Citizens National Bank (Beaumont, TX)

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Episode Information

Episode UID
584101244
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
58410 national
Charter Number
5841
Start Date
August 20, 1903
Location
Beaumont, Texas (30.086, -94.102)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c384e880efc60d86

Response Measures

None

Receivership Details

Depositor recovery rate
95.3%
Date receivership started
1903-08-20
Date receivership terminated
1908-10-31
OCC cause of failure
Excessive lending
Share of assets assessed as good
41.7%
Share of assets assessed as doubtful
21.8%
Share of assets assessed as worthless
36.6%

Events (4)
1. May 31, 1901 Chartered
Source
historical_nic
2. August 20, 1903 Receivership
Source
historical_nic
3. August 20, 1903 Receivership
Newspaper Excerpt
Examiner Logan has been appointed receiver. The failure of this bank is due to the large loans made to the president, R. Oliver, and enterprises in which he was interested.
Source
newspapers
4. August 20, 1903 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examination showed estimated losses ~$229,000 and large loans/overdrafts to president R. (Rod) Oliver and enterprises in which he was interested
Newspaper Excerpt
The Citizens' National and Savings Bank was ... closed by Bank Examiner Logan
Source
newspapers

Newspaper Articles (23)
1. August 20, 1903 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, August 20, 1903

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BEAUMONT BANK FAILS. Rumors that the Bank Has $200,000 In Overdrafts. Beaumont, Tex., Aug. 19.-The Citizens' National and Savings Bank was this afternoon closed by Bank Examiner Logan, who has been here for several days looking over the affairs of the institution. Examiner Logan positively refused to say anything concerning the status of the bank's affairs, beyond saying that he had prepared a statement for the Comptroller of the Currency. It is rumored on the street that the bank has a large sum in paper which is alleged to be practically worthless. The bank was opened for business May 31, 1901. The capital stock was $100,000 and the deposits have ranged in the neighborhood of $500,000 until recently. The other banks in the city were prepared for the collapse. Their officers state that they have provided for any emergency that may arise tomorrow when the fact of the suspension becomes generally known and that no other bank will be affected by the crash. They declined to discuss the affairs of the Citizens Bank. The failed bank is officered by men who are well-known financially in the State, the published list of directors including ex-Governor J. S. Hogg, who is in the city now; Rod Oliver, J. S. Cullin, at the head of the big Texas Oil Company; R. E. Brooks and W. T. Campbell and E. J. Marshall, formerly members of the HoggSwayne Syndicate, which has made a great sum out of oil. Rod Oliver, President of the bank, is connected with a number of banks throughout the State. He is in the city and is thoroughly posted as to the affairs of the institution. He denied himself to all save intimate friends tonight. Governor Hogg tonight said- he was not a director; he had been elected, but had not accepted the place. He gave his own losses as "several thousand dollars."

2. August 20, 1903 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, August 20, 1903

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TEXAS BANK GOES UP Citizens' National of Beaumont Closed by Bank Examiner Logan. Beaumont, Tex., Aug. 19.-The Citizens' National & Savings bank was closed this afternoon by Bank Examiner Logan, who has been here for several days looking over the affairs of the institution. Examiner Logan positively refused to say anything concerning the status of the bank's affairs, except that he had prepared a statement for the comptroller of the currency. It is rumored on the street that the bank has a large sum in paper which is alleged to be practically worthless. It is also stated that there is $200,000 in overdratts. The bank was opened for business May 31, 1901. The capital stock was $100,000. and the deposits have ranged in the neighborhood of $500,000 until recently. The other banks in the city were prepared for the collapse. Their officers state that they have provided for any emergency that may arise tomorrow when the fact of the suspension becomes generally known. They say no other bank will be affected by the failure. The failed bank is officered by well known men, the published list of directors including ex-Governor J. S. Hogg, R. Oliver, J. S. Cullinan, at the head of a big Texas oil company; R E. Brooks and E. J. Marshall. Rod Oliver, who is president of the bank, is connected with a number of banks throughout the state. He denied himself to all save intimate friends tonight. Governor Hogg tonight said he was not a director; he had been elected. but had not accepted the place. He gave his own losses as "several thousand dollars."

