21408. First National Bank (Salt Lake City, UT)

View Charter #1695 on SPMC

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
1695
Charter Number
1695
Start Date
March 20, 1873
Location
Salt Lake City, Utah (40.761, -111.891)

Metadata

Model
gpt-5-mini
Short Digest
078f32fc

Response Measures

None

Receivership Details

Depositor recovery rate
24.4%
Date receivership started
1874-12-10
Date receivership terminated
1879-05-14
OCC cause of failure
Losses
Share of assets assessed as good
2.9%
Share of assets assessed as doubtful
95.5%
Share of assets assessed as worthless
1.5%

Description

Multiple items in the articles: a short run on Mar 20, 1873 (quickly paid and confidence restored), a suspension on Sept 27, 1873 tied to the Eastern commercial crisis/scarcity of currency (no prior depositor run reported at the moment of suspension), and a formal resumption in late October 1873. There is also a later suspension note on Oct 28, 1874 (briefly reported). The overall notable episode in the set is the Sept 1873 suspension followed by resumption, so I classify as suspension_reopening. OCR errors corrected in dates/phrasing; Article 7 explicitly blames a hasty local item for the March run.

Events (6)
1. November 15, 1869 Chartered
Source
historical_nic
2. March 20, 1873 Run
Cause
Rumor Or Misinformation
Cause Details
Local hasty/ill-advised item in the Salt Lake City Mining Journal reported to have caused the run
Random Run
Yes
Random Run Snippet
Salt Lake City Mining Journal's hasty item caused an exciting run
Measures
All demands were promptly paid; bank paid out cash and restored confidence
Newspaper Excerpt
A run this morning on the First National Bank created an excitement. All demands, however, were promptly paid, and, before closing, confidence was fully restored
Source
newspapers
3. September 27, 1873 Suspension
Cause
Macro News
Cause Details
Part of the wider Eastern financial/commercial crisis and scarcity of legal-tender currency; correspondents/Eastern banks could not supply needed currency
Newspaper Excerpt
The First National Bank closed this morning ... Eastern commercial crisis has reached us. Depositors have drawn heavily for a week past
Source
newspapers
4. October 24, 1873 Reopening
Newspaper Excerpt
N. P. Langford ... announcing the resumption of the First National Bank of Utah to-morrow. He says the capital is unimpaired ... the bank is now stronger than any other national bank in the Territory or in the Pacific States.
Source
newspapers
5. October 28, 1874 Suspension
Cause Details
Article reports suspension but gives no clear cause beyond the statement of suspension; possibly temporary currency shortage or seasonal/local liquidity issue
Newspaper Excerpt
The First National Bank of this city suspended payment this afternoon, but hopes to resume again in a few days.
Source
newspapers
6. December 10, 1874 Receivership
Source
historical_nic

Newspaper Articles (24)
1. March 21, 1873 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, March 21, 1873

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COAST PIN FROM CALIFORNIA. SAN FRANCISCO. March 20. On the departure of Ben. Holladay for Portland this morning. a battery of heavy guns was planted at the wharf. and a parting salute fired in his honor. A man who had Leen aggrieved. in some way, by the Editor of the Post. met that gentleman in front of his office to-day. and commenced abusing him. Mr. George resented with blows. but being much smaller than his antagonist. accomplished no more than a *forced recomoissance." No arrests. Robinson, in the Oakland Jail. still insists upon the truth of the charges preferred by him against Gordon, and says it his liberty were offered him. he would not change his story. The body of O. L. Shafter, who died at Florence, Italy, a few weeks since, has been brought to this city for interment. Win Sherman. the newly appointed Assistant United States Treasurer. will qualify April 1st. The Pilot Commissioners have reVoised the license of Captain Diggs, the pilot by whose negligence the ship Patrician was wrecked. He did not take the vessel clear of the bar and she struck the bottom. Los ANGELES, March 20. Advices from Prescott. Arizona, state that Augustus Swain and Joseph McDonald were surprised and killed by Apaches on Tuesday. the 11th, nine miles below Wickenturg. The bodies were horribly mutilated, stuck with arrows. and shot through and through with bullets. The Indians are supmosed to be a band of Apache Yumas. The bodies were brought into Wickenourg and buried. A party have started in pursuit. Swain was one of the first white settlers in Arizona, and widely known as a Government guide. SALINAS CITY. March 20. An attempt at suicide occurred yesterday afternoon on Corral de Tierra rancho, ten miles from this place, by J. 11. Gordon, an old and well-known citizen of this county. The immediate cause of the attempt was from anlicipate d trouble in regard to the title to the ranch now occupied by Gordon and his brother. Gordon fired two shots, one through the muscular tissue of the neck. and the other was tired into the month, and entered the pard portion of the ralate. The wounds will in all probability prove fatal. NEVADA. PALISADE. March 20. Wells, Fargo & Co. shipped by today's exp ress sixty bar- of silver bullion. weighing 8.304 pounds. from the Meadow Valley Mining Company, Pioche, to San Francisco. UTAH. SALT LAKE CITY, March 20. Mrs. United States Senator Logan left he re to-day for the East, with the remains of her father, Captain Cunningham. A run this morning on the First National Bank created an excitement. All demands, however, were promptly paid. and, bef reclosing. confidence was fully restored, the bank having, as reported, a cash surplus of nearly $100000.00 Letters from parties in London express much concern in regard to the management of Utah mines owned by them. It is stated that English capitalists are losing confidence, not as to the intrinsie value of the mines, but on account of the sharp speculative practices of parties interested in this Territory.

