21323. Wharton National Bank (Wharton, TX)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6313
Charter Number
6313
Start Date
August 6, 1915
Location
Wharton, Texas (29.312, -96.103)

Metadata

Model
gpt-5-mini
Short Digest
d33ebf57

Response Measures

None

Receivership Details

Date receivership started
1915-07-29
Date receivership terminated
1916-01-25
OCC cause of failure
Fraud

Description

Newspaper items (Aug 6 and Aug 25, 1915) report the Wharton National Bank was closed by order of the Comptroller of the Currency and later was in the hands of a receiver; bank officers were arrested on charges of conspiracy to embezzle. No run is mentioned. Classified as suspension leading to closure/receivership (suspension_closure).

Events (6)

1. June 21, 1902 Chartered
Source
historical_nic
2. July 29, 1915 Receivership
Source
historical_nic
3. August 6, 1915 Suspension
Cause
Government Action
Cause Details
Closed by order of the Comptroller of the Currency (regulatory action).
Newspaper Excerpt
The Wharton National Bank at Wharton, Tex., was closed by order of the comptroller of the currency.
Source
newspapers
4. August 25, 1915 Receivership
Newspaper Excerpt
The bank was closed some time ago by the comptroller of the currency and has been in the hands of a receiver. President H. J. Bolton and Cashier B. R. Taylor of the Wharton National bank of Wharton were brought here... charged with conspiracy to embezzle and misapply funds of the bank to the amount of $100,000. (Aug 25, 1915).
Source
newspapers
5. January 25, 1916 Restored To Solvency
Source
historical_nic
6. April 30, 1918 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)

Article from The Fayette Falcon, August 6, 1915

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Article Text

John Odell and W. 0. Ruch, at Beaumont, Tex., attempting to save Tom Nicnolson, from asphyxiation in an empty 600 barrel cypress oil tank, were overcome and all three died. A report circulated in the financial districts stated that the Westinghouse Electric Company has actual orders on its books which total between $60,000,000 and $70,000,000. The Wolverine and Mohawk Copper Mining Company, in paying their 1,200 employes, included an extra check for 5 per cent of the total wages of June as a bonus. Queen Mary has personally bought respirators of the most approved type for every member of the household at Buckingham Palace. Mrs. Theodore Roosevelt is sick and being taken East on a fast train. Accompanied by her husband she reached Chicago Sunday morning, Aug. 1. Judge Hand, in the United States district court, denied the motion for a receiver to take over the business of the American 5 and 10 Cent Stores. American dispatches to the London newspapers say that the recent intimation to the American Government that England will send another note soon indicates a reversal of British policy. "I have no political aspirations whatever, looking to the holding of office in the future," said William J. Bryan in a speech at Portland, Ore. After balloting 12 hours without result, the jury in the case of George W. Ward, charged with killing his wife, was discharged at Whiteplains, Mo. Four girls were drowned at Flemington, Pa. They were: Esther Fisher, 20, and Thelma Floruss, 13, of Farmington; Marion Bower, 19, of Monument, Pa., and Erma Butterbaugh, 18, of Cherry Tree, Pa. General Muller, one of the leaders of the Boer revolt, was sentenced to two years' imprisonment for treason. A double electrocution took place at the Eddyville, Ky., penitentiary, when Turner Graham, 24 years old, and Will Lane, 23, a negro wife murderer, were executed. A man was killed by lightning in a hollow tree, at Terre Haute, Ind., where he sought shelter during a storm. He is believed to be Roy Davis of Effingham, III. The Wharton National Bank at Wharton, Tex., was closed by order of the comptroller of the currency. Illinois Central Chicago to Cairo passenger train was derailed just south of Anna, III., July 30. During the past two weeks the Italians have advanced five miles along the entire Isonzo front. The Austrian losses are estimated at 80,000. J. M. Cockrell, Chicago agricultural commissioner of the Rock Island, has been employed as manager of the farm development bureau of the Memphis, Tennessee, Business Men's Club and will resign the Chicago position Aug. 15. A cablegram reports an unprecedented heat wave sweeping over Southeastern Alaska. So intense is the heat that beach residents are towing small icebergs broken off the Taku glacier to anchorage near their cabins in order to cool the atmosphere. The dedicatory exercises of the government experimental creamery were held at Grove City, Pa. A Russian ukase Issued calls to colors men born in 1896. "Wish" Sheppard, a negro, charged with attacking Miss Mildred Clark, 14 years old, daughter of Enoch Clark, a Federalsburg, Md., farmer, July 15, was found guilty and sentenced to be hanged. The Swedish army is now the largest and most efficient in the country's history. Since the outbreak of the war the army has been almost doubled. Charged with recruiting soldiers for the Villista army here in violation of American neutrality laws, Manuel de Icaza, Villa consul here, was arrested


