13982. First National Bank (Englishtown, NJ)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
7223
Charter Number
7223
Start Date
November 1, 1922*
Location
Englishtown, New Jersey (40.297, -74.358)

Metadata

Model
gpt-5-mini
Short Digest
fb0a903e

Response Measures

None

Description

Bank suspended because of defalcations by former officers and reopened by permission of the Comptroller of the Currency after about three and one-half months. No run is mentioned in the articles.

Events (3)

1. April 21, 1904 Chartered
Source
historical_nic
2. November 1, 1922* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspended after discovery of defalcations (embezzlement/misconduct) by former officers of the bank.
Newspaper Excerpt
which suspended business because of defalcations of former officers
Source
newspapers
3. March 14, 1923 Reopening
Newspaper Excerpt
The First National Bank ... will reopen about March 14 ... restoring the bank to its original financial condition, and the depositors will lose nothing.
Source
newspapers

Newspaper Articles (4)

Article from Perth Amboy Evening News, March 5, 1923

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Article Text

REOPEN BANK AT ENGL ISHTOWN ENGLISHTOWN. N. J., March 5. The First National Bank, which suspended business because of defalcations of former officers, will reopen about March 14, it was announced today by President William II. Reid. The sum of $108,629.19 would be raised, he said, restoring the bank to its original financial condition, and the depositors will lose nothing.


Article from New Britain Herald, March 5, 1923

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Article Text

New Jersey Bank Closed By Losses, Will Reopen Englishtown, N. J., March 5.--The First National bank, which suspended business. because of defalcations of former officers, will reopen about March 14, it was announced today by President William H. Reid. The sum of $108,629 would be raised, he said, restoring the bank to its original financial condition and the depositors will lose nothing.


Article from The Monmouth Inquirer, March 22, 1923

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Article Text

Day, the second Sunday in June. The Hamilton farmhouse at Far Hills of James Cox Brady, New York financier and son of the late Anthony N. Brady of Albany, was destroyed by fire, with a loss of about $100,000. The cause of the fire has not been determined. Bootleggers and rum peddlers in general, numbering close to a hundred, were warned at Atlantic City by County Judge Smathers that jail awaited their reappearance before him for violation of the state enforcement act. Although one patron testified he waited 15 months for a phone, another was unable to raise "central" 35 days out of 76, wires were fastened into a receiver with threads and other trying experiences were suffered, the subscribers opposed before the Public Utilities Commission an application by the Glen Garden-Wood Glen line to abandon the "service." Rev. E. Sherman vas the subscriber who waited 15 months. Decision was reserved by Commissioner Autenrieth. For a stretch of nearly 600 feet along the Mount Ephraim pike between Mount Ephraim and Nicholson road thieves removed about 17,000 feet of copper wire from the poles of the Delaware and Atlantic Telephone Company. The Public Service Electric Company notified the householders of Verga that it will run electric wires to that place. It asks them to file contracts at once for service. For two years efforts have been made to get electric service there. Rev. C. I. Fitzgeorge, pastor of the First Methodist church, Collingswood, was presented with a purse of $250 by his congregation in recognition of his twenty-fifth anniversary as a member of the New Jersey Methodist conference. There will be no probe of the AntiSaloon League by the assembly of New Jersey, notwithstanding the introduction of a resolution to that effect in the house. This decision was reached during a caucus of Republican members of the house. John C. Thompson, formerly a wholesale carpet merchant in New York city and the oldest survivor of the New York volunteer fire department of 1850, died at the home of a daughter in Plainfield in his one hundredth year. Both of his grandfathers fought in the battle of Lexington. Pastors of the Methodist and Presbyterian churches in Gloucester City and most of the Protestant churches in Camden county sent resolutions of protest to Senator Joseph Wallworth and Assemblymen Coles, Rowland and Gibbs against the bill which will allow 3 per cent beer and light wines. The Board of Education of Gloucester City has appointed a committee, consisting of Solicitor Henry M. Evans, Mrs. Emily Deck and Secretary Charles Maier, to consult with the State Board of Education and the attorney general in relation to the money to be raised for a new school building. The First National Bank of Eng lishtown reopened and resumed business by the permission of the comptroller of the currency of Washing ton after having been closed about three and one-half months. When the doors were thrown open there were a large number of customers waiting to make deposits, and business was active. Withdrawals were light and mostly made for the purpose of providing change and paying current bills. Women had charge of the services Sunday in the Ewan M. E. church. Rev. Walter Pine, pastor of the Quinton M. E. church, announced to his congregation that he anticipated making a change. A boom in building and construetion in Haddonfield is forecast in the number of permits taken out since the first of the year. Several Methodist pastors preached their farewell rermons in south Jersey preparatory to the conference at Asbury Park. Some of the auto buses running 1 tween Camden, Fairview and Brooklawn are using their own tickets, while others collect cash fares and causing some confusion among the riders. John Tommoney, thirty-nine years old, a blacksmith. who resided at 233 Mercer street, Gloucester City, died from pneumonia in Cooper Hospital, Camden, after being taken ill on the street. The annual meeting and dinner of the Gloucester County Association of School Boards will be held at the Hotel Pitman, Pitman, on March 28. Lieutenant Colonel William A. Carlton of Camden, regimental commander of the Three Hundred and Ninth Infantry, U. S. A., addressed the Long


