888. Bank of San Diego (San Diego, CA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
November 1, 1891*
Location
San Diego, California (32.715, -117.157)

Metadata

Model
gpt-5-mini
Short Digest
d66f38151fb4c7e0

Response Measures

None

Description

Newspapers report the Bank at San Diego failed/closed in fall 1891 and that J. W. Collins (president) committed suicide; he was to be tried for embezzling $200,000. OCR errors corrected (San Delgo -> San Diego). No article describes a depositor run; failure appears driven by alleged embezzlement/bank-specific adverse information, with permanent closure/receiver context (Cheyenne bank receiver also mentioned).

Events (1)

1. November 1, 1891* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed in fall 1891 amid allegations of embezzlement by president J. W. Collins; referenced impending trial for embezzling $200,000 and Collins's subsequent suicide.
Newspaper Excerpt
When his bank at San Deigo failed last fall... Collins was soon to have been tried on the charge of embezzling $200,000.
Source
newspapers

Newspaper Articles (3)

Article from The Lamar Register, November 21, 1891

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NOTES. WESTERN NEWS in Venver meeting was the held movement cabbage Deto on for the large 10th in to northern support potato Colorado. and troit a park apple, ever known. bushels day. crop Michigan shippers is average 4,500 Dick Joy near Hutching and in the Brush Mexmine were William blown to atoms Kingston, Now squabble Heap ico. on Pueblo the 12th. postoportions site that has has 3-Governor The grown retained to Foraker as such counsel of by one of the been factions. & R. G. one road and announces one-third golden The D. rate of Kendall's Dec. until Tickets to Dec. 4. round jubilee fare to trip at St. Archbishop return Louis, will Nov. be 29 good to at variety actor H. Grass, fatally a stabbed by a John was Maggie Montgomery, with her, jealous Durangwoman. He had lived and marry on the 16th. to discard her another but intended woman. Singer went Robinson to Leadville to buy Fred other L. day from implements. He met girl some the mining Ralaizak, a very sight, pretty proFrances in love at first accepted. and of 17, matrimony. fell was Justice Lynch on posed in less than them two and hours the couple where were Singer married their way considerable to Robinson, Salt property. Lake has handed owns at declares the down Judge a Zane decision the gardo which house, and the a his- half tithing torian's interest office, office. to in the valuable church United farm States. coal this land decision. When escheated read asked for Zane defense upon counsel Judge for had the which to determine granted. thirty days in which was 28@25c; the Denver next step. Markets. creamery Eggs $13@$14. 28C 35;dairy secButter-Jersey upland alfalfa $8.00: 22c; ond Hay bottom $1.30 _new $8@$9; a 100 tbs: Oats- 60c @ 65c $2.30 $1.05 @$1.12; Wheat- New Cattle potatoes choice cows steers $1.75@ .00; 12$7. a 100 tbs: good to feeders. choice Sheep- $2.15; $2.00. Hogs- choice native $3 85@ shorn 25@$2.50. $3.25@$3 choice muttons and feeders Bank closed common The Cheyenne 13th. National It was due Cal- to its doors on with the the suspended John W. connection Bank of San Diego. of both instituifornia Collins being president examination peared of the tions. the After bank's an condition $395,000; cash on books follows: Loans, eastern exchanges, There $35,000; $45,000, as or cash a total in of $475,000. and other were banks careto depositors securieties and $318,000. was due over The by weeded the directors, out everyfully gone them they in their judgment showed thing from which was not This and bank to absolutely gilt-edn gs7,000 have over all its ditch above the Work on the liabilities. State Three gangs is of pro- men 140 in all- are the tunnel, too gressing west side nicely. of now handle, employed being but the on the is very hard to hard enough to hard to The second when rock shoot well. pick and about not Monday, tunnel be incommenced will probably be force will be creased. the working This tunnel long, and it is between the so ar300 400 feet to will tention and it of that the the management work the may weather be keptup By range tunnel when working. in not the the permit greater of outside part ditch of the is on the slow west and is far work of the and when this the hard of the hogbacks, end of side eastern rapidly.ditch completed will the be built very Canon City Record Board, cashier of the Bank, susGeorge L. National himcommitted pendea through Cheyenne suicide the head by 30 on shooting years the morning old and self 16th. He was York, Pennwent to bank life. sylvania. of the Cheyenne The discovered from examiner no reason says The he why has Beard as yet of should the bank take ruined his estate Beard is suspension His personal worth about morbid over financially. he grew 30,000. in It his is own possible troubles mind, that magnified over he was character, as which personal he peculiarly sensitive and would that, show rehis that development no sense crimalizing which, while in necesthings would make explanation rise to unpleasant rumors sary inal, and perhaps & regarding give himself, he shot himself. Two Pennsylvania experts a careful have exam- just reached Meeker coal after lands down in they the ination of the They said that seen few indications Rangely had section. coal more oil promising one fields, place than or better there. At oil found a and clearing those they existing spring upon it which out slime they was floating. black oily it and discovered where from. a This they long lighted as was flowing burned brilliantly They as claim to stayed there. capital, and represent they that after considerable their but report more is system- made, state is no question lands into there to turn these will be atic efforts and paying ones and the lay producing The ground itself basin at made. which is a broad coal beds, is of country, known existing of coal the favorable base of to the existence


