First National Bank of Nevada, MO (Charter 3959)
First NB of Nevada, Missouri/First NB, Nevada, MO (Chartered 1889 - Open past 1935)
Town History
Nevada (/nɪˈveɪdə/ niv-AY-də) is a city in and the county seat of Vernon County, Missouri. The population was 8,212 at the 2020 census. In 1880, the population was 1,913, growing rapidly to 7,262 by 1890.
Nevada was originally called "Hog Eye" by European-American settlers, and under that name was platted in 1855. The town's name was changed to Nevada by circuit and county clerk DeWitt C. Hunter, after Nevada City, California, where he had been a gold miner.
From 1897 to 1933, Nevada was home to the Weltmer Institute of Suggestive Therapeutics, founded by Sidney Abram Weltmer and Joseph H. Kelly. The Institute attracted so many clients that the railroad added new trains to its schedule serving the town. In addition, the volume of mail associated with the institute's business resulted in the post office being classified as first class, and the government building a new, larger post office to handle it. The Weltmer Institute became the center of associated wellness systems and practitioners in town, which increased in prosperity. It attracted clairvoyants and psychotherapists, emerging as a new profession. It also attracted people promising various types of miracle cures for such illnesses as tuberculosis, which then had no cure. After Weltmer's death and the institute's closure in 1933, the mansion was sold for use as a funeral home.
In the early 20th century, the town attracted many enthusiasts of what was known as the New Thought Movement.
Nevada had two National Banks chartered during the Bank Note Era, and both of those banks issued National Bank Notes.
Bank History
- Organized November 28, 1888
- Chartered January 12, 1889
- Acquired the Farmers Bank of Nevada, Missouri, September 1924
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Still in business as First National Bank of Nevada, MO (January 2024)
On November 28, 1888, the First National Bank of Nevada was organized with E.E. Kimball, late republican candidate for governor, as president; H.P. Hildebrant as vice president; and F.E. Carr, late of Hutchinson, Kansas, as cashier. The capital stock of $100,000 was mainly held by J.W. Sponable of Paola, Kansas and R.R. Price and F.E. Carr of Hutchinson.[1]
Shareholders elected a board of directors as follows: E.E. Kimball, H.P. Heldebrant, M.T. January, J.J. Tucker, O.J. Miller, J.H. Donnelly, of Nevada; and J.W. Sponable of Paola, Kansas; and R.R. Price of Hutchinson, Kansas. The board chose Hon. E.E. Kimball, president. The bank planned to open for business on January 1st, 1889.[2]
In February 1889, the officers were E.E. Kimball, president; H.P. Hildebrandt, vice president; T.E. Carr, cashier; and Walter S. Harris, bookkeeper. The directors were E.E. Kimball, J.H. Donley, O.J. Miller, H.P. Hildebrant, J.J. Tucker, M.T. January, J.W. Sponable, and R.R. Price.[3]
In January 1891, the directors were O.J. Miller, H.P. Hildebrant, J.J. Tucker, M.T. January, J.W. Sponable, H.L. Tillotson, Theo. Lacaff, G.A. Pinnell, Joseph Nipp, F.H. Glenn, and T.E. Carr.[4]
In January 1909, the directors were F.H. Glenn, Wellington Barnes, M.T. January, W.D. Bailey, W.T. Goss, H.P. Hildebrant, N. Johannes, W.F. Sterett, and Woody Swearingen. The officers were F.H. Glenn, president; Wellington Barnes, vice president; Wooddy Swearingen, cashier; and W. F. Sterett, assistant cashier.[5] On Monday, April 12, 1909, H.P. Hildebrant, a highly respected resident of Nevada, died at his home on North Washington Street. He was 76 years of age and one of the wealthiest citizens of Nevada, owning much valuable business property and one of the finest residences in the city. For many years he was a member of the Board of Directors of the First National Bank.[6]
On September 2, 1924, a telegram to the state finance department stated the First National Bank of Nevada had taken over the Farmers Bank of Nevada. The Farmers Bank's last statement showed resources of $75,289, loans of $53,139, and was capitalized at $25,000. There was no surplus. S.H. Freeman was president and R.H. Maddox, cashier.[7]
On Saturday night, February 8, 1936, French H. Glenn, 80, died. He was in partnership with Wm. T. Goss in New London, operating a clothing business as Goss and Glenn. Mr. Glenn's wife was Miss Lena Biggs of New London. Mr. Glenn was a native of Monroe County, Missouri and was survived by one son, Dr. Kem Glenn.[8]
Official Bank Titles
1: The First National Bank of Nevada, Missouri, Nevada, MO
2: The First National Bank of Nevada, MO [1929]
Bank Note Types Issued
A total of $1,739,200 in National Bank Notes was issued by this bank between 1889 and 1935. This consisted of a total of 190,261 notes (152,700 large size and 37,561 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1: 1882 Brown Back 3x10-20 1 - 5700 1: 1882 Brown Back 50-100 1 - 634 1: 1902 Date Back 4x5 1 - 5050 1: 1902 Date Back 3x10-20 1 - 4960 1: 1902 Plain Back 4x5 5051 - 17985 1: 1902 Plain Back 3x10-20 4961 - 14173 2: 1929 Type 1 6x5 1 - 3450 2: 1929 Type 1 6x10 1 - 1722 2: 1929 Type 1 6x20 1 - 454 2: 1929 Type 2 5 1 - 2200 2: 1929 Type 2 10 1 - 1365 2: 1929 Type 2 20 1 - 240
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1889 - 1935):
Presidents:
- Elbert Erwin Kimball, 1889-1889
- Judge Hiram L. Tillotson, 1890-1902
- Theodore Lacaff, 1903-1908
- French Humbolt Glenn, 1909-1935
Cashiers:
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Nevada, MO, 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
- ↑ The Kansas City Times, Kansas City, MO, Thu., Nov. 29, 1888.
- ↑ Evening Advocate, Clinton, MO, Mon., Dec. 3, 1888.
- ↑ Nevada Noticer, Nevada, MO, Thu., Feb. 14, 1889.
- ↑ Nevada Noticer, Nevada, MO, Thu., Feb. 5, 1891.
- ↑ The Weekly Post, Nevada, MO, Fri., May 21, 1909.
- ↑ The Southwest Mail, Nevada, MO, Fri., Apr. 16, 1909.
- ↑ Joplin Globe, Joplin, MO, Wed., Sep. 3, 1924.
- ↑ Ralls County Record, New London, MO, Fri., Feb. 14, 1936.