Article Text
Texas Bank Assignment. [BY ASSOCIATED PRESS.] JEFFERSON, Tex., July 22.-The Citizens' Bank, of Jefferson, has assigned to T. J. Rodgers. Liabilities, $100,000; assets, $125,000.
18403. Citizens Bank (Jefferson, TX)
Bank Information
- Episode Type
- Suspension โ Closure
- Bank Type
- state
- Start Date
- July 22, 1891
- Location
- Jefferson, Texas (32.757, -94.345)
Metadata
- Model
- gpt-5-mini
- Short Digest
0878fec468acc0aa
Response Measures
None
Description
The Citizens' Bank of Jefferson, TX made an assignment July 22, 1891 to protect depositors (assets exceed liabilities). A receiver is reported in charge by July 29, 1891. No contemporaneous articles describe a depositor run prior to the assignment; this appears to be a voluntary assignment/suspension that resulted in receivership/closure.
Events (2)
1.
July 22, 1891
Suspension
- Cause
- Voluntary Liquidation
- Cause Details
- Bank assigned to protect depositors after recent embarrassment of some of its heaviest creditors; assets reported in excess of liabilities.
- Newspaper Excerpt
- Last night the Citizens' bank assigned. Liabilities, $100,000; assets, $125,000. Depositors and creditors fully protected.
- Source
- newspapers
2.
July 29, 1891
Receivership
- Newspaper Excerpt
- Receiver in Charge. JEFFERSON...There are no new developments in the Citizens' bank failure yet. The bank's statement is delayed on account of the cashier, A. D. Banta, being laid up with a broken leg. Hardy O'Neal...the receiver ... has entered upon the discharge of his duties.
- Source
- newspapers
Newspaper Articles (12)
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A Bank Assigns. JEFFERSON, Tex., July 21.-The Citizens' bank has assigned to protect depositors. Recent embarrassment of some of its heaviest creditors is the cause. The assets are largely in excess of the liabilities.
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TELEGRAPHIC FLASHES. G corge W. Craig & Co.'s cotton warehouse, at Yazoo, Miss., together with 500 bales of cotton, was burned last night. Loss, $25,000; insurance, $19,000. The Citizens' Bank of Jefferson, Texas, assigned yesterday. Liabilities, $100,000; assets, $125,000. The Navy Department has received a dispatch announcing the departure of I-oquis from Honolulu for Apia, Samoa. at which place she is expected by August 4th.
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CONDENSED TELEGRAMS. LONDON, July 22.-The Shah of Persia is seriously ill. BUENOS AYRES, July -The French Bank at River Platte has resumed business. LONDON, July 2.-Rich petroleum deposits have been discovered on the Island of Zante, Greece. PARIS, July 22.-The wheat market is strong. The weather is unfavorable. Large quantities of wheat have been laid down and damaged by rust. JEFFERSON (Texas), July 22.-Last night the Citizens' Bank assigned. Liabilities, $100,000; assets, $125,000. Depositors and creditors are fully protected. ST. PETERSBURG, July 22.-The conference of Orthodox clericais in Moscow has resolved to demand the active enforcement of the penal laws against the Stundists. CITY OF MEXICO, July 22. - President Diaz, who has been suffering from an attack of influenza, accompanied by insomnia, is better and is able to leave his bed to-day. BOSTON, July 22.-The Republican State Central Committee to-day decided to hold the State Convention at Tremont Temple, Boston, Wednesday, September 16th. Henry Cabot Lodge will preside. BUENOS AYRES, July 22. - Intelligence has been received that troops at Corrientes revolted, but the revolt was suppressed after severe fighting and the leaders arrested. Four were killed.
