12850. New Mexico Savings Bank & Trust Company (Albuquerque, NM)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
trust
Start Date
April 1, 1899*
Location
Albuquerque, New Mexico (35.084, -106.651)

Metadata

Model
gpt-5-mini
Short Digest
7003f561be5a99de

Response Measures

None

Description

Articles document the New Mexico Savings Bank & Trust Co. being placed in receivership (court-appointed receiver Neill B. Field, later C. E. Newcomer). Deposit dividends and asset sales by the receiver follow. There is no explicit report of a depositor 'run' in the articles; the bank appears to have suspended and entered receivership permanently (closure). Dates corrected/confirmed from newspaper publication dates.

Events (7)

1. April 1, 1899* Suspension
Cause
Government Action
Cause Details
Court-appointed receiver was managing the bank after its collapse; judge referenced receiver's management and depositors having received ~80%.
Newspaper Excerpt
Neill B. Field be removed as receiver for the New Mexico Savings Bank and Trust company.
Source
newspapers
2. May 18, 1899 Receivership
Newspaper Excerpt
N. B. Field Resigns as Receiver for the Savings Bank - Newcomer Appointed. ... the court appointed Deputy Sheriff C. K. Newcomer in his stead, at a salary of $150 per month . . . Depositors have received 80 per cent of amounts originally due.
Source
newspapers
3. May 19, 1899 Receivership
Newspaper Excerpt
Deputy Sheriff Newcomer has been appointed receiver of the New Mexico Savings Bank & Trust company at a salary of $150 per month. Depositors have received 80 per cent of amounts originally due.
Source
newspapers
4. May 5, 1900 Other
Newspaper Excerpt
C. E. Newcomer, receiver, will be at the office ... for the purpose of paying a 10 per cent dividend to the depositors of the New Mexico Savings Bank and Trust company.
Source
newspapers
5. May 12, 1900 Other
Newspaper Excerpt
Several thousand dollars have been turned loose in Albuquerque the past few days by Receiver Newcomer, of the New Mexico Savings Bank & Trust Company. These 10 per cent. dividends are very acceptable to the depositors ... 'before it collapsed.'
Source
newspapers
6. September 15, 1900 Other
Newspaper Excerpt
C. E. Newcomer, receiver of the New Mexico Savings Bank and Trust company to Lyman B. Putney estate, bargain and sale deed ... (receiver conducting asset transfers/sales).
Source
newspapers
7. November 8, 1902 Other
Newspaper Excerpt
Notice of sale ... by Charles E. Newcomer, receiver of the New Mexico Savings Bank and Trust company ... will, on the 8th day of November ... offer for sale and sell the premises ... for the purpose of satisfying said indebtedness.
Source
newspapers

Newspaper Articles (10)

Article from Albuquerque Daily Citizen, April 17, 1899

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Article Text

THE DISTRICT COURT Petition for Removal of Receiver of Savings Bank Denied. In the district court this morning. Judge J. W. Crumpacker denied the pe. tition of T. J. Shinick et al., asking that Neill B. Field be removed as receiver for the New Mexico Savings Bank and Trust company. In doing so, the judge spoke in highly complimentary tertas of Mr. Field's able management of affairs as re ceiver. He did not think it advisable to trade horses while crossing the river, and therefore denied the petition. Mr. Field's report on his doings as receiver was filed in the district court on Friday and pubin THE CITIZEN of the same date. The case of J. B. Bushnell VS. E. W. Coggshall and Joseph Rutherford, was called for trial this morning. Collier & Marron represent the plaintiff and Childera & Dobson the defendants. The plaintiff sues for his commission as real estate agent for the sale in 1890 of lots opposite the Commercial club for the defendants. The commission amounted to $500 and this amount together with interest is sued for. Ignacio Gutierrez and John Michel, administrators for the Imbert estate, have commenced two suits against Felix H. Lester, guardian, and Louis E. Imbert. The suits are brought for the purpose of securing a decree from the court permitting the administrators to mortgage or sell the property of the estate in order to pay the debts. To-morrow Judge Crumpacker will set the cases to be tried in chambers for trial.


