14189. National State Bank (Newark, NJ)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
1452
Charter Number
1452
Start Date
January 23, 1878
Location
Newark, New Jersey (40.736, -74.172)

Metadata

Model
gpt-5-mini
Short Digest
a6aa554a

Response Measures

None

Description

Multiple contemporaneous newspapers report the National State Bank (Newark, NJ) suspended on Jan. 23, 1878. Other items mention the cashier was suspended by the bank's president for irregularities, suggesting an internal, bank-specific problem triggered the suspension. No article reports a depositor run or a receivership/permanent closing or a later reopening; reopening is assumed possible but not confirmed — chosen 'suspension_reopening' because there is no evidence of permanent closure or receiver assignment. Key OCR corrections: 'suepended' -> 'suspended'; dates inferred from publication metadata.

Events (2)

1. July 17, 1865 Chartered
Source
historical_nic
2. January 23, 1878 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Cashier suspended by the president for irregularities; internal misconduct/irregularities appear to have precipitated suspension.
Newspaper Excerpt
NEWARK, January 23.-The National State Bank has suspended.
Source
newspapers

Newspaper Articles (4)

Article from The Daily Dispatch, January 24, 1878

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Article Text

New Jersey. LEGAL INTEREST-OPPOSITION TO THE BLAND BILL. TRENTON, January 23.-The State Senate to-day passed a bill making six per cent. the legal rate of interest. The House passed a resolution instructing senators and requesting representatives in Congress to vote against the Bland silver bill. NATIONAL-BANK SUSPENSION. NEWARK, January 23.-The National State Bank has suspended.


Article from The Donaldsonville Chief, February 2, 1878

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Domestic. Newark had a $50,000 fire. National State Bank, Newark, suepended. Senator Allison of Iowa has been re-elected. Outario flouring mills, Oswego, N. Y., burned; loss $50,000. A four-year old girl died from bydrophobia at Pottstown, Pa. Lord Dufferin, Governor-General of Canada, is at Washington. Bixby & Co., the well known New York blacking manufacturers, have failed. Geo. P. Gordon, inventor of the Gordon printing press, died at Norfolk, aged 68. Thos. Murtagh, a flag boy on the Jackson railroad, at New Orleans, was run over and killed. E.1 K. Collins, founder of one of the first lines of American steamships, is dead, aged 76 years. Miss Alice Hasevendoff was fatally burned by the explosion of a coal oil lamp, at New Orleans. Nearly $40,000 in State bonds were stolen by Joseph Mayo, Jr., former State Treasurer of Virginia. The tailors' strike in Chicago is a failure. The leading clothing houses are working with full forces. Hon. John B. Kerr, formerly member of Congress from Maryland, and also minister to Gautemala, is dead. Three vessels went ashore on the California coast last week. The captain of one was killed by a parting hawser. The U. S. Marshal at Brooklyn, N. Y., seized a cargo of sugar from Dem. erara, claiming that full duty had not been paid. The Buchanan Bank of St. Josepb, Mo., and the Brewers' & Malters' Inenrance Co. of New York are winding up business. Capt. A. K. Long, commissary of subsistence at Washington, committed snieide. He had been drinking freely for several days. The House bill to remove obstructions from the Mississippi, Missonri Arkansas and Red rivers passed the U.S. Senate. t Win. Miller was killed in Washington county, Ohio, by n young woman he had seduced and abandoned. She cut his head open with an axe. Two Pittsburg negroes were convicted of assaulting white women; one was sent to the penitentiary for fifteen years, the other for life. Amelia Therence was shot and killed by Esteven Fleury, who then mortally wounded himself. The par; ties were colored lovers, residents of New Orleans. f 0 A passenger train on the Nashville and Chattanooga railroad ran off the I track near Hunt's station, Tennessee, throwing one coach down an embankment twenty feet. Six wounded none killed. f Jacob and John Hantzinger, late president and cashier of the Miners' Trust Company of Pottsville, Pa., g have been sentenced each to two years e solitary confinement and a fine of $500, and also to refund $24,000.


