First National Bank (San Bernardino, CA)

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Episode Information

Episode UID
352701122
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
35270 national
Charter Number
3527
Start Date
June 23, 1893
Location
San Bernardino, California (34.108, -117.290)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
764f6c6d3e70f4f3

Response Measures

Accommodated withdrawals, Public signal of financial health, Capital injected, Full suspension, Books examined

Receivership Details

Depositor recovery rate
65.8%
Date receivership started
1895-01-29
Date receivership terminated
1904-09-30
OCC cause of failure
Fraud
Share of assets assessed as good
18.5%
Share of assets assessed as doubtful
62.9%
Share of assets assessed as worthless
18.5%

Description

Two distinct episodes: a 1893 run/suspension with reopening, and a separate 1894 run leading to permanent closure and receivership in Jan 1895.

Events (9)
1. July 3, 1886 Chartered
Source
historical_nic
2. June 23, 1893 Run
Cause
Rumor Or Misinformation
Cause Details
Run driven by false and malicious reports and panic following other regional bank closures.
Measures
Temporarily closed/suspended to stem withdrawals; sought examiner/Comptroller approval to reopen.
Newspaper Excerpt
The First National Bank closed its doors to-day, after undergoing a run for the past five days.
Source
newspapers
3. June 23, 1893 Suspension
Cause
Rumor Or Misinformation
Cause Details
Temporary suspension due to heavy withdrawals triggered by malicious reports and regional panic.
Newspaper Excerpt
Owing to the stringency of the money market and the unusual withdrawal of deposits during the last five days, this bank is forced to close its doors temporarily,
Source
newspapers
4. July 21, 1893 Reopening
Newspaper Excerpt
Promptly at 10 o'clock this morning the First National Bank of this city reopened its doors for business in accordance with the authority granted by Comptroller of Currency Eckles.
Source
newspapers
5. November 8, 1894 Run
Cause
Bank Specific Adverse Info
Cause Details
Large withdrawals by a few heavy depositors precipitated the run and suspension.
Measures
Cashier closed doors and posted notice; bank suspended.
Newspaper Excerpt
A quiet run was organized that went all day yesterday...on opening this morning the rush commenced and Cashier Kohl closed the doors
Source
newspapers
6. November 8, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed large withdrawals by heavy depositors leading to lack of funds.
Newspaper Excerpt
The First National bank closed its doors yesterday because of a lack of funds.
Source
newspapers
7. January 29, 1895 Receivership
Source
historical_nic
8. January 29, 1895 Receivership
Newspaper Excerpt
Comptroller Eckels to-day wired the appointment of Bank Examiner Wightman as temporary receiver, with full power.
Source
newspapers
9. April 22, 1895 Other
Newspaper Excerpt
Receiver Broderick ... announced ... depositors of the bank could be paid a dividend of 20 per cent between the 15th and 20th of May next.
Source
newspapers

Newspaper Articles (22)
1. June 24, 1893 The Times Richmond, VA
Article from The Times, June 24, 1893

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largest bank in Niagara county, closed its doors at noon. There is great excitement among business men in consequence, as over $700,000 of their money was on deposit there. The suspension was totally unexpected, and was not preceded by a run on the bank. Cashier Delaney says that the assets will be far in excesss of liabilities. Peter A. Porter is president of the bank, and the Porter family are the largest stockholders. Other wealthy people are also interested in the institution. MINNEAPOLIS MINN., June 23.-The State Bank, of this city, suspended payment this morning, the assurance being given to depositors that it would resume in a few days. The bank has a paid-up capital of $75.000. Steady withdrawals by depositors was the cause of the action. The bank is one of the smaller ones of the city, SAN BERNARDINO, CLA., June 23.The First National Bank closed its doors to-day, after undergoing a run for the past five days. SEATTLE, WASH., June 3.-The First National Bank at New Whatcom, Washington, closed its doors yesterday. The Stockholders Are Liable. BALTIMORE, June 23. - -The stockholders of the Western Consolidated Dynamo and Motor Company are held to be liable on their stock to the creditors of the company by a decree signed by Judge Dennis yesterday. It appeared from the petition of Jacob H. Stadelman, one of the creditors of the company, that the entire stock of the company, amounting to $1,000,000, was issued by E. L. Tunis in payment for certain patents, it being a consideration condition for the subscription, however, that $500,000 of the stock should be transferred to certain parties to be sold for the benefit of the company. This stock was sold at fifty cents on the dollar to the present stockholders-Mayor Latrobe, Mr. Enoch Pratt, Mr. Robert Rennert and ex-Governor Jackson. Judge Dennis directs the receivers of the company to collect from the stockholders the remaining fifty cents on the dollar, amounting to $250,000.

