Standard National Bank (New York, NY)

Episode Information

Episode UID
500301106
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
50030 national
Charter Number
5003
Start Date
February 1, 1892*
Location
New York, New York (40.714, -74.006)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
860c14a80ec8db69

Response Measures

None

Description

Article 11 explicitly states the bank 'went out of existence' in May 1898; other articles discuss general New York specie payment conditions in 1896.

Events (5)

1. February 1, 1892* Suspension
Cause
Macro News
Cause Details
Refusal to supply gold for export and government dues to protect reserves.
Newspaper Excerpt
The banks are contemplating the resumption of specie payments, which they suspended in February, 1892
Source
newspapers
2. June 12, 1895 Chartered
Source
historical_nic
3. November 9, 1896 Reopening
Newspaper Excerpt
The banks are contemplating the resumption of specie payments
Source
newspapers
4. April 26, 1898 Voluntary Liquidation
Source
historical_nic
5. May 9, 1898 Other
Newspaper Excerpt
The Standard National Bank of New York went out of existence.
Source
newspapers

Newspaper Articles (11)

Article from Santa Fe Daily New Mexican, November 9, 1896

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Article Text

PLENTY OF GOLD IN NEW YORK The Gotham Banks Contemplating Resumption of Gold Payments and Thus Relieving Treasury. GOLD WILL BE PUT INTO CIRCULATION Wheat Market Broke Season's Record This Morning-December Jumped to Over 80 Cents-Rise Not Attended by Excitement. New York, Nov. 9. -The banks are contemplating the resumption of specie payments, which they suspended in February, 1892, by refusing to supply gold for export and for the payment of government dues. That action threw the burden of supplying gold upon the treasury and eventually forced the issue of bonds by the government. Since election the yellow metal has been coming into the banks in a flood. By this action of the banks, gold will be put into circulation, and no reason whatever will exist for hoarding it. They will also resume the task of supplying gold for export and thus relieve the treasury of a great strain.


Article from Deseret Evening News, November 9, 1896

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Article Text

WILL RESUME SPECIE PAYMENT, The Banks will Supaly Gold and ReHeve the areasury, NEW YORK, Nov. 9,-The banks are contemplating the resumption of specie payments which they suspended in February, 1892, by refusing to supply gold for export and for the payment of government dues. That action threw the burden of supplying gold upon the treasury, and eventually forced the issue of bonds by the government, which aroused so much complaint. Since the election, the metal has been coming into the banks in such a flood that they see their way clear to what can be ternied re. sumption of specie payments. By this action of the banks, gold will be put into circulation and no reason whatever will exist for hoarding it. They will also resume the task of supplying gold for export and thus relieve the treasury of a great strain.


Article from The Topeka State Journal, November 9, 1896

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Article Text

BANKS WILL PAY OUT GOLD They Will Relieve the Treasury of the Burden it Had. New York, Nov. 9.-The banks are contemplating the resumption of specie payments, which they suspended in February, 1892, by refusing to supply gold for export and for the payment of government dues. That action threw the burden of supplying gold upon the treasury and eventually forced the issue of bonds by the government which aroused SO much complaint. Since the election gold has been coming into the banks in such a flood they see their way clear to what can be termed the resumption of specie payments. By this action of the banks gold will be put into circulation and no reason whatever will exist for hoarding it. They will also resume the task of supplying gold for export and thus relieve the treasury from the strain.


Article from The Dalles Daily Chronicle, November 10, 1896

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Article Text

Banks Feel the Effect of Restored Confidence. NEW YORK, Nov. 9.-The banks are contemplating the resumption of specie payments which they suspended in February, 1892, by refusing to supply gold for export and for payment of government dues. That action threw the burden of supplying gold upon the treasury, and eventually forced the issue of bonds by the government, which aroused so much complaint. Since the election the metal has been coming into the banks in such a flood that they see their way clear to what can be termed a resumption of specie payments. By this action of the banks gold will be put into circulation, and no occasion whatever will exist for hoarding it. They will also resume the task of supplying gold for export and thus relieve the treasury of a great strain.


