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APPOINTED BANK RECEIVER David Cowan, who has been federal examiner of receivers, has been ap. pointed receiver of the First National bank of Las Vegas, N. M., according to letter received yesterday by A. H. Denton, receiver of the City National bank Mr. Cowan has frequently visited EH Paso in the last few months.
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TWO STATE BANKS CLOSE IN EAST LAS VEGAS, N. M. Suspension Follows Failure of First National in June-Only One Bank Left. By the Associated Press. EAST LAS VEGAS, N. Mex., August 21.-Two banks, both State institutions, closed here yesterday. The Peoples' Bank and Trust Co., incorporated at $100,000, failed to open and is in the hands of the State bank examiner. The Las Vegas State Bank, an affiliated institution. closed voluntarily, on advice of the bank examiner, for the protection of its depositors, officials of the bank announced. The closing followed the failure of the First National Bank of the city last June. This leaves only one bank in the city. The last statement of the Peoples' Bank and Trust Co., gives its resources as $668,113.72, and deposits as $331,825.34.
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BANK RECEIVER WANTS SALE OF CATTLE FOR TAXES TO BE STOPPED David Cowan, receiver for the First Natonal bank of Las Vegas, has filed an action in federal court to prevent the seizure by San Miguel county for taxes of 161 head of cattle belonging to E. E. Smith and on which the bank holds mortgage. Cowan alleges that the officers of the county are about to seize the cattle and sell them for back taxes.
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BANK RECEIVER GETS $10,000 JUDGMENT IN SUIT AGAINST NORMAL David Cowan. receiver of First National bank of Las given judgment against the board of regents the Normal University for federal court here The court that no tion issue for the the but that be collected any unexpected ceeds deficiency appropriations which may have been hereafter made
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OFFICIAL NOTES BANK RECEIVER SUES ON NOTES Suits been filed in the United States district David court by Cowan, receiver of the First National bank of Las Vegas, on alleged promissory notes. the first. asks judgment against Rossco Spriggs of Colfax county for and torney's fees, and in the other. judgment against Frank Zummack and Mary Zummack, his for interest and attorney's
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FEDERAL COURT NOTES District Judge Neblett today named Shettler, of Silver City. referee bankrupety vice Frank deceased. The counties are Dona Ana, Grant, Luna and Sierra. BANK RECEIVER ON NOTE Suit filed in the district clerk's office today by David Cowan. receiver of the First National bank Vegas, against Edward and note for PETITION OF NEIL GIBBS CRANTED District Judge Neblett today granted the of Nell Gibbs, matter the American Surety Silver City Beer and Ice allowed make proof of claim previously filed. Testimony will taken December The court also sustained motion Carmen Maxwell to dismiss cause failure the amended supplemental complaint to state action.
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BANK RECEIVER FILES AGAINST R. R. DEVINE ON ASSESSMENT FOR $1,500 Suit was filed in the office today by David the First National Las Vegas, an insolvent against Devine, asking ment for stock. The assessment was July of 1925. Attorney W. G. Ward, Vegas, represents plaintiff.
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DAVID COWAN, BANK RECEIVER, FORMERLY OF CITY, IS DEAD David Cowan. receiver for First National bank of Las Vegas, died Tuesday morning at thony's hospital in that city, learned here Tuesday Mr. Cowan had been pneumonia and had been the hospital for days. Apparently he had almost entirely He arose his and himself Monday. Tuesday morning about 6:30 taken with heart attack and suddenly. Mr. Cowan survived by two who reside in Baltimore, whom was with him when died: and daughter CaliforHe was about 60 years The body will be taken his former home in Baltimore burial. Mr. Cowan was well known here, heving lived in Albuquerque for some time, while acting receiver for the Citizens National Bank. He had been in government for many years. Mr. Cowan member of the buquerque lodge of the Elks.
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McKINNEY GOES TO AMARILLO FIRST NATL H. McKinney, for some time receiver of several failed national banks New Mexico including the First National and Carisbad Na tional this city was last week succeeded by Rawlings. tional bank receiver who for some time has had charge of the affairs the failed First National Las Vegas and Springer National Bank New Mr. Kinney was receiver for five failed national two Carlsbad and the Citizens National Roswell the First National Mountainair and the First National at Fort The new receiver liquidate the affairs of these five banks as well the two he in charge before the change mentioned was made The new ceiver will have offices at both Carlsbad and Las Vegas. The Carlsbad office during Mr. absence will in charge of Miss Frankie Mr McKinney resigned has gone to where will connected First National that city as in an active capacity for Mr. Fuquar, president of that bank.
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NEW BANK RECEIVER Carlsbad, N. M., April 17.—G. H. McKinney, for some time receiver of several defunct banks in New Mexico, including the First National and Carlsbad National, of this city, was last week succeeded by A. F. Rawlings, a national bank receiver who for some time has had charge of the affairs of the failed First National at Las Vegas, and Springer National bank, of Springer. Mr. McKinney was receiver for five national banks, two at Carlsbad and the Citizens National at Roswell, the First National at Mountainair and the First National at Fort Sumner.