Market National Bank (New York, NY)

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Episode Information

Episode UID
96401106
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
9640 national
Charter Number
964
Start Date
February 1, 1892*
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
9c52b72a6cb0192a

Response Measures

None

Events (4)
1. March 31, 1865 Chartered
Source
historical_nic
2. February 1, 1892* Suspension
Cause Details
Collective refusal by New York banks in Feb 1892 to supply gold for export and government payments, suspending specie payments.
Newspaper Excerpt
They suspended in February, 1892, by refusing to supply gold for export and for the payment of government dues.
Source
newspapers
3. November 9, 1896 Reopening
Newspaper Excerpt
The banks are contemplating the resumption of specie payments ... Since the election the metal has been coming into the banks in such a flood that they see their way clear to what can be termed the resumption of specie payments.
Source
newspapers
4. April 8, 1918 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (5)
1. November 9, 1896 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, November 9, 1896

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Article Text

PLENTY OF GOLD IN NEW YORK The Gotham Banks Contemplating Resumption of Gold Payments and Thus Relieving Treasury. GOLD WILL BE PUT INTO CIRCULATION Wheat Market Broke Season's Record This Morning-December Jumped to Over 80 Cents-Rise Not Attended by Excitement. New York, Nov. 9. -The banks are contemplating the resumption of specie payments, which they suspended in February, 1892, by refusing to supply gold for export and for the payment of government dues. That action threw the burden of supplying gold upon the treasury and eventually forced the issue of bonds by the government. Since election the yellow metal has been coming into the banks in a flood. By this action of the banks, gold will be put into circulation, and no reason whatever will exist for hoarding it. They will also resume the task of supplying gold for export and thus relieve the treasury of a great strain.

2. November 9, 1896 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, November 9, 1896

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Article Text

WILL RESUME SPECIE PAYMENT, The Banks will Supaly Gold and ReHeve the areasury, NEW YORK, Nov. 9,-The banks are contemplating the resumption of specie payments which they suspended in February, 1892, by refusing to supply gold for export and for the payment of government dues. That action threw the burden of supplying gold upon the treasury, and eventually forced the issue of bonds by the government, which aroused so much complaint. Since the election, the metal has been coming into the banks in such a flood that they see their way clear to what can be ternied re. sumption of specie payments. By this action of the banks, gold will be put into circulation and no reason whatever will exist for hoarding it. They will also resume the task of supplying gold for export and thus relieve the treasury of a great strain.

3. November 9, 1896 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, November 9, 1896

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Article Text

BANKS WILL PAY OUT GOLD They Will Relieve the Treasury of the Burden it Had. New York, Nov. 9.-The banks are contemplating the resumption of specie payments, which they suspended in February, 1892, by refusing to supply gold for export and for the payment of government dues. That action threw the burden of supplying gold upon the treasury and eventually forced the issue of bonds by the government which aroused SO much complaint. Since the election gold has been coming into the banks in such a flood they see their way clear to what can be termed the resumption of specie payments. By this action of the banks gold will be put into circulation and no reason whatever will exist for hoarding it. They will also resume the task of supplying gold for export and thus relieve the treasury from the strain.

4. November 10, 1896 The Dalles Daily Chronicle Dalles, OR
Article from The Dalles Daily Chronicle, November 10, 1896

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Article Text

Banks Feel the Effect of Restored Confidence. NEW YORK, Nov. 9.-The banks are contemplating the resumption of specie payments which they suspended in February, 1892, by refusing to supply gold for export and for payment of government dues. That action threw the burden of supplying gold upon the treasury, and eventually forced the issue of bonds by the government, which aroused so much complaint. Since the election the metal has been coming into the banks in such a flood that they see their way clear to what can be termed a resumption of specie payments. By this action of the banks gold will be put into circulation, and no occasion whatever will exist for hoarding it. They will also resume the task of supplying gold for export and thus relieve the treasury of a great strain.

5. November 10, 1896 Pine Bluff Daily Graphic Pine Bluff, AR
Article from Pine Bluff Daily Graphic, November 10, 1896

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Article Text

THEIR WAY CLEAR Coming Into the Banks In a Flood. PTION OF SPECIE PAYMENT York Banks Are Contemplating Move-They - Suspended Such stent In February, 1892, by Reto Supply Gold For Export-Facnd Shops Running Full Time. YORK, Nov. 10.-The banks are W implating the resumption of specie ents, which they suspended in arry, 1892, by refusing to supply for export and for the payment of mment dues. That action threw borden of supplying gold upon the Sary and eventually forced the issue bonds by the government, which red SO much complaint. Since the metal has been coming into the firs in such a flood that they see their clear to what can be termed the reotion of specie payments. By this of the banks gold will be put on circulation and no reasons whatwill exist for hoarding it. They also resume the task of supplying for export and thus relieve the stray from the strain.