New York County NB, New York, NY (Charter 1116)
New York County NB, New York, NY (Chartered 1865 - Liquidated 1921)
Town History
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over 300.46 square miles, New York City is the most densely populated major city in the United States. The city is more than twice as populous as Los Angeles, the nation's second-largest city. New York City is located at the southern tip of New York State. Situated on one of the world's largest natural harbors, New York City comprises five boroughs, each of which is coextensive with a respective county. The five boroughs, which were created in 1898 when local governments were consolidated into a single municipality, are: Brooklyn (Kings County), Queens (Queens County), Manhattan (New York County), the Bronx (Bronx County), and Staten Island (Richmond County). New York City is a global city and a cultural, financial, high-tech, entertainment, glamour, and media center with a significant influence on commerce, health care and scientific output in life sciences, research, technology, education, politics, tourism, dining, art, fashion, and sports. Home to the headquarters of the United Nations, New York is an important center for international diplomacy, and it is sometimes described as the world's most important city and the capital of the world.
Greenwich Village, or simply the Village, is a neighborhood on the west side of Lower Manhattan in New York City, bounded by 14th Street to the north, Broadway to the east, Houston Street to the south, and the Hudson River to the west. Greenwich Village also contains several subsections, including the West Village west of Seventh Avenue and the Meatpacking District in the northwest corner of Greenwich Village. Its name comes from Groenwijck, Dutch for "Green District". In the 20th century, Greenwich Village was known as an artists' haven, the bohemian capital, the cradle of the modern LGBTQ movement, and the East Coast birthplace of both the Beat Generation and counterculture of the 1960s. Greenwich Village contains Washington Square Park, as well as two of New York City's private colleges, New York University (NYU) and The New School.
New York had 180 National Banks chartered during the Bank Note Era, and 143 of those banks issued National Bank Notes.
Bank History
- Organized April 4, 1865
- Chartered May 5, 1865
- Succeeded New-York County Bank
- Liquidated November 21, 1921
- Acquired by 10778 (Chatham and Phenix National Bank, New York, NY)
The New York County Bank
The New York County Bank was founded as a state institution in 1855. Ten years later it was made a national bank. It was located at 14th street and Eighth Avenue in the heart of a busy mercantile district.[3]
In March 1856, Francis Leland, Esq., was appointed president of the New York County Bank in place of Chas. A. Macy, Esq., who had been elected cashier of the Park Bank. Mr. Leland was one of New York's most successful merchants.[4] The statement as of April 5, 1856, showed the average amount of loans and discounts, $317,541.92, average amount of specie, $10,215.69, average amount of circulation, $98,316.00, and average amount of deposits, $147,572.51.[5] The bank had capital of $200,000 and A. Masterton, Jr., was cashier.[6]
The quarterly report of the New-York County Bank as of Saturday, March 25, 1865, showed loans and discounts of $624,758.04, Specie $18,722.83, capital $200,000, circulation $108,000, profits and interest account $101,490.55, and deposits $12,026.76. Francis Leland was president and Isaac G. Ogden, cashier. The notary was Augustus Leland.[7]
The New York County National Bank
On May 16, 1885, Francis Leland died at his home, No. 1 West Thirty-seventh Street, after a long illness. He was born in Boston in 1807; his father was a well-known merchant. When a young man he followed an elder brother to Bogota, South America, and afterward became associated with business houses in Montevideo, where he amassed a small fortune. In 1834 he married Miss Euphrasia Aguilar, daughter of Don Francisco Aguilar, then Vice President of Uruguay. In 1844 he returned with his wife and four children to New York City and continued in the South American trade until the Civil War broke out. In 1855 he was made president of the New-York County Bank, and later he became president of the Sixth National Bank.[8]
In December 1898, officers were Francis L. Leland, president; William H. Jennison, vice president; and Francis M. Breese, cashier. The directors were Joseph Park, Charles B. Webster, Isidor Straus, S.F. Jayne, Francis L. Leland, Hobart J. Park and William H. Jennison. The bank was located at Eighth Avenue and Fourteenth Street with total resources of $4,627,889 and a surplus fund and undivided profits of over $1,000,000. The bank was ranked fourth of the national banks in New York with its stock bid at $1,300.[9]
On May 3, 1899, Alexander Masterton, a director of the Farmers' Loan & Trust Company, 72 years of age, was shot and killed by James Neal Plumb in a hotel on West Thirtieth Street. The murder was premeditated as evidenced by a voluminous statement written in advance by Plumb and given out after his arrest.[10]
In 1902, Francis L. Leland, a son of the former president of the institution, was president. Charles G. Dale, who became cashier about two years ago succeeded Francis M. Breese. The morning of October 13, 1902, cashier Dale shot himself in his home in Manor Road, West New Brighton. According to friends, he had been greatly overworked that summer due to the absence of President Leland and Vice President Jennison. Mr. Dale came into the bank in 1882 and started in a minor position and worked his way up. He was from one of the most prominent Staten Island families.[11]
In December 1905, the New York County National Bank at Eighth Avenue and Fourteenth Street announced it would erect a new building on its present site next spring. The bank recently declared a 50% semi-annual dividend, the 107th dividend paid.[12]
The New York County National Bank Building at 77–79 Eighth Avenue at West 14th Street in the Greenwich Village neighborhood of Manhattan, New York City – also known as the Manufacturers Hanover Trust Company Building – was built in 1906–07 and was designed by De Lemos & Cordes and Rudolphe L. Daus in the Neoclassical style. By 1877 the bank occupied the lot at the southwest corner of Eighth Avenue and 14th Street. In February 1905, it bought the adjacent lot at 77 Eighth Avenue from John Jacob Astor, which contained a three-story printing house.
