1120. Denver Savings Bank (Denver, CO)

Bank Information

Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
savings bank
Start Date
August 8, 1905
Location
Denver, Colorado (39.739, -104.985)

Metadata

Model
gpt-5-mini
Short Digest
288442ae87d5c343

Response Measures

None

Description

Contemporary articles report a run beginning Aug 8, 1905 with the bank enforcing the 10% withdrawal rule; the bank then suspended on Aug 9 and was placed in receivership (closed) on Aug 19, 1905 amid allegations of large questionable loans to Leonard Imboden and associates and subsequent indictments/arrests.

Events (3)

1. August 8, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
Run described as following persistent rumors and dissensions among stockholders; depositors became suspicious after frequent changes in officials.
Measures
Bank closed doors at noon and allowed depositors in one at a time to withdraw 10% of their deposits (invoked 10%/30/60 rule).
Newspaper Excerpt
RUN ON THE DENVER SAVINGS BANK TODAY ... At noon the doors were closed and thereafter depositors were allowed to enter one at a time and draw 10 per cent of their deposits. The run followed persistent rumors regarding the bank's stability
Source
newspapers
2. August 9, 1905 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closure followed the run and contemporaneous reports cited bad loans and alleged questionable large loans to Leonard B. Imboden and associates.
Newspaper Excerpt
SAVINGS BANK SUSPENDS. Denver Institution Closes Doors, Owing Depositors About $2,000,000. Denver, Aug. 9.-The Denver Savings Bank suspended operations yesterday.
Source
newspapers
3. August 19, 1905 Receivership
Newspaper Excerpt
RECEIVER IN CHARGE Denver Savings Bank Closed by Judge Mullins on Petition of Depositors. ... Judge John I. Mullins in the district court today appointed Gay Leroy Stevick receiver for the Denver Savings bank, and the bank is closed.
Source
newspapers

Newspaper Articles (24)

Article from Deseret Evening News, August 8, 1905

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RUN ON THE DENVER SAVINGS BANK TODAY Denver, Aug. 8.-A run was started today on the Denver Savings bank which owes depositors about $2,000,000. At noon the doors were closed and thereafter depositors were allowed to enter one at a time and draw 10 per cent of their deposits. The run followed persistent rumors regarding the bank's stability, which have been current for a week or 10 days past. The bank's last published statement, made on July 3, was as follows: Resources-Loans, $1,185,000; furniture and fixtures, $9,505; real estate, $37,973; bonds and stocks, $320,232; demand loans, $199,554; due from other banks, $586,334. Total, $2,379,396. Liabilities-Capital stock, $250,000; surplus, $15,000; undivided profits, $19,338; due depositors, $2,094,598. J. A. Hill is president and Carlos Wood, cashier of the bank. Vice President Jones said the run came without any intimation when the doors opened this morning. "In what condition is the bank," was asked, "Very good, but there is no telling where thing like this kind will stop. I thought it wise to enforce the 10 per cent rule and the depositors and the bank will be protected to the full extent of our power."


Article from Arizona Republican, August 9, 1905

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BANK ON A RUN A Denver Depositors Made Suspicious by Frequent Changes. Denver, Aug. 8.-Following dissensions among stockholders and rumors arising therefrom, a run was made on the Denver Savings Bank today by the depositors who wished to withdraw their money. After the first fifteen minutes of business Vice President F. P. Jones, who was in charge of the bank, announced that the depositors could withdraw at once only ten per cent of their deposits, this rule being permitted by law. Mr. Jones said the bank was in good condition and the ten per cent rule was put in force for the protection of the public. J. A. Hill, president of the bank and L. A. Imboden, the heaviest stockholders were said to be in Kansas City today. Four times in the last year there have been changes in the official staff of the bank and it is believed that the depositors' loss of confidence in the institution is partly due to these changes.


Article from The Fairmont West Virginian, August 9, 1905

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Denver Savings Bank opened its doors at 10 A. M. and the blg run started Monday afternoon was resumed. A slight run was started at the Western Bank yesterday afternoon: Leonard Imboden, the power behind the Denver Savings Bank, a short time ago held a heavy interest in the Western but is said to have sold out. The statement is now made that both of the banks have close Interests in common. There is much talk of asking Governor McDonald to at once summon the Legislature to pass adequate laws for the protection of depositors and cred itors of savings and loan associations, It was only a few months ago that the Fidelity Assurance Society; of Detiver, failed for almost a million dollars, nine-tenths of the losers being from the working classes.


