1333. Western Bank (Denver, CO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
August 8, 1905
Location
Denver, Colorado (39.739, -104.985)

Metadata

Model
gpt-5-mini
Short Digest
195ab9d6

Response Measures

Full suspension

Other: Assignment to an assignee (Henry/Frank Beatty) and later replacement by Continental Trust company; criminal charges against officers.

Description

Multiple contemporary articles (Aug 9, 1905) report a slight run beginning the day before and that the Western Bank failed to open on Aug 9 with an assignee appointed. The bank remained in assignee/receiver hands, officers were later arrested, assets were sold and dividends declared during receivership. I classify the immediate cause of the run/suspension as contagion from runs on other Denver savings institutions (articles link the disturbance to runs on Denver Savings Bank and Central Savings Bank, and shared interests via Imboden).

Events (4)

1. August 8, 1905 Run
Cause
Local Banks
Cause Details
Run was initiated amid resumed runs on Denver Savings Bank and Central Savings Bank; shared stockholder interests (Imboden) linked the banks.
Newspaper Excerpt
A slight run was started at the Western Bank yesterday.
Source
newspapers
2. August 9, 1905 Receivership
Newspaper Excerpt
A notice was posted announcing that Henry M. Beatty ... had been appointed assignee. Frank Beatty is assignee of the Western bank. ... assignee's hand(s).
Source
newspapers
3. August 9, 1905 Suspension
Cause
Local Banks
Cause Details
Bank failed to open and placed in assignee's hands amid contemporaneous runs on other Denver banks and fears spread because of common interests and the Imboden connection.
Newspaper Excerpt
The Western Bank, a state institution, failed to open this morning. A notice was posted announcing that Henry M. Beatty ... had been made assignee.
Source
newspapers
4. December 14, 1906 Other
Newspaper Excerpt
District Judge John I. Mullins today accepted the offer ... of $108,350 for the entire assets of the Western bank, which failed about a year ago. ... receiver to declare a dividend of 20 per cent ... making in all 70 per cent declared since the receivership.
Source
newspapers

Newspaper Articles (22)

Article from The Roswell Daily Record, August 9, 1905

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Western Bank Fails. Denver, Colo., Aug. 9.-The Western Bank, a state institution, failed to open this morning. A notice was posted announcing that Henry M. Beathy, assistant cashier, had been made assignee by W. G. Brown, president. No statement from the officers of the bank was forthcoming during the forenoon, but they announced that one would be made later. According to the bank's statement of July 1, 1905, its resources and liabilities had shrunk during the previous year from $928,386 to $816,465. The amount of deposits July 1st was $614,676, and the loans and discounts were $642,658. The bank's capital is $100,000 and the surplus $10,000. L. A. Imboden, one of the principal stockholders in the Denver Savings Bank, on which a run is being made, recently acquired an interest in the Western Bank. The Denver Clearing House Association refused assistance to the Western Bank yesterday.


Article from The Fairmont West Virginian, August 9, 1905

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Denver Savings Bank opened its doors at 10 A. M. and the blg run started Monday afternoon was resumed. A slight run was started at the Western Bank yesterday afternoon: Leonard Imboden, the power behind the Denver Savings Bank, a short time ago held a heavy interest in the Western but is said to have sold out. The statement is now made that both of the banks have close Interests in common. There is much talk of asking Governor McDonald to at once summon the Legislature to pass adequate laws for the protection of depositors and cred itors of savings and loan associations, It was only a few months ago that the Fidelity Assurance Society; of Detiver, failed for almost a million dollars, nine-tenths of the losers being from the working classes.


Article from East Oregonian : E.O, August 9, 1905

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DENVER BANKS IN TROUBLE. Stan on One Bank and Another Closes Down Denver. Aug. 9.-As early as 6 this morning the savings and commercial depositors with the Denver Savings bank began forming in line and by eight fully 500 are waiting the opening of the doors. The Western bank closed its doors at 10 o'clock and is in the hands of an assignee. A slight run was started on it yesterday. Leonard Imboden, the power behind the Denver Savings bank, a short time ago held a heavy Interest in the Western, but it is said to have sold out. The statement is made that both banks have close interests in 'common. Frank Beatty is assignee of the Western bank. Aj large crowd of angry depositors are at the deors, making threats against the officers.


