1.
November 14, 1891
New-York Tribune
New York, NY
Click image to open full size in new tab
Article Text
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.
2.
November 14, 1891
The Cheyenne Daily Leader
Cheyenne, WY
Click image to open full size in new tab
Article Text
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.
3.
November 14, 1891
Omaha Daily Bee
Omaha, NE
Click image to open full size in new tab
Article Text
THEY CRASHED IN CONCERT. Cheyenne and San Diago Fanks Go to the Wall Completely. NO CAUSE KNOWN FOR THE SUSPENSION. Run on the Wyoming Institution a Surprise-Manager Baird of Madera Short an Hundred Thousand. CHFYENNE, 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 ordi. nary 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, $395,000; 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.
4.
November 14, 1891
The Seattle Post-Intelligencer
Seattle, WA
Click image to open full size in new tab
Article Text
BUSINESS FAILURES. Banks at Broken Bow, Neb., and Cheyenne-A Chicago Cloak Dealer. LINCOLN, Neb., Nov. 13.-Kloman & Arnold, bankers at Broken Bow, closed their doors this morning and telegraphed the auditor of the state for an examiner. Tenders of deposits were refused yesterday. It is thought the depositors will be paid in full. NEW YORK, Nov. 13.-The Wellington Manufacturing Company obtained judgment in the supreme court today against the Aluminum Produce Company for $17,000 on an assigned claim. CHICAGO, Nov. 13.-The wholesale cloaking business conducted by Louis Adler at 203 and 205 Madison street, is in the hands of the Bank of Commerce, that institution having taken possession on a chattel mortgage for $42,500 executed today to secure notes given by Adler. The latter's credit has been considered first-class and although compelled to borrow considerable money of late he found no trouble in negotiating his paper. The action of the Bank of Commerce is said to have been precipitated by demands for payments of other notes made by New York banks. Adler has a valuable stock, and one party said if properly handled in a business-like manner it would realize $250,000. It is understood the claims against Adler will aggregate $150,000 or more. No definite statement is yet obtainable. Unusually poor trade and heavy expenses are said to be responsible for the failure. CHEYENNE, Wyo., Nov. 13.-Notice was posted at the Cheyenne National bank today to the effect that business was suspended temporarily on account of the absence of funds to meet the demands of depositors. This was caused by a run following the failure of the Bank of California, at San Diego, J. W. Collins having been at the head of both houses. No figures of the condition can be had now, but people are confident the bank will resume.
5.
November 14, 1891
Los Angeles Herald
Los Angeles, CA
Click image to open full size in new tab
Article Text
223 S. SPRING ST. mittee appointed by the Los Angeles New Publications clearing house to go to San Diego to inquire into the situation, was interviewed ARE NOW ON EXHIBITION by a HERALD reporter at 10 o'clock last -OFnight, when he made the following statement: Etchings, Engravings & Fac-siniles. "The committee sent to San Diego by the clearing house has just returned. NOVELTIES We went down to see whether any of -INthe banks needed assistance, and found Picture Frames and Mirrors. that all three are in good shape and will require no help. The suspended bank does not owe anything to any of the Los CIRCLE FRAMES Angeles banks." THE CHEYENNE BANK SUSPENDS. In Ivory, Gold and Antique Silver. CHEYENNE, Wyo., Nov. 13. - Notice NEW DESIGNS was posted at the Cheyenne National bank today, to the effect that business To Paint on for Artists and Amateurs was temporarily suspended on account -ATof the absence of funds to meet the demands of depositors. This was caused Sanborn, Vail & Co., by a run following the failure of the Bank of California, at San Diego, J. W. 133 S. Spring St., Los Angeles. Collins having been at the head of both San Francisco and Portland. houses. No figures on its condition can ma-27 sa-ws-3m be had, but the people are confident the bank will resume. Woodruff Jury Disagreed.
6.
November 14, 1891
Fort Worth Gazette
Fort Worth, TX
Click image to open full size in new tab
Article Text
Lack Funds. CHEYENNE, Wyo., Nov. 13.-Notice just posted at the Cheyenne National bank is to the effect that business is temporarily suspended on account of the absence of funds to meet tbe demands of 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 was precipitated. No figures on the condition can be had now but people are confident that the bank will be re-organized and resume in a few days.
7.
