Canton State Bank - Canton, OH

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: August 13, 1838
Location: Canton, Ohio (40.799, -81.378)

Metadata

Model: gpt-5-mini
Short Digest: 63c3bb4b

Response Measures

None

Description

Article (Aug 9, 1838) reports Ohio banks to resume specie payments Aug 13; mentions 'Canton Bank' had 'foundered during the suspension' but was expected to 'resume with the rest.' No explicit run is described — this is part of the statewide suspension/resumption of payments.

Events (2)

1. August 13, 1838 Reopening

Newspaper Excerpt: have agreed upon the 13th of August, and have issued a circular ... recommending that day as the general resumption throughout Ohio ... even the Canton Bank ... is now expected to get righted again, and to resume with the rest. or shortly after.
Source: newspapers

2. * Suspension

Cause: Macro News
Cause Details: Part of a general suspension of specie payments by Ohio banks (statewide banking suspension tied to actions of Philadelphia and Baltimore banks).
Newspaper Excerpt: the Can. ton Bank, of that State, which had foundered during the suspension
Source: newspapers

Newspaper Articles (1)

1. August 9, 1838 Morning Herald New York, NY

Article from Morning Herald, August 9, 1838

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Article Text

RESUMPTION BY THE OHIO BAKKS.-The Bank Committee of Ohio, who had been charged with the duty of fixing the day for resumption by the banks of that state, (dependent on the action of the banks of Philadelphia and Baltimere) have agreed upon the 13th of August, and have issued a circular from Columbus under date of the 2d inst. recommending that day as the gen eral resumption throughout Ohio. The recommendation will, without doubt, be adopted, and even the Can. ton Bank, of that State, which had foundered during the suspension, is now expected to get righted again, and to resume with the rest. or shortly after.