Buffalo City Bank (Buffalo, NY)

Episode Information

Episode Type
Run Only
Start Date
August 31, 1857
Location
Buffalo, New York (42.886, -78.878)
Bank Type
state

Metadata

Episode ID
Bank ID
City ID
360973345
Model
gpt-5-mini
Short Digest

Events (1)
1. August 31, 1857 Run
Cause
Local Banks
Cause Details
Failure of P. M. Hollister's Bank precipitated heavy runs on other Buffalo banks, including Buffalo City Bank.
Newspaper Excerpt
Heavy run on White, Oliver, Lee & Co., and the Buffalo City Bank. The excitement this morning was intense. Now subsiding.
Source
newspapers

Newspaper Articles (2)
1. September 1, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, September 1, 1857

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Article Text

Banking News

BUFFALO, Aug. 31-P. M. Hollister's Bank has failed. Heavy run on White, Oliver, Lee & Co., and the Buffalo City Bank. The excitement this morning was intense. Now subsiding. Reciprocity Bank did not resume this morning.

2. September 1, 1857 Evening Star Washington, DC
Article from Evening Star, September 1, 1857

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Article Text

Monetary Difficulties at Buffalo

BUFFALO, Aug. 31.-The Hollister Bank has failed. There is a heavy run on Messrs. White, Oliver, Lee, & Co's. banking house, and on the Buffalo City Bank. The excitement this morning was intense, but it is now subsiding. The Reciprocity Bank did not resume this morning.