Banks of New York City (collective)

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: October 14, 1857
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: dd30c07c

Response Measures

None

Description

Article (Lancaster Ledger, Oct 21, 1857) reports that All the Banks in this city suspended to day (New York, Oct 14). This is a collective, general suspension during the 1857 panic (systemic). The article gives no information about runs, receivers, or permanent closure; such suspensions were typically temporary, so classified as suspension_reopening rather than a permanent closure.

Events (1)

1. October 14, 1857 Suspension

Cause: Macro News
Cause Details: General, citywide suspension as part of the wider 1857 financial panic and contagion among banks.
Newspaper Excerpt: Financial Affairs in New York. New York, Oct. 14-All the Banks in this city suspended to day.
Source: newspapers

Newspaper Articles (1)

1. October 21, 1857 The Lancaster Ledger Lancaster, SC

Article from The Lancaster Ledger, October 21, 1857

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Article Text

Celegraphic. Georgia Banks. AUGUSTA, GA., Oct. 14-A public meeting of citizens held in this city, rec ommends the Banks to suspend. The Union Bank has suspended this morning. There RTG no other suspensions in this city. MACON, GA., October 14.-The Manu. facturers' Bank in this city has suspen ded. Financial Affairs in Pennsylvania. Harrisburg, Pa., Oct. 14-The Legis lature, in special session in relation to fi nancial affairs, has adjourned. The Gov. ernor of the State has signed the Relief Bill. Citizens' Meeting in Savannah. Savannah, Ga., Oct. 14-A meeting of citizens, held in this city to day, recommended that the Banks suspend. The Georgia Rail Road Bank. Augusta, Oct. 13.-The Georgia Rail Road Bank has suspended. The Boston Banks. Boston, Oct. 15.-The Banks in this city yesterday, voted for a general suspension. New Orleans Banks. New Orienns, Oct. 14.-The Bank of JAMES ROBB kept paying specie till six o'clock torday. There is no doubt of its ability to go through the panic. There is no doubt of the Southern Bank. Virginia Banks. Richmond, Va., Oct. 15.-The Bank of Virginia in this city, and the Branch Bank at Petersburg. have suspended :also the Exchange Bank in this city, and the Exchange Bank in Petersburg. The Tennessee Banks. Nashvitie, Tenn., Oct. 16.-The Banks of this State having suspended, the Leg. islature is considering what course it is best to pursue. Suspension in Savannah. Savannah, Ga., Oct. 15.-A meeting of Presidents of the Banks of this city, held last evening, resolved unanimously upon suspension. and the resolution was carried into effect this morning. Financial Affairs in New York. New York, Oct. 14-All the Banks in this city suspended to day. More Suspensions New York, Oct. 14.-In Hartford, Conn., in Albany, N. Y., in Portland, Maine, and in New Jersey, all the Banks have suspended. Custom House Robbed. Richmond. Va. Oct. 13 The Custom