First National Bank (Hanover, PA)

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Episode Information

Episode UID
18701187
Episode Type
Suspension β†’ Reopening
Bank Type
national
Bank ID
1870 national
Charter Number
187
Start Date
November 9, 1898
Location
Hanover, Pennsylvania (39.812, -76.984)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f61a56553e4d9722

Response Measures

None

Events (4)
1. January 5, 1864 Chartered
Source
historical_nic
2. November 9, 1898 Other
Newspaper Excerpt
A long hidden deficiency of $57,000 has been discovered in the accounts of the late John H. Alleman, cashier of the First national bank of Hanover, Pa.
Source
newspapers
3. March 4, 1933 Suspension
Cause
Government Action
Cause Details
Statewide bank holiday declared by Governor Pinchot closing Pennsylvania banks during the national banking crisis.
Newspaper Excerpt
I hereby declare a bank holiday throughout Pennsylvania on Saturday, March 4, 1933, and Monday, March 6, 1933.
Source
newspapers
4. March 16, 1933 Reopening
Newspaper Excerpt
Virtually All of State Banks Open ... First Bank Hanover, National Bank listed among banks open.
Source
newspapers

Newspaper Articles (6)
1. August 17, 1893 The Sun New York, NY
Article from The Sun, August 17, 1893

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Article Text

Suspended Banks Reopen Their Doors. KANSAS CITY. Aug. 16. - The Armourdale Bank at Armourdale. which suspended business in the financial crash in the two Kansas cities one month ago yesterday. has reopened its doors and resumed business. FORT SCOTT, Kan., Aug. 16-The First National Bank of this city. which suspended on July 18, resumed business this morning. Bank Examiner Latimer of Sedalia. who has been in charge since it closed. has issued a notice to depositors saying that the institution is in good financial condition. WASHINGTON. Aug. 16.-The First National Bank of Rico, Col., which suspended payment June 30. 1893. having complied with the conditions imposed by the Comptroller of the Currency. and its capital stock being unimpaired. has been permitted to-day to reopen its doors for business. CLEVELAND. Aug. 16.-The Cardington Banking Company. at Cardington. O., closed its doors this afternoon. Theassets approximate $100. 000 and are said to be sufficient to meet the demands of the creditors. The President of the bank. Major W. G. Beatty. was obliged to make an assignment. and the bank could not weather the trouble brought on by his embarrassment. CARROLLTON. Pa.. Aug. 16.-The banks of Johnston. Bucks county. at Ebensburg. Carrollton. and Hastings. which suspended payments until they could get more money. will open again on Monday morning.

2. November 9, 1898 The Ely Miner Ely, MN
Article from The Ely Miner, November 9, 1898

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Article Text

The public debt statement issued on the 1st shows that the debt increased $43,487,717 during the month of October. The cash balance in the treasury was $933,249,397. The total debt, less the cash balance in the treasury, amounts to $1,110,966,922. St. Louis has decided to have a word's fair in 1903. Seven of a party of California gold seekers in Alaska perished in quicksand. Navigation on the upper Yukon river between Dawson and the lakes has closed for the season. The total coinage at the United States mints during October was $8,600,841, as follows: Gold. $5,180,000; silver, $3,354,191; minor coins, $66,650. During the four months of the present fiscal year the government receipts exceeded those for the corresponding period in 1897 by over $60,000,000. Cincinnati is to be the northern terminus of a new fast system of passenger transportation between the north and Cuba. The business portion of Divide, Col., was wiped out by fire. Jennie Holderman killed herself at Pryor Creek, I. T., because her Indian lover, John Watka, met death while resisting arrest. By a dynamite explosion in the Trio mine at Jamestown, Cat., David Stewart and Frank Catkings were killed. Ben Wheeler, while handcuffed, jumped from the window of a train near Columbus, O., running at the rate of 60 miles an hour and made his escape. Charles Baum, dealer in dry goods and notions in Washington, failed for $175,000. A long hidden deficiency of $57,000 has been discovered in the accounts of the late John H. Alleman, cashier of the First national bank of Hanover, Pa. Mrs. Louis Ruhlman and Mrs. John Good engaged in a knife fight in Goshen, Ind., and Mrs. Good was fatally injured. A coal train was wrecked near White Haven, Pa., and Edward Teel and Samuel Steener were killed. Gideon W. Marsh, the fugitive president of the Keystone bank, which was wrecked in March, 1891, surrendered himself to his bondsman in Philadelphia. John Meadows, a school-teacher, shot and killed John and Clayton Mathews, brothers, in Pineville, Ky. Thomas B. Rayl, president of the T. B. Rayl Hardware company, failed tin Detroit for $1,500,000. Arrangements are being made by the navy department for the establishment of a naval station at Honolulu. Charles Nelson (colored) who killed Grocer James Zimmerman at Bowling Green on June 8, was electrocuted at the penitentiary annex in Columbus, O. Ellis H. Roberts, treasurer of the United States, in his annual report says the net ordinary revenues of the government were $405,321,335, an increase of $57,597,630 over the previous year, while the net ordinary expenditures were $443,368,582, an increase of $77,594,423. The resulting deficiency of $38,047,247 exceeds that of the preceding year by $19.994.793. The steamship Panama, which was reported to have been wrecked off Cape Maysi, Cuba, entered Havana harbor. Failing to effect a reconciliation with his wife, who left him last summer, Marion Tyler, of Indianpolis, shot her at Scottsburg, Ind., and then shot himself. The supreme court of North Carolina has taken a hand in the uprising of the whites against negro voters. Mrs. Florence George and Miss Kate McAtee, both of Washington, were killed by the cars at Langdon, Md. The works of the National Starch company at Glen Cove, L. I., were burned, the loss being $200,000. PERSONAL AND POLITICAL. Nearly the entire business portion of

