98050f3438650440Capital injected, Full suspension, Books examined
Other: Receivership was appointed (temporary receiver by Comptroller of the Currency, then permanent receiver H. D. Marshall Jr.), leading to legal proceedings and eventual reopening on local capital.
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ARIZONA NATIONAL BANK CLOSES Institution at Globe With Deposits of $300,000 and $50,000 Capital Suspends Payment, [By Morning Journal Special Leased Wire.] Globe, Ariz., Nov. 5.-The Globe National bank, with a capital of $50.000 and deposits of $300,000, temporarily suspended today. Heavy drafts on the cash on hand with no cash coming in from outside banks, forced the action. The full legal reserve is on hand. Cashier Smith says the bank will pay dollar for dollar to depositors.
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Another Bank Failure. Globe, Ariz., Nov. 6.-The Globe national bank, with a capital of $50,000 and deposits of $300,000, suspended Tuesday. Heavy drafts on the cash on hand, ,with no cash available from outside banks, forced the action. The full legal reserve is on hand. Cashier G. Smith says the bank will pay depositors in full.
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Another Bank Closes. Globe, Ariz., Nov. 6 -The Globe National Bank suspended today, heavy drafts on its cash with no assistance from outside banks available forcing the action. The financial agent is on hand. The bank has a capital of $50,000 and deposits of about $300,000. Casbier Schmid: says all depositors will be paid in full.
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Temporarily Suspends. Globe, Ariz., Nov. 7.-The Globe National bank, with a capital of $50,000 and deposits of $300,000, temporarily suspended. Heavy drafts of the cash on hand, with no cash coming in from outside banks, forced the action. The full legal reserve is on hand. Cashier A. G. Smith says the hank will pay dollar for dollar to depositors.
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yesterday. Hold up Pension Vouchers. Washington, Nov. 6.-Word reached the treasury department yesterday that because of the reluctance to part with the currency they have on hand, national banks throughout the country are declining to cash pension vouchers, disbursing officers' drafts and other obligations of the government. Treasurer Treat took measures to relieve this condition and sent telegraphic advices to all subtreasuries to make prompt payments in currency to all persons holding such checks or drafts of what may be due them. These advices were as follows: "Any national bank forwarding to any sub-treasury office checks of United States disbursing officers, including pension checks for payment thereof, if properly endorsed when presented and said endorsements guaranteed by any national bank, currency will be shipped in payment thereof by express." Treat is taking all possible steps to relieve the tension caused by the money stringency and is, sending out hundreds of telegrams daily explaining the situation and suggesting remedial measures. Another Bank Suspends. Globe, Ariz., Nov. 6.-The Globe National bank, capital $50,000, deposits $300,000, temporarily suspended yesterday. Heavy drafts on the cash on hand with no cash coming in from outside banks forced suspension.
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NEW RECEIVER FOR GLOBE NATIONAL BANK ARRIVES IN THE CITY H. D. Marshall Jr. of St. Louis arrived in the city last evening and this morning he will take charge of the suspended institution, relieving Territorial Auditor J. H. Page, who was appointed temporary receiver by Comptroller of the Currency Ridgely. Mr. Marshall has been in the government service for some time past and came here from San Antonio, Texas, where he had charge of the Woods National bank that was forced to close its doors several weeks ago. Mr. Page will remain here for about a week until his successor becomes acquainted with the affairs of the Globe National.
