1247. First National Bank (Cripple Creek, CO)

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 4845
Charter Number: 4845
Start Date: April 30, 1896
Location: Cripple Creek, Colorado (38.747, -105.178)

Metadata

Model: gpt-5-mini
Short Digest: abaf1e54

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions

Description

April 1896 conflagration destroyed the bank's building and vaults (bank operated in temporary quarters afterward). In January 1897 a run occurred triggered by a man who, after being refused a loan, circulated a report the bank would not open; small depositors were paid, a special train brought $50,000, and officials stated the bank had ample funds. The bank did not suspend or close in these reports.

Events (3)

1. February 3, 1893 Chartered

Source: historical_nic

2. April 30, 1896 Other

Newspaper Excerpt: The First National bank ... burned as if they were made of paper. The First National Bank, while it was the leading Institution in the district, was without proper facilities for holding the $150,000 or more of deposits that were intrusted to it. Since the last fire the bank has had temporary quarters in the new burned district, where there were no vault accommodations.
Source: newspapers

3. January 2, 1897 Run

Cause: Rumor Or Misinformation
Cause Details: A man who was refused a small loan circulated a report the bank would not open, prompting small depositors to line up and withdraw funds.
Measures: Small depositors were paid on demand; a special train brought $50,000 from Colorado Springs; officers reassured public and accepted further deposits.
Newspaper Excerpt: There was a run today on the First National bank, which the bank officials say was caused by the circulation of a report that the bank would not open today by a man whom they refused a loan. Small depositors formed in line and were paid.
Source: newspapers

Newspaper Articles (17)

1. April 27, 1896 The Portland Daily Press Portland, ME

Article from The Portland Daily Press, April 27, 1896

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CRIPPLE CREEK IN RUINS. Famous Mining Camp Goes Up in Smoke. One Million Considered a Moderate Estimate of the Loss, With an Insurance Not a Quarter of That-Burned District Will Be Rebuilt. Cripple Creek, Col., April 25.-The main portion of the business section of this city is in ashes tonight and charred timbers and crumbling walls now mark the sites of what were the best business blocks of the town. One million dollars is considered a conservative estimate of the damage while the loss is estimated as high as two millions. As nearly as can be estimated at a late hour tonight, the insurance will not exceed $250,000. At one this afternoon, a fire originated in Carey's second hand store. The firemen responded quickly and the blaze was not thought to be serious but a sudden change in the wind caused the flames to quickly spread to adjoining buildings. Then it was conceded that half a dozen buildings on the corner of Meyer and Third streets would be destroyed and the occupants made a hasty preparation for the removal of their goods to places of safety. Every moment ADDED TO THE FURY of the flames and, as they spread rapidly from house to house, the people began to realize that an enormous conflagration would take place. Every vehicle in town was pressed into service by merchants, anxious to save the contents of their stores, and great confusion existed during which a number of casualties occurrred from runaway teams. The merchants were not successful in removing their goods, the flames spreading with such rapidity that not more than one tenth of their wares were saved. When the post office caught, it became evident that DESPERATE MEANS must be adopted to stop the spread of the flames and the water supply being poor the firemen decided to resort to the use of a dnamite. A number"of outbuildings were thus sacrificed before the fire reached them. During the progress of the explosions, a fireman whose name cannot be learned was probably fatally injured by having one of his legs blown off. Late this evening the fire was under control having destroyed the entire district surrounded by Warren, Eaton, Thorn and Fourth streets, comprising four entire blocks. The buildings included in the burned district are the First National bank, the Gold and Stock exchange, post office, the Topic and Central threatres, the city jall, and several large rooming houses and hotels. All the mails in the post office were destroyed. Great excitement prevailed at the city jail and as the prisoners could not be cared for elsewhere Marshal Jim Marshall threw open the doors and released the convicts. The telegraph and telephone service were for a time completely suspended but tonight communication has been restored. The burned district will be rebuilt at once.

