First National Bank (Englishtown, NJ)

Episode Information

Episode UID
722301479
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
72230 national
Charter Number
7223
Start Date
March 14, 1923
Location
Englishtown, New Jersey (40.297, -74.358)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
edf64e40022e42b7

Response Measures

None

Events (3)

1. April 21, 1904 Chartered
Source
historical_nic
2. March 14, 1923 Reopening
Newspaper Excerpt
First National Bank ... will re-open about March 15 (or March 14) ... depositors will lose nothing; sum of $108,629.19 would be raised, restoring the bank to its original financial condition, and the depositors will lose nothing.
Source
newspapers
3. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspended operations following defalcations by several former officers; losses discovered led to suspension
Newspaper Excerpt
First National Bank, which suspended business because of defalcations of former officers
Source
newspapers

Newspaper Articles (12)

Article from The Jersey Journal, March 5, 1923

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Article Text

ENGLISHTOWN BANK TO RESUME BUSINESS Englishtown, Mar. 5.—First National Bank, which suspended business because of defalcations of former officers, will re-open about March 15, it was announced today by President William H. Reid. The sum of $108,629.19 would be raised, he said, restoring the bank to its original financial condition, and the depositors will lose nothing. The directors and other stockholders, Mr. Reid said, have agreed to contribute $58,629.69 to give the bank an unimpaired capital of $50,000 and a surplus of $10,000 while the remaining $50,000 would be raised by a 100 per cent. assessment on the stockholders.


Article from Perth Amboy Evening News, March 5, 1923

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REOPEN BANK AT ENGL ISHTOWN ENGLISHTOWN. N. J., March 5. The First National Bank, which suspended business because of defalcations of former officers, will reopen about March 14, it was announced today by President William II. Reid. The sum of $108,629.19 would be raised, he said, restoring the bank to its original financial condition, and the depositors will lose nothing.


Article from New Britain Herald, March 5, 1923

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New Jersey Bank Closed By Losses, Will Reopen Englishtown, N. J., March 5.--The First National bank, which suspended business. because of defalcations of former officers, will reopen about March 14, it was announced today by President William H. Reid. The sum of $108,629 would be raised, he said, restoring the bank to its original financial condition and the depositors will lose nothing.


Article from The Central New Jersey Home News, March 5, 1923

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Englishtown Bank Makes Losses Good (By Associated Press) ENGLISHTOWN, March 5.—The First National Bank, which suspended operations following defalcations by several former officers, will reopen about March 14 it was announced today by William H. Reid, the president. The depositors will lose nothing, it was declared. The directors and officers will contribute $58,629, so that the bank will have an unimpaired capital of $50,000 and surplus of $10,000, and $50,000 more will be raised by a 100 per cent. assessment on the stockholders.


Article from The Daily Record, March 5, 1923

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ENGLISHTOWN BANK WILL RE-OPEN SOON To Resume Business Suspended Because Of Recent Defalcations. Englishtown, March 5.—The First National Bank, which suspended business because of defalcations of former officers, will re-open about March 14, it was announced today by President William H. Reid. The sum of $108,629.19 would be raised, he said, restoring the bank to its original financial condition, and the depositors will lose nothing. The directors and other stockholders, Mr. Reid said, have agreed to contribute $58,629.69 to give the bank an unimpaired capital of $50,000 and a surplus of $10,000, while the remaining $50,000 would be raised by a 100 per cent. assessment on the stockholders.


