Article Text
BANK SUSPENDS AT TUCUMCARI By Associated Press. Tucumcari, N. M., Jan. 22. The International Bank of Commerce closed its doors here today. Its affairs, it is stated, are badly complicated. Deposits aggregate $160,000.
International Bank of Commerce (Tucumcari, NM)
Episode Information
- Episode UID
95003971345- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Bank ID
-
9500397routing - Routing Number
95-0039- Start Date
- January 22, 1912
- Location
- Tucumcari, New Mexico (35.172, -103.725)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
e12454756a0d5bdb
Response Measures
None
Events (4)
1.
January 22, 1912
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Heavy lending and rediscounts plus departure of former president caused depositor uneasiness and withdrawals.
- Measures
- Directors ordered bank closed as precaution; deposits taken up to noon and depositors notified and allowed to withdraw amounts deposited that day.
- Newspaper Excerpt
- Too much money loaned necessitated heavy rediscounts ... caused uneasiness in the mind of depositors creating a run which resulted in the closing of the bank.
- Source
- newspapers
2.
January 22, 1912
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank closed after heavy withdrawals/run stemming from poor loan positions and depositor uneasiness; state bank examiner took charge for examination.
- Newspaper Excerpt
- The International Bank of Commerce closed its doors here today. Its affairs, it is stated, are badly complicated.
- Source
- newspapers
3.
July 26, 1913
Receivership
- Newspaper Excerpt
- In pursuance of judgment of the District Court ... in the case of H. H. Jones, Receiver of the International Bank of Commerce of Tucumcari, New Mexico ... rendered July 26, 1913, whereby the ... and repeated receiver notices signed H. B. Jones, Receiver International Bank of Commerce, Tucumcari, N. M. (1913-1914).
- Source
- newspapers
4.
*
Other
- Newspaper Excerpt
- State Bank Examiner John Joerns arrived ... and has taken charge of the International Bank of Commerce of Tucumcari which closed its doors on Monday noon. From a superficial examination ... there is a good likelihood of the possibility of a liquidation whereby all depositors and creditors may be paid in full. (Jan. 24, 1912).
- Source
- newspapers
Newspaper Articles (14)
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Article Text
JOERNS HOPES TO PAY DOLLAR FOR DOLLAR. Has Taken Charge of International Bank of Commerce Which Was Closed. --Special to the New Mexican. Tucumcari, N. M., Jan. 24.State Bank Examiner John Joerns arrived last night via French and has taken charge of the International Bank of Commerce of Tucumcari which closed its doors on Monday noon. From a superficial examination made by Mr. Joerns the assets and liabilities as shown by the books are $201,400. Until the examiner has made a thorough examination it will not be possible to state the losses. Mr. Joerns, however, states that in his opinion based on his present knowledge of conditions, there is a good likelihood of the possibility of a liquidation whereby all depositors and creditors may be paid in full. The closing of the bank will not seriously affect any other banking institutions. Too much money loaned necessitated heavy rediscounts coupled with the fact that the past president of the bank W. F. Buchanan, recently left Tucumcari, caused uneasiness in the mind of depositors creating a run which resulted in the closing of the bank. A. E. Carter, recently resigned as postmaster, is the president of the bank.
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INTERNATIONAL BANK IS CLOSED Was Placed In the Hands of the State Bank Examiner Monday After noon, at 1:00 O'Clock A sensation was caused Monday after noon when the news became generally known that the International Bank of Commerce had closed its doors and that the affairs of the bank were in the hands of the Bank Examiner Inquiry however, revealed the fact that the bank had been ordered closed by the directors of the bank. While no statement has been made officially by the bank officials it is un derstood that the action was taken foi lowing the withdrawal of several large accounts and was taken as a precaution ary measure to insure keeping the funds of the bank intact. The state bank examiner arrived in the city Tuesday and commenced mak ing examination of the affairs of the bank and while he has made no official statement it is said by those in a por sition to know. that the depositors will be paid in full. The closing of the bank caused great inconvenience and excitement and much talk but there was nothing in the form of a panic. Knowing the directors and officers of the bank as they do, the de positors were apparently confident that all possible would be done to straighten out the affairs of the bank A director of the International made the statement last night that without doubt the depositors would be paid one hundred cents on the dollar. This will be welcome news to the people who had their money in the bank. Deposit- were taken into the bank up to the noon hour Monday and those who had made deposits that day were at terwards notified and allowed to with draw the amounts of their deposits This in a great measure tended to re store confidence The branch bank at Montoya was closed by orders of the bank officials W. F. Buchanan was formerly presi dent of the International Bank and re cently sold his interests to A. R. Car ter. postinaster. Mr. Joerns, bank examiner. state< that the bank has notes amounting to about $120,000 Bills payable about $60,000, with deposits of *75,000 and has an equity in the bank building of about *20,000. It is their earnest et fort to get things in shape so deposit OIS may 8002 realize something. w
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H, B. JONES APPOINTED DEPUTY BANK EXAMINER Tucumcari, N. M., Feb. 8.-State auditor John Joerns, has appointed H. B. Jones, of this city, president of the First National bank, deputy bank examiner to continue the work on the defunct International Bank of Commerce of Tucumcari, until a receiver has been appointed for that institution. It is understood that Mr. Jones was the choice of practically all of the stockholders of the International bank,