2. March 21, 1873 The New York Herald New York, NY
Article from The New York Herald, March 21, 1873

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SALT LAKE. SALT LAKE CITY, March, 20, 1873. The wife of United States Senator Logan left here to-day for the East with the remains of her father, Captain Cunningham. There was a run this morning on the First National Bank and much excitement in consequence, but all the demands were promptly paid, and before the closing of the concern public confidence in its solvency was fully restored, the bank having, it was understood, a cash surplus of nearly $100,000. Letters from parties in London express much concern in regard to the management of mining property in Utah owned by them. It is stated that the English capitalists are losing confidence, not in the intrinsic value of the mines, but on account of the sharp speculative practices of parties interested in this Territory.

3. March 21, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, March 21, 1873

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UTAH. Personal-- on a Bank-English Distrust in Utah Mining Management. SALT LAKE, March 20.-Mrs. Sonator Logan left here to-day, for the East, with the remains of her fathor, Capt. Cunningham. The run, this morning, on the First National Bank, produced considerable oxcitement ; but in consequenco of all demands being promptly paid. confidence WAH fully rostored before closing, the bank having, an reported, a cash surplus of nearly $100,000. Lotters from parties in London express much concern with regard to the management of the Utah mines owned by them. It is stated that English capitalists are losing confidence, not RB to the intrinsic value of the mines, but on aocount of the sharp speculative practices of parties interested lu this Territory.

4. March 23, 1873 The New York Herald New York, NY
Article from The New York Herald, March 23, 1873

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or the Smalpox-Governor Ravages Woods To Be Succeeded by General Connor. SALT LAKE CITY, March 22, 1873. A correspondent of the News reports a terrible state of affairs in San Peto county owing to the ravages of the smallpox. It is alleged that the carelessness of the people in not adopting proper sanitary regulations is the main cause of the alarming spread of the disease. There has been an increased number or cases of smallpox in this city, creating general public uneasiness. Business seems to have been in no way unsettled by the late monetary panic, which culiminated in a run on the First National Bank. All the banks, however, took warning, and telegraphed for currency, large amounts or which arrived here tonight. Private advices from Washington indicate that Governor Woods, who, it is generally supposed, the President intends to send abroad, will be succeeded by General P. Edward Connor, formerly commander of this district.

5. March 24, 1873 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, March 24, 1873

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FROM SALT LAKE. Salt Lake, 22. A correspondent of the News reports a terrible state of affairs in San Peter County, owing to ravages of the small pox. It is alleged that the carelessness of the people in not adopting proper sanitary regulations is the main cause of the disease. There has been an increased number of cases of small pox also in this city, creating general public uneasiness. Business seems to have been in no way unsettled by the late momentary scare which culminated in a run on the First National Bank. All the banks however took warning and telegraphed for currency, large amounts of which arrived here to-night.

6. March 24, 1873 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, March 24, 1873

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Ravages of Small Pox-Business. SALL LAKE, March 22.-A correspondent of the News reports a terrible state of affairs in San Peto county, owing to ravages of the small pox. It is alleged that the carelessness of the people in not adopting the proper sauitary regulati ns is the main cause of the disease. There has been an increased number of cases of small pox also in the city creating general public uneasiness. Business seems seems to have been in no way unsettled by the late monetary scare, which culminated in a run on the First National Bank. All the banks, however, took warning, and telegraphed for currency, large amounts of which arrived here to-night.

7. March 26, 1873 Pioche Daily Record Pioche, NV
Article from Pioche Daily Record, March 26, 1873

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The Salt Lake City Mining Journal, through a hasty and ill-advised local item, caused an exciting run on the First National Bank of that city. The run only proved the strength and stability of the institution; and the Journal, naturally enough, feels ashamed of itself.

