gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b9a911ffa636f08d
Response Measures
None
Description
Suspension described as voluntary and solvent; state commissioner took charge per law.
Events (1)
1.October 31, 1907Suspension
Cause
Correspondent
Cause Details
Tightness of the money market and refusal of northern/eastern bankers to ship cash, depleting reserves.
Newspaper Excerpt
The West Texas Bank and Trust Company ... suspended payment here this afternoon.
Source
newspapers
Newspaper Articles (11)
1.November 1, 1907New-York TribuneNew York, NY
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Article Text
TEXAS BANK SUSPENDS PAYMENT. [By Telegraph to The Tribune.] San Antonio, Tex., Oct. 31. - The West Texas Bank and Trust Company, with resources of more than $1,500,000 and individuati deposits amounting to more than $500,000, suspended payment here this afternoon. It is a state bank. There was no run on it by depositors, and the suspension was voluntary, being ordered, so the officers say, to protect the depositors. It is declared that the bank is solvent. The president is G. Bedell Moore, one of the richest men in Texas.
SAN ANTONIO TRUST COMPANY CLOSES DOORS San Antonio. Oct. 31.-The West Texas Bank and Trust company of this city closed its doors under a temporary suspension of business today and is now in the hands of the state commissioner of Insurance and banking. The cause of the suspension is attributed to the tightness of the money market and the refusal of northern and eastern bankers to ship rosh. The West Texas Bank and Trust company is one of the principal banking institutions of San Antonio. T. B. Love, state commissioner of insurance and banking, arrived here from Austin tonight in answer to a
3.November 1, 1907The Pacific Commercial AdvertiserHonolulu, HI
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Article Text
TEXAN BANK SUCCUMBS. SAN ANTONIO, Texas, November I.-The West Texas Bank has suspended payment.
4.November 1, 1907The Marion Daily MirrorMarion, OH
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Trust Company Fails. San Antonio, Tex., Nov. 1.-The West Texas Bank and Trust Co., of this city, closed its doors Thursday and is now in the hands of the state commissioner of banking. The cause of the suspension is attributed to the tightness of the money mraket. According to G. B. Moore, president, the company will soon be in condition to resume business. The last official statement of the bank showed a capital stook of $2,000,000 and deposits of $1,625,240.
THIS BANK CLOSED Texas Trust Company in Hands of Receiver-Conditions in Other Plades. San Antonio, Nov 1.-The West Texas Bank and Trust Co of this city closed its doors under a temporary suspension yesterday, and is now in the hands of the state commissioner of insurance and banking. The cause of the suspension is attributed to the tightness of the money market. According to G. B. Moore, president, the company will soon be in condition to resume business. The last cincial statement of the bank showed a capital stock of $2.000,000 and deposits of $1,625,240.
6.November 1, 1907The Times DispatchRichmond, VA
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Article Text
TEXAS BANK SUSPENDS Institution With Capital of Two MIIlions Is Temporarily Closed. SAN ANTONIO, TEXAS, October 31.The West Texas Bank and Trust Company, of this city, closed Its doors under a temporary suspension to-day, and is now in the hands of the State Commissioner of Insurance and BankIng. The cause of the suspension is attributed to the tightness of the money market. According to G. B. Moore, president, the West Texas Bank and Trust Company will soon be In condition to resume business. The last official statement of the bank shows that it had a capital stock of $2,000,000 and deposits of $1,625,240.
7.November 1, 1907Daily Capital JournalSalem, OR
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Article Text
Texas Bank Closes. (United Press Leased Wire.) San Antonio, Tex., Nov. 1.-The West Texas Bank & Trust Company, of this city, has closed its doors under a temporary suspension of business. The West Texas Bank is one of the principal banking institutions of the city.
8.November 2, 1907The Hawaiian StarHonolulu, HI
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Article Text
TEXAN BANK SUCCUMBS. SAN ANTONIO, Texas, November 1. The West Texas bank has suspended payment.
9.November 3, 1907The CaucasianShreveport, LA
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Article Text
LOVE TAKES CHARGE. Law Requires States Commissioner of Banking to Do This. San Antonio, Nov. 4.-T. B. Love, state commissioner of banking, arrived in this city and took charge of the affairs of the West Texas Bank and Trust company, which suspended payment Thursday afternoon. He is required to do this under the state law. It is believed that investigation of the bank's books will show that it is entirely solvent. It is now stated that the suspension was due to the fact that owing to the refusal of other banks in the east, and even in this state, to ship money SO depleted the reserve in the bank that it was deemed best to suspend temporarily.
10.November 3, 1907Bryan Morning EagleBryan, TX
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Article Text
LOVE TAKES CHARGE. Law Requires States Commissioner of Banking to Do This. San Antonio, Nov. 4.-T. B. Love state commissioner of banking. arrived in this city and took charge of the affairs of the West Texas Bank and Trust company, which suspended payment Thursday afternoon. He is re quired to do this under the state law It is believed that investigation of the bank's books will show that It 19 entirely solvent. It is now stated that the suspension was due to the fact that owing to the refusal of other banks in the easts and even in this state, to ship money so depleted the reserve in the bank that it was deemed best to suspend temporarily.
11.November 12, 1907Los Angeles HeraldLos Angeles, CA
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TEXAS AUSTIN, Texas, Nov. 11.-It is understood that Attorney General Davidson is preparing an answer to the recent letter addressed to him by United States Senafor Joseph Welden Balley. It is probable that it will be given to the press soon for publication. WESTFIELD-Some preparation is being made to put down another test well for oil near Westfield. The new well will be near the International and Great Northern railroad, about two and onehalf miles south from the station. BRENHAM-At a meeting of the bankers here resolutions were adopted limiting withdrawals to $50 per day and pledging they will ship no money out of the city. SAN ANTONIO-The suspension of the West Texas Bank and Trust company, the state institution which closed its doors, is but temporary and the bank will resume business within a short time. AUSTIN-A telegram was received from the clerk of the supreme court of the United States stating that the case of D. Sullivan vs. the state of Texas would come up for hearing during the week beginning December 9. William E. Hawkins, assistant attorney general, will go to Washington to represent the state. If you want to go east, c. Haydock, Agent Illinois Central R. R., 118 W. 6th
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West Texas Bank & Trust Company · UID 5432079891294
