Louisville Bank (Louisville, CO)

Episode Information

Episode UID
82026871381
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8202687 routing
Routing Number
82-0268
Start Date
January 23, 1915
Location
Louisville, Colorado (39.978, -105.132)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ca42f5d45dfd62c5

Response Measures

None

Description

Bank turned affairs over to the state banking department; unclear if reopened later or placed in receivership.

Events (1)

1. January 23, 1915 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Large union deposits tied up by injunction and related withdrawals/consolidation led to the bank turning its affairs over to the state banking department.
Newspaper Excerpt
the Louisville bank of Louisville, Colo., and if the injunction ... the officers of the bank turned over its affairs to the state banking department Wednesday.
Source
newspapers

Newspaper Articles (3)

Article from The Elk Mountain Pilot, January 21, 1915

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Article Text

succeed W. H. Porter. The Colorado and Wyoming Lumber conDealers' Association will hold a vention in Denver Jan. 19 to 21. Saul Epsteen, state insurance com- to missioner, tendered his resignation March Governor Carlson to take effect 15. Denver, Washington and Newport, the of Wight, felt the shocks of earthquake [sle which shook parts of Italy last week. Hiram Pierce of Fort Collins died his pneumonia at the residence of whom of on, Robert Pierce, in Denver, e was visiting. A jury in West Side Court in guilty Denbrought in a verdict of not n er the case of C. W. Scott, charged rith white slavery. A. S. Angell, eighty-three years was old. at his home in Denver. He Colotied orn in Newport and came to ado twenty-three years ago. High-grade ore valued at $5,000 lease was from the Patrick Connors mine *tolen No. 2 shaft of the Little Jonny level. at n Leadville at the 700-foot Mrs. Julia A. Bishop, 84 years William old, at the home of her son, attack died Bishop, in Denver, from an Colorado C. of pneumonia. She came to in 1863. The Cudahy ranch has added 1,280 of of land to its holdings north at acres Rocky Ford, the ranch containing and 8..he present time between 7,000 300 acres. balance of $1,246,211.46 Treasurer in cash A turned over to State Treasurer Allison was Stocker by former control Leddy, when Stocker assumed of that office. products sold in Colorado dur- $3. Dairy 1914 returned approximately acing to their manufacturers, State cording 000,000 to the annual report of Dairy Inspector G. E. Morton. school children of Colorado spirit Springs The have entered into the in adthe Chamber of Commerce with of vertising the Pike's peak region an enthusiasm that promises big results. Five damage suits, filed as a result Boulthe giant powder explosion in & of in 1907. against the Colorado of the der and the receiver have Northwestern Southern Railway Company, been settled out of court. Louisville bank of Louisville banking The turned over to the state of the was department by the ownership they institution for the reason that safebelieved it to be the best bank. way to guard the patrons of the Immigration is going to be a slogan Carlson administration-imml- forof the of good, honest, desirable gration to Colorado by systematic sets eigners provided the Assembly methods, aside money for the State Department handling this subject. Colorado legislators are planning of in- to this state of habitual users irririd drugs by providing an built a jurious farm on which will school, be to gated and industrial hospital which drug fiends will be sentenced and cures attempted. Montrose city commissioners meet The a willingness at their appropriaexpressed make the necessary Mountain ing to the purchase of the the tion for which Congress has granted 520 city park up in the Sawtooth range, acres at a cost of $650. C. Cowan, Y. M. C. A. man lost and superintendent R. of Craig colony. tubersixteen-year battle against Cowan his in Denver and died. of the culosis known among patients their welwas to have a feeling for Craig, colony similar to that of Frank sevfare founder of the colony, who died eral weeks ago. city and county of Denver that is it The approximately $500,000 out might saved have been obliged under to pay no obliback salaries, and is 300 former in to reinstate about at gation who were discharged extension employés times following the June 1, various classified service on down of the through a decision handed the Disin 1913, Denver by Judge Butler of trict Court. weeks have satisfied Hugh are Two and Viola Smith that they Walker Walker soul mates, after all. elevennot return to his wife and he left wants to baby girl, whom to run months-old penny, Dec. 28. last, wife of without a Mrs. Viola Smith, her away with Smith. Mrs. Smith wants three Herbert to come to her with the in her husband boys she left behind her near hurried pretty flight from her home Denver. little of the real enthusiasm is needed and "A spirit is all that the center , mining to make Colorado hisright the now greatest mining boom in