8. September 28, 1873 New Orleans Republican New Orleans, LA
Article from New Orleans Republican, September 28, 1873

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made have 8.6 them to a coro siderable extent. A visit to the principa$ steamship offices was made to-day. and the managers stated that the monetary difficule ties have not interfered with their business. Howe & Marcy and Clew stated that the most favorable responses had been received from their correspondent in regard to their plans for the resumption ... business Fisk & Hatch and that they would not adop: the plan of resumption introduced by the above firms. of the Exchange has . committee to the committee of the The appointed president Produce Clearing consult House with in to the of some regard loan adoption enabled measure to over by which dealers will be come the lificilities is ... way of the pure chase and shipment of grain. de was guo mored OR the street late in the day that one individual had borrowed from $5,000. 000 to $10,000.000 on New York Central and Lake Shore bonds, and also that other large loans had been made on various stocks. The Express valid governing committee of the Stock Exchange will on Monday adopt come method in regard to closing out old contracts yet unsettled. and will no coubt give every man ample time to turn himself and make good his obligations. the banks come their officers done and i is everything through The Post creditably; possible, says believed have have in that there will now be a gradual increase con fidence. and that the hoarded legal tenders and gold will return io their usual channel. Louisville, September Consider able prevailed be expension of the LOUISVILLE excitement following today. caused banks: German Western Bank ings. German Bank and some German the Savings, Sécurity Louteville Insurance. Central Banking Save MaCompany. There was no run at the close of banking hourson any other banks. A DUE has been steadily increasing on these banks for the past three days. All of them have abundant resources. many being able to pay two dollars for every one on deposit out of their assets. The other banks in the city are heavily drawn on, but are all all right. The suspended banks are banks, conducted and owned chiefly by The talk of ace tended to suspend tion savings Germane has systematic these 018 institu- for its tions. Every bank is looking own safety. Little Rock. Rock. September -The money continued to-day. panic LITTLE Never in the strift. him. tory of the city has money been so gent: it is impossible :0 get any with any sort of collaterals. Knotville. KNOW September w The Ero change. Commercial and Knosville Deposit Banks have suspended. Augusta. AUGUSTA. September of -There was a better teeling to-day, but the situation continues unchanged. Nothing doing in cotton for want of out. rency payment A few sales of middling were forced at fifteen cents. It is believed that the suspended Banks week will resume currency payments early next Cincinnati CINCINNAT! September meeting the Chamber of Commerce the action of of the banks in refusing : pay out large same was approved. Philadeiphia PHILADELPHIA. September -Thebanks for have paid out the currency necessary wages, discounting freely for that purpose. Baltimore. September of -The day additional The email banks paid closed BALTIMORE, without checks liberally. excitement. Milwaukee MILWAUKEE. September 2i.-The report that the bank here have suspended pay* menten sums larger than $200 is a mistake, No such action has been taken. The banks are doing business as fisual that they have stopped advances on to responsi. except produce until the Eastern banks are ready Boston BOSTON. September of meeting of the the bank presidents was held and adopted New York plan Brunswick, New Jerseye BRUNSWICK, N. J. September 27. The has suspended indefinitely. upon examination. the The The police are after State directors, Bank togoon. find it im decashier possible and book-keeper. there being 20 falcation of $500,000. The Sir learns that the government Inc vesterday. in exchange on London. the $1,500,000 vested for the navy. and $750,000 for State department Cairo. CAIRO. September -The financial panic secus to affect business here to any usual great does not extent. The water are doing business Mortgomery. MONTGOMERY. September 9.-No run on the bank*: they report that the deposits exceed the drafts Salt Lake City. SALT LAKE CITY September :-.The First National Bank is closed.

9. September 28, 1873 The New York Herald New York, NY
Article from The New York Herald, September 28, 1873

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Salt Lake City Affected. SALT LAKE, CITY, Sept. 27, 1873. The Eastern commercial crisis has reached us. Depositors have drawn heavily for a week past The First National Bank closed this morning and announced that it had $90,000 more assets than liabilities, and that depositors need feel no uneasiness at any ultimate loss. There is considerable excitement it the principal streets, but no run 18 made on the banks. Mr. Hussey, of the First National, meets the issue manfully, and assures his depositors that his own personal property is far beyond the entire liabilities of the bank. He will sacrifice every dollar rather than allow a depositor to suffer. Mr. Hussey is very wealthy in real estate and in mines, but his Eastern correspondents could not supply currency against bullion. Our situation is like a man with his pockets rull of gold pieces, for which he cannot get greenbacks. There is no danger of a dollar being lost in Utah. The First National has the sympathy of the other banks, and will probably resume business in a few days.

10. September 29, 1873 The Petroleum Centre Daily Record Petroleum Center, PA
Article from The Petroleum Centre Daily Record, September 29, 1873

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The First National Bank, of Salt Lake City suspended Saturday. -