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EDUCATORS MEET TO-DAY State Funds Lost in Tucumcari Bank Made Good by Surety Co. CARIZOZO COUNTY SEAT CASE Good Roads Congress Will Meet In Santa Fe on Wednesday, April 3d. to Federal Judge William H. Pope appointed J. B. Underwood United of day Willard, Torrance county, a States commissioner. Lake Urton Lands Restored. secretary of the interior has The entry the lands withdrawn Guadastored under the to Lake Urton project, lupe county Postoffice Affairs. A postoffice has been established Ernest Colfax county. postUnderwood Sugarite, has been appointed been ap Jesse Tanner has master. pointed postmaster at Judson, New Mexico. Services for General Dow. the Memorial exercises in honor of Memorial General Neal Dow, will be held the late at 8 o'clock p. m., March 20 in hall of the House of Representata- made by Short speeches will be and by other There legislators tives. will De good music rendered. persons later The program will be published Agricultural College Regents Organize. The Board of Regents of the New and College of Agriculture Mechanic Mexico Arts has organized by electWilliam Alexander Sutherland, May, ing president of the board; and V. B. W. E secretary and treasurer. Dr. of Garrison was re-elected president the college. Board of Pharmacy. The state board of pharmacy will in Santa Fe May 13 17. There state will meet probably be a meeting of the the of pharmacists at but this has not the association same time, members yet of been announced. The Las E. G. Murphy, East president A J. E board Vegas, are: treasurer; Fischer, W. Santa Fe, secretary and CruNutting, Raton; P. Moreno, Las ces, G. S. Moore, Roswell. Bank Loss Made Good. National Surety Company of City has Department of Mexico New The York notified Insurance the $9,892.57 New that it has forwarded a check for payment for the loss of state money in deposited in the defunct International Bank of Commerce of ucum- the cari. The payment was made on demand of the treasurer and collector of Quay county for county money deposited in the bank. District Court. Judge David J. Leahy of Las Veis sitting on the bench in the district gas court this morning in cases, in there is a large number, E. C. Abbott is of which which Judge disquali- called fied. The petit juries were this forenoon. Judge Abbott went to Clovis yesterday and will be absent the for two weeks trying cases in court of Judge John T. McClure, of the fifth judicial district. Supreme Court. state supreme court reconvened afternoon. Case No. this The 1453, Ohio, First National Bank of Sandusky et V. D. B. Smith and W. Smith, was Gertrude al., appellees, appellants, afternoon argued and submitted. This hearings in the writ of habeas corpus proceedings took place, the writ being returnable today. Canavan is under Alsentence for contempt of court at buquerque. Carrizozo County Seat Case. Thomas B. Catron council for Lincoln and John Y. Hewitt representing Carrizozo and the county commissionthe Lincoln county seat controagreed to submit the of injunction on ers dissolution versy, in stipulation matter Abbott of Court Judge E. C. Fe within the next few involved in this case to in The Santa District point dissolu- at days. this is the motion for the injunction now commissioners tion the hearing county of the restraining from Carrizozo completing the building at the case may be court of the is While the supreme appealed speedy state hear it thought it will be given a ing in both courts. Judge Hewitt will leave in a day or two for the capital -Carrizozo Outlook. Board of Education. Board of met The State Education the today at the capitol. This is first meeting of the new board and it will at once plunge into the consideration of proposed school legislation. H. H. Roberts of Las Vegas, of the New State president Frank Mexico C. Hill Normal University, and c. of of Reswell, county superintendent were in the city evenother members of board ing. Chaves, The last the arrived during the course of the day. are: C.M. of the State at heir tendent names Normal Light, School superinM. D. Taylor, Aztec; Montoya of Bonifacio Silver City; of Bernalillo, Sandoval county superintendent county. It is probable that the educommittees of the will meet cational of legislatare both with houses the this afternoon to discuss needAt this will on the ed board board legislation. pass qualifications session grade the of institute conductors; eighth examinations and promotion and pro-
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NOTICE OF SPECIAL MASTER'S SALE In pursuance of judgment of the Dis triet Court of the Eighth Judicial Dis. trict of the State of New Mexico. with in and for the County of Quay, in the case of H. H. Jones, Receiver of the In ternational Bank of Commerce of Tu cumeari. New Mexico. vs. Herman Ger. hardt and Emma R. Gerhart, No. 1257. rendered July 26. 1913. whereby the
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H. B. JONES, Receiver Int rnational Bank of Commert Tuenmeari, N. M Disappointed Office Seekers. A man will get so mad because the Job be wanted was given to someone else That he will spend weeks fighting the appointing power. purely on
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# RECEIVERS NOTICE I am now prepared to accept bids on the following described property owned by the International Bank of Commerce Tucumeari, N. M.. SE¼ NW¼ and SW¼ NE¼ and lots 2 and 3 Sec 4 Twp 10N Rng 31 E., containing 159 61-100 acres, Quay county, N. M. Lot 5 Block 13 OT Tucumcari, N. M. Lot 5 in Block 8 of Gamble addition to Tucumeari. Lots 9 and 10 block 8 Rock Island addition, Tucumcari, N. M. H. B. JONES, Receiver International Bank of Commerce Tucumcari. N. M
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RECEIVERS NOTICE I am now prepared to accept bids on the following described property owned by the International Bank of Commerce Tucumeari, N. M.. SE% NW½ and SW 1/4 NE% and lots 2 and 3 See 4 Twp 10N Rng 31 E., containing 159 61-100 acres, Quay county, N. M. Lot 5 Block 13 OT Tueumeari, N. M. Lot 5 in Block 8 of Gamble addition to Tuenmeari. Lots 9 and 10 block 8 Rock Island addition, Tucumcari, N. M. H. B. JONES, Receiver Int reational Bank of Commerce Tuenmeari. N. M.