2. April 30, 1896 The Record-Union Sacramento, CA

Article from The Record-Union, April 30, 1896

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MOSS Estimated au Millions of Dollars. All That is Left of the Camp is "Old Town," the Residence Section Northward, and a Few Scattering Places About the Florence and Cripple Creek Yards-One Thousand People Rendered HomelessThe Fire Undoubtedly of Incendiary Origin-At Least Two Lives Known to Have Been Lost. CRIPPLE CREEK, April 29.-The ensection of ashes and the in Mayor most tire business to-night, despair. this people Steele city has are is in- al- in vited assistance from neighboring towns in the way of tents for the homeless, but the police department feel able to cope with the situation. All that is left of the camp is "Old Town," over to the east. Capitol Hill, the residence section northward, and scattering places about the Florence and Cripple Creek yards. West Cripple Creek, across the Freeman Placer, was also spared. The loss cannot fall short of $2,000,000, and the heaviest insurance loss comes by this second conflagration. of All the substantial business houses both brick and wood, the leading hotels, office buildings and better class of retail in shops all went up in smoke or lay chaos as the result of the use of dynamite exploded to stay the flames. The ended only when the resiwas conflagration dence portion reached the and flames open spaces occurred across which could not reach. fire, which was of undoubted instarted in the Hotel on Second street cendiary The origin, shortly the Portland south after noon. A brisk breeze from was blowing at the time, and the fire rapidly gained such headway that even dewith a good water pressure the fire partment was unable to check the pro- The gress of the increasing flames. Portland was a great rattletrap. and offered the best kind of kindling for the beginning of a conflagration. The entire town was quickly set into panic by this fire, for they had not rea covered from their terrible experience delay of last Saturday Without everybody began to prepare to pack the up get away, but so rapid was progress and of the flames that the people soon became panic-stricken and chaos to ensued. It is absolutely impossible folportray in words the scenes which lowed until the flames had spent their powers. Teams were lashed up and down the streets by excited men; people with bundles and papers were rush- their ing pell-mell to the northward; shouts, the booming of the flames, the crashing of falling timbers following the explosions, all made one confused, unintelligible roar. From the hights above the scene must have been an impressive one, but few stopped to witness the sight. Every- their body on the hills hastened to lend to assistance by rushing into town which away valuables, much of will carry hereafter remain unidentified. At the first hint of looting property the police, aided by the citizens, gave prompt notice that death would be the fate of all thieves, and the story was alafloat early that several thieves had to ready been shot and their bodies left be cremated in the conflagration. of many lives lost added and the Rumors general consternation. exploded, when the to boilers of the Palace Hotel the killing and injuring several people, citipanie-stricken, crazed and excited zens rushed about without apparent purpose The fire or originated object. in the kitchen of Portland Hotel, which stood on Secthe street, between Warren and Myers end Back of it was a lumber yard avenues. several small buildings. In an and time the roof of the hotel had falhour's len in, and the flames were leaping across to adjoining blocks. furniture store was blown the up Booth's dynamite in an effort to check building by but in vain. The Maloney and fire, next wrecked, with its lawyer restauwas estate offices, the Fair, a real and then the Palace drug store,op- second rant, posite the Palace Hotel, on the corner above the Portland. Second street the Masonic the Across a two-story brick, stayed efforts eastward, and made to prevent its were progress Temple, heroic burning. Myers and avenues this time everybody on adjacent By and on six of East Bennett began to move out. ignited the blocks street falling embers up on Third buildings hastily set 4 o'clock temporary burned district. By and up the first town was .ablaze, the whole Carr avenue people were household moving above out their most valuable goods. On the corner of Second National and Bennett Bank, the Bimetallic Minstood next to it, in the Cripple Creek home and Exchange, was the temporary All the ing First National Bank. and of the was locked up in the vaults, the flames money place abandoned when North of the the the clerks out. which crowded banks were the telephone offices, had to be abandoned. veered in the afternoon the wind Late to the east, driving the course sparsely of around conflagration to the more and the fire the residence district, school buildbuilt up leaving the high remaining in ing died the out, only one of any size the list camp. of business houses destroyed size in The include every firm Postoffice, of any dry would city. Banks, hotels, professional livery goods, the hardware, restaurants. clothing. rooming-houses and offices, barns, big gambling halls many residences. realized that the fire When now It die was hills out began the a people wild scramble who had to hundreds would raced find to quarters the for the quickly night. away Special to Victor trains bore and to Florence and to Colorado

