Article Text
TEXAS BANK FAILS. Washington, Jan. 18.-The comptroller of the currency today was advised by telegram that the officers of the American National Bank of Abilene, Texas, have closed the bank. R. L. Van Zant has been appointed receiver.
American National Bank (Abilene, TX)
Episode Information
- Episode UID
702801261- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
70280national - Charter Number
- 7028
- Start Date
- January 18, 1905
- Location
- Abilene, Texas (32.449, -99.733)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
b64100d15606bd25
Response Measures
None
Receivership Details
- Depositor recovery rate
- 64.3%
- Date receivership started
- 1905-01-18
- Date receivership terminated
- 1910-03-31
- OCC cause of failure
- Fraud
- Share of assets assessed as good
- 38.9%
- Share of assets assessed as doubtful
- 16.0%
- Share of assets assessed as worthless
- 45.1%
Description
Closure attributed to correspondents' refusal to renew rediscounts and local gossip; receiver appointed same day.
Events (4)
1.
October 30, 1903
Chartered
- Source
- historical_nic
2.
January 18, 1905
Receivership
- Source
- historical_nic
3.
January 18, 1905
Receivership
- Newspaper Excerpt
- R. L. Van Zant has been appointed receiver.
- Source
- newspapers
4.
January 18, 1905
Suspension
- Cause
- Correspondent
- Cause Details
- Failure of correspondents to accept renewals for rediscounts and damaging street gossip precipitated the bank's closing.
- Newspaper Excerpt
- the officers of the American National Bank of Abilene, Texas, have closed the bank.
- Source
- newspapers
Newspaper Articles (12)
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Article Text
Abilene Bank Closed. Washington, Jan. 18.-The comptroller of the currency today advised that officers of the American National Bank of Abilene, Texas closed the bank. A receiver was appointed.
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Article Text
National Bank Failure in Texas. Washington, Jan. 18.-The Comproller of the Currency today was advised by telegram that the officers of the American National Bank at Abi'ene, Texas, have closed the bank. R. L. Van Sant has been appointed receiver.
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Article Text
Bank Closes at Abilene, Texas. Washington, Jan. 18.-The comptroller of the currency today was advised by telegram that the officers of the American National bank of Abilene, Tex., have closed the bank. R. L. Vansandt has been appointed receiver.
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Article Text
Receiver for Texas Bank. WASHINGTON, Jan. 18.-The Comptroller of the Currency to-day was advised by telegram that the officers of the American National Bank of Abilene, Tex., have closed the bank. R. L. Van Zandt has been appointed receiver.
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Article Text
Texas Bank Closed. Washington. Jan. 19.-The comptroller of the currency Wednesday was advised by telegram that the officers of the American national bank, of A bilene, Tex.. have closed the bank. R. L. Van Zandt has been appointed receiver.
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or of the primary department. 18.s, WASHINGTON. D. C. Jan. d American National bank of Abil- Van 16 The Texas. closed today R. L. o (e zandt one, was appointed receiver 19. -The BOSTON Mass., Jan. by court ordered Thomas why Law- he supreme to appear and show cause or s. should son not be punished for contempt gas in failure to turn over certain k stocks. y A BOSTON. Mass., Jan.19 The work- great of the Fall River textile t. a. strike ers has been settled by intervention Governor Douglass. S r of OURAY Colo., Jan. 19. Last night pard the residence of the bride's and o ents at here, Mr. Charles Newhall mar h Ada Belle Storey were united in grand w riage. After the ceremony a many r reception was given their mornfriends. and the couple left this groom e ing for Old Mexico. where the bride is engaged in mining. The is the daughter of Judge W. W. Storey cit n OURAY, Colo. Jan. 18.-Ouray taking are actively engaged in in . izens measures to prevent the passage has the legislature of a bill which of s been introduced for the purpose with d consolidating this water district Delta that comprising Montrose and the counties. The source of supply for two latter counties is in these meun- have tains Farmers in this district I had all the water they needed. an always the district is maintained at annual and expense of only $600 per year. the I while the expense of running 1 lower district is close to $10,000 per By the consolidation Ouray's as e year. taxes will be greatly increased our will be seen by the figures. and govfarmers' water supply would be Mont erned by an agent stationed at A committee is to be appointed at rose. a meeting to be held in Ridgway will go Saturday and that committee pasto Denver to work against the sage of the bill. , BERLIN. Jan. 20.