Full suspension, Books examined
Other: Comptroller appointed a receiver (receivership) and solicited info from his examiner; receivership proceedings followed.
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A Texas Bank Fails. FORT WORTH, Tex., April 5. - -The City National bank of this city failed to open its doors this morning. On the door was posted this notice: "This bank has suspended payment by order of the board of directors. All depositors will be paid in full." City funds to the amount of $100,000 were on deposit there.
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TEXAS BANK FAILS. The City National, of Fort Worth, Closes Its Doors. FORT WORTH, Tex., April 5.-The City National Bank, of this city, failed to open its doors to-day. On the door was posted this notice: "This bank has suspended payment. By order of the board of directors. All depositors will be paid in full." This bank was the depository of the city treasurer, who has city funds to the amount of $100,000 on deposit there, but this did not prevent all city warrants being paid to-day. They were paid in full at another bank where arrangements had been made. The city deposits include sinking funds and bond interest funds. Elser, the city treasurer, was a director in the bank. His term as city treasurer expires on the 9th, but he will be unable to turn over funds to his successor. The bank is also the repository of the county treasurer and Knights of Pythias.. "The suspension," said President McCarthy, "was caused by the difficulty in making collections and the further fact that recently there have been heavy withdrawals by depositors, the withdrawals being the result of rumors detrimental to the bank, which were circulated in the city. The bank also had great trouble in getting discounts, which was another factor in the suspension." The deposits amount to $487,000; bills rediscounted, $49,000; assets, $35,000 above liabilities to depositors.
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K. of P. Not Embarrassed. CHICAGO, April - -The board of control, endowment rank, Knights of Ppthias, representing the insurance branch of that order and who have carried their principal account with the City National bank of Fort Worth, Tex., the depository of th , endowment rank, state that the temporary suspension of the City National bank will not in the least embarrass the endowment rank nor will a dollar of its funds be lost.
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Failure of a Texas Bank. W ASHINGTON, April 6.-Comptroller Eckles has received a telegram announcing that the City National bank of Fort Worth, Tex., has closed its doors. The bank has a capital of $300,000 with a surplus of $60,000. The exact causes of the suspension have not yet been reported. but it is stated that the bank had large state, county and society deposits which were suddenly withdrawn.
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Depositors Will be Paid, FORT WORTH, TEX., April 5.-The City National Bank, of this city, failed to open its doors to-day. On the door was posted this notice: "This bank has suspended payment by order of the board of directors. All depositors will be paid in full."
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CITY NATIONAL BANK SUSPENDS. DEPOSITORS WILL BE PAID IN FULL BEFORE LONG. TARRANT COUNTY AND FORT WORTH WILL NOT LOSE ANYTHING-WHAT THE PRESIDENT SAYS BROUGHT ABOUT THE ROUBLE-A STATEMENT.
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The Knights Will Lose Nothing. CHICAGO, April 6.-The board of control endowment rank Knights of Pythias, representing the insurance branches of that order and who have carried their principal account with the City National Bank, of Fort Worth, Tex., the depository for the endowmentrank, state that the temporary suspension of the City National Bank will not in the least embarrass the endowment rank, nor will a dollar of ing funds be lost, its balance being specially secured by a bond in more than double the amount.
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A. BATTLE ROYAL, Is the Contest for the Receivership of the City National. Washington, D. C., April 6-From the large number of candidates already announced for the position of receiver for the failed City National bank of Fort Worth, the politeal strength of the candidates and the desirability of the prize sought It is evident that Comptroller Eckles bus a battie royal on his hands. His desk today was covered with telegrams about the Texas applicants, and if this pace keeps
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K. of P. Money Tied Up. Lima, O., April 7.-The suspended City National bank, of Fort Worth, Tex. contained $140,000 belonging to the Endowment Rank of the Knights of Pythias. Supreme Chancellor Ritchle says the funds are amply secured, and that the order has abundant funds in other quarters to meet all obligations.
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PETER SMITH NAMED. Comptroller Eckels Makes Him City National Bank Receiver. Washington, April 9.-In spite of the fact that candidates for the receivership of the City National bank of Fort Worth continue to put In an appearance. the comptroller of the currency today decided to put an end to what looked to be an endless Increase, by appointing Colonel J. Peter Smith to the position. The commission in this case will be made out tomorrow. B. Townsend was today appointed postmaster for Adamsville, Lampasas county, vice T. J. Straley, resigned.