November 14, 1891
Los Angeles Herald
Los Angeles, CA
Click image to open full size in new tab
Article Text
THE Cheyenne National bank suspended yesterday when the news of the collapse of the San Diego National bank reached that city. Mr. Collins, the president of the San Diego bank, was also the chief stockholder of the Cheyenne bank. Mr. H. W. Hellman, who was sent by the Los Angeles banks to San Diego to look into the banking situation there, returned last night. He says that the three banks outside of the suspended one are in good condition, and will receive all the assistance they may need from here to meet any emergency. He corroborates the statement previously made, that the broken San Diego bank owed nothing to our local institutions. The fact is that the Los Angeles banks have been suspicious of the loose methods of the San Diego National bank, and refused to deal with it on a credit basis.
8.
November 14, 1891
The Salt Lake Herald
Salt Lake City, UT
Click image to open full size in new tab
Article Text
The Cheyenne National Bank Fails. CHEYENNE, Wyo., Nov. 13.-[Special telegram to THE HERALD.]-The third bank failure in the history of this town occurred to-day. The Cheyenne National went down after & hard run of fifty minutes. In that time $48,000 was paid out. Depositors were frightened by the suspension of the California bank of San Diego, Cal., as John W. Collins was president of both. That he was involved was learned last evening, too late to strengthen
9.
November 15, 1891
The Helena Independent
Helena, MT
Click image to open full size in new tab
Article Text
The Cheyeune Bank. CHEYENNE, Wyo., Nov. 14.-The liabilities of the Cheyenne bank are $318,000. with assets twice that amount. and such men as John Sherman and John Jay Knox hold blocks of stock. The Cheyenne National bank will liquidate in full. The only bad feature is that the calling in of loans by an examiner or a receiver will put 8 cramp on some local concerns.
10.
November 15, 1891
The Morning Call
San Francisco, CA
Click image to open full size in new tab
Article Text
The Cheyenne National Bank. CHEYENNE (Wyo.), Nov. 14.-The llabilities 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 calling in of loans by the examiner or receiver will cramp some local concerns.
11.
November 15, 1891
Omaha Daily Bee
Omaha, NE
Click image to open full size in new tab
Article Text
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,
12.
November 15, 1891
The Salt Lake Herald
Salt Lake City, UT
Click image to open full size in new tab
Article Text
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.
13.
November 17, 1891
The Record-Union
Sacramento, CA
Click image to open full size in new tab
Article Text
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.
14.
November 17, 1891
The Cheyenne Daily Leader
Cheyenne, WY
Click image to open full size in new tab
Article Text
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.
15.
November 20, 1891
Pullman Herald
Pullman, WA
Click image to open full size in new tab
Article Text
FIRES IN THE EAST. St. Louis Visited with a Disastrous Conflagration. St. Paul Loses a Million Dollars Worth of Property. Wednesday, Nov. 18. St. Louis is visited by one of the most disastrous conflagrations in the history of that city. The loss and insurance is summarized as follows: The Famous shoe and clothing house, $1,100,000, insurance, $850,000; Sonnfield & Co., $750,000, insurance, $279,000; Penny & Gentles, $577,000, insurance, $279,000; D. Crawford & Co., $1,100,000, insurance, $245,000. Other losses are estimated at $100,000, insured for $67,000, Dr. I. W. Van Vleck, president of the "Medical University of Ohio," was arrested Monday for issuing bogus diplomas. The "university has no building and no lectures are given, but Van Vleck issued diplomas to practice medicine for various amounts from $500 down to a few dollars. The strike at the American Iron Works was settled, the amalgamated association ordering the engineers to accept the company's reduction of ten per cent. The plant is now in full operation. At Newark, N. J., John Rindall & Sons' plaining mill burned yesterday morning; loss, $100,000. Geo. A. Beard, cashier of the suspended Cheyenne National Bank, sent a bullet to his brain. Nathaniel Curson has been appointed successor to J. E, Gorst as under secretary for India. Palo Alto, Stanford's great trotter, beats the stallion record, going a mile in 2:08 3. General B. F. Butler is seriously ill with an abcess of the ear.
16.
November 25, 1891
The Cheyenne Daily Leader
Cheyenne, WY
Click image to open full size in new tab
Article Text
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-
17.
