12928. First National Bank (Silver City, NM)

Bank Information

Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
3554
Charter Number
3554
Start Date
September 1, 1891*
Location
Silver City, New Mexico (32.770, -108.280)

Metadata

Model
gpt-5-mini
Short Digest
33b9c15ba3bfa20d

Response Measures

None

Receivership Details

Depositor recovery rate
63.5%
Date receivership started
1892-02-29
Date receivership terminated
1905-09-30
OCC cause of failure
Fraud
Share of assets assessed as good
41.0%
Share of assets assessed as doubtful
55.8%
Share of assets assessed as worthless
3.3%

Description

The First National Bank of Silver City was closed by order of the Comptroller/examiner on 1892-02-04 and a receiver (Isaac M. Smith) was appointed in early March 1892. Articles report an earlier run ~5 months before the suspension precipitated by an attachment arising from a cattle deal between C. H. Dane and M. M. Chase; however the immediate action was a suspension by the Comptroller and subsequent receivership. The bank remained defunct (receiver handling collections, small dividends) β€” no reopening reported. OCR typos corrected (e.g., Lazear/Lazara; Dane sometimes printed as Cane).

Events (5)

1. September 4, 1886 Chartered
Source
historical_nic
2. September 1, 1891* Run
Cause
Bank Specific Adverse Info
Cause Details
Attachment of C. H. Dane's stock after a disputed cattle deal with M. M. Chase precipitated heavy withdrawals about five months prior to Feb 1892.
Measures
First National Bank of Santa Fe lent temporary relief to the Dane banks.
Newspaper Excerpt
This action precipitated a run on the banks some five months ago
Source
newspapers
3. February 4, 1892 Suspension
Cause
Government Action
Cause Details
Closed by order of the Comptroller of the Currency / U.S. bank examiner (action likely to avert another run and place depositors on equal footing).
Newspaper Excerpt
Under orders from the comptroller of the currency the First National Bank of Silver City ... have been closed
Source
newspapers
4. February 29, 1892 Receivership
Source
historical_nic
5. March 2, 1892 Receivership
Newspaper Excerpt
The Comptroller of the Currency has appointed Isaac M. Smith ... Receiver of the First National Bank at Deming and the First National Bank at Silver City, both in the Territory of New Mexico.
Source
newspapers

Newspaper Articles (20)

Article from Evening Capital Journal, February 4, 1892

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NATIONAL BANK SUSPENDS. DEMING, N. M., Feb. 4.-Under orders from the comptroller currency, the First National bank of Silver City, and the First National bank of this city, both under, practically the same management, are closed. The suspension was unexpected, and caused much excitement. The cause of the failure is unknown. A strong feeling of confidence among business men exists, that the bank here will pay all credItors in full.


Article from Santa Fe Daily New Mexican, February 4, 1892

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BANKS GO DOWN. The Dane Banks at Silver City and Deming and Marcy's Bank at Raton Close Their Doors. The Santa Fe banks received a wire last evening announcing that the First National bank, of Silver City, and the First National, of Deming, were closed yesterday by order of U.S. Bank Examiner J. G. Lazear, of Omaha. A formal notice from Bradstreet's to-day confirmed the news. C. H. Dane, of Deming, is at the head of both these institutions. The Santa Fe banks had no business connections with them. For the past six months these institutions have been regarded as shaky. The difficulty originated in a cattle deal be. tween Mr. Dane and M. M. Chase, of Colfax county. The latter claimed that Mr. Dane had in some manner violated their agreement and proceeded to attach Mr. Dane's stock in these two banks. This action precipitated a run on the banks some five months ago, but the trouble was tided over, the First National bank of Santa Fe lending substantial temporary relief to the Dane banks at that time. Since then, however, the banks have not been doing well and it is probable that the action of the U. S. bank examiner was prompted by a desire to avert another run and let all depositors, comparatively few in number, out on an equal footing. Vermont capitalists are stockholders in these banks, and it is thought the business can be wound up without material loss to either stockholder or depositor. RATON'S BANK CLOSED. At noon to-day came the announcement of the suspension of the Marcy, Greer & McCarn bank, a private institution, an I the only bank at Raton. This bank closed its doors this morning on the receipt of a telegram from its New York connections that its paper could no longer be honored. Things have been in a bad way with this bank for nearly a year, and its suspension is not a surprise in financial circles here. It is possible that live stock and realty investments had much to do with the crash. The amount of deposits can not now be stated. Notwithstanding it was the only bank in Coltax county it is thought comparatively few of the prominent stockmen carried their accounts there. The depositors are mostly A., T. & S. F. railroad and coal mine employes, and upon these the loss will probably fall very heavily.


