Article Text
Albuquerque Bank Suspends. ALBUQUERQUE, N. M., July 3. -The Albuquerque National Bank suspended business today.
Albuquerque National Bank (Albuquerque, NM)
Episode Information
- Episode UID
322201123- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
-
32220national - Charter Number
- 3222
- 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
50c1d1d53b6afabb
Response Measures
None
Receivership Details
- Depositor recovery rate
- 100.0%
- Date receivership started
- 1893-08-11
- Date receivership terminated
- 1898-04-30
- OCC cause of failure
- Losses
- Share of assets assessed as good
- 44.5%
- Share of assets assessed as doubtful
- 50.3%
- Share of assets assessed as worthless
- 5.2%
Events (4)
1.
July 14, 1884
Chartered
- Source
- historical_nic
2.
July 3, 1893
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank suspended operations on July 3, 1893; comptroller notified and C.C. Hall placed in charge pending examiner.
- Newspaper Excerpt
- The Albuquerque National Bank suspended business today.
- Source
- newspapers
3.
August 11, 1893
Receivership
- Source
- historical_nic
4.
August 11, 1893
Receivership
- Newspaper Excerpt
- Mr. John W. Schofield of Santa Fe has been appointed receiver of the Albuquerque National Bank of Albuquerque, N. M.
- Source
- newspapers
Newspaper Articles (22)
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An Albuquerque Bank Suspends. Albuquerque, N. M., July 3.-The Albuquerque National bank suspended this morning.
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Two Bank Failures. ALBUQUERQUE, N. M., July 3.-The Albuquerque National Bank suspended this morning, GOLDEN, Colo., July 3.-The McPher. son County Bank this morning made an assignment for the benefit of its credi. tors. No statement as to assets and liabilities has 80 far been made public
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NEWS IN A NUTSHELL. Items of Interest Gathered From All Parts of the World. More outbreaks against the Christian missionaries are reported in China. The First National bank of Winnipeg suspended. It will pay out and resume. A fire in the cafe in Fish, Joseph & Company's dry goods store, Chicago, did $100,000 damages. The Albuquerque National bank has closed its doors. It will pay depositors in full and resume. John Sontag, the famous California bandit, died in jail at Fresno, Cal., from injuries received in a fight with officers at Stone Corral a few days ago. Henry Starr and "Kid" Wilson, members of the notorious Starr gang, were captured at Colorado Springs; also Mrs. Starr, who had almost $2,000 in gold. The rails spread under a Big Four freight train" just entering the yards at Delaware, O. Four cars were piled in a wreck and completely demolished. No one was hurt. As to the length of the extra session of congress some members who want to go to the world's fair expect a recess, while others believe the session will be continuous until next summer. The Knights of Pythias of Ashtabula, O., are endeavoring to raise a fund to build a monument to the memory of the unrecognized dead in the railroad disaster on the Lake Shore and Michigan Southern railroad near Ashtabula, Dec. 29, 1876. Over 90 bodies were not found or could not be recognized
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The Albaquerque National Comptroller Eckles was wired of the bank's suspension. He telegraphed an order placing C. C. Hall in charge, with instructions as to the shaping of affairs until an examiner can get here. This will probably be in a day ortwo.-Times.
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Several of our Kingman people had I | deposite in the suspended Albuquerque National Bank, but they will not lose a dollar by the suspension
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The treasurer of Coconino has $7,364.47 of county funds deposited in the Albuquerque National Bank, recently suspended, and the board of supervisors has given him until September 30 to settle, by which time it is believed the bank will again be open and the money released.
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COCONINO county has $7,000 of her funds tied up in the suspended Albuquerque National Bank.
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Bank Receiver. J. E. Saint is circulating a petition at Albuquerque, addressed to the comptroller of the currency, which is being generally signed by depositors, asking that C.C. Hall be appointed receiver for the Albuquerque National bank. It is said that the comptroller has already made a favorable proposition to the bank to reopen for business.
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The treasurer of Coconino had $7,364.47 of county funds deposited in the Albuquerque National Bank. recently suspended, and the board of supervisors has given him until September 30 to settle by which time it is beliaved the bank will again be open and the money released.
