J. H. P. Davis & Company

Episode Information

Episode UID: 88126471479
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 8812647 routing
Routing Number: 88-1264
Start Date: March 24, 1923
Location: Richmond, Texas (29.582, -95.761)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 93989412846b6b17

Response Measures

None

Description

Assets assigned to three trustees for liquidation (voluntary assignment).

Events (2)

1. March 24, 1923 Receivership

Newspaper Excerpt: Assignment of all the property of the J. H. P. Davis & Company and all the property of the members of the firm ... was made to three trustees today for the purpose of liquidation.
Source: newspapers

2. March 24, 1923 Suspension

Cause: Local Shock
Cause Details: Crop failures and recent floods cited as reasons for the failure; suspension followed death of vice-president and examination of bank
Newspaper Excerpt: Assignment of all the property of the J. H. P. Davis & Company ... was made to three trustees today following the suspension of business
Source: newspapers

Newspaper Articles (1)

1. March 25, 1923 San Antonio Light San Antonio, TX

Article from San Antonio Light, March 25, 1923

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Article Text

TEXAS BANK CLOSED Assets Will Cover Liabilities Is Claim; Property Assigned. Richmond, Tex., March 24.-Assignment of all the property of the J. H. P. Davis & Company and all the property of the members of the firm except that exempt under the laws of Texas, was made to three trustees today following the suspension of business and examination of the bank's condition after the death of T. A. Wessendorf. vice-president of the institution last Wednesday. All persons in any way connected with the bank were absolved from any suggestion of irregularity in a statement issued by members of the firm today which gave the crop failures and the recent floods as the reason for the failure. Best authority places the amount involved at $1,000,000 and the assignments place approximately $1,500,000 at the disposal of the trustees for the purpose of liquidation This institution was one of the few remaining private banks in the state. It was established in 1892. No formal statement of the bank's condition, as to liabilities and assets could be made late today.