Woods National Bank (San Antonio, TX)

Episode Information

Episode UID
731601295
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
73160 national
Charter Number
7316
Start Date
November 7, 1907
Location
San Antonio, Texas (29.424, -98.494)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1a800d8bf4d23d9f

Response Measures

None

Receivership Details

Depositor recovery rate
97.5%
Date receivership started
1907-11-09
Date receivership terminated
1912-10-31
OCC cause of failure
Losses
Share of assets assessed as good
68.1%
Share of assets assessed as doubtful
28.6%
Share of assets assessed as worthless
3.3%

Description

Contemporary dispatches report suspension Nov 7, 1907; later receivership and criminal conviction for embezzlement.

Events (5)

1. June 25, 1904 Chartered
Source
historical_nic
2. November 7, 1907 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension followed discovery of misappropriation/embezzlement by cashier and insolvency during the 1907 panic.
Newspaper Excerpt
San Antonio, Nov. 7.-The Woods National bank of this city suspended shortly after noon today.
Source
newspapers
3. November 9, 1907 Receivership
Source
historical_nic
4. April 23, 1908 Receivership
Newspaper Excerpt
The comptroller of currency this morning notified H. N. Morris, receiver of the Woods National Bank, to prepare to pay a dividend of 40 per cent to the creditors of the bank.
Source
newspapers
5. March 22, 1910 Other
Newspaper Excerpt
The Woods National bank failed during the panic of 1908... Will F. Woods, erstwhile cashier of the defunct Woods National bank, was taken to the Leavenworth federal penitentiary.
Source
newspapers

Newspaper Articles (14)

Article from The Laramie Republican, October 28, 1907

Click image to open full size in new tab

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.


Article from Arizona Republican, November 8, 1907

Click image to open full size in new tab

Article Text

SAN ANTONIO BANK SUSPENDS. San Antonio, Nov. 7.-The Woods National bank of this city suspended shortly after noon today.


Article from The Montgomery Advertiser, November 8, 1907

Click image to open full size in new tab

Article Text

Texas Bank Suspends. San Antonio, Tex., Nov. 7.-By order of the Board of Directors of the institution, the Woods National Bank of this city suspended shortly after noon today.


Article from The Marion Daily Mirror, November 8, 1907

Click image to open full size in new tab

Article Text

A National Bank Fails. San Antonio, Tex., Nov. 8.-By order of the board of directors of the institution, the Woods national bank, of this city, suspended Thursday. Its last statement showed deposits of $1,292,000


Article from The Cairo Bulletin, November 8, 1907

Click image to open full size in new tab

Article Text

TEXAS BANK SUSPENDS. San Antonio, Tex., Nov. 7.-By order of the board of directors of the institution the Woods National Bank of this city suspended today. The liabilities statement of August 22 last shows a capital and surplus of $215,862, circulation $200,000; deposits $1.292,256.


Article from Bryan Morning Eagle, November 8, 1907

Click image to open full size in new tab

Article Text

Bank Suspends Payment. San Antonio, Nov. 7.-Woods National bank has suspended payment. The statement is made that It is sol vent.


