Southern National Bank - New York, NY

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3359
Charter Number: 3359
Start Date: May 2, 1896
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini
Short Digest: 189dbc83

Response Measures

None

Description

Article (New-York Tribune, 1896-05-02) states Southern National Bank was decided to be put into liquidation and its accounts turned over to the Market and Fulton National Bank. No run is described; this is a voluntary liquidation/suspension leading to closure.

Events (3)

1. June 26, 1885 Chartered

Source: historical_nic

2. May 2, 1896 Suspension

Cause: Voluntary Liquidation
Cause Details: Decision to put the Southern National Bank into liquidation and transfer its accounts to the Market and Fulton National Bank; follows decline of Alexander Gilbert to become president.
Newspaper Excerpt: it was decided to put the Southern into liquidation and turn over its accounts to the Market and Fulton.
Source: newspapers

3. June 10, 1896 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. May 2, 1896 New-York Tribune New York, NY

Article from New-York Tribune, May 2, 1896

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Article Text

NEW-YORK CITY. The Junior Christian Endeavor rally of the Fourth District will be held this afternoon at 3 o'clock in the Church of the Disciples, Forty-sixthst., west of Eighth-ave. A change was made at the Windsor Hotel yesterday, Warren F. Leland becoming the proprietor. A sale of articles pledged with the Provident Loan Society will be held Tuesday and Wednesday at 11 a. m. at the Fifth Avenue Auction Rooms, No. 238 Fifth-ave. They will be on view Monday. The Rev. John R. Davies will preach to-morrow morning in the Fourth Avenue Presbyterian Church on "Paul's Last Word about the Bible." The Young Men's Hebrew Association will have its annual strawberry festival and concert at the Lenox Lyceum, Fifty-ninth-st. and Madison-ave., on May 9 at 8 p. m. In compliance with the. order of the Governing Committee of the New-York Stock Exchange, the firm of Kennett, Hopkins & Co., stock brokers at No. 56 Broadway, was dissolved yesterday by the retirement of F. J. Kennett, of Chicago, who was suspended from the Chicago Board of Trade for five years for maintaining relations with a bucketshop. On this account George B. Hopkins and Harry L. Terry, of the firm of Kennett, Hopkins & Co., were ordered by the New-York Stock Exchange to sever their business relations with Kennett. They organized a new firm, and Kennett at the same time formed a new firm in Chicago. It came out yesterday that it was after Alexander Gilbert, cashier of the Market and Fulton National Bank, had declined the presidency of the Southern National Bank, that it was decided to put the Southern into liquidation and turn over its accounts to the Market and Fulton. The seventy-eighth birthday of David F. Merrell, liquidating clerk in the Seventh Division of the Custom House, was celebrated yesterday. DeputyCollector H. E. Esterbrook made a speech congratulating Mr. Merrell. Mr. Merrell has held his present place for fifteen years, and in that time has had only four days' sick leave. A temperance mass-meeting for men will be held in Association Hall, Twenty-third-st. and Fourthave., to-morrow at 3:45 p. m. Ira D. Sankey, the celebrated singer and evangelist, will speak and sing, assisted by George C. Stebbins. All young men of the city are especially invited. Doors will open at 3:30. James L. Wells will read a paper on "The Historic Part of the North Side" before the New-York Historical Society, Second-ave. and Eleventh-st., next Tuesday at 8:30 p. m. A meeting under the auspices of the Woman's National Sabbath Alliance will be held in Calvary Baptist Church, West Fifty-seventh-st., to-morrow evening. An address will be made by the Rev. Dr. Sage Mackay, pastor of the North Reformed Church, Newark. The Rev. Mr. and Mrs. Madhavarav Nikambe, from Bombay, India, will appear in costume. Dr. MacArthur will preside and make a brief opening address. The Woman's Sabbath Alliance is auxiliary to the American Sabbath Union. No confirmation of the rumor that a further advance in the price of ice will be made was given yesterday by the Consolidated Ice Company, which controls the business in the metropolitan district. All the printers and other employes at J. J. Little & Co.'s establishment, at Lafayette and Astor places, who went out on strike last week, returned to work yesterday, pending a settlement of their differences by arbitration. The arbitrators will meet in the rooms of the Typothetre, in the Downing Building, Fulton-st., on Monday afternoon. The advance of 25 cents a ton in anthracite coal by the Reading, Lehigh Valley and Lackawanna companies was followed yesterday by the other companies. General C. H. T. Collis, Commissioner of Public Works, sent a letter to Governor Morton yesterday, giving-at length and in detail his reasons for urging the veto of the Greater New-York bill. He shows that to keep the roads and sewers of the vast suburban territory in repair, and to build others as they are needed, will entail an enormous expense upon the treasury of the new city. The expense of a proper water supply of Brooklyn, Long Island City, Richmond County and parts of Queens County is also dilated upon, as well as the question of drainage.