1321. Peoples National Bank (Denver, CO)

View Charter #4084 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4084
Charter Number
4084
Start Date
December 1, 1899*
Location
Denver, Colorado (39.739, -104.985)

Metadata

Model
gpt-5-mini
Short Digest
2e513ce8

Response Measures

None

Receivership Details

Depositor recovery rate
76.2%
Date receivership started
1899-12-20
OCC cause of failure
Losses
Share of assets assessed as good
7.6%
Share of assets assessed as doubtful
39.4%
Share of assets assessed as worthless
53.0%

Description

Sources state the People's/Peoples National Bank of Denver became insolvent in December 1899, an assessment of 50% was levied, and a receiver (Earl M. Cranston; later Edwin F. Brown) was appointed. Litigation by the receiver over bank property continued through 1902. No clear contemporaneous description of a discrete depositor run causing suspension is present; insolvency and receivership are documented, so classification is suspension_closure.

Events (6)
1. July 30, 1889 Chartered
Source
historical_nic
2. April 27, 1897 Voluntary Liquidation
Source
historical_nic
3. December 1, 1899* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank became insolvent (december 1899) and an assessment of 50% on stock was levied to meet debts.
Newspaper Excerpt
The People's National bank of Denver became insolvent in December, 1899, and an assessment of 50 per cent was levied on all stock to pay off the debts.
Source
newspapers
4. December 20, 1899 Receivership
Source
historical_nic
5. February 25, 1901 Receivership
Newspaper Excerpt
an action ... was filed in the Federal court this morning by Earl M. Cranston, as receiver for the said bank; ... suit filed by receiver of a Denver institution. Earl M. Cranston, receiver for the People's National bank of Denver, began suit yesterday ... The People's National bank of Denver became insolvent in December, 1899 ... was filed in the Federal court this morning by Earl M. Cranston, as receiver for the said bank. (Deseret Evening News / Salt Lake Herald, Feb 1901).
Source
newspapers
6. November 11, 1902 Other
Newspaper Excerpt
Bank Receiver Loses Suit. Denver, Nov. 11.-The prolonged litigation growing out of the dispute over the building occupied by the People's National Bank of Denver has ended in a decision by Judge Sanborn of the United States Circuit Court of Appeals, against Edwin F. Brown, receiver of the bank.
Source
newspapers

Newspaper Articles (8)
1. October 18, 1900 Hutchinson Gazette Hutchinson, KS
Article from Hutchinson Gazette, October 18, 1900

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Article Text

:- H. Lawrence Killed Brightion, Coll., Oct. 15.-Henry Dillman shot and killed J. H. Lawrence of Cleveland, O., brother of M. J. Lawrence of the Peoples' Bank of Denver, Saturday. J. H. Lawrence was also a brother of W. H. Lawrence of Cleveland, O., who was killed im Denver, September 9, 1898, by Flowers: Richardson. The trouble airosse in a dispute over water rights. About half an hour after the killing 300 mén started for Dillman's ramch with the intention of lynching the slaye Sheriff Carl heard of iit, and by a circuitous route, reached Diliman's house in time to sieze him. Dillaman raised no objection when he heard of the mob,¹ and started with the sheriff for Denver, twenty-five miles away. M. J. Lawrence made more than a million dollars banking in Denver and lost ist in the panic. He barely escaped with his life from the angry depositone of the Peoples National and Peoples Savings Banks, who wanted to hang him.

2. October 24, 1900 Barbour County Index Medicine Lodge, KS
Article from Barbour County Index, October 24, 1900

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Article Text

do H. Lawrence Killed Brighton, Ool),, Oct. 15.-Henry Dill. man shot and kfilled J. H. Lawrence of Cleveland, O., brother of M. J. Lawrence of the Peoples' Bank of Denver, Saturday. J. H. Lawrence wa's also a brother of W. H. Lawrence of Clevehand, O., who was killed in Denver, September 9, 1898, by Florence Richardson. The trouble atrose in a dispute over water rights. About half an hour after the killing 300 men started for Dillman's ranch with the intention of ly aching the slayer. Sheriff Carl heard of ilt, and by la circuitous route, reached Dillman's house in time to sieze him. Dillman raised no objection when he heard of the mob, and started with the sheriff for Denver, twenty-five miles away. M. J. Lawrence made more than million dollars banking in Denver and lost it in the panic. He barely escaped with his life from the angry depositors of the Peoples National and Peoples Savings Bainks, who wanted to hang him.

