Article Text
suspended. WASHINGTON, Aug. 11.-Comptroller Eckles was informed this morning of the suspension of the Waxahachie National bank of Waxabachie, Texas, capital $100,000.
Waxahachie National Bank (Waxahachie, TX)
Episode Information
- Episode UID
437901124- Episode Type
- Suspension → Reopening
- Bank Type
- national
- Bank ID
-
43790national - Charter Number
- 4379
- Start Date
- August 11, 1893
- Location
- Waxahachie, Texas (32.387, -96.848)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
21ab9c8d8f90634d
Response Measures
None
Events (4)
1.
July 26, 1890
Chartered
- Source
- historical_nic
2.
August 11, 1893
Suspension
- Cause
- Macro News
- Cause Details
- Money stringency (general money stringency/panic) cited as the cause
- Newspaper Excerpt
- Comptroller Eckles was informed this morning of the suspension of the Waxahachie National bank of Waxabachie, Texas
- Source
- newspapers
3.
August 19, 1893
Reopening
- Newspaper Excerpt
- The Waxahachie National Bank ... which suspended payment on Aug. 11 ... was today permitted to resume business.
- Source
- newspapers
4.
March 7, 1927
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (17)
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Article Text
A Texas Bank Suspends. WAXAHACHIE, Aug. 11.-The Waxahachie National # Bank has suspended. Assets, $206,000; liabilities, $86,000. Money stringency was the cause.
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Bad for Waxahaehie. WAXAHACHIE. Tex., Aug.11.-The Waxahaehie National bank has suspended; assets $206,000, liabilities $86,000. Money stringency was the cause.
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A Texas Bank Suspends. WAXAHACH.E, Tex., Aug. 11.-The Waxahachie National bank has suapended. Assets, $206,000; liabilities, $86,000. Money stringency the cause.
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A Texas National Bank Suspends. 11.-Conptroller Washington, Aug. Eckels was informed this morning of the suspension of the Waxahachie National Bank of Waxahachie, Tex., capital $100,000.
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ANOTHER BANK SUSPENSION. Waxahachie, Tex., Aug. 11.-The Waxahachie National Bank has suspended. The assets are $206,000; the Iiabilities, $86,000.
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DALLAS, Aug. 12.-The Waxahachie National bank suspended.
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WILL RESUME. PUEBLO, Col., Aug. 19.-The Central National bank, which suspended on July 15, will resume business on Monday morning. The American and the Western National banks will probably resume at an early date. WASHINGTON, Aug. 19-The Waxahachie National bank of Waxahachie, Tex., which suspended payment on Aug. 11, was today permitted to resume business.
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Banks Resuming Business. WASHINGTON, Aug. 19.-The Waxahachie National Bank of Waxahachie, Tex., which suspended payment on Aug. 11, having complied with all the conditions imposed by the Comptroller of the Currency. and its capital stock being unimpaired. was to-day permitted to resume business. SPRINGFIELD. Mo., Aug. 19.-The Bank of Marionville, which is connected with the Bank of Springfield. both of which failed during the last two weeks. resumed business yesterday. and it is believed the Bank of Springfield will resume soon.
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WASHINGTON. Aug. 19.-The government receipts for the month to date were $175,640,000. Receipts for fiscal year to date, $46,545,776. Expenditures for month to date, $22,207,000. Expenditures for fiscal year to date. $61,882,888. Nine clerks in the general land office have been detailed to survey and plat town sites in the Cherokee outlet and will leave Washington within the next day or two for that purpose. The Waxahátchie National bank of Waxahatchie, Tex., which suspended payment August 11, was today permitted to resume business.
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Notes From the Capitol, Secretary Gresham has instructed United States consular officers that certificates of depreciation of currency will be required in all cases of importation from countries where the currency is depreciated and the consular fee of $5 heretofore imposed for such certificates is abolished. Surgeon-General Wyman of the Marine hospital service has received a cablegram from Consul-General Edwards at Berlin, stating that there are no further cases of cholera there. Secretary Carlisle has accepted the resignation of Robert H. Wynne. Mr. Wynne was formerly private secretary to Secretary Carlisle as a special employe. The Waxahachie National Bank of Waxahachie, Texas, which suspended payment August 11, has been permitted to resume business. Nine clerks in the general land office have been detailed to survey and plat town sites in the Cherokee outlet. Owners of silver refused to sell bullion to the government Saturday at $0.7325 per ounce.
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MORE SOLID THAN EVER. I WANAHACHIE. Tex., Aug. 21.(Special).-The Waxahachle National bank, lately suspended, has resumed payment. One of the directors stated to your reporter that it is on a more solid basis than ever.
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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL The Teople's National Bank, of Winston, N. C., capital $100,000, has suspended. Lerzars, La., was surprised by the suspension of all the banks in the city. They were the First National and Lemars National, with a capital of $100,000 each, and and the Lemars State and German Savings Banks. Notices were posted on the doors that the suspensions are due to inability to realize on assets, but that all depositors will be paid. The First National Bank of Anthony, Kan., which suspended payment in July was permitted to reopen its doors to business. The Waxahachie National bank of Waxahachie, Tex., which suspended payment August 11, was permitted to resume business. PUEBLO, Con-Bank Examiner J. Sam Bro wn has given permission to the Central National Bank, which suspended July 15. to resume business. The American and Western national banks, which suspended the same day, have received permission from Comptroller Eckels to resume and are rapidly complying with the conditions required.