Article from Alexandria Gazette, August 9, 1905

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Bank Closed. Denver, Aug. 9.-The Western Bank has closed its doors and is now in the hands of an assignee. The Denver Savings Bank opened its doors at 10 a. m., and the big run started Monday afternoon was resumed. A slight run was started at the Western Bank yesterday afternoon. Denver, Aug. 9.-Leonard Imboden, the power behind the Denver Savings Bank, a short time ago held a heavy interest in "the Western, but is said to have sold out. The statement is now made that both of the banks have closed interests in common.


Article from The Seattle Star, August 9, 1905

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CHILDREN BURY PLAY MATE ALIVE. MANSFIELD, 0., Aug. 9.By playing "burying" Raymond Woodward, aged 3, and Howard Straub, aged 4, caused the death of 6-year-old Corman Stimens, and then, in childish glee, ran away and told what they had done. The three children. playing in a sandbank, conceived the idea of partly burying each other, and dug a hole for the purpose. The Stimens lad fell into the hope while walking around It. His playmates threw sand in upon him. His efforts to get out only served to draw more sand in upon him. Finally, when they could no longer see him or hear his cries, the two ran across the street, where some men were working, and said: "He's dead now. We've buried him." A physician worked over the child for hours, but he was beyond aid, and died. The lads who caused the doath of their playmate are still unable to realize what they have done. PORTSMOUTH, Aug. 9.-King Edward reviewed the French English fleet, comprising 70 ships, today, it being the anniversary of his coronation. The weather was gloomy, but immense crowds were ashore and a great number of excursionists witnessed the event, which lasted an hour. The French fleet entered the harbor. DENVER, Colo., Aug. 9.-The Western bank closed its doors at 10 o'clock and is in the hands of an assignee. A elight run started on It yesterday.


Article from The Seattle Star, August 9, 1905

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DENVER, Colo., Aug. 9.-The Western bank closed its doors at 10 o'clock and is in the hands of an assignee. ^ nlight run started on It yesterday.


Article from The Evening Statesman, August 9, 1905

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Run on Denver Bank Continues. DENVER, Aug. 9.-As early as 6 o'clock this morning the savings and commercial depositors of the Denver Savings bank began forming in line and by 8 o'clock there were fully 500 waiting for the opening of the doors. The Western Bank closed its doors at 10 o'clock and is now in the hands of an assignee. A slight run was started on it yesterday. Frank Beatty is assignee of the Western bank. A large crowd of angry depositors are at the doors making threats against the officers of the bank.


Article from The Times Dispatch, August 10, 1905

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party will be given to-night at the corner of Laurel and Spring Streets. DEPOSITORS BESIEGE BANK IN DENVER (By Associated Press.) DENVER, COL., August 9.-The Western Bank, a State institution, failed to open to-day. It is understood that a run on the bank was feared. The run on the Denver Savings Bank, which began yesterday, was resumed today. There was also a run on the Central Savings Bank.


Article from Ottumwa Tri-Weekly Courier, August 10, 1905

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NEW FAILURE A SECOND DENVER BANK CLOSES DOORS-THE RUN CONTINUES. Denver, Aug. 9.-The Western bank, a state institution, failed to open today. It is announced that Henry M. Beatty, assistant cashier, has been appointed assignee. The Western bank's deposits are about $1,000,000. Run Continues. The run on the Denver savings bank, which began yesterday, was resumed today. The Central Stops Run. The Central Savings bank also experienced a run today, but paid its depositors in full on demand.