3. August 21, 1903 The Billings Gazette Billings, MT
Article from The Billings Gazette, August 21, 1903

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TEXAS BANK CLOSED. Examiner Johnson Refuser to Discuss the Institution's Affairs. Beaumont, Tex., Aug. 20.-The Citizens National and Savings bank was closed Wednesday by Bank Examiner Logan who has been here for several days looking over the affairs of the institution. Examiner Logan refused to say anything concerning the status of the bank's affairs, except that he had prepared a statement for the comptroller of the currency. It is rumored on the street that the bank has a large sum in paper which is alleged to be almost worthless. It is also said that there is $200,000 in overdrafts. The bank was opened for business on May 31. 1901. The capital stock was $100,000 and the deposits have been in the neighborhood of $500,000 until recently. The other banks in Beaumont were prepared for the collapse. Their officers say they have provided for any emergency that may arise today when the fact of the suspension becomes generally known. They say no other bank will be affected by the failure.

4. August 21, 1903 Bismarck Daily Tribune Bismarck, ND
Article from Bismarck Daily Tribune, August 21, 1903

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BEAUMONT BANK FAILURE, I Suspension Due to Loans Made to the President. Washington, Aug. 21.-The Citizens' National bank of Beaumont, Tex., which was closed Wednesday by National Bank Examiner Logan, shows estimated losses amounting to $229,000 and doubtful items $49,000. Examiner Logan has been appointed receiver. The failure of this bank, it is stated, is due to the large loans to the president, R. Oliver, and enterprises in which he was interested.

5. August 21, 1903 The Saint Paul Globe Saint Paul, MN
Article from The Saint Paul Globe, August 21, 1903

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FOUR MORE BANKS IN TEXAS CLOSE Oliver, of the Citizens' National of Beaumont, Is Interested in All. BEAUMONT, Tex., Aug. 20.-President Oliver, of the Citizens' National bank, which closed its doors yesterday. today wired the banks at Trost, Groesbeck, Barron and Hubbard City, in which he is interested, not to open their doors and for all of them to suspend payment for the time being. They are involved in so far as Oliver is concerned, but are not known to be otherwise in trouble. They all had overdrafts with the Citizens' bank. The failure of the Citizens' National of this city has not affected the business houses of Beaumont.

6. August 21, 1903 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, August 21, 1903

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BEAUMONT'S BANK FAILURE. Due to Loans to President-Other Banks Doing Business. Washington, Aug. 20.-The Citizens National Bank of Beaumont, Texas, which was closed, yesterday. shows estimated losses amounting to $229,000 and doubtful items $49,000. Examiner J. H. Logan has been appointed receiver. The failure of this bank. it is stated, is due to the large loans made to President Oliver and enterprises in which he is interested.

7. August 21, 1903 The News & Observer Raleigh, NC
Article from The News & Observer, August 21, 1903

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LOGAN IS MADE RECEIVER. Failure of the Beaumont Bank Due to Large Loans Made its President (By the Associated Press.) Washington, Aug. 20.-The Citizens National Bank, of Beaumont, Texas, was closed yesterday after examination by National Bank Examiner J. M. Logan and a committee of the clearing house association which showed estimated losses amounting to $22,900 and doubtful items $49,000. Examiner Logan has been appointed receiver. The failure of this bank it is said, is due to the large loans made to the president, R. Oliver, and enterprises in which he is interested. The condition of the bank on June 9, 1903, as shown by the report to the Comp. troller of the Currency on that date shows loans and discounts $385,811; surplus fund and undivided profits $36,341. Individual deposits $432,704. Beaumont, Tex., Aug. 20.-All the banks except the Citizens opened for business as usual today. There was no run on them and it is not believed that any other institution will be affected. Local merchants as a rule had no accounts with the Citizens'. The capital of the bank is absorbed by the failure and about $180,000 in addition is involved, part of which represents the savings of poor people.