Article from Troy Weekly News, November 15, 1907

Click image to open full size in new tab

Article Text

NEWS OF THE WORLD SHORT DISPATCHES FROM ALL PARTS OF THE GLOBE. A Review of Happenings In Both Eastern and Western Hemispheres During the Past Week-National, Historical, Political and Personal Events. The Woods National bank has suspended at San Antonio, Texas. Silas Reid has been appointed judge of the district court of Alaska. Engineer Thomas Hancock and Fireman Claude R. McDonald were asphyxiated by gas from their engine in the Busk tunnel, nine miles west of Leadville, Col. The directors of the Bank of England have put up the minimum discount rate from 6 to 7 per cent. At Los Angeles, Cal., Judge Olin Wellborn, in the United States court, recently fined the Atchinson, Topeka & Santa Fe Railroad company $33,000 for rebating. Amsterdam-Minister of State Jonkheer Van Panhuys, his son, mayor Oi De Leek, and wives, were drowned recently while out driving, their carriage falling into the canal Hoogvhork dun ing a dense fog. Four persons are said to have been burned to death and six others are mis sing and may have lost their lives 1 a fire in Chicago Saturday. A seat on the New York stock ex change was sold Monday for $60,000 the lowest price recorded since 1904 when a seat was disposed of for $57 000. Rear Admiral Henry W. Lyon wa retired from the navy Monday on a count of reaching the age limit. In a pistol duel at Reno, Nev., Police man Charles Brown was shot and pro ably fatally wounded by a trio of thugs Before he was shot Brown killed one of his assailants, and Archie Burrie an employe of the Southern Pacific was shot in the side. Mr. and Mrs. William K. Vanderbilt Jr., have an heir. The baby is a boy He will inherit fully $20,000,000 from his father's side of the house, and perhaps twice as much from his mother who was Miss Virginia Fair. More than 800 men are now engage in construction work on the Rexfor branch, between Fernie and Michel B. C. Emperor William will see Secretary Taft at Osborne house, Isle of Wight. during the former's visit to England At Baltimore, Md., recently Mrs Cornelia McKelvie twisted a United States flag into a rope and with it committed suicide by hanging hersel: to a door. At Muncie, Ind., the four-story building occupied by the Joseph Goddard wholesale grocery store and covering a quarter of a block, burned recently. Loss $200,000. The Roman Catholic church at Longue Point, probably the oldest church in the province of Quebec, was destroyed by fire recently. The loss was $75,000, with $16,000 insurance. Lumber is the only industry of eastern British Columbia whose condition is not satisfactory. The mines are working a greater number of men and, with the rise in the price of copper and the expected rise in the price of lead and silver, more properties are yet opening. Advices from Rome say that Pope Pius is suffering from an attack of heart trouble. A hurricane swept over Marseilles recently, causing immense damage to docks and waterfront property. A self-propelling steam passenger coach, the first to be operated in the United States, is to be put in service this week on a branch of the Rock Island railroad. The car has made a trial trip from Chicago to Joliet and return. A speed of from 40 to 50 miles an hour was maintained over a greater part of the route. Professor Joseph H. Drake of the law department of the University of Michigan startled his class recently by declaring that he would favor electing Roosevelt king of his country. The students at first took the statement as a joke, but it was reiterated. and Professor Drake asserted that it was given with all seriousness and sincerity. At a monster open air demonstration in New York General Booth, founder of the Salvation Army, who has since sailed for Europe, bade his soldiers in this country and the American people generally farewell Saturday. By the arrest of Haynes Wimberly and Otis Mayes detectives have frustrated a plan to flood El Paso. Texas.


Article from The Kendrick Gazette, November 15, 1907

Click image to open full size in new tab

Article Text

SUMMARY OF NEWS SHORT CONCISE ITEMS FROM DISPATCHES. NEARLY ALL PARTS OF THE WORLD REPRESENTED HEREWITH. The Woods National bank has suspended at San Antonio, Texas. Silas Reid has been appointed judge of the district court of Alaska. Engineer Thomas Hancock and Fireman Claude R. McDonald were asphyxiated by gas from their engine in the Busk tunnel, nine miles west of Leadville, Col. The directors of the Bank of England have put up the minimum discount rate from 6 to 7 per cent. At Los Angeles, Cal., Judge Olin Wellborn, in the United States court, recently fined the Atchinson, Topeka & Santa Fe Railroad company $33,000 for rebating. Amsterdam-Minister of State Jonkheer Van Panhuys, his son, mayor of De Leek, and wives, were drowned recently while out driving, their carriage falling into the canal Hoogvhork during a dense fog. Four persons are said to have been burned to death and six others are missing and may have lost their lives in a fire in Chicago Saturday. A seat on the New York stock exchange was sold Monday for $60,000, the lowest price recorded since 1904, when a seat was disposed of for $57,000. Rear Admiral Henry W. Lyon was retired from the navy Monday on account of reaching the age limit. In a pistol duel at Reno, Nev., Policeman Charles Brown was shot and pro ably fatally wounded by a trio of thugs. Before he was shot Brown killed one of his assailants, and Archie Burrie, an employe of the Southern Pacific, was shot in the side. Mr. and Mrs. William K. Vanderbilt Jr., have an heir. The baby is a boy. He will inherit fully $20,000,000 from his father's side of the house, and perhaps twice as much from his mother, who was Miss Virginia Fair. More than 800 men are now engaged in construction work on the Rexford branch, between Fernie and Michel, B. C. Emperor William will see Secretary Taft at Osborne house, Isle of Wight, during the former's visit to England. At Baltimore, Md., recently Mrs. Cornelia McKelvie twisted a United States flag into a rope and with it committed suicide by hanging herself to a door. At Muncie, Ind., the four-story building occupied by the Joseph Goddard wholesale grocery store and covering a quarter of a block, burned recently. Loss $200,000. The Roman Catholic church at Longue Point, probably the oldest church in the province of Quebec, was destroyed by fire recently. The loss was $75,000, with $16,000 insurance. Lumber is the only industry of eastern British Columbia whose condition is not satisfactory. The mines are working a greater number of men and, with the rise in the price of copper and the expected rise in the price of lead and silver, more properties are yet opening. Advices from Rome say that Pope Pius is suffering from an attack of heart trouble. A hurricane swept over Marseilles recently, causing immense damage to docks and waterfront property A self-propelling steam passenger coach, the first to be operated in the United States, is to be put in service this week on a branch of the Rock Island railroad. The car has made a trial trip from Chicago to Joliet and return. A speed of from 40 to 50 miles an hour was maintained over a greater part of the route. Professor Joseph H. Drake of the law department of the University of Michigan startled his class recently by declaring that he would favor electing Roosevelt king of his country. The students at first took the statement as a joke, but it was reiterated. and Pro fessor Drake asserted that it was giv en with all seriousness and sincerity At a monster open air demonstra tion in New York General Booth founder of the Salvation Army, who has since sailed for Europe, bade his soldiers in this country and the Amer ican people generally farewell Satur day. By the arrest of Haynes Wimberly and Otis Mayes detectives have frus