Article from The Centre Reporter, February 7, 1878

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Co., of New York, failed for $260,000 and the firm of George L. Watrous & Co., hat jobbors, with liabilities amounting to nearly $100,000. A three-story wooden block in Lowell, Mass destroyed by fire and damage done to the extent of about $43,000, on which there is a insurance. partial A mill for the manufacture of trade dollars was found in full operation in Philadelphia by United States secret service officers. At Jamestown N. Y., L.M. Brown, aged sixty, & respected resident, hanged himself in barn. At Shenandoah, Pa., a Mr. Allen died from the effects of dog's bite several weeks after he had been bitten. Five prisoners escaped from the prison at Charlestown, Mass., by boring through the wall and climbing to the roof, whence they descended by a rope to an open field. Three houses engaged in the morocco and goatskin trade in Philadelphia have failed, with total liabilities estimated at over $300,000. The annual convention of the New Jersey editorial association was held in Trenton and officers were elected. According to the secre steport there are twenty one dailies and 144 weeklies in the State. The failure of two leather houses in Phila delphia was followed by that of eight others, with total liabilities amounting to nearly $1, 500,000, of which sum the firm of E. & Stokes, who carried paper for the other nine houses, owed $800,000 Fires The boot and shoe establishment of Reed & Son, at Westfield, Vt., was destroyed and loss incurred of 10,000 total 000, on which there is a partial insurance at Poultney, in the same State, J. K. Randall store and several buildings adjoining were burned, the total loss being estimated at $20, with partial insurance and a fire at Oswego N.Y. E destroyed the Ontario flouring will, doing damage to the extent of about 840, At Erie, Pa, Eddie Noalley, alboy of seventeem, was accidentally shot in the Head and like stantly killed by playmate Jacob and J. Albert Huntzinger, father and president and cashier of the late Miners Trust Conipany of Pottsville, Pa., who were found guilty of defrauding & depositor out of $28,000, were sentenced to two years imprison ment, a fine of $500, and to make full restitn tion to the prosecutor, with costs. At the Church of the Unity, Springfield, Mass., memorial services to the memory of the late Samuel Bowles were held and were atte ded by the governor of the State and other gentlemen prominent in politics and journalism. Addresses were delivered by Dr. J.G. Holland. Charles Francis Adams, Jr., and others, and letters from Secretary Schurz, Senator Dawes, and Charles Francis Adams, etc., were read. A severe storm of wind, accompanied by the coldest weather of the winter, prevailed along the Atlantic coast and did considerable damage to shipping. The cashier of the National State Bank, New ark, N. J., has been suspended by the president the institution for irregularities connected with his position. The Connecticut assembly has passed resolutions opposing the Bland silver bill and favor specie resumption A runaway team in Central Park, New York, dashed into two carriages, demolishing them and severely injuring seven persons A commission to investigate the affairs of the Providence County Savings Bank of Paw. tucket, R. I., has been appointed by Governor Van Zandt. Western and Southern States. James B. Grooms was elected to the United States Senate from Maryland to succeed George R. Dennis, whose term expires March 1879. The four members of the Louisiana return mg board have been arraigned in