18390. Houston Savings Bank (Houston, TX)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
December 19, 1885
Location
Houston, Texas (29.763, -95.363)

Metadata

Model
gpt-5-mini
Short Digest
8e1022da917b6890

Response Measures

None

Description

Articles show an initial run on the Houston Savings Bank beginning Dec 19, 1885 after the City Bank of Houston suspended. The Savings Bank met claims initially but later (Feb 26-27, 1886) closed its doors and a receiver was appointed (several reports name D. F. Smith; one source names Dr. David I. Stuart). The failure is attributed repeatedly to a heavy run precipitated by the City Bank's failure. I correct OCR/variant reporter differences but do not invent other details.

Events (3)
1. December 19, 1885 Run
Cause
Local Banks
Cause Details
Run initiated immediately after failure/suspension of the City Bank of Houston (depositors fearing contagion)
Measures
All claims were promptly met up to close of banking hours; published official statement later to reassure depositors
Newspaper Excerpt
Owing to the fact that several members of the directory of the Houston Savings Bank are also officers in the suspended bank, a run was immediately inaugurated on the savings bank
Source
newspapers
2. February 26, 1886 Receivership
Newspaper Excerpt
D. F. Smith was appointed receiver this morning and the affairs of the bank are now in his hands.
Source
newspapers
3. February 26, 1886 Suspension
Cause
Local Banks
Cause Details
Heavy withdrawals following the earlier City Bank failure and subsequent runs reduced reserves, prompting closure/suspension
Newspaper Excerpt
The Houston Savings bank closed its doors this morning...Some of the bank's heaviest depositors withdrew their funds yesterday afternoon and later in the day asked that a receiver for the bank be appointed.
Source
newspapers

Newspaper Articles (19)
1. December 20, 1885 Los Angeles Daily Herald Los Angeles, CA
Article from Los Angeles Daily Herald, December 20, 1885

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NEWS OF THE WORLD. A Bank Fails at Houston Texas, A MILLION DOLLARS. FOR The Troubles of a Bavarian Who Proved too Attractive to the Fair Sex. Special to the Herald by the Associated Press. HOUSTON, Tex., December 19.-Con siderable excitement was occasioned here this afternoon by the failure of the City Bank of Houston, one of the oldest financial institutions in the city and having a pa.d up capital of $500,000. The doors were closed at 1 o'clock, a notice being posted thereon that the bank had suspended payment pending an application for the appointment of a receiver. At 2:30 P. M. Judge Materson, of the District Court, on a petition filed by the bank's attorney, granted an order appointing Benj. F. Weems, receiver, and that gentleman immediately qualified in bonds of $300,000. Hon. Wm. R. Baker, present Mayor of the city, is President of the bank and Benj. F. Weems, Cashier. While the failure caused some consternation throughout the city, and a large crowd gathered about the bank clamoring for their money, yet the sus. was no surprise to the Total liabilities the a million dollars. other generally. pension including banks capital and An stock, exact business of will statement the exceed bank, men, of the bank's affairs at the time of the suspension is not obtainable to-night, but the last statement made, August 7 1885, gave the assets and liabilities as follows: Loans and discounts, $614,939; stocks and bonds, $343,662; bank building and furniture, $74,566; cash on hand, $145,445; exchange, $62,558; total, $1,241,230. Liabilities-Capital stock, $500,000; demand deposits, $417,841; time deposits, $255,589; due other banks, $65,047; profits, $2753; total, $1,241,230. The above statement is believed to represent nearly the condition of the bank's finances at the time of the suspension. The bank has been losing money for years. Since the time of the failure of William J. Hutchins who was indebted to the bank in $350,000. As security they held liens upon Hutchius' hotel property, the Eureka mills and several va. cant lots. This property constantly depressed in value on the bank's hands, and finally became a source of expense instead of revenue. Owing to the fact that several members of the directory of the Houston Savings Bank are also officers in the suspended bank, e run was immediately inaugurated on the savings bank, but all claims were promptly met. The bank, however, closed its doors at 3 o'clock, the usual closing hour, with a long line of anxious depositors waiting to reach the paying teller's window. If the run is continued on Monday it is believed that the savings bank will be prepared to meet the exigency. The deposits of the broken bank will reach over $500,000. Many poor people were among the depositors.