2. June 24, 1893 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, June 24, 1893

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CONDENSED DISPATCHES. Robert Wingate has been appointed receiver of the Merchants' National bank. of Tacoma. The Bank of Maders, Cal, of which D. M. Tombila is president and J. E. Newman cashier, failed to open its doors Friday. The comptroller of the currency has ordered Bank Examiner Cleary to take charge of the First National bank. of Whateom. The Cataract bank, of Niagara Falls, the larg. est in the city, failed Friday with $70,000 deposita P. A. Porter is president and Delancey Rankine cashier. The First National bank. of San Bernadino, Cal., of which Joseph Brown is president and a H. Kohl cashier, suspended on June 23 after withstanding a fire days' run. The bank will reopen this morning. The State Bank of Minneapolis, with $100,000 capital, $6,000 surplue and $60,000 deposits, closed its doors on Friday. K. Kortgaard is president and c. A. Biomquist assistant cashier. The depositors are mostly Scandinaviana The People's Home Savings bank, of San Francisco, in consequence of the failure of the Ps. ettie bank, closed its doors on June 23 the two banks being under practically the same management The other commercial banks in the city feel secure and no runs of consequence have been made on them

3. June 24, 1893 The Herald Los Angeles, CA
Article from The Herald, June 24, 1893

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CLOSED FOR ONE DAY. The First National of San Bernardino Temporarily Embarrassed, SAN BERNARDINO, June 23-[Special.] -People passing the First National bank this morning were surprised to see 8 notice which read: "Owing to the stringency of the money market and the unusual withdrawal of deposits during the last five days, this bank is forced to close its doors temporarily," posted on the front door. The bank opened as usual, but had only kept open 15 minutes when the county treasurer appeared and attempted to cash a check for $25,000, which could not be met. The news soon spread and in a few moments a large crowd had collected on the corner discussing the suspension. The majority of the people are fully satisfied that there has been no mismanagement, as no unfavorable remarks were heard regarding the institution. The opinion of all is that the bank is solvent and only closed temporarily. Its affairs are in a good condition and the utmost confidence is felt in the directors and stockholders. A HEAVY DRAIN. The First National has sustained a heavy drain on its cash resources for some days. Like the Farmers' Exchange it is the victim of false and malicious reports circulated by parties eeeking to injure its standing. The run started on the morning that the Farmers' Exchange closed its doors, and has continued intermittingly up to the present time. The panic in Los Angeles and other parts of Southern California prevented outside aid. While the bank could have tided over by realizing on outstanding assets in this city, this course meant pushing other people to the wall, and it was decided to suspend temporarily, or until the present flurry in financial circles had subsided. This course, it is needlees to eay, has been the best for the interests of the city. Any other would have involved the debtors of the bank at once, and caused considerable embarrasement. The officers of the bank are Joseph Brown, president; M. B. Garner, vicepresident; O. H. Kohl, cashier. Its directors are Joseph Brown, H. Brink meyer, J. W. Hall, O. H. Kohl, W. J. Curtis, L. D. Crandall, M. B. Garner, J. Flanders, John M. James. It has a paid-up capital stock of $100.000, a surplus fund of $25,000, undivined profits, $7995. There were individual deposits of $261,000; demand certificates of deposit, $98,478. In the last five days between $100,000 and $200,000 has been paid out over the counter. AN OFFICER'S STATEMENT. One of the leading officers in an interview said: "We closed, of course, owing to the depletion of the cash on hand by the steady run made on us for a week past. We could have raised money here by pressing the debtors of the bank, but as this would have involved a great deal of suffering and embarrassment, we concluded to close the doorsunti the money market had regained its normal condition, or until the present furry is over. The depositora of the bank are amply protected. There is considerably over a dollar in assets for every dollar of liabilities." The suspension has had no effect whatever on the other banke. At the San Bernardino National Bank some very heavy deposits have been made while the withdrawale were no larger than usual. There is no doubt that the bank will resume. READY TO RESUME. SAN BERNARDINO, Cal., June 23.-[By the Associated Press.]-The Firet National Bank of San Bernardino, which closed doors this morning, will reopen again tomorrow morning.

