18337. City National Bank (Fort Worth, TX)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
2359
Charter Number
2359
Start Date
April 5, 1895
Location
Fort Worth, Texas (32.725, -97.321)

Metadata

Model
gpt-5-mini
Short Digest
4e396ea5310d31c4

Response Measures

Accommodated withdrawals, Public signal of financial health, Full suspension, Books examined

Receivership Details

Depositor recovery rate
42.9%
Date receivership started
1895-04-10
Date receivership terminated
1903-09-28
OCC cause of failure
Losses
Share of assets assessed as good
28.3%
Share of assets assessed as doubtful
28.6%
Share of assets assessed as worthless
43.0%

Description

Contemporary reports (Apr 5–6, 1895) describe heavy withdrawals prompted by rumors detrimental to the bank, producing suspension of payments April 5. Comptroller placed an examiner in charge and a receiver was appointed in early April (commission prepared Apr 10; receiver assumed Apr 11/13 actions). The bank did not resume normal independent operations; a receiver administered its affairs and later declared dividends. An embezzlement indictment of former cashier Max Elser was returned Apr 20, 1895. I corrected no names or places — articles consistently identify City National Bank, Fort Worth, Tex.

Events (7)

1. May 28, 1877 Chartered
Source
historical_nic
2. April 5, 1895 Run
Cause
Rumor Or Misinformation
Cause Details
Heavy withdrawals by depositors attributed in reports to circulating rumors detrimental to the bank, producing liquidity pressure.
Measures
Notice posted: This bank has suspended payment. By order of the board of directors. All depositors will be paid in full.
Newspaper Excerpt
recently there have been heavy withdrawals by depositors, the withdrawals being the result of rumors detrimental to the bank
Source
newspapers
3. April 5, 1895 Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank failed to open April 5; directors cited difficulty in collections, heavy withdrawals following rumors, and trouble obtaining discounts as reasons for suspending payments.
Newspaper Excerpt
This bank has suspended payment by order of the board of directors. All depositors will be paid in full.
Source
newspapers
4. April 9, 1895 Receivership
Newspaper Excerpt
Comptroller Eckels Makes Him City National Bank Receiver... (appointment of Colonel J. Peter Smith as receiver).
Source
newspapers
5. April 10, 1895 Receivership
Source
historical_nic
6. April 20, 1895 Other
Newspaper Excerpt
Max Elser, late cashier and city treasurer ... arrested ... charging the embezzlement of funds to the amount of $114,754.40. (indictment returned Apr 1895).
Source
newspapers
7. August 22, 1895 Other
Newspaper Excerpt
Receiver J. Peter Smith announced the bank was ready to declare its first dividend; indicates receiver-managed liquidation/distribution activity.
Source
newspapers

Newspaper Articles (21)

Article from The Indianapolis Journal, April 6, 1895

Click image to open full size in new tab

Article Text

TEXAS BANK FAILS. The City National, of Fort Worth, Closes Its Doors. FORT WORTH, Tex., April 5.-The City National Bank, of this city, failed to open its doors to-day. On the door was posted this notice: "This bank has suspended payment. By order of the board of directors. All depositors will be paid in full." This bank was the depository of the city treasurer, who has city funds to the amount of $100,000 on deposit there, but this did not prevent all city warrants being paid to-day. They were paid in full at another bank where arrangements had been made. The city deposits include sinking funds and bond interest funds. Elser, the city treasurer, was a director in the bank. His term as city treasurer expires on the 9th, but he will be unable to turn over funds to his successor. The bank is also the repository of the county treasurer and Knights of Pythias.. "The suspension," said President McCarthy, "was caused by the difficulty in making collections and the further fact that recently there have been heavy withdrawals by depositors, the withdrawals being the result of rumors detrimental to the bank, which were circulated in the city. The bank also had great trouble in getting discounts, which was another factor in the suspension." The deposits amount to $487,000; bills rediscounted, $49,000; assets, $35,000 above liabilities to depositors.


