1464. Bank of Salida (Salida, CO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
September 5, 1882
Location
Salida, Colorado (38.535, -105.999)

Metadata

Model
gpt-5-mini
Short Digest
0a09949e

Response Measures

None

Description

Multiple contemporaneous dispatches (dated Sept 5–6, 1882) report the Bank of Salida closed its doors/suspended and that deposits (about $50,000) will be a total loss. Reports link the bank to Hartzell/Hartsell Brothers who apparently left town; cause described as a mystery. No article describes a distinct depositor run or later reopening; failure appears permanent.

Events (1)

1. September 5, 1882 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Proprietors Hartzell/Hartsell Brothers reportedly absconded; bank run together with connected Custer County Bank closed; liabilities exceed assets and deposits lost—suggesting owner insolvency/fraud rather than mere rumor.
Newspaper Excerpt
The Bank of Salida closed its doors yesterday. The deposits, which amount to $50,000, will be a total loss.
Source
newspapers

Newspaper Articles (10)

Article from New-York Tribune, September 6, 1882

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Article Text

A STEAM-BARGE SUNK IN A GALE. CHICAGO, Sept. 5.-The probable foundation of the story about the collision at Charlevoix, Mich., is the fact that the steam-barge Araxes sank in Waiska Bay on Thursday during a heavy gale. The crew were saved and the hull may be recovered. TRYING TO RUN A BANK ON A SMALL CAPITAL DENVER, Col., Sept. 5.-A dispatch to The Tribune from Salida. Col., says The bank of Salida closed its doors yesterday morning. The deposits amounted to about $50,000, and were mostly made by the workin classes. The capital of the bank is said to have been only $5,000. The deposits are a total loss. Har zell Brothers, the proprietors of the bank, left this city on Saturday.


Article from Seattle Daily Post-Intelligencer, September 6, 1882

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Article Text

DENVER, Sept. 5.-The News says the Silver Cliff (Col.) Custer county bank closed its doors this morning. Liabilities $40,000; assets, very small. This bank was owned by Hartzell Bros., and was run in connection with the bank of Salida, which suspended yesterday. Great excitement exists among depositors in both towns. The whereabouts of Hartzell Bros. are unknown. The cause is a mystery.


Article from Sacramento Daily Record-Union, September 6, 1882

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Article Text

SILVER CLIFF, September 5th.-The - Custer County Bank closed its doors this morning. Liabilities, $40,000 ; assets very small. This tank was owned by Hartzell Brothers, and run in connection with the Bank of Salida, which suspended yesterday. Great excitement prevails among depositors in both towns. The whereabouts of the Hartzell brothers is unknown, and the cause of the failure is a mystery.


Article from The Salt Lake Herald, September 6, 1882

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Article Text

Mysterious Saspension. Denver, Colo. 5.- News' Silver Cliff, Colo. : The Custer County bank closed its doors this morning; liabilities $40,000, assets very small. This Bank is owned by Hartsell Brethers, and run in connection with the Bank of Salida, which suspended yesterday. There is great excite= ment among depositors in both towns. The whereabouts of the Hartzell Brothers is UNKDOWN, and the cause of the suspension & mystery,


Article from The Daily Gazette, September 6, 1882

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Article Text

A Cyclone Indicated. (Associated Press dispatch to the Gazette.] WASHINGTON, Sept. 5. - The signal office reports that appearances indicate a cyclone southeast of Havana. Its position and course cannot be defined at present. A Bank Suspends. (Associated Press dispatch to the Gazette. ] SALIDA, COLORADO, Sept. 5.-The Bank of Salida closed its doors yesterday. The deposits, which amount to $50,000, will be a total loss.


Article from The Salt Lake Herald, September 6, 1882

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Article Text

Mysterious Baspension. Denver, Colo. 5. (-News' Silver Cliff, Colo.: The Custer County bank closed its doors this morning; liabilities $40,000, assets very small. This Bank is owned by Hartsell brothers, and run in connection with the Bank of Salida, which suspended yesterday. There is great excite ment among depositors in both towns. The whereabouts of the Hartzell Brothare is unknown, and the cause of the suspension a mystery,


Article from Savannah Morning News, September 7, 1882

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Article Text

Another Broken Bank in Colorado, DENVER, September 6.-A dispatch from Cliff, Custer county, says: "The Custer County Bank closed its doors yesterday. Its liabilities amount to $40,000, and its assets are very small. The bank was owned by Hartzell Brothers, and was run in connection with the Bank of Salida, which suspended on Monday. There is great excitement among the depositors here and in Salida. The whereabouts of Hartzell Brothers are unknown. The cause of the suspension is a mystery.


Article from The Dallas Weekly Herald, September 7, 1882

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Article Text

A Mystery. DENVER, COL., September 6.-A dispatch from Silver Cliff, Custer county, says: The Custer County bank closed its doors yesterday. Its liabilities amount to $40,000, and its assets are very small. This bank was owned by the Hartsell brothers, and was run in connection with the bank of Salida, which suspended Monday. There is great excitement among the depositors here and in Salida. The whereabouts of the Hartsell brothers is unknown. The cause of the suspension is a mystery.


Article from The Daily Dispatch, September 7, 1882

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Article Text

A Broken Colorado Bank. DENVER, September 6.-A dispatch from Silver Cliff, Custer county, says that the Custer County Bank closed its doors yesterday. Its liabilities amount to 840,000, and its assets are very small. This bank was owned by Hartzeil Brothers, and was run in connection with the bank of Salida, which suspended Monday. There is great excitement among depositors here and in Salida. The whereabouts of Hartzell Brothers is unknown. The cause of the suspension is a mystery.


Article from The Weekly Elko Independent, September 10, 1882

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Article Text

THE News' Silver Cliff, Colorado, special says: The Caster County Bank closed its doors this morning. The liabilities are $10,000; assets very small. This bank was owned by Hartzell Bros. and was run in connection with the Bank of Salida, which suse pended yesterday. There is great exeitement among the depositors in both towns. The whereabouts of the Hartzells is unknown and the cause of the suspension is a mystery.