4. June 25, 1893 New-York Tribune New York, NY
Article from New-York Tribune, June 25, 1893

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THE BROKEN PACIFIC COAST BANKS. BAD MANAGEMENT IN SAN FRANCISCO-SIGNS OF IMPROVEMENT VISIBLE. San Francisco, June 24.-The Concrete opinion of the bankers of San Francisco is that the Pacific Bank was compelled to suspend payment because It made unwise Investments In securities from which it could not get out its money. and that the People's Home Savings Bank was compelled to suspend because it had not on hand coin enough to stand the run sure to follow the announcement of the suspension of the Pacific Bank, its business associate. In other words. the failure of the Pacific Bank was not more due to the present financial troubles than to fundamental weakness in Its management. The flurry seems to have passed in this city, and no anxiety is felt that other banks will succumb. Bankers say they have ample funds to meet all demands. The run on the Union Savings Bank continues to-day, though with less excitement than yesterday. There was also a run on the Hibernia Bank to-day. Seattle, Wash., June 24.-A special from New Whateom says: Inability to realize on gilt-edge securities forced the Columbia National Bank to close its doors yesterday morning. Their assets are placed at $226,762. with liabilities not exceeding $100,000. Confidence is felt In the other banks and no further trouble Is expected. The Columbia Bank Is capitalized at $100,000. The Controller of the Currency has been advised and will take charge of the affairs of both the Columbia and the First National, which suspended yesterday. The cashier of the falled First National Bank says the assets are $428,000: liabilities, $110,000. San Bernardino. Cal., June 23.-The First National Bank closed its doors yesterday after undergoing a run for the last five days. Washington, June 24.-Controller Eckels this mornIng received a telegram from the San Bernardino Bank asking permission to reopen. He answered that he would consider the request when his examiner made Bank Examiner Lazaer, who is at Los report. Angeles, has been directed to take charge of the San Bernardino Bank. while Mr. Wightman, the examiner "ii San Francisco. will relleve bim at the first named place. Bank Examiner Clarey, of Tacoma, has been directed to go to New-Whatcom. Application has been received by Controller Eckels from all the banks in Spokane requesting him to allow the Washington National Bank of Spokane to reorganize. The Board of Trade of San Diego, Cal., and the president of the dispended First National Bank of that place, have requested that the bank be allowed to resume busttress. The request will be considered when the exuniner's report Is in. Los Angeles, Cal., June 24.-The East Side Bank opened Its doors this morning. This 13 the first of the closed banks to resume. A feeling of confidence has returned. The other banks will open on Monday, except the City Bank, which is in the hands of a recelver.

5. June 29, 1893 River Falls Journal River Falls, WI
Article from River Falls Journal, June 29, 1893

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IN a fire that destroyed the Bunnel block in Duluth, Minn, four persons were burned to death. JUDGE GRANT decided in favor of Sacramento and against San Jose in the California capital removal case. BANKS suspended at Santa Anna, Cal., San Diego, Cal., Pomona, Cal., Ontario, Cal., and Greenville, Mich. FOR cause unknown Jacob Hajaneki, of Akron, O., fatally shot his wife and then stabbed himself fatally. FRANK TEMPLEMAN and Dave Kendall while working in a well near Morehead, Ky. wereovercome by gas and both were killed. AT Nashville, Tenn., B. T. Rhea & Son, grain dealers, failed for $100,000. AT the age of 131 years Mrs. Angeline Demarrie died at Chippewa Falls, Wis. CHARLES PIELLAS' jewelry store in Lansing, Mich., was robbed by two men of diamonds valued at $160,000. FOR 50 miles a cyclone swept across the counties above Atlanta, Ga., wrecking many buildings and ruining crops. THE Columbia bank at New Whatcom, Wash., State bank at Minneapolis, Minn., First national bank at San Bernardino, Cal., and the People's home savings bank at San Francisco closed their doors. PETER BOILLOT and his wife were fatally injured at Beatrice, Neb., by being thrown from their carriage. FIRE wiped out the business portion of Leonardsville, Kan. FLAMES burned the business part of the village of Mount Sterling, O. ONE of Chicago's oldest liverymen, Leroy Payne, failed for $250,000 IN St. Paul the Red River Elevator company, having a line of elevators through Minnesota and North Dakota, failed for $494,000. ON the Utah sheep herds in the plateau country in Colorado several hundred sheep were killed by bombs, and the cattlemen and settlers had once more started on a warfare. IN Chicago the American Derby, worth $50,000 to the winner, was captured by Boundless, owned by J. E. Cushing, of St. Paul. The time was 2:36. FLAMES destroyed John M. Wave field's lumber yards at Omaha, Neb. causing a loss of $300,000. ON the Eastern Minnesota a freight train was wrecked by a cow near Partridge, Wis., and Engineer Ingersoil and Brakeman McNanny were killed and Fireman Reilly and Conductor Hall were fatally injured. The property loss was $100,000. ON the world's fair grounds forty-one persons have been accidentally killed since the construction of the buildings commenced. THREE brothers named Early were united in marriage near Denison, Tex., to three sisters named Parker, and the event wound up with the mother of the girls marrying the father of the boys. NEAR Mount Washington, O., an engine left the rails on a trestle and Conductor David Homan and Fireman Philip King were fatally injured. THE breaking of a levee near Ascension, La., ruined some fifteen sugar plantations, the loss being $1,000,000. JOHN C. KOCH. republican candidate for mayor of Milwaukee, defeated Garret Dunde, democrat, by 3,500 votes.

