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THE Maverick bank puts out the stars and stripes and floats the national banner at its mast-head. The run is over. The public settle down confident to know that as it was in the beginning, so it is now, "no bank failures in San Antonio.
Maverick Bank (San Antonio, TX)
Episode Information
- Episode UID
9494146791092- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Bank ID
-
949414679hash - Start Date
- December 26, 1890
- Location
- San Antonio, Texas (29.424, -98.494)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
83ae0b0e69224d50
Response Measures
None
Description
Owner Sam Maverick made an assignment of property to Reagan Houston the day the bank closed.
Events (3)
1.
December 26, 1890
Receivership
- Newspaper Excerpt
- Sam Maverick, the sole owner of the bank, made an assignment of all his property, real and personal, to Reagan Houston.
- Source
- newspapers
2.
December 26, 1890
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- A prolonged heavy run on deposits lasting three weeks, indicating bank-specific distress and leading to closure; owner later made assignment.
- Measures
- Local bankers and prominent citizens reportedly advanced funds and deposited money to try to avert collapse; public assurances given by Sam Maverick and others.
- Newspaper Excerpt
- The Maverick bank of this city closed its doors this morning after a heavy run that lasted three weeks.
- Source
- newspapers
3.
December 26, 1890
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank closed and suspended payments after the sustained run; owner Sam Maverick made assignment of property.
- Newspaper Excerpt
- The Maverick bank of this city closed its doors this morning after a heavy run that has lasted three weeks.
- Source
- newspapers
Newspaper Articles (17)
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-The police officers who assisted in keeping the'sidewalk clear during the run on the Maverick bank, were duly rewarded by Mr. Maverick.
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The Maverick Shuts Its Doors. SAN ANTONIO, Tex., December 26.-The Maverick bank of this city closed its doors this morning after a heavy run lasting three weeks. Sam Maverick, the sole owner of the bank, made an assignment of all his property. real and personal. The liabilities are $844,164; assets, $1,789,891.; P -
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A Texan Bank Fails. ST. LOUIS, Dec. 26.-A special to the Republic from San Antonio, Texas, says the Maverick bank of that city closed its doors this morning, after a heavy run that lasted three weeks. Sam Maverick. sole owner of the bank, made an assignment of all property, real and personal, to Reagan Houston. The liabilities, according to the schedule, amount ty $844,164, and the assets are footed at $1,789,915.
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A Texas Bank Suspends. (By telegraph to the Dispatch.] SAN ANTONIO, TEX., December 26.-The Maverick Bank, of this city, closed its doors to-day after a heavy run that has lasted three weeks. Sam. Maverick, the sole owner of the bank and its business, made an assignment of all his property, real and personal, to Reagan Houston. The liabilities amount to $44,000. and the assets are footed at $1,790,000.
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A SAN ANTONIO BANK CLOSED. The Action Necessitated by a Run that Lasted Three Weeks. SAN ANTONIO, TEX., Dec. 26.-The - Maverick Bank of this city closed its doors this morning after a heavy run that has lasted three weeks. Sam Maverick, the sole owner of the bank and its business, made an assignment of all of his property, real and personal, to Reagan Houston. The liabilities, according to the schedule filed in cours, amount to $440,000, and the assets are footed up at $1,790,000.
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Failure of the Maveriek Bank. SAN ANTONIO, Texas.-The Maverick bank of this city closed its doors this morning after a heavy run that lasted three weeks. Sam Maverick, sule owner of the bank and its business, assigned all of his property, real and personal, to Reagan Houston. The liabilities according to the schedule filed in court amount to $844,164 and the assets are footed at $1,789,915.
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Maveriek Closes. SAN ANTONIO, Tex., December 26.The Maverick bank of this city closed its doors this morning after a heavy run that lasted three weeks. Sam Mayerick, sole owner of the bank and its business, made an assignment of all his property, real and persoral, to Regan Houston. The liabilities, according to the schedule filed in a court, amount to $844,166 and assets are footed at $1,789,915.
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THE St. Louis Globe Democrat places the amount of money paid in to the Maverick bank on the day of the big run at $300,000. It is a poor newspaper correspondent who can not double figures. Perhaps $300,000 reads better than $152,000. All the same the deposits were there, and $300,000 could have been had if need-ed.
