Second Bank of the United States

Episode Information

Episode UID: 8641175990337
Episode Type: Suspension → Closure
Bank Type: federal
Bank ID: 864117599 hash
Start Date: January 1, 1828*
Location: Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 49031c7c5cd7b1a3

Response Measures

None

Description

Article criticizes historical suspension/‘suspended paper’ dating back to 1828 but gives few concrete event details.

Events (1)

1. January 1, 1828* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Accumulation of large amounts of suspended paper attributed to corrupt practices and mismanagement while a national institution.
Newspaper Excerpt: The commencement of this $29,000,000 of suspended paper extends back to 1828
Source: newspapers

Newspaper Articles (1)

1. July 2, 1841 The Illinois Free Trader and Lasalle County Commercial Advertiser Ottawa, IL

Article from The Illinois Free Trader and Lasalle County Commercial Advertiser, July 2, 1841

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Article Text

People take Warning! The Philadelphia correspondent of the New York Herald, in alluding to the affairs of the United States Bank, says : "The list of the suspended paper, with the names and dates, which prove incontestibly that the rottenness and decay of the Bank originated while it was a national institution. It was then that the money was sunk in bribing Congressmen, influencing elections, feeing lawyers, and purchasing votes. The commencement of this $29,000,000 of suspended paper extends back to 1828, and at each successive Presidential election it was swel-