1223. Bank of Breckenridge (Breckenridge, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 8, 1882
Location
Breckenridge, Colorado (39.482, -106.038)

Metadata

Model
gpt-5-mini
Short Digest
05660fcb

Response Measures

None

Description

Multiple contemporaneous newspaper reports (dated Dec. 8–9, 1882) state the Bank of Breckenridge suspended on Dec. 8, 1882. Articles describe it as a small concern and note the suspension; none report a run, reopening, or receivership. Because there is no evidence of reopening in these items and suspensions at the time often preceded failure, I classify this as suspension_closure while noting the absence of explicit receivership or takeover information in the provided clippings.

Events (1)

1. December 8, 1882 Suspension
Cause Details
No explicit cause given in the articles; contemporaneous reports simply note the bank 'suspended' and that it was a 'small concern'.
Newspaper Excerpt
The Bank of Breckenridge, at Breckenridge, Colorado, suspended this morning.
Source
newspapers

Newspaper Articles (8)

Article from Savannah Morning News, December 9, 1882

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Article Text

BRIEF NEWS SUMMARY. Marshal MacMahon is reported seriously ill. In the Chamber of Deputies yesterday the budget was adopted by a vote of 454 to 46. The bark Anders Dedekan, from Stettin for Charleston, has been damaged in collision and has been ashore. Albert Sanders, colored, was hanged at Charleston, Mo., yesterday, for the murder of Moses Wing, also colored. The Bank of Breckenridge, at Breckenridge, Colorado, suspended yesterday morning. It was a small concern. Official returns of the vote for Governor in New Hampshire give Hale, Republican, 38,417: Edgerly, Democrat, 36,919; scattering, 936; Hale's majority, 542. Hong Ah Duck was executed at Fair Rafare, Cal., yesterday. The murderer was an inmate of the penitentiary, and in October, 1880, he stabbed to death a fellow Chinese convict. The Chambers of Commerce of all the seaports of Germany have protested against the exclusion of American pork. The government, however, will persevere in their determination to prohibit its importation. The Dublin Freeman's Journal says: "Davitt intends to subpoena Mr. Gladstone and Mr. Trevelyan, Chief Secretary for Ireland, to depose at his trial as to the influence of the agitation in Ireland on the passage of the land bill. In the star route trials, yesterday was spent in argument as to the number of peremptory challenges to be allowed each side in forming the jury. Judge Wylie adjourned the court at the close of the argument, and will announce his decision on Monday, The paint shop and car shed of the Richmond and Danville Railroad Company, on the south side of James river, opposite Richmond, Va., was burned last night. Also one passenger coach and express car. The foundry was also damaged. The total loss is about $10,000. Insured. A Donaldsonville, Louisiana, speeial says that Gustave Paul was changed in the jail yard at twelve minutes past one yes. terday afternoon. Two thousand people witnessed the execution. Paul made a short speech, saying he was ready to go. He was executed for the murder of Eve Thompson. Yesterday morning a fire at the works of the Sagmaw Barrel Company destroyed the factory, saw mill, drill house, a large quantity of the products of the works and about two million feet of lumber. The loss will approximate $175,000, and is understood to be fully insured. One hundred and fifty men are thrown out of employment. The city syndicate of New Orleans yesterday brought an action in the Civil District Court against the Louisville and Nashville Railroad Company and the city of New Orleans to annul and set aside the compromise relative to the Batture property, worth considerably more than half a million dollars. This property the city consented to transfer to the railroad company for the nominal sum of forty thousand dollars, The suit is brought to prevent the consumination of this agreement.


Article from Daily Globe, December 9, 1882

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Article Text

Bank Failure. $ DENVER, Dec. al-Timebank of Breckenridge, Col.,. auspended this forencon. It was a smallaffair. Their-failure is-regard ed as unimportant by bankers here.


Article from New-York Tribune, December 9, 1882

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Article Text

FAILURES IN COLORADO. THE DENVER FIRE INSURANCE COMPANY AND THE BANK OF BRECKENRIDGE SUSPEND. DENVER, Dec. 8.-The Denver Fire Insurance Company has failed. It was organized fifteen months ago, with a capital stock of $1,000,000, of which over one-fourth was paid in. The officers were: A. C. Fiske, president; A. H. Russell, vice-president, and R. P. Goddard, secretary. On January 1, 1882, they made a most fla. tering statement of the company's condition. It now appears that the company never had a dollar of capital in money in the treasury, and its only assets consisted of a few unsecured individual notes and tracts of unimproved land in the Southern States, to which they hold an imperfect title. The Bank of Breckenridge, at Breckenridge, Col., suspended this morning. It was a small affair, and the failure is regarded as unimportant by bankers here.


