Coal and Iron NB of the City of New York, NY (Charter 7203)

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Central Railroad of New Jersey Building
Central Railroad of New Jersey Building, home of the Coal and Iron National Bank, ca1905.[1]

Coal and Iron NB of the City of New York, NY (Chartered 1904 - Liquidated 1926)

Town History

Logo for the Coal & Iron National Bank
Logo for the Coal & Iron National Bank located at Liberty and West Streets, New York. "Personal Attention to Every Banking Need." Capital and Surplus $2,500,000.[2]

New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over 300.46 square miles, New York City is the most densely populated major city in the United States. The city is more than twice as populous as Los Angeles, the nation's second-largest city. New York City is located at the southern tip of New York State. Situated on one of the world's largest natural harbors, New York City comprises five boroughs, each of which is coextensive with a respective county. The five boroughs, which were created in 1898 when local governments were consolidated into a single municipality, are: Brooklyn (Kings County), Queens (Queens County), Manhattan (New York County), the Bronx (Bronx County), and Staten Island (Richmond County). New York City is a global city and a cultural, financial, high-tech, entertainment, glamour, and media center with a significant influence on commerce, health care and scientific output in life sciences, research, technology, education, politics, tourism, dining, art, fashion, and sports. Home to the headquarters of the United Nations, New York is an important center for international diplomacy, and it is sometimes described as the world's most important city and the capital of the world.

Bank History

Advertisement for the Varick Bank
An advertisement from February 1901 for the Varick Bank of New York, located at 260 West Broadway, Corner of Beach.[3]
The Varick Bank ca1901
The Varick Bank ca1901.[4]
A 1923 advertisement for the Coal and Iron National Bank
A 1923 advertisement for the Coal and Iron National Bank showing its location in Manhattan.[5]
  • Organized April 5, 1904
  • Chartered April 7, 1904
  • Opened for business April 11, 1904
  • Absorbed Varick Bank April 11, 1904
  • Liquidated February 1, 1926
  • Absorbed by Fidelity-International Trust Company New York

Varick Bank

Early in January 1901, the Brooklyn Eagle reported that plans were under consideration for the organization of a new bank to be known as the Varick Bank, which would locate in the offices formerly occupied by the Tradesmens National Bank in the Wool Exchange Building.[6] On January 16th, the Varick Bank of New York filed articles of incorporation with Superintendent of State Banks Mr. Kilburn. The bank had a capital of $100,000 and planned to operate as a bank of discount and deposit. The directors were J. Maus Schermerhorn, Charles T. Barney, Valentine P. Snyder, Joseph S. Auerbach, and Charles W. Morse. Charles T. Barney was president of the Knickerbocker Trust Company, Mr. Snyder was president of the Western National Bank, Mr. Morse was vice president of the Garfield National Bank and president of the American Ice Co., and Mr. Auerbach was a member of the well-known law firm of Davies, Stone & Auerbach and a director of the Knickerbocker Trust Co. Mr. Schermerhorn was a director of the Merchants' Safe Deposit Co.[7] On January 19th the Varick Bank was incorporated in Albany. J. Maus Schermerhorn of Homer, New York, was president; Charles P. Barney, vice president; and William R. Kurau, formerly cashier of the Bowery Bank, was thought likely to be cashier. Valentine P. Snyder, Chas. W. Morse and Joseph S. Auerbach were directors.[8] The bank opened on Tuesday, January 22d and received deposits of over $90,000 on its first day.[9] 

On Wednesday, December 4, 1901, the Merchants' Safe Deposit Company at a special meeting accepted the resignation of Willis S. Paine as President and elected J. Maus Schermerhorn, President of the Varick Bank of New York, to that office. The Board of Directors was composed of Ethan Allen, D.S. Walton, David M. Look, Julius Kaufmann, Malcolm Stuart, Theodore M. Ives, Charles T. Barney, Valentine P. Snyder, Frederick L. Eldridge, John T. Sproull, and J. Maus Schermerhorn.[10]

