Harris Exchange Bank (Tyler, TX)

Episode Information

Episode UID
9988892191295
Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
private
Bank ID
998889219 hash
Start Date
November 1, 1907
Location
Tyler, Texas (32.351, -95.301)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cbc91088e25a0898

Response Measures

None

Description

Articles span late Dec 1907–early Jan 1908; reporting dates vary but describe the same closure and receivership.

Events (3)

1. November 1, 1907 Run
Cause
Bank Specific Adverse Info
Cause Details
Steady withdrawals beginning after Nov. 1 due to inability to realize on securities and concerns about solvency
Measures
None prior to suspension reported; continued withdrawals led to placing business in hands of bankrupt court/receiver.
Newspaper Excerpt
since that date a steady draw has been made on the bank
Source
newspapers
2. December 30, 1907 Receivership
Newspaper Excerpt
placed its business in the hands of the bankrupt court...have also been placed in the hands of a receiver. Referee S. D. Reeves has appointed Lee Butler and J. C. Reeves as trustees.
Source
newspapers
3. December 30, 1907 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to realize on securities forced bank to stop business and place affairs in bankrupt court/receiver
Newspaper Excerpt
failed to open its doors for business to-day
Source
newspapers

Newspaper Articles (11)

Article from New-York Tribune, December 31, 1906

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Article Text

TEXAS INSTITUTIONS CLOSED. Tyler, Tex., Dec. 30.-The Harris Exchange Bank, of this city, failed to open its doors for business to-day. It owes over four hundred depositors $100,000, with assets of $81,000. The Tyler Novelty Company and the Tyler Paint Company. two mercantile enterprises owned and controlled by the bank, have also been placed in the hands of a receiver.


Article from The Montgomery Advertiser, December 31, 1907

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Article Text

TEXAS BANK SUSPENDS. Inability to Realize on Securities is Reason Assigned. Tyler, Tex., Dec. 30.-The Harris Exchange Bank of this city this morning failed to open its doors for business. In a notice posted it is stated by the management that on November 1 last it owed to depositors over $225,000. and that since that date a steady draw has been made on the bank and that Inability to realize on securities forced it to place its business in the hands of the bankrupt court. A further statement says it owed over 400 depositors $100,000 with assets of $81,000. The Harris Exchange Bank was the only private bank in Tyler and was unincorporated. The Tyler Novelty Company and the Tyler Paint Company, two mercantile enterprises owned and controlled by the bank. have also closed their doors, and have been placed in the hands of a receiver. Referee S. D. Reeves has appointed Lee Butler and J C Reeves as trustees.


Article from The Times Dispatch, December 31, 1907

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Article Text

TEXAS BANK CLOSED. Unoble to Realize on Securities to Meet Dopositors' Demand. TYLER, TEX., December 30.-The Harris Exchange Bank, the only private bank In this city, failed to open its doors for business to-day. In a posted notice the management states that on November 1st last It owed depositors over $285,000: that sinco that date a steady run has been made on the bank. and that inability to realize on securities forced it to place its business in the hands of a bankrupt court. and says .t owes over 400 depositors $100,000, with asmets of $81,000. The Tyler Novelty Company and Tyler Paint Company, two mercantile enterprises, owned and controlled by the bank, have also closed their doors, and have been placed in the hands of a receiver.


Article from New-York Tribune, December 31, 1907

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Article Text

TEXAS INSTITUTIONS CLOSED. Tyler, Tex., Dec. 30.-The Harris Exchange Bank, of this city, failed to open: its doors for business to-day. It owes over four hundred depositors $100.000, with assets of $81,000. The Tyler Novelty Company and the Tyler Paint Company, two mercantile enterprises owned and controlled by the bank, have also been placed in the hands of u receiver.


Article from Gainesville Daily Sun, January 2, 1908

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Article Text

BANK'S DOORS CLOSED. Harris Exchange Bank of Texas Goes Into Bankruptcy. Tyler, Tex., Jan. 1.-The Harris exchange bank of this city Monday failed to open its doors for business. In a notice posted it is stated by the management that on Nov. 1, last. it owed to depositors over $225,000, and that since that date a steady draw has been made on the bank and that inability to realize on securities forced It to place Its business in the hands of the bankrupt*court. A further state. ment says It owes over 400 depositors a liability of $100,000, with assets of $81,000. The Harris Exchange bank was the only private bank in Tyler, and was unincorporated. The Tyler Novelty company and the Tyler Paint company, two mercantile enterprises owned and controlled by the bank have closed their doors also, and have been placed in the hands of a receiver. Referee 8. D. Reeves has appointed Lee Butler and J. G. Reeves as trustees.


