Western Bank - Baltimore, MD

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: October 8, 1851
Location: Baltimore, Maryland (39.290, -76.612)

Metadata

Model: gpt-5-mini
Short Digest: 1f0bbb8f

Response Measures

Accommodated withdrawals

Description

Article (correspondence dated Oct 8, 1851) reports a multi-day run on the Western Bank of Baltimore; bank redeemed all notes presented and did not suspend. The panic seems linked to caution from reports about other banks' notes.

Events (1)

1. October 8, 1851 Run

Cause: Local Banks
Cause Details: Reports circulated about other banks (Western New-York and New-Jersey Banks; unfavorable reports about State Bank of Ohio) causing caution in handling foreign notes and prompting withdrawals.
Measures: Redeemed all notes presented (paid out to depositors/holders)
Newspaper Excerpt: A run has been made for several days on the Western Bank of Baltimore, but it has promptly redeemed all notes presented.
Source: newspapers

Newspaper Articles (1)

1. October 11, 1851 New-York Daily Tribune New York, NY

Article from New-York Daily Tribune, October 11, 1851

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Article Text

BALTIMORE, Trial of a Slave Catcher-The Opera, Madame Bishop and Kate Hayes-German Republican Meetings-Case of George W. StewartMoney-Banks. Correspondence of The N Y. Tribune BALTIMORE, Wednesday, Oct. 8, 1851. The United States District Court, for the District of Maryland, has been engaged to-day in the trial of James D. Johnson, indicted on the charges of transporting slaves in the American brig Chatsworth from the Coast of Africa to Brazil in the year 1850, and for serving on a slave vessel in violation of the acts of Congress of 1800 and 1818. The brig was captured by the U.S. cruisers on the Coast of Africa some time ago, with slave deck. &c. on her, sent home, condemned and sold. Capt. Savage, the principal witness for the prosecution, testified to-day that he met Johnson at Pernambuco, and was told by him that he had made one voyage in the Chatsworth from Africa to Brazil, landing a cargo of slaves south of Pernambuco, and that he had the vessel prepared for another voyage, on which he was going, having made several thousand dollars on the other trip. He also stated that the vessel was held in his (Johnson's) name as American property, the register being also made out in his name, and that he sailed her under the U.S flag because the British cruisers had not the right to search American vessels. The case will oc. cupy several days. We are about to have a repletion of musical entertainments this Fall. Max Maretzek opens Front-st. Theater, on next Wednesday, with a large company from your city and Catherine Hayes, the " rish Swan," is expected next month. Our community however, appreciate such entertainments, and always patronize them better than any others. The Germans had a very large meeting at Wash. ington Hall on Monday night, at which they were addressed by Dr. Kinkel, the German Patriot, and about $2,000 subscribed towards the Republican movement in Germany. A mass meeting for the same object is to be held in Monument-square. next Monday night. and $6,000 or $8,600 will no doubt be obtained, the German poputation of Baltimore being very large. and many of them very wealthy. It is thought that a new trial will be granted George W. Stewart, convicted of murder in the second degree at Howard County Court, for killing Thomas Moody, in which case he will be sent back to Baltimore City Court for trial, the operation of the new Constitution having that effect. Had Stewart been tried here he would have been acquitted, the feeling being strongly in his favor. The Money market continues very stringent, and paper is discounted at very high rates. The reports circulated about the Western New-York and New-Jersey Banks, have caused much caution in handling all foreign notes. Reports unfavorable to the State Bank of Ohio have almost stopped the circulation of its notes among small dealers and market people, but it is believed to be only a speculating move of the Brokers. A run has been made for several days on the Western Bank of Baltimore, but it has promptly redeemed all notes presented. Iago.