1495. Bank of Victor (Victor, CO)

Bank Information

Episode Type
Run Only
Bank Type
state
Start Date
July 11, 1904
Location
Victor, Colorado (38.710, -105.140)

Metadata

Model
gpt-5-mini
Short Digest
bb19c291

Response Measures

Public signal of financial health

Description

Multiple contemporary reports mention a small run on the Bank of Victor in July 1904. The clearest account (Elbert County Tribune, 1904-07-21) says a small run began on the 11th; it was quelled when principal stockholder David H. Moffat telegraphed that he was sole owner and would send money if needed. No suspension or closure is reported in the articles. OCR errors in some exchanges corrected (e.g., 'H. Moffat' / 'David H. Moffat').

Events (1)
1. July 11, 1904 Run
Cause
Bank Specific Adverse Info
Cause Details
Reports that the principal stockholder (D. H. / David H. Moffat) was about to withdraw his support, prompting depositors to withdraw funds.
Measures
Principal stockholder telegraphed reassurance that he was sole owner and would send money if necessary to pay depositors.
Newspaper Excerpt
A small run was begun on the Bank of Victor on the 11th inst ... David H. Moffat, the principal stockholder was about to withdraw his support. He settled the matter by telegraphing that he was the sole owner and if necessary would send money to pay all depositors.
Source
newspapers

Newspaper Articles (4)
1. November 6, 1903 The Daily Sentinel Grand Junction, CO
Article from The Daily Sentinel, November 6, 1903

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Article Text

Bank Failures. There was considerable talk on the streets yesterday. regarding the bank failures at Cripple Creek, Victor and at Pueblo. The conditions were pretty generally known by those who keep close tab on matters of finance and no excitement resulted. In the case of the Cripple Creek bank. the practical reason for the failure of this bank was the conditions of labor in that camp, that has reduced the value of securities and created a feeling of great unrest. In the failures at Victor and Pueblo. the banks controlled by the Woods Investment Co. local issues are again responsible The Woods company have not been working profitable properties and have been spreading out SO greatly that, it was responsible for the lowering of their credit in the financial world. The Pueblo failure was simply the reflex of the Victor failure. There is no need whatever for the lest apprehension throughout Colorado. Financial conditions have never been better. the farmer and fruit grower have made money from bounteous crops and in a large number of camps, where silver has been the principal metal product. there is more hopefulness than ever before, owing to the rise in silver. The bank failures caused no excitement in either Pueblo or Denver. where the conditions of stringency of credit in the case of the Woods company have been known for a considerable length of time. The Bank of Victor, of which D. H. Moffatt of Denver is president was not affected by the failure of the other Victor bank and there was no run on that institution whatever. The state was never so prosperous as this year and the bank: generally throughout the state are enjoying a large degree of prosperity.

2. July 6, 1904 The Daily Tribune Florence, CO
Article from The Daily Tribune, July 6, 1904

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Article Text

AMONG OUR EXCHANGES. The biggest event in the Grand Valley on the Fourth was the celebra. tion at Fruita. An elaborate prorgam was prepared and carried out and afforded an interesting day's sport for those who attended.-Grand Junction Sun. As a result of a wager on a ball game played at Steamboat Springs July 4th between the Pilot and Sentinel ball teams, the editor of the Pilot is whiskerleas. and for a period of one week will not be editor of the Routt county publication. -Colorado Springs Telegraph. The drawing of their wages for last month by some 400 former employes of the Straiton's Independence Mining company, today gave rise to the report that there was a run on the Bank of Victor, where the fund of the mining company is kapt.-Cripple Creek Star. E. E. Staggs drew a gun, or what he thought was a gun in a saloon at Leadville on the 4th. It was a small 32-calibre affair with a barrel about three inches long. It was stated by parties who were there at the time that a man who would carry such an apology for a weapon ought to be sent up for a year for his presamption. The gun might be considered