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# Albuquerque Bank Receiver. Mr. John W. Schofield of Santa Fe has been appointed receiver of the Albuquerque National Bank of Albuquerque, N. M.
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A Bank Wreeker. It is rumored that Wm. Eads, a real dent of Carrolton, Mo., formerly & cent per cent. money shark at Las Vegas, has been appointed receiver of the Albuquer que National bank. Eads is a skinfist and will get for himself all that be can make out of the bank and leave the concero BO hopelessly wrecked that it will be hard to find where the vault stood.
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SAYS the Albuquerque Citizen It is rumored that Wm. Eads, a resident of Carrolton, Mo., formerly a cent per cent money shark at Las Vegas, has been appointed receiver of the Albuquerque National bank. Eads is a skinflint and will get for himself all that he can make out of the bank and leave the concern so hopelessly wrecked that it will be hard to find where the vault stood.
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Good Melection. John W. Schofield, of Santa Fe, has r deived the appointment of receiver of the Albuquerque National bank. Mr. Schotleld 18 well qualified to discharge the duties of the position, and will close up the businass of the bank to the en tire satisfaction of the depositors and stockholders He 18 well known here, and will make A useful citizen
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Northern Arizona business men who deposited in the suspended Albuquerque National Bank are beginning to be apprehensive about their money. At first it was promised that the bank would resume in a short time, but a receiver has been appointed and the prospect for resumption seems very remote.-Arizola Oasis.
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Chas. Newhall, late book-keeper in the Albuquerque National Bank, has been designated by the Comptroller of the Currency to serve as book-keeper under Receiver J. W. Schofield.-Citizen.
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The board of supervisors of Coconino has ordered suit against the bondsmen of County Treasurer Cornish to recover $7,364.47, the amount short in the treaspry that was deposited in the Albuquerque National bank when that institution suspended in June.
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Paper House Closed. ALBUQUERQUE, N. M., Feb. 20.-The book and paper house of Bullock, Brighton & Co., the largest of its kind in New Mexico, was closed under attachments served by the receivers of the suspended Albuquerque National and New Mexico Savings bank, amounting in all to $29,000.
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Frank Graham, a cattle raiser of Magdalena, arrived in this city last night, en route to Denver, with about 400 head of cattle. Mr. Graham owes the Albuquerque National Bank about $4,800, and Receiver Schofield was on guard, the movements watching of the cattle and the receiver, after arranging certain matters, sent along with the cattle his clerk Charles Newhail.-Alb. Citizen.
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Albuquerque Creditors Paid. ALBUQUERQUE, N. MEX., Jan. 28.The Albuquerque National Bank, with a capital of $175,000, which failed July 3, 1893, with liabilities of $305,200, has paid its creditors in full, the receiver now paying a dividend of 25 per cent, making 100 per cent in all. The funds were collected from the assets and an assessment of $46 per share on the stockholders.
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The Albuquerque National Bank liquidates the total indebteduess of that institution and the receiver will be discharged by the court in a few days. Settlements of accounts were to have been made yesterday.
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DISTRICT COURT. Several Important Cases Disposed of by His Honor. The case of Jesse S. Gale and Walter J. Farr vs. Raimundo Salas was tried here this morning on a charge of venue from Valencia county. The testimony showed that the plaintiffs purchased several hundred head of sheep in Socorro county which were to be delivered at Lamy Junction by the defendant. When the shipment arrived in Lamy a number of sheep were missing and the plaintiffs brought a replevin suit against Salas for that number. A judgment was found and the defendant requested to deliver the missing sheep or refund the money paid for them to the plaintiff. B. S. Rodey represented the defendant and E. V. Chavez appeared for the plaintiff. The question of the allowance of the indebtedness against the bankrupt. J. A. Johnson. came up on a petition for a review of the findings of the exceptions of the allowance of the referee, B. S. Rodey, on a note of $7,000. The main point made by the petition for a review was whether the statute of limitations had run as to the $7,000 note. B. F. Adams represented J. A. Johnson. and A. B. McMillen appeared for the agent of the stockholders of the defunct A1buquerque National bank, while Johnston & Finical looked out for the interests of the receiver of the New Mexico Savings Bank and Trust company.