The city was co-founded by John C. Williams, formerly of Detroit, who purchased the land in 1876, and by Peter Demens, who was instrumental in bringing the terminus of a railroad there in 1888. St. Petersburg was incorporated on February 29, 1892, when it had a population of only some 300 people.
It was named after Saint Petersburg, Russia, where Peter Demens had spent half of his youth. A local legend says that John C. Williams and Peter Demens flipped a coin to see who would have the honor of naming the city. Peter Demens won and named the city after his home, while John C. Williams named the first hotel after his birthplace, Detroit (a hotel built by Demens). The Detroit Hotel still exists downtown, but has been turned into a condominium. The oldest running hotels are the historic Pier Hotel, built in 1921, formally Hotel Cordova and The Heritage Hotel, built in 1926.
Philadelphia publisher F. A. Davis turned on St. Petersburg’s first electrical service in 1897 and its first trolley service in 1904. The city’s first major industry was born in 1899 when Henry W. Hibbs (1862–1942), a native of Newport, North Carolina, established his wholesale fish business at the end of the railroad pier, which extended out to the shipping channel. Within a year, Hibbs Fish Company was shipping more than 1,000 pounds (450 kg) of fish each day.
Dredging of a deeper shipping channel from 1906 to 1908 opened St. Petersburg to larger shipping. Further dredging improved the port facilities through the 1910s. By then the city’s population had quadrupled to 4,127.
In 1914, airplane service across Tampa Bay from St. Petersburg to Tampa and back was initiated, generally considered the first scheduled commercial airline flight. The company name was the St. Petersburg-Tampa Airboat Line, and the pilot was Tony Jannus, flying a Benoist XIV flying boat. The Tony Jannus Award is presented annually for outstanding achievement in the airline industry. Jannus Live, a local music/entertainment venue on Central Avenue in downtown, is also named after him.
The city population continued to multiply during the 20th century, booming in the 1940s and 1950s and through the 1970s as the town became a popular retirement destination for Americans from midwestern cities, reaching 238,647 in the 1980 census. By that time, however, the population had levelled off, and has grown by only 10,000 since then. In the decade from 2000 to 2010, the population of the city dropped by approximately 4000 residents, while in the same period the population of Florida increased by over two and a half million residents.
Signed by Robert McCutcheon, Jr. cashier; T.A. Chancellor, president
The First National Bank of Saint Petersburg was issued its charter on May 8, 1905, and would expeience rapid over the next few years until the land bust would cause it to close it’s doors on June 9, 1930. The First National’s first president T.A. Chancellor would serve until until 1927, when Robert J. McCutcheon, Jr. would replace him until the end in 1930. McCutcheon also served as mayor of St. Petersburg from 1941 to 1943.
National Bank of Saint Petersburg was the original name of the bank charter number 7796 which was organized in 1905. They later changed names two additional times rather than changing charter number. This Proof sheet from the Smithsonian Proof Project is the only depiction of what the notes would have looked like if any were in existence.
The Central National Bank of Saint Petersburg outgrew its current location and moved to a new structure in April of 1912. Charles M. Gray took on the duties of cashier and a new president named A.F. Thomasson.
Signed by W.I. Watson cashier, A.F. Thomasson, president
The bank changed names again in 1922 to the Central National Bank and Trust Co. of Saint Petersburg, continuing to grow the bank added more offices. Eventually the 1920’s strained the bank with a down turned economy and several runs on the bank by customers. It wasn’t until late April of 1931 that the bank was forced into receivership.
The Alexander National Bank of Saint Petersburg was chartered on January 8,1925 and was founded and named after Jacob F. Alexander. The bank was not around long because the Depression of the 1920’s eventually putting the bank into liquidation in order to merge with the First National Bank.
- Florida Currency Museum Open Showcasing The William Youngerman Collection
- Browse Videos of Florida’s Historical Towns and Banks
- State of Florida Civil War Currency
- Recent Acquisitions
- Mr. and Mrs. Youngerman attend the inagural “The Value of Money” exhibit
Notes & Currency
- 18__ Fernandina $3 Obsolete Note
- 1882 $50 Jacksonville Note Charter #3869
- 1902 $10 Punta Gorda Note Charter #10512
- 1882 $5 Palatka Note Charter #3223
- 1902 $5 Key West Note Charter #7942