First National Bank (Orlando, FL)

Episode Information

Episode UID
346901123
Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
national
Bank ID
34690 national
Charter Number
3469
Start Date
July 24, 1893
Location
Orlando, Florida (28.538, -81.379)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7992e1ead771cf7c

Response Measures

Accommodated withdrawals, Capital injected, Full suspension, Books examined

Receivership Details

Date receivership started
1893-08-14
Date receivership terminated
1894-05-21
OCC cause of failure
Losses

Description

Known receivership date (1893-08-14) exists in bank records; articles contain OCR typos (Orlanda).

Events (8)

1. March 16, 1886 Chartered
Source
historical_nic
2. July 24, 1893 Run
Cause
Macro News
Cause Details
Heavy withdrawals/ panic-related withdrawals on July 24, 1893 (general financial unrest of summer 1893).
Newspaper Excerpt
ORLANDO, Fla., July 24.-The First National Bank closed its doors this morning. Withdrawals of deposits, which have been heavy, is given as the cause of the failure.
Source
newspapers
3. July 24, 1893 Suspension
Cause
Macro News
Cause Details
Bank suspended payment after heavy withdrawals on July 24, 1893 (placed in hands of a receiver afterwards).
Newspaper Excerpt
The First National bank, Orlando, Fla., has suspended.
Source
newspapers
4. August 14, 1893 Receivership
Source
historical_nic
5. August 14, 1893 Receivership
Newspaper Excerpt
Examiner McDonald of the failed First National Bank of Orlanda, Fla., and Examiner Wilson of the failed Merchants' National Bank of Great Falls, Mon.
Source
newspapers
6. May 21, 1894 Reopening
Newspaper Excerpt
The First National Bank, of Orlando, Fla., which suspended several months ago, will resume business Monday.
Source
newspapers
7. May 21, 1894 Restored To Solvency
Source
historical_nic
8. November 29, 1895 Receivership
Source
historical_nic

Newspaper Articles (19)

Article from The Morning Call, July 25, 1893

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view State Bank was robbed last night of $3000 in cash, and in consequence did not open its doors this morning. CHICAGO, July 24. -Bradford & Church private bankers, closed their doors without even posting a notice. Their whereabouts seem known only to themselves. The deposits are light, but gathered from a large number of poor people by a system of distributing small iron savings bauks, which could only be unlocked at the bank, into which pennies and nickels were dropped and periodically taken to the bank for deposit. MANCHEFTER, N. H., July 24. - -The national bank of the commonwealth will suspend payment to-morrow. The assets and liabilities are about $625,000. The suspension of the New Hampshire Trust Company precipitated this. CONNORSVILLE, Ind., July 24. - The Citizens' Bank, owned by ex - United States Treasurer Huston. has failed. There is no statement of assets or liabilities. The depositors will, it is said, be paid in full. Huston says that none of the depositors or creditors will lose one cent; that his personal property will more than cover the liabilities, not to mention his real estate: that it will not affect any of the industries iu which he is interested, and the cause of the suspension is baseless rumors. He is interested in foreign speculations, losing heavily. All he asks for is a little time. Houston's enemies circulated malicions and slanderous falsehoods that he was speculating in Chicago margins. This, coming about the time of the great financial unrest, made the aspect of the exUnited States Treasurer's affairs very serious. The liabilities are about $150,000. Houston's total assets will reach nearly $500,000. ORLANDO, Fla., July 24.-The First National Bank closed its doors this morning. Withdrawais of deposits, which have been heavy, is given as the cause of the failure. The officials of the bank say the depositors will lose nothing.


Article from The Seattle Post-Intelligencer, July 25, 1893

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BUSINESS TROUBLES. The First National bank, of Orlando, Fla, has suspended. The Southern Electric Company, one of the biggest enterprises in Baltimore, made an assignment on July 24. Assets, $175,000; liabilities, $100,000. Parkhurst & Wilkinson, iron merchants of Chicago, with over $1,000,000 assets, confessed judgment on July 24 for $87,000. They hope to get straightened out in a few days, however. The firm of Bradley & Ca, Syracuse, N. Y., extensive manufacturers of heavy hardware, wagons and carriages, went into the hands of a receiver on July 24. Assets, $500,000; liabilities, $850,000.


