Bank of Santa Fe - Santa Fe, KS

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: *
Location: Santa Fe, Kansas

Metadata

Model: gpt-5-mini
Short Digest: 52ffaf73

Response Measures

None

Description

Article (Mar 2, 1894 report) describes a run on the Bank of Santa Fe caused by defendants' posting of a protested certificate/placard and alleged false representations and forged drafts. No suspension, reopening, or receivership is mentioned in the text.

Events (1)

1. * Run

Cause: Rumor Or Misinformation
Cause Details: Defendants allegedly circulated a protested certificate/placard and made false representations and forged sight drafts; the bank 'discovered the fraud' and the posted protest placard precipitated heavy withdrawals.
Random Run: Yes
Random Run Snippet: bank discovered the fraud; protested certificate placard hung causing run
Newspaper Excerpt: by these means caused a run on the Bank of Santa Fe so that its net deposits fell from several thousand dollars to about $500 in a few weeks.
Source: newspapers

Newspaper Articles (1)

1. March 4, 1894 The Wichita Daily Eagle Wichita, KS

Article from The Wichita Daily Eagle, March 4, 1894

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Article Text

# NOT FOR JOE. Special to the Eagle. GARDEN CITY, Kan. March 2, 1894.-The jury in the case of the bank of Santa Fe vs. Joseph Rosenthal et al in the district court of Finney county, this morning returned a verdict against Rosenthal, Wadsworth, Kern, and the Haskell County Bank for the sum of $7000 damages. This case has been tried once before and was appealed to the supreme court and by it reversed and sent back for another trial. The reversal was granted by the supreme court on account of a misjoinder of causes of action; the alleged damages the plaintiff claimed on account of the formation and execution of a conspiracy by the defendants to injure the plaintiff's business and to run it out of business, and in the petition alleged that the defendants had procured a certain amount of plaintiff's cash by means of false representation and forged sight drafts, and had through the same means obtained a $2000 certificate of deposit and caused it to be protested after the Bank of Santa Fe discovered the fraud and caused a huge placard or copy of the certificate and protest to be made out and hung up in a public place in the Haskell county bank, and by these means caused a run on the Bank of Santa Fe so that its net deposits fell from several thousand dollars to about $500 in a few weeks. In the verdict as shown by the special findings, the jury assessed $1,000 as punitory damages which, with the money obtained, attorneys fees and expenses incurred, amounted to $7,000. The case was brought here on a charge of venue from Haskell county. The prosecution was conducted by County Attorney Mason and Senator Brown, and the defense by Judge Hoskinson and Rosenthal himself, and the trial continued nine days. The jury was composed of Democrats Populists and Republicans. The defendants will appeal to the supreme court.