19576. Warren County Bank (Warren, PA)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
September 10, 1857
Location
Warren, Pennsylvania (41.844, -79.145)

Metadata

Model
gpt-5-mini
Short Digest
4bc999cc

Response Measures

Accommodated withdrawals, Public signal of financial health

Other: Local notices in later articles exclude Warren County Bank notes from tax payment, suggesting its notes were not considered 'in good standing' locally, but no explicit suspension of payments by the bank is reported.

Description

September 1857 rumor/panic about the Warren County Bank in Warren, PA. Newspaper (Sep 10, 1857) reports a rumored failure caused by the bank's New York agent refusing further redemptions after redeeming over $10,000; bank published a card denying failure and saying it would meet demands. Later (Oct-Dec 1857) repeated county treasurer notices warned collectors not to accept Warren County Bank notes, indicating questions about note acceptance, but no explicit suspension or receivership of the Warren County Bank is stated in the provided articles. Classified as run_only because a run/rumor occurred but the bank explicitly denied suspension/failure and no reopening/receivership/closure is reported.

Events (2)

1. September 10, 1857 Run
Cause
Rumor Or Misinformation
Cause Details
Reported failure grew out of timidity of the bank's New York agent who, after redeeming over $10,000, was 'seized with the panic' and refused further redemptions, producing the rumor of failure.
Measures
Bank president and cashier published a card in the Ledger denying failure, stating liabilities and assuring holders the bank could meet all demands.
Newspaper Excerpt
The Warren County Bank has not failed or suspended-neither will it; the public may rest assured of that.
Source
newspapers
2. October 8, 1857 Other
Newspaper Excerpt
Collectors will be careful not to receive any Notes of the ... 'Warren County Bank.' By order of the Commissioners, C. D. MURRAY. Treasurer. (repeated notices Oct-Dec 1857 in Democrat and Sentinel).
Source
newspapers

Newspaper Articles (13)

Article from The Potter Journal, September 10, 1857

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Article Text

THE WARREN BANK. The reported failure of the Warren County Bank it seems is premature. The President and Cashier publish a card in the Ledger, stating that the liabilities of the Bank are but $95,000, and that "the bank has "not sustained the loss of one hundred dollars, and our assets are beyond any "possible contingency and entirely subject to our control." The Ledger gives the following explanation of the cause of the rumor, and which will be acceptable news to those holding its notes in this section. "It seems that the whole trouble had grown out of the timidity of the agent in New York, who, after redeeming over $10,000 of the notes of the Bank, was seized with the panic himself, and refused to take up any more-hence, the reported failure. The Bank is prepared to meet all demands, and bill-holders need have no fears as to the solvency of the institution. The Warren County Bank has not failed or suspended-neither will it; the public may rest assured of that." # A COMPLETE DEMOCRATIC VICTORY. -The New York Journal of Commerce says, for the first time since 1826 or 1828, a legislature containing a Democratic majority will assemble at Frankfort, the capital of Kentucky. The Democrats have since that date had the Governor and half the delegation in Congress, but never the Legislature. The opposition had permanent and enduring ascendency in that body that never could be shaken in the least. But now, with the dawning of the new era that marks reaction everywhere in favor of Democracy, Kentucky wheels valiently into the line; and there she will remain. --Lycoming Gazette. The "new era," which has brought Kentucky and other slave holding whig States into the support of Buchanan Democracy, was inaugurated by repudiating the Jeffersonian ideas in favor of freedom. The party is now wholly and entirely devoted to the interests of Slavery, and therefore those who desire to perpetuate and extend that institution will support the party which the Gazette facetiously styles Democratic. Per contrary, those who desire to maintain the policy of the fathers, and extend the area of freedom, will vote against that party, and hence its repudiation in nearly every Free State. The Gazette and its candidate for Governor sympathies with Slavery, and hence they look to Slave States for aid, we sympathise with Freedom, and hence we look to the Free States for triumphs.


Article from Democrat and Sentinel, October 7, 1857

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Article Text

# NOTICE TO COLLECTORS! I WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank," or "Warren County Bank." By order of the Commissioners, C. D. MURRAY. Treasurer. Treasurer's Office. Ebensburg Oct. 8, 1857.


