First National Bank (Tyler, TX)

View Charter #3651 on SPMC View balance sheet

Episode Information

Episode UID
365101163
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
36510 national
Charter Number
3651
Start Date
November 30, 1896
Location
Tyler, Texas (32.351, -95.301)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
024f1bdfdcf3dc0d

Response Measures

Full suspension, Books examined

Other: Comptroller/bank examiner placed in charge and a receiver was later appointed; directors posted notice promising payment and attempted reorganization.

Receivership Details

Depositor recovery rate
58.5%
Date receivership started
1896-12-17
Date receivership terminated
1905-09-30
OCC cause of failure
Fraud
Share of assets assessed as good
6.4%
Share of assets assessed as doubtful
26.2%
Share of assets assessed as worthless
67.5%

Description

Receiver appointed Dec 17, 1896, confirming permanent closure.

Events (5)
1. March 21, 1887 Chartered
Source
historical_nic
2. November 30, 1896 Run
Cause
Bank Specific Adverse Info
Cause Details
Continued heavy withdrawals and inability to realize on assets after prior large withdrawals reduced liquidity
Measures
Directors posted notice suspending payment; officers attempted to procure cash and published statements to reassure depositors
Newspaper Excerpt
The First National bank suspended this morning ... owing to continued withdrawal of deposits
Source
newspapers
3. November 30, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors suspended payments due to continued withdrawals and inability to realize on assets
Newspaper Excerpt
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.
Source
newspapers
4. December 17, 1896 Receivership
Source
historical_nic
5. December 17, 1896 Receivership
Newspaper Excerpt
The comptroller of the currency has appointed G. F. Taylor receiver of the First National bank of Tyler, Tex.
Source
newspapers

Newspaper Articles (23)
1. November 30, 1896 Las Vegas Daily Optic Las Vegas, NM
Article from Las Vegas Daily Optic, November 30, 1896

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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.

2. December 1, 1896 The News & Observer Raleigh, NC
Article from The News & Observer, December 1, 1896

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Ashland, Pa., NOV. 30.-lacker COIliery, No. 5, at Park Place, Pa., owned by the Lehigh Coal Co., closed down to-day for an indefinite period, presumably for repairs. Eight hundred men and boys are thrown out of employment. MASSACHUSETTS WAVELET. Lawrence, Mass., Nov. 30.-The Pemberton mills, of Lawrence, started this morning, after a shutdown of five months. The mills employs eight hundred hands, but over 300 were turned away without work. The mills will run forty hours per week for the present, but will soon employ the eight hundred hands. WAVELET IN MAINE. Sanford, Me., Nov. 30.-The big plant of the Sanford Manufacturing Company resumed operations this morning after a long shutdown. About 800 people, or two-thirds of the full force, are at work and the others will be employed as soon as the general business outlook warrants. HIGH TIDE IN COLUMBIA. Columbia, N. C., Nov. 30.-(Special.)The Beaning Manufacturing Company, a lumber corporation, doing an extensive milling and logging business in Eastern Carolina, has executed a mortgage to E. W. Church, of Wall street, New York city, in the sum of $150,000, covering their mill property, and real and personal property of all kinds in Gates, Hertford, Bertie, Chowan, Washington, and Tyrell counties, North Carolina. This mortgage covers a large part of the standing timber trees in the above counties. RHODE ISLAND BILLOW. Westerly, R. I., Nov. 30.-All the paving cutters at the Smith Granite works were laid off to-night for an indefinite period. No work is the excuse assigned. The force has never before been laid off for this cause RIPPLE FROM TEXAS. Tyler, Tex., Nov. 30.-The First National bank suspended this morning, owing to continued withdrawal of deposits and inability to realize on assets. All depositors will be paid in full. The bank has a capital steck 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.

3. December 1, 1896 The Daily Ardmoreite Ardmore, OK
Article from The Daily Ardmoreite, December 1, 1896

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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.

4. December 1, 1896 Kansas City Daily Journal Kansas City, MO
Article from Kansas City Daily Journal, December 1, 1896

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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.

