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Albuquerque Bank Suspends. ALBUQUERQUE, N. M., July 3. -The Albuquerque National Bank suspended business today.
Albuquerque National Bank (Albuquerque, NM)
Episode Information
- Episode Type
- Suspension → Closure
- Start Date
- July 3, 1893
- Location
- Albuquerque, New Mexico (35.084, -106.651)
- Bank Type
- national
- Charter Number
- 3222
Metadata
Receivership Details
- Depositor recovery rate
- 100.0%
- Date receivership started
- 1893-08-11
- Date receivership terminated
- 1898-04-30
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 44.5%
- Share of assets assessed as doubtful
- 50.3%
- Share of assets assessed as worthless
- 5.2%
Events (4)
1.
July 14, 1884
Chartered
- Source
- historical_nic
2.
July 3, 1893
Suspension
- Cause
- Government Action
- Cause Details
- Comptroller notified and an official (C.C. Hall) placed in charge; suspension announced as temporary but under examiner/comptroller direction
- Newspaper Excerpt
- The Albuquerque National Bank suspended business today.
- Source
- newspapers
3.
August 11, 1893
Receivership
- Newspaper Excerpt
- a receiver has been appointed and the prospect for resumption seems very remote.-Arizola Oasis.; John W. Schofield designated as receiver in later articles (Schofield, receiver...)
- Source
- newspapers
4.
August 11, 1893
Receivership
- Source
- historical_nic
Newspaper Articles (21)
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An Albuquerque Bank Suspends. Albuquerque, N. M., July 3.-The Albuquerque National bank suspended this morning.
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Two Bank Failures. ALBUQUERQUE, N. M., July 3.-The Albuquerque National Bank suspended this morning, GOLDEN, Colo., July 3.-The McPher. son County Bank this morning made an assignment for the benefit of its credi. tors. No statement as to assets and liabilities has 80 far been made public
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Another Bank Closes. ALBUQUERQUE, N. M., July 8.-The Al. buquerque National Bank closed its doors this morning. The suspension will cause no loss to depositors, as the suspension is temporary, and oven if otherwise, the bank has not only a paid up capital of $175,000, but a surplus of $50,000.
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NEWS IN A NUTSHELL. Items of Interest Gathered From All Parts of the World. More outbreaks against the Christian missionaries are reported in China. The First National bank of Winnipeg suspended. It will pay out and resume. A fire in the cafe in Fish, Joseph & Company's dry goods store, Chicago, did $100,000 damages. The Albuquerque National bank has closed its doors. It will pay depositors in full and resume. John Sontag, the famous California bandit, died in jail at Fresno, Cal., from injuries received in a fight with officers at Stone Corral a few days ago. Henry Starr and "Kid" Wilson, members of the notorious Starr gang, were captured at Colorado Springs; also Mrs. Starr, who had almost $2,000 in gold. The rails spread under a Big Four freight train" just entering the yards at Delaware, O. Four cars were piled in a wreck and completely demolished. No one was hurt. As to the length of the extra session of congress some members who want to go to the world's fair expect a recess, while others believe the session will be continuous until next summer. The Knights of Pythias of Ashtabula, O., are endeavoring to raise a fund to build a monument to the memory of the unrecognized dead in the railroad disaster on the Lake Shore and Michigan Southern railroad near Ashtabula, Dec. 29, 1876. Over 90 bodies were not found or could not be recognized
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The Albaquerque National Comptroller Eckles was wired of the bank's suspension. He telegraphed an order placing C. C. Hall in charge, with instructions as to the shaping of affairs until an examiner can get here. This will probably be in a day ortwo.-Times.
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Several of our Kingman people had I | deposite in the suspended Albuquerque National Bank, but they will not lose a dollar by the suspension
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COCONINO county has $7,000 of her funds tied up in the suspended Albuquerque National Bank.
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Bank Receiver. J. E. Saint is circulating a petition at Albuquerque, addressed to the comptroller of the currency, which is being generally signed by depositors, asking that C.C. Hall be appointed receiver for the Albuquerque National bank. It is said that the comptroller has already made a favorable proposition to the bank to reopen for business.
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The treasurer of Coconino had $7,364.47 of county funds deposited in the Albuquerque National Bank. recently suspended, and the board of supervisors has given him until September 30 to settle by which time it is beliaved the bank will again be open and the money released.
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Northern Arizona business men who deposited in the suspended Albuquerque National Bank are beginning to be apprehensive about their money. At first it was promised that the bank would resume in a short time, but a receiver has been appointed and the prospect for resumption seems very remote.-Arizola Oasis.