-The Tageblatt the e rebellion breaking out Rebels, in province reports of Moscow today. I acourding to report, dynamited gov adernment buildings, containing and ministrative. judicial. taxation reported police offices. Chief of police mob. one magistrate wounded by a 20 ST. PETERSBURG, Jan. Troops were called out today to from pro the Puttiloff Iron Works tsrikers. tect Porcessions of workingmen strike held in many cities. The factories, were broke into several ers and state printing works connected forced with the academy of science, adworkers to join them. The police vised the manager to let disturbance employers in order to prevent a strikers Emboldened go by success, the and visited other printing shops greatly augmentel their numbers. Spinners in two mills this afternoon interior quit work. Ministers of the represenand finance agreed to meet An tatives of dissatisfied laborers. enormous demonstration is expected The when the conference takes place. a foreign spirit of revolution gained ComI foothold in the army and navy as manding officers were ordered to to 1 certain the sentiment in regiments all poprevent surprise and suppress litical agitation. At Riga the police a socialist demonstration and e dispersed today and destroyed the red flag siezed many weapons Twenty-five thousand men joined Kleff the strikers today in Kharkoff and districts. KANSAS CITY, Jan. 20.-A verdict carrymurder in the first degree, was reof with it the death penalty, turned ing today against Martain Speyer, of circus rider, who cut the throat was a his sleeping little son. The deed arrested committed after Speyer was girl. charged with mistreating a little Speyer remove an eye witness. Texas. r formerly to lived in Whitewright. f He pleaded insanity e WASHINGTON. D. C., Jan. 20. sensational feature at the capital going g A was Senator Reed Smoot The e today the stand in his own defense. even r committee on room was packed. passage ways being kept open at T e with the difficulty The senator was in the h his ease, although every eye He was directed toward him. City said room he was born in Salt Lake were st 8 1862. His father and mother plural both in dead. His mother was a Mr. x wife. Concerning his own family Sep8 Smoot said he was married in and htember, 1884, had but one wife, take had six children. He did not his h they the endowment at the time of eng but went through the his dowment marriage, house at the request of e father, for the benefit of the latter's the health. He had been engaged in his In mercantile business the most of
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BANK CLOSES AT ABILENE, TEXAS, TEMPORARILY MANAGEMENT INTIMATES THAT IDLE STREET GOSSIP IS LARGELY RESPONSIBLE. DEPOSITORS ARE ALARMED Stated That Depositors Will Be Paid in Full-That Suspension of Business Is Only Temporary-Stocknn of Section Excited. Abilene, Texas, Jan. 23.-The failure of the American National Bank has caused considerable expitement among the stockmen of this section of the country, although the directors of the institution claim that is is only a temporary embarrassment, and that the bank will resume business soon and all depositors will be paid in full. On the day that the bank closed the following statement was published on the doors of the institution: "To Whom It May Concern: "Abilene, Tex., Jan. 18.-The failure of our correspondents to accept renewals for rediscounts and street talk of some of our citizens detrimental to the good of the bank precipitated the closing of the American National bank, whose remaining duty was to notify the comptroller of the currency. which was deemed the best method for all concerned. Depositors will be paid in full. "O. W. STEFFENS, "J. G. LOWDEN, "W. J. THOMPSON."
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Texas Bank Closed. The comptroller of the currency at Washington was Wednesday advised that the officers of the American National Bank of Abilene, Tex., had closed the ank. A receiver was appointed.
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Abilene, Tex., Bank Fails. WASHINGTON.-The comptroller of the currency has been advised by telegram that the officers of the American National bank of Abilene, Tex., have closed the bank. R. L. Van Zandt has been appointed receiver.
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A Texas Bank Fails. Washington: The comptroller of the curreucy was Wednesday advised that the officers of the American National Bank, of Abilene, Tex., had closed the bank. A receiver has been appointed.
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Article Text
Texas Bank Closed. The comptroller of the currency at Washington was Wednesday advised that the officers of the American National Bank of Abilene, Tex., had closed the ank. A receiver was appointed.