Article from The Bemidji Daily Pioneer, August 10, 1905

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DENVER BANK SUSPENDS. I State Institution Fails to Open Its Doors. Denver, Aug. 10. - The Western bank, a state institution, failed to open during the day. A. notice was posted announcing that Henry A. Beatty, assistant cashier of the bank, had been appointed assignee. W. G. Brown is president and W. T. Perkins cashier of the Western bank. Up to 11 o'clock no statement was made by the officers of the bank. It is understood that a run on the bank was feared, as L. A. Imboden, one of the principal stockholders of the Denver Savings bank, on which a run is being made, is also interested in the Western. The Western's deposits are in the neighborhood of $1,000,000.


Article from The Salt Lake Herald, August 10, 1905

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WESTERN BANK FAILS TO OPEN Run Upon Other State Institutions in Denver. SOME HIGH FINANCIERING CAREER OF ONE OF THE PRINCIPAL STOCKHOLDERS. ENVER, Aug. 9.-The Western bank, a state institution, failed D to open this morning. A notice was posted announcing that Henry H. Beatty, assistant cashier of the bank, had been appointed assignee. W. G. Brown is president and W. T. Perkins cashier of the Western bank. No statement from the officers of the bank was forthcoming during the forenoon, but they announced that one would be made public later in the day. According to the bank's statement. made on July 1. 1905. its resources and liabilities had shrunk during the previous year from $928,386 to $816.465. The amount of deposits on July 1 last was $614,676 and the loans and discounts were $642,658. The bank's capital is $100,000 and its surplus $10,000. It is said L. M. Imboden, one of the principal stockholders of the Denver Savings bank, on which a run is being made. recently acquired an interest in the Western bank. Run on Other Banks. The run on the Denver Savings bank, which began yesterday, was resumed today. There were about 300 people in line when the bank opened at 10 o'clock. The bank continued paying 10 per cent of the deposits. VicePresident F. P. Jones made the following announcement: The public is assured, on the honor of the management of this bank, that there is absolutely no occasion for any uneasiness as to the bank's condition. The Denver Savings bank has cash on hand to pay to its depositors every cent due on commercial deposits, and all that the savings depositors can call for up to the full limit." The Central Savings bank is also experiencing a run, but is paying all depositors in full on demand. Simply an Assignment. Waldron, Thompson and Blankney. attorneys for the Western bank, stated this afternoon that there would be no proceedings in court as an assignment can be made without application to a court. "The bank was advised," said a nber of the firm, "to make an asament to protect itself and its depositors. There is no cause for uneasiness." The Denver Clearing House association, it was announced, had refused assistance to the Western bank on account of the security offered. None of the Denver national banks are affected in the least by the embarrassment of the Imboden institutions. How Imboden Got In. The Times says: "Imboden is said to have secured control of the stock of the two banks, (the Western and the Denver Savings). without a dollar of investment. He bought the holdings of Former President Wilfley of the Denver Savings bank, which were hypothecated in New York, assuming Wilfley's note, it is claimed. Within the past six weeks he is understood to have borrowed from the Denver Savings $61,000, with which he purchased control of the Western, putting up as collateral with the Denver the stock of the Western." H. M. Beatty, the assignee of the Western. is treasurer of the local order of Eagles. A few days ago the Eagles drew out about $25,000, leaving a small balance to cover outstanding checks. Last Statement. The last statement of the condition of the Western bank, made at the close of business July 3, 1905, was as follows: Resources-Loans and discounts, $642,658: overdrafts. $18,157; furniture and fixtures. $15,000; real estate, $23,366: stocks, securities, etc., $7,313; due from national and state banks, $72,632; cash and cash items, $37,336; total, $816,465. Liabilities-Capital stock paid in $100,000: surplus fund, $10,000: undivided profits, $30,215; due depositors, $614,676; due toe state banks, $61,572; total, $816,465. A meeting of depositors of the bank was held tonight and a committee of three appointed to investigate the condition of the bank, along with work of the assignee in that direction. The latter announced tonight that he would give out a statement concerning the affairs of the bank in a day or two.


