3968. First National Bank (Moscow, ID)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
3408
Charter Number
3408
Start Date
April 24, 1901
Location
Moscow, Idaho (46.732, -117.000)

Metadata

Model
gpt-5-mini
Short Digest
1f03064b

Response Measures

Public signal of financial health, Capital injected

Description

Multiple contemporaneous newspaper reports (April 24, 1901) describe a run on the First National Bank of Moscow triggered by the closing of Gilbert Bros. bank in Salem. The run was checked the same day by local business leaders and a pledged stockholder bringing funds; there is no mention of any suspension or closure.

Events (1)

1. April 24, 1901 Run
Cause
Local Banks
Cause Details
Run was precipitated by the closing/failure of Gilbert Bros. bank at Salem, Oregon, which spooked depositors at Moscow.
Measures
Local business leaders convened, adopted a confidence resolution and a committee worked with depositors; A. N. Bush (heavy stockholder) wired he would bring ample funds to pay depositors.
Newspaper Excerpt
A run on the First National bank of Moscow was started as the result of the closing of Gilbert Brothers' bank at Salem, and for a time it looked as if a panic was at hand. The run was checked when A. N. Bush...wired that he would reach Moscow to-day with ample funds to pay off all depositors in full.
Source
newspapers

Newspaper Articles (10)

Article from Albuquerque Daily Citizen, April 24, 1901

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Article Text

Run on a Bank. Moscow, Idaho, April 24.-A run on the First National bank of Moscow was started as a resutl of the closing of Gilbert Brothers' bank at Salem, and for a time it looked as if a panic was at hand. The run was checked when A. N. Bush, of Salem, Oregon, one of the heavy stockholders of the bank, wired that he would reach Mos. cow to-day with ample funds to pay off all depositors in full.


Article from Santa Fe New Mexican, April 24, 1901

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Article Text

A RUN AVERTED. It Seemed for a Time as if a Panic Would Ensue at Moscow.' Moscow, Idaho, April 24.-A run on the First National bank at Moscow, was started as the result of the closing of Gilbent Brothers' bank ait Salem, and for a time it looked as if a panlic was at hand. The run was checked when A. N. Bush of Salem, Oregon, one of the heavy stockholders of the bank, wired he would reach Moscow today with ample funds to pay all depositors in full.


Article from Waterbury Democrat, April 24, 1901

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Article Text

RUN ON THE BANK. Checked by the Business Men, Who Influenced Depositors. Portland, Ore., April 24.-A special to the Oregonian from Moscow, says: A run on the First National bank of Moscow was started as the result of the closing of the Gilbert Brothers bank in Salem and for a time it looked as though a panic was at hand. A meeting of business men was called and a resolution was adopted expressing the confidence of the community in the bank and a committee was appointed to work with depositors and influence them to leave deposits untouched. By 10 o'clock the run was checked. A dispatch was received from A. N. Buch of Salem, Ore., one of the heavy stockholders in the bank, announcing that he would reach Moscow to-day with ample funds to pay off all depositors in full.


Article from The Topeka State Journal, April 24, 1901

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Article Text

Run on a Bank Checked. Portland, Ore., April 24.-A special to the Oregonian from Moscow, Idaho, says: A run on the First National bank of Moscow was started yesterday morning as the result of the closing of the Gilbert Bros, bank at Salem, and for a time it looked as if a panic was at hand. A meeting of business men was called and a resolution was adopted expressing the confidence of the community in the bank, and a committee was appointed to work with depositors and influence them to leave deposits untouched. By 10 o'clock the run had been checked.


Article from The Providence News, April 24, 1901

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Article Text

RUN ON BANK Checked Through Prompt Action of Business Men. Portland, Ore,, April 24-A special to the Oregonian from Moscow, Idaho, says: A run on the First National bank of Moscow was started yesterday as the result of the closing of Gilbert Bros. bank in Salem, and for is. time it looked as if a panic was at hand. A meeting of the business men was called and a resolution was adopted expressing the confiednce of the community in the bank, and a committee was appointed to work with depositors and influence them to leave deposits untouched. By 10 o'clock the run had been checked. A dispatch was received from A. N. Bush of Salem, Ore., one of the heavy stockholders in the bank, announcing that he would reach Moseow today with ample funds to pay off all depositors in full.


