Article Text
A Texas Bank Suspends. WAXAHACHIE, Aug. 11.-The Waxahachie National # Bank has suspended. Assets, $206,000; liabilities, $86,000. Money stringency was the cause.
18519. Waxahachie National Bank (Waxahachie, TX)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- national
- Bank ID
- 4379
- Charter Number
- 4379
- Start Date
- August 11, 1893
- Location
- Waxahachie, Texas (32.387, -96.848)
Metadata
- Model
- gpt-5-mini
- Short Digest
657fea7cce9c5861
Response Measures
None
Description
Multiple contemporaneous newspapers report the Waxahachie National Bank suspended payment Aug. 11, 1893 due to a money stringency and was permitted to resume business Aug. 19, 1893. OCR variants in articles show spellings like Waxahatchie and Waxahachle; corrected to Waxahachie. No run on the bank is mentioned.
Events (4)
1.
July 26, 1890
Chartered
- Source
- historical_nic
2.
August 11, 1893
Suspension
- Cause
- Macro News
- Cause Details
- Suspension attributed to general money stringency (systemic liquidity shortage).
- Newspaper Excerpt
- The Waxahachie National Bank has suspended. Assets, $206,000; liabilities, $86,000. Money stringency was the cause.
- Source
- newspapers
3.
August 19, 1893
Reopening
- Newspaper Excerpt
- The Waxahachie National Bank of Waxahachie, Tex., which suspended payment on Aug. 11, was today permitted to resume business.
- Source
- newspapers
4.
March 7, 1927
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (19)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
Bad for Waxahaehie. WAXAHACHIE. Tex., Aug.11.-The Waxahaehie National bank has suspended; assets $206,000, liabilities $86,000. Money stringency was the cause.
Click image to open full size in new tab
Article Text
ANOTHER BANK SUSPENSION. Waxahachie, Tex., Aug. 11.-The Waxahachie National Bank has suspended. The assets are $206,000; the Iiabilities, $86,000.
Click image to open full size in new tab
Article Text
spreading Russian towns in which it has appeared. Laredo has a case of attempted incest on the part of a Mexican widower. The Khedive wants to fire his cabinet because of its English proclivities. Gresham, Carlisle and Bissell have left Washington for a three days outing. New Orleans cotton exchange will make its settlement with certified checks. Rio Grande City is assured that the postmaster there will be at once removed. The average reserve "held in the National banks of Texas is over thirty per cent. World's fair lady managers tender a reception to the officers of the Spanish caravels. The Long Island railway failed to pay off yesterday as usual, due to lack of currency. Bloody battle booked over the removal of the county records from St. George to Parsons. Five caess of genuine Asiatic cholera are now being treated at New York quarantine. Denver bank outlook improves and six of the suspended institutions will soon resume. St. Louis and Southwestern shops at Pine Bluff, Ark., shut down; 300 men out of employment. Congress will celebrate the 100th anniveesary of the corner stone of the Washingten capitol. Yellow fever and two deaths aboard the bark Gelora, arrived at Fort Morgan quarantine. D. England kills his tenant, McKinney, near Luling, for removing his crop contrary to orders. No new cases of yellow fever at Pensacola. It is considered sporadic and will be investigated. Italy maintains a sanitary corps on all trains running from Naples to Rome, ts keep out cholera. Boll worms have appeared in cotton around Camden, Ark., but are doing no serious damage. Bland announces that no political party in America shall survive that demonetizes silver. Grover says that his health will not stand the strain of August at Washington, as he needs rest. Hindoo and Mohommedans at Bombay have a religions riot in the streets; military called in. Waxahatchie National bank suspends, and grocer Peters fails with $17,000 secured liabilities. Forest fires are doing great damage to timber and farm property in the vicinity of Spencer, Wis. Lawyer Short and capitalist Stearns fight in Bourke's court, Dallas, and are fined $100 each. The strike is still on in the Tennessee coal regions and the feeling against the soldiers is very strong. The Rock Island road, in order to cut down expenses, contemplates reduction on all salaries of 10 per cent. Report of the examiner of the Texas National of this city had not reached Washington last night. Eight of the heaviest Hartford manufacturers will pay all accounts through clearing house checks. The body of the missing San Angelo sheep man, Pride, has been found. He was murdered and robbed. London Times remarks that all parties in this country agree in maintaining the parity of silver and gold. Five separate cyclones swept the country near Larned. Several farm houses were demolished, but no lives lost. John B. Wright, manager of Ford's theatre when Lincoln was assassinated there, is dead in the 78th year of his age. The sheriff has charge of the Equitable Manufacturing and
