21241. City National Bank (Quanah, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4361
Charter Number
4361
Start Date
December 6, 1894
Location
Quanah, Texas (34.298, -99.740)

Metadata

Model
gpt-5-mini
Short Digest
aac2bf36

Response Measures

None

Receivership Details

Depositor recovery rate
41.8%
Date receivership started
1894-12-15
Date receivership terminated
1899-06-18
OCC cause of failure
Fraud
Share of assets assessed as good
33.2%
Share of assets assessed as doubtful
40.5%
Share of assets assessed as worthless
26.4%

Description

No article describes a depositor run; articles report discovery of a $37,000 defalcation by the cashier (W. F. Brice, fugitive) (Dec 6, 1894) and the bank posted notices of suspension (Dec 12–13, 1894). A receiver was later appointed (effective 1898-02-01), indicating permanent closure/receivership.

Events (6)

1. July 9, 1890 Chartered
Source
historical_nic
2. December 6, 1894 Other
Newspaper Excerpt
Sheriff Coffer, of Hardeman county, who is here, says that W. F. Brice, cashier of the City National bank of Quanah, Hardeman county, is a defaulter in the sum of $37,000 and a fugitive. The defalcation was discovered last Monday.
Source
newspapers
3. December 12, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of a $37,000 defalcation by the cashier W. F. Brice, who fled; directors posted suspension notices and bank placed in hands of the comptroller of the currency.
Newspaper Excerpt
Last night at 10 o'clock the City National Bank of Quanah posted notices on its doors, signed by the directors, announcing a suspension.
Source
newspapers
4. December 13, 1894 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension posted by directors following discovery of cashier's defalcation; bank placed under comptroller control.
Newspaper Excerpt
The City National Bank of Quanah has posted notices on its doors, signed by the directors, announcing a suspension, and that the bank was in the hands of the comptroller of the currency.
Source
newspapers
5. December 15, 1894 Receivership
Source
historical_nic
6. February 1, 1898 Receivership
Newspaper Excerpt
The City National Bank of Quanah, Tex., Charles S. Jobes, appointed receiver in place of H. H. Kerr (resigned), to take effect February 1, 1898.
Source
newspapers

Newspaper Articles (4)