3. February 25, 1901 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, February 25, 1901

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Article Text

FEDERAL COURT. The following appeal cases were argued and submitted before the Supreme court this forenoon: Henry Conant et al vs Deep Creek Curlew Valley Irigation company et al, appellants. Anna Marks VS Thomas E. Taylor. This case was argued for a rehearing. The United States court was in session this morning and the following cases were argued before Judge Marshall, In the case of the United States VS the La Sieurs, A. Noon and Sidney La Sieur were made parties to the action and the plaintiff filed an amended complaint. In the case of the Central Pacific vs Wm. Johnson, who lives near Rowesvile, and who was ordered by the court to appear and show cause why he should not be punished for contempt of court, the said Wm. Johnson appeared this morning and testified that a frozen foot had prevented his attendance before. The court discharged him notwithstanding the protest of the plaintiff's attorneys, but he was ordered to appear before George R. Chase to give testimony as to his property on supplemental proceedings. The hearing of the petitions of creditors in the case to expunge the claims of Jerome Hirshman, bankrupt, was reset for hearing in two weeks, unless all parties bring the matter up at the session next Saturday. In the case of John Strickley vs the Highland Boy Gold Mining company, the affidavits of both parties in the action were heard and argued, and an injunction was denied by the court. An action, to recover $2,400 and interest from Charles E. Richards as owner of 48 sha VA of the insolvent People's Natio will of Denver, which is the assessment of 50 per cent of the par value ordered by the comptroller of the currency to be paid by all owners of that stock to meet the debts of the bank, was filed in the Federal court this morning bv Earl M. Cranston, as receiver for the said bank.

4. February 26, 1901 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, February 26, 1901

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Article Text

BANK ASSESSMENT. Suit Filed By Receiver of a Denver Institution. Earl M. Cranston, receiver for the People's National bank of Denver, began suit yesterday in the federal court against Charles E. Richards, to recover the sum of $2,400, the amount of an assessment due on 4,800 shares of stock in the bank owned by defendant. The People's National bank of Denver became insolvent in December, 1899, and an assessment of 50 per cent was levied on all stock to pay off the debts. Richards is connected with the Cosgriff-Enright company of this city.

5. November 14, 1902 The Grit-Advocate Julesburg, CO
Article from The Grit-Advocate, November 14, 1902

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Article Text

Bank Receiver Loses Suit. Denver, Nov. 11.-The prolonged litigation growing out of the dispute over the building occupied by the People's National Bank of Denver has ended in a decision by Judge Sanborn of the United States Circuit Court of Appeals, against Edwin F. Brown, receiver of the bank. Brown sued to recover back the building, claiming that the national banking act prohibited such a contract as that by which the directors of the bank turned the building over to George C. Schleier. The courts held otherwise in the suit tried in Colorado and Judge Sanborn affirms the decision. Schlier owned the ground which he leased to the bank for ninety-nine years on certain terms.

6. November 14, 1902 The State Herald Holyoke, CO
Article from The State Herald, November 14, 1902

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Article Text

Bank Receiver Loses Suit. Denver, Nov. 11.-The prolonged litigation growing out of the dispute over the building occupied by the People's National Bank of Denver has ended in a decision by Judge Sanborn of the United States Circuit Court of Appeals, against Edwin F. Brown, re ceiver of the bank. Brown sued to recover back the building. claiming that the national banking act prohibited such a contract as that by which the directors of the bank turned the building over to George C. Schleler. The courts held otherwise in the suit tried in orado and Judge Sanborn at fir e decision. Schlier owned the which he leased to the bank for lety-nine years on certain terms. The bank built a six-story building up on It. but after going into liquidation turned the structure over to Schlier under the contract.

7. November 14, 1902 The Dolores Star Dolores, CO
Article from The Dolores Star, November 14, 1902

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Article Text

Bank Receiver Loses Suit. Denver, Nov. 11.-The prolonged litigation growing out of the dispute over the building occupied by the People's National Bank of Denver has ended in a decision by Judge Sanborn of the United States Circuit Court of Appeals, against Edwin F. Brown, receiver of the bank. Brown sued to recover back the building, claiming that the national banking act prohibited such a contract as that by which the directors of the bank turned the building over to George C. Schleier. The courts held otherwise in the suit tried in Colorado and Judge Sanborn af. firms the decision. Schlier owned the ground which 'he leased to the bank for ninety-nine years on certain terms. The bank built a six-story building up on it, but after going into liquidation turned the structure over to Schlier under the contract.

8. November 14, 1902 The Delta Independent Delta, CO
Article from The Delta Independent, November 14, 1902

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Article Text

Bank Receiver Loses Suit. Denver. Nov. 11.-The prolonged litigation growing out of the dispute over the building occupied by the People's National Bank of Denver has ended in a decision by Judge Sanborn of the United States Circuit Court of Appeals, agafust Edwin F. Brown. re ceiver of the bank. Brown sued to recover back the building. claiming that the national banking act prohibited such a contract as that by which the directors of the bank turned the building over to George C. Schleler. The courts held otherwise in the suit tried in Colorado and Judge Sanborn af. firms the decision. Schlier owned the ground which he leased to the bank for ninety-nine years on certain terms. The bank built n six-story building up on it. but after going into liquidation turned the structure over to Schlier under the contract.