2. December 20, 1885 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, December 20, 1885

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A BANK GOES TO THE WALL. The City Bank of Houston, Capital $500,000, Closes Its Doors. Excitement Over the Failure Very Great--Savings Bank Suffers. HOUSTON, Tex., Dec. 19.-Considerable excitement was occasioned here this afternoon by the failure of the City Bank of Houston, one of the oldest financial institutions in the city and having a paid-up capital of $500.000. The doors were closed at 1 o'clock, a notice being posted thereon that the bank had suspended, pending an application for the appointment of a receiver. At 2:30 Judge Matterson of the district conrt, on the petition filed by the bank's attorneys, granted an order appointing Benjamin F. Weems receiver and that gentleman immediately qualified, filing a bond for $300,000. Hon. William R. Baker, the present mayor of the city, is president of the bank. and Benjamin F. Weems cashier. While the failure caused some consternation throughout the city and a large crowd gathered about the bank, clamoring for money, yet the suspension was no surprise to the other banks and business men generally. The total liabilities of the bank. including the capital stock, will exceed $1,000,000. AN EXACT STATEMENT of the bank's affairs at the time of suspension is not obtainable to-night, but the last statement, given Aug. 1, 1885, gave assets and liabilities as follows: Assets-$1,241,230; liabilities. $1,241,230. The above statement is believed to represent nearly the condition of the bank's finances at the time of the suspension. The bank has been losing money for years. Up to the time of the failure of William J. Hutchins, who was indebted to it to the amount of $380,000. As security, the bank held loans upon the Hutchins hotel property, Eureka mills and several vacant lots. This PROPERTY CONSTANTLY DEPRECIATED in value on the bank's hands, finally becoming a source of expense instead of revenue. The debts of a similar character accumulated as the years passed, and on May 1 last, when the bank struck a balance. the directors were greatly chagrined and surprised to find that it had failed to pay its expenses for the year ended April 30 by some $6,000. At that time its deposits reached $572,000. and, notwithstanding the fact that it became known in business circles that the bank was heavily loaded down, its deposits during the next three months increased over $80,000. This was owing to the high character of its officers, among whom are the best-known men in the city. The institution did business under a state charter granted in 1868, one of the last banking charters granted in Texas. The late Benjamin A. Botts was president of the bank for about fifteen years. On his death on Oct. 1 last, Mayor Baker succeeded him. B. F. Weems THE RECEIVER has been cashier ever since the bank started. William M. Rice, formerly of Houston, now of New York, is one of the largest stockholders. All these gentlemen are wealthy aside from their stock. Owing to the fact that certain members of the directory of the Houston Savings' bank are also officers in the suspended bank. A run was immediately inaugurated on the Savings' bank. but all claims were promptly met. The bank, however, closed its doors at 3 o'clock, the usual closing hour, with a long line of auxious depositors waiting to reach the paying teller's window.. If the run continues on Monday. it is believed the Savings' bank will be prepared to meet the emergency. Deposits of the broken bank will reach over $500,000. Many poor people were among the depositors. The Missouri Pacific Railroad company deposited with it. The New York correspondents of the bank are the Continental, National and the Nation Park bank, at New Orleans the State National bank and at St. Louis the Bank of Commerce. The receiver, with a force of clerks, is at work on the books preparing a statement.

3. December 20, 1885 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, December 20, 1885

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A CRASH AT HOUSTON. One of the Oldest Banks in the City Closes Its Doors--A Receiver at Once Appointed. The Failure No Surprise-Assets and Liabilities as Shown By the August Statement. A Run Inaugurated on the Houston Sav. ings Bank-All Claims Met Up to the Close of Banking Hours. Special to the Gazette. HOUSTON, TEX., Dec. 19.-A good deal of excitement was occasioned this afternoon by the failure of the City bank of Houston, one of the oldest financial Institutions in the city, having a paid-up capital of $500,000. Its doors were closed at 1 o'clock, and notice was posted that the bank had suspended payment pending application for the appointment of a receiver. At 2:30 Judge Masterson of the district court, on a petition filed by the bank's attorneys, granted an order appointing Benj. F. Weems receiver, who immediately qualified, fliing a bond for $300,000. Hon. William R. Baker, present mayor of the city, is president of the bank, and Benjamin F. Weems cashier. While the failure caused considerable consternation throughout the city and a large crowd gathered about the bank clamoring for money, yet the suspension was no surprise to other banks and the business men generally. The total liabilities of the bank, including capital stock, will exceed $1,000,000. An exact statement of the bank's affairs at the time of the suspension is not obtainable to-night, but the last statement made August 1, 18.5, gave assets and liabilities as follows:

