York Bank - York, PA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 22, 1842
Location: York, Pennsylvania (39.963, -76.728)

Metadata

Model: gpt-5-mini
Short Digest: 11293c8f

Response Measures

None

Description

Article (Richmond Enquirer, Mar 24, 1842) reports 'The York and Lewistown Banks redeem in full,' indicating these Pennsylvania banks had previously suspended specie payments and are resuming redemption. No explicit run is mentioned and no cause for the prior suspension is given.

Events (2)

1. March 22, 1842 Reopening

Newspaper Excerpt: The York and Lewistown Banks redeem in full.
Source: newspapers

2. * Suspension

Cause Details: Article implies the bank had earlier suspended specie payments but gives no reason.
Newspaper Excerpt: implicit prior suspension (had not been paying specie prior to resumption)
Source: newspapers

Newspaper Articles (1)

1. March 24, 1842 Richmond Enquirer Richmond, VA

Article from Richmond Enquirer, March 24, 1842

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Article Text

# THE WORK GOES BRAVELY ON All the Banks in the city and county of Philadelphia now pay specie. The Chester County Bank resumed on Saturday. The York and Lewistown Banks redeem in full. The Pittsburg Banks are rolling out the specie. The Reading and Bucks will resume in a few days. The sixteen Banks represented in the Convention at Lancaster a few days since, notwithstanding they resolved not to resume, are beginning to think better of the subject, and will all resume, it is said, by the first of April. So much for Pennsylvania. The Banks of Wilmington, Del., pay specie. The other Banks in the State will follow suit shortly. The Banks of West Jersey have resumed specie payment, and of course their notes will be at par in Philadelphia. The Mechanics' Bank of Burlington, N. J., has made arrangements with the Bank of North America in this city for the redemption of its notes. Twenty-one of the Ohio Banks pay specie. All which were in an unsound condition, have either failed entirely or assigned their effects. [Phila. Spirit of the Times, March 22.