Aspen National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 4733
Charter Number: 4733
Start Date: July 19, 1893
Location: Aspen, Colorado (39.191, -106.818)

Metadata

Model: gpt-5-mini
Short Digest: cf3a4f43

Response Measures

None

Description

Article (Jul 19, 1893) reports a run on the Aspen National Bank with ~1,000 people in line after the closing of the Wheele (Wheeler) Banking Company in Aspen. No suspension, reopening, or receivership for Aspen National is mentioned.

Events (3)

1. April 25, 1892 Chartered

Source: historical_nic

2. July 19, 1893 Run

Cause: Local Banks
Cause Details: Run triggered by the closing of the Wheele (Wheeler) Banking Company in Aspen, causing depositors to withdraw from the National bank.
Newspaper Excerpt: A run is now being made on the National and the greatest excitement prevails; 1,000 people are in line drawing their deposits.
Source: newspapers

3. April 9, 1894 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. July 20, 1893 St. Paul Daily Globe Saint Paul, MN

Article from St. Paul Daily Globe, July 20, 1893

Click image to open full size in new tab

Article Text

OTHER Small Banks Go Up-Dry Goods Lumber and Other House Close. ASPEN, Col., July 19.-The Wheele Banking company, the pioneer bank the city, closed its doors at 2 o'clock afternoon. A statement of its affair cannot be learned at present. A notice on the door reads: "This bank has closed and is in hands of Benjamin Ferris." A run is now being made on the National and the greatest excitemen prevails; 1,000 people are in line draw ing their deposits. LOVELAND, Col., July 19.-The lowing notice was posted upon the of the Bank of Loveland just before noon today: "Owing to the closing of our Denve correspondents, we have decided close our doors temporarily. Our are largely the excess of our liabilities Every depositor will ue paid in full. Cashier TILLING "I "D" The principal correspondent of bank in Denver was the German tional. ASPEN. Col., July 19.-The stock dry goods of Schilling & Co., who recently closed by attachments, sold at a sheriff's sale at 1 o'clock to Aspen National bank for $12,500. It understood that the sale was a compro mise. and the firm will resume ness. The attachments amounted upward of $50,000. DENVER, July 19.-The North ver bank closed its doors late yesterda afternoon. There was no great run, the bank had been unable to realiz upon its securities and was short funds. The depositors have been sured that they will be paid 100 on the dollar. W. H. Yankee is vice president and S.S. Kennedy president The Tucker Skirt and Furnishing company, doing business on Sixteent street. assigned today to Charles pie. The assets are placed at $35,000 and the liabilities amount to $13,000. The Hallack-Sayre-Newton Lumbe company has assigned to Frederick Sayre. No schedule given. F. 11. Sayre, the assignee, sald tha the assignment was the direct result the closing of the State National and was simply necessary to gain tim during the present excitement. firm is one of the most extensive in city. The Blake Lumber company assigne to Emmett B. Annis. No schedul filed. This company was slightly nected in a business way with the The Palace drug store, corner teenth and Curtis, made an assignmen to F. F. Sayre, of the Hallack-Sayre Newton Lumber company, the assign ment being due to the failure of thi company. J. II. Naylor, a furniture dealer Fifteenth street, assigned this morning Simon T. Thorn for the benefit of