Leonardsville Bank (Leonardsville, NY)

Episode Information

Episode UID
5967637890694
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
596763789 hash
Start Date
October 1, 1857
Location
Leonardsville, New York (42.809, -75.253)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8e5533106862a056

Response Measures

None

Description

Part of the widespread 1857 panic causing many NY banks to suspend/ fail.

Events (1)

1. October 1, 1857 Suspension
Cause
Macro News
Cause Details
Widespread financial panic of 1857 led to suspensions and failures across New York.
Newspaper Excerpt
The failure of the Bank of Lima, and of the Leonardsville Bank, both in this State, is announced.
Source
newspapers

Newspaper Articles (2)

Article from Worcester Daily Spy, October 2, 1857

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Article Text

RAILROAD INJUNCTION-Bank Failures.New York, Oct. 1.-The Lacross and Milwaukie Lailroad was yesterday served with an injunction, to prevent the payment today of the coupons on what are called the corruption bonds. The failure of the Bank of Lima, and of the Leonardsville Bank, both in this State, is announced. The Farmers' and Mechanics' Bank, of Long Island, at Williamsburg, suspended today.


Article from Weekly National Intelligencer, October 10, 1857

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Article Text

SUSPENDED BANKS EASTWARD. The New York Sun gives the following list of Banks located east of Maryland which have suspended specie payments : MAINE. Canton Bank, China. Monsum River Bank, Sanford. Exchange Bank, Bangor. Sanford Bank, Sanford. NEW HAMPSHIRE. Exeter Bank, Exeter. Weare Bank, Hamilton Falls. RHODE ISLAND. All suspended specie payments. MASSACHUSETTS. Bass River Bank. Western Bank, Springfield. Lee Bank, Lee. VERMONT. Danby Bank, Danby. South Royalton Bank, South Stark Bank, Bennington. Royalton. CONNECTICUT. Bridgeport City, Bank, Bridgeport. Thompson Bank. Bank of Hartford County. Windham County Bank. Bank, of North America, Seymour. Mercantile Bank, Hartford. Colchester Bank, Colchester. Exchange Bank, Hartford. Pawcatuck Bank. Charter Oak Bank, Hartford. NEW YORK. Agricultural Bank, Herkimer. Island City Bank, N. Y. city. Leonardsville Bank. Bank of Canandaigua. Bank of Central New York, Utica. Mechanics' Banking Association, Bank of Lima. New York city. Bank of Old Saratoga. Medina Bank. Bank of Orleans, Albion. Niagara River Bank, Tonawanda. Bank of Watertown. Oliver Lee's Bank, Buffalo. Chemung County Bank. Ontario County Bank, Phelps. Dairymen's Bank, Newport. Ontario Bank, Utica. Farmers' and Citizens' Bank, L.I. Oneida Central Bank, Rome. Farmers' Bank, Hudson. Powell Bank, Newburgh. Hamilton Exchange Bank. Reciprocity Bank, Buffalo. Hollister Bank, Buffalo. Sacketts' Harbor Bank, Buffalo. Hudson River Bank. Western Bank, Lockport. Huguenot Bank, New Paltz. Worthington Bank. Yates County Bank, Penn Yan. NEW JERSEY. America Bank, Trenton. Bank of N. J.; N. Brunswick. Bergen County Bank. Bordentown Banking Company. Burlington Bank. Burlington County Bank. Camden Bank, Camden. Cumberland Bank, Burlington. Farmers' and Mechanics' Bank, Gloucester Bank, Woodbury. Camden. Hunterdon County Bank. Mount Holly Bank. Phillipeburgh Bank. Princeton Bank, Princeton. Salem Banking Company, Salem. Union Bank of Frenchtown. PENNSYLVANIA.