21197. National Bank (Jefferson, TX)

View Charter #1777 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1777
Charter Number
1777
Start Date
May 25, 1896
Location
Jefferson, Texas (32.757, -94.345)

Metadata

Model
gpt-5-mini
Short Digest
0af56e4b

Response Measures

None

Receivership Details

Depositor recovery rate
96.9%
Date receivership started
1896-06-24
Date receivership terminated
1901-09-30
OCC cause of failure
Losses
Share of assets assessed as good
28.5%
Share of assets assessed as doubtful
53.1%
Share of assets assessed as worthless
18.4%

Description

Newspapers report the Comptroller announced the suspension of the National Bank of Jefferson on 1896-05-25 and Bank Examiner McDonald was placed in charge. Subsequent items (1897, 1899) show a receiver (T. J. Rogers; later H. F. Auten) and receivership actions and asset sales — indicating permanent closure rather than reopening. No article describes a depositor run preceding the suspension.

Events (6)
1. January 28, 1871 Chartered
Source
historical_nic
2. May 25, 1896 Suspension
Cause
Government Action
Cause Details
Suspension announced by Comptroller of the Currency; bank examiner McDonald placed in charge.
Newspaper Excerpt
the comptroller of the currency has received a telegram announcing the suspension of the National bank of Jefferson, Texas. Bank Examiner McDonald was placed in charge.
Source
newspapers
3. June 24, 1896 Receivership
Source
historical_nic
4. April 7, 1897 Receivership
Newspaper Excerpt
Receiver T. J. Rogers of the National bank here has been notified that the comptroller has assessed the stockholders of the bank 75 per cent, payable half May 3 and half July 3.
Source
newspapers
5. February 10, 1899 Receivership
Newspaper Excerpt
Address H. F. Auten, Receiver National Bank of Jefferson, Little Rock, Ark.
Source
newspapers
6. April 20, 1899 Receivership
Newspaper Excerpt
The National Bank of Jefferson, Jefferson, Texas, a corporation, by H. F. Autman, receiver of said bank
Source
newspapers

Newspaper Articles (15)
1. May 25, 1896 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, May 25, 1896

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Article Text

NATIONAL CAPITAL BUDGET Three Notable Opinions Handed Down by the United States Sui preme Court. INDIANS CAN NOT DEFY STATE LAWS Comptroller Bowler Reversed - Not Superior to Congress-Captain of Steamer Horsa Guilty of Violating Neutrality Laws. Washington, May 25.-The United States enpreme court announced its decision to-day in the augar bounty cases of the United States vs. Gay and the Realty company, brought to test the constitutionality of the ruling of Comptroller Bowler denying bounty to the sugar planters under the law of the last congress. The opinion of the court was handed down by Justice Peckham and affirmed the opinion of the court below, holding the sugar bounty law valid and overruling the comptroller. The opinion was unanimous. INDIANS CAN NOT DEFY STATES. The supreme court, in ad opinion by Justice White to-day, passed upon the right of the Bannock Indians to kill game in the unsettled lands of their former reservations in Wyoming, holding that under their treaty the Indians could not kill game in violation of the game laws of the state. The title of the case was J.R. Ward, sheriff, vs. Race Horse, the latter being the Indian who surrendered himself to the Wyoming state authorities for the purpose of testing the matter. The opinion of the U. S. court for Wyoming, by which Race Horse was released from custody, was reversed and it was ordered that the Indian be remanded to the custody of the state authorities. NEUTRALITY LAWS SUSTAINED. Chief Justice Fuller to-day delivered the opinion of the supreme court in the case of the United States vs. J.S. Wiborg, captain of the steamer Horsa, and others. Wiborg and associates were accused of attempting to land arms surreptitiously in Cuba. They were found guilty under the neutrality laws by the United States court at Philadelphia. To-day's opinion held that the decision of the Philadelphia court WAS correct on the point that the expedition was in violation of the nentrality laws. The judgment was affirmed as to Wiborg, but reversed as to Mates Johanson and Peterson, on the ground that they were ignorant of the purposes of the expedition. Justice Harlan concurred in the reversal of the judgment as to Peterson and Johanson, but dissented from the judgment affirming the sentence against Wiborg. BANK SUSPENSION IN TEXAS. The comptroller of the currency has received a telegram announcing the suspension of the National bank, of Jefferson, Texas. Bank Examiner McDonald was placed in charge. The bank has a capital of $100,000. ADJOUBNMENT OF SUPREME The supreme court of the United Statee has adjourned until next October.

