Ninth NB of the City of New York, NY (Charter 387)

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Engraving of the Ninth National Bank of New York City, erected in 1869 at No. 409 Broadway.
Engraving of the Ninth National Bank of New York City, erected in 1869 at No. 409 Broadway.

Ninth NB of the City of New York, NY (Chartered 1864 - Liquidated 1901)

Town History

Bank title block proof for the Ninth National Bank of the City of New York. Proofs were reviewed and approved before plates were prepared. The banknote companies printed the backs and faces of Nationals from 1863 to July 1875. The Continental Bank Note Co. of New York printed the faces of $5 Nationals during this time period. No Original Series $5 notes are known for the Ninth National Bank.
Bank title block proof for the Ninth National Bank of the City of New York. Proofs were reviewed and approved before plates were prepared. The banknote companies printed the backs and faces of Nationals from 1863 to July 1875. The Continental Bank Note Co. of New York printed the faces of $5 Nationals during this time period. No Original Series $5 notes are known for the Ninth National Bank. Courtesy of Heritage Auctions, www.ha.com

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.

New York had 180 National Banks chartered during the Bank Note Era, and 143 of those banks issued National Bank Notes.

Bank History

  • Chartered April 18, 1864
  • Liquidated December 31, 1901
  • Absorbed by 1290 (N Citizens B/Citizens Central NB/Citizens NB, New York, NY)

Subscription books for the Ninth National Bank of the City of New York were opened at Livermore, Clews & Co.'s banking office, 32 Wall Street on Thursday, March 3, 1864. The authorized capital was $2,000,000 and business would commence with paid-in capital of $500,000. Directors were elected from 2 to 4 pm on Thursday, March 3, in the temporary office at No 353 Broadway. The following board of directors was elected: William A. Kobbe, Thomas A. Vyse, Jr., George A. Wicks, Barnet L. Solomon, George A. Fellows, Solomon L. Hull, Charles Minzesheimer, J.O. Whitehouse, and Joseph U. Orvis. Mr. Joseph U. Orvis was unanimously chosen as president. In April 1864, the directors selected Mr. H.M. Humphrey, president of the First National Bank of Stamford, Connecticut, as its cashier. Mr. Humphrey had much experience in banking in the Phenix Bank and Bank of New York and also as cashier of the Bank of Stamford.

On April 18, 1864, the comptroller of the currency authorized the Ninth National Bank to commence business. The Ninth would shortly thereafter commence business on the corner of Broadway and Canal Street. On May 25th, the bank moved into their new banking rooms at No. 363 Broadway, southwest corner of Franklin Street. The officers invited friends and customers to inspect the rooms and about 200 gentlemen assembled there at the close of business including Hon. George Folson, Prof. Webster, C.S. Wilson, Esq. of the Continental Bank Note Company, Hon. S. Dutchen and others.

In 1868, the directors were William A. Kobbe, Thomas A. Vyse, Jr., B.L. Solomon, George A. Fellows, A.J. Wood, J.O. Whitehouse, and James Dayton. Thomas A. Vyse, Jr., was president and John T. Hill, cashier.

On January 8, 1901, stockholders elected directors for the ensuing year as follows: Jordan J. Rollins, Albert C. Hall, Augustus F. Libby, N.S.W. Vanderhoef, Warner Van Norden, James B. Dill, William W. Peabody, Jr., George F. Randolph, Guy G. Major, Catholina Lambert, Charles T. Root, Carl A. Spilker, Alexander King, Samuel Eiseman, and Alvah Trowbridge. At a subsequent meeting of the board of directors, Mr. Alvah Trowbridge was elected president; H.H. Nazro, cashier and A.K. Chapman, assistant cashier.

