11238. Aetna bank (Butte, MT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 1, 1906*
Location
Butte, Montana (46.004, -112.535)

Metadata

Model
gpt-5-mini
Short Digest
90941838

Response Measures

None

Description

The Aetna bank is repeatedly described as 'defunct' and 'failed in October, 1906.' Articles report a receiver in charge and suits by the receiver, plus criminal charges against the cashier and alleged large shortages. No articles describe a depositor run or reopening; the bank remained closed and in receivership. Bank type not specified in articles.

Events (3)

1. October 1, 1906* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failure/insolvency in October 1906; alleged large shortage and wrongdoing (looting/false statements) by cashier and unpaid stock by director Heinze.
Newspaper Excerpt
the Aetna bank, which failed in October, 1906
Source
newspapers
2. February 4, 1908 Receivership
Newspaper Excerpt
Robert M. Lyons, receiver in charge of the Aetna bank, who failed in October, 1906, is directed to bring suit against F. Augustus Heinze ... for $97,500, due when the bank failed in 1906.
Source
newspapers
3. July 29, 1908 Other
Newspaper Excerpt
A. B. Clements, former cashier of the defunct Aetna bank, ... is being sought by the sheriff. ... his sureties withdrew. ... suit was filed against him ... to hold him responsible for about $400,000, the amount the depositors are said to have been defrauded of by the wrecking of the bank.
Source
newspapers

Newspaper Articles (10)

Article from The Idaho Recorder, January 2, 1908

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NORTHWEST NOTES After being closed for coinage purposes for more than twelve years, the United States mint at Carson City, Nevada, may be reopened within the next few months. Negotistions between the labor unions of Butte and the Rocky Mountain Bell Telephone company are apparently off, the situation indicating a to struggle # faish. The break in the transmission wires of the Nevada Power company, which threw Goldfield into darkness, and which was charged to the striking permo SEA Mou = miliers, by a snowslide. General Funston has ordered a general courtmartial to convene at Goldfield. This order would indicate, say army men. that the troops now on duty at that place would be held there for come of emm euros Judge Bourquin of the state district court at Butte instructed the jury to acquit A. B. Clements, cashier of the failed Aetna bank, on a felony charge growing out of the alleged receipt of deposits when he knew the bank was insolvent. A dispatch from Denver says that James R. Barber and Summer G. Moon. the millionaire lumbermen of Eau Claire, Wis., indicted with Senator Borah for alleged conspiracy in 01 taken eq ABUI for trial. Colonel William Crooks, assistant to the general manager of the Harriman lines in the Pacific northwest, died in Portland on the 17th of complications growing out of a cold contracted about six weeks ago. He was "PIO Years 92 The supreme court of Montana has granted a writ of habeas corpus in the case of G. S. E. Wisner, an Anaconda bank employee, who had been convicted on the charge of receiving deposits when he knew his principal to be insolvent. The Smelter City bank of Durango, Colo., a state institution, capital $30,000, has closed its doors. Lack of confidence, due, it is said, to the indictments of prominent citizens on the charges of land frauds under the federal laws, led to the suspension. 'a T pus clerk chile Datisa, O o McLeod, at the head of the survey department in the office of United States surveyor general in Helena, have been arrested. The indictment alleges forgery and conspiracy to defraud the government of the United States. The state board of pardons of Montana has approved the action of Gov. or perdon E up Toolele Jou.19 Elizabeth Morrison, a Butte woman, -UBUI 8 uo contriction uodn 'OUM slaughter charge for the killing of Richard Finnegan, had been sentenced to the penitentiary for three years. The Hamilton Powder company's works blew up Sunday morning at Departure Bay, B. C. The loss is $40,000. No one was killed or injured. In Van. couver, thirty-five miles away, houses were shaken so badly that it was believed an earthquake had occurred and many persons rushed to the street in alarm. Pelia DI Ria was arrested at Seattle, together with two discharged employees of the Seattle Electric E THE charged 'Xueduoo to take the life of Tony Restove, fore man of construction work for the Sesip oqa 'Aueduros eme charged the men for incompetency from the construction gang. In an address issued by the exec I utive committee of the Western Fed eration of Miners, labor union men e are urged to rally to the defense of e officers and members of the federation q charged with the murder of former Governor Steunenberg of Idaho, and other crimes, and of the Goldfield miners who are on strike. d Michael C. Carroll, a pioneer guide, I died at his home in Laramie, Wyo., last week. He selected the site for Fort Sanders, three miles south of Laramie, in 1866, when the Union Pa. cific railroad was being built. and acted as mediator with the Indians, going unarmed to meet Chief Friday, . pus a em uo SUM oqn 3 ing a slaughter of whites. In an opinion rendered last week, # Attorney General Albert J. Galen . ruled that Christmas songs cannot be 1 barred from the public schools of Montana on the ground that "such use constitutes denominational or sectarian teachings." The decision was made at the request of the state su 2 perintendent of public instruction. James R. Kirwan, who had been # acting secretary-treasurer of the Western Federation of Miners, tendered his P resignation last week, on account of III health. and Ernest Mills, a member of the executive board from British Columbia, assumed the duties of that office. Martin O'Brien, a prominent lawyer of Rawhide, Nevada, while under the # influence of liquor, shot and killed 20 Bessie Gardiner, a woman of the half 8 pepunom pus mord O'Brien had become infatuated with em SEM supply am pus "ившом em jo Then


