First National Bank - Albuquerque, NM

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2614
Charter Number: 2614
Start Date: *
Location: Albuquerque, New Mexico (35.084, -106.651)

Metadata

Model: gpt-5-mini
Short Digest: 9f925b5c

Response Measures

None

Description

The article states 'With the failure of the First National bank of Albuquerque...' indicating the bank failed/closed. No run or depositor panic is described; therefore this is a suspension/closure (failure). The article mentions it paid a final dividend and depositors recovered principal less interest, implying insolvency and winding up. Date of failure not given in the excerpt.

Events (2)

1. * Receivership

Newspaper Excerpt: With the failure of the First National bank of Albuquerque ... The bank has latterly paid up its last dividend, and the depositors have come to their own again short only several years interest on their money.
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank failure/insolvency leading to winding up; final dividend paid and depositors recovered principal minus interest.
Newspaper Excerpt: With the failure of the First National bank of Albuquerque several of the northern counties of Arizona lost large sums of money which had been mistakenly placed in a bank so remote from the territory. The bank has latterly paid up its last dividend, and the depositors have come to their own again short only several years interest on their money.
Source: newspapers

Newspaper Articles (1)

1. April 9, 1896 Arizona Republican Phoenix, AZ

Article from Arizona Republican, April 9, 1896

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Article Text

The Western Union Telegraph company has its wires stretched for twenty miles from Ash Fork. It is over the worst ground and will have smooth sailing into Prescott now. A special meeting will be held of Arizona lodge No. 2, A. F. & A. M., at 7:30 p. m. this evening for work in the third degree. Sojourning brethren are cordially invited to attend. The Southern Pacific is actively engaged in removing gravel from the Cienega with which they will ballast their roadbed from Willcox to Maricopa, greatly improving the condition thereby. Drs. Purman and Martin, who are compelled to leave their present location on account of the impending construction of the Adams hotel, will today transfer their offices to the Alhambra on West Adams street. Antonio Ma. Salinas, the Mexican journalist who persisted in assaulting a congregation of Spanish Methodists, acknowledged his error yesterday before Justice Johnstone and was allowed to go with a little fine of $25. The funeral services of the late W. E. Thomas will be held this morning at 9. They will be conducted by the Phoenix Codge of Masons, and will be attended by that order and by the Odd Fellows, deceased in life having been a member of both orders. C. F. Raliph, the shoemaker who bruised up his wife and children a few nights ago, was placed under a peace bond of $400 yesterday by Justilce Johnstone. As the man was unable to furnish the security, the went to jail for an indefinite period. The dry goods clerks of Tucson are circulating a petition to have all dry goods stores closed on Sundays, commencing next Sunday, April 12. It is meeting with considerable favor and has been signed by several leading merchants. It is thought that all the rest will sign. Felix Carlos got inebriated and wicked yesterday below the Maricopa & Phoenix depot, and, flourishing a revolver made threats that did not sound nice, even when expressed in the liquid tongue of Castile. So he was gathered in by the constabulary and will be tried on Wall street today. "Our valley strawberries," said a local fruit dealer yesterday, "are undoubtedly far superior to anything that can be secured from California. notice this especially with the orders given being the by strangers same, they in always the city. pick Price the local product as the best.' Among the incumbrances on the estate of the late W. H. Thomas, made known by documents filed in the recorder's office immediately after his death, were a note of hand for $1,500, given to H. A. T. Hansen March 24, and a mortgage on the Winnifred mine in the sum of $2,000, given April 6 to the mother of his first wife, Mrs. Shipp. The Courier is authority for the statement that the Santa Fe, Prescott & Phoenix has purchased the rails and right of way of the abandoned Prescott & Arizona Central road from Prescott to Seligman, a distance of seventy-two miles. The bridges have nearly all been washed away and the job of securing the iron would be a difficult one. Flagstaff Democrat: The tourists to the Grand canyon can now have better accommodations than ever before. The hotel at the canyon is now open and J. W. Thurber has put two large Concord coaches on the road, and added all necessary conveniences to his stage line. Tourists are beginning to come, and no doubt the coming season will be a busy one in travel to the canyon. "Kid" Thompson, under sentence of death in California for train robbery, is said to have formerly teamed for a man named Marshall J. Miller near Prescott. Miller was working a mine near this place as the story is told. The latter is also under sentence of death for the murder of an old Jewish merchant at Marysville. When the two met at San Quentin to await their fate their recognition of each other was mutual. With the failure of the First National bank of Albuquerque several of the northern counties of Arizona lost large sums of money which had been mistakenly placed in a bank so remote from the territory. The bank has latterly paid up its last dividend, and the depositors have come to their own again short only several years interest on their money. Thus the treasurers are also freed from their responsibilities. The recorder's office of the county of Maricopa is a source of considerable profit. It costs to run only about $950 a quarter. For the last quarter, which was considered to have been one of extreme dullness, the recorder turned in, after paying all incidental expenses outside of salaries, the sum of $2,066.65.