National Bank, Pawling, NY (Charter 1269)
National Bank, Pawling, NY (Chartered 1865 - Closed (Merger) 1983)
Town History
Pawling is a town in Dutchess County, New York. Its population was 8,012 at the 2020 census. The town is named after Catherine Pauling, the daughter of Col. Henry Beekman, who in 1697 held the second largest land patent in the county. The town is in the southeastern part of the county, and contains a village of the same name.
Pawling had one National Bank chartered during the Bank Note Era and it issued National Bank Notes.
Bank History
- Organized April 13, 1865
- Chartered June 14, 1865
- Succeeded Bank of Pawling
- Bank was Open past 1935
- For Bank History after 1935 see FDIC Bank History website
- Merged into Key Bank of Southeastern New York N.A. in Chester, NY, January 29, 1983
In 1849, the following new banking associations commenced business under the general banking law: Merchants' Exchange Bank, New York; Broadway Bank, New York; Bank of Pawling, Pawling, Commercial Bank of Whitehall, Whitehall; and Watertown Bank and Loan Company, Watertown.
In April 1851, a building was begun for the Bank of Pawling which thus far had conducted business at the well-known Slocum place. In January 1852, the circulation was reported as $100,200.
In August 1854, James M. Brewer who was announced as having received the appointment as teller in the Bank of Sing Sing had since been appointed cashier of the Bank of Pawling.
In May 1864, a rumor circulated that the Bank of Pawling, Dutchess County, New York had suspended. In reply to a question from the editor of the Litchfield Enquirer, the cashier of the bank wrote the following: "...In reply, I will simply say that the whole matter is one of the most contemptible falsehoods that was ever placed in circulation, and without any foundation whatever. I commenced with the Bank of Pawling in 1849, and know it to be perfectly sound. I have orders to purchase for parties some the the stock at $130 per share, but find no sellers. The shares are $100 each. Yours Respectfully, J.W. Bowdish, Cashier."
In September 1865, William Overton and William Overton, Jr., English engravers were arrested for counterfeiting. Treasury department officials made a connection between Wm. Overton of Williamsburg and a young man occupying an apartment at No. 835 Third Avenue, New York City. On the 25th detectives smashed open the door and entered the apartment. Overton was there, seated at his bench working on a $10 plate of the Bank of Pawling. Before he had time to cast aside his graver, the detectives were upon him. Caught in the act, he surrendered with as good a grace as possible. A plate of $10 on the Farmers' Bank of Washington County, Fort Edward, was found in the room. It was an almost perfect facsimile of the original, only the engraving of the vignette was a little better than the original. Overton's dies, lathes, tools, unfinished plates, paper and other materials were in the hands of the Treasury. A fractional currency plate of 25 Cents was also found in young Overton's room. He confessed to detectives and gave information that led to the discovery of his father at No. 35 Grand Street, Williamsburg in Brooklyn. Detectives captured Overton Sr. on the 27th, he having not heard of the arrest of his son. The Overton's were said to be among the most skillful currency counterfeiters, having made many of the best imitations of the United States Treasury notes and fractional currency. They immigrated from England around 1856. A bank book with an entry for $4,000 in 1861 was found indicating an early, illicit success.
In January 1890, the directors elected the following officers: Albert J. Akin, president; J.B. Dutcher, vice president; George W. Chase, cashier; Joseph F. Haight, teller; and Fred. C. Taber, bookkeeper.
On February 20, 1928, John Gerow Dutcher, president of the National Bank of Pawling, died there at his home. He was born in New York in 1865, the son of John B. and Christina Dodge Dutcher, and was graduated from the Sheffield Scientific School of Yale University in 1885. In 1894, he married Helen Willets of New York. He always lived in the ancestral home. Of late years he was largely interested in the breeding of prize Holstein cattle and in the national bank of which he was president since succeeding his father in 1911.
On Tuesday, January 14, 1930, Albert E. Dodge of Pawling was promoted from assistant cashier to cashier to succeed Fred C. Taber. Merrick B. Green was elected assistant cashier in place of Mr. Dodge. The directors were Charles H. Baker, Fred C. Taber, Seward Green, Merrick B. Green, Henry Holmes, Daniel C. Ludington, John R. Coleman, Jay Hurd, and George E. Jennings. The officers were Fred C. Taber, president; Seward T. Green, first vice president; Henry A. Holmes, second vice president; Alfred E. Dodge, cashier; Merrick B. Green, assistant cashier. On January 20th, Frederic Crawford Taber, who had been undergoing treatment for several weeks and thought to be on the road to recovery, died of complications in Vassar Hospital, Poughkeepsie. He entered the employ of the National Bank of Pawling on September 21st, 1876 and for 53 years served faithfully as teller, cashier, vice president, directors and for the past two years as president, succeeding the late Mr. John G. Dutcher. He was master of the Harlem Valley Lodge, No. 827 and was also a member of Brewster Chapter, Royal Arch Masons. He was for many years a trustee of the Pawling Savings Bank.
