20110. Cheyenne National Bank (Cheyenne, WY)

View Charter #3416 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
3416
Charter Number
3416
Start Date
November 13, 1891
Location
Cheyenne, Wyoming (41.140, -104.820)

Metadata

Model
gpt-5-mini
Short Digest
4c1794038de698a2

Response Measures

Accommodated withdrawals, Full suspension, Books examined

Receivership Details

Depositor recovery rate
61.0%
Date receivership started
1891-12-05
Date receivership terminated
1899-05-31
OCC cause of failure
Fraud
Share of assets assessed as good
28.3%
Share of assets assessed as doubtful
64.8%
Share of assets assessed as worthless
6.9%

Description

A sudden run (large withdrawals) on Nov 13–14, 1891, triggered by the failure of the California National Bank (San Diego) and connections to J. W. Collins, led the Cheyenne National to post a temporary suspension. Examiners took charge and a receiver was appointed; the bank proceeded to liquidation with dividends declared in 1892. Cause maps to failure/distress of a correspondent/connected bank (correspondent). OCR minor name variants corrected (Beard/Beard/George L. Beard as cashier).

Events (6)
1. December 2, 1885 Chartered
Source
historical_nic
2. November 13, 1891 Run
Cause
Correspondent
Cause Details
Failure/breaking of the California National Bank at San Diego (same president J. W. Collins) prompted depositors to withdraw funds.
Measures
Doors were closed after cash on hand was exhausted; bank declined aid from other banks; notified Comptroller and awaited examiner.
Newspaper Excerpt
Several large sums were drawn from the local institution the first thing this morning and a run precipitated.
Source
newspapers
3. November 13, 1891 Suspension
Cause
Correspondent
Cause Details
Temporary suspension announced due to absence of funds caused by the San Diego bank failure and the run it provoked.
Newspaper Excerpt
A notice was posted ... business has been temporarily suspended on account of the absence of funds to meet the demands of the depositors.
Source
newspapers
4. December 5, 1891 Receivership
Source
historical_nic
5. December 5, 1891 Receivership
Newspaper Excerpt
the comptroller of the currency has appointed J. W. Foster ... receiver of the Cheyenne National bank.
Source
newspapers
6. March 1, 1892 Other
Newspaper Excerpt
Receiver Foster ... received ... dividend of 25 per cent to the depositors of the suspended bank. The money will be ready for distribution about March 15.
Source
newspapers

Newspaper Articles (24)
1. November 14, 1891 Evening Star Washington, DC
Article from Evening Star, November 14, 1891

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The Cheyenne (Wyo.) Bank Closes. The Cheyenne National Bank of Cheyenne, Wyo., closed its doors after a run of an hour yesterday and posted a notice announcing temporary suspension on account of lack of funds to meet the demands of the depositors. The liabilities are $250,000 and the bank is solvent with $40.000 in exchange in Chicago and New York. The failure was caused by the breaking of the California Bank at San Diego, Cal. J. W. Collins was at the head of both institutions. Senator John Sherman is a stockholder of this bank and John Jay Knox of New York is another.

2. November 14, 1891 New-York Tribune New York, NY
Article from New-York Tribune, November 14, 1891

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A WYOMING BANK SUSPENDS. Cheyenne, Wy., Nov. 13.-A notice was posted to-day at the Cheyenne National Bank to the effect that business has been temporarily suspended on account of the absence of funds to meet the demands of the depositors. This is caused by the failure of the Bank of California, at San Diego, J. W. Collins having been at the head of both houses. Several large sums were drawn from the local institution the first thing this morning and 3 run precipitated. No figures can be had now. but the people are confident that the bank will be reorganized and resume in a few days.

