Banks of New York (collective)

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 1, 1907*
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: d28dc77d

Response Measures

None

Description

Article refers collectively to New York banks suspending payments during the 1907 panic. It does not describe a specific run or the reopening here, but historical context and the article's defensive tone imply the suspension was part of the 1907 systemic panic (macro). Because no individual bank is named and only the 1907 suspension is referenced, I treat this as a suspension caused by macro/systemic panic that ultimately was resolved (reopening implied).

Events (1)

1. November 1, 1907* Suspension

Cause: Macro News
Cause Details: Suspension of payments by New York banks as part of the 1907 financial panic / systemic crisis.
Newspaper Excerpt: their suspension of payments of the money they held belonging to other banks in the 1907 panic.
Source: newspapers

Newspaper Articles (1)

1. December 9, 1913 The Washington Times Washington, DC

Article from The Washington Times, December 9, 1913

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Article Text

Currency Bill Speeches Soon To Be Concluded Early conclusion of the set speeches on the currency bill is expected in the Senate and the bill will then be considered paragraph by paragraph. Much informal discussion will arise in that connection, but nothing has developed to indicate the bill will not be passed before Christmas. The feature of the debate yesterday was the attack by Senator Swanson on the banks of New York for their suspension of payments of the money they held belonging to other banks in the 1907 panic. This was resented by Senator O'Gorman in strong language. Senators Root and Weeks also defended the New York banks. Senators Nelson and Weeks, in addition to Senator Swanson, were the chief speakers in the course of the session yesterday afternoon and last night.