21261. Maverick bank (San Antonio, TX)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
December 20, 1890
Location
San Antonio, Texas (29.424, -98.494)

Metadata

Model
gpt-5-mini
Short Digest
3d8b607c

Response Measures

Accommodated withdrawals, Public signal of financial health, Full suspension

Description

Contemporary reports describe an unprecedented heavy run (peaked about Dec 20, 1890) that lasted ~three weeks and culminated in the bank closing its doors and the sole owner Sam Maverick making an assignment of his property (Dec 26, 1890). The bank was a sole proprietorship (Sam Maverick), so classified as private. Multiple pieces report closure, assignment to an assignee (Reagan/Regan Houston). Dates taken from newspaper reports (Dec 20 run peak; Dec 26 closure/assignment).

Events (3)

1. December 20, 1890 Run
Cause Details
Heavy depositor withdrawals over a period of about three weeks; newspapers describe general run/nervousness rather than a discrete rumor or correspondent failure.
Measures
Other local banks and prominent citizens injected funds and offered pro rata advances; public speeches and assurances given; bank remained open briefly after assistance.
Newspaper Excerpt
they tendered to Mr. Maverick ... congratulated him upon his success in meeting the unprecedented run of Saturday
Source
newspapers
2. December 26, 1890 Receivership
Newspaper Excerpt
Sam Maverick... made an assignment of all his property, real and personal, to Reagan Houston (assignee). Liabilities ... assets ... footed at ... .
Source
newspapers
3. December 26, 1890 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Run exhausted liquidity and led the sole owner to close the bank and make an assignment; articles note assets largely real estate and illiquid, prompting suspension/closure.
Newspaper Excerpt
The Maverick bank of this city closed its doors this morning after a heavy run that lasted three weeks.
Source
newspapers

Newspaper Articles (19)

Article from San Antonio Daily Light, December 22, 1890

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THE FLURRY OVER. So a Meeting of the Bankers Decided Last Night. The bankers of San Antonio met last evening at Colonel Wright's for the purpose of ascertaining the condition of the Maverick bank, and found its affairs in such a condition as to give no uneasiness to depositors. They tendered to Mr. Maverick their full sympathy and congratulated him upon his success in meeting the unprecedented run of Saturday without material aid from the other banks of the city, and assured him that they are ready to furnish him all the aid necessary in the event of a continuance of demands upon him today. It was believed. however, that confidence had already been restored. The large amount of property owned by Mr. Maverick and liable for all demands against him makes the small amonnt of deposits remaining in the bank at this time seem insignificant and all fears on the part of depositors entirely groundless. The following banks were represented at the meeting: Thornton, Wright & Co., the Lockwood National, D. Sullivan & Co., T. C. Frost, F. Groos & Co., the San Antonio National and the Texas National.


Article from San Antonio Daily Light, December 23, 1890

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THE Maverick bank puts out the stars and stripes and floats the national banner at its mast-head. The run is over. The public settle down confident to know that as it was in the beginning, so it is now, "no bank failures in San Antonio.


Article from The Helena Independent, December 27, 1890

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A Texan Bank Fails. ST. LOUIS, Dec. 26.-A special to the Republic from San Antonio, Texas, says the Maverick bank of that 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 property, real and personal, to Reagan Houston. The liabilities, according to the schedule, amount ty $844,164, and the assets are footed at $1,789,915.


