1302. Home Savings & Trust Company (Denver, CO)

Bank Information

Episode Type
Run Only
Bank Type
trust company
Start Date
August 27, 1923
Location
Denver, Colorado (39.739, -104.985)

Metadata

Model
gpt-5-mini
Short Digest
d09c790e

Response Measures

Capital injected, Books examined

Description

Multiple contemporaneous articles (Aug 27–Sep 1, 1923) describe a short-lived run on Home Savings & Trust Company in Denver instigated by an unknown woman spreading false claims. The bank remained open, customers returned deposits, and the Clearing House and prominent citizens backed the institution. OCR typos in articles were corrected (e.g., 'Home SavScores' -> 'Home Savings').

Events (1)
1. August 27, 1923 Run
Cause
Rumor Or Misinformation
Cause Details
An unknown Denver woman allegedly told depositors the bank was about to be closed by examiners (personal grievance against directors), prompting mass withdrawals; reports call the run 'fake' and depositors later returned funds.
Random Run
Yes
Random Run Snippet
woman told depositors bank was about to be closed by examiners; false
Measures
Posted notice requiring 60 days' notice for withdrawals; received backing from Denver Clearing House and large deposits from prominent businessmen.
Newspaper Excerpt
requiring depositors to give sixty days notice of intention to withdraw their savings fund, as required by law, today apparently had stopped what threatened for a time to develop into a heavy run on the institution. ... report that the run was instigated by a woman who held grievance against certain directors of the bank
Source
newspapers

Newspaper Articles (7)
1. August 27, 1923 Casper Daily Tribune Casper, WY
Article from Casper Daily Tribune, August 27, 1923

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Article Text

DENVER BANK RUN IS STOPPED CUSTOMERS DEPOSITING MONEY DENVER, Colo., Aug. 27-The smaller than had been anticipated. € posting of a notice at the Home SavScores of depositors were paid ings and Trust Company, one of the promptly Friday and Saturday belargest state banks in Denver, Satfore the sixty day notice was posted. urday, requiring depositors to give € Police and attaches of the district sixty days notice of intention to attorney's office were continuing withdraw their savings fund, as retheir investigation today of a required by law, today apparently had port that the "run" was instigated stopped what threatened for a time by a woman who held grievance to develop into a heavy "run" on against certain directors of the bank the institution. and had threatened to "wreck" the Only a few customers were in the institution, owing to dissatisfaction bank this morning, in contrast to over the amount of money she is said several hundred who crowded up to to have received in a deal with the 3 the paying windows throughout Satbank. Her name was not revealed. 3 urday. Frank Bishop, president of the bank, declared many of the customers today were depositing money, instead of withdrawing it. The bank is in position to meet its clearings today, he said, indicating that PLANE the amount of drafts against commercial accounts probably would be

2. August 28, 1923 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, August 28, 1923

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FAKE RUN ON BANK DENVER, Col., August 27.-An unknown woman, police believe Monday, was responsible for the run on the Home Savings Bank and Trust company which started Friday night and continued until Sunday. Hundreds stampeded to withdraw their drawing accounts, and many of them said a woman had told them the bank was about to be closed by examiners. Depositors were returning their money to the bank Monday and police continued their search for the woman. She is subject to a $300 fine and a year in prison if caught.

