15529. Broadway Bank (New York, NY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1873*
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
2991fc17

Response Measures

None

Description

Articles state 'When the Broadway failed, last winter' (relative to Oct 1873). No description of a run tied to Broadway in these excerpts; it is described as having failed earlier in the winter and thus appears to have suspended and closed. Exact failure date and cause are not given in the snippets; cause set to 'other'.

Events (1)

1. January 1, 1873* Suspension
Cause Details
Article only states the bank 'failed' during the previous winter; no specific trigger or cause described.
Newspaper Excerpt
When the Broadway failed, last winter
Source
newspapers

Newspaper Articles (2)

Article from Chicago Daily Tribune, October 5, 1873

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Article Text

NEW YORK. Droll Incidents of the Panic-Excited De positors and Enterprising Reporters, Startling Story of an Aeronaut---Airy Chivalry, and Its Tragic Result. From Our Own Correspondent. NEW YORK, Oct. 2, 1873. The panic, or at least the consequences of it, has passed the proverbial nino days. It is still the absorbing topic, as well it may bo, since it has affected everybody's pocket, directly or indirectly. Now that the Stock-Exchänge has been reopened, and that things have settled down, Wall street is likely to go on in its accustomed course. THE BTOCK-EXCHANGE CLOBURE. Many persons are curious to know whether the Exchange has over been closed before to arrost any monotary excitement: the assortion having been made that it had previously been shut. When President Lincoln was assassinated the Board adjourned, ostonsibly out of regard to the memory of the Chief Executive really to provent a panic, seriously threatened by the loss of the political head of the nation. On that day gold advanced 20 per cent, and the Exchange would have been the scono of ruinous fluctuations, save for the precautionary intermission. But this was the first time the Board has suspended operations in the midst of a panio for the purpose of self-preservation. The examplo of Vionna was followed, and with good results. DOOMED TO FAILURE. Everything has its comical side, however 60rious or alarming the thing may be in itself. There have been many droll and entertaining incidents connected with the late financial agitation. A retired merchant, somowhat advanced in life, had Bomo e30,000 deposited in the Union Trust Company when it stopped. Ho mentioned BO repeatedly to his friends that ho had failed that one of them asked him how much he thought he could pay on the dollar. "I don't owe anything," he roplied but, as all my ready money is locked up in a suspended cona cern, I must have failed, of course. But, since if have como to reflect on it, I don't 800 that I have, either. A man that has no debte can't fail.con he? Really, I never thought of that. n I am delighted to know I have made a mistako. I am solvent, after all." INTERVIEWING EXTRAORDINALY. The nuisance that interviewing has become is a known to and felt by every human being, except, perhaps, the interviewer himsolf. Since in the panio began, some of the most extraordinary in interviews have been printed by the press. Eminent bankers and financiers have been made to say what they never could have said until they is had been for several years inmates of lunatiohr asylums, They have been set down as authors of the most startling theories,-raving madnesses,-which could not have entered the brain of k, any man preserving a title of his with. Inteillgent and experienced bank-officera have been ta represented as gibberingidiota on the subject of 1finance, and veteran speculators as ignorant of in the rules of trade as crackers of stone on the ch st public highway. Usually reporters here are satisfied to distort ae what their victim says, or at most to put into his mouth words he has not uttered. The latest dovelopment transcends all this. A reportor from 10, the Times office, who claimed to have had a long talk with the manager of Fisk & Hatch's busf enoss, printed in the noxt issue the burden of his g imaginary information. He invented not only the interview, but the interviewed-gravely givoling 'Mr. Baldwin's" opinions on the situation, though no such man as Baldwin line over boon on in the employment of the bankers. Doubtless is this specimen of journalistic audacity will be 2 profusely imitated. It combines economy of in timo and convenience, and recommonds itself to .00 a certain class of reportorial minds (I hope the malignant printer won't convert the adjective, on bad enough as is, into the vulgar monstrosity fee reportorial) because it embodies exalted effrontory and a certain egotistic ingenuity. rk A LUCKLESS DEPOSITOR. 11A prominent lawyer, who had kept B large do00 posit for some timo in the Broadway Bank, drow it out, and placed it in the Atlantic Bank. on When the Broadway failed, last wintor, he felicitated himself upon the change ho had made. on, Early in the spring, he took his money from the ry Atlantic, and put it in the Union Trust ComNo. EXP pany. Boon after, the Atlantic closed its doors on and he was delighted to think how lucky he had 171 been in not leaving his funds in its ousya, tody. Last week the run began on the Union rs. PK= Trust, and he hurried to the bank, and, by three on hours of excitement, anxiety, and crowding, he 100 carried off his balance, and lodged it with Howes in, & Macy. There ho felt confident it would be Vsafe, and was confounded on learning that they cet had also suspended. Ho is now of opinion that ill. it was his destiny to have his money in some fail lbing banking-house, and that, if he had changed ta, it a hundred times, the ultimate result would yohave been the same. NOVEL CERTIFICATION. on A well-dressed stranger ordered an elaborate lodinner for twelve at a fashionable restaurant, a 17 fow evenings since. The diunor was


Article from Public Ledger, October 20, 1873

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Article Text

A Luckless Depositor. New York Cor. of the Chicago Tribune.] A prominent lawyer, who had kept a large deposit for some time in the Broadway Bank, drew it out and placed it in the Atlantic Bank. When the Broadway failed, last winter, he felicitated himself upon the change he had made. Early in the spring he took his money from the Atlantic, and put it in the Union Trust Company. Soon after, the Atlantic closed its doors, and he was delighted to think how lucky he had been in not leaving his funds in its custody. Last week the run began on the Union Trust, and he hurried to the bank, and, by three hours of excitement, anxiety and crowding, he carried eff his balance, and ledged it with Howes & Macy. There he felt confident it would be safe, and was comfounded on learning that they had also suspended. He is now of opinion that it was his destiny to have his money in some failing banking-house, and that, if he had changed it a hundred times, the ultimate result would have been the same.