Article from Los Angeles Herald, December 27, 1890

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FINANCIAL MATTERS. GEORGE WESTINGHOUSE TIDED OVER A DIFFICULTY. A Big Bank Failure in Texas and Another in South Dakota-A Number of Mercantile Firms Embarrassed. PITTSBURG, Dec. 26.-A meeting of bankers and business men of this city, who had loaned George Westinghouse $500,000 lately, was held today. An advisory board of five was elected to act with Westinghouse in placing the half million and in arranging the affairs of the companies requiring a 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 prevented it. The loan was merely being made to tideover the present stringency. A SAN ANTONIO BANK CLOSED. Sr. LOUIS, Dec. 26.-A special to the Republican from San Antonio, Texas, says: The Maverick bank of this city closed doors this morning, after a heavy run that lasted three weeks. Sam Maverick, the sole owner of the bank, made an assignment of all his property, real and personal, to Reagan Houston. His liabilities amount to $866,164, and his assets are footed at $1,789,915. THE COUNCIL BLUFFS FAILURE. COUNCIL BLUFFS, Ia., Dec. 26.-Simon Eiseman, of the firm of Henry Eiseman & Co., the dry goods merchants who consigned yesterday, estimates the liabilities of the firm at $200,000; assets, $300,000. The failure was a surwas and oldest in Iowa. prise, as retail the dry firm goods the house largest great In addition to their house here, they operate branch houses in Omaha and in Missouri valley. These are included in the assignment, as are also the entire real and personal property of the firm. The failure is attributed to the stringency of the money market and light trade. BANK FAILURE IN DAKOTA. WOONSOCKET, S. D., Dec. 26.-The Sandborne county bank, run by Leon Stevens, closed this morning. The county treasurer had $8000 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 reasons given for the suspension are poor business and slow collections. Stevens is city treasurer and secretary of the Republican county committee. A DIAMOND DEALER ASSIGNS. NEW YORK, Dec. 26.-William H. Sandifer, dealer in diamonds and fine jewelry, assigned today. Sandifer's assets are $25,000 or $30,000 liabilities not at present known. ROBERTS, CUSHMAN & CO. NEW YORK, Dec. 26.-Roberts, Cushman & Co., the dealers in hatters' materials, who assigned, filed schedules today, stating their liabilities at $456,000 nominal assets, $75,000, and the actual assets, $437,000. A SALT LAKE CITY FAILURE. SALT LAKE, Utah, Dec. 26.-Kellner, a merchant of this city, assigned today. Liabilities, $48,000; assets about the same. AN INSOLVENT BROKER. DEDHAM, Mase., Dec. 26.-Walter Potter, broker and trader, of Boston, has been declared insolvent. A LUMBER FIRM EMBARRASSED. DETROIT, Dec. 26.-The stringency of the money market has caused the temporary embarrassment of E. W. Leech & Co., extensive lumber dealers. The creditors do not appear to fear an an proaching assignment, one of them stating that the firm's affairs are in excellent condition. ART DEALERS ASSIGN. SEATTLE, Wash., Dec. 26.-Balke, Cole & Co., art dealars, assigned today for the benefit of their creditors. Liabilities, $7500; assets, $10,000. An attachment for $2400 precipitated the assignment. A LUMBER COMPANY ASSIGNS. CHATTANOOGA, Tenn., Dec. 26.-The Hughes Lumber company has assigned, with liabilities $174,000, and assets $320,000. D. W. Hughes, president of the company, also made a personal assignment, with liabilities $67,000, and assets $47,500.


Article from The Cheyenne Daily Leader, December 27, 1890

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FINANCIAL FAILURES. Banks and Other Business Houses Close Their Doors. Lee S. Kellner Fails for $48,000 in Salt Lake City. Eiseman & Co., Council Bluffs and Omaha, Assign. Business Troubles. SALT LAKE, Dec. 26.-S. Kellner, a dry goods merchant of this city. Assigned today. Liabilities, $48,000; assets about the same. NEW YORK, Dec. 26.-William H. Sandifer, dealer in diamonds and fine jewelry, assigned today. COUNOIL BLUFFS, Ia, Dec. 26.-Simon Eiseman of the firm of Eiseman & Co., the dry goods merchant who assigned yesterday, estimates the liabilities of the firm at $200,000, assets $300,000. The failure was a surprise, as the firm is the largest and oldest retail dry goods house in Iowa. In addition to their house here they operate branch houses 10 Omaha and in Missouri Valley. These are 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. DEMHAM, Mass, Dec. 26.-Walter Potter, a broker and trader of Boston, has been declared insolvent. WOONSOCKET, S. D., Dec. 26.-The Sanborn County bank, run by Leon L. Stevens, 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 reasons given for saspension are poer business and slow collections. Stevens 18 city treasurer and secretary of the Republican county committee. NEW York, Dec. 26.-Roberts, Cushman & Co., dealers in hatters' materials, filed schedules today stating their liabilities to be $456,000, nominal assets $750,000 and actual assets $437,000. ST. LOUIS, Dec. 26.-A special to the Republic from San Antonio says: The Maverick bank of this city closed its doors this morning after & heavy run that lasted three weeks, Sam Maverick. the 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 footed up $1,789,915.


Article from Wheeling Register, December 27, 1890

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Maveriek Closes. SAN ANTONIO, Tex., December 26.The Maverick bank of this city closed its doors this morning after a heavy run that lasted three weeks. Sam Mayerick, sole owner of the bank and its business, made an assignment of all his property, real and persoral, to Regan Houston. The liabilities, according to the schedule filed in a court, amount to $844,166 and assets are footed at $1,789,915.


