New Mexico Savings Bank & Trust Company (Albuquerque, NM)

Episode Information

Episode UID
9898604091123
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
989860409 hash
Start Date
July 3, 1893
Location
Albuquerque, New Mexico (35.084, -106.651)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ae53eccb79d22298

Response Measures

None

Description

Bank closed with posted notice saying depositors would be paid; a receiver was later appointed and dividends paid.

Events (4)
1. July 3, 1893 Suspension
Cause
Local Banks
Cause Details
Closed in the wake of unusual demands after suspension of California banks and the Albuquerque National's suspension; managers closed to avoid a run.
Newspaper Excerpt
The New Mexico Savings Bank and Trust Company also closed, but they say the depositors will be paid in full.
Source
newspapers
2. July 5, 1893 Receivership
Newspaper Excerpt
A U.S. bank examiner will probably be ordered to take charge today... The collapse of the Albuquerque National and the New Mexico Savings bank is still a topic of much interest in business circles. The directors ... resolved that this bank close its doors for the present ... depositors will be paid in full. NEW MEXICO SAVINGS BANK & TRUST COMPANY, A. W. JONES, Vice-President.
Source
newspapers
3. February 10, 1894 Other
Newspaper Excerpt
J.E. Saint, receiver of the New Mexico Savings Bank and Trust company, informed THE CITIZEN that the prospects are most excellent for another dividend to be declared about the 1st of March.
Source
newspapers
4. May 8, 1895 Other
Newspaper Excerpt
Jos. E. Saint's resignation as receiver of the New Mexico Savings Bank & Trust company was accepted and Neil B. Field was appointed to the place.
Source
newspapers

Newspaper Articles (20)
1. July 4, 1893 The Herald Los Angeles, CA
Article from The Herald, July 4, 1893

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EMBARRASSED BANKS. The Financial Tidal Wave Strikes Albuquerque, N. M. ALBUQUERQUE, N. M., July 3. - -The following notice is posted on the doors of the Albuquerque National bank this morning: "Compelled to temporarily suspend business. This has been brought about by the unusual demands of depositors since the enspension of the California banks, about 10 days ago, and the absolute impossibility during the present business depression to call in our loans. It is confidently hoped we can soon resame business and that every creditor will be paid in full, as the assets greatly exceed the liabilities." The enspenston will cause no loss to depositors, as the bank has a eurplue of $40,000. The other banks are exceptionally strong and have a large cash reserve. Fall confidence is expressed by the citizens, and no rana whatever are being made. The liabilities of the Albuquerque National bank are $270,000, and assets $420,000. The New Mexico Savings bank and Trust company also closed, but they say the da... positors will be paid in full.

2. July 4, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, July 4, 1893

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BUSINESS REVERSES. Many Banks Unable to Withstand the Pressure. ALBUQUERQUE, N. M., July 3.-The following notice was posted on the door of the Albuquerque National Bank this morning: "The Albuquerque National Bank is compelled temporarily to suspend business. This is brought about by the unusual demands of depositors since the suspension of California banks about ten days ago, and the absolute impossibility during the present business depression to call in our loans. It is confidently hoped that we can soon resume business and that every creditor will be paid in full, as the assets greatly exceed the liabilities. "JOHN A. LEE, Vice-President." The suspension will cause no loss to depositors, as the bank has a surplus of $40,000. The other local banks are exceptionally strong and have a large cash reserve. Full confidence is expressed by citizens in their soundness and no runs whatever are being made. The liabilities of the Albuquerque National are $275,000 and the assets $420,000. The New Mexico Savings Bank and Trust Company also closed to-day. Its officers say the depositors will be paid in full. LEADVILLE, Colo., July 3.-A run was made on the California, Carbondale and American banks to-day, but all the demands of depositors were promptly met, and at the closing hour the run had ceased. The American National Bank closed its doors this morning, but the directors say the depositors will be paid in full. The bank's statement shows resources amounting to $3,536,134 and liabilities of $342,625. GOLDEN, Colo., July 3.-The Jefferson County Bank failed this morning. There is DO statement of assets or liabilities. The total liabilities are $76,538 and the assets $111,380. The officers are confident that every cent will be paid. CINCINNATI, Ohio, July 3.-Freiberg Bros.. liquor-dealers, have failed; liabilities, $200,000; assets, same. BROOKLYN, July 3.-There was a run on the Williamsburg Savings Bank this morning. Nearly 1000 persons crowded into the bank as it opened, and until noon anxious inquiries were made. The proportion. of those with drawing deposits was as five to one of those depositing. General A. V. Meserole, president of the bank. said: "We paid out $230,000 on Saturday and took in $140,000. mostly from the depositors. We are doing business fast, and are prepared for a run, should it come." CHICAGO, July 3.-A. G. Postlethwalte filed a bill to-day for a receiver for the Illinois Fuel Company of Sangamon County, which confessed judgment some days ago for $70,000. The complainant is holder of the company's stock. He claims that the officers put all his investment in the company and have mismanaged its affairs. He claims the company owes him $42,000 money loaned. WINNIPEG, July 3.-The Commercial

