E. W. Clark & Company (Philadelphia, PA)

Episode Information

Episode UID
7414196790694
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
741419679 hash
Start Date
October 3, 1857
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
445d42103e554916

Response Measures

None

Description

Articles report suspension on Oct 3, 1857 but give no information about resumption; further sources could confirm permanent closure or reopening.

Events (1)
1. October 3, 1857 Suspension
Cause
Macro News
Cause Details
Part of widespread financial distress/Panic of 1857 with multiple bank and commercial failures reported.
Newspaper Excerpt
PHILADELPHIA, Oct. 3. Messrs. E. W. Clark & Co., bankers suspended payment this morning.
Source
newspapers

Newspaper Articles (2)
1. October 6, 1857 The Davenport Daily Gazette Davenport, IA
Article from The Davenport Daily Gazette, October 6, 1857

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Article Text

LATEST NEWS Financial Intelligence. BOSTON, Oct. 3. Messrs J. W. Clark & Co., bankers, suspended payment this morning. PHILADELPHIA, Oct. 3. Messrs. E. W. Clark & Co., bankers suspended payment this morning. Sr. Louts, Oct. 3. The firm of Chouteau, Harrison & Valle, iron merchants suspended yesterday. By their suspension over eight hundred persons have been thrown out of employment. They were the owners of the Iron Mountain. NEW YORK, Oct. 3. Messrs. Clark, Dodge & Co., bankers, have suspended. The Powell Bank, of Newburg, is thrown out to-day. The departure of the California mail steam er is postponed until the 7th, when the St. Louis will take the place of the Star of the West. PHILADELPHIA, Oct. 3. The papers anounce that the Reading Railroad Company was unable to meet their payments yesterday, and suffered their notes to be protested. This is a blueday forstocks. There was no sales for the Reading; ten was bid. The Pennsylvania Bank will not go into line until Monday. BOSTON, Oct. 3. The failure of Terrell & Hersey, of South Weymouth, Mass., is announced. Liabilities, $700,000 to $1,000,000.

2. October 10, 1857 The Weekly Minnesotian Saint Paul, MN
Article from The Weekly Minnesotian, October 10, 1857

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Article Text

Philadelphia Finances. PHILADELPHIA, Oct. 3. Messrs. E. W. Clark & Co., bankers, suspended payment this morning. The Powell Bank of Newbury, Mass., is thrown out to-day. The departure of the California mail steamer is postponed uncil the 7th, when the St. Louis will take the place of the Star of the West. The papers announce that the Reading Railroad Company was unable to meet their payments yesterday, and suffered their notes to be protested. This a blue day for stocks. There were no sales for Reading ; ten was bid. The Pennsylvania Bank will not go into line until Monday next.