Article from The Barre Daily Times, August 9, 1905

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SAVINGS BANK SUSPENDS. Denver Institution Closes Doors, Owing Depositors About $2,000,000. Denver, Aug. 9.-The Denver Savings Bank suspended operations yesterday. Several hundred depositors were gathered about the entrance waiting to draw their money when the doors were closed. The bank owes depositors about $2,000,000.


Article from The Seattle Star, August 9, 1905

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DENVER, Aug. 9,-A8 early as 6 o'clock this morning savings and commercial depositors in the Denver Savings bank began forming into line, and by 8 o'clock fully 500 were waiting for the opening of the doors. The run started yesterday.


Article from Deseret Evening News, August 9, 1905

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DENVER BANKS EXPERIENCE RUNS Central Savings and Denver Savings Beth Paying Their Depositors. THE WESTERN CLOSES DOORS. Henry M. Beatty, Assistant Cashier, Is Appointed Assignee for the Unlucky Institution, Denver, Aug. 9.-The Western bank, a state institution. failed to open this morning. A notice was posted announcing that Henry M. Beatty, assistant cashier of the bank, had been appointed assignee. W. G. Brown is president, and W. T. Perkins cashier of the Western bank. STATEMENT PROMISED. No statement from the officers of the bank was forthcoming during the forenoon, but they announced that one would be made public later in the day. According to the bank's statement made on July 1, 1905, its resources and liabilities had shrunk during the previous year from $928,386. to $816,465. The amount of deposits on July 1 last was $614,676, and the loans and discounts were $642,658. The bank's capital is $100,000, and its surplus $10,000. It is said L. M. Imboden, one of the principal stockholders of the Denver Savings bank, on which a run is being made, recently acquired an interest in the Western bank. RUN ON DENVER SAVINGS The run on the Denver Savings bank, which began yesterday, was resumed today. There were about 300 people in line when the bank opened at 1) o'clock. The bank continued paying ten per cent of the deposits. Vice President F. P. Jones made the following announcement: "The public is assured. on the honor of the management of this bank, that there is absolutely no occasion for any uneasiness as to the bank's condition. "The Denver Savings bank has cash on hand to pay to its depositors every cent due on commercial deposits,and all that the savings depositors can call for un to the full limit." CENTRAL BANK ALSO. The Central Savings bank is also experiencing a run, but is paying all depositors in full on demand.


Article from Twice-A-Week Plain Dealer, August 11, 1905

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BIG RUN ON DENVER BANK Institution Owing Depositors $2,000,000 Closes Doors and Restricts Withdrawals. Denver, Col,. Aug. 9.-A run was started Tuesday on the Denver savings bank, which owes depositors about $2,000,000. At noon the doors were closed, and thereafter depositors were allowed to enter one at a time and draw ten per cent. of their deposits. The run followed persistent rumors regarding the bank's stability, which have been current for a week or ten days past. The trouble is reported to be due to bad loans. J. A. Hill is president and Carlos Wood, cashier of the bank. Vice President F. P. Jones said the run came without any-intimation when the doors opened Tuesday morning. "In what condition is the bank?" was asked, "Very good, but there is no telling where a thing of this kind will stop. I thought it wise to enforce the ten per cent. rule, and the depositors and the bank will be protected to the full extent of our power."


Article from The San Francisco Call, August 11, 1905

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WARRANTS ISSUED FOR BANK OFFICIALS Sworn Out by Depositor of a Collapsed Denver Concern. DENVER, Aug. 10.-Warrants were sworn out before the District Attorney this afternoon against four officials and one clerk of the Western Bank, which closed its doors on Tuesday. The men are charged with violating section 222 of the Colorado statutes by receiving deposits when they knew the bank was insolvent. This is a felony under the Colorado law. The warrant was sworn to by Elmer McColley, who said he deposited $120 with the Western Bank on Monday afternoon. The warrants were served on all but one of the persons named and arrangements were made to provide bonds for each in the sum of $10,000. The men arrested are President W. D. Brown, Cashier D. F. Blaire, Assistant Cashier Beatty and Clerk Mark Postlewaite. Beatty is now assignee of the bank. The "run" on the Denver Savings Bank, which was begun on Tuesday, continued to-day with diminishing force and the crisis appears to have passed. Application for the appointment of a receiver for the Western Bank was made to-day in the Circuit Court by attorneys representing depositors.