8. August 21, 1903 Bryan Morning Eagle Bryan, TX
Article from Bryan Morning Eagle, August 21, 1903

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THE BANK FAILURE. Report From Washington On Condition of the Beaumont Bank. Beaumont, Tex., Aug. 20.-AH banks except the Citizens' opened for business as usual. There was no run on the banks and it is not believed that any other institution will be affected. Local merchants, as a rule, have no accounts with the Citizens. The capital of the bank was absorbed by the failure. and about $180,000 in addition is involved. part of which represents the savings of poor people. Washington. Aug. 20-The Citizens' National bank of Beaumont, Tex., was closed Wednesday, after examination by National Bank Examiner J. M. Los gan and a committee of the Clearing House association. which showed entlmated losses amounting to $229,000 and doubtful items of $49,000. Examiner P Logan has been appointed receiver. 11 The failure of this bank is stated to be due to large loans made to President R. Oliver and enterprises in " which he was interested. The resources and liabilities of the bank on June 9, 1903, us shown by the report of condition made by the comptroller of the currency on that date, were as follows: Resources Loans and disc ounts, $385,811: United States bonds to secure circulation. $25,000; stocks securities, claims, etc., $12,740; real estate owned. $15,594: due from bank and bankers. $1440,830: cash and cash items, $19,780: total $600,767. Liabilities-Capital stock, $100,000: surplus fund and undivided profits. 1S $36,341: circulation $25,000: due to bank and bankers, $5711: individual deposits. $342,704: total. $599,751.

9. August 21, 1903 The Times Dispatch Richmond, VA
Article from The Times Dispatch, August 21, 1903

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BANK PRESIDENT BORROWED MONEY Citizens' National of Beaumont Closed and a Recelver Named. (By Associated Press.) WASHINGTON, D. C., August 20.-The Citizens' National Bank of Beaumont, Texas, was closed yesterday after examination by National Bank Examiner J. M. Logan, and a committee of the Clearing House Association, which showed estimated losses amounting to $229,000, and doubtful Items, $49,000. Examiner Logan has been appointed receiver. The failure of this bank. it is said, is due to the large loans made to the president, R. Oliver, and enterprises In which he is interested. The condition of the bank on June 9, 1903, as shown by the report to the Comptroller of the Currency on that date, shows loans and discounts, $385,811; surplus fund and undivided profits, $36,341; individual deposits, $432,704. BEAUMONT, TEXAS, August 20.-All the banks except the Citizens' opened for business as usual to-day. There was no run on them, and it is not beleived that any other institution will be affected. Local merchants, as a rule, had no accounts with the Citizens' The capital of the bank is absorbed by the failure and about $180,000 in addition is involved, part of which represents the savings of poor people.

10. August 21, 1903 The Sun New York, NY
Article from The Sun, August 21, 1903

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National Bank in Beaumont. Tex., Falls. WASHINGTON, Aug. 20.-The Citizens, National Bank of Beaumont, Tex., was closed yesterday after an examination by National Bank Examiner J. M. Logan and a committee of the Clearing House Association, which showed estimated losses amounting to $229,000 and doubtful items of $49,000. Examiner Logan has been appointed receiver. The failure of the bank is due to the large loans made to the president, R. Oliver, and enterprises in which he is interested.

11. August 22, 1903 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, August 22, 1903

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The majority, however, have only the 39 cents. FROM WASHINGTON. [Correspondence of the Alexandria Gazette.] Washington, D. C., August 22. Further confirmation of the fact that the Colombian Congress objected rather to the form than to the substance of the Panama canal treaty, and that it is still endeavoring to perfect an arrangement that will be acceptable to the United States while at the same time preserving the rights and dignity of Colombia, is conveyed in a dispatch from Foreign Minister Rico received by Mr. Herran today. It is dated Aug. 16th and is couched in most cordial terms. It says that the Colombian government is very anxious to bring about a satisfactory arrangement for the completion of the canal by the United States and is doing all it can to that end. It is learned that there were three reasons assigned by the Colombian government for that disapproval: (1) that Colombian sovereignty over the canal zone was impaired; (2) that there was no previous understanding on thepart of the Panama Canal Company with the Colombian government as to the sale of its property, and (3) that the injudicious action of the American Minister, Mr. Beaupre, in presenting dispatches asserting that no amendments of any kind would be accepted by the United States, contributed to the result. The local bookbinders' union, through President Robert D. Barrett and Secretary James A. Stockman, today issued a lengthly statement treating in detail with the case of W. A. Miller, the assistant foreman in the government printing office, who was expelled from the union, dismissed from the service on that account by Public Printer Palmer, and reinstated by order of President Roosevelt. Miller's personal character is bitterly attacked. The charge is made that he was twice before dismissed from the government service, once for deceiving the Public Printer by the claim that he had served his apprenticeship the second time for making one of the young women in the service believe that he was a single man. They further charge that Miller was first married in 1871 and that he married a second time before he had been divorced from his first wife. Cruel treatment of his first wife is also alleged. A large part of the statement is devoted to a discussion of Miller's conduct in office. He is denounced as incompetent and the assertion is made that he resorted to many mis-statements in placing reports on the work in his office to members of Congress and others. In a general way the statement reiterates the various charges previously made public by the union. The Comptroller of the Currency announced today that the Groesbeeck National Bank of Groesbeeck, Texas, was closed by the cashier on the 20th instant by direction of the president of the bank, as a result of the failure of the Citizens' National Bank of Beaumont, Texas. National Bank Examiner J. W. Hertford, has been appointed receiver. The failure of this bank is due to the same causes which led to the closing of the Citizens' NationalBank-large excessive loans to R. Oliver, who was president of both associations, and to enterprises in which he was interested. It is said that President Roosevelt will soon appoint a commissioner to investigate the scandals in connection with the sale of Indian lands. It is reported here that no agreement on a financial measure acceptable to the republican leaders of both houses of Congress has been reached, and as a result the President has entirely abandoned his intention of urging any specific financial legislation on Congress, as he would have done in his message when the special session assembles, had such an agreement been reached.

