gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2643848a127286ad
Response Measures
None
Receivership Details
Depositor recovery rate
45.0%
Date receivership started
1891-07-16
Date receivership terminated
1900-08-11
OCC cause of failure
Fraud
Share of assets assessed as good
21.6%
Share of assets assessed as doubtful
40.1%
Share of assets assessed as worthless
38.2%
Description
Receivership date uses government record; contemporaneous reports state examiner closed the bank June 30, 1891.
Events (5)
1.September 12, 1890Chartered
Source
historical_nic
2.June 30, 1891Suspension
Cause
Government Action
Cause Details
Bank examiner Spaulding took charge and closed the bank, citing money-market stringency and excessive loans relative to capital.
Newspaper Excerpt
Bank Examiner Spaulding took charge of the Ninth National Bank to-night, and its doors will be closed to-morrow.
Source
newspapers
3.July 16, 1891Receivership
Source
historical_nic
4.July 16, 1891Receivership
Newspaper Excerpt
the result of Daniel C. Baxter, receiver of the Ninth National Bank, of Dallas, Tex., against the National Park Bank . . . the receiver alleged that this action was illegal.
Source
newspapers
5.*Other
Newspaper Excerpt
He makes a statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant.
Source
newspapers
Newspaper Articles (20)
1.July 1, 1891The Seattle Post-IntelligencerSeattle, WA
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Article Text
today. They set forth liabilities of $312,000, nominal assets $204,000, and actual assets $189,000. DALLAS, Tex., June .-Bank Examiner Spaulding took charge of the Ninth National bank tonight. and its doors will be closed tomorrow. He makes a statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant. NEW YORK, June 30.-Adamson, Bells & Co., China merchants, whose failure is announced from London today, are an old firm of thirty years' standing. The firm had no branch office in this city, but did business through correspondents here and in Chicago. One of these agents was seen this afternoon and he said the principal sufferers by the failure were Eastern bankers. Although many large importing houses in New York and Chicago were interested in the London house, it is learned that not one of them loses a cent. One bank, it is said, loses $450,000 by the failure. BALTIMORE, June 29.-Strauss Bros. & Co., maltsters, assigned today for the benefit of creditors and bond assignees for $800,000. This failure is the outcome of the assignment of Barth & Strauss two weeks ago. The primary liabilities are $160,000 and the contingent liabilities $200,000, aggregating $360,000. The assets will aggregate $650,000. A number of banks in this city offered to help the firm over its trouble, but it was thought best to take the step which culminated in the assignment today. The trustees state that the firm was forced to take this step on account of the recent failure of Solomon Strauss, Son & Bros., and of Samuel Barth & Co. Strauss Bros. & Co. were indorsers, either as a firm or individually, of the paper of Solomon Struss and Barth & Co. to the extent of $200,000. The matter is really not an assignment in what is generally understood by that term. Theonly means was taken to a ssist the firm in liquidating its affairs and paying the creditors in full.
A Bank's Doors Closed. DALLAS, TEXAS, June 30.-Bank Examiner Spaulding took charge of the Ninth National Bank to-night and its doors will be closed to-morrow. He makes a statement that every depositor will be secured. The causes assigned are: Stringency in the money market and more loans than the capital would warrant.
3.July 1, 1891The Morning CallSan Francisco, CA
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Article Text
Another Bank Closed. DALLAS (Tex.), June 30.-Bank Examiner Spaulding took charge of the Ninth National Bank to-night. and its doors will be closed to-morrow. He makes a statement that every depositor will be secured. The causes assigned are the stringency in the money market and more loans than the capital would warrant.
4.July 1, 1891The Morning NewsSavannah, GA
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Article Text
A Dallas Bank Closed. DALLAS, TEX., June 30.-Bank Examiner Spaulding took charge of the Ninth National Bank to-night, and its doors will be closed to-morrow. He makes a statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant.
5.July 1, 1891The Salt Lake HeraldSalt Lake City, UT
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Article Text
DALLAS, Tex., June 30.-Bank Examiner Spalding took charge of the Ninth National bank to-night and its doors will be closed to-morrow. He makes the statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans that the capital would warrant.
