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A Texas Bank Suspends. WAXAHACHIE, Aug. 11.-The Waxahachie National # Bank has suspended. Assets, $206,000; liabilities, $86,000. Money stringency was the cause.
21319. Waxahachie National Bank (Waxahachie, TX)
Bank Information
- Episode Type
- Suspension → Reopening
- Bank Type
- national
- Bank ID
- 4379
- Charter Number
- 4379
- Start Date
- August 11, 1893
- Location
- Waxahachie, Texas (32.387, -96.848)
Metadata
- Model
- gpt-5-mini
- Short Digest
42fce095
Response Measures
None
Description
The bank suspended payment Aug 11, 1893 citing 'money stringency' (part of the broader 1893 panic). Comptroller permitted resumption Aug 19, 1893. No article describes a depositor run on this specific bank.
Events (4)
1.
July 26, 1890
Chartered
- Source
- historical_nic
2.
August 11, 1893
Suspension
- Cause
- Macro News
- Cause Details
- Money stringency / general financial stringency cited as cause of suspension.
- Newspaper Excerpt
- The Waxahachie National Bank has suspended. Assets, $206,000; liabilities, $86,000. Money stringency was the cause.
- Source
- newspapers
3.
August 19, 1893
Reopening
- Newspaper Excerpt
- The Waxahachie National Bank of Waxahachie, Tex., which suspended payment on Aug. 11, was today permitted to resume business.
- Source
- newspapers
4.
March 7, 1927
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (20)
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A Texas Bank Suspends. WAXAHACH.E, Tex., Aug. 11.-The Waxahachie National bank has suapended. Assets, $206,000; liabilities, $86,000. Money stringency the cause.
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A Texas National Bank Suspends. 11.-Conptroller Washington, Aug. Eckels was informed this morning of the suspension of the Waxahachie National Bank of Waxahachie, Tex., capital $100,000.
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ANOTHER BANK SUSPENSION. Waxahachie, Tex., Aug. 11.-The Waxahachie National Bank has suspended. The assets are $206,000; the Iiabilities, $86,000.
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Business Failures. NEW YORK, August 11.-The failure of Washington Barrows was announced at the Consolidated Exchange this morning. The failure is a small one. WASHINGTON, D. C., August 11.Comptroller Eckels was informed this morning of the suspension of the Waxahatchie National Bank, of Waxahatchie, Texas: capital, $100,000. NASHVILLE, TENN., August 11.-Matters are quiet in banking circles to-day. The run on the Fourth National Bank was resumed, but the line of depositors was small. The bank continued to pay all checks presented up to 11:30 o'clock, when it was decided to pay all checks up to $100 and give certified checks for the balances above this amount. NEW ORLEANS, August 11.-The Cotton Exchange, in consideration of the action of the banks here and elsewhere, have passed a resolution providing that all settlements under the rules of the exchange shall be made in certified checks. CHICAGO, August 11.-A special from Vernon, Tex., says: A district court has appointed a receiver for the Espula Land and Cattle Company. The company owns 60,000 acres of land and 35,000 head of cattle. The company is an English one, and the grounds of complaint were insolvency and mismanagement. The property involved amounts to over $1,000,000. MILWAUKEE, WIS., August 11.-The official statement of Receiver Geilfuss, of
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spreading Russian towns in which it has appeared. Laredo has a case of attempted incest on the part of a Mexican widower. The Khedive wants to fire his cabinet because of its English proclivities. Gresham, Carlisle and Bissell have left Washington for a three days outing. New Orleans cotton exchange will make its settlement with certified checks. Rio Grande City is assured that the postmaster there will be at once removed. The average reserve "held in the National banks of Texas is over thirty per cent. World's fair lady managers tender a reception to the officers of the Spanish