Article from Albuquerque Daily Citizen, May 18, 1899

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Article Text

THE COURT N. B. Field Resigns as Receiver for the Savings Bank-Newcomer Appointed. In the district court this morning, in the case of George C. Browne et al. V8 the New Mexico Savings Bank and Trust company. Hon. Neill B. Field tendered his resignation as receiver. and the court appointed Deputy Sheriff C. K. Newcomer in his stead. at a salary of $150 per month. and required him to give a bond in the sum of $25,000 for security, the same to be approved by the court, conditioned for the faithful performance of his duties and to answer for the funds. The court also appointed Hon. T. A. Finical as counsellor for the receiver, with 8 consultation fee of $50 per month. The order further enjoine on the new receiver and attorney the immediate collection of all outstanding debts and accounts. The court. in accepting the resignation of Mr. Field, stated that as receiver he had the best interest of the trust at heart, and the fact that the depositors had received 80 per cent or more was an indication that he had earnestly and conscientiously conducted the trust. In the case of Geo. K. Neher vs. Ambrosio Armijo and Anita Armijo. the pleadings having been settled, the cause was referred to B. 8. Rodey to take the proofs, objection having been filed by the plaintiff to the regular standing master of the court. In the case of Kmily Sass vs. Lawrence Smith. pending in Justice Crawford's court, a writ of certiorari was entered compelling the justice to send up the papers and directing a recall of the execution. In the case of M. W. Flournoy and A. B. McMillen against Isaac Austin. deceased, motion to quash proof of publication was overruled. In the case of Joe Badaracco VS. Mike Mauro, judgment was satisfied in full. Prof. J. P. Owen was admitted this morning to practice in the district court. Mr. Owen was educated at Princeton and afterward read law under Hon. Frank Kaercher, an eminent member of the Pennsylvania bar, and had his first law experience during the trial of the Mollie Maguires. In Pennsylvania he ranked high as a public speaker and stumped the state with Senator Quay in an exciting political campaign. He gave up the practice of law to engage in educational work. and was from the date of the institution of the Agricultural and Mechanical college at Mesilla Park in 1889 until last year, the vice president of its faculty. The court gave notice that the present March term would end on Saturday of this week and all motions for a new trial must be made before that time. Judge Crumpacker expects to hold court in Las Vegas, commencing Monday, in the place of Chief Justice Mills, who is east attending the funeral of his father-in-law, Wilson Waddingham.


Article from Santa Fe New Mexican, May 19, 1899

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Albuquerque Items. A. J. Van Cott, who shot himself, died yesterday. A natatorium is being built by Ralph Goodwin. Deputy Sheriff Newcomer has been appointed receiver of the New Mexico Savings Bank & Trust company at a salary of $150 per month. Depositors have received 80 per cent of amounts originally due. Professor J. P. Owen has been admitted to practice law. The term of court will end Saturday, but Judge Crumpacker will begin another term Monday, acting for Chief Justice Mills.


Article from El Paso Daily Herald, May 26, 1899

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about seven miles south from Decatur. The consideration was $12,600.-Fort Worth Register. Mrs. Wilkinson was assaulted by a negro in the brush while returning from church at 10 o'clock Sunday night, May 14, in San Antonio, and she identified the negro on the morning of the 23rd. The police caught him Saturday and found his coat and his hat covered with blood spots. The clothing has also been identified by Mrs. Wilkinson.-Austin Tribune. New Mexico. Eddy has changed its name to Carlsbad. Raton has a Rough Riders' bicycle club. Mollie Leonard of Las Cruces has become insane. The court of private land claims will convene in Santa Fe on May 29. Some activity is reported in the Santa Fe real estate market.-Ex. A natatorium is being built at Albuquerque by Ralph Goodwin.-Ex. The weather in Silver City for the advanced season is unusually cool. An effort is being madeto reorganize the militia company at Albuquerque.Ex. The fruit crop at La Luz and Tularosa will be larger this year than any former one.-Las Vegas Optic. By actual count 115 men are dry washing at present in the Hillsboro gold placers.-Sierra Co. Advocate. Las Vegas is determined to give the Rough Riders one of the grandest receptions ever witnessed in the territory. Deputy Sheriff Newcomer, of Albuquerque, has been apnointed receiver of the New Mexico Savings Bank & Trust company at a salary of $150 per month. Depositors have received 80 per cent


