14484. Silver City National Bank (Silver City, NM)

View Charter #3539 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3539
Charter Number
3539
Start Date
March 18, 1892
Location
Silver City, New Mexico (32.770, -108.280)

Metadata

Model
gpt-5-mini
Short Digest
9b5a4b8f

Response Measures

None

Description

Contemporary articles identify the Silver City National Bank as defunct/failed with a federal receiver appointed and criminal charges (embezzlement) against officers. No run is mentioned. Receivers declared dividends over following years, indicating permanent closure and liquidation under a receiver.

Events (5)
1. March 18, 1892 Receivership
Newspaper Excerpt
It appears that Isaac Smith, the Vermonter who was recently appointed by the government as receiver of the Deming bank, has unearthed enough to make it look pretty serious for both Dane and Siebold and the federal authorities have preferred charges of embezzlement against them. The accused are now in the hands of officers at Silver City.
Source
newspapers
2. March 18, 1892 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank described as defunct; federal receiver unearthed evidence leading to embezzlement charges against president and cashier (Dane and Siebold).
Newspaper Excerpt
The President and Cashier of the Silver City. ... the defunct National banks at Deming and Silver City.
Source
newspapers
3. October 12, 1892 Other
Newspaper Excerpt
The appraisers of the assigned estates of Charles H. Dane and Mary L. Dane have nearly completed their labors at Deming. ... Receiver Isaac M. Smith, of the defunct Silver City and Deming national banks, expressed the opinion that the final settlement ... will show matters to be in better shape than is generally anticipated.
Source
newspapers
4. October 3, 1893 Other
Newspaper Excerpt
After Many Years the Defunct Silver City and Deming Banks Declare Another Dividend. E. L. Foster, receiver of the failed Silver City and Deming National banks, has been informed by Comptroller Eckles that another dividend will be declared...
Source
newspapers
5. January 13, 1894 Other
Newspaper Excerpt
Fergusson Recommended. Yesterday E L. Foster, receiver of the suspended Silver City and Deming National banks, was in the city on business...
Source
newspapers

Newspaper Articles (6)
1. March 18, 1892 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, March 18, 1892

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Article Text

DANE ALSO ARRESTED. The President and Cashier of the Silver City. - Deming Banks in tho Toils. Yesterday the NEW MEXICAN announced the arrest of Frank Siebold, cashier of the Deming National bank, which recently failed. To-day word comes to hand from Deming that much excitement prevails there over the arrest also of C. H. Dane, president of both the defunct National banks at Deming and Silver City. It appears that Isaac Smith, the Vermonter who was recently appointed by the government as receiver of the Deming bank, has unearthed enough to make it look pretty serious for both Dane and Siebold and the federal authorities have preferred charges of embezzlement against them. The accused are now in the hands of officers at Silver City.

2. October 12, 1892 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, October 12, 1892

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Article Text

The Dane Banks. The appraisers of the assigned estates of Charles H. Dane and Mary L. Dane have nearly completed their labors at Deming. It is stated that the assets are much larger than expected. In an interview Receiver Isaac M. Smith, of the defunct Silver City and Deming national banks, expressed the opinion that the final settlement of the affairs of those institutions would show matters to be in better shape than is generally anticipated. Thus far something like $25,000 of claims due the banks have been collected, and Mr. Smith has great hopes of obtaining enough from the stockholders to pay at least 60 cents on the dollar. If the stockholders respond to the assessment levied by the comptroller of the currency, the banks will be able to pay dollar for dollar. It is thought that the first dividend will be declared in the next week or so, and the general opinion is that it will be 25 per cent. Mr. Smith appears to think that at least 59 or 60 per cent will be realized by the time the affairs are finally adjusted.