Article from The Salt Lake Herald, December 7, 1894

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Article Text

DOMESTIC DOTS, Newsy Notes From All Portions the Land Over Which the Star and Stripes Wave. New York. Dec. -Congressman-elect A. J. Campbell, of the Tenth district, died today. Philadelphia, Dec. 6.-Four hundred cloakmakers employed by Strawbridge & Clothier went on a strike today against a reduction of wages from 75 cents and $1 a garment to 50 and 75 cents Bowie, Md., Dec. 6.-The funeral of ex-Governor Odin Bowie took place today. Rev. J. J. Page, rector of Holy Trinity (Protestant Episcopal) church, conducted the services. Chicago, Dec. 6.-Rober't Houston. of Joliet. IN., was found dead in his room at the Grand Pacific hotel this morning. On the bed lay a bottle of carbolic acid. He was at one time grand treasurer of the grand council for Illinois of the American Legion of Honor. No reason for the suicide is known. Fort Worth. Texas, Dec. 6.-Sheriff Coffer. of Hardeman county, who is here. says that W. F. Brice, cashier of the City National bank of Quanah. Hardeman county, is a defaulter in the sum of $37,000 and a fugitive. The defalcation was discovered last Monday. Philadelphia, Dec. 6.-A vigorous effort will be made by leading colored men at the labor conference to be held in Denver next week to have the word "white" stricken from the constitution of the labor organization. Washington, Dec. 6.-Miss Annie Grace Lippincott. daughter of Mr. and Mrs. L. K. Lippincott. was tonight married to Herbert Hall Winslow, of New York, a well-known dramatist. Only intimate friends were present. Washington, Dec. 6.-Representative Sickles has introduced a bill appropriating $100,000 to enable the government to acquire title to the Gettysburg battlefield and transform it into a public park. Waco, Tex., Dec. For the second time tonight an attempt was made to fire the Cotton Palace and in both instances the flames were extinguished by guards before any damage was done. Waco, Texas, Dec. 6.-After twentynine days' successful run. the Waco cotton palace closed tonight with a grand ball and a concert by the Iowa State band, which leaves tomorrow for New Orleans to open an engagement at the Midwinter Fair there. Chicago, Dec. 6.-The executive committee of the National Editorial association, met this morning for the purpose of securing a place in Florida, for the holdthe JO чту the JO Sup association. No decision was reached, the matter being left to the president. coresponding secretary and treasurer of the association. New York, Dec. 16.-Secretary J. S. D. Oddie, of the New York Yacht club, has received by cable the full text of Lord Dunraven's challenge for the America's cup. He will not, however. make the terms known until they have been acted upon by the America's cup committee and its action ratified by the Yacht club. Birmingham, Ala., Dec. 6.-The state W. C. T. U. which has ust closed here decided to pay the expenses of a woman to go to Montgomery to remain during the entire session of the legislature and lobby for the passage of a general prohibition state this up 1119 Fond du Lac. Wis.. Dec. 6.-Mark Robert Harrison. the celebrated artist, died today, aged 76. In 1843 Harrison painted "The Death of Abel, which attracted much attention. Boston. Dec. 6.-The society of Friends of Armenia of this city today began to circulate a petition to the president of the United States and the czar of Russia, asking them to interfere to prevent further slaughter of Armenians by the Turks and secure reparation for the blood already shed. Milwaukee. Wis., Dec. 6.-John Molster, John and Gustave Youngquist were arrested here last night and are alleged to be responsible for the theft of $10.000 worth of harware from the John Pritzloff Hardware company in which Mayor John C. Kern is vice-president. Molster is a shipping clerk of the firm, and has, it is asserted. at the instgation of Young quist. stolen goods nightly for the pas year and a half and sold them at a iow price to the Youngqusts who are tail hardware dealers and well known business men. Goodland. Kan., Dec. 6.-The Exchang bank closed its doors today. having sush pended. and it is in the hands of the state bank commissioner. The liabilities and assets are not known. as the president, A. W. Hostetter. is out of the citv. Two-thirds of the capital of $27,000 is held by wealthy eastern people, and there seems no doubt but that the depositor will be paid in full. Guthrie, O. T., Dec. 6.-C. A. Handes the Boston man who has been in the ter ritory for the past two weeks in search of his brother Henry, who has fallen heir to $150,000, has found him near Chicknesha, T. T., where he was working for a cattle man. He had been gone from home ten years, and had during that time served as a cattle man, dish washer and barkeeper. He will immediately return to Boston. Chicago. Dec. 6.-Passengers on the Northwestern suburban train were terporized last night by twenty-five drunken United States soldiers, en routeh to Fort Sheridan. who engaiged in a great fight. Many were badly bruised and one knocked senseless. put all were able to leave the train at Fort Sheridan. New York, Dec. 6.-The auction sale of paintings owned by the late Captain William M. Connor. formerly proprietor of the St. James hotel of this city, began last night. Forty-two paintings were sold for $10,047.50. Among the principal sales were "Spring Time." "A Plot of Paris." to S. Johnson, $1.155: "Louis XVI." E. Simonetti Rome, to George Hurley, .050: "Cafe American.' Jean Bereaud Paris, to James Graham. $885: "Ludvig XIV Going to Execution," Meisel, Munich, to J. Malley F New York. Dec. 6.-At a reception recorded Morton hv the


Article from The Providence News, December 13, 1894

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Article Text

Texas Bank Closed. DALLAS, Tex., Dec. 13.-A special to The News from Quanab, Tex., says the City National Bank of Quanah has posted notices on its doors, signed by the directors, announcing a suspension, and that the bank was in the hands of the comptroller of the currency.


