Citizens Bank (Jefferson, TX)

Episode Information

Episode UID
883919791099
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
88391979 hash
Start Date
July 21, 1891
Location
Jefferson, Texas (32.757, -94.345)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7ff6efa4eac5c8cc

Response Measures

None

Events (2)

1. July 21, 1891 Suspension
Cause
Local Shock
Cause Details
Assignment triggered by recent embarrassment/insolvency of some of the bank's heaviest customers
Newspaper Excerpt
The Citizens' Bank has assigned to protect its depositors. The recent embarrassment of some of its heaviest creditors is the cause.
Source
newspapers
2. July 29, 1891 Receivership
Newspaper Excerpt
There are no new developments in the Citizens' bank failure yet. The bank's statement is delayed on account of the cashier... Hardy O'Neal ... has entered upon the discharge of his duties.
Source
newspapers

Newspaper Articles (12)

Article from The Wichita Daily Eagle, July 22, 1891

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Article Text

FAILURES. JEFFERSON, Tex., July 21.-The Citizens' bank has assigned. Embarrassment among customers is the cause. The assets exceeds the liabilities. H. A. O'Neil, of London, Tex., has been appointed receiver of the Jefferson Lumber company.


Article from The Seattle Post-Intelligencer, July 22, 1891

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Article Text

Business Failures. JEFFERSON, Tex., July 21.-The Citizens' bank has assigned to protect its property. The recent embarrasement of some of its heaviest customers is the cause for this. The assets are largely in excess of its liabilities. PHILADELPHIA, July 21.-The appraisement of the property of the Sevill, Schofield & Son Company, the great textile firm, shows assets of $568, 000 and liabilities of $929,000. Schofield offers the creditors in settlement twenty-five cents on the dollar cash, or fifty cents if the unsecured deferred payments are extended thirty months. Final arrangements are to be completed in a few days. BOSTON, July 21.-The liabilities of the Higganum Manufacturing Company, at Higganum, Coan., are $300,000 to $400,000; assets, $200,000.


Article from The Morning Call, July 22, 1891

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Article Text

BUSINESS WRECKS. An Offer to Creditors by a Philadelphia Textile Firm. PHILADELPHIA, JΓΌly 21.-An - appraisement of the property of Seville, Schofield, Son & Co., the great textile firm, shows assets $568,000 and liabilities $929,000. Schofield offers his creditors in settlement 25 cents on the dollar cash, or 50 cents unsecured deferred payments, extended thirty months. The final arrangements will be completed in a few days. BOSTON, July 21.-The liabilities of the Higganum Manufacturing Company, Higganum, Conn., are $300,000 to $400,000; the assets, $200,000. JEFFERSON (Tex.), July 21.-The Citizens' Bank has assigned to protect its depositors. The recent embarrassment of some of its heaviest creditors is the cause. The assets are largely in excess of the liabilities.


Article from The Evening World, July 22, 1891

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Article Text

Texas Bank Assignment. [BY ASSOCIATED PRESS.] JEFFERSON, Tex., July 22.-The Citizens' Bank, of Jefferson, has assigned to T. J. Rodgers. Liabilities, $100,000; assets, $125,000.


Article from The Salt Lake Herald, July 22, 1891

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Article Text

A Bank Assigns. JEFFERSON, Tex., July 21.-The Citizens' bank has assigned to protect depositors. Recent embarrassment of some of its heaviest creditors is the cause. The assets are largely in excess of the liabilities.


Article from The Roanoke Times, July 23, 1891

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Article Text

TELEGRAPHIC FLASHES. G corge W. Craig & Co.'s cotton warehouse, at Yazoo, Miss., together with 500 bales of cotton, was burned last night. Loss, $25,000; insurance, $19,000. The Citizens' Bank of Jefferson, Texas, assigned yesterday. Liabilities, $100,000; assets, $125,000. The Navy Department has received a dispatch announcing the departure of I-oquis from Honolulu for Apia, Samoa. at which place she is expected by August 4th.


Article from Los Angeles Herald, July 23, 1891

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Article Text

A Texas Bank Assigns. JEFFERSON, Texas, July 22.-Last night the Citizen's bank assigned. Liabilities, $100,000; aseets, $125,000. The depositors and creditors are fully protected.


