21073. First National Bank (Comanche, TX)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
3561
Charter Number
3561
Start Date
April 1, 1897
Location
Comanche, Texas (31.897, -98.604)

Metadata

Model
gpt-5-mini
Short Digest
4fccac62

Response Measures

Full suspension

Other: Receiver expected; comptroller notified.

Description

Multiple contemporaneous reports (Apr 1, 1897) state heavy withdrawals after the failure of the Beeman-St. Claire company, causing the First National Bank of Comanche to suspend and close its doors; comptroller notified and a receiver was expected. By June 4, 1897 a local report indicates the bank will be reopened for business in a short time. Cause attributed to the failure of a large local debtor (classified as local_shock).

Events (5)

1. September 17, 1886 Chartered
Source
historical_nic
2. April 1, 1897 Run
Cause
Local Shock
Cause Details
Run triggered by the failure of the Beeman-St. Claire company, a large debtor of the bank, which prompted steady withdrawals.
Measures
Bank posted notice of inability to continue and suspended payments/closed doors; comptroller notified; receiver expected.
Newspaper Excerpt
Owing to the steady witdrawal of funds, the First National Bank of this place closed its doors to-day. The recent failure of the Beeman-St. Claire Company caused the run
Source
newspapers
3. April 1, 1897 Suspension
Cause
Local Shock
Cause Details
Suspension due to continued withdrawals following the failure/assignment of Beeman-St. Claire, known to be largely indebted to the bank.
Newspaper Excerpt
Owing to continued withdrawals of deposits and our inability to get immediate relief, this bank has found it necessary to suspend payment and close its doors until further order from the comptroller of the currency.
Source
newspapers
4. June 4, 1897 Reopening
Newspaper Excerpt
It is said the First National bank will be reopened for business in a short time.
Source
newspapers
5. December 7, 1927 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (11)

Article from The Indianapolis Journal, April 2, 1897

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Article Text

Texas Bank Closed. COMANCHE, Tex., April 1.-Owing to the steady witdrawal of funds, the First National Bank of this place closed its doors to-day. The recent failure of the BeemanSt. Claire Company caused the run, as it was known that this company was largely indebted to the bank. No statement of the liabilities and assets is yet made.


Article from The Houston Daily Post, April 2, 1897

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Perry R. Freeman, who was elected sec. retary of the Texas Interior Cotton Buy. ers' association. has been engaged in the cotton business in this State twenty years, and all of this time he has been communicating with the firm of A. A. Paton & Co., with headquarters at Dallas, Mr. Freeman is a middle aged man and ther oughly conversant with the new duties which he will have to perform. BUSINESS MATTERS. The Comanche National Bank Close Its Doors. Dallas, Texas, April 1.-A telegram to United States District Attorney W. 0. Hamilton from Comanche announcing the failure of the First National bank at that place this morning was received here today. A notice signed by Cashier J. D. Sharrill, stating that the bank was unable to continue longer, was posted on the door early in the day. The suspension was directly due to the failure of the Berman St. Claire company, which occurred at Comanche several weeks ago. Beeman & St. Claire were heavily indebted to the bank, and directly after their assignment a run on the institution that resulted in its closing its doors was commenced. The comptroller of the currency was notified of the failure and a receiver is expected to be appointed in a few days. The bank's liabilities are not known, but it is thought the indebtedness will not exced $100,000. Mr. Hamilton, who is a director in the bank, left at once for Comanche.


Article from Omaha Daily Bee, April 3, 1897

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OSKALOOSA, Ia., April 12.-Isaiah Frankel, banker and merchant, died last night, aged 65. He had large business interests in Des Moines. COMANCHE, Tex., April 2.-The First National bank has closed its doors, owing to heavy withdrawals by depositors. No statement is given out. DES MOINES. April 2.-(Special Telegram.) -W. A. Park, leading lawyer and prominent citizen and politician, died this afternoon of liver trouble. He was one of the leading sound morey democrats of central Iowa.


Article from The Austin Weekly Statesman, April 8, 1897

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COMANCHE BANK CLOSES. Continued Withdrawals Caused the First National to Close. Comanche, Tex., April 1.-(Special.)The following notice was posted on the door of the First National bank of this place about 10 a. m. today: "Comanche, Tex., April 1.-To the Public: Owing to continued withdrawals of deposits and our inability to get immediate relief, this bank has found it necessary to suspend payment and close its doors until further order from the comptroller of the currency." The recent failure of the Beeman-St. Claire company caused the steady withdrawal of funds, which resulted in the doors being closed, it being generally known that this company was largely indebted to the bank. The comptroller of the currency was immediately advised of their action, and it is expected that a receiver will be appointed soon.