3. April 30, 1896 Evening Star Washington, DC

Article from Evening Star, April 30, 1896

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Distress in the Once Prosperous Cripple Creek. SUMMARY DEALING WITH A FIREBUG The Loss is Estimated at a Million and a Half. BLOWING UP THE BUILDINGS CRIPPLE CREEK, Col., April 30.-Thousands of homeless people shivered about camp fires or wandered among the ruins of this once prosperous city through the night. The cold wave was severe, and toward morning snow began to fall. During the night for a distance of a mile to the right and left the burning embers presented a sight most incomparable. Standing on the hill beyond the burned district and to the west the picture was one of a huge bowl, with the steam arising above. Everywhere along the thoroughfares can be seen the work of the dynamite, a great mass of kindling wood. Work of the Dynamiters. While the fire was raging here yesterday afternoon, special trains were run from Victor and Gillette, to bring in miners with sticks of dynamite, ready to use wherever there was any call for it. It was more common than water at a city fire, and the lavish use was productive of many fatalities. The Palace Hotel, containing 300 rooms, was one of the first places attacked with dynamite, and from the results It would appear that no warning was given of the impending explosion. As the walls tottered in response to the tremendous charges of giant powder, the air was filled with shrieks of dying men. who nad been caught in their rooms and draged down in the wreck. Before the wreckers could offer any aid; they were driven tack by the flames that were rolling over the site of the hotel. The dynamiters fled to save their own lives, and the loss of life at the Palace is merely a matter of conjecture. Burned Like Paper. The Bimetallic Bank and the First National Bank burned as if they were made of paper. The First National Bank, while it was the leading Institution in the district, was without proper facilities for holding the $150,000 or more of deposits that were intrusted to it. Since the last fire the bank has had temporary quarters in the new burned district, where there were no vault accommodations. To add to the apprehensions of the stockholders and depositors, the explosion of the dynamite leaves nothing to be eecovered from the ruins. Volunteers operating without guides or reason are credited with blowing up the buildings. After the explosion at the Palace Hotel, the crowd that had followed the fire paused for a moment. and the people began to glow vehement in their denunciations of the dynamite's, and there were several warm encounters between disputants. While a riot was impending, the flames worked their way toward the crowds that blocked Bennett avenue, and the advantage gained by the destruction of the hotel was lost by not removing the debris. A company of the Colorado National Guard is on duty in the unburned district. Numerous arrests have been made in the outside district, resort to which has been made by the vagrant element, which lately has infested Cripple Creek. All night fires were starting up occasionally on the placer. Where possible, the residents pulled the houses down, and, if that failed, blew them up. They had no water in that portion of the city A rumor is in circulation that a man was seen in the act of setting fire to a dwelling on Capitol Hill, and was shot by a resident, just as a firebug was shot and killed by Floyd Thompson yesterday afternoon. Mayor Doyle of Victor has employed two fire wardens for every business block in that city, as it has been rumored that the firebuys are after that town as well as Cripple Creek. A man was caught in the very act of firing the rear of the Newell Hardware Company's store. He is in jail. The Losses. The total loss by yesterday's fire is estimated at $1,500,000. The insurance will probably foot up between $400,000 and $300,000. The heaviest losers are as follows: Louis Weinburg, clothing store, $40,000; Palace Hotel, $40,000; Portland Hotel, $20,000: furniture, $7,000; insurance on furniture, $6,000; W. T.Booth, furniture, $50,000; Wright Hardware Company, $20,000; El Paso Lumber Company, $20,000; Heller's drug store, $20,000. Many other individual losses run as high as $20,000. All the local newspapers, banks and express offices and nearly all the stores and restaurants and lodging houses are wiped out. Two men were caught building a fire under a saloor. in Poverty Gulch. An officer fired four shots at them, and they were captured. In their possession was a bunch of skeleton keys. Ruin Caused a Suicide. DENVER, Col., April 30.- Robert Campbell, forty, himself through in this city today. was deshooting residence aged committed the heart He suicide at his by on account of pracall his in the fire at spondent speculation tically possessions having in Cripple worth mining lost $100,000. Creek. stock He was recently considered He leaves a wife and four children. The widow attempted to shoot herself after discovering the act of her husband, but was restrained. BOURKE COCKRAN'S BAD FALL

4. April 30, 1896 San Antonio Daily Light San Antonio, TX

Article from San Antonio Daily Light, April 30, 1896

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run from Victor and Gillett to bring miners with sticks of dynamite ready to use wherever there was a chance for it. It was more common than water at a city fire, and the lavish use was productive of many fatalities. The Palace hotel containing 300 rooms was one of the first place attacked by dynamite and from the results it would appear that no warning was given of the impending explosion. As the walls tottered, in response to the tremendous charges of giant powder, the air was filled with shrieks of dying men who had been caught in their rooms and dragged down in the wreck. Before the wreckers could offer any aid they were driven back by the flames. The dynamiters fled to save their own lives and the loss of life at the Palace is rally a matter of conjecture. The Bimetalic bank and the First National bank burned as if they were of paper. The first National bank while it was the leading institution of the district was without proper facilities for holding the $150,000 or more of deposits that were intrusted to it. Since the last fire the bank has had temporary quarters in the newly burned district where there were poor vault accommodations. To add to the apprehensions of the stockholders and depositors, the explosion of dynamite leaves nothing to be recovered from the ruins. Volunteers operating without guides or reason, are credited with blowing up the buildings. After the explosion at the Palace hotel, the crowd that had followed the fire paused for a moment and the people began to grow vehement in their denunciation of the miners and their work. While a riot was impending the flames worked to. ward the crowds that blocked Bennett avenue and the advantage gained by the destruction of the hotel was lost by not removing the debris. Thousands of homeless people shivered about camp fires or wandered among the ruins of this once prosperous city throughout last night. The cold was severe and toward morning snow began to fall. During the night, for a distance of a mile to the right and left, the burning embers presented a sight almost incomparable. Everywhere along the thoroughfares can be seen the work of dynamite in a great mass of kindling wook. One company of the Colorado National Guard is on duty in the burned district. Numerous arrests have been made in the outside districts, resort to which had been made by the vagrant element which lately has infested Cripple Creok. All night fires were starting up occasionally on the placer. Where possible, residents pulled their houses down or that failing, blew them up, They had no water in that part of the city. It is rumored a man was seen setting fire to a dwelling on Capitol hill, and was shot by a resident, just as a fire bug was shot and killed by Floyd Thompson yesterday afternoon. Mayor Doyle, of Victor, has employed two fire wardens for every business block of that city, as it has been rumored that the firebugs are after that town as well as Cripple Creek. A man was caught last evening in the act of firing the rear of the Newell Hardware company's store. He is in jail. The total loss by yesterday's fire is estimated at $1,500,000. The insurance will probably foot up between $400,000 and $500,000. The heaviest losers are Louis Weiberg, clothing store, $40,000; Palace hotel, $40,000; Portland house, $20,000; Wright Hardware Co., $20,000; El Paso Lumber Oo., $20,000; Heller's drug store, $20,other losses

