14483. Peoples Savings Bank & Trust Company (Silver City, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
January 1, 1918*
Location
Silver City, New Mexico (32.770, -108.280)

Metadata

Model
gpt-5-mini
Short Digest
1898c61c

Response Measures

None

Description

Newspaper items from January 1918 identify Charles B. Morrill as receiver of the People's/Peoples Savings Bank and Trust Company of Silver City and report distributions of assets, indicating the bank was closed and in receivership/being liquidated. No article describes a depositor run prior to suspension; the closure appears to be by appointment of a receiver (government/court action). Minor OCR correction: article uses People's; bank name provided as Peoples retained.

Events (3)

1. January 1, 1918* Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (receiver Charles B. Morrill named in court cases); payments suspended as part of receivership.
Newspaper Excerpt
Chas. B. Morrill, receiver of the People's Savings Bank and Trust company of Silver City, N. M.
Source
newspapers
2. January 10, 1918 Receivership
Newspaper Excerpt
Charles B. Morrill, receiver of the People's Savings Bank and Trust Co, Appellee, vs. M. D. Mastin et al. ... action brought by Chas. B. Morrill, receiver of the People's Savings Bank and Trust company of Silver City, N. M., appellee, against M. D. Martin ... Judgment of the court below affirmed.
Source
newspapers
3. January 18, 1918 Other
Newspaper Excerpt
Charles B. Morrill, receiver of the People's Savings bank of Silver City is making his first distribution of assets, amounting to $8,000 or 15 per cent. of the claims.
Source
newspapers

Newspaper Articles (2)

Article from El Nuevo Mexicano, January 10, 1918

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Article Text

TWO CASES DECIDED BY SUPREME COURT The supreme court decided the following cases today: Charles B. Mortill, receiver of the People's Savings Bank and Trust Co, Appellee, vs. M. D. Mastin et al. Appellants. Grant county, No. 2031. This is an action brought by Chas. B. Morrill, receiver of the People's Savings Bank and Trust company of Silver City, N. M., appellee, against M. D. Martin, upon a promissory note executed by appellant in favor of the Capital Savings Investment Co., a foreign corporation authorized to do business in this state, from a judgment entered upon a directed verdict the appellant appeals. Judgment of the court below affirmed. Opinion by Hanna, C. J. Parker and Roberts, J. J., concurring. Eddy County Case George H, Buss, Appelle, VS. The Kemp Lumber Co., etc., No. 2070, Eddy county. This is a suit by George H. Buss, appellee, against John H. Fox, E. F. Hardwick and the Kemp Lumber company, to recover a personal judgment against Fox, obtain a foreclosure of a mortgage executed by Fox and determine the priority of claims between the appellee and Hardwick and the Kemp Lumber company. The Kemp Lumber company has perfected this appeal from a judgment rendered by the trial court in favor of the appellee. Judgment of the court below reversed, with directions to overrule the demurrer to the appellant's answer. Opinion by Parker, justice, Roberts, justice, concurring, Hanna, chief justice, dissenting.


Article from Western Liberal, January 18, 1918

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Article Text

Distributing First Assets of Bank. Santa Fe.-Charles B. Morrill, receiver of the People's Savings bank of Silver City is making his first distribution of assets, amounting to $8,000 or 15 per cent. of the claims.