Bank of Clear Creek County

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 1, 1893*
Location: Georgetown, Colorado (39.706, -105.698)

Metadata

Model: gpt-5-mini
Short Digest: 6826fe43

Response Measures

None

Description

Article (1902-09-06) states the bank suspended in 1893 during the panic and later resumed operations; by summer 1902 it had paid depositors and creditors from 1893 in full with interest. No explicit bank run described in the excerpt. Cause of the 1893 suspension is described as occurring through the panic, so classified as macro_news.

Events (3)

1. January 1, 1893* Suspension

Cause: Macro News
Cause Details: Suspended in 1893 in connection with the national panic of 1893; bank carried mining assets and was affected by the panic
Newspaper Excerpt: When the bank suspended in 1893 the advisory committee of the depositors listed the group of mines as of doubtful assets
Source: newspapers

2. * Other

Newspaper Excerpt: after the bank resumed It maintained assessment work on the claims, and some time ago the purchasers began a systematic development of the property ... the Bank of Clear Creek County was able to pay last month every dollar, with accrued interest, due to depositors and creditors in 1893 .
Source: newspapers

3. * Reopening

Newspaper Excerpt: after the bank resumed It maintained assessment work on the claims
Source: newspapers

Newspaper Articles (1)

1. September 6, 1902 Arizona Republican Phoenix, AZ

Article from Arizona Republican, September 6, 1902

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Article Text

PROPERTY MADE GOOD. A dispatch from Georgetown, Colo.. says A. M. Campbell of Denver and his Ohio associates have made final payment under terms of their lease and bend from the Bank of Clear Creek County on the Montezuma and California group, just beyond the contirental divide and about twenty miles from Georgetown. When the bank suspended in 1893 the advisory committee of the depositors listed the group of mines as of doubtful assets, but after the bank resumed It maintained assessment work on the claims, and some time ago the purchasers began a systematic development of the property, resulting in the uncovering of large and rich bodies of silver glance and ruby silver. The bank owned the property for about twenty years. The developments afford another instance of the wonderful recuperative power of the Georgetown region during recent years. It is a striking fact that the Georgetown banks report handsome results from all the mining assets they were compelled to carry through the panic, and as a result of the general prosperity of Georgetown the Bank of Clear Creek County was able to pay last month every dollar, with accrued interest, due to depositors and creditors in 1893. The new owners of the California and Sunburst group have secured a bonanza property at a relatively small figure.