First National Bank (Deming, NM)

Episode Information

Episode UID
316001101
Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
national
Bank ID
31600 national
Charter Number
3160
Start Date
September 1, 1891*
Location
Deming, New Mexico (32.269, -107.759)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
72ec9e0bf402f2ed

Response Measures

Borrowed from banks or large institutions, Public signal of financial health, Capital injected, Full suspension, Books examined

Other: Banks were closed by order of the Comptroller/examiner and later put in receivership; stockholders were assessed to provide funds (receiver actions and receivership related measures).

Receivership Details

Depositor recovery rate
45.5%
Date receivership started
1892-02-29
Date receivership terminated
1901-08-28
OCC cause of failure
Fraud
Share of assets assessed as good
9.3%
Share of assets assessed as doubtful
78.6%
Share of assets assessed as worthless
12.1%

Description

Suspension by Comptroller followed earlier withdrawal/run tied to an attached cattle-deal dispute; receiver appointed soon after.

Events (5)

1. April 22, 1884 Chartered
Source
historical_nic
2. September 1, 1891* Run
Cause
Bank Specific Adverse Info
Cause Details
Run began after attachment of C. H. Dane's stock following a cattle-deal dispute between Dane and M. M. Chase.
Measures
First National Bank of Santa Fe lent substantial temporary relief to the Dane banks
Newspaper Excerpt
This action precipitated a run on the banks some five months ago
Source
newspapers
3. February 4, 1892 Suspension
Cause
Government Action
Cause Details
Closed by order of the Comptroller of the Currency / U.S. bank examiner
Newspaper Excerpt
Under orders from the comptroller of the currency, the First National bank of Silver City, and the First National bank of this city... were closed.
Source
newspapers
4. February 29, 1892 Receivership
Source
historical_nic
5. March 1, 1892 Receivership
Newspaper Excerpt
The comptroller of the currency has appointed A. C. M. Smith... receiver of the First national bank of Deming and First national bank of Silver City, both in New Mexico.
Source
newspapers

Newspaper Articles (22)

Article from Evening Capital Journal, February 4, 1892

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NATIONAL BANK SUSPENDS. DEMING, N. M., Feb. 4.-Under orders from the comptroller currency, the First National bank of Silver City, and the First National bank of this city, both under, practically the same management, are closed. The suspension was unexpected, and caused much excitement. The cause of the failure is unknown. A strong feeling of confidence among business men exists, that the bank here will pay all credItors in full.


Article from Santa Fe Daily New Mexican, February 4, 1892

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BANKS GO DOWN. The Dane Banks at Silver City and Deming and Marcy's Bank at Raton Close Their Doors. The Santa Fe banks received a wire last evening announcing that the First National bank, of Silver City, and the First National, of Deming, were closed yesterday by order of U.S. Bank Examiner J. G. Lazear, of Omaha. A formal notice from Bradstreet's to-day confirmed the news. C. H. Dane, of Deming, is at the head of both these institutions. The Santa Fe banks had no business connections with them. For the past six months these institutions have been regarded as shaky. The difficulty originated in a cattle deal be. tween Mr. Dane and M. M. Chase, of Colfax county. The latter claimed that Mr. Dane had in some manner violated their agreement and proceeded to attach Mr. Dane's stock in these two banks. This action precipitated a run on the banks some five months ago, but the trouble was tided over, the First National bank of Santa Fe lending substantial temporary relief to the Dane banks at that time. Since then, however, the banks have not been doing well and it is probable that the action of the U. S. bank examiner was prompted by a desire to avert another run and let all depositors, comparatively few in number, out on an equal footing. Vermont capitalists are stockholders in these banks, and it is thought the business can be wound up without material loss to either stockholder or depositor. RATON'S BANK CLOSED. At noon to-day came the announcement of the suspension of the Marcy, Greer & McCarn bank, a private institution, an I the only bank at Raton. This bank closed its doors this morning on the receipt of a telegram from its New York connections that its paper could no longer be honored. Things have been in a bad way with this bank for nearly a year, and its suspension is not a surprise in financial circles here. It is possible that live stock and realty investments had much to do with the crash. The amount of deposits can not now be stated. Notwithstanding it was the only bank in Coltax county it is thought comparatively few of the prominent stockmen carried their accounts there. The depositors are mostly A., T. & S. F. railroad and coal mine employes, and upon these the loss will probably fall very heavily.


