Denver Savings Bank (Denver, CO)

Episode Information

Episode UID
2387798491121
Episode Type
Run β†’ Suspension β†’ Reopening
Bank Type
savings
Bank ID
238779849 hash
Start Date
May 26, 1893
Location
Denver, Colorado (39.739, -104.985)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
052602fc3a8b987a

Response Measures

None

Description

Bank was assigned for liquidation in Sept. 1893 to an assignee but later resumed business Jan. 1894.

Events (3)

1. May 26, 1893 Run
Cause
Macro News
Cause Details
General uneasiness and banking troubles leading to withdrawals; newspapers and financial assurances failed to stop tide of uneasiness
Measures
Thirty-day rule invoked and $25 limit per depositor mentioned as restriction
Newspaper Excerpt
The Denver Savings bank, on which a small run was made Wednesday, showed quietude yesterday
Source
newspapers
2. September 1, 1893 Suspension
Cause
Macro News
Cause Details
Depression and broader banking troubles caused steady withdrawals since mid-July leading to assignment and liquidation
Newspaper Excerpt
The Denver Savings bank ... assigned to-day and will liquidate. The liabilities are $671,000 and the assets $920,020
Source
newspapers
3. January 2, 1894 Reopening
Newspaper Excerpt
The Denver Savings Bank ... will reopen for business Tuesday, January 2. ... The Denver Savings bank ... resumed business today. The bank is paying 10 per cent to all depositors who ask it, and ... the full amount of their deposit is paid for those who did not sign the resumption agreement.
Source
newspapers

Newspaper Articles (21)

Article from The Enterprise, May 31, 1893

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Article Text

Big Run on a Denver Bank. DENVER, Col., May 26.-Despite the rule on the thirty-day limit and the restriction that only $25 will be given and depositor, the run on the People's Savings bank continued yesterday. The best endeavors of the morning papers and assurances of men well known in the financial world of Denver seems to have little influence in staying the tide of uneasiness that prevails. Every call of depositors, however, is being promptly met. The Denver Savings bank, on which a small run was made Wednesday, showed quietude yesterday, there being no clamorous depositors around that institution.


Article from The Wichita Daily Eagle, September 2, 1893

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Article Text

LIQUIDATION. DENVER, Sept. 1.-The Denver Savings bank, with a capital of $200,000, today assigned and will liquidate. The liabilities are $671,000 and the assets $920,020. consisting of $120,000 in cash and $800,000 in notes and securities. The paper is good, but can not be realized upon on account of the present depression. The directors and stockholders are prominent and wealthy men, and the depositors will be paid dollar for dollar.


Article from Santa Fe Daily New Mexican, September 2, 1893

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Article Text

Another Gone Down. DENVER, September 2.-The Denver Savings Bank, with a capital of $250,000, has assigned. The liabilities are $670,000 and the assets 920,000 consisting of $120,000 cash and $800,000 notes and securities, which are perfectly good, but cannot be realized upon on account of the present depression.


Article from The Anaconda Standard, September 2, 1893

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Article Text

Down in Denver. DENVER. Sept. 1.-The Green Smith Watch and Jewelry company has been attached by four creditors for $163,000. The house is now in the hands of the sheriff The Denver Savings bank, with a eapital of $260,000. assigned to-day and will liquidate. The liabilities are $670,000. and assets $920,000. of which $830,000 is 111 paper which is perfectly good. but cannot be realized on account of the present depression. Since the banking troubles began there has been a steady withdrawal of deposits. Depositors will be paid in full.


Article from The Herald, September 2, 1893

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Article Text

Failures at Denver. DENVER, Sept. 1.-The Denver Savings bank, with a capital of $260,000, assigned today, and will liquidate. Its liabilities are $670,000; assets, $920,000, of which $800,000 is in paper which is perfectly good but cannot be realized upon on account of the present depression. Since the banking troubles began there has been a steady withdrawal of deposits. The depositors will be paid in full. The Green-Smith Watch and Jewelry company was attached today by four creditore for $163,000. The house is now in the hands of the eheriff.