3. July 20, 1904 The Lamar Register Lamar, CO
Article from The Lamar Register, July 20, 1904

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Article Text

NEWS ITEMS COLORADO the by Osteoits pathic national in Denver It has been decided organization tion 1905. to hold made being convention of are Railway Men's Active opening at Salida. have fixed 22d. 23d for Co-operative The the farmers store the clubs date of for Garfield and the 24th. county coun- of Carmack ennessee ty fair at September Senator an address at the Boulder Chautauqua ic United States will deliver on Democratfor started Day. relief fund the has victims been in of the the Inde- Crip the A benefit depot of explosion old pendence ple Creek district. prospector sui- livby ing at Idaho Springs acid. Peter Empire Bloom. station, an on committed the 11th inst and cide taking at carbolic women fourteen the county jail at Denver feud. at colored Four women white are confined reported in to be nursChautauqua ing a race session D.D., The Rocky began its Vincent, adJuly Glen 11th Park Rev. made B. T. the principal dress. presided The Denver and team has been time. of the playing with Western Colo well in rado in Springs it this Baseball the lead League for second. some Colorado is started year. people of Greeley the cotton-beng cotton-bearing have marking a The crusade against and are cut down a cottonwood number trees of them to be larg. at great a later date. Federico, one of the in the Lawrence manufacturer a been branch faest maccaroni talks of and has South, in Colorado with Pueblo. asfactory impressed Lancaster, and vorably Ellsworth Gage of philosophy has forOlipedagogy sistant Dr. professor at Colorado the presidency College, Michigan. of was mally accepted at Olivet, who vet College of John owens, Poudre flood ColThe body the Cache la near Fort of May July 21st, 15th. Owens. of age, lived in a enty-three the river drowned iins in years was found bank. who Wray was dug- sev- of Springs a out on Henry Russell Chamber of Com- to I has the centennial Peak in celebrate of the discovery Zebulon of merce the Secretary Pike's Pike. benefit anniversary Anniversary movement to of 1806 the by Lieutenant relief fund for of the the increasing Independdynamite $3,635 for the ence The 1st. rapidly. families The in of Already cash. victims outrage. held picnic August has is been inst. do- re- a lief nated fund will be of the plant 12th of the the evening fiber Company at Rocky fire damages was insured Denver The at once. On in $20,000. the Mountain caused sulphide Paper plant estimated and at about rebuilt Barela and will Senator be Casimer Democrats former Issued of a State other have transto ocratic will statement Las eighty-four Animas telling allegiance county why they from party. have the Demgathering ferred their the Republican of workers when 29th, A notable Denver September of managers Society of the of the meet the general in opens in Trinity Woman's Methodist Home Church Episcopewenty-third its anthe State nual con nvention. J. E. Topping of is making state President Association western at part of live the stock entries a Fair tour of the of securing At present the as I coming for the purpose for the fair. in as rapidly entries are be cared for. been acting they biologist Prof. can C. of Juday. absence the University who of has Dr. make of Ramaley Colorado a spe- in of the golden during has the been asked food and to feeding trout hab- of clal famous of the California. appointits Mount Whitney, Denver has members Mayor Speer commission of of six all public ed who an will art have and decorations. control of the Hereafter owner has of monuments become until it city of commission. any the such approved cannot work by the art on the Bank been run was begun inst, it being prin- reA Victor small on the 11th H. Moffat. the to withof ported that David was about the matcipal stockholder support. He that settled he was would the ter draw by telegraphing and if necessary depositors. sole send money owner to pay oldest all book of been records unProbably Weld the county has and rubin a heap at Greeley covered existing from house at of books of the The setin the court meeting at old book records the St. Vrain 6. 1859. for the St. Vrain. a claim bish tlers of the October country club. suit purpose the Boulder Fort The jury of founding in brought condemnation by the to sea Company outlet cure reservoir and at Greeley Weld right Reservoir of way from for John the God- who Ford. ditch of the banker of Rocky returned a dam- verdict ding. wanted giving a $8,000 the damages. defendant $1,000 brick ma to ages. One hundred laborers machinists. have been end put of the sons and getting the mill finishing at Pueblo this ready dework steel works rail The building and for has been for operation. is 500 feet long The machinery automatic partment some time. is of the as much erected is of to which be installed as quickly type.

