11227. Aetna Bank of Butte (Butte, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 30, 1906
Location
Butte, Montana (46.004, -112.535)

Metadata

Model
gpt-5-mini
Short Digest
ac3a3852

Response Measures

None

Description

Multiple contemporaneous articles (late Nov/early Dec 1906) describe the Aetna Bank of Butte as 'wrecked' and refer to Receiver Wilson and a donation to relieve depositors. There is no mention of a depositor run in these pieces — the bank has failed and a receiver is handling assets, so this is a suspension leading to permanent closure (receivership). Bank charter type not specified in the articles, so bank_type set to unknown.

Events (3)

1. November 30, 1906 Other
Newspaper Excerpt
Heinze ... gave him a check for $100,000, the amount of the bank's capitalization, to relieve depositors who suffered by the bank's recent failure.
Source
newspapers
2. November 30, 1906 Receivership
Newspaper Excerpt
Receiver Wilson of the Aetna Bank of Butte announced this afternoon that F. Augustus Heinze ... had given him a check for $100,000 to relieve depositors who suffered by the bank's recent failure.
Source
newspapers
3. November 30, 1906 Suspension
Cause Details
Articles state the bank is 'wrecked' or 'failed' and a receiver is in charge; no specific cause (embezzlement, correspondent failure, or panic) is given.
Newspaper Excerpt
Receiver Wilson of the wrecked Aetna Bank of Butte announced ... he had received a check from F. Augustus Heinze for $100,000
Source
newspapers

Newspaper Articles (10)

Article from The Sun, December 1, 1906

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Article Text

HEINZE GIVES BANK $100,000. Turns Over Check to Receiver of Concern He Was Once Connected With HELENA, Mon., Nov. 30.- Receiver Wilson of the Aetna Bank of Butte announced this afternoon that F. Augustus Heinze before leaving for the East had given him a check for $100,000, the amount of the bank's capitalization, to relieve depositors who suffered by the bank's recent failure. Many of the depositors believed Heinze was connected with the bank, though he severed his connection with the institution three years ago.


Article from The Washington Herald, December 1, 1906

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Article Text

HEINZE AIDS AETNA BANK. Gives Receiver Wilson $100,000 to Relieve Butte Depositors. Helena, Nov. 30.-Receiver Wilson, of the Aetna Bank of Butte, announced this afternoon that F. Augustus Heinze before leaving for the East had given him a check for $100,000, the amount of the bank's capitalization, to relieve depositors who suffered by the bank's recent failure. Many of the depositors believed Heinze was connected with the bank, though he severed his connection with the institution three years ago.


Article from The Daily Morning Journal and Courier, December 1, 1906

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Article Text

HEINZE DONATES $100,000. His Personal Check to Help Pay Depositors of Failed Bank. Butte, Mont., Nov. 30.-Receiver Wilson of the wrecked Aetna bank of Butte, to-day announced that he had received a check from Augustus Heinze for $100,000. Mr. Heinze formerly was president of the bank, but withdrew in 1903. Belleving, however, that many depositors had not known of his withdrawal, although it was widely advertised at the time, and that through confidence in his reputation many of his friends may have lost their money, Mr. Heinze says in his letter to Mr. Wilson, he contributes $100,000 towards the banks assets, and forwards, his check for that amount. The contribution should increase the bank's assets thirty per cent.


Article from Daily Kennebec Journal, December 1, 1906

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Article Text

CONDENSED DISPATCHES. Felice Bellone, a tailor, is in a hospital at New York from a wound self-inflicted after having, according to the police murdered his wife because the two had been disgraced. The body of the young wife, Catherin, was found in the home. The woman had been shot in the head and back. The husband was discovered Friday in the hallway of an office building where he had fallen after shooting himself through the head. The pollee quote him as having said that he had shot his wife and himself after reading letters from Italy in which the name of his wife was frequently mentioned to his mortification and shame. Receiver Wilson of the wrecked Aetna Bank of Butte, Mont., Friday announced that he had received a check from Augustus Heinze for $100,000. Mr. Heinze formerly was president of the bank but withdrew in 1903. Believing, however, that many depositors had not known of his withdrawal, although It was widely advertised as the time, and that through confidence in his deputation many of his friends may have lost their money, Mr. Heinze says in his letter to Mr. Wilson he contributes $100,000 toward the bank's assets and forwards his check for that amount. The contribution should increase the bank's assets 30 per cent.


