1409. Leadville Savings & Deposit Bank (Leadville, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 7, 1895
Location
Leadville, Colorado (39.251, -106.293)

Metadata

Model
gpt-5-mini
Short Digest
83d6ee4d

Response Measures

None

Description

Multiple contemporaneous articles (Nov 7-13, 1895) report the Leadville Savings & Deposit Bank 'assigned' (failed) and an assignee J. A. Lamping named; president P. W. Breene had large borrowings and is missing. No run is described — this is a suspension/assignment (failure) with receiver. I inferred the event date as 1895-11-07 from the articles. Bank type set to 'state' because name indicates a local savings & deposit institution (not 'National' or 'Trust'); if uncertain, could be 'unknown'.

Events (3)

1. November 7, 1895 Other
Newspaper Excerpt
Assignee J. A. Lamping, of the Leadville Savings and Deposit bank says he believes if a little time is given the bank will be able to pay every dollar. Cashier Morgan says P. W. Breene, the president, owes the bank $50,000 borrowed money. However, Mr. Breene has turned over all of his property.
Source
newspapers
2. November 7, 1895 Receivership
Newspaper Excerpt
Leadville, Col., Nov. 7-Assignee Lamping, of the Leadville Savings and Deposit bank, which failed yesterday, says that the bank will probably pay in full.
Source
newspapers
3. November 7, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank 'assigned' (failed/placed in hands of assignee). President P. W. Breene had borrowed large sums from the bank (reports $50,000 to $470,000 in articles) and is missing; apparent mismanagement/insolvency tied up county funds.
Newspaper Excerpt
Leadville, Colo., Nov. 7.-Deposits at the Leadville Savings and Deposit bank which assigned yesterday amount to $95,000...
Source
newspapers

Newspaper Articles (4)

Article from The Wichita Daily Eagle, November 8, 1895

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Article Text

COUNTY FUNDS TIED UP. Seventy Thousand Dollars In the Leadville Savings and Deposit. Leadville, Colo., Nov. 7.-Deposits at the Leadville Savings and Deposit bank which assigned yesterday amount to $95,000, including $70,000 of the county's funds. Asignee J. A. Lamping, of the Leadville Savings and Deposit bank says the believes if a little time is given the bank will be able to pay every dollar. Cashier Morgan says P. W. Breene, the president, owes the bank $50,000 borrowed money. However, Mr. Breene has turned over all of his property. In addition to the $70,000 county funds in the bank. City Collector Little has about $2,000 tied up.