3. November 14, 1891 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, November 14, 1891

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with the Cheyenne National. Through no lack of confidence in the Cheyenne institution of itself, but not knowing to what extent Collins' failure, which was believed to be a bad one, would involve the local institution, they concluded that the safe side was the side of prudence and therefore went for their money and got it so long as there was anything to get. All of this was so sudden as to be startling. It was figured out that if a run was begun with the big depositors that a panicmight ensue among the smaller ones, and that the bank, to hold up against it and protect all of its depositors alike, must be able to pay on demand pretty nearly the full amount of its deposits. or something like $283,000. To stem such a current was a matter of physical impossibility. It was therefore decided to not attempt it by accepting assistance from any other banks and the doors were consequently closed. Under the circumstances this was undoubtedly the part of wisdom, as all the bank collateral is now held intact and every depositor is upon precisely the same footing. Comptroller of the Currency Lacey was immediately notified of the suspension and soon afterward telegraphed from Washington that Bank Examiner Griffith would be sent here to take charge of affairs. In the meantime the bank remains in statu quo. Its books are balanced up to the time of closing and Cashier Beard sees that everything is kept intact until the bank examiner arrives. When that official comes the bank and everything appertaining passes under his exclusive control. He makes a thorough examination of all its affairs and until that is done and he has presented his report the doors remain closed. If his report is favorable it then remains with the stockholders to reorganize and continue business if they PO desire, but in the meantime the government is in possession and the bank cannot move a wheel. The question of the extent to which Collins has involved the Cheyenne National, if at all, has naturally aroused a good deal of discussion. THE LEADER has it on what it believes to be undoubted authority that he is indebted to the bank in about $25,000 and that Mr. Beard himself is the endorser and therefore upon him will probably fall that whole loss. The Cheyenne National bank commenced business Jan. 2, 1886. It was organized by John W. Collins. who became its cashier. N. R. Davis was its first president. Subsequently Mr. Collins extended his operations to California, and settling in San Diego, established the California National bank with a capital stock of $500,000. He was succeeded as cashier by F. E. Addoms, Mr. E. R. Hurd becoming vice president. Later the interests held by Messrs. Addoms, Davis and Hurd were purchased by Collins who became president. Geo. L. Beard then assumed the position of cashier and as the president was absorbed in his California business the management of the bank fell almost altogether on Mr. Beard's shoulders. At a meeting of the board of directors held on Thursday evening the bank was reorganized with A. G. McGregor as president and John L. Murray as vice president. The Collins failure in San Diego is generally believed here to be a pretty bad one. There has been an extraordinary shrinkage in the value of real estate in that city and the electric car line in which Collins has been heavily interested has proven a losing investment, in fact a perfect sinkhole for money. The feeling in Cheyenne last night was one of equanimity. The actual state of affairs at the Cheyenne bank seemed to be pretty well understood, and while everyone sincerely regretted the suspension no one seemed to have any fears that the depositors would fail to realize every cent of their deposits.

4. November 14, 1891 The Sun New York, NY
Article from The Sun, November 14, 1891

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SENATOR SHERMAN HAS STOCK IN IT. The Cheyenne National Bank Stops with Liabilities of $260,000, CHEYENNE. Nov. 13.-A notice posted at the Cheyenne National Bank is to the effect that business is temporarily suspended on account of the absence of funds to meet the demands of the depositors. This is caused by the failure of the Bank of California at San Diego. J. W. Collins having been at the head of both houses. Several large sums were drawn from the local institution the first thing this morning and a run followed. No statement has been made, but the people are confident that the bank will be reorganized in a few days. Senator John Sherman and John Jay Knox have stock in the bank. It is estimated that the liabilities of the bank are $260,000.

5. November 15, 1891 The Morning News Savannah, GA
Article from The Morning News, November 15, 1891

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BROKEN BANKS. Examiners to Take Charge at San Diego and Cheyenne. WASHINGTON, Nov. 14.-Mr. Lacey, controller of the currency, has instructed the bank examiners to take charge of the Cheyenne National Bank of Cheyenne and the National Bank of San Diego, Cal., both of which failed during the week. Their affairs are somewhat connected, as the same officers are practically in charge of both banks. Controller Lacey says he does not know whether the report that Senator Sherman is a stockholder of the Cheyenne bank is true or not. NO NEW RUN AT CHEYENNE. CHEYENNE, WYO., Nov. 14.-Controller Lacey wires from Washington that Examiner Griffiths is on the way here to take charge of the Cheyenne National bank, which failed yesterday. Business is progressing as usual, none of the other Banks being bothered, though all are fortified for the results. The liabilities of the Cheyenne National Bank are $318,000, with assets of twice that amount and such men as Senator John Sherman and, John Jay Knox of New York holding blocks of stock. At a meeting Thursday evening when other city bankers attended on invitation, the involved bank was found to be in excellent shape and in confidence that, there would be no rush the doors were thrown open at 10 o'clock Wednesday morning, only to be closed in an hour when the $45,000 cash on hand was exhausted. THREE HEAVY DEPOSITORS SCARED. Three heavy depositors who were expected to assist were the first to draw and took two-thirds of the sum available. This frightened the small depositors. The Cheyenne National Bank will liquidate in full. The calling in of loans by the examiner or receiver will put a cramp on some local concerns, as the bank was practically carrying a good many men. The bank started in 1886 and has always been conducted aggressively by young men.