Article from Pine Bluff Daily Graphic, November 10, 1896

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Article Text

THEIR WAY CLEAR Coming Into the Banks In a Flood. PTION OF SPECIE PAYMENT York Banks Are Contemplating Move-They - Suspended Such stent In February, 1892, by Reto Supply Gold For Export-Facnd Shops Running Full Time. YORK, Nov. 10.-The banks are W implating the resumption of specie ents, which they suspended in arry, 1892, by refusing to supply for export and for the payment of mment dues. That action threw borden of supplying gold upon the Sary and eventually forced the issue bonds by the government, which red SO much complaint. Since the metal has been coming into the firs in such a flood that they see their clear to what can be termed the reotion of specie payments. By this of the banks gold will be put on circulation and no reasons whatwill exist for hoarding it. They also resume the task of supplying for export and thus relieve the stray from the strain.


Article from Semi=weekly Graphic, November 11, 1896

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Article Text

# SEE THEIR WAY CLEAR Gold Coming Into the Banks In a Flood. # RESUMPTION OF SPECIE PAYMENT New York Banks Are Contemplating Such a Move-They Suspended Such Payment In February, 1892, by Refusing to Supply Gold For Export-Factories and Shops Running Full Time. NEW YORK, Nov. 10.-The banks are contemplating the resumption of specie payments, which they suspended in February, 1892, by refusing to supply gold for export and for the payment of government dues. That action threw the burden of supplying gold upon the treasury and eventually forced the issue of bonds by the government, which aroused so much complaint. Since the election metal has been coming into the banks in such a flood that they see their way clear to what can be termed the resumption of specie payments. By this action of the banks gold will be put into circulation and no reasons whatever will exist for hoarding it. They will also resume the task of supplying gold for export and thus relieve the treasury from the strain.


Article from Morning Appeal, November 12, 1896

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Article Text

ACKNOWLEDGING THE CORN. The following dispatch from New York shows how the banks worked a conspiricy to compel the Government to issue bonds by which they were able to clean up several million dollars. The dispatch reads: The banks are contemplating the resumption of specie payments, which they suspended in Feburary 1892, by refusing to supply gold for export and for the payment of government dues, This action threw the burden of supplying gold upon the treasury and eventually forced the issuing of bonds by the Government, which arroused so much complaint, Since the election the metal has been coming into the banks in such a flood that they see their way clear to what can be termed a resumption of specie payments. By this action of the banks the gold will be put into circulation and no reason whatever will exist for hording it.


Article from Custer Weekly Chronicle, November 14, 1896

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Article Text

A New York special notes among the many good signs of the times resulting from the election of McKinley, that the banks are contemplating the resumption of specie payments which they suspended in February, 1892, by refusing to supply gold for export and for the payment of government dues. Since the election the metal has been coming into the banks in such a flood they see their way clear to resume specie payment. By this action of the banks, the metal will also be put into circlation and no reason whatever will exist for hoard ing it. They will also resume the task of supplying gold for export and thus relieve the treasury from the strain This is only one of the many good "signs of the times."


Article from Pullman Herald, November 14, 1896

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Article Text

WILL RELIEVE THE TREASURY. New York Banks Contemplate the Resumption of Specie Payments. New York, Nov. 9.-The banks are contemplating the resumption of specie payments, which they suspended in February, 1892, by refusing to supply gold for export and for payment of government dues. That action threw the burden of supplying gold upon the treasury and eventually forced the issues of bonds by the governemnt which aroused so much complaint. Since the election the metal has been coming into the banks in such a flood that they see their way clear to what can be termed resumption of specie payments. By this action of the banks gold will be put into circulation, and no reason whatever will exist for hoarding it. They will also resume the task of supplying goll for export, and thus relieve the treasury of a great strain.