Article from The Morning News, February 5, 1892

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TWO BANKS CLOSED. But 8 Meeting of Citizens Restores Confidence. DEMING, N. M., Feb. 4.-Under orders from Controller of Currency Lacey, National Bank Examiner Lazara has closed the doors of the First National Bank of Silver City and the First National Bank of Deming. The two institutions are under the control of the same president, C. H. Cane of this city, and the stockholders are largely identical, The suspension was totally unexpected and caused much excitement. There is strong confidence among business men that the banks will pay all creditors in full. So strong was this sentiment that within thirty minutes after the suspension became known a large meeting was held in the opera house, attended by all the representative men of the town. Resolutions were unanimously adopted expressing entire confidence in the solvency of the institutions, and stating that if the present management was continued all claims would undoubtedly be satisfied. This action tended considerably to allay public alarm. All the county and school funds for the district are in the banks The cause of the failure is unknown. The assets are not known, and the bank officials decline to make any statements. The capital stock of the Deming bank is $100,000, and of the one at Silver City, $50,000.


Article from The Roanoke Times, February 5, 1892

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TWO BANKS SUSPENDED. First National of Silver City and Deming, New Mexico. DEMING, N. M., Feb. 4.-|Special|Under orders from Comptroller of the Currency Lacey, National Bank Examiner Lazara has closed the doors of the First National Bank of Silver City and the First National Bank of Deming. The two institutions are under the control of the same president, C. H. Dane, of this city, and the stockholders are largely identical. The suspension was totally unexpected and caused much excitement. There is strong confidence among business men that the bank will pay all creditors in full. So strong was this sentiment that within thirty minutes after the suspension became known a large meeting was held in the opera house attended by all the representative men of the town. Resolutions were unanimously adopted expressing entire confidence in the solvency of the institution, and stated if the present management was continued all claims would undoubtedly be satisfied. This action tended considerably to allay public alarm All the county and school funds for the district are in the banks. The cause of the failure is unknown. The assets are not known, and the bank officials decline to make any statements. The capital stock of the Deming bank is $100,000, and of the one at Silyer city $50,000.


Article from Las Vegas Free Press, February 5, 1892

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THE BANK SUSPENSIONS. The First National bank, of Silver City, and the First National, of Deming, were closed yesterday by order of U.S. Bank Examiner J. G. Lazear, of Omaha. A formal notice from Bradstreet's today confirmed the news. H. Dane, of Deming, 18 at the head of both of these institutions. For the past six months these institutions have been regarded as shaky. The difficulty originated in a cattle deal between Mr. Dane and M. M. Chase, of Colfax county. The latter claimed that Mr. Dane had in some manner violated their agreement and proceeded to attach Mr. Dane's stock in these two banks. This action percipitated a run on the banks some five months ago, but the trouble was tided over, the First National bank of Santa Fe lending substantial temporary relief to the Dane banks at that time. Since then, however, the banks have not been doing well and it is probable that the action of the U.S. bank examiner was prompted by a desire to avert another run and let all depositors, comparatively few in number, out on an equal footing. Vermont capitalists are stockholders in these banks, and it is thought the business can be wound up without material loss to either stockholder or depositor. The bank of Marcy, Geer & McCarn, of Raton closed its doors yesterday on the receipt of a telegram from its New York connections that its paper could no longer be honored. Things have been in abad way with this bank for nearly a year, and its suspension is not a surprise in financial circles. It is possible that live stock and reality investments had much to do with the crash. Comparatively few of our prominent stockmen carried their accounts there. The depositors are mostly A. T. & S. F. railroad and coal mine employes, and upon these the loss will probably fall very heavily. H. L. McCarn was taken in charge this morning by Sheriff Stockton and taken to Springer, but on what charge we are unable to find out.


