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-The police officers who assisted in keeping the'sidewalk clear during the run on the Maverick bank, were duly rewarded by Mr. Maverick.
21258. Maverick Bank (San Antonio, TX)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Start Date
- December 26, 1890
- Location
- San Antonio, Texas (29.424, -98.494)
Metadata
- Model
- gpt-5-mini
- Short Digest
d933cf29
Response Measures
Full suspension
Description
Multiple contemporaneous dispatches (Dec 26–27, 1890) state the Maverick Bank suffered a heavy run of three weeks, closed its doors, and Sam (Samuel) Maverick made an assignment of all property to an assignee (Reagan/Regas Houston). No evidence of reopening is given; later 1891 items relate to claims against the assigned estate. OCR variances in assignee name (Reagan/Regas) and slight discrepancies in reported liability totals across articles are noted.
Events (3)
1.
December 26, 1890
Receivership
- Newspaper Excerpt
- Sam Maverick ... made an assignment of all his property, real and personal, to Reagan Houston. The liabilities ... and the assets are footed at ... (schedules filed).
- Source
- newspapers
2.
December 26, 1890
Run
- Cause Details
- Prolonged heavy withdrawals (three-week run) producing illiquidity; articles do not attribute the run to a specific rumor or external bank failures.
- Measures
- No special measures described other than continued operation until forced to close; later assignment of assets to an assignee is reported.
- Newspaper Excerpt
- The Maverick Bank ... closed its doors this morning after a heavy run that has lasted three weeks.
- Source
- newspapers
3.
December 26, 1890
Suspension
- Cause Details
- Bank closed and suspended payments following the prolonged run; owner made an assignment of assets to an assignee/receiver to manage creditor claims.
- Newspaper Excerpt
- The Maverick Bank ... closed its doors this morning after a heavy run ... Sam Maverick ... made an assignment of all his property, real and personal, to Reagan Houston.
- Source
- newspapers
Newspaper Articles (15)
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CHAPTER OF ACCIDENTS. Several Persons Perish in the FlamesOther Casualties. ROCHESTER (N. Y.), December 26th.-A family by the name of Dietrich, living in the outskirts of the city, was burned out early this morning and four persons perished. The victims were Mrs. John Dietrich and her three small children, Libbie, Jacob and Louisa. Mr. Dietrich and one son escaped. The mother lost her life while trying to save her children. How the fire originated is a mystery. SARATOGA (N. Y.). December 26th.-Mrs. Ellen Gibbons, aged 80, was burned to death at home early this morning. She was addicted to smoking. TWO WORKMEN KILLED. New YORK. December 26th.-An explosion occurred this morning in the cartridge house of the American Forcible Company, at Lake Haptacong, N. J. Two workmen were killed instantly. A BUGGY ACCIDENT. WILLIMANTIC (Conn.), December 26th.George H. Green was killed and his wife fatally injured by being thrown out of a buggy." A SPECTATOR KILLED. MIFFLINGTOWN (Pa.), December 26th.During a rifle contest here yesterday a weapon in the hands of Samuel Dunn, one of the contestants, was accidentally discharged and Oscar Conrad, a spectator, was shot through the head and instantly killed. AN EXPLOSION AND DEATH. WEYAUWEGA (Wis.), December 26th.-A fire broke out in Lawler's Hall, at Fremont, early this morning, and when it reached a store which was used as a saloon, an explosion took place which blew out the front of the building and killed Orrin Eunis, who was removing goods. His body was entirely consumed. The fire also destroyed two adjoining saloons. The Westinghouse Failure. PITISBURG, December 26th.-A meeting of bankers and business men of this city, who had loaned George Westinghouse $500,000 lately, was held to-day. An Advisory Board of five was elected to act with Westinghouse in placing the half million and managing the affairs of the companies requiring the loan. In an interview one of the subscribers to the fund stated that Westinghouse was negotiating a half million loan in the East when his competitors in business presented it. The loan was merely being made to tide over the present stringency. Infringements of Patents. ST. LOUIS, December 26th.-It is announced here that the Adams Electric Railroad Company of St. Louis will soon enter a suit against the Thomson-Houston, the Sprague, the Short and other electric railway companies for infringement of patents. The suit will involve claims against the various companies, aggregating millions of dollars, and should the case be decided in the Adams Company's favor, will make that corporation the greatest electric monopoly in the world. Railroad Building. CHICAGO, December 26th.-Statistics compiled by the Railway Age show that the construction during 1890 was about 6,080 miles, as against 5,200 last year. Over two thousand miles of road under construction are in the Southern States, and over one thousand in the Southwestern States. The Northwestern States show 1,057 miles, due largely to active building operations of the Northern Pacific and the Great Northern roads. Bank Failure. Sr. LOUIS, December 26th.-A special to the Republic from San Antonio, Texas, says: The Maverick Bank of this city closed its doors this morning after a heavy run that lasted three weeks. Sam Maverick, sole owner of the bank, made an assignment of all his property, real and personal, to Reagan Houston. The liabilities, according to the schedule, amount to $844,164, and the assets are footed at $1, 789,915. California Products. NEW YORK, December 26:h.-About 500 cases of California honey have been sold the past few days at 7@7tc for Light Amber and 62c for Amber spot. There were sales in moderate quantities of California f prunes, 40's@50's at 13c ex-store, reported to-day. "Indian Doctor" Dead. KIRKWOOD (III). December 26th.-Dr. e James Gilfillan. widely known as the "Indian Doctor," died to-day.
