Pueblo Title & Trust Company (Pueblo, CO)

Episode Information

Episode UID
201968991247
Episode Type
Suspension โ†’ Closure
Bank Type
trust
Bank ID
20196899 hash
Start Date
November 5, 1903
Location
Pueblo, Colorado (38.254, -104.609)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b682f116a99076ed

Response Measures

None

Description

Voluntary assignment to an assignee (E. P. Shove/Shrove) indicates closure under an assignee rather than a normal reopening.

Events (5)

1. November 5, 1903 Receivership
Newspaper Excerpt
An assignment has been made by the Pueblo Title and Trust Company to E. P. Shove (Shrove) of Colorado Springs; the company was perfectly solvent and can pay all demands within thirty days.
Source
newspapers
2. November 5, 1903 Suspension
Cause
Local Banks
Cause Details
Managers closed and made a voluntary assignment after the suspension/failure of the First National Bank at Victor triggered an expected run.
Newspaper Excerpt
The Pueblo Title and Trust company did not open to-day, the managers being in fear of a run.
Source
newspapers
3. February 16, 1904 Other
Newspaper Excerpt
The suspended Pueblo Title & Trust Co. bank ... received an order from the court to pay off 50 per cent of all claims properly filed by creditors, and on Tuesday such payments begun under direction of Assignee E. P. Shove.
Source
newspapers
4. May 9, 1904 Other
Newspaper Excerpt
The Pueblo Title & Trust Co bank, suspended, will pay a 25 per cent dividend on all deposits the 9th inst ... Assignee E. P. Shove thinks that the remaining 25 per cent can be gotten together within a reasonable length of time.
Source
newspapers
5. November 26, 1904 Other
Newspaper Excerpt
The Pueblo Title & Trust company announces that it is ready to make its last payment in full of all liabilities, 75 per cent of which have already been paid.
Source
newspapers

Newspaper Articles (17)

Article from Arizona Republican, November 5, 1903

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Article Text

A CONSEQUENT FAILURE. Pueblo, Colo., Nov. 4.-The Pueblo Title and Trust company of this city, one of the principal stockholders in which is the Woods Investment company, has announced a voluntary assignment for the protection of its depositors. The reason given is that sufficient cash to meet a run that was considered inevitable after the suspension of the First National bank at Victor could not be raised at once. Secretary Samm of the company announces that the deposits are $250,000 and the assets are $450,000.


Article from Evening Times-Republican, November 5, 1903

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Article Text

Trust Company Solvent. Pueblo, Col., Nov. 5.-The receiver of the Pueblo Title and Trust Company. which assigned yesterday, stated today the company was perfectly solvent and can pay all demands within thirty days.


Article from The Roswell Daily Record, November 5, 1903

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TROUBLE AT PUEBLO. The Pueblo Title and Trust Company Closes its Doors. Pueblo, Colo., Nov. 5.-The managers of the Pueblo Title and Trust Company today fearing a run kept their doors closed, and made an assignment to E. P. Shrove of Colorado Springs. After examining the condition of the assets of the company today Mr. Shrove stated that the company was perfectly solvent and can pay all demands within thirty days. The deposits are about $250,000, including the accounts of a num ber of working men. The assets are stated to be $450,000.


Article from Lewiston Evening Teller, November 5, 1903

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Article Text

TWO BANKS IN FAILURE Yesterday's Closing of Victor Bank Followed by Other Suspensions (Special Telegram to Evening Teller.) PUEBLO. Col., Nov. 5.-The Pueblo Title & Trust company, one of the largest banking institutions of the city, failed to open its doors for business this morning. It was capitalized at a quarter of a million, and was but recently purchased by the Woods Investment company of Cripple Creek.


Article from The Providence News, November 5, 1903

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Article Text

TO PROTECT DEPOSITORS. Public Tit e and Trust Company Make: a Voluntary Assignment. Pueblo, Col., Nov. 5.-The Pueblo Title & Trust company of this city, the principa! stockholder in which is the Wyoming Investment company. has announced a voluntary assignment for the protection of Its depositors. The reason given is that sufficient cash to meet a run that was considered inevitable after the suspension of yesterday of the First National Bank at Victor con d be m sed at once. Secretary Small of the company announces that the deposits are $250,000 and the assets $450,000.


Article from The Times Dispatch, November 6, 1903

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Article Text

COMPANY SOLVENT, BUT FEARED RUN (By Associated Press.) PUEBLO, COL., Nov. 5.-The Puebla Title and Trust Company did not open to-day, the managers being in fear of a run. E. P. Shrone, of Colorado Springs, to whom an assignment was made, stated to-day that the Title and Trust Company is perfectly solvent and can pay all demands within thirty days. The bank's deposits are about $250,000, including the accounts of a large number of working men. The assets are said to be about $450,000.