Article from The Democratic Advocate, April 10, 1897

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Harry F. Crecellus, jeweler, Pottstown, Pa., has failed. A bill for a receiver has been filed in Chicago, for the Berlin and Montello Granite Company which operates quarries at Montello, Berlin and Waterloo, Wis., and has a capital stock of $250,000. It is alleged the company owes its workmen $20,000. Liabilities are said to exceed $190,000; assets about $150,000. A receiver has been appointed in Boston for the Old Colony Mutual Fire Insurance Company. Receivers were asked for in Baltimore, Md., last week for as many different business houses. Marx & Frenkel, New York clothing manufacturers, have assigned. The Grand Rapids Daily Democrat, the leading Democratic paper of Western Michigan, has been sold to Elliott G. Stevenson, of Detroit. for $12,000 on foreclosure of a mortgage to secure an issue of $25,000 bonds. Owing to the steady withdrawal of funds the First National Bank of Comanche, Texas, has closed its doors. The recent failure of the Beeman- St. Claire Company caused the run, as it was known this company was largely indebted to the bank. The Franconia Iron and Steel Works, at Wareham Narrows, Mass., has discharged a number of workmen and the plant is now being operated under a reduction of 10 per cent. in wages. Five hundred employes of clothing manufacturers in St. Louis have struck for the restoration of a cut in their wages, made last fall. The riveters employed in the ship yard of the Harlan & Hollingsworth Company, Wilmington, Delaware, went out on a strike the 2d inst., because the company refused to pay them. 80 the men say, the regular wages. Several conferences were held between the company and a committee of the boilermakers and shipbuilders' unions, of which the strikers are members, but at noon it was announced that no agreement could be reached, and the caulkers, fitters-up, angle ironsmiths and laborers. employed in repairing the steamer Tallahassee, of the Savannah Line, threw down their tools and left the yard. About 200 men are out of work.


Article from Lyon County Times, April 17, 1897

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Article Text

GOLDBUG GOOD TIMES. How Restored Confidence Works In the Business Community. The First National Bank of Comanche, Tex., has suspended. W. O. Drake, grocer, at Brockton, Mass., has applied for relief in insolvency. Whittingill Bros., dealers in dry goods, at Louisville, Ky., have made an assignment. Martin U. Crosson, agent, grocer, at Waterbury, Conn., has made an assignment. G. Schomberg, jeweler, at Columbus, Ohio, has given a chattel mortgage for $25,000. M. B. Israel, dealer of clothing, at Atlantic, Iowa, has given chattel mortgages for $6,000. Augustus C. Traeger, hotel and restaurant proprietor at New Haven, Conn., has assigned. F. A. Hoyt Company, a corporation, has made an assignment for the benefit of creditors. The Keene (N. H.) Savings Bank, which suspended some time ago, has resumed business. The Allegheny Woolen Company. Limited, has also made an assignment for the benefit of creditors. W. E. Glasscock, dealer in clothing, dry goods, and shoes, at Belt, Mont., has made an assignment. Richard Hoar, mayor of Honghton, Mich., and a leading merchant, has made an assignment.. Butler, Crawford & Co., wholesale dealers in coffees and spices, at Columbus, Ohio, have made an as signment. The Jacob Keffeler Company, dealer in dry goods, etc., at Sturgis, S. Dak., has given a chattel mortgage for $9,800. The Withrow Carpet Company, dealer in carpets and draperies, at Rockford, Ill., has confessed judgment for $3,000. Calkins & White, manufacturers of children's shoes, at Rochester, N. Y., have given a chattel mortgage for $8,000. At a meeting of the directors of the United Press of New York a general assignment for the benefit of creditors was made. ; Albert Kuttelberger, proprietor of the Maryland steam bleach and dye 3 works of Baltimore, Md., has made an assignment. The banking house, whose suspension was announced, is the Wey3 mouth Old Bank, one of the oldert in Dorsetshire. The liabilities amount of $2,500,000.