Article from The Times, July 25, 1893

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Dearborn-street bankers, have closed their institution without even posting a notice. Their whereabouts seem to be known only to themselves. The deposits are said to aggregate between $20,000 and $30,000. The firm started banking after a successful land speculation at Tolleston, Ind. MANCHESTER, N. H., July 24.-The National Bank of the Commonwealth will suspend payment to-morrow morning. This action was determined on at a meeting of the directors to-night, and the National Comptroller was notified. ORLANDO, FLA., July 24.-The First National Bank of this city closed its doors this morning. The withdrawal of deposits, which, it is said, have been heavy, is given as the cause. The general opinion among the bank's officers is that the depositors will not lose a cent. GREAT FALLS, MONT., July 24.-The Merchants' National Bank closed its doors at noon to-day. A notice signed by the directors was posted, and it stated that all the depositors will be paid in full. The bank held $21,000 city funds and $32,000 of the county, and $20,000 of State funds. There is no uneasiness about the other banks here.


Article from Pawtucket Tribune, July 26, 1893

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Business Complications. The Louisville Bank of Deposits has failed. The Indianapolis National bank has closed. The Taylor County (Miss.) bank has assigned. The First National bank, Orlando, Fla., has suspended. The Bank of Commerce, Indianapolis, has suspended. The Merchants' National bank, Louisville, has failed. E. J. Gaynor, railroad contractor, Pottsville, Pa., has failed. The J. Obermann Brewing company of Milwaukee has failed. The Wisconsin Fire and Marine Insurance bank has closed. Parkhurst & Wilkinson, Chicago iron merchants, have assigned. The G. B. Hodgman Manufacturing company, Sandusky, o., has assigned.


Article from The Sun, July 26, 1893

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Other Bank Troubles. MEDFORD. Wis., July 25.-The Taylor County Bank. owned by Hartman and Matt. assigned yesterday for the benefit of creditors to F. L. Urquhart. The bank was the depository for county and city funds. Assets are given at sconded. $16,000. Herman Matt. the cashier. has abCONNORSVILLE, Ind., July 25.-The liabilities of the Citizens' Bank. which failed yesterday. are about $150,000. Mr. Huston's total assets will reach near $500.000. He holds more than enough collateral to liquidate the total indebtedness of the bank as soon as it can be realized upon. WASHINGTON, July 25.-Examiner Ford has been directed to assume charge of the failed Louisville City National Bank of Louisville, Examiner Escott of the failed Kentucky National Bank of Louisville, Examiner Young of the failed Indianapolis National Bank of Indianapolis. Examiner McDonald of the failed First National Bank of Orlanda. Fla., and Examiner Wilson of the failed Merchants' National Bank of Great Falls. Mon. The Comptroller of the Currency is advised that the Hutchinson National Bank of Hutchinson. Kan., which failed some time ago, is preparing to resume business. The First National Bank of Cisco. Tex., which suspended payment on the third instant. having complied with the conditions imposed by the Comptroller of the Currency. has been permitted to reopen its doors for business. The abstract of the condition of the national banks in Chicago. Ill., on July 12 last. shows the reserve to have been 30.6 per cent. The total lonns and discounts were $81,853,000: individual deposits. $66,000,000; surplus fund. $11,522,000, and gold and gold certificates. $12,500,000. The reserve for Detroit was 24.80, and for Minneapolis, 27.21 per cent.


