J. National Broyles (San Marcial, NM)

Episode Information

Episode UID
9512325191300
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
951232519 hash
Start Date
April 1, 1908*
Location
San Marcial, New Mexico (33.700, -106.987)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
94b3c51e965bb68e

Response Measures

None

Events (3)
1. April 1, 1908* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bankruptcy following alleged embezzlement and obtaining money under false pretenses; financial failure in April 1908.
Newspaper Excerpt
Broyles failed in April, 1908, and his business interests went into the hands of a receiver.
Source
newspapers
2. June 13, 1908 Receivership
Newspaper Excerpt
J. N. Broyles ... was indicted ... Mr. Broyles has gone into bankruptcy. Attorney W. E. Kelley ... appointed referee and Franz Schmidt will remain temporary receiver until June 29 ... all Mr. Broyles' creditors will meet and elect a trustee.
Source
newspapers
3. November 8, 1909 Other
Newspaper Excerpt
Verdict in favor of defendants ... the case was an aftermath of the financial failure of Jasper N. Broyles ... Broyles failed in April, 1908, and his business interests went into the hands of a receiver.
Source
newspapers

Newspaper Articles (2)
1. June 13, 1908 The Socorro Chieftain Socorro, NM
Article from The Socorro Chieftain, June 13, 1908

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Article Text

THE J. N. BROYLES BANKRUPTCY Att'y W. E. Kelley Appointed Referee Creditors Meet June 29 toElect Trustee. J. N. Broyles, the San Marcial banker and merchant, was indicted by the grand jury last week on charges of embezzlementand obtaining money under false pretense. Mr. Broyles has gone into bankruptcy. Attorney W. E. Kelley of this city has been appointed referee and Franz Schmidt will remain temporary receiver until June 29 when all Mr. Broyles' creditors will meet and elect a trustee. Attorney Elfego Baca and Judge Loughary of Albuquerque will represent Mr. Broyles in the legal proceedings which follow. An important feature of the this case developed last Saturday when in behalf of the Bank of Commerce of Albuquerque Attorney H. M. Dougherty brought suit for collection against Mr. Broyles and Chas. M. Crossman, H. Evans, Chas. Lewis, Smith & Storey, Franz Schmidt, C.H. Storey, W. E. Pratt, and E. W. Brown, comakers of notes aggregating $25,000.

2. November 8, 1909 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, November 8, 1909

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Article Text

VERDICT IN FAVOR OF DEFENDANTS IN PUTNEY CASE Long Drawn Out Legal Battle Over $16,500 Promissory Note Decided Against Plaintiff. I After being out for eighteen hours the jury in the case of R. E. Putney vs. C.H. Schmidt and Charles Story, in which the plaintiff sought to foreclose on a mortgage given as security for a promissory note for $16,500. on which J. N. Broyles, the bankrupt San Marcial banker, appeared as principal and the two defendants as sureties, yesterday morning brought in a verdict in favor of the defendants. The case was one of the lengthiest and most hard fought civil suits tried in Bernalillo county for many years, occupying the attention of the court for more than twelve days. The case was an aftermath of the financial failure of Jasper N. Broyles, for many years the principal merchant at San Marcial. Broyles failed in April, 1908, and his business interests went into the hands of a receiver.