Article from Willmar Tribune, August 16, 1905

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with its 600 feet of train sheds, the ferry house, a hotel nearby, the terminal of the street railway, a new immigrant station, burned two ferry boats and threatened the docks of the North Gernian Lloyd and Hamburg American lines. The loss is estimated at about $500,000. No lives were lost. A run was started on the Denver savings bank, which owes depositors about $2,000,000. The doors were closed, and thereafter depositors were allowed to enter one at a time and draw ten per cent. of their deposits. Charles P. Sapp, editor of the Norfolk (Va.) Virginian-Pilot, died at Norfolk, aged 33 years. A switch engine crashed into a way car at Emporia, Kan. The way car, which contained a number of stockmen, was demolished, and ten persons injured, one probably fatally. The Chinese minister conferred with President Roosevelt in regard to pending negotiations for the purchase by China of Hankow railroad and concessions. Phillip Loew, 70 years old, committed suicide in a Chicago hotel, leaving a note reproaching his children. Eva Dakin, a Chicago actress who shot and killed a robber, was acquitted. Miss Agnes Ruckle, of Vancouver, B. C., and Miss Anderson, of Cascade, two school teachers, while attending a picnic went swimming in Christina lake and lost their lives. C. H. Prescott, a Portland (Ore.) capitalist, and at one time prominent in railroad circles, is dead here as the result of a stroke of paralysis. An unknown man committed suicide by jumping from the Brooklyn bridge. Mrs. Leslie Creamer and daughter, aged six months, living near Edenton, O., were burned to death. Mrs. Creamer used gasoline in starting a fire in the cook stove and an explosion followed. Representatives of all the independent telephone companies in Illinois met in Peoria, III., for the purpose of forming a powerful organization, the object of which will be to fight for business in this state. Alexander Melville Bell, father of Prof. Alexander Graham Bell, died at the home of the latter at Washington, aged 86, from pneumonia, following an operation for diabetes. The International Brotherhood of Teamsters began fts third annual convention in Odd Fellows' hall at Philadelphia. The delegates represent a membership estimated at 125,000 men and boys. Rev. Lewis Albright, of Delaware, O., widely known in Ohio, having been presiding elder of the North Ohio Methodist conference, a trustee of Ada university and of Ohio Wesleyan university, is dead. Gov. Robert M. La Follette, of Wisconsin, in an interview at St. Paul, Minn., stated that the report that he would resign the governorship in September and go to Washington as United States senator in October was without his authorization. President Schurman, of Cornell university, has received a diploma and the announcement of his appointment as a life member of the American Academy in Rome, established for the advancement of the fine arts. Capt. William E. English, commander-in-chief of the United Spanish War Veterans' association, has issued a general order for the second national encampment and reunion of the association, to open at Milwaukee September 7. Mrs. Annie J. Taylor, aged 59, a seamstress, and her granddaughter, nine years of age, were burned to death in a fire in a tenement house at Dallas, Tex. Edward Coffey, a farmer of Lexington, Ky., shot and instantly killed John Ingram, another farmer, in a quarrel about a ditch. J. Pierpont Morgan had a conference with President Roosevelt over the proposed sale of the Yankow railroad in China. A severe electrical storm accompanied by a heavy downpour of rain did damage in southern Indiana estimated at over a half million dollars. King Oscar of Sweden is leaving the capital in search of quiet and rest and Crown Prince Gustave will again be appointed regent. Five Italian laborers were struck by an engine and killed at a railroad junction near Alexandria, Va. Fire swept the docks at Hoboken, N. J., destroying a depot and train sheds, two ferry boats, a hotel, immigration station, and other buildings; loss estimated at $500,000. Many lives imperiled. An excursion steamboat sank at Broad Ripple park, ten miles from Indianapolis, Ind., with 180 passengers on board, all of whom were men, except one, a woman, who was rescued by a launch. One person was reported missing. The New York state court in dismissing a manslaughter charge against three Christian Scientists, under whose care a young girl died of diphtheria, held that a child may be treated by healers. Paul Morton and his wife, with two friends, narrowly escaped injury in an automobile accident in New York. State Senator Frank H. Farris, of Missouri, was acquitted by a jury of the charge of bribery in the legislature. Nine boats capsized by storm during a regatta at Pewaukee, Wis. Coe, the Boston athlete, made a new world's record in the shot put in the


