21268. United States Trust & Savings Bank (San Antonio, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
February 1, 1924*
Location
San Antonio, Texas (29.424, -98.494)

Metadata

Model
gpt-5-mini
Short Digest
972f643c

Response Measures

None

Description

Articles report that a receiver was appointed after a suit (filed Feb 22, 1924) and criminal complaints about fraudulent stock sales tied to a proposed branch. No run is described. The appointment of a receiver implies suspension/closure; therefore classified as suspension_closure. OCR corrected bank name to include '&' and plural 'Savings' to match articles.

Events (2)

1. February 1, 1924* Receivership
Newspaper Excerpt
its affairs first came into prominence on February 22, when James R. Collins, one of the trustees, brought suit ... Following the hearing, Judge S. G. Tayloe appointed Graham Dowdell ... as temporary receiver
Source
newspapers
2. March 22, 1924 Other
Newspaper Excerpt
Complaints charging two San Antonio men with obtaining money under false pretenses in connection with the sale of stock in a proposed branch bank of New Braunfels of the United States Trust & Saving Bank of San Antonio
Source
newspapers

Newspaper Articles (2)

Article from San Antonio Light, March 22, 1924

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Article Text

SALE OF BANK STOCKRESULTS IN 2 CHARGES File Complaint Against Edward Mattison and W. F. Lawler. LAWLER GIVES BOND New Braunfels People Buy Stock in South Flores Institution. Complaints charging two San Antonio men with obtaining money under false pretenses in connectio with the salen of stock in a proposed branch bank of New Braunfels of the United States Trust & Saving Bank of San Antonio have been filed before Justice of the Peace Voelcker of New Braunfels. The men charged are Edward Mattison and W. F. Lawler. Lawler has furnished bond in the sum of $500 for his appearance at New Braunfels Wednesday for examining trial. Mattison has not yet been arrested. The complaints are signed by Ernest Herbst, who is said to have bought $200 worth of the stock, and Mrs. Louise A. Alves, who is said to have bought $1000 worth of the stock. The complaints charge that the stock sales were made when the United States Trust & Saving Bank of San Antonio was in bad financil condiation. According to New Braunfels officers, the bank here proposed to establish a branch at New Braunfels and was selling stock to New Braunfels people. Now Under Receivership. The United States Trust & Saving Bank is an institution which has been operating on South Flores street. its affairs first came into prominence on February 22, when James R. Collins, one of the trustees, brought suit in the Forty-fifth District Court for fulfillment of contract and for the appointment of a receiver. Named as defendants in Mr. Collins' suit were Bee Tomerlin. Gus Argy. Ed Mattison. Walter Mitchell and J. H. Moltz. Following the hearing, Judge S. G. Tayloe appointed Graham Dowdell, former member of the San Antonio school board, as temporary receiver and ordered that an inventory of the bank's property be made at once. Say Bank in Sourd Condition. Subsequently the defendants filed an answer to the suit, granting the things prayed for in Mr. Collins' original petition and agreeing that Mr. Collins and Buck West be named as trustees to oprate the institution. All officers at the time the suit was filed asserted that the bank was in sound financial condition and that the court fight was merely to settle a controversy over the control of the institution.


Article from San Antonio Light, March 27, 1924

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Article Text

RELEASED ON BOND William F. Lawler Granted $700 Bail in Comal County Charge. William F. Lawler, charged by com plaint in Comal county with swindling, was released on $700 bond following a habeas corpus hearing before Judge W. W. McCrory of the Ninety-fourth district court Wednesday afternoon. Lawler had been brought into court by Sheriff Nowotny of New Braunfels following a telephone request by Chief Deputy Sheriff A. Newton Jr. Lawler was arrested in San Antonio last week by Deputy Sheriff Ed Knight and taken to New Braunfels to answer to the swindling charge. The complaint had been filed. officers of Comal county stated, in connection with the alleged sale of stock in a branch of the United States Trust and Savings Bank of San Antonio for which a receiver was recently appointed. Officers said further charges also would be filed but SO far no additional arrests have been made. Habeas corpus proceedings for Lawler were brought in the Ninety-fourth by T. P. Hull his attorney. Hull claimed that Comal county authorities had demanded an excessive bond considering the nature of the case. When Chief Deputy Newton telephoned the Comal county sheriff the latter declared he would confer with the district attorney regarding the bringing of Lawler to San Antonio. He arrived with the prisoner promptly at 5 o'clock, as requested by the court.