12. August 22, 1903 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, August 22, 1903

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Beaumont Bank "Busted." Washington, Aug. 21.-The Citizens' National bank of Beaumont, Tex., has been closed after examination by, National Bank Examiner J. M. Logan and a committee of the Clearing House association, which showed estimated losses amounting to $229,000 and doubtful items $49,000. Examiner Logan has been appointed receiver. The failure of this bank, it is stated, is due to the large loans made to the president, R. Oliver, and enterprises in which he is interested.

13. August 22, 1903 The Washington Times Washington, DC
Article from The Washington Times, August 22, 1903

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ANOTHER TEXAS BANK CLOSES ITS DOORS Result of Failure of Citizens' National, of Beaumont. The Comptroller of the Currency announced today that the Groesbeck National Bank, of Groesbeck, Texas, was closed by the cashier on the 20th instant, by direction of the president of the bank, as a result of the failure of the Citizens' National Bank, of Beaumont, Texas. National Bank Eminer J. W. Hertford has been appointed receiver. The failure of this bank is due to the same causes which led to the closing of the Citizens' National Bank-large excessive loans to R. Oliver, who was president of both associations, and to enterprises in which he was interested.

14. August 23, 1903 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, August 23, 1903

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ANOTHER TEXAS BANK. Groesbeck National Involved with the Beaumont Citizens' National. WASHINGTON, Aug. 22.-The controller of the currency to-day received a telegram stating that the Groesbeck National Bank, of Groesbeck, Tex., was closed by the cashier on the 20th inst., by direction of the president of the bank, as the result of the failure of the Citizens' National Bank of Beaumont. National Bank Examiner J. W. Hortford has been appointed receiver. The failure of this bank is said to be due to the same causes which led to the closing of the Citizens' National Bank-excessive loans to R. Oliver, who was president of both associations, and to enterprises in which he was interested. The resources and liabilities of the bank, as shown by the last report of condition to the controller of the currency June 9, 1903, were as follows: Resource-Loans and discounts, $173,321; United States bonds to secure circulation, $12,500; real estate, $6,300; due from banks and bankers, $37,102; cash and cash items, $4,678; total, $233,902. Liabilities-Capital stock, $50,000; surplus fund and undivided profits, $21,429; circulation, $12,500; due to banks and bankers, $3,351; individual deposits, $84,376; notes and bills rediscounted and bills payable, $62,245; total, $233,902.

15. August 23, 1903 New-York Tribune New York, NY
Article from New-York Tribune, August 23, 1903

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A TEXAS BANK CLOSED. Washington, Aug. 22.-The Controller of the Currency to-day received a telegram stating that the Groesbeck National Bank of Groesbeck, Tex., was closed by the cashier on August 20, by direction of the president of the bank, as a result of the failure of the Citizens' National Bank of Beaumont, Tex. J. W. Hertford, National Bank Examiner, has been appointed receiver. The failure of this bank is said to be due to the same causes which led to the closing of the Citizens' National Bank-large excessive loans to R. 01iver, who was president of both associations. and to enterprises in which he was interested. The resources and liabilities of the bank, as shown by the last report of condition to the Controller of the Currency, June 18, 1903, were:

