21109. First National Bank (Dublin, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4062
Charter Number
4062
Start Date
April 4, 1895
Location
Dublin, Texas (32.085, -98.342)

Metadata

Model
gpt-5-mini
Short Digest
cc8f375f

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1895-04-22
Date receivership terminated
1898-08-15
OCC cause of failure
Losses
Share of assets assessed as good
15.0%
Share of assets assessed as doubtful
44.4%
Share of assets assessed as worthless
40.5%

Description

Contemporary reports (Apr 4, 1895) state the Comptroller ordered an examiner to take charge and that the First National Bank of Dublin, Texas, had been 'in process of liquidation' with unsatisfactory progress; the bank was closed by the bank examiner and did not resume normal operations. A subsequent 1896 note about a dividend for depositors is consistent with liquidation proceedings, not a reopening. No run is described in the articles.

Events (4)

1. July 1, 1889 Chartered
Source
historical_nic
2. April 4, 1895 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank had been in process of liquidation since 1894; liquidation progress unsatisfactory, prompting the Comptroller to order an examiner to take charge (closure by examiner).
Newspaper Excerpt
The comptroller ordered Examiner Ganner to take charge of the First National Bank of Dublin, Tex. This bank has for some time been in process of liquidation, but the progress made was entirely unsatisfactory, and as a sequence action was taken to-day.
Source
newspapers
3. April 22, 1895 Receivership
Source
historical_nic
4. February 18, 1896 Other
Newspaper Excerpt
The comptroller of the currency has declared a dividend in favor of the depositors of the first National bank of Dublin, Tex.
Source
newspapers

Newspaper Articles (9)

Article from Alexandria Gazette, April 4, 1895

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FROM WASHINGTON. [Correspondence of the Alexandris Gazett WASHINGTON, April 4. Postinaster General Wilson assume administration of affairs of the Pos office Department to day and durit the morning hours his time was take up in receiving congratulations fro friends who called. His office was bower of beauty, adorned with flowe presented by admiring friends. Mi Isador Straus, wife of ex-Represent tive Isador Straus, of New York oit sent a large floral horse shoe of re pink and white roses. Another offe ing was a massive basket of roses abo three feet high, and about the roo were numerous smaller remembrance Bishop Hurst, chancellor of the N tional Methodist University, has lear ed that Rev. William Birch, lately minister in Kokomo, Indiana, left $2 000 to the University. The money to go to theinstitution at the death Mrs. Birch. Comptroller Eckels to-day closed 1 two banks-the First National Bank Revena, Nebraska, and the First N tional Bank of Dublin, Texas, t former because of its bad conditio and the latter bank because it has be endeavoring to liquidate its indebte ness since 1894 without success. A conscience contribution of $3 from Bath, Maine, has been received the Treasury Department and plac to the credit of the conscience fund. W. M. Jordan of Haymarket, Prin William county, Virginia, having pa ed the requisite examination, has ceived an appointment as a cadet the West Point Military Academy. In the Court of Claims a suit h been filed by P. H. McLaughlin & C who claim that the government ow them $195,000 on account of their wo in building the new naval observator a year or SO ago. One of the parties Mr. A. Davis, jr., of Falls Church, \ The attorneys for the plaintiffs 8 Messrs. John C. Chaney and R. Hunter of this city and Mr. R. Walt Moore of Fairfax Court House. Six of the Presidential postoffices Virginia, though more than two ye of President Cleveland's term have e pired, are still held by republica They are those at Bedford, Berkle Chatham, Farmville, Franklin a Lynchburg. Among the strangers now here Major R. W. Burke, of Staunton, V ginia. He says the democrats in county will make no regular nomina tions for the May election, but let every aspirant for office run on his own ho and that therefore the ticket to be V ed at that election will probably be y ard long. Maryland democrats, prominent the politics of their State, now he say State Treasurer Spencer Jones via probably be their next democratic can date for Governor. Mr. Jones lives Rockville and is a great friend of S ator Gorman. He is an ex-Confeder and has many friends in Virginia. Mr. R. W. Moore, of Fairfax C. H. here to-day. He says the primary \ be held in his county on the 11th in but that the only contest will be for nomination for commissioner of revenue for the southern district which Capt, Ballard, the incumbe and Messrs. Frank Worster and Art Cross are candidates. Loudoun county democrats, here day, say the withdrawal of Mr. Gai from the contest for the democra nomination for treasurer for that CO ty will help Mr. Vandevanter, who opposing the incumbent, Mr. Caruth The office is worth about $3,000, a the required bond is $180,000. ] primary will be held on Saturday. The Washington police have b unable to obtain any information as S the career in this city of Mary Mar the negro woman who was murde 8 in New York. If she has any relati If here, as reported, they cannot be cated, although a detective has m: careful inquiries in the localities wh she is supposed to have lived. Deputy Comptroller Mansur of Treasury department is dangerously of a complication of diseases, at the ] tional Hotel. of The President dislikes to be "pest ed" by democratic congressmen much now as ever, and, to avoid th TITL