3. November 25, 1892 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, November 25, 1892

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Article Text

ALBUQUERQUE ECHOES. on The Citizen "just laid itself out newsy edition Wednesday Louis Kornberg and wife contemplate trip abroad for the benefit of Mr. Kornberg's health. The annual fair of the Non-Sectarian Benevolent society will be during the first week of December Mr. Charlea Zeiger is going to tear down the frame buildings on the northeast corner of Railroad avenue and Second street, and will erect a handsome business block. Santa W. D. Grossett. chief clerk 01 Viver, Fe land department, and I' have gone to Eddy to study ful irrigation ditches of that CO. Win. Griffin, the builder, has been engaged to erect thirty new houses for the colonists on the Bio His open up a large house wife English will boarding Puerco. in same one of the first M. the M. valley Howe, place. settlers in this after the advent of the railroad, and whose home has been for several years on a fine ranch south of this city, died Wednesday morning after several weeks excruciating suffering from cancer of the stomach. At the fireman's ball the voting contest was very spirited, there being It number of contestants for the watch and rose jar When acktwelves Miss Candelaria Armijo had 290 votes and Miss Edith Alvord 255. They were therefore given the prizes. The amount of money realized was $89.90. Mrs. Clarence A. Hudson's ball dress had a soiled spot on it and the ever cleansing but dangerous gasoline was called in. Mrs. Hudson, knowing its inflammable character, went out on the kitchen porch and began using it. The kitchen fire demanded her attention, and passing into the room, forgetting the subtle power of the liquid, she was in flames in a moment. She ran out of doors and was soon enveloped in flames. Her hair was badly singed, and the flames ate their way into the flesh of her arms and back, but her life IS assured. should the nervous shock not prove too great The flames from her dress caught the tinder like, newly painted woodwork of the kitchen and the house was destroyed. RATON'S ROUND-UP Col. W. Dwyer's new home is under roof and is being pushed toward completion. Sheep buyers from ail sections are still scouring and a purchaser at desirable New finds Mexico, everything prices somewhat in advance of those paid last year. Daniel Doyle one of Raton's best and a most and Brislin. known citizens. estimable Miss Catherine highly lady, were united in marriage. Rev. Father O'Keefe officiated at the ceremonies A fruit, vegetable and hay commission the the of Mexico a business. house in products would be Raton of profitable this for section marketing New Proper- of ly managed, it would be of great benefit to the town and an advantage to farmers within reach. Aztee Commandery No. 5, Knights Templar, has been instituted at Raton, with the following chief officers: Eminent commander, C. N. Blackwell: generalissimo, E. V. Hestwood; captain general, P. P. Fanning. This commandery starts off under most favorable conditions and will take high rank in the fraternity. Last Friday Marshal James Howe returned to Raton with the badly decayed remains of Fred Welch. It seems that about a year ago a lot of finely bred cattle were stolen from near Gladstone, this county, belonging to a Mr. Kitchen. Welch was supposed to know who stole the cattle and was killed and his body sunk in the Canadian river near Liberty to prevent his divulging the information. His body was fully identified by his brother-in-law. Walter Brooks. GRANT COUNTY WAIFS. Judge Ginn is acting district attorney in the absence of District Attorney Ancheta. Huntera are beginning to bring in deer from the mountains. They seem to be plenty this year. The people of Deming are still waiting for work to be actively commenced on the new railroad into Mexico. It is reported that the delinquent tax list this year will be larger than ever before in the history of the county. The receiver of the defunct Silver City and Deming National banks has a number of cases in court which were brought against holders of overdue notes in the possession of the bank. There is good prospects that the alum beds on the Gila will be opened in the near future. A railroad is being talked of to the Gila, which will enable the owners of these mines to operate them on large scale. The payment of the first dividend of 20 per cent to the creditors of the First National bank, of Silver City, was commenced last Thursday morning. Over $10,000 have already been paid out on account of this dividend. There are between forty and fifty men at work in the placers at Pinos Altos. The supply of water is not as large as it usually is at this season of the year and there are not 80 many men at work as there would be if water was plentiful. A strike of great importance was made in John Brockman's mine at Lone Mountain last week, Over 200 tons of the ore have been taken out and it is believed that it will run over $100 per ton. This is the richest strike ever made in Lone Mountain district.

4. October 3, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, October 3, 1893

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Article Text

MOVING SLOWLY. After Many Years the Defunct Silver City and Deming Banks Declare Another Dividend. E. L. Foster, receiver of the failed Silver City and Deming National banks, has been informed by Comptroller Eckles that another dividend will be declared, and he is now busy making out the checks and schedules. The dividend ordered is 20 per cent for Silver City and 15 per cent for Deming. This makes the total dividend for both banks 40 per cent. Stockholders in the Deming bank have been assessed 82 per cent of their stock, and the Silver City people 50 per cent. A new assessment up to the full amount of stock will soon be ordered together with a sale of all property. This will probably allow total dividends in Deming of 50, possibly 60 per cent, and at Silver City nearly dollar for dollar.

