First National Bank (Corning, NY)

Episode Information

Episode UID
265501265
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
26550 national
Charter Number
2655
Start Date
May 26, 1905
Location
Corning, New York (42.143, -77.055)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9c3ed89d4723ed75

Response Measures

None

Description

OCR typo corrected: 'CornN.' interpreted as Corning, N.Y.

Events (3)

1. April 8, 1882 Chartered
Source
historical_nic
2. May 26, 1905 Receivership
Newspaper Excerpt
National Bank Examiner Charles E. Van Brocklin has been appointed receiver.
Source
newspapers
3. May 26, 1905 Suspension
Cause
Government Action
Cause Details
Closed by the comptroller / national bank examiner on the ground of insolvency; receiver appointed.
Newspaper Excerpt
The First National Bank of CornN. has been closed the of tion wall, of Y., comptroller the by currency, and direc- Naon the ground of insolvency, tional Bank Examiner Charles E. Van Brocklin has been appointed receiver.
Source
newspapers

Newspaper Articles (2)

Article from Perrysburg Journal, May 26, 1905

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Article Text

MISCELLANEOUS. The general assembly of the Presbyterian church has opened at Winona Lake, Ind. Secret Service operatives arrested three women and a man who are charged with counterfeiting silver coins at Philadelphia. Lieut. Granville Chapman, stationed Okla., was the killed asat back Fort and Reno, instantly shot while in Bisting in company maneuvers. Eight trainmen were killed and four persons were injured in a head-on collision between Illinois Central freight trains south of Echols, Ky. Thomas Meany shot and killed Frank Duchetau in a clash between union and non-union glass workers at Elwood, Ind. During a quarrel in Chicago James Kutickes shot and severely wounded his friend, Slip Vrachnos, and then shot himself through the heart. Coffin, of Manchester, N. as a H., J. Edward prominent cartoonist of typhoid and newspaper writer, died at the age of one best fever, Joseph Elkinton, 45 years. of the ministers of the in America, died at sumknown Friends Society his Mr. of mer home near Philadelphia. Elkinton was 75 years of age. Margaret C. Orr and her two Margaret grandchildren, Mrs. aged Smith, 9, were aged 11, and Annie Smith, asphyxiated by illuminating gas in their home at Newark, N. J. An express car on a Washington and New York train on the Reading railroad was destroyed by fire at Bethayres, a few miles north of Philadelphia. A battle with pistols between a squad of New York harbor police and a band of river pirates resulted in the capture of the latter and the recovery of five bags of concha beans valued at $1,000. At Pueblo, Col., in a fit of jealousy, Frank Cowells, a railroad switchman, shot and killed Miss Stella Brie, his former sweetheart, and immediately afterward sent a bullet into his own brain that resulted in his death. The First National Bank of CornN. has been closed the of tion wall, of Y., comptroller the by currency, and direc- Naon the ground of insolvency, tional Bank Examiner Charles E. Van Brocklin has been appointed receiver. George H. Wood, of New York, pleaded guilty of murder in the second in shooting a of Watchung, on liams, degree grocer George Feb- Wil2. Wood was sentenced at SomN. to 30 years ruary erville. J., in prison. Morton will leave the 1, if the cabinet Secretary July president date. will his resignation on that has not his accept The secretary completed has plans for the future. He a number of offers under consideration. James D. Colt, receiver for the & Freese Co., has a bill of Haight filed complaint stock brokers, in the United States circuit court at Boston, in which he charged that $200,000 of the concern's funds is missing. in which fought After a struggle Dalton, he madman, Michael an of the like employe a Homestead postoffice, charged was arrested in Pittsburg, the mails. In the inof his coat was a side with pocket robbing found decoy letter. Justice of the Peace John Lynch, clerk of the district (state) N. D., arformerly court at Minot, has been B. Goss rested by order of Judge E. of on the charge embezzling the 12 $8,671 in fees received during years Lynch was clerk of the court. Dagmar E. Turnberg and her sister two women stenographwere struck and Dora, ers, young instantly Forest killed Glen, by a passenger train near Ill. It is reported from Tokio that a junk filled with Russian officers has been captured. It is presumed that they were making a reconnaissance from Vladivostok. house at New York City The where Canfield Lafayette was Fulton once lived a and where Robert the for guest while engine his pioneer steamboat, the Claremont, was being built in a shop nearby, was destroyed by fire recently.


Article from The Birmingham Age-Herald, March 12, 1908

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Article Text

FINANCIAL BILL HOTLY DENOUNCED Senator Clarke of Arkansas Hits Several Fierce Blows ALDRICH ATTEMPTS REPLY Investigation of Causes of the Panic Is Demanded by Senator Clarke, Who Also Denounces New York Stock Exchange. Washington, March 11.-Senator Clarke of Arkansas denounced the pending currency bill in a speech in the Senate today, declaring that no currency legislation should be enacted until an investigation is held as to the causes of the panic. "No such legislation is necessary now, said Mr. Clarke. "It is not only not necesI sary, but it may become dangerous. am not disposed to tolerate the idea of giving any support to the committee bill, nor the substitute proposed by the minority members of the Senate." If emergency currency is to be provided, Mr. Clarke said, the benefits should be extended all persons whose legitimate business demands cause them to need it. Mr. Clarke denounced the operations of stock exchanges and said the American people would not be satisfied with the proposed currency legislation without a complete knowledge of causes of the panic. "The time has arrived," he said, "when the affairs of the New .York stock exchange and other stock exchanges must be looked into." Mr. Clarke's reference to the stoppage of the payments by the New York banks called Mr. Aldrich to his feet with the remark that he did not believe the people would permit that course again to be pursued. "I trust the senator from Rhode Island as a historian," retorted Mr. Clarke, "but I do not trust him as a prophet." Mr. Clarke expressed the opinion that the majority would not pass the bill allowing the emergency circulation to be retired without limitation. Mr. Clarke said he would not only require a restriction of reserves, but he would deny to a national bank the right to pay interest on checking accounts. Senator Nelson suggested that the national banks should pay interest on the $250,000,000 of government deposits. Mr. Aldrich said that five years ago he had introduced a bill providing for the payment of interest on such deposits at the rate of 1 1/2 per cent, but, he added, senators had opposed that bill on the ground that it changed the nature of the loan. Former Senator Spooner and the late Senator Morgan, he said, opposed the bill. If that objection could be overcome he declared his willingness to again bring in such a measure. He did not know any reason unless it should be a legal one, of the kind suggested, why interest should not be charged on these deposits. Mr. Culberson, he said, had introduced a bill to require payment of interest on government deposits and it was now before the committee on finance. Mr. Bailey spoke at some length suggesting that the main purpose of his substitute was to favor the principle of government money instead of bank money He explained that he had provided for a distribution of the emergency currency in accordance with population, although he realized that business necessity was a greater measure of the amount they should have. But it was not possible to make sure of the business needs of the several sections and it was a simple matter to ascertain the population. An extended argument was made by Mr. Newlands of Nevada in favor of his view that the sending of a check from one state to another makes the business of banking interstate commerce.