1250. First National Bank (Del Norte, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4264
Charter Number
4264
Start Date
December 22, 1892
Location
Del Norte, Colorado (37.679, -106.353)

Metadata

Model
gpt-5-mini
Short Digest
cd2e9297

Response Measures

None

Receivership Details

Depositor recovery rate
23.1%
Date receivership started
1893-01-14
Date receivership terminated
1899-06-15
OCC cause of failure
Fraud
Share of assets assessed as good
38.2%
Share of assets assessed as doubtful
47.0%
Share of assets assessed as worthless
14.8%

Description

No newspaper article mentions a depositor run. The bank was declared insolvent (Dec 1892 report), a receiver (Emilie A. Abry) was appointed Jan 14, 1893, and assets were sold at public auction Oct 1894 — indicating suspension followed by permanent closure/receivership and asset liquidation.

Events (6)

1. March 18, 1890 Chartered
Source
historical_nic
2. December 22, 1892 Other
Newspaper Excerpt
From all indications, the failure of the First National Bank is complete and without hope of recovery. President Cochran says there is $132,000 in notes with which to pay $69,000 deposits, and insists that the depositors will lose nothing.
Source
newspapers
3. January 14, 1893 Receivership
Source
historical_nic
4. January 14, 1893 Receivership
Newspaper Excerpt
controller of the currency ... appointed ... Emilie A. Abry ... receiver of the First National Bank of Del Norte, Col., insolvent.
Source
newspapers
5. January 14, 1893 Suspension
Cause
Government Action
Cause Details
Controller of the Currency appointed a receiver because the bank was insolvent.
Newspaper Excerpt
A RECEIVER APPOINTED.-The - controller of the currency today appointed Mr. Emilie A. Abry of Cheyenne Wyq., receiver of the First National Bank of Del Norte, Col., insolvent.
Source
newspapers
6. October 23, 1894 Other
Newspaper Excerpt
Receiver Abry has sold the assets of the First National Bank of this city, valued at $118,923 at public auction for $1,000. Most of the assets were notes of stockholders of the bank and relatives. Only 10 per cent. was paid depositors in dividends.
Source
newspapers

Newspaper Articles (8)

Article from New-York Tribune, December 23, 1892

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Article Text

TROUBLES OF BUSINESS MEN. Del Norte, Col., Dec. 22.-From all indications, the failure of the First National Bank is complete and without hope of recovery. The Del Norte Flouring Mill and electric light plant and many other enterprises will be drawn into the failure. President Cochran says there is $132,000 in notes with which to pay $69,000 deposits, and insists that the depositors will lose nothing. All his personal property and that of Representative John Coehran has been given up. Until the Government inspectors look over the affairs of the bank the statement of the president Is all there Is to go by as to the final outcome. Phoenix, Ariz., Dec. 22.-In the District Court Judgment has been entered In favor of William O. O'Nelll and W. C. Barnes, of New-York, against the Equitable Mortgage Company for $178,000. the largest ever rendered in the Territory. The litigation grew out of the old Buckeye Canal corporation. Detroit, Dec. 22.-A dispatch from Muskegon, Mich. says: The Collin & Parker Lumber Company have plastered their property here with chattel mort. gages aggregating $158,000. The capital st ok if the comapny, which has been doing an extensive yard business, is $300,000. It is impossible to learn their standing assets and liabilities. St. Louis, Dec. 22.-Michael J. Foerstel, late deposed City Treasurer, made a general assignment this morning for the benefit of his creditors. The property assigned amounts to 8227,000. The Habiities are less than one-half of the assets. The assignment was made because some small creditors were putting attachments on the property, and Mr. Foerstel wished to put all creditors on the same footing. Waterbury, Conn., Dec. 22. Floyd B. Smith. one of the largest builders in the Nangatuck Valley, made an assignment to-day. His Hatilities are $50,000; assets none.


Article from Evening Star, January 14, 1893

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Article Text

A RECEIVER APPOINTED.-The - controller of the currency today appointed Mr. Emilie A. Abry of Cheyenne Wyq., receiver of the First National Bank of Del Norte, Col., insolvent.