Article from The Morning News, August 10, 1893

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there it struck a fence and was conveyed by the wire for a considerable distance. tearing up the posts and a gate. This was on the property of Albert Endel. Ocala Capitol: The denizens of the north end are up in indignation and will attend the next meeting of the council in a body. They claim that a policeman is never seen nor a garbage wagon. nor an alderman in their vicinity. The only thing they ever had in the way of a public improvement was an electric light and that has been taken away from them. Titusville Star: Marshal Henry Titus returned from St. Augustine Monday afternoon with two men who were arrested for selling whisky without a license in this county. They have been carrying on their business in a sall boat called the White Wings, mainly following up the gang of laborers on the Flagler railroad. They gave bond in the sum of $250 each for appearance at the next term of the county court. Tallahassee Floridian: Phosphate money is beginning to come in already since the supreme court settled the question of law and now we trust the much talked of $100,000 will resolve itself into cold cash at an early day. There must be considerable money due the state from this source, but it is about as dimcult for a state to collect as for individuals, and the probabilities are that some of the companies will be utterly unable to pay on demand-however, we shall soon find out. Two hundred and twenty-nine depositors in the First National Bank of Orlando met Monday. Those present included many of the heaviest depositors. W. L. Peeler was elected chairman and W. H. Greenthan, secretary: Resolutions were then adopted requesting Controller Eckels not to appoint any one as receiver who was connected with the bank as a stockholder. officer. attorney or otherwise, or who was associated personally or politically with any one who was thus interested. This is a protest against certain candidates for the receivership, and it was adopted with only one dissenting vote. St. Andrews Buoy: Louden & Hill, who are foremost in the sponge trade in this city. have received news that the crop of sponges is an entire failure. This means a loss of $250,000. most of which will fall on the operators, although the sponge fishermen will also suffer. Mr. Louden stated that the failure was due to the heavy gales along the Florida coast, making the waters muddy and preventing the fishermen from securing their usual harvest. The supply that did not come to hand was lying off the Anclote banks, on the western coast of Florida, between Cedar Key and Tarpon Springs. Florida sponges, in consequence, will command high prices and are already becoming scarce. The annual crop from Florida's various fishing grounds is valued at between $400,000 and $500,000. and is shipped mostly to the United States. only a limited quantity going to England and Germany.