Click image to open full size in new tab
Article Text
Telegraphic Tersities. Ten new cases of cholera and ten deaths were reported in Naples, Italy, yesterday. Several cases of cholera and one death from the disease were reported at Rome, Italy, yesterday. The failure of Washington Barrows was announced at the New York Consolidated Exchange yesterday. It was a small one. The barrack bridge at Clemson College. S. C., gave way with fifty students on It yesterday, and several of the boys were hurt, though none fatally. Comptroller Eckels was informed yesterday of the suspension of the Waxahatchie National Bank of Waxahatchie, Tex. Capital stock, $100,000. A severe earthquake occurred along the Italian Adriatic coast yesterday, and it is believed that there has been & large loss of life in consequence. Thomas D. Messler, third vice-president. Pennsylvania Company (which company manages the Pennsylvania railroad lines west of Pittsburg), died yesterday at Cresson Springs. It is officially announced that a majority of the stockholders of the Richmond and West Point Terminal Company have paid the balance of the first instalment of the assessment of $1.62 per share. Sixty-three thousand ounces of silver were offered for sale to the Federal TreAsury Department yesterday at prices ranging from $.755 to 8.760. All offers were declined at the prices asked, and 8.751 an ounce was tendered. Health-Officer Jenkins's bulletin last night reported that there are now ten cholera patients in Swinbourne Hospital, New York arbor, and that five of them are convalescing. In three of the cases the diagnosis of cholera has been donfirmed. A special from Lake City, Fla., says that a party of ,cfayette county citizens that passed through there Thursday morning for Hillman's convict camp for the purpose of lynching another negro engaged in the recent Branford crime, secured the negro without any trouble, and riddled him with bullets, then burning his body. The counties of Clarke, Choctaw, Wilcox, and Marengo, Ala., are stirred to the bighest pitch at the murderous doings of the natorious Meachamites. and between 400 and 500 heavilyarmed men are in Meacham Beat, the Meachamite rendezvous, for the avowed purpose of wiping out every member of the gang and avenging the numerous wrongs done the good people of the counties named. Three members of the gang have already been killed and the rest are located in swamps, and the posse propose to bag them all by to-hight.
Click image to open full size in new tab
Article Text
DALLAS, Aug. 12.-The Waxahachie National bank suspended.
Click image to open full size in new tab
Article Text
TELEGRAPHIC BREVITIES. 0. Harcher has been appointed postmaster at Carbon, Wy., vice Evans, re* moved. The steamship Normania, from Liverpool, which arrived at New York yesterday, brought £906,967 gold. The business portion of Milford Center, 0., burned yesterday morning, and four dwellings. Total loss, $75,000. Henry Hall was hanged at Pikeville, Ky., yesterday for fratricide. On the scaffold Hall asked pardon for his crime. The Waxahachie, Texas, National bank has suspended, assets $206,000, liabilities $86,000. The money stringency was the the cause. A posse of United States marshals last night had a fight with robbers at Lehigh, I. T., in which two robbers, one named W. T. Pearce, were killed and two others wounded. Senator Vest has written a personal letter to a gentleman in New York saying that the majority against the unconditional repeal of the Sherman law will. be at least eight. E. J. Fuller, a member of one of the leading families of Fayetteville, N. C., shot and killed B. C. Porter a clothing merchant this afternoon. Fuller claims that he shot in self-defense.
