Article Text
SUSPENSION OF THE STATE BANK OF SOUTH CAROLINA. CHARLESTON, Oct. 10.-The State Bank of South Carolina suspended specie payments to-day. ANOTHER BANK SUSPENSION. NEW YORK, Oct. I1.-The Bank of East River has suspended specie payment.
19972. State Bank of South Carolina (Charleston, SC)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- October 10, 1857
- Location
- Charleston, South Carolina (32.777, -79.931)
Metadata
- Model
- gpt-5-mini
- Short Digest
6420a43c
Response Measures
None
Description
Newspapers report the State Bank of South Carolina suspended specie payments on Oct 10, 1857. The brief contemporary reports show it among many banks suspended during the 1857 financial crisis, so I classify the cause as macro_news (systemic panic). The sources only state a suspension (no explicit run or later reopening mentioned). Because no reopening is reported here and many banks in the list appear to have failed, I classify the episode as suspension_closure but note there is no direct article text here confirming permanent closure or receivership.
Events (1)
1.
October 10, 1857
Suspension
- Cause
- Macro News
- Cause Details
- Part of a wave of contemporaneous bank suspensions during the Panic of 1857; cited alongside many other suspended banks.
- Newspaper Excerpt
- SUSPENSION OF THE STATE BANK OF SOUTH CAROLINA. CHARLESTON, Oct. 10.-The State Bank of South Carolina suspended specie payments to-day.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
List of Suspended, Depreciated and Discredited Banks. Leather Manufacturers' Bank, New York City; Hudson County Bank, Jersey City; Broadway Bank New York City; People's Bank New York City; Bank of New York; Farmer's Bank, Petersburgh, Va; Union Bank, New Orleans; Marine Bank, N. Y. City; Tradesman's Bank, " " " " Artisan's Bank, Butcher's and Drover's Bank, New York city; Market Bank, New York City; " " St. Nicholas Bank, " " Pacific Bank, " " " " Irving Bank, " Merchants Exchange," " " North River Bank, " New York Exchange," " " Citizens' Bank, " " Ocean Bank, " " Chatham Bank, " " Bull's Head Bank, " " East River Bank, Pratt Bank, Buffalo, New York, Belleville Bank, Illinois; " Bank of Chester, Stock Security Bank, Illinois; " Corn Exchange Bank, Bank of Pike County, " State Bank of South Caaolina, Charleston;