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MORE BANKS TUMBLE. The Kimball-Champ Company, of Council Bluffs, Assigns. BAD NEBRASKA INVESTMENTS. A New York Bank Officer Forced to Resign-Heavy Shipments of Money to the West. COUNCIL BLUFFS, Ia., July 22-The KimballChamp Investment Company, with a capital stock of $200,000, assigned today for the benefit of creditors. Messrs. Kimball and Champ also did a general banking business. Before the failure of the investment company there was on deposit in the bank about $50,000, including $7,000 of Pottawottamie county money. The county drew out this amount just before the assignment was filed. Some other depositors got out their money also, but the larger part of the funds are now in the hands of the assignee. The attorney for the assignee says the causes of the assignment were many. Chief among them was the total failure of borrowers in Nebraska to pay interest coupons, extreme dullness of business, stringency in the markets, poor collections and the company's inability to bond the Grand hotel, which it had just built at a cost of $75,000. He says the assets amount to $400,000 and the liabilities to about $100,000. He thinks Kimball and Champ, as bankers, have protected the trust funds and depositors, 50 there will be no losses here. Eastern capitalists are largely interested in the investment company. NEW YORK, July 22.-Officials of the Third National bank announced today that the resignation of Vice-President Buckhout had been accepted. Later Buckhout appeared on Wall street and denied the statement. The cashier of the bank says Buckhout has certainly resigned on account of the association of his name with the American Loan and Trust Company's troubles. He owed the trust company $17,000 on an overdue note made by him to cover the overdrawn account of James Silver in the First National. Silver was one of the directors of the trust company and of the Washington National bank. The sheriff today took possession of the Hudson River Boot and Shoe Manufacturing Company. The liabilities are placed at $125,000, with assets largely in excess of this sum. JEFFERSON, Tex., July 22.-Last night the Citizens' bank assigned. Liabilities $100,000; assets $125,000. Depositors and creditors are fully protected.
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A Texas Bank Assigns. JEFFERSON, Texas, July 22.-Last night the Citizen's bank assigned. Liabilities, $100,000; aseets, $125,000. The depositors and creditors are fully protected.
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CONDENSED TELEGRAMS. The conference of the Women's Christian Temperance Union, adjourned yesterday, having been in session several days at Mountain Lake Park, N. D. The strike of steel workers at the Allegheny Besemer steel works of Carnegie at Duquesne, Pa., for recognition of the amalgamated association, ended today in a victory for the firm. The citizens bank at Jefferson, Tex., has assigned to protect its depositors. The recent embarassment of some of its heaviest creditors is the cause. The assets are largely in excess of the liabilities. Nothing yet has ever been heard of the four missing midshipmen of Her Majesty Steamship Warspite. One of the canoes in which the young men left for Pedden Bay has been picked up, and it is believed they were drowned. An Omaha special from Battle Creek, Neb., says the doors of the Farmers' and Growers' Bank closed this morning. No statement has been made yet. The bank has a capital of $25,600.
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A Jefferson, Tex., Bank Assigns. JEFFERSON, Tex., July 22.-Last night the Citizens' bank assigned. Liabilities. $100,000; assets, $125,000. Depositors and creditors fully protected.
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THE SOUTHERN SUMMARY. OTHER methods of settlement for the difficulty with the miners at Briceville, Tenn., having failed, Gov. Buchanan has decided to call a special session of the legislature and has issued a call for elections to fill vacancies. In the call for the special session he will embody the recommendation that the convict lease system be modified, if not repealed. Pending the election the convicts must return to the Briceville mines, from which they were evicted. If the miners agree not to molest them until the legislature acts the militia will be sent home. Those best acquainted with the mountain people believe the miners will accept the proposition. If they do not the convicts will return to Coal Creek accompanied by the militia. If the state troops cannot furnish adequate protection the United States will be asked to send regulars. SHERMAN HARTER, a robust man of 27 years of age and a giant in stature, died at the St. Joseph, Mo., city prison in horrible agony from hydrophobia. He was bitten over the eye two years ago while playing with a kitten, and suffered no trouble from it until recently, when he felt a pain near the old wound. At the sight of water he was seized with convulsions. He was taken to the hospital and shortly afterward there ensued an awful struggle between him and five attendants, who tried to control him. He was finally strapped to a bed, but not until he had almos killed two of the assistants. Injections of morphine seemed to have no effect on him. Later he was removed to the city prison for greater safety, and after awful agony died in a convulsion. THE Citizens' bank, of Jefferson, Tex., has assigned to secure depositors. The recent embarrassment of some of its heaviest customers is the cause. The assets are largely in excess of the liabilities. NAT K. JONES, youngest son of United States Senator James J. Jones of Arkansas, who was shot by J. F. Shipley at Washington, Ark., has since died of his wounds. Shipley is in jail.
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Receiver in Charge. Special to the Gazette. JEFFERSON, MARION COUNTY, July 29.There are no new developments in the Citizens' bank failure yet. The bank's statement is delayed on account of the cashier, A. D. Banta, being laid up with a broken leg. Hardy O'Neal of Linden, the receiver of the Jefferson lumber company, has entered upon the discharge of his duties.