16. August 24, 1903 The Atlanta Constitution Atlanta, GA
Article from The Atlanta Constitution, August 24, 1903

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Closed by the Comptroller. Washington, August 22.-The comptroller of the currency today received a telegram stating that the Groesbeck national bank, of Groesbeck. Tex., was closed by the cashier on the 20th instant by direction of the president of the bank as a result of the failure of the Citizens' national bank. of Beaumont. Tex. National Bank Examiner J. W. Hertford has been appointed receiver. The failure of this bank is said to be due to the same causes which led to the closing of the Citizens' national bank-large excessive loans to Rod Oliver. who was president of both associations. and to enterprises in which he was interested. The resources and liabilities of the bank as shown by the last report of condition to the comptroller of the currency, June 9, 1903, were as follows: Resources: Loans and discounts $173.321; United States bonds to secure circulation $12,500; real estate $6,300; due from banks and bankers $37,102: cash and cash items $4.678; total $233,902. Liabilities: Capital stock $50,000; surplus fund and undivided profits $21,429: circulation $12,500: due to banks and bankers $3,351: individual deposits $84,376; notes and bills rediscounted and bills payable $62,245; total $233,902.

17. August 26, 1903 Watertown Republican Watertown, WI
Article from Watertown Republican, August 26, 1903

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The Wabash (Ind.) Bridge and Iron company has assigned with liabilities estimated at $200,000. The Citizens' National and Savings bank of Beaumont, Tex., has been closed by the examiner. Henry G. Weil, leader of Wall street bears, has sold his seat on the New York exchange to A. M. Burden for $60,000. The fence about the Fort Belknap Indian reservation in Montana, which is 40 miles long and 60 miles wide, has been finished after years of work. Dan Patch broke the world's record for pacers by pacing a mile in 1:59 at Brighton Beach, N. Y. The Mason & Hamlin company, of Boston, one of the oldest piano and organ houses in the country, has assigned, with liabilities estimated at $1,000,000. The grand jury in Washington resumed its inquiry into the affairs of the post office department. Sixteen more bodies of victims of the recent mine explosion at Hanna, Wyo., have been recovered. At the fourth annual convention in Nashville, Tenn., of the National Negro Business Men's league, Booker T. Washington was reelected president. At Oyster Bay, N. Y., questions of national concern were discussed by the president with several callers. On complaint of Insurance Commissioner Folk, of Tennessee, the post office department has begun investigation of use of the mails by so-called wild cat companies. Gen. John C. Black, of Illinois, was elected commander in chief by the G. A. R. encampment at San Francisco. Boston was chosen for the encampment in 1904. The post office at Clinton, Wis., was entered by burglars and robbed of $300 in cash and $1,000 in stamps. The first race for the America cup failed because of light wind, with Reliance 16 minutes ahead of Shamrock III. at the turn. Miami and Fulton counties in Indiana were visited by remarkable hailstorms and thousands of acres of growing corn were completely ruined. "Lucky" Baldwin has ben elected mayor of Arcadia, Cal. President Oliver, of the failed Citizens' national bank of Beaumont, Tex., closed four other banks in which he was interested. The annual reunion of the Army of the Philippines will be held in St. Paul for four days, beginning August 31. A granite monument marking the site of the birthplace of the late President Chester A. Arthur was dedicated at Fairfield, Vt. A negro who assaulted and murdered Mary Jenkins, aged 13, at Halifax, N. S., was hanged by a mob. Because his wife threatened to leave him Robert Snowball shot her at Johnstown, Pa., and then killed himself. The battleship Missouri was successfully launched at Baltimore, Md. James Budd and Eugene Moss, both aged 16 years, were burned to death in an electric light tower at Saginaw, Mich., by touching a live wire. President Roosevelt declares that no discrimination will be practiced by the government against nonunion workmen and that the right to form unions is optional with employes. State Senator William P. Sullivan, of Missouri, was convicted at Jefferson City of soliciting bribe for votes and fined $100.