Article from Fall River Daily Evening News, March 5, 1923

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RUM RUNNERS BUSY IN LONG ISLAND SOUND CONNECTICUT POLICE SEIZE 3,800 BOTTLES AND ARREST FOUR MEN. New Haven, Conn., March 5.—Rum-running along the Long Island Sound shore of Connecticut, which flourished last summer, has begun with the disappearance of ice from the bays and inlets. Yesterday State police seized 3,800 bottles of whiskey and gin on two trucks in Westport, and arrested four men. State police, at the barracks in Centerbrook, only a few miles away, learned that two vessels which were off the mouth of the Connecticut river Saturday, were rum-runners, and had landed boatloads of liquor. Much of the contraband was taken by motor trucks at Saybrook Point and started inland. Liquor landed at Grove Beach, farther west, was stored in a barn until loaded on a truck which the police intercepted. Federal and local officers today seized a motor boat, the Giant, and 120 cases of liquor, on the Stratford shore, and made three arrests. The Giant was loaded off Block Island. BANK WILL REOPEN. Englishtown, N. J., March 5.—The First National bank which suspended business because of defalcations of former officers, will reopen about March 14, it was announced today by President William H. Reid. The sum of $108,629.19 would be raised, he said, restoring the bank to its original financial condition, and the depositors will lose nothing.


Article from The Journal, March 5, 1923

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HARDINGS ON VACATION Special Train Taking Them to Florida Washington, D. C., March 5.—President and Mrs. Harding, accompanied by a party of friends, left Washington today on a special train for Florida, where they will take a vacation houseboat trip of more than a month. The presidential special pulled out a few minutes after noon for an uninterrupted run to Ormonde, Fla., where the party is to board the houseboat. It was Mrs. Harding's first appearance outside the White House grounds since her serious illness of last summer, but she appeared almost her old self and stood on the observation platform waving farewells until the train was out of sight. N. J. BANK TO REOPEN. Englishtown, N. J., March 5.—The First National bank, which suspended business because of defalcations of former officers, will reopen about March 14, it was announced today by President William H. Reed. The sum of $108,629 would be raised he said, restoring the bank to its original financial condition and the depositors will lose nothing. HAS LONG SERVICE RECORD Washington, March 5.—A record for Congressional service was established by Theodore F. Shuey, Civil war veteran and dean of the Senate shorthand reporters, with the adjournment of Congress. It was the 27th Congress whose adjournment was witnessed by Mr. Shuey, who is 78 years old and began work at the Senate in 1868.