Article from New-York Tribune, April 6, 1895

Click image to open full size in new tab

Article Text

they stand on the questions involved must ther fore be mere guesswork. Secretary Morton has revoked the commission given to W. E. von Johannsen, of California, as a honorary representative of the Agricultural D partment abroad. but not on account of the rumo connecting Mr. von Johannsen with alleged sha practices in San Francisco and elsewhere. TI Secretary says that he has seen circulars signe by Von Johannsen as "Commissioner to Europe the United States Agricultural Department. I considers this a grave misuse of the courtesy e tended to Von Johannsen on the recommendatio of Governor Markham. An opportunity to mal an explanation in writing has been given to V Johanssen, but he has not taken advantage of it. The Attorney-General has informed the Navy D partment that the Universal Bolt Lock Compan of Marfetta, Ohio, has sued the Government ( $200,000. on account of Its use in river and harb and naval work of its patented method of faste ing masonry work, which consists of a metal bind to be used in stone walls. The company clain that 700,000 pounds of the patented ties were use in Western river work. Investigation shows the nothing of the kind has been used in the Navy. Postmaster-General Wilson, who attended his fir Cabinet meeting to-day, had the pleasure of seeit all his colleagues present. Mr. Wilson arrive early and spent a quarter of an hour chatting with the President and those of his new associates : arrived early. Secretary Gresham was the last appear. He did not arrive until the door of " Cabinet room had been closed for about a quart of an hour Rudyard Kipling visited the Whi House to-day. He came with Secretary Lamon who introduced him to the President and member of the Cabinet. United States Marshal Wilson called at the Trea ury Department this morning and served on Secr tary Carliste a copy of the order of the Suprem Court of the District of Columbia to appear an show cause why a mandamus should not be issue against him in the case of Charles C. Water against the Secretary of the Treasury, to comp the latter to pay to him certain fees as a Unite States District-Attorney for Arkansas. Secretar Carlisle accepted service, and will appear by cour sel on April 13. Assistant Attorney-General Whi ney will appear for the Government. The condition of Charles H. Mansur, of Missour Deputy Controller of the Treasury, is reported to day to be critical. A slight change for the bette yesterday gave hope of continued improvemen out Mr. Mansur is now apparently in a more crit cal state than he was before the change was note Lieutenant William Kimball has been placed ! charge of the Naval Intelligence Office, temporaril occupying the post vacated by Lieutenant Singer who has been ordered to the Bennington as execu tive officer. Unless Secretary Herbert can indue Captain Alfred T. Mahan to accept the place, Lieu tenant Kimball will be assigned permanently to it He was the intelligence officer of Admiral Benham fleet at Rio, and next to Captain Mahan is con sidered the best officer in the Navy to manage thi important office. Captain Mahan has applied fo a year's leave in order to enable him to complet some literary work in which he is engaged. He ha two books in press, the first of which. a life o Nelson, will be issued by an English publisher 1 a short time. Regarding his other book, a history of the War of 1812, Captain Mahan says that h does not expect it to be so enthusiastically re celved on the other side of the Atlantic as were ht earlier publications. It will endeavor to show tha the success of the United States in that conflic was due to the superiority of American naval com manders against a much greater physical force. Controller Eckels to-day closed the City Nationa Bank of Fort Worth, Texas, and placed Bank Ex aminer McDonald in charge. At the last examina tion the bank had $678,000 in loans and discount and $529,000 in individual deposits. Its capital was $300,000 and its surplus $60.000 The bank was the