11. September 30, 1873 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, September 30, 1873

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The Financial Panic. EASIER STATE OF AFFAIRS. Stock Exchange Opens To-day. Chicago, 29. The financial prospects in this morning were of resumed business usual no run either of hour. the city There banks this has been brighter. upon at the Most them while there has been considerable deposits made. The influx of currency from New York and from continues not less than received and Of this Sunday. $3000. the country being incoming during large, currency, Saturday good into the banks, and rest into the hands merchants the proportion for goes directly of commission the purchase of grain by outside parties, but it all tends to relieve the present stringency. So far as can be learned there is no urgent demand from the country banks upon their correspondents here, and in all quarters confidence is returning. This view of the situation is based upon an interview with a number of prominent bankers and business men. 29. The first National to checks Jeffersonville, bank declines Ind., pay except small amounts, on account of the scarcity of currency. It is reported that the Ohio Falls Car Co. will throwing seven men out suspend hundred operations of employment. thereby Washington, 29. The refusal of the National banks in Philadelphia to pay drafts upon them in currency having threatened to order office in that city resources on it for country the was authorized to draw for a deprive master remittances of the postal to from day money which offices. largely depends postlimited amount of the department reserve deposited in the Sub-Treasury at New York. Similar embarrassments were forshadowed by numerous telegrams from Western postmasters on the situation, but they generally report to-day that the banks have resumed currency payments. The Patent office to-day refused to receive payment fees in certificate checks except upon banks willing to cash them. It is supposed that the falling off in internal revenue receipts to-day as compared with last Monday, namely, $200,000 dollars, is mainly if not altogether attributable to the scarcity of currency remittance. New York, 29. There has been no excitement the brokers have been their affairs at their and for to-morrow's counting arranging to-day, of houses the preparatory regular offices opening stock The and cheerful. It is that there be ticipated generally however, is hopeful exchange. may feeling quite ana who will unable to even under the rules and adopted number meet their by of the obligations small governing firms be the next three days sold out under the rules. is no and doubtless will however be several panicky within feeling, committee, there There appears to be a general disposition to make all settlements as easy as possible under the cir. cumstances. Both Clews & Co. and Howes & Macy have done a good business to-day, a large number of depositors having resumed business with them. There is nothing new relative to Fisk & Hatch or Jay Cook & Co. It is stated that men of this on as as 4 and 5 a to money to meet the several Saturday month heavy last obtain paid business high pressing city per house issued a to customers two engagements. circular One its large dry goods offering pe. cent. a month discount on all paper due them for cash. The Glenham Woolen Manufacturing Company of Glenham, New York, suspended today. Its President is not disposed to make any statement. Its capital is estimated at over a owns two acres at with large for 500 hundred factories million The dollars. and of dwellings land The Company Glenham, operatives. was over 50 old. of B. Bullock & in was caused the susPhiladelphia The suspension Company to-day by years Sons pension of the Glenham Company, which owes the firm about $600,000 dollars. At the produce exchange to-day there was a decidedly improved feeling, and business is working back into the old channels. The apprehensions as to difficulties in obtaining exchange is gradually being dispelled. Louisville, Ky., 29. A majority of the banks a house association yesterday, to suspend currency amounts. banks that formed in and large resolved clearing The paying on are ments enter house association. The suspended bank to of the Saturday clearing making arrangeKentucky declines to go into the ascociation, and continues to meet the demands upon it. There is no run upon it. There is no excitement in financial circles, and the action of the clearing house association was approved by the Board of Trade today. Toronto, Canada, 29. The Lender says it is authorized to state that the Government has a from England. that a million has ordered Also half New million sterling sterling gold been shipped for York, and considerable sums for Canadian banks. The feeling in England is confident and hopeful. Savannah, Ga. 29. The Merchants' National bank and Edward C. Anderson, banker, continues currency payments. Salt Lake, 29. There is an improved financial feeling to-day. The first National bank will resume in a few days. Albany, N. Y., 29. The banks here are working under the New York plan. Ford Fuller have suspended

12. September 30, 1873 Chicago Daily Tribune Chicago, IL
Article from Chicago Daily Tribune, September 30, 1873

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SALT LAKE. SALT LAKE, Sept. 29.-The financial situation is greatly improved. The pauio feeling has apparently completely subsided. A few certificates from mining companies, and some accounts, were presented and paid by the banks aud banking houses, and bankers are perfectly. confident of meeting every liability. The First National Bank, which suspended on Saturday, isstrengthening its resources, and will undoubtedly resume in a fow days. The National Bank Examiner, N. P. Langford, is here, examining the affairs of the banks. H. Wadeworth hus become the agent of Wells, Fargo & Co. The tightness in the money market is likely to cripple the business in bullion and orea for a fow weeks, compelling the suspension of the smolters.

13. October 1, 1873 The Wheeling Daily Register Wheeling, WV
Article from The Wheeling Daily Register, October 1, 1873

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CURRENCY CONDENSITIONS CAIRO,ILL-The banks have adopted the certified check system. TORONTO.-The Government has ordered £500,000 of gold from England PITT6BURGE-Outlo much improved. The Lawrence Savings Bank resumed to-day. MILWAUKEE.-Chamber of Commerce adjourned till to-day without doing any business. CONCORD, N. H.-Currency payments suspended No apprehensions of serious trouble. PATTERSON, N.J.-The Grant Locomotive Works to-day discharged 175 men, and the Danforth works 100. CHARLOTTE, N. C.-The banks are doing business as usual, and the people sustain them by large deposits. LOWELL, Mass.-The banks to-day adopted the prevailing plan in regard to currency payment There is no alarm. READING, PA-Business in this city is quietly, and banks are meeting progressing promptly all demands. the SALT LAKE-Situation greatly improved and panicky teeling subsiding First National, suspended Saturday, preparing to resume. Sr. PAUL, MINN.-There is no exor alarm here, and the of the citement stoppage purchase aside of wheat from business goes on as usual. CHARLESTON, S. C.-The Chamber of the Secretary of to lurnish to be Commerce Treasury petitions $500,000 the ueed in the purchase of New York ex. change. CHARLOTTEVILLE, VA.-In conseof the money crisis quence made the Univer of Virginia has arrangefor credit to all ments sity students temporarily embarraesed. JEFFERSONVILLE, IND.-The First National Bank declines to pay currency,except in small amounts The Cit izens National Bank is meeting all demands mands made upon it. LEAVENWORTH.-The Vice President of the First National Bank drew out $100,000 and then ordered a suspension -much indignation. German Savings Bank resumed payment. COLUMBUS, O.-The financial trouble has had a very upon While all the are thie city. yet slight effect banks prepared for a run, thus far the precaution has proved unnecessary. BosToN.-Owing to the defalcation of $40,000 by the cashier of the Hingham National Bank. that institution has been closed by the National Bank Examiners. The Savings banks require notice. INDIANAPOLIS - Financial matters quiet. No further run anticipated. LITTLE Rock-Money panic continued; greatest stringency ever known. MONTGOMERY, ALA.-No run on Sat arday. Deposits exceeds withdrawale DUBUQUE, Iowa.-Commercial Na the bank mands in tional is currency. only Merchants meeting First all de- Na- Na. tional entirely suspended tional paying partially. Savings banks runs subsided. SPRINGEIELD, ILL.Banks have taken no action, and are doing business as usual. HARRSBURG, PA-All met and unanimously agreed to suspend pay ment of currency. BALTIMORE-Saturday closed without additional excitement or reports of failures. ATCHISON, KAN- banks doing business on Saturday, and declare they will not suspend. Sr. Louis-Express lines are bring= ing a much larger amount of currency than they are taking away. NEW HAVEN, Coxx-Manufacturing. establishment obliged to suspend, for lack of currency to pay hands. AUGUSTA, Gs.-Believed the BUEW pended banks will be able to resume currency payments early this week. LOUISVILLE-Twelve banks met Saturday night and adopted clearinghouse articles. not PHILNDELPRIA-Bankere the resolved market, to force any securities on and not to do anything to cause a decline of securities at the Stock Board