6. July 22, 1893 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, July 22, 1893

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THE WORST IS OVER. Comptroller Eckels Thinks the Money Crisis is About Passed. WASHINGTON, D. C., July 21.-Secretary Carlisio will not be at the treasury department until to-morrow morning, Mr. Eckels, the comptroller of the eurrency, is still of the opinion that the worst is over. The fate ot a majority of national banks that are insolvent represent nothing more serious than temporary inability to pay out unusual sums of money that could have been provided had panic stricken stockholders given reasonable notice. The day was opened propitiously by instructions of two California national banks-the First of San Bernardino, and the First of Santa Anna-to reopen their doors for business. The comptroller also received notice that the Second National Bank, of Ashland, Ky., which closed its doors June 27, reopened for business on July 19, having complied with the requirements of the law. Reports received from nearly all the national banks in New York City show them to be in excellent condition, notwithstanding the great demands that have been made on them. A statement of the condition of the Brooklyn national banks on July 12 under the call for a statement showing their standing at the close of business on that day shows that the reserve amounted to 27.01 per cent and resources $17,587,553. Twenty-five per cent is considered an excellent showing.

7. July 22, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, July 22, 1893

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BANKING ONCE MORE. The First National of San Bernardino Resumes Business. SAN BERNARDINO, July 21.-Promptly at 10 o'clock this morning the First National Bank of this city reopened its doors for business in accordance. with the authority granted by Comptroller of Currency Eckles. At the paying-out counter over $100,000 in gold was displayed, besides a large amount of greenbacks and silver coin. At 11 o'clock less than $50 had been paid out to depositors and $12,412 had been taken in. There is not the slightest disposition manifest among the depositors to withdraw their money, and the unusual good feeling prevailing has led many to open new accounts with the bank. Prominent business men are continually dropping in to congratulate the officers of the bank, who wear smiling faces. The craze which led up to the run on the banks here has entirely died out, and there are no indications of a repetition of the past unfortunate experiences. SANTA ANA, July 21. - The First National Bank of Santa Ana will open its doors for business to-morrow morning with $100,000 on hand. Comptroller Eckles says its condition is such as to command the fullest con fidence of the people, a fact Santa Ana peo pie have always appreciated.

8. July 22, 1893 The Sun New York, NY
Article from The Sun, July 22, 1893

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CONDITION OF NATIONAL BANKS. Excellent Showing by the Banks In New York and Brooklyn, WASHINGTON. July 21.-Secretary Carlisle will not he at the Treasury Department until to-morrow morning. Mr. Eckels, Comptroller of the Currency. is still of the opinion that the worst is over, and that the failure of a majority of the national banks which are insolvent represents nothing more serious than temporary inability to pay unusual sums of money that could have been provided had panic-stricken stockholders given reasonable notice. Instructions were sent to two Californian national banks-the First of San Bernardino and the First of Santa Ana-to reopen their doors for business. These banks have complied with the requirements of the law. and are reported by the Bank Examiner to be in satisfactory condition. with unimpaired capital. The Comptroller also received notice that the Second National Bank of Ashland. Ky., which closed its doors on June 27. reopened for business on July 19, having complied with the requirements of the law. The official statement of the condition of the national banks in New York city at the close of business on July 12 shows that the reserve held by the banks was 25.30-100 per cent.. or only 30-100 more than the legal requirement. Notwithstanding this apparently slight surplus over the amount to be held in reserve as required by law. Comptroller Eckels says that the New York city banks are in excellent condition and show a remarkable firmness. considering the extraordinary demands that have been made on them. A statement of the condition of the Brooklyn national banks on July 12 shows that their reserve amounted to 27.01 per cent., and resources $17,587,573.

