First National Bank (Pueblo, CO)

Episode Information

Episode UID
183301458
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
18330 national
Charter Number
1833
Start Date
June 5, 1921
Location
Pueblo, Colorado (38.254, -104.609)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
74d9f606928ce7cc

Response Measures

None

Description

Banks closed after the June 5, 1921 Arkansas River flood; articles describe a temporary moratorium rather than failure.

Events (2)

1. June 5, 1871 Chartered
Source
historical_nic
2. June 5, 1921 Suspension
Cause
Local Shock
Cause Details
Severe flood in Pueblo (Arkansas River) inundated bank buildings and destroyed records, forcing banks to remain closed and request moratoria.
Newspaper Excerpt
None of them as yet opened its doors; Western National bank has asked for a six day moratorium.
Source
newspapers

Newspaper Articles (2)

Article from New-York Tribune, June 6, 1921

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Article Text

imnot mediately get out will of be. their forced own out, accord say the authorities. Further Tragedy Guarded Against is anticiNo additional loss of life as warnings pated had cleared the threw a cordon from the and new danger troops flood, zone of every prehuman around being, the low-lying district to vent any one entering. rain turned the lathery into The sheets of of the first flood with the mud remnant that joined drove curb-high rivulets The rain incoming new flood. shelter, leaving the spectators to except for curious the streets deserted rangers and civilian of the guards, armed troops, who retreated in the face Florence, steadily -Concern rising Col., is felt which overflow here was for in the the fate path of of the new score flood of waters. prisoners in the were City All the the river bank, Police Hall, located to-day on by Chief of work. A Daly liberated and assigned to larceny some drove the charged with accused bootleggers in car, while aided routing youth and chief's other out known families criminals in the danger zone. The release from jail to followed above the the with rowboats. of rise second of story the flood of the waters City Hall and was the effected were witnesses trains The police of two passenger of pas- in are destruction the local vards believed Friday. to Scores have been in lie the swept sengers away and perished. The half-buried surrounded coaches by piles of poles, broken vards to-night, twisted houses, rails, of lumber, wreckage. upturned telephone box control cars and all flooded manner district is under volunteer of citizens and The uniformed regular militiamen, police, all carrying arms conspicuously. estimating Chief of Police 1,000 Daly said in there were of the total children dead in at the lowlands, have most 1,000 whom, difficulty he escaping believed, from would the flood had waters. in this section Friday night said. "I was the inhabitants," he The warning took the warnings lightly myself. I had difficulty for the waters that "They came down it is in so possible escaping suddenly then to I numerous don't see children how in this section have escaped." the W. Pressley, chairman of of what safety S. committee, in in charge searching for work is being done can be made ther. bodies, until the says waters no progress have gone down furLittle Insurance Carried of the property loss range Only Estimates to $20,000,000. insur$1,000,000 from $5,000,000 of this is covered learned. by The far as can be carried White-Davis ance, so Clothing Company Its loss was $50,000 flood The insurance. Crews-Beggs Drygoods store Company, $250,000. the largest $50,000 department flood insurin Pueblo, loss carried was $3,000,000. city. Fires ance. caused Its but minor losses to in open the Monday. Three banks First plan National, the Bank ColoThey are the and the Southern and of Minnequa The Pueblo Savings rado Bank. Company, which was completely First flooded, Trust will operate through the National. The records of the washed depositors away in the in savings bank and were in others damaged, Bank The some cases National Bank and the Western were flooded. officials say of There Pueblo is both plenty of bread in Pueblo now, E. B. Hornbecker Light of and the Power Arkansas Comelectric current pany, Valley announced Railroad, that he from had the arranged Cologet Fuel and Iron Company. rado American Legion at Walsenburg to aid in The to send 100 men The volunteered rehabilitation work in Pueblo. reached the declined. Seven men to-day. here offer by was auto from Walsenburg City Awakes to Grewsome Task a second night of take horror, up After awoke this morning to task of Pureblo terrible collecting victims, and of of identifying the her dead flood thousands to carry succor to establishing trying refugees and of to stranded communication over which outside lines send her of call for help from the world. Flood warnings were sounded again The morning at 3:30 o'clock. Main Arkansas this River rose rapidly to Court Second streets and Main and did not and streets, but the second big flood come Roads until between later. here and Colorado are reported impassable Springs farther than Walker. The Fountain the River has risen about six inches in last six hours. The searching of ruins for bodies in inundated district has been greatly It is hampered the by the rising water. ruins impossible to get into the city. in many of the lower sections of the Thirty Pueblo business structures flood. been destroyed by the have have of them lie in ruins. Others two been Many swept away. Altogether but are covered by flood insurance. Manitou reports that the waters At of Fountain Creek are rising rapidly. forced Buxton many persons have been of leave their homes and seek places to to safety. Men have been dispatched Manitou reservoir to guard against It the threatened bursting of the dyke. a has rained heavily all night and was still raining this morning. Streets Cleared by Troops PUEBLO, June 5 (By The Associated


Article from The Bennington Evening Banner, June 7, 1921

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Article Text

Financial Institutions Remain Closed-Many Records Lost MANY MERCHANTS RUINED One Fortunate Sells Business Only Few Hours Before City Is Devasted Pueblo, Col., June 7.-A run on the banks of Pueblo is not improbable. None of them as yet opened its doors, but the populace is waiting to get at its savings. The Western National bank has asked for a six day morator ium. All its records and accounts were destroyed when the building was submerged. An order is request ed, miminizing the amount of cash that each depositor can withdraw from his account. Such a provision will preserve the banks and stabilize, somewhat monetary conditions, it is said. E. C. Mewther of the Singer Sewing Machine company reported his stock and records a total loss. Fifty thousand dollars standing out on account is his solitary asset. And that depends entirely on the honesty of his dbtors. H. T. Frasier, proprietor of a Pueblo sadd'ery, at Second and Main streets, reports a loss of $100,000 to his stock and building. "I may be able to begin again with what cash I have in reserve, but I dare say no other merchant in my block is as fortunate." Morris Penter, a former Denver newspaper mtn and owner of a cigar store in Pueblo, suffered a loss estimated at $40,000. He says he will return to the field of journalism to regain his feet. L. L. Grey, owner of the Oriental Cigar store and the building which it occupied at 123 West Third street, until Friday afternoon, escaped financial disaster by a freak of fortune. He sold his business and his building three hours before the flood and received cash in the transaction.