National Gold Bank & Trust Company (San Francisco, CA)

Episode Information

Episode UID
199400957
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
19940 national
Charter Number
1994
Start Date
September 1, 1879
Location
San Francisco, California (37.780, -122.419)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
428f4a4513adfb8d

Response Measures

None

Description

Contemporaneous reports state the bank 'decided to go into liquidation' and capital was impaired; no reopening reported.

Events (3)

1. June 3, 1872 Chartered
Source
historical_nic
2. September 1, 1879 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders decided to go into liquidation; committee reported capital impaired from loose business and not recovered from the disaster of 1875.
Newspaper Excerpt
The National Gold Bank and Trust Company have decided to go into liquidation.
Source
newspapers
3. September 1, 1879 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (5)

Article from Eureka Daily Sentinel, September 2, 1879

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Article Text

PACIFIC COAST. [SPECIAL TO THE EUREKA DAILY SENTINEL.] CALIFORNIA. De Young Admitted to Bail. SIERRA NEVADA CALLS FOR MORE MUD. Political, Etc. SAN FRANCISCO, September 1. Chas. De Young was to-day admitted to bail by Chief Justice Wallace, in the sum of $25,000. Sierra Nevada levies an assessment of two dollars per share. The Honorable Bilks' candidate for Mayor D. W. Farquharson, having withdrawn, the the committee met and nominated D. W. N. Griswold to fill the vacancy. The "Chronicle" has jumped Griswold, the nominee of its party for Mayor, and comes out this morning for Flint, the Republican candidate, for the purpose of beating Kalloch. An unknown man committed suicide today at the Railroad House, on Commercial street, by taking strychnine. He registered at the house on Saturday by the name of Stein. Another unknown man was found hanging to a limb of a tree in Golden Gate Park this afternoon. He had apparently been dead several days. At a meeting of the stockholders of the Gold Bank and Trust Company to-day it was decided to go into liquidation. The report of the committee appointed to examine its affairs, showed the capital had become impaired by the loose manner of doing business, for which the officers were censured. It was also shown that the bank had never fully recovered from the disaster of 1875. The report of the suspension of F.D. Conro & Son, of the Golden Age flour mills, proves unfounded.


Article from Evening Star, September 2, 1879

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Article Text

WThe Inter-Ocean wants to know if Bob Ingersoll would not be willing to compromise on a place of torment and call It Mississippi. The stockholders of the National Gold San Francisco decided yesterday to go into liquidation. The bank has never fully recovered from the panic of 1875. In the Pennsylvania coal fiel is the average pay of the miners is $2 per day, of the laborers $1.28 and of the boys fif y Cents.


Article from The Weekly Arizona Miner, September 5, 1879

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Article Text

NEWS BY TELEGRAPH Memphis, Sept. 1.-Total number of cases of yellow fever reported to the board of health, to date, 873; deaths, 233. Last year the total number of deaths to Sept. 4th was 804. New Orleans, Sept 1.-Indications are favorable for the suppression of the yellow fever; only six deaths so far. New York, Sept. 1.-Specials from the interior indicate that Cornell will have 180 delegates to the Republican State Convention. San Francisco, Sept. 1.-The H. B's have nominated W. N. Griswold for Mayor, whereupon the Chronicle bolted, and isnow supporting Flint. DeYoung has been admitted to $25,000 bail. The National Gold Bank and Trust Company has decided to go into liquidation. New York, Aug. 30.-Immense crowds at Brighton Beach to see Mollie McCarty run. A telegram received from Saratoga said that she had met with an accident preventing her running. Memphis, Aug. 30.-The Howard Assoclation has expended $257,000, and expect it will be necessary to call for ald. Chicago, Aug. 30-A special to the Tribase from Washington says that E. B. Washburne received a letter from Grant, positively declining to be a candidate for the Presidency. San Francisco, Aug. 30-Dr. Kalloch is still improving. The Bulletin reporter interviewed him to-day and heexpressed confidence in his recovery and election as Mayor. Silver King $5.00; Tiptop $.95. New York, Aug. 29.-Prize shooting at Creedmoor contemplates several matches, the value of prizes aggregating seventy-two thousand dollars. Among teams now encamped there are those from the Pacific Coast. The Oncida community have abandoned the practice of complex marriage in deference to public sentiment, not, however, renouncing its principles. Washington, Aug. 20-Fitz John Porter has written a letter saying that he is coming here this winter to urge Congress to restore him to the active list of the army. London, Aug. 29-A despatch from Garnet Wolesley dated Aug. 11th, says, Zulus have dispersed, and there are prospects for an early peaceable settlement. San Francisco, Aug. 29-Dr. Kalloch much improved, and is sitting up to-day, but the danger of inflammation is not passed. Silver King $5.00.


