14498. State Savings Bank (Taos, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
June 20, 1913
Location
Taos, New Mexico (36.407, -105.573)

Metadata

Model
gpt-5-mini
Short Digest
d060ac8b

Response Measures

None

Description

Articles (June 1913 and May 1914) refer to a receiver (B. G. Randall) of the State Savings Bank of Taos paying dividends to creditors, indicating the bank was in receivership and closed. No run is mentioned in the texts. I infer the bank suspended/closed and entered receivership (government action).

Events (3)

1. June 20, 1913 Receivership
Newspaper Excerpt
The receiver of the State Savings bank of Taos, B. G. Randall, has declared a second dividend of eleven per cent to its creditors, which makes in all now thirty-six per cent.
Source
newspapers
2. June 20, 1913 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (receiver B. G. Randall) and payments to creditors being made
Newspaper Excerpt
The receiver of the State Savings bank of Taos, B. G. Randall, has declared a second dividend of eleven per cent to its creditors
Source
newspapers
3. May 14, 1914 Receivership
Newspaper Excerpt
Receiver B. G. Randall of the State Savings Bank at Taos has paid creditors another 30 per cent, making a total of 66 per cent thus far paid creditors.
Source
newspapers

Newspaper Articles (2)

Article from The Kenna Record, June 20, 1913

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Article Text

at Santa Fé. Aug. 12-2" Chautauqua Meeting at Mountainair. Sept. 29 to Oct. .-State Fair at Albuquerque October.-Pumpkin Pie Day at Maxwell. Work is progressing on the Belen court house. Thieves are still doing business in and about Alamogordo. Silver City is making an effort to secure the Methodist sanitarium. Many county teachers institutes are being held in different parts of the state. There will be an automobile run from Albuquerque to Santa Fé on July 4. Maberry Bond has sold this season's wool clip at Roswell at 15 cents per pound. The recent rain was of material benefit to crops and pastures around Moriarity. Near Coyote station, Braulio Aguayo was run over and killed by a freight train. The fire in the Gila forests is reported under control, after burning over 1,000 acres. The creamery at Tucumcari recently output 2,360 pounds of butter, which met with ready sale. William Scott, a resident of Farmington, won third prize in the Maratnon given in Denver. Flora Vista, is shipping Ben Davis apples to Denver and receiving a better price than last fall. Benjamin Fulgenzi has been named clerk of the State Hospital for the Insane by the board of trustees. Capt. Parker has sold "The Pines and other property near Silver City to the Phelps-Dodge company. Civil Service examinations for fourth-class postmaster will be held at San Jon, Saturday, June 28. Sheriff Roman Gallegos and Miss Catalina Duro of Las Vegas were married in the Catholic church. A destructive hail storm caused considerable damage to property and crops eight miles north of Rock Island. The Butler Auto Company has filed articles of incorporation with the corporation commission. The new company will have offices in Albuquerque. The two-year-old son of Jose I. Gutierrez, the Val Verde mail carrier, fell in an open well on the family homestead near Val Verde and was drowned. The Las Vegas Commercial Club gave a smoker and reception in honor of A. A. Jones, first assistant secretary of the interior, on his recent visit to that city. Although Dayton, Eddy county, is much elated over the oil outlook in that part of the state, it has a crying need for cars just now to move its extensive hay crop. The receiver of the State Savings bank of Taos, B. G. Randall, has declared a second dividend of eleven per cent to its creditors, which makes in all now thirty-six per cent. Among the New Mexico nominations made by President Wilson were: Howard S. Boise to be postmaster at Hurley, Grant county and A. B. Wagner to be postmaster at Clovis. Fong Sing, for many years a Chinese merchant in Silver City and one of the leaders of his race, died at


Article from Las Vegas Optic, May 14, 1914

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Article Text

ANOTHER DIVIDEND PAID Santa Fe, May 14.-The traveling auditor's office has been informed that Receiver B. G. Randall of the State Savings Bank at Taos has paid creditors another 30 per cent, making a total of 66 per cent thus far paid creditors. The payment. of this dividend had been delayed by a claim of $1,000 attorney's fees by A. C. Voorhees of Raton, which claim was rejected by District Judge T. D. Leib who held that it was not properly payable out of the State Savings bank assets.