Citizens National Bank (Beaumont, TX)

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CHAIN OF BANKS CLOSED

Beaumont, Texas, Aug. 20.-President Oliver of the Citizens' National bank, which closed its doors yesterday, today wired the banks at Frost, Groesbeck, Barron and Hubbard City, in which he is interested, not to open their doors, and all of them today suspended pay ment for the time being.

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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.

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BEAUMONT BANK FAILURE

Suspension Due to Loans Made to the President. Washington, Aug. 21.-The Citizens National bank of Beaumont, Tex. which was closed Wednesday by Na. tional 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.

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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.

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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.

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BEAUMONT BANK FAILURE, 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.

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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.

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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.

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EXCESSIVE LOANS TO OLIVER.

This Was Cause of Suspension of Groesbeck Bank

Washington, Aug. 21.—Comptroller of the Currency today received a telegram stating 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 Examiner J. M. Hereford has been appointed receiver.

The failure of the bank is said to be due to the same causes which led to the closing of the Citizens National Bank, large excessive loans to Wood 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, were as follows: Resources, loans and discounts $173,321; United States bonds to secure circulation $12,500; real estate $10,000; due from banks and bankers, $33,403; 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 $5,351; individual deposits $84,376; notes and bills rediscounted and bills payable $60,245; total $233,902.

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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.

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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:

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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.

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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.

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More Banks Suspend

Beaumont, Texas, Aug. 21.-President Oliver, of the Citizens National bank, which closed its doors Wednesday, wired the banks at Frost, Groesbeck, Barron and Hubbard City, in which he is interested, not to open their doors, and all of them on Thursday suspended 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 are all represented among the banks as having overdrafts with the Citizens bank. Mr. Oliver declines to say why he ordered his banks closed.

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Oliver Makes Assignment

Beaumont, Tex., Aug. 29.-Rod Oliver, president of the recently suspended Citizens' National Bank, made a general assignment to-day for the benefit of his creditors. No statement was filed. Mr. Oliver is believed to be wealthy. He is the president of four other banks, all of which have been closed since the failure here.

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Failure of Red Oliver

BEAUMONT. Tex., Aug. 29.-Red Oliver, president of the recently suspended Citizens' National Bank, made to-day a general assignment to R. E. Prince, of Corsicana, for the benefit of his creditors. No statement was filed. A general belief exists that Mr. Oliver has an estate of $500,000. He is president of four other banks, all of which have closed since the failure here.

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Made General Assignment

Beaumont, Texas, August 29.-Rod Oliver, president of the recently suspended Citizens' National Bank, made a general assignment today for the benefit of his creditors. No statement was filed. Mr. Oliver is believed to be wealthy. He is the president of four other banks. all of which have been closed since the failure here.

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Receiver Has Charge

Beaumont, Tex., Sept. 22.-Christopher Williams of Chicago has qualified as receiver of the Citizens' National bank and taken charge.

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Appointed Permanent Receiver

The controller of the currency has appointed Christopher L. Williams permanent receiver of the Citizens' National Bank of Beaumont, Texas, to succeed National Bank Examiner Logan. Mr. Williams has had considerable experience in the liquidation of insolvent national banks, and is receiver of the Somerset National Banking Company of Somercet, Ky., the ffairs of which are practically wound up

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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.

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Williams Made Receiver

Washington, Sept. 24.-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 liquidation of insolvent national banks.

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BANK RECEIVER APPOINTED

Christopher L. Williams has been appointed permanent receiver of the Citizens' National Bank of Beaumont, Tex., to succeed National Bank Examiner Logan. Mr. Williams is receiver of the Somerset National Banking Company of Somerset, Ky., the affairs of which are nearly wound up, and has had much experience in the liquidation of insolvent national banks.

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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

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Williams Receiver of Bank

Washington, September 24.-The comptroller 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 liquidation of insolvent national banks.