Article from The Olympia Tribune, February 4, 1892

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Two Banks Closed. DEMING, N. M., Feb. 4.-Under orders from the comptroller of the currency, the First National bank of Silver City and the First National bank of this city, both under practically the same management, were closed. The suspension was unexpected and caused much excitement, The cause of the failure is unknown. A strong feeling of confidence among business men exists that the bank here will pay all creditors in full. The assets are unknown and officials decline to make any statement. The capital stock of the Deming bank is $100,000, and of the Silver City bank, $50,000.


Article from The Morning News, February 5, 1892

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TWO BANKS CLOSED. But 8 Meeting of Citizens Restores Confidence. DEMING, N. M., Feb. 4.-Under orders from Controller of Currency Lacey, National Bank Examiner Lazara has closed the doors of the First National Bank of Silver City and the First National Bank of Deming. The two institutions are under the control of the same president, C. H. Cane of this city, and the stockholders are largely identical, The suspension was totally unexpected and caused much excitement. There is strong confidence among business men that the banks will pay all creditors in full. So strong was this sentiment that within thirty minutes after the suspension became known a large meeting was held in the opera house, attended by all the representative men of the town. Resolutions were unanimously adopted expressing entire confidence in the solvency of the institutions, and stating that if the present management was continued all claims would undoubtedly be satisfied. This action tended considerably to allay public alarm. All the county and school funds for the district are in the banks The cause of the failure is unknown. The assets are not known, and the bank officials decline to make any statements. The capital stock of the Deming bank is $100,000, and of the one at Silver City, $50,000.


Article from The Roanoke Times, February 5, 1892

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TWO BANKS SUSPENDED. First National of Silver City and Deming, New Mexico. DEMING, N. M., Feb. 4.-|Special|Under orders from Comptroller of the Currency Lacey, National Bank Examiner Lazara has closed the doors of the First National Bank of Silver City and the First National Bank of Deming. The two institutions are under the control of the same president, C. H. Dane, of this city, and the stockholders are largely identical. The suspension was totally unexpected and caused much excitement. There is strong confidence among business men that the bank will pay all creditors in full. So strong was this sentiment that within thirty minutes after the suspension became known a large meeting was held in the opera house attended by all the representative men of the town. Resolutions were unanimously adopted expressing entire confidence in the solvency of the institution, and stated if the present management was continued all claims would undoubtedly be satisfied. This action tended considerably to allay public alarm All the county and school funds for the district are in the banks. The cause of the failure is unknown. The assets are not known, and the bank officials decline to make any statements. The capital stock of the Deming bank is $100,000, and of the one at Silyer city $50,000.


Article from Los Angeles Herald, February 5, 1892

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New Mexico Banks Closed. DEMING, N. M., Feb. 4.-Under orders from the comptroller of the currency, the First National bank of Silver City, and the First National bank of this city, both under practically the same management, were closed. The suspension was unexpected and caused much excitement. The cause of the failure is unknown. A strong feeling of confidence among business men exists that the bank will pay all creditors in full. Its assets are unknown, and the officials decline to make any statement. The capital stock of the Deming bank is $100,000, and of the Silver City bank $50,000.


Article from Wheeling Register, February 5, 1892

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TWO BANKS CLOSED. The People Seem to Have Great Confidence in the Institutions, Though. DEMING, N. M., February 4.-Under orders of Comptroller of Currency Lacey, Bank Examiner Lazara has closed the doors of the First National Bank of Silver City and the First National Bank of Deming. The two institutions are under control of the same President, C. H. Dane, of this place, and the stockholders are largely identical. The suspension was totally unexpected and caused much excitement. There is a strong feeling of confidence among the business men that the bank here will pay all creditors in full.' So strong was this sentiment that within thirty minutes after the suspension became known a large meeting was held in the Opera House attended by all the representative men of the town. Resolutions were unanimously adopted expressing entire confidence in the solvency of the institution, and stating that if the present management was continued all claims would undoubtedly be satisfied. This action tended considerably to allay public alarm. All the Grant county and School funds for the district are in the banks. The cause of the failure is unknown. Many rumors are afloat, but it is impossible to place credence in them. The assets are not known, and the bank officials decline to make any statement. The capital stock of the Deming Bank is $100,000, and of the one at Silver City, $50,000.


