Bank of Bellows Falls - Bellows Falls, VT

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 1, 1837*
Location: Bellows Falls, Vermont (43.133, -72.444)

Metadata

Model: gpt-5-mini
Short Digest: 69c0ce8c

Response Measures

None

Description

Article (Nov 6, 1837) reports the bank had suspended specie payments and hence made no dividends; no mention of a depositor run or permanent closure. Given the historical context (Panic of 1837) suspension was likely temporary, so classified as suspension_reopening. Date of suspension not explicitly given in the excerpt.

Events (1)

1. January 1, 1837* Suspension

Cause: Macro News
Cause Details: Suspension of specie payments (context consistent with the wider 1837 suspension of specie payments/Panic of 1837).
Newspaper Excerpt: no dividend to the stock holders has been made since the suspension of specie paymentthe directors having determined to make no dividends on the stock, until specie payment is resumed
Source: newspapers

Newspaper Articles (1)

1. November 6, 1837 Vermont Watchman and State Journal Montpelier, VT

Article from Vermont Watchman and State Journal, November 6, 1837

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Article Text

For Walton's Daily Journal. Messes. Waltons: I observed, in the report of the Bank Commissioners, that no notice is taken of one circumstance, which I think should have been stated. The Bank of Bellows Falls, by their report, has a larger surplus, or apparent profit, than any other bank. It arose from the circumstance that no dividend to the stock holders has been made since the suspension of specie payment—the directors having determined to make no dividends on the stock, until specie payment is resumed, while all the other banks are believed to have made their usual dividends. B.