Article from The Morning News, August 30, 1893

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GEORGIA AND FLORIDA. The News of the Two States Told...in Paragraphs. Albany Men Do a Good Day's Work for the Brunswick Sufferers-Great Camp Meeting Near Alpharetta- Minister Blount Declines to Talk About Hawaii. GEORGIA. Griffin News and Sun: Miss Emma Stillwell left on Saturday afternoon for Arkadelphia, Ark., where she has accepted a most flattering offer to instruct a class in vocal and instrumental music at a large female college located there. Albany Herald: Messrs. J. T. Hester and Marcus Cine did a hard day's work on Saturday in soliciting contributions for the poor people of the unfortunate city of Brunswick. They worked all day, and collected nearly three hundred dollars worth of provisions and over sixty dollars in cash. Macon News: Hon. Pope Barrow, whose friends insist on his taking a seat in one of Georgia's Senatorial chairs up in Washington, was in the city yesterday. Col. Barrow says that down in Savannah, where he lives, all they know about the business and financial panic is what they have read in the newspapers. Alpharetta Free Press: Camp meeting at Holbrook last Sunday was a complete success, if a big crowd has anything to do with such an occasion. We presume there were 1.000 people on the grounds, and but from the fact that there were several other similar gatherings through the country, the crowd at Holbrook would have been just too immense to have been pleasant. Macon News: There was a sad and sudden death at the home of Mr. and Mrs. E. Sprinz on Arch street on Monday at 8 o'clock. It was the death of Mr. E. Sprinz, Jr., a young business man weli known in Georgia business circles and with many warm personal friends in Macon. Mr. Sprinz had been in business with his brother-in-law, Mr. J. Davis, at Midville sor some time, and although his health has not been good for several weeks, his death was sudden and unexpected. Mr. Sprinz was 34 years old and unmarried. Augusta News: The storm was the center of attraction Sunday night and the subject of small talk to-day. The girls were all "in it." and they were scared almost to death, even while indoors. They could not sleep, and they thought its voice anything but a lullaby. And so it was, for those of us out in the night were swept around like straws, and a lucky toy balloon would have been as good ballast as the stoutest buggy after 10 o'clock. All hands had to fly to shelter, and lucky were the bachelors on the Hili who had friends in the Gridiron Circle. Savannah girls, they say, don't mind stormy weather, and if there is not a cyclone on tapis they can raise an imitation almost instanter, if not sooner. Two Savannah girls on our Hill were out driving in the tempest last evening, and are said to call last night's hurricane only an ordinary Tybee "blow-out." It's all in getting accustomed to these little zephyrs, however, and Augusta girls were almost frightened out of their summer engagements. Macon News: Col. Blount, in view of the circumstances surrounding his relations to the government, feels that propriety and official duty compel him to decline the invitation of his fellow citizens to address them on matters pertaining to the Hawaiian islands on Wednesday night. Since Col. Blount's return he has been urged from every source to deliver a public address by his friends who want to hear him tell of his visit and work in the Hawaiian islands and who want to honor him and show their appreciation of his able and distinguished public service. But Col. Blount, although it gives him pleasure to meet his home people under all circumstances and talk to them, has felt that he should decline to participate in such a public meeting at this time and sends the News the following card setting forth his position: "In regard to the proposed meeting on Wednesday evening next, permit me to say that my connection with the present relations between the United States and the Hawalian islands precludes me from speaking upon Hawaiian affairs. I fully appreciate and thank you for the spirit which prompted you in suggesting the meeting. Very truly, James H. Blount." FLORIDA. The storm of Sunday did considerable damage to buildings in Jacksonville. Capt. Bill Kendrick, who lives on West Monroe street, in La Villa, was unfortunate enough to have the kitchen to his house blown away, and was in somewhat of a quandary this morning about getting his breakfast. In La Villa St. Joseph's C. M. E. church was blown down and almost totally wrecked. B. F. Dilion, superintendent of the Western Union, sent out four special trains Monday morning to put up the wires blown down by the storm. Every line running into the city was more or less damaged. Reports from the country in the vicinity of Jacksonville indicate no great damage to houses, but the giants of the forest fought a losing fight and are scattered all over, prostrate and broken. Fixing up the fences will give the farmers steady work for some days to come. and the storm of Aug. 27 will long be remembered in the annals of Jacksonville and surrounding country. The Clyde steamer Seminole arrived at her docks in Jacksonville at 11 o'clock Monday morning, after a trip of 124 hours from New York, and it may be safely said that never a party of steamship passengers were gladder to set foot on terra firma than those who debarked from the Seminole this morning. They had safely weathered two storms, either of which was sufficient to blanch the cheek of the bravest or make the stoutost heart quail. She was in the storm off the Jersey coast last Wednesday and in the storm of Sunday. The "world's fair exhibit car" from Orange county arrived at Jacksonville Monday, says the Telegram, via the Florida Central and Peninsular railroad and is now side-tracked in the yard of that road near the passenger depot. The car is one of the passenger coaches of the Tavares and Gulf railroad, which Capt. W. B. Tucker, general manager of that road, placed at the disposal of the committee appointed to make the exhibit. On entering the car. one is struck with the tropical appearance. Tropical trees and tropical fruits are everywhere conspicuous, and no one need ask where it is from. Banana trees, with the fruit on them in several stages, are an attractive feature, while every other tropical product is well represented. Stuffed birds ani-animals make an interesting exhibit. All the products of Orange county, including cane, rice, oats, rye, cotton, cassava, arrow-root, cinnamon, camphor, pineapples, oranges, bananas, etc., are shown to advantage. Curiosities peculiar to Florida and to Orange county form no small part of the exhibit. The history of the car dates back aoout a year, when the matter of sending an exhibit to the world's fair was first agitated. A committee.con-sisting of Judge J. D. Beggs, Col. George Foote. T. J. Appleyard. Hon. H. S. Chubb, Andrew Aulin, Dudley W. Adams and J. E. Ingraham, was appointed to arrange for an exhibit at the world's fair for Orange county. For this purpose, a voluntary tax was paid by the citizens of the county, and about $800 were raised in this way. Hon. H. A. Abercromby was appointed to get up the exhibit, which he at once started to do, and the splendid collection now displayed in the car is the result of his work. Many contributions in the way of money and articles were made by the citizens of the county, and the donations would have been much larger had not the First National Bank of Orlando failed just at that time. It was feared that this would cause the work to be abandoned, but Mr. Abercromby persevered and got the car filled with exhibits. The intention is to take the car to Chicago and make a county exhibit in the Florida state building. THE WOUNDED AT SURRENCY. Dr. Ogden Not Expected to Recover