In February 1902, W.R. Kurau, cashier of the Varick Bank until last month, was arraigned on the charge of having uttered a forgery, having represented the validity of a note for $2,500 to the officers of the bank, the note having been made out to himself.[11] An attempt to get at the vaults of the Varick Bank was made by would-be robbers who severely wounded the night watchman who was the single protector of the vaults. Springing on him in the dark of the basement of the Wool Exchange building at Beach Street and West Broadway, they knocked him senseless with a blow on the forehead. Trained for just such an emergency, he cried out as the blow fell. His cry and the noise resulting from his fall frightened the men off and they escaped.[12] In June Mr. Kurau brought a suit for $50,000 damages against the officers of the Varick Bank and Meyer Tracktenberg, one of the bank's customers, alleging false arrest. The case of alleged forgery had been discharged by Justice Newburger.[13] A.H. Day succeeded Mr. Kurau as cashier of the Varick Bank, issuing the notice of the annual meeting in December 1902.[14]

In March 1904, John T. Sproull was president and Addison H. Day, cashier of the Varick Bank. The capital stock was $100,000, surplus $50,000, undivided profits $14,411, and due depositors, $84,037.11.[15]

The Coal and Iron National Bank

In February 1904, a new national bank to be known as the Coal and Iron National Bank with capital of $300,000 and a surplus of $200,000 was organizing and planned to occupy offices in the Central Building, 143 Liberty Street. Those were the offices formerly occupied by the Bankers' Trust Company and before that by the Liberty National Bank. A.A. Lisman of Lisman, Lorge & Co. was one of the men behind the new institution.[16][17]

Application was filed in Washington on March 23rd. On the organization committee of the bank were Charles T. Barney, W.G. Besler, vice president of the Jersey Central; D.G. Boissevain, Leopold Wallack and A.A. Lisman.[18] The Comptroller of the Currency granted the necessary authorization for the proposed Coal and Iron National Bank and it was expected that the new bank would open early in April. The bank was a consolidation of the Varick Bank and would occupy the quarters of the Liberty National Bank at the corner of Liberty and West Streets.[19] The president of the Varick Bank, John T. Sproull, would be president of the new institution and the cashier, Addison H. Day would be its cashier. A.A. Lisman who had been active in the formation of the new bank would be its first vice president and David Taylor who had been with the Liberty National Bank since its formation would be its second vice president.[20]

The Coal and Iron National Bank of the City of New York opened for business on April 11, 1904, in the building of the Central Railroad of New Jersey, 143 Liberty Street. It occupied a location peculiar to itself in that it was the only banking institution from Warren Street to Bowling Green west of Broadway, and being convenient to the lower west-side ferries (particularly the Pennsylvania and Central Railroad of New Jersey) it was able to build up a deposit line of $4 million during the first year of its existence. The name of the bank, "Coal and Iron," was the means of securing the accounts of many of the railroad and coal interests in its neighborhood and was appealing to all this class of business who felt their needs were better understood in an institution thoroughly in touch with their interests. The directors were Charles T. Barney, president, Knickerbocker Trust Company; Wm. G. Besler, vice president and general manager, Central Railroad of New Jersey; D.G. Boissevain, Boissevain & Co., New York and Amsterdam; George H. Campbell, general superintendent, Baltimore and Ohio Railroad; Austin Corbin, Corbin Banking Co.; Daniel F. Connor, Whitney & Kemmerer, wholesale coal; Robert W. De Forest, trustee, New York Trust Co.; Allison Dodd, president, Hudson Coal Co.; H.W. Douty, treasurer, Central New Jersey Land Improvement Co.; W. Butler Duncan, Jr., Havemeyer Estate; F.L. Eldridge, first vice president, Knickerbocker Trust Company; George D. Harris of George D. Harris & Co., coal operators; John C. Juhring, vice president, Francis H. Leggett & Co.; Anthony A. Lisman, vice president, Mt. Vernon Trust Co.; James H. McGraw, president, McGraw Publishing Co.; Henry E. Meeker, Meeker & Co., coal; John A. Middleton, first vice president, Lehigh Valley Railroad; James H. Parker of J.H. Parker & Co., cotton; Edwin H. Peck of E.H. & W.J. Peck, coffees; Wm. B. Randall, trust officer, Knickerbocker Trust Co.; George Sheffield of Sheffield & McCullough, members, New York Stock Exchange; John T. Sproull, president; Wm. H. Taylor, president, Goodwin Car Co.; David Taylor, second vice president; Stephen H. Voorhees, Agent, Royal Bank of Canada; Leopold Wallach of Wallach & Cook, 33 Wall Street; Samuel Weil, vice president, Schwarzchild & Sulzberger Co.; and Wm. H. Woodin, director, American Car and Foundry Co. The Coal and Iron National Bank was appointed depository for the City of New York as well as for many of the railroads which had their terminals on West Street. The bank featured large and substantial burglar-proof steel safe-deposit vaults which proved of great value not only to the business community in the neighborhood, but to many others who appreciated a substantial and absolutely secure place for valuables.[21]

