Silver City National Bank (Silver City, NM)

Episode Information

Episode UID
353901493
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
35390 national
Charter Number
3539
Start Date
May 14, 1924
Location
Silver City, New Mexico (32.770, -108.280)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a5cffd3b56d8aeca

Response Measures

None

Receivership Details

Depositor recovery rate
50.0%
Date receivership started
1924-05-14
Date receivership terminated
1925-04-30
OCC cause of failure
Economic conditions
Share of assets assessed as good
19.3%
Share of assets assessed as doubtful
31.0%
Share of assets assessed as worthless
49.7%

Description

Articles (1898โ€“1900) describe the bank as defunct and in hands of the comptroller, which conflicts with the provided official receivership date (1924-05-14).

Events (3)

1. July 22, 1886 Chartered
Source
historical_nic
2. May 14, 1924 Receivership
Source
historical_nic
3. May 14, 1924 Receivership
Newspaper Excerpt
Articles report the affairs of the defunct Silver City bank in the hands of the comptroller of the currency for final settlement and later dividends declared by the comptroller of the currency in favor of creditors; this conflicts with the official receivership date provided (1924-05-14).
Source
newspapers

Newspaper Articles (2)

Article from Albuquerque Daily Citizen, July 14, 1898

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Article Text

SILVER CITY. From the Independent. The cattle shipments from New Mexico since the first of the year show a decrease of about 60,000 head from the figures for the same period in 1897. The Independent has information to the effect that E L. Foster is no longer receiver for the defunct Silver City and Deming banks, but that he has resigned, and that the affairs of the two institutions are in the hands of the comptroller of the currency at Washington for final settlement. The suit of the county against the Atchison, Topeka & Santa Fe company, for the purpose of testing the legality of the judgment levies, will be disposed of in the district court by consent of the parties in time to be taken up to the next term of the supreme court, which convenes on the 25th inst. Mrs. Gurdeon Bradley, whose condition has been 80 serious for the past three months that her life has several times been despaired of, is reported as much better and on a fair road to ultimate recovery. This will be glad news to the lady's many friends. The Independent's Lordsburg correspondent writes: Word reached town Friday that J. D. Weem's store at Separ had been held up again. From an eye wit ness the following particulars were learned: About sundown Friday a lone horseman-apparently a cowboy-riding a good horse belonging to the San Simon Cattle company, rode up to the store and in the usual way proceeded to business. After relieving those present of their money-about $50 in all-he rode away, going in the direction of Silver City, The man was a stranger, and no good description of him could be obtained.


Article from Santa Fe New Mexican, October 25, 1900

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Article Text

OFFICIAL MATTERS. POSTMASTER APPOINTED H. C. McReery has been app postmaster at Cooney, Socorro c rice Laura McKeen, resigned. TERRITORIAL FUNDS. Territorial Treasurer J. H. V received from H. O. Bursur perintendent of the penitentiary, be credited to the convicts' e fund. NOTARIES PUBLIC APPOINT Governor Otero today appoint Irew W. Weist of Cabra, San 1 county, and Morris Back of Mora county, notaries public. INDIAN SCHOOL APPOINTM J. Russell Elliott, of New Lan Kan., has been appointed ind eacher of the Little Water sch he Navajo reservation in New M $600 a year. ANOTHER DIVIDEND. The comptroller of the curreno declared a third dividend of 10 pe favor of the creditors of the National Bank of Silver City, n all 50 per cent on claims p amounting to $68,704. INDIAN SCHOOL RECOMME TIONS. Miss Estelle Reel, superintend Indian schools, in her annual rep the commissioner of Indian affair cusses conditions at a number of S which she visited during the pas most of them being in Colorado, and New Mexico. Of the sch this territory she says: "Santa Fe School-A decide provement is noticeable in the trial features of this school over of last year. The teaching of irrt is very important in this section, order to raise anything in the p in the vicinity, the land must 1 gated. "Albuquerque School-This sc in a generally satisfactory condi would like to see better facilit the teaching of blacksmithing ai work at this school. The harne shoe shops were doing satis work, and the sewing departme unusually good. I found in this ment three or four times as mar learning practical work in mendi sewing as is the case in many schools." DEAF AND MUTE CHILDR Hon. Benjamin M. Read, secre the board of trustees of the New asylum for the deaf and dumb, is ceipt of the official list of the de mute children in New Mexico of age, from 8 to 21 years. The II compiled under the direction of rector of the census at the inst the board of trustees of the asylu total number of these children b 8 and 21 years is eighty-three, of number fifty-nine are males and ty-four females. This number i three blind children, who cannot the present law, be admitted to t lum. There are several others blind and deaf. of younger age. are the only official statistics et tained on the subject, and the b trustees can now present intell the true condition of the asylu at the same time make such ju and equitable disposition of the moneys appropriated for this rious work. It is strange that wi number of deaf and mute child deaf and dumb school has nev an enrollment of over 138 childr cluding blind children and India the figures obtained from the bureau the Indian children wl deaf and mute are not included. SPANISH WAR VETERAN Many inquiries have been ma cently from New Mexico and commonwealths at the pension o to the status of claims filed for p by soldiers of the Spanish-An war. Commissioner Evans say the bureau scarcely had time to I to all the inquiries, but that the were being adjudicated as rap possible. He added that some claims had been delayed by th culty in obtaining the necessary records at the war department. had been filed 34,000 claims on a of the Spanish-American war Monday morning, October 22. have been made for evidence in 3 these claims. Medical examin have been ordered by this bur 23,224 claims. The difference b the number of claims filed and th ber of medical examinations o practically represents the num widows' and dependents' claim 927 of these claims have been