Article from The Sun, April 25, 1901

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Article Text

Idaho Bank Run Checked. Moscow. Ida.. April 24.-A run on the First National Bank of Moscow started as the result of the closing of Gilbert Bros. bank, in Salem. and for a time a panic was feared. A meeting of business men was called. A resolution was adopted expressing the confidence of the community in the bank. and a committee was appointed to work with depositors and influence them to leave their deposits untouched. By 10 o'clock the run had been checked.


Article from Washington Standard, April 26, 1901

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Article Text

MORE BANK TROUBLES.--A bank of Gilbert Bros., at Salem, Oregon, is the second failure within a week, that has occurred to disturb the financial equilibrium of the far west. It failed to open up for business Tuesday morning and a notice was posted stating that it was caused by pending litigation. The deposits aggregate $125,000, and the amount on hand Monday at closing, is said to have been about $1000. A touching feature of the failure is that the school children had about $1,500 deposited with the bank. A run on the First National Bank, at Moscow, Idaho, was started Tuesday morning, but a meeting of business men was held, and about 10 o'clock the run had been checked, and it is thought that it will pass the breakers in safety.


Article from Fort Mill Times, May 1, 1901

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Article Text

DOMESTIC. The State Bank Examiner of Georcia reports forty more banks in the State than on September 5 last, a total of 177. Short in his accounts $1000, Assistnut Postmaster C. H. Drexel, at Tarpon Springs, Fla.. was arrested. Arriving at San Francisco, Cal. from China. Minister E. H. Conger said the missionaries were not responsible for the recent troubles. A run on the First National Bank, of Moscow. Idaho, was checked by a union of business men. Virgil P. McMaster, of Nineveb. N. Y., an executor of the estate of Jane Bush. of Colesville, was arrested for misusing $23,000 of the estate funds. With the greatest crops in the history of the Territory in readiness for barvesters. Arizona ranchers cannot find enough men to do the work. A bill was passed by the Lower House of the Illinois Legislature prohibiting the sale. giving away or bringing into the Sta of cigarettes. Robbers who blew open the vault of the First National Bank at Wiscasset, Me. secured nothing. The last sale of a new York Stock Exchange seat made a record price-$82,000. Shirt waists were officially denied New York firemen. By "tips" from James J. Hill. former Senator Pettigrew. of South Dakota, is said to have cleared $250,000 on stocks. The schooner Samuel Ricker was run down and sunk off Comfield. Conn., by the Fall River steamer Pilgrim. Captain Allen, of the schooner, being drowned. The traffic season at Nome, Alaska, has opened. A stucco trust is proposed In the West. Charles C. Stockley, aged eighty-two years. former Governor of Delaware, died at Georgetown, Del. Tom Lee. a Chinese merchant. applied for police protection at New York City, saying his life was threatened by Highbinders. Ohio, Indiana and Illinois, through their Attorneys-Ceneral formed a friendly alliance to eradicate fraudutent insurance companies. By means of a breeches buty the crew of the life saving station at Chadwick, N. J., rescued Captain Mc. Keller and his crew of seven men from the stranded schooner Mola. The transport Garonne arrived at San Francisco, Cal. from Manila, having on board the Twenty-sixth Regiment and the unusual number of Bixty-four stowaways. In a jealous rage John H. Gorman. foreman of a copper mine, shot and killed George McCarthy, at Milton, Cal., and then biew himself to pieces with giant powder.


