Burrillville Bank - Burrillville, RI

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 10, 1832
Location: Burrillville, Rhode Island (41.970, -71.685)

Metadata

Model: gpt-5-mini
Short Digest: 48c160c2

Response Measures

None

Description

Article (Phenix Gazette, 1832-04-11) reports Burrillville Bank 'had failed' and 'stopped payment' with $30–40k in bills presented and not paid. No mention of depositor run or reopening; classified as suspension leading to closure (no evidence of resumption). Date taken as reported day prior to publication (circa 1832-04-10).

Events (1)

1. April 10, 1832 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank reportedly failed/ceased payment when $30–40k in bills presented from Boston were not paid, indicating insolvency/stop of payments by the bank.
Newspaper Excerpt: that the Burrilville Bank at Burriville, R. I. had failed. Letters from Providence, state that thirty or forty thousand dollars in bills, had been presented at the Bank, from Boston, and not paid.
Source: newspapers

Newspaper Articles (1)

1. April 11, 1832 Phenix Gazette Alexandria, VA

Article from Phenix Gazette, April 11, 1832

Click image to open full size in new tab

Article Text

al laws of the Union, and the Judgment of the Supreme Court of the United States;-seizes territory, and subjects citizens to infamous punishment in defiance of both. President Jack son winks at the wrong. Many of his adherents vindicate it-all apologize for it. Georgia adheres to President Jackson. und cannot endure Mr. Calhoun. The people of Maine, with one accord, protest against the decision of the Dutch King: a hint is received from the President, that he wishes the decision acceded to. Those who do not take the hint and conform. are accused of a readiness to dismember the Union, 'of cheerishing a " scheme of unhallowed ambtion," and are proclaimed " desperate men." and disor. ganizers," by the apologists of Georgia. and her vindicators! Considerate men ought to ask themselves-whence these inconsistencies? What delusions produce f they impulses-what what them? mischiefs If originate in devotion to party. to may that devotion ead?-Cincinnati Gaz. We find by our country papers. that the Cholera Mania has got a footing in our goodly repub lic: here follow some of the reports. The Greenfield Gazette states that it was ported in that town last week. that two cases The of Asiatic Cholera had occurred in Boston! report, however, was not credited. Very wisely, for no such thing exists in Boston. From Lockport, we have the important intelligence, that the Cholera 18 in Lundy's LaneBritish were once met there by the Amerino one would meet the the states that it is the though cans; yet devastating Cholera there. the and spreading Boston Courier has the The report consternation following far and number of cases or Cholera reported at 1; recovered. 1; country, deaths, wide! The Indian 0; whole remaining Topsham. of the sick. spasmodic 0." Me. looked hit. When the report reached this city, we upon it as a humbug, and declined even to notice it-and the event proved that we were right. Report has made the Cholera break out at Mo. bile, New Orleans. and lastly in the old Dominion. Editors should be very cautious in giving and improbable stories vague of credulous pestilence-for people. in all communities there are who will believe almost any story, no matter how preposterons. Fear kills almost as many people We saw an anecdote that bears this. A pilgrim travelling on upon as disease. lately the Whither road to Smyrna met the demon of the plague: are you bound," says the pulgrim; " 'o Smyrna, to kill 3000." After a time the parties met again. "You killed not only 3,000. but 30,000," said the pilgrim: No, I killed not more than 3,000. fear killed the est," said the demon. This anecdote, which we give from memory, has a moral not to be disregarded.-N. Y. Mer. Bank Failures.-It was reported yesterday,on what we deem good authority, that" the Burrilville Bank at Burriville, R. I. had failed. Letters from Providence, state that thirty or forty thousand dollars in bills, had been presented at the Bank, from Boston, and not paid. An unusual amount of Burrilville Bank notes have been in circulation here during the last few days.The is a lottery broker in Broadway. also yesterday It was President reported that the Freeman's Bank at Bristol had stopped payment.By the laws of Rhode Island bank stock holders are liable. but that is not always a se curity.N. Y. Jour. Com. On Saturday morning a young man of genteel appearance, stepped into a barber's shop in this city, and after waiting a few minutes, (the barber being engaged) he asked for a tumbler, which being handed him, he stepped to one corner of the room, drew a phial from his pocket, poured he contents into the tumbler and swallowed it-he then threw himself down upon a chair, apparently in great distress of mind- barber then discovered that the phial had contained laudanum; and that, from the quantity he had taken. it was evident he could not survive unless speedily relieved. Medical aid was immediately in. and we are to the called happy successful, learn. that means used were so far the young man is now in a fair way of recovery.The cause assigned for this rash act, by a person who was present, was, that the young man had lately arrived in this city from the westward, and had been in possession of a considerable sum of money. but, unfortunately, had fallen into bad and was now. in the space of a few turned upon the days. company, pennyless world. caution We hope the above will serve as a salutary to the inexperienced. and to strangers. It cries with a loud voice,- Beware of bad company." [Baltimore Patriot. In bold and successful enterprise on the ocean, the seamen of the eastern sections of the United States have for a long time past outstripped those