Article from The Newport Miner, November 16, 1907

Click image to open full size in new tab

Article Text

NEWS OF THE WORLD SHORT DISPATCHES FROM ALL PARTS OF THE GLOBE. A Review of Happenings In Both Eastern and Western Hemispheres During the Past Week-National, Historical, Political and Personal Events. The Woods National bank has suspended at San Antonio, Texas. Silas Reid has been appointed judge of the district court of Alaska. Engineer Thomas Hancock and Fireman Claude R. McDonald were asphyxiated by gas from their engine in the Busk tunnel, nine miles west of Leadville, Col. The directors of the Bank of England have put up the minimum discount rate from 6 to 7 per cent. At Los Angeles, Cal., Judge Olin Wellborn, in the United States court, recently fined the Atchinson, Topeka & Santa Fe Railroad company $33,000 for rebating Amsterdam-Minister of State Jonkheer Van Panhuys, his son, mayor of De Leek, and wives, were drowned recently while out driving, their carriage falling into the canal Hoogvhork dur ing a dense fog. Four persons are said to have been burned to death and six others are missing and may have lost their lives it a fire in Chicago Saturday. A seat on the New York stock exchange was sold Monday for $60,000, the lowest price recorded since 1904. when a seat was disposed of for $57, 000. Rear Admiral Henry W. Lyon wa retired from the navy Monday on a( count of reaching the age limit. In a pistol duel at Reno, Nev., Police man Charles Brown was shot and pro ably fatally wounded by a trio of thugs. Before he was shot Brown killed one of his assailants, and Archie Burrie, an employe of the Southern Pacific, was shot in the side. Mr. and Mrs. William K. Vanderbilt Jr., have an heir. The baby is a boy. He will inherit fully $20,000,000 from his father's side of the house, and perhaps twice as much from his mother, who was Miss Virginia Fair. More than 800 men are now engaged in construction work on the Rexfor branch, between Fernie and Michel, B. C. Emperor William will see Secretary Taft at Osborne house, Isle of Wight, during the former's visit to England. At Baltimore, Md., recently Mrs. Cornelia McKelvie twisted a United States flag into a rope and with it committed suicide by hanging hersel to a door. At Muncie, Ind., the four-story building occupied by the Joseph Goddard wholesale grocery store and covering a quarter of a block, burned recently. Loss $200,000. The Roman Catholic church at Longue Point, probably the oldest church in the province of Quebec, was destroyed by fire recently. The loss was $75,000, with $16,000 insurance. Lumber is the only industry of eastern British Columbia whose condition is not satisfactory. The mines are working a greater number of men and, with the rise in the price of copper and the expected rise in the price of lead and silver, more properties are yet opening. Advices from Rome say that Pope Pius is suffering from an attack of heart trouble. A hurricane swept over Marseilles recently, causing immense damage to docks and waterfront property. A self-propelling steam passenger coach, the first to be operated in the United States, is to be put in service this week on a branch of the Rock Island railroad. The car has made a trial trip from Chicago to Joliet and return. A speed of from 40 to 50 miles an hour was maintained over a greater part of the route. Professor Joseph H. Drake of the law department of the University of Michigan startled his class recently by declaring that he would favor electing Roosevelt king of his country. The students at first took the statement as a joke, but it was reiterated. and Professor Drake asserted that it was given with all seriousness and sincerity. At a monster open air demonstration in New York General Booth, founder of the Salvation Army, who has since sailed for Europe, bade his soldiers in this country and the American people generally farewell Saturday. By the arrest of Haynes Wimberly and Otis Mayes detectives have frustrated a plan to flood El Paso, Texas, with forged clearing house certificates.