Click image to open full size in new tab
Article Text
FREE silver men hanged President Cleveland in effigy at Ogden, Col. HENRY BROWN (colored), who was changed for the murder of a peddler in East St. Louis, Ill., in December, 1SS0, while an accessory has been discovered not to have been the principal, the murderer being J. C. Jackson, an.other negro, who was acquitted of the charge. IN a battle with citizens of Clark county, Ala., thirteen of the Meachim gang were killed. The affair is the outgrowth of a feud of some years standing. BEATTY'S bank at Mansfield, Ill. and the National bank at Waxahachie, Tex.. closed their doors. THE tobacco crop in five counties in Kentucky was ruined by hail. HERNSHEIM'S cigar factory, Maginnis cotton mills and Fisher's sawmills in New Orleans, employing in the aggregate over 2.000 hands. were closed. HENRY HALL was hanged at Pikeville, Ky, for the murder of his brother. AN explosion at the Girard furnace in Youngtown, O., injured six employes. five fatally. FLAMES wiped out the business portion of Milford Center. O. AT Pensacola, Fla., A. W. Dunham killed his wife because she refused to live with him and then took his own life. AT the bieyele tournament in Chicago L. S. Meintjes, of South Africa, won the 62-mile international championship, the time being 2 hours and 46 minutes. THE republican state committee of Virginia decided not to nominate a state ticket this year. INCENDIARY fires in Minneapolis destroyed three planing mills, a sash and door storehouse, bottling and malt house, boiler works, box and ladder factory icehouse, carriage factory, 112 dwellings and in addition about 40.000,000 feet of cut lumber, the total loss being $1,500,000. FIRE destroyed the fertilizing works of Nelson Morris & Co. at the stock yards in Chicago. causing a loss of $271,000. THE doors of the Prairie City bank at Terre Haute, Ind., were clossd and Josiah Morris & Co., the leading private banking house in Alabama, made an assignment in Montgomery with liabilities of $1,1000,000 and assets of $2.000,000. Other bank suspensions were: The People's at Lewisburg, Tenn., the Bank of Plaquemine, La., and the First national at Gadsden, Ala. FRED ROOME and brother. and Grace McDonald, of Chicago, and Carrie Hammond. of Wauconda, were drowned by the capsizing of a yacht on Bang's lake at McHenry, Ill. IT was said that Barrett Scott. treasurer of Holt county, Neb., was $60,000 short in his accounts. He bad disappeared. MRS. GEORGE RIEF. Mrs. Charles Rief. Miss Wagner and a child named Weber were drowned by the capsizing of a boat at Chattanooga, Tenn. THE expenditures at the world's fair thus far have been $23,101,821 and the receipts $23,680,417.
Click image to open full size in new tab
Article Text
DOMESTIC. THE business portion of South Wayne, Wis., was destroyed by fire. THE sealing schooner Helen Blum, of San Francisco, was reported lost with her crew of twenty-five men. THE August report of the statistician of the department of agriculture at Washington shows that crops throughout the country have suffered severely from the drought. LEE BUTLER, cashier of C. M. Wright & Co.'s bank vat Altamont, Ill., absconded with $41,000, the entire assets of the bank. DAN LEWIS, Jim Taylor and Jack Chambers, all colored, charged with an assault on Mrs. George Warren at Hoboken, Ga., last spring, were caught and lynched within 3 miles of Way Cross. Ga. TROUBLE at Coal Creek, Tenn., has broken out afresh. A soldier named William Laugherty was murdered by miners and his death was avenged by lynching Dick Drummond. AT Chester, Pa., the largest steamboat in the world was launched. She will ply in the Fall River line. FIRE among warehouses and factories in Milwaukee caused a loss of $150,000. THE Broadmoore Land & Investment company of Colorado Springs, Col., went into the hands of a receiver with liabilities of $260,000. PRESIDENT CLEVELAND was hanged in effigy at Golden, Col., by free silver enthusiasts. CHARLES J. EDDY, aged 53, one of the oldest railroad men in the west and until six months ago second vice president of the Reading system, committed suicide in Washington park, Chicago, by shooting himself. No cause was known. DURING the first seven months of the present fiscal year the losses by fire in the United States reached $98,101,300, against $76,967,250 in 1892 and $79,247,370 in 1891. VINCENZO CAGLIOSTRO. aged 23 years, died at Swinburne Island hospital in New York of Asiatic cholera. THE fo llowing bank failures were re ported: The American national at Nashville, Tenn., the Hamilton county state bank at Webster City, Ia., the Caldwell county exchange bank at Kingston, Mo., the Exchange bank at Polo, Mo., and Johnston, Buck & Co. of