4. December 21, 1885 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, December 21, 1885

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BIG BANK FAILURE At Houston, Texas-the City Bank Closes its Doors. HOUSTON, Dec. 19.-Considerable excitement was occasioned here this afternoon by the failure of the City Bank of Hous. ton, one of the oldest financial institutions in the city, and having a paid-up capital of $500,000. The doors were closed at 1 o'clock, a notice being posted thereon that the bank had suspended payment pending an application for the appointment of B receiver. B. F. Weems was subsequently appointed. While the failurecaused some consternation throughout the city, and & large crowd gathered about the bank clamoring for money, yet the suspension was no surprise to the other banks and business men generally. The total liabilities of the bank, including the capital stock, will exceed $1,000,000. The assets, according to the last statement, amount to about the same. Owing to the fact that certain Members of the directors of the. Houston Savings Bank are also officers in the suspended bank, a run was immediately inaugurated on the savings Bank, but all claims were promptly met. The bank, however, closed its doors at 9 o'clock, the usual hour, with a long line of anxious depositors waiting to reach the paying teller's window. If the run is continued on Monday it is believed the Savings Bank will be prepared to meet the exigency.

5. December 21, 1885 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, December 21, 1885

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YESTERDAY'S SECOND EDITION. [The following items of news appeared in our Second Edition of Sunday:] Bank Eailure in Texas. HOUSTON, Tex., Dec. 19.-Considerable excitement was occasioned here, this afternoon, by the failure of the City Bank, of Houston, one of the oldest financial institutions in the city, and having a paid-up capital of $500,000. The books were closed at 1 P. M., a notice being posted on the door that the bank had suspended, pending an application for a receiver. A large crowd gathered about the door, clamoring for money, but there was no violence offered. It is not possible, to-night, to obtain a statement of the bank's exact situation. The bank has been losing money for years to the time of the failure of William J. Hutchins, who was indebted to it to the amount of $350,000. As security, the bank held liens upon the Hutchinson Hotel property, the Eureka mill, and several vacant lots. This property constantly depreciated in value in the bank's hauds, finally becoming a source of expense instead of revenue. Other debts of a similar character accumulated as the years passed, and on May 1, last, when the bank struck a balance, the directors were greatly chagrined and surprised to find that it had failed to pay expenses for the year ended April 30, by some $6,000. At that time its deposits reached $572,000, and notwithstanding the fact that then it became known in business circles that the bank was heavily loaded down, its deposits during, the rext three months increased over $80,000. This was owing to the high character of its officers. among whom are the best-known men in the city. The institution aid business under a State charter granted in 1868, one of the last banking charters issued by Texas. The late Benjamin A. Botts was president of the bank for about fifteen years. On his death, on Oct. 1 last, Mayor Baker succeeded him. William M. Rice, formerly of Houston, now of New York, is one of the largest stockholders. These gentlemen are wealthy, aside from their bank stock. Owing to the fact that certain members of the directory of the Houston Savings Bank are also officers in the suspended bank, a run was in augurated on the Savings Bank, but all claims were promptly met. The bank, however, closed its doors at 3 o'clock, the usual closing hour, with a long line of depositors waiting to reach the paying teller's window. If the run is continued on Monday it is believed the Savings Bank will be prepared to meet the ex igency. The deposits of the broken bank will aggregate over a half million dollars. Many poor people were among the depositors. The Missouri Pacific Railway Company deposited with it. The New York correspondents of the bank are the Continental National and the National Park; at New Orleans, the State National Bank, and at St. Louis, the Bank of Commerce. The receiver, with a force of clerks, is at work on the books, preparing a statement.

6. December 22, 1885 Savannah Morning News Savannah, GA
Article from Savannah Morning News, December 22, 1885

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HOUSTON'S CRASH. Withdrawal of Large Deposits the Inamediate Cause. HOUSTON, TEX., Dec. 21.-The run on the Houston Savings Bank continued for a few hours this morning, and then gradually ceased. The savings bank published an official statement showing that it was not involved with the affairs of the City Bank, which suspended oa Saturday, beyond small sums amounting to $342 due from the latter bank. The suspension of the City Bank was precipitated by the withdrawal of large deposits by some of the oldest customers.