Article from The Birmingham Age-Herald, August 19, 1905

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Another Infernal Machine Received. A second infernal machine resembling that sent to Mr. Schiff was received through.the mail today at the office of M. Guggenheim Sons at 71 Broadway. The contents were nearly the same as those of the Schiff bomb. A clerk was suspicious of the package, as the address was made of printed letters cut from a newspaper, and he placed the package in water. After standing there a short time, there was a slight explosion, due, it is thought, to gases generating in the box. In addition to the contents of the Schiff bomb, the one received at Guggenhelm's office contained a small vial in which was some liquid, thought to be either nitro-glycerine or olive oil. Wants Receiver of Denver Bank. Denver, Colo., August 18.-Attorney Edwin H. Park for William Corbett and others filed suit in the district court today asking for the appointment of a receiver for the Denver Savings bank. Fraud, connivance. disregard of the Colorado laws regarding savings banks and illegal preference for certain depositors on the part of banks officers are the allegations. It is charged that Leonard B. Imboden and associates obtained from the bank on questionable securities loans aggregating $656,000. In consequence of the suit a second run on the bank was started today.


Article from The Salt Lake Herald, August 20, 1905

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RECEIVER IN CHARGE Denver Savings Bank Closed by Judge Mullins on Petition of Depositors. Denver, Aug. 19. Judge John I. Mullins in the district court today appointed Gay Leroy Stevick receiver for the Denver Savings bank, and the bank is closed. Depositors of the savings bank. who had been permitted to draw only 10 per cent of their funds since Aug. 8, when a run on the bank began, petitioned the court to take charge of the institution, and the officers in charge consented today to have a receiver appointed. The bank had over 3,000 depositors, whose savings deposits aggregated $1,400.000, and there were also checking accounts aggregating several hundred thousand dollars before the run. In the petition for a receivership it is charged that over $500.000 had been loaned to Leonard B. Imboden and associates on securities of doubtful value. The officers of the bank today filed an answer to the petition denying that the loans complained of were made on fietitlous securities. The Bank of North America, of New York, holds 1,400 shares, a majority of the bank's stock, as security for a loan of $90,000. These shares stand on the bank's books in the name of C. B. Wilfley, but in reality, it is said, were controlled by Imboden. Mr. Wilfley has stated that he never purchased or had any legal title to this stock. J. A. Hill, president of the bank. who is said to have represented the Imboden interests, is absent in the east.


Article from The River Press, August 30, 1905

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Bank Officials]Arrested. DENVER, Aug. 23.-Warrants were issued by District Attorney George Stidger today, on complaint of depositors of the Denver Savings bank, for the arrest of President J. A. Hill, Vice President F. P. Jones, and some minor officials of the bank, which was placed in the hands of a receiver last Saturday. The nature of the charge has not been made public. President Hill is said to be in Oklahoma and Vice President Jones in Colorado Springs at present. Carlos Wood, cashier, R. A. Brown, receiving teller, and Jos. David, pay. ing teller of the Savings bank, were arrested here on warrants charging larceny. The complaints specifically set forth that deposits were received by the bank officers when they knew that the bank was insolvent.


Article from Americus Times-Recorder, September 3, 1905

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BANK MAY PAY 75 PER CENT. Denver Concern Which Recently Failed Was Badly Conducted. Denver, Sept. 2.-Receiver Stevick of the suspended Denver Savings bank has been taken into the district court to testify as to the condition of the bank. He believes that the assets of the bank will pay 75 per cent of the depositors' claims and asks authority to declare a dividend of 10 per cent at once. He said: "I am convinced that dur. ing the past few months the affairs of the bank have been conducted in gross and wilful violation of the banking laws of the state. Loans have been made to persons associated with and to companies officered by the same persons who made the loans as officers of the Denver Savings bank, and such loans were made without any collateral or upon collateral which was only a flimsy pretext. "On the books of the bank appear entries of loans to banks and commercial houses in Indiana Territory and Texas."


Article from Gainesville Daily Sun, September 5, 1905

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BANK MAY PAY 75 PER CENT. Denver Concern Which Recently Failed Was Badly Conducted. Denver, Sept. 4.-Receiver Stevick of the suspended Denver Savings bank has been taken into the district cour to testify as to the condition of the bank. He believes that the assets of the bank will pay 75 per cent of the depositors' claims and asks authority to doclare a dividend of 10 per cent at once. He said? "I am convinced that dur ing the past few months the affairs of the bank have been conducted in gross and wilful violation of the banking laws of the state. Loans have been made to persons associated with and to companies officered by the same persons who made the loans as officers of the Denver Savings bank, and such loans were made without any collat eral or upon collateral which was only a flimsy pretext. "On the books of the bank appear entries of loans to banks and com mercial houses in Indiana Territory and Texas."


