Texas National Bank (San Antonio, TX)

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BANK KEEMBARRASSMENTS

Several of Them Close Their Dvors-One Resumes. WASHINGTON, Aug. 4.-Treasury officials are advised that the National German American bank of St. Paul, capital $2,000,000; the First National bank of Harmond, Ind., capital $50,000, and the Citizens' National bank of Muncie, Ind., capital $200,000. closed their doors to business this morning. Bank Examiner Gannon, on orders from Washington, closed Texas National bank of San Antonio, Tex., today. Comptroller Eckels has authorized the Farmer's National bank of Henrietta, Tex., to resume business. MUNCIE, Ind., Aug. 4.-The Citizens' National bank, one of the oldest and soundest banks in the city, suspended business this morning. Withdrawal of deposits and inability to realize on paper were the causes. President Kerwood claims assets as two to one. Three other banks in the city preparing for the worst, as the people are greatly excited over the failure. LEBANON, Aug. 4.-The Lebanon Trust and Safe deposit bank failed to open its doors this morning. The bank is a State institution with a capital of $50,000. ST. PAUL,Minn., Aug. 4.-The Peoples' Saving bank, one of the small concern, of the city, closed its doors at noon today.

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San Antonio Bank Closed

SAN ANTONIO, Texas, Aug. 4.-The Texas National Bank failed to open its doors this morning and is now in the hands of the United States bank examiner. The Capital stock is $100,000. The closing caused no excitement and no runs on other banks.

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SUSPENSIONS, LEBANON, Pa., Aug. 4.-The Lebanon Trust and Safe Deposit bank, a state institution, with a capital of $50,000 has suspended. PLATTVILLE, Wis., Aug, 4.-The First National bank has suspended. The assets are largely in excess of the liabilities. SAN ANTONIO, Tex., Aug. 4.--The Texas National bank failed this morning. The capital is $100,000. The liabilities are small.

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worst, as the people are greatly excited over this failure. LEBANON, PA., Argust 4.-The Lebanon Trust and Safe Deposit Bank falled to open its doors this morning. The announcement made was: "This bank is closed by order of the directors." The bank is a State institution, with a capital of $50,000. ST. PAUL, MINN., August 4.-The People's Saving Bank, one of the small concerns of this city, closed its doors at noon to-day. WASHINGTON, D. C., August 4.Treasury officials are advised that the National German-American Bank, of.St. Paul, Minn., capital $2,000,000; the First National Bank, of Hammond, Ind., capital $50,000, and the Citizens' National Bank, of Muncie, Ind., capital $200,000, closed their doors to business this morning. Bank Examiner Cannon, on orders from Washington, closed the Texas National Bank, of San Antonio, Texas, today. Comptroller Eckels has authorized the Farmers' National Bank, of Henrietta, Texas, to resume business. NEW YORK, August 4.-Messrs. Parrott Bros., members of the Cotton Exchange, have announced their inability to meet their engagements. NEW YORK, August 4.-N. L. Corte & Co., importers of tin, tin-plate and other metals, made an assignment to-day. The liabilities are about $350,000; the assets are large, but the actual amount cannot be given. S. Jacoby & Co., cigar manufacture:s, failed to-day. The liabilities are $150,000, with large assets. ST. PAUL, MINN., August 4.-The temporary suspension of the German American National Bank last night, although not unexpected in banking circles, was a great surprise to the general community. So confident are the people of the strength of the remaining banks that, although some depositors are quietly withdrawing mont from a few banks, there is no particular excitement or general run on any of the banks. The savings banks for several days have been enforcing the sixty day rule, although most of them have abundant resources for any emergency. The failure of the Seven Corners' Bank on Tuesday attracted little attention, as it had been known to be weak for months. Some of the banks had helped at times, but felt at the present time a disinclination to continue their help, which seemed only to postpone the failure that finally came. But the closing of the German-American Bank last night was of a different character. It and its predecessors have been in the city as institutions for years, the first organization having been effected in 1856, and all subsequent changes strengthening and enlarging the bank, which now has $4,000,000 of good commercial paper, its banking house and property besides, worth at least $200,000. and other assets, which will make $400,000 more, or a total of $5,000,000. The People's Bank, of a capacity of $200,000. suspended, but no figures have as yet been given out concerning it. The failure is not considered an important one. DENVER, COL., August 4.-Charles B. Mason has been appointed receiver of the Equitable Accident Insurance Company. The outstanding risks amount to $6,000,000, and have been reinsured with the Union Casualty Company, which, it is claimed, will fully protect them. MANKATO, MINN., August 4.-At noon to-day the First National Bank closed its doors. At 1:30 P. M. the National Citizens' Bank did the same, and fifteen minutes later the Mankato National Bank followed suit. All three banks are solvent. and the suspensions are expected to be temporary only.

