21092. Ninth National Bank (Dallas, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4415
Charter Number
4415
Start Date
June 30, 1891
Location
Dallas, Texas (32.783, -96.807)

Metadata

Model
gpt-5-mini
Short Digest
60d8b3b0

Response Measures

None

Receivership Details

Depositor recovery rate
45.0%
Date receivership started
1891-07-16
Date receivership terminated
1900-08-11
OCC cause of failure
Fraud
Share of assets assessed as good
21.6%
Share of assets assessed as doubtful
40.1%
Share of assets assessed as worthless
38.2%

Description

Bank examiner Spaulding (Spalding variant in OCR) took charge and closed the bank June 30, 1891. Multiple articles state doors will be closed and depositors secured. A receiver (Daniel C. Baxter / later G. B. Morgan referenced) was subsequently appointed and litigation followed, indicating permanent closure rather than a temporary suspension and reopening.

Events (4)

1. September 12, 1890 Chartered
Source
historical_nic
2. June 30, 1891 Suspension
Cause
Government Action
Cause Details
Bank examiner Spaulding took charge and ordered the bank closed; stated causes: stringency in the money market and more loans than the capital would warrant.
Newspaper Excerpt
Bank Examiner Spaulding took charge of the Ninth National Bank to-night and its doors will be closed to-morrow. He makes a statement that every depositor will be secured.
Source
newspapers
3. July 1, 1891 Receivership
Newspaper Excerpt
Daniel C. Baxter, receiver of the Ninth National Bank, of Dallas, Tex., has begun a suit ... (later articles reference receivers G. B. Morgan and legal actions).
Source
newspapers
4. July 16, 1891 Receivership
Source
historical_nic

Newspaper Articles (20)

Article from The Wheeling Daily Intelligencer, July 1, 1891

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Article Text

A Bank's Doors Closed. DALLAS, TEXAS, June 30.-Bank Examiner Spaulding took charge of the Ninth National Bank to-night and its doors will be closed to-morrow. He makes a statement that every depositor will be secured. The causes assigned are: Stringency in the money market and more loans than the capital would warrant.


Article from The Morning Call, July 1, 1891

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Another Bank Closed. DALLAS (Tex.), June 30.-Bank Examiner Spaulding took charge of the Ninth National Bank to-night. and its doors will be closed to-morrow. He makes a statement that every depositor will be secured. The causes assigned are the stringency in the money market and more loans than the capital would warrant.


Article from The Morning News, July 1, 1891

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A Dallas Bank Closed. DALLAS, TEX., June 30.-Bank Examiner Spaulding took charge of the Ninth National Bank to-night, and its doors will be closed to-morrow. He makes a statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant.


Article from The Salt Lake Herald, July 1, 1891

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DALLAS, Tex., June 30.-Bank Examiner Spalding took charge of the Ninth National bank to-night and its doors will be closed to-morrow. He makes the statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans that the capital would warrant.


Article from San Antonio Daily Light, July 2, 1891

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LATE TELEGRAMS BCILED DOWN FROM PRIVATE, SPECIAL AND OTHER SOURCES. Blaine takes long rides and is slowly gaining strength. Lone Star medical association is in session in Victoria. Laredo volunteer fire department goes to pieces. Stockdale has a greatly needed rain and corn is saved. President leaves for Cape May Friday to be gone during July. Bank examiner takes charge of the 9th national bank of Dallas. Office of Ottawa, Canada, Citizen destroyed by fire. Loss $30,000. Late Iquique news says there is heavy fighting by land and sea. Gladstone is better. The Queen sends telegrams ot inquiry. Loan and Trust officers arrested at St. Louis for running lottery. New York exchange is lower; silver higher, $102 1-2. Blaine's name raises the roof in the Iowa state convention. Democratic club conference for Minnesota held at Minneapolis. Excelsior guards pass Texarkana en route to Atlanta encampment. Marquis Imperiali, Fava's underling, is at Bar Harbor. Employes of Cleveland, O., rolling mills strike for eight hours. Smith, book keeper, Sherman, is short $200, and brought back from Texarkana for trial. Matters are in a state of armed nuetrality in the Washington coal camps. Van-Houton, nominated lieutenant governor of Iowa by the republicans, is an alliance man. Iowa republican platform endorses the present tariff and silver laws and the administration. Prizes are offered to Texas school making the greatest contribution to the World's fair subscription. Three mysterious crooks, with oath bound pledges to secrecy in their possession, arrested at Kansas City. Iowa state republicans convene at Cedar Rapids, and have a most harmonious and enthusiastic session, The Allee-Bowen examination continues, and more witnesses for the defense are heard. The Federation of railway employes will not include conductors or telegraphers. Dressed beef rates from Chicago to Boston reduced 1 1-2 cents per hundred. The Southwest Texas melon crop is immense,and heavy shipments are go. ing north. Russia has the worst crop ever reported and great suffering seems inevitable. Henry and George Chapman arrested at Fort Worth for attempted blackmail. The Pope refuses his sanction to the scheme for foreign bishops to the American church. The German flotilla arrives at Amsterdam, and are received with all the honors Holland can bestow. William wantscertain of his movements left to his own arrangement while in London. England is more bothered about William's visit than about any event since Victoria's marriage. Questions of etequitte and preference are seriously troubling the Queen and the Prince fo Wales in view of Emperor William's visit. Mrs. Taber, alleged fortune teller. released on habeas corpus at Marshall, where she had been jailed for having no license. Receiver Campbell testifies in the I. & G. N. case showing improvement of the property and increased receipts under the receivership. The democratic club conference at Minneapolis aims at shelving Kelly and Doran, the present party bosses. lowa republicans nominate Wheeler for governor on the first ballot and endorse the prohibition plank of two years ago. Illinois miners quit work because company requires them to sign a paper which would evade the weekly pay law. Huff, printer, says that Bowen threatened Allee, and was warned by himself against printing his last article. Huff, in the Allee examination, swears to very libellous matter that he induced Bowen to leave out of his last Allee article. Sheriff Dougherty, of Frio county,, swears that he told Bowen there were no signs of theft about the Allee ranch, that he kept strict watch. Jalius Herting, of San Antonio