Article from Santa Fe Daily New Mexican, October 23, 1894

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Article Text

CONDENSED NEWS. Gov. McKinley is junketing to-day 111 West Virginia. Steve Elkins accompanies him. A five-story brick building au 426 Wells street, Chicago, collapsed to-day, burying several workmen. George M. Irwin & Co., discretionary pool sellers, of Pittsburg, supposed to have $2,000,000 on deposit, suspended payment to-day. H. W. Dammes' grocery store, at Biddle and Ninth streets, St. Louis, was blown to ruins about noon to-day. Five persons were badly hurt. Ex-President Harrison started for New York from Indianapolis on private business. He has not yet been persuaded to speak in the New York campaign. In a collision this morning on the Kansas City, Fort Scott & Memphis railroad at Olathe, Kas., Fireman S. Stewart was killed and two others seriously injured. Minister Arriago, the Guatemala minister at Washington, does not think there is any truth in the rumors of war between Mexico and Guatemala. The boundary question between the two countries is being negotiated. Ex-Gov. Glick, of Atchison, Kas., announced to-day that he would support the Democrutic ticket. He has no sympathy with Senator Martin's move to give the Populists the support of the Kansas Democrats. A collision occurred on the Southern Pacific near Walker Station, Texas, early this morning. Conductor Hess and Brakeman Soonbug were killed, four others wounded and a number of cars wrecked. Brigands, led by Outlaw Julio Longorio, visited the ranch of Francisco Perez near Tepeteltan, Mexico, yesterday and killed Perez and four employes. Longorio and three others have been captured and will be shot. In the noted case of the Canadian Copper company against S. R. Ritchie, involving $1,250,000, U. S. Circuit Judge Linton, at Cleveland, Ohio, to-day entered a decree in favor of the copper company. Frank Murray and James Barrett, 08caped prisoners, charged with having wrecked a Santa Fe train on the night of Ootober 13, have been captured at Salt Lake City. Receiver Abry, of the First National bank at Del Norte, Colo, has sold the assets of that bank, valued at $118,923, for $1,012. The stockholders will realize little more than the 10 per cent already paid them. A suspicious character named Reilly was arrested at Newark, N. J., to-day. He had letters in his pocket to Vanderbilt, Depew and others and seemed to be a crank of the Pendergrast-Guiteau order. The trial of the Verastequi-Romero duel case was nearly completed at the City of Mexico to-day. It is believed that Romero and his seconds will be convicted.


Article from The Indianapolis Journal, October 24, 1894

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Article Text

$118,923 Sold for $1,000. DEL NORTE, Col., Oct. 23.-Receiver Abry has sold assets of the First National Bank of this city, valued at $118,923 at public auotion for $1,000. Most of the assets were notes of stockholders of the bank and relatives. Only 10 per cent. was paid depositors in dividends and they will realize very little more.


Article from The Providence News, October 24, 1894

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Article Text

A Complete Failure. DEL NORTE, Colo., Oct. 24.-Receiver Aubrey has sold assets of the First National bank of this city, valued at $18.923, for $1000. Only 10 per cent was paid depositors in dividends, and they will realize very little more.


