1306. Interstate Trust Company (Denver, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
August 30, 1923
Location
Denver, Colorado (39.739, -104.985)

Metadata

Model
gpt-5-mini
Short Digest
36570d3e

Response Measures

None

Description

Articles report an assignment (receiver) of the Interstate Trust Company in Denver (1923). There is mention of public hysteria and rumors, but no clear description of a depositor run on Interstate Trust in the texts; the bank was assigned (i.e., suspended and placed in receivership). Date uses the newspaper publication (1923-08-30) as the approximate event time.

Events (1)

1. August 30, 1923 Suspension
Cause
Government Action
Cause Details
Assigned (placed in custody/receivership) according to article; bank was 'assigned' which indicates formal suspension/assignment to receiver.
Newspaper Excerpt
the hysteria and apprehension that attended the assignment of the Interstate Trust Company
Source
newspapers

Newspaper Articles (2)

Article from The Arvada Enterprise, August 30, 1923

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Article Text

# 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


Article from The Colorado Statesman, September 1, 1923

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Article Text

Boulder. The power to be tested the Tax when Commission the state are body will be The called abfall upon to equalize valuations. and Weld county, stracts example, of Boulder show great discrepancies that Boulder and for there is a possibility demand that Weld county make civic interests valuation will be increased a corresponding or that decrease. Weld county county's Boulder each other. The In two counties average automo- border over of are appraised on an $100 biles a decrease of nearly the valu$186.67, In Boulder county Irriyear. averages $266.56. ation on county is in Boulder, in Boulder; $101.17; last gated land autos in Weld $34.92 $112.32; dry assessed farming, $11.32 $45.23 in Weld, in Weld, $54.75 in Boulhorses, mules, $46.64 compared $23.47 to range milch in $25.31 in Boulder Boulder. Weld, in Weld; $43.28 in $41.78 der; Boulder; cattle, by the backing $73.67 cows, in Bolstered AssociaClearing score of the large deposits a men, tion . Denver. and Denver prominent business House of Company the or more of and Trust Home Savings wide open. This assurits doors by Frank L. Bishop and Michael vice opinion, as and kept ance was president, given A. McLaughlin, of respectively, the president of the is bank. most of They the rest are hysteria of the banking and apprehen- frater- of sion nity, Interstate that that attended the Trust the Company assignment and and Trust the failure the of the Hibernia Bank The peak Company is passing rapidly. solely on the of the excitement, based of unfounded believed rumors, promiscuous was spreading reached. begun recently Denver.- Work was mile Farmconvert the fifty-four the Denver & to N. M., branch of railroud from ington, Western according to narrow A. by the Denver standard Rio announcement Grande agent Frank gauge, of Wadleigh, Durango to stated general Grande. passenger A report the from road was to into a according to now standard change to be & incorrectly Rio converted that gauge, standard gauge. nar- a It is Wadleigh, and the made to afford Mr. gauge is being from Alamosa to fer of uniform row gauge thereby road eliminating freight trans- from Farmington, live stock and other one gauge to another. the for production Denver.- Colorado Coal during the month the to- of was 5,716,658 for the year to report cording state July state tal of 689,254 to the tons, monthly bringing coal tons, mine ac- in- of James Dalrymnle, The report shows that tons there of spector. of 637,761 a mined There period last the mines has similar coal been an this increase year, year. compared in with were of 11,472 men employed month. the the state during the - Following Colorado of Springs. Sheriff Sam Berkley investiresignation Elsie Suttle murder lack of cofrom the and his charge of a and the gation, the part of Atoperation on office, police District it torney district was and Willis is the Stracham duty district of the sheriff to to aid the the continue attorney's probe of declared attorney's murder that he office occurred in the recently and that which lack of co-operation. knew Fort of Collins.-Fifteen no from the students Colorado retheir here, celved degrees College commence- WedState Agricultural the first regular ever nesday, at of degrees session. in Fort The students' held ment summer and conferring Collins, were at approved the close last pe- of a titions spring for by the degrees State condition Board that of they Agricul- ful- the ture, certain with requirements summer fill session. the Nuckols, during agronCollins.- S. B. States DepartFort with the United stationed at Fort Collins omist of Agriculture, in charge of ment sugar beet for several investigation Washington, years work, where com- has he been ordered to with the determining tariff will be connected for the purpose of beets. mission of growing sugar the Colorado cost Springs.--Friction one side between and Sheriff Berkley on the and District Atthe police Willis department L. Strachan on the other, of torney outstanding development Jorgenson was fifth the day of the Elsie As a result the murder mystery. sheriff is unof Suttle their differences. withdrawn the in a large the derstood to the case, and task of crime to Chief Hugh office. measure of the hunting from have attorney's down the perpetrator D. left Harper Sherand the district it be known that "in- his side job." theory iff Berkley was that let the crime was an the Maintenance crews will of begin Denver. Highway Department road signs in State of 1,500 new anthe erection according to an the near officials The signs, the nearest department. nouncement distances future, made by of giving by of direc- the the towns, Rocky have Mountain Motorists, an tion and been delivered organ-