3. August 30, 1923 The Arvada Enterprise Arvada, Morrison, CO
Article from The Arvada Enterprise, August 30, 1923

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# COLORADO NEWS NOTES Denver. Bolstered by the backing of the Denver Clearing House Association and large deposits of a score or more of prominent business men, the Home Savings and Trust Company kept its doors wide open. This assurance was given by Frank L. Bishop and Michael A. McLaughlin, president and vice president, respectively, of the bank. They are of the opinion, as is most of the rest of the banking fraternity, that the hysteria and apprehension that attended the assignment of the Interstate Trust Company and the failure of the Hibernia Bank and Trust Company is passing rapidly. The peak of the excitement, based solely on the promiscuous spreading of unfounded rumors, was believed reached. Denver. Work was begun recently to convert the fifty-four mile Farmington, N. M., branch of the Denver & Rio Grande Western railroad from standard to narrow gauge, according to announcement by Frank A. Wadleigh, general passenger agent of the Denver & Rio Grande. A report from Durango incorrectly stated that the road was to be converted into a standard gauge. It is now standard gauge, according to Mr. Wadleigh, and the change to narrow gauge is being made to afford a uniform gauge road from Alamosa to Farmington, thereby eliminating transfer of live stock and other freight from one gauge to another. Colorado Springs. A crumpled packet of five letters, said to contain evidence incriminating the unknown assailant who brutally murdered Mrs. Elsie Jorgensen Suttle, wife of R. H. Suttle, Jr., a few days ago, is believed to have been the cause of the attack which ended in the death of the 17-year-old bride of a month, according to police. A dragnet has been thrown out by the police for a man called "Jack," who is thought to have invaded the girl's room in an effort to obtain the letters, which were found under the pillow of the bed on which she was lying. Greeley. More than 300 members of the Camp Fire girls from Morgan, Weld, Adams, Larimer and Boulder counties met in Greeley for their annual council fire. One hundred and eight members of the Guardian's Training classes at the Colorado State Teachers' College, under the direction of Miss Gertrude Lee, Camp Fire executive, received their certificates. Miss Edith M. Kempthorne, national secretary of the organization, was a principal speaker at the council fire. Denver. Coal production for the state of Colorado during the month of July was 689,254 tons, bringing the total for the year to 5,716,658 tons, according to the monthly report of James Dalrymple, state coal mine inspector. The report shows that there has been an increase of 637,761 tons of coal mined this year, compared with a similar period last year. There were 11,472 men employed in the mines of the state during the month. Fort Collins. Fifteen students received their degrees from the Colorado State Agricultural College here, Wednesday, at the first regular commencement and conferring of degrees ever held in Fort Collins, at the close of a summer session. The students' petitions for degrees were approved last spring by the State Board of Agriculture, with the condition that they fulfill certain requirements during the summer session. Denver. Important clews indicating that the run on the Home Savings and Trust Company was caused by a Denver woman who wished to revenge herself for a personal grievance against certain directors of the bank were being followed by operatives from the district attorney's office, according to Kenneth W. Robinson, and it was believed that an arrest will be made soon. Denver. A regional conference between national leaders of the Republican party and prominent Republicans of Colorado, Nebraska, Utah, Nevada, Wyoming and Montana will be held in Denver in October. Denver. Colorado's wool clip for 1923 will be the largest on record, according to estimates received by Joseph Passoneau, state director of markets, from the Department of Agriculture. The yield for the year is set for 8,544,000 pounds, compared with 6,839,000 in 1921 and 7,232,000 in 1919. There are approximately 800,000 sheep in the state. Weld and Rio Grande counties are the leaders in wool production, with Larimer and Conejos counties close seconds. The neighboring states of Wyoming, Utah and New Mexico are all heavier wool producers than Colorado. Pueblo. Approximately 1,000 members of the International Bible Student Association are expected in Pueblo, Sept. 2, 3 and 4, to attend the first convention of the organization

