Bank of Hudson - Hudson, NY

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: *
Location: Hudson, New York (42.253, -73.791)

Metadata

Model: gpt-5-mini
Short Digest: 6e6f6952

Response Measures

Borrowed from banks or large institutions

Other: Organized, politically-motivated weekly specie withdrawals arranged by opponents; Bank of North America supplied specie to shore up the Bank of Hudson.

Description

Article is an anecdote (political allegation) claiming that opponents 'made weekly runs' on the Bank of Hudson to break it during a congressional campaign. No mention of suspension, closure, receivership, or reopening. Classification: a run (organized political withdrawals) with no indicated suspension. Bank charter type not stated in article; left as unknown.

Events (1)

1. * Run

Cause Details: Organized political scheme — agents allegedly instructed to make weekly specie demands to damage the bank's credit (political intrigue by Van Buren to defeat Gen. Williams).
Newspaper Excerpt: went to New York, entered into an agreement with S. & M Allen to collect up the paper of the H Bank, and weekly make runs upon it for specie, with a view to break it.
Source: newspapers

Newspaper Articles (1)

1. November 6, 1834 Lynchburg Virginian Lynchburg, VA

Article from Lynchburg Virginian, November 6, 1834

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Article Text

MESSRS. VAN BUREN & CALHOUN. A correspondent sends us the subjoined anecdote, with the assurance that it is, in substance, a relation of facts, from beginning to end: MR VAN BUREN'S DEBUT: OR HIS FIRST ESSAY AT INTRIGEE. The following singular relatio is so strikingly characteristic of Mr. Van Buren's character, and withal so strongly corroborated by a personal witness, that I am constrained to ask an insertion of it in your paper: When Mr. Van Buren first determined to come before the public, as a candidate for Congress, in the city of Hudson and its vicinity, he had to contend with one of the most popular men in the State, Gen. Williams. Hedeemed his a forlorn hope-but he set his wits to work, in order to compass the great end he had in view, viz: to get into the public councils of the country. This cunning man was not long in devising a scheme, by which he completely defeated his competitor. The Bank of Hudson had been recently established, in which Gen. Williams was greatly the largest stockholder, and, of course, most interested to maintain its credit. Mr. Van Buren went to New York, entered into an agreement with S. & M Allen to collect up the paper of the H Bank, and weekly make runs upon it for specie, with a view to break it. Gen. Williams, seeing how matters were going on, and not being aware of the cause, agreed with the Bank of North America, to furnish him weekly with specie, to maintain the credit of the H. Bank. His time was so completely engrossed in attending to the concerns of his Bank, that he had no time to spare to attend to the canvass which was going on-whilst Mr. V. Buren, his opponent, s rained every nerve to secure his election, and succeeded by a large majority, over the most popular man in the State. This same man, Mr. V. B., is in correspondence with many of the most popular men in Virginia canvassing for the highest office in the gift of the people. They are now playing a game that will niake our ears tingle. I would now, under my present impressions, greally rather vote for J. C. Calhoun, for President of the U. States, than for the arch-intriguer, M. Van Buren. HONESTUS. For our own parts, we do not doubt that Mr. Van Buren is entirely capable of the dishonorable conduct therein attributed to him, if he may thereby promote his political advancement, even though he may not have been guilty of the offence particularly specified; and so, we fear, are too many of our politicians. But, tricky and unprincipled as it proves him to be, we, nevertheless, cannot arrive at the conclusion to which it has driven "Honestus." No consideration could induce us, as at present advised, to support John C. Calhoun for any office whatever; and we might defend the propriety of this determination, not exclusively by reference to old opinions abandoned and denounced, and to new and dangerous principles espoused with the fiery ze! which always signalizes the apostate, from interest rather than front conviction; but also by asserting, what his conduct authorises us to assert, that Mr. Van Buren himself is not a more finished intriguer or a more unblushing changeling. We believe that both Mr. Van Buren and Mr. Calhoun are dangerous men-and we are therefore opposed to both. Were they rival candidates for the Presidency, and the orly candidates, we should quietly look apon the contest, uninterested spectators. Neither our pen nor our voice shall assist in elevating either of them to the Presidential chait-though, as we once before remarked, if we were compelled to choose between them, we should prefer the New York to the South Carolina intriguer; not because he is more virtuous, but because he is less dangerous.