Article from Albuquerque Daily Citizen, February 3, 1900

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Article Text

DISTRICT COURT. LODE Last of Cases Filed with the Distriet Clerk. Suit was filed this morning in the district court in the case of James F. Denison and John A. Lee vs. Mary I. Fitzgerald et al., for foreclosure of a certain trust deed on the northeast quarter of section 22, town 10, north of range 3 east, New Mexico principal meridian in Bernalillo county. Gregoria A. de Baca vs. Jose de Baca, ult for divorce on ground of sbandonment. Suit of W. W. McClellan vs. Lavalle, to recover the sum of $230 on a promissory note, and upon the plaintiff's affidavit to the effect that the defendant is & nonresident and a writ of attachment was issued. Suit has been instituted by GraceJohnson against her husband, John N. Johnson, for absolete divorce. Mrs. Johnson alleges non-support and desertion in the bill of complaint. Papers have been filed in the district clerk's office in the case of Fred G. Ward vs. George C. Gainsley & Co., suit in at. tachment. Winifred 8. Lockhart vs. Harry F. Lockhart; suit for divorce on grounds of abandonment. Suits have been entered by Mary Finch, administratrix, against Fred. A. Bletcher, Henry Bletcher and J. W. Carpenter on open accounts. Judgment was confessed in the case of O. W. Strong vs. L. A. Dudley in the sum of $138. In the case of the Crown Point Mining Company vs. J. D. Snyder, judgment was entered in the sum of $635. Writs of injunction in the case of J. L. Bell vs. J. N. Broyles, enjoining collection of certain judgments. In the matter of Cecelia Reitz et al., by their guardian, Joseph J. Fox, an order was entered empowering Thomas M. Hinch, special master, to sell lot 26, in block 32, and lots 12, 13 and 14, in block 47, in the town of Gallup. In the case of The Territory of New Mexico VS. Persons, Real Estate and Property Described in the Delinquent Tax List, an order was entered dismissing the cause as to taxes assessed against Ignacio Chavez's land grant for the years from 1889 to 1898, amounting to about $25,000, on the ground that the grant during that time was an unconfirmed, imperfect land claim, not selected by the owner and not surveyed by the United States. Eugene Fisk represents the grant people. The case of George C. Brown vs. New Mexico Savings Bank and Trust company, on petition of receiver the indebtedness of Robert S. Goss and Julia P. Goss was compromised for $100. In the case of the United States VS. Pedro Torres and Manuel Rameriz, y charged with contempt at the preliminary hearing, the court bound them over n to the first day of the next regular term. These were witnesses subpoenaed in the = case of Red Pipkin, charged with train 0 robbery, and after being brought to the county seat, mysteriously disappeared ;, while the grand jury was in session.


Article from Albuquerque Daily Citizen, May 4, 1900

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Dividend Declared. C. E. Newcomer, receiver, will be at the office of P. F. McCanna, room 11, Grant building, on Saturday, May 5, 1900, from 2 to 6 and 7 to 9 p. m., for the purpose of paying a 10 per cent dividend to the depositors of the New Mexico Savings Bank and Trust company. After that date he can be found at the sheriff's office in the court house. Special Saturday Prices at the Albuquer-


Article from Albuquerque Weekly Citizen, May 12, 1900

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Several thousand dollars have been turned loose in Albuquerque the past few days by Receiver Newcomer, of the New Mexico Savings Bank & Trust Company. These 10 per cent. dividends are very acceptable to the depositors who put faith in the above bank and company before it collapsed, and Receiver Newcomer, if he has the funds on hand or expects to get it soon, ought to as early as possible declare another dividendo f 10 per cent,, thus paying dollar for dollar. Checks can be received at the office of P. F. Mc Canna, room 11, Grant building. until May 11. Mrs. W. B. Childers expects to leave to-morrow morning for the north. The lady has just been appointed one of the territorial delegates to the twentyseventh annual covention of charities, to be held at Topeka,


Article from Albuquerque Weekly Citizen, September 15, 1900

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Real Estate Transfers. C. E. Newcomer, receiver of the New Mexico Savings Bank and Trust company to Lyman B. Putney estate, bar. gain and sale deed to lots 24 and 25. block letter B, in Atlantic & Pacific addition; consideration, $600, Mrs. Jessie R. Nichols. warranty deed to William A. Clark to north onehalf of southeast quarter section 14, township 15 north, range 19 west: $1. John A. Riley and wife to Mann Bros., bargain and sale deed to lot 10, block 14, Francisco Armijo y Otero addition: $500. Benceslado Chavez and wife to Lucita Gavinade Chavez. to a piece of land in the town of Atrisco; $1.