Article from Fort Worth Gazette, February 5, 1892

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Two Banks Fail-Confidence Expressed. DEMING, N. M., Feb. 4.-Under orders from Comptroller of the Currency Lacy the doors of the First national bank of Silver City and the First national bank of Deming have been closed. The capital stock of the former is $60,000 and of the latter $100,000. The two institutions were under the control of the same president, C. H. Dane of this place, and the stockholders are largely identical. The suspension has caused great excitement, but so strong was the sentiment that the bank would pay all creditors in full that at a mass meeting held in the opera house a few moments after the suspension became known resolutions were adopted expressing entire confidence in the solvency of the institution, and stating that if the present management continued all claims would be settled. The cause of the failure is unknown, as are also the liabilities.


Article from Delaware Gazette and State Journal, February 11, 1892

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pus maker last week signed a parcels convention between the United and British Guiana. The Chicago committee of arrange ments for the Democratic National vention have decided to builda wigwar capable of seating 15,000 people, which the convention will mect. There was a revolt among the prisor ers at Deer Island, Boston, yesterda week, and an extra force of had to be sent to restore order, whic they did by a vigorous use of their Six mail pouches were stolen Tuesday week from a mail while on the way from New York Hoboken. The wagon is supposed have been opened while on the boat. Governor Flower of New York, Friday commuted the sentence in case of Nicola Trezza, who is now Sing Sing under sentence of death, imprisonment for life. The three-story brick braiding of John A. Roebling's Sons Co., at Tren ton, N.J., was destroyed by fire Thur day. The loss is estimated at $300,00 with insurance at $140,000. Frederick C. Fitzsimmons, the burg thief and murderer, committe suicide in prison at New Orleans, terday week, by cutting his thros with a penknife while he was covere up in bed. John Burke, president of the E. & Burke Bottling Company, died Thur day at his home, Llewellyn Park, Orange, N. J. He was 64 years of During his life he gave largely charitable purposes. A meeting of hemlock lumberme representing the entire state met at liamsport Thursday and decided to strict the production to 80 per cent last year's output, and a general advano of 50 cents per 1,000 feet was ordered. Watchman Garverich was powered by three masked men at now Forge, near Harrisburg, early terday week. He was bound and foot and the thieves then took from a safe in the office. The Waycross Rifies have been unde arms during the past week in county, Ga., to protect the lives of thre colored murderers. The sheriff, instructions from the governor, has placed them by a posse of citizens. The house of Mrs. Henry Schreine near White Oak, Lancaster county, was destroyed by fire Thursday ing, and the woman's charred body found in the ruins. She had been in the house, her husband having 'o.Su Reek B only The doors of the First National Ban of Silver City, and of the First Nations Bank of Deming, New Mexico, been closed by order of the comptrolle of the currency. C. H. Dane, of ing, is president of both institutions. is thought both banks will pay all thei indebtedness. Shellac with which some workme were varnishing the inside of a vat the Union Brewery, at Peoria, Illinois caught fire on Tuesday week, and Anto Riober was burned to death and Ruch terribly injured. Other workme were severely injured in trying to the two men named. A car of the Manchester electric of street cars, at Pittsburg, was pletely wrecked early Thursday ing by a dynamite cartridge placed the track, presumably by one of strikers or their sympathizers. Althoug the car was filled with workmen, of them were seriously injured. Anthony Brown of Pittston Harriet Rutledge of Duryea went Wilkesbarre, Pa., on Tuesday week get married. Wednesday they were foun in their room, the woman dead Brown in a critical condition from haling illuminating gas. They had drinking heavily the previous night. The steamer Runie, at New Yor Thursday from Liverpool, reports on January 29th she passed the wegian ship Florida abandoned by crew. The Florida's rudder was lashed some of her sails were set and she headed south-east and making siderable way. She did not appear be much damaged. The dwelling of A. M. Lennig, East Jacksonville, Florida, was burne early Thursday morning. Mr.