In April 1905, the Coal & Iron National Bank completed its year of probation and passed a satisfactory examination by the clearing house committee, had been received as a non-member bank and would clear through the Mechanics National Bank. The Coal & Iron National opened for business on April 11, 1904 with $300,000 capital and $180,000 surplus. At the close of the first year's business, it showed total resources of $4,742,004, having built up a deposit line of $4,176,167 and passed $33,627 to profit and loss account. The officers remained unchanged.[22]

In January 1906, the Coal and Iron re-elected its old board with the addition of E.E. Loomis, vice president, Delaware, Lackawanna & Western Railroad.[23]

In April 1906, stockholders of the Coal and Iron National Bank voted to increase the capital stock from $300,000 to $500,000. John T. Sproul was president.[24]

In January 1915, J.L. Kemmerer and W.H. Williams, vice president of the Delaware and Hudson Railroad, were elected directors to succeed D.F. Connor and H.W. Douty, deceased.[25] On January 27, 1915, Dr. James H. Parker, formerly chairman of the board of the Mutual Alliance Trust and director of the Coal & Iron National Bank, National Bank of Commerce, and former president of the New York Cotton Exchange, died at Roosevelt Hospital.[26]

In January 1916, H.J. Dorgelch, assistant cashier, Coal and Iron National Bank was treasurer of the committee of the new Broad Street Hospital to be established at 109-111 Broad Street in the building formerly occupied by the Marine Hospital.[27] In October 1916, Henry J. Dorgelch was arrested by federal authorities and charged with having robbed the Coal and Iron National Bank of $20,847. Federal authorities said that all the missing money was obtained by stealing checks drawn on the bank. The alleged thefts dated back to 1911. Dorgelch, 37 years old, was married and lived very quietly in Brooklyn.[28]

In January 1917, retiring directors were re-elected and John F. Bermingham, president of the Delaware, Lackawana & Western Coal Co., William M. Hager, assistant to the president and director of the American Car & Foundry Company, and Stanley P. Jadwin, O.H. Jadwin & Sons, were added to the board.[29]

At the close of business, December 31, 1917, the bank had total assets of 16,749,074.04, with capital $1,000,000, surplus and undivided profits $891,145.80, circulation $414,000, deposits $12,526,546.87. John T. Sproull was president; David Taylor and Allison Dodd, vice presidents; Addison H. Day, cashier; William H. Jaquith and Wallace A. Gray, assistant cashiers.[30]

On Tuesday, January 13, 1920, Arthur H. Disbold, treasurer of Bayer Company was elected a director of the Coal and Iron National Bank. Arthur Hamilton resigned from the directorate.[31]

In January 1920, Arthur A.G. Luders was trust officer.[32]

In January 1921, at the annual meeting, E.M. Rine, vice president of the Delaware, Lackawanna & Western Railroad was elected a member of the board and H.B. James resigned. Other directors were re-elected.[33] In May 1921, officers of the Coal and Iron National Bank were John T. Sproul, president; David Taylor and Allison Dodd, vice presidents; Addison H. Day, cashier; Wallace A. Gray and W.H. Jaquith, assistant cashiers; and A.A.G. Luders, trust officer. The bank's resources as of the close of business on April 28, 1921, were $21,112,457.63, with capital $1,500,000, surplus $1,000,000, undivided profits $505,426.89, circulation $398,400, and deposits $14,436,131.47.[34]

