7312. Citizens Bank (Baltimore, MD)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
November 15, 1860
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini
Short Digest
bb83ca8186a66c79

Response Measures

None

Description

Multiple contemporary newspapers (Nov 14โ€“16, 1860) report a run on the Citizens' Bank of Baltimore driven by secession-related financial panic/excitement. The bank paid demands promptly through the day; no suspension or closure is reported in these articles.

Events (1)

1. November 15, 1860 Run
Cause
Macro News
Cause Details
Run triggered by secession excitement and general financial pressure related to the 1860 political crisis; newspapers link runs to prevailing anxiety over secession.
Measures
Paid all demands/specie promptly through the closing hour; continued paying out specie.
Newspaper Excerpt
There was a heavy run yesterday on the Citizens' Bank, of Baltimore, which holds the city funds. It paid promptly until the closing hour.
Source
newspapers

Newspaper Articles (10)

Article from East Saginaw Courier, November 15, 1860

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speeches in favor of disumon. The Governor has decided to have the convention meet on the first Monday in January. The people desire it to be held sooner, but he does not feel authorized by the resolutions of the last Legis. lature to call the convention until the Electors have cast their votes for President in December. On Wednesday he will publish a letter, stating the time which he will issue his proclamation, and calling on the people to nominate candidates for the convention. It will be a strong dis union document. LATEST. Washington, Nov. 14. Many of the provalent reports and conjectures concerning the action of go vernment are nntrne, and most of them exaggerated. The course of the administration will afford no just cause for increasing the present excitement either at the South or North, as it will endeavor fairly, firmly, and impartially to perform its duty as cases its action may arise, always keeping the constitution and the laws in full view. The remark attributed to Representative Keitt, that the President is pledged to secession, has been received here with much astonishment, and his friends do not believe that he is correctly reported. It is well known that the President has never made such a pledge in any public paper, and his most intimate friends have never heard anything from his lips that would lead to the belief that he entertains any sentiment which is not warmly in favor of preserving the constitution in all its integrity. The Postmaster at Orangeburg, Mr Keitt's residence, has forwarded his resignation as postmaster, to take effect on the 1st of January, unless, he says, his much abused and best beloved State of South Carolina shall sooner secede.His resignation has been accepted, and he has been requested to designate a suitable person as his successor, who will give proper bonds for the discharge of all the duties required by the laws and regulations of the Postoffice Department. In the event of no such person being found to fill the office, it must be discontinued. Lieut. Col. Gardner has, in the ordinary routine of business, been relieved of the command os Fort Moultrie, and will be succeeded by Major Anderson, who is next to him in rank in the first regiment of artiliery, The newspaper report that Fort Moultrie is occupied by a military company of Charleston is the only information received of it in this city. The War Department has neither given an order nor received any information on the subject. The 5,000 stand of arms recently mentioned as having gone South were purchased in Washington by Virginia for the use of that State. They were of an inferior quality. Charleston, C., Nov. 11. The Mercury, in referring to a dis patch in a Philadelphia paper about the taking of Fort Moultrie, says it is totally unfounded, and, unless northern journals sent out more reliable correspondents, they must expect to suffer in their pockรซts, as well as to have their fears excited by unjust apprehensions. Angusta, Ga., Nov. 14. The South Carolina Legislature, previous to its adjournment, removed the restrictions against bank suspensions. Milledgeville, Ga., Nov. 14. S Specches are nightly made by Senator Toombs, Hon. Thos. R. Gobb, and others in favor of secession. Messrs. Stephens, Johnson, and others oppose secession. A bitter feud exists in the Georgia Legislature between the friends of Mr. Iverson and Howell Cobb in relation to the Senatorship. Nothing of interest has transpired here to-day. Washington, Nov. 14. The President, it is said, knows fully all the schemes of the seceders, and will meet the responsibility devolving upon him when the hour of action comes. A grand Union mass meeting is called to meet at Staunton, Va, on Saturday There was a heavy run yesterday on the Citizens' Bank, of Baltimore, which holds the city funds. It paid promptly until the closing hour. New York, Nov. 15. Letters from Louisville says that Union demonstrations are soon to be made by the Belland Everett men in every county in the State: New York, Now 15. Mayor Swan, of Baltimore, ad dressed a large meeting at the Bell-Everett headquarters in this city last evening. He advised a general convention of delegates from all the States, at which the North should guarantee the enforcement of the fugitive slave law and the equal right of the South to occupy the Territories. The Breckinridge General Committee have issued an address deprecating secession. Charleston, S. C., Nov. 14. The booksellers of this city and Savannah have returned Harper's Weekly and Monthly publications, and a movement is