Article from Greene County Herald, January 3, 1908

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Article Text

BANK'S DOORS CLOSED. Harris Excha ge Bank of Texas Goes Into Bankruptcy. Tyler, Tex., Dec. 31.-The Harris exchange bank of this city Monday failed to open its doors for business. in a notice posted it is stated by the management that on Nov. 1, last, It owed to depositors over $225,000, and that since that date a steady draw has been made on the bank and that inability to realize on securities forced it to place its business in the hands of the bankrupt court. A further statement says 1t owes over 400 depositors a liability of $100,000, with assets of $81,000. The Harris Exchange bank was the only private bank in Tyler, and was unincorporated. The Tyler Novelty company and the Tyler Paint company, two mercantile enterprises owned and controlled by the bank have closed their doors also, and have been placed in the hands of Referee S. D. Reeves a receiver. has appointed Lee Butler and J. G. Reeves as trustees,


Article from The Lamar Register, January 8, 1908

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Article Text

Miscellaneous. The Countess of Yarmouth, favorite sister of Harry K. Thaw, has instituted proceedings in London to annul her marriage. The United States treasury has a deficit for December of $8,535,000. The Harris Exchange bank of Tyler, Tex., has closed its doors with liabilities of $100,000 and assets of $81,000. Another New York tenement has been wrecked by dynamite, supposedly the work of the Black Hand society. In the federal court at Richmond, Va., Judge Pritchard appointed receivers for the Seaboard Air Line railroad. The company had defaulted on its January interest. There was a shrinkage in deposits in Kansas state and national banks during November and December amounting to $18,000,000. The bank clearings of Kansas City for 1907 amounted to $1,649,175,013, an increase of 23.8 per cent over those of 1906. Count Leo Tolstoi was recently thrown from a stumbling horse and seriously injured. In his second annual message to the New York legislature Gov. Hughes urges legislation which will prevent the reprehensible practices in financial circles that caused the recent panic. All women except members of Thaw's family and women reporters will be excluded from the court room during the second trial of Harry Thaw. The torpedo boat flotilla, which is preceding the battleship fleet to the Pacific, has reached Para, Brazil. A dynamite bomb was exploded in the stock exchange at Rome, Italy, recently, partly wrecking the building and causing injuries to many of the inmates. Gov. Lopez of Iloilo, P. I., was recently shot and seriously injured by a disappointed politician. The usual New Year's day reception was held at the White house this year. More than 5,000 persons were greeted by the president and Mrs. Roosevelt. Andrew Carnegie has donated $10,000 to Fairbury, Neb., for a public library under the usual conditions. Prohibition leaders predict that before 1908 is out 40,000,000 persons in the United States will be living in "dry" territory. The last day of the year and the last day of the liquor traffic in Georgia passed without any disturbance in the state. The weather was so mild at Dickinson, N. D., on New Years day that the holiday was celebrated with a baseball game. The Frick Coal company has announced a reduction of 7Β½ per cent in the wages of all its employes throughout the Pennsylvania district.


Article from The Springfield Herald, January 10, 1908

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Article Text

Miscellaneous. The Countess of Yarmouth, favorite sister of Harry K. Thaw, has instituted proceedings in London to annul her marriage. The United States treasury has a deficit for December of $8,535,000. The Harris Exchange bank of Ty1er, Tex., has closed its doors with liabilities of $100,000 and assets of $81,000. Another New York tenement has been wrecked by dynamite, supposedly the work of the Black Hand society. In the federal court at Richmond, Va., Judge Pritchard appointed receivers for the Seaboard Air Line railroad. The company had defaulted on its January interest. There was a shrinkage in deposits in Kansas state and national banks during November and December amounting to $18,000,000. The bank clearings of Kansas City for 1907 amounted to $1,649,175,013, an increase of 23.8 per cent over those of 1906. Count Leo Tolstoi was recently thrown from a stumbling horse and seriously injured. In his second annual message to the New York legislature Gov. Hughes urges legislation which will prevent the reprehensible practices in financial circles that caused the recent panic. All women except members of Thaw's family and women reporters will be excluded from the court room during the second trial of Harry Thaw. The torpedo boat flotilla, which is preceding the battleship fleet to the Pacific, has reached Para, Brazil. A dynamite bomb was exploded in the stock exchange at Rome, Italy, recently, partly wrecking the building and causing injuries to many of the inmates. Gov. Lopez of Iloilo, P. I., was recently shot and seriously injured by a disappointed politician. The usual New Year's day reception was held at the White house this year. More than 5,000 persons were greeted by the president and Mrs. Roosevelt. Andrew Carnegie has donated $10,000 to Fairbury, Neb., for a public library under the usual conditions. Prohibition leaders predict that before 1908 is out 40,000,000 persons in the United States will be living in "dry" territory. The last day of the year and the last day of the liquor traffic in Georgia passed without any disturbance in the state. The weather was so mild at Dickinson, N. D., on New Years day that the holiday was celebrated with a baseball game. The Frick Coal company has announced a reduction of 7 1/2 per cent in the wages of all its employes throughout the Pennsylvania district.