4. September 1, 1923 The Colorado Statesman Denver, CO
Article from The Colorado Statesman, September 1, 1923

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Elbert County Fair-Matheson. Grand County Fair-Kremmling. La Plata County Fair-Durango. Moffat County Fair-Craig. Westellffe.-J. F. Morgan, 52 years old, was killed when he fell fifty feet from a ladder in the Terrible mine, sixteen miles east of Westcliffe, after being struck on the head by a falling rock. Denver.Jack Warner of Lamar, a Denver University student, was held up by two youthful bandits at the intersection of Nineteenth and Larimer streets as he was returning from a dance. Antonito.-Scott E. Land, superintendent of the state fish hatcheries, dropped dead in front or one of the cabins at the Conejos fish hatchery, near Antonito. Death is believed to have been caused by apoplexy. Pueblo.-The deal for the purchase of Woodcroft Sanitarium as an addition to the Colorado State Hospital was completed at Pueblo at a conference between Frank Hoag of the Colorado Board of Corrections and Dr. C. W. Thompson, owner of the institution. Denver.-The Denver Stage Employees' union has reached an. agreement with the Denver Theatrical Managers' Association providing for a wage increase of 7 1/2 per cent on the present scale, putting to an end a wage dispute that for a time threatened to develop into a strike. Boulder.-At the annual commencement exercises Sept. 1 at the University of Colorado twenty-four persons received master of arts degrees. Of the twenty-four, ten are holders of bachelor of arts degrees from the State University, while the others are graduates of Denver, Tennessee, Chicago, Iowa, Brown, Bethel, Pittsburgh, Friends and Indiana universities and West Texas Normal, Bradley Polytechnic, Rice Institute, St. Xavier, Texas Presbyterian and Drury colleges. Denver.-A new angle of investigation in connection with the looting of the Hibernia Bank and Trust Company developed recently when the authorties started checking up an alleged statement of Maurice Mandell, boy broker, accused of a hand in the wrecking of the bank, to the effect that part of the $465,000 in loot was removed from the bank vaults three days before the crash, and, in his opinion, was hidden by Leo P. Floyd, former secretary of the bank, and John Harrington, former teller. Durango.-Lafayette Current, 60, a widely known lawyer of Aztec, met instant death when his shotgun was accidentally discharged as he was atto shoot a his been tempting bothering family skunk for of which shot several had nights. The entire charge entered his left side in the region of the heart. Denver.-When P. R. Dease of 1329 East Twenty-sixth avenue took to his heels as two bandits commanded him to throw up his hands, one of the holdups fired three shots after him. The holdup occurred at an alley on East Twenty-sixth avenue near Downing street. Dease ran three blocks and fell exhausted. All three bullets went wide of their mark. Denver.-Important clews indicating that the run on the Home Savings and Trust Company was caused by a Denver woman who wished to revenge herself for a personal grievance against certain directors of the bank were being followed by operatives from the district attorney's office, according to Kenneth W. Robinson, and it was believed that an arrest will be made soon. Durango.-A record in the number of high school graduates making decisions to attend higher schools of learning has been established by the class of the cent of the class, 1923 per of Durango high which school. represents will Forty leave twenty-four of the graduates, the city this fall to enter colleges or universities. Pueblo.-Arthur Baggisti, 10 years old and son of Bert Baggisti, a miner Rockvale lost his left leg eblo, in the district, when west he around of was Puraught in a cable while playing

5. September 6, 1923 The Raymer Enterprise Raymer, New Raymer, CO
Article from The Raymer Enterprise, September 6, 1923

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Trinidad, Western SEPT. Slope 18-21. Fair-Montrose, Sept 18-21, ET Paso County Fair-Calhan. Sept 19-21. Pueblo County Fair-Goodpasture, Sept. 20-21. Huerfano County Fair-Walsenburg, Sept. 19-21. Lincoln County Fair-Hugo, Sept. 20-22. Rio Grande County Fair-Del Norte, Sept. 20-22. Colorado State Fair-Pueblo, Sept. 24-29. Montezuma County Fair - Cortex, Ept. 25-28. Kit Carson County Fair-Burlington, Oct. 1-4. Douglas County Fair-Castle Rock Oct. 3-5. Elbert County Fair-Matheson. Grand County Fair-Kremmling. La Plata County Fair-Durango. Mofiat County Fair-Craig. Westcliffe.-J. F. Morgan, 52 years old, was killed when he fell fifty feet from a ladder in the Terrible mine, sixteen miles east of Westcliffe, after be ing struck on the head by a falling rock. Denver.Jack Warner of Lamar, a Denver University student, was held up by two youthful bandits at the intersection of Nineteenth and Larimer streets as he was returning from dance. Antonito.-Scott E. Land, superintendent of the state fish hatcheries, dropped dead in front of one of the cabins at the Conejos fish hatchery, near Antonito. Death is believed to have been caused by apoplexy. Pueblo.-The deal for the purchase of Woodcroft Sanitarium as an addition to the Colorado State Hospital was completed at Pueblo at a conference between Frank Hoag of the Colo rado Board of Corrections and Dr. a W. Thompson, owner of the institution. Denver.-The Denver Stage Employees' union has reached an agree ment with the Denver Theatrical Managers' Association providing for a wage Increase of 71/2 per cent on the present scale, putting to an end a wage dispute that for a time threatened to develop into a strike. Boulder.-At the annual commence ment exercises Sept. 1 at the University of Colorado twenty-four persons received master of arts degrees. Of the twenty-four, ten are holders of bachelor of arts degrees from the State University, while the others are graduates of Denver, Tennessee, Chicago, Iowa, Brown, Bethel, Pittsburgh, Friends and Indiana universities and West Texas Normal, Bradley Polytechnic, Rice Institute, St. Xavier, Texas Presbyterian and Drury colleges. Denver.-A new angle of investigation in connection with the looting of the Hibernia Bank and Trust Company developed recently when the authorties started checking up an alleged statement of Maurice Mandell, boy broker, accused of a hand in the wrecking of the bank, to the effect that part of the $465,000 in loot was removed from the bank vaults three days before the crash, and, in his opinIon, was hidden by Leo P. Floyd, former secretary of the bank, and John Harrington, former teller. Durango.-Lafayette Current, 60, a widely known lawyer of Aztec, met instant death when his shotgun was accidentally discharged as he was at tempting to shoot a skunk which had been bothering his family for several nights. The entire charge of shot entered his left side in the region of the heart. Denver.-Whe P. R. Dease of 1329 East Twenty-sixth avenue took to his heels as two bandits commanded him to throw up his hands, one of the holdups fired three shots after him. The an on avenue near Twenty-sixth holdup occurred at alley Downing East street. Dease ran three blocks and fell k exhausted. All three bullets went wide of their mark. Denver.Important clews indicating s that the run on the Home Savings and Trust Company was caused by a Denver woman who wished to revenge herself for a personal grievance against certain directors of the bank were being followed by operatives from the district attorney's office, according to Kenneth W. Robinson, and It was be lieved that an arrest will be made soon. Durango.-A record in the number of high school graduates making decisions to attend higher schools of learning has been established by the class of 1923 of the Durango high school. Forty per cent of the class, which represents twenty-four of the graduates, will leave the city this fall to enter colleges or universities. Pueblo.-Arthur Baggisti, 10 years old and son of Bert Baggisti, a miner in the Rockvale district, west of Pueblo, lest his left leg when be was caught in a cable while playing around the mouth of the mine.