3. July 4, 1893 The Daily Morning Astorian Astoria, OR
Article from The Daily Morning Astorian, July 4, 1893

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BANK FAILURE. Albuquerque, N. M., July 3.- The Albuquerque National Bank has been compelled temporarily to suspend business. It is stated that the assets greatly exceed the liabilities. Albuquerque N. M., July 3.-The Albuquerque National Bank, which closed today, has liabilities of $275,000; assets, $420,000. The New Mexico Savings Bank and Trust Company also closed, but they say depositors will be paid in full.

4. July 4, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, July 4, 1893

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FORCED TO CLOSE, . The Albuquerque National Bank Suspends Payment-Will Pay in Full. ALBUQUERQUE, N. M., July - The following notice was posted on the doors of the Albuquerque National bank this morning: "The Albuquerque National bank is compelled to temporarily suspend business. This is brought about by the unusual demands of depositors since the suspension of the California banks about ten days ago, and absolute impossibility during the present business depression to call in our loans. It is confidently hoped we can soon resume business and that every creditor be paid in full, as the assets greatly exceed the liabilities. (Signed) John A. Lee, vice-president." The suspension will cause no loss to depositors, as the bank has a surplus of $40,000. Other banks are exceptionally strong and have a large cash reserve. Full confidence is expressed by citizens and no runs whatever are being made. The liabilities of the Albuquerque National bank are $275,000; assets, $420,000. The New Mexico Savings bank and Trust company has also closed, but they say depositors will be paid in full.

5. July 4, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 4, 1893

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BANKS CLOSE UP. New Mexico and Colorado Institutions Suspend. ALBUQUERQUE, N. M., July 3.-The Albuquerque National bank, which always has been recognized as next to the largest institution of the kind in the city, failed to open its doors th : S inorning, posting un a notice to the effect that the suspension is only temporarydepositors need have no tear of not being paid in full. The New Mexico Savings Bank and Trust company. an adjunct of the Albuquerque, is also closed, with the same kind of a notice posted up. John A. Lee, vice president of the national bank, states that all depositors will be paid in full by both banks. Territorial funds to the amount of $30,000, and county funds to $30,000 had only recently been deposited in the Albuquerque National bank. No run has been made on the other banks. GOLDEN, Col., July 3.-The Jefferson County bank in this city made au assignment this afternoon. The total liab. lities of the bank are placed at $76,538.79, while the assets are $111,350.35. LEADVILLE, Col., July3.-The American National bank did not open its doors this morning, owing to the impossibility of realizing upon securities. No statement of assets and liabilities is made, A number of depositors had withdrawn their money, but a great deal more money had been deposited than taken out. The probabilities are that the bank will resume. ASPEN, Col., July 3.-The McPherson County bank did not open its doors this morning, but instead made an assignment for the benefit of its creditors. Impossibility to collect on notes outstanding is given as the cause of the failure. No statement as to assets and liabilities has so far been made public. CINCINNATI, July 3.-Freidberg Bros., one of the largest wholesale liquor firms in this city, failed at noon today for $200,000, caused by stringency of the money market.

6. July 4, 1893 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, July 4, 1893

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FAILURE AT ALBUQUERQUE. Suspension of the Albuquerque National Bank-Depositurs will Be Paid. ALBUQUERQUE, N. M., July 3.-The Albuquerque National bank suspended this morning. The officers claim the suspension is only temporary and that the assets greatly exceed the liabilities. The suspension of the Albuquerque National bank will cause no loss to depositors, as the suspension is temporary. and, even if otherwise, as the bank has not only paid up capital of $175,000 but a surplus of $40,000. Its stock is held by more than 100 wealthy men in Vermont, New York and other eastern states, who are liable to immediate assessment of the full amount of their $175,000 of stock holdings, which would be paid over to the depositors. The bank has besides a large line of assets of its own. The other two banks of this city are exceptionally strong and have a large cash reserve. Full confidence is expressed on every hand by the citizens, and no runs whatever are being made. The First National bank has long been recognized as one of the largest and soundest banking institutions of the west. Its footings are more than $1,000.000. Cashier C. C. Hall states that the liabilities of the Albuquerque National bank are $275,000; assets, $420,000. The New Mexico Savings Bank and Trust company also closed, but they say depositors will be paid in full.