5. April 30, 1896 The Providence News Providence, RI

Article from The Providence News, April 30, 1896

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Tragic Results Follow the Use of Dynamite. Cripple Creek Again Devastated by a Big Fire. Palace Hotel Blown Up--No Warning Given the Guests. CRIPPLE CREEK, Col., April 30.-While the fire was raging here yesterday afternoon, special trains run from Victor and Gillette to bring in miners with sticks of dynamite ready to use wherever there was any call for it. It was more common than water at a city fire and the lavish use was productive of many fatalities. The Palace Hotel, containing 300 rooms was one of the first places attacked with dynamite and from the results it would appear that no warning was given of the impending explosion. As the walls tottered in response to the tremendous charges of giant powder, the air was filled with shrieks of dying men who had been caught in their rooms and dragged down in the wreck. Before the wreckers could offer any aid, they were driven back by the flames that were rolling over the site of the hotel. The dynamiters fled to save their own lives and the loss of life at the Palace is merely a matter of conjecture. The Bimettallic Bank and the First National bank burned as if they were made of paper. The First National Bank, while it was the leading institution of the district, was without proper facilities for holding the $150,000 or more of deposits that were intrusted to it. Since the last fire the bank has occupied temporary quarters in the now burned district, where there are no vault accommooations. To add to the apprebension of the stockholders and depositors the explosion of the dynamite leaves nothing to be recovered from the ruins. Dynamiters operating without guides or reason are credited with blowing up the buildings. After the explosion at the Palace Hotel the erowd that had followed the fire paused for a moment and the people began to grow vehement in their denunciation of the dynamiters and there were several warm encounters between disputants. While a riot was impending the flames worked toward the crowds that blocked Bennett avenue and the advantage gained by the destruction of the botel was lost by not removing the debris. Thousands of homeless people shivered about camp fires or wandered among the ruins ofthis once prosperous city throughout the night. The cold was severe and toward "morning, snow began 10 fall. During the night for a distance of a mile to the right and left burning embers presented a sight most incomparable. Standing on the hill beyond the burned dis. trict and to the west, the picture was one of a huge bowl, with the steam arising above. Everywhere along the thoroughfares can be seen the work of the dynamite, a great mass of kindling-wood. A company of the Colorado National Guar is on duty in the unburned[district. Nu merous arrests have been made in the outside district, resort to which has been made by the vagrant element which lately has infested Cripple Creek. All night fires were starting up occasionally on the places. Where possible. the residents have pulled the houses down and if that failed blew them up. They had no water in that portion of the city, A rumor is in circulation that a man was seen in the act of setting fire to a dwelling on Capitol Hill, and was shot by a resident just as a fire bug was shot and killed by Floyd Thompson yesterday afternoon. Mayor Doyle of Victor has employed two fire wardens for every business block in that city as it has been rumored that firebugs are after that town as well as

