First National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 4734
Charter Number: 4734
Start Date: May 11, 1904
Location: Raton, New Mexico (36.903, -104.439)

Metadata

Model: gpt-5-mini
Short Digest: 3a8bcf6d

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

A brief depositor run occurred in mid-May 1904 but ceased after the cashier displayed $50,000 cash. No suspension, closure, or receivership is mentioned. Cause appears to be rumors/reports of trouble though the exact origin is unknown.

Events (1)

1. May 11, 1904 Run

Cause: Rumor Or Misinformation
Cause Details: Unnamed reports/rumors triggered depositors to demand money; origin unknown.
Measures: Cashier displayed $50,000 in the vault to satisfy depositors and stop the run.
Newspaper Excerpt: Last Wednesday morning a run was started on the First National Bank of Raton. Depositors came demanding their money, but Cashier Blackwell soon satisfied them by showing them $50,000 in cash in the vault, and the run soon ceased.
Source: newspapers

Newspaper Articles (3)

1. May 16, 1904 Santa Fe New Mexican Santa Fe., Santa Fe, NM

Article from Santa Fe New Mexican, May 16, 1904

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Article Text

THREATENED RUN ON RATON BANK Depositors Demanded Their Money But Were Satisfied When the Cashier Showed $50,000 in Vault. Last Wednesday morning a run was started on the First National Bank of Raton. Depositors came demanding their money, but Cashier Blackwell soon satisfied them by showing them $50,000 in cash in the vault, and the run soon ceased. It is yet unknown how the run started or who gave out reports that would start such an action. Mr. Blackwell would like very much to secure evidence that would lead to the cause of the temporary run. The First National Bank of Raton is considered one of the strongest financial institutions in New Mexico. The run on Wednesday will not affect the bank in the least.

2. May 17, 1904 Las Vegas Daily Optic Las Vegas, NM

Article from Las Vegas Daily Optic, May 17, 1904

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Article Text

Run on Raton Bank. Last Wednesday, morning a run was started on the First National bank of Raton. Depositors came demanding their money, but Cashier Blackwell soon satisfied them by showing them $50,000 in cash in the vault, and the run soon ceased. It is yet unknown how the run started or who gave out reports that would start such an ection. Mr. Blackwell would like very much to secure evidence that would lead to the cause of the temporary run. The First National bank of Raton is considered one of the strongest financial institutions in New Mexico. The run on Wednesday will not affect the bank in the least.

3. May 21, 1904 Albuquerque Weekly Citizen Albuquerque, NM

Article from Albuquerque Weekly Citizen, May 21, 1904

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Article Text

THREATENED RUN ON RATON BANK Last Wednesday morning a run was started on the First National bank of Raton. Depositors came demanding their money, but Cashier Blackwell soon satisfied them by showing them $50,000 in cash in the vault, and the run soon ceased. It Is yet unknown how the run started or who gave out reports that would start such an aetion. Mr. Blackwell would Mke very much to secure evidence that would lead to the cause of the temporary run. The First National bank of Raton is considered one of the strongest financial institutions in New Mexico. The run on Wednesday will not affect the bank in the least.