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SHORT STORIES OF THE CITY Special Meeting of Masons-There will be a special communication this evening of White Mountain Lodge, No. 3, F. & A. M., for work in the M. M. Visiting brethren cordially invited. By order of the W. M. Baptist Services-Rev. R. D. Latter will conduct regular services at the Baptist church Sunday morning and evening, The morning subject will be: "Have Faith in God;'' evening, "The Ruler Who Was Almost Persuaded to Be a Christian." Services and Sunday-school at the usual hours. Paid Up Meat Bill.-The case against Mr. and Mrs. Ed Williams, charged with an alleged attempt to defraud their creditors, was dismissed after it had been taken to the grand jury room for investigation. The meat bill of the Globe Wholesale Meat company, which caused the action, was paid and the prosecution dropped. Governor Leaves Today.-After a day and two nights in Globe, Governor Joseph H. Kibbey and B. A. Fowler leave this morning. The governor will stop off for a day at Safford, where he will renew old acquaintances, and Mr. Fowler will return to Phoenix. New Receiver in Charge.-H. D. Marshall Jr. of St. Louis yesterday morning took charge of the affairs of the Globe National bank as permanent receiver, National Bank Examiner Page transferring his duties to the First National bank. Message from Santa.-The Palace Pharmacy has received an interesting message from Santa Claus, which is publishel in the shape of a regular open letter in their advertising space on page six. It will be found of interest to old as well as young people. Read it. After the Poundmaster.-There will be an interesting trial in Judge Thomas' court today following a complaint made yesterday by Supervisor Ryan against
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Has Appendicitis-John Sikes is suffering with an attack of appendicitis and has been removed to the Old Dominion hospital. Woman Found Insane-Marie Rogalle, wife of C. Rogalle, was adjudged insane yesterday afternoon in the probate court and this morning will be taken to the territorial asylum at Phoenix. The woman was examined several months ago as to her mental condition and while found demented, it was thought that her derangement was only temporary. Bagged Many Quail-H. D. Marshall, Jr., receiver of the Globe National bank, E. C. Perkins, receiver of the First National, A. J. McKinnon, Laurie Brown and Dr. J. D. Holcomb spent Sunday at Gilson's ranch hunting quail. They returned with a goodly number of birds and several affidavits as to who shot them. Ray Is Very Quiet-E. G. Thomassuperintendent of the Arizona-Hercules company, operating at Ray, is a visitor in the city. Mr. Thomas states that there is little doing in the way of mining at Ray and Kelvin. The Ray mining company has recently installed two Keystone "churn" drills, which are being used in exploring its ground. One of these drills made 200 feet in the first twenty-four hours it was operated. The drills are said to be much better than diamond drills. Making a Park-Mac and Jim, the proprietors of the Wedge saloon, are planting a grove of cottonwood trees near the North Globe bridge, which they hope some day will furnish an outing place for the residents of that section of the city. Truant Officer Busy-The clerk of the board of school trustees is compiling a list of names of children of school age for the constable, who will enforce the compulsory school attendance law for children between the ages of six and fourteen. The law specifies that children between the ages of six and fourteen years shall attend public school fourteen weeks in a year, six of which must be consecutive. A Sad Journey-D. Nicholson, the tailor, yesterday left for Portland, Ore., in answer to a summons to the bedside of his wife, who it is thought cannot live. She was in her usual good health a short time ago, and the telegram came as quite a shock to Mr. Nicholson. It is hoped that the worst conjectures may prove wrong. Mrs. Nicholson has been in Portland since summer. With her is the daughter, Miss Sadie Nicholson. Arthur Nicholson and wife recently went to Seattle and will reach Portland before Mr. Nicholson.Republican.
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Documents Filed For Record. Arizona Copper Co. file proof of labor on 142 lode and 9 placer claims. J. N. Warden and wife to Bianes & Valdez, bill of sale, $700, 260 stock goats. Richard N. Campbell locates I claim in Copper mt. dist. New England & Clifton Copper Co. file proof of labor on 20 claims in Greenlee dist. H. D. Marshall, Jr., receiver of Globe National Bank files attachment vs. H. P. and L. E. Wightman for $2250 on 37 acres in sec. 2, 4 s, 22 e and n 1 lot 2, blk. 45, Pima. H. D. Marshall, Jr., receiver Globe National Bank, files attachment vs. L. E. Wightman, Wm. H. Butler and S. J. Sims, $5000 upon same land as above, also nw, se and W t se ne, 24, 6 s, 24 e and S 1/2 nw sw, and tract in nw, 33, 5 s, 24 e, lots 3 and 4, blk. 56, and part lot I, blk. 46, Pima (property in Globe). Julius Gribbert and James Talamantes claim 160 acres each and water rights on Eagle creek. Isaac and R. N. Campbell locates 1 claim in Copper mt. dist. John H. Cluff, widower, to E. S. Kimball and R. A. Shipp, deed, $3000, 65 acres in W 1 nw, 29, 6 s, 25 e. Hyrum Brinkerhoff and wife to w. H. and Edw. M. Claridge, deed, $100, 361 acres in se, 35, 6 s, 25 e. Carolota G. Valdez et al to Rev. Emile Barrett, bill of sale, $500, lumber house in Metcalf. Shannon Copper Co. files proof of labor on 9 claims in Greenlee dist. D. L. Dorsey locates 1 claim in Greenlee dist. J. P. Weatherby files proof of labor on 1 claim in Aravaipa dist. Simon Cisneros locates 2 claims in Greenlee and Copper mt. dist. Advance Mining Co. files proof of labor on 9 claims in Black Rock dist. and 19 claims in Clark dist. Robert Coalson et al locate 1 claim 40 mi. ne of Clifton. A. Hannum and wife to R. L. McAllister, deed, $300, lot 1, blk. 5, Smith's add., Safford.