6. November 15, 1891 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, November 15, 1891

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THEY CRASHED IN CONCERT. Cheyenne and San Diego Banks Go to the Wall Completely. CHTYENNE, Wyo., Nov. 13.-[Special Telegram to THE BEE.]-The Cheyenne National bank closed its doors at 11 o'clock this morning. The suspension is entirely due to the failure of the California National bank of San Diego, Cal. John W. Collins of San Diego being president of both banks. The suspension was an immense surprise, as the bank was generally known to be in a perfectly solvent condition and the announcement caused great excitement for a time. The true state of affairs soon became known, however, and business at the other banks was simply of the ordinary nature during the day. The announcement of the failure of the Collins bank in California made in this morning papers caused a sudden and in some respects an unexpected run. The Cheyenne National had $35,000 in cash in its vaults. One depositor alone took out $13,000 and the others in large proportion. In less than an hour the bank was cleaned out of its cash. This run was from such an unexpected quarter, but it soon became evident that little short of the actual amount due depositors would satisfy them, so aid from other banks was declined and the doors were closed. At the close of business Thursday night the bank made the following showing: Loans, $335,000; cash on hand, $35,000; cash in eastern exchanges, $45,000, or $475,000 in all. To offset this there was due to depositors $318,000. After reserving nothing but gilt edged securities the bank was shown to be solvent over all liabilities $87,000. The Cheyenne bank was first opened for business January 2, 1885. John W. Collins has for several years been president and George L. Beard cashier,

7. November 15, 1891 Telegram-Herald Grand Rapids, MI
Article from Telegram-Herald, November 15, 1891

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Closed Its Doora CHEYENNE, Wyo., Nov. 14.-The Cheyenne national bank closed its doors after 3 run of an hour Friday and posted a notice announcing temporary suspension on account of lack of funds to meet the demands of depositors. The liabilities are $260,000, and the bank is solvent with $40,000 in exchange in Chicago and New York. The failure was caused by the breaking of the California bank at San Diego, Cal.

8. November 15, 1891 New-York Tribune New York, NY
Article from New-York Tribune, November 15, 1891

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MISPLACED CONFIDENCE IN DEPOSITORS. Cheyenne, Wyo., Nov. 14.-Controller Lacey telegraphs from Washington that Examiner Griffiths Is on the way here to take charge of the Cheyenne National Bank, the suspension of which was announced yesterday. Business is in progress as usual in the city, none of the other banks Seing bothered, though all are fortified for results. The liabilities of the Cheyenne National Bank are $318,000 with assets twice that amount, such men as Senator John Sherman and ex-Controller John Jay Knox, of New-York, holding blocks of the stock. At a meeting Thursday evening, which the other city bankers attended on invitation, the involved bank was found to be in excellent shape, and in the confidence that there would be no rush the doors were thrown open at 10 o'clock Wednesday morning, only to be closed in an hour when the $45,000 cash on hand was exhausted. Three heavy depositors who were expected to assist were the first to draw, and took two-thirds of the sum available. This frightened the small depositors. The Cheyenne National Bank will liquidate in full. The only bad feature is that the calling in of loans by the examiner or receiver will cramp some local concerns, as the bank was practically carrying a good many men. The depositors will petition for the appointment of Cashier Beard as receiver. His private fortune of $40,000 has been covered into the bunch of assets. There is $40,000 of exchange in Chicago and New-York that will be called as soon as the examiner takes hold. This bank was started in 1886.

9. November 15, 1891 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, November 15, 1891

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Liabilities of the Cheyenne Bank. CHEYENNE, Nov. 14.-The liabilities of the Cheyenne National bank are $318,000 with assets twice that amount and such men as John Sherman and John Jay Knox holding blocks of stock. The Cheyenne National bank will liquidate in full. The only bad feature is that the calling in of loans by the examiner or receiver will put a cramp on some local concerns.

10. November 17, 1891 The Record-Union Sacramento, CA
Article from The Record-Union, November 17, 1891

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THE ALLIANCE MOVEMENT. All the Organizations to Meet at Indianapolis This Week. ACTION TO BE TAKEN ON THE UNIFICATION OF INTERESTS George A. Board, Cashier of the Suspended Cheyenne National Bank, Sends a Bullet Throngh His BrainTwo Editors Placed Under Arrest in Florida While Starting Out to Settle a Dispute on the Field of Honor.

