21235. Farmers & Merchants Bank (Paris, TX)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: March 23, 1897
Location: Paris, Texas (33.661, -95.556)

Metadata

Model: gpt-5-mini
Short Digest: a41d51d3

Response Measures

Full suspension

Other: Assignee named (deed of assignment) - bank made assignment to Judge D. H. Scott; City National paid depositors after run.

Description

Multiple contemporaneous newspapers report a run triggered by the failure of the cotton firm Martin, Wise & Fitzhugh; the Farmers & Merchants Bank made an assignment to Judge D. H. Scott and closed on March 23, 1897. This is a run that led to suspension/assignment and permanent closure (assignee named). No reopening is reported.

Events (3)

1. March 23, 1897 Receivership

Newspaper Excerpt: made an assignment to Judge D. H. Scott. This action was precipitated by the failure of the cotton firm of Martin, Wise & Fitzhugh yesterday.
Source: newspapers

2. March 23, 1897 Run

Cause: Bank Specific Adverse Info
Cause Details: Run was precipitated by the failure/suspension of the cotton firm Martin, Wise & Fitzhugh, which owed the bank money; depositors alarmed and withdrew funds.
Measures: All checks presented the previous day were promptly cashed; bank appealed to other local banks for assistance (appeal refused).
Newspaper Excerpt: Depositors became alarmed, and a run begun...the run was renewed and continued until the bank was forced to close.
Source: newspapers

3. March 23, 1897 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank made an assignment (suspended payments) after the run driven by the failure of Martin, Wise & Fitzhugh left it unable to meet continued withdrawals.
Newspaper Excerpt: At 10 o'clock this morning the Farmers and Merchants' Bank...made an assignment to Judge D. H. Scott.
Source: newspapers

Newspaper Articles (20)

1. March 23, 1897 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, March 23, 1897

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PARIS, TEX., BANK CLOSES. Failure is Caused by the Assignment of Martin, Wise & Fitzhugh, Yesterday. St. Louis, March 23.-A special to the Post-Dispatch from Paris, Tex., says: The Farmers' & Merchants' bank closed its doors at 10 o'clock this morning. It was one of the oldest financial institutions in the state and had a paid up capital of $200,000. The failure of Martin, Wise & Fitzhugh yesterday caused a run on the bank which forced it to the wall. John Martin was president of the bank until yesterday, when he resigned. There is a decidedly panicky feeling prevailing and it is feared that runs will be made on all banks affected by the failure here and elsewhere.

2. March 24, 1897 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, March 24, 1897

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TEXAS BANK CLOSED. Flurry Caused by Failure of the Farmers' and Merchants', of Paris. PARIS, Tex., March 23.-The Farmers' and Merchants' Bank closed its doors at 10 o'clock this morning. It was one of the oldest institutions in the State, and had a paid-up capital of $200,000. The failure of Martin, Wise & Fitzhugh yesterday caused a run on the bank, which forced it to the wall. John Martin was president of the bank until yesterday, when he resigned. When the Farmers' and Merchants' Bank closed its doors the news flew over the city like wildfire. People became panic-stricken. A rush was made for the City National Bank, which was a large creditor of Martin, Wise & Fitzhugh, and the people began to withdraw their deposits. An excited crowd gathered in front of the building along the sidewalks the length of the block. It became necessary for the police to clear a passage. Everybody expected the doors to close every moment. At 11 o'clock Colonel George F. Hicks, vice president of the First National, walked into the City National with $100,000 and told the depositors to "come on and get your money. The officials of the City National announced that it would remain open until 6 o'clock to pay deposits. This quieted the fears of some, but a great many continued to draw out their money. It is difficult to predict the end.

