1468. Bank of Silverton (Silverton, CO)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
July 14, 1893
Location
Silverton, Colorado (37.812, -107.665)

Metadata

Model
gpt-5-mini
Short Digest
da5b547e

Response Measures

Full suspension

Description

Newspapers report the Bank of Silverton closed its doors July 14, 1893, owing to the large withdrawals of depositors and by Oct 21, 1893 has resumed business. The immediate trigger is stated only as large withdrawals of depositors (no specific rumor or bank failure elsewhere described), so cause is coded as other/unknown. Bank type not stated in articles.

Events (3)
1. July 14, 1893 Run
Cause Details
Large withdrawals by depositors (no specific rumor or external shock identified)
Measures
Closed its doors (suspended payments) per report
Newspaper Excerpt
closed its doors July 14, 1893, owing to the large withdrawals of depositors
Source
newspapers
2. July 14, 1893 Suspension
Cause Details
Bank suspended operations/closed its doors because of heavy withdrawals by depositors
Newspaper Excerpt
closed its doors July 14, 1893, owing to the large withdrawals of depositors
Source
newspapers
3. October 21, 1893 Reopening
Newspaper Excerpt
The Bank of Silverton, Silverton, Colo., which closed its doors July 14, 1893, owing to the large withdrawals of depositors, has resumed business.
Source
newspapers

Newspaper Articles (3)
1. September 29, 1893 The State Herald Holyoke, CO
Article from The State Herald, September 29, 1893

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Article Text

NEWS OF THE WEST Colorado. Telluride suffered from a $5,000 fire on the 23rd. Crippin, Lawrence & Co., brokers at Den t ver, have assigned. The Populist and Democratic conventions a of Pueblo county endorsed equal suffrage. t Some deep-dyed villain entered the office of the Enquirer at Del Norte a few night d since, and pied all the type. The state convention of the Woman' Christian Temperance Union opened at Boul e der on the 20th. There was a large attend ance at the meetings. e A number of holders of Rio Grande county r warrants have offered to accept 60 cents or the dollar, but the commissioners are holding off for better terms. 1 f South Park stockmen, on Saturday, brough into Del Norte three men who had beer f caught slaughtering veal on the range. The r men are now in the Del Norte jail and thei e names are Wheelock, Jacobson and Redd e They hall from Sunnyside. f James K. Stratton, a noted forger, and John Keenan, a highway robber, escape from the state penitentiary on the night o e the 15th. They sawed through the bars and f scaled the walls. No trace of them has beer 1 discovered. They doubtless had outside and perhaps Inside aid. It is now believed that James K. Stratton who escaped from the State penitentiary a short time ago was a well-known Ohio crim e Inal, who has murdered a policeman at Col 8 umbus. The authorities have discovered no 8 trace of him yet. F. C. Schrader, assignee of the broker People's Savings Bank at Denver has beer removed from the position on the request o many depositors. He was interested in the People's National Bank and it was feare that he would be too partial in dealing with 1 the latter institution. James H. Robin, cashier, and G. H. Stelber president of the defunct Bank of Silverton has been arrested on five complaints for re 1 ceiving money thirty days before the banl closed Its doors. They waived examination e add secured a change of venue. The case e will be tried In Durango at the next term o court. The Denver & Rio Grande has prepared to open the coal mines at Ruby on the first o next month. Employment will be given 15 or 200 men, and 100 to 200 tons of coal wil be mined daily, the output being increased to 600 tons a day as the season advances. The property is owned by the Colorado Fuel and 8 Iron Company. e Denver Markets-Eggs, ranch 20c, state S 17c; butter, best creamery 29@30c, dairy 19c hay, upland baled $10@$12. second botton 88@$9; alfalfa $6.00; oats, old, 95c, new, 90c potatoes 75@90c; cattle, choice steers $2.4 @$3.00, cows $2.00@$2.30, native feeders $2.5 1 @$2.75; hogs, choice $5.85; spring chicken $2.00@$3.50 per doz. On account of the difficulty in obtaining e sulphide ore the Bimetallic smelter at Lead ville has blown out and will remain shut down for a period of from two weeks to one month The supply of this ore comes principally from f the Wolftone mine, the lower levels of which are at present under water. Several week will probably elapse before this can be re moved. S An alternative writ of mandamus has beer granted by Judge Graham of Denver at th suit of the New Hampshire Savings Bank O Concord, New Hampshire, against the Board of County Commissioners of Grand County e to compel them to order a special tax lev to provide funds for the payment of som $22,590.48 of county warrants for which judg L ment has already been obtained against the county. The Santa Fe robbery cases came to an in glorious end in the district court at Trinida Monday, when the jury returned a verdiet o not guilty in the case of Engineer O. B. Reed charged with burglary and lareeny. Distric 8 Attorney Hitt then dismissed the remainde r of the cases on the ground that there wa t such a feeling against the prosecution in tha county that It is impossible to secure a jur that will convict the Santa Fe suspects. Th e verdicts of not guilty are generally approved in that city.

