Article Text
National Bank Closes. Washington Dec. 19.-The First National bank of Elizabeth, Pa., today notified the !reasury department it would not open its doors and asked for s receiver. No details were given.
18632. First National Bank (Elizabeth, PA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 5114
- Charter Number
- 5114
- Start Date
- December 19, 1913
- Location
- Elizabeth, Pennsylvania (40.269, -79.890)
Metadata
- Model
- gpt-5-mini
- Short Digest
5d8788fd
Response Measures
None
Receivership Details
- Depositor recovery rate
- 60.5%
- Date receivership started
- 1913-12-19
- Date receivership terminated
- 1918-03-30
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 39.2%
- Share of assets assessed as doubtful
- 57.1%
- Share of assets assessed as worthless
- 3.7%
Description
Multiple contemporaneous newspaper dispatches (Dec 19, 1913) report the First National Bank of Elizabeth, PA did not open by order of directors, asked the appointment of a receiver, and a federal examiner took charge. Articles state the bank had too much slow paper (real-estate loans) and could not continue—indicating a suspension followed by receivership (closure). No run or depositor panic is mentioned.
Events (4)
1.
March 19, 1898
Chartered
- Source
- historical_nic
2.
December 19, 1913
Receivership
- Source
- historical_nic
3.
December 19, 1913
Receivership
- Newspaper Excerpt
- asked for the appointment of a receiver. A federal examiner is in charge. Appointment of a receiver was requested; the comptroller ordered a bank examiner to take charge.
- Source
- newspapers
4.
December 19, 1913
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Directors said the bank had too much slow paper (real-estate loans) that could not immediately be turned into cash, prompting closure and request for a receiver.
- Newspaper Excerpt
- the First National bank of Elizabeth, Pa., today notified the treasury department it would not open its doors and asked for a receiver.
- Source
- newspapers
Newspaper Articles (14)
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Article Text
NATIONAL BANK ASKS FOR RECIEVER Washington, Dec. 19 Word was received by the treasury department today that the First National Bank, of Elizabeth, Pa., would not open its doors and asked for the appointment of a receiver. No details were given. Acting Comptroller of the Currency Kane will send a national bank examiner to take temporary charge.
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Bank Closed Doors. Elizabeth, Pa., Dec. 19.-The First National bank of this place closed its doors and asked the appointment of a receiver this morning. A federal examiner is in charge. The bank was organized in 1898. The total resources are $580,000.
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PENNSYLVANIA BANK CLOSED. First National Bank of Elizabeth Asks Appointment of Receiver. Washington, Dec. 19.-The First National bank of Elizabeth, Pa., today notified the treasury department that it would not open its doors and asked for the appointment ,of a receiver. No details were given . Acting Comptroller of the Currency Kane will send a national bank examiner to take temporary charge.
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PA. BANK FAILS TO OPEN DOORS Telegram by United Press. Elizabeth, Pa., Dec. 19.-The First National bank here did not open its doors this morning on the order of the directors. A receiver was requested but no reason was given. The comptroller of the currency ordered a bank examiner to take charge.
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Examiner Takes Charge of Elizabeth (Pa.) Nat'l Bank WASHINGTON. Dec. 19.-The First National Bank of Elizabeth, Pa., today notified the treasury department that it would not open its doors and asked for the appointment of a receiver. No details were given. Acting Comptroller of the Currency Kane will send a national bank examiner to take temporary charge. PITTSBURGH, Dec. 19.-Bank Examiner Sherrill Smith, of Pittsburgh, took charge of the First National Bank of Elizabeth, at Elizabeth, Pa. this morning, on instructions from Washington, the directors of the bank having made the request. It was stated at the bank that it had too much slow paper on hand to make further operation advisable, but Examiner Smith refused to make a statement until he had gone further into the bank's affairs. The First National Bank of Elizabeth was organized in 1898 with a capital of $50,000. Its deposits were $440; surplus, $36,000, and its total resources, $580,000. The directors, later in the day, issued a statement declaring that they had asked the treasury department to take charge of the bank because it had loans, secured by real estate, which could not immediately be turned into cash. They expressed the belief that the institution would reopen for business. It was said in Elizabeth that almost one-half of the bank's deposits were in savings accounts.