Article from Orleans County Monitor, February 15, 1892

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ening. The spring term will commence March 7, with same board of teachers. Mr. Baldwin, a horse buyer from Conn., will be in town the last of this week to purchase a car load of horses. He wants good business horses of about 1,000 pounds weight-will be at American House. V. N. Spaulding is again reinstated in the Crystal Lake House, and will put it in the best of condition for the traveling public. Mr. and Mrs. Spaulding have had a large experience in hotel keeping. A pleasant time was enjoyed at the Needle and Hammer party, given by the Epworth League last Tuesday evening. Mrs. H. A. Glazier won the prize for best nail driving,and Eugene Bryant the prize for sewing on buttons. Since the fall trade nearer home eased up a little, Percival & Baldwin have been sending upholstered furniture to Virginia, Florida and other Southern states. Their goods find a ready sale wherever they are introduced. Henry Fairbrother, iceman, reports that the ice in Crystal Lake is only six to eight inches in thickness, and that the heavy weight of snow has put this some inches under water, making cutting difficult and expensive. Mr. Fairbrother is in luck in having obtained a divorce from his wife. Mrs. Hopkins, who has resided in this village for several years past, died last week and her remains were taken to Marshfield for burial. She had been in very poor health for several months, but was taken worse recently, running down rapidly to the end. Her daughter, Ida, (who was in Boston, came home to care for her during her last sickness. A reading and musical entertainment will be given at the M.E. church next Wednesday evening, under the auspices of the Odd Girls' Society. They have secured the services of Miss Carrie E. Fairman, a graduate from the College of Oratory, N. E. C. Boston, Mass., who comes highly recommended as an elocutionist of rare merit and ability. There will be fine music, and a very pleasant time is expected. Doors open at 7:30; begins at 8 o'clock. Admission, 20 cents. The danger of investing money in some far away place, where great interest and great dividends are promised, is shown by the failure of the First National Bank of Deming, and the First National Bank of Silver City, New Mexico. The capital stock of these banks was largely owned in Lyndon, and were managed by C. H. Dane and E. B. Chase, a brother and a son of C. M. Chase of Lyndon. The cause of the suspension is not yet known. Mr. Chase has gone on to discover what the matter is, and, we suppose, to help right up affairs. Ephraim Taylor, one of the oldest and best men in this town, died on Wednesday last from the immediate effects of a gangrene sore on his foot. "Deacon" Taylor, so called, although he never held the office of deacon, came to this town from Washington county about forty years ago. He lived to bury his whole family-four children and a wife. Since the recent death of his daughter, Celinda, he has had a pleasant home in the family of E. S. Nelson, who recently bought his place. Mr. Taylor was a true Christian, whose interest was in the church and its welfare. He lived well and died well. His funeral was held on Friday last, Rev. Mr. Fuller of Barton Landing, officiating. Barton Landing. Remember the school exhibition at Valley House hall, Tuesday evening. Ed. Stafford has rented and will move into the tenement in the Spencer house on Maple street. Will. J. Joslyn has bought the D. S. Stafford house and lot at $1400, and will move in the first of March. Denison S. Stafford has bought the Colby farm at Brownington Center, and will move about March 1. William Foster and wife returned Friday from their visiting tour, havino been as far west as Denver Col


Article from Fort Worth Gazette, March 2, 1892

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Bank Receiver. The comptroller of the currency has appointed A. C. M. Smith, McIndoes Falls, Vt., receiver of the First national bank of Deming and First national bank of Silver City, both in New Mexico.


