Plaza Trust & Savings Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: July 31, 1923
Location: Las Vegas, New Mexico (35.594, -105.224)

Metadata

Model: gpt-5-mini
Short Digest: 2be74e95

Response Measures

None

Description

Article (Winslow Mail, 1923-09-07) states the Plaza Trust and Savings Bank at Las Vegas suspended and that public funds there appear to have been safeguarded by surety bonds. No run is mentioned and no explicit statement about permanent closure or reopening is given; deposits being protected suggests a temporary suspension rather than failure, so I classify as suspension_reopening. Date of the county treasurer's report is July 31, 1923 and the article was published Sept 7, 1923; the suspension is referenced in that context so I use the treasurer report date as the best available date for the suspension.

Events (1)

1. July 31, 1923 Suspension

Cause Details: Article does not give a reason for the suspension; only notes deposits were safeguarded by surety bonds.
Newspaper Excerpt: Public funds in the Plaza Trust and Savings Bank at Las Vegas, which suspended, appear to have been fully safeguarded.
Source: newspapers

Newspaper Articles (1)

1. September 7, 1923 The Winslow Mail Winslow, AZ

Article from The Winslow Mail, September 7, 1923

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Article Text

DRILL ARIZONA ITEMS Drilling on the Southwestern Tularosa Oil and Refining Company's No. 1 well, near Tularosa, will be resumed September 10. Announcement was made at Gallup that the property, known as the Candy Shop, has been purchased by the First National Bank, for about $17,000. James Gassaway, a switchman for the Santa Fe in the yards at Hurley, was instantly killed when he fell from the engine of the train. The three cuttings of alfalfa on the farms of the Storrie project this year will yield over 2,000 tons according to a report made by T. W. Conway. Dr. A. M. Chavellierm of Gallup, has leased a tract of land to operators from California, and drilling is to be started as soon as the tools can be shipped. As the result of a near cloudburst in Dog canyon near Alamogordo, about one mile of the main highway from Alamogordo to El Paso was washed away. About fifty autos were stalled in the mud and garage men spent the entire night trying to get some of the tourists out of the mire. One young man was burned to death and his companion perhaps fatally burned in an explosion on the Charles Springer ranch near the farming community of Miami, fifty miles northeast of Las Vegas when Virgil Metzer and Fred Turtle attempted to pour kerosene into a lighted lamp. Impressive ceremonies marked the laying of the cornerstone of the new club house of the Silver City Lodge No. 413, B. P. O. Elks recently. The plans of the new building call for one of the finest structures of the kind in the southwest and when completed it will cost over $50,000 exclusive of the furnishings. Formal application was asked of the International Rotary for a charter for a Rotary Club in Silver City. G. A. Martin, district governor, of El Paso, visited the city to help promote the organization. The business men are very enthusiastic over the new club and it will start with a charter membership of sixteen. In a cave-in at the property of the Co-operative Mining Company, fifteen miles northeast of Silver City, six men were trapped. The men were working in a drift at the bottom of a 130-foot shaft when the accident occurred. A large crew of men working in fifteenminute shifts reached one body, identified as Peter Jones of Central, N. M. One of the features of the big Indian ceremonial, which is to be held in Gallup September 13 to 15. will be the St. Michaels' Indian band of twenty-five pieces which has delighted Gallup audiences on several occasions. The band is one of the finest in the southwest and all the musicians are Indians who play under the direction of Prof. Rivera. The body of an unidentified boy about 18 years of age, with the head and one arm cut off, was found one mile west of the Santa Fe roundhouse at Deming, lying beside the Southern Pacific tracks. No papers or marks of identification were found on the body. Report of a coroner's jury indicated that death must have resulted when the boy fell from the "rods" in a freight train. Suit asking $10,000 as actual and punitive damages was filed in District Court at Albuquerque by Samuel E. Lewis, against State Prohibition Director D. W. Snyder, his son, D. W. Snyder. Jr., and Thomas J. Brooks, a prohibition agent, as a result of a search which was made on Aug. 16, in Lewis' rooms in the Vendome hotel. The complaint says the officers ransacked the room and did actual damage of $30. Public funds in the Plaza Trust and Savings Bank at Las Vegas, which suspended, appear to have been fully safeguarded. The state had $4,500 there and the court of San Miguel $10,006.65, according to the county treasurer's last report to Comptroller R. H. Carter, dated July 31. Both deposits were protected by surety bonds, amounting to $5,000 in the case of the state and $30,000 in the case of the county. The magnitude of the business that goes through his office is reflected in State Auditor Juan N. Vigil's report for the first and second quarter of the eleventh fiscal year, closed May 31. It shows receipts amounted to $1.292, 377.78 for the first quarter and $1,722, 842.59 for the second, and disbursements to be $1,423,623.65 for the first, and $1,383,879.66. The balance on hand at the close of the second quarter, May 31, totalled $5,189,349.15. The Springer Kiwanis Club was organized at a banquet, held at the Manhattan cafe. The following officers were elected: President, W. B. Blake: vice president, L. I. Taylor; secretary, F. T. Adams; treasurer, W. U. Etheredge.