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Chas. Newhall, late book-keeper in the Albuquerque National Bank, has been designated by the Comptroller of the Currency to serve as book-keeper under Receiver J. W. Schofield.-Citizen.
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ALBUQUERQUE ATOMS. A convocation of the Episcopal clergymen of New Mexico will be held at Socorro on November 9. Bishop Kendrick and Rev. Osborne, of this city, will attend.-Times. C.P. Copeland, of Russell, Kas., interested in the Star mine, Hell canon, with H. T. McKinney, is in the city, and yesterday arranged with Mr. MeK ney for a trip to the mine. John Becker, the big merchant and flour miller of Belen, yesterday consummated 1 the sale of 500 sacks of wool to Gross, Blackwell & Co. The price obtained by Mr. Becker is private. W. B. Childers, attorney to Receiver Schofield, of the Albuquerque National bank, is in Denver on legal matters connected with the J. A. Johnson injunction suit. He is expected home to-night. Dr. Pozzi, of Paris, and Oscar Cambefort, of Lyons, two wealthy French gentlemen, almost direct from France, are in the city and made R pleasant call at the Commercial club yesterday morning. They have been visiting the World's fair and are now making a tour of the southwest country. A. A. Grant returned Monday evening from Magdalena, where he superintended the shipment of some cattle. He states that Reese & Stoller and other cattlemen also shipped some steers from Magdalena. Mr. Grant reports the stock in fine condition for grass fed, and states that the country is looking splendidly. He learned before he left Magdalena that a party of Denver capitalists were arranging to establish a gold quartz mill in Water Canon, near Magdalena, in a very short time.Times. H. J. Brayton and son, R. Brayton and wife, came here about two weeks ago from Denver and registered at the Armijo. The senior Brayton left a few days ago for El Paso and is a big man physically. The junior Brayton, who 18 a small, boyish young fellow, remained with his wife, and after the senior Brayton left town S he and wife quit the Armijo and took a room upstairs over O. W. Strong's. There is nothing singular about the above news, but it now transpires that the 1 senior Brayton took all the money belonging to Mrs. Brayton, the daughter inlaw, gambled it away and then left. e It also transpires that Mrs. Brayton WAS known here as Kitty Wallace and e Kitty Ross, and that the young man with her was not named Brayton at all. It is also learned that some one was steered e against the lady, but that the young man and the scheme "for revenue" e to Yesterday to Denver for money or made failed graphed a kick purpose. she Ross railroad tele- and ticket, signed her name of Kitty last night she and the young man took the train for the north. She is a very preposossing looking brunette, and by those who know it 18 claimed that she is n really a blonde. Some folks in town had a very narrow escape.-Times. e
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John W. Schofield, receiver of the Albuquerque National bank, has instituted suit against the board of county commissioners of Valencia county. The suit is brought to recover $5,000 damages for county warrants issued by the commissioners, which were cashed by the bank. While at Gallup last week Mr. M. S. Hart, the territorial coal oil inspector, inspected 4,000 gallons of oil, of which he condemned 1,300 gallons. Mr. Hart has decided to become a resident of Gallup, provided he can secure the franchise for an electric light plant from the city authorities. Assistant United States prosecuting attorney for the territory, H. B. Ferguson, returned last night from Las Cruces, where he was called to assist in the prosecution of C. H. Dane, the famous bank wrecker of Southern New Mexico. The case was called, but was postponed on account of the illness of T. B. Catron, of Santa Fe, attorney for Mr. Dane. It is likely the case will be re-called one day this week, when, it is thought, Mr. Catron will be well enough to appear for his client. —Albuquerque Citizen.
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Paper House Closed. ALBUQUERQUE, N. M., Feb. 20.-The book and paper house of Bullock, Brighton & Co., the largest of its kind in New Mexico, was closed under attachments served by the receivers of the suspended Albuquerque National and New Mexico Savings bank, amounting in all to $29,000.
