992. San Diego National Bank (San Diego, CA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3780
Charter Number
3780
Start Date
November 11, 1891
Location
San Diego, California (32.715, -117.157)

Metadata

Model
gpt-5-mini
Short Digest
59d17846

Response Measures

None

Description

Articles report the collapse/failure of the San Diego National Bank in November 1891, appointment of a receiver (F. N. Pauly) and subsequent litigation. There is no explicit description of a depositor run on the San Diego bank in the provided snippets; the Cheyenne National suspended when news of San Diego's collapse reached Cheyenne (a secondary effect). Classified as suspension leading to permanent closure/receivership.

Events (5)

1. August 23, 1887 Chartered
Source
historical_nic
2. November 7, 1888 Voluntary Liquidation
Source
historical_nic
3. November 11, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Collapse/insolvency due to alleged 'loose methods' and mismanagement; bank became defunct in November 1891.
Newspaper Excerpt
THE Cheyenne National bank suspended yesterday when the news of the collapse of the San Diego National bank reached that city.
Source
newspapers
4. November 15, 1891 Receivership
Newspaper Excerpt
A petition by Receiver F. N. Pauly, of the defunct San Diego National bank ... was granted by Judge Ross, yesterday.
Source
newspapers
5. May 9, 1894 Other
Newspaper Excerpt
Suit was instituted ... by Frederick N. Pauly, receiver of the San Diego National bank, against the former receiver, J. E. O'Brien, The suit is brought for a judgment on a promissory note amounting to $2544.40...
Source
newspapers

Newspaper Articles (5)

Article from Los Angeles Herald, November 14, 1891

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Article Text

THE Cheyenne National bank suspended yesterday when the news of the collapse of the San Diego National bank reached that city. Mr. Collins, the president of the San Diego bank, was also the chief stockholder of the Cheyenne bank. Mr. H. W. Hellman, who was sent by the Los Angeles banks to San Diego to look into the banking situation there, returned last night. He says that the three banks outside of the suspended one are in good condition, and will receive all the assistance they may need from here to meet any emergency. He corroborates the statement previously made, that the broken San Diego bank owed nothing to our local institutions. The fact is that the Los Angeles banks have been suspicious of the loose methods of the San Diego National bank, and refused to deal with it on a credit basis.


Article from Los Angeles Herald, December 8, 1891

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SAN DIEGO STEEL WORKS. Dr. Eames Says the Plant Is Nearly Completed. SAN FRANCISCO, Dec. 7.-Dr. J. C. Eames, who is associated with a syndicate of capitalists interested in the construction of a steel works plant at Roseville, a suburb of San Diego, is in the city on business connected with the enterprise. He thinks that the works will be in operation by the latter part of the month, as only one more carload of material remains to be put in place. Negotiations have lately been completed by which iron will be shipped by water to the works direct from the Tepustete mine at San Ysidro, Lower California, fifty miles south of Ensenada. The vein averages 125 feet in width. and has been traced on the surface for a distance of over 2000 feet. Dr. Eames says at least 85,000 tone of metallic iron ore is in sight, which averages 63 per cent of iron. It was intended to have the works running early last month, but the failure of the San Diego national bank retarded operations.


