12848. Montezuma Trust Company (Albuquerque, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
February 27, 1922
Location
Albuquerque, New Mexico (35.084, -106.651)

Metadata

Model
gpt-5-mini
Short Digest
6fbc2dc2b578ddc9

Response Measures

None

Description

Articles indicate the Montezuma Trust Company in Albuquerque was closed and placed in receivership (earlier), with later court proceedings in 1922 discharging the receiver after winding up the receivership. There is no clear description of a depositor run in these articles; the precipitating facts cited include suits and allegations of mismanagement, and the bank was taken into receivership (court action). OCR errors in Article 1 were corrected (e.g., references to ‘placed in the hands of a receiver’ and suits by Burkhart).

Events (3)

1. February 27, 1922 Other
Newspaper Excerpt
Notice ... receiver having filed his report herein will apply to the above entitled court for an order approving same and discharging receiver at Albuquerque at ten o'clock a.m. on February 27 1922 ... Anyone having reason to oppose said application should appear at said time and place. MARRY P. OWEN Receiver Feb. 4-11-18-25
Source
newspapers
2. June 6, 1922 Other
Newspaper Excerpt
Following the hearing on the final account of H. P. Owen, receiver for the Montezuma Trust company, the district court discharged the receiver and exonerated him from further liability as the business of the receivership has been completed.
Source
newspapers
3. * Receivership
Newspaper Excerpt
his Montezuma Trust company ... succeeded in getting this institution into the hands of a receiver; ... filed suit making 'general charges of mismanagement' ... the man who caused his Montezuma Trust company to be placed in a receiver's hands and filed a complaint alleging mismanagement of a bank.
Source
newspapers

Newspaper Articles (3)

Article from El Nuevo Mexicano, September 28, 1916

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Article Text

Light On a Chairman Mr. Whispering Gillenwater, political manager for Frank A, Hubbell, during whose regime in Bernalillo county the political court became justly famous and Judge B. S. годошел SeAt 'Suja nequire 0111 jo from office for malfeasanceMr. Whispering Gillenwater, manager for Frank A. Hubbell, whom he bitterly denonneed as of Hevil purposes" end a bolter - ore save% thoj Date oth me.n Mr. Whispering Gillenwater, who raged up and down the earth four years ago condemning the Hubbell influence and conducting a vehement adjectival assault on -paoces HoganH aut Mr. Whispering Gillenwater, who is man aging the Republican campaign because W. C, McDonald is on the Demoeratic ticket: an supedde 01 pasnjed aqm 0 M Gillenwater's Montezuma Trust company candidate for traveling auditorMr. Whispering Gillenwater, sotto voce, has begun to take the public into his confidence regarding the closing of his Montezuma Trust company in Albuquerque. and if be 01 st offand 046 desired its memory refreshed on this matter. It will make It much easier now that Mr. Whispering Gillenwater has voluntarily JO e SI 71 subject the dn quanom special interest in view of Mr. Whispering Gillenwater's recent broaching of the topic of Sound Banking in the form of a Republican campaign advertisement filled with some interesting slander of the governor and former traveling auditor-the governor, "IN sujodde 03 posnjes oum Montezuma Trust company candidate for traveling auditor: and the former traveling auditor, who was appointed in place of Mr. Gillenwater's candidate! Mr. Whispering Gillenwater rushes before the public with his Montezuma Trust company defense, before any charges have been type page XIS B us the Rq not and written signed statement. This statement, -jour,, JO red the with person dentally" presenting this defense, is in the OTM auo se solemn B 10 TOTAL wishes to see "the integrity of the courts maintained" against the appointment of aSpnf district S n as sucurding Right here it may be well to say that in view of the unsavory judicial record in Al buquerque of District Judge B. S. Baker, member of the ring headed by Frank Hub. bell, Mr. Gillenwater's present candidate UMO mo Mep Am OM senate, S n the 101 conclusions as to Mr. Gillenwater's idea of the "integrity of the courts," the sacredness of the judiciary and the immaculateness of the ermine. We will state in all frankness that this letter is the ugliest, most venomous, most vicious, most malicious, most contemptible dem 8 10 eharacter the uo which we have ever seen issued during the progress of any campaign in New Mexico. Fortunately its malice, its venom, its ugliness are at once evident and deprive the letter of any political effect which it might otherwise have. In the first place the spectacle of a campaign manager for Frank Hubbell pleading for the "integrity of the courts" is conducive to uproarious laughter. In the second place the spectacle of a Republican campaign manager solemnly warn ing against the appointment of a Democrat by a Democratic president to a federal position is highly entertaining. In the third place Mr. Whispering Gillenwater at once gives the whole thing away by disclosing that he doesn't like Mr. Burkhart since the time that Mr. Burkhart, representing persons having a stock interest in the Montezuma Trust company, succeeded in getting this institution into the hands of a receiver. Whether or not Mr. Burkhart's action appeared to be based on good grounds the reader may conclude for himself after reading Mr. Gillenwater's advance defense of the institution, whose stockhold. ars, he says, exclusive of officers and directors, only stood to lose a mere trifle of some ten to fifteen thousand dollars. Mr. Whispering Gillenwater also says that Mr. Burkhart filed suit making "general charges of mismanagement" against Mr. Gil40J Auedmoo am pesn pen I 1841, personal ends and had, at or about the time the company discontinued business, a large overdraft." Thus we have the reasons for everything B se plain ST MR. WHISPERING GILLENWATER is slandering the governor of New Mexico because the governor refused to appoint his Montezuma Trust company candidate as traveling auditor, MR. WHISPERING GILLENWATER is slandering the former traveling auditor because he was appointed In place of Mr. Gillenwater's Montezuma Trust company candidate. MR. WHISPERING GILLENWATER is violently slandering the United States district attorney because the latter is the man who caused his Montezuma Trust company to be placed in a receiver's hands and filed a complaint against Mr. Whispering Gillenwater alleging mismanagement of a bank. MR. WHISPERING GILLENWATER, former head of the Montezuma Trust company, is conducting an attack upon W. C. McDonald and Howell Earnest, as


Article from The Evening Herald, February 25, 1922

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Article Text

LEGAL NOTICES LEGAL NOTICE No. 9511. STATE OF NEW MEXICO County of Bernaliile In the District Court State of New Mexico plaintiff. Va Montezuma Trust Company defendant To Whom It May Concern Notice is hereby given that the GB. dersigned receiver having filed his " port herein will apply to the above enlitled court for an order approving same and discharging receiver at Albuquer are at ten o'clock a.m on February 27 1922 or 82 EOOB thereafter as said up pilication can be heard Any one having reason to oppose said application should appear at said time and place MARRY P. OWEN Receiver Feb. 4-11-18-25


Article from Albuquerque Morning Journal, June 6, 1922

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Article Text

AROUND THE COURT HOUSE Suit to quiet the title to certain real estate was filed in the district court yesterday by William H. Ode against the Broadway Land and Investment company et al. A divorce case was filed yesterday by Nestor Padilla against Marie B. de Padilla. Following the hearing on the final account of H. P. Owen, receiver for the Montezuma Trust company, the district court discharged the receiver and exonerated him from further liability as the business of the receivership has been completed.