Exchange Bank (Pittsburg, PA)

Episode Information

Episode UID
2294726490745
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
229472649 hash
Start Date
January 1, 1862*
Location
Pittsburg, Pennsylvania (40.441, -79.996)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
40e92b8ffe22fc9e

Response Measures

None

Description

Article 1 (1862) lists Exchange among Pittsburgh banks that suspended; Article 2 (1906) describes a defunct Exchange Bank of Allegheny with a receiver.

Events (2)

1. January 1, 1862* Suspension
Cause
Macro News
Cause Details
Multiple Pittsburgh/region banks suspended specie payments at same time (wider banking distress linked to period).
Newspaper Excerpt
the Citizens', Exchange, Merchants' and Manufacturers, and Allegheny Banks had suspended the day previous.
Source
newspapers
2. March 3, 1906 Receivership
Newspaper Excerpt
the defunct Exchange bank, of Allegheny, Pa., it was convinced ... the Exchange bank, or its receiver, or its funds, has nothing whatever to do with any possible sale ... (mentions receiver and 'defunct' status).
Source
newspapers

Newspaper Articles (2)

Article from Daily Ohio Statesman, January 3, 1862

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Article Text

More Bank Suspensions, The Northern Bank of Kentucky, at Louisville, has suspended specie payment. The Pittsburgh Post, of Jan. 1, states that the Citizens', Exchange, Merchants' and Manufacturers, and Allegheny Banks had suspended the day previous.


Article from Albuquerque Evening Citizen, March 3, 1906

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Article Text

Knows of No Negotiations With Parties Named, the Gould Syndicate. # REPORT AN UNMITIGATED FAKE Special to The Evening Citizen. Pittsburg, Pa., March 3.-I know of no negotiations with parties you mention. We expect to complete the lines under con- struction. F. J. TORRANCE. Thus is another fake sidetracked. When The Citizen read this morning the Journal's rehash of its old and often exploded fabrications concern- ing the connection of the Santa Fe Central with the defunct Exchange bank, of Allegheny, Pa., it was con- vinced that the remainder of the arti- cle was equally without foundation. At once General Torrance was tele- graphed, and the foregoing reply was received. It is plain that the Exchange bank, or its receiver, or its funds, has noth- ing whatever to do with any possible sale of the Santa Fe Central; that there has not been any negotiations for a sale with the Gould or any other syndicate; that the owners of the Central have neither necessity nor desire to sell; and that the company will itself complete the Hagan branch and the Albuquerque Eastern railway. These are all matters of congratula- tion to the people of this city, and it is useless for any by-fake stories to try to injure the Santa Fe Central or to shake the confidence of Albuquer- queans in its solvency and in the speedy building of the Eastern.