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Maverick Bank, of San Antonio, Tex., Closed by a Run. WESTINGHOUSE SHORT OF CASH. Largest Retail Dry Goods House in Iowa Goes to the Wall. Assignments in Various Eastern Cities "Bradstreet's" Reports Money Much Easier, and January Settlements Will Be Met-No Speculation in Stocks. 1 CHATTANOOGA, Tenn., Dec. 26.-The Hugh Lumoer Company assigned today, with liabilities of $174,000; assets, $320,000. D. W. Hugh, president of the company, has made a personal assignment, with liabilities of $67,000 and assets of $475,000. DETROIT, Mich., Dec. 26.-The stringent money market has caused the temporary embarrassment of E. W. Leech & Co., extensive lumber dealers. The creditors do not appear to fear the approaching assignment, one stating that the firm's affairs are in excellent condition. ST. LOUIS, Mo., Dec. 26.-A special to the Republic from San Antonio, Tex., says: The Maverick bank of this city closed its doors this morning, after a heavy run that had lasted three weeks. Sam Maverick, sole owner of the bank, has made an assignment of his property, real and personal, to Regas Houston. The liabilities, according to the schedule, amount to $844,164, and the assets foot up $1,789,615. PITTSBURG, Dec. 26.-A meeting of bankers and business men of this city who had loaned George Westinghouse $500,000 lately was held today, and an advisory board of five was elected to act with Westinghouse in placing the $500,000 and managing the affairs of the compani-s requiring the loan. In an interview one of the subscribers to the fund stated that Westinghouse was negotiating a $1,000,000 loan in the East when his competitors in business prevented it. The loan was merely being made to tide over the present stringency. SALT LAKE, Dec. 26.-S. Keiner, a merchant of this city, assigned today with liabilities of $48,000, and assets about the same. NEW YORK, Dec. 26.-William H. Sandifer, dealer in diamonds and fine jewelry, assigned today. Sandifer's assets are $25,000 or $30,000. The liabilities are not at present known. WOONSOCKET, S. D., Dec. 26.-The Sanborn County bank, run by Leon L. Stevens, was closed this morning. The county treasurer had $8,000 of the county's money in the bank, and a number of merchants were also caught. There was no run on the bank. and the reason given for the suspension was poor business and slow collections. Stevens is city treasurer and secretary of the Republican county committee. NEW YORK, Dec. 26.-Rob rts, Cushman & Co., dealers in hatters' materials, who ecently assigned, filed schedules today stating that the liabilities were $4.660 nominal assets, $705,000, and total assets, $437,000. DEDHAM, Mass., Dec. 26.-Walter Potter, broker and trader, has been declared insolvent. COUNCIL BLUFFS, Ia., Dec. 26.-Simon Eisman, of the firm of Henry Eisman & Co., dry goods merchants, who assigned yesterday, estimate the liabilities of the firm at $200,000, and the assets at $300,000. The failure was a great surprise, as the firm was the largest and oldest retail dry goods house in Iowa. In addition to their house here they operated branch houses in Omaha and Missouri Valley Junction, Iowa. These were included in the assignment, as is also the entire real and personal property of the firm. The failure is attributed to the stringency of the money market and light trade.
