16449. Bank of Northumberland (Northumberland, PA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
May 13, 1843
Location
Northumberland, Pennsylvania (40.892, -76.797)

Metadata

Model
gpt-5-mini
Short Digest
a601f17bc7d95122

Response Measures

None

Description

Articles describe a past temporary suspension (prior to 1843) after which the bank was paying specie by 1843, and later (1857) a directors' meeting to decide whether to accept the law legalizing suspension of specie payments. No run is reported. Classification: suspension_reopening (suspension(s) occurred but bank resumed operations).

Events (2)
1. May 13, 1843 Reopening
Newspaper Excerpt
This Bank now pays specie for all its obligations except its relief issues and its notes are now received at par in Philadelphia. ... although forced into a temporary suspension by the exigencies of the times, has never for a moment lost the confidence of the community ... We hope it will soon be able to resume its regular business, and afford that relief to business men, which they so much need.
Source
newspapers
2. November 5, 1857 Suspension
Cause
Government Action
Cause Details
Directors convened to decide whether to accept the new state/federal law (Oct 13, 1857) legalizing suspension of specie payments; potential suspension under that law.
Newspaper Excerpt
THE herby notified on Thursday, the 5th day of November next, at one o'clock, P. M., for the purpose of deciding on the expediency of accepting or rejecting the law legalizing suspension of specie payments, passed the 13th day of October, 1857.
Source
newspapers

Newspaper Articles (3)
1. May 13, 1843 Sunbury American and Shamokin Journal Sunbury, PA
Article from Sunbury American and Shamokin Journal, May 13, 1843

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Article Text

Bank of Northumberland. This Bank now pays specie for all its obligations except its relief issues and its notes are now received at par in Philadelphia. This Bank has always I een under the direction of able and faithful officers, and although forced into a temporary suspension by the exigencies of the times, has never for a moment lost the confidence of the community in which it is located. We hope it will soon be able 10 resume its regular business, and afford that relief to business men, which they so much need.

2. October 24, 1857 Sunbury American Sunbury, PA
Article from Sunbury American, October 24, 1857

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Article Text

BANK OF NORTHUMBERLAND. THE The The herby notified on Thursday, the 5th day of November next, at one o'elock, P. M., for the purpose of deciding on the expediency of accepting or rejecting the law legalis ZIHG suspension of specie payments, passed the 13th day of October, 18.7. By order of the Board of Directors. J. R. PRIESTLY, Cashier, Northumberland, Oct. 24th, 1857.

3. November 7, 1857 Sunbury American Sunbury, PA
Article from Sunbury American, November 7, 1857

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Article Text

BANK OF NORTHUMBERLAND. herby notified on Thursday, the 5th day of November next, at one o'clock, P. M., for the purpose of deciding on the expediency of accepting or rejecting the law legalizing suspension of specie payments, passed the 13th day of Octoher, 1857. By order of the Board of Directors. J. R. PRIESTLY, Cashier, Northumberland, Oct. 24th, 1857.