Standing Stone National Bank, Huntingdon, PA (Charter 6090)
Standing Stone National Bank, Huntingdon, PA (Chartered 1902 - Closed 1923)
Town History
Huntingdon is the county seat of Huntingdon County, Pennsylvania. It is located along the Juniata River, approximately 32 miles east of Altoona and 92 miles west of Harrisburg. In 1768, Rev. Dr. William Smith began selling lots on the Standing Stone Tract along the Juniata, land he had recently acquired. The tract's two prior owners had not attempted to lay out a town, so Dr. Smith is considered the founder. Huntingdon sits at the site where Standing Stone Creek flows into the Juniata River. It was once a port on the Main Line of the Pennsylvania Canal.
With a population of 7,093 at the 2010 census, Huntingdon is the largest population center near Raystown Lake, a winding, 28-mile-long recreational and flood-control reservoir managed by the U. S. Army Corps of Engineers. The borough is located on the main line of the Norfolk Southern (formerly Pennsylvania) Railroad, in an agricultural and outdoor recreational region with extensive forests and scattered deposits of ganister rock, coal, fire clay, and limestone. Historically, the region surrounding Huntingdon was dotted with iron furnaces and forges, consuming limestone, iron ore and wood (for charcoal production) throughout the 19th century. Dairy farms dominate the local agriculture. Huntingdon is home to Juniata College, a private liberal arts college originally known as Brethren's Normal School as it was founded by members of the Church of the Brethren in 1876.
Huntingdon had three National Banks chartered during the Bank Note Era, and all three of those banks issued National Bank Notes.
Bank History
- Organized December 23, 1901
- Chartered January 11, 1902
- Closed January 2, 1923
- Consolidated with 4965 January 2, 1923 (Union National Bank/Union NB & TC, Huntingdon, PA)
- Circulation assumed by 4965 (Union National Bank/Union NB & TC, Huntingdon, PA)
Huntingdon's new financial institution, The Standing Stone National Bank, opened for business on Wednesday, April 30, 1902. Professor A.P. Silverthorn resigned as principal of the Ridley Park Public Schools to accept the appointment of teller in the Standing Stone National Bank. The bank was located at 412 Penn Street.
The officers elected in January 1921 were: I.H. Brumbaugh, president; L.M Hagerty, vice president; A.P. Silverthorne, cashier; and I.H. Brumbaugh, Geo. W. Sanderson, J.H. Brumbaugh, Chas. C. Brewster, J.F. Biddle, Hugo Mayer, A.P. Silvertorn, directors. Lewis M. Hagerty passed away on May 5, 1922. He was a former state congressman and a director and vice president of the bank.
On December 26, 1922, stockholders of The Standing Stone National Bank and The Union National Bank ratified the action of a joint committee recommending a merger of the two banks under the name of the latter. The consolidation was effective January 1, 1923. The capital stock was $175,000 and the new bank was expected to pay shareholders a 10% dividend from the start. The Union National Bank had fifty shareholders and capital of $125,000 and resources of over a million dollars. the Standing Stone National had 58 shareholders and capital of $50,000 and over a half million in resources. The directors of the consolidated banks were J.B. Kunz, John White, Thomas E. Africa, Chester J. Langdon, Elwood A. Miller, I. Harvey Brumbaugh and J.H. Brumbaugh. These men served until January 9 when the stockholders of The Union National Bank elected officers for the upcoming year as follows: John White, president, John B. Kunz, vice president; Robert M. Watson, cashier; A.V. Shaffner and A.P. Silverthorn, assistant cashiers; John White, John B. Kunz, Elwood A. Miller, Thomas E. Africa, Chester A. Langdon, and I.H. Brumbaugh, directors.
Official Bank Title(s)
1: The Standing Stone National Bank of Huntingdon, PA
Bank Note Types Issued
A total of $648,350 in National Bank Notes was issued by this bank between 1902 and 1923. This consisted of a total of 80,104 notes (80,104 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 - 3185 1882 Brown Back 3x10-20 1 - 2506 1882 Date Back 4x5 1 - 3600 1882 Date Back 3x10-20 1 - 2960 1882 Value Back 4x5 3601 - 7585 1882 Value Back 3x10-20 2961 - 5281 1902 Plain Back 4x5 1 - 995 1902 Plain Back 3x10-20 1 - 474
Bank Presidents and Cashiers
The Standing Stone National Bank Presidents and Cashiers during the National Bank Note Era (1902 - 1923):
Presidents:
Cashiers:
Other Bank Note Signers
- There are currently no known Vice President or Assistant Cashier bank note signers for this bank.
Wiki Links
- Pennsylvania Bank Note History
- General information on Huntingdon (Wikipedia)
- General information on Huntingdon County (Wikipedia)
- General information on Pennsylvania (Wikipedia)
Sources
- Huntingdon, PA, Wikipedia, https://en.wikipedia.org/wiki/Huntingdon,_Pennsylvania
- 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://bbdata.banknotehistory.com
- The Philadelphia Times, Philadelphia, PA, Thu., Apr. 10, 1902.
- Altoona Tribune, Altoona, PA, Fri., May 9, 1902.
- Mount Union Times, Mount Union, PA, Fri., Jan. 21, 1921.
- Altoona Tribune, Altoona, PA, Mon., May 8, 1922.
- Pittsburgh Daily Post, Pittsburgh, PA, Wed., Dec. 27, 1922.
- Lebanon Daily News, Lebanon, PA, Fri., Dec. 29, 1922.
- Altoona Tribune, Altoona, PA, Fri., Jan. 12, 1923.