Banks in New York City - New York, NY

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: October 12, 1857
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 6123030a

Response Measures

None

Description

Article is a brief calendar entry noting that on October 12, 1857 'Banks in New York city and Boston suspended' as part of widespread financial distress. No specific bank names are given and no follow-up about permanent closure is provided. This appears to describe a systemic suspension during the Panic of 1857; I treat it as a suspension (no explicit run) and likely temporary (historical context suggests suspensions were temporary), but the article does not state reopening explicitly.

Events (1)

1. October 12, 1857 Suspension

Cause: Macro News
Cause Details: Nationwide financial panic (Great financial distress / Panic of 1857) led banks in New York City to suspend payments.
Newspaper Excerpt: 1857-Great financial distress throughout the country-Banks in New York city and Boston suspended.
Source: newspapers

Newspaper Articles (1)

1. October 12, 1903 The Washington Times Washington, DC

Article from The Washington Times, October 12, 1903

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Article Text

Daily Calendar of American History October 12. 1857-Great financial distress throughout the country-Banks in New York city and Boston suspended. 1861-John M. Mason, of Virginia, and Jonn Slidell, of Louisiana, Confederate envoys to Great Britain and France, run the blockade in Charlestown harbor. 862-Confederates under Gen. J. E. B. Stuart retreated through Maryland to Virginia. 1864-Chief Justice of the Supreme Court of the United States Roger B. Taney died at Washington. 1865-President proclaimed martial law at an end in Kentucky. 1'70-Gen. Robert E. Lee born 1807, died at Lexington, Ky. 18.1-Proclamation of Fresident against Ku-Klux in South Carolina. 1886-Disastrous gale on the Gulf of Mexico. 1892-' Columbus Day," 400th anniversary of landing of Columbus celebrated in many cities.