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A Texas Bank Suspends. (By telegraph to the Dispatch.] SAN ANTONIO, TEX., December 26.-The Maverick Bank, of this city, closed its doors to-day after a heavy run that has lasted three weeks. Sam. Maverick, the sole owner of the bank and its business, made an assignment of all his property, real and personal, to Reagan Houston. The liabilities amount to $44,000. and the assets are footed at $1,790,000.
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A SAN ANTONIO BANK CLOSED. The Action Necessitated by a Run that Lasted Three Weeks. SAN ANTONIO, TEX., Dec. 26.-The - Maverick Bank of this city closed its doors this morning after a heavy run that has lasted three weeks. Sam Maverick, the sole owner of the bank and its business, made an assignment of all of his property, real and personal, to Reagan Houston. The liabilities, according to the schedule filed in cours, amount to $440,000, and the assets are footed up at $1,790,000.
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Failure of the Maveriek Bank. SAN ANTONIO, Texas.-The Maverick bank of this city closed its doors this morning after a heavy run that lasted three weeks. Sam Maverick, sule owner of the bank and its business, assigned all of his property, real and personal, to Reagan Houston. The liabilities according to the schedule filed in court amount to $844,164 and the assets are footed at $1,789,915.
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The San Antonio Maverick Bank Closed. ST. LOUIS, Dec. 26.-A special to the Republic from San Antonio, Texas, says: The Maverick bank of this city closed its doors this morning, after a heavy run that lasted three weeks. Sam Maverick, sole owner of the bank, made an assignment of all his property, real and personal, to Reagan Houston. Liabilities, vaccording to the schedule, amount to $844,164, and the assets footed at $1,789,915.
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A TEXAS BANK FAILURE. The Maverick Bank of San Antonio Makes an Assignment. SAN ANTONIO, TEX., Dec. 26.-The Maverick Bank, of this city, closed its doors this morning after a heavy run that has lasted three weeks. Sam Maverick, sole owner of the bank and its business, made an assignment of all his property, real and personal. to Reagan Houston. The liabilities, according to the schedule filed in court, amount to $844,164. and the assets are footed at $1,789,915.
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THE SAN ANTONIO FAILURE. The Bank Suspension is Only Temporary, but is Depressing. SAN ANTONIO, Dec. 27.-As stated briefly in these dispatches last night, the Maverick Bank, of this city, was compelled to close its doors yesterday after a run of three weeks' duration, with liabilities of $884,164 and assets of $1,789,915, as shown by the schedules of assignment. The assets, while more than double the amount of the liabilities, consist largely of real estate and other securities, which cannot be realized on immediately without a sacrifice, and the policy of the assignee will be to avoid sacrificing the interests of the creditors by hasty action. The suspension of this bank, the first in the history of the city, has had a somewhat depressing influence on local trade, but it is regarded as only temporary, Thus far there has been no run on any of the other banks consequent upon the Maverick suspension, and none is anticipated. The Alamo brewery, Maverick printing house, San Antonio Paint Company and Alamo Insurance Company, in all of which Mr. Maverick has large interests, are not affected by the bank's closing, and are being conducted uninterruptedly.
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The Maverick Bank's Assets. SAN ANTONIO, Tex., Dec. 27.-The assets of the Maverick bank which closed yesterday, while more than double the amount of liabilities, consist largely of real estate and other securities which cannot be realized on immediately without a sacrifice and the policy of the assignee will be to avoid sacrificing the interests of creditors by hasty action. The suspension of this bank, the first in the history of the city, has had a somewhat depressing influence in local trade but it is regarded as only temporary. Thus far there has been no run on any other banks consequent upon the Maverick suspension and none is anticipated.