2. October 21, 1893 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, October 21, 1893

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Article Text

ABBREVIATED TELEGRAMS. The Cunarder Lucania has crossed the Atlantic eastward in ; days, 13 hours and 40 minutes, thus beating all records eastward and also doing that passage in quicker time than the passage westward has ever been done. The Lucania bolds all the records now. The case of John I. Helfenstein and others, who claimed title to a big slice out of the city of Omaha, has been dismissed by order of court. Three masked men robbed a saloon at La Crosse, Wis., at a late hour and their demand that every one present hold up their hands not being promptly complied with by a party of four at a table one of the four was shot dead and another wounded in the leg. By a collision of freight trains near Trenton Junction, N. Y., five tramps were killed. Mary Agnes Shearer, colored, was shot and badly wounded and her three-year-old child killed at Cannonsburg, Pa., by Al Davis, also colored. Davis claims he did not know the gun was loaded and pointed it as a joke. Frank S. Westfall, of Howard, Kan., a student at the state normal school at Emporia, while making a rush in a foot ball game was hurled on his head and fatally injured. C. D. Poe, a carpenter who was arrested at Pueblo, Colo., for stealing a saw, cut his throat with a penknife while on his way to the station and died two hours later. An unknown man held up L. Valdez and his brother near Cuchara, Colo., and relieved them of $1,500 A posse is in pursuit. The Bank of Silverton, Silverton, Colo., which closed its doors July 14, 1893, owing to the large withdrawals of depositors, has resumed business. The steamer Conestoga left Erie for Chicago with a load of granulated sugar just before the great storm and was scuttled in shallow water to prevent her going to pieces. Her cargo now is one of syrup in bulk. H. H. Rogers has preserved in Millicent library at Fairhaven, Mass., a collection of autograph letters written by seventeen of the presidents of the United States. The Society of Antiquity, of Worcester, Mass., is taking steps to secure the preservation of the General Rufus Putnam house in Rutland, as a memorial of that distinguished Revolutionary leader. Charles Eislie, a New York taxidermist who made pets of snakes, committed suicide, and when the officers found the body they found a rattlesnake on guard which would not let them touch the corpse. The suicide's father was summoned and removed the snake.

3. October 27, 1893 The Red Cloud Chief Red Cloud, NE
Article from The Red Cloud Chief, October 27, 1893

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Article Text

Saturday, Oct 21. Frank S. Westfall, of Howard, Kan., a student at the state normal school at Emporia, while making a rush in a foot ball game was hurled on his head and fatally injured. C. D. Poe, a carpenter who was arrested at Pueblo, Colo., for stealing a saw, cut his throat with a penknife while on his way to the station and died two hours later. The Bank of Silverton, Silverton, Colo., which closed its doors July 14, 1893, owing to the large withdrawals of depositors, has resumed business. The steamer Conestoga left Erie for Chicago with a load of granulated sugar just before the great storm and was scuttled in shallow water to prevent her going to pieces. Her cargo now is one of syrup in bulk. H. H. Rogers has preserved in Millicent library at Fairhaven, Mass., a collection of autograph letters written by seventeen of the presidents of the United States. Mary Agnes Shearer, colored, was shot and badly wounded and her three-year-old child killed at Cannonsburg, Pa., by Al Davis, also colored. Davis claims he did not know the gun was loaded and pointed it as a joke.