Dandridge Bank (Dandridge, TN)

Episode Information

Episode UID
2920587390696
Episode Type
Suspension โ†’ Reopening
Bank Type
state
Bank ID
292058739 hash
Start Date
December 1, 1857*
Location
Dandridge, Tennessee (36.015, -83.415)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
98e6ee0f1e007868

Response Measures

None

Events (1)

1. December 1, 1857* Suspension
Cause
Macro News
Cause Details
Suspended specie payments contemporaneously with other Tennessee banks during the statewide banking suspension/strain in late 1857.
Newspaper Excerpt
We suspended specie payment when the other Banks of Tennessee did so, and in the meantime we intend to resume in other currency, whenever our notes are presented.
Source
newspapers

Newspaper Articles (3)

Article from The Athens Post, December 25, 1857

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Article Text

DANDRIDGE BANK.-Persons holding notes of this institution, will see by the subjoined extract from a letter addressed by the Cashier to a gentleman in Nashville, that they need not submit to any shave on the same, but can have them exchanged for notes at par in that city by simply remitting to the Bank. "Enclosed we send you $15, in return for the same amount of the notes of this bank, received this morning in yours of the 29th ult. We suspended specie payment when the other Banks of Tennessee did so, and in the meantime we intend to resume in other currency, whenever our notes are presented. We hope no man may lose a cent on the notes of this Bank, for the Bank is fully able to redeem every dollar, and the stockholders are perfectly willing and determined to do so. "If the banks of the State were prohibited from putting their notes in circulation remote from their own offices, and required to pay out nothing but their own issues, redeemable at their several counters, it would prevent 'wild cat' operations, and improve the currency of the State. With respect, &c., W. R. BRANNER, Cashier."


Article from Nashville Union and American, April 21, 1858

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Article Text

WHEAT. WHEAT, ANTED Immediately, 100, al 0 bushels of whent. We W will take all qualities of wheat at the highest market price paid in Nashville, We also have an order for 500 bales or Strict Middling Cotton, for which we will pay the highest market price delivered at our Warehouse, corner H. S. FRENCH & SON. Market and Clark street. B.G. nov 12 Uncurrent Bank Notes Wanted. R will pay the highest market price for the Notes of W the following Banks, if delivered immediately: Lawrenceburg, Shelbyville, Occee, Dandridge, and Knoxville. the above Notes we want particularly. We will also, buy The Notes of all suspended Free Banks not mentioned in the above list, at the ;highest market price. A. WHELESS & CO. dec 6 s


Article from Nashville Union and American, June 6, 1858

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Article Text

UNCURRENT BANK NOTES WANTED. will pay the highest market price for the Notes of the W following Banks, if delivered immediately: Lawrenceburg, Shelbyville, Ocoee, Dandridge, and Knoxville, the above notes we want particularly. We will also buy the Notes of all suspended Free Banks, not mentioned in the above list, at the highest market price. dec5-tf A. WHEELES & CO.