7. July 5, 1893 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, July 5, 1893

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ALBUQUERQUECOLLAPSE The savings Bank Has Failed to Comply With the Law-Official Correspondence. The collapse of the Albuquerque National and the New Mexico Savings bank is still a topic of much interest in business circles. A U.S. bank examiner will probably be ordered to take charge today, and in the mean time C.C. Hall is in charge under direction of the treasury department. The territorial secretary received the following yesterday: Hon. S. Alexander, Secretary of the Terriof New Mexico, Santa Fe, N. M. July 3, Sir: ALBUQUERQUE, tory '93.-Dear On account of the suspension of the Albuquerque National bank this day, the directors of this (the New Mexico Savings Bank & Trust company) passed the following resolution: whereas, such suspension is cer"And, to so public confidence in tain shake all financial institutions as to precipitate a run on this bank which it is not prepared to meet in the present condition of business which makesi it impossible to convert our assets into cash at short notice; and, whereas, fairness and justice to our depositors as a wholerequire the course now decided upon, believing, as we do, that as short delay will enable us to satisfy all our creditors, therefore, "Resolved, that this bank close its doors for the present with an assurance to the public that depositors will be paid in full. In a few days we will forward to you a report of the condition of the bank as usual in the month of July. Kindly send necessary blanks and adviso us if, while the bank is closed, a publication of such statement will be required. We assure you that we believe you will see from this statement that the bank is perfectly solvent and that depositors will be fully paid. Very respectfully, NEW MEXICO SAVINGS BANK & TRUST COMPANY, A. W. JONES, Vice-President. THE SECRETARY'S REPLY. In response Secretary Alexander yestorday wrote Vice-President Jones as follows: "I find by examination of the records of this office that your corporation has filed no report of its condition in this office since July 8, 1892, and that you have to neglected comply with section 10, chapter 68, of the session laws of 1887, in filing your January statement in this office. "I think you should at least make a as required by law. I regret to inform that we no statement you have blank forms for the making of such statements in this office." LAW ON THE SUBJECT. Section 10, chapter 68, acts of 1887, referred to in the socretary's reply, reads as follows: The directors of any such corporation or association (savings banks) shall semiannually, in the month of January and July, and whenever any dividends shall be declared, make a full, clear and accurate statement to the secretary of the territory of the condition of such corporation or association, as it shall be on that day, and after declaring the dividend, if and the any shall be declared; * * same shall be published at least once a week for three consecutive weeks in some newspaper in the county where such corporation or association is located. Section 13, of the same act, provides that "if any such corporation or association, or the officers or directors thereof shall neglect to make out, file and publish ; the statement required by this act, for one month beyond the period when the ; S. same is required to be made, or shall wilfully violate any of the provisions of this act, the directors shall be personally liable for all bad debts of such corporation or association contracted previously to and during the period of such neglect."