In March 1923, Julian W. Potter, recently elected president of the Coal & Iron National Bank was also a member of the executive committee of the New York Southern Society which had quite a smattering of New York Bankers. J. Howard Ardrey, vice president of the National Bank of Commerce was also a member of the Executive Committee. George N. Hartmann, secretary of the Metropolitan Trust Co. was treasurer and Charles Cason, assistant vice president of the Chemical National, secretary. Offices were in the Chemical National Bank building.[35] John M. Ross was appointed vice president of the Coal & Iron National Bank effective April 1. Mr. Ross was recently vice president of the Lowry National Bank of Atlanta, Georgia, and prior to that represented the National City Bank of New York in Atlanta.[36] In May 1923, H.G. Stenersen was appointed assistant to the president of the Coal & Iron National Bank. He was placed in charge of the commercial banking field. Mr. Stenersen was formerly with the National Bank of Commerce as assistant cashier in charge of business development in the First and Second Federal Reserve districts. In 1917 he was the pioneer in introducing the use of acceptances among New England cotton mills in financing the purchase of cotton.[37]

On August 22, 1923, David Taylor, vice president of the Coal and Iron National Bank of New York City from the time of its organization died in a Manhattan private sanitarium. From the time he joined the Coal and Iron National when it was organized from the Varick Bank until his death, the business of the bank was his business and his only business. The bank was both his vocation and his avocation. He lived for the past 15 years in Madison and was born in Jersey 50 years ago. He was survived by his widow and four children. He was at one time cashier of the Liberty National Bank.[38][39]

Julian W. Potter, new president of the Coal & Iron National Bank, and said to be New York's youngest bank president (he was 33), was formally welcomed by the officers and employees of that institution at their annual dinner and dance Wednesday evening in the Garden Room of the Hotel Martinique. Mr. Potter comes from Bowling Green, Kentucky., where his family has been prominent in banking circles for several generations. In an address he outlined his plans for stimulating the bank's growth. 

"We want the Coal and Iron to be known as the 'friendly bank,'" he said "and every officer and employee should work to that end by endeavoring to give a personal quality to the service which he renders. It is this intimate relation which a bank enjoys with its customers which leads to its ultimate growth and prosperity." John T. Sproull, who was the bank's president since in 1904 and who recently resigned to become chairman, briefly recounted some of his own personal experiences during the early days of the bank's growth.[40]

On July 18, 1924, Thomas F. Maxey, a teller in the Coal and Iron National Bank at 143 Liberty Street, and Paul E. Kline, vice president of the Metropolitan Automotive Sales Company were held under bail in connection with the disappearance of $30,000 from the teller's cage of the bank. They were arraigned before United States Commissioner Hitchcock.[41] In August the U.S. Grand Jury returned true bills against Thomas F. Maxey and Paul E. Kline, charged with embezzlement from the Coal and Iron National Bank.[42]

On Monday, March 29, 1926, the Fidelity Trust Co., Manhattan, representing a combination of the old Coal & Iron National Bank and the Fidelity-International Trust Co., made its debut in the financial district with the opening of its main office in the northwest corner of the Equitable Building. The new quarters which had been extensively remodeled and refitted afforded a more central location than was the case with the two previous locations. The company's statement as of March 25th showed total resources of $54,872,744, capital of $4,000,000, surplus of $2,500,000 and undivided profits of $674,492. Total deposits on that date were $46,238,265.[43] Fidelity-International Trust Co. was formed in July 1920 from the merger of the International Bank and the Fidelity Trust Co. and the new institution started with capital, surplus and undivided profits of $3 million and combined deposits of $20 million.[44]

