11237. Aetna bank (Butte, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 20, 1906
Location
Butte, Montana (46.004, -112.535)

Metadata

Model
gpt-5-mini
Short Digest
bf33811a

Response Measures

None

Description

Multiple articles (late Nov–Dec 1906) describe the Aetna Bank of Butte as 'wrecked'/'defunct' with Receiver Wilson in charge and Augustus (F.) Heinze sending $100,000 to relieve depositors. No articles describe a depositor run; a receiver is already in charge by Nov 20, 1906, indicating suspension and permanent closure/receivership.

Events (3)
1. November 20, 1906 Receivership
Newspaper Excerpt
Receiver Wilson of the wrecked Aetna bank announced ... he had received a check from Augustus Heinze for $100,000. Mr. Heinze was formerly president of the bank, but withdrew in 1903.
Source
newspapers
2. November 20, 1906 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank described as 'wrecked' or 'defunct' and a receiver (Wilson) is in charge, indicating insolvency/failure rather than a temporary suspension.
Newspaper Excerpt
Receiver Wilson, in charge of the affairs of the Aetna bank, states that F. Augustus Heinze has given him a check for $100,000 ... the recent failure of the Institution.
Source
newspapers
3. December 1, 1906 Other
Newspaper Excerpt
Heinze contributes $100,000 toward the bank's assets ... to relieve the distress of depositors who suffered in the recent failure.
Source
newspapers

Newspaper Articles (10)
1. November 30, 1906 The Seattle Star Seattle, WA
Article from The Seattle Star, November 30, 1906

Click image to open full size in new tab

Article Text

HEINZE SAVES DEPOSITORS (Scripps Telegraph Service.) BUTTE, Mont., Nov. 20.-Receiver Wilson, in charge of the affairs of the Aetna bank, states that F. Augustus Heinze has given him a check for $100,000 with which to rellevé the distress of depositors who suffered through the recent failure of the Institution. The amount is equal to the entire capitalization of the bank. Many of the depositors believe that Heinze is connected with the bank, but Receiver Wilson an nounced that Heinze had severed his connection with the bank in a formal letter. The magnanimous action of Heinze is highly commended by Receiver Wilson.

2. November 30, 1906 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, November 30, 1906

Click image to open full size in new tab

Article Text

FOR DEPOSITORS RELIEF. Contribution of $100,000 for Bank's Entire Capitalization. Butte, Nov. 30.- Receiver Wilson of the Aetna bank announced this afternoon that F. August Heinze, before leaving for the east. had given him a check for $100,000. the amount of the bank's entire capitalization to relieve the distress of depositors who suffered in the recent failure, many of them believing Heinze connected with the bank. Heinze severed his associations with the Aetna three years ago.

3. December 1, 1906 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, December 1, 1906

Click image to open full size in new tab

Article Text

Heinze Contributes $100,000. Butte, Mont., Dec. 1.-Receiver Wilson of the wrecked Aetna bank of Butte, today announced that he had received a check from 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 have lost their money, Mr. Heinze says in his letter to Mr. Wilson that he contributes $100,000 toward the bank's assets, and forwerds his check for that amount.

4. December 1, 1906 The Minneapolis Journal Minneapolis, MN
Article from The Minneapolis Journal, December 1, 1906

Click image to open full size in new tab

Article Text

HEINZE HELPS BANK Gives $100,000 to the Defunct Aetna of Which He Was Once President. Butte, Mont., Dec. 1.-Receiver Wilson of the wrecked Aetna bank of Butte 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, altho it was widely advertised at the time, and that thru 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 his check for that amount. The contribution should increase the bank's assets 30 per cent.

5. December 1, 1906 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, December 1, 1906

Click image to open full size in new tab

Article Text

Secretary. HEINZE GIVES $100,000. Depositors of Wrecked Bank In Butte Are Relieved. BUTTE, Mont., Dec. 1.-Receiver Wilson of the Aetna bank announced this afternoon that F. August Heinze before leaving for the east had given a check for $100,000 the amount of the bank's entire captalization, to relieve the distress of depositors who suffered in the recent failure. Many of them believe that Heinze was connected with the bank, although he severed his associations with it three years ago. The receiver in the letter commends the acton of Heinze.

6. December 1, 1906 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, December 1, 1906

Click image to open full size in new tab

Article Text

AIDS HEINZE DEPOSITORS Miner Sends Check for Hundred Thousand Dollars to Trust Company Receiver. BUTTE, Ment., Nov. 30.-Receiver Wilson of the wrecked Aetna bank, announced today that he had received a check from 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, 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.