Article from The Austin Weekly Statesman, March 3, 1892

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once consideration of the silver bill. Sev of while in said they were coinage, ral them, opposed to free avor of the subject the conof the house. if a party sideration they might, giving They conference yield said should decide against them, would their individual views, but it be done with reluctance, if at all. Pierce, Bland and other silver men express undiminished confidence of heir ability to defeat on a vote any proposition working to the shelving Baror defeat of the free silver bills. tine of Nevada, who has led the fight among the Republican members for free coinage, says he does not believ the party will vote against its consideration. and thinks ten or more Republicans will be found voting for the passage of the bill. A MINORITY REPORT. March reof the Republican of port WASHINGTON, minority 1.-The committee the ways and m ans against the bill regarding cotton ties the and machinery for manufacturing same upon the free list has been prepared by Mr. Dalzell of Pennsylvania. The report says: This manufacture was created by the tariff policy and the same pendent protective upon policy difference for is de- its preservation, because of the between the rates of wages paid here It and abroad, and for other reasons. is perfectly apparent that any reduction of the duty below the protection the point would be a serious blow to in laborers of this country, employed this industry. In regard to cotton ties, the report the the measure recommended by says majority proposes to admit cotton ties free, but to preserve the duty on bar rel hoops of iron or steel. No reason a has been given for making such recommendation and it is difficult to either on list. Why the crude article, imagine the free why should be put to iron or steel, should be subject a duty and the more finished product of which the crude article is the raw ma of terial, should come in free, is one those difficult to be the language of the Under things understood. or steel propose of law, a hoop or band of iron any and all sizes up to the dimensions of of wagon tires, and even to the kind iron or steel that might be made into blooms, come in without the payment of duty. The minority also combats the proposition to place the machinery cotfor manufacturing cotton ties and ton bagging on the free list. 'No reason has been suggested by the majority," says the report, "for providing one kind of legislation for machinery relating to the cotton in- of dustry and another for all kinds machinery, and yeare satisfied there fore to dismiss this part of the bill with the remark that it is only of a piece with what seems to be the mischievous policy of the majority to deal with tariff legislation in spots without regard to consistency.' REGULATING NATIONAL BANKS. WASHINGTON, March 1.-The Sen ate finance committee today directed favorable report be made on the of is House bill for the better control and to promote th safety of national banks. The substance of the bill forbids banks to make loans to officers or servants, unless the loan has been approved by a majority of the directors or the executive committee; and also forbids banks to allow officers' accounts to be overdrawn. A new paragraph was added as an amendment, authorizing banks to enlargethe circulation to the full par value of the United States bonds deposited. House sothat if the bill must go back to the it passes the Senate. The committee ordered that adverse reports be made on four bills to remove the taxation of state bank circulation and subject national bank notes and United States treasury notes to state taxation. THE GREER COUNTY CASE. WASHINGTON, March 1.-Justice Harlan has rendered an opinion of the United States court in the original suit between the United States and the state of Texas to settle the question of domain over Greer county, the United States contending it is a part of the Indian Territory. The case came up on a demurrer by the state of Texas, which contended the United States supreme court had no jurisdiction to try the case. The court overruled the demurrer, PO the case came up for trial on its merits. Chief Justice Fuller and Justice Lamar dissenting. HOUSE. WASHINGTON, March 1.-Mr Dockfrom the committee reported ery appropriations, of Missouri, the bill, District and of Columbia appropriation to committee of the whole. House then went as referred The Bynum into commit- of Intee of the whole, Mr. diana in the chair, on the Indian appropriation bill. RECEIVER OF TWO BANKS. WASHINGTON, March 1. -The controller of currency appointed A. C.M. McIndoe+ Falls, Vt., of First National bank at Smith, the receiver Deming Silver and the First National bank at City, both in New Mexico.


Article from The Austin Weekly Statesman, March 3, 1892

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RECEIVER OF TWO BANKS. WASHINGTON, March 1.-The controller of currency appointed A. C. M. Smith, McIndoe+ Falls, Vt., receiver of the First National bank at Deming and the First National bank at Silver City, both in New Mexico.


Article from Las Vegas Free Press, March 3, 1892

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LATE NEWS. RECEIVER APPOINTED. WASHINGTON, March 3.-The comptroller of the currency has appointed Isaac M. Smith, of McIndos Falls, Ver., receiver of the First National bank, of Deming, and of the First National bank, of Silver City, both in New Mexico.


Article from Tombstone Epitaph, March 6, 1892

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A RECEIVER APPOINTED. WASHINGTON-The controller of the currency has appointed Mr. J. M. Smith of McIndos Falls, Vt., receiver of the First National bank of Deming. and of the First National bank of Silver City, both in New Mexico.


