First National Bank (Hollidaysburg, PA)

Episode Information

Episode Type
Run → Suspension → Reopening
Start Date
December 14, 1896
Location
Hollidaysburg, Pennsylvania (40.427, -78.389)
Bank Type
national
Charter Number
57

Metadata

Response Measures

Capital injected, Full suspension, Books examined

Notes

Two small branches (Martinsburg and Williamsburg) closed and did not resume.

Events (5)

1. August 11, 1863 Chartered
Source
historical_nic
2. December 14, 1896 Run
Cause Details
Heavy withdrawals by depositors (no specific rumor or external failure cited).
Measures
Suspended payments; bank closed its doors after heavy withdrawals.
Newspaper Excerpt
The First National Bank of Hollidaysburg was compelled to suspend business this morning owing to a heavy run made by its depositors.
Source
newspapers
3. December 14, 1896 Suspension
Cause Details
Suspension of business due to heavy depositor withdrawals following the run.
Newspaper Excerpt
The First National Bank of Hollidaysburg was compelled to suspend business this morning owing to a heavy run made by its depositors.
Source
newspapers
4. January 27, 1897 Reopening
Newspaper Excerpt
The First National Bank of Hollidaysburg, which suspended payment December 14, 1896, ... has been permitted to reopen its doors for business. ... opened the bank with 100 per cent. of new capital.
Source
newspapers
5. March 1, 1917 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (19)

Article from Alexandria Gazette, December 14, 1896

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Bank Failures

HOLLIDAYSBURG, Pa., Dec. 14.The First National Bank of Hollidaysburg was compelled to suspend busi ness this morning owing to a heavy run made by its depositors. The Martinsburg Deposit Bank, of Martinsburg, and the Williamsburg Bank, of Wil liamsburg, have also suspended business. These two banks were branches of the First National Bank and were unincorporated.


Article from The Mena Weekly Star, December 16, 1896

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An Old Bank Suspends

HOLLIDAYSBURG, Pa., Dec. 15.-The First national bank of Hollidaysburg was compelled to suspend business this morning owing to a heavy run made by its depositors. This bank was organized in 1863, is capitalized at $50,000 and is one of the 57 oldest banks in the United States.


Article from The Guthrie Daily Leader, December 16, 1896

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Pennsylvania Banks Fail

HOLLIDAYSBURG. Pa.. Dec. 15.-The First National bank of this place, the oldest bank in this section of the state, and one of the original fifty-seven national banks in the United States. suspended business yesterday morning on account of heavy withdrawals of deposits. Two other banks. at Martinsburg and at Williamsburg, failed as a result of the first failure.


Article from The Enterprise, December 16, 1896

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FAILURE OF FOUR BANKS

Three Were in Pennsylvania and the Other in Illinois. HOLLIDAYSBURG, Pa., Dec. 15.-The First National Bank of Hollidaysburg was compelled to close Monday owing to a heavy run made by depositors. This bank was organized in 1863, is capitalized at $50,000 and is one of the 57 oldest national banks in the United States. The excitement over the closing of the First national bank has been intensified by news that the Martinsburg Deposit bank, of Martinsburg, and the Williamsburg bank, of Williamsburg, also suspended business. These two banks were branches of the First national bank and were incorporated. The officials say that the suspension is only temporary and that the three banks will resume business shortly. EDWARDSVILLE, III., Dec. 15.-The banking house of John A. Pickett & Son, of this city, made an assignment Monday. The causes assigned are heavy cash withdrawals during the panic times and the long illness of the senior partner. The assets and liabilities are not stated.


Article from Abilene Weekly Reflector, December 17, 1896

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An Old Bank Suspends

HOLLIDAYSBURG, Pa., Dec. 15.-The First national bank of Hollidaysburg was compelled to suspend business this morning owing to a heavy run made by its depositors. This bank was organized in 1863, is capitalized at $50,000 and is one of the 57 oldest banks in the United States.


Article from The Butler Weekly Times, December 17, 1896

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An Old Bank Suspends

HOLLIDAYSBURG, Pa., Dec. 15.-The First national bank of Hollidaysburg was compelled to suspend business this morning owing to a heavy run made by its depositors. This bank was organized in 1863. is capitalized at $50,000 and is one of the 57 oldest banks in the United States.


Article from The Cambria Freeman, December 18, 1896

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BLAIR county got an overdose of McKinley prosperity or. Monday when the First National Bank of Hollidaysburg, as well as the Martinsburg Deposit Bank, and the Williamsburg Bank, closed their doors. The officials of the respective banks say that the suspension is only temporary.