8. July 8, 1893 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, July 8, 1893

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or since unusually the suspension heavy demande of the California also bank about tell days age. and the lute impossibility during the pre. depression to call in our loste. hoped that and that every general resume It confidently business we cat Boon full, 89 credit for of the bank will be and in the assets greatly exceed the mibilities Joins A. LEE Vice President Oathetiold avenue door of the bank. which 18 known principally as the en trance to the New Mexico Savings Bank & Trust company was posted the for lowing NOTICE The New Mexico SAVINGS Bank is Trust company tin item computers Alide to close its doors for the present positors will be paid full This notice 18 not signed but knowledged by the of the Say logatbank When it because generally KNOWD that two banko had closed doore, is et owd of depositors gathered around the bank building but they could not call for their deposite for the reason that the officiale had concluded to post notices of the doore Some especial is in the Savings the their without depositors earnings opening those bank who officiale. wate had White-bitter in denouncing the and Home declared that they knew the bank was insolvent. although deposite weretakes as interest beclock Saturday might Cashier Jones, of the Savings bank. escalled upon for an explanation and that on account Nati onal to be of stated the Albuquerque of the bank future process open interdocre this morning it was sary for the Savings bank to suspend. mid 68 under such is run sent have likely occurred. but with with time to make collections of papersion due and maturing it IN expected tost the bank will be able to estimly adidas positors in 8 short time Continuing Mr. that de positors need have no feat of not receive their money. for the person that there mg is is capital stock and surpluato betweet ID case of any shrinkage of securities on stand in the value hand, for all the de stockholders being responsible posits to the extent of their stock Mr. Josee admite taking deposite up to doclock Saturday night. but declaree had no idea that the Savings bank. Na T he for that matter the Albuquerque tional would suspend The reporter ended up C. C. Hall. cashier of the Albaquerque National bank.and that gentleman first remark the and ...I 18 shame; I andly regret matter." He then stated that the Albu querque National was eatling along the smoothly until about the time of futures in Los Angeles and Southern lost Conforms occurred The bank has to pretty heavily in deposits. and owing the stringency of the money market have first not been able to gather in money enough to meet demande "The bank Mr perfectly solvent." continued 18 Hall. "and expects to pay every deposit tor in full." In regard to not first opening the doore this morning Mr. Hall anys with that he did not consider it consistent safety and 8 proper course to continue where Mr. Lee. the vice president. 18 attached to one of the notices. name was present and heartly corroborated I the remarks of Cashier Hall , 8. M. Poleom president of the bank ten who has been abount for the past I days. 18 expected home the evening M W Flournoy. cashier of the First National bank. was noted whether a run , 8 0 been made on his bank He VIZ: "The deposite e doubled the 8 bad about marked. withdrawale to-day which going have shows that the people are not 8 wild over the suspensive of the Albu 1 1 National and Savings banks y DO run at all, but it 4. we will meet all e anticipate come querque demands should stand. and with business at the old if keep on At the Bank of Commerce the reporter Dr. G. W. Harrison. " * Ot one of the 9 met M. S. heaviest president. the direct WID and Cashier Strickler WISH at "Ne tors. dow. and he remarked. with is smile w has been made on our bank, and if silver and currency N h ) all demanda We are more run have meet gold, enough for that they to it pleased with the deposite o.day. di far in excess of the withdrawal it d are The Bank of Commerce 18 as solid BE an institution in the 1 banking country." English , C.W. Kennedy and Richard ob 1. + stockholders of the Savings bank. the 2 served to THE CITIZEN reporter that every depositor in the bank morning will in is very short time be paid 10 full. n 10 C.C.Hall. cashier of the Albuquer the d National informs THE CITIZEN . que that the has coloraphed th th afternoon comesseller Eckels, of

9. July 12, 1893 The Star Reynoldsville, PA
Article from The Star, July 12, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. BALTIMORE, Mo.-The individual banks of this city and the Clearing House association have refused to longer assume responsbility for checks, etc., deposited with them until after collection has been made by them. The First National Bank of San Diego, Cal.. which suspended a month ago, has re. sumed. ALBEQUERQUE, N. M.-The albequerque National Ban't suspended and the New Mexico Savings Bank and Trust Company, an adjunet, also closed. GOLDEN. Coto.-The Jefferson County bank in this city has made an assignment. PHILLIPSBURG, MONT.-The First National bank closed its doors. Ward's bank of Fosterville, N. Y., has failed. There were $75,000 of deposits. The body of the proprietor was found in the rear of his house. He CO nmitted suicide. WINNIPEG, MAN.--The Commercial bank of Manitoba has been declared insolvent and liquidators have been ap; ointed. The bills of the bank are as good as gold under the Dominion law. The American Loan and trust Company Omaha, Neb., went into the hands of a receiver. The company has a paid up capital of $400,000. The cause of the failure was the failure at Houston, Tex., of the Omaha and Houston Improvement Company. The Finley county bank of Garden City, Kas., has failed. The American National bank. of Pueblo, Col., was not opened Wednesday morning. Notices on the door stated that the bank will resume as soon as it can secure money on its paper. After the suspension of the American National bank became known. the Central National and the Western National closed. These are all sound concerns and assets are ample. NEW YORK.-The New Jersey Sheep and Wool Company and the Gausevort Market Sheep Company failed Thursday morning. It is feared the failures will affect many small concerns. The liabilities will exceed $500,000, OMAHA. NEB.--The National bank of Ashland clo ed its doors. The closing of the American Saving Bank of this city are sup. posed to be the cause of the failure. NEW YORK.-A run started on the Jefferon County Savings bank. Governor Flower was present and in a speech gave assurance that the bank was entirely safe. The speech had an excellent effect. OMAHA, NEB-The American savings bank suspended with deposits of $159,000 and assets of $259,000.