Article from Memphis Daily Appeal, December 9, 1882

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DENVER, COL, December 8.-The Denver Fire Insurance Company has collapsed. It organized fifteen months ago with a capital stock of $1,000,000, of which over a fourth was paid in. It elected A. C Fisk president, A. H. Russell vice-president, and R P. Goddard secretary, who, on January 1, 1882, made.a most flattering statement of the company's condition. It now transpires that it never had a dollar of the capital in money in the treasury, and the only assets consisted of a few unsecured individual notes and tracts of unimproved land in the Southern S ales, to which they held an imperfect title. There is trouble ahead. The Bank of Breck. ieridge, Breckioridge, Col., suspended this morning. It was & small affair. The failare is regarded as unimportant by bankers here.


Article from Evening Star, December 9, 1882

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A FRAUDULENT INSURANCE COMPANY AND A BROKEN BANK.--The Denver (Col.) Fire Insurance company has collapsed. It was organized fifteen months ago with a capital stock of $1,000,000. On January 1, 1882. the officers made a most flattering statement. A telegram from Denver says : "It now transpires that the company never had a dollar in the treasury, and its only assets consisted of unsecured notes and tracts of unimproved land to which they hold an imperfect title." The bank of Breckenridge at Breckenridge, Col., suspended this morning.


Article from Knoxville Daily Chronicle, December 10, 1882

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Bank Suspended-But a Small Concern. DENVER, COL., December 8-The Bank of Breckinridge, at Breckinridge, Col., suspended this morning. It was a small concern.


Article from The Daily Dispatch, December 10, 1882

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Brief News Items. The Bank of Breckenridge, at Breckenridge, Col., suspended Friday. The Georgia Legislature adjourned Friday night to reconvene on the first Wednesday in July next. The Governor of Massacbusetts has appointed Oliver Wendell Holmes, Jr., to be justice of the Supreme Court, in place of Judge Low, resigned. Stilson Hutchins retired from his connection with the Manchester (N. H.) Union yesterday, transferring his interest to his associate, Joseph C. Moore. The case of T. H. Jones, secretary of the Royal Marriage Association, in jail at Nashville, Tenn., for misappropriation of funds, has been continued to the 22d instant, to allow time for investigation of the books of the Association. Hon. W. T. Dortch, of Wayne county, N.C., is officially announced as a candidate for the United States Senate to succeed Hon. M. W. Ransom. The election will be made by the Legislature. which meets In January. Friday's session of the Butter, Cheese, and Egg Convention at Milwaukee was devoted to speeches, reports of committees and awarding of premiums. The convention closes to-day. It has been satisfactory, but the accompanying dairy fair was a financial failure. A passenger train bound from Macon, Ga., for Montgomery, Ala., ran off the track near Eufaula, Ala., on Friday, and was thrown a hundred yards down an embankment. Every person on the train was more or less injured, but no one was killed. The war on gambling-houses in Chicago continues. The unusual scene of a daylight raid was witnessed Friday afternoon. It was a house that had recently been raided, but was running again. About thirtyfive persons were arrested, and a lot of gambling implements were seized. A number of Israelite merchants on Avenue B, New York, have obtained in the Superior Court a temporary injunction restraining the Police Commissioners from interfering with them in their Sunday trade. A Christian baker joins with them, claiming that his business is a necessity. Israelites are exempted from the operation of the code where they prove that they have kept "holy" another day than Sunday. The cases will be argued on the 19th instant. The City Syudicate of New Orleans on Friday brought action in the Civil District Court against the Louisville and Nashville Railroad Company and the city of New Orleans to annul and set aside a compromise relative to the Batture property, worth considerably more than $500.000. This property the city consents to transfer to the railroad company for the nominal sum of $40,000. The suit is brought to prevent the consummation of this agreement.


Article from Omaha Daily Bee, December 22, 1882

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COLORADO. The bank of Breckinridge has BLUEpended. Denver's new city hall has already been condemned. Colorado's beer tax for the past year has been $87,381. It is estimated that the Grand river will water 1,800,000 acres of land. The contracts already let on the new Lewis house at Gunnison reach over $133, 000. Ore shipments from Silverton for the month of February amounted to 2,455,326 pounds. It is said that 9,321 people living in the