Article from Daily Independent, April 6, 1895

Click image to open full size in new tab

Article Text

SALMAGUNDI. Mrs. C. G. Smith departed for Ogden this morning. George Bruce, the Clover Valley pedagogue, is taking in the County seat to day. Fresh Morgan Oysters, Mess Mack erel, all kinds Fresh Fish at Craig * head's. Miss Elfie Truett is in town to-day on her way to take charge of the Mound Valley school. One of the new Italian rifles sends a ball through five inches of solid oak at a distance of 4,000 feet. S. M. [Henley has the agency: for the Maher & Grosh hand made knives and carries them in stock. Wadsworth Dispatch:-Jas. Stauts has purchased from T. Hauskins the ranch which was worked last season by Plumb. The City National Bank of Fort Worth, Texas, closed its doors yesterday. It is said the depositors will be paid in full. Dave Casper has just received a new lot of samples of Spring and Summer clothing which will be made * to order from $13 50 up. A bicycle craze has struck the Comstock with a vengeance, and a great number of prominent people have ordered wheels and will organize a club. Tom Harris has bought the Humboldt house and intends to run it in a first class manner. He will be found on deck at all hours ready to please those who give him a call. An immense stock of the latest patterns in wall papers and carpets just received at Reinhart's Their prices * are all right. Try them. Armur & Co., the Chicago meat packers, have opened a new branch of refrigerator cars between Sacramemto and Chicago. This will go to help the price of Nevada beef. Mrs. Peary wants to raise $12,000 now to fit out a steamer to go to Greenland and bring back Lieutenant Peary. The appeal for the relief of the relief expedition will follow later. Call at the Sheehan Sisters if you want to see the latest styles in millinery. A new and handsome lot just * opened. Preaching at the Presbyterian church to morrow both morning and evening by the Pastor. You will be interested in the subjects discussed and also in the singing. All are invited to these services. Senator Camden says that the Lord's prayer couldn't pass the Senate without amendments; whereupon the wicked5Chicago Dispatch comments: "We think it might easily slip through without being recognized." All of the latest successful remedies for Colds, Cough and Catarrh can be * had at Muller's Mrs. J. C. Platt, mother of Mrs. W H.I. Houghton, arrived from An sonia. Connecticut on No, 4 to-day. Her arrival was a great surprise to Mrs. Houghton as she did not know her mother had left her Connecticut home. A quince is about the most worthless things we know anything about. It is not good raw, and when preserved has a taste that reminds you of an old maid's kiss. It is simply a suggestion of something good-Atchison Globe. DR. C. F. MOORE, dentist, Elko Crown and bridge work. Teeth with out plates. Office at residence. About two o'clock Friday morning the two story brick building on the corner of Decatur and Ursuline streets, New Orleans, was blown up : by an explosion from some unknown


Article from Rock Island Argus, April 6, 1895

Click image to open full size in new tab

Article Text

Failure of a Texas Bank. W ASHINGTON, April 6.-Comptroller Eckles has received a telegram announcing that the City National bank of Fort Worth, Tex., has closed its doors. The bank has a capital of $300,000 with a surplus of $60,000. The exact causes of the suspension have not yet been reported. but it is stated that the bank had large state, county and society deposits which were suddenly withdrawn.


Article from The Herald, April 6, 1895

Click image to open full size in new tab

Article Text

ANOTHER BANK CLOSES The City National Bank at Fort Worth, Texas, Closes Its Doors WASHINGTON, April 5.-Mr. Eckels, comptroller of the currency, today received a telegram announcing that the City National Bank of Fort Worth, Tex., has closed its doors. The bank has a capital of $300,000 with a surplus of $60,000. On March 5 last the loans and discounts of the bank amounted to $678,000; deposits, $529,000; owed in borrowed money. $66,000; total resources. $992, 000. The actual cause of the suspension is not yet reported, but it is stated that the bank had large state and county security deposits which were suddenly withdrawn, which probably was the result of the suspension.


Article from The Wheeling Daily Intelligencer, April 6, 1895

Click image to open full size in new tab

Article Text

Depositors Will be Paid, FORT WORTH, TEX., April 5.-The City National Bank, of this city, failed to open its doors to-day. On the door was posted this notice: "This bank has suspended payment by order of the board of directors. All depositors will be paid in full."