10. July 13, 1893 The Middleburgh Post Middleburg, PA
Article from The Middleburgh Post, July 13, 1893

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LATE TELEGRAPHIC JOTTINGS BOTH FROM HOME AND ABROAD. What is Going On the World Over. Important Events Briefly Chronicled. Financial and Commercial. BALTIMORE, Mo.-The individual banks of this city and the Clearing House association have refused to longer assume responsbility for checks, etc., deposited with them antil after collection has been made by them. The First National Bank of San Diego, Cal., which suspended a month ago, has reumed. ALBEQUERQUE, N. M.-The albequerque National Ban's suspended and the New Mexico Savings Bank and Trust Company, an adjunct, also closed. GOLDEN. Coto.-The Jefferson County bank in this city has made an assignment. PHILLIPSHURG, MONT.-The First National bank closed its doors. Ward's bank of Fosterville, N. Y., has failed. There were $75,000 of deposits. The body of the proprietor was found in the rear of his house. He CO nmitted suicide. WINNIPEG, MAN.-The Commercial bank of Manitoba has been declared insolvent and liquidators have been ap: ointed. The bills of the bank are as good as gold under the Dominion law. The American Loan and trust Company Omaha, Neb., went into the hands of a receiver. The company has a paid up capital of $400,000. The cause of the failure was the failure at Houston, Tex., of the Omaba and Houston Improvement Company The Finley county bank of Garden City, Kas., has failed. The American National bank of Pueblo, Col., was not opened Wednesday morning. Notices on the door stated that the bank will resume as soon as it can secure money on its paper. After the suspension of the American National ban't became known. the Central National and the Western National closed. These are all sound concerns and assets are ample. NEW YORK.-The New Jersey Sheep and Wool Company and the Gausevort Market Sheep Company failed Thursday morning. It is feared the failures will affect many small concerns. The liabilities will exceed $500,000. OMAHA. NEB.--The National bank of Ashand clo ed its doors. The closing of the American Saving Bank of this city are supposed to be the cause of the failure. NEW YORK.-A run started on the Jefferon County Savings bank. Governor Flower was present and in a speech gave assurance that the bank was entirely safe. The speech bad an excellent effect. OMAHA, NEB-The American savings bank suspended with deposits of $153,000 and assets of $259,000.

11. February 10, 1894 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, February 10, 1894

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Another Dividend This morning. J.E. Saint, receiver of the New Mexico Savings Bank and Trust company. informed THE CITIZEN that the prospects are most excellent for another dividend to be declared about the 1st of March. but of what per cent he would not, or did not, like to state. He says those indebted to the institution are straining every energy to meet their obligations, and some are paying in almost daily. The receiver appears to be pushing matters in the interest of depositors, and this paper hopes that every cent placed in that iustitution by the wageearners and other citizens of this city and elsewhere will be finally received back by them.

12. December 1, 1894 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, December 1, 1894

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COUST MATTERS, A Receiver's Expenses Meduced-The Election Cases. In the case of George C. Brown et al. va. the New Mexico Savings Bank and Truet Company, Judge Collier rendered a declaion to the effect that from and after December 1, 1894, the compensation of the receiver of the defendant company shall be nt the rate of $150 per month, and his attorney at the rate of $500 per annum, payable quarterly, the compensation of receiver to be allowed quarterly only upon order of the court, based upon utfidavit by the receiver that be has rendered daily personal service to the trust and has only been absent from bis office during usual hours of bus iness upon matters of the receivership, The opinion also dispenses with the services of a clerk for the receiver. The election cases-that 18, ascertaining whether the precincts of Nacimiento, La Jasa and Gonzalitos are still in this county, the same before as after the election-18 being heard to-day in chambers by Judge Collier. Hon. T. B. Catron, republican delegate-elect to congress, and Hon. F. W. Clancy submitted testimony and affidavits this morning. strong and conclusive, for the republicans, that the three disputed precincts were still in Bernalillo county. Judge Warren and Hon. H. B. Fergusson, for the democrats, or rather for Leonard Skinner, who is contesting the race for assessor against F. A. Hubbell. have C. F. Easley. surveyor general of the territory, present, and this afternoon they introduced testimony from the surveyor general in support of their claim Arguments are now being heard, and a decision from the judge is likely not to be reached until evening. Both candidates interested in the deciaion, F. A. Hubbeil and Leonard Skinner, are present, besides Hon. Pedro Perea. B. S. Rodey, Judge Lee ,and many others.