On Tuesday, January 9, 1906, at the annual meeting of the stockholders, the following gentlemen were elected directors for the ensuing year: Hobart J. Park, Charles B. Webster, William Carpenter, Isidor Straus, Francis L. Leland, Christian F. Tietjen, and Frederick Fowler. At a subsequent meeting of the board of directors, Mr. Francis L. Leland was re-elected president; Mr. Christian F. Tietjen was elected vice president; Mr. Frederick Fowler was elected vice president and cashier; and Mr. James C. Brower was appointed assistant cashier.[13]
In October 1910, E.J. Stalker, who was elected vice president of the Union Bank of Brooklyn on its reorganization in 1908, and who before that had been cashier of the Chase National Bank, became cashier of the New York County National Bank. James C. Brower who had been vice president and cashier would continue in the office of vice president.[14]
On Tuesday, March 28, 1916, Col. Francis L. Leland died at his home, 137 Riverside Drive, New York. Col. Leland, 77, was president of the New York County National Bank and the donor of $1,000,000 in 1912 to the Metropolitan Museum of Art. He was born in Montevideo, the son of Francis and Eufrasia de Aguilar Leland but was educated in this country and lived in New York City fifty years. After serving through the Civil War, Mr. Leland was mustered out as a Lieutenant Colonel. He was for many years a member of Company K, 7th Regiment, and a member of the Veterans' Association of the regiment. As a young man, Mr. Leland joined his father in the New York County National Bank and at the elder Leland's death in 1885, he became its head. As president of the New York Tariff League, Mr. Leland took an active interest in matters affecting the tariff. His 1912 contribution made him the largest individual contributor to the Metropolitan Museum of Art. He was noted for his charitable work and subscribed liberally to the work of various hospitals. He was a director of the Manhattan Screw and Stamping Works, Park & Tilford, the United States Life Insurance Company, and was vice president and director of the West Side Bank. He was a member of the New York Yacht, New York Athletic and Union League clubs and the Loyal Legion. He maintained a home, Villa Tivoli, in Florence, Italy, where he spent his winters for some years. He survived by his widow, who was Miss Adelaide Monte; three sons, Louis F., Dante V. and Frank R. Leland, and one daughter, Miss Amalia Leland.[15] He was a member of the New York Sewanbaka and Larchmont Yacht clubs.[16]
The Safa-el-Bahr, Leland's 219 foot long steam yacht built in 1894 by A.& L. Inglis at Glasgow for the Khedive of Egypt, was being used as a hospital ship in the service of the British Navy. Chartered some time ago through Tams, Lemoine & Crane to an Englishman, it now formed one of a big fleet of yachts used as either hospital ships or to take care of those soldiers convalescing.[17]
In February 1917, Lewis Leland Pierce was elected second vice president and Lawrence J. Grinnon was appointed cashier at a meeting of the directors.[18]
In August 1918, controlling interest in the New York County National Bank was acquired by a group of financial men headed by Oscar F. Cooper, now president of the institution. The syndicate purchased the stock of the Francis L. Leland estate, the Metropolitan Museum of Art and Liggett & Drexel, and the new interests planned an active part in the affairs of the bank. Oscar F. Cooper became identified with the New York County National in the fall of 1917. He was formerly a vice president of the Guaranty Trust Company and was one of the progressive-type of bankers. The had grown in the past few years with total deposits aggregating $9,580,000 with capital of $1,000,000 and loans, discounts and investments of $10,333,000. The directors were James G. Brower, Frank R. Leland, W.H. Noyes, Lewis L. Pierce, George L. Shearer, Ormand G. Smith, Jesse I. Straus, and Christian F. Tietjen. The officers were Oscar F. Cooper, president; James C. Brower, first vice president; Lewis L. Pierce, second vice president; and Lawrence J. Grinnon, cashier.[19]
