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Examiner In Charge Of New Mexico Bank SANTA FE, N. M., Sept. 21—The Santa Fe bank was closed this morning with a notice on the door that State Bank Examiner L. B. Gregg was in charge. W. J. Barker, a director, gave out a statement that there had been a "slight run" on the bank yesterday and the directors and officers, after consulting Gregg, "deemed it advisable to close for the further protection of the depositors."
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New Mexico Bank Is Closed After Run Santa Fe, N. M., Sept. 21.—The Santa Fe bank was closed today with a notice on the door that State Bank Examiner L. B. Gregg was in charge. W. J. Barker, a director, gave out a statement that there had been "a slight run" on the bank yesterday and the directors and officers, after consulting Gregg, "deemed it advisable to close for the further protection of the depositors." He added negotiations were pending which may enable the bank to reopen. The bank had deposits of approximately $477,000.
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Santa Fe Bank Shuts Doors After Slight Run, on Advice of New Mexico Bank Examiner Santa Fe, Sept. 21.—The Santa Fe bank was closed this morning. A notice pasted on the door greeted depositors, or others, who went to the bank at 9 o'clock. It read: "This bank is in the hands of the state bank examiner. (Signed) "L. B. GREGG." The bank's capital was $50,000 and surplus $5,000. The latest statement, issued June 30, showed loans and discounts to be $356,087.52; time deposits, $157,073.66; demand deposits, $320,223.06. The directors are Nathan Jaffa, Dr. James A. Rolls, William J. Barker and Charles C. Closson. Mr. Jaffa was made president a year and a half ago when the bank reopened; it closed previously late in 1921. Dr. Rolls was vice president. The following statement was given out by Mr. Barker: "There was a slight run on the bank yesterday, September 20, 1923, and for the further protection of the depositors, the directors and officers of the bank, after consulting the state bank examiner, deemed it advisable to close. Negotiations are pending which may enable a reopening of the bank. All deposits received yesterday, September 20, 1923, have been held intact and will be returned." The closing was received calmly by depositors. There was no crowd around the bank at any time during the day. Occasionally some one stepped up to the door to read the notice posted there, but that was all. When the bank closed previously the state had a deposit of $250,000 there. When it opened again, early in 1922, the state was given certificates of deposit for the full sum, payable at different periods. Thus the deposit had been cut down to $80,000 and this, according to Deputy State Treasurer Carroon, was protected by a surety bond, or bonds.
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BANK AT SANTA FE TEMPORARILY CLOSED [BY A. P. NIGHT WIRE.] SANTA FE (N. M.) Sept. 21.—The Santa Fe Bank was closed today with a notice on the door that State Bank Examiner L. B. Gregg was in charge. W. J. Barker, a director, gave out a statement that there had been "a slight run" on the bank yesterday and the directors and officers, after consulting Gregg "deemed it advisable to close for the further protection of the depositors." He added negotiations were pending which may enable the bank to reopen. The bank had deposits of approximately $477,000.
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service over the body. A short requiem mass was recited by the Russian pastor while the family, with a few friends, knelt beside the flower-draped bier. The body was later conveyed to Waterloo station and placed on board a special train for Southampton. Pallbearers there carried it to the waiting liner Aquitania, which sails for New York. SANTA FE BANK CLOSES DOORS. SANTA FE, N. M., Sept. 21.—The Santa Fe bank was closed today with a notice on the door that State Bank Examiner L. B. Gregg was in charge. W. J. Barker, a director, gave out a statement that there had been a "slight run" on the bank yesterday, and the directors and officers, after consulting Gregg, "deemed it advisable to close for the further protection of the depositors." He added negotiations were pending which may enable the bank to reopen. The bank had deposits of approximately $477,000. STUDENTS' FUND STOLEN. LOS ANGELES, Cal., Sept. 21.—Six masked men early today bound and gagged G. W. Robinson, night watch-
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Run On Santa Fe Bank Causes It To Close By the Associated Press SANTA FE, N. M., Sept. 21.—The Santa Fe bank was closed today with a notice on the door that State Bank Examiner L. B. Gregg was in charge. W. J. Barker, a director, gave out a statement that there had been "a slight run" on the bank yesterday and the directors and officers, after consulting Gregg "deemed it advisable to close for the further protection of the depositors." He added negotiations were pending which may enable the bank to reopen. The bank had deposits of approximately 477 thousand dollars.
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NEW MEXICO BANK CLOSES ITS DOORS Associated Press. SANTA FE, N. M., Sept. 21.—The Santa Fe bank was closed today with a notice on the door that State Bank Examiner L. B. Gregg was in charge. W. J. Barker, a director, gave out a statement that there had been "a slight run" on the bank yesterday and the directors and officers after consulting Gregg, "deemed it advisable to close for the further protection of the depositors." He added negotiations were pending which may enable the bank to reopen. The bank had deposits of approximately $477,000.