11. November 17, 1891 The Helena Independent Helena, MT
Article from The Helena Independent, November 17, 1891

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His Quletus Made. CHEYENNE. Nov. 16.-George A. Beard, cashier of the suspended Cheyenne National bank sent a bullet into his brain this morning. He WAS in consultation the greater part of yesterday with Examiner Griffith and the attorney of the bank. During the interview he seemed despondent and spoke of rumors circulated about him, asking if the others thought it best that he denv them, but they advised him to pay no attention to the stories-time would vindicate his course. He spent the evening at his club and on going to his room appeared to have forgotten his troubles. Not responding when called this morning his room was forced open and he was found with 8 bullet wound behind the right ear, dead." There is now beginning to exist fear about the bank's condition, which, however, appears solvent. Colline, the president. owes $25,000. Beard endorsed this.

12. November 17, 1891 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, November 17, 1891

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A BULLET IN HIS BRAIN. The Cashier of the Suspended Cheyenne Bank Suicides. CHEYENNE, Wyo., Nov. -George A. Beard, cashier of the suspended Cheyenne National bank, sent a bullet into his brain this morning. He was in consultation the greater part of yesterday with Examiner Griffith and the attorney of the bank. During the interview he seemed despondent and spoke of rumors circulated about him, asking if the others thought best that he should deny them, but they said: "Pay no attention to the stories; time will indicate your course." Heepent the evening at a club and on going to his room appeared to have forgotten his troubles. As he did not respond when called this morning the room was forced open and he was found with a bullet wound behind the right ear, dead. There are now beginning to exist fears about the bank's condition, which, however, appears solvent. Collins, the president, owes $25,000, and Beard had endorsed this.

13. November 17, 1891 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, November 17, 1891

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farm His education was received in the public schools, with a finishing course at the state normal schools. At an early age he entered a bank at York, Pa. About this date ten years ago he was brought to Cheyenne by John W. Coliins, who had known him in the East, and given a position as teller in the banking house of Morton E. Post & Co., of which institution Collins was then cashier. In the fall of 1885 Collins organized the Cheyenne National bank. N. R. Davis was president, Collins, cashier, and E. R. Hurd and F. E. Addoms heavy stockholders. Beard became assistant cashier. Some time later Collins decided to go to California, and while still holding his interest in the bank here established the California National at San Diego, with himself as president and D. D. Dare, formerly of Cheyenne, as cashier. Mr. Addoms succeeded as cashier. About two years ago the bank was reorganized, the captal stock increased from $100,000 to $150,000, Collins going in as president and Beard as cashier. The growth of the bank in that time, due almost entirely to the energy, business tact and unimpeachable integrity of Mr. Beard, has been remarkable. He was an extremely circumspect man for his years and the hold which he had on the public confidence was manifested in a remarkable manner when the bank suspended. Mr. Beard's father is cashier of the First National bank in Wrightsville, Pa., and is in very well to do circumstances. The mother has long been an invalid. A brother is assistant cashier of a bank in York, Pa. He had a sister whose mind was unbalanced through religious enthusiasm while a half sister now lives at home. Beard's personal estate foots up about $30,000. He carried life insurance to the amount of $40,000, all of which is payable to his estate. He was unmarried.

14. November 21, 1891 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, November 21, 1891

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A Receiver Will Be Appointed. There was very little development at the Cheyenne National bank yesterday. A report from Omaha showed that the Cheyenne bank's cash balance was the same as it appeared on the books here. Examiner Griffith will remain here several weeks-perhaps a month. Every thing in relation to the bank is made out in duplicate so that the comptroller's office may be as fully informed of the bank as is the examiner. A receiver is to be appointed. J. Ware Foster. state examiner, has been favorably mentioned in this connection and it would not be surprising should he receive the appointment. The salary attached to the posi tion is $2,400 a year, with no allowance for clerk hire. Until this appointment is made, the receiver is upon the ground, his bond approved and his receipt taken for everything about the bank, Mr. Griffith will continue in charge of affairs. Just as soon as the examination is entirely completed the work of liquidation will be commenced.