4. July 21, 1904 The Elbert County Tribune Elbert, CO
Article from The Elbert County Tribune, July 21, 1904

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Article Text

COLORADO NEWS ITEMS It has been decided by the Onteopathic national organization to hold its convention in Denver in 1905. Active preparations are being made for the opening of the Railway Men's Co-operative store at Salida. The farmers' clubs of Garfield county have fixed the date for the county fair at September 22d, 23d and 24th. United States Senator Carmack of Tennessee will deliver an address at the Boulder Chautauqua on Democratic Day. A relief fund has been started for the benefit of the victims of the Independence depot explosion in the Cripple Creek district. Peter Bloom, an old prospector living at Empire station, committed suicide at Idaho Springs on the 11th inst by taking carbolic acid. Four white women and fourteen colored women confined in the county jail at Denver are reported to be nursing a race feud. The Rocky Mountain Chautauqua at Glen Park began its summer session July 11th Rev. B. T. Vincent, D.D., presided and made the principal address. The Denver team of the Western Baseball League has been playing well in the lead for some time, with Colorado Springs second. Colorado is in it this year. The people of Greeley have started a crusade against the cotton-bearing cottonwood trees and are marking a great number of them to be cut down at a later date. Lawrence Federico, one of the largest maccaroni manufacturers in the South, talks of estables.ng a branch factory in Colorado and has been favorably impressed with Pueblo. Dr. Ellsworth Gage Lancaster, assistant professor of philosophy and pedagogy at Colorado College, has formally accepted the presidency of Olivet College at Olivet, Michigan. The body of John Owens, who was drowned in the Cache la Poudre flood of May 21st, was found near Fort Coliins July 15th. Owens, who was sev-Snp B u] рели 'aSe JO Rears out on the river bank. Secretary Henry Russell Wray of the Colorado Springs Chamber of Commerce-has inaugurated a movement to celebrate the centennial anniversary of the discovery of Pike's Peak in 1806 by Lieutenant Zebulon Pike. The relief fund for the benefit of the families of victims of the Independence dynamite outrage, is increasing rapidly. Already $3,635 has been donated in cash. The pienic for the relief fund will be held August 1st. On the evening of the 12th inst. a fire in the sulphide fiber plant of the Rocky Mountain Paper Company at Denver caused damages estimated at about $20,000. The plant was insured and will be rebuilt at once. State Senator Casimero Barela and eighty-four other former Democrats of Las Animas county have issued a statement telling why they have transferred their allegiance from the Democratic to the Republican party. A notable gathering of workers will meet in Denver September 29th, when the general board of managers of the Woman's Home Missionary Society of the Methodist Episcopal Church opens in Trinity Church its twenty-third an3 nual convention. An President J. E. Topping of the State $ Fair Association at Pueblo is making a tour of the western part of the state for the purpose of securing live stock entries for the fair. At present the : entries are coming in as rapidly as they can be cared for. t Prof. C. Juday, who has been acting biologist of the University of Colorado during the absence of Dr. Ramaley in e India, has been asked to make a special study of the food and feeding habits of the famous golden trout of 1 Mount Whitney, California. Mayor Speer of Denver has appointed an art commission of six members 1 who will have control of all public monuments and decorations. Hereafter the city cannot become the owner of any such work of art until it has been approved by the commission. € A small run was begun on the Bank € of Victor on the 11th inst, it being re2 ported that David H. Moffat, the principal stockholder was about to withdraw his support. He settled the matter by telegraphing that he was the sole owner and if necessary would 1 send money to pay all depositors. Probably the oldest book of records existing in Weld county has been uncovered from a heap of books and rub-