Directors and Officers of the Coal and Iron National Bank

Name (last, first) Earliest Known Latest Known Other Affiliations
Maynard, Jr., Henry W. 1922[45] 1922 unknown
Beitch, Jr., J.S. 1922[45] 1922 unknown
Harahan, William J. 1922 1922[46] President, Chesapeake and Ohio RR
Wilsey, Frank D. 1916[47] 1922[46] President, New York Boat-Oar Co.
Kemmerer, J.L. 1915[25] 1922[48] unknown
Middleton, John A. 1905[21] 1922[48] First VP, Lehigh Valley RR
Rine, E.M. 1921[33] 1921 VP, Delaware, Lackawanna & Western RR
Disbold, Arthur H. 1920[49] 1920 Treasurer, Bayer Co.
Waterman, G.O. 1913[50] 1919[51] unknown
Besler, William G. 1905[21] 1919[51] Gen. Mgr., Central RR of NJ
Hamilton, Arthur 1919[52] 1919 Central RR of NJ
Loomis, E.E. 1906[23] 1916 VP, Delaware, Lackawanna & Western RR
Bermingham, John F. 1917[29] 1917 President, Lackawana & Western Coal Co.
Hager, William M. 1917[29] 1926[53] Dir., American Car & Foundry Co.
Jadwin, Stanley P. 1917[29] 1917 O.H. Jadwin & Sons, drug manufacturing
Williams, W.H. 1915[25] 1915 Pres., Delaware and Hudson RR
Connor, Daniel F 1905[21] 1915[25] Whitney & Kemmerer, wholesale coal
Joyce, Henry L. 1913[50] 1913 unknown
Parker, James H. (Dr.) 1905[21] 1915[26] Chairman, Mutual Alliance Trust; J.H. Parker & Co., cotton
Drury, H.W. 1914[54] 1914 unknown
Barney, Charles T. 1905[21] 1915 Pres., Knickerbocker Trust Company
Boissevain, D.G. 1905[21] 1905 Boissevain & Co., New York and Amersterdam
Campbell, George H. 1905[21] 1905 Gen. Super., Baltimore & Ohio RR
Corbin, Austin 1905[21] 1905 Corbin Banking Co.; Manhattan Beach Land and Improvement Co.
De Forest, Robert W. 1905[21] 1905 VP, Central RR of NJ; Trustee, New York Trust Co.
Dodd, Allison 1905[21] 1905 Pres., Hudson Coal Co.; Pres., Bloomfield Bank & Trust Co.
Douty, H.W 1905[21] 1914 Treasurer, Central NJ Land Improvement Co.
Duncan, W. Butler 1905[21] 1905 Chairman, Southern RR; Havemeyer Estate
Eldridge, Frederick L. 1905[21] 1905 First VP, Knickerbocker Trust Co.
Harris, George D. 1905[21] 1919[52] George D. Harris & Co., coal operators
Juhring, John C. 1905[21] 1905 VP, Francis H. Leggett & Co.
Lisman, Anthony A. 1905[21] 1910[55] VP, Mount Vernon Trust Co. and Coal and Iron NB; Lisman, Lorge & Co.
McGraw, James H. 1905[21] 1905 Pres., McGraw Publishing Co.
Meeker, Henry E. 1905[21] 1905 Meeker & Co., coal
Peck, Edwin H. 1905[21] 1922[45] E.H. & W.J. Peck, coffees
Randall, William B. 1905[21] 1905 Founder, Mount Vernon Trust Co.; Trust officer, Knickerbocker Trust Co.
Sheffield, George 1905[21] 1905 Sheffield & McCullough, Members, NY Stock Exchange
Sproull, John T. 1905[21] 1905 President, Coal & Iron NB
Taylor, William H. 1905[21] 1923[56] Pres., Goodwin Car Co.
David Taylor 1905[21] 1905 Varick Bank and Second VP, Coal & Iron NB
Voorhees, Stephen H. 1905[21] 1905 Mercantile NB; Chase NB; Royal Bank of Canada
Wallach, Leopold 1905[21] 1905 Wallach & Cook, 33 Wall Street
Weil, Samuel 1905[21] 1905 VP, Schwarzchild & Sulzberger Co.
Woodin, William H. 1905[21] 1905 Dir., American Car & Foundry Co.

On Tuesday evening, November 15, 1910, word reached Mount Vernon by cable of the death in a sanitarium or hospital in England of Anthony A. Lisman, of No. 165 Park Avenue, vice president of the Mount Vernon Trust Company, and a prominent bond broker in New York. He went abroad recently, and before he left had been suffering from heart disease. On his arrival in England it was reported that Mr. Lisman was taken from aboard the boat at Plymouth, seriously ill with the malady. Mrs. Lisman was with him at the time. Mr. Lisman was head of the firm of A.A. Lisman & Co., bond brokers, with offices at No. 25 Broad Street, Manhattan. He was one of the organizers of the Mount Vernon Trust Company of the Coal and Iron National Bank of New York, and of the Ossining National Bank of Ossining, New York. Of the first two, he was vice president at of his death, and of the last named he was a director. For several years he had lived in White Plains. He was fifty years of age, and was educated in Heidelberg, where he graduated in 1877. In 1883 he married Miss Elizabeth Ochs of Dayton, Ohio. He was noted for his capacity to master figures, and for his intimate knowledge of the value of bonds, on which he was an authority. He was prominent in financial circles in New York and other places.[55]