14. October 4, 1873 The New North-West Deer Lodge, MT
Article from The New North-West, October 4, 1873

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Saturday Morning, Oct. 4, 1873. -The main portion of the Yellowstone Expedition arrived at Fort Abraham Lincoln, opposite Bismarck, Sept. 24. -Every speculator in Wall street is said to be busy to day looking over his books to ace whether he is broker not.-Graphic. --The steamer leaving Liverpool for New York last Saturday carries £500,000 in bullion for New York. All available gold in London is being bought up for shipment to America. --The great Masonic Temple was dedicated in Philadelphia, Sept. 26. Fifty nine Lodges-9,000 strong-were in the procession, which was three hours passing a given point. -Prominent financiers of New York met on Friday evening in New York and adopted resolutions looking to a union of the banks for the discounting of commercial paper and supporting commercial transactions. -New York detectives have taken Irving, the would be Nathan murderer, from San Francisco to New York, where if he is not able to tell anything about that, he at least can be tried on two indictments for burglary now hanging over him, which will be some consolation. -The police made a raid on the brokers in front of the New York Stock Exchange during the panic, drove them into the street, and then started the trucks among them. Adjourning thence to the Gold Exchange the police again routed them and the old scene of Jerusalem was re enacted. -And now the St. Joe Herald is at it: Speaking of a cotemporary it says-"We "should publish a life of the author of that ***card; but the effort to elevate him into "the decent society of our readers would be "like attempting to inflate a pismire to the "rotund proportions of an archangel." -The nearest the financial crash has come to us is in the suspension of the First National of Salt Lake-Warren Hussey & Co.'s bank. They state their assets exceed liabilities $63,000, and Warren Hussey, who is wealthy, offers to pledge his property for any deficit there may be in depreciation of its asects. The firm had just completed, or nearly completed, the most costly bank building in the West, an iron building, with a massive marble counter which cost alone $10,000, and the building complete aggregating $100,000. -B. F. Taylor will have a poem in the next Lakeside Monthly, which opens with the following promising linee: Born of the prairie and the wave-the sea and the greeneident, CHICAGO, lay between; Dim tralls upon the meadow, faint wakes upon the main, On either sea a schooner and a canvas-covered wain. I saw a dut upon the map, and a house-fly's filmy wing- They said 'twas Dearborn's picket-flag when Wilder-nese was King. I heard the red-bird's morning song-the Indian's awkward fail- The rice tattoo in his rude canoe like a dash of April hail- The bearded grasses' rustling bend-the swash of the lazy tide, Where ships shake out the salted saile and navies grandly ride.