Article from The San Francisco Call, April 5, 1895

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Two Banks in Trouble. WASHINGTON, D. C., April 4.-The Comptroller of the Currency to-day received notice that the First National Bank of Ravenna, Nebr., had suspended, and immediately ordered Examiner Howey to take charge. The bank had a capital of $5000. The Comptroller ordered Examiner Ganner to take charge of the First National Bank of Dublin, Tex. This bank has for some time been in process of liquidation, but the progress made was entirely unsatisfactory, and as a sequence action was taken to-day.


Article from Omaha Daily Bee, April 5, 1895

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RAVENNA BANK CLOSES ITS DOORS. Directors Conclude They Are Not Warranted In Doing Business Longer. RAVENNA, Neb., April 4.-(Special Telegram.)-The First National bank, Ravenna's heaviest banking institution and always considered one of the soundest institutions in the county, closed its doors by order of its board of directors this morning. The bank's insolvency is the natural result of the times. Business depression in all lines, due to the drouth of last year and inability to realize upon assets that under normal conditions would be considered gilt-edged, has made it necessary for the bank to suspend business, not being able to maintain the reserve required by the national banking laws. The assets of the bank will exceed the liabilities almost three to one and depositors will without doubt be paid in full if a crop is raised this year, or as soon as borrowers can raise money to discharge their obligations to the bank. About $4,000 of Buffalo county's money will be tied up for a time, but the county is secured by collateral sufficient to preclude the possibility of loss. The suspension will of course work great hardship upon the depositors, but as it is reasonably sure that in time they will receive dollar for dollar they show a disposition to take the matter philosophically and are thankful that the matter is no worse. WASHINGTON, April 4.-The comptroller of the currency today received notice that the First National bank of Ravenna, Neb., had suspended and immediately ordered Examiner Howey to take charge. The bank had a capital of $50,000. The comptroller ordered Examiner Gannon to take charge of the First National bank of Dublin, Tex. This bank has for some time been in process of liquidation, but the progress made was entirely unsatisfactory, hence his action today.


Article from St. Paul Daily Globe, April 5, 1895

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Nebraska Bank Closed. WASHINGTON, April 4.-The comptroller of the currency today received notice that the First National Bank of Ravenna, Nebraska, had suspended, and immediately ordered Examiner Howey to take charge. The bank had a capital of $50,000. The comptroller ordered Examiner Gannon to take charge of the First National Bank of Dublin, Texas. This bank has for some time been in process of liquidation, but the progress made was entirely unsatisfactory, hence his action today.