In January 1921, the New York County National Bank elected as a director Edison Lewis to fill the vacancy caused by the death of Charles Collins. Other directors were re-elected.[20] At the close of business on November 7, 1921, the location of the branch of the Chatham and Phenix National Bank heretofore at Ninth Avenue and 14th Street changed to Eighth Avenue and 14th Street. The business of the New York County National Bank located at the last-mentioned address had been combined with that of The Chatham and Phenix National Bank and would be continued at that address.[21] The New York County National Bank had capital stock of $1,000,000 and deposits of about $14 million. The Chatham and Phenix National had capital of $7 million and deposits of about $114 million. The head office of the Chatham and Phenix National was at 149 Broadway and it operated 12 branches in various parts of the city.[22]
Official Bank Title
1: The New York County National Bank, New York, NY
Bank Note Types Issued
A total of $3,959,000 in National Bank Notes was issued by this bank between 1865 and 1921. This consisted of a total of 437,032 notes (437,032 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 4x5 1 - 13750 Original Series 3x10-20 1 - 2000 Series 1875 4x5 1 - 24480 1882 Brown Back 4x5 1 - 11900 1882 Brown Back 3x10-20 1 - 7143 1902 Red Seal 3x10-20 1 - 7600 1902 Date Back 3x10-20 1 - 30150 1902 Plain Back 3x10-20 30151 - 42385
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1865 - 1921):
Presidents:
- Francis Lincoln Leland, 1865-1885
- Francis Louis Leland, 1885-1916
- Oscar F. Cooper, 1918-1921
- Lawrence J. Grinnon, 1921-1921
Cashiers:
- Isaac Gouverneur Ogden, (II), 1865-1868
- George Henry Wyckoff, 1869-1888
- William Henry Jennison, 1889-1891
- Francis Malbone Breese, 1892-1900
- Charles G. Dale, 1901-1902
- Frederick Fowler, 1903-1906
- James Chester Brower, 1907-1910
- Edwin James Stalker, Sr., 1911-1911
- Thomas Alexis Painter, 1912-1916
- Lawrence J. Grinnon, 1917-1918
- Arthur Scofild Hurst, 1919-1920
- James Chester Brower, 1921-1921
Other Known Bank Note Signers
- No other known bank note signers for this bank
Bank Note History Links
Sources
- New York, 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
- ↑ New-York Tribune, New York, NY, Sat., Dec. 24, 1898.
- ↑ The Bankers' Magazine, Vol. 82, Jan. - June 1911, p. 275.
- ↑ The Evening World, New York, NY, Mon. Oct. 13, 1902.
- ↑ New York Daily Herald, New York, NY, Thu., Mar. 13, 1856.
- ↑ The New York Times, New York, NY, Tue., Apr. 8, 1856.
- ↑ New-York Tribune, New York, NY, Tue., Apr. 8, 1856.
- ↑ New-York Tribune, New York, NY, Sat., Apr. 8, 1865.
- ↑ New-York Tribune, New York, NY, Sun., May 17, 1885.
- ↑ New-York Tribune, New York, NY, Sat., Dec. 24, 1898.
- ↑ Buffalo Courier Express, Buffalo, NY, Thu., May 4, 1899.
- ↑ The Evening World, New York, NY, Mon. Oct. 13, 1902.
- ↑ The Sun, New York, NY, Sun., Dec. 17, 1905.
- ↑ The New York Times, New York, NY, Wed., Jan. 17, 1906.
- ↑ New-York Tribune, New York, NY, Sun., Oct 2, 1910.
- ↑ New-York Tribune, New York, NY, Wed., Mar. 29, 1916.
- ↑ The Day, New London, CT, Wed., Mar. 29, 1916.
- ↑ The Sun, New York, NY, Sun., Mar. 12, 1916.
- ↑ New York Herald, New York, NY, Wed., Feb. 7, 1917.
- ↑ New York Herald, New York, NY, Fri., Aug. 23, 1918.
- ↑ New York Herald, New York, NY, Wed., Jan. 12, 1921.
- ↑ The Evening World, New York, NY, Fri., Nov. 11, 1921.
- ↑ New York Herald, New York, NY, Fri., Nov. 4, 1921.