Henrietta National Bank (Henrietta, TX)

Episode Information

Episode UID
302201051
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
30220 national
Charter Number
3022
Start Date
July 25, 1887
Location
Henrietta, Texas (33.817, -98.195)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
44f42c10c9f32cda

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1887-08-17
Date receivership terminated
1889-07-11
OCC cause of failure
Excessive lending
Share of assets assessed as good
60.2%
Share of assets assessed as doubtful
29.2%
Share of assets assessed as worthless
10.6%

Description

Suspension due to depressed cattle market; receiver later appointed and bank did not resume as a going concern.

Events (4)

1. August 8, 1883 Chartered
Source
historical_nic
2. July 25, 1887 Suspension
Cause
Local Shock
Cause Details
Depressed cattle market and large failures/attachments against local cattle firms (Curtis & Atkinson, E. F. & W. Ikard) precipitated the bank's closing.
Newspaper Excerpt
The Henrietta National Bank, with a capitalstock of $150,000 and deposits of $87,000, closed its doors at noon to-day.
Source
newspapers
3. August 17, 1887 Receivership
Source
historical_nic
4. August 17, 1887 Receivership
Newspaper Excerpt
The receiver, D. B. Kerr, appointed by the United States Comptroller at Washington to take charge of the Henrietta National Bank, arrived on the evening train of the 21st. The control of the bank's affairs were, however, not received by him until to-day.
Source
newspapers

Newspaper Articles (19)

Article from The Morning News, July 26, 1887

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Article Text

Cattle Men Pressed. FORT WORTH, TEX., July 25.-Attachments to the amount of $115,603 have been run on the cattle firms of Curtis & Atkinson, and E. F. & W. Inard, of Henrietta, Tex. Their liabilities are $550,000 and their assets $1,115,000. The Henrietta National Bank, with a capitalstock of $150,000 and deposits of $87,000, closed its doors at noon to-day. The cause of the failures is the depressed condition of the cattle market.


Article from Alexandria Gazette, July 26, 1887

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Another Bank in Trouble. WASHINGTON, July 26.-The Comptroller having received information that the Henrietta National Bank of Henrietta, Texas, has suspended, has directed the State bank examiner to take charge of its affairs and to report promptly the result of his examina tion


Article from Richmond Dispatch, July 26, 1887

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Article Text

Heavy Cattle Failure. [By telegraph to the Dispatch.) FORT WORTH, Tex., July 25.-Attachments to the amount of $115,603 have been run on the cattle-firms of Curtis & Atkinson and E. F. and W. Inard, of Henrietta, Tex. Their liabilities are $550,000; assets, $115,000. The Henrietta National Bank, with a capital stock of $150,000 and deposits of $87,000, closed its doors at noon today. The cause of the failure is the depressed condition of the cattle market.


Article from Evening Star, July 27, 1887

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| THE SUSPENDED TEXAS BANK.-The Controller 1 having received information that the Henrietta National Bank, of Henrietta, Tex., has suspended, has directed the State bank examiner to take charge of its affairs and to report promptly the result of his examination. 1


Article from Omaha Daily Bee, July 27, 1887

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Financial Investigations. WASHINGTON, July 26.-Assistant Cashier Meline, of the treasury. has gone to Cincinnati with a force of clerks to examine the condition of the sub treasury in that city. The comptroller of the currency having received information that the Henrietta national bank of Henrietta, Texas, has suspended, has directed the state examiner to take charge of its affairs.


