23183. Clearmont State Bank (Clearmont, WY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 23, 1924
Location
Clearmont, Wyoming (44.640, -106.381)

Metadata

Model
gpt-5-mini
Short Digest
800ba2d5

Response Measures

None

Description

Directors closed the bank in April 1924 to avoid a threatened run; petitions for a receiver were filed June 1924 and the bank remained defunct, paying a dividend to depositors in 1925. No successful reopening is reported.

Events (4)
1. April 23, 1924 Suspension
Cause
Rumor Or Misinformation
Cause Details
Closed by order of the directors to avoid a threatened run (preventative suspension).
Newspaper Excerpt
The Clearmont State Bank, which closed its doors on April 23, 1924, recently paid its first dividend...
Source
newspapers
2. May 14, 1924 Other
Newspaper Excerpt
The Clearmont, Wyo., State Bank has been closed by order of the directors. A statement from the officials said that action was taken to avoid a threatened run. Reorganization is expected to take place as soon as confidence is restored.
Source
newspapers
3. June 25, 1924 Other
Newspaper Excerpt
Petitions upon the relation of David J. Howell, attorney general, against the Clearmont State Bank of Clearmont ... asked the court to appoint a receiver in both cases were filed ... Stockholders of the Clearmont bank are endeavoring to reorganize that bank.
Source
newspapers
4. June 10, 1925 Other
Newspaper Excerpt
The Clearmont State Bank, which closed its doors on April 23, 1924, recently paid its first dividend of 10 per cent to 190 depositors in the defunct institution. The total dividend amounted to $6,023.67.
Source
newspapers

Newspaper Articles (3)
1. May 14, 1924 The Cody Enterprise Cody, WY
Article from The Cody Enterprise, May 14, 1924

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Article Text

LATE NEWS From All Over WYOMING Richard Williams, 13 years old, was killed in Rock Springs in a powder explosion. William G. Haas has been nominated to be postmaster at Cheyenne, Wyo. Eugene W. Gillespie was named for postmaster at Rock River, Wyo. Governor William B. Ross has modified quarantine regulations on California shipments by removing the disinfection feature in connection with fresh fruits and vegetables. The Clearmont, Wyo., State Bank has been closed by order of the directors. A statement from the officials said that action was taken to avoid a threatened run. Reorganization is expected to take place as soon as confidence is restored. Investigation of the Casper-Alcova irrigation project, Natrona county, Wyoming, would be authorized under a Senate resolution reported by the House irrigation committee. The resolution was amended to include also the Dechutes (Oregon) irrigation project. The herd of purebred Shorthorn cattle maintained by H. C. Hauf and sons at their ranch near Glendo, is the only accredited herd in Platte county and one of a very few accredited herds in Wyoming, according to Dr. George Good, who was at the Hauf ranch making a periodical inspection. The Newcastle armory is again to be made use of by a troop of state militia. According to word received by Newcastle men interested, Quartermaster General Carroll, will be in Newcastle to organize a troop, which will be a mounted machine gun company. Lewis J Porter, according to records, the oldest white person born in Wyoming, died in Laramie a few days ago. Born at Fort Halleck, Wyo., on July 2, 1842, Mr. Porter spent his entire life in Wyoming. He is survived by two daughters, one son, a sister, Mrs. Pauline Zabriska of Colorado, and a brother, Charles Porter. Cody, Wyo., is anticipating an unusually large attendance at its annual "Stampede," July 3 and 4, and because of selection of July Fourth for the unveiling of Mrs. Harry Jayne Whitney's bronze equestrian statue of Colonel W. F. Cody (Buffalo Bill), that event is expected to attract to Cody many easterners. The Council of Industry in Laramie Is taking up a request to the new owners of the Colorado, Wyoming & Eastern to have the name of the road changed from Northern Colorado and Eastern, under which It was incorporated at Denver last week, to the "Laramie & Southwestern," again recognizing Laramie in the name. That no bystanders were shot or killed seemed almost miraculous when Bob Smith and James McCarthy, both of Denver, started to settle an argument with a gun in Casper's business district. Smith and McCarthy, It is said, got into an argument over a card game at Lavoye and when they met on the street Smith pulled his gun, hit McCarthy over the head with the butt and fired one shot, which went wild. Two more papers were added to the consolidated list when the merger of the Kemmerer Republican and the Kemmerer Camera was completed. L. G. Baker, owner of the Republican. purchased the Camera. The consolidated papers will be published under the name of the Kemmerer Gazette. The new publication will be edited by George R. Hand, present news editor of the Republican, and will be independent in politics. "The Wyoming Guardsman," which is for the purpose of dispensing authentic information concerning the Wyoming National Guard, is published at the office of the adjutant general once each month. The Guardsman carries items of Interest to all guardsmen and also information concerning the activities of the guard over the state. Word that workmen employed in the Jacob Schnitzler mine tunnel in Middle Fork canon had broken into an ore shoot at a depth of 800 feet. was