Article from Los Angeles Herald, September 15, 1892

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Court Notes. Yesterday in Judge Smith's court the charges against E. -H. Boyd and J. K. Stump were dismissed, upon motion of the district attorney, upon the ground of insufficient evidence to convict. The charge of burglary against H. R. Whitson was also dismissed upon motion of the dietrict attorney, owing to insufficient evidence to convict. Yesterday in the United States district court, in the case of Max Harris, convicted of using the mails for the transmission of lottery matter, a motion in arrest of judgment was made and argued by J. A. Anderson for the defendant, and A. W. Hutton for the government. The ground upon which the motion was requested was that the lottery drawing list was not set forth in the indictment, and that it also fails to aver the existence of the lottery. The sentence of the defendant was postponed until the 28th inst. A nolle prosequi was entered by the United States district attorney yesterday in the case of T. J. Barnes, formerly postmaeter at Monrovia, charged with embezzlement, and the charge was dismissed. The government was unable to find a material witness in the case. A petition by Receiver F. N. Pauly, of the defunct San Diego National bank for a compromise on a $115 note was granted by Judge Ross, yesterday. The bank had taken a gold watch as security, and the receiver was obliged to take the security to get anything out of the transaction. Three cases brought by the Southern Pacific company against Pat Brady were yesterday referred by Judge Ross to Master in Chancery E. H. Lamme, to take testimony. Judge Van Dyke yesterday rendered judgment for the plaintiff, for $3,069.94, in the foreclosure suit of Garnier et al. VS. Jullien. Charles Smith, a native of Canada, was admitted to citizenship yesterday, by Judge Van Dyke. Judge McKinley, yesterday, in the case of J. D. Caruthers vs. Jasper Gee, rendered judgment for the plaintiff for $12.50, and for the defendant for his costs. Antonio Bonacina, a native of Italy, was admitted to citizenship by Judge McKinley yesterday. In the foreclosure suit of Mockenhaupt ve. Thornton et al., Judge Wade yesterday rendered judgment for $1600 in favor of the plaintiff. The damage suit of Eachus vs. the Los Angeles Consolidated Electric Railway company, was again on trial vesterday before Judge Wade, and will be resumed this morning. In a complaint filed before Justice Austin against Louis Escallier, charging him with battery, the person who drew the document gave the name of Leon Escallier, who lives on Aliso street, and the latter is properly indignant at the mistake.


Article from Los Angeles Herald, October 4, 1892

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Article Text

DERS. THE FOR BAD STOCKH A a Decision By Judge Ross About San Diego Bank. a in About A Trouble Young Young Man Woman's Letter. Various Proceedings Yesterday Notes of in Cases the on Courts Trial New Suits Filed, Etc. in morning Judge court, Ross, handed Yesterday States circuit a demurrer the United opinion overruling of San Diego in down the an case California of the National county ruling bank, in the which matvs. is a the very controversy, important and of as the a result defunct funds of ter in the stockholder ittle very of the was which will receive of the receiver. in the bank now in the hands originally brought Diego county inThe suit court bank, of San which and became against it was against superior November the 11, 1891, on whose circuit mosolvent F.N. Pauly, the transferred receiver, to the 15, August tion court. county charges C. that funds R. Daner, in the deThe its treasurer, county deposits ag 1891, posited and $5975.70 other similar made and bill certifi- also H. of deposit Tax in the cates alleges bank, gregating that deposited $10,000 County issused. were $6114.85 Collector other The deposits bank the W. of which Weineke November 2, $20,000 1891. and additional certificates of aggreaggregating money, for and moneys certificounty's were for which no bill aldeposit issued 75, The were gating $24,532 by bimentioned and cates that leges that were keeping, the taken moneys and also were alleged public was and the trust funds. 27 has sufficient the only for eafe $2453 It received been repaid, to repay gums that are receiver his Appointment The alleges to pay the the since amounts in not full. su ufficient bank aggets in full, from and restrained of there indebtedness the receiver of the is funds indebtedness now in his of hands the bank, full. the money in applying unless to a the part county general will not receive its by urged demurrer, and a plain and the The the defendants, complainant remedy at law, has entitling that the that adequate no equities relief against the bill contains to any of them. clear defendants : eays either that a it cause is very of action and The if the court bill states equitable. D nature, alone. In that it is of an court did the the dein a not that at all enforcible present case have knowledge only in question offibank the moneys deposits time of that the officers the fendant depositors at the of and such the moneys were county, held by county, trust for with nocers 80 depositing deposited of the them were in chargeable the of the state the bank was that the law to of the for those such made but tice the it bank illegal fact to receive acquired officers as deposits. no against make title The or bank, thereford BO they continued to the truet in deposited the The d with the lost; impressed complainant moneys favor. with mingled and moneye identity complain- moneys court, were ant's no bank, doubt and their can such fact favor dea complainant's of but, the asks the trust in of being by inthe stroy the bank the or prevent the of equity? The was between creditors court question general receiver. solvent, complainant represented and the became by the such money volordinary eyes the and knowlThe with of untarily; the bank bank they creditors deposited with their their open. was to of But the the money by not its of officerwithout k only but contrary edge put with plane by the complainanthe complainant the to make law. the To same would be to which to it Qrdinary on creditors share in subject in a loss iteelf, money and the ehare in the prop not which erty of the bank. give did not to never the in latter equity This became would certainly BradJustice the equity be just. holds with does not Mr. destroy it into to a the converts mass, giving diverthe ley that entirely, the entire unlawful other cheparty charge the priority upon injured by right over The demur- defenbeing dants sion & of the overruled, in the which to rendered rer creditotherefore is allowed 20 days a decision W. of E. Savage answer. Ross also in the case suit in the to court. complaint of by Judge written VB. opinio Woreham, W. G. plaintiff dismissed, asked action its circuit the Amended that the cause stated is in that have the ground attempted t to different be from original on therein nasubetance out in the regarded nature and to be get cannot be The subattempted and, ted therefore,f the 40-acre bill. tract of bill, amendment endment is over a court granted out the government as ject an of the suit of land. plain The tiff to strike the amended motion complaint.


