Elmira National Bank (Elmira, NY)

Episode Information

Episode UID
410501121
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
41050 national
Charter Number
4105
Start Date
May 23, 1893
Location
Elmira, New York (42.090, -76.808)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a174814abc251e69

Response Measures

None

Receivership Details

Depositor recovery rate
69.5%
Date receivership started
1893-05-26
Date receivership terminated
1912-04-30
OCC cause of failure
Fraud
Share of assets assessed as good
17.1%
Share of assets assessed as doubtful
41.0%
Share of assets assessed as worthless
41.9%

Description

Failure attributed to Col. D. C. Robinson's financial troubles; receiver references indicate permanent closure.

Events (5)

1. August 30, 1889 Chartered
Source
historical_nic
2. May 23, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure attributed to recent financial troubles of Col. D. C. Robinson and his assignment of assets.
Newspaper Excerpt
The Elmira National Bank closed its doors this morning.
Source
newspapers
3. May 24, 1893 Other
Newspaper Excerpt
The Elmira National bank which closed its doors yesterday is a preferred creditor. Mayor D. C. Robinson has made an assignment.
Source
newspapers
4. May 26, 1893 Receivership
Source
historical_nic
5. May 26, 1893 Receivership
Newspaper Excerpt
receiver of the defunct Elmira National bank
Source
newspapers

Newspaper Articles (23)

Article from The Waco Evening News, May 23, 1893

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Article Text

Bank Suspension. By Associated Press to the News. ELMIRA. N. Β₯., May 23: The Elmira National Bank closed its doors this morning. The bank's failure is the result of the recent financial troubles of Col. Robinson. The bank examiners last week reported the bank perfectly solvent in case Col. Robinson paid his obliga. tions. If not. depositors then would be paid in full with a small loss to the stockholders.


Article from Deseret Evening News, May 24, 1893

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Made an Assignment. ELMIRA, N. Y., May 24.-Mayor - D. C. Robinson has made an assignment. The Elmira National bank which closed its doors yesterday is a preferred creditor. The liabilities are unkpown, but may reach a hundred thousand dollars. The run on Elmira Savings bank continued. All sume under a hundred dollars are being paid on demand.


Article from Morning Journal and Courier, May 24, 1893

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Run on an Elmira Bank. ELMIRA, May 23 - The suspension of the Eimira National bank to-day caused a big run to be made on the Elmira Savings bank. Hundreds of excited depositors crowded the doors, but the bank kept right along doing business and the depositors will be paid in full. All amounts under $100 have been paid on demand. The usual time allowed by law will be taken for all deposits over $100.


Article from San Antonio Daily Light, May 24, 1893

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Article Text

Brigg's case will be heard before the General Assembly and not returned to New York Presbytery for a rehearing. Elmira National bank, Elmira, N. Y., closes its doors; this caused a run on the Savings bank, but it paid all demands. New Braunfels lights its court house with electric lights, raises $175 for Cisco, and will build a new bridge over the Comal.


Article from The Representative, May 24, 1893

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Caused a Big Bank Run. ELMIRA, N. Y., May 24. - -The suspension of the Elmira National bank has caused a big run to be made on the Elmira Savings bank. Hundreds of excited depositors have crowded around the bank all day. but the bank kept right along doing business.


Article from Morning Journal and Courier, May 25, 1893

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Article Text

Made an A Assignment. ELMIRA, N. Y., May 24.-Mayor David C. Robinson this morning made a general assignment for the benefit of his creditors, making the Elmira National bank, which closed its doors yesterday, a preferred creditor. The run on the Elmira Savings bank continued to day, and all depositors having less than $100 were paid.


Article from The Evening Herald, May 26, 1893

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Article Text

Run on the Bank Over, ELMIRA, N. Y., May 26.-The run on the Elmira Savings Bank, which was started by the failure of the Elmira National Bank, has pretty nearly ceased. The total amount diawn out is about $8,000, in sums of not over $100. It is not known how large an amount the fifty and sixty days notices call for to be paid at the expiration of that time, but it is probable that confidence will be fully restored and the depositors will allow their money to remain


Article from Morning Journal and Courier, May 26, 1893

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Ugly Rumors A re A float. ELMIRA, May 25.-The run on the Elmira Savings bank which was started by the failure of the Elmira National bank has pretty nearly ceased. The total amount drawn out is about $8,000. Excitement over Mayor Robinson's assignment continues unabated, and many ugly rumors in regard to his transactions are afloat. Some place his liabilities at over $1,000,000.


