Dallas National Bank, Dallas, TX (Charter 11749)
Dallas National Bank, Dallas, TX (Chartered 1920 - Liquidated 1931)
Town History
Dallas is the most populous city in the Dallas–Fort Worth metroplex, the fourth-largest metropolitan area in the United States at 7.5 million people. It is the largest city in and seat of Dallas County in the U.S. state of Texas with portions extending into Collin, Denton, Kaufman and Rockwall counties. With a 2020 census population of 1,304,379, it is the ninth most-populous city in the U.S. and the third-largest in Texas after Houston and San Antonio. In 1880 the population was 10,358, increasing to 269,475 by 1930.
Located in the North Texas region, the city of Dallas is the main core of the largest metropolitan area in the southern United States and the largest inland metropolitan area in the U.S. that lacks any navigable link to the sea. The cities of Dallas and nearby Fort Worth were initially developed due to the construction of major railroad lines through the area allowing access to cotton, cattle and later oil in North and East Texas. The construction of the Interstate Highway System reinforced Dallas's prominence as a transportation hub, with four major interstate highways converging in the city and a fifth interstate loop around it. Dallas then developed as a strong industrial and financial center and a major inland port, due to the convergence of major railroad lines, interstate highways and the construction of Dallas/Fort Worth International Airport, one of the largest and busiest airports in the world.
Dallas had 28 National Banks chartered during the Bank Note Era, and 27 of those banks issued National Bank Notes.
Bank History
- Organized June 2, 1920
- Chartered June 7, 1920
- Liquidated February 10, 1931
- Absorbed by Dallas Bank and Trust Company, Dallas
On Wednesday, June 2, 1920, the Dallas National Bank, a new institution, was formally organized and planned to open for business around June 15th. Judge J.E. Cockrell was elected president and J.C. Tenison cashier of the bank.[1] The capital stock amounting to $500,000 had been oversubscribed, according to J.D. Gillespie, organizer of the Dallas National. The bank secured quarters in the building formerly occupied by the Tenison National Bank at 1105 Main Street.[2] On Monday, June 14, 1920, the Dallas National Bank opened for its first day's business with deposits amounting to $808,000. The directors were Lewis E. Bain, Waco; O.C. Bruce, Dallas; Jos. E. Cockrell, Dallas, A.R. Davis, Garland, John H. Dunn, Dallas; W.W. Gibbard, Dallas; J.D. Gillespie, Dallas; M.K. Hurst, Dallas; John T. Jones, Dallas, C.P. Melton, Dallas; Fred A. Newton, Ennis, Gibbons Poteet, Roxton; Ben F. Read, Gorman, L.L. Shield, Colman; Albert E. Sweeney, Ladonia; W.C. Temple, Dallas; J.C. Tenison, Dallas; H.W. Warden, McKinney; and Geo. W. Works, Dallas. James E. Cockrell was president; J.C. Tenison, cashier; J.D. Gillespie, and O.C. Bruce, vice presidents; John C. Jester and L.B. Glidden, assistant cashiers. Henry W. Warden was the active vice president of the Collin County National Bank. He began his career as a bookkeeper in 1907.[3][4]
On Wednesday, October 25, 1922, a tonic for tired businessmen was administered to the busy group that composed the McKinney Lions Club at the regular meeting by Gibbons Poteet of Roxton, humorous writer and speaker. There were a number of local and out of town bankers present to hear Mr. Poteet's address. The guests of the day included Henry W. Warden, director, and John C. Jester, assistant cashier of the Dallas National Bank; E.O. Snead, president, Melissa National Bank; and Hamp Wysong, cashier, Melissa National Bank.[5]
In October 1926, Henger & Chambers had the contract for the new 15-story building of the Dallas National Bank. They had recently completed the addition to the Adolphus Hotel and the Mike Thomas building, both in Dallas. Anton F. Korn, the architect was also the architect for the Thomas building and the new San Angelo National Bank building.[6]
On February 8, 1927, A.D. Dupree, 42, fell thirteen stories down an elevator shaft, perhaps saving his life by catching onto the sides of the floors as he went down. He was working on the fifteenth story installing an elevator when he slipped. A scaffolding across the second floor ended his fall. Hospital physicians said he had a lacerated head and several broken ribs, but that is was not critically hurt.[7] The new 15-story building was nearing completion and the Dallas National was planning its move. The bank would occupy the three lower stories as a permanent home and rent the twelve upper stories for offices.[8]