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Wilson elm in the White House grounds to replace a Hayes elm blown down by a recent storm. Frank H. Rand, bursar and assistant treasurer of the Massachusetts Institute of Technology, died at Pinehurst, N. C., yesterday. The Dissolution Suit against the United Shoe Machinery company as an unlawful monopoly was adjourned yesterday until January 6. Robert Hilliard, the actor. was sued at New Orleans, by William Page, his valet, for $5,000. Page alleges Hilliard beat him unmercifully. Mrs. Albert T. Patrick, whose husband served twelve years in Sing Sing prison as the alleged murderer of William Marsh Rice, died at Tulsa, Okla., yesterday. An Indictment For Murder was returned yesterday by the grand jury against Arthur C. Mack, who is alleged to have beaten his wife to death in Providence. The First National Bank of Elizabeth. Pa., yesterday notified the treasury department that it would not open its doors and asked for the appoint ment of a receiver. A Barbed Wire Fence along the Mexican boundary to check incursions into American territory was proposed in a bill introduced yesterday by Senator Ashurst. Fire, Starting in the Bryant & Company hay and grain building at Brockton, Mass., in a congested business district yesterday caused damage estimated at $12,000. President Wilson has directed the return to the civil government of the Philippines of the military reservation at Bonao, one of the small islands of the Jolo group. The House Yesterday passed a bill to appropriate $5,000 more for the expenses of the American delegates to the International Safety at Sea conference in session at London. Robbers Gained Access to the East Berlin and Westfield station houses and the Westfield section tool shed on branch lines of the New York, New Haven & Hartford Thursday night. Leaving Their Automobile at the curb in front of the Bixel Jewelry store at Bluffton, Ohio, yesterday, three men rushed into the store. seized a tray containing 8700 worth of diamonds and escaped. A Complimentary Dinner to W. Cam eron Forbes, former governor general of the Philippine island, was given last night by the Philippine society and the Harmony elub of America at New York. A New Record Price for New York City land is established in a transaction just recorded for a plot 73.4x100 located at Fifth avenue and Forty Second street, The price was $2,250. a 000, which is equivalent to $307 square foot. The United States Circuit Court of appeals at New York yesterday decided that the Waltham Watch company of Waltham, Mass., could not force Charles A. Keene, a New York jeweler, to stop selling their watches at cut prices. Two Hundred Women, members of the Women's Health league, were yesterday stationed in the principal streets of Pittsburgh at the opening of a campaign to enforce the anti-spitting ordinance. For Shooting Out Electric Lights during an automobile ride on the night of December 1, Louis F. Curtis, a aged 18 years, and a member of prominent and wealthy Newton, Mass. family, was sentenced to three months in jail yesterday. Secretary Garrison's announcement that when Major General Leonard Wood leaves his office as chief of staff of the army he will take command of the department of the east with head. quarters at Governor's Island, N. Y., has renewed speculation in army circles as to who will succeed him. The American Ambassador at Rome, Thomas Nelson Page, has arranged for the reception of Ira Nelson Morris, special commissioner, to seek the cooperation of Italy in the Panama-Pacific exposition, by the foreign minister, Marquis di San Giuliano, today. TO BE ELECTROCUTED FOR MURDER OF WIFE.
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The First National. Bank of Elizabeth, Pa., yesterday notified the treasury department that it would not open its doors and asked for the appointment of a receiver.
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Pennsylvania Bank Closed. Word was received at the Comptroller of the Currency's office yesterday that the First National Bank of Elizabeth, Pa., closed its doors yesterday by order of the directors. A receiver to take charge of the bank's affairs has been ordered to Elizabeth by the Comptroller of the Currency,
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ELIZABETH, PA., BANK CLOSES ITS DOORS WASHINGTON, Dec. 19.-The First National bank, of Elizabeth, Pa., did not open its doors today under orders from its board of directors, according to a message received by Acting Comptroller of the Currency Kane. Appointment of a receiver was requested, but no reason for the shut down was given. Kane ordered a bank examiner placed in charge.
