19148. Philadelphia Bank (Philadelphia, PA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 22, 1860
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini
Short Digest
83842fea

Response Measures

None

Description

Contemporary articles (Nov 23, 1860) report suspension of the Philadelphia Bank as part of a broader panic; no runs on the specific bank are described in the provided excerpts and these suspensions were temporary in this historical episode. Date for suspension derived from yesterday in the Nov 23, 1860 paper → Nov 22, 1860. Text is fragmentary but sufficient to identify a suspension tied to the general panic.

Events (1)

1. November 22, 1860 Suspension
Cause
Macro News
Cause Details
Suspension adopted as part of broader relief measures during a financial panic (general loss of confidence/systemic stress).
Newspaper Excerpt
By telegraph, we have the announcement of the suspension of the Charleston, Washington, Baltimore, and Philadelphia banks.
Source
newspapers

Newspaper Articles (2)

Article from New-York Daily Tribune, November 23, 1860

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Article Text

The relief measures adopted by the Banks yesterday have been received with general favor by the mercantile world. The panic is considered to be over. Stocks advanced 1 to 6 per cent, yesterday, and closed strong. Cotton and Breadstuffs are also better. By telegraph, we have the announcement of the suspension of the Charleston, Washington, Baltimore, and Philadelphia banks. These suspensions created no excitement here.


Article from The Daily Exchange, November 24, 1860

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Article Text

OF CITIZENS OF SAINT MARY'S COUNTY. R EXTRA SESSION OF THE LEGISLATURE. ens of St. Mary's county met at Leonni Tuesday evening last, to determine and pon the course most proper to be pur: part of Maryland and the Slave States, the present unfortunate and ominous public affairs, and of the dangers that r country n H. Sothoron was unanimously called preside, Richard H. Reeder, Esq., was e President, and J. T. King, Secretary ting. wing preamble and resolution, offered G. Harris, was adopted: In the present condition of the conntry, in of the aggressions of the Northen States of racy, the interest and honor of our beloved eply involved, requiring that steps should be proper authorities of the State in order to defend both; therefore, That the Governor of Maryland be requested he Legislature at an early day to consider is right, proper and necessary for Maryland e present position of affairs. That be appointed a o transmit the resolutions to His Excellency, is then moved that the Committee, conni his resolutions, be composed of one from each election district of the counpointed by the chair, and that the Pree meeting be ex-officio Chairman of the which was adopted. ident named the following gentlemen as the Committee: B. G. Harris, John eophilus Harrison, John F. Dent, Hen11, Edward S. Abell. VANA.-The United States Mail steamlle, J. D. Bulloch, commander. from s on the 15th, and Havanao the aftere 18th inst., arrived at New York on her in Havana was pleasant, and health SUM do.10 outo the Jo rolling F The steamship Cahawba, hence on the UIII 10 Unon " no tes steamer Crusader, Lieut. Com. J. N. ed from Havana a few days since on a he United States steamer Mohawk, uo HAVAN 18 arrived Crasent 'V L : g of the 17th, and sailed that evening Nothing new at Havana. ar market has been very quiet, and ould have been willing to have,given y accepting lower figures than quotahey found subjects willing for their use. on account of holders cover in the two 5 boxes from Havana and Matanzas; of e United States 7,562 boxes, including rk 4,731 boxes, leaving a stock at both 0,000 boxes, against 80,000 boxes last nolasses there has been no movement of re unchanged, No. 12 at 7½ ets. Rials uiet. Stock 60,000 boxes. No freight American vessels. her could not be more favorable for the d rolling crop, which will be large. In produce there is nothing of interest to ur wharf sales are far from inviting for roduce at the present moment. Many tinue to be delivered in bad condition, he market is injured. ts nothing doing for American vessels. age there is a better feeling, with an market; London 123/4@13½ premium; 3@33/4; Boston per drawers, a little betTew Orleans, short, 5@5½)/2; gold coins, tes, 4 premium; Mexican silver dollars board d) 'poc VING PROCLAMATION IN GEORGIA.-Our ni cast in a pleasant land. Our fathers, uidance and protection of the Almighty ) Universe, achieved our independence nitted to us a rich inheritance of freenstitutional liberty, in the enjoyment of ave been greatly blessed. etuation of those liberties and the conr of Almighty God should be the ardent very good person. Those liberties and al privileges are now endangered by the d aggressive action of the people of a ur Confederation of States. A dark over the future peeple E SE sn becomes 7! things Jo the ourselves in the presence of God, that He will inspire our hearts with d courage, and nerve our arms with defend our rights against every aggres0 rpetuate our liberties to the latest genI, Joseph E. Brown, Governor of the orgia, do hereby set apart and appoint the 28th day of this present month, as ting, humiliation, and prayer; and I do te the churches and religious societies . of every name and order, and the E e of this State, to abstain from secular E s on that day; and to meet at their reU ces of worship and unite in humble mighty God for wisdom and strength crisis through which we are called to ler my hand and seal of the Executive , at the Capitol in Milledgeville, this of November, 1860. JOSEPH E. BROWN. at r THE PHILADELPHIA BANK AFTER THE -The suspension of specie payments by B sterday was not attended by much ex-