Article from The Columbian, May 26, 1893

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The Depositors Will be Paid. ELMIRA, N. Y., May 24.-Jackson Richardson, president of the Elmira National bank, which suspended yesterday, says that the depositors will positively be paid in full The deposits in the bank amount to about $200,000.


Article from Waterbury Evening Democrat, May 26, 1893

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Article Text

Run on the Bank Over. ELMIRA, N. Y., May 26.-The run on the Elmira Savings Bank, which was started by the failure of the Elmira National Bank, has . pretty nearly ceased. The total amount drawn out is about $8,000, in sums of not over $100. It is not known how large an amount the fifty and sixty days notices call for to be paid at the expiration of that time, but it is probable that confidence will be fully restored and the depositors will allow their money to remain.


Article from Idaho County Free Press, June 2, 1893

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Article Text

Failure at Elmira, N. Y. ELMIRA, N. Y., May 24.-Mayor D. C. Robinson has made an assignment, with the Elmira National Bank, which closed its doors yesterday, a preferred creditor. His liabilities are unknown, but may reach a hundred thousand dollars. The run on the Elmira Savings Bank continues. All sums under a hundred dollars are being paid on demand.


Article from The Superior Times, August 5, 1893

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at Hornellsville, N.Y. have fatied. \ RECEIVER has been appointed for the Philadelphia Packing and Provision Company ATTORNEY GENERAL OLNEY was vis itor at Gray Gables, the President's summer cottage. WILLIE SHULTZ, aged 12 and Charles Bauer, aged 14. were drowned near Burlington, la. EIGHTY-THREE Maesachusetts banks decided to require the thirty day notice savings depositors. JUDGE HIGH F THOMPSON died at his home in Van Buren, Ark., from heat prostration and overwork. THE Eagle machine works at Indi anapolis passed into the hands of a receiver. The debts are $100,000. RETURN from school elections in Kan sas show an increase of nearly 100 per cent. in the vote cast by women NINE horses and a barn were de stroved by fire at LaPorte, Ind., entail loss of $40,000 to James Bunton. OFFICER JAMES A. ARVEY was shot and killed at Syracuse, N.Y by George A. Barnes, whom he was trying to an rest. DANIEL DALY was at San Francisco found guilty of manslaughter for hav ing shot and killed John J. Lawton May 7. F.A. LORING & leather dealers at Boston, have made an assignment The firm was considered strong in the trade M. J. MORIARITY, a large furniture dealer at Cleveland, O. has failed. His assets are about 850,000; liabilities not known. INFORMER FLECK, who was kidnaped in the interest of violators of the pro hibitory law regained his home at Pembina, N. D AGANG of Kuklux attempted to whip Lafavette Grimes at Dunlap, Tenn Grimes' sons fired into the crowd and three men were wounded SECRETARYCARLISLE declines to order the withholding of the demand for tax on whisky in bond. in accordance with the petition of many distillers. THE section of the Gearv law provid ing for imprisonment at hard labor has been declared unconstitutional by Federal Judge Ross, at Los Angeles For a few cents Joe Donnelly and Bill McKinney, of Thompson, Mo., beat Samuel Turner to death \ PITTSBURG bank building which was being remodeled fell at the noon hour and one workman was killed A PACIFIC EXPRESS wagon was held up the streets of Wichita, Kas. by three negroes and robbed of $7,500 COMMANDER WHITING, of the Alliance and Miss Etta Ah Fong, of Honolulu be will WHILE bathing in Rock River, near Rock Island. ill.. II Bafordand Miss Fannie Sudlow were drowned THE Chinese six companies will ask rehearing before the United States sn preme court of the Geary law case. THE courts have knocked out the No braska maximum rate law as practically confiscating all railroads in the state Suit for $1,900,000 for violation of contract has been brought by the Wiggins Ferry Company against the Alton road A.G. MORGAN Lexington, Kv., made disbursing clerk of the bureau of engraving and printing at $2,000 per year. SEXATOR HILL delivered an address on Personal Liberty' at the pienic of the Hon-Growers Association at Rome Y. FORRTEEN persons have been arrested charged with the murder of S.P. Brad shaw at Kingston, III. It was a white capontrage. The British warship Triumph sailed from Malta for Portsmouth on Saturday dis with 300 survivors of the Victoria aster on board. MATE GREENLEAF of the ship Crape murdered a sailor on the vovage from Hong Kong to Boston. He avoided the Boston officers Ixattempting to release his impound ed cows near Louisville, Edwin Graham shot Marshal A.J. Blunt and was in turn killed by the officer. MONTREAL'S mayor refuses to take part reception to officers of an Italian warship because in the government isunder the ban of the Vatican. Gov. WAITE. of Colorado, and Reporter Gaston had a hand to hand fight in Denver, the Governor attempting eject Gaston from the excentiveoffice SUIT is brought at St. Paul by the Metropolitan Trust Company mortgage of New York to foreclose $3,220,000 PΓ‘citic on the Wisconsin, Minnesota & road. A STORY is told in connection with the failure of the Elmira National Bank. Elmira, N.Y After the failure.th 111 notes aggregating $31,000 turned among the assets They were by three bank clerks without means and are worthless Gov FISHBACK of Arkansas, is sert onsly ill THE New York mills at Saco will shut down for five weeks New ORLEANS-Chicago round trip rates have been cut to $12. FIVE persons committed suicide at New York on July 28. MINNESOTA Catholics gave a reception at St. Paul to Mgr. Satolli Den STATE TROOPS are under arms at over and sleep in the armory Bank THE Chamberlain National Chamberlain, S.P., has failed. Tue rail rate from New York $10. to cago, first class has been eut to TREMONT and Suffolk mills at time Lowe Mass., will be operated on half THE Union Bank of Portland, has suspended. It is small concern. GEN. J. 11. WALLACE, the well-known aged Union soldier, died atOttawa, III., years FOUR cases of cholera and thre deaths are reported at Naples in twenty ur hours. REPRESENTATIV Lynch is the first in Wisconsin congressman to arrive Washington. J. B. KILBRETH has been made lector and W. Y. Bunn appraiser at New York City the Catholic FIRE swept over N.J., damaging man terv at Paterson, costly monuments FULLY 200 people were made hom less by the flood at Pueble, Col. The reaches $250,000. loss Union Indurated Fiber burned ComTHE works at Lockport pany' $80,000 to $100,000. Loss. issouri authorities will


