12871. Bank of Deming (Deming, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 1, 1892*
Location
Deming, New Mexico (32.269, -107.759)

Metadata

Model
gpt-5-mini
Short Digest
d25c65831dc4291d

Response Measures

None

Description

Articles indicate the Bank of Deming suspended payments (article of 1892 describes the recently suspended bank of Deming, N. M.) and by 1893 a receiver (Receiver Foster) was involved and the bank is described as insolvent. No explicit run is described in the clips. OCR errors in article 2 were corrected where obvious (eg. went insolvent to Deming -> bank went insolvent; Receiver Foster referenced).

Events (2)
1. March 1, 1892* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank described as suspended and later referred to as insolvent; implies bank-specific insolvency rather than a rumor or general panic.
Newspaper Excerpt
the recently suspended bank of Deming, N. M.
Source
newspapers
2. April 4, 1893 Receivership
Newspaper Excerpt
Rodney G. Clark ... went to Deming last week to meet Receiver Foster, who telegraphed that he would there on Friday. ... went insolvent ... Receiver Foster
Source
newspapers

Newspaper Articles (2)
1. March 10, 1892 St. Johnsbury Caledonian Saint Johnsbury, VT
Article from St. Johnsbury Caledonian, March 10, 1892

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Article Text

DEMING BANK STOCKHOLDERS. The Lyndonville Journal gives the following list of stockholders (in this vicinity) in the recently suspended bank of Deming, N. M., which was obtained from the president : C. M. Chase, Henry Chase, Sarah W. Chase, John B. Chase, E. B. Chase, Martha E. Chase, Gordon B. Chase, L. K. Quimby, Citizens Savings Bank, St. Johnworry, Merchants Nat. Bank, St. Johnsbury, National Bank of Lyndon, Geo. Ide, B. F. Lincoln, D. N. Trull, J. C. Eaton, Austin G. Sanborn, H. W. Lyster, Harris Worthen, Irene A. Carpenter, H. E. Folsom, Warren Esterbrooks, P. F. Hazen, Olam Sargent, Wesley Sargent, Olive Sargent, Chas. W. Sampson, Isaac M. Smith, William J. Stanton, Jr., Homer C. Wilson, Evylin M. Quimby.

2. April 4, 1893 Southwest-Sentinel Silver City, NM
Article from Southwest-Sentinel, April 4, 1893

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Article Text

8:20 Las Cruces 3:48 Leave Arrives, m. El Paso 6:25 p.m. Kansas City 7:00 a.m p.m. Chicago. 8:03 JOHN H. MUDGE, Agent. Don't forget to vote today. S. P. Carpenter is gathering 800 head of cattle which will be shipped to Watrous. Lent is over and new life will be infused into the social world. Court will convene here a week from next Monday and there will be a democratic judge on the bench. George Hinman sold his residence in Black's addition last week to James Cumbee. The special Easter services which were held in the churches last Sunday were well attended. The remaining cases against the Halls from this county will be tried at this term of the Sierra county court. Ex-Governor Ross has been appointed as a member of the Territorial board of equalization by Governor Prince. The fight in the election today will be on members of the board of education, and a very pretty fight it is going to be. Bert. Gilbert will commence his duties as a cadet at the United States Military Academy on the 15th of June. The board of examiners will be in session here next Saturday for the purpose of examining teachers. This will probably be the only sesion of the board until next fall. Arbor day in this county will be next Friday. Itisa little late to plant trees this year but perhaps it is better late than never. A. D. Ross who was at work at the Posey residence last week making some repairs, fell a a scaffold and was bruised up considerably. His injuries are not serouis and he is getting along nicely. The base ball fever is beginning to show itself among the local ball tossers. that Silver will It have is to better be hoped City a nine this year than it did last year. . A human fish and a monster horse were among attractions exhiweek. Silver IS bitton here last the on City rapidly putting on metropolitan airs. B.E. Hambleton, agent for the United States Life Insurance Company returned a to Paso last will from make his trip El week and headquarters here in the future. The fund for paying the expenses of the term of court is it that there is quite coming probable small will be and little civil business disposed of at the coming term of court here. Rodney G. Clark, who has been in affairs of and at charge banks here of the Deming, the went insolvent to Deming last week to meet Receiver Foster, who telegraphed that he would there on Friday. In acordance with the proclamation of the County superintendent, the Silver City public schools will observe Arbor Day with appropriate ceremonies. Exercises at m. in the school yard. All are cordially invited. M. R. KOEHLER, Sup't. The New Mexico Real Estate and Building Association has been incopW. C. porated. Smith, dauer and S. Lindauer, The P. R. incoporators Wallie, are A.Lin. P.R. Smith, Jr. The principal place of business is Deming. The Rio Mimbres Irrigation Company with a This is the stock has been of $300,000. incorporated company capital in which A. G. Spalding interested. The concert which was given by the concert Satat Morrill well Fort attended Surday evening, Bayard company Hall, last was and the performance excel. band rendered some selec. sustained its of lent. tions and The reputation was fine being the best band in this section. A. G. Spalding and party who have been in the Mimbres Valley last week where to the California big irrigation enterprise looking they there, expect went over about three weeks. A large trees will be set number the to remain land of fruit out'o irrigated by this company. The city marshal has been putting cattle in the city pound at a lively rate past few days and the will lot of stock for soon-have another the for city sale. Pythias are up at Deming in fine their hall The Knights style. fitting They expect to have the finest hall in the Territory when the grand lodge meets there this fall. Willie Lucas had a saddle stolen last He missed it as soon Tuesday as it evening. wasstolen almost and immediately went