Article from The Cairo Bulletin, August 10, 1905

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Batteries-MeFarland, Taylor and 1 Grady; Scanlon and Bergen. a R. H. E. S 11 1 1 Cincinnati 3 7 3 Philadelphia Batteries-Chech and Schlel; Duggleby: and Abbort. DENVER bank IN ASSIGNEE'S HANDS r Denver, Aug. 9.-The Western bank closed its doors this morning. and is now in the hands of an assignee. The bank opened its doors at 10 o'clock and the big run started Monday afternoon was resumed. A slight run was started at the Wesern bank yesterday afternoon. There is much talk of asking Gov. McDonald to at once summon the legislature to pass adequate laws for the protéction of the depositors and creditors of savings and loan associations. It was only a few months ago that the Fidelity Assurance society of Denver failed for almost a million dollars, nine-tenths of the losers be ing from the working classes. Leonard Imboden. the power behind the Denver Savings bank, short time ago held a heavy interest in the Western. but is said to have sold out. The statement is now made that both of the banks have close interests in common. The assignee of the Western bank is Frank M. Beatty. There is a large crowd of angry depositors outside, who are making dost the officers. No state at this time,


Article from The News & Observer, August 11, 1905

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LUMINA makes Wrightsville popular. RUN ON BANKS CONTINUE. The eWstern Bank at Denver Failed to Open Yesterday. (By the Associated Press.) Denver, Colo., Aug. 9.-The Western Bank, a State institution, failed to open today. A notice was posted announcing that Henry M. Beatty, assistant cashier of the bank had been appointed assignee. It is understood that a run on the bank was feared as L. A. Imboden, one of the principal stockholders of the Denver Savings Bank, is also interested in the Western. The Western's deposits are in the neighborhood of $1,000,000. The run on the Denver Savings Bank, which began yesterday, was resumed today. The bank continued paying 10 per cent of deposits. There was also a run on the Central Savings Bank.


Article from Barton County Democrat, August 11, 1905

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Western Bank Closed. Denver, Colo., Aug. 9 -The - Western. Bank, of this city, is now closed in the hands of au assignee. A slight run was started on the Western yesterday. A large crowd of depositors in the Western are threatening violence to the officers. Calls at the door are unanswered, and policemen stand at the doors and guard them. No statement is procurable.