6.July 2, 1891Rock Island Daily ArgusRock Island, IL
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ABBREVIATED TELEGRAMS. Louis Heimood & Co., an Omaha grocery house, failed Wednesday. Emperor William of Germany arrived at Amsterdam Wednesday and was received with the greatest enchusiasm. I The dead body of Jacob Popp was found near the village of Palatine, Ills.. Tuesday. Popp left home is month ago with 8800 in Lis pocket. dail it is believed he was murdered President Harrison Wednesday issued a prochination granting the privilege of copyright in this country to citizens of Great Britain, France, Belgium, and Switzerland. Victory ran the % mile at Sheepshead bay Wednesday in 1:09 3-5, and Potomac the 1% miles in 2:51. The secretary of war has appointed for examination for appointment as officer in the army, John W. Ewing, civilian, of Evansville, Ind. While a New York physician was engaged in the laudable work of saving* a drowning boy some scoundrel stole his medicine case and silk hat, which he had left on the pier when he sprang into the water. The first passenger train on the new Pike's Peak railroad ascended to the summit Tuesday. The Ninth National bank, of Dallas, Tex., has been closed by the bank examiner, who announces that depositors will be-paid in full. Carrie Wendell, a little girl, fell out of the window of a New York elevated train Tuesday. She fell on the narrow foot board that runs by the side of the rails and miraculously stayed there until picked up anhurt. It seems that the crew of Lieutenant Peary, the aretic voyager, is composed largely of negroes, and news has been recelved that his expedition is likely to fail because the negroes cranot stand the intense cold of those regions. J. M. Hill, the well-known theatrical manager, is reported to be in financial deep water. Samuel J. Smithpan employee of L.D. Robertson &Sons, dealers in hides. etc., died Tuesday of blood poisoning, the re sult of hendling green hides which had been treated with arsenic to protect them from vermin. The poison got into his system through a pimple on this cheek. A law passed by the last Massachusetts legislature permits a citizen to get howling drunk twice a year with no other penalty than the inevitable headache. But if he gets drunk once more in the same year he goes to prison for not less than twelve months, without fail.
7.July 2, 1891Richmond DispatchRichmond, VA
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A Texas National Baok Closed. DALLAS, Txx., June 30.-Bank-Examiner Spaulding took charge of the Ninth National Bank to-night, and its doors will be closed tomorrow. He makes the statemeat that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant.
8.July 2, 1891Fort Worth GazetteFort Worth, TX
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THE RODGERS TRIAL. The Day at Dallas Consumed, and Five Jurors Secured. RESUME OF THE CHARGES, The Suspension of the Ninth National Bank Not a Surprise-What the Offieers Say-Postoffice Receipts for June. Special to the Gazette. DALLAS, TEX., July 1.-About 10 e'clock on the night of May 20, Lafayette Rodgers, an agent for the sale of the New Home sewing machines in this city, was arrested at his boarding house charged with the fearful crime of criminal assault upon Rhoda May Dexter. a nine-year-old white girl. At the time of the arrest Rodgers was in bed with his wife. He made no resistance, but denied the charge. The story, as told at the time, was to the effect that Rodgers called at the Dexter residence about 5 p. m. on May 20 for the purpose of selling a sewing machine he had at the house. He obtained Mrs. Dexter's permission to take little Rhoda May to a stand near by to get her a milk shake, when Rodgers proposed to the child that he would buy her a pair of shoes if she would go over to Elm street with him to make the purchase. Childlike, she agreed, and they left the milk shake stand for the purpose of obtaining the shoes. On the way they took a short cut through a lumber yard, and when they had reached a retired place in the yard the child says Rogers pulled her between some piles of lumber and made the terrible assault, threatening to kill her and her mother if she ever told of the deed. After this he took the child with him to a shoestore and
9.July 3, 1891The Hot Springs StarHot Springs, SD
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A Bank Fails. DALLAS, Tex., July 1.-Bank Examiner Spalding took charge of the Ninth National bank and its doors were closed. He makes a statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant.
10.July 8, 1891The True NorthernerPaw Paw, MI
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Failure of a Texas Bank. Bank Examiner Spaulding took charge of the Dallas, Tex., Ninth National Bank, and its doors will be closed. He makes a statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant.
11.July 9, 1891Brenham Weekly BannerBrenham, TX
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-The doors of the Ninth National bank at Dallas were closed Thursday. It is undergoing an investigation. The prevailings tringency of the money market is assigned as the cause. -The eighteenth anniversary celebration at Temple Monday was attended by 13,000 people. In the race participated in by Taylor, Belton and Temple firemen, Temple won the $150 prize.
12.July 9, 1891The Telegraph-CourierKenosha, WI
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Article Text
Failure of a Texas Bank. Bank Examiner Spaulding took charge of the Dallas, Tex.. Ninth National Bank, and its doors will be closed. He makes a statement that every depositor will be secured. The causes assigned are stringency in the money market and more loans than the capital would warrant.
