Article Text
HEINZE'S BANK CLOSES DOWN BUTTE. Oct. 17.-The State Savings bank of uBtte, in which Heinze is largely interested. closed its doors today. A run was precipitated because of stories of Heinze's copper fight in Wall st.
State Savings Bank (Butte, MT)
Episode Information
- Episode UID
2212933991294- Episode Type
- Run → Suspension → Reopening
- Bank Type
- savings
- Bank ID
-
221293399hash - Start Date
- October 17, 1907
- Location
- Butte, Montana (46.004, -112.535)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
0b3739078f2c35a4
Response Measures
None
Description
Run triggered by failures/rumors about Heinze-related firms and correspondent interests.
Events (5)
1.
October 17, 1907
Run
- Cause
- Correspondent
- Cause Details
- Stories and reports of failures/suspension of Heinze brokerage firms and related foreign bank ties prompted depositors to withdraw.
- Measures
- Bank availed itself of the thirty days privilege and closed its doors temporarily.
- Newspaper Excerpt
- A run was precipitated because of stories of Heinze's copper fight in Wall st.
- Source
- newspapers
2.
October 17, 1907
Suspension
- Cause
- Correspondent
- Cause Details
- Temporary suspension invoked after the run triggered by reports about Heinze's associated firms.
- Newspaper Excerpt
- the bank ... availing itself of the thirty days privilege, closed its doors.
- Source
- newspapers
3.
October 24, 1907
Other
- Newspaper Excerpt
- two applications were made in court ... for the appointment of receivers for the State Savings bank, which closed its doors last week.
- Source
- newspapers
4.
December 28, 1907
Other
- Newspaper Excerpt
- F. Augustus Heinze deposit to the credit of the bank $250,000, and that M. S. Largey ... deposit $750,000.
- Source
- newspapers
5.
February 15, 1908
Reopening
- Newspaper Excerpt
- The State Savings Bank ... today resumed business. The petition for a receiver pending in the district court was dismissed.
- Source
- newspapers
Newspaper Articles (18)
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Article Text
Heinze Bank Closes, Butte, Oct. 17.-The State Savings bank of Butte, in which F. A. Heinze is largely interested, closed its dors today. A run was precipitated because of stories of Heinze's big copper fight in Wall street.
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Run on a Butte Bank. HELENA, Mon., October 17.-A special from Butte says that because of the suspension of what are known as the Heinze brokerage firms in New York, a run was started today on the State Savings Bank, in which Heinze is the leading stockholder and a director, and that bank, availing itself of the thirty days privilege, closed its doors. None of the other banks, It is said, are affected. They experienced no runs. The tenosits of the bank are in the vicinity of $3,500,000, and of the savings department about $1,250,000. The latter largely from the working people of Butte. The state has about $75,000 of state funds in the bank.
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Article Text
Butte, Mont. Oct. 17.-The state savings bank, of Butte, in which Heinze is largely interested, closed its doors today. A run was precipitated because of the stories of Heinze's copper fight. in Wall street.
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Article Text
BUTTE, Mont. Oct. 17.-After having been opened only a few minutes the State Savings Bank closed its dors today. A run had been precipitated because of stories received over private wires that the firm of Otto Heinze & Company of New York and a large German bank in Berlin had failed. These interests are closely identified with F. August Heinze in his copper mining opera tions. Heinze is the largest stockholder and director in the State Savings Bank, which has deposits of about $4,250,000.
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REPORTS CAUSE FAILURE. State Savings Bank at Butte Closes Doors to Public. Butte, Mont., Oct. 18.-After having been open only a few minutes the State Savings bank closed its doors Thursday. A run had been precipitated because of stories received over
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EXAMINER IN CHARGE OF BUTTE BANK Depositors, Mostly Working People, Remain Optimistic Despite, Difficulties of Heinze Institution. By Morning Journal Special Leased Wire.] Helena, Mont., Oct. 18.-According to long distance telephone messages to the Associated Press from Butte, received tonight, there has been practically no developments in the State Savings bank situation there today. State Bank Examiner Collins today assumed charge of the situation, and after making a hurried inspection of the books announced that from the figures at hand, the bank is in a better condition than when it submitted its last quarterly report to him. The whole question, however, is said to depend upon the value of the collateral which the Institution holds on outstanding loans. The depositors, who principally are working men and women, were cheerful today over the outlook Examiner Collins is making a thorough investigation of the bank's books and willMater make a statement to the depositors. The Silver Bow National bank. which is also controlled by F. A Heinze, is said to be safe and will not be involved in the copper magnate's financial difficulties There was no sign of a run on this institution today. The officers of the State Savings bank tonight refused to make any statement. saying that the bank is now in the hands of the state examiner. and that any official statement given out must come from him.