Article from Albuquerque Weekly Citizen, December 15, 1900

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Back From California. Col. Ed. Newcomer, regarded as the "luckiest" individual from Missouri or any other state that ever came to central New Mexico and located IP Albujuerque, has returned from his Jaunt long the Pacific coast. The colonel, who is the efficient chief deputy sherff, was not on the coast this time on ifficial business-he was there on pleasare and to have a jolly time, and from ill accounts he entertained himself and numerous friends in royal style. He made delightful tours on the bay, visited Oakland. the suburbs, and the Presidio, and gamboled on the beach at the Golden Gate park with the larges: seal in captivity. Altogether his trip, from a social point of view, was at that he or any other capitalist could wish for, and he returns in good spirits and almost ready to declare another dividend of 10 per cent to the depositors of the New Mexico Savings bank and Trust company, of which h: is the receiver.


Article from Albuquerque Weekly Citizen, October 18, 1902

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# NOTICE OF SALE num from the date of this decree, with ten per cent additions of the amount found due as attorney fees; that the said defendant, James Sanches, pay the same to the plaintiff, Charles E. Newcomer, receiver of the New Mexico Savings Bank and Trust company within thirty days after the entry of said judgment and decree and that in default of such payment that the said premises or so much thereof as may be sufficitne to raise the amount due by said decree aforesaid, pricipal, interest and atorney fees and the cost of suit in this case, be sold by and under direction of W. E. Dame, who is appointed special master for that purpose, at the front door of the postoffice in the city of Albuquerque in the county of Bernaiillo, at public auction to the highest bidder for cash, first giving four weeks public notice of the time, terms and place of sale and of the property to be soid by advertisment in some newspaper published 1. the city of Albuquerque; and that upon such sale he make, execute and deliver to the purchaser a good and sufficient deed of conveyance for the premises sold; and Whereas, Said James Sanches has failed to pay any part of said sum adjudged to be paid by him to said Charles E. Newcomer, receiver of said New Mexico Savings Bank and Trust company of Albuquerque. Now the undersigned, therefore, by the authority vested in me by the said decree will, on the 8th day of November, at the front door of the postoffice in the city of Albuquerque at the hour of 10 o'clock in the forenoon of said day offer for sale and sell the premises hereinafter described to the highest bidder for cash all the right, title and interest of the said James Sanches therein, for the purpose of satisfying or tending to satisfy said indebtedness by said decree decreed. The premises to be sold are situated in the county of Valencia, territory of New Mexico, and described as follows: The description, and particular boundaries of the property to be sold under this judgment, so far as the same can be ascertained from the complaint and the deeds therein referred to is as follows: All those lots. pieces and parcels of land situated in the County of Valencia and the Territory of New Mexico as follows: The southwest quarter of the northwest quarter of section twenty-one, and the south half of the northeast quarter, and south half of the northwest quarter, and the northwest quarter of the southeast quarter in section twenty in Township six, north of range two, east of New Mexico meridian in New Mexico Territory, containing one hundred and fifty-seven acres and thirty-six hundredths of an acre, also the following land in the Ana de Sandoval y Manzanares Grant, beginning at a point where the section lines between sections twenty and twenty-one in township six, north, range two east, intersects the south boundary line of the Ana de Sandoval and Manzanares Grant, thence running west seventeen hundred and twenty-six and eighty-one hundred (1,726.81) feet along said south boundary of said Ana de Sandoval and Manzanares Grant to the right of way of the New Mexico and Southern Pacific Railway Company; thence north, ten degrees and one minute east along the east side of said right of way, fourteen hundred and nineteen and ten one-hundredths (1,419.10) feet; thence south, eighty-five degrees and two minutes east, eleven hundred and sixty-six feet to a post; thence north, ten degrees and ten minutes east, five hundred and fifty-one feet to a post; thence eighty-four degrees, thirteen minutes east, nine hundred and thirty-six and twenty-five one-hundredths (936.25) feet to a post on the west bank of the Rio Grande; thence south, twenty-three degrees eight minutes east, along the west bank of the Rio Grande, eight hundred and ninety-six (896) feet to a post; thence south, six degrees, thirty-four minutes east, along the west bank of the Kio Grande, nine hundred and twenty-six and seventy one-hundredths (926.70) feet to a post at the intersection of the south boundary line of the Ana de Sandoval y Manzanares Grant; thence west along the south boundary line of said grant, eleven hundred and sixty-eight and twenty one-hundredths (1,168.20) feet to the place of beginning, containing an area of ninety-three and one-half acres, magnetic variation, twelve degrees thirty minutes east on all courses. Another piece of land, beginning at the northwest corner of fractional section nineteen, in township six, north range two east, on the south boundary of the Ana de Sandoval y Manzanares Grant, thence north nine hundred and forty-seven (947) feet to a post; thence south seventy-four de-