Article from The Morning Call, September 2, 1893

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Article Text

FAILURES AT DENVER. A Savings Bank Compelled to Go to the Wall at Last. DENVER, Sept. 1.-The Green-Smith Watch and Jewelry Company was attachea to-day by four creditors for $163,000. The house is now in the hands of the Sheriff. The Denver Savings Bank, with a capital of $260,000, assigned to-day and will liquidate. The liabilities are $670,000; assets $920,000, of which $800,000 is in paper which is perfectly good, but which cannot be realized upon on account of the present depression. Since the banking troubles began there has been a steady withdrawal of deposits. Depositors will be paid in full.


Article from St. Paul Daily Globe, September 2, 1893

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Article Text

WILL QUIT BUSINESS. A Denver Savings Bank to Go Into LiquidationDENVER, Col., Sept. 1.-The Denver Savings bank, with a capital of $260,000, today assigned, and will liquidate. The International Trust company of this city is the assignee. The liabilities are $670,000 and the assets are $920,000, consisting of $120,000 cash and $800,000 notes and securities, which are perfect1y good, but cannot be realized upon on account of the present depression. Since the middle of July, when the trouble in banking circles began here, there has been a steady withdrawal, with few deposits. The directors and stockholders are prominent and wealthy men, and the depositors will be paid dollar for dollar.


Article from Deseret Evening News, September 2, 1893

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Article Text

A Denver Bank Falls. DENVER, Sept. I.-The Denver Savings bank, with a capital of $260,000, assigned today, and will liquidate. Liabilities, $670,000; assets, $920,000, of which $800,000 is in paper, which is perfectly good but cannot be realized upon on account of the present depression.


Article from The Madison Daily Leader, September 4, 1893

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Article Text

Will Liquidate. DENVRR, Sept. 4.-The Denver Savings bank late in the evening assigned to the International Business company of Denver, who will liquidate their affairs and close the bank. The statement shows approximately that there is due to depositors $670,000. The cash on hand amounts to $120,000, and there are notes amply secured amounting $800,000. Depositors will be paid full.


Article from The Worthington Advance, September 7, 1893

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Article Text

FLAMES caused a loss of over $150,000 to occupants of Lindsay Bros.' big block in Milwaukee. The McCormick Harvester company and the Transfer & Storage company were the principal losers. THE First national bank of Grand Junction, Col, and the First national bank of Dubuque, Ia., resumed business. LATER advices say that since the recent storm in the south 390 dead bodies have been found on the islands about Beautort and Port Royal, S. C., and that the total number of dead would reach 1,000. Over $2,000,000 worth of property was wrecked near the same points. Near Jacksonville, Fla, fourteen dead bodies were found, and the damage to fruit trees and orange groves was enormous. AT the session in St. Louis of the seventh international Sunday school convention the report of Secretary Porter showed the number of Sunday schools of the United States and British America to be 130,197; teachers and officers, 1,372,558; scholars, 10,870,104; total, 11,242,662. WHILE carelessly handling a revolver supposed to be unloaded Leo Stafford shot and killed his bride of six weeks at East Liverpool, O. THE total paid admissions during the first four months of the world's fair numbered 9,990,699. By months the attendance was: May, 1,050,037; June, 2,675,113; July, 2,760,263; Angust, 3,514,286. IN Chicago Judge Goggin declared the world's fair Sunday opening injunction should stand, overriding Judges Dunne and Brentano and sur prising court attendants. FIVE tramps and Jack Swanson, the engineer, were killed in a freigh. train wreck near Brenham, Tex., and Fireman Cameron and Brakeman Ford were fatally injured. H. S. BUNDY, of Jackson county, was nominated for congress in the Tenth Ohio district on the 1,793d ballot. Mr Bundy has served two terms in con gress. AT Rockford, III., the Royal Sewing Machine company made an assignment with liabilities of $119,000 and assets of $40,000. WHILE insane Samuel Deeters, of Waterloo, Ind., shot and killed Amos Bactel and fatally shot Mrs. Lowe, neighbors, and wounded his mother. FIRE destroyed the business part of De Pauw. Ind. THE following executions took place: George S. Turner (a wealthy man) at Spartenburg, S. C., for killing Ed Finger; Wade Cannon and George Bow. ers (colored) at Laurens, S. C., for arson and John Ferguson for wife murder; Oscar Johnson and Henry Ewing at Berkely, S. C., for murdering Henry Weltman; and Ah Lo Doon, a Chinaman, at San Rafael, Cal., for the murder of William Shentor. RECEIVERS were named for the Equitable Mortgage company of Missouri, with headquarters in New York, the liabilities being $19,000,000. THE American national bank of Nashville, Tenn., and the American national bank of Omaha, Neb., have reopened their doors. AT the annual meeting in Milwaukee Judge Thomas Cooley, of Michigan, was elected president of the American Bar association. THE Denver savings bank failed with liabilities of $670,000. Depositors would be paid in full.


