Taos County Bank (Taos, NM)

Episode Information

Episode UID
7264578291272
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
726457829 hash
Start Date
December 15, 1905
Location
Taos, New Mexico (36.407, -105.573)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
32fa148477bdc7c4

Response Measures

None

Description

Articles request a receiver after proprietor Santistevan allegedly concealed large cash sums; closure inferred though not explicitly stated.

Events (2)
1. December 15, 1905 Receivership
Newspaper Excerpt
An investigation and a receiver of the Taos County bank are asked for.
Source
newspapers
2. December 15, 1905 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Proprietor Juan Santistevan allegedly converted assets to cash and concealed about $61,621; bank contributed no assets to liquidate debts.
Newspaper Excerpt
An investigation and a receiver of the Taos County bank are asked for.
Source
newspapers

Newspaper Articles (3)
1. December 16, 1905 Santa Fe New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe New Mexican, December 16, 1905

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Article Text

MANBY STARTLING ASSIGNEE REPORT In ke Juan Santistevan Estate submitted. NA DESCREPANCY OF $61,000 Ninety per Cent of Assets Realized Clear and Concise Statement. The report of A. R. Manby, on the administration of the estate of Juan Santistevan, assigned, was filed with the District Court yesterday (December 15th, 1905.) It contains some matter of quite startling import and of unusual interest to the creditors of the estate. Among other things it is reported that the assignor, Santistevan, shortly prior to the assignment, converted all his best assets into cash, in various specified ways; that the securities so realized on, together with the moneys deposited with the Taos County Bank, H of which Santistevan was the proprietor, reached a sum of $61,621.12, in cash, no part of which has ever been accounted for by Santistevan, and that said bank, a corporation organti ized under the laws of the Territory, p has contributed no assets to liquidate its debts. The inference is plainly tl made that Santistevan when he assignm ed had concealed and reserved about S sixty thousand dollars in cash, which u he withheld and still withholds from b his creditors. An investigation and a tl receiver of the Taos County Bank are asked for. e ti The report further shows that 90 per cent of the flat face of all assets p delivered to the assignee was realized C on and is on hand, being $16,405.04 in excess of the two-thirds realization as C N required by law: that the expense of converting the real estate, merchandise and book accounts, into cash, inn clusive of office expenses, clerk hire o and court costs, was only 10 per cent o of the cash realized. 0 An able statement as to how the ty sheep, which owing to the drought of or 1902 had become an apparently valueV less asset and menace to the estate, of were finally converted into a valuable ci net gain for the estate, is set forth. th The report consists of 32 pages, of F closely printed matter, includes a sumF of mary of all moneys received and disbursed by the assignee up to Novemsy ber 30, 1905, and is one of the most C complete, clear and business like Pi statements ever submitted to a court V and creditors, and Mr. Manby is enin titled to be complimented for its thorgi oughness. la

2. December 19, 1905 Albuquerque Evening Citizen Albuquerque, NM
Article from Albuquerque Evening Citizen, December 19, 1905

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Article Text

HE CONVERTED PROPERTY INTO CASH AND THEN JUAN SANTISTEVAN MADE ASSIGNMENT OF WHAT WAS LEFT TO HIS CREDITORS. The report of A. R. Manby, on the administration of the estate of Juan Santistevan, assigned, was filed with the district court at Santa Fe, last Friday. It contains some matters of quite startling import and of unusual interest to the creditors of the estate. Among other things it is reported that the assignor, Santistevan, shortly prior to the assignment, converted all his best assets into cash, in various specified ways: that the securities so realized on, together with the moneys deposited with the Taos County bank, of which Santistevan was the proprietor, reached a sum of $61,621.12, in cash, no part of which has ever been accounted for by Santistevan, and that said bank, or corporation, organized under the laws of the territory, has contributed no assets to liquidate its debts. The inference is plainly made that Santistevan when he assigned, had concealed and reserved about sixty thousand dollars in cash, which he withheld and still withholds from his creditors. An investigation and a receiver of the Taos County bank are asked for. The report further shows that 90 per cent of the flat face of all assets delivered to the assignee was realized on and is on hand, being $16,405.04 in excess of the two-thirds realization as required by law; that the expense of converting the real estate, merchandise and book accounts, into cash, inclusive of office\ expenses, clerk hire, and court costs, was only 10 per cent of the cash realized. An able statement as to how the sheep, which owing to the drought of 1902 had become an apparently valueless asset and menace to the estate, were finally converted into a valuable net of The gain report for the consists estate of is 32 set pages, forth. closely printed matter, includes a summary of all moneys received and disbursed by the assignee up to November 30, 1905, and is one of the most complete, clear and business like statements ever submitted to a court and creditors, and Mr. Manby is entitled to be complimented for its thoroughness.

3. December 23, 1905 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, December 23, 1905

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Article Text

# HE CONVERTED # PROPERTY INTO CASH AND THEN JUAN SANTISTEVAN MADE ASSIGNMENT OF WHAT WAS LEFT TO HIS CREDITORS. The report of A. R. Manby, on the administration of the estate of Juan Santistevan, assigned, was filed with the district court at Santa Fe, last Friday. It contains some matters of quite startling import and of unusuai interest to the creditors of the estate. Among other things it is reported that the assignor, Santistevan, shortly prior to the assignment, converted all his best assets into cash, in various specified ways; that the securities so realized on, together with the moneys deposited with the Taos County bank, of which Santistevan was the proprietor, reached a sum of $61,621.12, in cash, no part of which has ever been accounted for by Santistevan, and that said bank, or corporation, organized under the laws of the territory, has contributed no assets to liquidate its debts. The inference is plainly made that Santistevan when he assigned, had concealed and reserved about sixty thousand dollars in cash, which he withheld and still withholds from his creditors. An investigation and a receiver of the Taos County bank are asked for. The report further shows that 90 per cent of the flat face of all assets delivered to the assignee was realized on and is on hand, being $16,405.04 in excess of the two-thirds realization as required by law; that the expense of converting the real estate, merchandise and book accounts, into cash, inclusive of office expenses, clerk hire, and court costs, was only 10 per cent of the cash realized. An able statement as to how the sheep, which owing to the drought of 1902 had become an apparently vaine-less asset and menace to the estate, were finally converted into a valuable net gain for the estate is set forth. The report consists of 32 pages, of closely printed matter, includes a summary of all moneys received and disbursed by the assignee up to November 30, 1905, and is one of the most complete, clear and business like statements ever submitted to a court and creditors, and Mr. Manby is entitled to be complimented for its thoroughness.