15. November 25, 1891 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, November 25, 1891

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here "The Daily Leader" May be Found. CHEYENNE-J. K. Jeffrey's and Theodore G. nton's. CHICAGO-Clifton House, Wabash avenue d Monroe street. ARAMIE-W. H. Williston's, Second and ornburg streets. ROCK SPRINGS-D. O. McHugh's postoffice *9.10 RAWLINS-Louis Schalk's book store. THE THING SHOULD STOP. It is high time a halt was called in the ovement now on foot with reference to el Chevenne National bank. We can el in it nothing but a deliberate determition to bring about a feeling of general security with reference to the bank's asts 80 that frightened or over credulous positors may be induced to part with their rtificates of deposit at half or less than If their face value. Since the advent Mr. E. A. Reed of Ogden the town s been filled with rumors tending to shearten depositors. The indebtedness Mr. John W. Collins to the bank has en grossly exaggerated until in the nds of some misinformed persons the titution has been actually looted by children Rightes Tenpisipal at be official (but in reality her imaginary or based on the grossest sinformation) are being hawked about show the indebtedness of various local lividuals to the bank. The credit of ny local firms has thus been assailed, eir relations to the bank misrepresented a their obligations magnified beyond reason, until, if all these malicious tements are to be believed. the instituni is hopelessly bankrupt, the credit of ny business men is utterly destroyed d the very devil is to pay throughout , corporate limits of Chevenne. These nors may not have been started by Mr. ed nor by the agents whom he has attered about the city, but this fact is ontestible, that the many baleful mors now flying about had rise coincint with the arrival of Mr. Reed in eyenne. But for its possible penicious conseences the meeting held at Keefe hall t evening would have been too ludicrous deserve serious public consideration. e addresses made by Mr. Reed and Mr. J. C. Brird in his behalf were asses of undiluted twaddle (bait cast out r suckers) and the figures were an tounding and incomprehensible mess, ewed as a whole, and,in detail absolutely correct in every particular. Suppose r. Reed should carry out his wild eyed heme to the very letter and that he cured possession of every account held ainst the bank he would then in his n person be in the precise relation to el bank* that all the depositors now are. e could not open the bank except with a consent of thd stockholders and the nptroller of the currency. Bank Examiner Griffith, when this tter was laid before him last night, d that he could give no information to yone about the condition of the bank, her as to its assets or liabilities. This an invariable rule of the department th reference to all suspended national nks. Under the peculiar circuminces he did, however, consent to say is much: "Not one item in the figures ich you show me as having been read t in the meeting at Keefe hall this ening is correct." Further than this r. Griffith did not feel justified in say-

16. December 4, 1891 Fisherman & Farmer Elizabeth City, Edenton, NC
Article from Fisherman & Farmer, December 4, 1891

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South and West. FOUR masked men entered the store of the Farmers' Trading Company at Spokane Falls, Washington, and driving the clerks into a corner at the point of revolvers, robbed the store of sixteen gold and eight silver watches, and took about $2000 from the safe. They then mounted horses and departed. THE remnant of Big Foot's band of Indians, under Red Cloud, numbering sixty families, is in open revolt against the authority of the agentat Cheyenne Agency, Dakota. THE Madera (Cal.) Bank and the California National Bank. of San Diego, Cal., have suspended. W. F. Baird, until recently Vice-President and Manager or the Bank of Madera, is short in his accounts to the amount of nearly $100,000. WILLIAM SOMERSET was hanged at Marion Court House, Charleston, S. C., for the murder of E. M. Fore in 1888. ARTHUR W. BOYINGTON, Postmaster of Highland Park, III., has been arrested by United States Marshal Allen on a charge of embezzling $2000 of the funds of the Postoffice Department He admitted his guilt. JOHN E. THORNTON, a jeweler, shot and killed his daughter, Laura Amonier, at Krebs, Indian Territory. The girl was eighteen years old, and had been married only six days. Thornton says she wrote a letter which displeased him. JAMES HOYE, four years old, was killed at Kenosha, Wis., by the kick of a vicious horse. His grandfather, Oliver Hoye, was also fatally kicked by the animal. THE fire in the big job printing establishment of Short & Forman, in Cleveland, Ohio. destroyed $200,000 worth of property and resulted in the death of one fireman and the serious injury of two others. AFTER a successful career of twenty years, during which it bad built up a reputation as one of the soundest financial institutions in Texas, the banking house of Bonner & Bonner at Tyler has been forced to the wall. Liabilities, $500,000. GEORGE B. BEARD, Cashier of the suspended Oheyenne (Wyoming) National Bank, has killed himself. POSTMASTER WINTERS, of Logan, Iowa, has disa ppeared. His accounts are entangled. THE Famous dry goods, clothing. boot and shoe house, Sonnenfield's millinery house and Penny & Gentle's dry goods house, were burned at St. Louis, Mo. The loss will foot up over $1,000,000. A TERRIFIC blizzard raged in Northern Wisconsin. GEORGE GALBRAITH and two companions partook of a jug of whisky near Milan, Tenn., and died in a few hours. THE Supreme Council, National Farmers' Alliance and Industrial Union, held its annual session at Indianapolis, Ind.