2. June 25, 1924 The Cody Enterprise Cody, WY
Article from The Cody Enterprise, June 25, 1924

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Article Text

Receiver Appointed For Sheridan Bank Sheridan, Wyo.-Tilden A. Morris was named receiver of the Citizen's State Bank here by Judge James A. Burgess. The appointment was made after a large number of depositors and stockholders of the bank had asked for his apointment. L. J. O'Marr is the attorney for the receiver. The receiver's bond was fixed at $25,000. The American Surety company has the bond. Petitions upon the relation of David J. Howell, attorney general, against the Clearmont State Bank of Clearmont and the Citizen's State Bank of Sheridan, corporations, asked the court to appoint a receiver in both cases were filed in the clerk's office Thursday afternoon by the attorney general and Metz, Sackett and Metz, local attorneys. Stockholders of the Clearmont bank are endeavoring to reorganize that bank.

3. June 10, 1925 The Cody Enterprise Cody, WY
Article from The Cody Enterprise, June 10, 1925

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Article Text

LATE NEWS From All Over WYOMING The Department of Colorado and Wyoming. United Spanish War Veterans, will hold its annual departmental meeting in Laramie, July 2, 3 and 4. The "Baby Party." held at the Wheatland General Hospital, was an unqualified success. The hospital was thronged with children and their friends from early morning until dark. The sugar beet acreage of the Powell valley has been all planted and of these 2,000 acres at least 500 acres of the crop is well up out of the ground. This is unprecedented for so early in the season. The Clearmont State Bank, which closed Its doors on April 23, 1924, recently paid its first dividend of 10 per cent to 190 depositors in the defunct Institution. The total dividend amounted to $6,023.67. "Old timers" of Weston county enjoyed a stag dinner at the Antlers Cafe in Newcastle. Invitations were extended only to the men who were residents of or were Identified with Weston county in 1890. W. F. Henning and A. K. Bott have purchased the interests of Fred Klink and A. J. Campion of Denver in the Western Hotel Company, which operates the Henning Hotel at Casper, according to announcement recently made. Widespread rumors charging that certain students at the University of Wyoming are being paid for present or future participation in college athletics were declared "false and un true" in a resolution passed at a special mass meeting of the university student body. An urgent call for young men to attend the Citizens' Military Training Camp at Fort D. A. Russell from June 12 to July 11 was sounded by Col. Joseph S. Herron, commanding officer of the 76th field artillery in Cheyenne. The annual convention of the Wyo ming Stock Growers' Association was held in Douglas, June 2 and 3. Plans have been formulated by which the Wyoming Motor Club will attempt to sell Wyoming to its own residents and then to the world, making the state the most popular tourist ground in the country and bringing thousands of travelers annually into the state to travel over a master scenic road system unequalled by any state in the Union. At the commencement of the University of Wyoming, June 10, there will be ninety-four students to receive degrees and diplomas, the largest number in the history of the Institution. Seventy-three will receive degrees and twenty-one normal diplomas from the College of Education. In 1924 there were fifty-nine seniors for degrees and twenty-four with normal diplomas. The Southern Wyoming Baptist Association was in session at Laramie last week with forty-seven delegates and visitors present. Rev. Claude Richmond, pastor of the Laramie Baptist Church, was elected moderator for the coming year. Rev. Mr. Moorman of the First Church at Cheyenne was the preacher, taking the topic, "The Church of the Future," as his subject. Efforts of the Natrona county board of commissioners to collect tax on crude oil In storage are branded as illegal and unwarranted In a suit filed in District Court at Casper by the Midwest Refining Company, asking an injunction against such proceedings Other oil companies, It is asserted, will join the Midwest In fighting the case and the Supreme Court of the United States may be called upon for the final decision in the matter. R. R. Rousseau of Cody has been appointed deputy state game and fish commissioner. to succeed T. C. Thompson, who resigned about two weeks ago, following the resignation of Frank S. Smith as state commissioner. T. E. McClintock, receiver of the First National Bank of Cheyenne which failed last July 9, announced that a dividend of 25 per cent, amounting to $1,100,000, will be paid to depositors as soon as the comptroller of the currency signs the checks. Net claims against the bank total $4,400,000. The First National dividend brings the total of dividends about to be paid by the three banks here that fulled last year to $1,850,000. Leases for oll and gas rights on 45,000 acres of land belonging to the Shoshone Indians in Wyoming have been authorized for sale by Secretary of the Interior Work. The sale will be by public auction on July 9, at the headquarters of the Shoshone agency at Fort Washakie, Wyo. In addition to a bonus, the successful bidders must pay a royalty to the Indians of 12½ per cent on all the oil and gas produced and an advanced royalty of $1 per acre annually. There was a popularity contest, decided by popular vote at the recent "Baby Party" at Wheatland. The prize winners are as follows: For