9. July 22, 1893 New-York Tribune New York, NY
Article from New-York Tribune, July 22, 1893

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PERMISSION GIVEN TO RESUME BUSINESS. Washington. July 21.-Controller Eckels is still of the opinion that the worst is over, and that the failures of a majority of the National banks which are Insolvent represent nothing more serious than temporary Inability to pay out unusual sums of money, which could have been provided had panle-stricken stockholders given reasonable notice. The day was opened propitiously by instructions to two California National banks-the First of San Bernardino, and the First of Santa Anna-to reopen their doors for business. The Controller also received notice that the Second National Bank of Ashland, Ky., which closed Its doors June 27, recpened for business on July 19. The Controller to-day appointed John P. Hopkins receiver of the Chemical National Bank of Chicago. Reports received from nearly all the National banks in New-York City show them to be in excellent condition. A statement of the condition of the Brooklyn National banks on July 12 shows that their reserves amounted to 27.01 per cent. and their resources $17,587,573. Twenty-five per cent is considered an excellent showing. The Controller has ordered a dividend of 30 per cent in favor of the creditors of the Evanston National Bank of Evanston, III.

10. July 27, 1893 The Middleburgh Post Middleburg, PA
Article from The Middleburgh Post, July 27, 1893

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Financial and Commercial. ADA, O.-The Citizens' Bank the most prominent in Hardin county, has failed. MADISON. Isp.-The Carrollton Woolen Mill Co., has assigned with liabilities of $7.000. The Nashville, Chattanooga and St. Louis Railway Company has declared a dividend of 14 per cent., payable August 1. The McNamara Dry Goods Company, of Chicago has suspended. It was among the largest houses of its kind in the West. POMONA, CAL-The People's Bank has re. opened with plenty of coin. Only #4 were drawn out the first hour, Deposits were liberal. PARKER, KAN.-The State Bank has failed. STERLIN, CoL-The Bank of Sterlin has assigned. BUZEMAN, Mosr -The Bozeman National Bank has closed. YATES CENTER, KAN.-The Woodson State Bank has'suspended. HUTCHINSON, KAN.-The Hutchinson National Bank has closed its doors. ASPEN. CoL-The J. B. Wheeler Banking Company and the Pioneer Bank have failed OKLAHOMA City-The Bank of Oklahoma City and the Oklahoma National Bank have succumbed to runs and failed. FORT SCOTT, KAN.-The First National Bank the oldest financial institution in Southeastern Kansas suspended payment. ASHLAND, KY.-The Second National Bank which suspended three weeks ago. resumed business Thursday. CHICAGO.-The Chemical National bank will not resume business. The reasons given are the stringency of the money marketand the inability of some stockholders to meet the assessments which would be levied up. on them if the bank resumed. KANSAS CITY, KAN.-The Citizens bank, the Bank of Richmond and the Farmers and Merchants bank at Ossawattomie, also of Kansas, all private institutions, closed their doors. HAREISONVILLE, Mo.-The First National Bank of Harrisonville, suspended payment and is in the hands of the Comptroller of the Currency, NASHUA, N. H.-The Security Trust Comrany closed its doors. It promises to pay depositors in full. ANTHONY. KAS.-The First National Bank and the First National Bank of Calago City, Col., have suspended. THE Bank of Bellville, Republic county, Kan., a private institution with $20,000 capital, has failed. NATIONAL bank examiners have recommended to the Comptroller that the First National Ban 1 of San Bernardino, Cal., which recently failed. be allowed to reopen at once, its affairs being in good condition. New YORK-Charles M. Preston, state bank examiner, reports the banks of this state to be in a good condition generally and be anticipates no failures.

11. November 9, 1894 The Morning News Savannah, GA
Article from The Morning News, November 9, 1894

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A SAN BERNARDINO BANK SHUT. Depositors Organize a Run and the Suspension Follows. San Bernardino, Cal., Nov. 8.-The First National bank of this city closed its doors this morning. A quiet run was organized that went all day yesterday. Nothing was thought of it, but on opening this morning the rush commenced and Cashier Kohl closed the doors and posted the notice to protect all depositors. The bank was doing the largest business in the city, 1

12. November 9, 1894 The Providence News Providence, RI
Article from The Providence News, November 9, 1894

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Short of Funds. SAN BERNARDINO, Cal., Nov. 9.-The First National bank closed its doors yesterday because of a lack of funds. The directors state that the withdrawal of large sums of money by a few heavy depositors brought on the failure.