Article from Bellows Falls Times, March 10, 1892

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= Newport is making another effort to secure a United States public building. 1 Middletown Springs began the year with a surplus of $788.24 in the treasury. i West Dummerston selectmen have decided to build a bridge across West s river. 1 May's bobbin factory at North Troy turned out 90,000 of the wooden product last week. Ernest Booth of Essex Junction has been appointed assistant superintendent of the state reform school. t In school district No. 2 of East Poultney there are 350 inhabitants, 14 of whom are 90 years old or more. ] By the will of the late Judge Asa o. Aldis, St. Albans receives land known as Aldis hill for a public play-ground. t W. H. Mart of Burlington has a pair of suspenders that were made for his I great grandfather, and are 150 years old. I Washington county Good Templars in have adopted a resolution against the opening of the Columbian exposition on Sunday. on Col. William C. Holbrook, formerly colonel of the 7th Vermont regiment, i has been elected president of the 19th Army corps. ] A special town meeting has been called at St. Albans to see if the town will exempt the Vermont Construction company from taxation for five years. Trapper O. A. Chase of Hartland caught a silver gray fox the other day which is a very rare thing in this country. It is worth from $40 to $100. 1 Mr. and Mrs. E. B. Baldwin of Sharon , celebrated their golden wedding anniversary recently. All of their children, 10 in number, and four grandchildren were I present. . The comptroller of the currency has appointed Isaac M. Smith, of McIndoes Falls, receiver of the First National bank of Deming and of the First Naa tional bank of Silver City, both in the territory of New Mexico. ] The summary of the postoffice business I at Bennington for the year ending Decem8 ber 31, 1891, shows gross receipts of $12,059.19 and the expenses, $8438.80, of 1 which $3016.80 was for free delivery ser03 vice, leaving a net revenue to the government of $3618.39. The total amount for t the money order and registry division is 8 $33,497.29 for 4896 transactions. Regis8 tered letters and parcels handled, 2633. The death of Mrs. Smith of North I Bennington was announced and the funeral was to have occurred the 21st. On i Saturday, as the friends were in the room with the body, their astonishment was beyond description when she whom t they mourned as dead arose to a sitting posture and wildly exclaimed, "Are you going to bury me alive?" Mrs. Smith is t at present, insane from the effect of the strain upon her nerves while she lay apparently unconscious, but cognizant of all that transpired around her.


Article from Las Vegas Free Press, August 12, 1892

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TERRITORIAL 1. A new national bank is soon to be t opened in Santa Fe. M. C. Freeman, e cashier of the Denver National bank, e is at the head of the project. The Union Pacific will extend its S line a few miles more down Red h . river, from Catskill, on account of 1 the large bodies of splendid timber. t The water company is not yet able to supply water enough for all the stamps at the Pacific mill. Ten stamps were in operation last week, but it is thought there will be water I : enough to supply all of them in a t few days. e The Consolidated Mimbres company's mill on the Mimbres river, near Georgetown, will be closed e down about the last of this month, and the company will suspend operations in the mines. Miners who hold leases will continue to work. A big concentrating plant is to be put in at the Bennett-Stephenson mine in the Organ mountains. A pipe line over two miles in length will be put in, through which the water supply for the plant will be obtained. The stockholders in the First National bank at Deming have until next Monday to pay an assessment of 82 per cent on their stock. The bank had a capital of $100,000, and if the assessment should be paid there will be $82,000 to be paid to the creditors of the bank. Mr. A. Clauson is having quite a streak of luck with bees. At his ranch on the Sugarite, one hive of bees has produced four swarms this season. What can be more convincing than this that here is the place for bee culture ?-Raton Range. The Miles Standish mine, at Lake Valley, has been bonded to Col. P. Mothersill for $30,000. This is believed to be the best mining property in Lake Valley outside the mines owned by the Silver Mining company. It has produced over $25,000 of ore, and is a very promising mine. A. C. Carwile and wife left for Iowa last week. Mr. C. had apparently recovered from his latest at. tack, and may recover entirely. His first attack, at Albuquerque, was much more violent than the subsequent one, here, when he went to Lone Monntain and stated that the Lord had told him to go to Cook's Peak. A change of climate and surroundings will no doubt be of material benefit to him.-Silver City Sentinel. Hon. Frank Springer, of Las Vegas, attorney for the applicants for an injunction against the Raton water works company taking water out of the Sugarite, had the injunction modified so as to allow the company to appropriate half the water flowing down that stream. Mr. Springer is too fair and just to ask for an unreasonable or oppressive order from the court. The people of Raton are indebted to him for his consideration.


