17238. Franklin Bank (Cincinnati, OH)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 7, 1839
Location
Cincinnati, Ohio (39.103, -84.515)

Metadata

Model
gpt-5-mini
Short Digest
5af1c763

Response Measures

None

Description

Newspapers report the Franklin Bank of Cincinnati 'resumed specie payments' on Nov. 6–7, 1839, implying it had been suspended earlier (suspension date/cause not provided). No run is mentioned in the items.

Events (2)
1. November 7, 1839 Reopening
Newspaper Excerpt
the Fayette and Franklin Banks of that city resumed specie payments on that day. The Ohio Life and Trust Bank of Cincinnati, resumed specie payments on the 6th inst. and the Lafayette and Franklin Banks, in the same city, followed suit the next day. (reported Nov 6-7, 1839). (excerpted wording across articles).
Source
newspapers
2. * Suspension
Cause Details
Bank had suspended earlier (not specified in the articles); suspension is implied by later resumption of specie payments.
Newspaper Excerpt
The Ohio Banks forfeit their charters if they suspend for more than thirty days.
Source
newspapers

Newspaper Articles (2)
1. November 18, 1839 Lynchburg Virginian Lynchburg, VA
Article from Lynchburg Virginian, November 18, 1839

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Article Text

liefis gaining ground in well informed quarters that all the Banks in Philadelphia, will, within ninety days, resume specie payments; and that this opinion is not without some data. The Ohio Life and Trust Bank of Cincinnati, resumed specie payments on the 6th inst. and the Lafayette and Franklin Banks, in the same city, ful. lowed suit the next day. The Bank of Shawneetown, (Illinois,) refused to suspend.

2. November 21, 1839 Staunton Spectator, and General Advertiser Staunton, VA
Article from Staunton Spectator, and General Advertiser, November 21, 1839

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Article Text

Resumption.-The Cincinnati Post of the 7th instant states that the Fayette and Franklin Banks of that city resumed specie payments on that day. The Ohio Banks forfeit their charters if they suspend for more than thirty days.