1364. Miners National Bank (Georgetown, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2199
Charter Number
2199
Start Date
June 2, 1884
Location
Georgetown, Colorado (39.706, -105.698)

Metadata

Model
gpt-5-mini
Short Digest
6493a908

Response Measures

None

Receivership Details

Depositor recovery rate
76.5%
Date receivership started
1876-01-24
Date receivership terminated
1884-06-02
OCC cause of failure
Losses
Share of assets assessed as good
9.5%
Share of assets assessed as doubtful
90.5%

Description

Articles report the Comptroller declaring a final dividend for creditors of Miners' National Bank, Georgetown, Colo., indicating the bank was in receivership and creditors being paid (closure). No article text mentions a depositor run or a temporary suspension/reopening — this appears to be a receivership/closure outcome.

Events (3)

1. October 30, 1874 Chartered
Source
historical_nic
2. January 24, 1876 Receivership
Source
historical_nic
3. June 2, 1884 Receivership
Newspaper Excerpt
The Comptroller of the Currency has declared a final dividend of 11 1-2 per cent. in favor of the creditors of the Miners' National Bank, of Georgetown, Col., making a total of 76 1-2 per cent.
Source
newspapers

Newspaper Articles (3)

Article from The Indianapolis Journal, June 3, 1884

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Article Text

Notes and Personalities. WASH:NGTON, June 2.-The Comptrollerof the Currency has appointed M. L. Bundy, of New Castle, Ind., receiver of the Hot Springs Nation al Bank. Mr. Blaine left for Augusta, Me., this afternoon, taking his family along. The Comptroller of the Currency has declared a final dividend of 11 1-2 per cent. in favor of the creditors of the Miners' National Bank, of Georgetown, Col., making a total of 76 1-2 per cent. Messrs. Newton, Edmunds, P. C. Shannon and James H. Teller, members of the Sioux Indian commission, have returned to Yankton after a visit to the Sioux reservation. The commissioners tried to induce the Indians to sell their lands, about 1,000,000 acres, at the rate of $2 per acre, but the red men were not disposed to sell just now. The million acres are held by bout 1,400 Indians.


Article from National Republican, June 3, 1884

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Article Text

DEPARTMENT NEWS. The comptroller of the currency yesterday appointed M. L. Bundy, of New Oastle, Ind., receiver of the Hot Springs National bank. The issue of standard silver dollars from the mints during the week ended May 31 was $240,498. The issue during the corresponding period of last year was $166,000. The comptroller of the currency has declared a final dividend of 11.50 per cent. in favor of the creditors of the Miners' National bank, of Georgetown, Col., making in all 76.50 per cent. The payments made from the treasury by warrants during the month of May, 1884, amounted to $24,018,522.84. This does not include payments made on account of the interest or principal of the public debt of the United States. Mr. Cannon, comptroller of the currency, returned to Washington yesterday from New York, where he consulted with the receiver of the Marine National bank and the bank examiner. He regards the situation in New York as much improved over a week ago, with every indication that it will continue to improve.


Article from Mohave County Miner, June 8, 1884

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Article Text

represent the Filley June 2.-The comp of the troller Washington, currency declared in favor rinal dividends of 111 per cent. of the the outstanding creditors of Miners' National bank of Georgetown; Colo., making 8 total of 761 per cent. New York, June .-Fisk & Hatch notified the stock exchange of their resumption. Blaine left for Augusta, Maine this afternoon with his family. The brig Senorita recently sailed from Philadelphia for Aspinwall with about 100,000 pounds of Atlas powder for the Panama canal, In a trial at Leipsic, two men named Kraewski and Heutsch were convicted of offering to sell military secrets of Germany to other powers. Heutsch was sentenced to nine years' penal servitude, and his accomplice will be imprisoned for three years and seven months. St. Louis, June 4.-It is stated here that information has been received from New York to the effect that application will soon be made for the appointment of a receiver for the Texas & Pacine railway, and it is also stated that a trust company has been buying coupons on the mortgage bonds instead of paying them, the and will claim the right to name receiver. Deúver Colo., June -Attached to the Santa Fe train which arrived in Deover this afternoon was the Pullman hotel car, "President" having on board the Siamese embassy bound from New York to San Francisco. There are seven in the party including two English servants. The embassy includes Krom Mun Nares Varariddhi, envoy extraordinary and minister plenipotentuary from bis majesty the King of Siam to the United States. L. E. Prince Sonapandit. connsellor of the legation. Le Major Snayh, secretary of the legation. Mr. Wilberforce Mr. Wy Kee. attache of the legation and Nai Tuan, an attache of the legation. The party are now at the Windsor Hotel. They leave to-morrow afternoon for San Francisco. New York, June 4. The schedule in the insolvent assignment of James D. Fish, ex-president of the Marine Bank show liabilities of $4,230,820. Nominal value of real and personal estate $4.179,392; estimated actual value $582,594. Kansas City, June 4.-Sheriff t Chandler, of Lyon and Shoemaker. the Miami county. Kausas, arrived in city this morning in search of Pleasanton murderer. A fifth body. in that of young girl, was found Pleasanton yesterday. The murder ed party has been identified as one an of the family of J. H. Anderson, improvident farmer. It appears that they had a knowledge of some crime committed by Lewis Wampton, nephew of Anderson's. Some days tothe two men left the house gether. ago Wann ton returned alone, for saying that Anderson had sent the family. They started in a wagon and on the way it is supposed Wamp murdered the woman and four children ton and fled. It is predicted out that Anderson has also been put go of the way. Wampton afterwards was seen at Poala, riding the missing to horse. and it 18 believed he came the this city. Great exoitement at scene of tue crimps S J.O.P. of the postoffice department. of arrested for the embezzlement $15,000, which he claims to have lost oil speculations. He was lieuten- Illin10 ant colonel of the Seventy-first best ois infantry, and is one of the rifle-shots in the United States. inThe earl of Aylesford became toxicated at the Derby races. refused and to sorrender his railway ticket, tuok theinspector at London bridge the In the struggle which followed, earlobadia.leg broken in two places, celean international britys from his purchase of a catt ranch in Texas, Bettuire, Ohio, June 2.--William Troll, a young man. was waiking the centsrate Saturday night with a wilen he was assaulted by Mike him. girl, Clarke, who was jealous of the Troll turned on him and shot, abdoball laking effect in Clarke's me Troll is in jail, and Clarke is