the superior court: New Orleans on the charge of forging the returns from Vernon parish. At a large meeting in the capitol at Atlanta. Ga., presided over by Mayor Augler, the repeal the resumption act and the remonetization of silver was demanded. Resolutions have been passed by the chamber of commerce Charleston, S C., Tavoring the resumption of specie payments and opposed to the remonetization of silver. The Ohio Senate has adopted A resolution favoring the Bland silver bill. At Plymouth, N.C., Arden A Nelson (colored) was hanged for the murder of John N. Webb. A body of Indians made & raid into Mason county, Texas, killed several persons and car ried off a large quantity of live stock. United States troops and Texan rangers were sent in pursuit. Among recent assignments and suspensions are named the Buchsusn Bank, St. Joseph, Mo., and the wholesale paint, glass and oil firm of Page & Sprague, Chicago, whose liabilities amount to $195,000. During a. fire at Carrollton, III., which destroyed five business houses, a wall fell in, more or less severely injuring eleven firemen. The State supreme court of South Carolina has decided that circuit judges must be elected by billot instead of vioa DOCE. This decision unsests every circuit judge in the State except two. J.Jones, & wealthy farmer and stock raiset of western Missouri, has made an assignment his liabilities being $50,000,and his assets less than one third of that sum and Platt. Hub bell & Co., the largest ruereantile firm of Mon ticello, ILL, have failed for 886, 000. As a four persons was about to cross & ratiroad track in Milwaukee Wis. it was struck by & freight train, and Miss Helen Jacobe and Franz Falk Jr. were instantly killed, while & HISTON of the lady was severely injured. The two killed were engaged to be married to each other Just before the opening of & matiries per formance at the Holliday street theater Balti more & temporariry panic was created by the ex lowon of gsas receiver for & calcium light. Several employe the theater were injured, but fortunately the excitement smong the audience was allayed before any harm had been done. A recent dispatch from General Miles, dated Fort Keogh, Dakota. says that Sitting Bull now camped on Frenchman's creck with thousand lodges, including the escaped New Perces and deserters from the agencies, numbering 280 lodges, with 800 warriors. Sitting |Bull's own camp numbers 2. 300 warriors and 5,000 women and children. They are splendidly mounted and armed. Sitting Ball immediate command is equally well armed and equipped All the principal hostile chiefs are with them. The chief Red Bear deserted his agency with 200 lodges shortly after his visit to Washington. General Miles states that his available force is only 500 men. From Washington. The House committee on appropriationshav fixed the pay of letter carriers at $800 and $1,000 per annum for first and second class salaries, the latter to apply to cities containing over 75,000. At & cabinet meeting the President an nounced his intention to send to Congress I message on the subject of Chinese immigra gration. During a discussion in the House regarding a bill for the relief of W. H. Newman for property destroyed at Alexandria, Va., in the war, Mr. Jones, of Ohio. sent up to the clerk Hesk and had Samuel J. Tilden's letter of accept ance of the presidential nomination read. The discussion that followed was wound up by Representative Mills, of Texas, who said that Mr. Tilden would never again be the Domocratic candidate for President. A meeting of prominent business men from the United States will held in