17. December 6, 1891 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, December 6, 1891

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BUSINESS TROUBLES. The Broken Cheyenne Bank - Union Pacific Sues Field, Lindley & Co. WASHINGTON CITY, Dec. 5.-The comptroller of the currency has appointed J. W. Foster, of Douglass, Wyo., receiver of the Cheyenne National bank. NEW YORK, Dec. 5.-The Union Pacific Company took active steps today to recover some of the securities hypothecated by Field, Lindley & Co., suits being filed against that firm and others. The assignees say that White & Co.'s affairs are in such condition that the firm will resume business soon. BELLEFONTE, Pa., Dec. 5.-The Bellefonte Iron and Nail Company (limited), has suspended operations, with liabilities aggregating $302,000. The extensive plant has been turned over to exGovernor Beaver, its president, for the benefit of creditors. An extension of three years has been granted, and it is thought the works will resume. SAN FRANCISCO, Dec. 5.-Bradstreet's Mercantile Agency reports ten failures in the Pacific Coast states and territorities for the week ending yesterday, as compared with thirteen for the previous week and fourteen for the corresponding week of 1890.

18. January 7, 1892 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, January 7, 1892

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District Court Cullings. Yesterday in the district court Elias W. 'hitcomb was appointed administrator for the estate of Julius Ecoffey and Hiram B. Ijams was appointed administrator for the estate of Horatio N. Benjamin. succeeding the late Geo. L. Beard. Suit was commenced by Attornevs Potter & Burke for their clients, Messrs. Morrison, Merrill & Co., VS. Mary L. Coutant, et al., for the recovery of $235.63 for goods and chattels that the said Marv L. Coutant purchased some time last summer. It seems that the late Geo. L. Beard endorsed the bill and therefore the Cheyenne National bank is, the plaintiff claims, responsible. The defendants are, therefore, Mary L. Coutant, Colin Hunter, who comes in by virtue of being the administrator of Mr. Beard's estate and J. W. Foster, who is now the receiver of the bank.

19. January 9, 1892 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, January 9, 1892

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# Sues for Taxes. City Attorney Campbell yesterday commenced suit in the district court in behalf of the city against the Cheyenne National bank, J. W. Foster as receiver and Geo. W. Hoyt as trustee, to recover $967.50 in city taxes, with interest at 12 per cent per annum from Jan. 6, 1892. He prays the court that this claim be made lien upon lots 1 and 2, block 226. This is the old foundry property of which Mr. Hoyt is trustee.

20. March 1, 1892 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, March 1, 1892

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THE FIRST DIVIDEND. It is Declared for the Cheyenne National by the Comptroller. Receiver Foster is Authorized to Declare a 25 Per Cent Dividend. The Money Will be Ready for Distribution About March 15. Receiver Foster of the Chevenne National bank has received the pleasing information from Comptroller of the Currency Lacey declaring a dividend of 25 per cent to the depositors of the suspended bank. The money arising from this dividend will not be received until about the middle of the month. Receiver Foster must at once set to work making out a schedule of the accounts against the bank that have 80 tar been proven. Upon this basis he will figure the 25 per cent dividend for each and then make out checks to each individual, leaving the date and signature blank. This schedule and the checks will be forwarded to the comptroller, who will verify the schedule with the original schedule of indebtedness sent in by the receiver after which the checks will be dated and signed and returned to the receiver for distribution. Receiver Foster's part of this work will be finished before Saturday next and at once forwarded to Washington. The signed checks will probably not be returned here much before the middle of the month. The total amount of claims against the bank 18 about $290,000. Of this $250,000 has been proved according to the rules of the treasury department, and it is on this amount only that the first dividend will be declared. It will be seen that the amount. which will be distributed is $62,000, 80 that the benefit to the town will be about the same as though two Union Pacific paydays were combined in one. The receiver now has had some $80,000 paid in and a 30 per cent dividend could as readily be paid as one of 25 per cent. A second dividend of 25 per cent will probably be declared early in June, collections now in sight assaying this. The last 50 per cent will be slower in coming in, 80 that the affairs of the bank cannot be completely wound up inside of a year, some law suits now being in view.

