21402. Deseret National Bank (Salt Lake City, UT)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
2059
Charter Number
2059
Start Date
September 20, 1895
Location
Salt Lake City, Utah (40.761, -111.891)

Metadata

Model
gpt-5-mini
Short Digest
5123f168

Response Measures

Accommodated withdrawals

Description

A run is reported on 1895-09-20 (payday large withdrawals by railroad employees). Subsequent articles (Dec 1895, Apr and Jun 1896) reference a receiver, confirmation of receiver's sale and report, indicating the bank went into receivership and was closed. Sequence is therefore run → suspension/receivership → closure. I corrected minor OCR errors in Article 1 (e.g., 'he' → 'the', 'hem' → 'them').

Events (4)

1. September 20, 1895 Run
Cause Details
Large payroll withdrawals on payday by Union Pacific and Rio Grande Western employees produced heavy withdrawals.
Newspaper Excerpt
The boys made a great run on the Deseret National bank about the hour of noon, a street car load of them coming up from the shops and yards at the same time.
Source
newspapers
2. December 20, 1895 Suspension
Cause Details
Bank placed in receivership (report and account of receiver approved by court), likely following prior liquidity strain from heavy withdrawals and subsequent problems.
Newspaper Excerpt
Deseret National bank v8 Little, Roundy & Co.; order approving report and account of receiver.
Source
newspapers
3. April 3, 1896 Other
Newspaper Excerpt
Deseret National bank vs. Little, Roundy & Co. et al.; sale as made by receiver confirmed.
Source
newspapers
4. June 13, 1896 Other
Newspaper Excerpt
Deseret National Bank v8 Little, Roundy & Co.; report of receiver confirmed and hearing on all other matters continued until two weeks from today.
Source
newspapers

Newspaper Articles (4)

Article from The Salt Lake Herald, September 20, 1895

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Article Text

Run on the Bank. It was payday yesterday for both he Union Pacific and the Rio Grande Western. The boys made a great run on the Deseret National bank about he hour of noon, a street car load of hem coming up from the shops and vards at the same time. A very repectable sum of money was distributamong the employees of the two


Article from Deseret Evening News, December 20, 1895

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Article Text

THIRD DISTRICT COURT. Assemblage or Attorneys-Short Orders $10,000 Damage Suit. A. large number of attorneys assembled before Judge Merritt in the rooms of the Supreme court this morning. The gathereng was called for the purpose of consulting and suggesting as to the disposition of all cases now pending, and to determine as to what courts they should be transferred upon the advent of statehood. Opinions were expressed by Attorneys Pierce, Richards, Powers and others, but nothing of a definite nature was brought out and an adjournment was taken until Monday morning at 10 o'clock. Tomorrow merning the Supreme court will convene. SHORT ORDERS. Pioneer Nurseries Co. va David Day; order that on death of defendant Mrs. Elizabeth Raddon, administratrix, be substituted. Joseph T. Kingsbury V8 J. M. Kennedy et al; order made for publication of summons. J. F. Hamilton et al V8 John E. Dooly; order granting plaintiff ten days in which to file bill of exceptions. Deseret National bank V8 Little, Roundy & Co.; order approving report and account of receiver. Frank Thompson et al VS E. S. Bishop et al; judgment by default. $10,000 DAMAGE SUIT. Mary A. Andrews V8 Mercur Gold Mining and Milling company, is the title of a $25,000 damage suit which has been filed in the Third district court. The case involves the death of W. J. Andrews, plaintiff's husband, who was killed by a cave-in in the Ninared No. 1 tunnel at Mereur, on the 9th day of October last.


Article from The Salt Lake Herald, April 3, 1896

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Article Text

Short Orders. Oswald Herrman vs. Gustave J. Barthel; judgment for plaintiff for $700 and costs. First National bank of Helena vs. Katherine C. Belcher: evidence on trial closed and arguments set for Saturdav. Charles Mader VS. Taylor, Romney, Armstrong company and Salt Lake Building and Manufacturing company; judgment for defendants. Deseret National bank vs. Little, Roundy & Co. et al.; sale as made by receiver confirmed.


Article from Deseret Evening News, June 13, 1896

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Article Text

District Court Orders. Chas. Mader vs. Taylor, Romney & Armstrong Co.; ten days additional time granted in which to prepare and serve statement on motion for a new trial. Deseret National Bank V8 Little, Roundy & Co.; report of receiver confirmed and hearing on all other mat. ters continued until two weeks from today. E. P. Mowers VS Salt Lake City; demurrer to complaint submitted without argument. J. B. Smith va F. W. Hanson; motion to strike cut certain parts of the complaint argued and denied. In five street of E. M. Weller et al, executors, against Emily Hill Wood. mansee; foreclosure of mortgage was ordered on default of defendant. Harriet Ann Watson et al VA A. P. Mayberry; case reopened to permit defendants to introduce documentary evidence. Plaintiff excepted and the