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COLONEL SMITH'S COMMISSION Made Out and Ready for Delivery, But the Directors Want to Resume. Washington, April 10.-The commission of Colonel J. Peter Smith of Fort Worth. as receiver of the City National bank of that city was made out today and ready for announcement when Comptroller Eckels res reived a telegram from the directors of the bank asking that the appointment of a rocelver be delayed until they could show their ability to resume business without further division of the bank's assets. The comptroller at once telegraphed asking upon what basis they expected to resume and miso wired to his examiner In charge as to the advisability of permitting Immediate resumption Until this is settled no receiver will be appointed, but whenever the appointment is made Colenel Smith will be appointed. No new candidates need therefore apply. 11. A. Stater was today appointed postmaster at Cade. in Navarro county, vice J. B. Carven, resigned. and J. T. McCarty at Lane Port, in Williamson county, vice J. C. Polloman, Jr., resigned.
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NATIONAL BUDGET. Bank Receivers Named-Peace in Sight for China-An American Physician's Consumption Cure. Washington, April 12.-The comptroller of the currency to-day appointed John Perry, of Kansas City, receiver of the National bank of Kansas City which suspended payments March 16, and John F. Smith, of Fort Worth, receiver for the City National bank of Fort Worth which suspended April 4.
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Two National Bank Receivery. The controller of the currency has appointed receivers of insolvent national banks as follows: Mr. John Perry of Kansas City, as receiver of the National Bank of Kansas City, Me., which suspended payment March 15, 1895; Mr. John P. Smith of Fort Worth, Texas, as receiver of the City National Bank of Fort Worth, Texas, which suspended payment April 4, 1895.
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Receiver of a Bank WASHINGTON, April 12.-The controller of the cureracy today appointed John Perry of Kansas City receiver of the National bank of Kansas City. Mo., which suspended payment on March 16. 1895, and John F. Smith of Fort Worth, Tex., receiver for the City National bank of Fort Worth, which suspended April 4, 1895.
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SUIT AGAINST THE BONDSMEN. PROPERTY OF MANY CITIZENS ATTACHED YESTERDAY. COMMISSIONERS OF TARRANT COUNTY MOVE TO PROTECT THE MONEY TIED UP IN THE SUSPENDED CITY NATIONAL BANK. IMPORTANT ACTION.
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SUED BY THE KNIGHTS. Fort Worth, Tex., April 15.-The supreme lodge, Knights of Pythias, has instituted suit against the City National bank for $150,000 deposits and interest due the order. The bank failed and is now in the hands of receivers.
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Bank Receivers Appointed. Washington, April 12.-The comptroller of currency today appointed John Perry of Kansas City receiver of the National Bank of Kansas City, which suspended March 16, 1895, and John F. Smith of Fort Worth, Texas, as receiver for the City National Bank of Fort Worth, which suspended April 4, 1895.
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CITY FUNDS MISSING. FORT WORTH. Tex., April 22. - Things have taken a different turn in the case of the suspended City National bank. Max Elser, late cashier and city treasurer of Fort Worth, was arrested on an indictment charging the embezzlement of funds to the amount of $114,754.40. Elser was admitted to buil in the sum of $1500.
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Fort Worth's Flurry. FORT WORTH. Tex., April 22. - Things have taken a different turn in the case of the suspended City National bank. Max Elser, late cashier and city treasurer of Fort Worth, was arrested on an indictment charging the embezzlement of funds to the amount of $114,754.40. Elser was admitted to bail in the sum of $1500.
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TREASURY DEPARTMENT-Offlce of the Comptroller of the Currency, Washington, D. C., April 12, 1895.-Nottee is hereby given to all persons who may have claims realnst the City National Bank of Fort Worth Texas, that the same must be presented to Mr. John P. Smith. receiver. within three months from this date, or they may be disallowed. James H. Eckels, Comptroller of the Currency.
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TREASURY DEPARTMENT-Office of the Comptroller of the Currency, Washington, D. C., April 12, 1895.-Notice is hereby given to all persons who may have claims against the City National Bank of Fort Worth, Texas, that the same must be presented to Mr. John P. Smith, receiver within three months from this date, or they may be disallowed. James II. Hokels, Comptroller of the Currency.
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Ne Want to close out 100 rs, and make $3 sing figure, though $4.50 rer to the actual value were $4, $5 and $6. out your spring suit with air of these Trousers. Sale until Saturday. See them played in our window. NASHER BROS, DIVIDEND DECLARED BY THE CITY NATIONAL BANK FORT WORTH. Receiver J. Peter Smith Made the Announcement Yesterday - As Amount Aggregating $500,000. It was announced yesterday by Oil J. Peter Smith, receiver of the Ct: National bank, that the bank WE ready to declare its first dividend. Col. Smith was seen at his office : the bank and