On April 7, 1927, Joseph E. Cockrell, one of the most widely known lawyers of Texas died in Dallas following an operation for relief from kidney troubles. For over 30 years, Judge Cockrell had been practicing in the courts of Texas. He gained his title of judge by appointment as a special district judge. His father was Judge J.V. Cockrell, judge of a large Texas judicial district lying north of Abilene. The family moved to Abilene from Sherman in 1883. He was a graduate of Washington and Lee University at Lexington, Kentucky. He was the former chair of the Southern Methodist University (SMU) Board of Trustees and was instrumental in the establishment of the Dedman School of Law at SMU. Judge Cockrell was owner of extensive acreage in West Texas, mostly in Jack County, and in Dallas County.[9]
On April 19, 1927, J.D. Gillespie, first vice president of the Dallas National Bank, was named president, succeeding the late Joseph E. Cockrell.[10] The officers were J.D. Gillespie, president; O.C. Bruce, vice president; J.C. Tenison, cashier; John C. Jester, L.B. Glidden, and Griffiths Carnes, assistant cashiers.[11]
On December 13, 1930, merger of the Dallas Bank and Trust Co. and the Dallas National Bank, subject to approval of the stockholders of both institutions, was announced after a conference between officials of the two banks. The merged bank would operate under the name of the Dallas Bank and Trust Company and upon completion of the merger would be housed in the 15-story Dallas National Bank Building.[12] The combination of the two institutions would form a bank with total resources of more than $13 million and with combined capital investment, surplus and undivided profits of nearly $2 million.[13] The Dallas Bank and Trust Company was chartered on September 8, 1908, with capital of $200,000.[14]
On Saturday, January 24, 1931, sale of the Dallas National Bank building to the Dallas Bank and Trust Co. for a consideration of nearly $700,000 was announced by Christian C. Weichsel, chairman of the board of the newly merged bank. The sale was incident to the merger with the Dallas National Bank.[15]
In June 1931, L.B. Glidden, cashier of the Dallas Bank and Trust Co. was named cashier of the First National Bank in Brownsville and had already assumed his new duties. Mr. Glidden succeeded G.C. Wagner as cashier who would remain with the bank as vice president. Ben F. Read, president of the bank said the Galveston bank was fortunate in securing the services of so experienced a banker. Mr. Read was a director of the Dallas Bank and Trust Co.[16]
Official Bank Title
1: Dallas National Bank, Dallas, TX
Bank Note Types Issued
A total of $2,511,750 in National Bank Notes was issued by this bank between 1920 and 1931. This consisted of a total of 320,928 notes (211,428 large size and 109,500 small size notes).
This bank issued the following Types and Denominations of bank notes:
Series/Type Sheet/Denoms Serial#s Sheet Comments 1902 Plain Back 4x5 1 - 32535 1902 Plain Back 3x10-20 1 - 20322 1929 Type 1 6x5 1 - 11247 1929 Type 1 6x10 1 - 5547 1929 Type 1 6x20 1 - 1456
Bank Presidents and Cashiers
Bank Presidents and Cashiers during the National Bank Note Era (1920 - 1931):
Presidents:
Cashiers:
Other Known Bank Note Signers
Bank Note History Links
Sources
- Dallas, TX, 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
- ↑ Fort Worth Star-Telegram, Fort Worth, TX, Thu., June 3, 1920.
- ↑ Austin American-Statesman, Austin, TX, Tue., May 18, 1920.
- ↑ McKinney Weekly Democrat-Gazette, McKinney, TX, Thu., Jan. 20, 1927.
- ↑ The Courier-Gazette, McKinney, TX, Thu., June 15, 1920.
- ↑ The Courier-Gazette, McKinney, TX, Thu., Oct. 26, 1922.
- ↑ San Angelo Evening Standard, San Angelo, TX, Thu., Oct. 21, 1926.
- ↑ Corsicana Daily Sun Corsicana, TX, Thu., Feb. 8, 1927.
- ↑ McKinney Weekly Democrat-Gazette, McKinney, TX, Thu., Jan. 20, 1927.
- ↑ Wichita Falls Times, Wichita Falls, TX, Thu., Apr. 7, 1927.
- ↑ Fort Worth Star-Telegram, Fort Worth, TX, Wed., Apr. 20, 1927.
- ↑ San Angelo Evening Standard, San Angelo, TX, Sun., Oct. 16, 1927.
- ↑ Fort Worth Star-Telegram, Fort Worth, TX, Sun., Dec. 14, 1930.
- ↑ Wichita Falls Times, Wichita Falls, TX, Sun., Dec. 14, 1930.
- ↑ Abilene Semi-Weekly Farm Reporter, Abilene, TX, Tue., Sep. 8, 1908.
- ↑ Austin American-Statesman, Austin, TX, Sun., Jan. 25, 1931.
- ↑ The Brownsville Herald, Brownsville, TX, Wed., June 24, 1931.