Article from The Sun, November 1, 1894

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Manchester, Mish, has seventeen cases of small-pox. After a hot discussion the Michigan Baptist state convention at Lansing has formally indorsed prohibition. Two farmers near Breese, Ill., unearthed the skeleton of a supposed murdered man buried in a pasture. A mysterious disease has broken out among the miners in the Coeur d'Alene district. Several hundred persons have been stricken. Francis Dennis, a ragged beggar, was arrested at Peoria, Ill., and on searching his person $4,136 in bills and notes were found sewed up in his clothing. The weavers in the worsted cloth mill of Ross, Miller & Co., at Manayunk, have struck for an increase of 15 per cent in their wages. The Mill Creek Valley Lumber company at Cincinnati assigned to M. H. Spillard. Liabilities, $20,000; assets, $33,000. The "Ardlamont mystery" is to be revived by a suit by Maj. Dudley Hambrough to recover the $10,000 insurance on his murdered son's life. A conference looking to the uniting of all the iron workers of the country in one organization is being held at Indianapolis. Receiver Abry has sold assets of the First National bank of Del Notre, Colo., valued at $118,923 at public auction for $1,000. Only 10 per cent was paid depositors in dividends and they will realize very little. The Breckinridge-Pollard case is now formally out of court, the notice of appeal given by Col. Breckinridge at the close of the trial having been docketed and dismissed on motion of Calderon Carlisle, Miss Pollard's counsel. New Orleans and vicinity is threatened with a drinking water famine, owing to a protracted drouth. Society women of Saginaw, Mich., have organized a union and will require their servant girls to be in the house at 10 p. m. Among the rumored changes in the staff of Southern Pacific officials scheduled for next January is the retirement of R. H. Pratt, assistant general superintendent, and of Richard Gray, general traffic manager. Their successors have not been announced. Narragansett Pier is to have the finest shore hotel along the New England coast. It is to be located on the Gov. Sprague property, Canonchet, and will be called "The Colonial" from its style of architecture. The' house will cost $300,000, and is to be opened June 1, 1896. A mad dog ran through the streets of Wichita, Kan., snapping at everything in its way. Half a dozen people were bitten. The worst case is that of Mabel Hensworth, a little girl, whose hand was badly lacerated. She will be sent to the Pasteur institute at Chicago. A large number of dogs were also bitten.


Article from Highland Recorder, November 2, 1894

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The Ihmsen Grass company, or work in its green and amber to a of men and boys. number bottle has resumed factories,giving employment All the miners large imprisoned at Iron Mountain, Mich., by the cave-in have been rescued. -Thirty head of fine cattle, affected with tuberculosis, belonging to Hon. Jonas Van Duzar, of Elmira, N. Y., have been killed by order of the state officials. Rev. Alexander Heberton, aged ninety-two. died in Philadelphia. He was the oldest Presbyterian minister in Philadelphia. Decensed graduated from Princeton Theological Seminary in 1832. - Judge Hallett, in the United States District Court in Pueblo, Col., sentenced Shaw, Carey and Jones to jail for three months for interfering with a deputy marsball at Trinidad during the recent strike. The others were discharged, and nine held over to the next term of court, the jury having failed to agree in their case. Rev. Sheldon Jackson. com. missioner of education for Alaska, arrived at Port Townsend from the Arctic. He reports that the herd of Siberian reindeer at Porl ( larence had been increased to 700 head,an that they are thriving splendidly, very few dying. Fire cat sed damage to the amount of $150,000 to the Ayres Building in New York. - large Hungarian boarding-house at Laurel Run, Pa., was blown up by dynamite, placed under the house by unknown inparties, and three men killed and ten jured. Colonel Charles N. Pine. one of the editors of the Port Jervis, N. Y., Gazette, died, aged seventy-one years. He was formerly engaged in journalism in Philadelphia John Bruce Ford, who was formerly engaged in the publishing business in New York, died at his home in Brooklyn, aged seventy-nine years. published the works of Henry Ward Mrs. Stowe and Cullen He Beecher, William Bryant. Daniel McClintic, of Columbus, Ind., committed suicide. He W.IS short in his accounts, and ha also committed forharles Engstrom, bridge tender for gery. the Chicago and Northwestern Railroad, was found under the trestle at the Chapin mino Iron Mountain, Mich., with his skull crushed at in. He had received his pay, and it is believed was murdered and robbed. Hubbs and John were refrom the Hudson county leased Mrs. Alice Moore jail in New Jersey. They have been under arrest since September 23 on the charge of being implicated in the death of George Moore, a brother of John, from poisoning. The coroner's jury found that Moore came to his death from strychnine administered in his tea by some unknown person. Whitecaps thrashed two negro women in Bishopsville, S. government is investigating Chinese frauds Roarin San Francisco. The postoffice at ing Springs, Pa., was looted by thieves. Clark, manager of Armour & Co'. oleomargarine was bewholesale E. M. warehouse, Court, in Pittsfore the United States District burg, on the charge of contempt, in refusing to open his books to Internal Revenue Collector Kearns. By a fall of rock, eleven men were entombed in a mine at Iron Moun tain, Mich. Ten deaths from typhoid fever have occurred in six days in Berea, Union, Waco and other villages in the east end of Madison county, Ky. New casos occur daily. Bad water the result of the long protracted drought, is responsible. -The trial of Van K Pritchett at Nashville, Tenn., ,charged with the murder of his father, Clark Pritchett, on July 2 last, resulted in a verdict of not guilty. Pritchett shot his father while the latter was advancing in a threatening manner toward his mother. John T. Roddy, of New York, has made a proposition to the Southern farmers to form a trust with $50,000,000 capital to control the cottou market. - The Georgia Legislature met, Mr. W. H. Venable was elected president of the Senate and Mr. W. H. Fieming speaker of the House. Prof. Arnold Gayat Cameron, Ph. D., of Yale University, delivered the Found Day address at Lafayette College, Easton, Pa. His topic was **The Real France in Our Education. Adam Nedinsky, aged thirty-one years, and his helper, Charles Urbin, aged twenty five years, were killed by a fall of coal in the Gilberton mine, near Ashland, Pa. - Crowds of subscribers to the "discretionary pools' surrounded the offices of those concerns in Pittsbur%, demanding their money. They re ceived no satisfaction. The large store o H. A. Sa; e & Co., harness manufac urers Los Easton, I F. was destroyed by fire. $20,000. Receiver Aubrey has sold assets of the First National Bank of Del Norte, Col., valued Most a $118,923 at public auction :or $1,000. of the assets were notes of stockholders o the bank and relatives. Only ten per cent was paid to depositors in dividends, and they W will realize very little more. H. Damme's grocery store at the northeast corner of Biddle and Ninth streets, blow to ruins by an explosion in St. Louis, an five persons were badly hurt, the injuries o one being thought fatal. Conductor Hest and Brakeman Soonbury were killed in col lision between a passenger and a freight San trai near Walker Station, Texas. George derson, of Limes one township, Pa., recenti struck a vein of cement, one hundred fee thick, on his land. New York assayers say Eas best in the world. A company of has been is tern the capitalists organized Larrels and plant will be built to turn out 1,000 tw day. Dent Mobley and Roy Davie, boys of Dancansville, Pa., aged, respectivel nine and eight years. quarreled and cut Moble an hacked each other with penknives. pushed his knife into Davie's abdomen, pier t the liver and causing fatal injuries. cing attempted to carry off colored in


