National Bank (Denison, TX)

Episode Information

Episode UID
444701124
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
44470 national
Charter Number
4447
Start Date
August 12, 1893
Location
Denison, Texas (33.756, -96.537)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ef32189d0baf1aae

Response Measures

None

Description

The 1907 article describes a regional (northern Texas) week-long bank closing that likely applied to Denison but does not name the bank explicitly.

Events (3)

1. October 16, 1890 Chartered
Source
historical_nic
2. August 12, 1893 Other
Newspaper Excerpt
The National Bank of Denison is winding up the affairs of the suspended bank.
Source
newspapers
3. October 28, 1907 Suspension
Cause
Government Action
Cause Details
Banks in Oklahoma, Indian Territory, Arkansas and northern Texas closed for one week by proclamation/collective action to protect against runs.
Newspaper Excerpt
Acting Governor Filson today issued a proclamation closing the banks of the territory for one week, on demand of the bankers.
Source
newspapers

Newspaper Articles (2)

Article from The Sun, August 13, 1893

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Article Text

BANKS IN TROUBLE. The First National Bank or Gadaden, Ala. Suspends. GADSDEN. Aug. 12.-The First National Bank suspended payment this morning. with a capital stock of $50,000: deposits of $80,000. The directors assure depositors that they will be paid in full. MCALLISTER, I. T., Aug. 12-The South MoAllister Bank has gone into liquidation for the purpose of suspending. All depositors will be paid in full. The National Bank of Denison is winding up the affairs of the suspended bank. SAN FRANCISCO. Aug. 12.-Upon application of several creditors. Judge Garber yesterday afternoon made an order citing the Pacific Bank to show cause on Aug. 24 why it should not be adjudged insolvent. and surrender its estate for the benefit of its creditors. TERRE HAUTE. Ind.. Aug. 12.-When the banking hour came this morning the following sign was suspended in front of the Prairie City Bank: Owing to stringency in the money market this bank has gone into liquidation. The statement will soon be ready." The bank is a private concern of which John S. Beach is President. Mr. Beach assigns all his real estate in this city and in Florida to G. v. Marshall. the assignee. M. R. McKeen holds a mortgage of $50,000 on the property to secure a note drawn by Mr. Beach. Mr. Beach is treasurer of the Terre Haute Savings Bank. and his property is also subject to mortgages held by J. G. Williams. a director, to cover the money deposited with the Prairie City by the savings bark. MONTICELLO, III.. Aug. 12-The banking house of W. W. Beatty. known as the Mansfield Bank at Mansfield, III., yesterday made an assignment to A. J. Langley. whose bond was fixed at $25,000. Liabilities. $106,759: assets, $135,000. principally real estate in Platt county and Chicago. NASHVILLE, Aug. 12.-The People's Bank at Lewisburg failed to open its doors this morning. This suspension 18 due to the suspension of the First National and American National Banks of Nashville. a constant drain by de. positors. and failure to collect. The President and cashier state that the bank is in first-class condition. and they are confident that it will be able to resume in a few days or AS soon RS a meeting of the stockholders and depositors can be held. COLUMBIA, Pa.. Aug. 12.-The following notice was posted on the doors of the bank of E. K. Smith this morning: Closed for the present to liquidate." Deposits are estimated at $100,000. and it is believed depositors will be paid in full. E. K. Smith confessed judgment last night in favor of his wife in the sum of $36,167.49.


Article from The Laramie Republican, October 28, 1907

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Article Text

Oklahoma Banks Close for Week. Oklahoma City, Okla., Oct. 28.-Acting Governor Filson today issued a proclamation closing the banks of the territory for one week, on demand of the bankers. This action was taken because the banks at Kansas City and St. Louis refused to forward cash to the banks of the southwest. Concerted Action Taken. It is said that a consultation of the bankers of Oklahoma, Indian territory, Arkansas and northern Texas by means of the telephone took place during the early hours today, and all have taken similar action. The closing is for the purpose of protecting the banks in case of a run.