5. December 1, 1896 The Daily Texarkanian Texarkana, AR
Article from The Daily Texarkanian, December 1, 1896

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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.

6. December 1, 1896 Pine Bluff Daily Graphic Pine Bluff, AR
Article from Pine Bluff Daily Graphic, December 1, 1896

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TELEGRAPHIC NOTES. Important Events That Transpired Throughout the Country Yesterday and Last Night. The shoe factories of Lyan, Mass.. have announced a cut in wages of employes. * * * The operators of 200 looms at Lanchester (Mass.) mills have gone but on a strike. * * * Gen. Diaz takes the oath of office as President of Mexico today, making five consecutive terms he has held that position. *** Traffic on the Great Northern railroad, which was suspended on account of the blizzard which swept across the Northwest, has been resumed. +++ The Zenas Varnes carriage factory at St. Louis, was partially destroyed by fire last night. Loss estimated at $100,000. *** An effort is being made to settle the dockers' strike by arbitration. The strike is doing great damage to he shipping interests. * * * An ice gorge in the Chippewa river, near Eau Claire, Wis., caused an overflow and people were forced to flee for their lives. Many were frozen and much property was destroyed. + # + The First National Bank of Tyler, Texas, IS now defunct. It went to the wall yesterday morning. The capital was $200,000 with a surplus of $40,000. It is claimed that all depositors will be paid in full. *** The Missouri National Bank of Kansas city closed its doors Monday, owing to the heavy withdraws of one of its depositors. who drew out $50,000 in one lump. His action was quickly followed by others. H. A. Forman a national Bank examiner, of St. Louis, is now in charge of the bank.

7. December 1, 1896 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, December 1, 1896

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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.

8. December 1, 1896 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, December 1, 1896

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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.

9. December 1, 1896 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 1, 1896

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MISSOURI NATIONAL FAILS. Internal Dissension and Withdrawal of Large Deposits the Cause-Texas Bank Goes Down. Kansas City, Nov. 30.-The Missouri National bank closed its doors this morning, owing to the heavy withdrawals by one of its principal depositors. The deposits are $1,500,000. The bank was classed as one of the strongest in the Southwest. Shortly after 11 o'clock the following notice was placed on the door: "By order of the directors this bank has been closed, and is in the hands of the comptroller." This action was precipitated by withdrawal of $50,000 in one lump by Heim, a wealthy local brewer, whose action was quickly followed by others. The last statement issued by the bank showed $1,561,000 cash, and exchanges of $546,000. D. V. Rieger is president, and D. R. Covington cashier. In the panic of July, 1893, the Missouri National was one of the local institutions to go under, but it soon reopened. The bank had been open today just an hour when the comptroller took charge. The officers were too excited to make a statement. The same surprise was evidenced everywhere. No fears were expressed by other leading bankers that the failure would spread agitation. Two causes are assigned for the suspension. One is slow collections. and the other, the prime reason, is dissension among the directors. These finally led to a clash with the government. President Reiger said this afternoon: "I have little to say except that there is no doubt whatever that the depositors will get every dollar deposited here, and If the business is judiciously handled the stockholders should get fair returns." H. A. Forman, of St. Louis, national bank examiner for Missouri, is in charge. The bank operied for business at the usual hour this morning, and numerous persons made deposits before the closing notice had been posted. These deposits, according to Cashier Covington, will be paid back, probably in a few days. The bank had between 2,200 and 2,300 depositors, most of them for small amounts, and there are probably 120 stockholders of the concern. That the failure cannot involve, even indirectly, any member of the Kansas City Clearing House Association is the consensus of opinion among all the clearing house members; and an opinion that is expressed in no uncertain terms. At no time, it is claimed, has the cash reserve been held in all the banks at such a high percentage of demand deposits. From the twenty-four hour reports on currency made by the different cashiers of the various banks it would appear that since the election and as the direct result of the uneasiness felt in regard to the effect of the national election on monetary legislation, most of the local banks called in loans and hoarded up cash in their vaults until from 45 to 65 per cent. of all deposits were held in cash in the vaults. Condition of the Bank. Washington, Nov. 30.-The Missouri National bank has a capital of $250,000, and at the date of the last report the surplus and profits were $230,000; deposits were $1,131,000: due to other banks. 1294,000. The failure of the First National bank of Tyler, Tex., was also reported. It has a capital of $200,000; surplus and profits, $62,000: due to other banks, $9,000; deposits, $231,000; borrowed money, $224,000. Bank Examiner McDonald has been placed in charge.

