21205. Rio Grande National Bank (Laredo, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4146
Charter Number
4146
Start Date
September 17, 1891
Location
Laredo, Texas (27.506, -99.508)

Metadata

Model
gpt-5-mini
Short Digest
875e3308

Response Measures

None

Receivership Details

Depositor recovery rate
37.0%
Date receivership started
1891-10-03
Date receivership terminated
1896-09-08
OCC cause of failure
Losses
Share of assets assessed as good
24.6%
Share of assets assessed as doubtful
15.9%
Share of assets assessed as worthless
59.5%

Description

The articles report the Rio Grande National Bank of Laredo suspended (Sept 17, 1891) and was placed in the hands of an examiner; the Comptroller decided a receiver was necessary (Sept 18) and a receiver was later named. No run is mentioned. Suspension attributed to lack of business and other causes (bank-specific failure), leading to receivership/closure.

Events (5)

1. October 28, 1889 Chartered
Source
historical_nic
2. September 17, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure attributed to a lack of business and other causes; bank suspended and placed in hands of an examiner.
Newspaper Excerpt
The comptroller of the currency has been informed of the suspension of the Rio Grande National bank, of Laredo, Tex., and of its being placed in the hands of a bank examiner.
Source
newspapers
3. September 18, 1891 Receivership
Newspaper Excerpt
Comptroller Lacey has decided that it is necessary to appoint a receiver for the Rio Grande National Bank of Laredo, Tex., and the appointment will be made within a few days. The bank is now in charge of Bank Examiner Spalding.
Source
newspapers
4. October 3, 1891 Receivership
Source
historical_nic
5. October 4, 1891 Other
Newspaper Excerpt
The Comptroller of the Currency has to-day appointed Mr. H. W. Wolcott receiver of the Rio Grande National Bank, of Laredo, Tex.
Source
newspapers

Newspaper Articles (3)

Article from St. Paul Daily Globe, September 18, 1891

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Article Text

Texas Bank Suspends. WASHINGTON, Sept. 17.-The comptroller of the currency has been informed of the suspension of the Rio Grande National bank, of Laredo, Tex., and of its being placed in the hands of a bank examiner. The failure of the bank is attributed to a lack of business and to other causes. The depositors will be paid in full, and, judging from the information now with the comptroller, all the bank's obligations will be met in time.


Article from St. Paul Daily Globe, September 19, 1891

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Article Text

To Have a Receiver. W ASHINGTON, Sept. 18.-Comptroller Lacey has decided that it is necessary to appoint a receiver for the Rio Grande National Bank of Laredo, Tex., and the appointment will be made within a few days. The bank is now III charge of Bank Examiner Spalding.


Article from The Times, October 4, 1891

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Article Text

IS NOT A BRITISH SUBJECT. Chong Sam, the Chinaman, Must be Taken Back to His Native Land. DECISION OF THE ATTORNEY-GENERAL. The Execution of Deportation to be Made at Once-Colonel Alexander Appointed. Washington Notes. WASHINGTON, D. C., Oct. B.-The case of Chong Sam. the Chinaman. who was found to be unlawfully in the United States, and whose return to China was ordered by United States Commissioner Harris, of Port Huron, in July last. has finally been determined. It will be remembered that the British Minister requested that the deportation be deferred until evidence could be produced on the prisoner's behalf After much correspondence on the subject. all of which was referred to the Attorney-General, that officer after a full consideration of all the facts submitted, advised the Treasury Department that there is nothing in the papers presented to the British Minister to indicate that Chong Sam is a sub_ ject of Her Britannic Majesty. nor is there any chance of a compliance with the requirements of the law prescribing the credentials essential for Chinese persons, other than laborers. who seek admission into the United States. and that, therefore. the execution of the deportation order should no longer be delayed. MUST BE RETURNED. The subject was presented in all its features to the President, who, it is understood, regards the case as involving the whole question of the success of the enforcement of the exclusion acts. He is of the opinion that if Chinamen can land in Canada and suffer no other penalty for crossing our line than that of being returned to Canada, whence they may again repeat their attempt to enter our territory. our law becomes practically a dead letter. The Secretary of the Treasury has instructed the collector of customs at Port Huron to advise the attorney for the prisoner of the facts in order that he may, if deemed advisable, present the question before the courts by habeas corpus proceedings, the object in view being to obtain a decision upon the proper construction of certain provisions of the Chinese exclusion act, concerning which there has been a diversity of views among the Federal judges. The collector has been informed that unless the proceedings indicated are promptly instituted the prisoner should be delivered into the custody of the collector of customs at San Francisco for deportation to China. CAPITAL NOTES. The President has appointed Lieutenant. Colonel Charles T. Alexander chief medical purveyer of the army, to succeed Colonel Vollum. lately retired. The position is next in importance to that of Surgeon-General. Attorney-General Miller to-day appointed W. D. Frazee assistant United States district attorney for Mississippi, vice Montgomery, resigned. The Comptroller of the Currency has to-day appointed Mr. H. W. Wolcott receiver of the Rio Grande National Bank, of Laredo, Tex.