Arizona Central Bank - Flagstaff, AZ

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: July 29, 1893
Location: Flagstaff, Arizona (35.198, -111.651)

Metadata

Model: gpt-5-mini
Short Digest: 9f2f51c5

Response Measures

Accommodated withdrawals, Capital injected

Description

Article (Mohave County Miner, 1893-07-29) describes a depositor run that was calmed by assurances from officers and support from a large stockholder; bank remained open and operations continued. Cause not explicitly detailed, so classified as rumor/misinformation/nervousness.

Events (1)

1. July 29, 1893 Run

Cause: Rumor Or Misinformation
Cause Details: Article does not give a specific solvency issue; describes nervousness among depositors and reassurances from officers and a large stockholder, suggesting a rumor-driven or panic withdrawal.
Measures: Assurances from president, vice president and cashier; large stockholder promised to protect the bank; received supportive telegrams and letters.
Newspaper Excerpt: During the day the bank received many telegrams and letters wishing them good luck, and from 2:30 on the run was one of depositors and congratulations over the able manner in which the situation Was met.
Source: newspapers

Newspaper Articles (1)

1. July 29, 1893 Mohave County Miner Mineral Park, AZ

Article from Mohave County Miner, July 29, 1893

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Article Text

the bank were large, being the second largest stockholder, and that he should fully protect the bank, and fully see it through. Vice President J. F. Brown also stated that the position of the bank was impregnable, and in this view he was full contirmed by President Hanna and cashier Freeman, who took the situation comfortably throughout the day. During the day the bank received many telegrams and letters wishing them good luck, and from 2:30 on the run was one of depositors and congratulations over the able manner in which the situation Was met." B.N. Freeman, one of the partners in the Arizona Central Bank of Flagstaff is Cashier, and is heavily interested in the City National Bank of Denver, and the friends of our home bank will therefore be interested in the above.