Bank of Salt Lake - Salt Lake City, UT

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 19, 1901
Location: Salt Lake City, Utah (40.761, -111.891)

Metadata

Model: gpt-5-mini
Short Digest: 2870d955

Response Measures

None

Description

Article (1901-07-19) discusses the Bank of Salt Lake as defunct and refers to receiver's report and creditor suit against James H. Bacon. No run or temporary suspension described in the excerpt; bank is already defunct/in receivership. Classified as suspension_closure because the bank is closed/in receivership with litigation.

Events (1)

1. July 19, 1901 Receivership

Newspaper Excerpt: A large portion of the stock eventually found its way into the vaults of the Bank of Salt Lake, and consequently into Bacon's possession. ... one of the creditors of the defunct Bank of Salt Lake ... Suit will be filed in the federal court today accusing him of concealing from his creditors property worth at least $145,000.
Source: newspapers

Newspaper Articles (1)

1. July 19, 1901 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, July 19, 1901

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Article Text

# BACON BANK FAILURE # WILL AGAIN BE PROBED Federal Court Suit to Set Aside Bacon's Discharge From Bankruptcy. Sensational Disclosures in a Receiver's Report That Was Never Published-Bacon's Alleged Wealth. James H. Bacon's checkered career as a financier is again to be placed under the calcium light. Suit will be filed in the federal court today accusing him of concealing from his creditors property worth at least $145,000. A. T. Moon, one of the creditors of the defunct Bank of Salt Lake and therefore The Bank of Salt Lake discounted the notes and took the stock as security. A large portion of the stock eventually found its way into the vaults of the Bank of Salt Lake, and consequently into Bacon's possession. This is a portion of the stock which it is alleged in the present suit that Bacon retained through various transfers and concealments.