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loaded and upset. throwing ten men down a forty-foot embankment. Five were hurt. two fatally. FIRE destroyed the Masonic Temple at Baltimore. causing a loss of $350,000. AT Viroqua, Wis., fire destroyed a block of business buildings, causing a loss of $150,000. JOHN and Peter Kane, noted desperadoes, were shot dead by Marshal Booth while resisting arrest at Hinckley, Minn. FRANK E. DICKINSON, of Dubuque, Ia., and Minnie Brundage, of Long Island, N. Y., medical students in the State University at Ann Arbor, Mich., were drowned while skating. THE marriage of a boy of 17 and a girl of 13 took place at Columbia, Mo., and the wedding presents included a doll and a wooden gun. SAMUEL MICKLES shot and killed his daughter, fatally wounded his wife and then took his own life in St. Louis. Despondency in business was the cause. EISEMAN & Co., dry-goods dealers at Council Bluffs, Ia., failed for $300,000; assets, $350,000. THE first Legislature of Oklahoma adjourned after passing a complete code of laws. THE house of Samuel Malone, an old soldier, at Holden, Mo., was burned, Malone and his brother-in-law, John Hicks, perishing in the flames. FIRE at San Augustine, Tex., destroyed two hotels, half a dozen stores and many houses. THE death of Pedro Antonio Lopez, aged 115 years, occurred at his home near Santa Fe, N. M. FIVE negroes, arrested for the murder of Dr. E. H. Riggan, were taken from jail at Mecklenburg, Va., and lynched. CLAUDE McCARTY and John Mahar, aged 12 and 13 years, were drowned while skating at Muskegon, Mich. THE doors of the Maverick Bank of San Antonio, Tex., were closed after a run lasting three weeks. The liabilities were said to be $844,161 and the assets $1,789,915. IN Ottawa, Kan., Mr. and Mrs. J. W. Strong had on Christmas bidden guests to celebrate the fifty-first anniversary of their marriage. but in the morning Mr. Strong expired suddenly, and a few hours later his wife passed away in a similar manner. FLAMES destroyed the Edisto phosphate and fertilizing works at Charleston, S.C. Loss, $200,000. IN the streets of Chicago Dr. H. A. Kelso, of Paxton, Ill., was robbed of $5,000 in money and a watch worth $200. W. J. KITTRELL, chief of police at Gainesville, Ga., was shot dead by John Pruitt. a negro desperado; and Pruitt was killed by another officer. THE death of Mrs. Sidney Ann Wilhite (colored) occurred at Sedalia, Mo., at the age of 106 years. She weighed 250 e pounds and had been totally blind for several years. JOHN OLIVER and Ed Gallagher engaged in a dispute over a girl at Center Furnace, O., and both were killed.
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loaded and upset, throwing ten men down a forty-foot embankment. Five were hurt, two fatally. FIRE destroyed the Masonic Templeat Baltimore, causing a loss of $350,000. AT Viroqua, Wis., fire destroyed a block of business buildings, causing a loss of $150,000. JOHN and Peter Kane, noted desperadoes, were shot dead by Marshal Booth while resisting arrest at Hinckley, Minn. FRANK E. DICKINSON, of Dubuque, Ia., and Minnie Brundage, of Long Island, N. Y., medical students in the State University at Ann Arbor, Mich., were drowned while skating. THE marriage of a boy of 17 and a girl of 13 took place at Columbia, Mo., and the wedding presents included a doll and a wooden gun. SAMUEL MICKLES shot and killed his daughter, fatally wounded his wife and then took his own life in St. Louis. Despondency in business was the cause. EISEMAN & Co., dry-goods dealers at Council Bluffs, Ia., failed for $300,000; assets, $350,000. THE first Legislature of Oklahoma adjourned after passing a complete code of laws. THE house of Samuel Malone, an old soldier, at Holden, Mo., was burned, Malone and his brother-in-law, John Hicks, perishing in the flames. FIRE at San Augustine, Tex., destroyed two hotels, half a dozen stores and many houses. THE death of Pedro Antonio Lopez, aged 115 years, occurred at his home near Santa Fe, N. M. FIVE negroes, arrested for the murder of Dr. E. H. Riggan, were taken from jail at Mecklenburg, Va., and lynched. CLAUDE McCARTY and John Mahar, aged 12 and 13 years, were drowned while skating at Muskegon, Mich. THE doors of the Maverick Bank of San Antonio, Tex., were closed after a run lasting three weeks. The liabilities were said to be $844,161 and the assets $1,789,915. IN Ottawa, Kan., Mr. and Mrs. J. W. Strong had on Christmas bidden guests to celebrate the fifty-first anniversary of their marriage, but in the morning Mr. Strong expired suddenly, and a few hours later his wife passed away in a similar manner. FLAMES destroyed the Edisto phosphate and fertilizing works at Charleston, S. C. Loss, $200,000. IN the streets of Chicago Dr. H. A. Kelso, of Paxton, Ill., was robbed of $5,000 in money and a watch worth $200. W. J. KITTRELL, chief of police at Gainesville, Ga., was shot dead by John Pruitt. a negro desperado, and Pruitt was killed by another officer. THE death of Mrs. Sidney Ann Wilhite (colored) occurred at Sedalia, Mo., at the age of 106 years. She weighed 250 pounds and had been totally blind for several years. JOHN OLIVER and Ed Gallagher engaged in a dispute over a girl at Center Furnace, O., and both were killed.