Article from Bryan Morning Eagle, September 7, 1905

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DOORS CLOSED. Fort Worth Bank of Contrierce Transacts No Business. Fort Worth, Sept. 6.-Bank of Commerce, as result of complications with Imboden banks over the country, did not open Wednesday. Teller Wall says immediate cause was suspension of Denver Savings bank.


Article from The Glenwood Post, September 9, 1905

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Great crowds of excursionists are visiting Cripple Creek. September 13th will be Denver Day at the State Fair at Pueblo. church The new Christian Science Florence has been completed. wells at of land by artesian in Frepromises Irrigation to prove successful mont county. Denver business men A special train to the will State carry Fair at Pueblo, September 13th. men enlisted in the station United Twenty at the recruiting August. in States Pueblo army during the month of an McDonald has offices made may Governor that the state house durorder be closed at noon every Saturday ing the year. McClurg has been employed to give Gilbert business men at the by twenty Denver lectures on Colorado Portland exposition. Judge Lindsey of that the Denver the ordinance County Court has decided brickyards inside the city limits prohibiting of Denver is unconstitutional. chilPrizes have been awarded to for schools and organizations raising flowdren, competition in summer. successful and vegetables the past Nebraska, ers John Walker-of Columbus, of age, reis seventy-nine years Manitou Springs who walked from and back. to cently the summit of Pike's Peak in the blew open the safe county Burglars at Falcon in El 29th Paso and sepostoffice night of August and money. on the about $300 in stamps Comcuerd Convention Amusement Denver to The has been organized in exhibitions give pany during entertainments the conventions and held in the who city. Inspector Smith Riley, in charge has Forest been temporarily forest placed reserve in ColGlenwood Springs. of orado, the Holy has established Cross headquarters at has retired Mrs. Emma Herey-Meyer superintend the office of county Judge Palmer ent from having of schools decided in that Denver, Miss Lillian Field is the lawful incumbent. F. F. Foote, a A. Paso R. veteran county, Major resident of El Colorade and pioneer an elevator shaft at suffered a fell down on the 2d inst. and fracture Springs of the left thigh. recourt has authorized Savings the ceiver The of the defunct first dividend Denver to deposi- bank bank to pay a that the tors. nearly or quite at Greewill pay It is now hoped parade in full. The harvest festival twenty-four and long ley on the 30th consisted ult. was of decorated and bicycles floats. blocks automobiles, The festival carriages. drew an immense a few crowd. A party of hunters the game from Iowa warden at I days ago $125 paid for hunting licenses. They from Denver to enter the mountains thirty days' hunt. proposed Buford, Routt county, for a of Carstens Longmont, Miss Ruby L. the University of Colo ap. a graduate of has received the an derado last June, fellowship in State partment pointment of of mathematics a in the of on Chieftan University. Lightning struck the engine the morning room of the Pueblo inst. and filled the smoke composing from the 1st rooms with soon and burning editorial fuses, but the blaze was extinguished. & Rio Grande railroad 63x297 The Denver a new machine shop. Denver, towill build size, at its shops addition in to the $80,000. feet blacksmith gether in with shop. a large The whole is to cost about committee of the has Boul deThe Commercial general Association to cided der to make a safer of the passageway scenic attractions Boulder falls, in the one foothills above the city up Boulder canon. has anthe Attorney General opinion to Miller the effect prop- that under nounced exemption an of $200 of personal the law erty passed from last taxation winter does not apply to non-residents. 31st ult., Mrs Haver, At Pueblo, on the wife of E. B. Maud Finch estate dealer, drowned BesHaver, & real son in the to ditch. herself and five-year-old The act is attributed ill semer health and the despondency. threatened epidemic State Owing to fever at Leadville, the the local of Board scarlet of Health has notified must be thorauthorities that the Otherwise city the State hand. oughly Board will take cleaned. the an matter examination in the for There will be and typewriters October in stenographers at Denver federal building stenographers 10th. For departmental range from $700 to service $1,200 year, $1,200 to a the salaries but from for the Philippine $1,600. of the they run seventh annual reunion at Beecher Issurvivors The of the fight will be held Septem- occaland, near Wray, 18th. It will be the monuber 16th the to erection of a $5,000 appropriated sion of for by money Colorado and ment, by the paid Legislatures of Kansas. officials in charge Mexico, of the from fair The at Aztec, New have arranged one Rio to September be held 19th to day 21st, to be known as Grande Eagles' to set aside Day. The Denver train & over its new will run a special and Durango Elks fair on will leave Farmington in branch a body to attend the Francis that contract day. has been Springs let to for the Pastorus A of Colorado of an irrigation near storage Dureservoir construction on Florida irrigate mesa, 4,000 acres of land in the C. Had rango, designed to M. Williams estate.