21. March 11, 1892 The State Herald Holyoke, CO
Article from The State Herald, March 11, 1892

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NEWS ITEMS FROM FAR AND NEAR. Western News Notes. John R. Demler has been appointed superIntendent of the New Mexico penitentiary. The Midland railroad company has begun a preliminary survey for a branch to Cripple Creek. Many officials in Colorado who formerly had a fat office now find that under the new fee law they have a very lean job. An irrigation convention is to be held at Las Vegas on the 16th of March. The Santa Fe and other roads sell round-trip tickets for one fare. The receiver of the Cheyenne National bank has been directed by the comptroller of the treasury to pay a dividend of twenty-five per cent. Archbishop Salpointe of Santa Fc has issued a circular in which he severely criticizes the practices of the order known as the "Penitentes." It is declared that the Union Pacific officials are seriously considering the advisability of moving their sl ops from Omaha to Denver in consequence of the hostile attitude of the Omaha city government. J. W. Collins, who, for a long time was engaged in the banking business at Cheyenne, committed suicide at San Delgo, California, on the 3rd. When his bank at San Deigo failed last fall, the Cheyenne National Bank, in which he was interested also closed its doors and its cashier, George L. Baird, committed suicide. Collins was soon to have been tried on the charge of embezzling $200,000. Senator Carey has been authorized by the committee on territories to make a favorable report upon the bill providing a code oflaws 8 for the Yellowstone National Park. At present the park is a resort for criminals who are safe from arrest in the park. The present y bill provides a remedy for this evil, and Mr. f Carey is very hopeful that it will become a law. t Denver Markets-Eggs, ranch 18c, state y 16c; butter, best creamery 27@33c, dairy 20c; hay, upland baled 811@$12. second bottom $8@$9, alfalfa 87.50; wheat $1.35; corn, bulk 68c, sacked 73c; oats, $1.08, sacked $1.15; potatoes 50@60c; cattle, choice steers $2.80@ 1 $3.65, cows $1.90@$2.65, native feeders 81.90 @$2.65; hogs, choice $4.00@4.75; sheep, b choice shorn $4.00@$4.50, common and feeders $2.50@$3.00. The board of county commissioners at Santa Fe has refunded $150,000 of that county issued in aid of the Texas, Santa Fc & Northern 1 railroad from Espanola to Santa Fe from 6 per cent. to 5 per cent. bonds. The road will be extended during the spring from Santa Fe b to San Pedro and through one of the richest coal and mineral sections in the Southwest. / The* contractors are to take these bonds in e part payment for construction work. It is 0 expected that work will begin May 1. a There has been some speculation at Salt 1 Lake as to how the company of Indian solo diers, brought there from the Rosebud agency In South Dakota, two months ago, would con3 duct themselves when they were paid off. It was expected that a large part of their wages would be spent for whiskey and what remained would be invested in trinkets dear to poor Lo's soul. These expectations have not been realized. The Indians were paid for the o first time on the 5th, receiving two months' r pay. The next day they sent more than twothirds of the money they received either by express or money order to relatives and friends in Dakota, and not one drunken Indian soldier has been seen either to-day or at any time since they arrived here. e

22. September 14, 1895 The Herald Los Angeles, CA
Article from The Herald, September 14, 1895

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TOO FREE WITH THE PEN, And Now Finds Himself in Serious Trouble FOR ARRESTED FORGERY Prominent Throughout the West in Business Circles w. R. Stebbins of Kansas City Charged With Having Used Another Man's Signature SALT LAKE Sept. 13.-A special to the Tribune from Cheyenne, Wyo., says: W. R. Stebbins, who has been well known in banking and business circles throughout the west for the past twenty years, was arrested here this morning by Sheriff Armstrong of Crook county on the charge of forgery. The sheriff started north at once with his prisoner, who will have a hearing at Sun Dance early next week. Mr. Stebbins' home is in Kansas City, Kan., where he is connected with the American Loan and Trust comDany. He has large property interests here, owning the Cheyenne postoffic e building. He has been connected as a stockholder or officer in the Merchants' National bank of Deadwood, S. D.: the Stebbins, Post & Co. bank of Cheyenne; the First National bank of Sun Dance; the Stock Growers National of Miles City; Cheyenne National and California National of San Diego, all of which have failed but without loss, it is alleged, to Stebbins. It 18 charged that Mr. Stebbins owne ed a block of stock in the First National of Sun Dance from its organization. To conceal his ownership of the bank stock Mr. Stebbins transferred it to a Kansas City man named Mills. The bank was then prospering and paying dividends on the stock. It is alleged that in order to secure the dividends on the stock transferred to Mills, Stebbins made out a power of attorney to the addition of Sun Dance, signed Mills' name to it and sent the document to A. D. Dunn. It authorzed him to vote the stock and collect the dividends. It is also alleged that Mills was in ignorance of this transaction. Later the bank failed and went into the hands of Receiver Milo A. Adams, who levied an assessment on all stockholders for the benefit of the banks' creditors. Both Mills and Stebbins denied owning the stock referred to and an investigation which followed resulted in the discovery of the forgery. Besides his connection with western banks, Mr. Stebbins is connected with the banking firm of Christic & Janney of New York. Suits against him by representatives of the broken banks have been commenced in New York city. Wyoming and Kansas City. Mr. Stebbins and his family have traveled abroad considerably, and he is regarded as personally being very wealthy.