Article from Rock Island Daily Argus, July 2, 1891

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ABBREVIATED TELEGRAMS. Louis Heimood & Co., an Omaha grocery house, failed Wednesday. Emperor William of Germany arrived at Amsterdam Wednesday and was received with the greatest enchusiasm. I The dead body of Jacob Popp was found near the village of Palatine, Ills.. Tuesday. Popp left home is month ago with 8800 in Lis pocket. dail it is believed he was murdered President Harrison Wednesday issued a prochination granting the privilege of copyright in this country to citizens of Great Britain, France, Belgium, and Switzerland. Victory ran the % mile at Sheepshead bay Wednesday in 1:09 3-5, and Potomac the 1% miles in 2:51. The secretary of war has appointed for examination for appointment as officer in the army, John W. Ewing, civilian, of Evansville, Ind. While a New York physician was engaged in the laudable work of saving* a drowning boy some scoundrel stole his medicine case and silk hat, which he had left on the pier when he sprang into the water. The first passenger train on the new Pike's Peak railroad ascended to the summit Tuesday. The Ninth National bank, of Dallas, Tex., has been closed by the bank examiner, who announces that depositors will be-paid in full. Carrie Wendell, a little girl, fell out of the window of a New York elevated train Tuesday. She fell on the narrow foot board that runs by the side of the rails and miraculously stayed there until picked up anhurt. It seems that the crew of Lieutenant Peary, the aretic voyager, is composed largely of negroes, and news has been recelved that his expedition is likely to fail because the negroes cranot stand the intense cold of those regions. J. M. Hill, the well-known theatrical manager, is reported to be in financial deep water. Samuel J. Smithpan employee of L.D. Robertson &Sons, dealers in hides. etc., died Tuesday of blood poisoning, the re sult of hendling green hides which had been treated with arsenic to protect them from vermin. The poison got into his system through a pimple on this cheek. A law passed by the last Massachusetts legislature permits a citizen to get howling drunk twice a year with no other penalty than the inevitable headache. But if he gets drunk once more in the same year he goes to prison for not less than twelve months, without fail.


Article from Richmond Dispatch, July 2, 1891

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Article Text

A Texas National Baok Closed. DALLAS, Txx., June 30.-Bank-Examiner Spaulding took charge of the Ninth National Bank to-night, and its doors will be closed tomorrow. He makes the statemeat that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant.


Article from Fort Worth Gazette, July 2, 1891

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THE RODGERS TRIAL. The Day at Dallas Consumed, and Five Jurors Secured. RESUME OF THE CHARGES, The Suspension of the Ninth National Bank Not a Surprise-What the Offieers Say-Postoffice Receipts for June. Special to the Gazette. DALLAS, TEX., July 1.-About 10 e'clock on the night of May 20, Lafayette Rodgers, an agent for the sale of the New Home sewing machines in this city, was arrested at his boarding house charged with the fearful crime of criminal assault upon Rhoda May Dexter. a nine-year-old white girl. At the time of the arrest Rodgers was in bed with his wife. He made no resistance, but denied the charge. The story, as told at the time, was to the effect that Rodgers called at the Dexter residence about 5 p. m. on May 20 for the purpose of selling a sewing machine he had at the house. He obtained Mrs. Dexter's permission to take little Rhoda May to a stand near by to get her a milk shake, when Rodgers proposed to the child that he would buy her a pair of shoes if she would go over to Elm street with him to make the purchase. Childlike, she agreed, and they left the milk shake stand for the purpose of obtaining the shoes. On the way they took a short cut through a lumber yard, and when they had reached a retired place in the yard the child says Rogers pulled her between some piles of lumber and made the terrible assault, threatening to kill her and her mother if she ever told of the deed. After this he took the child with him to a shoestore and


Article from The Hot Springs Star, July 3, 1891

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A Bank Fails. DALLAS, Tex., July 1.-Bank Examiner Spalding took charge of the Ninth National bank and its doors were closed. He makes a statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant.