Article from Evening Star, July 6, 1894

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The Elmira National Bank. The controller of the currency has indicated to those interested in the resumption of the Elmira (N.Y.) National Bank, which suspended about a year ago, the conditions upon which the bank could resume, namely, the payment of the indebtedness of the bank in full, the payment of the capital 'stock in full and the redemption of all outstanding receiver's certificates. The receiver, examiner and Mr. Robinson, who is at the head of the reorganization scheme, are in conference, and it is expected that the conditions will be complied with.


Article from Evening Star, September 14, 1894

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The Elmira National Bank. The controller of the currency has indicated to those interested in the resumption of the Elmira (N.Y.) National Bank, which suspended about a year ago, the conditions upon which the bank could resume, namely, the payment of the indebtedness of the bank in full, the payment of the capital 'stock in full and the redemption of all outstanding receiver's certificates. The receiver, examiner and Mr. Robinson, who is at the head of the reorganization scheme, are in conference, and it is expected that the conditions will be complied with.


Article from The Evening World, September 14, 1894

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# GOOD NEWS FOR ELMIRA. The Municipal Improvement Co. Will Soon Be on Its Feet. It is stated that the readjustment of affairs of the Elmira Municipal Improve-ment Company will soon be completed. The receiver is to be discharged and will be succeeded by Col. D. C. Robin-son, ex-Mayor of Elmira, who will be made President. Col. Robinson's personal solvency will be terminated with the aid of the Mutual Life Insurance Company, which will receive a bond for $1,000,000, indorsed by leading capitalists. The Elmira National Bank will also be enabled to resume business, $200,000 having been raised for its relief. It is said that the only need which the Elmira Municipal Improvement Company has for money is to make final payments on its electric power house, which cost $250,000.


Article from The Evening World, September 14, 1894

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GOOD NEWS FOR ELMIRA. The Municipal Improvement Co. Will Soon Be on Its Feet. It is stated that the readjustment of affairs of the Elmira Municipal Improvement Company will soon be completed. The receiver is to be discharged and will be succeeded by Col. D. C. Robinson, ex-Mayor of Elmira, who will be made President. Col. Robinson's personal solvency will be terminated with the aid of the Mutual Life Insurance Company, which will receive a bond for $1,000,000, indorsed by leading capitalists. The Elmira National Bank will also be enabled to resume business, $200,000 having been raised for its relief. It is said that the only need which the Elmira Municipal Improvement Company has for money is to make final payments on its electric power house, which cost $250,000.


Article from The Evening World, September 14, 1894

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# GOOD NEWS FOR ELMIRA. The Municipal Improvement Co. Will Soon Be on Its Feet. It is stated that the readjustment of affairs of the Elmira Municipal Improve-ment Company will soon be completed. The receiver is to be discharged and will be succeeded by Col. D. C. Robin-son, ex-Mayor of Elmira, who will be made President. Col. Robinson's personal solvency will be terminated with the aid of the Mutual Life Insurance Company, which will receive a bond for $1,000,000, indorsed by leading capitalists. The Elmira National Bank will also be enabled to resume business, $200,000 having been raised for its relief. It is said that the only need which the Elmira Municipal Improvement Company has for money is to make final payments on its electric power house, which cost $250,000.


Article from New-York Tribune, September 15, 1894

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12mo. $1.50. Sold by all booksellers, or sent, postpaid, by CHARLES SCRIBNER'S SONS, 153-157 Fifth Avenue, New-York. GETTING ELMIRA TROUBLES IN SHAPE. THE PLAN VIRTUALLY ARRANGED FOR RESUSCITATING THE MUNICIPAL IMPROVEMENT COMPANY AND THE ELMIRA NATIONAL BANK. It is understood that arrangements are about completed for the restoration to solvency of the affairs of Colonel D. C. Robinson, ex-Mayor of Elmira, and the consequent resuscitation of the Elmira Municipal Improvement Company and the Elmira National Bank. The negotiations referred to in yesterday's Tribune have been successfully concluded, and only detail mattens remain to be adjusted. It is said by well-Informed persons that Colonel Robinson has arranged to give the Mutual Life Insurance Company a bond for $1,000,000, guaranteed by certain eapitalists, whose names are withheld, which will put him upon his feet. The reorganization of the Municipal Improvement Company will follow as a matter of course. The company is considered to be virtually solvent, but its affairs were so mixed up with the personal affairs of Colonel Robinson that his embarrassment caused its suspension. The company only owes some final payments on its electric carhouse, which cost some $260,000. and it can arrange its debts 80 as to be relieved of the present receivership. Upon the discharge of the receiver Colonel Robinson will resume control of the management as president. The arrangement contemplates the resuscitation of the Elmira National Bank. It will receive $200,000 to make good its impairment of capital, which is now already in hand, contributed by persons identified with the institution.


Article from The Daily Morning Journal and Courier, April 15, 1896

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Died of Apoplexy. Elmira, N. Y., April 14.-Charles Davis, receiver of the Elmira National bank, died suddenly in this city about 3 o'clock this afternoon from a stroke of apoplexy.


Article from The Cambria Freeman, April 17, 1896

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A Bank Receiver Drops Dead. Elmira, N. Y., April 15.-Charles Davis of Binghamton, receiver of the defunct Elmira National bank, has dropped dead here from apoplexy.


Article from The Cambria Freeman, April 17, 1896

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A Bank Receiver Drops Dead. ELMIRA, N. Y., April 15.-Charles Davis of Binghamton, receiver of the defunct Elmira National bank, has dropped dead here from apoplexy.


Article from The Dickinson Press, April 18, 1896

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Dropped Dead Elmira. N. Y., April 16. - Charles Davis of Binghamton, receiver of the defunet Elmira National bank. fell dead here to-day from apoplexy.


Article from New-York Tribune, October 15, 1896

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A BANK'S SUIT REVIVED. Judge Lacombe, of the United States Circuit Court. has signed an order directing that the sult of Charles Davis, as receiver of the Elmira National Bank, vs. Frederick H. Mollenhauer and others, be revived and continued in the name of Charles F. Gale, as receiver of the bank, in the place of Charles Davis, deceased.