Article from The Herald, May 9, 1894

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# COURT NOTES. C. C. Meedie Wants $15,100 From the Terminal Railroad. Frank Brown was tried in department one on the charge of burglary. It is alleged that the defendant and one Tom Keefe entered a residence en South Hill street on the 16th of April and abstracted a quantity of wearing apparel. The case was given to the jury late in the afternoon and a verdict of guilty returned. In department three, before a jury, the case of C. C. Moodie against the Los Angeles Railroad company is now being tried. The plaintiff alleges that while grading the roadbed of a switch adjoining the Stern Winery company, near Macy street and the Mission road, on June 22, 1892, the employees of the Terminal carelessly ran a train onto the switch. Moodie was thrown off the track and severely injured in the face and body. He claims $15,100 damages. The defendants deny that they had given the Stern Winery company permission to build a switch, or that Meodie was there with the consent of the Terminal company. They further allege that if Moodie was injured he was himself to blame for it. J. C. Brown's suit against Charles K. Walrath is on trial before Justice Bartholomew. Brown seeks to recover $299 from defendant on an assigned claim from Attorney E. St. Julien Cox of $365 for legal services, reduced to less than $300 for the purpose of bringing it within the jurisdiction of the justice's court. The defense denies that the plaintiff is the lawful assignee of the claim, that defendant owes any money whatever to E. St. Julien Cox, but that, on the contrary, the attorney is indebted to Charles K. Walrath in the sum of $18.25 borrowed money, etc., and damages to the amount of $281.64 are claimed. The federal grand jury convened yesterday but did nothing beyond hearing evidence in some unimportant cases. It is understood the witnesses in the Harrie-Platt case, for using the mails for unlawful purpose, will be called upon today to appear before that body. Judge Ross of the United States circuit court yesterday granted an order authorizing the receivers of the Bear Valley Irrigation company to purchase capital stock of the Palm Valley Water company, and to transfer right of way across lands, etc. Suit was instituted yesterday in the United States circuit court by Frederick N. Pauly, receiver of the San Diego National bank, against the former receiver, J. E. O'Brien, The suit is brought for a judgment on a promissory note amounting to $2544.40, together with interest and attorney's fees. # NEW SUITS. J. E. Crawford has filed suit against Angel M. Ornelas and others to foreclose mortgage for $1200 and interest on Pomona city realty. P. C. Smith sues Charles A. Blake and others to quiet title to certain property. W. J. Washburn, receiver of the city bank, sues J. J. Schallert for $1550, attorney's fees, etc., on a promissory note. The Empire Steam Laundry company sues Guadalupe C. Rosas and Kimball C. Dummiek to quiet title to certain lands on Main street. W. J. Smith, by his guardian, sues C. M. Teller and S. Mascarel for $320.65 on a bond given by defendants to release from attachment the French newspaper, Le Progres, on October 18, 1893. Subsequently plaintiff recovered judgment against the paper and now wants to recover from its bondsmen.