Article from The American Guide, December 19, 1896

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tained and the adjourned

PERSONAL AND GENERAL. organized COMPANY is being of the Ohio naA O., of members service in Cuba. RoToledo, for St. Agnes' tional guard occurred in in Pittsburgh, A PANIC Catholic church by the burstman Pa., on the steam 13th, pipe. caused but fortunately ing of was a injured. started on an- on no one CLEVELA expedition the PRESIDENT shooting will be 13th. the Annandale other the of duck This time Carolina. he club, Several on An- its guest in South visited the preserves the president given public but nandale years ago club and this time was he will avoid late reception, of that honor. his fiance, repetition OVER the grave of at Toledo, aged O. member Calvary Edmund cemetery. E. Wright, Toledo in on the 13th. of a prominent suicide. After the 20, family. a a committed bunch sent of a flowers bullet into on his toinb placing heart, Wright dying almost B. instantly. COOPER, States famed MRS. SARAH entire United zeal in works throughout her the untiring Miss Hatbecause of and her daughter. dead in bed on at of charity, were found Francisco, tie Cooper. in San both having their residence of the 11th, gas. All evithe morning asphyxiated by that Miss melancholia, Cooper. arose dence been tends to from show acute had fallen andwith ho suffered after her suicidal mother intent. turned asleep. on the gas. 12th the banks of New York rule. plague in from requirements been of the two 25-per-cent. London. fatal Bombay. cases The of the bubonic was imported many deaths resi- and general disease where it has panic caused among the native that says dents. WASHINGTON with dispatch Great Britain cover- for A negotiations of arbitration between the treaty English-speak.comple- difference naing the goods all two great advanced almost to Ill., tion. tions HON. have TRAVIS for PHILLIPS, Los had of Aurora Cal. to left ns far spend recently the as Reno. winter. taken Nev. from and when the he train, became and III and few was hours later. Hart. a Ia., pioneer was died a BON of George county. the mornA of Marshakilled. on whom he and the 13th. by house a and ing discovered with. farmer shot of instantly in the burglar of grappled Chicago the the Chinese, residents Confucius of on THE a temple to Foo. editor priest. opened Wong Chin as high Chinese an address for the 13th, Chimade 11e News, the Celestials neting outlining correspond con- the version plans of , Chicago. with a on the he IN an interview Madrid newspaper der stated that to for a Weyler in order ent Capt.-Gen. to Havana are Hocking had 13th, returned rebels who the Havana the sendisperse the province has of sent to Chas. terstate into THE followingermant. president nominations: to an vice inate the of commissioner. Lieu A. Proutty. commerce Second Massa G. Vensoy, resigned: H. Dimock, lieutenant of in the W. Frank first Also long service. navy, chusetts, tenant cutter to be in congress. the made 14th, list of recess of on the during the insane rage, Detroit, Mich., wife. IN a L. Chase. throat of throat 38, cut then cut wounding his 32, and car. fatally was aged aged Ernest eart fit of the of Times own G. his both. Conn purfrom Washington from John 11. on Hutchins. Oberly, placed in bank suspended chased, by Stil formerly THE the national 15th. charge. Indian 14th, Hon. commission- of Holli- made THE First Pa. on the heavy run to a The bank was at its 1863. oldest and is United ganized daysburowing business by in one of the capitalized States. well-known national $50. or in BUTLER, who 000, banks the had York been HENRY P. clubman. in New 14th. lawyer from and his home on the from an missing city was four found days. to returned be suffering will be need down attack He Iris said of grip. 50,000 the soldiers w insurrection in Capt. the ed to put Philippine st islandsomes schooner crew Edith. of 30 days men THE steam with a the 15th. nine from the fears aboard, Edwards, was. Tacom Fecate on Wash. sound. mis and hap had overdue Halibut banks at enter off tained her owing that some to the seTeleUnion on vere storms. in the building Western at Evansville, Frondrach graph FIRE Co.'s the dumaged of whose the Union factory not to any Bros.. Ind., occupies cigar the The top Western extent


Article from Chicago Eagle, December 19, 1896

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Old Bank Goen Down

The First National Bank of Hollidaysburg. Pa., the oldest bank in that section of the State. and one of the original fifty-seven national banks in the United States, suspended business Monday morning.


Article from Crawford Avalanche, December 24, 1896

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Old Bank Goes Down

The First National Bank of Hollidaysburg, Pa., the oldest bank in that section of the State, and one of the original fifty-seven national banks in the United States, suspended business Monday morning.


