Citizens National Bank/Citizens NB & TC, Cincinnati, OH (Charter 2495)

From Bank Note History
Jump to navigation Jump to search
The Citizens National Bank of Cincinnati ca1907
The Citizens National Bank of Cincinnati ca1907.[1]

Citizens National Bank/Citizens NB & TC, Cincinnati, OH (Chartered 1880 - Liquidated 1927)

Town History

The new building of the Citizens National Bank of Cincinnati
The new building of the Citizens National Bank of Cincinnati located on the southeast corner of Fourth and Main Streets. The architect was Samuel, Hannaford & Sons.[2]

Cincinnati is a city in Ohio and the county seat of Hamilton County. Settled in 1788, the city is located at the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line with Kentucky. With an estimated population of 2,190,209, it is Ohio's largest metropolitan area and the nation's 29th-largest, and with a city population of 309,317, Cincinnati is the third-largest city in Ohio and 64th in the United States. Throughout much of the 19th century, it was among the top 10 U.S. cities by population, surpassed only by New Orleans and the older, established settlements of the United States eastern seaboard.

The city's largest institution of higher education, the University of Cincinnati, was founded in 1819 as a municipal college and is now ranked as one of the 50 largest in the United States. Cincinnati is home to historic architecture with many structures in the urban core having remained intact for 200 years. In the late 1800s, Cincinnati was commonly referred to as the "Paris of America", due mainly to such ambitious architectural projects as the Music Hall, Cincinnatian Hotel, and Shillito Department Store. Cincinnati is the birthplace of William Howard Taft, the 27th President of the United States.

Two years after the founding of the settlement, Arthur St. Clair, the governor of the Northwest Territory, changed its name to "Cincinnati", possibly at the suggestion of the surveyor Israel Ludlow, in honor of the Society of the Cincinnati. St. Clair was at the time president of the Society, made up of Continental Army officers of the Revolutionary War who named their club for Lucius Quinctius Cincinnatus, a dictator in the early Roman Republic who saved Rome from a crisis, and then retired to farming because he did not want to remain in power.

Cincinnati has many nicknames, including Cincy, The 'Nati, The Queen City, The Queen of the West, The Blue Chip City, and The City of Seven Hills.

Cincinnati had 25 National Banks chartered during the Bank Note Era, and all 25 of those banks issued National Bank Notes.

Bank History

  • Organized October 14, 1880
  • Chartered November 1, 1880
  • 1: Absorbed Bank of Cincinnati, January 1881
  • 2: Liquidated January 31, 1927
  • 2: Absorbed by The Fourth and Central Trust Company

In October 1880, it was announced that the Citizens National Bank of Cincinnati would open to the public for the first time at 51 West Third Street on or about November 1st. The stockholders met on October 14th at the office of Morehead & Norton and elected the following officers and directors: Briggs S. Cunningham, president; G.P. Griffith of the Third National Bank, vice president; George W. Forbes late assistant cashier of the First National Bank, cashier; Briggs Swift, A.H. Bugher, Patrick Poland, M.E. Ingalls, Charles H. Kellogg, Jr., Larz Anderson, and Henry Muhlhauser, directors. The stockholders did not agree on the staff with the exception of Mr. Fab C. Lawson, receiving and paying teller, and Mr. George Peck, individual and general bookkeeper. Also the amount of circulation remained as unfinished business. In proportion to her size, Cincinnati had fewer national banks than almost any other city in the Union, so success of the new bank was thought to be assured.[3] 

On Tuesday, December 14, 1880, depositors of the Bank of Cincinnati could find their money at the Citizens National Bank. The Citizens National Bank was a very young, but also vigorous. It had been just a few weeks since a Syndicate was formed for the transaction of a general banking business and in due time handsome and commodious rooms were selected on Third Street, south side, just west of Walnut Street, where their banner was "flung to the commercial breeze." The Bank of Cincinnati which received its charter in 1877, had been operating from No. 31, West Third Street. Its officers and directors were men of integrity and had the confidence of the community and conducted a fair share of the banking and foreign exchange business of the city. Mr. H.A. Langhorst had been its president from the beginning and Mr. H. Huesman, cashier. Mr. Langhorst had been in the wholesale hardware business on Main Street near Woodward.[4]