caravels. The Long Island railway failed to pay off yesterday as usual, due to lack of currency. Bloody battle booked over the removal of the county records from St. George to Parsons. Five caess of genuine Asiatic cholera are now being treated at New York quarantine. Denver bank outlook improves and six of the suspended institutions will soon resume. St. Louis and Southwestern shops at Pine Bluff, Ark., shut down; 300 men out of employment. Congress will celebrate the 100th anniveesary of the corner stone of the Washingten capitol. Yellow fever and two deaths aboard the bark Gelora, arrived at Fort Morgan quarantine. D. England kills his tenant, McKinney, near Luling, for removing his crop contrary to orders. No new cases of yellow fever at Pensacola. It is considered sporadic and will be investigated. Italy maintains a sanitary corps on all trains running from Naples to Rome, ts keep out cholera. Boll worms have appeared in cotton around Camden, Ark., but are doing no serious damage. Bland announces that no political party in America shall survive that demonetizes silver. Grover says that his health will not stand the strain of August at Washington, as he needs rest. Hindoo and Mohommedans at Bombay have a religions riot in the streets; military called in. Waxahatchie National bank suspends, and grocer Peters fails with $17,000 secured liabilities. Forest fires are doing great damage to timber and farm property in the vicinity of Spencer, Wis. Lawyer Short and capitalist Stearns fight in Bourke's court, Dallas, and are fined $100 each. The strike is still on in the Tennessee coal regions and the feeling against the soldiers is very strong. The Rock Island road, in order to cut down expenses, contemplates reduction on all salaries of 10 per cent. Report of the examiner of the Texas National of this city had not reached Washington last night. Eight of the heaviest Hartford manufacturers will pay all accounts through clearing house checks. The body of the missing San Angelo sheep man, Pride, has been found. He was murdered and robbed. London Times remarks that all parties in this country agree in maintaining the parity of silver and gold. Five separate cyclones swept the country near Larned. Several farm houses were demolished, but no lives lost. John B. Wright, manager of Ford's theatre when Lincoln was assassinated there, is dead in the 78th year of his age. The sheriff has charge of the Equitable Manufacturing and
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VARIOUS BANKING TROUBLES. A Texas National Bank Suspends-The Situation In Other States. MILWAUKEE. Aug. 11.-The official statement of Receiver Geilfuss of the Commercial Bank was yesterday filed in court. The total assets on July 21. the date the bank suspended. were $1,480,220. against total liabilities of $1,183,999, an excess of assets of $296,221. John B. Koetting. the missing cashier of the South Side Bank. is in Mexico. according to Receiver Barth of the defunct bank. Mr. Barth does not believe Mr. Trumpff. the missing President of the bank. has left the country. WASHINGTON, Aug. 11.-Comptroller Eckels was informed this morning of the suspension of the Waxahachie National Bank of Waxahachie. Tex. Capital. $100.000. NASHVILLE. Aug. 11.-The run on the Fourth National Bank was resumed to-day. but the line of depositors was small. The bank continued to pay all checks presented up to 11:30 o'elock, when it was decided to pay all checks up to $100 and give certified checks for bal. ances above that amount. WACO. Tex., Aug. 11.-Charles L. McCay. who was President of the defunct Bell county National Bank of Temple. Tex.. was indicted on a charge of forgery by a Bell county Grand Jury. and simultaneously he was indicted by a United States Grand Jury sitting at Waco on a charge of violating the laws governing national banking. On Aug. 8 the Bell county case was dismissed. and he was surrendered to Deputy United States Marshal A. McCampbell on the Federal indictment. Yesterday he was brought here and placed in jail in default of $10,000 bail.
