718. First National Bank (Tombstone, AZ)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6439
Charter Number
6439
Start Date
October 3, 1908
Location
Tombstone, Arizona (31.713, -110.068)

Metadata

Model
gpt-5-mini
Short Digest
00a3a224

Response Measures

None

Receivership Details

Date receivership started
1921-08-25
OCC cause of failure
Fraud

Description

Newspaper items indicate the First National Bank (Tombstone) was defunct and in receivership (Receiver T. N. Lakin) by Oct 1908; no articles describe a depositor run. 1909 article reports receiver instructed to levy 100% assessment on stockholders and to close up affairs and that trials of cashier and president would be called, suggesting bank-specific adverse problems and permanent closure/receivership.

Events (6)

1. September 25, 1902 Chartered
Source
historical_nic
2. October 3, 1908 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank described as 'defunct' with later mention of trials of cashier and president, indicating internal malpractices or insolvency rather than rumor or broader contagion.
Newspaper Excerpt
Receiver T. N. Lakin of the defunct First National bank was in the county seat yesterday straightening up matters...
Source
newspapers
3. March 22, 1909 Receivership
Newspaper Excerpt
Receiver T. N. Lakin of the First National bank has received instructions ... to levy an assessment of 100 per cent on the stockholders of the First National bank and to proceed with all reasonable haste to close up the affairs of that unfortunate institution. The trial of the cashier and president will probably be called at Tombstone during this present session of the district court. - Arizona Republican, 1909-03-22
Source
newspapers
4. August 25, 1921 Receivership
Source
historical_nic
5. November 12, 1921 Restored To Solvency
Source
historical_nic
6. May 21, 1926 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (5)

Article from Bisbee Daily Review, October 3, 1908

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Article Text

LAKIN TO TOMBSTONE. Receiver T. N. Lakin of the defunct First National bank was in the county seat yesterday straightening up matters with reference to the safe recently sold the country, which was damaged in transmission from Bisbee to Tombstone.


Article from Arizona Republican, March 22, 1909

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Article Text

MESA DEPARTMENT state that the town is at present filled with men seeking employment HUNG UP IN TRANSIT who are out of money and are forced to rely on charity. They are unanimous in advising every one to stay B away from the place who has not he Mesa City News Budget Marooned sufficient money to pay for a living Mrs. in a Baggage Room. at the high rates usually prevailing in a new camp. As soon as the railroads are completed, the mines will begin shipping ore, and then there The absence of the Mesa News in may be employment for more perhis morning's paper is due to the sons, but at the present time there act that the train bearing it met with Me are many more men than can be elays and was not brought into Phoeused by the companies now operatix until a late hour, the mail being ing there. en locked up in the depot until it At a meeting of the city council as too late for distribution last last night, the city engineer was Cha ight. given orders to instruct the contracdoo tors in charge of the construction of the new subway to build a larger I opening in the same near the El Paso cial and Southwestern depot. This matter HE BUDGET FROM BISBEE was up in the council some weeks ago on a petition signed by business All men and residents of the Brewery (Continued from Page One) Gulch section, but no definite action was taken at that time. The council also made final decision in the over two hundred and fifty feet, matter of the route of the street car lime and iron, with some copper railroad tracks up Tombstone canainsi showing at frequent intervals. BO yon. Commencing at the Warren he new electric hoist is in place laundry, the track will pass on the d three shifts of men will be used south side of the residences which continuing the shaft to a greater are built in the canyon, and not folepth. Power is furnished with an A low the regular road, as formerly ghty horsepower motor. planned. Thus is settled one of the The Shattuck-Arizona company is perplexing questions which has been gain shipping ore to the Copper before the council for some weeks. ueen smelter at Douglas. These Receiver T. N. Lakin of the First hipments will only be continued for National bank has received instrucfew days in order to clean out the tions from the authorities at Washe that has accumulated in the ington to levy an assessment of ifts and bins during the process of 100 per cent on the stockholders of evelopment work. The recent ore the First National bank and to prorike, while not thoroughly explored, ceed with all reasonable haste to ves promise of opening up one of close up the affairs of that unfore largest bodies of oxide ore in the tunate institution. The trial of the strict. cashier and president will probably Parties returning from Courtland be called at Tombstone during this present session of the district court.