Article from The Dickinson Press, November 3, 1894

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Otherwise. Mauchester, Mich., has seventeen cases of small-pox. After a hot discussion the Michigan Baptist state convention at Lansing has formally indorsed prohibition. Two farmers near Breese, III., unearthed the skeleton of a supposed murdered man buried in a pasture. A mysterious disease has broken out among the miners in the Coeur d'Alene district. Several hundred persons have been stricken. Francis Dennis, a ragged beggar, was arrested at Peoria, III., and on searching his person $4,136 In bills and notes were found sewed up in his clothing. The weavers in the worsted cloth mill of Ross, Miller & Co., at Manayunk, have struck for an increase of 15 per cent in their wages. The Mill Creek Valley Lumber company at Cincinnati assigned to M. H. Spillard. Liabilities, $20,000; assets, $33,000. The "Ardlamont mystery" is to be revived by a suit by Maj. Dudley Hambrough to recover the $10,000 insurance on his murdered son's life. A conference looking to the uniting of all the Irou workers of the country in one organization is being held at Indianapolis. Receiver Abry has sold assets of the First National bank of Del Notre, Colo., valued at $118,923 at public auction for $1,000. Only 10 per'cent was paid depositors in dividends and they will realize very little. The Breckinridge-Pollard case is now formally out of court, the notice of appeal given by Gol. Brecklaridge at the close of the trial having been docketed and dismissed on motion of Calderon Carlisle, Miss Pollard's counsel. New Orleans and vicinity is threatened with a drinking water famine, owing to a protracted drouth. Society women of Saginaw, Mich., have organized a union and will require their servant girls to be in the house a(10 p. m.