Article from The Morning News, September 28, 1893

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FLORIDA. Lee county has gone dry by a good majority. The Tampa Hebrews will soon begin the erection of a synagogue to cost $25,000. A concert in Ocala a few evenings since netted $76 for the Brunswick yellow fever sufferers. The orange growers at Gainesville fear there will be a great scarcity of hands to harvest the crop this season. Andrews, Bowyer & Co., agents for the Lopez & Villa cigar factory at Gainesville, received Saturday an order for 100,000 of a leading brand of cigars. Messrs Cason and Fletcher. who were engaged in the unfortunate affair at Sarasota last Monday, are improving, and their surgeons have pronounced them almost out of danger. Tampa Tribune: Capt. Thompson of the steamer Kissimmee informs the Times that the shipment of oranges from the Manatee and Sarasota country has already assumed large proportions. though the fruit is yet quite green. It is thought that 1,400 boxes will be brought up next Saturday. At a recent meeting held by the committee appointed by Superintendent Sheets to recommend a man for appointment upon the Orange County Board of Education. H. Seagrave Adams was recommended for re-appointment. The following gentlemen com posed the committee: M. R. Marks, R. H Marks, J. E. Allen and T. W. Shine. Receiver J. N. C. Stockton. of the First Na. tional Bank of Orlando, acting under direct orders from Controller Eckels, is sending out circulars to persons who. on July 24th. the date of the bank's suspension, withdrew their deposits from the bank. demanding a return of said deposits, as their withdrawal was a violation of the United States banking laws. Charlie Riggins, an intelligent white laborer at the saw-mills of J. Mauldin. near Jasper, committed suicide late Tuesday afternoon by throw ng himself himself into the large a viving wheel of the mill. He was a married man, having lived happily with his wife for five years. It is reported that Riggins has been somewhat despondent since Sunday, and declared that a mob would kill him before night. Riggins was a native Georgian, having moved recently from Blackshear. The tug Kate Spencer arrived at Jacksonville Tuesday towing the schooners Ablie H. Gheen and Charlotte Sibley. The Spencer was unsuccessful in her attempt to get the wreck she went after. and left it about twenty miles east of St. Andrews. Capt. Broward says he arrived alongside of the wreck about noon Saturday and worked at it until last night, but could do nothing with it on account of its anchors, masts. chains and rigging being tangled up. His dynamite bombs all gave out before he made the progress he desired in breaking her masts off. as she was overturned. He could find no name on the vessel.