Article from San Antonio Daily Light, December 27, 1890

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THE St. Louis Globe Democrat places the amount of money paid in to the Maverick bank on the day of the big run at $300,000. It is a poor newspaper correspondent who can not double figures. Perhaps $300,000 reads better than $152,000. All the same the deposits were there, and $300,000 could have been had if need-ed.


Article from St. Paul Daily Globe, December 27, 1890

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After a Three Weeks' Run. SAN ANTONIO, Tex., Dec. 26.-The Maverick bank, of this city, closed its doors this morning after a heavy run that has lafted 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.


Article from The Helena Independent, December 28, 1890

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Assets of the Maverick Bank. SAN ANTONIO, Tex., Dec. 27.-The assets of the Maverick bank, which closed yesterday, while more than double the amount of he liabilities, consist largely of real estate and other securities which cannot be realized on immediately without 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 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 are anticipated.


Article from The Seattle Post-Intelligencer, December 28, 1890

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THE BUSINESS SITUATI ON. More Failures Reported-Chicago Real Estate Firm Wrecked. MONTREAL, Dec. 27.-Lamimace Freres have failed, with liabilities of $83,000. GREELEY, Col., Dec. 27.-The banking firm of Hunter & West has made an assignment. The liabilities aggregate nearly $100,000 and the assets about $140,000. They expect to resume if extensions: granted. LANCASTER, Pa., Dec. 27.-The Fishing Creek Lumber Company assigned today. The assets are believed to exceed the liabilities. TACOMA, Dec. 27.-[Special.]-Dr. Charles E. Case today assigned to J.E. Christie. Assets, $1,938; liabilities, $2,336. The property consists principally of accounts. Phil Neis & Co. today tiled an attachment of $8,000 on property and lands belonging to John Robinson, in Brooklyn. Anna B. Keeble today began suit in the superior court for dissolution of partnership with F. F. Keeble in the Hamman Turkish Bath Company, which was started only a few days ago. J. B. Bridges was appointed receiver. CHICAGO, Dec. 77-According to charges made in court today Stanley, Winston & Co., a real estate corporation, has been wrecked by the stock speculation of President P. E. Stanley. Bertram Winston, treasurer, today applied for the appointment of a receiver for the concern, and that the affairs of the corporation be wound up. Stanley is charged with misappropriating $70,000. C. M. Walker was appointed receiver. Winston says he discovered a few days ago that Stanley had misapplied $70,000, and that most of it had gone in wild and reckless speculation on the Chicago stock exchange. The wrecked corporation was organized last fall, succeeding the old firm of P. E. Stanley & Co. Prior to the organization of the new company Stanley was engaged in conndential business with certain customers, and a considerable portion of his private business was never merged into the business of the firm. Among the transactions which the Winstons claim were put through by Stanley in his individual capacity were deals with L. H. McCormack and J. F. Keeney, involving respectively, $45,000 and $125,000. After Stanley became convinced of his liability to criminal prosecution he give it out that the corporation was liable to McCormack, Keeney and others for moneys entrusted to and misappropriated by him. Winston's bill said McCormack threatened to bring suit against the corporation, and asked the court to injoin him and others from settling. The court took no action on the point today, and McCormack filed suit against the company for $50,000 damages. The assets, according to Winston, are sufficient to meet all obligations, and the value of securities held by the banks exceed the amount of the indebtedness by $10,000. SAN ANTONIO, Tex., Dec. 27. - The assets of the Maverick bank, which closed yesterday, while more than double the amount of the liabilities, consist largely of real estate and other securities, which cannot be realized on immediately without 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 on local trade, but is regarded as only temporary. Thus far there has been no run on any other banks consequent upon the Maverick suspension, and noneis anticipated. SAN FRANCJSCO, Dec. 27.-Bradstreet's mercantile agency reports twenty-one failures in the Pacific coast states and territories for the week ending the 26th inst., as compared with twenty-live for the previous week and seventeen for the corresponding week of 1889. HELENA, Dec. 27.-[Special.]-The store of E.S. Whitehead, dealer in furniture and household goods, was closed by the sheriff today. The liabilities are about $20,000; assets estimated at the about the same amount.


