21198. Johnson City State Bank (Johnson City, TX)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
November 1, 1907*
Location
Johnson City, Texas (30.277, -98.412)

Metadata

Model
gpt-5-mini
Short Digest
c36d3bb3

Response Measures

None

Description

Articles (Nov 24 and Dec 24, 1907) state the Johnson City State Bank suspended in mid-November 1907 and was placed under a special agent by the State Bank Superintendent; by Dec. 24, 1907 the state department announced the bank would resume business. No mention of depositor runs; suspension appears to be via regulatory action (special agent).

Events (2)

1. November 1, 1907* Suspension
Cause
Government Action
Cause Details
State Bank Superintendent appointed a special agent and took charge of the bank after it suspended; regulatory intervention led to suspension.
Newspaper Excerpt
State Bank Superintendant Love has announced the appointment of Thomas Shearon of Dallas to be special agent of and take charge of the Johnson City State bank, which suspended several days ago.
Source
newspapers
2. December 24, 1907 Reopening
Newspaper Excerpt
the state department of banking announces that the Johnson City State bank will resume for business Tuesday. This bank suspended some time ago.
Source
newspapers

Newspaper Articles (2)

Article from Bryan Morning Eagle, November 24, 1907

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Article Text

# TEXAS COTTON CROP. Commissioner Milner Says Figures Are Official. Austin, Nov. 23.-Commissioner of Agriculture Milner gave out his estimate of cotton crop of Texas for 1907 which he places at 1,987,887 bales. This is based on the fact that 86 percent of the present cotton crop in Texas as has been ginned. He compares the percentage of cotton crops which have been ginned up to Nov. 14 for the past four years in order to reach the conclusion of his present estimate. These percentages and figures, Commissioner Milner says, are official, as they are figures given of ginners' reports by the Federal government. An important conference of officers of the Texas National guard was held here in the adjutant general's department for the purpose of taking definite steps toward reducing the Texas National guard from a division to a brigade. The question of a successor to Major General William H. Stacy, as commander of the guard was also discussed. Plans for the next encampment were also debated. The following officers attended: Generals Newton, Stacy, Hulen and Scurry; Colonels Hutchings, Townsend, Lyon, Brynes and Delamater. A statement was given out by the department of agriculture showing the total number of bales of cotton ginned of this season's crop up to Nov. 1, which is 1,137,010 square and 52,550 round bales. State Bank Superintendant Love has announced the appointment of Thomas Shearon of Dallas to be special agent of and take charge of the Johnson City State bank, which suspended several days ago. Mr. Love is just back from San Antonio in connection with the West Texas Bank and Trust company. He says that the institution will be able to resume business within a short time.


Article from Bryan Morning Eagle, December 24, 1907

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Article Text

NEW RAILROAD. To Be Constructed From Abilene to Ballinger. Austin, Dec. 21.-Saturday morning the charter of the Ballinger and Abilene Railway company was approved by the attorney general. The proposed road is to run from Ballinger to Abilene, a distance of fiftythree miles. Capital stock is $200,000. Ballinger will be the principal office. The state department of banking announces that the Johnson City State bank will resume for business Tuesday. This bank suspended some time ago. Attorney General Davidson has returned from Dallas, where he has been during the past several days. In answer to a question he said that the platform on which he is to make the race for a third term is very brief. It is merely: "I stand for the enforcement of the law." The state penitentiary board held a meeting here for the purpose of changing some assignments of convicts. Changes were made which were satisfactory to all parties. It is announced that continued wet wather has considerably interfered with the movement of the cane crop.