12839. First National Bank (Albuquerque, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2614
Charter Number
2614
Start Date
August 11, 1893
Location
Albuquerque, New Mexico (35.084, -106.651)

Metadata

Model
gpt-5-mini
Short Digest
3874edaa5b690e31

Response Measures

None

Description

Articles report the Comptroller appointing a receiver for the First National Bank of Albuquerque in Aug 1893 (government action) and later (1896) reference the bank's failure and final dividend payment. No article describes a depositor run prior to suspension; the bank was closed and placed in receivership and wound up.

Events (5)

1. January 11, 1882 Chartered
Source
historical_nic
2. August 11, 1893 Receivership
Newspaper Excerpt
Comptroller Eckels today appointed John W. Schofield of Santa Fe receiver of the First National bank of Albuquerque.
Source
newspapers
3. August 11, 1893 Suspension
Cause
Government Action
Cause Details
Comptroller appointed a receiver for the bank (federal banking authority action).
Newspaper Excerpt
Comptroller Eckels today appointed John W. Schofield of Santa Fe receiver of the First National bank of Albuquerque.
Source
newspapers
4. April 9, 1896 Other
Newspaper Excerpt
With the failure of the First National bank of Albuquerque ... The bank has latterly paid up its last dividend, and the depositors have come to their own again short only several years interest on their money.
Source
newspapers
5. February 7, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)

Article from Omaha Daily Bee, August 12, 1893

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Article Text

CUSTOMS RECEIPTS. Amount Paid in for the First Ten Days of August-Washington Notes. WASHINGTON, Aug. 11.-The treasury's ten days statement issued today shows that the receipts from customs at the port of New York for the first ten days of August aggregated $3,024,929, as against $4,831,130 for the corresponding period last year. It is estimated that two-thirds of the custom revenues of the government are collected at New York. A like failing off is noticeable at other ports. Of the customs duties 24.6 were paid in gold, being the largest percentage of gold 'received for custom dues for many years, and accounts for the increase in the gold reserve. The gold in the treasury is stated at $186,282,914. against which there are $82,419.624 gold certificates outstanding, and $8,573,765. gold certificates in the treasury. The $100,000,000 gold reserve is intact and there is $3,863,290 free gold in the treasury for use in current business. Secretaries Gresham, Carlisle and Bissell left Washington this afternoón for Deer Park, Md., where they will remain until Monday. Before Secretary Carlisle left he instructed his subordinates to exhaust every means at the disposal of the treasury to assist in putting currency into circulation. The democratic caucus committee of the senate met this morning and was in session all day without coming to any conclusion as to the plan of work of the senate. Comptroller Eckels today appointed John W. Schofield of Santa Fe receiver of the First National bank of Albuquerque. Two hundred and eighty-six pensioners were suspended during the last twenty-four hours, pending further medical examination. Acting Secretary Hamlin has directed, pending further investigation, the suspension of the order assessing a duty on the importation of fish caught in the great lakes.


Article from Arizona Republican, April 9, 1896

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Article Text

The Western Union Telegraph company has its wires stretched for twenty miles from Ash Fork. It is over the worst ground and will have smooth sailing into Prescott now. A special meeting will be held of Arizona lodge No. 2, A. F. & A. M., at 7:30 p. m. this evening for work in the third degree. Sojourning brethren are cordially invited to attend. The Southern Pacific is actively engaged in removing gravel from the Cienega with which they will ballast their roadbed from Willcox to Maricopa, greatly improving the condition thereby. Drs. Purman and Martin, who are compelled to leave their present location on account of the impending construction of the Adams hotel, will today transfer their offices to the Alhambra on West Adams street. Antonio Ma. Salinas, the Mexican journalist who persisted in assaulting a congregation of Spanish Methodists, acknowledged his error yesterday before Justice Johnstone and was allowed to go with a little fine of $25. The funeral services of the late W. E. Thomas will be held this morning at 9. They will be conducted by the Phoenix Codge of Masons, and will be attended by that order and by the Odd Fellows, deceased in life having been a member of both orders. C. F. Raliph, the shoemaker who bruised up his wife and children a few nights ago, was placed under a peace bond of $400 yesterday by Justilce Johnstone. As the man was unable to furnish the security, the went to jail for an indefinite period. The dry goods clerks of Tucson are circulating a petition to have all dry goods stores closed on Sundays, commencing next Sunday, April 12. It is meeting with considerable favor and has been signed by several leading merchants. It is thought that all the rest will sign. Felix Carlos got inebriated and wicked yesterday below the Maricopa & Phoenix depot, and, flourishing a revolver made threats that did not sound nice, even when expressed in the liquid tongue of Castile. So he was gathered in by the constabulary and will be tried on Wall street today. "Our valley strawberries," said a local fruit dealer yesterday, "are undoubtedly far superior to anything that can be secured from California. notice this especially with the orders given being the by strangers same, they in always the city. pick Price the local product as the best.' Among the incumbrances on the estate of the late W. H. Thomas, made known by documents filed in the recorder's office immediately after his death, were a note of hand for $1,500, given to H. A. T. Hansen March 24, and a mortgage on the Winnifred mine in the sum of $2,000, given April 6 to the mother of his first wife, Mrs. Shipp. The Courier is authority for the statement that the Santa Fe, Prescott & Phoenix has purchased the rails and right of way of the abandoned Prescott & Arizona Central road from Prescott to Seligman, a distance of seventy-two miles. The bridges have nearly all been washed away and the job of securing the iron would be a difficult one. Flagstaff Democrat: The tourists to the Grand canyon can now have better accommodations than ever before. The hotel at the canyon is now open and J. W. Thurber has put two large Concord coaches on the road, and added all necessary conveniences to his stage line. Tourists are beginning to come, and no doubt the coming season will be a busy one in travel to the canyon. "Kid" Thompson, under sentence of death in California for train robbery, is said to have formerly teamed for a man named Marshall J. Miller near Prescott. Miller was working a mine near this place as the story is told. The latter is also under sentence of death for the murder of an old Jewish merchant at Marysville. When the two met at San Quentin to await their fate their recognition of each other was mutual. With the failure of the First National bank of Albuquerque several of the northern counties of Arizona lost large sums of money which had been mistakenly placed in a bank so remote from the territory. The bank has latterly paid up its last dividend, and the depositors have come to their own again short only several years interest on their money. Thus the treasurers are also freed from their responsibilities. The recorder's office of the county of Maricopa is a source of considerable profit. It costs to run only about $950 a quarter. For the last quarter, which was considered to have been one of extreme dullness, the recorder turned in, after paying all incidental expenses outside of salaries, the sum of $2,066.65.