Article from Santa Fe Daily New Mexican, October 31, 1892

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The Dane Banks. After nine months. a divident of 25 per cent has been declared by the defunct First National bank of Deming and 20 per cent by the First National bank of Silver City. Receiver Smith has sent on the necessary paper to the comptroller of the currency at Washington, and the funds for the payment to the creditors will be available in about ten days. Facts now seem to warrant the statement that the banks will pay about 60 cents on the dollar in final settlement, but a considerable time must necessarily elapse before matters can be closed. The stockholders are paying their assessments, the present dividend being the result of several thousand dollars received from this source a few days since. The dividend means the sum of $40,000 from the First National bank of Deming and $25,000 from the Silver City bank.


Article from People's Voice, January 6, 1893

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BUSINESS FAILURES. THE MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank, of Muncie, Pa. Jan. 23-First national bank of Downs, Kan.; $100,000. Jan. 25-Bank of Jefferson at Shepherdstown, W. Va. Jan. 29-Fall River county bank at Oelricks, S. D.: $30,000 Butler county bank at Chicora, Pa.: $60,000. Feb. 2-Commercial loan and savings bank at Kearney, Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4-Marcy, Geer & McCann's back at Raton, N. .M.; $800,000 First national bank of Deming, N. M. Feb. 6-Western Farm Mortgage Company at Denver; $1,000,000. Feb. 8 - Merchants' bank of Moorehead, Minn.: $175,000. Feb. 26-Newmarket (N. H.) savings bank suspended; $191,000. Mar. 1-Lima (0.) national bank. Mar. 21-Painesville (O.) Savings and Loan Association bank. Mar. 24 -American national bank of Birmingham, Ala. Apr. 15-Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.: ; $1,000,000. May 25-People's bank of Sea Isle City, N. J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan, Nesha county; losses, $30,000. Sep. 2-Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Sep. 24-People's bank at Hope, Ark Oct. 17-Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (private); $80,000. Nov. 5-Continental bank at Kansas City, Mo. Nov. 30-Stone City bank, of Joliet, 111., and Joliet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6-Wholesale mercantile firm of Wilczinski & Nelson at Greenville, Miss.: $100,000. Dec. 13-Black Hilis national bank at Rapid City, S. D. Dec. 13-Lipman & Co., jute merchants at Dundee. Scotland, failed for $1,250,000. Dec. 15-National bank of Newton, Kan. Dec. 18-Wholesale grocery in Brooklyn, N. Y.; $400,000. Dec. 26-E.S.Corser Minneapolis, real eastate dealer: $1,000,000.


Article from Baxter Springs News, January 7, 1893

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BUSINESS FAILURES. THE MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank. of Muncie. Pa. Jan. 23-First national bank of Downs, Kan.: $100,000. Jan. 25-Bank of Jefferson at Shepherdstown, W. Va. Jan. 29-Fall River county bank at Oelricks, S. .D.: $30,000 Butler county bank at Chicora, Pa.: $69.000. Feb. 2-Commercial loan and savings bank at Kearney. Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4--Marcy. Geer & McCann's bank at Raton, N. M.: $800,000 First national bank of Deming. N. M. Feb. 6-Western Farm Mortgage Company at Denver: $1,000,000. Feb. 8 - Merchants' bank of Moorehead. Minn.: €175.000. Feb. 2--Newmarket (N. H.) savings bank suspended: $191,000. Mar. 1--Lima (0.) national bank. Mar. 21-Painesville (O.) Savings and Loan As: sociation bank. Mar. 24-American national bank of Birmingham. Ala. Apr. 15-Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.; $1,000,000. May 35-People's bank of Sea Isle City, N.J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan., Nesha county: losses, $30,000. Sep. 2-Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Sep 24-People's bank at Hope, Ark. Oct. 17-Two Nebraska state banks, one at Ainsworth. the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (private): 880,000. Nov. 5--Continental bank at Kansas City, Mo. Nov 30-Stone City bank. of Joliet, 111., and Joliet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6--Wholesale mercantile firm of Wilczinski & Nelson at Greenville, Miss.: $100,000. Dec. 13-Black Hills national bank at Rapid City, S. D. Dec. 15-National bank of Newton. Kan. Dec. 18-W holesale grocery in Brooklyn, N. Y.: $400,000. Dec. 26-E. S. Corser, Minneapolis, real estate dealer: $1,000,000.


