95-0033
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New Mexico Banks Are Taken Over By State Examiner
(By Associated Press Leased Wire) SANTA FE, N. M., Jan. 28. — The state bank examiner's office has been asked to take charge of the Bank of Tyrone, at Tyrone, N. M., and the Silver City Savings Bank at Silver City, closed by order of the directors, according to a wire to the examiner's office.
The bank of Tyrone with a capital of $50,000 and surplus of
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$15,000 had $83,210 demand deposits and $14,350 time; the Silver City Savings had $423,752 deposits. Its capital was $25,000 and there was $15,000 in its surplus fund.
The officers were: Bank of Tyrone, W. D. Murray, president; H. A. Martin, vice president; J. C. Epromson, cashier.
SILVER CITY, N. M., Jan. 28.—Three banks closed their doors in Silver City this morning within a half an hour of each other, and a fourth bank in county, the Bank of Tyrone, closed soon thereafter.
This leaves Grant county, richest in the state in assessments, without a bank
The three Silver City banks which closed today were the Silver City National Bank, the American National Bank and the Silver City Savings Bank.
The latter was a subsidiary institution of the Silver City National. The Tyrone bank was closely affiliated with the Silver City National. The closing of the Silver City National was caused by heavy demands for funds on deposit.
Similar demands were made upon the American National.
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Silver City, N. M., Jan. 29.—The Silver City National, the Silver City Savings bank and the American National bank here closed yesterday and the state bank examiner was asked to take charge of the Bank of Tyrone.
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DOORS OF FOUR BANKS IN NEW MEXICO CLOSE
Silver City, N. M., Jan. 28.—Three banks closed their doors in Silver City this morning within half an hour of each other, and a fourth bank in the county, the Bank of Tyrone, closed soon thereafter.
This leaves Grant county, richest in the state in assessments, without a bank.
The three Silver City banks which closed today were the Silver City National bank, the American National bank and the Silver City Savings bank.
Huron, S. D., Jan. 28.—The First National bank here failed to open its doors today, national bank officials having found that the runs made on the bank in the last few days had depleted its cash reserve. George Wright is president of the bank.
The coal consumption of the United States annually approximates 600,000,000 tons.
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Huron, S. D., Jan. 28.—The First National bank here failed to open its doors this morning, national bank officials having found that the runs made on the bank in the last few days had depleted its cash reserve. It is the oldest bank in the city and one of the oldest in the state. A recent statement showed deposits of $1,500,000. Reorganization will be worked out.
Mitchell, S. D., Jan. 28.—The agricultural commission of the American Bankers' association has called a meeting for tomorrow at Brookings to develop some plan whereby the bankers of the state can assist the farmers in their economic plight.
Four Banks Close Doors.
Silver City, N. M., Jan. 28.—The Silver City National bank, the American National bank, and the Silver City Savings bank closed their doors here today. Shortly afterwards the Bank of Tyrone, at Tyrone, N. M., closely affiliated with the Silver City National, closed its doors.
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THREE BANKS CLOSE DOORS ALL ARE IN NEW MEXICO
SILVER CITY, N. M., Jan. 29—The Silver City National, the Silver City Savings bank and the American National bank were closed yesterday and the state bank examiner was asked to take charge of the Bank of Tyrone. The institutions, all in Grant county, had combined liabilities estimated at $3,000,000 according to their statements of December 31. Recent large withdrawals, it was said, resulted in the decision to close.
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Four Banks Close Doors in New Mexico Towns
SILVER CITY, N. M., Jan. 28.—The Silver City National bank, the American National bank and the Silver City Savings bank closed their doors here today. Shortly afterward, the Bank of Tyrone at Tyrone, N. M., closely affiliated with the Silver City National, closed its doors. Heavy demand for cash by a large depositor caused the closing of the first two named institutions, it was announced.
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Three Located in Same Town—Four of Them National Banks.
SILVER CITY, N. M., Jan. 28.—Three banks in Silver City closed their doors today. They were the Silver City National, the Silver City Savings bank and the American National bank. Soon after the close of the banks the state bank examiner was asked to take charge of the Bank of Tyrone. The institutions, all in Grant county, had combined liabilities estimated at $3,000,000, according to the statements of December 31. Recent large withdrawals of cash deposits, it was said, resulted in the decision to close. Grant county tonight was without a bank.
Wyoming Bank Quits.
CASPER, Wyo., Jan. 28.—The First National bank of Lusk, Wyo., closed its doors Saturday morning, depleted reserves being given as the reason for the action. This is the third bank to close in Lusk in the last three years, leaving Lusk and Niobra county without a banking institution.
National Bank Closes.
HURON, S. D., The First National bank here failed to open its door today, national bank officials having found that the runs made on the bank in the last few days had depleted its cash reserve. George Wright is president of the bank.
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EVERY ACTIVE BANK IN ONE COUNTY CLOSES
Three Concerns In City Shut Doors On Same Day
By the Associated Press
SILVER CITY, N. M., Jan. 28.—Three banks in Silver City closed their doors today. They were the Silver City National, the Silver City Savings bank and the American National bank. Soon after the close of the local banks, the state bank examiner was asked to take charge of the Bank of Tyrone. The institutions, all in Grant county, had combined liabilities estimated at $3,000,000, according to their statements of December 31, last. Recent large withdrawals of cash deposits, it was said, resulted in the decision to close. Grant county tonight was without an active bank.
Two Arrested In Defunct Bank Case
LOS ANGELES, Jan. 28.—Knute Hustad and Logan Fowell, said to have been president and cashier, respectively, of a defunct bank of Harlowton, Montana, today were arrested on Harlowton advices charging grand larceny. Both men are being held without bail in the county jail.
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Another Bank in South Dakota Closes its Doors
HURON, So. Dak., Jan. 29.—The First National Bank has closed its doors due to a heavy run.
SILVER CITY, N. M., Jan. 29.—The Silver City National Bank, American Bank, and Silver City Savings Bank, also the Bank of Tyron, at Tyron, affiliated with the Silver City National, have all closed.
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SANTA FE, N. M., April 21.—Judge R. R. Ryan of Silver City has appointed State Bank Examiner L. B. Gregg as receiver of the Silver City Savings bank, which closed some months ago.
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SANTA FE, N. M., August 5.—State Bank Examiner L. B. Gregg has resigned as receiver of the Silver City Savings bank and G. W. Hay has been appointed in his place. Turning over the bank to his successor, Mr. Gregg made a detailed report of his receivership, showing the receiver will be in a position to pay a dividend of 10 per cent to the creditors as soon as the date expires for the filing of claims. The bank closed January 28, this year.