9432. Bank of St Louis (St Louis, MO)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
October 30, 1857
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
8fa8857fa190a2b7

Response Measures

None

Description

Articles (Oct–Dec 1857) describe the Bank of St. Louis suspending during the Panic of 1857 and then resuming business in December 1857 with coin paid in. No explicit run on the bank is described in the provided excerpts, so this is a suspension followed by reopening. I infer 'state' as the charter type because this is 1857 (pre-National Banking Act) and the text calls it one of the 'new Banks of Missouri.'

Events (2)
1. October 30, 1857 Suspension
Cause
Macro News
Cause Details
Suspension occurred during the Panic of 1857; articles explicitly link suspension to the panic and broader financial distress.
Newspaper Excerpt
The St. Louis papers say that by suspension, the Banks of St. Louis and Missouri have forfeited all their legal franchises
Source
newspapers
2. December 9, 1857 Reopening
Newspaper Excerpt
The 'Bank of St. Louis,' of which Mr. Anderson is President, ... will commence business the week after on about $100,000 of coin paid in.St. Louis News.
Source
newspapers

Newspaper Articles (3)
1. October 30, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 30, 1857

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Article Text

The St. Louis papers say that by suspension, the Banks of St. Louis and Missouri have forfeited all their legal franchises and are at the mercy of the Legislature, that will now attempt to make some reforms in the whole system. The Democrat says suspension has brought no relief in financial matters. "Business is dull in every department, and no relief need be looked for until the crops come forward. This is not to be expected until spring. Our merchants will, therefore, have to look to other sources for relief in their present difficulties." A bill has been introduced into the Legislature to legalize the Bank suspension till November 1858.

2. December 9, 1857 The Burlington Weekly Hawk-Eye Burlington, IA
Article from The Burlington Weekly Hawk-Eye, December 9, 1857

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Article Text

RESUMING.-We have the pleasure of announcing that the Banking House of John J. Anderson & Co., of this city, suspended during the panic, will resume next Monday. The "Bank of St. Louis," of which Mr. Anderson is President, one of the new Banks of Missouri, will commence business the week after on about $100,000 of coin paid in.St. Louis News.

3. December 12, 1857 Muscatine Weekly Journal Muscatine, IA
Article from Muscatine Weekly Journal, December 12, 1857

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Article Text

RESUMING.--We have the pleasure of announcing that the Banking House of John J. Anderson & Co., of this city, suspended during the panic, will resume next Monday. The "Bank of St. Louis," of which Mr. Anderson is President, one of the new Banks of Missouri, will commence business the week after, on about $100,000 of coin paid in.-St. Louis News.