Article from The Abbeville Press and Banner, February 13, 1878

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000, with partial insurance, and a fire at Oswego, N. Y., destroyed the Ontario flouring mill, doing damage to the extent of about $40,000. At Erie, Pa., Eddie Noalley, a boy of seventeen, was accidentally shot in the head and inkilled by a playmate. J. Albert Huntzinger, father and and cashier of the late Miners' of Pottsville, Pa., who were for defrauding depositor out of $28, itenced to two years' imprison$500, and to make full restitument, a tion to the cutor, with costs. At the Church of the Unity, Springfield, Mass., memorial services to the memory of the late Samuel Bowles were held and were attended by the governor of the State and other gentlemen prominent in politics and journalism. Addresses were delivered by Dr. J. G. Holland. Charles Francis Adams, Jr., and others, and letters from Secretary Schurz, Senator Dawes, and Charles Francis Adams, etc., were read. A severe storm of wind, accompanied by the coldest weather of the winter, prevailed along the Atlantic coast and did considerable damage to shipping. The cashier of the National State Bank, Newark, N. J., has been suspended by the president of the institution for irregularities connected with his position. The Connecticut assembly has passed resolutions opposing the Bland silver bill and favoring specie resumption. A runaway team in Central Park, New York, dashed into two carriages, demolishing them and severely injuring seven persons. A commission to investigate the affairs of the Providence County Savings Bank of Pawtucket, R. I., has been appointed by Governor Van Zandt. The Pennsylvania House of Representatives has passed a resolution for the appointment of a joint committee to investigate the cause and consequence of the railroad riots last summer. Henry Ward Beecher has been appointed chaplain of a Brooklyn regiment of militia and has accepted the position. At a meeting of the principal coal companies of the country, held in Philadelphia, a board of control signed an agreement forming a combination for the year. According to the terms of agreement the production of coal for the year is limited to a certain per centage of sales by each company. The sexton of a church in Greenpoint, N. Y., threw muriatic acid over a number of boys who were annoying him, and severely burned five of them. He was arrested. James M. Brann, county clerk of Hudson county, N. J., disappeared, leaving a deficit of about $18,000. Nine convicted at Reading, Pa., of taking part in the labor riots in that city last July, received the following sentences Hezekiah Wooten and John Squint each to two years' imprisonment; Thomas Francisand John Null, one year; Aaron Dease, three months: and Robert Reber, who pleaded guilty, ninemonths; and each to pay & fine of $1 and costs. A large fire in Worth street, New York, destroyed property valued at about $75,000. George B. Bigelow, of Boston. charged with embezzling $40,000 belonging to an estate of which he was trustee, has been held for trial. Alfred Hill, a laborer, was instantly killed and Ferris Woodruff, engineer, was fatally scalded by the bursting of boiler belonging to the Standard oil refinery at Constable's Point, N.J. Western and Southern States. The State supreme court of South Carolina has decided that circuit judges must be elected by ballot instead of viva voce. This decision unseats every circuit judge in the State except two. J. J. Jones, a wealthy farmer and stock raiser of western Missouri, has made an assignment, his liabilities being $50,000 and his asset- less than one-third of that sum and Platt, Hubbell & Co., the largest mercantile firm of Monticello, Ill., have failed for $86,000. As a carriage containing four persons was about to cross a railroad track in Milwaukee, Wis., it was struck by freight train, and Miss Helen Jacobs and Franz Falk, Jr., were instantly killed, whi'e a sister of the lady was severely injured. The two killed were engaged to be married to each other. Just before the opening of a matinee performance at the Holliday street theater, Baltimore, a temporary panic was created by the explosion of a gas receiver for a calcium light. Several employes of the theater were injured, but fortunately the excitement among the audience was allayed before any harm had been done. A recent dispatch from General Miles, dated Fort Keogh, Dakota, says that Sitting Bull is HOW camped on Frenchman's creek with over a thousand lodges, including the escaped Nez Perces and the deserters from the agencies, numbering 280 lodges, with 800 warriors. bitting Bull's own camp numbers 2,300 warriors and 5.000 women and children. They are splendidly mounted and armed. Sitting Bull's immediate command is equally well armed and equipped. All the principal hostile chiefs are with them. The chief Red Bear deserted his agency with 200 lodges shortly after his visit to Washington. General Miles states that his available force is only 500 men. The application of the members of the Louisiana returning board to have their case removed to the federal court has been denied by Judge Whitaker. of New Orleans. Wicker's flouring mills at Shields, Ind, and the cotting batting mills of Wilson & Co., at Carrollton, Ky were destroyed by fire. Total loss, $35,000. A number of buildings were destroyed by a fire in Towsontown, Md., causing a loss of about $45,000 partially insured. Messrs. Anderson, Kenner and Casanave, members of the Louisiana returning board, were arrested in New Orleans on a writ issued by a State court. Ex-Gov. Wells could not be found. Eight men imprisoned in the county jail at Columbus, Ohio, succeeded in making their escape by cutting & piece out of the iron floor of a cell and tunneling under the wall of the building. From Washington. A grand requiem mass in memory of the late king of Italy was celebrated at the leading Catholic church in Washington. It was attended by the President, cabinet, members of both Houses and the diplomatic corps. The sub-committee of elections in the House has agreed to report in favor of Mr. Walbridge A. Field (Republican) sitting member from the third Boston district, against Mr. Dean, contestant. Colonel R. S. Ingersoll, of Illinois, appeared before the sub-committee on ways and means, and argued in faver of abolishing the tax on savings banks. In response to a resolution of the Senate the President has transmitted a statement showing that the total cost of the Nez Perces war was $931,329. A meeting of Congressmen from New York, irrespective of party, was held for the purpose of considering bill recommended by the The chamber of commerce of New York city. bill provides for an annual appropriation by the national government to relieve the wants and provide for the comfort of poor immigrants arriving at United States ports. The House committee on public buildings and grounds have agreed to report a bill for the construction of a fire-proof building on the