Article from Bisbee Daily Review, May 6, 1909

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CITY LOCAL AND SOCIAL NEWS FOREMAN TO CANADA PERSONAL MENTION IMPROVING BROADWAY S. S. Johnson, who sas meen foreMayor George Neale went to TombThe city has been cleaning up the man of the Hoatson and Junction stone yesterday on business. narrow trail leading from Brewery shafts for the C. & A. people for some Receiver T. N. Lakin of the First Gulch to the rear of the centra time, left yesterday for Canada, National bank came in yesterday school house, ironically called "Broad where he has accepted a position as from- Tombstone, where he was called foreman in the Cobron district. Mrs. way" by the residents of the city as a witness. Johnson and the children will follow For many months the trail has beer Deputy United States Marshal in about thirty days. Johnson is a blocked with hundreds of stones and Johnny Foster came. in yesterday afyoung man who has lived in the disternoon from Tombstone. ill lighted. The relief afforded by triet above eight years. He and his Assistant District Attorney Ed Flanthe change is a pleasant surprise to wife have many friends in Bisbee, nigan returned yesterday from the the hundreds who have occasion to whose good wishes go with them to county seat. pass that way. their ne. home. Jesse Yoakum is at home from a MEXICAN FINED. business trip to the Smelter City. GOT HIS HAIR BACK Attorney W. K. Flora 1eft yesterday Justice High yesterday assessed for Cananea. Was Perfectly Bald When He Started fine of 6 against a Mexican who ha United States Marshal Ben Daniels to Use Newbro's Herpicide been too vigorous in the celebration passed through Bisbee yesterday on of Cinco de Mayo. The prisoner wa Frederick Mannell, Maryland block, unable to produce sufficient dinero t his way to Tombstone. Butte, Montana. bought a bottle of pay the fine, and will spend six day Attorney E. G. Strickler was a pasin jail. Newbro's Herpicide, April 6, '99, and senger to Tombstone yesterday morno began to use it for entre baldness. ing. BIG CITY PAY ROLL The hair olleles in hs scalp were not W. S. Lanford left yesterday morndead and n 20 days he had hair all As soon as the water works systen ing for Cananea on business connectover his head. On July 2 he writes: of the city is under way, the cit ed with the Industrial Home Circle. "And today my hair is as thick and will have in its employ regularly fron luxuriant as any one could wish." S. S. Badger of the Bisbee-Sonora 300 to 500 men. This will mean Newbro's Herpicide works on an old Development company left yesterday about $1000 a day paid them in principie-destroy the cause and you for Douglas after a two days' visit wages, a large part of which will be remove the effect. Herpicide destroys to the city. spent with the business men. the germ that causes dandruff, falling 0 Joseph McKeehan and A. B. Cumhair and finally baldness, SO that with ELKS TO CANANEA. mings left yesterday morning for the cause gone the effect cannot reCananea. main. Stops alling hair at once and Jos. M. McKeehan, secretary of the


Article from Bisbee Daily Review, May 11, 1909

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PERSONAL MENTION Attorney Frank Doan of Douglas was in Bisbee yesterday. Officer Henry Hall was a passenger to Tombstone yesterday. J. F. Barker of Tucson spent yesterday in Bisbee on mining business. Hugh Dugan, formerly of Bisbee but now on the Cananea ball team, is here on a visit. E. H. Morrison of Los Angeles, representing the Pacific Coast underwriters, is in the city. John Walker, official court reporter for Judge Doan, was a visitor with friends in Bisbee on Sunday. Mr. and Mrs. G. J. McCabe returned to their home in the Huachuca mountains yesterday after a short visit in the city. Walter Collin and Harry Hanscom left for Tombstone yesterday to appear as witnesses before the district court. Mr. and Mrs. Ed Meyers spent Sunday at the Cobb ranch in the San Pedro valley. City Engineer McNeish is a business vistor at Douglas. Mr. and Mrs. Dixon were maong the Douglas passengers last evening. Joe McKeehan, secretary of the Elks, has gone over to Tucson on business for a few days. H. M. Jacobs returned to Tombstone, where he is serving on the grand jury. Martin Costello of Tombstone was in Bisbee yesterday on business. Waliie Schwartz left yeeserday for Tombstone to resume his duties on on the grand jury. Receiver T. N. Lakin of the First National bank was a passenger to Tombstone yesterday morning. A. F. Stumpf, the insurance man, came in yesterday morning from the county seat. H. A. Hamilton of El Paso was in Bisbee yesterday on business. Mr. and Mrs. F. J. illiams of El Paso are visiting in the city. W. S. Lanford has returned from a trip to Cananea. Attorney John Ross of Bisbee was in Tombstone yesterday on legal business. Attorney J. E. Morrison left for Douglas last evening to deliver an address at the annual dinner of the Douglas Chamber of Commerce and Mines. Collector of Customs, Con O'Keiff, passed through to Douglas last evening to attend the Chamber of Commerce banquet. Mr. and Mrs. Smiters of Cos, Sonora, passed through last evening to Deuglas from the coast. Editor White of the Cochise Courty Press passed through to Douglas last evening. Attorney J. F. Ross passed through to Douglas last night. John Ryan, the bridge constructor of the Southwestern was in Bisbee yesterday returning to Douglas on the evening train. Mr. and Mrs. F. B. Wilson returned to Douglas last evening after a short stay in Bisbee.