Article from Fort Worth Daily Gazette, July 27, 1887

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Another Batch of Attachment Run Aggregating Fifty-Five Thousand Seven Hundred Dollars. Belcher & Babb Further Secure Their Creditors by Deeds of Trust-Re more of Aid for the Bank Special to theGazette HENRIETTA, TEX., July 26.- About the only new developments that have occurred in the great failures of the cattle barons and the Henrietta National Bank suspension since yesterday are the run ning of the following attachments National Exchange Bank of Dallas Curtis & Atkinson and E. F. and W Ikard for $9911 C.O. Edwards vs. E.F. Ikard and Cur tis & Atkinson for 8224 F. Halsell of Decatur vs. E F.and W TS Ikard and Curtis & Atkinson for First National Bank of Decatur vs. F Ikard and Curtis & Atkinson for 81031 First National Bank of Decatur F.Ikardand J.C Carpenter and Curtis Atkinson for 87040 CO Edwards vs. Curtis Atkinson for $12,252 VS Texas Land and Mortgage Company Curtis Atkinson, E. F. and W. Ikard for 8 Belcher Babb have further secured their creditors by deeds of trust, as follows for 2 American National Bank of Kansas City Sam Davidson of Henrietta, 84587 W Eastley of Henrietta, 81000 G.P Meade of Fort Worth, 9400 J.S. Halsell of Decatur, 838.000 H. Campbell & Co. of Chicago, 849 000 Henrietta National Bank, 87000 R D Wellborne of Henrietta, 8500Y City Treasurer of Henrietta, 8750. Various rumors are flying on the street that the bank has received assistance from distance and will resume payment on to-morrow, but these are been has city rumors Our only full of creditors and their agents to-day looking after their interests There is still large crowd of anxious depos itors hanging around the bank door. The failure is the all-absorbing topic of con versation. Prohibition has been dropped for the present to give place to what is ed of greater moment A great many of our citizens intended going to the grand jubilee at Fort Worth to day, the bank suspension knocked all that the head in The following is taken from the record Deed of trust of Curtis & Atkinson to seres of land in Clay made county July to of Atkinson Bills Carter and Roberson & West Durham cattle, made July of Curtis & Atkin to B. truste cattle of First National 1887, Bank Fort Worth, date July filled twoSmith, trustee, year-old steers to secure note of Fort Merchants National Bank, filled Worth, made February July To Thomas West stock better to secure note of Gray dated July 19, 1887, filed To Armour Bros Banking Company Kansas City, cattle to secure debt of S dated December 27, 1886, filed February To James T. Thornton, cattle to secure note of dated Decem filed April 4500 To John D Templeton. trustee, cattle to secure B C. Evans June dated Fort Worth, filed July 1887 The following additional attachments were run on by the parties named, between and clock last evening Taylor of Charley, Clay county, Tex, vs Henrietta National Bank for the amount of 8126 and W Van Slyke, New York City, Curtis & Atkinson al., for 850 Wright, sheriff of Clay county, enrietta National Bank, for 81511 worth It is safe to say that property of Curtis & Atkinson and E.F. W Ikard attached HENRIETT July 24 An exam ination of the records of Clay show the secured liabilities of F. W W Ikard to be follows Chattel mortgages to Western Mortgage Investment and Company, for record M Bean gating deed of trust to F n land in Archer and lands Clay DAN deed of trust W Archer Cashier National Bank, Kansas City, W S ikard, deed of trust W Wellesley, lands W B to Ikard Shat mortgage on lauds and in Clay for tuck May F. Ikard to M. Sears, two deed W.S Ikard nearly trust July of to Henrietta National Bank. bill n horses, besides several amounts, all secured to local parties impossi at this time to makean any mate of their assets, but if is taken in handling property it will not only meet all mands but leave & surplus to the Ikards The attachments were run on their propertv in Clay county last night and in Archer to-day The secured liabilities of Curtie Atkinson as shown by the records of this county are &S follows To the Western Mortgage and Invest ment Company, chattel mortgages filed August 1, 1885. to Armour Bros to Banking Company, S to Thornton of Kansas City, 895 John D. Templeton, for B. Evans Co., 850.000 to Thomas F West, for W.T. Gray, cashier, $20.0 to A B. Smith, Merchants' National Bank, Fort Worth $20,000. and J. W T. Grav. trus810.000 tee. The claim of the Mer chants' Nations is the one upon which the attachments were run Unless the liabilities are very much be. yond what is shown here, there was occasion to have pressed the above firm. They have very large assets. probably The


Article from The Emporia Weekly News, July 28, 1887

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Article Text

Gone Bankruptcy. FT. WORTH, July 25.-Attachments to the amount of $115,603 have been run on the cattle firm of Burtis & Atkinson and E. F. & I. Winard, of Henrietta, Tex. Their liabilities are $5,500,000 and assets $1,115,000. The Henrietta National bank with a capital stock of $150,000 and deposits of $87,000 closed its doors at noon to-day. The cause of the failure is the depressed condition of the cattle market.