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were hurt, two fatally. IN Clay County, Ky., Robert Gregory, a merchant. was assassinated by the 15-year-old son of Thomas Woods, who had been killed by Gregory. AT Viroqua, Wis., fire destroyed a block of business buildings, causing a loss of $150,000. JOHN and Peter Kane, noted desperadoes, were shot dead by Marshal Booth while resisting arrest at Hinckley, Minn. FRANK E. DICKINSON, of Dubuque, Ia., and Minnie Brundage, of Long Island, N. Y., medical students in the State University at Ann Arbor, Mich., were drowned while skating. THE marriage of a boy of 17 and a girl of 13 took place at Columbia, Mo., and the wedding presents included a doll and a wooden gun. SAMUEL MICKLES shot and killed his daughter, fatally W unded his wife and then took his own life in St. Louis. Despondency in business was the cause. EISEMAN & Co., dry-goods dealers at Council Bluffs, Ia., failed for $300,000; assets, $350,000. THE first Legislature of Oklahoma adjourned after passing a complete code of laws. THE house of Samuel Malone, an old soldier, at Holden, Mo., was burned, Malone and his brother-in-law, John Hicks, perishing in the flames. FIRE at San Augustine, Tex., destroyed two hotels, half a dozen stores and many houses. THE death of Pedro Antonio Lopez, aged 115 years, occurred at his home near Santa Fe, N. M. FIVE negroes, arrested for the murder of Dr. E. H. Riggan, were taken from jail at Mecklenburg, Va., and lynched. CLAUDE MCCARTY and John Mahar, ared 12 and 13 years, were drowned while skating at Muskegon, Mich. THE doors of the Maverick Bank of San Antonio, Tex., were closed after a run lasting three weeks. The liabilities were said to be $844,161 and the assets $1,789,915. IN Ottawa, Kan., Mr. and Mrs. J. W. Strong had on Christmas bidden guests to celebrate the fifty-first anniversary of their marriage. but in the morning Mr. Strong expired suddenly, and a few hours later his wife passed away in a similar manner. FLAMES destroyed the Edisto phosphate and fertilizing works at Charleston, S. C. Loss, $200,000. IN the streets of Chicago Dr. H. A. Kelso, of Paxton, III., was robbed of 35,000 in money and a watch worth $200. W. J. KITTRELL, chief of police at Gainesville, Ga., was shot dead by Jo in Pruitt, a negro desperado, and Pruitt was killed by another officer. THE death of Mrs. Sidney Ann Wilhite (colored) occurred at Sedalia, Mo., at the age of 106 years. She weighed 250 pounds and had been totally blind for several years. JOHN OLIVER and Ed Gallagher engaged in a dispute over a girl at Center Furnace, O., and both were killed. THE death of M. A. Dauphin, president of the Louisiana State Lottery Company, occurred at his house in New Orleans of pneumonia, aged 53 years. CARL REHER, a farmer at Carlisle, Minn., in a fit of anger killed his wife and son and fatally wounded his daughter and then took his own life. FIRE destroyed the freight depot of the Little Miami railroad at Cincinnati, causing a loss of $150,000. A BOILER explosion wrecked seven iwelling houses at Cincinnati, killing a :hild and a woman and severely injuring five other persons. FLAMES ruined the Bijou Theater in Minneapolis, Minn. THE six-day go-as-you please contest n St. Louis was won by Herty, who nade 518 miles and rece ved about $1,000. HUNTER & WEST, bankers at Greeley, Col., failed for $100,000, and the City National Bank at Hastings, Neb., closed its doors. THE oldest man in Ohio. William Roach, died in Cleveland at the age of 104 years and 10 months. AT Columbia, Tenn., a fire destroyed twenty buildings. ON the 27th Big Foot and his band of hostiles were captured by the Seventh Cavalry under Captain Whitesides. The seizure was made on Porcupine creek in South Dakota without a conflict. All the other Indians in the Bad Lands had decided d and the probabili-