7. February 27, 1886 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, February 27, 1886

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off and hurled entirely across the streets. The damage will be considerable. To-day the wind is still very high, with frequent gusts of snow. Severe Weather In New York. NEW YORK, Feb. 26.-The western blizzard has reached New York. The mercury has fallen over 20 degrees in the past few hours, and streets that were deluged by rain yesterday are covered with ice to-day. The wind is blowing a gale, and it is with the greatest difficulty that telegraphic connection can be maintained with either the East or South. The sea in the bay is unusually high, and it is feared the gale will prove as disastrous to shipping as the great storms of January 9 last. Lower Railroad Rates Expected. TOPEKA, Ks., Feb. 26.-Various indications here show that the war resulting from the breaking up of the Transcontinental Association is more virulent than ever. The probabilities are that rates to the Pacific Coast, at least by the Santa Fe route, will be made much lower before they are higher. Travel has considerably fallen off on all lines, in anticipation of this result, and it is not possible to say when the lowest point will be reached in the Pacific Coast business. A Houston, Texas, Bank Falls. Sr. LOUIS, Feb. 26.-A special from Houston, Texas, to the Post-Dispatch says that the Houston Savings Bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon, and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning, and the affairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. The failure is due to the heavy run on it at the time when the Houston City Bank failed recently. Canada's Stringent Sunday Laws. TORONTO, Ont., Feb. 26.-The Government to-day introduced a bill, making it a misdemeanor for any person not a member of a landlord's family to enter barrooms on Sundays, and increasing the penalties for the illegal selling of liquor, as follows: First offense, $50 to $100 fine; second. four months' imprisonment. without option of 8 fine; third, six months' imprisonment. For making searches the provisions of the Gambling Act will be applied. A Strike Probably Ended. CHICAGO, Feb. 26.-The proprietor of McCormick's large reaper factory stated to-day that the works would again start up in a few days, a committee of workmen assuring him that about 1,000 of the men desired to return to work, no matter what action might be taken by the Knights of Labor. The strike began on February 16 of 1,400 men, owing to a refusal to discharge four non-union moulders. General Hazen Sues for Libel. NEW YORK, Feb. 26.-General Hazen, Chief Signal Service officer, is now suing George Jones, proprietor of the New York Times. to recover $100,000 damages for alleged libel, it being charged that the newspaper published libelous statements concerning the plaintiff's character as a Signal Service officer and also concerning his connection with the recent Arctic expedition. A Murderer Hanged. RENSSLAER, Ind., Feb. 26. Weibern Wartena was hanged here to-day for the murder of John Dregher on November 4, 1884. The murdered man lived with Wartena, and attempted to obtain bis money. The body of the murdered man was afterwards thrown into the Mississippi river. New York's Grand Jury. NEW YORK, Feb. 26.-The Grand Jury was discharged to-day. They returned no indictments against any of the Aldermen who granted the Broadway railroad franchise. "DDD" will improve the appetite-at * Capron's.

8. February 27, 1886 The Daily Telegraph Monroe, LA
Article from The Daily Telegraph, February 27, 1886

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Bank Failure. ST. LOUIS, Feb. 27.-A special from Houston, Texas, to the Post-Dispatch states that the Houston Savings bank closed its duors y ;terday morning. Some of the bank's heaviest. depr citors withdrew their funds Thursday after afternoon and later in the day asked that a receiver be appointed: D. F. Smith W23 appointed receiver this morning. The affairs of the bank are now in his hands. Total : amount of money deposited with the bank is $250,000. It failure is due to the heavy run upon it at the time when the Houston City bank failed recently.

9. February 27, 1886 The Democratic Leader Cheyenne, WY
Article from The Democratic Leader, February 27, 1886

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Failure of a Savings Bank. ST. LOUIS, Feb. 26.-A special from Houston, Texas, to the Post-Dispatch states that the Houston savings bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon, and later in the day asked that a receiver for the bank be appointed. D.T. Smith was appointed receiver this morning, and the affairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. The failure is due to a heavy run upon it at the time when the Houston city bank failed, recently.

10. February 27, 1886 The Argus Rock Island, IL
Article from The Argus, February 27, 1886

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Texas Savings Bank Gone Under. HOUSTON, Tex., Feb. 27.-The Houston Savings bank failed to open its doors Friday morning at the usual hour, causing great excitement among citizens and business men generally. Developments show that a petition was filed late Thursday night to have a receiver appointed, which was granted, Dr. David I. Stuart, of Stuart & Boyles, being appointed receiver. The de posits are estimated at $250,000.

