Newspapers conflict on receiver name (D. F. Smith vs. Dr. D. F. Stuart), so some details ambiguous.
Events (3)
1.December 21, 1885Run
Cause
Local Banks
Cause Details
Run occurred contemporaneously with problems at the City Bank; withdrawals by customers of City Bank precipitated nervousness and withdrawals at Houston Savings Bank.
Measures
Published an official statement distancing itself from City Bank liabilities
Newspaper Excerpt
The run on the Houston Savings Bank continued for a few hours this morning, and then gradually ceased.
Source
newspapers
+67 days
2.February 26, 1886Suspension
Cause
Local Banks
Cause Details
Heavy run on the bank at the time when the Houston City Bank failed recently, triggering closure
Newspaper Excerpt
The Houston Savings bank closed its doors this morning... Some of the bank's heaviest depositors withdrew their funds yesterday afternoon... a receiver for the bank be appointed.
Source
newspapers
same day
3.February 26, 1886Receivership
Newspaper Excerpt
D. F. Smith was appointed receiver this morning and the affairs of the bank are now in his hands.
Source
newspapers
Newspaper Articles (13)
1.December 22, 1885Savannah Morning NewsSavannah, GA
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Article Text
HOUSTON'S CRASH. Withdrawal of Large Deposits the Inamediate Cause. HOUSTON, TEX., Dec. 21.-The run on the Houston Savings Bank continued for a few hours this morning, and then gradually ceased. The savings bank published an official statement showing that it was not involved with the affairs of the City Bank, which suspended oa Saturday, beyond small sums amounting to $342 due from the latter bank. The suspension of the City Bank was precipitated by the withdrawal of large deposits by some of the oldest customers.
2.February 27, 1886The Daily TelegraphMonroe, LA
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Article Text
Bank Failure. ST. LOUIS, Feb. 27.-A special from Houston, Texas, to the Post-Dispatch states that the Houston Savings bank closed its duors y ;terday morning. Some of the bank's heaviest. depr citors withdrew their funds Thursday after afternoon and later in the day asked that a receiver be appointed: D. F. Smith W23 appointed receiver this morning. The affairs of the bank are now in his hands. Total : amount of money deposited with the bank is $250,000. It failure is due to the heavy run upon it at the time when the Houston City bank failed recently.
Failure of a Savings Bank. ST. LOUIS, Feb. 26.-A special from Houston, Texas, to the Post-Dispatch states that the Houston savings bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon, and later in the day asked that a receiver for the bank be appointed. D.T. Smith was appointed receiver this morning, and the affairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. The failure is due to a heavy run upon it at the time when the Houston city bank failed, recently.
4.February 27, 1886The ArgusRock Island, IL
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Article Text
Texas Savings Bank Gone Under. HOUSTON, Tex., Feb. 27.-The Houston Savings bank failed to open its doors Friday morning at the usual hour, causing great excitement among citizens and business men generally. Developments show that a petition was filed late Thursday night to have a receiver appointed, which was granted, Dr. David I. Stuart, of Stuart & Boyles, being appointed receiver. The de posits are estimated at $250,000.
5.February 27, 1886Los Angeles Daily HeraldLos Angeles, CA
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Article Text
Another Texas Bank Failure. ST. LOUIS, February 26.-A special from Houston, Texas, to the Post-Dis. patch states that the Houston Savings Bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning and the bank is now in his hands. The total amount of money deposited with the bank is $250,000. The failure is attributed to the heavy run upon it at the time when the Houston City Bank failed recently.
6.February 27, 1886Seattle Daily Post-IntelligencerSeattle, WA
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Article Text
Bank. HOUSTON (Tex.), Feb. 26.-The Houston Savings Bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon, and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning and the affairs of the bank are now in bis hands. The total amount of money deposited with the bank is $250,000. The failure is due to a heavy run on the bank at the time the Houston City Bank failed recently. No Indictments
7.February 27, 1886St. Paul Daily GlobeSaint Paul, MN
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Article Text
A Bank Succumbs. HOUSTON, Tex., Feb. 26.-The Houston Savings bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning and the affairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. Its failure is due to the heavy run upon it at the time when the Houston City bank failed recently.