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BANK EXAMINER APPOINTED

Washington, Aug. 4.-Treasury officials are arvised that the National German American Bank of St. Paul, Minn., capital, $2,000,000; the First National Bank of Hammond, Ind., capital, $50,000, and the Citizens' National Bank of Muncie, Ind., capital, $200,000, closed their doors to business this morning. Bank Examiner Gannon, on orders from Washington, closed the Texas National Bank, of San /Antonio, to-day. Controller Eckels has authorized the Farmers' National Bank, of Henrietta, Texas, to resume business. The Controller appointed D. W. Lawler, a bank examiner, and directed him to take charge of the German American, at St. Paul. Examiner Ford is assigned to the charge of the Citizens', of Muncie, Ind., and Examiner Packard, of the First National, of Hammond, Ind. The German-American, of St. Paul, usually carried a line of individual deposits of more than $3,000,000,but this was reduced at the date of its last report to less than $2,000,000. Its surplus fund and undivided profits were noted at $261,000.

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MORE BANKS SUSPEND

THE MONETARY STRINGENCY WORKING DISASTERS IN MANY STATES. Providence, R. I., Aug. 4.-The State Bank of this city was unable to meet its balance at the Providence Clearing House to-day and closed its doors. It is not a National bank, and It has a paid-up capital of $77,000. The suspension is probably only temporary and is due to the stringency of the money market and the withdrawal of deposits. The bank was one of the oldest of the State banks, and was instituted in 1850. It has not been regarded as sound. The report of the State Auditor in November, 1892, shows 1ts deposits to be $238,000. The officials say this afternoon that the bank will undoubtedly go into liquidation. It has many time-loans out. Lebanon, Penn., Aug. 4.-The Lebanon Trust and Safe Deposit Bank failed to open its doors this morning. This announcement was made: "This bank closed by order of the directors." The bank is a State institution with a capital of $50,000. The inability to collect outstanding accounts, the general tightness of the money market and personal litigation of the president, Robert H. Coleman, locking up its securities and enjoining It from disposing of them, have compelled this step. Muncie, Ind., Aug. 4.-The Citizens' National Bank, one of the oldest and soundest banks in this city, suspended business this morning. Withdrawals of deposits and inability to realize on paper are the causes. President Kerwood says that the assets are as two to one. Three other banks in this city are preparing for the worst, as the people are greatly excited over the failure. San Antonio, Tex., Aug. 4.-The Texas National Bank failed to open its doors this morning, and is now in the hands of a United States bank examiner. It is the smållest bank in the city; capital stock $100,000. The liabilities are small. The last statement shows only $76,000 deposits. The closing caused no excitement, and no runs on other banks. Colby, Wis., Aug. 4.-The Exchange Bank of Colby closed its doors this morning. The bank had a capital of $50,000, and owes depositors about $30,000. Baraboo, Wis., Aug. 4.-The Baraboo Savings Bank made an assignment here yesterday. R. B. Gripp was appointed assignee. Mankato, Minn., Aug. 4.-The First National Bank closed its doors at noon. The bank is solvent and depositors will be paid in full. At 1 :30 o'clock the National Citizens' Bank closed Its doors and hung out the following resolutions adopted at a meeting of the directors, held just previously "Owing to the suspension of the First National Bank of this city and present stringency in the money market, it is resolved to suspend payment until the present excitement subsides." Fifteen minutes later the Mankato National Bank closed its doors and exhibited the following statement: "Owing to the closing of the First National and National Citizens' banks. of this city, this bank is temporarily closed. The bank is perfectly solvent and all depositors are safe." The National Citizens' Bank has $90,000 in cash and the Mankato National has $55,000. The capital of the First National Bank is $150,000, and J. A. Willard is president. The capital stock of the National Citizens' is $100,000, John F. Meagher, president. The Mankato National Bank has $100,000, and John H. Ray is president. The only other bank in the city is.a savings bank, and was Trecently organized.

