Hudson & Co. - Tucson, AZ

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 16, 1889
Location: Tucson, Arizona (32.222, -110.926)

Metadata

Model: gpt-5-mini
Short Digest: 522c28f8

Response Measures

None

Description

The article (dated 1889-09-19) reports indictments against T. L. Stiles, assignee of the suspended bank Hudson & Co., for embezzlement of the bank's assets. This indicates the bank had suspended and an assignee/receiver was in place due to bank-specific malfeasance; no run is mentioned. I infer 'private' from the firm-style name 'Hudson & Co.'

Events (3)

1. September 16, 1889 Other

Newspaper Excerpt: T. L. Stiles, assignee of the suspended bank of Hudson & Co. The charge is the embezzlement of large sums of money of the assets.
Source: newspapers

2. September 16, 1889 Receivership

Newspaper Excerpt: T. L. Stiles, assignee of the suspended bank of Hudson & Co.
Source: newspapers

3. September 16, 1889 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Indictments against T. L. Stiles, assignee, for embezzlement of large sums of the bank's assets.
Newspaper Excerpt: the suspended bank of Hudson & Co.
Source: newspapers

Newspaper Articles (1)

1. September 19, 1889 The Yakima Herald Yakima, WA

Article from The Yakima Herald, September 19, 1889

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Article Text

A DESPATCH from Tucson, Arizona, dated September 16, says that "the grand jury has completed its labors, finding 19 indictments, four of which it is stated, were against T. L. Stiles, assignee of the suspended bank of Hudson & Co. The charge is the embezzlement of large sums of money of the assets. Stiles is now in Washington territory, where he is reported to be a candidate for the supreme bench." Mr. Stiles is one of the republican nominees for justice of the supreme court, and resides in Tacoma.