1237101562 123710
national
641b70e918715562Full suspension, Books examined
Clearinghouse involved: Yes (loan, examination, or other measures)
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Doors Closed By Two Texas Banks FORT WORTH, Tex., Feb. 1. (U.P.) -Two Fort Worth banks were closed for business Saturday, following brief runs on them Friday afternoon. They were the Texas National Bank and the Polytechnic State Bank. Assurance was given by officials of the Texas National Bank, which also controls the Poly Bank, that no depositor would lose a cent in the banks closing.
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Fort Worth Banks Are Closed deposits call totaled Saturday Fort House was through which demay receive their deposits in institutions closed by order of House Association and the Texas Bank its the section. Bank of Polytechnic, which gathered in front of institutions as the report spread men that safe statement House Associasigned houses other leading Fort Clearing House working through depositors the Texas NaBank may receive their deposits
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HEAVY RUNS CLOSE TWO TEXAS BANKS Depositors' Money Safe, Rumors Trouble Cause, Claim. By The United Press. FORT WORTH, Tex.-Two Fort Worth banks were closed yesterday, the result of heavy withdrawals by depositors. They were the Texas National Bank and the Polytechnic State Bank. Assurance was given by officials of the Texas National Bank which also controls the Poly Bank. that no depositor would lose even cent. Officials of the Texas National Bank insist the condition of that institution is healthy and that the closing down was brought by a run late Friday caused by rumors.
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AGENT WHO INFORMED BORAH IS DISCHARGED Feb. announced today that Frank Flynn, agent gave Sen. Borah, Idaho, the upon which Borah based his charges against John Herbert,F prohibition administrator Montana Idaho, has been dropped from the Flynn's dismissal was due to his failure report Baltiduty more yesterday, Doran AUBREY BANK CLOSES DENTON, Feb. state bank Aubrey, miles northeast of here, closed its doors today. statement Issued by Boner, cashier, said the bank was closed because the closing the Texas National bank at Fort Worth Saturday.
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BANK BY STAFF Feb. anticipated that receiver would be named today for the Texas National Bank, Fort Worth, which closed its doors Saturday, ment was made by the Comptroller's office that no such action had been taken but that probably would be done Tuesday. No indication can be given by the Comptroller's office when positors' funds, now held by the bank, be used in payment of partial dividend. This, insisted, will be determined either by Examiner Jacob Embry. now in charge, or by the ceiver, should he be named. Assurances are given that every effort will be made to obtain early action possible.
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BANK BY STAFF anticipated that receiver would named today for the Texas National Bank. Fort Worth, which closed doors Saturday, announcement made by the Comptroller's that such action had been taken but that probably would done Tuesday. No indication can be given by the Comptroller's office when positors' held by be used payment partial dividend. This, will determined either by Examiner Jacob now by the ceiver. should named. Assurances given that every effort will be made to obtain early possible.
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Van Zandt Named Bank's Receiver FORT WORTH. Feb. 4. (UP)Richard L. Van Zandt, former governor of the federal reserve bank at Dallas, son of Major K. M. Van Zandt, veteran Fort Worth National Bank head. will be receiver for the Texas National Bank, closed following run. Appointment of Van Zandt was announced in Washington Tuesday by the comptroller of the treasury.
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Aubrey Bank Closing Explained. DENTON, Feb. 4.-Failure of the Texas National Bank at Fort Worth to open its doors Saturday was blamed today for closing of the First State Bank at Aubrey, near here. The Aubrey bank had deposits in the Fort Worth institution totaling more than $25,000. sum greater than the bank's capital stock. Prior the closing Fort Worth bank, the Aubrey bank was in "excellent condition. issued by Cashier J. E. Representative of the State Banking Department held Aubrey bank of ficials blameless for the closing, he said. Its deposits totaled $85,000.
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BANK RECEIVER MAY ARRIVE HERE SUNDAY R Van Zandt. appointed as receiver for the Texas National Bank. probably will arrive in Fort Worth Sunday to assume charge the affairs of the in-titution. according to received here. He will terminate his connection with the receivership of national bank at St. Augustine. Fla., of which he was named receiver after the bank closed recently soon as the assets can be delivered to his successor. he said. Van Zandt was named Tuesday to take over closed Texas National Bank and liquidate its affairs.
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Aubrey Bank Closing Explained. DENTON, Feb. 4.-Failure of the Texas National Bank at Fort Worth to open its doors Saturday was blamed today for closing of the First State Bank at Aubrey, near here. The Aubrey bank had deposits in the Fort Worth institution totaling more than $25,000. sum greater than the bank's capital stock. Prior to the closing of the Fort Worth bank. the Aubrey bank was in "excellent condition, statement issued by Cashier J. E. Boner. Representatives of the State Banking Department held Aubrey bank officials blameless for the closing, he said. Its deposits totaled $85,000.
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BANK EXAMINER LISTING ASSETS FORT WORTH BANK FORT WORTH. Feb. 10.-(P)Listing of assets of the Texas National Bank by Nationa. Bank Examiner Paul C. Keys was in progress here today as Keys prepared to turn over affairs of the bank to R. L. Van Zandt, appointed reFederal Judge James C. Wilson granted an Injunction Saturday restraining A. L. Banker, vice-president of the Texas National. which closed on Feb. 1, from disposing of assets totaling about $63,000. on deposit to his credit at the First National Bank. Baker was cited to appear before Judge Wilson Feb. 17 and show cause why the Injunction should not be made permanent. Valentines, Valentines for mother, grandmother, brother, sister, sweetheart, friend, (sick or well) and even dad and old grand-dad. CITY BOOK STORE. Sun want ads bring results.
