Banks of New York - New York, NY

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: September 20, 1873
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 6dd89326

Response Measures

None

Description

Article (Wilmington Daily Gazette, 1873-09-22) states that the Banks of New York 'suspended payment' at noon on Saturday (Sept 20, 1873). The brief notice gives no mention of a preceding run or of receivership/closure. Given the wider context of the Panic of 1873 (a macro shock) New York banks suspended payments temporarily and later resumed — I classify as suspension_reopening as the most likely outcome. No explicit reopening or closure is stated in the provided text.

Events (1)

1. September 20, 1873 Suspension

Cause: Macro News
Cause Details: Suspension of payments by New York banks amid the financial panic of September 1873 (widespread banking distress).
Newspaper Excerpt: At 12 o'clock on Saturday, the Banks of New York suspended payment, closed their doors,
Source: newspapers

Newspaper Articles (1)

1. September 22, 1873 Wilmington Daily Gazette Wilmington, DE

Article from Wilmington Daily Gazette, September 22, 1873

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Article Text

BANKS SUSPENDED.-At 1 2 o'clock on Saturday, the Banks of New York suspended payment, closed their doors, and advised their customers to invest their funds in those beautiful lots on 9th, 10th, Clayton and du Pont streets, on next Saturday, f Sept. 27th, 1873, at Reynolds & Co.'s sale. I