3. November 12, 1898 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, November 12, 1898

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Article Text

DOMESTIC. The business portion of Divide, Coi., was wiped out by fire. Jennie Holderman killed herself at Pryor Creek, I. T., because her Indian lover, John Watka, met death while resisting arrest. By a dynamite explosion in the Trio mine at Jamestown. Cat David Stewart and Frank Catkings were killed Ben Wheeler, while handcuffed. jumped from the window of a train near Columbus, O.. running at the rate of 60 miles an hour and made his escape. A long hidden deficiency of $57,000 has been discovered in the accounts of the late John H. Alleman. cashier of the First national bank of Hanover, Pa. Gideon W Marsh. the fugitive president of the Keystone bank. which was wrecked in March. 1891, surrendered himself to his bondsman in Philadelphia. Charles Baum. dealer in dry goods and notions in Washington, failed for $175,000.

4. March 4, 1933 Evening Star Washington, DC
Article from Evening Star, March 4, 1933

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Article Text

# EARLY U. S. ACTION # PLANNED ON BANKS New York and Illinois Declare Holidays-Only Four States Unrestricted. (Continued From First Page.) Connecticut took similar action, bring- ing to 43 the list of States in which restrictions on withdrawals are opera- tive in some form or another. Only Montana, Colorado, North Da- kota and South Carolina remained without restrictions at noon today. Delaware's banks were open, but the State Legislature has already taken emergency action. These developments had brought from Representative Rainey, the next Speaker of the House, the prediction that "an extra session of Congress will be called at the earliest possible time." He said he felt that early next week, possibly Tuesday, would not be too soon. Pre- viously Rainey had told House mem- bers-elect to remain in Washington. Others at the Capitol said the session probably would begin Wednesday. The Federal Reserve Bank of New York was closed with all other bank- ing institutions of that State. The Federal Reserve Bank at Philadelphia also closed, under a holiday declared throughout Pennsylvania by Gov. Pin- chot. Later in the day the Minne- apolis Federal Reserve Bank suspended business. The closing of the New York Federal Reserve Bank meant the tying up of its huge gold reserve for the period of the holiday against withdrawal by either domestic or foreign agencies. In discussing the banking relief pro- gram, Senator Robinson said: "We do not know just when it will be completed, but it will be expedited all possible. The details can not be announced right now but you may be assured there will be no delay." Wagner Plans Action, Previously Senator Wagner, Demo- crat, of New York, had told newspaper men he would carry immediately to Democratic leaders an appeal for imme- diate emergency banking moves. In- formed at his hotel here of banking moratoria in New York and Illinois. Wagner said he would appeal this morn- ing to Democratic leaders to begin working out a program and some time this afternoon would call on Mr. Roose- velt with the same objective. A bank holiday, he said, "is the only thing to do" to meet the emergency of the banks themselves, but he added quick steps are necessary to enable them to reopen and continue opera- tions. Harvey Couch, Democratic member of the Reconstruction Finance CorpoΠ³Π°- tion, was the first White House caller this morning. He said after a brief conference with President Hoover he had discussed "matters incident to the banking situation," but declined to give details. Couch conferred last night with President-elect Roosevelt. Officials in Conferences. High officials both of the outgoing Republican and incoming Democratic administrations were in conference most of the night. Secretary of the Treasury Mills said afterward the Hoover administration would have no statement, but that governors of the Federal Reserve banks in Chicago and New York would have announcements. Demands Impossible. The hours between midnight and dawn saw banking officials in many States struggling with the problem, made acute by the flurrying of nervous- ness on the part of depositors. As a statement by the New York Clearing House Committee put it: "The unthinking attempt of the pub- lic to convert over $40,000,000,000 of deposits into currency at one time is, on its face, impossible." The statement added that the condi- tion clearing house banks is such that "they could, through the facilities of the Federal Reserve Bank, pay on de- mand every dollar of their deposits," but that withdrawals throughout the country as a whole have increased so that a "halt" is necessary "to enable the proper authorities to consider and adopt remedies to meet this situation, not for New York primarily, but for the Nation as a whole." Only a few States remained today in which restrictions on withdrawals had not been invoked. No Holiday in Virginla. In Virginia, Gov. Pollard said no general banking holidays would be de- clared because the State's laws already protect the banks and their depositors. In Maryland, the General Assembly early today approved the emergency banking legislation without a dissenting vote in either House. Gov. Ritchie signed it this morning, but said that the banking institutions of the State will not reopen Monday. The resources of the Reconstruction Finance Corporation earlier had been made available to hard-pressed, but solvent banks in States that have imposed moratoria on withdrawals. This was one of a number of de- velopments yesterday that included introduction of legislation to allow postal savings checking accounts and to confer upon the incoming admin- istration sweeping authority to main- tain the security of deposits. Reconstruction Corporation officials said their policy called for lending in- stitutions if the loans were well secured enough money to pay the percentage of deposits that could be withdrawn, provided the banks did not have the funds immediately available. It was emphasized this was not a new departure, but was simply the ap- plication of regulations decided upon for individual instances in the past to a situation spread into a number of States. Pinchot's Statement. Gov. Pinchot of Pennsylvania here for the inauguration issued the follow- ing statement: "Because of the declaration of a bank holiday in New York, Illinois and most of the other States, similar action in Pennsylvania has become unavoidable. "Were our banks to remain open, the demands upon them would impose an impossible burden. "Therefore, upon specific recom- mendation of Gov. Norris of the Phila- delphia Federal Reserve Bank, I hereby declare a bank holiday throughout Pennsylvania on Saturady, March 4, 1933, and Monday, March 6, 1933." Exchange Statement. A statement issued by the Govern- ing Committee of the New York Stock Exchange said: "The Governing Committee at a meeting held this morning in order to give full effect to the banking holiday declared by the Governor of the State of New York directed: "First, that the exchange be closed during such holiday: "Second, that members and firms registered on the exchange be pro- hibited from making any contracts for the purchase or sale or the borrowing or lending of any securities, and also from permitting their offices or facili- ties to be used for the purpose of mak- ing or carrying out any such contracts; "Third, that all deliveries be suspend- ed on all member contracts, except on such contracts as may be cleared by or settled through the Stock Clearing Corporation, and that in such cases deliveries shall be made as the Stock Clearing Corporation shall direct

