Article Text
TEXAS BANK SUSPENDS San Antonio, Texas, Oct. 31.—The West Texas Bank has suspended payment.
West Texas Bank & Trust Company (San Antonio, TX)
Episode Information
- Episode Type
- Suspension → Reopening
- Start Date
- October 31, 1907
- Location
- San Antonio, Texas (29.424, -98.494)
- Bank Type
- trust
Metadata
Notes
Suspension described as voluntary and bank expected to resume; state commissioner intervened.
Events (1)
1.
October 31, 1907
Suspension
- Cause
- Correspondent
- Cause Details
- Temporary suspension attributed to tightness of the money market and refusal of northern/eastern bankers to ship cash; voluntary suspension to protect depositors.
- Newspaper Excerpt
- The West Texas Bank and Trust Company... suspended payment here this afternoon. It is a state bank. There was no run on it by depositors, and the suspension was voluntary, being ordered, so the officers say, to protect the depositors.
- Source
- newspapers
Newspaper Articles (11)
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TEXAS BANK SUSPENDS PAYMENT. [By Telegraph to The Tribune.] San Antonio, Tex., Oct. 31. - The West Texas Bank and Trust Company, with resources of more than $1,500,000 and individuati deposits amounting to more than $500,000, suspended payment here this afternoon. It is a state bank. There was no run on it by depositors, and the suspension was voluntary, being ordered, so the officers say, to protect the depositors. It is declared that the bank is solvent. The president is G. Bedell Moore, one of the richest men in Texas.
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SAN ANTONIO TRUST COMPANY CLOSES DOORS San Antonio. Oct. 31.-The West Texas Bank and Trust company of this city closed its doors under a temporary suspension of business today and is now in the hands of the state commissioner of Insurance and banking. The cause of the suspension is attributed to the tightness of the money market and the refusal of northern and eastern bankers to ship rosh. The West Texas Bank and Trust company is one of the principal banking institutions of San Antonio. T. B. Love, state commissioner of insurance and banking, arrived here from Austin tonight in answer to a
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TEXAN BANK SUCCUMBS. SAN ANTONIO, Texas, November I.-The West Texas Bank has suspended payment.
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Trust Company Fails. San Antonio, Tex., Nov. 1.-The West Texas Bank and Trust Co., of this city, closed its doors Thursday and is now in the hands of the state commissioner of banking. The cause of the suspension is attributed to the tightness of the money mraket. According to G. B. Moore, president, the company will soon be in condition to resume business. The last official statement of the bank showed a capital stook of $2,000,000 and deposits of $1,625,240.
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THIS BANK CLOSED Texas Trust Company in Hands of Receiver-Conditions in Other Plades. San Antonio, Nov 1.-The West Texas Bank and Trust Co of this city closed its doors under a temporary suspension yesterday, and is now in the hands of the state commissioner of insurance and banking. The cause of the suspension is attributed to the tightness of the money market. According to G. B. Moore, president, the company will soon be in condition to resume business. The last cincial statement of the bank showed a capital stock of $2.000,000 and deposits of $1,625,240.
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TEXAS BANK SUSPENDS Institution With Capital of Two MIIlions Is Temporarily Closed. SAN ANTONIO, TEXAS, October 31.The West Texas Bank and Trust Company, of this city, closed Its doors under a temporary suspension to-day, and is now in the hands of the State Commissioner of Insurance and BankIng. The cause of the suspension is attributed to the tightness of the money market. According to G. B. Moore, president, the West Texas Bank and Trust Company will soon be In condition to resume business. The last official statement of the bank shows that it had a capital stock of $2,000,000 and deposits of $1,625,240.
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Texas Bank Closes. (United Press Leased Wire.) San Antonio, Tex., Nov. 1.-The West Texas Bank & Trust Company, of this city, has closed its doors under a temporary suspension of business. The West Texas Bank is one of the principal banking institutions of the city.
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TEXAN BANK SUCCUMBS. SAN ANTONIO, Texas, November 1. The West Texas bank has suspended payment.
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TEXAS AUSTIN, Texas, Nov. 11.-It is understood that Attorney General Davidson is preparing an answer to the recent letter addressed to him by United States Senafor Joseph Welden Balley. It is probable that it will be given to the press soon for publication. WESTFIELD-Some preparation is being made to put down another test well for oil near Westfield. The new well will be near the International and Great Northern railroad, about two and onehalf miles south from the station. BRENHAM-At a meeting of the bankers here resolutions were adopted limiting withdrawals to $50 per day and pledging they will ship no money out of the city. SAN ANTONIO-The suspension of the West Texas Bank and Trust company, the state institution which closed its doors, is but temporary and the bank will resume business within a short time. AUSTIN-A telegram was received from the clerk of the supreme court of the United States stating that the case of D. Sullivan vs. the state of Texas would come up for hearing during the week beginning December 9. William E. Hawkins, assistant attorney general, will go to Washington to represent the state. If you want to go east, c. Haydock, Agent Illinois Central R. R., 118 W. 6th
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# TEXAS COTTON CROP. Commissioner Milner Says Figures Are Official. Austin, Nov. 23.-Commissioner of Agriculture Milner gave out his estimate of cotton crop of Texas for 1907 which he places at 1,987,887 bales. This is based on the fact that 86 percent of the present cotton crop in Texas as has been ginned. He compares the percentage of cotton crops which have been ginned up to Nov. 14 for the past four years in order to reach the conclusion of his present estimate. These percentages and figures, Commissioner Milner says, are official, as they are figures given of ginners' reports by the Federal government. An important conference of officers of the Texas National guard was held here in the adjutant general's department for the purpose of taking definite steps toward reducing the Texas National guard from a division to a brigade. The question of a successor to Major General William H. Stacy, as commander of the guard was also discussed. Plans for the next encampment were also debated. The following officers attended: Generals Newton, Stacy, Hulen and Scurry; Colonels Hutchings, Townsend, Lyon, Brynes and Delamater. A statement was given out by the department of agriculture showing the total number of bales of cotton ginned of this season's crop up to Nov. 1, which is 1,137,010 square and 52,550 round bales. State Bank Superintendant Love has announced the appointment of Thomas Shearon of Dallas to be special agent of and take charge of the Johnson City State bank, which suspended several days ago. Mr. Love is just back from San Antonio in connection with the West Texas Bank and Trust company. He says that the institution will be able to resume business within a short time.