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SMALL FAILURE

San Antonio, Tex., Aug. 5.-The Texas National bank failed to open its doors this morning, and is now in the hands of a United States bank examiner. It is the smallest bank in the city, capital stock $100,000. The liabilities are small. The last statement shows only $76,000 deposits. The closing caused no excitement and no runs on other banks.

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YESTERDAY'S FAILURES

Muncie, Ind., Aug. 4.-The Citizens' National bank, one of the oldest and soundest in this city, suspended this morning. President Korwood claims that the assets are as two to one to liabilities. Three other banks in this city are preparing for the worst, as the people are greatly excited over the failure. Hammond, Ind., Aug. 4.-The First National bank of this city closed its doors today. It was established in 1886 with a capital stock of $50,000. It is the impression that the depositors will be paid in full. Lebanon, ra., Aug. 4.-The Lebanon Trust and Safe Deposit bank failed today. It is a state institution with $50,000 capital. Denver, Aug. 4.-The Equitable Accident Insurance company has been placed in the hands of Charles B. Mason, a receiver. Its capital is $250,000, with a surplus on hand of $100,000. The concern is considered responsible and it is believed that there will be no losses to any of its patrons. Pittsburg, Aug. 4.-William Semple, Jr., president of the Pittsburg and Akron railroad, which is in a receiver's hands, today confessed judgment for $208,000 in consequence of the trouble involving the road. Ligonier, Ind., Aug. 4.-Yaeger Bros., controlling large lumber and saw mills at Walcottville and Cromwell, have failed. Their money is tied up in lum ber. New Orelans, Aug. 4.-The Texas National bank of San Antonio, failed to open its doors this morning and is now in the hands of the bank examiner. The capital stock is $100,000.

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RECEIVER HUNT

SAN ANTONIO, Tex., Aug. 10.-(Special)-The comptroller of the currency today appointed J. L. S. Hunt of this city receiver of the Texas National bank. which closed its doors last week. No public statement of the financial condition of the bank has yet been made.

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Texas Bank Receivers

Controller Eckels has appointed Mr. & L. S. Hunt receiver of the Texas National Bank of San Antonio, Tex.

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of the German-American Bank

It is said the bank will re-open for business in about fifteen days. Its b lls receivable exceed its deposits more than $2,000,000. MILWAUKEE, Aug. 4.-The Exchange Bank of Colby, Wis., and the Baraboo Savings of Baraboo have failed. R B Gripp has been appointed assignee of the Baraboo bank, but no statement has been made. The Exchange Bank of Colby has a capital of $50,000. It 0 ves depositors about $30,000. MUNICE Aug. A - The Citizens' Na tional Bank failed this morning. Its capital is $200,000, but no statement of the liabilities has been made. There were runs on the Farmers' National. Merchants' National Bank and the Delaware National Bank, but it is believed they will be able to continue in business. PROVIDENCE, Aug. 4. -The State Bank of this city was unable to meet its balance at the Providence Clearing House to day and closed its doors. It is not a national bank. It has a paid up capital of $77,000. The suspension is due to the stringency of the money market and the withdrawal of deposits. The bank was one of the oldest of the State banks, and was instituted in 1850. It has not been regarded as sound. The report of the State Auditor in November, 1892, shows its depos ts to be $238,900. SAN ANTONIO, Aug. 4 -The Texas National Bank failed to open its doors this morning and is now in the hands of a United States bank examiner. It is the smallest bank in the city, having a capital stock of $100,000. The liabili tiies are small. The last statement shows only $76,000 deposits. The closing caused no E xcitement and no runs on other banks. LEBANON, Pa.. Aug 4 -The Lebanon Trust and Safe Deposit Bank failed to open its doors this morning. The announcement was, "This bank closed by order of the directors." The bank is a State institution with a capital of $50,000. Inability to collect outstanding accounts, the general tightness of the money market and personal litigation of the president, Robert H. Coleman, locking up securities and enjoining it from disposing of them, have compelled this step. It is stated upon the authority of counsel that the result of this litigation cannot but be favorable to Mr. Coleman in the end, when the securities will be released, leaving ample assets to pay all claims. It is believed that the suspension is but temporary and that all depositors will be paid in full. It will have but little if any effect upon the other banks.