The report of condition as of the close of business on Saturday, December 30, 1882, showed total resources of $2,288,889.79, with capital stock $1,000,000, surplus and undivided profits $117,182.98, circulation $900,000, and individual deposits $1,593,459.56.[5] In January 1883, directors elected by the Citizens National were Briggs S. Cunningham, Briggs Swift, A.H. Bugher, Patrick Poland, M.E. Ingalls, James Walsh, Larz Anderson, Henry Muhlhauser, and G.P. Griffith. Mr. Walsh took the place of Charles H. Kellogg, Jr. The officers selected were B.S. Cunningham, president; Griffith P. Griffith, vice president; George W. Forbes, cashier and George Peck, assistant cashier. The office last names was a newly constitution one.[6]

In December 1904, Mr. M.E. Moch, senior member of Moch, Berman & Co., clothing manufacturers, was elected a director in the Citizens National to fill the vacancy caused by the death of Mr. James Lowman.[7] 

The Citizens National Bank was organized in October 1880 and opened for business on November 4th at 51 East Third Street. In 1887 the bank moved into its own building, the United Bank Building, at Third and Walnut Streets, where it remained until December 10, 1906. when it moved to its new building at the corner of Fourth and Main Streets. The new bank was of Bedford stone in a graceful classic architecture, resembling greatly the new custom-house in New York. It was designed by Hannaford & Sons. The banking room was fitted with English veined marble, the woodwork being mahogany and the columns supporting the ceiling were of Sienna marble. The entrance to the bank was on Fourth Street. The public desks were arranged in an octagon with the cashier and assistant cashier on the right and the vice president on the left of the entrance. The president and directors' room was cut off from the main banking room. The safe deposit vaults and bank safes were at the southeast corner of the room. The basement was arranged for a mailing room and there were two fire-proof record vaults to hold unused but valuable books and papers. The upper floors of the building were occupied by The Procter & Gamble Co.[8]
The Citizens National Bank of Cincinnati ca1907
The Citizens National Bank of Cincinnati ca1907. Courtesy of Heritage Auctions, www.ha.com

In December 1906, the depositors of the Franklin Bank of Cincinnati were notified that arrangement had been made whereby the business of the bank had been merged with that of the Citizens National Bank. The new banking rooms of the Citizens National were located at the southeast corner of Fourth and Main Streets.[9] The Franklin Bank of Cincinnati was formed in 1833.[10] On December 21st, A.J. Becht, cashier of the Franklin Bank until it went out of existence last Saturday, was elected assistant cashier of the Citizens National Bank.[11]

In January 1910, the directors elected were Briggs S. Cunningham, John Kilgour, James N. Gamble, Charles P. Taft, William Cooper Procter, W. Kesley Schoepf, M.E. Moch, Myer Oettinger, Bayard L. Kilgour, M.L. Kirkpatrick, Robert W. Pogue, W.A. Julian, B.D. Best, Edward Goepper, and G.P. Griffith.[12]

In January 1914, the directors of the Citizens National Bank were William Cooper Procter, Charles P. Taft, James N. Gamble, William Kesley Schoepf, Meyer Oettinger, Bayard L. Kilgour, M.E. Moch, M.L. Kirkpatrick, Robert W. Pogue, W.A. Julian, G.P. Griffith, Edward Goepper, Benjamin D. Best, Wm. Worthington, and Herbert L. Breneman. The board re-elected the following officers: G.P. Griffith, president; Herman Goepper and William A. Julian, vice presidents; S.M. Richardson, cashier; Wm. D. Knox and R.C. Smith, assistant cashiers.[13]

Proposals to change the name of the Citizens National Bank to the Citizens National Bank and Trust Company of Cincinnati would be submitted to stockholders of the bank at a special meeting to be held on Thursday, December 8, 1921. The bank was granted the privilege of exercising trust functions by the Federal Reserve Board under the Federal Reserve law about two years ago. This department of the bank had grown in importance rapidly until now the directors thought that it was such a vital part of the institution as to warrant recognizing it in the official name of the bank.[14]

