Houston Savings Bank (Houston, TX)

Episode Information

Episode UID
5443878691032
Episode Type
Run → Suspension → Closure
Bank Type
savings
Bank ID
544387869 hash
Start Date
December 21, 1885
Location
Houston, Texas (29.763, -95.363)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
276ad2304813b510

Response Measures

None

Description

Articles show an initial short run in Dec 1885 and a final closure with receiver in Feb 1886; receiver name varies in reports (D.F. Smith / D.F. Stuart).

Events (3)
1. December 21, 1885 Run
Cause
Local Banks
Cause Details
Run occurred amid and linked to the suspension/failure of the Houston City Bank; large withdrawals by depositors.
Newspaper Excerpt
The run on the Houston Savings Bank continued for a few hours this morning, and then gradually ceased.
Source
newspapers
2. February 26, 1886 Receivership
Newspaper Excerpt
D. F. Smith was appointed receiver this morning and the affairs of the bank are now in his hands.
Source
newspapers
3. February 26, 1886 Suspension
Cause
Local Banks
Cause Details
Heavy run on the savings bank coinciding with the recent failure of the Houston City Bank, leading to closure.
Newspaper Excerpt
The Houston Savings bank closed its doors this morning.
Source
newspapers

Newspaper Articles (12)
1. December 22, 1885 Savannah Morning News Savannah, GA
Article from Savannah Morning News, December 22, 1885

Click image to open full size in new tab

Article Text

HOUSTON'S CRASH. Withdrawal of Large Deposits the Inamediate Cause. HOUSTON, TEX., Dec. 21.-The run on the Houston Savings Bank continued for a few hours this morning, and then gradually ceased. The savings bank published an official statement showing that it was not involved with the affairs of the City Bank, which suspended oa Saturday, beyond small sums amounting to $342 due from the latter bank. The suspension of the City Bank was precipitated by the withdrawal of large deposits by some of the oldest customers.

2. February 27, 1886 The Daily Telegraph Monroe, LA
Article from The Daily Telegraph, February 27, 1886

Click image to open full size in new tab

Article Text

Bank Failure. ST. LOUIS, Feb. 27.-A special from Houston, Texas, to the Post-Dispatch states that the Houston Savings bank closed its duors y ;terday morning. Some of the bank's heaviest. depr citors withdrew their funds Thursday after afternoon and later in the day asked that a receiver be appointed: D. F. Smith W23 appointed receiver this morning. The affairs of the bank are now in his hands. Total : amount of money deposited with the bank is $250,000. It failure is due to the heavy run upon it at the time when the Houston City bank failed recently.

3. February 27, 1886 The Democratic Leader Cheyenne, WY
Article from The Democratic Leader, February 27, 1886

Click image to open full size in new tab

Article Text

Failure of a Savings Bank. ST. LOUIS, Feb. 26.-A special from Houston, Texas, to the Post-Dispatch states that the Houston savings bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon, and later in the day asked that a receiver for the bank be appointed. D.T. Smith was appointed receiver this morning, and the affairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. The failure is due to a heavy run upon it at the time when the Houston city bank failed, recently.

4. February 27, 1886 The Argus Rock Island, IL
Article from The Argus, February 27, 1886

Click image to open full size in new tab

Article Text

Texas Savings Bank Gone Under. HOUSTON, Tex., Feb. 27.-The Houston Savings bank failed to open its doors Friday morning at the usual hour, causing great excitement among citizens and business men generally. Developments show that a petition was filed late Thursday night to have a receiver appointed, which was granted, Dr. David I. Stuart, of Stuart & Boyles, being appointed receiver. The de posits are estimated at $250,000.

5. February 27, 1886 Los Angeles Daily Herald Los Angeles, CA
Article from Los Angeles Daily Herald, February 27, 1886

Click image to open full size in new tab

Article Text

Another Texas Bank Failure. ST. LOUIS, February 26.-A special from Houston, Texas, to the Post-Dis. patch states that the Houston Savings Bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning and the bank is now in his hands. The total amount of money deposited with the bank is $250,000. The failure is attributed to the heavy run upon it at the time when the Houston City Bank failed recently.