6. September 6, 1923 The Arvada Enterprise Arvada, Morrison, CO
Article from The Arvada Enterprise, September 6, 1923

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Grand County -Kremmling La Plata County Mofiat County Fair-Craig Westcliffe.-J F. Morgan, 52 years old, was killed when he fell fifty feet sixfrom a ladder in the Terrible mine, teen miles east of Westcliffe, after be rock. ing struck on the head by a falling Denver.Jack Warner of Lamar, a Denver University student, was held inby two youthful bandits at the up tersection of Nineteenth and Larimer a streets as he was returning from dance. Antonito.-Scott E. Land, superintendent of the state fish hatcheries, the dropped dead in front of one of cabins at the Conejos fish hatchery, to near Antonito. Death is believed have been caused by apoplexy. Pueblo.-The deal for the purchase of Woodcroft Sanitarium as an addition to the Colorado State Hospital completed at Pueblo at a conferwas between Frank Hoak of the Colo- C. ence rado Board of Corrections and Dr. tion. W. Thompson, owner of the instituDenver.-The Denver Stage Emunion has reached an agree ployees' ment with the Denver Theatrical Managers' Association providing for a wage Increase of 7 1/2 per cent on the present scale, putting to an end a wage to dispute that for a time threatened develop into a strike. Boulder.-At the annual commence exercises Sept. 1 at the University ment of Colorado twenty-four persons Of received master of arts degrees. twenty-four, ten are holders the of the bachelor of arts degrees from State University, while the others Chl- are graduates of Denver, Tennessee, Iown, Brown, Bethel, Pittsburgh, and cago. Friends and Indiana universities West Texas Normal, Bradley Polytech- Texas nic, Rice Institute, St. Xavier, Presbyterian and Drury colleges. Denver.- new angle of investiga- of in connection with the looting tion the Hibernia Bank and Trust Company authordeveloped recently when the alleged ties started checking up an statement of Maurice Mandell, boy the accused of a hand in wrecking broker, of the bank, to the effect was that part of the $465,000 in loot three removed from the bank vaults opin days before the crash, and, in his for was hidden by Leo P. Floyd, John Ion, mer secretary of the bank, and Harrington, former teller. Durango.-Lafayette Current. GO. in H widely known lawyer of Aztec, met nc death when his shotgun was at stant cidentally discharged as he was had to shoot a skunk which several tempting bothering his family for enbeen The entire charge of shot the nights. tered his left side in the region of heart. Denver-When P. R. Dease of 1320 Twenty-sixth avenue took to him his East heels as two bandits commanded to throw up his hands, one of the hold The fired three shots after him East ups occurred at an alley on Twenty-Mixth holdup avenue near Downing and fell Dease ran three blocks wide exhausted. street. All three bullets went of their mark. enver.Important clews indicating and the run on the Home Savings Den Trust that Company was caused by II woman who wished to revenge her ver for H personal grievance against be self certain directors of the bank were followed by operatives from the to district ing attorney's office, according be Kenneth W. Robinson, and It was lieved that an arrest will be made soon. Durango.-^ record in the number of school graduates making decisions high attend higher schools of learning of to been established by the class 1923 has of the Durango high school. Forty cent of the class, which represents leave per twenty-four of the graduates, will or the city this fall to enter colleges universities. Pueblo.-Arthur Baggisti. 10 years and son of Bert Bakkisti, a miner Po old the Rockvale district, west of was in lost his left leg when he caught eblo. in a cable while playing around the mouth of the mine.

