Bank of Massillon (Massillon, OH)

Episode Information

Episode UID
7670810590507
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
767081059 hash
Start Date
March 4, 1842
Location
Massillon, Ohio (40.797, -81.522)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1d47e2dfca07604c

Response Measures

None

Events (1)
1. March 4, 1842 Reopening
Newspaper Excerpt
compelling the banks ... to resume specie payments on the 4th of March.
Source
newspapers

Newspaper Articles (2)
1. February 15, 1842 The Middlebury People's Press Middlebury, VT
Article from The Middlebury People's Press, February 15, 1842

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Article Text

Onio BANKS. A law has passed the O. hio Legislature compelling the banks, of that state to resume specie payments on the 4th of March. Among the sound banks in Ohio, may be mentioned the Franklin Bank of Cincinnati, Muskinggum, Bank of Zanesville, Bank of Clairsvile, Bank of Mount Pleasant, F. and M. Bank of Steubenville, Columbian Bank, Western Re serve Bank, Bank of Geauga, Bank Massillion, Bank of Norwalk, and Dayton Bank. These 12 banks in the aggregate have but $488,000 in circulation, they can doubtless continue and hold out paying specie, and in fact many of them have never suspended. Tribune.

2. February 28, 1842 New-York Tribune New York, NY
Article from New-York Tribune, February 28, 1842

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Article Text

The Lajayette Bank is authorized to receive its notes for any debts due it. A Receiver will be appointed on the second Tuesday in March. It is supposed that Mr. Robinson, the President, will be appointed, in which case there is reason to believe that the deposites and circulation will be paid off by the 1st June next. It is the opinion of those well informed on the subject, yet disinterested, that the stockholders will eventually receive about 33j per cent. Twenty-two of the Ohio Banks have resolved to resume on the 4th March next, as required by the act. The Commercial Bank of Scioto was one. The Franklin Bank of Columbus did not agree. Its bills are thrown out by the Cincinnati Banks. The charter of the Urbana Bank has been repealed. The Lancaster Bank is paying its notes, one-fourth in specie and three-fourths in certificates, currency or drafts. The following are the Banks which have resolved to resuine on the 4th of March The Franklin, Lafayette and Commercial Banks of Cincinnati; Banks of Dayton, Xenia, Scioto, Circleville, Marietta, Muskingum, Zanesville, Massillon, Sandusky, Wooster, St. Clairsville, Norwalk, Geauga, Western Reserve. New Lisbon, Mount Pleasant, Clinton of Columbus, and Farmers' and Mechanics' of Stenhensille