Article from The State Herald, March 11, 1892

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NEWS ITEMS FROM FAR AND NEAR. Western News Notes. John R. Demler has been appointed superIntendent of the New Mexico penitentiary. The Midland railroad company has begun a preliminary survey for a branch to Cripple Creek. Many officials in Colorado who formerly had a fat office now find that under the new fee law they have a very lean job. An irrigation convention is to be held at Las Vegas on the 16th of March. The Santa Fe and other roads sell round-trip tickets for one fare. The receiver of the Cheyenne National bank has been directed by the comptroller of the treasury to pay a dividend of twenty-five per cent. Archbishop Salpointe of Santa Fc has issued a circular in which he severely criticizes the practices of the order known as the "Penitentes." It is declared that the Union Pacific officials are seriously considering the advisability of moving their sl ops from Omaha to Denver in consequence of the hostile attitude of the Omaha city government. J. W. Collins, who, for a long time was engaged in the banking business at Cheyenne, committed suicide at San Delgo, California, on the 3rd. When his bank at San Deigo failed last fall, the Cheyenne National Bank, in which he was interested also closed its doors and its cashier, George L. Baird, committed suicide. Collins was soon to have been tried on the charge of embezzling $200,000. Senator Carey has been authorized by the committee on territories to make a favorable report upon the bill providing a code oflaws 8 for the Yellowstone National Park. At present the park is a resort for criminals who are safe from arrest in the park. The present y bill provides a remedy for this evil, and Mr. f Carey is very hopeful that it will become a law. t Denver Markets-Eggs, ranch 18c, state y 16c; butter, best creamery 27@33c, dairy 20c; hay, upland baled 811@$12. second bottom $8@$9, alfalfa 87.50; wheat $1.35; corn, bulk 68c, sacked 73c; oats, $1.08, sacked $1.15; potatoes 50@60c; cattle, choice steers $2.80@ 1 $3.65, cows $1.90@$2.65, native feeders 81.90 @$2.65; hogs, choice $4.00@4.75; sheep, b choice shorn $4.00@$4.50, common and feeders $2.50@$3.00. The board of county commissioners at Santa Fe has refunded $150,000 of that county issued in aid of the Texas, Santa Fc & Northern 1 railroad from Espanola to Santa Fe from 6 per cent. to 5 per cent. bonds. The road will be extended during the spring from Santa Fe b to San Pedro and through one of the richest coal and mineral sections in the Southwest. / The* contractors are to take these bonds in e part payment for construction work. It is 0 expected that work will begin May 1. a There has been some speculation at Salt 1 Lake as to how the company of Indian solo diers, brought there from the Rosebud agency In South Dakota, two months ago, would con3 duct themselves when they were paid off. It was expected that a large part of their wages would be spent for whiskey and what remained would be invested in trinkets dear to poor Lo's soul. These expectations have not been realized. The Indians were paid for the o first time on the 5th, receiving two months' r pay. The next day they sent more than twothirds of the money they received either by express or money order to relatives and friends in Dakota, and not one drunken Indian soldier has been seen either to-day or at any time since they arrived here. e


