First Territorial Bank

Episode Information

Episode UID: 1514446591408
Episode Type: Run Only
Bank Type: state
Bank ID: 151444659 hash
Start Date: April 23, 1917
Location: Douglas, Alaska (58.276, -134.393)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: db63f43fdf6a0e7a

Response Measures

None

Description

Event date inferred as the Monday prior to the 1917-04-27 publication (1917-04-23).

Events (1)

1. April 23, 1917 Run

Cause: Local Shock
Cause Details: Miners, believing mining operations on the island were finished, withdrew deposits en masse.
Measures: Paid out about $50,000 in cash and exchange; awaited and then returned an unneeded consignment of gold from Seattle.
Newspaper Excerpt: a lively run on the bank Monday morning, when all were cared for as rapidly as money and exchange could be handed out.
Source: newspapers

Newspaper Articles (1)

1. April 27, 1917 Douglas Island News Douglas, AK

Article from Douglas Island News, April 27, 1917

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Article Text

WE SHOULD WORRY That fact that a number of miners who had money on deposit in the First Territorial Bank of this place and who. obsessed with the belief that mining operations on the Island were history, caused a lively run on the bank Monday morning, when all were cared for as rapidly as money and exchange could be handed out. A few. very few, business men of the town fell in line, while other business men of the town dug up what cash they had on hands and took to the bank for deposit, thus showing their abiding faith in the financial institution of their own town. Now the bank has a consignment of gold on the way from Seattle which is not needed and which will be returned as soon as it arrives. In cash and exchange about $50,000 was passed out at the bank Monday forenoon