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, 1837Suspension
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)
1.July 19, 1837Constantine RepublicanConstantine, MI
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Article Text
Suspension.-The Bank of Illinois, at Shawneetown, suspended specie payments on the 8th inst.