Navesink National Bank - Red Bank, NJ

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4535
Charter Number: 4535
Start Date: January 7, 1907
Location: Red Bank, New Jersey (40.349, -74.066)

Metadata

Model: gpt-5-mini
Short Digest: bdf662d0

Response Measures

None

Description

Article (Jan 7, 1907) reports embezzlement from the Navesink National Bank and that a receiver is winding up the bank's affairs. No run is mentioned; the bank is in receivership/being wound up, consistent with a suspension followed by closure/receivership.

Events (1)

1. January 7, 1907 Receivership

Newspaper Excerpt: Representative Howell has received petitions and letters asking for the pardon of Enoch L. Cowart, who is serving a seven year sentence for embezzling a large sum of money from the Navesink National Bank at Red Bank... Cowart was of great assistance to the receiver in winding up the affairs of the bank.
Source: newspapers

Newspaper Articles (1)

1. January 7, 1907 Perth Amboy Evening News Perth Amboy, NJ

Article from Perth Amboy Evening News, January 7, 1907

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Article Text

# RAILROADS # U. S. SENATE. # Senator Kean Takes Active Part Regarding Investigation of Wrecks. (From the NEWS Correspondent.) WASHINGTON, Jan. 7: The in- vestigation into the terrible railroad wrecks which has been begun under the auspices of the Interstate Com- merce Commission is under the au- thority of a point resolution which United States Senator John Kean had passed in the senate on June 29 last. Senator Kean made a favorable re- port on the resolution, brought it be- fore the senate and had it passed without there being any objection offered. The resolution empowers the Interstate Commerce Commission to investigate the use of block signals and appliances on the various rail- roads. The investigation of the wrecks on the Southern and Balti- more and Ohio railroads are being conducted under the authority of this resolution, and the inquiry will be exhaustive. Representative Howell has re- ceived petitions and letters asking for the pardon of Enoch L. Cowart, who is serving a seven year sentence for embezzling a large sum of money from the Navesink National Bank at Red Bank. Mr. Howell will present the petitions to President Roosevelt, and ask that Cowart be pardoned. Cowart has served about five years of his sentence. It is claimed that Cowart was of great assistance to the receiver in winding up the affairs of the bank, and it is understood that had he not confessed innocent per- sons would have suffered. Men of influence in Monmouth county and other parts of the state have signed the petitions asking for his pardon. Mr. Howell will present them to the president late next week. Cranbury Postmaster Renamed. Representative Howell has recom- mended the reappointment of Frank A. Brown as postmaster of Cranbury. Mr. Howell has been advised that pensions have been granted to John G. Sawyer, of New Brunswick, at $12 a month from October 3, 1906; to J. H. Boyer, Toms River, at $10 a month, from November 21, 1906; to Mrs. Joanna Mundy, the restored pen- sion of Phineas Mundy from June 28, 1893, to August 25, 1893; to Fred- erick Hartley, of Long Branch, $8 a month from November 21, 1906; and Charles W. Fleming, of Point Pleas- ant, at $10 a month from November 1, 1906. Representative Allen has filed a petition from the State Council of Pennsylvania, Patriotic Order Sons of America, in favor of the senate bill to restrict immigration and the use of the educational test. C. S. A.