Article from The Seattle Post-Intelligencer, February 5, 1892

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Business Failures. ST. LOUIS, Feb. 4.-A Republic special from Raton, N. M., says: Marcy, Geer & McCann, bankers, closed their doors today and assigned for the benefit of creditors. It is thought the assets will meet the claims of depositors, which aggregate $500,000. PHILADELPHIA, Feb. 4.-The sheriff today took possession of the property of Albert Guaguies, a leather manufacturer. The liabilities are not known, but will be large. DEMING, N. M., Feb. 4.-Under orders from the comptroller of the currency, the First National bank of Silver City and the First National bank of this city, both under practically the same management, have been closed. The suspension was unexpected, and caused great excitement. The cause of the failure is unknown. A strong feeling of confidence among business men exists that the bank here will pay all the creditors in full. The assets are unknown and the officials decline to make any statement. The capital stock of the Deming bank is $100,000, and of the Silver City bank, $50,000. NEW YORK, Feb. 4.-The Stock Exchange this afternoon reinstated S. V. White & Co. as members in good standing.


Article from Los Angeles Herald, February 5, 1892

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New Mexico Banks Closed. DEMING, N. M., Feb. 4.-Under orders from the comptroller of the currency, the First National bank of Silver City, and the First National bank of this city, both under practically the same management, were closed. The suspension was unexpected and caused much excitement. The cause of the failure is unknown. A strong feeling of confidence among business men exists that the bank will pay all creditors in full. Its assets are unknown, and the officials decline to make any statement. The capital stock of the Deming bank is $100,000, and of the Silver City bank $50,000.


Article from The Morning Call, February 5, 1892

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Banks Closed. DEMING (N. Mex.), Feb. 4.-Under orders from the Comptroller of the Currency, the First National Bank of Silver City and the First National Bank of this city, both under practically the same management, have been closed. The suspension was unexpeeted, and caused much excitement. The cause of the failure is unknown. A strong feeling of confidence among business men exists that the bank here will pay all the creditors in fuil. The assets are unknown, and the officials decline to make any state-


Article from Morning Journal and Courier, February 5, 1892

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TWO BANKS CLOSED. The First National of Silver City and of Deming, N. M., Ordered to Stop Business. DEMING, N. M., Feb. 4.-Under orders from Cromptroller of Currency Lacey, National Bank Examiner James B. Lazara yesterday closed the doors of the First National bank of Silver City and the First National bank of Deming. The two institutions are under the control of the same president, C. H. Dane of this place, and the stockholders are largely identical. The suspension was totally unexpected and caused much excitement. There is a strong feeling of confidence among the business men that the bank here will pay all creditors in full. The cause of the failure is unknown. Many rumors are afloat but it is impossible to place credence in them. The assets are not known, and the bank officials decline to make any statements. The capital stock of the Deming bank is $100,000, and that of the bank at Silver City $50,000.


Article from The Wheeling Daily Intelligencer, February 5, 1892

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A BANK FAILURE HOW Hiw Causes Grent Excitement, But Business Men are Hopeful. DEMING, N, M., Feb. 4.-Under orders of Comptroller of Currency Lacey, Bank Examiner Lara has closed the doors of the First National Bank of Silver City and the First National Bank of Deming. The two institutions are under the control of the same president, C. H. Dane, of this place, and the stockholders are largely identical. The suspension was totally unexpected and caused much excitement. There is a strong feeling of confidence among the business men that the bankhero will pay all creditors in full. So strong was this sentiment that within thirty minutes after the suspension became known a large meeting was held in the opera house, attended by the representative men of the town. Resolutions were unanimously adopted expressing entire confidence in the solvency of the institution, and stating that if the present management was continued all claims would undoubtedly be satisfied. This action tended considerably to allay public alarm. All the Grant county and school funds of the district are in the bank. The cause of the failure is unknown. Many rumors are afloat, but it is impossible to place credenco in them. The assets are not known, and the bank officials decline to make any statement. The capital stock of the Deming bank is $100,000, and of the one at Silver City $50,000.