3. March 24, 1897 New-York Tribune New York, NY

Article from New-York Tribune, March 24, 1897

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A TEXAS BANK FORCED TO SUSPEND. THE FARMERS AND MERCHANTS' OF PARIS CARRIED DOWN BY THE FAILURE OF MARTIN, WISE & FITZHUGH. Paris, Tex., March 23.-At 10 o'clock this morning the Farmers and Merchants' Bank, one of the oldest and thought to be the strongest financial institution in North Texas, with a paid up capital of $200,000 and a surplus of $60,000. made an assignment to Judge D. H. Scott. This action was precipitated by the failure of the cotton firm of Martin, Wise & Fitzhugh yesterday. It was known that the firm owed the bank money, the depositors became alarmed. and a run begun. All checks presented yesterday were promptly cashed. The bank officials foresaw that If the run was kept up the bank would be forced to wall. An appeal to the other local banks for assistance was made, but refused. When the doors opened this morring the run was renewed and continued until the bank was forced to close. This set people wild, and a rush was made for the City National, which was also a large creditor of Martin, Wise & Fitzhugh. A great crowd gathered in front of the building. and it became necessary for the police to clear the sidewalks. At 11 o'clock Colonel George F. Hicks. vicepresident of the First National Bank, walked in and laid $100,000 on the City National's counter, and told the people to come forward and get their money. This was followed by the announcement that the bank woul remain open until 6 o'clock to pay depositors. Thus the fears of some were allayed. but many continued to withdraw their money. Apprehensions are felt for banks in neighboring towns which are involved in the failure of Martin, Wise & Fitzhugh.

4. March 24, 1897 The Morning News Savannah, GA

Article from The Morning News, March 24, 1897

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BANK SCARE IN TEXAS. One Institution's Failure Starts a Run on Another. Paris, Tex., March 23.-At 10 o'clock this morning the Farmers and Merchants' Bank, one of the oldest and thought to be the strongest financial institutions in North Texas, with a paid up capital of $200,000, and a surplus of $60,000, made an assignment to Judge D. H. Scott. This action was precipitated by the failure of the cotton firm of Martin, Wise & Fitzhugh yesterday. It was known that the firm owed the bank money and depositors became alarmed and a. run begun. All checks presented yesterday were promptly cashed. The bank officials forsaw that if the run was kept up it would be forced to the wall. An appeal to the other local banks for assistance was refused. When the doors opened this morning the run was renewed, and continued until the bank was forced to close. This set people wild and a rush was made for the City National, which was also a large creditor of Martin, Wise & Fitzhugh. A great crowd gathered in front of the building and it became necessary for the police to clear the sidewalks. At 11 o'clock, Col. George F. Hicks, vice president of the First National Bank, walked in and laid $100,000 on the City National's counter and told the people to come forward and get their money. This was follwed by the announcement that the bank would remain open until 6 o'clock to pay depositors. This allayed the fears of some, but many continued to withdraw their money. Apprehensions are felt for banks in neighboring towns who are involved in the failure of Martin, Wise & Fitzhugh.

5. March 24, 1897 The Copper Country Evening News Calumet, MI

Article from The Copper Country Evening News, March 24, 1897

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Article Text

Texas Bank Closed. Paris, Tex., March 24.-The Farmers' and Merchants' bank closed its doors Tuesday. It was one of the oldest financial institutions in the state and had a paid up capital of $200,000. The fallure of Martin, Wise & Fitzhugh caused a run on the bank which forced it to the wall.

6. March 24, 1897 Wheeling Register Wheeling, WV

Article from Wheeling Register, March 24, 1897

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CREATED A PANIC. The Failure of a Bank in a Texas Town Starts a Heavy Run on Other Institutions. Paris, Texas, March 23.-The Farmers' and Merchants' Bank closed its doors at 10 o'clock this morning. It was one of the oldest financial institutions in the State and had a paid-up capital of $200,000. The failure of Martin, Wise and Fitzhugh yesterday, caused a run on the bank which forced it to the wall. John Martin was president of the bank until yesterday, when he resigned. When the Farmers' and Merchants' bank closed its doors, the news flew over the city like wild-fire. People became panic-stricken. A rush was made for the City National bank, which was a large creditor of Martin, Wise & Fitzhugh. and began to withdraw their deposits. An excited crowd gathered in front of the building and along the side-walks the length of the block. It became necessary for the police to clear a passage. Everybody expected the doors to close at every moment. At 11 o'clock Col. George F. Hicks, vice president of the First National, walked into the City National with $100,000 and told the depositors to "come on and get their money." The officials of the City National announced that it would remain open until 6 o'clock to pay deposits. This quieted the fears of some. but a great many continued to draw out their money. It is difficult to predict the end.

