Article Text
CALIFORNIA BANK FAILS San Francisco, Aug. 11.-State Superintendent of Banks Alden Anderson assumed control of the affairs of the bank of Paso Robles today. An impairment of the capital is assigned as the reason.
913. Bank of Paso Robles (Paso Robles, CA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- August 11, 1909
- Location
- Paso Robles, California (35.627, -120.691)
Metadata
- Model
- gpt-5-mini
- Short Digest
7790a276
Response Measures
None
Description
State Superintendent of Banks Alden Anderson assumed control of the Bank of Paso Robles on Aug 11, 1909 due to impairment of capital; action described as state takeover/closure (government intervention). No article mentions a depositor run prior to closure.
Events (2)
1.
August 11, 1909
Receivership
- Newspaper Excerpt
- State Superintendent of Banks Alden Anderson assumed control of the affairs of the Bank of Paso Robles today, appointing A. Pfister of Paso Robles deputy superintendent in charge. Impairment of capital is assigned as the reason for closing the bank.
- Source
- newspapers
2.
August 11, 1909
Suspension
- Cause
- Government Action
- Cause Details
- State Superintendent of Banks assumed control and closed the bank because of impairment of capital; a forged mortgage was noted among papers but superintendent said action not based on that document.
- Newspaper Excerpt
- State Superintendent of Banks Alden Anderson assumed control of the affairs of the Bank of Paso Robles today. Impairment of capital is assigned as the reason for closing the bank.
- Source
- newspapers
Newspaper Articles (3)
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Article Text
PASO ROBLES BANK IS TAKEN OVER BY THE STATE SAN FRANCISCO, Aug. 11.-State Superintendent of Banks Alden Anderson assumed control of the affairs of the Bank of Paso Robles today, appointing A. Pfister of Paso Robles deputy superintendent in charge. Impairment of capital is assigned as the reason for closing the bank. Anderson said that his action had no reference to the finding of a mortgage for $28,000, alleged to have been forged, among the papers of the bank: but that its affairs, outside of that particular document, were in such shape as to justify interference by the state.
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Article Text
EDITORIAL Pinchot's accusing finger points to Secretary Page 6 Ballinger. Page 6 A critic of direct primary. Will Calhoun take the witness stand? Page 6 A Chronicle insult to clubwomen. Page 6 Senator Perkins and the tariff law. Page 6 POLITICAL Businessmen will aid Tim Sullivan in his effort to control the republican county committee, Page 3 GRAFT Calhoun talesmen approve The Call's attitude in graft prosecution. Page 16 CITY National referee board comes to California to decide whether use of sulphur in curing fruits is injurious to health. Page 5 Superintendent Anderson closes bank of Paso Robles. Page 16 Pacific Mail steamship company's agent apologizes to Chinese merchants of Hongkong to prevent boycott. Page 16 John Landers appointed park commissioner to succeed J. C. Kirkpatrick. Page 4 Herbert Kaufman, noted magazine writer, sees return to soil in tour of western states. Page 5 Death of Judge W. T. Wallace, famous jurist of California, Page 16 SUBURBAN Oakland reopens the fight for the water front. Page 8 Mark Manchester, artist, arrested on serious charge at Berkeley, tries to bide his identity. Page 4 Prof. Robert Dupouey of Berkeley faculty overstays his leave of absence. Page 1 Director charges serious fraud in management of contracting corporation and sues for receivership. Page 9 Veteran of civil war complains that boodlums besiege him. Page S Daily Californian, university students' journal, to be eight page paper. Page 9 Oakland prepares elaborate program of entertainment for state realty men. Page 9 Berkeley art association plans for the erecPage 8 tion of gallery. Berkeley girl, arrested for battery, escapes from jail; escapades hastened her father's death. Page 9 Wife of rich saloon keeper wins absolute divorce in supreme court, with fortune. and costs. Page 9 Mrs. Sarah Jane Nichols weds foster son at Oakland to spite relatives in contest over her estate. Page 9 Woman earns but $6 a month and out of that pays $4 for rent. Page 8 Deputy constable accused by girl. Page 8 Oakland commissioner recommends vitrified brick for pavement improvements. Page 8 Alexander Mackie threatens "to take cover off" at meeting of Alameda chamber of commerce. Page S COAST Auto containing five prominent Stocktonians smashes into locomotive and all are injured. Page 5 Two young men accused of stealing an automobile. Page 8 Supply ship sails from Mare island for Guam. Page 8 Sacramento man traps wife's affinity in a barrel and then helps him out. Page 8 Mother. sister and aunt of Lieutenant Sutton see him in dream at same time when far apart and hear him tell of murder. Page 1 Secretary of the Interior Ballinger defends reclamation policy of government. Page 2 EASTERN Californians contest will of aged and eccentrie Boston spinster who left fortune of $40,000. Page 2 Seth Low may succeed Ambassador Reid at court of St. James. Page 2 Bernard N. Baker reports to President Taft plan to prevent discrimination in isthmus freight by granting postal contracts to independent ocean lines. Page 5 Heat thins ranks of G. A. R. parade and chilPage 8 dren in living fiag also suffer. Disastrous fire at Monticello, summer resort town of New York. Page 8 Surgeon illustrates wounds received by Lieutenant Sutton on skull and illustrates shooting in pantomime, declaring it was not suicide, Page 1 SPORTS Commodore Phillips' Monsoon wins 10 mile race off Santa Cruz. Page 11 Monte Attell puts Jimmy Reagan away with two right swings in fourth round. Page 10 Bob Douglass, driven by Lou McDonald of Boston, wins $5,000 Ohio stake. Page 11 Lew Powell will meet winner of HylandFrayne fight before Butte club. Page 10 Philadelphia Jack O'Brien will arrive from Los Angeles this evening. Page 10 Young Erne, unable to get into shape here, returns to his eastern home. Page 10 Jockey C. H. Shilling, star of California tracks last season, again rides for Thomas stable. Page 11 Detroit and Philadelphia each drop a game to tail end clubs. Page 10 Races of California breeders' association begin at Pleasanton under ideal conditions. Page 11 Jack Johnson signs articles to fight James J. Jeffries within eight months. Page 10 MARINE Navy auxiliary steamer Supply sails for Guam to relieve Concord as station ship. Page 15 VACAVILLE MAN LOST ON TOP OF MT. SHASTA