14403. New Mexico Savings Bank & Trust Company (Albuquerque, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
January 1, 1893*
Location
Albuquerque, New Mexico (35.084, -106.651)

Metadata

Model
gpt-5-mini
Short Digest
619abd5a

Response Measures

None

Description

Articles state the New Mexico Savings Bank and Trust Company failed in 1893, a receiver (C. E. Newcomer) was appointed, assets were sold (instrument sworn Dec 2, 1904) and dividends were being paid beginning Dec 14, 1904. No run is described in the articles. OCR variations in the name (Saving vs. Savings; and 'and' vs '&') were normalized to the provided bank name.

Events (3)
1. January 1, 1893* Receivership
Newspaper Excerpt
The New Mexico Saving Bank and Trust company failed in Albuquerque in 1893.
Source
newspapers
2. December 2, 1904 Other
Newspaper Excerpt
At a private sale last week Ed. C. Newcomer receiver for the New Mexico Savings Bank and Trust company, transferred all assets of that institution to David Weiller for $1,800. The instrument was sworn to before W. E. Dame ... 'On this 2nd day of December, A. D. 1904, before the clerk ... personally appeared C. E. Newcomer, receiver of New Mexico Savings and Trust company...'
Source
newspapers
3. December 14, 1904 Other
Newspaper Excerpt
Receiver Newcomer is having postal cards printed, to the effect ... 'he has been ordered to pay ... a dividend of 3 per cent to all general depositors who are holders of receiver's certificates of the New Mexico Savings Bank and Trust company. Payment will be commenced on December 14, 1904.'
Source
newspapers

Newspaper Articles (3)
1. December 10, 1904 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, December 10, 1904

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Article Text

SAVINGS BANK DECLARES A DIVIDEND (From Friday's Daily Citizen.) This afternoon The Citizen % performs a pleasant duty, and % makes the announcement that % s Receiver Newcomer is having s postal cards printed, to the effect % that "he has been ordered to pay % s a dividend of 3 per cent to all % general depositors who are hold% % ers of receiver's certificates of % the New Mexico Savings Bank % s and Trust company Payment % % will be commenced on December % 14. 1904." Receiver Newcomer says he $ % will be at the office of P. F. Mc% Canna. room 11. Grant building, s s on December 14 from 2 to 6 and 7 to 9 p. m., to endorse each pays % ment on certificates. and after % % that date at the sheriff's office in % the court house. s t The court has also ordered Re% % ceiver Newcomer to pay a divi% s dend of 18.41 per cent to all holdn % era of receiver's certificates, is% sued on account of debenture % % bonds. s % % s .

2. December 10, 1904 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, December 10, 1904

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Article Text

MUCH PROPRRTY SOLD BY RECEIVER NEWCOMER. (From Wednesday's Daily Citizen.) At a private sale last week Ed. C. Newcomer receiver for the New Mexleo Savings Bank and Trust company, transferred all assets of that institution to David Weiller for $1,800. The Instrument of transfer was filed on Friday and contains the following Itemized real estate and a clause, which is attenuated to the extreme: Lots No. 3 and 4. block No. 5. Baca addition, Albuquerque. Lot No. 14. block No. 24. Huning's Highland addition West one-half of lot No. 6. block letter "F," Eastern addition Lots 1, 2 and 3. in block "X" lots 5. 6, 11 and 12. and the south one-half of lots 4 and 10. in block No. 19: lots 5 and 6 in block No. 21; all In the Eastern addition The undivided one-half of lots 22 and 23, block "A," and the undivided one-half of lots 7 and 8. block "R," Atlantic and Pacific addition The southwest one-quarter of northwest one-half of section 21. and south one-half of northeast one-quarter, and the south one-half of northwest onequarter, and the northwest one-quarter of the southeast one-quarter of section 20, in township 6 north, range 2 east of New Mexico meridian, territory of New Mexico, containing 157 36-100 acres. Also a piece of land in the Anade Sandoval y Manzanares grant containing ninety three one onehalf aeres. With another piece of

3. December 10, 1904 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, December 10, 1904

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Article Text

land in township 6 north, range 2 east, containing 37.40 acres. Also any other real estate, the title to which is vested in the said C. EC. Newcomer as receiver of the New Mexico Savings Bank and Trust company, and which has not heretofore been conveyed to him. Also, all notes, judgments, accounts and debts of every kind held by the said C. E. Newcomer as such receiver or due to him as such receiver. The instrument was sworn to before W. E. Dame, clerk of the United States district court by Mr. Newcomer as follows: "On this 2nd day of December, A. D. 1504, before the clerk of the United States district court of the second judicial district of New Mexico, personally appeared C. E. Newcomer, receiver of New Mexico Savings and Trust company, and to me personally known, and acknowledged that he executed the above and foregoing instrument as his free act and deed for the uses, purposes and consideration therein expressed." The New Mexico Saving Bank and Trust company failed in Albuquerque in 1893. It is reported that previous to this sale, which is probably the final act of the receiver, that the in. stitution had paid the depositors about 90 per cent. Judge W. D. Lee acted as attorney for the defunct institution. The instrument filed in the matter does not show the intrinsic value of the property nor that It was appraised. The last 10 per cent. or final dividend of the failed institution, has not paid tu depositors.