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Article Text
Butte Bank Closes Butte. Oct. 17 - The State Savings bank. in which the Heinzes are interested, closed its doors at noon today. A crowd of depositors are gathered around the door crying for vengeance. A notice posted on the door says the suspension is only temporary and that the bank will soon reopen.
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This Bank May Reopen. Helena, Mont., Oct. 24.-A long distance telephone from Butte says two applications were made in court yesterday for the appointment of receivers for the State Savings bank, which closed its doors last week. State Bank Examiner Collins gave out a reassuring statement late today which intimated that a movement is on foot looking to the reopening of the bank.
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Butte Bank in Trouble Helena, Mont. Oct. M.-A long distance telephone message from Butte says two applications were made in court yesterday for the appointment of receivers for the State Savings bank. which closed its doors last week. State Bank Examiner Collins gave out a reassuring statement, which Intimated that a movement is on foot looking to the reopening of the bank.
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Dr. Shoop's Rheumatic Remedy "ALL DEALERS" Butte, Montana, Oct. 24.-Two applications for the ap pointment of receivers for the State Saving Bank have been made to the court here to-day. The Bank closed its doors last week. State Bank Examiner Collins gave out a statement which intimated there was movement on foot looking to the reopening of the Banks.
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Ask Receiver for Heinze Bank. Butte, Mont., Oct. 26 -Application for the appointment of a receiver for the State Savings bank. the financial house in this city of F. Augustus Heinze, by George Dodgson, was brought up this morning before Judge Bourquin and continued until after the hearing of the petition of the state in the same matter on November
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A. F. HEINZE MUST GIVE $250,000 TO BUTTE BANK BUTTE, Mont., Dec. 28.-The hearing for the appointment of a receiver for the State Savings Bank, of Butte, was postponed by District Judge Bourquel today to January 16, with the condition that Augustus F. Heinze deposit to the credit of the bank $250,000, and that M. S. Largey, president of the institution, deposit $750,000.
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HEINZE WILL HAVE TO HURRY COURT SAYS HE MUST DEPOSIT $250,000 IN BANK BY MARCH 2. BUTTE, Dec. 28.--In: the district court late yesterday, F. Augustus Heinze was given until March 2. to get the affairs of the State Savings bank in condition to open and operate the bank. Unless he does so by that time the court will appoint a receiver. To do this Heinze must raise $250.000 and deposit it to the credit of the bank.
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BUTTE SAVINGS BANK RESUMES Institution Which Closed Last Octo. ber Reopens for Business-Heinze Deposed. Butte, Mont., Feb. 15.-The State Savings Bank of Butte, which closed its doors last October, today resumed business. The petition for a receiver pending in the district court was dis. missed. F. A. Heinze has retired from the board of directors. There was no run and many persons opened new accounts.
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State Bank Resumes. Butte, Mont., Feb. 15.-The State Savings bank, which closed its doors last October, today resumed business. The petition for a receiver pending in the court was dismissed. F. A. Heinze has retired from the board. There was no run and many depositors opened accounts.
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BUTTE (MONT.) BANK RESUMES. Butte, Mont., Feb. 15.-The - State Savings Bank, which closed its doors last October, resumed business to-day. A petition for a receiver, long pending in the local courts, was dismissed. F. A. Heinze has retired from the board. There was no run to-day and many new depositors opened accounts.
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Butte Bank Resumes. Butte, Mont., Feb. 17.-The State bank, which closed its doors last October, has resumed and a petition for a receiver, long pending in the local courts, was dismissed. F. A. Heinze has retired from the board. There was no run and many new depositors took up accounts.