In May 1922, the officers of the Citizens National Bank & Trust Company were G.P. Griffith, chairman of the board; Edward Goepper, chairman, executive committee; Chas. W. Dupuis, president; W.A. Julian, vice president; Edw. A. Sisson, vice president and trust officer; Wm. D. Knox, vice president; R. Cliff Smith, cashier; Edw. J. Hoff, assistant to the president; H. Sachteleben, Benj. R. Emley, and Man C. Rieker, assistant cashiers; and Louis Gulden, assistant trust officer. The directors were Charles P. Taft, capitalist; James N. Gamble, vice president, The Proctor & Gamble Co.; W. Kesley Schoepf, president, The Cincinnati Traction Co.; Bayard L. Kilgour, president, The Cincinnati & Suburban Bell Telephone Co.; M.L. Kirkpatrick, president, The Farmers' and Shippers' Leaf Tobacco Warehouse Co.; Robert W. Pogue, president, The H. & S. Pogue Co.; W.A. Julian, president, The Julian & Kokenge Co.; G.P. Griffith, chairman of the board; Edward Goepper, chairman, executive committee; A.J. Becht, secretary, The Cincinnati Street Railway Co.; Thos. W. Allen, directors, The J.H. Hibben Dry Goods Co.; David C. Jones, vice president, The Lunkenheimer Co.; J.M. Richardson, president, The Richarson Co.; and Chas. W. Dupuis, president.[15]

While smoking a cigar in the library of his home, Edward Goepper, 75 years old, chairman of the executive committee of the Citizens National Bank and Trust Company, died the morning of April 21, 1925. He had planned to attend a meeting of the Board of Directors of the bank after lunch. Mr. Goepper was president of the bank for three years, elected in 1918, holding that position until 1920 when he retired. Mr. Goepper was unmarried. For many years Mr. Goepper was the active head of the Herman Goepper Co., dealers in malts and hops. Before prohibition the company was one of the largest of its king in the Middle West. It was dissolved about a year ago. At different times during his business career, Mr. Goepper was a director of the Rockwood Pottery Co., the Art Museum, the Cincinnati and Suburban Bell Telephone Co., and the Cincinnati Street Railway Co. At one time he was president of the Cincinnati Zoological Gardens. He was a charter member of the Queen city Club. He was survived by a brother, Charles Goepper, secretary-treasurer of the old Herman Goepper Co.[16] 

On February 9, 1926, the Stock Yards Bank of Cincinnati sold all its property and assets, including good will, to the Fourth and Central Trust Company.[17] The Fourth and Central Trust Company had capital $2,000,000 and surplus $2,000,000 and was located at Fourth and Vine Streets, Cincinnati. The company operated four branches at 2618 Woodburn Avenue, 3114 Reading Road, 3766 Warsaw Avenue, and Oak and Chestnut Streets, Marlemont.[18]
1927 advertisement Central Trust Company
A 1927 advertisement for the new Central Trust Company formed by the merger of the Citizens National Bank and Trust Company and the Fourth and Central Trust Company.[19]

On December 28, 1926, directors of the Citizens National Bank and of the Fourth and Central Trust Company approved a plan to merge the two institutions. On December 31st, the two banks would lose their separate identities and become the Central Trust Company, the original name of the institution from which the Fourth and Central Trust Company evolved. Three years ago, when the Central Trust and the old Fourth National Bank merged, the Fourth gave up its national charter. After completion of all arrangements, personnel of the Citizens would move from Fourth and Main Streets to the present location of the Fourth and Central located in the Union Central Building. The resources of the new institution would total about $56,000,000 with combined deposits around $39,000,000. A. Clifford Shinkle was president of the Fourth and Central Trust Co. and would be named chairman of the board of directors of the new institution while Charles W. Dupuis, president of the Citizens National Bank, would become the new president. Three men who had offices in one or the other of the merging banks would retire. Charles A. Wilson and G.P. Griffith, chairman of the boards of directors of the Fourth and Central and Citizens, respectively, and W.A. Julian, vice president of the Citizens, declined to serve in the new organization. G.W. Williams, vice president of the Fourth and Central would become first vice president of the new bank. All members of the two boards would serve on the board of the Central Trust Company. Directors of the Fourth and Central were William P. Anderson, Jesse R. Clark, Jr., Hugh P. Colville, Fred A. Geler, James J. Heekin, Charles D. Jones, Maurice Joseph, Warren E. Keplinger, W.W. Lanson, R.K. LeBlond, Harry M. Levy, Joseph K. Pollock, A. Clifford Shinkle, Charles Strebel, Stuart B. Subphin, Charles P. Taft, George W. Williams, Charles E. Wilson, and Lucien Wulsin. Citizens directors were Charles P. Taft, James N. Gamble, Bayard L. Kilgour, M.L. Kirkpatrick, Robert W. Pogue, W.A. Julian, G.P. Griffith, A.J. Becht, Thomas W. Allen, David G. Jones, J.M. Richardson, Oscar Berman, George J. Gruen, and Charles W. Dupuis. Stockholder meetings to ratify the merger were planned for January 11th.[20]