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Santa Fe Bank Closed SANTA FE, N. M., Sept. 21.—The Santa Fe bank was closed today with a notice on the door that State Bank Examiner L. B. Gregg was in charge. W. J. Barker, a director, gave out a statement that there had been "a slight run" on the bank yesterday.
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Pending Receiver, Bond Companies May Aid Santa Fe Bank SANTA FE, N. M., Sept. 22.—Two or three weeks must elapse before he can apply for a receiver for the Santa Fe bank, which closed Friday, according to State Bank Examiner L. B. Gregg, and in the meantime any proposal offered by the bonding companies to enable it to reopen will receive careful consideration. Gregg added he did not know what was the cause of Thursday's run on the bank. In view of the fact that there was an unusual withdrawal of deposits Thursday, Mr. Gregg said, it was decided at a conference between himself and the directors to close the bank Friday "to give all depositors the same degree of protection." How much had been withdrawn during the day, he said could not give out. "I have no means just now of knowing how the depositors who withdrew their money gained the idea that it was necessary for them to do so," he said. When the bank closed the deposits were $418,545; loans and discounts, $452,000; bills payable amounted to $28,500, and rediscounts amounted to $23,743. All deposits received Friday are to be turned back, he said, in cases where the depositors are not indebted to the bank.
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Santa Fe Bank Is Closed and the Bank Examiner In Charge (By Associated Press Leased Wire) SANTA FE, N. M., Sept. 22.—The Santa Fe Bank was closed Friday morning with a notice on the door that State Bank Examiner L. B. Gregg was in charge. W. J. Barker, a director, gave out a statement that there had been a "slight run" on the bank yesterday and the directors and officers, after consulting Gregg, "deemed it advisable to close for the further protection of the depositors." He added negotiations were pending which may enable the bank to re-open. All deposits received yesterday are to be returned.
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Bank at Santa Fe, N. M., Closes Doors After 'Run' Associated Press Report. SANTA FE, N. M. Sept. 22.—The Santa Fe bank was closed today with a notice on the door that State Bank Examiner L. B. Gregg was in charge. W. J. Barker, a director, gave out a statement that there had been "a slight run" on the bank and the directors and officers, after consulting Gregg, "deemed it advisable to close for the further protection of the depositors." He added negotiations were pending which may enable the bank to reopen. The bank had deposits of approximately $477,000.
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TO APPLY FOR RECEIVER FOR SANTA FE BANK Petition to be Filed as Soon as Judge Holloman Returns, Says Gregg. An application will be filed for a receiver for the Santa Fe bank as soon as Judge Reed Holloman, of the district court, returns from San Juan county, where he is now holding court, according to State Bank Examiner L. B. Gregg.
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An application will be filed for a receiver for the Santa Fe bank as soon as Judge Reed Holloman, of the district court, returns from San Juan county, where he is now holding court, according to State Bank Examiner L. B. Gregg. A petition is being circulated among the depositors of the Santa Fe bank, it was learned today, for the appointment of Nathan Jaffa as receiver of the bank in the event that one is appointed. A large number of signatures is said to have been obtained already. One of the depositors, commenting on the fact that this step is rare—to ask for the appointment of the president of a closed bank as receiver—said the depositors had confidence in Mr. Jaffa's ability and integrity and felt to place him in charge of the liquidation, if that is necessary, would insure them the largest possible recovery on their claims.
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ARTS AND CRAFTS STUDIO 104 Grant Ave. Lampshades, Bridge Sets, Tie-Dye, Stenciling China and Embroidery CALL ON RECEIVER JAFFA FOR BANK DIVIDENDS Receiver Nathan Jaffa of the defunct Santa Fe Bank requests all persons who are entitled to one dollar or less in dividends to call for the money at his office, third floor Cap ital City Bank, or call Renehan Build ing. For the information of these perple, Mr. Jaffa says there is an elsvator. Several people might refuse to walk up two flights of stairs for quarter. If they do ot call to their money in a reasonable time, the coin will be turned into a fund to be added to the third dividend. So far the bank has declared two ten per cent dividends. ALTAR SOCIETY COOKING SALE The St. Francis Altar society will hold a cooking sale, Saturday, June 27th, at 11 o'clock at Beacham-Mignardot Hardware Co.-Adv. 6-26
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BANK RECEIVER IS AUTHORIZED TO SELL RIGHTS TO MINERALS SANTA FE, Nov. 10 Nathan Jaffa, receiver for the Santa Fe bank, Wednesday authorization from District Judge Reed Holloman to sell to E. Carr all mineral rights intertain lands in Rio Arriba county. The sum was set at $2,500. foreclosure decree in the case of the federal land bank of Wichita. Kans., vs. H. C. Day et al, appoints Helen Clancy of Santa Fe special master. orders the bank to cancel nine shares stock owned by the Moriarty National Farm Loan and orders the association to retire nine shares of stock owned by H. C. Day et al. The plaintiff was granted judgment of $1,081.92 and attorneys' of $100.