13. January 12, 1895 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, January 12, 1895

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DIVIDEND DECLARED Call on Receiver Saint and secure Per Cent Dividend. The fourth dividend of the New M Savings Bank & Trust company is declared, and the depositors can another 10 per cent of their deposit calling on Receiver Saint, at his oth Second street, in the Whiting bui. While this dividend would have many of our citizens extremely h during the holidays, it is very acce- now, or for that matter at any time ceiver Saint informs THE CITIZENS that he has every assurance that a dividend at least 25 per cent, will be declared the next few months.

14. February 23, 1895 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, February 23, 1895

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the Dank DOORS or committee yesterday morning held a with the council the of Mr. J. E. meeting office Saint, committee the Bank receiver and at of New Mexico Savings Trust Mr. W. B. the company. Childers Schofield, was present in behalf of Receiver H. B. Fergusson was on to Fall's interests After a while protect Mr. Judge discussion in hand of the the inthe committees in view of their inability to situation vestigation. decided inspect the that facts the would simply report to two houses. This report the two houses books made the in they Monday will and the be house report will embody a statement to the New Mexico Savings Bank and Trust company, as to the examination of the records of which institution no opposition was offered. The telegram upon which Receiver Schofield acted in his refusal was as follows: To J. W. Schofield, Receiver, Albuquerque, N.M. Washington, Feb. 21.--Telegram received. Decline to allow any investigation of books or letters of bank saggested by the governor. have so advised him. (Signed.) JAMES H. ECKLES, Comptroller. The telegram from Governor Thornton above referred to was as follows: To Hon, Comptroller of the Treasury, Washington: Santa Fe, Feb. 20.-The charge has been that the act of the last session making passed made the legislature AlbuquerNational bank the was by fraud and and that evidence to tory, que procured establish territory this bribery deposi- fact on and in letters now the of Receiver Schofield. A hands the books legisla- in to tive committee has been appointed into the matter. to examine Receiver Schofield exhibit Please the books wire And letters in his possession to the committee. (Signed.) W.' T. THORNTON, Governor. to this wired from that he In response Washington Comptroller Eckles would communicate with Receiver Schofield and a to the governor forward reply follows: later. When this reply came it read as To W. T. Thornton, Santa Fe: Feb. AlWashington, Hon. 21.-Receiver advises that of National bank he of has buquerque made investigation books that and will letters of bank and finds nothing throw light upon matter and that to it. I must refers any decline requested. nothing therefore the examination JAS. H. ECKLES, connection the (Signed) In to this permit Comptroller. NEW MEXICAN it to that, in its judgment, is the duty of the insist a full and fair desires imperative upon say investigation assembly Na- to of records of the Albuqnerque its tional the bank by committee. of This New is due to the tax payers so, since has from time to time much Schofield Mexico; particularly records stated Receiver various parties that the bank rea rotten state one of the bank also vealed because very of things, receiver's and advisers has repeatedly declared the three days legal within past that that he the would bank make it his business to see books and letters were not exhibited for the inspection of the legislative committee. A NEW TURN IT TAKES. The employes' pay question again came to the front this morning in the form of a bill introduced by Mr. Larragoite providing for the calling together of the sucourt during legislative sessions for of deciding law by resolutions preme the raised purpose passed questions by both of houses and approved by the governor. An was made to push to final passage, but through attempt this will the failed. have bill that the bill both houses by passed It is probable Monday the afternoon supreme and then an extra session of court may be held next week to decide or whether the employes shall be paid not. MILITIA WARRANTS INVESTIGATION. The militia warrants bill. introduced in the house last week by Mr. Sanchez, of Valencia, provides for a militia claims commission to consist of the territorial auditor, treasurer, solicitor general, of the present house presthe present council. ident speaker of days and The of bill its that within thirty a the commission shall of their meeting at the be passage provides notice publish auditor's shall Santa Fe. Said notice for four weekly in each of bethe office published leading in consecutive the weeks judicial in Said meeting shall and sixty days tween dietricts. thirty after the be commis- the held publication and a majority of constitute a quorum of business. It transaction sion shall shall examine for be the the the commission to all presented for payment claims duty of act arising "to under the provisions of the amend an act entitled militia," approved Jan. 28, 1867; also claims for supplies furnished the militia in 1884, 1885, 1886 1887; said claims shall be presented and within six months after the meeting of the, commission, otherwise their payment shall be forever barred. The hearing

