Bank of River Raisin

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: June 2, 1838
Location: Monroe, Michigan (41.916, -83.398)

Metadata

Model: gpt-5-mini
Short Digest: 52589e38

Response Measures

None

Description

Article (Richmond Palladium, 1838-06-02) reports the Bank of River Raisin 'resume the payment of their notes in specie to-day' after an earlier suspension attributed to external circumstances. No run is described; this is a suspension followed by reopening/resumption of specie payments.

Events (2)

1. June 2, 1838 Reopening

Newspaper Excerpt: The Bank of River Raisin ... resume the payment of their notes in specie to-day.
Source: newspapers

2. * Suspension

Cause Details: Bank had previously suspended payments due to external/foreign circumstances (not specified in article)
Newspaper Excerpt: As the banks of Michigan, in suspending, yielded only to the force of external and foreign circumstances
Source: newspapers

Newspaper Articles (1)

1. June 2, 1838 Richmond Indiana Palladium Richmond, IN

Article from Richmond Indiana Palladium, June 2, 1838

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Article Text

or sound, Specie payments in Michigan.-The Monroe (Michigan) Gazette of the 15th inst says 'The Bank of River Raisin, and the Merchant's and Mechanics Bank of this city, resume the payment of their notes in specie to-day. As the banks of Michigan, in suspending, yielded only to the force of external and foreign circumstances, they are able to resume without the least difficulTEMPERANCE HALL, PHILADELPHIA.-The Philadelphia Gazete savs that a number of females, delegates to the abolition convention which assembled in the Pennsylvania Hall, assembled on Friday morning at the Temperance Hall, in the North Liberties. Thev were however denied admission by the proprietors of the Hall. One of the ladiesthen addressed the assemblage,but the eaergetic police of the district, dispersed the crowd, and thus prevented any disturbance. Upon this the New York Commercial very justly rcmarks. "We are glad that the meeting was prevented by peaceable means. The females who so far forget the province of their sex,as to preambulate the country, and assemble for such purposes, should be gently restrained from their convocations. and sent to the best insane hospital to be found. Meantime the husbands and parents of those modern Amazons, should be arrayed in caps and aprons,and installed in their respective kitchcns."