11. February 27, 1886 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, February 27, 1886

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A Savings Bank Closes Its Doors. HOUSTON. Tex., Feb. 26.-The Houston Savings Bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon, and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning, and the affairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. Its failure is due to the heavy run upon it at the time when the Houston City Bank failed recently. The bank had a paid-up capital of $100,000. The officers are Frederick A. Rice, president; F. Raphael, cashier. No definite statement is obtainable. Its last public statement was in August, 1883, showing assets $442,344, deposits $411,255, netprofits $31,039. The officers say the only material change since that time is a decrease in deposits to $286,000 since the City Bank failure. On July 1st last the bank had a surplus of $73,527. Its correspondents are the Mercantile National Bank, of New York, and the Continental Bank, of St. Louis.

12. February 27, 1886 Los Angeles Daily Herald Los Angeles, CA
Article from Los Angeles Daily Herald, February 27, 1886

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Another Texas Bank Failure. ST. LOUIS, February 26.-A special from Houston, Texas, to the Post-Dis. patch states that the Houston Savings Bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning and the bank is now in his hands. The total amount of money deposited with the bank is $250,000. The failure is attributed to the heavy run upon it at the time when the Houston City Bank failed recently.

13. February 27, 1886 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, February 27, 1886

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A Bank Succumbs. HOUSTON, Tex., Feb. 26.-The Houston Savings bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning and the affairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. Its failure is due to the heavy run upon it at the time when the Houston City bank failed recently.

14. February 27, 1886 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, February 27, 1886

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A Bank Succumbs. HOUSTON, Tex., Feb. 26.-The Houston Savings bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning and the effairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. Its failure is due to the heavy run upon it at the time when the Houston City bank failed recently.

15. February 28, 1886 The Ouachita Telegraph Monroe, LA
Article from The Ouachita Telegraph, February 28, 1886

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Bank Failure. ST. LOUIS, Feb. 27.-A special from Houston, Texas, to the Post-Dispatch states that the Houston Savings bank closed its doors yesterday morning. Some of the bank's heaviest depositors withdrew their funds Thursday after afternoon and later in the day asked that a receiver be appointed. D. F. Smith was appointed receiver this morning. The affairs of the bank are now in his hands. Total: amount of money deposited with the bank is $250,000. Its failure is due to the heavy run upon it at the time when the Houston City bank failed recently.

16. March 4, 1886 The True Northerner Paw Paw, MI
Article from The True Northerner, March 4, 1886

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SOUTHERN. The conduct of Lieutenant Greene, of the signal corps, and other members of the recent court-martial at Fort Myer, Virginia, was such as to draw from the Secretary of War an expression of the stern condemnation of the abuse of counsel for the accused and of enlisted men serving as witnesses. A Texas paper states that Mrs. J. W. Phillips, one of the women who was found murdered at Austin on Christmas Eve, were the paramour of a prominent Texas politician, in whose company she was on the night of the murder, and that the man must have been a witness to her taking off. Phillips, who is held for the murder of his wife, was terribly wounded the same night, and has but recently recovered. It is said that a woman friend of Mrs. Phillips has given important testimony, and that she was given $3,000 to leave the State, but was prevented by one of Pinkerton's detectives. While passing through Georgia, Thomas A. Edison, the electrician, conceived the plan of a machine for picking cotton, and showed sketches of his new invention to persons in a hotel at Atlanta. The Houston (Tex.) Savings Bank has failed, with liabilities approximating $500,000. The suspension caused great excitement in the city, and was wholly unexpected in business circles. As the news spread through the town several hundred anxious depositors gathered about the bank, excitedly discussing the causes leading to the suspension. A receiver has been appointed.