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SHORT STOPS. What the People are Saying The Bastile celebration was a great success in our city. By clever management,-the appearance of a quarrel-the elite were relieved of those who refuse to don dress suits. The Mexicans and Italians and French workingmen were marching to the Springs, while the fashionable and toney crowd had a swell ball and banquet at Mission Garden. * * * Our adroit county clerk and able city treasurer, after doing a full day's work with the common people at the Springs, managed to slip away and don dress suits and appear as prominent figures at Mission Garden. It's a cool day in July when a ring politician gets left. * * * The Bastile was a sort of political prison, where the kingly tyrants of the French people put their enemies away. Now, for instance, if we had a city Bastile, how easy it would be to dispose of people who criticise the city government. It would not be necessary to knock them down-the simple touch on the shoulder by a policeman, would settle the business. # * * An old Italian claims that it was the celebration of the"Fall of Rome" that gave the idea to the French colony of our city to celebrate the Fall of the Bastile. At any rate it is a glorious tribute to the French people whose hatred of monarchy has educated the world in favor of a republican form of government. * * * The countrymen of Lafayette can well claim brotherhood with the countrymen of Washington; and any day that marks an era in the history of popular government in France finds sympathy in the heart of every true American. * * Business is reaching the low-water, mid-summer mark. Look in at the store show windows and you will be astonished at the bargains offered. * * * But there is still another cause than the high range of the thermometer for business stagnation. There is money enough but it don't circulate. Its only bad, or moderately bad, people that are reckless with their money; the good people don't drink beer, rideabout on Sunday or gamble; hence they are poor money circulators. * * * And there is the McKinley bill that has not made the price of dry goods or other goods go up. The people are chewing the end of reflection. * * The run on the Maverick bank for the 10 per cent payment to depositors, reopens one of the sorest misfortunes that ever betel our people. * * Indignant people who had put their all in the bank, find little comfort if their accounts have not been filed with the receivers. * * * Ten per cent is not much better than putting a drop of water on a d
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TO THE CREDITORS OF THE MAVERICK BANK. SAN ANTONIO, Tex., Oct. 19, 1891.-It appearing that about four hundred and fifty creditors of the Maverick bank, representing an aggregate indebtedness of about sixty thousand dollars ($60,000). neglected to file their several claims against the assigned estate of Sam Maverick within the time prescribed by law, and are therefore denied participation in the assigned estate, and understanding that such neglect to file was in most instances caused by oversight or ignorance of the law, and desiring to see those creditors protected equally with the others who filed their claims, and having faith in the assigned estate of Sam Maverick ultimately pay ing the debts in full, with a surplus sufficient to reimburse us; therefore we, the undersigned, will pay to the creditors of the bank who have failed to file their claims, when the amount due shall be certified from the books of the bank by the custodian thereof, and approved by us, the same percentages as have been and may be hereafter paid by the assignee on the filed claims; that IS, immediate. ly on such claims being certified, approved and accepted by us as just claims against the Maverick bank, we will pay a percentage thereon equal to the percentage that may have been at the time of such transfer, paid by the assignee upon claims duly filed against the assigned estate. and we will pay thereafter on such claims additional percentages equal to percentages thereafter paid by the assignee on filed claims. We reserve the right to reject any claims not considered by us to be just. We will hold the claims so transferred to us under this proposition, not as charges or claims against the assigned estate, and they shall only be repaid to us from such estate after it shall have paid in full the creditors who filed their claims. Creditors desiring to accept this proposition must present their claims to Albert Maverick, at his office, during the sixty days from November 12, 1891, to January 10, 1892, inclusive, and must be prepared to assign to us their claims, taking our obligations to carry out the terms of this proposition. Therefore take notice that claims not presented on or before January 10, 1892, will not be considered by us. GEORGE M. MAVERICK, W. H. MAVERICK, MARY A. MAVERICK, 10-19 2-wks wk 2t ALBERT MAVERICK,