Article from The Olneyville Times, May 3, 1901

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Article Text

DOMESTIC. The mysterious disappearance of Frederick Kinney at Salina, Kan., caused the arrest of Henry Freeman, charged with his murder. Richard Murphy, son of former United States Senator Edward Murphy, eloped with Miss Elizabeth W. McConihe, of Troy, N. Y., and was married to her. Margaret Butler, mother of Congressman Thomas S. Butler and widow of State Treasurer Thomas Butler, died at Westchester, Penn., aged sixtynine years. The anniversary of the destruction of the Government transport Sultana was celebrated at Knoxville, Tenn., by 300 of the survivors of the disaster. Andrew Carnegie's $5,200,000 library gift to New York City can be accepted under a bill which Governor Odell signed at Albany, N. Y. Electric power was successfully transmitted 140 miles to a suburb of San Francisco, Cal., the longest distance it has ever been successfully carried. The State Bank Examiner of Georgia reports forty more banks in the State than on September 5 last, a total of 177. Short in his accounts $1000, Assistant Postmaster C. H. Drexel, at Tarpon Springs, Fla., was arrested. Arriving at San Francisco, Cal., from China, Minister E. 'H. Conger said the missionaries were not responsible for :he recent troubles. A run on the First National Bank, of Moscow. Idaho, was checked by a anion of business men. Virgil P. McMaster. of Nineveh. N. Y., an executor of the estate of Jane Bush, of Colesville, was arrested for misusing $23,000 of the estate funds. With the greatest crops in the hisory of the Territory in readiness for harvesters. Arizona ranchers cannot ind enough men to do the work. A bill was passed by the Lower House of the Illinois Legislature prohibiting the sale, giving away or bringng into the Sta of cigarettes. Robbers who blew open the vault of the First National Bank at Wiscasset, Me., secured nothing. The last sale of a new York Stock Exchange seat made a record price$62,000. Shirt waists were officially denied New York firemen. By "tips" from James J. Hill, former Senator Pettigrew, of South Dakota, Is said to have cleared $250,000 on stocks. The schooner Samuel Ricker was 'un down and sunk off Comfield. Conn., by the Fall River steamer Pilgrim, Captain Allen, of the schooner, being drowned.


Article from The Coeur D'alene Press, May 4, 1901

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NORTHWEST NEWS ITEMS BRIEFLY TOLD IN NOTES. in Interesting Collection of Items From the Four Northwest States of a Miscellaneous Nature Gathered the Past Week. IDAHO. Levi Brown may build a fruit drier in the Kendrick district. The Bank of Commerce opened its doors for business at Wallace last week. The board of pardons has pardoned Charles E. Ambs, sentenced to one year for burglary, from Ada county. Lon Mitchell has sold his farm of 158 acres, near Weiser, to L. Herrington, who recently arrived from Kansas. W. L. Kimmel, formerly of Grangeville, is about to put in an electric light plant at Kendrick, using the surplus power from the Kendrick grist mill. As the roads over the mountains improve, Cul de Sac will present a livelier appearance. Grain bauling has begun, and lumber and wood is coming into town. The First National Bank of MosCOW had a run on the bank last week and came through the ordeal with fly. ing colors. The Oregon bank trouble was responsible. Last week L. H. King, from Vineon's granite quarry, received injuries by a derrick falling upon him. His nose was broken and there were bad bruises about his head and shoulders. His injuries, though severe, are not dangerous. William Mohl, deputy horticultural inspector for the Lewiston district, announces that he will leave on May 1 for the Salmon river country to inspect orchards. Later he will visit the Camas Prairie orchards and those in the reservation district. At Peck, H. W. Crawford's general merchandise store and Skey Bros.' hardware store burned last week. The contents of both establishments were totally destroyed. Crawford's loss is between $10,000 and $12,000, which was more than half covered by insurance. Skey Bros. had no Insurance, and the hardware stock was valued at $3,000. There is an energy and speed being thrown into the construction of the Salmon River railroad, the grade of which begins at Blackfoot, which is altogether mystifying. It was expected that construction would be pushed as rapidly as conditions would permit, but General Manager Bancroft has is sued imperative orders that the line must be completed and in operation into Houstan before the first day of September. The county commissioners at Lewis ton made an order directing ex-Sheriff J. W. Rossen to pay into the county $1,015.50, the amount received during two years' incumbency as sheriff from the United States for the board of federal prisoners. The order was made on account of the opinion of the coun-