23181. Stock Growers National Bank (Cheyenne, WY)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
2652
Charter Number
2652
Start Date
December 14, 1892
Location
Cheyenne, Wyoming (41.140, -104.820)

Metadata

Model
gpt-5-mini
Short Digest
e84a0340

Response Measures

Accommodated withdrawals

Description

Multiple brief runs reported (Dec 1892 and July 1893). In both episodes the bank met all demands and remained open; suspension affected First National and a private house, not Stock Growers. Cause for 1893 run appears to be contagion from a local private bank failure; cause for 1892 not specified in articles.

Events (2)

1. December 14, 1892 Run
Cause Details
Article reports run began and ceased but gives no specific trigger or link to other bank failures or rumors.
Measures
Met all demands; statement showing surplus of $150,000.
Newspaper Excerpt
The run on the Stockgrowers' National bank. of this city, which began last Saturday, has ceased, all demands by depositors having been promptly met. A statement of the bank's condition shows a surplus of $150,000.
Source
newspapers
2. July 20, 1893 Run
Cause
Local Banks
Cause Details
Run was precipitated by voluntary assignment/ failure of the private banking house of T. A. Kent in Cheyenne, causing contagion to local national banks.
Measures
Met all demands; received deposits (depositors from First National deposited with Stock Growers'); stood firm per comptroller/examiner reports.
Newspaper Excerpt
This precipitated a run on the two national banks of the city, which resulted in the suspension of the First National this afternoon. The Stock Growers' National met all demands.
Source
newspapers

Newspaper Articles (6)

Article from Waterbury Evening Democrat, December 15, 1892

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Article Text

NEWS OF THE DAY. -The strike of Georgia Central operators is a failure. -Application for authority to organize a national bank has been filed by the First National bank of Harrison, N. J. -The run on the Stock Growers' National Bank, Cheyenne, Wyo., has ceased. The bank has $150,000 surplus. -John McCinville, a farmer, of Livonia, N. Y., was crushed to death under stone boat while working in the woods. -Archduke Franz Ferdinand, heir presumptive to the Austro-Hungarian throne, has started on a trip around the world. -The professorship of practical theology in Hartford Seminary has been accepted by Rev. Alexander R. Merriam of Grand Rapids, Mich. -H. R. Ives & Co., foundrymen, of Montreal, have made an assignment. The statement shows a nominal surplus of $150,000 over liabilities, -Rosa Cabe, a Jewish maiden, renounced her religion, espoused Catholicism, and was married to Nathan Stapleton at the Cathedral by Father Thomas in Baltimore, -The full bench of the Supreme Court at Boston has decided that it is not necessarily negligent for a passenger to ride on the front platform of a street car while it is in motion. -Forty-three merchants in St. Joseph, Mo., are to be prosecuted for not making affidavit that they do not belong to any pool or combination, as required by Missouri's Anti-Trust law. -Because of the recent deaths in the President's family the official Cabinet receptions and Cabinet days will be omitted during the holidays, and there will be no regular New Year's reception at the White House. -The following New York postmasters have been confirmed by the Senate: Mrs. Julia A. Caney, Amsterdam; William H. Stickles, Philmont; Jacob Schmahl, Wood Haven; William E. Mille, Rosehill; E.C. Grant, Farmer; William B. Barker, Fredonia.


Article from St. Paul Daily Globe, December 15, 1892

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Article Text

Met All Demands Promptly. CHEYENNE, Wyo., Dec. 14.-The run on the Stockgrowers' National bank. of this city, which began last Saturday, has ceased, all demands by depositors having been promptly met. A statement of the bank's condition shows a surplus of $150,000.


