Tradesmens National Bank (New York, NY)

Episode Information

Episode UID
90500981
Episode Type
Suspension β†’ Reopening
Bank Type
national
Bank ID
9050 national
Charter Number
905
Start Date
September 8, 1881
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
935a5672d15c7918

Response Measures

None

Description

September 8 closure appears to be a city-wide temporary holiday/closure; November rumor prompted a Clearing House examination but bank was found sound.

Events (4)

1. March 17, 1865 Chartered
Source
historical_nic
2. September 8, 1881 Suspension
Cause
Government Action
Cause Details
Mayors issued proclamations calling for all banks and exchanges in New York to close for the day.
Newspaper Excerpt
The New York produce and cotton exchange, clearing house, and all banks will be closed to-day.
Source
newspapers
3. November 14, 1881 Run
Cause
Rumor Or Misinformation
Cause Details
A damaging rumor circulated about the bank's credit prompting a Clearing House committee to inspect and publicly report the bank sound.
Measures
Clearing House appointed a committee to examine the bank; committee reported the institution entirely sound.
Newspaper Excerpt
A rumor was current today Injurious to the credit of the Tradesmen's National Bank. The Clearinghouse sent a committee there this afternoon, and the President informed them that he would, In view of the rumor, consider It a favor If they would make a thorough examination of the bank so that runior may be denied on the highest disinterested authority.
Source
newspapers
4. January 13, 1899 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from Daily Globe, September 8, 1881

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Article Text

ALL AROUND THE GLOBE. The New York produce and cotton exchange, clearing house, and all banks will be closed to-day. The mayors of New York and Brooklyn have issued proclamations calling on all to close their places of business, and trade will be suspended in both cities. Robert Steep, of Manville, Kan., nine miles west of there, while crossing the railroad track in a wagon, was killed by railroad train No. 3. Alex. Grey, of Allegheny City, one of the wardens of the western penitentiary, received serious injuries on the Pennsylvania railroad, at Seaman Place, yesterday, dying several hours afterwards.


Article from Chicago Daily Tribune, November 15, 1881

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Article Text

ITEMS. THE TRADESMEN'S NATIONAL BANK. New Yonk, Nov. 14.-A rumor was current today Injurious to the credit of the Tradesmen's National Bank. The Clearingllouse sent a committee there this afternoon, and the President informed them that he would, In view of the rumor, consider It a favor If they would make a thorough examination of the bank so that runior may be denied on the highest disinterested authority. The President of the Fourth National says the Tradesman's is entirely solvent. The Clearlnz-House committee appointed to examine the Tradesmen's National Bank, report the Institution entirely sound. THE NATIONAL TARIFF CONVENTION, to be hold in this city the 29th and 80th lusts., is creating grent Interest throughout the country. More than 450 delegates have already been elected. It is estimated that representatives of more than $1,000,000,000 capital Invested In manufactures will be present, while mechanical labor and the farming Interest will be equally well represented. FAILURE. Charles/T'. White & Co., operative chemists, 54 Maiden Inno and 20 Liberty street, have suspended, with liabilities amounting to $250,000. DECISION IN A WILL CASE. In the matter of the contested will of the Inte Peter Hughes, of Braddock, near l'Ittsburg, Pa., Surrogate Livingston, In Brooklyn, today. rendered a decision directing that the personal estate of the deceased, less certain amounts allowed in accounting, be remitted to Braddock, and there administered upon. The estute is valued nt 630,000, and the contest Is between James Hughes, of Brooklyn, brother of the deceased, and the Rev. Matthew Carroll, of Braddock, Pa. MADE HER DEBUT. Mlle Rhen, the Russian dΓ©butante, made her first appearance in America tonight at the Brooklyn Park Theatre in the character of Camille, and achieved a decided success.