Article from The Florida Agriculturist, November 1, 1893

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FLORIDIANA. A Cuban who was a passenger on the Mascotte on her last trip out committed suicide by jumping overboard while the vessel was at sea. His name has not been learned.-Tampa Times. Last Friday about midnight as Geo. Patterson was passing up Ocklawaha Avenue to his home some unknown wretch fired at him, the ball passing through the crown of his hat. A well-posted gentleman remarked a day or two since that SO far the people of Fernandina had expended not less than $10,000 on account of the World's Fair. And yet nearly all of us are grumbling about the hard times.-Fernandina Mirror. A carload of machinery arrived at the union depot yesterday afternoon, consigned to the St. Augustine Park association. The machinery will be used in the new dredge-boat, recently constructed to do service in the Maria Sanchez creek. The boiler is fifty horse power.-St. Augustine News. Receiver J. N. C. Stockton, of the First National bank of Orlando, acting under direct orders from Comptroller Eccles, is sending out circulars to persons who on July 24th, the date of the bank's suspension, withdrew their deposits from said bank, demanding a return of said deposit, as their withdrawal was a violation of the United States banking laws. -Orlando Reporter. The burgular who has been going around town of late, purloining other people's goods, was captured by Marsbal Titus last Saturday night. He is a colored man named J. J. Johnson, and is wanted in Manatee County for murdering a woman. We are told the marshal made a very clever capture in this case, as he had very little clue to work upon. -Titusville Advocate. A German boy stole $38 from the captain of the fruit schooner Vision Saturday night. He saw the captain put the money in a satchel and while the latter was up town attending to business the boy cut a hole in the satchel, took the money and skipped out. The captain and Deputy Sheriff Mooney hunted for the boy all day yesterday, but did not find him.-Tampa Times. There seems to be considerable violation of the game law in this vicinity. Quail are being killed every day. A young man from the country the first of the week had thirty-three in a box, which he had caught in a trap, and offered the same for sale on the streets of Eustis. We do not know whether or not he disposed of the birds, but he was warned he was violating the law by offering them for sale. The Cocoanut Grove Hotel, at Palm Beach, was burned last night. The loss is about $60,000, partly insured, A heavy gale was b'owing at the time The origin of the fire is unknown. The. hotel formerly belonged to E. N. Dimick and was sold to Mr. Clarke, of Pittsburg, Pa., and was to have opened for the winter season next month. It was occupied all summer by Mr. Flagler's mechanics. They lost everything. The Narrows shipped last year, as


Article from The Morning News, January 22, 1894

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THE ORLANDO BANK. Its Representatives Interview Controller Eckels. Washington, Jan. 21.-Ex-Governor St. Clair and Hon. W. L. Palmer, of Orlando, Fla., have just had interviews with Controller Eckels, on the subject of the First National Bank of Orlando, which was placed in the hands of a receiver last summer. Mr. St. Clair is an ex-governor of New Hampshire, but has lived many years in Florida, and is fully identified with all the interests of that state. Mr. Palmer is one of the leading lawyers of Orlando, has been three times mayor of the city, and could have been again, but declined to be a candidate for the present term. These gentlemen called upon Controller Eckels in the interest of both the stockholders and the creditors of the bank. They represented to the controller that if the bank should be forced to liquidate its affairs now, in the present depressed financial condition of the country, it would result in very serious loss. both to the stockholders and the creditors of the bank. The plan on which the interested parties on both sides have agreed, is this: the stockholders propose to put into the bank $75,000. This, added to the amount of cash already in hand, will make $100,000. With this sum the bank could resume business, and in the course of reasonable time, could collect all its assets, and nobody would lose anything. On the other hand, if the receivership is worked out to its final result, there will, almost, necessarily be great losses. Controller Eckels was most favorably impressed by the statements made to him by Messrs. Palmer and St. Clair, and as a result, he promised to send a special examiner to Orlando to investigate the phases of the subject which these gentlemen presented to him.


Article from The Times, March 18, 1894

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Permitting Banks to Resume. WASHINGTON, March 17.-Comptroller Eckels to-day granted permission to the Brunswick National Bank, Brunswick, Ga., to open for business Monday next. This bank will liquidate business of the old National Bank in Brunswick that failed last year. He has also decided to permit the First National Bank of Orlando, Fla., to reopen for business sixty days from date, provided the bank complies with certain conditions imposed by the Comptroller. These conditions include new management, payment of certain percentage of its old obligations, etc. The bank failed last summer, and has been in the hands of Receiver Stockton ever since.