Article from East Saginaw Courier, November 15, 1860

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Washington, Nov. 14. The President, it is said, knows fully all the schemes of the seceders, and will meet the responsibility devolving upon him when the hour of action comes. A grand Union mass meeting is called to meet at Staunton, Va, on Saturday. There was a heavy run yesterday on the Citizens' Bank, of Baltimore, which holds the city funds. It paid promptly until the closing hour.


Article from Cleveland Morning Leader, November 16, 1860

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CITIZENS' BANK. BALTIMORE, Nov. 15. Rather a better feeling prevailed in commercial circles to-day. There was something of a run on the Citizens' Bank, but all the demands were promptly met. The best informed express full confidence in the soundness of the Bank.Many manufacturing establishments, clothiers, &c have reduced the number of their hands. This is severely felt by the working classes, and it is sincerely hoped that contidence will soon be restored and former activity in business resumed.


Article from Cincinnati Daily Press, November 16, 1860

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LATEST NEWS BY TELEGRAPH. The Secession Movement. 1 Alabama Growing Nervous-Tennessee to Take Part in a Southern Convention. CHARLESTON, S. O., November 14.-The Mercury, in referring to & dispatch in a Philadelphia paper, about the taking of Fort Moultrie, says it is totally unfounded, and, unless Northern journals send out more reliable correspondents, they must expect to suffer in their pockets, as well as to have their fears excited by unjust apprehensions. The book-sellers of this city and Savannah have returned Harpers' weekly and monthly publications, and a movement contemplates returning all Northern books, unless publishers are known to be sound. Some of Consuls are the foreign here waiting They for secession to open negociations. are said to have full authority from their Governments. The Mayor, to-day, notified agents of Northern steamship-lines that he would not permit the landing of steerage passengers, guaranteed their if became maintenance unless the companies they vagrants. The secession movement seems to be increasing, and it is now said that South Carolina will not be a State after New Year's. AUGUSTA, GA., November 14.-The South Carolina Legislature, previous to its adjournment, passed a law removing the restrictions against bank suspensions. MILLEDGEVILLE, GA., November 14. Speeches are nightly made by Senator Toombs, Hon. Thomas R. Cobb and others, in favor of secession. Mesars. Stephens, Johnson, and others oppose secession. A bitter feud exists in the Georgia Legislature, between the friends of Mr. Iverson and Howell Cobb, in relation to the Senatorship. Nothing of interest has transpired here to-day. MONTGOMERY, ALA., November 14.-The Governor published a letter on Thursday. It opposes awaiting the action of other Southern States, and recommends immediate secession. The Union men of the State wage war upon the letter. NASHVILLE, TENN., November 14. - If a Southern Convention is called, Tennessee will take part in it. The Legislature will probably be convened. RICHMOND, VA., November 14.-A Minutemen corps is being formed here. p AUGUSTA, GA., November 15.-Augusta to brokers buy Kentucky and Tennessee money of at five per cent. discount, payable in Georgia d and South Carolina money. NEW YORK, November 15.-The New Orleans Delta of the 9th reports the discovery n is of seventy stand of arms under the negro cabins on plantations in Parinxany Parish. r. a [This intelligence we received by mail and ementioned two days ago.-ED. PRESS]. ed A consignment of Lincoln medals from New York has been returned. eThe exhibition and sale of portraits of he is Lincoln so exasperated the people that the exhibitors barely escaped with their lives. BALTIMORE, November 15.-Special correm spondents are sending exaggerated reports. A slight demonstration was made at the isCitizen's Bank yesterday. The demands fe, were promptly met, and the shares sold at a er decline, but higher than two weeks since. n-


