First National Bank of Dolton, IL (Charter 8679)
First National Bank of Dolton, IL (Chartered 1907 - Liquidated 1935)
Town History
Dolton (pronounced "DAWL-ton") is a village in Cook County, Illinois. The population was 21,426 at the 2020 census. Dolton is located just west of the expressway Interstate 94 and immediately south of the city limits of Chicago. Dolton is bordered by Chicago to the north, Riverdale and Harvey to the west, South Holland to the south and Calumet City to the east. A post office has been in operation in Dolton since 1854. The village was named for a family of early settlers.
Dolton had two National Banks chartered during the Bank Note Era, and one of those banks issued National Bank Notes.
Bank History
- Organized April 17, 1907
- Chartered May 8, 1907
- Opened for business May 20, 1907
- Liquidated February 23, 1935
- Succeeded by 14319 (First National Bank in (No Issue), Dolton, IL)
- Circulation assumed by 14319 (First National Bank in (No Issue), Dolton, IL)
In April 1907, an application to organize The First National Bank of Dolton with capital of $25,000 was filed by A.S. Dickman. Officers were Carl Baake, president; A.S. Dickman, vice president; and H. Holmes, cashier. The bank commenced business on May 20, 1907 with deposits of $3,502.95 on opening day. The home of the First National Bank of Dolton was erected by the institution in 1907 at a cost of $16,000 and was a modern office and bank building.
In June 1910, the officers changed to Charles E. Waterman, president; John Shilling, vice president.
On May 15, 1919, sauntering easily into the First National Bank of Dolton shortly after opening of business, three "dude" bandits produced revolvers, locked William Baker, assistant cashier, and a young lady clerk, Miss Esther Reiger, into a rear room, threw a customer into a wash room, and, after scooping up $14,000 in cash, $30,000 In Liberty bonds and $20,000 in government indebtedness securities, escaped in a large gray touring car. Police believed five bandits timed their robbery with the expected arrival of $15,000 for a payroll. The president of the bank was at the railroad station receiving the money while the robbery was going on. The train was 30 minutes late.
The fashionably-dressed bandits drove into Chicago and abandoned the auto at 54th Street and Lowe Avenue. The car belonged to A.L. Allais who had reported it stolen from his garage. Illinois license 117318 of 1919 had been substituted; this license was stolen from a car owned by S. Lang. Albert Wesse, village postmaster, was the first to enter the bank after the bandits' departure and he released the prisoners.
In 1925 the members of the board of directors were Charles E. Waterman, Horace Holmes, John S. Van Deursen, Peter A. Anker, II, J. Dillner, Otto F. Reich, Fred Dickman, H.J. Anders, and M. Robert Weidner.
On Wednesday, January 9, 1935, the national bank in Dolton resumed business under the name of First National Bank in Dolton. Mr. Robert Weidner, president of both the old and new banks, announced it was going through the process of liquidation and would keep the same officers. The officers were Mr. Weidner, president; Herman J. Anders, vice president; W.H. Baker, cashier; and William Staat, assistant cashier. Directors drawn from the old board were O.F. Reich, Fred Waterman, Edwin R. Waterman, Mr. Baker, Mr. Anders, and Mr. Weidner. John W. Malloy, a coal merchant joined the new board.
Official Bank Title(s)
1: The First National Bank of Dolton, IL
Bank Note Types Issued
A total of $568,720 in National Bank Notes was issued by this bank between 1907 and 1935. This consisted of a total of 45,694 notes (34,940 large size and 10,754 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 3x10-20 1 - 650 1902 Date Back 3x10-20 1 - 1850 1902 Plain Back 3x10-20 1851 - 8085 1929 Type 1 6x10 1 - 1202 1929 Type 1 6x20 1 - 368 1929 Type 2 10 1 - 1099 1929 Type 2 20 1 - 235
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1907 - 1935):
Presidents:
- Carl August Frederick Baake, 1907-1909
- Charles Edward Waterman, 1910-1926
- Horace Holmes, 1927-1932 Note: a featured biography is available
- Dr. Morris Robert Weidner, Sr., 1933-1934
Cashiers:
- Horace Holmes, 1907-1926 Note: a featured biography is available
- William H. Baker, 1927-1934
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
Wiki Links
- Illinois Bank Note History
- General information on Dolton (Wikipedia)
- General information on Cook County (Wikipedia)
- General information on Illinois (Wikipedia)
Sources
- Dolton, IL, 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
- Francis Murray Huston, Financing an Empire: History of Banking in Illinois (4 volumes) (Chicago: The S. J. Clarke Publishing Company, 1926), Vol. 2, pp 250-251.
- The Shreveport Journal, Shreveport, LA, Wed., Apr. 10, 1907.
- The Courier-Journal, Louisville, KY, Mon., May 20, 1907.
- The Courier-Journal, Louisville, KY, Mon., June 6, 1910.
- The Pointer, Riverdale, IL, Fri., Oct. 16, 1914.
- The Waterloo Republic-Times, Waterloo, IL, Thu., May 23, 1919.
- The Sacramento Star, Sacramento, CA, Thu., May 15, 1919.
- Evening Times-Republican, Marshalltown, IA, Sat., May 17, 1919.
- Chicago Tribune, Chicago, IL, Wed., Jan. 9, 1935.