7. March 24, 1897 The Wilmington Daily Republican Wilmington, DE

Article from The Wilmington Daily Republican, March 24, 1897

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Article Text

A Texas Bank Succumbs. Paris, Tex., March 24.--The Farmers' and Merchants' bank closed its doors yesterday. It was one of the oldest financial institutions in the state, and had a paid up capital of $200.000. The failure of Martin, Wise & Fitzhugh caused a. run on the bank, which forced it to the wall. John Martin was president of the bank until Monday, when he resigned. There was a run on the City National bank by frightened depositors, but all claims were paid.

8. March 24, 1897 The Brunswick Times Brunswick, GA

Article from The Brunswick Times, March 24, 1897

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BAD BANKING. Two Texas Banks in Trouble-One Has Suspendd. Paris, Texas, March 23.-The Farmers and Merchants bank here suspended this morning. The failure was caused by the suspension yesterday of Martin, Wise & Fitzhugh, cotton buyers. RUN ON ANOTHER BANK. A big run is in progress at the City National bank. The line of waiting depositors extends into the street and excitement runs high.

9. March 24, 1897 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, March 24, 1897

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TEXAS BANK SCARE. A Hitherto Strong Institution Forced to the Wall. Paris, Texas, March 23.-At 10 o'clock this morning the Farmers' and Merchants' Bank, one of the oldest and thought to be strongest financial institutions in North Texas, with a paid. up capital of $200,000 and a surplus of $60,000, Scott. made an assignment to Judge D. H. This action was precipitated by the failure of the cotton frm of Martin, Wise & Fitzhugh yesterday. It was known that the firm owed the bank money. Depositors became alarmed and a run began All checks presented yesterday were promptly cashed. The bank officials foresaw that if the run was kept up it would be forced"to the wall. An appeal to the other local banks for assistance was made, but refused. When the doors opened this morning the run was renewed and continued un. til the bank was forced to close. This set people wild and a rush was made for the City National, which was also a large creditor of Martin, Wise & Fitzhugh. A great crowd gathered in front of the building and it became necessary for the police to clear the sidewalks. At 11 o'clock Col. George F Hicks, vice president of the First National Bank, walked in and laid $100,000 on the City National's counter and told the people to come forward and get their money. This was followed by the announcement that the bank would remain open until 6 o'clock to pay depositors. This allayed the fears of some, but many continued to withdraw their money. Apprehensions are felt for banks in neighboring towns who are involved in the failure of Martin, Wise & Fitzhugh.

10. March 24, 1897 The Daily Morning Journal and Courier New Haven, CT

Article from The Daily Morning Journal and Courier, March 24, 1897

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TEXAS BANKS EMBARRASSED. A Suspension at Paris and a Big Run on Another Bank. Paris, Tex., March 23.-The Farmers and Merchants' bank of this city suspended this morning. The failure was caused by the suspension yesterday of Martin, Wise & Fitzhugh, cotton buyers. A statement of assets and liabilities has not yet been given out. A big run is in progress at the City National bank. The line of waiting depositors extends into the street. Excitement runs high.

11. March 24, 1897 The Wheeling Daily Intelligencer Wheeling, WV

Article from The Wheeling Daily Intelligencer, March 24, 1897

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TEXAS BANK FAILS. Cansed by the Failure ofa Debtar-Run on Another Bank. ST. LOUIS, Mo., March 23.-A special from Paris, Texas, says: The Farmers' and Merchants' Bank closed its doors at 10 o'clock this morning. It was one of the oldest financial institutions in the state and had a paid up capital of $200,000. The failure of Martin. Wise & Fitzhugh yesterday caused a run on the bank, which forced it to the wall. John Martin was president of the bank until yesterday, when he resigned. When the Farmers' and Merchants' Bank closed Its doors the news flew over the city like wild-fire. People became panic-stricken. A rush was made for the City National Bank, which was a large creditor of Martin, Wise & Fitzhugh, and began to withdraw their deposits. An excited crowd gathered in front of the building and along the sidewalke the length of the block. It became necessary for the police to clear a passage. Everybody expected the doors to close every moment. At 11 o'clock Col. George F. Hicks. vice president of the First National. walked into the City National with $100,000 and told the depositors to "come on and get your money." The officials of the City National announced that It would remain open until 6 o'clock to pay all deposits. This quieted the fears of some. but a great many continued to draw out their money. It is difficult to predict the end.

