80aef94dFull suspension
Other: Bank placed in hands of bankrupt court; receivers/trustees appointed.
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TEXAS INSTITUTIONS CLOSED. Tyler, Tex., Dec. 30.-The Harris Exchange Bank, of this city, failed to open its doors for business to-day. It owes over four hundred depositors $100,000, with assets of $81,000. The Tyler Novelty Company and the Tyler Paint Company. two mercantile enterprises owned and controlled by the bank, have also been placed in the hands of a receiver.
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TEXAS BANK SUSPENDS. Inability to Realize on Securities is Reason Assigned. Tyler, Tex., Dec. 30.-The Harris Exchange Bank of this city this morning failed to open its doors for business. In a notice posted it is stated by the management that on November 1 last it owed to depositors over $225,000. and that since that date a steady draw has been made on the bank and that Inability to realize on securities forced it to place its business in the hands of the bankrupt court. A further statement says it owed over 400 depositors $100,000 with assets of $81,000. The Harris Exchange Bank was the only private bank in Tyler and was unincorporated. The Tyler Novelty Company and the Tyler Paint Company, two mercantile enterprises owned and controlled by the bank. have also closed their doors, and have been placed in the hands of a receiver. Referee S. D. Reeves has appointed Lee Butler and J C Reeves as trustees.
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TEXAS BANK CLOSED. Unoble to Realize on Securities to Meet Dopositors' Demand. TYLER, TEX., December 30.-The Harris Exchange Bank, the only private bank In this city, failed to open its doors for business to-day. In a posted notice the management states that on November 1st last It owed depositors over $285,000: that sinco that date a steady run has been made on the bank. and that inability to realize on securities forced it to place its business in the hands of a bankrupt court. and says .t owes over 400 depositors $100,000, with asmets of $81,000. The Tyler Novelty Company and Tyler Paint Company, two mercantile enterprises, owned and controlled by the bank, have also closed their doors, and have been placed in the hands of a receiver.
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TEXAS INSTITUTIONS CLOSED. Tyler, Tex., Dec. 30.-The Harris Exchange Bank, of this city, failed to open: its doors for business to-day. It owes over four hundred depositors $100.000, with assets of $81,000. The Tyler Novelty Company and the Tyler Paint Company, two mercantile enterprises owned and controlled by the bank, have also been placed in the hands of u receiver.
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BANK'S DOORS CLOSED. Harris Exchange Bank of Texas Goes Into Bankruptcy. Tyler, Tex., Jan. 1.-The Harris exchange bank of this city Monday failed to open its doors for business. In a notice posted it is stated by the management that on Nov. 1, last. it owed to depositors over $225,000, and that since that date a steady draw has been made on the bank and that inability to realize on securities forced It to place Its business in the hands of the bankrupt*court. A further state. ment says It owes over 400 depositors a liability of $100,000, with assets of $81,000. The Harris Exchange bank was the only private bank in Tyler, and was unincorporated. The Tyler Novelty company and the Tyler Paint company, two mercantile enterprises owned and controlled by the bank have closed their doors also, and have been placed in the hands of a receiver. Referee 8. D. Reeves has appointed Lee Butler and J. G. Reeves as trustees.
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BANK'S DOORS CLOSED. Harris Excha ge Bank of Texas Goes Into Bankruptcy. Tyler, Tex., Dec. 31.-The Harris exchange bank of this city Monday failed to open its doors for business. in a notice posted it is stated by the management that on Nov. 1, last, It owed to depositors over $225,000, and that since that date a steady draw has been made on the bank and that inability to realize on securities forced it to place its business in the hands of the bankrupt court. A further statement says 1t owes over 400 depositors a liability of $100,000, with assets of $81,000. The Harris Exchange bank was the only private bank in Tyler, and was unincorporated. The Tyler Novelty company and the Tyler Paint company, two mercantile enterprises owned and controlled by the bank have closed their doors also, and have been placed in the hands of Referee S. D. Reeves a receiver. has appointed Lee Butler and J. G. Reeves as trustees,
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Miscellaneous. The Countess of Yarmouth, favorite sister of Harry K. Thaw, has instituted proceedings in London to annul her marriage. The United States treasury has a deficit for December of $8,535,000. The Harris Exchange bank of Ty1er, Tex., has closed its doors with liabilities of $100,000 and assets of $81,000. Another New York tenement has been wrecked by dynamite, supposedly the work of the Black Hand society. In the federal court at Richmond, Va., Judge Pritchard appointed receivers for the Seaboard Air Line railroad. The company had defaulted on its January interest. There was a shrinkage in deposits in Kansas state and national banks during November and December amounting to $18,000,000. The bank clearings of Kansas City for 1907 amounted to $1,649,175,013, an increase of 23.8 per cent over those of 1906. Count Leo Tolstoi was recently thrown from a stumbling horse and seriously injured. In his second annual message to the New York legislature Gov. Hughes urges legislation which will prevent the reprehensible practices in financial circles that caused the recent panic. All women except members of Thaw's family and women reporters will be excluded from the court room during the second trial of Harry Thaw. The torpedo boat flotilla, which is preceding the battleship fleet to the Pacific, has reached Para, Brazil. A dynamite bomb was exploded in the stock exchange at Rome, Italy, recently, partly wrecking the building and causing injuries to many of the inmates. Gov. Lopez of Iloilo, P. I., was recently shot and seriously injured by a disappointed politician. The usual New Year's day reception was held at the White house this year. More than 5,000 persons were greeted by the president and Mrs. Roosevelt. Andrew Carnegie has donated $10,000 to Fairbury, Neb., for a public library under the usual conditions. Prohibition leaders predict that before 1908 is out 40,000,000 persons in the United States will be living in "dry" territory. The last day of the year and the last day of the liquor traffic in Georgia passed without any disturbance in the state. The weather was so mild at Dickinson, N. D., on New Years day that the holiday was celebrated with a baseball game. The Frick Coal company has announced a reduction of 7 1/2 per cent in the wages of all its employes throughout the Pennsylvania district.
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Miscellaneous. The Countess of Yarmouth, favorite ster of Harry K. Thaw, has instited proceedings in London to annul er marriage. The United States treasury has a eficit for December of $8,535,000. The Harris Exchange bank of Tyr, Tex., has closed its doors with abilities of $100,000 and assets of 81,000. Another New York tenement has eea wrecked by dynamite, supposedy the work of the Black Hand sodety. In the federal court at Richmond, a., Judge Pritchard appointed reeivers for the Seaboard Air Line ailroad. The company had defaulted on its January interest. There was a shrinkage in deposits in Kansas state and national banks during November and December mounting to $18,000,000. The bank clearings of Kansas City for 1907 amounted to $1,649,175,013, an increase of 23.8 per cent over those of 1906. Count Leo Tolstol was recently thrown from a stumbling horse and seriously injured. In his second annual message to the New York legislature Gov. Hughes urges legislation which will prevent the reprehensible practices in financial circles that caused the recent panic. All women except members of Thaw's family and women reporters will be excluded from the court room during the second trial of Harry Thaw. The torpedo boat flotilla, which is preceding the battleship fleet to the Pacific, has reached Para, Brazil. A dynamite bomb was exploded in the stock exchange at Rome, Italy, recently, partly wrecking the building and causing injuries to many of the Inmates. Gov. Lopez of Iloilo, P. I., was recently shot and seriously injured by disappointed politician. The usual New Year's day reception was held at the White house this year. More than 5,000 persons were greeted by the president and Mrs. Roosevelt. Andrew Carnegie has donated $10,000 to Fairbury, Neb., for a public library under the usual conditions.