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LATER NEWS WAIFS. FINANCIAL AND COMMERCIAL. The People's National Bank, of Winston, N. C., capital $100,000, has suspended. Lerears, La, was surprised by the suspension of all the banks in the city. They were the First National and Lemars National, with a capital of $100,000 each, and and the Lemars State and German Savings Banks. Notices were posted on the doors that the suspensions are due to inability to realize OR assets, but that all depositors will be paid. The First National Bank of Anthony, Kan., which suspended payment in July was permitted to reopen its doors to business. The Waxahachie National bank of Waxahachie, Tex., which suspended payment August 11, was permitted to resume business. PUEBLO, CoL-Bank Examiner J. Sam Bro wn has given permission to the Central National Bank, which suspended July 15. to resume business. The American and Western national banks, which suspended the same day, have received permission from Comptroller Eckels to resume and are rapidly complying with the conditions required.
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SILVER PURCHASES. The treasury department purchased only 40,000 ounces of silver, though 147,000 ounces were offered. The price paid for the silver was $0.7325 per ounce and that figure was offered for the remaining 107,000 ounces. The treasuly today announced that the owners declined to sell at that figure. ROYAL VISITORS. Among the visitors of the house of representatives today were a party accompanying his highness, the rajah of Kaputhala, India. They were in charge of Colonel Massey of the English army. BANK CIRCULATION. National bank circulation outstanding today is $191,996,368, an increase during the week of $3,350,000. INDIGNANT PENS!ONERS. Col. Charles L. Lincoln, late deputy commissioner of pensions, is authority for the statement that an effort will soon be made to prove through the courts that suspensions of pensions granted under the act of June 27, 1890, were illegal. NO CHOLERA AT BERLIN. Surgeon General Wyman of the Marine hospital service has received a cablegram from Consul General Edwards at Berlin stating that there are no further cases of cholera there. The disease, the dispatch says, was introduced through cucumbers procured from infected districts in Russian Poland. TEXAS BANK RESUMES. Waxahachie National bank, Waxa. hachie, Tex., which suspended payment August 11 was today permitted to resume business.
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THESE BANKS HAVE RESUMED BUSINESS GOOD PROSPECTS FOR MANY OTHER OF THE SUSPENDED INSTITUTIONS. 'Vashington Aug. 2,-Controller Eckels has prepared the following statement of banks which temporarily suspended during the late stringency and have since resumed business: Black Hills National Bank, Rapid City, S. D., capital stock $125,000; Gate City National Bank, Atlanta, $250,000; Capital National Bank, Indianapolis, $300,000; Washington National Bank, Spokane Falls, $250,000: First National Bank, Palouse City, Wash., $75,000: Southern California National Bank, Los Angeles. $200.000: First National Bank, Los Angeles, $200,000; First National Bank, San Diego, $300,000; First National Bank, Santa Ana, $150,000; First National Bank, Kendallville, Ind., $50,000; First National Bank, San Bernardino, $100,000; Second National Bank, Ashland, Ky., $50,000; First National Bank, Rico, Col., $50,000; National Bank of Commerce, Provo City, Utah, $50,000; First National Bank, Cisco, Tex., $50,000; American National Bank, Leadville, Col., $100,000; Central National Bank, Pueblo, $50,000; Missouri National Bank, Kansas City, $250,000; First National Bank, Fort Scott, Kan., $300,000; Union National Bank, Denver, $1,000,000; National Bank of Commerce, Denver, $500,000; Hutchinson National Bank, Hutchinson, Kan., $100,000; People's National Bank, Denver, $600,000; First National Bank, Anthony. Kan., $50,000; Greeley National Bank, Greeley, Col., $50,000; Farmers' National Bank, Henrietta, Tex., $50,000; State National Bank, Vernon, Tex., $100,000; Fourth National Bank, Louisville, Ky., $300,000; First National Bank, The Dalles, Ore., $50,000; Wanpaca County National Bank, Waupaca, Wis., $50,000; Waxahackie National Bank, Waxahackie, Tex., $100,000; Citizens' National Bank, Attica, Ind., $50,000; First National Bank, San Marcos, Tex., $80,000; First National Bank, Lockhart, Tex., $50,000; total, $6,030,000. Since January 1 last 145 National banks have suspended. Of this number, one has gone into voluntary liquidation, fifty-seven have been placed in the hands of receivers, sixty-two are in the hands of National Bank Examiners with excellent prospects of early resumption, in addition to the thirty-four above named, which have already resumed.
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Waxahachie National Bank. The Waxahachie National Bank, situated on the southwest corner of the square, is the youngest national bank in he city, but is numbered among the strongest financial institutions of the county. It has the largest surplus of any bank in the city or county. It was organized in 1890 with a capital stock of one hundred thousand dollars and with the following officers and directors: M. B. Templeton, president: A. Trippet, Sr., vice president; H. W. Trippet, cashier. The above named gentlemen with the following named Waxahachians constituted the board of directors. J. F. Strickland, A. S. Farley, Geo. H. Cunningham, R. P. Sweatt, J. B. Boone, Julius Levy, T. R. Anderson, D. Brin, N. Brown, R. Vickery, B. F. Spalding and T. G. Smith. The bank grew and prospered, but fell on hard lines during the panic of 1893 and for a time was forced to suspend payments, but soon opened its doors for business and has since grown steadily in financial strength and influence. According to the last statement made to the Comptroller of Currency It had a capital and surplus of $175,000, undivided prifts of $17,032 and deposits of $326,654. The present officers of the institution are: J. H. Miller, president: Geo. H. Cunningham, vice president: Ed F. Cunningham, cashier, who succeeded to that position two years ago upon the death of Cashier Robs. L. Goodloe, and who by the way did much for the growth and popularity of the bank during his long connection with it. The directors are J. H. Miller, Geo. H. Cunningham, M. B. Templeton, Wm. Stiles, B. F. Spalding, J. H. Moffett and R. Vickery. The Waxahachie National is equipped for handling all business offered it and the uniform courtesy and liberality of its officials make if a pleasant house with which to deal.