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TREASURY DEPARTMENT, OFFICE OF THE COMPTROLLER OF THE CURRENCY, WASHINGTON, D.C., August 10th, 1893. Notice is hereby given to all persons who may have claims against "THE TEXAS NATIONAL BANK," of San Antonio, Texas, that the same must be presented to J. L.S. HUNT, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. 8 15 3m JAMES H. ECKELS, Comptroller of the Currency.

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TREASURY DEPARTMENT, OFFICE OF THE COMPTROLLER OF THE CURRENCY, WASHINGTON, D.C., August 10th, 1893. Notice is hereby given to all persons who may have claims against "THE TEXAS NATIONAL BANK," of San Antonio, Texas, that the same must be presented to J.L.S. HUNT, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. 8 15 3m JAMES H. ECKELS, Comptroller of the Currency.

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TREASURY DEPARTMENT, OFFICE OF THE COMPTROLLER OF THE CURRENCY, WASHINGTON, D.C., August 10th, 1893. Notice is hereby given to all persons who may have claims against "THE TEXAS NATIONAL BANK," of San Antonio, Texas, that the same must be presented to J. L.S. HUNT, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. 8 15 3m JAMES H. ECKELS, Comptroller of the Currency.

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THE CAUSE OF HARD TIMES

How the Local Bankers are Providing for the Safety of Their Banks. Nothwithstanding the stringency of money, the "panicky" condition of finanances and the Texas National bank troubles the banks of San Antonio are in a healthy condition. It was feared that the closing of the Texas National bank would have caused a run upon the banks but very few have had any extra demands and business is now in its normal condition. By agreement however, banking is now carried on in a rigidly conservative way. Loans are very rarely made and "over-draws" are hardly ever allowed and then only on "gilt edged" and tangible security. Bank drafts are only received for collection, even from the most solid outside banks, except from those who deposit accounts at the bank. This is not from any want of confidence in the issuing banks but because the local banks want to increase their reserve fund and to be prepared to meet any adverse financial contingency that may arise. This, though the cause of considerable inconvenience and damage to some of our citizens, is a wise and safe policy. As a result, money is unusually tight, and the loan agent, the discounter and the pawnbroker are doing a flourishing business, making not only the interest allowed by the state, but a big premium or discount on the outside, from those whose necessities compel them to seek financial aid. In these facts can be found one of the leading sources of "hard times" in San Antonio.

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TREASURY DEPARTMENT, OFFICE OF THE COMPTROLLER OF THE CURRENCY, WASHINGTON, D.C., August 10th, 1893. Notice is hereby given to all persons who may have claims against "THE TEXAS NATIONAL BANK," of San Antonio, Texas, that the same must be presented to J. L.S. HUNT, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. 8 15 3m JAMES H. ECKELS, Comptroller of the Currency.

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TREASURY DEPARTMENT, OFFICE OF THE COMPTROLLER OF THE CURRENCY, WASHINGTON, D.C., August 10th, 1893. Notice is hereby given to all persons who may have claims against "THE TEXAS NATIONAL BANK," of San Antonio, Texas, that the same must be presented to J.L.S. HUNT, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. 8 15 3m JAMES H. ECKELS, Comptroller of the Currency.