Article from The Lamar Register, March 12, 1892

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NEWS ITEMS FROM FAR AND NEAR. Western News Notes. Fire in a Pueblo livery stable on the 8th destroyed twenty horses. a John Smith has been fined $50 for killing Rocky Mountain sheep near Montrose. John R. Demier has been appointed supere intendent of the New Mexico penitentlary. The Midland rallroad company has begun a e preliminary survey for a branch to Cripple 0 Creek. a Many officials in Colorado who formerly g had a fat office now find that under the new fee law they have a very lean job. y convention is to Las 1 An irrigation The be held Santa at Vegas on the 16th of March. Fe and other roads sell round-trip tickets for one fare. d The receiver of the Cheyenne National bank has been directed by the comptroller of the treasury to pay a dividend of twenty-five per cent. 0 a Archbishop Salpointe of Santa Fe has issued a circular in which he severely criticizes the practices of the order known as the 3 "Penitentes." A Creede train was wrecked the other day near Del Norte, and several passengers were to injured. A car was ditched by a broken rail, 0 and caught fire but the fire was put out. Miss Sarah Levier of Coal Creek, while apparently deranged, got up the other night and E strayed away into the hills where she was C found after a time utterly exhausted but y otherwise unharmed. It is declared that the Union Pacific officials are seriously considering the advisability of e moving their shops from Omaha to Denver in consequence of the hostile attitude of the Omaha city government. e The Senate has passed bills to pay to R. M. Hubbard, Longmont; H. A. W. Tabor, Leadville, B. E. Rockafellow, Canon City, and C W. M. Kittleby, various sums expended by g them while postmasters at these places. J. W. Collins, who, for a long time was enb gaged in the banking business at Cheyenne, d committed suicide at San Deigo, California, on the 3rd. When his bank at San Delgo is failed last fall, the Cheyenne National Bank, in which he was interested also closed its b doors and its cashier, George L. Baird, committed suicide. Collins was soon to have been tried on the charge of embezzling $200,000. C Senator Carey has been authorized by the committee on territories to make a favorable y report upon the bill providing a code of laws 1 for the Yellowstone National Park. At pres1 ent the park is a resort for criminals who are 1 safe from arrest in the park. The present bill provides a remedy for this evil, and Mr. Carey is very hopeful that it will become a law. Denver Markets-Eggs, ranch 18c, state 16c; butter, best creamery 27@33e, dairy 20c: 0 hay, upland baled $11@$12. second bottom $8@$9, alfalfa $7.50; wheat $1.35; corn, bulk 68c, sacked 73c; oats, $1.08, sacked $1.15: potatoes 50@60c; cattle, choice steers $2.80@ $3.65. cows $1.90@$2.65, native feeders $1.90 @$2.65; hogs, choice $4.60@4.75; sheep, choice shorn $4.00@$4.50, common and feedd ers $2.50@$3.00. C The board of county commissioners at Santa E Fe has refunded $150,000 of that county issued in aid of the Texas, Santa Fe & Northern y railroad from Espanola to Santa Fe from 6 N per cent. to 5 per cent. bonds. The road will , be extended during the spring from Santa Fe to E San Pedro and through one of the richest I coal and mineral sections in the Southwest. 1 The contractors are to take these bonds in part payment for construction work. It is . expected that work will begin May 1. C There has been some speculation at Salt . Lake as to how the company of Indian sol0 diers, brought there from the Rosebud agency it in South Dakota, two months ago, would conduet themselves when they were paid off. It II was expected that a large part of their wages e. would be spent for whiskey and what reof mained would be invested in trinkets dear to poor Lo's soul. These expectations have not been realized. The Indians were paid for the 1, first time on the 5th, receiving two months' 1. pay. The next day they sent more than twoLI thirds of the money they received either by express or money order to relatives and friends in Dakota, and not one drunken Indian solis dier has been seen either to-day or at any time since they arrived here. n