South Western Rail Road Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: August 25, 1840
Location: Charleston, South Carolina (32.777, -79.931)

Metadata

Model: gpt-5-mini
Short Digest: 64b4291b

Response Measures

None

Description

Article (dated 1840-08-25) reports that the South Western Rail Road Bank (Charleston) resolved to resume specie payments along with several other Charleston banks. The piece implies the bank had previously suspended specie payments but does not describe a run or give a cause for the suspension.

Events (2)

1. August 25, 1840 Reopening

Newspaper Excerpt: the South Western Railroad Bank, of Charleston, had resolved to resume specie payments forthwith. ... all the Banks in Charleston now pay specie.
Source: newspapers

2. * Suspension

Cause Details: Article implies the bank had been out of specie payment prior to resumption but gives no reason or trigger for the suspension.
Newspaper Excerpt: the South Western Railroad Bank, of Charleston, had resolved to resume specie payments forthwith.
Source: newspapers

Newspaper Articles (1)

1. August 25, 1840 Southport Telegraph Kenosha, Southport, WI

Article from Southport Telegraph, August 25, 1840

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Article Text

Resumption of Specre Payments by the Charleston Banks. - The Charleston Patrint of Saturday states that the Planters, and Mechanics' Bank, the South Carolina Bank, the Union Bank, the State Bank, and the South Western Railroad Bank, of Charleston, had resolved to resume specie payments forthwith. The Bank of Charleston, and the Bank of the State, not having suspended specie payments, all the Banks in Charleston now pay specie.