15. October 25, 1873 New-York Tribune New York, NY
Article from New-York Tribune, October 25, 1873

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THE STATE OF BUSINESS. FAVORABLE REPORTS FROM MANY OF THE NEWARK N.J., MANUFACTURERS. Interviews bad by a reporter of The Newark (N.J.) Advertiser with promtneut manufacturers of that city show that there is at present no serious apprehension among them, although the business interests of the city are naturally affected by the recent financial troubles in Wall-st. A number of the citizens are out of employment, many of these were engaged on city improvements, which are now completed. Among the jewelers the stringency of the money market is seriously felt. A number of their employes are now idle, and the manufacturers have small hopes for a better state of affairs for some time. the Clark Thread Works, where 800 women and 230 men are employed. night week has been necessary for the past two or three works. There is no prospect of a curtailment of the operations of the establishment, but it may become necessary to add to the number of operatives now employed. The patent-leather manufactory of R. Ward & Co. is now running OB short time, and the men are reported as being perfectly satisfied with the change. The firm has been compelled, by the state of the money market, to give its Wesfero customers addi tional time for settlements. This is the only discouraging feature in their business. The harness and maddle manufacturers report dull times. Some firms are working on half time. out none have discharged any employes, although in a few instanees it has been found didicalt to keep them busy. It is believed there is a prospect of a much better trade after Jan.: 1, as the various manufactories have light stocks on hand at present. The hat trade has been brisk all this season, and more money has been made by those engaged in it than at any other period within the past three years. The present mouth has been more than usually prosperous. For the past three mouths many firms in the trade have kept their men at work until o'clock at night. One manifacturer stated that he had been 500 dozen behind on orders for a long time, and that there was a better outlook for the next season than ever. The shoe trade is doing a very fair business, though most of the manufacturers are working on back orders. Most of the houses are employing a full force of hands, though in two or three instances the men are working on three-quarters time. The prospects are dull for November and December. The wholesale clothing manufacturers' are doing but little business. and many of them are not employing more than tpeir regular number of men. GENERAL REDUCTION OF TIME IN THE MASSACHU BETTS MILLS. There have been few suspensions or reductions among the manufactories at and near Springfield, Mass., but work has not been 80 brisk that employés could not obtain leaves of absence without difficulty. The Hampdea Paint Works will be run but four days a week during the Winter. The Indian Orchard Mills, also in Springfield, are going to reduce their working time, but whether in honra or days has not yet been determined. The hours of labor at the organ manufactory of Steer & Turner of Westfield have been reduced to eight, in order to retain all the employés. The firm has orders enough to last until the middle of January. Some of the paper mills of Lee. Mass., will begin next week to reduce their product. and it portion of their forces minster will business be discharged 18 at a or standstill pat on with half-time. the manufac- In Leoturers of horn goods, and one or two firms have stopped work. The shoe factory of Pillsbury Brothers at Northwood has also stopped. The number of men and women now out of employment on account of the reduction of the forces in the Haverhill shoe shops is about 1,700. DISCHARGE OF RAILWAY EMPLOYES AT ELMIRA. Thirty-seven men were discharged by the Erie Railway Company at Elmira, N.Y., on Wednesday. Eighteen were employed tu the Elmira shops, and the remainder at various points on the Susquehanna Division. The force in that vicioity is now reduced to 120 men, and after Nov. they will begin to work only threefourths of the usual time. The Pullman Palace Car Company 18 working 59 men nine hours a day, and the work already ordered will probably keep the force employed during the Winter. CONDITION OF THE RHODE ISLAND MILLS. Most of the mills of Pawtucket, R. I., began, this week, with A reduction of the honrs of labor. A few of the more fortuuate hold unexpired contracts, and will make no change for the present, while one or two are preparing to run extra time, and will try to meet incoming orders by night work. At Woonsocket the Woonsocket Company has stopped. and the Harris Woolen Company has stopped its cotton department. RECOVERING FROM THE PANIC. SALT LAKE, Oct. 24.-N. P. Langford, National Bank Examiner, has a card in The News this evening announcing the resumption of the First National Bank of Utah to-morrow. He says the capital 1# unimpatred, and the rates of cash on hand to the amount due depositors is four times as great as in most of the banks East. The bank is now stronger than any other national bank in the Territory or in the Pacific States. The announcement inspires a buoyant feeling among all classes of business men. PHILADELPHIA, Oct. 24.-E. W. Clarke & Co., bankers will resume business to-morrow. NEW-ENGLAND MILLS SUSPENDING WORK. BOSTON, Oct. 24.-The Atlantic Mills, at Lawrence, shut down last evening for the remateder of the week, and will run only fonr days in the week for the present. It was expected that the suspension would be delayed for two weeks. The Pacific Mills are still running on full time. The naul mills of the Bay State Iron Works have suspended operations, and 260 men have discharged

16. October 25, 1873 Wilmington Daily Commercial Wilmington, DE
Article from Wilmington Daily Commercial, October 25, 1873

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Daily Commercial. JENKINS & ATKINSON. Publisher. WILMER ATKINSON, For Terms, Etc., Bee Second Page. Latest General News. The Spanish Legation at Washington, it is stated, has been raised to an embassy, and Senor Figueras has been appointed Ambassador. The First National Bank of Utah, at Salt Lake City, resumes payment to-day. In Memphis, yesterday, 24 yellow fever deaths were reported. There WAH a severe frost on Thursday night, which made ice one-quarter of an inch thick. A yellow feyer nurse killed a pat;ent, on Thursday, by giving him carbolic acid in mistake. George Welf, a wealthy farmer, living near Hopkineville, Ky., was mudered in his bed, on Thursday night. A sudden change in the weather at Shreveport, on Wednesday night, caused the death of all yellow fever patients who were in & critical condition, and developed several new cases of the disease. Four deaths from yellow fever were reported in Montgomery, Ala., yesterday. The yellow fever appeared in Bainbridge, Ga., a week since, and is now epidemic there. Business is suspended in the town, and there is talk of closing up many of the stores. At the meeting of the House of Bishops in New York yesterday afternoon, Rev. John S. Spaulding. of Erie. Pa, was elected missionary Bishop of Colorado and New Mexico. The Crow and Ute delegations in Washington paid their respects to the Preident yesterday, and received some good counsel from their "Great Father." The Canadian Parliament has adjourned until Monday. The Royal Commission, in their report on the Pacitic Railroad scandal. decline to express any opinion upon the testimony.