Article from The Seattle Star, February 4, 1908

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BRIEFS BY WIRE The "Black Hand" society is at work in Chicago issuing threats to Italian merchants that unless money is paid them death will be the penalty. The receiver of the Aetna bank, at Butte, has been instructed to bring suit against F. Augustus Heinze for $97,500. due when the bank failed In 1906. The injunetion asked for by the Alaska Pacific Railroad & Terminal company, of Catalla, against the Copper Northwestern railway, the dispute being over the right-ofway, has been denied by the United States circuit court, at San Francisco. When the coal on the battleship Ohio was being discharged from the colller at Port of Spain, a stick of dynamite was found. The report has just been made public. Col. B. F. Shaw, commander of the Washington volunteers during the Indian wars of 1855-56, and a pioneer of Washington, is dead at Portland. Two small boys near Vancouver, B. C., were nearly killed the other day when a black bear attacked them in the woods. The coasting steamer Saint Cuthbert burned to the water's edge in a blizzard late yesterday near Halifax. Sixteen of the créw were drowned by the capsizing of a life boat, and the captain and 32 other members of the crew were rescued by the steamer Cumeric. It is rumored that the Thaw famIly will force an annulment of the marriage of Harry Thaw with Evelyn, on the ground of insanity. following the verdict returned Saturday. Thaw will fight this proposttion, as he is now more in love with his wife than ever. If annulment is granted Evelyn will be left penniless.


Article from Abilene Weekly Reflector, February 6, 1908

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Bring Suit Against Heinze. Butte, Mont., Feb. 4.-By an order signed by Judge Lynch, of the state district court this morning, Robert M. Lyons, receiver in charge of the Aetna bank, who failed in October, 1906, is directed to bring suit against F. Augustus Heinze, former director and A. B. Clements, former treasurer, for $97,500, the amount of cash due for stock held by Heinze in the bank and which, It has developed, Heinze never paid for.


Article from The Idaho Recorder, February 20, 1908

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NORTHWEST NOTES Earle Ryan, aged 22 years, killed his young wife, of whom he was insanely jealous, at their home in Colorado City, by shooting her in the head, and then blew out his own brains. Governor Toole of Montana has tendered his resignation to take effect April 1. He will be succeeded by Lieu. tenant Governor Edwin Norris. The governor's health has been bad for . some time. Refusal of eastern railroads to make a special rate to Denver next November may cause that city to lose the annual convention of the American Federation of Labor, scheduled to take place at that time. President Roosevelt last week sent to the house of representatives the re port of the special commission of in. vestigation into the Goldfield labor troubles, in reply to a recent resolution requiring him to do SO. Governor Sparks has received a message from President Roosevelt an. nouncing that Federal troops would be withdrawn from Goldfield, March 7. It is expected that the state police force will be organized by that date. The state of Wyoming paid into the forest fund in the last fiscal year $162,919, divided into the following items: Timber sales, $91,430; grazing fees, $69,615; supplementary timber sales, $1,511; special privileges, $362. Wolfe Copinus, one of the first men to engage in business in Anaconda, and a pioneer merchant of Montana, died at Rochester, Minn., on February 6, as a result of an operation performed in the hospital there. Copinus opened the first store in Anaconda. Col. B. F. Shaw, commander of Washington volunteers during the Indian wars of 1855-56, pioneer of Washington territory, died suddenly at his home in Portland from a bursted blood vessel, following a violent attack of coughing. He was 7 years old. W. N. Cooley of Kallspell, Mont., a senior student in the engineering department of Stanford university, was shot and killed at 1 o'clock in the morning by W. Uhlman, engineer at the University power house. Cooley had been to Menlo Park and when he returned he got into Uhlman's house by mistake. Jacob Hilt, who was arrested some time ago on a minor charge and whose case was dismissed, has confessed to the police of Portland that while he was in jail his cellmate, Joseph Anderson, confessed to him that he had killed Harry Logan, who was shot to death on the Fourth street bridge ser eral months ago. Henry J. Gruber, on trial at Boulder, Mont., for the hold-up of a Northern Pacific train near Butte last May, and the murder of Engineer Clow, has submitted a written confession, implicat. ing George Haskins, still to be tried, and George Towers, last week sentenced to ninety-nine years in the penitentiary for the crime. A publicity bureau has been created in Denver by the executive committee of the Denver convention league, which is acting in connection with the committee on arrangements for the Democratic national convention. The purpose of the bureau is to send out news and feature stories about Denver and Colorado from now until the convention is over. An eloquent address was delivered in the senate by Senator Pyles of Washington, in favor of an appropriation by congress of $700,000 for a government exhibit at the Alaska-YukonPacific exposition to be held in Seattle next year. Mr. Pyles pictured in vivid language the settlement of the great northwest in the face of predictions made by distinguished statesmen adverse to the practical utility of that region. By an order signed by Judge Lynch of the State District court at Butte, Robert M. Lyons, receiver in charge of the Aetna bank, which failed in October, 1906, is directed to bring suit against F. Augustus Heinze, former director, and A. B. Clements, former treasurer, for $97,500, the amount of cash due for stock held by Heinze in the bank and which, It has developed Heinze never paid for. A special from Lewistown, Mont. says John Walsh, aged 14, accidentally shot his 12-year-old brother while playing soldier on a ranch twenty miles from town. The younger boy died instantly. The two were alone on the ranch when the accident OCcurred. James Cavin Towers hd


