13935. First National Bank (New York, NY)

View Charter #29 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
29
Charter Number
29
Start Date
June 20, 1923
Location
New York, New York (40.714, -74.006)

Metadata

Model
gpt-5-mini
Short Digest
533f94e9efa9561b

Response Measures

Full suspension

Description

The two articles describe separate incidents involving the First National Bank in New York. Article 1 (1923-06-20) reports a (lighthearted) 'run' on the bank. Article 2 (1930-02-20) describes heavy withdrawals/crowding and that the bank was decided close the bank til Wednesday, implying a short suspension prompted by rumors and withdrawals; the text implies a temporary closure rather than permanent failure. Because the 1930 item ties withdrawals/rumor to a temporary closing, the best-fitting episode type for that incident is run → suspension → implied reopening. I therefore classify the overall episode as run_suspension_reopening, and list two separate events (1923 run; 1930 run/suspension). OCR errors in Article 2 made phrasing unclear; I corrected obvious fragmentary text (decided close the bank til Wednesday = bank closed until Wednesday).

Events (3)
1. July 21, 1863 Chartered
Source
historical_nic
2. June 20, 1923 Run
Cause Details
Article is a short anecdote/joke about a woman losing money during a run; no cause given.
Newspaper Excerpt
WOMAN LOSES $2,400 BY 'RUN' ON 'FIRST NATIONAL' NEW YORK, June 20.-A run on the First National Bank cost Mrs. Harry White $2,400.
Source
newspapers
3. February 20, 1930 Suspension
Cause
Rumor Or Misinformation
Cause Details
Text links a rumor (mention of 'responsibility for the rumor ... caused ... First National Bank') and describes heavy withdrawals/crowding leading to a decision to close the bank until Wednesday (temporary suspension).
Newspaper Excerpt
They ... resulted the lobby throng ... Withdrawals became ... and was decided close the bank til Wednesday
Source
newspapers

Newspaper Articles (2)
1. June 20, 1923 The Washington Times Washington, DC
Article from The Washington Times, June 20, 1923

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Article Text

WOMAN LOSES $2,400 BY 'RUN' ON 'FIRST NATIONAL' NEW YORK, June 20.-A run on the First National Bank cost Mrs. Harry White $2,400. Some silk threads in her stocking couldn't stand the responsibility and the roll of bills eased its way through a "run."

2. February 20, 1930 The Asheville Times Asheville, NC
Article from The Asheville Times, February 20, 1930

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Article Text

Cocke Takes Place In Firm Of Elihu Root SIMMONS PICKS HINES TO HEAD HIS CAMPAIGN Colonel John D. Langston, Of Goldsboro, Advisory Body Chief. Bureau Feb. manage M. campaign for the for the John Langston, will chairman the Simmons commit- This announcement from Senator Simmons' capitol days ago mentioned probable been His was taken mean after the field, Simmons found he was the best closely return his from probably been his health had will Senator Simmons' committee, which will composed district managers and other including men and Headquarters Senator Simmons said one State Chairman Hines most his will drop Raleigh for one or the Salmon, of will manager of will be assistant Raleigh Senator said two outstanding women will selected managers the said the office will directly charge of small selectfrom the state advisory commit- Hines Voted for Smith State Chairman Hines for has readers newspaper been that William be misled.) Cocke, Asheville, former on honor student the state university Rhodes has been Endeavor To Fix into the known law firm of Root. Clark Ballentine. Elihu Root member of For Responsibility the Mr. Cocke awarded his bachRun On k elor's degree by the university five years He returned to the United States FORT last fall following three years in the study of law Oxford unity grand jury prospect versity. Rhodes seeking responsibility for the rumor the English and Engcaused lish barrister and First National Bank which entione the oldes: tles him nancial privilege New Criminal York going through E. Hosey formality an would be The Root firm has offices New crowding York, and the bank Tuesday York Paris that ernoon. The remained Cocke met members the firm. They with open student and withdrawals and depositors record as ford that the to become and associated with them resulted the lobby throng Before going Oxford Cocke cers and spent univer- dogs He years academic Withdrawals became work and law finally undergraduate was president of an hour before the student body. and was decided close the bank Phi Beta Kappa the Golden til Wednesday Fleece. President