12. March 24, 1897 The Times Richmond, VA

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BUSINESS TROUBLES. Building and Loan Officers Short-Bank Failures, CHICAGO, ILL., March 23.-A bill for a receiver for the Christopher Columbus Building and Loan Association was filed in the Superior Court yesterday by the president of the association, who charges that David B. Sachsel, secretary, and Karl Kronenberger, treasurer, are short in their accounts to the amount of $35,000. The bill states that Sachsel admitted that he had appropriated $10,000 of the funds. Judge Ball appointed Arthur Nollan receiver of the association. The liabilities are stated to be $113,500, and assets $7,500. Police officers were sent to guard the offices to-day to prevent a threatened breaking open of the safe and conhscation of the property. Mrs. Sachsel says her husband is in Indiana and will return. WEST POINT, GA., March 23.-The West Point State Bank closed its doors yesterday. It was supposed to be a branch of the State Savings Bank of Atlanta, and since the failure of that institution it has been weakened from lack of patronage. W. C. Hale, who was connected with the State Savings Bank, being the vicepresident of the West Point State Bank, caused a heavy run upon the bank here soon after the failure of the State Savings Bank, and it has been in a shaky condition since. The West Point State Bank had a capital of $25,000, and the nominal assets amounted to about the same. PARIS, TEX., March 23.-At 1 o'clock this morning the Farmers' and Merchants' Bank, one of the oldest, and thought to be the strongest of the financial institutions in North Texas, with a paid-up capital of $200,000, and a surplus of $60,000, made an assignment to Judge D. H. Scott. This action was precipitated by the failure of the cottom firm of Martin, Wise & Fitzhugh yesterday. It was known that the firm owed the bank money, depositors became alarmed, and a run begun. All checks presented yesterday were promptly cashed. The bank officials foresaw that if the run was kept up it would be forced to the wall. An appeal to the other local banks for assistance was made, but refused. When the doors opened this morning the run was renewed, and continued until the bank was forced to close. This set people wild, and a rush was made for the City National, which was also a large creditor of Martin, Wise & Fitzhugh. A great crowd gathered in front of the building. and it became cessary for the police to clear the sidewalks. At 11 o'clock Colonel George E. Hicks, vice-president of the First National Bank, walked in and laid $100,000 on the City National's counter, and told the people to come forward and get their money. This was followed by the announcement that the bank would remain open until 6 o'clock to pay depositors. This allayed the fears of some, but many continued to withdraw their money. Apprehensions are felt for banks in neighboring towns who are involved in the failure of Martin Wise & Fitzhugh.

13. March 24, 1897 The Times Washington, DC

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A NORTH TEXAS BANK FAILS. Farmers and Merchants' of Paris Forced to the Wall. Paris, Texas, March 23.-At 10 o'clock this morning the Farmers and Merchants' Bank, one of the oldest and thought to be the strongest financial institution in north Texas, with a paid-up capital of $200,000 and a surplus of $60,000, made an assignment to Judge D.H. Scott. This action was precipitated by the failure of the cotton firm of Martin, Wise & Fitzhugh yesterday. It was known that the firm owed the bank money, depositors became alarmed and a run begun. All checks presented yesterday were promptly cashed. The bank officials foresaw that if the run was kept up it would be forced to the wall. An appeal to the other local banks for assistance was made but refused. When the doors opened this morning the run was renewed and continued until the bank was forced to close. This set people wild and a rush was made for the City National, which was also a large creditor of Martin, Wise & Fitzhugh. A great crowd gathered in front of the building and it became necessary for the police to clear the sidewalks. At 11 o'clock Col. George F. Hicks, vice president of the First National Bank, walked in and laid $100,000 on the City National's counter and told the people to come forward and get their money. This was followed by the announcement that the bank would remain open until 6 o'clock to pay depositors. This allayed the fears of some, but many contined to withdraw their money. Apprehensions are felt for banks in neighboring towns who are involved in the failure of Martin, Wise & Fitzhugh.