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Notice to Depositors Receiver's Certificates are now ready for all creditors who have made legal proof of their claims against the Globe National Bank. H. D. MARSHALL, Jr., Receiver.
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STAMP MILL NEEDED FOR TROY GOLD PROPERTY It Will Be Erected as Soon as Bank Releases Mr. Crowe's Fundes FLORENCE, Arizona., February 15. -T. H. Crowe, the Troy gold miner, has departed for the San Carlos strip to do a lot of development work on claims he owns within the strip. After finishing that work he expects to return to Troy and erect a small stamp mill on his gold property. He has bought the mill and was preparing to in stall it when the financial panic tied up the Globe National bank in which Mr. Crowe had his money deposited. He- could not withdraw his money from the bank and as a consequence could not proceed with the installation of his mill. Pending the settlement of the bank with its depositors he will put in his time at his San Corlos properties. They are full of promise and he will realize a fortune from them some time in the near future.
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of Clifton was appointed referee in bankruptcy vice J. F. Cleaveland, re-signed, and his bond fixed at $1,000. Thomas Smith was named United States commissioner at Clifton to succeed Mr. Cleaveland. In the case brought in the United States court by H. D. Marshall, Jr., receiver of the Globe National bank, against George Ashby and Old Dominion Commercial company and George W. Shute garnishees, judgment was rendered for the garnishees, but execution of judgment was suspended pending the hearing of a motion for a new trial, which was continued for the term. Judgments were rendered for the receiver of the GlobeNational bank against L. E. Wightman, H. P. Wightman, W. H. Butler, and H. J. Sims, also in the case of the receiver against L. E. Wightman and H. P. Wightman and in the case by the same plaintiff against F. C. Morello. In the case against A. J. Ross and G. J. Ridenour, garnishee, judgment was rendered for
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GLOBE BANK RESUMES. Globe, Ariz, May 23.-The Globe Na. tional bank, which closed Its doors Nov. 4, after a running lasting several days, reopened this morning prepared to pay all depositors. The bank's capital is $50,000.
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Globe Bank Reopens. Globe, Ariz., May 23.-The Globe National bank, which closed its doors November 4, after a run lasting several days, reopened this morning prepared to pay all depositors. The bank's capital is $50,000.
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GLOBE NATIONAL BANK WILL REOPEN TODAY Great Confidence Felt in the Future of the Institution. Globe, Ariz., May 22.-(Special.)The Globe National Bank, which closed its doors on November 4, after two bad runs, will re-open tomorrow morning at 9:30 o'clock. The bank will be re-opened entirely on local capital. The directorate is: Dr. W. A. Holt, president; E. M. White, vice president; Pat Rose, vice president; A. G. Smith, cashier; Fred C. Griffin, A. W. Snyder and J. J. Keegan, all Globe men. The capital stock is $50,000 and the surplus and profits $7,636.65. Much confidence is expressed in the institution and the first day's de+ posits will greatly exceed the amount drawn out.
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GLOBE NATIONAL BANK WILL REOPEN ITS DOORS By Associated Press. GLOBE, Ariz., May 22.-The Globe National bank, which closed its doors November 4 after a run lasting several days, reopens tomorrow morning prepared to pay all depositors on demand. Capital, $50,000; surplus, $7600. Officers are Dr. W. A. Holt, president; A. G. Smith, cashier; Patrick Rose, A. W. Sydnor, E. M. White, Fred C. Griffith, J. J. Keegan, directors.
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Globe, Ariz., Bank Reopens. GLOBE Ariz. May 23.-The Globe National Bank. which closed its doors November 4. after a run lasting several days. reopened today and prepared to pay all depositors. The bank's capital is $50 000.
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THIS BANK OPENED AGAIN. Arizona Institution Failed During Panic, But Paid Out. By Associated Press. Globe, Ariz., May 23.-The Globe National Bank, which closed its doors November 4, after a run lasting sev eral days, re-opened to-day prepared to pay all depositors. The bank's capital is $50,000.
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Bank Has Reopened. Globe, Ariz., May 25.-The Globe National bank, which closed its doors Nov. 4 after a run lasting several days, reopened Saturday, prepared to pay all depositors. The bank's capital is $50,000.
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Bank Reopens. Globe, Aris., May 25.-The Globe National Bank, which closed its doors November 4, after a run lasting sev. eral days, has reopened and is prepared to pay all deposits. The bank's capital is $50,000.