20147. Bank of Newcastle (Newcastle, WY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 12, 1903
Location
Newcastle, Wyoming (43.855, -104.205)

Metadata

Model
gpt-5-mini
Short Digest
b0f139f01c0da480

Response Measures

None

Description

Newspaper items from Dec 1903 report the Bank of Newcastle being 'in the hands of the examiner' (Dec 12) and refer to the 'failure of the Bank of New Castle' in mid-December 1903 (Dec 22 article). No article describes a depositor run on Newcastle itself; the failure is treated as a bank-specific failure leading to closure/receiver action and runs at an unrelated local bank (Garland). Dates are taken from the publication dates and in-text timing references.

Events (2)
1. December 12, 1903 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was in the hands of an examiner (suggesting insolvency/official investigation leading to suspension).
Newspaper Excerpt
It is reported that the Bank of Newcastle, Wyoming, has for some days been in the hands of the examiner.
Source
newspapers
2. December 22, 1903 Receivership
Newspaper Excerpt
The Garland bank had its doors closed as a result of the failure of the Bank of New Castle last week. It was reported here that the local bank was involved with the New Castle institution and a heavy run was made. The Garland bank was connected in no way with the New Castle bank, however. Stockholders say they will be able to meet their obligations and resume business at once.
Source
newspapers

Newspaper Articles (2)
1. December 12, 1903 Custer Weekly Chronicle Custer, SD
Article from Custer Weekly Chronicle, December 12, 1903

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Article Text

SATURDAY, DECEMBER 12, 1903. Go to Heidepriem's for toys. Those new buggies and wagons are fine. The hunting season closes next Tuesday, December 15th. Miss Rilla Mae Willis has organized a music class in Hill City. If you want an overcoat or suit thats right go to Willis Dunn Co. B. R. Wood and W. S. Wood have gone to Omaha with a shipment of cattle. Services in the Congregational church Sunday, December 12th, throughout the day. Judge Feay has been confined to his home the greater part of the week with a severe cold. O. L. Metcalf has purchased Lofland's dray line and will conduct the business in the future. C. J. Sine, Supt. of the Ivanhoe left for his home in Indiana on the 7th to attend the funeral of a brother. Mrs. T. V. Garlock is able to be out again, after being confined to her home for some time with a severe cold. Headquarters for Santa Claus is again at Heidepriem's. A light snow visited Custer on Monday night last and in the morning the ground was covered to the depth of about one inch. Casper Billings and Miss Ruby F. Tubbs were married in this city Thursday, December 10th. Justice E. H. Raymour performed the ceremony. The Knights of Pythias are preparing to give a grand ball at the opera house on Christmas night. The best of music will be secured. Everybody invited. Alonzo Ayers and Theodore Rasmussen represented Buffalo Gap in town Thursday. While here Mr. Rassmussen filed on a piece of desert land near Fairburn. It is reported that the Bank of Newcastle, Wyoming, has for some days been in the hands of the examiner. We trust that does not mean the hands of a receiver. The Congregational fair and supper on Friday evening of last week was a splendid success socially, financially and otherwise. Something over $125 being netted. It is reported that Mrs. Ennie Tow. ner, who has been very ill with inflamatory rheumatism and dropsy, is no better, and no hopes are held out for her recovery. Makes assimiliation perfect, healthy blood, firm muscles, strong nerves. Quickens the brain, makes and keeps you well. Great medicine, Rocky Mountain Tea. A. J. Jones. Christmas presents at Heidepriem's.

2. December 23, 1903 Deseret Evening News Salt Lake City, UT
Article from Deseret Evening News, December 23, 1903

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Article Text

RUN ON A BANK. That at Garland, Wyo., Affected by a Newcastle Failure. (Special to the "News.") Garland, Wyo., Dec. 22.-The Garland bank had its doors closed as a result of the failure of the Bank of New Castle last week. It was reported here that the local bank was involved with the New Castle institution and a heavy run was made. The Garland bank was connected. in no way with the New Castle bank, however. Stockholders say they will be able to meet their obligations and resume business at once.