First National Bank (Tyler, TX)

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TWO BANK FAILURES The Missouri National Bank of Kansas City is one of the Unfortunates. DAN STUART VERY SICK Mark Hanna Arrives in Washington to Prepare for the Grand Inauguration. FIVE CHILDREN BURNED KANSAS CITY, Mo., November 30 -The Missouri National bank, one of the largest banking institutions in this city, closed its doors, to-day, and is in charge of H. A. Forman, the national bank examiner. The failure was due to the money on hand running below the reserve required under the banking laws, and the papers among the assets being given a lower value by Examiner Forman than by the bank officials. The officers of the institution say they will pay all depositors in full. The failure created a surprise as the bank was generally understood to be in a sound condition. The last statement, made October 6th, showed the resources, $1,875,537.24 capital, $250,000. Examiner Forman says the condition of the bank is practically the same to-day as on October 6th. The only difference is the value of some of the assets No trouble is anticipated at any of the other Kansas City banks. WASHINGTON, D. C., November 30 -The First National bank of Tyler, Texas, failed to-day. At the date of the last report the capital was $200,000; surplus and profits, $62 000; due other banks, $9,000; due individual depositors, $231,000; borrowed money owed, $224,000. Bank Examiner Cannon was placed in charge of the bank.

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BIG BANK FAILURES

The First National at Tyler, Texas and Missouri National at Kansas City Close Their Doors Yesterday. Tyler, Texas, Nov. 30.-The First National bank of this city suspended business this ,morning. The closing of its doors created a sensation. The institution was organized in 1887. It had a capital stock of $200,000 and H. H. Howland, one of the most prominent financiers of East Texas, who was mainly instrumental in organizing the Texas Insurance company, was president. O. Loftin was vice president, J. D. Moody, cashier and J. H. Legrand, assistant cashier. The directors included the officers and John Durst, H. G. Askew, A. O. Agolfenbeauttle, A. P. Moore, E. P. Smith and J. J. Daglish. The report at the close of business for October 6, last, showed the total resources to be $772,485.56. Loans, $526,912.76. Deposits, $180,367.

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TYLER, TEX., BANK FAILS. Withdrawal of Deposits and Non-Negotiable Assets the Cause. Tyler, Tex., Nov. 30.-The First National bank suspended this morning. The following notice was posted on the door: "Owing to continued withdrawals of deposits and our inability to realize on assets, the directors deem it to the best interest of all to suspend payment. All depositors will be paid in full." The bank had a capital stock of $200,000 and $40,000 surplus according to the last sworn statement. It is the opinion of the officers that the bank will be speedily reorganized.

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Tyler, Texas, Nov. 30.-The First National bank suspended this morning. The following notice was posted on the door: "Owing to continued withdrawal of deposits and our inability to realize on assets, the directors deem it to the best interest of all to suspend payment. All depositors will be paid in full. [Signed.] "H. H. Rowland, Fresident." The bank hadcapital stock $200,000 and $40,000 surplus according to last sworn statement. It is the opinion of the officers that the bank will be speedily reorganized.

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TWO BANKS FAIL

The Missouri National of Kansas City -A Texas Bank Also. Kansas City, Nov. 30.-The Missouri National bank, one of the largest banking institutions in this city, passed into the hands of the comptroller of the currency this morning. The failure is due to the money on hand running below the reserve required under the banking laws and paper among the assets being given a much lower value by Examiner Forman than by the bank officials. Washington, Nov. 30.-The First National bank of Tyler, Tex., failed today. At the date of its last report the capital of the bank was $200,000; surplus and profits, $62,000; due individual depositors, $231,000; borrowed money owed, $224,000.

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TEXAS BANK SUSPENDS

Continued Withdrawal of De₁ osit Compels Closing of Tyler Bank. Tyler, Tex., Dec. 1.-The First National bank suspended yesterday morning. The following notice was posted on the door: "Owing to the continued withdrawals of deposits and our inability to réalize on assets, the directors deem it to the best interest of all to suspend payment. All depositors will be paid in full. "H. H. ROWLAND, President." The bank has a capital stock of $200,000 and $40,000 surplus, according to the last sworn statement. It is the opinion of the officers that the bank will be reorganized very soon.

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Texas Bank Suspends

TYLER, Tex., Nov. 30.-The First National bank suspended this morning. The bank had a capital stock of $200,000 and $40,000 surplus, according to the last sworn statement. It is the opinion of the officers that the bank will be speedily reorganized.

