Bank of Erie - Erie, PA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: June 21, 1849
Location: Erie, Pennsylvania (42.129, -80.085)

Metadata

Model: gpt-5-mini
Short Digest: c7d24a09

Response Measures

None

Description

Articles (June 21–22, 1849) report the Bank of Erie is about to open an agency in Philadelphia and will 'recommence shortly' after a prior suspension. No run is described in the texts; the suspension's cause is not specified in these extracts.

Events (2)

1. June 21, 1849 Reopening

Newspaper Excerpt: the Bank of Erie is about to open an agency in Philadelphia for the redemption of all its notes at par. The Bank will also recommence shortly-having by the above notice redeemed all the promises made by Mr. Reed, the President, at the time of the bank's suspension.
Source: newspapers

2. * Suspension

Cause Details: Article mentions a prior suspension but gives no reason or trigger for the suspension.
Newspaper Excerpt: the bank's suspension
Source: newspapers

Newspaper Articles (2)

1. June 21, 1849 Jeffersonian Republican Stroudsburg, East Stroudsburg, Milford, PA

Article from Jeffersonian Republican, June 21, 1849

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Article Text

Good News---the Eric Bank. The Germantown Telegraph learns officially, that the Bank of Erie is about to open an agenin Philadelphia for the redemption of all its notes at par. The Bank will also recommence shortly-having by the above notice redeemed all the promises made by Mr. Reed, the President, at the time of the bank's suspension.Last week its notes sold at a discount of only 10 per cent; and this announcement will nat. urally reduce the discount still more, until the redemption is once commenced, when they will no doubt be as good as the generality of the h.western notes of this State.

2. June 22, 1849 The Lancaster Gazette Lancaster, OH

Article from The Lancaster Gazette, June 22, 1849

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Article Text

ERIE BANK NOTES-The Hanover (Pa.) Spectator authounces officially that the Bank of Erie is about to open an agency in Philadelpha for the redemption of all its notes at par. The bank will also recommence operations shortly-having, by the above honorable movement, says the Spectator, redeemed all the promises made by Mr. Reed, the president, at the time of the bank's suspension. Last week its notes sold at a discount of only ten per cent.