976. National Gold Bank & Trust Company (San Francisco, CA)

View Charter #1994 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1994
Charter Number
1994
Start Date
September 1, 1879
Location
San Francisco, California (37.780, -122.419)

Metadata

Model
gpt-5-mini
Short Digest
204be263dd7703a2

Response Measures

None

Description

Multiple contemporaneous newspaper dispatches (dated Aug 30–Sept 2, 1879) report the National Gold Bank and Trust Company of San Francisco 'decided to go into liquidation' after capital impairment dating to the 1875 panic. No run is reported; the shareholders resolved voluntary liquidation/suspension leading to closure.

Events (3)
1. June 3, 1872 Chartered
Source
historical_nic
2. September 1, 1879 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders decided to go into liquidation; committee report showed capital impaired from loose business and never recovered from the disaster of 1875.
Newspaper Excerpt
At a meeting of the stockholders of the Gold Bank and Trust Company to-day it was decided to go into liquidation.
Source
newspapers
3. September 1, 1879 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (4)
1. September 2, 1879 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, September 2, 1879

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Article Text

PACIFIC COAST. [SPECIAL TO THE EUREKA DAILY SENTINEL.] CALIFORNIA. De Young Admitted to Bail. SIERRA NEVADA CALLS FOR MORE MUD. Political, Etc. SAN FRANCISCO, September 1. Chas. De Young was to-day admitted to bail by Chief Justice Wallace, in the sum of $25,000. Sierra Nevada levies an assessment of two dollars per share. The Honorable Bilks' candidate for Mayor D. W. Farquharson, having withdrawn, the the committee met and nominated D. W. N. Griswold to fill the vacancy. The "Chronicle" has jumped Griswold, the nominee of its party for Mayor, and comes out this morning for Flint, the Republican candidate, for the purpose of beating Kalloch. An unknown man committed suicide today at the Railroad House, on Commercial street, by taking strychnine. He registered at the house on Saturday by the name of Stein. Another unknown man was found hanging to a limb of a tree in Golden Gate Park this afternoon. He had apparently been dead several days. At a meeting of the stockholders of the Gold Bank and Trust Company to-day it was decided to go into liquidation. The report of the committee appointed to examine its affairs, showed the capital had become impaired by the loose manner of doing business, for which the officers were censured. It was also shown that the bank had never fully recovered from the disaster of 1875. The report of the suspension of F.D. Conro & Son, of the Golden Age flour mills, proves unfounded.

2. September 2, 1879 Evening Star Washington, DC
Article from Evening Star, September 2, 1879

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Article Text

WThe Inter-Ocean wants to know if Bob Ingersoll would not be willing to compromise on a place of torment and call It Mississippi. The stockholders of the National Gold San Francisco decided yesterday to go into liquidation. The bank has never fully recovered from the panic of 1875. In the Pennsylvania coal fiel is the average pay of the miners is $2 per day, of the laborers $1.28 and of the boys fif y Cents.

3. September 5, 1879 The Weekly Arizona Miner Prescott, AZ
Article from The Weekly Arizona Miner, September 5, 1879

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Article Text

NEWS BY TELEGRAPH Memphis, Sept. 1.-Total number of cases of yellow fever reported to the board of health, to date, 873; deaths, 233. Last year the total number of deaths to Sept. 4th was 804. New Orleans, Sept 1.-Indications are favorable for the suppression of the yellow fever; only six deaths so far. New York, Sept. 1.-Specials from the interior indicate that Cornell will have 180 delegates to the Republican State Convention. San Francisco, Sept. 1.-The H. B's have nominated W. N. Griswold for Mayor, whereupon the Chronicle bolted, and isnow supporting Flint. DeYoung has been admitted to $25,000 bail. The National Gold Bank and Trust Company has decided to go into liquidation. New York, Aug. 30.-Immense crowds at Brighton Beach to see Mollie McCarty run. A telegram received from Saratoga said that she had met with an accident preventing her running. Memphis, Aug. 30.-The Howard Assoclation has expended $257,000, and expect it will be necessary to call for ald. Chicago, Aug. 30-A special to the Tribase from Washington says that E. B. Washburne received a letter from Grant, positively declining to be a candidate for the Presidency. San Francisco, Aug. 30-Dr. Kalloch is still improving. The Bulletin reporter interviewed him to-day and heexpressed confidence in his recovery and election as Mayor. Silver King $5.00; Tiptop $.95. New York, Aug. 29.-Prize shooting at Creedmoor contemplates several matches, the value of prizes aggregating seventy-two thousand dollars. Among teams now encamped there are those from the Pacific Coast. The Oncida community have abandoned the practice of complex marriage in deference to public sentiment, not, however, renouncing its principles. Washington, Aug. 20-Fitz John Porter has written a letter saying that he is coming here this winter to urge Congress to restore him to the active list of the army. London, Aug. 29-A despatch from Garnet Wolesley dated Aug. 11th, says, Zulus have dispersed, and there are prospects for an early peaceable settlement. San Francisco, Aug. 29-Dr. Kalloch much improved, and is sitting up to-day, but the danger of inflammation is not passed. Silver King $5.00.

4. September 5, 1879 Arizona Citizen Tucson, Florence, AZ
Article from Arizona Citizen, September 5, 1879

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Article Text

THE CITIZEN. SEPTEMBER 3. 1879. FRIDA Y. TELEGRAMS. Kalloch. SAN FRANCISCO, August 30.-Dr. Kalloch is much improved and is sitting up today, but danger of inflamation is not yet passed. SAN FRANCISCO, September 1.-Dr. Kalloch is still improving. A Bulletin reporter interviewed him to-day. He expressed contidence in his recovery and election as Mayor Out on Bail. SAN FRANCISCO, September 2.-De Young has been admitted in $25,000 bail. Chronicle Bolts. SAN FRANCISCO, September 2.-The H. Bs. nominated W. N. Griswold for Mayor, whereupon the Chronicle bolted and now supports Flint. In Liquid tion. SAN FRANCISCO, September 2.--The National Gold Bank and Trust Com pany have decided to go into liquidation. Creedmoor Stakes. NEW YORK, August 23.-The value of the prizes in the contemplated matches at Creedmoor aggregates $2000. Three teams from the Pacific are now in camp. Oneide Community Progressing. NEW YORK, August 29. .-TheOneida Community have abandoned the practice of complex marriage in deference to public sentiment, not however renouncing its principles. A Disappointed Crowd. NEW YORK, August 31.-There was an immense crowd at Brighton Beach to see Mollie McCarty run, but a telegram received from Saratoga an nounced that she had met with an aceident preventing her running. Cornell's Chances. NEW YORK, September 1.-Specials from the interior of the State indicate that Cornell will have 180 delegates to the Republican State Convention. At New Orleans. NEW ORLEANS, September 1.-Indications are favorable for the suppression of the yellow fever; only six deaths thus far. Aid Needed. MEMPHIS, August 31.-The How. ard's have expended $25,700 and expect it will be necessary to call for more aid. Yellow Fever. MEMPHIS, September 1.-Total cases reported to the Board of Health to date, 873; total deaths, 233. Last year the total deaths to September 4 reached 804.