Maverick Bank (Douglas, WY)

Episode Information

Episode UID
4116792091057
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
411679209 hash
Start Date
January 7, 1888
Location
Douglas, Wyoming (42.760, -105.382)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d798419e2896077d

Response Measures

None

Description

Some articles spell Douglas as 'Douglass' (OCR/newspaper variation).

Events (2)
1. January 7, 1888 Receivership
Newspaper Excerpt
The Maverick Bank assigned to-day. Alexander T. Butler and Charles D. Broadbeck are the assignees.
Source
newspapers
2. January 7, 1888 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Inability to collect outstanding debts; assets said to exceed liabilities but illiquid mortgages and securities.
Newspaper Excerpt
The Maverick bank, of Douglas, Albany county, closed its doors yesterday morning.
Source
newspapers

Newspaper Articles (11)
1. January 8, 1888 New-York Tribune New York, NY
Article from New-York Tribune, January 8, 1888

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Article Text

EMBARRASSMENTS IN BUSINESS. CHICAGO, Jan. 7.-A dispatch to The Daily News from Douglas, Wyoming, says: The Maverick Bank assigned to-day. Alexander T. Butler and Charles D. Broadbeck are the assignees. The cause is inability to collect outstanding debts. The assets are said to exceed the liabilities. The institution was largely patronized by cattle men." PITTSBURG, Jan. 7.-The Baden Gas Company is de elared to be insolvent. Kuox & Reed, counsel for W. P Redgers. receiver of the Baden Gas Company. to-day made am application in court for the sale of the framchises and effects of that company. He says that it will be necessary to convert the property of the company into cash. The court was asked to direct the recriver's future course by a suitable order upon the ap. pileation. MEMPHIS, Jan. 7.-M. Goodman & Co., retail jewellers, were closed to-day by attachments amounting to $9,000. Their liabilities are placed at $20,000; assets are about $10,000.

2. January 8, 1888 Seattle Daily Post-Intelligencer Seattle, WA
Article from Seattle Daily Post-Intelligencer, January 8, 1888

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Article Text

(Maverick Bank Assigned. CHICAGO, Jan. 7.-A special to the Daily News, from Douglas, Wyoming, says that the Maveriok bank assigned today. Alexander T. Batler and Ohas. D. Broadbeek are the asignees. The cause is said to be an inability to collect outstanding debts. The sebeta are said to exceed the liabilities. The institu tion was largely patronized by cattlemen.

3. January 8, 1888 The Cheyenne Daily Leader Cheyenne, WY
Article from The Cheyenne Daily Leader, January 8, 1888

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Article Text

A DEAD MAVERICK The Maverick Bank of Donglas Closes Its Doors. The Maverick bank, of Douglas, Albany county, closed its doors yesterday morning. A. T. Butler and Chas T. Broadbeck are the assignees. The suspension was not unexpected and very few people will be distressed, as the deposits did not exceed $6,000. The institution was a private concern, owned chiefly by Mayor Garver. the cashier. The First National, the surviving bank, is regarded here as a sound financial institution, being managed by Richards Bros. and backed by Northwestern officials. Those best informed state that it was simply a case of too sharp competition, one bank being quite sufficient for the town. Garver, who is regarded as a man of great integrity, declares that those interested will lose nothing.

4. January 8, 1888 The Palatka Daily News Palatka, FL
Article from The Palatka Daily News, January 8, 1888

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Article Text

CONDENSED DISPATCHES. Reuben Crawford, for many years chief inspector of the United States Revenue Department for North Carolina, East Tennessee and Northern Georgia, but more recently in charge of a more extensive field, with headquarters at Cincinnati, died in this city to-day, after a brief illness The National Bank of Greenville, S. C., has been designated as a depository of public moneys. A fire at Louisa Court House, Va., last night, resulted in the destruction of twenty-one out of twenty-four business houses and shops in the town. The new hotel recently erected by R. P. Cammack escaped the flames. The burned district did not embrace the residence portion of the town and not more than a dozen families lived in the houses burned. The Maverick Bank, at Douglas, Wyoming, has assigned. The cause is said to be inability to collect outstanding debts. The assets are said to exceed the liabilities.

5. January 8, 1888 The Morning News Savannah, GA
Article from The Morning News, January 8, 1888

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Article Text

A Bank in Trouble. CHICAGO, Jan. 7.-A special to the Daily News from Douglas, Wyo., says: "The Maverick Bank assigned to-day. Alexander T. Butler and Charles D. Broadbeck are the assignees. The cause is said to be an inability to collect outstanding debts. The assets are said to exceed the liabilities. The institution was largely patronized by cattlemen."

6. January 8, 1888 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, January 8, 1888

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Article Text

Bank Failure. [By telegraph to the Dispatch.] CHICAGO, January 7.-A special to the Daily News from Douglas, Wyoming, says: The Maverick Bank assigned to-day. Alexander T. Butler and Charles D. Broadbeck are assignees. The cause is said to be an inability to collect outstanding debts. The assets are said to exceed the liabilities. The institution was largely patronized by cattle-men.

7. January 11, 1888 The River Press Fort Benton, MT
Article from The River Press, January 11, 1888

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Article Text

The Maverick Bank Assigns. CHICAGO, January 7.-A special to the Daily News from Douglass, Wyo., says: The Maverick Bank assigned to-day to A. L. Butler and Chas. D. Broadbreck. The cause is said to be inabili,y to collect outstanding debts. The assets are said to exceed the liabilities. The institution was largely patronized by cattle men.