15. March 1, 1895 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, March 1, 1895

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# THE DEPOSITORY SCANDAL. The Albuquerque banks investigation committee appointed by the house made their report to that body yesterday. The report sets forth the fact that the committee proceeded to Albuquerque, but were unable to make any examination of the books on account of the telegraphic orders from Comptroller Eckles published in the NEW MEXICAN some days ago. The report continues: "Being unable to gain access to the books of said bank, your committee deemed it best not to enter into any investigation whatever of the matters submitted to us. "Your committee are of the opinion that the best interests of the people of the territory demand a full and thorough investigation of such matters, and believe that upon proper presentation of the facts to the treasury department at Washington, D. C., and to the president of the United States, authority will be granted for a legislative committee to examine all of the books, papers and records of said Albuquerque National bank; and that the whole truth regarding the transactions which your committee were to investigate may become known, therefore your committee respectfully recommend the passage of the joint resolution herewith submitted as a part of this report. Your committee called upon the receiver of the New Mexico Savings Bank & Trust company, J. E. Saint, who readily acceded to a request for an examination of the books and accounts of his trust, and from such examination your committee approves of the statement of said receiver regarding the condition of the territorial funds in said bank as true and correct, and believe that said receiver is justified in the statements made re-

16. May 8, 1895 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, May 8, 1895

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Fine McBrayer whisky at Colorado sa.oon. A New Receiver. In the district court at Albuquerque Jos. E. Saint's resignation as receiver of the New Mexico Savings Bank & Trust company was accepted and Neil B. Field was appointed to the place. Receiver Field filed his bond in the sum of $50,000, with the names of the following as his bondsmen: Alex Bowie, of Gallup; Thos. B. Catron, of Santa Fe; Edward Dodd, W. Y. Walton, H. E. Leeds, Meliton Chavez, Andres Romero, J. L. Perea and W. W. Strong, of Albuquerque.

17. May 11, 1895 Albuquerque Weekly Citizen Albuquerque, NM
Article from Albuquerque Weekly Citizen, May 11, 1895

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RECEIVER FIELD. Neill B. Field Appointed Receiver New Mexico Savings Bank. This afternoon, on the incoming of dietrist court at : o'clock. Judge Collier announeed the resignation of Joseph R. Saint RM receiver of the New Mexico Mav. mge Bank and Trust company. and the immediate appointment, AM his successor, if Neill B Field. The matter. withough under considerstion for sometime. did not leak out until A few moments before the reconvening of court. and when the news was officially announced it fell among the people of the city in the nature of a great surprise w B Childers, who officiated in the capacity NO. attorney to Receiver Saint. home 18/MO his situation. and the new receiver. who 18 a lawyer, will not only act - receiver but A.M. attorney. at a stipulated compensation. Receiver Field filed bie bond in the 8010 of $50,000. with the names of the fellowing gentlemen AM his bondsmen: Alex Bowie, of Gallup: Those B. Catron. of Santa Fe, Edward Dodd. W. Y. Walton. 11 R Leede. Meliton Chavee. Andres Romero, J L Perea and W. W. Strong. of this city AH THE CITIZEN goes to press, Mr. Saint IN turning over the affairs of the company to district court clerk. O. N. Marron, per instructions from the court, who IM being assisted in the work by Rdward Newcomer: and it 184 understood that the new receiver will remove books, papers. etc. of the company to his own office upstaire in the N. T. Armijo building Mr Saint was straining every point to collect from the large and small borrowers of the bank and trust company. who are responsible for the failure. and there will be many depositors who will read with regret his resignation. Mr Field IN one of the territory's most prominent attorneys. and being thoroughly conversant with the law regardmg such matters NH bank failures, it is hoped be will stir up debtors of the institution to the claims of the depositors and wind up the affaire of the bank as soon as possible.

