235901144 23590
national
5f5f508e1dfaecb3Full suspension, Books examined
Other: Receivership was pursued (Comptroller prepared to appoint a receiver; directors attempted to forestall appointment while claiming ability to resume).
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A Texas Bank Fails. FORT WORTH, Tex., April 5. - -The City National bank of this city failed to open its doors this morning. On the door was posted this notice: "This bank has suspended payment by order of the board of directors. All depositors will be paid in full." City funds to the amount of $100,000 were on deposit there.
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TEXAS BANK FAILS. The City National, of Fort Worth, Closes Its Doors. FORT WORTH, Tex., April 5.-The City National Bank, of this city, failed to open its doors to-day. On the door was posted this notice: "This bank has suspended payment. By order of the board of directors. All depositors will be paid in full." This bank was the depository of the city treasurer, who has city funds to the amount of $100,000 on deposit there, but this did not prevent all city warrants being paid to-day. They were paid in full at another bank where arrangements had been made. The city deposits include sinking funds and bond interest funds. Elser, the city treasurer, was a director in the bank. His term as city treasurer expires on the 9th, but he will be unable to turn over funds to his successor. The bank is also the repository of the county treasurer and Knights of Pythias.. "The suspension," said President McCarthy, "was caused by the difficulty in making collections and the further fact that recently there have been heavy withdrawals by depositors, the withdrawals being the result of rumors detrimental to the bank, which were circulated in the city. The bank also had great trouble in getting discounts, which was another factor in the suspension." The deposits amount to $487,000; bills rediscounted, $49,000; assets, $35,000 above liabilities to depositors.
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Depositors Will be Paid, FORT WORTH, TEX., April 5.-The City National Bank, of this city, failed to open its doors to-day. On the door was posted this notice: "This bank has suspended payment by order of the board of directors. All depositors will be paid in full."
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CITY NATIONAL BANK SUSPENDS. DEPOSITORS WILL BE PAID IN FULL BEFORE LONG. TARRANT COUNTY AND FORT WORTH WILL NOT LOSE ANYTHING-WHAT THE PRESIDENT SAYS BROUGHT ABOUT THE ROUBLE-A STATEMENT.
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K. of P. Money Tied Up. Lima, O., April 7.-The suspended City National bank, of Fort Worth, Tex. contained $140,000 belonging to the Endowment Rank of the Knights of Pythias. Supreme Chancellor Ritchle says the funds are amply secured, and that the order has abundant funds in other quarters to meet all obligations.
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COLONEL SMITH'S COMMISSION Made Out and Ready for Delivery, But the Directors Want to Resume. Washington, April 10.-The commission of Colonel J. Peter Smith of Fort Worth. as receiver of the City National bank of that city was made out today and ready for announcement when Comptroller Eckels res reived a telegram from the directors of the bank asking that the appointment of a rocelver be delayed until they could show their ability to resume business without further division of the bank's assets. The comptroller at once telegraphed asking upon what basis they expected to resume and miso wired to his examiner In charge as to the advisability of permitting Immediate resumption Until this is settled no receiver will be appointed, but whenever the appointment is made Colenel Smith will be appointed. No new candidates need therefore apply. 11. A. Stater was today appointed postmaster at Cade. in Navarro county, vice J. B. Carven, resigned. and J. T. McCarty at Lane Port, in Williamson county, vice J. C. Polloman, Jr., resigned.
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He Hanged Himself FORT WORTH, Tex.. April 11.-Albert Schwarz, manager of the Scharff Mercantile Company. was found hanging by the neck in his store this morning. The suicide is supposed to have been caused by the fact that he had all his money in the City National Bank, which suspended last week.
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LOSS OF MONEY CAUSED IT. Fort Worth, Tex., April 11.-Albert Schwartz, manager of the Scharff Mercantile company, was found hanging by the neck in his store this morning, The suicide is supposed to have been caused by the fact that he had all his money in the City National bank, which suspended last week.
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Lost His Money. FORT WORTH, Tex., April 11.-Albert Schwartz, manager of the Schwartz Mercantile company, was found banging by his neck in the store this morning. The suicide is supposed to be caused by the fact that he had all his money in the City National bank, which suspended last week.