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Telegraphic Tersities. Ten new cases of cholera and ten deaths were reported in Naples, Italy, yesterday. Several cases of cholera and one death from the disease were reported at Rome, Italy, yesterday. The failure of Washington Barrows was announced at the New York Consolidated Exchange yesterday. It was a small one. The barrack bridge at Clemson College. S. C., gave way with fifty students on It yesterday, and several of the boys were hurt, though none fatally. Comptroller Eckels was informed yesterday of the suspension of the Waxahatchie National Bank of Waxahatchie, Tex. Capital stock, $100,000. A severe earthquake occurred along the Italian Adriatic coast yesterday, and it is believed that there has been & large loss of life in consequence. Thomas D. Messler, third vice-president. Pennsylvania Company (which company manages the Pennsylvania railroad lines west of Pittsburg), died yesterday at Cresson Springs. It is officially announced that a majority of the stockholders of the Richmond and West Point Terminal Company have paid the balance of the first instalment of the assessment of $1.62 per share. Sixty-three thousand ounces of silver were offered for sale to the Federal TreAsury Department yesterday at prices ranging from $.755 to 8.760. All offers were declined at the prices asked, and 8.751 an ounce was tendered. Health-Officer Jenkins's bulletin last night reported that there are now ten cholera patients in Swinbourne Hospital, New York arbor, and that five of them are convalescing. In three of the cases the diagnosis of cholera has been donfirmed. A special from Lake City, Fla., says that a party of ,cfayette county citizens that passed through there Thursday morning for Hillman's convict camp for the purpose of lynching another negro engaged in the recent Branford crime, secured the negro without any trouble, and riddled him with bullets, then burning his body. The counties of Clarke, Choctaw, Wilcox, and Marengo, Ala., are stirred to the bighest pitch at the murderous doings of the natorious Meachamites. and between 400 and 500 heavilyarmed men are in Meacham Beat, the Meachamite rendezvous, for the avowed purpose of wiping out every member of the gang and avenging the numerous wrongs done the good people of the counties named. Three members of the gang have already been killed and the rest are located in swamps, and the posse propose to bag them all by to-hight.
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DALLAS, Aug. 12.-The Waxahachie National bank suspended.
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TELEGRAPHIC BREVITIES. 0. Harcher has been appointed postmaster at Carbon, Wy., vice Evans, re* moved. The steamship Normania, from Liverpool, which arrived at New York yesterday, brought £906,967 gold. The business portion of Milford Center, 0., burned yesterday morning, and four dwellings. Total loss, $75,000. Henry Hall was hanged at Pikeville, Ky., yesterday for fratricide. On the scaffold Hall asked pardon for his crime. The Waxahachie, Texas, National bank has suspended, assets $206,000, liabilities $86,000. The money stringency was the the cause. A posse of United States marshals last night had a fight with robbers at Lehigh, I. T., in which two robbers, one named W. T. Pearce, were killed and two others wounded. Senator Vest has written a personal letter to a gentleman in New York saying that the majority against the unconditional repeal of the Sherman law will. be at least eight. E. J. Fuller, a member of one of the leading families of Fayetteville, N. C., shot and killed B. C. Porter a clothing merchant this afternoon. Fuller claims that he shot in self-defense.
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WILL RESUME. PUEBLO, Col., Aug. 19.-The Central National bank, which suspended on July 15, will resume business on Monday morning. The American and the Western National banks will probably resume at an early date. WASHINGTON, Aug. 19-The Waxahachie National bank of Waxahachie, Tex., which suspended payment on Aug. 11, was today permitted to resume business.
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Banks Resuming Business. WASHINGTON, Aug. 19.-The Waxahachie National Bank of Waxahachie, Tex., which suspended payment on Aug. 11, having complied with all the conditions imposed by the Comptroller of the Currency. and its capital stock being unimpaired. was to-day permitted to resume business. SPRINGFIELD. Mo., Aug. 19.-The Bank of Marionville, which is connected with the Bank of Springfield. both of which failed during the last two weeks. resumed business yesterday. and it is believed the Bank of Springfield will resume soon.
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WASHINGTON. Aug. 19.-The government receipts for the month to date were $175,640,000. Receipts for fiscal year to date, $46,545,776. Expenditures for month to date, $22,207,000. Expenditures for fiscal year to date. $61,882,888. Nine clerks in the general land office have been detailed to survey and plat town sites in the Cherokee outlet and will leave Washington within the next day or two for that purpose. The Waxahátchie National bank of Waxahatchie, Tex., which suspended payment August 11, was today permitted to resume business.