18. February 17, 1896 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, February 17, 1896

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NEW MEXICO NEWS. Numa Reymond, of Las Cruces, has gone to the City of Mexiço for a month. Mr. M. Prendergast and Miss Gertrude Shafer were married at Springer on Wedneeday. Mr. Jackson Agee and Miss Elnora Alexander were united in marriage at Silver City on Wednesday. Felix Martinez, clerk of the district court at Las Vegas, has gone to the City of Mexico in quest of a Mexican exposition concession. The Las Vegas Brewing company, of which Gustav A. Rothgeb is the principal stockholder, has assigned to W. G. Haydon. The liabilities are named at $20,000. The commissioners of Dona Ana county have offered a reward a reward of $500 for the arrest and conviction of the kidpapers of Col. Fountain and his son, Henry. Judge Collier, of Albuquerque, has issued an order instructing Neill B. Field, receiver of the New Mexico Savings Bank & Trust company, to compro. ise the indebtedness of Bullock, Baker & Co. and W.P. Metcalf. Mr.H.H. Hankins, proprietor of the Springer and Moreno valley stage line, informs the Stockman that he expects to extend his line to Hematite by way of Elizabethtown, and also to Taos, connecting with the Santa Fe at Springer. There are two Las Vegas physicians who are not spring chickens in these parts, 80 to speak. They are Dr. W. R. Tipton, who has been a resident of northern New Mexico for thirty-six years, and Dr. F. H. Atkins, who came to the territory twenty-three years ago, first locating in the southern part.-Las Vegas Optic. J. L. Dow left last Friday evening for El Paso to take the trail of the murderers of Col. Fountain and son, if his services are needed, as did also C. C. Perry, of Roswell. With two such men 88 Charley Perry and Lee Dow after them, besides the posses already in pursuit, the chances are good for a capture.-Eddy Current. In co-operation with Aztec lodge No. A. F. & A. M., of Las Cruces, Grand Master J. H. Wreth, of Albuquerque, has issued a circular to all the lodges in the jurisdiction calling attention to the distressing circumstances attending the mysterious disappearance and probable foul murder of Col. Fountain and son; and urging contributions to A reward fund. Subscriptions by individual Masons and lodges are to be forwarded to A. A. Keene, grand secretary, care of First National bank, Albuquerque. Cattle have fared exceedingly well in northern New Mexico this winter. What snows we have had laid on theground but a short time, keeping them from the grass only a few days. But most of our stockmen to-day are prepared to feed in case cattle can not find food on the range. The days of big cattle baron have passed and very few now possess over 2,000 or 3,000 head.-Springer Stockman. Monday Sheriff Holman, of Ray county, Mo., arrived with requisition papers for George Harry, who has been confined several months in the Colfax county jail. Harry will be used as the prosecuting witness in the celebrated Dr. Fraker insurance fraud trial, which we learn he has made a full confession in writing, implicating the doctor in defrauding several insurance companies by alleged drowning some years ago. Harry was released by Judge Smith to appear for trial here on the charge of burglary at the next term of the district court. Harry states as one of his reasons for making a full confession of the Fraker case, is that the doctor has used every means to implicate him as a party to the fraud, and in return for the doctor's actions toward him, he will give the scheme away.-Springer Stockma.

19. May 19, 1896 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM
Article from Santa Fe Daily New Mexican, May 19, 1896

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NEW MEXICO NEWS. The Democrats of Eddy county will hold a mass meeting at Eddy on Saturday, May 23, at 2 o'clock p. m., for the purpose of selecting four delegates to the Democratic territorial convention in Las Vegas. As if the storm of Friday were not enough of itself to utterly flabbergast our citizens, an added exasperation was heaped on. The great Wallyee show, which was to have shown here yesterday from 11 in the morning until 5 in the afternoon, was utterly unable to do H thing on account of wind and dust.-Gallup Gleaner. Receiver Field, of the New Mexico Savings Bank & Trust company, is today notifying depositors that another 10 per cent dividend has been declared and that checks are now ready for depositors, which can be obtained by calling at his office up stairs in the N. T. Armijo building.--Aibuquerque Citizen. Rev. J. M. Kendrick, bishop of New Mexico, made his visitation to St. John's mission in Albuquerque on Sunday. In the evening the bishop confirmed Mrs. Strickler, Miss Hazledine, Miss Miller, Miss Mehan and Messrs. Baker, Priessner and Luce. His sermon and address to the confirmees was an eloqueut exposition of the ninth verse of the eleventh

20. May 20, 1896 Las Vegas Daily Optic Las Vegas, NM
Article from Las Vegas Daily Optic, May 20, 1896

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Receiver Field, of the New Mexico Savings Bank and Trust company, Albuquerque, notified depositors that another 10 per cent. dividend has been declared.