First National Bank, Adams, NY (Charter 71)
First National Bank, Adams, NY (Chartered 1863 - Liquidated 1873)
Town History
Adams is a town in Jefferson County, New York. Named after President John Adams, the town contains a village also named Adams, and Adams Center, one of a number of hamlets, this one north of Adams village. The village and town are south of Watertown. The town had a population of 4,973 at the 2020 census. In 1860 the population was 3,496, declining to 3,081 by 1900.
Settlement began around 1800 at Adams village. David Smith built a sawmill at the present site of Adams in 1801. Renamed for John Adams in 1802 (the year after his presidency ended), the town of Adams was created from the survey townships of Aleppo and Orpheus. The eastern part of Adams was taken in 1804 to form the town of Rodman. A post office was established at Adams about 1806. During the War of 1812, the town of Adams formed a local militia for home defense.
Adams had five National Banks chartered during the Bank Note Era, and all five of those banks issued National Bank Notes.
- First National Bank, Adams, NY (Charter 71)
- Hungerford National Bank, Adams, NY (Charter 1531)
- Adams National Bank, Adams, NY (Charter 2845)
- Farmers National Bank, Adams, NY (Charter 4061)
- Citizens National Bank, Adams, NY (Charter 4103)
Bank History
- Chartered Aug 27, 1863
- Liquidated Mar 7, 1873
- Succeeded by 1531 (Hungerford National Bank, Adams, NY)
The First National Bank of Adams was established August 27, 1863 with a capital of $75,000 and S.D. Hungerford, president, and R.H. Huntington, cashier. Its office was in the Hungerford bank building and it was in some respects tributary to that institution. On March 17, 1873, it was merged into the Deposit National Bank of New York.[1]
Official Bank Title(s)
1: The First National Bank of Adams, NY
Bank Note Types Issued
A total of $92,600 in National Bank Notes was issued by this bank between 1863 and 1873. This consisted of a total of 20,080 notes (20,080 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 Original Series 3x1-2 1 - 520 Original Series 4x5 1 - 4500
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1863 - 1873):
Presidents:
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Adams, 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
- ↑ "History of Chautauqua County, New York, From its First Settlement to the Present Time," by Andrew W. Young, Printing House of Matthews & Warren, Buffalo, NY, 1875, p. 254.