17. October 25, 1873 National Republican Washington, DC
Article from National Republican, October 25, 1873

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BRIEF TELEGRAMS I Gold closed In New York yesterday at 103' t Three inches of snow have fallen at Negaunce, Michigan, and seven inches at Fort Garry. The schooner Meridan is ashore on Lyster : reef. off Green bay, Lake Michigan, and is probably 2 total wreck. ) The First National bank at Salt Lake resumes to-day. The announcement inspires a buoyant feeling among business men. The ship Three Brothers carries 4,300 tons of wheat, and IS the largest sailing vessel in the world. Her cargo is valued at $199,000. The official majority in Pennsylvania for Gordon, (Rep) for judge of the Supreme Court, is , 14,294, and for Mackay, for State treasurer, 25,852 It is reported that the Spanish Legation at Washington has been raised to the rank of an embassy, and Figueras appointed ambasaador. During the past 24 hours snow has fallen between Laramie and Green river to the depth of four inches, and It is now snowing in Cheyenne. There has been no detention of trains. a It is reported that, in view of the fact that a British line of steamers will commence to run 8 between Australia, Honolulu and San Francisco, the American line over the same route will not be reopened. # It is said that the manufacturing interests of 8 Connecticut are in an unfortunate condition. r From fifteen to twenty thousand operatives and factory hands have already been thrown out of employment. Capt. c. W. Ford, for many years connected with the United States Express Company at St. Lonis, and formerly collector of internal revenue for the St. Louis district, died in Chicago last a night of billous pneumonia. The Congressional excursion party, numbering about a dozen members of Congress, represeutatives of the press. and several invited guests left St. Louis by the Atlantic and Pacific railroad this morning. The Atlantic mills at Lawrence, Massachusetts, have closed for the remainder of the and will in run only four days the week for week, the present. The ball mills of the Bay State iron works have suspended operations, and two hundred and f sixty men have been discharged. A meeting of cotton factors and shippers was e held at New Orleans last evening to consider the recommendations made by the conference of 1 factors and bankers. A resolution was passed t to sell cotton for currency only after November 10 next. All sales are now made for certified 8 checks.

18. October 25, 1873 The Petroleum Centre Daily Record Petroleum Center, PA
Article from The Petroleum Centre Daily Record, October 25, 1873

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NOTES OF THE DAY. Three inches of snow at Negunee, Miobi/ gan, and seven inches at Fort Gray, Manitobe. yeaterday. Ontstanding legalitendere, $360,259,888. Four yellow fever deaths in Montgomery yesterday. The First National Bank of Salt Lake ) City has resumed. E. W. Clark & Co., of Philadelphia will resume business to-day. Four yellow fever deaths at Shreveport yesterday. The trial of Frank L. Tainter, defaulting cashier of the Atlantic National bank, bus been adjourned until Monday, owing to the burning last night of the residence of one of the jurors The case of Mr. Sbanks, city editor of the Tribune, was adjourned until Monday. Two children of W. R. Corfioe, living near Carbondale, Illinois, fall into a tub of boiling water, Wednesday evening. One died and the other cannot recover. Eightb champion game between the Boar tons and Athletics at Philadelphia, yester/ day-Bostons, 4; Athletics, 5. During the past twenty-four hours snow has tell to the depth of four Inches. It is now snowing at Cheyenue. No deleation to traias. The Atlantic Mills at Lawrence, Massas cbusetts, have commenced running four days in the week, and the nail mills of the Bay State Works have suspended, making necessary the discharge of three hundred and sixty men. A Washington dispatch says the Supreme Court docket is very full and under the new law allowing appeals and writs of error from State Courts wherever a Federal quee/ tion is raised on test, must continue to increase, and perhaps even to such an extent as to require a remedy. The official returns give Gordon for Supreine Court Judge a majority of 14,284, and Mackey for State Treasurer, 25,352.

19. November 6, 1873 The Idaho World Idaho City, ID
Article from The Idaho World, November 6, 1873

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RESUMES BUSINESS.-The First National Bank of Salt Lake City, of which Warren Hussey is President, has resumed business, and N. P. Langford, National Bank Examiner, publishes n card, to the public, in the Sult Lake Herald announcing that after a careful exam. ination be finds that the original capital and surplus of the bank are not only unimpaired, but that the resources, alrendy more than sufficient to meet every obligation. "have been largely augmented from the individual resources of Mr. Warren Hussey. the President." He also says that the bank resumes business in stronger condition financially, than that of any national bank in the Pacific States and Territories. The cause of the suspension of this bank appears not to have been on account of financial embarraesments affecting its capital and resources, but owing entirely to the scarcity of legal tenders, which could not be procured, even. on the best and most approved securities, so put demands of buriness.in that

20. October 29, 1874 Eureka Daily Sentinel Eureka, NV
Article from Eureka Daily Sentinel, October 29, 1874

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The weather is clear and beautiful to-day, Suspendel, SALT LAKE CITY, Oct. 28. The first National Bank of this city suspended payment this afternoon, but hopes to resume again in a few days. It has been snowing here all day,

21. October 29, 1874 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, October 29, 1874

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UTAH. Salt Lake, October 28. The first National bank suspended payment this afternoon, but hope to resume again in a few days. It has been snowing all day here.

