Citizens Bank (Baltimore, MD)

Episode Information

Episode UID
2318439190731
Episode Type
Run Only
Bank Type
state
Bank ID
231843919 hash
Start Date
November 14, 1860
Location
Baltimore, Maryland (39.290, -76.612)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
43e380bdcdf5e6c7

Response Measures

None

Events (1)

1. November 14, 1860 Run
Cause
Macro News
Cause Details
Political/secession unrest and widespread financial stringency related to secession movement produced heavy withdrawals.
Measures
Paid demands promptly and continued specie payments until closing hour; met all demands.
Newspaper Excerpt
There was a heavy run yesterday on the Citizens' Bank, of Baltimore, which holds the city funds. It paid promptly until the closing hour.
Source
newspapers

Newspaper Articles (10)

Article from East Saginaw Courier, November 15, 1860

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Article Text

Washington, Nov. 14. The President, it is said, knows fully all the schemes of the seceders, and will meet the responsibility devolving upon him when the hour of action comes. A grand Union mass meeting is called to meet at Staunton, Va, on Saturday. There was a heavy run yesterday on the Citizens' Bank, of Baltimore, which holds the city funds. It paid promptly until the closing hour.


Article from Cleveland Morning Leader, November 16, 1860

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Article Text

CITIZENS' BANK. BALTIMORE, Nov. 15. Rather a better feeling prevailed in commercial circles to-day. There was something of a run on the Citizens' Bank, but all the demands were promptly met. The best informed express full confidence in the soundness of the Bank.Many manufacturing establishments, clothiers, &c have reduced the number of their hands. This is severely felt by the working classes, and it is sincerely hoped that contidence will soon be restored and former activity in business resumed.


Article from Cleveland Morning Leader, November 16, 1860

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Article Text

WASHINGTON NEWS. 001 W ASAINTON, Nov 14. The President, It is said, knows fully all the schemes of the seceders, and will meet the responsibility devolving upon him when the hour of action comes. A grand Union mass meeting is called to meet at Staunton, Va., on Saturday. There wa 8 a heavy run yesterday on the Citizens' Bank of Baltimore, which holds the City Funds. It paid promptly until the closing hour.


Article from Cincinnati Daily Press, November 16, 1860

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Article Text

From Washington-Exasgerated and False Reports Defense of President Buchan. an-Heavy Run on a Baltimore Bank. WASHINGTON, November 14. - -Many of the prevalent reports and conjectures concerning the action of the Government are untrue, and most of them exaggerated. The course of the Administration will afford no just cause for increasing the present excitement, either at the North or South, as it will endeavor fairly, firmly and impartially to perform its duty, as cases for its action may arise, always keeping the Constitution and the law in full view. The remark attributed to Representative Keitt, that the President is pledged to secession, has been received here with much astonishment, and his friends do not believe that he is correctly reported. It is well known that the President has never made such a pledge in any public paper, and his most intimate friends have never heard any thing from his lips which would lead to the beliefthat he entertains any sentiment which is not warmly in favor of preserving the Constitution in all its integrity. The Postmaster at Orangeburg, Mr. Keitt's residence, has forwarded his resignation, to take effect on the 1st of January, unless, he says, his most-abused and best-beloved State of South Carolina shall sooner secede. His resignation has been accepted, and he has been requested to designate a suitable person as his successor, who will give proper bonds for the discharge of all the duties required by the laws and regulations of the Postoffice Department. In the event of no e such person being found to fill the office, it must be discontinued. e Lieutenant-Colonel, Gardner has, in the 3, ordinary routine of business, been relieved r of the command of Fort Moultrie, and will r be succeeded by Major Anderson, who is n next to him in rank in the First Regiment n of Artillery. The newspaper report that Fort Moultrie e is occupied by a military company of Charlesr ton, is the only information received of it in this city. The War Department has neither given an order or received any inL formation on the subject. of The 5,000 stand of arms recently menh tioned as having gone South, were pure chased in Washington by Virginia, for the 1use of that State. They were of an inferior e quality. iThe President, it is said, knows fully all 8the schemes of the seceders, and will meet n the responsibility devolving upon him when a the hour of action comes. e A grand Union mass meeting is called to g meet at Staunton, Va., on Saturday. by There was a heavy run, yesterday, on the of Citizens Bank, Baltimore, which holds the e. city funds. It paid promptly until the clos Iing hour. p-


Article from Richmond Daily Whig, November 16, 1860

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Article Text

FINANCIAL MATTERS IN BALTIMORE. BALTIMORE, Nov. 15.-There is rather a better commercial feeling to-day. There was something of a run on the Citizens' Bank, but all demands were promptly met, and the best informed express full confidence in its soundness. Many manufacturing establishments, clothiers, etc., have reduced their number of hands which effects severely the working classes; but it is hoped confidence will soon be measurably restored and the former actively resumed.


