Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-11-19
BY RECEIVER CAMPBELL.
Special to the Gazette.


TYLER, SMITH COUNTY, TEX, Nov. 10
There is no banking firm in the state of
| Texas better known than that of Bonner *
| Bonner of Tyler, Tex. They began bust
| ness in 1872, and since that time have con-
| tinued without Interruption, doing an enor-
| nous business and gaining the confidence
| of the entire public.
In 1859 the International and Great
| Northern railway in Texas was put into
| the hands OF receivers, and Col. I. K. Bon
ncr, the real head of the banking business,
| was appointed receiver with Col j. NJ
| Eddy as co-receiver. The bank of Bonner
| & Bonner was made the depository for the
receivers. Last year Col. Eddy died, and
| I. NJ. Campbell was appointed co-receiver
| Bonner died, and Mr.. Campbell was retained
| as sole receiver, though the bank
| of Bonner 4 Bonner YVES
STILL MADE THE DEPOSITORY
Mr.. Campbell made request upon said
bank for a statement of its financial condi-
ton recently and the same was furnished
him in writing. Hon. John NJ Duncan,
| counsel for the International and Great
Northern receiverShip, states that this
showing denoted that the bank was
''abundantly solvent for all its just dc
mands. Mr.. Campbell in order to protect
his trust procured from the bank deed of
trust on October 3, on real estate here and
elsewhere, amounting to about forty-seven
thousand dollars. Said deed of trust
named Judge Felip j. McCord as trustee
During this month, the date not being OBJ
tainable, another deed of trust was
given for the same purpose, and
Jno. NJ. Duncan was named as trustee
This deed OF trust was given on certain col
laterals, including overdrafts to October 81
and amounting to SiO0,000, with schedule of
said securities attached.
THE CLASH.
Last night, deeming his trust INSULT
GENTLY secured, Receiver I. NJ. Campbell
ran an attachment on the bank of Bonner 4
Bonner.
Yesterday Bonner & Bonner executed an
other deed of trust, covering every avail
able asset not included in the above men
toned trust deeds, and named H. NJ Whit
aker as trustee The last mentioned deed
of trust is intended to protect other general
creditors.
1t is generally believed that no outside
bank will suffer very much by this failure,
and our two local banks, the First
national and the City national,
are not hurt in the least.
but are amply able to meet any demand
made upon them.
Following the failure of this bank the
boot and shoe house of II. c. White Il Co.
made an assignment to-day. naming S. A.
Overton assignee This assignment was
caused by the attachment of au interest in
said business belonging TO Bonner & Bon
ner This firm carries a stock of from
$4,000 to 10000, and owe only about $4,000.
They will pay
EVERY DOLLAR ON THEIR INDEBTEDNESS.
Wild rumors of the possible failure of
many prominent business firms in this city
were aflOat, but in testigation proves them
groundless. a rumor of this sort caused
the firm of J. H. Brown s. Co. to send out
tie following telegram: 1.-The failure of
Ionner & Bonner will not affect Us. Our
as sets are beyond our liabilities and
should our creditors treat US as
considerably as heretofore we will meet
every obligation. We shall conduct our
business in the usual course without ex-
traordinary action. This was to meet IN
founded rumors afioat on account of Bon
ner & Bonner's heavy failure"
TSigned j. H. BROWN & Co.
The liabilities Of the bank will exceed
$500, 600, with assets about equal, but as
said assets include quantity OF worthless
securities, 1t is
NOT GENERALLY BELIEVED
that the creditors will all DE paid. As
usual in such cases, the town is rife with
rumors, and many depositors are furious
over their losses. The savings of years are
swept away to many small depositors, but
the business portion of the town suffered
very little. The town is thoroughly aroused
to the necessity Of acting together In such
misfortune, and no further trouble Is antic-
mated