Article Text
CHESTERTOWN BANK.-This Bank has suspended payment. It has been in an unhealthy condition for some time. People should be careful in receiving notes, as there are a great minny worthless one's in circulation.
8474. Chestertown Bank (Chestertown, MD)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- September 6, 1854
- Location
- Chestertown, Maryland (39.209, -76.067)
Metadata
- Model
- gpt-5-mini
- Short Digest
c6f12b0f
Response Measures
None
Description
Article (Smyrna Times, 1854-09-06) reports Chestertown Bank has suspended payment and states it has been in an unhealthy condition with many worthless notes. No explicit mention of a depositor run or of reopening; no receivership noted in this brief notice. I classify as suspension_closure as the notice reports suspension with adverse bank-specific condition; closure is assumed due to wording but permanent failure/receivership is not explicitly stated.
Events (1)
1.
September 6, 1854
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank described as in an unhealthy condition for some time and issuance of many worthless notes; suspension due to bank-specific insolvency/problems.
- Newspaper Excerpt
- CHESTERTOWN BANK.-This Bank has suspended payment. It has been in an unhealthy condition for some time. People should be careful in receiving notes, as there are a great many worthless one's in circulation.
- Source
- newspapers
Newspaper Articles (1)
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