7. September 7, 1923 The Dolores Star Dolores, CO
Article from The Dolores Star, September 7, 1923

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20-22. Rio Grande County Fair-Dei Sept. Colorado 20-22. State Fair-Pueblo, Sept. 24-29. Montezuma County Fair - Cortez, Sept. Kit 25-28. Carson County Fair-Burlington, Oct. Oct. Douglas 1-4. County Fair-Castle Rock. 3-5. County Fair-Matheson Grand Elbert County fair-Kremmling. La Plata County Fair-Durango Moffat County Fair-Craig. Denver.- S. Walter, formerly met- of Denver, professor of mining and of at the New Mexico School ath Mines, allurgy has recently been appointed letic director at the college. Pueblo.-The deal for the purchase addiWoodcroft Sanitarium as an of to the Colorado State Hospital confertion completed at Pueblo at a Colowas between Frank Hoag of the C. ence Board of Corrections and institu- Dr. rado W. Thompson, owner of the tion. Denver.-The Denver Stage Em union has reached an agree- Manployees' with the Denver Theatrical ment agers' Association providing for a wage increase of 7 1/2 per cent on the presscale, putting to an end a wage to ent that for a time threatened develop dispute into a strike. Durango.-A record in the number of school graduates making decisions learning high attend higher schools of of 10 been established by the class has 1923 of the Durango high school. Forty cent of the class, which represents leave twenty-four per of the graduates, will or the city this fall to enter colleges universities. Denver.-Asserting that her injuries incurable and that she is a nerv- in are wreck, Eva Greer brought Denver suit ous Court against the the District Tromway Company for damages that in on amount of $15,000. She states motor 7 last, while driving in a at June she was struck by a tramear and ear, Broadway and Florida street thrown fifty feet. Denver.-Important clews indicating and the run on the Home Savings that Trust Company was caused by a Den- herwoman who wished to revenge ver for a personal grievance against becertain self directors of the bank were followed by operatives from the to ing district attorney's office, according beKenneth W. Robinson, and it was soon. lieved that an arrest will be made Pueblo.-Colorado's Arkansas valley recovering from the havoc wrought waters of the The last ripples is recently. by flood Apishapa which of the burst eigh- river ty-six-foot wall of water through the Apishapa irrigation roser of voir dam, thirty-six miles south the Fowler, rolled themselves out in river lower stretches of the Arkansas valley near Las Animas and Lamar esleaving behind a property damage huntimated at $600,000, and several lowdred persons homeless along the lands inundated by the torrent. Fort Collins.-S B. Nuckols, agronomist with the United States Department of Agriculture, stationed at Fort of Collins for several years in charge beet investigation work, has been sugar ordered to Washington, where he will be connected with the tariff commission for the purpose of determining the cost of growing sugar beets. Denver.-A regional conference benational leaders of the Republican tween party and prominent Republicans of Colorado, Nebraska, Utah, Nevada, Wyoming and Montana will be held in Denver in October. Denver.Judge George H. Bradfield diviGreeley, sitting in the fourth of of the District Court, granted Maurice sion Mandell, boy broker, charged the with implication in the looting of a Hibernia Bank and Trust Company, reduction in bond from $250,000 to $35, him. 000 in the second case lodged against Pueblo.-Arthur Baggisti, 10 years and son of Bert Baggisti. a miner Puold the Rockvale district, west of in lost his left leg when be was eblo, caught in a cable while playing around the mouth of the mine.