The panics of 1854 and 1857: A view from the emigrant industrial savings bank

Journal of Economic History

Volumn 63, Issue 1, 2003, Pages 213-240

  Gráda, Cormac Ó ^a   White, Eugene N ^b  

^a UNIVERSITY COLLEGE DUBLIN   (Ireland)

^b RUTGERS UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

BANKING; EMIGRATION; HISTORICAL GEOGRAPHY; NINETEENTH CENTURY; SAVINGS;

UNITED STATES;

EID: 0038621590     PISSN: 00220507     EISSN: None     Source Type: Journal    
DOI: 10.1017/S0022050703001785     Document Type: Article

References (39)

1. Alter, George, Claudia Goldin, and Elyce Rotella. "The Savings of Ordinary Americans: the Philadelphia Saving Fund Society in the Mid-Nineteenth Century." This JOURNAL 54, no. 4 (1994): 735-67.
2. Anbinder, Tyler. '"Famine to Five Points: Lord Lansdowne's Irish Tenants Encounter North America's Most Notorious Slum." American Historical Review 107, no. 2 (April 2002): 351-87.
3. Calomiris, Charles W., and Charles M. Kahn. "The Role of Demandable Debt in Structuring Optimal Banking Arrangements." American Economic Review 81, no. 3 (June 1991): 497-513.
4. Calomiris, Charles W., and Gary Gorton. "The Origins of Banking Panics: Models, Facts, and Bank Regulation." In Financial Markets and Financial Crises, edited by R. Glenn Hubbard, 109-74. Chicago: Chicago University Press, 1991.
5. Calomiris, Charles W., and Larry Schweikart. "The Panic of 1857: Origins, Transmission, and Containment." This JOURNAL 51, no. 4 (December 1991): 807-34.
6. Cannon, Joseph, The Clearing Houses. Washington, DC: National Monetary Commission, 1910.
7. Chari, Vanadajaran V., and Ravi Jagannathan. "Banking Panics, Information, and Rational Expectations Equilibrium." Journal of Finance 43, no. 3 (1988): 749-60.
8. Diamond, Douglas W., and Philip H. Dybvig. "Bank Runs Deposit Insurance and Liquidity." Journal of Political Economy 91, no. 3 (June 1983): 410-19.
9. Donaldson, R. Glen, "Sources of Panics: Evidence from the Weekly Data." Journal of Monetary Economics 30 (November 1992): 277-305.
10. Emigrant Industrial Savings Bank. Deposit Account Ledgers and Test Books (New York Public Library).
11. Emigrant Industrial Savings Bank. Finance Committee Minutes, 1850-1863 (Emigrant Savings Bank, 5 East 42nd St., New York).
12. Ernst, Robert. Immigrant Life in New York City. New York: Columbia University Press, 1949.
13. Ferrie, Joseph. "The Wealth Accumulation of Antebellum European Immigrants to the United States, 1840-1860." This JOURNAL 54, no. 1 (1994): 1-33.
14. Frankel, Jeffrey A., and Sergio L. Schmukler. "Country Fund Discounts, Asymmetric Information and the Mexican Crisis of 1994: Did Local Residents Turn Pessimistic Before International Investors?" NBER working paper No. 5714, August 1996.
15. Friedman, Milton, and Anna J. Schwartz. A Monetary History of the United States, 1867-1960. Princeton, NJ: Princeton University Press, 1963.
16. Gibbons, J. S. The Banks of New York, Their Dealers, The Clearing House, and the Panic of 1857. New York: D. Appleton and Co., 1859.
17. Gorton, Gary. "Bank Suspension of Convertibility." Journal of Monetary Economics 15 (1985): 177-93.
18. Gorton, Gary. "Banking Panics and the Business Cycle." Oxford Economic Papers 40 (1988): 751-81.
19. Gorton, Gary, and Andrew Winton. "Financial Intermediation." In Handbook of the Economics of Finance, edited by George Constantinides, Milton Harris, and Rene Stulz. Amsterdam: North Holland, forthcoming.
20. Hammond, Bray, Banks and Politics in America From the Revolution to the Civil War. Princeton, NJ: Princeton University Press, 1957.
21. Hunt's Merchants' Magazine. "The Knickerbocker Bank and the Knickerbocker Savings Institution" 32, no. 3 (March 1855): 332-34.
22. Jacklin, Charles J., and Sudipto Battacharya. "Distinguishing Panics and Information-Based Bank Runs: Welfare and Policy Implications." Journal of Political Economy 96, no. 3 (1988): 568-92.
23. Kaufman, George G. "Bank Contagion: A Review of the Theory and Evidence." Journal of Financial Services Research 8 (April 1994 : 123-50.
24. Kelly, Morgan, and Cormac Ó Gráda. "Market Contagion: Evidence from the Panics of 1854 and 1857." American Economic Review 90, no. 5 (December 2000): 1110-24.
25. Kemmerer, Edwin. Seasonal Variations in the Relative Demand for Money and Capital in the United States. Washington, DC: GPO, 1910.
26. Kiefer, Nicholas M. "Economic Duration Data and Hazard Functions." Journal of Economic Literature 26 (June 1988): 646-79.
27. Margo, Robert A. Wages and Labor in the United States, 1820-1860. Chicago: University of Chicago Press, 2000.
28. Miron, Jeffrey. "Financial Panics, the Seasonality of the Nominal Interest Rate, and the Founding of the Fed." American Economic Review 76, no. 1 (March 1986): 125-40.
29. New York State, Assembly Document No. 5, 1858.
30. Ó Gráda, Cormac. Ireland: A New Economic History. Oxford: Oxford University Press, 1994.
31. Olmstead, Alan L. New York City Mutual Savings Banks, 1819-1861. Chapel Hill: University of North Carolina Press, 1976.
32. Payne, Peter L., and Lance E. Davis. The Savings Bank of Baltimore, 1818-1866: A Historical and Analytical Study. Baltimore: Johns Hopkins Press, 1956.
33. Phelps, Henry. Strangers and Citizens Guide to New York City. New York: Gaylord Watson, 1857.
34. Postlewaite, Andrew, and Xavier Vives. "Bank Runs as an Equilibrium Phenomenon." Journal of Political Economy 95 (1987): 485-91.
35. Rich, Kevin J. Irish Immigrants of the Emigrant Industrial Savings Bank 1850-1853 Vol. 1. New York: Broadway-Manhattan Company, 2000.
36. Sprague, O. M. W. History of Crises Under the National Banking System. National Monetary Commission. Washington, DC: GPO, 1910.
37. Temin, Peter. "The Panic of 1857." Intermountain Economic Review (Spring 1975): 1-12.
38. Tuckerman, Bayard, ed. The Diary of Phillip Hone, 1828-1851 Vol. 1. New York: Dodd, Mead, 1889.
39. Van Vleck, George W. The Panic of 1857: An Analytical Study. New York: Columbia University Press, 1943.