Article from The Plymouth Tribune, August 17, 1905

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WESTERN. Mayor Dunne of Chicago declares the initiative and referendum is destined to sweep away graft and cure civic ills. Orrin W.Potter, steel trust millionaire of Chicago, has wedded Mrs. Bell, a former hairdresser, and sailed for Europe. Eugene C. Schmitz, the union labor mayor of San Francisco, was beaten at the primaries by the reform Republicans. Thomas Taggart closed his big casino at French Lick, Ind., when it was reported that Gov. Hanly was planning an attack on it. Charles F. Pfister, the Milwaukee magnate indicted on a graft charge, has begun a civil suit against his accusers as an act of defiance. Heavy tornado losses at Kokomo, Ind., have revived discussion of the rate, company representatives alleging that it is wholly inadequate. Mrs. Hannah Baker of Salinesville Ohio, is recovering from whooping cough contracted from her grandchildren. Mrs. Baker is 82 years old. Dissensions among the stockholders started a run on the Denver savings bank, and the officers pat the 10 per cent rule in force at once. George Johnson and William James were killed by lightning near Cushing, O. T. The men were standing under a tree which the lightning struck. Boston was selected as the meeting place for the twenty-first annual convention of the American Philatelic Association at the session in Minneapolis. The English walnut crop of Ventura county, California, will be only half, or at most two-thirds, of that of last year when 150 carloads were shipped. Chicago's big teamsters' strike, for which Shea, in his speech, accepted responsibility, cost $110,620, according to the union finance committee's report. Mayor Dunne's residence in Chicago was entered by bold burglars, who carried away $75 worth of property after being frightened by one of the servants. Clyde Cochran had a vivid dream in Springfield, Ohio, that the house was on fire the other night and jumped from the second floor to the ground. He was badly injured. William Allen White, in discussing the visits of Lawson and Jerome to the West, says they found a satisfied people and that all the ferment over present conditions in the East. Elford Preston, the last survivor of the twenty men who met in Philadelphia on May 29, 1854, and organized the Republican party, was buried Friday in Sumner, Iowa. He was 75 years old. The snake car of the Gaskill Carnival circus caught fire while near Brownsville, Neb., and the big boa and minor snakes escaped to the bushes, where the keepers had a hard time to capture them. Inga Hansen, convicted of perjury some months ago, in Chicago, was taken to the penitentiary Monday, her condition being such that she remained in an invalid's chair during the trip. Charles Hinckle, Jr., son of Charles Hinckle, a wealthy retired merchant of Radnor, Pa., has committed suicide at Los Angeles, Cal., by taking cyanide of potassium. Despondency is the supposed motive. Following the run on the Denver Savings Bank, Denver, Colo., the Western Bank, a State institution, closed its doors. Leonard B. Imboden. the "Texas plunger," is said to be responsible for the failure. General Joseph H. Lyon of LeavenP worth, Kan., has been appointed temporary major general of the uniform rank, Knights of Pythias, to fill the vacancy caused by the death of Gen. James R. 3: Carnahan. 5 The Oregon anti-scalping law regarding railroad tickets has been sustained by the State Circuit Court, and nineteen Portland brokers, who were arrested. have given up the contest and will go out of business. Oscar Benson, a Chicago policeman, shot and killed Mathias Mamer, woundS. ed a clerk in Mamer's store, and committed suicide, the tragedy following Mamer's charge that Benson had stolen three watches. William Warner, United States Senad tor from Missouri, was caught in a somve nambulistic walk on a Burlington sleeper early the other morning. He was standing off an applicant for office when awakened by the porter. William E. Curtis writes that one of the most serious objections to the admission of New Mexico to the Union is that Id a considerable portion of the territory is held in large tracts by corporations and individual owners. Attorney General Moody ordered the United States attorneys in the Northwest to investigate the interruption of the telegraph service as a result of the strike of telegraphers on the Great Northern and Northern Pacific railroads. A destructive hailstorm passed over Bottineau, McHenry, Rolette, Fierce and Benson counties. North Dakota, Mon


Article from Rocky Ford Enterprise, August 18, 1905

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BANK OFFICERS ARRESTED. Further Developments in Denver Financial Muddle. Denver, Colo., Aug. 11.-The News this morning says: As a result of the assignment of the Western bank, W. G. Brown, president; B. F. Blair, cashfer: H. M. Beatty, assistant cashier, and Mark F. Postlewalt, clerk. were arrested last night charged with larceny as bankers. A warrant was also issued for W. T. Perkins, vice president, but not served. as Perkins is now in the East. The complaints were sworn out by Elmer D. McColly. who deposItem $120 in the Western bank on Monday afternoon. The Niles & Moser Cigar Company has brought sult against the defunct Western bank to have the deed of as. signment set aside and a receiver ap. pointed for the assets. In the complaint the officers and directors of the bank are specifically charged with fraud in conspiring and confederating to divest themselves of liability by selling a controlling interest to Imboden, whom they knew to be a convict and lacking in financial responsibility. B. F. Blair, cashier of the defunct bank. who is avowedly friendly to Imboden and looking after his interests, made serious charges against the offlcials of the Denver National bank and also those of his own institution. He says they brought about the assignment of the bank in order to oust Imboden and ruin him in Denver. The charge is strongly denied by John C. Mitchell, cashier of the Denver National bank. Mark F. Postlewait charges that there has been much internal corruption in the Western bank. John H. Chiles, assistant district attorney, states that the accused men will be vigorously prosecuted, and that If the Denver Savings bank closes its doors the officers of that bank will be arrested and prosecated the same as those of the Western bank.


