7209. Bank of Norfolk (Roxbury, MA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
August 12, 1834
Location
Roxbury, Massachusetts (42.325, -71.095)

Metadata

Model
gpt-5-mini
Short Digest
efd0f7bdacd98ab5

Response Measures

None

Description

Articles report a 1834 robbery of the Bank of Norfolk (large theft of notes and specie) and a later 1838 notice describing the bank as Broken Bank with insolvency (insufficient specie and liabilities far exceeding immediate funds). There is no mention of a depositor run prior to suspension; the 1838 item indicates failure/insolvency. I therefore classify this as a suspension leading to closure. OCR corrections: 'Bank of Nortolk' in 1838 item is corrected to 'Bank of Norfolk'; Rox. bury interpreted as Roxbury, MA.

Events (2)

1. August 12, 1834 Other
Newspaper Excerpt
On Tuesday evening last the Bank of Norfolk, in Roxbury, was entered by of false keys, and robbed of nearly $22,000, and $2,400 in specie.
Source
newspapers
2. May 23, 1838 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank insolvent/illiquid: immediate funds (~$3,000) far short of liabilities (~$120,000); described as a 'Broken Bank' indicating failure leading to closure.
Newspaper Excerpt
Broken Bank.-The Bank of Norfolk, at Rox. bury, Mass., had immediate funds of 3,000 dollars, to pay its direct liabilities of $120,000 and $2,000 in specie...
Source
newspapers

Newspaper Articles (2)

Article from Alexandria Gazette, August 12, 1834

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Article Text

year.-Phil. Gaz. 9th. Daring Attempt at Robbery.-The S. Mail atfrom Wheeling for Baltimore, was betacked Stage, near the top of a mountain, 17 miles not far from a place of " Shades of Death," on the called yond Cumberland, the o'clock, dismal night by two Wednesday last, at about 10 They had cut some it across that part of the road thrown highwaymen. ascending brush mostly and tra- the and as the Stage was one of them sprung out the mountain, veiled, leaders from by the and seized one of the driand stopped the stage, and but which the refused to brushes ver bridle, to get down, told the do, time up his horses; in the mean calling on his the kept robber whipping kept comrade, the who drithe stage door, to fire at " you damned coward, ver, was saying, near why behind don't fire at him." The robber who was you the stage, asked the driver how many passen- full he had, to which he replied, he had a gers One of the passengers who sat on the noticed that the robber the and finding an ned load. front seat, baggage, unusual then venture exami- number of trunks on the rack, he would not front of the stage door afterwards; but the other robber, when he found bis comrade backward, turned the two leading horses square round, so that their heads were down the mountain, and those of the wheel horses up; he then wound the lines round his arm, and began to The driver then summoned and struck his so fast that they broke away unhitch all hard, his the strength, traces. before horses he could his and by keeping the stage on run for 3 miles, finally got away. the and effect full purpose; had on The who seized the forward horses a to be made of tow robber gown supposed linen, heels-it that covered him from head to his head and was tied belt round the waist and entirely came -he had over a round holes the neck enable cut the and mouth should be, to a him see and speak. The other on black which entirely covered a where to mask, eyes his had face, and dark pantaloons it was a most daring attempt, together, white jacket Taken and those was alnear succeeding, and should admonish who travel to go armed. There were five men and one woman in the stage, but none of them were armed.-Balt. Pat. Bank Robbery.--On Tuesday evening last the Bank of Norfolk, in Roxbury, was entered by of false keys, and robbed of nearly $22,and $2,400 in specie. Of were of an old impression means 000 $15,000 in notes, from withdrawn the Perkin's notes, steel plate, and had been entirely from circulation; these the Bank will not hold itself under obligation to redeem. A small amount of this emission remains in circulation. Of the other stolen notes, $600 were of the deof $20, and $6.000 of to the 1st of nomination are dated subsequently yesterday October $10, and last. all was discovered mornto the injury done to time before the doors ing, some The but, robbery owing elapsed could the has beopen- locks, been do learn that any discovery that circumstances have to fix upon any persons. ed. ing made,or We suspicion occurred,t Areward of the of $3,000 is offered for the apprehension t robbers, and the recovery of the property Bost. Cour. The Fauquier White Sulphur Springs have a fashionable There is a crowd of visiters, among become quite very place of resort.- whom the a of the family of Governor Cass, of War. The extensive Secretary are part buildings give which the Proprietors are pntting up, those promise of a much better accommodation to who may attend them during the next season, either for pleasure or health. Warrenton Register. Revenue Cutter Revolt.--On Monday last, says Boston Transcript eleven men, belonging cutter Hamilton, were of the District from that to the the the Marshal revenue the vessel, officer taken and by to this city, charged by in with insubordination commander of was command brought Howard, and the cutter mutiny.and the charge Lieut. Scott. The men devolved Captain absent on upon leave, before of Judge the charged cutter Dawere examined and committed to at the U. S. Circuit Court to their with vis on trial mutiny Monday, jail be to hold- take in October. We en not deny having to men here did understand refused mitigation, do that duty, as the or more stated in or for their offence, that they refor the support of celved but reason one any wages had their The not wives stateand families for the last ten months. we are told, was uncontradicted, and it would ment, seem that there must be great fault some- thet where. Com. Elliott was applied to by Lieutenant Commandant of the cutter for assisance, which he promptly rendered. Union Bank of Tennessee.-The Nashville Banner of the 29th ult. says- At a meeting of the Board of Directors, John M. Bass, Esq. was of this day elected President of the Union Bank Tennessee." It will seem by the above, that Gen. G. W. Gibbs, who was recently conspicuous in Balti- has more as the President of the above Bank, been superseded in his office. A CARD. AM'L LINDSAY (of the late firm of LindHill & Co.) offers his services in the transaction say, of Commission Business. He is pre-


Article from Constantine Republican, May 23, 1838

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Article Text

Paying Specie.-The Detroit Banks resumed specie payments on the 16th inst., as it was ex. pected they would. The demands on that day, the Free Press states, "were mostly from abroad and principally from non-resuming Ohio." The Bank in this village resumed specio payments on the same day; and the two at Niles, we are informed, although of the denomination usually reproached as 'wild cat,' had been paying specie for several days before that time. A whole week of the golden days has already passed, (while we are above all banking here,) and yet, contray to the wisest prediction, the egress of bullion from beneath our feet has not jarred the copy from our cases, nor pied a single line of types. Banks in which the people have confidence are not in much danger of a very hard run. Justenough for small change, seems to be about all the epecie required. Broken Bank.-The Bank of Nortolk, at Rox. bury, Mass.. had immediate funds of 3,000 dol. lars, to pay its direct liabilities of $120,000 and $2,000 in specie, to pay $40,000 in bills! Its officers and owners, all, we are informed, claim the honor of belonging to the whig party,