2. May 26, 1896 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, May 26, 1896

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Article Text

Washington, May 25.-The comptroller of the currency has received the announcement of the suspension of the National bank of Jefferson, Texas; capital $100,000.

3. May 26, 1896 The Herald Los Angeles, CA
Article from The Herald, May 26, 1896

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Article Text

A Bank Failu, WASHINGTON, May 25.-The comptroller of the currency has received a letter announcing the suspension of the Notional bank of Jefferson, Texas. Bank Examiner McDonald was placed in charge The bank has a capital of $100,000.

4. May 26, 1896 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, May 26, 1896

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Article Text

BRIEFLY TOLD. I The National Bank of Jefferson, Texas, failed yesterday. At the last report the nominal assets were $336,000; liablities, $178,000. - - The works of the Marvel Rubber Co., of Woonsocket, R.I., owned by the United States Rubber Company, which has been closed for six months, started today and will employ 125 hands. Every factory in the city except the Harris Woolen mill is running. A trip through the towns of Plainfield, Brooklyn, Killingly and Moosup, Connectiout, shows the apple crop will be very small, if there are any at all. Whole orchards are ravaged by worms, so that they bear the appearance of having been visited by a fire.

5. May 26, 1896 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, May 26, 1896

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Article Text

WASHINGTON, May 25.-The comptroller of the currency has received a telegram announcing the suspension of the National Bank of Jefferson, Texas. Bank Examiner McDonald was placed in charge. The bank has a capital of $100,000.

6. May 26, 1896 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, May 26, 1896

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Article Text

General Notes. WASHINGTON, May 25. - The President to-day sent the following nominations to the Senate: John F. Nash, of New York, to be surveyor of customs for the port of Syracuse, N. Y.; J. Ward Gurley, of Louisiana, to be attorney of the United States for the Eastern district of Louisiana. The Controller of the Currency has received a telegram announcing the suspension of the National Bank of Jefferson, Tex. Bank Examiner McDonald was placed in charge. The bank has a capital of $100,000.

7. May 28, 1896 The Stark County Democrat Canton, OH
Article from The Stark County Democrat, May 28, 1896

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Article Text

Bank Failure In Texas. W ASHINGTON, May 26.-The comptroller of the currency has received a telegram announcing the suspension of the national bank of Jefferson. Texas.

8. April 9, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, April 9, 1897

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Article Text

Stockholders Assessed. Jefferson, Texas, April 7.-Receiver T. J. Rogers of the National bank here has been notified that the comptroller has assessed the stockholders of the bank 75 per cent, payable half May 3 and half July 3.

9. June 4, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, June 4, 1897

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Article Text

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.

10. November 14, 1897 San Antonio Daily Light San Antonio, TX
Article from San Antonio Daily Light, November 14, 1897

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Article Text

REAL ESTATE TRANSFERS. Will F. Noonan to C. G. Kibbe, lot 20, block 5, on Vance street; $375. L. B. Haywood to Thomas J. Rogers, receiver National bank, at Jefferson, Tex., lot 9, of original lot 5, containing 9.46 acres; $154.55. Fred and Rosina Ackermann to Fred C., Ben and Chris Ackermann, Rosina Ackermann Ward, Mina Ackermann Schulz and Theresa Ackermann McIntyre, 50 acres of the C. F. King survey, on the Seguin and Binz-Engelmann roads, and on the G. H. & S. A. R. R. track and Salado creek; $1 etc. Of the above tract half an acre is to be reserved for a schoolhouse and a site for a Lutheran church and part for a family burying ground. It is provided in the deed that should any of the children change their religion from the Lutheran they shall then lose their rights and benefits to the same.

11. February 10, 1899 The Age-Herald Birmingham, AL
Article from The Age-Herald, February 10, 1899

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Article Text

MISCILLANEOUS IRON FURNACE FOR SALE-At Jefferson, Tex., with 8,000 acres of iron ore, cost $150,000; must be sold at once at some price; on two railroads; full particulars given on application. Address H. F. Auten, Receiver National Bank of Jefferson, Little Rock, Ark. 2-10-7t

12. February 12, 1899 The Age-Herald Birmingham, AL
Article from The Age-Herald, February 12, 1899

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Article Text

Attention is called to the iron furnace and Iron lands offered for sale in today's issue by H. F. Auten, of Little Rock, Ark., as receiver of the National Bank of Jefferson, Texas, which must be sold at once. Write for information.

