15393. Bank of the Metropolis (New York, NY)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
August 4, 1837
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
e37f0cef

Response Measures

None

Description

Articles (Aug–Sep 1837) state that Martin Van Buren approved the suspension of the Bank of the Metropolis. No mention of depositor runs, receivership, or permanent closure in the provided excerpts. In the Panic of 1837 many banks suspended payments and later resumed; here the evidence shows a suspension by government/administration action and no indication of permanent failure, so classified as suspension_reopening.

Events (1)

1. August 4, 1837 Suspension
Cause
Government Action
Cause Details
Administration (Martin Van Buren) approved suspension of the Bank of the Metropolis as part of wider bank suspensions in 1837.
Newspaper Excerpt
Now, be it remembered, that Martin Van Buren approved the suspension of the bank of the Metropolis!
Source
newspapers

Newspaper Articles (2)

Article from Vermont Phœnix, August 4, 1837

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Article Text

the papers published months ago, advertisements offering of a some premium of $400, for the best model a car to mails; a paltry premium indeed, proof a of the littleness in the offer the which would barely cover the cost baseenough carry of the such of sum, successful competitor's model. But be told.of the transaction remains to were Several ness very ingenious and costly models lo! The of award arrived, when Amos keeps the conit to no one of the sent and and behold! awards in. day competitors, premium But himself mark to his public stipulations! and trary the labor and toil and genius of the contributors, he, Amos, for the on his own hook, a tricked the ingenious to furnish him ics which of course, now constructing expense purpose, their farther of ideas, the now having country pretends vehicle gratis that that mechan- is he with they now has himself of them, he hunserved good enough! And so he has put of 50, are not of poor inventors to the expense cheated dreds 100 dollars or more, and then and or of their reward, baffled their hopes, stolen them their ideas! Hail Columbia, &c.' Travelling Postmaster. The mail between the rail and Utica is now carried on PostAlbany and is accompanied by a travelling of the side road, who leaves a mail at each distributes master, the route, and opens and in reoffices contents on of those which he receives transthe This arrangement facilitates the extent, turn. of the mail west to a very great the busimission proves of great convenience to roads. and community along the line of the wish ness accommodation of those who may at the For the after the closing of the mail been provito write the mail cars have each be Post Office, letter box, in which letters leave may the ded with a any time before the cars deposited rail road termination.-No at Y. Express. This!-The V. B. presses suspension are ful! mouthed Mark in crying out against it as a trick the to supply of England the banks, with charging specie. Now, be it remembered, the suspenMartin Van Buren approved and that that Bank of the Metropolis York sion of the Vun Buren Legislatures, New of several have authorized the suspension Not at the banks head, and removed their liabilities authorized the their Whig state has yet Tatchman. a bank single suspension.- Vermont W TRIUMPH IN TENNESSEE the lion, The are WHIG this State, the lair of eleven Whig counts cheering. from The election of beyond controindeed members of Congress is placed the districts the Van versy; and in a number the of contest and bring no candidate Burenites into abandon the field:-Balt. Chronicle. for THE MAINE Noyes, ELECTION. the new Whig The majority member the district for Joseph C. is 480. The Whig gain in in Septemis 1,407. is who have kept ber. all discouragements, Maine, If the There Whigs even hope there, under of Maine State their phalanx strong and all, in September, the atturn will be out, Whig, one and its Boundary Question tended to. N. Y. Express. In consequence of office the last destruc- year, Patents. records of the patent a law protion of the government has passed anew and the general for the record of all evidence patents until the viding no patent can be given again in in the office. same The Commissioner has been recorded of Patents has accordingly propriety to notice, suggesting the patents, published a of all persons holding The on the part with the law in this respect. sixteen comply Intelligencer says that nearly since hundred National patents have been filed anew the rising of Congress. Melancholy Accident.-Yesterday about thirteen years, afternoon fell young girl, aged window in the house a from a second story Front street, and was blinds, almost be- of Mr. Harley, in killed. She was venetian playing instantaneously the shutters and the former were fastentween probably that the and the they gave way, into the celwas directly beneath which was door of which was creature ed,-when lar, thinking precipitated situated headlong unfortu- convul- hapless the the of the window, and A slight groan-a and the left open. chest and limbs, , quivering a moment before, was ceased fullness who of life and be spirit, warned by so fatal an breathe. Philadelphia sive example.- being nately the Let but parents Gazette. had Allen enjoying Dell to The Arkansas Gazette 15th ult. says at that Batesville, for was executed on William the Compton. Previous -shootthe murder he of acknowledged rifle, the from crime, the fence, his death, Compton down with deed a he attributes to and of eight day's to the in the Ionian Wood, a paymaster come a out as a son madness ing Islands, Claimant this monstrous lately of British intoxication. regiment Throne.-A natural He states Mr his of has and Queen Caroline. that he is George to IV be prove John his birth Guelph, beyond and time the arrives. He a doubt to when to be the perfectly proper sane, and a ly respectable Portlander pared is of name represented officer. states possibility high- that preFarmers Lamentable.-T by the dozens may their be crops, seen they leaning able beto ing them all in.' on the so heavy fences they crying are over afraid of not being Boston Saturday The get Hon. Daniel last, from Webster an excursion arrived to in the far Disb I on West, in Hon. good Judge health. Harper, died of at his the residence U. S. in The Court, Maryland, July 27. trict State, on Thursday, the dock at the i with a harpoon. foot that A Shark of Fulton was street, caught The New "monster" near York, on measured Friday, n length, and nine A rattlesnake feet in length. twenty nearly one twenty rattles, feet was in killed by having


Article from Vermont Phœnix, September 1, 1837

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Article Text

Mark This -The V. B. presses are full mouthed in erying out against the suspension of the banks, charging it as a trick to supply England with specie. Now, be it remembered, that Martin Van Buren approved the suspension of the bank of the Metropolis! and that several Van Buren Legislatures New York at the head, have authorized the suspension of their banks and removed their liabilities!!Not a single Whig state has yet authorized the bank suspension.-Vt. Watchman.