17. March 4, 1886 Crawford Avalanche Grayling, MI
Article from Crawford Avalanche, March 4, 1886

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LATER NEWS ITEMS. The average prices of the leading cereals in the English markets for the last year are footed up as 32s 10d per quarter for wheat, 30s 1d for barley, and 20# 7d for oats. All these are for the quarter of eight measured bushels, which for English wheat averages about eight times sixty-two pounds. It is understood that the wheat figures apply only to the grain grown at home, the product of Indian soil having averaged even less. The lowest price was 30s 2d, touched the last Saturday in the year, but even that minimum of less than 88 cents per sixty pounds has been surpassed since then. The average had not been so low in any former year since 1761, and only four times in the whole of the eighteenth century. Four glandered horses on farms near Rochester, III., were killed by the Assistant State Veterinarian, and thirteen others were ordered quarantined. Two employes of the N. K. Fairbank Company, of Chicago, are missing, and are accused of having robbed the firm of about $5,000. For the recent assault on Mr. Dickson, United States Attorney at Salt Lake, Angus and Frank J. Cannon have been held in $1,000 each. Edison, the electrician, in an interview regarding the telephone decision by the Indiana Supreme Court, expressed the belief that the law would be pronounced unconstitutional, and declared the decision fatal to patents and progress. At a Lutheran cburch in Detroit the twelfth male child of a German family named Detloff was named after President Cleveland, who was represented by Congressman Maybury. The infant was presented with a $10 gold-piece. A schedule of the liabilities and assets of the defunct Ritzinger Bank of Indianapolis shows assets, $267,827; liabilities, $455,868. The bank had 1,400 depositors. It is claimed that 45 cents on the dollar can be paid them. A skating rink and three other structures at Troy, N. Y., were burned, falling walls injuring several persons, the skull of one man being crushed. The financial loss is $45,000. A business block at Baltimore, occupied by clothing firms, was partially gutted, the Josses reaching $95 Wiebren Wartena, who murdered John Dreger on the bank of the Kankakee River, was executed at Rensselaer, Ind. Nearly one thousand persons were allowed to witness the hanging. The Houston (Tex.) Savings Bank has failed, with liabilities approximating $500,000. The suspension caused great excitement in the city, and was wholly unexpected in business circles. As the news spread through the town several hundred anxious depositors gathered about the bank, excitedly discussing the causes leading to the suspension. A receiver has been appointed. I SENATOR MITCHELL, of Oregon, spoke in the Senate, on the 26th inst., in support of his antiChinese bill. The Blair educational bill was debated, after which the Senate adjourned. The House had a lively session. Mr. Morrison, from the Committee on Rules, reported a resolution that a select committee of nine members be appointed to inquire into the Pan-Electric telephone matter and report whether any offic er of the Government has been improperly influenced. Mr. Gibson, of West Virginia, bitterly criticised Mr. Pulitzer, whom he accused of shrinking behind the columns of his newspaper to attack

18. March 17, 1886 The Abbeville Press and Banner Abbeville, SC
Article from The Abbeville Press and Banner, March 17, 1886

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South and West. # THE Houston (Texas) savings bank has failed. WILBERN WARTENA, a Hollander, was hanged the other day at Rensselaer, Ind., for the murder of John Dreger, a farmer. GEORGE A. PEET, manager of the Gullete Cotton Gin factory at Amite, La., was seized by a crowd of masked men, tied to a tree and terribly flogged. The reason assigned by the men for the act was that Mr. Peet had discharged a number of workmen. On Friday, April 23, eight murderers are to be hanged in the Indian Territory. DURING the past winter no less than 100 children have been burned to death in Georgia. The majority of them were left alone in the house of their parents. On January 26 Mrs. Fannie Rich, of Cobleskill, N. Y., fled with Dr. H. S. Gale to the West, and finally took up quarters at St. Paul. The other day her husband arrived at the hotel where they were stopping and after a stormy interview Rich shot his wife dead and then killed himself. ANOTHER heavy snow storm in the Northwest has blocked the railroads and greatly retarded business. An explosion blew up the Miami Powder mills at Goes station, Ohio, and three men inside were torn into fragments. WORK has been resumed in the McCormick Reaper works, Chicago. A WESTERN syndicate with $20,000,000 capital is stated to have secured a monopoly in the manufacture of cotton seed oil.

19. March 18, 1886 The Austin Weekly Statesman Austin, TX
Article from The Austin Weekly Statesman, March 18, 1886

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FUNDS IN HAND. Houston Savings bank, $1,445.49; Ball, Hutchins & Co., $1,813.48; First National bank, Austin, $1,496.64; Bonner & Bonner, Tyler, $600; W. T. Parish, Rusk, $4,495.37; cash on hand in safe, $3,114.37. Captain Braham, in a note attached to his statement, says: "The above amount, $1,444.49, that I had deposited in the Houston Savings bank at the time of its suspension, I have since paid back, and will take the amount lost in the Houston Savings bank to my private account. HAYWOOD BRAHAM, Financial Agent."