Bank of the Northern Liberties

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: October 26, 1822
Location: Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model: gpt-5-mini
Short Digest: 3e18d1f3

Response Measures

Accommodated withdrawals

Description

Article (Alexandria Herald, Oct 28, 1822) reports a brief 'run' or panic of two to three days against the Bank of the Northern Liberties in Philadelphia but states the bank met its engagements and remained sound. No suspension, closure, or reopening is mentioned.

Events (1)

1. October 26, 1822 Run

Cause: Rumor Or Misinformation
Cause Details: Brief money panic/run of two to three days; article frames it as a run up on the bank but gives reassurance that the bank's credit was unimpaired; no specific adverse facts cited.
Measures: No special measures reported; article states the institution never shrunk from its engagements and notes were received at other banks.
Newspaper Excerpt: a kind of money panic pervaded the city for two or three days past, in consequence of what was considered a run up. on the bank of the Northern Liberties
Source: newspapers

Newspaper Articles (1)

1. October 28, 1822 The Alexandria Herald Alexandria, VA

Article from The Alexandria Herald, October 28, 1822

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Article Text

BANKING, A kind of money panic pervaded the city for two or three days past, in consequence of what was considered a run up. on the bank of the Northern Liberties-Such a run, it is true, was in some degree, made upon this bank, but that institution, never, for a moment shrunk from its engagements; and notwithstanding it has recently experienced numerous losses, we are happy in being authorized to state, its credit is unimpaired, and its notes received at all the banks in the city. [Phil. Gaz.