6. May 1, 1896 The Record-Union Sacramento, CA

Article from The Record-Union, May 1, 1896

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Seventeen Blocks Laid in Ruins by the Conflagration on Wednesday. The Cause of the Fire Still a Matter of Speculation. The Wants of the Hungry and WornOut Men, Women and Children Being Rapidly Satisfied by the Relief Committee-The Citizens of the Devasted City Determined to Rid the Place of All Tramps and Crooks. CRIPPLE CREEK (Col.), April 30.The cause of yesterday's fire is a matter of speculation. A waitress in the Portland Hotel was in the kitchen when the blaze first broke through the partition wall, and she states that the fire originated in the Chicago restaurant, adjoining the hotel. But the fire burst out simultaneously from SO many places as to still leave the impression that arson was committed. Coal oil fumes were detected about the schoolhouse to-day, and some women created a sensation this afternoon by telling of seeing two men trying to set fire to a residence near the reservoir. One unknown man was killed yesterday, one shot and a number of suspects were arrested during the night and locked up in box cars in lieu of any better place to confine criminals. The burned district of yesterday covered seventeen blocks. The Masonic Temple building was but partially destroyed, and there a mass meeting of citizens was held to-day to consider the grave situation. Committees were named to take charge of the relief work, and headquarters were opened at the Midland Terminal depot and the two schoolhouses. Men, women and children, cold, hungry and worn out with their hardships of the night, flocked about the depot when the relief from Denver and Colorado Springs arrived at 6 o'clock this morning. Their wants were soon satisfied, the tents were rapidly set up, and by noon something like order prevailed. What provisions were saved from the fire commanded fancy prices, beef selling at $1 a pound and bread 25 cents a loaf. The Frist National Bank opened before 9 o'clock in a warehouse, and money was issued upon demand. The Bimetallic Bank will open to-morrow morning. In the burned district of Saturday's fire the work of erecting temporary buildings was resumed, and the piles of salvage from yesterday's fire which had been carried there were put in something like order to-day. Trains of suppiles of all kinds came in late to-day, and more are announced. The generous response of the entire State is greatly appreciated, and while there will be many cases of suffering during the coming two or three days, the people will soon be able to take care of themselves. There is a determination plainly shown to rid the camp of undesirable crooks and tramps. At noon fifty hobos were lined up and drummed out of town. All arrested suspects were later on sent to Colorado Springs. A vigilance committee has been formed, and no mercy will be shown to violators of good order. This committee will work quietly, and will not give out anything to the public. The result of this policy has been wholesome, and few complaints of thieving have been made. It is impossible to state to-night how many were burned in the fire yesterday All kinds of rumors are afloat, and many persons are missing. Some have gone out of town, and some are off on the hills with friends. At the improvised morgue there are three dead bodies-that of Charles Griffith, a miner, the unknown incendiary killed by Floyd Thompson, and an unidentified miner. The revised list of the injured is as follows: John Rose, broken leg; Claude Stanton, badly bruised; E.W. Lewis, cut and bruised; Tom Sewall, leg injured; George L. Ryden, burned and bruised; J. W. Criger, head and face cut: E. E. Bradway, face badly cut; E. K. Hinckley, cut on head and legs; John Youngstrum, slight cuts; Charles Ragodale, skull injured; Charles McCann, skull fractured. face cut; T W. Gerbeck, head and neck badly cut; Larry Maroney, blown off ladder, seriously injured; E. H. Smith, Superintendent of Water Works, injury to head and face caused by flying glass; Ed Osbey, fireman Davy Hose Company, badly injured; Lee Corcoran, fireman Whitney Hose Company, badly injured; W. S. Fisher, injured; Grant Lewis, foreman fire company, badly injured; Herb Winkler, Davy Hose Company, arm crushed; George Laydon, Georgetown, hands broken and lacerated, head injured; J. W. Lynch, arm blown off; William Walker, mining engineer, seriously injured; John Evans, cut on face and head; Chris Koffmer. fireman, seriously injured. Dr. Crane broke his leg to-day while assisting to lift an injured man out of a wagon. A corps of twenty-five insurance adjusters are trying to figure out their losses. They roughly estimate the property loss at $1,250,000. not more than 20 per cent. of which is covered by insurance. The loss by the two fires will reach $2,000,000, and the total insurance loss about $400,000. There will be little trouble experienced by the officers of the city in preserving the best of order to-night. The people need only rest, food and shelter, all of which has been fairly well supplied to-night. RELIEF FOR THE SUFFERERS. DENVER, April 30.-A second relief

7. May 7, 1896 Delaware Gazette and State Journal Wilmington, DE

Article from Delaware Gazette and State Journal, May 7, 1896

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CRIPPLE CREEK'S HORROR The Destruction Caused by Wednesday's Calamity Terrible. NUMBER KILLED NOT KNOWN Many of the People Homeless and Destitute. Cripple Creek, Col., April 30.-The business portion of this town was destroyed by fire Wednesday. Like the conflagration of Saturday, it was the work of incendiaries. While the fire was raging here special trains were run from Victor and Gillette to bring in miners with sticks of dynamite ready to use where there was any call for them. The Palace Hotel containing 300 rooms, was oue of the first places attacked with dynamite and from the resuits it would appear that no warning was given of the impending explosion. When the walls tottered in response to the tremendous charges of giant power the air was filled with shrieks of dying men who had been caught in their rooms and dragged down in the wreck. Before the wreckers could offer aid they were driven back by the flames that were rolling over the site of the hotel. The dynamiters fled to save their own lives and the loss of life at the Palace is merely a matter of conjecture. The Bimetallic Bank and the First National burned like they were made of paper. The First National, while it was. the leading bank of the district, was without proper facilities for holding the $150,000 or more of deposits that were intrusted to it. Since the prepreceding fire the bank had temporary quarters in the new burned district, where there were no vault accommodations. To add to the apprehension of the stockholders and depositore the explosion of the dynamite leaves nothing to be recovered from the ruins. Volunteers operating without guides or reason are credited with blowing up the buildings. After the explosion at the Palace Hotel the crowd that had followed the fire paused for a moment and the people began to grow vehement in their denunciations of the dynamiters and there were several warm encounters between disputants. While a riot was impending the flames worked towards the crowds that blocked Bennett avenue and the advantage gained by the destruction of the hotel was lost by not removing the debris. Thousands of homeless people shivered about the camp fires or wandered about the ruins throughout the night. The cold was severe and toward morning snow began to fall. A company of the Colorado National Guard is on duty in the unburned district. Many arrests have been made in the outside district, resort to which has been made by the vagrant element which lately infested Cripple Creek. A rumor is in circulation that a man was seen in the act of setting fire to a f dwelling on Capitol Hill and was shot 5 by a resident, just as a fire-bug was shot and killed by Floyd Thompson yesterday afternoon. b Mayor Doyle of Victor has employed two fire wardens for every business block in that city, it being rumored that fire-bugs are in that town as well ) as Cripple Creek. A man who was caught in the act of firing the rear of the Newell Hardware Co.'s store is in jail. The total loss by yesterday's fire is estimated at $1,500,000. The insurance will probably foot up between $400,000 and $500,000.

