Sellersville National Bank (Sellersville, PA)

View Charter #2667 on SPMC View balance sheet

Episode Information

Episode UID
266700988
Episode Type
Suspension β†’ Reopening
Bank Type
national
Bank ID
26670 national
Charter Number
2667
Start Date
April 28, 1882
Location
Sellersville, Pennsylvania (40.354, -75.305)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2253b12351cfd7c2

Response Measures

None

Description

Articles include the bank's charter authorization (1882) and the Pennsylvania statewide bank holiday (March 1933) that applied to this bank.

Events (4)
1. April 28, 1882 Chartered
Source
historical_nic
2. April 28, 1882 Other
Newspaper Excerpt
The controller of the currency has authorized the Sellersville National Bank, of Sellersville, Pa., to commence business with a capital of $55,000.
Source
newspapers
3. March 4, 1933 Suspension
Cause
Government Action
Cause Details
Statewide bank holiday/proclamation by Governor Gifford Pinchot ordering all Pennsylvania banks to remain closed on March 4 and March 6, 1933.
Newspaper Excerpt
I hereby declare a bank holiday throughout Pennsylvania on Saturday, March 4, 1933, and Monday, March 6, 1933.
Source
newspapers
4. March 7, 1933 Reopening
Newspaper Excerpt
The proclamation directs all banks in the Commonwealth to remain closed Saturday and Monday; restrictions were temporary and intended to enable reopening.
Source
newspapers

Newspaper Articles (4)
1. April 28, 1882 Evening Star Washington, DC
Article from Evening Star, April 28, 1882

Click image to open full size in new tab

Article Text

Washington News and Gossip. GOVERNMENT RECEIPTS TO-DAY.-Internal reve. nue,$539,919.81; customs, $432,184.08. NATIONAL BANK NOTES received to-day for redemption, $378,000. MR. GREEN B. RAUM, commissioner of internal revenue, will leave to-night for Chicago, to be absent about ten days. REPRESENTATIVE COBB, of Indiana, who was called home last week by the dangerous Illness of his wife, has returned, Mrs. Cobb having sufficiently recovered to return with her husband. THE controller of the currency has authorized the Sellersville National Bank, of Sellersville, Pa., to commence business with a capital of $55,000. OHIO LEGISLATORS IN TOWN.-A number of the members of the Ohio legislature are in this city seeing the sights. Among them is a son of the late Clement L. Valandigham. THE COMET.-The rate of travel by the comet now observed in the heavens should have been printed in yesterday's STAR two hundred miles per second, and not two hundred thousand. MAJOR FRED A. GEE has been promoted to an $1,800 clerkship, and assigned to duty as chief clerk claims division of the Qurtermaster General's office, in place of Mr. R. V. Belt, resigned. THE KILBOURN CASE.-The motion for a new trial in the Kilbourn.case is set for argument in the Circuit Court for to-morrow morning at 10 o'clock. THE COMMISSIONER OF INDIAN AFFAIRS to-day received a dispatch from the Indian agent at San Carlos, Arizona, stating that The Indians are making their way into Mexico, and on the way have killed a good many people, If reports are true. Nearly a hundred military are in pursuit." COMMANDER TERRY reports from Cape Town, Africa, under date of March 21st, that the Marion expected to sail for Montevideo on the 3d of April. DESIGNATIONS for examination for cadetships in the revenue marine service will soon be sent out by the Treasury department. The examinations will take place early in May. MR. TYNER DENIES.-In regard to the statement made by Mr. Woodward in his testimony yesterday, Mr. Tyner to-day said to a STAR reporter that the Dorsey combination, nor any member of it, ever gave him any number of shares or mining stock to influence his official action, or for any other purpose. TALK OF COMING CHANGES IN THE TREASURY DEPARTMENT.-It is the general impression that important changes in the Treasury department which have been impending for some time past, will be made shortly after the President's return to the city. Rumor now has it that Mr. Amos Webster, formerly register of wills in this District, is to be made chief clerk of the department, and that Major Power, the present incumbent, will be sent to Dalton, Mass., to take charge of the government mills there. THE PRESIDENT will hold a card reception on next Tuesday evening. Invitations will be issued to army and Davy officers, prominent officials and a number of private citizens. CADET ENGINEER LAWRENCE A. WEDDERBURN, son of Major George C. Wedderburn, of this city, formerly of Virginia, was killed last evening by a fall in the gymnastum at the Annapolis academy. The deceased was a young man of more than ordinary promise, morally and mentally, and was admitted to the naval school solely on his personal merits. To fit himself for it he studied earnestly and worked practically in our navy yard. He is a grandson of Judge D. C. Lawrence, of this city. The remains will be brought to-day to this city. THE EXERCISES AT FORTRESS MONROE.-The Tallapoosa arrived at Fortress Monroe yesterday about half-past twelve with the presidential party on board. In the afternoon the visitors inspected the ve-sels and the post and witnessed target practice. In the evening the graduating exercises or the artillery school were held in the officers' hop-room. MR. A. M. GIBSON denies the statement, made in the evidence of Postal Inspector Woodward, in the case of the United States against Rerdell, yesterday, that RerdeIl told him (Woodward) that Gibson received $2,000 from Senator Dorsey in mining stocks. Mr. Gibson is very emphatic in his dental. Mr. Gibson says that when Rerdell made his confession he made it with the condition that neither Mr. Gibson nor Mr. Cook should know anything about it. ANOTHER BOND CALL-The Secretary of the Treasury will on Monday probably issue a bond call for continued 6s, amounting to $11,000,000, which will redeem all the continued sixes of July and August, 1861. The next call will begin upon the continued 6s under the act of March 3d, 1863,00 which there are outstanding about $47,000,000. Then the calls will beginon the continued 5s. PERSONAL-Hugh Hastings, of the New York Commercial Advertiser, is at Willard's.--T' Danish Minister will leave in a few days with Madame de Bille, for a summer vacation in Europe.-Representative Walter A. Wood is in New York. Mr. and Mrs. Geo. C. Wedderburn will recelve warm sympathy in the loss of their son, Cadet Engineer Lawrence A. Wedderburn, a young man of the brightest promise and universally beloved. Gen. Sherman and party will leave San Francisco on Sunday for Washington, via Salt Lake City, Denver and St. Louis. The Blaine-Belmont Business. WHAT IS SAID AT THE CAPITOL TO-DAY. The Belmont-Blaine sensation has entiroly did

2. August 17, 1893 The Sun New York, NY
Article from The Sun, August 17, 1893

Click image to open full size in new tab

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.

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

Click image to open full size in new tab

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

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

Click image to open full size in new tab

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.