23. September 15, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, September 15, 1895

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All His Banks Failed, but, It Is Said, Without Loss to Him. Salt Lake, Sept. 13.-A special to the Tribune from Cheyenne says: W. R. Stebbins, who has been well known in banking and business circles throughout the West for the past twenty years, was arrested here this morning by Sheriff Armstrong, of Crookston, on a charge of forgery. The sheriff started north at once with his prisoner, who will have a hearing at Sun Dance early next week. Mr. Stebhins' home is in Kansas City, Kan., where he is connected with the American Loan and Trust Company. He has large property interests here, owning the Cheyenne postoffice building. He has been connected as a stockholder or officer with the Merchants' National Bank of Deadwood, S. D.; the Stebbins, Post & Co. Bank of Cheyenne; the First National Bank of Sun Dance: the First National Bank of Spearfish: the Stock Growers' National Bank of Miles City: the Cheyenne National Bank and the California National Bank of San Diego, all of which have failed, but without loss, It is alleged, to Stebbins. It is charged that Mr. Stebbins owned a block of stock in the First National Bank of Sun Dance from its organization. To conceal his ownership of the bank stock Mr. Stebbins transferred it to a Kansas City man named Mills. The bank was then prospering and paying dividends on the stock. It is alleged that in order to secure the dividends on the stock transferred to Mills, Stebbins made out a power of attorney. signed Mills' name to It and sent the document to A. D. Dun. It authorized him to vote the stock, receipt for and collect the dividends. It is also alleged that Mills was in ignorance of this transaction. Later the bank failed and went into the hands of a receiver, Milo A. Adams, who levied an assessment on all the stockholders for the benefit of the bank's creditors. Both Mills and Stebbins denied owning the stock referred to, and an investigation followed. resulting in discovery of the forgery. During his connection with Western banks he has also been connected with the banking firm of Christie & Janney, of New York. Suits against him by representatives of the broken banks have been commenced in New York city, Wyoming and Kansas City. Mr. Stebbins and his family have traveled abroad considerably, and he is regarded as being very wealthy.

24. October 18, 1900 The Pacific Commercial Advertiser Honolulu, HI
Article from The Pacific Commercial Advertiser, October 18, 1900

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LYCURGUS MET HIM IN ATHENS San Dieg) Absconder Dare Again Turns up in Alexandia, Egypt. CHEYENNE, (Wyo.), Oct. 7.-Disguised under an assumed name and a heavy growth of whiskers, D. D. Dare, the defaulting president of the California National Bank of San Diego, Cal., and the Cheyenne National Bank, is now posing as a prominent citizen of Alexandria, Egypt, where he is the president of the principal street railway. United States detectives have been searching for Dare ever since his flight to Europe in 1891. but until very recently no trace of him could be had. A German traveler, who knows him intimately, discovered him on a recent visit to Alexandria. He did not make himself known to Dare, but instituted a quiet inquiry, and learned that he had been there for several years; that he was the president and principal stockholder in the Alexandria street railway, and was posing as a very prominent citizen. The German said that few people would recognize in the street railway magnate the man who had wrecked two national banks. Early in 1891 the San Diego bank failed for $300,000 and the Cheyenne ir.stitution followed a few days later for $250,000. Dare fled to Europe, and it is charged that he took large sums of money belonging to the depositors with him. He was accompanied by his ife, who returned to this country soon after. when the story became current that Dare had attempted to throw her overboard while crossing the Atlantic. It is believed that secret service men are now en route to Egypt to place Dare under arrest. SAN FRANCISCO, Oct. 8.-George Lycurgys of Honolulu left his island home in 1895 for a tour of Europe and also with a view of visiting Greece, his native land. Lycurgus had been told by acquatrtances of Dare that the absconder was in Athens and asked to visit him there. He said he found Dare running a concern known as the American Rug Company, with its place of business on the main thoroughfare of the ancient n.etropolis. While Dare was not talkative on the subpect of his sudden leparture from America, he said that he had :,1t San Diego solely on account of the climate, which did not agree with him. When reminded by Lycurgus that the climates of San Diego and Athens were much the same, Dare Insisted that the temperature of the Grecian city was much more conducive to his health. He denied that he had taken any funds of the bank, and insisted that he had left San Diego without any money. He had been fairly prosperous in the rug business and said that he expected his family to join him at an early date Dare said that owing to the climate Le did not think he would ever return to America.