21397. Continental National Bank (Salt Lake City, UT)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
9403
Charter Number
9403
Start Date
August 1, 1911
Location
Salt Lake City, Utah (40.761, -111.891)

Metadata

Model
gpt-5-mini
Short Digest
2650d417

Response Measures

Accommodated withdrawals

Description

Multiple newspapers (Aug 1–6, 1911) report a mild/light run on the Continental National Bank's savings department in Salt Lake City caused by a mistaken idea that the bank was involved in pending litigation. The run was short-lived; much of the money returned the same day and regular deposits were unaffected.

Events (1)

1. August 1, 1911 Run
Cause
Rumor Or Misinformation
Cause Details
A mistaken idea that the bank was concerned in pending litigation (false report) triggered a flurry of withdrawals from the savings department.
Random Run
Yes
Random Run Snippet
mistaken idea that the bank was concerned in pending litigation
Measures
Run was short-lived; much of the money withdrawn in the morning returned by afternoon; regular deposits unaffected.
Newspaper Excerpt
A mild run on its savings account department was experienced by the Continental National bank of this city. ... At noon approximately $30,000 had been withdrawn.
Source
newspapers

Newspaper Articles (3)

Article from The Norfolk Weekly News-Journal, August 4, 1911

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Article Text

Run On Salt Lake Bank. Salt Lake. Aug. 1.-A mild run on its savings account department was experienced by the Continental National bank of this city. The regular deposits, it was stated, were not affected. At noon approximately $30,000 had been withdrawn. A petition for a receiver for the Commercial National bank, which named among other defendants officers of the Continental National bank, was filed in the federal court here Saturday by a number of stockholders of the Commercial National bank, it being charged that the liquidating company had failed properly to safeguard the interests of the petitioning stockholders when the new bank, the Continental National, was organized.


Article from The Salt Lake Tribune, August 6, 1911

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Article Text

TER TONE IN USINESS FELT ect of Decrease in Freight tes Proves Stimulus in Local Circles. ER MONEY ALSO HAS GOOD EFFECT Is One of Bargain Sales, clined to Bring Much Loose Cash. arked improvement is noted in business situation. partly due prospect of cheaper freight dates rtly to the fact that the money is much easier. Sales were not different from last week, but rance of the corresponding week year. Counter sales, discount argain sales now in progress are to continue until August 30, N bringing in considerable loose the merchant, particularly in seds and clothing lines. Fall adstvles are now coming in through B guyers. and there is every prosthat prices will be in the confavor over fall of last year. is particularly true of woolen as well as cottons, the price for ter having been already fixed in nation of a heavy cotton crop in sthern states, In nearly all artiSWIT prices are likely to be the with finer qualities and more va. in styles. financial outlook is said by local to be better than it has been me time. though there is little lively about it. No news is often news in financial circles, and it is Ilv considered that there will be times and conditions. Reports the east indicate a hopeful aspect with money much easier than it NO for months. This is felt here crops are good all over Utah seighboring states seems to be enerally accepted, and this lends p brightness to the situation. m some bad reports have come in to middle western states. it seems O had little effect on the money p nor is there any depression ti asywhere. la 50 called "run" on the savings W ment of the Continental National due to & mistaken idea that the n was concerned in pending litiga cr caused a flurry during the week. O was but short lived. An hour or C to fified to run it out, and nearly to money drawn in the morning C Hurned to the bank in the after. se Confidence in the bank has not E 00 the part of those who unst the situation, and it is in no affected.


Article from The Red Cloud Chief, August 10, 1911

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Article Text

has arrived at Gibraltar. After being entombed in a mine cave-in at Joplin, Mo., for seventy-two hours, Joseph Clary was released lit tle the worse for his experience. The coal famine continues all over Saskatchewan and Alberta. Even were the mines opened tomorrow the famine would not be dispelled by win. ter. Ninety per cent of the crop in one of the richest sections of the Niagara peninsula fruit belt in Canada was destroyed by a terrific hall storm Sun day. Fifty nations, including the United States, are represented at the first universal race congress, which was opened Thursday at the University of London. At least eight and perhaps ten lives are lost in a fire which partly destroyed one of the main buildings of the insane asylum at Hamilton, O. Tuesday. Colorado day, the thirty-Afth anniversary of the admission of the state of Colorado to the union, was observed Tuesday as a holiday through. out the state. , The fire which has been raging for a week on the San Bernardino mountains in California has assumed a size far greater than any other in the his tory of the range. A cablegram from Shanghai, China, indicates that the relief expected in the famine stricken districts of China from the spring crops have been minimized by another flood. The present drouth in Kentucky is the worst in years, according to reports from all over the state. In many counties, streams and cisterns are dry and drinking water is scarce. The government has taken the duty off coal imported into Canada at all ports between Soo, Ontario, and the Pacific coast to relieve the coal fam ine in the western provinces. A light run on its savings account department was experienced Monday by the Continental National bank of Salt Lake City. The regular deposits, it was stated, were not affected. Several hundred descendants of John Alden and Priscilla Mullins, of Pilgrim fame, are gathered at Duxbury, Mass., for the eleventh annual reunion of the Alden Kindred of America. Two women were killed and a man probably fatally injured when an Erie passenger train running sixty miles an hour struck an automobile on a crossing at North Randall, near Cleveland, Ohio. Murdered, apparently by burglars, William Henry Jackson, a well known Wall street broker, seventy years old, was found dead on the floor of his bedroom at the Hotel Iroquois in New York city. Angry because the Chillicothe, Ohio. jail authorities had compelled him to take a bath, John Tarsons, a negro, attempted to commit suicide by cutting his throat with the handle of a rusty tin cup. The voters of Missouri Tuesday authorized a bond issue of $3,500,000 for the rebuilding of the state capitol at Jefferson City. The building was destroyed by fire a little more than six months ago. Owing to the continued pressure brought to bear upon them by eandidates for re-election of the Ontario parliament the leaders of both parties decided to begin active campaigning early next week. Samuel Gompers, Frank Morrison and John Mitchell, the labor leaders, have been allowed twenty days by Jus. tice Wright of the supreme court in which to answer the charges of contempt against them. The first step of the special session of the legislature towards stringent saloon regulation in Texas was taken when a senate committee reported favorably a resolution for the closing of the saloons from seven o'clock at night until six in the morning, a ten mile law and a quart law. As a result of the charges and counter charges between Democratic Leader Underwood and William J. Bryan, over Underwood's position on the iron and steel schedule, it is said to be possible that a revision of those schedules will be added to the democratic platform for this session. A daughter was born at the general hospital in Sault Ste. Marie to Mrs. Angelin Napolitina, the convicted slayer of her husband, who was Staltenced to bei hanged Wednesday next.