On May 3, 1901, Hiram H. Nazro, cashier of the Ninth National Bank died suddenly at his home, 263 West Twenty-third Street in his fifty-seventh year of his age. He had been the cashier of the Ninth National Bank for thirty-seven years. On October 29, 1901, at a meeting of the board of directors, William H. Halls, Jr., one of the vice presidents of the Hanover National Bank was elected a director and Nelson A. Reynolds, who had been the city manager of the Hanover National Bank, was appointed cashier. Albion K. Chapman voluntarily tendered his resignation as cashier, but was immediately appointed assistant cashier. Controlling interests had passed to the Hanover National and other financial interests. For at least three years, there were reports that the Ninth was about to be consolidated with one or more banks in its neighborhood. The Ninth was at No. 407 Broadway, near Walker Street in the heart of the dry goods district, and although a comparatively small institution, was regarded as having favorable prospects. Control of the Ninth National was acquired by the Heath interests when they took over the Seventh National Bank. [A syndicate headed by Perry S. Heath, Assistant Postmaster General, acquired control of the Seventh National in 1899.] The Ninth National had capital of $750,000 and net profits of $71,000. Its loans were $1,965,600 and its deposits $2,051,400. Its president, Alvah Trowbridge, president of the North American Trust Company, retired as president of the American Bankers' Association a few weeks earlier. The directors were Mr. Trowbridge, Alexander King, James B. Dill, Charles T. Root, Warner Van Norden, Samuel Eiseman, Albert C. Hall, Catholina Lambert, Augustus F. Libby, Guy G. Major, William W. Peabody, Jr., George F. Randolph, Jordan J. Rollins, Carl A. Spilker and S.W. Vanderhoff.

On November 20th, 1901, official announcement was made that the National Citizens Bank would consolidate with the Ninth National Bank and that the consolidated institution would be backed by the National City Bank and its ally, the Hanover National. The consolidated bank would start business with a capital of $1,550,000, a surplus of $775,000 and deposits of about $8,000,000. On December 9, 1901, stockholders of the National Citizens Bank ratified the proposal to absorb the Ninth National Bank. The latter institution would go out of existence the last day of 1901. All obligations were assumed by the National Citizens Bank.

Official Bank Title(s)

1: The Ninth National Bank of the City of New York, NY

Bank Note Types Issued

Original Series $1 bank note with pen signatures of John T. Hill, Cashier and Thomas A. Vyse, Jr., President
Original Series $1 bank note with pen signatures of John T. Hill, Cashier and Thomas A. Vyse, Jr., President. Courtesy of Lyn Knight Auctions, www.lynknight.com
Series of 1875 $10 bank note with blue-stained paper and pen signatures of H.H. Nazro, Cashier and John T. Hill, President
Series of 1875 $10 bank note with blue-stained paper and pen signatures of H.H. Nazro, Cashier and John T. Hill, President. Courtesy of Heritage Auctions, www.ha.com
1882 Brown Back $10 bank note with pen signatures of H.H. Nazro, Cashier and J.K. Cilley, President.
1882 Brown Back $10 bank note with pen signatures of H.H. Nazro, Cashier and J.K. Cilley, President. Courtesy of Heritage Auctions, www.ha.com

A total of $4,062,640 in National Bank Notes was issued by this bank between 1864 and 1901. This consisted of a total of 280,214 notes (280,214 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 3x1-2 1 - 10000 Script: City of New York $1s only
Original Series 4x5 1 - 15900
Original Series 4x10 1 - 11500
Original Series 2x20-50-100 1 - 4400
Original Series 500-1000 1 - 100
Series 1875 4x10 1 - 15000
Series 1875 2x20-50-100 1 - 3000
Series 1875 500-1000 1 - 390
1882 Brown Back 4x5 1 - 747
1882 Brown Back 3x10-20 1 - 9199
1882 Brown Back 50-100 1 - 125

Bank Presidents and Cashiers

Bank Presidents and Cashiers during the National Bank Note Era (1864 - 1901):

Presidents:

Cashiers:

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
  • The Bankers' Magazine, Vol. 22, July 1867-June 1868, p. 956.
  • The Bankers' Magazine, Vol. 24, July 1869-June 1870, p. 929.
  • New York Daily Herald, New York, NY, Wed., Feb. 24, 1864.
  • New York Daily Herald, New York, NY, Tue., Mar. 1, 1864.
  • The New York Times, New York, NY, Wed., Mar. 2, 1864.
  • New York Daily Herald, New York, NY, Fri., Mar. 4, 1864.
  • New York Daily Herald, New York, NY, Wed., Apr. 13, 1864.
  • The New York Times, New York, NY, Thu., Apr. 21, 1864.
  • The New York Times, New York, NY, Thu., May 26, 1864.
  • New-York Tribune, New York, NY, Fri., Jan. 11, 1901.
  • The New York Times, New York, NY, Sat., May 4, 1901.
  • The New York Times, New York, NY, Wed., Oct. 30, 1901.
  • New-York Tribune, New York, NY, Sun., Nov. 10, 1901.
  • The Buffalo Enquirer, Buffalo, NY, Wed., Nov. 20, 1901.
  • The New York Times, New York, NY, Tue., Dec. 10, 1901.
  • New-York Tribune, New York, NY, Fri., Jan. 31, 1908.
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