Article from The Austin Weekly Statesman, July 28, 1887

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WASHINGTON NOTES. THE HENRIETTA BANK. WASHINGTON, July 26.-The cumptroller of currency having received information that the Henrietta National bank, of Henrietta, Texas, had sus-pended, directed the state bank examiner to take charge of its affairs, and to report promptly the result of his examination.


Article from Watertown Republican, August 3, 1887

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Heavy Failure in Texas. Attachments to the amount of $115,603 have been run on the cattle firms of Curtiss & Atkinson and F. F. & W. Inardof, Henrietta, Texas. Their liabilities are $5,500,000 and assets $1,115,000. The Henrietta national bank with a capital stock of $150,000 and deposits of $87,000, closed it doors at noon on the 25th. The cause of the failure is the depressed condition of the cattleยฎ market.


Article from Fort Worth Daily Gazette, August 25, 1887

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HENRIETTA NATIONAL BANK, The Receiver Appointed by the United States Comptroller Takes Charge, Special to the Gazette. HENRIETTA, TEX., Aug. 24 -The receiver, D. B. Kerr, appointed by the United States Comptroller at Washington to take charge of the Henrietta National Bank, arrived on the evening train of the 21st. The control of the bank's affairs were, however, not received by him until to-day. The belief has been 80 general for the past few days that the bank would resume business some time this week that but few of the creditors


Article from The Waco Daily Examiner, August 26, 1887

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whil Pay upand Resume Henrietta. Tex,, August 25.-A reply to stelegram by the county judge to the United States Comptroller, concerning the Henrietta National Bank, the reply was received today. The comp. trollersays: "Rest assured that the receiver has been instructed to do everything practicable for the speedy payment to the depositors of the bank. Also that the bank affairs will then be turned over to the stocks holders, and that by their united efforts the bank will be able to resume business within thirty days."


Article from Fort Worth Weekly Gazette, August 26, 1887

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HENRIETTA NATIONAL BANK. The Receiver Appointed by the United States Comptroller Takes Charge. Special to the Gazette. HENRIETTA, TEX., Aug. 24.-The receiver, D. B. Kerr, appointed by the United States Comptroller at Washington to take charge of the Henrietta National Bank, arrived on the evening train of the 21st. The control of the bank's affairs were, however, not received by him until to-day. The belief has been SO general for the past few days that the bank would resume business some time this week that but few of the creditors would have accepted 95 cents on the 81 in cash, but alas, it would be accepted now. The chances are still that the creditors will get dollar for dollar, possibly that the bank will resume business is also expressed by authority. Mr. James Kincannon. the inspector for this district, who has been here since the suspension of the bank exerting all his ability in trying to sift out the affairs of the bank, was presented to-day with a memorial signed by about forty of the principal depositors, asking him to accept the sincere thanks of the undersigned for the very strong efforts they believe him to have made for their interests while having the control of affairs.


Article from Fort Worth Daily Gazette, August 26, 1887

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Henrietta National Bank, Special to the Gazette. HENRIETTA, TEX., Aug. 25.-In reply to a telegram by the County Judge to the United States Comptroller, concerning the Henrietta National Bank, a reply was received to-day. The Comptroller says: "Rest assured that the receiver has been instructed to do everything practicable for a speedy payment to the depositors of the bank, also that the bank's affairs will then be turned over to the stockholders and that by their united efforts the bank will be able to resume business within thirty days."


Article from Fort Worth Daily Gazette, October 22, 1887

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The Henrictta Bank Case. Special to the Gazette. HENRIETTA, Txx., Oct. 21.-D. J. Kerr, receiver of the Henrietta National Bank was relieved of his position as such today and Mr. Frank Brown of this city appointed his successor. Colonel Kincannon, national bank examiner for this district is still here attending business affairs of the bank.