Article from New Britain Herald, March 5, 1923

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Berlin News GRAND LIST SHOWS A GAIN OF $2,067 Board of Relief Completes Work and Makes Several Additions MRS. SAVAGE 81 YEARS OLD Carter Declines to Make Statement—Communication From Salvation Army Received—Other Items of Interest. The board of relief has completed its work on the grand list and the figures brought forward by the board show an increase of $2,067 over the figures of the assessors. The total sum by the board of relief is $4,271,620, the assessors figuring $4,269,553. The final total is: Houses $1,720,460 Barns 182,420 Lots 184,900 Stores 133,425 Mills 751,947 Acres of land 596,533 Horses 21,495 Cows 46,520 Sheep, swine, poultry 2,665 Dogs 15 Carriages 2,330 Automobiles 156,500 Watches and Jewelry 1,046 Farming tools 3,240 Goods of merchants and traders 269,306 Cables, wires, underground mains, etc. 97,700 Vessels 15,000 Excess credits and bonds 20,006 Cash on hand or deposit 8,110 Other taxable property 14,750 Ten per cent addition 24,336 The amount for soldiers' exemptions remained the same, $44,939. The board of relief consisted of Willard I. Alling and William H. Webster. Celebrates Birthday Mrs. Henry Savage of Savage Hill, East Berlin, observed her 81st birthday at her home yesterday. The occasion was celebrated quietly, a family dinner being held, at which there were 10 guests. Mrs. Savage was born March 5, 1842, in Ground Hill, Greenwich, Connecticut, living in that place until she was about 30 years of age. She later moved to East Berlin, where she has made her home since that time, living in the same house for the past 51 years. Mrs. Savage has four children, Willis, Theodore and Caroline of this place and Clarence of Storrs, Connecticut. She has also eight grandchildren. Her husband died in 1907. Carter Remains Silent First Selectman George B. Carter declined today to say anything further in the argument with Dr. A. J. Goodwin, except that he has stated the facts of the case. He said, regarding the statement of intelligence, that he will leave it to the public to decide whether the parties in question have or have not the stated amount of intelligence. Pythians Win. Pythian lodge, K. of P., bowling team won three straight games from St. Elmo lodge of New Britain on the Ideal alleys Saturday evening. The scores were as follows: Pythian Lodge. Selander 88 88 81 Smith 93 79 94 Wilber 102 107 83 Livingston 101 89 102 Anderson 124 89 109 Total 508 452 469 St. Elmo. Sperry 79 81 68 Boyington 78 87 97 Witkin 84 95 91 Kotch 88 90 83 Felz 86 Wilcox 76 Nehl 73 Total 415 429 412 Communication Received. First Selectman Carter has received a communication from Salvation Army headquarters regarding solicitors. The letter states that each solicitor will have a pass to identify him. Hubbard Funeral. The funeral of the late Rev. D. B. Hubbard was held from his home in East Berlin this afternoon at 2 o'clock, Rev. Samuel A. Fiske of the Berlin Congregational church officiating. Burial was in Wilcox cemetery. During the service Miss Helen Brown sang "Lead Kindly Light." Berlin Congregational Church. Professor Benjamin Bacon of Yale university spoke at the Berlin Congregational church last evening in the place of Professor Fleming James who was unable to be present. Professor James will address the meeting next Sunday evening. Rev. Samuel A. Fiske is well pleased with the attendance records shown for the first two meetings and feels confident that the series of lectures will be successful. Rev. Henry W. Maier of the Center Congregational church, New Britain, offered prayer. There were several New Britain people at the service. The subject chosen by the speaker was "The Modern Conception of the New Testament." The Woman's Missionary society will meet Wednesday afternoon at 3 o'clock at the home of Mrs. Francis Deming of Berlin street. The Girl Scouts will meet Wednesday afternoon at 4:30 o'clock at the home of Mrs. Garner Goodwin. The regular weekly prayer meeting will be held Thursday evening at 7:30 o'clock. The Boy Scouts will meet Friday evening at 7 o'clock with Rev. S. A. Fiske. Items of Interest. Miss Maude Slaght of Broadhurst college, Virginia, returned to her home today, after spending the week end with her sister, Mrs. B. R. Showalter of Berlin street. E. W. Irving and C. H. Irving of New Britain were the guests of First Selectman and Mrs George B. Carter yesterday. Nothing has been heard of the telegraph operator who left the Berlin station last week in company with $150. A gang from the state highway department was again busy on Berlin street this morning making the road still wider. East Berlin Items. Mr. and Mrs. Dellis Lord and daughter of New Haven have been the guests of relatives in town. Miss Florence Rich of Middletown spent Sunday at her home on Wilcox avenue. Mr. and Mrs. Victor Werdelin of New Britain spent Sunday as the guests of Mr. and Mrs. Walter Werdelin at their home on Main street. There will be a rehearsal of the Black and White minstrels at the home of William Brown Tuesday evening at 8 o'clock. Mr. and Mrs. Gustave Hanson of Farm Hill, Middletown, are receiving congratulations on the birth of a son born at Middlesex hospital Friday. Mr. and Mrs. Hanson formerly resided in this place. William Brown attended a meeting of the officials of the Knights of Columbus held in New Haven Sunday. Mr. and Mrs. William Holigan have returned to their home in Southington after spending the week-end as the guests of relatives in town. The ladies of St. Gabriel's church will meet at the home of Mrs. Charles Hart on Main street Thursday afternoon at 2:30 o'clock. To Have Open Meeting Berlin grange will hold an open meeting tomorrow evening to which the public has been cordially invited. The address will be given by a representative of the state department of health, who will speak on "Rural Sanitation." The meeting will start promptly at 8 o'clock, no business meeting preceding. There will be several musical selections in the course of the meeting and those in charge are expecting a large attendance. Whitney-Norton Wedding In Paris This Afternoon Paris, March 5, (By The Associated Press).—Miss Marie Norton, daughter of Mr. and Mrs. Sheridan S. Norton of New York and Cornelius Vanderbilt Whitney will be married at 3:30 o'clock this afternoon in Holy Trinity church. Only a few intimate friends will attend the ceremony. Mr. Whitney is the only son of Mr. and Mrs. Harry Payne Whitney of New York. He was graduated last year from Yale. New Jersey Bank Closed By Losses, Will Reopen Englishtown, N. J., March 5.—The First National bank, which suspended business because of defalcations of former officers, will reopen about March 14, it was announced today by President William H. Reid. The sum of $108,629 would be raised, he said, restoring the bank to its original financial condition and the depositors will lose nothing. SAGE TEA DANDY TO DARKEN HAIR It's Grandmother's Recipe to Bring Back Color and Lustre to Hair You can turn gray, faded hair beautifully dark and lustrous almost over night if you'll get a bottle of "Wyeth's Sage and Sulphur Compound" at any drug store. Millions of bottles of this old famous Sage Tea


