12733. First National Bank (Plainfield, NJ)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
447
Charter Number
447
Start Date
April 24, 1895
Location
Plainfield, New Jersey (40.634, -74.407)

Metadata

Model
gpt-5-mini
Short Digest
4960c39080b8cd60

Response Measures

Public signal of financial health

Description

April 24โ€“25, 1895 robbery of the vault ($22,000โ€“$23,000) at First National Bank prompted a small run/withdrawal panic that subsided after officials publicly assured the bank's solvency. No suspension or closure is mentioned.

Events (2)

1. May 31, 1864 Chartered
Source
historical_nic
2. April 24, 1895 Run
Cause
Bank Specific Adverse Info
Cause Details
A daylight robbery/theft from the bank vault of approximately $22,000โ€“$23,000 (two clerks distracted; money taken during noon hour).
Measures
Officials publicly assured depositors of the bank's solvency, which calmed the rush.
Newspaper Excerpt
There was a small rush on the bank today which subsided by an assurance of its solvency by the officials.
Source
newspapers

Newspaper Articles (2)

Article from Rock Island Argus, April 25, 1895

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Article Text

ABBREVIATED TELEGRAMS. Fred Milheiser, formerly a merchant in New York, was arrested at Galveston, Tex., charged with embezzling 150 barrels of sugar from the sugar trust. The Dime Savings bank at Willimantic, Conn., has suspended. The last bank commissioner's report shows that the savings bank had Oct. 1 2,877 depositors, $626,591 on deposit, and a surplus of about $23,000. James R. Holland, cashier of the Merchants' and Farmers' National bank, of Charlotte,S. C., has been discovered short in his accounts to the amount of $75,000. Obituary: At Assumption, Ills., W.I Schoemaker, 60; at Carson, Itls., Samuel Carson; at Le Roy, Ills., W. E. Spearman, 34; at Hebron, Ind., Mrs. Susan Marshall, 82; at Virgina, Ills., Mrs. Anna B. Mann, 74. Lanpher, Finch & Skinner, of St. Paul, lost $125,000 by fire. Bishop Ruley, of the Delaware Methodist conference, has decided that smoking is a sin, rendering a minister amenable to discipline. In an interview at Louisville the Hon. James B. McCreary, of Kentucky, declares himself unalterably opposed to the free coinage of silver. This utterance was brought out by Senator Blackburn's stand in favor of free silver. Fivetons of nitro-giycerine exploded near Lima, O., the shock being felt for twenty miles. Much glass broken, but nolives were lost. The female stamp-counterfeiter, Mrs. Tinsey McMillan, alias Mrs. Mack, will undoubtedly be extradited from Canada, but she will not be taken to Chicago at once. The woman will first be taken to Buffalo on the charge of having counterfeit stamps in her possession. Counterfeit silver dollars are numerous at Milwaukee and have not yet been traced to their makers and circulators. The coins bear the date 1891, have a good ring, but are brittle and considerably below weight. Chauncey M. Depew has accepted the invitation of the oratorical association to address the students in University hall, Ann Arbor, Mich., on the afternoon of May & Republicnns of the Illinois legislature talk of the possibility of adjournment on May 24. The longest game of chess on record required between five and six years to play it. One player was in England and one in Australia, and the game was played by post. Two sneak thieves entered the First National bank at Plainfield, N. J., and while one engaged the twoclerks present in conversation the other stole $22,000 from the vault and both got away.


Article from The Western Sentinel, May 2, 1895

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Article Text

NATIONAL BANK ROBBED. Believed to Have Been the Work of Two Professionals. PLAINFIELD, N. J., April 24. - The directors of the First National Bank today made known that $23,000 was stolen from the vault on Monday. Cashier Runyon missed the money when he went to close the bank on Monday. An investigation showed that during the noon hour that day only two clerks were on duty A stranger came in with a bag and a sheet of paper on which was a list of notes. He engaged the attention of the clerks. It is believed the robbery was committed by professionals at this time. There is no clue to the bank robbers. There was a small rush on the bank today which subsided by an assurance of its solvency by the officials.