Article from Santa Fe Daily New Mexican, February 19, 1892

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OFFICIAL NEWS. A Penitentiary Commissioner and District Attorney Named by the Governor-Gossipy Notes. The governor has just made two inportant appointments. One is of Thomas McQuiston as penitentiary commissioner in place of Hon. T. D. Burns, resigned. Mr. McQuiston is a resident of Rinconada, Rio Arriba county, where he is the leading merchant and has an extensive orchard. He was strongly recommended by Mr. Burns as his successor, and has the confidence and respect of all the people in the upper Rio Grande valley. In the district composed of Lincoln, Chavez and Eddy counties, District Attorney Hawkins resigned, owing to the pressure of his private practice. There were several candidates for the position, but the claims of Lincoln county seemed indisputable, both because it is the mother county and has the bulk of the population, and also because the Pecos valley had the last district attorney. The Republicans of Lincoln, so far as heard from, all united in asking the appointment of George B. Barber, the oldest atterney there, he being endorsed by both members of the territorial committee, the chairman of the county committee, the editor of the Republican county paper; Mr. Barber has accordingly been appointed. Governor Prince expects to leave for the Trans-Mississippi congress this evening in order to be at New Orleans at the opening on Tuesday morning. This bids fair to be a very important meeting, and it seemed necessary that the territory should be represented. It is understood that the governor proposes to bring up the matter of New Mexico statehood and have a resolution passed on the subject, as well as present the facts of the case as forcible as possible to the congress. The alien law, and limitation of ownership of domestic corporations will also receive attention, and the irrigation question will be discussed at length. It is hinted as likely that Hon. Trinidad Alarid, of Santa Fe, formerly territorial auditor, will be appointed by the comptroller of the currency to be receiver of the First National bank at Silver City. Under the law no stockholder, creditor or debtor of the bank, nor resident of the town wherein the bank is located, is qualified to act in the capacity of receiver. Great news gatherer, the Associated Press is. On Saturday the 13th inst. a few Indians on the Mescalero reservation got hold of liquor and engaged in a quarrel among themselves resulting in the death of tour bucks. Last Monday the news was published all over the west but the Associated Press sent it out from Washington city yesterday as fresh news. The governor has offered a reward of $100 for the capture and conviction of Jose Reyes Anzera, a pueblo Indian, indicted in Bernalillo county for the murder of Remijio Abeytia, also an Indian, in January, 1891. U. S. patent for the land on which H. G. Whitcomb resides near Albuquerque (that includes the famous Whitcomb's summer resortin the Sandias) has arrived at the local land office. New pensions have been granted the following residents of New Mexico: Anastacia Cordova, Juan Valencia, Miguel Sanchez, David Kinsey, David Long. A notice from Commissioner Carter announces that the U. S. land office at Folsom will be closed on April 6 and opened at Clayton on April 14.


Article from The Morning Call, March 2, 1892

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The following Postmasters were appointed to-day: A. V. Axteil, at Axtell, Benton County, Oregon, vice J. Axtell, resigned : N. C. Dale, at Mist, Columbia County, Oregon, vice C. Jones, resigned; A. H. Boothby, at Prospect, Jackson County, Oregon, vice S. S. Aiken, resigned; E. F. Cassel, at Chico, Kitsap County, Wash., vice G. L. Seymour, resigned. The Comptroller of the Currency has appointed Isaac M. Smith of Mcludoes Falls, Vt., Receiver of the First National Bank at Deming and the First National Bank at Silver City, both in the Territory of New Mexico. A postoffice has been established at Brownell, Siskiyou County, California, Sarah


Article from The Providence News, March 2, 1892

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Vermont Man Given Office, WASHINGTON, March 2.-The controller of the currency has appointed Isaac M. Smith of McIndoes Falls, Vt., receiver of the First National Bank of Deming, and of the First National Bank of Silver City, both in New Mexico.


