21290. American Bank & Trust Company (Temple, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
September 30, 1908
Location
Temple, Texas (31.098, -97.343)

Metadata

Model
gpt-5-mini
Short Digest
8a80ead0

Response Measures

None

Description

No run is described. Article (1908-10-01) reports the bank closed its doors and gone into voluntary liquidation (Sept. 30) and placed affairs with the state bank examiner; arrangements to pay depositors in full were made. A later article (1908-11-12, dateline Nov. 11) states the Attorney General filed petition to cancel the charter and appoint a receiver on grounds of insolvency; the bank had been in hands of a special agent since Sept. 28. Classified as suspension leading to closure (receivership).

Events (2)
1. September 30, 1908 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed its doors and gone into voluntary liquidation; affairs placed with state bank examiner; arrangements to pay depositors in full.
Newspaper Excerpt
The American Bank and Trust company of Temple has closed its doors and gone into voluntary liquidation...He has placed the affairs of the bank in the hands of State Bank Examiner Dezavalla. Arrangements were made before the bank closed to pay all depositors in full through a Temple bank.
Source
newspapers
2. November 11, 1908 Receivership
Newspaper Excerpt
Assistant Attorney General Hawkins...has filed a petition in district court there for the cancellation of the charter of the American Bank and Trust company of Temple, and for the appointment of receiver on the grounds of insolvency. This company has been in the hands of the special agent of the department of banking since Sept. 28.
Source
newspapers

Newspaper Articles (2)
1. October 1, 1908 Bryan Morning Eagle Bryan, TX
Article from Bryan Morning Eagle, October 1, 1908

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Article Text

BANK STOPS BUSINESS. Arrangements Made to Pay All Its Obligations. Austin, Sept. 30.-The American Bank and Trust company of Temple has closed its doors and gone into voluntary liquidation, according to a tele gram received from John J. Cox, pres Ident of the institution, by Commis sioner of Banking Love. President Cox wires that he has placed the affairs of the bank in the hands of State Bank Examiner Dezavalla. The bank was organized last fall with $50,000 capital. Its deposits Tuesday amounted to $4,000. Arrangements were made before the bank closed to pay all depositors in full through a Temple bank. The failure is said to be largely due to the opening for business during the panic last fall. Confederate pensioners will only get $15 per quarter for next two quarters, according to the apportionment just made by the Comptroller of $250,000 to pay pensions for the next six months This is a decrease of $1 for each quarter from two previous quarters. The decrease is due to the increase in the number of pensions, which are now nearly 9,000. The Worthington-Green Lumber company of Dallas filed an amendment to its charter, changing its name of the corporation to the Duncan-Green Lumber company.

2. November 12, 1908 Bryan Morning Eagle Bryan, TX
Article from Bryan Morning Eagle, November 12, 1908

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Article Text

DR. WORSHAM RESIGNS. After Eighteen Years' Service He Voluntarily Retires. Austin, Nov. 11.-Dr. B. M. Worsham, superintendent of the Texas insane asylum, has tendered his resignation to the governor, to become effective Jan. 1, Dr. Worsham says he resigns to engage in private practice, but before he does SO he will make a tour of Europe. He has been superintendent the past eighteen years, assuming charge in Governor Hogg's administration. He has not yet decided where he will locate. The supreme court granted a motion to advance and set for Nov. 18, the case of James Henderson vs. City of Galveston. This is a case to test the right of commissioners to establish saloon limits at Galveston. Assistant Attorney General Hawkins, has returned from Belton, where he has filed a petition in district court there for the cancellation of the charter of the American Bank and Trust company of Temple ,and for the appointment of receiver on the grounds of insolvence. This company has been in the hands of the special agent of the department of banking since Sept. 28. The court will hear the applica0 tion for receiver next Monday. This company was organized last October with capital stock of $50,000. The court of civil appeals affirmed n the case of the railroad commission against the Rock Island railroad, thus 0 perpetuating the injunction restraining S the commission from requiring the railroad to build and maintain a depot at Texhoma. which is near the Oklahoma state line. The court held that n the depot was not necessary, as a few hundred feet away the company mainst tains sufficient depot facilities at Texhoma, Okla.