Carbonate Bank - Leadville, CO

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: June 1, 1883*
Location: Leadville, Colorado (39.251, -106.293)

Metadata

Model: gpt-5-mini
Short Digest: 0e7730e2

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Article (published 1896) recounts an 1883 incident: a threatened run on the Carbonate Bank in Leadville. Liquidity was restored by bringing several thousand dollars in gold from Pueblo, avoiding failure. No suspension or receivership is mentioned. Bank type not specified in text.

Events (1)

1. June 1, 1883* Run

Cause: Rumor Or Misinformation
Cause Details: A threatened failure/run occurred (liquidity panic); article implies a panic was averted by showing gold, consistent with rumor/nervousness rather than discovered insolvency.
Measures: Several thousand dollars of gold coin transported from Pueblo and displayed at the bank to reassure depositors.
Newspaper Excerpt: A run was threatened and in order to save the bank several thousand dollars of gold coin was taken by this train from Pueblo and piled in front of the window of the bank. The failure was avoided
Source: newspapers

Newspaper Articles (1)

1. January 6, 1896 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, January 6, 1896

Click image to open full size in new tab

Article Text

AMONG THE RAILROAD MEN About Abe Baker the Brave Engineer of the "News" Special. NOTES ABOUT RANSAS RAILROADS. Gossipand Personal Items About Employes and Officials of the Kansas Lines. [Railroad men in every department in Kansas are requested to furnish Items to this column. Matters of news, stories, accidents, anecdotes and communicatious of all kinds will receive attention, nud. be given place if suit able. The name of the writer should be attached. It will not be published unless desiredAddress Railroad Reporter, State Journal.] Engineer Abe Baker of the Denver & Rio Grande railway, or as he was famil. iarly known "On Time Baker," who was killed in the disastrous wreck of the Denver News special at Malta, Col., on New Year's day, was one of the most highly respected and trusted employes of that system, and since his death many incidents of heroïsm, illustrating his many qualities of excellence have been recalled. Perhaps the most famous run ever made by Baker was in June, 1883, from Pueblo to Leadville on a narrow gauge rockaway engiue No. 153. This was before the broad gauge rail was laid and the curves in the road were much more frequent and sharp. The distance was 159 miles and the run was made in 3 hours and 37 minutes. The accident that gave rise to the run, which was then the fastest ever made in Colorado, was the threatened failure of the Carbonate bank in Leadville. A run was threatened and in order to save the bank several thousand dollars of gold coin was taken by this train from Pueblo and piled in front of the window of the bank. The failure was avoided and the famous run went down as a factor in the early history of the state,