Article from The Anaconda Standard, December 28, 1890

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SAM MAVERICK'S BANK. Its Affairs Are In Not Such Bad Shape After All. SAN ANTONIO, Tex. Dec. 27.-The assets of the Maverick bank, which closed yesterday, while more than double the amount of the liabilities, consist largely of real estate and other securities which cannot be realized on immediately without 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 have been no runs on any of the other banks, consequent upon the Mayer ick suspension.


Article from Wood County Reporter, January 1, 1891

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EXTENDING TO THE SOUTH. A Texas Bank Makes an Assignment With Fair Assets. ST. LOUIS. Dec. 26.-A special to the Republican from San Antonio, Tex., says: The Maverick bank in 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 the property, real and personal, to Rogan Houston. The liabilities, according to the schedule. amount to $844,164 and the assets to $1,789,915.


Article from Iowa County Democrat, January 2, 1891

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LATEST NEWS CONDENSED. GENERAL NOTES. GEN. F. E. SPINNER is dying of cancer at Jacksonville, Fla. ONE case of lupus is reported to have been cured at New York by the use of Kock's lymph. INDIANS at Fort Berthold, N. D., have started the "ghost dance and Indian Agent Murphy has requested military protection. A SUPPOSED male patient in the city hospital at Memphis was discovered to be Katie Frank, an 18-year-olà girl of Owensburg, Ky. REV. C. H. SPURGEON writes from the south of France that he believes he is slowly but surely recovering his health. A SOLID gold nugget weighing seventy ounces has been found on a farm in Mahaska county, Iowa. SAM MAVERICK and the Maverick bank at San Antonio, Texas, have assigned with liabilities of $844,164 and assets $1,789,915. AT the sale of the late August Belmont's racing stable Saturday, the colt Potomac was bought by Michael F. Dwyer for $25.000. THE St. Paul company sent a special engine and coach to Mineral Point to convey the sister of Jesse Fitch, the brakeman recently killed near Monroe, to his funeral which took place at the latter town. SUIT has been begun at West Superior, Wis.. to test the title of James L Srinson, the Chicago millionaire, to fourteen quarter sections of land within the city limits. NEW YORK custom officials have seized Fanny Davenport's "Cleopatra" wardrobe on the claim that it was imported without the payment of duties. A MYSTERIOUS disease, of which every attack proves fatal, is prevalent at Fairfield, Tex., and the governor has been appealed to for aid. JUDGE WALLACE, of San Francisco, was fined $10 for contempt by the supreme court of California for acting in a case in which an appeal was pending. THE trust controlling the African diamond mines have resolved to reduce the product from 4.000,000 to 2,000,000 of carats per annum, and raw diamonds have risen 100 per cent. in consequence. THE Mormon church has bought 3,000,000 acres of land in the northern part of Mexico, and the headquarters of the establishment will be removed thither.