10. December 1, 1896 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, December 1, 1896

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State. Many points in South Texas report sleet and snow. Four inches at Eagle Pass. Attempt to break out of the Cuero jail frustrated. Tom O'Neil shot by R. K. Bedell at Cuero. H. C. Traylor hit by a stray bullet. The norther at Galveston creates a brisk demand for coal, which sells at $7.50 to $10 a ton. Will Cooper. who killed Jesse Rudicil at Austin, gets two years. Appointments of the Texas conference announced. The secretary of war appoints a committee to ascertain the value of improvements made at the mouth of the Brazos. Land agents along the line of the Aransas Plass organize for the purpose of securing immigration. Rice Bros'. dry goods stock alt Waco damaged $15,000 by fire. A. J. Soape of Ennis and Brown Bros. & Co. of Milford, assign. First National bank of Tyler suspends. Dallas still excited over the robbery and shooting of Treasurer Coe. Colonel Frank Andrews of Houston mentioned as the next secretary of state. Chaplain M. C. Blaine and his daughter burned to death at Fort Ringgold. |

11. December 1, 1896 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, December 1, 1896

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First National of Tyler. Tyler, Texas, November 30.-The First National bank of this city failed this morning and did not open Its doors for business. The president of the bank, H. H. Rowland, placed a notice on its front door that all depositors would be paid in full. The bank directory gave out a lengthy statement, in which they stated that heavy withdrawais had for some time been made by depositors: that about the time of the failure of the City National bank here on October 18. 1896, $30,000 were withdrawn and that from November 21 to 28 between $70,000 and $80,000 had been taken out by depositors and that since the bank's public statement of October 6, 1896, the bank's liabilities in the shape of bills payable and rediscounts have been reduced over $61,000. The officials of the bank, anticipating heavy withdrawals this morning. made every effort to procure the cash to meet the demands of depositers, but the time in which TO secure such funds was too short and they falled to do so. The directory states that there will be an effort to reorganize the bank and to resume business with reasonable hopes of success. The failure of this bank caused an almost total collapse here, as it did nearly all the business of this community. The failure of this bank precipitated a small run on the Tyler National bank here, the officers of which got out and published a statement of its condition, which seemed to satisfy its depositors and the withdrawals ceased.

12. December 1, 1896 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, December 1, 1896

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BANK DOORS ARE CLOSED. The Missouri National of Kansas City Goes to the Mall. OVER ONE MILLION IN DEPOSITS Wrangling Among the Directors the Chief Cause - The First National of Tyler, Texas, Also Fails. Kansas City, Mo., November 30.-The Missouri National bank closed its doors this morning owing to heavy withdrawals of one of its principal depositors. Deposits are $1,500,000, but a statement of the bank's assets and liabilities are not yet obtainable. The bank was classed as one of the strongest in the West. Shortly after 11 o'clock the following notice was posted on the door: "By order of the directors this bank has been closed and is in the hands of the comptroller." This action was precipitated by the withdrawal of $50,000 in one lump by Mr. Heim, the wealthy local brewer, whose action was followed by others. The last statement issued by the bank showed deposits of $1,561,000 and cash exchanges amounting to $546,000. Its officials are: H. V. Rieger, president: D. R. r Cowington, cashier. In the panic of July, 1893, the Missouri National bank was one of the Institutions to go under, Lut it soon re-opened. The bank had been open today r for just an hour when the comptroller took charge of its affairs. The officers were thoroughly disconcerted by the action and r too excited to make a statement. e The surprise was great, other banks bea lieving the Missouri National had regained its prestige and was in good condition. No fears were expressed by other leading bankers that the failure would spread. Absolutely no figures of assets or liabilities are obtainable. This afternoon the officials flatly refused to make a statement regarding the bank's condition or whether it would likely resume business. The general opinion, however, is that .he second failure will ultimately end in the Lank winding up its affairs. Two causes are assigned for the suspension. One is slow collections. The other n reason, and the prime reason, was that there has been dissension among the directors. 8 These were of a character that they fin= ally led to clashing with the government, and it was thought best to close the doors of the bank and have things straightened 11 out. The latter statement was confirmed e by President Rieger this atternoon. 3 "I have little to say." he said to a reporter, "except that there IN no doubt whatdi ever that depositors will get every dollar

