Mechanics Bank - New York, NY

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: June 26, 1819
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 86dd7667

Response Measures

Accommodated withdrawals, Public signal of financial health

Other: None beyond paying out specie to reassure depositors.

Description

Article (Richmond Enquirer, 1819-07-02) reports a morning run on the Mechanics' Bank in New York in late June 1819. No suspension, reopening, or receivership is mentioned. The piece links loss of confidence to troubles connected with 'Mr. Barker' and his stores; I classify this as bank-specific adverse information causing withdrawals. OCR errors in the article were corrected (e.g., fragmented phrases). Date for the run is inferred as late June 1819 (article references June 25 and 'Friday last').

Events (1)

1. June 26, 1819 Run

Cause: Bank Specific Adverse Info
Cause Details: Loss of confidence tied to troubles involving 'Mr. Barker' and his stores; panic/withdrawals at the bank reported.
Measures: Judge Livingston (and others) reportedly went into the bank and offered specie support, promising specie and to take up notes to restore confidence.
Newspaper Excerpt: the only paper which speaks of that morning run on the Mechanics' Bank of the on Friday last.
Source: newspapers

Newspaper Articles (1)

1. July 2, 1819 Richmond Enquirer Richmond, VA

Article from Richmond Enquirer, July 2, 1819

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Article Text

EXCHANGE BANK. YORK. June public NEW relative to Mr. Barker's stores bank citement ussomewhat subsided, and several in pay have offered to receive his notes confidence for goods, at par; their We ment them not being wholy shaken. in hope and trust that Mr. Barker may succeed in making good all his engagements, or the loss falls on the poor portion with community, the and consequently [N. is felt Adv. more severity. New York Advocate of Saturday The is the only paper which speaks of that morning run on the Mechanics' Bank of the on Friday last. Private letters yester- stat[Balt. day's mail. city ing the fact were also received by Amer. We understand, that during the run Mechanics' Bank yesterday, Judge iiion went into the the those who were there, theur Livingston formed the bauk, that and if of the bauk could not pay callon officers fast as they wished, they might for as and he would give their specie thousand hiar, their notes to the extent of ten dollars. June 25.-Westale the for public under ALBANY, that the bills of the information banks are not received by treasu named in this city nor at the state thus disbanks How long they will remain :ry. is not for us to guess credited of Hudson--queduct AssociaBank Green County Bank-Niagaration or and Warren-Exclange Jefferson Bank, Washington New York-Ontario, and County. Postscript--After the foregoing com- rein type, we learnt, that this city, marks were of the different banks in not to mittees came to the resolution counters the yesterday receive at their respective co the following banks, viz:of Catskill, Middle District, Platts. Bank, Hudson, Jefferson County, Exchange Washington Columbia, burgh, Green County, Niagara-and to Warren, Ontario, following country and the paper of the Newburgh, do. receive 15 days, to Central, banks,,& Ithica, Orange County, Utica, branch Chenango at Utica, Ontario branch Argus. at Geneva, Auburn. LATEST FROM SOUTH Ayres AMERICA. of the 30th Letters from Bueuos the latest. have been reBlarch, three New weeks York. post marked MACEDONIAN, at Wilmingcelved at United States frigate 12th January ten. The Valparaiso on the been spoken off atrived Lord Cochrane's at squadron Petition had was to sail troin 15th Lima. The schooner for New York on Baltimore. the Baemos Schooner Ayles Plattsburg N. of V. Mer. Are had April rived at Monte Video. a CLAIMS OF PORTUGAL has been issued 111 Portugal which A the notice Board of Commerce, from governby that the Portuguese the it to claim of sustained ment is of the isses of States appears, the preparing amount consequence United by their merchants, IN under the Arall the captures The by privateers notice is as follows to : tigas flag: The Royal Board of Commerce known his Majesty's That his subjects majesty makes has been pleased interested to order, that the insulted, owners er robbed those or captur- of in ed the by vessels the pirates, present sustained, legal proofs in order the loss 's they have claims may be made upthat U. the States. necessary Forthispurpose the requir- peron the interested in those losses mentioned are docusons exhibit the above the date ed to within thirty daysafter may be ments, notice, that they royal of submitted the present 10 his majesty for his termination. whereof the said Board has in directed In virtue the above order to be received published, from the consequence secretary of of state the and war department, dated the 23d instant. JOSE Alindsio das Neves. (Signed) This Lisbon, was to 28th have April, been that 1819." expected, we have and not isindeed surprising demands being it fact made upon our in our couris which heard is before daily established of government. such the It privateers, is a which of justice, for pillaging, so that long almost and a time robbing all have on been plun- the True odering, fitted out in our ports. proceedcean, are haye laws against such openly ings, it is we but they are publicly and violated. prizes captured by any within of the When privateers are brought the our rejurisdiction, Artigas they 319 libelied and by restored presentatives of but Portugal, the property is depre- an by our courts value ; : it is brought charges, to ciated III market, it is wasted ev by as one is improper losses and sacrifices, and But of ever are ben filled more than the very own fers the number arrive captured in the United States. under known to are smuggled in The remainder and millions of property Inis various devices, unfortunate owners. are lost to the that if our governequitable and possess just, the vigor or activi- citiment does which is not necessary to nation prevent at our peace damages. zens ty with us, from we plandering should answer a for and pay the The Editor of the have been bitten which by to those scull-cap. notice the plant who called Evening has be given mad ob- is dogs, that this dreadful disease, William may street, charge. said tained and of to at cure Mr. his Adams, Printing The No. Office, following 52, III Beek is published street,