14383. Albuquerque National Bank (Albuquerque, NM)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
3222
Charter Number
3222
Start Date
March 16, 1886
Location
Albuquerque, New Mexico (35.084, -106.651)

Metadata

Model
gpt-5-mini
Short Digest
d330aea0

Response Measures

None

Description

Bank suspended/closed in mid-March 1886 due to alleged irregularities/embezzlement by Cashier W. K. P. Wilson; no run on this specific bank described (a small run occurred on First National). Bank reopened with new officers by April 10, 1886.

Events (3)

1. March 16, 1886 Other
Newspaper Excerpt
a small run was made on the First National bank and was kept up until this morning, when the express brought sufficient money from the Reynolds Bros. bank to liquidate deposits, and by these means a financial crisis was timely avoided.
Source
newspapers
2. March 16, 1886 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Alleged irregularities/embezzling by Cashier W. K. P. Wilson; deficiency about $8,600 reported
Newspaper Excerpt
The excitement over the closing of the Albuquerque National bank yesterday on account of irregularities of Cashier Wilson
Source
newspapers
3. April 10, 1886 Reopening
Newspaper Excerpt
The Albuquerque National Bank, which suspended a few weeks ago on account of the alleged irregularities of Cashier W. K. P. Wilson, re-opened its doors this morning with a new set of officers and directors.
Source
newspapers

Newspaper Articles (4)

Article from Fort Worth Daily Gazette, March 17, 1886

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Article Text

WILSON'S TROUBLE. He Befriended Too Many Men for the Bank's Good. Special to the Gazette. ALBUQUERQUE, N. M., March 16.-The excitement over the closing of the Albuquerque National bank yesterday on account of irregularities of Cashier Wilson has somewhat subsided, though there is much distrust among depositors. Some are fearful that they will not receive their full deposits, though guaranteed by the stockholders. When the bank was found closed a small run was made on the First National bank and was kept up until this morning, when the express brought sufficient money from the Reynolds Bros. bank to liquidate deposits, and by these means a financial crisis was timely avoided. Cashier Wilson is having a hearing before United States Commissioner Whiting on the charge of embezzling the funds of the bank, and from the testimony already adduced, it looks as if he will be bound over. He is a man that has been identified with the growth of Albuquerque from its inception, now holding the position of president of the Albuquerque Water works, treasurer of the Territorial Fair association and a director in the gas company,* the Albuquerque Hardware company and academy. He was largely interested in the building and fitting of the San Felipe hotel, the largest hotel this side of Topeka. There is hardly a person in Albuquerque that believes that be is criminally guilty of any wrong in connection with his position. The trouble is probably that he has befriended too many for his own good. The defleiency will aggregate only $8600. While out shopping to-day drop in and


Article from The Iola Register, March 26, 1886

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Article Text

THE WEST. THE Albuquerque (N. M.) National Bank has closed its doors. THE Chicago, Burlington & Quincy Railroad Company will complete the work of building a double track through Iowa on its main line this year. MISSOURI PACIFIC officials refused the request of the Knights of Labor for a conference on the 16th. The strike, therefore, was indefinitely prolonged. A PECULIAR form of influenza was reported raging at Canton, O. Over 3,000 people were affected and 1,000 school children were confined to their beds and homes. The affliction resembles the epizootic. No cases had resulted fatally, but much inconvenience and interference with business was caused. GEORGE Q. CANNON did not respond when his case was called in the Salt Lake City court and his bond was declared forfeited. CINCINNATI Knights of Labor ask the exposition commissioners to refuse to allow the Champion iron works any space. GENERAL CROOK says the reports were imaginary that said he had met Geronimo, the Apache chief, or had held negotiations with him. GENERAL J. H. DEVEREAUX, president of the Cleveland. Columbus, Cincinnati & Indianapolis railroad, died at Cleveland, O., on the 17th of cancer of the stomach, after a comparatively brief illness. THE rolling mill at New Philadelphia, O., which has been idle for some time, has resumed operations in all departments. THE Liberal Territorial Committee of Utah has passed a resolution eulogizing Governor Murray and calling for more vigorous legislation by Congress. THE Cincinnati harnessmakers' strike has ended, Graf, Marsbacks & Co.'s factory surrendering. MIKE HUMPHREYS and a pal known as "Texas" have been arrested, accused of the Rock Island express robbery near Joliet, III. THE saloons at Sioux City, Iowa, have been closed. THE C. W. Allen Tobacco Company, of Chicago, have adopted the eight-hour system, with no change in wages. THE round trip rate between Chicago and San Francisco was $69 on the 18th. H. M. HOXIE, Vice President of the Missouri Pacific, refused the interview requested by Grand Master Powderly, of the Knights of Labor. Hoxie claimed that the Knights had first broken the agreement and the company would havenothing more to do with them as an organization. It was stated that the railroads forming the Central Traffic Association were in concert in fighting the Knights of Labor. THE Polish Church trial at Detroit, Mich., was decided in favor of Bishop Borgess, who sued for a writ of ejectment against the deposed Father Kolasinski. Father Kolasinski's attorneys have determined to carry the case to a higher court. LAST spring Pingree & Smith, of Detroit Mich., manufacturers of shoes, had trouble with their employes which resulted in the employment of non-union workmen and a boycott against them. Finding their business running down they have agreed to the terms of the Knights, arbitration to settle all disputes for the future. THE street railway company of Columbus, O., whose drivers were on strike, ran one car over the line, under the requirement of the charter, on the 19th. The police assisted, and on the return trip the men endeavored to take possession of the car, but were clubbed off by the police. The mayor, however, was not inclined to allow further police interference.


Article from Los Angeles Daily Herald, April 11, 1886

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Article Text

The Albuquerque Bank ReOpens. ALBUQUEROUE, N. M., April 10.-The Albuquerque National Bank, which suspended a few weeks ago on account of the alleged irregularities of Cashier W. K. P. Wilson, re-opened its doors this morning with a new set of officers and directors. The report of the Agent of the Comptroller of the Currency corroborates the rumor that the closing of the bank was caused by a personal quarrel between ex-President Bell and exCashier Wilson.


Article from Sacramento Daily Record-Union, April 12, 1886

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Article Text

savs that two American prospectors were killed near that place a few days ago by Indians, but he is unable to state their names. The Albuquerque (N. M.) National Bank, which suspended a few weeks ago on account of the alleged irregularities of the Cashier, W. K. P. Wilson, reopened its doors Saturday morning with a new set of officers and Directors. The excitement at New Westminster, B. C., has cooled somewhat, but the feeling of indignation is still intense against the political representatives of the district, whose action, it is claimed, has blocked the railroad extension. No violence is now apprehended.