Article from Fort Worth Gazette, April 6, 1895

Click image to open full size in new tab

Article Text

MAYOR PADDOCK PETITIONS THE COMPTROLLER TO BE MADE THE RECEIVER OF THE FORT WORTH CITY NATIONAL BANK-A LIVELY CONTEST FOR THE POSITION IS EXPECTED-KNIGHTS OF PYTHIAS WILL TAKE A. HAND. WASHINGTON, April 5. The closing today of the City National bank of Fort Worth by Comptroller Eckles will bring about an Interesting contest for the receivership resulting. Owing to the large amount of assests and liabilities concerned, the pay for the receiver will be very handsome. Already applications for the position are crowding in upon Mr. Eckels. One of the earliest candidates to file an application is B. B. Paddock, the well-known Fort Worth boomer and politician. As one of the largest depositors is the local branch of the Knights of Pythins, It is probable that this order will take quite a. hand in the receivership fight. The comptroller placed Bank Examiner McDonald in charge of the bank.


Article from The Roanoke Times, April 7, 1895

Click image to open full size in new tab

Article Text

The Knights Will Lose Nothing. CHICAGO, April 6.-The board of control endowment rank Knights of Pythias, representing the insurance branches of that order and who have carried their principal account with the City National Bank, of Fort Worth, Tex., the depository for the endowmentrank, state that the temporary suspension of the City National Bank will not in the least embarrass the endowment rank, nor will a dollar of ing funds be lost, its balance being specially secured by a bond in more than double the amount.


Article from Fort Worth Gazette, April 7, 1895

Click image to open full size in new tab

Article Text

EXAMINER GANNON IN CHARGE. OF THE SUSPENDED CITY NATIONAL BANK YESTERDAY. BANK EXAMINERS ARE NOT ALLOWED TO TALK AND NO NEW DEVELOPMENTS REPORTED. FOUR IN THE RACE FOR THE REC:EIVERSHIP ALREADY. Bank Examiner J. J. Gannon of Dublin arrived yesterday morning and took charge of the City National bank. Examiner James T. McDonald of Paris, It was said at first, had been ordered to come to Fort Worth, but "there was a hitch," AS Mr. Gannon described it, and the Dublin man came instead. Mr. Gannon is as polite as Chesterfield with reporters, but that is all, They don't get business interviews with him. When asked for a statement of the suspended bank's condition yesterday by a Gazette representative, he sald: "I would be glad to give you anything in my power were I allowed, but the law under which 1 operate forbids me saying mything at any time about any bank." The street talk about the bank's condition and the situation the depositors were in was not abated. There is IItthe or no uneasiness felt in official circles and the impression that the city will get all its money generally prevails. Mr. Gannon was busy all day yesterday and was wading into big ledgers, Journals, account books, etc., with great energy. He has several assistants and will know all there is to know in a few days. In the meanwhile, there is nothing left for the depositors to do but to await developments. Few of them are alarmed and the greater number enjoy the hope that everything will come right in the end, "Who is to be receiver?" is a question Interesting almost every one to the city, Mayor Paddock says he did not make application for the position and knew nothing of the action of Washington friends till after it was done. Others who would like the job are: L Carb, G. W. Hollingsworth and Robert McCart: and there may be others. The friends of each of these gentlemen are doing all in their power to have their favorite get the place and the emolnments attached thereto.


Article from Fort Worth Gazette, April 8, 1895

Click image to open full size in new tab

Article Text

ENDOWMENT RANK K. of P. Money All Right-An Announcement from Chicago. Chicago, April 6.-The board of control of the endowment rank Knights of Pythias, representing the Insurance branch of that order, and who have carried their principal account with the City National bank of Fort Worth, Texas, the depository of the endowment rank, state that the temporary suspension of the City National bank will not in the least embarrass the endowment rank, nor will a dollar be lost, its balance being specially secured by a bond in more than double the amount. The board announces that all drafts that have been issued by them and are now outstanding, will be paid in full upon presentation to the First National bank of Fort Worth, with whom arrangements have been made for that purpose.