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Notes From the Capitol, Secretary Gresham has instructed United States consular officers that certificates of depreciation of currency will be required in all cases of importation from countries where the currency is depreciated and the consular fee of $5 heretofore imposed for such certificates is abolished. Surgeon-General Wyman of the Marine hospital service has received a cablegram from Consul-General Edwards at Berlin, stating that there are no further cases of cholera there. Secretary Carlisle has accepted the resignation of Robert H. Wynne. Mr. Wynne was formerly private secretary to Secretary Carlisle as a special employe. The Waxahachie National Bank of Waxahachie, Texas, which suspended payment August 11, has been permitted to resume business. Nine clerks in the general land office have been detailed to survey and plat town sites in the Cherokee outlet. Owners of silver refused to sell bullion to the government Saturday at $0.7325 per ounce.
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MORE SOLID THAN EVER. I WANAHACHIE. Tex., Aug. 21.(Special).-The Waxahachle National bank, lately suspended, has resumed payment. One of the directors stated to your reporter that it is on a more solid basis than ever.
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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL The Teople's National Bank, of Winston, N. C., capital $100,000, has suspended. Lerzars, La., was surprised by the suspension of all the banks in the city. They were the First National and Lemars National, with a capital of $100,000 each, and and the Lemars State and German Savings Banks. Notices were posted on the doors that the suspensions are due to inability to realize on assets, but that all depositors will be paid. The First National Bank of Anthony, Kan., which suspended payment in July was permitted to reopen its doors to business. The Waxahachie National bank of Waxahachie, Tex., which suspended payment August 11, was permitted to resume business. PUEBLO, Con-Bank Examiner J. Sam Bro wn has given permission to the Central National Bank, which suspended July 15. to resume business. The American and Western national banks, which suspended the same day, have received permission from Comptroller Eckels to resume and are rapidly complying with the conditions required.
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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL. The People's National Bank, of Winston, N. C., capital $100,000, has suspended. Lerears, La, was surprised by the suspension of all the banks in the city. They were the First National and Lemars National, with a capital of $100,000 each, and and the Lemars State and German Savings Banks. Notices were posted on the doors that the suspensions are due to inability to realize OR assets, but that all depositors will be paid. The First National Bank of Anthony, Kan., which suspended payment in July was permitted to reopen its doors to business. The Waxahachie National bank of Waxahachie, Tex., which suspended payment August 11, was permitted to resume business. PUEBLO, CoL-Bank Examiner J. Sam Bro wn has given permission to the Central National Bank, which suspended July 15. to resume business. The American and Western national banks, which suspended the same day, have received permission from Comptroller Eckels to resume and are rapidly complying with the conditions required.
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SILVER PURCHASES. The treasury department purchased only 40,000 ounces of silver, though 147,000 ounces were offered. The price paid for the silver was $0.7325 per ounce and that figure was offered for the remaining 107,000 ounces. The treasuly today announced that the owners declined to sell at that figure. ROYAL VISITORS. Among the visitors of the house of representatives today were a party accompanying his highness, the rajah of Kaputhala, India. They were in charge of Colonel Massey of the English army. BANK CIRCULATION. National bank circulation outstanding today is $191,996,368, an increase during the week of $3,350,000. INDIGNANT PENS!ONERS. Col. Charles L. Lincoln, late deputy commissioner of pensions, is authority for the statement that an effort will soon be made to prove through the courts that suspensions of pensions granted under the act of June 27, 1890, were illegal. NO CHOLERA AT BERLIN. Surgeon General Wyman of the Marine hospital service has received a cablegram from Consul General Edwards at Berlin stating that there are no further cases of cholera there. The disease, the dispatch says, was introduced through cucumbers procured from infected districts in Russian Poland. TEXAS BANK RESUMES. Waxahachie National bank, Waxa. hachie, Tex., which suspended payment August 11 was today permitted to resume business.
