14410. San Juan County Bank (Aztec, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 8, 1897
Location
Aztec, New Mexico (36.822, -107.993)

Metadata

Model
gpt-5-mini
Short Digest
cec38813

Response Measures

None

Description

Multiple contemporaneous newspaper items (Jan 8, 1897) report the officers decided to close the San Juan County Bank at Aztec, N.M., 'owing to poor business' and that depositors will be paid through the Smelter City Bank in Durango. No run or depositor agitation is mentioned; this appears to be a voluntary closure/suspension leading to permanent closing.

Events (1)

1. January 8, 1897 Suspension
Cause
Voluntary Liquidation
Cause Details
Officers decided to close the institution due to poor business; depositors to be paid through Smelter City Bank in Durango, CO.
Newspaper Excerpt
The officers of the San Juan County bank of Aztec, N. M., have decided to close that institution, owing to poor business. Depositors will be paid through the Smelter City bank of this city.
Source
newspapers

Newspaper Articles (4)

Article from Omaha Daily Bee, January 9, 1897

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Article Text

Troubles in the Business World. ST. PAUL, Jan. 8.-Judge Bunn, late yesterday. upon the petition of Public Examiner Kenyon, appointed J. F. Fitzpatrick receiver for the Bank of North St. Paul. The bank was capitalized at $25,000, and Captain Henry A, Castle, its president, and recently postmaster of St. Paul, says it had deposits of only $22,000 and assets of about $35,000. Its deposits were mainly public funds. Its reserve fund was deposited with the Allemania bank, which failed on Monday, and this was one of the causes of the suspension of the Bank of North St. Paul. DURANGO, Colo., Jan. 8.-The officers of the San Juan County bank of Aztec, N. M., have decided to close that institution, owing to poor business. Depositors will be paid their money through the Smelter City bank of this city.


Article from The Seattle Post-Intelligencer, January 9, 1897

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Article Text

DURANGO, Col., Jan. 8.-The San Juan County bank, of Aztec, N. M., has been closed, owing to poor business. Depositors will be paid through the Smelter City bank, of this city. ST. PAUL, Minn., Jan. 8.-Judge Bunn, late yesterday, upon petition of Public Examiner Kenyon, appointed J. F. Fitzpatrick receiver of the Bank of North St. Paul.


Article from Idaho County Free Press, January 15, 1897

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Article Text

BANKS GO OUT OF EXISTENCE. One of the Oldest Savings Institutions in Chicago Is Closed. Chicago, Jan. 8.-The Dime Savings bank, with its 40,000 depositors, one of the oldest saving banks in Chicago, will go out of existence before the expiration of the 90 days' notice, which has been required of depositors since the suspension of the Bank of Illinois. Bank of North St. Paul. St. Paul, Jan. 8.-Judge Bunn, late yesterday, upon petition of Public Examiner Kenyon, appointed J. F. Fitzpatrick receiver of the Bank of North St. Paul, capital $25,000. Captain Henry A. Castle, president, until recently postmaster of St. Paul, says it has deposits of only $22,000, assets about $35,000. The deposits were mainly public funds. Its reserve fund was deposited with the Allemania bank, which failed Monday. New Mexico Bank. Durango, Col., Jan. 8.-The San Juan county bank at Aztec, N. M., has been closed owing to poor business. Depositors will be paid through the Smelter City bank, this city.


Article from The Silver Messenger, January 26, 1897

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Article Text

The Union Manufacturing company, iron and steel, at Boyertown, Pa., has confessed judgment for $9,000. It was incorporated in May, 1894, with a paid-in capital of $35,000. The Walker White Lead company, of Cincinnati, Ohio, has confessed judgment for $10,000, and was taken charge of by a deputy sheriff. The paid up capital of the company is $50,000. The officers of the San Juan county bank of Aztec, N. M., have decided to close that institution owing to poor business. Depositors will be paid through the Smelter City bank in Durango, Colorado. The Van Wagner-Henney Shoe company, of Sedalia, Mo., has given a trust deed. The business was started eighteen years ago and incorporated in Sept. ember, 1895, with a capital stock of $12,000. Owing to the delay in the appointment of a receiver Jacobs & Co., of New York, have attached the collateral of the defunct Columbia National Bank, of Minneapolis, Minn., on a claim of $10,000. The Bank of Canton, at Canton, Minn., with a capital $10,000, and the Citizens' bank, of Lanesboro, a small institution, both owned and operated by Field, Kelsey & Company, have suspended business. The Stewart Ceramic company, of New York, manufacturers of washtubs, basins, and ceramic ware, have assigned to Anthony R. Porter. The company was incorporated under the laws of New Jersey in 1892, with a capital stock of $200,000. Koch, Dreyfus & Co.. wholesale jewelers, of New York, have suspended. placing their affairs in the hands of attorneys to arrange a settlement with creditors. The amount involved is $200,000. The firm came from New Orleans in 1889. The stockholders of the Dansville Savings and Loan Association, at Dansville, N. Y., have been informed that the assets, $45,000, are exceeded by the lia bilities to the extent of at least n a thousand dollars. Those who will suffer for the most part are working girls. The Dime Savings bank, with 4,000 depositors, one of the old est exclusive banks in Chicago, will go out of existence before the expiration of the ninety-day day notice, which has been re quired of depositors since the suspension of the National bank of Illinois.