Article from Bisbee Daily Review, May 28, 1909

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CITY LOCAL AND SOCIAL NEWS MORMAN PREACHERS LEAVE FOR PERSONAL MENTION TRANSFERRED FROM LOWELL TO DOUGLAS. BISBEE. Miss Joan Smith returned this The Mormon ministers, who ha morning from Emporia, Kas., where Mr. M. L. Butler, who has been she had been in attendance at her employed in the accounting departbeen in the city for the past few da father's funeral. ment of the Copper Queen store at holding conference with the membe Lowell for a number of years has Among the persons returning from of that sect, and seeking new ec been transferred to the same departTombstone, where they have been verts to their faith, left this evenir ment of the store at Bisbee. in various capacities on court busifor Douglas where they will condt ness were Fred Sutter and wife, T. DANCE AT UPPER N. Lakin and wife, J. M. O'Connell, a similar conference. LOWELL CLUB HOUSE Will Gray and E. Marks. J. N. Ruth left yesterday for DougNEWS FROM RUTH FAMILY. las on business. Regular Friday night dance, comL. R. Ruth and family who mencing 8:30 p. m. finishing in time J. W. Ross left last night for Tombed from this city to Riverside, Cal stone. to catch the 11:30 car for Bisbee. some days ago have written frien First class music. Best floor in town. Frank Graf and Dr. L. C. Gonzales here announcing their safe arriv 926 Come. returned yesterday from a trip to Mr. Ruth has accepted a remunerati Phoenix and Prescott. position with one of the large eo A. W. Newkirk has returned from a Venice villas make ideal summer panies of that place and is well pie trip to California. homes. They are cheap, cheerful, ed with his situation. Mrs. Leo McDowell, wife of Encharming and comfortable. Completgineer McDowell, is in the Copper ly furnished, including lights, water. RESIDENCE ABOUT COMPLETE Queea hospital. house-laundry, etc. Located on beauMiss Critchley of the local postoftiful canals. Perfectly sanitary. The handsome three story ceme fice force, has returned from Tombstone house being erected by Rev. J. CHILDREN'S DAY TO BE Dr. C. L. Edmundson of the C. & Kanarr on Clawson h'll is rapid OBSERVED nearing completion and the working A. hospital, was in Douglas yesterday on business. are engaged at the present time The Sunday Schools of the various Miss Joanna Smith returned yesterputting on the outside coat of color churches of the city are actively at cement which makes the building ta day from a isit. to relatives in Kanwork training the children for the sas. on an attractive appearance. T program which is to be given on June M. M. King. manager of the Orbuilding is divided into six apartmen 13th, which day has been set apart by pheum went to Tombstone yesterday the international Sunday school assoon business. ATTENTION VETERANS. clation to be observed as Children's Miss Hortense Rodenberg. who has day. This day is the greatest event been the guest of Mrs. C. E. BuchAll the veterans of the Civil a of the entire year to the pupils of the ner, left yesterday afternoon for her Spanish-American wars are request Sunday schools and is looked forward home in Leavenworth, Kas. to with a great deal of interest. to report promptly at the city hall Attorney George Neale returned 9:30 Monday morning. Any vetera from Tombstone last night. unable to walk in the parade will FRESH CUT FLOWERS Rev. Richard Bolt, of Nogales, is furnished conveyance without cost the guest of his brother here, Rev. they will notify C. E. Garlick at 1 Carnations, roses, sweet peas, cape Bolt of the Episcopal church. C. Q. Library or W. B. Fenderson jassemine. Get your Memorial Day Receiver T. N. Lakin, of the First the city hall. orders in early. Free delivery. New National Bank, left for Tombstone J. J. McCULLOUGH President comb Floral Co., with Ball & Bledsoe, yesterday afternoon. druggists. Phone 307. Deputy Sheriff Bill White returned NOTICE TO CREDITORS. 0 yesterday afternoon from a trip to the ARNOLD LEAVES FOR COURT. county seat. Estate of Eulalia Lauterbach, I E. E. Ellis of Los Angeles, who ceased. George A. Arnold who has been has been in the city several weeks, Notice is hereby given by the u in charge of 'the Calumet & Arizona left yesterday afternoon for his home. dersigned, the administrator of the properties at Mammoth, Arizona, for Attorney J. M. O'Connell returned tate of Eulalia Lauterbach decease some months and who has been in yesterday morning from Tombstone. to the creditors of and all perso the city for the past week, left yes. Deputy Sheriff Harry Wheeler came having claims against the said < terday to assume a position in conin yesterday morning from Tombceased, to exhibit them, with the DE stone. nection with the C. & A. company at essary vouchers, within four mont Courtland. H. N. Reno, president of the Copafter the first publication of this I 0 per City Brewery, returned to Dougtice to the said administrator, at t las yesterday morning after a short Dues in Cochise Building & Loan Abr office of E. G. Strickler, attorney business trip to Bisbee. sociation may be paid to J. P. Conlaw, in the city of Bisbee, the sar Miss M. Madigan of the local postnelly at Bank of Bisbee. Applications being the place for the transaction office force, will leave today for Los for loans should be in before the 8th business of said estate, in said coun Angeles, where she will spend her of June. of Cochise. vacation. COCHISE BUILDING & LOAN ASS'N J. M. JOHNSON.