Article from The Irish Standard, January 7, 1893

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GLANCE BACKWARD. Review of the Many Important Happenings of 1892. Heavy Business Failures, Startling Casualties and Horrible Crines-Industrial, Political and Sporting Events, Disastrous Fires of the Year, Etc. BUSINESS FAILURES. MORE DISASTROUS ONES NOTED-BANKS GENERALLY. Jan. 11-First national bank. of Muncie, Pa. Jan. 23-First national bank of Downs, Kan; $100,000. Jan 85-Bank of Jefferson at Shepherdstown, W. Va Jan. 29-Fall River county bank at Oelricks, S. D.; $30,000 Butler county bank at Chicora, Pa.; $60,000. Feb. 2-Commercial loan and savings bank at Kearney, Neb.: $150,000. Feb. 3-National bank of Silver City, and Feb. 4-Marcy, Geer & McCann's bank at Raton, N. M.; $800,000 First national bank of Deming, N. M. Feb. 6-Western Farm Mortgage Company at Denver; $1,000,000. Feb. 8 - Merchants' bank of Moorehead, Minn.: $175,000. Feb. 26-Newmarket (N. H.) savings bank suspended; $191.000. Mar 1-Lima (O.) national bank. Mar. 21-Painesville (O.) Savings and Loan Association bank. Mar. 24-American national bank of Birmingham, Ala. Apr. 15--Interstate national bank of New York. Apr. 27-Commercial bank of St. Paul, Minn.; $1,000,000. May 25-People's bank of Sea Isle City, N. J. June 4-Platte Valley bank at Central City, Neb. June 25-First national bank at Erie, Kan, Nesha county: losses, $30,000. Sep. 2--Nebraska State bank. at Crete. Sep. 23-Richmond (Me.) savings bank. Seu 21-People's bank at Hope, Ark Oct. 17-Two Nebraska state banks, one at Ainsworth, the other at Springview. Oct. 27-Hot Springs (Ark.) Valley bank (pri-, vate); $80,000. Nov. 5-Continental bankat Kansas City, Mo. Nov 30-Stone City bank, of Joliet, 111., and Jollet Enterprise Co. (barb wire manufacturers); $1,000,000. Dec. 6-Wholesale mercantile firm of Wilozinski & Nelson at Greenville, Miss.; $400,000. Dec. .11-Black Hills national bank at Rapid City, S. D. Dec. 13-Lipman & Co., jute merchants at Dundee, Scotland, failed for $1,250,000. Dec. 15-National bank of Newton, Kan. Dec. 18-Wholesale grocery in Brooklyn, N. Y.; $400,000.


Article from Deming Headlight, June 17, 1893

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Notice of ortgagees Sale, Under and by virtue of a certain mortgage executed by J. W. Williams and his wife Ella 8. Wii. liams on the second day of June 1898 to the First National Bank of Deming, New Mexico, Isaac M. Smith Receiver, to secure the payment of three promissory notes dated Deming, New Mexico, Fub'y 8th 1890 executed by J. W. Williams and Ella S. Williams to Frank II. Sieboid and en dorsed by the said Frank II. Miebold to the First ational Bank of Doming. New Mexico, two of said notes are for the am of Two hundred 200) Dollars each with Interest at the rate of 12 per cent from date and one of which is due If months after date and the second one 80 months after date and the third note calling upon its face for the Pum of (8400) Three hundred dollare and due in 83 months after date and Default having been made In the payment of the said notes and the interest due upon the same. Now I, Edwin L. Foster as the Receiver of the First National Bar k of Deming, New Mexico, and as the successor of Issue M. Smith Deca'd Receiver of said National Bank will well at Public Auction. the following described property vist Lots Seven (7) and eight (8) In Block No. Six (f) of the towneite of Doming, New MΓͺxico to. gether with all improvements thereon for Cash on the 7th day of July A. D. 1898, at ten o'clock A. M. of said day at the front d or of the properly described lap said Mortgage in the town of Deming, Grant County, New Mexico, to antisty the payment of the notes described in said Mortgage and the interest due upon the same together with coals of sale. E. L. FOSTER, Receiver First Nati nal Bank, of Deming, New Mexico. at H. L. PICKETT, Att'y for Receiver.