13.June 24, 1893New-York TribuneNew York, NY
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It belonged to his wife. He will be examined again on June 30 by A. H. Hummel. THE NATIONAL PARK BANK S COMPROMISE. Judge Lacombe, in the United States Circuit Court, and the Controller of the Currency have assented to the compremise of the sult of Daniel C. Baxter, receiver of the Ninth National Bank, of Dallas, Tex., against the National Park Bank. of this city. Shortly before the Dallas bank suspended it sent assets of the face value of $274,107 60 to the New-York Ir.: stitution to secure an indebtedness of $132,520 67. The receiver alleged that this action was illegal. The National Park Bank, by the compromise, is to retain $30,634.45 obtained by it for some of the nates and securities, to receive $1,250 disbursed for expenses. etc., and to return to the receiver the rest of the assets, most of which are of little or no value.
14.July 5, 1893Fort Worth GazetteFort Worth, TX
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DALLAS. BANKER WOODS HAS NOT YET MADE BOND. Judge McCormick's Daughter to Be Married---Personal Mention--- Miller Finally Decides to Eat. Dallas, July 4.-Thomas J. Woods, Jr., made application for a writ of habeas corpus today, and his case wHI be disposed of tomorrow. When Woods was a high roller, and drove the fastest team of high steppers in Dallas, he had friends galore, They drank his wines, smoked his cigars and fattened upon his bounty. Now that he is in need of friends, they do not go near him. Woods keenly realizes his position, and. it is said. expressed himself in strong terms of the faithlessness of those upon whom he relied for aid. He says he surreudered all his property, even his jewelry. to the receivers of the Ninth National bank and cannot possibly give a bond of $60,000.
15.January 9, 1894The Waco Evening NewsWaco, TX
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Suit by a Bank Receiver. DALLAS, Jan. 9.-Suit was brought here in the United States court by G. B. Morgan, receiver of the Ninth National bank of Dallas, against James Kincannon of Mississippi, formerly bank examiner, on two promissory notes, one for $25,000 and the other for $1490.20, the former dated Jan. 3, 1891, and the latter June 3, 1891.
16.January 10, 1894Pine Bluff Daily GraphicPine Bluff, AR
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Suit by a Bank Receiver. DALLAS, Jan. 10.-Suit was brought here in the United States court by G. B. Morgan, receiver of the Ninth National bank of Dallas, against James Kincannon of Mississippi, formerly bank examiner, on two promissory notes, one for $25,000 and the other for $1490.20, the former dated Jan. 3, 1891, and the latter June 3, 1891.
TEXAS BANKS. Special Dispatch. Washington, Jan. 13.-George D. Morcan. receiver of the Ninth national bank at Dallas and the First national bank of Rockwall, was here today in consultation with Comptroller Eckles over the complicated condition of the affairs of the two banks. It is no secret that Morwan also has communications to make to the department of justice, which are intended to more materially settle affairs, Chandler and Williams. officers of the Rockwall bank. who were here to see the comprroller last week., have returned home.
The Failed National Bank Washington, January 11.-Geo. I gan, receiver of the Ninth National at Dallas and the First National Reekwall, was here today in consi with Comptroller Eckeis over the cated condition of affairs of thes banks. It is no Secret that Morgan has communications to make to to partment of justice which are Intends more materially settle the affairs Messrs. Chandler and Williams, ficers of the Rockwall bank wb here to see the comptroller las have returned home.
WOOD'S TRIAL Special Dispateli. Dallas, Tex., Feb. 14.-The trial of Tom J. Wood, Jr., charged with embezzling $204,000 from the Ninth National bank, is progressing slowly in the Federal court. The indictments were consolidated, but there are 100 separate and distinet specifications in the consolidated indictments and Wood is charged with violating nearly every one of the national banking laws. Hou. Henry Furman of Fort Worth, Col. R. B. Leay, W. T. Henry and several other attorneys are defending the accused. It is the prevailing opinion that the exbanker will be convicted on many counts of the indictments RR Receiver Boxter's evidence was very damaging today.
20.October 16, 1894San Antonio Daily LightSan Antonio, TX
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County Treasurer Acquitted. Special to the LIGHT: DALLAS, Oct. 16.-At midnight last night the jury in the case of W. N. Cole, treasurer of Dallas county, indicted for alleged misappropriation of public moneys and for making false entries in the books of his office, brought in a verdict of not guilty. The testimony satisfied the jury that the $13,000 shortage in the county funds, was lost in the suspension of the Ninth National bank three years ago.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
