Northern Bank of Kentucky (Louisville, KY)

Episode Information

Episode UID
9842049290744
Episode Type
Suspension β†’ Reopening
Bank Type
state
Bank ID
984204929 hash
Start Date
December 31, 1861
Location
Louisville, Kentucky (38.254, -85.759)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b5f62bebeae45e3f

Response Measures

None

Description

Suspension of specie payments reported Dec. 31, 1861; likely Civil War–related macro disruption.

Events (1)

1. December 31, 1861 Suspension
Cause
Macro News
Cause Details
Suspended specie payments amid Civil War disruptions and regional military rumors.
Newspaper Excerpt
The Northern Bank of Kentucky has suspended specie payment.
Source
newspapers

Newspaper Articles (10)

Article from The Evansville Daily Journal, January 1, 1862

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LOUISVILLE, Dec. 31st.-The - Northern Bank of Kentucky has suspended specie payment. A doubtful rumor prevails, that the Cave City Hotel was burned by the secessionists to-day. Exciting rumors of a general engagement in Southern Ky., prevailed all day, but are generally discredited now, no notice having been received at headquarters. The Peoples' Bank of Bowling Green has been reorganized at Louisville by a new board of Directors, who assume the control of the bank, to-morrow.


Article from Evening Star, January 1, 1862

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Suspension of Specie Payments. CLEVELAND, Dec. 30-All 1 the banks of this city suspended specie payments to-day. PITTSBURG, Dec 30 - -The news of the suspension of specie payments by the eastern banks was not wholly unexpected here, and created little or no alarm. Our banks have not generally suspended Three of their, It is understood, have suspended; but four are still paying specie, namely: the old Bank of Pittsburg, the Mechanleg' Bank, the Citizens' Bank, and the Iron City Bank. LOUISVILLE, Dec. 31.-The North Bank of Kentucky suspended specie payments to-day.


Article from The Sun, January 1, 1862

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in force, destroy Green Bridge and retire. All the regulars were thrown across the bridge ear. ly yesterday morning. Louieville, Dec. 31 -The North Bank of Kentucky has suspended specie payment. The People's Bank of Bowling Green has been reorganized at Louisville, by the choice of a new Board of Directors.


Article from Daily State Sentinel, January 1, 1862

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From Kentucky. LOUISVILLE, Dec. 31.-The Northern Bank of Kentucky has suspended specie payment. A doubtful rumor prevails that the Cave City Hotel was burned by the Secessionists to day. Exciting rumors of a general engagement in Southern Kentucky prevailed to-day, but are generally discredited now, no notice having been received at headquarters. The Peoples' Bank at Bowling Green was reorganized at Louisville by a new Board of Directors, who assume the direction to-morrow.


Article from New-York Daily Tribune, January 1, 1862

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IMPORTANT FROM KENTUCKY. REPORTED BATTLE NEAR PADUCAH CINCINNATI, Tuesday, Dec. 21, 1861. A special dispatch to The Commercial, from Indianapolis, says that there are rumors of fighting in Kentucky to-day. Gen. Buell had ordered to Green River a regiment of fasileers and a regiment of light artillery before he went forward. Gen Backner's cavalry were yesterday within a short distance of our pickets, and it is supposed that be intended attacking Col. McCook in force, destroy Green Bridge, and retire. All the regulars were thrown across the bridge early yesterday morning. PHILADREPHIA Tuesday, Dec. 31, 1061. A private dispatch received here mentions as among the killed at the battle of Paducah, Capt. AIbert Bacon of this city. Capt. Bacon belonged to a Kentucky regiment raised near Frankfort. The dispatch gives no particulars of the battle. LOUISVILLE Toe day. Dec. 31, 1064. The North Bank of Kentucky has suspended specie payment. A doubtful rumor prevails that the Cave City Hotel was burned by the rebels. Exciting rumors of a general engagement in Southern Kentucky have prevailed all day, but are generally discredited now, no notice thereof being received at headquarters. The People's Bank of Bowling Green has been reorganized at Louisville by the choice of a new Board of Directors, who assame direction of the bank tomorrow.


Article from Chicago Daily Tribune, January 1, 1862

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MATTERS IN KENTUCK Y. Rumors of an Engagement Beyond Green River-Not CorroboratodOther Matters. CINCINNATI, Dec. 31.-A special dispatch to the Commercial, from Indianapolis, says there are runiors of a fight in Kentucky to-day. Gen. Buell ordered to Green River a Regiment of fusileers and a regiment of light artillery before he went forward. Buckner's Cavalry were yesterday within a short distance of our pickets, and it is supposed intendedattacking McCook in forcound to destroy Green River Bridge and retire: All the regulars were thrown across the bridge yesterday morning. LOUISVILLE, Dec. 31.-The Northern Bauk of Kentucky has suspended specie payment. A doubtful rumor prevails that the Cave City Hotel was burned by the secessionists, to-day. Exciting rumors of a general engagement in Southern Kentucky prevailed all day, but are generally discredited now, no notice having been received at headquarters. The People's Bank, at Bowling Green, has re-organized at Louisville with a new Board of Directors who assume the direction of the bank to-morrow.


