Bank of Wooster - Wooster, OH

Episode Information

Episode UID: 6456417390479
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 645641739 hash
Start Date: November 1, 1839*
Location: Wooster, Ohio (40.805, -81.935)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 453c06c22fb72614

Response Measures

None

Description

Article reports a suspension of specie payments but gives no follow-up on receivership or permanent closure.

Events (1)

1. November 1, 1839* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Management's 'mistaken policy' led the bank to suspend specie payments.
Newspaper Excerpt: The bank of Wooster, and German bank of Wooster. have through a mistaken policy, suspended specie payments.
Source: newspapers

Newspaper Articles (1)

1. November 9, 1839 The Columbia Democrat Bloomsburg, PA

Article from The Columbia Democrat, November 9, 1839

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Article Text

OHIO BANKS. The bank of Wooster, and German bank of Wooster. have through a mistaken policy, suspended specie payments. We hear of no other suspension in the Northern portion of Ohio yet, and we trust we shall not. The banks of this city continue to pay specie, and we learn to day that there has been no very considerable demand on them for coin. People.do not care about specie, so long as they now it can be obtained when asked for.