National Bank - New York, NY

Episode Information

Episode Type: Run Only
Start Date: August 25, 1931
Location: New York, New York (40.714, -74.006)
Registered Place: New York City
Bank Type: state

Metadata

Episode ID
Bank ID
City ID: 360975772

Model: gpt-5-mini
Short Digest

Notes

OCR is noisy and some phrases unclear; cause attribution is inferred from mention of other local bank closures.

Events (1)

1. August 25, 1931 Run

Cause: Local Banks
Cause Details: Uneasiness apparently tied to closures/conditions of nearby trust company and state bank, prompting heavy withdrawals
Measures: Bank paid depositors during the day and directors/examiner reassured customers; police kept crowds from gathering
Newspaper Excerpt: Depositors... Paid Off Than 100... calling the bank... there was closing the bank waiting teller's window... directors reassured the depositors that they would pay everybody their money
Source: newspapers

Newspaper Articles (1)

1. August 25, 1931 Brooklyn Eagle Brooklyn, NY

Article Text

National Doors

PrecedDepositors

National Bank over by the taken today, after Currency noon yesteroffice of the the examiner of bank of the bank office Boulevard and Northern branch 108th Ave., Corona. Paid Off Than 100 number the calling the bank Sensing an directors were the they immediand call the During the the until closing time than 100 depositors money and their paid. hour there was closing the bank waiting teller's window bank were closed the the bank were persons half dozen patrolbank from the and after Precinct losed anxious inquirers police call o'clock today when opened. The police from gathering, but groups of men stood on the opposite street and on the same distance from street the situation. discussing

Reassured Depositors were number groups women, mostly who they had in the bank. They reassured the the police that the opened today. forthcoming Inquiry sent and directors who room the time closed brought forth the beyond unusual calling for their nothing unusual, would pay everybody their money and that reason fea rthat closed. block of the stock owned persons closely allied with the Trust Company closed Satthe State Bankbank were unable whether that fact caused uneasiness the depositors The officers this fact would in effect upon the welfare institution.

Organized by Corona Men Queensboro Bank organlocal business men Most of those who organizing and directors at that are directors of the institution real estate operator president: Paul Roth, Frank W. Yager, supplies dealer, of FlushHarry sash and of Corona, are directors, all residents former Municipal M. Cragen, John Linhard, Charles Ignazio Edward Dr. Wiland Ellis.