Bank of Orleans (New Orleans, LA)

Episode Information

Episode Type
Suspension → Reopening
Start Date
October 1, 1857*
Location
New Orleans, Louisiana (29.955, -90.075)
Bank Type
state

Metadata

Episode ID
Bank ID
City ID
221629985
Model
gpt-5-mini
Short Digest

Events (2)
1. October 1, 1857* Suspension
Cause
Macro News
Cause Details
Part of broader banking suspensions during the financial panic of October 1857 affecting multiple New Orleans banks.
Newspaper Excerpt
The Bank of Orleans...have suspended.
Source
newspapers
2. October 17, 1857 Reopening
Newspaper Excerpt
the Bank of Orleans had partially resumed specie payments.
Source
newspapers

Newspaper Articles (2)
1. October 21, 1857 Semi-Weekly Standard Raleigh, NC
Article from Semi-Weekly Standard, October 21, 1857

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Article Text

Bank Suspensions

NEW ORLEANS.-The Bank of Orleans, Union, Mechanices' and Traders' Banks have suspended. Cotton nine and a half to ten cts. Sr. LOUIS.-A heavy run is being made on the Bank of the State of Missouri. The ability of the Banks to hold out is doubted by some. NASHVILLE.-The Bank of Tennessee has suspended. 'The Legislature is engaged in considering the legalization of the policy.

2. October 22, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 22, 1857

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Article Text

NEW ORLEANS

-Reports up to the 17th inst state the Bank of Orleans had partially resumed specie payments. The wealthy house of John A. Dougherty & Co., extensively connected with the St. Louis produce trade, had suspended.