5. January 13, 1894 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, January 13, 1894

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Article Text

Fergusson Recommended. Yesterday E 1. Foster, receiver of the suspended Silver City and Deming National banks. was in the city on business, and left this morning for the east. Neill B. Field has been officiating as attorney to Receiver Foster, but yesterday the gentleman recommended AN his attorney. H. B. Fergusson, subject to the approval of the secretary of the treasury. and his recommendation was mailed at once to Washington. While Mr. Foster was in the city he was the guest of Receiver Schefield, of the Albuquerque National bank.

6. September 15, 1894 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, September 15, 1894

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Article Text

From Tuesday's Daily Judge W E. Kelly. of Socorro, is at the San Felipe. Chas Neustadt. of Santa Fe, is here and will enjoy the fair. Mr. and Mrs. Keegan, of Gallup, are guests of Mrs M. McCue. Mrs. Wm. Borden has returned from a txo months' visit in Missouri G. W. Bixler, agent at Coolidge, arrived on the one o'clock train Francis Baker. of Santa Fe. is here as the guest of G. G Montgomery. L. B Putney and son, Robert, are rueticating at the Jemes hot springs. C. Lowenberg. the Pena Blanca mer chant, is registered at the European. Harry Ainsworth. who has been visit ing Raton. returned to the city last night. Mrs. J. H Hoffman. wife of the engineer, was among the arrivals to-day from Gallup. J L. Van Aredel. of Santa Fe. and many more from the territorial capital, are at the San Felipe. Mrs. W F. Kuchenbecker, and Mrs. Worth Keene, of Gallup, are settled nicely at the European. W C. Montfort, of Gallup, accompanied by his wife, is here, the guest of his father. H. A. Montfort. Ivan Crunsfeld and Gus Becker returned from a Southern trip on Monday and report trade improving. G. Ford. of San Marcial, is here and was noticed "whooping her up" for the San Marcial team this morning. E. L. Foster, receiver of the Deming and Silver City defunct national banks. came up from the south last night. J P. Lantz, a member of one of the local lodges, is here from Gallup. where he is agent for Gross. Blackwell & Co. Miss Mabel Anderson, daughter of D. L Anderson, bas returned from Santa Monica, Cal., to attend school here. Dr. Fitzhugh, one of the pension commissioners who has been making his headquarters in El Paso, is in the city. Min. Emma Kirkpatrick, teacher of the school at Lake Valley, is at home with her mother, and will remain during the fair. F. C. Barker, editor of the Farm and Orchard, published at Las Cruces, is in the city and will help make the fair a success. Chas. Harding, one of the heaviest tax payers of Gallup. is making an extended stay in the city. He in now in business in Bland. J. C. Spears. ex-mine inspector for the territory, and wife came down from the Cochiti mining district last night and are at the European. Mrs J B. Block. of Jemes Springs, came in to the city last evening. and this afternoon went east on a visit which will last several weeks. General Agent 8. H. Newman, of the New York Life, with headquarters in El Paso, is in the city. Mr. Newman is an old newapaper man. Visa Bertha Rupert, of Gallup, will probably be the new teacher at that place, there being a demand for increased service in the schools. W Adolph Fischer and bis wife, nee Gable. the daughter of everybody's friend, "Tom Gable" of Santa Fe, are visiting Mr. and Mrs. Schofield. T. A Goodwin, who was with the Mandelie some years ago, and worked on the club building, is here from Santa Fe, as a member of the Grand Lodge. Sam Brown, Grog. Page and Tom Hinch, of Gallup, were kept home by pressing business. Their best wishes go with the Crescent base ball club. Frank Meredith, the carpenter. and family, who have been visiting Illinois relatives and friends, returned home last sight, and he states that all had a splendid vacation. A. A Levy, merchant of Sabinal, is here with his wife, who is here receiving medical treatment from Drs Kaster and Easterday The lady is recovering, and Mr Levy is . happy man. O. E. Gents, hotel keeper of Hillsboro, came up from the south last night, and will remain during the fair. W. L. Marshall, also of Hillsboro, is here taking in the many interesting events. Judge Douglass, father of Mrs. F M Bidings, of Colorado Springs, accompanied by his wife and daughter, are in the city. and wall remain during the fair, the guests of F. M. Eddings. Mrs. Duaglass