Article from Democrat and Sentinel, October 14, 1857

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Article Text

# NOTICE TO COLLECTORS! I WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank," or "Warren County Bank." By order of the Commission-ers. C. D. MURRAY. Treasurer. Treasurer's Office, Ebensburg Oct. 8, 1857.


Article from Democrat and Sentinel, October 21, 1857

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Article Text

# NOTICE TO COLLECTORS! I WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank," or "Warren County Bank." By order of the Commissioners. C. D. MURRAY. Treasurer. Treasurer's Office, Ebensburg Oct. 8, 1857.


Article from Democrat and Sentinel, October 28, 1857

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Article Text

# NOTICE TO COLLECTORS! I WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank," or "Warren County Bank." By order of the Commission-ers. C. D. MURRAY. Treasurer. Treasurer's Office, Ebensburg Oct. 8, 1857.


Article from Democrat and Sentinel, November 18, 1857

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Article Text

# NOTICE TO COLLECTORS! I WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank," or "Warren County Bank." By order of the Commission-ers, C. D. MURRAY: Treasurer. Treasurer's Office, Ebensburg Oct. 8, 1857.


Article from Democrat and Sentinel, November 25, 1857

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Article Text

# NOTICE TO COLLECTORS! I WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank." or "Warren County Bank." By order of the Commission-ers, C. D. MURRAY. Treasurer. Treasurer's Office, Ebensburg Oct. 8, 1857.


Article from Democrat and Sentinel, December 2, 1857

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Article Text

# NOTICE TO COLLECTORS! I WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank." or "Warren County Bank." By order of the Commission-ers, C. D. MURRAY. Treasurer. Treasurer's Office, Ebensburg Oct. 8, 1857.


Article from Democrat and Sentinel, December 23, 1857

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Article Text

# ENTIC TO COOLLECTORS! WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank," or "Warren County Bank." By order of the Commissioners, C. D. MURRAY. Treasurer. Treasurer's Office. Ebensburg Oct. 8, 1857.


Article from Democrat and Sentinel, December 30, 1857

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Article Text

# HATS AND CAPS ever brought to the county. As his stock is so large and the styles too numerous to mention, he will only say that you can get a HAT or CAP of any style or quality desired, that can be had at any Hat store in the Union. Having taken great care in selecting his FALL STOCK from first manufacturers, and having a greater part of it made expressly to his order, he is enabled to sell goods in his line lower than can be sold elsewhere in the county. Those visiting Johnstown, in want of anything in his line will find it to their advantage to call and examine his stock. He has also a choice selection of Gents' fine Buckskin, seal skin, beaver and otter fur gloves and gauntlet's Hats and caps made to order and repaired. The highest cash prices paid for all kin's of shipping Furs. J. W. THOMPSON. Clinton st., Johnstown, Pe. Oct. 21, 1857-50-tf. # ENTIC TO COOLLECTORS! I WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank," or "Warren County Bank." By order of the Commissioners. C. D. MURRAY. Treasurer. Treasurer's Office, Ebensburg Oct. 8, 1857.


Article from Democrat and Sentinel, January 13, 1858

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Article Text

# NOTICE TO COLLECTORS! I WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank," or "Warren County Bank." By order of the Commissioners. C. D. MURRAY. Treasurer. Treasurer's Office, Ebensburg Oct. 8, 1857.


Article from Democrat and Sentinel, January 20, 1858

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Article Text

# NOTICE TO COLLECTORS! I WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank," or "Warren County Bank." By order of the Commissioners, C. D. MURRAY. Treasurer. Treasurer's Office. Ebensburg Oct. 8, 1857.


Article from Democrat and Sentinel, January 27, 1858

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Article Text

# NOTICE TO COLLECTORS! I WILL receive in payment of taxes, Bank Notes of the Banks of Pennsylvania which were in good standing at the time of the recent suspension of specie payment by the Banks of Philadelphia, &c., with the exception of the "Bank of Pennsylvania." Collectors will be careful not to receive any Notes of the "Bank of New Castle," "Erie City Bank," or "Warren County Bank." By order of the Commissioners. C. D. MURRAY. Treasurer. Treasurer's Office. Ebensburg Oct. 8, 1867.