Article from River Falls Journal, September 7, 1893

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Article Text

THE total paid admissions during the first four months of the world's fair numbered 9,990,699. By months the attendance was: May, 1,050,037; June, 2,675,113; July, 2,760,263; Angust, 3,514,286. IN Chicago Judge Goggin declared the world's fair Sunday opening injunction should stand, overriding Judges Dunne and Brentano and sur prising court attendants. FIVE tramps and Jack Swanson, the engineer, were killed in a freight train wreck near Brenham, Tex., and Fireman Cameron and Brakeman Ford were fatally injured. H. S. BUNDY, of Jackson county, was nominated for congress in the Tenth Ohio district on the 1,793d ballot. Mr. Bundy has served two terms in congress. AT Rockford, III., the Royal Sewing Machine company made an assignment with liabilities of $119,000 and assets of $40,000. WHILE insane Samuel Deeters, of Waterloo, Ind., shot and killed Amos Bactel and fatally shot Mrs. Lowe, neighbors, and wounded his mother. FIRE destroyed the business part of De Pauw, Ind. THE following executions took place: George S. Turner (a wealthy man) at Spartenburg, S. C., for killing Ed Finger; Wade Cannon and George Bowers (colored) at Laurens, S. C., for arson and John Ferguson for wife murder; Oscar Johnson and Henry Ewing at Berkely, S. C., for murdering Henry Weltman; and Ah Lo Doon, a Chinaman, at San Rafael, Cal., for the murder of William Shentor. RECEIVERS were named for the Equitable Mortgage company of Missouri, with headquarters in New York, the liabilities being $19,000,000. THE American national bank of Nash ville, Tenn., and the American national bank of Omaha, Neb., have reopened their doors. AT the annual meeting in Milwaukee Judge Thomas Cooley, of Michigan, was elected president of the American Bar association. THE Denver savings bank failed with liabilities of $670,000. Depositors would be paid in full. AN assignment was made of Lee B. Durstine, manager at Des Moinesof the Iowa business of the Equitable Life Insurance company, with liabilities of $100,000. IN his cell in Denver Dr. T. Thatcher Graves, awaiting trial for poisoning Mrs. Josephine Barnaby, of Providence, R. I., in 1891, committed suicide by taking poison. IN an electric car accident at Cincinnati two persons were killed. six fatally hurt and nearly forty injured. THE corn crop in Kansas is estimated at 200,000,000 bushels, worth $60,000,000. This is the greatest since 1889. THE vault in the subtreasury in San Francisco is drained of currency for the first time in its history. A MOB hanged William Arkison (colored), aged 20, who assaulted a little girl at South Fork, Ky. By a Burlington train falling through a trestle at Streator, III., two men were killed and a dozen hurt. ON President's island near Memphis, Tenn., six human skeletons were found imbedded in the sand. HENRY A. BELL arrived in San Francisco en route to England after an absence of twenty years of self-enforced exile in Albert island. BANDITS robbed the passengers on a 'Frisco train at Mound Valley, Kan., and killed Express Messenger Chapman. AT the age of 101 years Felix Sheridan died at Quincy, Ill. He was a veteran and pensioner of the war of 1812.