Article from The Enterprise, April 10, 1895

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MINOR NEWS ITEMS. For the Week Ending April 6. The City national bank of Fort Worth, Tex., closed its doors. The State bank of Stanton, Neb., went into voluntary liquidation. The sugar trust issued orders to jobbers to stop selling foreign sugar. The Clarence bank at Clarence, Mo., suspended with liabilities of $30,000. The Forty-ninth general assembly of Tennessee reconvened at Nashville. Maryland democrats will hold their state convention in Baltimore July 31. The First national bank of Dublin, Tex., was closed by the bank examiner. The Bristol (Tenn.) Bank and Trust company assigned with liabilities of $24,720. The post office at Springfield, III., was robbed of about $10,000 worth of stamps. Six hundred tramps created a reign of terror in the towns of Bivalve and Port Morris, N. J. Jack Sims, an Oklahoma desperado, was killed by citizens of Cushing while terrorizing the town. Leading western stockraisers were considering plans for defeating the dressed beef combine. President Clayton, of the National farmer's congress, says the next session will be held in Denver. The sixty-fifth annual conference of the Mormon churches convened in the tabernacle at Salt Lake City. The First national bank of Ravenna, Neb., the heaviest banking institution of that city, closed its doors. Investigation shows that the United States is protecting Canadian sealers at a cost of $107 for each skin. In a runaway accident near South Bend, Ind., two children of James Hicks were trampled to death. The packet Iron Queen was burned on the Ohio river at Antiquity and the colored chambermaid was lost. Ex-Congressman Benjamin Gwin Harris died at his home, "Ellensbow," near Leonardtown, Md,, aged 90 years. J. J. McGethen, of Ashland, Wis., has secured for $325,000 the 100,000,000 feet of timber on the Red Cliff reservation. Reports from the tier of counties comprising the Michigan fruit belt indicate a phenomenal fruit crop this year. The Findlay Rolling Mill company of Findlay, O., made an assignment with assets of $250,000 and liabilities of $125,000. The city council passed an order forbidding glove contests in Chicago because aldermen were denied free admission. The woman suffrage clause in the proposed constitution of the new state of Utah was passed by an overwhelming vote. Insurance companies were canceling policies on Indianapolis saloons, fearing the new temperance law might incite to arson. The United States steamship Marblehead, now at Gibraltar, was cabled to proceed with all dispatch to Beyroot, Syria, to protect Americans. A bill passed the Michigan legislature by which the county of Manitou is disorganized and attached to Charlevoix and Leelanaw counties. Martin Kapsch. just elected town trustee in Gloverville, a suburb of Denver, accidentally shot and killed himself while cleaning a revolver. Advices received in Washington say that if Great Britain resorts to force all of the Central American republics will tender their services to Niearagua. A freight train was wrecked near Alton, 111., and Charles Bell, Henry Blitz. Frank Harrison and David Heffley were killed and fourteen other persons were injured. The Cleveland World has been sold to Robert P. Porter, formerly superintendent of the census, for $20,000. The paper will be personally conducted by Mr. Porter and his wife. Train wreckers placed a tie on the


Article from Iron County Register, April 11, 1895

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THE widow of Alexander Dumas died in Paris on the 3d. MRS. PARAN STEVENS, who, with the late Ward McAllister, was for many years a society leader of New York, died of pneumonia at her home in New York city on the 3d NEWTON WALTERS, the 19-year-old slayer of George and James Cox, was found hanging to a tree, on the 3d, near Galena, Kas., a short distance from the scene of the atrocious double crime. COMPTROLLER ECKELS, on the 4th. closed up the First national bank of Ravenna, Neb., and the First national bank of Dublin, Tex.: THE Columbian liberty bell wasrung in Chicago, at noon of the 3d, in honor of Rev. Samuel Francis Smith, author of "America." Mayor Hopkins and Supt. Lane of the public schools were in charge of the ceremony. The ringing was done by a committee of school children, representing each state and territory. EDWARD MANDEVILLE was sentenced to a year in jail by United States Judge Sage at Cincinnati, on the 3d. Mandeville was postmaster at Springdale. His salary was inadequate to support him, and he stole money from registered letters. By a vote of 28 to 1, during an exciting session of the congregation of the Pres. byterian church at Chaumont, N. Y., on the evening of the 2d, it was decided to ask Rev. William Cleveland, brother of President Cleveland, to tender his resignation of the pastorate. It is reported that politics has been a disturbing element. WILLIAM DAVIS, a farmer, near Valparaiso, Ind., is in a critical condition as the result of a vicious horse biting off most of his right hand and pulling out the tendons from the wrist. Bloodpoisoning is feared. ISAAC A. MILLER, a pioneer merchant and president of the Citizens state bank at Council Bluffs, Ia., dropped dead of heart disease in the Grand hotel barber shop in that city on the 4th. A LITTLE more than a year ago the Globe iron works at Cleveland, O., made a cut of 10 per cent. in wages. On the 3d notices were posted in the works announcing a restoration to the old rate. THE Spanish steamer Ignacio de Loyo, conveying 1,000 soldiers to reinforce the government troops in the island of Cuba, arrived at Havana on the 4th. BERTHA HUTINET, aged 17 years, committed suicide, at Milwaukee the morning of the 4th, because her mother slapped her in the face when she returned home about midnight, and refused to tell where she had been. JOSEPH J. WILLIS, chief engineer of the Louisville (Ky.) veneer mills, met a horrible death on the 4th. He was caught in a shaft of a flywheel making 200 revolutions a minute and was dashed against the wall and ceiling of the room until his body was a shapeless mass, almost every bone being broken. O'BRIEN, the American who shot his companion, Waddle, in Paris, on March 27, confessed to Judge Franqueville, on the 5th, that he is really O'Brien, the American bunco steerer. This was the first admission of his identity that the prisoner had made. A CONSTRUCTION car on a branch line of the Second avenue street railroad in Pittsburgh, Pa., became unmanageable, on the 5th, and jumped the track, killing one man and injuring another. A CONSCIENCE contribution of $50 from Pittsburgh, Pa., was received at the treasury department, on the 5th, and was placed to the credit of the conscience fund. A. G. MCLEAN, first mayor of Vancouver, B. C., died in that city on the 4th. He was formerly a resident of Winnipeg, Man. IN the British house of commons. on the 5th, the Irish land bill was read a second time without division. IN an accident on the Bellaire, Zanesville & Cincinnati railroad at Whigville, O., on the 5th, four persons, including the engineer, were instantly kiled, and the fireman was fatally injured.