Article from Arizona Republican, August 23, 1905

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A TAINTED RECEIVER He Favored the Eagles in the Case of a Broken Denver Bank. Denver, Aug. 22.-Judge John I Mullins of the district court today removed Henry M. Beatty as assignee of the Western Bank and appointed the Continental Trust company instead. The reason given by the court for its action was that Beatty is a defendant in a suit pending against the bank officers in which it is charged that the deposits were received after the bank had become insolvent and that as cashier, Beatty paid the Eagles money which they had on deposit after the bank had closed its doors. Beatty will appeal to the supreme court.


Article from The Daily Sentinel, December 23, 1905

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BANKERS FIGHTING HARD. Special to The Sentinel. Denver. Dec. 23.-Before Leonard Imboden and JamesJ Hill convicted of conspiracy are sentenced Thursday morning, they will attempt to place before the district court attorney's office, an estimate of the aMount they claimed to be able to Firn over to the receiver of the Denver Savings Bank and the Western Bank in exchange for a recommendation of elemency. Attorneys claiming to represent Hill and Imboden last evening suggested to the district attorney that the interests of justice would be taken care of and the depositors of both banks greatly benefitted, if Hill and Imboden would turn over to the receivers of the two banks every dollar they had in the world, asking only in exchange that the court recommend clemency in their case. They would be content with a simple recommendation for clemency. It is understood that District Attorney Stidger told them that the offer was impossible, unless Imboden and Hill could get enough money to make the banks entirely whole.


Article from Iron County Register, January 4, 1906

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Business Failures Jan. 3-First national bank of Faribault, Minn., closed; receiver appointed. 9-Brott cotton mills, Massachusetts, capital $1,200,000. 23-Strauss-Green Co., Toledo, O.; liabilities $115,000. assets $100.000. 27-Standard Rope & Twine Co., N. Y., for $12,000,000. 29--Pan-Amefican bank, Chicago; assets $17,200, liabilities $75,900. Mar. 5-Arnold Brewing Co., Saulte St. Marie, Mich.; liabilities $85,000; assets $65,000. 6-Spartansburg, Pa., bank; capital, $25,000. 7-Coe Co., Minneapolis; liabilities, $200,000. 31-Citizens' bank, Lorain, O., as result of defalcation. Apr. 3-Ladoga, Ind., bank; assets $80,000. liabilities $109,000. 16-Owosso, Mich., private bank closes. 23-Merchants' Trust Co., New York, closed. Lexing24-Canton, O., state bank closes ton, Okla., First national bank fails. 26-Barberton, O., First national bank 27-R. H. York & Co., old Cleveland, O., brokers; liabilities, $40,000. Jun. 2-Ladysmith, Wis., First national bank closed. 19-Fyfe & Munson, Chicago, placed in receiver's hands, 21-City Trust Co., Philadelphia, closes doors. 23-Vicksburg, Mich., exchange bank. 26-Knight. Donnelly & Co., Chicago. 28-Terre Haute, Ind., national bank closed doors. Jul. 5-Spring Valley, Ill., and Toluca, Ill., national banks close. 6-Hagerstown, Ind., Commercial bank; liabilities. $125,000. 13-Citizens' bank, Yellow Springs, O.; liabilities, $50,000. 19-Spring Valley, O., bank closes. 20-City national bank, Kansas City, Mo. Aug. 3-West Liberty, Ky., bank closes. 10-Four Denver, Col., Western bank officials arrested on fraud charge. 21-Western bank, Louisville, Ky.; due to overloans. Sep. 19-Minot, S. D., national bank closes doors. 27-Johnson & Sloan, Minneapolis, Minn.: liabilities, $200,000 First national bank, Orville, O., closes doors. Oct. 6-Peoria (III.) national bank closes because of Dougherty indictments. Nov. 1-Kingfisher (Okla.) national tank closed by comptroller of currency. Dec. 18-John R. Walsh's three banks in Chicago. Chicago National, Home Savings and Equitable company in liquidation. Local clearing house guarantees payment of 826,000,000. Public and private accounts involved. 27-Merchants Trust company, American Savings bank and Mechanics Savings bank. Memphis, Tenn., close doors; first named in liquidation.