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TREASURY DEPARTMENT, OFFICE OF THE COMPTROLLER OF THE CURRENCY, WASHINGTON, D.C., August 10th, 1893. Notice is hereby given to all persons who may have claims against "THE TEXAS NATIONAL BANK," of San Antonio, Texas, that the same must be presented to J.L. S. HUNT, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. 8 15 3m JAMES H. ECKELS, Comptroller of the Currency.

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All Hope Gone

The Texas National bank is being removed to the office of Receiver Hunt and it may therefore be taken that all hopes of it resuscitation has been abandoned. The premises, thus vacated, have been leased by Messrs. D. and A. Oppenheimer who will remove their bank there in a few days.

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COURT CULLINGS.

The Commissioners' Cases) Continued-Other Court News.

The first cases taken up for trial in the Thirty-seventh District court this morning were those against the county commissioners of. Bexar county, charged with swindling in the construction of the new county courthouse. Frank Teich, who is an important witness in the cases, being absent, they were continued by the state. District Attorney Camp was at his post of duty this morning after an absence of two days, caused by illness.

Emil Rosenberg, charged with embezzlement under $20, was dismissed. On the 16th of last April, he is said to have fraudulently embezzled a zither, valued at $15, and belonging to M. I. Manowitz, of the Alamo Music store.

Two cases against Richard Holmes were dismissed. He was charged with theft over $20, having stolen underwear, pants, shirts, etc, belonging to S. Dodic, a notion dealer on West Commerce street. the 23rd of last April. He was also charged with receiving and concealing stolen property.

The case against W. E. Lander, charged with theft over $20 was the last taken up in the Thirty-seventh District court today. Lander, it will be remembered, was arrested last October on a charge of stealing a gold watch valued at $40 from Joseph Vainwright. Lander is a well known railroad man. The case went to the jury a little before 2 o'clock and shortly after the jury went to dinner without returning a verdic.

FORTY-FIFTH DISTRICT COURT.

The following cases were disposed of in this court this morning: The F. F. Collins Manufacturing Company vs. A. P. Pulieck, on promissory note; judgment for plaintiff.

Frank Simmang vs. Charles W. Harris et al., to cancel deed; judgment for plaintiff.

August J. Zainortz et al. vs. Goldfrank, Frank & Co. et al., transferred from Thirty-seventh District court; judgment for defendant.

Armstrong, Cator & Co. vs. L. Moke and B. Moke, agent, on account; dismissed as to B. Moke, and judgment by default against L. Moke.

Polinario Perasus vs. C. F. Opperman, damages; dismissed for want of prosecution.

J. B. Lanyon vs. F. M. Edwards, appeal from Justice court; demurrers sustained and cause dismissed.

Mary F. Bennett vs. the Texas National bank, debt and to foreclose landlord's lien; judgment by default set aside.

The San Antonio Brewing association vs. C. Schuermeyer, on promissory note; judgment for plaintiff.

The San Antonio Brewing association vs. Conrad and Jakobina Schuermeyer, on promissory note and to foreclose lien; judgment for plaintiff.

Townsend, Hostetter & Co. vs. J. L. Hunt, receiver of the Texas National bank of San Antonio, debt; judgment for plaintiff, to which defendant excepted and gave notice of appeal. Defendant's motion for court's conclusions of law and fact granted.

PROBATE MATTERS.

The following was done in Probate court this morning.

In the estate of John Eckford, deceased, confirmation of sale refused and administrator ordered to resell at public or private sale. In the estates of S. J. Roberts, deceased, confirmation of sale refused and administrator ordered to re-sell at public or private sale.

COURT NEWS NOTES.

A suit of sequestration was filed in Judge Griff Jones' court this morning by Messrs. Hays & McGinnis for J. Bowman against T. J. Barnes, who conducts a boarding house at No. 127 Main avenue.

The county clerk granted marriage licenses to Jose Perez and Genoviva Valdez, to George Weimer and Anna Braun, and to Auselino Minjuentos and Josefa Castro this morning.

The Joseph M. Hays Woolen company, of St. Louis, filed a suit for debt of $394.40 against Kuehn & Sauer in the Thirty-seventh Dis-