Article from The True Northerner, April 12, 1895

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MINOR NEWS ITEMS. For the Week Ending April 10. The Nebraska legislature adjourned sine die. A war between Norway and Sweden was said to be impending. Kirkpatrick & Co., wholesale grocers at Nashville, Tenn., failed for $175,000. The First national bank of Dublin, Tex., was closed by the bank examiner. The Bristol (Tenn.) Bank and Trust company assigned with liabilities of $24,720. The net result of municipal elections in New Jersey was a victory for the republicans. Under the new constitution Utah will have eighteen senators and forty-five representatives. Rocky Ford, the English colony settlement in New Mexico, was completely wiped out by fire. The First national bank of Ravenna, Neb., the heaviest banking institution of that city, closed its doors. The czar has refused to abolish the law prohibiting Jews from living within 50 versts of the Russian frontier. The bank of Axtell, Neb,, failed to open its doors. The failure was caused by drought and business stagnation. The bank of Bladen, Neb., was closed by Bank Examiner Cline. The assets were $16,665; liabilities, $10,980. J. J. McGethen, of Ashland, Wis., has secured for $325,000 the 100,000,000 feet of timber on the Red Cliff reservation. Reports from the tier of counties comprising the Michigan fruit belt indicate a phenomenal fruit crop this year. Five Seventh-day Adventists. convicted in Rhea county, Tenn., of working on the Sabbath, were pardoned by Gov. Turney. The United States consul at Berlin reports that there is a demand for good, sound American apples in Germany, but no supply. The United States steamship Marblehead, now at Gibraltar, was cabled to proceed with all dispatch to Beyroot, Syria, to protect Americans. A rainfall for thirty-six hours was general throughout the west and last year's drought-stricken region of Nebraska received a drenching. About forty of the most prominent horsemen in the United States met at Cleveland and formed a sporting league with P. P. Johnson as president. The Kentucky grand lodge Knights of Honor unveiled a monument at Louisville to the memory of James A. Demaree, the founder of the order. The Southern Land & Timber company (English), of Pensacola, Fla., the largest timber concern in the south, went into the hands of receivers. T. M. O'Kelley murdered his aged wife at Vicksburg, Miss., with a hatchet and afterward committed suicide. He was supposed to be insane. Ninety- three farmers from Colorado, Nebraska, Kansas and Illinois are now in the southeastern part of North Carolina looking for lands. They are an advance guard. School elections were held in all the principal towns in Montana, and were remarkable from the fact that in most of the cities at least half the vote was cast by women. The American starch works, largest in the west, were burned at Columbus, Ind., causing a loss of $300,000. Lewis Wade, a colored warehouseman. per-


