First National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 2597
Charter Number: 2597
Start Date: June 17, 1893
Location: Ogden, Utah (41.223, -111.974)

Metadata

Model: gpt-5-mini
Short Digest: f0bf866b

Response Measures

Accommodated withdrawals

Description

Newspaper (Deseret Evening News) June 17, 1893 reports a slight run on the First National in Ogden. No suspension, closure, or reopening is mentioned; bank officers were on the ground assuring depositors and holding reserves. The run appears linked to local bank failures/scare (Park City bank, Kidder Brothers), so classified as driven by distress of local banks.

Events (2)

1. December 9, 1881 Chartered

Source: historical_nic

2. June 17, 1893 Run

Cause: Local Banks
Cause Details: Run occurred during a broader local financial scare following the Park City bank suspension and the failure of Kidder Brothers; depositor nervousness from nearby bank failures.
Measures: President and cashier were on the ground reassuring depositors; bank held reserves to meet demands.
Newspaper Excerpt: A slight run was made Monday morning upon the First National, but the president, John J. Daly, and the cashier, Samuel J. Kenyon, were on the ground and gave ample assurance to the many depositors that they held in reserve plenty of money to meet all the demands upon them.
Source: newspapers

Newspaper Articles (1)

1. June 17, 1893 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, June 17, 1893

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Article Text

ADJACENT CITIES. THE PARK. OGDEN. JUNE 17. OGDEN, UTAH, BUSINESS REVERSES. ONLY A DREAM. The Park City Bank Suspension.Kidder Brothers' Failure. The Supposed Finding of the Body of J. Heary Taylor Turned Out The one great excitement during to Be a Hoax. the week was the sensational failure of the Park City bank, the oldest bank in The news brought to town Thursday the town and one which had the full by an individual who said the body of confidence of the people. Many are J. Henry Taylor had been found at the rumors as to the cause of the fallParadise creek turned out to be a ure, but nothing will be known defl"fake." The report NOW seems to nitely until a statement is made by the have had its origin in the dream of an old man, a resident of assignee, which statement is now North Ogden, who dreamed he anxiously looked for every day. The saw Taylor's body riddled with excitement among the many depositors bullets and BO told a friend, the rehas been great during the week, but suit being the circulation of the rumor the more conservative ones look for that the body had been actually round AR stated. On Thursday evening, about payment in full. A meeting 18 being 8 o'elock, Sheriff Belnap with one or held by the stockholders today, and at two others started for Paradise creek, this meeting it is expected that a fully expecting to return with the body polley will be outlined for future action. Cashier Richardson came up of Taylor, but diligent search failed to discover any trace of the missing man. to Park City this morning and will remain until affairs are put in a clear Last night the sheriff and party returned, leaving about nity men to conlight. Under the efficient managetinue the search until Sunday. ment of Ed Kimbali, the assignee, the Mrs. Taylor, wile of the missing man, depositors can feel hopeful. was 80 affected over the news of ThursQuick upon the heels of the suspenday that the services of a physician eion of payments by the Park had to be procured. She is said to be City bank came the announcement in a precarious condition consequent of the failure of Kidder Brothers, upon the shock. There were many the oldest lumber dealers in the camp. tumors afloat again yesterday about This firm as owing the bank over finding Taylor's body, but all of them $20,000, and their inability in meeting were without foundation. The affair this forced them to the wall. It is is now the absorbing topic of convernow thought that the financial scare is sation, and further developments are over with, and the merchants and anxiously awaited. others are looking forward to better times. Chinamen in a Runaway. A slight run was made Monday morning upon the First National, but Last night P. horse, wagon and three the president, John J. Daiy, and the Chinamen were seen to go at a too cashier, Samuel J. Kenyon, were on lively pace for safety over Twenty-first the ground and gave ample assurance bill. Suddenly the horse stumbled, to the many depositors that they held breaking its neck and precipitating in reserve plenty of money to meet all the three Chinamen into the street, demands upon them. Messre. Daly where they jaid for some time grownand Kenyou have been In the city the and shouting for help. One of the greater part of the week on business number-Ah injured rather in connection with their bank. badly;the others escaped unburt, save for a few soratches and a shaking up. K. OF P. MEMORIAL DAY. The accident attracted a large crowu. Memorial day of the K. of P. was celebrated last Tuesday afternoon. The lodge was out In full force and A Serious Charge. headed by a uniform band they visited R. Faulkner, a resident of this city, the cemeteries and decorated the was yesterday placed under arrest, graves of departed brothers. This upon the complaint of a young lady custom of memorial day in the var. named Laura Calvian, charged with lous lodges is becoming very popular, Cornication. Faulkner was taken and lan fitting tribute to the worth of before Judge Bishop, waived examinasuch organizations. ion and was held in the sum of $1000 MINING COMPANY ELECTION. to await the action of the grand jury James Faulkner and George H. GreenO. H. Hardy and Walter Burton well became his sureties. were up Wednesday attending the annual meeting of the Lucky Bill Mining company. The old board of Police Court Items. directors were elected for the coming A party of fourtee vaga were year, and development work on the given fliteen days each yesterday in mine was ordered to be pushed along the police court. Ed Burke was rapidly. Arrested on the same charge later in SUMMER VACATION. the day and similarly punished. This Park City public schools were closed nade the fifteenth arrest during the this week for the usual summer vacalay. tion. Splendid progress was made W. J. Hall, arrested a few nights during the year, and the opening of go for having relieved a man named the new school year in September will Tom Adams of $50, washyesterday dis. see the schools better equipped than charged, the complainant failing to ever before. appear. ONTARIO WORKS. A large force of men are busy at Another Burglary. work on the Ontario leacher, and when the grading is finished active work on Stone's store on Washington avenue the building will commence. Many was entered yesterday morning and carpenters are now employed in fram. goods to the amount of $50 ing the heavy timbers, and before long tolen. The loss was immeWe will see another monument of the dately made known to the great Ontario. police. Suspicion has fallen upon two HEAVY ORE SHIPMENTS. ada who are well known for their hieving proclivities. Arrests will Ore shipments still continue at a likely be made today. lively rate, and the sampler is pushed to its fullest capacity to handle all the John Dwyer was arrested last night ore which 18 brought to them. or drunkenneas and was this morning WILL. allowed to go free on promising to leave PARK CITY, June 1893. town.