Article from The Globe-Republican, December 24, 1896

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senate. The Newark and Raleigh failed to overhaul the steamer Three Friends. A plot to break out of the Macon, Mo., jail was discovered and frustrated. The American Federation of Labor adopted stirring resolutions of sympathy for Cuba, and called upon Congress to recognize the Cubans. The French chamber of deputies passed the naval bill. A motion to reduce the term of military service to one year was defeated. The house passed the Atlantic and Pacific railway reorganization bill. The nomination of John H. Rogers to be judge for the Western district of Arkansas has been confirmed. J. S. Schofield of Albuquerque, N. M., has been appointed by the comptroller of the currency receiver of the Union National bank of Denver, Col. General Weyler, according to advices from Madrid. may be recalled soon and General Marin may succeed him. John Winston won the Dupont trophy and the live-bird championship of America. Dr. J. L. Williamson shot 191 out of a possible 200 live birds at Milwaukee, breaking the world's record. Hamburg dockers have lost their strike and returned to work. Ed Reed, desperate son of Belle Starr, was killed in a saloon at Claremore, Ind. Ter. Black envelopes. addressed in white ink, to carry bad bills, have been shut out of the mails. Alexander Salvini, the noted young actor, died in Italy, from consumption of the bov els. Nearly all the battle ship steel in the Newport News Ship Building Company's yards is faulty and may be condemned. Employes of the Illinois Central are taking stock in the road and it is believed this will prevent strikes in future. Patrick Coughlin was executed by shooting in Sage Hollow, Utah, for killing Deputy Sheriffs Staggs and Dawes in 1895. Some of the ministers of St. Louis have declared war against the South Side race track. and declare that they will not stop until it is closed. Ernst Chase, son of Dr. Chase of receipt book fame, cut his wife's and his own throat badly in an insane attempt at murder and suicide at Detroit. Vote of California for Presidential electors has been tabulated and shows the following totals: Republicans, 146.588; fusion, 144,766; Prohibition, 2,573. John Seward and William Trustee, the witnesses who perjured themselves in the Pearl Bryan case. were given two and one years respectively in the Kentucky "pen." Edward Clark and wife, mother and stepfather of Mary Stewart, who poisoned her husband, John P. Stewart, have been pardoned out of the Montana "pen," having been convicted on perjured evidence of their daughter. who later confessed and committed suicide. Enlisting in the United States for Cuban service is unlawful and is severely punishable. Washington officials have given out a hint that the law will be enforced. London Times makes several cracks at Senator Chandler for his off-hand recognition of Cub : says Uncle Sam's attitude is incorrect. dthe jingo senators should only provoke smiles in Spain The United States consulate in Havana is guarded because of fear of an attack by Spaniards. The last letter received by the New York junta from General Maceo recommended Ruiz Rivera as his successor in case of his death. The Republicans, it is claimed, expect to annex Hawaii at the next session. Senator Peffer introduced a resolution providing for a monetary commission of five members. For the last fiscal year the total receipts of the government were $400.475,408; expenditures $434,678,654. The House ways and means committee decided to open hearings December 28 on the extra session tariff bill and to continue them two weeks. Two Paris aeronauts intend to make an attempt to reach the North Pole in a balloon. First National bank, Holidaysburg, Pa.. failed, dragging down with it banks at Martinsburg and Williamsburg. Bessemer Steel pool will continue the organization with an open market, and make war on the recalcitrant Bellaire company. Fifty thousand Armenian children under 13 years of age were made orphans by the massacres.


Article from Evening Star, January 27, 1897

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Reopened for Business

The First National Bank of Hollidaysburg, Pa., which suspended payment December 14, 1896, having complied with the conditions imposed by the controller of the currency, and its capital stock being now unimpaired, has been permitted to reopen its doors for business.


Article from The Evening Herald, January 27, 1897

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Broken Hollidaysburg Bank Resumes

HOLLIDAYSBURG, Pa., Jan. 27.-National Bank Examiner Bingham, of Philadel. phia, acting under the direction of the comptroller of the currency, will today transfer the broken First National bank of Hollidaysburg to the new organization, which will open the bank with 100 per cent. of new capital. Prothonotary J. L. Hartman will be president and J. G. Swope, of Mt. Pleasant, Pa., cashier. This bank was closed by a run on Dec. 14. The Martinsburg Deposit bank and the Williamsburg bank, which were branches, will not resume.