Article from St. Paul Daily Globe, October 23, 1887

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A Bank's Affairs. ST. LOUIS, Oct. 22.-A special from Henrietta, Tex., says: Col. James Concannon, National bank examiner for this district, is here looking after the affairs of the Henrietta National bank. He relieves D. J. Kerr, who was appointed receiver on the suspension of the bank, Aug. 7, and the comptroller of the currency appointed Frank Brown. The receiver will pay 50 per cent. of the deposits by the 25th inst.


Article from New-York Tribune, October 23, 1887

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TO PAY DEPOSITORS OF THE HENRIETTA BANK. HENRIETTA, Tex., Oct 22.-Colonel James Concannon, National Bank Examiner for this district, is here looking after the affairs of the Henrietta National Bank. He relieved D. J. Kerr, who was appointed Receiver on the suspension of the bank August 7, and the Countroller of the Currency appointed Frank Brown. The receiver will pay 50 per cent of the deposits by October 25.


Article from Fort Worth Daily Gazette, October 25, 1887

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Faying the First Dividend. Special to the Gazette. HENRIETTA, TEX., Oct. 24.-Frank Brown, the new receiver of the Henrietta National bank, commenced payment of the first dividend this morning, which is 50 per cent. of the deposits. This puts into circulation about $40,000 of real money in our town, and which is quite a relief to several of our business citizens.


Article from Fort Worth Daily Gazette, October 14, 1888

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Arother Lividend. Special to the Gazette. HENRIETTA, Tzx, Oct. 13.-Mr. Frank Brown, receiver ofthe Henrietta National Bank, which closed some filten months ago, is now preparing the papers neces sary for another dividend. The payment will be 13 per cent. on the original amounts. This will make the third dividend, the others being payments of 50 and 25 per cent. The total amount paid will then be 90 per cent. of the whole. The receiver will be ready to pay the 15 per cent. distribution about November 1


Article from Evening Journal, May 2, 1889

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CONDENSED NEWS Ex-Senator Brinkerhoff, one of the best known men in New Jersey, is confined to his home by illness. The wreck of the ferryboat New Brunswick lies in the North river, opposite the freight piers of the Long Island, Lake Erie and Western railroad. The walking beam is the only part that can be seen above the water. It was decorated with flags yesterday in honor of the centennial. Augustus Kemp, 7 years old, of No. 38 Bonner avenue, Jersey City, fell over the pallisades and was seriously injured. Dudley G. Cummings, of The Jersey City Evening Journal, is a benedict. Miss Susie F. Vreeland is the happy bride. Francis O'Sullivan, of No. 558 Grove street; F. W. Wolruer, of No. 987 Summit avenue, and F. P. Green, of No. 317 Fourth street, Jersey City, members of the Second Regiment New Jersey volunteers, were convicted by a court martial and refused to surrender their uniforms. Capt. Jackson, of Company E, caused Justice Seymour to issue search warrants, and Constable Stamton, with Capt. Jackson, went to the homes of the parties and seized the property. John Hank, a river junkman, living at 518 Henderson street, Jersey City, was run down by the ferryboat Orange. He was rescued by the watchman of the Hamburg dock. Police Commissioner Ulz, of Hoboken, was thrown from his buggy .and slightly injured. City Treasurer Smith, of Hoboken, did not sign the monthly checks of the police force on their last regular pay day, and when they presented the checks at the bank they were not honored. Adjt. Gen. Drum has received the follow ing telegram from Gen. Merritt, at Oklahoma, through Assistant Adjt. Gen. Williams, at Chicago: "Everything continues quiet. Local town governments are practically established. I propose to wisit Cherokee Outlet, and after arranging matters there, to return to headquarters at Leavenworth, if there are no other instructions." The reduction in the public debt during the month of April, it is thought at the treasury department, will be about $12,000,000. ITThe comptroller of the currency has de clared a final dividend of 15 1/4 per cent in favor of the Henrietta National Bank of Texas, which failed July 25, 1887. Mrs. Josie Gurley was sentenced at Chicago by Judge Shepard to five years imprisonment in the state penitentiary for kidnap ping Annie Redmond. Mr. A. C. Tonner, of Ohio, the new appointment clerk of the interior department was sworn in. T. B. Coulter, of Ohio, the new sixth auditor of the treasury for the postoffice demartment, has taken charge of his office.