1239. Jb Wheeler Banking Company (Colorado City, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 20, 1893
Location
Colorado City, Colorado (37.945, -104.835)

Metadata

Model
gpt-5-mini
Short Digest
6b9738e8

Response Measures

None

Description

Contemporary reports (July 20, 1893) list the J. B. Wheeler Banking Co. of Colorado City among a number of country banks that suspended. A February 1894 note states the bank has paid all its depositors, indicating final settlement/liquidation rather than reopening. No article describes a depositor run prior to suspension.

Events (2)

1. July 20, 1893 Suspension
Cause
Macro News
Cause Details
Listed among numerous country banks that suspended in mid-July 1893 during a wider wave of bank suspensions (panic/depression context).
Newspaper Excerpt
The J. B. Wheeler Banking Co. of Manitou and Colorado City... were announced on the 20th
Source
newspapers
2. February 1, 1894* Receivership
Newspaper Excerpt
The J. B. Wheeler Banking Company of Colorado City, which suspended last July, has paid all its depositors.
Source
newspapers

Newspaper Articles (3)

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.


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.


Article from The State Herald, February 2, 1894

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Article Text

Western News Notes. It is stated that Greeley has 1,500 car loads of potatoes still unmarketed. Park county, Colorado, claims to have the smallest delinquent tax list in the state. The new coal bank opened at Clear mont, Wyoming, is said to produce a fine quality of lignite. Martin McAloon, a prominent stone cutter of Denver was run over and killed by the cars while at Pueblo last week. The J. B. Wheeler Banking Company of Colorado City, which suspended last July, has paid all its depositors. Loveland, Colorado, parties are building a toll road to Estes Park and propose to extend it thenee to Middle and North Parks. Marshall Pass and the Cumbres Pass on the southern branches of the Rio Grande road have had unusually light snow falls this season. Montana's total production of gold and silver since 1880, as shown by official reports, amounted to $161,149,360 in silver and $40,392,152 in gold. Carbon, Wyoming, people desire to purchase the townsite from the Union Pacific Railroad Company, which now owns the land the town stands on. The Saguache reservoir contract was let to W. E. Dodge of Leadville for $27,259 and now active preparations are being made for pushing the work. Lamar suffered from a fire on the 23rd. The European hotel and other buildings were destroyed. The loss amounted to $7,500 with insurance of $4,650. Lincoln county, New Mexico, cattle and horse men have called a meeting at Lineoln to organize for protection against sheep herders' invasion from Texas. Johnson county, Wyoming, oil lands are being rapidly entered by Omaha parties. Last week ninetyseven entries were recorded, conveying 15,000 acres of oil land in that county. Johnson county will some day be an immense oil field. C. R. Johnson, a ranehman residing in the northern part of Fremont county, Wyoming, has discovered a vein of coal four feet thick and forty feet wide near the town of Otto. It is a first-class domestic article. The mine will be opened at once. The jury in the United States Court at Cheyenne acquitted William Masi, ex-postinaster at Cheyenne, of the charge of having embezzled $1,335 of postoffice funds which were deposited in the Cheyenne National bank at the