Article from The Lamar Register, September 27, 1905

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It looks as if the depositors in the late Denver Savings bank will keep the affairs of the institution in the courts long enough for the various receivers they have had appointed to eat up all the funds.


Article from The Diamond Drill, October 21, 1905

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# WORLD'S NEWS -TOLD IN- # PARAGRAPHIS Prince hall, a Masonic home built at Rock Island, Ill., for widows and orphans of colored Masons, was dedicated Tuesday. F. B. Gray, cashier of the Commercial National bank of Houston, Texas, shot himself, dying almost instantly. He ranked Ligh in Texas banking circles. Luther Billings, a negro, was hanged by a mob at Brunswick, Tenn. He had attempted to assault a white woman. Billings was forcibly taken from the officers. The twenty-second great sun session of the great council of Iowa Improved Order of Red Men is meeting at Marshalltown, Iowa. The second annual joint conference of the embalmers' examining boards and the representatives of state boards of health closed a session at Niagara Falls. The association will meet in Chicago next year. A delegation of business men of St. Paul was entertained by the Commercial club of Omaha. Following a breakfast the delegation was taken to the Auditorium, where they gained ideas for a similar building in St. Paul. Attorney Fitts of Vermont entered a motion in the supreme court of the United States for the advancement on the docket of the case of Mrs. Mary M. Rogers, under conviction by the Vermont courts on the charge of killing her husband at Bennington in 1902, and sentenced to be hanged by the state courts. Gebbard Wilrich of Wisconsin has been appointed American consul at St. John, N. B. Judge W. J. Calhoun of Illinois, special commissioner to Venezuela, discussed Venezuelan affairs with the President and Secretary Root at the Wnite House. The judge will go to Chicago to prepare a report of his investigations. The thirty-first convention of the Mississippi Valley Medical association opened at Indianapolis. Dr. Bronsford Lewis of St. Louis is president. The convention will be addressed by Dr. Arthur R. Edwards of Chicago and Dr. W. D. Haggard of Nashville, Tenn. John Hill, an aged white man, was hanged at Covington, Tenn., for wife murder. Vice President Frank P. Jones of the failed Denver Savings bank has turned state's evidence against former President C. W. Wifley and accused him of embezzling between $73,000 and $100,000. A gift of $50,000 for the Creek Seminole Industrial college at Boley, 1. T., was asked of John D. Rockefeller at Cleveland by J. C. Leftwich, a negro, president of the college. Mr. Rockefeller said he would consider the matter. An order was issued at the war department relieving Major General Weston from the office of commissary general. It is expected that he will be ordered to command the northern division, with headquarters at St. Louis. The dead body of an unknown infant was found on Edwards creek, between Kewanee and Cambridge, III. Philip Koltinsky, aged 47, a business man, was killed and his wife severely injured in a runaway at Vincennes, Ind. August Moritz, a fruit dealer and restaurateur, despondent over ill health, shot himself in the head in Swiney park, Fort Wayne, Ind. In an explosion in a coal mine near Gratiot, O., Charles Smith was killed. Lyman Chapin fatally injured and Fred Headley badly hurt. Ruth, the 3-year-old daughter of Jacob Hesh, walked backward into a bucket of scalding water and received injuries from which she died at Macomb, 111. N. G. Little, a telephone lineman, fell forty feet at Terre Haute, Ind., after touching a live wire, the third death from the same cause in the same gang in three days. Charles Ashmore at Mansfield, III., committed suicide by driving a large butcher knife through his brain from temple to temple. He was insane over loss of property by fire. Brigadier General Constant Williams, commanding the department of Columbia, in his annual report, declared that the W. C. T. U. and the saloon interests are working hand in hand against the best interests of the soldier in their opposition to the army canteen Judge W. J. Calhoun, who went to Venezuela several months ago as a special commissioner representing the United States government, returned to New York. The civil service commission at Washington is preparing a circular letter warning government employes against making campaign contributions as in violation of law. Carl Evans and Charles Fall were seriously injured in a fiercely contested football game at Michigan City, Ind. After making a spectacular run of fifty yards in a game of football at