Article from The Iola Register, January 2, 1891

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Two small children of Victor Rodgers. of Jesseville, Mich., were burned to death while alone in their home the other day. AT a Christmas entertainment at a church at Nabb'sstation near Jeffersonville, Ind., Joseph Taftinger and Bud Robinson were probably fatally wounded. The fight sprang up in the rear of the room while the programme of the Sunday school was being carried out. FRANK E. DICKINSON and Minnie Brundage fell through the ice while skating on a mill pond near Ann Arbor, Mich. Both were students at the Michigan University. AT East Chicago, Ind., Christmas morning, while a masquerade party was in full blast at the Tod Opera House, a fire broke out, creating a terrible panic. Fortunately no one was seriously hurt. THE large dry goods firm of Henry R. Heman & Co., Council Bluffs, Iowa, has suspended. The assets are reported at $300,000; liabilities, $200,000. THE wife of General Fremont was presented with a Christmas gift in the shape of the lovely cottage in which she lives, as a token of affection from a number of women of California, headed by Mrs. Senator Hearst, who raised $10,000 purchase money. LINDEMANN'S building with other property at Viroqua, Wis., was consumed by fire, involving a loss of $150,000; insurance only $16,000. THE Sanborn County Bank at Woonsocket, S. D., has suspended because of poor business. Leon L. Stevens, the city treasurer, was the owner. The county had $8,000 in the bank. THE Ohio Oil Company, a branch of the Standard Oil Company, has increased its capital stock from $3,500,000 to $8,000,000. A REPORT from Pine Ridge Agency says that after a council in the Bad Lands the Indians had resolved to surrender. THE 600 employes of the Pullman works of Chicago have been notified of a reduction of ten per cent. in wages. GUSTAV LARSON, a laborer, lost himself in one of the big sewers of Minneapolis and wandered three miles before he could get out. He was badly poisoned. FIRE in Weyaumega, Wis., the other morning caused the death of Orrin Ennis and did much damage. THE SOUTH. THE sugar house on Cartwright Eustis' fusilier plantation in Louisiana burned. Loss, $100,000; insurance, $50,000. GENERAL SPINNER, ex-Treasurer of the United States, is slowly dying at Jacksonville, Fla. THE schooner Mary Ellen, from Salisbury, Md., for Baltimore, is reported lost, together with her crew of five men -Captain Henry Wheatley and son, William Abbott and son and Saul Gale. CHATTANOOGA, Tenn., iron men claim that good tin-plate has been made from basic steel made in Chattanooga. A SPECIAL from Petersburg, Va., says it is reported that the five negroes who were arrested for the murder of Dr. E. H. Riggin, in Mecklenbourg County, and committed, were taken from jail and lynched. SAN AUGUSTINE, Tex., has been seriously damaged by fire. IN a row at Chilesburg, Ky., a tough named James Parlin from Jacks creek was killed. Two or three others were injured during the fusilade of over 100 shots. FOREPAUGH'S Theater and the Masonic Temple, Baltimore, were destroyed by fire Christmas day. The loss was heavy. THE Savannah (Ga.) Fire & Marine Insurance Company has wound up its affairs. Threatened adverse legislation was the principal cause of closing up the business. THE Edisto phosphate and fertilizer works about three miles from Charleston, C., were burned the other night. The loss was about $200,000, fully covered by insurance. THE Maverick bank, of San Antonio, Tex., closed its doors after a heavy run that lasted three weeks. Sam Maverick, sole owner of the bank and its business, has made an assignment of all his property, real and personal, to Reagan Houston. The liabilities amount to $844,164, and the assets are estimated at $1,780,915. IN a saloon row in Birmingham, Ala., George Kelly and Jack Lynch, railroad men, were fatally stabbed. W. D. SIMPSON. Chief Justice of the Supreme Court of South Carolina, is dead. By an explosion of a boiler at Kelly & Wells' lumber mill on Black river, forty miles from Newport, Ark., two men were killed. Another man and a woman were severely injured. GENERAL.


Article from Baxter Springs News, January 3, 1891

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THE SOUTH. SAN AUGUSTINE, Tex., has been seriously damaged by fire. IN a row at Chilesburg, Ky., a tough named James Parlin from Jacks creek was killed. Two or three others were injured during the fusilade of over 100 shots. THE Edisto phosphate and fertilizer works about three miles from Charleston, S. C., were burned the other night. The loss was about $200,000, fully covered by insurance. THE Maverick bank, of San Antonio, Tex., closed its doors after a heavy run that lasted three weeks. Sam Maverick, sole owner of the bank and its business, has made an assignment of all his property, real and personal, to Reagan Houston. The liabilities amount to $844,104, and the assets are estimated at $1,780,915. IN a saloon row in Birmingham. Ala., George Kelly and Jack Lynch, railroad men, were fatally stabbed. W. D. SIMPSON, Chief Justice of the Supreme Court of South Carolina, is dead. By an explosion of a boiler at Kelly & Wells' lumber mill on Black river, forty miles from Newport, Ark., two men were killed. Another man and a woman were severely injured. IT is announced the New York and London committees on the Virginia State debt have definitely agreed upon a plan which it is expected the Virginia Legislature will readily approve. THE Flood block and five small twostory buildings at Vicksburg, Miss., have been burned together with the contents. Loss, $26,000; insurance, $28,000. THE Spanish vessel Angelica was captured by the revenue ship McLane off the coast of Florida on suspicion of smuggling. At first the Angelica showed a disposition to fight. COLUMBIA, Tenn., lost several houses, including a negro dance hall, by fire the other morning. THE Louisville & Nashville railroad shops at Mobile, Ala., have closed down. A large number of men are thrown out of employment. DR. M. A. DAUPHIN, a native of Alsace-Lorraine, and for twenty years president of the Louisiana Lottery Company, died at New Orleans on the 28th, aged 58 years. ISAAC MURPHY, the well known jockey, is seriously ill at his home in Lexington, Ky., having taken a violent cold while skating. He has never been a well man since his peculiar sickness the day he rode the notorious Firenzi race. FOUR prisoners tunneled out of the jail at Newport, Ky., while the jailer was on a drunk.