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BANKS HAVE RESUMED. Those That Were Temporarily Embarrassed Now All Right. Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock, $125,000; Gate City National Bank, Atlanta, Ga., $250,000; Capital National Bank, Indianapolis, Ind., $300,000; Washington National Bank, Spokane Falls, Wash., $250,000: First National Bank, Palouse city, Wash., $75,000; Southern California National Bank, Los Angeles, Cal., $200,000; First National Bank, Los Angeles, Cal., $200,000; First National Bank, San Diego, Cal., $300,000; First National Bank, Santa Ana, Cal. $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, Cal., $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Texas, $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo. Col., $50,000; Missouri National Bank, Kansas City, Mo., $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, Col., $1,000,000; National Bank of Commerce, Denver, $500.000: Hutchinson National Bank, Hutchinson, Kan.. $100,000; People's National Bank, Denver, Col., $600,000; First National Bank, Anthony, Kan., $50,000; Greeley National Bank. Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky. $300.000; First National Bank, The Dalles, Ore., $50,000; Waupaca County National Bank, Waupaca, Wis., $50,000; Waxahachee National Bank, Waxahachee. Tex., $100,000; CitIzens' National Bank, Attica, Ind., $50,000; First National Bank. San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000. Total capital stock of $6,030,000. Since January 1 last 154 national banks have suspended. Of this number one has gone into voluntary liquidation, 57 have been placed in the hands of receivers, 62 are in the hands of national bank examiners with excellent prospects of early resumption, in addition to the 34 above named which have already resumed business.
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NATIONAL BANKS RESUME. Comptroller Eckels Furnishes Quite a Long List. WASHINGTON, Aug. 31.-Comptroller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills national bank, Rapid City, S. D.; capital stock. $25,000. Gate City national bank, Atlanta, Ga; $250,000. Capital national bank, Indianapolis, Ind.; $300,000. Washington national bank, Spokane Falls, Wash: $250,000. First national bank. Palouse City, Wash; $75,000. Scuthern California national bank, Los Angeles, Cal: $200,000. First national bank, Los Angeles, Cal.; $200,000. First national bank, San Diego, Cal.: $300,000. First national bank, Santa Ana. Cal.; $150,000. First national bank, Kendallsville, Ind; $50,= 000. First national bank, San Bernardino, Cal.; $100,000. Second national bank, Ashland, Ky.; $50,000. First national bank, Rico. Col.; $50,000. National Bank of Commerce, Provo City, Utah: $50,000. First national bank, Cisco, Tex.: $50,000. American national bank, Leadville, Col; $100,000. Central national bank, Pueblo, Col: $50,000. Missouri national bank, Kansas City, Mo.; $250,000. First national bank, Fort Scott, Kan: $300,000. Union national bank, Denver, Col.; $1,000,000. National Bank of Commerce, Denver, Col; $500,000 Hutchinson national bank, Hutchinson, Kan: $100,000. People's national bank, Denver, Col.; $600,000. First national bank, Anthony, Kan: $50,000. Greeley national bank, Greelev, Col.: $50,000. Farmers' national bank, Henrietta, Tex.; $50,000. State national bank, Vernon, Tex: $100,000. Fourth national bank, Louisville, Ky.; $300,000. First national bank, The Dalles, Ore: $50,000. Waupaca County national bank, Waupaca, 1 Wis.: $50,000. Waxahachie national bank, Waxahachie, Tex.; $100,000. Citizens' national bank. Attica, Ind: $50,000. First national bank, San Marcos, Tex.; $80,000. 1 First national bank, Lockhart, Tex; $50,000. : Total capital stock, $6,030,000. Since January 1 last 154 national e banks have suspended. Of this num1 ber, one has gone into voluntary liquif dation, fifty-seven have been placed in f the hands of receivers, sixty-two are in the hands of bank examiners with ext cellent prospects of early resumption, t in addition to the thirty-four above a named which have already resumed t business.