Article from The Irish Standard, April 13, 1895

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MINOR NEWS ITEMS. For the Week Ending April 10. The Nebraska legislature adjourned sine die. A war between Norway and Sweden was said to be impending. Kirkpatrick & Co., wholesale grocers at Nashville, Tenn., failed for $175,000. The First national bank of Dublin, Tex., was closed by the bank examiner. The Bristol (Tenn.) Bank and Trust company assigned with liabilities of $24,720. The net result of municipal elections in New Jersey was a victory for the republicans. Under the new constitution Utah will have eighteen senators and forty-five representatives. Rocky Ford, the English colony settlement in New Mexico, was completely wiped out by fire. The First national bank of Ravenna, Neb., the heaviest banking institution of that city, closed its doors. The czar has refused to abolish the law prohibiting Jews from living within 50 versts of the Russian frontier. The bank of Axtell, Neb,, failed to open its doors. The failure was caused by drought and business stagnation. The bank of Bladen, Neb., was closed by Bank Examiner Cline. The assets were $16,665; liabilities, $10,980. J. J. McGethen, of Ashland, Wis., has secured for $325,000 the 100,000,000 feet of timber on the Red Cliff reservation. Reports from the tier of counties comprising the Michigan fruit belt indicate a phenomenal fruit crop this year. Five Seventh-day Adventists, convicted in Rhea county, Tenn., of working on the Sabbath, were pardoned by Gov. Turney. The United States consul at Berlin reports that there is a demand for good, sound American apples in Germany, but no supply. The United States steamship Marblehead, now at Gibraltar, was cabled to proceed with all dispatch to Beyroot, Syria, to protect Americans. A rainfall for thirty-six hours was general throughout the west and last year's drought-stricken region of Nebraska received a drenching. About forty of the most prominent horsemen in the United States met at Cleveland and formed a sporting league with P. P. Johnson as president. The Kentucky grand lodge Knights of Honor unveiled a monument at Louiswille to the memory of James A. Demaree, the founder of the order. The Southern Land & Timber company (English), of Pensacola, Fla., the largest timber concern in the south, went into the hands of receivers. T. M. O'Kelley murdered his aged wife at Vicksburg, Miss., with a hatchet and afterward committed suicide. He was supposed to be insane. Ninety- three farmers from Colorado, Nebraska, Kansas and Illinois are now in the southeastern part of North Carolina looking for lands. They are an advance guard. School elections were held in all the principal towns in Montana, and were remarkable from the fact that in most of the cities at least half the vote was cast by women. The American starch works, largest in the west, were burned at Columbus, Ind., causing a loss of $300,000. Lewis Wade, a colored warehouseman, perished in the flames. A freight train was wrecked near Alton, 111., and Charles Bell, Henry Blitz, Frank Harrison and David Heffley were killed and fourteen other persons were injured.


Article from San Antonio Daily Light, February 18, 1896

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NATIONAL CAPITAL NOTES. Agricultural bill occupies the attention of the house. House refuses to concur in the senate's amendments to the deficiency bill. Senator Davis addressed the senate on Monre doctrine, outlined in his resolution. Committee on privileges and elections report in favor of seating Dupont as senator from Deleware. The comptroller of the currency has declared a dividend in favor of the depositors of the first National bank of Dublin, Tex. The house committee on elections decided the contested case of Coleman vs. Buck, from Louisana, in favor of Buck, the sitting member. This action was unanimous. Military academy appropriation is taken up at the close of Davis' speech and amendment disussed proposing] to double the number of cadet appointments from each state at large. The president has sent to congress the correspondence with the German government relating to the exclusions of American insurance companies from Germany. The German government consents to reopen the question. The committee of the National Live Stock exchange, whose members were before a sub-committee of the ways and means committee called at the agricultural department yesterday afternoon and had a conference with Secretary Morton. Heavy withdrawls of gold from the subtreasury at New York continue for use in future payments for bonds under the recent issue and so far as can be learned there is no prospect of even a temporary cessation until the last installment shall have been paid. The withdrawals yesterday aggregated $1,424,600 in coin and $32,300 in bars, which leaves the true amount of the gold reserve $86,203,490. The Phillips bill for the appointment of a non-partisan commission to collect information and consider and reccomend legislation to meet problems presented by labor agriculture and capital, has been reported to the house. Accompanying the bill is a long report which says among other things, that the commission is designed also to benefit the business men.