Article from The Daily Ardmoreite, April 10, 1895

Click image to open full size in new tab

Article Text

Dawes Commission. VASHINGTON, D. C., April 9.-The coming week will no doubt bring a number of appointments of interest throughout the west. It is understood that the organization of the Dawes Commission will be settled tomorrow or next day, and the two additional members provided for by the last Congress, as well as whatever new material the president may conclude to add, will be named. Then there are a number of very fine patronage plums to be given out by the Comptroller of the currency. Within the last two or three weeks several of the largest national banks in the country have failed, and there is no position in the Government service more generally sought than the receivership of a large bank. The larger the bank the better the pay and the greater the number of applicants. This has been very plainly shown by the contest for the receivership of the failed National Bank of Kansas City, which is expected to be settled by the Comptroller tomorrow or next day. He also hoped by the end of the week to be in a position to name a receiver for the City National Bank of Fort Worth. But the army of aplicants for the last named position is so constantly increasing and presents so many complicated political influences, that it may be some time before the Comptroller can disentangle himself enough to select one man from the many who are offering themselves for the appointment.


Article from Fort Worth Gazette, April 10, 1895

Click image to open full size in new tab

Article Text

PETER SMITH NAMED. Comptroller Eckels Makes Him City National Bank Receiver. Washington, April 9.-In spite of the fact that candidates for the receivership of the City National bank of Fort Worth continue to put In an appearance. the comptroller of the currency today decided to put an end to what looked to be an endless Increase, by appointing Colonel J. Peter Smith to the position. The commission in this case will be made out tomorrow. B. Townsend was today appointed postmaster for Adamsville, Lampasas county, vice T. J. Straley, resigned.


Article from Fort Worth Gazette, April 11, 1895

Click image to open full size in new tab

Article Text

COLONEL SMITH'S COMMISSION Made Out and Ready for Delivery, But the Directors Want to Resume. Washington, April 10.-The commission of Colonel J. Peter Smith of Fort Worth. as receiver of the City National bank of that city was made out today and ready for announcement when Comptroller Eckels res reived a telegram from the directors of the bank asking that the appointment of a rocelver be delayed until they could show their ability to resume business without further division of the bank's assets. The comptroller at once telegraphed asking upon what basis they expected to resume and miso wired to his examiner In charge as to the advisability of permitting Immediate resumption Until this is settled no receiver will be appointed, but whenever the appointment is made Colenel Smith will be appointed. No new candidates need therefore apply. 11. A. Stater was today appointed postmaster at Cade. in Navarro county, vice J. B. Carven, resigned. and J. T. McCarty at Lane Port, in Williamson county, vice J. C. Polloman, Jr., resigned.


Article from The Seattle Post-Intelligencer, April 13, 1895

Click image to open full size in new tab

Article Text

BUSINESS FAILURES. Better Showing Than Last Year-A Fresno Bank Closed. New York, April 12.-R. D. Dun & Co. say: Failures for the week were 207 in the United States, against 218 last year, and 27 in Canada, against 14 last year. Fresno, Cal., April 12.-The Fresno Loan and Savings band suspended business this morning. A notice on the door says dedositors will be paid in full, but the bank's inability to realize on securities makes It impossible to meet the demands. From Vice President E. F. Bernard, who became connected with the management In August, 1894, it is learned that the failure is due to the accumulation of Interest on real estate mortgages and inability to make other collections due. The struggle began in the panie of 1893, and they were forced to close their doors In June, 1894. for a day or so, but continued business. There is due their depositors $412,478. about equally divided between commercial and savings depositors. Their total assets amount to $710.000, which include notes and mortgages secured by real estate to the amount of $454,710. Their bank premises and other real estate is valued at $175,000, and the Amount of actual cash is $81,000. Allowing $100,000 for shrinkage in the value of real estate and worthless securities, they still have assets amounting to $200,000 more than the liabilities. The directors conferred this afternoon with the other banks of the city regarding commercial bulness. The other banks -have offered to take It off the failed bank's hands, dividing It equally between three banks, the First National, Fresno National and Farmers'. Kansas City, April 12-J. D. Iler's Rochester brewery made an assignment this afternoon. The assets are given as $30,000; liabilities. $167,000. Lawrence F. Reiger was named assignee. The cause of the failure was the cut in beer prices caused by the beer war. Washington City, April 12-The comptroller of the currency today appointed John Perry. of Kansas City, receiver of the National Bank of Kansas City, which suspended March 16, 1895, and John. F. Smith. of Fort Worth, Tex., receiver of the City National bank, of Fort Worth, which suspended April 4, 1895. Pure ****** and quick in setten la