Article from The Representative, December 19, 1894

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Article Text

GOOD TIMES COMING. Stillwater, Dec. 12.-David Bronson, the assignee of the SchulenbergBoeckeler Lumber Company for this state, in a schedule, places the total liabilities at $925,505, and the assets in the state $146,780.33. The bulk of assets are situated in St. Louis, Mo., and other states. No estimate of the total assets is given. Quanah, Texas, Dec. 12.-Last night at 10 o'clock the City National Bank of Quanah posted notices on its doors, signed by the directors, announcing a suspension. Fertile Journal: A good span of young horses with harnesses were sold on our street Monday for $30. The same team sold two years ago for over $200. To the Editor: In looking over my chattle mortgage record, I find that I have filed more chattle mortgages in the last two years than were filed for twenty years before. I cannot imagine what the HANS LUNDE. end will be. Town Clerk of Stanchfield, Isanti Co. The building and loan society of Loveland on Long Island is the latest defaulter. The disease is spreading, and the worst of it is that all cases are not promptly reported. The Esterly Harvester Company, of Minneapolis. made an assignment on Saturday last. Slater, Mo., Dec. 17.-The Citizens' Stock bank, capitalized at $100,000, closed today and is in the hands of C. P. Storts assignee. Joseph Field, cashier of the institution, also made an assignment for the benefit of his creditors. The faiure is a bad one. One hundred and fifty clothing contractors have shut down, locking out 1,500 tailors. It is thought that this will result in other contractors shutting down until 8,000 men are thrown out of work. The object of the lockout is to force the tailors to return to the piecework system. Northwestern Farmer: A Chicago man has a contract to furnish a lot of horses for the German army, and picked up a earload of them in Iowa. Most of this lot were gray, sound as a nut, strong and shapely. In a little earlier time such horses were valued at 150, but the carload bought averaged only $65 per head. St. Joseph, Mo., 11.-The Commercial bank, of which Col. N. P. Ogden is president, went into the hand of Arthur Kirkpatrick as assignee tonight. A meeting of the directors was held late tonight, at which it was decided, in view of the recent heavy losses, to go into liquidation. The capital stock. which is $125,000, was impaired to the extent of one-half, and as the banks has been losing money from the start the step was deemed advisable. The liabilities are $270,000 assets $325,000. St. Joseph, Mo., Dec. 11.-The Commercial Bank went into the hands of Arthur Kirkpatrick tonight, he being selected as assignee. The capital is $125,000 and by late losses on loans has been impaired. The directors have decided it would be more profitable to close now than to make the deficit good. The assets are $225,000, and liabilities $270,000, principally being due depositors. Not since July, when the railroad strike was in progress, has the Minneapolis flour output run down so low as it did last week, says the Miller. Only 154,225 barrels-or 25,704 barrels daily -were ground. This week three more mills, representing 9,000 barrels daily, are down, and Wednesday. 10 in onera-


Article from The Herald, February 15, 1898

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National Bank Changes The latest bulletin of the comptroller of the currency, dated February 7, 1898, gives the following among other changes: Application to organize national bank approved-The Berrien County National bank of Benton Harbor, Michigan, capital $50,000, by H. D. Pool, Frank Welton, S. M. White et als. Voluntary liquidations-The State National bank of Logansport, Ind., by resolution of its stockholders, dated January 11, 1898. The First National bank of Pomeroy, Wash., by resolution of its stockholders, dated January 11, 1898. The First National bank of Clark, S. D., by resolution of its stockholders, dated November 1, 1897. The First National bank of Osage City, Kas., by resolution of its stockholders, to take effect February 1, 1898. Insolvent-The National Bank of Paola, Kas., was on February 1, 1898, placed in the hands of Thomas T. Kelly, receiver. The City National Bank of Quanah, Tex., Charles S. Jobes, appointed receiver in place of H. H. Kerr (resigned), to take effect February 1, 1898.