Article from The Colorado Statesman, August 11, 1906

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with matches, which set fire to her dress. Governor McDonald will be requested to open the annual flower show to in North at August 22nd to 24th be Springs, the held park, inclusive, Colorado by El Paso County Horticultural society. A terrific hail storm struck the camps of Primero and in county on the 5th mining Las Animas Secundo inst., coal covering the six inches. windows depth hailstones of Many ground to the were broken. Fiurino, an Gaetano Italian, living on Delgany street in Denver, was shot his wife on the accused her of with and because other killed he by going 6th, inst., men and started to in him ter to her brother Italy, write telling a letso. of the man found at of the The headgate body Robinson's lake dead and irrigating reservoir, eight miles north on the Globeville has been as the of Denver 5th, inst., identified road, on that of Fred Luksik, a resident of Denver. The offer of Abraham Bosler of Philto certain adelphia purchase of the assets of the defunct Western Bank at to be worth was refused after exfor Denver, $80,000, said $90,000 an pression against it by a meeting of depositors. During a panic on an Interurban car at caused fear electric being down Trinidad, by of run by a Santa Fe enThomas & residgine, Colorado at Mrs. Wyoming Dowd, engineer, wife of a ing Jansen, fell and at the knee in an to right leg fractured attempt her jump from the car. of LiNotice State of bank the dissolution filed the in mon has been the office of the secretary of State. The notice says that the bank has been sold out to J. M. Bailey and J. M. Mcclure, who will continue the business as a private bank. The institution was capitalized at $30,000. The September term of the District Court at Trinidad promises to be of ever held in the are cases There the longest twenty-one on county. one the criminal docket at the time and state there probably will ten or twelve added the be the officers present during month. Three are murder cases. El Paso county is given a valuation of $23,850,000 in the annual report of Assessor F. F. Schreiber. The valuation is about fifty per cent. of the actually due, making the wealth of the county approximately $50,000,000. Of the assessor's estimate, $16,350,000 is on real estate, $4,000,000 on personal property and $3,500,000 on railroads. Governor McDonald attended the pic nic of the Caledonian Club at Military Park, near Denver, on the 4th inst. and watched with great interest the numerous Scotch games and diversions. He also donated a gold medal for putting the sixteen-pound shot, which was awarded to Thomas McCall. There were several other medals and valuable prizes. J.J. Manuel, an employe at the state capitol, E. Ford and W. have Rev. been John selected by B. Fields the People's and the colored men as business Sunday alliance of Denver delegates to the National Negro Business League, which organization will hold a convention in Atlanta, Georgia, August 27th, 28th and 29th. The Denver delegates will endeavor to secure the 1907 convention. The engineer in charge of the work on the Gunnison tunnel, Uncompahgre irrigation project, reports that 718 feet were excavated in July and to date 14,614 linear feet. Less headway was made in July than in previous months on account of friable material encountered in heading No. 2, an accident by a premature explosion in heading No. 1, and the quantity of water flowing in the latter heading. At the meeting of the State Board of was to who was by extended Pardons sentenced August Herman from 3d Lake Anderson, clemency county 10, 1903, to a term for Judge of Owers fifteen February to twenty years murder in the second degree. His sentence was commuted to four to twenty years, under which commutation he will obtain his lberty as soon as the papers reach the penitentiary. Prof. Joseph Reed of Denver, former principal of the Glenwood schools, will take charge of a department of humane in schools the state. education Professor the Reed's public work of in this line has already attracted attention, and the Roaring Fork Teachers' Association, which comprises educators in Garfield, Eagle and Pitkin met and approved and views counties, adopted last Professor winter Reed's on the matter, based on his work at Glenwood.