Article from The True Northerner, July 8, 1891

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Article Text

Failure of a Texas Bank. Bank Examiner Spaulding took charge of the Dallas, Tex., Ninth National Bank, and its doors will be closed. He makes a statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant.


Article from Brenham Weekly Banner, July 9, 1891

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STATE NEWS. -Leonard is to have a mattress factory. -Brownwood has organized a fire company. -Crops are excellent in Armstrong county. -Vernon has sold forty-three threshers this season. -San Angelo Summer Normal opens next Monday. -Camp Stanley is the name selected for the Austin camp. -The peach crop of Wilbarger county is fine this year. -The new corn crop of Rio Grande City is selling at 25 cents a peck. -Timely rains are reported from nearly every section of Texas during the past week. -The Santa Fe depot at Belton has been levied on to satisfy an execution for $34. -Geo. Pollard, of Ft. Worth, ended his life Monday night by shooting himself. -A block of business houses, including the Trawick hotel were burned at Dublin recently. -Geo. Pollard was disappointed in love at Fort Worth and shot himself through the heart. -The new cotton seed oil mill at Halletsville will be completed in time to work up this year's crop of seed. -The thief who has been robbing the Ft. Worth fuel company for months has recently been captured. -Electric lights, water works and an ice plant are to be put in at Quannah. The capitalists are of Fort Worth. -The railway commisssion will begin the classification and subdivision of freights and property at Austin on the 13th inst. -J. W. Turner, of Dallas, and Thos. Shields, of Ft. Worth, are matched to wrestle at Dallas on the 25th for $850. -The contract has been let for building a new Methodist church at Robert Lee, Cook county. It will be a neat frame structure. -The jury in the Bob Holmes murder case convicted him of murder in the second degree, at McKinney, and give him eighteen years in the penitentiary. -The Sunset oil company of Brownwood, is negotiating for maf chinery for another well and will soon be ready to begin boring in another place for oil. -Valentine Gisse who left San Antonio a few days ago for Nueces Conyon, with his seven year-old son has been found dead with the wagon turned over on them. -The doors of the Ninth National bank at Dallas were closed Thursday. It is undergoing an investigation. The prevailings tringency of the money market is assigned as the cause. -The eighteenth anniversary cel0 ebration at Temple Monday was attended by 13,000 people. In the race participated in by Taylor, Belton and Temple firemen, Temple won the $150 prize. -On the 21st., Lucy King, a deaf and dumb woman was run over by a car of the West End Electric Railway company, dragged 60 feet and ground up. She alleges careless ness of the motor man and sues for $10,000. -J. F. McKinnon, of Waco, has entered suit against M. T. Nix, of Alvarado, for obtaining goods under false pretenses, having traded the gentleman a drug store for land in Haskell county, to which he finds the title is not good. -The survivors of Parsons Texas Brigade association held their reW union at Temple, July 1. Captain pe W. G. Veal, of Ft. Worth, was elecse ted commander for the ensuing year; Governor Pendleton, first vice commander; M. B. Highsmith, second; James Coney, third; A. Dickman, secretary; W.H. Getzendown, treasurer. The re-union was cordial indeed, and was intensified by the presentation of a banner to the


Article from Brenham Weekly Banner, July 9, 1891

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-The doors of the Ninth National bank at Dallas were closed Thursday. It is undergoing an investigation. The prevailings tringency of the money market is assigned as the cause. -The eighteenth anniversary celebration at Temple Monday was attended by 13,000 people. In the race participated in by Taylor, Belton and Temple firemen, Temple won the $150 prize.


Article from The Telegraph-Courier, July 9, 1891

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Failure of a Texas Bank. Bank Examiner Spaulding took charge of the Dallas, Tex.. Ninth National Bank, and its doors will be closed. He makes a statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant.


