Monson Bank - Monson, MA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 16, 1857
Location: Monson, Massachusetts (42.104, -72.319)

Metadata

Model: gpt-5-mini
Short Digest: 54e8bc29

Response Measures

None

Description

1857 newspaper list of 'Broken Suspended and Doubtful Banks' includes Monson (printed as 'Monsum'). No mention of a depositor run or reopening in the excerpt; the item appears as a suspension amid the wider Panic of 1857, so classified as a suspension leading to closure/insolvency (no reopening reported). OCR error corrected: 'Monsum' -> 'Monson'.

Events (1)

1. October 16, 1857 Suspension

Cause: Macro News
Cause Details: Listed among many 'suspended and doubtful' banks in an 1857 compendium likely reflecting the Panic of 1857 and widespread banking distress reported that day in the press.
Newspaper Excerpt: MASSACHUSETTS. Monsum Bank, Monson.
Source: newspapers

Newspaper Articles (1)

1. October 16, 1857 American Union Morgantown, WV

Article from American Union, October 16, 1857

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Article Text

From Dye's Wall Strees Broker Broken Suspended and Doubtful Banks. MAINE Exchange Bank, Bangor, Hancock Bank. Bank of Hallowell. Monsum River Bank. Sanford Bank. NE W HAMPSHIRE. Exeter Bank, Exeter. Ware Bank. VERMONT. South Royalton Bank Mount Vernon Dauby Bank. Stark Bank MASSACHUSETTS. Monsum Bank, Monson. Bass River. Western Bank. Lee Bank. RHODEISLAND. Farmers Bank of Wickford, Tiverton Bank. Rhode Island Central Bank. South County Bank. Hopkinton Bank. All Rhode Island Banks. CONNECTICUT. Merchants Exchange, Bridgeports Faiefield county. Pawcatuck. Colchester Bank. Bank of Hartford County. Farmers Bank of Bridgeport. Biidgeport City. Thompson. Danbury. Windham County. Bank of North America, Seymour, Exchange Bank of Hartford. .. Mercantile " Charter Oak PENNSYLVANIA. All the Banks Suspended, except, Warren Co. Bank, Warren. Honesdale Bank. Wyoming Bank, Wilksbarre. VIRGINIA. Bank of Kanawha. OHIO. Dayton Bank, Miam Valley Bank. NEW YORK. Addison Bank. Sacketts Harbor Bank. Reciprocity Bank. " Hollister Niagara River " Ontario County" Bank of Orleans. Oliver Lee Bank. Huguenot " " Ontario " Yates Co. " Medina " Dairymen's Chemung County " Agricultural Bank. Union " Monroe " Western Bank of Canandaigua. " Kinderhook. " Lima. Farmers' & Citizens,' Winsburg. Island City. Mechanics' Banking Ass'n. Hamilton Exchange Bank, Leonardsville Bank of Old Saratoga. Farmers' Bank, Hudson. Hudson River Bank. " Powell " Worthington Oneida Central " Bank of Central New York. Bank of Watertown. NEW JERSEY. Bank of New Jersey. Bank of America, Trenton Bergen County Bank. Union, Frenchtown. Morris County. Trenton Banking Co. Mechanics Bank, Burlington. Burlington County. Burlington Bank. Bordentown Banking Co. Salem Cumberland Bank. " Princeton " Farm. & Mech. Camden. " Camden " Gloucester Co. " Mount Holly " Lambertville " Phillipsburgh Mechanics " Trenton. " Farmers' All Baltimore Banks. All Maryland Banks. Contracts for Pork.-In Montgomery county, Va., engagements have been made for at $6,50, and in some of the counties West of there at 80. In Roanoke county, holders are offering to end at $8