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The San Antonio Maverick Bank Closed. ST. LOUIS, Dec. 26.-A special to the Republic from San Antonio, Texas, says: The Maverick bank of this city closed its doors this morning, after a heavy run that lasted three weeks. Sam Maverick, sole owner of the bank, made an assignment of all his property, real and personal, to Reagan Houston. Liabilities, vaccording to the schedule, amount to $844,164, and the assets footed at $1,789,915.
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After a Three Weeks' Run. SAN ANTONIO, Tex., Dec. 26.-The Maverick bank, of this city, closed its doors this morning after a heavy run that has lafted three weeks. Sam Maverick, sole owner of the bank and its business, made an assignment of all his property, real and personal, to Reagan Houston. The liabilities, according to the schedule filed in court, amount to $844,164, and the assets are footed at $1,789,915.
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EXTENDING TO THE SOUTH. A Texas Bank Makes an Assignment With Fair Assets. ST. LOUIS. Dec. 26.-A special to the Republican from San Antonio, Tex., says: The Maverick bank in this city closed its doors this morning after a heavy run that lasted three weeks. Sam Maverick, sole owner of the bank, made an assignment of all the property, real and personal, to Rogan Houston. The liabilities, according to the schedule. amount to $844,164 and the assets to $1,789,915.
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HENRY EISMAN & Co., the oldest and largest dry goods house in Iowa, assigned on the 26th of December last. Liabilities $200,000, assets, $300,000. On the same day Roberts, Cushman & Co., New York assigned. Liabilities, $456,000, assets, $437,000. The Maverick bank San Antonio, Texas, also went down. Liabilities, $844,164. On the same day George Westinghouse was compelled to borrow $500,000 to tide him over a financial shoal.
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THE SOUTH. SAN AUGUSTINE, Tex., has been seriously damaged by fire. IN a row at Chilesburg, Ky., a tough named James Parlin from Jacks creek was killed. Two or three others were injured during the fusilade of over 100 shots. THE Edisto phosphate and fertilizer works about three miles from Charleston, S. C., were burned the other night. The loss was about $200,000, fully covered by insurance. THE Maverick bank, of San Antonio, Tex., closed its doors after a heavy run that lasted three weeks. Sam Maverick, sole owner of the bank and its business, has made an assignment of all his property, real and personal, to Reagan Houston. The liabilities amount to $844,104, and the assets are estimated at $1,780,915. IN a saloon row in Birmingham. Ala., George Kelly and Jack Lynch, railroad men, were fatally stabbed. W. D. SIMPSON, Chief Justice of the Supreme Court of South Carolina, is dead. By an explosion of a boiler at Kelly & Wells' lumber mill on Black river, forty miles from Newport, Ark., two men were killed. Another man and a woman were severely injured. IT is announced the New York and London committees on the Virginia State debt have definitely agreed upon a plan which it is expected the Virginia Legislature will readily approve. THE Flood block and five small twostory buildings at Vicksburg, Miss., have been burned together with the contents. Loss, $26,000; insurance, $28,000. THE Spanish vessel Angelica was captured by the revenue ship McLane off the coast of Florida on suspicion of smuggling. At first the Angelica showed a disposition to fight. COLUMBIA, Tenn., lost several houses, including a negro dance hall, by fire the other morning. THE Louisville & Nashville railroad shops at Mobile, Ala., have closed down. A large number of men are thrown out of employment. DR. M. A. DAUPHIN, a native of Alsace-Lorraine, and for twenty years president of the Louisiana Lottery Company, died at New Orleans on the 28th, aged 58 years. ISAAC MURPHY, the well known jockey, is seriously ill at his home in Lexington, Ky., having taken a violent cold while skating. He has never been a well man since his peculiar sickness the day he rode the notorious Firenzi race. FOUR prisoners tunneled out of the jail at Newport, Ky., while the jailer was on a drunk.
