Ocean County National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 1400
Charter Number: 1400
Start Date: January 26, 1881
Location: Toms River, New Jersey (39.954, -74.198)

Metadata

Model: gpt-5-mini
Short Digest: e30e6e05f4405b1b

Response Measures

None

Description

Article (Daily Republican, 1881-01-26) reports stockholders decided to wind up affairs with understanding it will be reorganized under state law; directors stated bank can meet obligations. No run is described; this is a voluntary winding up/reorganization (suspension with planned reopening).

Events (3)

1. July 7, 1865 Chartered

Source: historical_nic

2. January 11, 1881 Voluntary Liquidation

Source: historical_nic

3. January 26, 1881 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders voted to wind up the bank's affairs with the plan to reorganize under state law; directors asserted bank could meet obligations.
Newspaper Excerpt: The stockholders of the Ocean National Bank, of Tom's River, New Jersey, have decided to wind up its affairs, with the understanding that it shall be at once reorganized under the laws of the State. The Directors say the bank is in a position to meet all obligations.
Source: newspapers

Newspaper Articles (1)

1. January 26, 1881 Daily Republican Wilmington, DE

Article from Daily Republican, January 26, 1881

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Article Text

SECOND EDITION. Collision on the Sea- The Cattle Disease-Determined BuisideIncidents, Accidents, crimes and Casual ties. The steamer Widdington, from New Orleans for Hambarg, put in at Halltax on Sunday, and was going to sea on Monday morning, when she was run into by the steamer Canima just going in, and was driven into the gas whart and sunk. The Canima was not seriously damaged. The Widdington was loaded with corn and cotton, and the corn will be & total loss. Wesley C. Headley, aged 35 years, committed suicide at Earlyille, IlliDois, on Sunday night. He went to his barn, lay down in & haymow, covered himself with & lap-robe, and severed the arteries of the left arm, just above the elbow. He was in com fortable circumstances, and the only cause known for the dee1 is & "hereditary tendenev to suiside." A cold wave swept down the Valley of Hudson and the at Rondout, during yesterday Monday morning, night, the temperature was 12 degrees below zero. At other points it ranged from 12 to 19 degrees below. Through trains have not run on the Poughkeep sie, Hartford and Boston Railroad since Friday evening, owing to huge SNOW drifts. The man arrested in Boston OR the 15th inst., for am extensive scheme of swindling, and who gave the name of Alexander Redanow. turns out to be Dr. Edward Nathan Ganz, the socialist, and editor of the "Anarchist," a communistic publication recently started in Boston. The Perry Mill, in Newport, Rhode Island, was re-opened yesterday, the management expecting that the weavers would return to work. The expectation was disappointed, the weaters, by over a two-thirds vote, deciding not to ac cept the reduction of ten per cent. The stockholders of the Ocean Na tional Bank, of Tom's River, New Jersey, have decided to wind up its affairs, with the understanding that it shall be at once reorganized under the laws of the State. The Directors say the bank "is in & position to meet all ebligations." Another ineffectual ballot for United States Senator was taken in joint convention of the Pennsylvania Legis.ature yesterday, 13 follows: Wallace 82 Oliver, 80; Grow, 55; Hewitt, 4; Mac Veagh, 3; scattering, 5. Two Oliver men voted for Grow. The President yesterday nominate Charles F. Folsom, of Massachusetts, to be & member of the National Board of Health; Rev. Al red Lee Royce, of Missouri, & ehaplain in the navy, and George A. Mercer, postmaster a: West Chester, Pa. The twenty-eighth ineffectial ballot for U.S. Senator by the Tennessee Log islature resulted yesterday as follows. B having withdrawn Maynard, 43; Taylor, 38: James, 3: Carothers, 2: scattering, 4. Necessary to & choice, 46. A telegram from Petersburg, Va., reports that a very heavy SNOW storm prevailed yesterday along the Wil. mington and Weldon Railroad, and trains from the South were three hours late. The Secretary of the Woman Suffrage State Committee of New York, yearer day, notified the Mayor of Troy that the Woman Saffrage State Convention will be held in the Trojan City Hall on the 8th of February. W. L. Webb, convicted in the U. S Court at Charleston, South Carolina, for frandulent voting, Wa. sentenced yesterday to two months' imprisonment, $10 fine, an payment of costa amount. ing to $242. The death of Eleancr Williamson, al leged to be 104 years old was reported in New York yesterday She was a native of New Brunswick, and died in Chapin's Home. The ice companirs along the Hadson river have this season secured about 3,000.00 tone of ice. The Knicker bocker Company has gathered about 1,400,000 tons against 150,000 last year.