Dundee National Bank, Dundee, NY (Charter 2463)
Dundee National Bank, Dundee, NY (Chartered 1880 - Open past 1935)
Town History
Dundee is a village in Yates County, New York, in the Finger Lakes Region halfway between Elmira and Geneva. The population was 1,725 at the 2010 census. In 1880 the population was 1,025, growing to 1,291 by 1900.
The name was taken from Dundee, the city in Scotland with a population of 148,260. The Village of Dundee is in the Town of Starkey. In 1859, 1860, and 1861, the village was severely damaged by fires. Dundee was the original home of Seneca Foods founded in 1949.
Dundee had one National Bank chartered during the Bank Note Era, and it issued National Bank Notes.
Bank History
- Organized February 19, 1880
- Chartered March 8, 1880
- Succeeded L. J. Wilkin
- Bank was Open past 1935
Lewis J. Wilkin was one of the early settlers of Dundee. He was a member of the Yates County Bar and practiced law extensively. He was known throughout Yates County not only as a lawyer, but as a banker, supervisor, justice of the peace and a man of active business affairs. He operated a private bank in his name as early as September 1873. During his busy life he did much toward building up the village and shaping its affairs. He passed away on June 28, 1903.
In February 1880, the Dundee National Bank would begin with capital of $50,000, the stock mostly owned by Penn Yan parties. Lewis J. Wilkin, the private banker would retire from banking having leased his building and sold his safe and fixtures to the national bank. On Thursday, February 19, 1880, officers of the Dundee National Bank were elected at a meeting of the stockholders held in Penn Yan. James Spicer of Dundee was president; Morris F. Sheppard of Penn Yan, vice president; and Frank R. Durry of Penn Yan, cashier. Twelve directors were also elected. The bank would open for business on April 1st.
On November 15, 1883, the building on the west side of Main Street occupied lately by the Dundee National Bank was sold by its owner L.J. Wilkin to James Spicer for $4,500. This building was erected by Mr. Wilkin in 1867 and since then it had been recognized as the best built building in Yates County.
In January 1884, the officers elected were James Spicer, president; T. Dewitt Beekman, vice president; George T. Shattuck, cashier. The directors were James Spicer, G.H. Shattuck, T.D. Beekman, J.V. Bigelow, T.D. Willis, Stout Smith, F.M. McDowell, and W.T. Morris.
In January 1893, stockholders elected the following directors: James Spicer, T.D. Beekman, W.S. Booth, B. Titsworth, George S. Shattuck, Lyman Reeder, J.L. McAlpine, C.T. Willis, John Swartout. The officers chosen by the directors were James Spicer, president; T.D. Beekman, vice president; and George S. Shattuck, cashier.
In January 1924, the stockholders elected the following directors: T.D. Beekman, C.J. Bigelow, G.S. Shattuck, C.A. Miles, P.L. Harpending, A.S. Barnes, and C.R. Brewer. The officers were George Shattuck, president; T.D. Beekman, vice president; Carl Miles, cashier; Clarence Clark, assistant cashier.
In September 1926, Carl A. Miles sold his home on Hollister Street, Dundee to A.N. Dewey. Mr. Dewey planned to conduct his funeral parlors at this place. Mr. Miles and family were moving to Painted Post. Mr. Miles had been cashier of the Dundee National Bank.
On Friday, March 1st, 1929, George Shattuck celebrated his 82nd birthday. He was born in 1847 at Altay, New York and was a teacher, but soon left to enter banking. In 1876 he worked with Lewis Wilkin who conducted a private bank in Dundee. In 1880 he entered the Dundee National Bank and was elected cashier in 1882 and president in 1898. Mr. Shattuck was a deacon of the Baptist Church and served as treasurer of the village for many years.
In January 1930, the directors were C. Raymond Brewer, G.S. Shattuck, Pier L. Harpending, Charles Hoyt, and Nina Earnest. The officers were George Shattuck, president; Pier L. Harpending, vice president; and Clarence Clark, assistant cashier.
In January 1935, the stockholders elected P.L. Harpending, Raymond Brewer, Lee Coleman, Nina Earnest, L.L. Eyrich and Fred Malony, directors. The officers were Pierre Harpending, president; Lee coleman, vice president; Lester Eyrich, cashier; R. Lyle Shaw, assistant cashier.
In January 1942, The stockholders elected to following directors: George Lawson, Fred Malony, C.R. Brewer, P.L. Harpending and C. Coleman. The officers were Pierre L. Harpending, president; Lee Coleman, vice president; Robert Shaw, cashier; Ruth Sayre, assistant cashier.
In September 1942, at a meeting of the stockholders it was voted to liquidate. This move was taken because of the death of Pierre L. Harpending, president of the bank and also because of the loss of several employees who entered the army. The Dundee State Bank was cooperating with officials of the National Bank in making the change. Depositors were given the usual 60-days notice to withdraw funds. There were more assets than necessary to pay all liabilities.
Official Bank Title(s)
1: The Dundee National Bank, Dundee, NY
Bank Note Types Issued
A total of $347,270 in National Bank Notes was issued by this bank between 1880 and 1935. This consisted of a total of 47,169 notes (44,344 large size and 2,825 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments Series 1875 4x5 1 - 6231 1882 Brown Back 4x5 1 - 625 1882 Brown Back 3x10-20 1 - 740 1882 Date Back 4x5 1 - 1000 1882 DB/VB 4x5 1001 - 1100 Type uncertain 1882 Value Back 4x5 1101 - 1224 1882 Date Back 3x10-20 1 - 820 1882 DB/VB 3x10-20 821 - 900 Type uncertain 1882 Value Back 3x10-20 901 - 960 1902 Plain Back 3x10-20 1 - 1306 1929 Type 1 6x10 1 - 314 1929 Type 1 6x20 1 - 104 1929 Type 2 10 1 - 229 1929 Type 2 20 1 - 88
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1880 - 1935):
Presidents:
- James Spicer, 1880-1895
- James V. Bigelow, 1896-1897
- George Sidney Shattuck, 1898-1930
- Pierre L. Harpending, 1931-1935
Cashiers:
- Frank R. Durry, 1880-1880
- George Scott Sheppard, 1881-1881
- George Sidney Shattuck, 1882-1897
- Clarence M. Clark, 1898-1920
- Robert Stanton Wall, 1921-1922
- Carl A. Miles, 1923-1925
- Clarence M. Clark, 1930-1930
- Lester Leon Eyrich, 1931-1934
- Robert L. Shaw, 1935-1935
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Dundee, 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
- New-York Tribune, New York, NY, Wed., Sep. 24, 1873.
- Democrat and Chronicle, Rochester, NY, Wed., Feb. 18, 1880.
- Democrat and Chronicle, Rochester, NY, Tue., Feb. 24, 1880.
- Chronicle-Express, Penn Yan, NY, Wed., Nov. 28, 1883.
- Chronicle-Express, Penn Yan, NY, Wed., Jan. 16, 1884.
- Chronicle-Express, Penn Yan, NY, Mon., Jan. 16, 1893.
- Star-Gazette, Elmira, NY, Fri., Jan. 11, 1924.
- Star-Gazette, Elmira, NY, Tue., Sep. 7, 1926.
- Star-Gazette, Elmira, NY, Mon., Mar. 4, 1929.
- Star-Gazette, Elmira, NY, Sat., Jan. 18, 1930.
- Star-Gazette, Elmira, NY, Mon., Jan. 14, 1935.
- Star-Gazette, Elmira, NY, Mon., Jan. 19, 1942.
- Star-Gazette, Elmira, NY, Sat., Sep. 19, 1942.