18. August 27, 1903 The Tomahawk White Earth, MN
Article from The Tomahawk, August 27, 1903

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LATER. Ten thousand members of the G.A.R. paraded at the San Francisco encampment. In the evening camp fires were held. The Citizens' National and Savings bank of Beaumont, Tex., has been closed by the examiner. A national convention of farmers will be held in Chicago on September 8 to form a combination to maintain prices and regulate distribution. Henry. G. Weil, leader of Wall street bears, has sold his seat on the New York exchange to A. M. Burden for $60,000. It is believed that the Colombian congress will so legislate with reference to the canal as to make possible the ratification at an early date of a new treaty. The Wabash (Ind.) Bridge and Iron company has assigned with liabilities estimated at $200,000. The collections of internal revenue for the month of July last were $22,168,480, a decrease compared with July, 1902, of $111,291. Dan Patch broke the world's record for pacers by pacing a mile in 1:59 at Brighton Beach, N. Y. The fence about the Fort Belknap Indian reservation in Montana, which is 40 miles long and 60 miles wide, has been finished after years of work. The grand jury in Washington resumed its inquiry into the affairs of the post office department. The Mason & Hamlin company, of Boston, one of the oldest piano and organ houses in the country, has assigned, with liabilities estimated at $1,000,000. Sixteen more bodies of victims of the recent mine explosion at Hanna, Wyo., have been recovered. At Oyster Bay, N. Y., questions of national concern were discussed by the president with several callers. William Koenig and Mrs. Anna Koenig were married at David City, being the first known instance in Nebraska of a man marrying his stepmother. Pope Leo's fisherman's ring, supposed to have been stolen, was found on his writing table. At the fourth annual convention in Nashville, Tenn., of the National Negro Business Men's league, Booker T. Washington was reelected president. The leading European powers are negotiating with a view to a joint naval demonstration against Turkey. Henry Melville, a Waukegan (III.) farmer. and Margaret Brown, of Louisville, Ky., both 70 years old, were remarried in the latter city after divorce 44 years ago.

19. August 29, 1903 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, August 29, 1903

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The Wabash (Ind.) Bridge and Iron company has assigned with liabilities estimated at $200,000. The Citizens' National and Savings bank of Beaumont, Tex., has been closed by the examiner. Henry G. Weil, leader of Wall street bears, has sold his seat on the New York exchange to A. M. Burden for $60,000. The fence about the Fort Belknap Indian reservation in Montana, which is 40 miles long and 60 miles wide, has been finished after years of work. Dan Patch broke the world's record for pacers by pacing a mile in 1:59 at Brighton Beach, N. Y. The Mason & Hamlin company, of Boston, one of the oldest piano and organ houses in the country, has assigned, with liabilities estimated at $1,000,000. The grand jury in Washington resumed its inquiry into the affairs of the post office department. Sixteen more bodies of victims of the recent mine explosion at Hanna, Wyo., have been recovered. At the fourth annual convention in Nashville, Tenn., of the National Negro Business Men's league, Booker T. Washington was reelected president. At Oyster Bay, N. Y., questions of national concern were discussed by the president with several callers. On complaint of Insurance Commissioner Folk, of Tennessee, the post office department has begun investigation of use of the mails by so-called wild cat companies. Gen. John C. Black, of Illinois, was elected commander in chief by the G. A. R. encampment at San Francisco. Boston was chosen for the encampment in 1904. The post office at Clinton, Wis., was entered by burglars and robbed of $300 in cash and $1,000 in stamps. The first race for the America cup failed because of light wind, with Reliance 16 minutes ahead of Shamrock III. at the turn. Miami and Fulton counties in Indiana were visited by remarkable hailstorms and thousands of acres of growing corn were completely ruined. "Lucky" Baldwin has ben elected mayor of Arcadia, Cal. President Oliver, of the failed Citizens' national bank of Beaumont, Tex., closed four other banks in which he was interested. The annual reunion of the Army of the Philippines will be held in St. Paul for four days, beginning August 31. A granite monument marking the site of the birthplace of the late President Chester A. Arthur was dedicated at Fairfield, Vt. A negro who assaulted and murdered Mary Jenkins, aged 13, at Halifax, N. S., was hanged by a mob. Because his wife threatened to leave him Robert Snowball shot her at Johnstown, Pa., and then killed himself. The battleship Missouri was successfully launched at Baltimore, Md. James Budd and Eugene Moss, both aged 16 years, were burned to death in an electric light tower at Saginaw, Mich., by touching a live wire. President Roosevelt declares that no discrimination will be practiced by the government against nonunion workmen and that the right to form unions is optional with employes. State Senator William P. Sullivan, of Missouri, was convicted at Jefferson City of soliciting bribe for votes and fined $100.