In January 1931, all officers were re-elected at the annual meeting. Seward T. Green, president; Henry A. Holmes, first vice president; John D. Coleman, second vice president; Albert E. Dodge, cashier; and Egbert T. Green, assistant cashier.
On Tuesday, January 8, 1946, Egbert T. Green, assistant cashier for the past 15 years was named cashier at the annual meeting of stockholders. Mr. Green started with the bank 25 years earlier and succeeded Albert E. Dodge who died the previous week. Ethel M. Gibney was chose assistant cashier. Directors and officers re-elected were Helen Willetts Dutcher, Mr. Green, Henry A. Holmes, Howard N. Allen, Emory G. Cole, George E. Jennings, and Daniel G. Ludington. The officers re-elected were Mr. Holmes, president; Mr. Ludington, first vice president; Mr. Jennings, second vice president; and Frank J. Thomas, assistant cashier.
In January 1965, directors re-elected for the year were Egbert T. Green, Charles H. Ludington, Stuart A. Chertick, Supervisor Kenneth J. Utter, Charles R. Daniels and James F. Sheridan. The officers were Mr. Daniels, board chairman; Mr. Green, president; Mr. Ludington, cashier; Mr. Jennings, vice president; Egbert T. Green, Jr. first assistant cashier; Mrs. Ann Soraci, assistant cashier; Frank J. Thomas, auditor.
Official Bank Title(s)
1: The National Bank of Pawling, NY
Bank Note Types Issued
A total of $2,884,710 in National Bank Notes was issued by this bank between 1865 and 1935. This consisted of a total of 338,154 notes (301,986 large size and 36,168 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 - 3500 Original Series 4x5 1 - 4000 Original Series 3x10-20 1 - 2845 Original Series 3x50-100 1 - 382 Series 1875 3x1-2 1 - 1110 Series 1875 4x5 1 - 945 Series 1875 3x10-20 1 - 2399 Series 1875 3x50-100 1 - 430 1882 Brown Back 4x5 1 - 13219 1882 Brown Back 3x10-20 1 - 9175 1882 Brown Back 50-100 1 - 595 1902 Red Seal 4x5 1 - 1750 1902 Red Seal 3x10-20 1 - 1200 1902 Date Back 4x5 1 - 7700 1902 Date Back 3x10-20 1 - 5560 1902 Plain Back 4x5 7701 - 20490 1902 Plain Back 3x10-20 5561 - 13754 1929 Type 1 6x5 1 - 1896 1929 Type 1 6x10 1 - 1230 1929 Type 1 6x20 1 - 344 1929 Type 2 5 1 - 9096 1929 Type 2 10 1 - 4980 1929 Type 2 20 1 - 1272
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1865 - 1935):
Presidents:
- Albert John Akin, 1865-1892
- John Bowdish Dutcher, 1893-1910
- John Gerow Dutcher, 1911-1927
- Frederic Crawford Taber, 1928-1929
- Seward Theron Green, 1930-1931
- Henry A. Holmes, 1932-1935
Cashiers:
- Jackson W. Bowdish, 1865-1871
- George W. Chase, 1872-1920
- Frederic Crawford Taber, 1921-1927
- Albert Edwin Dodge, 1928-1935
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- Pawling, 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
- Charles J. DiComo, PhD, "Banking in the Village of Pawling, NY and Surrounding Townships", accessed Sep. 19, 2023.
- The Evening Post, New York, NY, Tue., Jan. 8, 1850.
- Poughkeepsie Journal, Poughkeepsie, NY, Sat., Apr. 19, 1851.
- Albany Evening Journal, Albany, NY, Mon., Jan. 12, 1852.
- Poughkeepsie Journal, Poughkeepsie, NY, Sat., Aug. 19, 1854.
- Litchfield Enquirer, Litchfield, CT, Thu., May 12, 1864.
- New York Daily Herald, New York, NY, Sat., Sep. 30, 1865.
- Poughkeepsie Eagle-News, Poughkeepsie, NY, Mon., Jan. 20, 1890.
- Times Union, Brooklyn, NY, Tue., Feb. 21, 1928.
- Poughkeepsie Eagle-News, Poughkeepsie, NY, Wed., Jan. 15, 1930.
- Poughkeepsie Eagle-News, Poughkeepsie, NY, Fri., Jan. 16, 1931.
- Poughkeepsie Journal, Poughkeepsie, NY, Wed., Jan. 9, 1946.
- Poughkeepsie Journal, Poughkeepsie, NY, Tue., Jan. 12, 1965.