Article from The Wilmington Daily Republican, May 4, 1894

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Bank Officers Indicted. JACKSONVILLE, Fla., May 4. - Several indictments have been returned against Nat Poyntz and Ottie Poyntz, president and cashier respectively of the suspended First National bank, of Orlando, Fla., for embezzlement and making false returns as to the bank's condition. Directors Parramor, O'Neal and Lee have also been indicted for signing a false bank statement.


Article from The Evening Herald, May 4, 1894

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Bank Officers Indicted. JACKSONVILLE, Fla., May 4. - Several indictments have been returned against Nat Poyntz and Ottie Poyntz, president and cashier respectively of the suspended First National bank, of Orlando, Fla., for embezzlement and making false returns as to the bank's condition. Directors Parramor, O'Neal and Lee have also been indicted for signing a false bank statement.


Article from Staunton Spectator, May 16, 1894

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Nathaniel Poyntz and Oliver T. Poyntz, president and cashier, respectively, of the suspended First National Bank of Orlando, Fla., have been indicted for alleged embezzlement and making false returns as to the bank's condition. Directors Parramore, Oneal and Lee, of the bank, have also been indicted.


Article from Richmond Dispatch, May 19, 1894

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Bank to Re-Open. JACKSONVILLE, FLA., May 18.-A special to the Times-Union from Orlando, Fla., says: Arrangements were completed to-day by which the First National Bank, which suspended several months ago, will resume business Monday.


Article from The Morning News, May 19, 1894

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ORLANDO'S BANK TO RESUME. 1 The First National to Throw Open Its Doors Next Monday. Orlando, Fla., May 18.-The suspended First National Bank, of Orlando, which has been in the hands of a receiver since July 24 of last year, will open its doors for resumption of business on Monday morning next, under the management of a new board of directors, and with new officers in charge. The result has been achieved after an immense amount of work, and in spite of much opposition. This is a red letter day for Orlando. It is the opening day of a new era of pros perity.


Article from The Durham Daily Globe, May 21, 1894

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TO RESUME MONDAY, The First National Bank, of Orlando, Fla., to Open Again. ORLANDO, Fla., May 21.-Arrangements have been completed by which the First National Bank. which suspended several months ago, will resume business Monday. All the old directors resigned and a new board was chosen, W. B. Jackson being chosen president and I. W. C. Parker cashier. When the bank opens Monday morning, 20 per cent will be paid all depositors. The old officers and several of the directors are now under indictment for violating the national banking laws.


Article from Evening Star, May 22, 1894

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A Bank Reopens. The First National Bank of Orlando, Fla., which suspended payment July 24, 1893, has been restored to solvency, and was yesterday permitted to reopen its doors for business as an active national banking association.


Article from The Morning News, May 28, 1894

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FIRST NATIONAL PROSPEROUS. Grapes Have Made Their Appearance in Market. Orlando, Fla., May 27.-The city authorities are enforcing the ordinance which prohibits the running of railroad trains inside the corporate limits at a higher rate of speed than five miles an hour. One of the engineers on the South Florida division of the Savannah, Florida and Western road was yesterday fined. The first week of business of the reestablished First National bank shows up well. At the close of business yesterday the books showed the deposits for the first week were only a fraction short of $60,000. Under the terms of resumption the bank was to pay old depositors 20 per cent. of their claims on the opening day, provided, of course, the creditors called for it. In fact, only about $500 was called for. The first ripe grapes of the season were brought in by H. H. Dickson from his Niagara white vineyard yesterday. In many of the other vineyards the first clusters to form in the spring have attained their full size, and the fruit is beginning to sweeten. The old veterans of both armies in the late unpleasantness, met at the residence of E. A. Richards this morning and marched together to the Methodist church, where Rev. B. K. Thrower delivered an appropriate discourse to such an- occasion. The confederate veterans and grand army republic men have laid aside all feeling toward each other except fraternity.