Article from The Star, October 25, 1905

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# TEN BANKERS INDICTED Charged With Conspiracy to Steal from Denver Bank. Leonard. Imboden, James A. Hill, C. B. Wifley, E. E. Hull, H. L. Hull, C. C. Robert, W. T. Camp, D. M. Car- ey, A. B. Davis and J. H. Edmond- son were indicted by the Grand Jury on the charge of conspiring to steal $1,712,587 from the Denver, (Col.) Savings bank. Wilfley and Edmond- son were formerly presidents of the bank, and Hill was president of the bank when a receiver was appointed. H. L. Hull is president of the Mount Vernon National bank of Boston. Roberts and Carey are officers of the Cherokee State bank, of Enid, Okla. In addition to the general con- spiracy indictments were found against Edmondson. He is charged specifically with the robbery of $105,- 000. Four indictments were returned against Wilfley charging him with lending certain funds belonging to the bank and securing heavy com- mission for his own use. One in- dictment was returned against Hill charging him with the embezzlement of $10,000. Warrants were immedi- ately issued for the arrest of the men.


Article from Durango Semi-Weekly Herald, January 28, 1907

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sor Thomas' statement that "women and the black race are mentally unfit to enter the "white man's world" is true. The wheat market during the last week shows a disposition to respond to a slight improvement in demand. Unsettled weather advances price of corn. Professor Shaller Matthews of the University of Chicago says clergymen cannot marry people who have been divorced and remain consistent with their faith in the teachings of Christ. Menace is seen in the remarkable labor bill about to pass the British parliament, legalizing strikes, boycotts and picketing and having other extremely radical provisions, writee William E. Curtia. Ever since Imboden and Hill the two men who were connected with the Denver Savings bank, have been in the penitentiary, there has been a sentiment to the effect that they were unjustly convicted and that the bank was solvent when It falled and that it was forced to the wall, not because it was Insolvent, but because some of the other banking institutions of Denver wanted to put It out of business and refused to honor Its papers. As a result of this, and as a result of the claim that the receiver of the bank could have raised aufficient money to pay out dollar for dollar, had not so much been expended in receivership fees, a petition is being circulated and will be presented to the governor, asking that the two men be pardoned. The investigation that is now going on by the legislature will perhaps detetrmine when the petition is to be presented. if at all.


Article from CaΓ±on City Record, January 31, 1907

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might be looted and milked to a fare you well. That's what happened to the Denver Savings bank, and the fact that it cost $173,000 and over to run the receivership shows that they milked it prety well. "Taking what has been paid to depositors, add to it the $173,000 drawn out by the receivers, add to that the value of the assets yet unsold and the bank would have paid dollar for dollar and had something left, and when you remember that I was not consulted as to the disposition of the collateral of the bank and that much of it was sold away below its value you can see whether or not the conspiracy worked. Someone had to go to the penitentiary and we went, but it will come out all right in the ned. "But I can see," continued the prisoner, "that sentiment is changing. When we were convicted the sentiment against us was something terrific. It was almost appalling. The


Article from Durango Semi-Weekly Herald, July 11, 1907

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TELEGRAPH NEWS New York, July 10.-The government filed today in United States circult court in this city a petition against the American Tobacco company, Imperial Tobacco company the British Tobacco company, American Snuff company, American Cigar company, United Cigar Stores company, American Stogie company, MacAndrews and Forbes company, Conley Fail company and fifty-six other corporations and twenty-nine individuals connected with the above named companies. These corporations and individuals constitute what is generally known as the tobacCO trust, and the information directed against them sets forth the purpose of the government to dissolve this trust by breaking up the agreements under which the consolidated concerns ate working. Denver, Colo... July -Judge Riddle will on July 29 decide the matter of the proposed reopening of the receivership of the Denver Savings bank. The former receiver, Guy Leroy Stevick, demurred to the petition asking for reopening and upon this demurrer the arguments are based. The claim of the depositors is that Stevick received about $24,000 more in fees than he should have had. Golden, Colo., July 10.-A Wall of water that swept everything in its path came down Clear Creek valley last night and caused incalculable damage to the railroad, ranches and farms along the stream. A cloudburst in the mountains near Black Hawk was the beginning of the flood and as the torrent hurled down the valley it was augmented at Roscoe by another flood pouring out of the gulch at the head of the old placer works. Today the receding waters leave enormous wreck and ruin. Seventeen miles of track were washed away. Omaha, Neb., July 10.-Assistant General Passenger Agent Buckingham of the Burlington railroal today announced that within ten days the Burlington would put in operation a 2 cent fare schedule between all points on that system regardless of whether different states have passed a 2 cent fare bill. The Burlington traverses Wyoming, Montana, Colorado, Nebraska, Kansas, Missouri, Iowa, Illinois, Wisconsin, Minnesota and South Da kota. The action of the Burlington will undoubtedly cause other roads in the same territory to follow It. Washington, July 10.-President t Roosevelt has now the substance of the report of the interstate commerce 8 commission on the Hariman case and I Special Attorney Kellogg is at Oyster e Bay endeavoring to persuade the prese ident that the case against Harriman L should be prosecuted. Kellogg, with to some members of the interstate comn merce commission, believes successful II prosecution can be brought against C. Harriman but President Roosevelt is e convinced that the government cannot win its case. 3. Pittsburg, Pa., July 10.-Flames are t sweeping the residence district of Al1. legheny. Ten houses have already y been destroyed and the big wire plant e has also been destroyed. The flames it are shooting 260 feet in the air and d huge embers are being scattered in 1. every direction. A general alarm has 1. been sounded and Pittsburg is sending assistance.


