20626. Dandridge Bank (Dandridge, TN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
December 25, 1857
Location
Dandridge, Tennessee (36.015, -83.415)

Metadata

Model
gpt-5-mini
Short Digest
185edd72

Response Measures

None

Description

Articles (Dec 1857) state the Dandridge Bank suspended specie payment along with other Tennessee banks during the 1857 panic; the cashier's letter (Dec 25, 1857) declares the bank fully able to redeem and intends to resume, but no explicit later article confirming an actual resumption was provided. I therefore classify this as a suspension with expected reopening (no run described).

Events (1)

1. December 25, 1857 Suspension
Cause
Macro News
Cause Details
Suspension occurred as part of the wider suspension of specie payments by Tennessee banks during the financial panic of 1857; the cashier frames it as concurrent with other banks' suspensions rather than due to bank-specific trouble.
Newspaper Excerpt
We suspended specie payment when the other Banks of Tennessee did so, and in the meantime we intend to resume in other currency, whenever our notes are presented.
Source
newspapers

Newspaper Articles (9)

Article from Clarksville Chronicle, December 14, 1857

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Article Text

# Uncurrent Bank Notes Wanted. W E will pay the highest market price for the Notes of the following Banks, if delivered immediately, Lawrenceburg, Shelbyville, Ocoee, Dandridge, and Knoxville, the above Notes we want particularly. We will also, buy the Notes to all the suspended Free Banks not mentioned in the above list, at the highest Market price dec 5 -tf A. WHELESS & CO.


Article from Clarksville Chronicle, December 14, 1857

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Article Text

# BONNING'S CITY BRASS BAND. The proceeds to be appropriated to purchasing an Uni- form for the Company, MANAGERS. Prof. Bonning, W. Earnes, C. F. Horn, H. C. Singleton, L. Boginnes, J. Krech, F. W. Horn, J. P. Barthell, B. W. Champ, Capt. Wm. L. Horn, E. H. Horn, A. L. Lamb, J. Hellenger, R. R. Boswick, R. H. Horn, Tickets $2 00; to be had from the principal Book and Music Stores, and from Members of the Band. dec 11-td # Choice Chewing Tobacco and Segars. WE have in store a large lot of Capt. Z. Stultz's cele- brated brands of Tobacco and his well known Pan- cake brand to arrive in a few days. We except no brands when we say to those who want the best article that they can find it, wholesale or retail, at 44 Union street. Also a large lot of Langhorn & Armistead, with many other brands of fine Virginia Tobacco-and a lot of good Tennessee Tobacco, that we wish to close out at prices to please the buyer. We continue to keep genuine imported Havana Cigars, Domestic and German do. Pipes, Scotch Snuff, Smoking Tobacco, &c., &c. dec 11 GU J. W. LANGLEY & CO., 44 Union Street. ALE.-WALKER'S XX, 75 barrels, just received by dec 10 ROBT. JOYNT. Sycamore Spun Cotton, 50 Bags for sale by dec 10 ROBT. JOYNT. Dried Beef.-10,000 pounds prime for sale by dec 10 ROBT. JOYNT. # White's Counterfeit Detector for DECEMBER. A FULL account of the condition of the Banks of the country, and especially of Tennessee. Price only 25 cents. For sale by F. HAGAN, dec 9 Market Street. # SELF PRESERVATION, &C. ALL debts due us previous to the year 1857, will be col- lected by suit at January Court, or before a Magis- trate, if not paid before that time. This shall apply to all persons, without distinction. "A word to the wise is suffi- cient," R. C. MCNAIRY & CO. dec 9 UPG A Copy of the Celebrated Book, By APPLETON, # "World-Noted Women," may be seen at my store. nov 25 CHARLES W. SMITH. # For New Orleans on Monday 21st December. THE fine Passenger and Freight Packet JAMES H. LUCAS, H. G. M'COMAS, Master, will leave New Orleans for this city on Saturday next, 12th inst, and return to New Orleans on MONDAY the 21st inst. She will continue as a regular packet in the trade during the season. dec 9-dtd VALUABLE LOT FOR SALE. BY authority of a deed of trust executed to me, I will sell TWENTY or TWENTY-FIVE FEET of that valua- ble lot, fronting on Spring or Church street, adjoining the First Presbyterian Church. dec 5-d8t R. LUSK, Trustee, # BONDS AND STOCKS FOR SALE. $70.000 STRAIGHT Tennessee State Bonds; 200,000 Endorsed Bonds; 1,500 Shares Nashville & Chattanooga Railroad Stock; 1,000 " Sewanee Mining Stock. $5,000 Huntsville Mining and Manufacturing Stock. All of which will be sold on favorable terms by Nashville, Dec. 5-tf A. WHELESS & CO. # NOTICE, NOTICE. WE are selling Rope, Bagging, Sack Salt, Nails, Tobac- co, Whisky, Cigars and Liquors generally, for all FREE BANK, OCOEE, LAWRENCEBURG and SHELBY- VILLE Notes at par. J. T. MARTIN & CO., nov 4 NU Corner Broad and Market Sts. # Uncurrent Bank Notes Wanted. WE will pay the highest market price for the Notes of the following Banks, if delivered immediately, Lawrenceburg, Shelbyville, Ocoee, Dandridge, and Knox- ville, the above Notes we want particularly. We will also, buy the Notes to all the suspended Free Banks not men- tioned in the above list, at the highest Market price


