Montezuma Trust Company (Albuquerque, NM)

Episode Information

Episode UID
95000371366
Episode Type
Suspension β†’ Closure
Bank Type
trust
Bank ID
9500037 routing
Routing Number
95-0003
Start Date
October 1, 1913
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
22dc83b796607e2a

Response Measures

None

Description

State bank examiner closed the institution and a receiver was appointed; articles also mention prior voluntary liquidation claims.

Events (3)

1. October 1, 1913 Suspension
Cause
Government Action
Cause Details
Closed by the state bank examiner after an examination revealed alleged irregularities; receiver to be asked for.
Newspaper Excerpt
The Montezuma Trust company, of Albuquerque, was closed today by the state bank examiner, following an examination which revealed alleged irregularities in the conduct of its affairs.
Source
newspapers
2. November 1, 1913 Receivership
Newspaper Excerpt
The receiver was appointed November 1, 1913.
Source
newspapers
3. February 27, 1922 Other
Newspaper Excerpt
Receiver will apply to the above entitled court for an order approving same and discharging receiver at Albuquerque at ten o'clock a.m. on February 27, 1922.
Source
newspapers

Newspaper Articles (7)

Article from Albuquerque Evening Herald, October 1, 1913

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Article Text

MONTEZUMA TRUST CLOSED BY BANK EXAMINER Receiver Will Be Asked For Local Institution in Process of Liquidation For Some Time Past. (Bv Leased Wire to Krening Nerald.) Santa Fe, N. M., Oct. 1--The Montezuma Trust company. of Albuquerque, was closed today by the state bank examiner, following an examination which revealed alleged Irregularles in the conduct of its affairs. E. A. Mossman, assistant bank exniner is in charge, and a receiver d 11 be asked for. The bank has been process of liquidation for some time t.


Article from El Paso Herald, October 1, 1913

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Article Text

ALBUQUERQUE BANK CLOSED BY EXAMINER Santa Fe, N. M., Oct. 1.-The Montezuma Trust company, of Albuquerque, was closed today by the state bank examiner, following an examination which showed alleged irregularities in its conduct. E. A. Mosman, assistant bank examiner, is in charge, and a receiver will be asked for. The bank has been in process of liquidation for some time past.


Article from The Chronicle=news, October 1, 1913

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Article Text

TRUST COMJANY CLOSED BY BANK EXAMINER Santa Fe, N. M., Oct. 1.-The Montezuma Trust Company, of Albuquerque, was closed today by the state bank examiner. following an examination which revealed Irregularities in the conduct of its affairs. E. A. Mossman, assistant bank examiner, is in charge, and a receiver will be asked for. The bank has been in process of liquidation for some time past.


Article from Las Vegas Optic, October 31, 1913

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Article Text

Hearing Saturday The Montezuma Trust company. of Albuquerque, in an order issued yesterday by Judge Raynolds of the district court, is directed to show cause Saturday morning why a receiver should not be appointed, The order recites that the attorney general applied for a receiver to "wind up' the business of the bank.


Article from El Nuevo Mexicano, September 28, 1916

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Article Text

Light On a Chairman Mr. Whispering Gillenwater, political manager for Frank A, Hubbell, during whose regime in Bernalillo county the political court became justly famous and Judge B. S. годошСл SeAt 'Suja nequire 0111 jo from office for malfeasanceMr. Whispering Gillenwater, manager for Frank A. Hubbell, whom he bitterly denonneed as of Hevil purposes" end a bolter - ore save% thoj Date oth me.n Mr. Whispering Gillenwater, who raged up and down the earth four years ago condemning the Hubbell influence and conducting a vehement adjectival assault on -paoces HoganH aut Mr. Whispering Gillenwater, who is man aging the Republican campaign because W. C, McDonald is on the Demoeratic ticket: an supedde 01 pasnjed aqm 0 M Gillenwater's Montezuma Trust company candidate for traveling auditorMr. Whispering Gillenwater, sotto voce, has begun to take the public into his confidence regarding the closing of his Montezuma Trust company in Albuquerque. and if be 01 st offand 046 desired its memory refreshed on this matter. It will make It much easier now that Mr. Whispering Gillenwater has voluntarily JO e SI 71 subject the dn quanom special interest in view of Mr. Whispering Gillenwater's recent broaching of the topic of Sound Banking in the form of a Republican campaign advertisement filled with some interesting slander of the governor and former traveling auditor-the governor, "IN sujodde 03 posnjes oum Montezuma Trust company candidate for traveling auditor: and the former traveling auditor, who was appointed in place of Mr. Gillenwater's candidate! Mr. Whispering Gillenwater rushes before the public with his Montezuma Trust company defense, before any charges have been type page XIS B us the Rq not and written signed statement. This statement, -jour,, JO red the with person dentally" presenting this defense, is in the OTM auo se solemn B 10 TOTAL wishes to see "the integrity of the courts maintained" against the appointment of aSpnf district S n as sucurding Right here it may be well to say that in view of the unsavory judicial record in Al buquerque of District Judge B. S. Baker, member of the ring headed by Frank Hub. bell, Mr. Gillenwater's present candidate UMO mo Mep Am OM senate, S n the 101 conclusions as to Mr. Gillenwater's idea of the "integrity of the courts," the sacredness of the judiciary and the immaculateness of the ermine. We will state in all frankness that this letter is the ugliest, most venomous, most vicious, most malicious, most contemptible dem 8 10 eharacter the uo which we have ever seen issued during the progress of any campaign in New Mexico. Fortunately its malice, its venom, its ugliness are at once evident and deprive the letter of any political effect which it might otherwise have. In the first place the spectacle of a campaign manager for Frank Hubbell pleading for the "integrity of the courts" is conducive to uproarious laughter. In the second place the spectacle of a Republican campaign manager solemnly warn ing against the appointment of a Democrat by a Democratic president to a federal position is highly entertaining. In the third place Mr. Whispering Gillenwater at once gives the whole thing away by disclosing that he doesn't like Mr. Burkhart since the time that Mr. Burkhart, representing persons having a stock interest in the Montezuma Trust company, succeeded in getting this institution into the hands of a receiver. Whether or not Mr. Burkhart's action appeared to be based on good grounds the reader may conclude for himself after reading Mr. Gillenwater's advance defense of the institution, whose stockhold. ars, he says, exclusive of officers and directors, only stood to lose a mere trifle of some ten to fifteen thousand dollars. Mr. Whispering Gillenwater also says that Mr. Burkhart filed suit making "general charges of mismanagement" against Mr. Gil40J Auedmoo am pesn pen I 1841, personal ends and had, at or about the time the company discontinued business, a large overdraft." Thus we have the reasons for everything B se plain ST MR. WHISPERING GILLENWATER is slandering the governor of New Mexico because the governor refused to appoint his Montezuma Trust company candidate as traveling auditor, MR. WHISPERING GILLENWATER is slandering the former traveling auditor because he was appointed In place of Mr. Gillenwater's Montezuma Trust company candidate. MR. WHISPERING GILLENWATER is violently slandering the United States district attorney because the latter is the man who caused his Montezuma Trust company to be placed in a receiver's hands and filed a complaint against Mr. Whispering Gillenwater alleging mismanagement of a bank. MR. WHISPERING GILLENWATER, former head of the Montezuma Trust company, is conducting an attack upon W. C. McDonald and Howell Earnest, as


