10a38624f5643291Full suspension, Books examined
Other: Bank was closed by order of directors and by the bank examiner; a receiver (B. B. Paddock) was appointed. (Receivership/closure noted as the primary response.)
Click image to open full size in new tab
A Texas Bank Falls. By Southern Associated Press. DALLAS, Tex., June 17.-A Brownwood, Texas, special says: The National Bank of Brownwood closed doors yesterday. A sign was hung out, "Closed by order of the directors"-tightness of the money market and slow collections are the causes assigned by the directors. The run on the bank begun yesterday, and continued until they were compelled to close. Capital, $150, 000.
Click image to open full size in new tab
PERSONAL. Will Mays, editor and merchant of Brownwood, passed through Fort Worth yesterday on his way to Whitesboro. G. B. Stone of Wichita Falls spent yesterday in Fort Worth. Mr. Stone is on his way home from the White City, Mrs. Christine Guire, formerly Miss Savey of this city, departed last evening for her home in Mexico acompanied by her mother. Mrs. M. Savey, who has been visiting friends in this city the past year. Superintendent Alex Hogg and Professors Randol and Hammon left yesterday for San Antonio to attend the state teachers' association. Fort Worth will be well represented. Miss Fannie Pyle. step-daughter of Mr. D. D. Young of The Gazette, is home from Tuskahoma, where she has been teaching in the female seminary. Mrs. Tom Word of Oklahomn City, is visiting Mrs. W. P. Wilson, 302 Henderson and Daggett streets. Mrs. Trainum and Miss Willie B. Trainum of Galveston, and Miss Ida Beall of Fort Worth leave Friday for the World's fair, and also a tour of the leading Canadian cities. They will be absebt several months. Mayor Paddock returned yesterday from looking after the affairs of the Brownwood National bank, of which he has been appointed receiver. Judge Moon left this morning for Mineral Springs to rusticate a few days, and try the effect of the water there on his health. G. A. Seaver, a prominent and wealthy merehant of New Orleans, was in the city for a short time yesterday.
Click image to open full size in new tab
WACO. CASHIER WALLING OF A BROWNWOOD NATIONAL BANK Brought in Under Arrest-Read It Only In The Gazette-A Great Wheel Event. Summer Normal. Waco, Tex., June 29.-(Special).-S. J. Walling, cashier of the recently closed National bank was brought here tonight in the custody of a deputy United States marshal. He was arrested upon a warrant issued by United States Commissioner Lednum of Dallas, charging him with embezzling $12,000 of the funds of the bank, upon which charge he will be given a preliminary hearing before United States Commissioner John H. Finks of this city. The bank was recently closed by Bank Examiner Gannon and B. B. Paddock of Fort Worth was appointed receiver. It is claimed that an investigation of the bank's affairs led to the charge against Cashier Walling and his arrest, Walling was taken before Commissioner Finks on his arrival and his bond fixed at $10,000, which he was not prepared to give and in default was locked up in the county jail. His preliminary examination was set for July 10. The Gazette's correspondent interview ed the prisoner, who sat behind a barred window. Walling said the bank was organized in June, 1800, with a capital stock of $150,000, of which $75,000 was paid in, afterwards $50,000 was paid in out of the earnings of the bank and later on the remaining $25,000 capital stock was paid in. "I was the owner of $30, 000 in stock," Walling said, and was the heaviest stockholder. We made considerable money and we lost a great deal. 1 was cashier, and really general manage er, the directors and officers let all the work fall upon me, and I had practically no assistance. I did not secure personally nor for myself one dollar of the bank's money, the $70,000 which I was accused of misappropriating and misapplying was all loaned out to business men and firms, of which I believe there were eight. The books of the bank will show this. These loans are not worth par, many of the bor rowers having failed and the stringency in money matters making it impossible to realize upon the securities. These loans were all made within the last six or twelve months. The bank was getting on nicely prior to May 10. At that time some immediate changes were made in the officers. Rumors began to be heard, and a steady withdrawal of deposits bet gan and was maintained for four weeks. Our deposits ran down from $130,000 to $50,000. This exhausted all the money the bank had and suspension was the remult." Walling said he came to Brownwood three years ago from his home at Shelbyville, Tenn. He feels his imprisonment on account of his wife and children. He expects to be able to make bond in a few days, and is confident his will be acquitted of the charges on trial. The affidavits against Walling charges him with embezzling, misappropriating and misapplying the funds of the bank to the amount of $70,000, mak ing false entries in the books and trans. mitting false statements to the comptroller of the currency
Click image to open full size in new tab
tional bank at Brownwood. The treasurer had personal notes in the bank where he also had county funds foolishly deposited in his own name, rather than In the name of the county. Now Eckels' receiver in charge of the bank, refuses to let the county money be withdrawn until the personal notes are paid. Eckels has not made any decision in the matter.
