3440. Leadore State Bank (Leadore, ID)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
February 1, 1916*
Location
Leadore, Idaho (44.680, -113.358)

Metadata

Model
gpt-5-mini
Short Digest
1994f7a5d191a427

Response Measures

None

Description

Newspaper articles (1916 and 1917) state the Leadore State Bank went into the hands of a receiver and refer to it as defunct with receivers and legal actions by the deputy bank commissioner. No article describes a depositor run. The suspension/closing appears regulatory (receiver assigned) and permanent by 1917 when the bank is called defunct and receivers/attorneys are cited.

Events (2)

1. February 1, 1916* Receivership
Newspaper Excerpt
the Leadore State bank went into the hands of a receiver; Receivers, attorneys, court costs and sacrifices ... (1917 article referring to the bank as defunct).
Source
newspapers
2. February 1, 1916* Suspension
Cause
Government Action
Cause Details
Deputy bank commissioner brought suit and the bank had been placed in the hands of a receiver (regulatory action due to insolvency).
Newspaper Excerpt
the Leadore State bank went into the hands of a receiver
Source
newspapers

Newspaper Articles (2)

Article from Evening Capital News, February 25, 1916

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Article Text

State Horticultural Inspector Graham has been busy the past week with his deputies inspecting shade trees In Boise. A number of them were found infected and were ordered sprayed. The inspection will continue. Two appeals were filed in the supreme court yesterday. The first is entitled Timothy Dore, as special deputy bank commissioner of the Leadore State bank versus Morris H. Cottom. The second is the same plaintiff against Ernest R. Benedict. The appeals are from the judgments entered in the Sixth judicial district for Lemhi county. It is charged by the deputy commissioner in both cases that the respective defendants held. prior to the time the Leadore State bank went into the hands of a receiver, one share of the capital stock, each valued at $100; that, knowing the institution to be insolvent and the stockholders liable for indebtedness, they endeavored to assign nine shares of stock to W. W. Lattridge, who was engaged in the operating and managing of the bank. The deputy commissioner says that the bank is unable to pay Its indebtedness and he therefore brought suit against the two above-named defendants, asking for a judgment of $1000 from each of them. The Pacific Telephone & Telegraph company has written the public utilities commission that in order to satisfy complaint against rates It charges it is willing to put into effect a rate of 10 cents for the one minute and five cents for each additional minute on its toll line between Troy and Kendrick, or a rate similar to the one in effect in Latah, Lewis and Nez Perce counties. Benjamin M. Squires, special assistant with the bureau of labor statistics. United States dep tment of labor at Washington, D. C., held a conference with the public utilities commission yesterday regarding safety rules and regulations governing the operation of utilities, particularly as regard to laboring men. Mr. Squires was informed fully as to the rules the commission has adopted for this state. These rules are among the most modern of any commission in the country nd as effective, it is said. Mr. Squires showed a keen interest in the work of the Idaho commission. War spirit has triumphed over Idaho's "democratic simplicity" and Governor Alexander, accompanied by Mrs. Alexander and the governor's full military staff, arrayed in all the gold lace that can be found in the state house, will tonight go to Caldwell to attend the military ball. It is expected that the residents of the Canyon capital will be dazzled by the munificent ar"a. of gold braid, gold lace, swords and other military equipment with which the governor, Mrs. Alexander. General Crow, Colonel Priest and the rest of the warlike heads of the state's army will be attired. Mrs. Alexander will be arrayed in resplendent garments paid for out of Governor Alexander's pockets many months ago. T..e governor himself will wear his hand-me-down taken from the shelves of his own store before he became governer, and the expenses of the military staff, including transportation charges of Colonel Priest, who has never before been known to pay railroad fare, will be paid out of Governor Alexander's bank account accumulated prior to the last election, none having accumulated since that date Renuh


Article from The Idaho Recorder, August 3, 1917

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Article Text

# LEADORE NOTES. Salmon fishing (or spearing) is not as good this season as in former years in the upper Lemhi. Mrs. Charles Lee, sister-in-law of Mr. and Mrs. John Yearian of Junction, is visiting from Butte. The hum of the Friedorff saw mill is certainly pleasing music to the industrial element of Leadore. Mr. and Mrs. J. D. Lunney with sons, Masters Earl and Sammy, are visiting in Bannock this week. Mr. and Mrs. "Billy" Castle have about completed arrangements for their auto trip to San Diego, Calif., at which place reside their many relatives. William Waugh came back from Butte Sunday whistling "No Wedding Bells for Me." At this stage of life's game it's patriotic on the part of Willie. There is nothing of importance connected with Dr. Hart's this week's weekly trip to Salmon. (Note -Leave standing this item until forbid.) Mr. and Mrs. Charles Denny, Clarence Pyeatt and Mrs. Fred Chase returned Tuesday from their Yellowstone park auto trip. All report a fine time. Bohannon Springs, hot and proclaimed of curative power, is a fine 8-mile auto drive from Leadore. It's a new resort that many are taking advantage of. The 32,000-mile Ford of the Klingers was headed Yellowstone park way Wednesday morning. Their destination will be Kansas. Thence a southern route to California. Lemhi? Well, perhaps, later. Alex Cruickshank, the contributor to the Pioneer's column, used carbolic acid by mistake for an eye lotion. Though his eye lids were badly burned Mr. Cruickshank does not believe that his eyesight is impaired. W. H. Boomer, accompanied by his wife, was up Saturday inspecting road work on Leadore-Gilmore contract. Your correspondent believes that bad road complaints at this time are premature. Wait until completion. The Pearce-Penard celluloid picture show, probably the greatest road entertainers (of seven in number) in northern Idaho have been playing the upper towns of the Lemhi and today pull for May and Challis. Their pictures are the best ever seen in Leadore. Prof. Robert Bradford of the University of Utah, accompanied by G. W. Holmberg have been in Leadore the greater part of the week and as experts have given the Leadville and adjoining properties the "once over." The gentleman admitted the very interesting period of development by the present mine holders, the Sunset company. We are informed that another dividend is forthcoming from the Leadore State bank (defunct.) At least 20 per cent if not another 30 will bring the total paid close to "dollar for dollar" for the one time little bank that never was truly insolvent. Receivers, attorneys, court costs and sacrifices is like throwing good money into the Lemhi river. Depositors and stockholders alike could have saved the day. The simple ousting of a cashier would have kept intact the much needed depository for Leadore and vicinity. Why should the flea annoy the elephant or in comparison why should the G. & P. corporation worry over an alleged competition of automobile stages between Salmon and Armstead or else the railroad would have long since inaugurated a rail auto service in handling both mail and passengers on the every other day that is not now supplied by the company. The inspection of a 6-passenger speeder in the G. & P. shops at Leadore the other day and the gleaning of some advanced ideas of coming events we are convinced that the rail auto will be inaugurated in the near future. The Sunset people are jubliant over the present showing of ore found at the very deepest development work in the Leadville mine. Five hundred feet vertical depth on the 35 degree incline vein is now attained and as the drift is carried east still greater depth is gained with shutes of ore encountered that have in the past made the old Junction mine famous. The most interesting part of mine development, however is in the shaft that was started this week in the drift of the lower workings for it is the contention of the best mining men and geologists that at or near the water level large bod