19887. Bank of Camden (Camden, SC)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
December 4, 1860
Location
Camden, South Carolina (34.247, -80.607)

Metadata

Model
gpt-5-mini
Short Digest
1c674554

Response Measures

None

Description

Articles (Dec 4–5, 1860) report the Bank of Camden suspended specie payments after banks in Charleston suspended, because much of its specie was deposited there. No run, receivership, or reopening/closure outcome is reported; historically such suspensions were typically temporary, so I classify as suspension_reopening (temporary suspension due to correspondent failures).

Events (1)
1. December 4, 1860 Suspension
Cause
Correspondent
Cause Details
Suspended because banks in Charleston (where much of its specie was deposited) suspended specie payments, forcing it to follow suit.
Newspaper Excerpt
The Bank of Camden, in consequence of the suspension of those in Charleston, where much of its available specie funds were deposited, has been forced to follow suit.
Source
newspapers

Newspaper Articles (2)
1. December 4, 1860 The Camden Weekly Journal Camden, SC
Article from The Camden Weekly Journal, December 4, 1860

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Article Text

Bank Suspension. All the Banks in Charleston, and of the State, we believe, have suspended specie payment. The Bank of Camden, in consequence of the suspension of those in Charleston, where much of its available specie funds were deposited, has been forced to follow suit. This is right, we have no doubt, and trust that now increased facilities will be afforded for the accommodation of the business community.

2. December 5, 1860 The Lancaster Ledger Lancaster, SC
Article from The Lancaster Ledger, December 5, 1860

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Article Text

SOUTH CAROLINA BANKS -The Banks of the State of South Carolina, the State Bank, the Railroad Bank, the Planter's and Mechanies Bank, the South Carolina Bank and the Bank of Camden, have suspended specie payments. The others will doubt. less follow suit.