Article from Pullman Herald, November 16, 1907

Click image to open full size in new tab

Article Text

SUMMARY OF NEWS SHORT CONCISE ITEMS FROM DISPATCHES. NEARLY ALL PARTS OF THE WORLD represented HEREWITH. The Woods National bank has suspended at San Antonio, Texas. Silas Reid has been appointed judge of the district court of Alaska. Engineer Thomas Hancock and Fireman Claude R. McDonald were asphyxiated by gas from their engine in the Busk tunnel, nine miles west of Leadville, Col. The directors of the Bank of England have put up the minimum discount rate from 6 to 7 per cent. At Los Angeles, Cal., Judge Olin Wellborn, in the United States court, recently fined the Atchinson, Topeka & Santa Fe Railroad company $33,000 for rebating. Amsterdam-Minister of State Jonkheer Van Panhuys, his son, mayor of De Leek, and wives, were drowned recently while out driving, their carriage falling into the canal Hoogvhork during a dense fog. Four persons are said to have been burned to death and six others are missing and may have lost their lives in a fire in Chicago Saturday. A seat on the New York stock exchange was sold Monday for $60,000, the lowest price recorded since 1904. when a seat was disposed of for $57 000. Rear Admiral Henry W. Lyon was retired from the navy Monday on ac count of reaching the age limit. In a pistol duel at Reno, Nev., Policeman Charles Brown was shot and pro ably fatally wounded by a trio of thugs. Before he was shot Brown killed one of his assailants, and Archie Burrie, an employe of the Southern Pacific, was shot in the side. Mr. and Mrs. William K. Vanderbilt Jr., have an heir. The baby is a boy. He will inherit fully $20,000,000 from his father's side of the house, and perhaps twice as much from his mother, who was Miss Virginia Fair. More than 800 men are now engaged in construction work on the Rexford branch, between Fernie and Michel,


Article from Shiner Gazette, April 23, 1908

Click image to open full size in new tab

Article Text

# Woods Bank Declares # a Dividend. The comptroller of currency this morning notified H. N. Morris, receiver of the Woods National Bank, to prepare to pay a dividend of 40 per cent to the creditors of the bank. In sending to the treasury department his report for the quarter ending March 31st, the receiver suggested that a dividend of this amount be declared and the department has acted upon the suggestion.β€”San Antonio Gazette.


Article from The San Francisco Call, March 23, 1910

Click image to open full size in new tab

Article Text

RECEIVER MORRIS IS NAMED BANK EXAMINER Will Cover San Francisco-Alameda County District OAKLAND, March 22.-Henry N. Morris, receiver of the Union national bank of this city and the Woods national bank of San Antonio, Tex., has accepted the appointment of national bank examiner for the district comprising San Francisco and Alameda counties at the request of the comptroller of the treasury. Morris takes the place of C. F. Roreback, who has been transferred to Chicago. Roreback came to Oakland and took temporary charge of the Union national when the bank was closed. Morris succeeded Roreback as receiver. He has rapidly wound. up the bank's affairs, and they are in such excellent condition of liquidation that the creditors will receive dollar for dollar with interest. Morris expects to close up the settlement this year. Concerning his new duties Morris said tonight: "The affairs of the two banks which I have been handling are in such shape that I can take up the examiner's WOI which the comptroller of the current has asked me to handle. That is th situation in a nutshell. I shall sontinue to handle the Union national's affairs in connection with my increased duties."


Article from Los Angeles Herald, March 25, 1910

Click image to open full size in new tab

Article Text

# BANKER ON WAY TO SERVE # 8 YEARS IN PENITENTIARY SAN ANTONIO, March 22.-After devoting almost an entire day to bidding farewell to his family and friends Will F. Woods, erstwhile cashier of the defunct Woods National bank, was taken to the Leavenworth federal penitentiary, where he will serve an eight years' sentence, the result of his conviction on a charge that he had misappropriated the funds of the institution he was connected with. Woods was sentenced in January, 1909, but several appeals served as a stay. About a month ago his case was brought before the United States supreme court, where the sentence of the lower court was affirmed. The Woods National bank failed during the panic of 1908. An examination of its books showed that the funds had been juggled considerably. It was shown at the trial that in order to hide the misappropriation of funds charged, Woods resorted to the expedient of having his family open a large number of accounts with the institution, one of his relatives having no less than seven different check accounts. Although the bank went out of existence the depositors have so far been repaid nearly 90 per cent.


Article from Shiner Gazette, August 31, 1911

Click image to open full size in new tab

Article Text

PARDON FOR WOODS. Friends of Former San Antonio Banker Are at Work. San Antonio, Texas, August 46.-The friends of WillF. Woods, former cashicr of the defunct Woods National Bank, who is serving a term of eight years in the Leavenworth penintentiary for embezzlement, are at work to have him pardoned. This action followed the announcement that another dividend will be paid on deposits in the defunct bank, This will make 98 per cent of the total amount returned to the depositors. National Bank Examiner H. N. Morris, who was former receiver of the bank, is now here in regard to the matter. Woods' defalcation resulted in the bank's failure during the panic of 1907.