18906. Bank of Northumberland (Northumberland, PA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 5, 1857
Location
Northumberland, Pennsylvania (40.892, -76.797)

Metadata

Model
gpt-5-mini
Short Digest
45e8bac8

Response Measures

None

Description

Articles are notices (Oct 24 and Nov 7, 1857) calling a shareholders' meeting on Nov 5, 1857 to decide whether to accept the recently passed law authorizing suspension of specie payments. No run or permanent closure is reported. I infer this is a planned/temporary suspension under a new law (government action) and therefore classified as a suspension with likely temporary/resumption outcome.

Events (1)
1. November 5, 1857 Suspension
Cause
Government Action
Cause Details
Meeting called to decide whether to accept the Oct 13, 1857 law legalizing suspension of specie payments; suspension would be under that law.
Newspaper Excerpt
for the purpose of deciding on the expediency of accepting or rejecting the law legalizing suspension of specie payments, passed the 13th day of October, 1857.
Source
newspapers

Newspaper Articles (2)
1. October 24, 1857 Sunbury American Sunbury, PA
Article from Sunbury American, October 24, 1857

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Article Text

BANK OF NORTHUMBERLAND. THE The The herby notified on Thursday, the 5th day of November next, at one o'elock, P. M., for the purpose of deciding on the expediency of accepting or rejecting the law legalis ZIHG suspension of specie payments, passed the 13th day of October, 18.7. By order of the Board of Directors. J. R. PRIESTLY, Cashier, Northumberland, Oct. 24th, 1857.

2. November 7, 1857 Sunbury American Sunbury, PA
Article from Sunbury American, November 7, 1857

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Article Text

BANK OF NORTHUMBERLAND. herby notified on Thursday, the 5th day of November next, at one o'clock, P. M., for the purpose of deciding on the expediency of accepting or rejecting the law legalizing suspension of specie payments, passed the 13th day of Octoher, 1857. By order of the Board of Directors. J. R. PRIESTLY, Cashier, Northumberland, Oct. 24th, 1857.