Article from Bellows Falls Times, March 10, 1892

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= Newport is making another effort to secure a United States public building. 1 Middletown Springs began the year with a surplus of $788.24 in the treasury. i West Dummerston selectmen have decided to build a bridge across West s river. 1 May's bobbin factory at North Troy turned out 90,000 of the wooden product last week. Ernest Booth of Essex Junction has been appointed assistant superintendent of the state reform school. t In school district No. 2 of East Poultney there are 350 inhabitants, 14 of whom are 90 years old or more. ] By the will of the late Judge Asa o. Aldis, St. Albans receives land known as Aldis hill for a public play-ground. t W. H. Mart of Burlington has a pair of suspenders that were made for his I great grandfather, and are 150 years old. I Washington county Good Templars in have adopted a resolution against the opening of the Columbian exposition on Sunday. on Col. William C. Holbrook, formerly colonel of the 7th Vermont regiment, i has been elected president of the 19th Army corps. ] A special town meeting has been called at St. Albans to see if the town will exempt the Vermont Construction company from taxation for five years. Trapper O. A. Chase of Hartland caught a silver gray fox the other day which is a very rare thing in this country. It is worth from $40 to $100. 1 Mr. and Mrs. E. B. Baldwin of Sharon , celebrated their golden wedding anniversary recently. All of their children, 10 in number, and four grandchildren were I present. . The comptroller of the currency has appointed Isaac M. Smith, of McIndoes Falls, receiver of the First National bank of Deming and of the First Naa tional bank of Silver City, both in the territory of New Mexico. ] The summary of the postoffice business I at Bennington for the year ending Decem8 ber 31, 1891, shows gross receipts of $12,059.19 and the expenses, $8438.80, of 1 which $3016.80 was for free delivery ser03 vice, leaving a net revenue to the government of $3618.39. The total amount for t the money order and registry division is 8 $33,497.29 for 4896 transactions. Regis8 tered letters and parcels handled, 2633. The death of Mrs. Smith of North I Bennington was announced and the funeral was to have occurred the 21st. On i Saturday, as the friends were in the room with the body, their astonishment was beyond description when she whom t they mourned as dead arose to a sitting posture and wildly exclaimed, "Are you going to bury me alive?" Mrs. Smith is t at present, insane from the effect of the strain upon her nerves while she lay apparently unconscious, but cognizant of all that transpired around her.


Article from Southwest-Sentinel, September 20, 1892

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TERESA B. WHITE, Private and Class Lessons given in Drawing and Painting. Bullard Street, SILVER CITY, N. M. Anxions for Dividends. Last Tuesday evening there was a meeting of depositors in the defunct First National Bank of this city at C. C. Shoemaker's store. The meeting was called to talk over the situation and see whether any additional information could be obtained BB to the condition of affairs. Dr. Louis RΓ©nnon was elected chairman of the meeting andstated the object for which it wascalled. It was suggested that as the receiver of the bank was iu town he might be able to give some information as to the condition of the affairs of the bank. A committee was accordingly appointed to wait on the receiver and request him to come to the meeting and explain the situation as far as possible. He was found in consultation with Col. Pickett and said that he would come in a few minutes. While waiting for the receiver the depositors talked over the situation and interesting information in reference to the Deming bank which is largely indebted to the defunct bank here was given by Col. Lockhart. When the receiver arrived the chairman stated to him the object of the meeting and said that the depositors were anxious to know what the prospeots of a settlement with the depositors were. The receiver stated that he came here a short time before the opening of the spring term of court here and did not care to commence suits at that time, but that every effort had been made to collect the notes due the bank. He said that some money had been collected and that about $13,000 had been sent to Washington. He had commenced no suits yet but proposed to sue those who did not pay. The statement that only about $13,000 were available for the payment of liabilities aggregating about $96,000 fell like a wet blanket on the meeting. Some one asked if an assessment had been levied on the stockholders of the bank here and the receiver replied that no assessment had been levied although he had recommended it. He stated that an assessment of 82 per cent. had been levied on the stockholders of the First National Bank at Deming and that a considerable sum had been paid in. He B estimated that an assessment of 100 per cent. on the stockholders of this bank would bring in about $30,000. He stated r e that he had recommended to the comptroller of the currency about a month o ago that an assessment be levied but f that the comptroller thought an assess0 ment at that time would be premature. In reply to a question as to whether a 0 petition, signed by the depositors, would have any effect on the comptroller he stated that he thought it would not. The receiver was given a vote of thanks B for the information which he had given d. and he retired. The depositors were not at all pleased with the situation and t decided to use every means to induce the comptroller to levy an assessment. A n committee was appointed by the chairk man, to which the chairman was added by a vote of the depositors, to communicate with the comptroller in reference BY to the matter. The committee was 0 giveu full power to represent the depositors and a determined effort will be made to protect the depositors in the bank. a t The receiver refused to give any infor 8. mation whatever to any of the depositors in reference to the notes held by the D bank 80 that they might form an idea as o to whether the notes were good or not, y except that he said that C. H. Dane had borrowed of the bank all that the law allowed him to borrow, But did not state R whether he had borrowed more than the y law allowed him to borrow. o It has been more than seven months and & half since the bank failed, and as e there was considerable cash on hand when the doors of the bark were closed. it appears that collections have been e pretty small for that length of time y The receiver volunteered the opinion y that the depositors would be paid in full h e in time but the depositors do not appear to share this opinion. Thomas Foster has purchased the I. O. 0. F. building and will repair it im ge mediately. The lower floor will be fitted in up for a plumbing shop and quarters fo or the water company and the second floor as will be rented to one of the I. O. O. F al lodges. et Silver City Gets Second Please


