Bank of Hudson - Hudson, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 2, 1857
Location: Hudson, New York (42.253, -73.791)

Metadata

Model: gpt-5-mini
Short Digest: f5d4a706

Response Measures

None

Description

The article (Oct 1857) mentions a suspension affecting the Bank of Hudson in the context of the nationwide panic of 1857. The text is OCR-corrupted; I corrected obvious errors. The article does not describe a discrete depositor run or any reopening — it reports suspensions as part of the broader 1857 financial crisis and suggests many banks may not reopen, so I classify as suspension_closure while noting permanent closure is not explicitly confirmed in this single clipping.

Events (1)

1. October 2, 1857 Suspension

Cause: Macro News
Cause Details: Part of the widespread financial panic/revulsion of October 1857 affecting many banks nationally; article groups Bank of Hudson among banks suspending payments.
Newspaper Excerpt: or Bank, at Hudson. Bank of Hudson ; the old C, of this State; ... notes are thrown ... suspension
Source: newspapers

Newspaper Articles (1)

1. October 5, 1857 The Day Book Norfolk, VA

Article from The Day Book, October 5, 1857

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Article Text

xchanges we gather the ligence of the continulter stingency in the fie North generally and city in particular. The which a few days ago rest to the weary busin in earnest to boil,and a rapid succession casts unfortunate merchant few months since was the millionare of the in the great metropoeverywhere where exMay we not pass the T, as our little barque on board. extracts from the evilwho presides over the the New York Herald. "FRIDAY, Oct. 2-P. M. moony days we have seen six months this has been worst. All the panics inced are as nothingcomof to-day. The decline terday has been greater in the same length of esent revulsion comment board to-day there was stampede among holders he best on the list were it and left. If there is a th for some stocks they tely out of sight. The just be immense, and the arge must be suffering imhe enormous depreciation " of the house of Pierre & Co., fur dealers, &c., this morning. This is a t. Louis house. There are houses, and it is supposed one down together. This lest houses in the country, lately was supposed to be The feature of the present at some of our oldest and tile concerns have been the e of a large hanker, railspeculator, &c., up the ri1. The party named ford a prominent position as officer of the Erie Railroad We idirectly involved to in tl Long Dock Company. tant interests at Newburg lously by this suspension.' n RR: or Bank, at Hudson. Bank of Hudson ; the old C, of this State; the Stark and the Bass River Whusetts. notes are thrown W kin addition to those prementioned. As gener thing, all of our railraod cks are unr tive. It is pretty ceron th part of these corporations will be general suspension of divioj and it be years before the best tem reo and many will never ie. 1 and have long anticipated such sult, it is about being realised. his class St of arities will be inprductive years. are settling down out as fast as other on the list, and esales are daily creasing. "The position of Over banks is a mattter calm and serious consideration. This onth and ne is the e time for our heaviest wments, he financ 11 lwe rust look for such times world as have never beft re seen show to the in reality no nch.an instant