Article from Barbour County Index, November 13, 1895

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Article Text

NUMBER 26. CONDENSED DISPATCHES. The Leadville (Colo.) Savings and Deposit on markets Receipts bank to of assigned. hogs the continue increase and average 30,000 a day at Chicago. J. B. McGoldrick, clerk of the New York supreme court, was stabbed during an election wrangle. He may die. Seventh Day Adventists were acquitted in Rhea county, Tennessee, of the charge of creating a nuisance by working on Sunday. John Altmarsh, engineer, and Andrew Harmyak, fireman, were killed in a collision on the Monongahela connecting railroad near Pittsburg. The Kaffir securities have steadied again and financial seers have again commenced conjecturing upon the length of time which will elapse before the speculation therein will wind up with a big crash. Test suits were filed against the government at New Orleans to secure a ruling in the sugar bounty cases. Further reduction in transcontinental passenger time are about to be undertaken by various competing that the roads. It is expected time and Los between will be shortened Chicago by nearly Angeles twentyfour hours. Mrs. Maybrick has been transferred from Woking prison to Aylesbury jail. In another fight at Warash, a number of Musselmans and Armenians were killed. Ahmed Tewfik Fasha has been recalled to Constantinople and may be made Grand Vizier. Ambassadors of the Powers warned the Sultan that unless disturbances are immediately stopped the Powers will take Turkish affairs into their own hands. The Marquis de Nayre, who was on trial at Bourgen, France, for the murder of his step-son, was acquitted. Mrs. Julia A. Hallock, divorced wife of ex-Superintendent Hallock of the Oklahoma City schools, has become heir to a fortune of $200,000. through the death of an uncle in Alabama. Powers' opera house and four stores at Decatur, III., were destroyed by fire. Total loss $100,000. Fire in the rear of Porter & Swan's store, ruined The insurdry goods the stock of goods. Atchison, Kan., ance was $20,000. once a Scott, was a lawyer Elliott of Reynolds, Fort Kan., leading rested by Marshal Beatty, charged with defrauding the Memphis railway by issuing false bills of lading. The engine, tender and box cars of a freight train were wrecked near Manhattan, Kan., doing considerable damage, but injuring no one. c Attorney General Malony of Illinois, holds that insurance agreements as to rates are illegal. New York sports lay the blame for the Corbett-Fitzsimmons farce all on Julian's mismanagement of Fitz's h side of it. t A $3,000 blast was set off at the Long Cove Granite quarry, Rockland, Me., and 300,000 tons of granite loosened by it. t Thieves in Lincoln county, Okla., b ooted a school house, taking chairs, ltoves, window-sash, and even pulling sp the flooring. f Minneapolis union job printers are on strike for a nine-hour day at 30 c cents per hour. They get 26 2-8 cents for ten hours now. Joseph Vincent, a farmer living near Pana, Ill., was dangerously poise oned by eating buckwheat cakes in which chinch bugs were ground up y with the meal. A six-inch streak of bonanza ore has been found in Airheart lease of the Anchoria-Leland Company's Claim at e Cripple Creek, Col., which assays at t $27,000 to the ton. e Montana Central engineers and conductors voted to stand by the Great Northern Company and disregard the d A. R. U. order to strike. Director r Goodwin and five other A. R. U. men h are in jail at Katispell, Mont. le e Four men lost their lives in a fire in a tenement house in New York city. t John W. Cadman, an uncle of Mrs. Cleveland, is dying in the Cook county, Ill., hospital. By a new arrangement twenty-four hours' time is saved in the transition ce of Mexican mail to this country. Postoffice clerks want congress make their salaries uniform, putting he them on the same basis as letter carsriers. a William Scarks. a Lee's Summit sec is tion hand was struck and killed by ee Missouri Pacific freight. of vs Annie Cooper of Winona, Minn., was he shot by her 12-year-old brother. He "did not know it was loaded. Charles Martin was killed by Patrick Ryan, at Leadville, Colo., over a game of cards. ay ad A stowaway was stabbed to death in a saloon at Galveston, Texas, by nt Englishman. sic Ex-Cashier Farrar of the failed Per rry, is out on nt Id Choctaw Okla., bank Council has bond. appropriated 00 $7,000 for the removal of intruders. he


