White Plains Bank - White Plains, NY

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 1, 1845*
Location: White Plains, New York (41.034, -73.763)

Metadata

Model: gpt-5-mini
Short Digest: f45216b2

Response Measures

None

Description

Article (NY Daily Tribune, 1846-05-25) states the White Plains Bank 'under the General Banking Law' suspended during the past year; its bills ($28,000) are secured by bonds, mortgages and NY state stocks held by the Comptroller and 'will of course in a very short period be redeemed in full.' No run is described. Classification: suspension (government action/regulatory holding of assets) with expectation of redemption/reopening.

Events (1)

1. January 1, 1845* Suspension

Cause: Government Action
Cause Details: Suspended under the General Banking Law; bills ($28,000) secured by bonds, mortgages and New-York State stocks held by the Comptroller indicating regulatory/official intervention or custody of assets.
Newspaper Excerpt: The only Banks of the State which have suspended during the past year are ... the White Plains Bank under the General Banking Law. The bills of the White Plains Bank, amounting in the whole to $28,000, are secured by bonds and mortgages and New-York State stocks in the hands of the Comptroller.
Source: newspapers

Newspaper Articles (1)

1. May 25, 1846 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, May 25, 1846

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Article Text

array of Shawls, costing from $1 12 up to $15 each, which would open the eyes of some of our Broadway shoppers, who do not suspect, when they buy such at double the manufacturers' prices, that they could be produced in this country. New Jersey is well represented here. Belleville, Lodi, Elizabethtown, (which has by far the best show of Floor, Table and Oil Cioths of any.) Camden, and several other places, send good samples of their products. I am surprised that Newark and Paterson have comparatively so little here. The Silk Factory at Paterson ought to have sent at all events. Of Flannels, those of the Ballardvale Co. Masa. at 50 cts. (wide,) Faulkner & Sons, Pillerica, Mass. at 19 to 29 cts. A. & A. Lawrence, Lowell, 30 cts. and the Virginia Co. Richmond, Va. 22 to 31 cts. impressed me favorably. Ballardvale Alpaccas, 40 cts. Cumberland Plaids, yard wide, 10 cts. and a streng heavy cotton fabric entitled Cable Twist (Lowell Co.) 15 and 152 cts. I noted down as deserving commendation. But the night wears-my letter is becoming elongated, and I will only add that to-day brought us from New-York a very fine specimen of Scagliola Marble, H. Farley, Canal-at. Mr. Jennison with his Filter. a superb Reflecting Telescope and a Compound Microscope, (Wm. H. Spencer, Canastota,) and I think some others. Shame that we have not hundreds of exhibitors from our City instead of a lean dozen! This evening the Saloon has been privately illuminated (as an experiment) with Crutchett's newly invented Gas and very successfully. Gas Monopoly must lower its crest ere this time next year. H. G. # THE LICENSE QUESTION. The Mayor of Rochester has issued a proclamation calling on all good citizens to render obedience to the new Excise law, by abstaining from the sale, in quantities less than five gallons, of any intoxicating or spirituous liquors or wines, and requiring Magistrates to exercise due vigilance in their prescribed "duty to take care that the laws be faithfully executed."-In the Common Council of Troy, a petition having been presented for a license to a hotel, Alderman Brintnall moved resolutions declaring that the Council would disregard the law, and grant licenses as formerly. A substitute, declaring that the Council had no power to grant licenses, was adopted-14 to 1. The Alderman was left alone in his glory.' The only Banks of the State which have suspended during the past year are the Lewis County Bank, a Safety Fund Institution; the White Plains Bank under the General Banking Law, and the Farmers' and Drovers' Bank of Buffalo. The bills of the White Plains Bank, amounting in the whole to $28,000, are secured by bonds and mortgages and New-York State stocks in the hands of the Comptroller. Those of the Farmers' and Drovers' Bank, amounting in the whole only to $10,000, are secured wholly by New-York State Stocks, and will of course in a very short period be redeemed in full.- There are no other Banks in the State which are in any way doubtful. Some miserable, unprincipled fellows attempted on Saturday last to excite the fears of small up-town dealers against several of the heaviest and safest institutions of the country, by circulating a written list of what the paper termed broken Banks. What their object could have been we cannot imagine. The act was base and pitifal. # THE COLUMBIAN MAGAZINE published by Israel Post, 140 Nassau-st. The June number of this Magazine pleases us exceedingly. There is a beautiful poem by Mrs. M. N. McDonald, welcoming the month, which alone would give character to a magazine; while Mrs. Child, Tuckerman, Mrs. Osgood, Isabel Jocelyn, Miss Russell, Miss Blackwell, Miss Chubbuck alias Fanny Forester, R. A. West and others, write some of their best articles. We have, too, another superb mezzotint engraving, from an original design, illustrating a scene from Hope Leslie. There is good sense in this plan of giving one superior and original engraving and it ought to be encouraged. A plate of Paris fashions and some sweet music complete the embellishments.