Article from The Evening Times, December 1, 1906

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Article Text

PRESENTED $100,000 CHECK. --Augustus Heinz Helps Creditors of Defunct Butte Bank. Butte, Mont., Dec. 1.-Receiver Wilson of the wrecked Aetna Bank of Butte announces that he has received a check from Augustus Heinze for $100,000. Mr. Heinze formerly was president of the bank but withdrew in 1903. Believing, however, that many depositors had not known of his withdrawal, although it was widely advertised at the time, and that through confidence in his reputation many of his friends may have lost their money, Mr. Heinze says in his letter to Mr. Wilson he contributes $100,000 towards the bank's assets and forwards his check for that amount. The contribution should increase the bank's assets 30 per cent.


Article from The San Francisco Call, December 1, 1906

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Article Text

HEINZE HELPS OUT THE DEPOSITORS BUTTE. Mont., Nov. 30.-Receiver Wilson of the wrecked Aetna Bank of Butte today announced that he had received a check from F. Augustus Heinze for $100,000. Heinze was formerly president of the bank, but withdrew in 1903. Believing, however, that many depositors had not known of his withdrawal, although it was widely advertised at the time, and that through confidence in his reputation, many of his friends may have lost their money, Heinze says in his letter to Mr. Wilson that he contributes $100,000 toward the bank's assets and forwards his check for that amount. The contribution should increase the bank's assets 30 per cent.


Article from The Salt Lake Tribune, December 1, 1906

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Article Text

HEINZE GIVES $100,000 FOR WRECKED BANK Not Under Obligations to Protect Depositors, but Is Willing to Help. BUTTE. Mont., Nov. 30.-Receiver Wilson of the wrecked Aetna Bank of Butte today announced that he had received a check from F. Augustus Heinze for $100,000. Mr. Heinze was formerly president of the bank, but withdrew in 1903. Believing, however, that many depositors had not known of his withdrawal, although it was widely advertised at the time, and that through confidence in his reputation many of his friends may have lost their money, Mr. Heinze says in his letter to Mr. Wilson, that he contributes one hundred thousand dollars towards the bank's assets, and forwards his check for that amount. The contribution should increase the bank's assets thirty per cent.


Article from The Richmond Palladium, December 2, 1906

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Article Text

Heinze's Gift. Butte, Mont.. Dec. 1.-Receiver Wilson of the wrecked Aetna bank of Butte announced that he had received a check from Augustus Heinze for $100,000. Mr. Heinze formerly was president of the bank, but withdrew in 1903. Believing, however, that many depositors had not known of his withdrawal, although it was widely advertised at the time. and through confidence in his reputation many of his friends may have lost their money, Mr. Heinze says in his letter to Mr. Wilson he contributes $100,000 toward the bank's assets and forwards check for that amount. The contribution should increase the bank's assets 30 per cent.


Article from The Eureka Sentinel, December 8, 1906

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Article Text

HEINZE GIVES UP $100,000 To Help Pay Depositors Who Thought Him Still President Butte, Montana, Nov. 30.-Receiver Wilson of the wrecked Aetna Bank of Butte to-day announced that he had received a check from F. Augustus Heinze for $100,000. Mr. Heinze was formerly president of the bank, but withdrew in 1903. Believing, however, that many depositors had not known of his withdrawal, although it was widely advertised at the time, and that through confidence in his reputation many of his friends may have lost their money, Mr. Heinze says in his letter to Mr. Wilson that he contributes $100,000 towards the bank's assests, and forwards his check for that amount. The contribution should increase the bank's assets 30 per cent.


Article from Reporter and Farmer, December 13, 1906

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Article Text

HEINZE'S GENEROSITY. Donates $100,000 to Depositors of Do. funct Bank. Butte, Mont., Dec. 1.-Receiver Wilson of the wrecked Aetna bank of Butte has announced that he received a check from Augustus Heinze for $100,000. Mr. Heinze formerly was president of the bank, but withdrew in 1903. Believing, however, that many deposttors had not known of his withdrawal, although It was widely advertised at the time, and that through confidence in his reputation many of his friends may have lost their money, Mr. Heinze says in his letter to Mr. Wilson he contributes $100,000 towards the bank's assets and forwards his check for that amount. The contribution should increase the bank's assets 50 per cent.