Article Text
In Charge of an Examiner. Acting Controller of the Currency Coffin is informed that the American National Bank of Denver suspended payment this morning and was in charge of Bank Examiner Hill.
American National Bank (Denver, CO)
Episode Information
- Episode UID
415901156- Episode Type
- Run → Suspension → Reopening
- Bank Type
- national
- Bank ID
-
41590national - Charter Number
- 4159
- Start Date
- April 20, 1896
- Location
- Denver, Colorado (39.739, -104.985)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
48510f258dffc4e9
Response Measures
Capital injected, Full suspension, Books examined
Other: A temporary receiver (Joseph T. Talbert) was appointed by the Comptroller to protect assets while efforts to resume were continued; depositors formed a committee to examine affairs and a plan was adopted to pay 10% cash and issue notes for the remainder (4% interest).
Receivership Details
- Date receivership started
- 1896-07-25
- Date receivership terminated
- 1897-01-07
- OCC cause of failure
- Losses
Description
Temporary receiver appointed July 25, 1896, but bank later permitted to reopen Jan 7, 1897.
Events (8)
1.
November 13, 1889
Chartered
- Source
- historical_nic
2.
April 20, 1896
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Large withdrawals ($200,000) over April 20-21 indicating loss of depositor confidence and liquidity strain.
- Measures
- Directors suspended payments to protect creditors; stockholders discussed plans to raise funds to pay depositors.
- Newspaper Excerpt
- The withdrawal of money from the bank on Monday and Tuesday amounted to over $200,000.
- Source
- newspapers
3.
April 21, 1896
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Directors suspended after heavy withdrawals and perceived need to protect creditors; closure of doors April 21.
- Newspaper Excerpt
- the American National bank of Denver suspended payment this morning
- Source
- newspapers
4.
July 25, 1896
Receivership
- Source
- historical_nic
5.
July 25, 1896
Receivership
- Newspaper Excerpt
- Acting Comptroller Coffin has appointed Joseph T. Talbert temporary receiver of the American National Bank of Denver, Col.; examiner ... in charge of the bank since its suspension, has been appointed temporary receiver of the bank.
- Source
- newspapers
6.
January 7, 1897
Reopening
- Newspaper Excerpt
- The American National Bank, of Denver, which suspended April 21, 1896, was today permitted to reopen its doors for business as an active national banking institution.
- Source
- newspapers
7.
January 7, 1897
Restored To Solvency
- Source
- historical_nic
8.
April 1, 1899
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (20)
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Article Text
DENVER BANK FAILURE. The American National Closed Its Doors Yesterday. The American National bank of Denver closed its doors yesterday. It is said that all its liabilities will be settled in full. The following strong statment of its condition is made: RESOURCES. Cash and exchange, $70,300: bills received, $1,078,000; stock and securities, $265,435; real estate, $136,590; excess on circulation, $22,000; total, $1,572,325. LIABILITIES. Individual deposits, $530,712: demand deposits, $28,698; time deposits, $66,297; banks, $97,024: borrowed money, $142,500; total, $865,231. Besides the resources of $1,572,325 shown above, there are $500,000 of assets in the shape of notes set aside for the reduction of capital. Besides this the bank owns one-fifth interest in the Strong mine, which was obtained through a collection of a debt of the bank. The withdrawal of money from the bank on Monday and Tuesday amounted to over $200,000. and the directors thought it best to suspend. as It was only a question of time when that course would be necessary. This course was taken in justice to all the creditors of the bank.
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BRIEF BITS OF NEWS. The American National bank of Den. ver has decided to liq uidate. The Mason & Davis Co., Chicago, manufacturers of stoves and ranges, has failed. Assets, $73,000; liabilities, $107,000. The Hurlbut Manufacturing company of Racine, Wis., made an assignment to Edward Gillen, who gave bond for $40,000. Rabbi Joseph Vastor of the Jewish congregation in Dubuque, who was terribly beaten by tonghs, will probably recover. The Weyerhaeuser syndicate, it is reported, will secure all the Wright and Davis stumpage and logging road interests in Northern Minnesota. The piano firm of Crawford, Ebersole and Smith, Cincinnati, has assigned to D. D. Woodmansee. The liabilities are estimated at $800,000; assets $1,000,000. Tinford C. Byles, who was foreman of the jury that tried H. H. Holmes for the murder of B. F. Pietzel, was killed by electricity at Philadelphia, and his son received injuries that will probably result fatally.
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Bank May Resume., Denver. Col., April 24.-The leading stockholders or the American National Bank are discussing a plan of resumption. It is proposed to raise money to pay off all depositors and place the bank on a sound foundation once more. If this be done the appointment of a receiver will be obviated. The closing of the bank has not caused any business failures.
