Article Text
# SMALL NOTES. The Patriot states that there was quite a run on the banks of Baltimore yesterday by the holders of small notes. To-day the new law prohibiting their issue in Maryland goes into effect.
8451. banks of Baltimore (Baltimore, MD)
Bank Information
- Episode Type
- Run Only
- Bank Type
- state
- Start Date
- February 28, 1853
- Location
- Baltimore, Maryland (39.290, -76.612)
Metadata
- Model
- gpt-5-mini
- Short Digest
5c5afea5
Response Measures
None
Description
Short run by holders of small notes triggered by a new Maryland law prohibiting small-note issue that went into effect on Mar 1, 1853. No suspension or closure mentioned.
Events (1)
1.
February 28, 1853
Run
- Cause
- Local Shock
- Cause Details
- Holders of small bank notes rushed to banks ahead of a new Maryland law prohibiting issuance of small notes taking effect Mar 1, 1853.
- Newspaper Excerpt
- The Patriot states that there was quite a run on the banks of Baltimore yesterday by the holders of small notes.
- Source
- newspapers
Newspaper Articles (1)
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