Article from Arizona Citizen, September 5, 1879

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Article Text

THE CITIZEN. SEPTEMBER 3. 1879. FRIDA Y. TELEGRAMS. Kalloch. SAN FRANCISCO, August 30.-Dr. Kalloch is much improved and is sitting up today, but danger of inflamation is not yet passed. SAN FRANCISCO, September 1.-Dr. Kalloch is still improving. A Bulletin reporter interviewed him to-day. He expressed contidence in his recovery and election as Mayor Out on Bail. SAN FRANCISCO, September 2.-De Young has been admitted in $25,000 bail. Chronicle Bolts. SAN FRANCISCO, September 2.-The H. Bs. nominated W. N. Griswold for Mayor, whereupon the Chronicle bolted and now supports Flint. In Liquid tion. SAN FRANCISCO, September 2.--The National Gold Bank and Trust Com pany have decided to go into liquidation. Creedmoor Stakes. NEW YORK, August 23.-The value of the prizes in the contemplated matches at Creedmoor aggregates $2000. Three teams from the Pacific are now in camp. Oneide Community Progressing. NEW YORK, August 29. .-TheOneida Community have abandoned the practice of complex marriage in deference to public sentiment, not however renouncing its principles. A Disappointed Crowd. NEW YORK, August 31.-There was an immense crowd at Brighton Beach to see Mollie McCarty run, but a telegram received from Saratoga an nounced that she had met with an aceident preventing her running. Cornell's Chances. NEW YORK, September 1.-Specials from the interior of the State indicate that Cornell will have 180 delegates to the Republican State Convention. At New Orleans. NEW ORLEANS, September 1.-Indications are favorable for the suppression of the yellow fever; only six deaths thus far. Aid Needed. MEMPHIS, August 31.-The How. ard's have expended $25,700 and expect it will be necessary to call for more aid. Yellow Fever. MEMPHIS, September 1.-Total cases reported to the Board of Health to date, 873; total deaths, 233. Last year the total deaths to September 4 reached 804.


Article from Morning Journal and Courier, February 18, 1880

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Article Text

than less attractive. To ignore this fact and lower the rate of proposed interest "is a piece of boldness which amounts to recklessness that the optional term is increased does not offset the change in rate." San Francisco will perhaps get enough of Kearneyism by and by. A comparison, just between the of 1, 1880, prepublished, city January and bank those deposits of the lesson. in that Year's contains a the period of During vious New year-a day adoption sharp communistic of agitation culminating in the the Sand Lots constitution-$11,250,000 were withdrawn from the commercial banks of that city and invested elsewhere. The withdrawal represents the decline of confidence felt by in the future of a is for men like Kearney to conpossible capital State dictate where The drain- it stitutions and rule Legislatures. age of capital will surely continue as long as the cause remains in force. The bank same year savings off existing 53,300 depositors during and the the sums fell from to 47,200,a to their credit from $54,000,000 to $44,350,000. Dispatches from San Francisco report au inenforced idleness among the workand of distress consequence. ingmen crease of in laborers The war upon capitalists is a war upon also. If we may believe an unauthenticated rumor, the United States Government has not been indifferent to the interests of this so the Isthcountry in the projected canal on mus of Panama as has been supposed. It is stated that a private American citizen has purchased property on the Isthmus which our Government has already leased for its own use, and which it can buy whenever it deems it necessary. The geographical line which separates North America from South America runs between Costa Rica, southernmost of the Central American States, and Panama, northernmost of the so-called United States of Colombia. The purchases above mentioned are at the Atlantic and Pacific termini of this boundary and current rumor says they have been converted into coaling stations and United States men-of-war have been sent thither to occupy them. Whether this is true or it is plain that the members of Conand others at Washington about the matter acfeeling gress not, and that have decisive the right tion will be taken if it is needed. Senator and General Gordon objected to the appointment of Rev. Mr. Simmons as Superintendent of the Census in his State because he couldn't spell correctly. Unfortunately Simmons had been detected in a little too much economy in the use of the alphabet in addressing the President of the United States as His "Excelency," thus cheating the word out of an "I" that the most popular lexicographers give to it. In Gordon's opinion no man who would cheat the word Excellency out of a single letter could be trusted to enumerate portion of the population of the State of His task bungperformed any Georgia. result would would be lingly and the be Gordon is not man has fallen into a which faulty. pit the he first dug for who another but his fate should be a warning. In the course of the controversy between him and Alexander Stephens concerning the Simmons matter he wrote a letter in which he defied the authority of Webster by spelling the word controversy-"controversey"-and Marshal _"Marshall"-thus crowding into controversy a superfluous "e," and adding to Marshal the "I" that Simmons had dropped from "His Excellency." According to his own standard of fitness to hold office it would seem that there is nothing for Senator Gordon to do but to resign immediately. Of all the measurements by which the dif ference between the human skulls of one race and another can be determined, the most imis now believed to be gives the of the great portant cubic capacity that cavity which of the skull wherein is contained the brain. Upon this basis some interesting investigations have is been made. Among other facts ascertained to a race of on the west coast exthat people relating of long, Africa, flat-headed who hibit the largest average capacity of any human heads yet examined. The Laplanders and Esquimaux, though a very small people, have very large skulls, the latter giving an average measurement of 1,546. The lower grades of English skulls show a size or capacity of 1,542; the inhabitants of the Canary Islands, 1,498; the Japanese, 1,486; the Chinese, 1,424; the Italians, 1,475; the ancient Egyptians, 1,464; the true Polynesians, 1,454; negroes of various kinds, 1,337; the Kaffirs, 1,348; Hindoos, 1,306. The Australian aborigines give one of the smallest averages, namely, 1,283; and the Andamanese, avery diminutive show combetween the men parison people, skulls only of sixty-three 1,220. A of various races, and of twenty-four women, showed the ratio of the woman's skull to the man's to be as 854 to 1,000.