December 31, 1891
The Cheyenne Daily Leader
Cheyenne, WY
Click image to open full size in new tab
Article Text
Where "The Daily Leader" May be Found. CHEYENNE-J. K. Jeffrey's and Theodore G. Linton's. CHICAGO-Clifton House, Wabash avenue and Monroe street. CARBON-F. P. Shannon's drug store. LARAMIE-W. H. Williston's, Second and Thornburg streets. ROCK SPRINGS-D. O. McHugh's postoffice store. RAWLINS-Louis Schalk's book store. IT WOULD BE APPRECIATED. The usual plan of the comptroller of the currency is to declare no dividend in the case of a suspended bank within less than ninety days after the appointment of a receiver. One of the objects of this delay is to permit the maturity of all paper held by the bank. Following this rule no dividend would be declared in the case of the Cheyenne National bank until the latter end of next March, or until winter with all its added demands upon the people has passed and with it the supreme necessity for the use of the money. In the condition of general business which now prevails everywhere and the stringency in money which is probably greater than has ever been known in the West, it 18 to be sincerely hoped that the comptroller will speedily see his way clear to declare a dividend to the depositors of the bank, even though that dividend should be small in proportion to what they will receive in the final liquidation. The great desideratum everywhere now is ready money. Owing to conditions which are national and not local capital is verv chary of investment. Money is either kept closely locked up or it is grudgingly loaned on gilt edged security such as the common run of business men naturally possess in only a limited degree. As comparatively little money is being actually produced and money must be had to conduct even the most ordinary business enterprises, a great burden is all placed on all the remaining banks of the city. In round numbers the suspension of the Chevenne National has already, or will in the course of liquidation, tie up about $800,000. Less than half of this amount is represented by what is due depositors and other banks and the balance is represented by loans and money which the Cheyenne bank had to its credit in other banking institutions. It will there be seep that until a dividend is declared a very great proportion of this large sum of money is withdrawn from circulation. business men are strained to suddenly meet their obligations. and this commu nity has only itself to rely upon until such time as the money thus tied up. or some proportion of it, isagain turned loose in the natural channels of business. As Comptroller Lacey is the only man who has authority to take steps to relieve this stringency THE LEADER feels constrained to urge his attention to this matter with the hope that he will as speedily afford the reliet as is consistent with the interests of the sus pended bank and his own ideas of public duty, not overlooking in his e insideration of the matter its great importance to very many interests in this community in nowise directly concerned in the suspended institution. At the same time it must not be forgotten that the lesson now involvel in the suspension should not be overlooked by any business man in the community. It particularly calls for even extreme conservatism in business methods and transactions notil'such time as the money now tied up finds its way back into the channels from which II has been taken and to which it properly belongs.
18.
January 9, 1892
The Cheyenne Daily Leader
Cheyenne, WY
Click image to open full size in new tab
Article Text
# 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.
19.
January 9, 1892
The Cheyenne Daily Leader
Cheyenne, WY
Click image to open full size in new tab
Article Text
TOWN TALK. Gossipy Little Paragraphs Picked Up About the City. Oysters in every style at Germania hall. The matinee this afternoon will be well attended. Old and young are charmed with the story of Littte Lord Fauntleroy. J. W. Foster, receiver of the Cheyenne National bank was made happy yesterday by the arrival of a girl baby at his house and received many congratulations over the auspicious event. Handsomely furnished rooms at the Whitcomb house and Whitcomb house annex (Castle Dare). Best dining room in the city. Corner of Ferguson and Twentieth streets. Charges moderate'
20.
March 22, 1892
The Cheyenne Daily Leader
Cheyenne, WY
Click image to open full size in new tab
Article Text
The Chevenne's First Dividend. The total amount involved in the first dividend of 25 per cent of the Cheyenne national bank, checks for which were received from Washington, is a little over $62,000. There are in all about 470 claims against the bank, some of which have not yet been proven up and are therefore not included in this division of the collected assets. Of the whole number of claims seventy are held by out of town parties and as these average with the others in amount it is calculated that five-sixths of the entire amount of the first dividend will remain in town. This would be equivalent to $50,000, of which amount about one-half was paid out yesterday. All holding claims against the bank must present their receiver's certificates at the bank in order to receive the checks for their dividend. The dividend had a very happy effect on the community and much ofthe money was scattered through the ordinary business channels. Another dividend of 25 per cent will probably be declared early in June.
21.
September 14, 1895
The Herald
Los Angeles, CA
Click image to open full size in new tab
Article Text
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.
22.
September 15, 1895
The Seattle Post-Intelligencer
Seattle, WA
Click image to open full size in new tab
Article Text
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.
23.
October 18, 1900
The Pacific Commercial Advertiser
Honolulu, HI
Click image to open full size in new tab
Article Text
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.