Article from San Antonio Daily Light, October 19, 1891

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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 10 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 paying 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 80 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,


Article from San Antonio Daily Light, October 20, 1891

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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 sixtv 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 10 file was in most instances caused by oversight or ignoranceof the law, and desiring 10 see those creditors protected equally with the others who filed their claims, and having faith in the assigned estate of Sam Maverick ultimately paying 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 wewill 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 80 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 estare 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 MANERICK,


Article from San Antonio Daily Light, August 10, 1892

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LITTLE PICKUPS. The little Washington Salcon on East street was nearly washed out with water yesterday. The cross streets where there is no grading are very muddy, and almost impassable in places. Many of the creditors of the Maverick bank are becoming impatient to learn when they will get another ten per cent payment. The San Antonio Typographical union have postponed their trouble until November, about the time Col. Grice will have his type setting machines at work. There are not a few so-called respectable joints run by women of shady character in this city that should be pulled by the police. You should stop paying rent. Call and learn of the bargains offered by John T. Hambleton & Co. The railroad that is first in offering the delegates reduced rates will catch the biggest crowd for the Houston convention. Officer Brown is on the track of the negro who struck John Stout. The Weekly LIGHT is one dollar a year, 10 copies $7.50; 20 copies $12.00, and one copy free to the getter up of a club. The colored people will vote the straight republican ticket for federal, state and county officers if an opportunity is given them. They are beginning to tumble to the democratic chestnut "Lilly White." The tall Sycamore of the San Pedro is becoming uneasy. It is said that if Morril Poor will run he will not be a candidate. The damp weather has increased the sale of stright drinks, since one of our city doctors recommends whisky for rheumatism.


Article from San Antonio Daily Light, November 5, 1894

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SHORT STOPS. What the People are Saying. The personal epithets heaped by Mr. Houston upon the heads of unoffending citizens because opposed to him, like chickens are coming home to roost. It is nearly four years since the failure of the Maverick bank, yet the fact that the unfortunate depositors have received but 25 per cent., not interest upon the principal, makes this a burning issue with them. But what had Mr. Houston to do with it, and what has this to do with his candidacy for Congress ? Mr. Houston has been trying to convince the people of this district that because a Negro is running on the Makemson ticket for school superintendent that the people ought to vote against Noonan, and he has been telling the people to vote against Noonan because certain men support him. But what had Houston to do with the Maverick bank business? He had all to do with it. He was Mr. Maverick's lawyer and confidential adviser. He officiated behind the counter during those memorable days; he knew the exact status of affairs, he saw how the poor people were being deceived and defrauded and aided and abetted the deception. It was no doubt his duty as the attorney for Mr. Maverick to protect him, but in doing so he helped to ruin hundreds of trusting people who were most cruelly deceived. The story of the bank failure is fresh in the minds of the people. The 20th of December was a memorable day in the history of our city. Several thousand people, men and women, had crowded about the Maverick bank, fighting for a chance to draw their deposits. The alarm became general and it was feared that the panic pould spread to other banks; prominent citizens rushed to the rescue; thousands of dollars were poured into the bank by sympathising friends to avert the threatened disaster. While the people were demanding their money, speakers were assuring them of the solvency of the bank, and the safety of their deposits. Gen. Russ made a speech, and so did Mr. Maverick giving his personal assurance that he had money to pay every depositor. At night there was a torchlight procession; Mayor Callaghan and others gave the weight of their presence and assurances that the bank was solid. The bank stood the run on the 20th, Sunday gave a rest. Saturday night the bankers met at Col. Wright's and were assured by Mr. Scudder that $250,000 would cover liabilities, when it was proposed that the bankers advance pro rata upon all demands up to this figure. Mr. Houston, acted as Mr. Mavericks' spokesman, it is related that he objected to this generous offer, and declared that Mr. Maverick might as well assign. In Monday's LIGHT, the 22nd Dec. 1890, appeared a card from Mr. Maverick in which he said: "I am amply prepared to pay in cash all depositors of my bank on Monday morning at the usual hour, and my thanks are also hereby returned to a majority of the bankers of San Antonio who got together on Saturday night and unanimously and voluntarily agreed to honor and cash if necessary any checks drawn by customers on my bank. In conclusion I wish to say that I propose to continue to do business at the old stand, and hope to merit the continued confidence of my many friends." Poor old Sam, he did not intend to practice a terrible deception upon his "many friends." He was acting under the advice of another he was actually ignorant of the condition of his bank, but his lawyer evidently knew better. On Monday and Tuesday the bank took advantage of the generour advances of the other banks