Cascade Bank - Great Falls, MT

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: September 1, 1893*
Location: Great Falls, Montana (47.500, -111.301)

Metadata

Model: gpt-5-mini
Short Digest: a4afd66b

Response Measures

None

Description

Article (1893-09-22) refers to a recent run on the Cascade Bank in Great Falls; no suspension, reopening, or receivership mentioned. Cause of the run is not stated explicitly in the text; the writer describes protests and attempts to attach his business but does not attribute the run to rumors or insolvency.

Events (1)

1. September 1, 1893* Run

Cause Details: Article refers to a recent run but gives no specific cause; mentions protested checks and alleged persecutory behavior by bank officers toward a depositor.
Measures: Depositor allowed his checks to be protested to help the bank conserve currency (depositor action)
Newspaper Excerpt: I allowed my checks to go to protest with the Cascade bank when they had a run in order to help them keep their currency,
Source: newspapers

Newspaper Articles (1)

1. September 22, 1893 The Weekly Tribune Great Falls, MT

Article from The Weekly Tribune, September 22, 1893

Click image to open full size in new tab

Article Text

THE OTHER SIDE. Andrew Jensen of the Boston Wishes an Impartial Hearing. Editor of the TRIBUNE: Would you kindly correct the statements in the Leader and News to the effect that only Kellogg & Co. of Chicago have attached my business. The Cascade bank of our city is and has been the cause of my recent trouble. They have systematically persecuted me for the past month or six weeks. As an instance I may state here that while in San Francisco (where I went, with their l.nowledge and approval, to see some friends about getting some money to pay maturing eastern bills) they protested a check for $1,000 given an eastern firm, when I had a balance of over $1,100 in their bank and over $300 worth of Boston & Montana due bills deposited with them, for which they had received a Bostoa draft from the smelter. They protested the check and told my bookkeeper that the reason they would not pay it was that I was on a note of $162.00 that :was due and not paid. The bookheeper implored them to hold the check until the following morning, when money would be forthwith coming from our Sand Coulee store, or until she could telegraph to me in San Francisco for instructions. This F. P. Atkinson refused to do. Luck ly $500 came from Sand Coulee early the following morning and he was compelled to honor the check he had already protested, and charged us with protest fees. Could any one in my position doubt his intentions of then and there attaching our store, while I was absent? Did he not do ever, thing in his power to place me in a position with my eastern creditors that would alarm them and possibly send their claims here to be collected at once, in which event he would be ready to strike the first blow? It is no doubt right for our papers to shield home institutions, but in this case I think I am entitled to let my friends know who is at the boitom of this plot. I think I can truthfully say that I have done as much perhaps as any citizen in Great Falls to help home institutions-banks included. I allowed my checks to go to protest with the Cascade bank when they had a "run" in order to help them keep their currency, at the same time having large balances to my credit. I personally guaranteed deposits on anotner bank when I was having trouble and, at the risk of loosing my customers, kept them from drawing their deposits when I thought the bank was in danger and I dould do a little to hel, them. Under these circumstances I feel that I am entitled to some consideration in this matter, when two firms are endeavoring to rob me of what little I have, without the slightest grounds for SO doing. Very respectfully ANDREW JENSEN.