Article from Cincinnati Daily Press, November 16, 1860

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From Washington-Exasgerated and False Reports Defense of President Buchan. an-Heavy Run on a Baltimore Bank. WASHINGTON, November 14. - -Many of the prevalent reports and conjectures concerning the action of the Government are untrue, and most of them exaggerated. The course of the Administration will afford no just cause for increasing the present excitement, either at the North or South, as it will endeavor fairly, firmly and impartially to perform its duty, as cases for its action may arise, always keeping the Constitution and the law in full view. The remark attributed to Representative Keitt, that the President is pledged to secession, has been received here with much astonishment, and his friends do not believe that he is correctly reported. It is well known that the President has never made such a pledge in any public paper, and his most intimate friends have never heard any thing from his lips which would lead to the beliefthat he entertains any sentiment which is not warmly in favor of preserving the Constitution in all its integrity. The Postmaster at Orangeburg, Mr. Keitt's residence, has forwarded his resignation, to take effect on the 1st of January, unless, he says, his most-abused and best-beloved State of South Carolina shall sooner secede. His resignation has been accepted, and he has been requested to designate a suitable person as his successor, who will give proper bonds for the discharge of all the duties required by the laws and regulations of the Postoffice Department. In the event of no e such person being found to fill the office, it must be discontinued. e Lieutenant-Colonel, Gardner has, in the 3, ordinary routine of business, been relieved r of the command of Fort Moultrie, and will r be succeeded by Major Anderson, who is n next to him in rank in the First Regiment n of Artillery. The newspaper report that Fort Moultrie e is occupied by a military company of Charlesr ton, is the only information received of it in this city. The War Department has neither given an order or received any inL formation on the subject. of The 5,000 stand of arms recently menh tioned as having gone South, were pure chased in Washington by Virginia, for the 1use of that State. They were of an inferior e quality. iThe President, it is said, knows fully all 8the schemes of the seceders, and will meet n the responsibility devolving upon him when a the hour of action comes. e A grand Union mass meeting is called to g meet at Staunton, Va., on Saturday. by There was a heavy run, yesterday, on the of Citizens Bank, Baltimore, which holds the e. city funds. It paid promptly until the clos Iing hour. p-