Article from Daily Ohio Statesman, January 3, 1862

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More Bank Suspensions, The Northern Bank of Kentucky, at Louisville, has suspended specie payment. The Pittsburgh Post, of Jan. 1, states that the Citizens', Exchange, Merchants' and Manufacturers, and Allegheny Banks had suspended the day previous.


Article from New Orleans Daily Crescent, January 7, 1862

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flag of truce from Old Point brings to the office of the Noriolk Day Book the New York Herald of the 3d inst. The Herald says Mason and Slidell sailed in the Rinaldo from frovidencetown on the 1st of January, in a perfect horricane. Gen. MeClellan is much improved. Three thousand troops for Butler's expedition saited of the Constitution on the 3d of January. Gen. Williams, of Kers, is ereeting fortifications to command Detroit. The Spaniell troops entered the city and fort Vera the 17th of December, without opposition the Mexicans abandoned their artillery and monitions of war. The French fleet has arriged at Havana. The London Times is highly indignant at the stone blockade, and calls it an act of hostility to the whole human race. The French press criticises Lincola's message unfavorably. Rumors of Battles in Western Virginia. RICHMOND, Jan. 6.-In the absence of official facts, we give the following Many extravagant reports have prevailed at Staunton during the past two days about Col. Johnson's movements at the Alleghany Mountains and the approach of Fed erals, but many of them are discredited. This afternoon we have a report of a battle near Romney, and our taking 500 prisoners also, a skirmish near Hanging Rock, between Winehester and Romney. But, like the former reports from the Mountain region, there are postions probably true, but they are confused and unreliable. From Lincolndoa.viaaRichmond RICHMOND, Jan. -The New York Herald of the dinst. is received. The Herald's Washington correspondent says: McGlellan is advancing in the drilling and disciplining of the army; also, in the receiving of supplies. He yaill soon advance his columns on the Potomac and by sea. The cause of his retarded movements. has been the delay of the fleets, and the difficialities with England. Bank Failure.in.Kentnaky LOUISVILLE, Dec. 31.-The Northern Bank of Kentucky has suspended. The People's Bank, formerly at Bowling Green, is reorganized at Louisville. The rumors of engagements in Southern Kentucky are unreliable. Gen. Buckner's Movements. CINCINNATI, Dec. 31.-Buckner's cavalry, on yesterday, were near the Federal pickets, and it is supposed he intends attacking McCook in force and destroy Green river bridges, then retire. Federal Reconnoisances WASHINGTON, Dec. 31.-Federal reconnoisances show that the Confederates have strong picket guards beyond Drainesville, but no troops at that place: further, that the Confederates have moved their outer lines backwards a few miles, indicating that they are going into winter quarters. The Maryland Legislature has met. H. Winter Davis, Reverdy Johnson and Thomas Swann are competing candidates for the Federal Senate. Mason andSlidell en route for Europe. BOSTON, Jan. Messrs. Mason and Slidell have left for Providencetown there they will take passage on the steamer Rinaldo for Europe. Col Hugh MeLeod's Remains. RICHMOND, Jan. 6.- The body of Col., Hugh McLeod is in this city, en route for Texas. He died at Dumfries, on the 3d inst. Col. McLeod was a native of Georgia, and commanded the celebrated Santa Fe expedition under President Lamar. Congressional Proceedings. RICHMOND Jan. 6.-In Congress to-day culogies were delivered by Mr. Ochiltree of Texas, Mr. Johnson of Arkansas, Mr. Boyce of South Carolina, and Mr. Price of Virginia, on the death of Judge Hemphill, of Texas. After which appropriate resolutions were adopted and a committee of one from each State appointed to arrange the funeral ceremonies. The funeral ceremoniss will take place to-morrow, at 11 A. M. No other business was transacted. The mem. bers of Congress are daily returning from the enjoymont of the holidays. Louisiana Legislature BATON ROUGE, January 6.-In the Senate, the Hon. A. M. Gray, on sufficient evidence having been shown of his election, was qualified and took his seat as Senator for the parishes of Avoyelles, Pointe Conpee and West Feliciana. In the House, the bill incorporating the New Iberia and Sabine Railroad was passed. A joint resolution passed both Houses, tendering to Gov Jackson, of Missouri, now in the city of New Orleans, the hospitalities of the State, and inviting him to visit Baton Rouge: after which both Houses adjourned, on account of the death of Hon. Matt Brown, a representative from the parish of Orleans. From Menaphis. MEMPHIS, Jan. ---Gen. Jeff Thompson leaves on to-morrow for New Orleans. Gen. Pr.ce is reported at Springfield, with ten thousand, men, Military movements to clear out the Federals in Northern Missouri wil! be made soon.


