Bank of Lewistown - Lewistown, PA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 1, 1842*
Location: Lewistown, Pennsylvania (40.597, -77.572)

Metadata

Model: gpt-5-mini
Short Digest: 402af750

Response Measures

None

Description

Article (New-York Tribune, 1842-03-21) states Easton Bank was the first institution in Pennsylvania which resumed and commenced paying specie on Tuesday last. It implies the bank had suspended specie payments earlier (during the general suspension/resumption movement) though the suspension itself is not detailed in the snippet.

Events (2)

1. March 1, 1842* Other

Newspaper Excerpt: It appears that the Easton Bank was the first institution in Pennsylvania which resumed. It commenced paying specie on Tuesday last.
Source: newspapers

2. March 1, 1842* Reopening

Newspaper Excerpt: It appears that the Easton Bank was the first institution in Pennsylvania which resumed. It commenced paying specie on Tuesday last.
Source: newspapers

Newspaper Articles (1)

1. March 21, 1842 New-York Tribune New York, NY

Article from New-York Tribune, March 21, 1842

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Article Text

The resumption movement in Philadel phia on Friday was entirely successful. In the aggregate there was nearly as much specie and specie funds deposited as was drawn OUL The principal run was on the Farmers' and Mechanis which has a deposite but of 2800 names, yet at the close the had lost only about $5,000 in specie. The Moyamensing Bank did not open, but promises to redeem its circulation and deposits speedily. It appears that the Easton Bank was the first institution in Pennsylvania which resumed. It commenced paying specie on Tuesday last. The Directors of the Bank of Lewistown, Pennsylvania, guaranteed the redemption of its issues. A bill is before the Pennsy Ivania Legislature for the abolishing of the Brokers Board.