14. March 24, 1897 The Houston Daily Post Houston, TX

Article from The Houston Daily Post, March 24, 1897

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F. AND M. BANK OF PARIS. Run on It Forced the House to Assign. DEPOSITORS TO BE PAID IN FULL. Assignee Says the Assets will Be Sufficient The City National Stood a Run Easily. Paris, Texas, March 23.-This has been a "black Friday" for this thriving city and it has passed the severest crisis in its history. For the first time a bank has closed its doors and suspended payment. The old Farmers' and Merchants' bank. that has been the depository at one time or another of all the business men of Paris, that has pulled many of them out of the hole and enabled them to continue busi. ness, filed a deed of assignment in the county clerk's office at 10:10 this morning, naming D. H. Scott as assignee. When the failure of Martin, Wise & Fitzbugh was announced yesterday some of the depositors in the Farmers' and Merchants' bank, who knew that Mr. Martin was its president and that the bank was heavily involved, began to draw out their money. This morning the bank opened as usual and the demands of depositors for their money began. The directors had evidently prepared for the contingency last night, and at a few minutes before 10 o'clock the doors werd closed and the deed was filed immediately afterwards. A small crowd gathered about the closed door and peered through the plate glass with the idle curiosity that the human race as a whole exhibits on such occasions. A few of them were depositors, but most of them had nothing to lose. The document filed transfers to D. H. d Scott all of the property of the bank, real, personal and mixed, of whatsoever nature. kind or description, consisting of real estate, money. stocks and bonds, notes. accounts. evidences of indebtedness, and, in fact, all property of whatsoever kind or description which the bank may own for the following purposes: D. H. Scott shall take possession of all of the said property of said bank. consistn ing of real estate, money, stocks and bonds notes, accounts and evidences of debt and to shall sell said real estate, stocks, bonds and other property for cash at public or private sale as he may deem best and shal collect all notes. accounts and evidences of debt and shall out of the proceeds of such sales and collections and money or hand

15. March 24, 1897 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, March 24, 1897

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Court Matters-Business Notes. Springfield, Ill., March 23.-The Cook County Business Men's association. 400 strong, arrived from Chicago on a special train today to wage war, through the legislature, on the great department stores in Chicago. The first delegation was followed by another special train with an additional 20 business men. The Springfield Business Men's association and the Grocers' association sent committees to the trains and escorted the visitors to the state capitol, where Governor Tanner in an address promised to sign the anti-department store bill if it was constitutional in form when it reached him. The visitors crowded the house galleries, and applauded the advancement of the bill to third reading after It had been amended to apply to cities only of over 50,000 population. BUILDING AND LOAN BILL Des Moines, Ia., March 23.-The building and loan bill passed the house today and the Allen amendment, which excited Lambert's 'sensational production of Jackman's lobbyist letter, was adopted. It allows an appeal from the executive council to poll a district court on the admission of building and loan associations to do business in Iowa and prohibits officers in any building and loan association from sitting on the executive council when considering building and loan business. Auditor McCarthy, member of the council, is president of the Building and Loan association, which Jackman is connected with. The senate passed the new printing and binding bill, which will save the state fifteen to twenty thousand dollars in two years. GREATER NEW YORK CHARTER. Albany, N. Y., March 23.--The Greater New York charter bill passed the assembly by a vote of 118 to 28. It will come up in the senate tomorrow. SECOND BRICK IN THE ROW. St. Louis, March 23.-A special to the Post-Dispatch from Paris, Texas, says: The Farmers and Merchants' bank closed its doors at 10 o'clock this morning. It was one of the oldest financial institutions in the state and had a paid-up capital of $20,000. The failure of Martin, Wise & Fitzhugh yesterday caused a run on the bank which forced it 10 the wall. John Martin was president of the bank until yesterday, when he resigned. There is a decidedly panicky feeling prevailing and it feared that runs will be made on all the banks affected by the failure here and elsewhere. EVANSVILLE AND RICHMOND. Louisville, Ky., March 23.-A special from Louisville, Ky., says: The Evans. ville and Richmond railroad was sold in this city this morning under foreclosure. The sale was conducted by Sheriff J. G. Leeming at the court house door. The Farmers' Loan and Trust company of this city was the only bidder. The purchasers paid $1,413,612.80. ANTI-MAXIMUMERS Chicago, March 23.-The meeting of Kansas lines, which was adjourned on