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Receiver of a Bank WASHINGTON, April 12.-The controller of the cureracy today appointed John Perry of Kansas City receiver of the National bank of Kansas City. Mo., which suspended payment on March 16. 1895, and John F. Smith of Fort Worth, Tex., receiver for the City National bank of Fort Worth, which suspended April 4, 1895.
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SUIT AGAINST THE BONDSMEN. PROPERTY OF MANY CITIZENS ATTACHED YESTERDAY. COMMISSIONERS OF TARRANT COUNTY MOVE TO PROTECT THE MONEY TIED UP IN THE SUSPENDED CITY NATIONAL BANK. IMPORTANT ACTION.
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Defunct Bank Sued by Pythians. FORT WORTH, Tex., April 15.-The Supreme Lodge, Knights of Pythias, has instituted suit against the City National Bank for $150,000 deposits and interest due the order. The bank failed April a and is now in the hands of receivers.
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SUED BY THE KNIGHTS. Fort Worth, Tex., April 15.-The supreme lodge, Knights of Pythias, has instituted suit against the City National bank for $150,000 deposits and interest due the order. The bank failed and is now in the hands of receivers.
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Bank Receivers Appointed. Washington, April 12.-The comptroller of currency today appointed John Perry of Kansas City receiver of the National Bank of Kansas City, which suspended March 16, 1895, and John F. Smith of Fort Worth, Texas, as receiver for the City National Bank of Fort Worth, which suspended April 4, 1895.
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CITY FUNDS MISSING. FORT WORTH. Tex., April 22. - Things have taken a different turn in the case of the suspended City National bank. Max Elser, late cashier and city treasurer of Fort Worth, was arrested on an indictment charging the embezzlement of funds to the amount of $114,754.40. Elser was admitted to buil in the sum of $1500.
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Fort Worth's Flurry. FORT WORTH. Tex., April 22. - Things have taken a different turn in the case of the suspended City National bank. Max Elser, late cashier and city treasurer of Fort Worth, was arrested on an indictment charging the embezzlement of funds to the amount of $114,754.40. Elser was admitted to bail in the sum of $1500.
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TREASURY DEPARTMENT-Offlce of the Comptroller of the Currency, Washington, D. C., April 12, 1895.-Nottee is hereby given to all persons who may have claims realnst the City National Bank of Fort Worth Texas, that the same must be presented to Mr. John P. Smith. receiver. within three months from this date, or they may be disallowed. James H. Eckels, Comptroller of the Currency.
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TREASURY DEPARTMENT-Ofice of the Comptroller of the Currency, Washington, D. C., April 12, 1895,-Notice is hereby given to all persons who may have claims against the City National Bank of Fort Worth, Texas, that the same must be presented to Mr. John P. Smith, receiver, within three months from this date, or they may be disallowed. James H. Eckels, Comptroller of the Currency.
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TREASURY PEPARTMENT-Office of the Comptroller of the Currency, Washington, D. C., April 12, 1895.-Notice is hereby given to all persons who may have cloims against the City National Bank of For Worth, Texas, that the same must be presented to Mr. John P. Smith, receiver within three months from this date, of they may be disallowed. James H. Eckels, Comptroller of the Currency,
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TREASURY DEPARTMENT-Ofeo of the Comptroller of the Currency, Washington, D. C., April 12, 1805.-Notice Is hereby given to all persons who may have claims against the City National Bank of Fort Worth, Texas, that the same must be presented to Mr. John P. Smith, receiver. within three months from this date, or they may be disallowed. James H. Eckels, Comptroller of the Currency.
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As a bolting candidate for congress, is not Colonel John Peter Smith, receiver of the City National bank, Fort Worth. in danger of violating the spirit of the civil service law?
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Paying Another Dividend. Fort Worth, Tex., July 12.-(Special.) -Col. J. P. Smith, receiver of the City National bank, is today paying to creditors an additional dividend of 10 per cent, making 35 per cent paid to date. Just when another dividend will be declared and paid he is unable to say.