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Mora with the prisoner last Monday night. E. B. Ames, who was the treasurer of the town of Cerrillos for years, will leave this week for Tulare, Cal, where he and his family will reside in the future. Mr. Ames is one of the best citizens of the adjoining Santa Fe county, and the people of Cerrillos will find out, soon after his departure, that the town loses a good man. The gentleman is interested, with a party of Chicago capitalists, who intend to colonize thousands of acres of fruit lands near Tulare. The Las Vegas Optic says: Jose F. Jaramillo and Trinidad R. de Jaramillo, of Los Lunas, down the country, have executed a chattei mortgage to John W. Schofield, receiver of the Albuquerque National bank, on 21,000 head of sheep, more or less, in San Miguel, Guadalupe and Lincoln counties, to secure the payment of $6,820.60, the amount due from them to the defunct banking institution. Some person, supposed to be one of Albuquerque's numerous bad boys, whose parents allow to prowl the streets at all hours during the night, threw stones against two of the plate glasses of the Free Public library room, Commercial club building, the other evening, and broke them. Would you believe it possible! Politics are growing so sultry that this morning two prominent, lawyers made a Railroad avenue holiday by engaging in a street fight. They are such poor fighters that their names and the rounds fought will not be published. The ladies of the Public Library association have determined to give a series of hops, during the season now opening, for the benefit of their institution. The first party will be given on Hallowe'en, Oct. 31, and tickets will be on sale in the course of a few days. Cattle Inspector Chas. Fowler states that the cattle quarantine for the year ceases to be in force on November 1 and can not be again applied until April i. The quarantine against sheep from New Mexico, Texas, Oklahoma and Utah continues in force. The family of T. L. Burgett, the well-known engineer n the Atlantic & Pacific, after a protracted visit to relatives and friends in Wyoming, returned last night. Mr. Burgett met the folks here, and all will go west to Winslow this evening. Mrs. Fetters, who concluded the other day to rent the Windsor hotel, late yesterday afternoon concluded otherwise, and the hotel is again in the hands of Meliton Chaves, agent for Jose G. Chaves, owner of the building. V. C. Philips, who clerked at Elder & Co.'s some time ago, died at Brookline, Mo., on the 3d of October. He was here about a year ago, and there are a number of friends here who will regret to learn of his death. W. L. Haney, for the republicans, and W. S. McLaughlin, for the democrats, will this week take a census of the voters of the city for their respective parties. ### Army Notes The two cannons from Fort Marcy were to-day shipped to the ordnance depot at Benecia, Cal. The hospital stores have been sent from Fort Marcy to Fort Wingate and Dr. Kimball will follow to-night. Commissary Sergeant Lehman Hineman will be sent to Fort Walla Walla, Wash., as soon as his services at Fort Marcy can be spared to relieve Commissary Sergeant Edgar Hollenbeck. A general order has been issued regulating the allowance of pack and draft animals at all posts, which shall not exceed the rate of four for each post garrisoned by one company, with an additional company. The total number of pack and draft animals allowed the department of the Colorado is limited to 600. Lieutenant Stottler therefore expects an order shortly directing the sale of the splendid lot of mules now at Fort Marcy. -New Mexican.
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# THE SUPREME COURT. Opinions Handed Down this Forenoon in a Number of Important Suits. The supreme court met this morning and handed down a number of decisions. The case of A. M. Gentile vs. Margaret Crossan and Elliot Crossan, appealed from Bernalillo county, was reversed and sent back for a new trial so as to admit certain evidence as to the boundaries of the tract of land involved. The case of John W. Schofield, receiver of the Albuquerque National bank, vs. Stephen M. Folsom, appealed from Bernalillo, was affirmed. In this case the court below sustained the assignment made by Folsom and quashed the attachment gotten out by Receiver Schofield and the supreme court says that that decision was right. The Lyndonville National bank's suit also against S. M. Folsom was sent back for a new trial in Judge Collier's court. These three decisions were rendered by Judge Freeman. Justice Smith announced a decision dismissing the appeal in the case of W. H. Bucher, trustee, vs. Moses Thompson, et al., from Sierra county. Mr. Bucher moved to dismiss the case on the ground that there had been no final decree rendered in the case. Mr. J. W. D. Veeder made a brief argument in the case of J. G. Clancy vs. J. G. Clancy, administrator of Chas. E. Fairbank. The court took the matter under advisement and announced that a decision would be rendered on Thursday. A motion and brief in the case of J. D. Bullard vs. Lorenzo Lopez from Las Vegas was filed and continued on account of the absence of Mr. Catron. The hearing of the case of Chas. Closson against the board of trustees of Cerrillos was postponed until Thursday on account of the absence of Attorney W. C. Heacock. The court also announced that decisions in the cases of Perea vs. Harrison and the First National Bank of Albuquerque vs. Lee would not be rendered until the next term. The court passed an order providing for the publication of the decisions of the court by the West Publishing Co., of St. Paul, in its law publication, the Pacific Reporter. The court admitted to citizenship a number of Cerrillos parties, and then adjourned until Thursday at 10 o'clock.
