Savings Bank (Taiban, NM)

Episode Information

Episode UID
95009271366
Episode Type
Suspension โ†’ Closure
Bank Type
savings
Bank ID
9500927 routing
Routing Number
95-0092
Start Date
October 24, 1913
Location
Taiban, New Mexico (34.440, -104.009)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f1aa5eabb250b626

Response Measures

None

Description

Closed by the state banking department in 1913 and later in receivership with distributions in 1915.

Events (2)

1. October 24, 1913 Suspension
Cause
Government Action
Cause Details
Closed by the state banking department and placed under temporary charge of L. B. Waters.
Newspaper Excerpt
The Savings bank of Taiban was closed by the state banking department, and L. B. Waters placed in charge pending further developments.
Source
newspapers
2. June 7, 1915 Receivership
Newspaper Excerpt
An additional distribution to creditors of the failed Taiban savings bank, of 32 per cent has been announced by C. P. Stone, receiver of the bank.
Source
newspapers

Newspaper Articles (2)

Article from The Kenna Record, October 24, 1913

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Article Text

NEW MEXICO IN BRIEF Western Newspaper Union News Service. Dates for Coming Events. Nov. 23-26.-Meeting New Mexico Educational Association at Albuquerque. Howard Mielenz of Dexter has been appointed a notary public by Governor McDonald. The Federation of Women's clubs held a pleasant and profitable meeting at Santa Fรฉ. It will require fifty stock cars to ship the 15,000 sheep acquired by E. C. Chambers, a buyer at Gallup. Albert Kauzlowski, a miner, employed at the Heaton mine, near Gallup, was killed by a powder blast. Governor McDonald has disposed of a large number of cattle, owing, it is said, to short feed on his Carrizozo ranch. Judge Pope of Santa Fรฉ, sentenced Nez, a Navajo Indian, to four months in jail for opening a mail sack and taking out a letter. The Rev. George Splinters, rector and dean of the parish of Bernalillo, and well known in Santa Fรฉ, died after an illness of eleven days. The Savings bank of Taiban was closed by the state banking department, and L. B. Waters placed in charge pending further developments. Judge Pope, at Santa Fรฉ, sentenced several prisoners who had been convicted in U. S. District Court, among them being some for selling liquor to Indians. Attorney General F. W. Clancy went to El Paso to be present during the taking of testimony in the boundary suit between the state of Texas and the state of New Mexico. Clovis was so eager for silos, that the Chamber of Commerce offered a premium of $25 for each one constructed in that section; twenty have resulted from the crusade to date. James Lynch of Roswell, on trial at Clovis a second time for the murder of City Marshal Roy Woofter at Roswell two years ago, entered a plea of guilty to murder in the second degree. Ira Brown, colored, who in November, 1909, was sentenced from Luna county to the state reform school for from five to six years, has been pardoned conditionally by Governor McDonald. Paroles were signed by Governor McDonald in the cases of W. P. Kookeen and Frank Rice, both of Chaves county, who had served their minimum sentence. Both men have work offered them. The Hope Community Irrigation Company filed a dissolution notice with the State Corporation Commission. This company organized about two years ago it is said, but never commenced business. "Sweet Potato" Charley of near Hagerman claims he can raise on portions of his farm 59,820 pounds of sweet potatoes per acre, which, at two cents per pound, should increase his bank account $1,196.40. The body of Ben Reddinger, who disappeared from camp in the Manzano mountains foothills near Albuquerque, was found by a searching party. It is believed that his death was. caused by heart failure. Two convicts at the state penitentiary made their escape by sawing their way out through the roof of the ice house. Del Rexford, one of the prisoners, was overtaken and taken back to prison within a few hours. Governor McDonald signed a requisition to the governor of Oklahoma, asking for the return to New Mexico of L. C. West, president of the American Bank and Trust Company of Clovis, which was closed several months ago. A sale of 16,076 acres of state lands in Luna county will be held Dec. 8. Chadwick and Deyo, contractors for the grading on the new branch line of railroad running from near Whitewater to the Burro Mountains, have practically finished the job and tracklaying has been in progress for several days. Ninety-five cars of cantaloupes were shipped from Roswell and South Springs this season off of 450 acres; 600 were planted. Portales has shipped this season forty-four cars; Artesia and Lakewood, 3; Fort Sumner, thirty-six cars. Agua Nergra grant, in Guadalupe county, recently changed hands at a price said to be in the neighborhood


Article from The Evening Herald, June 7, 1915

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Article Text

000 drainage bonds. An additional distribution to creditors of the failed Taiban savings bank, of 32 per cent has been announced by C. P. Stone, receiver of the bank. Forty per cent had been distributed previously. The receiver says he hopes that depositors ultlmately may be paid in full. Government surveyors have gone to Redland, Roosevelt county. to make a survey of three townships there on which filings have been made. The New Mexico Bankers' association will meet in Roswell October 4 and 5. The Artesia News says: Although the price is low some farmers are shipping hay, as many of them have not secured stock to feed. The shipments are growing lighter every year and regardless of the price less hay will be shipped this year from the valley than last year. The Artesia station has shipped but very little. Espuela has sent out about 80 cars and Atoka about 65. Both of these switches are handled from the Artesta office of the railroad.