In January 1927, the officers of the Central Trust Company were A. Clifford Shinkle, chairman of the board; Chas. W. Dupuis, president; G.W. Williams, first vice president; Hugh P. Colville, Edward A. Sisson, Wm. D. Knox, Charles Bartlett, R. Cliff Smith, vice presidents; Edward J. Hoff, assistant to the president; J.F. Klein, cashier; G.E. McCubbin, secretary; Philip Hinkle, trust officer; Benj. R. Emley, Max C. Rieker, and F.S. Mygatt, assistant cashiers; F.W. Weissman, F.B. Baldwin, and Fred Lindsey, assistant secretaries; A.M. Hopkins, Chas. H. Cheeseman, Albert W. Schwartz, Louis Gulden, and A.S. Bowling, assistant trust officers; A.H. Cochnower, manager, safe deposit dept.; and B.R. Taylor, auditor. The directors were William P. Anderson, chairman, The Ferro concrete Construction Co.; Thos. W. Allen, retired; Oscar Berman, president, The Crown Overall Mfg. Co.; Jesse R. Clark, Jr., treasurer, The Union Central Life Insurance Co.; Hugh P. Colville, vice president; Chas. W. Dupuis, president; James N. Gamble, vice president, The Procter & Gamble Co.; Frederick A Geier, president, The Cincinnati Milling Machine Co.; G.P. Griffith, retired; Geo. J. Gruen, secretary-treasurer, The Gruen Watch Co.; James J. Heekin, president, The Heekin Co.; Reuben A. Holden, retired; Charles D. Jones, secretary-treasure, the Little Miami Railroad Co.; David C. Jones, vice president, The Lunkenheimer Co.; Maurice Joseph, retired; W.A. Julian, chairman, The Julian & Kokenge Co.; W.E. Keplinger, president, The Peters Cartridge Co.; Bayard L. Kilgour, president, The Cincinnati & Suburban Bell Telephone Co.; M.L. Kirkpatrick, Kirkpatrick Lumber Co.; B.W. Lamson, partner, Haydock, Cressler, Lamson & Co.; R.K. LeBlond, president, The R.K. LeBlond Machine Tool Co.; Harry M. Levy, retired; Robert W. Pogue, president, The H. & S. Pogue Co.; Joseph K. Pollock, vice president, The Hanging Rock Iron Co.; J.M. Richardson, president, The Richardson Co.; A. Clifford Shinkle, chairman of the board; Charles Strebel, partner, Strebel, Cobb & Walthers; Stuart B. Sutphin, president, The I.V. Sutphin Co.; Charles P. Taft, president, The Cincinnati Times-Star Co.; G.W. William, vice president; Charles E. Wilson, retired; and Lucien Wulsin, president, The Baldwin Piano Co. Branches were located at 2818 Woodburn Avenue, 3114 Reading Road, 3766 Warsaw Avenue, Spring Grove and Hopple Streets, and Mariemont.[21]

Official Bank Titles

1: The Citizens National Bank of Cincinnati, OH

2: The Citizens National Bank & Trust Company of Cincinnati, OH (12/10/1921)

Bank Note Types Issued

Series of 1875 $20 bank note
Series of 1875 $20 bank note with stamped signatures of G.P. Griffith, Cashier and B.S. Cunningham, President. This note has a Variety 2 Battle of Lexington vignette. Courtesy of Heritage Auctions, www.ha.com
1882 Brown Back $5 bank note
1882 Brown Back $5 bank note with printed signatures of S.M. Richardson, Cashier and G.P. Griffith, Vice President. Courtesy of Heritage Auctions, www.ha.com
1882 Brown Back $20 bank note
1882 Brown Back $20 bank note with printed signatures of S.M. Richardson, Cashier and G.P. Griffith, Vice President. The plate used to produce this note was re-entered with a Variety 1 Battle of Lexington vignette over a Variety 3 Vignette. Courtesy of Heritage Auctions, www.ha.com
1902 Plain Back $20 bank note
1902 Plain Back $20 bank note with engraved signatures of R. Cliff. Smith, Cashier and Chas. W. Dupuis, President. Courtesy of Heritage Auctions, www.ha.com

A total of $27,094,080 in National Bank Notes was issued by this bank between 1880 and 1927. This consisted of a total of 3,112,644 notes (3,112,644 large size and No small size notes).