Article from Warren Sheaf, September 7, 1893

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Article Text

FLAMES caused a loss of over $150,000 to occupants of Lindsay Bros.' big block in Milwaukee. The McCormick Harvester company and the Transfer & Storage company were the principal losers. THE First national bank of Grand Junction, Col., and the First national bank of Dubuque, Ia., resumed business. LATER advices say that since the recent storm in the south 390 dead bodies have been found on the islands about Beautort and Port Royal, S. C., and that the total number of dead would reach 1,000. Over $2,000,000 worth of property was wrecked near the same points. Near Jacksonville, Fla., fourteen dead bodies were found, and the damage to fruit trees and orange groves was enormous. AT the session in St. Louis of the seventh international Sunday school convention the report of Secretary Porter showed the number of Sunday schools of the United States and British America to be 130,197; teachers and officers, 1,372,558; scholars, 10,870,104; total, 11,242,662. WHILE carelessly handling a revolver supposed to be unloaded Leo Stafford shot and killed his bride of six weeks at East Liverpool, O. THE total paid admissions during the first four months of the world's fair numbered 9,990,699. By months the attendance was: May, 1,050,037; June, 2,675,113; July, 2,760,263; Angust, 3,514, 286. IN Chicago Judge Goggin declared the world's fair Sunday opening injunction should stand, overriding Judges Dunne and Brentano and sur prising court attendants. FIVE tramps and Jack Swanson, the engineer, were killed in a freigh: train wreck near Brenham, Tex., and Fireman Cameron and Brakeman Ford were fatally injured. H. S. BUNDY, of Jackson county, was nominated for congress in the Tenth Ohio district on the 1,793d ballot. Mr Bundy has served two terms in con gress. AT Rockford, Ill., the Royal Sewing Machine company made an assignment with liabilities of $119,000 and assets of $40,000. WHILE insane Samuel Deeters, of Waterloo, Ind., shot and killed Amos Bactel and fatally shot Mrs. Lowe, neighbors, and wounded his mother. FIRE destroyed the business part of De Pauw. Ind. THE following executions took place: George S. Turner (a wealthy man) at Spartenburg, S. C., for killing Ed Finger; Wade Cannon and George Bowers (colored) at Laurens, S. C., for arson and John Ferguson for wife murder; Oscar Johnson and Henry Ewing at Berkely, S. C., for murdering Henry Weltman; and Ah Lo Doon, a Chinaman, at San Rafael, Cal., for the murder of William Shentor. RECEIVERS were named for the Equit. able Mortgage company of Missouri, with headquarters in New York, the liabilities being $19,000,000. THE American national bank of Nashville, Tenn., and the American national bank of Omaha, Neb., have reopened their doors. AT the annual meeting in Milwaukee Judge Thomas Cooley, of Michigan, was elected president of the American Bar association. THE Denver savings bank failed with liabilities of $670,000. Depositors would be paid in full.


Article from The Cape Girardeau Democrat, September 9, 1893

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LATER advices say that since the recent storm in the south 390 dead bodies have been found on the islands about Beautort and Port Royal, S.C., and that the total number of dead would reach 1.000. Over $2,000,000 worth of property was wrecked near the same points. Near Jacksonville. Fla. fourteen dead bodies were found, and the damage to fruit trees and orange groves was enormous AT the session in St. Louis of the seventh international Sunday school convention the report of Secretary Porter $ showed the number of Sunday schools of the United States and British AmericΓ‘ to be 130,197; teachers and officers, 1,372,558; scholars, 10,870,104; total, 11,242,663. WHILE carelessly handling a revolver supposed to be unloaded Leo Stafford shot and killed his bride of six weeks at East Liverpool, O. THE total paid admissions during the first four months of the world's fair numbered 9,990,699. By months the attendance was: May, 1,050,037; June, 2,675,113; July, 2,760,263; Angust, 3,514,286. IN Chicago Judge Goggin declared the world's fair Sunday opening injunction should stand, overriding rddes Dunne and Brentano and surprising court attendants. FIVE tramps and Jack Swanson, the engineer, were killed in a freight train wreck near Brenham, Tex., and Fireman Cameron and Brakeman Ford were fatally injured. H. S. BUNDY, of Jackson county, was nominated for congress in the Tenth Ohio district on the 1,793d ballot. Mr. Bundy has served two terms in congress. AT Rockford, III., the Royal Sewing Machine company made an assignment with liabilities of $119,000 and assets of $40,000. WHILE Insane Samuel Deeters, of Waterloo, Ind., shot and killed Amos Bactel and fatally shot Mrs. Lowe, neighbors, and wounded his mother. FIRE destroyed the business part of De Pauw. Ind. THE following executions took place: George S. Turner (a wealthy man) at Spartenburg, S. C., for killing Ed Finger: Wade Cannon and George Bowers (colored) at Laurens, 8. C., for arson and John Ferguson for wife murder: Oscar Johnson and Henry Ewing at Berkely, S. C., for murdering Henry Weltman; and Ah Lo Doon, a Chinaman. at San Rafael, Cal., for the murder of William Shentor. RECEIVERS were named for the Equitable Mortgage company of Missouri, with headquarters in New York, the liabilities being $19,000,000. THE American national bank of Nashville, Tenn., and the American national bank of Omaha, Neb., have reopened their doors. AT the annual meeting in Milwaukee Judge Thomas Cooley, of Michigan, was elected president of the American Bar association. THE Denver savings bank failed with liabilities of $670,000. Depositors would be paid in full.