8. January 2, 1897 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, January 2, 1897

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BANK RUN AT CRIPPLE. Depositors Form a Line and Draw Out Their Money. Cripple Creek, Col., Jan. 2.-There was a run today on the First National bank, which the bank officials say was caused by the circulation of a report that the bank would not open today by a man whom they refused a loan. Small depositors formed in line and were paid. No big deposits were touched. A special train was run from Colorado Springs with $50,000. President Parker said: "We have on deposit more than enough - to pay every dollar should it be demanded, but only small depositors seem anxious, and business men, mining men and personal friends are depositing more than is being drawn out.

9. January 2, 1897 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, January 2, 1897

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A Run on is Bank. CRIPPLE CREEK, Colo., Jan, 2-A run Was precipitated on the First National bank today by a man to whom was refused a small loan, saying the bank would not open today. Small depositors formed a line and were paid. No big deposits were touched. A special train was run from Colorado Springs with filty thousand dollars belonging to President J. M. Parker. Parker said: "I have on deposit more than enough to pay every dollar, should it be demanded, but only small depositors seemed anxious, and business men, mining men and personal friends are depositing more than is being drawn out."

10. January 3, 1897 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, January 3, 1897

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IT IS OMAHA'S TURN OMAHA SAVINGS BANK FAILS TO OPEN ITS DOORS. General Manderson, President of the Institution, Declares That it has Ample Resources to Pay all Depositors in FullBank at Fargo, N. D., Fails-Bun on the First National of Cripple Creek-The Van Nortwicks Let the Western Paper Bag Company go-Car Wheel Companies Fail-Other Smashes.

11. January 3, 1897 The Wichita Daily Eagle Wichita, KS

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First National of Cripple Creek-The Van Nortwicks Let the Western Paper Bag Company go-Car Wheel Companies Fail-Other Smashes. Omaha, Jan. 2.-The Omaha Savings bank failed to open its doors this morning, and it is in the hands of the state banking board. A meeting of the clearing house was held yesterday, à most unusual proceeding on a holiday, and it is presumed that they took action which caused the Savings bank to close. The total liabilities of the institution is $830,000, and the assets exceed this sum by $200,000. "The Omaha Savings bank was organized fifteen years ago," said General Manderson, its president. "It was started because of the apparent demand for such an institution in Omaho. It is the oldest bank of that character in the city and the only one that during its career has confined itself structly to the legitimate business of a savings bank. "The bank today owes $750,000 to its depositors and $140,000 to the commercial banks, making the total liabilities cost $890,000. Taking our real estate at our real estate and other securities have simply and at their face value, we liabilinearly $200,000 of assets beyond this While the bank is unable at it ties. to pay its depositors on demand take time amply solvent, and while it will be is time to realize, not a dollar will In some by any double liability addition lost to the the the the the stocknolders.whic the the stockholderswhich swells the amount to at least $1,200,000. expectation is that with careful bank management My of the affairs of the will closing its business, much labor with in saved. The simple fact is that dedebtors be of a bank in these times of and pression unable to pay their loans the cash reserve having run below 5 our cent required by law, for the protec- close per of our depositors, we had to business. tion The community need feel it." no alarm, for there is no necessity for BANK FAILURE AT FARGO.® Minneapolis, Jan. 2.-A special to cit- the Journal from Fargo, N. D., says the izens National bank failed this afternoon. SIXTY DAYS NOTICE WAIVED. Minneapolis, Jan. 2.-The Farmers and Mechanics Savings bank has decidto waive its privilege of demanding of ed sixty days notice before withdrawal a deposits. This is taken to indicate cirmuch better feeling in local banking cles. RUN AT CRIPPLE CREEK. Cripple Creek, Colo., Jan. 2.-There has been a run today on the First National bank which, the bank's officers say, was caused by the circulation of a report by that the bank would not open today, man whon, they had refused a loan. a Small depositors formed in line and were A paid. No big deposits were touched. special train was run from Colorado Springs with $50,000. President Parker than "We have on deposit more be enough said: to pay every dollar, should it demanded, but only small depositors seem anxious, and business men, mining men and personal friends are depositing more than is being drawn out." VON NORTWICK'S AFFAIRS. Chicago. Jan. 2.-The Western Paper company, one of the Van NortPag wick's plants, was placed in the hands of of receiver today by Judge Grosscup G. a United States court. William Stevens the was appointed receiver. No statement of assets and liabilities was but from the amount of the receiver's filed, bond, which was placed at $100,000, and the general statement of the attorthe liabilities will probably exceed neys, with assets about the same. $100,000, Confessions of judgment were made to N. Brokaw for $2,850 and to Karne- the Holmes H. & Krauthoff of Kansas City, latter firm filing a bill for the appointment of a receiver in connection with its attachment. CAR WHEEL COMPANIES AIL. Cleveland. O., Jan. 2.-Thirty judgments, aggregating about $85,000, court have been taken in the common pleas the Dorner & Dutton manufacagainst turing company and the Dorner Found- are company. Both concerns, which among ry the largest car wheel manufacof the country. are practically An owned turers by H. A. and R. H. Dorner. application has been filed asking believed for the appointment of a receiver. It is that the assets will exceed liabilities many times over. BUCKLEN'S ARNICA SALVE. The Best Selva in the world