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LITTLE PICKUPS. The little Washington Salcon on East street was nearly washed out with water yesterday. The cross streets where there is no grading are very muddy, and almost impassable in places. Many of the creditors of the Maverick bank are becoming impatient to learn when they will get another ten per cent payment. The San Antonio Typographical union have postponed their trouble until November, about the time Col. Grice will have his type setting machines at work. There are not a few so-called respectable joints run by women of shady character in this city that should be pulled by the police. You should stop paying rent. Call and learn of the bargains offered by John T. Hambleton & Co. The railroad that is first in offering the delegates reduced rates will catch the biggest crowd for the Houston convention. Officer Brown is on the track of the negro who struck John Stout. The Weekly LIGHT is one dollar a year, 10 copies $7.50; 20 copies $12.00, and one copy free to the getter up of a club. The colored people will vote the straight republican ticket for federal, state and county officers if an opportunity is given them. They are beginning to tumble to the democratic chestnut "Lilly White." The tall Sycamore of the San Pedro is becoming uneasy. It is said that if Morril Poor will run he will not be a candidate. The damp weather has increased the sale of stright drinks, since one of our city doctors recommends whisky for rheumatism.
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SHORT STOPS. What the People are Saying. The personal epithets heaped by Mr. Houston upon the heads of unoffending citizens because opposed to him, like chickens are coming home to roost. It is nearly four years since the failure of the Maverick bank, yet the fact that the unfortunate depositors have received but 25 per cent., not interest upon the principal, makes this a burning issue with them. But what had Mr. Houston to do with it, and what has this to do with his candidacy for Congress ? Mr. Houston has been trying to convince the people of this district that because a Negro is running on the Makemson ticket for school superintendent that the people ought to vote against Noonan, and he has been telling the people to vote against Noonan because certain men support him. But what had Houston to do with the Maverick bank business? He had all to do with it. He was Mr. Maverick's lawyer and confidential adviser. He officiated behind the counter during those memorable days; he knew the exact status of affairs, he saw how the poor people were being deceived and defrauded and aided and abetted the deception. It was no doubt his duty as the attorney for Mr. Maverick to protect him, but in doing so he helped to ruin hundreds of trusting people who were most cruelly deceived. The story of the bank failure is fresh in the minds of the people. The 20th of December was a memorable day in the history of our city. Several thousand people, men and women, had crowded about the Maverick bank, fighting for a chance to draw their deposits. The alarm became general and it was feared that the panic pould spread to other banks; prominent citizens rushed to the rescue; thousands of dollars were poured into the bank by sympathising friends to avert the threatened disaster. While the people were demanding their money, speakers were assuring them of the solvency of the bank, and the safety of their deposits. Gen. Russ made a speech, and so did Mr. Maverick giving his personal assurance that he had money to pay every depositor. At night there was a torchlight procession; Mayor Callaghan and others gave the weight of their presence and assurances that the bank was solid. The bank stood the run on the 20th, Sunday gave a rest. Saturday night the bankers met at Col. Wright's and were assured by Mr. Scudder that $250,000 would cover liabilities, when it was proposed that the bankers advance pro rata upon all demands up to this figure. Mr. Houston, acted as Mr. Mavericks' spokesman, it is related that he objected to this generous offer, and declared that Mr. Maverick might as well assign. In Monday's LIGHT, the 22nd Dec. 1890, appeared a card from Mr. Maverick in which he said: "I am amply prepared to pay in cash all depositors of my bank on Monday morning at the usual hour, and my thanks are also hereby returned to a majority of the bankers of San Antonio who got together on Saturday night and unanimously and voluntarily agreed to honor and cash if necessary any checks drawn by customers on my bank. In conclusion I wish to say that I propose to continue to do business at the old stand, and hope to merit the continued confidence of my many friends." Poor old Sam, he did not intend to practice a terrible deception upon his "many friends." He was acting under the advice of another he was actually ignorant of the condition of his bank, but his lawyer evidently knew better. On Monday and Tuesday the bank took advantage of the generour advances of the other banks
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Pay Day Yesterday. There wasa considerable run on the old Maverick bank building yesterday, and more than a 100 voters drew advance payments, a couple of lawyers acting as paymasters. The largest portion of the applicants slid the stuff down in their pockets. but quietly put their votes for Judge Noonan today.