13. November 16, 1894 Essex County Herald Island Pond, Guildhall, VT
Article from Essex County Herald, November 16, 1894

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NEWS CONDENSED. Terse Dispatches From All Over the Country. The Star cottouseed mills at Memphis, Tenn., were turned. Loss $300,000, insurance 1:52,000. The Detroit Bay City & Alpena Railway in Michigan was said to the bondholders of the road for $1,000,000. An examination of the Star County, Ohio, treasurer reveals a deficiency of $19,141 in the accounts of ex-Treasurer Mandru. William Cruz was shot and killed in an election riot in South America, by Thomas Jones. Will Jones and Tom Buchanan were killed by the son of Thomas in an election riot in Wise County, Va. The murderers escaped. The First National Bank of San Bernardino, Col., has closed its doors A qu.et run was organized that went ou all day. Nothing was thought of it. but on opening next morning a rush commenced and Cashier Kohl closed the doors. The bank was doing the largest business 10 the city. The Union League Club of New York, has made the Rev. C. H. Parkhurst an honorary member. Dr. Parkhurst is the first elergyman to enjoy this distinction. There are only a dozen honorary members in the Union League, and they include such people as President Harrison and L. P. Morton. W. E. Gates' store at Glastenbury, Conn., was destroyed by fire. It contained the postoffice and a large hall. The fire was undoubtedly caused by burgiars, as the safe was found blown open and all the stamps and money taken. The building was worth $7,000; insured for $3,500. Mr. Gates stock of goods was valued at $6,000; insured for $4,000. All the mail matter in the postoffice was destroyed. A large-sized Texas steer, mad with fury, broke loose from the East Buffalo, New York, stockyards and for several hours tore madly through East side streets. Mounted policemen soon opened a bombardment upon the animal with their revolvers. Two of the shots took effect, but they served only to heighten the fury of the beast. Six innocent COWS however, were killed by the shots. A well-directed shot between the eyes finally killed the animal and ended a bull fight as exciting as any ever seen in the arenas of Mexico or Spain and a great deal more dangerous.

14. November 21, 1894 The Star Reynoldsville, PA
Article from The Star, November 21, 1894

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LATE NEWS IN BRIEF. Items of Interest from Many Places For Hasty Reading. CAPITAL AND LABOR. The trouble with the dock laborers at New Orleans is about ended. Frank A. Knowles, a Salem, O., harness manufacturer assigned with liabilities 01 $4,200 and assets unknown. Depositors of the broken First Nationa Bank of San Bernardino, Cal., are arranging to run the bank themselves. The block coal miners of Brazil, Ind., declare that they will not go out, even if a strike should be ordered by President MeBride. Samuel Gompers. president of the American Federation of Labor, has gone to Chicago to aid union cloakmakers their in winning their strike.

15. November 23, 1894 The Herald Los Angeles, CA
Article from The Herald, November 23, 1894

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THAT SUSPENDED BANK. An Attempt to Aid the San Bernardino Institution. In referring to the suspended First National bank of San Bernardino the other day N. J. Levinson of the Daily Sun of that city said "that it seems likely that the depositors will arrange to rehabilitate the bank soon. It is understood that the stockholders will not stand in the way and that they will place their stock in escrow for a certain length of time. Thus the principal debts of the bank will be temporarily provided for. The intention of the stockholders is to put new capital into the concern, put it on a sound basis and build it up."

16. January 25, 1895 The Morning Call San Francisco, CA
Article from The Morning Call, January 25, 1895

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ALL DEBTS TO BE PAID. Propositions for the Settlement of a Sun Bernardino Bank's Affairs. SAN BERNARDINO, Jan. 24.-A. D. Lynch, the special representative of Comptroller Eckels, has been investigating the affairs of the First National Bank and interviewing the directors and stockholders and other bankers. There are four propositions which may be considered, viz.: The purchase by either the Farmers' Exchange or the San Bernardino National Bank, liquidation by the defunct bank or the appointment of a receiver. Mr. Lynch is authorized to arrange matters unless they are too complicated, in which event it will be referred to the Comptroller by wire. It is probable that the fate of the bank will be settled this week. It is the general impression that the depositors will be paid promptly and the stockholders realize nearly if not all their investment.

17. January 30, 1895 The Record-Union Sacramento, CA
Article from The Record-Union, January 30, 1895

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San Bernardino National Bank. SAN BERNARDINO, Jan. 29.-Negotiations with the local banks to liquidate the affairs of the First National Bank failed. Comptroller Eckels to-day wired the appointment of Bank Examiner Wightman as temporary receiver, with full power. Special Agent Lynch left for San Diego this afternoon.