Article from Arizona Republican, July 23, 1891

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Article Text

CONDENSED TELEGRAMS. The conference of the Women's Christian Temperance Union, adjourned yesterday, having been in session several days at Mountain Lake Park, N. D. The strike of steel workers at the Allegheny Besemer steel works of Carnegie at Duquesne, Pa., for recognition of the amalgamated association, ended today in a victory for the firm. The citizens bank at Jefferson, Tex., has assigned to protect its depositors. The recent embarassment of some of its heaviest creditors is the cause. The assets are largely in excess of the liabilities. Nothing yet has ever been heard of the four missing midshipmen of Her Majesty Steamship Warspite. One of the canoes in which the young men left for Pedden Bay has been picked up, and it is believed they were drowned. An Omaha special from Battle Creek, Neb., says the doors of the Farmers' and Growers' Bank closed this morning. No statement has been made yet. The bank has a capital of $25,600.


Article from The Salt Lake Herald, July 23, 1891

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Article Text

A Jefferson, Tex., Bank Assigns. JEFFERSON, Tex., July 22.-Last night the Citizens' bank assigned. Liabilities. $100,000; assets, $125,000. Depositors and creditors fully protected.


Article from The Helena Independent, July 25, 1891

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Article Text

SPARKS FROM THE WIRES. The Citizens' bank of Jefferson, Texas, has assigned to protect its depositors. Recent embarrassment of its heaviest creditors was the cause. Assets largely in excess of liabilities. Martin Waller. son of ex-Gov. Waller, of Connectiont, has returned to Greenpoint and resumed his duties as secretary and trensurer of the Long Island Brick company. Ho said the story about the defalcation WIS untrue. Prohibition ministers in Kansas have declared war against the drug stores and probate judges who issue them permits to sell liquors. They have appointed a committee to formulate a plan of action and adopted a resolution calling upon all law-abiding oitizens to support them in the war against the liquor traffic.


Article from Fort Worth Gazette, July 30, 1891

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Article Text

Receiver in Charge. Special to the Gazette. JEFFERSON, MARION COUNTY, July 29.There are no new developments in the Citizens' bank failure yet. The bank's statement is delayed on account of the cashier, A. D. Banta, being laid up with a broken leg. Hardy O'Neal of Linden, the receiver of the Jefferson lumber company, has entered upon the discharge of his duties.


Article from Cherokee Scout, August 4, 1891

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Article Text

THROUGH DIXIE. NEWS OF THE SOUTH BRIEFLY PARAGRAPHED Forming an Epitome of Daily Happenings Here and There. The Berkely land syndicate of Denver, Col., made an assignment Tuesday. Lia.bilities, $400,000; assets, $600,000. A Memphis, Tenn., dispatch says: Proceedings of the motion for a new trial in the King murder case were resumad Monday morning in the criminal court, A small boiler used in the repair shops of the Hill City oil mill, at Vick-burg, Miss., exploded Tuesday, fatally injuring Engineer Albert Spier and Fireman Albert Fisher. Last Saturday a battle between nogroes and Mailan workmen OR the Norfolk: and Western road, in Logan county, West Virginia, was fought, in which two Italians and one' negro were killed, and several wounded. Four convicts in the military prison at Fort Leavenworth escaped Tuesday by tunneling under the prison. (One of the four Was Baseball Pitcher Lucas, who made his third successful atte. upt to escape since his incarceration some months ago. Judge Cassady, of the Anniston, Ala city court, OD Monday, appointed Capt.. A. P. Agee receiver of the defunct Anpiston Saving and Safe Deposit Company. This was done at the request of the depositors, who held two or three meetings ecently to devise some way for obtaming oubts due them. Friday night the Citizens' bank of Jefferson, Texas, made an assignment. The bank closed business Saturday morn ing, not having funds to meet their creditors. Liabilities, $100,000 assets, $125,000. It is believed the depositors and creditors will receive the full amount of deposits and the bank will be able to pay. all its indebtedness. A Raleigh dispatch says: Dr. Henry V. Wilson, director of the United States fish commission, stationed at Woods Hall, Mass., was, on Monday, elected professor of biology in the University of North Carolina. He will be scientific expert to the North Carolina shell fish commission. His election makes я valuable addition to the faculty of the University of North Carolina. A dispatch of Friday from Sacramento, Gal., says: State Controller Colgan has refused to draw his warrant for the amount due as office rent for California's world's fair commission. He doubts the constitutionality of the legis lative act appropriating $300,000 for the California exhibit at the world's fair, and W ishes to have the question decided by the su premo court before he pays out any money. A run begans ON the People's Horne Savings bank at San Francisco, Monday, and several thousand dollars was paid back to the depositors. The bank commi sioners have begun an investigation of the bank's affairs, According to its report July 6th. the People's bank has a capital stock of 000,000, of which one-third is paid up. There is due depositors, who number about eig ut thousand, the sum of $100,000. The bank officers state that the institution is per-