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THE SOUTHERN SUMMARY. OTHER methods of settlement for the difficulty with the miners at Briceville, Tenn., having failed, Gov. Buchanan has decided to call a special session of the legislature and has issued a call for elections to fill vacancies. In the call for the special session he will emb ody the recommendation that the convict lease system be modified, if not repealed. Pending the election the convicts must return to the Briceville mines, from which they were evicted. If the miners agree not to molest them until the legislature acts the militia will be sent home. Those best acquainted with the mountain people believe the miners will accept the proposition. If they do not the convicts will return to Coal Creek accompanied by the militia. If the state troops cannot furnish adequate protection the United States will be asked to send regulars. SHERMAN HARTER, a robust man of 27 years of age and a giant in stature, died at the St. Joseph, Mo., city prison in horrible agony from hydrophobia. He was bitten over the eye two years ago while playing with a kitten, and suffered no trouble from it until recently, when he felt a pain near the old wound. At the sight of water he was seized with convulsions. He was taken to the hospital and shortly afterward there ensued an awful struggle between him and five attendants, who tried to control him. He was finally strapped to a bed, but not until he had almost killed two of the assistants. Injections of morphine seemed to have no effect on him. Later he was removed to the city prison for greater safety, and after awful agony died in a convulsion. THE Citizens' bank, of Jefferson, Tex., has assigned to secure depositors. The recent embarrassment of some of its heaviest customers is the cause. The assets are largely in excess of the liabilities. NAT K. JONES, youngest son of United States Senator James J. Jones of Arkansas, who was shot by J. F. Shipley at Washington, Ark., has since died of his wounds. Shipley is in jail. NEAR Paris, Ky., a negro tramp killed a man and wife and shot their two sons, one fatally, and was himself slain by neighbors. The negro had previously killed seven persons.
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THROUGH DIXIE. NEWS OF THE SOUTH BRIEFLY PARAGRAPHED Forming an Epitome of Daily Happenings Here and There. The Berkely land syndicate of Denver, Col., made an assignment Tuesday. Lia.bilities, $400,000; assets, $600,000. A Memphis, Tenn., dispatch says: Proceedings of the motion for a new trial in the King murder case were resumad Monday morning in the criminal court, A small boiler used in the repair shops of the Hill City oil mill, at Vick-burg, Miss., exploded Tuesday, fatally injuring Engineer Albert Spier and Fireman Albert Fisher. Last Saturday a battle between nogroes and Mailan workmen OR the Norfolk: and Western road, in Logan county, West Virginia, was fought, in which two Italians and one' negro were killed, and several wounded. Four convicts in the military prison at Fort Leavenworth escaped Tuesday by tunneling under the prison. (One of the four Was Baseball Pitcher Lucas, who made his third successful atte. upt to escape since his incarceration some months ago. Judge Cassady, of the Anniston, Ala city court, OD Monday, appointed Capt.. A. P. Agee receiver of the defunct Anpiston Saving and Safe Deposit Company. This was done at the request of the depositors, who held two or three meetings ecently to devise some way for obtaming oubts due them. Friday night the Citizens' bank of Jefferson, Texas, made an assignment. The bank closed business Saturday morn ing, not having funds to meet their creditors. Liabilities, $100,000 assets, $125,000. It is believed the depositors and creditors will receive the full amount of deposits and the bank will be able to pay. all its indebtedness. A Raleigh dispatch says: Dr. Henry V. Wilson, director of the United States fish commission, stationed at Woods Hall, Mass., was, on Monday, elected professor of biology in the University of North Carolina. He will be scientific expert to the North Carolina shell fish commission. His election makes ั valuable addition to the faculty of the University of North Carolina. A dispatch of Friday from Sacramento, Gal., says: State Controller Colgan has refused to draw his warrant for the amount due as office rent for California's world's fair commission. He doubts the constitutionality of the legis lative act appropriating $300,000 for the California exhibit at the world's fair, and W ishes to have the question decided by the su premo court before he pays out any money. A run begans ON the People's Horne Savings bank at San Francisco, Monday, and several thousand dollars was paid back to the depositors. The bank commi sioners have begun an investigation of the bank's affairs, According to its report July 6th. the People's bank has a capital stock of 000,000, of which one-third is paid up. There is due depositors, who number about eig ut thousand, the sum of $100,000. The bank officers state that the institution is per-