Article from The Colorado Statesman, March 14, 1908

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Bankers Appeal for Pardon. Denver.-The hearing before the State Board of Pardons Tuesday afternoon upon the application for a pardon on behalf of Leonard B. Imboden and James A. Hill, convicted in connection with the failure of the Denver Savings bank and sentenced to the penitentiary some two years ago, was held Tuesday. The case on behalf of Messrs Imboden and Hill was opened by Attorney Hersey, who presented a lengthy brief and a large bundle of documents on behalf of his clients. Among the latter was a letter under date of Nov. 2 last from Judge Peter L. Palmer, who presided at the trial of Messrs. Imboden and Hill, in which he stated that, in view of subsequent developments which appeared to show that the bank was solvent at the time it was placed in the hands of a receiver, he was of the opinion that the ends of justice had been served by the two years' imprisonment which the petitioners had endured, and that they had been adequately punished for any crime which they may have committed. Four members of the jury that convicted the bankers joined in a recommendation for clemency. Three hundred of the depositors in the defunct bank have signed a petition asking for mercy for the two bankers. These were supplemented by a joint letter from Sheriff J. B. Farr of Huerfano county, Charles Hayden, deputy district attorney for the Twelfth Judicial district; Henry Blicthalen, county judge; W. H. Freeland, deputy clerk of the District Court, and several olis. ers connected with the courts at Walsenburg. In opposition to these Attorney Karl C. Schuyler, who represented Receiver Guy Le Roy Stevick before the legislative committee, wanted to know what had become of the money Imboden and Hill secured from the bank. "And where is the money?" asked Schuyler. "Have they given the slightest explanation what became of the money? If Imboden and Hill will explain the whereabouts of $455,000 and produce the cash, the corporation which has bought the assets-and I speak with authority-will step aside and the money can be used to reimburse depositors. Eight thousand men, women and children are interested in this matter, and I know that the board will give it a fair and impartial consideration." Attorney Hersey closed the argument for the petitioners and the board went into private session, it being announced that a decision would not be reached for some time-probably several days.


Article from CaΓ±on City Record, February 10, 1910

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PARDONS MAY BE SECURED FOR IMBODEN AND HILL Denver, Feb. 7.-Within the next few days another effort will be made by friends of Imboden and Hill to have the state board of pardons, which will meet to consider the plea of the Denver bank wreckers for an unconditional pardon or to shorten their terms of imprisonment at Canon City Just what the result will be is, of course, not known at this time, as the members of the board of pardons have given no intimation of what their action will be. During the past few months, however, some of the most powerful influences in Colorado have been at work on the case in the interest of the men who, it is alleged, wrecked not only one of Denver's large banks, but were also instrumental in wrecking banks in Oklahoma and elsewhere. Imboden and Hill are now at Canon City serving long sentences for the alleged looting of the Denver Savings bank. They have not thrived much since being under the watchful care of Warden Tynan, yet they say they cannot complain of their treatment The cases of Imboden and Hill will occupy the attention of the pardon board for the first hour of its sitting next Friday afternoon. Attorney Hersey for Mr. Imboden has promised that he will not occupy more than one hour and it is expected that he will state the cases of the bank defaulters in such a way that the case can be ended at that session. Mr. Hersey will no doubt go into the matter of the receivership and will tell some of the things that occurred as noticed from the view point of the owners of the bank.