Article from The Representative, November 13, 1895

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Article Text

plenty of money; now they have something to but-!-Colby (Kan.) Free Press. Philadelphia, Nov. 5. - Herzberg Brothers, wholesale furnishing goods dealers at No. 325 Market street for 25 years, failed today. Executions have been issued for over $30,000. Brenham, Texas, Nov. 5.-Last night A. and H. Harrison, of Brenham and Caldwell, dealers in dry goods, executed a deed of trust on their stocks for the benefit of preferred creditors. Liabilities are stated to be $64,000. Leadville, Col., Nov. 7-Assignee Lamping, of the Leadville Savings and Deposit bank, which failed yesterday, says that the bank will probably pay in full. Cashier Morgan says that President Breene borrowed $470,000 of the funds which was lost in a mining enterprises. Canton, Ohio, Nov. 7.-A reduction in wages has been made at the Dueber Watch Works. Some of the cuts amount to about 25 per cent. The plant is running short handed. Weir City, Kan., Nov. 5.-Unless the coal operators of this district accede to the demands of the miners for a raise of wages and a reduction of the price of powder, there will be a strike on the 11th. New York, Nov. 4.-Russell Sage says in an interview that the business situation is not encouraging. Failures are more frequent and there will be more. He ascribes them to shrinkage in general values and low prices of farm produce. Farmers have little money consequently buy sparingly. The Dickinson Hardware Company, of Little Rock, Ark., has failed; liabilities, $150,000. Abilene, Kan., Oct. 29.-The synod of the Interior Reformed church adjourned yesterday afternoon. Its final action was the ordering of the trustees of Wichita university to turn over the building, grounds, and all property to its bondsmen. It is hopelessly involved. Teachers' salaries unpaid aggregate $1,000. It wil not be reopened. London, Nov. 10.-The critical condition of the different European bourses during the week has compelled discount brokers, as a measure of precaution, to advance money rates slightly. The week on the stock exchange proved so disastrous that the settlement, commencing tomorrow, is anticipated with the greatest anxiety. It is almist certain that some failures will then be announced. The fall of London consols and other gilt edged securities has been all the greater because they have already been forced abnormally high. Decline prices in almost all of the speculative markets range from 2 to 5 per cent. Dealings in mining securities are very limited. Comparisons with the prices of a month ago show how serious the fall has been even in the best reputed mining stocks. In the foreign markets the greatest collapse has been in Turkish and Italian securities. Even.if no further troubles develop it is not probable that any noticeable recovery will take place this year. The week's declines in Americans is as follows: Louisvile & Nashville, 63/4; Denver preferred, 5; Reading firsts, Atchison first mortgage and Wabash 6s, 31/4; Atchison, Erie, Lake Shore, and Pennsylvania, 2½; St. Paul,, Union Pacific and Wabash, 2; Canadian Pacific, 47; Grand Trunk, guaranteed, 31/4.


Article from Marshall County Independent, November 22, 1895

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Article Text

NEWS NUGGETS. The Nawab of Basoda. India. Mohammed Omar Ali Khan, is in New York. It is reported that Prince Henry of Battenburg has decided to join the staff of the commander of the expedition to Ashantee. The report of the mutiny of 170 convicts and 300 volunteers on the steamer Catalonia during her last voyage from Madrid to Havana is officially denied. C. R. Meeker. assistant engineer of the Southern Pacific Railroad, and formerly an officer in the United States navy, committed suicide at Oakland, Cal. Michael H. Maher, who is wanted at Leadville, Colo., for the alleged embezzlement of about $1,000 from the Dold Packing Company last February, has been arrested at Los Angeles. Policemen T. F. Brown and B. S. Farrow were dangerously wounded and Will Ward. colored, fatally wounded while the officers were attempting to arrest the latter at Little Rock, Ark. The British steamer James Turpie, Captain Smith. which sailed from Genoa on Nov. 6 for New York. has arrived at Gibraltar seriously damaged. having been in collision with the Vulcan off Cape Geta, Spain. The Vulcan sank and two of her crew were drowned. Peter W. Breene, president of the defunct Leadville. Colo., Savings and Deposit Bank, is missing. and creditors of the institution are anxious to meet him and learn what sort of settlement he expects to make. Mr. Breene had borrowed N over $70,000 from the bank. Frank Wayland, of Marion. Ohio, received a letter from a Baltimore attorney, asking him his relationship to William Wayland, who moved to Ohio years ago. He was bis son. The attorney now writes him that he is heir to the Wayland estate in Maryland, valued at a million. Fire in the six-story factory bailding at 98 Clinton street, New York. caused a panie among the working people, who numbered about two hundred. The basement. in which the flames started. was occupied as a candle factory, and the tallow there caused the fire to spread rapidly. cutting off egress by way of the stairs. Several men jumped from the roof and from windows to the tops of adjoining buildings. After the building had been gutted the firemen set about searching for bodies. One, which has not been identified, was found. Albert Neville, a carpenter, was murdered at San Francisco by two masked robbers. The President has appointed John L. Peak. of Kansas City, Mo., United States Minister to Switzerland, to succeed Minlater Broadhead, resigned, and Otto Munchmeyer as United States Consul at San Salvador. Charles Schaefer. of Chicago, committed suicide in New York because he had lost his employment and money. The residence of George A. Kessler, on 5th avenue, New York City, has been robbed of $40,000 worth of jewelry.