Article from Southwest-Sentinel, September 27, 1892

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Personal. J. R. Johnson was down to Hadley last week. Hyman Abraham and family have gone to San Francisco. Idus L. Fielder has returned from a trip to Gold Hiil. John H. Lester was in from the Mimbres last Saturday. J. H. Mathews made a flying trip to Deming last Friday. Judge Bantz was up to Pinos Altos yesterday on business. E. B. Chase returned from a trip to Las Cruces last week. Mrs. J. A. Harlan, of Rincon, was visiting in the city last week. A. B. Laird is in the city doing some very earnest campaign work. Prof. G. W. Miles is out in the country looking after his political interests. T. N. Childers, republican candidate for assessor, was at Deming last week. Horace Gerber was in the city last week. He is engaged in mining in Mexico. Miss Emma Williams, who has been visiting Mrs. A. J. Loomis, has returned to Fort Smith, Ark. Rev. Pierce expects to leave for the east next week. He does not intend to return to Silver City. Mrs. Harry W. Lucas, who has been in the east for several months, returned home last Friday Isaac M. Smith, receiver of the First National Bank of this city was here from Deming last Friday. W. F. Aiken was out last week feeling the public pulse in reference to the nomination for probate clerk. M. W. Porterfield, repuplican candidate for probate judges was out on an electioneering trip last week. J. W. Gillett was down in the southern part of the county last week looking over the political situation. Judge James Mullen has gone to Colorado on a visit to his children. He has not seen them for several years. J. M. Fritter has returned from Raton where he attended the session of the grand lodge of Knights of Pythias. Miss Callie Gerber, who has been visiting her brother in law, J. E. Sheridan returned to her home in Ohio last Tuesday. S. E. Gill, of Pittsburgh, was in the city last week. He is one of the purchasers of the Jim Crow mine in the Steeple Rock district. Miss Kate Thompson, who is spoken of a candidate for superintendent of schools before the coming democratic convention, visited Deming last week. Perry B. Lady will visit several of the precincts in the county this week. He will be elected to the legislature from this district by a handsome majority and there will be a Lady in the legislature next winter for the first time.


Article from Southwest-Sentinel, October 4, 1892

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Personal. B. T. Link is in the city from the Mimbres. C. F. W. Schmidle is in the city from the Burros. H. H. Betts has purchased the residence occupied by C. P. Crawford. E. L. Hall, candidate for the council from this district, was in the city yesterday. Road Supervisor Durkee is doing some substantial work on the streets of this city. Fred. M. Smith, of the firm of Smith & Fleishman, of Deming, arrived Saturday afternoon. Jno. J. Quinn, one of Deming's leading merchants, attended the democratic primary here Saturday evening. J. J. Kelly went to Albuquerque last Sunday morning to attend the session of the Masonic grand lodge there. Mrs. C. A. Thompson is visiting at Nashville, Tenn. She will be absent about two months. Isaac M. Smith, receiver of the First National Bank of this place was here looking after bank matters last week. Mrs. Achison, who is well known in society circles here, was married to Mr. Ingraham, of Chicago, on the 21st. ult. Prof. G. W. Miles returned last Thursday evening from a trip through the precincts in the eastern part of the county. R. H. Speed, of the Round House ranch, has purchased an interest in McMillen's meat market and will remove to this place. Telegraph Operator Gray of the Western Union office here went to Albuquerque last week. He expects to remove there soon with his family. Alvin F. Sortwell, of Boston, one of the members of the Maud S. Mining company arrived here last week and went out to Silver Creek to the mine. J. H. Mudge, agent of the Atchison, Topeka and Santa Fe company here has returned from Chicago where he was married recectly and has resumed his duties. Mr. and Mrs. Mudge are living in the Langer residence on Bullard street.


