Carbonate Bank (Leadville, CO)

Episode Information

Episode UID
2597509791123
Episode Type
Run Only
Bank Type
state
Bank ID
259750979 hash
Start Date
July 3, 1893
Location
Leadville, Colorado (39.251, -106.293)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
43af9c1d95329f2a

Response Measures

None

Events (1)

1. July 3, 1893 Run
Cause
Local Banks
Cause Details
Run occurred the same morning another local bank (American National) suspended, likely triggering depositors' withdrawals.
Measures
Paying teller disbursed funds as checks were presented; directors had made prudential preparations; commercial customers made withdrawals but no accounts closed.
Newspaper Excerpt
There was a run on the Carbonate bank this morning, but it ceased at noon.
Source
newspapers

Newspaper Articles (2)

Article from Fort Worth Gazette, July 4, 1893

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Article Text

Stood the Runs. Leadville, Colo., July 3.-Before the hour off jopening an immense crowd gathered for a run on the Carbonate and American banks The directors of each had long been expecting it and the managers had made such prudential preparations for the energency as was in their power. The-Carbonate was soon filled with an eager crowd of depositors, all showing more or less anxlety. The paying teller handed out the funds as fast as the checks were preseuted, however, and the process of disbursement went steadily on until near noon. The only other incident of the morning's business was the frequent appearances of the bank's regular commercial customers with deposits of such funds as they were able to collect during the morning. Among this class was unt manifest the slightest uneasiness, and not a single account was closed by the withdrawal of funds, President


Article from Morning Journal and Courier, July 4, 1893

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Article Text

COMPELLED TO SUSPEND. More Banks Are Obliged to Close Their Doors. LEADVILLE, Col., July 3 -The American National bank, owing to the impossibility of realizing upon its securities has been compelled to suspend payment. The officers state that the bank's resources are $536,134, liabilities $342,625, and that depositors will be paid in full. There was a run on the Carbonate bank this morning, but it ceased at noon. LARNED, Kans., July 3.-The Pawnee County bank closed Saturday night, and the Larned State bank failed to open this morning. A receiver of the Larned has been appointed, and the Pawnee county has assigned. The liabilities of the Pawnee are $18,000 and of the Larned $28,000. Both have notes and discounts considered ample to cover all liabilities.