7504a2c8Capital injected, Full suspension
Other: Receivership appointed by Comptroller; temporary receiver (territorial auditor) then permanent receiver H. D. Marshall Jr.; reopening with local capital and surplus injection noted in articles.
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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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ARIZONA bank SUSPENDS. Globe, Ariz., Nov. 6.-The Globe national bank suspended today.
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ARIZONA BANK IS EMBARASSED GLOBE, Ariz., Nov. 5.-The Globe National Bank, with a capital of $50,000; deposits $300,000, suspended temporarily today. The bank has the full legal reserve on hand. The cashier says that the bank will pay dollar for dollar. All banks here have gone on a clearing house basis and refuse to pay out more than $10 cash at one time.
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Globe, Arizona, Bank Quits. Special to the Herald. Globe, Arizona, Nov. 6.-The Globe National Bank suspended today. Heavy drafts on its cash with no outside assistance possible forced the action on the bank.
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The Globe National Bank, of which A. G. Smith is cashier held a directors meeting this week, at which it was decided to suspend business temporarily. In a statement Mr. Smith assured depositors that the bank was solvent. Other Globe banks adopted the clearing house system.
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San Carlos Indian agency, is a business visitor in the city. D. W. Wickersham returned to Safford Sunday morning after spending a week in the city on business. J. W. Waddle, Joe Cline and Ray Gillen of Cline are visitors in the city on business in the county building. E. F. Kellner has returned from Phoenix, where he spent a week with Mrs. Kellner, who is wintering in the Capital city. Mrs. Dolph Baatz is expected home this evening from San Francisco, where she has been purchasing holiday goods for the People's Store. Chuck Rogers, formerly sheriff of Gila county, who is now residing at Santa Monica, Cal., is shaking hands with Globe friends and looking after his local business interests. Judge and Mrs. F. S. Nave arrived home Sunday evening from Phoenix, where they spent fair week, the judge also attending to his duties as associate justice of the supreme court. Sheriff J. H. Thompson and Mrs. Thompson returned Saturday night from San Antonio, Texas, where they spent several weeks with their daughters, who are attending school there. Wiley E. Jones and George H. Crosby prominent Gila valley attorneys, are in Globe attending district court. Attorney Jones is looking after the legal interests of the Gila Valley railroad. Former Undersheriff Dave Heron came in from his silver mine Sunday, being summoned as a grand juror, but was excused by Judge Nave and returned to his mine yesterday afternoon. J. H. Page, territorial auditor, who has been named as receiver for the Globe National bank, left for Phoenix Sunday morning on official business and is expected to return to Globe this evening. Judge A. C. Baker of Phoenix arrived in the city Sunday evening on business in the district court. He is associated in the defense of R. H. Daniels, who will be tried for murder during the present term of court. Charles Edwards, one of the leading cattlemen of the Tonto country, is in Globe on district court business. Charley says that the range in that section is in the finest condition it has ever been at this time of the year and that the cattle business is flourishing.
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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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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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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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Marshall Returns-H. D. Marshall, Jr., receiver of the Globe National bank returned last evening from Bisbee where he was sent by the comptroller of currency to take charge of the First National bank of that city when its condition became known. Mr. Marshall caused the arrest of its president and cashier for alleged irregularities. Sev. eral days ago he turned over the bank to Permanent Receiver Lakin.
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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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and this clears away any suspicion of a cloud on the title. Next week the work of building a stockade for the sinking a well at the site prisoneryand will be commenced, and from that time on work will be pushed in earnest and the walls of the new institution will soon be looming up. And if the predictions of some of the gentlemen to be connected with the work, come true, by the middle or latter part of next January, the building will be so far completed as to be ready for the prisoners." GLOBE NATIONAL REOPENSThe Globe National Bank which suspended November 5, 1907, after two runs had been made upon it, opened for business again Saturday morning. Concerning the reopening the Silver Belt says: The bank is being reopened with a capital stock of $50,000 and surplus and profits amounting to $7.all 4636.66, preparédato depositors in full. The officers are: Dr. W. A. Holt, president; E... M. White, vice presidents Pall Rose, vice president; A. G. Smith, cashier. The directorate includes the foregoing and A. W. Synnor. Fred C. Griffin and J. J. Keegan. While no outside capital is identified with the banks now, it is understood that negotiations are pending for the injection of new capital from New York City. It is also understood that the same interests which are identified with the Miami Copper company will be affiliated with the Globe National. When the bank suspended last November, it had more than its legal reserve of 25 per cent of its deposits on hand and could have survived the financial panic if the depositors had refrained from the runs on it. which were caused by silly stories circulated about its alleged instablity. A month
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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.