5. March 4, 1933 The Daily Courier Connellsville, PA
Article from The Daily Courier, March 4, 1933

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Article Text

GOVERNOR ORDERS TWO-DAY HOLIDAY FOR STATE BANKS By International Nows Service. PHILADELPHIA, March 4.-Governor Gifford Pinchot. from his temporary residence at Washington, D. C., today proclaimed mandatory twoday hollday for all Pennsylvania banks. The proclamation issued at 8:30 this morning through Dr. William D. Gordon, State Secretary of Banking, directs all banks in the Commonwealth to remain closed Saturday and Monday. George W. Norris, governor of the Federal Reserve Bank in Philadelphia at whose behest leading Philadelphia financiers assembled in the early Lours the morning to consider decisive action, said the step was made necessary by the growing list state bank holidays. Although it was believed Penneylvania banks could have remained open under the emergency legislation passed by the Legislature last Monday, of holidays by the governors of New York and Illinois and several other states early today precipitated the crisis, Norris explained. "Because of the declaration of bank holiday in New York, Illinois and other states similar action in Pennsylvania has become unavoidable," the Governor declared in his "Were our banks to remain open the demands on them would impose an impossible burden." "Therefore, on the specific recommendation of Governor George W. Norris of the Philadelphia Reserve Bank, hereby declare bank hollday throughout for Saturday, March 5, and Monday, March 6," the proclamation concluded.

6. March 16, 1933 The Patriot-News Harrisburg, PA
Article from The Patriot-News, March 16, 1933

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Article Text

Virtually All of State Banks Open From Page One following banks in Dauphin and nearby counties: Dauphin County. Dauphin National Bank, Halifax National Bank National Bank, First National Bank of Millersburg, tional Bank Penbrook, Citizens Bank Trust Company, Middletown. and Steelton Bank and Trust Company. Cumberland County. West Shore National of Lemoyne, moyne Trust Camp Hill National Bank, Cumberland National Bank, Second National Bank Mechanicsburg, First tional Bank Newville Farmers Bank of Newville, Carlisle Trust Company, National Bank People's National Bank of Shippensburg. Perry County. First National Bank Marysville, Duncannon tional Bank, People's National Bank of Duncannon, First National Bank of Loysville, First National Bank New Bloomfield, First tional Bank of Liverpool, First tional Bank of Millerstown, First National Bank Newport, Citizen's National Bank of Newport. York County. Dillsburg National Bank, National Bank Red Lion, First National Bank Trust of Red Lion, First National Bank First National Bank York Springs, First Bank Hanover, National Bank. Lebanon County. Myerstown National Lancaster County. First tional Bank and Trust Company Elizabethtown, First National Bank Marietta, Union National Bank Joy, First National Bank and Trust Company Mt. First National Bank, Central National Bank Columbia, Maytown National County. National Bank Chambersburg, Valley Bank Path ValNational Bank Run, Dry National Bank and Trust Company Adams County. Gettysburg National Bank, First National Bank of Gettysburg. Juniata County. Port Royal tional Bank, First National Bank of Port Royal.