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Elizabeth, Pa., Bank Closed. WASHINGTON, Dec. 22.-The First National Bank of Elizabeth, Pa., notified the treasury department it would not open its doors, and asked for the appointment of a receiver.
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Bank In Elizabeth, Pa., Closed. The Elizabeth, Pa., First National bank did not open its doors, under orders from its board of directors, according to a message received by Acting Comptroller of the Currency Kane in Washington. Appointment of a receiver was requested, but no reason for the shutdown was given. Kane ordered a bank examiner placed in charge.
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Bank In Elipbath, Pa., Close The Elizabet, Pa., First National bank did not open its doors, under OF ders from its oard of directors, ar. cording to a mssage received by Acting Comptrollejof the Currency Kare in Washington Appointment of a receiver was redested, but no reason for the shutdown was given. Kane or. dered a bank exuminer place in charge.
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Dr. Alexis Carrel of the Rockefeller Institute for Medical Research, New York, was married in Paris to Mme. de la Marie. It is said that the New York American league baseball club has bid $500,000 for Ty Cobb. Total deposits of $107,205,542 were held by the 920 state banks of Kansas on Dec. 4, according to a compilation of reports made public by C. M. Saw. yer, bank commissioner. A wireless message from the sponsors of the Crocker land expedition sped to its leader, Donald B. McMillan, and his companions at Etah, Greenland, 1,600 miles away, from the nearest station in Canada. An aeroplane with sleeping cabins able to accommodate several passengers has just been submitted to successful tests at St. Petersburg. On the Missouri Pacific railroad near Boonville, Mo., a passenger train and freight train met in a head-on collision. The passenger train's fireman, Dan Johnston, was killed and two others seriously injured. Two men were killed and many other passengers were injured in a headon collision between a Union Pacific freight train and the eastbound Los Angeles limited train No. 8, near Black Buttes, Wyo. The proposal to change the name of the Methodist Episcopal church, South, to "Methodist Episcopal Church in America" has been defeated. ac. cording to figures given out by the Christian Advocate of Nashville, Tenn. Mrs. Ella Flagg Young was voted back into the superintendency of Chicago public schools after a stormy session of the board of education. All of the estate of A. Montgomery Ward, the Chicago mail order merchant, estimated at more than $5,000,000, will be kept in his family. according to the terms of his will. In a striking letter Franklin Lane, secretary of the interior, outlined in his annual report to the president a broad policy in the conservation of the vast natural resources be the United States. Attorney-General Barker explains why he brought suit against the railroads of Missouri to compel them to refund all moneys collected by them in excess of the amount authorized by the 2-cent passenger and maximum freight laws. He said the railroads had no right to the money in the first place, and could not consistently object to restoring to the proper owners that which belonged to them. 8 Former Judge Henry S. Priest, as attorney for receivers of the Frisco I railroad, was attacked in the United t States court in St. Louis on the a ground he had served too many interests connected with the road's affairs. f t A school for suffragists has been d founded in Pittsburg and will begin with the first of the new year, under t the auspices of the Equal Franchise e federation of western Pennsylvania. di There has been a tremendous inC crease recently in the number of B young men offering themselves to the W army recruiting officers for military b service. Last month there were 5,000 r applications, 2,000 more than ever beII fore recorded in time of peace. in Using her knowledge of jui-jitsu 10 with good effect, Miss Yoeh Ndoo Yu, p a Chinese student in the Teachers' a th college, New York, almost strangled a youth she asserted had robbed her. b) Posses with bloodhounds are search. al ing for the man or men who murdered of John Barrett. 60 years old, at his home to near Fort Plain, N. Y., after beating er his daughter Katherine, 20 years old, TI into insensibility. The father was by slain when he went to the aid of his daughter. ea be gi Richard Bartholdt, who has for 22 years represented a Missouri congres. se sional district, announces his retire su ment at the expiration of his present erm. ba fre Bank Examiner Sherill Smith of cir Pittsburg took charge of the First pe to National Bank of Elizabeth, at Eliza he eth, Pa., on instructions from Wash. ngton It was stated at the bank that