Article Text
POTTSTOWN, Pa., Nov. 23.-The Bank of Pottstown has suspended specie payments. Its notes will be redeemed in Philadelphia.
19440. Bank of Pottstown (Pottstown, PA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- November 23, 1860
- Location
- Pottstown, Pennsylvania (40.245, -75.650)
Metadata
- Model
- gpt-5-mini
- Short Digest
02780d94
Response Measures
None
Description
Three contemporary newspaper reports (dated Nov 23, 1860) state the Bank of Pottstown has suspended specie payments and that its notes would be redeemed in Philadelphia. No article mentions a depositor run, reopening, receiver appointment, or permanent closure details. Because the only documented event is a suspension (no reopening reported), I classify the episode as suspension_closure but note that the sources do not state whether the suspension was permanent or temporary.
Events (1)
1.
November 23, 1860
Suspension
- Cause Details
- Contemporary notices only report suspension of specie payments; no cause given in the articles.
- Newspaper Excerpt
- The Bank of Pottstown has suspended specie payments. Its notes will be redeemed in Philadelphia.
- Source
- newspapers
Newspaper Articles (3)
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Article Text
THE POTTSTOWN BANK. POTTSTOWN, Pa., Nov. 23.-The Bank of Pottstown has suspended specie payments. Its notes will be redeemed in Philadelphia as heretofore. GOV. WISE.
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Article Text
POTTSTOWN, Pa., Nov. 23.-Tho Bank of Pottstown "has. suspended specie payment. Its notes will be redeemed in Philadelphia as heretsfore.