Iliff State Bank - Iliff, CO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 16, 1920
Location: Iliff, Colorado (40.759, -103.067)

Metadata

Model: gpt-5-mini
Short Digest: 110f0e23

Response Measures

None

Description

The article (Dec 16, 1920) explicitly mentions a bank failure at Iliff, without describing a prior run or any reopening. No detailed cause is given beyond failure; therefore classified as a suspension/closure (permanent failure).

Events (1)

1. December 16, 1920 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Article states a bank failure at Iliff; no further cause given in text (explicit insolvency/failure reported).
Newspaper Excerpt: they cannot get word of a bank failure at Iliff, Fleming and other points,
Source: newspapers

Newspaper Articles (1)

1. December 16, 1920 The Elk Mountain Pilot Crested Butte, Irwin, Ruby Camp, CO

Article from The Elk Mountain Pilot, December 16, 1920

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Article Text

Those people who have congratulated themselves that the Nonparisan League was killed in the late election will be surprised to learn that Mr. Townley has modified his plan of work by centralizing his workers on single states. He is now opening headquarters at Grand Island, Nebraska, and transfering all his workers to that state. His idea is a whirlwind drive that will thoroughly organize a single state at a time, Organizers from a dozen states will start work in a few weeks and it is safe to say that Nebraska will be organized in about six weeks thereafter. Then they will all be moved to some other state and the work repeated. Arthur C. Townley is the greatest organizer the farmers ever had and if he cannot get results we doubt if it can be done. But he will get the results. Conditions are just right for securing them, Object lessons are daily in evidence. Two distinguished honors have been handed to Wm. J. Bry: n in the last week. The Denver Democratic Club refused to make him an honorary member and Presidentelect Harding has requested a conference with him touching his ideas of how best to form an association of Nations to avoid war. We have named these tributes to the great Commoner's personality in the order in which it appears to us they should be named, viz: The most important first. Were Mr. Bryan considered suitable for membership in the Denver Democratic Club after its record of the past election, he would be unfit for association with President-elect Harding or any other respectable citizen. We do not observe the Denver papers shrieking about how many Colorado banks are busting, yet quite a few have gone up in the past week, and a number more have enjoyed runs, particularly on the eastern slope. How is it do you suppose that they get such rapid notice of bank failures in North Dakota, where a failure is covered by an excellent guarantee law, and are so_deliriously stupid that they cannot get word of a bank failure at Iliff, Fleming and other points, runs on Greeley and Sterling banks, all sorts of trouble, but they are blissfully asleep where this state, just saved from Nonpartisan league control by their herculean efforts, is concerned. "Lest we forget" recall that corporations are creatures of law. They have no existence except by virtue of law. In order to become the engines of destruction they are they must have control of the law. That is the power to take from them. Today they control Congressses, Legislatures, and the courts, as well as usually those peace officers whose activities are dangerous to them. The sovereign ballot will dispossess them of all these. The remedy is a legal one and the Nonpartisan League points the sure and peaceful way for making them what they should be, the servants, not the masters of the people. Much grief and denunciation is being expressed about so-called "Class Consciousness" among laboring men. It is merely an adaptation of the Capitalistic idea. They have been class conscious for a long time, and have played it for all it was worth. It is ample time that the laborers and producers became acquainted with the fact that "class consciousness" is the foundation of capitalistic organization. Do not worry when accused of this crime. It is merely another cognomen invented to deceive and mislead. The Senate committee investigating the coal trust, is threatening to ask for taking over of the business by the government. They declare the profiteering to be shocking and something that must be stopped. Well, most of us knew that before the investigation was started. We only hope they are not four-flushing like Attorney General Palmer. Those experts who can tell us to a small fraction just how much fertilizer to use to make two blades grow where one grew before, or the recipes for doubling the old cow's milk supply, don't seem to be anxious to inform the farmers as to how much heat value there is in corn at $8 a ton as contrasted with coal at around $20. Seven cent hogs, 45 cent pork and 80 cent hams, $2.00 coal cost in the car, $11.00 to $14.00 to the consumer. The ghosts of old Jesse James, Jim Dalton, and "Blily The Kid" will please lead the choir in singing "Onward Christian Soldiers."-Monte Vista Graphic-Reporter. As the farmers continue to hold back their wheat the uneasiness of grain gamblers who are short is reflected in the mournful news of the kept press and its advice to sell as fast as possible.