8. January 11, 1888 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, January 11, 1888

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Article Text

Cattlemen's Bank in Trouble. CHICAGO, January 8.-A special to the Daily News from Douglas, Wyoming, says: The Maverick bank, assigned today to Alexander T. Butler and Charles D. Broadbeck. The cause is said to be inability to collect outstanding debts. The assets are said to exceed the liabilities. The institution was largely patronized by cattlemen.

9. January 11, 1888 Butte Semi-Weekly Miner Butte, MT
Article from Butte Semi-Weekly Miner, January 11, 1888

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Article Text

The Maverick Bank Assigns. CHICAGO, January 7.-A special to the Daily News from Douglas, Wyoming, says: The Maverick Bank assigned to-day. Alexander T. Butler and Charles D. Broadbeck are the assignees. The cause is said to be inability to collect outstandings. The assets are said to exceed the liabilities. The institution was largely patronized by cattlemen.

10. January 11, 1888 The Bozeman Weekly Chronicle Bozeman, MT
Article from The Bozeman Weekly Chronicle, January 11, 1888

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Article Text

Latest News. Secretary Lamar tendered to the President his resignation as Secretary of the Interior, and it was accepted by the President. His formal resignation it is understood, will not go into effect until noon of Tuesday next. An effort will probably be made by some Senators not members of the judiciary committee to reach an understanding in the Lamar case should the committee not act upon it. Many, even of those who will oppose confirmation, are becoming tired of the necessity of receiving and answering letters of inquiry and letters of advice on the subject and wish to have the matter out of the way. Gen. Alfred Terry is seriously ill at the Grand Hotel in New York. He is in about the same condition that Secretary Manning was in for a long time. A special to the Daily News from Douglas, Wyoming, says: The Maverick bank assigned to-day. Alexander T. Butler and Chas. D Broadbeck are the assignees. The cause is said to be an inability to collect outstanding debts. The -assets are said to exceed the liabilities. The institution was largely patronized by cattlemen. 8 A Helena special to the Pioneer Press 1 says: No reliable returns have been received as to the condition of stock throughout Eastern Montana and stockmen are somewhat uneasy. A fortnight of inclement weather would result in y f serious losses. The thermometer ranges from 14 to 24 below zero with an average b e of a foot of snow on the ground. e It is not expected that any measure of r great public interest will come before e house of representatives for action this y week. A great many bills introduced c last Wednesday have not yet been printh ed and the more important committees it of the house have as yet little to consider S and nothing to report. Judge Kreckel, in the United States Circuit Court, rendered a decision t, of importance to cattle man. The case was one of which Charles C. Hudson, b had shipped 378 steers from Bennington, 1 Kansas, with orders to have them in g the Kansas City stock yards the next S day, in time for the markets. The Unin on Pacific railroad failed to do this and n the cattle were sold the next day, when h the market was dull, at a loss of $766. Hudson sued and recovered the money. Judge Krecker's decision to-day was in e the form of a refusal to grant the motion r for a new trial. : The silver bar shipment of Butte for 1the past year foots up to 3,752 bars, e weighing almost 200 tons, and vulued at e $5.943,608. t

11. January 18, 1888 Sturgis Advertiser Sturgis, SD
Article from Sturgis Advertiser, January 18, 1888

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Article Text

Another proof of the statements made by the ADVERTISER a few weeks ago concerning the towns established by the town lot company is that 90 per cent. of the failures that have occurred within the past two years in the west along the line of this road have been in the towns controlled by the town. lot company. Among the recent failures are: the suspension of the Gordon Press and the assignment of a large dry goods and grocery firm at the same place; the failure of a commission and produce dealer and the Maverick bank at Douglas, Wyoming. The bank closed its doors on account of being unable to realize on its securities. Their assets consist of mortgages on, Douglas property, and they cannot realize 25 cents on the dollar. The amount represented by the mortgages would purchase the whole township in which Douglas is situated. True is, the best towns along the railroad are those not controlled or boomed by the town lot company. Mrs. Smith, the mother of Ed. Smith, who killed Jerry Clancey, was in town on Tuesday. Mrs, Smith came to the Hills from her eastern home to stay with her son until after his trial, hoping to clear him of the charge of murder laid against him. She has labored hard in the matter, and for her sake, all hope the prisoner will be dealt with as leniently as possible. No one knows; no one can know, the awful agony and anguish a mother passes through owing to the conduct of a wayward son. All may turn away from a man when in trouble. Brothers, sisters, even fathers may steel themselves-nguinst one," but a mother, with a heart filled with that indefinable, subtle mother-love, will follow her erring boy through fire, plague and crime, and when the world seems almost crashing him will stand noblysat his side and bear his burdens for him. We earnestly hope that for the sake of the loving mother. the blow, now almost descending upon the culprit, may be turned aside,-hoping that this terrible experience may be a stern lesson to him that in after life he will profit by. Hnron has a coal find. A shaft has been sunk exposhigen good vein of fine quality. The Wyoming legislature is republican by two majority on joint ballot. Building Material. D. C. Comstock has 100,000 brick ready for delivery. They are made of the best clay and are well burned, making the finest and most durable brick ever made in the country.