14489. Silver City bank (Silver City, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 1, 1895*
Location
Silver City, New Mexico (32.770, -108.280)

Metadata

Model
gpt-5-mini
Short Digest
80c1ca8f

Response Measures

None

Description

Articles (Aug 1895) refer to Receiver Foster of the defunct Deming and Silver City banks, indicating the Silver City bank had already failed and was in receivership. No run or temporary suspension/reopening is mentioned. I classify this as a suspension leading to closure/receivership. OCR corrected minor typos in quoted text but did not change names/dates.

Events (2)
1. August 1, 1895* Receivership
Newspaper Excerpt
Receiver Foster, of the defunct Deming and Silver City banks, has returned from his vacation, taken at the expense of the depositors in these banks.
Source
newspapers
2. March 1, 1896* Other
Newspaper Excerpt
Receiver Foster caused an execution to be levied upon the Sentinel plant to secure payment of a judgement against the Steeple Rock mining company.
Source
newspapers

Newspaper Articles (3)
1. August 16, 1895 Western Liberal Lordsburg, NM
Article from Western Liberal, August 16, 1895

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Article Text

RECEIVER FOSTER of the defunct Deming and Silver City banks has returned from his vacation, taken at the expense of the depositors in these banks. It Is reported that he failed to secure an interview with the holder of that lone share of stock who did not pay the eighty-two dollar assessment. He did find out, however, that his man was hid in the wilds of Vermont, and he will go back next summer, accompanied by an Indian trailer, and round up that man and have a settlement with him, providing, of course, the fellow does not make his escape into New Hampshire in the meantime. While east Mr. Foster attended the first annual meeting of the Universal Brotherhood of Bank Receivers, and was elected vice president for New Mexico. The Brother hood now forms a branch of the great order of Knights of Rest, and its members will hereafter march in all parades and participate in all strikes ordered by the parent order. Before Mr. Foster went east be promised on his return to follow in the footsteps of the Hon. David Politician Curr and print a statement of tis receipts and expenditures, but the Brotherhood of Bank Receivers adopted a by-law forbidding any member giving any information or paying any dividend, and as vice president for New Mexico Mr. Foster feels it incumbent on bim to

2. August 19, 1895 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, August 19, 1895

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Article Text

The "Dane Banks" Receivership. Receiver Foster, of the defunct Deming and Silver City banks, has returned from his vacation, taken at the expense of the depositors in these banks. It is reported that he failed to secure an interview with the holder of that lone share of stock who did not pay the $82 assessment. He did find out, however, that his man was hid in the wilds of Vermont, and he will go back next summer, accompanied by an Indian trailer, and round up the man and have a settlement with him, providing, of course, the fellow does not make his escape into New Hampshire in the meantime. While east Mr. Foster attended the first annual meeting of the Universal Brotherhood of Bank Receivers, and was elected vice president for New Mexico. The brotherhood now forms a branch of the great order of Knights of Rest, and its members will hereafter march in all parades and participate in all strikes ordered by the parent order. Before Mr. Foster went east he promised on his return to follow in the footsteps of the Hon. David Politician Carr and print a statement of his receipts and expenditures, but the Brotherhood of Bank Receivers adopted a by-law forbidding any member giving any information or paying any dividend, and as vice president for New Mexico Mr. Foster feels it incumbent on him to live strictly in accordance with all rules of the brotherhood.-Lordsburg Liberal.

3. March 6, 1896 Western Liberal Lordsburg, NM
Article from Western Liberal, March 6, 1896

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Article Text

A few weeks ago the Silver City Sentinel copied an article from the LIBERAL telling of some of the escapades of E. L. Foster, the receiver of the defunct Deming and Silver City banks. Last week Thursday Receiver Foster caused an execution to be levied upon the Sentinel plant to secure payment of a judgement against the Steeple Rock mining company, of which the owner of the Sentinel is alleged to be a partner. The Sentinel appeared all right this week and promised to show that a mistake had been made. People and papers who ever had dealings with the Dane banks should be careful what they quote from the LIBERAL relative to Receiver Fester. The LIBERAL occupies a unique position. Its owner never was indebted to the Dane banks. On the contrary the bank owes him good, hard money.