Article from The Ordway New Era, January 10, 1908

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Article Text

Miscellaneous. The Countess of Yarmouth, favorite ster of Harry K. Thaw, has instited proceedings in London to annul er marriage. The United States treasury has a eficit for December of $8,535,000. The Harris Exchange bank of Tyr, Tex., has closed its doors with abilities of $100,000 and assets of 81,000. Another New York tenement has eea wrecked by dynamite, supposedy the work of the Black Hand sodety. In the federal court at Richmond, a., Judge Pritchard appointed reeivers for the Seaboard Air Line ailroad. The company had defaulted on its January interest. There was a shrinkage in deposits in Kansas state and national banks during November and December mounting to $18,000,000. The bank clearings of Kansas City for 1907 amounted to $1,649,175,013, an increase of 23.8 per cent over those of 1906. Count Leo Tolstol was recently thrown from a stumbling horse and seriously injured. In his second annual message to the New York legislature Gov. Hughes urges legislation which will prevent the reprehensible practices in financial circles that caused the recent panic. All women except members of Thaw's family and women reporters will be excluded from the court room during the second trial of Harry Thaw. The torpedo boat flotilla, which is preceding the battleship fleet to the Pacific, has reached Para, Brazil. A dynamite bomb was exploded in the stock exchange at Rome, Italy, recently, partly wrecking the building and causing injuries to many of the Inmates. Gov. Lopez of Iloilo, P. I., was recently shot and seriously injured by disappointed politician. The usual New Year's day reception was held at the White house this year. More than 5,000 persons were greeted by the president and Mrs. Roosevelt. Andrew Carnegie has donated $10,000 to Fairbury, Neb., for a public library under the usual conditions.


Article from The State Herald, January 10, 1908

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Article Text

Miscellaneous. The Countess of Yarmouth, favorite sister of Harry K. Thaw, has instituted proceedings in London to annul her marriage. The United States treasury has a deficit for December of $8,535,000. The Harris Exchange bank of Tyler, Tex., has closed its doors with liabilities of $100,000 and assets of $81,000. Another New York tenement has been wrecked by dynamite, supposedly the work of the Black Hand society. In the federal court at Richmond, Va., Judge Pritchard appointed recelvers for the Seaboard Air Line railroad. The company had defanited on Its January interest. Taere was a shrinkage in deposits in Kansas state and national banks during November and December amounting to $18,000,000. The bank clearings of Kansas City for 1907 amounted to $1,649,175,013, an increase of 23.8 per cent over those of 1906. Count Leo Tolstol was recently thrown from a stumbling horse and seriously injured. In his second annual message to the New York legislature Gov. Hughes urges legislation which will prevent the reprehensible practices in financial circles that caused the recent panic. All women except members of Thaw's family and women reporters will be excluded from the court room during the second trial of Harry Thaw. The torpedo boat flotilla, which is proceding the battleship fleet to the Pacific, has reached Para, Brazil. A dymamite bomb was exploded in the stock exchange at Rome, Italy, recently, partly wrecking the building and causing injuries to many of the inmates. Gov. Lopez of Ilollo, P. I., was recently shot and seriously injured by a disappointed politician. The usual New Year's day reception was hold at the White house this year. More than 5,000 persons were greeted by the president and Mrn. Roosevelt. Andrew Carnegie has donated $10,000 w Fairbury, Neb., for a public 11. braz under the usual conditions.


Article from Vernon County Censor, January 15, 1908

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Article Text

DOMESTIC. Robbers wrecked the safe in the bank at Fairmount, Oklahoma and escaped with $1,200 in currency. Robbers blew open the vault of the McCurtain, Okla., state bank, capel secured $3,000 in gold and silver, and escaped. R. S. Waddell a powder manufacturer, urges congressment to enlarge the government powder plant that it may be independent of the powder combine. A dynamite bomb wrecked the entire lower floor of a five story tenement house in New York and caused a panic. One man was injured by the explosion. An explosion of 240 quarts of nitroglycerin at the plant of the Eastern Torpedo company at Sapula, Okla., shook the town and caused much damage, No one was hurt. The Harris Exchange bank or Ty ler, Texas, has closed its doors. The management says that inability tall realize on securities has forced this action. The bank was unincorporated. William A: Tracey, wanted at St. Louis on the charge of having particlpated in the robbery of the Odin, III, National bank in September, 1906, has been brought from Cooperstown, S. D. Four persons were seriously injured and a score more or less hurt at St. Louis by a fire which destroyed a block of business and dwelling houses. The property loss will reach $75,000. Irving Baker, his wife, and 4-yearold son, who lived at Liebhardt, N. Y., were found dead in bed with their