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# THE SUPREME COURT Opinions Handed Down in a Number of Cases. The New Mexican of yesterday says: The supreme court met this morning and handed down a number of decisions. The case of A. M. Gentile vs. Margaret Crossan and Elliot Crossan, appealed from Bernalillo county, was reversed and sent back for a new trial, so as to admit certain evidence as to the boundaries of the tract of land involved. The case of John W. Schofield, receiver of the Albuquerque National bank, vs. Stephen M. Folsom, appealed from Bernalillo, was affirmed In this case the court below sustained the assignment made by Folsom and quashed the attachment gotten out by Receiver Schofield, and the supreme court says that the decision was right. The Lyndonville National bank's suit, also against S. M. Folsom, was sent back for a new trial in Judge Collier's court. These three decisions were rendered by Judge Freeman. Justice Smith announced a decision dismissing the appeal in the case of W. H. Bucher, trustee, vs Moses Thompson, et al., from Sierra county Mr. Bucher moved to dismiss the case on the ground that there had been no final decree rendered in the case. Mr. J. W. D. Veeder made a brief argument in the case of J. G. Clancy vs. J. G. Clancy, administrator of Charles E. Fairbank. The court took the matter under advisement and announced that a decision would be rendered on Thursday. A motion and brief in the case of J. D. Bullard vs. Lorenzo Lopez, from Las Vegas, was filed and continued on account of the absence of Mr. Catron. The hearing of the case of Charles Closson against the board of trustees of Cerrillos was postponed until Thursday on account of the absence of Attorney W. C. Heacock. The court also announced that decisions in the cases of Peres vs. Harrison and the First National Bank of Albuquerque vs. Lee would not be rendered until the next term. The court passed an order providing for the publication of the decisions of the court by the West Publishing, company, of St. Paul, in its law publication, the Pacific Reporter. The court admitted to citizenship a number of Cerrillos parties, and then adjourned until Thursday at 10 o'clock.
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Of Local Interest. The case of J. W. Schofield, receiver of the Albuquerque National bank, vs Montague Stevens et al, decided Thursday in the supreme court, settled in the affirmative the question whether or not the receiver of a national bank has the right to sue in the federal courts of the territory. Judge Freeman, who presided in the court below, decided that a receiver had no such right, although he believed the opposite He so decided in order to give the supreme court a chance to decide the question. Thursday when the
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Highest of all in Leavening Power.-Latest U. S. Gov't Report Baking WINNS Powder ABSOLUTELY PURE In the district court at Albuquerque NEW MEXICO NEWS. yesterday. In the case of Receiver Schofield, of the Albuquerque National bank, La Belle is on a boom. against various parties, Messrs. Clancy and Field appeared as attorneys The Albuquerque Citizen has been enfor various defendants and filed a larged and sports a new head. special plea setting up that the 10 The Eddy Argus: A great many cotper cent clause for attorney's fees in the onwood cuttings are being planted by notes given the Albuquerque National armers about Malaga for wind-breaks bank is usurions contract and can not be nd shade. enforced Receiver Schofield, by his atThe San Marcial Bee affirms that F. O. torney, W. B. Childers, filed a demurrer to Blood last week shipped two thoroughhis plea and the argument of this demurrer red Leghorn cocks to A. F. Harrison at was heard by the court but not concluded. ocorro. This question is of great interest to many borrowers, leaders and litigants. Las Vegas has set the good example of
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DISTRICT COURT. Several Important Cases Disposed of by His Honor. The case of Jesse S. Gale and Walter J. Farr vs. Raimundo Salas was tried here this morning on a charge of venue from Valencia county. The testimony showed that the plaintiffs purchased several hundred head of sheep in Socorro county which were to be delivered at Lamy Junction by the defendant. When the shipment arrived in Lamy a number of sheep were missing and the plaintiffs brought a replevin suit against Salas for that number. A judgment was found and the defendant requested to deliver the missing sheep or refund the money paid for them to the plaintiff. B. S. Rodey represented the defendant and E. V. Chavez appeared for the plaintiff. The question of the allowance of the indebtedness against the bankrupt. J. A. Johnson. came up on a petition for a review of the findings of the exceptions of the allowance of the referee, B. S. Rodey, on a note of $7,000. The main point made by the petition for a review was whether the statute of limitations had run as to the $7,000 note. B. F. Adams represented J. A. Johnson. and A. B. McMillen appeared for the agent of the stockholders of the defunct A1buquerque National bank, while Johnston & Finical looked out for the interests of the receiver of the New Mexico Savings Bank and Trust company.