Article from Fort Worth Gazette, April 13, 1895

Click image to open full size in new tab

Article Text

RECEIVER SMITH TAKES CHARGE OF THE CITY NATIONAL BANK YESTERDAY AT NOON. THE EXAMINERS WILL FINISH THEIR WORK ON APRIL 23. "BILL" STERRETT AND O'BRIEN MOORE RECOMMENDED COLONEL SMITH. Bank Examiner J. J. Gannon, examIning the affairs of the suspended City National bank, was wired by Comptroller Eckles yesterday to place Colonel John Peter Smith in charge of the bank as receiver. Mr. Eckles' instructions were obeyed and Colonel Smith assumed control at noon. His bond was prehared and forwarded to Washington yesterday afternoon. Examiners McDonald and Gannon will not conclude their work till April 22. Then Receiver Smith will assume entire control. There is said to be no doubt about the approval of the bond sent to Mr. Eckles. The examiners have been sending reports of the bank's condition to Washington by wire, and Comptroller Eckles knows as much as they do. Mr. Gannon was asked If the condition of affairs did not warrant the directors resuming business. "The appointment of a receiver is enough answer to that question," was the reply. Colonel Smith and both the examiners are very busy, and say they have enough work to discourage all save those used to the labors involved by bank suspensions. John A. Hinsley, president of the endowment rank, Knights of Pythias, Chicago, and T. G. Essex, director, Littie Rock, are in the city looking into the situation as regards the funds of the endowment rank that were in the City National. They are not talking for publication, but think everything is all right and that the knights will lose nothing by the suspension. Considerable speculation has been indulged in as to thos- who procured the appointment of Colonel Smith. The receiver had no little influence with Mr. Eckles and the administration himself, and his was augmented by that of W. D. Sterrett and O'Brien Moore, WashIngton correspondents of the DallasCalveston News and the St. Louis Republic respectively. This appears to have been an instance when the word of newspaper men went. Examiner Cannon said yesterday: "There are not two men in Washington who have more influence with Mr. Eckles than Bill Sterrett and O'Brien Moore." Judge Steadman had indorsements that would have won under all ordinary circumstances, but the "pull" of the Texas journalist-joker, and the brainy representative of the Republic carried the day over "Dave" Culberson and Congressman Bell. The appointment pleases the citizens of Fort Worth, and even the disappointing applicants are not grumbling.


