Article Text
BANK SUSPENSION.-The Commercial Bank of Chicago closed its doors Monday.
4332. Commercial Bank (Chicago, IL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- March 10, 1856
- Location
- Chicago, Illinois (41.850, -87.650)
Metadata
- Model
- gpt-5-mini
- Short Digest
c808e4d7
Response Measures
None
Description
Contemporary reports (Mar 1856) state the Commercial Bank of Chicago closed its doors (suspended) and there is no evidence in these articles that it reopened. A later article discusses false telegraph rumors about multiple banks; it does not clearly tie a discrete run to this bank. Cause of the suspension is not stated in the texts provided.
Events (2)
1.
March 10, 1856
Suspension
- Cause Details
- Article simply reports the bank closed its doors; no explicit cause given in the provided text.
- Newspaper Excerpt
- BANK SUSPENSION.-The Commercial Bank of Chicago closed its doors Monday.
- Source
- newspapers
2.
March 22, 1856
Other
- Newspaper Excerpt
- FALSE ALARM.-...By telegraph we learn that the Commercial Bank, and the Marine Bank, at Chicago, have closed their doors.... The only foundation for all this is, that the Commercial Bank, of Chicago, suspended a few weeks ago; ... the report is a pure invention, and as malicious and wicked, we have no doubt, as it is false. (discussion of false telegraph alarms and panic).
- Source
- newspapers
Newspaper Articles (2)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
FALSE ALARM.-It appears some unprincipled scoundrels have been making use of the telegraph wires to beat down some of our best Illinois banks, and then rob the community by buying up their paper at a shave. The following appears in the Belleville Tribune of the 15th inst. : BANKS FAILING.-The financial gamblers have succeeded in getting up a panic and a run upon some of the banks in and around Chicago. Those Shylocks always profit by these explosions, and the people are made the sufferers. By telegraph we learn that the Commercial Bank, and the Marine Bank, at Chicago, have closed their doors. The same announcement is made in regard to the Central Bank, at Peoria. The only foundation for all this is, that the Commercial Bank, of Chicago, suspended a few weeks ago; and that the "Marine Bank," which is one of the best banks in the state, has undertaken to redeem the paper of the Commercial Bank. In regard to the Central Bank, at Peoria, the report is a pure invention, and as malicious and wicked, we have no doubt, as it is false.