17299. Bank of Circleville (Circleville, OH)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
March 4, 1841
Location
Circleville, Ohio (39.601, -82.946)

Metadata

Model
gpt-5-mini
Short Digest
807687ba

Response Measures

None

Description

Articles indicate the Bank of Circleville failed/ suspended payments (report of failure in Mar 1841) and later was listed among Ohio banks that resolved to resume on 4 March 1842. There is no explicit description of a depositor run on this specific bank in the excerpts; therefore classified as a suspension with reopening. Dates derived from publication dates and article text (resumption date given as 4 March).

Events (2)

1. March 4, 1841 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Reported failure of the Bank of Circleville led to panic in Cincinnati; indicates bank had failed or suspended payments by March 1841.
Newspaper Excerpt
a panic existed there, owing to the failure of the Bank of Circleville
Source
newspapers
2. March 4, 1842 Reopening
Newspaper Excerpt
Twenty-two of the Ohio Banks have resolved to resume on the 4th March next ... Circleville ... are Banks which have resolved to resume on the 4th of March
Source
newspapers

Newspaper Articles (3)

Article from Martinsburg Gazette, March 4, 1841

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Article Text

We were shown yesterday Q letter from Cincinnati, stating that a panic existed there, owing to the failure of the Bank of Circleville, supposed to be another New York swindling shop. Large amounts were offered for sale at ruinous rates of discount. Brokers, however, refused to buy at any price. - Wheeling Times.


Article from The Ohio Democrat, February 17, 1842

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Article Text

the From OF MR. REMARKS BYINGTON a of bill for the passage resumpof the bank Ohio Ou of pecie pay Feb. 4. I ,he have riglerwhich adopted mination commencellon the House final adhered, of Rep. Mr. ments Speaker, by at 1842. the to to of this from ment debate, abstain entering in to into this any relation subject, argument. had not even and this re-oluthough neo, my have been power physical insufficient to in me in been much sustain having debate; or two three during days. disposed sir, had And, my usual good health, 10 it no have taken should appears in it to this for me sir, part seems discussion; a who man that and here, attempt a 18 that currency to argue paper the is for depreciated which better equal to will the as by coin, upon people, a of void 10 man me, appears 10 be to of the sir, this time spend perfect in a this that paHouse discussing question-Iha loss cent. which per per dollar, thirteen is a for the than silver dollar, better peoa is that the full than ple dollar worth paper of a 10 and eilver dollar, amount equal this for what dollar; gentlemen on the the side are other Irving House, us of For, make believe. executive this their own adstate, frankly Governor, all in the evile this these currency, mitted`that of our have been paper money, depreciation us :he by bank upon brought suspensions. let And men five these yet, alone say, a and when bring month@ forward longer; 10 the 13 and stop per elhave measure a we dollar make worth witness paper dollar, in up solid these coming phalanx, gentlemen of with the the Mr. bank, president Circleville at and 35 their votes Olde, head, casting we the The gentleremedy againat propose. Mr. are Olds, man, bankers the 13 of dollar every people shaving but hard their by himself consoles earnings, his that such done thing, saying on its bank forsooth, specie bacauss has his when Yes, sir, bank notes demanded. will if notes you issued demand, payable 12 the wait you before months demand. of The air, bank Circleville, managers in of the have some nullifyothers outstripped of ing by notes, issuing law, ba'ch post on date after !welve months paypable the and that thinks Pickaway gentlemen we will not -his catch bank bank nappingbe to will the able for and any time, resume his reason months demand parhaps, is not sir, yet But I paper, apprehend, this law the that post gentleman's 10 but not some need notes, extent; consume in of the the time, genanswering arguments for long lleman, on all refrom them they one and into solved speeche a if the was we did that that force banks threat, 10 the us the and would banks distroy resume. the sir, yes from people; Pickaway gentleman the of [Mr. notice gave Oids.] destruction that from awailed Musking gentleman um, the of [Mr. threats Chambers, reiterated the the from Pickaway; gentleman genileman, from jr. [Mr. Bowen, rehearsed Muskingum, the of the sen, from Mus argument the and Erie, (Mr. kinguin, gentleman the of the othCooke.) reasseried er who had and three, they epoken before il all if we into our that throw teeth, compel 10 the us. banks they resume, destroy the Sir, not thus would bankere themselves, as have these dared impudently, the have; and time, gentleman the with the are same they breath, of these But, defenders infamous for sir, we such us: threats have to the here come have taken represent 10 an our oath with duties fidelity perform we do are so. _and And yet detirmined to us these same deter gen our the to from doing hardihood US 10 with them prevent of the the glory bringing to value! Fram participating.in currency we in Do us this from assisting prevent votes their Where work? upon questions the that touch Examcurrency reformation? ine votes your where upon Journals, the there one every questional us But, with the they of them. approach to and US most say, if hypocritical we will that own their only way about we If the will the let till run banks just matter, will us. if with air, Yes, they go September, will to time only give banks consumate be with we will us, will then have always acknowledge been to wrong heretofore, rascally in their we villainy, then, they say that and we will focos. condescend Now, this air, sincerity made particular? on to take effect join how have with you they proven was bill,so motion thatit would and passage yesterdimmediately the 10 have would resume consequently did that for beg the the of time vote for the extension banks,


Article from New-York Tribune, February 28, 1842

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Article Text

The Lajayette Bank is authorized to receive its notes for any debts due it. A Receiver will be appointed on the second Tuesday in March. It is supposed that Mr. Robinson, the President, will be appointed, in which case there is reason to believe that the deposites and circulation will be paid off by the 1st June next. It is the opinion of those well informed on the subject, yet disinterested, that the stockholders will eventually receive about 33j per cent. Twenty-two of the Ohio Banks have resolved to resume on the 4th March next, as required by the act. The Commercial Bank of Scioto was one. The Franklin Bank of Columbus did not agree. Its bills are thrown out by the Cincinnati Banks. The charter of the Urbana Bank has been repealed. The Lancaster Bank is paying its notes, one-fourth in specie and three-fourths in certificates, currency or drafts. The following are the Banks which have resolved to resuine on the 4th of March The Franklin, Lafayette and Commercial Banks of Cincinnati; Banks of Dayton, Xenia, Scioto, Circleville, Marietta, Muskingum, Zanesville, Massillon, Sandusky, Wooster, St. Clairsville, Norwalk, Geauga, Western Reserve. New Lisbon, Mount Pleasant, Clinton of Columbus, and Farmers' and Mechanics' of Stenhensille