Article Text
THE Stark County Bank, at -Canton, suspended specie payments on last Tuesday. So says the Democrat.
17159. Stark County Bank (Canton, OH)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- state
- Start Date
- January 4, 1862
- Location
- Canton, Ohio (40.799, -81.378)
Metadata
- Model
- gpt-5-mini
- Short Digest
53b14eea
Response Measures
None
Description
Newspaper reports (Jan 1862) state the Stark County Bank at Canton suspended specie payments (reported as last Tuesday or on the preceding Saturday). No mention of a depositor run, receivership, or later reopening/closure is given in these clippings. Because the sources only report a suspension without further disposition, I choose suspension_reopening as the most likely non-permanent outcome (many Civil War–era suspensions were temporary), but the ultimate status is not provided in the articles.
Events (1)
1.
January 4, 1862
Suspension
- Cause Details
- Article simply reports suspension of specie payments; no cause given in the clippings.
- Newspaper Excerpt
- The Stark County Bank, at Canton, suspended specie payment on Saturday.
- Source
- newspapers
Newspaper Articles (4)
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Article Text
THE Stark County Bank, at Canton, suspended specie payments on last Tuesday. So says the Democrat.
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Article Text
BOY Gen. W. T. Sherman is in command of Benton Barracks, Mo. RES Col. Doubleday's regiment of cavalry has been ordered to Kar.sas. The Stark County Bank, at Canton, suspended specie payment on Saturday. par A rebel lieutenant named James Patterson, was sent to Camp Chase last week. new Col. Zahm's cavalry regiment is ordered from Monroeville to Camp Dennison and will move on Monday next. Bay A telegram from Halifax notices a mor of the loss of the British steamship Parana with 1100 troops on board, in the St. Lawrence river. nen The Columbus Journal says regiments will not be ordered to report at either Camp Chase or Dennison for the present, as there is no accommodations for them. BEY Secretaries Seward and Chase, in reply to applications to that effect from Illinois, have promptly offered their aid in procuring cotton seed from Port Royal for the farmers of the West. DGT-A man named Curry has been arrested for the murder of his uncle, Capt. James Ambrose. The deceased was an old and wealthy citizen of O'Fallen, St. Clair county, Ill.; and being a man without family, it is supposed the accused committed the horrible deed with a view to acquiring his uncle's fortune. Curry will undoubtedly suffer the extreme penalty of the law.
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Article Text
MONETARY. The Cincinnati Gazette says: "The Board of Control of the State Bank of Ohio has resolved to continue to pay specie. This will place Ohio currency on a footing with Indiana.Both are getting very scarce. Bankers pay out small bills occasionally, but beyoud this a man might put into his pipe all the Ohio and Indiana notes that could be drawn on checks, in Third street, in the course of a day. Demand Treasury Notes constitute the currency now. This is handled freely by the bankers, and the idea of discrediting it is not entertained. In fact it cannot be dispensed with, and it is douhtful, from the rapidity with which Ohio and Indiana notes are disappearing, whether the amount of the $50,000,000 issue, that is likely to be kept out at the West, will be equal te the wants of business." NEW COUNTERFEITS.-New and dangerous counterfeits have just been issued on the Commercial Bank, Bristol, Rhode Island, and the Bank of Royalton, Vermont. SUSPENSION. - The Stark County Bank, at Canton, O., suspended specie payment on Saturday. The following bank note list, of A. L. Mowry & Co., Cincinnati, will show the standing of the different banks at that place, on Saturday last: Bankable Funda