Article from The Progressive Farmer, September 12, 1893

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astrous runs began on the banks of this city three months ago the Denver Savings Bank had deposits of $1,300,000, and since then there has been a steady withdrawal under the legal notices given by depositors. The bank is capitalized at $250,000. Its stockholders and directors are individually worth double that amount. D. H. Ferguson is President; S. N. Wood, formerly cashier of the First National Bank, Vice-President, and C. H. Smith Second Vice President. The deposits have been very light since July 15 and have been kept separate from the money previously deposited. They will be returned in full at once to the depositors. The other accounts, however, will have to take their turn and be adjusted by the assignee, but will be paid in full, as the securities are perfectly good. Attachments aggregating $163,714.15 were placed upon the store of the Green Smith Watch and Diamond Company. The creditors SO far represented are all Denver men.


Article from The Progressive Farmer, September 12, 1893

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ANOTHER DENVER BANK HIT. The Savings Assigns with $670,000 Due to Depositors, Who Will Receive Payment in Full. DENVER, Col., Sept. 1.-The Denver Savings Bank late this evening assigned to the International Trust Company of Denver, who will liquidate their affairs and close the bank. The statement shows approximately that there is due to depositors $670,000. The cash on hand amounts to $120,000 and there are notes amply secured amounting to $800,000. When the dis-


Article from Wheeling Register, January 1, 1894

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Savings Bank Reopened DENVER, COLO., December 81.-The Denver Savings Bank, which succumbed to the panic of last July only after a most stubborn fight, will reopen for business Tuesday, January 2. The People's Savings Bank has abandoned the attempt to resume, and will pay a dividend of 10 per cent. on $955,000 of proven claims next Tuesday.


Article from The Wilmington Daily Republican, January 1, 1894

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A Denver Bank Resumes. DENVER, Jan. 1.-The Denver Savings bank, which succumbed to the panic of last July only after a stubborn fight, will reopen for business tomorrow. The People's Savings bank has abandoned the attempt to resume, and will pay a dividend of 10 per cent. on $935,000 of proven claims tomorrow.


Article from The Topeka State Journal, January 1, 1894

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Denver Saving Bank Resumes. DENVER, Colo., Jan. 1.-The Denver Savings bank, which succumbed to the panic of last July, only after a most stubborn fight, will report for business to-morrow. The People's Savings bank has abandoned the attempt to resume, and will pay a dividend of 10 per cent on $955,000 of proven claims next Tuesday.


Article from The Evening Herald, January 1, 1894

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A Denver Bank Resumes. DENVER, Jan. 1.-The Denver Savings bank, which succumbed to the panic of last July only after a stubborn fight, will reopen for business tomorrow. The People's Savings bank has abandoned the attempt to resume, and will pay a dividend of 10 per cent. on $955,000 of proven claims tomorrow.


Article from St. Paul Daily Globe, January 1, 1894

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One Resumes, the Other Doesn't. DENVER, Col., Dec. 31.-The Denver Savings bank, which succumbed to the panic of last July, only after a most stubborn fight, will reopen for business Tuesday, Jan. 2. The People's Savings bank has abandoned the attempt to re= sume, and will pay a dividend of 10 per cent on $955,000 of proven claims next Tuesday.


Article from Omaha Daily Bee, January 3, 1894

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Paying Their Depositors. DENVER, Jan. 2.-Two of Denver's closed savings banks put $250,000 in circulation today. The People's Savings bank paid out an assignee's dividend of 10 percent, amounting to $95,000. The Denver Savings bank. which closed during the July panic, resumed business today. The bank is paying 10 per cent to all depositors who ask it, and to those who did not sign the resumption agreement the full amount of their deposit is paid. The deposits so far have equaled the withdrawals.