Article from The Savannah Morning News, November 6, 1903

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Article Text

ANOTHER DIDN'T OPEN. Pueblo, Col., Nov. 5.-The Pueblo Title and Trust Company did not open to-day, the managers being in fear of a run. E. P. Shrone of Colorado Springs, to whom an assignment was made, stated to-day that the title and trust company is perfectly solvent and can pay all demands within thirty days. The bank's deposits are about $250,000, including the accounts of a large number of workingmen. The assets are said to be about $450,000.


Article from Daily Kennebec Journal, November 6, 1903

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Article Text

The Pueblo Title and Trust Co. of Pueblo, Col., the principal stockholders in which is the Wood's Investment Co., has anounced a voluntary assignment for the protection of its depositors. The reason given is that sufficient cash to meet a run that was considered inevitable after the suspension of Wednesday, of the First National Bank at Victor, could not be raised at once. Sec. Small of the company, anounces that the deposits are 2$50,000 and the assets $450,000.


Article from The Barre Daily Times, November 6, 1903

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Article Text

A Colorado Trust Company Suspends. Pueblo, Colo., Nov. 6.-The Pueblo Title and Trust company of this city, the principal stockholder in which is the Woods Investment company, has announced a voluntary assignment for the protection of its depositors. The reason given is that sufficient cash to meet a run that was considered inevitable after the suspension of the First National bank at Victor could not be raised at once. Secretary Small of the company announces that the deposits are $250,000 and the assets $450,000.


Article from The Indianapolis Journal, November 6, 1903

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Article Text

Assignment at Pueblo. PUEBLO, Col., Nov. 5.-An assignment has been made by the Pueblo Title and Trust Company to E. P. Shove, of Colorado Springs. The bank did not open to-day, the managers being in fear of a run. Mr. Shove, in examining the condition of the assets, stated to-day that the Title and Trust Company is perfectly solvent and can pay all demands within thirty days. The bank's deposits are about $250,000, including the accounts of a large number of workingmen, The assets are stated to be About $450,000.


Article from The Salt Lake Herald, November 6, 1903

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Article Text

SAID TO BE SOLVENT. Pueblo Title & Trust Company Closes Its Doors. Pueblo, Colo., Nov. 5.-As a consequence of the failure yesterday of the First National bank of Victor, Colo., the Pueblo Title & Trust company. capital $250,000, did not open for business today. The trust company is controlled by the Woods Investment company, which also owned the Victor institution. An assignment has been made by the Pueblo Title & Trust company to E. P. Shove of Colorado Springs, The bank did not open today, the managers being in fear of a run. Mr. Shove, after examining the condition of the assets, stated today that the Title & Trust company is perfectly solvent and can pay all demands within thirty days. The bank's deposits are about $250,000, including the accounts of a large number of workingmen. The assets are stated to be about $450,000.


Article from The Labor World, November 7, 1903

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Article Text

TRUST CO. FAILS. PUEBLO, Colo., Nov. 4.-The Pueblo Title and Trust company, of this city, the principal stockholder in which is the Woods Investment company, has announced a voluntary assignment for the protection of its depositors. The reason given is that sufficient cash to meet a run that was considered inevitable after the suspension of the First National bank at Victor, could not be raised at once.


Article from The Semi-Weekly Messenger, November 10, 1903

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Bank Failures in Colorado. Cripple Creeek. Colo.. November 5.The Bimetallic Bank of Cripple Creek failed to open its doors today. The Bimetallic is a state bank. capitalized at $100,000 and its deposits aggregate about $220,000. City Treasurer A. G. Johns, assistant cashier of the bank said: "The cause of the failure to open our doors is the heavy decline in mining and real estate, I believe we will be able to pay dollar for dollar but we must have time." In consequence of the closing of the Bimetallic bank a run was started on the Colorado Banking and Trust Company, an allied institution. Hundreds were in line during the afternoon. "The company is in good condition," said James F. Hadley, who is president of both the trust company and the bank, "and will not be affected by the closing of the bank. We have only about $50,000 on deposit subject to withdrawal." Pueblo, Colo., November 5.-The Pueblo Title and Trust Company did not open today, the managers being in fear of a run. E. P. Shrone. of Colorado Springs to whom an assignment was made, stated today that The Title and Trust Company is perfectly solvent and can pay all demands within 30 days. The banks deposits are about $250,000 including the accounts of a large number of working men. The assets are said to be about $450.000.