Article from Southwest-Sentinel, November 22, 1892

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Silver City. 8:45 a. m Deming. 11:15 Nutt 11:25 Rincon 12:20 p. m. Las Cruces. 1:45 El Paso. 3:20 Kansas City 3:45 Chicago... 6:25 p.m. 7:00 a. m. 8:03" OTTO ARNOLD, Agent. There was a dance at Morrill Hall last Friday evening. Several aspirants are already in the field for the Silver City post office. After the first of January the treasurer's office will be in Silver City. The board of County commissioners will meet today. Judge Ginn is acting district attorney in the absence of District Attorney Ancheta. The people of Deming are still waiting for work to be actively commenced on the new railroad into Mexico. Hunters are beginning to bring in deer from the mountains. They seem to be plenty this year. There has been no Indian news for the past few days and theKid and his band are supposed to be in hiding in the mountains. Taxes have been coming in very slowly this year and there will be a large delinquent list when Sheriff Lockhart goos out of office. To Let-a number of U. S. post offices, after March 4th, 1893. For terms and conditions apply to G. Cleveland, Washington, D. C. G. W. Miles, superintendent of schools of this County has just finished his annual report to the Territorial superintendent. A city pound has been built near the residence of Martin Maher. Stray stock will be fed and watered there at the expense of the owners. Tickets will be sold at reduced rates to El Paso for the silver convention which opens there December 5. Entertainment at Pinos Altos on Thursday night next. Everybody invited. Admission free. The coal famine in southern New Mexico is at an end. Work has been resumed in the mines at Cerrillos and all orders are being promptly filled. Next Sunday evening it is expected that there will be a brilliant display of meteors. The sight will be worth looking at. Charles M. Shannon, formerly a resident of this city, was elected to the Arizona legislature, from Graham county, at the late election. Three out of every four men you meet on the streets, wearing new hats, are democrats. They are wearing them to please their republican friends. John A. Moses will soon remove to the Gila, where he will take charge of the business of the Lyons & Campbell Cattle Company. The company's office here will be discontinued. There has been some complaint about the apportionment of school money. School funds should be apportioned so that there may be no difficulty in keeping the schools in session. This is the quietest term of court which has been held in Grant County in recent years. There is no grand jury and consequently no witnesses were summoned to testify in cases awaiting the action of the grand jury. The citizens of Oak Grove voted for a justice of the peace at the recent election. They were not aware of the fact that the law provides for the elction of justices of the peace in January. The board of County commissioners took no notice of the vote for justice of the peace in Oak Grove precinct. Considerable civil business has been disposed of at the present term of court and it is expected that the civil docket will be pretty nearly cleared up before court adjourns. The interest on the bonds of this County, which fell due last July, is still unpaid. It is not a very high compliment to Grant County to have the interest on its bonded indebtedness defaulted for nearly five months. The receiver of the First National Bank of this city has a number of cases in court which were brought on overdue notes held by the bank. Holders of certificates of claims against the First National Bank of this city can get checks for the first dividend of 20 per cent. by presenting the certificates at the bank and signing receipts for the checks. A new time table will go into effect on the A., T. & S. F. next Sunday. The time between this place and Chicago will be shortened considerably. Quite a number of residents of this city have signified their intention of attending the Silver Convention at El Paso which onens on the 5th of December


Article from Southwest-Sentinel, December 13, 1892

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The receiver of the First National Bank of this city has given up the room which has been occupied by him and all persons who have papers in the vault should call and get them at once.


Article from Western Liberal, February 10, 1893

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Isaac M. Smith, the receiver of the defunct banks of Silver City and Deming, died at his home in Vermont on the 26th. Mr. Smith went home to spend the holidays. He caught a severe cold, which turned into pneumonia, causing his death. A meeting of the depositors of the First national bank of Silver City was held this week at which a resolution was passed asking the comptroller of the currency to appoint a man in Mr. Smith's place who was not a stockholder in either bank. It is thought that a non stockholder would be a little more anxious to pay dividends and not quite so anxious to save the stockholders' pockets.