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RECEIVERS NOTICE I am now prepared to accept bids on the following described property owned by the International Bank of Commerce Tuenmeari, N. M.. SE% NW½ and SW½ NE% and lots 2 and 3 See 4 Twp 10N Rng 31 E., containing 159 61-100 acres, Quay county, N. M. Lots D, E, and F Chenault's SubDiv. of lots 8, 9, 10, 11, 12 of Block 18 OT Tucumeari. Lot 5 Block 13 OT Tueumeari, N. M. Lot 5 in Block 8 of Gamble addition to Tueumeari. Lots 9 and 10 block 8 Rock Island addition, Tucumcari, N. M. H. B. JONES, Receiver Int mational Bank of Commerce N. M
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RECEIVERS NOTICE I am now prepared to accept bids on the following described property owned by the International Bank of Commerce Tucumeari, N. M. SE% NW½ and SW½ NE½ and lots 2 and 3 See 4 Twp 10N Rng 31 E., COD taining 159 61-100 acres, Quay county, N. M. Lots D, E, and F Chenault's SubDiv. of lots 8, 9, 10, 11, 12 of Block 18 OT Tucumeari. Lot 5 Block 13 OT Tucumeari, N. M. Lot 5 in Block 8 of Gamble addition to Tucumeari. Lots 9 and 10 block 8 Rock Island addition, Tucumcari, N. M. H. B. JONES, Receiver Int rnational Bank of Commerce Trenmeart. N M
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RECEIVERS NOTICE I am now prepared to accept bids on the following described property owned by the International Bank of Commerce Tueumeari, N. M. SE% NW½ and SW½ NE% and lots 2 and 3 See 4 Twp 10N Rug 31 E, con taining 159 61-100 acres, Quay county N M. Lots D, E, and F Chenault's SubDiv. of lots 8, 9, 10, 11, 12 of Block 18 OT Tucumcari. Lot 5 Block 13 OT Tucumcari, N. M. Lot 5 in Block 8.0f Gamble addition to Tucumeari. Lots 9 and 10 block 8 Rock Island addition, Tucumcari, N. M. H. B. JONES, Receiver Int rnational Bank of Commerce Thenracari. N. If
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RECEIVERS NOTICE I am now prepared to necept bids on the following described property owned by the International Bank of Commerce Tueumeari, N. M.. SE% NW½ and SWM NEW and lots 2 and 3 See 4 Twp 10N Hug 31 E., containing 159 61-100 acres Quay county, N.M. Lots D, E, and F Chenault's SubDiv. of lots 8, 9. 10, 11. 12 of Block 18 OT Tueumeari. Lot 5 Block 13 OT Tueumeari, N. M. Lot 5 in Block 8 of Gamble addition to Tucumeari. Lots 9 and 10 block 8 Rock Island addition, Tucumcari, N. M. R B. JONES, Receiver Int mational Bank of Commerce Thenmeari. N. M.
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All the news in the News. Read it RECEIVERS NOTICE I am now prepared to accept bide on the following described property owned by the International Bank of Commerce Tucumeari, N. M. Lots D, E, and F Chenault's SubDiv. of lots 8, 9. 10, 11, 12 of Block 18 oT Tucumeari. Lot 5 Block 13 OT Tueumeari, N. M. Lot 5 in Block 8 of Gamble addition to Tucumeari. Lots 9 and 10 block 8 Rock Island addition. Tucumcari, N. M. H. B. JONES, Receiver Int rnational Bank of Commere. Thenmeari. N. M