21998. Bank of Castleton (Castleton, VT)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
April 20, 1854
Location
Castleton, Vermont (43.611, -73.180)

Metadata

Model
gpt-5-mini
Short Digest
cbfa1f14

Response Measures

None

Description

Multiple newspapers (April 20–21, 1854) report that the Bank of Castleton has stopped payment and that its bills were refused at the Suffolk Bank. These are reports/rumors of a suspension; no article describes depositor runs, receivership, permanent closing, or a later reopening. I classify as a suspension (no documented run) and favor suspension_reopening (temporary stoppage/rumored suspension) rather than permanent failure because the sources give only unconfirmed reports. Date used is 1854-04-20, derived from the articles' datelines.

Events (1)

1. April 20, 1854 Suspension
Cause
Rumor Or Misinformation
Cause Details
Newspapers report a rumored stoppage of payment; bills of the Bank of Castleton were refused at the Suffolk Bank in Boston, suggesting reports/rumors of suspension rather than documented insolvency.
Newspaper Excerpt
It is currently reported that the Bank of Castleton, Vt, has stopped payment. ... its bills were refused at the Suffolk Bank here.
Source
newspapers

Newspaper Articles (3)

Article from New-York Daily Tribune, April 21, 1854

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Article Text

RUMORED FAILURE OF THE BANK OF CASTLETON, VT. BOSTON, Thursday, April 20, 1854. It is currently reported that the Bank of Castleton, Vt, has stopped payment. There it no positive information, except that the bills are refused at the Suffolk Bank here. In the matter of the Cochituate Bank, this morning. Judge Shaw decided that the temporary injunction continue until June the 5th, when the report of the special receivers appointed will determine whether the injunction shall be perpetual, or the Bank resume business.


Article from Richmond Daily Whig, April 22, 1854

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Article Text

WASHINGTON AFFAIRS. W ASHINGTON. April 20.-It is understood that the Pres. ident will refuse to sign the bill granting land for the indigent insane. John G Moore, formerly associate editor of the N York Courler, died here last evening of pnuemonia. His re. mains are to be taken to Philadelphia. LATEST FROM ABSECOM BEACH. PHILADELPHIA, April 20.-So far 120 dead bodies have been washed ashore on Absecom Beach. It's not yet known to what yessel they belonged. The ship Hunrboldt which York. was thought to be lost, has arrived safely at New RETURNED FROM A CRUISE. BUFFALO, April 20.-The U. S. steamer Michigan re turned from a cruise on Dake Huron. She found no vessels io distress as reported. The propeller Clifton is on the point of rouks at Ahargus straits, and full of ice. SALE OF A TROTTING HORSE. Philadelphia, April 20.-Fanny, the great trotting horse, has been sold for $8,500. The sale was made this morning. James Hanmill purchaser. RUMORED FAILURE. BOSTON, April 20.-It is currently reported that the Bank of Castleton, V6, basstopped. Its bills were refused to-day by the Suffolk Bank. SAILING OF STEAMERS. NEW YORK, April 20-The steamers 8 ar of the West and George Law sailed this afternoon, crowded with passengers for California. FROSTS AT MOBILE. MOBILE, April 18.-Heavy frosts have occurred in this city and vicinity. SALE OF TACONY. Pain ADELPHIA, April 20.-The celebrated trotting horse Tacony, was sold to day for $8,500. POSTMASTER APPOINTED.-At Sangster's station, Fair fax county, Vay James Sangater is appointed postmaster, vice James C. Kincheloe, resigned,


Article from Kenosha Telegraph, April 28, 1854

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Article Text

*DAZIOS OSIR area suonrummonan SUOLIRA Boston, 20th. In the the matter of Cochituate bank this morning Judge Shaw decided that t mporary injunction continued June when report of special receiver will determine whether injunction will be perpetual. The steamer Crescent arrived this morning from Havana. We learu that the Capt. General is making a tour of snspection to allthe fortifications. It is understood that 300 guns could bemounted in 24 hours. Provisions are being carried into Havana in the night time. The number of troops on the island will not fallshort of 13000 men. The barque Atna from Marseilles arrived this morning. She was boarded by a boat from the U. S. frigate Constitution on March 26th. New York, 20th. A letter from Long Beach says every soul on board the Powhattan perished. though the ship lay SO near the beach that the Captain could hold conversation with those on shore. 27 bodies were buried in the Baptist burial ground yesterday. The name of the only survivor of the schooner Powhattan is George Grifflth. Intelligence was received to-day of the loss of the ship Robert L. Lane from this port for New Orleans. She went ashore on Berry island near Nassau. Valued at $90000. At last accounts wreckers were around her taking out her cargo. Louisville 20th. Judge Kinckel has prohibited the publication of any evidence in the Ward of case untilafter elose of the trial, Additional by the Asia. 2044, HNO MEN On the 8th inst. the Canadian Steam Nanigation Cod's steamship Ottawa arrived in the Mersey from Portland, Maine, T1 E Jo objessed pidua B days. On the evening of the 6th, a great banquet was given to the Earl of Elgin, preparatory to his resuming the government of Canada. The British government had seized two Russian steamers belonging to the North fleet. The machinery belonging to them TIAS ospa SUM spunod 000'08 Joenpa the 10 zed. They were 1300 tons burden each, 'sung 87 A.LINO 01 Part of Raglan's fleet sailed on the 7th. The departure of Prince Napoleon for Turkey is now fixed for the 5th. The Agricultural accounts from Ireland are very cheering. SPAIN.-4000 artisans filled the streets of Barcelona on the 3d of April. They were armed and when ordered to disperse they refused, and then turned a 07 горло u! Chaire the 01 dass join their comrades outside the walls. The gates were then burned, and the troops, who were pelted with stones by mob. had recourse to their arms, the result was that several of the mob were killed and wounded, after which they dispersed. *9 may The fleet had sailed from Kioge Bay, The following address to the fleets has been issued by Sir Charles Napien : T "Lads, war is declared, we are to meet a bold and numerous army; should they offer battle. we know how to dispose of OM tod u! remein they plants them must try and get at them. Success depends on the quickness and precision of your fire. Sharpen your cutlasses and the day is your own." NEW YORK, April 20. The ship John Bright, which arrived to-day, reports seeing on the Banks two iceberges two miles long and 300 feet high. BALTIMORE, April 20. Considerable excitement existsat Norfolk, occasioned by the escape of four slaves in some National ship. Lynch law is threatened against the Captain if he could be found. BOSTON, April 20. The bills of the bank of Castleton, Vt. are not received at the Suffolk Bank in this city. It is reported that the bank has stopped payment. New York Markets. 111 Appli AOR MaN FLOUR firmer for Western and State, especially the better qualities, which are in good demand. Canadian firm at firmer prices. Sales Western canal, 2800 pood 01 Алещрло JOJ 18 2"2" IS $199 poor 01 common aoj % 8"28 LS State Ohio and fancy Michigan. GRAIN-Wheat wanted, and firmly held; sales include 3170 bush. mixed Southern $1 80; 12000 bush common Canadian in store on private terms. Rye firm and in good demand lots 1500 bushels $1,00 and 700 northern $1,034 to arrive from Albany. Oats firmer at former quotations. Corn higher; good demand for east and export. Sales 35000 bushels, 83 for Jersey yellow, 85 for southern yellow, 81 for unsound. demand: fair Pork