8.February 27, 1886St. Paul Daily GlobeSaint Paul, MN
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Article Text
A Bank Succumbs. HOUSTON, Tex., Feb. 26.-The Houston Savings bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning and the effairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. Its failure is due to the heavy run upon it at the time when the Houston City bank failed recently.
9.February 27, 1886The Salt Lake HeraldSalt Lake City, UT
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Article Text
Bank Failure. ST. LOUIS, February 26.-A special from Houston, Texas, to the Post Disputch states that the Houston Savings Bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon, and later'in the day asked for a receiver for the bank to be appointed. D. F. Smith was appointed receiver this morning and the affairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. The failure is due to a heavy run upon it at the time when the Houston City Bank failed recently.
10.February 28, 1886The Ouachita TelegraphMonroe, LA
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Article Text
Bank Failure. ST. LOUIS, Feb. 27.-A special from Houston, Texas, to the Post-Dispatch states that the Houston Savings bank closed its doors yesterday morning. Some of the bank's heaviest depositors withdrew their funds Thursday after afternoon and later in the day asked that a receiver be appointed. D. F. Smith was appointed receiver this morning. The affairs of the bank are now in his hands. Total: amount of money deposited with the bank is $250,000. Its failure is due to the heavy run upon it at the time when the Houston City bank failed recently.
Assets and Liabilities, Special to the Gazette. HOUSTON, TRX., March 8.-Dr. D. F. Stuart, receiver of the Houston Savings bank, to-day submitted a sworn statement to Judge Masterson of the district court, of the liabilities and assets of the defunct: institution. Assets are $862,128.76. Liabilities $204,270.20. Surplus $97,858.56.
12.March 17, 1886The Abbeville Press and BannerAbbeville, SC
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Article Text
South and West.
# THE Houston (Texas) savings bank has failed.
WILBERN WARTENA, a Hollander, was hanged the other day at Rensselaer, Ind., for the murder of John Dreger, a farmer.
GEORGE A. PEET, manager of the Gullete Cotton Gin factory at Amite, La., was seized by a crowd of masked men, tied to a tree and terribly flogged. The reason assigned by the men for the act was that Mr. Peet had discharged a number of workmen.
On Friday, April 23, eight murderers are to be hanged in the Indian Territory.
DURING the past winter no less than 100 children have been burned to death in Georgia. The majority of them were left alone in the house of their parents.
On January 26 Mrs. Fannie Rich, of Cobleskill, N. Y., fled with Dr. H. S. Gale to the West, and finally took up quarters at St. Paul. The other day her husband arrived at the hotel where they were stopping and after a stormy interview Rich shot his wife dead and then killed himself.
ANOTHER heavy snow storm in the Northwest has blocked the railroads and greatly retarded business.
An explosion blew up the Miami Powder mills at Goes station, Ohio, and three men inside were torn into fragments.
WORK has been resumed in the McCormick Reaper works, Chicago.
A WESTERN syndicate with $20,000,000 capital is stated to have secured a monopoly in the manufacture of cotton seed oil.
FUNDS IN HAND.
Houston Savings bank, $1,445.49; Ball, Hutchins & Co., $1,813.48; First National bank, Austin, $1,496.64; Bonner & Bonner, Tyler, $600; W. T. Parish, Rusk, $4,495.37; cash on hand in safe, $3,114.37. Captain Braham, in a note attached to his statement, says: "The above amount, $1,444.49, that I had deposited in the Houston Savings bank at the time of its suspension, I have since paid back, and will take the amount lost in the Houston Savings bank to my private account.
HAYWOOD BRAHAM,
Financial Agent."
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