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To Pay OR Creditors. Denver, Col., April 24.-Leading stockholders of the American National bank are discussing a plan of resumption. It is proposed to raise money to pay off all depositors and place the bank on a sound foundation once more. If this be done the appointment of a receiver will be obviated. The closing of the bank has not caused any busi-
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SHORT NEWS STORIES. AURORA, Ill-General Meholas Greusel, veteran of the Mexican war and a hero of Stone river, Corinth and Murfreesboro, died at his home in this city of cancer. DETROIT. Mich.-A whaleback barge, coal-laden, was sunk in a collision with a steamer in Lake St. Claire. HUNTINGTON, W. Va.-The Hunting ton Glass Manufacturing company has been put In the hands of a receiver. It is the largest factory in the State. DENVER, Colo.-Depositors of the American National bank have been appointed a committee to examine the affairs of that institution. Some stockholders demanded that criminal process be unGertaken, but resolutions having this ohjeet in view were laid aside until after investigation. MILWAUKEE. Wis.-Judge Jenkins has entered a decree of sale In the forcelosure proceedings of the Conklin Trust company against the Waukesha Hygla Mineral Springs company. The company is given ten days in which to redeem the property. WASHINGTON-Cardinal Satolli has recelved no intimation. official or otherwise, as to his successor as papal detegate, and the report that the present nuncio to Mexico would succeed him at Washington is regarded as mere speculation. ABILENE, Kan-The greatest flood in Abilene's history has resulted from a terrifle rain a few miles north of town. In three hours Mud creek rose thirty feet and all west and north sides are under water. Much property is injured, but no lives lost, Much general damage has been done to crops. CHILLICOTHE, Mo.-John H. Veitich, general agent for the Chicago, Milwaukee and St. Paul rallway, is lying sick here of typhoid fever, with practically no hopes of recovery. FALL RIVER, Mass.-M. C. D. Bordon, principal owner of the American Printing company, has ordered the works in be shut down for an indefinite period. The works have been running short for some time, and Mr. Borden says he has enough finished goods on hand to supply all present needs. The American is one of the largest cotton printing establishments in the
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Receivers for Western Banks. Comptroller Eckels says he thinks it will be necessary to put the recently failed American National Bank of Denver, Col., and the Grand Fork National Bank of Grand Forks, N. D., lato the hands of receivers.
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Receivers for Two National Banks. WASHINGTON, D. C., May 2.-Comptroller Eckels says he thinks it will be necessary to put the recently failed Amercan National Bank of Denver, Colo., and the Grand Forks National Bank of Grand Forks, N. D., into the hands of receivers.
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OK AND TRADE. The American National bank of Denver has decided to liquidate. The Movius state bank has begun business at Lidgerwood, N. D., with a capital of $10,000. The Interstate Packing company of Dubuque has decided to wind up its business and retire. The whaleback Frank Rockefeller was launched from the West Superior yards. It is the largest whaleback ever built. The Mason & Davis Co., Chicago, manufacturers of stoves and ranges, has failed. Assets, $73,000; liabilities, $107,000. The property of the Hygeia Mineral Springs company of Waukesha, Wis., has been ordered sold to satisfy $1,315,000 of first mortgage bonds. The piano firm of Crawford, Ebersole and Smith, Cincinnati, has assigned to D. D. Woodmansee. The liabilities are estimated at $800,000; assets $1,000,000.
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BANK OFFICIALS INDICTED. Charges Preferred Against Them by the Grand Jury at Denver. DENVER, May 12.-Indictments have been found by the United States Grand Jury against John J. Reithmann, Chas. M. Clinton, J. J. Reithmann, Jr., and Charles Kunzmiller, officials of the defunct German National Bank, which suspended in 1893. It is not publicly known what the specific charges against these former bank officials include. A special bank examiner is again in the city looking up evidence of illegal conduct in the American National Bank, which recently failed. His report upon the German National Bank is understood to be the basis for the present findings of the Grand Jury.
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-Although the Columbia B. & L. Association deposited with the suspended American National bank, Denver, it suffered no loss by the suspension. The Colorado Nationl bank is now the depository of the Columbia. -
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Take Notes for Cash. Denver, May 14.-A majority of the suspended American National bank depositors have agreed to accept notes bearing 4 per cent., and the probabilities are that the bank will soon resume business. Ten per cent. of the deposits will be paid in cash when the bank resumes, and the remainder in six equal installments half yearly. The liabilities have been reduced to $821,000.
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Receiver for a Denver Bank. Acting Comptroller Coffin has appointed Joseph T. Talbert temporary receiver of the American National Bank of Denver. Col. This action is taken at this time simply to protect the assets of the bank, and is not intended. Mr. Coffin explains, to embarrass the bank or retard efforts now befug made by the directors to resume.
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Appointed Temporary Receiver. Acting Controller Coffin today appointed Joseph T. Talbert, the examiner who has been in charge of the American National Bank of Denver, Col., since its suspension, temporary receiver of the bank. This action was taken for the better protection of the interests of the trust. The appointment will in no way obstruct the efforts being made to reopen the bank, and they will be continued by the committee in charge.
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Bank Examiner Made Receiver. WASHINGTON, July 25.-Joseph T. Talbert, the examiner who has been in charge of the American National Bank. of Denver, Col., since its suspension, has been appointed temporary receiver by acting Controller Coffin, in order that the interests of the trust may be fully protected. This appointment will in no way obstruct efforts to reopen the bank, which, it is stated, will not be relaxed by the committee in charge.
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BANKS IN TROUBLE. Receivers Will Be Appointed for Two in Denver. WASHINGTON, Nov. 16.-The comptroller of the currency has decided to take early action in regard to the affairs of the Union and American National banks of Denver. To that end he will today send Pank Examiner Lynch from Washington and Talbert from Duluth to make an examination as to the situation, and on the receipt of their report the comptroller will act. It is probable that a receiver will be appointed for the Union National and possibly one for the American.
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Denver Bank Resumes Business, The American National Bank, of Denver, which suspended April 21, 1896, was today permitted to reopen its doors for business as an active national banking institution. The bank has complied with all the conditions imposed by the Comptroller of the Currency.
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The American National bank of Denver, Col., which suspended April 21, 1896, was today permitted to re-open its doors for business as an active national banking institution. The bank has compiled with all the conditions imposed by the currency.
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Permitted to Reopen. WASHINGTON, Jan. 7.-The - American national bank of Denver, Col., which suspended April 21, 1895, has been permitted to reopen its doors for business as an active national banking institution. The bank has complied with all the necessary conditions.
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A Denver Bank Resumes. The American National Bank, of Denver, Col., which suspended payment April 21, 1896, having complied with the conditions imposed by the comptroller of the currency, precedent to resumption, was permitted Thursday to reopen its doors for business as an active national bank association.