Ebensburg, Pa., conducting banks at Ebensburg, Carrolltown and Hastings. THE New York. Lake Erie & Western Railroad company suspended its unmarried employes on the Honeydale (Pa.) division. ToM RICKETTS and Robert Miller, residents of Parnell, Mo., were run over and killed by a Chicago & Great Western train. ARRIVING from England in search of her husband, Mrs. Edward Douglass found him a convict at the Joliet (111.) prison. WONG DEP KEN is the first Chinaman to be deported under the Geary law. He was shipped from San Francisco. AT the leading clearing houses in the United States the exchanges during the week ended on the 11th aggregated $799,905,224. against $978,880,758 the previous week. The decrease as compared with the corresponding week of 1892 was 20.2. HAIL ruined the tobacco crop in five counties in Kentucky. THERE were 394 business failures re. ported in the United States during the seven days ended on the 11th. In the week preceding there were 436, and during the corresponding time in 1892 the number was 160. THE National bank at Waxahachie, Tex., and Beatty's bank at Mansfield, Ill., closed their doors. FOREWARNED of a visit marshals laid in wait at Lehigh, I. T., for Jim Percy and Clem Jones, bandits, and killed them. IT was discovered that Henry Brown (colored), who was hanged for the mur der of a peddler in East St. Louis, Ill. in December, 1880, while an accessory was not the principal, the murderer being J. C. Jackson, another negro, who was acquitted of the charge. THIRTEEN of the Meachim gang were killed in a battle with citizens of Clark county, Ala. The affair is the outgrowth of a feud of some years' standing. BOSTON assessors estimate the population of the "Hub" at 580,000. The last census shows a population of 446,570. UNITED STATES MARSHAL WHITEMASTER was murdered in the Cherokee strip by Laura Maundas, a female horse thief. WILL MCCARTY dead and Bob Sparks and John Ritter mortally wounded is the result of a drunken row at Shelbyville, Ky. SEVEN cases of cholera have developed among the passengers on the Karamemania, recently arrived at New York
Click image to open full size in new tab
Article Text
WILL RESUME. PUEBLO, Col., Aug. 19.-The Central National bank, which suspended on July 15, will resume business on Monday morning. The American and the Western National banks will probably resume at an early date. WASHINGTON, Aug. 19-The Waxahachie National bank of Waxahachie, Tex., which suspended payment on Aug. 11, was today permitted to resume business.
Click image to open full size in new tab
Article Text
Banks Resuming Business. WASHINGTON, Aug. 19.-The Waxahachie National Bank of Waxahachie, Tex., which suspended payment on Aug. 11, having complied with all the conditions imposed by the Comptroller of the Currency. and its capital stock being unimpaired. was to-day permitted to resume business. SPRINGFIELD. Mo., Aug. 19.-The Bank of Marionville, which is connected with the Bank of Springfield. both of which failed during the last two weeks. resumed business yesterday. and it is believed the Bank of Springfield will resume soon.
Click image to open full size in new tab
Article Text
WASHINGTON. Aug. 19.-The government receipts for the month to date were $175,640,000. Receipts for fiscal year to date, $46,545,776. Expenditures for month to date, $22,207,000. Expenditures for fiscal year to date. $61,882,888. Nine clerks in the general land office have been detailed to survey and plat town sites in the Cherokee outlet and will leave Washington within the next day or two for that purpose. The Waxahátchie National bank of Waxahatchie, Tex., which suspended payment August 11, was today permitted to resume business.
Click image to open full size in new tab
Article Text
Notes From the Capitol, Secretary Gresham has instructed United States consular officers that certificates of depreciation of currency will be required in all cases of importation from countries where the currency is depreciated and the consular fee of $5 heretofore imposed for such certificates is abolished. Surgeon-General Wyman of the Marine hospital service has received a cablegram from Consul-General Edwards at Berlin, stating that there are no further cases of cholera there. Secretary Carlisle has accepted the resignation of Robert H. Wynne. Mr. Wynne was formerly private secretary to Secretary Carlisle as a special employe. The Waxahachie National Bank of Waxahachie, Texas, which suspended payment August 11, has been permitted to resume business. Nine clerks in the general land office have been detailed to survey and plat town sites in the Cherokee outlet. Owners of silver refused to sell bullion to the government Saturday at $0.7325 per ounce.