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BANK RECEIVER LAWYER Jewel Lightfoot. Fort Worth lawyer, by the of Currency Washinggeneral attorney for the receiver of the Texas National Bank. Lightfoot immediately conferred with R. Van and accepted the appointment. Assets of the bank probably will be turned over to Van Zandt Thursday, according to Paul C. Keyes and Jacob Embry, examiners, who have been working here since the bank closed more than ago. Embry will but Keyes will remain for several weeks to assist the receiver. It was at the bank Tuesday that blanket bond for employes had been requested the office by Van Zandt. While this bond is ually in the case of large ceiverships. Van Zandt declined to discuss the bank's affairs. saying would be unable make statement until assumed his duties. He did say, however, that the bank can not collect notes until they are due. bank's outstanding debts became due when the bank closed,' "but the notes are not payable until due."
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RECEIVER FOR TEXAS NATIONAL BANK SUED Receiver R. Van Zandt of the Texas Bank Friday named defendant suit in equity, filed United States District Court by the State Bank of Oakin Leon in the National which the hands the when bank closed. The petiBank State Bank's in Fort Worth.
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Former President of Fort Worth Bank in Charged Three Complaints FORT WORTH, June 17. Samuels. president of the defunct Texas National bank, today was charged In three complaints with forgery and passing of false instruments totalling The charges were filed in Justice Pritchard's court by District Attorney Stuart. The grand jury will investigate the case. The first complaint charges that on March 25, 1929, Samuels forged demand note for $15,000, with 10 per cent interest, using the name of Mrs. Lillie H. Schuster, (ind passed it to the Texas National bank. The second complaint charges that on May 9. 1929, he forged the name of Lillie H. Schuster to per cent demand note for $8,794.75 and the third charges that on October 29, 1929, he forged the name of Mrs. Lillie Schuster to 90-day sory note for at 10 per cent interest. Stuart said that Mrs. Schuster sister of Mrs. Samuels and lives in St. Louis. He said he obtained this information from Mrs. Schuster's legal representative in Dallas. The diffrict attorney will seek extradition of Samuels, who now is in New Samuels has been charged in fedwith misapplication of eral court of the bank's funds. The $1,285,000 Texas National closed its doors January 31 after run. Mrs. H. Cockerill of Mooreland, Okla., returned home today, after visit with her son and daughweek's Mr. and Mrs. ter-in-law, Cockerill. The three spent yesterin Amarillo.
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BANK PRESIDENT ACCUSED Official of Defunct Texas Institution Faces Three Counts. FORT WORTH, Tex., June 18 (P).B. B. Samuels, president of the defunct Texas National Bank, yesterday was charged in three complaints filed in State Court with forgery and passing of false instruments totaling $33,266.54. Samuels has been charged in Federal Court with misapplication of $1,285,000 of the bank's funds. The Texas National closed its doors January 31 after = run.
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SUES ON DEBT TO BANK Receiver R. Van Zandt of the Texas National Bank yesterday filed suit in Court to collect two held by the bank signed Arnold the for Herbert Voss and Ethel B. An derson.
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The suit of the Southern Surety Company against Chester Hollis, county clerk, involving claim of the company on a dividend check paid by the Texas National Bank, has been set tentatively for trial for Nov. 3 in Ninety-sixth District Court. Hollis had a surety bond of $20,000 to protect his deposit in the bank, and after the bank closed the company paid him that amount. After the payment the company filed suit, claiming four fifths of the dividend checks. The first dividend, of $6,435, was paid by the bank receiver to the Fort Worth National Bank, named by the litigants as a depository until the suit is settled. E. Shinwell. secretary for mines. will head "an English delegation that will visit Sweden, Norway and Denmark to study the British coal ,export market. The first charter granting permission to dig coal was issued to the freemen of Newcastle, England, in 1239.
Suit Against Bank Receiver Fails United States District Judge Wilrendered an opinion in Federal Court in which he held that Mobley & Delaney, real estate firm was not from the the Texas National Bank realtors charge paid on checks forged by employe their The suit was brought Mobley Delathe suit Van Zandt. for the bank. to collect from the realtors the balance on notes due the bank. The realtors did not contest the the but sought their cross-action to show the losses sustained forgeries should notes Judge Vilson held that allowappeal be taken by Mobley Delaney Court Appeals, will sit in Fort Judge Wilson held that when depositor fails within reasonable time complain bank of forged checks. the bank is relieved of responsibility. The judge allowed Mobley & Delaney forged the bank when its doors were closed Jan. 31, 1930.
THE TRUTH IS KNOWN Excerpt from Fort Worth Press Feb. 1st, 1930 Walter Scott was cheered Saturday morning when he addressed crowd of more than 100 depositors who milled about the doors of the Texas National Bank The crowd broke up after Scott had told them the bank had been closed to protect depositors and that all depositors would be paid off.
THE TRUTH IS KNOWN Excerpt from Fort Worth Press Feb. 1st, 1930 Walter Scott was cheered Saturday morning when he addressed a crowd of more than 100 depositors who milled about the doors of the Texas National Bank. The crowd broke up after Scott had told them the bank had been closed to protect depositors and that all depositors would be paid off.