Article from The Dolores Star, August 17, 1906

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COLORADO NEWS ITEMS Calhan is to have a potato bake and agricultural display October 3d and 4th. aged twelve, wac run over and killed while Earl Donham, playing around some freight cars at Trinidad on the 10th inst. The county commissioners of Boulder have $75 in a of the representation appropriated county aid at of the State Fair at Pueblo. Hon. Franklin E. Brooks, congressman-at-large for Colorado, has written a letter stating that he will not be a candidate for renomination. Perry Newbrough. a young man of seventeen, son of George Newbrough, was drowned in Monument lake in El Paso county on the 12th inst., while in swimming. The handsome Montclair Casino Club in the suburbs of was burned on Country Denver, building, estimated the night of at the 12th inst. The loss is about $15,000. C.H. Warren of the Capt. Salvation erect of Trinidad is planning to barracks for the a cost of which Army permanent of $4,000, amount army about at one-fourth has been subscribed. A branch of summer apples less than eight inches long and containing seventeen fine apples was recently on exhibition at Joslin's dry goods store in Denver from the farm of F. M. Oakley, six miles west of Denver. Gaetano Fiurino, an Italian, living street in Denver, was shot and his wife on the on Delgany killed by going 6th, inst., with because he accused her of other men and started to write a him letter to her brother in Italy, telling so. Thirteen cases of illegal liquor selling brought by the town of Ault have been the liquor sellers. The administration city decided against aided detectives, by citizens, raised $700 and hired whose work resulted in many convictions. body of the man found dead at the of Robinson's reservoir, eight irrigating The headgate miles lake north and of Denver on the Globeville road, on the 5th, inst., has been identified as that of Fred Luksik, a resident of Denver. The offer of Abraham Bosler of Phil- the to purchase certain of the defunct said to be adelphia at assets Denver, of Western worth after $90,000. an Bank exfor $80,000, was refused depression against it by a meeting of positors. The September term of the District Court at Trinidad promises to be one of longest ever held in the county. twenty-one cases on docket at the criminal There the are present probably time the officers state there the ten or twelve added month. are murder will and be the Three cases. during beautiful granite to be erected by which The is the monumen: the execuof the Stratton estate at grave Stratton, in cemat Colorado Springs, etery, tors of W. S. Evergreen September has been completed and will arrive monument which cost set up over the grave will 1st. be The without $5,000, public ceremony. El Paso county is given a valuation of $23,850,000 in the annual report of F. F. Schreiber. The about fifty per cent. action Assessor is wealth of the of valua- the due, making the Of estimate, county the tually assessor's approximately $50,000,000 $16,350,000 personal is $4,000,000 on on and $3,500,000 on property real estate, Intermountain railroads. The Denver & railhas been having a new line for surveyed road from Johnson's Crossing a distance up Clear Creek canyon. was formerly the & Golden, and is by short Lakewood This road partiy operated Denver, Denver and Golden is by any immediate between steam denied and that partly electricity. extension It is contemplated. Insane jealousy over his young and wife was the cause of a marder mine near Rouse, a and miles north when the 7th pretty camp suicide thirty inst., coal of Trinidad, on Mexican, fired into the body of Juan two bullets Duran, a instantly, his wife, Duran. killing her buland Isabella then ended his own life with a let through the heart. Speer of Denver has the apMayor a full list of delegates to which pointed Irrigation Congress, 3d Idaho, Frank B. Goudy, a meets National 8th. at Boise, September vice charge presito of the congress, will have Among dent Colorado delegations. be of the to be delivered will the addresses "Dry Framing" by Robert Gaues one on of the Denver Republican. Manuel, an employe at the state W. Rev. John E. Ford Peohave been selected by capitol, J.J. the and the colored B. Fields alliance and ple's of Denver as Negro business the Sunday National men Business hold delegates League, convento organization will a 27th, which Atlanta, Georgia, August 28th and to secure the 1907 conendeavor tion in 29th. The Denver delegates


Article from The Salt Lake Tribune, December 16, 1906

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Bank Will Pay 70 Per Cent. DENVER, Colo., Dec. 14.-District Judge John I. Mullins today accepted the offer of Clint Heath, representing himself and two Eastern associates, whose names are withheld, of $108,350 for the entire assets of the Western bank, which failed about a year ago. This will enable the receiver to declare a dividend of 20 per cent in favor of the depositors immediately, making in all 70 per cent declared since the receivership.