First National Bank - Deadwood, SD

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 2391
Charter Number: 2391
Start Date: December 9, 1906
Location: Deadwood, South Dakota (44.377, -103.730)

Metadata

Model: gpt-5-mini
Short Digest: 3a39adef

Response Measures

Accommodated withdrawals

Description

Article (Dateline Deadwood, S.D., Dec. 9, 1906) reports miners made a run on the First National Bank. The bank paid every check presented and remained open; no suspension or closure mentioned.

Events (2)

1. July 25, 1878 Chartered

Source: historical_nic

2. December 9, 1906 Run

Cause: Local Shock
Cause Details: Mass meeting of Homestake miners and threat of strike prompted miners to withdraw funds to prepare for leaving the area.
Measures: Bank paid every check presented.
Newspaper Excerpt: Yesterday the miners made a run on the First National Bank, where hundreds of them have funds on deposit. The bank paid every check presented, but the run will probably be resumed to-morrow as soon as the institution opens.
Source: newspapers

Newspaper Articles (1)

1. December 10, 1906 The Sun New York, NY

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Article Text

HEARST'S MINERS' ULTIMATE M. Mass Meeting of Homestake Men Say They II Strike Unless Union Is Recognized DEADWOOD. S. D., Dec. 9.-A mass meeting this afternoon. attended by 2,000 of W. R. Hearst's Homestake miners, unanimously decided to telegraph an ultimatum to the directors of the Homestake demanding that the requests made to the manager of the mine be granted. Unless these are granted, the strike will follow. The directors have promised to consider the demands at a meeting which will be held in San Francisco next Tuesday, when the fate of the labor movement will be decided. To-day every saloon and gambling house in the Black Hills was closed by orders of the authorities, who are doing everything possible to keep down excitement and to prevent disorder. Yesterday the miners made a run on the First National Bank. where hundreds of them have funds on deposit. The bank paid every check presented, but the run will probably be resumed to-morrow as soon as the institution opens. The miners say they are preparing to leave the Black Hills in case a strike is ordered and want no hitch to occur to prevent them from leaving. Hence they are getting their cash ready for the exodus.