Native paper, says that the entire batch of Mississippi banks have forfeited their charters by suspension-the Supreme Court of that State having decided that a continued suspension of specie payments is just & undoubted ground of forfeiture. The Jackson, (Miss.) Southron also makes the same statement, and says that the decision alluded to settles the banks of that State "now and forever." So mote it be.