Article from The Spokane Press, July 29, 1908

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BUTTE CASHIER GONE BUTTE, July 29.-Bondsmen have withdrawn from A. B. Clements' surety, but the sheriff was unable to locate the former cashier of the Aetna bank. Clements was held in the sum of $12,500 on two criminal charges resulting from the bank failure and is also named as defendant in a suit started by the receiver to recover $400,000, the amount of shortage alleged to be responsible for the crash.


Article from The Salt Lake Herald, July 30, 1908

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SEARCH FOR CLEMENTS. Former Cashier of Heinze Bank at Butte Is Missing. Butte, July 29.-A. B. Clements, former cashier of the defunct Aetna bank, a Heinze institution, is being sought by the sheriff. Mr. Clements is now out on bonds aggregating $12,500. and his sureties today withdrew and instructed Sheriff Henderson to arrest Clements as soon as possible. Besides the two felony charges on which he is out on bond, a new suit was filed against him late yesterday by Receiver Robert Lyons, in which it is sought to hold him responsible for about $400,000, the amount the depositors are said to have been defrauded out of by the wrecking. of the bank.


Article from Los Angeles Herald, July 30, 1908

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CASHIER OF HEINZE BANK IS MISSING Several Bondsmen, Responsible to Court for $12,500, Instruct Sheriff to Arrest W. B. Clements, if Located By Associated Press. BUTTE, July 29.-U. B. Clements, formerly cashier of the defunct Aetna bank, a Heinze institution, is being sought by the sheriff. Mr. Clements is now out on a bond aggregating $12,500, and his sureties today withdrew and instructed Sheriff Henderson to arrest Clements as soon as possible. Besides the two felony charges on which he is out on bond, a new suit was filed against him late yesterday by receiver Robert Lyons, in which it is sought to hold him responsible for about $400,000, the amount the depositors are said to have been defrauded of by the wrecking of the bank.


Article from The Billings Gazette, July 31, 1908

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CLEMENTS SOUGHT BY BUTTE POLICE FORMER CASHIER OF DEFUNCT HEINZE BANK WANTED. Butte, July 29.-A. B. Clements, former cashier of the defunct Aetna bank, a Heinze institution, is being sought by the sheriff. Mr. Clements is now out on bond aggregating $12,500 and his sureties today withdrew and instructed Sheriff Henderson to arrest Clements as soon as possible. Besides the two felony charges on which he is out on bail, a new suit was filed against him late yesterday by Receiver Robert Lyon in which it is sought to hold him responsible for about $400,000, the amount the depositors are said to have been defrauded of by the wrecking of the bank.


Article from The Birmingham Age-Herald, July 31, 1908

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Searching for Cashier. Butte, Mont., July 30.-A. B. Clements, former cashier of the defunct Aetna bank, a Heinze institution, is being sought by the sheriff. Mr. Clements is now out on a bond aggregating $12,500, and his sureties today withdrew. Besides the two felony charges on which he is out on bonds, a new suit was filed against him late yesterday afternoon by Receiver Robert Lyons, in which it is sought to hold him responsible for about $400,000, the amount the depositors are said to have been defrauded of by the wrecking of the bank.


Article from The River Press, August 5, 1908

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Bank Cashier Is Missing. BUTTE, July 28.-A. B. Clements, former cashier of the defunct Aetna bank, a Heinze institution, whose failure caused a loss to Butte people, is being sought by the sheriff, who wants him on a charge of looting the Aetna bank, and also for making an alleged false statement of the bank's condition. Although search has been made for the former cashier, the sheriff has been unable to locate him. Besides the two felony charges on which Mr. Clements is out on bonds, a new suit was filed against him late this afternoon by Receiver Robt. Lyons, in which it is sought to hold him responsible for about $400,000 the amount the depositors are alleged to have been defrauded of by the wrecking of the bank. The receiver also asks that Mr. Clements be imprisoned until the money found to be due is paid.