Article from Herald and News, December 22, 1892

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Article Text

Duce, French scholar, is dead. -The Dominion Parliament will meet for the despatch of business on January 26. -A vein of good anthracite coal six feet deep has been discovered near Uniondale, Penn. -The bullion in the Bank of England increased 65,000 pounds during the past week. -Croso Duekworth has been sentenced to death at London for the murder of Alice Barnes, -Seventy houses in Poughkeepsie, N. Y., have been ordered quarantine:1, owing to scarlet fever. the United -William Potter, newly appointed States Minister to Italy, has arrived in Rome. -A newsteamboat company, with a capital of $160,000. has been incorporated at Fall River, Mass. -It is again reported that King Charles, of Roumania, will abdicate in favor of Crown Prince Charles. -Virginia Democrats are the Mr. Tucker for claim in of Attorney urging General Cleveland` cabinet. -The Hudson Sand and Mining company of New York city has been incorporated with a capital of $90,000. run on the Stock Growers' National Wyo., has The Bank. -The Cheyerme, ceased. bank has $150,000 surplus. Teeple, it three Addison, -William N. Y., year old boy. was burned to death while playing with matches. -Robert Donovan, a 'longshoreman, while drunk fell downstairs in a New York lodging house and was killed. -The Bell Telephone Company has declared a regular dividend of $3 per share and an extra dividend of $3 per share. -A. C. Henderson. former bookkeeper at Salt Lake a for a City, for the is Studebaker defaulter Company large amount. -John McCinville, a farmer, of a was crushed to death N. Y., under Livonia, stone boat while working in the woods. -The United States exthe penses in the campaign Government's against Garza revolutionists has cost over $200,000. -Archduke Franz Ferdinand, heir presumptive to the Austro-Hungarian throne, has started on a trip around the world. -The professorship of practical in Seminary has been Hartford Rev. accepted theology by Alexander R. Merriam of Grand Rapids, Mich. -The attempt of the Conservatives to have D. Naoroji, Liberal Member of Par liament for Central Firsbury, unseated, has been defeated -H.R. Ives & Co. foundrymen, of Mon treal, have made an assignment. The statement shows a nominal surplus of $150,000 over liabilities, -The Mexican government has granted concession to Steenmann Hagle to establish a line of steamers between Mexican ports and London and Antwerp. -The Jesuits are trying to arrange a matrimonial alliance between Don Jaime, son of Don Carlos, and Infanta Mercedes, daughter of the late King Alfonso. -Deputy United States Marshal Floyd Wilson was killed at Coffeyville, Kan., by Henry Starr, a half-breed Cherokee Indian, whom he was trying to arrest. -Messrs. Sherwood and McPherson, appointed by Canada's Premier, have been secretly gathering evidence in San Francisco on the Behring Sea controversy. -Rosa Cabe, a Jewish maiden, renounced her religion, espoused Catholicism. and was married to Nathan Stapleton at the Cathedral by Father Thomas in Baltimore, -Gov. Flower has commuted the sentence of John McNamara, of Corning, N.Y., who, 16 years ago, murdered his sweet. heart. and was serving a term of life imprisonment. -The full bench of the Supreme Court at Boston has decided that it is not necessarily negligent for a passenger to ride on the front platform of a street car while it motion. -Dudley Devall, of Marion, N.Y., and Dr. King became inoculated with poison while of attending to a sick horse. Devall died blood poisoning, and the doctor is ill, but likely to recover. Hunt and miners in -William East George Ralph, Moreland mines, were fatally burned, while removing pillars, by an explosion of gas that was forced down by the falling of the roof. in St. are to prosecuted for not Mo., -Forty-three be merchants making Joseph, affidavit that they do not belong to any pool or combination, as required by Missouri's Anti-Trust law. -The court of appeals at Houston, Texas, has refused to interfere in the case of Frank Holland, sentenced to be hanged for murdering three travelers then chop ping their bodies in pieces. -Elmer Sidenstock, a Pinkerton watchman, narrowly escaped being lynched by a mob in Chicago. While drunk he attempted to arrest a man who had been ejected from a restaurant because he refused to pay his supper check. -Because of the recent deaths in the President's family the official Cabinet receptions and Cabinet days will be omitted during the holidays, and there will be no regular New Year's reception at the White House. -Hunters set fire to oil on the surface of Pa., which had a and the flames shot Milen pipe The stream line. Run, dammed escaped up 100 from feet. was to prevent the blazing fluid from entering Conestoga


Article from The Sun, July 21, 1893

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Article Text

Two Cheyenne Banks Suspend. CHEYENNE, Wy., July 20.-Two of Cheyenne's banks have suspended. The private banking house of T.A. Kent made a voluntary assignment. This precipitated a run on the two national banks of the city, which resulted in the suspension of the First National this afternoon. The Stock Growers' National met all demands. The liabilities of Kent's bank Aggregate $258.00 00, but three times this amount can be realized from the Assets placed in the hands of J. W. Foster. the assignee. 1 he First National Bank has a capital stock of $200,000. The liabilities are $502,000. and the assets $725,000. Mr. Kent and President F. B. Hicks of the First National both state that the banks will be able to resume as soon it is possible to realize upon securities.


Article from St. Paul Daily Globe, July 22, 1893

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Article Text

Runs Have Ceased. WASHINGTON, July 21.-The comptroller of the currency advises this afternoon from Cheyenne, Wyo., that the banks there stand firm. Excitement is ended and no more trouble is feared. Today's deposits far exceed the withdrawals. The examiner in charge of the First National Bank of Cheyenne wires the comptroller that no more trouble is apprehended there, and that depositors who withdraw their money from the First National bank are now depositing it with the Stock Groweas' National bank. Runs on both banks have ceased.


Article from The Indiana State Sentinel, July 26, 1893

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Article Text

Cheyenne Banks Firm. The comptroller of the currency received advices this afternoon from Cheyenne, Wyo., that the banks there stand firm. Excitement is ended and no more trouble is feared. Today's deposits far exceed the withdrawals. The examiner in charge of the First national bank of Cheyenne writes the comptroller that no more trouble is apprehended there and that the depositors who withdrew their money from the First national bank are now depositing it with the Stock Growers' national bank. Runs on banks have ceased.