Article from New-York Tribune, December 31, 1892

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DPIUM Morphine Habit Cured in " to 20 days. No pay till cured. DPIUM Dr. J. Stephens, Lebanon. O. DPIUM in a suit brought by Peter N. Ramsey, arising out of difficulties connected with the Minerva Pub ishing Company. Judge Ingraham yesterday appointed the New-York Security and Trust Company as committee of the person and estate of Jose Menendez, the wealthy Pearl-st. merchant, who was recently adjudged to be a lunatle. Judge Bischoff, of the Court of Common (Pleas, yesterday granted a mandamus directing Register Frank Fitzgerald to cancel a mortgage for $7,500 on the property, No. 57 West Twenty-fourth-st. The mortgage was given by Philip G. Hubert and his wife, to Henry M. Cornell and other trustees under the will of John B. Cornell, and has been paid. A motion was made before Judge Lawrence yesterday to confirm the report of the Commissioners of Award and Assessment on the widening of One-hundred-and-tenth-st., between Seventh-ave. and Riverside Drive, The report was opposed by one property owner only. Daniel C. Baxter, receiver of the Ninth National Bank, of Dallas, Tex., has begun a suit in the United States Circuit Court against the National Park Bank of this city for $274,107.60. Just before the Dallas bank failed, in July, 1891, it sent notes, etc., to the amount sued for, to the bank here, according to the complaint. The receiver declares that the money should have been distributed among all the creditors pro rata.


Article from New-York Tribune, June 24, 1893

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It belonged to his wife. He will be examined again on June 30 by A. H. Hummel. THE NATIONAL PARK BANK S COMPROMISE. Judge Lacombe, in the United States Circuit Court, and the Controller of the Currency have assented to the compremise of the sult of Daniel C. Baxter, receiver of the Ninth National Bank, of Dallas, Tex., against the National Park Bank. of this city. Shortly before the Dallas bank suspended it sent assets of the face value of $274,107 60 to the New-York Ir.: stitution to secure an indebtedness of $132,520 67. The receiver alleged that this action was illegal. The National Park Bank, by the compromise, is to retain $30,634.45 obtained by it for some of the nates and securities, to receive $1,250 disbursed for expenses. etc., and to return to the receiver the rest of the assets, most of which are of little or no value.


Article from Fort Worth Gazette, July 5, 1893

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DALLAS. BANKER WOODS HAS NOT YET MADE BOND. Judge McCormick's Daughter to Be Married---Personal Mention--- Miller Finally Decides to Eat. Dallas, July 4.-Thomas J. Woods, Jr., made application for a writ of habeas corpus today, and his case wHI be disposed of tomorrow. When Woods was a high roller, and drove the fastest team of high steppers in Dallas, he had friends galore, They drank his wines, smoked his cigars and fattened upon his bounty. Now that he is in need of friends, they do not go near him. Woods keenly realizes his position, and. it is said. expressed himself in strong terms of the faithlessness of those upon whom he relied for aid. He says he surreudered all his property, even his jewelry. to the receivers of the Ninth National bank and cannot possibly give a bond of $60,000.


Article from The Waco Evening News, January 9, 1894

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Suit by a Bank Receiver. DALLAS, Jan. 9.-Suit was brought here in the United States court by G. B. Morgan, receiver of the Ninth National bank of Dallas, against James Kincannon of Mississippi, formerly bank examiner, on two promissory notes, one for $25,000 and the other for $1490.20, the former dated Jan. 3, 1891, and the latter June 3, 1891.


Article from Pine Bluff Daily Graphic, January 10, 1894

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Suit by a Bank Receiver. DALLAS, Jan. 10.-Suit was brought here in the United States court by G. B. Morgan, receiver of the Ninth National bank of Dallas, against James Kincannon of Mississippi, formerly bank examiner, on two promissory notes, one for $25,000 and the other for $1490.20, the former dated Jan. 3, 1891, and the latter June 3, 1891.


Article from Fort Worth Gazette, January 14, 1894

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TEXAS BANKS. Special Dispatch. Washington, Jan. 13.-George D. Morcan. receiver of the Ninth national bank at Dallas and the First national bank of Rockwall, was here today in consultation with Comptroller Eckles over the complicated condition of the affairs of the two banks. It is no secret that Morwan also has communications to make to the department of justice, which are intended to more materially settle affairs, Chandler and Williams. officers of the Rockwall bank. who were here to see the comprroller last week., have returned home.


Article from Fort Worth Gazette, February 15, 1894

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WOOD'S TRIAL Special Dispateli. Dallas, Tex., Feb. 14.-The trial of Tom J. Wood, Jr., charged with embezzling $204,000 from the Ninth National bank, is progressing slowly in the Federal court. The indictments were consolidated, but there are 100 separate and distinet specifications in the consolidated indictments and Wood is charged with violating nearly every one of the national banking laws. Hou. Henry Furman of Fort Worth, Col. R. B. Leay, W. T. Henry and several other attorneys are defending the accused. It is the prevailing opinion that the exbanker will be convicted on many counts of the indictments RR Receiver Boxter's evidence was very damaging today.