Lincoln National Bank - New York, NY

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 2608
Charter Number: 2608
Start Date: October 25, 1907
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 017ba3b0

Response Measures

Accommodated withdrawals

Description

Article (New-York Tribune 1907-10-25) reports a few withdrawals at Lincoln National Bank amid rumors and a run reported at Fifth Avenue Trust. No suspension or closure mentioned; bank officials say liquidity ample and new accounts opened.

Events (3)

1. January 4, 1882 Chartered

Source: historical_nic

2. October 25, 1907 Run

Cause: Local Banks
Cause Details: Withdrawals occurred amid a circulating rumor and a run on the Fifth Avenue Trust Company; contagion from local bank distress/rumor prompted a few depositors to withdraw.
Measures: Bank maintained that it had ample funds to satisfy depositors; noted opening of many new accounts; no special suspension measures mentioned.
Newspaper Excerpt: At the Lincoln National Bank, in East 42d street, there were a few withdrawals, but Charles Elliott Warren, the cashier, said the number of depositors who were asking for funds was so small as to signify nothing.
Source: newspapers

3. September 30, 1920 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. October 25, 1907 New-York Tribune New York, NY

Article from New-York Tribune, October 25, 1907

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Article Text

Sands, Isaac N. Seligman. Louts Stern. Samuel D. Styles, Frank Tilford, Archibald Turner and Henry R. Wilson. The officers are: Frank Tilford. prestdent: Owen Ward, second vice-president, William Darrow, jr., third vice-president; Irving €. Gaylord, fourth vice-president; Frederick Phillips. secretary: Robert C. Lewis, treasurer; Edward €. Wilson, assistant treasurer; Joseph Z. Bray, assistant secretary; Charles B. Collins, cashier: George James Bayles, trust officer. The company's capital is $1,000,000. its deposits $19,570,771, and its surplus $837,200. A rumor got into circulation that there was a run on the Fifth Avenue Trust Company. with offices at Fifth avenue and 43d street, but Cecil D. Landale, the second vice-president, denied the truth of the report. He said that at one time there were as many as forty persons in the bank withdrawing money, but scoffed at the idea of a run. He said the company was of great strength and had ample funds on hand to satisfy all depositors who wanted money, without even applying to outside institutions. At the Lincoln National Bank, in East 42d street, there were a few withdrawals, but Charles Elliott Warren, the cashier, said the number of depositors who were asking for funds was so small as to signify nothing. He added that the bank had opened seventy accounts in the last two days, which scarcely betokened a lack of confidence. At an early hour this morning sixteen men were in line in front of the building, stamping and chaffing each other to keep awake and warm until the beginning of business. There was no disorder and the line was attracting no outside attention.