18. January 31, 1895 The Herald Los Angeles, CA
Article from The Herald, January 31, 1895

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MONEY STOCKS AND BONDS, Facts and Figures Ament the Building Boom. Gossip About Banks and Other Financial Concerns. Closing Prices of the Leading Stocks and Bonds-Poreign and Do mestie Exchange. Los ANGELES, Jan. 30. The recently published statement that a Chicago syndicate is behind the parties who have recently been securing leases on corner property on Broadway and other business streets, with a view to erecting business blocks, lacks confirmation. Mr. I. A. Pirtle, who is interested in several of these leases, emphatically denies the report that he or his partners are representing any syndicate or persons other than themselves. Mr. Pirtle says Mr. Hallett and himself are the sole lessees of the southwest corner of Fourth and Broadway, and Mr. Hanna is the only person interested with him in the lease of the northeast corner of Third and Broadway. Messrs. Pirtle & Hallett get possession of the Fourth street coiner February 1st and will immediately therewfter begin building opera. tions. Possession of the Third-street ner can not be had before September. THE BUILDING BOOM. Building permits continue to be issued at the rateof about five per day. Most of these are for dwomings. Permits for a imber of large business blocksin contemplation have not yet been applied for. The Builder and Contractor publishes this week over $260,000 of uncontracted work in the hands of th architects. CLEARING HOUSE STATEMENT. Following are the bank clearings for the week to date: Balances. Exchanges. Day. 22 89 $26,892 Monday $159,816 49,925 75 153,600 54 Tuesday 02 43,353 Wednesday 152,773 68 SAN BERNARDINO'S CLOSED BANK. Speaking of the appointment of Bank Examiner Wightman as temporary receiver of the First Nationa bank of San Bernardiuo, the Times-Index says: The action of the comptroller in appointing a temporary receiver is doubtless due to the fact the bank has been closed 80 long that it is due to all concerned that there should be no further delay in the process of liquidation. The temporary receiver is clothed with all the powers of & permanent receiver and will go on with the settlementof the affairs of the bank as though he WAS to remain and the permanent receiver wh 0 appointed will take up affilis where ne left off. He is now in charge as such r ceiver and not as bank examiner. We understand that the committee of depos. itors have recommended E. D. Elliott, ate bookkeepe of the Fir t National and now holding A milar position with the All Bernardino National, for perm ment receiver. Two of the directors, Judge W. J. Curtis and M. B. Garner, stated thatthey endorsed the selection. It is probable that there will be further recommendations from parties resident hera, and it may be that the comptroller will usider it wise to appoint som one from outside, though on many are unts the appointment of a home man is more desirable. No receiver, whether appointed from among the local parties recommended or from abroad, will be unnecessarily severe in handling the securities of the bank. The efforts of the receiver will be to handle the securities to the best, advantage with the least possible hardship to the parties. Mr. Wightman has become SO familiar with affairs O. the bank waile inves igating it RS examiner that he ean go on and accomplish much that was needed to be done while acting in his temporary capacity. PASADENA'S WATER SUP PLY. The annual statement of the Pasadena Lake Vineyard Land and Water company, which controls nearly the whole of Pasadena's water supply says the phenomenal gro wih of Pasadens calls for energetic action on the part of the directors to keep pace with the increasing demand for water, looking forward to the time when the city shall contain 40,000 or 50,000 inhabitants. The work of tunneling under Richardson and Wilson springs is reviewed and the statement made that at the close of 1894 H, gain of 99 miner's inches had been the result of the development: which, with the former flow from the F.utter-wheel springs tunnel, the Ivy and Tibbett's springs, VIZ., 178 miner's inches, makes a total of 277 miner's inches, 7-10 of that amount as "our preportion being equal to 2,512,944 gallons per day, a sufficient amount to supply & population of 6000 persons or 1200 families with 418 gallons per capita per day. Statistics from other cities show that in 1894, Pailadelphis used 160 galloas per capita per day, Chicago 150, New

19. February 7, 1895 The Herald Los Angeles, CA
Article from The Herald, February 7, 1895

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Bank Receiver Appointed. WASHINGTON, Feb. 6.-The comptrolier of the currency has appointed William J. Broderick receiver of the First National bank of San Bernardino, Cal.

20. April 23, 1895 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, April 23, 1895

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Will Be Paid a Dividend. SAN BERNARDINO, CAL., April 22.Receiver Broderick of the First National Bank announced to-day that the depositors of the bank could be paid a dividend of 20 per cent between the 15th and 20th of May next. This will amount to a little over $30,000.