Article from Western Reserve Chronicle, January 8, 1862

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DEATH BY DROWNING.-On Sunday last several boys being upon Shockolog Pond, in Copley, sliding and skating. Norman Bosworth, aged about 15 years, a son of Delos Bosworth, Esq., broke through the ice and was drowned.-Alron Beacon. The debt of Aleghany county, Pa., including Pittsburgh and Alleghany City, is nearly seven million, seven hundred thousand dollars, and the value of the tax able property is but twenty-eight millions. BANK SUSPENSION.-The Northern Bank of Kentucky, at Louisville, and the Citizens, Exchange, Merchants, and Manufacturers, of Pittsburgh, and Allegheny Banks, have suspended specie payments. The Lake Officers resident in Buffalo are moving to organize an Independent Naval Corps, to be about 300 strong, and the seamen of Oswego are organizing a Naval School in that city. The Ohio State Board of Agriculture will hold its annual session at Columbus on the 8th of January. The Sorghum State Convention will be held at Columbus the day previous. THE STATE BANK.-The State Journal says that at a meeting of the Board of Control of the State Bank of Ohio held on Friday, it was resolved not to suspend specie payment. The French transport ship, the Resource, bound to Callao, 40 miles south foundered of Valparaiso. She had over 600 souls on board 'only 5 or 6 of whom were saved. Mrs. L. Udell, of Freedom, Portage Co., was SO badly burned by her clothes accidentally taking fire on Friday, that her life is despaired of. A wedding occured at a church in Boston, at which the bride appeared in white, and the two bridesmaids respectively in red and blue. The Bank of Tennessee, at Nashville, is issuing notes from one dollar do wn to five cents! Themas Francis Meagher has been appointed a Brigadier General.


Article from Shreveport Semi-Weekly News, January 10, 1862

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England demand. Charleston, Jan. 3.-The Mercury of this morning says the enemy was repulsed in their advance from Port Royal ferry by the bayonet. The enemy run in Ball Run style, leaving 0 their guns and kuapsacks on the field, 0 with four dead Yankees and many wounded, and took off several more. The Courier says the Federals were advancing yesterday, and heavy skirmishing continued. Lieut. Beauregard, a son of Gen Beauregard, arrived yesterday. The Mercury announces the arrival of the steamer Ella Warley, late the Isabel, from Nassau. She was pursued by the blockaders, but escaped. She brings nine passengers, including Mr. Bisbie, the Confederate bearer of dispatches, also a valuable assorted cargo. Richmond, Jan. 3.-The London Post (Lord Pahnerston's organ) says: The harbor of Charleston belongs to the world, and cannot be given up to an ineffectual blockade. The Burnside expedition has not yet sailed. A large number of trigates, transports, and schooners, are conin Hampton gregating Roads. New Orleans, Jan. 4.-A special dispatch to the Picayune says the Asia has arrived bringing Liverpool dates to the 22d. War preparations in England still coutinued. Popular pressure is intense. The Gibralter fleet has been sent to America, and oretroops have been sent to Canada The Admirality have taken steps to protect the shipping in the Indian and China seas. Richmond, Jan. 4.-The Government has received official information confirming McIntosh's srecent battle. Judge Hemphill, member of Congress from Texas, died at the Exchange this morning. Nashville, Jan. 4.-It was reported at Bowling Green yesterday that 4000 Federals were at Brownsville, and that their cavalry scouts, numbering about 300, had driven in some thirty Confederate pickets. Capt. Eaton, a deserter from the Lincoln at reached on the Hopkinsville army Calhoun, night of the 31st. Four other deserters arrived on the 1st. They report the Federal as army being demoralized, daily. Threats and that desertions occur of mutiny are openly and defiantly made. They state that dissatisfaction pervades the army generally, and wheneveranopportanity presents itself the troops will desert by thousands. Richmend, Jan. 6.-The Washington correspondent of the New York Herald, of the 2d, says that McClellan is advancing in drilling and discipline, and receiving army supplies. He will soon advance his forces on the Potomac. The movement of the flect has th been retarded by the difficulties with England. Louisville, Dec. -TheNorthern Bank of Kentucky has suspended. The People's Bank at Bowling Green has been reorganized at Louisville. The rumor of an engagement in Southern Kentucky is unreliable. en Cincinnati, Dec. 31.-Buckner's avalry yesterday were near the Federal pickets. It is supposed he ntends attacking McCook in force Fe and destroying the Green river ridges. bu Washington Advices of the 31st era lay Federal reconnoissances show the to Confederates have a strong picket for ruard beyond Drainesville. They sto ay no troops are Drainesville. They ave also ascertained that the ConTh ederates have moved their outer lines it. ackward a few miles, indicating they going into winter quarters.