This bank issued the following Types and Denominations of bank notes:

Series/Type Sheet/Denoms Serial#s Sheet Comments
1: Series 1875 3x10-20 1 - 86862
1: 1882 Brown Back 4x5 1 - 48300
1: 1882 Brown Back 3x10-20 1 - 59680
1: 1882 Date Back 4x5 1 - 136665
1: 1882 Date Back 3x10-20 1 - 108334
1: 1882 Value Back 4x5 136666 - 195165
1: 1882 Value Back 3x10-20 108335 - 137134
1: 1902 Plain Back 4x5 1 - 35000
1: 1902 Plain Back 3x10-20 1 - 25000
2: 1902 Plain Back 4x5 1 - 115334
2: 1902 Plain Back 3x10-20 1 - 75686

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1880 - 1927):

Presidents:

Cashiers:

Other Known Bank Note Signers

Bank Note History Links

Sources

  • Cincinnati, OH, on Wikipedia
  • Don C. Kelly, National Bank Notes, A Guide with Prices. 6th Edition (Oxford, OH: The Paper Money Institute, 2008).
  • Dean Oakes and John Hickman, Standard Catalog of National Bank Notes. 2nd Edition (Iola, WI: Krause Publications, 1990).
  • Banks & Bankers Historical Database (1782-1935), https://spmc.org/bank-note-history-project
  1. ↑ The Bankers' Magazine, Vol. 74, Jan. - June 1907, p. 127.
  2. ↑ The American Israelite, Cincinnati, OH, Thu., Dec. 13, 1906.
  3. ↑ The Cincinnati Enquirer, Cincinnati, OH, Fri., Oct. 15, 1880.
  4. ↑ The Cincinnati Enquirer, Cincinnati, OH, Tue., Dec. 14, 1880.
  5. ↑ The Cincinnati Enquirer, Cincinnati, OH, Wed., Jan. 10, 1883.
  6. ↑ The Cincinnati Enquirer, Cincinnati, OH, Wed., Jan. 10, 1883.
  7. ↑ The American Israelite, Cincinnati, OH, Thu., Dec. 1, 1904.
  8. ↑ The Bankers' Magazine, Vol. 74, Jan. - June 1907, p. 127-8.
  9. ↑ The American Israelite, Cincinnati, OH, Thu., Dec. 20, 1906.
  10. ↑ The Cincinnati Enquirer, Cincinnati, OH, Mon., Jan. 3, 1938.
  11. ↑ The Cincinnati Enquirer, Cincinnati, OH, Sat. Dec. 22, 1906.
  12. ↑ The Cincinnati Enquirer, Cincinnati, OH, Wed., Jan. 12, 1910.
  13. ↑ The Cincinnati Enquirer, Cincinnati, OH, Wed., Jan. 14, 1914.
  14. ↑ The Cincinnati Enquirer, Cincinnati, OH, Fri., Nov. 4, 1921.
  15. ↑ The Cincinnati Post, Cincinnati, OH, Mon., May 29, 1922.
  16. ↑ The Cincinnati Enquirer, Cincinnati, OH, Wed., Apr. 22, 1925.
  17. ↑ The Cincinnati Enquirer, Cincinnati, OH, Wed., Feb. 10, 1926.
  18. ↑ The Cincinnati Enquirer, Cincinnati, OH, Sat., Feb. 6, 1926.
  19. ↑ The Cincinnati Enquirer, Cincinnati, OH, Sun., Jan. 30, 1927.
  20. ↑ The Cincinnati Enquirer, Cincinnati, OH, Wed., Dec. 29, 1926.
  21. ↑ The Cincinnati Post, Cincinnati, OH, Mon., Jan. 31, 1927.
Retrieved from "https://banknotehistory.mywikis.wiki/w/index.php?title=Citizens_National_Bank/Citizens_NB_%26_TC,_Cincinnati,_OH_(Charter_2495)&oldid=69499"