Article from Worcester Daily Spy, November 16, 1860

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LATEST NEWS. BY TELEGRAPH TO THE WORGESTER DAILY SPV THE DISUNION STUFF. WASHINGTON, Nov. 15.-Senator Hammond's resgnation is immediate. His person al effects have been removed to South Carolina. The collector of Beaufort, S. C., has officially resigned. The president will not is. sued an address now, but defer it till congress meets. COLUMBIA, S. C., Nov. 15.--There was a parade of minute men, military, and firemen, last night. Orr, Keitt, and others made secession speeches. MONGOMERY, Ala., Nov. 15.-The governor urges the people to prepare for secesion. Milledgeville, GA., Nov. 15-A conference of the leading men of all parties, held teday, unanimously agreed that the convention should recommend resistance. The senate discussed the million appropriation bill. Many objected to placing the sword and purse in the same hands. A motion for reference failed The bill will pass. A bill was introduced, suspending the collection of debts until the next year. A resolution was introduced, giving power to the governor, so that, in case the federal government should attempt the coercion of seceding states, he might employ the military forces of Georgia to resist it. Toombs made a secession speech. Mr. Barton followed, urging a southern confederdcy, in which there should be a sovereignty in federal power, with state lines obliterated. RICHMOND, Nov. 15.-The governor has called an extra session for the 7th of January. NASHVILLE, TENN., Nov. 14.-If a southern convention is called Tennessee will be represented in it. MONTGOMERY, ALA., Nov. 14.-The governor's letter will be published on Thursday. It is similar in tone to that of Gov. Gist's of South Carolina. It is opposed to waiting for other southern states to act, and recommends immediate secession. The Union men of the state will all oppose the recommendations contained in the letter. The proclamation calling for a state convention will be issued on the 7th of December. The convention will meet on the first Monday in January. CHARLELTON, Nov. 14.-The booksellers of this city and Savannah have returned Harpers' publications, and a movement is on foot to return all northern publications unless they are known to be sound on the slavery ques tion. The mayor to-day notified the agents of the northern steamship lines that henceforth the landing of steerage passengers will not be permitted unless the companies guarantee to maintain them should they become va. grants. This is reviving an old law consid ered to be a dead letter. NEW YORK, Nov. 15.-The New Orleans Delta of the 9th, states that an exhibition of the portrait of Lincoln there so exasperated the people, that the exhibitor barely escaped with his life. WASHINGTON, Nov. 15.-The president, it is said, knows fully all the schemes of the seceders, and will meet the responsibility devolving upon him when the time for action comes. A grand union mass meeting is called to meet at Staunton, Va., on Saturday next. There was a heavy run, yesterday, on the Citizen's Bank of Baltimore, which holds the city funds. It paid promptly to the closing hour.


Article from Richmond Daily Whig, November 16, 1860

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FINANCIAL MATTERS IN BALTIMORE. BALTIMORE, Nov. 15.-There is rather a better commercial feeling to-day. There was something of a run on the Citizens' Bank, but all demands were promptly met, and the best informed express full confidence in its soundness. Many manufacturing establishments, clothiers, etc., have reduced their number of hands which effects severely the working classes; but it is hoped confidence will soon be measurably restored and the former actively resumed.


Article from Daily Intelligencer, November 16, 1860

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BALTIMORE, Nov. 15th.-There is R better feeling in commercial circles, to-day. There was a general run on the Citizens' Bank, but all demands were promptly met, and the best informed express full confidence in the soundness of that institution. Many of the manufacturing establishments, clothiers, etc., have reduced the n umber of their employees, which affects severely. the working classes; but it is hoped that confidence will soon be measurably restored, and the former activity in trade restored.


Article from Chicago Daily Tribune, November 16, 1860

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Better Feeling in Baltimore. BALTIMORE, Nov. 15.-Rather a better feelIng prevails in commercial circles to-day. There was something of a run on the Citizens' Bank, but all the demands were promptly met. The best informed express full confidence In the soundness of the bank. Many manufacturing establishments, clothiers, &c., have reduced the number of their hands. This is severely felt by the working classes, but It is hoped that confidence will soon be measurably restored and former activity in business resumed.


Article from Nashville Union and American, November 18, 1860

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Matters at the North. Special Dispatch to the Charleston Counier. BALTIMORE, November 14.-The financial pressure here and at the North is intense. Stocks have truly depreciated. South and North Carolina Bank notes are taken at 10 to 15 per cent. discount. The Banks are greatly pressed to relieve the business community. All kinds of business are paraly zed, and great distress will assuredly ensue. It is generally believed here that South Carolina will certainly secede from the Union. Maryland sympathizes greatly with her. Unless the North immediately take the first opportunity to repeal the odious legislative enactments which interrupt and neutralize the action of the Fugtive slave law, the South will be justified in dissolving the Union. The extreme Republican journals in New York are getting frightened at last. The Times has a strong editorial advocating concessions to the South, and the repeal of State laws against the Fugitive slave law. There has been a considerable run on the Citizens' Bank here to-day. It continued paying out specie, however, until the closing hour. It is apprehended that the run will be renewed to-morrow. It is feared that all the Banks will be compelled to suspend specie payments soon, if the excitement contin ues. The greatest alarm prevails.