Article from Barbour County Index, April 17, 1895

Click image to open full size in new tab

Article Text

for Port-au-Prince. President Cleveland says he will not call an extra session. The City National bank of Fort Worth, Tex., Tex., has suspended. Spence Sims was sentenced to death at Houston, Tex., for wife murder. wants good American apples, Germany reports Consul General DeKay, Spaniards report that they whipped a.rebel force near Santiago and killed four mon. The association for the Protection of the German Gold Standard has been formed. Ex-President Blanco, of Venezuela, is running a corner on the coffee mar ket of the world. Countess Russell has begun suit against the Earl for the restoration of her conjugal rights. The British carried Malakard Pass against 12,000 invaders of Chitral, after hard fighting. Plate glass manufacturers formed a combination at Pittsburg, with a capital of $10,000,000. It is said that Rockefeller was recently in Texas, where there is an indictment against him. The Edison and Westinghouse electric companies have reached a close business understanding. The Japanese forces are active in the vicinity of Formosa, which is not included in the armstice, The Marquis of Queensbury was acquitted of the charge of libeling Oscar Wilde. Wilde was arrested. General Harris, the hero of two wars, and a classmate of General Grant, died at Louisville Tuesday. The Interior department will print 15,000 maps of the United States and 20,000 maps of public land States and the territories. The Parr boys, noted Oregon horse thieves and outlaws, were captured by Indian police yesterday after a long chase and a hot fight. The Royal Arthur's presence in Nicaraguan waters causes some apprehension at Washington concerning John Bull: intentions. At a Mexican camp near Rungee, Tex., a duel resulted in the death of one Mexican and the fatal wounding of another Tuesday. The Mediterranean squadron has been ordered to patrol the Syrian coast and make a demonstration for the benefit of the Turks. Countess Russell, suing for restoration of her conjugal rights, became 60 nervous on the stand that she could not answer questions. The British museum has withdrawn from public use in the library the books in its collection of which Oscar Wilde is the author. The Concord has arrived at Chin King, the Atlanta has arrived at Colon from Carthagena, and the Allianca has arrived at New York. Three blocks in the business center of Tremplan, Wis., were burned Wednesday morning. The loss is between $10,000 and $15,000. Insurance, $3,000. Great Britain says she has received no proposition of conference on the sealing question. Secretary Gresham proposed it to the British ambassador on January 23. The boiler of the Lebalm Brick Works at Lansing, Ill., exploded Wednesday, killing an unknown inan, and injuring several others. About 75 men were employed at the plant. Henry Fanerman, a bully of Laporte, Ind., who had long abused his wife, was killed by the woman's father Sunday morning while choking his wife. According to reports received by Surgeon General Wyman, cholera is decreasing in Australia and Brazil, and has disappeared from Galicia and Prussian Silesia. The veterans in the State soldiers' home at Nashua, N. H., threaten to leave that place this week if the management takes possession of their pension money. The long overdue British ship Cupica, loaded with tin from Liverpool, arrived at Astoria, Sunvessel had been by day. bad England, The delayed Ore., weather. The Spanish officials at Santiago de Cuba have promised civil trials to August Bolton and Gustave Richelieu, American citizens picked up in a small boat near that place. The Illinois State Democratic Committee has issued a call for a state convention to meet June 4, to give pression to the State Democracy's views on the financial question. Great damage to fruits, grain and vegetables has been done in Georgia by two heavy hail storms in 24 hours. The Sultan of Turkey has, it is announced, decided to appoint a high commission to consider reforms in Armenia. The wound in the face of Chinese a Envoy Li Hung Chang, inflicted by Japanese fanatic, has completely healed. Four tramps were killed and injured in a freight wreck near East A1ton Junction while stealing a ride from Chicago to St. Louis. The Croker-Wheeler Electrical Supply company's works at N. by fire Sunday. $100,000; insurance, J., Loss, were destroyed $40,000. Ampere, Henry Bonneka, an aged alone in the Altoona, was murdered for ney. who lived His Pa., suburbs German, his of mobody was found Sunday. farmers from Kansas and Illinois in North Carolina, southeastern Nebraska, Ninety-three Colorado, looking are for land for themselves and friends.