Click image to open full size in new tab
Article Text
MORE SOLID THAN EVER. I WANAHACHIE. Tex., Aug. 21.(Special).-The Waxahachle National bank, lately suspended, has resumed payment. One of the directors stated to your reporter that it is on a more solid basis than ever.
Click image to open full size in new tab
Article Text
LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL The Teople's National Bank, of Winston, N. C., capital $100,000, has suspended. Lerzars, La., was surprised by the suspension of all the banks in the city. They were the First National and Lemars National, with a capital of $100,000 each, and and the Lemars State and German Savings Banks. Notices were posted on the doors that the suspensions are due to inability to realize on assets, but that all depositors will be paid. The First National Bank of Anthony, Kan., which suspended payment in July was permitted to reopen its doors to business. The Waxahachie National bank of Waxahachie, Tex., which suspended payment August 11, was permitted to resume business. PUEBLO, Con-Bank Examiner J. Sam Bro wn has given permission to the Central National Bank, which suspended July 15. to resume business. The American and Western national banks, which suspended the same day, have received permission from Comptroller Eckels to resume and are rapidly complying with the conditions required.
Click image to open full size in new tab
Article Text
LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL. The People's National Bank, of Winston, N. C., capital $100,000, has suspended. Lerears, La, was surprised by the suspension of all the banks in the city. They were the First National and Lemars National, with a capital of $100,000 each, and and the Lemars State and German Savings Banks. Notices were posted on the doors that the suspensions are due to inability to realize OR assets, but that all depositors will be paid. The First National Bank of Anthony, Kan., which suspended payment in July was permitted to reopen its doors to business. The Waxahachie National bank of Waxahachie, Tex., which suspended payment August 11, was permitted to resume business. PUEBLO, CoL-Bank Examiner J. Sam Bro wn has given permission to the Central National Bank, which suspended July 15. to resume business. The American and Western national banks, which suspended the same day, have received permission from Comptroller Eckels to resume and are rapidly complying with the conditions required.
Click image to open full size in new tab
Article Text
SILVER PURCHASES. The treasury department purchased only 40,000 ounces of silver, though 147,000 ounces were offered. The price paid for the silver was $0.7325 per ounce and that figure was offered for the remaining 107,000 ounces. The treasuly today announced that the owners declined to sell at that figure. ROYAL VISITORS. Among the visitors of the house of representatives today were a party accompanying his highness, the rajah of Kaputhala, India. They were in charge of Colonel Massey of the English army. BANK CIRCULATION. National bank circulation outstanding today is $191,996,368, an increase during the week of $3,350,000. INDIGNANT PENS!ONERS. Col. Charles L. Lincoln, late deputy commissioner of pensions, is authority for the statement that an effort will soon be made to prove through the courts that suspensions of pensions granted under the act of June 27, 1890, were illegal. NO CHOLERA AT BERLIN. Surgeon General Wyman of the Marine hospital service has received a cablegram from Consul General Edwards at Berlin stating that there are no further cases of cholera there. The disease, the dispatch says, was introduced through cucumbers procured from infected districts in Russian Poland. TEXAS BANK RESUMES. Waxahachie National bank, Waxa. hachie, Tex., which suspended payment August 11 was today permitted to resume business.
Click image to open full size in new tab
Article Text
BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000: First National Bank, Palouse city, Wash., $75,000; Southern California National Bank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal. $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo. Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, $500.000: Hutchinson National Bank, Hutchinson, Kan.. $100,000; People's National Bank, Denver, Col., $600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank. Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky. $300.000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachee National Bank, Waxahachee. Tex., $100,000; CitIzens' National Bank, Attica, Ind., $50,000; First National Bank. San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.
Click image to open full size in new tab
Article Text
BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. WASHINGTON, D. C. Sept. 1.Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000; First National Bank, Palouse city, Wash., $75,000: Southern California National Bank, Los Angeles, Cal: $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal., $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Den ver $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, Col.,$600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmer's National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $200,000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000: Waxabachee National Bank, Waxabachee, Tex., $100,000; Citizen's National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.