Article from El Nuevo Mexicano, September 28, 1916

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Article Text

GILLENWATER AS A BANKER "Cap" Rushes Before Public With His Bank Record WHY HE DOESN'T LIKE BURKHART Why State Chairman Is Able to Speak On Banking Mr. Whispering Gillenwater, Republican state chairman; sponsor for Frank A. Hubbell, removed from office for mismanagement of county funds; sponsor for H. O. Bursum, removed from office for a $4,000 "error in bookkeeping"; Mr. Whispering Gillenwater, late head of the Montezuma Trust company in Albuquerque, as state chairman has published an advertisement reflecting upon the Democratic administration of state banks. Mr. Whispering Gillenwater has also anticipated an attack upon ms administration of the Montezuma Trust company in a signed letter which he issued yesterday. For the information of the public there are quoted herewith extracts from Mr. Whispering Gillenwater's advance defense of his Montezuma Trust company record. The Gillenwater recital ap plies venomous epithets to Mr. Burkhart which are deleted for the sake of decency. It should be borne in mind that the Gillenwater statement is a defense, drafted for the purpose of putting the best possible light on the difficulties in which the Montezuma Trust company became involved. The public may draw its own conclusions from this statement as to Mr. Gillenwater's qualifications to speak on the subject of Sound Banking The extracts follow: M recite another instance disclosing Mr. Burkhart's character. I was connected with the Montezuma Trust company, of Albuquerque, as its active officer, when, by reason of disagree. ments among its stockholders it was deemed best for all concerned to discontinue business, pay off the depositors and voluntarily liquidate the assets of the company. Thereupon, on November ******* 7, 1912, all depositors, except as below noted, were paid off by deG positing the amount of their respective deposits to their credit with a neighbor trust company and advising each depositor of S the action taken. The exceptions were deposits due me amounting to approximately $25,000, and one tl small unclaimed deposit amount. ing to about $160. Thereupon commenced the voluntary figui. dation of the assets of the com0010 pany and it was proceeding when Mr. Burkhart appeared, representing political henchmen of his G. having a small stock interest in the company and deliberately set about to cast the company and its assets into.a receivership, and did so, and 1 believe he did it knowing that it was not to the interest of the stockholders. The receiver was appointed November 1, 1913. Then on May 8, 1915, Mr. Burkhart filed suit against myself and other directors, the allegation of the complaint, how. ever, being directed entirely at against me, making general th charges of miamanagement on my part and that had used the company for personal ends and had at or about the time of the in company discontinued business a at large overdraft. The complaint, as you may learn from an inspec-


Article from The Evening Herald, February 25, 1922

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Article Text

LEGAL NOTICES LEGAL NOTICE No. 9511. STATE OF NEW MEXICO County of Bernaliile In the District Court State of New Mexico plaintiff. Va Montezuma Trust Company defendant To Whom It May Concern Notice is hereby given that the GB. dersigned receiver having filed his " port herein will apply to the above enlitled court for an order approving same and discharging receiver at Albuquer are at ten o'clock a.m on February 27 1922 or 82 EOOB thereafter as said up pilication can be heard Any one having reason to oppose said application should appear at said time and place MARRY P. OWEN Receiver Feb. 4-11-18-25