13. December 1, 1896 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, December 1, 1896

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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.

14. December 4, 1896 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, December 4, 1896

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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.

15. December 5, 1896 The Diamond Drill Crystal Falls, MI
Article from The Diamond Drill, December 5, 1896

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to mas am JOI Consionan R Su 46, or $17,601,977 less than during the preceding year. The public debt cutisuieDu SUM 1,676, 120,983 on June 30, 1895. Henry Powers, aged 33 years, a farmer iving near Marion, O., killed his wife nd then took his OWL life while temorarily insane. The Citizens' bank of Midlothian, Tex., has suspended business. W. E. Coe, county treasurer, was fataly shot by burglars in his office at Dalas. Tex. and robbed of $6,000. The passenger steamer City of Kalmazoo was burned at South Haven. Mich., and Robert Van Ostrand. Joseph Lang and Miss Rosa Germs perished in he flames. An immense ice gorge 30 feet high formed across the Chippewa river beow Chippewa Falls, Wis., and farms nd farm buildings along six miles of the Chippewa valley were under water. Zenas Varney's carriage factory in St. Louis was damaged by fire to the exent of $100,000. C. M. Blaine. aged 52. chaplain of the army post at Fort Ringgold, Tex., and is 11-year-old daughter were burned o death in their home. Mr. Blaine was 1 cousin of the late James G. Blaine. The next annual encampment of the G. A. R. will be held in Buffalo, N. Y., beginning August 23. The First national bank of Tyler. Tex., closed its doors with deposits of '000'183' The house of Sam Henderson (colored). near Conway, Ark., was burned nd five of his children perished in the lames. The desertions of sailors from the havy have left some of the ships with hardly sufficient men to man the vessels. George Edwin Dean. aged 12 years, nd John Selcer, aged nine, were Irowned at Des Moines, la., while skatng. The Missouri national bank of Kanas City closed its doors with deposits '000'121'1$ IC The richest and most extensive discovery of rock phosphate in the history f the world has been made in Tennesee in the counties of Davidson. Williamson. Rutherford and Maury. As the result of political unimosity )boothers white 'a "I pun 'A '1 cilled at Bethany, S. C., by L. J. Wiliams. a prominent politician. The report of Mr. Kimball. the general superintendent of the life-saving ervice, for the year ending June 30. hows that the crews saved and assisted o save 472 vessels, valued. with their argoes, at $4,853,110. The cost of mainlaining the service for the year was $1.United States Register Tillman, of the reasury, in his annual report states hat during the year there were issued 43,476 bonds of the value of $258,595. 50. and during the same period there vere cancelled 64,579 bonds of the value " Morello, the once three-year-old king of the turf, died near San Francisco. In his best days he was valued at $100,000. The two 16-year-old twin daughters of Riley Taft. of Orange, Mich., were nstantly killed at a railway crossing. A bill has been introduced in the Georgia legislature prohibiting the playing of football in the state; also prohibiting the sale of cigarettes or cigarette paper. The public debt statement issued on the 1st showed that the debt increased $8,270,203 during the month of November. The cash balance in the treasury was $835,961,529. The total debt, less the cash balance in the treasury, amounts to $1,221,126,257. The German-Ameriean bank at Portage. Wis., made an assignment for the

16. December 5, 1896 The Irish Standard Minneapolis, Saint Paul, MN
Article from The Irish Standard, December 5, 1896

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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.

