21390. American National Bank (Salt Lake City, UT)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4432
Charter Number
4432
Start Date
August 28, 1896
Location
Salt Lake City, Utah (40.761, -111.891)

Metadata

Model
gpt-5-mini
Short Digest
0de5e86f

Response Measures

None

Description

Articles (Oct 1896) describe receivers (Frank Knox and C. H. Jacobs) and reference the sale of the assets of the American National Bank to James H. Bacon and subsequent court action to recover assets. No run or depositor panic is described. The bank appears to have been placed in receivership/closed and assets sold; therefore classified as suspension_closure (suspension leading to permanent closure/receivership). OCR corrected minor spacing/typographical issues but did not change substantive facts.

Events (4)

1. October 7, 1890 Chartered
Source
historical_nic
2. February 24, 1894 Voluntary Liquidation
Source
historical_nic
3. August 28, 1896 Receivership
Newspaper Excerpt
The said action is brought to have a decree of this court adjudging that defendants Tunnecliff, Bacon and Holland ... since the sale of the assets of the American National bank to said James H. Bacon; ... Frank Knox and C. H. Jacobs, as receivers, plaintiffs, vs. ... This 28th day of August, in the year of our Lord one thousand eight hundred and ninety six. C. E. STANTON. Clerk. By J. H. SPRAGUE, Deputy Clerk.
Source
newspapers
4. October 1, 1896 Other
Newspaper Excerpt
action brought to have a decree of this court adjudging that defendants ... be required to account for and turn over under order of this court, all and singular the assets and property of the Bank of Salt Lake and of James H. Bacon, which have come into their possession or control since the sale of the assets of the American National bank to said James H. Bacon;
Source
newspapers

Newspaper Articles (2)

Article from The Salt Lake Herald, October 1, 1896

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Article Text

SUMMONS. IN THE DISTRICT COURT OF THE Third judicial district of the state of Utah, county of Salt Lake.Frank Knox and C. H. Jacobs, as receivers, plaintiffs, VS. Damon G. Tunnecliff, Salt Lake Hot Springs Sanitarium company, James H. Bacon, Harvey M. Bacon, Frank L. Holland, William B. Holland, A. M. Grant, E. H. Hackett, Ferdinand Roys, Louis Hoberman, W. E. Hubbard, L. E. Clark, Frank W. Ross, as trustee, and St. Anthony Union Canal company, defendants, summons.The state of Utah sends greeting to Damon G. Tunnecliff, Salt Lake Hot Springs Sanitarium company, James H. Bacon, Harvey M. Bacon, Frank L. Holland, William B. Holland, A. M. Grant, E. H. Hackett, Ferdinand Roys, Louis Hóberman, W. E. Hubbard, L. E. Clark, Frank W. Ross, as trustee, and St. Anthony Union Canal company, defendants: You are hereby required to appear in an action brought against you by the above named plaintiffs in the district court of the Third judicial district of the state of Utah, and to answer the complaint filed therein within ten days (exclusive of the day of service) after the service on you of this summons-if served within this county; served out of this county, but in this district, within twenty days; otherwise within forty days-or judgment by default will be taken against you, according to the prayer of said complaint. The said action is brought to have a decree of this court adjudging that defendants Tunnecliff, Bacon and Honand and each of them, be required to account for and turn over under order of this court, all and singular the assets and property of the Bank of Salt Lake and of James H. Bacon, which have come into their possession or control since the saie of the assets of the American National bank to said James H. Bacon; decreeing that the $100,000 capital represented by defendants Bacon and Holland, as owners or officers of the Bank of Salt Lake, was in fact the money of defendant Tunnecliff, and so held and represented with the full knowledge and consent of said Tunnecliff, and that to the extent of said sum of $100,000 and interest thereon said Tunnecliff has no claim whatsoever upon the assets of said Bank of Sait Lake, and said James H. Bacon, until each and all depositors in said bank are first paid in full with interest; adjudging further that the certificate for 900 shares of the capital stock in defendant S. L. Hot Springs San. Co., issued to said Tunnecliff, be cancelled, and said 900 shares be decreed the property of these plaintiffs as receivers; adjudging further that the certificates for 824 shares of stock in the St. Anthony Union Canal Co., claimed to be held by Frank L. Holland, as trustee, for said Tunnecliff, to be the property of plaintiffs, and that said Holland be required to deliver to plaintiffs the key to the box containing said certificates; adjudging all other security given or transferred by said James H. Bacon to said Tunnecliff or by any other person at instance of said James H. Bacon, to be fraudulent and void as to the depositors of said Bank of Salt Lake, and to be the property of plaintiffs; to have all transfers of real estate to said Tunnecliff of property of James H. Bacon, ascertained and