22. October 29, 1874 Pioche Daily Record Pioche, NV
Article from Pioche Daily Record, October 29, 1874

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Pacific Coast. SAN DIEGO, Oct. 27.-The first officer of the steamer Costa Rica, with five men in a small boat, arrived here at 7 o'clock this evening, and reports that on Sunday morning at 1 o'clock the steamer broke her shaft while about 100 miles south of here, and 40 miles from land. The Cap. tain was going to try to get in and anchor under Cape Colmett until relief came. The first officer states that he was overhauled yesterday by the steamer Newbern, to which he made known the condition of the Costa Rica. The Newberu immediately went to the assistance of the Costa Rica. Just at dark this evening the smoke of a steamer was seen a long distance at sea to the southwest. It is possible that it is the Newbern, with the Costa Rica in tow. From the first officer we learn that there had been a revolution in Lower California. The inthere to Cape St. Lucas, where the people arose, and after a sharp engagement killed the leader and 13 of his followers, and putting an end to the revolution. When the Costa Rica left all was again quiet. SAN FRANCISCO, Oct. -The steamer Newbern has arrived at San Diego with the disabled Pacific Mail steamer Costa Rica in tow. No change in greenbacks. a SAN FRANCISCO, Oct 20. Demands IOT the salaries of municipal officers in this a city cannot be paid till the 1st of December. There is no money in the general fund for them. e The Daney Mining Company has r levied an assessment of $1 per sharedelinquent December 4. VICTORIA, B. C., Oct. 28.-The e troubles in the Episcopal Church in this city have culminated in the withdrawal of the Dean from the Cathedral, with his congregation, only about 25 of his it flock siding with the Bishop. To-day the Cathedral is being stripped of pew furniture, etc., by the seceders, and a ic reformed Episcopal Church is about to be organized r SAN DIEGO, Oct. 28.-The steamer t Newbern, with the disabled Costa Rica h in tow, came into port at 8 'clock this morning, all right. The Newbern took Id the Costa Rica on Sunday evening about tdark. Everything went well with the d, exception of parting 8 nine-inch hawser p yesterday. The Newbern found the 8 Costa Rica helpless, not being able to at make any headway. Her shaft was m broken about eight feet from her stern post, in such a manner that it was impossible to turn her wheel be 80 as to make use of the sails to any adnvantage. The Newbern proceeded on ed her voyage at half past twelve o'clock nto-day, leaving the Costa Rica in port. The Costa Rica has 30 passengers and about 100 tons of freight for San Franon cisco. Her passengers report heavy re weather on the Central American coast. in From Wells, Fargo &Co.'s messenger rion the Newbern, we learn further particulars of the revolution in Lower California. The outbreak was more of a etrobbing expedition than a revolution. ub The troops at Cape St. Lucas recovered nine thousand dollars in money, horses, 8 arms, etc., that had been stolen from ill Lapaz. All the robbers not killed were in jail when the Newbern left, and all was again quiet. SALT LAKE, Oct. 28.-The First Na. ng tional Bank of this city suspended this ut. afternoon, but hope to resume again in a few days en, It has been SHOWING coll way be. RENO, Nev. Oct. 28. - The jury in Downs murder case, which has coon ng pied the attention of the District Court adfor the past few days, rendered a verdict et. of acquittal this morning at 9 o'clock V N. Greene Curtis was the attorney fo defense. and Oswold, who was so horribly mangle J. a freight train on the Virginia An by the Truckee Railroad on the 25th inst., died if yesterday. SAN FRANCISCO, Oct. 28.--The Pacifi & Mail steamer Arizona, sailed for Sa ry, eux Diego to-night to tow up to this port th 20 disabled steamer Costa Rica. CARSON, Nev., Oct. 28.-There is ger Democratic rally being held here to-nigh Caat Moore & Parker's Hall. A. C. Elli inhim of Ormsby county, Democratic candidat 20 for Congress, and John R. Kittrell, White Pine county, candidate for Atto and ney General on the same ticket are n J. dressing the meeting. The usual enth the siasm prevails. tf The Republicans will hold a (ma ries meeting here to-morrow night. lane

23. October 29, 1874 The Rutland Daily Globe Rutland, VT
Article from The Rutland Daily Globe, October 29, 1874

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Suspension-Snow. SALT LAKE, Oct. 28. The first national bank of this city suspended payment this afternoon, but hope to resume again in a few days. It has been snowing here all day.

24. February 11, 1926 The Salt Lake Tribune Salt Lake City, UT
Article from The Salt Lake Tribune, February 11, 1926

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Anonymous Phone Talk Starts Run on Bank Feb (By the Associated tongue that flashed mous words the wires brought the this morning National bank that drawal of was before the closed Fink with tear and with the throng that surged pleaded through the bank's lobby and milled about outside Tonight business pledged members would withdraw deposits tomorrow but that all efforts would be made large sums of The deposit declared by bankers and statement was signed directors of the First National The Commercial National bank the second deposits of more than $4,000,000