7. December 6, 1906 The Independent Lincoln, NE
Article from The Independent, December 6, 1906

Click image to open full size in new tab

Article Text

HEINZE HELPS WRECKED BANK Sends Check for $100,000 to Reimburse Depositors Butte, Mont.-Receiver Wilson of the Aetna bank of Butte announced that he had receive a check for $100,000 from Augustus Heinze, formerly president of the bank. Heinze believed that many depositors had not known of his withdrawal, so he made the contribution. It should increase the bank's assets 30 per cent. (Plat)

8. December 7, 1906 The Lee County Journal Leesburg, GA
Article from The Lee County Journal, December 7, 1906

Click image to open full size in new tab

Article Text

DEPOSITORS PROTECTED BY BE going Those Who Had Faith ed bursed to:Extedt Receiver Wilson, of the Aetna bank, of Butte, Ment reported Friday that he had received a check from F Au zustus Heinze for $100,000, Mr. Heinze formerly was president of the bank, but withdrew in 1903. Belleying, 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. WIIson that the: contributes $100,000 to wards the bank's assets. The contribution increases the bank's assets so per cent.

9. December 24, 1906 The Evening Statesman Walla Walla, WA
Article from The Evening Statesman, December 24, 1906

Click image to open full size in new tab

Article Text

Grace Wilson committed suicide at Wardner, Idaho, Thursday evening by swallowing a dose of carbolic acid. She is supposed to have committed the deed in a fit of despondency. Henry Hose was executed at the Oregon state prison at Salem, Friday, for the murder of Madge Doyle in Portland some time ago. Hose cut the woman's throat from ear to ear. George Aschenbrenner, who was convicted at Colfax of a statutory offense against a young girl, and who appealed to the supreme court, has lost his appeal and must serve the sentence. The receiver of the defunct Aetna bank at Butte, Mont., has recommended to the comptroller of the currency the payment of a 20-cent dividend to the creditors of the bank on the first of February. While at work in the Bunker Hill Sullivan mine at Wardner, Idaho, Friday, A. L. Flock was struck by a timber and received serious injuries. His leg was broken and he was badly bruised in many places. Miss Merth Clark, a former resident of Vancouver, Wash., has been arrested at North Platte, Neb., on the charge of shooting and killing John Leonard, also a resident of Vancouver. The couple were supposed to be lovers. An effort is being made to secure the pardon of Herbert H. Matteson of Great Falls, Mont., who seven years ago pleaded guilty to the charge of mbezzling $200,000 from the First National bank of Great Falls, and was sentenced to ten years in prison. Shortly after the gasoline launch Traveller, with four persons on board, left the dock at Olympia, Friday evening, a tank of gasoline exploded, scattering the burning fluid all over the boat. Chas. Cheadle, the engineer, jumped into the Sound and was drowned. The others threw overboard some planks and then jumped and supported themselves until rescued.

10. December 27, 1906 The Lehi Banner Lehi, UT
Article from The Lehi Banner, December 27, 1906

Click image to open full size in new tab

Article Text

or worked stomach can't use a crutch bu the stomach must have rest just the same. It can be rested too without starvation. Kodol will do it. Kodol performs the digestive work of the tired stomach and corrects the digestive apparatus. Kodol fully conforms to the provisions of the National Pur Food and Drug Laws. Recommended and sold by People's Co-op Institution. Bert Mcintyre, a miner, aged 20 died on the 22nd of injuries received at the hands of Frank Cruz, of Butte, in a saloon row. Cruz has been arrested on a charge of murder. McIntyre's mother, Mrs. Dick, lives in Wyoming. Heavy rains and chinook winds have caused another flood in the mountain streams near Tacoma Wash The Green river is raging and has carried out the Northern Pacific bridge at Maywood about two miles from Green River Hot Springs. George R. McClellan, who was recently elected to the Wyoming legislature, is known as "Bear George," he having earned that title many years ago, when, in company with another man, he succeeded In killing twenty-three bears in six weeks. Two men giving the names of Thomas Blair and Frank Havlin were arrested on a Spokane & Inland train near Waverly, Wash., and landed in the county jail. They had been shadowed for several days on suspicion of being safe blowers. ReceiveryTheodore G. Risley, for the defunct Aetna bank at Butte, has rec. ommended to the comptroller of the currency, a payment of the first dividend of 20 per cent on the 1st of February There is little doubt that the recommendation will be approved.