21. June 15, 1895 The Herald Los Angeles, CA
Article from The Herald, June 15, 1895

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Sued for a Big Sum The suit of William J. Broderick, as receiver of the First National bank of San Bernardino against Joseph Brown, formerly president of the bank, for $15,000 borrowed from the institucion upon notes, is on trial in the United States circuit court. The defendant sets up a counter claim of $20,500, which he says was a loan to the bank when it was in financial stress. The plaintiff maintains that it was a voluntary assessment. and similar in its nature to those of other shareholders who wanted to prevenu the bank from going to the wall.

22. August 23, 1896 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, August 23, 1896

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HOTEL DEL CORONADO. Among the prominent San Francisco guests now at the hotel are Mrs. L. Hermann and daughter, Mrs. William Burling, Miss Burling, grand-daughter of Mrs. Hermann, and the Misses Lolita and Norma Burling, her great-granddaughters. Miss Cornelia O'Conner is the guest of the Misses Rossington, daughters of Solicitor W. H. Rossington of the A. T, and S. F., who are summering at Hotel del Coronado. S. C. Pardee of San Francisco is one of the popular young society men here at present. Mrs. E. P. Wilder, Mrs. W. H. Patton and Miss E. D. Patton are San Franciscans recently arrived, Albert M. Johnson, Mrs. Johnson and child, Master Lawrence Johnson and Miss Mary Crese are Sacramento guests who are spending August at the hotel. Major Hooper of the Occidental is recuperating at Coronado after his recent severe illness and gaining at the rate of a pound a dav. Miss Hooper, who accompanies her father, is enjoying the social life at Coronado. Mr. and Mrs. E. W. Runyon of Red Bluff entertained with a delightful tally-ho party on Monday, following the boulevard around the bay and picnicking in one of the orange groves. On a recent musical evening little Miss Holterhoff, daughter of Godfrey Holterhoff, treasurer of the Southern California Railroad Company, entertained the guests with an exquisite rendering of "O Promise Me" in her sweet childish voice, responding to an enthusiastic encore with "Little Alabama Coon." Mrs. Otheman Stevens, wife of the well-known Los Angeles newspaper man, is here accompanied by her little daughter. W. S. Gilmore of the Pasadena Town Talk is a visitor here. Senator and Mrs. James McCudden of Vallejo spent Sunday at the hotel. E. F. Dickins of the United States Coast Survey was here for a few days early in the week. A small party of guests from the hotel visited San Luis Rey on Sunday morning, attending service at the mission. A paivate-car party, including W. B. Biddle, general freight and traffic manager of the Atchison, Topeka and Santa Fe system, Chicago, Mrs. Biddle, three children and Mrs. George Frost of Milwaukee are enjoying life at Coronado-by-the-Sea. A weekly intrenchment drill is performed by Company H of the First Infantry, U. S. A., Lieutenant Noble commanding, at the North Island Coronado on Thursdays. The Rev. W. J. Chichester of the Presbyterian church of Los Angeles is staying at the hotel during his summer vacation accompanied by his family. Fishing for canes is the latest fad at Coronado. The lines are baited for shark. Two gentlemen caught ten the other morning from the wharf varying from six to ten feet in length, and including the dog, tiger and leopard varieties. The backbones only are converted into canes. A picturesque blue-overall brigade, whichin-cludes little misses of from 2 to 6 summers, is marshaled daily on the sands by the attendant maids. The accouterments include buckets and shovels. The family of Colonel William E. Sinn, the veteran theatrical manager and proprietor of the Park and Montauk theaters at Brooklyn, N. Y., is making a three months' visit at Coronado. Charles Nordhoff, the well-known journalist, whose home is at Coronado, has become a disciple of the wheel, and may be seen every afternoon exercising on the avenue. Judge J. M. Bonner of New Orleans, accompanied by his handsome niece, is summering here, William J. Broderick, receiver of the First National Bank, San Bernardino, and a party of twenty friends are enjoying a fortnight's outing at Coronado. Crosby S. Noyes, editor of the Washington (D. C.) Evening Star, is here, accompanied by his family. Miss Noyes of Washington, D. C., gave a bowling party and Welsh rarebit supper on Wednesday evening. The guests were Mrs. Jardine, Miss Hubbard and Miss Shoemaker, Pasadena; the Misses Rossington, Topeka; Miss Burling and Miss O'Connor, San Francisco; the Misses Adams, Detroit; Messrs. Oakley, Chicago; Ely, Cincinnati; Pardee, San Francisco; Shoemaker, Jardine and Strange, Pasadena; and McKenzie, Coronado. The evening passed delightfully. Miss Burling carried off the ladies' first prize, Mr. McKenzie the gentlemen's, and Mr. Oakley the consolation prize.