17. December 18, 1896 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, December 18, 1896

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Day's List of Failures. Webb City, Mo., Dec. 17.-S. C. Corl, dry goods and clothing, here and at Joplin, assigned today. Liabilities, $30,000; assets, $40,000. Washington, D. C., Dec. 17.-The comp troller of the currency has appointed F. G. Taylor receiver of the First National bank of Tyler, Tex. New York, Dec. 17.-Libeler & Dass, printers and lithographers, today assigned to William S. Lewis without preferences. Liabilities about $80,000; assets, $40,000. New York, Dec. 17.-A special from Montreal says two heavy failures in the lumber trade are reported, the first being Patrick W. Donnelly, with liabilities of about $100,000, and the other Jo. seph Robert, with liabilities of $250,000. The assets in each case are mills, machin ery, lumber, etc. Washington, D. C., Dec. 17.-The First National bank of Beatrice, Neb., which suspended payment Sept. 1, 1896, having complied with the conditions imposed by the comptroller of the currency precedent to resumption, and its capital stock being unimpaired, has been permitted to re-open its doors for business. Wilmington, Del., Dec. 17.-Quigley & Mullen, wholesale grocers, failed today. Judgments were entered to the amount of $71,000. The failure is said to be due to the financial difficulty which befell the Golden Sceptre Mining company, organized in West Virginia, and in which the members of the firm are interested. William D. Mullen, Jr., is the treasurer of the company; Winfield S. Quigley is its gener al manager, and among the directors are ex-Senator Higgins and Dr. R. S. Law of San Francisco. The property of the company is situated in Granite county, Mont.

18. December 18, 1896 Evening Star Washington, DC
Article from Evening Star, December 18, 1896

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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.

19. December 18, 1896 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, December 18, 1896

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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.

20. January 1, 1897 St. Johnsbury Caledonian Saint Johnsbury, VT
Article from St. Johnsbury Caledonian, January 1, 1897

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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.

21. July 10, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, July 10, 1897

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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.

22. October 9, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, October 9, 1897

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SHORT TEXAS SPECIALS, VALLEY VIEW.-The Baptists closed a very successful meeting Sunday night. OAKWOOD.-Deputy Sheriff Ben Jones was thrown out of his road cart, his collar flicted. bone broken and severe contusions inDENTON.-The city council has passed a general occupation tax ordinance, covering the same ground as the State law on that subject. ROUND ROCK.-Dengue is here in mild form. Mrs. V. Dooley has been prostrated several days and Dr. J. H. Johnson has lately recovered. DENTON.-The temporary court house, built by the county for use while the new structure was being built, was sold to W. C. Wright for $3565. GAINESVILLE.-J. C. Wiltshire, farmer living about six miles southeast of a this city, was badly kicked by a horse and quite seriously hurt. CLEBURNE.-Booker, the little son of W. B. Featherston, was bitten Sunday by a copperhead snake. He has about recovered from the poison. NEW BIRMINGHAM.-The second lot of laborers, mostly negroes, left Rusk, passing through this place on their way to Garrison, on the Houston East anr West Texas raflroad. FORT WORTH.-The Fort Worth Driving Park association has figured up the results of its late race meeting sufficiently to show that from a financial standpoint the meeting was a success and a neat balance will be covered into the treasury. FORT WORTH.-Two good cattle deals were closed at this point. T. P. Stevens sold to John Scharbauer between 8000 and 10,000 head of stock cattle, the property of Winkins Bros. The cattle are now Crockett county and will be delivered in in Howard county. The price paid was $15 per head. Delivery will be made in November. L. M. Barkley also sold for Bush & Tillar of Colorado City 1500 head of 1 and 2-year-old steers. The name of purchaser and terms are private. TYLER.-Judge David E. Bryant of the United States district court, on application of the receiver of the First National bank of Tyler to have a receiver appointed and an injunction restraining any further ceedings on the part of the sheriff of Smith procounty and all others of the property

23. November 14, 1897 The Houston Daily Post Houston, TX
Article from The Houston Daily Post, November 14, 1897

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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.