Article from The Wilmington Daily Republican, January 27, 1897

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Broken Hollidaysburg Bank Resumes

HOLMIDAYSBURG, Pa. Jan. 27.-National Bank Examiner Bingham, of Philadelphia, acting under the direction of the comptroller of the currency, will today transfer the broken First National bank of Hollidaysburg to the new organization, which will open the bank with 100 per cent. of new capital. Prothonotary J. L. Hartman will be president and J. G. Swope, of Mt. Pleasant, Pa., cashier. This bank was closed by a run on Dec. 14. The Martinsburg Deposit bank and the Willlamsburg bank, which were branches, will not resume.


Article from The Copper Country Evening News, January 28, 1897

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Bank Permitted to Reopen

Washington, Jan. 28.-The First National bank of Hollidaysburg, Pa., which suspended payment Dec. 14, 1896, having complied with the conditions imposed by the comptroller of the currency, and its capital stock being now unimpaired, has been permitted to reopen its doors for business.


Article from Birmingham State Herald, January 28, 1897

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PERMITTED TO RE-OPEN

Washington, Jan. 27.-Two national banks which recently failed, have been permitted to reopen their doors for business after satisfying the comptroller of the currency that they have complied with all conditions imposed by him. They are the First National bank of Hollodaysburg, Pa., which suspended Dec. 14, 1896, and the Merchants' and Planter's National bank of Bryan, Tex., which suspended Dec. 23, 1896.


Article from The Roanoke Times, January 28, 1897

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TWO BANKS RESUME

Washington, Jan. 27.-Two national banks which recently failed have been. permitted to reopen their doors for business after testifying to the comptroller of the currency that they have complied with all regulations imposed by him. They are the First National Bank of Hollidaysburg, Pa., which suspended December 14, 1896, and the Merchants' and Planters' National Bank, of Bryan, Texas, which suspended December 23, 1896.


Article from The Cambria Freeman, January 29, 1897

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-Dr. John Isenberg, a prominent dentist, died suddenly at his home in Altoona on Friday morning. aged fifty-six years He had resided in Altoona for thirty-five years. His wife and three children survive. One son-George L.-is a passenger brakeman on the Pittsburg division of the Pennsylvania railroad. -The officers of the First National bank of Hollidaysburg, expect that the bank will resume business on Tuesday. January 27. All the claims will be paid in full and the capital of the bank restored to its legal amount. This was the information received by Comptroller Eckles, from the receiver who has been in charge of the affairs of the bank since it closed its doors in December. -The secretary of the commonwealth recently addressed the attorney general's department, asking whether the tenth section of the Act of June 10, 1893. which regulates the nomination and election of public officers, as amended by the Act of June 26, 1895, (P. L. 392,) requires a sheriff to nave a "fac-simile" of the official ballot published as part of the general election proclamation. Deputy-Attorney-General Elkin to-day stated that only the officers need be enumerated, and no "fac-simile" ballot is required. -Here is an item for the farm boys, from the Germantown Telegraph: The statement was made in one of the daily papers recently that, according to the testimony of real estate dealers in the interior of the state, there is a very decided increase in the demand for farms and that the demand comes largely from those who have moved into the cities years ago. If this be true, it is an encouraging item of news. Out of ten who leave the farm to make their way in the city eight would certainly have done better had they remained at home. -Mr. Robert Brooks, a civil engineer in the employ of the Pennsylvania railroad, and well and favorable known in Ebensburg, where he resided during the building of the Blacklick railroad, died at Lilly on Wednesday morning from pneumonia after a short illness. The deceased was married on the 21st day of October last to Miss Margaret Dunegan, daughter of E. R. Dunegan, Esq.. of St. Augustine, and since that time the young couple have made their residence at Lilly where Mr. Brooks was employed on the new railroad work at that place. -A fire broke out in a dwelling house owned by the Elk Tanning company at Curwensville, on Tuesday evening, occupied by Moses Watson aud John Webb, both colored with their families. Mrs. Webb had gone to the store and left her four children in the house, their ages being six, four, and two years. and a baby. All were burned to death. The fireman did effective work, and when the fire was quenched a search was made for the bodies. They werefound, but were burned almost beyond recognition. The origin of the fire is unknown. It is the firstinstance in that village in which human life has been lost by fire.


Article from The Cambria Freeman, January 29, 1897

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Hollidaysburg Bank Starts Up

HOLLIDAYSBURG, Pa., Jan. 27.-National Bank Examiner Bingham of Philadelphia today transferred the broken First National bank of Hollidaysburg to the new organization, which opened the bank with 100 per cent of new capital. Prothonotary J. T. Hartman will be president and J.G. Swope of Mt. Pleasant, Pa., cashier. This bank was closed by a run on Dec. 14. The Martinsburg Deposit bank and the Williamsburg bank, which were branches, will not reopen.