On August 22, 1923, David Taylor, vice president of the Coal and Iron National Bank of New York City from the time of its organization died in a Manhattan private sanitarium. From the time he joined the Coal and Iron National when it was organized from the Varick Bank until his death, the business of the bank was his business and his only business. The bank was both his vocation and his avocation. He lived for the past 15 years in Madison and was born in Jersey 50 years ago. He was survived by his widow and four children. He was at one time cashier of the Liberty National Bank.[57][58]

On April 28, 1924, Michael F. Burns, 70, one of the leading men in the retail coal industry in the United States, president of Burns Brothers, 30 Church Street, died suddenly at his town house, 16 East Sixty-third Street. Mr. Burns had been a prominent figure in the coal business of New York City for many years and he and his son Francis L. Burns, vice president of the company had been spoken of as "the premier men in the retail coal trade." The name of Burns Brothers had been familiar to New York residents for more than a generation. Mr. Burns was also a director of the Coal and Iron National Bank, president and director of the N.Y. and N.J. Real Estate Improvement Company, and a director of the U.S. Distributing Corporation.[59]

On Friday, January 1, 1926, Julian Whitfield Potter, president of the Coal and Iron National Bank died in a Manhattan hospital after a short illness of typhoid pneumonia. He was 36 years old. During the war he was in the Naval Reserve Flying Corps. He resided with his mother at 515 Park Avenue, Manhattan.[60]

On February 5, 1926, John W. Sullivan, 74, president of several drydock and transportation companies and one of the pioneer propeller makers in the country, died at his, home, 857 St. Marks Avenue, Brooklyn. He had lived in this borough for thirty-five years and was born in Staten Island. He was president of the following companies at the time of his death: John W. Sullivan Machine Co., East Ninth Street, Manhattan; Jersey Repair, Drydock & Transportation Co., Elizabeth, New Jersey; Union Drydock Co. at Wechawken, New Jersey; and the Communipaw Drydock Co. at Communipaw, New Jersey. He was also a director of the Coal and Iron National Bank, Liberty and West Streets, Manhattan; and a director the Consolidated Shipbuilding Corporation, Morris Heights, New York. Every summer Mr. Sullivan, who was very fond of children, would take children from the section around Greenwich Village, Manhattan, to the Pine Lawn Farm, at Middletown, New York. The children would get a two weeks' vacation at Mr. Sullivan's expense. He liked young boys and girls so much that he would romp about with them and act as their playfellow. He was survived by his widow, Emma J. O'Neil Sullivan; four sons, Frederick, Irving, Harrison and John; and one daughter, Mrs. James Schenck. Although the funeral arrangements were not completed, it was believed the services would take place Tuesday morning at 9 o'clock at St. Gregory's Church. Burial would be in Greenwood Cemetery under the direction of J.T. Galligan, 204 Bedford Ave.[61]

On April 7, 1926, Andrew Houston Mars, widely-known banker and clubman, died at his home 37 Montgomery Pl., Brooklyn. Mr. Mars was born at Bellvale, New York, September 6, 1873. He began his banking career in 1886 in the Park National Bank, later becoming affiliated with the Bank of the Republic where he remained until 1902 when he became secretary of the Hudson Trust Co. of Hoboken. In 1906 he became secretary of the Home Trust Co. of Brooklyn. A year later he organized and became secretary of the Fidelity Trust Co., Manhattan of which he was vice president at the time of his death. He had made his home in Brooklyn for some years and had an estate at Huntington. In 1902 he married Florence D. Hardie of Brooklyn who survives him together with two daughters, Violet H. and Gladys L. Mars.[62]

On February 13, 1927, Jacob M. Schermerhorn, a member of one of the oldest families in New York, died of heart disease at his residence in the Hotel Hawthorne, 70 West 49th Street, Manhattan. He was born nearly 80 years ago at Homer, New York, a son of the late Jacob Maus Schermerhorn. During the earlier part of his life he was engaged in the steel business at Homer, Syracuse, and in New York, but he retired many years ago. He graduated from Williams in 1869 and belonged to the University Club, Kappa Alpha fraternity, Holland Society, St. Nicholas Society, Sons of the Revolution, and the Society of Colonial Wars.[63]