12. January 3, 1897 The News & Observer Raleigh, NC

Article from The News & Observer, January 3, 1897

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OMAHA BANK FAILURE. / The Usual Excellent Condition is Reported and Lack of Significance. Omaha, Neb., Jan. 2.-The Omaha Savings bank failed to open its doors this morning and is in the hands of the State banking board. A meeting of the clearing house was held yesterday, a most unusual proceeding on a holiday and it is presumed they took action which caused the Savings bank to close. Total liabilities of the institution is $850,000 and the assets exceed this amount by $200,000. The securities are excellent and but little loss can result to depositors. The bank has been existence for 15 years. It has no connection with any other bank and will not cause other Omaha institutions any inconvenience. FARGO'S BANK GOES. Fargo, N. D., Jan. 2.-The Citizen's National bank failed this afternoon. The bank is in the hands of the National bank examiner, Anheimer. The capital is $100,000. The president is H. F. Miller, Cashier, C. C. Schuyler. The bank's accounts were slow. The failure has had little effect in Fargo. THE BOOM COMING. Bethlehem, Pa., Jan. 2.-It was announced to-day that the Bethlehem Iron Company intends to renew operations in all its mills, giving employment to thousands of mon. The Blooming mill started to-day and the other departments will resume on Monday. The companies ordnance will continue running day and night. A large shipment of turret armor plates was made to-day for the Iowa. RUN ON CRIPPLE CREEK BANK. Cripple Creek, Col., Jan. 2.-There was a run to-day on the First National bank, which the bank's officers say was caused by the circulation of a report that the bank would not open to-day by a man whom they had refused a loan. Small depositors formed in line and were paid. No big deposits were touched. A special train was run from Colorado Springs with $50,000. THE BANKER GOES FREE. Denver, Col., Jan. 2.-Under| instructions of Judge Butler, who said the evidence was sufficient to convict, the jury in the district court to-day returned a verdict of not guilty in the case of Frank Atkins, president of the Colorado Savings banks, indicted on a charge of having

13. January 3, 1897 The Herald Los Angeles, CA

Article from The Herald, January 3, 1897

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THE BEST PRESCRIPTION he receivers acting "The Omaha Savings bank was organ3 to realize all they ized fifteen years ago," said Gen. Manbefore looking into derson, its president. "The bank today $ of the law. owes $750,000 to its depositors and $140,000 to the Commercial bank, making the to) was one of Mr. tal liabilities $890,000. Taking our real timate friends and estate at cost and other securities simply was the last man at their face value, we have nearly $200,nond. Mr. Palmer 000 of assets beyond liabilities. While Hammond' called at the bank is unable at this time to pay Evanston, which is depositors on demand, it is amply solalk from the house vent, and while it will take some time to ammonds, about 8 realize, not a dollar will be lost by any He remained there creditor or depositor. In addition to versation with Mr. the assets, there is also the double lia1 of the future, and bility of the stockholders, which swells to place Mr. Hamthe amount to at least $1,200,000." eet. Mr. Palmer IN NORTH DAKOTA. mmond frequently MINNEAPOLIS, Minn., Jan. 2.-A the general theme, special to the Journal from Fargo, N.D., ) to be entirely obsays the Citizens' national bank failed ce of any one. He this afternoon. an effort to underIN MICHIGAN. g said to him, but WHITEHALL, Mich., Jan. 2.-Bank aw plainly that Mr. Examiner Angell took possession and vas weakened and closed the Whitehall State Savings bank ere weighing more today. No statement is made. The last n had been noticed report showed deposits of $80,000; loans and discounts, $92,000. arrival home he PAID ALL COMERS. s room, and Mrs. CRIPPLE CREEK, Col., Jan. 2.-A run lmost Immediately was precipitated at the First National mbers Mr. Hambank today by a man to whom was rethe room about 2 fused: a small loop, saying the bank eir baby. The supwould not open today. Small depositors ammond left the formed in a line and were paid. No big fter this with only deposits were touched. A special train d a dressing gown was run from Colorado Springs with r his apparel was $50,000 belonging to President J. M. Parapparently as he ker. Parker said: "We have on hand ught by Mr. Palmer a deposit more than enough to pay every went directly to the d'ollar should it be demanded, but only lung himself in the small depositors seem anxious, and busi: said it was his ness men, mining men and personal ond had carried in friends are depositing more than is be: $60,000 of life ining drawn out." er said that ever BETTER FEELING PREVAILS. I of the articles reMINNEAPOLIS, Minn., Jan. 2.-The It he had not been Farmers and Mechanics' Savings bank : he worried about has decided to waive its privilege of des certain. manding sixty days' notice before withHammond is situdrawal of deposits. This is taken to d) boulevard, in indicate a much better feeling in local erected five years banking circles. 55 than $30,000. and