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BANK FAILS AT TYLER, Heavy Withdrawals Cause the First National to Close Its Doors, TYLER, Tex.. Dec. 1.-The wildest excitement prevailed here yesterday among the depositors of the First National bank when It was learned that institution had suspended payment. The first notice they had of it was when the following notice was read, which had been placed on the doors at 8:45 a. m. "To the depositors of the First Na. tional bank: Owing to the continued withdrawal of the deposits, and our in. ability to realize on our assets, the directors of this bank deem it to the best interest of all concerned to suspend pay. ment. All depositors will be paid in full." The bank is one of the largest in east Texas, having a capital stock of $200,000, with a $40,000 surplus, according to their last sworn statement. It is the opinion of the officers that the bank will be speedily reorganized.

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BANK FAILS AT TYLER

Heavy Withdraws's Canse the First National to Close Its Doors. TYLER, Tex. Dec. 2. -The wildest excitement prevailed here Monday among the depositors of the First National ban} when it was learned that institution had suspended payment. The first notice they had of it was when the following notice was read, which had been placed on the doors at 8;45 a. in. "To the depositors of the First National bank: Owing to the continued withdrawal of the deposits, and our inability to realize on our assets, the directors of this bank deem it to the best interest of all concerned to suspend payment. All depositors will be paid in full." The bank is one of the largest in east Texas, having a capital stock of $200,000, with a $40,000 surplus, according to their last sworn statement. It is the opinion of the officers that the bank will be speedily reorganized.

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GAVE A TRUST DEED

Tyler, Tex., Dec. 1.-(Special.)-H. H. Rowland, president of the First National Bank, which suspended payment yesterday, after conveying several pieces of real estate to different individuals, gave a deed of trust on all other real estate in this county to secure a number of others to the amount of about $30,000. J. D. Moody, cashier of the defunct bank, is made trustee.

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State

Stockholders and depositors of the First National bank of Tyler will endeavor to reorganize without the appointment of a receiver. Miss Roberts of Hillsboro ser.ously burned by her dress catching fire from a grate. Aunt Mary Marks dies at the Washing. ton county poor farm at the age of 119. George Laster killed by Alf Wells in Washington county. J. J. Cutts of Forney missing and fears entertained that he has been murdered. Seven convicts on a Milam county farm liberated by a masked man, who shoots the guard from ambush. S. C. Halverson of Tyler assigns. The supreme court holds that an agree. ment between a brower and retailer requiring the latter to handle only the brewer's beer is a violation of the antitrust law.

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Those good Times

Kansas City, Nov. 30.-The Missouri National Bank, the biggest bank in Kansas City, has just closed its doors. The failure is due to the money on hand running below the reserve required under the banking laws and paper among the assets being given a much lower value by Examiner Forman than by the bank officials. Mr. Forman is reticent regarding the exact condition of the bank and the officers of the institution say they have left everything to him. They assert, however. with apparent confidence that they will pay depositors in full, and no matter what occurs there will be a fair percentage left for stockholders. The failure created a surprise, as the bank was generally understood to be in a sound condition. Its last statement was made on Oct. 6, and showed resources at the close of business that day to be $1,875.537.24; its capital was $250,000.Examiner Forman says the condition of the bank is practically the same today as on October 6. The only difference is the value of some of the assets. The bank opened for business Jan. 2, 1891, with 3S depositors, and now has 2.685 depositors. During the panic in July, 1893, it was compelled to suspend, but remained closed only about 10 days. No trouble is anticipated at any of the other Kanass City banks. New York, Nov. 30.-Isaac Sweep & Co., wholesale dealers in watch cases, failed today. The firm has a branch in St. Louis. Liabilities, $75,000; nominal assets, $50,000. Washington. Nov. 30.-The First National Bank of Tyler, Tex., failed today at the date of its last report the capital stock of the bank was $200,000.

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Tuesday, Dec. 1. The First National bank of Tyler, Tex., has suspended. Glass manufacturers are trying to patch up their trust again. Sub-committees of the house have begun work on the appropriation bills. Max Alvary, the tenor, is said to be regaining health. He was reported not long ago as in a dying condition. The authorities at Carmaux have arrested 50 persons in connection with the socialist demonstration, and rioting of Sunday. The big plant of the Sanford (Me.) Manufacturing company has resumed operations after a long shut down. About 800 people are at work. Cholera is prevalent in Tokio and appears to be on the increase. Plague has made its appearance in Formosa and the Japanese there are dying in large numbers.

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Bank Receiver Appointed

The controller of the currency has anpointed G. F. Taylor receiver of the First National Bank of Tyler, Tex.

