Bank of Richmond - Richmond, VA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 2, 1839
Location: Richmond, Virginia (37.554, -77.460)

Metadata

Model: gpt-5-mini
Short Digest: ed218cab635b1516

Response Measures

None

Description

Article (True American, 1839-12-14) reports the Virginia legislature received a bill to remove the disabilities from the Bank, occasioned by a suspension of specie payments. This indicates the Bank of Richmond had suspended specie payments earlier and the legislature was acting to restore its privileges—consistent with a suspension followed by measures toward reopening. The article does not provide an explicit suspension date or detailed cause beyond the suspension of specie payments, so cause is coded as 'other' with details. Bank type not stated in the text; left as unknown.

Events (1)

1. December 2, 1839 Suspension

Cause Details: Suspension of specie payments (bank had suspended specie payments; legislature moving to remove resulting disabilities)
Newspaper Excerpt: Mr. May introduced a bill to remove the disabilities from the Bank, occasioned by a suspension of specie payments, which was received, and passed the House of Delagates.
Source: newspapers

Newspaper Articles (1)

1. December 14, 1839 True American New Orleans, LA

Article from True American, December 14, 1839

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Article Text

Virginia Legislature.-The general assembly of the ancient commonwealth of Virginia met in the capitol at Richmond, on the 2nd instant. John W. Nash, (Loco foco,) was elected Speaker of the Senate, without opposition. Thomas W. Gilmer, (Whig,) was elected Speaker of the House of Delegates, without opposition. The Governor's message was received, read and referred to ap, propriate committees. Mr. May introduced a bill to remove the disabilities from the Bank, occasioned by a suspension of specie payments, which was received, and passed the House of Delagates. A resolution was offered, to go into the election of U. S. Senator on the following Monday, which was laid on the table until all the members elected, should be present.