Click image to open full size in new tab
Telegraph in Brief. the of Chicago W. L. Tribune Ogden. business died suddenly manager yesterday Edinburgh, Scotland, morning. The jury in the has Monson returned case, a at verdict of "not proven. Side, Pittsburg. closed Oliver & Roberts's down wire-mill. for an South indefinite period yesterday. of the Navy fleetest has accept- vesThe the Secretary cruiser Columbia, service, in the behalf of the ed sel United in the States naval Government. of North The Indurated Maine, Fibre will the close Company, company it that saying tothe ghut-down night, Gorhan, the officers is due of to the Wilson tariff that bill. dispatch from Buluwayo defeated states Lo BenCaptain A Wilson's the force Shanghat river, after Decem- the her guela 4th, beyond Lo Benguela fleeing to 101 battle. The Italian Senate. commission by vote of of five are to has appointed a of the compromised find 1. out whether in the any matter of the bank scandals. Carlisle has received and Smalls, acSecretary the resignations of Beaufort, Robert S. C., and John Ga. cepted Collector of H. Customs, Deveaux, Collector of Customs, Brunswick, of Paris, although little they The papers bygones, express Italian confidence avoid raking that up Signor be Crispi, able to the extricate the country Prime Minister, from will the present dead-lock Vt., vesterday A fire in Manchester, National Bank. Hamilton's destroyed stores, the Eakbrook's Loss, pera-House, about clothing Carpenter House. and $100,000. the Insurance only partial. Italian Mocenni, in the Cham- a Minister of Deputies of War, at Rome over yesterday dervishes at point victory ber of between Italian troops Kassala and Agordat, Northern Africa. in Petersburg dispatch says of that the A St. is increasing on had account fish, there large cholera consumption St. of Nicholas "Orphan having Institute been since in the the beginning of the fast a week ago, 194 cases. last from Winnsboro', raging S. C., in that A special there was a fire had been night said that a dozen stores town, and time of the the news was to No burned at the the effect particulars. telegraphing that fire Later was under control. himself Joseph who signed Newark, A crank, of 73 Passaic street, Service of Don Jam. by the Secret letters to N.J., is wanted for threatening of prominent a number including the the government officers President, Carlisle. of the the last Vice-President, government, and Secretary made unsuccessful attempt was to hold An Kelso, Indian Territory, a Missouri, Kansas the up they were the evening at Finding opened foiled, and fire on Texas robbers, train, train. was four in number, fireman, Charles Milne, jaw and the face and had his serious. lower shot off. in the the wound being very torn The Arkansas State has Board concluded of Peniten- to & tiary Commissioners with Austin State Corbin conmake a contract York, to work 400 beCo., of New the Sunny-Side plantation, the latter victs on to the northern firm, and a genelonging to furnish quarters half the agreeing ral superintendent and to give crop to Hart, the State. president of the State was Bank arS. M. Washington State, on charge rested of in embezzling $30,000 of ran of Buckley, the bank Baltimore named. yesterday He under once the the funds name the a billiard-hall of in Baltimore which is said to be the his of Louts L. Kahn, and he was at one time right billiard-player of Hill, paying-teller of was champion Lewis name, A. York, Maryland. the the ar- St. Nicholas Bank, of New yesterday, rested in Newark, arrest N. J., being a of bench New warrant authority issued for the by Judge affidavit Martine, setting forth that York, Hill's based accounts, on an so him far as to they be short have been examined. prisoner show was admitted taken to $42,000. $20,000 The the highest ball ever bail In Police Court in New Jersey. the after in The a London Globe Tuesday says that in the House Admidebate Commons on the all navy the Lords of the yesterday. of resigned, and it was Harcourt, only Chanralty Sir William Vernon explained after the Exchequer, had cellor of Lords of the Admiralty government intended supremacy that the signations were British to the navy's withdrawn. to maintain that Waco, the the reUnited States grand jury Thursday at The returned an indictment with misTexas, S. J. of night, and embezzlement application charging National Bank Walling of Brownwood, money havof the City amounting to $90,000, Walling the funds Texas, cashier of the bank, cotton-future ing been was lost in had to operations, of which so that the institution suspend. 400 nominations sent to time the Sen- the Of the the President during the session, 105 ate by has been in regular Senate took Senate unacted upon when the holidays. were the Christmas a recess being the of Judge and of Robert E. among these Hornblower for for nominations Justice Preston of been the of Supreme of the Mint, which for Director dispute Court, almost ever since the have J. begin- Scott in of the extra session: ex-President of Harrining Harrison, Surveyor brother of of Customs Collector at Kansas of City, son, for Mo.; of Kop Ellas, North for Carolina, and Internal W. H. Revenue Brawley, in for United States Disof trict Judge, South Carolina.