On August 3, 1930, John T. Sproull of Arlington, New Jersey, former chairman of the advisory committee of the Fidelity Trust Company of New York, died unexpectedly in Nuremberg, Germany. He was traveling with a Christian Endeavor delegation to the world's convention in Berlin. Sproul resigned a year ago from the chairmanship. He was president of the Coal and Iron National Bank when it merged with Fidelity in 1926. Prior to that he was connected with the American Ice Co. and the Varick Bank.[64]

Official Bank Title

1: The Coal and Iron National Bank of the City of New York, NY

Bank Note Types Issued

1902 Red Seal $100 bank note
1902 Red Seal $100 bank note with pen signatures of A.H. Day, Cashier and J.T. Sproull, President. Courtesy of Lyn Knight Auctions, www.lynknight.com
1902 Plain Back $5 bank note
1902 Plain Back $5 bank note with stamped signatures of A.H. Day, Cashier and J.T. Sproull, President. Courtesy of Heritage Auctions, www.ha.com

A total of $5,793,540 in National Bank Notes was issued by this bank between 1904 and 1926. This consisted of a total of 595,516 notes (595,516 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
1902 Red Seal 4x5 1 - 11000
1902 Red Seal 50-100 1 - 2300
1902 Date Back 4x5 1 - 40165
1902 Date Back 3x10-20 1 - 23100
1902 Date Back 50-100 1 - 2150
1902 Date Back 3x50-100 1 - 2800
1902 Plain Back 4x5 40166 - 81222
1902 Plain Back 3x10-20 23101 - 51632

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1904 - 1926):

Presidents:

Cashiers:

