1236. Jb Wheeler Banking Company (Manitou Springs, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 20, 1893
Location
Manitou Springs, Colorado (38.860, -104.917)

Metadata

Model
gpt-5-mini
Short Digest
c6adc8a35cb34343

Response Measures

None

Description

Two contemporaneous Colorado newspapers (Jul 28–29, 1893) list the J. B. Wheeler Banking Co. of Manitou among a number of country banks that suspended, with suspensions announced on the 20th. No article mentions a run, reopening, or receivership. The timing (summer 1893) suggests these suspensions were part of the wider financial distress of 1893, so I classify the cause as macro_news. Permanent closure/receivership is not explicitly stated in the excerpts; I selected suspension_closure as the most likely outcome given the broader panic and lack of reopening information, but this is not confirmed in the provided texts.

Events (1)
1. July 20, 1893 Suspension
Cause
Macro News
Cause Details
Listed among multiple country banks suspending during the widespread financial distress of July 1893 (panic of 1893).
Newspaper Excerpt
The First National of Canon City, the J. B. Wheeler Banking Co. of Manitou and Colorado City, and the First National of Grand Junction.
Source
newspapers

Newspaper Articles (2)
1. July 28, 1893 The State Herald Holyoke, CO
Article from The State Herald, July 28, 1893

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Article Text

Outside of Denver, A number of country banks have suspended, among the number being the Union Bank of Greeley, the J. B. Wheeler Banking Co. of Aspen, the Bank of Loveland and the Bank of Sterting. The following suspensions were announced on the 20th: The First National of Canon City, the J. B. Wheeler Banking Co. of ManItou and Colorado City, and the First National of Grand Junetion.

2. July 29, 1893 The Meeker Herald Meeker, CO
Article from The Meeker Herald, July 29, 1893

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Article Text

Outside of Denver. A number of country banks have suspended, among the number being the Union Bank of Greeley, the J. B. Wheeler Banking Co. of Aspen, the Bank of Loveland and the Bank of Sterling. The following suspensions were announced on the 20th: The First National of Canon City, the J. B. Wheeler Banking Co. of Manitou and Colorado City, and the First National of Grand Junction.