Article from Kansas Agitator, April 30, 1897

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The First National bank of Comanche, Tex., has suspended. W. O. Drake, grocer, at Brockton, Mass., has applied for relief in insolvency. Whittingill Bros., dealers in dry goods, at Louisville, Ky., have made an assignment. Martin U. Crosson, agent, grocer, at Waterbury, Conn., has made an assignment. G. Schomberg, jeweler at Columbus, O., has given a chattel mortgage for $25,000. M. B. Israel, dealer of clothing at Atlantic, Iowa, has given chattel mortgages for $6,000. Augustus C. Traeger, hotel and restaurant proprietor at New Haven, Ct., has assigned. F. A. Hoyt Company, a corporation, has made an assignment for the benefit of creditors. The Keene (N. H.) savings bank, which suspended some time ago, has resumed business. The Allegheny woolen company, limited, has also made an assignment for the benefit of creditors. W. E. Glasscock, dealer in clothing, dry goods, and shoes, at Belt, Mont., has made an assignment. Richard M. Hoar, mayor of Houghton, Mich., and a leading merchant, made an assignment. Butler, Crawford & Co., wholesale dealer in coffees and spices at Columbus, Ohio, have made an assignment. -The Jacob Keffeler company, dealer in dry goods, etc., at Sturrgis, S. D., has given a chattel mortgage for $9,800. The Withrow carpet company, dealer in carpets and draperies, at Rockford, Ill., has confessed judgment for $3,000. Calkins & White, manufacturers of children's shoes, at Rochester, N. Y., have given a chattel mortgage for $8,000. At a meeting of the directors of the United Press of New York a general assignment for the benefit of creditors was made. Albert Kuttelberger, proprietor of the Maryland steam bleach and dye works, of Baltimore, Md., has made an assignment. The banking house, whose suspension was announced, is the Weymouth Old Bank, one of the oldest in Dorsetshire. The liabilities amount to $2,500,000. Over 1,000 weavers employed in the silk mills, owned by Giveraud Bros., in West Hoboken, Homestead, and Hackensack, went on strike Saturday for higher wages.


Article from Kansas Agitator, April 30, 1897

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Article Text

GOLDBUG GOOD TIMES. The First National bank of Comanche, Tex., has suspended.


Article from The Black Hills Union, May 14, 1897

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GOLDBUG GOOD TIMES, The First National bank of Co. manche, Tex., has suspended. W. O. Drake, grocer, at Brockton, Mass., has applied for relief in insolvency. Whittingill Bros., dealers in dry goods, at Louisville, Ky., have made an assignment. Martin U. Crosson, agent, grocer, at Waterbury, Conn., has made an assignment. G. Schomberg, jeweler at Columbus, O., has given a chattel mortgage for $25,000. M. B. Israel, dealer of clothing at Atlantic, Iowa, has given chattel mortgages for $6,000. Augustus C. Traeger, hotel and restaurant proprietor at New Haven, Ct., has assigned. F. A. Hoyt Company, a corporation, has made an assignment for the benefit of creditors. The Keene (N. H.) savings bank, which suspended some time ago, has resumed business. The Allegheny woolen company, limited, has also made an assignment for the benefit of creditors. W. E. Glasscock, dealer in clothing, dry goods, and shoes, at Belt, Mont., has made an assignment. Richard M. Hoar, mayor of Houghton, Mich., and a leading merchant, has made an assignment. Butler, Crawford & Co., wholesale dealer in coffees and spices at Columbus, Ohio, have made an assignment. The Jacob Keffeler company, dealer in dry goods, etc., at Sturrgis, S. D., has given a chattel mortgage for $9,800. The Withrow carpet company, dealer in carpets and draperies, at Rockford, III., has confessed judgment for $3,000. Calkins & White, manufacturers of children's shoes, at Rochester, N. Y., have given a chattel mortgage for $8,000. At a meeting of the directors of the United Press of New York a general assignment for the benefit of creditors was made. Albert Kuttelberger, proprietor of the Maryland steam bleach and dye works, of Baltimore, Md., has made an assignment. The banking house, whose suspension was announced, is the Weymouth Old Bank, one of the oldest in Dorsetshire. The liabilities amount to $2,500,000. Over 1,000 weavers employed in the silk mills, owned by Giverau& Bros., in West Hoboken, Homestead, and Hackensack, went on strike Saturday for higher wages. A grasshopper can spring more than two hundred times its own length.