Article from The Salt Lake Herald, October 27, 1896

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Article Text

SUMMONS. IN THE DISTRICT COURT OF THE Third judicial district of the state of Utah, county of Salt Lake.Frank Knox and C. H. Jacobs, as receivers, plaintiffs, vs. Damon G. Tunnecliff, Salt Lake Hot Springs Sanitarium company, James H. Bacon, Harvey M. Bacon, Frank L. Holland, William B. Holland, A. M. Grant. E. H. Hackett, Ferdinand Roys, Louis Hoberman, W. E. Hubbard, L. E. Clark, Frank W. Ross, as trustee, and St. Anthony Union Canal company, defendants, summons. The state of Utah sends greeting to Damon G. Tunnecliff, Salt Lake Hot Springs Sanitarium company, James H. Bacon, Harvey M. Bacon, Frank L. Holland, William B. Holland, A. M. Grant, E. H. Hackett, Ferdinand Roys, Louis Hoberman, W. E. Hubbard, L. E. Clark, Frank W. Ross, as trustee, and St. Anthony Union Canal company, defendants: You are hereby required to appear in an action brought against you by the above named plaintiffs in the district court of the Third judicial district of the state of Utah, and to answer the complaint filed therein within ten days (exclusive of the day of service) after the service on you of this summons-if served within this county; or, if served out of this county, but in this district, within twenty days; otherwise within forty days-or judgment by default will be taken against you, according to the prayer of said complaint. The said action is brought to have a decree of this court adjudging that defendants Tunnecliff, Bacon and Holland and each of them, be required to account for and turn over under order of this court, all and singular the assets and property of the Bank of Salt Lake and of James H. Bacon, which have come into their possession or control since the sale of the assets of the American National bank to said James H. Bacon; decreeing that the $100,000 capital represented by defendants Bacon and Holland, as owners or officers of the Bank of Salt Lake, was in fact the money of defendant Tunnecliff, and SO held and represented with the full knowledge and consent of said Tunnecliff. and that to the extent of said sum of $100,000 and interest thereon said Tunnecliff has no claim whatsoever upon the assets of said Bank of Salt Lake, and said James H. Bacon, until each and all depositors in said bank are first paid in full with interest; adjudging further that the certificate for 900 shares of the capital stock in defendant S. L. Hot Springs San. Co., issued to said Tunnecliff, be cancelled, and said 900 shares be decreed the property of these plaintiffs as receivers; adjudging further that the certificates for 824 shares of stock in the St. Anthony Union Canal Co., claimed to be held by Frank L. Holland, as trustee, for said Tunnecliff, to be the property of plaintiffs. and that said Holland be required to deliver to plaintiffs the key to the box containing said certificates; adjudging all other security given or transferred by said James H. Bacon to said Tunnecliff or by any other person at instance of said James H. Bacon, to be fraudulent and void as to the depositors of said Bank of Salt Lake, and to be the property of plaintiffs; to have all transfers of real estate to said Tunnecliff of property of James H. Bacon, ascertained and adjudged fraudulent and void as to said depositors, and decreed to be the property of plaintiffs; pending this action to have defendant Tunnecliff, his agents, servants and attorneys, enjoined and restrained from selling, assigning, transferring or pledging or in any manner incumbering the stock held or claimed by him in S. L. Hot Springs San. Co., and St. Anthony Union Canal Co., and to have their respective officers and agents restrained from transferring any stock upon the books of said company standing in name of defendants Bacon, Tunnecliff, Holland, Grant, Hackett, Roys, Hoberman, and that foregoing officers and stockholders of said Sanitarium Co. be enjoined from voting any stock held by them or either of them in said company, and upon hearing to have such injunction made perpetual; to have a receiver appointed of said Sanitarium Co., to have plaintiffs ordered to take possession of said property, and for other relief. And you are hereby notified that if you fail to appear and answer the said complaint as above required, the said plaintiff will apply to the court for the relief demanded therein. Witness, the honorable judges, and the seal of the district court of the Third judicial district, in and for (Seal.) the state of Utah. this 28th day of August, in the year of our Lord one thousand eight hundred and ninetysix. C. E. STANTON. Clerk. By .T. H. SPRAGUE, Deputy Clerk. C. S. Varian and C. C. Dey, attorneys for plaintiffs.