20. August 30, 1903 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, August 30, 1903

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Oliver Makes Assignment. Beaumont, Aug. 29.-Rod Oliver, President of the recently suspended Citizens' National Bank, made today a general assignment to R. E. Prince of Corsicana, for the benefit of his creditors. No statement was filed. A general belief esists that Mr. Oliver has an estate of $00,000. He is President of four other banks, all of which have been closed since the fallure here.

21. September 3, 1903 The Brandon News Brandon, MS
Article from The Brandon News, September 3, 1903

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Throughout the World Told in Pointed Paragraphs. WAVES FROM THE MAGIC WIRES Condensed and Served While Hot to Our Readers in Labor-Saving Slices.-Cream of Late Dispatches From the Four Quarters of the Globe. The British government has recognized the Zionist movement by offering a colony in East Africa. British yachtsmen have offered to meet the expense of a series of races between Reliance and Shamrock with crews exchanged. London opinion is that the Beirut epicode "opens up a new vista of alarming possibilities." The Mexican commission has recammended 1 to 32 as the maximum limit of coinage. Prince Ferdinand will not return to Sofia for fear of assassination. A company is forming in Chicago te erect buildings without union labor. The window glass business is demoralized by the strikes in the building trades. An unknown man was ground to pieces under a train near Gadsden, Ala. The fruit crop will be much smaller than usual this season. Caleb Powers has been convicted and sentenced to be hanged for the murder of Goebel. Sam Parks will conduct the New York strike from his cell at Sing Sing. Mr. Cleveland declared he had more interest in fishing then in the policies of the next administration. Swift & Co. have cornered lard for September delivery. A strike of miners in Missouri, Kansas and Indian Territory has been temporarily averted. David Dailey was killed at Maysville, Ky., by a negro in a trivial quarrel. Fire at Sour Lake, Tex., destroyed 150,000 barrels of oil. The American barkentine James H. Hamlen, from Jacksonville, Fla., to New York, went ashore on Diamond Shoals, near Cape Lookout, N. C., and is a total loss. Pittsburg has sent 5,000,000 bushels of coal south. Rod Oliver president of the recently suspended Citizens' National Bank, Beaumont, Tex., made a general assignment to R. E. Prince of Corsicana for the benefit of his creditors. The British Liberals, Radicals, Unionists and anti Chamberlainites are rejoicing over the government defeat in the Argyleshire election. The disclosures of the South African War Commission caused an outburst of indignation in England against the British war office. The European financial situation shows marked improvement. Henrik Ibsen, the Norwegian dramatist, who was reported to be near death, is in no immediate danger. A sergeant and six privates employed in the German Army magazine near Metz, have been arrested on the charge of selling to agents of a foreign power the secret of manufacturing a new bomb fuse. A dispatch from Moroceo says that alaige imperial force which was going to the relief of the troops, commanded by the sultan, has been surprised and almost annihilated by the insurgents. The charge of peonage against Marion Priostwood, a wealthy turpentine man, has been heard before United States Commissioner Turner at Tray, Ala.., with the result that the defendant, his son, who was the committing magistrate in the case, and Will Goodson, a tenant, who acted as constable, were bound over to await the action of the federal grand jury. The United Fruit Company will immediately replant the estates in Jamaica devastated by the recent hurricane, thus giving employment to thousands of people. The Socialist party in Germany is torn with dissensions, Emperor William, in a speech at the great banquet given at Cassel, attribnted his restless activity and zeal for Germany to the discipline of his tu-

22. September 25, 1903 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, September 25, 1903

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Washington. Sept. 24.-The comptroller of the currency has appointed Christopher L. Williams, present receiver of the Citizens National bank. Beaumont, Texas, to succeed National Bank Examiner Logan.

23. September 26, 1903 Bryan Morning Eagle Bryan, TX
Article from Bryan Morning Eagle, September 26, 1903

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Permanent Receiver. Washington. Sept. 25.-The controller of the currency has appointed Christopher L. Williams permanent receiver of the Citizens National bank of Beaumont. Tex., to succeed National Bank Examiner Logan. Mr. Williams has had considerable experience in the 'iquidation of insolvent national banks