Article from The Commonwealth, August 6, 1915

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Article Text

Muphis, Egypt, was announced by the University of Pennsylvania museum. The first daily newspaper to be published in the German language has appeared in Brussels. Nine persons were injured when the supports of a veranda dining room of a board walk hotel Rockaway Beach collapsed. Renewed activity of Katmai volcano, Alaska, is indicated by the presence of ashes in the air. The Danish government $12,000,000 5 per cent national loan, which has just closed has proved a failure. This is German-American week at the Panama-Pacific exposition. Treasury receipts for July, the first month of the new fiscal year, ran $16,000,000 behind expenditures. Duxbury Reef, the "Graveyard of the Pacific," has caught the American-Hawaiian steamer Georgian, from New York to San Francisco. The British submarine operating in the Sea of Marmora, shelled a Turkish troop train, destroying seven cars and killing more than 200 soldiers. Australian casualties in the war up ; to date are 2,610 killed and 10,222 wounded, it was officially announced. Beginning Aug. 2 208 automobile rural free delivery routes, distributed among eight states were put into operation by the postoffice department. American bluejackets and marines are ransacking Port au Prince for arms. The Valdez Bank and Trust Co. has suspended business, with $16,000 liabilities and assets of $70,000. German snipers now wear greenish clothing and have their faces and guhs painted SO as to merge with the color of the landscape. A Constantinople dispatch to the Mittag Zeitung of Berlin reported that John Odell and W. O. Ruch, at Beaumont, Tex., attempting to save Tom Nicholson, from asphyxiation in an empty 600 barrel cypress oil tank, were overcome and all three died. A report circulated in the financial districts stated that the Westinghouse Electric Company has actual orders on its books which total be tween $60,000,000 and $70,000,000. The Wolverine and Mohawk Copper Mining Company, in paying their 1,200 employes, included an extra check for 5 per cent of the total wages of June as a bonus. Mrs. Theodore Roosevelt is sick and being taken East on a fast train. Accompanied by her husband she reached Chicago Sunday morning, Aug. 1. Judge Hand, in the United States district court, denied the motion for a receiver to take over the business of the American 5 and 10 Cent Stores. American dispatches to the London newspapers say that the recent intimation to the American Government that England will send another note soon indicates a reversal of British policy. "I have no political aspirations whatever, looking to the holding of office in the future," said William J. Bryan in a speech at Portland, Ore. The Wharton National Bank at Wharton, Tex., was closed by order of the comptroller of the currency. Illinois Central Chicago to Cairo passenger train was derailed just south of Anna, III., July 30. A double electrocution took place at the Eddyville, Ky., penitentiary, when Turner Graham, 24 years old, and Will Lane, 23, a negro wife murderer, were executed. a After balloting 12 hours without result, the jury in the case of George W. Ward, charged with killing his wife, was discharged at Whiteplains, Mo. Four girls were drowned at Flemington, Pa. They were: Esther Fisher, 20, and Thelma Floruss, 13, of Farmington; Marion Bower, 19, of Monument, Pa., and Erma Butterbaugh, 18, of Cherry Tree, Pa. A man was killed by lightning in a hollow tree, at Terre Haute, Ind., where he sought shelter during a storm. He is believed to be Roy Davis of Effingham, III. During the past two weeks the Italians have advanced five miles along the entire Isonzo front. The Austrian losses are estimated at 80,000. Secretary Wilson has departed for


Article from The Waxahachie Daily Light, August 25, 1915

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Article Text

# OFFICIALS OF WHARTON # BANK UNDER ARREST HOUSTON, Texas, August 25.-- President H. J. Bolton and Cashier B. R. Taylor of the Wharton Nation- al bank of Wharton were brought here Tuesday by a United States dep- uty marshal, charged with violation of the United States national bank- ing laws. Their bonds are fixed at $15,000 each. United States Attor- ney John Green filed the complaints against them Monday with the Unit- ed States commissioner and charges them with conspiracy to embezzle and misapply funds of the bank to the amount of $100,000. The bank was closed some time ago by the comptroller of the currency and has been in the hands of a receiver. Mr. Bolton, when brought here, had his neck swathed in bandages, having been attacked at Texas City by a man with a knife.