14. January 4, 1897 The Morning News Savannah, GA

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A RUN ON A BANK FOILED. Money Hustled From Colorado Springs to Cripple Creek. Colorado Springs, Col., Jan. 3.-The attempt to make a run on the First National Bank of Cripple Creek yesterday was checked by prompt action and in a novel way. A rumor had been started Dec. 30, or perhaps some days previous, that the bank could not withstand the withdrawal of a good deal of money, and as a consequence the bank would not open on the day after the first of the year. This report came to the ears of President Parker of the bank, and on New Year's he came to this city and arranged to get money to take to Cripple Creek. He had made arrangements with the First National Bank of this city and they had their time-locks so arranged they could be opened at 7 o'clock in the morning. Cashier Sutton was on hand at that hour and got the money out for them, but how much money was taken he refused to state. Half an hour later a special train consisting of an engine and one coach was in waiting at the Tejon street station of the Colorado Midland railroad, and President Parker and Vice President Devereux were taken on board. They left here at 7:30 o'clock promptly and made the fastest run ever made by the road, getting into Cripple Creek in two hours and three minutes. The run from Divide to Cripple Creek, over the terminal, thirty miles of 3 per cent. grade, was made in 54 minutes, and the delivery of currency occurred in the midst of the run. The First National Bank officials here said the First National Bank of Cripple Creek in its last statement, showed over 54 per cent. of its deposits on hand, and there was no occasion whatever for any attempt to make a run on the bank.

15. January 4, 1897 The Copper Country Evening News Calumet, MI

Article from The Copper Country Evening News, January 4, 1897

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Run on a Bank. Cripple Creek, Col., Jan. 4.-There was a run Saturday on the First National bank, which the bank officers say was caused by the circulation of a report that the bank would not open today by a man whom they had refused a loan. Small depositors formed in line and were paid. No big deposit was touched. A special train was run from Colorado Springs with $50,000. President Parker said: "We have on deposit more than enough to pay every dollar should it be demanded, but only small depositors seem anxious, and business men, minig men and personal friends are depositing more than is being drawn out."

16. January 6, 1897 The True Northerner Paw Paw, MI

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17. January 8, 1897 The Columbia Herald Columbia, TN

Article from The Columbia Herald, January 8, 1897

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Garwood's Sarsaparilla-for the blood -guaranteed to cure. A.B. RAINS THE RECORD OF PROSPERITY, As Told in the Headlines of City Dailies. The following short paragraphs, clipped from the headlines of large city dailies, tell in a nutshell the inroad "prosperity" is making upon the commercial world: Omaha Savings Bank closes its doors.-Liabilities $890,000. Western Paper Bag Company of Batavia, Ill., in a receiver's hands.Liabilities will probably exceed $100,000. Run on First National Bank at Cripple Creek, Col. Fargo (N. D.) Bank Fails, with capital of $100,000. Strain too much for W. A. Hammond, Vice-President of the collapsed Bank of Illinois.-Seeksrelie from troubles at the lake's bottom. Crisis threatens the financial affairs of St. Paul, Minn.-Three institutions close their doors in one day. At Devil's Lake, N. D.-Merchants' National Bank suspends further operations. Runs on other banks at St Paul. Receiver appointed for the Iowa Mortage Co. Liabilities $5,000. Ornamental Iron & Fence Co., of Chattanooga, 1 assigns. For $62,000.-Foreclosure entered against Venice Grain Elevator Co., of Springfield, Ill. First City Bank of Nora Springs, Ia., has failed. Liabilities $30,000.-H. Ridder & Co., of Quincy, Ill., have failed. The disgrace was too mnch.-Richard Cornelius, Cashier of the National Farmers' and Planters' Bank, of Baltimore, committed suicide last Monday by drowning e himself. He was $60,000 short in his accounts. y t Assignments at Memphis.-The Southern Paper & Woodenware Co., 5 with a total liability of $43,978. A. e H. Kortrecht & Co., and Tate & n Barbee, two smaller concerns, also 6 succumb. e Receiver appointed for the Calu1met Bank at Chicago. Assets, $74,325; liabilities, $70,640. At Sedalia, Mo.-The Van Wagener-Hanney Shoe Co., oldest and 0 largest house in the city, closes its m doors.