Article Text
Suspension.-The Bank of Illinois, at Shawneetown, suspended specie payments on the 8th inst.
4579. Bank of Illinois (Shawneetown, IL)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- state
- Start Date
- July 8, 1837
- Location
- Shawneetown, Illinois (37.713, -88.187)
Metadata
- Model
- gpt-5-mini
- Short Digest
1c61e0978d1bd4ef
Response Measures
None
Description
Article (Constantine Republican, 1837-07-19) reports the Bank of Illinois at Shawneetown suspended specie payments on the 8th inst. No mention of a preceding run or of receivership or permanent closure. Because many banks temporarily suspended during the Panic of 1837, I classify this as a suspension that was likely temporary (suspension_reopening). If more articles show a permanent closure or receivership, the classification should be updated.
Events (1)
1.
July 8, 1837
Suspension
- Cause
- Macro News
- Cause Details
- Article states only that the bank suspended specie payments on July 8; likely related to the wider Panic of 1837 and contemporaneous banking disturbances.
- Newspaper Excerpt
- The Bank of Illinois, at Shawneetown, suspended specie payments on the 8th inst.
- Source
- newspapers
Newspaper Articles (1)
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