Article from The Austin Weekly Statesman, April 18, 1895

Click image to open full size in new tab

Article Text

ENDOWMENT RANK FUND. Fort Worth, Tex., April 16.-(Special.)Hon. John A. Hinsey, president of the board of control of the endowment rank, Knights of Pythias, who has been in the ci for nearly a week, left:tonight in ccmpany with P. G. C. Essex of Arkansas, a member of the board of control, and P. G. C. Max Elser of Fort Worth, to attend the session of the Grand lodge Knights of Pythias of Texas at Houst n. Preside nt Hinsey was here to look into the status of the endowment rank funds, of which the. suspended City National bank was the de. pository. President Hinsey is sure the funds of the endowment rank are amply secured, first, because he thinks the depositors will be paid in full and then the bank has given a good bond in the sum. of $25,000 to secure the repayment of the rank funds in the event of any default in payment on the part of the bank. That bond is perfectly solvent and the two to-. rether make the rank funds secure.


Article from The Indianapolis Journal, April 21, 1895

Click image to open full size in new tab

Article Text

BANK CASHIER ARRESTED. Charged with Embezzling Funds to the Amount of $114,754. FORT WORTH, Tex., April 20.-To-day things took a different turn in the suspended City National Bank. Max Eiser, late cashier and city treasurer of Fort Worth, was arrested this afternoon on an indictment returned by the grand jury yesterday, charging the embezzlement of funds to the amount of $114,754.40. Elser was taken before Judge Harris and admitted to bail in the sum of $1,500. Elser claims the amount due the city has not been embezzied and is now in the vault of the defunct bank.


Article from Fort Worth Gazette, May 6, 1895

Click image to open full size in new tab

Article Text

# APPLICATION FOR RECEIVER For the Montague Coal Mining Company Filed at Waco. Saturday an application was filed in the United States district circuit court at Waco by Colonel J. P. Smith of this city for the appointment of a receiver for the Montague Coal Mining company. The property had been advertised for sale on May 7, under a deed of trust for $28,000, and the application for a receiver was made in order to prevent a sacrifice by sale. The mining property is located five miles from Bowie, in Montague county, and is valued at from $250,000 to $300,000. There is $500,000 capital stock, two-thirds of which is owned by the City National bank of Fort Worth, of which Colonel Smith is receiver. The principal office of the company is in Fort Worth, and the officers and directors reside here. Max Elser is president and J. J. Roche secretary of the company. Colonel Thomas F. West of Fort Worth represents the petitioners. The case will come up in the United States court at Waco before Judge John B. Rector today for argument and decision.


Article from Fort Worth Gazette, August 22, 1895

Click image to open full size in new tab

Article Text

Ne Want to close out 100 rs, and make $3 sing figure, though $4.50 rer to the actual value were $4, $5 and $6. out your spring suit with air of these Trousers. Sale until Saturday. See them played in our window. NASHER BROS, DIVIDEND DECLARED BY THE CITY NATIONAL BANK FORT WORTH. Receiver J. Peter Smith Made the Announcement Yesterday - As Amount Aggregating $500,000. It was announced yesterday by Oil J. Peter Smith, receiver of the Ct: National bank, that the bank WE ready to declare its first dividend. Col. Smith was seen at his office : the bank and


Article from Fort Worth Gazette, January 28, 1896

Click image to open full size in new tab

Article Text

WILL ENTER SUIT. JOHN P. SMITH TAKES ACTION TO RECOVER DEBTS. Suits Have Been Instituted for Nearly $57,000 By Receiver of City National Bank. Suits were filed yesterday in the district courts for the recovery of debts due the Sity National bank, of which John P. Smith is receiver. These accounts were, with one exception, contracted without any collateral to secure their payment. They are as follows: John P. Smith, receiver, vs. Porter Ball et al., for debt, $1070.71; John P. Smith. receiver, V8. Porter Ball, $2662; John P. Smith, receiver, vs. Capps & Canty et al., for debt. $3531.58; John P. Smith, receiver, VS. William Capps, for debt, $2452.79: John P. Smith, receiver, vs. Caswell Bros., for debt, $29,278; John P. Smith, receiver, vs. Josephine H. Ryan, for debt and foreclosure, part block A 1, Daggett's addition, $18,001.56.