Article from The Pleasantville Press, March 28, 1923

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Article Text

teacher will also be appointed. Newark.-Bayonne and other communities will share with this city in the heavy burden of expense in completion of the Wanaque water project under the terms of a resolution introduced and passed by the house at Trenton. Phillipsburg.-There is a possibility and. in the opinion of many Democratic members of the "inner circle," that Warren county may have the first woman common pleas judge in the state. She is Mrs. Edith Rosecrans, wife of Egbert Rosecrans, county counsel of Blairstown. Mrs. Rosecrans is a member of the State Democratic Committee and a practicing attorney, working with her husband, one of the best known members of the county bar. Trenton.-Two hundred indictments were returned in Mercer court by the January grand jury, and, with the 15 indictments returned a few weeks ago, the total number for the session is 215. Millville.-The large dairy barn of Joseph Abatte, three miles north of here. was destroyed by fire. Two reg. istered heifers were burned, but several horses and 20 cows were saved by neighbors. The loss is more than $5,000. Gloucester City.-Morris Barack of Vineland was discharged by Mayor McNally when arraigned for violating the traffic law. The chief of police of Vineland testified that Barack is a careful driver. Barack apologized to Policeman McMaster for the violation. Trenton. The house passed the Hoffman bill permitting banks to refuse to cash checks that are a year 'PIO Lawnside.-This town has a new fire engine, which was installed with special ceremonies. The town now has excellent fire protection. Trenton.-The house concurred in a senate resolution providing for the display of the American flag on Mothers' Day, the second Sunday in May. Trenton.-General Hugh L. Scott of Princeton was chosen chairman of the State Highway Commission at its organization meeting. The commissioners were sworn into office in the presence of Governor Silzer and many state officials at the state house. County Judge John P. Kirkpatrick of Middlesex county read the oath to the commissioners. Secretary of State Martin assisted Judge Kirkpatrick. Englishtown. The First National Bank of this place reopened and resumed business by the permission of the comptroller of the currency of Washington after having been closed about three *and one-half months. When the doors were thrown open there were a large number of customers waiting to make deposits, and business was active. Withdrawals were light and mostly made for the purpose of providing change and pay ing current bills. Trenton.-The George bill reviving one of the famous Wilson "seven sisters" laws defining trusts and imposing penalties for trade restraint was passed by the house by a vote of 39 '8 07 Plainfield. - The First Baptist church, at Front and Grove streets, was destroyed by fire. The church was the oldest established church in the city, and its congregation was a wealthy one, including many business men who commute to New York. Asbury Park. - Several Methodist pastors preached their farewell sermons in south Jersey preparatory to the conference here. Camden. - Miss Mildred Brown, county librarian, is receiving requests for many additional books from districts where they were placed in school buildings. Blackwood. - A banquet is being planned to open spring activities by the chamber of commerce the last of March. Ewan.-Women had charge of the services Sunday in the M. E. church. Quinton.-Rev. Walter Pine, pastor of the M. E. church, announced to his congregation that he anticipated making a change. Clayton.-Council has accepted the house numbering plan as prepared V the borough engineer. Gloucester City. The fire department, instead of holding a ball this year, has sent out letters to business men asking for donations. Woodstown. Circuit Judge Ralph W. E. Donges of Camden will be the speaker at a celebration by the Moose of this town in the Opera House on "12 March Camden.-Fred Metzger has passed the state.cxamination for legal health inspector of Pensauken township, this county. Vineland.-A Kiwanis club 's being formed here with prospects of a large membership. E. C. Reber is at the head of the movement. National Park.-Rev. B. W. Luck enbill, pastor of the M. E. church, was tendered a banquet by members the Masonic fraternity. Pitman.-The annual meeting and dinner of the Gloucester County Association of School Boards will De held at the Hotel Pitman on March 28. Brooklawn. The Brooklawn Community Association revised its constitution and bylaws and elected F. W.