16. March 24, 1897 Richmond Dispatch Richmond, VA

Article from Richmond Dispatch, March 24, 1897

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BANK TROUBLE IN TEXAS. Runs on Paris Institutions-Mártin, Wise & Fitzhugh Failure. PARIS, TEX., March 23.-At 10 o'clock this morning the Farmers' and Merchants' Bank, one of the oldest and, it has been thought, one of the strongest of the financial institutions in North Texas, with a paid-up capital of $200,000 and a surplus of $60,000, made an assignment to Judge D. H. Scott. This action was precipitated by the failure of the cotton firm of Martin, Wise & Fitzhugh yesterday. It was known that the firm owed the bank nfoney, depositors became alarmed, and a run began. All checks presented yesterday were promptly cashed. The bank officials foresaw that if the run was kept up the institution would be forced to the wall. An appeal to the other local banks for assistance was made, but refused. When the doors opened this morning the run was renewed, and continued until the bank was forced to close. This set people wild, and a rush was made for the City National, which was also a large creditor of Martin, Wise & Fitzhugh. A great crowd gathered in front of the building, and it became necessary for the police to clear the sidewalks. At 11 o'clock Colonel George F. Hicks, vice-president of the First National Bank, walked in and laid $100,000 on the City National's counter, and told the people to come forward and get their money. This was followed by the announcement that the bank would remain open until 6 o'clock to pay depositors. This allayed the fears of some, but many continued to withdraw their money. Apprehensions are felt for banks in neighboring towns who are involved in the failure of Martin, Wise & Fitzhugh.

17. March 24, 1897 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, March 24, 1897

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NEW YORK MINING STOCKS. Bulwer $0 15 Ontario $8 00 Cholor 80 1 10 Ophir Crown Point 18 15 Plymouth Con. Cal. & Va 1 00 1 00 Quicksilver Deadwood 1 25 10 00 do pfd 25 25 : Sierra Nevada Gould & Curry.. Hale & Norcross. 80 Standard 1 65 Homestake 29 00 20 Union Con Iron Silver 35 25 Yellow Jacket Mexican 25 BOSTON MINING SHARES. 1 Franklin Allouez Min. Co.. 11 Atlantic 21½ Kearsarge 161/2 Osceola Boston & Mont 127% 31½ Butte & Boston 105 18½ Quincy Calumet & Hecla 375 119 Tamarack Centennial Wolverine 71/4 95/8 DOORS CLOSED. ST. LOUIS, Mo., March 23.-A special from Paris, Tex., says: The Farmers' and Merchants' bank closed its doors at 10 o'clock this morning. It was one of the oldest financial institutions in the state, and had a paid-up capital of $200,000. The failure of Martin Wise & Fitzhugh yesterday caused a run on the bank, which forced it to the wall.

18. March 24, 1897 The Sun New York, NY

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PUT $100,000 DOWN. A Texas Bank Official's Effort To Stop a Run on the Institution. PARIS, Tex., March 23.-At 10 o'clock this morning the Farmers and Merchants' Bank, one of the oldest banking institutions in North Tomas, with & paid-up capital of $200,000 aud a surplus of $50,000, made an assignment to Judge D. H. Scott. This action was precipitated by the failure of the cotton firm of Martin, Wise & Fitzhugh yesterday. Depositors became alarmed and a run began. All checks presented yesterday were promptly cashed. The bank officials foresaw that if the run was kept up it would be forced to the wall. An appeal to the other local banks for assistance was made but refused. When the doors opened this morning the run was renewed and continued until the bank was forced to close. This set people wild and a rush was made for the City National, which was also a large creditor of Martin, Wise and Fitzhugh. A great crowd gathered in front of the building. and it became necessary for the police to clear the sidewalks. At 11 o'clock Col. George F. Hicks, Vice-President of the First National Bank, walked in and placed $100,000 on the City National's counter, and told the people to eome forward and get their money. This was followed by the announcement that the bank would remain open until 6 o'clock to pay depositors. This allay ed the fears of some, but many continued to withdraw their money.

19. March 26, 1897 The Bryan Daily Eagle Bryan, TX

Article from The Bryan Daily Eagle, March 26, 1897

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The Panicky Feeling Is Over, PARIS, Tex., March 25.-The panicky feeling that has pervaded Paris for the last two days, owing to the heavy failures of Martin, Wise & Fitzhugh, the Farmers and Merchants bank, the Paris Electric Light company suits and the assignment of John T. Dickson, has about passed away entirely. Business has resumed its normal condition and no more failures are anticipated.

20. March 30, 1897 Hopkinsville Kentuckian Hopkinsville, KY

Article from Hopkinsville Kentuckian, March 30, 1897

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The Farmers' and Merchants' Bank of Paris, Tex., failed Tuesday and precipitated a panic and run on the City National Bank, which withstood it to the closing hour.