16989. Commercial Bank (Troy, NY)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
October 1, 1857*
Location
Troy, New York (42.728, -73.692)

Metadata

Model
gpt-5-mini
Short Digest
b6588dcd

Response Measures

None

Other: This episode contains only an anecdote about a single depositor withdrawing funds and being robbed; no bank run or suspension is described.

Description

Newspaper snippets (Oct 1857) report depositor panic/distrust leading a widow to withdraw $149 from the Commercial Bank in Troy and subsequently be robbed. No mention of a suspension, closure, or reopening. Context refers to general monetary distrust (the Panic of 1857), so classified as a run-only episode (limited withdrawals rather than formal suspension).

Events (1)

1. October 1, 1857* Run
Cause
Macro News
Cause Details
General distrust of monetary institutions during the monetary troubles of October 1857 (panic), prompting depositor to withdraw funds.
Newspaper Excerpt
A poor widow woman who had $149 on deposite in the Commercial Bank, falling into the general distrust of monetary institutions, which prevailed last week, on Saturday drew it out. On Sunday she was robbed of it.
Source
newspapers

Newspaper Articles (2)

Article from Evening Star, October 7, 1857

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Article Text

Two-and a-half million feet of pine lumber were used in making clocks in Connecticut last year. The Oregon Constitutional Convention met at Salem on the 17th and was permanently organized on the following day by the election of Mr. Deady as president. Mr. Terry was chosen secretary. Two men at work on the lake shore near Oswego dug up a keg containing 1600 ancient French coins, said to be seven franc pieces, worth one dollar and ninety cents each. They left immediately for the Philadelphia mint. The Register of the Land Office in one of our Territories has been obliged to close his office in consequence of having so much land on his hands he could not clean them with soap and water. It is said that a secret understanding has been generally come to by the European Powers, that in future the Popedom shall not be held by an Italian so exclusively as it has been for several hundred years Gambling in grain, "selling short," &e, is extensively carried on in Chicago. One day last week the buyers pressed so hard on the sellers to deliver, that the price of wheat was forced up 6 or 8 cents per bushel. PAY YOUR LITTLE BILLS. - Nothing helps the money market more than the prompt payment of little bills. It keeps up trade, keeps money moving, helps the banks, and makes everybody feel good. When everybody holds on to all the money he gets because he fears times are going to be worse, he helps to make them so. Hartwick, Otsego county, N. Y., has been much excited of late by a case of crim.con., in which Elder S. B. Hayward, pastor of the Christian church in that place, and a female member of his flock, are the parties. A committee of leading members of the church having been appointed to investigate the charge, reported it sustained by their investigation. According to the decision of an Albany Justice, seducing young ladies of means is not an offence against the statutes. A young lady sued the father of her illegitimate responsibility for support for the infant. The defendant did not deny the paternity, but contended that complainant had $900 in bank, and was able to support the child without applying to the authorities. The Justice admitted the justness of this motion, and dismissed the complaint. This decision is an important one, and shows that it is much safer to "ruin" a young woman of means than a young woman of poverty. It would be well if those people who are foolish enough to contemplate drawing their deposites out of the Savings Banks, through fear, or at the instigation of designing knaves, should read the following from the Albany Evening Journal, and take warning: We are informed that an Irish woman, who, panic stricken, drew her deposites of several hundred dollars from the Savings Bank, a few days since, has either lost or had stolen from her $150 We presume she is not the only victim of folly of this sort, as the following from the Troy Times proves: A poor widow woman who had $149 on deposite in the Commercial Bank, falling into the general distrust of monetary institutions, which prevailed last week, on Saturday drew it out. On Sunday she was robbed of it."


Article from The Day Book, October 10, 1857

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Article Text

their deposites out of the Savings Banks, through fear, or at the instigation of designing knaves, should read the following from the Albany Evening Journal, and take warning: We are informed that an Irish woman, who panie stricken. drew her deposites of several hundred dollars from the Savings Bank, a few days since, has either lost or had stolen from her $150. We presume she is not the only victim of folly of this sort, as the following from the Troy Times proves:-"A poor widow woman who had $149 on deposite in the Commercial Bank, fallinginto the general distrust of monetary institutions, which prevailed las t week, on Saturday drew it out. On Sunday she was robbed of it." FATAL RESULT OF THE Thursday last, Mrs. Hannah Buckman, a widow, who is said to have kept a boarding house for many years in Philadelphia, while on a visit to the house of Doctor Smith, near Singletown, Dauphin county, Pennsylvania, took a large dose of arsenic, and died in a few hours. It is stated that Mrs. Buckman had been engaged to be married to a gentleman with whom she had entrusted a considerable sum of money, but through the late monetary troubles, the gentleman had failed. This loss praying on the poor lady's mind is said to have prompted the unfortunate deed. SUICIDE-While the United States transport steamer Suwanee was rounding the shoal off Synabel Island, Fla., with three companies of the fourth artillery, which had just been taken on board at Punta Rassa, private Jessylin, company K. walked deliberally to the stern of the steamer and threw his purse into the Gulf and then jumpe 1 ovor himself. The steamer was stopped instantly, and the boat lowered, which, after a strict search, returned having been unable to find him. and PAY YOUR LITTLE Bris.-Nothing helps the money market more than the prompt payment of little bills. It keeps up trade, keeps money moving, helps the banks, and makes everybody feel good.When every body holds on to all the money he gets because he fears times are going to be worse, he helps to make them SO. Hartwick, Otsego county, N, Y., has been much excited of late by a case of crim. con., in which Elder. S. B. Hayward, pastor of the Christian church in that place, and a female member of his flock, are the parties. A committee of leading members of the church having been appointed to investigate the charge, reported it sustained by their investigation. GEORGIA STATE ELECTION.-Thcelection for Governor and Congress took place in Georgia on Monday. A few scattering returns are in, which indicate the election of Judge Brown, dem., as Governor. His majority will probably be 10,000 or 12,000. The democrats, it is likely, will also. be successful in nearly all the congressional districts. The workmen of Messrs. Chickering & Co., piano-forte makers, Boston, held a meeting on Saturday, and voted that they were able and willing to go without their weekly pay until matters eased up. Gen. Pillow is out in a long reply to Gen. Hitchcock's letter about the secret history of the Mexican war. The Chinese sugar cane prospers in Kansas. One man has two acres, and the canes on the 15th ult., averaged twelve feet in height. A woman has recovered $150 in the Brooklyn (N. Y.) city court, as damages from a man for spitting in her face. It is stated that seventeen fugitive slaves, in companies of two, three or four, passed through New York last week on their way to Canada. Mr. Wm. Morton, Dr. Kane's right hand man in the last Arctic expedidition, has been tendered a complimentary benefit by the citizens of Boston. Judge Curtis, of the U S Supreme Court, shot the only deer which has been killed on the island of Neusoon, near New Bedford, this fall. M'lle Rachel is said to be rapidly sinking. Her physicans declare that she cannot survive twe months.