13. February 14, 1899 The Age-Herald Birmingham, AL
Article from The Age-Herald, February 14, 1899

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Article Text

Attention is called to the iron furnace and iron lands offered for sale in today's issue by H. F. Auten, of Little Rock, Ark., as receiver of the National Bank of Jefferson, Texas, which must be sold at once. Write for information.

14. February 15, 1899 The Age-Herald Birmingham, AL
Article from The Age-Herald, February 15, 1899

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Article Text

IRON FURNACE FOR SALE-At Jefferson, Tex., with 8,000 acres of iron ore, cost $150,000; must be sold at once at some price; on two railroads; full particulars given on application. Address H. F. Auten, Receiver National Bank of Jefferson, Little Rock, Ark. A BARGAIN-$1,500 for a beautiful Highland lot that cost $7,000 during the boom, 100x120, southeast corner 30th street and Highland avenue; $300 cash, balance one, two and three years. G. W. Bains, with Collier Drug Co.

15. April 20, 1899 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, April 20, 1899

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Article Text

First published in the Leader April 20, 1899 PUBLICATION NOTICE. In the District Court of Logan County, Ok. lahoma Territory: F. E. Pentecost. Trustee: The National Bank of Jefferson, Jefferson, Texas, a corporation, by H. F. Autman, Receiver of said Bank, Plaintiffs. vs. The Southern Pine Lumber Co., a corporation, and T. L. L. Temple and Benjamin Whitaker, partners under the firm name and style of the"Southern Pine Lumber Co., and G. M. D. Grigsby and D. J. Grigsby, partners as Grigsby Brothers; and J. W. McNeal, Hattie P. DeBois, Charles Griswold, J. D. Elder, William H. Dungan, Anna Bannister, G. W. R. Chinn, Mrs. G. W. R. Chinn, and T, L. L. Temple and all persons claiming under or through the Southern Pine Lumber Co., a corporation or partnership, or T. L. L. Temple, any of the property hereinafter described, Defendants. The said defendants, the Southern Pine Lumber Company, a corporation under the laws of the state of Arkansas; The South ean Pine Lumber Company, a partnership composed of Benjamin Whitaker and T. L. L. Temple: and G. M. D. Grigsby and D. J Grigsby, partners under the firm name and style of Grigsby Brothers: Charles Griswold J. D. Elder, william H, Dungan, will each take notice that they have been sued in the district court of Logan county, Oklahoma Territory, by F. E. Pentecost, trustee, and the National Bank of Jefferson, Jefferson, Texas, a corporation, by H. H. Autman, receiver of said bank: and that unless you and each of you answer the petition of the plaintiffs on file in said court on or before the 31st day of May, A. D. 1899, said petition will be taken as true and judgment rendered accordingly against each of you as therein prayed for. towit: to quiet the title in plaintiffs to an undivided four-fifths interest In, and to an undivided five-tenths or one-half interest in and to lots numbered 4, 5, 6, 7 and 81, in block number 43, situated in the town of Guthrie. according to the recorded plat thereof. in the territory of Oklahoma; also an undivided four-fifths interest in and to lot number 9, block number 54, Guthrie proper, according to the recorded plat there of, in the territory of Oklahoma: also an undivided four-fifths interest in and to an undivided one-half interest in lots numbers 11 and 12. in block number 13, East Guthrie, according to the recorded plat thereof, in the territory of Oklahoma: also an undivid. ed four-fifths interest in and to an undivided one-halt interest in lot number 15, in block number 51, East Guthrie, according to the recorded plat thereof, in the territory of Oklahoma: together with all the rights, numbers, hereditaments, and appurtenances to the same in any manner belonging, said property being situated in Logan county, Oklahoma Territory: also the following property situated in Oklahoma county, Oklama Territory, with all tha rights, numbers, hereditaments and appurtenances to the same in any manner belonging, towit: an undivided four-dfths interest in and to losts 17, 18, 19. 20 and 21, in block number 60, Okla. homa City, Oklahoma Territory, according to the recorded plat thereof in the territory of Oklahoma, and to foreclose a truster to said property described held by plaintiffs, and a decree ordering the above property sold to satisfy such judgment as plaintiffs may obtain against defendants Grigsby Brothers on a promissory note amonnting in the aggregate to the sum of 2$10,050.00. which said note said deed of trust was give en to secure: and judgment will further be rendered against you for costs of suit, Dated this 19th day of April, A. D. 1899. BUCKNER & SONS. Attorneys for Plaintiffs. Attest-M. C. HART, Clerk.