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Washington

The Lodge bill to restrict immigration passes the senate, Cubans, during the present trouble being exempted. The house passes the army appropria. tion bill. Members of the foreign relations committee will not be influenced by specuIntors who fear values will be disturbed if the Cuban resolution is passed. Suggested that Indian commissioners take the place of the present commissioner of Indian affairs. G. F. Taylor appointed receiver of the First National bank of Tyler,

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Tyler Bank Receiver

Washington, December 17.-The comptroller of the currency has appointed G. F. Taylor receiver of the First National bank of Tyler, Texas.

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Receiver Appointed

Tyler, Texas, December 19.-Judge Gordon Russell of the Seventh judicial district, sitting in chambers, last night appointed O. R. Roberts of this place temporary re. ceiver of the Texas Life Insurance company and cited the company to appear before the court on December 24 and show cause why the receivership should not be made permanent. The receiver is without powers. Dr. Driskell of this place is the plaintiff and B. B. Beard, the attorney who brought the suit. Roberts has been employed in the office of the company since it commenced business. The failure of the First National bank here on November 30, which was the company's depository. precipitated the present trouble. H. H. Rowland of Tyler is president of the company.

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RECEIVER FOR TYLER BANK

Tyler, Tex., Dec. 17.-(Special.)-Mr. G. F. Taylor received a telegram this afternoon from Comptroller of the Currency Eckles notifying him of his appointment as receiver of the First National bank and to report to the examiner in charge. Mr. Taylor will qualify and take charge of affairs tomorrow.

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TYLER BOND RECEIVER

Washington, Dec. 17.-The comptroller of the currency has appointed G. F. Taylor receiver of the First National bank of Tyler, Tex.

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SUSPENDED BUSINESS

Texas Life Insurance Company, Headquarters at Tyler. Tyler, Tex., Dec. 18.-(Special.)-The Texas Life Insurance company, which was organized here in March last with a capital stock of $100,000, has suspended business. A portion of the company's assets are tied up in the First National bank, which is now in the hands of a receiver.

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assigned; aggregate liabilities, nearly $500,000. The Chicago Consolidated Iron and Steel Co. assigned; liabilities, about $300,000. B. Hilton, Hughes & Co., successors to A. T. Stewart & Co., New York, made a general assignment and closed business; liabilities over $1,000,000. 31. The Kings County Elevated Railway Co. of Brooklyn placed in hands of a receiver. SEPTEMBER. 4. The First National bank of Helena, Mon., failed, with heavy liabilities. 26. The First National bank of Springville, N. Y., suspended. Wolf Bros.' dry goods establishment in Little Rock closed by attachments; liabilities, $500,000. OCTOBER. 6. The Car and Lumber Co. of Tyler, Tex., failed; liabilities, $250,000. John Maclean & Co., wholesale millinery, failed in Montreal; liabilities, $175,000. B. L. Price & Co., clothing manufacturers, failed; liabilities, $125,000. 7. The First National bank of Ithaca, Mich., failed. 14. The Marine National bank of Duluth failed. 15. The Bank of Commerce of Buffalo closed its doors. 16. Merchants' National bank of Atlanta failed. 19. The Western New York Preserving Co., at Buffalo, seized by the sheriff for debt; 11abilities, $167,323. Charles Bertrand & Co., merchants, of Isle Verte, Que., failed, with liabilities of $235,000. 29. The Mecosta County Savings bank, at Big Rapids, Mich., suspended. NOVEMBER. 20. The First National bank of Sioux City, Ia., failed. 23. The Dakota National bank of Sioux Falls failed. 30. The Missouri National bank, at Kansas City, passed into the hands of the comptroller of the currency. The First National bank of Tyler, Tex., failed. DECEMBER. 1. Gage & Felton, bankers and brokers, failed in Boston.

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Diebold automatic

burgiar-proof steel veult, with Sargent & Greenleaf triple timelock attachment. The vault is complete in every respect, highly finished. and has three interior money chests with independent combinations and fully equipped with metallic boxes. The following are the interior dimensions: 6 feet 4 inches high. 5 feet 4 snches broad, 7 feet long. Gus F. Taylor. receiver, First National 11 Bank. Tyler. Texas.

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THE DEFUNCT TYLER BANK

Gus Taylor, receiver of the defunct First National bank of Tyler, accompanied by his attorney, Mr. McIlwaine, was in the city today on business connected with the receivership. The failure of the First National bank about a year ago was a big thing and carried with it the downfall of several other concerns, chief of which was the Texas Life Insurance company. The insurance company had just been launched with bright prospects when the crash came and it had to go out of business. H. H. Rowland, reported to be worth half a million, was at the head of both the bank and the insurance company.