Fourth Street National Bank, Philadelphia, PA (Charter 3557)

From Bank Note History
Jump to navigation Jump to search
The Fourth Street National Bank of Philadelphia, Pennsylvania.
The Fourth Street National Bank of Philadelphia, Pennsylvania.

Fourth Street National Bank, Philadelphia, PA (Chartered 1886 - Closed 1926)

Town History

Penn Square Office of the Fourth Street National Bank, ca1924.
Penn Square Office of the Fourth Street National Bank, ca1924.

Philadelphia is located in Philadelphia County, in the southeast corner of Pennsylvania. It is currently the sixth-most-populous city in the United States and the most populous city in the state of Pennsylvania. It is also the second-most populous city in the Northeastern United States, behind New York City.

Philadelphia is one of the oldest municipalities in the United States. William Penn, an English Quaker, founded the city in 1682 to serve as capital of the Pennsylvania Colony. It grew on the steep banks of the Delaware River into a hub of international trade and monetary influence. The royal post-office was established in this city by Franklin. Mail would pass uninterrupted from Crown to Republic, the one royal department which did so. The Colonies used the old expresses and mail routes leading up to and through the revolution. Philadelphia played an instrumental role in the American Revolution as a meeting place for the Founding Fathers of the United States, who signed the Declaration of Independence in 1776 in Carpenters' Hall, and the Constitution at the Philadelphia Convention of 1787 in Independence Hall.

Philadelphia was the second Capitol after New York City during George Washington's presidency. On April 2, 1792, the United States Mint opened its doors here with David Rittenhouse, former treasurer of Pennsylvania, the first director. The American Philosophical Society was the first scientific society in the land and still meets in the hall Franklin secured for it. Former townships and boroughs of Bristol, Richmond, Kensington, Germantown, Manayunk, Northern Liberties, Southwark, to name a few, were consolidated into Philadelphia in 1854 which then occupied all of Philadelphia County.

During the National Bank Note Era (1863-1935), the population of Philadelphia was 674,022 in 1870, growing to 1,950,961 in 1930. Its highest population was 2,071,605 in 1950, and the current population is estimated at 1,584,064 (2019).

Philadelphia had 70 National Banks chartered during the Bank Note Era, and 62 of those banks issued National Bank Notes. Philadelphia also had 27 Obsolete Banks that issued Obsolete Bank Notes during the Obsolete Bank Note Era (1782-1866).

Bank History

  • Organized September 1, 1886
  • Chartered September 15, 1886
  • Assumed 1647 by consolidation January 11, 1898 (NB of the Republic, Philadelphia, PA)
  • Assumed 413 by consolidation April 18, 1898 (Seventh National Bank, Philadelphia, PA)
  • Assumed 556 by consolidation May 31, 1898 (Commercial NB of Pennsylvania, Philadelphia, PA)
  • Closed April 1, 1926
  • Consolidated with 5459 April 1, 1926 (Franklin National Bank, Philadelphia, PA)
  • Circulation assumed by 5459 (Franklin National Bank, Philadelphia, PA)

Official Bank Title(s)

1: The Fourth Street National Bank of Philadelphia, PA

Bank Note Types Issued

1882 Brown Back $100 bank note with printed signatures of R.H. Rushton, Cashier and S.F. Tyler, President.
1882 Brown Back $100 bank note with printed signatures of R.H. Rushton, Cashier and S.F. Tyler, President. Courtesy of Heritage Auctions, www.ha.com
1882 Brown Back $5 bank note with printed signatures of E.F. Shanbacker, Cashier and R.H. Rushton, President.
1882 Brown Back $5 bank note with printed signatures of E.F. Shanbacker, Cashier and R.H. Rushton, President. Courtesy of Heritage Auctions, www.ha.com
1902 Red Seal $5 bank note with printed signatures of W.Z. McLear, Cashier and R.H. Rushton, President.
1902 Red Seal $5 bank note with printed signatures of W.Z. McLear, Cashier and R.H. Rushton, President. Courtesy of Heritage Auctions, www.ha.com
1902 Date Back $50 bank note with printed signatures of R.J. Clark, Cashier and E.F. Shanbacker, President.
1902 Date Back $50 bank note with printed signatures of R.J. Clark, Cashier and E.F. Shanbacker, President. Courtesy of Heritage Auctions, www.ha.com

A total of $23,393,300 in National Bank Notes was issued by this bank between 1886 and 1926. This consisted of a total of 2,556,584 notes (2,556,584 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
1882 Brown Back 4x5 1 - 139405
1882 Brown Back 3x10-20 1 - 85102
1882 Brown Back 50-100 1 - 14354
1902 Red Seal 4x5 1 - 55250
1902 Red Seal 3x10-20 1 - 36400
1902 Red Seal 50-100 1 - 500
1902 Date Back 4x5 1 - 179370
1902 Date Back 3x10-20 1 - 132192
1902 Date Back 3x50-100 1 - 4000

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1886 - 1926):

Presidents:

Cashiers:

Other Bank Note Signers

  • There are currently no known Vice President or Assistant Cashier bank note signers for this bank.

Wiki Links

Sources

  • Philadelphia, PA, 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
Retrieved from "https://banknotehistory.mywikis.wiki/w/index.php?title=Fourth_Street_National_Bank,_Philadelphia,_PA_(Charter_3557)&oldid=43267"