6. February 27, 1886 Seattle Daily Post-Intelligencer Seattle, WA
Article from Seattle Daily Post-Intelligencer, February 27, 1886

Click image to open full size in new tab

Article Text

Bank. HOUSTON (Tex.), Feb. 26.-The Houston Savings Bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon, and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning and the affairs of the bank are now in bis hands. The total amount of money deposited with the bank is $250,000. The failure is due to a heavy run on the bank at the time the Houston City Bank failed recently. No Indictments

7. February 27, 1886 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, February 27, 1886

Click image to open full size in new tab

Article Text

A Bank Succumbs. HOUSTON, Tex., Feb. 26.-The Houston Savings bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning and the affairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. Its failure is due to the heavy run upon it at the time when the Houston City bank failed recently.

8. February 27, 1886 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, February 27, 1886

Click image to open full size in new tab

Article Text

A Bank Succumbs. HOUSTON, Tex., Feb. 26.-The Houston Savings bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon and later in the day asked that a receiver for the bank be appointed. D. F. Smith was appointed receiver this morning and the effairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. Its failure is due to the heavy run upon it at the time when the Houston City bank failed recently.

9. February 27, 1886 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, February 27, 1886

Click image to open full size in new tab

Article Text

Bank Failure. ST. LOUIS, February 26.-A special from Houston, Texas, to the Post Disputch states that the Houston Savings Bank closed its doors this morning. Some of the bank's heaviest depositors withdrew their funds yesterday afternoon, and later'in the day asked for a receiver for the bank to be appointed. D. F. Smith was appointed receiver this morning and the affairs of the bank are now in his hands. The total amount of money deposited with the bank is $250,000. The failure is due to a heavy run upon it at the time when the Houston City Bank failed recently.

10. February 28, 1886 The Ouachita Telegraph Monroe, LA
Article from The Ouachita Telegraph, February 28, 1886

Click image to open full size in new tab

Article Text

Bank Failure. ST. LOUIS, Feb. 27.-A special from Houston, Texas, to the Post-Dispatch states that the Houston Savings bank closed its doors yesterday morning. Some of the bank's heaviest depositors withdrew their funds Thursday after afternoon and later in the day asked that a receiver be appointed. D. F. Smith was appointed receiver this morning. The affairs of the bank are now in his hands. Total: amount of money deposited with the bank is $250,000. Its failure is due to the heavy run upon it at the time when the Houston City bank failed recently.

11. March 4, 1886 Fort Worth Daily Gazette Fort Worth, TX
Article from Fort Worth Daily Gazette, March 4, 1886

Click image to open full size in new tab

Article Text

Assets and Liabilities, Special to the Gazette. HOUSTON, TRX., March 8.-Dr. D. F. Stuart, receiver of the Houston Savings bank, to-day submitted a sworn statement to Judge Masterson of the district court, of the liabilities and assets of the defunct: institution. Assets are $862,128.76. Liabilities $204,270.20. Surplus $97,858.56.

12. March 18, 1886 The Austin Weekly Statesman Austin, TX
Article from The Austin Weekly Statesman, March 18, 1886

Click image to open full size in new tab

Article Text

FUNDS IN HAND. Houston Savings bank, $1,445.49; Ball, Hutchins & Co., $1,813.48; First National bank, Austin, $1,496.64; Bonner & Bonner, Tyler, $600; W. T. Parish, Rusk, $4,495.37; cash on hand in safe, $3,114.37. Captain Braham, in a note attached to his statement, says: "The above amount, $1,444.49, that I had deposited in the Houston Savings bank at the time of its suspension, I have since paid back, and will take the amount lost in the Houston Savings bank to my private account. HAYWOOD BRAHAM, Financial Agent."