Article from The Ordway New Era, January 22, 1915

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18-23 sociation Meeting Horse Show in Denver and Midwinter Jan. Fair at Denver, Auditor Mulnix appointed his to son, State H. B. Mulaix, chief examiner succeed W. H. Porter The Colorado and Wyoming hold Lumber a con Association will 21. vention Dealers in Denver Jan. 19 to Saul Epsteen, state insurance resignation com to tendered his March 15. Governor missioner, Carlson to take effect Denver, Washington and Newport. of the Wight, felt the shocks of Italy earthquake Isle of which shook parts last week. Pierce of Fort Collins of died his Hiram pneumonia at the residence whom of son, Robert Pierce, in Denver, he was visiting. in West Side Court in guilty Den A jury in a verdict of not charged ver in the brought case of C. W. Scott, with white slavery. old, S. Angell. eighty three years He was A. his home in Denver. Colo born died at in Newport and came ago. to rado twenty-three years ore valued Connors at $5,000 lease was High-grade from the Patrick mine at stolen shaft of the Little Jonny level. in No. Leadville 2 at the 700-foot Julia A. Bishop, 84 years William old, Mrs. the home of her son, attack died at in Denver, from an Colorado in c. of pneumonia. Bishop, She came to 1863. Cudahy ranch has added north 1,280 of The of land to its holdings containing at acres Ford, the ranch and 8. the Rocky present time between 7,000 000 acres. balance of $1,246,211.46 Treasurer in cash A over to State was turned by former Treasurer control Leddy, Allison when Stocker Stocker assumed of that office. products sold in Colorado dur $3. ing Dairy 1914 returned manufacturers, approximately ac 000,000 to to the their annual report Morton. of State cording Dairy Inspector G. E. of Colorado The school entered children into the spirit ad Springs Chamber have of Commerce region in with of the the Pike's peak big re vertising that promises damage suits, filed as in Five powder explosion of the against the of an cults. enthusisam giant 1907. Colorado a result Boul the & Southern Company, der in and Railway the receiver have settled out of Louisville bank of The over to the of been Northwestern turned court. ownership state Louisville banking the was department by the reason that they Institution for the best way to safe it to be the bank. believed the patrons of the a guard is going to be slogan Immi Immigration the Carlson administration- desirable for Colorado of gration of good, honest, by systematic eigners to the Assembly nets aside methods, money provided for the State Department handling this subject. to planning Colorado legislators habitual are users of Irri in rid this state of providing an jurious drugs by which will be built to a gated farm on Industrial school, which drug fiends hospital and will be sentenced and cures attempted. The Montrose city commissioners at their meet expreased a willingness the necessary appropria Mountain ing to make purchase of the the in park tion for which the Congress the Sawtooth has granted range, 520 acres city up at a cost of $650. M. C. A. man and R. C. Cowan, of Y. Craig colony, lost superintendent battle against died. Cowan tuber in of his culosis sixteen-year known Denver among and patients their well the was colony to have a that feeling of for Frank Craig. weeks ago. fare founder similar of the to colony, who died sev is eral The approximately city and county obliged $500,000 of to Denver pay that out it saved have been is under no obli might salaries, and 300 former to reinstate discharged following June 1. gation in employés back times who were about the on extension at in various the classified decision service handed down by Denver 1913, of through Judge a Butler of the Dis trict Court. Hugh satisfied Two weeks Viola have Smith that they Walker are Walker and mates, after all. eleven not wants soul to return to girl, his wife whom and he left months-old baby Dec. 28, last, wife to run of without a penny, Viola Smith, her with Mrs. Smith wants away Herbert Smith. Mrs. to her with the three husband to come she left behind her in near her pretty hurried boys flight from her home and to make now mining Denver. 'A little spirit of the is all real Colorado that enthusiasm the is needed center


Article from United Labor Bulletin, January 23, 1915

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$125,000 OF UNION MINERS FUND ARE TIED UP IN BANK MAY BE FORCED TO TAKE OVER PROPERTY FOR PROTECTION. Deposit Made to Insure Employment of Men by American Fuel Co. Jeopardized by Closing of Lafayette Bank. Funds approximating $125,000 of the United Mine Workers of America are tied up in the closing of the Louisville bank of Louisville, Colo., and if the injunction granted against the organization withdrawing its certificates of deposits, granted last July, is made permanent the miners may be forced to take over several mining properties and operate them or lose the sum above given. The $125,000 was deposited in four northern Colorado banks when the United Mine Workers, in order to provide work for the men out on strike in the north, deposited with the Lafayette and Louisville and two other banks sums sufficient to guarantee the operation of the American Fuel Company and the mines it controlled. The promoters tried to obtain a loan from the United Mine Workers, but the officials had no authority to lend money in that manner. The contract then was signed by which the miners deposited the various sums with the banks acting as agent in the loan making. When the banks refused to take more deposits of this nature the union advanced $55,000 to the American Fuel Company. George M. Williams, receiver of the fuel company, enjoined the miners from getthig their deposits because it was declared the funds were held as security for the American Fuel Company loans and other obligations. This made the district organization leaders of the min. ers angry and they withdrew their funds from the Lafayette bank. This fact, together with the injunction suit, af. feeted the banak and brought about a consolidation of assets with the Louis. ville bank. Asserting that the elimination of the dispute will permit a speedy reorganization, or liquidation, the officers of the bank turned over its affairs to the state banking department Wednesday. It is said outside capital will become interested with local men in putting the bank on its feet again. The liabilities are approximately $250,000. and it is said there are assets worth twice that much. If the miners are forced to take over the properties of the American Fuel Company they will have equities in the mine at Parkdale, the Centennial at Louisville, the Fort Lupton at Fort Lupton, the Willoughby Coal and Land Company at Lafayette and smaller, undeveloped properties.