Passamaquoddy Bank - Eastport, ME

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: April 20, 1826
Location: Eastport, Maine (44.906, -66.990)

Metadata

Model: gpt-5-mini
Short Digest: 9bb75ac0

Response Measures

None

Description

Article (The Rhode-Island Republican, 1826-04-20) reports Passamaquoddy Bank at Eastport 'has suspended payment' because its bills on England were protested (correspondent/defaulted bills). The article gives no information on reopening or permanent closure; I classify as suspension_reopening as suspensions in this era were commonly temporary due to returned foreign bills. If later evidence shows permanent closure, classification should be updated.

Events (1)

1. April 20, 1826 Suspension

Cause: Correspondent
Cause Details: Bills on England (foreign correspondent) were returned protested, leading the bank to suspend payment.
Newspaper Excerpt: we understand that the Passamaquoddy Bank, at Eastport, has suspended payment in consequence of their bills on England having come back protested.
Source: newspapers

Newspaper Articles (1)

1. April 20, 1826 The Rhode-Island Republican Newport, RI

Article from The Rhode-Island Republican, April 20, 1826

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Article Text

FROM THE PACIFIC OCEAN. We have seen a letter from an officer on board the frigate U. States, dated off Chorillos 25th November, which states that a number of the officers and crew had been sick with the small pox, but at the date of the letter the ship was healthy, the sick having been sent ashore by Com. Hull. We regret to add that fifteen of the crew had died. We understand that the Passamaquoddy Bank," at Eastport, has suspended payment in consequence of their bills on England having come back protested. The Legislature of Pennsylvania adjourned on the 11th inst. after a session of four months. The Middlesex Canal is, we believe. in full and promising operation for the season. Accounts from the South mentions that the fruit, particularly peachés, had been generally destroyed by frosts. Green Peas made their appearance in the Norfolk market on the 10th inst. A young man, at Rehoboth, is said to have 17 Grand Parents. The people of Albanv have petitioned Congress to improve the nayigation of the Hudson.