Other Known Bank Note Signers

  • No other known bank note signers for this bank

Bank Note History Links

Sources

  • New York, NY, 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. 70, Jan. - June 1905, p. 490.
  2. ↑ The Wall Street Journal, New York, NY, Mon., May 7, 1923.
  3. ↑ New-York Tribune, New York, NY, Sat., Feb. 9, 1901.
  4. ↑ New-York Tribune, New York, NY, Sun., Jan. 12, 1902.
  5. ↑ The Wall Street Journal, New York, NY, Fri., June 1, 1923.
  6. ↑ Brooklyn Eagle, Brooklyn, NY, Fri., Jan. 11, 1901.
  7. ↑ New-York Tribune, New York, NY, Thu., Jan. 17, 1901.
  8. ↑ The Wall Street Journal, New York, NY, Sat., Jan. 19, 1901.
  9. ↑ The New York Times, New York, NY, Wed., Jan. 23, 1901.
  10. ↑ The New York Times, New York, NY, Sat., Dec. 7, 1901.
  11. ↑ The Daily Item, Lynn, MA, Tue., Feb. 18, 1902.
  12. ↑ Joplin News-Herald, Joplin, MO, Mon., Feb. 24, 1902.
  13. ↑ The New York Times, New York, NY, Fri., June 6, 1902.
  14. ↑ New York Times, New York, NY, Tue., Jan. 6, 1903.
  15. ↑ The New York Times, New York, NY, Fri., Mar. 11, 1904.
  16. ↑ The Sun, New York, NY, Tue., Feb. 9, 1904.
  17. ↑ New-York Tribune, New York, NY, Tue., Feb. 9, 1904.
  18. ↑ The Sun, New York, NY, Wed., Mar. 23, 1904.
  19. ↑ The New York Times, Sat., Mar. 26, 1904.
  20. ↑ The Sun, New York, NY, Fri., Apr. 8, 1904.
  21. ↑ 21.00 21.01 21.02 21.03 21.04 21.05 21.06 21.07 21.08 21.09 21.10 21.11 21.12 21.13 21.14 21.15 21.16 21.17 21.18 21.19 21.20 21.21 21.22 21.23 21.24 21.25 21.26 21.27 21.28 The Bankers' Magazine, Vol. 70, Jan. - June 1905, pp 490-2.
  22. ↑ The Wall Street Journal, New York, NY, Fri., Apr. 14, 1905.
  23. ↑ 23.0 23.1 Wall Street Journal, New York, NY, Wed., Jan. 10, 1906.
  24. ↑ The Sun, New York, NY, Wed., Apr. 4, 1906.
  25. ↑ 25.0 25.1 25.2 25.3 The Sun, New York, NY, Wed., Jan. 13, 1915.
  26. ↑ 26.0 26.1 The Wall Street Journal, New York, NY, Thu., Jan. 28, 1915.
  27. ↑ The Sun, New York, NY, Sun., Jan. 30, 1916.
  28. ↑ The Lima Gazette and The Lima Republican, Lima, OH, Fri., Oct. 27, 1916.
  29. ↑ 29.0 29.1 29.2 29.3 New-York Tribune, New York, NY, Thu., Jan. 11, 1917.
  30. ↑ The Wall Street Journal, New York, NY, Tue., Jan. 15, 1918.
  31. ↑ The New York Times, New York, NY, Thu., Jan. 15, 1920.
  32. ↑ The Wall Street Journal, New York, NY, Thu., Jan. 15, 1920.
  33. ↑ 33.0 33.1 The Wall Street Journal, New York, NY, Wed., Jan. 12, 1921.
  34. ↑ The Wall Street Journal, New York, NY, Wed., May 4, 1921.
  35. ↑ The Wall Street Journal, New York, NY, Mon. Mar. 12, 1923.
  36. ↑ The Wall Street Journal, New York, NY, Sat., Mar. 17, 1923.
  37. ↑ The Wall Street Journal, New York, NY, Mon., May 7, 1923.
  38. ↑ Times Union, Brooklyn, NY, Thu., Aug. 23, 1923.
  39. ↑ The Madison Eagle, Madison, NJ, Fri., Sep. 7, 1923.
  40. ↑ The Wall Street Journal, New York, NY, Fri., Apr. 6, 1923.
  41. ↑ Daily News, New York, NY, Fri., July 18, 1924.
  42. ↑ Daily News, New York, NY, Sat., Aug. 2, 1924.
  43. ↑ The Brooklyn Daily Times, Brooklyn, NY, Mon., Mar. 29, 1926.
  44. ↑ The Wall Street Journal, New York, NY, Tue., July 20, 1920.
  45. ↑ 45.0 45.1 45.2 New-York Tribune, New York, NY, Wed., Jan. 11, 1922.
  46. ↑ 46.0 46.1 New-York Tribune, New York, NY, Wed., Jan. 11, 1922.
  47. ↑ New-York Tribune, New York, NY, Tue., Jan. 11, 1916.
  48. ↑ 48.0 48.1 New-York Tribune, New York, NY, Thu., Mar. 16, 1922
  49. ↑ The New York Times, New York, NY, Thu., Jan. 15, 1920.
  50. ↑ 50.0 50.1 The New York Times, New York, NY, Wed., Apr. 9, 1913.
  51. ↑ 51.0 51.1 The New York Times, New York, NY, Fri., Jan. 10, 1919.
  52. ↑ 52.0 52.1 New-York Tribune, New York, NY, Wed., Jan. 15, 1919.
  53. ↑ Daily News, New York, NY, Fri., Sep. 17, 1926.
  54. ↑ The New York Times, New York, NY, Wed., Mar. 11, 1914.
  55. ↑ 55.0 55.1 Mount Vernon Argus, White Plains, NY, Wed., Nov. 16, 1910.
  56. ↑ Times Union, Brooklyn, NY, Thu., Aug. 23, 1923.
  57. ↑ Times Union, Brooklyn, NY, Thu., Aug. 23, 1923.
  58. ↑ The Madison Eagle, Madison, NJ, Fri., Sep. 7, 1923.
  59. ↑ The Brooklyn Daily Times, Brooklyn, NY, Tue., Apr. 29, 1924.
  60. ↑ Brooklyn Eagle, Brooklyn, NY, Sun., Jan. 3, 1926.
  61. ↑ The Brooklyn Daily Times, Brooklyn, NY, Sat., Feb. 6, 1926.
  62. ↑ Brooklyn Daily Times, Brooklyn, NY, Thu., Apr. 8, 1926.
  63. ↑ The Brooklyn Daily Times, Brooklyn, NY, Mon., Feb. 14, 1927.
  64. ↑ Rutland Daily Herald, Rutland, VT, Tue., Aug. 5, 1930.
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