Article from New Britain Herald, March 5, 1923

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New Jersey Bank Closed By Losses, Will Reopen Englishtown, N. J., March 5.—The First National bank, which suspended business because of defalcations of former officers, will reopen about March 14, it was announced today by President William H. Reid. The sum of $108,629 would be raised, he said, restoring the bank to its original financial condition and the depositors will lose nothing.


Article from Perth Amboy Evening News, March 5, 1923

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REOPEN BANK AT ENGLISHTOWN ENGLISHTOWN, N. J., March 5. --The First National Bank, which suspended business because of defalcations of former officers, will reopen about March 14, it was announced today by President William H. Reid. The sum of $108,629.19 would be raised, he said, restoring the bank to its original financial condition, and the depositors will lose nothing.


Article from The Philadelphia Inquirer, March 6, 1923

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WILL REOPEN BANK Stockholders Will Be Assessed; Capital and Surplus Restored ENGLISHTOWN, N. J., March 5.—The First National Bank, which suspended business because of defalcations of former officers, will reopen about March 11, it was announced today by President William H. Reid. The sum of $108,629.18 would be raised, he said, restoring the bank to its original financial condition, and the depositors will lose nothing. The directors and other stockholders, Mr. Reid said, have agreed to contribute $58,629.69 to give the bank an unimpaired capital of $50,000 and a surplus of $10,000, while the remaining $50,000 would be raised by a 100 per cent. assessment on the stockhold-


Article from Record-Journal, March 6, 1923

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The Cook Says Making tea is an art, thinks Cook, and she says very, very few women have any idea of how to make it properly. Great care should be taken, in the first place, she says, to have the teapot hot. It should be scalded out with hot water before the dry tea is put in. The water to pour over the leaves should not only be boiling, but should be really boiled. The big tea kettle which stands on the stove all day, filled at irregular intervals, does not furnish the best water for the purpose of making good tea. Get a small enameled ware kettle holding about a quart. Pour the water on the dry tea and steep it not over three minutes. Then you will be able to have a cup of tea that is much better in fragrance and flavor than any made in the usual careless manner. Cook says you may use very much less expensive cuts of corned beef by buying the fresh cuts and putting it into your own homemade brine. Use two gallons of lukewarm water, one and a quarter pounds of brown sugar, two pounds of rock salt and an ounce of saltpeter. Let stand twenty-four hours. Suspended Bank Reopens. Englishtown, N. J., March 5.—The First National bank, which suspended business because of defalcations of former officers, will reopen about March 14, it was announced today by President William H. Reed. The sum $108,629 would be raised he said, restoring the bank to its original financial condition and the depositors will lose nothing.