First National Bank - Houston, TX

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1644
Charter Number: 1644
Start Date: August 1, 1901*
Location: Houston, Texas (29.763, -95.363)

Metadata

Model: gpt-5-mini
Short Digest: b8821b86

Response Measures

None

Description

Article is an OCR'd court testimony (Houston Daily Post, 1901-08-18) discussing the First National Bank's closing/ failure and the State's deposit. No explicit mention of a depositor run in the text provided; the bank appears to have closed and been unable to meet State deposit withdrawals. I corrected OCR artifacts (e.g., falled -> failed/closed). Date of suspension approximated as August 1901 (newspaper dated 1901-08-18).

Events (1)

1. August 1, 1901* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed/failed with insufficient cash to meet State treasurer withdrawals; testimony indicates large State deposits, possible holdings of bank notes/loans and shortages of cash leading to closure (insolvency/asset problems).
Newspaper Excerpt: How much actual cash was to the Mr. Robbins as State treasurer in the bank falled? I would say that there was nothing to his credit.
Source: newspapers

Newspaper Articles (1)

1. August 18, 1901 The Houston Daily Post Houston, TX

Article from The Houston Daily Post, August 18, 1901

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Article Text

asked for it, but do not know as he got it. Dere any correspondence be-tween here and the comptroller at Washington about this deposit? ast know, sir. you ever hear of this corre-spondence, sir. are the duties of the teller? and receiving money over the na koow why the treasurer left udy in the bank? fever hear any of the bank say why? dere, during the administration gor Lubbock and Mr. Wortham as salwar Call ce the bank? 't recollect as to Governor Lab-lministration, but during Mr. administration there was ai-Mlance in the bank. nt was the approximate amount of there by Mr. Wortham as State id not say, that has been so long not the State account always a good account to have? gr; out how much it was I could not the State's account with the predpal part on which the bank a good amount, and I suppose ll that not be the best deposit? $250,000 a fair deposit for any Bank? uld judge so. Tere there any other accounts in the unting to as much as $10,0007 sir. many of that amount were re was one. you remember what ccount that sir: but is it necessary for me to De name? is that account Mr. Robbins in-account? 3s not the First National bank run ar te year on the State's funds? 't think so. a pot the State's deposit more than he deposits together? at was the total amount of de-at the close of the bank? out $571,000. much of this money was due e treasurer and how much was weretary of State? books show $858.208.89 to be due treasurer and about $39,000 due tary of state. any other state official have any in the bank in an official way? But was the amount of actual cash lank when it closed? d not know the amount of cash bank when it closed. you take the State's deposit out amount of deposits in the bank leave about $171,000, would it not? moth of this fund was, security in don't know. I know nothing about s held by the bank. the bank holding notes against any Mak ofticiais. de pot know. Possibly it. s. That, in your opinion, cansed the of the bank? suppose that the bank is holding had notes. not the Raymond bank and the National bank practically the same? Raymond bank owns imost of the of the First National ank. as not the Raymond band a deposit 5000 in the First National bank? sir. I suppose you mean that they 100 of the stock of the First Na-bank. I do not know whether they Bat much or not. Whitis, being daly sworn, testifiel ion. What position do you hold la Test National bank? am the teller are your duties? The receiving and paying out of wer the window. When Mr. Robbins would bring his the bank, who would make the would. Mr. Robbins kept two pass and, he alternated each moith. bere are these two pass books now? e of them is at the bank, I sup- Do you know whether he has called bank for it or not? called for it Saturday. + suppose returned to him in the course of Then did Mr. Robbins get the last from the bank? About the first or second of August. something over $31,000. I took rants to him. We had that many I took his check for it. 1 only as it warrants, and no cash at all. How did you come to take the war-the treasury? The bank examiner would not take cash. I believe it was the second this month. When did you turn the last cash over Robbins? the second day of August. When was it that you turned the De over to him? suppose thirty days previous to that low much was it? might have been from $50,000 to I don't remember. I suppose that thirty days prior to the second day It was some time during the et July. Tow often during the month of July draw money for him? Gon't know. Lits the statement that you have Mak show when you paid him the lex sir. What ought the pass book to show? ought to show his deposits for the July, and alternate months back. you know what the amount of osits were during the month of do not. 't you approximate them? How much money did the State freas-e in cash in the bank at the date feliure? could not say that. Sow much had been collected? How the deposit of $358,000 nad been to possession? dea't know. Some of the items were alt and could not be heard from in an ten dtys. How much actual cash was to the Mr. Robbins as State treasurer bank falled? I would say that there was nothing to his credit. much of the $338,000 had been by the bank up to that time? would say that $300,000 had been I suppose $40,000 or $50,000, his the past ten days prior thereto, been collected. was this money not turned over tate treasurer? he did not call for it. sit the custom for the treasurer the money or check against it, you