City Bank (Hartford, CT)

Episode Information

Episode Type
Suspension โ†’ Reopening
Start Date
October 14, 1857
Location
Hartford, Connecticut (41.764, -72.685)
Bank Type
state
Routing Number
51-0050
Alt. names
City Bank & Trust Company

Metadata

Notes

Article lists City Bank among several Hartford banks suspending specie payments during the 1857 crisis; reopening is not documented here.

Events (1)

1. October 14, 1857 Suspension
Cause
Macro News
Cause Details
Suspension as part of a broad suspension of specie payments by multiple Hartford banks during the 1857 financial crisis.
Newspaper Excerpt
it was voted that the Hartford, Phoenix, City, State and Farmers' Banks suspend specie payments.
Source
newspapers

Newspaper Articles (3)

Article from The New York Herald, October 15, 1857

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Article Text

BANK SUSPENSIONS IN HARTFORD, CONN. HARTFORD, Oct. 14, 1857.

At a meeting of bank officers this morning, it was voted that the Hartford, Phoenix, City, State and Farmers' Banks suspend specie payments.

The Connecticut River Bank has not suspended. There is no excitement.


Article from New-York Daily Tribune, October 15, 1857

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Article Text

BANK SUSPENSIONS IN HARTFORD, CONM. HARTFORD, Wednesday, Oct. 14, 1857. At a meeting of bank officers this merning it was voted that the Hartford, Phenix, City, State and Farmers' Banks suspend specie payments. The Connecticut River Bank has not suspended. There is no excitement. SUSPENSION OF THE PORTLAND BANKS. PORTLAND, ME., Wedneeday 14, 1857. All our city banks suspended specie payments today.


Article from New-York Daily Tribune, October 15, 1857

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Article Text

ing interests, ite suspension would throw out of canployment nearly & thousand persons. The bank euspersion created very little excitement. The Massachusetts Bank, the only one refusing to join in the suspension, declares its intention to continue specie payments permanently. BANGOR, Me., Wednesday, Oct. 14, 1857. At a meeting of Bank Directors, held herethis afternoon, it was voted to suspend specie payment during the present crisis. Resolutions were also passed expressing confidence in the Suffolk Bank system, and refusing to take bills not redeemed in Boston. BANK SUSPENSIONS IN HARTFORD, CONM. HARTFORD, Wednesday, Oct. 14, 1857. At a meeting of bank officers this merning it was voted that the Hartford, Phenix, City, State and Farmers' Banks suspend specie payments. The Connecticut River Bank has not suspended. There is no excitement.