Article from The Indicator, February 20, 1904

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BANK PAID 50 PER CFNT As foretold exclusively in the INDICATOR of last week, the suspended Pueblo Title & Trust Co. bank on Monday received an order from the ) court to pay off 50 per cent of all claims properly filed by creditors, and on Tuesday such payments begun under direction of Assignee E. P. Shove. No definite knowledge can yet be given as to when the remaining 50 per cent will be paid, but much of it depends upon when the $75,000 traction bonds can be sold. After paying off the first dividend there will be some $15,000 left in the tressury, and should the traction bonds be sold the bank would borrow the difference and pay off in full.


Article from The Indicator, May 7, 1904

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BANK PAYS A DIVIDEND The Pueblo Title & Trust Co bank, suspended, will pay a 25 per cent dividend on all deposits the 9th inst, which means that upwards of $60,000 will be let loose in the city, $10,000 of which comes to Bessemer, as the Bessemer branch had $40,000 on deposit when the bank quit buse iness. Assignee E. P. Shove thinks that the remaining 25 per cent can be gotten together within a reasonable length of time.


Article from The Indicator, May 14, 1904

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PAYS GOOD DIVIDEND The Pueblo Title & Trust Co bank which closed its doors on the 5th day of November last, on Monday paid out a 25 per cent dividend on the original amounts of deposits. When the bank suspended it had $261,000 on deposit. Of this amount 50 per cent was paid on February 16 and now with a second dividend of 25 per cent there remains unpaid only 25 per cent and this will be made good before long. The predictions of the hopeful are coming true and all are glad of it.


Article from The Logan Republican, November 26, 1904

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NORTHWEST NOTES. Ed Tucholkes was killed by falling in a well at Courtney, four miles north of Oregon City, Ore., while walking in his sleep. Butte was treated to the first snow storm of the season on the 18th. There was an inch at Woodville. It snowed heavily in the mountains. The Masonic Veteran association of the Pacific coast has decided to hold its twenty-seventh annual session it Portland during the Lewis and Clark exposition. About 1.000 men have been thrown out of employment at Butte as the result of the closing down of the Origianal and Parrot mines. The mines will be idle for about three weeks. The coroner's jury that inquired into the Union Pacific wreck at Azusa siding, near Granger, Wyoming, in its verdict, holds the operator and freight crew responsible for the collision. Mrs. James Tetor. 74 years of age, and a well-known citzen, was drowned in Lake Union, says a Seattle dispatch. Her friends have been unable to decide whether death was by accident or suicide. One man is dead and three others are seriously injured as the result of a fire which destroyed the tar plant of the Denver Gas & Electric company. The property loss is estimated at $25,000. Two masked bandits entered Charles Edwards' saloon and gambling house in Thermopolis, Wyo., lined all the dealers and players against the wall and secured all the money and valuables in the place. Ten men, with their faces blackened, killed 200 head of sheep belonging to an Oregon man, while the band was ranging just over the Nevada line. The sheepherders declare the men were cattlemen disguised. The organization of the Flathead Valley Railway company has been effected. The Flathead valley will have system of electric lines radiating from Kalispell and connecting with a number of northern Montana towns. Warren Hulbert was accidentally shot and killed by Earl Hartman of Thompson Falls, Mont., a companion, while the two were hunting rabbits. Young Hartman, it is said, turned the gun upon his playmate in a spirit of fun. The Pueblo Title & Trust company announces that it is ready to make its last payment in full of all liabilities, 75 per cent of which have already been paid. The failure occurred 18 months ago, the total liabilties amounting to $350,000. Election bets are rapidly being paid off at the Butte pool rooms. One day last week $40,000 was handed over to the winners at the Butte hotel pool rooms, on national, state and county wagers. At the Montana club over $10,000 was paid over, one man drawing down $6,000 on wagers on local candidates. A temporary' restraining order to prevent the issuing of tax sale deeds on non-producing mining properties in the Cripple Creek district has been is. sued. The constitutionality of the Tel1er county assessment of 1900, from which the tax sales resulted, is in litigation. The properties of 215 Cripple Creek mining companies are involved. A bold attempt to rob the bank at Blaine, Wash., was frustrated by the president and cashier of the bank, who discovered two men in hiding in a closet in the bank building. One of the men, a well known character around town, was captured. A man by the name of Dalton, who had been working in a sawmill east of Kalispell, was killed in a peculiar manner. He was running the "end trimmer saw," and while sawing a board It stuck and flew back, striking him in the stomach, killing him. Two bodies were taken from a wrecked freight train near Salida, Colo., which proved to be two men who belonged to prominent families in the east. They had become short of funds and endeavored to steal a ride and were killed in the wreck. William Perkins, better known as "Moceasin Bill." is dead on a ranch near Montrose, Colo. He was about 80 years of age. He came to Colorado in 1860 as a government scout to watch the movements of the Indians. He was a famous bear hunter. Governor Toole of Montana has granted a pardon to Thomas Walsh, who was convicted of murder in the second degree for the killing of a man in Valley county some years ago.