Suspension was explicitly at the request of the community; no later reopening or permanent closure is reported in these articles.
Events (1)
1.November 26, 1860Suspension
Cause Details
Suspended specie payments at the urgent/request of the business community (precautionary community request).
Newspaper Excerpt
The Planters', ... Bank of Tennessee, the Planters and Union Banks suspended specie payment to-day.
Source
newspapers
Newspaper Articles (10)
1.November 27, 1860The National RepublicanWashington, DC
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BANK SUSPENSIONS
Nashville, Nov. 26.-The Planters', Union, and State Bank, of Tennessee, have suspended specie payment at the request of the community. I
2.November 27, 1860Nashville Union and AmericanNashville, TN
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NOTE TO THE PRESIDENTS OF THE BANKS. Nashv LE, Nov. 26, 1860. To them Presidents of the Bank of Tennessee, Planters' and Uni a Banks: GENTLEMEN:-Herewith please f d a letter addressed to W.A. Quart 3, Esq., Supervisor of Banks, signed by a number of merchants and citizens. together with his answer to the same. This correspordence in reference to a suspension of specie payment by your respective Banks will speak for itself: We only ask your early attention to the same. and that consideration which the importance of the subject demands. Yours respectfully, GEO. W. CUNT NGHAM, T. ANDERSON, On behalf of Merchants and Citizens.
3.November 27, 1860Evening StarWashington, DC
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Bank Suspensions
NASHVILLE, Nov. 26. - The " Planters', " "Union," and "State Bank," of Tenn., have suspended specie payment, at the request of the the community.
4.November 27, 1860The Daily DispatchRichmond, VA
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Banks Suspended
Nashville, TENN., Nov.26.-The Planters', 1 nion and State Banks of Tennessee have suspended at the request of a committee. M. A late of the from ARTISTS' AND PAINTERS' SUPPLY
5.November 27, 1860New-York Daily TribuneNew York, NY
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TENNESSEE
NASHVILLE, Tenn., Monday, Nov. 26, 1860. The Planters', Union, and State Banks, of Tennessee, have suspended, at the request of the community.
6.November 28, 1860The Oxford IntelligencerOxford, MS
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SUSPENSION OF THE BANKS AT NASHVILLE
NASHVILLE, Nov. 26.-At the urgetit request of the business community, the Bank of Tennessee, the Planters and Union Banks stispended specie payment to-day.
7.November 28, 1860Chicago Daily TribuneChicago, IL
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Mr. Hamlin at Detroit. DETROIT, November 27.-Senator Hamlin arrived last evening from Chicago and leaves to-night for Cleveland en route for Washington. Suspension of Banks. NASHVILLE. Nov. 26.-Planters, Union and State Banks, Tennessec,suspended by request of the community.
NASHVILLE, Nov. 26, 1860. To the Presidents of the Bank of Tennessee, Planter's and Union Banks: GENTLEMEN:-Herewith please find a letter addressed to W. A. QUARLES, Esq., Supervisor of Banks, signed by a number of merchants and citizens, together with his answer to the same. This correspondence in reference to a suspension of specie payment by your respective Banks will speak for itself. We only ask your early attention to the same, and that consideration which the importance of the subject demands. Yours, respectfully, GEO. W. CUNNINGHAM, T. ANDERSON,
9.December 1, 1860The Daily Gate CityKeokuk, IA
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Suspension of Banks
Nashville, Nov. 26. The Planters, Union and State Banks, Tennessec, suspended by request of the community.
10.December 1, 1860New Orleans Daily CrescentNew Orleans, LA
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SUBPENSION IN TENNESSEE
- On the 26th the Bank of Tennessee, the Planters' and Union Banks, all located at Nashville, suspended specie payments-at the general and expressed desire of the community, the telegraph says.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.