Washington Bank - New York, NY

Episode Information

Episode UID: 9820019890503
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 982001989 hash
Start Date: November 2, 1841
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: 6b4fb423b71ba342

Response Measures

None

Description

Article reports a court injunction placing the bank under restraint; outcome (reopening/permanent closure) is not stated.

Events (1)

1. November 2, 1841 Suspension

Cause: Government Action
Cause Details: Court injunction placed the bank under restraint, limiting its operations
Newspaper Excerpt: We learn that the Washington Bank has been placed under an injunction
Source: newspapers

Newspaper Articles (1)

1. November 2, 1841 New-York Tribune New York, NY

Article from New-York Tribune, November 2, 1841

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Article Text

There was a sale at the board of 5,000 Mexican Dollars at 102 3/4 a 6,30, without interest. For the Federal Six per cent. Loan, 99 was offered at the Board. For Commercial Bank 15 was asked. We learn that the Washington Bank has been placed under an injunction, the why we did not ascertain. This is the Bank with which Spencer, the defaulting Pension clerk of the Mechanics' Bank, was connected. It is one of the Free Banks, and was formerly located in the Bowery, opposite Bond street, and either suspended while there, or came so near suspension as to be in very bad repute. Its operations have been so limited that whether enjoined or not is a matter of very little importance, excepting that the opportunity of doing harm, if any such intention was entertained, is taken away. Foreign Exchanges are inactive to-day, the remittances having been made by the steamer on Saturday. Domestic Exchange is getting worse on some points, especially on Philadelphia. The following are the quotations: