First National Bank (Hollidaysburg, PA)

Episode Information

Episode UID
5701164
Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
national
Bank ID
570 national
Charter Number
57
Start Date
December 14, 1896
Location
Hollidaysburg, Pennsylvania (40.427, -78.389)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3c9e25958dcf94ab

Response Measures

Capital injected, Full suspension, Books examined

Events (5)

1. August 11, 1863 Chartered
Source
historical_nic
2. December 14, 1896 Run
Cause Details
Heavy withdrawals by depositors precipitated the run; no specific rumor or bank scandal is detailed in the articles.
Newspaper Excerpt
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
Temporary suspension of payments after heavy depositor withdrawals (temporary suspension; officials said it was only temporary).
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, 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.
Source
newspapers
5. March 1, 1917 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (20)

Article from Alexandria Gazette, December 14, 1896

Click image to open full size in new tab

Article Text

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

Click image to open full size in new tab

Article Text

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 Enterprise, December 16, 1896

Click image to open full size in new tab

Article Text

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

Click image to open full size in new tab

Article Text

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

Click image to open full size in new tab

Article Text

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

Click image to open full size in new tab

Article Text

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 Meeker Herald, December 19, 1896

Click image to open full size in new tab

Article Text

Pennsylvania Bank Failure. Pittsburg, Pa., Dec. 14.-The First National Bank of Hollidaysburg suspended 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 oldest national banks in the United States.


Article from Chicago Eagle, December 19, 1896

Click image to open full size in new tab

Article Text

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

Click image to open full size in new tab

Article Text

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

Click image to open full size in new tab

Article Text

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 The Cape Girardeau Democrat, December 26, 1896

Click image to open full size in new tab

Article Text

A SON of George Hart, a pioneer farmer of Marshall county, Ia., was shot and instantly killed, on the morning of the 13th, by a burglar whom he discovered in the house and grappled with. THE Chinese residents of Chicago opened a temple to Confucius on the 13th, Wong Chin Foo, editor of the Chinese News, acting as high priest. He made an address outlining the plans of the Celestials for the conversion of Chicago. IN an interview with a correspondent for a Madrid newspaper, on the 13th, Capt.-Gen. Weyler stated that he had returned to Havana in order to disperse the rebels who are flocking into the province of Havana. THE president has sent to the senate the following nominations: Chas. A. Proutty, of Vermont, to be an interstate commerce commissioner, vice W. G. Veasey, resigned; Second Lieutenant Frank H. Dimock, of Massachusetts, to be first lieutenant in the revenue cutter service. Also a long list of promotions in the navy, made during the recess of congress. IN a fit of insane rage, on the 14th, Ernest L. Chase, of Detroit, Mich., aged 38, cut the throat of his wife, aged 32, and then cut his own throat from ear to ear, fatally wounding both. THE Washington Times was purchased, on the 15th, from C. G. Conn by Stilson Hutchins. Hon. John H. Oberly, formerly Indian commissioner, was placed in charge. THE First national bank of Hollidaysburg, Pa., on the 14th, suspended business owing to a heavy run made by its depositors. The bank was organized in 1863, is capitalized at $50.00 000, and is one of the oldest national banks in the United States. HENRY P. BUTLER, a well-known lawyer and clubman, who had been missing from his home in New York city four days, returned on the 14th. He was found to be suffering from an attack of grip. THE steam schooner Edith. Capt. Edwards, with a crew of 30 men aboard, was, on the 15th, nine days overdue at Tacoma, Wash., from the Halibut banks off Hecate sound, and fears were entertained that some mishap had befallen her owing to the severe storms. FIRE in the Western Union Telegraph Co.'s building at Evansville, Ind., on the 15th, damaged Frondrach Bros., cigar manufacturers, whose factory occupies the top floor of the building, $5,000. The Western Union office was not damaged to any extent. THE Frer ch coasting steamer Marie Fanny was lost off the island of Alderney, in the British channel, on the 15th, and her crew of 14 men were drowned. THE lumbermen of the United States met in convention in Cincinnati on the 15th. FIGHTING is reported west of the trocha in Pinar del Rio, Cuba, where the insurgents, under Maceo's successor, Gen. Ruis Rivera. have taken the field against the Spanish forces left there by Gen. Weyler. No details have been received yet, but 50 wounded soldiers arrived at Havana, on the 15th, from the neighborhood of Artemisa. IT was stated in Havana, on the 15th, that Gen. Weyler had called in some of the troops stationed outside of the city, fearing an attack byGen. Gomez, who was reported to be moving eastward with a large force, well armed and provisioned. The insurgents had already occupied several small towns held by the Spaniards in the eastern part of the province of Havana. THE London Globe of the 15th said that important negotiations were pro-


Article from Evening Star, January 27, 1897

Click image to open full size in new tab

Article Text

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

Click image to open full size in new tab

Article Text

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

Click image to open full size in new tab

Article Text

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 Morning News, January 28, 1897

Click image to open full size in new tab

Article Text

TWO BANKS TO RESUME. They Comply With All the Government's Requirements. Washington, Jan 17.-Two national banks, which recently failed, have been permitted to reopen their doors for business after satisfying the controller of the currency that they have complied with all the conditions imposed by him. They are the First National Bank of Holldaysburg, Pa., which suspended Dec. 14, 1896, and the Merchants and Planters National Bank of Bryan, Tex., which suspended Dec. 23, 1896.


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

Click image to open full size in new tab

Article Text

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

Click image to open full size in new tab

Article Text

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

Click image to open full size in new tab

Article Text

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

Click image to open full size in new tab

Article Text

-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

Click image to open full size in new tab

Article Text

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.