1576. City Bank (Hartford, CT)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
October 14, 1857
Location
Hartford, Connecticut (41.764, -72.685)

Metadata

Model
gpt-5-mini
Short Digest
ed1e6fe2

Response Measures

None

Description

Articles (Oct 14, 1857) report City Bank in Hartford joining several other local banks in suspending specie payments during the 1857 financial crisis. No runs, receivership, or reopening details are given in these clippings; such suspensions in 1857 were typically temporary. I therefore classify as suspension_reopening as the most likely outcome, noting reopening is not documented in the provided articles.

Events (1)
1. October 14, 1857 Suspension
Cause
Macro News
Cause Details
Joint decision by bank officers to suspend specie payments 'during the present crisis' amid the nationwide financial panic of 1857.
Newspaper Excerpt
At a meeting of bank officers this morning, it was voted that the Hartford, Phenix, City, State and Farmers' Banks suspend specie payments.
Source
newspapers

Newspaper Articles (3)
1. October 15, 1857 The New York Herald New York, NY
Article from The New York Herald, October 15, 1857

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Article Text

BANK SUSPENSIONS IN HARTFORD, CONN. HARTFORD, Oct. 14, 1857. At a meeting of bank officers this morning, 11 was veled that the Hartford, Phoen'x, City, State and Farmers' Banks suspend specie payments. The Connecticut River Bank has not suspended. There is no excitement.

2. October 15, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 15, 1857

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Article Text

BANK SUSPENSIONS IN HARTFORD, CONM. HARTFORD, Wednesday, Oct. 14, 1857. At a meeting of bank officers this merning it was voted that the Hartford, Phenix, City, State and Farmers' Banks suspend specie payments. The Connecticut River Bank has not suspended. There is no excitement. SUSPENSION OF THE PORTLAND BANKS. PORTLAND, ME., Wedneeday 14, 1857. All our city banks suspended specie payments today.

3. October 15, 1857 New-York Daily Tribune New York, NY
Article from New-York Daily Tribune, October 15, 1857

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Article Text

ing interests, ite suspension would throw out of canployment nearly & thousand persons. The bank euspersion created very little excitement. The Massachusetts Bank, the only one refusing to join in the suspension, declares its intention to continue specie payments permanently. BANGOR, Me., Wednesday, Oct. 14, 1857. At a meeting of Bank Directors, held herethis afternoon, it was voted to suspend specie payment during the present crisis. Resolutions were also passed expressing confidence in the Suffolk Bank system, and refusing to take bills not redeemed in Boston. BANK SUSPENSIONS IN HARTFORD, CONM. HARTFORD, Wednesday, Oct. 14, 1857. At a meeting of bank officers this merning it was voted that the Hartford, Phenix, City, State and Farmers' Banks suspend specie payments. The Connecticut River Bank has not suspended. There is no excitement.