Article from The Hawaiian Gazette, November 20, 1896

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Article Text

CIRCULA TION OF GOLD, New York Banks May Soon Resume Specie Payments. NEW YORK, Nov. 9th.-Banks are contemplating the resumption of specie payments, which they suspended in February, 1892, by refusing to supply gold for export and for the payment of Government dues. That action threw the burden of supplying gold upon the Treasury, and eventually forced the issue of bonds by the Government which aroused so much complaint. Since the election gold has been coming into the banks in such a flood that they see their way clear to what can be termed the resumption of specie payments. By this action of the banks gold will be put into circulation and no reason whatever will exist for hoarding it. They will also resume the task of supplying gold for export and thus relieve the Treasury of a great strain.


Article from Vilas County News, May 9, 1898

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Article Text

DOMESTIC. Chicago May wheat, $1.221/2. A panic occurred in San Francisco theater. The steamer Servia was burned on Lake Superior. John Y. McKane was released from Sing Sing prison. is missing. It is alleged he has disappeared with the money. The Standard National Bank of New York went out of existence. Philadelphia offers $10,000 to her ball players if they win the pennant. Charles P. Doxey, one of the bestknown politicians of Indiana, died in Andersor. Michigan came out victorious in the third annual debate with the University of Chicago. Judge Thomas A. Dyson of the sixth judicial district of Wisconsin died at La Crosse as a result of a fall. Senator Gorman resigned as chairman of the democratic caucus and was succeeded by Senator Turpie. Six men were killed by an explosion at the Atlantic Dynamite company's works near Dover, N. J. J. Fred Meyers, editor of the Denison (Iowa) Review and an old-time newspaper man, died at Denison. A decision by the North Dakota supreme court will have a tendency to check the wholesale divorce business. A combination of the Arbuckle coffee concern and the Havemeyer sugar interests is reported as very probable. Daniel Bitner, one of the wealthiest and best-known men in Kansas, died at Emporia. He was 80 years of age. The Knights Templar triennial conclave scheduled to be held at Pittsburg this year may be postponed because of the war. Samuel Nichols, managing editor of the Buffalo Times and until recently pension agent of Buffalo, died. He was 55 years old. Gov. Black signed the bill erecting the new county of Nassau out of that part of Queens county not included in greater New York. Eight persons were killed and over $100,000 worth of property was wrecked in a cyclone which swept over Iowa and southwestern Dakota. 3 Andrew Nelson and wife were murl dered by robbers at Black Earth, Wis. Wm. Beston and Wm. Fuller confessed and went to prison for life. Robbery was the motive. A United States senator said that the bribery charges against Senator Hanna made by the Ohio legislature would not be taken seriously by the senate. The announcement of the engagement of George W. Vanderbilt to Miss Edith Stuyvesant Dresser evoked much favorable comment in New York society. The Illinois supreme court declared that the senatorial redistricting act, passed at the recent special session of the legislature in January, was unconstitutional. The president nominated Gen. Michael Kerwin to be pension agent at New York, and Charles H. Treat to be collector of internal revenue for the second district of New York. Nearly 75,000 men have applied for enlistment in New York, and it is believed that city could supply the whole 125,000 men called for by the president for service in the war with Spain. Investigation is being made of the accounts of the Hampshire County National bank and the Hampshire County Savings bank, both of Northampton, Mass. There is reported a shortage of about $19,000 and the president Comptroller Coler reported to Mayor Van Wyck that the constitutional debt limit of greater New York is $246,312,000; that the actual debt is $50,193,246 in excess of the limit, $24,224,846 of which was owing by the old city of New York and $25,968,399 by the territory taken in by consolidation. As a result of a meeting of contractors holding New York city contracts 40,000 workmen were discharged. This is a result of the comptroller's decision that contract liability must be considered in estimating the city debt. As the city will not pay a