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.
Buffalo City Bank (Buffalo, NY)
Episode Information
- Episode UID
7052037390692- Episode Type
- Run Only
- Bank Type
- state
- Bank ID
-
705203739hash - Start Date
- August 31, 1857
- Location
- Buffalo, New York (42.886, -78.878)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
525b81f21eeecf3a
Response Measures
None
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)
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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.