Article from The Louisiana Populist, May 28, 1897

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GOLDBUG GOOD TIMES. The First National bank of Comanche, Tex., has suspended. W. 0. Drake, grocer, at Brockton, Mass., has applied for relief in insolvency. Whittingill Bros., dealers in dry goods, at Louisville, Ky., have made an assignment. Martin U. Crosson, agent, grocer, at Waterbury, Conn., has made an assignment. G. Schomberg, jeweler at Columbus, O., has given a chattel mortgage for $25,000. M. B. Israel, dealer of clothing at Atlantic, Iowa, has given chattel mortgages for $6,000. Augustus c. Traeger, hotel and restaurant proprietor at New Haven, Ct., has assigned. F. A. Hoyt Company, a corporation, has made an assignment for the benefit of creditors. The Keene (N. H.) savings bank, which suspended some time ago, has resumed business. The Allegheny woolen company, limited, has also made an assignment for the benefit of creditors. --W. E. Glasscock, dealer in clothing, dry goods, and shoes, at Belt, Mont., has made an assignment. Richard M. Hoar, mayor of Houghton, Mich., and a leading merchant,has made an assignment. Butler, Crawford & Co., wholesale dealer in coffees and spices at Columbus, Ohio, have made an assignment. The Jacob Keffeler company, dealer in dry goods, etc., at Sturrgis, S. D., b has given a chattel mortgage for $9,800. e r The Withrow carpet company, dealer d in carpets and draperies, at Rockford, e III., has confessed judgment for $3,000. I g a Calkins & White, manufacturers of children's shoes, at Rochester, N. Y., r have given a chattel mortgage for $8,if 000. r At a meeting of the directors of the United Press of New York a general assignment for the benefit of creditors was made. i, 0 Albert Kuttelberger, proprietor of the Maryland steam bleach and dye y works, of Baltimore, Md., has made an is assignment. d -e The banking house, whose suspenI; sion was announced, is the Weymouth Old Bank, one of the oldest in DorsetO shire. The liabilities amount to $2, H. 500,000. e y Over 1,000 weavers employed in the st silk mills, owned by Giveraud Bros. in West Hoboken, Homestead, and Hackensack, went on strike Saturday le for higher wages. ot 1A grasshopper can spring more than in two hundred times its own length.


Article from The Houston Daily Post, June 4, 1897

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SHORT TEXAS SPECIALS. MCKINNEY-Rainfall for the month of May was 7.75 inches. FORT WORTH-The scholastic census of Fort Worth for this year is 9097. SAN MARCOS-William Dwyer, a son of the late John Dwyer of Brenham is dead. COMANCHE-It is said the First National bank will be reopened for business in a short time. JEFFERSON-The National bank is paying a dividend of 15 per cent, the third since its failure. DALLAS-All gambling houses have been closed and the city authorities say they will remain so. MONTAGUE-The Montague county summer normal will begin here July 13. T. A. Taggart will be conductor. COMFORT-Sheriff Bodemann of Kendall county has resigned. The commissioners have not yet appointed his successor. LIVINGSTON-J. L. Killen was given three years in the penitentiary for having in his possession implements for counterfeiting. RUSK-Asa Grady, colored, was bound over in $200 on a charge of assault with intent to rape, the alleged victim being a negro woman. FORT WORTH-City Auditor Nunnally has completed his monthly report for the month of May. It shows a balance in all funds of $53,545.86. DEVINE-W. B. Adams & Co. of this place shipped 100 pounds of honey to President McKinley. The shipment was ordered by the butler of the White House. SINTON-John Willacy shipped a carload of watermelons from this point Monday. This is the first car of melons from Texas for the season as far as heard from. SAN ANTONIO-Mr. E. P. Claudon, for years city clerk under the former Callaghan administrations, has been appointed consular agent for the Republic of France. REFUGIO-The city public school closed with an examination and concert by the students, both of which showed that most satisfactory progress has been made by the children. DENTON-Fully 125 binders have been sold in this place in the past few weeks, and it is estimated that half as many more will be sold before the crop is all harvested. From this may be derived some idea as to the yield in this county. FORT WORTH-The revival at the Missouri Avenue Methodist church has been running seven weeks and the end is not in sight. In this time there have been about 100 conversions and reclamations, and with about fifty accessions to this church.