Union National Bank, Cleveland, OH (Charter 3202)
Union National Bank, Cleveland, OH (Chartered 1884 - Liquidated 1918)
Town History
Cleveland is a city in Ohio and the county seat of Cuyahoga County. Located in Northeast Ohio along the southern shore of Lake Erie, it is situated across the U.S. maritime border with Canada and lies approximately 60 miles west of Pennsylvania.
The largest city on Lake Erie and one of the major cities of the Great Lakes region, Cleveland ranks as the second-most populous city in Ohio and 54th-most populous city in the U.S. with a 2020 population of 372,624. The city anchors the Cleveland metropolitan area, the 33rd-largest in the U.S. at 2.18 million residents, as well as the larger Cleveland–Akron–Canton combined statistical area, the most populous in Ohio and the 17th-largest in the country with a population of 3.63 million in 2020.
Cleveland was founded in 1796 near the mouth of the Cuyahoga River by General Moses Cleaveland, after whom the city was named. Its location on both the river and the lake shore allowed it to grow into a major commercial and industrial center, attracting large numbers of immigrants and migrants. Cleveland is a port city, connected to the Atlantic Ocean via the Saint Lawrence Seaway. Its economy relies on diverse sectors that include higher education, manufacturing, financial services, healthcare, and biomedicals. The GDP for the Greater Cleveland MSA was $135 billion in 2019.
The Civil War vaulted Cleveland into the first rank of American manufacturing cities and fueled unprecedented growth. Its prime geographic location as a transportation hub on the Great Lakes played an important role in its development as an industrial and commercial center. In 1870, John D. Rockefeller founded Standard Oil in Cleveland, and in 1885, he moved its headquarters to New York City, which had become a center of finance and business. In 1860 the population was 43,417, growing to 381,768 by 1900.
Cleveland had 29 National Banks chartered during the Bank Note Era, and 28 of those banks issued National Bank Notes.
Bank History
- Organized February 14, 1884
- Chartered June 7, 1884
- Assumed 5152 by consolidation April 2, 1904 (Colonial National Bank, Cleveland, OH)
- Liquidated February 2, 1918
- Succeeded by 11141 (Union Commerce NB, Cleveland, OH)
- Circulation assumed by 11141 (Union Commerce NB, Cleveland, OH)
On Tuesday, January 21, 1890, the directors held their election at noon. Mr. S.T. Everett declined re-election as vice president and Mr. Lee McBride was chosen instead. The other officers elected were: M.A. Hanna, president; E.H. Bourne, cashier; and J.D. Watterson, assistant cashier.[1]
Marcus Alonzo Hanna was born on September 24, 1837, in New Lisbon (in 1895 renamed Lisbon), Ohio, to Dr. Leonard and Samantha Hanna. With an ill father and many business responsibilities, Mark Hanna could not be spared by his family to join the Union Army, hiring a substitute to enlist in his place. Instead, he became a member of the Perry Light Infantry, a regiment of National Guard troops consisting mostly of young Cleveland businessmen. In 1864, his regiment was briefly mustered into active service as the 150th Ohio Infantry and sent to be garrison troops at Fort Stevens, part of Washington, D.C.'s defenses. In 1880, Hanna added The Cleveland Herald newspaper to his business empire. In 1887 he organized and equipped the Cleveland Transportation Company. Following the organization of the Union National Bank of Cleveland, he was elected to its presidency in March 1884.[2] He became a political campaigner, managing Jos. B. Foraker's successful gubernatorial campaign (1885) and John Sherman's unsuccessful Republican presidential nomination (1888) and successful Senate (1892) campaigns. Hanna withdrew from participation in M.A. Hanna Co. in 1894 to devote himself to nominating Ohio governor Wm. McKinley for president. McKinley was nominated, and Hanna organized his successful presidential campaigns in 1896 and 1900. In 1897 Hanna was appointed U.S. senator; the Ohio legislature elected him there in 1898 and 1904. Hanna maintained national and state Republican power, even after McKinley's death in 1901. On February 15, 1904, at 6:30 pm, Senator Hanna died, and the crowd of congressional colleagues, government officials, and diplomats who had gathered in the lobby of the Arlington left the hotel, many sobbing. T.R. Roosevelt biographer Edmund Morris noted Hanna's achievement in industry and in politics, "He had not done badly in either field; he had made seven million dollars, and a President of the United States."
In 1911, the officers were Geo. H. Worthington, president; E.R. Fancher, vice president; G.A. Coulton, cashier; W.E. Ward, W.C. Saunders, and E.E. Creswell, assistant cashiers.[3]
In February 1918, the Union National Bank of Cleveland, capital $2,000,000, and the Bank of Commerce National Association of Cleveland, capital $2,000,000, entered voluntary liquidation and were succeeded by the Union Commerce National Bank of Cleveland. Walter C. Saunders was liquidating agent for the Union National while William C. Caine was liquidating agent for the Bank of Commerce National Association.[4]
Official Bank Title
1: The Union National Bank of Cleveland, OH
Bank Note Types Issued
A total of $6,166,500 in National Bank Notes was issued by this bank between 1884 and 1918. This consisted of a total of 739,908 notes (739,908 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 - 13023 1882 Brown Back 3x10-20 1 - 1268 1902 Red Seal 4x5 1 - 18500 1902 Red Seal 3x10-20 1 - 25400 1902 Date Back 4x5 1 - 71222 1902 Date Back 3x10-20 1 - 55564
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1884 - 1918):
Presidents:
- Marcus Alonzo Hanna, 1884-1903
- Ebenezer Henry Bourne, 1904-1907
- George Heber Worthington, 1908-1914
- George Adolphus Coulton, 1915-1917
Cashiers:
- Ebenezer Henry Bourne, 1884-1903
- Elvadore R. Fancher, 1904-1908
- George Adolphus Coulton, 1909-1912
- William E. Ward, 1913-1914
- Walter C. Saunders, 1915-1917
Other Known Bank Note Signers
- Sylvester Thomas Everett (VP 1889)
- John Francis Harper (VP 1910)
- J.D. Watterson Asst. Cashier 1887...1895)
Bank Note History Links
Sources
- Cleveland, OH, 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