Article from The Athens Post, December 25, 1857

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Article Text

DANDRIDGE BANK.-Persons holding notes of this institution, will see by the subjoined extract from a letter addressed by the Cashier to a gentleman in Nashville, that they need not submit to any shave on the same, but can have them exchanged for notes at par in that city by simply remitting to the Bank. "Enclosed we send you $15, in return for the same amount of the notes of this bank, received this morning in yours of the 29th ult. We suspended specie payment when the other Banks of Tennessee did so, and in the meantime we intend to resume in other currency, whenever our notes are presented. We hope no man may lose a cent on the notes of this Bank, for the Bank is fully able to redeem every dollar, and the stockholders are perfectly willing and determined to do so. "If the banks of the State were prohibited from putting their notes in circulation remote from their own offices, and required to pay out nothing but their own issues, redeemable at their several counters, it would prevent 'wild cat' operations, and improve the currency of the State. With respect, &c., W. R. BRANNER, Cashier."


Article from Nashville Union and American, February 3, 1858

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Article Text

# Uncurrent Bank Notes Wanted. WE will pay the highest market price for the Notes of the following Banks, if delivered immediately: Lawrenceburg, Shelbyvilie, Ocoee, Dandridge, and Knoxville. the above Notes we want particularly. We will also, buy The Notes of all suspended Free Banks not mentioned in the above list, at the highest market price. dec 5- A. WHELESS & CO.


Article from Nashville Union and American, April 21, 1858

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Article Text

WHEAT. WHEAT, ANTED Immediately, 100, al 0 bushels of whent. We W will take all qualities of wheat at the highest market price paid in Nashville, We also have an order for 500 bales or Strict Middling Cotton, for which we will pay the highest market price delivered at our Warehouse, corner H. S. FRENCH & SON. Market and Clark street. B.G. nov 12 Uncurrent Bank Notes Wanted. R will pay the highest market price for the Notes of W the following Banks, if delivered immediately: Lawrenceburg, Shelbyville, Occee, Dandridge, and Knoxville. the above Notes we want particularly. We will also, buy The Notes of all suspended Free Banks not mentioned in the above list, at the ;highest market price. A. WHELESS & CO. dec 6 s


Article from Nashville Union and American, May 25, 1858

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Article Text

# Uncurrent Bank Notes Wanted. WE will pay the highest market price for the Notes of the following Banks, if delivered immediately: Law- renceburg, Shelbyville, Ocoee, Dandridge, and Knoxville. the above Notes we want particularly. We will also, buy The notes of all suspended Free Banks not mentioned in the above list, at the highest market price. dec 5-tf A. WHELESS & CO.


Article from Nashville Union and American, June 6, 1858

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Article Text

UNCURRENT BANK NOTES WANTED. will pay the highest market price for the Notes of the W following Banks, if delivered immediately: Lawrenceburg, Shelbyville, Ocoee, Dandridge, and Knoxville, the above notes we want particularly. We will also buy the Notes of all suspended Free Banks, not mentioned in the above list, at the highest market price. dec5-tf A. WHEELES & CO.


Article from Nashville Union and American, June 29, 1858

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Article Text

# UNCURRENT BANK NOTES WANTED. WE will pay the highest market price for the Notes of the following Banks, if delivered immediately: Lawrenceburg, Shelbyville, Ocoee, Dandridge, and Knoxville, the above notes we want particularly. We will also buy the Notes of all suspended Free Banks, not mentioned in the above list, at the highest market price. dec5-tf A. WHEELES & CO.


Article from Nashville Union and American, July 6, 1858

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Article Text

# UNCURRENT BANK NOTES WANTED. WE will pay the highest market price for the Notes of the following Banks, if delivered immediately: Lawrence-burg, Shelbyville, Ocoee, Dandridge, and Knoxville, the above notes we want particularly. We will also buy the Notes of all suspended Free Banks, not mentioned in the above list, at the highest market price. dec5-tf A. WHEELES & CO.