Article from Daily Intelligencer, November 16, 1860

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Article Text

BALTIMORE, Nov. 15th.-There is R better feeling in commercial circles, to-day. There was a general run on the Citizens' Bank, but all demands were promptly met, and the best informed express full confidence in the soundness of that institution. Many of the manufacturing establishments, clothiers, etc., have reduced the n umber of their employees, which affects severely. the working classes; but it is hoped that confidence will soon be measurably restored, and the former activity in trade restored.


Article from Chicago Daily Tribune, November 16, 1860

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Article Text

Better Feeling in Baltimore. BALTIMORE, Nov. 15.-Rather a better feelIng prevails in commercial circles to-day. There was something of a run on the Citizens' Bank, but all the demands were promptly met. The best informed express full confidence In the soundness of the bank. Many manufacturing establishments, clothiers, &c., have reduced the number of their hands. This is severely felt by the working classes, but It is hoped that confidence will soon be measurably restored and former activity in business resumed.


Article from Nashville Union and American, November 18, 1860

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Article Text

Matters at the North. Special Dispatch to the Charleston Counier. BALTIMORE, November 14.-The financial pressure here and at the North is intense. Stocks have truly depreciated. South and North Carolina Bank notes are taken at 10 to 15 per cent. discount. The Banks are greatly pressed to relieve the business community. All kinds of business are paraly zed, and great distress will assuredly ensue. It is generally believed here that South Carolina will certainly secede from the Union. Maryland sympathizes greatly with her. Unless the North immediately take the first opportunity to repeal the odious legislative enactments which interrupt and neutralize the action of the Fugtive slave law, the South will be justified in dissolving the Union. The extreme Republican journals in New York are getting frightened at last. The Times has a strong editorial advocating concessions to the South, and the repeal of State laws against the Fugitive slave law. There has been a considerable run on the Citizens' Bank here to-day. It continued paying out specie, however, until the closing hour. It is apprehended that the run will be renewed to-morrow. It is feared that all the Banks will be compelled to suspend specie payments soon, if the excitement contin ues. The greatest alarm prevails.


Article from Clarksville Chronicle, November 23, 1860

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Article Text

MATTERS AT THE NORTH.- dispatch to the Charloston Courier, dated Baltimore, Nov. 14th, says: The financial pressure here and at the North is intense. Stocks have truly depreciated. South and North Carolina Bank notes are taken at 10 to 15 per cent. discount. The Banks are greatly pressed to relieve the business community. All kinds of business is paralysed, and great distress will assuredly ensue. There has been a considerable run on the Citizens' Bank here to-day. It continued paying out specie, however, until the closing hour. It is apprehended that the run will be renewed to-morrow. It is feared that all the Banks will be compelled to suspend specie payments soon, if the excitement continues. The greatest alarm prevails, It is generally believed here that South Carolina will certainly secede from the Union. Maryland sympathizes greatly with her. Unless the North immediately take the first opportunity to repeal the edious legislative enactments which interrupt and neutralise the action of the Fy gitiye's slave law, the South will be justified in dissolving the Union, The extreme Republican journals in New York are getting frightened at last. The Times has a strong editorial advocating concessions to the South, and the repeal of State laws against the Fugitive slaye law.


Article from Daily National Democrat, November 27, 1860

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Article Text

One Day Later Still. ST. LOUIS, VIA. FORT KEARNEY, Nov. 15.No material change in the secession movements. The Legislatures of Virginian and Mississippi have called Conventions. Georgia and Alabama have also determined to call Conventions. The stringency in"money affairs and decline of stocks amount to a panic. No banks have suspended yet. There was a run on the Citizens' Bank, at Baltimore, which was promply met.